Carrington Mortgage Loan Trust, Series 2007-HE1 FWP Free writing prospectus

Free Writing Prospectus for

Carrington Mortgage Loan Trust, Series 2007-HE1

(filed pursuant to Rule 433; SEC file No. 333-139507)

SUBJECT TO REVISION Dated June 25, 2007

MBS New Issue Free Writing Prospectus

$361,018,000 (Approximate)

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset-Backed Pass-Through Certificates

Carrington Securities, LP

Sponsor

Carrington Mortgage Services, LLC

Servicer

Wells Fargo Bank, N.A.

Master Servicer & Securities Administrator

EMC Mortgage Corporation

Interim Servicer & Responsible Party

Stanwich Asset Acceptance Company, L.L.C.

Depositor

Carrington Mortgage Loan Trust, Series 2007-HE1

Issuing Entity

June 25, 2007

Carrington Investment Services, LLC

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

STATEMENT REGARDING THIS FREE WRITING PROSPECTUS

The information in this free writing prospectus, if conveyed prior to the time of your contractual commitment to purchase any of the Offered Certificates described herein, supersedes any information contained in any prior similar materials relating to the Offered Certificates. The information in this free writing prospectus is preliminary, and is subject to completion or change by information contained in a preliminary prospectus relating to the Offered Certificates. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. This free writing prospectus is being delivered to you solely to provide you with information about the offering of the Offered Certificates referred to in this free writing prospectus and to solicit an offer to purchase the Offered Certificates, when, as and if issued. Any such offer to purchase made by you will not be accepted and will not constitute a contractual commitment by you to purchase any of the Offered Certificates, until we have conveyed to you a preliminary prospectus relating to the Offered Certificates and we have accepted your offer to purchase Offered Certificates. This free writing prospectus is not an offer to sell or a solicitation of an offer to buy these securities in any state where such offer, solicitation or sale is not permitted.

IMPORTANT NOTICE REGARDING THE CONDITIONS

FOR THIS OFFERING OF ASSET-BACKED SECURITIES

The Offered Certificates referred to in these materials are being offered when, as and if issued. The depositor is not obligated to issue such Offered Certificates or any similar security and the underwriter’s obligation to deliver such Offered Certificates is subject to the terms and conditions of the underwriting agreement with the depositor and the availability of such Offered Certificates when, as and if issued by the issuing entity. You are advised that the terms of the Offered Certificates, and the characteristics of the mortgage loan pool backing them, may change (due, among other things, to the possibility that mortgage loans that comprise the pool may become delinquent or defaulted or may be removed or replaced and that similar or different mortgage loans may be added to the pool, and that one or more classes of Offered Certificates may be split, combined or eliminated). You are advised that Offered Certificates may not be issued that have the characteristics described in these materials. The underwriter’s obligation to sell such Offered Certificates to you is conditioned on the mortgage loans and Offered Certificates having the characteristics described in these materials. If for any reason the issuing entity does not deliver such Offered Certificates, the underwriter will notify you, and neither the issuer nor any underwriter will have any obligation to you to deliver all or any portion of the Offered Certificates which you have committed to purchase, and none of the issuing entity nor any underwriter will be liable for any costs or damages whatsoever arising from or related to such non-delivery.

THE DEPOSITOR HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS) WITH THE SECURITIES AND EXCHANGE COMMISSION (THE SEC) FOR THE OFFERING TO WHICH THIS COMMUNICATION RELATES. BEFORE YOU INVEST, YOU SHOULD READ THE PROSPECTUS IN THAT REGISTRATION STATEMENT AND OTHER DOCUMENTS THE DEPOSITOR HAS FILED WITH THE SEC FOR MORE COMPLETE INFORMATION ABOUT THE DEPOSITOR AND THE OFFERING. YOU MAY GET THESE DOCUMENTS AT NO CHARGE BY VISITING EDGAR ON THE SEC WEB SITE AT WWW.SEC.GOV. ALTERNATIVELY, THE DEPOSITOR, ANY UNDERWRITER OR ANY DEALER PARTICIPATING IN THE OFFERING WILL ARRANGE TO SEND YOU THE PROSPECTUS AT NO CHARGE IF YOU REQUEST IT BY CALLING TOLL-FREE 1-800-337-1385.

The Depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Depositor has filed with the SEC for more complete information about the Depositor and the offering.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

$361,018,000 (Approximate)

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset-Backed Pass-Through Certificates

Carrington Securities, LP

Sponsor

Carrington Mortgage Services, LLC

Servicer

Wells Fargo Bank, N.A.

Master Servicer & Securities Administrator

EMC Mortgage Corporation

Interim Servicer & Responsible Party

Stanwich Asset Acceptance Company, L.L.C.

Depositor

Carrington Mortgage Loan Trust, Series 2007-HE1

Issuing Entity

Transaction Highlights

Offered Classes	Balance⁽³⁾	Description⁽⁴⁾	Benchmark	Expected Ratings (Moody’s/S&P/Fitch/DBRS)	Avg Life⁽²⁾ Call⁽¹⁾ / Mat	Principal Distribution Window⁽²⁾ Call⁽¹⁾ / Mat	Initial Credit Support (%) (Approximate)
A-1	$147,321,000	FLT/SEN	1M LIBOR	Aaa / AAA / AAA / AAA	1.00 / 1.00	1 - 22 / 1 - 22	28.50
A-2	$64,598,000	FLT/SEN	1M LIBOR	Aaa / AAA / AAA / AAA	2.00 / 2.00	22 - 28 / 22 - 28	28.50
A-3	$45,872,000	FLT/SEN	1M LIBOR	Aaa / AAA / AAA / AAA	3.00 / 3.00	28 - 74 / 28 - 74	28.50
A-4	$18,429,000	FLT/SEN	1M LIBOR	Aaa / AAA / AAA / AAA	6.43 / 8.88	74 - 78 / 74 - 186	28.50
M-1	$27,236,000	FLT/MEZZ	1M LIBOR	Aa1 / AA+ / AA+ / AA (high)	5.15 / 5.67	50 - 78 / 50 - 165	21.45
M-2	$16,998,000	FLT/MEZZ	1M LIBOR	Aa2 / AA / AA / AA	4.71 / 5.22	45 - 78 / 45 - 154	17.05
M-3	$7,920,000	FLT/MEZZ	1M LIBOR	Aa3 / AA- / AA- / AA (low)	4.59 / 5.08	43 - 78 / 43 - 146	15.00
M-4	$7,340,000	FLT/MEZZ	1M LIBOR	A1 / A+ / A+ / A (high)	4.54 / 5.01	42 - 78 / 42 - 141	13.10
M-5	$6,954,000	FLT/MEZZ	1M LIBOR	A2 / A / A / A	4.50 / 4.95	41 - 78 / 41 - 136	11.30
M-6	$6,567,000	FLT/MEZZ	1M LIBOR	A3 / A- / A- / A (low)	4.46 / 4.90	40 - 78 / 40 - 131	9.60
M-7	$6,181,000	FLT/MEZZ	1M LIBOR	Baa1 / BBB+ / BBB+ / BBB (high)	4.44 / 4.85	39 - 78 / 39 - 125	8.00
M-8	$5,602,000	FLT/MEZZ	1M LIBOR	Baa2 / BBB / BBB / BBB (high)	4.42 / 4.79	39 - 78 / 39 - 118	6.55
M-9⁽⁵⁾	$5,022,000	FLT/MEZZ	1M LIBOR	Baa3 / BBB- / BBB / BBB	4.40 / 4.72	38 - 78 / 38 - 111	5.25

1.	Certificates are priced to the 10% optional clean-up call.

2.	Based on the pricing prepayment assumption described herein.

3.	Certificate sizes are approximate, subject to a +/- 5% variance in the outstanding principal balance of the Mortgage Loans.

For the Interest Accrual Period for each Distribution Date after the date on which the aggregate principal balance of the Mortgage Loans remaining in the mortgage pool is reduced to less than 10% of the aggregate principal balance of the Mortgage Loans as of the Cut-off Date, the related margin will increase to 2.0 times the related original margin for each Class A Certificate and 1.5 times the related original margin for any Mezzanine Certificate.

5.	The Class M-9 Certificates are not offered hereby.

Pricing Prepayment Assumption

2-year and shorter Fixed Rate Period Adjustable-Rate Mortgage Loans: 2.0% CPR in month 1, building to 30.0% CPR linearly by month 12; 30.0% CPR for months 13-22; 60.0% CPR for months 23-27; 35.0% CPR for months 28 and thereafter.

3-year and longer Fixed Rate Period Adjustable-Rate Mortgage Loans: 2.0% CPR in month 1, building to 30.0% CPR linearly by month 12; 30.0% CPR for months 13-34; 60.0% CPR for months 35-39; 35.0% CPR for months 40 and thereafter.

Fixed-Rate Mortgage Loans: 4.0% CPR growing to 23.0% CPR linearly over 12 months and remaining at 23.0% CPR thereafter.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Transaction Overview

Issuing Entity:		Carrington Mortgage Loan Trust, Series 2007-HE1.

Depositor:		Stanwich Asset Acceptance Company, L.L.C.

Sponsor:		Carrington Securities, LP.

Servicer:		Carrington Mortgage Services, LLC.

Master Servicer & Securities Administrator:		Wells Fargo Bank, N.A.

Interim Servicer & Responsible Party:		EMC Mortgage Corporation. EMC Mortgage Corporation, as Interim Servicer, will service the mortgage loans to, but not including, the Interim Servicing Transfer Date. EMC Mortgage Corporation, as Responsible Party, makes certain representations and warranties with respect to the Mortgage Loans and has certain obligations with respect to the repurchase and substitution of the Mortgage Loans.

Originators:		Approximately 71.15% and 13.53% of the mortgage loans were originated by the Encore Credit division of Bear Stearns Residential Mortgage Corporation and Aegis Mortgage Corporation, respectively, which are not affiliates of Carrington Securities, LP. Except as described in the preceding sentence, no originator or group of affiliated originators originated greater than 10% of the Mortgage Loans. The remaining 15.32% of the mortgage loans were originated by various originators, which are not affiliates of Carrington Securities, LP.

Trustee:		HSBC Bank USA, National Association.

Custodian:		LaSalle Bank National Association.

Lead Manager:		Bear, Stearns & Co. Inc.

Co-Manager:		J.P. Morgan Securities Inc.

Selected Dealer:		Carrington Investment Services, LLC, an affiliate of the Depositor and Sponsor.

Swap Counterparty:		Swiss Re Financial Products Corporation.

Offered Certificates:		Approximately $276,220,000 senior floating-rate certificates consisting of the Class A-1, Class A-2, Class A-3 and Class A-4 Certificates (collectively, the “Class A Certificates”) and approximately $84,798,000 mezzanine floating rate certificates consisting of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates (collectively, with the Class M-9 Certificates, the “Class M Certificates” or the “Mezzanine Certificates”). The Class A Certificates and the Mezzanine Certificates (other than the Class M-9 Certificates) are referred to herein as the “Offered Certificates”. The Offered Certificates and the Class M-9 Certificates are backed by adjustable-rate and fixed-rate, interest-only, balloon and fully-amortizing, first lien and second lien, closed-end, subprime mortgage loans (the “Mortgage Loans”).

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Transaction Overview

Non-Offered Certificates:					The Class M-9, Class CE-1, Class CE-2, Class P and Class R Certificates will not be offered pursuant to the Preliminary Prospectus or the prospectus.

Mortgage Loans:					It is expected that as of June 1, 2007, the Mortgage Loans will consist of approximately 1,745 adjustable-rate and fixed-rate, interest-only, balloon and fully-amortizing, first and second lien, closed-end, subprime mortgage loans, with a scheduled principal balance of approximately $386,322,237.62. As of the close of business on May 31, 2007, none of the Mortgage Loans (to be included in the mortgage pool as of the Closing Date) were 30 or more days delinquent in the payment of principal and/or interest.

Silent Seconds:					To the Sponsor’s knowledge, approximately 1.12% of the first-lien Mortgage Loans are secured by mortgaged properties with respect to which second-lien mortgage loans were originated at the same time as the first-lien Mortgage Loan. These second-lien mortgage loans may or may not be part of the mortgage pool. The owners of the mortgaged properties may obtain second-lien mortgage loans at any time without the Sponsor’s knowledge and, thus, more mortgaged properties than described above may also secure second-lien mortgage loans.

Expected Pricing Date:					On or about June 29, 2007.

Closing Date:					On or about July 12, 2007.

Cut-off Date:					June 1, 2007.

Distribution Date:					The 25^th day of each month (or if such 25^th day is not a business day, the next succeeding business day) commencing in July 2007.

Record Date:					The business day immediately preceding each Distribution Date.

Interim Servicing Transfer Date:					The later to occur of (i) November 1, 2007 and (ii) the Servicer Qualification Date; provided however that if the Servicer Qualification Date has not occurred on or before February 1, 2008 then the Interim Servicing Transfer Date shall be February 1, 2008.

Servicer Qualification Date:					The date on which the Servicer is duly authorized and qualified to transact any and all business contemplated by the pooling and servicing agreement to be conducted by the Servicer thereunder in any state in which a mortgaged property is located or is otherwise not required under applicable law and, in any event, is in compliance with the doing business laws of any state, to the extent necessary to ensure its ability to enforce each Mortgage Loan and to service the Mortgage Loans in accordance with the pooling and servicing agreement.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Transaction Overview

Servicing Transfer:		Prior to the Interim Servicing Transfer Date, EMC Mortgage Corporation will service the Mortgage Loans, as Servicer. On and after the Interim Servicing Transfer Date, (i) Carrington Mortgage Services, LLC will service the Mortgage Loans, as servicer if the Servicer Qualification Date has occurred on or before February 1, 2008 or (ii) Wells Fargo Bank, N.A. or its designee will service the Mortgage Loans as Servicer, if the Servicer Qualification Date has not occurred on or before February 1, 2008. The term “Servicer” as used herein, shall refer to (i) EMC Mortgage Corporation prior to the Interim Servicing Transfer Date, (ii) Carrington Mortgage Services, LLC on and after the Interim Servicing Transfer Date if the Servicer Qualification Date has occurred on or before February 1, 2008 and (iii) Wells Fargo Bank, N.A. or its designee on and after the Interim Servicing Transfer Date, if the Servicer Qualification Date has not occurred on or before February 1, 2008. The term “Master Servicer” as used herein, shall not include the Master Servicer in its capacity as successor servicer or as Servicer on and after the Interim Servicing Transfer Date, if the Servicer Qualification Date has not occurred on or before February 1, 2008.

Delay Days:		Zero days on all Class A and Mezzanine Certificates.

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.

Interest Accrual Period:		The Interest Accrual Period for any Distribution Date and for the Class A Certificates and Mezzanine Certificates is the period commencing on the Distribution Date of the month immediately preceding the month in which the Distribution Date occurs or, in the case of the first Distribution Date, commencing on the Closing Date, and ending on the day preceding the Distribution Date. All distributions of interest on the Class A Certificates and Mezzanine Certificates will be based on a 360-day year and the actual number of days in the applicable Interest Accrual Period.

Prepayment Period:		The Prepayment Period with respect to any Distribution Date and each principal prepayment in full, is the period beginning on the 16th day of the calendar month immediately preceding the month in which the Distribution Date occurs (or with respect to the first Distribution Date, the period commencing on the Cut-Off Date) to the 15th day of the then current calendar month and, with respect to principal prepayments in part, the preceding calendar month.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Transaction Overview

ERISA Considerations:		Subject to the considerations described in “Certain ERISA Considerations” in the Preliminary Prospectus (specifically, in both the preliminary prospectus supplement and in the prospectus which together comprise the Preliminary Prospectus), the Class A-1 and Class A-2 Certificates are expected to be eligible for purchase by persons investing assets of employee benefit plans, individual retirement accounts or other retirement accounts or arrangements, provided that certain conditions are met. The depositor does not intend to rely on the Underwriter Exemption, as described in “Certain ERISA Considerations” in the Preliminary Prospectus (specifically, in both the preliminary prospectus supplement and in the prospectus which together comprise the Preliminary Prospectus), for the purchase and holding of the Class A-1 and Class A-2 Certificates prior to the termination of the Swap Agreement described in the Preliminary Prospectus. Fiduciaries of plans subject to ERISA or Section 4975 of the Internal Revenue Code are encouraged to consult with their legal advisors before investing in the Class A-1 or Class A-2 Certificates. Until the Swap Agreement terminates in May 2011, the Class A-3 Certificates and Class A-4 Certificates and Mezzanine Certificates may not be purchased by or transferred to pension, profit-sharing or other employee benefit plans subject to ERISA, as well as individual retirement accounts, Keogh plans and other plans subject to Section 4975 of the Internal Revenue Code, as well as any entity holding “plan assets” of any of the foregoing (each, a “Benefit Plan”). Each purchaser and transferee of a Class A-3 Certificate, a Class A-4 Certificate or a Mezzanine Certificate or any interest therein will be deemed to have represented, by virtue of its acquisition or holding of such certificate or interest therein, that it is not a Benefit Plan.

Legal Investment:		The Offered Certificates will not constitute “mortgage related securities” for the purposes of the Secondary Mortgage Market Enhancement Act of 1984 (“SMMEA”).

Tax Status:		For federal income tax purposes, each Offered Certificate will represent beneficial ownership of a REMIC regular interest.

Form of Registration:		Book-entry form through DTC, Clearstream and Euroclear.

Minimum Denominations:		Class A and Class M-1 Certificates: $100,000 and integral multiples of $1 in excess thereof. 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: $250,000 and integral multiples of $1 in excess thereof.

Optional Termination:		At its option, the majority holder of the Class CE-1 Certificates, in accordance with the terms of the pooling and servicing agreement, may purchase all of the Mortgage Loans, together with any properties in respect of such Mortgage Loans acquired on behalf of the trust, and thereby effect termination and early retirement of the certificates, after the aggregate principal balance of (i) the Mortgage Loans remaining in the trust at the time of such purchase, and (ii) properties acquired in respect of such Mortgage Loans has been reduced to less than 10% of the aggregate principal balance of the Mortgage Loans as of the Cut-off Date.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Transaction Overview

Administrative Fees:		The sum of (i) the “Servicing Fee”, calculated at the “Servicing Fee Rate” of 0.500% per annum and (ii) the “Master Servicing Fee”’ calculated at the Master Servicing Fee Rate of 0.0185% per annum. The Trustee, the Custodian and the Securities Administrator will be compensated by the Master Servicer. Administrative Fees will be paid monthly on the stated principal balance of the Mortgage Loans.

Class CE-2 Certificates:		On and after the Interim Servicing Transfer Date, on each Distribution Date when and for so long as Carrington Mortgage Services, LLC is the servicer, the holder of the Class CE-2 Certificates will be entitled to 0.20% per annum on the aggregate principal balance of the Mortgage Loans serviced by Carrington Mortgage Services, LLC, which will be paid out of the Servicing Fee. The Class CE-2 Certificates will be delivered on the Closing Date to the Sponsor or its designee as partial consideration for the Mortgage Loans.

Principal & Interest Advances:		The applicable Servicer or the Master Servicer (in its capacity as successor servicer) is required to advance delinquent payments of principal and interest on the Mortgage Loans to the extent such amounts are deemed recoverable. The applicable Servicer or the Master Servicer (in its capacity as successor servicer) is entitled to be reimbursed for such advances, and therefore these advances are not a form of credit enhancement. To the extent provided in the pooling and servicing agreement, the Master Servicer, in its capacity as successor servicer, will be obligated to make any required advances that the applicable Servicer is required to make under the pooling and servicing agreement if the applicable Servicer fails to do so.

Servicing Advances:		The applicable Servicer or the Master Servicer (in its capacity as successor servicer) will pay all out-of-pocket costs related to its obligations, including, but not limited to: (i) expenses in connection with a foreclosed Mortgage Loan prior to the liquidation of such loan, (ii) the costs of any judicial proceedings, including foreclosures and (iii) the cost of managing and liquidating property acquired in relation to the Mortgage Loans, as long as it deems all such costs to be recoverable. The applicable Servicer or the Master Servicer (in its capacity as successor servicer) is entitled to be reimbursed for these advances, and therefore these advances are not a form of credit enhancement.

Compensating Interest:		The applicable Servicer or the Master Servicer (in its capacity as successor servicer) is required to pay Compensating Interest up to the amount of the Servicing Fee to cover Prepayment Interest Shortfalls due to principal prepayments in full on the Mortgage Loans.

Credit Enhancement

Credit Enhancement:

1. Excess Spread

2. Overcollateralization

3. Subordination

The trust will also enter into the Swap Agreement for the benefit of the Class A Certificates and Class M Certificates.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Credit Enhancement

Overcollateralization Amount:		The Overcollateralization Amount with respect to any Distribution Date is the excess, if any, of (a) the aggregate principal balance of the Mortgage Loans (including Mortgage Loans related to any REO Property) as of the last day of the related Due Period over (b) the aggregate Certificate Principal Balance of the Class A Certificates, the Mezzanine Certificates and the Class P Certificates, after giving effect to distributions to be made on such Distribution Date.

Overcollateralization Target Amount:		The Overcollateralization Target Amount with respect to any Distribution Date is (a) prior to the Stepdown Date, an amount equal to 5.25% of the aggregate principal balance of the Mortgage Loans as of the Cut-off Date; (b) on or after the Stepdown Date, provided a Trigger Event is not in effect, the greater of (i) 10.50% of the then current aggregate outstanding principal balance of the Mortgage Loans as of the last day of the related Due Period and (ii) the Overcollateralization Floor Amount; or (c) on or after the Stepdown Date and if a Trigger Event is in effect, the Overcollateralization Target Amount for the immediately preceding Distribution Date. Notwithstanding the foregoing, on and after any Distribution Date following the reduction of the aggregate Certificate Principal Balance of the Class A Certificates, Mezzanine Certificates and Class P Certificates to zero, the Overcollateralization Target Amount will be zero.

Overcollateralization Floor Amount:		An amount equal to 0.50% of the aggregate principal balance of the Mortgage Loans as of the Cut-off Date.

Overcollateralization Increase Amount:		An Overcollateralization Increase Amount with respect to any Distribution Date equals the lesser of (a) the sum of (i) the Net Monthly Excess Cashflow for such Distribution Date and (ii) payments made by the Swap Counterparty and available for distribution pursuant to item (7) under “Payments under the Swap Agreement” below for such Distribution Date and (b) the amount, if any, by which the Overcollateralization Target Amount exceeds the Overcollateralization Amount on such Distribution Date (calculated for this purpose only after assuming that 100% of the Principal Remittance Amount on such Distribution Date has been distributed).

Overcollateralization Reduction Amount:		An Overcollateralization Reduction Amount with respect to any Distribution Date is the lesser of (a) the Principal Remittance Amount on such Distribution Date and (b) the excess, if any, of (i) the Overcollateralization Amount for such Distribution Date (calculated for this purpose only after assuming that 100% of the Principal Remittance Amount on such Distribution Date has been distributed) over (ii) the Overcollateralization Target Amount for such Distribution Date.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Credit Enhancement

Stepdown Date:		The later to occur of: (i) the earlier to occur of: (a) the Distribution Date occurring in July 2010 and (b) the Distribution Date immediately following the Distribution Date on which the aggregate Certificate Principal Balance of the Class A Certificates has been reduced to zero; and (ii) the first Distribution Date on which the Credit Enhancement Percentage with respect to the Class A Certificates (calculated for this purpose only prior to any distribution of the Principal Distribution Amount to the holders of the certificates then entitled to distributions of principal on the related Distribution Date) is greater than or equal to approximately 57.00%.
Credit Support Depletion Date:		The first Distribution Date on which the Certificate Principal Balances of the Mezzanine and Class CE-1 Certificates have been reduced to zero.

Credit Enhancement Percentage:		The Credit Enhancement Percentage for any Distribution Date and for any class of certificates is the percentage obtained by dividing (x) the aggregate Certificate Principal Balance of the classes of certificates with a lower distribution priority than such class (including the Class CE-1 Certificates), calculated after taking into account payments of principal on the Mortgage Loans and distribution of the Principal Distribution Amount to the holders of the certificates then entitled to distributions of principal on the related Distribution Date, by (y) the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period (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	Initial^(%) (Approximate)	Targeted On and After Stepdown Date^(%) (Approximate)
A	28.50	57.00
M-1	21.45	42.90
M-2	17.05	34.10
M-3	15.00	30.00
M-4	13.10	26.20
M-5	11.30	22.60
M-6	9.60	19.20
M-7	8.00	16.00
M-8	6.55	13.10
M-9	5.25	10.50

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Credit Enhancement

Trigger Event:

With respect to any Distribution Date on or after the Stepdown Date, a Trigger Event is in effect if:

1) the percentage obtained by dividing (i) the Rolling Three-Month Delinquency Average by (ii) the aggregate principal balance of the Mortgage Loans (including Mortgage Loans related to REO Property) as of the last day of the previous calendar month, exceeds 28.07% of the then Credit Enhancement Percentage with respect to the Class A Certificates for the prior Distribution Date; or

2) the aggregate amount of Realized Losses incurred since the Cut-Off Date through the last day of the related Due Period (reduced by the aggregate amount of Subsequent Recoveries received 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
July 2009 through June 2010	1.60% for the first Distribution Date in this period, plus an additional 1/12^th of 2.20%for each Distribution Date thereafter
July 2010 through June 2011	3.80%for the first Distribution Date in this period, plus an additional 1/12^th of 2.25%for each Distribution Date thereafter
July 2011 through June 2012	6.05% for the first Distribution Date in this period, plus an additional 1/12^th of 1.80%for each Distribution Date thereafter
July 2012 through June 2013	7.85% for the first Distribution Date in this period, plus an additional 1/12^th of 1.00%for each Distribution Date thereafter
July 2013 through June 2014	8.85% for the first Distribution Date in this period, plus an additional 1/12^th of 0.10% for each Distribution Date thereafter
July 2014 and thereafter	8.95 %

Subsequent Recoveries:			Subsequent Recoveries are unanticipated amounts received on a liquidated Mortgage Loan that resulted in a Realized Loss in a prior month. If Subsequent Recoveries are received, they will be included as part of the Principal Remittance Amount for the following Distribution Date and distributed in accordance with the priorities described in this free writing prospectus. In addition, after giving effect to all distributions on a Distribution Date, the amount of such Subsequent Recoveries will increase the Certificate Principal Balance first, of the Class A Certificates then outstanding, if a Realized Loss has been allocated to the Class A Certificates, on a pro-rata basis by the amount of such Subsequent Recoveries, and second, of the class of Mezzanine Certificates then outstanding with the highest distribution priority to which a Realized Loss was allocated. Thereafter, such class of Class A and Mezzanine Certificates will accrue interest on the increased Certificate Principal Balance.

REO Property:			REO Property is mortgaged property acquired by the applicable Servicer through foreclosure or deed-in-lieu of foreclosure.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Credit Enhancement

Rolling Three-Month Delinquency Average:

With respect to any Distribution Date, the average aggregate principal balance of the Mortgage Loans delinquent 60 days or more (including Mortgage Loans that (i) are in foreclosure, (ii) have been converted to REO Properties or (iii) have been discharged due to bankruptcy) for each of the three (or one and two, in the case of the first and second Distribution Dates, respectively) immediately preceding months.

Distribution of Interest

Interest Distribution Priority:

On each Distribution Date, the Interest Remittance Amount will be distributed in the following order of priority:

1) To the holders of each class of Class A Certificates, on a pro rata basis based on the entitlement of each such class, the Senior Interest Distribution Amount allocable to such class of Class A Certificates; and

2) Sequentially to the holders of 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 in that order, the Interest Distribution Amount allocable to each such class.

Principal Waterfall Prior to Stepdown Date or if a Trigger Event is in Effect

Principal Distribution Priority:

On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, the Principal Distribution Amount will be distributed in the following order of priority:

1) sequentially, to the holders of the Class A-1, Class A-2, Class A-3 and Class A-4 Certificates, in that order, until the Certificate Principal Balance of each such class has been reduced to zero; and

2) sequentially, to the holders of 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, in that order, until the Certificate Principal Balance of each such class has been reduced to zero.

On or after the occurrence of the Credit Support Depletion Date, all priorities relating to distributions as described in this section in respect of principal among the Class A Certificates will be disregarded, and the Principal Distribution Amount will be distributed to the remaining Class A Certificates on a pro rata basis in accordance with their respective outstanding Certificate Principal Balances.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Principal Waterfall Prior to Stepdown Date or if a Trigger Event is in Effect

Principal Distribution Priority:

On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, the Principal Distribution Amount will be distributed in the following order of priority:

1) sequentially, to the holders of the Class A-1, Class A-2, Class A-3 and Class A-4 Certificates, in that order, up to an amount equal to the Class A Principal Distribution Amount, until the Certificate Principal Balance of each such class has been reduced to zero; and:

2) sequentially, to the holders of 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 in that order, up to an amount equal to the related class Principal Distribution Amount, until the Certificate Principal Balance of each such class has been reduced to zero.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Excess Cashflow Waterfall

Net Monthly Excess Cashflow Distributions:

With respect to any Distribution Date, any Net Monthly Excess Cashflow shall be paid as follows:

1) To the holders of the class or classes of Class A Certificates and Mezzanine Certificates then entitled to receive distributions in respect of principal, in an amount equal to the Overcollateralization Increase Amount, distributable as part of the Principal Distribution Amount;

2) Sequentially to the holders of 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, in that order, in each case up to the related Interest Carry Forward Amount related to such certificates for such Distribution Date;

3) Concurrently, on a pro rata basis, based on the amount of any Allocated Realized Loss Amounts previously allocated thereto that remain unreimbursed, to the holders of the Class A-1, Class A-2, Class A-3 and Class A-4 Certificates, and then sequentially to the holders of 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, in that order, in each case up to the related Allocated Realized Loss Amount for such class of certificates for such Distribution Date;

4) To the holders of the Class A Certificates on a pro rata basis based on the remaining Net WAC Rate Carryover Amount for each such class and then sequentially to the holders of the Mezzanine Certificates any remaining Net WAC Rate Carryover Amount for each such class in their order of payment priority;

5) To pay any Swap Termination Payments owed to the Swap Counterparty due to a Swap Counterparty Trigger Event;

6) To the holders of the Class CE-1 Certificates as provided in the pooling and servicing agreement; and

7) To the holders of the Residual Certificates, any remaining amounts; provided that if such Distribution Date is the Distribution Date immediately following the expiration of the latest prepayment charge term or any Distribution Date thereafter, then any such remaining amounts will be distributed first, to the holders of the Class P Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and second, to the holders of the Residual Certificates.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Allocation of Losses

Allocation of Losses:

Any Realized Losses on the Mortgage Loans will be allocated or covered on any Distribution Date as follows:

· first, by Net Monthly Excess Cash Flow;

· second, by any amounts available from the Swap Agreement for the related Distribution Date;

· third, to the Class CE-1 Certificates, until the Certificate Principal Balance of the Class CE-1 Certificates has been reduced to zero;

· fourth, to the Class M-9 Certificates, until the Certificate Principal Balance of the Class M-9 Certificates has been reduced to zero;

· fifth, to the Class M-8 Certificates, until the Certificate Principal Balance of the Class M-8 Certificates has been reduced to zero;

· sixth, to the Class M-7 Certificates, until the Certificate Principal Balance of the Class M-7 Certificates has been reduced to zero;

· seventh, to the Class M-6 Certificates, until the Certificate Principal Balance of the Class M-6 Certificates has been reduced to zero;

· eigth, to the Class M-5 Certificates, until the Certificate Principal Balance of the Class M-5 Certificates has been reduced to zero;

· ninth, to the Class M-4 Certificates, until the Certificate Principal Balance of the Class M-4 Certificates has been reduced to zero;

· tenth, to the Class M-3 Certificates, until the Certificate Principal Balance of the Class M-3 Certificates has been reduced to zero;

· eleventh, to the Class M-2 Certificates, until the Certificate Principal Balance of the Class M-2 Certificates has been reduced to zero;

· twelfth, to the Class M-1 Certificates, until the Certificate Principal Balance of the Class M-1 Certificates has been reduced to zero; and

· thirteenth, concurrently, to the Class A-1, Class A-2, Class A-3 and Class A-4 Certificates on a pro rata basis based on the Certificate Principal Balance of each such class, until their respective Certificate Principal Balances have been reduced to zero.

Once Realized Losses are allocated to the Class A and Mezzanine Certificates, such amounts with respect to such certificates will no longer accrue interest and such amounts will not be reinstated thereafter (except in the case of Subsequent Recoveries). However, Allocated Realized Loss Amounts may be distributed to the holders of the Class A and Mezzanine Certificates from Net Monthly Excess Cashflow, according to the priorities set forth under “Monthly Excess Cashflow Distributions” above and from payments under the Swap Agreement, according to the priorities set forth under “Payment Under the Swap Agreement” below.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Derivatives

Swap Agreement:

The Securities Administrator, on behalf of the trust, will enter into an interest rate swap agreement with the Swap Counterparty. On the business day prior to each Distribution Date, the Securities Administrator will deposit into a swap account amounts, if any, received from the Swap Counterparty. From amounts on deposit in a swap account, to the extent such amounts constitute net swap payments (as described below), distributions (to the extent of the principal portion of any Realized Losses) of amounts necessary to maintain the required level of overcollateralization, distributions in respect of Prepayment Interest Shortfalls and Net WAC Rate Carryover Amounts, and distributions in respect of the principal portion of Allocated Realized Loss Amounts previously allocated to the certificates that remain unreimbursed, will be made as described below. The swap account will not be an asset of any REMIC trust.

Under the Swap Agreement, on the business day prior to each Distribution Date, commencing with the Distribution Date in July 2007 and ending with the Distribution Date in May 2011, the Securities Administrator, on behalf of the trust, will be obligated to pay to the Swap Counterparty the Fixed Swap Payment and the Swap Counterparty will be obligated to pay to the Securities Administrator, on behalf of the trust, the Floating Swap Payment. A net swap payment will be required to be made on the business day prior to each Distribution Date (a) by the Securities Administrator to the Swap Counterparty, to the extent that the Fixed Swap Payment for such Distribution Date exceeds the Floating Swap Payment payable to the trust for such Distribution Date, or (b) by the Swap Counterparty to the Securities Administrator, to the extent that the Floating Swap Payment payable to the trust exceeds the Fixed Swap Payment for such Distribution Date.

The Swap Agreement will terminate immediately following the Distribution Date in May 2011, unless terminated earlier upon the occurrence of an “Event of Default” under the Swap Agreement, an early termination event under the Swap Agrement or an “Additional Termination Event” under the Swap Agreement.

Upon the occurrence of any Event of Default under the Swap Agreement, the non-defaulting party will have the right to designate an “Early Termination Date” (as defined in the ISDA Master Agreement). With respect to Termination Events (including Additional Termination Events), an Early Termination Date may be designated by one of the parties (as specified in the Swap Agreement) and will occur only upon notice and, in some circumstances, after any affected party has used reasonable efforts to transfer its rights and obligations under the Swap Agreement to a related entity within a specified period after notice has been given of the Termination Event, all as set forth in the Swap Agreement. The occurrence of an Early Termination Date under the Swap Agreement will constitute a “Swap Early Termination.”

Upon any Swap Early Termination, the Securities Administrator, on behalf of the trust, or the Swap Counterparty, may be liable to make a swap termination payment (the “Swap Termination Payment”) to the other (regardless, if applicable, of which of the parties has caused the termination). The Swap Termination Payment will be based on the value of the Swap Agreement computed in accordance with the procedures set forth in the Swap Agreement taking into account the present value of the unpaid amounts that would have been owed to and by the Swap Counterparty under the remaining scheduled term of the Swap Agreement. In the event that the Securities Administrator, on behalf of the trust, is required to make a Swap Termination Payment to the Swap Counterparty, that payment will be paid on the business day prior to the related Distribution Date, and on the business day prior to any subsequent Distribution Dates until paid in full, prior to distributions to certificateholders, other than in the case of a Swap Termination Payment triggered upon a Swap Counterparty Trigger Event. The trust’s obligation to pay amounts in respect of a Swap Termination Payment resulting from a Swap Counterparty Trigger Event will be subordinated to distributions to the holders of the Class A and Mezzanine Certificates.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Derivatives

Swap Agreement Notional Balance:

With respect to the Swap Agreement and each calculation period specified below, the related notional balance specified in the table below for such calculation period. The first calculation period will end on the day before the Distribution Date in July 2007 and the forty-seventh calculation period will end on the day before the Distribution Date in May 2011:

Period	Notional Balance ($)⁽¹⁾	Period	Notional Balance ($)⁽¹⁾
1	359,280,000.00	25	105,130,208.79
2	356,323,282.43	26	92,658,898.88
3	352,160,929.66	27	82,083,102.15
4	346,782,653.58	28	76,802,135.10
5	340,188,223.65	29	76,802,135.10
6	332,388,231.06	30	76,802,135.10
7	323,404,599.22	31	76,802,135.10
8	313,270,989.20	32	73,347,579.00
9	302,033,307.78	33	69,647,764.20
10	289,750,783.92	34	65,695,854.61
11	276,553,921.44	35	61,989,866.72
12	262,846,931.46	36	58,557,137.31
13	249,769,352.98	37	55,370,451.79
14	237,291,875.94	38	52,487,945.84
15	225,386,570.52	39	49,977,421.90
16	214,026,821.57	40	47,616,191.70
17	203,187,266.17	41	45,374,229.15
18	192,843,734.22	42	43,245,227.26
19	182,973,191.83	43	41,223,063.19
20	173,546,515.25	44	39,302,050.03
21	164,446,043.61	45	37,476,822.85
22	154,951,551.18	46	35,742,314.31
23	135,968,534.65	47	34,093,749.14
24	119,475,950.99

⁽¹⁾ Approximate, subject to the variance in the outstanding principal balance of the mortgage loans described in footnote 3 under the table entitled "Transaction Highlights" on page 2 above.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Derivatives

Payments Under the Swap Agreement:

Pursuant to the Swap Agreement, amounts payable by the trust in respect of Net Swap Payments and Swap Termination Payments (other than Swap Termination Payments resulting from a Swap Counterparty Trigger Event) will be deducted from available funds before distributions to the holders of the Class A and Mezzanine Certificates. On the business day prior to each Distribution Date, such amounts will be distributed by the trust to the Swap Counterparty, first to make any net swap payment owed to the Swap Counterparty pursuant to the Swap Agreement for such Distribution Date, and second to make any Swap Termination Payment not due to a Swap Counterparty Trigger Event owed to the Swap Counterparty pursuant to the Swap Agreement.

Payments by the trust to the Swap Counterparty in respect of any Swap Termination Payment triggered by a Swap Counterparty Trigger Event pursuant to the Swap Agreement will be subordinated to distributions to the holders of the Class A Certificates and Mezzanine Certificates and will be paid by the trust to the Swap Counterparty as set forth in the pooling and servicing agreement.

Amounts payable by the Swap Counterparty to the Securities Administrator, on behalf of the trust, will be deposited by the Securities Administrator into the swap account. On each Distribution Date, to the extent required, the Securities Administrator will withdraw the following amounts from the swap account to the extent of net swap payments on deposit therein for distribution to the certificates in the following order of priority, in the case of items (4) and (6) through (8), to the extent not covered by Net Monthly Excess Cashflow:

1) To the holders of the Class A Certificates, to pay any unpaid Senior Interest Distribution Amount allocable to such class of Class A Certificates, on a pro rata basis based on the entitlement of each such class (in each case to the extent not covered by the Interest Remittance Amount);

2) To the holders of the Class A Certificates, to pay accrued and unpaid interest to the extent unpaid from interest collections, but only to the extent of Prepayment Interest Shortfalls (not covered by Compensating Interest) allocated to such certificates on such Distribution Date, on a pro rata basis, based on the amount of such Prepayment Interest Shortfalls previously allocated thereto that remain unreimbursed;

3) To the holders of the Mezzanine Certificates, in their order of payment priority, to pay any unpaid Interest Distribution Amount allocable to each such class (in each case to the extent not covered by the Interest Remittance Amount);

4) To the holders of the Mezzanine Certificates, in their order of payment priority, in each case up to the related unpaid Interest Carry Forward Amount related to such certificates for such Distribution Date;

5) To the holders of the Mezzanine Certificates, in their order of payment priority, to pay accrued and unpaid interest to the extent unpaid from interest collections, but only to the extent of Prepayment Interest Shortfalls (not covered by Compensating Interest) allocated to such certificates on such Distribution Date;

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Derivatives

		6) To the holders of the Class A Certificates, on a pro rata basis, based on the amount of Net WAC Rate Carryover Amounts previously allocated thereto that remain unreimbursed, and then sequentially to the holders of the Mezzanine Certificates, in their order of payment priority, the amount of any Net WAC Rate Carryover Amounts remaining unpaid as of that Distribution Date; 7) To the holders of the class or classes of Class A Certificates and Mezzanine Certificates then entitled to receive distributions in respect of principal, in an amount equal to the Overcollateralization Increase Amount, distributable as part of the Principal Distribution Amount, but only to the extent of the principal portion of Realized Losses for such Distribution Date; 8) To the holders of the Class A Certificates, on a pro rata basis, based on the amount of any Allocated Realized Loss Amounts previously allocated thereto that remain unreimbursed, and then to the holders of the Mezzanine Certificates, in their order of payment priority, the principal portion of any Allocated Realized Loss Amount previously allocated thereto that remain unreimbursed; and 9) To the holders of the Class CE-1 Certificates any balance remaining, in accordance with the terms of the pooling and servicing agreement.

Fixed Swap Payment:		With respect to the business day prior to any Distribution Date on or prior to the Distribution Date in May 2011, an amount equal to the product of (x) a fixed rate equal to 5.46% per annum (subject to a +/- 5% variance), (y) the Swap Agreement Notional Balance for that Distribution Date and (z)(i) with respect to the business day prior to the initial Distribution Date, a fraction, the numerator of which is the number of days from and including the Closing Date to and including the day preceding the initial Distribution Date (on a 30/360 day count basis) and the denominator of which is 360 (determined on a 30/360 basis) and (ii) with respect to the business day prior to each Distribution Date thereafter, a fraction, the numerator of which is 30 and the denominator of which is 360.

Floating Swap Payment:		With respect to the business day prior to any Distribution Date on or prior to the Distribution Date in May 2011, an amount equal to the product of (x) one-month LIBOR as determined pursuant to the Swap Agreement, (y) the Swap Agreement Notional Balance for that Distribution Date and (z) a fraction, the numerator of which is equal to the actual number of days in the related calculation period as provided in the Swap Agreement and the denominator of which is 360.

Swap Counterparty Trigger Event:		An “Event of Default” (as defined in the Swap Agreement) with respect to which the Swap Counterparty is a “Defaulting Party” (as defined in the Swap Agreement) or a “Termination Event” (as defined in the Swap Agreement) (including an “Additional Termination Event” (as defined in the Swap Agreement)) under the Swap Agreement with respect to which the Swap Counterparty is the sole “Affected Party” (as defined in the Swap Agreement).

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Definitions

Allocated Realized Loss Amount:			An Allocated Realized Loss Amount with respect to any class of Class A Certificates and Mezzanine Certificates and any Distribution Date will be an amount equal to (x) the sum of (i) any Realized Losses allocated to that class of certificates on the Distribution Date as described above under “Allocation of Losses” and (ii) any Allocated Realized Loss Amount for the class remaining unreimbursed from previous Distribution Dates minus (y) the amount of the increase in the related Certificate Principal Balance due to the receipt of Subsequent Recoveries.

Available Distribution Amount:			For any Distribution Date, an amount equal to the sum of the following amounts, net of certain expenses of the trust including (i) amounts reimbursable to the Master Servicer, the Securities Administrator, the applicable Servicer, the Custodian and the Trustee, (ii) any net swap payment owed to the Swap Counterparty and (iii) any Swap Termination Payment owed to the Swap Counterparty not due to a Swap Counterparty Trigger Event: · the aggregate amount of scheduled monthly payments on the Mortgage Loans due during the related Due Period and received on or prior to the related Determination Date, after deduction of Administrative Fees in respect of the Mortgage Loans for that Distribution Date; · unscheduled payments in respect of the Mortgage Loans, including mortgagor prepayments, insurance proceeds, liquidation proceeds and Subsequent Recoveries from the Mortgage Loans, amounts received in respect of REO Property and proceeds from repurchases of and substitutions for the Mortgage Loans occurring during the related Prepayment Period; · all payments of Compensating Interest made by the applicable Servicer or the Master Servicer (in its capacity as successor servicer) with respect to the Mortgage Loans; and · all Advances made for that Distribution Date in respect of the Mortgage Loans.

Certificate Principal Balance:			With respect to any class of Class A Certificates and Mezzanine Certificates and any date of determination, an amount equal to its initial certificate principal balance, reduced by the aggregate of (a) all amounts allocable to principal previously distributed with respect to that class of certificates and (b) any reductions in its certificate principal balance in connection with the allocation of Realized Losses in the manner described under “Allocation of Losses” above (taking into account any increases in the certificate principal balance thereof due to the receipt of Subsequent Recoveries). The Certificate Principal Balance of the Class CE-1 Certificates as of any date of determination is equal to the excess, if any, of the then aggregate principal balance of the Mortgage Loans over the then aggregate Certificate Principal Balance of the Class A Certificates, the Mezzanine Certificates and the Class P Certificates.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Definitions

Class A Principal Distribution Amount:			The Class A Principal Distribution Amount is an amount equal to the excess of: · the aggregate Certificate Principal Balance of the Class A Certificates immediately prior to the related Distribution Date over · the lesser of (A) the product of (i) the applicable Subordination Percentage and (ii) the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period and (B) the excess, if any, of the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period over the Overcollateralization Floor Amount.
Class M-1 Principal Distribution Amount:			The Class M-1 Principal Distribution Amount is an amount equal to the excess of: · the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates after taking into account the distribution of the Class A Principal Distribution Amount on the related Distribution Date and (ii) the Certificate Principal Balance of the Class M-1 Certificates immediately prior to the related Distribution Date over · the lesser of (A) the product of (i) the applicable Subordination Percentage and (ii) the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period and (B) the excess, if any, of the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period over the Overcollateralization Floor Amount.
Class M-2 Principal Distribution Amount:			The Class M-2 Principal Distribution Amount is an amount equal to the excess of: · the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates after taking into account the distribution of the Class A Principal Distribution Amount on the related Distribution Date, (ii) the Certificate Principal Balance of the Class M-1 Certificates after taking into account the distribution of the Class M-1 Principal Distribution Amount on the related Distribution Date and (iii) the Certificate Principal Balance of the Class M-2 Certificates immediately prior to the related Distribution Date over · the lesser of (A) the product of (i) the applicable Subordination Percentage and (ii) the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period and (B) the excess, if any, of the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period over the Overcollateralization Floor Amount.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Definitions

Class M-3 Principal Distribution Amount:		The Class M-3 Principal Distribution Amount is an amount equal to the excess of: · the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates after taking into account the distribution of the Class A Principal Distribution Amount on the related Distribution Date, (ii) the Certificate Principal Balance of the Class M-1 Certificates after taking into account the distribution of the Class M-1 Principal Distribution Amount on the related Distribution Date, (iii) the Certificate Principal Balance of the Class M-2 Certificates after taking into account the distribution of the Class M-2 Principal Distribution Amount on the related Distribution Date and (iv) the Certificate Principal Balance of the Class M-3 Certificates immediately prior to the related Distribution Date over · the lesser of (A) the product of (i) the applicable Subordination Percentage and (ii) the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period and (B) the excess, if any, of the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period over the Overcollateralization Floor Amount.
Class M-4 Principal Distribution Amount:		The Class M-4 Principal Distribution Amount is an amount equal to the excess of: · the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates after taking into account the distribution of the Class A Principal Distribution Amount on the related Distribution Date, (ii) the Certificate Principal Balance of the Class M-1 Certificates after taking into account the distribution of the Class M-1 Principal Distribution Amount on the related Distribution Date, (iii) the Certificate Principal Balance of the Class M-2 Certificates after taking into account the distribution of the Class M-2 Principal Distribution Amount on the related Distribution Date, (iv) the Certificate Principal Balance of the Class M-3 Certificates after taking into account the distribution of the Class M-3 Principal Distribution Amount on the related Distribution Date and (v) the Certificate Principal Balance of the Class M-4 Certificate immediately prior to the related Distribution Date over · the lesser of (A) the product of (i) the applicable Subordination Percentage and (ii) the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period and (B) the excess, if any, of the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period over the Overcollateralization Floor Amount.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Definitions

Class M-5 Principal Distribution Amount:		The Class M-5 Principal Distribution Amount is an amount equal to the excess of: · the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates after taking into account the distribution of the Class A Principal Distribution Amount on the related Distribution Date, (ii) the Certificate Principal Balance of the Class M-1 Certificates after taking into account the distribution of the Class M-1 Principal Distribution Amount on the related Distribution Date, (iii) the Certificate Principal Balance of the Class M-2 Certificates after taking into account the distribution of the Class M-2 Principal Distribution Amount on the related Distribution Date, (iv) the Certificate Principal Balance of the Class M-3 Certificates after taking into account the distribution of the Class M-3 Principal Distribution Amount on the related Distribution Date, (v) the Certificate Principal Balance of the Class M-4 Certificates after taking into account the distribution of the Class M-4 Principal Distribution Amount on the related Distribution Date and (vi) the Certificate Principal Balance of the Class M-5 Certificates immediately prior to the related Distribution Date over · the lesser of (A) the product of (i) the applicable Subordination Percentage and (ii) the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period and (B) the excess, if any, of the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period over the Overcollateralization Floor Amount.
Class M-6 Principal Distribution Amount:		The Class M-6 Principal Distribution Amount is an amount equal to the excess of: · the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates after taking into account the distribution of the Class A Principal Distribution Amount on the related Distribution Date, (ii) the Certificate Principal Balance of the Class M-1 Certificates after taking into account the distribution of the Class M-1 Principal Distribution Amount on the related Distribution Date, (iii) the Certificate Principal Balance of the Class M-2 Certificates after taking into account the distribution of the Class M-2 Principal Distribution Amount on the related Distribution Date, (iv) the Certificate Principal Balance of the Class M-3 Certificates after taking into account the distribution of the Class M-3 Principal Distribution Amount on the related Distribution Date, (v) the Certificate Principal Balance of the Class M-4 Certificates after taking into account the distribution of the Class M-4 Principal Distribution Amount on the related Distribution Date, (vi) the Certificate Principal Balance of the Class M-5 Certificates after taking into account the distribution of the Class M-5 Principal Distribution Amount on the related Distribution Date and (vii) the Certificate Principal Balance of the Class M-6 Certificates immediately prior to the related Distribution Date over · the lesser of (A) the product of (i) the applicable Subordination Percentage and (ii) the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period and (B) the excess, if any, of the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period over the Overcollateralization Floor Amount.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Definitions

Class M-7 Principal Distribution Amount:		The Class M-7 Principal Distribution Amount is an amount equal to the excess of: · the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates after taking into account the distribution of the Class A Principal Distribution Amount on the related Distribution Date, (ii) the Certificate Principal Balance of the Class M-1 Certificates after taking into account the distribution of the Class M-1 Principal Distribution Amount on the related Distribution Date, (iii) the Certificate Principal Balance of the Class M-2 Certificates after taking into account the distribution of the Class M-2 Principal Distribution Amount on the related Distribution Date, (iv) the Certificate Principal Balance of the Class M-3 Certificates after taking into account the distribution of the Class M-3 Principal Distribution Amount on the related Distribution Date, (v) the Certificate Principal Balance of the Class M-4 Certificates after taking into account the distribution of the Class M-4 Principal Distribution Amount on the related Distribution Date, (vi) the Certificate Principal Balance of the Class M-5 Certificates after taking into account the distribution of the Class M-5 Principal Distribution Amount on the related Distribution Date, (vii) the Certificate Principal Balance of the Class M-6 Certificates after taking into account the distribution of the Class M-6 Principal Distribution Amount on the related Distribution Date and (viii) the Certificate Principal Balance of the Class M-7 Certificates immediately prior to the related Distribution Date over · the lesser of (A) the product of (i) the applicable Subordination Percentage and (ii) the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period and (B) the excess, if any, of the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period over the Overcollateralization Floor Amount.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Definitions

Class M-8 Principal Distribution Amount:		The Class M-8 Principal Distribution Amount is an amount equal to the excess of: · the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificate after taking into account the distribution of the Class A Principal Distribution Amount on the related Distribution Date, (ii) the Certificate Principal Balance of the Class M-1 Certificates after taking into account the distribution of the Class M-1 Principal Distribution Amount on the related Distribution Date, (iii) the Certificate Principal Balance of the Class M-2 Certificates after taking into account the distribution of the Class M-2 Principal Distribution Amount on the related Distribution Date, (iv) the Certificate Principal Balance of the Class M-3 Certificates after taking into account the distribution of the Class M-3 Principal Distribution Amount on the related Distribution Date, (v) the Certificate Principal Balance of the Class M-4 Certificates after taking into account the distribution of the Class M-4 Principal Distribution Amount on the related Distribution Date, (vi) the Certificate Principal Balance of the Class M-5 Certificates after taking into account the distribution of the Class M-5 Principal Distribution Amount on the related Distribution Date, (vii) the Certificate Principal Balance of the Class M-6 Certificates after taking into account the distribution of the Class M-6 Principal Distribution Amount on the related Distribution Date, (viii) the Certificate Principal Balance of the Class M-7 Certificates after taking into account the distribution of the Class M-7 Principal Distribution Amount on the related Distribution Date and (ix) the Certificate Principal Balance of the Class M-8 Certificates immediately prior to the related Distribution Date over · the lesser of (A) the product of (i) the applicable Subordination Percentage and (ii) the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period and (B) the excess, if any, of the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period over the Overcollateralization Floor Amount.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Definitions

Class M-9 Principal Distribution Amount:

The Class M-9 Principal Distribution Amount is an amount equal to the excess of:

· the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificate after taking into account the distribution of the Class A Principal Distribution Amount on the related Distribution Date, (ii) the Certificate Principal Balance of the Class M-1 Certificates after taking into account the distribution of the Class M-1 Principal Distribution Amount on the related Distribution Date, (iii) the Certificate Principal Balance of the Class M-2 Certificates after taking into account the distribution of the Class M-2 Principal Distribution Amount on the related Distribution Date, (iv) the Certificate Principal Balance of the Class M-3 Certificates after taking into account the distribution of the Class M-3 Principal Distribution Amount on the related Distribution Date, (v) the Certificate Principal Balance of the Class M-4 Certificates after taking into account the distribution of the Class M-4 Principal Distribution Amount on the related Distribution Date, (vi) the Certificate Principal Balance of the Class M-5 Certificates after taking into account the distribution of the Class M-5 Principal Distribution Amount on the related Distribution Date, (vii) the Certificate Principal Balance of the Class M-6 Certificates after taking into account the distribution of the Class M-6 Principal Distribution Amount on the related Distribution Date, (viii) the Certificate Principal Balance of the Class M-7 Certificates after taking into account the distribution of the Class M-7 Principal Distribution Amount on the related Distribution Date, (ix) the Certificate Principal Balance of the Class M-8 Certificates after taking into account the distribution of the Class M-8 Principal Distribution Amount on the related Distribution Date and (x) the Certificate Principal Balance of the Class M-9 Certificates immediately prior to the related Distribution Date over

· the lesser of (A) the product of (i) the applicable Subordination Percentage and (ii) the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period and (B) the excess, if any, of the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period over the Overcollateralization Floor Amount.

Determination Date:			The Determination Date with respect to any Distribution Date will be 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.

Expense Adjusted Mortgage Rate:			The Expense Adjusted Mortgage Rate for any Mortgage Loan and any Distribution Date will be a per annum rate equal to the then applicable mortgage rate for such Mortgage Loan as of the first day of the related Due Period minus the sum of the Administrative Fee Rate.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Definitions

Formula Rate:			The Formula Rate for any class of Class A and Mezzanine Certificates is One-Month LIBOR plus the related margin. For the Interest Accrual Period for each Distribution Date after the date on which the aggregate principal balance of the Mortgage Loans remaining in the mortgage pool is reduced to less than 10.00% of the aggregate principal balance of the Mortgage Loans as of the Cut-off Date, the related margin will increase to 2.0 times the related original margin for each Class A Certificate, and 1.5 times the related original margin for any Mezzanine Certificate.

Interest Carry Forward Amount:			The Interest Carry Forward Amount with respect to any class of Class A Certificates and Mezzanine Certificates and any Distribution Date is equal to the amount, if any, by which the Interest Distribution Amount for that class of certificates for the immediately preceding Distribution Date exceeded the actual amount distributed on the certificates in respect of interest on the immediately preceding Distribution Date, together with any Interest Carry Forward Amount with respect to that class of certificates remaining undistributed from previous Distribution Dates, plus interest accrued thereon at the related Pass-Through Rate on the certificates for the most recently ended Interest Accrual Period.

Interest Distribution Amount:			The Interest Distribution Amount for the Class A Certificates and Mezzanine Certificates 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 the Distribution Date at the Pass-Through Rate for that class, reduced (to not less than zero) by the allocable share, if any, for that class of Prepayment Interest Shortfalls to the extent not covered by Compensating Interest paid by the applicable Servicer or the Master Servicer (in its capacity as successor servicer) and shortfalls resulting from the application of the Relief Act.

Interest Remittance Amount:			The Interest Remittance Amount for any Distribution Date is the excess, if any, of (i) that portion of the Available Distribution Amount (without giving effect to any net swap payment owed to the Swap Counterparty or any Swap Termination Payment owed to the Swap Counterparty not due to a Swap Counterparty Trigger Event) for that Distribution Date that represents interest received or advanced on the Mortgage Loans over (ii) any net swap payment owed to the Swap Counterparty or Swap Termination Payment not due to a Swap Counterparty Trigger Event owed to the Swap Counterparty.

Net Monthly Excess Cash Flow:			The Net Monthly Excess Cash Flow for any Distribution Date is equal to the sum of (a) any Overcollateralization Reduction Amount and (b) the excess of: · the Available Distribution Amount for the related Distribution Date over · the sum for the related Distribution Date of (a) the Senior Interest Distribution Amount distributable to the holders of the Class A Certificates, (b) the Interest Distribution Amount distributable to the holders of the Mezzanine Certificates and (c) the Principal Remittance Amount.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Definitions

Net WAC Pass-Through Rate:			The Net WAC Pass-Through Rate for any Distribution Date and the Class A Certificates and Mezzanine Certificates is a per annum rate (which will not be less than zero) equal to the excess, if any, of (a) the product of (i) a per annum rate equal to the weighted average of the Expense Adjusted Mortgage Rates on the then outstanding Mortgage Loans, weighted based on their principal balances as of the first day of the related Due Period and (ii) a fraction expressed as a percentage the numerator of which is 30 and the denominator of which is the actual number of days in the related Interest Accrual Period, over (b) the product of (i) a fraction expressed as a percentage the numerator of which is the amount of any net swap payments due to the Swap Counterparty or Swap Termination Payment owed to the Swap Counterparty not due to a Swap Counterparty Trigger Event, and the denominator of which is the aggregate principal balance of the outstanding mortgage loans as of the first day of the related Due Period and (ii) a fraction expressed as a percentage the numerator of which is 360 and the denominator of which is the actual number of days in the related Interest Accrual Period.

Net WAC Rate Carryover Amount:			For any Distribution Date and any Class A Certificates or Mezzanine Certificates, an amount equal to the sum of (i) the excess of (x) the amount of interest that would have accrued on such class of Certificates for such Distribution Date had the applicable Pass-Through Rate not been subject to the Net WAC Pass-Through Rate (not to exceed 14.50%), over (y) the amount of interest that accrued on such class of Certificates for such Distribution Date at the Net WAC Pass-Through Rate and (ii) the undistributed portion of any related Net WAC Carryover Amount from prior Distribution Dates together with interest accrued on such undistributed portion for the most recently ended Interest Accrual Period at the Formula Rate (not to exceed 14.50%) applicable for such class for such Interest Accrual Period. The ratings on each class of Certificates do not address the likelihood of the distribution of any Net WAC Rate Carryover Amount.

Pass-Through Rates:			With respect to each class of Class A Certificates and Mezzanine Certificates and any Distribution Date, the least of (i) the Formula Rate, (ii) the Net WAC Pass-Through Rate and (iii) 14.50% per annum.

Preliminary Prospectus:			The Offered Certificates will be offered pursuant to a Preliminary Prospectus which includes a Preliminary Prospectus Supplement and a base prospectus (together, the “Preliminary Prospectus”). Additional information with respect to the Offered Certificates and the Mortgage Loans is contained in the Preliminary Prospectus. The foregoing is qualified in its entirety by the information appearing in the Preliminary Prospectus, which will be conveyed to you prior to any contractual commitment to purchase any of the Offered Certificates.

Prepayment Interest Shortfalls:			With respect to any principal prepayments on the Mortgage Loans and any Distribution Date, any interest shortfall resulting from principal prepayments in full occurring between the first day of the related Prepayment Period and the last day of the prior calendar month.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

Definitions

Principal Distribution Amount:			The Principal Distribution Amount for any Distribution Date will be an amount, not less than zero, equal to the sum of (i) the principal portion of all monthly payments on the Mortgage Loans due during the related Due Period actually received on or prior to the related Determination Date or advanced on or prior to the related Distribution Date; (ii) the principal portion of all proceeds received in respect of the repurchase of a Mortgage Loan or, in the case of a substitution, amounts representing a principal adjustment, as required by the pooling and servicing agreement during the related Prepayment Period; (iii) the principal portion of all other unscheduled collections, including insurance proceeds, liquidation proceeds, Subsequent Recoveries and all full and partial principal prepayments, received during the related Prepayment Period net of any portion thereof that represents a recovery of principal for which an advance was made by the applicable Servicer or the Master Servicer (in its capacity as successor servicer), and (iv) the amount of any Overcollateralization Increase Amount for such Distribution Date; minus (v) the amount of any Overcollateralization Reduction Amount for such Distribution Date and (vi) any net swap payment owed to the Swap Counterparty or Swap Termination Payment not due to a Swap Counterparty Trigger Event owed to the Swap Counterparty to the extent not covered by that portion of the Available Distribution Amount (without giving effect to any net swap payment owed to the Swap Counterparty or any Swap Termination Payment owed to the Swap Counterparty not due to a Swap Counterparty Trigger Event) for that Distribution Date that represents interest received or advanced on the Mortgage Loans.

Principal Remittance Amount:			The Principal Remittance Amount for any Distribution Date is the sum of the amounts described in clauses (i) through (iii) of the definition of Principal Distribution Amount.

Senior Interest Distribution Amount:			The Senior Interest Distribution Amount for any Distribution Date is equal to the sum of the Interest Distribution Amount for that Distribution Date for the Class A Certificates and the Interest Carry Forward Amount, if any, for that Distribution Date for the Class A Certificates.

Subordination Percentage:			With respect to each class of Class A Certificates and Mezzanine Certificates, the applicable approximate percentage set forth in the table below.

Class	Percentage^(%) (Approximate)
A	43.00
M-1	57.10
M-2	65.90
M-3	70.00
M-4	73.80
M-5	77.40
M-6	80.80
M-7	84.00
M-8	86.90
M-9	89.50

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Total Collateral)


Collateral Summary

Statistics for the Mortgage Loans listed below are based on the Cut-off Date scheduled balances.

Scheduled Principal Balance:	$	386,322,237.62
Number of Mortgage Loans:		1,745
Average Scheduled Principal Balance:	$	221,388.10
Weighted Average Gross Coupon:		8.784%
Weighted Average Original Credit Score:		591
Weighted Average Original LTV Ratio²:		78.23%
Weighted Average Combined Original LTV Ratio²:		78.44%
Weighted Average Stated Remaining Term (months):		357
Weighted Average Original Term (months):		359
Weighted Average Original Roll Term¹ (months):		26
Weighted Average Gross Margin¹:		5.731%
Weighted Average Initial Rate Cap¹:		1.500%
Weighted Average Periodic Rate Cap¹:		1.017%
Interest Only Loans:		8.68%
Silent Seconds:		1.12%

(1) Includes adjustable-rate Mortgage Loans only.

(2) The original loan-to-value (“OLTV”) of a first-lien mortgage is a fraction, expressed as a percentage, the numerator of which is the principal balance of the Mortgage Loan at the date of origination and the denominator of which is the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan. The OLTV of a second lien Mortgage Loan is a fraction, expressed as a percentage the numerator of which is (i) the sum of (a) the principal balance of such Mortgage Loan at the date of origination plus (b) the outstanding balance of the senior mortgage loan at the date of origination of such Mortgage Loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan. The combined original loan-to-value (“CLTV”) of a mortgage is a fraction, expressed as a percentage, the numerator of which is (i) the sum of (a) the principal balance of such Mortgage Loan at the date of origination plus (b) either (x) for junior lien Mortgage Loans the outstanding balance of the senior lien mortgage loan at the date of origination of such Mortgage Loan, or (y) for first-lien Mortgage Loans the outstanding balance of any junior lien mortgage loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Total Collateral)

Distribution by Product Type

Product Type	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
10 FIXED		1	$	133,424.82		0.03	%	$	133,424.82		696		54.00	%		6.875	%
15 FIXED		16		2,171,509.20		0.56			135,719.33		598		62.27			8.278
20 FIXED		3		599,179.38		0.16			199,726.46		648		65.71			6.921
25 FIXED		8		794,624.78		0.21			99,328.10		621		71.78			7.848
2YR-ARM		477		99,060,309.03		25.64			207,673.60		569		76.21			9.399
2YR-ARM 10YR-IO		10		3,204,200.00		0.83			320,420.00		626		85.56			8.777
2YR-ARM 2YR-IO		1		620,000.00		0.16			620,000.00		616		85.52			7.350
2YR-ARM 5YR-IO		64		21,149,443.26		5.47			330,460.05		619		79.68			7.988
2YR-ARM Recast		1		157,530.22		0.04			157,530.22		596		91.16			8.250
30 Fixed 10YR-IO		2		695,998.58		0.18			347,999.29		621		72.80			9.225
30 FIXED		369		59,955,471.91		15.52			162,480.95		607		76.97			8.641
30 FIXED 5YR-IO		8		2,554,000.00		0.66			319,250.00		642		86.69			8.019
30 FIXED Recast		1		322,567.51		0.08			322,567.51		585		95.00			7.500
3YR-ARM		55		10,603,291.04		2.74			192,787.11		605		79.51			8.514
3YR-ARM 10YR-IO		1		450,000.00		0.12			450,000.00		667		84.11			8.100
3YR-ARM 5YR-IO		17		4,868,797.42		1.26			286,399.85		636		78.88			7.542
40/30 2YR-ARM		389		100,816,787.62		26.10			259,169.12		583		79.62			8.921
40/30 3YR-ARM		31		7,775,286.47		2.01			250,815.69		578		75.30			8.215
40/30 5YR-ARM		1		361,498.31		0.09			361,498.31		735		59.83			6.325
40/30 FIXED		114		24,926,545.38		6.45			218,653.91		592		79.18			8.907
50/30 2YR-ARM		84		23,487,979.03		6.08			279,618.80		597		80.58			8.482
50/30 3YR-ARM		41		8,955,645.37		2.32			218,430.37		609		81.23			7.397
50/30 5YR-ARM		3		825,801.48		0.21			275,267.16		658		74.74			7.366
50/30 FIXED		43		10,995,550.20		2.85			255,710.47		636		79.25			7.740
5YR-ARM		5		836,796.61		0.22			167,359.32		626		75.61			9.318
Total:		1,745	$	386,322,237.62		100.00	%	$	221,388.10		591		78.23	%		8.784	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Total Collateral)

Distribution by Current Gross Mortgage Rate

Current Gross Mortgage Rate (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.501—6.000		10	$	2,095,377.51		0.54	%	$	209,537.75		698		72.34	%		5.789	%
6.001—6.500		37		10,078,585.94		2.61			272,394.21		671		74.43			6.324
6.501—7.000		105		25,548,539.13		6.61			243,319.42		652		76.18			6.807
7.001—7.500		104		29,185,822.29		7.55			280,632.91		616		77.20			7.344
7.501—8.000		181		44,964,967.40		11.64			248,425.23		615		78.11			7.807
8.001—8.500		177		42,392,495.20		10.97			239,505.62		600		78.10			8.308
8.501—9.000		297		70,209,232.61		18.17			236,394.72		584		77.95			8.796
9.001—9.500		221		50,486,882.94		13.07			228,447.43		575		80.16			9.295
9.501—10.000		287		54,365,455.15		14.07			189,426.67		563		79.18			9.789
10.001—10.500		150		30,884,320.70		7.99			205,895.47		564		78.41			10.276
10.501—11.000		94		15,725,350.46		4.07			167,290.96		556		78.26			10.740
11.001—11.500		32		4,956,396.92		1.28			154,887.40		551		79.23			11.246
11.501—12.000		26		3,623,137.56		0.94			139,351.44		542		74.58			11.778
12.001—12.500		24		1,805,673.81		0.47			75,236.41		601		87.67			12.374
Total:		1,745	$	386,322,237.62		100.00	%	$	221,388.10		591		78.23	%		8.784	%

Distribution by Original Principal Balance

Original Mortgage Loan Balance ($)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0.01—50,000.00		21	$	922,553.88		0.24	%	$	43,931.14		594		70.32	%		10.939	%
50,000.01—100,000.00		205		16,068,563.01		4.16			78,383.23		575		72.78			9.869
100,000.01—150,000.00		374		46,759,931.83		12.10			125,026.56		585		75.61			9.110
150,000.01—200,000.00		325		56,631,086.74		14.66			174,249.50		583		76.70			8.956
200,000.01—250,000.00		282		62,635,669.74		16.21			222,112.30		593		76.82			8.551
250,000.01—300,000.00		187		51,355,302.24		13.29			274,627.28		589		78.82			8.725
300,000.01—350,000.00		91		29,367,061.83		7.60			322,714.97		595		77.68			8.559
350,000.01—400,000.00		92		34,538,069.31		8.94			375,413.80		593		80.44			8.612
400,000.01—450,000.00		45		19,054,855.52		4.93			423,441.23		591		80.08			8.792
450,000.01—500,000.00		40		19,162,833.06		4.96			479,070.83		592		80.81			8.763
500,000.01—550,000.00		28		14,711,893.16		3.81			525,424.76		598		84.49			8.532
550,000.01—600,000.00		17		9,688,861.90		2.51			569,933.05		616		84.13			8.425
600,000.01—650,000.00		24		15,043,848.21		3.89			626,827.01		614		80.63			8.464
650,000.01—700,000.00		7		4,716,110.81		1.22			673,730.12		617		85.51			8.619
700,000.01—750,000.00		2		1,407,521.31		0.36			703,760.66		592		87.51			8.864
750,000.01—800,000.00		3		2,366,875.07		0.61			788,958.36		590		73.50			8.896
800,000.01—850,000.00		1		841,200.00		0.22			841,200.00		692		85.00			6.990
1,000,000.01 >=		1		1,050,000.00		0.27			1,050,000.00		622		69.08			8.625
Total:		1,745	$	386,322,237.62		100.00	%	$	221,388.10		591		78.23	%		8.784	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Total Collateral)

Distribution by Current Unpaid Principal Balance

Current Unpaid Principal Balance ($)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0.01—50,000.00		21	$	922,553.88		0.24	%	$	43,931.14		594		70.32	%		10.939	%
50,000.01—100,000.00		210		16,568,265.55		4.29			78,896.50		574		72.67			9.830
100,000.01—150,000.00		369		46,260,229.29		11.97			125,366.48		585		75.68			9.116
150,000.01—200,000.00		330		57,629,299.82		14.92			174,634.24		583		76.19			8.943
200,000.01—250,000.00		277		61,637,456.66		15.95			222,517.89		593		77.29			8.557
250,000.01—300,000.00		187		51,355,302.24		13.29			274,627.28		589		78.82			8.725
300,000.01—350,000.00		92		29,717,015.18		7.69			323,011.03		594		77.49			8.581
350,000.01—400,000.00		91		34,188,115.96		8.85			375,693.58		594		80.64			8.593
400,000.01—450,000.00		45		19,054,855.52		4.93			423,441.23		591		80.08			8.792
450,000.01—500,000.00		41		19,662,510.30		5.09			479,573.42		592		80.77			8.748
500,000.01—550,000.00		27		14,212,215.92		3.68			526,378.37		598		84.67			8.545
550,000.01—600,000.00		17		9,688,861.90		2.51			569,933.05		616		84.13			8.425
600,000.01—650,000.00		24		15,043,848.21		3.89			626,827.01		614		80.63			8.464
650,000.01—700,000.00		7		4,716,110.81		1.22			673,730.12		617		85.51			8.619
700,000.01—750,000.00		2		1,407,521.31		0.36			703,760.66		592		87.51			8.864
750,000.01—800,000.00		3		2,366,875.07		0.61			788,958.36		590		73.50			8.896
800,000.01—850,000.00		1		841,200.00		0.22			841,200.00		692		85.00			6.990
1,000,000.01 >=		1		1,050,000.00		0.27			1,050,000.00		622		69.08			8.625
Total:		1,745	$	386,322,237.62		100.00	%	$	221,388.10		591		78.23	%		8.784	%

Distribution by Remaining Term to Maturity

Remaining Term (months)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
61—120		1	$	133,424.82		0.03	%	$	133,424.82		696		54.00	%		6.875	%
121—180		16		2,171,509.20		0.56			135,719.33		598		62.27			8.278
181—240		3		599,179.38		0.16			199,726.46		648		65.71			6.921
241—300		8		794,624.78		0.21			99,328.10		621		71.78			7.848
301—360		1,717		382,623,499.44		99.04			222,844.20		591		78.36			8.792
Total:		1,745	$	386,322,237.62		100.00	%	$	221,388.10		591		78.23	%		8.784	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Total Collateral)

Distribution by Original Term to Maturity

Original Term (months)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
61—120		1	$	133,424.82		0.03	%	$	133,424.82		696		54.00	%		6.875	%
121—180		16		2,171,509.20		0.56			135,719.33		598		62.27			8.278
181—240		3		599,179.38		0.16			199,726.46		648		65.71			6.921
241—300		8		794,624.78		0.21			99,328.10		621		71.78			7.848
301—360		1,717		382,623,499.44		99.04			222,844.20		591		78.36			8.792
Total:		1,745	$	386,322,237.62		100.00	%	$	221,388.10		591		78.23	%		8.784	%

Distribution by Original Loan-to-Value Ratio

Original Loan-to-Value Ratio (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
10.01—15.00		1	$	49,976.86		0.01	%	$	49,976.86		515		10.53	%		9.790	%
15.01—20.00		3		313,465.11		0.08			104,488.37		620		18.32			8.308
20.01—25.00		5		460,541.24		0.12			92,108.25		550		21.87			9.461
25.01—30.00		6		1,005,021.98		0.26			167,503.66		580		27.83			9.199
30.01—35.00		7		706,770.88		0.18			100,967.27		609		33.12			8.920
35.01—40.00		20		2,900,352.27		0.75			145,017.61		574		37.77			8.864
40.01—45.00		22		3,450,663.21		0.89			156,848.33		578		42.84			8.839
45.01—50.00		41		6,641,630.09		1.72			161,990.98		580		48.22			8.576
50.01—55.00		43		8,030,820.33		2.08			186,763.26		602		52.52			8.255
55.01—60.00		61		12,515,972.78		3.24			205,179.88		584		58.16			8.341
60.01—65.00		102		20,236,676.15		5.24			198,398.79		591		63.24			8.431
65.01—70.00		131		29,088,698.93		7.53			222,051.14		583		68.95			8.761
70.01—75.00		214		46,710,250.44		12.09			218,272.20		579		74.08			8.928
75.01—80.00		347		76,850,610.35		19.89			221,471.50		579		79.50			8.894
80.01—85.00		314		75,591,377.84		19.57			240,736.87		589		84.51			8.794
85.01—90.00		369		92,813,656.91		24.02			251,527.53		610		89.69			8.794
90.01—95.00		34		6,922,050.87		1.79			203,589.73		643		94.76			8.296
95.01—100.00		25		2,033,701.38		0.53			81,348.06		653		99.97			10.894
Total:		1,745	$	386,322,237.62		100.00	%	$	221,388.10		591		78.23	%		8.784	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Total Collateral)

Distribution by Combined Original Loan-to-Value Ratio

Combined Original Loan-to-Value Ratio (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
10.01—15.00		1	$	49,976.86		0.01	%	$	49,976.86		515		10.53	%		9.790	%
15.01—20.00		3		313,465.11		0.08			104,488.37		620		18.32			8.308
20.01—25.00		5		460,541.24		0.12			92,108.25		550		21.87			9.461
25.01—30.00		6		1,005,021.98		0.26			167,503.66		580		27.83			9.199
30.01—35.00		7		706,770.88		0.18			100,967.27		609		33.12			8.920
35.01—40.00		17		2,490,190.09		0.64			146,481.77		577		38.04			9.000
40.01—45.00		23		3,600,880.42		0.93			156,560.02		576		42.57			8.776
45.01—50.00		41		6,641,630.09		1.72			161,990.98		580		48.22			8.576
50.01—55.00		42		7,919,148.78		2.05			188,551.16		602		52.50			8.248
55.01—60.00		62		12,575,938.89		3.26			202,837.72		584		58.05			8.344
60.01—65.00		102		20,236,676.15		5.24			198,398.79		591		63.24			8.431
65.01—70.00		131		28,993,458.74		7.50			221,324.11		582		68.92			8.777
70.01—75.00		214		46,710,250.44		12.09			218,272.20		579		74.08			8.928
75.01—80.00		329		73,461,820.30		19.02			223,288.21		576		79.44			8.938
80.01—85.00		316		75,821,865.38		19.63			239,942.61		589		84.49			8.797
85.01—90.00		371		93,289,498.57		24.15			251,454.17		610		89.55			8.795
90.01—95.00		36		7,381,959.25		1.91			205,054.42		642		93.84			8.292
95.01—100.00		39		4,663,144.45		1.21			119,567.81		655		88.71			8.953
Total:		1,745	$	386,322,237.62		100.00	%	$	221,388.10		591		78.23	%		8.784	%

Distribution by State

State	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
CA		312	$	101,473,759.82		26.27	%	$	325,236.41		594		75.75	%		8.558	%
FL		301		59,831,579.50		15.49			198,776.01		589		78.21			8.878
IL		122		26,377,644.20		6.83			216,210.20		582		79.94			9.187
MD		86		20,422,317.17		5.29			237,468.80		584		77.67			8.756
VA		101		19,331,816.86		5.00			191,404.13		586		77.98			8.653
AZ		86		18,126,865.45		4.69			210,777.51		592		80.85			8.576
NJ		57		16,074,256.11		4.16			282,004.49		600		78.98			9.298
NY		56		15,820,145.99		4.10			282,502.61		596		77.05			8.699
WA		41		9,267,536.30		2.40			226,037.47		595		79.03			8.878
NV		34		8,809,654.68		2.28			259,107.49		621		79.21			7.605
MA		32		8,478,605.19		2.19			264,956.41		600		74.48			8.461
CT		42		7,843,821.93		2.03			186,757.67		589		75.90			8.665
GA		48		7,200,290.29		1.86			150,006.05		580		82.78			9.642
PA		44		6,731,968.37		1.74			152,999.28		568		79.54			9.326
NC		41		6,637,329.06		1.72			161,886.07		590		79.94			9.260
Other		342		53,894,646.70		13.95			157,586.69		593		81.29			8.909
Total:		1,745	$	386,322,237.62		100.00	%	$	221,388.10		591		78.23	%		8.784	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Total Collateral)

Distribution by Occupancy Type

Occupancy	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Investment Property		81	$	15,535,736.61		4.02	%	$	191,799.22		607		73.04	%		9.690	%
Owner Occupied		1,648		367,266,601.24		95.07			222,855.95		591		78.51			8.741
Second Home		16		3,519,899.77		0.91			219,993.74		606		72.04			9.260
Total:		1,745	$	386,322,237.62		100.00	%	$	221,388.10		591		78.23	%		8.784	%

Distribution by Property Type

Property Type	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Single Family		1,561	$	339,884,860.33		87.98	%	$	217,735.34		589		78.17	%		8.810	%
2-4 Family		75		21,964,807.15		5.69			292,864.10		599		76.89			9.024
PUD		83		20,073,575.54		5.20			241,850.31		613		80.91			8.128
Condominium		20		3,601,979.66		0.93			180,098.98		613		76.15			8.369
Townhouse		6		797,014.94		0.21			132,835.82		593		84.49			9.366
Total:		1,745	$	386,322,237.62		100.00	%	$	221,388.10		591		78.23	%		8.784	%

Distribution by Loan Purpose

Loan Purpose	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Cash Out		1,427	$	322,559,318.72		83.49	%	$	226,040.17		591		77.46	%		8.746	%
Rate/Term		214		42,113,544.87		10.90			196,792.27		586		81.37			8.849
Purchase		104		21,649,374.03		5.60			208,167.06		608		83.68			9.217
Total:		1,745	$	386,322,237.62		100.00	%	$	221,388.10		591		78.23	%		8.784	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Total Collateral)

Distribution by Documentation Type

Documentation Type	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Full/Alt Documentation		1,250	$	262,686,130.74		68.00	%	$	210,148.90		588		79.01	%		8.525	%
Limited Documentation		7		1,204,263.16		0.31			172,037.59		595		81.93			9.240
Lite Documentation		7		2,053,803.09		0.53			293,400.44		572		76.61			8.308
Stated Documentation		481		120,378,040.63		31.16			250,266.20		598		76.51			9.353
Total:		1,745	$	386,322,237.62		100.00	%	$	221,388.10		591		78.23	%		8.784	%

Distribution by Credit Score

Credit Score Range	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
476—500		7	$	1,692,518.33		0.44	%	$	241,788.33		500		75.26	%		10.201	%
501—525		208		37,894,106.35		9.81			182,183.20		516		73.78			9.765
526—550		256		51,949,510.71		13.45			202,927.78		538		74.19			9.401
551—575		288		62,064,583.52		16.07			215,502.03		562		78.60			9.273
576—600		296		71,062,607.59		18.39			240,076.38		589		79.06			8.817
601—625		302		72,067,297.15		18.65			238,633.43		612		80.55			8.523
626—650		172		40,786,445.88		10.56			237,130.50		637		79.74			8.203
651—675		118		25,883,694.53		6.70			219,353.34		662		80.64			7.873
676—700		50		11,686,993.72		3.03			233,739.87		687		79.18			7.152
701—725		22		5,213,228.40		1.35			236,964.93		710		77.81			7.334
726—750		14		3,322,775.47		0.86			237,341.11		736		77.75			6.754
751—775		9		1,836,705.55		0.48			204,078.39		758		80.15			6.871
776—800		2		682,295.43		0.18			341,147.72		795		78.71			7.418
801—825		1		179,474.99		0.05			179,474.99		809		75.00			6.150
Total:		1,745	$	386,322,237.62		100.00	%	$	221,388.10		591		78.23	%		8.784	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Total Collateral)

Distribution by Original Prepayment Penalty Term

Prepayment Penalty Terms (months)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0		489	$	102,084,344.56		26.42	%	$	208,761.44		585		79.26	%		9.244	%
4		1		402,765.73		0.10			402,765.73		567		59.09			8.700
6		2		769,360.62		0.20			384,680.31		566		78.07			11.494
12		84		23,371,236.17		6.05			278,229.00		591		75.95			9.044
24		666		161,143,702.17		41.71			241,957.51		583		78.28			8.810
36		503		98,550,828.37		25.51			195,926.10		613		77.71			8.182
Total:		1,745	$	386,322,237.62		100.00	%	$	221,388.10		591		78.23	%		8.784	%

Distribution by Lien Type

Lien Type	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
1		1,721	$	385,054,808.98		99.67	%	$	223,738.99		591		78.16	%		8.773	%
2		24		1,267,428.64		0.33			52,809.53		662		98.90			12.048
Total:		1,745	$	386,322,237.62		100.00	%	$	221,388.10		591		78.23	%		8.784	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Adjustable Rate Collateral)


Collateral Summary

Statistics for the Mortgage Loans listed below are based on the Cut-off Date scheduled balances.

Scheduled Principal Balance:	$	283,173,365.86
Number of Mortgage Loans:		1,180
Average Scheduled Principal Balance:	$	239,977.43
Weighted Average Gross Coupon:		8.862%
Weighted Average Original Credit Score:		586
Weighted Average Original LTV Ratio²:		78.47%
Weighted Average Combined Original LTV Ratio²:		78.68%
Weighted Average Stated Remaining Term (months):		359
Weighted Average Original Term (months):		360
Weighted Average Original Roll Term¹ (months):		26
Weighted Average Gross Margin¹:		5.731%
Weighted Average Initial Rate Cap¹:		1.500%
Weighted Average Periodic Rate Cap¹:		1.017%
Interest Only Loans:		10.70%
Silent Seconds:		1.13%

(1) Includes adjustable-rate Mortgage Loans only.

(2) The original loan-to-value (“OLTV”) of a first-lien mortgage is a fraction, expressed as a percentage, the numerator of which is the principal balance of the Mortgage Loan at the date of origination and the denominator of which is the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan. The OLTV of a second lien Mortgage Loan is a fraction, expressed as a percentage the numerator of which is (i) the sum of (a) the principal balance of such Mortgage Loan at the date of origination plus (b) the outstanding balance of the senior mortgage loan at the date of origination of such Mortgage Loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan. The combined original loan-to-value (“CLTV”) of a mortgage is a fraction, expressed as a percentage, the numerator of which is (i) the sum of (a) the principal balance of such Mortgage Loan at the date of origination plus (b) either (x) for junior lien Mortgage Loans the outstanding balance of the senior lien mortgage loan at the date of origination of such Mortgage Loan, or (y) for first-lien Mortgage Loans the outstanding balance of any junior lien mortgage loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Product Type

Product Type	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
2YR-ARM		477	$	99,060,309.03		34.98	%	$	207,673.60		569		76.21	%		9.399	%
2YR-ARM 10YR-IO		10		3,204,200.00		1.13			320,420.00		626		85.56			8.777
2YR-ARM 2YR-IO		1		620,000.00		0.22			620,000.00		616		85.52			7.350
2YR-ARM 5YR-IO		64		21,149,443.26		7.47			330,460.05		619		79.68			7.988
2YR-ARM Recast		1		157,530.22		0.06			157,530.22		596		91.16			8.250
3YR-ARM		55		10,603,291.04		3.74			192,787.11		605		79.51			8.514
3YR-ARM 10YR-IO		1		450,000.00		0.16			450,000.00		667		84.11			8.100
3YR-ARM 5YR-IO		17		4,868,797.42		1.72			286,399.85		636		78.88			7.542
40/30 2YR-ARM		389		100,816,787.62		35.60			259,169.12		583		79.62			8.921
40/30 3YR-ARM		31		7,775,286.47		2.75			250,815.69		578		75.30			8.215
40/30 5YR-ARM		1		361,498.31		0.13			361,498.31		735		59.83			6.325
50/30 2YR-ARM		84		23,487,979.03		8.29			279,618.80		597		80.58			8.482
50/30 3YR-ARM		41		8,955,645.37		3.16			218,430.37		609		81.23			7.397
50/30 5YR-ARM		3		825,801.48		0.29			275,267.16		658		74.74			7.366
5YR-ARM		5		836,796.61		0.30			167,359.32		626		75.61			9.318
Total:		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%

Distribution by Current Gross Mortgage Rate

Current Gross Mortgage Rate (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.501—6.000		6	$	1,463,794.72		0.52	%	$	243,965.79		699		73.36	%		5.738	%
6.001—6.500		19		5,874,447.12		2.07			309,181.43		649		75.21			6.285
6.501—7.000		40		10,942,492.49		3.86			273,562.31		626		77.29			6.805
7.001—7.500		67		19,832,523.91		7.00			296,007.82		610		77.23			7.335
7.501—8.000		127		34,066,249.50		12.03			268,238.19		613		79.05			7.803
8.001—8.500		116		29,984,864.83		10.59			258,490.21		597		78.64			8.309
8.501—9.000		214		55,285,595.32		19.52			258,343.90		581		78.30			8.800
9.001—9.500		180		41,500,182.02		14.66			230,556.57		575		79.96			9.295
9.501—10.000		214		43,587,312.14		15.39			203,679.03		561		78.90			9.785
10.001—10.500		100		22,593,611.61		7.98			225,936.12		569		77.59			10.272
10.501—11.000		64		12,020,872.38		4.25			187,826.13		556		78.77			10.732
11.001—11.500		17		3,233,458.67		1.14			190,203.45		554		79.52			11.218
11.501—12.000		12		2,113,598.56		0.75			176,133.21		524		69.90			11.792
12.001—12.500		4		674,362.59		0.24			168,590.65		559		77.06			12.267
Total:		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Original Principal Balance

Original Mortgage Loan Balance ($)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0.01—50,000.00		4	$	199,886.31		0.07	%	$	49,971.58		523		24.71	%		9.955	%
50,000.01—100,000.00		102		8,283,209.74		2.93			81,207.94		560		72.18			9.798
100,000.01—150,000.00		223		27,982,553.17		9.88			125,482.30		574		74.98			9.278
150,000.01—200,000.00		228		39,967,481.83		14.11			175,295.97		575		77.11			9.078
200,000.01—250,000.00		198		43,991,145.84		15.54			222,177.50		585		76.96			8.716
250,000.01—300,000.00		138		38,036,120.81		13.43			275,624.06		586		79.49			8.785
300,000.01—350,000.00		76		24,546,311.09		8.67			322,977.78		588		76.76			8.710
350,000.01—400,000.00		70		26,459,409.43		9.34			377,991.56		589		81.40			8.740
400,000.01—450,000.00		37		15,657,893.68		5.53			423,186.32		584		79.73			8.862
450,000.01—500,000.00		38		18,229,331.97		6.44			479,719.26		591		80.49			8.793
500,000.01—550,000.00		19		9,956,603.13		3.52			524,031.74		589		85.24			8.812
550,000.01—600,000.00		15		8,508,861.90		3.00			567,257.46		613		84.03			8.321
600,000.01—650,000.00		22		13,780,241.57		4.87			626,374.62		609		80.47			8.544
650,000.01—700,000.00		4		2,696,698.56		0.95			674,174.64		610		86.28			9.160
700,000.01—750,000.00		2		1,407,521.31		0.50			703,760.66		592		87.51			8.864
750,000.01—800,000.00		2		1,578,895.52		0.56			789,447.76		587		65.26			8.786
800,000.01—850,000.00		1		841,200.00		0.30			841,200.00		692		85.00			6.990
1,000,000.01 >=		1		1,050,000.00		0.37			1,050,000.00		622		69.08			8.625
Total:		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%

Distribution by Current Unpaid Principal Balance

Current Unpaid Principal Balance ($)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0.01—50,000.00		4	$	199,886.31		0.07	%	$	49,971.58		523		24.71	%		9.955	%
50,000.01—100,000.00		104		8,483,105.03		3.00			81,568.32		559		71.93			9.784
100,000.01—150,000.00		221		27,782,657.88		9.81			125,713.38		574		75.08			9.279
150,000.01—200,000.00		232		40,765,857.86		14.40			175,714.90		575		76.52			9.067
200,000.01—250,000.00		194		43,192,769.81		15.25			222,643.14		584		77.51			8.720
250,000.01—300,000.00		138		38,036,120.81		13.43			275,624.06		586		79.49			8.785
300,000.01—350,000.00		76		24,546,311.09		8.67			322,977.78		588		76.76			8.710
350,000.01—400,000.00		70		26,459,409.43		9.34			377,991.56		589		81.40			8.740
400,000.01—450,000.00		37		15,657,893.68		5.53			423,186.32		584		79.73			8.862
450,000.01—500,000.00		39		18,729,009.21		6.61			480,231.01		591		80.46			8.776
500,000.01—550,000.00		18		9,456,925.89		3.34			525,384.77		589		85.55			8.845
550,000.01—600,000.00		15		8,508,861.90		3.00			567,257.46		613		84.03			8.321
600,000.01—650,000.00		22		13,780,241.57		4.87			626,374.62		609		80.47			8.544
650,000.01—700,000.00		4		2,696,698.56		0.95			674,174.64		610		86.28			9.160
700,000.01—750,000.00		2		1,407,521.31		0.50			703,760.66		592		87.51			8.864
750,000.01—800,000.00		2		1,578,895.52		0.56			789,447.76		587		65.26			8.786
800,000.01—850,000.00		1		841,200.00		0.30			841,200.00		692		85.00			6.990
1,000,000.01 >=		1		1,050,000.00		0.37			1,050,000.00		622		69.08			8.625
Total:		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Remaining Term to Maturity

Remaining Term (months)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
301—360		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%
Total:		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%

Distribution by Original Term to Maturity

Original Term (months)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
301—360		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%
Total:		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%

Distribution by Original Loan-to-Value Ratio

Original Loan-to-Value Ratio (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
10.01—15.00		1	$	49,976.86		0.02	%	$	49,976.86		515		10.53	%		9.790	%
15.01—20.00		2		248,506.56		0.09			124,253.28		607		17.88			8.324
20.01—25.00		2		199,937.12		0.07			99,968.56		534		21.87			9.640
25.01—30.00		5		833,621.68		0.29			166,724.34		556		27.82			9.301
30.01—35.00		3		279,890.02		0.10			93,296.67		591		33.23			9.185
35.01—40.00		13		1,892,582.54		0.67			145,583.27		564		38.31			8.933
40.01—45.00		15		2,520,842.40		0.89			168,056.16		579		43.12			8.953
45.01—50.00		21		3,737,403.47		1.32			177,971.59		568		48.07			8.860
50.01—55.00		25		4,928,524.42		1.74			197,140.98		592		52.41			8.524
55.01—60.00		41		9,085,330.25		3.21			221,593.42		572		58.47			8.514
60.01—65.00		69		14,102,606.07		4.98			204,385.60		576		63.31			8.648
65.01—70.00		93		22,632,480.77		7.99			243,360.01		576		69.05			8.896
70.01—75.00		149		34,984,337.77		12.35			234,794.21		574		74.12			9.084
75.01—80.00		248		58,298,614.47		20.59			235,075.06		574		79.53			8.931
80.01—85.00		218		56,098,556.95		19.81			257,332.83		586		84.49			8.808
85.01—90.00		253		68,175,709.39		24.08			269,469.21		606		89.70			8.854
90.01—95.00		17		4,223,526.97		1.49			248,442.76		645		94.82			8.271
95.01—100.00		5		880,918.15		0.31			176,183.63		641		99.97			9.571
Total:		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Combined Original Loan-to-Value Ratio

Combined Original Loan-to-Value Ratio (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
10.01—15.00		1	$	49,976.86		0.02	%	$	49,976.86		515		10.53	%		9.790	%
15.01—20.00		2		248,506.56		0.09			124,253.28		607		17.88			8.324
20.01—25.00		2		199,937.12		0.07			99,968.56		534		21.87			9.640
25.01—30.00		5		833,621.68		0.29			166,724.34		556		27.82			9.301
30.01—35.00		3		279,890.02		0.10			93,296.67		591		33.23			9.185
35.01—40.00		10		1,482,420.36		0.52			148,242.04		566		38.91			9.180
40.01—45.00		16		2,671,059.61		0.94			166,941.23		576		42.73			8.861
45.01—50.00		21		3,737,403.47		1.32			177,971.59		568		48.07			8.860
50.01—55.00		25		4,928,524.42		1.74			197,140.98		592		52.41			8.524
55.01—60.00		42		9,145,296.36		3.23			217,745.15		572		58.32			8.516
60.01—65.00		69		14,102,606.07		4.98			204,385.60		576		63.31			8.648
65.01—70.00		93		22,632,480.77		7.99			243,360.01		576		69.05			8.896
70.01—75.00		149		34,984,337.77		12.35			234,794.21		574		74.12			9.084
75.01—80.00		234		55,501,503.25		19.60			237,185.91		570		79.52			8.982
80.01—85.00		220		56,329,044.49		19.89			256,041.11		586		84.46			8.812
85.01—90.00		255		68,651,551.05		24.24			269,221.77		606		89.51			8.855
90.01—95.00		19		4,683,435.35		1.65			246,496.60		643		93.36			8.268
95.01—100.00		14		2,711,770.65		0.96			193,697.90		654		86.49			8.072
Total:		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%

Distribution by State

State	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
CA		247	$	82,847,950.95		29.26	%	$	335,416.81		588		76.30	%		8.643	%
FL		200		43,487,259.04		15.36			217,436.30		584		79.10			8.933
IL		95		21,328,102.15		7.53			224,506.34		582		79.66			9.142
NJ		51		14,969,040.52		5.29			293,510.60		598		79.34			9.337
MD		58		14,403,335.84		5.09			248,333.38		578		78.36			8.776
AZ		67		14,306,682.29		5.05			213,532.57		583		81.03			8.681
VA		67		14,061,388.25		4.97			209,871.47		581		78.45			8.693
NY		29		8,731,386.64		3.08			301,082.30		590		76.16			8.901
NV		23		5,975,003.33		2.11			259,782.75		599		79.87			7.843
WA		22		5,418,659.99		1.91			246,302.73		590		79.43			9.032
NC		28		5,251,656.61		1.85			187,559.16		590		80.68			9.120
MA		18		5,110,682.35		1.80			283,926.80		570		72.10			9.261
PA		29		4,663,043.24		1.65			160,794.59		567		79.64			9.441
CT		23		4,572,127.45		1.61			198,788.15		585		76.74			8.827
GA		25		4,482,188.53		1.58			179,287.54		581		83.91			9.261
Other		198		33,564,858.68		11.85			169,519.49		585		81.00			9.025
Total:		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Occupancy Type

Occupancy	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Investment Property		70	$	13,541,602.55		4.78	%	$	193,451.47		602		73.15	%		9.831	%
Owner Occupied		1,097		266,723,808.28		94.19			243,139.30		585		78.78			8.808
Second Home		13		2,907,955.03		1.03			223,688.85		607		74.73			9.372
Total:		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%

Distribution by Property Type

Property Type	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Single Family		1,042	$	245,417,994.00		86.67	%	$	235,525.91		583		78.42	%		8.902	%
2-4 Family		61		18,601,834.22		6.57			304,948.10		599		77.28			9.005
PUD		58		15,303,609.39		5.40			263,855.33		605		80.93			8.162
Condominium		15		3,230,674.69		1.14			215,378.31		612		76.36			8.294
Townhouse		4		619,253.56		0.22			154,813.39		607		86.42			8.972
Total:		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%

Distribution by Loan Purpose

Loan Purpose	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Cash Out		978	$	237,899,768.69		84.01	%	$	243,251.30		585		77.64	%		8.831	%
Rate/Term		118		26,675,560.48		9.42			226,064.07		578		82.12			8.864
Purchase		84		18,598,036.69		6.57			221,405.20		608		83.83			9.261
Total:		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Documentation Type

Documentation Type	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Full/Alt Documentation		776	$	176,892,165.85		62.47	%	$	227,953.82		579		79.41	%		8.578	%
Limited Documentation		7		1,204,263.16		0.43			172,037.59		595		81.93			9.240
Lite Documentation		6		1,834,358.03		0.65			305,726.34		563		76.21			8.477
Stated Documentation		391		103,242,578.82		36.46			264,047.52		597		76.86			9.352
Total:		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%

Distribution by Credit Score

Credit Score Range	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
476—500		5	$	1,297,627.91		0.46	%	$	259,525.58		500		75.17	%		10.226	%
501—525		163		31,334,612.94		11.07			192,236.89		516		73.39			9.659
526—550		186		39,830,636.07		14.07			214,143.20		537		73.91			9.325
551—575		213		48,426,939.57		17.10			227,356.52		562		78.94			9.249
576—600		217		56,321,481.80		19.89			259,546.00		589		79.09			8.841
601—625		201		54,448,531.64		19.23			270,888.22		612		81.26			8.495
626—650		98		25,693,647.37		9.07			262,180.08		637		81.09			8.359
651—675		58		15,096,442.73		5.33			260,283.50		661		80.95			7.993
676—700		25		6,367,551.37		2.25			254,702.05		686		82.50			7.203
701—725		6		1,794,409.90		0.63			299,068.32		707		85.17			8.057
726—750		5		1,676,274.67		0.59			335,254.93		739		76.70			6.773
751—775		2		332,886.20		0.12			166,443.10		770		56.24			7.458
776—800		1		552,323.69		0.20			552,323.69		799		85.00			7.625
Total:		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%

Distribution by Original Prepayment Penalty Term

Prepayment Penalty Terms (months)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0		357	$	81,388,514.87		28.74	%	$	227,979.03		583		79.27	%		9.231	%
4		1		402,765.73		0.14			402,765.73		567		59.09			8.700
6		2		769,360.62		0.27			384,680.31		566		78.07			11.494
12		54		16,002,850.36		5.65			296,349.08		588		76.09			9.280
24		656		159,323,403.37		56.26			242,871.04		583		78.23			8.805
36		110		25,286,470.91		8.93			229,877.01		610		79.26			7.697
Total:		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Initial Interest Rate Cap

Initial Cap (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
1.500		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%
Total:		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%

Distribution by Periodic Interest Rate Cap

Periodic Cap (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
1.000		1,131	$	273,686,865.17		96.65	%	$	241,986.62		586		78.48	%		8.864	%
1.500		47		9,161,469.20		3.24			194,924.88		581		78.64			8.861
2.000		2		325,031.49		0.11			162,515.75		637		68.93			7.612
Total:		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%

Distribution by Gross Margin

ARM Margin (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
2.001—3.000		1	$	240,124.90		0.08	%	$	240,124.90		653		80.00	%		7.125	%
3.001—4.000		7		1,642,082.53		0.58			234,583.22		697		74.63			6.050
4.001—5.000		41		10,128,725.23		3.58			247,042.08		633		78.38			6.701
5.001—6.000		898		223,769,768.13		79.02			249,186.82		588		79.48			8.873
6.001—7.000		201		42,671,833.57		15.07			212,297.68		561		73.42			9.369
7.001—8.000		31		4,656,613.07		1.64			150,213.32		574		77.41			9.491
8.001—9.000		1		64,218.43		0.02			64,218.43		599		84.61			10.250
Total:		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Maximum Mortgage Rate

Maximum Mortgage Rate (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
11.001—12.000		6	$	1,463,794.72		0.52	%	$	243,965.79		699		73.36	%		5.738	%
12.001—13.000		60		17,496,022.10		6.18			291,600.37		633		77.05			6.703
13.001—14.000		190		52,805,216.65		18.65			277,922.19		611		78.14			7.658
14.001—15.000		322		82,843,456.45		29.26			257,277.82		587		78.47			8.617
15.001—16.000		387		84,841,178.80		29.96			219,227.85		569		79.41			9.501
16.001—17.000		178		37,129,825.03		13.11			208,594.52		564		78.11			10.346
17.001—18.000		32		5,839,619.09		2.06			182,488.10		541		76.04			11.343
18.001—19.000		4		558,419.26		0.20			139,604.82		542		73.41			12.180
19.001 >=		1		195,833.76		0.07			195,833.76		596		80.00			12.100
Total:		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%

Distribution by Minimum Mortgage Rate

Minimum Mortgage Rate (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.001—6.000		6	$	1,463,794.72		0.52	%	$	243,965.79		699		73.36	%		5.738	%
6.001—7.000		59		16,816,939.61		5.94			285,032.87		634		76.56			6.624
7.001—8.000		194		53,898,773.41		19.03			277,828.73		612		78.38			7.631
8.001—9.000		330		85,270,460.15		30.11			258,395.33		587		78.42			8.627
9.001—10.000		394		85,087,494.16		30.05			215,958.11		568		79.42			9.546
10.001—11.000		164		34,614,483.99		12.22			211,063.93		564		78.00			10.432
11.001—12.000		29		5,347,057.23		1.89			184,381.28		542		75.72			11.445
12.001 >=		4		674,362.59		0.24			168,590.65		559		77.06			12.267
Total:		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Initial Rate Adjustment Date

Initial Interest Rate Adjustment Date	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
2008-12-01		2	$	328,575.92		0.12	%	$	164,287.96		533		60.20	%		9.882	%
2009-01-01		10		1,626,285.39		0.57			162,628.54		597		83.68			8.865
2009-02-01		16		3,065,331.15		1.08			191,583.20		583		80.39			8.685
2009-03-01		77		16,905,059.11		5.97			219,546.22		600		78.98			8.488
2009-04-01		76		16,610,635.06		5.87			218,560.99		574		80.35			8.938
2009-05-01		845		209,960,362.53		74.15			248,473.80		582		78.23			9.032
2009-12-01		1		240,124.90		0.08			240,124.90		653		80.00			7.125
2010-02-01		3		708,192.29		0.25			236,064.10		643		75.71			7.861
2010-03-01		73		15,550,126.89		5.49			213,015.44		617		80.68			7.618
2010-04-01		35		7,060,356.24		2.49			201,724.46		598		77.29			7.994
2010-05-01		33		9,094,219.98		3.21			275,582.42		587		77.52			8.642
2012-03-01		4		1,033,226.85		0.36			258,306.71		703		67.71			6.880
2012-04-01		1		253,212.88		0.09			253,212.88		680		94.98			7.375
2012-05-01		4		737,656.67		0.26			184,414.17		589		71.31			9.747
Total:		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%

Distribution by Lien Type

Lien Type	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
1		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%
Total:		1,180	$	283,173,365.86		100.00	%	$	239,977.43		586		78.47	%		8.862	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Fixed Rate Collateral)


Collateral Summary

Statistics for the Mortgage Loans listed below are based on the Cut-off Date scheduled balances.

Scheduled Prinicpal Balance:	$	103,148,871.76
Number of Mortgage Loans:		565
Average Scheduled Principal Balance:	$	182,564.37
Weighted Average Gross Coupon:		8.568%
Weighted Average Original Credit Score:		607
Weighted Average Original LTV Ratio¹:		77.57%
Weighted Average Combined Original LTV Ratio¹:		77.76%
Weighted Average Stated Remaining Term (months):		353
Weighted Average Original Term (months) :		355
Interest Only Loans:		3.15%
Silent Seconds:		1.08%

(1)

The original loan-to-value (“OLTV”) of a first-lien mortgage is a fraction, expressed as a percentage, the numerator of which is the principal balance of the Mortgage Loan at the date of origination and the denominator of which is the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan. The OLTV of a second lien Mortgage Loan is a fraction, expressed as a percentage the numerator of which is (i) the sum of (a) the principal balance of such Mortgage Loan at the date of origination plus (b) the outstanding balance of the senior mortgage loan at the date of origination of such Mortgage Loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan.

The combined original loan-to-value (“CLTV”) of a mortgage is a fraction, expressed as a percentage, the numerator of which is (i) the sum of (a) the principal balance of such Mortgage Loan at the date of origination plus (b) either (x) for junior lien Mortgage Loans the outstanding balance of the senior lien mortgage loan at the date of origination of such Mortgage Loan, or (y) for first-lien Mortgage Loans the outstanding balance of any junior lien mortgage loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan.

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Fixed Rate Collateral)

Distribution by Product Type

Product Type	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
10 FIXED		1	$	133,424.82		0.13	%	$	133,424.82		696		54.00	%		6.875	%
15 FIXED		16		2,171,509.20		2.11			135,719.33		598		62.27			8.278
20 FIXED		3		599,179.38		0.58			199,726.46		648		65.71			6.921
25 FIXED		8		794,624.78		0.77			99,328.10		621		71.78			7.848
30 Fixed 10YR-IO		2		695,998.58		0.67			347,999.29		621		72.80			9.225
30 FIXED		369		59,955,471.91		58.13			162,480.95		607		76.97			8.641
30 FIXED 5YR-IO		8		2,554,000.00		2.48			319,250.00		642		86.69			8.019
30 FIXED Recast		1		322,567.51		0.31			322,567.51		585		95.00			7.500
40/30 FIXED		114		24,926,545.38		24.17			218,653.91		592		79.18			8.907
50/30 FIXED		43		10,995,550.20		10.66			255,710.47		636		79.25			7.740
Total:		565	$	103,148,871.76		100.00	%	$	182,564.37		607		77.57	%		8.568	%

Distribution by Current Gross Mortgage Rate

Current Gross Mortgage Rate (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.501—6.000		4	$	631,582.79		0.61	%	$	157,895.70		693		69.96	%		5.907	%
6.001—6.500		18		4,204,138.82		4.08			233,563.27		701		73.33			6.377
6.501—7.000		65		14,606,046.64		14.16			224,708.41		672		75.35			6.808
7.001—7.500		37		9,353,298.38		9.07			252,791.85		629		77.13			7.362
7.501—8.000		54		10,898,717.90		10.57			201,828.11		624		75.18			7.821
8.001—8.500		61		12,407,630.37		12.03			203,403.78		606		76.79			8.305
8.501—9.000		83		14,923,637.29		14.47			179,802.86		592		76.64			8.780
9.001—9.500		41		8,986,700.92		8.71			219,187.83		576		81.08			9.294
9.501—10.000		73		10,778,143.01		10.45			147,645.79		568		80.32			9.804
10.001—10.500		50		8,290,709.09		8.04			165,814.18		549		80.62			10.287
10.501—11.000		30		3,704,478.08		3.59			123,482.60		557		76.60			10.766
11.001—11.500		15		1,722,938.25		1.67			114,862.55		545		78.69			11.299
11.501—12.000		14		1,509,539.00		1.46			107,824.21		566		81.14			11.758
12.001—12.500		20		1,131,311.22		1.10			56,565.56		626		93.99			12.438
Total:		565	$	103,148,871.76		100.00	%	$	182,564.37		607		77.57	%		8.568	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Fixed Rate Collateral)

Distribution by Original Principal Balance

Original Mortgage Loan Balance ($)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0.01—50,000.00		17	$	722,667.57		0.70	%	$	42,509.86		613		82.94	%		11.212	%
50,000.01—100,000.00		103		7,785,353.27		7.55			75,585.95		591		73.42			9.943
100,000.01—150,000.00		151		18,777,378.66		18.20			124,353.50		601		76.55			8.859
150,000.01—200,000.00		97		16,663,604.91		16.15			171,789.74		601		75.71			8.664
200,000.01—250,000.00		84		18,644,523.90		18.08			221,958.62		614		76.49			8.162
250,000.01—300,000.00		49		13,319,181.43		12.91			271,820.03		598		76.90			8.554
300,000.01—350,000.00		15		4,820,750.74		4.67			321,383.38		630		82.37			7.788
350,000.01—400,000.00		22		8,078,659.88		7.83			367,211.81		606		77.30			8.192
400,000.01—450,000.00		8		3,396,961.84		3.29			424,620.23		624		81.74			8.473
450,000.01—500,000.00		2		933,501.09		0.91			466,750.55		605		86.90			8.172
500,000.01—550,000.00		9		4,755,290.03		4.61			528,365.56		617		82.90			7.947
550,000.01—600,000.00		2		1,180,000.00		1.14			590,000.00		636		84.86			9.173
600,000.01—650,000.00		2		1,263,606.64		1.23			631,803.32		660		82.42			7.583
650,000.01—700,000.00		3		2,019,412.25		1.96			673,137.42		627		84.47			7.896
750,000.01—800,000.00		1		787,979.55		0.76			787,979.55		595		90.00			9.115
Total:		565	$	103,148,871.76		100.00	%	$	182,564.37		607		77.57	%		8.568	%

Distribution by Current Unpaid Principal Balance

Current Unpaid Principal Balance ($)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0.01—50,000.00		17	$	722,667.57		0.70	%	$	42,509.86		613		82.94	%		11.212	%
50,000.01—100,000.00		106		8,085,160.52		7.84			76,275.10		590		73.44			9.878
100,000.01—150,000.00		148		18,477,571.41		17.91			124,848.46		602		76.59			8.870
150,000.01—200,000.00		98		16,863,441.96		16.35			172,075.94		601		75.40			8.644
200,000.01—250,000.00		83		18,444,686.85		17.88			222,225.14		614		76.78			8.175
250,000.01—300,000.00		49		13,319,181.43		12.91			271,820.03		598		76.90			8.554
300,000.01—350,000.00		16		5,170,704.09		5.01			323,169.01		624		80.92			7.971
350,000.01—400,000.00		21		7,728,706.53		7.49			368,033.64		609		78.05			8.088
400,000.01—450,000.00		8		3,396,961.84		3.29			424,620.23		624		81.74			8.473
450,000.01—500,000.00		2		933,501.09		0.91			466,750.55		605		86.90			8.172
500,000.01—550,000.00		9		4,755,290.03		4.61			528,365.56		617		82.90			7.947
550,000.01—600,000.00		2		1,180,000.00		1.14			590,000.00		636		84.86			9.173
600,000.01—650,000.00		2		1,263,606.64		1.23			631,803.32		660		82.42			7.583
650,000.01—700,000.00		3		2,019,412.25		1.96			673,137.42		627		84.47			7.896
750,000.01—800,000.00		1		787,979.55		0.76			787,979.55		595		90.00			9.115
Total:		565	$	103,148,871.76		100.00	%	$	182,564.37		607		77.57	%		8.568	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Fixed Rate Collateral)

Distribution by Remaining Term to Maturity

Remaining Term (months)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
61—120		1	$	133,424.82		0.13	%	$	133,424.82		696		54.00	%		6.875	%
121—180		16		2,171,509.20		2.11			135,719.33		598		62.27			8.278
181—240		3		599,179.38		0.58			199,726.46		648		65.71			6.921
241—300		8		794,624.78		0.77			99,328.10		621		71.78			7.848
301—360		537		99,450,133.58		96.41			185,195.78		607		78.05			8.592
Total:		565	$	103,148,871.76		100.00	%	$	182,564.37		607		77.57	%		8.568	%

Distribution by Original Term to Maturity

Original Term (months)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
61—120		1	$	133,424.82		0.13	%	$	133,424.82		696		54.00	%		6.875	%
121—180		16		2,171,509.20		2.11			135,719.33		598		62.27			8.278
181—240		3		599,179.38		0.58			199,726.46		648		65.71			6.921
241—300		8		794,624.78		0.77			99,328.10		621		71.78			7.848
301—360		537		99,450,133.58		96.41			185,195.78		607		78.05			8.592
Total:		565	$	103,148,871.76		100.00	%	$	182,564.37		607		77.57	%		8.568	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Fixed Rate Collateral)

Distribution by Original Loan-to-Value Ratio

Original Loan-to-Value Ratio (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
15.01��20.00		1	$	64,958.55		0.06	%	$	64,958.55		673		20.00	%		8.250	%
20.01—25.00		3		260,604.12		0.25			86,868.04		563		21.87			9.324
25.01—30.00		1		171,400.30		0.17			171,400.30		693		27.89			8.700
30.01—35.00		4		426,880.86		0.41			106,720.22		620		33.05			8.747
35.01—40.00		7		1,007,769.73		0.98			143,967.10		592		36.77			8.734
40.01—45.00		7		929,820.81		0.90			132,831.54		575		42.10			8.531
45.01—50.00		20		2,904,226.62		2.82			145,211.33		596		48.40			8.212
50.01—55.00		18		3,102,295.91		3.01			172,349.77		617		52.71			7.828
55.01—60.00		20		3,430,642.53		3.33			171,532.13		617		57.36			7.884
60.01—65.00		33		6,134,070.08		5.95			185,880.91		625		63.09			7.933
65.01—70.00		38		6,456,218.16		6.26			169,900.48		607		68.64			8.289
70.01—75.00		65		11,725,912.67		11.37			180,398.66		593		73.97			8.465
75.01—80.00		99		18,551,995.88		17.99			187,393.90		595		79.40			8.777
80.01—85.00		96		19,492,820.89		18.90			203,050.22		596		84.56			8.755
85.01—90.00		116		24,637,947.52		23.89			212,396.10		621		89.65			8.627
90.01—95.00		17		2,698,523.90		2.62			158,736.70		640		94.68			8.335
95.01—100.00		20		1,152,783.23		1.12			57,639.16		663		99.97			11.904
Total:		565	$	103,148,871.76		100.00	%	$	182,564.37		607		77.57	%		8.568	%

Distribution by Combined Original Loan-to-Value Ratio

Combined Original Loan-to-Value Ratio (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
15.01—20.00		1	$	64,958.55		0.06	%	$	64,958.55		673		20.00	%		8.250	%
20.01—25.00		3		260,604.12		0.25			86,868.04		563		21.87			9.324
25.01—30.00		1		171,400.30		0.17			171,400.30		693		27.89			8.700
30.01—35.00		4		426,880.86		0.41			106,720.22		620		33.05			8.747
35.01—40.00		7		1,007,769.73		0.98			143,967.10		592		36.77			8.734
40.01—45.00		7		929,820.81		0.90			132,831.54		575		42.10			8.531
45.01—50.00		20		2,904,226.62		2.82			145,211.33		596		48.40			8.212
50.01—55.00		17		2,990,624.36		2.90			175,919.08		620		52.64			7.793
55.01—60.00		20		3,430,642.53		3.33			171,532.13		617		57.36			7.884
60.01—65.00		33		6,134,070.08		5.95			185,880.91		625		63.09			7.933
65.01—70.00		38		6,360,977.97		6.17			167,394.16		602		68.49			8.352
70.01—75.00		65		11,725,912.67		11.37			180,398.66		593		73.97			8.465
75.01—80.00		95		17,960,317.05		17.41			189,055.97		595		79.21			8.800
80.01—85.00		96		19,492,820.89		18.90			203,050.22		596		84.56			8.755
85.01—90.00		116		24,637,947.52		23.89			212,396.10		621		89.65			8.627
90.01—95.00		17		2,698,523.90		2.62			158,736.70		640		94.68			8.335
95.01—100.00		25		1,951,373.80		1.89			78,054.95		656		91.79			10.177
Total:		565	$	103,148,871.76		100.00	%	$	182,564.37		607		77.57	%		8.568	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Fixed Rate Collateral)

Distribution by State

State	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
CA		65	$	18,625,808.87		18.06	%	$	286,550.91		620		73.27	%		8.184	%
FL		101		16,344,320.46		15.85			161,824.96		601		75.85			8.731
NY		27		7,088,759.35		6.87			262,546.64		604		78.15			8.450
MD		28		6,018,981.33		5.84			214,963.62		597		76.00			8.709
VA		34		5,270,428.61		5.11			155,012.61		598		76.73			8.546
IL		27		5,049,542.05		4.90			187,020.08		582		81.15			9.381
WA		19		3,848,876.31		3.73			202,572.44		603		78.47			8.661
AZ		19		3,820,183.16		3.70			201,062.27		623		80.20			8.183
MA		14		3,367,922.84		3.27			240,565.92		645		78.09			7.247
CT		19		3,271,694.48		3.17			172,194.45		594		74.73			8.437
TX		23		3,005,865.68		2.91			130,689.81		587		83.63			9.270
NV		11		2,834,651.35		2.75			257,695.58		668		77.81			7.106
GA		23		2,718,101.76		2.64			118,178.34		579		80.91			10.272
PA		15		2,068,925.13		2.01			137,928.34		571		79.31			9.068
MN		9		1,664,994.21		1.61			184,999.36		640		85.13			7.762
Other		131		18,149,816.17		17.60			138,548.22		606		80.31			8.800
Total:		565	$	103,148,871.76		100.00	%	$	182,564.37		607		77.57	%		8.568	%

Distribution by Occupancy Type

Occupancy	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Investment Property		11	$	1,994,134.06		1.93	%	$	181,284.91		639		72.35	%		8.728	%
Owner Occupied		551		100,542,792.96		97.47			182,473.31		607		77.79			8.564
Second Home		3		611,944.74		0.59			203,981.58		604		59.26			8.729
Total:		565	$	103,148,871.76		100.00	%	$	182,564.37		607		77.57	%		8.568	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Fixed Rate Collateral)

Distribution by Property Type

Property Type	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Single Family		519	$	94,466,866.33		91.58	%	$	182,017.08		606		77.52	%		8.570	%
PUD		25		4,769,966.15		4.62			190,798.65		639		80.84			8.017
2-4 Family		14		3,362,972.93		3.26			240,212.35		598		74.77			9.133
Condominium		5		371,304.97		0.36			74,260.99		620		74.36			9.018
Townhouse		2		177,761.38		0.17			88,880.69		543		77.79			10.742
Total:		565	$	103,148,871.76		100.00	%	$	182,564.37		607		77.57	%		8.568	%

Distribution by Loan Purpose

Loan Purpose	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Cash Out		449	$	84,659,550.03		82.08	%	$	188,551.34		609		76.93	%		8.508	%
Rate/Term		96		15,437,984.39		14.97			160,812.34		600		80.08			8.823
Purchase		20		3,051,337.34		2.96			152,566.87		609		82.78			8.951
Total:		565	$	103,148,871.76		100.00	%	$	182,564.37		607		77.57	%		8.568	%

Distribution by Documentation Type

Documentation Type	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Full/Alt Documentation		474	$	85,793,964.89		83.17	%	$	180,999.93		607		78.20	%		8.414	%
Lite Documentation		1		219,445.06		0.21			219,445.06		651		80.00			6.900
Stated Documentation		90		17,135,461.81		16.61			190,394.02		608		74.41			9.361
Total:		565	$	103,148,871.76		100.00	%	$	182,564.37		607		77.57	%		8.568	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Fixed Rate Collateral)

Distribution by Credit Score

Credit Score Range	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
476—500		2	$	394,890.42		0.38	%	$	197,445.21		500		75.57	%		10.120	%
501—525		45		6,559,493.41		6.36			145,766.52		515		75.62			10.272
526—550		70		12,118,874.64		11.75			173,126.78		538		75.12			9.651
551—575		75		13,637,643.95		13.22			181,835.25		561		77.38			9.359
576—600		79		14,741,125.79		14.29			186,596.53		589		78.96			8.725
601—625		101		17,618,765.51		17.08			174,443.22		611		78.36			8.607
626—650		74		15,092,798.51		14.63			203,956.74		637		77.45			7.937
651—675		60		10,787,251.80		10.46			179,787.53		663		80.19			7.706
676—700		25		5,319,442.35		5.16			212,777.69		689		75.21			7.091
701—725		16		3,418,818.50		3.31			213,676.16		712		73.95			6.955
726—750		9		1,646,500.80		1.60			182,944.53		734		78.82			6.734
751—775		7		1,503,819.35		1.46			214,831.34		755		85.44			6.741
776—800		1		129,971.74		0.13			129,971.74		776		52.00			6.540
801—825		1		179,474.99		0.17			179,474.99		809		75.00			6.150
Total:		565	$	103,148,871.76		100.00	%	$	182,564.37		607		77.57	%		8.568	%

Distribution by Original Prepayment Penalty Term

Prepayment Penalty Terms (months)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0		132	$	20,695,829.69		20.06	%	$	156,786.59		589		79.19	%		9.296	%
12		30		7,368,385.81		7.14			245,612.86		596		75.65			8.531
24		10		1,820,298.80		1.76			182,029.88		589		82.97			9.231
36		393		73,264,357.46		71.03			186,423.30		614		77.17			8.350
Total:		565	$	103,148,871.76		100.00	%	$	182,564.37		607		77.57	%		8.568	%

Distribution by Lien Type

Lien Type	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
1		541	$	101,881,443.12		98.77	%	$	188,320.60		607		77.31	%		8.525	%
2		24		1,267,428.64		1.23			52,809.53		662		98.90			12.048
Total:		565	$	103,148,871.76		100.00	%	$	182,564.37		607		77.57	%		8.568	%

Carrington Mortgage Loan Trust, Series 2007-HE1

Asset Backed Pass-Through Certificates

$361,018,000 (approximate)

June 25, 2007

The Mortgage Loans (Balloon Collateral)


Collateral Summary

Statistics for the Mortgage Loans listed below are based on the Cut-off Date scheduled balances.

Scheduled Principal Balance:	$	178,145,093.86
Number of Mortgage Loans:		706
Average Scheduled Principal Balance:	$	252,330.16
Weighted Average Gross Coupon:		8.668%
Weighted Average Original Credit Score:		591
Weighted Average Original LTV Ratio²:		79.49
Weighted Average Combined Original LTV Ratio²:		79.67%
Weighted Average Stated Remaining Term (months):		359
Weighted Average Original Term (months):		360
Weighted Average Original Roll Term¹ (months):		26
Weighted Average Gross Margin¹:		5.741%
Weighted Average Initial Rate Cap¹:		1.500%
Weighted Average Periodic Rate Cap¹:		1.015%
Interest Only Loans:		0.00%
Silent Seconds:		0.93%

(1)	Includes adjustable-rate Mortgage Loans only.

(2)

Carrington Mortgage Loan Trust, Series 2007-HE1		$361,018,000 (approximate)
*Asset Backed Pass-Through Certificates*		*June 25, 2007*

The Mortgage Loans (Balloon Collateral)

Distribution by Product Type

Product Type	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
40/30 2YR-ARM		389	$	100,816,787.62		56.59	%	$	259,169.12		583		79.62	%		8.921	%
40/30 3YR-ARM		31		7,775,286.47		4.36			250,815.69		578		75.30			8.215
40/30 5YR-ARM		1		361,498.31		0.20			361,498.31		735		59.83			6.325
40/30 FIXED		114		24,926,545.38		13.99			218,653.91		592		79.18			8.907
50/30 2YR-ARM		84		23,487,979.03		13.18			279,618.80		597		80.58			8.482
50/30 3YR-ARM		41		8,955,645.37		5.03			218,430.37		609		81.23			7.397
50/30 5YR-ARM		3		825,801.48		0.46			275,267.16		658		74.74			7.366
50/30 FIXED		43		10,995,550.20		6.17			255,710.47		636		79.25			7.740
Total:		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%

Distribution by Current Gross Mortgage Rate

Current Gross Mortgage Rate (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.501—6.000		2	$	402,945.82		0.23	%	$	201,472.91		717		56.44	%		5.724	%
6.001—6.500		16		4,131,841.17		2.32			258,240.07		647		73.18			6.240
6.501—7.000		42		10,524,115.44		5.91			250,574.18		649		74.95			6.779
7.001—7.500		57		16,714,754.35		9.38			293,241.30		610		76.98			7.351
7.501—8.000		84		23,527,302.71		13.21			280,086.94		617		79.00			7.804
8.001—8.500		79		18,840,000.01		10.58			238,481.01		599		79.11			8.314
8.501—9.000		142		35,538,454.00		19.95			250,270.80		579		80.16			8.807
9.001—9.500		103		27,439,410.95		15.40			266,402.05		573		81.71			9.294
9.501—10.000		104		23,588,268.46		13.24			226,810.27		568		80.79			9.772
10.001—10.500		44		10,556,158.48		5.93			239,912.69		562		80.27			10.241
10.501—11.000		22		4,955,063.00		2.78			225,230.14		559		82.20			10.741
11.001—11.500		7		1,452,758.29		0.82			207,536.90		573		84.97			11.238
11.501—12.000		4		474,021.18		0.27			118,505.30		558		77.82			11.716
Total:		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%

Carrington Mortgage Loan Trust, Series 2007-HE1		$361,018,000 (approximate)
*Asset Backed Pass-Through Certificates*		*June 25, 2007*

The Mortgage Loans (Balloon Collateral)

Distribution by Original Principal Balance

Original Mortgage Loan Balance ($)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
50,000.01—100,000.00		36	$	2,998,977.52		1.68	%	$	83,304.93		565		70.25	%		9.523	%
100,000.01—150,000.00		109		13,825,109.22		7.76			126,835.86		583		75.80			8.902
150,000.01—200,000.00		144		25,003,309.47		14.04			173,634.09		579		77.38			8.872
200,000.01—250,000.00		135		30,131,215.04		16.91			223,194.19		591		77.49			8.531
250,000.01—300,000.00		95		26,064,668.14		14.63			274,364.93		588		79.79			8.615
300,000.01—350,000.00		51		16,450,668.02		9.23			322,562.12		595		79.10			8.472
350,000.01—400,000.00		50		18,828,056.91		10.57			376,561.14		594		79.62			8.509
400,000.01—450,000.00		23		9,699,338.11		5.44			421,710.35		597		81.12			8.526
450,000.01—500,000.00		19		9,117,214.38		5.12			479,853.39		582		81.98			9.067
500,000.01—550,000.00		14		7,375,297.14		4.14			526,806.94		594		86.84			8.752
550,000.01—600,000.00		11		6,246,280.44		3.51			567,843.68		615		86.82			8.505
600,000.01—650,000.00		12		7,513,597.03		4.22			626,133.09		629		85.08			8.551
650,000.01—700,000.00		4		2,692,105.68		1.51			673,026.42		598		83.77			8.889
700,000.01—750,000.00		2		1,407,521.31		0.79			703,760.66		592		87.51			8.864
750,000.01—800,000.00		1		791,735.45		0.44			791,735.45		582		60.92			7.465
Total:		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%

Distribution by Current Unpaid Principal Balance

Current Unpaid Principal Balance ($)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
50,000.01—100,000.00		36	$	2,998,977.52		1.68	%	$	83,304.93		565		70.25	%		9.523	%
100,000.01—150,000.00		109		13,825,109.22		7.76			126,835.86		583		75.80			8.902
150,000.01—200,000.00		147		25,601,801.01		14.37			174,161.91		580		76.48			8.862
200,000.01—250,000.00		132		29,532,723.50		16.58			223,732.75		590		78.28			8.533
250,000.01—300,000.00		95		26,064,668.14		14.63			274,364.93		588		79.79			8.615
300,000.01—350,000.00		52		16,800,621.37		9.43			323,088.87		594		78.72			8.514
350,000.01—400,000.00		49		18,478,103.56		10.37			377,104.15		595		79.97			8.471
400,000.01—450,000.00		23		9,699,338.11		5.44			421,710.35		597		81.12			8.526
450,000.01—500,000.00		19		9,117,214.38		5.12			479,853.39		582		81.98			9.067
500,000.01—550,000.00		14		7,375,297.14		4.14			526,806.94		594		86.84			8.752
550,000.01—600,000.00		11		6,246,280.44		3.51			567,843.68		615		86.82			8.505
600,000.01—650,000.00		12		7,513,597.03		4.22			626,133.09		629		85.08			8.551
650,000.01—700,000.00		4		2,692,105.68		1.51			673,026.42		598		83.77			8.889
700,000.01—750,000.00		2		1,407,521.31		0.79			703,760.66		592		87.51			8.864
750,000.01—800,000.00		1		791,735.45		0.44			791,735.45		582		60.92			7.465
Total:		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%

Carrington Mortgage Loan Trust, Series 2007-HE1		$361,018,000 (approximate)
*Asset Backed Pass-Through Certificates*		*June 25, 2007*

The Mortgage Loans (Balloon Collateral)

Distribution by Remaining Term to Maturity

Remaining Term (months)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
301—360		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%
Total:		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%

Distribution by Original Term to Maturity

Original Term (months)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
301—360		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%
Total:		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%

Distribution by Original Loan-to-Value Ratio

Original Loan-to-Value Ratio (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
15.01—20.00		1	$	198,554.41		0.11	%	$	198,554.41		620		18.18	%		7.990	%
20.01—25.00		1		99,978.25		0.06			99,978.25		556		22.22			8.940
25.01—30.00		2		267,895.55		0.15			133,947.78		582		29.47			8.649
30.01—35.00		2		289,936.32		0.16			144,968.16		587		33.72			8.908
35.01—40.00		7		1,415,697.42		0.79			202,242.49		577		37.76			8.241
40.01—45.00		9		1,560,328.76		0.88			173,369.86		597		43.16			8.573
45.01—50.00		9		1,323,015.87		0.74			147,001.76		584		48.15			8.457
50.01—55.00		21		4,254,707.78		2.39			202,605.13		599		52.33			8.275
55.01—60.00		19		3,801,389.81		2.13			200,073.15		598		57.71			7.729
60.01—65.00		39		9,135,645.62		5.13			234,247.32		584		63.49			8.340
65.01—70.00		42		10,265,586.09		5.76			244,418.72		584		68.82			8.252
70.01—75.00		87		20,969,517.75		11.77			241,028.94		584		74.22			8.765
75.01—80.00		131		32,912,238.89		18.47			251,238.46		578		79.50			8.712
80.01—85.00		141		36,769,174.61		20.64			260,774.29		586		84.56			8.727
85.01—90.00		183		51,828,398.59		29.09			283,215.29		604		89.74			8.861
90.01—95.00		11		2,823,213.22		1.58			256,655.75		651		94.94			8.009
95.01—100.00		1		229,814.92		0.13			229,814.92		676		100.00			8.250
Total:		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%

Carrington Mortgage Loan Trust, Series 2007-HE1		$361,018,000 (approximate)
*Asset Backed Pass-Through Certificates*		*June 25, 2007*

The Mortgage Loans (Balloon Collateral)

Distribution by Combined Original Loan-to-Value Ratio

Combined Original Loan-to-Value Ratio (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
15.01—20.00		1	$	198,554.41		0.11	%	$	198,554.41		620		18.18	%		7.990	%
20.01—25.00		1		99,978.25		0.06			99,978.25		556		22.22			8.940
25.01—30.00		2		267,895.55		0.15			133,947.78		582		29.47			8.649
30.01—35.00		2		289,936.32		0.16			144,968.16		587		33.72			8.908
35.01—40.00		5		1,065,501.35		0.60			213,100.27		585		38.24			8.351
40.01—45.00		10		1,710,545.97		0.96			171,054.60		591		42.55			8.463
45.01—50.00		9		1,323,015.87		0.74			147,001.76		584		48.15			8.457
50.01—55.00		21		4,254,707.78		2.39			202,605.13		599		52.33			8.275
55.01—60.00		19		3,801,389.81		2.13			200,073.15		598		57.71			7.729
60.01—65.00		39		9,135,645.62		5.13			234,247.32		584		63.49			8.340
65.01—70.00		41		10,058,674.35		5.65			245,333.52		582		68.88			8.286
70.01—75.00		87		20,969,517.75		11.77			241,028.94		584		74.22			8.765
75.01—80.00		127		32,027,707.36		17.98			252,186.67		577		79.40			8.730
80.01—85.00		142		36,885,115.64		20.71			259,754.34		585		84.55			8.730
85.01—90.00		184		52,028,377.45		29.21			282,762.92		604		89.54			8.859
90.01—95.00		12		3,175,121.60		1.78			264,593.47		646		93.29			8.000
95.01—100.00		4		853,408.78		0.48			213,352.20		654		85.39			7.569
Total:		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%

Distribution by State

State	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
CA		175	$	58,187,086.69		32.66	%	$	332,497.64		592		76.04	%		8.567	%
FL		133		29,160,898.80		16.37			219,254.88		592		81.12			8.668
IL		52		11,546,176.22		6.48			222,041.85		589		82.54			9.094
AZ		47		10,039,135.91		5.64			213,598.64		593		82.49			8.485
MD		39		9,558,217.65		5.37			245,082.50		579		79.31			8.773
NJ		21		7,384,220.69		4.15			351,629.56		613		84.13			9.192
VA		32		6,695,070.10		3.76			209,220.94		583		82.04			8.413
NV		22		5,703,536.17		3.20			259,251.64		625		79.60			7.413
NY		16		4,823,669.93		2.71			301,479.37		592		77.98			8.643
MN		18		3,931,926.40		2.21			218,440.36		577		82.52			9.138
WA		18		3,841,595.93		2.16			213,422.00		592		76.33			8.422
MA		11		3,254,169.00		1.83			295,833.55		573		71.08			8.925
GA		14		2,733,800.51		1.53			195,271.47		571		85.79			9.532
CT		12		2,641,391.43		1.48			220,115.95		582		78.18			8.820
PA		12		2,249,694.85		1.26			187,474.57		559		80.95			9.267
Other		84		16,394,503.58		9.20			195,172.66		590		82.90			8.737
Total:		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%

Carrington Mortgage Loan Trust, Series 2007-HE1		$361,018,000 (approximate)
*Asset Backed Pass-Through Certificates*		*June 25, 2007*

The Mortgage Loans (Balloon Collateral)

Distribution by Occupancy Type

Occupancy	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Investment Property		18	$	3,207,214.68		1.80	%	$	178,178.59		614		74.07	%		9.258	%
Owner Occupied		683		173,723,472.19		97.52			254,353.55		590		79.60			8.658
Second Home		5		1,214,406.99		0.68			242,881.40		637		78.02			8.605
Total:		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%

Distribution by Property Type

Property Type	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Single Family		630	$	157,072,793.63		88.17	%	$	249,321.89		589		79.51	%		8.698	%
PUD		42		10,982,392.18		6.16			261,485.53		614		80.56			8.087
2-4 Family		24		8,146,616.16		4.57			339,442.34		602		79.44			8.855
Condominium		7		1,608,106.80		0.90			229,729.54		593		71.39			8.634
Townhouse		3		335,185.09		0.19			111,728.36		581		74.12			9.400
Total:		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%

Distribution by Loan Purpose

Loan Purpose	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Cash Out		606	$	152,942,953.91		85.85	%	$	252,381.11		590		79.09	%		8.678	%
Rate/Term		76		18,011,290.57		10.11			236,990.67		587		80.91			8.582
Purchase		24		7,190,849.38		4.04			299,618.72		619		84.47			8.682
Total:		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%

Carrington Mortgage Loan Trust, Series 2007-HE1		$361,018,000 (approximate)
*Asset Backed Pass-Through Certificates*		*June 25, 2007*

The Mortgage Loans (Balloon Collateral)

Distribution by Documentation Type

Documentation Type	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Full/Alt Documentation		509	$	121,259,484.81		68.07	%	$	238,230.81		586		79.98	%		8.437	%
Limited Documentation		5		829,211.35		0.47			165,842.27		614		78.75			8.654
Lite Documentation		3		1,181,437.15		0.66			393,812.38		560		70.24			8.193
Stated Documentation		189		54,874,960.55		30.80			290,343.71		602		78.63			9.190
Total:		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%

Distribution by Credit Score

Credit Score Range	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
476—500		2	$	366,202.46		0.21	%	$	183,101.23		500		74.01	%		10.704	%
501—525		64		13,249,403.54		7.44			207,021.93		517		76.20			9.448
526—550		115		25,672,455.65		14.41			223,238.74		537		74.96			9.031
551—575		124		31,589,504.24		17.73			254,754.07		561		81.00			9.274
576—600		127		34,174,054.97		19.18			269,087.05		589		79.45			8.683
601—625		145		37,825,170.49		21.23			260,863.24		612		81.99			8.496
626—650		61		16,127,724.09		9.05			264,388.92		637		81.08			7.998
651—675		32		9,164,010.58		5.14			286,375.33		661		81.47			7.689
676—700		16		4,182,326.34		2.35			261,395.40		686		78.98			7.398
701—725		10		2,892,647.76		1.62			289,264.78		708		79.40			7.431
726—750		4		1,385,672.45		0.78			346,418.11		739		70.36			6.800
751—775		4		833,625.86		0.47			208,406.47		759		71.55			7.027
776—800		2		682,295.43		0.38			341,147.72		795		78.71			7.418
Total:		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%

Distribution by Original Prepayment Penalty Term

Prepayment Penalty Terms (months)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0		172	$	42,110,037.90		23.64	%	$	244,825.80		587		81.44	%		9.093	%
6		1		463,449.35		0.26			463,449.35		603		90.00			11.200
12		34		9,995,665.15		5.61			293,990.15		592		75.90			8.978
24		336		87,099,621.70		48.89			259,225.06		584		79.30			8.712
36		163		38,476,319.76		21.60			236,051.04		611		78.60			7.996
Total:		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%

Carrington Mortgage Loan Trust, Series 2007-HE1		$361,018,000 (approximate)
*Asset Backed Pass-Through Certificates*		*June 25, 2007*

The Mortgage Loans (Balloon Collateral)

Distribution by Initial Interest Rate Cap

Initial Cap (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Loans		157	$	35,922,095.58		20.16	%	$	228,803.16		605		79.20	%		8.550	%
1.500		549		142,222,998.28		79.84			259,058.28		587		79.57			8.698
Total:		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%

Distribution by Periodic Interest Rate Cap

Periodic Cap (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Loans		157	$	35,922,095.58		20.16	%	$	228,803.16		605		79.20	%		8.550	%
1.000		529		137,888,489.66		77.40			260,658.77		588		79.63			8.699
1.500		20		4,334,508.62		2.43			216,725.43		563		77.62			8.685
Total:		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%

Distribution by Gross Margin

ARM Margin (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Loans		157	$	35,922,095.58		20.16	%	$	228,803.16		605		79.20	%		8.550	%
3.001—4.000		2		402,945.82		0.23			201,472.91		717		56.44			5.724
4.001—5.000		28		6,812,192.92		3.82			243,292.60		629		78.26			6.648
5.001—6.000		413		111,881,562.76		62.80			270,899.67		589		80.80			8.754
6.001—7.000		93		20,750,998.41		11.65			223,129.02		564		73.77			9.051
7.001—8.000		13		2,375,298.37		1.33			182,715.26		566		79.60			9.385
Total:		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%

Carrington Mortgage Loan Trust, Series 2007-HE1		$361,018,000 (approximate)
*Asset Backed Pass-Through Certificates*		*June 25, 2007*

The Mortgage Loans (Balloon Collateral)

Distribution by Maximum Mortgage Rate

Maximum Mortgage Rate (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Loans		157	$	35,922,095.58		20.16	%	$	228,803.16		605		79.20	%		8.550	%
11.001—12.000		2		402,945.82		0.23			201,472.91		717		56.44			5.724
12.001—13.000		37		9,824,576.66		5.51			265,529.10		627		76.35			6.674
13.001—14.000		109		30,924,924.54		17.36			283,714.90		609		78.39			7.661
14.001—15.000		170		43,721,786.98		24.54			257,186.98		584		79.45			8.626
15.001—16.000		170		43,244,621.09		24.27			254,380.12		573		81.08			9.462
16.001—17.000		54		12,643,602.85		7.10			234,140.79		562		80.65			10.267
17.001—18.000		7		1,460,540.34		0.82			208,648.62		560		81.67			11.086
Total:		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%

Distribution by Minimum Mortgage Rate

Minimum Mortgage Rate (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Loans		157	$	35,922,095.58		20.16	%	$	228,803.16		605		79.20	%		8.550	%
5.001—6.000		2		402,945.82		0.23			201,472.91		717		56.44			5.724
6.001—7.000		36		9,318,994.17		5.23			258,860.95		628		76.26			6.573
7.001—8.000		111		31,644,900.07		17.76			285,089.19		609		78.24			7.629
8.001—9.000		176		45,105,332.80		25.32			256,280.30		583		79.47			8.648
9.001—10.000		172		43,406,075.46		24.37			252,360.90		572		81.14			9.507
10.001—11.000		47		11,179,925.23		6.28			237,870.75		565		80.78			10.400
11.001—12.000		5		1,164,824.73		0.65			232,964.95		570		83.56			11.257
Total:		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%

Carrington Mortgage Loan Trust, Series 2007-HE1		$361,018,000 (approximate)
*Asset Backed Pass-Through Certificates*		*June 25, 2007*

The Mortgage Loans (Balloon Collateral)

Distribution by Initial Rate Adjustment Date

Initial Interest Rate Adjustment Date	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Loans		157	$	35,922,095.58		20.16	%	$	228,803.16		605		79.20	%		8.550	%
2008-12-01		1		195,844.16		0.11			195,844.16		512		40.00			10.650
2009-01-01		2		270,719.95		0.15			135,359.98		575		80.02			9.163
2009-02-01		7		1,280,094.32		0.72			182,870.62		557		71.32			9.126
2009-03-01		45		9,339,418.35		5.24			207,542.63		590		79.42			8.399
2009-04-01		49		11,039,831.32		6.20			225,302.68		570		80.98			8.934
2009-05-01		369		102,178,858.55		57.36			276,907.48		587		79.89			8.860
2010-02-01		1		109,909.09		0.06			109,909.09		613		52.38			9.150
2010-03-01		37		8,472,258.65		4.76			228,979.96		609		79.18			7.193
2010-04-01		21		4,398,095.71		2.47			209,433.13		589		79.52			7.966
2010-05-01		13		3,750,668.39		2.11			288,512.95		570		76.41			8.836
2012-03-01		3		963,321.03		0.54			321,107.01		713		69.72			6.656
2012-05-01		1		223,978.76		0.13			223,978.76		547		72.26			8.740
Total:		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%

Distribution by Lien Type

Lien Type	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
1		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%
Total:		706	$	178,145,093.86		100.00	%	$	252,330.16		591		79.49	%		8.668	%

Carrington Mortgage Loan Trust, Series 2007-HE1		$361,018,000 (approximate)
*Asset Backed Pass-Through Certificates*		*June 25, 2007*

The Mortgage Loans (Interest Only Collateral)


Collateral Summary

Statistics for the Mortgage Loans listed below are based on the Cut-off Date scheduled balances.

Scheduled Principal Balance:	$	33,542,439.26
Number of Mortgage Loans:		103
Average Scheduled Principal Balance:	$	325,654.75
Weighted Average Gross Coupon:		8.016%
Weighted Average Original Credit Score:		624
Weighted Average Original LTV Ratio²:		80.68%
Weighted Average Combined Original LTV Ratio²:		81.08%
Weighted Average Stated Remaining Term (months):		358
Weighted Average Original Term (months):		360
Weighted Average Original Roll Term¹ (months):		26
Weighted Average Gross Margin¹:		5.569%
Weighted Average Initial Rate Cap¹:		1.500%
Weighted Average Periodic Rate Cap¹:		1.016%
Interest Only Loans:		100.00
Silent Seconds:		2.07%

(1) Includes adjustable-rate Mortgage Loans only.

(2) The original loan-to-value (“OLTV”) of a first-lien mortgage is a fraction, expressed as a percentage, the numerator of which is the principal balance of the Mortgage Loan at the date of origination and the denominator of which is the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan. The OLTV of a second lien Mortgage Loan is a fraction, expressed as a percentage the numerator of which is (i) the sum of (a) the principal balance of such Mortgage Loan at the date of origination plus (b) the outstanding balance of the senior mortgage loan at the date of origination of such Mortgage Loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan. The combined original loan-to-value (“CLTV”) of a mortgage is a fraction, expressed as a percentage, the numerator of which is (i) the sum of (a) the principal balance of such Mortgage Loan at the date of origination plus (b) either (x) for junior lien Mortgage Loans the outstanding balance of the senior lien mortgage loan at the date of origination of such Mortgage Loan, or (y) for first-lien Mortgage Loans the outstanding balance of any junior lien mortgage loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan.

Carrington Mortgage Loan Trust, Series 2007-HE1		$361,018,000 (approximate)
*Asset Backed Pass-Through Certificates*		*June 25, 2007*

The Mortgage Loans (Interest Only Collateral)

Distribution by Product Type

Product Type	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
2YR-ARM 10YR-IO		10	$	3,204,200.00		9.55	%	$	320,420.00		626		85.56	%		8.777	%
2YR-ARM 2YR-IO		1		620,000.00		1.85			620,000.00		616		85.52			7.350
2YR-ARM 5YR-IO		64		21,149,443.26		63.05			330,460.05		619		79.68			7.988
30 Fixed 10YR-IO		2		695,998.58		2.07			347,999.29		621		72.80			9.225
30 FIXED 5YR-IO		8		2,554,000.00		7.61			319,250.00		642		86.69			8.019
3YR-ARM 10YR-IO		1		450,000.00		1.34			450,000.00		667		84.11			8.100
3YR-ARM 5YR-IO		17		4,868,797.42		14.52			286,399.85		636		78.88			7.542
Total:		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%

Distribution by Current Gross Mortgage Rate

Current Gross Mortgage Rate (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.501—6.000		3	$	530,000.00		1.58	%	$	176,666.67		709		84.35	%		5.833	%
6.001—6.500		2		883,097.42		2.63			441,548.71		642		60.76			6.391
6.501—7.000		11		3,797,799.05		11.32			345,254.46		644		78.59			6.789
7.001—7.500		14		5,641,969.21		16.82			402,997.80		625		78.21			7.349
7.501—8.000		26		6,532,268.58		19.47			251,241.10		613		79.77			7.767
8.001—8.500		16		5,465,600.00		16.29			341,600.00		620		84.32			8.288
8.501—9.000		18		6,893,800.00		20.55			382,988.89		618		83.83			8.713
9.001—9.500		6		1,781,750.00		5.31			296,958.33		626		77.00			9.360
9.501—10.000		6		1,331,905.00		3.97			221,984.17		618		84.85			9.847
10.001—10.500		1		684,250.00		2.04			684,250.00		640		85.00			10.250
Total:		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%

Carrington Mortgage Loan Trust, Series 2007-HE1		$361,018,000 (approximate)
*Asset Backed Pass-Through Certificates*		*June 25, 2007*

The Mortgage Loans (Interest Only Collateral)

Distribution by Original Principal Balance

Original Mortgage Loan Balance ($)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
100,000.01—150,000.00		10	$	1,266,148.58		3.77	%	$	126,614.86		635		69.85	%		8.112	%
150,000.01—200,000.00		12		2,088,270.00		6.23			174,022.50		632		78.55			8.145
200,000.01—250,000.00		22		4,780,350.00		14.25			217,288.64		627		78.73			7.855
250,000.01—300,000.00		15		4,167,354.05		12.42			277,823.60		627		82.48			7.899
300,000.01—350,000.00		9		2,987,297.00		8.91			331,921.89		617		75.34			8.169
350,000.01—400,000.00		9		3,413,150.00		10.18			379,238.89		622		86.04			8.220
400,000.01—450,000.00		4		1,782,000.00		5.31			445,500.00		613		84.80			7.753
450,000.01—500,000.00		7		3,343,050.00		9.97			477,578.57		613		83.21			7.932
500,000.01—550,000.00		2		1,058,270.00		3.16			529,135.00		619		86.86			7.490
550,000.01—600,000.00		5		2,889,899.63		8.62			577,979.93		626		81.03			8.189
600,000.01—650,000.00		4		2,513,500.00		7.49			628,375.00		615		78.17			7.851
650,000.01—700,000.00		2		1,361,950.00		4.06			680,975.00		628		87.49			8.877
800,000.01—850,000.00		1		841,200.00		2.51			841,200.00		692		85.00			6.990
1,000,000.01 >=		1		1,050,000.00		3.13			1,050,000.00		622		69.08			8.625
Total:		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%

Distribution by Current Unpaid Principal Balance

Current Unpaid Principal Balance ($)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
100,000.01—150,000.00		10	$	1,266,148.58		3.77	%	$	126,614.86		635		69.85	%		8.112	%
150,000.01—200,000.00		12		2,088,270.00		6.23			174,022.50		632		78.55			8.145
200,000.01—250,000.00		22		4,780,350.00		14.25			217,288.64		627		78.73			7.855
250,000.01—300,000.00		15		4,167,354.05		12.42			277,823.60		627		82.48			7.899
300,000.01—350,000.00		9		2,987,297.00		8.91			331,921.89		617		75.34			8.169
350,000.01—400,000.00		9		3,413,150.00		10.18			379,238.89		622		86.04			8.220
400,000.01—450,000.00		4		1,782,000.00		5.31			445,500.00		613		84.80			7.753
450,000.01—500,000.00		7		3,343,050.00		9.97			477,578.57		613		83.21			7.932
500,000.01—550,000.00		2		1,058,270.00		3.16			529,135.00		619		86.86			7.490
550,000.01—600,000.00		5		2,889,899.63		8.62			577,979.93		626		81.03			8.189
600,000.01—650,000.00		4		2,513,500.00		7.49			628,375.00		615		78.17			7.851
650,000.01—700,000.00		2		1,361,950.00		4.06			680,975.00		628		87.49			8.877
800,000.01—850,000.00		1		841,200.00		2.51			841,200.00		692		85.00			6.990
1,000,000.01 >=		1		1,050,000.00		3.13			1,050,000.00		622		69.08			8.625
Total:		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%

Carrington Mortgage Loan Trust, Series 2007-HE1		$361,018,000 (approximate)
*Asset Backed Pass-Through Certificates*		*June 25, 2007*

The Mortgage Loans (Interest Only Collateral)

Distribution by Remaining Term to Maturity

Remaining Term (months)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
301—360		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%
Total:		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%

Distribution by Original Term to Maturity

Original Term (months)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
301—360		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%
Total:		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%

Distribution by Original Loan-to-Value Ratio

Original Loan-to-Value Ratio (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
30.01—35.00		1	$	100,998.58		0.30	%	$	100,998.58		657		31.56	%		7.750	%
35.01—40.00		1		176,000.00		0.52			176,000.00		612		37.45			9.200
45.01—50.00		5		1,015,800.00		3.03			203,160.00		597		48.12			7.992
50.01—55.00		2		485,000.00		1.45			242,500.00		650		52.73			6.847
55.01—60.00		4		1,512,100.00		4.51			378,025.00		627		59.32			7.086
60.01—65.00		2		659,497.00		1.97			329,748.50		618		62.56			6.806
65.01—70.00		4		1,970,670.00		5.88			492,667.50		613		69.14			7.765
70.01—75.00		9		2,402,500.00		7.16			266,944.44		612		73.62			7.939
75.01—80.00		15		3,862,400.00		11.51			257,493.33		631		79.95			7.883
80.01—85.00		22		8,951,319.63		26.69			406,878.17		622		84.28			8.235
85.01—90.00		35		11,508,404.05		34.31			328,811.54		628		89.46			8.181
90.01—95.00		3		897,750.00		2.68			299,250.00		649		95.00			7.974
Total:		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%

Carrington Mortgage Loan Trust, Series 2007-HE1		$361,018,000 (approximate)
*Asset Backed Pass-Through Certificates*		*June 25, 2007*

The Mortgage Loans (Interest Only Collateral)

Distribution by Combined Original Loan-to-Value Ratio

Combined Original Loan-to-Value Ratio (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
30.01—35.00		1	$	100,998.58		0.30	%	$	100,998.58		657		31.56	%		7.750	%
35.01—40.00		1		176,000.00		0.52			176,000.00		612		37.45			9.200
45.01—50.00		5		1,015,800.00		3.03			203,160.00		597		48.12			7.992
50.01—55.00		2		485,000.00		1.45			242,500.00		650		52.73			6.847
55.01—60.00		4		1,512,100.00		4.51			378,025.00		627		59.32			7.086
60.01—65.00		2		659,497.00		1.97			329,748.50		618		62.56			6.806
65.01—70.00		4		1,970,670.00		5.88			492,667.50		613		69.14			7.765
70.01—75.00		9		2,402,500.00		7.16			266,944.44		612		73.62			7.939
75.01—80.00		11		3,168,400.00		9.45			288,036.36		626		79.94			7.901
80.01—85.00		22		8,951,319.63		26.69			406,878.17		622		84.28			8.235
85.01—90.00		35		11,508,404.05		34.31			328,811.54		628		89.46			8.181
90.01—95.00		4		1,005,750.00		3.00			251,437.50		650		93.39			8.111
95.01—100.00		3		586,000.00		1.75			195,333.33		653		80.00			7.531
Total:		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%

Distribution by State

State	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
CA		37	$	14,624,496.63		43.60	%	$	395,256.67		621		78.58	%		7.928	%
FL		22		5,152,723.58		15.36			234,214.71		623		79.97			8.105
MD		7		2,601,750.00		7.76			371,678.57		619		83.06			8.240
IL		5		2,471,700.00		7.37			494,340.00		617		79.74			8.498
VA		5		1,293,500.00		3.86			258,700.00		613		77.74			8.184
AZ		5		1,134,100.00		3.38			226,820.00		656		85.00			7.780
CT		4		904,499.05		2.70			226,124.76		641		86.39			7.022
MA		2		735,500.00		2.19			367,750.00		676		89.15			7.161
WA		2		712,400.00		2.12			356,200.00		668		82.60			7.752
NV		1		620,000.00		1.85			620,000.00		616		85.52			7.350
NY		1		480,000.00		1.43			480,000.00		607		84.96			8.290
OR		1		450,000.00		1.34			450,000.00		592		90.00			7.640
TN		2		357,170.00		1.06			178,585.00		621		78.55			8.766
GA		1		323,000.00		0.96			323,000.00		630		85.00			9.900
NH		1		323,000.00		0.96			323,000.00		601		85.00			7.425
Other		7		1,358,600.00		4.05			194,085.71		632		84.75			8.455
Total:		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%

Carrington Mortgage Loan Trust, Series 2007-HE1		$361,018,000 (approximate)
*Asset Backed Pass-Through Certificates*		*June 25, 2007*

The Mortgage Loans (Interest Only Collateral)

Distribution by Occupancy Type

Occupancy	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Investment Property		4	$	1,147,250.00		3.42	%	$	286,812.50		644		79.56	%		9.735	%
Owner Occupied		98		32,065,189.26		95.60			327,195.81		623		80.78			7.943
Second Home		1		330,000.00		0.98			330,000.00		654		75.00			9.225
Total:		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%

Distribution by Property Type

Property Type	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Single Family		90	$	29,112,984.63		86.79	%	$	323,477.61		624		79.88	%		8.002	%
PUD		6		1,902,505.00		5.67			317,084.17		615		85.98			8.097
2-4 Family		3		1,420,749.63		4.24			473,583.21		627		83.94			8.663
Condominium		3		816,450.00		2.43			272,150.00		663		86.33			6.975
Townhouse		1		289,750.00		0.86			289,750.00		624		95.00			8.700
Total:		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%

Distribution by Loan Purpose

Loan Purpose	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Cash Out		83	$	28,301,084.63		84.37	%	$	340,976.92		625		79.55	%		7.956	%
Purchase		10		2,163,855.00		6.45			216,385.50		631		84.96			8.756
Rate/Term		10		3,077,499.63		9.17			307,749.96		617		88.15			8.055
Total:		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%

Carrington Mortgage Loan Trust, Series 2007-HE1		$361,018,000 (approximate)
*Asset Backed Pass-Through Certificates*		*June 25, 2007*

The Mortgage Loans (Interest Only Collateral)

Distribution by Documentation Type

Documentation Type	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Full/Alt Documentation		68	$	22,485,115.05		67.03	%	$	330,663.46		622		81.81	%		7.819	%
Lite Documentation		1		481,500.00		1.44			481,500.00		572		90.00			8.600
Stated Documentation		34		10,575,824.21		31.53			311,053.65		631		77.86			8.409
Total:		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%

Distribution by Credit Score

Credit Score Range	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
551—575		2	$	820,300.00		2.45	%	$	410,150.00		569		72.79	%		8.166	%
576—600		22		6,720,099.21		20.03			305,459.06		591		78.60			8.047
601—625		33		11,857,120.00		35.35			359,306.67		613		81.20			8.155
626—650		22		7,562,852.42		22.55			343,766.02		636		81.20			8.165
651—675		18		4,730,367.63		14.10			262,798.20		661		81.25			7.847
676—700		4		1,386,200.00		4.13			346,550.00		690		82.44			6.957
726—750		2		465,500.00		1.39			232,750.00		730		92.24			6.254
Total:		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%

Distribution by Original Prepayment Penalty Term

Prepayment Penalty Terms (months)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0		20	$	7,527,750.00		22.44	%	$	376,387.50		617		81.29	%		8.511	%
12		3		898,099.05		2.68			299,366.35		624		81.47			7.985
24		58		18,780,044.21		55.99			323,793.87		620		80.65			8.000
36		22		6,336,546.00		18.89			288,024.82		645		79.97			7.483
Total:		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%

Carrington Mortgage Loan Trust, Series 2007-HE1		$361,018,000 (approximate)
*Asset Backed Pass-Through Certificates*		*June 25, 2007*

The Mortgage Loans (Interest Only Collateral)

Distribution by Initial Interest Rate Cap

Initial Cap (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Loans		10	$	3,249,998.58		9.69	%	$	324,999.86		638		83.71	%		8.277	%
1.500		93		30,292,440.68		90.31			325,725.17		623		80.36			7.989
Total:		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%

Distribution by Periodic Interest Rate Cap

Periodic Cap (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Loans		10	$	3,249,998.58		9.69	%	$	324,999.86		638		83.71	%		8.277	%
1.000		88		29,320,990.68		87.41			333,193.08		623		80.17			7.980
1.500		5		971,450.00		2.90			194,290.00		622		85.93			8.248
Total:		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%

Distribution by Gross Margin

ARM Margin (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Loans		10	$	3,249,998.58		9.69	%	$	324,999.86		638		83.71	%		8.277	%
3.001—4.000		2		380,000.00		1.13			190,000.00		713		88.04			5.776
4.001—5.000		7		1,959,246.47		5.84			279,892.35		642		75.60			6.789
5.001—6.000		76		25,420,944.58		75.79			334,486.11		622		80.05			8.076
6.001—7.000		7		2,170,999.63		6.47			310,142.80		605		86.17			8.182
7.001—8.000		1		361,250.00		1.08			361,250.00		615		85.00			9.500
Total:		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%

Carrington Mortgage Loan Trust, Series 2007-HE1		$361,018,000 (approximate)
*Asset Backed Pass-Through Certificates*		*June 25, 2007*

The Mortgage Loans (Interest Only Collateral)

Distribution by Maximum Mortgage Rate

Maximum Mortgage Rate (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Loans		10	$	3,249,998.58		9.69	%	$	324,999.86		638		83.71	%		8.277	%
11.001—12.000		2		380,000.00		1.13			190,000.00		713		88.04			5.776
12.001—13.000		12		4,597,896.47		13.71			383,158.04		636		76.16			6.802
13.001—14.000		34		10,648,189.21		31.75			313,182.04		618		78.08			7.533
14.001—15.000		32		11,124,950.00		33.17			347,654.69		618		83.41			8.483
15.001—16.000		12		2,857,155.00		8.52			238,096.25		624		81.62			9.424
16.001—17.000		1		684,250.00		2.04			684,250.00		640		85.00			10.250
Total:		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%

Distribution by Minimum Mortgage Rate

Minimum Mortgage Rate (%)	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Loans		10	$	3,249,998.58		9.69	%	$	324,999.86		638		83.71	%		8.277	%
5.001—6.000		2		380,000.00		1.13			190,000.00		713		88.04			5.776
6.001—7.000		12		4,424,396.47		13.19			368,699.71		639		74.37			6.714
7.001—8.000		37		11,305,239.21		33.70			305,547.01		618		78.91			7.571
8.001—9.000		31		11,129,300.00		33.18			359,009.68		617		83.76			8.515
9.001—10.000		10		2,369,255.00		7.06			236,925.50		625		79.90			9.591
10.001—11.000		1		684,250.00		2.04			684,250.00		640		85.00			10.250
Total:		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%

Carrington Mortgage Loan Trust, Series 2007-HE1		$361,018,000 (approximate)
*Asset Backed Pass-Through Certificates*		*June 25, 2007*

The Mortgage Loans (Interest Only Collateral)

Distribution by Initial Rate Adjustment Date

Initial Interest Rate Adjustment Date	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Loans		10	$	3,249,998.58		9.69	%	$	324,999.86		638		83.71	%		8.277	%
2009-01-01		3		680,600.00		2.03			226,866.67		618		82.80			8.224
2009-02-01		3		1,127,449.63		3.36			375,816.54		608		88.54			7.969
2009-03-01		10		3,590,998.63		10.71			359,099.86		632		78.70			7.949
2009-04-01		3		687,455.00		2.05			229,151.67		644		86.68			8.719
2009-05-01		56		18,887,140.00		56.31			337,270.36		617		80.16			8.075
2010-02-01		1		400,000.00		1.19			400,000.00		653		80.00			7.240
2010-03-01		9		2,429,997.42		7.24			269,999.71		636		81.24			7.632
2010-04-01		3		635,800.00		1.90			211,933.33		616		64.98			7.106
2010-05-01		5		1,853,000.00		5.52			370,600.00		646		81.58			7.773
Total:		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%

Distribution by Lien Type

Lien Type	Number of Mortgage Loans		Current Unpaid Principal Balance		Percentage of Current Unpaid Principal Balance			Average Current Unpaid Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
1		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%
Total:		103	$	33,542,439.26		100.00	%	$	325,654.75		624		80.68	%		8.016	%

Carrington Mortgage Loan Trust, Series 2007-HE1 Inactive FWPFree writing prospectus