EXHIBIT 99.4
Equity One 2002-3
Term Sheet
Class B-1
Balance 8,775 Delay 24
Coupon at pricing Dated 5/1/2002
Settle 6/14/2002 First Payment 6/25/2002
100% PPC, 10% Call
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Lag 6 month
Recoveries 40%
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8.0 CDR 8.1 CDR 8.2 CDR 8.3 CDR 8.4 CDR 8.5 CDR 8.6 CDR 9.0 CDR
Price Yield Yield Yield Yield Yield Yield Yield Yield
100 6.944 6.766 5.98 5.151 4.282 3.365 2.392 -2.674
WAL 6.49 6.74 6.92 7.05 7.13 7.17 7.16 6.68
Mod Durn 5.01 5.15 5.26 5.37 5.48 5.58 5.67 5.86
Mod Convexity 0.326 0.343 0.357 0.371 0.384 0.398 0.412 0.448
Tot Coll Loss 43,562,680 44,128,871 44,695,627 45,262,950 45,830,840 46,399,298 46,968,327 49,397,368
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Lag 6 month
Recoveries 50%
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9.0 CDR 9.1 CDR 9.5 CDR 9.6 CDR 9.7 CDR 9.8 CDR 9.9 CDR 10 CDR
Price Yield Yield Yield Yield Yield Yield Yield Yield
100 6.929 6.93 6.942 6.944 6.911 6.265 5.588 4.882
WAL 5.41 5.49 6.3 6.52 6.73 6.91 7.04 7.13
Mod Durn 4.3 4.35 4.88 5.02 5.16 5.25 5.34 5.43
Mod Convexity 0.247 0.252 0.312 0.328 0.344 0.356 0.368 0.379
Tot Coll Loss 41,164,478 41,642,482 43,559,314 44,039,735 44,520,643 45,002,040 45,483,927 45,966,303
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Lag 6 month
Recoveries 60%
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12.0 CDR 12.1 CDR 12.2 CDR 12.3 CDR 12.4 CDR 12.5 CDR 12.7 CDR 13 CDR
Price Yield Yield Yield Yield Yield Yield Yield Yield
100 6.944 6.946 6.626 6.096 5.544 4.972 3.766 1.762
WAL 6.52 6.69 6.85 6.98 7.08 7.15 7.24 7.21
Mod Durn 5.02 5.13 5.22 5.29 5.37 5.44 5.58 5.77
Mod Convexity 0.328 0.341 0.352 0.361 0.371 0.38 0.399 0.427
Tot Coll Loss 44,574,749 44,969,085 45,363,833 45,758,992 46,154,565 46,550,553 47,343,768 48,536,717
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Lag 6 month
Recoveries 70%
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16.0 CDR 16.1 CDR 16.2 CDR 16.3 CDR 16.4 CDR 16.5 CDR 16.7 CDR 17 CDR
Price Yield Yield Yield Yield Yield Yield Yield Yield
100 6.945 6.947 6.849 6.452 6.043 5.624 4.75 3.345
WAL 6.59 6.73 6.86 6.97 7.07 7.15 7.26 7.33
Mod Durn 5.07 5.15 5.23 5.29 5.35 5.4 5.52 5.67
Mod Convexity 0.334 0.344 0.354 0.361 0.369 0.376 0.391 0.413
Tot Coll Loss 45,640,842 45,950,228 46,259,292 46,568,694 46,878,435 47,188,516 47,809,701 48,744,046
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Serkan Erikci
Wachovia Securities
Corporate & Investment Banking
serkan.erikci@wachovia.com
(704) 715-1263