Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Number 333-117573
Filed Pursuant to Rule 433
Registration Number 333-117573
Origen Manufactured Housing Contract Trust 2007-A
Issuing Entity
Origen Residential Securities, Inc.
Depositor
Origen Financial L.L.C.
Sponsor, Originator and Servicer
Origen Servicing, Inc
Subservicer
Origen Securitization Company, LLC
Seller
Origen Manufactured Housing Contract Trust Collateralized Notes, Series 2007-A, Class A-1
Subject to Revision
April 23, 2007
April 23, 2007
Citigroup Global Markets Inc. (“CGM”) is not acting as your advisor or agent. Prior to entering into any transaction, you should determine, without reliance upon CGM or its affiliates, the economic risks and merits, as well as the legal, tax and accounting characterizations and consequences of the transaction, and independently determine that you are able to assume these risks. CGM is not in the business of providing legal, tax or accounting advice, (b) there may be legal, tax or accounting risks associated with the transaction, (c) you should receive legal, tax and accounting advice from advisors with appropriate expertise to assess relevant risks, and (d) you should apprise senior management in your organization as to the legal, tax and accounting advice (and, if applicable, risks) associated with this transaction and CGM’s disclaimers as to these matters.
1
IMPORTANT NOTICE REGARDING THE CONDITIONS
FOR THIS OFFERING OF COLLATERALIZED NOTES
FOR THIS OFFERING OF COLLATERALIZED NOTES
The issuer 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 issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-877-858-5407.
This free writing prospectus does not 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 similar information contained in any prior free writing prospectus relating to these securities.
This free writing prospectus does not constitute 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 securities referred to in this free writing prospectus are being offered when, as and if issued. The issuer is not obligated to issue such securities or any similar security and our obligation to deliver such security is subject to the terms and conditions of our underwriting agreement with the issuer and the availability of such security when, as and if issued by the issuer. You are advised that the terms of the securities, and the characteristics of the asset pool backing them, may change (due, among other things, to the possibility that assets comprising the pool may become delinquent or defaulted or may be removed or replaced and that similar or different assets may be added to the pool, and that one or more classes or securities may be split, combined or eliminated), at any time prior to issuance or availability of a final prospectus. You are advised that securities may not be issued that have the characteristics described in this free writing prospectus. Our obligation to sell securities to you is conditioned on the assets and securities having the characteristics described in this free writing prospectus. If for any reason we do not deliver such securities, we will notify you, and neither the issuer nor any underwriter will have any obligation to you to deliver all or any portion of the securities which you have committed to purchase, and none of the issuer nor any underwriter will be liable for any costs or damages whatsoever arising from or related to such non-delivery.
IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS
Any legends, disclaimers or other notices that may appear with this communication to which this free writing prospectus is attached relating to:
(1) these materials not constituting an offer (or a solicitation of an offer),
(2) no representation that these materials are accurate or complete and may not be updated, or
(3) these materials possibly being confidential
are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.
2
The Contract Pool
The following tables and statistics relate to a representative pool of contracts as of April 1, 2007.
Summary of Contracts | ||
Statistical Cut-Off Date: | April 1, 2007 | |
Number of Initial Contracts: | 3,400 | |
Aggregate Principal Balance: | $200,423,695.60 | |
States with more than 5% of the contracts, by principal balance: | California: 54.20% | |
Percentage of New / Percentage of Used: | 44.09% / 55.91% | |
Weighted Average Original LTV(1): | 81.99% | |
Original LTV Ratio Range(1): | 9.11% to 100.00% | |
Weighted Average Original LTI(2): | 120.36% | |
Current Principal Balance Range: | $6,765.16 to $384,653.73 | |
Average Current Principal Balance: | $58,948.15 | |
Contract Rates Range: | 5.500% to 14.500% | |
Weighted Average Contract Rate: | 9.409% | |
Weighted Average Remaining Term to Stated Maturity: | 225 months | |
Remaining Term to Stated Maturity Range: | 47 months to 360 months | |
Weighted Average Original Months to Maturity: | 230 months | |
Original Months to Maturity Range: | 55 months to 360 months | |
Latest Maturity Date: | April 1, 2037 | |
Weighted Average Credit Score(3): | 726 |
(1) | Weighted average and range for which loan-to-value ratios were calculated. | |
(2) | Weighted average for which loan-to-invoice ratios were calculated and are greater than zero. | |
(3) | Where credit scores are available. |
3
Geographical Distribution of Contract Obligors
% of Contract Pool | ||||||||||||
Number of | Aggregate Principal | by Outstanding | ||||||||||
Contracts as of | Balance Outstanding | Principal Balance as | ||||||||||
Statistical | as of Statistical | of Statistical | ||||||||||
Geographic Distribution | Calculation Date | Calculation Date | Calculation Date | |||||||||
California | 1,276 | $ | 108,634,189.31 | 54.20 | % | |||||||
Arizona | 141 | 8,829,543.42 | 4.41 | |||||||||
Texas | 193 | 7,789,114.60 | 3.89 | |||||||||
Florida | 156 | 7,766,473.14 | 3.88 | |||||||||
New York | 150 | 6,341,581.82 | 3.16 | |||||||||
Oregon | 136 | 6,002,573.96 | 2.99 | |||||||||
Mississippi | 104 | 4,516,609.77 | 2.25 | |||||||||
Washington | 85 | 4,336,793.65 | 2.16 | |||||||||
Michigan | 129 | 3,836,384.79 | 1.91 | |||||||||
South Carolina | 80 | 3,214,871.22 | 1.60 | |||||||||
Georgia | 70 | 3,076,439.14 | 1.53 | |||||||||
Alabama | 72 | 2,918,685.15 | 1.46 | |||||||||
Louisiana | 63 | 2,701,026.12 | 1.35 | |||||||||
Minnesota | 64 | 2,333,769.21 | 1.16 | |||||||||
Oklahoma | 54 | 2,177,519.57 | 1.09 | |||||||||
Pennsylvania | 53 | 2,050,136.26 | 1.02 | |||||||||
Colorado | 50 | 2,031,646.22 | 1.01 | |||||||||
New Mexico | 36 | 1,730,565.38 | 0.86 | |||||||||
Arkansas | 40 | 1,672,658.75 | 0.83 | |||||||||
Nevada | 26 | 1,559,697.54 | 0.78 | |||||||||
Montana | 27 | 1,466,583.97 | 0.73 | |||||||||
North Carolina | 40 | 1,419,833.80 | 0.71 | |||||||||
Missouri | 36 | 1,383,093.94 | 0.69 | |||||||||
Virginia | 24 | 1,284,920.98 | 0.64 | |||||||||
Tennessee | 21 | 1,096,000.33 | 0.55 | |||||||||
Kansas | 30 | 1,039,834.54 | 0.52 | |||||||||
Wyoming | 20 | 996,733.10 | 0.50 | |||||||||
West Virginia | 23 | 966,153.31 | 0.48 | |||||||||
Indiana | 27 | 960,175.78 | 0.48 | |||||||||
Kentucky | 25 | 912,818.02 | 0.46 | |||||||||
Ohio | 30 | 867,448.29 | 0.43 | |||||||||
Utah | 23 | 768,156.25 | 0.38 | |||||||||
Idaho | 17 | 619,086.75 | 0.31 | |||||||||
Maryland | 11 | 529,580.12 | 0.26 | |||||||||
Iowa | 15 | 449,295.24 | 0.22 | |||||||||
Illinois | 12 | 436,041.39 | 0.22 | |||||||||
Wisconsin | 11 | 430,971.15 | 0.22 | |||||||||
South Dakota | 8 | 429,540.45 | 0.21 | |||||||||
Delaware | 10 | 318,840.24 | 0.16 | |||||||||
Maine | 2 | 165,695.50 | 0.08 | |||||||||
Vermont | 4 | 142,370.66 | 0.07 | |||||||||
New Hampshire | 2 | 75,296.53 | 0.04 | |||||||||
North Dakota | 1 | 53,269.14 | 0.03 | |||||||||
Nebraska | 2 | 48,649.18 | 0.02 | |||||||||
New Jersey | 1 | 43,027.93 | 0.02 | |||||||||
Total | 3,400 | $ | 200,423,695.60 | 100.00 | % | |||||||
4
Year of Origination of Contracts
% of Contract Pool | ||||||||||||
Aggregate Principal | by Outstanding | |||||||||||
Number of Contracts | Balance Outstanding | Principal Balance | ||||||||||
as of Statistical | as of Statistical | as of Statistical | ||||||||||
Year of Origination | Calculation Date | Calculation Date | Calculation Date | |||||||||
1998 | 4 | $ | 121,915.34 | 0.06 | % | |||||||
1999 | 36 | 1,318,484.49 | 0.66 | |||||||||
2000 | 1 | 29,474.84 | 0.01 | |||||||||
2002 | 5 | 158,729.68 | 0.08 | |||||||||
2003 | 1 | 28,634.39 | 0.01 | |||||||||
2004 | 3 | 155,210.92 | 0.08 | |||||||||
2005 | 8 | 956,597.28 | 0.48 | |||||||||
2006 | 2,145 | 127,499,818.44 | 63.62 | |||||||||
2007 | 1,197 | 70,154,830.22 | 35.00 | |||||||||
Total | 3,400 | $ | 200,423,695.60 | 100.00 | % | |||||||
Distribution of Original Contract Amounts
% of Contract Pool | ||||||||||||
Aggregate Principal | by Outstanding | |||||||||||
Number of Contracts | Balance Outstanding | Principal Balance | ||||||||||
Range of Original Contract | as of Statistical | as of Statistical | as of Statistical | |||||||||
Amounts (in Dollars) | Calculation Date | Calculation Date | Calculation Date | |||||||||
Less than $10,000.01 | 17 | $ | 143,852.24 | 0.07 | % | |||||||
$10,000.01 to $20,000.00 | 292 | 4,567,800.11 | 2.28 | |||||||||
$20,000.01 to $30,000.00 | 470 | 11,574,004.01 | 5.77 | |||||||||
$30,000.01 to $40,000.00 | 543 | 18,745,070.56 | 9.35 | |||||||||
$40,000.01 to $50,000.00 | 482 | 21,435,927.60 | 10.70 | |||||||||
$50,000.01 to $60,000.00 | 336 | 18,298,494.45 | 9.13 | |||||||||
$60,000.01 to $70,000.00 | 272 | 17,481,986.76 | 8.72 | |||||||||
$70,000.01 to $80,000.00 | 224 | 16,699,578.27 | 8.33 | |||||||||
$80,000.01 to $90,000.00 | 161 | 13,538,701.69 | 6.76 | |||||||||
$90,000.01 to $100,000.00 | 117 | 10,988,525.42 | 5.48 | |||||||||
$100,000.01 to $110,000.00 | 103 | 10,573,035.98 | 5.28 | |||||||||
$110,000.01 to $120,000.00 | 91 | 10,413,550.88 | 5.20 | |||||||||
$120,000.01 to $130,000.00 | 64 | 7,986,547.73 | 3.98 | |||||||||
$130,000.01 to $140,000.00 | 49 | 6,580,812.27 | 3.28 | |||||||||
$140,000.01 to $150,000.00 | 45 | 6,501,468.30 | 3.24 | |||||||||
$150,000.01 to $160,000.00 | 39 | 5,991,934.31 | 2.99 | |||||||||
$160,000.01 or greater | 95 | 18,902,405.02 | 9.43 | |||||||||
Total | 3,400 | $ | 200,423,695.60 | 100.00 | % | |||||||
The largest original contract amount is $388,413.00, which represents 0.19% of the aggregate principal balance of the contracts as of the statistical calculation date.
5
Distribution of Remaining Amounts for Contracts
% of Contract Pool | ||||||||||||
Aggregate Principal | by Outstanding | |||||||||||
Number of Contracts | Balance Outstanding | Principal Balance | ||||||||||
Range of Remaining Contract | as of Statistical | as of Statistical | as of Statistical | |||||||||
Amounts (in Dollars) | Calculation Date | Calculation Date | Calculation Date | |||||||||
Less than $10,000.01 | 20 | $ | 172,801.68 | 0.09 | % | |||||||
$10,000.01 to $20,000.00 | 308 | 4,884,692.51 | 2.44 | |||||||||
$20,000.01 to $30,000.00 | 482 | 12,101,093.17 | 6.04 | |||||||||
$30,000.01 to $40,000.00 | 537 | 18,814,628.14 | 9.39 | |||||||||
$40,000.01 to $50,000.00 | 479 | 21,526,665.15 | 10.74 | |||||||||
$50,000.01 to $60,000.00 | 332 | 18,270,682.98 | 9.12 | |||||||||
$60,000.01 to $70,000.00 | 262 | 16,979,881.63 | 8.47 | |||||||||
$70,000.01 to $80,000.00 | 227 | 17,020,145.94 | 8.49 | |||||||||
$80,000.01 to $90,000.00 | 163 | 13,813,596.05 | 6.89 | |||||||||
$90,000.01 to $100,000.00 | 115 | 10,900,158.34 | 5.44 | |||||||||
$100,000.01 to $110,000.00 | 96 | 10,001,063.20 | 4.99 | |||||||||
$110,000.01 to $120,000.00 | 93 | 10,693,385.38 | 5.34 | |||||||||
$120,000.01 to $130,000.00 | 62 | 7,782,984.02 | 3.88 | |||||||||
$130,000.01 to $140,000.00 | 48 | 6,483,867.64 | 3.24 | |||||||||
$140,000.01 to $150,000.00 | 45 | 6,523,542.08 | 3.25 | |||||||||
$150,000.01 to $160,000.00 | 37 | 5,708,530.68 | 2.85 | |||||||||
$160,000.01 or greater | 94 | 18,745,977.02 | 9.35 | |||||||||
Total | 3,400 | $ | 200,423,695.60 | 100.00 | % | |||||||
The average outstanding principal balance of the contracts included in the statistical pool, as of the statistical calculation date, was 58,948.15 and the outstanding principal balances of the contracts included in the statistical pool ranged from $6,765.16 to $384,653.73 as of the statistical calculation date.
6
Distribution of Original Loan-to-Value Ratios of Contracts
% of Contract Pool | ||||||||||||
Number of | Aggregate Principal | by Outstanding | ||||||||||
Contracts as of | Balance Outstanding | Principal Balances | ||||||||||
Statistical | as of Statistical | of Statistical | ||||||||||
Range of Original Loan-to-Value Ratios | Calculation Date | Calculation Date | Calculation Date | |||||||||
Not Calculated(1) | 277 | $ | 12,057,379.65 | 6.02 | % | |||||||
5.01% to 10.00% | 3 | 142,153.23 | 0.07 | |||||||||
10.01% to 15.00% | 1 | 24,560.26 | 0.01 | |||||||||
15.01% to 20.00% | 8 | 206,381.91 | 0.10 | |||||||||
20.01% to 25.00% | 11 | 320,638.58 | 0.16 | |||||||||
25.01% to 30.00% | 18 | 741,995.19 | 0.37 | |||||||||
30.01% to 35.00% | 21 | 752,649.31 | 0.38 | |||||||||
35.01% to 40.00% | 40 | 1,480,596.29 | 0.74 | |||||||||
40.01% to 45.00% | 48 | 2,231,954.03 | 1.11 | |||||||||
45.01% to 50.00% | 52 | 2,981,369.39 | 1.49 | |||||||||
50.01% to 55.00% | 69 | 3,543,197.78 | 1.77 | |||||||||
55.01% to 60.00% | 93 | 5,099,597.02 | 2.54 | |||||||||
60.01% to 65.00% | 132 | 7,429,756.90 | 3.71 | |||||||||
65.01% to 70.00% | 95 | 6,985,358.07 | 3.49 | |||||||||
70.01% to 75.00% | 143 | 8,611,760.24 | 4.30 | |||||||||
75.01% to 80.00% | 237 | 18,717,091.60 | 9.34 | |||||||||
80.01% to 85.00% | 420 | 24,851,884.23 | 12.40 | |||||||||
85.01% to 90.00% | 624 | 34,410,194.28 | 17.17 | |||||||||
90.01% to 95.00% | 843 | 55,847,700.85 | 27.86 | |||||||||
95.01% to 100.00% | 265 | 13,987,476.80 | 6.98 | |||||||||
Total | 3,400 | $ | 200,423,695.60 | 100.00 | % | |||||||
(1) | Loan-to-value ratios are not calculated for chattel-only contracts originated as part of rate and term refinancings. |
The weighted average original loan-to-value ratio of the contracts included in the statistical pool, for which loan-to-value ratios were calculated, as of the statistical calculation date, was 81.99%.
7
Distribution of Original Loan-to-Invoice Ratios of Contracts
% of Contract Pool | ||||||||||||
Aggregate Principal | by Outstanding | |||||||||||
Number of Contracts | Balance Outstanding | Principal Balance | ||||||||||
as of Statistical | as of Statistical | as of Statistical | ||||||||||
Range of Original Loan-to-Invoice Ratios | Calculation Date | Calculation Date | Calculation Date | |||||||||
Not Calculated(1) | 1,343 | $ | 114,228,370.89 | 56.99 | % | |||||||
0.00% to 0.00% | 1 | 52,079.17 | 0.03 | |||||||||
0.01% to 25.00% | 5 | 123,815.19 | 0.06 | |||||||||
25.01% to 50.00% | 63 | 1,363,541.30 | 0.68 | |||||||||
50.01% to 75.00% | 231 | 6,269,034.91 | 3.13 | |||||||||
75.01% to 100.00% | 664 | 21,751,070.60 | 10.85 | |||||||||
100.01% to 110.00% | 152 | 5,635,649.36 | 2.81 | |||||||||
110.01% to 120.00% | 143 | 6,450,597.97 | 3.22 | |||||||||
120.01% to 130.00% | 180 | 9,127,540.63 | 4.55 | |||||||||
130.01% to 140.00% | 191 | 10,054,006.14 | 5.02 | |||||||||
140.01% to 150.00% | 137 | 8,057,247.28 | 4.02 | |||||||||
150.01% to 160.00% | 119 | 6,900,884.00 | 3.44 | |||||||||
160.01% to 170.00% | 82 | 5,233,121.92 | 2.61 | |||||||||
170.01% to 180.00% | 44 | 2,635,722.90 | 1.32 | |||||||||
180.01% to 190.00% | 18 | 1,145,651.66 | 0.57 | |||||||||
190.01% to 200.00% | 15 | 812,518.87 | 0.41 | |||||||||
200.01% to 210.00% | 5 | 283,176.24 | 0.14 | |||||||||
220.01% or greater | 7 | 299,666.58 | 0.15 | |||||||||
Total | 3,400 | $ | 200,423,695.60 | 100.00 | % | |||||||
(1) | Contracts for which loan-to-invoice ratios are not calculated consist of contracts, for which the loan amounts are determined based on appraisals, including land home contracts and contracts originated under the Comparable Appraisal Program. |
The weighted average original ratio of loan amounts to manufacturer’s invoice price for the related manufactured homes, for the contracts included in the statistical pool for which loan-to-invoice ratios were calculated and are greater than zero, as of the statistical calculation date, was 120.36%.
8
Current Contract Rate for Contracts
Aggregate Principal | % of Contract Pool by | |||||||||||
Number of Contracts as of | Balance Outstanding as of | Outstanding Principal | ||||||||||
Statistical Calculation | Statistical Calculation | Balance as of Statistical | ||||||||||
Range of Contract Rates | Date | Date | Calculation Date | |||||||||
5.000% to 5.999% | 2 | $ | 288,797.76 | 0.14 | % | |||||||
6.000% to 6.999% | 30 | 3,431,334.12 | 1.71 | |||||||||
7.000% to 7.999% | 112 | 9,378,041.50 | 4.68 | |||||||||
8.000% to 8.999% | 747 | 52,849,072.94 | 26.37 | |||||||||
9.000% to 9.999% | 1,209 | 75,664,727.54 | 37.75 | |||||||||
10.000% to 10.999% | 820 | 41,225,689.24 | 20.57 | |||||||||
11.000% to 11.999% | 366 | 13,799,810.64 | 6.89 | |||||||||
12.000% to 12.999% | 97 | 3,317,899.36 | 1.66 | |||||||||
13.000% to 13.999% | 16 | 434,067.96 | 0.22 | |||||||||
14.000% to 14.999% | 1 | 34,254.55 | 0.02 | |||||||||
Total | 3,400 | $ | 200,423,695.60 | 100.00 | % | |||||||
The contract rate on the contracts included in the statistical pool ranged from 5.500% to 14.500% with a weighted average of approximately 9.409%.
Original Months to Maturity of Contracts
% of Contract Pool | ||||||||||||
Aggregate Principal | by Outstanding | |||||||||||
Number of Contracts | Balance Outstanding | Principal Balance | ||||||||||
Range of Original Months | as of Statistical | as of Statistical | as of Statistical | |||||||||
to Maturity | Calculation Date | Calculation Date | Calculation Date | |||||||||
55 to 60 | 7 | $ | 64,487.36 | 0.03 | % | |||||||
61 to 90 | 40 | 669,867.10 | 0.33 | |||||||||
91 to 120 | 239 | 5,954,476.06 | 2.97 | |||||||||
121 to 150 | 87 | 2,958,372.52 | 1.48 | |||||||||
151 to 180 | 825 | 28,771,085.12 | 14.36 | |||||||||
181 to 210 | 338 | 24,478,849.91 | 12.21 | |||||||||
211 to 240 | 1,644 | 115,158,267.40 | 57.46 | |||||||||
241 to 270 | 22 | 2,289,111.11 | 1.14 | |||||||||
271 to 300 | 47 | 3,088,921.61 | 1.54 | |||||||||
331 to 360 | 151 | 16,990,257.41 | 8.48 | |||||||||
Total | 3,400 | $ | 200,423,695.60 | 100.00 | % | |||||||
9
Remaining Months to Maturity of Contracts
% of Contract Pool | ||||||||||||
Aggregate Principal | by Outstanding | |||||||||||
Number of Contracts | Balance Outstanding | Principal Balance | ||||||||||
Range of Remaining Months | as of Statistical | as of Statistical | as of Statistical | |||||||||
to Maturity | Calculation Date | Calculation Date | Calculation Date | |||||||||
31 to 60 | 9 | $ | 105,341.42 | 0.05 | % | |||||||
61 to 90 | 49 | 903,787.59 | 0.45 | |||||||||
91 to 120 | 235 | 5,918,512.65 | 2.95 | |||||||||
121 to 150 | 154 | 5,675,444.57 | 2.83 | |||||||||
151 to 180 | 807 | 28,775,574.69 | 14.36 | |||||||||
181 to 210 | 307 | 22,506,802.83 | 11.23 | |||||||||
211 to 240 | 1,651 | 116,026,541.58 | 57.89 | |||||||||
241 to 270 | 13 | 1,335,557.75 | 0.67 | |||||||||
271 to 300 | 33 | 2,570,574.62 | 1.28 | |||||||||
301 to 330 | 4 | 196,642.21 | 0.10 | |||||||||
331 to 360 | 138 | 16,408,915.69 | 8.19 | |||||||||
Total | 3,400 | $ | 200,423,695.60 | 100.00 | % | |||||||
The contracts included in the statistical pool have remaining maturities, as of the statistical calculation date, of at least 47 months but not more than 360 months and original maturities of at least 55 months but not more than 360 months, and a weighted average remaining term to scheduled maturity, as of the statistical calculation date, of 225 months.
Unit Type
% of Contract Pool | ||||||||||||
Aggregate Principal | by Outstanding | |||||||||||
Number of Contracts | Balance Outstanding | Principal Balance | ||||||||||
as of Statistical | as of Statistical | as of Statistical | ||||||||||
Unit Type | Calculation Date | Calculation Date | Calculation Date | |||||||||
Multi-section home | 2,651 | $ | 178,326,595.05 | 88.97 | % | |||||||
Single-section home | 749 | 22,097,100.56 | 11.03 | |||||||||
Total | 3,400 | $ | 200,423,695.60 | 100.00 | % | |||||||
Property Type
% of Contract Pool | ||||||||||||
Aggregate Principal | by Outstanding | |||||||||||
Number of Contracts | Balance Outstanding | Principal Balance | ||||||||||
as of Statistical | as of Statistical | as of Statistical | ||||||||||
Property Type | Calculation Date | Calculation Date | Calculation Date | |||||||||
Community | 2,242 | $ | 139,119,796.76 | 69.41 | % | |||||||
Lease | 375 | 15,381,764.05 | 7.67 | |||||||||
Owned Land | 750 | 44,610,214.94 | 22.26 | |||||||||
Park | 23 | 721,718.27 | 0.36 | |||||||||
Relative Land | 4 | 148,080.96 | 0.07 | |||||||||
Other | 6 | 442,120.62 | 0.22 | |||||||||
Total | 3,400 | $ | 200,423,695.60 | 100.00 | % | |||||||
10
Loan Purpose
% of Contract Pool | ||||||
Aggregate Principal | by Outstanding | |||||
Number of Contracts | Balance Outstanding | Principal Balance | ||||
as of Statistical | as of Statistical | as of Statistical | ||||
Loan Purpose | Calculation Date | Calculation Date | Calculation Date | |||
Purchase of New Home | 1,216 | $86,501,149.47 | 43.16% | |||
Purchase of Repossessed Home | 56 | 2,417,145.70 | 1.21 | |||
Purchase of Used Home | 1,762 | 88,924,818.46 | 44.37 | |||
Refinance | 366 | 22,580,581.97 | 11.27 | |||
Total | 3,400 | $200,423,695.60 | 100.00% | |||
Credit Score of Contracts
% of Contract Pool | ||||||
Aggregate Principal | by Outstanding | |||||
Number of Contracts | Balance Outstanding | Principal Balance | ||||
as of Statistical | as of Statistical | as of Statistical | ||||
Range of Credit Scores | Calculation Date | Calculation Date | Calculation Date | |||
N/A | 29 | $1,048,052.13 | 0.52% | |||
501 - 550 | 17 | 540,753.88 | 0.27 | |||
551 - 600 | 75 | 2,832,568.89 | 1.41 | |||
601 - 650 | 329 | 16,517,316.90 | 8.24 | |||
651 - 700 | 826 | 47,180,298.16 | 23.54 | |||
701 - 750 | 934 | 57,575,747.63 | 28.73 | |||
751 - 800 | 879 | 55,255,299.51 | 27.57 | |||
801 - 844 | 311 | 19,473,658.51 | 9.72 | |||
Total | 3,400 | $200,423,695.60 | 100.00% | |||
The contracts included in the statistical pool for which credit scores are available have a weighted average credit score of 726.
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Contact Information
Citigroup
390 Greenwich Street
6th Floor
New York, NY 10013
390 Greenwich Street
6th Floor
New York, NY 10013
Name | Office | |||
Mortgage Trading | ||||
Steve Weinstein Director | Tel: Fax: Email: | (212) 723-6325 (212) 723-8855 Stephen.c.weinstein@citigroup.com | ||
Supriya Bajoria Analyst | Tel: Fax: Email: | (212) 723-6325 (212) 723-8855 Supriya.bajoria@citigroup.com | ||
Mortgage Banking | ||||
Paul Humphrey Director | Tel: Fax: Email: | (212) 723-9548 (212) 723-8603 Paul.g.humphrey@citigroup.com | ||
Michael Murai Associate | Tel: Fax: Email: | (212) 723-1256 (212) 723-8603 Michael.murai@citigroup.com | ||
Juliana Castelli Analyst | Tel: Fax: Email: | (212) 723-6503 (212) 723-8603 Juliana.castelli@citigroup.com | ||
Mortgage Analytics | ||||
Shekhar Shah Director (structure) | Tel: Fax: Email: | (212) 723-9026 (212) 723-8603 Shekhar.shah@citigroup.com | ||
Noel Doromal Associate (structure) | Tel: Fax: Email: | (212) 723-4589 (212) 723-8603 Noel.doromal@citigroup.com | ||
Jerome Langella Analyst (collateral) | Tel: Fax: Email: | (212) 723-6621 (212) 723-8603 Jerome.langella@citigroup.com | ||
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