ACE Securities Corp. Home Equity Loan Trust, Series 2007-HE4 Inactive
Filed: 2 May 07, 12:00am
Registration Statement No. 333-131727
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4 TERM SHEET
- ------------------------------------------------------------------------------------------------------------------------------------
The following material is "ABS informational and computational material" used in reliance on Rule 167 under the Securities Act of
1933. The information in this term sheet is preliminary and is subject to completion or change.
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp.
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
$1,007,066,000 (Approximate)
- ------------------------------------------------------------------------------------------------------------------------------------
Home Equity Loan Trust
Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp.
(Depositor)
ACE Securities Corp. Home Equity Loan Trust, Series 2007-HE4
(Issuing Entity)
- ------------------------------------------------------------------------------------------------------------------------------------
Deutsche Bank [LOGO]
April 20, 2007
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change
1
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
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 term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. This term sheet 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 +/- 5% 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 ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. DBSI IS ACTING
AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER 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 term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change
2
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
TERM SHEET DATED April 20, 2007
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE4
$1,007,066,000 (Approximate)
All dollar amounts and percentages contained herein are subject to a permitted variance of +/- 5%
- ------------------------------------------------------------------------------------------------------------------------------------
Structure Overview
- ------------------------------------------------------------------------------------------------------------------------------------
To 10% Optional Termination
- ------------------------------------------------------------------------------------------------------------------------------------
Principal
Payment Pmt. Interest Legal Expected
Class Approximate WAL Window Delay Accrual Final Ratings
Size ($) Type (yrs) (months) (days) Basis Maturity (S / M)
- ------------------------------------------------------------------------------------------------------------------------------------
Offered Certificates:
A-1 $ 320,222,000 Float 1.94 1 - 81 0 ACT/360 May 2037 AAA/Aaa
A-2A 241,327,000 Float 1.00 1 - 22 0 ACT/360 May 2037 AAA/Aaa
A-2B 98,413,000 Float 2.00 22 - 28 0 ACT/360 May 2037 AAA/Aaa
A-2C 64,431,000 Float 3.00 28 - 75 0 ACT/360 May 2037 AAA/Aaa
A-2D 29,975,000 Float 6.70 75 - 81 0 ACT/360 May 2037 AAA/Aaa
M-1 52,135,000 Float 5.47 54 - 81 0 ACT/360 May 2037 AA+/Aa1
M-2 47,347,000 Float 5.01 48 - 81 0 ACT/360 May 2037 AA+/Aa2
M-3 27,664,000 Float 4.84 45 - 81 0 ACT/360 May 2037 AA+/Aa3
M-4 25,004,000 Float 4.75 43 - 81 0 ACT/360 May 2037 AA/A1
M-5 23,940,000 Float 4.69 42 - 81 0 ACT/360 May 2037 AA-/A2
M-6 20,748,000 Float 4.65 41 - 81 0 ACT/360 May 2037 A+/A3
M-7 20,216,000 Float 4.62 40 - 81 0 ACT/360 May 2037 A/Baa1
M-8 19,152,000 Float 4.59 39 - 81 0 ACT/360 May 2037 BBB+/Baa2
M-9 16,492,000 Float 4.57 38 - 81 0 ACT/360 May 2037 BBB/Baa3
--------------
Total Offered: $1,007,066,000
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Pricing Speed
- ------------------------------------------------------------------------------------------------------------------------------------
Fixed-Rate Mortgage Loans 100% PPC (4% CPR growing to 23% CPR over 12 months. 23% CPR thereafter)
Adjustable-Rate 100% PPC (5% CPR in month 1, an additional 2% CPR for each month thereafter, building to 27% in
CPR Mortgage Loans 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)
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Transaction Overview
- ------------------------------------------------------------------------------------------------------------------------------------
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"), and 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 the "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 depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change
3
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Transaction Overview
- -------------------------------------------------------------------------------------------------------------------------------------
Certificates (i) The Mezzanine Certificates are backed by the Group I Mortgage Loans and Group II Mortgage
(Continued): Loans (collectively, the "Mortgage Loans"). The Senior Certificates along with the Mezzanine
Certificates are also referred to herein collectively as the "Offered Certificates." The trust
will also issue the Class CE Certificates, the Class P Certificates and the Class R Certificates
which are referred to herein collectively 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: (ii) As of the Cut-off Date, the Mortgage Loans will consist of approximately 4,748
adjustable-rate and fixed-rate, first and second lien, closed-end mortgage loans. The aggregate
outstanding principal balance of all of the Mortgage Loans is approximately $1,063,987,175 as of
the Cut-off Date. The Mortgage Loans will be separated into two groups. The Group I Mortgage
Loans will represent approximately 2,330 conforming principal balance fixed-rate and
adjustable-rate Mortgage Loans totaling approximately $451,652,331 and the Group II Mortgage
Loans will represent approximately 2,418 conforming and non-conforming principal balance fixed
and adjustable-rate Mortgage Loans totaling approximately $612,334,844.
Class A Certificates: (iii) Class A-1, Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates
Class M Certificates: Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8 and Class
M-9 Certificates
Depositor: ACE Securities Corp. ("ACE")
Issuing Entity: ACE Securities Corp. Home Equity Loan Trust, Series 2007-HE4. The Issuing Entity is also
referred to herein as the trust
Originators: % of Aggregate
Aggregate Remaining Remaining Principal
Originator Principal Balance ($) Balance
------------------------------------------------------------------------------------------------
DB Home Lending LLC (formerly known as Chapel
Funding LLC) $ 652,965,406 61.37%
Residential Mortgage Corporation ("ResMAE") 129,552,138 12.18
MortgageIT, Inc. 86,183,674 8.10
First Street Financial, Inc 53,806,819 5.06
Other (Less than 5% individually) 141,479,138 13.30
------------------------------------------------------------------------------------------------
$1,063,987,175 100.00%
Master Servicer and the Wells Fargo Bank, National Association
Securities Administrator:
Servicers: Ocwen Loan Servicing, LLC ("Ocwen"), GMAC Mortgage, LLC ("GMACM") and Countrywide Home Loans
Servicing LP ("Countrywide") with respect to approximately 87.94%, 11.23% and 0.83%,
respectively, of the total principal balance of the Mortgage Loans as of the Cut-Off Date.
Trustee: HSBC Bank USA, National Association
Custodian: 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
Cap Provider: TBD
Cut-off Date: April 1, 2007
Expected Pricing: Week of April [24], 2007
Expected Closing Date: On or about April [30], 2007
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change
4
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Transaction Overview (Cont.)
- ------------------------------------------------------------------------------------------------------------------------------------
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 May 2007.
Determination Date: The Determination Date with respect to any Distribution Date and (i) Ocwen, the 15th day of the
calendar month in which such Distribution Date occurs, or if such 15th day is not a business
day, the business day immediately preceding such 15th day, (ii) GMAC, the 15th day of the
calendar month in which such Distribution Date occurs, or if such 15th day is not a business
day, the business day immediately preceding such 15th day, and (iii) Countrywide, the 18th day
of the calendar month in which such Distribution Date occurs, or if such 18th day is not a
business day, the business day immediately preceding such 18th day.
Servicer Remittance Date: With respect to any Distribution Date and (i) Ocwen, the 22nd day of the month in which such
Distribution Date occurs; provided that if the 22nd day of a given month is a Saturday, the
Servicer Remittance Date shall be the immediately preceding business day and if the 22nd day of
a given month is a Sunday or otherwise not a business day (except for Saturdays), the Servicer
Remittance Date shall be the next business day, (ii) GMAC, the 22nd day of the month in which
such Distribution Date occurs; provided that if such 22nd day of a given month is not a business
day, the Servicer Remittance Date for such month shall be the business day immediately preceding
such 22nd day, and (iii) Countrywide, the 22nd day of the month in which such Distribution Date
occurs; provided that if such 22nd day of a given month is not a business day, the Servicer
Remittance Date for such month shall be the business day immediately preceding such 22nd day;
provided further, that if the Servicer Remittance Date falls on a Friday, the Servicer
Remittance Date shall be the business day immediately preceding such Friday.
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 and (i) Ocwen, shall be (a) with
respect to principal prepayments in full, the period from the 16th day of the month immediately
preceding the Distribution Date (or with respect to the first Prepayment Period, the period from
the Cut-off Date) to the 15th day of the month of the Distribution Date and (b) with respect to
principal prepayments in part, the calendar month immediately preceding the month in which the
Distribution Date occurs, (ii) GMAC, with respect to principal prepayments in full, the period
from the 16th day of the month immediately preceding the Distribution Date (or with respect to
the first Prepayment Period, the period from the Cut-off Date) to the 15th day of the month of
the Distribution Date, and (iii) Countrywide, shall be the period from the 16th day of the month
immediately preceding the Distribution Date (or with respect to the first Prepayment Period, the
period from the Cut-off Date) to the 15th day of the month of the Distribution Date.
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 Servicers and shortfalls
resulting from the application of the Servicemembers' Civil Relief Act or similar state or local
laws.
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change
5
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Transaction Overview (Cont.)
- ------------------------------------------------------------------------------------------------------------------------------------
Senior Interest Distribution For the Class A Certificates on any Distribution Date is an amount equal to the sum of the
Amount: 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, Servicers 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 0.5135% for the Mortgage Loans.
Compensating Interest: Each Servicer will be required to cover Prepayment Interest Shortfalls on prepayments
in full on the Mortgage Loans serviced by such Servicer up to the Servicing Fee payable to each
Servicer. If any Servicer fails to make any required Compensating Interest payment, the Master
Servicer will be required to do so up to the Master Servicing Fee.
Prepayment Interest Shortfalls: Interest shortfalls attributable to voluntary principal prepayments on the Mortgage Loans.
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 repurchase 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.
Monthly Servicer Advances: Each Servicer will collect monthly payments of principal and interest on the Mortgage Loans
serviced by such Servicer and will be obligated to make advances of delinquent monthly principal
and interest payments. Each Servicer is required to advance delinquent payments of principal and
interest on the Mortgage Loans serviced by such Servicer only to the extent such amounts are
deemed recoverable. If any Servicer fails to make any such advance, a successor servicer (which
may be the Master Servicer) will be required to do so subject to its determination of
recoverability. The Servicers and the successor 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, to the extent available on such Distribution Date and any
Net Swap Payments paid by the Swap Provider and available for this purpose.
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change
6
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Transaction Overview (Cont.)
- ------------------------------------------------------------------------------------------------------------------------------------
Required Overcollateralization refers to the amount by which the aggregate principal balance of the
Overcollateralization Mortgage Loans exceeds the aggregate certificate principal balance of the Certificates. This
Amount: excess (the "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 5.35% 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 10.70% 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 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.
Overcollateralization An Overcollateralization Reduction Amount for any Distribution Date is the amount by which the
Reduction 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 after which the aggregate certificate
principal balance of the Class A Certificates has been reduced to zero and (ii) the later to
occur of (x) the Distribution Date occurring in May 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 58.20%.
Credit Enhancement Percentage: The Credit Enhancement Percentage for any class of certificates 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.
Class (S / M) Initial CE %* Targeted CE % On/After Step
----- ------- ------------- ---------------------------
Down Date*
----------
A AAA/Aaa 29.10% 58.20%
M-1 AA+/Aa1 24.20% 48.40%
M-2 AA+/Aa2 19.75% 39.50%
M-3 AA+/Aa3 17.15% 34.30%
M-4 AA/A1 14.80% 29.60%
M-5 AA-/A2 12.55% 25.10%
M-6 A+/A3 10.60% 21.20%
M-7 A/Baa1 8.70% 17.40%
M-8 BBB+/Baa2 6.90% 13.80%
M-9 BBB/Baa3 5.35% 10.70%
- ------------------------------------------------------------------------------------------------------------------------------------
* Approximate
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change
7
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Transaction Overview (Cont.)
- ------------------------------------------------------------------------------------------------------------------------------------
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 (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. (viii)
Net WAC Pass-Through Rate: Class A-1 and 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
(i) 12 and (ii) 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 Servicers, 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 for such Distribution Date (which
was not caused by a Swap Provider Trigger Event, as defined in the Swap Agreement), 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.
Mezzanine Certificates: The per annum rate equal to the weighted average (weighted in proportion
to the results of subtracting from the aggregate principal balance of each loan group, the
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 certificates is limited by
Amount: 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, if any, (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 accrued interest 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.
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change
8
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Transaction Overview (Cont.)
- ------------------------------------------------------------------------------------------------------------------------------------
Group I Cap Agreement: On the Closing Date, the Trustee will enter into a "Group I Cap Agreement", which will be
effective for the period commencing on the Distribution Date occurring in May 2007 and ending
immediately following the Distribution Date occurring in October 2007, to make payments in
respect of any Net WAC Rate Carryover Amounts in respect of the Class A-1 Certificates and the
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 specified
strike rate for the related Distribution Date; (2) the related cap notional amount, which is
based on the lesser of (i) the expected amortization of the Group I Mortgage Loans and (ii)
Group I Scheduled Cap Notional Amount for the related Distribution Date 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 Group I Scheduled Cap Notional Amount for each Distribution
Date during the term of the Group I Cap Agreement is set forth on page 16 of this term sheet.
Group II Cap Agreement: On the Closing Date, the Trustee will enter into a "Group II Cap Agreement", which will be
effective for the period commencing on the Distribution Date occurring in May 2007 and ending
immediately following the Distribution Date occurring in October 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 Certificates and the 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 specified strike rate for the related Distribution Date; (2) the
related cap notional amount, which is based on the lesser of (i) the expected amortization of
the Group II Mortgage Loans and (ii) Group II Scheduled Cap Notional Amount for the related
Distribution Date 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 Group II
Scheduled Cap Notional Amount for each Distribution Date during the term of the Group II Cap
Agreement is set forth on page 16 of this term sheet.
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change
9
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Transaction Overview (Cont.)
- ------------------------------------------------------------------------------------------------------------------------------------
Swap Agreement: On the Closing Date, the Trustee will enter into a Swap Agreement with the Swap Provider as
described in the final prospectus supplement. The Swap Agreement will have an initial notional
amount of $917,668,665. Under the Swap Agreement, commencing on the Distribution Date occurring
in November 2007, the trust (through a supplemental interest trust) will be obligated to pay an
amount equal to the product of (i) [5.035]% per annum, (ii) the Swap Notional Amount (as defined
below) and (iii) a fraction, the numerator of which is 30 and the denominator of which is 360,
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 the product of (i)
one-month LIBOR, (ii) the Swap Notional Amount and (iii) a fraction, the numerator of which is
the actual number of days elapsed during the related Interest Accrual Period and the denominator
of which is 360, until the Swap Agreement is terminated. The "Swap Notional Amount" for each
Distribution Date will be equal to the lesser of (a) the aggregate certificate principal balance
of the Offered Certificates on the day immediately preceding such Distribution Date, and (b) the
scheduled swap notional amount set forth in the Swap Agreement for such Distribution Date. 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, and, if such Swap Termination Payment
is not due as a result of the occurrence of a Swap Provider Trigger Event (as defined in the
Swap Agreement), such payment will be prior to distributions to Certificateholders.
Available Distribution Amount: For any Distribution Date, net of the administrative fees, an amount equal to (i) the 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 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; and (iv) all Compensating Interest paid by the Servicers or
the Master Servicer in respect of Prepayment Interest Shortfalls for the related Prepayment
Period.
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change
10
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Transaction Overview (Cont.)
- ------------------------------------------------------------------------------------------------------------------------------------
Class A Principal Until the Stepdown Date, or if a Trigger Event occurs, the Class A Principal Distribution Amount
Distribution Amount: will be distributed to the 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 by the Securities Administrator from the Swap Provider required to restore or 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 58.20% 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 and the Overcollateralization Amount is 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 Until the Stepdown Date, unless the aggregate certificate principal balance of the Class A
Distribution Amount: Certificates is reduced to zero, the Mezzanine Certificates will not receive any principal
payments. 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
48.40% Credit Enhancement Percentage (2x the Class M-1 Initial Credit Enhancement Percentage),
second to the Class M-2 Certificates until it reaches approximately a 39.50% Credit Enhancement
Percentage (2x the Class M-2 Initial Credit Enhancement Percentage), third to the Class M-3
Certificates until it reaches approximately a 34.30% Credit Enhancement Percentage (2x the Class
M-3 Initial Credit Enhancement Percentage), fourth to the Class M-4 Certificates until it
reaches approximately a 29.60% Credit Enhancement Percentage (2x the Class M-4 Initial Credit
Enhancement Percentage), fifth to the Class M-5 Certificates until it reaches approximately a
25.10% Credit Enhancement Percentage (2x the Class M-5 Initial Credit Enhancement Percentage),
sixth to the Class M-6 Certificates until it reaches approximately a 21.20% Credit Enhancement
Percentage (2x the Class M-6 Initial Credit Enhancement Percentage), seventh to the Class M-7
Certificates until it reaches approximately a 17.40% Credit Enhancement Percentage (2x the Class
M-7 Initial Credit Enhancement Percentage), eighth to the Class M-8 Certificates until it
reaches approximately a 13.80% Credit Enhancement Percentage (2x the Class M-8 Initial Credit
Enhancement Percentage), ninth to the Class M-9 Certificates until it reaches approximately a
10.70% 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 term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change
11
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Transaction Overview (Cont.)
- ------------------------------------------------------------------------------------------------------------------------------------
Class M Principal If a Trigger Event occurs, principal payments will be paid first to the Class A Certificates in
Distribution Amount the manner and order of priority described under "Class A Principal Distribution Amount", in
(continued): each case until the certificate principal balance of each such class has been reduced to zero
and, then sequentially to the Mezzanine Certificates in their order of seniority, in each case
until the certificate principal balance of each such class has been reduced to zero.
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 Rates on the Certificates will still be subject to the applicable Net WAC
Pass-Through Rate.
Class After Optional Termination
----- --------------------------
A 2 x Margin
M The lesser of 1.5 x Margin and 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 27.50% 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
------------------------------ ----------
May 2009 to April 2010 2.15%, plus 1/12th of 2.45% for each month thereafter
May 2010 to April 2011 4.60%, plus 1/12th of 2.55% for each month thereafter
May 2011 to April 2012 7.15%, plus 1/12th of 2.10% for each month thereafter
May 2012 to April 2013 9.25%, plus 1/12th of 0.50% for each month thereafter
May 2013 and thereafter 9.75%
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change
12
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Transaction Overview (Cont.)
- ------------------------------------------------------------------------------------------------------------------------------------
Payment Priority: On each Distribution Date, the Available Distribution Amount will be distributed as follows:
1. Commencing on the Distribution Date occurring in November 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, and 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 November
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.
Commencing on the Distribution Date occurring in November 2007, any Net Swap Payments on deposit
in the Supplemental Interest Trust will be paid after the Available Distribution Amount 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 principal to the Class A Certificates and the Mezzanine Certificates, in
accordance with the principal payment provisions described above in an amount necessary to
restore or maintain the Required Overcollateralization Amount.
4. To pay any allocated Realized Losses remaining unpaid on the Mezzanine Certificates,
sequentially.
5. To pay the Net WAC Rate Carryover Amount on the Class A Certificates and the Mezzanine
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.
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change
13
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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
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 term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
Group I Cap Schedule
------------------------------------------------------------------------------------
Distribution Date Group I Scheduled Cap
Notional Amount ($) Strike Rate (%)
------------------------------------------------------------------------------------
1 5/25/2007 451,652,331 7.50
2 6/25/2007 447,524,782 7.50
3 7/25/2007 442,624,053 7.50
4 8/25/2007 436,958,460 7.50
5 9/25/2007 430,540,334 7.50
6 10/25/2007 423,387,924 7.50
Group II Cap Schedule
------------------------------------------------------------------------------------
Group II Scheduled Cap
Distribution Date Notional Amount ($) Strike Rate (%)
------------------------------------------------------------------------------------
1 5/25/2007 612,334,844 7.50
2 6/25/2007 606,716,719 7.50
3 7/25/2007 600,045,264 7.50
4 8/25/2007 592,331,774 7.50
5 9/25/2007 583,593,456 7.50
6 10/25/2007 573,854,289 7.50
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
Swap Schedule
- ------------------------------------------------------------------------------------------------------------------------------------
Scheduled Swap Notional Scheduled Swap Notional
Distribution Date Amount ($) Distribution Date Amount ($)
- ------------------------------------------------------------------------------------------------------------------------------------
1 5/25/2007 - 33 1/25/2010 358,911,871
2 6/25/2007 - 34 2/25/2010 347,166,960
3 7/25/2007 - 35 3/25/2010 335,754,286
4 8/25/2007 - 36 4/25/2010 324,664,635
5 9/25/2007 - 37 5/25/2010 313,887,629
6 10/25/2007 - 38 6/25/2010 313,887,629
7 11/25/2007 917,668,665 39 7/25/2010 313,664,633
8 12/25/2007 897,576,981 40 8/25/2010 304,910,457
9 1/25/2008 876,010,775 41 9/25/2010 296,402,853
10 2/25/2008 853,165,450 42 10/25/2010 288,134,791
11 3/25/2008 829,880,833 43 11/25/2010 280,099,387
12 4/25/2008 807,178,460 44 12/25/2010 272,290,024
13 5/25/2008 785,054,766 45 1/25/2011 264,700,288
14 6/25/2008 763,494,986 46 2/25/2011 257,323,972
15 7/25/2008 742,484,727 47 3/25/2011 250,155,018
16 8/25/2008 722,009,969 48 4/25/2011 243,187,552
17 9/25/2008 702,057,046 49 5/25/2011 236,415,847
18 10/25/2008 682,595,230 50 6/25/2011 229,834,355
19 11/25/2008 663,548,419 51 7/25/2011 223,437,690
20 12/25/2008 644,842,505 52 8/25/2011 217,220,624
21 1/25/2009 625,127,459 53 9/25/2011 211,178,065
22 2/25/2009 595,758,684 54 10/25/2011 205,305,073
23 3/25/2009 553,157,642 55 11/25/2011 199,596,848
24 4/25/2009 513,515,040 56 12/25/2011 194,048,729
25 5/25/2009 477,694,267 57 1/25/2012 188,656,163
26 6/25/2009 451,402,663 58 2/25/2012 183,414,021
27 7/25/2009 436,910,783 59 3/25/2012 178,311,779
28 8/25/2009 422,958,282 60 4/25/2012 173,326,384
29 9/25/2009 409,403,409
30 10/25/2009 663,548,419
31 11/25/2009 644,842,505
32 12/25/2009 625,127,459
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
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 (years) 21.23 3.88 1.94 1.34 1.12
First Payment Date May-07 May-07 May-07 May-07 May-07
Last Payment Date Jan-37 Mar-20 Jan-14 Dec-09 Apr-09
A-2A Avg Life (years) 15.70 1.54 1.00 0.83 0.68
First Payment Date May-07 May-07 May-07 May-07 May-07
Last Payment Date Dec-29 Mar-10 Feb-09 Nov-08 Jul-08
A-2B Avg Life (years) 24.57 3.90 2.00 1.77 1.47
First Payment Date Dec-29 Mar-10 Feb-09 Nov-08 Jul-08
Last Payment Date Jun-34 Jan-13 Aug-09 Mar-09 Jan-09
A-2C Avg Life (years) 28.72 8.30 3.00 2.05 1.83
First Payment Date Jun-34 Jan-13 Aug-09 Mar-09 Jan-09
Last Payment Date Jan-37 May-19 Jul-13 Aug-09 Mar-09
A-2D Avg Life (years) 29.74 12.84 6.70 2.45 1.96
First Payment Date Jan-37 May-19 Jul-13 Aug-09 Mar-09
Last Payment Date Jan-37 Mar-20 Jan-14 Dec-09 Apr-09
M-1 Avg Life (years) 28.43 8.47 5.47 4.76 3.48
First Payment Date Oct-32 Apr-11 Oct-11 Dec-09 Apr-09
Last Payment Date Jan-37 Mar-20 Jan-14 May-12 Dec-10
M-2 Avg Life (years) 28.43 8.47 5.01 4.80 3.46
First Payment Date Sep-32 Apr-11 Apr-11 Jul-11 May-10
Last Payment Date Jan-37 Mar-20 Jan-14 May-12 Dec-10
M-3 Avg Life (years) 28.43 8.47 4.84 4.29 3.10
First Payment Date Sep-32 Apr-11 Jan-11 Feb-11 Jan-10
Last Payment Date Jan-37 Mar-20 Jan-14 May-12 Dec-10
-------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
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-4 Avg Life (years) 28.43 8.47 4.75 4.07 2.94
First Payment Date Sep-32 Apr-11 Nov-10 Nov-10 Nov-09
Last Payment Date Jan-37 Mar-20 Jan-14 May-12 Dec-10
M-5 Avg Life (years) 28.43 8.47 4.69 3.93 2.84
First Payment Date Sep-32 Apr-11 Oct-10 Aug-10 Sep-09
Last Payment Date Jan-37 Mar-20 Jan-14 May-12 Dec-10
M-6 Avg Life (years) 28.43 8.47 4.65 3.82 2.77
First Payment Date Sep-32 Apr-11 Sep-10 Jul-10 Aug-09
Last Payment Date Jan-37 Mar-20 Jan-14 May-12 Dec-10
M-7 Avg Life (years) 28.42 8.47 4.62 3.75 2.71
First Payment Date Aug-32 Apr-11 Aug-10 May-10 Jul-09
Last Payment Date Jan-37 Mar-20 Jan-14 May-12 Dec-10
M-8 Avg Life (years) 28.42 8.47 4.59 3.69 2.67
First Payment Date Aug-32 Apr-11 Jul-10 Apr-10 Jun-09
Last Payment Date Jan-37 Mar-20 Jan-14 May-12 Dec-10
M-9 Avg Life (years) 28.42 8.47 4.57 3.65 2.65
First Payment Date Aug-32 Apr-11 Jun-10 Mar-10 May-09
Last Payment Date Jan-37 Mar-20 Jan-14 May-12 Dec-10
-------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
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 (years) 21.23 4.15 2.11 1.34 1.12
First Payment Date May-07 May-07 May-07 May-07 May-07
Last Payment Date Feb-37 Oct-33 Oct-22 Dec-09 Apr-09
A-2A Avg Life (years) 15.70 1.54 1.00 0.83 0.68
First Payment Date May-07 May-07 May-07 May-07 May-07
Last Payment Date Dec-29 Mar-10 Feb-09 Nov-08 Jul-08
A-2B Avg Life (years) 24.57 3.90 2.00 1.77 1.47
First Payment Date Dec-29 Mar-10 Feb-09 Nov-08 Jul-08
Last Payment Date Jun-34 Jan-13 Aug-09 Mar-09 Jan-09
A-2C Avg Life (years) 28.72 8.30 3.00 2.05 1.83
First Payment Date Jun-34 Jan-13 Aug-09 Mar-09 Jan-09
Last Payment Date Jan-37 May-19 Jul-13 Aug-09 Mar-09
A-2D Avg Life (years) 29.75 16.37 9.01 2.45 1.96
First Payment Date Jan-37 May-19 Jul-13 Aug-09 Mar-09
Last Payment Date Feb-37 Jan-33 Feb-22 Dec-09 Apr-09
M-1 Avg Life (years) 28.44 9.31 6.00 6.99 5.16
First Payment Date Oct-32 Apr-11 Oct-11 Dec-09 Apr-09
Last Payment Date Feb-37 Oct-31 Jun-21 May-19 Mar-16
M-2 Avg Life (years) 28.43 9.29 5.54 5.26 3.80
First Payment Date Sep-32 Apr-11 Apr-11 Jul-11 May-10
Last Payment Date Feb-37 Sep-30 Oct-20 Aug-17 Nov-14
M-3 Avg Life (years) 28.43 9.28 5.35 4.69 3.40
First Payment Date Sep-32 Apr-11 Jan-11 Feb-11 Jan-10
Last Payment Date Feb-37 Nov-29 Mar-20 Feb-17 Jul-14
-------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
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-4 Avg Life (years) 28.43 9.26 5.25 4.46 3.23
First Payment Date Sep-32 Apr-11 Nov-10 Nov-10 Nov-09
Last Payment Date Feb-37 Mar-29 Sep-19 Oct-16 Apr-14
M-5 Avg Life (years) 28.43 9.23 5.18 4.30 3.12
First Payment Date Sep-32 Apr-11 Oct-10 Aug-10 Sep-09
Last Payment Date Feb-37 Jul-28 Apr-19 Jun-16 Jan-14
M-6 Avg Life (years) 28.43 9.20 5.12 4.18 3.04
First Payment Date Sep-32 Apr-11 Sep-10 Jul-10 Aug-09
Last Payment Date Feb-37 Oct-27 Oct-18 Feb-16 Sep-13
M-7 Avg Life (years) 28.43 9.16 5.06 4.09 2.97
First Payment Date Aug-32 Apr-11 Aug-10 May-10 Jul-09
Last Payment Date Feb-37 Jan-27 Apr-18 Sep-15 Jun-13
M-8 Avg Life (years) 28.43 9.10 4.99 4.00 2.91
First Payment Date Aug-32 Apr-11 Jul-10 Apr-10 Jun-09
Last Payment Date Feb-37 Feb-26 Sep-17 Mar-15 Feb-13
M-9 Avg Life (years) 28.43 9.01 4.92 3.92 2.85
First Payment Date Aug-32 Apr-11 Jun-10 Mar-10 May-09
Last Payment Date Feb-37 Dec-24 Jan-17 Sep-14 Sep-12
-------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
------------------------------------- -------------------------------------
Class A-1 Effective Net WAC Schedule* Class A-1 Effective Net WAC Schedule*
Effective Net Effective Net
Period Date WAC (%) Period Date WAC (%)
------------------------------------- -------------------------------------
1 5/25/2007 21.713 46 2/25/2011 24.898
2 6/25/2007 19.929 47 3/25/2011 25.746
3 7/25/2007 20.176 48 4/25/2011 24.961
4 8/25/2007 19.927 49 5/25/2011 25.196
5 9/25/2007 19.926 50 6/25/2011 24.948
6 10/25/2007 20.173 51 7/25/2011 25.200
7 11/25/2007 21.609 52 8/25/2011 24.960
8 12/25/2007 21.684 53 9/25/2011 24.995
9 1/25/2008 21.566 54 10/25/2011 25.232
10 2/25/2008 21.541 55 11/25/2011 24.981
11 3/25/2008 21.714 56 12/25/2011 25.216
12 4/25/2008 21.488 57 1/25/2012 24.974
13 5/25/2008 21.557 58 2/25/2012 25.007
14 6/25/2008 21.432 59 3/25/2012 25.544
15 7/25/2008 21.500 60 4/25/2012 25.034
16 8/25/2008 21.373 61 5/25/2012 12.042
17 9/25/2008 21.342 62 6/25/2012 11.646
18 10/25/2008 21.412 63 7/25/2012 12.029
19 11/25/2008 21.286 64 8/25/2012 11.647
20 12/25/2008 21.356 65 9/25/2012 11.652
21 1/25/2009 21.471 66 10/25/2012 12.034
22 2/25/2009 21.862 67 11/25/2012 11.639
23 3/25/2009 23.456 68 12/25/2012 12.019
24 4/25/2009 22.818 69 1/25/2013 11.625
25 5/25/2009 22.864 70 2/25/2013 11.631
26 6/25/2009 22.604 71 3/25/2013 12.882
27 7/25/2009 22.829 72 4/25/2013 11.629
28 8/25/2009 22.771 73 5/25/2013 12.009
29 9/25/2009 23.093 74 6/25/2013 11.614
30 10/25/2009 23.227 75 7/25/2013 11.995
31 11/25/2009 22.980 76 8/25/2013 11.613
32 12/25/2009 23.110 77 9/25/2013 11.617
33 1/25/2010 22.978 78 10/25/2013 11.997
34 2/25/2010 23.094 79 11/25/2013 11.602
35 3/25/2010 24.241 80 12/25/2013 11.981
36 4/25/2010 23.468 81 1/25/2014 11.586
37 5/25/2010 23.618 *PPC: 100% (ARM); PPC: 100%
38 6/25/2010 23.757 (Fixed)
39 7/25/2010 24.446 *1 Month LIBOR: 20%
40 8/25/2010 24.394
41 9/25/2010 24.804 *6 Month Libor: 20%
42 10/25/2010 25.039
43 11/25/2010 24.797 *Includes Net Swap Payments
44 12/25/2010 25.028 received from the Swap Provider
45 1/25/2011 24.853 *Includes Cap proceeds
-------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change
21
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------- ----------------------------------------
Class A-2 Effective Net WAC Schedule* Class A-2 Effective Net WAC Schedule*
Effective Net Effective Net
Period Date WAC (%) Period Date WAC (%)
------------------------------------- -------------------------------------
1 5/25/2007 21.636 46 2/25/2011 25.341
2 6/25/2007 19.866 47 3/25/2011 26.200
3 7/25/2007 20.110 48 4/25/2011 25.375
4 8/25/2007 19.863 49 5/25/2011 25.627
5 9/25/2007 19.861 50 6/25/2011 25.367
6 10/25/2007 20.105 51 7/25/2011 25.632
7 11/25/2007 21.543 52 8/25/2011 25.397
8 12/25/2007 21.616 53 9/25/2011 25.418
9 1/25/2008 21.500 54 10/25/2011 25.673
10 2/25/2008 21.476 55 11/25/2011 25.411
11 3/25/2008 21.645 56 12/25/2011 25.664
12 4/25/2008 21.424 57 1/25/2012 25.405
13 5/25/2008 21.492 58 2/25/2012 25.419
14 6/25/2008 21.370 59 3/25/2012 25.974
15 7/25/2008 21.437 60 4/25/2012 25.433
16 8/25/2008 21.312 61 5/25/2012 12.458
17 9/25/2008 21.282 62 6/25/2012 12.052
18 10/25/2008 21.349 63 7/25/2012 12.450
19 11/25/2008 21.223 64 8/25/2012 12.050
20 12/25/2008 21.309 65 9/25/2012 12.053
21 1/25/2009 21.262 66 10/25/2012 12.450
22 2/25/2009 22.314 67 11/25/2012 12.044
23 3/25/2009 23.533 68 12/25/2012 12.441
24 4/25/2009 22.898 69 1/25/2013 12.035
25 5/25/2009 22.958 70 2/25/2013 12.036
26 6/25/2009 22.711 71 3/25/2013 13.329
27 7/25/2009 22.880 72 4/25/2013 12.035
28 8/25/2009 23.082 73 5/25/2013 12.431
29 9/25/2009 23.279 74 6/25/2013 12.025
30 10/25/2009 23.420 75 7/25/2013 12.421
31 11/25/2009 23.168 76 8/25/2013 12.021
32 12/25/2009 23.315 77 9/25/2013 12.024
33 1/25/2010 23.113 78 10/25/2013 12.420
34 2/25/2010 23.529 79 11/25/2013 12.014
35 3/25/2010 24.531 80 12/25/2013 12.410
36 4/25/2010 23.735 81 1/25/2014 12.004
37 5/25/2010 23.895 *PPC: 100% (ARM); PPC: 100%
38 6/25/2010 24.035 (Fixed)
39 7/25/2010 24.674 *1 Month LIBOR: 20%
40 8/25/2010 24.886
41 9/25/2010 25.158 *6 Month Libor: 20%
42 10/25/2010 25.407
43 11/25/2010 25.155 *Includes Net Swap Payments
44 12/25/2010 25.408 received from the Swap Provider
45 1/25/2011 25.199 *Includes Cap proceeds
-------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change
22
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------- ----------------------------------------
Class M Effective Net WAC Schedule* Class M Effective Net WAC
Schedule*
Effective Net Effective Net
Period Date WAC (%) Period Date WAC (%)
---------------------------------------- ----------------------------------------
1 5/25/2007 21.669 46 2/25/2011 25.153
2 6/25/2007 19.893 47 3/25/2011 26.007
3 7/25/2007 20.138 48 4/25/2011 25.199
4 8/25/2007 19.890 49 5/25/2011 25.444
5 9/25/2007 19.889 50 6/25/2011 25.189
6 10/25/2007 20.134 51 7/25/2011 25.449
7 11/25/2007 21.571 52 8/25/2011 25.212
8 12/25/2007 21.644 53 9/25/2011 25.239
9 1/25/2008 21.528 54 10/25/2011 25.486
10 2/25/2008 21.503 55 11/25/2011 25.229
11 3/25/2008 21.674 56 12/25/2011 25.474
12 4/25/2008 21.451 57 1/25/2012 25.222
13 5/25/2008 21.519 58 2/25/2012 25.245
14 6/25/2008 21.396 59 3/25/2012 25.792
15 7/25/2008 21.463 60 4/25/2012 25.264
16 8/25/2008 21.338 61 5/25/2012 12.282
17 9/25/2008 21.308 62 6/25/2012 11.880
18 10/25/2008 21.376 63 7/25/2012 12.272
19 11/25/2008 21.249 64 8/25/2012 11.880
20 12/25/2008 21.329 65 9/25/2012 11.884
21 1/25/2009 21.351 66 10/25/2012 12.275
22 2/25/2009 22.122 67 11/25/2012 11.873
23 3/25/2009 23.500 68 12/25/2012 12.261
24 4/25/2009 22.864 69 1/25/2013 11.859
25 5/25/2009 22.918 70 2/25/2013 11.862
26 6/25/2009 22.665 71 3/25/2013 13.137
27 7/25/2009 22.858 72 4/25/2013 11.860
28 8/25/2009 22.950 73 5/25/2013 12.249
29 9/25/2009 23.200 74 6/25/2013 11.848
30 10/25/2009 23.338 75 7/25/2013 12.237
31 11/25/2009 23.088 76 8/25/2013 11.846
32 12/25/2009 23.228 77 9/25/2013 11.849
33 1/25/2010 23.055 78 10/25/2013 12.238
34 2/25/2010 23.344 79 11/25/2013 11.837
35 3/25/2010 24.408 80 12/25/2013 12.225
36 4/25/2010 23.621 81 1/25/2014 11.824
37 5/25/2010 23.778 *PPC: 100% (ARM); PPC: 100%
38 6/25/2010 23.917 (Fixed)
39 7/25/2010 24.578 *1 Month LIBOR: 20%
40 8/25/2010 24.678
41 9/25/2010 25.008 *6 Month Libor: 20%
42 10/25/2010 25.251
43 11/25/2010 25.003 *Includes Net Swap Payments
44 12/25/2010 25.247 received from the Swap Provider
45 1/25/2011 25.052 *Includes Cap proceeds
----------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change
23
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
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)
- ------------------------------------------------------------------------------------------------------------------------------------
1 303 5.3200 5.3606 303 45 497 4.9070 4.9942 468
2 196 5.3368 5.3347 195 46 499 4.9079 5.0127 471
3 212 5.3466 5.3004 210 47 509 4.9064 5.0339 483
4 196 5.2938 5.2571 198 48 500 4.9107 5.0530 475
5 196 5.2701 5.2006 200 49 503 5.0109 5.0724 478
6 212 5.2386 5.1406 219 50 500 5.0145 5.0761 475
7 239 5.1666 5.0755 238 51 503 5.0173 5.0782 479
8 238 5.1295 5.0290 237 52 500 5.0214 5.0813 478
9 239 5.0935 4.9800 237 53 500 5.0237 5.0841 480
10 239 4.9530 4.9257 235 54 504 5.0258 5.0857 483
11 238 4.9145 4.8937 239 55 501 5.0292 5.0884 480
12 239 4.8778 4.8605 235 56 504 5.0310 5.1010 483
13 238 4.8793 4.8258 236 57 501 5.0336 5.1140 481
14 239 4.8396 4.7863 234 58 504 5.0363 5.1266 485
15 238 4.7981 4.7446 236 59 513 5.0373 5.1404 496
16 239 4.7569 4.7040 234 60 507 5.0399 5.1536 490
17 239 4.7168 4.6648 234 61 485 5.1036 5.1675 487
18 238 4.6749 4.6228 236 62 466 5.1069 5.1701 469
19 239 4.6385 4.5869 234 63 485 5.1095 5.1725 487
20 239 4.5986 4.6135 237 64 467 5.1129 5.1764 471
21 254 4.5585 4.6497 250 65 468 5.1158 5.1782 473
22 336 4.5223 4.6849 332 66 486 5.1189 5.1795 491
23 441 4.4849 4.7290 433 67 468 5.1216 5.1823 473
24 432 4.4495 4.7754 425 68 486 5.1232 5.1904 490
25 434 4.8006 4.8276 427 69 467 5.1266 5.2000 472
26 431 4.7925 4.8191 423 70 467 5.1282 5.2094 473
27 438 4.7826 4.8094 428 71 523 5.1290 5.2182 528
28 459 4.7748 4.8015 437 72 467 5.1328 5.2280 473
29 482 4.7662 4.7930 448 73 485 5.1743 5.2374 487
30 485 4.7568 4.7831 451 74 466 5.1770 5.2399 469
31 481 4.7489 4.7749 448 75 485 5.1798 5.2416 486
32 485 4.7402 4.8003 451 76 466 5.1817 5.2440 469
33 483 4.7315 4.8298 449 77 465 5.1837 5.2457 469
34 489 4.7235 4.8579 455 78 484 5.1857 5.2462 487
35 514 4.7134 4.8924 479 79 465 5.1876 5.2482 468
36 503 4.7191 4.9234 469 80 483 5.1888 5.2626 486
37 507 4.9017 4.9552 472 81 464 5.1912 5.2786 468
38 487 4.9034 4.9569 453
39 479 4.9036 4.9565 445
40 480 4.9046 4.9574 448
41 486 4.9053 4.9585 456
42 492 4.9055 4.9575 463
43 492 4.9070 4.9578 462
44 498 4.9064 4.9772 468
- ------------------------------------------------------------------------------------------------------------------------------------
*Includes Net Swap Payments received from and paid to the Swap Provider
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
Breakeven CDR Table for the Mezzanine Certificates
--------------------------------------------------
The assumptions for the breakeven CDR table below are as follows:
- - The Pricing Prepayment Assumption is applied
- - 10% cleanup call is not exercised
- - Forward Curves
- - 40% Severity
- - Interest & Principal advancing
- - 6 month recovery lag
- - Triggers Failing
- - Defaults are in addition to prepayments
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 44.44 26.96
M-2 33.64 23.21
M-3 28.32 20.96
M-4 23.96 18.88
M-5 20.24 16.87
M-6 17.35 15.16
M-7 14.84 13.53
M-8 12.72 12.04
M-9 11.34 11.00
---------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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 term sheet
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 term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
SUMMARY - AGGREGATE POOL*
- ------------------------------------------------------------------------------------------------------------------------------------
Number of Mortgage Loans: 4,748 Index Type:
Aggregate Principal Balance: $1,063,987,175 6 Month LIBOR: 84.66%
Conforming Principal Balance Loans: $771,536,847 Fixed Rate: 15.34%
Average Principal Balance: $224,092 W.A. Initial Periodic Cap**: 2.728%
Range: $12,022 - $1,198,632 W.A. Subsequent Periodic Cap**: 1.015%
W.A. Coupon: 8.154% W.A. Lifetime Rate Cap**: 6.031%
Range: 5.250% - 19.000% Property Type:
W.A. Gross Margin**: 6.150% Single Family: 72.48%
Range: 2.000% - 9.275% PUD: 14.80%
W.A. Remaining Term (months): 347 2-4 Family: 6.74%
Range (months): 118 - 475 Condo: 5.94%
W.A. Seasoning (months): 3 Townhouse: 0.04%
Latest Maturity Date: November 1, 2046
State Concentration (Top 5): Occupancy Status:
California: 49.08% Primary: 94.16%
Florida: 11.11% Investment: 4.40%
Arizona: 7.46% Second Home: 1.44%
New York: 4.64% Documentation Status:
Washington: 3.72% Full: 40.03%
W.A. Original Combined LTV: 82.83% Stated: 56.85%
Range: 11.46% - 100.00% Limited: 0.90%
First Liens: 94.02% No Documentation: 2.23%
Second Liens: 5.98% Non-Zero W.A. Prepayment Penalty - Term (months): 25
Non-Balloon Loans: 71.26% Loans with Prepay Penalties: 80.57%
Non-Zero W.A. FICO Score: 637 Interest Only Loans: 35.26%
- ------------------------------------------------------------------------------------------------------------------------------------ Non-Zero W.A. Interest Only Term (months): 60
* Subject to a permitted variance of +/- 5%
** ARM loans only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Originator
- ------------------------------------------------------------------------------------------------------------------------------------
Number of Aggregate % of Aggregate W.A. W.A.
Initial Mortgage Remaining Remaining W.A. Non-Zero Original
Originator Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
DB Home Lending LLC 2,627 652,965,406 61.37 7.916 646 82.86
ResMAE 692 129,552,138 12.18 8.745 621 84.84
MortgageIT, Inc. 352 86,183,674 8.10 8.085 617 82.99
First Street Financial, Inc 201 53,806,819 5.06 8.149 608 74.99
Other 876 141,479,138 13.30 8.752 629 83.77
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 4,748 1,063,987,175 100.00 8.154 637 82.83
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Collateral Type*
- ------------------------------------------------------------------------------------------------------------------------------------
Number of Aggregate % of Aggregate W.A. W.A.
Initial Remaining Remaining W.A. Non-Zero Original
Mortgage Principal Balance Principal Coupon FICO CLTV
Collateral Type Loans ($) Balance (%) (%)
- ------------------------------------------------------------------------------------------------------------------------------------
Fixed - 15 Year 16 950,773 0.09 10.061 612 72.23
Fixed - 20 Year 3 339,914 0.03 7.454 623 54.80
Fixed - 20 Year IO 1 780,000 0.07 8.650 630 65.00
Fixed - 25 Year 2 124,269 0.01 10.802 642 74.19
Fixed - 30 Year 340 57,147,241 5.37 7.964 646 78.48
Fixed - 30 Year IO 21 5,790,589 0.54 7.561 651 83.40
Fixed - 40 Year 1 126,861 0.01 8.975 596 65.13
Fixed - 30/40 - 10 Year** 8 2,045,498 0.19 7.932 625 78.96
Balloon - 10/30 1 37,958 0.00 12.000 676 100.00
Balloon - 15/30 956 58,962,632 5.54 11.768 640 99.10
Balloon - 20/30 5 224,055 0.02 10.748 659 97.65
Balloon - 30/40 103 28,767,256 2.70 7.753 630 81.74
Balloon - 30/50 34 7,969,781 0.75 7.496 604 74.98
- ------------------------------------------------------------------------------------------------------------------------------------
* Collateral Type continued on next page
** Mortgage Loans which amortize on a 480 month remaining term to maturity for the first 120 months and thereafter on a 240 month
remaining term to maturity
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Collateral Type (Continued)
- ------------------------------------------------------------------------------------------------------------------------------------
Number of Aggregate % of Aggregate W.A. W.A. W.A.
Initial Mortgage Remaining Remaining Coupon Non-Zero Original
Collateral Type Loans Principal Balance ($) Principal Balance (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
ARM - 6 Month 5 757,299 0.07 8.783 612 74.72
ARM - 6 Month 30/50 Balloon 1 253,718 0.02 8.000 649 100.00
ARM - 1 Year/6 Month 2 852,178 0.08 11.593 587 96.29
ARM - 1 Year/6 Month IO 1 627,000 0.06 7.875 634 95.00
ARM - 1 Year/6 Month 30/40 Balloon 2 529,905 0.05 7.905 614 91.95
ARM - 1 Year/6 Month 30/50 Balloon 2 693,209 0.07 8.365 585 82.78
ARM - 2 Year/6 Month 778 155,725,907 14.64 8.416 616 82.25
ARM - 2 Year/6 Month IO 907 314,158,394 29.53 7.594 658 82.30
ARM - 2 Year/6 Month 30/40 Balloon 395 104,671,441 9.84 8.350 609 82.84
ARM - 2 Year/6 Month 30/40 - 10 Year** 549 142,118,850 13.36 8.006 629 81.69
ARM - 2 Year/6 Month 30/50 Balloon 294 88,211,824 8.29 8.220 626 82.63
ARM - 3 Year/6 Month 36 6,650,850 0.63 8.431 619 79.14
ARM - 3 Year/6 Month IO 101 35,530,089 3.34 7.363 667 81.89
ARM - 3 Year/6 Month 30/40 Balloon 30 8,247,522 0.78 8.029 616 83.24
ARM - 3 Year/6 Month 30/40 - 10 Year** 48 12,027,338 1.13 7.569 621 78.73
ARM - 3 Year/6 Month 30/50 Balloon 12 3,199,131 0.30 8.127 611 82.60
ARM - 5 Year/6 Month 18 4,125,611 0.39 7.654 665 77.52
ARM - 5 Year/6 Month IO 59 18,273,978 1.72 7.047 671 80.97
ARM - 5 Year/6 Month 30/40 Balloon 3 544,074 0.05 8.027 632 78.90
ARM - 5 Year/6 Month 30/50 Balloon 14 3,522,030 0.33 7.750 639 82.35
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 4,748 1,063,987,175 100.00 8.154 637 82.83
- ------------------------------------------------------------------------------------------------------------------------------------
** Mortgage Loans which amortize on a 480 month remaining term to maturity for the first 120 months and thereafter on a 240 month
remaining term to maturity
- ------------------------------------------------------------------------------------------------------------------------------------
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 3,658 688,827,124 64.74 8.484 624 83.18
24 19 6,171,470 0.58 7.820 632 83.38
36 1 139,954 0.01 7.955 624 80.00
60 1,066 368,091,427 34.60 7.543 659 82.21
120 4 757,200 0.07 7.625 666 68.76
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 4,748 1,063,987,175 100.00 8.154 637 82.83
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL 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 - 50,000.00 493 17,811,870 1.67 11.625 633 97.08
50,000.01 - 100,000.00 729 53,775,490 5.05 10.774 623 91.47
100,000.01 - 150,000.00 640 80,655,677 7.58 9.070 618 82.02
150,000.01 - 200,000.00 699 122,056,793 11.47 8.225 630 80.50
200,000.01 - 250,000.00 453 101,515,416 9.54 8.128 629 81.43
250,000.01 - 300,000.00 411 113,049,597 10.63 7.815 632 81.27
300,000.01 - 350,000.00 342 110,925,108 10.43 7.762 637 82.40
350,000.01 - 400,000.00 301 112,506,904 10.57 7.818 640 81.86
400,000.01 - 450,000.00 206 87,401,604 8.21 7.770 637 83.38
450,000.01 - 500,000.00 150 71,008,714 6.67 7.596 654 82.54
500,000.01 - 550,000.00 129 67,877,930 6.38 7.628 651 82.42
550,000.01 - 600,000.00 88 50,636,071 4.76 7.788 640 84.29
600,000.01 - 650,000.00 46 28,755,475 2.70 7.558 661 85.14
650,000.01 - 700,000.00 23 15,540,695 1.46 7.872 658 85.41
700,000.01 - 750,000.00 18 13,020,515 1.22 7.707 638 80.89
750,000.01 - 800,000.00 8 6,222,366 0.58 7.676 686 77.89
800,000.01 - 850,000.00 1 828,000 0.08 8.450 620 83.64
850,000.01 - 900,000.00 5 4,345,585 0.41 7.676 677 82.97
900,000.01 - 950,000.00 1 907,503 0.09 6.990 624 90.00
950,000.01 - 1,000,000.00 4 3,947,230 0.37 7.873 670 77.53
1,000,000.01 or greater 1 1,198,632 0.11 7.030 613 80.00
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 4,748 1,063,987,175 100.00 8.154 637 82.83
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet may be based
on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
29
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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 - 50,000.00 497 17,974,807 1.69 11.618 633 97.06
50,000.01 - 100,000.00 728 53,912,294 5.07 10.762 622 91.33
100,000.01 - 150,000.00 639 80,655,559 7.58 9.066 618 82.08
150,000.01 - 200,000.00 700 122,355,934 11.50 8.224 629 80.49
200,000.01 - 250,000.00 452 101,415,845 9.53 8.129 628 81.32
250,000.01 - 300,000.00 409 112,550,403 10.58 7.816 632 81.38
300,000.01 - 350,000.00 344 111,624,350 10.49 7.761 637 82.37
350,000.01 - 400,000.00 299 111,807,662 10.51 7.820 640 81.89
400,000.01 - 450,000.00 206 87,401,604 8.21 7.770 637 83.38
450,000.01 - 500,000.00 150 71,008,714 6.67 7.596 654 82.54
500,000.01 - 550,000.00 129 67,877,930 6.38 7.628 651 82.42
550,000.01 - 600,000.00 88 50,636,071 4.76 7.788 640 84.29
600,000.01 - 650,000.00 46 28,755,475 2.70 7.558 661 85.14
650,000.01 - 700,000.00 23 15,540,695 1.46 7.872 658 85.41
700,000.01 - 750,000.00 18 13,020,515 1.22 7.707 638 80.89
750,000.01 - 800,000.00 8 6,222,366 0.58 7.676 686 77.89
800,000.01 - 850,000.00 1 828,000 0.08 8.450 620 83.64
850,000.01 - 900,000.00 5 4,345,585 0.41 7.676 677 82.97
900,000.01 - 950,000.00 1 907,503 0.09 6.990 624 90.00
950,000.01 - 1,000,000.00 4 3,947,230 0.37 7.873 670 77.53
1,000,000.01 or greater 1 1,198,632 0.11 7.030 613 80.00
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 4,748 1,063,987,175 100.00 8.154 637 82.83
- ------------------------------------------------------------------------------------------------------------------------------------
Remaining Term
- ------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A. W.A.
Number of Aggregate Remaining Remaining Coupon Non-Zero Original
Months Remaining Initial Mortgage Loans Principal Balance ($) Principal Balance (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
61 - 120 1 37,958 0.00 12.000 676 100.00
121 - 180 972 59,913,405 5.63 11.741 639 98.67
181 - 240 9 1,343,969 0.13 8.697 633 67.86
241 - 300 2 124,269 0.01 10.802 642 74.19
301 - 360 3,763 1,002,440,711 94.22 7.938 636 81.91
Greater than or equal to 361 1 126,861 0.01 8.975 596 65.13
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 4,748 1,063,987,175 100.00 8.154 637 82.83
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 2 859,014 0.08 5.250 761 59.20
5.500 - 5.999 23 9,234,594 0.87 5.805 707 73.06
6.000 - 6.499 127 42,589,758 4.00 6.263 666 77.60
6.500 - 6.999 424 137,247,872 12.90 6.781 667 80.03
7.000 - 7.499 614 187,989,486 17.67 7.209 655 80.67
7.500 - 7.999 707 197,338,580 18.55 7.741 647 81.43
8.000 - 8.499 556 152,229,957 14.31 8.185 624 82.12
8.500 - 8.999 438 109,843,037 10.32 8.721 613 83.91
9.000 - 9.499 317 69,784,512 6.56 9.183 601 85.15
9.500 - 9.999 285 50,346,078 4.73 9.715 587 85.88
10.000 - 10.499 171 27,091,268 2.55 10.170 590 87.11
10.500 - 10.999 144 16,434,958 1.54 10.743 605 88.71
11.000 - 11.499 273 20,238,425 1.90 11.098 633 95.67
11.500 - 11.999 137 10,176,534 0.96 11.696 627 91.19
12.000 - 12.499 278 17,378,896 1.63 12.058 626 98.35
12.500 - 12.999 45 2,595,105 0.24 12.741 605 96.81
13.000 - 13.499 194 12,123,652 1.14 13.003 621 99.71
13.500 - 13.999 3 120,286 0.01 13.720 669 96.65
14.000 - 14.499 4 136,246 0.01 14.057 635 100.00
14.500 - 14.999 3 124,195 0.01 14.808 606 100.00
15.000 - 15.499 1 31,359 0.00 15.000 584 100.00
18.000 - 18.499 1 27,788 0.00 18.250 759 100.00
19.000 - 19.499 1 45,576 0.00 19.000 733 100.00
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 4,748 1,063,987,175 100.00 8.154 637 82.83
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 97 15,095,112 1.42 8.261 595 41.81
50.01 - 55.00 30 6,091,604 0.57 7.711 603 52.92
55.01 - 60.00 59 13,010,228 1.22 7.971 589 57.82
60.01 - 65.00 97 23,168,291 2.18 7.867 604 63.31
65.01 - 70.00 151 34,868,784 3.28 8.025 595 68.79
70.01 - 75.00 203 51,481,309 4.84 8.056 605 74.14
75.01 - 80.00 1,776 501,590,374 47.14 7.595 652 79.85
80.01 - 85.00 305 80,485,023 7.56 7.998 614 84.30
85.01 - 90.00 515 138,392,518 13.01 8.316 627 89.60
90.01 - 95.00 330 85,228,545 8.01 8.542 640 94.69
95.01 - 100.00 1,185 114,575,387 10.77 10.399 640 99.85
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 4,748 1,063,987,175 100.00 8.154 637 82.83
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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 1 110,538 0.01 12.000 491 70.00
500 - 524 173 36,451,018 3.43 9.459 512 72.18
525 - 549 187 34,148,781 3.21 9.069 538 74.22
550 - 574 235 55,113,987 5.18 8.597 562 79.01
575 - 599 520 101,984,360 9.59 8.704 588 83.56
600 - 624 868 184,343,268 17.33 8.313 613 84.99
625 - 649 1,216 245,329,895 23.06 8.285 637 84.26
650 - 674 737 179,147,271 16.84 7.822 661 83.44
675 - 699 406 108,674,369 10.21 7.571 686 83.01
700 - 724 192 56,703,431 5.33 7.305 712 83.62
725 - 749 113 31,550,172 2.97 7.390 736 82.03
750 - 774 62 19,365,091 1.82 7.241 762 80.72
775 - 799 31 9,412,860 0.88 7.311 785 78.87
800 - 824 7 1,652,132 0.16 7.771 809 85.56
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 4,748 1,063,987,175 100.00 8.154 637 82.83
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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 1,662 522,196,383 49.08 7.826 646 81.84
Florida 629 118,225,249 11.11 8.577 624 81.92
Arizona 472 79,360,639 7.46 8.089 640 82.69
New York 169 49,400,771 4.64 8.128 624 82.64
Washington 184 39,601,454 3.72 8.105 634 83.83
Nevada 171 32,211,088 3.03 8.377 639 84.36
Oregon 170 27,193,431 2.56 8.208 650 84.51
Illinois 125 26,460,262 2.49 8.768 628 86.43
New Jersey 86 23,044,730 2.17 8.313 612 83.22
Texas 193 17,987,388 1.69 8.972 613 85.22
Colorado 89 10,886,169 1.02 8.795 635 86.75
Connecticut 55 10,656,371 1.00 8.378 609 82.74
Utah 56 9,883,965 0.93 8.075 629 86.02
Michigan 77 8,565,710 0.81 9.358 611 85.57
Georgia 67 8,205,882 0.77 9.250 611 86.33
Minnesota 47 7,860,041 0.74 8.687 637 86.64
Maryland 32 7,812,757 0.73 7.786 636 81.96
North Carolina 41 5,714,080 0.54 9.073 603 85.64
Virginia 24 5,602,847 0.53 8.754 584 81.61
Massachusetts 23 5,396,776 0.51 8.885 626 86.88
Pennsylvania 34 5,091,569 0.48 9.048 598 86.41
Hawaii 14 4,880,805 0.46 8.511 646 78.43
Louisiana 47 4,536,492 0.43 9.347 616 88.02
Missouri 37 3,819,353 0.36 9.373 602 85.64
Ohio 37 3,742,806 0.35 9.327 597 88.11
Idaho 19 3,621,450 0.34 8.096 633 90.05
Tennessee 28 3,036,809 0.29 8.948 626 89.43
South Carolina 21 2,956,478 0.28 8.465 601 85.44
Indiana 25 2,478,308 0.23 9.338 634 91.59
Alabama 17 2,388,017 0.22 9.629 598 93.04
New Mexico 17 2,341,742 0.22 8.968 650 89.83
Mississippi 12 1,094,206 0.10 9.618 590 89.00
Wisconsin 11 1,065,339 0.10 9.582 603 83.52
Kansas 8 853,455 0.08 8.949 593 83.03
- ------------------------------------------------------------------------------------------------------------------------------------
*Geographic Distribution continued on the next page
33
- ------------------------------------------------------------------------------------------------------------------------------------
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 (%)
- ------------------------------------------------------------------------------------------------------------------------------------
Arkansas 10 750,078 0.07 9.832 597 85.94
Kentucky 6 660,310 0.06 9.580 565 85.51
New Hampshire 2 592,166 0.06 9.281 615 83.46
West Virginia 6 575,751 0.05 10.375 599 85.74
Montana 3 569,151 0.05 9.129 601 87.01
Oklahoma 6 550,915 0.05 9.667 554 87.71
Rhode Island 2 494,433 0.05 9.465 542 71.23
Alaska 2 379,870 0.04 7.673 611 80.00
Delaware 2 340,775 0.03 10.344 583 91.76
District of Columbia 2 286,824 0.03 9.448 600 79.09
Wyoming 2 234,042 0.02 10.500 628 96.47
Vermont 1 132,554 0.01 10.850 546 78.49
South Dakota 2 110,493 0.01 10.161 622 84.01
Iowa 2 94,197 0.01 9.993 543 84.89
Maine 1 42,795 0.00 12.990 646 96.96
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 4,748 1,063,987,175 100.00 8.154 637 82.83
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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 4,448 1,001,861,548 94.16 8.117 635 82.83
Investment 239 46,765,050 4.40 8.735 657 81.91
Second Home 61 15,360,577 1.44 8.768 651 85.63
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 4,748 1,063,987,175 100.00 8.154 637 82.83
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Documentation Type
- ------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Program Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
Stated Documentation 2,507 604,832,983 56.85 8.253 647 82.06
Full Documentation 2,049 425,923,579 40.03 7.948 621 83.74
No Documentation 153 23,703,890 2.23 9.316 645 85.54
Limited Documentation 39 9,526,723 0.90 8.168 644 84.57
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 4,748 1,063,987,175 100.00 8.154 637 82.83
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Loan Purpose
- ------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Purpose Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
Purchase 2,700 541,200,193 50.87 8.226 653 84.72
Refinance - Cashout 1,905 488,226,875 45.89 8.086 618 80.82
Refinance - Rate Term 143 34,560,106 3.25 7.978 639 81.83
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 4,748 1,063,987,175 100.00 8.154 637 82.83
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 3,442 771,215,332 72.48 8.140 636 82.76
PUD 746 157,427,879 14.80 8.260 634 83.57
2-4 Family 232 71,714,745 6.74 7.963 642 81.19
Condo 326 63,244,739 5.94 8.271 646 83.82
Townhouse 2 384,480 0.04 8.339 591 80.00
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 4,748 1,063,987,175 100.00 8.154 637 82.83
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Next Rate Adjustment Date*
- ------------------------------------------------------------------------------------------------------------------------------------
% 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 (%)
- ------------------------------------------------------------------------------------------------------------------------------------
June 2007 2 289,645 0.03 8.033 589 76.69
July 2007 3 467,654 0.05 9.247 627 73.50
September 2007 1 253,718 0.03 8.000 649 100.00
December 2007 2 700,939 0.08 8.791 571 85.40
January 2008 1 316,301 0.04 9.225 568 90.00
February 2008 2 522,175 0.06 7.325 634 88.56
March 2008 2 1,162,877 0.13 10.232 618 97.30
April 2008 1 171,496 0.02 7.200 571 70.00
May 2008 1 400,000 0.04 7.905 669 80.00
June 2008 3 330,155 0.04 10.206 582 88.85
July 2008 5 1,520,471 0.17 9.096 619 77.24
August 2008 15 2,704,353 0.30 9.290 604 86.45
September 2008 22 3,160,863 0.35 9.500 605 90.98
October 2008 53 14,040,632 1.56 8.449 616 80.89
November 2008 118 25,627,130 2.85 8.656 613 83.81
December 2008 384 94,696,373 10.51 8.250 621 83.44
January 2009 946 266,295,602 29.56 7.948 634 81.82
February 2009 927 267,706,442 29.72 7.825 639 81.72
March 2009 445 127,663,399 14.17 7.982 645 83.23
April 2009 3 569,500 0.06 8.091 626 85.05
July 2009 1 458,981 0.05 9.750 699 95.00
August 2009 1 219,011 0.02 8.400 633 80.00
September 2009 1 233,740 0.03 7.850 617 90.00
October 2009 5 1,833,000 0.20 7.339 641 80.03
November 2009 13 2,115,044 0.23 8.990 597 83.79
December 2009 11 2,754,180 0.31 8.535 599 82.08
January 2010 67 20,309,888 2.25 7.438 648 79.02
February 2010 89 25,893,756 2.87 7.510 650 81.34
March 2010 39 11,837,329 1.31 7.711 647 83.68
September 2011 3 603,371 0.07 7.950 633 86.34
October 2011 2 434,453 0.05 7.798 645 80.00
November 2011 3 711,735 0.08 8.360 628 81.75
December 2011 6 1,085,809 0.12 7.752 679 77.57
January 2012 28 8,403,872 0.93 7.054 655 79.38
February 2012 35 10,604,029 1.18 7.219 666 81.48
March 2012 17 4,622,422 0.51 7.275 689 80.51
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 3,257 900,720,347 100.00 7.949 636 82.19
- ------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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 5 859,274 0.10 8.431 685 82.54
4.000 - 4.499 2 605,520 0.07 6.877 647 86.59
4.500 - 4.999 33 8,737,198 0.97 7.604 624 79.87
5.000 - 5.499 265 77,944,050 8.65 7.409 657 79.32
5.500 - 5.999 784 239,593,312 26.60 7.639 639 82.49
6.000 - 6.499 1,398 377,418,011 41.90 7.955 636 81.88
6.500 - 6.999 559 147,592,152 16.39 8.402 622 84.27
7.000 - 7.499 152 35,197,840 3.91 8.882 631 80.31
7.500 - 7.999 45 10,924,688 1.21 9.261 639 85.18
8.000 - 8.499 11 1,564,261 0.17 9.697 656 88.71
8.500 - 8.999 1 127,133 0.01 10.750 636 95.00
9.000 - 9.499 2 156,908 0.02 10.797 614 86.59
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 3,257 900,720,347 100.00 7.949 636 82.19
- ------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet may be based
on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
37
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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 (%)
- ------------------------------------------------------------------------------------------------------------------------------------
11.500 - 11.999 14 5,190,642 0.58 5.880 682 75.81
12.000 - 12.499 102 35,224,818 3.91 6.268 669 78.28
12.500 - 12.999 392 130,959,836 14.54 6.798 667 80.75
13.000 - 13.499 502 157,264,703 17.46 7.229 657 80.86
13.500 - 13.999 672 192,810,405 21.41 7.754 644 81.51
14.000 - 14.499 434 120,895,060 13.42 8.187 629 82.40
14.500 - 14.999 412 107,531,118 11.94 8.700 612 84.20
15.000 - 15.499 245 56,480,868 6.27 9.121 600 85.42
15.500 - 15.999 228 49,823,535 5.53 9.638 588 84.74
16.000 - 16.499 109 21,625,344 2.40 10.064 587 88.00
16.500 - 16.999 88 14,686,925 1.63 10.486 581 84.98
17.000 - 17.499 29 4,152,584 0.46 11.037 565 83.87
17.500 - 17.999 21 2,704,225 0.30 11.551 558 73.94
18.000 - 18.499 4 365,865 0.04 11.755 521 74.68
18.500 - 18.999 5 1,004,421 0.11 12.563 590 81.63
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 3,257 900,720,347 100.00 7.949 636 82.19
- ------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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 ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.999 3 579,141 0.06 7.938 570 58.44
5.000 - 5.499 10 3,666,319 0.41 6.453 648 81.12
5.500 - 5.999 67 20,372,783 2.26 6.977 635 79.74
6.000 - 6.499 125 41,101,955 4.56 6.497 662 78.59
6.500 - 6.999 492 160,978,796 17.87 7.177 653 81.52
7.000 - 7.499 477 150,144,971 16.67 7.252 659 80.87
7.500 - 7.999 637 181,581,803 20.16 7.738 647 81.40
8.000 - 8.499 408 110,105,266 12.22 8.235 629 82.41
8.500 - 8.999 381 99,462,463 11.04 8.726 614 84.13
9.000 - 9.499 227 50,584,341 5.62 9.226 604 85.70
9.500 - 9.999 208 44,668,896 4.96 9.714 583 85.54
10.000 - 10.499 97 19,119,543 2.12 10.208 586 87.98
10.500 - 10.999 76 11,479,477 1.27 10.713 582 84.57
11.000 - 11.499 27 3,540,132 0.39 11.245 556 84.24
11.500 - 11.999 18 2,548,416 0.28 11.688 570 70.51
12.000 - 12.499 1 82,511 0.01 12.360 519 70.00
12.500 - 12.999 3 703,534 0.08 12.894 581 92.44
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 3,257 900,720,347 100.00 7.949 636 82.19
- ------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
- ------------------------------------------------------------------------------------------------------------------------------------
Initial Periodic Rate Cap*
- ------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Initial Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Periodic Cap (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
1.000 453 106,000,215 11.77 8.584 619 84.04
1.500 27 5,630,241 0.63 8.485 598 83.16
2.000 98 24,859,100 2.76 8.413 619 83.41
2.950 1 134,599 0.01 7.550 620 64.29
3.000 2,673 763,257,962 84.74 7.841 639 81.89
3.025 2 430,344 0.05 8.757 565 85.88
3.050 1 72,800 0.01 8.450 639 80.00
5.000 2 335,086 0.04 8.282 783 77.21
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 3,257 900,720,347 100.00 7.949 636 82.19
- ------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL 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 ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
1.000 3,137 873,031,227 96.93 7.934 637 82.19
1.500 119 27,577,600 3.06 8.423 612 82.17
2.000 1 111,521 0.01 9.690 610 79.99
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 3,257 900,720,347 100.00 7.949 636 82.19
- ------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
- ------------------------------------------------------------------------------------------------------------------------------------
Lifetime Periodic Cap*
- ------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Lifetime Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Periodic Cap (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 6 1,197,547 0.13 8.306 641 81.19
5.500 - 5.999 1 100,721 0.01 9.200 609 100.00
6.000 - 6.499 3,126 870,085,689 96.60 7.933 637 82.19
6.500 - 6.999 2 940,000 0.10 7.781 708 80.00
7.000 - 7.499 122 28,396,390 3.15 8.410 613 82.10
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 3,257 900,720,347 100.00 7.949 636 82.19
- ------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
- ------------------------------------------------------------------------------------------------------------------------------------
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 1,038 206,723,406 19.43 8.643 628 84.15
6 2 634,377 0.06 9.463 626 84.46
12 237 68,624,062 6.45 8.374 640 82.92
18 1 472,333 0.04 9.650 602 90.00
24 2,847 649,412,572 61.04 8.084 637 83.02
30 2 590,201 0.06 7.343 701 88.92
36 619 137,192,277 12.89 7.634 647 79.89
60 2 337,947 0.03 7.235 631 73.26
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 4,748 1,063,987,175 100.00 8.154 637 82.83
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 1 COLLATERAL
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
SUMMARY - GROUP 1 POOL*
- ------------------------------------------------------------------------------------------------------------------------------------
Number of Mortgage Loans: 2,330 Index Type:
Aggregate Principal Balance: $451,652,331 6 Month LIBOR: 82.80%
Conforming Principal Balance Loans: $451,652,331 Fixed Rate: 17.20%
Average Principal Balance: $193,842 W.A. Initial Periodic Cap**: 2.767%
Range: $13,758 - $693,000 W.A. Subsequent Periodic Cap**: 1.001%
W.A. Coupon: 8.191% W.A. Lifetime Rate Cap**: 6.002%
Range: 5.250% - 14.810% Property Type:
W.A. Gross Margin**: 6.170% Single Family: 71.58%
Range: 2.000% - 9.000% PUD: 13.36%
W.A. Remaining Term (months): 351 2-4 Family: 8.43%
Range (months): 118 - 359 Condo: 6.59%
W.A. Seasoning (months): 3 Townhouse: 0.04%
Latest Maturity Date: March 1, 2037
State Concentration (Top 5): Occupancy Status:
California: 33.70% Primary: 89.99%
Florida: 15.23% Investment: 8.14%
Arizona: 11.06% Second Home: 1.87%
New York: 5.35% Documentation Status:
Washington: 4.48% Full: 45.30%
W.A. Original Combined LTV: 81.11% Stated: 51.91%
Range: 11.46% - 100.00% None: 0.39%
First Liens: 96.80% Limited: 2.39%
Second Liens: 3.20% Non-Zero W.A. Prepayment Penalty - Term (months): 26
Non-Balloon Loans: 70.04% Loans with Prepay Penalties: 79.07%
Non-Zero W.A. FICO Score: 623 Interest Only Loans: 24.57%
Non-Zero W.A. Interest Only Term (months): 60
- ------------------------------------------------------------------------------------------------------------------------------------
* Subject to a permitted variance of +/- 5%
** ARM loans only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 1 COLLATERAL
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Originator
- ------------------------------------------------------------------------------------------------------------------------------------
Number of Aggregate % of Aggregate W.A. W.A.
Initial Mortgage Remaining Remaining W.A. Non-Zero Original
Originator Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
DB Home Lending LLC 1,313 260,582,765 57.70 8.023 633 81.44
ResMAE 289 53,271,000 11.79 8.635 604 82.77
MortgageIT, Inc. 209 49,552,359 10.97 7.954 617 81.08
First Street Financial, Inc 156 35,867,980 7.94 8.055 609 73.32
Other 363 52,378,227 11.60 8.891 608 83.20
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,330 451,652,331 100.00 8.191 623 81.11
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Collateral Type*
- ------------------------------------------------------------------------------------------------------------------------------------
Number of Aggregate % of Aggregate W.A. W.A. W.A.
Initial Mortgage Remaining Remaining Coupon Non-Zero Original
Collateral Type Loans Principal Balance ($) Principal Balance (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
Fixed - 15 Year 11 614,273 0.14 9.340 601 61.98
Fixed - 20 Year 3 339,914 0.08 7.454 623 54.80
Fixed - 25 Year 2 124,269 0.03 10.802 642 74.19
Fixed - 30 Year 188 34,304,078 7.60 7.810 633 76.94
Fixed - 30 Year IO 15 3,861,045 0.85 7.631 650 83.68
Fixed - 30/40-10 Year** 4 637,224 0.14 7.681 583 72.74
Balloon - 10/30 1 37,958 0.01 12.000 676 100.00
Balloon - 15/30 315 13,885,070 3.07 11.847 634 99.21
Balloon - 20/30 1 46,852 0.01 10.625 662 99.85
Balloon - 30/40 70 17,428,005 3.86 7.878 621 79.29
Balloon - 30/50 30 6,390,171 1.41 7.640 600 75.66
- ------------------------------------------------------------------------------------------------------------------------------------
* Collateral Type continued on next page
** Mortgage Loans which amortize on a 480 month remaining term to maturity for the first 120 months and thereafter on a 240 month
remaining term to maturity
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 1 COLLATERAL
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Collateral Type (Continued)
- ------------------------------------------------------------------------------------------------------------------------------------
Number of Aggregate % of Aggregate W.A. W.A. W.A.
Initial Mortgage Remaining Remaining Coupon Non-Zero Original
Collateral Type Loans Principal Balance ($) Principal Balance (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
ARM - 6 Month 1 82,511 0.02 12.360 519 70.00
ARM - 6 Month 30/50 Balloon 1 253,718 0.06 8.000 649 100.00
ARM - 1 Year/6 Month 1 316,301 0.07 9.225 568 90.00
ARM - 1 Year/6 Month 30/40 Balloon 2 529,905 0.12 7.905 614 91.95
ARM - 2 Year/6 Month 460 80,894,237 17.91 8.534 610 80.94
ARM - 2 Year/6 Month IO 330 85,279,330 18.88 7.672 650 82.35
ARM - 2 Year/6 Month 30/40 Balloon 212 47,714,512 10.56 8.405 600 81.49
ARM - 2 Year/6 Month 30/40 - 10 Year** 332 73,928,089 16.37 8.190 610 80.28
ARM - 2 Year/6 Month 30/50 Balloon 161 40,111,502 8.88 8.232 613 81.00
ARM - 3 Year/6 Month 22 3,603,802 0.80 8.370 607 73.98
ARM - 3 Year/6 Month IO 48 12,614,544 2.79 7.632 651 80.39
ARM - 3 Year/6 Month 30/40 Balloon 18 3,936,040 0.87 8.023 604 81.01
ARM - 3 Year/6 Month 30/40 - 10 Year** 32 7,083,678 1.57 7.762 610 79.13
ARM - 3 Year/6 Month 30/50 Balloon 9 2,027,584 0.45 8.604 603 82.03
ARM - 5 Year/6 Month 15 3,442,453 0.76 7.611 659 76.52
ARM - 5 Year/6 Month IO 34 9,210,791 2.04 7.127 671 79.44
ARM - 5 Year/6 Month 30/40 Balloon 2 389,424 0.09 7.492 640 74.49
ARM - 5 Year/6 Month 30/50 Balloon 10 2,565,052 0.57 7.522 647 81.07
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,330 451,652,331 100.00 8.191 623 81.11
- ------------------------------------------------------------------------------------------------------------------------------------
** Mortgage Loans which amortize on a 480 month remaining term to maturity for the first 120 months and thereafter on a 240 month
remaining term to maturity
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 1 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 ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
0 1,903 340,686,622 75.43 8.377 613 80.85
24 8 1,901,139 0.42 7.990 641 84.56
36 1 139,954 0.03 7.955 624 80.00
60 416 108,450,517 24.01 7.614 652 81.97
120 2 474,100 0.10 7.596 627 64.90
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,330 451,652,331 100.00 8.191 623 81.11
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Principal Balance at Origination
- ------------------------------------------------------------------------------------------------------------------------------------
Number of Aggregate % of Aggregate W.A. W.A.
Principal Balance at Initial Mortgage Remaining Remaining W.A. Non-Zero Original
Origination ($) Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00 241 8,798,863 1.95 11.682 631 96.46
50,000.01 - 100,000.00 273 19,778,117 4.38 10.015 610 84.56
100,000.01 - 150,000.00 351 44,827,756 9.93 8.571 609 77.14
150,000.01 - 200,000.00 505 87,971,702 19.48 8.152 626 80.04
200,000.01 - 250,000.00 265 59,713,155 13.22 8.187 620 80.58
250,000.01 - 300,000.00 257 70,355,560 15.58 7.839 622 80.62
300,000.01 - 350,000.00 192 62,439,901 13.82 7.737 631 81.77
350,000.01 - 400,000.00 164 61,208,165 13.55 7.924 623 81.80
400,000.01 - 450,000.00 59 24,394,977 5.40 7.944 619 81.99
450,000.01 - 500,000.00 7 3,329,294 0.74 7.930 618 82.50
500,000.01 - 550,000.00 10 5,209,762 1.15 7.609 656 82.38
550,000.01 - 600,000.00 4 2,302,336 0.51 8.075 624 84.96
600,000.01 - 650,000.00 1 629,744 0.14 6.775 679 90.00
650,000.01 - 700,000.00 1 693,000 0.15 8.700 690 90.00
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,330 451,652,331 100.00 8.191 623 81.11
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet may be based
on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
44
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 1 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 ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00 242 8,848,372 1.96 11.684 632 96.48
50,000.01 - 100,000.00 275 20,028,349 4.43 9.990 609 84.27
100,000.01 - 150,000.00 349 44,677,701 9.89 8.570 610 77.23
150,000.01 - 200,000.00 506 88,220,786 19.53 8.149 626 80.03
200,000.01 - 250,000.00 265 59,813,579 13.24 8.188 620 80.39
250,000.01 - 300,000.00 255 69,856,365 15.47 7.839 623 80.79
300,000.01 - 350,000.00 193 62,789,146 13.90 7.740 631 81.73
350,000.01 - 400,000.00 163 60,858,920 13.47 7.923 623 81.84
400,000.01 - 450,000.00 59 24,394,977 5.40 7.944 619 81.99
450,000.01 - 500,000.00 7 3,329,294 0.74 7.930 618 82.50
500,000.01 - 550,000.00 10 5,209,762 1.15 7.609 656 82.38
550,000.01 - 600,000.00 4 2,302,336 0.51 8.075 624 84.96
600,000.01 - 650,000.00 1 629,744 0.14 6.775 679 90.00
650,000.01 - 700,000.00 1 693,000 0.15 8.700 690 90.00
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,330 451,652,331 100.00 8.191 623 81.11
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Remaining Term
- ------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Months Remaining Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
61 - 120 1 37,958 0.01 12.000 676 100.00
121 - 180 326 14,499,343 3.21 11.740 633 97.63
181 - 240 4 386,766 0.09 7.838 628 60.26
241 - 300 2 124,269 0.03 10.802 642 74.19
301 - 360 1,997 436,603,994 96.67 8.072 622 80.59
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,330 451,652,331 100.00 8.191 623 81.11
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 1 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 1 324,627 0.07 5.250 703 51.18
5.500 - 5.999 10 2,624,944 0.58 5.843 698 74.58
6.000 - 6.499 61 17,132,216 3.79 6.283 658 74.10
6.500 - 6.999 210 52,265,623 11.57 6.793 658 78.72
7.000 - 7.499 304 74,283,290 16.45 7.189 645 80.09
7.500 - 7.999 355 77,073,597 17.06 7.752 636 80.22
8.000 - 8.499 310 69,341,939 15.35 8.177 615 81.46
8.500 - 8.999 246 51,945,679 11.50 8.727 602 82.21
9.000 - 9.499 196 40,004,907 8.86 9.181 596 83.27
9.500 - 9.999 146 26,502,569 5.87 9.724 578 82.52
10.000 - 10.499 95 13,929,374 3.08 10.158 573 81.80
10.500 - 10.999 77 9,027,848 2.00 10.738 575 82.45
11.000 - 11.499 91 5,755,682 1.27 11.112 602 90.47
11.500 - 11.999 35 2,592,401 0.57 11.690 583 79.98
12.000 - 12.499 107 4,991,244 1.11 12.043 618 96.21
12.500 - 12.999 11 507,049 0.11 12.698 584 87.15
13.000 - 13.499 70 3,206,837 0.71 13.003 618 99.86
13.500 - 13.999 1 36,506 0.01 13.750 631 99.24
14.000 - 14.499 2 53,970 0.01 14.000 643 100.00
14.500 - 14.999 2 52,028 0.01 14.716 602 100.00
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,330 451,652,331 100.00 8.191 623 81.11
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 1 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 87 13,917,075 3.08 8.184 596 41.92
50.01 - 55.00 23 4,272,228 0.95 7.948 585 53.36
55.01 - 60.00 49 10,214,074 2.26 8.114 580 57.60
60.01 - 65.00 78 16,595,891 3.67 7.974 593 63.21
65.01 - 70.00 129 27,185,238 6.02 8.100 591 68.78
70.01 - 75.00 147 32,953,563 7.30 8.208 592 74.23
75.01 - 80.00 703 150,574,735 33.34 7.776 638 79.74
80.01 - 85.00 202 47,489,650 10.51 7.957 612 84.38
85.01 - 90.00 318 74,222,158 16.43 8.315 626 89.58
90.01 - 95.00 180 39,956,814 8.85 8.413 643 94.77
95.01 - 100.00 414 34,270,905 7.59 10.028 639 99.83
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,330 451,652,331 100.00 8.191 623 81.11
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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 1 110,538 0.02 12.000 491 70.00
500 - 524 132 24,492,052 5.42 9.610 512 70.04
525 - 549 143 27,412,796 6.07 9.042 538 73.63
550 - 574 171 37,109,267 8.22 8.508 563 77.70
575 - 599 314 62,631,731 13.87 8.473 588 80.92
600 - 624 409 74,853,718 16.57 8.206 613 83.14
625 - 649 489 84,852,057 18.79 8.150 637 83.54
650 - 674 316 61,650,230 13.65 7.721 661 82.40
675 - 699 177 39,255,860 8.69 7.584 684 84.16
700 - 724 91 21,420,573 4.74 7.382 712 83.47
725 - 749 47 9,804,211 2.17 7.245 734 82.45
750 - 774 22 4,806,846 1.06 7.303 765 82.31
775 - 799 14 2,627,319 0.58 7.374 786 78.47
800 - 824 4 625,132 0.14 8.614 808 77.58
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,330 451,652,331 100.00 8.191 623 81.11
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 1 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 548 152,196,606 33.70 7.767 627 77.65
Florida 392 68,766,034 15.23 8.505 615 80.68
Arizona 315 49,947,816 11.06 8.042 637 82.62
New York 82 24,180,508 5.35 7.915 613 78.76
Washington 100 20,256,576 4.48 8.103 627 84.61
Oregon 103 15,921,120 3.53 8.134 646 83.73
Nevada 90 15,621,834 3.46 8.285 636 83.11
New Jersey 57 15,094,850 3.34 8.256 605 83.23
Illinois 65 13,630,193 3.02 8.830 616 86.98
Colorado 65 7,242,196 1.60 8.856 636 86.28
Utah 38 6,386,641 1.41 8.093 619 85.35
Minnesota 32 5,334,460 1.18 8.423 630 86.03
Connecticut 28 4,985,954 1.10 8.507 595 81.38
Michigan 45 4,782,272 1.06 9.202 616 82.34
Texas 56 4,335,576 0.96 9.269 615 86.99
Maryland 22 4,130,200 0.91 8.038 604 80.30
Georgia 32 3,810,884 0.84 9.500 616 86.16
Pennsylvania 20 3,401,936 0.75 9.006 593 86.54
Virginia 15 2,994,844 0.66 8.585 577 79.09
Louisiana 25 2,656,500 0.59 8.908 623 86.85
Hawaii 8 2,628,437 0.58 8.503 635 75.02
Massachusetts 11 2,428,306 0.54 8.405 597 85.83
Idaho 15 2,403,631 0.53 8.472 619 87.19
North Carolina 22 2,355,876 0.52 9.401 586 83.91
Missouri 22 2,345,601 0.52 9.225 593 85.67
Ohio 18 2,174,731 0.48 9.270 594 88.02
Indiana 18 1,782,151 0.39 8.876 641 92.17
South Carolina 9 1,191,133 0.26 8.310 579 85.90
Tennessee 9 825,783 0.18 9.440 609 89.67
New Mexico 8 823,669 0.18 8.935 627 93.01
Wisconsin 8 816,650 0.18 9.708 603 81.71
Alabama 8 788,260 0.17 9.782 578 91.66
Kansas 6 720,781 0.16 8.968 593 83.30
Kentucky 6 660,310 0.15 9.580 565 85.51
- ------------------------------------------------------------------------------------------------------------------------------------
*Geographic Distribution continued on the next page
48
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 1 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 2 546,338 0.12 8.988 600 86.46
Oklahoma 5 497,392 0.11 9.538 555 88.00
Rhode Island 2 494,433 0.11 9.465 542 71.23
Arkansas 5 465,666 0.10 9.672 592 87.18
Alaska 2 379,870 0.08 7.673 611 80.00
Mississippi 5 376,286 0.08 9.891 630 95.73
West Virginia 4 315,136 0.07 9.981 617 90.04
District of Columbia 2 286,824 0.06 9.448 600 79.09
Wyoming 2 234,042 0.05 10.500 628 96.47
Delaware 1 230,298 0.05 9.850 591 95.00
Vermont 1 132,554 0.03 10.850 546 78.49
Iowa 1 71,175 0.02 9.700 510 80.00
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,330 451,652,331 100.00 8.191 623 81.11
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 1 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 2,099 406,433,696 89.99 8.133 620 80.96
Investment 194 36,781,442 8.14 8.715 651 81.74
Second Home 37 8,437,193 1.87 8.678 647 85.94
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,330 451,652,331 100.00 8.191 623 81.11
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Documentation Type
- ------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Program Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
Stated Documentation 1,137 234,462,948 51.91 8.349 632 79.91
Full Documentation 1,123 204,613,717 45.30 7.962 612 82.44
No Documentation 63 10,815,546 2.39 9.111 622 82.63
Limited Documentation 7 1,760,120 0.39 8.057 625 77.87
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,330 451,652,331 100.00 8.191 623 81.11
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Loan Purpose
- ------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Purpose Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
Refinance - Cashout 1,465 325,049,397 71.97 8.123 613 79.55
Purchase 758 104,884,028 23.22 8.404 654 85.78
Refinance - Rate Term 107 21,718,906 4.81 8.185 624 82.03
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,330 451,652,331 100.00 8.191 623 81.11
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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 1,719 323,306,313 71.58 8.214 621 81.18
PUD 324 60,326,940 13.36 8.188 623 81.76
2-4 Family 125 38,078,243 8.43 8.019 626 78.75
Condo 161 29,780,286 6.59 8.165 641 82.11
Townhouse 1 160,548 0.04 9.125 540 80.00
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,330 451,652,331 100.00 8.191 623 81.11
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 1 COLLATERAL
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Next Rate Adjustment Date*
- ------------------------------------------------------------------------------------------------------------------------------------
% 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 (%)
- ------------------------------------------------------------------------------------------------------------------------------------
June 2007 1 82,511 0.02 12.360 519 70.00
September 2007 1 253,718 0.07 8.000 649 100.00
December 2007 1 186,138 0.05 8.975 584 90.00
January 2008 1 316,301 0.08 9.225 568 90.00
February 2008 1 343,767 0.09 7.325 631 93.00
April 2008 1 171,496 0.05 7.200 571 70.00
July 2008 3 334,365 0.09 8.758 635 86.31
August 2008 9 1,110,898 0.30 9.753 597 87.15
September 2008 12 1,526,145 0.41 8.864 605 89.65
October 2008 30 6,551,275 1.75 8.619 612 78.06
November 2008 71 14,241,454 3.81 8.776 604 83.57
December 2008 198 41,394,428 11.07 8.264 609 82.24
January 2009 469 104,972,099 28.07 8.162 616 80.78
February 2009 481 108,373,713 28.98 7.968 624 80.59
March 2009 221 49,251,797 13.17 8.303 631 82.20
September 2009 1 233,740 0.06 7.850 617 90.00
October 2009 3 815,229 0.22 7.411 635 78.21
November 2009 8 1,395,583 0.37 8.553 594 82.44
December 2009 8 1,547,511 0.41 8.788 592 79.72
January 2010 35 7,725,715 2.07 7.930 625 78.21
February 2010 52 12,085,572 3.23 7.738 630 79.46
March 2010 22 5,462,299 1.46 7.737 634 80.29
September 2011 3 603,371 0.16 7.950 633 86.34
November 2011 2 557,085 0.15 8.078 633 79.47
December 2011 4 750,724 0.20 7.516 633 77.73
January 2012 15 4,027,263 1.08 6.841 661 78.31
February 2012 26 7,110,154 1.90 7.249 662 79.16
March 2012 11 2,559,122 0.68 7.824 695 77.81
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 1,690 373,983,472 100.00 8.118 622 81.05
- ------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 1 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 ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
2.000 - 2.499 3 524,188 0.14 8.526 622 85.94
4.000 - 4.499 2 605,520 0.16 6.877 647 86.59
4.500 - 4.999 28 6,593,911 1.76 7.418 622 77.39
5.000 - 5.499 146 34,039,364 9.10 7.624 638 75.82
5.500 - 5.999 374 92,984,922 24.86 7.818 623 82.79
6.000 - 6.499 653 140,564,846 37.59 8.112 620 80.38
6.500 - 6.999 342 71,486,829 19.11 8.431 612 82.58
7.000 - 7.499 106 21,017,261 5.62 9.116 623 80.91
7.500 - 7.999 27 5,068,545 1.36 9.139 656 83.37
8.000 - 8.499 8 994,669 0.27 10.014 661 89.72
9.000 - 9.499 1 103,418 0.03 10.550 652 90.00
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 1,690 373,983,472 100.00 8.118 622 81.05
- ------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
- ------------------------------------------------------------------------------------------------------------------------------------
Maximum Mortgage Rate*
- ------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Maximum Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Mortgage Rate (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
11.500 - 11.999 8 2,407,970 0.64 5.862 697 76.79
12.000 - 12.499 47 13,436,916 3.59 6.296 662 75.10
12.500 - 12.999 183 47,033,966 12.58 6.814 658 80.36
13.000 - 13.499 225 54,977,755 14.70 7.227 646 80.30
13.500 - 13.999 339 77,195,509 20.64 7.774 632 80.67
14.000 - 14.499 230 49,243,272 13.17 8.217 617 81.91
14.500 - 14.999 237 51,587,950 13.79 8.759 602 81.98
15.000 - 15.499 153 31,464,949 8.41 9.211 594 84.28
15.500 - 15.999 130 25,400,078 6.79 9.746 573 81.69
16.000 - 16.499 57 9,621,088 2.57 10.199 567 83.19
16.500 - 16.999 54 7,919,901 2.12 10.711 570 79.97
17.000 - 17.499 13 1,881,685 0.50 11.206 540 79.95
17.500 - 17.999 10 1,451,727 0.39 11.698 554 65.64
18.000 - 18.499 2 193,050 0.05 12.154 503 70.00
18.500 - 18.999 2 167,657 0.04 12.589 522 68.29
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 1,690 373,983,472 100.00 8.118 622 81.05
- ------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 1 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 ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
4.500 - 4.999 3 579,141 0.15 7.938 570 58.44
5.000 - 5.499 5 1,648,278 0.44 6.555 644 82.49
5.500 - 5.999 41 11,124,092 2.97 7.062 641 79.65
6.000 - 6.499 61 16,256,383 4.35 6.582 650 74.90
6.500 - 6.999 244 63,094,090 16.87 7.355 641 81.27
7.000 - 7.499 205 49,614,753 13.27 7.251 648 80.30
7.500 - 7.999 308 68,187,099 18.23 7.744 636 80.36
8.000 - 8.499 210 43,647,691 11.67 8.245 618 82.01
8.500 - 8.999 215 46,378,704 12.40 8.738 602 82.05
9.000 - 9.499 145 29,445,859 7.87 9.226 596 84.15
9.500 - 9.999 120 23,283,541 6.23 9.726 574 82.21
10.000 - 10.499 56 9,528,171 2.55 10.200 568 83.42
10.500 - 10.999 52 7,702,380 2.06 10.738 568 79.96
11.000 - 11.499 13 1,881,685 0.50 11.206 540 79.95
11.500 - 11.999 9 1,361,435 0.36 11.678 558 65.71
12.000 - 12.499 1 82,511 0.02 12.360 519 70.00
12.500 - 12.999 2 167,657 0.04 12.589 522 68.29
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 1,690 373,983,472 100.00 8.118 622 81.05
- ------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
- ------------------------------------------------------------------------------------------------------------------------------------
Initial Periodic Rate Cap*
- ------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Initial Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Periodic Cap (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
1.000 209 42,438,532 11.35 8.676 602 82.97
1.500 5 761,636 0.20 8.116 623 80.82
2.000 4 990,333 0.26 8.566 601 90.31
2.950 1 134,599 0.04 7.550 620 64.29
3.000 1,468 329,155,227 88.01 8.044 624 80.77
3.025 2 430,344 0.12 8.757 565 85.88
3.050 1 72,800 0.02 8.450 639 80.00
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 1,690 373,983,472 100.00 8.118 622 81.05
- ------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet may be based
on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
53
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 1 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 ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
1.000 1,684 373,096,819 99.76 8.119 622 81.06
1.500 5 775,132 0.21 7.608 603 74.82
2.000 1 111,521 0.03 9.690 610 79.99
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 1,690 373,983,472 100.00 8.118 622 81.05
- ------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
- ------------------------------------------------------------------------------------------------------------------------------------
Lifetime Periodic Cap*
- ------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Lifetime Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Periodic Cap (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 1 74,810 0.02 8.325 589 81.52
6.000 - 6.499 1,683 373,022,010 99.74 8.119 622 81.06
7.000 - 7.499 6 886,653 0.24 7.870 604 75.47
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 1,690 373,983,472 100.00 8.118 622 81.05
- ------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
- ------------------------------------------------------------------------------------------------------------------------------------
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 (%)
- ------------------------------------------------------------------------------------------------------------------------------------
0 525 94,535,769 20.93 8.642 611 82.89
6 1 175,684 0.04 11.000 584 70.00
12 99 21,396,081 4.74 8.524 630 81.24
24 1,329 258,515,378 57.24 8.144 623 81.34
30 1 350,982 0.08 7.150 674 95.00
36 375 76,678,437 16.98 7.700 635 78.08
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,330 451,652,331 100.00 8.191 623 81.11
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet may be based
on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
54
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 2 COLLATERAL
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
SUMMARY - GROUP 2 POOL*
- ------------------------------------------------------------------------------------------------------------------------------------
Number of Mortgage Loans: 2,418 Index Type:
Aggregate Principal Balance: $612,334,844 6 Month LIBOR: 86.02%
Conforming Principal Balance Loans: $319,884,516 Fixed Rate: 13.98%
Average Principal Balance: $253,240 W.A. Initial Periodic Cap**: 2.701%
Range: $12,022 - $1,198,632 W.A. Subsequent Periodic Cap**: 1.025%
W.A. Coupon: 8.127% W.A. Lifetime Rate Cap**: 6.051%
Range: 5.250% - 19.000% Property Type:
W.A. Gross Margin**: 6.136% Single Family: 73.15%
Range: 2.250% - 9.275% PUD: 15.86%
W.A. Remaining Term (months): 344 2-4 Family: 5.49%
Range (months): 156 - 475 Condo: 5.47%
W.A. Seasoning (months): 3 Townhouse: 0.04%
Latest Maturity Date: November 1, 2046
State Concentration (Top 5): Occupancy Status:
California: 60.42% Primary: 97.24%
Florida: 8.08% Investment: 1.63%
Arizona: 4.80% Second Home: 1.13%
New York: 4.12% Documentation Status:
Washington: 3.16% Full: 36.14%
W.A. Original Combined LTV: 84.10% Stated: 60.48%
Range: 16.67% - 100.00% Limited: 1.27%
First Liens: 91.97% None: 2.10%
Second Liens: 8.03% Non-Zero W.A. Prepayment Penalty - Term (months): 24
Non-Balloon Loans: 72.15% Loans with Prepay Penalties: 81.68%
Non-Zero W.A. FICO Score: 647 Interest Only Loans: 43.15%
Non-Zero W.A. Interest Only Term (months): 59
- ------------------------------------------------------------------------------------------------------------------------------------
* Subject to a permitted variance of +/- 5%
** ARM loans only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet may be based
on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
55
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 2 COLLATERAL
- ----------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Originator
- ------------------------------------------------------------------------------------------------------------------------------------
Number of Aggregate % of Aggregate W.A. W.A.
Initial Mortgage Remaining Remaining W.A. Non-Zero Original
Originator Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
DB Home Lending LLC 1,314 392,382,641 64.08 7.845 655 83.80
ResMAE 403 76,281,138 12.46 8.823 633 86.28
MortgageIT, Inc. 143 36,631,315 5.98 8.262 617 85.58
New Century Mortgage Corp. 200 35,539,268 5.80 8.491 620 82.79
Other 358 71,500,482 11.68 8.676 643 83.31
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,418 612,334,844 100.00 8.127 647 84.10
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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 5 336,500 0.05 11.377 633 90.94
Fixed - 20 Year IO 1 780,000 0.13 8.650 630 65.00
Fixed - 30 Year 152 22,843,163 3.73 8.194 666 80.80
Fixed - 30 Year IO 6 1,929,544 0.32 7.422 653 82.84
Fixed - 40 Year 1 126,861 0.02 8.975 596 65.13
Fixed - 30/40 - 10 Year** 4 1,408,274 0.23 8.046 644 81.78
Balloon - 15/30 641 45,077,562 7.36 11.743 641 99.06
Balloon - 20/30 4 177,203 0.03 10.780 658 97.07
Balloon - 30/40 33 11,339,251 1.85 7.562 644 85.51
Balloon - 30/50 4 1,579,610 0.26 6.915 623 72.23
ARM - 6 Month 4 674,788 0.11 8.345 624 75.30
ARM - 1 Year/6 Month 1 535,877 0.09 12.990 599 100.00
ARM - 1 Year/6 Month IO 1 627,000 0.10 7.875 634 95.00
ARM - 1 Year/6 Month 30/50 Balloon 2 693,209 0.11 8.365 585 82.78
ARM - 2 Year/6 Month 318 74,831,670 12.22 8.287 623 83.66
ARM - 2 Year/6 Month IO 577 228,879,065 37.38 7.565 660 82.29
ARM - 2 Year/6 Month 30/40 Balloon 183 56,956,929 9.30 8.303 616 83.96
ARM - 2 Year/6 Month 30/40 - 10 Year** 217 68,190,761 11.14 7.807 649 83.23
ARM - 2 Year/6 Month 30/50 Balloon 133 48,100,323 7.86 8.210 637 83.98
- ------------------------------------------------------------------------------------------------------------------------------------
* Continued on next page
** Mortgage Loans which amortize on a 480 month remaining term to maturity for the first 120 months and thereafter on a 240 month
remaining term to maturity
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet may be based
on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
56
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 2 COLLATERAL
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Collateral Type (Continued)
- ------------------------------------------------------------------------------------------------------------------------------------
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 (%)
- ------------------------------------------------------------------------------------------------------------------------------------
ARM - 3 Year/6 Month 14 3,047,048 0.50 8.502 633 85.23
ARM - 3 Year/6 Month IO 53 22,915,545 3.74 7.214 676 82.72
ARM - 3 Year/6 Month 30/40 Balloon 12 4,311,482 0.70 8.034 627 85.28
ARM - 3 Year/6 Month 30/40 - 10 Year** 16 4,943,659 0.81 7.292 638 78.16
ARM - 3 Year/6 Month 30/50 Balloon 3 1,171,547 0.19 7.301 624 83.59
ARM - 5 Year/6 Month 3 683,159 0.11 7.872 695 82.57
ARM - 5 Year/6 Month IO 25 9,063,187 1.48 6.966 671 82.54
ARM - 5 Year/6 Month 30/40 Balloon 1 154,650 0.03 9.375 612 90.00
ARM - 5 Year/6 Month 30/50 Balloon 4 956,977 0.16 8.360 616 85.78
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,418 612,334,844 100.00 8.127 647 84.10
- ------------------------------------------------------------------------------------------------------------------------------------
** Mortgage Loans which amortize on a 480 month remaining term to maturity for the first 120 months and thereafter on a 240 month
remaining term to maturity
- ------------------------------------------------------------------------------------------------------------------------------------
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 1,755 348,140,502 56.85 8.589 635 85.45
24 11 4,270,331 0.70 7.745 627 82.86
60 650 259,640,910 42.40 7.513 662 82.31
120 2 283,100 0.05 7.673 732 75.23
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,418 612,334,844 100.00 8.127 647 84.10
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet may be based
on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
57
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 2 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 - 50,000.00 252 9,013,007 1.47 11.569 635 97.69
50,000.01 - 100,000.00 456 33,997,373 5.55 11.216 630 95.49
100,000.01 - 150,000.00 289 35,827,921 5.85 9.694 628 88.13
150,000.01 - 200,000.00 194 34,085,091 5.57 8.411 639 81.70
200,000.01 - 250,000.00 188 41,802,260 6.83 8.045 641 82.65
250,000.01 - 300,000.00 154 42,694,038 6.97 7.777 648 82.34
300,000.01 - 350,000.00 150 48,485,207 7.92 7.793 644 83.22
350,000.01 - 400,000.00 137 51,298,739 8.38 7.691 660 81.93
400,000.01 - 450,000.00 147 63,006,627 10.29 7.703 644 83.92
450,000.01 - 500,000.00 143 67,679,420 11.05 7.579 656 82.54
500,000.01 - 550,000.00 119 62,668,168 10.23 7.630 650 82.42
550,000.01 - 600,000.00 84 48,333,735 7.89 7.774 641 84.26
600,000.01 - 650,000.00 45 28,125,731 4.59 7.575 661 85.03
650,000.01 - 700,000.00 22 14,847,695 2.42 7.834 657 85.20
700,000.01 - 750,000.00 18 13,020,515 2.13 7.707 638 80.89
750,000.01 - 800,000.00 8 6,222,366 1.02 7.676 686 77.89
800,000.01 - 850,000.00 1 828,000 0.14 8.450 620 83.64
850,000.01 - 900,000.00 5 4,345,585 0.71 7.676 677 82.97
900,000.01 - 950,000.00 1 907,503 0.15 6.990 624 90.00
950,000.01 - 1,000,000.00 4 3,947,230 0.64 7.873 670 77.53
1,000,000.01 or greater 1 1,198,632 0.20 7.030 613 80.00
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,418 612,334,844 100.00 8.127 647 84.10
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet may be based
on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
58
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 2 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 - 50,000.00 255 9,126,435 1.49 11.555 634 97.61
50,000.01 - 100,000.00 453 33,883,945 5.53 11.219 630 95.50
100,000.01 - 150,000.00 290 35,977,858 5.88 9.682 629 88.10
150,000.01 - 200,000.00 194 34,135,148 5.57 8.417 639 81.69
200,000.01 - 250,000.00 187 41,602,267 6.79 8.044 641 82.67
250,000.01 - 300,000.00 154 42,694,038 6.97 7.777 648 82.34
300,000.01 - 350,000.00 151 48,835,204 7.98 7.787 645 83.20
350,000.01 - 400,000.00 136 50,948,742 8.32 7.696 659 81.95
400,000.01 - 450,000.00 147 63,006,627 10.29 7.703 644 83.92
450,000.01 - 500,000.00 143 67,679,420 11.05 7.579 656 82.54
500,000.01 - 550,000.00 119 62,668,168 10.23 7.630 650 82.42
550,000.01 - 600,000.00 84 48,333,735 7.89 7.774 641 84.26
600,000.01 - 650,000.00 45 28,125,731 4.59 7.575 661 85.03
650,000.01 - 700,000.00 22 14,847,695 2.42 7.834 657 85.20
700,000.01 - 750,000.00 18 13,020,515 2.13 7.707 638 80.89
750,000.01 - 800,000.00 8 6,222,366 1.02 7.676 686 77.89
800,000.01 - 850,000.00 1 828,000 0.14 8.450 620 83.64
850,000.01 - 900,000.00 5 4,345,585 0.71 7.676 677 82.97
900,000.01 - 950,000.00 1 907,503 0.15 6.990 624 90.00
950,000.01 - 1,000,000.00 4 3,947,230 0.64 7.873 670 77.53
1,000,000.01 or greater 1 1,198,632 0.20 7.030 613 80.00
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,418 612,334,844 100.00 8.127 647 84.10
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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 - 180 646 45,414,062 7.42 11.741 641 99.00
181 - 240 5 957,203 0.16 9.044 635 70.94
301 - 360 1,766 565,836,717 92.41 7.835 647 82.93
361 or greater 1 126,861 0.02 8.975 596 65.13
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,418 612,334,844 100.00 8.127 647 84.10
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 2 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 1 534,386 0.09 5.250 797 64.07
5.500 - 5.999 13 6,609,649 1.08 5.789 711 72.46
6.000 - 6.499 66 25,457,542 4.16 6.249 671 79.96
6.500 - 6.999 214 84,982,248 13.88 6.774 673 80.84
7.000 - 7.499 310 113,706,195 18.57 7.223 662 81.05
7.500 - 7.999 352 120,264,983 19.64 7.734 654 82.21
8.000 - 8.499 246 82,888,018 13.54 8.192 632 82.68
8.500 - 8.999 192 57,897,359 9.46 8.717 624 85.42
9.000 - 9.499 121 29,779,606 4.86 9.187 609 87.68
9.500 - 9.999 139 23,843,508 3.89 9.705 596 89.63
10.000 - 10.499 76 13,161,894 2.15 10.183 609 92.73
10.500 - 10.999 67 7,407,110 1.21 10.750 641 96.34
11.000 - 11.499 182 14,482,743 2.37 11.093 645 97.74
11.500 - 11.999 102 7,584,134 1.24 11.698 643 95.02
12.000 - 12.499 171 12,387,652 2.02 12.063 629 99.21
12.500 - 12.999 34 2,088,056 0.34 12.752 610 99.16
13.000 - 13.499 124 8,916,815 1.46 13.004 622 99.66
13.500 - 13.999 2 83,780 0.01 13.707 685 95.53
14.000 - 14.499 2 82,275 0.01 14.095 629 100.00
14.500 - 14.999 1 72,166 0.01 14.875 609 100.00
15.000 - 15.499 1 31,359 0.01 15.000 584 100.00
18.000 - 18.499 1 27,788 0.00 18.250 759 100.00
19.000 - 19.499 1 45,576 0.01 19.000 733 100.00
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,418 612,334,844 100.00 8.127 647 84.10
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet may be based
on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
60
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 2 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 10 1,178,037 0.19 9.174 590 40.53
50.01 - 55.00 7 1,819,376 0.30 7.153 646 51.91
55.01 - 60.00 10 2,796,154 0.46 7.446 626 58.64
60.01 - 65.00 19 6,572,400 1.07 7.596 630 63.56
65.01 - 70.00 22 7,683,546 1.25 7.762 610 68.83
70.01 - 75.00 56 18,527,746 3.03 7.785 627 73.96
75.01 - 80.00 1,073 351,015,639 57.32 7.517 658 79.89
80.01 - 85.00 103 32,995,373 5.39 8.056 617 84.20
85.01 - 90.00 197 64,170,360 10.48 8.317 628 89.61
90.01 - 95.00 150 45,271,731 7.39 8.655 637 94.62
95.01 - 100.00 771 80,304,483 13.11 10.557 641 99.86
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,418 612,334,844 100.00 8.127 647 84.10
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet may be based
on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
61
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 2 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 (%)
- ------------------------------------------------------------------------------------------------------------------------------------
500 - 524 41 11,958,966 1.95 9.151 512 76.56
525 - 549 44 6,735,985 1.10 9.178 539 76.62
550 - 574 64 18,004,720 2.94 8.779 561 81.71
575 - 599 206 39,352,628 6.43 9.071 588 87.75
600 - 624 459 109,489,550 17.88 8.387 614 86.25
625 - 649 727 160,477,838 26.21 8.357 636 84.64
650 - 674 421 117,497,041 19.19 7.874 661 83.99
675 - 699 229 69,418,509 11.34 7.564 687 82.37
700 - 724 101 35,282,859 5.76 7.258 711 83.71
725 - 749 66 21,745,961 3.55 7.455 737 81.84
750 - 774 40 14,558,245 2.38 7.220 761 80.20
775 - 799 17 6,785,541 1.11 7.287 785 79.02
800 - 824 3 1,027,000 0.17 7.258 810 90.42
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,418 612,334,844 100.00 8.127 647 84.10
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet may be based
on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
62
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 2 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 1,114 369,999,777 60.42 7.849 654 83.57
Florida 237 49,459,215 8.08 8.678 637 83.64
Arizona 157 29,412,823 4.80 8.170 644 82.81
New York 87 25,220,263 4.12 8.332 635 86.35
Washington 84 19,344,877 3.16 8.107 641 83.00
Nevada 81 16,589,254 2.71 8.464 643 85.53
Texas 137 13,651,812 2.23 8.878 613 84.66
Illinois 60 12,830,068 2.10 8.702 641 85.84
Oregon 67 11,272,311 1.84 8.313 655 85.62
New Jersey 29 7,949,881 1.30 8.421 625 83.22
Connecticut 27 5,670,417 0.93 8.265 621 83.94
Georgia 35 4,394,998 0.72 9.034 606 86.48
Michigan 32 3,783,438 0.62 9.556 605 89.66
Maryland 10 3,682,557 0.60 7.502 672 83.81
Colorado 24 3,643,973 0.60 8.672 635 87.69
Utah 18 3,497,324 0.57 8.044 648 87.22
North Carolina 19 3,358,204 0.55 8.844 614 86.85
Massachusetts 12 2,968,470 0.48 9.278 650 87.73
Virginia 9 2,608,003 0.43 8.948 592 84.50
Minnesota 15 2,525,581 0.41 9.246 651 87.93
Hawaii 6 2,252,368 0.37 8.520 659 82.40
Tennessee 19 2,211,027 0.36 8.764 632 89.34
Louisiana 22 1,879,991 0.31 9.967 606 89.67
South Carolina 12 1,765,345 0.29 8.570 616 85.13
Pennsylvania 14 1,689,633 0.28 9.133 608 86.16
Alabama 9 1,599,758 0.26 9.554 608 93.72
Ohio 19 1,568,076 0.26 9.407 600 88.24
New Mexico 9 1,518,073 0.25 8.986 662 88.10
Missouri 15 1,473,752 0.24 9.608 616 85.59
Idaho 4 1,217,818 0.20 7.354 660 95.69
- ------------------------------------------------------------------------------------------------------------------------------------
* 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 term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 2 COLLATERAL
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Geographic Distribution (Continued)
- ------------------------------------------------------------------------------------------------------------------------------------
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 (%)
- ------------------------------------------------------------------------------------------------------------------------------------
Mississippi 7 717,920 0.12 9.475 569 85.47
Indiana 7 696,158 0.11 10.522 614 90.11
New Hampshire 2 592,166 0.10 9.281 615 83.46
Arkansas 5 284,411 0.05 10.093 605 83.91
West Virginia 2 260,615 0.04 10.851 578 80.54
Wisconsin 3 248,689 0.04 9.165 603 89.45
Kansas 2 132,674 0.02 8.850 596 81.55
South Dakota 2 110,493 0.02 10.161 622 84.01
Delaware 1 110,477 0.02 11.375 565 85.00
Oklahoma 1 53,524 0.01 10.875 538 85.00
Maine 1 42,795 0.01 12.990 646 96.96
Iowa 1 23,021 0.00 10.900 644 100.00
Montana 1 22,813 0.00 12.500 616 100.00
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,418 612,334,844 100.00 8.127 647 84.10
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 2 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 2,349 595,427,853 97.24 8.106 646 84.11
Investment 45 9,983,608 1.63 8.806 679 82.55
Second Home 24 6,923,383 1.13 8.877 657 85.26
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,418 612,334,844 100.00 8.127 647 84.10
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Documentation Type
- ------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Program Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
Stated Documentation 1,370 370,370,035 60.48 8.193 656 83.42
Full Documentation 926 221,309,862 36.14 7.934 629 84.95
No Documentation 90 12,888,344 2.10 9.488 664 87.99
Limited Documentation 32 7,766,603 1.27 8.193 648 86.09
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,418 612,334,844 100.00 8.127 647 84.10
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Loan Purpose
- ------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Purpose Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
Purchase 1,942 436,316,165 71.25 8.183 653 84.46
Refinance - Cashout 440 163,177,479 26.65 8.014 629 83.34
Refinance - Rate Term 36 12,841,200 2.10 7.628 663 81.49
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,418 612,334,844 100.00 8.127 647 84.10
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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 1,723 447,909,019 73.15 8.087 647 83.89
PUD 422 97,100,939 15.86 8.305 641 84.69
2-4 Family 107 33,636,502 5.49 7.899 661 83.96
Condo 165 33,464,453 5.47 8.366 650 85.35
Townhouse 1 223,932 0.04 7.775 628 80.00
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,418 612,334,844 100.00 8.127 647 84.10
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 2 COLLATERAL
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Next Rate Adjustment Date*
- ------------------------------------------------------------------------------------------------------------------------------------
% 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 (%)
- ------------------------------------------------------------------------------------------------------------------------------------
June 2007 1 207,134 0.04 6.310 617 79.36
July 2007 3 467,654 0.09 9.247 627 73.50
December 2007 1 514,801 0.10 8.725 566 83.74
February 2008 1 178,408 0.03 7.325 640 80.00
March 2008 2 1,162,877 0.22 10.232 618 97.30
May 2008 1 400,000 0.08 7.905 669 80.00
June 2008 3 330,155 0.06 10.206 582 88.85
July 2008 2 1,186,106 0.23 9.192 615 74.68
August 2008 6 1,593,455 0.30 8.967 608 85.97
September 2008 10 1,634,718 0.31 10.093 605 92.22
October 2008 23 7,489,357 1.42 8.300 620 83.37
November 2008 47 11,385,675 2.16 8.505 626 84.10
December 2008 186 53,301,945 10.12 8.239 632 84.37
January 2009 477 161,323,503 30.63 7.808 645 82.49
February 2009 446 159,332,730 30.25 7.727 649 82.48
March 2009 224 78,411,601 14.89 7.781 653 83.88
April 2009 3 569,500 0.11 8.091 626 85.05
July 2009 1 458,981 0.09 9.750 699 95.00
August 2009 1 219,011 0.04 8.400 633 80.00
October 2009 2 1,017,772 0.19 7.282 646 81.48
November 2009 5 719,461 0.14 9.837 603 86.41
December 2009 3 1,206,669 0.23 8.210 608 85.10
January 2010 32 12,584,174 2.39 7.135 661 79.51
February 2010 37 13,808,183 2.62 7.311 667 82.98
March 2010 17 6,375,030 1.21 7.689 658 86.58
October 2011 2 434,453 0.08 7.798 645 80.00
November 2011 1 154,650 0.03 9.375 612 90.00
December 2011 2 335,086 0.06 8.282 783 77.21
January 2012 13 4,376,609 0.83 7.250 649 80.36
February 2012 9 3,493,875 0.66 7.159 673 86.21
March 2012 6 2,063,300 0.39 6.594 682 83.85
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 1,567 526,736,875 100.00 7.829 646 83.00
- ------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 2 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 ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
2.000 - 2.499 2 335,086 0.06 8.282 783 77.21
4.500 - 4.999 5 2,143,287 0.41 8.175 630 87.51
5.000 - 5.499 119 43,904,686 8.34 7.242 672 82.03
5.500 - 5.999 410 146,608,390 27.83 7.525 649 82.31
6.000 - 6.499 745 236,853,166 44.97 7.861 646 82.77
6.500 - 6.999 217 76,105,323 14.45 8.374 631 85.85
7.000 - 7.499 46 14,180,579 2.69 8.535 643 79.42
7.500 - 7.999 18 5,856,143 1.11 9.367 625 86.75
8.000 - 8.499 3 569,592 0.11 9.145 648 86.93
8.500 - 8.999 1 127,133 0.02 10.750 636 95.00
9.000 - 9.499 1 53,489 0.01 11.275 540 80.00
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 1,567 526,736,875 100.00 7.829 646 83.00
- ------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
- -----------------------------------------------------------------------------------------------------------------------------------
Maximum Mortgage Rate*
- -----------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Maximum Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Mortgage Rate (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
11.500 - 11.999 6 2,782,672 0.53 5.896 670 74.97
12.000 - 12.499 55 21,787,902 4.14 6.250 673 80.23
12.500 - 12.999 209 83,925,870 15.93 6.789 672 80.96
13.000 - 13.499 277 102,286,948 19.42 7.230 663 81.17
13.500 - 13.999 333 115,614,895 21.95 7.740 652 82.08
14.000 - 14.499 204 71,651,788 13.60 8.167 637 82.73
14.500 - 14.999 175 55,943,168 10.62 8.645 622 86.25
15.000 - 15.499 92 25,015,919 4.75 9.008 608 86.85
15.500 - 15.999 98 24,423,458 4.64 9.525 604 87.92
16.000 - 16.499 52 12,004,255 2.28 9.956 602 91.86
16.500 - 16.999 34 6,767,024 1.28 10.223 594 90.84
17.000 - 17.499 16 2,270,899 0.43 10.897 585 87.12
17.500 - 17.999 11 1,252,498 0.24 11.381 562 83.57
18.000 - 18.499 2 172,815 0.03 11.309 541 79.92
18.500 - 18.999 3 836,764 0.16 12.557 603 84.30
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 1,567 526,736,875 100.00 7.829 646 83.00
- ------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 2 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 ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 5 2,018,041 0.38 6.369 651 80.00
5.500 - 5.999 26 9,248,690 1.76 6.874 628 79.84
6.000 - 6.499 64 24,845,572 4.72 6.441 669 81.01
6.500 - 6.999 248 97,884,706 18.58 7.062 660 81.68
7.000 - 7.499 272 100,530,219 19.09 7.252 664 81.15
7.500 - 7.999 329 113,394,704 21.53 7.735 654 82.02
8.000 - 8.499 198 66,457,575 12.62 8.229 637 82.68
8.500 - 8.999 166 53,083,758 10.08 8.715 624 85.94
9.000 - 9.499 82 21,138,481 4.01 9.225 615 87.85
9.500 - 9.999 88 21,385,355 4.06 9.701 593 89.16
10.000 - 10.499 41 9,591,372 1.82 10.216 604 92.51
10.500 - 10.999 24 3,777,097 0.72 10.660 609 93.95
11.000 - 11.499 14 1,658,446 0.31 11.289 575 89.11
11.500 - 11.999 9 1,186,981 0.23 11.700 584 76.02
12.500 - 12.999 1 535,877 0.10 12.990 599 100.00
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 1,567 526,736,875 100.00 7.829 646 83.00
- ------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
- ------------------------------------------------------------------------------------------------------------------------------------
Initial Periodic Rate Cap*
- ------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Initial Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Periodic Cap (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
1.000 244 63,561,682 12.07 8.523 631 84.76
1.500 22 4,868,605 0.92 8.543 594 83.52
2.000 94 23,868,767 4.53 8.406 620 83.12
3.000 1,205 434,102,735 82.41 7.687 651 82.74
5.000 2 335,086 0.06 8.282 783 77.21
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 1,567 526,736,875 100.00 7.829 646 83.00
- ------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet 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-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 2 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 ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
1.000 1,453 499,934,407 94.91 7.796 648 83.04
1.500 114 26,802,468 5.09 8.447 612 82.38
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 1,567 526,736,875 100.00 7.829 646 83.00
- ------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
- ------------------------------------------------------------------------------------------------------------------------------------
Lifetime Periodic Cap*
- ------------------------------------------------------------------------------------------------------------------------------------
% of Aggregate W.A. W.A.
Lifetime Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Periodic Cap (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- ------------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 5 1,122,737 0.21 8.305 645 81.17
5.500 - 5.999 1 100,721 0.02 9.200 609 100.00
6.000 - 6.499 1,443 497,063,679 94.37 7.794 648 83.05
6.500 - 6.999 2 940,000 0.18 7.781 708 80.00
7.000 - 7.499 116 27,509,738 5.22 8.427 614 82.32
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 1,567 526,736,875 100.00 7.829 646 83.00
- ------------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
- ------------------------------------------------------------------------------------------------------------------------------------
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 (%)
- ------------------------------------------------------------------------------------------------------------------------------------
0 513 112,187,637 18.32 8.644 643 85.20
6 1 458,692 0.07 8.875 642 90.00
12 138 47,227,982 7.71 8.306 645 83.68
18 1 472,333 0.08 9.650 602 90.00
24 1,518 390,897,194 63.84 8.044 646 84.13
30 1 239,219 0.04 7.625 741 80.00
36 244 60,513,840 9.88 7.551 662 82.18
60 2 337,947 0.06 7.235 631 73.26
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 2,418 612,334,844 100.00 8.127 647 84.10
- ------------------------------------------------------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet may be based
on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
69
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-HE4
- ------------------------------------------------------------------------------------------------------------------------------------
FOR ADDITIONAL INFORMATION PLEASE CALL:
---------------------------------------
-----------------------------------------------------------------------------------------
Deutsche Bank Securities
-----------------------------------------------------------------------------------------
Whole Loan Trading
Michael Commaroto 212-250-3114
Paul Mangione 212-250-5786
ABS Banking
Sue Valenti 212-250-3455
Ernest Calabrese 212-250-5859
Patrick Lachanski 212-250-2259
ABS Structuring
Bill Yeung 212-250-6893
Chris Sudol 212-250-0507
ABS Collateral
Reta Chandra 212-250-2729
Jhoana Pajarillo 212-250-8387
-----------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------
Standard & Poor's Rating Service
-----------------------------------------------------------------------------------------
Mark Goldenberg 212-438-1641
Mike Dougherty 212-438-6891
-----------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------
Moody's Investor s Service, Inc.
-----------------------------------------------------------------------------------------
Karen Ramallo 212-553-0370
Rachel Peng 212-553-3831
-----------------------------------------------------------------------------------------
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
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 issuing entity 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
term sheet 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 term sheet is preliminary and is subject to completion or change. The information in this
term sheet, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar
term sheet relating to these securities. THIS TERM SHEET 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 term sheet may be based
on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change.
70