ACE Securities Corp. Home Equity Loan Trust, Series 2007-ASAP1 Inactive
Filed: 9 Mar 07, 12:00am
Filed pursuant to Rule 433(d)
Registration Statement No. 333-131727
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ACE Securities Corp. FREE WRITING PROSPECTUS
Home Equity Loan Trust Series 2007-ASAP1
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The following is a free writing prospectus. The information in this free writing prospectus is preliminary and is subject to
completion or change.
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FREE WRITING PROSPECTUS
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ACE Securities Corp
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$798,535,000 (Approximate)
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Home Equity Loan Trust
Series 2007-ASAP1
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ACE Securities Corp
(Depositor)
ACE Securities Corp Home Equity Loan Trust, Series 2007-ASAP1
(Issuing Entity)
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[Deutsche Bank Logo]
March 8, 2007
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
1
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
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The analysis in this report is based on information provided by ACE Securities Corp. (the "Depositor"). Investors are urged to read
the base prospectus and the prospectus supplement and other relevant documents filed or to be filed with the Securities and Exchange
Commission because they contain important information. Such documents may be obtained without charge at the Securities and Exchange
Commission's website. Once available, the base prospectus and prospectus supplement may be obtained without charge by contacting
Deutsche Bank Securities Inc.'s ("DBSI") trading desk at (212) 250-7730. 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 (collectively, the "Prospectus").
The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free
writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior
similar free writing prospectus relating to these securities. 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. You should consult your
own counsel, accountant, and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these
securities.
The attached information contains certain tables and other statistical analyses (the "Computational Materials") which have been
prepared by DBSI in reliance upon information furnished by the Depositor. Numerous assumptions were used in preparing the
Computational Materials that may or may not be reflected herein. As such, no assurance can be given as to whether the Computational
Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. These
Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting
advice. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on
prepayment assumptions, and changes in such prepayment assumptions may dramatically affect such weighted average lives, yields and
principal payment periods. In addition, it is possible that prepayments on the underlying assets will occur at rates slower or
faster than the rates shown in the attached Computational Materials. Furthermore, unless otherwise provided, the Computational
Materials assume no losses on the underlying assets and no interest shortfalls. The specific characteristics of the securities may
differ from those shown in the Computational Materials by a permitted variance of +/- 10% prior to issuance. Neither DBSI nor any of
its affiliates makes any representation or warranty as to the actual rate or timing of payments on any of the underlying assets or
the payments or yield on the securities.
An investor or potential investor in the certificates (and each employee, representative, or other agent of such person or entity)
may disclose to any and all persons, without limitation, the tax treatment and tax structure of the transaction (as defined in
United States Treasury Regulation Section 1.6011-4) and all related materials of any kind, including opinions or other tax analyses,
that are provided to such person or entity. However, such person or entity may not disclose any other information relating to this
transaction unless such information is related to such tax treatment and tax structure.
THIS INFORMATION IS FURNISHED TO YOU SOLELY BY DBSI AND NOT BY THE ISSUING ENTITY OF THE SECURITIES OR ANY OF ITS AFFILIATES. DBSI
IS ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUING ENTITY IN CONNECTION WITH THE PROPOSED TRANSACTION.
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
2
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
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FREE WRITING PROSPECTUS DATED March 8, 2007
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-ASAP1
$798,535,000 (Approximate)
All dollar amounts and percentages contained herein are subject to a permitted variance of +/- 10%
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Structure Overview
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To 10% Optional Termination
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WAL Principal Pmt Interest Legal Expected
Class Approximate Type (yrs) Payment Delay Accrual Final Ratings
Size ($) Window (months) (days) Basis Maturity S / M
Offered Certificates:
A-1 284,631,000 Float 2.29 1 - 84 0 ACT/360 March 2037 AAA / Aaa
A-2A 181,404,000 Float 1.00 1 - 22 0 ACT/360 March 2037 AAA / Aaa
A-2B 67,264,000 Float 2.00 22 - 28 0 ACT/360 March 2037 AAA / Aaa
A-2C 57,273,000 Float 3.00 28 - 56 0 ACT/360 March 2037 AAA / Aaa
A-2D 57,045,000 Float 6.22 56 - 84 0 ACT/360 March 2037 AAA / Aaa
M-1 31,510,000 Float 4.91 45 - 84 0 ACT/360 March 2037 [AA+]/ Aa1
M-2 28,608,000 Float 4.81 42 - 84 0 ACT/360 March 2037 [AA+] /Aa2
M-3 16,170,000 Float 4.75 41 - 84 0 ACT/360 March 2037 [AA]/Aa3
M-4 14,926,000 Float 4.72 40 - 84 0 ACT/360 March 2037 [AA]/A1
M-5 14,097,000 Float 4.70 40 - 84 0 ACT/360 March 2037 [AA-]/A2
M-6 13,682,000 Float 4.67 39 - 84 0 ACT/360 March 2037 [A+]/A3
M-7 12,024,000 Float 4.66 38 - 84 0 ACT/360 March 2037 [A-]/Baa1
M-8 11,609,000 Float 4.65 38 - 84 0 ACT/360 March 2037 [BBB+]/Baa2
M-9 8,292,000 Float 4.65 38 - 84 0 ACT/360 March 2037 [BBB]/Baa3
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Total $798,535,000
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Pricing Speed
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Fixed-Rate Mortgage Loans 100% PPC (4% CPR growing to 23% CPR over 12 months )
Adjustable-Rate 100% PPC (5% CPR in month 1, an additional 2% CPR for each month thereafter, building to 27% CPR
Mortgage Loans in month 12 and remaining constant at 27% CPR until month 23, increasing to and remaining constant
at 60% CPR from month 24 until month 27 and decreasing and remaining constant at 30% CPR from
month 28 and thereafter; provided, however, the prepayment rate will not exceed 85% CPR per annum
in any period for any percentage of PPC)
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Transaction Overview
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Certificates: The Class A-1 Certificates and the Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates
(collectively, the "Class A-2 Certificates"; and together with the Class A-1 Certificates, the
"Senior Certificates" or "Class A Certificates"), the Class M-1, Class M-2, Class M-3, Class M-4,
Class M-5, Class M-6, Class M-7, Class M-8, and Class M-9 Certificates (collectively, the "Mezzanine
Certificates" or "Class M Certificates"). The Class A-1 Certificates are backed by conforming
principal balance fixed-rate and adjustable-rate first and second lien mortgage loans (the "Group I
Mortgage Loans") and the Class A-2 Certificates are backed by fixed-rate and adjustable-rate first
and second lien mortgage loans with conforming and non-conforming principal balances (the "Group II
Mortgage Loans"). The Mezzanine Certificates are backed by the Group I Mortgage Loans and Group II
Mortgage Loans (collectively, the "Mortgage Loans"). The Senior Certificates along with the
Mezzanine Certificates are referred to herein as the "Offered Certificates."
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The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
3
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
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Transaction Overview (Cont.)
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Certificates: The trust will also issue the Class CE Certificates, the Class P Certificates and the Class R
Certificates which are referred to herein as the "Non-offered Certificates". The pass-through rate
on the Class A-1 Certificates will be the lesser of (i) One-Month LIBOR plus a margin and (ii) the
applicable Net WAC Pass-Through Rate. The pass-through rates on the Class A-2 Certificates will be
the lesser of (i) One-Month LIBOR plus their respective margins and (ii) the applicable Net WAC
Pass-Through Rate. The pass-through rates on the Mezzanine Certificates will be the lesser of (i)
One-Month LIBOR plus their respective margins and (ii) the applicable Net WAC Pass-Through Rate.
Collateral: As of the Cut-off Date, the Mortgage Loans will consist of approximately 4,657 adjustable-rate and
fixed-rate, first and second lien, closed-end, mortgage loans. The aggregate outstanding principal
balance of the Mortgage Loans is approximately $829,214,912 as of the Cut-off Date. The Mortgage
Loans will be separated into two groups. The Group I Mortgage Loans will represent approximately
2,479 conforming principal balance fixed-rate and adjustable-rate Mortgage Loans totaling
approximately $364,444,648 and the Group II Mortgage Loans will represent approximately 2,178
conforming and non-conforming principal balance fixed and adjustable-rate Mortgage Loans totaling
approximately $464,770,264.
Class A Certificates: Class A-1, Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates
Class M Certificates: Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, and Class
M-9 Certificates
Depositor: ACE Securities Corp. ("ACE")
Issuing Entity: ACE Securities Corp. Home Equity Loan Trust, Series 2007-ASAP1. The Issuing Entity is also
referred to herein as the trust.
Master Servicer and Wells Fargo Bank, National Association
Securities Administrator:
Servicer: Ocwen Loan Servicing, LLC
Trustee: HSBC Bank USA, National Association
Custodians: Wells Fargo Bank, National Association and Deutsche Bank National Trust Company
Credit Risk Manager: Clayton Fixed Income Services Inc.
Underwriter: Deutsche Bank Securities Inc.
Swap Provider: TBD
Cut-off Date: February 1, 2007
Expected Pricing: Week of March 5, 2007
Expected Closing Date: On or about March 13, 2007
Record Date: For so long as the Offered Certificates are held in book-entry form, the Record Date will be the
business day immediately preceding the related Distribution Date. With respect to any Offered
Certificates held in definitive form, the Record Date will be the last business day of the month
immediately preceding the month in which the related Distribution Date occurs.
Distribution Date: 25th day of each month (or the next business day if such day is not a business day) commencing in
March 2007.
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The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
4
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
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Transaction Overview (Cont.)
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Determination Date: The Determination Date with respect to any Distribution Date is the 15th day of the month in
which the Distribution Date occurs or, if such day is not a business day, on the immediately
preceding business day.
Due Period: The Due Period with respect to any Distribution Date commences on the second day of the month
immediately preceding the month in which such Distribution Date occurs and ends on the first day
of the month in which such Distribution Date occurs.
Prepayment Period: The Prepayment Period with respect to any Distribution Date shall be (i) with respect to
principal prepayments in full, the period from the 16th day of the month immediately preceding
the Distribution Date to the 15th day of the month in which the Distribution Date occurs and (ii)
with respect to principal prepayments in part, the calendar month immediately preceding the month
in which the Distribution Date occurs.
Interest Accrual Period: Interest will initially accrue on the Offered Certificates from the Closing Date to (but
excluding) the first Distribution Date, and thereafter, from the prior Distribution Date to (but
excluding) the current Distribution Date on an actual/360 basis. The Offered Certificates will
initially settle flat (no accrued interest).
Interest Distribution Amount: For the Certificates of any class on any Distribution Date is equal to interest accrued during
the related Interest Accrual Period on the certificate principal balance of that class
immediately prior to such Distribution Date at the then applicable pass-through rate for such
class, and reduced (to not less than zero), in the case of each such class, by the allocable
share, if any, for such class of prepayment interest shortfalls to the extent not covered by
Compensating Interest paid by the Master Servicer or the Servicer and shortfalls resulting from
the application of the Servicemembers' Civil Relief Act or similar state or local laws.
Senior Interest Distribution For the Class A Certificates on any Distribution Date is an amount equal to the sum of
Amount: the Interest Distribution Amount for such Distribution Date for each such class and the Interest
Carry Forward Amount, if any, for such Distribution Date for each such class.
Administration Fee Rate: The Master Servicer, Servicer and Credit Risk Manager will be paid monthly fees on the
outstanding principal balance of the Mortgage Loans. These fees initially aggregate to a
weighted average cost of approximately 0.5170% for the Mortgage Loans.
Prepayment Interest
Shortfalls: Interest shortfalls attributable to voluntary principal prepayments on the Mortgage Loans.
Compensating Interest: The Servicer will be required to cover Prepayment Interest Shortfalls on prepayments in full on
the Mortgage Loans up to the amount of the Servicing Fee. If the Servicer fails to make any
required Compensating Interest payment, the Master Servicer will be required to do so up to the
amount of the Master Servicing Fee.
Optional Termination: On any Distribution Date on which the aggregate outstanding principal balance of the Mortgage
Loans as of the last day of the related Due Period is less than or equal to 10% of the aggregate
outstanding principal balance of the Mortgage Loans as of the Cut-off Date, the Master Servicer
may purchase all of the Mortgage Loans and REO properties remaining in the trust, causing an
early retirement of the certificates, but is not required to do so.
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The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
5
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
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Transaction Overview (Cont.)
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Monthly Servicer Advances: The Servicer will collect monthly payments of principal and interest on the Mortgage Loans
and will be obligated to make advances of delinquent monthly principal and interest payments. The
Servicer is required to advance delinquent payments of principal and interest on the Mortgage Loans
only to the extent such amounts are deemed recoverable. If the Servicer fails to make any such
advance, the Master Servicer will be required to do so subject to its determination of
recoverability. The Servicer and the Master Servicer are entitled to be reimbursed for these
advances, and therefore these advances are not a form of credit enhancement.
Credit Enhancement: 1) Excess Interest;
2) Overcollateralization ("OC"); and
3) Subordination
Allocation of Losses: Any Realized Losses on the Mortgage Loans will be allocated on any Distribution Date, first, to Net
Monthly Excess Cashflow and Net Swap Payments received from the Swap Provider, if any, second, to
the Class CE Certificates, third, to the Class M-9 Certificates, fourth, to the Class M-8
Certificates, fifth, to the Class M-7 Certificates, sixth, to the Class M-6 Certificates, seventh,
to the Class M-5 Certificates, eighth, to the Class M-4 Certificates, ninth, to the Class M-3
Certificates, tenth, to the Class M-2 Certificates and eleventh, to the Class M-1 Certificates.
There will be no allocation of Realized Losses to the Class A Certificates. Investors in the Class
A Certificates should note, however, that although Realized Losses cannot be allocated to such
Certificates, under certain loss scenarios there may not be enough principal and interest on the
Mortgage Loans to distribute to the holders of the Class A Certificates all principal and interest
amounts to which they are then entitled.
Once Realized Losses have been allocated to the Mezzanine Certificates, such amounts with respect
to such Certificates will no longer accrue interest and such amounts will not be reinstated
thereafter. However, the amount of any Realized Losses allocated to the Mezzanine Certificates may
be distributed to such certificates on a subordinated basis on any Distribution Date from Net
Monthly Excess Cashflow, if any is available for such Distribution Date, and any Net Swap Payments
paid by the Swap Provider.
Required Overcollateralization refers to the amount by which the aggregate principal balance of the Mortgage
Overcollateralization Loans exceeds the aggregate certificate principal balance of the Certificates. This excess (the
Amount: "Overcollateralization Amount") is intended to protect the certificateholders against shortfalls in
payments on the Certificates. The Required Overcollateralization Amount for the Certificates,
which will be fully established at issuance, is anticipated to be approximately 3.70% of the
aggregate principal balance of the Mortgage Loans as of the Cut-off Date. On or after the Stepdown
Date and provided that a trigger event is not in effect, the Required Overcollateralization Amount
may be permitted to decrease to approximately 7.40% of the aggregate principal balance of the
Mortgage Loans as of the last day of the related Due Period, subject to a floor amount of
approximately 0.50% of the aggregate outstanding principal balance of the Mortgage Loans as of the
Cut-off Date. If, due to losses, the Overcollateralization Amount is reduced below the Required
Overcollateralization Amount, excess spread, if any is available will be paid to the Certificates
then entitled to receive distributions in respect of principal in order to reduce the certificate
principal balance of such Certificates to the extent necessary to reach the Required
Overcollateralization Amount. In addition, Net Swap Payments paid by the Swap Provider may be used
to restore or maintain the Required Overcollateralization Amount.
Overcollateralization An Overcollateralization Increase Amount for any Distribution Date is the lesser of (i) the Net
Increase Amount: Monthly Excess Cashflow and Net Swap Payments received from the Swap Provider, if any, for that
Distribution Date and (ii) the excess of the Required Overcollateralization Amount over the current
Overcollateralization Amount.
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The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
6
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
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Transaction Overview (Cont.)
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Overcollateralization Reduction An Overcollateralization Reduction Amount for any Distribution Date is the amount by which the
Amount: current Overcollateralization Amount exceeds the Required Overcollateralization Amount after taking
into account all other distributions to be made on the Distribution Date limited to the distribution
of principal on the Mortgage Loans.
Stepdown Date: Is the earlier of (i) the first Distribution Date following the distribution date on which the
aggregate certificate principal balances of the Class A Certificates have been reduced to zero and
(ii) the later to occur of (x) the Distribution Date occurring in March 2010 and (y) the first
Distribution Date on which the Credit Enhancement Percentage (calculated for this purpose only after
taking into account distributions of principal on the Mortgage Loans, but prior to any distribution
of principal to the holders of the Certificates) is equal to or greater than approximately 43.80%.
Credit Enhancement Percentage: As of the Closing Date the Initial Credit Enhancement Percentage is as set forth below
under the heading "Initial CE %". The Credit Enhancement Percentage for any class and any
Distribution Date is the percentage obtained by dividing (x) the aggregate certificate principal
balance of the class or classes subordinate thereto (which includes the Overcollateralization
Amount) by (y) the aggregate principal balance of the Mortgage Loans, calculated after giving effect
to scheduled payments of principal due during the related Due Period, to the extent received or
advanced, and unscheduled collections of principal received during the related Prepayment Period and
distribution of the Principal Distribution Amount to the holders of the certificates then entitled
to distributions of principal on the Distribution Date.
Class (S/M) Initial CE % CE % On/After Step Down Date
----- ----- ------------ ----------------------------
A AAA / Aaa 21.90% 43.80%
M-1 [AA+ ]/ Aa1 18.10% 36.20%
M-2 [AA+]/Aa2 14.65% 29.30%
M-3 [AA]/Aa3 12.70% 25.40%
M-4 [AA]/A1 10.90% 21.80%
M-5 [AA]-/A2 9.20% 18.40%
M-6 [A+]/A3 7.55% 15.10%
M-7 [A-]/Baa1 6.10% 12.20%
M-8 [BBB+]/Baa2 4.70% 9.40%
M-9 [BBB]/Baa3 3.70% 7.40%
Net Monthly Excess Cashflow: For any Distribution Date is equal to the sum of (i) any Overcollateralization Reduction Amount and
(ii) the excess of the Available Distribution Amount, net of any Net Swap Payment and the Swap
Termination Payment, if any, required to be made by the Securities Administrator, on behalf of the
supplemental interest trust (not caused by the occurrence of a Swap Provider trigger event)
(described below), to the Swap Provider under the Swap Agreement, over the sum of (w) with respect
to the Class A Certificates, the Senior Interest Distribution Amount for such Distribution Date, (x)
with respect to the Mezzanine Certificates, the Interest Distribution Amount for such Distribution
Date and (y) the amount of principal remittance required to be distributed to the holders of the
certificates on such Distribution Date.
Net WAC Pass-Through Rate: Class A-1 Certificates or Class A-2 Certificates: The per annum rate (subject to adjustment based on
the actual number of days elapsed in the related Interest Accrual Period) equal to the product of 12
and a fraction, expressed as a percentage, the numerator of which is the difference of (a) the
amount of interest which accrued on the Mortgage Loans in the related loan group in the prior
calendar month minus the fees payable to the Servicer, the Master Servicer and the Credit Risk
Manager with respect to the related Mortgage Loans for such Distribution Date over (b) the Group I
Allocation Percentage or Group II Allocation Percentage, as applicable, of any Net Swap Payment or
Swap Termination Payment made to the Swap Provider (not caused by the occurrence of a Swap Provider
trigger event) for such Distribution Date and the denominator of which is the aggregate principal
balance of the Mortgage Loans in the related loan group as of the last day of the immediately
preceding Due Period (or as of the Cut-off Date with respect to the first Distribution Date), after
giving effect to principal prepayments received during the related Prepayment Period.
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The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
7
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
Transaction Overview (Cont.)
- --------------------------------------------------------------------------------------------------------------------------------
Net WAC Pass-Through Rate Mezzanine Certificates: The per annum rate equal to (x) the weighted average (weighted in
(Continued): proportion to the results of subtracting from the aggregate principal balance of each loan
group, the current certificate principal balance of the related Class A Certificates) of (i) the
Net WAC Pass-Through Rate for the Class A-1 Certificates and (ii) the Net WAC Pass-Through Rate
for the Class A-2 Certificates.
Group I Allocation Percentage: The aggregate principal balance of the Group I Mortgage Loans
divided by the sum of the aggregate principal balance of the Group I Mortgage Loans and the
Group II Mortgage Loans.
Group II Allocation Percentage: The aggregate principal balance of the Group II
Mortgage Loans divided by the sum of the aggregate principal balance of the Group I Mortgage
Loans and the Group II Mortgage Loans.
Net WAC Rate Carryover If on any Distribution Date the Pass-Through Rate for any class of the Series
Amount: 2007-ASAP1 Certificates is limited by the related Net WAC Pass-Through Rate, such class will be
entitled to the "Net WAC Rate Carryover Amount" which will be equal to the sum of (i) the excess
of (a) the amount of interest that would have accrued on such class based on one-month LIBOR
plus the related margin over (b) the amount of interest accrued on such class based on the
related Net WAC Pass-Through Rate and (ii) the unpaid portion of any related Net WAC Rate
Carryover Amount from the prior Distribution Date together with interest accrued on such unpaid
portion at a rate equal to one-month LIBOR plus the related margin for the most recently ended
Interest Accrual Period. Any Net WAC Rate Carryover Amount will be paid on such Distribution
Date or future Distribution Dates to the extent of funds available. The Net WAC Rate Carryover
Amount will be distributed from certain amounts received by the Securities Administrator, on
behalf of the Supplemental Interest Trust (described below), under the Swap Agreement, if any,
and from the Net Monthly Excess Cashflow on a subordinated basis on the same Distribution Date
or on any subsequent Distribution Date to the extent of available funds. The ratings on each
class of Certificates do not address the likelihood of the payment of any Net WAC Rate Carryover
Amount from Net Monthly Excess Cashflow.
Group I Cap Agreement: On the Closing Date, the Trustee will enter into a "Group I Cap Agreement" which will be
effective commencing on the Distribution Date in March 2007 and ending immediately following the
Distribution Date in August 2007 to make payments in respect of any Net WAC Rate Carryover
Amounts in respect of the Class A-1 and Mezzanine Certificates as described herein. The Group I
Cap Agreement requires a cap payment in an amount equal to the product of: (1) the excess, if
any, of one-month LIBOR over a strike rate of [7.50]% for the related Distribution Date; (2) the
related scheduled notional amount, which is based on the lesser of (i) the expected amortization
of the Group I Mortgage Loans and (ii) the aggregate Certificate Principal Balance of the Class
A-1 Certificates, Mezzanine Certificates and Class CE Certificates, and (3) a fraction, the
numerator of which is the actual number of days elapsed from the previous Distribution Date to
but excluding the current Distribution Date (or, for the first Distribution Date, the actual
number of days elapsed from the Closing Date to but excluding the first Distribution Date), and
the denominator of which is 360.
- --------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
8
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
Transaction Overview (Cont.)
- --------------------------------------------------------------------------------------------------------------------------------
Group II Cap Agreement: On the Closing Date, the Trustee will enter into a "Group II Cap Agreement" which will be
effective commencing on the Distribution Date in March 2007 and ending immediately following
the Distribution Date in August 2007 to make payments in respect of any Net WAC Rate
Carryover Amounts in respect of the Class A-2A, Class A-2B, Class A-2C, Class A-2D and
Mezzanine Certificates as described herein. The Group II Cap Agreement requires a cap payment
in an amount equal to the product of: (1) the excess, if any, of one-month LIBOR over a
strike rate of [7.50]% for the related Distribution Date; (2) the related scheduled notional
amount, which is based on the lesser of (i) the expected amortization of the Group II
Mortgage Loans and (ii) the aggregate Certificate Principal Balance of the Class A-2A, Class
A-2B, Class A-2C, Class A-2D and Mezzanine Certificates, and Class CE Certificates, and (3) a
fraction, the numerator of which is the actual number of days elapsed from the previous
Distribution Date to but excluding the current Distribution Date (or, for the first
Distribution Date, the actual number of days elapsed from the Closing Date to but excluding
the first Distribution Date), and the denominator of which is 360.
Swap Agreement: On the Closing Date, the Trustee will enter into a Swap Agreement with the Swap Provider
described in the final prospectus supplement. The Swap Agreement will have an initial
notional amount of $738,019,064. Beginning with the Distribution Date in September 2007, the
Trust (through a supplemental interest trust) will be obligated to pay an amount equal to
[4.80]% per annum on the notional amount as set forth in the Swap Agreement to the Swap
Provider and the Swap Provider will be obligated to pay to the supplemental interest trust,
for the benefit of the holders of the Offered Certificates, an amount equal to one-month
LIBOR on the notional amount as set forth in the Swap Agreement until the Swap Agreement is
terminated. Only the net amount of the two obligations will be paid by the appropriate party
(the "Net Swap Payment"). See the attached schedule.
A separate trust created under the pooling and servicing agreement (the "Supplemental
Interest Trust") will hold the Swap Agreement. The Swap Agreement and any payments made by
the Swap Provider thereunder will be assets of the Supplemental Interest Trust but will not
be assets of any REMIC.
Upon early termination of the Swap Agreement, the Supplemental Interest Trust or the Swap
Provider may be liable to make a termination payment (the "Swap Termination Payment") to the
other party (regardless of which party caused the termination). The Swap Termination Payment
will be computed in accordance with the procedures set forth in the Swap Agreement. In the
event that the Securities Administrator, on behalf of the Supplemental Interest Trust, is
required to make a Swap Termination Payment, that payment will be paid on the related
Distribution Date, and on any subsequent Distribution Dates until paid in full, generally,
prior to distributions to Certificate holders.
Available Distribution For any Distribution Date, net of the administrative fees, an amount equal to (i) the
Amount: aggregate amount of scheduled monthly payments on the Mortgage Loans due on the related Due
Date and received on or prior to the related Determination Date; (ii) unscheduled payments in
respect of the Mortgage Loans (including prepayments, insurance proceeds, liquidation
proceeds, subsequent recoveries and proceeds from repurchases of and substitutions for the
Mortgage Loans occurring during the related Prepayment Period or proceeds from the repurchase
of the Mortgage Loans due to the Optional Termination of the Trust); (iii) all P&I Advances
with respect to the Mortgage Loans received for the Distribution Date; (iv) all Compensating
Interest paid by the Servicer or the Master Servicer in respect of Prepayment Interest
Shortfalls for the related Due Period; and (v) Net Swap Payments payable by the Swap
Provider.
- --------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
9
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------
Transaction Overview (Cont.)
- -------------------------------------------------------------------------------------------------------------------------------
Class A Principal Until the Stepdown Date, the Class A Principal Distribution Amount will be distributed to the
Distribution Amount: holders of the Class A-1 Certificates and the Class A-2 Certificates concurrently, on a pro rata
basis based on the related Class A principal allocation percentage (for any Distribution Date,
the percentage equivalent of a fraction, the numerator of which is the principal remittance
amount for the Group I Mortgage Loans (in the case of the Class A-1 Certificates) or the
principal remittance amount for the Group II Mortgage Loans (in the case of the Class A-2
Certificates) and the denominator of which is equal to the principal remittance amount for all
of the Mortgage Loans).
Until the Stepdown Date, or if a Trigger Event occurs, the Class A Certificates will receive the
principal collected on the Mortgage Loans plus any excess interest and any net swap payment
received required to maintain the Required Overcollateralization Amount until the aggregate
certificate principal balance of the Class A Certificates has been reduced to zero. On or after
the Stepdown Date, if no Trigger Event occurs, principal paid on the Class A Certificates will
be an amount such that the Class A Certificates will maintain approximately a 43.80% Credit
Enhancement Percentage (2x the Class A Initial Credit Enhancement Percentage). The Class A
Principal Distribution Amount will be distributed to the holders of the Class A-1 Certificates
and the Class A-2 Certificates to the extent of their respective group-based principal
distribution amount.
Principal distributions to the Class A-2 Certificates will be allocated sequentially to
the Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates, in that order, until the
certificate principal balance of each such class has been reduced to zero; provided, however, on
any Distribution Date on which the aggregate certificate principal balance of the Mezzanine
Certificates has been reduced to zero, all principal distributions will be distributed to the
Class A-2 Certificates concurrently, on a pro rata basis, based on the certificate principal
balance of each such class, until the certificate principal balance of each such class has been
reduced to zero.
Class M Principal Generally, the Mezzanine Certificates will not receive any principal payments until the Stepdown
Distribution Amount: Date. On or after the Stepdown Date (if no Trigger Event occurs), principal will be paid to the
Mezzanine Certificates, first to the Class M-1 Certificates until it reaches approximately a
36.20% Credit Enhancement Percentage (2x the Class M-1 Initial Credit Enhancement Percentage),
second to the Class M-2 Certificates until it reaches approximately a 29.30% Credit Enhancement
Percentage (2x the Class M-2 Initial Credit Enhancement Percentage), third to the Class M-3
Certificates until it reaches approximately a 25.40% Credit Enhancement Percentage (2x the Class
M-3 Initial Credit Enhancement Percentage), fourth to the Class M-4 Certificates until it
reaches approximately a 21.80% Credit Enhancement Percentage (2x the Class M-4 Initial Credit
Enhancement Percentage), fifth to the Class M-5 Certificates until it reaches approximately a
18.40% Credit Enhancement Percentage (2x the Class M-5 Initial Credit Enhancement Percentage),
sixth to the Class M-6 Certificates until it reaches approximately a 15.10% Credit Enhancement
Percentage (2x the Class M-6 Initial Credit Enhancement Percentage), seventh to the Class M-7
Certificates until it reaches approximately a 12.20% Credit Enhancement Percentage (2x the Class
M-7 Initial Credit Enhancement Percentage), eighth to the Class M-8 Certificates until it
reaches approximately a 9.40% Credit Enhancement Percentage (2x the Class M-8 Initial Credit
Enhancement Percentage), and ninth to the Class M-9 Certificates until it reaches approximately
a 7.40% Credit Enhancement Percentage (2x the Class M-9 Initial Credit Enhancement Percentage).
- -------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
10
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------------
Transaction Overview (Cont.)
- ------------------------------------------------------------------------------------------------------------------------------------------
Coupon Step-up: On the Distribution Date following the first possible optional termination date, the margins on the Class
A Certificates and the Mezzanine Certificates will increase to the following, provided that the
pass-through rate on the certificates will still be subject to the applicable Net WAC Pass-Through Rate.
Class After Optional Termination
----- --------------------------
A 2 x related Margin
M The lesser of 1.5 x related Margin and related Margin plus 0.50%
Trigger Event: If either the Delinquency Test or Cumulative Loss Test is violated.
Delinquency Test: The determination on any Distribution Date that the percentage obtained by dividing (x) the principal
amount of (1) Mortgage Loans delinquent 60 days or more, (2) Mortgage Loans in foreclosure, (3) REO
Properties and (4) Mortgage Loans discharged due to bankruptcy by (y) the aggregate principal balance of
the Mortgage Loans, in each case, as of the last day of the previous calendar month, exceeds 36.50% of
the Credit Enhancement Percentage of the Class A Certificates.
Cumulative Loss Test: The determination on any Distribution Date that the aggregate amount of Realized Losses incurred since
the Cut-off Date through the last day of the related Due Period divided by the aggregate principal
balance of the Mortgage Loans as of the Cut-off Date exceeds the applicable percentages set forth below
with respect to such Distribution Date:
Distribution Date Occurring in Percentage
------------------------------ ----------
March 2009 to February 2010 1.55%, plus 1/12th of 1.95% for each month thereafter
March 2010 to February 2011 3.50%, plus 1/12th of 1.95% for each month thereafter
March 2011 to February 2012 5.45%, plus 1/12th of 1.60% for each month thereafter
March 2012 to February 2013 7.05%, plus 1/12th of 0.85% for each month thereafter
March 2013 to Feburary 2014 7.90%, plus 1/12th of 0.05% for each month thereafter
March 2014 and thereafter 7.95%
- ------------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
11
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------------
Transaction Overview (Cont.)
- ---------------------------------------------------------------------------------------------------------------------------------------
Payment Priority: I. On each Distribution Date, the Available Distribution Amount (net of any Net Swap Payments payable
by the Swap Provider) will be distributed as follows:
1. Commencing on the Distribution Date occurring in September 2007, to the Supplemental Interest
Trust, to pay any Net Swap Payment or the Swap Termination Payment (not caused by a Swap Provider
Trigger Event (as defined in the Swap Agreement)) owed to the Swap Provider.
2. To pay interest to the Class A Certificates, pro rata, including any accrued unpaid interest
from a prior Distribution Date, then to pay interest excluding any accrued unpaid interest from a
prior Distribution Date to the Mezzanine Certificates, on a sequential basis.
3. To pay principal to the Class A Certificates in accordance with the principal payment
provisions described above.
4. To pay principal to the Mezzanine Certificates in accordance with the principal payment
provisions described above.
5. From excess interest, if any, to the certificates then entitled to receive distributions in
respect of principal in order to reduce the certificate principal balance of the certificates to
the extent necessary to restore or maintain the Required Overcollateralization Amount.
6. From excess interest, if any, to pay the Interest Carry Forward Amounts on the Mezzanine
Certificates, on a sequential basis.
7. From excess interest, if any, to pay the allocated Realized Losses on the Mezzanine
Certificates, on a sequential basis.
8. From excess interest, if any, to pay the Net WAC Rate Carryover Amount on the Class A
Certificates and the Mezzanine Certificates in the same order of priority as described in 2 above.
9. From excess interest, if any, commencing on the Distribution Date occurring in September
2007, to pay the Swap Termination Payment (caused by a Swap Provider Trigger Event under the Swap
Agreement) owed to the Swap Provider.
10. To pay any remaining amount to the Non-offered Certificates in accordance with the Pooling
and Servicing Agreement.
II. Commencing on the Distribution Date occurring in September 2007, any Net Swap Payments on deposit
in the Supplemental Interest Trust will be paid as follows:
1. To pay any Net Swap Payment or the Swap Termination Payment (not caused by a Swap Provider
Trigger Event (as defined in the Swap Agreement)) owed to the Swap Provider.
2. To pay any unpaid interest on the Class A Certificates including any accrued unpaid interest
from a prior Distribution Date, on a pro rata basis, and then to pay any unpaid interest
including any accrued unpaid interest from prior Distribution Dates to the Mezzanine
Certificates, sequentially.
3. To pay any unpaid allocated Realized Losses* remaining unpaid on the Mezzanine Certificates,
sequentially.
4. To pay any principal to the Offered Certificates in accordance with the principal payment
provisions described above in an amount necessary to restore or maintain the Required
Overcollateralization Amount.*
5. To pay the Net WAC Rate Carryover Amount on the Offered Certificates remaining unpaid in the
same order of priority as described above.
6. To pay the Swap Termination Payment (caused by a Swap Provider Trigger Event under the Swap
Agreement) owed to the Swap Provider.
7. To pay any remaining amount to the Class CE Certificates.
* Notwithstanding the foregoing, the cumulative amount paid pursuant to clauses 3 and 4 shall at no
time be permitted to exceed the cumulative amount of realized losses incurred on the Mortgage Loans
from and after the Cut-Off Date.
- ---------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
12
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------------
Transaction Overview (Cont.)
- ---------------------------------------------------------------------------------------------------------------------------------------
ERISA: It is expected that the Offered Certificates may be purchased by, or with the assets of, employee
benefit plans subject to the Employee Retirement Income Security Act of 1974, as amended ("ERISA") or
plans or arrangements subject to section 4975 of the Internal Revenue Code (each, a "Plan"). Prior to
the termination of the Supplemental Interest Trust, Plans or persons using assets of a Plan may
purchase the Offered Certificates if the purchase and holding meets the requirements of an
investor-based class exemption issued by the Department of Labor. Investors should consult with their
counsel with respect to the consequences under ERISA and the Internal Revenue Code of a Plan's
acquisition and ownership of such certificates.
Legal Investment: The Offered Certificates will not constitute "mortgage related securities" for purposes of the
Secondary Mortgage Market Enhancement Act of 1984.
Taxation - REMIC: One or more REMIC elections will be made for designated portions of the Trust (exclusive of the
reserve fund, the Group I Cap Agreement, the Group II Cap Agreement, certain shortfall payments or
payments from the Supplemental Interest Trust or the obligation to make payments to the Supplemental
Interest Trust pursuant to the Swap Agreement).
Form of Registration: Book-entry form through DTC, Clearstream and Euroclear.
Minimum Denominations: $25,000 and integral multiples of $1 in excess thereof.
- ---------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
13
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
Cap Schedules
- ----------------------------------------------------------- ---------------------------------------------------------------
Group I Cap Schedule Group II Cap Schedule
Payment Date Notional Amount ($) Strike Rate (%) Payment Date Notional Amount ($) Strike Rate (%)
- ----------------------------------------------------------- ---------------------------------------------------------------
3/25/2007 364,444,648 7.50 3/25/2007 464,770,264 7.50
4/25/2007 361,483,693 7.50 4/25/2007 461,101,462 7.50
5/25/2007 357,902,756 7.50 5/25/2007 456,645,091 7.50
6/25/2007 353,706,781 7.50 6/25/2007 451,406,948 7.50
7/25/2007 348,703,874 7.50 7/25/2007 445,396,823 7.50
8/25/2007 343,505,347 7.50 8/25/2007 438,628,667 7.50
- ----------------------------------------------------------- ---------------------------------------------------------------
Swap Schedule
- ------------------------------------------------------------------------------------------------------
Distribution Date Notional Schedule ($) Distribution Date Notional Schedule ($)
- ------------------------------------------------------------------------------------------------------
9/25/2007 738,019,064 12/25/2009 159,994,002
10/25/2007 715,587,468 1/25/2010 153,071,583
11/25/2007 691,374,736 2/25/2010 146,456,715
12/25/2007 665,648,170 3/25/2010 140,133,942
1/25/2008 638,714,700 4/25/2010 134,089,983
2/25/2008 612,628,027 5/25/2010 128,312,289
3/25/2008 587,600,195 6/25/2010 122,788,897
4/25/2008 563,599,229 7/25/2010 117,508,397
5/25/2008 540,582,821 8/25/2010 112,459,947
6/25/2008 518,510,414 9/25/2010 107,633,094
7/25/2008 497,343,209 10/25/2010 103,017,903
8/25/2008 477,043,851 11/25/2010 98,604,903
9/25/2008 457,490,714 12/25/2010 94,385,055
10/25/2008 438,698,247 1/25/2011 90,349,733
11/25/2008 420,400,086 2/25/2011 86,490,702
12/25/2008 399,729,443 3/25/2011 82,800,102
1/25/2009 346,653,625 4/25/2011 79,270,423
2/25/2009 300,053,365 5/25/2011 75,894,506
3/25/2009 261,038,561 6/25/2011 72,665,510
4/25/2009 229,774,251 7/25/2011 69,576,910
5/25/2009 218,431,400 8/25/2011 66,622,467
6/25/2009 208,812,881 9/25/2011 63,796,234
7/25/2009 199,725,756 10/25/2011 61,092,494
8/25/2009 191,042,611 11/25/2011 58,505,833
9/25/2009 182,744,913 12/25/2011 56,031,033
10/25/2009 174,815,202 1/25/2012 53,662,963
11/25/2009 167,236,850 2/25/2012 51,390,117
- ------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
14
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
Sensitivity Table
To 10% Call
-------------------------------------------------------------------------------------------------------
Fixed}} 0% PPC 55% PPC 100% PPC 125% PPC 160% PPC
Arm}} 0% PPC 55% PPC 100% PPC 125% PPC 160% PPC
-------------------------------------------------------------------------------------------------------
A-1 Avg Life 21.31 4.32| 2.29| 1.61 1.22
First Payment Date Mar-07 Mar-07| Mar-07| Mar-07 Mar-07
Last Payment Date Dec-36 Mar-20| Feb-14| Jun-12 Aug-09
| |
A-2A Avg Life 14.66 1.55| 1.00| 0.83 0.68
First Payment Date Mar-07 Mar-07| Mar-07| Mar-07 Mar-07
Last Payment Date Sep-28 Feb-10| Dec-08| Sep-08 May-08
| |
A-2B Avg Life 23.33 3.74| 2.00| 1.76 1.46
First Payment Date Sep-28 Feb-10| Dec-08| Sep-08 May-08
Last Payment Date Jul-32 Jan-12| Jun-09| Feb-09 Nov-08
| |
A-2C Avg Life 27.18 6.61| 3.00| 2.09 1.83
First Payment Date Jul-32 Jan-12| Jun-09| Feb-09 Nov-08
Last Payment Date Dec-35 Dec-15| Oct-11| Jul-09 Feb-09
| |
A-2D Avg Life 29.59 11.75| 6.22| 3.64 2.15
First Payment Date Dec-35 Dec-15| Oct-11| Jul-09 Feb-09
Last Payment Date Dec-36 Mar-20| Feb-14| Jun-12 Sep-09
| |
M-1 Avg Life 28.19 8.57| 4.91| 5.13 3.53
First Payment Date Jan-32 Mar-11| Nov-10| Nov-11 Sep-09
Last Payment Date Dec-36 Mar-20| Feb-14| Jun-12 Jan-11
| |
M-2 Avg Life 28.18 8.57| 4.81| 4.59 3.87
First Payment Date Dec-31 Mar-11| Aug-10| Apr-11 Jan-11
Last Payment Date Dec-36 Mar-20| Feb-14| Jun-12 Jan-11
| |
M-3 Avg Life 28.18 8.57| 4.75| 4.32 3.82
First Payment Date Dec-31 Mar-11| Jul-10| Jan-11 Nov-10
Last Payment Date Dec-36 Mar-20| Feb-14| Jun-12 Jan-11
| |
M-4 Avg Life 28.18 8.57| 4.72| 4.18 3.61
First Payment Date Dec-31 Mar-11| Jun-10| Nov-10 Aug-10
Last Payment Date Dec-36 Mar-20| Feb-14| Jun-12 Jan-11
| |
M-5 Avg Life 28.18 8.57| 4.70| 4.08 3.44
First Payment Date Dec-31 Mar-11| Jun-10| Sep-10 May-10
Last Payment Date Dec-36 Mar-20| Feb-14| Jun-12 Jan-11
-------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
15
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
Sensitivity Table
To 10% Call (Continued)
-------------------------------------------------------------------------------------------------------
Fixed}} 0% PPC 55% PPC 100% PPC 125% PPC 160% PPC
Arm}} 0% PPC 55% PPC 100% PPC 125% PPC 160% PPC
-------------------------------------------------------------------------------------------------------
M-6 Avg Life 28.18 8.57| 4.67| 4.01 3.32
First Payment Date Dec-31 Mar-11| May-10| Jul-10 Mar-10
Last Payment Date Dec-36 Mar-20| Feb-14| Jun-12 Jan-11
| |
M-7 Avg Life 28.18 8.57| 4.66| 3.94 3.22
First Payment Date Dec-31 Mar-11| Apr-10| Jun-10 Feb-10
Last Payment Date Dec-36 Mar-20| Feb-14| Jun-12 Jan-11
| |
M-8 Avg Life 28.18 8.57| 4.65| 3.89 3.15
First Payment Date Nov-31 Mar-11| Apr-10| May-10 Jan-10
Last Payment Date Dec-36 Mar-20| Feb-14| Jun-12 Jan-11
| |
M-9 Avg Life 28.18 8.57| 4.65| 3.86 3.09
First Payment Date Nov-31 Mar-11| Apr-10| May-10 Dec-09
Last Payment Date Dec-36 Mar-20| Feb-14| Jun-12 Jan-11
-------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
16
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
Sensitivity Table
To Maturity
-------------------------------------------------------------------------------------------------------
Fixed}} 0% PPC 55% PPC 100% PPC 125% PPC 160% PPC
Arm}} 0% PPC 55% PPC 100% PPC 125% PPC 160% PPC
-------------------------------------------------------------------------------------------------------
A-1 Avg Life 21.31 4.64| 2.49| 1.76 1.22
First Payment Date Mar-07 Mar-07| Mar-07| Mar-07 Mar-07
Last Payment Date Jan-37 Jul-33| Oct-22| Jul-19 Aug-09
| |
A-2A Avg Life 14.66 1.55| 1.00| 0.83 0.68
First Payment Date Mar-07 Mar-07| Mar-07| Mar-07 Mar-07
Last Payment Date Sep-28 Feb-10| Dec-08| Sep-08 May-08
| |
A-2B Avg Life 23.33 3.74| 2.00| 1.76 1.46
First Payment Date Sep-28 Feb-10| Dec-08| Sep-08 May-08
Last Payment Date Jul-32 Jan-12| Jun-09| Feb-09 Nov-08
| |
A-2C Avg Life 27.18 6.61| 3.00| 2.09 1.83
First Payment Date Jul-32 Jan-12| Jun-09| Feb-09 Nov-08
Last Payment Date Dec-35 Dec-15| Oct-11| Jul-09 Feb-09
| |
A-2D Avg Life 29.59 13.72| 7.51| 4.63 2.15
First Payment Date Dec-35 Dec-15| Oct-11| Jul-09 Feb-09
Last Payment Date Jan-37 Feb-33| Oct-22| Sep-19 Sep-09
| |
M-1 Avg Life 28.19 9.40| 5.43| 5.63 5.68
First Payment Date Jan-32 Mar-11| Nov-10| Nov-11 Sep-09
Last Payment Date Jan-37 Jun-30| Sep-20| Aug-17 May-16
| |
M-2 Avg Life 28.19 9.38| 5.31| 4.98 4.76
First Payment Date Dec-31 Mar-11| Aug-10| Apr-11 Mar-11
Last Payment Date Jan-37 Jun-29| Feb-20| Feb-17 Jul-14
| |
M-3 Avg Life 28.19 9.35| 5.24| 4.70 4.14
First Payment Date Dec-31 Mar-11| Jul-10| Jan-11 Nov-10
Last Payment Date Jan-37 Jul-28| Jun-19| Aug-16 Feb-14
| |
M-4 Avg Life 28.18 9.33| 5.19| 4.55 3.89
First Payment Date Dec-31 Mar-11| Jun-10| Nov-10 Aug-10
Last Payment Date Dec-36 Nov-27| Jan-19| Apr-16 Nov-13
| |
M-5 Avg Life 28.18 9.29| 5.15| 4.43 3.70
First Payment Date Dec-31 Mar-11| Jun-10| Sep-10 May-10
Last Payment Date Dec-36 Mar-27| Jul-18| Dec-15 Aug-13
-------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
17
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
Sensitivity Table
To Maturity (Continued)
-------------------------------------------------------------------------------------------------------
Fixed}} 0% PPC 55% PPC| 100% PPC| 125% PPC 160% PPC
Arm}} 0% PPC 55% PPC| 100% PPC| 125% PPC 160% PPC
| |
-------------------------------------------------------------------------------------------------------
M-6 Avg Life 28.18 9.24| 5.09| 4.33 3.56
First Payment Date Dec-31 Mar-11| May-10| Jul-10 Mar-10
Last Payment Date Dec-36 May-26| Jan-18| Jul-15 Apr-13
| |
M-7 Avg Life 28.18 9.18| 5.04| 4.23 3.44
First Payment Date Dec-31 Mar-11| Apr-10| Jun-10 Feb-10
Last Payment Date Dec-36 Jun-25| Jun-17| Jan-15 Dec-12
| |
M-8 Avg Life 28.18 9.08| 4.96| 4.14 3.34
First Payment Date Nov-31 Mar-11| Apr-10| May-10 Jan-10
Last Payment Date Dec-36 May-24| Oct-16| Jul-14 Aug-12
| |
M-9 Avg Life 28.18 8.97| 4.88| 4.04 3.23
First Payment Date Nov-31 Mar-11| Apr-10| May-10 Dec-09
Last Payment Date Dec-36 Feb-23| Dec-15| Nov-13 Feb-12
-------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
18
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------
Effective Available Funds Schedule*
Net WAC Net WAC Net WAC
Pass-Through Pass-Through Pass-Through
Period Date Rate Class A-1 Rate Class A-2 Rate Mezz (%)
(%) (%)
-------------------------------------------------------------------------
1 3/25/2007 31.965 31.130 31.497
2 4/25/2007 20.035 19.710 19.853
3 5/25/2007 20.285 19.950 20.097
4 6/25/2007 20.034 19.708 19.851
5 7/25/2007 20.285 19.948 20.096
6 8/25/2007 20.033 19.706 19.850
7 9/25/2007 22.044 21.716 21.860
8 10/25/2007 21.974 21.635 21.784
9 11/25/2007 21.692 21.363 21.508
10 12/25/2007 21.589 21.249 21.398
11 1/25/2008 21.268 20.937 21.083
12 2/25/2008 21.048 20.721 20.865
13 3/25/2008 21.054 20.705 20.858
14 4/25/2008 20.618 20.292 20.435
15 5/25/2008 20.521 20.184 20.332
16 6/25/2008 20.203 19.878 20.021
17 7/25/2008 20.136 19.782 19.937
18 8/25/2008 19.819 19.478 19.628
19 9/25/2008 19.640 19.302 19.451
20 10/25/2008 19.572 19.240 19.386
21 11/25/2008 19.281 18.944 19.092
22 12/25/2008 19.464 19.153 19.290
23 1/25/2009 19.814 19.288 19.520
24 2/25/2009 18.991 18.502 18.717
25 3/25/2009 18.940 18.396 18.635
26 4/25/2009 17.639 17.155 17.368
27 5/25/2009 17.696 17.192 17.414
28 6/25/2009 17.428 16.954 17.163
29 7/25/2009 17.980 17.409 17.660
30 8/25/2009 17.612 17.071 17.309
31 9/25/2009 17.487 16.946 17.184
32 10/25/2009 17.603 17.050 17.293
33 11/25/2009 17.240 16.706 16.941
34 12/25/2009 17.527 16.932 17.194
35 1/25/2010 17.858 17.259 17.522
36 2/25/2010 17.757 17.229 17.461
37 3/25/2010 18.554 17.965 18.224
38 4/25/2010 17.530 17.004 17.235 *Running to Call
39 5/25/2010 17.707 17.161 17.401 *PPC: 100% (ARM); PPC: 100% (Fixed)
40 6/25/2010 17.421 16.887 17.122 *1 Month LIBOR: 20%
41 7/25/2010 18.135 17.523 17.792 *6 Month Libor: 20%
*Includes Net Swap Payments received
from the Swap Provider and includes
42 8/25/2010 17.727 17.166 17.413 Cap Proceeds
-------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
19
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------
Effective Available Funds Schedule* (cont.)
Net WAC Net WAC Net WAC
Pass-Through Pass-Through Pass-Through
Period Date Rate Class A-1 Rate Class A-2 Rate Mezz (%)
(%) (%)
-------------------------------------------------------------------------
43 9/25/2010 17.623 17.057 17.306
44 10/25/2010 17.824 17.242 17.498
45 11/25/2010 17.409 16.846 17.094
46 12/25/2010 17.639 17.044 17.306
47 1/25/2011 17.311 16.753 16.999
48 2/25/2011 17.214 16.675 16.912
49 3/25/2011 18.138 17.540 17.802
50 4/25/2011 17.017 16.477 16.712
51 5/25/2011 17.240 16.683 16.925
52 6/25/2011 16.846 16.290 16.532
53 7/25/2011 17.162 16.605 16.847
54 8/25/2011 16.749 16.229 16.456
55 9/25/2011 16.660 16.139 16.366
56 10/25/2011 16.898 16.358 16.593
57 11/25/2011 16.486 15.961 16.189
58 12/25/2011 16.731 16.193 16.427
59 1/25/2012 16.350 15.821 16.051
60 2/25/2012 16.275 15.761 15.984
61 3/25/2012 12.253 11.709 11.946
62 4/25/2012 11.455 10.945 11.167
63 5/25/2012 11.829 11.301 11.530
64 6/25/2012 11.440 10.930 11.152
65 7/25/2012 11.823 11.293 11.523
66 8/25/2012 11.436 10.927 11.148
67 9/25/2012 11.428 10.921 11.142
68 10/25/2012 11.801 11.276 11.504
69 11/25/2012 11.412 10.904 11.125
70 12/25/2012 11.785 11.260 11.488
71 1/25/2013 11.406 10.895 11.117
72 2/25/2013 11.400 10.893 11.114
73 3/25/2013 12.613 12.054 12.297
74 4/25/2013 11.384 10.878 11.098
75 5/25/2013 11.756 11.232 11.459
76 6/25/2013 11.369 10.862 11.082
77 7/25/2013 11.748 11.222 11.450
78 8/25/2013 11.363 10.859 11.078
79 9/25/2013 11.355 10.852 11.070
80 10/25/2013 11.724 11.205 11.430 *Running to Call
81 11/25/2013 11.337 10.834 11.053 *PPC: 100% (ARM); PPC: 100% (Fixed)
82 12/25/2013 11.706 11.186 11.412 *1 Month LIBOR: 20%
83 1/25/2014 11.320 10.816 11.035 *6 Month Libor: 20%
*Includes Net Swap Payments received from
84 2/25/2014 11.311 10.807 11.026 the Swap Provider and includes Cap Proceeds
-------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
20
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
Excess Spread*
(Assumes Pricing Prepayment Speed, Excludes Basis Risk Shortfalls)
- ------------------------------------------------------------------------------------------------------------------------------------
Excess Excess Excess Excess
Spread in Spread in Spread in Spread in
bp 1 Month 6 Month bp bp 1 Month 6 Month bp
(Static Forward Forward (Forward (Static Forward Forward (Forward
Period LIBOR) LIBOR (%) LIBOR (%) LIBOR) Period LIBOR) LIBOR (%) LIBOR (%) LIBOR)
- ------------------------------------------------------------------------------------------------------------------------------------
1 545 5.3200 5.3300 545 45 426 4.7905 4.8752 422
- ------------------------------------------------------------------------------------------------------------------------------------
2 205 5.3324 5.2950 204 46 436 4.7896 4.8949 433
- ------------------------------------------------------------------------------------------------------------------------------------
3 223 5.3185 5.2449 223 47 425 4.7877 4.9163 427
- ------------------------------------------------------------------------------------------------------------------------------------
4 205 5.2479 5.1840 212 48 425 4.7852 4.9354 427
- ------------------------------------------------------------------------------------------------------------------------------------
5 223 5.2257 5.1305 231 49 457 4.9005 4.9558 451
- ------------------------------------------------------------------------------------------------------------------------------------
6 205 5.1778 5.0710 219 50 424 4.9016 4.9574 420
- ------------------------------------------------------------------------------------------------------------------------------------
7 248 5.1057 5.0057 248 51 434 4.9037 4.9593 430
- ------------------------------------------------------------------------------------------------------------------------------------
8 248 5.0366 4.9627 248 52 422 4.9062 4.9605 420
- ------------------------------------------------------------------------------------------------------------------------------------
9 247 4.9848 4.9213 247 53 433 4.9073 4.9624 432
- ------------------------------------------------------------------------------------------------------------------------------------
10 248 4.9109 4.8814 248 54 421 4.9087 4.9636 421
- ------------------------------------------------------------------------------------------------------------------------------------
11 246 4.8849 4.8490 247 55 420 4.9102 4.9642 421
- ------------------------------------------------------------------------------------------------------------------------------------
12 246 4.8058 4.8105 248 56 431 4.9116 4.9744 431
- ------------------------------------------------------------------------------------------------------------------------------------
13 249 4.8360 4.7835 252 57 419 4.9125 4.9832 420
- ------------------------------------------------------------------------------------------------------------------------------------
14 245 4.7964 4.7441 249 58 431 4.9144 4.9943 431
- ------------------------------------------------------------------------------------------------------------------------------------
15 247 4.7566 4.7041 252 59 421 4.9151 5.0030 424
- ------------------------------------------------------------------------------------------------------------------------------------
16 245 4.7165 4.6646 250 60 422 4.9154 5.0127 426
- ------------------------------------------------------------------------------------------------------------------------------------
17 248 4.6767 4.6257 255 61 443 4.9598 5.0237 454
- ------------------------------------------------------------------------------------------------------------------------------------
18 245 4.6352 4.5838 253 62 407 4.9613 5.0243 420
- ------------------------------------------------------------------------------------------------------------------------------------
19 247 4.5989 4.5483 256 63 424 4.9641 5.0263 436
- ------------------------------------------------------------------------------------------------------------------------------------
20 250 4.5606 4.5711 261 64 406 4.9650 5.0275 419
- ------------------------------------------------------------------------------------------------------------------------------------
21 249 4.5216 4.5988 261 65 424 4.9664 5.0292 437
- ------------------------------------------------------------------------------------------------------------------------------------
22 280 4.4857 4.6282 287 66 406 4.9686 5.0312 420
- ------------------------------------------------------------------------------------------------------------------------------------
23 395 4.4479 4.6636 386 67 406 4.9689 5.0307 420
- ------------------------------------------------------------------------------------------------------------------------------------
24 396 4.4116 4.7050 392 68 423 4.9703 5.0417 436
- ------------------------------------------------------------------------------------------------------------------------------------
25 415 4.7260 4.7459 402 69 405 4.9714 5.0526 419
- ------------------------------------------------------------------------------------------------------------------------------------
26 391 4.7150 4.7346 383 70 422 4.9724 5.0647 435
- ------------------------------------------------------------------------------------------------------------------------------------
27 399 4.7035 4.7233 391 71 404 4.9740 5.0755 420
- ------------------------------------------------------------------------------------------------------------------------------------
28 391 4.6931 4.7128 385 72 404 4.9730 5.0885 420
- ------------------------------------------------------------------------------------------------------------------------------------
29 405 4.6827 4.7025 395 73 456 5.0476 5.1000 464
- ------------------------------------------------------------------------------------------------------------------------------------
30 397 4.6714 4.6909 389 74 403 5.0491 5.1011 412
- ------------------------------------------------------------------------------------------------------------------------------------
31 396 4.6608 4.6800 390 75 420 5.0517 5.1037 429
- ------------------------------------------------------------------------------------------------------------------------------------
32 405 4.6504 4.7047 398 76 402 5.0528 5.1040 412
- ------------------------------------------------------------------------------------------------------------------------------------
33 396 4.6396 4.7306 391 77 419 5.0547 5.1055 429
- ------------------------------------------------------------------------------------------------------------------------------------
34 409 4.6296 4.7573 403 78 401 5.0566 5.1071 412
- ------------------------------------------------------------------------------------------------------------------------------------
35 429 4.6181 4.7891 426 79 401 5.0573 5.1066 411
- ------------------------------------------------------------------------------------------------------------------------------------
36 433 4.6078 4.8169 431 80 418 5.0596 5.1144 428
- ------------------------------------------------------------------------------------------------------------------------------------
37 462 4.8008 4.8472 449 81 400 5.0598 5.1225 410
- ------------------------------------------------------------------------------------------------------------------------------------
38 418 4.7997 4.8463 409 82 417 5.0611 5.1294 427
- ------------------------------------------------------------------------------------------------------------------------------------
39 431 4.7986 4.8447 422 83 399 5.0625 5.1365 411
- ------------------------------------------------------------------------------------------------------------------------------------
40 423 4.7972 4.8431 416 84 398 5.0619 5.1449 411
- ------------------------------------------------------------------------------------------------------------------------------------
41 436 4.7963 4.8423 431
- ------------------------------------------------------------------------------------------------------------------------------------
42 427 4.7950 4.8405 422
- ------------------------------------------------------------------------------------------------------------------------------------
43 427 4.7940 4.8381 422
- ------------------------------------------------------------------------------------------------------------------------------------
44 437 4.7922 4.8581 432
- ------------------------------------------------------------------------------------------------------------------------------------
* The product of 1) 120,000 and 2) a percentage, the numerator of which is aggregate net interest on the mortgage loans minus
aggregate current interest paid to the certificates and any net swap payment to the swap provider plus any net swap payment received
from the swap provider, and the denominator of which is aggregate pool balance of mortgage loans.
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
21
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
Breakeven CDR Table for the Mezzanine Certificates
--------------------------------------------------
The assumptions for the breakeven CDR table below are as follows:
- - The Pricing Assumption is applied
- - 10% cleanup call is not exercised
- - Forward Curves
- - 40% Severity
- - Interest & Principal advancing
- - 6 month recovery lag
- - Triggers Failing
The table below displays the Constant Default Rate ("CDR") and the related cumulative collateral loss before the
referenced Class incurs a writedown.
--------------------------------------------------------------------------
Class CDR Break-Even (%) Cumulative Loss (%)
--------------------------------------------------------------------------
M-1 29.71 21.99
M-2 23.72 19.15
M-3 20.72 17.53
M-4 18.15 16.01
M-5 15.91 14.58
M-6 13.81 13.14
M-7 11.96 11.78
M-8 10.37 10.53
M-9 9.57 9.87
--------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
22
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- --------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
SUMMARY - AGGREGATE POOL*
- ------------------------------------------------------------------------------------------------------------------------------
Number of Mortgage Loans 4,657|Index Type:
Aggregate Principal Balance $829,214,912| 6 Month LIBOR: 76.97%
Conforming Principal Balance Loans $640,654,938| Fixed Rate: 23.03%
Average Principal Balance: $178,058|W.A. Initial Periodic Cap: 2.985%
Range: $10,295 - $1,480,000|W.A. Subsequent Periodic Cap: 1.002%
W.A. Coupon: 8.116%|W.A. Lifetime Rate Cap: 6.002%
Range: 5.125% - 16.750%|Property Type:
W.A. Gross Margin: 5.697%| Single Family: 65.48%
Range: 2.250% - 8.260%| PUD: 26.42%
W.A. Remaining Term (months): 347| Condo: 5.77%
Range (months): 113-360| 2-4 Family: 2.33%
W.A. Seasoning (months): 2|Occupancy Status:
Latest Maturity Date: February 1, 2037| Primary: 97.66%
State Concentration (Top 5): | Investment: 1.89%
California: 31.60%| Second Home: 0.46%
Florida: 10.42%|Documentation Status:
Arizona: 6.53%| Full: 70.90%
Ohio: 3.98%| Stated: 21.56%
Texas: 3.74%| Limited: 3.92%
W.A. Original Combined LTV: 83.14%| None: 3.61%
Range: 15.09% - 100.00%|Non-Zero W.A. Prepayment Penalty-Term (months): 28
First Liens: 93.69%|Loans with Prepay Penalties: 79.90%
Second Liens: 6.31%|Interest Only Loans: 36.67%
Non-Balloon Loans: 72.68%|Non-Zero W.A. Interest Only Term (months): 60
Non-Zero W.A. FICO Score: 649|
- ------------------------------------------------------------------------------------------------------------------------------
* Subject to a permitted variance of +/- 10%
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
23
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- -----------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------------------
Collateral Type
- -------------------------------------------------------------------------------------------------------------------------------------------
Number of Aggregate % of Aggregate W.A. W.A.
Initial Mortgage Remaining Remaining W.A. Non-Zero Original
Collateral Type Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -------------------------------------------------------------------------------------------------------------------------------------------
Fixed - 15 Year 18 2,478,931 0.30 6.813 680 63.22
Fixed - 20 Year 7 321,459 0.04 11.762 636 99.99
Fixed - 30 Year 515 108,686,329 13.11 7.063 684 73.96
Balloon - 10/30 17 904,418 0.11 11.875 633 99.87
Balloon - 15/30 783 38,488,756 4.64 11.470 645 99.42
Balloon - 20/30 158 10,547,968 1.27 11.184 666 99.79
Balloon - 30/40 141 28,522,230 3.44 7.831 660 83.05
Balloon - 30/50 3 988,172 0.12 6.560 743 86.47
ARM - 6 Month 2 692,272 0.08 8.048 657 91.91
ARM - 6 Month IO 11 2,770,399 0.33 7.496 613 75.95
ARM - 1 Year/6 Month 13 2,373,638 0.29 8.219 625 84.32
ARM - 1 Year/6 Month IO 5 2,088,000 0.25 6.980 648 80.00
ARM - 1 Year/6 Month 30/40 Balloon 1 81,963 0.01 8.810 751 100.00
ARM - 1 Year/6 Month 30/50 Balloon 2 1,037,599 0.13 6.439 651 76.72
ARM - 2 Year/6 Month 1,000 149,944,492 18.08 8.546 632 84.61
ARM - 2 Year/6 Month IO 855 223,667,877 26.97 7.854 652 81.90
ARM - 2 Year/6 Month 30/40 Balloon 287 64,302,358 7.75 8.184 639 83.72
ARM - 2 Year/6 Month 30/50 Balloon 186 51,697,676 6.23 8.181 633 86.33
ARM - 3 Year/6 Month 202 31,561,577 3.81 8.327 629 84.17
ARM - 3 Year/6 Month IO 272 63,512,335 7.66 7.475 643 84.15
ARM - 3 Year/6 Month 30/40 Balloon 55 12,490,451 1.51 8.270 636 86.69
ARM - 3 Year/6 Month 30/50 Balloon 46 13,675,005 1.65 7.581 649 82.64
ARM - 5 Year/6 Month 12 2,506,935 0.30 7.569 642 73.00
ARM - 5 Year/6 Month IO 51 12,061,651 1.45 7.705 662 82.14
ARM - 5 Year/6 Month 30/40 Balloon 4 697,153 0.08 8.038 610 73.91
ARM - 5 Year/6 Month 30/50 Balloon 11 3,115,269 0.38 7.745 646 85.62
- -------------------------------------------------------------------------------------------------------------------------------------------
Total: 4,657 829,214,912 100.00 8.116 649 83.14
- -------------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
24
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------------
IO Terms
- -----------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
IO Terms (mos.) Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------------
0 3,463 525,114,650 63.33 8.322 648 83.61
60 1,191 303,513,162 36.60 7.759 650 82.31
120 3 587,100 0.07 8.146 626 82.41
- -----------------------------------------------------------------------------------------------------------------------------------------
Total: 4,657 829,214,912 100.00 8.116 649 83.14
- -----------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------------
Principal Balance at Origination
- -----------------------------------------------------------------------------------------------------------------------------------------
Number of Aggregate % of Aggregate W.A. W.A.
Principal Balance at Initial Mortgage Remaining Remaining W.A. Non-Zero Original
Origination ($) Loans Principal Balance Principal Balance Coupon (%) FICO CLTV (%)
($)
- -----------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00 672 22,708,945 2.74 11.539 631 97.50
50,000.01 - 100,000.00 937 70,477,859 8.50 9.743 632 88.56
100,000.01 - 150,000.00 883 109,802,593 13.24 8.551 632 84.64
150,000.01 - 200,000.00 685 119,293,913 14.39 8.054 638 82.89
200,000.01 - 250,000.00 487 109,004,448 13.15 7.943 640 83.50
250,000.01 - 300,000.00 319 87,319,924 10.53 7.956 645 83.73
300,000.01 - 350,000.00 191 61,885,626 7.46 7.876 652 84.33
350,000.01 - 400,000.00 126 47,360,061 5.71 7.732 654 82.31
400,000.01 - 450,000.00 103 43,749,041 5.28 7.430 663 81.14
450,000.01 - 500,000.00 71 33,690,687 4.06 7.370 665 79.74
500,000.01 - 550,000.00 54 28,219,959 3.40 7.466 663 80.00
550,000.01 - 600,000.00 38 21,662,029 2.61 6.882 681 81.00
600,000.01 - 650,000.00 22 13,736,146 1.66 7.178 661 77.38
650,000.01 - 700,000.00 13 8,773,141 1.06 6.849 696 74.36
700,000.01 - 750,000.00 10 7,307,769 0.88 7.149 672 74.38
750,000.01 - 800,000.00 12 9,402,618 1.13 7.025 685 66.92
800,000.01 - 850,000.00 5 4,178,594 0.50 7.035 700 76.39
850,000.01 - 900,000.00 3 2,612,549 0.32 7.363 673 80.00
900,000.01 - 950,000.00 5 4,667,834 0.56 7.651 712 78.99
950,000.01 - 1,000,000.00 7 6,900,369 0.83 7.352 699 77.62
1,000,000.01 greater than or equal to 14 16,460,810 1.99 7.406 721 73.00
- -----------------------------------------------------------------------------------------------------------------------------------------
Total: 4,657 829,214,912 100.00 8.116 649 83.14
- -----------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
25
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------------
Remaining Principal Balance
- ------------------------------------------------------------------------------------------------------------------------------------------
Number of Aggregate % of Aggregate W.A. W.A.
Remaining Principal Initial Remaining Remaining W.A. Non-Zero Original
Balance ($) Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00 673 22,735,052 2.74 11.541 631 97.50
50,000.01 - 100,000.00 936 70,451,751 8.50 9.742 632 88.56
100,000.01 - 150,000.00 886 110,252,121 13.30 8.547 633 84.61
150,000.01 - 200,000.00 683 119,044,316 14.36 8.052 638 82.91
200,000.01 - 250,000.00 486 108,804,517 13.12 7.947 640 83.50
250,000.01 - 300,000.00 319 87,319,924 10.53 7.956 645 83.73
300,000.01 - 350,000.00 191 61,885,626 7.46 7.876 652 84.33
350,000.01 - 400,000.00 126 47,360,061 5.71 7.732 654 82.31
400,000.01 - 450,000.00 103 43,749,041 5.28 7.430 663 81.14
450,000.01 - 500,000.00 71 33,690,687 4.06 7.370 665 79.74
500,000.01 - 550,000.00 55 28,769,649 3.47 7.479 663 80.29
550,000.01 - 600,000.00 37 21,112,339 2.55 6.850 682 80.63
600,000.01 - 650,000.00 22 13,736,146 1.66 7.178 661 77.38
650,000.01 - 700,000.00 13 8,773,141 1.06 6.849 696 74.36
700,000.01 - 750,000.00 10 7,307,769 0.88 7.149 672 74.38
750,000.01 - 800,000.00 12 9,402,618 1.13 7.025 685 66.92
800,000.01 - 850,000.00 5 4,178,594 0.50 7.035 700 76.39
850,000.01 - 900,000.00 3 2,612,549 0.32 7.363 673 80.00
900,000.01 - 950,000.00 5 4,667,834 0.56 7.651 712 78.99
950,000.01 - 1,000,000.00 7 6,900,369 0.83 7.352 699 77.62
1,000,000.01 greater than or equal to 14 16,460,810 1.99 7.406 721 73.00
- ------------------------------------------------------------------------------------------------------------------------------------------
Total: 4,657 829,214,912 100.00 8.116 649 83.14
- ------------------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------------------
Remaining Term
- -------------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Months Remaining Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -------------------------------------------------------------------------------------------------------------------------------------------
61 - 120 17 904,418 0.11 11.875 633 99.87
121 - 180 801 40,967,687 4.94 11.188 647 97.23
181 - 240 165 10,869,427 1.31 11.201 665 99.79
301 - 360 3,674 776,473,380 93.64 7.906 649 82.14
- -------------------------------------------------------------------------------------------------------------------------------------------
Total: 4,657 829,214,912 100.00 8.116 649 83.14
- -------------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
26
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- -----------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------------
Mortgage Rate
- ---------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Mortgage Rate (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ---------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 12 4,728,643 0.57 5.331 759 50.44
5.500 - 5.999 113 49,766,147 6.00 5.722 725 64.35
6.000 - 6.499 106 30,919,658 3.73 6.230 685 81.16
6.500 - 6.999 334 87,581,037 10.56 6.738 666 79.87
7.000 - 7.499 435 98,421,340 11.87 7.212 658 82.01
7.500 - 7.999 718 164,195,509 19.80 7.712 649 81.22
8.000 - 8.499 517 105,972,295 12.78 8.183 639 83.08
8.500 - 8.999 568 107,767,499 13.00 8.698 632 84.17
9.000 - 9.499 306 48,233,750 5.82 9.181 618 88.34
9.500 - 9.999 312 44,004,033 5.31 9.730 610 88.93
10.000 - 10.499 191 20,792,044 2.51 10.215 624 93.67
10.500 - 10.999 222 20,822,969 2.51 10.713 637 97.03
11.000 - 11.499 239 15,619,941 1.88 11.209 636 98.90
11.500 - 11.999 234 13,900,115 1.68 11.756 626 99.24
12.000 - 12.499 171 8,966,747 1.08 12.223 615 99.72
12.500 - 12.999 65 3,255,768 0.39 12.681 609 98.93
13.000 - 13.499 25 954,573 0.12 13.230 604 99.85
13.500 - 13.999 14 650,334 0.08 13.783 597 99.74
14.000 - 14.499 23 867,562 0.10 14.333 593 99.99
14.500 - 14.999 44 1,520,925 0.18 14.723 590 99.94
15.000 - 15.499 6 202,279 0.02 15.015 594 100.00
15.500 - 15.999 1 26,780 0.00 15.875 595 100.00
16.500 - 16.999 1 44,962 0.01 16.750 598 100.00
- ---------------------------------------------------------------------------------------------------------------------------------------
Total: 4,657 829,214,912 100.00 8.116 649 83.14
- ---------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
27
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- -----------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------------
Original Combined Loan-to-Value Ratio
- ------------------------------------------------------------------------------------------------------------------------------------------
Original Combined Number of Aggregate % of Aggregate W.A. W.A.
Loan-to-Value Initial Mortgage Remaining Remaining W.A. Non-Zero Original
Ratio (%) Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------------
Less than or equal to 50.00 89 20,431,932 2.46 6.568 687 40.65
50.01 - 55.00 30 8,447,555 1.02 6.694 674 52.82
55.01 - 60.00 47 10,276,267 1.24 7.062 656 58.00
60.01 - 65.00 80 20,925,007 2.52 6.775 678 63.46
65.01 - 70.00 91 20,069,419 2.42 7.445 644 68.55
70.01 - 75.00 107 29,110,921 3.51 7.260 651 73.80
75.01 - 80.00 1,860 405,176,738 48.86 7.702 650 79.90
80.01 - 85.00 199 41,349,399 4.99 8.221 615 84.26
85.01 - 90.00 325 65,556,446 7.91 8.200 641 89.47
90.01 - 95.00 268 53,542,874 6.46 8.090 653 94.61
95.01 - 100.00 1,561 154,328,354 18.61 9.930 645 99.95
- ------------------------------------------------------------------------------------------------------------------------------------------
Total: 4,657 829,214,912 100.00 8.116 649 83.14
- ------------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------
FICO Score at Origination
- ----------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
FICO Score Number of Aggregate Remaining Remaining W.A. Non-Zero Original
At Origination Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ----------------------------------------------------------------------------------------------------------------------------
1 - 499 1 79,896 0.01 10.125 492 100.00
500 - 524 1 99,865 0.01 8.000 505 74.07
525 - 549 81 13,061,849 1.58 9.114 544 74.71
550 - 574 163 27,016,503 3.26 8.970 563 77.88
575 - 599 538 72,286,267 8.72 9.530 588 84.84
600 - 624 1,063 151,418,001 18.26 8.671 612 85.16
625 - 649 1,084 188,802,071 22.77 8.123 638 84.75
650 - 674 890 163,584,443 19.73 7.885 661 84.47
675 - 699 441 98,519,714 11.88 7.501 686 82.56
700 - 724 202 52,870,400 6.38 7.220 711 80.74
725 - 749 90 25,518,440 3.08 7.066 737 76.55
750 - 774 54 19,365,256 2.34 7.150 763 78.50
775 - 799 41 14,700,563 1.77 6.171 786 68.91
800 - 824 8 1,891,643 0.23 5.857 808 56.77
- ----------------------------------------------------------------------------------------------------------------------------
Total: 4,657 829,214,912 100.00 8.116 649 83.14
- ----------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
28
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- ---------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------------------
Geographic Distribution*
- -------------------------------------------------------------------------------------------------------------------------------------------
Number of Aggregate % of Aggregate W.A. W.A.
Initial Mortgage Remaining Remaining W.A. Non-Zero Original
Location Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -------------------------------------------------------------------------------------------------------------------------------------------
California 786 262,013,023 31.60 7.439 673 78.60
Florida 495 86,372,365 10.42 7.898 642 82.32
Arizona 345 54,146,667 6.53 8.131 639 84.39
Ohio 273 33,030,892 3.98 8.337 630 86.71
Texas 310 30,989,474 3.74 8.754 642 86.99
Illinois 186 30,739,553 3.71 8.869 634 85.64
Michigan 223 28,560,249 3.44 8.975 643 88.31
Maryland 112 25,293,074 3.05 8.219 635 82.93
Nevada 129 24,543,914 2.96 8.258 645 85.16
Washington 139 24,493,397 2.95 8.133 644 84.29
Minnesota 161 23,971,915 2.89 8.371 638 86.76
Virginia 111 20,331,016 2.45 8.379 636 84.69
Georgia 108 14,817,577 1.79 8.665 640 86.34
Wisconsin 127 14,716,239 1.77 8.665 639 87.19
Oregon 78 13,570,046 1.64 7.878 649 83.11
Colorado 87 13,459,609 1.62 8.153 647 86.73
Pennsylvania 100 13,400,300 1.62 8.880 629 88.74
New Jersey 46 11,045,596 1.33 8.624 627 82.63
Tennessee 97 10,718,849 1.29 8.474 635 89.08
Indiana 97 10,357,512 1.25 8.868 621 87.39
Missouri 80 9,295,789 1.12 9.200 626 90.79
Kentucky 63 7,095,753 0.86 8.610 635 85.58
New York 30 6,904,017 0.83 8.290 645 79.00
North Carolina 61 6,729,513 0.81 9.242 625 87.05
Connecticut 30 5,829,141 0.70 8.522 615 81.20
Louisiana 41 4,332,933 0.52 9.268 626 88.54
South Carolina 33 4,057,262 0.49 9.557 629 85.40
Utah 23 4,025,685 0.49 7.935 643 88.42
Alabama 30 3,790,719 0.46 8.932 618 86.37
New Mexico 31 3,771,226 0.45 9.067 619 82.00
Mississippi 33 3,564,830 0.43 9.044 620 89.73
Arkansas 29 3,395,997 0.41 8.771 639 90.66
Iowa 33 2,758,889 0.33 9.526 617 90.61
Oklahoma 28 2,232,276 0.27 8.825 628 87.23
- -------------------------------------------------------------------------------------------------------------------------------------------
*Geographic Distribution continued on the next page
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
29
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------------
Geographic Distribution (Continued)
- --------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Location Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- --------------------------------------------------------------------------------------------------------------------------------------
Idaho 17 2,026,290 0.24 8.533 642 81.06
Massachusetts 12 2,012,055 0.24 8.874 628 84.25
Hawaii 5 1,758,144 0.21 7.397 671 71.91
District of Columbia 6 1,707,280 0.21 8.286 638 71.81
Montana 9 1,661,555 0.20 9.355 592 82.09
West Virginia 9 1,274,662 0.15 9.120 648 84.97
Delaware 7 973,315 0.12 8.907 632 93.67
Kansas 11 820,873 0.10 9.637 641 91.32
Nebraska 7 552,444 0.07 8.635 640 86.79
Wyoming 3 427,901 0.05 9.625 600 82.64
New Hampshire 3 415,060 0.05 8.875 616 86.29
Vermont 2 408,422 0.05 8.485 644 87.19
South Dakota 6 341,250 0.04 9.381 636 93.40
Maine 2 268,552 0.03 7.781 656 96.25
Alaska 1 150,400 0.02 9.625 542 80.00
North Dakota 2 61,413 0.01 11.257 638 100.00
- --------------------------------------------------------------------------------------------------------------------------------------
Total: 4,657 829,214,912 100.00 8.116 649 83.14
- --------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
30
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- ---------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------------
Occupancy Status
- --------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Occupancy Status Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- --------------------------------------------------------------------------------------------------------------------------------------
Primary 4,533 809,785,395 97.66 8.113 648 83.20
Investment 102 15,652,356 1.89 8.280 664 80.43
Second Home 22 3,777,160 0.46 7.957 660 81.14
- --------------------------------------------------------------------------------------------------------------------------------------
Total: 4,657 829,214,912 100.00 8.116 649 83.14
- --------------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------------
Documentation Type
- ---------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Program Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ---------------------------------------------------------------------------------------------------------------------------------------
Full 3,426 587,929,559 70.90 8.072 641 83.80
Stated 930 178,813,445 21.56 8.179 665 81.71
Limited 108 32,528,676 3.92 8.293 672 81.72
No Documentation 193 29,943,231 3.61 8.399 671 80.12
- ---------------------------------------------------------------------------------------------------------------------------------------
Total: 4,657 829,214,912 100.00 8.116 649 83.14
- ---------------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------------
Loan Purpose
- ---------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Purpose Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ---------------------------------------------------------------------------------------------------------------------------------------
Purchase 3,068 477,551,961 57.59 8.364 650 85.37
Refinance - Cashout 1,259 283,953,406 34.24 7.805 645 80.03
Refinance - Rate Term 330 67,709,544 8.17 7.668 658 80.42
- ---------------------------------------------------------------------------------------------------------------------------------------
Total: 4,657 829,214,912 100.00 8.116 649 83.14
- ---------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
31
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------------------
Property Type
- --------------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Property Type Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- --------------------------------------------------------------------------------------------------------------------------------------------
Single Family Residence 3,005 543,006,485 65.48 8.112 650 82.63
PUD 1,254 219,076,172 26.42 8.045 645 84.05
Condo 288 47,825,274 5.77 8.296 652 84.84
2-4 Family 110 19,306,980 2.33 8.566 647 82.93
- --------------------------------------------------------------------------------------------------------------------------------------------
Total: 4,657 829,214,912 100.00 8.116 649 83.14
- --------------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
32
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------------
Rate Adjustment*
- -----------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Month & Year of Next Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Rate Adjustment Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------------
2007-05 4 792,399 0.12 8.056 596 69.84
2007-06 3 728,582 0.11 7.653 661 85.76
2007-07 6 1,941,690 0.30 7.406 617 80.45
2007-11 4 353,103 0.06 9.255 622 85.61
2007-12 10 2,812,416 0.44 7.189 646 79.61
2008-01 4 1,525,780 0.24 7.228 640 84.09
2008-02 4 1,225,400 0.19 8.256 626 86.60
2008-03 1 195,238 0.03 9.600 634 94.96
2008-06 2 192,756 0.03 8.668 601 90.00
2008-07 8 1,568,746 0.25 7.412 647 82.40
2008-08 13 3,030,727 0.47 8.279 634 75.21
2008-09 42 10,033,874 1.57 8.092 642 82.46
2008-10 122 25,833,406 4.05 8.297 637 81.67
2008-11 707 146,882,766 23.01 8.206 641 82.99
2008-12 695 145,387,047 22.78 8.135 643 83.81
2009-01 596 125,205,378 19.62 8.098 642 84.38
2009-02 141 30,946,966 4.85 7.966 650 82.32
2009-08 1 312,102 0.05 7.625 662 80.00
2009-09 4 677,909 0.11 8.484 624 84.11
2009-10 27 4,810,726 0.75 8.126 634 82.21
2009-11 158 32,696,217 5.12 8.022 635 84.67
2009-12 207 43,961,656 6.89 7.678 641 84.34
2010-01 146 32,590,665 5.11 7.629 646 84.81
2010-02 32 6,190,092 0.97 7.896 616 80.26
2011-09 3 536,797 0.08 8.232 648 78.71
2011-11 20 4,027,422 0.63 8.270 635 82.88
2011-12 24 5,178,546 0.81 7.618 658 79.60
2012-01 27 6,965,642 1.09 7.307 653 81.98
2012-02 4 1,672,600 0.26 8.110 696 79.31
- -----------------------------------------------------------------------------------------------------------------------------------------
Total: 3,015 638,276,649 100.00 8.055 642 83.49
- -----------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
33
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
Gross Margin*
- ---------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Gross Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Margin (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ---------------------------------------------------------------------------------------------------------------------------------
2.000 - 2.499 5 1,079,540 0.17 7.057 676 79.36
2.500 - 2.999 4 705,540 0.11 7.548 645 80.00
3.000 - 3.499 2 1,310,176 0.21 7.847 636 80.00
4.000 - 4.499 18 2,970,954 0.47 7.687 642 84.98
4.500 - 4.999 31 7,652,324 1.20 7.245 650 75.97
5.000 - 5.499 1,739 382,446,861 59.92 7.736 645 78.47
5.500 - 5.999 405 85,117,886 13.34 8.228 630 86.88
6.000 - 6.499 70 16,059,914 2.52 8.317 635 85.46
6.500 - 6.999 655 126,588,891 19.83 8.793 642 95.94
7.000 - 7.499 42 6,496,789 1.02 9.130 633 88.92
7.500 - 7.999 38 6,562,060 1.03 9.473 613 89.78
8.000 - 8.499 6 1,285,712 0.20 9.892 610 91.73
- ---------------------------------------------------------------------------------------------------------------------------------
Total: 3,015 638,276,649 100.00 8.055 642 83.49
- ---------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
34
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------------
Maximum Mortgage Rate*
- ---------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Maximum Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Mortgage Rate (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ---------------------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 3 560,680 0.09 6.503 629 80.00
11.500 - 11.999 22 6,440,775 1.01 5.787 680 78.30
12.000 - 12.499 73 21,464,087 3.36 6.246 675 82.01
12.500 - 12.999 260 70,865,937 11.10 6.736 665 79.84
13.000 - 13.499 381 88,024,812 13.79 7.209 658 81.81
13.500 - 13.999 626 146,420,292 22.94 7.709 649 81.35
14.000 - 14.499 444 96,069,917 15.05 8.180 639 83.15
14.500 - 14.999 464 93,705,521 14.68 8.692 632 83.70
15.000 - 15.499 260 43,629,480 6.84 9.179 617 88.29
15.500 - 15.999 240 38,074,813 5.97 9.706 604 88.73
16.000 - 16.499 90 13,162,301 2.06 10.191 599 92.06
16.500 - 16.999 73 9,964,227 1.56 10.660 601 95.29
17.000 - 17.499 33 4,611,390 0.72 11.173 595 99.40
17.500 - 17.999 27 3,107,387 0.49 11.624 614 99.24
18.000 - 18.499 12 1,544,160 0.24 12.150 590 100.00
18.500 - 18.999 3 194,826 0.03 12.651 588 96.05
19.000 - 19.499 1 54,962 0.01 13.049 595 100.00
19.500 - 19.999 2 265,900 0.04 13.786 589 100.00
20.500 - 20.999 1 115,182 0.02 14.625 586 100.00
- ---------------------------------------------------------------------------------------------------------------------------------------
Total: 3,015 638,276,649 100.00 8.055 642 83.49
- ---------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
35
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------------
Minimum Mortgage Rate*
- -------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Minimum Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Mortgage Rate (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -------------------------------------------------------------------------------------------------------------------------------------
2.500 - 2.999 2 302,740 0.05 7.875 638 80.00
4.500 - 4.999 1 49,896 0.01 7.875 689 20.83
5.000 - 5.499 8 1,792,020 0.28 7.302 625 71.39
5.500 - 5.999 28 7,885,568 1.24 6.206 671 80.00
6.000 - 6.499 75 21,655,920 3.39 6.264 675 82.02
6.500 - 6.999 263 71,093,845 11.14 6.751 665 80.06
7.000 - 7.499 379 87,692,593 13.74 7.218 658 81.81
7.500 - 7.999 624 146,573,689 22.96 7.710 649 81.39
8.000 - 8.499 441 94,863,829 14.86 8.181 639 83.15
8.500 - 8.999 459 92,570,217 14.50 8.698 632 83.68
9.000 - 9.499 259 43,933,930 6.88 9.178 617 88.31
9.500 - 9.999 238 37,398,468 5.86 9.720 604 88.81
10.000 - 10.499 89 12,933,946 2.03 10.192 600 92.36
10.500 - 10.999 72 10,075,443 1.58 10.688 608 95.54
11.000 - 11.499 32 4,546,458 0.71 11.174 593 99.39
11.500 - 11.999 26 2,733,059 0.43 11.743 590 99.14
12.000 - 12.499 12 1,544,160 0.24 12.150 590 100.00
12.500 - 12.999 3 194,826 0.03 12.651 588 96.05
13.000 - 13.499 1 54,962 0.01 13.049 595 100.00
13.500 - 13.999 2 265,900 0.04 13.786 589 100.00
14.500 - 14.999 1 115,182 0.02 14.625 586 100.00
- -------------------------------------------------------------------------------------------------------------------------------------
Total: 3,015 638,276,649 100.00 8.055 642 83.49
- -------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
36
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------------
Initial Periodic Rate Cap*
- --------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Initial Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Periodic Cap (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- --------------------------------------------------------------------------------------------------------------------------------------
1.000 12 3,320,089 0.52 7.600 619 79.10
1.500 1 195,238 0.03 9.600 634 94.96
2.000 25 6,376,663 1.00 7.569 635 80.80
2.250 1 146,597 0.02 7.875 619 80.00
3.000 2,966 626,514,564 98.16 8.061 642 83.53
3.050 1 99,817 0.02 8.500 644 100.00
4.000 1 154,911 0.02 12.000 597 100.00
5.000 2 473,430 0.07 8.317 622 87.73
6.000 6 995,339 0.16 7.916 635 77.63
- --------------------------------------------------------------------------------------------------------------------------------------
Total: 3,015 638,276,649 100.00 8.055 642 83.49
- --------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
- ---------------------------------------------------------------------------------------------------------------------------------------
Subsequent Periodic Rate Cap*
- ---------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Subsequent Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Periodic Cap (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ---------------------------------------------------------------------------------------------------------------------------------------
1.000 3,007 636,999,006 99.80 8.055 642 83.48
1.500 4 683,782 0.11 8.620 626 88.41
2.000 3 437,860 0.07 7.566 658 80.00
3.000 1 156,000 0.02 8.750 604 80.00
- ---------------------------------------------------------------------------------------------------------------------------------------
Total: 3,015 638,276,649 100.00 8.055 642 83.49
- ---------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
- ---------------------------------------------------------------------------------------------------------------------------------------
Lifetime Periodic Cap*
- ---------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Lifetime Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Periodic Cap (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ---------------------------------------------------------------------------------------------------------------------------------------
3.000 - 3.499 1 229,600 0.04 8.250 615 80.00
6.000 - 6.499 3,003 634,961,653 99.48 8.052 642 83.48
6.500 - 6.999 5 1,749,237 0.27 8.239 641 79.51
7.000 - 7.499 6 1,336,159 0.21 9.167 670 92.88
- ---------------------------------------------------------------------------------------------------------------------------------------
Total: 3,015 638,276,649 100.00 8.055 642 83.49
- ---------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
37
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------------
Original Prepayment Charge Term
- -----------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Prepayment Penalty Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Term (mos.) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------------
0 1,152 166,697,720 20.10 8.826 639 85.30
6 6 2,367,468 0.29 7.775 680 78.03
12 181 44,517,025 5.37 8.340 649 83.45
13 4 1,065,519 0.13 7.595 671 80.45
24 2,112 371,627,715 44.82 8.258 646 84.57
36 1,081 220,890,960 26.64 7.379 663 78.94
48 120 21,749,886 2.62 7.363 628 84.69
60 1 298,620 0.04 6.500 652 80.00
- -----------------------------------------------------------------------------------------------------------------------------------------
Total: 4,657 829,214,912 100.00 8.116 649 83.14
- -----------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
38
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP I COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------
SUMMARY - GROUP I*
- ----------------------------------------------------------------------------------------------------------------------------
Number of Mortgage Loans: 2,479|Index Type:
Aggregate Principal Balance: $364,444,648| 6 Month LIBOR: 78.39%
Conforming Principal Balance Loans: $364,444,648| Fixed Rate: 21.61%
Average Principal Balance: $147,013|W.A. Initial Periodic Cap: 2.983%
Range: $10,295 - $541,518|W.A. Subsequent Periodic Cap: 1.002%
W.A. Coupon: 8.303%|W.A. Lifetime Rate Cap: 6.001%
Range: 5.125% - 16.750%|Property Type:
W.A. Gross Margin: 5.805%| Single Family: 68.09%
Range: 2.250% - 8.260%| PUD: 23.27%
W.A. Remaining Term (months): 350| Condo: 5.43%
Range (months): 172-360| 2-4 Family: 3.21%
W.A. Seasoning (months): 2|Occupancy Status:
Latest Maturity Date: February 1, 2037| Primary: 96.01%
State Concentration (Top 5): | Investment: 3.14%
California: 15.47%| Second Home: 0.85%
Florida: 10.15%|Documentation Status:
Arizona: 8.64%| Full: 81.89%
Minnesota: 5.66%| Stated: 15.56%
Illinois: 5.09%| Limited: 0.53%
W.A. Original Combined LTV: 84.54%| None: 2.02%
Range: 15.09% - 100.00%|Non-Zero W.A. Prepayment Penalty Term (months): 28
First Liens: 95.60%|Loans with Prepay Penalties: 80.10%
Second Liens: 4.40%|Interest Only Loans: 26.90%
Non-Balloon Loans: 69.92%|Non-Zero W.A. Interest Only Term (months): 60
Non-Zero W.A. FICO Score: 638|
- ----------------------------------------------------------------------------------------------------------------------------
* Subject to a permitted variance of +/- 10%
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
39
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP I COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------------
Collateral Type
- -----------------------------------------------------------------------------------------------------------------------------------------
Number of Aggregate % of Aggregate W.A. W.A.
Initial Mortgage Remaining Remaining W.A. Non-Zero Original
Collateral Type Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------------
Fixed - 15 Year 10 1,441,561 0.40 6.931 701 68.65
Fixed - 20 Year 2 64,626 0.02 11.066 636 100.00
Fixed - 30 Year 301 46,052,110 12.64 7.739 663 79.47
Balloon - 15/30 363 13,279,879 3.64 11.573 638 99.65
Balloon - 20/30 57 2,357,600 0.65 11.332 641 99.63
Balloon - 30/40 84 15,335,474 4.21 7.976 655 84.27
Balloon - 30/50 2 238,345 0.07 7.144 632 77.58
ARM - 6 Month IO 7 1,967,500 0.54 6.927 617 73.75
ARM - 1 Year/6 Month 5 1,114,500 0.31 8.662 597 78.60
ARM - 1 Year/6 Month IO 2 484,000 0.13 6.606 655 80.00
ARM - 1 Year/6 Month 30/40 Balloon 1 81,963 0.02 8.810 751 100.00
ARM - 1 Year/6 Month 30/50 Balloon 1 187,834 0.05 8.990 577 85.00
ARM - 2 Year/6 Month 675 92,242,754 25.31 8.643 627 85.10
ARM - 2 Year/6 Month IO 366 71,670,735 19.67 7.855 641 82.96
ARM - 2 Year/6 Month 30/40 Balloon 176 34,788,055 9.55 8.288 628 84.15
ARM - 2 Year/6 Month 30/50 Balloon 121 27,544,064 7.56 8.290 633 88.21
ARM - 3 Year/6 Month 106 15,100,478 4.14 8.438 632 86.27
ARM - 3 Year/6 Month IO 102 19,487,256 5.35 7.809 644 84.36
ARM - 3 Year/6 Month 30/40 Balloon 39 7,893,445 2.17 8.304 623 85.66
ARM - 3 Year/6 Month 30/50 Balloon 25 5,970,908 1.64 7.989 643 84.83
ARM - 5 Year/6 Month 5 778,423 0.21 8.355 624 82.25
ARM - 5 Year/6 Month IO 20 4,431,352 1.22 7.780 660 85.62
ARM - 5 Year/6 Month 30/40 Balloon 4 697,153 0.19 8.038 610 73.91
ARM - 5 Year/6 Month 30/50 Balloon 5 1,234,634 0.34 7.512 665 85.09
- -----------------------------------------------------------------------------------------------------------------------------------------
Total: 2,479 364,444,648 100.00 8.303 638 84.54
- -----------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------------
IO Terms
- -----------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
IO Terms (mos.) Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------------
0 1,982 266,403,806 73.10 8.482 637 85.06
60 496 97,899,542 26.86 7.818 642 83.15
120 1 141,300 0.04 7.513 663 90.00
- -----------------------------------------------------------------------------------------------------------------------------------------
Total: 2,479 364,444,648 100.00 8.303 638 84.54
- -----------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
40
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP I COLLATERAL
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Principal Balance at Origination
- ------------------------------------------------------------------------------------------------------------------------------------
Number of Aggregate % of Aggregate W.A. W.A. W.A.
Principal Balance at Initial Mortgage Remaining Remaining Coupon Non-Zero Original
Origination ($) Loans Principal Balance ($) Principal Balance (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00 397 13,106,270 3.60 11.622 628 97.90
50,000.01 - 100,000.00 464 35,322,057 9.69 9.399 626 86.55
100,000.01 - 150,000.00 578 72,263,305 19.83 8.458 631 84.62
150,000.01 - 200,000.00 417 72,187,856 19.81 8.061 639 83.22
200,000.01 - 250,000.00 275 61,754,331 16.94 7.998 637 83.70
250,000.01 - 300,000.00 164 44,767,660 12.28 7.956 639 84.42
300,000.01 - 350,000.00 99 31,983,969 8.78 7.855 651 83.83
350,000.01 - 400,000.00 59 22,227,503 6.10 7.547 655 82.76
400,000.01 - 450,000.00 24 9,818,594 2.69 7.418 670 81.42
450,000.01 - 500,000.00 1 471,586 0.13 6.500 682 80.00
500,000.01 - 550,000.00 1 541,518 0.15 6.800 703 80.00
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,479 364,444,648 100.00 8.303 638 84.54
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------------
Remaining Principal Balance
- ------------------------------------------------------------------------------------------------------------------------------------------
Number of Aggregate % of Aggregate W.A. W.A.
Remaining Principal Initial Remaining Remaining W.A. Non-Zero Original
Balance ($) Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00 397 13,106,270 3.60 11.622 628 97.90
50,000.01 - 100,000.00 464 35,322,057 9.69 9.399 626 86.55
100,000.01 - 150,000.00 580 72,563,164 19.91 8.452 631 84.58
150,000.01 - 200,000.00 415 71,887,998 19.73 8.065 639 83.25
200,000.01 - 250,000.00 275 61,754,331 16.94 7.998 637 83.70
250,000.01 - 300,000.00 164 44,767,660 12.28 7.956 639 84.42
300,000.01 - 350,000.00 99 31,983,969 8.78 7.855 651 83.83
350,000.01 - 400,000.00 59 22,227,503 6.10 7.547 655 82.76
400,000.01 - 450,000.00 24 9,818,594 2.69 7.418 670 81.42
450,000.01 - 500,000.00 1 471,586 0.13 6.500 682 80.00
500,000.01 - 550,000.00 1 541,518 0.15 6.800 703 80.00
- ------------------------------------------------------------------------------------------------------------------------------------------
Total: 2,479 364,444,648 100.00 8.303 638 84.54
- ------------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
41
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP I COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------------------
Remaining Term
- -------------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Months Remaining Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -------------------------------------------------------------------------------------------------------------------------------------------
121 - 180 373 14,721,440 4.04 11.118 644 96.62
181 - 240 59 2,422,226 0.66 11.325 641 99.64
301 - 360 2,047 347,300,981 95.30 8.163 638 83.93
- -------------------------------------------------------------------------------------------------------------------------------------------
Total: 2,479 364,444,648 100.00 8.303 638 84.54
- -------------------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------------
Mortgage Rate
- ---------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Mortgage Rate (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ---------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 3 1,056,029 0.29 5.256 779 44.42
5.500 - 5.999 36 9,303,812 2.55 5.742 726 65.64
6.000 - 6.499 47 11,087,579 3.04 6.225 673 77.60
6.500 - 6.999 150 31,789,822 8.72 6.742 672 80.40
7.000 - 7.499 223 42,763,256 11.73 7.228 659 83.09
7.500 - 7.999 384 71,690,498 19.67 7.715 644 81.98
8.000 - 8.499 282 49,783,035 13.66 8.195 631 84.30
8.500 - 8.999 359 56,314,906 15.45 8.707 623 84.91
9.000 - 9.499 190 25,895,580 7.11 9.182 614 88.08
9.500 - 9.999 201 26,647,769 7.31 9.724 605 88.13
10.000 - 10.499 100 9,327,001 2.56 10.203 613 93.08
10.500 - 10.999 111 10,480,333 2.88 10.693 618 97.22
11.000 - 11.499 98 6,001,994 1.65 11.208 615 98.37
11.500 - 11.999 104 5,273,530 1.45 11.748 611 98.89
12.000 - 12.499 98 3,999,355 1.10 12.194 615 99.55
12.500 - 12.999 35 1,242,652 0.34 12.654 607 100.00
13.000 - 13.499 17 541,081 0.15 13.222 608 99.74
13.500 - 13.999 6 161,110 0.04 13.775 596 98.95
14.000 - 14.499 8 218,460 0.06 14.284 593 99.99
14.500 - 14.999 24 774,426 0.21 14.718 590 99.88
15.000 - 15.499 2 47,457 0.01 15.000 589 100.00
16.500 - 16.999 1 44,962 0.01 16.750 598 100.00
- ---------------------------------------------------------------------------------------------------------------------------------------
Total: 2,479 364,444,648 100.00 8.303 638 84.54
- ---------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
42
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP I COLLATERAL
- -----------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------------
Original Combined Loan-to-Value Ratio
- ------------------------------------------------------------------------------------------------------------------------------------------
Original Combined Number of Aggregate % of Aggregate W.A. W.A.
Loan-to-Value Initial Mortgage Remaining Remaining W.A. Non-Zero Original
Ratio (%) Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------------
Less than or equal to 50.00 47 8,093,463 2.22 6.853 678 40.05
50.01 - 55.00 19 3,263,777 0.90 7.974 625 53.56
55.01 - 60.00 22 4,076,085 1.12 7.825 633 57.69
60.01 - 65.00 45 8,146,429 2.24 7.580 636 63.46
65.01 - 70.00 53 9,935,837 2.73 7.635 629 68.69
70.01 - 75.00 62 12,443,847 3.41 7.803 634 73.82
75.01 - 80.00 887 145,813,546 40.01 7.833 639 79.82
80.01 - 85.00 127 22,856,580 6.27 8.426 610 84.37
85.01 - 90.00 211 37,884,218 10.40 8.272 636 89.58
90.01 - 95.00 182 34,737,755 9.53 7.998 653 94.55
95.01 - 100.00 824 77,193,112 21.18 9.741 640 99.93
- ------------------------------------------------------------------------------------------------------------------------------------------
Total: 2,479 364,444,648 100.00 8.303 638 84.54
- ------------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------
FICO Score at Origination
- ----------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
FICO Score Number of Aggregate Remaining Remaining W.A. Non-Zero Original
At Origination Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ----------------------------------------------------------------------------------------------------------------------------
525 - 549 54 8,655,398 2.37 9.139 543 76.39
550 - 574 101 16,164,874 4.44 8.933 563 77.84
575 - 599 308 37,695,878 10.34 9.601 588 84.77
600 - 624 664 86,005,323 23.60 8.745 612 85.97
625 - 649 556 82,849,366 22.73 8.185 637 85.86
650 - 674 409 62,953,461 17.27 7.921 661 85.84
675 - 699 201 34,993,034 9.60 7.489 686 83.38
700 - 724 95 17,082,372 4.69 7.286 712 84.95
725 - 749 49 10,175,388 2.79 7.082 738 82.18
750 - 774 23 3,736,806 1.03 7.351 763 86.77
775 - 799 15 3,411,208 0.94 6.137 786 60.59
800 - 824 4 721,541 0.20 6.490 810 69.72
- ----------------------------------------------------------------------------------------------------------------------------
Total: 2,479 364,444,648 100.00 8.303 638 84.54
- ----------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
43
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP I COLLATERAL
- ---------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------------------
Geographic Distribution*
- -------------------------------------------------------------------------------------------------------------------------------------------
Number of Aggregate % of Aggregate W.A. W.A.
Initial Mortgage Remaining Remaining W.A. Non-Zero Original
Location Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -------------------------------------------------------------------------------------------------------------------------------------------
California 211 56,377,317 15.47 7.365 658 76.38
Florida 225 36,975,869 10.15 7.976 633 82.38
Arizona 207 31,480,289 8.64 8.053 639 85.23
Minnesota 141 20,613,690 5.66 8.379 636 87.30
Illinois 113 18,554,473 5.09 8.995 626 87.29
Michigan 151 18,340,179 5.03 8.948 640 88.92
Texas 169 14,565,408 4.00 8.861 633 87.39
Washington 87 14,426,995 3.96 8.123 645 84.98
Wisconsin 111 12,705,708 3.49 8.635 640 86.49
Maryland 62 12,238,766 3.36 8.246 639 83.95
Nevada 60 12,157,567 3.34 7.971 649 85.49
Ohio 105 11,733,944 3.22 8.734 628 87.79
Virginia 53 9,781,834 2.68 8.265 634 84.44
Oregon 49 8,121,751 2.23 7.771 654 83.84
Georgia 69 8,121,044 2.23 8.852 633 85.34
Colorado 53 8,109,415 2.23 8.151 645 88.76
Pennsylvania 61 7,554,377 2.07 8.947 627 88.77
Indiana 76 7,448,664 2.04 8.854 622 88.93
Tennessee 57 6,267,412 1.72 8.494 640 90.26
New Jersey 28 6,214,657 1.71 8.422 620 81.36
Missouri 51 5,810,563 1.59 9.094 623 90.91
Kentucky 50 4,264,701 1.17 9.085 623 88.26
North Carolina 35 3,254,378 0.89 9.406 621 88.57
Utah 18 3,065,879 0.84 8.003 645 89.42
Alabama 23 2,668,101 0.73 8.965 619 86.03
Iowa 26 2,298,583 0.63 9.551 614 90.46
Connecticut 18 2,236,327 0.61 8.025 634 77.46
South Carolina 22 2,133,998 0.59 9.421 625 86.43
Louisiana 20 1,873,877 0.51 9.916 612 90.73
New York 9 1,754,636 0.48 8.213 642 80.42
Oklahoma 20 1,522,610 0.42 9.178 620 88.50
Massachusetts 8 1,363,313 0.37 8.519 629 85.96
New Mexico 14 1,344,502 0.37 8.967 620 84.68
Mississippi 18 1,313,365 0.36 9.792 604 92.63
- -------------------------------------------------------------------------------------------------------------------------------------------
*Geographic Distribution continued on the next page
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
44
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP I COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------------
Geographic Distribution (Continued)
- --------------------------------------------------------------------------------------------------------------------------------------
Number of % of Aggregate W.A. W.A. W.A.
Initial Mortgage Aggregate Remaining Remaining Coupon Non-Zero Original
Location Loans Principal Balance ($) Principal Balance (%) FICO CLTV (%)
- --------------------------------------------------------------------------------------------------------------------------------------
Idaho 10 1,100,481 0.30 8.449 660 82.00
District of Columbia 4 1,032,484 0.28 8.189 611 60.35
Montana 6 945,003 0.26 8.844 612 82.25
West Virginia 7 764,737 0.21 9.416 655 88.28
Arkansas 8 718,292 0.20 9.552 625 98.63
Delaware 2 581,972 0.16 8.033 643 94.56
Kansas 6 555,093 0.15 9.253 638 89.16
Nebraska 7 552,444 0.15 8.635 640 86.79
Hawaii 1 541,518 0.15 6.800 703 80.00
Vermont 2 408,422 0.11 8.485 644 87.19
Wyoming 2 256,921 0.07 10.540 613 84.40
New Hampshire 1 130,990 0.04 7.125 649 80.00
Maine 1 100,687 0.03 8.875 594 90.00
North Dakota 2 61,413 0.02 11.257 638 100.00
- --------------------------------------------------------------------------------------------------------------------------------------
Total: 2,479 364,444,648 100.00 8.303 638 84.54
- --------------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------------
Occupancy Status
- --------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Occupancy Status Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- --------------------------------------------------------------------------------------------------------------------------------------
Primary 2,383 349,918,427 96.01 8.307 637 84.71
Investment 79 11,437,508 3.14 8.238 670 80.58
Second Home 17 3,088,713 0.85 8.064 660 80.16
- --------------------------------------------------------------------------------------------------------------------------------------
Total: 2,479 364,444,648 100.00 8.303 638 84.54
- --------------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------------
Documentation Type
- ---------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Program Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ---------------------------------------------------------------------------------------------------------------------------------------
Full 2,072 298,433,464 81.89 8.316 633 85.80
Stated Documentation 346 56,723,612 15.56 8.253 658 79.19
No Documentation 49 7,373,331 2.02 8.186 692 76.30
Limited 12 1,914,241 0.53 8.298 645 79.59
- ---------------------------------------------------------------------------------------------------------------------------------------
Total: 2,479 364,444,648 100.00 8.303 638 84.54
- ---------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
45
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP I COLLATERAL
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------------
Loan Purpose
- ---------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Purpose Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ---------------------------------------------------------------------------------------------------------------------------------------
Refinance - Cashout 841 162,520,427 44.59 8.100 637 82.33
Purchase 1,375 157,607,784 43.25 8.566 638 86.75
Refinance - Rate Term 263 44,316,436 12.16 8.114 644 84.80
- ---------------------------------------------------------------------------------------------------------------------------------------
Total: 2,479 364,444,648 100.00 8.303 638 84.54
- ---------------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------------
Property Type
- ---------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Property Type Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ---------------------------------------------------------------------------------------------------------------------------------------
Single Family 1,693 248,145,561 68.09 8.335 637 84.30
Residence
PUD 582 84,806,120 23.27 8.123 640 85.27
Condo 132 19,790,393 5.43 8.388 646 85.44
2-4 Family 72 11,702,574 3.21 8.792 637 83.02
- ---------------------------------------------------------------------------------------------------------------------------------------
Total: 2,479 364,444,648 100.00 8.303 638 84.54
- ---------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
46
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP I COLLATERAL
- ---------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------------
Rate Adjustment*
- -----------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Month & Year of Next Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Rate Adjustment Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------------
2007-05 2 401,000 0.14 7.435 595 60.19
2007-06 1 376,000 0.13 6.375 691 80.00
2007-07 4 1,190,500 0.42 6.931 601 76.35
2007-12 5 1,103,062 0.39 7.173 648 78.61
2008-01 1 187,834 0.07 8.990 577 85.00
2008-02 3 577,400 0.20 9.806 570 82.79
2008-06 1 86,062 0.03 9.000 590 90.00
2008-07 5 756,381 0.26 8.217 634 82.35
2008-08 9 1,366,943 0.48 8.457 618 80.28
2008-09 24 4,782,910 1.67 8.413 617 85.16
2008-10 77 12,834,892 4.49 8.311 632 81.53
2008-11 421 70,706,785 24.75 8.434 633 84.93
2008-12 390 64,847,397 22.70 8.262 632 84.30
2009-01 342 58,968,837 20.64 8.194 632 85.53
2009-02 69 11,895,401 4.16 8.086 646 84.36
2009-08 1 312,102 0.11 7.625 662 80.00
2009-09 3 399,200 0.14 8.473 633 80.00
2009-10 12 1,565,330 0.55 8.404 636 83.69
2009-11 75 13,788,149 4.83 8.263 632 85.77
2009-12 103 18,611,222 6.51 7.981 640 86.22
2010-01 63 11,172,352 3.91 8.026 643 84.66
2010-02 15 2,603,732 0.91 8.375 611 79.97
2011-09 2 384,350 0.13 7.580 675 78.20
2011-11 10 1,950,822 0.68 8.135 637 88.71
2011-12 11 2,456,577 0.86 7.591 669 79.68
2012-01 9 1,792,812 0.63 7.932 648 88.00
2012-02 2 557,000 0.19 7.552 620 77.94
- -----------------------------------------------------------------------------------------------------------------------------------------
Total: 1,660 285,675,052 100.00 8.242 633 84.63
- -----------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
47
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP I COLLATERAL
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
Gross Margin*
- ---------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Gross Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Margin (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ---------------------------------------------------------------------------------------------------------------------------------
2.000 - 2.499 2 360,676 0.13 7.346 710 78.08
2.500 - 2.999 1 194,800 0.07 7.625 673 80.00
4.000 - 4.499 11 1,447,038 0.51 7.603 649 88.94
4.500 - 4.999 17 4,284,431 1.50 7.202 643 73.49
5.000 - 5.499 830 140,394,052 49.14 7.891 633 77.65
5.500 - 5.999 264 48,744,491 17.06 8.349 625 86.93
6.000 - 6.499 43 7,829,341 2.74 8.410 628 86.09
6.500 - 6.999 434 73,475,677 25.72 8.771 640 96.28
7.000 - 7.499 25 3,753,172 1.31 9.090 626 89.74
7.500 - 7.999 28 4,183,146 1.46 9.415 607 87.92
8.000 - 8.499 5 1,008,229 0.35 9.793 628 97.71
- ---------------------------------------------------------------------------------------------------------------------------------
Total: 1,660 285,675,052 100.00 8.242 633 84.63
- ---------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
48
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP I COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------------
Maximum Mortgage Rate*
- ---------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Maximum Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Mortgage Rate (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ---------------------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 1 229,600 0.08 8.250 615 80.00
11.500 - 11.999 7 1,411,763 0.49 5.794 701 79.42
12.000 - 12.499 31 7,073,307 2.48 6.257 663 78.99
12.500 - 12.999 110 22,551,687 7.89 6.746 668 80.55
13.000 - 13.499 186 36,348,921 12.72 7.225 658 82.79
13.500 - 13.999 329 62,512,463 21.88 7.713 643 82.15
14.000 - 14.499 238 43,693,011 15.29 8.197 630 84.54
14.500 - 14.999 288 46,870,181 16.41 8.693 621 84.37
15.000 - 15.499 163 23,211,623 8.13 9.174 612 87.82
15.500 - 15.999 159 23,135,618 8.10 9.708 601 88.67
16.000 - 16.499 53 6,610,021 2.31 10.198 598 92.59
16.500 - 16.999 48 6,742,373 2.36 10.680 605 96.64
17.000 - 17.499 24 2,970,214 1.04 11.206 595 99.54
17.500 - 17.999 17 1,774,127 0.62 11.736 588 99.10
18.000 - 18.499 5 496,166 0.17 12.126 593 100.00
18.500 - 18.999 1 43,978 0.02 12.750 597 100.00
- ---------------------------------------------------------------------------------------------------------------------------------------
Total: 1,660 285,675,052 100.00 8.242 633 84.63
- ---------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
49
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP I COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------------
Minimum Mortgage Rate*
- -------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Minimum Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Mortgage Rate (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 3 427,755 0.15 8.348 617 77.34
5.500 - 5.999 12 2,577,846 0.90 6.778 672 82.84
6.000 - 6.499 33 7,265,139 2.54 6.313 662 79.09
6.500 - 6.999 114 23,166,595 8.11 6.794 667 80.68
7.000 - 7.499 184 35,982,887 12.60 7.245 658 82.74
7.500 - 7.999 330 62,690,713 21.94 7.714 643 82.19
8.000 - 8.499 236 43,200,462 15.12 8.197 630 84.49
8.500 - 8.999 285 46,307,829 16.21 8.703 621 84.34
9.000 - 9.499 161 22,984,915 8.05 9.177 612 87.98
9.500 - 9.999 157 22,795,193 7.98 9.716 601 88.61
10.000 - 10.499 52 6,381,666 2.23 10.199 599 93.22
10.500 - 10.999 47 6,674,499 2.34 10.687 605 96.76
11.000 - 11.499 23 2,905,282 1.02 11.207 591 99.53
11.500 - 11.999 17 1,774,127 0.62 11.736 588 99.10
12.000 - 12.499 5 496,166 0.17 12.126 593 100.00
12.500 - 12.999 1 43,978 0.02 12.750 597 100.00
- -------------------------------------------------------------------------------------------------------------------------------------
Total: 1,660 285,675,052 100.00 8.242 633 84.63
- -------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
- --------------------------------------------------------------------------------------------------------------------------------------
Initial Periodic Rate Cap*
- --------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Initial Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Periodic Cap (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- --------------------------------------------------------------------------------------------------------------------------------------
1.000 7 1,967,500 0.69 6.927 617 73.75
2.000 12 2,364,352 0.83 8.292 617 81.94
2.250 1 146,597 0.05 7.875 619 80.00
3.000 1,637 280,631,123 98.23 8.251 634 84.75
5.000 1 229,600 0.08 8.250 615 80.00
6.000 2 335,879 0.12 8.348 608 72.99
- --------------------------------------------------------------------------------------------------------------------------------------
Total: 1,660 285,675,052 100.00 8.242 633 84.63
- --------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
50
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP I COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------------
Subsequent Periodic Rate Cap*
- ---------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Subsequent Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Periodic Cap (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ---------------------------------------------------------------------------------------------------------------------------------------
1.000 1,656 285,030,507 99.77 8.242 633 84.63
1.500 3 488,544 0.17 8.229 623 85.80
3.000 1 156,000 0.05 8.750 604 80.00
- ---------------------------------------------------------------------------------------------------------------------------------------
Total: 1,660 285,675,052 100.00 8.242 633 84.63
- ---------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
- ---------------------------------------------------------------------------------------------------------------------------------------
Lifetime Periodic Cap*
- ---------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Lifetime Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Periodic Cap (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ---------------------------------------------------------------------------------------------------------------------------------------
3.000 - 3.499 1 229,600 0.08 8.250 615 80.00
6.000 - 6.499 1,653 284,322,805 99.53 8.243 633 84.64
6.500 - 6.999 2 356,053 0.12 7.493 631 74.24
7.000 - 7.499 4 766,593 0.27 8.284 623 88.87
- ---------------------------------------------------------------------------------------------------------------------------------------
Total: 1,660 285,675,052 100.00 8.242 633 84.63
- ---------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
51
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP I COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------------
Original Prepayment Charge Term
- -----------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Prepayment Penalty Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Term (mos.) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------------
0 582 72,532,349 19.90 8.893 632 86.14
12 94 19,372,217 5.32 8.347 641 84.27
13 2 372,500 0.10 7.300 657 83.79
24 1,152 164,577,814 45.16 8.370 634 85.12
36 649 107,589,769 29.52 7.799 649 82.64
- -----------------------------------------------------------------------------------------------------------------------------------------
Total: 2,479 364,444,648 100.00 8.303 638 84.54
- -----------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
52
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP II COLLATERAL
- --------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------
SUMMARY - GROUP II POOL*
- ----------------------------------------------------------------------------------------------------------------------------
Number of Mortgage Loans 2,178|Index Type:
Aggregate Principal Balance $464,770,264| 6 Month LIBOR: 75.87%
Conforming Principal Balance Loans $276,210,291| Fixed Rate: 24.13%
Average Principal Balance: $213,393|W.A. Initial Periodic Cap: 2.988%
Range: $10,681 - $1,480,000|W.A. Subsequent Periodic Cap: 1.002%
W.A. Coupon: 7.969%|W.A. Lifetime Rate Cap: 6.004%
Range: 5.250% - 15.875%|Property Type:
W.A. Gross Margin: 5.61%| Single Family: 63.44%
Range: 2.250% - 8.250%| PUD: 28.89%
W.A. Remaining Term (months): 345| Condo: 6.03%
Range (months): 113-360| 2-4 Family: 1.64%
W.A. Seasoning (months): 2|Occupancy Status:
Latest Maturity Date: February 1, 2037| Primary: 98.95%
State Concentration (Top 5): | Investment: 0.91%
California: 44.24%| Second Home: 0.15%
Florida: 10.63%|Documentation Status:
Arizona: 4.88%| Full: 62.29%
Ohio: 4.58%| Stated: 26.27%
Texas: 3.53%| Limited: 6.59%
W.A. Original Combined LTV: 82.03%| None: 4.86%
Range: 17.53% - 100.00%|Non-Zero W.A. Prepayment Penalty - Term (months): 28
First Liens: 92.20%|Loans with Prepay Penalties: 79.74%
Second Liens: 7.80%|Interest Only Loans: 44.34%
Non-Balloon Loans: 74.84%|Non-Zero W.A. Interest Only Term (months): 60
Non-Zero W.A. FICO Score: 657|
- ----------------------------------------------------------------------------------------------------------------------------
* Subject to a permitted variance of +/- 10%
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
53
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP II COLLATERAL
- --------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------------------
Collateral Type
- -------------------------------------------------------------------------------------------------------------------------------------------
Number of Aggregate % of Aggregate W.A. W.A.
Initial Mortgage Remaining Remaining W.A. Non-Zero Original
Collateral Type Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -------------------------------------------------------------------------------------------------------------------------------------------
Fixed - 15 Year 8 1,037,370 0.22 6.649 650 55.66
Fixed - 20 Year 5 256,833 0.06 11.937 636 99.99
Fixed - 30 Year 214 62,634,219 13.48 6.566 700 69.90
Balloon - 10/30 17 904,418 0.19 11.875 633 99.87
Balloon - 15/30 420 25,208,877 5.42 11.415 649 99.30
Balloon - 20/30 101 8,190,368 1.76 11.141 673 99.83
Balloon - 30/40 57 13,186,756 2.84 7.662 665 81.64
Balloon - 30/50 1 749,827 0.16 6.375 779 89.29
ARM - 6 Month 2 692,272 0.15 8.048 657 91.91
ARM - 6 Month IO 4 802,899 0.17 8.891 602 81.33
ARM - 1 Year/6 Month 8 1,259,138 0.27 7.827 649 89.39
ARM - 1 Year/6 Month IO 3 1,604,000 0.35 7.093 645 80.00
ARM - 1 Year/6 Month 30/50 Balloon 1 849,765 0.18 5.875 667 74.89
ARM - 2 Year/6 Month 325 57,701,738 12.42 8.391 641 83.82
ARM - 2 Year/6 Month IO 489 151,997,143 32.70 7.854 657 81.40
ARM - 2 Year/6 Month 30/40 Balloon 111 29,514,304 6.35 8.060 653 83.20
ARM - 2 Year/6 Month 30/50 Balloon 65 24,153,612 5.20 8.056 633 84.18
ARM - 3 Year/6 Month 96 16,461,099 3.54 8.226 626 82.25
ARM - 3 Year/6 Month IO 170 44,025,079 9.47 7.327 643 84.07
ARM - 3 Year/6 Month 30/40 Balloon 16 4,597,005 0.99 8.212 659 88.46
ARM - 3 Year/6 Month 30/50 Balloon 21 7,704,097 1.66 7.266 653 80.95
ARM - 5 Year/6 Month 7 1,728,513 0.37 7.215 650 68.83
ARM - 5 Year/6 Month IO 31 7,630,299 1.64 7.661 663 80.11
ARM - 5 Year/6 Month 30/50 Balloon 6 1,880,635 0.40 7.897 633 85.97
- -------------------------------------------------------------------------------------------------------------------------------------------
Total: 2,178 464,770,264 100.00 7.969 657 82.03
- -------------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------------
IO Terms
- -----------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
IO Terms (mos.) Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------------
0 1,481 258,710,844 55.66 8.157 659 82.13
60 695 205,613,620 44.24 7.731 654 81.92
120 2 445,800 0.10 8.346 614 80.00
- -----------------------------------------------------------------------------------------------------------------------------------------
Total: 2,178 464,770,264 100.00 7.969 657 82.03
- -----------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
54
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP II COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------------
Principal Balance at Origination
- -----------------------------------------------------------------------------------------------------------------------------------------
Number of Aggregate % of Aggregate W.A. W.A.
Principal Balance at Initial Mortgage Remaining Remaining W.A. Non-Zero Original
Origination ($) Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00 275 9,602,675 2.07 11.425 634 96.94
50,000.01 - 100,000.00 473 35,155,802 7.56 10.089 638 90.58
100,000.01 - 150,000.00 305 37,539,288 8.08 8.730 635 84.68
150,000.01 - 200,000.00 268 47,106,057 10.14 8.043 637 82.39
200,000.01 - 250,000.00 212 47,250,116 10.17 7.872 643 83.22
250,000.01 - 300,000.00 155 42,552,265 9.16 7.956 651 83.00
300,000.01 - 350,000.00 92 29,901,657 6.43 7.899 653 84.87
350,000.01 - 400,000.00 67 25,132,558 5.41 7.896 654 81.91
400,000.01 - 450,000.00 79 33,930,447 7.30 7.434 661 81.05
450,000.01 - 500,000.00 70 33,219,101 7.15 7.382 665 79.74
500,000.01 - 550,000.00 53 27,678,440 5.96 7.479 662 80.01
550,000.01 - 600,000.00 38 21,662,029 4.66 6.882 681 81.00
600,000.01 - 650,000.00 22 13,736,146 2.96 7.178 661 77.38
650,000.01 - 700,000.00 13 8,773,141 1.89 6.849 696 74.36
700,000.01 - 750,000.00 10 7,307,769 1.57 7.149 672 74.38
750,000.01 - 800,000.00 12 9,402,618 2.02 7.025 685 66.92
800,000.01 - 850,000.00 5 4,178,594 0.90 7.035 700 76.39
850,000.01 - 900,000.00 3 2,612,549 0.56 7.363 673 80.00
900,000.01 - 950,000.00 5 4,667,834 1.00 7.651 712 78.99
950,000.01 - 1,000,000.00 7 6,900,369 1.48 7.352 699 77.62
1,000,000.01 greater than or equal to 14 16,460,810 3.54 7.406 721 73.00
- -----------------------------------------------------------------------------------------------------------------------------------------
Total: 2,178 464,770,264 100.00 7.969 657 82.03
- -----------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
55
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP II COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------------
Remaining Principal Balance
- ------------------------------------------------------------------------------------------------------------------------------------------
Number of Aggregate % of Aggregate W.A. W.A.
Remaining Principal Initial Remaining Remaining W.A. Non-Zero Original
Balance ($) Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00 276 9,628,783 2.07 11.430 634 96.95
50,000.01 - 100,000.00 472 35,129,694 7.56 10.087 638 90.57
100,000.01 - 150,000.00 306 37,688,957 8.11 8.730 635 84.67
150,000.01 - 200,000.00 268 47,156,319 10.15 8.032 637 82.39
200,000.01 - 250,000.00 211 47,050,186 10.12 7.881 643 83.24
250,000.01 - 300,000.00 155 42,552,265 9.16 7.956 651 83.00
300,000.01 - 350,000.00 92 29,901,657 6.43 7.899 653 84.87
350,000.01 - 400,000.00 67 25,132,558 5.41 7.896 654 81.91
400,000.01 - 450,000.00 79 33,930,447 7.30 7.434 661 81.05
450,000.01 - 500,000.00 70 33,219,101 7.15 7.382 665 79.74
500,000.01 - 550,000.00 54 28,228,130 6.07 7.492 662 80.30
550,000.01 - 600,000.00 37 21,112,339 4.54 6.850 682 80.63
600,000.01 - 650,000.00 22 13,736,146 2.96 7.178 661 77.38
650,000.01 - 700,000.00 13 8,773,141 1.89 6.849 696 74.36
700,000.01 - 750,000.00 10 7,307,769 1.57 7.149 672 74.38
750,000.01 - 800,000.00 12 9,402,618 2.02 7.025 685 66.92
800,000.01 - 850,000.00 5 4,178,594 0.90 7.035 700 76.39
850,000.01 - 900,000.00 3 2,612,549 0.56 7.363 673 80.00
900,000.01 - 950,000.00 5 4,667,834 1.00 7.651 712 78.99
950,000.01 - 1,000,000.00 7 6,900,369 1.48 7.352 699 77.62
1,000,000.01 greater than or equal to 14 16,460,810 3.54 7.406 721 73.00
- ------------------------------------------------------------------------------------------------------------------------------------------
Total: 2,178 464,770,264 100.00 7.969 657 82.03
- ------------------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------------------
Remaining Term
- -------------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Months Remaining Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -------------------------------------------------------------------------------------------------------------------------------------------
61 - 120 17 904,418 0.19 11.875 633 99.87
121 - 180 428 26,246,246 5.65 11.227 649 97.58
181 - 240 106 8,447,200 1.82 11.166 672 99.84
301 - 360 1,627 429,172,399 92.34 7.698 657 80.69
- -------------------------------------------------------------------------------------------------------------------------------------------
Total: 2,178 464,770,264 100.00 7.969 657 82.03
- -------------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
56
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP II COLLATERAL
- -----------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------------
Mortgage Rate
- ---------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Mortgage Rate (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ---------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 9 3,672,614 0.79 5.353 753 52.17
5.500 - 5.999 77 40,462,335 8.71 5.717 725 64.06
6.000 - 6.499 59 19,832,079 4.27 6.233 691 83.14
6.500 - 6.999 184 55,791,214 12.00 6.735 663 79.57
7.000 - 7.499 212 55,658,085 11.98 7.200 658 81.18
7.500 - 7.999 334 92,505,011 19.90 7.709 653 80.63
8.000 - 8.499 235 56,189,260 12.09 8.171 646 82.01
8.500 - 8.999 209 51,452,593 11.07 8.688 641 83.37
9.000 - 9.499 116 22,338,170 4.81 9.180 623 88.64
9.500 - 9.999 111 17,356,263 3.73 9.740 619 90.17
10.000 - 10.499 91 11,465,044 2.47 10.225 633 94.15
10.500 - 10.999 111 10,342,635 2.23 10.734 656 96.84
11.000 - 11.499 141 9,617,947 2.07 11.209 649 99.23
11.500 - 11.999 130 8,626,585 1.86 11.761 635 99.45
12.000 - 12.499 73 4,967,392 1.07 12.247 616 99.85
12.500 - 12.999 30 2,013,117 0.43 12.697 611 98.27
13.000 - 13.499 8 413,492 0.09 13.241 599 100.00
13.500 - 13.999 8 489,224 0.11 13.786 597 100.00
14.000 - 14.499 15 649,102 0.14 14.350 593 100.00
14.500 - 14.999 20 746,499 0.16 14.728 590 100.00
15.000 - 15.499 4 154,822 0.03 15.019 596 100.00
15.500 - 15.999 1 26,780 0.01 15.875 595 100.00
- ---------------------------------------------------------------------------------------------------------------------------------------
Total: 2,178 464,770,264 100.00 7.969 657 82.03
- ---------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
57
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP II COLLATERAL
- -----------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------------
Original Combined Loan-to-Value Ratio
- ------------------------------------------------------------------------------------------------------------------------------------------
Original Combined Number of Aggregate % of Aggregate W.A. W.A.
Loan-to-Value Initial Mortgage Remaining Remaining W.A. Non-Zero Original
Ratio (%) Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------------
Less than or Equal to 50.00 42 12,338,469 2.65 6.381 693 41.05
50.01 - 55.00 11 5,183,779 1.12 5.888 705 52.35
55.01 - 60.00 25 6,200,182 1.33 6.561 672 58.20
60.01 - 65.00 35 12,778,578 2.75 6.262 704 63.47
65.01 - 70.00 38 10,133,582 2.18 7.258 658 68.41
70.01 - 75.00 45 16,667,075 3.59 6.856 664 73.80
75.01 - 80.00 973 259,363,193 55.80 7.629 656 79.94
80.01 - 85.00 72 18,492,819 3.98 7.968 621 84.13
85.01 - 90.00 114 27,672,228 5.95 8.101 648 89.33
90.01 - 95.00 86 18,805,119 4.05 8.260 652 94.72
95.01 - 100.00 737 77,135,242 16.60 10.118 650 99.97
- ------------------------------------------------------------------------------------------------------------------------------------------
Total: 2,178 464,770,264 100.00 7.969 657 82.03
- ------------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
58
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP II COLLATERAL
- ---------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------
FICO Score at Origination
- ----------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
FICO Score Number of Aggregate Remaining Remaining W.A. Non-Zero Original
At Origination Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ----------------------------------------------------------------------------------------------------------------------------
1 - 499 1 79,896 0.02 10.125 492 100.00
500 - 524 1 99,865 0.02 8.000 505 74.07
525 - 549 27 4,406,451 0.95 9.065 545 71.42
550 - 574 62 10,851,629 2.33 9.026 563 77.94
575 - 599 230 34,590,389 7.44 9.452 588 84.91
600 - 624 399 65,412,678 14.07 8.574 612 84.10
625 - 649 528 105,952,706 22.80 8.074 639 83.88
650 - 674 481 100,630,983 21.65 7.863 660 83.62
675 - 699 240 63,526,680 13.67 7.508 686 82.11
700 - 724 107 35,788,028 7.70 7.189 711 78.73
725 - 749 41 15,343,053 3.30 7.055 737 72.81
750 - 774 31 15,628,450 3.36 7.103 763 76.52
775 - 799 26 11,289,355 2.43 6.181 785 71.43
800 - 824 4 1,170,103 0.25 5.467 807 48.78
- ----------------------------------------------------------------------------------------------------------------------------
Total: 2,178 464,770,264 100.00 7.969 657 82.03
- ----------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
59
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP II COLLATERAL
- ---------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------------------
Geographic Distribution*
- -------------------------------------------------------------------------------------------------------------------------------------------
Number of Aggregate % of Aggregate W.A. W.A.
Initial Mortgage Remaining Remaining W.A. Non-Zero Original
Location Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -------------------------------------------------------------------------------------------------------------------------------------------
California 575 205,635,706 44.24 7.460 677 79.21
Florida 270 49,396,496 10.63 7.839 648 82.28
Arizona 138 22,666,378 4.88 8.239 640 83.22
Ohio 168 21,296,948 4.58 8.119 631 86.11
Texas 141 16,424,066 3.53 8.660 649 86.63
Maryland 50 13,054,308 2.81 8.194 633 81.98
Nevada 69 12,386,347 2.67 8.540 642 84.83
Illinois 73 12,185,080 2.62 8.678 645 83.14
Virginia 58 10,549,182 2.27 8.485 639 84.92
Michigan 72 10,220,070 2.20 9.023 648 87.23
Washington 52 10,066,402 2.17 8.148 641 83.30
Georgia 39 6,696,533 1.44 8.439 649 87.55
Pennsylvania 39 5,845,924 1.26 8.793 633 88.71
Oregon 29 5,448,295 1.17 8.037 641 82.03
Colorado 34 5,350,194 1.15 8.157 648 83.65
New York 21 5,149,381 1.11 8.316 646 78.52
New Jersey 18 4,830,939 1.04 8.883 636 84.28
Tennessee 40 4,451,437 0.96 8.447 628 87.43
Connecticut 12 3,592,814 0.77 8.831 603 83.53
Missouri 29 3,485,226 0.75 9.376 632 90.58
North Carolina 26 3,475,135 0.75 9.089 628 85.62
Minnesota 20 3,358,225 0.72 8.322 651 83.44
Indiana 21 2,908,848 0.63 8.903 620 83.44
Kentucky 13 2,831,052 0.61 7.893 654 81.54
Arkansas 21 2,677,705 0.58 8.561 643 88.53
Louisiana 21 2,459,056 0.53 8.775 637 86.86
New Mexico 17 2,426,724 0.52 9.123 618 80.52
Mississippi 15 2,251,465 0.48 8.608 630 88.04
Wisconsin 16 2,010,531 0.43 8.855 633 91.61
South Carolina 11 1,923,265 0.41 9.708 634 84.26
Hawaii 4 1,216,625 0.26 7.663 657 68.31
Alabama 7 1,122,618 0.24 8.855 616 87.17
Utah 5 959,806 0.21 7.718 640 85.24
Idaho 7 925,809 0.20 8.633 620 79.94
- -------------------------------------------------------------------------------------------------------------------------------------------
*Geographic Distribution continued on the next page
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
60
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP II COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------------
Geographic Distribution (Continued)
- --------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Location Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- --------------------------------------------------------------------------------------------------------------------------------------
Montana 3 716,552 0.15 10.028 564 81.89
Oklahoma 8 709,667 0.15 8.068 645 84.51
District of Columbia 2 674,796 0.15 8.435 680 89.34
Massachusetts 4 648,742 0.14 9.622 625 80.66
West Virginia 2 509,925 0.11 8.677 638 80.00
Iowa 7 460,305 0.10 9.400 629 91.35
Delaware 5 391,343 0.08 10.208 616 92.33
South Dakota 6 341,250 0.07 9.381 636 93.40
New Hampshire 2 284,070 0.06 9.682 601 89.19
Kansas 5 265,779 0.06 10.440 647 95.81
Wyoming 1 170,981 0.04 8.250 581 80.00
Maine 1 167,866 0.04 7.125 693 100.00
Alaska 1 150,400 0.03 9.625 542 80.00
- --------------------------------------------------------------------------------------------------------------------------------------
Total: 2,178 464,770,264 100.00 7.969 657 82.03
- --------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
61
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP II COLLATERAL
- ---------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------------
Occupancy Status
- --------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Occupancy Status Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- --------------------------------------------------------------------------------------------------------------------------------------
Primary 2,150 459,866,969 98.95 7.966 657 82.04
Investment 23 4,214,848 0.91 8.395 647 80.04
Second Home 5 688,447 0.15 7.478 658 85.55
- --------------------------------------------------------------------------------------------------------------------------------------
Total: 2,178 464,770,264 100.00 7.969 657 82.03
- --------------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------------
Documentation Type
- ---------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Program Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ---------------------------------------------------------------------------------------------------------------------------------------
Full 1,354 289,496,095 62.29 7.822 649 81.75
Stated Documentation 584 122,089,834 26.27 8.144 669 82.88
Limited 96 30,614,435 6.59 8.293 673 81.85
No Documentation 144 22,569,900 4.86 8.469 664 81.36
- ---------------------------------------------------------------------------------------------------------------------------------------
Total: 2,178 464,770,264 100.00 7.969 657 82.03
- ---------------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------------
Loan Purpose
- ---------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Purpose Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ---------------------------------------------------------------------------------------------------------------------------------------
Purchase 1,693 319,944,176 68.84 8.264 656 84.69
Refinance - Cashout 418 121,432,980 26.13 7.411 654 76.94
Refinance - Rate Term 67 23,393,108 5.03 6.822 685 72.12
- ---------------------------------------------------------------------------------------------------------------------------------------
Total: 2,178 464,770,264 100.00 7.969 657 82.03
- ---------------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------------------
Property Type
- --------------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Property Type Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- --------------------------------------------------------------------------------------------------------------------------------------------
Single Family Residence 1,312 294,860,924 63.44 7.925 661 81.22
PUD 672 134,270,052 28.89 7.996 647 83.28
Condo 156 28,034,882 6.03 8.230 656 84.42
2-4 Family 38 7,604,406 1.64 8.218 662 82.79
- --------------------------------------------------------------------------------------------------------------------------------------------
Total: 2,178 464,770,264 100.00 7.969 657 82.03
- --------------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
62
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP II COLLATERAL
- -----------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------------
Rate Adjustment*
- -----------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Month & Year of Next Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Rate Adjustment Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------------
2007-05 2 391,399 0.11 8.694 598 79.71
2007-06 2 352,582 0.10 9.016 628 91.91
2007-07 2 751,190 0.21 8.159 643 86.95
2007-11 4 353,103 0.10 9.255 622 85.61
2007-12 5 1,709,354 0.48 7.200 644 80.25
2008-01 3 1,337,946 0.38 6.981 649 83.96
2008-02 1 648,000 0.18 6.875 675 90.00
2008-03 1 195,238 0.06 9.600 634 94.96
2008-06 1 106,694 0.03 8.400 610 90.00
2008-07 3 812,366 0.23 6.662 660 82.45
2008-08 4 1,663,784 0.47 8.133 648 71.05
2008-09 18 5,250,964 1.49 7.800 664 80.00
2008-10 45 12,998,514 3.69 8.283 641 81.81
2008-11 286 76,175,981 21.60 7.994 649 81.18
2008-12 305 80,539,650 22.84 8.033 652 83.42
2009-01 254 66,236,541 18.79 8.012 650 83.36
2009-02 72 19,051,565 5.40 7.891 652 81.04
2009-09 1 278,709 0.08 8.500 612 90.00
2009-10 15 3,245,396 0.92 7.993 633 81.49
2009-11 83 18,908,068 5.36 7.847 637 83.87
2009-12 104 25,350,434 7.19 7.455 642 82.96
2010-01 83 21,418,313 6.07 7.422 648 84.89
2010-02 17 3,586,360 1.02 7.548 619 80.48
2011-09 1 152,447 0.04 9.875 580 80.00
2011-11 10 2,076,600 0.59 8.398 633 77.40
2011-12 13 2,721,969 0.77 7.642 648 79.53
2012-01 18 5,172,831 1.47 7.090 655 79.90
2012-02 2 1,115,600 0.32 8.388 734 80.00
- -----------------------------------------------------------------------------------------------------------------------------------------
Total: 1,355 352,601,597 100.00 7.904 649 82.56
- -----------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
63
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP II COLLATERAL
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
Gross Margin*
- ---------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Gross Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Margin (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ---------------------------------------------------------------------------------------------------------------------------------
2.000 - 2.499 3 718,864 0.20 6.912 659 80.00
2.500 - 2.999 3 510,740 0.14 7.519 634 80.00
3.000 - 3.499 2 1,310,176 0.37 7.847 636 80.00
4.000 - 4.499 7 1,523,916 0.43 7.767 635 81.21
4.500 - 4.999 14 3,367,894 0.96 7.299 659 79.11
5.000 - 5.499 909 242,052,809 68.65 7.646 652 78.94
5.500 - 5.999 141 36,373,394 10.32 8.066 637 86.81
6.000 - 6.499 27 8,230,573 2.33 8.229 642 84.85
6.500 - 6.999 221 53,113,215 15.06 8.823 645 95.48
7.000 - 7.499 17 2,743,617 0.78 9.184 642 87.80
7.500 - 7.999 10 2,378,915 0.67 9.575 622 93.03
8.000 - 8.499 1 277,484 0.08 10.250 546 70.00
- ---------------------------------------------------------------------------------------------------------------------------------
Total: 1,355 352,601,597 100.00 7.904 649 82.56
- ---------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
64
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP II COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------------
Maximum Mortgage Rate*
- ---------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Maximum Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Mortgage Rate (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ---------------------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 2 331,080 0.09 5.291 639 80.00
11.500 - 11.999 15 5,029,012 1.43 5.785 674 77.99
12.000 - 12.499 42 14,390,780 4.08 6.240 681 83.50
12.500 - 12.999 150 48,314,250 13.70 6.731 664 79.51
13.000 - 13.499 195 51,675,891 14.66 7.198 658 81.13
13.500 - 13.999 297 83,907,829 23.80 7.707 654 80.76
14.000 - 14.499 206 52,376,906 14.85 8.167 646 81.99
14.500 - 14.999 176 46,835,340 13.28 8.690 642 83.03
15.000 - 15.499 97 20,417,856 5.79 9.184 622 88.82
15.500 - 15.999 81 14,939,195 4.24 9.703 609 88.82
16.000 - 16.499 37 6,552,280 1.86 10.185 600 91.52
16.500 - 16.999 25 3,221,854 0.91 10.617 594 92.47
17.000 - 17.499 9 1,641,176 0.47 11.114 595 99.14
17.500 - 17.999 10 1,333,260 0.38 11.473 648 99.43
18.000 - 18.499 7 1,047,994 0.30 12.162 589 100.00
18.500 - 18.999 2 150,848 0.04 12.622 586 94.90
19.000 - 19.499 1 54,962 0.02 13.049 595 100.00
19.500 - 19.999 2 265,900 0.08 13.786 589 100.00
20.500 - 20.999 1 115,182 0.03 14.625 586 100.00
- ---------------------------------------------------------------------------------------------------------------------------------------
Total: 1,355 352,601,597 100.00 7.904 649 82.56
- ---------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
65
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP II COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------------------
Minimum Mortgage Rate*
- -------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Minimum Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Mortgage Rate (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -------------------------------------------------------------------------------------------------------------------------------------
2.500 - 2.999 2 302,740 0.09 7.875 638 80.00
4.500 - 4.999 1 49,896 0.01 7.875 689 20.83
5.000 - 5.499 5 1,364,265 0.39 6.974 627 69.52
5.500 - 5.999 16 5,307,721 1.51 5.928 671 78.62
6.000 - 6.499 42 14,390,780 4.08 6.240 681 83.50
6.500 - 6.999 149 47,927,250 13.59 6.731 664 79.76
7.000 - 7.499 195 51,709,706 14.67 7.200 658 81.17
7.500 - 7.999 294 83,882,976 23.79 7.708 654 80.79
8.000 - 8.499 205 51,663,366 14.65 8.168 646 82.02
8.500 - 8.999 174 46,262,388 13.12 8.694 643 83.01
9.000 - 9.499 98 20,949,015 5.94 9.179 622 88.66
9.500 - 9.999 81 14,603,275 4.14 9.727 608 89.13
10.000 - 10.499 37 6,552,280 1.86 10.185 600 91.52
10.500 - 10.999 25 3,400,944 0.96 10.690 613 93.15
11.000 - 11.499 9 1,641,176 0.47 11.114 595 99.14
11.500 - 11.999 9 958,932 0.27 11.756 595 99.21
12.000 - 12.499 7 1,047,994 0.30 12.162 589 100.00
12.500 - 12.999 2 150,848 0.04 12.622 586 94.90
13.000 - 13.499 1 54,962 0.02 13.049 595 100.00
13.500 - 13.999 2 265,900 0.08 13.786 589 100.00
14.500 - 14.999 1 115,182 0.03 14.625 586 100.00
- -------------------------------------------------------------------------------------------------------------------------------------
Total: 1,355 352,601,597 100.00 7.904 649 82.56
- -------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
66
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP II COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------------
Initial Periodic Rate Cap*
- --------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Initial Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Periodic Cap (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- --------------------------------------------------------------------------------------------------------------------------------------
1.000 5 1,352,589 0.38 8.580 623 86.88
1.500 1 195,238 0.06 9.600 634 94.96
2.000 13 4,012,311 1.14 7.142 645 80.12
3.000 1,329 345,883,442 98.09 7.907 649 82.54
3.050 1 99,817 0.03 8.500 644 100.00
4.000 1 154,911 0.04 12.000 597 100.00
5.000 1 243,830 0.07 8.380 628 95.00
6.000 4 659,460 0.19 7.695 649 80.00
- --------------------------------------------------------------------------------------------------------------------------------------
Total: 1,355 352,601,597 100.00 7.904 649 82.56
- --------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
- ---------------------------------------------------------------------------------------------------------------------------------------
Subsequent Periodic Rate Cap*
- ---------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Subsequent Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Periodic Cap (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ---------------------------------------------------------------------------------------------------------------------------------------
1.000 1,351 351,968,499 99.82 7.903 649 82.55
1.500 1 195,238 0.06 9.600 634 94.96
2.000 3 437,860 0.12 7.566 658 80.00
- ---------------------------------------------------------------------------------------------------------------------------------------
Total: 1,355 352,601,597 100.00 7.904 649 82.56
- ---------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
- ---------------------------------------------------------------------------------------------------------------------------------------
Lifetime Periodic Cap*
- ---------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Lifetime Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Periodic Cap (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ---------------------------------------------------------------------------------------------------------------------------------------
6.000 - 6.499 1,350 350,638,847 99.44 7.898 649 82.54
6.500 - 6.999 3 1,393,184 0.40 8.430 643 80.86
7.000 - 7.499 2 569,566 0.16 10.356 733 98.27
- ---------------------------------------------------------------------------------------------------------------------------------------
Total: 1,355 352,601,597 100.00 7.904 649 82.56
- ---------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
67
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP II COLLATERAL
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------------
Original Prepayment Charge Term
- -----------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Prepayment Penalty Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Term (mos.) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------------
0 570 94,165,371 20.26 8.774 644 84.65
6 6 2,367,468 0.51 7.775 680 78.03
12 87 25,144,808 5.41 8.334 655 82.81
13 2 693,019 0.15 7.753 679 78.65
24 960 207,049,902 44.55 8.169 655 84.14
36 432 113,301,191 24.38 6.979 676 75.43
48 120 21,749,886 4.68 7.363 628 84.69
60 1 298,620 0.06 6.500 652 80.00
- -----------------------------------------------------------------------------------------------------------------------------------------
Total: 2,178 464,770,264 100.00 7.969 657 82.03
- -----------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
68
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust Series 2007-ASAP1
- ------------------------------------------------------------------------------------------------------------------------------------
FOR ADDITIONAL INFORMATION PLEASE CALL:
- -----------------------------------------------------------------------------------------
Deutsche Bank Securities
- -----------------------------------------------------------------------------------------
Whole Loan Trading
------------------
Michael Commaroto 212-250-3114
Paul Mangione 212-250-5786
Adam Simms 212-250-8119
ABS Banking
-----------
Sue Valenti 212-250-3455
Rika Yano 212-250-6997
Karan Mehta 212-250-0869
Roxana McKinney 212-250-0848
ABS Structuring
---------------
Bill Yeung 212-250-6893
Christopher Sudol 212-250-0507
ABS Collateral
--------------
Reta Chandra 212-250-2729
Justice Asante 212-250-8595
- -----------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing
prospectus 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 this offering. You may get these documents
for free 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 if you request it by calling DBSI's trading desk at
212-250-7730. 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. The information in this free writing prospectus is preliminary and is subject to
completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase,
supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool
assets and the structure. Any such assumptions are subject to change.
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