EXHIBIT 99.8
Equity One 2002-3
Term Sheet
Class B-1
Balance 8,775,000 Delay 24
Coupon at pricing Dated 5/1/2002
Settle 6/14/2002 First Payment 6/25/2002
100% PPC, 10% Call
- --------------------------------------
Lag 12 month
Recoveries 40%
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Forward Libor
CDR >>>>> 6.0 6.1 6.2 6.3 6.4 6.5
Price Yield Yield Yield Yield Yield Yield
100 6.931 6.933 6.937 6.94 6.944 6.906
WAL 5.56 5.68 5.94 6.21 6.47 6.71
Mod Durn 4.4 4.48 4.65 4.82 4.98 5.14
Mod Convexity 0.257 0.265 0.285 0.305 0.325 0.343
Prcp Loss - - - - - 31,994
Tot Coll Loss 31,972,349 32,520,905 33,069,996 33,619,624 34,169,789 34,720,494
Loss % 11.30% 11.49% 11.68% 11.88% 12.07% 12.27%
CDR >>>>> 6.6 6.7 6.8 6.9 7.0
Price Yield Yield Yield Yield Yield
100 6.166 5.393 4.585 3.739 2.849
WAL 6.92 7.08 7.2 7.27 7.31
Mod Durn 5.25 5.35 5.46 5.56 5.66
Mod Convexity 0.357 0.37 0.384 0.398 0.412
Prcp Loss 600,965 1,163,705 1,720,880 2,273,468 2,822,076
Tot Coll Loss 35,271,739 35,823,526 36,375,854 36,928,727 37,482,143
Loss % 12.46% 12.66% 12.85% 13.05% 13.24%
- -----------------------------------
Lag 12 month
Recoveries 50%
- --------------------------------------
Forward Libor
CDR >>>>> 7.0 7.1 7.2 7.3 7.4 7.5
Price Yield Yield Yield Yield Yield Yield
100 6.93 6.931 6.932 6.933 6.935 6.938
WAL 5.49 5.53 5.58 5.66 5.82 6.05
Mod Durn 4.34 4.37 4.41 4.47 4.57 4.72
Mod Convexity 0.253 0.255 0.258 0.263 0.275 0.292
Prcp Loss - - - - - -
Tot Coll Loss 31,235,222 31,696,859 32,158,951 32,621,501 33,084,508 33,547,973
Loss % 11.04% 11.20% 11.36% 11.53% 11.69% 11.85%
CDR >>>>> 7.6 7.7 7.8 7.9 8.0
Price Yield Yield Yield Yield Yield
100 6.941 6.944 6.946 6.548 5.847
WAL 6.27 6.48 6.68 6.88 7.07
Mod Durn 4.86 4.99 5.12 5.23 5.33
Mod Convexity 0.309 0.325 0.341 0.354 0.368
Prcp Loss - - - 313,915 848,346
Tot Coll Loss 34,011,899 34,476,284 34,941,131 35,406,441 35,992,574
Loss % 12.02% 12.18% 12.34% 12.51% 12.72%
- --------------------------------------
Lag 12 month
Recoveries 60%
- --------------------------------------
Forward Libor
CDR >>>>> 9.0 9.1 9.2 9.3 9.4 9.5
Price Yield Yield Yield Yield Yield Yield
100 6.932 6.933 6.934 6.936 6.939 6.941
WAL 5.63 5.68 5.75 5.88 6.06 6.24
Mod Durn 4.44 4.48 4.53 4.61 4.73 4.85
Mod Convexity 0.262 0.265 0.27 0.279 0.293 0.307
Prcp Loss - - - - - -
Tot Coll Loss 32,553,476 32,931,489 33,309,881 33,688,653 34,067,809 34,447,348
Loss % 11.50% 11.63% 11.77% 11.90% 12.04% 12.17%
CDR >>>>> 9.6 9.7 9.8 9.9 10.0
Price Yield Yield Yield Yield Yield
100 6.943 6.945 6.947 6.73 6.242
WAL 6.42 6.59 6.76 6.92 7.05
Mod Durn 4.96 5.06 5.17 5.26 5.33
Mod Convexity 0.321 0.334 0.347 0.358 0.367
Prcp Loss - - - 175,655 557,710
Tot Coll Loss 34,827,272 35,207,582 35,588,277 35,969,360 36,350,831
Loss % 12.30% 12.44% 12.57% 12.71% 12.84%
- --------------------------------------
Lag 12 month
Recoveries 70%
- --------------------------------------
Forward Libor
CDR >>>>> 13.0 13.1 13.2 13.3 13.4 13.5
Price Yield Yield Yield Yield Yield Yield
100 6.946 6.947 6.949 6.857 6.501 6.136
WAL 6.66 6.79 6.92 7.04 7.15 7.25
Mod Durn 5.1 5.19 5.27 5.34 5.39 5.44
Mod Convexity 0.34 0.35 0.36 0.369 0.376 0.383
Prcp Loss - - - 77,514 369,007 658,454
Tot Coll Loss 36,216,533 36,513,871 36,811,524 37,109,490 37,407,773 37,706,371
Loss % 12.80% 12.90% 13.01% 13.11% 13.22% 13.32%
CDR >>>>> 13.6 13.7 13.8 13.9 14.0
Price Yield Yield Yield Yield Yield
100 5.761 5.378 4.985 4.582 4.168
WAL 7.33 7.4 7.46 7.51 7.54
Mod Durn 5.5 5.55 5.6 5.65 5.7
Mod Convexity 0.39 0.397 0.404 0.411 0.418
Prcp Loss 946,403 1,232,808 1,517,981 1,802,046 2,084,986
Tot Coll Loss 38,005,285 38,304,517 38,604,067 38,903,936 39,204,124
Loss % 13.43% 13.53% 13.64% 13.74% 13.85%
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Serkan Erikci
Wachovia Securities
Corporate & Investment Banking
serkan.erikci@wachovia.com
(704) 715-1263