Exhibit 99.1
THE MORTGAGE POOL
All capitalized terms used but not defined herein shall have the
meanings given to them in the Agreement.
Unless otherwise set forth herein, approximate percentages set forth
with respect to the Mortgage Loans are measured by the respective aggregate
Principal Balances (as defined herein) of the Mortgage Loans as of the Cut-Off
Date (as defined herein). With respect to any date of determination, the "Pool
Balance" will be equal to the aggregate of the Principal Balances of all
Mortgage Loans as of such date. The "Principal Balance" of a Mortgage Loan
(other than a Liquidated Mortgage Loan) on any day is equal to its Cut-Off Date
Principal Balance, minus all collections credited against the Cut-Off Date
Principal Balance of such Mortgage Loan. The "Cut-Off Date Principal Balance" of
a Mortgage Loan is the outstanding principal balance as of the related Cut-Off
Date. The "Cut-Off Date" with respect to (i) the Mortgage Loans is the close of
business on November 30, 2004, (ii) each Additional Mortgage Loan will be the
later of November 30, 2004 and the date of origination of such Additional
Mortgage Loan and (iii) each Subsequent Mortgage Loan will be the later of the
close of business on the last day of the month preceding the month in which such
Subsequent Mortgage Loan is conveyed to the Trust and the date of origination of
such Subsequent Mortgage Loan. The Principal Balance of a Liquidated Mortgage
Loan (as defined herein) after the Due Period in which such Mortgage Loan
becomes a Liquidated Mortgage Loan will be zero.
The mortgage pool (the "Mortgage Pool") consists of 1,089 Mortgage Loans, and
the related mortgaged properties (the "Mortgaged Properties") are located in 31
states as set forth herein. As of the Cut-Off Date, the Mortgage Loans had an
aggregate Cut-Off Date Principal Balance of $89,916,031. Approximately 9.80% and
90.20% of the Mortgage Pool consists of fixed-rate and adjustable-rate Mortgage
Loans, respectively, with remaining terms to maturity of not more than 360
months. As of the Cut-Off Date, the maximum Principal Balance of any of the
Mortgage Loans was $817,654, the minimum Principal Balance thereof was $9,928,
and the Principal Balance of such Mortgage Loans averaged $82,568. As of the
Cut-Off Date, the loan rates payable on the Mortgage Loans (the "Loan Rates")
ranged from 5.000% to 13.960% per annum, and the weighted average Loan Rate for
the Mortgage Loans was 7.269% per annum. As of the Cut-Off Date, the original
term to stated maturity of the Mortgage Loans ranged from 60 months to 360
months, the remaining term to stated maturity ranged from 57 months to 360
months, the weighted average original term to stated maturity was approximately
334 months, the weighted average remaining term to stated maturity was
approximately 333 months, the CLTV (as defined herein) ranged from 4.02% to
86.00% with a weighted average CLTV of 69.91%, and the Original FICO Score
ranged from 454 to 809 with a weighted average Original FICO Score of 620. The
Mortgage Loans had stated maturities ranging from August 2009 to February 2035.
All of the Mortgage Loans required monthly payments of principal that will fully
amortize such Mortgage Loans by their respective maturity dates. The Mortgage
Loans are secured by either first or second mortgages or deeds of trust on
Mortgaged Properties. The Mortgage Pool consists of 79.35% of loans secured by
first liens on the related Mortgaged Properties and 20.65% of loans secured by
second liens on the related Mortgaged Properties. No Mortgage Loan was 30 or
more days delinquent as of the Cut-Off Date. The Mortgaged Properties securing
the Mortgage Loans consist primarily of residential properties that are one- to
five-family properties. Based upon representations of the mortgagors at the time
of origination, 98.28% of the related Mortgaged Properties were owner occupied.
None of the Mortgage Loans was originated by Home Loan to facilitate the sale of
property acquired by Home Loan in connection with prior foreclosures.
All of the adjustable-rate Mortgage Loans are "hybrid mortgage loans" that
generally have Loan Rates that first adjust after an initial fixed rate period
of two or three years following origination depending on the terms of the
particular mortgage note and then adjust semi-annually thereafter. The
adjustable-rate
Mortgage Loans provide for semi-annual adjustment of the related Loan Rate based
on the Six-Month LIBOR, as described at "--The Index" below. In the case of the
adjustable-rate Mortgage Loans, there will be corresponding adjustments to the
monthly payment amount, in each case on each adjustment date applicable thereto
(each such date, an "Adjustment Date"); provided that the first such adjustment
(i) in the case of approximately 98.20% of the adjustable-rate Mortgage Loans,
approximately two years following origination, and (ii) in the case of
approximately 1.80% of the adjustable-rate Mortgage Loans, approximately three
years following origination. On each Adjustment Date for an adjustable-rate
Mortgage Loan, the Loan Rate will be adjusted to equal the sum, rounded
generally to the nearest multiple of 1/8%, of the index and a fixed percentage
amount (the "Margin"), provided that the Loan Rate on each such adjustable-rate
Mortgage Loan will not increase or decrease by more than 1.000% (the "Subsequent
Periodic Rate Cap") on any related Adjustment Date and will not exceed a
specified maximum Loan Rate over the life of such Mortgage Loan (the "Maximum
Rate") or be less than a specified minimum Loan Rate over the life of such
Mortgage Loan (the "Minimum Rate"). The Loan Rate generally will not increase or
decrease on the first Adjustment Date by more than a fixed percentage specified
in the related Mortgage Note (the "Initial Periodic Rate Cap"); the Initial
Periodic Rate Caps are 2.000% for 83.47% of the adjustable-rate Mortgage Loans
and 3.000% for 16.53% of the adjustable-rate Mortgage Loans. Effective with the
first monthly payment due on each adjustable-rate Mortgage Loan after each
related Adjustment Date, the monthly payment amount will be adjusted to an
amount that will amortize fully the outstanding Principal Balance of the related
Mortgage Loan over its remaining term, and pay interest at the Loan Rate as so
adjusted. Due to the application of the Initial Periodic Rate Caps, Subsequent
Periodic Rate Caps and Maximum Rates, the Loan Rate on each such adjustable-rate
Mortgage Loan, as adjusted on any related Adjustment Date, may be less than the
sum of the index and the related Margin, rounded as described above. The Margins
of the adjustable-rate Mortgage Loans ranged from 2.270% to 11.650% with a
weighted average Margin of 6.014%. The Maximum Rate of the adjustable-rate
Mortgage Loans ranged from 11.600% to 21.270% with a weighted average Maximum
Rate of 13.586%. The Minimum Rate of the adjustable-rate Mortgage Loans ranged
from 5.600% to 13.270% with a weighted average Minimum Rate of 7.265%. See
"--The Index" below.
The adjustable-rate Mortgage Loans generally do not permit the mortgagor to
convert the adjustable Loan Rate to a fixed Loan Rate.
CUT-OFF DATE PRINCIPAL BALANCES
NUMBER CUT-OFF DATE % OF CUT-OFF DATE
OF AGGREGATE AGGREGATE PRINCIPAL
CUT-OFF DATE PRINCIPAL BALANCES ($) MORTGAGE LOANS PRINCIPAL BALANCE BALANCE
----------------------------------- -------------- ----------------- -------
9,928 - 50,000..................... 473 $ 14,361,530.32 15.97%
50,001 - 100,000..................... 337 23,689,865.84 26.35
100,001 - 150,000..................... 116 14,114,789.03 15.70
150,001 - 200,000..................... 78 13,595,637.86 15.12
200,001 - 250,000..................... 37 8,294,805.51 9.23
250,001 - 300,000..................... 24 6,438,903.94 7.16
300,001 - 350,000..................... 8 2,578,616.00 2.87
350,001 - 400,000..................... 9 3,353,987.00 3.73
400,001 - 450,000..................... 4 1,676,750.00 1.86
450,001 - 500,000..................... 1 469,000.00 0.52
500,001 - 550,000..................... 1 524,491.97 0.58
800,001 - 817,654..................... 1 817,653.65 0.91
------ ----------------- -------
Total.............................. 1,089 $ 89,916,031.12 100.00%
====== ================= =======
GEOGRAPHIC DISTRIBUTION
NUMBER CUT-OFF DATE % OF CUT-OFF DATE
OF AGGREGATE AGGREGATE PRINCIPAL
STATE MORTGAGE LOANS PRINCIPAL BALANCE BALANCE
----- -------------- ----------------- -------
Arizona.................................. 9 $ 759,318.47 0.84%
California............................... 33 3,726,917.50 4.14
Colorado................................. 4 421,005.71 0.47
Connecticut.............................. 46 4,072,080.03 4.53
Delaware................................. 15 758,047.03 0.84
Florida.................................. 44 2,889,256.69 3.21
Georgia.................................. 30 2,050,093.57 2.28
Illinois................................. 21 1,292,177.49 1.44
Indiana.................................. 12 593,753.60 0.66
Kentucky................................. 3 112,000.00 0.12
Louisiana................................ 2 164,954.12 0.18
Maine.................................... 25 1,783,254.53 1.98
Maryland................................. 83 6,066,452.64 6.75
Massachusetts............................ 54 4,640,817.81 5.16
Michigan................................. 39 2,374,371.03 2.64
Minnesota................................ 5 399,589.81 0.44
Nevada................................... 13 862,901.20 0.96
New Hampshire............................ 18 1,501,598.56 1.67
New Jersey............................... 103 11,300,767.54 12.57
New Mexico............................... 1 33,000.00 0.04
New York................................. 150 14,831,464.53 16.49
Ohio..................................... 16 866,273.46 0.96
Oklahoma................................. 1 37,400.00 0.04
Oregon................................... 3 570,000.00 0.63
Pennsylvania............................. 129 6,446,680.76 7.17
Rhode Island............................. 97 10,351,210.03 11.51
Tennessee................................ 9 505,458.69 0.56
Texas.................................... 43 2,695,962.09 3.00
Virginia................................. 74 7,175,919.54 7.98
Washington............................... 4 292,620.70 0.33
Wisconsin................................ 3 340,683.99 0.38
------ ----------------- -------
Total.............................. 1,089 $ 89,916,031.12 100.00%
====== ================= =======
COMBINED LOAN-TO-VALUE RATIOS
NUMBER CUT-OFF DATE % OF CUT-OFF DATE
OF AGGREGATE AGGREGATE PRINCIPAL
ORIGINAL COMBINED LOAN-TO-VALUE RATIO (%) MORTGAGE LOANS PRINCIPAL BALANCE BALANCE
----------------------------------------- -------------- ----------------- -------
4.02 - 10.00........................ 4 $ 69,480.83 0.08%
10.01 - 20.00........................ 24 874,073.58 0.97
20.01 - 30.00........................ 31 1,677,242.51 1.87
30.01 - 40.00........................ 49 3,089,746.83 3.44
40.01 - 50.00........................ 77 5,721,235.34 6.36
50.01 - 60.00........................ 104 7,880,043.91 8.76
60.01 - 70.00........................ 212 17,728,451.15 19.72
70.01 - 80.00........................ 350 28,414,131.56 31.60
80.01 - 86.00........................ 238 24,461,625.41 27.20
------ ----------------- -------
Total.............................. 1,089 $ 89,916,031.12 100.00%
====== ================= =======
With respect to each Mortgage Loan the original Combined Loan-to-Value Ratios
("CLTV") shown above are equal to (i) the sum of (a) the original Principal
Balance of such Mortgage Loan at the date of origination plus (b) the remaining
balance of the first lien, if any, at the date of origination of such Mortgage
Loan divided by (ii) the lesser of (a) the value of the related Mortgaged
Property, based upon the appraisal made at the time of origination of such
Mortgage Loan, or (b) the purchase price of such Mortgaged Property if the
mortgage loan proceeds from such Mortgage Loan are used to purchase such
Mortgaged Property. No assurance can be given that the values of such Mortgaged
Properties have remained or will remain at their levels as of the dates of
origination of the related Mortgage Loans. If the residential real estate market
should experience an overall decline in property values such that the
outstanding balances of such Mortgage Loans together with the outstanding
balances of the related first liens become equal to or greater than the value of
the related Mortgaged Properties, the actual losses could be higher than those
now generally experienced in the mortgage lending industry.
LIEN POSITION
NUMBER CUT-OFF DATE % OF CUT-OFF DATE
OF AGGREGATE AGGREGATE PRINCIPAL
LIEN POSITION MORTGAGE LOANS PRINCIPAL BALANCE BALANCE
------------- -------------- ----------------- -------
First Lien............................... 662 $ 71,346,452.54 79.35%
Second Lien.............................. 427 18,569,578.58 20.65
------ ----------------- -------
Total.............................. 1,089 $ 89,916,031.12 100.00%
====== ================= =======
LOAN RATES
NUMBER CUT-OFF DATE % OF CUT-OFF DATE
OF AGGREGATE AGGREGATE PRINCIPAL
LOAN RATES (%) MORTGAGE LOANS PRINCIPAL BALANCE BALANCE
-------------- -------------- ----------------- -------
5.000 - 5.000........................ 1 $ 26,797.54 0.03%
5.001 - 5.500........................ 4 491,692.44 0.55
5.501 - 6.000........................ 87 12,304,472.40 13.68
6.001 - 6.500........................ 199 22,538,603.30 25.07
6.501 - 7.000........................ 195 16,877,083.64 18.77
7.001 - 7.500........................ 163 11,557,420.49 12.85
7.501 - 8.000........................ 86 6,474,646.20 7.20
8.001 - 8.500........................ 83 4,573,182.37 5.09
8.501 - 9.000........................ 79 3,824,955.51 4.25
9.001 - 9.500........................ 57 3,346,586.40 3.72
9.501 - 10.000........................ 72 4,607,818.51 5.12
10.001 - 10.500........................ 31 1,971,811.67 2.19
10.501 - 11.000........................ 16 647,525.16 0.72
11.001 - 11.500........................ 8 231,435.15 0.26
11.501 - 12.000........................ 3 253,248.65 0.28
12.001 - 12.500........................ 1 89,924.51 0.10
12.501 - 13.000........................ 2 50,389.18 0.06
13.001 - 13.500........................ 1 25,438.00 0.03
13.501 - 13.960........................ 1 23,000.00 0.03
------ ----------------- -------
Total.............................. 1,089 $ 89,916,031.12 100.00%
====== ================= =======
REMAINING MONTHS TO STATED MATURITY
NUMBER CUT-OFF DATE % OF CUT-OFF DATE
OF AGGREGATE AGGREGATE PRINCIPAL
REMAINING MONTHS TO STATED MATURITY MORTGAGE LOANS PRINCIPAL BALANCE BALANCE
----------------------------------- -------------- ----------------- -------
57- 72............................... 8 $ 197,410.52 0.22%
73- 96............................... 1 20,139.85 0.02
97- 120............................... 52 1,496,634.65 1.66
169- 192............................... 129 5,646,454.84 6.28
217- 240............................... 156 6,974,145.72 7.76
289- 312............................... 8 667,444.00 0.74
337- 360............................... 735 74,913,801.54 83.32
------ ----------------- -------
Total.............................. 1,089 $ 89,916,031.12 100.00%
====== ================= =======
MONTHS SINCE ORIGINATION
NUMBER CUT-OFF DATE % OF CUT-OFF DATE
OF AGGREGATE AGGREGATE PRINCIPAL
MONTHS SINCE ORIGINATION MORTGAGE LOANS PRINCIPAL BALANCE BALANCE
------------------------ -------------- ----------------- -------
0........................................ 417 $ 36,644,725.48 40.75%
1-11..................................... 672 53,271,305.64 59.25
------ ----------------- -------
Total.............................. 1,089 $ 89,916,031.12 100.00%
====== ================= =======
PROPERTY TYPE
NUMBER CUT-OFF DATE % OF CUT-OFF DATE
OF AGGREGATE AGGREGATE PRINCIPAL
PROPERTY TYPE MORTGAGE LOANS PRINCIPAL BALANCE BALANCE
------------- -------------- ----------------- -------
Single Family Detached................... 784 $ 64,070,866.99 71.26%
2-4 Units................................ 78 9,013,429.15 10.02
Single Family Attached................... 98 5,628,274.76 6.26
PUD Detached............................. 45 4,941,041.51 5.50
Condominium.............................. 48 3,555,944.56 3.95
PUD Attached............................. 24 1,921,253.42 2.14
Manufactured Housing..................... 9 476,027.32 0.53
Townhouse................................ 2 251,000.00 0.28
5+ Units................................. 1 58,193.41 0.06
------ ----------------- -------
Total.............................. 1,089 $ 89,916,031.12 100.00%
====== ================= =======
OCCUPANCY TYPE(1)
NUMBER CUT-OFF DATE % OF CUT-OFF DATE
OF AGGREGATE AGGREGATE PRINCIPAL
OCCUPANCY TYPE MORTGAGE LOANS PRINCIPAL BALANCE BALANCE
-------------- -------------- ----------------- -------
Owner Occupied........................... 1,063 $ 88,371,655.68 98.28%
Non-owner Occupied....................... 26 1,544,375.44 1.72
------ ----------------- -------
Total.............................. 1,089 $ 89,916,031.12 100.00%
====== ================= =======
(1) Based upon representations made by the Mortgagors at the time of origination of such Mortgage Loans.
PRODUCT TYPE
NUMBER CUT-OFF DATE % OF CUT-OFF DATE
OF AGGREGATE AGGREGATE PRINCIPAL
PRODUCT TYPE MORTGAGE LOANS PRINCIPAL BALANCE BALANCE
------------ -------------- ----------------- -------
2/28 6 MO LIBOR.......................... 972 $ 79,637,625.84 88.57%
Fixed Rate............................... 92 8,816,181.86 9.80
3/27 6 MO LIBOR.......................... 25 1,462,223.42 1.63
------ ----------------- -------
Total.............................. 1,089 $ 89,916,031.12 100.00%
====== ================= =======
ORIGINAL TERMS TO STATED MATURITY
NUMBER CUT-OFF DATE % OF CUT-OFF DATE
OF AGGREGATE AGGREGATE
ORIGINAL TERM (MONTHS) MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE
---------------------- -------------- ----------------- -----------------
60- 60............................... 8 $ 197,410.52 0.22%
61- 120............................... 53 1,516,774.50 1.69
121- 180............................... 129 5,646,454.84 6.28
181- 240............................... 156 6,974,145.72 7.76
241- 300............................... 8 667,444.00 0.74
301- 360............................... 735 74,913,801.54 83.32
------ ----------------- -------
Total.............................. 1,089 $ 89,916,031.12 100.00%
====== ================= =======
ORIGINAL FICO SCORE
CUT-OFF DATE % OF CUT-OFF DATE
NUMBER AGGREGATE AGGREGATE
ORIGINAL FICO SCORE OF MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE
------------------- ----------------- ----------------- -----------------
Not Available............................ 8 $ 889,199.56 0.99%
451- 460............................... 1 75,966.37 0.08
481- 490............................... 1 141,900.64 0.16
491- 500............................... 4 370,011.24 0.41
501- 510............................... 4 197,963.84 0.22
511- 520............................... 14 1,292,719.13 1.44
521- 530............................... 9 739,265.41 0.82
531- 540............................... 31 2,379,621.03 2.65
541- 550............................... 37 2,655,253.63 2.95
551- 560............................... 50 2,961,565.93 3.29
561- 570............................... 74 5,550,607.34 6.17
571- 580............................... 57 4,401,396.18 4.90
581- 590............................... 62 4,898,767.97 5.45
591- 600............................... 92 7,878,120.26 8.76
601- 610............................... 94 7,040,924.02 7.83
611- 620............................... 100 8,833,434.32 9.82
621- 630............................... 78 6,523,027.35 7.25
631- 640............................... 71 5,237,337.18 5.82
641- 650............................... 53 4,487,672.18 4.99
651- 660............................... 55 5,275,617.91 5.87
661- 670............................... 39 2,924,479.25 3.25
671- 680............................... 35 2,470,686.41 2.75
681- 690............................... 38 4,513,074.58 5.02
691- 700............................... 22 2,092,422.27 2.33
701- 710............................... 13 1,526,525.36 1.70
711- 720............................... 8 756,086.69 0.84
721- 730............................... 9 759,763.69 0.84
731- 740............................... 9 1,003,309.13 1.12
741- 750............................... 5 247,595.34 0.28
751- 760............................... 3 270,221.37 0.30
761- 770............................... 2 114,903.50 0.13
771- 780............................... 4 608,326.73 0.68
781- 790............................... 4 504,449.10 0.56
791- 800............................... 1 21,000.00 0.02
801- 809............................... 2 272,816.21 0.30
------ ----------------- -------
Total.............................. 1,089 $ 89,916,031.12 100.00%
====== ================= =======
PREPAYMENT PENALTY TERM
NUMBER CUT-OFF DATE % OF CUT-OFF DATE
OF AGGREGATE AGGREGATE
PREPAY PENALTY TERM (MONTHS) MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE
---------------------------- -------------- ----------------- -----------------
36........................................... 976 $ 76,770,355.08 85.38%
No Prepayment Penalty.................... 113 13,145,676.04 14.62
------ ----------------- -------
Total.............................. 1,089 $ 89,916,031.12 100.00%
====== ================= =======
DOCUMENTATION TYPE
NUMBER CUT-OFF DATE % OF CUT-OFF DATE
OF AGGREGATE AGGREGATE PRINCIPAL
DOCUMENTATION TYPE MORTGAGE LOANS PRINCIPAL BALANCE BALANCE
------------------ -------------- ----------------- -------
Full Documentation....................... 1,089 $ 89,916,031.12 100.00%
------ ----------------- -------
Total.............................. 1,089 $ 89,916,031.12 100.00%
====== ================= =======
PURPOSE OF THE MORTGAGE LOANS
CUT-OFF DATE % OF CUT-OFF
NUMBER OF AGGREGATE DATE AGGREGATE
PURPOSE MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE
------- -------------- ----------------- -----------------
Cash Out Refinance....................... 1,078 $ 88,221,728.92 98.12%
Purchase................................. 11 1,694,302.20 1.88
------ ----------------- -------
Total.............................. 1,089 $ 89,916,031.12 100.00%
====== ================= =======
MARGIN (ADJUSTABLE-RATE MORTGAGE LOANS)
NUMBER CUT-OFF DATE % OF CUT-OFF DATE
OF AGGREGATE AGGREGATE PRINCIPAL
MARGIN (%) MORTGAGE LOANS PRINCIPAL BALANCE BALANCE
---------- -------------- ----------------- -------
2.270 - 3.000........................ 1 $ 25,438.00 0.03%
4.001 - 5.000........................ 178 19,298,693.21 23.80
5.001 - 6.000........................ 367 33,720,494.71 41.58
6.001 - 7.000........................ 193 13,162,059.41 16.23
7.001 - 8.000........................ 123 6,313,798.19 7.79
8.001 - 9.000........................ 105 6,884,740.73 8.49
9.001 - 10.000........................ 25 1,398,275.31 1.72
10.001 - 11.000........................ 4 264,357.63 0.33
11.001 - 11.650........................ 1 31,992.07 0.04
------ ----------------- -------
Total.............................. 997 $ 81,099,849.26 100.00%
====== ================= =======
MAXIMUM RATE (ADJUSTABLE-RATE MORTGAGE LOANS)
NUMBER CUT-OFF DATE % OF CUT-OFF DATE
OF AGGREGATE AGGREGATE PRINCIPAL
MAXIMUM RATE (%) MORTGAGE LOANS PRINCIPAL BALANCE BALANCE
---------------- -------------- ----------------- -------
11.600 - 12.000........................ 78 $ 10,533,196.33 12.99%
12.001 - 12.500........................ 183 20,434,550.81 25.20
12.501 - 13.000........................ 178 14,519,567.97 17.90
13.001 - 13.500........................ 147 9,993,535.67 12.32
13.501 - 14.000........................ 60 4,359,795.90 5.38
14.001 - 14.500........................ 14 921,500.15 1.14
14.501 - 15.000........................ 30 2,531,562.61 3.12
15.001 - 15.500........................ 40 3,097,419.64 3.82
15.501 - 16.000........................ 54 4,413,456.18 5.44
16.001 - 16.500........................ 74 4,206,354.51 5.19
16.501 - 17.000........................ 57 2,366,389.23 2.92
17.001 - 17.500........................ 28 1,393,253.87 1.72
17.501 - 18.000........................ 30 1,345,294.55 1.66
18.001 - 18.500........................ 12 455,026.87 0.56
18.501 - 19.000........................ 9 303,677.66 0.37
19.001 - 19.500........................ 1 15,000.00 0.02
19.501 - 20.000........................ 1 184,829.31 0.23
21.001 - 21.270........................ 1 25,438.00 0.03
------ ----------------- -------
Total.............................. 997 $ 81,099,849.26 100.00%
====== ================= =======
MINIMUM RATE (ADJUSTABLE-RATE MORTGAGE LOANS)
NUMBER CUT-OFF DATE % OF CUT-OFF DATE
OF AGGREGATE AGGREGATE
MINIMUM RATE (%) MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE
---------------- -------------- ----------------- -----------------
5.600 - 6.000........................ 77 $ 10,487,251.22 12.93%
6.001 - 6.500........................ 184 20,480,495.92 25.25
6.501 - 7.000........................ 190 15,901,303.33 19.61
7.001 - 7.500........................ 161 11,338,725.21 13.98
7.501 - 8.000........................ 79 5,942,586.50 7.33
8.001 - 8.500........................ 76 4,015,550.72 4.95
8.501 - 9.000........................ 70 3,185,285.73 3.93
9.001 - 9.500........................ 52 3,067,163.12 3.78
9.501 - 10.000........................ 64 4,136,923.10 5.10
10.001 - 10.500........................ 25 1,665,020.48 2.05
10.501 - 11.000........................ 12 504,926.67 0.62
11.001 - 11.500........................ 3 93,320.85 0.12
11.501 - 12.000........................ 2 223,866.34 0.28
12.501 - 13.000........................ 1 31,992.07 0.04
13.001 - 13.270........................ 1 25,438.00 0.03
------ ----------------- -------
Total.............................. 997 $ 81,099,849.26 100.00%
====== ================= =======
INITIAL PERIODIC RATE CAP (ADJUSTABLE-RATE MORTGAGE LOANS)
NUMBER CUT-OFF DATE % OF CUT-OFF DATE
OF AGGREGATE AGGREGATE PRINCIPAL
INITIAL PERIODIC RATE CAP (%) MORTGAGE LOANS PRINCIPAL BALANCE BALANCE
----------------------------- -------------- ----------------- -------
2.000.................................... 756 $ 67,691,341.33 83.47%
3.000.................................... 241 13,408,507.93 16.53
------ ----------------- -------
Total.............................. 997 $ 81,099,849.26 100.00%
====== ================= =======
SUBSEQUENT PERIODIC RATE CAP (ADJUSTABLE-RATE MORTGAGE LOANS)
NUMBER CUT-OFF DATE % OF CUT-OFF DATE
OF AGGREGATE AGGREGATE PRINCIPAL
SUBSEQUENT PERIODIC RATE CAP (%) MORTGAGE LOANS PRINCIPAL BALANCE BALANCE
-------------------------------- -------------- ----------------- -------
1.000.................................... 997 $ 81,099,849.26 100.00%
------ ----------------- -------
Total.............................. 997 $ 81,099,849.26 100.00%
====== ================= =======
NEXT RATE ADJUSTMENT DATE (ADJUSTABLE-RATE MORTGAGE LOANS)
NUMBER CUT-OFF DATE % OF CUT-OFF DATE
OF AGGREGATE AGGREGATE PRINCIPAL
NEXT RATE ADJUSTMENT DATE MORTGAGE LOANS PRINCIPAL BALANCE BALANCE
------------------------- -------------- ----------------- -------
December 2005................................. 1 $ 208,618.70 0.26%
March 2006.................................... 1 43,967.11 0.05
April 2006.................................... 4 382,125.35 0.47
May 2006...................................... 4 423,263.97 0.52
June 2006..................................... 6 564,432.63 0.70
July 2006..................................... 42 3,292,069.67 4.06
August 2006................................... 139 11,862,059.50 14.63
September 2006................................ 144 12,258,001.29 15.11
October 2006.................................. 145 10,495,902.04 12.94
November 2006................................. 169 12,739,669.37 15.71
December 2006................................. 164 14,472,756.38 17.85
January 2007.................................. 92 6,937,013.27 8.55
February 2007................................. 62 6,152,587.68 7.59
April 2007.................................... 2 90,328.86 0.11
July 2007..................................... 3 128,381.88 0.16
August 2007................................... 3 166,695.66 0.21
September 2007................................ 4 188,706.61 0.23
October 2007.................................. 6 301,360.58 0.37
November 2007................................. 2 191,000.00 0.24
December 2007................................. 3 115,983.70 0.14
January 2008.................................. 1 84,925.01 0.10
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Total.............................. 997 $ 81,099,849.26 100.00%
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