FWP 1 v067102_fwp.htm
Filed pursuant to Rule 433(d)
Registration Statement No. 333-131727
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
FREE WRITING PROSPECTUS

The following is a free writing prospectus. The information in this free writing prospectus is preliminary and is subject to completion or change.

FREE WRITING PROSPECTUS
 
ACE Securities Corp.
 

$756,613,000 (Approximate)
 
Home Equity Loan Trust
 
Series 2007-HE2
 

 
ACE Securities Corp.
(Depositor)
 
ACE Securities Corp. Home Equity Loan Trust, Series 2007-HE2
(Issuing Entity)
 
 

February 26, 2007
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
1

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
The analysis in this report is based on information provided by ACE Securities Corp. (the “Depositor”). Investors are urged to read the base prospectus and the prospectus supplement and other relevant documents filed or to be filed with the Securities and Exchange Commission because they contain important information. Such documents may be obtained without charge at the Securities and Exchange Commission's website. Once available, the base prospectus and prospectus supplement may be obtained without charge by contacting Deutsche Bank Securities Inc.’s (“DBSI”) trading desk at (212) 250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement (collectively, the “Prospectus”). The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. You should consult your own counsel, accountant, and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities.
 
The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared by DBSI in reliance upon information furnished by the Depositor. Numerous assumptions were used in preparing the Computational Materials that may or may not be reflected herein. As such, no assurance can be given as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. These Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment assumptions, and changes in such prepayment assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments on the underlying assets will occur at rates slower or faster than the rates shown in the attached Computational Materials. Furthermore, unless otherwise provided, the Computational Materials assume no losses on the underlying assets and no interest shortfalls. The specific characteristics of the securities may differ from those shown in the Computational Materials by a permitted variance of +/- 10% prior to issuance. Neither DBSI nor any of its affiliates makes any representation or warranty as to the actual rate or timing of payments on any of the underlying assets or the payments or yield on the securities.
 
An investor or potential investor in the certificates (and each employee, representative, or other agent of such person or entity) may disclose to any and all persons, without limitation, the tax treatment and tax structure of the transaction (as defined in United States Treasury Regulation Section 1.6011-4) and all related materials of any kind, including opinions or other tax analyses, that are provided to such person or entity. However, such person or entity may not disclose any other information relating to this transaction unless such information is related to such tax treatment and tax structure.
 
THIS INFORMATION IS FURNISHED TO YOU SOLELY BY DBSI AND NOT BY THE ISSUER OF THE SECURITIES OR ANY OF ITS AFFILIATES. DBSI IS ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN CONNECTION WITH THE PROPOSED TRANSACTION.
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
2

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
FREE WRITING PROSPECTUS DATED February 26, 2007
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
$756,613,000 (Approximate)
All dollar amounts and percentages contained herein are subject to a permitted variance of +/- 10%

Structure Overview
To 10% Optional Termination

Class
Approximate
Size ($)
Type
WAL
(yrs)
Principal
Payment
Window
(months)
Pmt.
Delay
(days)
Interest
Accrual
Basis
Legal
Final
Maturity
Expected
Ratings
(S / M / D)
Offered Certificates:
             
A-1
$285,268,000
Float
2.01
1 - 83
0
ACT/360
December 2036
AAA/Aaa/AAA
A-2A
190,084,000
Float
1.00
1 - 22
0
ACT/360
December 2036
AAA/Aaa/AAA
A-2B
35,185,000
Float
2.00
22 - 27
0
ACT/360
December 2036
AAA/Aaa/AAA
A-2C
49,209,000
Float
3.00
27 - 65
0
ACT/360
December 2036
AAA/Aaa/AAA
A-2D
33,598,000
Float
6.58
65 - 83
0
ACT/360
December 2036
AAA/Aaa/AAA
M-1
32,654,000
Float
5.21
50 - 83
0
ACT/360
December 2036
AA+/Aa1/AA(high)
M-2
30,663,000
Float
4.96
46 - 83
0
ACT/360
December 2036
AA+/Aa2/AA(high)
M-3
19,114,000
Float
4.83
44 - 83
0
ACT/360
December 2036
AA/Aa3/AA
M-4
16,327,000
Float
4.77
42 - 83
0
ACT/360
December 2036
AA/A1/AA
M-5
14,734,000
Float
4.73
41 - 83
0
ACT/360
December 2036
AA/A2/AA(low)
M-6
13,938,000
Float
4.69
40 - 83
0
ACT/360
December 2036
A+/A3/A(high)
M-7
12,743,000
Float
4.67
40 - 83
0
ACT/360
December 2036
A/Baa1/A
M-8
11,548,000
Float
4.64
39 - 83
0
ACT/360
December 2036
A-/Baa2/A(low)
M-9
11,548,000
Float
4.63
38 - 83
0
ACT/360
December 2036
BBB+/Baa3/BBB(high)
Total Offered:
$756,613,000
             
                 
 
Pricing Speed
Fixed-Rate Mortgage Loans
 
100% PPC (4% CPR growing to 23% CPR over 12 months. 23% CPR thereafter)
     
Adjustable-Rate Mortgage Loans
 
100% PPC (5% CPR in month 1, an additional 2% CPR for each month thereafter, building to 27% CPR in month 12 and remaining constant at 27% CPR until month 23, increasing to and remaining constant at 60% CPR from month 24 until month 27 and decreasing and remaining constant at 30% CPR from month 28 and thereafter; provided, however, the prepayment rate will not exceed 85% CPR per annum in any period for any percentage of PPC)
 
Transaction Overview
Certificates:
The Class A-1 Certificates and the Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates (collectively, the “Class A-2 Certificates”; and together with the Class A-1 Certificates, the “Senior Certificates” or “Class A Certificates”), and the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8 and Class M-9 Certificates (collectively, the “Mezzanine Certificates” or the “Class M Certificates”). The Class A-1 Certificates are backed by conforming principal balance fixed-rate and adjustable-rate first and second lien mortgage loans (the “Group I Mortgage Loans”) and the Class A-2 Certificates are backed by fixed-rate and adjustable-rate first and second lien mortgage loans with conforming and non-conforming principal balances (the “Group II Mortgage Loans”).
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
3

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
Transaction Overview


Certificates
   
(Continued):
 
The Mezzanine Certificates are backed by the Group I Mortgage Loans and Group II Mortgage Loans (collectively, the “Mortgage Loans”). The Senior Certificates along with the 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 are also referred to herein collectively as the “Offered Certificates.” The trust will also issue the Class CE Certificates, the Class P Certificates and the Class R Certificates which are referred to herein collectively as the “Non-offered Certificates”. The pass-through rate on the Class A-1 Certificates will be the lesser of (i) One-Month LIBOR plus a margin and (ii) the applicable Net WAC Pass-Through Rate. The pass-through rates on the Class A-2 Certificates will be the lesser of (i) One-Month LIBOR plus their respective margins and (ii) the applicable Net WAC Pass-Through Rate. The pass-through rates on the Mezzanine Certificates will be the lesser of (i) One-Month LIBOR plus their respective margins and (ii) the applicable Net WAC Pass-Through Rate.
     
Collateral:
 
As of the Cut-off Date, the Mortgage Loans will consist of approximately 4,937 adjustable-rate and fixed-rate, first and second lien, closed-end mortgage loans. The aggregate outstanding principal balance of all of the Mortgage Loans is approximately $796,434,542 as of the Cut-off Date. The Mortgage Loans will be separated into two groups. The Group I Mortgage Loans will represent approximately 2,607 conforming principal balance fixed-rate and adjustable-rate Mortgage Loans totaling approximately $382,909,543 and the Group II Mortgage Loans will represent approximately 2,330 conforming and non-conforming principal balance fixed and adjustable-rate Mortgage Loans totaling approximately $413,524,999.
     
Class A Certificates:
 
Class A-1, Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates
     
Class M Certificates:
 
Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8 and Class M-9 Certificates
     
Depositor:
 
ACE Securities Corp. (“ACE”)
     
Issuing Entity:
 
ACE Securities Corp. Home Equity Loan Trust, Series 2007-HE2. The Issuing Entity is also referred to herein as the trust
 
Originators:
Originator
Aggregate Remaining
Principal Balance ($)
% of Aggregate
Remaining Principal
Balance
 
The CIT Group/Consumer Finance, Inc
$303,279,312
38.08%
 
Peoples Choice Home Loan, Inc
195,009,525
24.49
 
First NLC Financial Services, LLC
136,335,314
17.12
 
Impac Funding Corporation
66,074,319
8.30
 
Other (Less than 5% individually)
95,736,073
12.02
   
$796,434,542
100.00%

Master Servicer and the
Securities Administrator:
Wells Fargo Bank, National Association
   
Servicers:
Ocwen Loan Servicing, LLC (“Ocwen”) and Countrywide Home Loans Servicing LP (“Countrywide”) with respect to approximately 87.54% and 12.32%, respectively, of the total principal balance of the Mortgage Loans as of the Cut-Off Date.
   
Trustee:
HSBC Bank USA, National Association
   
Custodian:
Wells Fargo Bank, National Association and Deutsche Bank National Trust Company
   
Credit Risk Manager:
Clayton Fixed Income Services Inc.
   
Underwriter:
Deutsche Bank Securities Inc.
   
Swap Provider:
TBD
   
Cap Provider:
TBD
   
Cut-off Date:
February 1, 2007
   
Expected Pricing:
Week of February [26], 2007
   
Expected Closing Date:
On or about February [28], 2007
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
4

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
Transaction Overview (Cont.)

Record Date:
For so long as the Offered Certificates are held in book-entry form, the Record Date will be the business day immediately preceding the related Distribution Date. With respect to any Offered Certificates held in definitive form, the Record Date will be the last business day of the month immediately preceding the month in which the related Distribution Date occurs.
   
Distribution Dvbate:
25th day of each month (or the next business day if such day is not a business day) commencing in March 2007.
   
Determination Date:
The Determination Date with respect to any Distribution Date and (i) Ocwen, is the business day immediately preceding the related Servicer Remittance Date and (ii) Countrywide, the 18th day of the month in which the Distribution Date occurs or, if such day is not a business day, on the immediately preceding business day.
   
Servicer Remittance Date:
With respect to any Distribution Date and (i) Ocwen, the 22nd day of the month in which such Distribution Date occurs; provided that if the 22nd day of a given month is a Saturday, the Servicer Remittance Date shall be the immediately preceding business day and if the 22nd day of a given month is a Sunday or otherwise not a business day (except for Saturdays), the Servicer Remittance Date shall be the next business day, and (ii) Countrywide the 22nd day of the month in which such Distribution Date occurs; provided that if such 22nd day of a given month is not a business day, the Servicer Remittance Date for such month shall be the business day immediately preceding such 22nd day; provided further, that if the Servicer Remittance Date falls on a Friday, the Servicer Remittance Date shall be the business day immediately preceding such Friday.
   
Due Period:
The Due Period with respect to any Distribution Date commences on the second day of the month immediately preceding the month in which such Distribution Date occurs and ends on the first day of the month in which such Distribution Date occurs.
   
Prepayment Period:
The Prepayment Period with respect to any Distribution Date and (i) Ocwen, shall be (a) with respect to principal prepayments in full, the period from the 16th day of the month immediately preceding the Distribution Date to the 15th day of the month of the Distribution Date and (b) with respect to principal prepayments in part, the calendar month immediately preceding the month in which the Distribution Date occurs, and (ii) Countrywide, shall be the period from the 16th day of the month immediately preceding the Distribution Date (or with respect to the first Prepayment Period, the period from the Cut-off Date) to the 15th day of the month of the Distribution Date.
   
Interest Accrual Period:
Interest will initially accrue on the Offered Certificates from the Closing Date to (but excluding) the first Distribution Date, and thereafter, from the prior Distribution Date to (but excluding) the current Distribution Date on an actual/360 basis. The Offered Certificates will initially settle flat (no accrued interest).
   
Interest Distribution
Amount:
For the certificates of any class on any Distribution Date is equal to interest accrued during the related Interest Accrual Period on the certificate principal balance of that class immediately prior to such Distribution Date at the then applicable pass-through rate for such class, and reduced (to not less than zero), in the case of each such class, by the allocable share, if any, for such class of prepayment interest shortfalls to the extent not covered by Compensating Interest paid by the Master Servicer or the Servicers and shortfalls resulting from the application of the Servicemembers’ Civil Relief Act or similar state or local laws.
   
Senior Interest
Distribution Amount:
For the Class A Certificates on any Distribution Date is an amount equal to the sum of the Interest Distribution Amount for such Distribution Date for each such class and the Interest Carry Forward Amount, if any, for such Distribution Date for each such class.
   
Administration Fee Rate:
The Master Servicer, Servicers and Credit Risk Manager will be paid monthly fees on the outstanding principal balance of the Mortgage Loans. These fees initially aggregate to a weighted average cost of approximately 0.5175% for the Mortgage Loans.
   
Compensating Interest:
Each Servicer will be required to cover Prepayment Interest Shortfalls on prepayments in full on the Mortgage Loans serviced by such Servicer up to the Servicing Fee payable to each Servicer. If any Servicer fails to make any required Compensating Interest payment, the Master Servicer will be required to do so up to the Master Servicing Fee.
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
5

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
Transaction Overview (Cont.)
 
Prepayment Interest
Shortfalls:
Interest shortfalls attributable to voluntary principal prepayments on the Mortgage Loans.
   
Optional Termination:
On any Distribution Date on which the aggregate outstanding principal balance of the Mortgage Loans as of the last day of the related Due Period is less than or equal to 10% of the aggregate outstanding principal balance of the Mortgage Loans as of the Cut-off Date, the Master Servicer may repurchase all of the Mortgage Loans and REO properties remaining in the trust, causing an early retirement of the certificates, but is not required to do so.
   
Monthly Servicer
Advances:
Each Servicer will collect monthly payments of principal and interest on the Mortgage Loans serviced by such Servicer and will be obligated to make advances of delinquent monthly principal and interest payments. Each Servicer is required to advance delinquent payments of principal and interest on the Mortgage Loans serviced by such Servicer only to the extent such amounts are deemed recoverable. If any Servicer fails to make any such advance, a successor servicer (which may be the Master Servicer) will be required to do so subject to its determination of recoverability. The Servicers and the successor servicer are entitled to be reimbursed for these advances, and therefore these advances are not a form of credit enhancement.
   
Credit Enhancement:
1) Excess Interest;
2) Overcollateralization (“OC”); and
3) Subordination.
   
Allocation of Losses:
Any Realized Losses on the Mortgage Loans will be allocated on any Distribution Date, first, to Net Monthly Excess Cashflow and Net Swap Payments received from the Swap Provider, if any, second, to the Class CE Certificates, third, to the Class M-9 Certificates, fourth, to the Class M-8 Certificates, fifth, to the Class M-7 Certificates, sixth, to the Class M-6 Certificates, seventh, to the Class M-5 Certificates, eighth, to the Class M-4 Certificates, ninth, to the Class M-3 Certificates, tenth, to the Class M-2 Certificates and eleventh, to the Class M-1 Certificates. There will be no allocation of Realized Losses to the Class A Certificates. Investors in the Class A Certificates should note, however, that although Realized Losses cannot be allocated to such Certificates, under certain loss scenarios there may not be enough principal and interest on the Mortgage Loans to distribute to the holders of the Class A Certificates all principal and interest amounts to which they are then entitled. 
   
 
Once Realized Losses have been allocated to the Mezzanine Certificates, such amounts with respect to such Certificates will no longer accrue interest and such amounts will not be reinstated thereafter. However, the amount of any Realized Losses allocated to the Mezzanine Certificates may be distributed to such certificates on a subordinated basis on any Distribution Date from Net Monthly Excess Cashflow, to the extent available on such Distribution Date and any Net Swap Payments paid by the Swap Provider and available for this purpose.

 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
6

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
Transaction Overview (Cont.)

Required
Overcollateralization
Amount:
Overcollateralization refers to the amount by which the aggregate principal balance of the Mortgage Loans exceeds the aggregate certificate principal balance of the Certificates. This excess (the “Overcollateralization Amount”) is intended to protect the certificateholders against shortfalls in payments on the certificates. The Required Overcollateralization Amount for the certificates, which will be fully established at issuance, is anticipated to be approximately 5.00% of the aggregate principal balance of the Mortgage Loans as of the Cut-off Date. On or after the Stepdown Date and provided that a trigger event is not in effect, the Required Overcollateralization Amount may be permitted to decrease to approximately 10.00% of the aggregate principal balance of the Mortgage Loans as of the last day of the related Due Period, subject to a floor amount of approximately 0.50% of the aggregate outstanding principal balance as of the Cut-off Date. If, due to losses, the Overcollateralization Amount is reduced below the Required Overcollateralization Amount, excess spread, if any is available, will be paid to the certificates then entitled to receive distributions in respect of principal in order to reduce the certificate principal balance of such certificates to the extent necessary to reach the Required Overcollateralization Amount. In addition, Net Swap Payments paid by the Swap Provider may be used to restore or maintain the Required Overcollateralization Amount.
   
Overcollateralization
Interest
Amount:
An Overcollateralization Increase Amount for any Distribution Date is the lesser of (i) the Net Monthly Excess Cashflow and Net Swap Payments received from the Swap Provider, if any, for that Distribution Date and (ii) the excess of the Required Overcollateralization Amount over the current Overcollateralization Amount.
   
Overcollateralization
Reduction Amount:
An Overcollateralization Reduction Amount for any Distribution Date is the amount by which the current Overcollateralization Amount exceeds the Required Overcollateralization Amount after taking into account all other distributions to be made on the Distribution Date limited to the distribution of principal on the Mortgage Loans.
   
Stepdown Date:
Is the earlier of (i) the first Distribution Date after which the aggregate certificate principal balance of the Class A Certificates has been reduced to zero and (ii) the later to occur of (x) the Distribution Date occurring in March 2010 and (y) the first Distribution Date on which the Credit Enhancement Percentage (calculated for this purpose only after taking into account distributions of principal on the Mortgage Loans, but prior to any distribution of principal to the holders of the certificates) is equal to or greater than approximately 51.00%.
   
Credit Enhancement
Percentage:
The Credit Enhancement Percentage for any class of certificates and any Distribution Date is the percentage obtained by dividing (x) the aggregate certificate principal balance of the class or classes subordinate thereto (which includes the Overcollateralization Amount) by (y) the aggregate principal balance of the Mortgage Loans, calculated after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period.

 
Class
(S / M / D)
Initial CE %*
Targeted CE % On/After
Step Down Date*
 
A
AAA/Aaa/AAA
25.50%
51.00%
 
M-1
AA+/Aa1/AA(high)
21.40%
42.80%
 
M-2
AA+/Aa2/AA(high)
17.55%
35.10%
 
M-3
AA/Aa3/AA
15.15%
30.30%
 
M-4
AA/A1/AA
13.10%
26.20%
 
M-5
AA/A2/AA(low)
11.25%
22.50%
 
M-6
A+/A3/A(high)
9.50%
19.00%
 
M-7
A/Baa1/A
7.90%
15.80%
 
M-8
A-/Baa2/A(low)
6.45%
12.90%
 
M-9
BBB+/Baa3/BBB(high)
5.00%
10.00%
         
* Approximate
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
7

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
Transaction Overview (Cont.)

Net Monthly Excess
Cashflow:
For any Distribution Date is equal to the sum of (i) any Overcollateralization Reduction Amount and (ii) the excess of the Available Distribution Amount, net of any Net Swap Payment and the Swap Termination Payment, if any, required to be made by the Securities Administrator, on behalf of the supplemental interest trust (described below), to the Swap Provider under the Swap Agreement, over the sum of (w) with respect to the Class A Certificates, the Senior Interest Distribution Amount for such Distribution Date, (x) with respect to the Mezzanine Certificates, the Interest Distribution Amount for such Distribution Date and (y) the amount of principal remittance required to be distributed to the holders of the Certificates on such Distribution Date.
 
 
Net WAC Pass-
Through Rate:
Class A-1 and Class A-2 Certificates: The per annum rate (subject to adjustment based on the actual number of days elapsed in the related Interest Accrual Period) equal to the product of (i) 12 and (ii) a fraction, expressed as a percentage, the numerator of which is the difference of (a) the amount of interest which accrued on the Mortgage Loans in the related loan group in the prior calendar month minus the fees payable to the Servicers, Master Servicer and the Credit Risk Manager with respect to the related Mortgage Loans for such Distribution Date, over (b) the Group I Allocation Percentage or Group II Allocation Percentage, as applicable, of any Net Swap Payment or Swap Termination Payment made to the Swap Provider for such Distribution Date (which was not caused by a Swap Provider Trigger Event, as defined in the Swap Agreement), and the denominator of which is the aggregate principal balance of the Mortgage Loans in the related loan group as of the last day of the immediately preceding Due Period (or as of the Cut-off Date with respect to the first Distribution Date), after giving effect to principal prepayments received during the related Prepayment Period. 
 
Mezzanine Certificates: The per annum rate equal to the weighted average (weighted in proportion to the results of subtracting from the aggregate principal balance of each loan group, the certificate principal balance of the related Class A Certificates), of (i) the Net WAC Pass-Through Rate for the Class A-1 Certificates and (ii) the Net WAC Pass-Through Rate for the Class A-2 Certificates.
 
Group I Allocation Percentage: The aggregate principal balance of the Group I Mortgage Loans divided by the sum of the aggregate principal balance of the Group I Mortgage Loans and the Group II Mortgage Loans.
 
Group II Allocation Percentage: The aggregate principal balance of the Group II Mortgage Loans divided by the sum of the aggregate principal balance of the Group I Mortgage Loans and the Group II Mortgage Loans.
 
 
Net WAC Rate
Carryover Amount:
If on any Distribution Date the Pass-Through Rate for any class of certificates is limited by the related Net WAC Pass-Through Rate, such class will be entitled to the “Net WAC Rate Carryover Amount” which will be equal to the sum of (i) the excess of, if any, (a) the amount of interest that would have accrued on such class based on one-month LIBOR plus the related margin over (b) the amount of interest accrued on such class based on the related Net WAC Pass-Through Rate and (ii) the unpaid portion of any related Net WAC Rate Carryover Amount from the prior Distribution Date together with accrued interest on such unpaid portion at a rate equal to one-month LIBOR plus the related margin for the most recently ended Interest Accrual Period. Any Net WAC Rate Carryover Amount will be paid on such Distribution Date or future Distribution Dates to the extent of funds available. The Net WAC Rate Carryover Amount will be distributed from certain amounts received by the Securities Administrator, on behalf of the Supplemental Interest Trust (described below), under the Swap Agreement, if any, and from the Net Monthly Excess Cashflow on a subordinated basis on the same Distribution Date or on any subsequent Distribution Date to the extent of available funds. The ratings on each class of certificates do not address the likelihood of the payment of any Net WAC Rate Carryover Amount from Net Monthly Excess Cashflow.
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
8

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
Transaction Overview (Cont.)

Group I Cap
Agreement:
On the Closing Date, the Trustee will enter into a “Group I Cap Agreement”, which will be effective for the period commencing on the Distribution Date occurring in March 2007 and ending immediately following the Distribution Date occurring in August 2007, to make payments in respect of any Net WAC Rate Carryover Amounts in respect of the Class A-1 Certificates and the Mezzanine Certificates as described herein. The Group I Cap Agreement requires a cap payment in an amount equal to the product of: (1) the excess, if any, of one-month LIBOR over a specified strike rate for the related Distribution Date; (2) the related scheduled notional amount, which is based on the lesser of (i) the expected amortization of the Group I Mortgage Loans and (ii) Group I Cap Schedule and (3) a fraction, the numerator of which is the actual number of days elapsed from the previous Distribution Date to but excluding the current Distribution Date (or, for the first Distribution Date, the actual number of days elapsed from the Closing Date to but excluding the first Distribution Date), and the denominator of which is 360.
   
Group II Cap
Agreement:
On the Closing Date, the Trustee will enter into a “Group II Cap Agreement”, which will be effective for the period commencing on the Distribution Date occurring in March 2007 and ending immediately following the Distribution Date occurring in August 2007, to make payments in respect of any Net WAC Rate Carryover Amounts in respect of the Class A-2A, Class A-2B, Class A-2C, Class A-2D Certificates and the Mezzanine Certificates as described herein. The Group II Cap Agreement requires a cap payment in an amount equal to the product of: (1) the excess, if any, of one-month LIBOR over a specified strike rate for the related Distribution Date; (2) the related scheduled notional amount, which is based on the lesser of (i) the expected amortization of the Group II Mortgage Loans and (ii) Group II Cap Schedule and (3) a fraction, the numerator of which is the actual number of days elapsed from the previous Distribution Date to but excluding the current Distribution Date (or, for the first Distribution Date, the actual number of days elapsed from the Closing Date to but excluding the first Distribution Date), and the denominator of which is 360.
 
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
9

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
Transaction Overview (Cont.)

Swap Agreement:
 
On the Closing Date, the Trustee will enter into a Swap Agreement with the Swap Provider as described in the final prospectus supplement. The Swap Agreement will have an initial notional amount of $633,135,825. Under the Swap Agreement, commencing on the Distribution Date occurring in September 2007, the trust (through a supplemental interest trust) will be obligated to pay an amount equal to the product of (i) [5.10]% per annum, (ii) the Swap Notional Amount (as defined below) and (iii) a fraction, the numerator of which is 30 and the denominator of which is 360, and the Swap Provider will be obligated to pay to the supplemental interest trust, for the benefit of the holders of the Offered Certificates, an amount equal to the product of (i) one-month LIBOR, (ii) the Swap Notional Amount and (iii) a fraction, the numerator of which is the actual number of days elapsed during the related Interest Accrual Period and the denominator of which is 360, until the Swap Agreement is terminated. The “Swap Notional Amount” for each Distribution Date will be equal to the lesser of (a) the aggregate certificate principal balance of the Offered Certificates on the day immediately preceding such Distribution Date, and (b) the scheduled swap notional amount set forth in the Swap Agreement for such Distribution Date. Only the net amount of the two obligations will be paid by the appropriate party (the “Net Swap Payment”). See the attached schedule.
 
A separate trust created under the pooling and servicing agreement (the “Supplemental Interest Trust”) will hold the Swap Agreement. The Swap Agreement and any payments made by the Swap Provider thereunder will be assets of the Supplemental Interest Trust but will not be assets of any REMIC.
 
Upon early termination of the Swap Agreement, the Supplemental Interest Trust or the Swap Provider may be liable to make a termination payment (the ‘‘Swap Termination Payment’’) to the other party (regardless of which party caused the termination). The Swap Termination Payment will be computed in accordance with the procedures set forth in the Swap Agreement. In the event that the Securities Administrator, on behalf of the Supplemental Interest Trust, is required to make a Swap Termination Payment, that payment will be paid on the related Distribution Date, and on any subsequent Distribution Dates until paid in full, and, if such Swap Termination Payment is not due as a result of the occurrence of a Swap Provider Trigger Event (as defined in the Swap Agreement), such payment will be prior to distributions to Certificateholders.
     
Available Distribution
Amount:
 
For any Distribution Date, net of the administrative fees, an amount equal to (i) the aggregate amount of scheduled monthly payments on the Mortgage Loans due on the related Due Date and received on or prior to the related Determination Date; (ii) unscheduled payments in respect of the Mortgage Loans (including prepayments, insurance proceeds, liquidation proceeds, subsequent recoveries and proceeds from repurchases of and substitutions for the Mortgage Loans occurring during the Prepayment Period or proceeds from the repurchase of the Mortgage Loans due to the Optional Termination of the Trust); (iii) all P&I Advances with respect to the Mortgage Loans received for the Distribution Date; and (iv) all Compensating Interest paid by the Servicers or the Master Servicer in respect of Prepayment Interest Shortfalls for the related Prepayment Period.
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
10

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
Transaction Overview (Cont.)

Class A Principal
Distribution Amount:
 
Until the Stepdown Date, or if a Trigger Event occurs, the Class A Principal Distribution Amount will be distributed to the holders of the Class A-1 Certificates and the Class A-2 Certificates concurrently, on a pro rata basis based on the related Class A principal allocation percentage (for any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the principal remittance amount for the Group I Mortgage Loans (in the case of the Class A-1 Certificates) or the principal remittance amount for the Group II Mortgage Loans (in the case of the Class A-2 Certificates) and the denominator of which is equal to the principal remittance amount for all of the Mortgage Loans).
     
   
Until the Stepdown Date, or if a Trigger Event occurs, the Class A Certificates will receive the principal collected on the Mortgage Loans plus any excess interest and any Net Swap Payment received by the Securities Administrator from the Swap Provider required to restore or maintain the Required Overcollateralization Amount until the aggregate certificate principal balance of the Class A Certificates has been reduced to zero. On or after the Stepdown Date, if no Trigger Event occurs, principal paid on the Class A Certificates will be an amount such that the Class A Certificates will maintain approximately a 51.00% Credit Enhancement Percentage (2x the Class A Initial Credit Enhancement Percentage). The Class A Principal Distribution Amount will be distributed to the holders of the Class A-1 Certificates and the Class A-2 Certificates to the extent of their respective group-based principal distribution amount.
     
   
Principal distributions to the Class A-2 Certificates will be allocated sequentially to the Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates, in that order, until the certificate principal balance of each such class has been reduced to zero; provided, however, on any Distribution Date on which the aggregate certificate principal balance of the Mezzanine Certificates has been reduced to zero and the Overcollateralization Amount is zero, all principal distributions will be distributed to the Class A-2 Certificates concurrently, on a pro rata basis, based on the certificate principal balance of each such class, until the certificate principal balance of each such class has been reduced to zero.
     
Class M Principal
Distribution Amount:
 
Until the Stepdown Date, unless the aggregate certificate principal balance of the Class A Certificates is reduced to zero, the Mezzanine Certificates will not receive any principal payments. On or after the Stepdown Date (if no Trigger Event occurs), principal will be paid to the Mezzanine Certificates, first to the Class M-1 Certificates until it reaches approximately a 42.80% Credit Enhancement Percentage (2x the Class M-1 Initial Credit Enhancement Percentage), second to the Class M-2 Certificates until it reaches approximately a 35.10% Credit Enhancement Percentage (2x the Class M-2 Initial Credit Enhancement Percentage), third to the Class M-3 Certificates until it reaches approximately a 30.30% Credit Enhancement Percentage (2x the Class M-3 Initial Credit Enhancement Percentage), fourth to the Class M-4 Certificates until it reaches approximately a 26.20% Credit Enhancement Percentage (2x the Class M-4 Initial Credit Enhancement Percentage), fifth to the Class M-5 Certificates until it reaches approximately a 22.50% Credit Enhancement Percentage (2x the Class M-5 Initial Credit Enhancement Percentage), sixth to the Class M-6 Certificates until it reaches approximately a 19.00% Credit Enhancement Percentage (2x the Class M-6 Initial Credit Enhancement Percentage), seventh to the Class M-7 Certificates until it reaches approximately a 15.80% Credit Enhancement Percentage (2x the Class M-7 Initial Credit Enhancement Percentage), eighth to the Class M-8 Certificates until it reaches approximately a 12.90% Credit Enhancement Percentage (2x the Class M-8 Initial Credit Enhancement Percentage), ninth to the Class M-9 Certificates until it reaches approximately a 10.00% Credit Enhancement Percentage (2x the Class M-9 Initial Credit Enhancement Percentage
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
11

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
Transaction Overview (Cont.)

Class M Principal
Distribution Amount
(continued):
 If a Trigger Event occurs, principal payments will be paid first to the Class A Certificates in the manner and order of priority described under "Class A Principal Distribution Amount", in each case until the certificate principal balance of each such class has been reduced to zero and, then sequentially to the Mezzanine Certificates in their order of seniority, in each case until the certificate principal balance of each such class has been reduced to zero.
   
Coupon Step-up:
On the Distribution Date following the first possible optional termination date, the margins on the Class A Certificates and the Mezzanine Certificates will increase to the following, provided that the Pass-Through Rates on the Certificates will still be subject to the applicable Net WAC Pass-Through Rate.
 
 
Class
After Optional Termination
 
A
2 x Margin
 
M
The lesser of 1.5 x Margin and Margin plus 0.50%

Trigger Event:
If either the Delinquency Test or Cumulative Loss Test is violated.
   
Delinquency Test:
The determination on any Distribution Date that the percentage obtained by dividing (x) the principal amount of (1) Mortgage Loans delinquent 60 days or more, (2) Mortgage Loans in foreclosure, (3) REO Properties and (4) Mortgage Loans discharged due to bankruptcy by (y) the aggregate principal balance of the Mortgage Loans, in each case, as of the last day of the previous calendar month, exceeds 31.37% of the Credit Enhancement Percentage of the Class A Certificates.:
   
Cumulative Loss Test:
The determination on any Distribution Date that the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Due Period divided by the aggregate principal balance of the Mortgage Loans as of the Cut-off Date exceeds the applicable percentages set forth below with respect to such Distribution Date:

 
Distribution Date Occurring in
Percentage
 
March 2009 to February 2010
1.85%, plus 1/12th of 2.30% for each month thereafter
 
March 2010 to February 2011
4.15%, plus 1/12th of 2.40% for each month thereafter
 
March 2011 to February 2012
6.55%, plus 1/12th of 1.90% for each month thereafter
 
March 2012 to February 2013
8.45%, plus 1/12th of 0.55% for each month thereafter
 
March 2013 and thereafter
9.00%
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
12

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 


Transaction Overview (Cont.)

Payment Priority:
On each Distribution Date, the Available Distribution Amount will be distributed as follows:
1.    Commencing on the Distribution Date occurring in September 2007, to the Supplemental Interest Trust to pay any Net Swap Payment or the Swap Termination Payment (not caused by a Swap Provider Trigger Event (as defined in the Swap Agreement)) owed to the Swap Provider.
2.    To pay interest to the Class A Certificates, pro rata, including any accrued unpaid interest from a prior Distribution Date, and then to pay interest excluding any accrued unpaid interest from a prior Distribution Date to the Mezzanine Certificates, on a sequential basis.
3.    To pay principal to the Class A Certificates in accordance with the principal payment provisions described above.
4.    To pay principal to the Mezzanine Certificates in accordance with the principal payment provisions described above.
5.    From excess interest, if any, to the certificates then entitled to receive distributions in respect of principal in order to reduce the certificate principal balance of the Certificates to the extent necessary to restore or maintain the Required Overcollateralization Amount.
6.    From excess interest, if any, to pay the Interest Carry Forward Amounts on the Mezzanine Certificates, on a sequential basis.
7.    From excess interest, if any, to pay the allocated Realized Losses on the Mezzanine Certificates, on a sequential basis.
8.    From excess interest, if any, to pay the Net WAC Rate Carryover Amount on the Class A Certificates and the Mezzanine Certificates in the same order of priority as described in 2 above.
9.    From excess interest, if any, commencing on the Distribution Date occurring in September 2007, to pay the Swap Termination Payment (caused by a Swap Provider Trigger Event under the Swap Agreement) owed to the Swap Provider.
10.  To pay any remaining amount to the Non-offered Certificates in accordance with the pooling and servicing agreement.
 
Commencing on the Distribution Date occurring in September 2007, any Net Swap Payments on deposit in the Supplemental Interest Trust will be paid after the Available Distribution Amount as follows:
1.    To pay any Net Swap Payment or the Swap Termination Payment (not caused by a Swap Provider Trigger Event (as defined in the Swap Agreement)) owed to the Swap Provider.
2.    To pay any unpaid interest on the Class A Certificates, including any accrued unpaid interest from a prior Distribution Date, on a pro-rata basis and then to pay any unpaid interest including any accrued unpaid interest from prior Distribution Dates to the Mezzanine Certificates, sequentially.
3.    To pay any principal to the Class A Certificates and the Mezzanine Certificates, in accordance with the principal payment provisions described above in an amount necessary to restore or maintain the Required Overcollateralization Amount.
4.    To pay any allocated Realized Losses remaining unpaid on the Mezzanine Certificates, sequentially.
5.    To pay the Net WAC Rate Carryover Amount on the Class A Certificates and the Mezzanine Certificates remaining unpaid in the same order of priority as described above.
6.    To pay the Swap Termination Payment (caused by a Swap Provider Trigger Event under the Swap Agreement) owed to the Swap Provider.
7.    To pay any remaining amount to the Class CE Certificates.
 
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
13

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
Transaction Overview (Cont.)

ERISA:
It is expected that the Offered Certificates may be purchased by, or with the assets of, employee benefit plans subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) or plans or arrangements subject to section 4975 of the Internal Revenue Code (each, a “Plan”). Prior to the termination of the Supplemental Interest Trust, Plans or persons using assets of a Plan may purchase the Offered Certificates if the purchase and holding meets the requirements of an investor-based class exemption issued by the Department of Labor. Investors should consult with their counsel with respect to the consequences under ERISA and the Internal Revenue Code of a Plan’s acquisition and ownership of such certificates.
   
Legal Investment:
The Offered Certificates will not constitute “mortgage related securities” for purposes of the Secondary Mortgage Market Enhancement Act of 1984.
   
Taxation - REMIC:
One or more REMIC elections will be made for designated portions of the Trust (exclusive of certain shortfall payments or payments from the Supplemental Interest Trust or the obligation to make payments to the Supplemental Interest Trust pursuant to the Swap Agreement).
   
Form of Registration:
Book-entry form through DTC, Clearstream and Euroclear.
   
Minimum
Denominations:
$25,000 and integral multiples of $1 in excess thereof.
   
 
 
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
14

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
Group I Cap Schedule

 
Distribution Date
Notional Schedule ($)
Strike Rate (%)
1
3/25/2007
382,909,543
7.50
2
4/25/2007
377,439,875
7.50
3
5/25/2007
371,332,825
7.50
4
6/25/2007
364,606,711
7.50
5
7/25/2007
357,286,708
7.50
6
8/25/2007
349,434,594
7.50




Group II Cap Schedule

 
Distribution Date
Notional Schedule ($)
Strike Rate (%)
1
3/25/2007
413,524,999
7.50
2
4/25/2007
407,615,373
7.50
3
5/25/2007
401,022,543
7.50
4
6/25/2007
393,767,045
7.50
5
7/25/2007
385,877,153
7.50
6
8/25/2007
377,429,336
7.50
 
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
15

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
Swap Schedule
 
 
Distribution Date
Notional Schedule ($)
 
Distribution Date
Notional Schedule ($)
1
3/25/2007
-
32
10/25/2009
149,715,551
2
4/25/2007
-
33
11/25/2009
142,247,351
3
5/25/2007
-
34
12/25/2009
135,080,104
4
6/25/2007
-
35
1/25/2010
128,201,369
5
7/25/2007
-
36
2/25/2010
121,599,311
6
8/25/2007
-
37
3/25/2010
115,262,593
7
9/25/2007
633,135,825
38
4/25/2010
109,180,401
8
10/25/2007
608,109,637
39
5/25/2010
103,342,748
9
11/25/2007
583,938,325
40
6/25/2010
97,739,114
10
12/25/2007
560,673,005
41
7/25/2010
92,359,930
11
1/25/2008
538,279,575
42
8/25/2010
87,196,030
12
2/25/2008
516,725,223
43
9/25/2010
82,238,628
13
3/25/2008
495,978,379
44
10/25/2010
77,479,309
14
4/25/2008
475,970,997
45
11/25/2010
72,910,012
15
5/25/2008
456,712,439
46
12/25/2010
68,522,982
16
6/25/2008
438,135,913
47
1/25/2011
64,310,802
17
7/25/2008
420,139,322
48
2/25/2011
60,266,365
18
8/25/2008
401,951,819
49
3/25/2011
56,382,856
19
9/25/2008
379,292,801
50
4/25/2011
52,653,743
20
10/25/2008
334,444,273
51
5/25/2011
49,072,762
21
11/25/2008
294,617,515
52
6/25/2011
45,633,911
22
12/25/2008
260,476,724
53
7/25/2011
42,331,413
23
1/25/2009
233,462,721
54
8/25/2011
39,159,758
24
2/25/2009
222,022,756
55
9/25/2011
36,113,535
25
3/25/2009
211,620,964
56
10/25/2011
33,187,091
26
4/25/2009
201,641,807
57
11/25/2011
30,375,133
27
5/25/2009
192,069,642
58
12/25/2011
27,674,272
28
6/25/2009
182,885,258
59
1/25/2012
25,080,054
29
7/25/2009
174,072,609
60
2/25/2012
22,588,180
30
8/25/2009
165,616,380
61
3/25/2012
-
31
9/25/2009
157,501,915
     
           
           
           
           
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
16

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 

Sensitivity Table
To 10% Call

 
Fixed>>
0% PPC
55% PPC
100% PPC
125% PPC
160% PPC
 
Arm>>
0% PPC
55% PPC
100% PPC
125% PPC
160% PPC
             
A-1
Avg Life (years)
21.54
4.03
2.01
1.30
1.04
 
First Payment Date
Mar-07
Mar-07
Mar-07
Mar-07
Mar-07
 
Last Payment Date
Sep-36
Apr-20
Jan-14
Jan-10
Mar-09
             
A-2A
Avg Life (years)
17.04
1.69
1.00
0.83
0.66
 
First Payment Date
Mar-07
Mar-07
Mar-07
Mar-07
Mar-07
 
Last Payment Date
Jul-32
Sep-10
Dec-08
Sep-08
Jun-08
             
A-2B
Avg Life (years)
26.50
4.19
2.00
1.66
1.44
 
First Payment Date
Jul-32
Sep-10
Dec-08
Sep-08
Jun-08
 
Last Payment Date
Jan-35
Apr-12
May-09
Nov-08
Sep-08
             
A-2C
Avg Life (years)
29.17
7.41
3.00
1.99
1.65
 
First Payment Date
Jan-35
Apr-12
May-09
Nov-08
Sep-08
 
Last Payment Date
Sep-36
Jul-17
Jul-12
Jun-09
Nov-08
             
A-2D
Avg Life (years)
29.57
12.58
6.58
2.65
1.93
 
First Payment Date
Sep-36
Jul-17
Jul-12
Jun-09
Nov-08
 
Last Payment Date
Sep-36
Apr-20
Jan-14
Feb-10
Apr-09
             
M-1
Avg Life (years)
28.80
8.56
5.21
4.88
3.41
 
First Payment Date
Mar-33
Feb-11
Apr-11
Feb-10
Apr-09
 
Last Payment Date
Sep-36
Apr-20
Jan-14
May-12
Nov-10
             
M-2
Avg Life (years)
28.80
8.56
4.96
5.20
3.73
 
First Payment Date
Mar-33
Feb-11
Dec-10
Jan-12
Oct-10
 
Last Payment Date
Sep-36
Apr-20
Jan-14
May-12
Nov-10
             
M-3
Avg Life (years)
28.80
8.56
4.83
4.78
3.48
 
First Payment Date
Mar-33
Feb-11
Oct-10
Jul-11
May-10
 
Last Payment Date
Sep-36
Apr-20
Jan-14
May-12
Nov-10
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
17

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 

Sensitivity Table 
To 10% Call (Continued)

 
Fixed>>
0% PPC
55% PPC
100% PPC
125% PPC
160% PPC
 
Arm>>
0% PPC
55% PPC
100% PPC
125% PPC
160% PPC
             
M-4
Avg Life (years)
28.80
8.56
4.77
4.48
3.26
 
First Payment Date
Mar-33
Feb-11
Aug-10
Mar-11
Feb-10
 
Last Payment Date
Sep-36
Apr-20
Jan-14
May-12
Nov-10
             
M-5
Avg Life (years)
28.80
8.56
4.73
4.30
3.12
 
First Payment Date
Mar-33
Feb-11
Jul-10
Dec-10
Dec-09
 
Last Payment Date
Sep-36
Apr-20
Jan-14
May-12
Nov-10
             
M-6
Avg Life (years)
28.80
8.56
4.69
4.16
3.02
 
First Payment Date
Mar-33
Feb-11
Jun-10
Oct-10
Oct-09
 
Last Payment Date
Sep-36
Apr-20
Jan-14
May-12
Nov-10
             
M-7
Avg Life (years)
28.80
8.56
4.67
4.06
2.94
 
First Payment Date
Mar-33
Feb-11
Jun-10
Aug-10
Sep-09
 
Last Payment Date
Sep-36
Apr-20
Jan-14
May-12
Nov-10
             
M-8
Avg Life (years)
28.80
8.56
4.64
3.98
2.88
 
First Payment Date
Mar-33
Feb-11
May-10
Jul-10
Aug-09
 
Last Payment Date
Sep-36
Apr-20
Jan-14
May-12
Nov-10
             
M-9
Avg Life (years)
28.80
8.56
4.63
3.92
2.83
 
First Payment Date
Mar-33
Feb-11
Apr-10
Jun-10
Jul-09
 
Last Payment Date
Sep-36
Apr-20
Jan-14
May-12
Nov-10
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
18

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
Sensitivity Table
To Maturity

 
Fixed>>
0% PPC
55% PPC
100% PPC
125% PPC
160% PPC
 
Arm>>
0% PPC
55% PPC
100% PPC
125% PPC
160% PPC
             
A-1
Avg Life (years)
21.54
4.33
2.19
1.30
1.04
 
First Payment Date
Mar-07
Mar-07
Mar-07
Mar-07
Mar-07
 
Last Payment Date
Sep-36
Aug-33
Jan-23
Jan-10
Mar-09
             
A-2A
Avg Life (years)
17.04
1.69
1.00
0.83
0.66
 
First Payment Date
Mar-07
Mar-07
Mar-07
Mar-07
Mar-07
 
Last Payment Date
Jul-32
Sep-10
Dec-08
Sep-08
Jun-08
             
A-2B
Avg Life (years)
26.50
4.19
2.00
1.66
1.44
 
First Payment Date
Jul-32
Sep-10
Dec-08
Sep-08
Jun-08
 
Last Payment Date
Jan-35
Apr-12
May-09
Nov-08
Sep-08
             
A-2C
Avg Life (years)
29.17
7.41
3.00
1.99
1.65
 
First Payment Date
Jan-35
Apr-12
May-09
Nov-08
Sep-08
 
Last Payment Date
Sep-36
Jul-17
Jul-12
Jun-09
Nov-08
             
A-2D
Avg Life (years)
29.58
15.34
8.33
2.65
1.93
 
First Payment Date
Sep-36
Jul-17
Jul-12
Jun-09
Nov-08
 
Last Payment Date
Oct-36
Apr-34
Dec-22
Feb-10
Apr-09
             
M-1
Avg Life (years)
28.80
9.45
5.76
7.67
5.50
 
First Payment Date
Mar-33
Feb-11
Apr-11
Feb-10
Apr-09
 
Last Payment Date
Oct-36
Aug-31
Apr-21
Sep-19
Jun-16
             
M-2
Avg Life (years)
28.80
9.43
5.49
5.92
4.37
 
First Payment Date
Mar-33
Feb-11
Dec-10
Jan-12
Oct-10
 
Last Payment Date
Sep-36
Oct-30
Aug-20
Jul-17
Oct-14
             
M-3
Avg Life (years)
28.80
9.41
5.35
5.18
3.80
 
First Payment Date
Mar-33
Feb-11
Oct-10
Jul-11
May-10
 
Last Payment Date
Sep-36
Nov-29
Jan-20
Jan-17
Jun-14
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
19

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 

Sensitivity Table
To Maturity (Continued)

 
Fixed>>
0% PPC
55% PPC
100% PPC
125% PPC
160% PPC
 
Arm>>
0% PPC
55% PPC
100% PPC
125% PPC
160% PPC
             
M-4
Avg Life (years)
28.80
9.39
5.28
4.87
3.56
 
First Payment Date
Mar-33
Feb-11
Aug-10
Mar-11
Feb-10
 
Last Payment Date
Sep-36
Mar-29
Aug-19
Sep-16
Mar-14
             
M-5
Avg Life (years)
28.80
9.36
5.21
4.67
3.41
 
First Payment Date
Mar-33
Feb-11
Jul-10
Dec-10
Dec-09
 
Last Payment Date
Sep-36
Jul-28
Feb-19
May-16
Nov-13
             
M-6
Avg Life (years)
28.80
9.33
5.16
4.52
3.30
 
First Payment Date
Mar-33
Feb-11
Jun-10
Oct-10
Oct-09
 
Last Payment Date
Sep-36
Nov-27
Sep-18
Dec-15
Aug-13
             
M-7
Avg Life (years)
28.80
9.28
5.10
4.40
3.20
 
First Payment Date
Mar-33
Feb-11
Jun-10
Aug-10
Sep-09
 
Last Payment Date
Sep-36
Jan-27
Feb-18
Jul-15
Apr-13
             
M-8
Avg Life (years)
28.80
9.22
5.04
4.29
3.12
 
First Payment Date
Mar-33
Feb-11
May-10
Jul-10
Aug-09
 
Last Payment Date
Sep-36
Feb-26
Jul-17
Feb-15
Dec-12
             
M-9
Avg Life (years)
28.80
9.12
4.97
4.18
3.04
 
First Payment Date
Mar-33
Feb-11
Apr-10
Jun-10
Jul-09
 
Last Payment Date
Sep-36
Jan-25
Dec-16
Aug-14
Aug-12
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
20

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
Class A-1 Effective Net WAC Schedule*
 
Class A-1 Effective Net WAC Schedule*
 
Period
 
Date
 
Effective Net WAC (%)
 
 
Period
 
Date
 
Effective Net WAC (%)
1
3/25/2007
22.080
 
46
12/25/2010
16.617
2
4/25/2007
20.226
 
47
1/25/2011
16.106
3
5/25/2007
20.484
 
48
2/25/2011
15.929
4
6/25/2007
20.227
 
49
3/25/2011
16.844
5
7/25/2007
20.485
 
50
4/25/2011
15.697
6
8/25/2007
20.227
 
51
5/25/2011
15.865
7
9/25/2007
21.167
 
52
6/25/2011
15.338
8
10/25/2007
21.081
 
53
7/25/2011
15.504
9
11/25/2007
20.770
 
54
8/25/2011
14.971
10
12/25/2007
20.691
 
55
9/25/2011
14.786
11
1/25/2008
20.379
 
56
10/25/2011
14.962
12
2/25/2008
20.185
 
57
11/25/2011
14.420
13
3/25/2008
20.249
 
58
12/25/2011
14.588
14
4/25/2008
19.803
 
59
1/25/2012
14.039
15
5/25/2008
19.742
 
60
2/25/2012
13.847
16
6/25/2008
19.429
 
61
3/25/2012
12.362
17
7/25/2008
19.375
 
62
4/25/2012
11.558
18
8/25/2008
19.057
 
63
5/25/2012
11.933
19
9/25/2008
19.029
 
64
6/25/2012
11.538
20
10/25/2008
19.895
 
65
7/25/2012
11.913
21
11/25/2008
19.039
 
66
8/25/2012
11.519
22
12/25/2008
18.627
 
67
9/25/2012
11.509
23
1/25/2009
17.898
 
68
10/25/2012
11.883
24
2/25/2009
17.716
 
69
11/25/2012
11.490
25
3/25/2009
18.355
 
70
12/25/2012
11.863
26
4/25/2009
17.920
 
71
1/25/2013
11.470
27
5/25/2009
18.001
 
72
2/25/2013
11.461
28
6/25/2009
17.586
 
73
3/25/2013
12.678
29
7/25/2009
17.663
 
74
4/25/2013
11.441
30
8/25/2009
17.250
 
75
5/25/2013
11.812
31
9/25/2009
17.179
 
76
6/25/2013
11.422
32
10/25/2009
18.115
 
77
7/25/2013
11.792
33
11/25/2009
17.677
 
78
8/25/2013
11.402
34
12/25/2009
17.793
 
79
9/25/2013
11.392
35
1/25/2010
17.336
 
80
10/25/2013
11.762
36
2/25/2010
17.169
 
81
11/25/2013
11.373
37
3/25/2010
18.035
 
82
12/25/2013
11.741
38
4/25/2010
17.497
 
83
1/25/2014
11.353
39
5/25/2010
17.652
       
40
6/25/2010
17.161
       
41
7/25/2010
17.309
       
42
8/25/2010
16.814
       
43
9/25/2010
16.650
       
44
10/25/2010
16.963
       
45
11/25/2010
16.459
       

*PPC: 100% (ARM); PPC: 100% (Fixed)
*1 Month LIBOR: 20%
*6 Month Libor: 20%
*Includes Net Swap Payments received from the Swap Provider
*Includes Cap proceeds
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
21

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2

Class A-2 Effective Net WAC Schedule*
 
Class A-2 Effective Net WAC Schedule*
Period
Date
Effective Net WAC (%)
 
Period
Date
Effective Net WAC (%)
1
3/25/2007
22.111
 
46
12/25/2010
16.165
2
4/25/2007
20.251
 
47
1/25/2011
15.670
3
5/25/2007
20.510
 
48
2/25/2011
15.495
4
6/25/2007
20.252
 
49
3/25/2011
16.379
5
7/25/2007
20.512
 
50
4/25/2011
15.246
6
8/25/2007
20.254
 
51
5/25/2011
15.400
7
9/25/2007
21.195
 
52
6/25/2011
14.888
8
10/25/2007
21.110
 
53
7/25/2011
15.044
9
11/25/2007
20.798
 
54
8/25/2011
14.540
10
12/25/2007
20.721
 
55
9/25/2011
14.371
11
1/25/2008
20.408
 
56
10/25/2011
14.587
12
2/25/2008
20.215
 
57
11/25/2011
14.069
13
3/25/2008
20.282
 
58
12/25/2011
14.226
14
4/25/2008
19.835
 
59
1/25/2012
13.691
15
5/25/2008
19.775
 
60
2/25/2012
13.503
16
6/25/2008
19.458
 
61
3/25/2012
12.002
17
7/25/2008
19.405
 
62
4/25/2012
11.237
18
8/25/2008
19.144
 
63
5/25/2012
11.606
19
9/25/2008
19.157
 
64
6/25/2012
11.223
20
10/25/2008
19.724
 
65
7/25/2012
11.589
21
11/25/2008
18.868
 
66
8/25/2012
11.210
22
12/25/2008
18.457
 
67
9/25/2012
11.206
23
1/25/2009
17.739
 
68
10/25/2012
11.589
24
2/25/2009
17.577
 
69
11/25/2012
11.210
25
3/25/2009
18.215
 
70
12/25/2012
11.574
26
4/25/2009
17.703
 
71
1/25/2013
11.193
27
5/25/2009
17.774
 
72
2/25/2013
11.188
28
6/25/2009
17.366
 
73
3/25/2013
12.382
29
7/25/2009
17.438
 
74
4/25/2013
11.191
30
8/25/2009
17.056
 
75
5/25/2013
11.559
31
9/25/2009
17.039
 
76
6/25/2013
11.181
32
10/25/2009
17.775
 
77
7/25/2013
11.544
33
11/25/2009
17.344
 
78
8/25/2013
11.163
34
12/25/2009
17.449
 
79
9/25/2013
11.154
35
1/25/2010
17.004
 
80
10/25/2013
11.517
36
2/25/2010
16.855
 
81
11/25/2013
11.137
37
3/25/2010
17.718
 
82
12/25/2013
11.501
38
4/25/2010
17.075
 
83
1/25/2014
11.121
39
5/25/2010
17.214
       
40
6/25/2010
16.738
       
41
7/25/2010
16.873
       
42
8/25/2010
16.395
       
43
9/25/2010
16.249
       
44
10/25/2010
16.509
       
45
11/25/2010
16.020
       

*PPC: 100% (ARM); PPC: 100% (Fixed)
*1 Month LIBOR: 20%
*6 Month Libor: 20%
*Includes Net Swap Payments received from the Swap Provider
*Includes Cap proceeds

 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
22

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2

Class M Effective Net WAC Schedule*
 
Class M Effective Net WAC Schedule*
 
Period
 
Date
 
Effective Net WAC
(%)
 
 
Period
 
Date
 
Effective Net WAC
(%)
1
3/25/2007
22.096
 
46
12/25/2010
16.383
2
4/25/2007
20.239
 
47
1/25/2011
15.880
3
5/25/2007
20.498
 
48
2/25/2011
15.704
4
6/25/2007
20.240
 
49
3/25/2011
16.603
5
7/25/2007
20.499
 
50
4/25/2011
15.463
6
8/25/2007
20.241
 
51
5/25/2011
15.624
7
9/25/2007
21.182
 
52
6/25/2011
15.105
8
10/25/2007
21.096
 
53
7/25/2011
15.266
9
11/25/2007
20.785
 
54
8/25/2011
14.748
10
12/25/2007
20.706
 
55
9/25/2011
14.571
11
1/25/2008
20.394
 
56
10/25/2011
14.768
12
2/25/2008
20.201
 
57
11/25/2011
14.239
13
3/25/2008
20.266
 
58
12/25/2011
14.400
14
4/25/2008
19.819
 
59
1/25/2012
13.856
15
5/25/2008
19.759
 
60
2/25/2012
13.666
16
6/25/2008
19.444
 
61
3/25/2012
12.173
17
7/25/2008
19.391
 
62
4/25/2012
11.389
18
8/25/2008
19.102
 
63
5/25/2012
11.761
19
9/25/2008
19.095
 
64
6/25/2012
11.372
20
10/25/2008
19.806
 
65
7/25/2012
11.742
21
11/25/2008
18.950
 
66
8/25/2012
11.356
22
12/25/2008
18.539
 
67
9/25/2012
11.350
23
1/25/2009
17.816
 
68
10/25/2012
11.728
24
2/25/2009
17.644
 
69
11/25/2012
11.342
25
3/25/2009
18.282
 
70
12/25/2012
11.711
26
4/25/2009
17.807
 
71
1/25/2013
11.324
27
5/25/2009
17.883
 
72
2/25/2013
11.317
28
6/25/2009
17.472
 
73
3/25/2013
12.522
29
7/25/2009
17.546
 
74
4/25/2013
11.309
30
8/25/2009
17.149
 
75
5/25/2013
11.679
31
9/25/2009
17.106
 
76
6/25/2013
11.295
32
10/25/2009
17.939
 
77
7/25/2013
11.661
33
11/25/2009
17.504
 
78
8/25/2013
11.276
34
12/25/2009
17.615
 
79
9/25/2013
11.267
35
1/25/2010
17.163
 
80
10/25/2013
11.633
36
2/25/2010
17.006
 
81
11/25/2013
11.248
37
3/25/2010
17.870
 
82
12/25/2013
11.615
38
4/25/2010
17.278
 
83
1/25/2014
11.230
39
5/25/2010
17.425
       
40
6/25/2010
16.941
       
41
7/25/2010
17.083
       
42
8/25/2010
16.597
       
43
9/25/2010
16.442
       
44
10/25/2010
16.728
       
45
11/25/2010
16.232
       

*PPC: 100% (ARM); PPC: 100% (Fixed)
*1 Month LIBOR: 20%
*6 Month Libor: 20%
*Includes Net Swap Payments received from the Swap Provider
*Includes Cap proceeds

 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
23

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 

Excess Spread*
(Assumes Pricing Prepayment Speed, Excludes Basis Risk Shortfalls)

Period
Excess
Spread in bp
(Static LIBOR)
 
1 Month Forward
LIBOR (%)
 
6 Month Forward
LIBOR (%)
Excess
Spread in bp
(Forward LIBOR)
Period
Excess
Spread in bp
(Static LIBOR)
 
1 Month Forward
LIBOR (%)
 
6 Month Forward
LIBOR (%)
Excess
Spread in bp
(Forward LIBOR)
1
357
5.3200
5.3800
357
45
502
4.9500
5.0243
501
2
251
5.3455
5.3669
248
46
513
4.9470
5.0359
512
3
268
5.3427
5.3445
266
47
500
4.9450
5.0494
501
4
251
5.3264
5.3183
251
48
499
4.9447
5.0637
501
5
269
5.3238
5.2742
269
49
536
5.0234
5.0770
532
6
252
5.2620
5.2310
257
50
498
5.0251
5.0779
499
7
288
5.2383
5.1891
288
51
510
5.0240
5.0772
511
8
289
5.2139
5.1546
290
52
496
5.0242
5.0772
498
9
287
5.1870
5.1225
288
53
509
5.0243
5.0764
510
10
290
5.0861
5.0884
292
54
495
5.0236
5.0761
498
11
287
5.0510
5.0673
290
55
495
5.0232
5.0755
498
12
287
5.0223
5.0482
290
56
511
5.0227
5.0831
514
13
293
5.0416
5.0278
296
57
497
5.0224
5.0927
501
14
287
5.0167
5.0030
291
58
510
5.0211
5.1011
514
15
290
4.9906
4.9769
295
59
495
5.0206
5.1115
500
16
287
4.9645
4.9508
292
60
494
5.0198
5.1196
500
17
291
4.9379
4.9244
297
61
523
5.0736
5.1292
527
18
291
4.9121
4.8988
298
62
488
5.0747
5.1304
496
19
320
4.8845
4.8729
328
63
505
5.0746
5.1297
512
20
450
4.8604
4.8740
458
64
487
5.0758
5.1300
494
21
445
4.8354
4.8807
455
65
503
5.0748
5.1298
511
22
450
4.8093
4.8899
462
66
486
5.0751
5.1295
493
23
441
4.7857
4.8994
456
67
485
5.0754
5.1299
493
24
442
4.7607
4.9121
458
68
502
5.0744
5.1415
510
25
470
4.9063
4.9277
477
69
484
5.0745
5.1552
493
26
473
4.8958
4.9169
467
70
501
5.0741
5.1694
509
27
482
4.8841
4.9047
475
71
483
5.0736
5.1851
492
28
474
4.8710
4.8921
469
72
482
5.0737
5.1993
491
29
482
4.8602
4.8810
477
73
534
5.1571
5.2162
535
30
474
4.8490
4.8699
471
74
481
5.1590
5.2175
487
31
478
4.8367
4.8584
475
75
498
5.1594
5.2176
503
32
520
4.8252
4.8769
514
76
480
5.1608
5.2191
486
33
512
4.8141
4.9016
508
77
497
5.1606
5.2183
502
34
522
4.8023
4.9277
517
78
479
5.1614
5.2188
485
35
513
4.7916
4.9544
510
79
479
5.1617
5.2193
484
36
513
4.7917
4.9856
511
80
496
5.1616
5.2265
501
37
543
4.9669
5.0141
533
81
478
5.1628
5.2354
483
38
507
4.9659
5.0130
502
82
495
5.1621
5.2458
500
39
507
4.9638
5.0110
503
83
477
5.1620
5.2537
482
40
500
4.9616
5.0082
497
         
41
513
4.9591
5.0055
511
         
42
502
4.9571
5.0037
501
         
43
502
4.9547
5.0008
501
         
44
514
4.9526
5.0107
512
         
*Includes Net Swap Payments received from and paid to the Swap Provider 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
24

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
Breakeven CDR Table for the Mezzanine Certificates
The assumptions for the breakeven CDR table below are as follows:
- The Pricing Prepayment Assumption is applied
- 10% cleanup call is not exercised
- Forward Curves
- 40% Severity
- Interest & Principal advancing
- 6 month recovery lag
- Triggers Failing
- Defaults are in addition to prepayments
The table below displays the Constant Default Rate (“CDR”) and the related cumulative collateral loss before the referenced Class incurs a writedown.


Class
 
CDR Break-Even (%)
 
Cumulative Loss (%)
M-1
40.42
24.93
M-2
31.72
21.81
M-3
27.12
19.87
M-4
23.59
18.21
M-5
20.68
16.71
M-6
18.07
15.24
M-7
15.72
13.80
M-8
13.83
12.56
M-9
12.44
11.59
     
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
25

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 

 
DESCRIPTION OF THE TOTAL COLLATERAL
 
SUMMARY - AGGREGATE POOL*
Number of Mortgage Loans:
4,937
 
Index Type:
 
Aggregate Principal Balance:
$796,434,542
 
6 Month LIBOR:
72.82%
Conforming Principal Balance Loans:
$676,793,982
 
Fixed Rate:
27.18%
Average Principal Balance:
$161,320
 
W.A. Initial Periodic Cap**:
2.977%
Range:
$10,687 - $1,042,990
 
W.A. Subsequent Periodic Cap**:
1.095%
W.A. Coupon:
8.514%
 
W.A. Lifetime Rate Cap**:
6.228%
Range:
5.750% - 14.800%
 
Property Type:
 
W.A. Gross Margin:
6.672%
 
Single Family:
72.10%
Range:
3.000% - 9.700%
 
PUD:
13.22%
W.A. Remaining Term (months):
346
 
2-4 Family:
9.02%
Range (months):
112 - 357
 
Condo:
5.41%
W.A. Seasoning (months):
6
 
Townhouse:
0.23%
Latest Maturity Date:
November 1, 2036
 
Rowhouse:
0.02%
State Concentration (Top 5):
   
Occupancy Status:
 
California:
21.37%
 
Primary:
92.66%
Florida:
11.72%
 
Investment:
6.75%
Illinois:
7.63%
 
Second Home:
0.59%
Texas:
7.49%
 
Documentation Status:
 
New York:
5.10%
 
Full:
45.92%
W.A. Original Combined LTV:
81.34%
 
Stated:
38.86%
Range:
12.31% - 100.00%
 
Limited:
2.60%
First Liens:
95.08%
 
No Documentation:
12.62%
Second Liens:
4.92%
 
Non-Zero W.A. Prepayment Penalty - Term (months):
28
Non-Balloon Loans:
58.02%
 
Loans with Prepay Penalties:
68.98%
Non-Zero W.A. FICO Score:
632
 
Interest Only Loans:
8.98%
     
Non-Zero W.A. Interest Only Term (months):
64
*
Subject to a permitted variance of +/- 10%
**
ARM loans only
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
26

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2

DESCRIPTION OF THE TOTAL COLLATERAL

Originator

Originator
 
Number of Initial Mortgage Loans
 
Aggregate Remaining 
Principal Balance ($)
 
% of Aggregate 
Remaining 
Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original 
CLTV (%)
 
The CIT Group/Consumer Finance, Inc
   
2,311
   
303,279,312
   
38.08
   
8.450
   
634
   
81.64
 
Peoples Choice Home Loan, Inc
   
968
   
195,009,525
   
24.49
   
8.347
   
638
   
80.45
 
First NLC Financial Services, LLC
   
837
   
136,335,314
   
17.12
   
8.614
   
627
   
81.45
 
Impac Funding Corporation
   
324
   
66,074,319
   
8.30
   
8.843
   
625
   
81.63
 
Other
   
497
   
95,736,073
   
12.02
   
8.687
   
625
   
81.87
 
Total:
   
4,937
   
796,434,542
   
100.00
   
8.514
   
632
   
81.34
 

Collateral Type*

Collateral Type
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
Fixed - 10 Year
   
1
   
49,928
   
0.01
   
8.100
   
668
   
64.81
 
Fixed - 15 Year
   
70
   
5,141,379
   
0.65
   
8.793
   
622
   
71.32
 
Fixed - 20 Year
   
52
   
4,290,616
   
0.54
   
8.319
   
625
   
77.72
 
Fixed - 30 Year
   
1,261
   
132,211,722
   
16.60
   
8.646
   
630
   
80.21
 
Fixed - 30 Year IO
   
2
   
599,500
   
0.08
   
8.393
   
680
   
82.93
 
Balloon - 15/30
   
469
   
27,097,114
   
3.40
   
11.686
   
658
   
99.64
 
Balloon - 30/40
   
263
   
43,323,597
   
5.44
   
8.002
   
630
   
78.19
 
Balloon - 30/50
   
24
   
3,753,650
   
0.47
   
8.024
   
654
   
83.42
 
ARM - 1 Year/6 Month
   
2
   
183,320
   
0.02
   
9.308
   
596
   
85.24
 
ARM - 1 Year/6 Month 30/40 Balloon
   
1
   
223,649
   
0.03
   
9.430
   
675
   
80.00
 
ARM - 2 Year/6 Month
   
1,154
   
187,806,695
   
23.58
   
8.788
   
617
   
81.87
 
ARM - 2 Year/6 Month IO
   
182
   
50,458,047
   
6.34
   
7.869
   
662
   
79.43
 
ARM - 2 Year/6 Month 30/40 Balloon
   
779
   
187,294,277
   
23.52
   
8.225
   
630
   
81.12
 
ARM - 2 Year/6 Month 40/10**
   
6
   
1,852,930
   
0.23
   
8.557
   
615
   
84.08
 
ARM - 2 Year/6 Month 30/50 Balloon
   
69
   
19,061,591
   
2.39
   
7.795
   
659
   
82.84
 
ARM - 3 Year/6 Month
   
294
   
53,011,453
   
6.66
   
8.701
   
621
   
80.81
 
ARM - 3 Year/6 Month IO
   
44
   
12,179,261
   
1.53
   
7.860
   
658
   
79.61
 
ARM - 3 Year/6 Month 30/40 Balloon
   
120
   
33,128,352
   
4.16
   
8.232
   
635
   
82.01
 
ARM - 3 Year/6 Month 40/10**
   
4
   
1,395,909
   
0.18
   
7.442
   
719
   
79.85
 
ARM - 3 Year/6 Month 30/50 Balloon
   
50
   
12,043,715
   
1.51
   
8.104
   
652
   
80.85
 
ARM - 5 Year/6 Month
   
23
   
4,524,689
   
0.57
   
8.388
   
616
   
71.57
 
ARM - 5 Year/6 Month IO
   
19
   
5,190,807
   
0.65
   
7.484
   
685
   
76.38
 
* Collateral Type continued on next page
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
27

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2

DESCRIPTION OF THE TOTAL COLLATERAL
 
Collateral Type

Collateral Type
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
ARM - 5 Year/6 Month 30/40 Balloon
   
29
   
7,006,956
   
0.88
   
7.741
   
624
   
78.76
 
ARM - 5 Year/6 Month 40/10**
   
1
   
95,855
   
0.01
   
9.300
   
640
   
95.00
 
ARM - 5 Year/6 Month 30/50 Balloon
   
5
   
987,668
   
0.12
   
7.593
   
686
   
66.18
 
ARM - 10 Year/6 Month IO
   
11
   
3,114,698
   
0.39
   
6.855
   
679
   
80.06
 
ARM - 10 Year/6 Month 30/40 Balloon
   
2
   
407,165
   
0.05
   
8.254
   
590
   
73.27
 
Total:
   
4,937
   
796,434,542
   
100.00
   
8.514
   
632
   
81.34
 
** Mortgage Loans which amortize on a 480 month remaining term to maturity for the first 120 months and thereafter on a 240 month remaining term to maturity

IO Terms

IO Terms (mos.)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
0
   
4,679
   
724,892,230
   
91.02
   
8.585
   
629
   
81.54
 
60
   
235
   
64,839,162
   
8.14
   
7.879
   
663
   
79.49
 
84
   
10
   
3,064,953
   
0.38
   
7.079
   
680
   
76.39
 
120
   
13
   
3,638,198
   
0.46
   
6.996
   
676
   
78.32
 
Total:
   
4,937
   
796,434,542
   
100.00
   
8.514
   
632
   
81.34
 
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
28

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE TOTAL COLLATERAL
 
Principal Balance at Origination

Principal Balance at Origination ($)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
0.01 - 50,000.00
   
359
   
12,245,766
   
1.54
   
11.175
   
647
   
95.72
 
50,000.01 - 100,000.00
   
1,661
   
121,620,070
   
15.27
   
9.278
   
626
   
82.88
 
100,000.01 - 150,000.00
   
918
   
112,903,034
   
14.18
   
8.685
   
627
   
81.42
 
150,000.01 - 200,000.00
   
675
   
117,106,498
   
14.70
   
8.498
   
629
   
80.54
 
200,000.01 - 250,000.00
   
414
   
92,703,195
   
11.64
   
8.291
   
626
   
79.41
 
250,000.01 - 300,000.00
   
287
   
78,572,092
   
9.87
   
8.170
   
632
   
79.95
 
300,000.01 - 350,000.00
   
197
   
63,800,440
   
8.01
   
8.092
   
635
   
80.85
 
350,000.01 - 400,000.00
   
129
   
47,824,846
   
6.00
   
8.138
   
634
   
81.47
 
400,000.01 - 450,000.00
   
97
   
41,068,640
   
5.16
   
8.307
   
629
   
81.32
 
450,000.01 - 500,000.00
   
92
   
43,779,078
   
5.50
   
8.001
   
652
   
81.13
 
500,000.01 - 550,000.00
   
40
   
20,937,870
   
2.63
   
7.926
   
642
   
84.17
 
550,000.01 - 600,000.00
   
29
   
16,616,188
   
2.09
   
7.991
   
654
   
83.42
 
600,000.01 - 650,000.00
   
18
   
11,258,394
   
1.41
   
8.592
   
641
   
83.34
 
650,000.01 - 700,000.00
   
8
   
5,429,736
   
0.68
   
8.343
   
642
   
81.96
 
700,000.01 - 750,000.00
   
5
   
3,657,715
   
0.46
   
8.715
   
660
   
84.33
 
750,000.01 - 800,000.00
   
3
   
2,325,378
   
0.29
   
8.907
   
681
   
80.00
 
800,000.01 - 850,000.00
   
2
   
1,688,210
   
0.21
   
8.661
   
631
   
76.98
 
850,000.01 - 900,000.00
   
1
   
857,918
   
0.11
   
9.650
   
572
   
50.00
 
950,000.01 - 1,000,000.00
   
1
   
996,484
   
0.13
   
8.750
   
613
   
55.56
 
1,000,000.01 or greater
   
1
   
1,042,990
   
0.13
   
7.250
   
644
   
61.75
 
Total:
   
4,937
   
796,434,542
   
100.00
   
8.514
   
632
   
81.34
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
29

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE TOTAL COLLATERAL

Remaining Principal Balance

Remaining Principal Balance ($)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
0.01 - 50,000.00
   
367
   
12,642,860
   
1.59
   
11.094
   
647
   
95.03
 
50,000.01 - 100,000.00
   
1,662
   
122,119,761
   
15.33
   
9.269
   
626
   
82.90
 
100,000.01 - 150,000.00
   
911
   
112,305,634
   
14.10
   
8.695
   
627
   
81.43
 
150,000.01 - 200,000.00
   
675
   
117,206,347
   
14.72
   
8.494
   
629
   
80.45
 
200,000.01 - 250,000.00
   
413
   
92,553,803
   
11.62
   
8.297
   
626
   
79.52
 
250,000.01 - 300,000.00
   
288
   
78,921,622
   
9.91
   
8.161
   
633
   
80.01
 
300,000.01 - 350,000.00
   
198
   
64,250,007
   
8.07
   
8.081
   
635
   
80.76
 
350,000.01 - 400,000.00
   
128
   
47,575,184
   
5.97
   
8.152
   
633
   
81.54
 
400,000.01 - 450,000.00
   
95
   
40,269,362
   
5.06
   
8.317
   
630
   
81.27
 
450,000.01 - 500,000.00
   
92
   
43,779,078
   
5.50
   
8.001
   
652
   
81.13
 
500,000.01 - 550,000.00
   
41
   
21,487,306
   
2.70
   
7.936
   
643
   
84.06
 
550,000.01 - 600,000.00
   
28
   
16,066,752
   
2.02
   
7.980
   
653
   
83.53
 
600,000.01 - 650,000.00
   
18
   
11,258,394
   
1.41
   
8.592
   
641
   
83.34
 
650,000.01 - 700,000.00
   
8
   
5,429,736
   
0.68
   
8.343
   
642
   
81.96
 
700,000.01 - 750,000.00
   
5
   
3,657,715
   
0.46
   
8.715
   
660
   
84.33
 
750,000.01 - 800,000.00
   
3
   
2,325,378
   
0.29
   
8.907
   
681
   
80.00
 
800,000.01 - 850,000.00
   
2
   
1,688,210
   
0.21
   
8.661
   
631
   
76.98
 
850,000.01 - 900,000.00
   
1
   
857,918
   
0.11
   
9.650
   
572
   
50.00
 
950,000.01 - 1,000,000.00
   
1
   
996,484
   
0.13
   
8.750
   
613
   
55.56
 
1,000,000.01 or greater
   
1
   
1,042,990
   
0.13
   
7.250
   
644
   
61.75
 
Total:
   
4,937
   
796,434,542
   
100.00
   
8.514
   
632
   
81.34
 
 
Remaining Term

Months Remaining
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
61 - 120
   
1
   
49,928
   
0.01
   
8.100
   
668
   
64.81
 
121 - 180
   
540
   
32,316,679
   
4.06
   
11.215
   
652
   
95.09
 
181 - 240
   
52
   
4,290,616
   
0.54
   
8.319
   
625
   
77.72
 
301 - 360
   
4,344
   
759,777,319
   
95.40
   
8.400
   
631
   
80.78
 
Total:
   
4,937
   
796,434,542
   
100.00
   
8.514
   
632
   
81.34
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
30

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE TOTAL COLLATERAL

Mortgage Rate

Mortgage Rate (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
5.500 - 5.999
   
7
   
2,358,764
   
0.30
   
5.971
   
697
   
73.96
 
6.000 - 6.499
   
27
   
7,501,685
   
0.94
   
6.314
   
659
   
73.13
 
6.500 - 6.999
   
153
   
40,816,175
   
5.12
   
6.827
   
663
   
75.69
 
7.000 - 7.499
   
432
   
89,494,844
   
11.24
   
7.274
   
653
   
77.24
 
7.500 - 7.999
   
916
   
173,175,415
   
21.74
   
7.764
   
643
   
79.07
 
8.000 - 8.499
   
685
   
123,556,781
   
15.51
   
8.241
   
634
   
79.76
 
8.500 - 8.999
   
827
   
145,353,560
   
18.25
   
8.728
   
623
   
80.77
 
9.000 - 9.499
   
440
   
65,468,766
   
8.22
   
9.220
   
612
   
83.71
 
9.500 - 9.999
   
509
   
71,158,428
   
8.93
   
9.721
   
603
   
85.83
 
10.000 - 10.499
   
212
   
22,450,809
   
2.82
   
10.218
   
602
   
88.66
 
10.500 - 10.999
   
189
   
20,644,806
   
2.59
   
10.702
   
609
   
89.43
 
11.000 - 11.499
   
163
   
11,637,107
   
1.46
   
11.236
   
643
   
93.67
 
11.500 - 11.999
   
120
   
8,019,492
   
1.01
   
11.717
   
633
   
97.74
 
12.000 - 12.499
   
109
   
6,528,186
   
0.82
   
12.229
   
631
   
99.12
 
12.500 - 12.999
   
76
   
4,526,652
   
0.57
   
12.725
   
622
   
99.83
 
13.000 - 13.499
   
45
   
2,310,243
   
0.29
   
13.182
   
618
   
99.97
 
13.500 - 13.999
   
13
   
587,746
   
0.07
   
13.653
   
625
   
99.61
 
14.000 - 14.499
   
8
   
453,400
   
0.06
   
14.248
   
600
   
100.00
 
14.500 - 14.999
   
6
   
391,681
   
0.05
   
14.610
   
596
   
100.00
 
Total:
   
4,937
   
796,434,542
   
100.00
   
8.514
   
632
   
81.34
 
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
31

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE TOTAL COLLATERAL

Original Combined Loan-to-Value Ratio

Original Combined Loan-to-Value Ratio (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
Less than or equal to 50.00
   
103
   
13,301,817
   
1.67
   
8.352
   
608
   
41.19
 
50.01 - 55.00
   
51
   
9,225,469
   
1.16
   
8.010
   
594
   
52.79
 
55.01 - 60.00
   
82
   
15,492,610
   
1.95
   
7.991
   
620
   
57.77
 
60.01 - 65.00
   
98
   
16,969,228
   
2.13
   
7.847
   
620
   
63.11
 
65.01 - 70.00
   
153
   
27,674,841
   
3.47
   
8.129
   
605
   
68.57
 
70.01 - 75.00
   
262
   
49,155,203
   
6.17
   
8.368
   
600
   
73.98
 
75.01 - 80.00
   
2,249
   
393,892,915
   
49.46
   
8.082
   
644
   
79.81
 
80.01 - 85.00
   
343
   
60,489,650
   
7.60
   
8.612
   
609
   
84.33
 
85.01 - 90.00
   
547
   
104,822,600
   
13.16
   
8.854
   
623
   
89.60
 
90.01 - 95.00
   
258
   
40,702,506
   
5.11
   
9.120
   
635
   
94.69
 
95.01 - 100.00
   
791
   
64,707,702
   
8.12
   
10.803
   
646
   
99.92
 
Total:
   
4,937
   
796,434,542
   
100.00
   
8.514
   
632
   
81.34
 
 
FICO Score at Origination

FICO Score At Origination
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
500 - 524
   
69
   
10,699,170
   
1.34
   
9.565
   
514
   
72.32
 
525 - 549
   
210
   
33,071,508
   
4.15
   
9.413
   
539
   
75.69
 
550 - 574
   
358
   
54,987,929
   
6.90
   
8.936
   
562
   
77.96
 
575 - 599
   
633
   
105,966,223
   
13.31
   
8.781
   
588
   
80.80
 
600 - 624
   
925
   
142,240,125
   
17.86
   
8.530
   
613
   
82.31
 
625 - 649
   
1,155
   
182,822,925
   
22.96
   
8.458
   
637
   
82.26
 
650 - 674
   
788
   
123,403,202
   
15.49
   
8.325
   
660
   
82.34
 
675 - 699
   
402
   
68,630,369
   
8.62
   
8.151
   
687
   
82.16
 
700 - 724
   
216
   
40,423,310
   
5.08
   
8.016
   
711
   
82.17
 
725 - 749
   
104
   
16,480,863
   
2.07
   
8.102
   
735
   
80.94
 
750 - 774
   
49
   
11,455,556
   
1.44
   
7.859
   
760
   
82.51
 
775 - 799
   
26
   
5,964,397
   
0.75
   
8.232
   
786
   
82.04
 
800 - 824
   
2
   
288,965
   
0.04
   
8.197
   
802
   
80.00
 
Total:
   
4,937
   
796,434,542
   
100.00
   
8.514
   
632
   
81.34
 
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
32

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2

DESCRIPTION OF THE TOTAL COLLATERAL

Geographic Distribution*

Location
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
California
   
582
   
170,194,939
   
21.37
   
8.134
   
638
   
79.74
 
Florida
   
564
   
93,308,038
   
11.72
   
8.750
   
629
   
80.12
 
Illinois
   
352
   
60,772,562
   
7.63
   
8.802
   
636
   
83.17
 
Texas
   
592
   
59,643,830
   
7.49
   
8.709
   
624
   
80.42
 
New York
   
152
   
40,581,469
   
5.10
   
8.458
   
648
   
79.29
 
Ohio
   
310
   
33,702,106
   
4.23
   
8.407
   
626
   
83.47
 
Arizona
   
175
   
30,749,211
   
3.86
   
8.488
   
634
   
81.74
 
Georgia
   
197
   
27,725,909
   
3.48
   
8.438
   
636
   
83.33
 
Nevada
   
139
   
27,160,913
   
3.41
   
8.133
   
644
   
81.36
 
Maryland
   
131
   
26,270,516
   
3.30
   
8.551
   
625
   
80.99
 
New Jersey
   
107
   
24,091,960
   
3.02
   
8.787
   
629
   
84.15
 
Michigan
   
226
   
23,770,616
   
2.98
   
8.828
   
622
   
83.94
 
Pennsylvania
   
166
   
18,945,651
   
2.38
   
8.650
   
615
   
81.47
 
North Carolina
   
154
   
16,855,542
   
2.12
   
8.449
   
625
   
81.48
 
Virginia
   
103
   
16,061,846
   
2.02
   
8.477
   
641
   
79.86
 
Colorado
   
102
   
15,430,014
   
1.94
   
8.279
   
636
   
82.47
 
Washington
   
67
   
12,637,862
   
1.59
   
8.406
   
615
   
80.22
 
Missouri
   
130
   
12,107,210
   
1.52
   
9.028
   
616
   
84.91
 
Tennessee
   
83
   
10,109,630
   
1.27
   
8.768
   
625
   
84.09
 
Oklahoma
   
82
   
7,390,951
   
0.93
   
8.807
   
619
   
82.83
 
South Carolina
   
63
   
7,244,105
   
0.91
   
8.448
   
638
   
81.71
 
Hawaii
   
17
   
6,632,038
   
0.83
   
7.897
   
640
   
78.10
 
Indiana
   
85
   
6,224,885
   
0.78
   
8.808
   
642
   
84.00
 
Massachusetts
   
26
   
6,056,449
   
0.76
   
8.858
   
617
   
86.01
 
Kentucky
   
65
   
5,782,102
   
0.73
   
8.674
   
620
   
84.47
 
Connecticut
   
25
   
5,503,130
   
0.69
   
8.692
   
634
   
80.28
 
Oregon
   
33
   
5,184,209
   
0.65
   
8.430
   
637
   
82.09
 
Louisiana
   
41
   
4,040,857
   
0.51
   
9.248
   
630
   
85.34
 
Utah
   
19
   
3,252,805
   
0.41
   
8.360
   
639
   
83.40
 
Minnesota
   
21
   
3,149,465
   
0.40
   
8.648
   
634
   
83.53
 
New Mexico
   
16
   
2,618,170
   
0.33
   
8.816
   
603
   
81.69
 
Arkansas
   
28
   
2,600,972
   
0.33
   
8.556
   
627
   
82.55
 
Kansas
   
18
   
2,558,173
   
0.32
   
8.918
   
612
   
82.65
 
Rhode Island
   
6
   
1,180,799
   
0.15
   
9.353
   
620
   
82.82
 
*Geographic Distribution continued on the next page 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
33

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE TOTAL COLLATERAL

Geographic Distribution (Continued)

Location
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
West Virginia
   
10
   
1,104,275
   
0.14
   
8.763
   
628
   
84.36
 
Wisconsin
   
11
   
988,032
   
0.12
   
9.812
   
618
   
85.90
 
Alaska
   
3
   
886,203
   
0.11
   
7.903
   
653
   
73.46
 
Delaware
   
6
   
794,256
   
0.10
   
8.810
   
633
   
83.38
 
Alabama
   
6
   
721,320
   
0.09
   
10.391
   
571
   
85.00
 
Nebraska
   
8
   
586,445
   
0.07
   
9.661
   
582
   
87.00
 
District of Columbia
   
2
   
540,659
   
0.07
   
8.781
   
571
   
83.93
 
Montana
   
2
   
382,962
   
0.05
   
9.274
   
566
   
74.37
 
Iowa
   
4
   
311,557
   
0.04
   
8.779
   
622
   
86.69
 
Mississippi
   
4
   
284,116
   
0.04
   
9.640
   
588
   
87.37
 
Wyoming
   
1
   
100,662
   
0.01
   
10.250
   
565
   
80.00
 
Maine
   
1
   
99,727
   
0.01
   
6.999
   
608
   
51.28
 
Idaho
   
2
   
95,397
   
0.01
   
8.927
   
673
   
87.11
 
Total:
   
4,937
   
796,434,542
   
100.00
   
8.514
   
632
   
81.34
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
34

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE TOTAL COLLATERAL
 
Occupancy Status

Occupancy Status
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
Primary
   
4,527
   
737,961,925
   
92.66
   
8.474
   
631
   
81.25
 
Investment
   
389
   
53,798,175
   
6.75
   
9.032
   
649
   
82.68
 
Second Home
   
21
   
4,674,442
   
0.59
   
8.897
   
640
   
79.89
 
Total:
   
4,937
   
796,434,542
   
100.00
   
8.514
   
632
   
81.34
 

Documentation Type

Program
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
Full Documentation
   
2,605
   
365,705,434
   
45.92
   
8.325
   
619
   
81.63
 
Stated Documentation
   
1,535
   
309,461,524
   
38.86
   
8.741
   
642
   
81.00
 
No Documentation
   
701
   
100,542,828
   
12.62
   
8.551
   
653
   
80.96
 
Limited Documentation
   
96
   
20,724,756
   
2.60
   
8.293
   
619
   
83.34
 
Total:
   
4,937
   
796,434,542
   
100.00
   
8.514
   
632
   
81.34
 
 
Loan Purpose

Purpose
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
Refinance - Cashout
   
2,338
   
397,983,140
   
49.97
   
8.401
   
618
   
78.94
 
Purchase
   
2,328
   
354,577,754
   
44.52
   
8.684
   
648
   
84.02
 
Refinance - Rate Term
   
271
   
43,873,648
   
5.51
   
8.165
   
632
   
81.49
 
Total:
   
4,937
   
796,434,542
   
100.00
   
8.514
   
632
   
81.34
 

Property Type

Property Type
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
Single Family Residence
   
3,758
   
574,213,336
   
72.10
   
8.501
   
629
   
81.23
 
PUD
   
554
   
105,287,059
   
13.22
   
8.363
   
638
   
82.10
 
2-4 Family
   
322
   
71,861,498
   
9.02
   
8.709
   
641
   
80.34
 
Condo
   
281
   
43,056,069
   
5.41
   
8.687
   
640
   
82.60
 
Townhouse
   
19
   
1,819,471
   
0.23
   
9.454
   
605
   
85.08
 
Rowhouse
   
3
   
197,109
   
0.02
   
8.595
   
608
   
65.96
 
Total:
   
4,937
   
796,434,542
   
100.00
   
8.514
   
632
   
81.34
 
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
35

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE TOTAL COLLATERAL

Next Rate Adjustment Date*

Month & Year of Next Rate Adjustment
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
July 2007
   
1
   
89,456
   
0.02
   
8.950
   
603
   
75.00
 
October 2007
   
2
   
317,514
   
0.05
   
9.495
   
650
   
84.43
 
March 2008
   
92
   
13,843,215
   
2.39
   
8.179
   
627
   
82.28
 
April 2008
   
45
   
8,308,544
   
1.43
   
7.930
   
634
   
80.62
 
May 2008
   
44
   
6,349,413
   
1.09
   
8.605
   
623
   
83.53
 
June 2008
   
40
   
9,329,654
   
1.61
   
8.164
   
620
   
80.55
 
July 2008
   
103
   
22,589,969
   
3.90
   
8.685
   
632
   
83.04
 
August 2008
   
228
   
52,383,517
   
9.03
   
8.429
   
627
   
81.43
 
September 2008
   
880
   
203,877,988
   
35.15
   
8.409
   
629
   
80.93
 
October 2008
   
756
   
129,334,939
   
22.30
   
8.404
   
632
   
81.51
 
November 2008
   
2
   
456,301
   
0.08
   
7.322
   
653
   
80.00
 
March 2009
   
3
   
262,820
   
0.05
   
8.745
   
641
   
88.09
 
April 2009
   
2
   
258,408
   
0.04
   
7.557
   
639
   
87.43
 
May 2009
   
2
   
331,458
   
0.06
   
7.834
   
663
   
80.00
 
June 2009
   
3
   
1,191,803
   
0.21
   
8.455
   
624
   
76.28
 
July 2009
   
11
   
2,457,271
   
0.42
   
8.582
   
632
   
84.22
 
August 2009
   
70
   
15,310,922
   
2.64
   
8.232
   
656
   
78.28
 
September 2009
   
370
   
81,547,632
   
14.06
   
8.415
   
630
   
81.09
 
October 2009
   
51
   
10,398,374
   
1.79
   
8.407
   
637
   
84.07
 
March 2011
   
6
   
1,015,438
   
0.18
   
7.301
   
643
   
79.38
 
April 2011
   
1
   
131,512
   
0.02
   
7.200
   
672
   
80.00
 
May 2011
   
1
   
49,750
   
0.01
   
9.150
   
580
   
84.75
 
June 2011
   
1
   
496,000
   
0.09
   
6.990
   
701
   
80.00
 
July 2011
   
5
   
2,300,113
   
0.40
   
6.925
   
692
   
78.15
 
August 2011
   
7
   
2,318,679
   
0.40
   
8.717
   
648
   
69.88
 
September 2011
   
35
   
6,897,551
   
1.19
   
7.989
   
628
   
74.63
 
October 2011
   
21
   
4,596,932
   
0.79
   
7.810
   
634
   
77.23
 
May 2016
   
4
   
552,628
   
0.10
   
6.810
   
672
   
71.11
 
June 2016
   
3
   
1,028,576
   
0.18
   
6.961
   
653
   
80.73
 
July 2016
   
1
   
640,000
   
0.11
   
6.650
   
760
   
84.77
 
September 2016
   
1
   
292,500
   
0.05
   
7.850
   
629
   
90.00
 
October 2016
   
4
   
1,008,158
   
0.17
   
7.178
   
638
   
75.66
 
Total:
   
2,795
   
579,967,036
   
100.00
   
8.376
   
631
   
81.08
 
*ARM Loans Only
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
36

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE TOTAL COLLATERAL

Gross Margin*

Gross Margin (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
3.000 - 3.499
   
2
   
151,446
   
0.03
   
7.857
   
603
   
80.00
 
3.500 - 3.999
   
5
   
1,610,131
   
0.28
   
6.044
   
678
   
74.28
 
4.000 - 4.499
   
8
   
1,897,856
   
0.33
   
6.414
   
705
   
77.99
 
4.500 - 4.999
   
50
   
12,513,008
   
2.16
   
7.175
   
647
   
80.68
 
5.000 - 5.499
   
114
   
24,594,838
   
4.24
   
7.533
   
651
   
79.63
 
5.500 - 5.999
   
458
   
100,431,468
   
17.32
   
8.051
   
640
   
80.85
 
6.000 - 6.499
   
401
   
82,356,631
   
14.20
   
7.802
   
642
   
78.31
 
6.500 - 6.999
   
634
   
135,379,718
   
23.34
   
8.324
   
629
   
80.53
 
7.000 - 7.499
   
413
   
82,534,955
   
14.23
   
8.648
   
628
   
82.01
 
7.500 - 7.999
   
581
   
116,313,663
   
20.06
   
9.069
   
619
   
82.93
 
8.000 - 8.499
   
81
   
16,561,060
   
2.86
   
9.311
   
600
   
83.90
 
8.500 - 8.999
   
33
   
3,962,509
   
0.68
   
10.351
   
615
   
91.00
 
9.000 - 9.499
   
13
   
1,498,604
   
0.26
   
10.764
   
556
   
83.77
 
9.500 - 9.999
   
2
   
161,148
   
0.03
   
11.460
   
661
   
98.25
 
Total:
   
2,795
   
579,967,036
   
100.00
   
8.376
   
631
   
81.08
 
*ARM Loans Only
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
37

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
  
DESCRIPTION OF THE TOTAL COLLATERAL
 
Maximum Mortgage Rate*

Maximum Mortgage Rate (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
11.000 - 11.499
   
1
   
126,811
   
0.02
   
7.400
   
764
   
80.00
 
11.500 - 11.999
   
13
   
3,214,614
   
0.55
   
6.536
   
677
   
74.85
 
12.000 - 12.499
   
12
   
3,089,229
   
0.53
   
6.534
   
656
   
79.25
 
12.500 - 12.999
   
112
   
30,086,167
   
5.19
   
6.855
   
664
   
77.57
 
13.000 - 13.499
   
211
   
49,671,094
   
8.56
   
7.265
   
652
   
78.16
 
13.500 - 13.999
   
430
   
93,878,687
   
16.19
   
7.709
   
644
   
78.89
 
14.000 - 14.499
   
437
   
91,774,542
   
15.82
   
8.082
   
637
   
79.81
 
14.500 - 14.999
   
556
   
122,493,802
   
21.12
   
8.480
   
630
   
81.21
 
15.000 - 15.499
   
320
   
62,903,900
   
10.85
   
8.881
   
625
   
83.18
 
15.500 - 15.999
   
353
   
67,629,551
   
11.66
   
9.316
   
613
   
84.68
 
16.000 - 16.499
   
140
   
21,543,117
   
3.71
   
9.717
   
591
   
84.88
 
16.500 - 16.999
   
124
   
21,481,947
   
3.70
   
10.097
   
588
   
83.74
 
17.000 - 17.499
   
39
   
5,719,364
   
0.99
   
10.519
   
580
   
85.77
 
17.500 - 17.999
   
34
   
5,098,283
   
0.88
   
10.847
   
593
   
87.82
 
18.000 - 18.499
   
11
   
1,007,768
   
0.17
   
11.351
   
570
   
88.07
 
18.500 - 18.999
   
2
   
248,161
   
0.04
   
11.681
   
562
   
87.74
 
Total:
   
2,795
   
579,967,036
   
100.00
   
8.376
   
631
   
81.08
 
*ARM Loans Only  
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
38

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE TOTAL COLLATERAL

Minimum Mortgage Rate*

Minimum Mortgage Rate (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
3.500 - 3.999
   
5
   
1,599,372
   
0.28
   
6.156
   
681
   
74.68
 
4.000 - 4.499
   
6
   
1,374,805
   
0.24
   
6.134
   
704
   
76.65
 
4.500 - 4.999
   
33
   
7,568,296
   
1.30
   
6.874
   
657
   
80.76
 
5.000 - 5.499
   
77
   
16,137,843
   
2.78
   
7.195
   
667
   
79.95
 
5.500 - 5.999
   
207
   
41,258,956
   
7.11
   
7.689
   
648
   
79.52
 
6.000 - 6.499
   
206
   
32,772,989
   
5.65
   
8.038
   
638
   
80.29
 
6.500 - 6.999
   
270
   
51,666,912
   
8.91
   
7.828
   
645
   
79.03
 
7.000 - 7.499
   
318
   
65,597,006
   
11.31
   
7.903
   
642
   
80.06
 
7.500 - 7.999
   
468
   
103,763,323
   
17.89
   
8.082
   
638
   
80.94
 
8.000 - 8.499
   
325
   
74,267,186
   
12.81
   
8.378
   
631
   
80.47
 
8.500 - 8.999
   
397
   
91,087,110
   
15.71
   
8.794
   
620
   
81.04
 
9.000 - 9.499
   
165
   
34,400,502
   
5.93
   
9.297
   
605
   
83.69
 
9.500 - 9.999
   
187
   
38,230,175
   
6.59
   
9.744
   
596
   
84.52
 
10.000 - 10.499
   
59
   
9,168,051
   
1.58
   
10.241
   
589
   
88.25
 
10.500 - 10.999
   
52
   
8,829,990
   
1.52
   
10.681
   
597
   
88.22
 
11.000 - 11.499
   
11
   
1,059,959
   
0.18
   
11.183
   
562
   
86.18
 
11.500 - 11.999
   
8
   
1,070,752
   
0.18
   
11.635
   
585
   
89.58
 
12.000 - 12.499
   
1
   
113,808
   
0.02
   
12.200
   
615
   
95.00
 
Total:
   
2,795
   
579,967,036
   
100.00
   
8.376
   
631
   
81.08
 
*ARM Loans Only  

Initial Periodic Rate Cap*

Initial Periodic Cap (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
1.000
   
10
   
1,871,376
   
0.32
   
7.324
   
653
   
80.77
 
2.000
   
34
   
9,579,711
   
1.65
   
7.657
   
669
   
80.45
 
2.200
   
1
   
63,422
   
0.01
   
11.400
   
528
   
85.00
 
2.490
   
1
   
170,807
   
0.03
   
9.500
   
562
   
90.00
 
3.000
   
2,748
   
567,950,404
   
97.93
   
8.392
   
630
   
81.09
 
3.050
   
1
   
331,315
   
0.06
   
7.500
   
624
   
80.00
 
Total:
   
2,795
   
579,967,036
   
100.00
   
8.376
   
631
   
81.08
 
*ARM Loans Only  
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
39

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE TOTAL COLLATERAL

Subsequent Periodic Rate Cap*

Subsequent Periodic Cap (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
1.000
   
2,296
   
469,368,929
   
80.93
   
8.360
   
632
   
81.27
 
1.500
   
499
   
110,598,107
   
19.07
   
8.445
   
625
   
80.31
 
Total:
   
2,795
   
579,967,036
   
100.00
   
8.376
   
631
   
81.08
 
*ARM Loans Only  

Lifetime Periodic Cap*

Lifetime Periodic Cap (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
2.000 - 2.499
   
2
   
234,229
   
0.04
   
10.014
   
553
   
88.65
 
3.500 - 3.999
   
2
   
256,626
   
0.04
   
8.688
   
623
   
88.88
 
4.000 - 4.499
   
18
   
2,237,948
   
0.39
   
9.141
   
635
   
82.60
 
4.500 - 4.999
   
6
   
744,105
   
0.13
   
8.991
   
648
   
83.77
 
5.000 - 5.499
   
21
   
2,925,821
   
0.50
   
8.689
   
617
   
82.74
 
5.500 - 5.999
   
39
   
8,050,980
   
1.39
   
8.376
   
635
   
81.28
 
6.000 - 6.499
   
2,067
   
421,743,900
   
72.72
   
8.363
   
632
   
81.14
 
6.500 - 6.999
   
10
   
2,083,595
   
0.36
   
7.959
   
599
   
80.89
 
7.000 - 7.499
   
629
   
141,635,941
   
24.42
   
8.397
   
628
   
80.80
 
7.500 - 7.999
   
1
   
53,889
   
0.01
   
10.250
   
647
   
95.00
 
Total:
   
2,795
   
579,967,036
   
100.00
   
8.376
   
631
   
81.08
 
*ARM Loans Only

Original Prepayment Charge Term

Prepayment Penalty Term (mos.)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
0
   
1,604
   
247,060,778
   
31.02
   
8.739
   
632
   
82.15
 
6
   
3
   
625,198
   
0.08
   
8.829
   
607
   
74.48
 
12
   
118
   
30,787,679
   
3.87
   
8.712
   
634
   
80.91
 
24
   
1,607
   
292,371,748
   
36.71
   
8.406
   
632
   
81.86
 
30
   
11
   
2,209,064
   
0.28
   
8.081
   
622
   
80.01
 
36
   
1,594
   
223,380,076
   
28.05
   
8.384
   
631
   
79.87
 
Total:
   
4,937
   
796,434,542
   
100.00
   
8.514
   
632
   
81.34
 
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
40

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE GROUP 1 COLLATERAL
 
SUMMARY - GROUP 1 POOL*
Number of Mortgage Loans:
2,607
 
Index Type:
 
Aggregate Principal Balance:
$382,909,543
 
6 Month LIBOR:
75.01%
Conforming Principal Balance Loans:
$382,909,543
 
Fixed Rate:
24.99%
Average Principal Balance:
$146,877
 
W.A. Initial Periodic Cap**:
2.981%
Range:
$13,473 - $671,069
 
W.A. Subsequent Periodic Cap**:
1.090%
W.A. Coupon:
8.501%
 
W.A. Lifetime Rate Cap**:
6.216%
Range:
5.750% - 14.500%
 
Property Type:
 
W.A. Gross Margin:
6.702%
 
Single Family:
71.10%
Range:
3.000% - 9.700%
 
PUD:
12.57%
W.A. Remaining Term (months):
352
 
2-4 Family:
10.81%
Range (months):
170 - 357
 
Condo:
5.19%
W.A. Seasoning (months):
6
 
Townhouse:
0.29%
Latest Maturity Date:
November 1, 2036
 
Rowhouse:
0.04%
State Concentration (Top 5):
   
Occupancy Status:
 
California:
13.13%
 
Primary:
88.81%
Florida:
10.65%
 
Investment:
10.52%
Illinois:
10.31%
 
Second Home:
0.67%
Texas:
7.66%
 
Documentation Status:
 
Ohio:
4.72%
 
Full:
51.19%
W.A. Original Combined LTV:
80.50%
 
Stated:
34.00%
Range:
17.31% - 100.00%
 
None:
12.61%
First Liens:
97.68%
 
Limited:
2.20%
Second Liens:
2.32%
 
Non-Zero W.A. Prepayment Penalty - Term (months):
28
Non-Balloon Loans:
65.48%
 
Loans with Prepay Penalties:
64.41%
Non-Zero W.A. FICO Score:
623
 
Interest Only Loans:
6.74%
     
Non-Zero W.A. Interest Only Term (months):
60
*
Subject to a permitted variance of +/- 10%
**
ARM loans only
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
41

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE GROUP 1 COLLATERAL

Originator

Originator
 
Number of Initial Mortgage Loans
 
Aggregate 
Remaining 
Principal
Balance ($)
 
% of Aggregate 
Remaining 
Principal
Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original 
CLTV (%)
 
The CIT Group/Consumer Finance, Inc
   
1,305
   
161,898,840
   
42.28
   
8.505
   
629
   
81.65
 
Peoples Choice Home Loan, Inc
   
566
   
99,907,372
   
26.09
   
8.270
   
625
   
77.74
 
First NLC Financial Services, LLC
   
416
   
61,714,801
   
16.12
   
8.624
   
619
   
81.47
 
Lime Financial Services, LTD
   
114
   
17,739,336
   
4.63
   
8.911
   
604
   
82.29
 
Other
   
206
   
41,649,194
   
10.88
   
8.683
   
610
   
80.48
 
Total:
   
2,607
   
382,909,543
   
100.00
   
8.501
   
623
   
80.50
 

Collateral Type

Collateral Type
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
Fixed - 20 Year
   
1
   
22,239
   
0.01
   
13.140
   
629
   
100.00
 
Fixed - 30 Year
   
831
   
87,268,397
   
22.79
   
8.513
   
627
   
79.24
 
Balloon - 15/30
   
118
   
4,580,496
   
1.20
   
11.705
   
654
   
99.84
 
Balloon - 30/40
   
32
   
3,590,153
   
0.94
   
8.222
   
642
   
78.35
 
Balloon - 30/50
   
2
   
233,262
   
0.06
   
7.461
   
683
   
80.00
 
ARM - 2 Year/6 Month
   
739
   
107,200,933
   
28.00
   
8.846
   
611
   
81.31
 
ARM - 2 Year/6 Month IO
   
86
   
19,038,621
   
4.97
   
7.744
   
649
   
79.39
 
ARM - 2 Year/6 Month 30/40 Balloon
   
463
   
93,994,811
   
24.55
   
8.269
   
624
   
80.49
 
ARM - 2 Year/6 Month 40/10*
   
5
   
1,156,197
   
0.30
   
8.320
   
619
   
80.51
 
ARM - 2 Year/6 Month 30/50 Balloon
   
33
   
8,120,025
   
2.12
   
7.617
   
653
   
81.33
 
ARM - 3 Year/6 Month
   
171
   
29,127,021
   
7.61
   
8.727
   
609
   
79.83
 
ARM - 3 Year/6 Month IO
   
28
   
6,779,121
   
1.77
   
7.540
   
664
   
77.75
 
ARM - 3 Year/6 Month 30/40 Balloon
   
70
   
15,347,427
   
4.01
   
8.212
   
618
   
80.75
 
ARM - 3 Year/6 Month 40/10*
   
1
   
122,173
   
0.03
   
7.250
   
669
   
78.27
 
ARM - 3 Year/6 Month 30/50 Balloon
   
27
   
6,328,664
   
1.65
   
7.959
   
653
   
79.43
 
Total:
   
2,607
   
382,909,543
   
100.00
   
8.501
   
623
   
80.50
 

* Mortgage Loans which amortize on a 480 month remaining term to maturity for the first 120 months and thereafter on a 240 month remaining term to maturity
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
42

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE GROUP 1 COLLATERAL

IO Terms

IO Terms (mos.)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
0
   
2,493
   
357,091,801
   
93.26
   
8.560
   
621
   
80.61
 
60
   
114
   
25,817,742
   
6.74
   
7.691
   
653
   
78.96
 
Total:
   
2,607
   
382,909,543
   
100.00
   
8.501
   
623
   
80.50
 
 
Principal Balance at Origination

Principal Balance at Origination ($)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
0.01 - 50,000.00
   
181
   
5,607,161
   
1.46
   
11.096
   
648
   
97.67
 
50,000.01 - 100,000.00
   
857
   
64,171,247
   
16.76
   
8.995
   
622
   
81.74
 
100,000.01 - 150,000.00
   
574
   
70,965,774
   
18.53
   
8.605
   
622
   
80.69
 
150,000.01 - 200,000.00
   
390
   
67,528,004
   
17.64
   
8.488
   
624
   
80.57
 
200,000.01 - 250,000.00
   
222
   
49,819,728
   
13.01
   
8.280
   
618
   
78.06
 
250,000.01 - 300,000.00
   
156
   
42,409,896
   
11.08
   
8.160
   
626
   
79.33
 
300,000.01 - 350,000.00
   
111
   
35,953,836
   
9.39
   
8.084
   
623
   
80.01
 
350,000.01 - 400,000.00
   
74
   
27,591,165
   
7.21
   
8.210
   
625
   
80.51
 
400,000.01 - 450,000.00
   
27
   
11,202,616
   
2.93
   
8.267
   
614
   
80.56
 
450,000.01 - 500,000.00
   
10
   
4,811,504
   
1.26
   
8.343
   
631
   
77.94
 
500,000.01 - 550,000.00
   
3
   
1,545,873
   
0.40
   
8.062
   
613
   
79.47
 
600,000.01 - 650,000.00
   
1
   
631,671
   
0.16
   
8.790
   
672
   
89.58
 
650,000.01 - 700,000.00
   
1
   
671,069
   
0.18
   
7.990
   
701
   
85.00
 
Total:
   
2,607
   
382,909,543
   
100.00
   
8.501
   
623
   
80.50
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
43

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 


DESCRIPTION OF THE GROUP 1 COLLATERAL

Remaining Principal Balance

Remaining Principal Balance ($)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
0.01 - 50,000.00
   
183
   
5,707,025
   
1.49
   
11.032
   
648
   
97.17
 
50,000.01 - 100,000.00
   
861
   
64,670,621
   
16.89
   
8.987
   
622
   
81.75
 
100,000.01 - 150,000.00
   
570
   
70,665,921
   
18.45
   
8.614
   
622
   
80.71
 
150,000.01 - 200,000.00
   
390
   
67,627,853
   
17.66
   
8.481
   
624
   
80.40
 
200,000.01 - 250,000.00
   
221
   
49,670,336
   
12.97
   
8.291
   
618
   
78.25
 
250,000.01 - 300,000.00
   
155
   
42,160,053
   
11.01
   
8.149
   
626
   
79.32
 
300,000.01 - 350,000.00
   
112
   
36,303,801
   
9.48
   
8.082
   
623
   
80.01
 
350,000.01 - 400,000.00
   
75
   
28,040,477
   
7.32
   
8.204
   
623
   
80.62
 
400,000.01 - 450,000.00
   
25
   
10,403,338
   
2.72
   
8.301
   
617
   
80.30
 
450,000.01 - 500,000.00
   
10
   
4,811,504
   
1.26
   
8.343
   
631
   
77.94
 
500,000.01 - 550,000.00
   
3
   
1,545,873
   
0.40
   
8.062
   
613
   
79.47
 
600,000.01 - 650,000.00
   
1
   
631,671
   
0.16
   
8.790
   
672
   
89.58
 
650,000.01 - 700,000.00
   
1
   
671,069
   
0.18
   
7.990
   
701
   
85.00
 
Total:
   
2,607
   
382,909,543
   
100.00
   
8.501
   
623
   
80.50
 
 
Remaining Term

Months Remaining
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
121 - 180
   
119
   
4,658,682
   
1.22
   
11.627
   
654
   
99.51
 
181 - 240
   
1
   
22,239
   
0.01
   
13.140
   
629
   
100.00
 
301 - 360
   
2,487
   
378,228,621
   
98.78
   
8.462
   
623
   
80.27
 
Total:
   
2,607
   
382,909,543
   
100.00
   
8.501
   
623
   
80.50
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
44

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE GROUP 1 COLLATERAL

Mortgage Rate

Mortgage Rate (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
5.500 - 5.999
   
3
   
503,921
   
0.13
   
5.902
   
665
   
80.82
 
6.000 - 6.499
   
15
   
3,609,695
   
0.94
   
6.316
   
657
   
71.36
 
6.500 - 6.999
   
95
   
21,911,893
   
5.72
   
6.824
   
653
   
74.10
 
7.000 - 7.499
   
202
   
36,037,848
   
9.41
   
7.272
   
650
   
76.68
 
7.500 - 7.999
   
488
   
80,881,942
   
21.12
   
7.769
   
640
   
78.27
 
8.000 - 8.499
   
379
   
60,387,078
   
15.77
   
8.246
   
625
   
79.27
 
8.500 - 8.999
   
446
   
72,892,775
   
19.04
   
8.726
   
615
   
80.58
 
9.000 - 9.499
   
270
   
35,212,280
   
9.20
   
9.220
   
606
   
83.88
 
9.500 - 9.999
   
310
   
39,551,391
   
10.33
   
9.709
   
594
   
84.85
 
10.000 - 10.499
   
119
   
11,437,758
   
2.99
   
10.225
   
591
   
86.84
 
10.500 - 10.999
   
110
   
11,185,019
   
2.92
   
10.715
   
590
   
87.87
 
11.000 - 11.499
   
66
   
4,180,429
   
1.09
   
11.218
   
605
   
86.34
 
11.500 - 11.999
   
29
   
1,775,492
   
0.46
   
11.660
   
622
   
96.10
 
12.000 - 12.499
   
36
   
1,662,838
   
0.43
   
12.274
   
618
   
98.48
 
12.500 - 12.999
   
17
   
807,909
   
0.21
   
12.678
   
616
   
100.00
 
13.000 - 13.499
   
18
   
680,240
   
0.18
   
13.202
   
618
   
99.91
 
13.500 - 13.999
   
1
   
34,368
   
0.01
   
13.940
   
621
   
100.00
 
14.000 - 14.499
   
2
   
79,729
   
0.02
   
14.235
   
626
   
100.00
 
14.500 - 14.999
   
1
   
76,936
   
0.02
   
14.500
   
586
   
100.00
 
Total:
   
2,607
   
382,909,543
   
100.00
   
8.501
   
623
   
80.50
 
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
45

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE GROUP 1 COLLATERAL

Original Combined Loan-to-Value Ratio

Original Combined Loan-to-Value Ratio (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
Less than or equal to 50.00
   
52
   
7,429,589
   
1.94
   
8.295
   
613
   
40.84
 
50.01 - 55.00
   
30
   
4,493,245
   
1.17
   
8.232
   
582
   
52.42
 
55.01 - 60.00
   
52
   
10,069,527
   
2.63
   
7.907
   
610
   
58.17
 
60.01 - 65.00
   
60
   
10,855,180
   
2.83
   
7.915
   
612
   
63.24
 
65.01 - 70.00
   
93
   
18,368,103
   
4.80
   
8.176
   
599
   
68.48
 
70.01 - 75.00
   
148
   
25,235,475
   
6.59
   
8.413
   
595
   
73.73
 
75.01 - 80.00
   
1,169
   
170,399,126
   
44.50
   
8.159
   
634
   
79.73
 
80.01 - 85.00
   
210
   
36,272,117
   
9.47
   
8.684
   
603
   
84.40
 
85.01 - 90.00
   
347
   
59,331,709
   
15.49
   
8.904
   
623
   
89.61
 
90.01 - 95.00
   
144
   
21,120,239
   
5.52
   
9.032
   
637
   
94.71
 
95.01 - 100.00
   
302
   
19,335,233
   
5.05
   
10.557
   
639
   
99.92
 
Total:
   
2,607
   
382,909,543
   
100.00
   
8.501
   
623
   
80.50
 
 
FICO Score at Origination

FICO Score At Origination
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
500 - 524
   
45
   
7,522,564
   
1.96
   
9.595
   
514
   
71.87
 
525 - 549
   
144
   
22,079,449
   
5.77
   
9.433
   
539
   
75.91
 
550 - 574
   
223
   
34,681,594
   
9.06
   
8.951
   
561
   
78.12
 
575 - 599
   
368
   
56,078,511
   
14.65
   
8.720
   
587
   
79.35
 
600 - 624
   
523
   
73,792,124
   
19.27
   
8.578
   
613
   
81.89
 
625 - 649
   
540
   
79,101,946
   
20.66
   
8.272
   
637
   
81.70
 
650 - 674
   
399
   
57,389,433
   
14.99
   
8.218
   
660
   
81.98
 
675 - 699
   
183
   
24,357,309
   
6.36
   
8.000
   
686
   
81.92
 
700 - 724
   
95
   
15,579,730
   
4.07
   
7.769
   
710
   
79.82
 
725 - 749
   
58
   
8,516,983
   
2.22
   
8.128
   
735
   
79.91
 
750 - 774
   
19
   
2,228,118
   
0.58
   
8.204
   
758
   
86.57
 
775 - 799
   
9
   
1,516,678
   
0.40
   
8.222
   
781
   
79.95
 
800 - 824
   
1
   
65,104
   
0.02
   
7.500
   
800
   
80.00
 
Total:
   
2,607
   
382,909,543
   
100.00
   
8.501
   
623
   
80.50
 
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
46

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE GROUP 1 COLLATERAL

Geographic Distribution*

Location
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
California
   
179
   
50,292,586
   
13.13
   
8.005
   
622
   
75.68
 
Florida
   
239
   
40,762,034
   
10.65
   
8.663
   
617
   
77.61
 
Illinois
   
241
   
39,468,017
   
10.31
   
8.688
   
629
   
82.59
 
Texas
   
330
   
29,319,961
   
7.66
   
8.751
   
619
   
80.45
 
Ohio
   
165
   
18,067,145
   
4.72
   
8.387
   
628
   
83.86
 
Arizona
   
96
   
16,119,445
   
4.21
   
8.464
   
627
   
81.23
 
Michigan
   
143
   
15,992,727
   
4.18
   
8.767
   
622
   
84.01
 
Georgia
   
122
   
15,917,652
   
4.16
   
8.514
   
632
   
83.58
 
New York
   
58
   
14,497,353
   
3.79
   
8.140
   
628
   
74.13
 
Nevada
   
74
   
13,932,550
   
3.64
   
8.052
   
637
   
81.30
 
Maryland
   
73
   
13,650,392
   
3.56
   
8.432
   
616
   
79.69
 
New Jersey
   
58
   
12,287,796
   
3.21
   
8.651
   
615
   
80.93
 
Colorado
   
72
   
11,229,516
   
2.93
   
8.158
   
634
   
81.27
 
North Carolina
   
100
   
10,739,496
   
2.80
   
8.563
   
623
   
82.16
 
Pennsylvania
   
87
   
9,737,762
   
2.54
   
8.695
   
615
   
83.25
 
Virginia
   
56
   
7,895,608
   
2.06
   
8.490
   
631
   
78.48
 
Washington
   
37
   
7,226,558
   
1.89
   
8.436
   
611
   
80.78
 
Missouri
   
71
   
6,794,738
   
1.77
   
9.131
   
611
   
86.01
 
Indiana
   
64
   
4,675,649
   
1.22
   
8.734
   
637
   
84.24
 
South Carolina
   
41
   
4,522,389
   
1.18
   
8.706
   
632
   
82.36
 
Tennessee
   
40
   
4,288,544
   
1.12
   
8.835
   
620
   
85.35
 
Massachusetts
   
19
   
4,093,122
   
1.07
   
8.796
   
610
   
83.40
 
Connecticut
   
18
   
3,726,402
   
0.97
   
8.656
   
638
   
79.67
 
Kentucky
   
36
   
3,498,365
   
0.91
   
8.774
   
619
   
85.04
 
Oklahoma
   
39
   
3,391,042
   
0.89
   
8.819
   
614
   
81.82
 
Hawaii
   
9
   
3,033,713
   
0.79
   
7.096
   
657
   
71.13
 
Oregon
   
19
   
2,982,104
   
0.78
   
8.492
   
623
   
83.15
 
Minnesota
   
13
   
2,149,803
   
0.56
   
8.709
   
629
   
84.55
 
Arkansas
   
19
   
1,729,303
   
0.45
   
8.469
   
633
   
83.05
 
Louisiana
   
18
   
1,660,820
   
0.43
   
9.133
   
622
   
86.09
 
Kansas
   
11
   
1,535,595
   
0.40
   
9.239
   
584
   
82.26
 
New Mexico
   
10
   
1,504,957
   
0.39
   
8.908
   
589
   
85.78
 
Utah
   
7
   
1,213,983
   
0.32
   
8.565
   
621
   
84.22
 
Wisconsin
   
7
   
821,082
   
0.21
   
9.802
   
618
   
84.98
 
*Geographic Distribution continued on the next page 
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
47

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE GROUP 1 COLLATERAL

Geographic Distribution (Continued)

Location
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
West Virginia
   
7
   
750,095
   
0.20
   
8.668
   
607
   
86.42
 
Alabama
   
6
   
721,320
   
0.19
   
10.391
   
571
   
85.00
 
Delaware
   
4
   
559,343
   
0.15
   
8.744
   
637
   
84.79
 
Nebraska
   
7
   
482,705
   
0.13
   
9.696
   
598
   
88.51
 
Alaska
   
2
   
386,844
   
0.10
   
7.874
   
646
   
72.67
 
Montana
   
2
   
382,962
   
0.10
   
9.274
   
566
   
74.37
 
District of Columbia
   
1
   
376,529
   
0.10
   
8.250
   
561
   
90.00
 
Mississippi
   
4
   
284,116
   
0.07
   
9.640
   
588
   
87.37
 
Iowa
   
2
   
173,497
   
0.05
   
9.280
   
618
   
90.34
 
Idaho
   
1
   
33,923
   
0.01
   
9.990
   
660
   
100.00
 
Total:
   
2,607
   
382,909,543
   
100.00
   
8.501
   
623
   
80.50
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
48

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE GROUP 1 COLLATERAL
 
Occupancy Status

Occupancy Status
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
Primary
   
2,312
   
340,060,733
   
88.81
   
8.431
   
620
   
80.15
 
Investment
   
283
   
40,293,472
   
10.52
   
9.074
   
646
   
83.39
 
Second Home
   
12
   
2,555,338
   
0.67
   
8.786
   
649
   
82.14
 
Total:
   
2,607
   
382,909,543
   
100.00
   
8.501
   
623
   
80.50
 
 
Documentation Type

Program
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
Full Documentation
   
1,467
   
195,998,192
   
51.19
   
8.366
   
616
   
81.60
 
Stated Documentation
   
726
   
130,184,481
   
34.00
   
8.689
   
626
   
78.83
 
No Documentation
   
372
   
48,284,425
   
12.61
   
8.556
   
649
   
80.11
 
Limited Documentation
   
42
   
8,442,445
   
2.20
   
8.418
   
601
   
83.06
 
Total:
   
2,607
   
382,909,543
   
100.00
   
8.501
   
623
   
80.50
 
 
Loan Purpose

Purpose
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
Refinance - Cashout
   
1,434
   
245,391,426
   
64.09
   
8.384
   
615
   
78.57
 
Purchase
   
1,015
   
113,454,058
   
29.63
   
8.792
   
642
   
84.48
 
Refinance - Rate Term
   
158
   
24,064,059
   
6.28
   
8.327
   
624
   
81.52
 
Total:
   
2,607
   
382,909,543
   
100.00
   
8.501
   
623
   
80.50
 

Property Type

Property Type
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
Single Family
   
1,992
   
272,232,306
   
71.10
   
8.503
   
620
   
80.62
 
PUD
   
280
   
48,130,920
   
12.57
   
8.305
   
631
   
81.06
 
2-4 Family
   
187
   
41,390,866
   
10.81
   
8.604
   
631
   
78.34
 
Condo
   
135
   
19,891,344
   
5.19
   
8.676
   
634
   
82.09
 
Townhouse
   
11
   
1,128,574
   
0.29
   
9.536
   
591
   
82.62
 
Rowhouse
   
2
   
135,532
   
0.04
   
8.253
   
614
   
59.58
 
Total:
   
2,607
   
382,909,543
   
100.00
   
8.501
   
623
   
80.50
 
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
49

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE GROUP 1 COLLATERAL

Next Rate Adjustment Date*

Month & Year of Next Rate Adjustment
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
March 2008
   
64
   
9,012,119
   
3.14
   
7.987
   
627
   
81.11
 
April 2008
   
29
   
4,468,856
   
1.56
   
8.078
   
632
   
80.83
 
May 2008
   
29
   
4,330,807
   
1.51
   
8.669
   
621
   
83.50
 
June 2008
   
22
   
4,018,681
   
1.40
   
8.676
   
600
   
85.93
 
July 2008
   
53
   
8,835,347
   
3.08
   
9.047
   
609
   
84.11
 
August 2008
   
114
   
20,324,028
   
7.08
   
8.643
   
616
   
80.83
 
September2008
   
521
   
101,324,559
   
35.28
   
8.413
   
619
   
79.82
 
October 2008
   
492
   
76,739,890
   
26.72
   
8.504
   
624
   
81.29
 
November 2008
   
2
   
456,301
   
0.16
   
7.322
   
653
   
80.00
 
March 2009
   
3
   
262,820
   
0.09
   
8.745
   
641
   
88.09
 
April 2009
   
1
   
95,971
   
0.03
   
9.600
   
645
   
100.00
 
July 2009
   
4
   
558,759
   
0.19
   
8.961
   
629
   
86.80
 
August 2009
   
33
   
5,676,248
   
1.98
   
8.509
   
629
   
78.24
 
September 2009
   
219
   
44,760,990
   
15.58
   
8.357
   
622
   
79.63
 
October 2009
   
37
   
6,349,618
   
2.21
   
8.194
   
626
   
80.98
 
Total:
   
1,623
   
287,214,995
   
100.00
   
8.450
   
621
   
80.61
 
*ARM Loans Only
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
50

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE GROUP 1 COLLATERAL

Gross Margin*

Gross Margin (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
3.000 - 3.499
   
2
   
151,446
   
0.05
   
7.857
   
603
   
80.00
 
3.500 - 3.999
   
3
   
439,400
   
0.15
   
6.188
   
642
   
81.93
 
4.000 - 4.499
   
4
   
530,691
   
0.18
   
6.924
   
670
   
81.49
 
4.500 - 4.999
   
28
   
5,424,633
   
1.89
   
7.002
   
647
   
80.88
 
5.000 - 5.499
   
71
   
13,111,260
   
4.56
   
7.629
   
645
   
79.23
 
5.500 - 5.999
   
252
   
47,736,636
   
16.62
   
8.108
   
628
   
80.49
 
6.000 - 6.499
   
241
   
45,338,480
   
15.79
   
7.840
   
635
   
77.33
 
6.500 - 6.999
   
337
   
61,424,163
   
21.39
   
8.427
   
618
   
80.28
 
7.000 - 7.499
   
254
   
42,442,124
   
14.78
   
8.700
   
619
   
82.00
 
7.500 - 7.999
   
351
   
58,739,905
   
20.45
   
9.154
   
608
   
82.29
 
8.000 - 8.499
   
47
   
8,521,908
   
2.97
   
9.270
   
590
   
82.42
 
8.500 - 8.999
   
22
   
2,233,482
   
0.78
   
10.343
   
593
   
87.28
 
9.000 - 9.499
   
9
   
959,719
   
0.33
   
10.910
   
561
   
78.64
 
9.500 - 9.999
   
2
   
161,148
   
0.06
   
11.460
   
661
   
98.25
 
Total:
   
1,623
   
287,214,995
   
100.00
   
8.450
   
621
   
80.61
 
  *ARM Loans Only

Maximum Mortgage Rate*

Maximum Mortgage Rate (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
11.500 - 11.999
   
5
   
832,523
   
0.29
   
6.962
   
652
   
82.55
 
12.000 - 12.499
   
5
   
1,197,865
   
0.42
   
6.416
   
647
   
79.63
 
12.500 - 12.999
   
66
   
14,414,810
   
5.02
   
6.877
   
650
   
75.95
 
13.000 - 13.499
   
110
   
21,570,721
   
7.51
   
7.254
   
651
   
77.40
 
13.500 - 13.999
   
243
   
45,748,013
   
15.93
   
7.681
   
638
   
77.38
 
14.000 - 14.499
   
261
   
46,879,554
   
16.32
   
8.109
   
628
   
79.19
 
14.500 - 14.999
   
313
   
58,512,649
   
20.37
   
8.514
   
622
   
81.49
 
15.000 - 15.499
   
197
   
31,987,376
   
11.14
   
8.953
   
616
   
83.43
 
15.500 - 15.999
   
219
   
36,760,466
   
12.80
   
9.358
   
598
   
83.50
 
16.000 - 16.499
   
73
   
10,160,280
   
3.54
   
9.740
   
583
   
84.57
 
16.500 - 16.999
   
77
   
11,941,309
   
4.16
   
10.151
   
572
   
83.38
 
17.000 - 17.499
   
26
   
3,454,033
   
1.20
   
10.574
   
565
   
80.02
 
17.500 - 17.999
   
23
   
3,274,070
   
1.14
   
10.874
   
597
   
88.06
 
18.000 - 18.499
   
5
   
481,326
   
0.17
   
11.565
   
580
   
91.31
 
Total:
   
1,623
   
287,214,995
   
100.00
   
8.450
   
621
   
80.61
 
*ARM Loans Only
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
51

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 

 
DESCRIPTION OF THE GROUP 1 COLLATERAL

Minimum Mortgage Rate*

Minimum Mortgage Rate (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
3.500 - 3.999
   
3
   
428,641
   
0.15
   
6.610
   
651
   
83.62
 
4.000 - 4.499
   
3
   
451,639
   
0.16
   
6.237
   
668
   
80.00
 
4.500 - 4.999
   
21
   
3,809,711
   
1.33
   
6.941
   
650
   
81.50
 
5.000 - 5.499
   
49
   
8,530,659
   
2.97
   
7.355
   
651
   
80.24
 
5.500 - 5.999
   
120
   
20,520,671
   
7.14
   
7.774
   
638
   
78.62
 
6.000 - 6.499
   
129
   
19,470,700
   
6.78
   
8.035
   
635
   
79.78
 
6.500 - 6.999
   
163
   
29,520,652
   
10.28
   
7.771
   
643
   
78.11
 
7.000 - 7.499
   
185
   
31,294,214
   
10.90
   
8.159
   
637
   
80.26
 
7.500 - 7.999
   
261
   
48,338,751
   
16.83
   
8.265
   
626
   
80.89
 
8.000 - 8.499
   
177
   
35,066,158
   
12.21
   
8.403
   
619
   
80.09
 
8.500 - 8.999
   
221
   
43,085,716
   
15.00
   
8.803
   
606
   
80.55
 
9.000 - 9.499
   
94
   
15,394,991
   
5.36
   
9.334
   
591
   
82.20
 
9.500 - 9.999
   
117
   
20,123,862
   
7.01
   
9.734
   
582
   
83.47
 
10.000 - 10.499
   
34
   
4,731,918
   
1.65
   
10.250
   
580
   
85.60
 
10.500 - 10.999
   
35
   
5,199,826
   
1.81
   
10.715
   
587
   
86.29
 
11.000 - 11.499
   
6
   
587,406
   
0.20
   
11.122
   
571
   
87.95
 
11.500 - 11.999
   
4
   
545,669
   
0.19
   
11.621
   
588
   
90.04
 
12.000 - 12.499
   
1
   
113,808
   
0.04
   
12.200
   
615
   
95.00
 
Total:
   
1,623
   
287,214,995
   
100.00
   
8.450
   
621
   
80.61
 
*ARM Loans Only
Initial Periodic Rate Cap*

Initial Periodic Cap (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
1.000
   
1
   
122,739
   
0.04
   
10.350
   
635
   
100.00
 
2.000
   
22
   
5,164,218
   
1.80
   
7.700
   
660
   
78.37
 
2.490
   
1
   
170,807
   
0.06
   
9.500
   
562
   
90.00
 
3.000
   
1,598
   
281,425,915
   
97.98
   
8.464
   
620
   
80.63
 
3.050
   
1
   
331,315
   
0.12
   
7.500
   
624
   
80.00
 
Total:
   
1,623
   
287,214,995
   
100.00
   
8.450
   
621
   
80.61
 
*ARM Loans Only  

 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
52

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 

 
DESCRIPTION OF THE GROUP 1 COLLATERAL

Subsequent Periodic Rate Cap*

Subsequent Periodic Cap (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
1.000
   
1,377
   
235,490,697
   
81.99
   
8.449
   
622
   
80.70
 
1.500
   
246
   
51,724,298
   
18.01
   
8.455
   
615
   
80.19
 
Total:
   
1,623
   
287,214,995
   
100.00
   
8.450
   
621
   
80.61
 
*ARM Loans Only
 
Lifetime Periodic Cap*

Lifetime Periodic Cap (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
2.000 - 2.499
   
1
   
170,807
   
0.06
   
9.500
   
562
   
90.00
 
3.500 - 3.999
   
1
   
99,543
   
0.03
   
9.300
   
656
   
95.00
 
4.000 - 4.499
   
9
   
1,005,558
   
0.35
   
9.538
   
625
   
85.37
 
4.500 - 4.999
   
4
   
543,062
   
0.19
   
9.464
   
633
   
85.16
 
5.000 - 5.499
   
14
   
1,748,668
   
0.61
   
8.834
   
639
   
84.59
 
5.500 - 5.999
   
25
   
4,643,143
   
1.62
   
8.354
   
617
   
80.16
 
6.000 - 6.499
   
1,242
   
210,328,989
   
73.23
   
8.460
   
622
   
80.62
 
6.500 - 6.999
   
9
   
1,974,097
   
0.69
   
7.915
   
603
   
80.94
 
7.000 - 7.499
   
318
   
66,701,127
   
23.22
   
8.402
   
619
   
80.33
 
Total:
   
1,623
   
287,214,995
   
100.00
   
8.450
   
621
   
80.61
 
*ARM Loans Only
 
Original Prepayment Charge Term

Prepayment Penalty Term (mos.)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
0
   
971
   
136,286,045
   
35.59
   
8.692
   
621
   
81.18
 
6
   
3
   
625,198
   
0.16
   
8.829
   
607
   
74.48
 
12
   
43
   
9,977,892
   
2.61
   
8.338
   
615
   
77.65
 
24
   
840
   
136,738,385
   
35.71
   
8.393
   
625
   
80.72
 
30
   
6
   
1,105,176
   
0.29
   
7.976
   
625
   
80.13
 
36
   
744
   
98,176,846
   
25.64
   
8.408
   
625
   
79.59
 
Total:
   
2,607
   
382,909,543
   
100.00
   
8.501
   
623
   
80.50
 
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
53

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE GROUP 2 COLLATERAL
 
SUMMARY - GROUP 2 POOL*
Number of Mortgage Loans:
2,330
 
Index Type:
 
Aggregate Principal Balance:
$413,524,999
 
6 Month LIBOR:
70.79%
Conforming Principal Balance Loans:
$293,884,440
 
Fixed Rate:
29.21%
Average Principal Balance:
$177,479
 
W.A. Initial Periodic Cap**:
2.973%
Range:
$10,687 - $1,042,990
 
W.A. Subsequent Periodic Cap**:
1.101%
W.A. Coupon:
8.526%
 
W.A. Lifetime Rate Cap**:
6.240%
Range:
5.990% - 14.800%
 
Property Type:
 
W.A. Gross Margin:
6.642%
 
Single Family:
73.03%
Range:
3.990% - 9.250%
 
PUD:
13.82%
W.A. Remaining Term (months):
341
 
2-4 Family:
7.37%
Range (months):
112 - 356
 
Condo:
5.60%
W.A. Seasoning (months):
6
 
Townhouse:
0.17%
Latest Maturity Date:
October 1, 2036
 
Rowhouse:
0.01%
State Concentration (Top 5):
   
Occupancy Status:
 
California:
29.00%
 
Primary:
96.22%
Florida:
12.71%
 
Investment:
3.27%
Texas:
7.33%
 
Second Home:
0.51%
New York:
6.31%
 
Documentation Status:
 
Illinois:
5.15%
 
Full:
41.04%
W.A. Original Combined LTV:
82.12%
 
Stated:
43.35%
Range:
12.31% - 100.00%
 
Limited:
2.97%
First Liens:
92.67%
 
None:
12.64%
Second Liens:
7.33%
 
Non-Zero W.A. Prepayment Penalty - Term (months):
28
Non-Balloon Loans:
51.12%
 
Loans with Prepay Penalties:
73.21%
Non-Zero W.A. FICO Score:
640
 
Interest Only Loans:
11.06%
     
Non-Zero W.A. Interest Only Term (months):
66
*
Subject to a permitted variance of +/- 10%
**
ARM loans only
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
54

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE GROUP 2 COLLATERAL
 
Originator

Originator
 
Number of Initial Mortgage Loans
 
Aggregate Remaining 
Principal Balance ($)
 
% of Aggregate 
Remaining 
Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original
CLTV (%)
 
The CIT Group/Consumer Finance, Inc
   
1,006
   
141,380,472
   
34.19
   
8.388
   
640
   
81.62
 
Peoples Choice Home Loan, Inc
   
402
   
95,102,153
   
23.00
   
8.428
   
651
   
83.30
 
First NLC Financial Services, LLC
   
421
   
74,620,513
   
18.04
   
8.606
   
633
   
81.44
 
Impac Funding Corporation
   
249
   
50,847,448
   
12.30
   
8.731
   
632
   
80.93
 
Other
   
252
   
51,574,413
   
12.47
   
8.770
   
637
   
83.46
 
Total:
   
2,330
   
413,524,999
   
100.00
   
8.526
   
640
   
82.12
 

Collateral Type*

Collateral Type
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
Fixed - 10 Year
   
1
   
49,928
   
0.01
   
8.100
   
668
   
64.81
 
Fixed - 15 Year
   
70
   
5,141,379
   
1.24
   
8.793
   
622
   
71.32
 
Fixed - 20 Year
   
51
   
4,268,377
   
1.03
   
8.294
   
625
   
77.61
 
Fixed - 30 Year
   
430
   
44,943,325
   
10.87
   
8.905
   
636
   
82.11
 
Fixed - 30 Year IO
   
2
   
599,500
   
0.14
   
8.393
   
680
   
82.93
 
Balloon - 15/30
   
351
   
22,516,617
   
5.45
   
11.682
   
659
   
99.60
 
Balloon - 30/40
   
231
   
39,733,444
   
9.61
   
7.982
   
629
   
78.18
 
Balloon - 30/50
   
22
   
3,520,388
   
0.85
   
8.061
   
652
   
83.65
 
ARM - 1 Year/6 Month
   
2
   
183,320
   
0.04
   
9.308
   
596
   
85.24
 
ARM - 1 Year/6 Month 30/40 Balloon
   
1
   
223,649
   
0.05
   
9.430
   
675
   
80.00
 
ARM - 2 Year/6 Month
   
415
   
80,605,762
   
19.49
   
8.711
   
626
   
82.61
 
ARM - 2 Year/6 Month IO
   
96
   
31,419,426
   
7.60
   
7.944
   
670
   
79.46
 
ARM - 2 Year/6 Month 30/40 Balloon
   
316
   
93,299,466
   
22.56
   
8.180
   
636
   
81.74
 
ARM - 2 Year/6 Month 40/10**
   
1
   
696,732
   
0.17
   
8.950
   
607
   
90.00
 
ARM - 2 Year/6 Month 30/50 Balloon
   
36
   
10,941,566
   
2.65
   
7.928
   
662
   
83.97
 
ARM - 3 Year/6 Month
   
123
   
23,884,432
   
5.78
   
8.669
   
636
   
82.00
 
ARM - 3 Year/6 Month IO
   
16
   
5,400,140
   
1.31
   
8.261
   
650
   
81.96
 
ARM - 3 Year/6 Month 30/40 Balloon
   
50
   
17,780,925
   
4.30
   
8.250
   
650
   
83.10
 
ARM - 3 Year/6 Month 40/10**
   
3
   
1,273,736
   
0.31
   
7.461
   
724
   
80.00
 
ARM - 3 Year/6 Month 30/50 Balloon
   
23
   
5,715,050
   
1.38
   
8.264
   
651
   
82.43
 
ARM - 5 Year/6 Month
   
23
   
4,524,689
   
1.09
   
8.388
   
616
   
71.57
 
ARM - 5 Year/6 Month IO
   
19
   
5,190,807
   
1.26
   
7.484
   
685
   
76.38
 
* Continued on next page
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
55

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2

DESCRIPTION OF THE GROUP 2 COLLATERAL

Collateral Type (Continued)

Collateral Type
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
ARM - 5 Year/6 Month 30/40 Balloon
   
29
   
7,006,956
   
1.69
   
7.741
   
624
   
78.76
 
ARM - 5 Year/6 Month 40/10**
   
1
   
95,855
   
0.02
   
9.300
   
640
   
95.00
 
ARM - 5 Year/6 Month 30/50 Balloon
   
5
   
987,668
   
0.24
   
7.593
   
686
   
66.18
 
ARM - 10 Year/6 Month IO
   
11
   
3,114,698
   
0.75
   
6.855
   
679
   
80.06
 
ARM - 10 Year/6 Month 30/40 Balloon
   
2
   
407,165
   
0.10
   
8.254
   
590
   
73.27
 
Total:
   
2,330
   
413,524,999
   
100.00
   
8.526
   
640
   
82.12
 
** Mortgage Loans which amortize on a 480 month remaining term to maturity for the first 120 months and thereafter on a 240 month remaining term to maturity

IO Terms

IO Terms (mos.)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
0
   
2,186
   
367,800,429
   
88.94
   
8.609
   
636
   
82.45
 
60
   
121
   
39,021,420
   
9.44
   
8.003
   
669
   
79.84
 
84
   
10
   
3,064,953
   
0.74
   
7.079
   
680
   
76.39
 
120
   
13
   
3,638,198
   
0.88
   
6.996
   
676
   
78.32
 
Total:
   
2,330
   
413,524,999
   
100.00
   
8.526
   
640
   
82.12
 
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
56

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE GROUP 2 COLLATERAL

Principal Balance at Origination

Principal Balance at Origination ($)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
0.01 - 50,000.00
   
178
   
6,638,605
   
1.61
   
11.242
   
645
   
94.09
 
50,000.01 - 100,000.00
   
804
   
57,448,823
   
13.89
   
9.593
   
629
   
84.15
 
100,000.01 - 150,000.00
   
344
   
41,937,260
   
10.14
   
8.822
   
635
   
82.66
 
150,000.01 - 200,000.00
   
285
   
49,578,494
   
11.99
   
8.513
   
635
   
80.51
 
200,000.01 - 250,000.00
   
192
   
42,883,467
   
10.37
   
8.304
   
636
   
80.99
 
250,000.01 - 300,000.00
   
131
   
36,162,196
   
8.74
   
8.181
   
640
   
80.67
 
300,000.01 - 350,000.00
   
86
   
27,846,605
   
6.73
   
8.102
   
650
   
81.94
 
350,000.01 - 400,000.00
   
55
   
20,233,682
   
4.89
   
8.040
   
646
   
82.77
 
400,000.01 - 450,000.00
   
70
   
29,866,024
   
7.22
   
8.322
   
635
   
81.61
 
450,000.01 - 500,000.00
   
82
   
38,967,574
   
9.42
   
7.959
   
654
   
81.52
 
500,000.01 - 550,000.00
   
37
   
19,391,997
   
4.69
   
7.915
   
645
   
84.54
 
550,000.01 - 600,000.00
   
29
   
16,616,188
   
4.02
   
7.991
   
654
   
83.42
 
600,000.01 - 650,000.00
   
17
   
10,626,723
   
2.57
   
8.580
   
639
   
82.97
 
650,000.01 - 700,000.00
   
7
   
4,758,666
   
1.15
   
8.393
   
634
   
81.53
 
700,000.01 - 750,000.00
   
5
   
3,657,715
   
0.88
   
8.715
   
660
   
84.33
 
750,000.01 - 800,000.00
   
3
   
2,325,378
   
0.56
   
8.907
   
681
   
80.00
 
800,000.01 - 850,000.00
   
2
   
1,688,210
   
0.41
   
8.661
   
631
   
76.98
 
850,000.01 - 900,000.00
   
1
   
857,918
   
0.21
   
9.650
   
572
   
50.00
 
950,000.01 - 1,000,000.00
   
1
   
996,484
   
0.24
   
8.750
   
613
   
55.56
 
1,000,000.01 or greater
   
1
   
1,042,990
   
0.25
   
7.250
   
644
   
61.75
 
Total:
   
2,330
   
413,524,999
   
100.00
   
8.526
   
640
   
82.12
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
57

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE GROUP 2 COLLATERAL

Remaining Principal Balance

Remaining Principal Balance ($)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
0.01 - 50,000.00
   
184
   
6,935,835
   
1.68
   
11.144
   
646
   
93.28
 
50,000.01 - 100,000.00
   
801
   
57,449,139
   
13.89
   
9.586
   
629
   
84.19
 
100,000.01 - 150,000.00
   
341
   
41,639,713
   
10.07
   
8.831
   
634
   
82.65
 
150,000.01 - 200,000.00
   
285
   
49,578,494
   
11.99
   
8.513
   
635
   
80.51
 
200,000.01 - 250,000.00
   
192
   
42,883,467
   
10.37
   
8.304
   
636
   
80.99
 
250,000.01 - 300,000.00
   
133
   
36,761,570
   
8.89
   
8.175
   
640
   
80.80
 
300,000.01 - 350,000.00
   
86
   
27,946,206
   
6.76
   
8.081
   
651
   
81.74
 
350,000.01 - 400,000.00
   
53
   
19,534,707
   
4.72
   
8.078
   
646
   
82.87
 
400,000.01 - 450,000.00
   
70
   
29,866,024
   
7.22
   
8.322
   
635
   
81.61
 
450,000.01 - 500,000.00
   
82
   
38,967,574
   
9.42
   
7.959
   
654
   
81.52
 
500,000.01 - 550,000.00
   
38
   
19,941,433
   
4.82
   
7.926
   
645
   
84.42
 
550,000.01 - 600,000.00
   
28
   
16,066,752
   
3.89
   
7.980
   
653
   
83.53
 
600,000.01 - 650,000.00
   
17
   
10,626,723
   
2.57
   
8.580
   
639
   
82.97
 
650,000.01 - 700,000.00
   
7
   
4,758,666
   
1.15
   
8.393
   
634
   
81.53
 
700,000.01 - 750,000.00
   
5
   
3,657,715
   
0.88
   
8.715
   
660
   
84.33
 
750,000.01 - 800,000.00
   
3
   
2,325,378
   
0.56
   
8.907
   
681
   
80.00
 
800,000.01 - 850,000.00
   
2
   
1,688,210
   
0.41
   
8.661
   
631
   
76.98
 
850,000.01 - 900,000.00
   
1
   
857,918
   
0.21
   
9.650
   
572
   
50.00
 
950,000.01 - 1,000,000.00
   
1
   
996,484
   
0.24
   
8.750
   
613
   
55.56
 
1,000,000.01 or greater
   
1
   
1,042,990
   
0.25
   
7.250
   
644
   
61.75
 
Total:
   
2,330
   
413,524,999
   
100.00
   
8.526
   
640
   
82.12
 
 
Remaining Term

Months Remaining
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
61 - 120
   
1
   
49,928
   
0.01
   
8.100
   
668
   
64.81
 
121 - 180
   
421
   
27,657,997
   
6.69
   
11.145
   
652
   
94.35
 
181 - 240
   
51
   
4,268,377
   
1.03
   
8.294
   
625
   
77.61
 
301 - 360
   
1,857
   
381,548,697
   
92.27
   
8.339
   
639
   
81.29
 
Total:
   
2,330
   
413,524,999
   
100.00
   
8.526
   
640
   
82.12
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
58

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE GROUP 2 COLLATERAL

Mortgage Rate

Mortgage Rate (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
5.500 - 5.999
   
4
   
1,854,843
   
0.45
   
5.990
   
705
   
72.09
 
6.000 - 6.499
   
12
   
3,891,990
   
0.94
   
6.311
   
662
   
74.78
 
6.500 - 6.999
   
58
   
18,904,282
   
4.57
   
6.829
   
674
   
77.52
 
7.000 - 7.499
   
230
   
53,456,996
   
12.93
   
7.275
   
655
   
77.63
 
7.500 - 7.999
   
428
   
92,293,473
   
22.32
   
7.760
   
646
   
79.77
 
8.000 - 8.499
   
306
   
63,169,702
   
15.28
   
8.235
   
643
   
80.22
 
8.500 - 8.999
   
381
   
72,460,786
   
17.52
   
8.730
   
631
   
80.96
 
9.000 - 9.499
   
170
   
30,256,486
   
7.32
   
9.220
   
618
   
83.51
 
9.500 - 9.999
   
199
   
31,607,037
   
7.64
   
9.736
   
615
   
87.07
 
10.000 - 10.499
   
93
   
11,013,051
   
2.66
   
10.210
   
613
   
90.55
 
10.500 - 10.999
   
79
   
9,459,787
   
2.29
   
10.687
   
633
   
91.29
 
11.000 - 11.499
   
97
   
7,456,677
   
1.80
   
11.246
   
664
   
97.79
 
11.500 - 11.999
   
91
   
6,244,000
   
1.51
   
11.733
   
636
   
98.20
 
12.000 - 12.499
   
73
   
4,865,348
   
1.18
   
12.214
   
636
   
99.35
 
12.500 - 12.999
   
59
   
3,718,743
   
0.90
   
12.735
   
624
   
99.80
 
13.000 - 13.499
   
27
   
1,630,003
   
0.39
   
13.174
   
619
   
100.00
 
13.500 - 13.999
   
12
   
553,378
   
0.13
   
13.635
   
626
   
99.59
 
14.000 - 14.499
   
6
   
373,671
   
0.09
   
14.250
   
595
   
100.00
 
14.500 - 14.999
   
5
   
314,745
   
0.08
   
14.637
   
599
   
100.00
 
Total:
   
2,330
   
413,524,999
   
100.00
   
8.526
   
640
   
82.12
 
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
59

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE GROUP 2 COLLATERAL

Original Combined Loan-to-Value Ratio

Original Combined Loan-to-Value Ratio (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
Less than or equal to 50.00
   
51
   
5,872,228
   
1.42
   
8.425
   
601
   
41.63
 
50.01 - 55.00
   
21
   
4,732,224
   
1.14
   
7.799
   
605
   
53.14
 
55.01 - 60.00
   
30
   
5,423,083
   
1.31
   
8.148
   
638
   
57.02
 
60.01 - 65.00
   
38
   
6,114,048
   
1.48
   
7.725
   
634
   
62.88
 
65.01 - 70.00
   
60
   
9,306,738
   
2.25
   
8.037
   
615
   
68.75
 
70.01 - 75.00
   
114
   
23,919,727
   
5.78
   
8.320
   
606
   
74.25
 
75.01 - 80.00
   
1,080
   
223,493,789
   
54.05
   
8.023
   
651
   
79.87
 
80.01 - 85.00
   
133
   
24,217,533
   
5.86
   
8.504
   
618
   
84.22
 
85.01 - 90.00
   
200
   
45,490,891
   
11.00
   
8.788
   
622
   
89.60
 
90.01 - 95.00
   
114
   
19,582,267
   
4.74
   
9.215
   
633
   
94.66
 
95.01 - 100.00
   
489
   
45,372,469
   
10.97
   
10.908
   
649
   
99.93
 
Total:
   
2,330
   
413,524,999
   
100.00
   
8.526
   
640
   
82.12
 
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
60

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE GROUP 2 COLLATERAL

FICO Score at Origination

FICO Score At Origination
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
500 - 524
   
24
   
3,176,606
   
0.77
   
9.492
   
515
   
73.37
 
525 - 549
   
66
   
10,992,060
   
2.66
   
9.374
   
538
   
75.26
 
550 - 574
   
135
   
20,306,336
   
4.91
   
8.912
   
564
   
77.68
 
575 - 599
   
265
   
49,887,711
   
12.06
   
8.849
   
589
   
82.42
 
600 - 624
   
402
   
68,448,001
   
16.55
   
8.479
   
613
   
82.76
 
625 - 649
   
615
   
103,720,979
   
25.08
   
8.600
   
637
   
82.68
 
650 - 674
   
389
   
66,013,769
   
15.96
   
8.418
   
660
   
82.65
 
675 - 699
   
219
   
44,273,060
   
10.71
   
8.234
   
687
   
82.28
 
700 - 724
   
121
   
24,843,580
   
6.01
   
8.171
   
711
   
83.64
 
725 - 749
   
46
   
7,963,880
   
1.93
   
8.076
   
735
   
82.03
 
750 - 774
   
30
   
9,227,437
   
2.23
   
7.775
   
760
   
81.53
 
775 - 799
   
17
   
4,447,719
   
1.08
   
8.235
   
787
   
82.75
 
800 - 824
   
1
   
223,861
   
0.05
   
8.400
   
803
   
80.00
 
Total:
   
2,330
   
413,524,999
   
100.00
   
8.526
   
640
   
82.12
 
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
61

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2

DESCRIPTION OF THE GROUP 2 COLLATERAL

Geographic Distribution*

Location
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
California
   
403
   
119,902,353
   
29.00
   
8.188
   
644
   
81.44
 
Florida
   
325
   
52,546,004
   
12.71
   
8.818
   
639
   
82.07
 
Texas
   
262
   
30,323,869
   
7.33
   
8.668
   
629
   
80.39
 
New York
   
94
   
26,084,115
   
6.31
   
8.635
   
659
   
82.17
 
Illinois
   
111
   
21,304,545
   
5.15
   
9.015
   
649
   
84.23
 
Ohio
   
145
   
15,634,960
   
3.78
   
8.431
   
624
   
83.02
 
Arizona
   
79
   
14,629,766
   
3.54
   
8.515
   
643
   
82.30
 
Nevada
   
65
   
13,228,363
   
3.20
   
8.218
   
652
   
81.43
 
Maryland
   
58
   
12,620,124
   
3.05
   
8.678
   
635
   
82.40
 
Georgia
   
75
   
11,808,257
   
2.86
   
8.336
   
640
   
83.00
 
New Jersey
   
49
   
11,804,164
   
2.85
   
8.929
   
644
   
87.50
 
Pennsylvania
   
79
   
9,207,889
   
2.23
   
8.603
   
616
   
79.58
 
Virginia
   
47
   
8,166,238
   
1.97
   
8.465
   
650
   
81.19
 
Michigan
   
83
   
7,777,888
   
1.88
   
8.951
   
622
   
83.80
 
North Carolina
   
54
   
6,116,046
   
1.48
   
8.250
   
628
   
80.27
 
Tennessee
   
43
   
5,821,086
   
1.41
   
8.718
   
628
   
83.16
 
Washington
   
30
   
5,411,304
   
1.31
   
8.367
   
622
   
79.48
 
Missouri
   
59
   
5,312,472
   
1.28
   
8.897
   
622
   
83.50
 
Colorado
   
30
   
4,200,498
   
1.02
   
8.601
   
639
   
85.68
 
Oklahoma
   
43
   
3,999,910
   
0.97
   
8.798
   
624
   
83.69
 
Hawaii
   
8
   
3,598,325
   
0.87
   
8.573
   
625
   
83.98
 
South Carolina
   
22
   
2,721,716
   
0.66
   
8.020
   
650
   
80.63
 
Louisiana
   
23
   
2,380,037
   
0.58
   
9.328
   
635
   
84.82
 
Kentucky
   
29
   
2,283,737
   
0.55
   
8.521
   
621
   
83.59
 
Oregon
   
14
   
2,202,105
   
0.53
   
8.347
   
655
   
80.66
 
Utah
   
12
   
2,038,822
   
0.49
   
8.238
   
650
   
82.91
 
Massachusetts
   
7
   
1,963,327
   
0.47
   
8.987
   
630
   
91.45
 
Connecticut
   
7
   
1,776,727
   
0.43
   
8.768
   
627
   
81.56
 
Indiana
   
21
   
1,549,236
   
0.37
   
9.032
   
655
   
83.27
 
Rhode Island
   
6
   
1,180,799
   
0.29
   
9.353
   
620
   
82.82
 
* Geographic distribution continued on the next page
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
62

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2

DESCRIPTION OF THE GROUP 2 COLLATERAL

Geographic Distribution (Continued)

Location
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
New Mexico
   
6
   
1,113,214
   
0.27
   
8.692
   
622
   
76.17
 
Kansas
   
7
   
1,022,578
   
0.25
   
8.436
   
655
   
83.24
 
Minnesota
   
8
   
999,662
   
0.24
   
8.517
   
645
   
81.33
 
Arkansas
   
9
   
871,669
   
0.21
   
8.729
   
615
   
81.55
 
Alaska
   
1
   
499,359
   
0.12
   
7.925
   
659
   
74.07
 
West Virginia
   
3
   
354,180
   
0.09
   
8.965
   
673
   
80.00
 
Delaware
   
2
   
234,914
   
0.06
   
8.968
   
624
   
80.00
 
Wisconsin
   
4
   
166,950
   
0.04
   
9.862
   
620
   
90.44
 
District of Columbia
   
1
   
164,130
   
0.04
   
10.000
   
595
   
70.00
 
Iowa
   
2
   
138,059
   
0.03
   
8.149
   
626
   
82.10
 
Nebraska
   
1
   
103,740
   
0.03
   
9.500
   
511
   
80.00
 
Wyoming
   
1
   
100,662
   
0.02
   
10.250
   
565
   
80.00
 
Maine
   
1
   
99,727
   
0.02
   
6.999
   
608
   
51.28
 
Idaho
   
1
   
61,474
   
0.01
   
8.340
   
680
   
80.00
 
Total:
   
2,330
   
413,524,999
   
100.00
   
8.526
   
640
   
82.12
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
63

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE GROUP 2 COLLATERAL
 
Occupancy Status

Occupancy Status
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
Primary
   
2,215
   
397,901,191
   
96.22
   
8.511
   
639
   
82.20
 
Investment
   
106
   
13,504,704
   
3.27
   
8.905
   
658
   
80.57
 
Second Home
   
9
   
2,119,104
   
0.51
   
9.032
   
630
   
77.16
 
Total:
   
2,330
   
413,524,999
   
100.00
   
8.526
   
640
   
82.12
 

Documentation Type

Program
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
Stated Documentation
   
809
   
179,277,043
   
43.35
   
8.779
   
653
   
82.57
 
Full Documentation
   
1,138
   
169,707,241
   
41.04
   
8.277
   
622
   
81.66
 
No Documentation
   
329
   
52,258,404
   
12.64
   
8.546
   
656
   
81.74
 
Limited Documentation
   
54
   
12,282,311
   
2.97
   
8.208
   
631
   
83.53
 
Total:
   
2,330
   
413,524,999
   
100.00
   
8.526
   
640
   
82.12
 
 
Loan Purpose

Purpose
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
Purchase
   
1,313
   
241,123,696
   
58.31
   
8.633
   
650
   
83.80
 
Refinance - Cashout
   
904
   
152,591,715
   
36.90
   
8.430
   
623
   
79.55
 
Refinance - Rate Term
   
113
   
19,809,589
   
4.79
   
7.967
   
642
   
81.45
 
Total:
   
2,330
   
413,524,999
   
100.00
   
8.526
   
640
   
82.12
 

Property Type

Property Type
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
Single Family
   
1,766
   
301,981,030
   
73.03
   
8.500
   
637
   
81.78
 
PUD
   
274
   
57,156,138
   
13.82
   
8.412
   
644
   
82.97
 
2-4 Family
   
135
   
30,470,632
   
7.37
   
8.853
   
656
   
83.05
 
Condo
   
146
   
23,164,725
   
5.60
   
8.696
   
645
   
83.05
 
Townhouse
   
8
   
690,897
   
0.17
   
9.320
   
628
   
89.10
 
Rowhouse
   
1
   
61,577
   
0.01
   
9.350
   
596
   
80.00
 
Total:
   
2,330
   
413,524,999
   
100.00
   
8.526
   
640
   
82.12
 
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
64

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE GROUP 2 COLLATERAL

Next Rate Adjustment Date*

Month & Year of Next Rate Adjustment
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
July 2007
   
1
   
89,456
   
0.03
   
8.950
   
603
   
75.00
 
October 2007
   
2
   
317,514
   
0.11
   
9.495
   
650
   
84.43
 
March 2008
   
28
   
4,831,096
   
1.65
   
8.535
   
627
   
84.46
 
April 2008
   
16
   
3,839,689
   
1.31
   
7.758
   
636
   
80.37
 
May 2008
   
15
   
2,018,606
   
0.69
   
8.465
   
626
   
83.59
 
June 2008
   
18
   
5,310,972
   
1.81
   
7.776
   
635
   
76.48
 
July 2008
   
50
   
13,754,622
   
4.70
   
8.452
   
647
   
82.35
 
August 2008
   
114
   
32,059,489
   
10.95
   
8.293
   
634
   
81.81
 
September 2008
   
359
   
102,553,429
   
35.03
   
8.406
   
638
   
82.03
 
October 2008
   
264
   
52,595,049
   
17.97
   
8.259
   
643
   
81.83
 
April 2009
   
1
   
162,437
   
0.06
   
6.350
   
635
   
80.00
 
May 2009
   
2
   
331,458
   
0.11
   
7.834
   
663
   
80.00
 
June 2009
   
3
   
1,191,803
   
0.41
   
8.455
   
624
   
76.28
 
July 2009
   
7
   
1,898,512
   
0.65
   
8.471
   
633
   
83.46
 
August 2009
   
37
   
9,634,674
   
3.29
   
8.068
   
672
   
78.30
 
September 2009
   
151
   
36,786,642
   
12.57
   
8.486
   
639
   
82.86
 
October 2009
   
14
   
4,048,756
   
1.38
   
8.741
   
654
   
88.94
 
March 2011
   
6
   
1,015,438
   
0.35
   
7.301
   
643
   
79.38
 
April 2011
   
1
   
131,512
   
0.04
   
7.200
   
672
   
80.00
 
May 2011
   
1
   
49,750
   
0.02
   
9.150
   
580
   
84.75
 
June 2011
   
1
   
496,000
   
0.17
   
6.990
   
701
   
80.00
 
July 2011
   
5
   
2,300,113
   
0.79
   
6.925
   
692
   
78.15
 
August 2011
   
7
   
2,318,679
   
0.79
   
8.717
   
648
   
69.88
 
September 2011
   
35
   
6,897,551
   
2.36
   
7.989
   
628
   
74.63
 
October 2011
   
21
   
4,596,932
   
1.57
   
7.810
   
634
   
77.23
 
May 2016
   
4
   
552,628
   
0.19
   
6.810
   
672
   
71.11
 
June 2016
   
3
   
1,028,576
   
0.35
   
6.961
   
653
   
80.73
 
July 2016
   
1
   
640,000
   
0.22
   
6.650
   
760
   
84.77
 
September 2016
   
1
   
292,500
   
0.10
   
7.850
   
629
   
90.00
 
October 2016
   
4
   
1,008,158
   
0.34
   
7.178
   
638
   
75.66
 
Total:
   
1,172
   
292,752,041
   
100.00
   
8.304
   
641
   
81.55
 
*ARM Loans Only
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
65

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE GROUP 2 COLLATERAL

Gross Margin*

Gross Margin (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
3.500 - 3.999
   
2
   
1,170,732
   
0.40
   
5.990
   
691
   
71.41
 
4.000 - 4.499
   
4
   
1,367,165
   
0.47
   
6.217
   
718
   
76.63
 
4.500 - 4.999
   
22
   
7,088,375
   
2.42
   
7.308
   
647
   
80.53
 
5.000 - 5.499
   
43
   
11,483,578
   
3.92
   
7.424
   
657
   
80.08
 
5.500 - 5.999
   
206
   
52,694,832
   
18.00
   
8.000
   
650
   
81.18
 
6.000 - 6.499
   
160
   
37,018,151
   
12.64
   
7.755
   
650
   
79.50
 
6.500 - 6.999
   
297
   
73,955,555
   
25.26
   
8.239
   
637
   
80.74
 
7.000 - 7.499
   
159
   
40,092,832
   
13.70
   
8.593
   
637
   
82.03
 
7.500 - 7.999
   
230
   
57,573,759
   
19.67
   
8.982
   
631
   
83.59
 
8.000 - 8.499
   
34
   
8,039,152
   
2.75
   
9.355
   
612
   
85.48
 
8.500 - 8.999
   
11
   
1,729,028
   
0.59
   
10.361
   
642
   
95.80
 
9.000 - 9.499
   
4
   
538,885
   
0.18
   
10.502
   
549
   
92.92
 
Total:
   
1,172
   
292,752,041
   
100.00
   
8.304
   
641
   
81.55
 
*ARM Loans Only 

Maximum Mortgage Rate*

Maximum Mortgage Rate (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
11.000 - 11.499
   
1
   
126,811
   
0.04
   
7.400
   
764
   
80.00
 
11.500 - 11.999
   
8
   
2,382,091
   
0.81
   
6.387
   
686
   
72.16
 
12.000 - 12.499
   
7
   
1,891,364
   
0.65
   
6.608
   
662
   
79.01
 
12.500 - 12.999
   
46
   
15,671,357
   
5.35
   
6.835
   
677
   
79.06
 
13.000 - 13.499
   
101
   
28,100,373
   
9.60
   
7.273
   
653
   
78.75
 
13.500 - 13.999
   
187
   
48,130,674
   
16.44
   
7.735
   
649
   
80.33
 
14.000 - 14.499
   
176
   
44,894,987
   
15.34
   
8.053
   
646
   
80.46
 
14.500 - 14.999
   
243
   
63,981,153
   
21.86
   
8.449
   
638
   
80.95
 
15.000 - 15.499
   
123
   
30,916,524
   
10.56
   
8.807
   
635
   
82.92
 
15.500 - 15.999
   
134
   
30,869,085
   
10.54
   
9.265
   
630
   
86.09
 
16.000 - 16.499
   
67
   
11,382,837
   
3.89
   
9.696
   
599
   
85.16
 
16.500 - 16.999
   
47
   
9,540,638
   
3.26
   
10.029
   
609
   
84.19
 
17.000 - 17.499
   
13
   
2,265,331
   
0.77
   
10.436
   
603
   
94.55
 
17.500 - 17.999
   
11
   
1,824,213
   
0.62
   
10.800
   
586
   
87.38
 
18.000 - 18.499
   
6
   
526,442
   
0.18
   
11.156
   
561
   
85.11
 
18.500 - 18.999
   
2
   
248,161
   
0.08
   
11.681
   
562
   
87.74
 
Total:
   
1,172
   
292,752,041
   
100.00
   
8.304
   
641
   
81.55
 
*ARM Loans Only
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
66

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE GROUP 2 COLLATERAL

Minimum Mortgage Rate*

Minimum Mortgage Rate (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
3.500 - 3.999
   
2
   
1,170,732
   
0.40
   
5.990
   
691
   
71.41
 
4.000 - 4.499
   
3
   
923,165
   
0.32
   
6.083
   
721
   
75.02
 
4.500 - 4.999
   
12
   
3,758,584
   
1.28
   
6.806
   
665
   
80.00
 
5.000 - 5.499
   
28
   
7,607,183
   
2.60
   
7.015
   
685
   
79.63
 
5.500 - 5.999
   
87
   
20,738,285
   
7.08
   
7.606
   
657
   
80.41
 
6.000 - 6.499
   
77
   
13,302,290
   
4.54
   
8.041
   
644
   
81.02
 
6.500 - 6.999
   
107
   
22,146,260
   
7.56
   
7.904
   
647
   
80.24
 
7.000 - 7.499
   
133
   
34,302,792
   
11.72
   
7.670
   
648
   
79.88
 
7.500 - 7.999
   
207
   
55,424,572
   
18.93
   
7.924
   
648
   
80.97
 
8.000 - 8.499
   
148
   
39,201,028
   
13.39
   
8.355
   
642
   
80.81
 
8.500 - 8.999
   
176
   
48,001,394
   
16.40
   
8.785
   
633
   
81.48
 
9.000 - 9.499
   
71
   
19,005,511
   
6.49
   
9.267
   
617
   
84.90
 
9.500 - 9.999
   
70
   
18,106,313
   
6.18
   
9.755
   
611
   
85.70
 
10.000 - 10.499
   
25
   
4,436,133
   
1.52
   
10.232
   
599
   
91.07
 
10.500 - 10.999
   
17
   
3,630,164
   
1.24
   
10.632
   
611
   
90.98
 
11.000 - 11.499
   
5
   
472,553
   
0.16
   
11.259
   
551
   
83.98
 
11.500 - 11.999
   
4
   
525,082
   
0.18
   
11.649
   
581
   
89.10
 
Total:
   
1,172
   
292,752,041
   
100.00
   
8.304
   
641
   
81.55
 
*ARM Loans Only

Initial Periodic Rate Cap*

Initial Periodic Cap (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
1.000
   
9
   
1,748,636
   
0.60
   
7.112
   
655
   
79.42
 
2.000
   
12
   
4,415,493
   
1.51
   
7.606
   
680
   
82.88
 
2.200
   
1
   
63,422
   
0.02
   
11.400
   
528
   
85.00
 
3.000
   
1,150
   
286,524,489
   
97.87
   
8.321
   
640
   
81.54
 
Total:
   
1,172
   
292,752,041
   
100.00
   
8.304
   
641
   
81.55
 
*ARM Loans Only  
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
67

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
DESCRIPTION OF THE GROUP 2 COLLATERAL

Subsequent Periodic Rate Cap*

Subsequent Periodic Cap (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
1.000
   
919
   
233,878,232
   
79.89
   
8.271
   
642
   
81.84
 
1.500
   
253
   
58,873,809
   
20.11
   
8.435
   
634
   
80.42
 
Total:
   
1,172
   
292,752,041
   
100.00
   
8.304
   
641
   
81.55
 
*ARM Loans Only

Lifetime Periodic Cap*

Lifetime Periodic Cap (%)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
2.000 - 2.499
   
1
   
63,422
   
0.02
   
11.400
   
528
   
85.00
 
3.500 - 3.999
   
1
   
157,083
   
0.05
   
8.300
   
602
   
85.00
 
4.000 - 4.499
   
9
   
1,232,390
   
0.42
   
8.817
   
643
   
80.34
 
4.500 - 4.999
   
2
   
201,044
   
0.07
   
7.715
   
690
   
80.00
 
5.000 - 5.499
   
7
   
1,177,153
   
0.40
   
8.474
   
586
   
80.00
 
5.500 - 5.999
   
14
   
3,407,837
   
1.16
   
8.407
   
660
   
82.81
 
6.000 - 6.499
   
825
   
211,414,912
   
72.22
   
8.266
   
642
   
81.66
 
6.500 - 6.999
   
1
   
109,498
   
0.04
   
8.745
   
533
   
80.00
 
7.000 - 7.499
   
311
   
74,934,814
   
25.60
   
8.393
   
637
   
81.21
 
7.500 - 7.999
   
1
   
53,889
   
0.02
   
10.250
   
647
   
95.00
 
Total:
   
1,172
   
292,752,041
   
100.00
   
8.304
   
641
   
81.55
 
*ARM Loans Only

Original Prepayment Charge Term

Prepayment Penalty Term (mos.)
 
Number of Initial Mortgage Loans
 
Aggregate Remaining Principal Balance ($)
 
% of Aggregate Remaining Principal Balance
 
W.A. Coupon (%)
 
W.A. Non-Zero FICO
 
W.A. Original CLTV (%)
 
0
   
633
   
110,774,732
   
26.79
   
8.798
   
645
   
83.33
 
12
   
75
   
20,809,787
   
5.03
   
8.891
   
643
   
82.47
 
24
   
767
   
155,633,362
   
37.64
   
8.417
   
639
   
82.87
 
30
   
5
   
1,103,888
   
0.27
   
8.187
   
619
   
79.89
 
36
   
850
   
125,203,230
   
30.28
   
8.365
   
636
   
80.08
 
Total:
   
2,330
   
413,524,999
   
100.00
   
8.526
   
640
   
82.12
 
 
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
68

 
   
ACE Securities Corp.
Home Equity Loan Trust, Series 2007-HE2
 
 FOR ADDITIONAL INFORMATION PLEASE CALL:  

Deutsche Bank Securities
   
Whole Loan Trading
 
Michael Commaroto
212-250-3114
Paul Mangione
212-250-5786
   
ABS Banking
 
Sue Valenti
212-250-3455
Kathie Peng
212-250-7259
   
ABS Structuring
 
Bill Yeung
212-250-6893
Chris Sudol
212-250-0507
   
ABS Collateral
 
Reta Chandra
212-250-2729
Jhoana Pajarillo
212-250-8387
 
Standard & Poors Rating Service
   
Mark Goldenberg
212-438-1641
Mike Dougherty
212-438-6891
   

Moodys Investors Service, Inc.
   
Karen Ramallo
212-553-0370
Rachel Peng
212-553-3831
   

 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling DBSI’s trading desk at 212-250-7730. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. The information in this free writing prospectus is preliminary and is subject to completion or change. The information in this free writing prospectus, if conveyed prior to the time of your commitment to purchase, supersedes information contained in any prior similar free writing prospectus relating to these securities. 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. The information in this free writing prospectus may be based on preliminary assumptions about the pool assets and the structure. Any such assumptions are subject to change
69