Registration Statement No. 333-141008
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2 TERM SHEET
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The following material is "ABS informational and computational material" used in reliance on Rule 167 under the Securities Act of
1933, as amended. The information in this term sheet is preliminary and is subject to completion or change.
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TERM SHEET
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ACE Securities Corp.
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$555,678,000 (Approximate)
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Home Equity Loan Trust
Series 2007-ASAP2
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ACE Securities Corp.
(Depositor)
ACE Securities Corp. Home Equity Loan Trust, Series 2007-ASAP2
(Issuing Entity)
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Deutsche Bank [LOGO]
May 17, 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
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
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The analysis in this report is based on information provided by ACE Securities Corp. (the "Depositor") and is ABS informational and
computational material used in reliance on Securities Act Rule 167 (230.167). 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.
The Commission file number for the related registration statement is 333-141008. 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
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
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TERM SHEET DATED May 16, 2007
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-ASAP2
$555,678,000 (Approximate)
All dollar amounts and percentages contained herein are subject to a permitted variance of +/- 5%
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Structure Overview
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To 10% Optional Termination
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Principal
Payment Pmt. Interest Legal Expected
Approximate WAL Window Delay Accrual Final Ratings
Class Size ($) Type (yrs) (months) (days) Basis Maturity (S / M)
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Offered Certificates:
A-1 $196,819,000 Float 2.27 1 - 86 0 ACT/360 June 2037 [AAA]/Aaa
A-2A $121,892,000 Float 1.00 1 - 22 0 ACT/360 June 2037 [AAA]/Aaa
A-2B $38,458,000 Float 2.00 22 - 27 0 ACT/360 June 2037 [AAA]/Aaa
A-2C $47,807,000 Float 3.00 27 - 58 0 ACT/360 June 2037 [AAA]/Aaa
A-2D $34,705,000 Float 6.48 58 - 86 0 ACT/360 June 2037 [AAA]/Aaa
M-1 $23,141,000 Float 5.09 46 - 86 0 ACT/360 June 2037 [AA+]/Aa1
M-2 $21,676,000 Float 4.96 43 - 86 0 ACT/360 June 2037 [AA]/Aa2
M-3 $12,889,000 Float 4.90 42 - 86 0 ACT/360 June 2037 [AA-]/Aa3
M-4 $11,131,000 Float 4.86 41 - 86 0 ACT/360 June 2037 [A+]/A1
M-5 $10,545,000 Float 4.84 40 - 86 0 ACT/360 June 2037 [A]/A2
M-6 $9,666,000 Float 4.82 39 - 86 0 ACT/360 June 2037 [A-]/A3
M-7 $9,666,000 Float 4.80 39 - 86 0 ACT/360 June 2037 [BBB+]/Baa1
M-8 $9,081,000 Float 4.79 38 - 86 0 ACT/360 June 2037 [BBB]/Baa2
M-9 $8,202,000 Float 4.78 38 - 86 0 ACT/360 June 2037 [BBB-]/Baa3
---------------
Total Offered: $555,678,000
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Pricing Speed
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Fixed-Rate Mortgage Loans 100% PPC (4% CPR growing to 23% CPR over 12 months 23% CPR thereafter)
Adjustable-Rate 100% PPC with regard to ARM loans and hybrid ARM loans with initial rest periods less than
Mortgage Loans or equal to 2 years, 5% CPR in month 1, an additional 2% CPR for each month thereafter,
building to 27% CPR in month 12 and remaining constant at 27% CPR until month 23, increasing
to and remaining constant at 60% CPR from month 24 until month 27 and decreasing and
remaining constant at 30% CPR from month 28 and thereafter; provided, however, the
prepayment rate will not exceed 85% CPR per annum in any period for any percentage of PPC;
and 100% PPC with regard to ARM loans and hybrid ARM loans with initial rest periods greater
than 2 years, 5% CPR in month 1, an additional 2% CPR for each month thereafter, building to
27% CPR in month 12 and remaining constant at 27% CPR until month 35, increasing to and
remaining constant at 60% CPR from month 36 until month 39 and decreasing and remaining
constant at 30% CPR from month 40 and thereafter; provided, however, the prepayment rate
will not exceed 85% CPR per annum in any period for any percentage of PPC.
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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
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
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Transaction Overview
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Certificates: The Class A-1 Certificates and the Class A-2A, Class A-2B, Class A-2C and Class A-2D
Certificates (collectively, the "Class A-2 Certificates"; and together with the Class A-1
Certificates, the "Senior Certificates" or "Class A Certificates"), 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"). The Class A-1 Certificates are backed by conforming
principal balance, fixed-rate and adjustable-rate first and second lien mortgage loans (the "Group I
Mortgage Loans") and the Class A-2 Certificates are backed by fixed-rate and adjustable-rate, first
and second lien mortgage loans with conforming and non-conforming principal balances (the "Group II
Mortgage Loans"). The Mezzanine Certificates are backed by the Group I Mortgage Loans and Group
II Mortgage Loans (collectively, the "Mortgage Loans"). The Senior Certificates along with the
Mezzanine Certificates are 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: As of the Cut-off Date, the Mortgage Loans will consist of approximately 3,077 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 $585,848,469 as of the Cut-off Date.
The Mortgage Loans will be separated into two groups. The Group I Mortgage Loans will represent
approximately 1,821 conforming principal balance, fixed-rate and adjustable-rate Mortgage Loans
totaling approximately $262,249,890 and the Group II Mortgage Loans will represent approximately
1,256 conforming and non-conforming principal balance, fixed and adjustable-rate Mortgage Loans
totaling approximately $323,598,579.
Class A Certificates: Class A-1, Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates
Mezzanine 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-ASAP2. The Issuing Entity is also
referred to herein as the trust.
Master Servicer and the Wells Fargo Bank, National Association
Securities Administrator:
Servicer: Ocwen Loan Servicing, LLC
Trustee: HSBC Bank USA, National Association
Custodians: Wells Fargo Bank, National Association and Deutsche Bank National Trust Company
Credit Risk Manager: Clayton Fixed Income Services Inc.
Underwriter: Deutsche Bank Securities Inc.
Swap Provider: TBD
Cap Provider: TBD
Cut-off Date: May 1, 2007
Expected Pricing: Week of May 21, 2007
Expected Closing Date: On or about May 30, 2007
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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
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
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Transaction Overview (Cont.)
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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 June 2007.
Determination Date: The Determination Date with respect to any Distribution Date is 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.
Servicer Remittance Date: With respect to any Distribution Date, on 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.
Due Period: The Due Period with respect to any Distribution Date commences on the second day of the month
immediately preceding the month in which such Distribution Date occurs and ends on the first day
of the month in which such Distribution Date occurs.
Prepayment Period: The Prepayment Period with respect to any Distribution Date shall be (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.
Interest Accrual Period: Interest will initially accrue on the Offered Certificates from the Closing Date to
(but excluding) the first Distribution Date, and thereafter, from the prior Distribution Date to
(but excluding) the current Distribution Date on an actual/360 basis. The Offered Certificates
will initially settle flat (no accrued interest).
Interest Distribution Amount: For the certificates of any class on any Distribution Date is equal to interest accrued during
the related Interest Accrual Period on the certificate principal balance of that class
immediately prior to such Distribution Date at the then applicable pass-through rate for such
class, and reduced (to not less than zero), in the case of each such class, by the allocable
share, if any, for such class of prepayment interest shortfalls to the extent not covered by
Compensating Interest paid by the Master Servicer or the Servicer and shortfalls resulting from
the application of the Servicemembers' Civil Relief Act or similar state or local laws.
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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
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
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Transaction Overview (Cont.)
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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, Servicer and Credit Risk Manager will be paid monthly fees on the outstanding
principal balance of the Mortgage Loans. These fees initially aggregate to a weighted average cost
of approximately 0.5185% for the Mortgage Loans.
Compensating Interest: The Servicer will be required to cover Prepayment Interest Shortfalls on prepayments in full on the
Mortgage Loans serviced by the Servicer up to the Servicing Fee payable to the Servicer. If the
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: The Servicer will collect monthly payments of principal and interest on the Mortgage Loans serviced
by the Servicer and will be obligated to make advances of delinquent monthly principal and interest
payments. The Servicer is required to advance delinquent payments of principal and interest on the
Mortgage Loans serviced by the Servicer only to the extent such amounts are deemed recoverable. If
the 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 Servicer
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");
3) Subordination; and
4) The Swap Agreement
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.
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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
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
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Transaction Overview (Cont.)
Required Overcollateralization Overcollateralization refers to the amount by which the aggregate principal balance of the
Amount: Mortgage Loans exceeds the aggregate certificate principal balance of the Certificates. This
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 5.15% 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 10.30% 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 June 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 49.90%.
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 24.95% 49.90%
M-1 [AA+]/Aa1 21.00% 42.00%
M-2 [AA]/Aa2 17.30% 34.60%
M-3 [AA-]/Aa3 15.10% 30.20%
M-4 [A+]/A1 13.20% 26.40%
M-5 [A]/A2 11.40% 22.80%
M-6 [A-]/A3 9.75% 19.50%
M-7 [BBB+]/Baa1 8.10% 16.20%
M-8 [BBB]/Baa2 6.55% 13.10%
M-9 [BBB-]/Baa3 5.15% 10.30%
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* Approximate
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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
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
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Transaction Overview (Cont.)
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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.
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 Servicer, 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
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
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Transaction Overview (Cont.)
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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 June 2007 and ending
immediately following the Distribution Date occurring in November 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 15 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 June 2007 and ending
immediately following the Distribution Date occurring in November 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 15 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
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
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Transaction Overview (Cont.)
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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 $487,481,704. Under the Swap Agreement, commencing on the Distribution Date occurring
in December 2007, the trust (through a supplemental interest trust) will be obligated to pay an
amount equal to the product of (i) 5.09% 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 Servicer 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
9
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
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Transaction Overview (Cont.)
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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 49.90% 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
42.00% Credit Enhancement Percentage (2x the Class M-1 Initial Credit Enhancement Percentage),
second to the Class M-2 Certificates until it reaches approximately a 34.60% Credit Enhancement
Percentage (2x the Class M-2 Initial Credit Enhancement Percentage), third to the Class M-3
Certificates until it reaches approximately a 30.20% Credit Enhancement Percentage (2x the Class
M-3 Initial Credit Enhancement Percentage), fourth to the Class M-4 Certificates until it
reaches approximately a 26.40% Credit Enhancement Percentage (2x the Class M-4 Initial Credit
Enhancement Percentage), fifth to the Class M-5 Certificates until it reaches approximately a
22.80% Credit Enhancement Percentage (2x the Class M-5 Initial Credit Enhancement Percentage),
sixth to the Class M-6 Certificates until it reaches approximately a 19.50% Credit Enhancement
Percentage (2x the Class M-6 Initial Credit Enhancement Percentage), seventh to the Class M-7
Certificates until it reaches approximately a 16.20% Credit Enhancement Percentage (2x the Class
M-7 Initial Credit Enhancement Percentage), eighth to the Class M-8 Certificates until it
reaches approximately a 13.10% Credit Enhancement Percentage (2x the Class M-8 Initial Credit
Enhancement Percentage), ninth to the Class M-9 Certificates until it reaches approximately a
10.30% 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
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
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Transaction Overview (Cont.)
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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 [32.06]% 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
------------------------------ ----------
June 2009 to May 2010 [1.80]%, plus 1/12th of [2.20]% for each month thereafter
June 2010 to May 2011 [4.00]%, plus 1/12th of [2.30]% for each month thereafter
June 2011 to May 2012 [6.30]%, plus 1/12th of [1.45]% for each month thereafter
June 2012 to May 2013 [7.75]%, plus 1/12th of [0.50]% for each month thereafter
June 2013 and thereafter [8.25]%
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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
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
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Transaction Overview (Cont.)
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Payment Priority: On each Distribution Date, the Available Distribution Amount will be distributed as follows:
1. Commencing on the Distribution Date occurring in December 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 Net Monthly Excess Cashflow, 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 Net Monthly Excess Cashflow, if any, to pay the Interest Carry Forward Amounts on the
Mezzanine Certificates, on a sequential basis.
7. From Net Monthly Excess Cashflow, if any, to pay the allocated Realized Losses on the
Mezzanine Certificates, on a sequential basis.
8. From Net Monthly Excess Cashflow, 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 December
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 December 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 in 2 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.
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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
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
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Transaction Overview (Cont.)
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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 $1 in excess thereof.
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The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this term sheet
relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has
filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by
visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling DBSI's trading desk at 212-250-7730. This term sheet
is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The
information in this term sheet is preliminary and is subject to completion or change. The information in this term sheet, if
conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar term sheet relating
to these securities. THIS TERM SHEET IS NOT AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THESE SECURITIES IN ANY STATE
WHERE SUCH OFFER, SOLICITATION OR SALE IS NOT PERMITTED. The information in this term sheet may be based on preliminary assumptions
about the pool assets and the structure. Any such assumptions are subject to change
14
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ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
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Group I Cap Schedule
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Distribution Date Group I Scheduled Cap Notional Amount ($) Strike Rate (%)
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1 6/25/2007 262,249,890 7.50
2 7/25/2007 260,004,292 7.50
3 8/25/2007 257,315,469 7.50
4 9/25/2007 254,187,562 7.50
5 10/25/2007 250,626,968 7.50
6 11/25/2007 246,642,373 7.50
Group II Cap Schedule
- ------------------------------------------------------------------------------------------------------------------------------------
Distribution Date Group II Scheduled Cap Notional Amount ($) Strike Rate (%)
- ------------------------------------------------------------------------------------------------------------------------------------
1 6/25/2007 323,598,579 7.50
2 7/25/2007 320,877,067 7.50
3 8/25/2007 317,616,893 7.50
4 9/25/2007 313,822,985 7.50
5 10/25/2007 309,502,974 7.50
6 11/25/2007 304,668,136 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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Swap Schedule
- ------------------------------------------------------------------------------------------------------------------------------------
Scheduled Swap Notional
Distribution Date Scheduled Swap Notional Amount ($) Distribution Date Amount ($)
- ------------------------------------------------------------------------------------------------------------------------------------
1 6/25/2007 - 31 12/25/2009 118,558,846
2 7/25/2007 - 32 1/25/2010 112,287,982
3 8/25/2007 - 33 2/25/2010 112,287,982
4 9/25/2007 - 34 3/25/2010 112,287,982
5 10/25/2007 - 35 4/25/2010 109,180,080
6 11/25/2007 - 36 5/25/2010 102,627,947
7 12/25/2007 487,481,704 37 6/25/2010 96,727,111
8 1/25/2008 471,385,561 38 7/25/2010 91,901,579
9 2/25/2008 454,130,281 39 8/25/2010 87,996,185
10 3/25/2008 435,858,162 40 9/25/2010 84,313,806
11 4/25/2008 417,076,105 41 10/25/2010 80,791,096
12 5/25/2008 399,014,416 42 11/25/2010 77,418,873
13 6/25/2008 381,684,006 43 12/25/2010 74,190,542
14 7/25/2008 365,055,506 44 1/25/2011 71,099,820
15 8/25/2008 349,100,343 45 2/25/2011 68,140,710
16 9/25/2008 333,791,111 46 3/25/2011 65,307,483
17 10/25/2008 319,101,563 47 4/25/2011 62,594,661
18 11/25/2008 305,006,450 48 5/25/2011 59,997,016
19 12/25/2008 291,481,592 49 6/25/2011 57,509,544
20 1/25/2009 278,495,480 50 7/25/2011 55,127,469
21 2/25/2009 265,771,510 51 8/25/2011 52,846,221
22 3/25/2009 248,279,734 52 9/25/2011 50,661,438
23 4/25/2009 218,479,422 53 10/25/2011 48,568,947
24 5/25/2009 192,633,229 54 11/25/2011 46,564,740
25 6/25/2009 170,755,257 55 12/25/2011 44,645,030
26 7/25/2009 154,409,407 56 1/25/2012 42,806,173
27 8/25/2009 146,371,613 57 2/25/2012 41,044,682
28 9/25/2009 138,971,213 58 3/25/2012 39,357,244
29 10/25/2009 131,866,739 59 4/25/2012 37,739,762
30 11/25/2009 125,067,239 60 5/25/2012 36,186,937
- ------------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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) 20.81 4.24 2.27 1.55 1.22
- ---
First Payment Date Jun-07 Jun-07 Jun-07 Jun-07 Jun-07
Last Payment Date Feb-37 Sep-20 Jul-14 Nov-12 Nov-09
A-2A Avg Life (years) 13.66 1.56 1.00 0.84 0.69
- ----
First Payment Date Jun-07 Jun-07 Jun-07 Jun-07 Jun-07
Last Payment Date Nov-27 May-10 Mar-09 Nov-08 Aug-08
A-2B Avg Life (years) 22.05 3.53 2.00 1.74 1.40
- ----
First Payment Date Nov-27 May-10 Mar-09 Nov-08 Aug-08
Last Payment Date Nov-30 Jul-11 Aug-09 Apr-09 Dec-08
A-2C Avg Life (years) 26.14 6.29 3.00 2.15 1.82
- ----
First Payment Date Nov-30 Jul-11 Aug-09 Apr-09 Dec-08
Last Payment Date Dec-35 Jul-16 Mar-12 Dec-09 May-09
A-2D Avg Life (years) 29.48 12.08 6.48 3.64 2.23
- ----
First Payment Date Dec-35 Jul-16 Mar-12 Dec-09 May-09
Last Payment Date Feb-37 Sep-20 Jul-14 Nov-12 Nov-09
M-1 Avg Life (years) 28.03 8.76 5.09 5.45 3.96
- ---
First Payment Date Jan-32 Jul-11 Mar-11 Jul-12 Nov-09
Last Payment Date Feb-37 Sep-20 Jul-14 Nov-12 Jun-11
M-2 Avg Life (years) 28.03 8.76 4.96 4.89 4.04
- ---
First Payment Date Dec-31 Jul-11 Dec-10 Sep-11 Mar-11
Last Payment Date Feb-37 Sep-20 Jul-14 Nov-12 Jun-11
M-3 Avg Life (years) 28.02 8.76 4.90 4.53 3.73
- ---
First Payment Date Dec-31 Jul-11 Nov-10 Jun-11 Nov-10
Last Payment Date Feb-37 Sep-20 Jul-14 Nov-12 Jun-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
17
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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) 28.02 8.76 4.86 4.37 3.53
- ---
First Payment Date Nov-31 Jul-11 Oct-10 Mar-11 Aug-10
Last Payment Date Feb-37 Sep-20 Jul-14 Nov-12 Jun-11
M-5 Avg Life (years) 28.02 8.76 4.84 4.25 3.39
- ---
First Payment Date Nov-31 Jul-11 Sep-10 Jan-11 Jun-10
Last Payment Date Feb-37 Sep-20 Jul-14 Nov-12 Jun-11
M-6 Avg Life (years) 28.02 8.76 4.82 4.17 3.30
- ---
First Payment Date Nov-31 Jul-11 Aug-10 Dec-10 May-10
Last Payment Date Feb-37 Sep-20 Jul-14 Nov-12 Jun-11
M-7 Avg Life (years) 28.02 8.76 4.80 4.10 3.24
- ---
First Payment Date Nov-31 Jul-11 Aug-10 Oct-10 Apr-10
Last Payment Date Feb-37 Sep-20 Jul-14 Nov-12 Jun-11
M-8 Avg Life (years) 28.02 8.76 4.79 4.04 3.19
- ---
First Payment Date Nov-31 Jul-11 Jul-10 Sep-10 Mar-10
Last Payment Date Feb-37 Sep-20 Jul-14 Nov-12 Jun-11
M-9 Avg Life (years) 28.02 8.76 4.78 4.00 3.15
- ---
First Payment Date Nov-31 Jul-11 Jul-10 Aug-10 Feb-10
Last Payment Date Feb-37 Sep-20 Jul-14 Nov-12 Jun-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
18
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
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) 20.81 4.53 2.45 1.66 1.22
- ---
First Payment Date Jun-07 Jun-07 Jun-07 Jun-07 Jun-07
Last Payment Date Mar-37 Nov-33 Apr-23 Jan-20 Nov-09
A-2A Avg Life (years) 13.66 1.56 1.00 0.84 0.69
- ----
First Payment Date Jun-07 Jun-07 Jun-07 Jun-07 Jun-07
Last Payment Date Nov-27 May-10 Mar-09 Nov-08 Aug-08
A-2B Avg Life (years) 22.05 3.53 2.00 1.74 1.40
- ----
First Payment Date Nov-27 May-10 Mar-09 Nov-08 Aug-08
Last Payment Date Nov-30 Jul-11 Aug-09 Apr-09 Dec-08
A-2C Avg Life (years) 26.14 6.29 3.00 2.15 1.82
- ----
First Payment Date Nov-30 Jul-11 Aug-09 Apr-09 Dec-08
Last Payment Date Dec-35 Jul-16 Mar-12 Dec-09 May-09
A-2D Avg Life (years) 29.50 14.12 7.87 4.67 2.23
- ----
First Payment Date Dec-35 Jul-16 Mar-12 Dec-09 May-09
Last Payment Date Mar-37 Jul-33 Aug-23 May-20 Nov-09
M-1 Avg Life (years) 28.04 9.59 5.64 6.32 6.20
- ---
First Payment Date Jan-32 Jul-11 Mar-11 Jul-12 Nov-09
Last Payment Date Mar-37 Apr-31 Oct-21 Aug-18 Dec-16
M-2 Avg Life (years) 28.04 9.57 5.50 5.31 4.55
- ---
First Payment Date Dec-31 Jul-11 Dec-10 Sep-11 Mar-11
Last Payment Date Mar-37 Jul-30 Feb-21 Jan-18 May-15
M-3 Avg Life (years) 28.04 9.55 5.42 4.94 4.04
- ---
First Payment Date Dec-31 Jul-11 Nov-10 Jun-11 Nov-10
Last Payment Date Mar-37 Sep-29 Jul-20 Aug-17 Dec-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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
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) 28.04 9.53 5.37 4.76 3.82
- ---
First Payment Date Nov-31 Jul-11 Oct-10 Mar-11 Aug-10
Last Payment Date Mar-37 Feb-29 Feb-20 Mar-17 Sep-14
M-5 Avg Life (years) 28.03 9.51 5.33 4.64 3.67
- ---
First Payment Date Nov-31 Jul-11 Sep-10 Jan-11 Jun-10
Last Payment Date Mar-37 Jul-28 Sep-19 Nov-16 Jun-14
M-6 Avg Life (years) 28.03 9.48 5.29 4.53 3.57
- ---
First Payment Date Nov-31 Jul-11 Aug-10 Dec-10 May-10
Last Payment Date Mar-37 Nov-27 Mar-19 Jul-16 Mar-14
M-7 Avg Life (years) 28.03 9.44 5.25 4.44 3.49
- ---
First Payment Date Nov-31 Jul-11 Aug-10 Oct-10 Apr-10
Last Payment Date Mar-37 Feb-27 Sep-18 Mar-16 Nov-13
M-8 Avg Life (years) 28.03 9.38 5.19 4.35 3.42
- ---
First Payment Date Nov-31 Jul-11 Jul-10 Sep-10 Mar-10
Last Payment Date Mar-37 Mar-26 Feb-18 Sep-15 Jul-13
M-9 Avg Life (years) 28.03 9.29 5.13 4.27 3.35
- ---
First Payment Date Nov-31 Jul-11 Jul-10 Aug-10 Feb-10
Last Payment Date Mar-37 Mar-25 Jul-17 Mar-15 Mar-13
- -----------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
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 6/25/2007 21.616 46 3/25/2011 17.836
2 7/25/2007 20.399 47 4/25/2011 16.783
3 8/25/2007 20.144 48 5/25/2011 17.010
4 9/25/2007 20.143 49 6/25/2011 16.604
5 10/25/2007 20.397 50 7/25/2011 16.828
6 11/25/2007 20.142 51 8/25/2011 16.429
7 12/25/2007 21.316 52 9/25/2011 16.402
8 1/25/2008 21.023 53 10/25/2011 16.671
9 2/25/2008 20.816 54 11/25/2011 16.270
10 3/25/2008 20.823 55 12/25/2011 16.507
11 4/25/2008 20.347 56 1/25/2012 16.104
12 5/25/2008 20.226 57 2/25/2012 16.027
13 6/25/2008 19.871 58 3/25/2012 16.638
14 7/25/2008 19.761 59 4/25/2012 15.917
15 8/25/2008 19.407 60 5/25/2012 16.164
16 9/25/2008 19.179 61 6/25/2012 11.254
17 10/25/2008 19.084 62 7/25/2012 11.620
18 11/25/2008 18.733 63 8/25/2012 11.237
19 12/25/2008 18.662 64 9/25/2012 11.235
20 1/25/2009 18.309 65 10/25/2012 11.609
21 2/25/2009 18.138 66 11/25/2012 11.225
22 3/25/2009 18.786 67 12/25/2012 11.590
23 4/25/2009 18.558 68 1/25/2013 11.207
24 5/25/2009 18.091 69 2/25/2013 11.199
25 6/25/2009 17.253 70 3/25/2013 12.396
26 7/25/2009 17.008 71 4/25/2013 11.196
27 8/25/2009 16.602 72 5/25/2013 11.559
28 9/25/2009 16.571 73 6/25/2013 11.177
29 10/25/2009 16.955 74 7/25/2013 11.540
30 11/25/2009 16.531 75 8/25/2013 11.160
31 12/25/2009 16.600 76 9/25/2013 11.158
32 1/25/2010 16.164 77 10/25/2013 11.529
33 2/25/2010 16.372 78 11/25/2013 11.147
34 3/25/2010 17.789 79 12/25/2013 11.509
35 4/25/2010 17.447 80 1/25/2014 11.128
36 5/25/2010 17.556 81 2/25/2014 11.118
37 6/25/2010 17.105 82 3/25/2014 12.299
38 7/25/2010 17.245 83 4/25/2014 11.099
39 8/25/2010 16.875 84 5/25/2014 11.459
40 9/25/2010 16.988 85 6/25/2014 11.079
41 10/25/2010 17.551 86 7/25/2014 11.439 *PPC: 100% (ARM); PPC: 100% (Fixed)
42 11/25/2010 17.157 ---------------------------------------------- *1 Month LIBOR: 20%
43 12/25/2010 17.364 *6 Month Libor: 20%
44 1/25/2011 16.958 *Includes Net Swap Payments
45 2/25/2011 16.867 received from the Swap Provider
- -------------------------------------- *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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
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 6/25/2007 20.891 46 3/25/2011 16.394
2 7/25/2007 19.771 47 4/25/2011 15.503
3 8/25/2007 19.536 48 5/25/2011 15.684
4 9/25/2007 19.534 49 6/25/2011 15.319
5 10/25/2007 19.768 50 7/25/2011 15.500
6 11/25/2007 19.532 51 8/25/2011 15.138
7 12/25/2007 20.685 52 9/25/2011 15.079
8 1/25/2008 20.411 53 10/25/2011 15.327
9 2/25/2008 20.203 54 11/25/2011 14.967
10 3/25/2008 20.168 55 12/25/2011 15.159
11 4/25/2008 19.733 56 1/25/2012 14.796
12 5/25/2008 19.595 57 2/25/2012 14.715
13 6/25/2008 19.259 58 3/25/2012 15.246
14 7/25/2008 19.131 59 4/25/2012 14.600
15 8/25/2008 18.796 60 5/25/2012 14.801
16 9/25/2008 18.567 61 6/25/2012 9.932
17 10/25/2008 18.452 62 7/25/2012 10.252
18 11/25/2008 18.118 63 8/25/2012 9.911
19 12/25/2008 18.019 64 9/25/2012 9.911
20 1/25/2009 17.695 65 10/25/2012 10.234
21 2/25/2009 17.564 66 11/25/2012 9.893
22 3/25/2009 17.873 67 12/25/2012 10.211
23 4/25/2009 17.638 68 1/25/2013 9.871
24 5/25/2009 17.190 69 2/25/2013 9.860
25 6/25/2009 16.372 70 3/25/2013 10.917
26 7/25/2009 16.094 71 4/25/2013 9.853
27 8/25/2009 15.725 72 5/25/2013 10.170
28 9/25/2009 15.614 73 6/25/2013 9.831
29 10/25/2009 15.930 74 7/25/2013 10.148
30 11/25/2009 15.554 75 8/25/2013 9.810
31 12/25/2009 15.586 76 9/25/2013 9.809
32 1/25/2010 15.193 77 10/25/2013 10.129
33 2/25/2010 15.393 78 11/25/2013 9.791
34 3/25/2010 16.498 79 12/25/2013 10.107
35 4/25/2010 16.307 80 1/25/2014 9.770
36 5/25/2010 16.382 81 2/25/2014 9.759
37 6/25/2010 15.961 82 3/25/2014 10.793
38 7/25/2010 16.063 83 4/25/2014 9.737
39 8/25/2010 15.736 84 5/25/2014 10.051
40 9/25/2010 15.737 85 6/25/2014 9.716
41 10/25/2010 16.238 86 7/25/2014 10.028 *PPC: 100% (ARM); PPC: 100% (Fixed)
42 11/25/2010 15.900 ---------------------------------------- *1 Month LIBOR: 20%
43 12/25/2010 16.061 *6 Month Libor: 20%
44 1/25/2011 15.698 *Includes Net Swap Payments received from
45 2/25/2011 15.600 the Swap Provider
- -------------------------------------- *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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
Class M Effective Net WAC Schedule* Class M Effective Net WAC Schedule*
- ----------------------------------------- --------------------------------------------
Effective Net Effective Net
Period Date WAC (%) Period Date WAC (%)
- ----------------------------------------- --------------------------------------------
1 6/25/2007 21.216 46 3/25/2011 17.043
2 7/25/2007 20.053 47 4/25/2011 16.079
3 8/25/2007 19.808 48 5/25/2011 16.281
4 9/25/2007 19.807 49 6/25/2011 15.898
5 10/25/2007 20.049 50 7/25/2011 16.099
6 11/25/2007 19.805 51 8/25/2011 15.711
7 12/25/2007 20.968 52 9/25/2011 15.658
8 1/25/2008 20.685 53 10/25/2011 15.913
9 2/25/2008 20.478 54 11/25/2011 15.535
10 3/25/2008 20.461 55 12/25/2011 15.746
11 4/25/2008 20.008 56 1/25/2012 15.366
12 5/25/2008 19.877 57 2/25/2012 15.286
13 6/25/2008 19.533 58 3/25/2012 15.852
14 7/25/2008 19.413 59 4/25/2012 15.173
15 8/25/2008 19.069 60 5/25/2012 15.394
16 9/25/2008 18.841 61 6/25/2012 10.507
17 10/25/2008 18.735 62 7/25/2012 10.846
18 11/25/2008 18.394 63 8/25/2012 10.487
19 12/25/2008 18.307 64 9/25/2012 10.486
20 1/25/2009 17.970 65 10/25/2012 10.831
21 2/25/2009 17.821 66 11/25/2012 10.471
22 3/25/2009 18.282 67 12/25/2012 10.809
23 4/25/2009 18.050 68 1/25/2013 10.450
24 5/25/2009 17.593 69 2/25/2013 10.441
25 6/25/2009 16.766 70 3/25/2013 11.558
26 7/25/2009 16.503 71 4/25/2013 10.435
27 8/25/2009 16.117 72 5/25/2013 10.772
28 9/25/2009 16.042 73 6/25/2013 10.414
29 10/25/2009 16.389 74 7/25/2013 10.750
30 11/25/2009 15.992 75 8/25/2013 10.394
31 12/25/2009 16.040 76 9/25/2013 10.393
32 1/25/2010 15.627 77 10/25/2013 10.734
33 2/25/2010 15.832 78 11/25/2013 10.377
34 3/25/2010 17.076 79 12/25/2013 10.712
35 4/25/2010 16.817 80 1/25/2014 10.356
36 5/25/2010 16.908 81 2/25/2014 10.346
37 6/25/2010 16.473 82 3/25/2014 11.443
38 7/25/2010 16.592 83 4/25/2014 10.325
39 8/25/2010 16.246 84 5/25/2014 10.658
40 9/25/2010 16.298 85 6/25/2014 10.304 *PPC: 100% (ARM); PPC: 100%
41 10/25/2010 16.827 86 7/25/2014 10.636 (Fixed)
42 11/25/2010 16.464 ------------------------------------------- *1 Month LIBOR: 20%
43 12/25/2010 16.646 *6 Month Libor: 20%
44 1/25/2011 16.264 *Includes Net Swap Payments
45 2/25/2011 16.170 received from the Swap Provider
- ----------------------------------------- *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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
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)
- ------------------------------------------------------------------------------------------------------------------------------------
1 292 5.3200 5.3669 292 45 388 4.9249 5.0111 387
2 222 5.3374 5.3445 220 46 420 4.9227 5.0293 418
3 205 5.3509 5.3177 202 47 387 4.9228 5.0497 390
4 205 5.2900 5.2765 208 48 397 4.9243 5.0683 400
5 222 5.2673 5.2364 227 49 386 5.0287 5.0875 383
6 205 5.2728 5.1913 209 50 396 5.0308 5.0897 393
7 243 5.1900 5.1372 243 51 384 5.0327 5.0910 382
8 241 5.1729 5.1006 242 52 384 5.0352 5.0925 383
9 241 5.1149 5.0577 242 53 394 5.0359 5.0933 395
10 244 5.0441 5.0161 246 54 382 5.0377 5.0949 383
11 241 5.0022 4.9869 243 55 393 5.0396 5.0958 393
12 242 4.9775 4.9560 245 56 381 5.0406 5.1102 382
13 240 4.9572 4.9220 243 57 380 5.0418 5.1221 382
14 243 4.9245 4.8894 247 58 406 5.0429 5.1358 407
15 240 4.8902 4.8548 245 59 383 5.0440 5.1506 387
16 239 4.8547 4.8200 246 60 394 5.0445 5.1632 398
17 243 4.8218 4.7876 251 61 369 5.1160 5.1780 376
18 239 4.7888 4.7547 248 62 386 5.1177 5.1791 392
19 243 4.7554 4.7213 254 63 368 5.1202 5.1814 375
20 240 4.7223 4.7376 251 64 368 5.1224 5.1841 375
21 246 4.6869 4.7596 257 65 385 5.1241 5.1843 393
22 292 4.6581 4.7822 299 66 367 5.1272 5.1859 375
23 366 4.6283 4.8100 365 67 384 5.1279 5.1882 391
24 374 4.5963 4.8419 376 68 366 5.1298 5.1960 374
25 362 4.8526 4.8769 358 69 366 5.1322 5.2041 373
26 367 4.8424 4.8665 365 70 418 5.1318 5.2133 424
27 358 4.8325 4.8569 358 71 365 5.1341 5.2222 374
28 359 4.8222 4.8461 359 72 382 5.1349 5.2301 390
29 374 4.8121 4.8353 370 73 364 5.1774 5.2392 369
30 365 4.8013 4.8248 363 74 381 5.1788 5.2399 385
31 374 4.7917 4.8150 373 75 363 5.1816 5.2417 367
32 365 4.7823 4.8398 365 76 362 5.1825 5.2430 367
33 367 4.7712 4.8666 367 77 379 5.1834 5.2429 384
34 411 4.7614 4.8926 407 78 361 5.1854 5.2443 367
35 401 4.7531 4.9211 400 79 378 5.1858 5.2452 383
36 411 4.7550 4.9529 411 80 360 5.1872 5.2645 365
37 402 4.9321 4.9822 395 81 359 5.1886 5.2844 365
38 395 4.9318 4.9810 389 82 411 5.1879 5.3062 416
39 384 4.9307 4.9804 379 83 358 5.1896 5.3266 367
40 387 4.9300 4.9795 384 84 375 5.1906 5.3471 384
41 400 4.9291 4.9774 397 85 357 5.3046 5.3696 356
42 390 4.9282 4.9766 388 86 374 5.3061 5.3708 373
43 400 4.9268 4.9751 397
44 389 4.9264 4.9931 387
- ------------------------------------------------------------------------------------------------------------------------------------
*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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
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 34.82 24.26
M-2 27.38 21.16
M-3 23.59 19.30
M-4 20.59 17.68
M-5 17.97 16.12
M-6 15.68 14.65
M-7 13.52 13.14
M-8 11.70 11.77
M-9 10.52 10.84
- -----------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- -----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
SUMMARY - AGGREGATE POOL*
- ----------------------------------------------------------------------------------------------------------------------------------
Number of Mortgage Loans 3,077 Index Type:
Aggregate Principal Balance $585,848,469 1 Year LIBOR: 0.08%
Conforming Principal Balance Loans $405,823,136 6 Month LIBOR: 68.74%
Average Principal Balance: $190,396 Fixed Rate: 31.19%
Range: $9,990 - $1,294,553 W.A. Initial Periodic Cap**: 2.997%
W.A. Coupon: 8.072% W.A. Subsequent Periodic Cap**: 1.004%
Range: 5.125% - 18.000% W.A. Lifetime Rate Cap**: 6.022%
W.A. Gross Margin**: 5.752% Property Type:
Range: 1.000% - 9.300% Single Family: 67.97%
W.A. Remaining Term (months): 346 PUD: 22.81%
Range (months): 115 - 360 Condo: 5.80%
W.A. Seasoning (months): 2 2-4 Family: 3.41%
Latest Maturity Date: May 1, 2037 Modular: 0.02%
State Concentration (Top 5): Occupancy Status:
California: 38.88% Primary: 96.59%
Florida: 11.82% Investment: 2.96%
Arizona: 5.24% Second Home: 0.45%
Michigan: 4.87% Documentation Status:
Ohio: 3.53% Full: 72.50%
W.A. Original Combined LTV: 82.19% Stated: 20.91%
Range: 18.49% - 100.00% Limited: 4.48%
First Liens: 93.60% None: 2.11%
Second Liens: 6.40% Non-Zero W.A. Prepayment Penalty-Term (months): 29
Non-Balloon Loans: 73.66% Loans with Prepay Penalties: 83.27%
Non-Zero W.A. FICO Score: 659 Interest Only Loans: 30.85%
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 12 2,992,516 0.51 5.990 710 65.40
Fixed - 20 Year 6 312,503 0.05 12.826 636 100.00
Fixed - 30 Year 439 122,022,572 20.83 6.549 714 70.72
Balloon - 10/30 6 300,643 0.05 11.068 656 100.00
Balloon - 15/30 569 26,890,392 4.59 11.813 615 99.32
Balloon - 20/30 131 8,842,700 1.51 11.609 622 99.90
Balloon - 30/40 77 21,344,956 3.64 7.210 675 80.13
ARM - 6 Month IO 1 189,000 0.03 6.875 634 94.50
ARM - 1 Year/6 Month 13 2,348,639 0.40 8.666 622 83.13
ARM - 1 Year/6 Month IO 4 667,690 0.11 8.180 600 93.51
ARM - 1 Year/6 Month 30/40 Balloon 2 500,379 0.09 9.725 632 94.18
ARM - 2 Year/6 Month 644 101,104,131 17.26 8.776 635 85.79
ARM - 2 Year/6 Month IO 458 137,774,183 23.52 8.018 656 82.65
ARM - 2 Year/6 Month 30/40 Balloon 221 45,199,910 7.72 8.522 630 85.40
ARM - 2 Year/6 Month 30/50 Balloon 123 33,684,793 5.75 8.042 640 84.17
ARM - 3 Year/6 Month 125 19,850,097 3.39 8.579 635 85.42
ARM - 3 Year/6 Month IO 140 35,491,072 6.06 7.722 653 83.79
ARM - 3 Year/6 Month 30/40 Balloon 32 6,452,360 1.10 8.258 644 87.04
ARM - 3 Year/6 Month 30/50 Balloon 27 6,884,915 1.18 7.682 636 89.84
ARM - 5 Year/6 Month 9 2,168,119 0.37 7.236 680 86.63
ARM - 5 Year/6 Month IO 22 6,192,187 1.06 7.996 671 80.80
ARM - 5 Year/6 Month 30/40 Balloon 9 2,014,592 0.34 7.929 635 81.74
ARM - 5 Year/6 Month 30/50 Balloon 6 2,180,190 0.37 7.098 679 84.04
ARM - 5 Year/1 Year IO 1 439,930 0.08 7.125 699 80.00
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 3,077 585,848,469 100.00 8.072 659 82.19
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 2,451 405,094,407 69.15 8.123 660 81.89
60 625 180,599,730 30.83 7.957 656 82.86
120 1 154,332 0.03 7.250 687 80.00
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 3,077 585,848,469 100.00 8.072 659 82.19
- ------------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 - 50,000.00 504 17,179,613 2.93 12.061 609 98.13
50,000.01 - 100,000.00 603 44,095,007 7.53 10.097 625 89.39
100,000.01 - 150,000.00 489 60,883,633 10.39 8.872 632 85.57
150,000.01 - 200,000.00 445 77,465,154 13.22 8.243 636 84.10
200,000.01 - 250,000.00 305 68,207,597 11.64 8.035 646 84.58
250,000.01 - 300,000.00 197 53,827,549 9.19 8.080 650 82.77
300,000.01 - 350,000.00 120 38,482,482 6.57 7.883 664 83.38
350,000.01 - 400,000.00 94 35,301,590 6.03 8.113 656 82.60
400,000.01 - 450,000.00 67 28,587,828 4.88 7.427 668 79.04
450,000.01 - 500,000.00 66 31,602,716 5.39 7.380 675 81.02
500,000.01 - 550,000.00 48 25,213,717 4.30 7.195 690 78.88
550,000.01 - 600,000.00 32 18,388,423 3.14 7.101 682 80.96
600,000.01 - 650,000.00 18 11,346,867 1.94 7.065 684 78.20
650,000.01 - 700,000.00 22 14,896,924 2.54 6.086 718 72.29
700,000.01 - 750,000.00 16 11,617,281 1.98 6.485 708 69.72
750,000.01 - 800,000.00 12 9,395,555 1.60 6.793 700 66.43
800,000.01 - 850,000.00 4 3,300,114 0.56 5.905 733 63.84
850,000.01 - 900,000.00 7 6,184,134 1.06 6.262 754 69.97
900,000.01 - 950,000.00 5 4,649,007 0.79 6.555 716 70.79
950,000.01 - 1,000,000.00 7 6,918,816 1.18 6.158 720 68.59
1,000,000.01 or greater 16 18,304,463 3.12 6.898 738 71.31
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 3,077 585,848,469 100.00 8.072 659 82.19
- ------------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 - 50,000.00 504 17,179,613 2.93 12.061 609 98.13
50,000.01 - 100,000.00 603 44,095,007 7.53 10.097 625 89.39
100,000.01 - 150,000.00 489 60,883,633 10.39 8.872 632 85.57
150,000.01 - 200,000.00 445 77,465,154 13.22 8.243 636 84.10
200,000.01 - 250,000.00 306 68,457,552 11.69 8.029 646 84.58
250,000.01 - 300,000.00 197 53,877,546 9.20 8.098 650 82.73
300,000.01 - 350,000.00 120 38,530,811 6.58 7.884 664 83.58
350,000.01 - 400,000.00 93 34,953,310 5.97 8.097 656 82.43
400,000.01 - 450,000.00 67 28,587,828 4.88 7.427 668 79.04
450,000.01 - 500,000.00 67 32,100,183 5.48 7.351 676 80.71
500,000.01 - 550,000.00 47 24,716,250 4.22 7.229 688 79.23
550,000.01 - 600,000.00 32 18,388,423 3.14 7.101 682 80.96
600,000.01 - 650,000.00 18 11,346,867 1.94 7.065 684 78.20
650,000.01 - 700,000.00 22 14,896,924 2.54 6.086 718 72.29
700,000.01 - 750,000.00 16 11,617,281 1.98 6.485 708 69.72
750,000.01 - 800,000.00 12 9,395,555 1.60 6.793 700 66.43
800,000.01 - 850,000.00 4 3,300,114 0.56 5.905 733 63.84
850,000.01 - 900,000.00 7 6,184,134 1.06 6.262 754 69.97
900,000.01 - 950,000.00 5 4,649,007 0.79 6.555 716 70.79
950,000.01 - 1,000,000.00 7 6,918,816 1.18 6.158 720 68.59
1,000,000.01 or greater 16 18,304,463 3.12 6.898 738 71.31
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 3,077 585,848,469 100.00 8.072 659 82.19
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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 6 300,643 0.05 11.068 656 100.00
121 - 180 581 29,882,908 5.10 11.230 625 95.93
181 - 240 137 9,155,203 1.56 11.651 622 99.91
301 - 360 2,353 546,509,715 93.29 7.838 661 81.13
- ------------------------------------------------------------------------------------------------------------------------------------
Total: 3,077 585,848,469 100.00 8.072 659 82.19
- ------------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 44 23,056,511 3.94 5.339 750 59.60
5.500 - 5.999 118 61,543,289 10.50 5.642 742 64.95
6.000 - 6.499 78 26,347,738 4.50 6.226 693 80.01
6.500 - 6.999 171 43,797,910 7.48 6.753 676 80.13
7.000 - 7.499 226 59,253,875 10.11 7.228 665 82.46
7.500 - 7.999 380 93,747,687 16.00 7.745 660 81.99
8.000 - 8.499 264 58,023,407 9.90 8.196 639 83.57
8.500 - 8.999 360 70,754,837 12.08 8.724 633 84.92
9.000 - 9.499 205 35,002,764 5.97 9.191 622 87.54
9.500 - 9.999 240 39,132,842 6.68 9.727 618 88.76
10.000 - 10.499 132 18,489,827 3.16 10.204 626 92.68
10.500 - 10.999 180 16,959,980 2.89 10.705 613 95.06
11.000 - 11.499 189 14,205,763 2.42 11.221 611 96.63
11.500 - 11.999 212 12,809,460 2.19 11.712 601 96.48
12.000 - 12.499 84 4,866,270 0.83 12.174 607 98.26
12.500 - 12.999 47 2,284,436 0.39 12.658 601 99.69
13.000 - 13.499 16 601,071 0.10 13.210 602 99.66
13.500 - 13.999 16 909,022 0.16 13.641 606 95.87
14.000 - 14.499 29 831,262 0.14 14.296 590 99.95
14.500 - 14.999 37 1,588,684 0.27 14.650 600 99.94
15.000 - 15.499 16 580,113 0.10 15.207 602 100.00
15.500 - 15.999 12 441,122 0.08 15.648 588 100.00
16.000 - 16.499 13 368,990 0.06 16.237 598 99.60
16.500 - 16.999 5 185,306 0.03 16.711 605 100.00
17.500 - 17.999 2 37,904 0.01 17.500 590 100.00
18.000 - 18.499 1 28,398 0.00 18.000 612 100.00
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 3,077 585,848,469 100.00 8.072 659 82.19
- -----------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 74 21,295,184 3.63 6.072 723 41.92
50.01 - 55.00 24 9,209,146 1.57 6.188 715 53.28
55.01 - 60.00 34 11,860,352 2.02 6.478 695 58.04
60.01 - 65.00 74 22,304,575 3.81 6.574 696 63.41
65.01 - 70.00 78 23,494,829 4.01 6.836 694 68.46
70.01 - 75.00 102 33,525,906 5.72 6.926 690 73.97
75.01 - 80.00 926 223,467,545 38.14 7.701 661 79.80
80.01 - 85.00 119 24,832,366 4.24 8.029 636 84.09
85.01 - 90.00 271 56,379,017 9.62 8.484 635 89.45
90.01 - 95.00 313 62,175,501 10.61 8.608 641 94.66
95.01 - 100.00 1,062 97,304,048 16.61 10.201 634 99.95
- -----------------------------------------------------------------------------------------------------------------------------------~
Total: 3,077 585,848,469 100.00 8.072 659 82.19
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 Principal Balance ($) Principal Coupon (%) FICO CLTV (%)
Loans Balance
- -----------------------------------------------------------------------------------------------------------------------------------
1 - 499 28 2,156,910 0.37 9.730 478 92.59
500 - 524 28 1,805,367 0.31 11.007 515 96.24
525 - 549 74 8,801,541 1.50 9.797 542 84.09
550 - 574 195 28,000,227 4.78 9.351 563 80.35
575 - 599 337 45,058,940 7.69 9.532 588 86.59
600 - 624 629 81,739,872 13.95 9.305 613 88.31
625 - 649 640 114,935,643 19.62 8.486 638 86.16
650 - 674 497 99,332,756 16.96 8.045 661 84.55
675 - 699 281 65,845,286 11.24 7.257 687 80.74
700 - 724 159 48,960,739 8.36 7.003 711 78.81
725 - 749 82 28,300,335 4.83 6.413 735 72.23
750 - 774 79 39,012,702 6.66 6.260 763 69.34
775 - 799 38 17,620,239 3.01 5.922 786 64.68
800 - 824 10 4,277,911 0.73 5.784 806 70.18
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 3,077 585,848,469 100.00 8.072 659 82.19
- -----------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 587 227,780,210 38.88 7.101 691 75.41
Florida 411 69,252,198 11.82 8.516 644 84.72
Arizona 203 30,682,401 5.24 8.203 643 84.95
Michigan 242 28,521,834 4.87 9.204 632 88.65
Ohio 208 20,667,059 3.53 9.159 624 88.56
Texas 140 19,581,269 3.34 8.703 655 88.09
Illinois 130 19,021,660 3.25 9.033 636 86.39
Washington 84 15,674,425 2.68 8.066 654 83.12
Nevada 60 12,433,081 2.12 7.834 660 85.56
Virginia 59 11,039,669 1.88 8.469 623 87.91
Minnesota 61 10,729,780 1.83 8.581 637 86.25
Wisconsin 93 10,563,818 1.80 8.669 637 87.53
Maryland 50 9,745,885 1.66 8.366 644 85.60
Colorado 45 7,971,366 1.36 8.653 634 86.93
Georgia 50 7,642,325 1.30 9.108 636 88.39
Pennsylvania 74 7,354,212 1.26 9.384 612 90.61
Oregon 42 7,286,889 1.24 8.434 633 87.11
New Jersey 29 6,402,323 1.09 8.845 643 81.80
Indiana 69 6,219,969 1.06 9.265 628 89.58
Missouri 45 5,470,280 0.93 9.063 639 88.42
Louisiana 38 5,215,386 0.89 9.102 635 86.90
Tennessee 44 4,635,453 0.79 8.139 654 89.82
New Mexico 30 4,293,655 0.73 8.999 631 92.06
Kentucky 36 3,777,064 0.64 9.297 613 88.24
Connecticut 15 3,459,678 0.59 7.345 665 81.37
North Carolina 28 3,313,747 0.57 9.080 620 86.25
New York 17 2,909,667 0.50 9.187 637 84.34
South Carolina 19 2,799,342 0.48 9.067 627 88.09
Massachusetts 10 2,333,322 0.40 9.227 632 82.52
Utah 12 2,295,827 0.39 8.109 630 84.68
Alabama 19 2,116,084 0.36 9.599 623 90.93
Idaho 15 1,859,623 0.32 8.489 642 84.39
Oklahoma 21 1,746,966 0.30 9.814 606 93.08
Iowa 15 1,317,681 0.22 9.554 637 95.15
- -----------------------------------------------------------------------------------------------------------------------------------
*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
32
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 (%)
- -----------------------------------------------------------------------------------------------------------------------------------
Alaska 5 1,198,420 0.20 8.800 613 79.69
Mississippi 11 1,051,566 0.18 9.636 623 90.93
Arkansas 10 994,426 0.17 8.879 637 89.52
Delaware 6 987,625 0.17 9.520 631 80.73
Hawaii 3 829,071 0.14 8.603 627 79.46
Nebraska 8 727,362 0.12 9.399 615 94.08
Wyoming 5 663,903 0.11 9.103 630 84.97
District of Columbia 3 642,407 0.11 8.347 626 76.77
South Dakota 6 547,118 0.09 8.652 647 90.31
Maine 3 414,273 0.07 9.045 608 90.57
New Hampshire 3 397,138 0.07 9.591 618 85.80
North Dakota 3 308,813 0.05 9.541 623 88.55
Montana 4 282,673 0.05 8.958 624 93.45
Kansas 2 237,260 0.04 8.774 644 100.00
Vermont 2 229,190 0.04 8.669 615 90.00
Rhode Island 1 137,374 0.02 7.800 600 50.00
West Virginia 1 85,702 0.01 10.760 586 100.00
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 3,077 585,848,469 100.00 8.072 659 82.19
- -----------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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
33
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 2,950 565,862,704 96.59 8.063 658 82.33
Investment 112 17,359,591 2.96 8.363 675 77.99
Second Home 15 2,626,175 0.45 8.053 673 80.23
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 3,077 585,848,469 100.00 8.072 659 82.19
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Documentation Type
- -----------------------------------------------------------------------------------------------------------------------------------~
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Initial Mortgage Loans Principal Balance Principal Balance Coupon (%) FICO CLTV (%)
Program ($)
- -----------------------------------------------------------------------------------------------------------------------------------~
Full Documentation 2,310 424,737,318 72.50 7.909 656 82.42
Stated Documentation 631 122,505,468 20.91 8.529 662 81.99
Limited Documentation 60 26,228,849 4.48 8.371 688 82.52
No Documentation 76 12,376,834 2.11 8.500 678 75.40
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 3,077 585,848,469 100.00 8.072 659 82.19
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Loan Purpose
- -----------------------------------------------------------------------------------------------------------------------------------~
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Purpose Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------~
Purchase 1,930 298,021,261 50.87 8.720 650 86.48
Refinance - Cashout 852 222,746,233 38.02 7.439 664 77.72
Refinance - Rate Term 295 65,080,976 11.11 7.269 678 77.80
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 3,077 585,848,469 100.00 8.072 659 82.19
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Property Type
- -----------------------------------------------------------------------------------------------------------------------------------~
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Initial Mortgage Loans Principal Balance Principal Balance Coupon (%) FICO CLTV (%)
Property Type ($)
- -----------------------------------------------------------------------------------------------------------------------------------
Single Family 2,058 398,175,217 67.97 8.035 659 81.71
PUD 737 133,620,480 22.81 8.173 656 83.36
Condo 191 33,952,880 5.80 8.319 654 84.97
2 - 4 Family 90 19,972,275 3.41 7.705 678 79.07
Modular 1 127,618 0.02 9.750 623 90.00
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 3,077 585,848,469 100.00 8.072 659 82.19
- -----------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Next Rate Adjustment Date*
- -----------------------------------------------------------------------------------------------------------------------------------~
% of Aggregate W.A. W.A.
Year & Month of Next Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Initial Mortgage Principal Balance Principal Balance Coupon (%) FICO CLTV (%)
Rate Adjustment Loans ($)
- -----------------------------------------------------------------------------------------------------------------------------------
2007-09 1 189,000 0.05 6.875 634 94.50
2007-12 2 357,224 0.09 7.700 571 81.41
2008-01 1 134,717 0.03 9.250 624 90.00
2008-02 4 847,577 0.21 8.799 569 88.92
2008-03 6 692,586 0.17 8.336 642 87.82
2008-04 6 1,484,604 0.37 9.062 649 85.82
2008-10 1 124,201 0.03 9.500 592 95.00
2008-11 14 2,897,686 0.72 8.464 599 77.77
2008-12 41 10,329,927 2.56 8.280 613 88.25
2009-01 101 24,450,495 6.06 8.223 640 84.78
2009-02 420 94,360,246 23.41 8.072 646 83.10
2009-03 524 113,269,372 28.10 8.196 649 84.37
2009-04 303 64,062,973 15.89 8.918 640 84.54
2009-05 42 8,268,117 2.05 9.012 649 86.97
2009-09 1 150,250 0.04 9.250 721 94.97
2009-11 1 170,980 0.04 7.875 491 80.00
2009-12 14 3,630,032 0.90 8.135 614 90.22
2010-01 31 7,357,403 1.83 7.975 656 82.05
2010-02 99 20,071,935 4.98 7.773 642 84.20
2010-03 115 23,776,929 5.90 7.905 652 86.60
2010-04 60 13,092,816 3.25 8.447 644 84.32
2010-05 3 428,100 0.11 11.727 570 86.98
2011-09 1 439,930 0.11 7.125 699 80.00
2011-12 1 144,721 0.04 7.000 649 46.53
2012-01 6 1,781,343 0.44 7.344 675 82.96
2012-02 19 5,737,981 1.42 7.268 663 83.77
2012-03 13 3,761,750 0.93 8.104 686 79.16
2012-04 6 1,002,094 0.25 8.946 639 92.75
2012-05 1 127,200 0.03 11.000 541 80.00
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,837 403,142,187 100.00 8.261 645 84.33
- -----------------------------------------------------------------------------------------------------------------------------------
*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
35
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 (%)
- -----------------------------------------------------------------------------------------------------------------------------------
1.000 - 1.499 1 105,981 0.03 8.875 614 92.17
2.000 - 2.499 4 1,030,288 0.26 7.884 676 82.71
2.500 - 2.999 3 860,082 0.21 7.911 642 85.86
3.000 - 3.499 2 303,205 0.08 6.323 728 75.88
3.500 - 3.999 5 1,676,884 0.42 6.686 664 76.78
4.000 - 4.499 10 2,485,734 0.62 6.806 660 76.66
4.500 - 4.999 17 4,131,532 1.02 7.607 648 81.90
5.000 - 5.499 899 211,221,807 52.39 7.896 652 78.11
5.500 - 5.999 302 63,779,969 15.82 8.558 628 86.93
6.000 - 6.499 50 10,669,668 2.65 8.380 627 87.07
6.500 - 6.999 479 95,807,667 23.77 8.846 641 96.07
7.000 - 7.499 40 5,605,079 1.39 9.165 633 87.86
7.500 - 7.999 15 3,591,371 0.89 9.304 641 89.24
8.000 - 8.499 7 1,261,926 0.31 9.456 600 88.16
8.500 - 8.999 2 486,193 0.12 9.240 672 80.00
9.000 - 9.499 1 124,800 0.03 9.300 639 80.00
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,837 403,142,187 100.00 8.261 645 84.33
- -----------------------------------------------------------------------------------------------------------------------------------
*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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Maximum Mortgage Rate*
- -----------------------------------------------------------------------------------------------------------------------------------~
% of Aggregate W.A. W.A.
Maximum Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Mortgage Rate (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 1 148,550 0.04 5.375 681 79.98
11.500 - 11.999 13 4,457,719 1.11 5.813 696 76.98
12.000 - 12.499 45 12,930,821 3.21 6.302 678 79.90
12.500 - 12.999 134 34,964,568 8.67 6.758 672 80.98
13.000 - 13.499 191 51,850,194 12.86 7.239 667 82.55
13.500 - 13.999 328 84,037,158 20.85 7.738 660 81.68
14.000 - 14.499 227 52,635,090 13.06 8.180 637 83.43
14.500 - 14.999 285 61,562,642 15.27 8.704 634 85.57
15.000 - 15.499 170 29,747,500 7.38 9.163 620 87.19
15.500 - 15.999 193 34,037,254 8.44 9.671 616 88.09
16.000 - 16.499 84 14,147,276 3.51 10.136 620 91.83
16.500 - 16.999 88 11,147,014 2.77 10.629 607 93.22
17.000 - 17.499 39 6,335,363 1.57 10.990 611 91.28
17.500 - 17.999 28 3,619,813 0.90 11.565 581 90.46
18.000 - 18.499 8 948,777 0.24 12.005 592 92.80
18.500 - 18.999 1 143,200 0.04 11.500 641 80.00
19.000 - 19.499 1 69,471 0.02 13.375 580 100.00
19.500 - 19.999 1 359,777 0.09 13.500 607 90.00
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,837 403,142,187 100.00 8.261 645 84.33
- -----------------------------------------------------------------------------------------------------------------------------------
*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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE TOTAL COLLATERAL
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Minimum Mortgage Rate*
- -----------------------------------------------------------------------------------------------------------------------------------~
% of Aggregate W.A. W.A.
Minimum Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Mortgage Rate (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------
2.000 - 2.499 1 439,930 0.11 7.125 699 80.00
2.500 - 2.999 1 154,332 0.04 7.250 687 80.00
5.000 - 5.499 5 1,318,417 0.33 8.041 661 78.25
5.500 - 5.999 16 5,226,661 1.30 6.526 687 78.67
6.000 - 6.499 44 12,776,489 3.17 6.290 678 79.90
6.500 - 6.999 138 36,020,677 8.93 6.787 672 81.13
7.000 - 7.499 192 51,716,276 12.83 7.242 667 82.56
7.500 - 7.999 334 85,178,718 21.13 7.745 660 81.73
8.000 - 8.499 223 51,723,431 12.83 8.193 636 83.55
8.500 - 8.999 284 61,254,077 15.19 8.722 634 85.40
9.000 - 9.499 168 29,726,871 7.37 9.196 621 87.45
9.500 - 9.999 191 33,084,681 8.21 9.723 614 88.32
10.000 - 10.499 82 14,330,713 3.55 10.204 619 92.01
10.500 - 10.999 87 10,599,805 2.63 10.695 604 93.67
11.000 - 11.499 36 5,136,590 1.27 11.174 605 92.39
11.500 - 11.999 27 3,536,137 0.88 11.618 584 89.75
12.000 - 12.499 7 848,910 0.21 12.080 579 91.95
13.000 - 13.499 1 69,471 0.02 13.375 580 100.00
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,837 403,142,187 100.00 8.261 645 84.33
- -----------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
- -----------------------------------------------------------------------------------------------------------------------------------
Initial Periodic Rate Cap*
- -----------------------------------------------------------------------------------------------------------------------------------~
% of Aggregate W.A. W.A.
Initial Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Periodic Cap (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------~
1.000 2 268,173 0.07 8.167 628 93.17
1.500 2 388,194 0.10 8.377 624 86.56
2.000 17 3,005,443 0.75 8.438 618 85.00
3.000 1,812 398,398,996 98.82 8.264 645 84.33
5.000 1 154,332 0.04 7.250 687 80.00
6.000 3 927,048 0.23 6.684 680 80.00
- -----------------------------------------------------------------------------------------------------------------------------------~
Total: 1,837 403,142,187 100.00 8.261 645 84.33
- -----------------------------------------------------------------------------------------------------------------------------------
*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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------
1.000 1,829 401,078,352 99.49 8.262 645 84.33
1.500 5 1,314,121 0.33 8.244 617 85.97
2.000 2 594,262 0.15 7.157 696 80.00
3.000 1 155,452 0.04 10.125 631 100.00
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,837 403,142,187 100.00 8.261 645 84.33
- -----------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
- -----------------------------------------------------------------------------------------------------------------------------------
Lifetime Periodic Cap*
- -----------------------------------------------------------------------------------------------------------------------------------~
% of Aggregate W.A. W.A.
Lifetime Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Periodic Cap (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 1 154,332 0.04 7.250 687 80.00
6.000 - 6.499 1,792 392,805,932 97.44 8.252 644 84.36
6.500 - 6.999 12 2,496,316 0.62 7.894 660 80.55
7.000 - 7.499 32 7,685,607 1.91 8.873 654 84.16
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,837 403,142,187 100.00 8.261 645 84.33
- -----------------------------------------------------------------------------------------------------------------------------------
*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 (%)
- -----------------------------------------------------------------------------------------------------------------------------------~
0 669 97,999,225 16.73 9.081 641 86.34
4 1 155,025 0.03 9.250 619 90.00
6 4 986,396 0.17 10.835 615 92.46
12 120 34,546,034 5.90 8.482 660 82.29
13 5 2,064,159 0.35 7.206 666 80.83
20 1 156,721 0.03 9.500 621 95.00
24 1,360 224,955,791 38.40 8.502 641 85.68
36 862 214,777,300 36.66 7.098 687 76.48
48 55 10,207,819 1.74 7.881 623 84.18
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 3,077 585,848,469 100.00 8.072 659 82.19
- -----------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 1 COLLATERAL
- -----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
SUMMARY - GROUP I*
- ----------------------------------------------------------------------------------------------------------------------------------
Number of Mortgage Loans: 1,821 Index Type:
Aggregate Principal Balance: $262,249,890 6 Month LIBOR: 74.19%
Conforming Principal Balance Loans: $262,249,890 Fixed Rate: 25.81%
Average Principal Balance: $144,014 W.A. Initial Periodic Cap**: 2.984%
Range: $10,988 - $482,423 W.A. Subsequent Periodic Cap**: 1.005%
W.A. Coupon: 8.419% W.A. Lifetime Rate Cap**: 6.015%
Range: 5.125% - 16.500% Property Type:
W.A. Gross Margin**: 5.821% Single Family: 70.50%
Range: 1.000% - 8.250% PUD: 20.33%
W.A. Remaining Term (months): 348 Condo: 6.16%
Range (months): 117 - 360 2-4 Family: 2.96%
W.A. Seasoning (months): 2 Modular: 0.05%
Latest Maturity Date: May 1, 2037 Occupancy Status:
State Concentration (Top 5): Primary: 94.03%
California: 18.72% Investment: 4.97%
Florida: 11.31% Second Home: 1.00%
Michigan: 7.51% Documentation Status:
Arizona: 7.40% Full: 81.24%
Illinois: 4.69% Stated: 15.68%
W.A. Original Combined LTV: 84.23% Limited: 0.70%
Range: 20.00% - 100.00% None: 2.37%
First Liens: 94.42% Non-Zero W.A. Prepayment Penalty Term (months): 28
Second Liens: 5.58% Loans with Prepay Penalties: 81.67%
Non-Balloon Loans: 68.61% Interest Only Loans: 22.84%
Non-Zero W.A. FICO Score: 642 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
40
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 1 COLLATERAL
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 5 790,225 0.30 6.667 722 62.14
Fixed - 20 Year 4 147,728 0.06 12.881 627 100.00
Fixed - 30 Year 256 41,525,907 15.83 7.524 678 77.69
Balloon - 10/30 2 95,893 0.04 10.407 680 100.00
Balloon - 15/30 318 12,077,530 4.61 11.708 611 99.17
Balloon - 20/30 50 2,123,650 0.81 11.765 617 99.79
Balloon - 30/40 49 10,920,684 4.16 7.625 665 79.25
ARM - 6 Month IO 1 189,000 0.07 6.875 634 94.50
ARM - 1 Year/6 Month 8 1,374,010 0.52 9.065 622 82.27
ARM - 1 Year/6 Month IO 4 667,690 0.25 8.180 600 93.51
ARM - 1 Year/6 Month 30/40 Balloon 1 145,533 0.06 8.750 583 80.00
ARM - 2 Year/6 Month 461 63,005,467 24.02 8.780 629 85.87
ARM - 2 Year/6 Month IO 216 44,306,655 16.89 8.090 640 83.05
ARM - 2 Year/6 Month 30/40 Balloon 153 27,437,242 10.46 8.525 624 84.13
ARM - 2 Year/6 Month 30/50 Balloon 83 18,559,535 7.08 8.283 625 85.47
ARM - 3 Year/6 Month 82 12,420,721 4.74 8.619 640 85.92
ARM - 3 Year/6 Month IO 56 11,931,093 4.55 7.839 663 83.89
ARM - 3 Year/6 Month 30/40 Balloon 23 4,899,206 1.87 8.353 656 88.64
ARM - 3 Year/6 Month 30/50 Balloon 19 3,681,414 1.40 7.825 643 88.17
ARM - 5 Year/6 Month 6 766,714 0.29 8.618 663 90.88
ARM - 5 Year/6 Month IO 13 2,811,160 1.07 7.779 661 83.33
ARM - 5 Year/6 Month 30/40 Balloon 8 1,770,737 0.68 7.937 633 81.99
ARM - 5 Year/6 Month 30/50 Balloon 3 602,096 0.23 8.231 651 81.74
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,821 262,249,890 100.00 8.419 642 84.23
- -----------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------~
0 1,531 202,344,292 77.16 8.536 641 84.48
60 290 59,905,598 22.84 8.022 645 83.38
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,821 262,249,890 100.00 8.419 642 84.23
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Principal Balance at Origination
- -----------------------------------------------------------------------------------------------------------------------------------
Number of Aggregate % of Aggregate W.A. W.A.
Principal Balance at Initial Remaining Remaining W.A. Non-Zero Original
Mortgage
Origination ($) Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00 331 10,997,822 4.19 11.739 611 98.40
50,000.01 - 100,000.00 379 28,346,446 10.81 9.705 626 87.39
100,000.01 - 150,000.00 345 42,988,428 16.39 8.710 632 85.09
150,000.01 - 200,000.00 310 53,737,598 20.49 8.276 635 84.19
200,000.01 - 250,000.00 199 44,477,513 16.96 8.010 645 84.98
250,000.01 - 300,000.00 119 32,488,926 12.39 7.861 651 81.25
300,000.01 - 350,000.00 67 21,562,436 8.22 7.756 661 81.71
350,000.01 - 400,000.00 50 18,828,255 7.18 7.650 660 78.86
400,000.01 - 450,000.00 18 7,381,255 2.81 7.010 677 75.19
450,000.01 - 500,000.00 3 1,441,209 0.55 6.752 733 88.22
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,821 262,249,890 100.00 8.419 642 84.23
- -----------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 (%)
($)
- -----------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00 331 10,997,822 4.19 11.739 611 98.40
50,000.01 - 100,000.00 379 28,346,446 10.81 9.705 626 87.39
100,000.01 - 150,000.00 345 42,988,428 16.39 8.710 632 85.09
150,000.01 - 200,000.00 310 53,737,598 20.49 8.276 635 84.19
200,000.01 - 250,000.00 200 44,727,468 17.06 8.000 646 84.98
250,000.01 - 300,000.00 119 32,538,923 12.41 7.891 650 81.18
300,000.01 - 350,000.00 66 21,262,484 8.11 7.727 661 81.78
350,000.01 - 400,000.00 50 18,828,255 7.18 7.650 660 78.86
400,000.01 - 450,000.00 18 7,381,255 2.81 7.010 677 75.19
450,000.01 - 500,000.00 3 1,441,209 0.55 6.752 733 88.22
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,821 262,249,890 100.00 8.419 642 84.23
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Remaining Term
- -----------------------------------------------------------------------------------------------------------------------------------~
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Months Remaining Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------
61 - 120 2 95,893 0.04 10.407 680 100.00
121 - 180 323 12,867,754 4.91 11.399 618 96.90
181 - 240 54 2,271,378 0.87 11.838 618 99.80
301 - 360 1,442 247,014,865 94.19 8.231 643 83.42
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,821 262,249,890 100.00 8.419 642 84.23
- -----------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 13 3,470,837 1.32 5.363 766 53.11
5.500 - 5.999 39 11,751,738 4.48 5.700 734 64.83
6.000 - 6.499 33 7,780,631 2.97 6.244 691 80.38
6.500 - 6.999 100 21,579,177 8.23 6.743 678 80.31
7.000 - 7.499 127 25,385,102 9.68 7.233 660 82.27
7.500 - 7.999 238 45,387,719 17.31 7.738 652 82.78
8.000 - 8.499 158 26,577,787 10.13 8.200 633 85.18
8.500 - 8.999 238 37,568,149 14.33 8.718 626 84.65
9.000 - 9.499 146 21,812,381 8.32 9.201 616 87.28
9.500 - 9.999 164 23,545,934 8.98 9.741 606 87.58
10.000 - 10.499 83 9,477,129 3.61 10.211 616 90.47
10.500 - 10.999 114 9,504,518 3.62 10.686 606 94.84
11.000 - 11.499 102 6,234,434 2.38 11.233 608 95.50
11.500 - 11.999 128 7,078,635 2.70 11.706 595 94.60
12.000 - 12.499 45 2,002,432 0.76 12.163 595 98.28
12.500 - 12.999 33 1,256,022 0.48 12.687 597 99.82
13.000 - 13.499 12 382,578 0.15 13.197 600 99.48
13.500 - 13.999 7 226,276 0.09 13.742 597 99.30
14.000 - 14.499 20 498,924 0.19 14.312 594 99.92
14.500 - 14.999 13 488,682 0.19 14.604 595 99.80
15.000 - 15.499 3 109,521 0.04 15.375 608 100.00
15.500 - 15.999 1 32,588 0.01 15.750 619 100.00
16.000 - 16.499 3 59,518 0.02 16.289 607 100.00
16.500 - 16.999 1 39,176 0.01 16.500 615 100.00
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,821 262,249,890 100.00 8.419 642 84.23
- -----------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 38 6,750,256 2.57 6.771 701 41.14
50.01 - 55.00 17 3,758,062 1.43 7.060 672 52.77
55.01 - 60.00 17 2,920,442 1.11 7.816 655 58.59
60.01 - 65.00 50 10,804,196 4.12 7.478 663 63.53
65.01 - 70.00 47 9,541,722 3.64 7.602 650 68.77
70.01 - 75.00 59 12,506,001 4.77 7.948 641 73.39
75.01 - 80.00 482 79,467,287 30.30 7.860 644 79.76
80.01 - 85.00 84 15,181,404 5.79 8.464 619 84.28
85.01 - 90.00 199 35,474,343 13.53 8.491 635 89.50
90.01 - 95.00 211 35,113,621 13.39 8.522 642 94.55
95.01 - 100.00 617 50,732,557 19.35 9.983 633 99.92
- -----------------------------------------------------------------------------------------------------------------------------------~
Total: 1,821 262,249,890 100.00 8.419 642 84.23
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
FICO Score at Origination
- -----------------------------------------------------------------------------------------------------------------------------------~
% of Aggregate W.A. W.A.
FICO Score Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Initial Mortgage Loans Principal Balance Principal Coupon (%) FICO CLTV (%)
At Origination ($) Balance
- -----------------------------------------------------------------------------------------------------------------------------------
1 - 499 12 728,574 0.28 9.785 471 88.07
500 - 524 16 801,412 0.31 11.030 514 95.02
525 - 549 53 6,468,735 2.47 9.603 542 82.51
550 - 574 143 20,057,755 7.65 9.391 564 80.37
575 - 599 200 25,650,066 9.78 9.388 587 85.16
600 - 624 410 46,978,110 17.91 9.349 612 88.28
625 - 649 383 55,082,947 21.00 8.460 638 87.02
650 - 674 282 44,509,771 16.97 8.037 661 85.66
675 - 699 157 27,990,753 10.67 7.339 687 81.43
700 - 724 73 12,154,777 4.63 7.465 711 83.71
725 - 749 41 9,490,821 3.62 6.540 736 72.82
750 - 774 35 8,753,564 3.34 6.592 761 73.36
775 - 799 10 2,079,080 0.79 6.305 785 70.97
800 - 824 6 1,503,527 0.57 5.751 805 58.52
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,821 262,249,890 100.00 8.419 642 84.23
- -----------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 184 49,085,550 18.72 7.140 677 72.65
Florida 196 29,655,317 11.31 8.369 635 84.12
Michigan 182 19,705,503 7.51 9.221 628 89.01
Arizona 127 19,393,799 7.40 8.046 645 84.26
Illinois 90 12,290,391 4.69 9.038 630 85.47
Ohio 120 10,290,989 3.92 9.390 627 89.30
Wisconsin 87 9,238,700 3.52 8.767 636 90.02
Minnesota 54 8,722,609 3.33 8.554 643 88.23
Texas 76 8,028,525 3.06 8.763 652 89.24
Washington 56 8,028,253 3.06 8.351 641 85.36
Nevada 37 7,587,297 2.89 7.909 646 86.93
Virginia 38 6,719,178 2.56 8.243 631 86.28
Maryland 37 6,710,568 2.56 8.162 645 86.56
Pennsylvania 55 5,804,241 2.21 9.282 612 89.59
Indiana 60 5,235,088 2.00 9.382 622 89.39
New Jersey 23 4,820,869 1.84 8.460 643 78.83
Oregon 29 4,594,549 1.75 8.246 635 87.59
Missouri 36 4,181,318 1.59 9.026 636 88.98
Georgia 30 3,835,925 1.46 9.337 622 88.82
Colorado 28 3,749,155 1.43 9.080 623 91.00
Louisiana 26 3,433,030 1.31 9.271 631 86.61
New Mexico 22 2,906,463 1.11 8.969 625 92.35
Tennessee 31 2,817,737 1.07 8.555 629 91.26
North Carolina 20 2,622,132 1.00 8.862 621 84.76
Kentucky 27 2,433,248 0.93 9.565 614 89.77
Utah 10 1,890,250 0.72 8.234 630 86.05
Idaho 12 1,748,701 0.67 8.047 645 83.40
South Carolina 12 1,718,678 0.66 9.315 628 90.09
New York 9 1,506,833 0.57 9.833 616 83.00
Oklahoma 18 1,432,257 0.55 9.709 616 92.49
Connecticut 10 1,280,542 0.49 9.180 612 86.52
Alabama 10 1,216,652 0.46 8.940 627 91.63
Alaska 5 1,198,420 0.46 8.800 613 79.69
Iowa 12 1,164,173 0.44 9.311 640 94.51
- -----------------------------------------------------------------------------------------------------------------------------------
*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
46
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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
Initial Mortgage Loans Principal Balance Principal Balance Coupon (%) FICO CLTV (%)
Location ($)
- -----------------------------------------------------------------------------------------------------------------------------------
Massachusetts 4 964,557 0.37 8.800 634 79.19
Hawaii 2 734,628 0.28 8.375 616 76.82
Nebraska 7 704,419 0.27 9.351 612 93.88
Wyoming 3 571,683 0.22 8.647 647 88.41
District of Columbia 2 552,561 0.21 7.875 613 73.00
South Dakota 6 547,118 0.21 8.652 647 90.31
Delaware 2 425,800 0.16 10.919 616 84.45
Mississippi 5 422,169 0.16 9.033 626 85.57
New Hampshire 3 397,138 0.15 9.591 618 85.80
Arkansas 4 364,102 0.14 8.777 637 87.92
North Dakota 3 308,813 0.12 9.541 623 88.55
Maine 2 279,074 0.11 8.825 613 86.00
Montana 3 241,359 0.09 8.908 624 94.04
Kansas 2 237,260 0.09 8.774 644 100.00
Vermont 2 229,190 0.09 8.669 615 90.00
Rhode Island 1 137,374 0.05 7.800 600 50.00
West Virginia 1 85,702 0.03 10.760 586 100.00
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,821 262,249,890 100.00 8.419 642 84.23
- -----------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 1,726 246,593,377 94.03 8.432 639 84.59
Investment 80 13,030,339 4.97 8.249 682 78.15
Second Home 15 2,626,175 1.00 8.053 673 80.23
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,821 262,249,890 100.00 8.419 642 84.23
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Documentation Type
- -----------------------------------------------------------------------------------------------------------------------------------~
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Initial Mortgage Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
Program Loans
- -----------------------------------------------------------------------------------------------------------------------------------~
Full Documentation 1,505 213,060,609 81.24 8.397 637 85.67
Stated Documentation 269 41,126,841 15.68 8.509 659 78.91
No Documentation 37 6,224,638 2.37 8.496 679 70.55
Limited Documentation 10 1,837,802 0.70 8.666 629 82.22
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,821 262,249,890 100.00 8.419 642 84.23
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Loan Purpose
- -----------------------------------------------------------------------------------------------------------------------------------~
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Purpose Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------~
Refinance - Cashout 621 121,612,542 46.37 8.096 642 80.92
Purchase 969 103,398,447 39.43 8.933 638 88.45
Refinance - Rate Term 231 37,238,901 14.20 8.044 652 83.33
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,821 262,249,890 100.00 8.419 642 84.23
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Property Type
- -----------------------------------------------------------------------------------------------------------------------------------~
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Initial Mortgage Loans Principal Balance Principal Balance Coupon (%) FICO CLTV (%)
Property Type ($)
- -----------------------------------------------------------------------------------------------------------------------------------
Single Family 1,299 184,892,500 70.50 8.469 639 84.15
PUD 364 53,325,530 20.33 8.337 644 85.18
Condo 109 16,147,713 6.16 8.316 652 84.77
2 - 4 Family 48 7,756,530 2.96 7.987 676 78.48
Modular 1 127,618 0.05 9.750 623 90.00
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,821 262,249,890 100.00 8.419 642 84.23
- -----------------------------------------------------------------------------------------------------------------------------------
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
48
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 1 COLLATERAL
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Next Rate Adjustment Date*
- -----------------------------------------------------------------------------------------------------------------------------------~
% of Aggregate W.A. W.A.
Year & Month of Next Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Rate Adjustment Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------
2007-09 1 189,000 0.10 6.875 634 94.50
2007-12 1 73,634 0.04 10.875 608 86.82
2008-01 1 134,717 0.07 9.250 624 90.00
2008-02 3 623,885 0.32 8.414 572 92.11
2008-03 4 481,063 0.25 8.414 627 82.47
2008-04 4 873,935 0.45 8.978 633 81.76
2008-10 1 124,201 0.06 9.500 592 95.00
2008-11 11 1,604,565 0.82 8.708 575 85.69
2008-12 22 4,244,793 2.18 8.595 597 87.82
2009-01 59 11,055,061 5.68 8.243 635 86.01
2009-02 270 45,650,252 23.46 8.215 630 83.79
2009-03 331 56,216,556 28.89 8.362 637 85.03
2009-04 194 31,097,862 15.98 9.007 626 84.29
2009-05 25 3,315,609 1.70 9.444 634 85.98
2009-09 1 150,250 0.08 9.250 721 94.97
2009-11 1 170,980 0.09 7.875 491 80.00
2009-12 8 1,424,254 0.73 7.813 646 88.25
2010-01 22 4,733,315 2.43 7.937 672 81.20
2010-02 52 9,333,227 4.80 8.025 646 87.19
2010-03 63 11,506,050 5.91 8.133 651 86.74
2010-04 31 5,452,007 2.80 8.910 647 84.80
2010-05 2 162,350 0.08 11.281 604 91.26
2011-12 1 144,721 0.07 7.000 649 46.53
2012-01 4 896,089 0.46 7.760 653 82.61
2012-02 11 2,229,051 1.15 7.663 652 86.57
2012-03 7 1,551,552 0.80 7.782 669 78.30
2012-04 6 1,002,094 0.52 8.946 639 92.75
2012-05 1 127,200 0.07 11.000 541 80.00
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,137 194,568,274 100.00 8.416 635 84.88
- -----------------------------------------------------------------------------------------------------------------------------------
*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
49
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 (%)
- -----------------------------------------------------------------------------------------------------------------------------------
1.000 - 1.499 1 105,981 0.05 8.875 614 92.17
2.000 - 2.499 3 590,359 0.30 8.450 658 84.73
2.500 - 2.999 1 365,750 0.19 7.990 608 93.78
3.000 - 3.499 2 303,205 0.16 6.323 728 75.88
3.500 - 3.999 3 553,800 0.28 7.945 626 80.96
4.000 - 4.499 7 1,403,677 0.72 6.984 672 74.84
4.500 - 4.999 11 2,031,028 1.04 7.604 629 84.50
5.000 - 5.499 497 84,653,854 43.51 8.059 637 76.72
5.500 - 5.999 212 38,268,741 19.67 8.538 625 86.64
6.000 - 6.499 38 7,612,261 3.91 8.437 623 86.88
6.500 - 6.999 317 52,075,298 26.76 8.863 640 96.19
7.000 - 7.499 31 3,601,916 1.85 9.543 624 89.22
7.500 - 7.999 11 2,347,172 1.21 9.528 610 92.90
8.000 - 8.499 3 655,232 0.34 8.611 617 85.38
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,137 194,568,274 100.00 8.416 635 84.88
- -----------------------------------------------------------------------------------------------------------------------------------
*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
50
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 1 COLLATERAL
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Maximum Mortgage Rate*
- -----------------------------------------------------------------------------------------------------------------------------------~
% of Aggregate W.A. W.A.
Maximum Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Mortgage Rate (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------
11.000 - 11.499 1 148,550 0.08 5.375 681 79.98
11.500 - 11.999 5 1,312,026 0.67 5.749 718 65.64
12.000 - 12.499 20 4,200,910 2.16 6.282 677 80.07
12.500 - 12.999 74 15,640,996 8.04 6.741 672 82.38
13.000 - 13.499 105 21,251,455 10.92 7.236 660 82.62
13.500 - 13.999 199 39,424,730 20.26 7.727 651 82.40
14.000 - 14.499 129 22,071,253 11.34 8.192 629 85.20
14.500 - 14.999 184 31,322,873 16.10 8.699 627 84.88
15.000 - 15.499 123 19,322,433 9.93 9.177 615 86.99
15.500 - 15.999 127 18,975,032 9.75 9.738 602 87.44
16.000 - 16.499 57 7,545,022 3.88 10.197 611 90.73
16.500 - 16.999 66 7,280,231 3.74 10.612 602 93.29
17.000 - 17.499 21 2,755,300 1.42 11.080 600 90.00
17.500 - 17.999 18 2,491,236 1.28 11.624 576 88.09
18.000 - 18.499 7 683,027 0.35 12.008 609 96.08
18.500 - 18.999 1 143,200 0.07 11.500 641 80.00
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,137 194,568,274 100.00 8.416 635 84.88
- -----------------------------------------------------------------------------------------------------------------------------------
*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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 3 474,101 0.24 6.904 669 75.13
5.500 - 5.999 6 1,545,460 0.79 6.087 709 68.57
6.000 - 6.499 20 4,200,910 2.16 6.282 677 80.07
6.500 - 6.999 77 16,385,295 8.42 6.800 670 82.66
7.000 - 7.499 107 21,632,857 11.12 7.239 660 82.57
7.500 - 7.999 199 38,732,919 19.91 7.738 651 82.41
8.000 - 8.499 127 22,081,244 11.35 8.197 627 85.32
8.500 - 8.999 183 31,129,285 16.00 8.713 627 84.76
9.000 - 9.499 121 18,920,624 9.72 9.212 614 87.42
9.500 - 9.999 129 19,410,636 9.98 9.741 603 87.26
10.000 - 10.499 56 7,672,132 3.94 10.208 612 90.77
10.500 - 10.999 64 6,746,031 3.47 10.677 598 93.48
11.000 - 11.499 20 2,419,182 1.24 11.205 599 91.09
11.500 - 11.999 19 2,634,436 1.35 11.618 580 87.65
12.000 - 12.499 6 583,160 0.30 12.116 593 95.40
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,137 194,568,274 100.00 8.416 635 84.88
- -----------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
- -----------------------------------------------------------------------------------------------------------------------------------
Initial Periodic Rate Cap*
- -----------------------------------------------------------------------------------------------------------------------------------~
% of Aggregate W.A. W.A.
Initial Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Periodic Cap (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------~
1.000 2 268,173 0.14 8.167 628 93.17
1.500 2 388,194 0.20 8.377 624 86.56
2.000 11 1,906,984 0.98 8.742 614 85.66
3.000 1,122 192,004,923 98.68 8.413 635 84.86
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,137 194,568,274 100.00 8.416 635 84.88
- -----------------------------------------------------------------------------------------------------------------------------------
*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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------
1.000 1,131 193,098,701 99.24 8.416 635 84.86
1.500 5 1,314,121 0.68 8.244 617 85.97
3.000 1 155,452 0.08 10.125 631 100.00
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,137 194,568,274 100.00 8.416 635 84.88
- -----------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
- -----------------------------------------------------------------------------------------------------------------------------------
Lifetime Periodic Cap*
- -----------------------------------------------------------------------------------------------------------------------------------~
% of Aggregate W.A. W.A.
Lifetime Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Periodic Cap (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------
6.000 - 6.499 1,117 190,956,909 98.14 8.413 634 84.92
6.500 - 6.999 8 1,249,858 0.64 8.146 644 81.09
7.000 - 7.499 12 2,361,507 1.21 8.856 635 83.62
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,137 194,568,274 100.00 8.416 635 84.88
- -----------------------------------------------------------------------------------------------------------------------------------
*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 (%)
- -----------------------------------------------------------------------------------------------------------------------------------~
0 403 48,062,219 18.33 9.171 630 86.07
4 1 155,025 0.06 9.250 619 90.00
6 1 320,000 0.12 9.990 602 91.43
12 62 12,526,349 4.78 8.661 641 83.59
13 1 408,000 0.16 6.638 683 73.91
20 1 156,721 0.06 9.500 621 95.00
24 828 113,596,150 43.32 8.548 632 85.64
36 524 87,025,426 33.18 7.799 661 81.46
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,821 262,249,890 100.00 8.419 642 84.23
- -----------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 2 COLLATERAL
- -----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
SUMMARY - GROUP II POOL*
- ----------------------------------------------------------------------------------------------------------------------------------
Number of Mortgage Loans 1,256 Index Type:
Aggregate Principal Balance $323,598,579 1 Year LIBOR: 0.14%
Conforming Principal Balance Loans $143,573,245 6 Month LIBOR: 64.32%
Average Principal Balance: $257,642 Fixed Rate: 35.55%
Range: $9,990 - $1,294,553 W.A. Initial Periodic Cap**: 3.010%
W.A. Coupon: 7.791% W.A. Subsequent Periodic Cap**: 1.003%
Range: 5.125% - 18.000% W.A. Lifetime Rate Cap**: 6.028%
W.A. Gross Margin**: 5.689% Property Type:
Range: 2.250% - 9.300% Single Family: 65.91%
W.A. Remaining Term (months): 345 PUD: 24.81%
Range (months): 115 - 360 Condo: 5.50%
W.A. Seasoning (months): 3 2-4 Family: 3.77%
Latest Maturity Date: May 1, 2037 Occupancy Status:
State Concentration (Top 5): Primary: 98.66%
California: 55.22% Investment: 1.34%
Florida: 12.24% Second Home: 0.00%
Texas: 3.57% Documentation Status:
Arizona: 3.49% Full: 65.41%
Ohio: 3.21% Stated: 25.15%
W.A. Original Combined LTV: 80.53% Limited: 7.54%
Range: 18.49% - 100.00% None: 1.90%
First Liens: 92.93% Non-Zero W.A. Prepayment Penalty - Term (months): 29
Second Liens: 7.07% Loans with Prepay Penalties: 84.57%
Non-Balloon Loans: 77.76% Interest Only Loans: 37.35%
Non-Zero W.A. FICO Score: 673 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
54
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 2 COLLATERAL
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Collateral Type
- -----------------------------------------------------------------------------------------------------------------------------------
Number of Aggregate % of Aggregate W.A. W.A.
Initial Mortgage Remaining Remaining W.A. Non-Zero Original
Collateral Type Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------
Fixed - 15 Year 7 2,202,291 0.68 5.747 706 66.57
Fixed - 20 Year 2 164,776 0.05 12.775 644 100.00
Fixed - 30 Year 183 80,496,665 24.88 6.046 732 67.12
Balloon - 10/30 4 204,750 0.06 11.377 644 100.00
Balloon - 15/30 251 14,812,863 4.58 11.898 618 99.45
Balloon - 20/30 81 6,719,050 2.08 11.560 623 99.94
Balloon - 30/40 28 10,424,271 3.22 6.774 685 81.05
ARM - 1 Year/6 Month 5 974,629 0.30 8.105 622 84.34
ARM - 1 Year/6 Month 30/40 Balloon 1 354,846 0.11 10.125 652 100.00
ARM - 2 Year/6 Month 183 38,098,663 11.77 8.770 645 85.64
ARM - 2 Year/6 Month IO 242 93,467,528 28.88 7.985 664 82.46
ARM - 2 Year/6 Month 30/40 Balloon 68 17,762,668 5.49 8.517 638 87.36
ARM - 2 Year/6 Month 30/50 Balloon 40 15,125,258 4.67 7.747 658 82.57
ARM - 3 Year/6 Month 43 7,429,376 2.30 8.512 627 84.57
ARM - 3 Year/6 Month IO 84 23,559,980 7.28 7.662 648 83.74
ARM - 3 Year/6 Month 30/40 Balloon 9 1,553,154 0.48 7.958 606 82.00
ARM - 3 Year/6 Month 30/50 Balloon 8 3,203,500 0.99 7.518 628 91.76
ARM - 5 Year/6 Month 3 1,401,405 0.43 6.480 690 84.31
ARM - 5 Year/6 Month IO 9 3,381,027 1.04 8.176 679 78.70
ARM - 5 Year/6 Month 30/40 Balloon 1 243,855 0.08 7.875 649 80.00
ARM - 5 Year/6 Month 30/50 Balloon 3 1,578,094 0.49 6.665 690 84.92
ARM - 5 Year/1 Year IO 1 439,930 0.14 7.125 699 80.00
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,256 323,598,579 100.00 7.791 673 80.53
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 (%)
- -----------------------------------------------------------------------------------------------------------------------------------~
0 920 202,750,115 62.65 7.712 680 79.30
60 335 120,694,132 37.30 7.925 661 82.60
120 1 154,332 0.05 7.250 687 80.00
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,256 323,598,579 100.00 7.791 673 80.53
- -----------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 - 50,000.00 173 6,181,790 1.91 12.635 606 97.66
50,000.01 - 100,000.00 224 15,748,561 4.87 10.800 622 92.99
100,000.01 - 150,000.00 144 17,895,205 5.53 9.261 631 86.73
150,000.01 - 200,000.00 135 23,727,555 7.33 8.168 639 83.89
200,000.01 - 250,000.00 106 23,730,084 7.33 8.082 647 83.84
250,000.01 - 300,000.00 78 21,338,624 6.59 8.414 650 85.09
300,000.01 - 350,000.00 53 16,920,046 5.23 8.045 667 85.51
350,000.01 - 400,000.00 44 16,473,335 5.09 8.641 650 86.88
400,000.01 - 450,000.00 49 21,206,573 6.55 7.573 665 80.38
450,000.01 - 500,000.00 63 30,161,506 9.32 7.410 672 80.67
500,000.01 - 550,000.00 48 25,213,717 7.79 7.195 690 78.88
550,000.01 - 600,000.00 32 18,388,423 5.68 7.101 682 80.96
600,000.01 - 650,000.00 18 11,346,867 3.51 7.065 684 78.20
650,000.01 - 700,000.00 22 14,896,924 4.60 6.086 718 72.29
700,000.01 - 750,000.00 16 11,617,281 3.59 6.485 708 69.72
750,000.01 - 800,000.00 12 9,395,555 2.90 6.793 700 66.43
800,000.01 - 850,000.00 4 3,300,114 1.02 5.905 733 63.84
850,000.01 - 900,000.00 7 6,184,134 1.91 6.262 754 69.97
900,000.01 - 950,000.00 5 4,649,007 1.44 6.555 716 70.79
950,000.01 - 1,000,000.00 7 6,918,816 2.14 6.158 720 68.59
1,000,000.01 or greater 16 18,304,463 5.66 6.898 738 71.31
- -----------------------------------------------------------------------------------------------------------------------------------~
Total: 1,256 323,598,579 100.00 7.791 673 80.53
- -----------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 - 50,000.00 173 6,181,790 1.91 12.635 606 97.66
50,000.01 - 100,000.00 224 15,748,561 4.87 10.800 622 92.99
100,000.01 - 150,000.00 144 17,895,205 5.53 9.261 631 86.73
150,000.01 - 200,000.00 135 23,727,555 7.33 8.168 639 83.89
200,000.01 - 250,000.00 106 23,730,084 7.33 8.082 647 83.84
250,000.01 - 300,000.00 78 21,338,624 6.59 8.414 650 85.09
300,000.01 - 350,000.00 54 17,268,326 5.34 8.077 667 85.80
350,000.01 - 400,000.00 43 16,125,055 4.98 8.620 650 86.59
400,000.01 - 450,000.00 49 21,206,573 6.55 7.573 665 80.38
450,000.01 - 500,000.00 64 30,658,974 9.47 7.379 673 80.36
500,000.01 - 550,000.00 47 24,716,250 7.64 7.229 688 79.23
550,000.01 - 600,000.00 32 18,388,423 5.68 7.101 682 80.96
600,000.01 - 650,000.00 18 11,346,867 3.51 7.065 684 78.20
650,000.01 - 700,000.00 22 14,896,924 4.60 6.086 718 72.29
700,000.01 - 750,000.00 16 11,617,281 3.59 6.485 708 69.72
750,000.01 - 800,000.00 12 9,395,555 2.90 6.793 700 66.43
800,000.01 - 850,000.00 4 3,300,114 1.02 5.905 733 63.84
850,000.01 - 900,000.00 7 6,184,134 1.91 6.262 754 69.97
900,000.01 - 950,000.00 5 4,649,007 1.44 6.555 716 70.79
950,000.01 - 1,000,000.00 7 6,918,816 2.14 6.158 720 68.59
1,000,000.01 or greater 16 18,304,463 5.66 6.898 738 71.31
- -----------------------------------------------------------------------------------------------------------------------------------~
Total: 1,256 323,598,579 100.00 7.791 673 80.53
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 4 204,750 0.06 11.377 644 100.00
121 - 180 258 17,015,154 5.26 11.102 629 95.19
181 - 240 83 6,883,826 2.13 11.589 624 99.94
301 - 360 911 299,494,849 92.55 7.513 676 79.24
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,256 323,598,579 100.00 7.791 673 80.53
- -----------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 31 19,585,674 6.05 5.334 748 60.75
5.500 - 5.999 79 49,791,550 15.39 5.628 744 64.98
6.000 - 6.499 45 18,567,107 5.74 6.218 694 79.86
6.500 - 6.999 71 22,218,733 6.87 6.763 675 79.95
7.000 - 7.499 99 33,868,773 10.47 7.225 669 82.60
7.500 - 7.999 142 48,359,968 14.94 7.751 669 81.25
8.000 - 8.499 106 31,445,620 9.72 8.193 644 82.21
8.500 - 8.999 122 33,186,688 10.26 8.731 641 85.22
9.000 - 9.499 59 13,190,382 4.08 9.173 632 87.97
9.500 - 9.999 76 15,586,908 4.82 9.706 636 90.53
10.000 - 10.499 49 9,012,698 2.79 10.197 636 94.99
10.500 - 10.999 66 7,455,462 2.30 10.730 621 95.34
11.000 - 11.499 87 7,971,329 2.46 11.211 613 97.51
11.500 - 11.999 84 5,730,825 1.77 11.720 610 98.80
12.000 - 12.499 39 2,863,838 0.88 12.181 616 98.25
12.500 - 12.999 14 1,028,414 0.32 12.623 606 99.53
13.000 - 13.499 4 218,493 0.07 13.232 605 99.99
13.500 - 13.999 9 682,746 0.21 13.608 608 94.73
14.000 - 14.499 9 332,338 0.10 14.273 585 99.99
14.500 - 14.999 24 1,100,002 0.34 14.670 602 100.00
15.000 - 15.499 13 470,593 0.15 15.168 601 100.00
15.500 - 15.999 11 408,534 0.13 15.640 586 100.00
16.000 - 16.499 10 309,472 0.10 16.228 596 99.52
16.500 - 16.999 4 146,129 0.05 16.768 602 100.00
17.500 - 17.999 2 37,904 0.01 17.500 590 100.00
18.000 - 18.499 1 28,398 0.01 18.000 612 100.00
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,256 323,598,579 100.00 7.791 673 80.53
- -----------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 36 14,544,928 4.49 5.748 734 42.27
50.01 - 55.00 7 5,451,084 1.68 5.586 744 53.62
55.01 - 60.00 17 8,939,910 2.76 6.041 708 57.87
60.01 - 65.00 24 11,500,379 3.55 5.725 728 63.31
65.01 - 70.00 31 13,953,108 4.31 6.312 725 68.26
70.01 - 75.00 43 21,019,906 6.50 6.318 720 74.31
75.01 - 80.00 444 144,000,258 44.50 7.613 670 79.82
80.01 - 85.00 35 9,650,962 2.98 7.344 664 83.79
85.01 - 90.00 72 20,904,674 6.46 8.472 636 89.37
90.01 - 95.00 102 27,061,879 8.36 8.720 640 94.80
95.01 - 100.00 445 46,571,491 14.39 10.439 635 99.99
- -----------------------------------------------------------------------------------------------------------------------------------~
Total: 1,256 323,598,579 100.00 7.791 673 80.53
- -----------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 (%)
- -----------------------------------------------------------------------------------------------------------------------------------
1 - 499 16 1,428,337 0.44 9.702 482 94.89
500 - 524 12 1,003,955 0.31 10.989 515 97.21
525 - 549 21 2,332,807 0.72 10.336 542 88.46
550 - 574 52 7,942,472 2.45 9.251 562 80.30
575 - 599 137 19,408,874 6.00 9.724 589 88.48
600 - 624 219 34,761,762 10.74 9.246 614 88.36
625 - 649 257 59,852,696 18.50 8.510 638 85.36
650 - 674 215 54,822,986 16.94 8.051 661 83.65
675 - 699 124 37,854,533 11.70 7.197 687 80.23
700 - 724 86 36,805,962 11.37 6.851 712 77.20
725 - 749 41 18,809,514 5.81 6.349 735 71.94
750 - 774 44 30,259,138 9.35 6.164 763 68.18
775 - 799 28 15,541,159 4.80 5.871 786 63.83
800 - 824 4 2,774,384 0.86 5.801 806 76.49
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,256 323,598,579 100.00 7.791 673 80.53
- -----------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 403 178,694,660 55.22 7.090 695 76.17
Florida 215 39,596,881 12.24 8.625 651 85.17
Texas 64 11,552,745 3.57 8.661 657 87.30
Arizona 76 11,288,602 3.49 8.472 640 86.14
Ohio 88 10,376,070 3.21 8.930 621 87.81
Michigan 60 8,816,331 2.72 9.165 638 87.85
Washington 28 7,646,173 2.36 7.767 668 80.76
Illinois 40 6,731,269 2.08 9.024 647 88.07
Nevada 23 4,845,784 1.50 7.716 682 83.42
Virginia 21 4,320,492 1.34 8.820 610 90.45
Colorado 17 4,222,211 1.30 8.274 644 83.31
Georgia 20 3,806,399 1.18 8.876 651 87.95
Maryland 13 3,035,318 0.94 8.818 641 83.49
Oregon 13 2,692,340 0.83 8.754 630 86.30
Connecticut 5 2,179,137 0.67 6.267 696 78.34
Minnesota 7 2,007,171 0.62 8.700 615 77.68
Tennessee 13 1,817,716 0.56 7.494 693 87.60
Louisiana 12 1,782,356 0.55 8.777 641 87.45
New Jersey 6 1,581,454 0.49 10.017 641 90.86
Pennsylvania 19 1,549,970 0.48 9.764 611 94.43
New York 8 1,402,834 0.43 8.493 661 85.77
New Mexico 8 1,387,192 0.43 9.061 645 91.45
Massachusetts 6 1,368,764 0.42 9.529 631 84.86
Kentucky 9 1,343,816 0.42 8.812 610 85.45
Wisconsin 6 1,325,117 0.41 7.988 641 70.18
Missouri 9 1,288,962 0.40 9.182 650 86.60
South Carolina 7 1,080,663 0.33 8.673 625 84.90
Indiana 9 984,881 0.30 8.643 658 90.58
Alabama 9 899,432 0.28 10.492 617 89.99
North Carolina 8 691,614 0.21 9.907 615 91.90
Arkansas 6 630,324 0.19 8.937 637 90.45
Mississippi 6 629,397 0.19 10.041 621 94.53
Delaware 4 561,825 0.17 8.460 643 77.91
Utah 2 405,577 0.13 7.526 631 78.26
- -----------------------------------------------------------------------------------------------------------------------------------
* 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
61
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 (%)
- -----------------------------------------------------------------------------------------------------------------------------------~
Oklahoma 3 314,708 0.10 10.293 560 95.75
Iowa 3 153,508 0.05 11.394 616 100.00
Maine 1 135,199 0.04 9.500 600 100.00
Idaho 3 110,922 0.03 15.460 603 100.00
Hawaii 1 94,443 0.03 10.375 712 100.00
Wyoming 2 92,221 0.03 11.930 524 63.68
District of Columbia 1 89,845 0.03 11.250 706 100.00
Montana 1 41,313 0.01 9.250 624 90.00
Nebraska 1 22,943 0.01 10.875 700 100.00
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,256 323,598,579 100.00 7.791 673 80.53
- -----------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 1,224 319,269,327 98.66 7.779 673 80.57
Investment 32 4,329,252 1.34 8.706 654 77.50
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,256 323,598,579 100.00 7.791 673 80.53
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Documentation Type
- -----------------------------------------------------------------------------------------------------------------------------------~
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Program Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------~
Full Documentation 805 211,676,709 65.41 7.418 674 79.15
Stated Documentation 362 81,378,626 25.15 8.540 663 83.55
Limited Documentation 50 24,391,047 7.54 8.348 693 82.54
No Documentation 39 6,152,196 1.90 8.505 676 80.30
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,256 323,598,579 100.00 7.791 673 80.53
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Loan Purpose
- -----------------------------------------------------------------------------------------------------------------------------------~
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Purpose Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------~
Purchase 961 194,622,814 60.14 8.607 657 85.44
Refinance - Cashout 231 101,133,691 31.25 6.649 691 73.87
Refinance - Rate Term 64 27,842,074 8.60 6.233 714 70.40
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,256 323,598,579 100.00 7.791 673 80.53
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Property Type
- -----------------------------------------------------------------------------------------------------------------------------------~
% of Aggregate W.A. W.A.
Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Initial Mortgage Loans Principal Balance Principal Balance Coupon (%) FICO CLTV (%)
Property Type ($)
- -----------------------------------------------------------------------------------------------------------------------------------
Single Family 759 213,282,717 65.91 7.659 677 79.60
PUD 373 80,294,950 24.81 8.065 664 82.15
Condo 82 17,805,167 5.50 8.322 656 85.16
2 - 4 Family 42 12,215,745 3.77 7.527 680 79.45
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,256 323,598,579 100.00 7.791 673 80.53
- -----------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 2 COLLATERAL
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Next Rate Adjustment Date*
- -----------------------------------------------------------------------------------------------------------------------------------~
% of Aggregate W.A. W.A.
Year & Month of Next Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Rate Adjustment Initial Mortgage Loans Principal Balance($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------
2007-12 1 283,590 0.14 6.875 562 80.00
2008-02 1 223,692 0.11 9.875 560 80.00
2008-03 2 211,523 0.10 8.158 677 100.00
2008-04 2 610,670 0.29 9.182 671 91.62
2008-11 3 1,293,121 0.62 8.161 627 67.94
2008-12 19 6,085,133 2.92 8.060 625 88.56
2009-01 42 13,395,435 6.42 8.207 644 83.75
2009-02 150 48,709,994 23.35 7.938 661 82.46
2009-03 193 57,052,816 27.35 8.032 660 83.73
2009-04 109 32,965,111 15.81 8.835 654 84.78
2009-05 17 4,952,508 2.37 8.722 658 87.63
2009-12 6 2,205,777 1.06 8.342 593 91.48
2010-01 9 2,624,088 1.26 8.045 629 83.58
2010-02 47 10,738,707 5.15 7.554 639 81.60
2010-03 52 12,270,879 5.88 7.691 653 86.46
2010-04 29 7,640,809 3.66 8.116 642 83.99
2010-05 1 265,750 0.13 12.000 549 84.37
2011-09 1 439,930 0.21 7.125 699 80.00
2012-01 2 885,254 0.42 6.922 698 83.31
2012-02 8 3,508,929 1.68 7.017 670 82.00
2012-03 6 2,210,198 1.06 8.331 698 79.76
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 700 208,573,913 100.00 8.116 654 83.83
- -----------------------------------------------------------------------------------------------------------------------------------
*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
64
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 1 439,930 0.21 7.125 699 80.00
2.500 - 2.999 2 494,332 0.24 7.852 666 80.00
3.500 - 3.999 2 1,123,085 0.54 6.065 683 74.72
4.000 - 4.499 3 1,082,057 0.52 6.574 645 79.03
4.500 - 4.999 6 2,100,504 1.01 7.609 666 79.38
5.000 - 5.499 402 126,567,953 60.68 7.788 662 79.04
5.500 - 5.999 90 25,511,229 12.23 8.588 632 87.37
6.000 - 6.499 12 3,057,407 1.47 8.236 637 87.53
6.500 - 6.999 162 43,732,369 20.97 8.827 643 95.93
7.000 - 7.499 9 2,003,163 0.96 8.486 648 85.43
7.500 - 7.999 4 1,244,199 0.60 8.882 699 82.34
8.000 - 8.499 4 606,694 0.29 10.369 580 91.17
8.500 - 8.999 2 486,193 0.23 9.240 672 80.00
9.000 - 9.499 1 124,800 0.06 9.300 639 80.00
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 700 208,573,913 100.00 8.116 654 83.83
- -----------------------------------------------------------------------------------------------------------------------------------
*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
65
- ------------------------------------------------------------------------------------------------------------------------------------
ACE Securities Corp. Deutsche Bank [LOGO]
Home Equity Loan Trust, Series 2007-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE GROUP 2 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 8 3,145,693 1.51 5.841 687 81.70
12.000 - 12.499 25 8,729,911 4.19 6.311 679 79.81
12.500 - 12.999 60 19,323,572 9.26 6.772 673 79.86
13.000 - 13.499 86 30,598,738 14.67 7.241 671 82.50
13.500 - 13.999 129 44,612,427 21.39 7.747 668 81.05
14.000 - 14.499 98 30,563,838 14.65 8.171 644 82.15
14.500 - 14.999 101 30,239,769 14.50 8.709 642 86.28
15.000 - 15.499 47 10,425,067 5.00 9.135 630 87.56
15.500 - 15.999 66 15,062,222 7.22 9.586 633 88.92
16.000 - 16.499 27 6,602,254 3.17 10.067 629 93.10
16.500 - 16.999 22 3,866,784 1.85 10.660 617 93.07
17.000 - 17.499 18 3,580,063 1.72 10.921 619 92.27
17.500 - 17.999 10 1,128,577 0.54 11.434 592 95.71
18.000 - 18.499 1 265,750 0.13 12.000 549 84.37
19.000 - 19.499 1 69,471 0.03 13.375 580 100.00
19.500 - 19.999 1 359,777 0.17 13.500 607 90.00
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 700 208,573,913 100.00 8.116 654 83.83
- -----------------------------------------------------------------------------------------------------------------------------------
*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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------
2.000 - 2.499 1 439,930 0.21 7.125 699 80.00
2.500 - 2.999 1 154,332 0.07 7.250 687 80.00
5.000 - 5.499 2 844,316 0.40 8.679 657 80.00
5.500 - 5.999 10 3,681,200 1.76 6.710 677 82.91
6.000 - 6.499 24 8,575,579 4.11 6.294 679 79.81
6.500 - 6.999 61 19,635,381 9.41 6.775 673 79.86
7.000 - 7.499 85 30,083,420 14.42 7.245 671 82.55
7.500 - 7.999 135 46,445,799 22.27 7.752 669 81.16
8.000 - 8.499 96 29,642,187 14.21 8.189 642 82.22
8.500 - 8.999 101 30,124,792 14.44 8.732 642 86.07
9.000 - 9.499 47 10,806,246 5.18 9.168 633 87.51
9.500 - 9.999 62 13,674,045 6.56 9.698 629 89.82
10.000 - 10.499 26 6,658,581 3.19 10.198 626 93.44
10.500 - 10.999 23 3,853,775 1.85 10.726 614 94.00
11.000 - 11.499 16 2,717,408 1.30 11.148 610 93.55
11.500 - 11.999 8 901,701 0.43 11.621 594 95.88
12.000 - 12.499 1 265,750 0.13 12.000 549 84.37
13.000 - 13.499 1 69,471 0.03 13.375 580 100.00
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 700 208,573,913 100.00 8.116 654 83.83
- -----------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
- -----------------------------------------------------------------------------------------------------------------------------------
Initial Periodic Rate Cap*
- -----------------------------------------------------------------------------------------------------------------------------------~
% of Aggregate W.A. W.A.
Initial Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Periodic Cap (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------
2.000 6 1,098,459 0.53 7.910 624 83.85
3.000 690 206,394,073 98.95 8.125 654 83.85
5.000 1 154,332 0.07 7.250 687 80.00
6.000 3 927,048 0.44 6.684 680 80.00
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 700 208,573,913 100.00 8.116 654 83.83
- -----------------------------------------------------------------------------------------------------------------------------------
*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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------
1.000 698 207,979,651 99.72 8.119 654 83.84
2.000 2 594,262 0.28 7.157 696 80.00
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 700 208,573,913 100.00 8.116 654 83.83
- -----------------------------------------------------------------------------------------------------------------------------------
*ARM Loans Only
- -----------------------------------------------------------------------------------------------------------------------------------
Lifetime Periodic Cap*
- -----------------------------------------------------------------------------------------------------------------------------------~
% of Aggregate W.A. W.A.
Lifetime Number of Aggregate Remaining Remaining W.A. Non-Zero Original
Periodic Cap (%) Initial Mortgage Loans Principal Balance ($) Principal Balance Coupon (%) FICO CLTV (%)
- -----------------------------------------------------------------------------------------------------------------------------------
5.000 - 5.499 1 154,332 0.07 7.250 687 80.00
6.000 - 6.499 675 201,849,024 96.78 8.100 654 83.84
6.500 - 6.999 4 1,246,457 0.60 7.641 675 80.00
7.000 - 7.499 20 5,324,100 2.55 8.880 663 84.41
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 700 208,573,913 100.00 8.116 654 83.83
- -----------------------------------------------------------------------------------------------------------------------------------
*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 (%)
- -----------------------------------------------------------------------------------------------------------------------------------~
0 266 49,937,006 15.43 8.994 652 86.60
6 3 666,396 0.21 11.240 621 92.95
12 58 22,019,685 6.80 8.380 671 81.55
13 4 1,656,159 0.51 7.345 661 82.53
24 532 111,359,641 34.41 8.455 651 85.71
36 338 127,751,873 39.48 6.621 705 73.09
48 55 10,207,819 3.15 7.881 623 84.18
- -----------------------------------------------------------------------------------------------------------------------------------
Total: 1,256 323,598,579 100.00 7.791 673 80.53
- -----------------------------------------------------------------------------------------------------------------------------------
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-ASAP2
- ------------------------------------------------------------------------------------------------------------------------------------
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 Investors 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
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