-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HiA5twHaB7tbt2t7CW6bw9A0bBDI2efT2bFA9X3JaI1ZOmrXScOHtLZdY6SbEXPA Zo1vLuG0ehbYoh/K0gDgtQ== /in/edgar/work/20000622/0000893220-00-000778/0000893220-00-000778.txt : 20000920 0000893220-00-000778.hdr.sgml : 20000920 ACCESSION NUMBER: 0000893220-00-000778 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000621 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000621 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANTA MORTGAGE LOAN TRUST 2000-1 CENTRAL INDEX KEY: 0001115223 STANDARD INDUSTRIAL CLASSIFICATION: [6189 ] IRS NUMBER: 880360305 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-92669-02 FILM NUMBER: 658695 BUSINESS ADDRESS: STREET 1: ATTN: GENERAL COUNSEL STREET 2: 10790 RANCHO BERNARDO ROAD CITY: SAN DIEGO STATE: CA ZIP: 92127 BUSINESS PHONE: 6196741800 MAIL ADDRESS: STREET 1: ATTN: GENERAL COUNSEL STREET 2: 10790 RANCHO BERNARDO ROD CITY: SAN DIEGO STATE: CA ZIP: 92127 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANTA CONDUIT RECEIVABLES INC CENTRAL INDEX KEY: 0001082751 STANDARD INDUSTRIAL CLASSIFICATION: [6189 ] IRS NUMBER: 880360305 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-75295 FILM NUMBER: 658696 BUSINESS ADDRESS: STREET 1: ATTN: GENERAL COUNSEL STREET 2: 10790 RANCHO BERNARDO ROAD CITY: SAN DIEGO STATE: CA ZIP: 92127 BUSINESS PHONE: 6196741800 MAIL ADDRESS: STREET 1: ATTN: GENERAL COUNSEL STREET 2: 10790 RANCHO BERNARDO ROD CITY: SAN DIEGO STATE: CA ZIP: 92127 8-K 1 0001.txt ADVANTA MORTGAGE LOAN TRUST 2000-1 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) June 21, 2000 Advanta Mortgage Loan Trust 2000-1 ------------------------------------------------------ (Exact name of registrant as specified in its charter) Nevada 333-92669-02 88-0360305 - ---------------------------- ---------------- ------------------- (State or Other Jurisdiction (Commission File (I.R.S. Employer of Incorporation) Number) Identification No.) Advanta Conduit Receivables, Inc. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Nevada 333-92669 88-0360305 ---------------------------- ----------- ------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) ID Number) Attention: General Counsel 10790 Rancho Bernardo Road San Diego, California 92127 - ------------------------------- ---------- (Address of principal executive (Zip Code) offices) Registrant's Telephone Number, including area code: (858) 676-3099 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) 2 Item 5. Other Events In connection with the Advanta Mortgage Loan Trust, 2000-1, Advanta Mortgage Loan Asset Backed Certificates, Series 2000-1 described in a Prospectus Supplement dated May 19, 2000, certain materials describing the final Mortgage Loan Pools as of the end of the Pre-Funding Period (the "Final Mortgage Pool"). Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (a) Not applicable (b) Not applicable. (c) Exhibits
Exhibit No. Description ----------- ----------- 99.1. Final Mortgage Pool (as defined in Item 5 above).
3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ADVANTA MORTGAGE LOAN TRUST 2000-1 By: Advanta Conduit Receivables, Inc. By: /s/ Michael Coco ---------------------------- Name: Michael Coco Title: Vice President By: Advanta Conduit Receivables, Inc By: /s/ Michael Coco ---------------------------- Name: Michael Coco Title: Vice President Dated: June 21, 2000 4 EXHIBIT INDEX
Exhibit No. Description - ----------- ----------- 99.1. Final Mortgage Pool (as defined in Item 5 above).
EX-99.1 2 0002.txt FINAL MORTGAGE POOL 1 EXHIBIT 99.1 2 The Fixed Rate Group The following tables describe the fixed rate group of mortgage loans and mortgaged properties as of the end of the Pre-Funding Period. FIXED RATE GROUP GEOGRAPHIC DISTRIBUTION (TOP TEN STATES)
NUMBER OF AGGREGATE % OF AGGREGATE STATE MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE ----- -------------- ----------------- ----------------- California........ 333 $ 31,225,710.53 9.56% Pennsylvania...... 539 28,471,032.03 8.71 Michigan.......... 381 21,611,651.64 6.61 Florida........... 323 20,327,360.67 6.22 New York.......... 220 16,344,468.91 5.00 Ohio.............. 273 15,422,193.22 4.72 Indiana........... 225 11,767,003.09 3.60 Virginia.......... 184 11,012,011.06 3.37 Missouri.......... 209 10,750,110.35 3.29 Illinois.......... 172 10,370,517.15 3.17 Other............. 2,538 149,490,894.58 45.75 ----- --------------- ------ TOTAL......... 5,397 $326,792,953.23 100.00% ===== =============== ======
The mortgaged properties in the fixed rate group are located in a total of 49 states and the District of Columbia. FIXED RATE GROUP DISTRIBUTION OF CLTVS
RANGE OF NUMBER OF AGGREGATE % OF AGGREGATE CLTV RATIOS MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE ----------- -------------- ----------------- ----------------- 0.01 - 60.00%...... 724 $ 29,847,674.17 9.13% 60.01 - 70.00....... 561 28,900,340.31 8.84 70.01 - 75.00....... 1,124 78,852,181.27 24.13 75.01 - 80.00....... 866 54,887,280.75 16.80 80.01 - 85.00....... 1,235 78,181,778.20 23.92 85.01 - 90.00....... 622 40,515,361.27 12.40 90.01 - 95.00....... 92 4,595,914.32 1.41 95.01 - 100.00....... 168 10,606,405.89 3.25 100.01 - 101.00....... 5 406,017.05 0.12 ----- --------------- ------ TOTAL............... 5,397 $326,792,953.23 100.00% ===== =============== ====== Minimum CLTV: 9.77% Maximum CLTV: 100.93% Weighted Average CLTV: 77.13%
3 FIXED RATE GROUP DISTRIBUTION OF REMAINING TERM TO MATURITY
NUMBER OF AGGREGATE % OF AGGREGATE MONTHS REMAINING MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE ---------------- -------------- ----------------- ----------------- 1 - 60.................. 31 $ 684,905.86 0.21% 61 - 120.................. 326 10,707,382.24 3.28 121 - 180.................. 1,584 71,549,532.19 21.89 181 - 240.................. 1,818 109,169,552.99 33.41 241 - 300.................. 21 1,925,545.87 0.59 301 - 360.................. 1,617 132,756,034.08 40.62 ----- --------------- ------ TOTAL...................... 5,397 $326,792,953.23 100.00% ===== =============== ====== Minimum Remaining Term: 8 Months Maximum Remaining Term: 360 Months Weighted Average Remaining Term: 267 Months
FIXED RATE GROUP DISTRIBUTION OF PRINCIPAL BALANCES
RANGE OF NUMBER OF AGGREGATE % OF AGGREGATE PRINCIPAL BALANCES MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE ------------------ -------------- ----------------- ----------------- $ 1,000 - $ 25,000...... 911 $ 17,289,870.81 5.29% 25,001 - 50,000...... 1,925 72,304,406.14 22.12 50,001 - 75,000...... 1,296 78,627,181.41 24.05 75,001 - 100,000...... 531 45,968,333.93 14.07 100,001 - 150,000...... 462 55,223,059.26 16.90 150,001 - 200,000...... 164 27,925,101.72 8.55 200,001 - 250,000...... 50 11,040,637.45 3.38 250,001 - 300,000...... 31 8,582,667.95 2.63 300,001 - 350,000...... 14 4,446,070.87 1.36 350,001 - 500,000...... 13 5,385,623.69 1.65 ----- --------------- ------ TOTAL.................. 5,397 $326,792,953.23 100.00% ===== =============== ====== Minimum Principal Balance: $ 1,061.02 Maximum Principal Balance: $499,175.70 Average Principal Balance: $ 60,550.85
4 FIXED RATE GROUP DISTRIBUTION OF CURRENT MORTGAGE COUPON RATES
RANGE OF NUMBER OF AGGREGATE % OF AGGREGATE MORTGAGE COUPON RATES MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE --------------------- -------------- ----------------- ----------------- 5.001 - 6.000%.......... 1 $ 86,719.64 0.03% 6.001 - 7.000........... 27 4,686,589.21 1.43 7.001 - 8.000........... 66 9,621,181.81 2.94 8.001 - 9.000........... 559 50,488,270.95 15.45 9.001 - 10.000........... 1,302 96,671,856.91 29.59 10.001 - 11.000........... 1,071 66,471,510.90 20.34 11.001 - 12.000........... 679 37,190,245.30 11.38 12.001 - 13.000........... 558 25,751,651.54 7.88 13.001 - 14.000........... 426 14,858,313.89 4.55 14.001 - 15.000........... 341 11,073,175.87 3.39 15.001 - 16.000........... 209 6,007,762.77 1.84 16.001 - 17.000........... 109 2,853,201.25 0.87 17.001 - 18.000........... 30 636,000.36 0.19 18.001 - 21.000........... 19 396,472.83 0.12 ----- --------------- ------ TOTAL.................... 5,397 $326,792,953.23 100.00% ===== =============== ======
Minimum Current Mortgage Coupon Rate: 5.63% Maximum Current Mortgage Coupon Rate: 20.45% Weighted Average Current Mortgage Coupon Rate: 10.54%
FIXED RATE GROUP LIEN POSITION
NUMBER OF AGGREGATE % OF AGGREGATE LIEN POSITION MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE ------------- -------------- ----------------- ----------------- First Lien.................... 4,539 $303,893,504.67 92.99% Second Lien................... 858 22,899,448.56 7.01 ----- --------------- ------ TOTAL..................... 5,397 $326,792,953.23 100.00% ===== =============== ======
FIXED RATE GROUP AMORTIZATION TYPE
NUMBER OF AGGREGATE % OF AGGREGATE AMORTIZATION TYPE MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE ----------------- -------------- ----------------- ----------------- Balloon....................... 333 $ 22,481,881.16 6.88% Fully Amortizing.............. 5,064 304,311,072.07 93.12 ----- --------------- ------ TOTAL..................... 5,397 $326,792,953.23 100.00% ===== =============== ======
5 FIXED RATE GROUP DISTRIBUTION OF JUNIOR LIEN RATIOS
RANGE OF NUMBER OF AGGREGATE % OF AGGREGATE JUNIOR LIEN RATIOS MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE 0.01 - 10.00%........... 32 $ 601,838.53 2.63% 10.01 - 20.00............ 263 6,089,612.83 26.59 20.01 - 30.00............ 289 7,317,625.44 31.96 30.01 - 40.00............ 148 4,988,740.35 21.79 40.01 - 50.00............ 69 2,134,670.35 9.32 50.01 - 60.00............ 18 655,847.67 2.86 60.01 - 70.00............ 18 411,410.14 1.80 70.01 - 80.00............ 11 374,261.79 1.63 80.01 - 90.00............ 7 220,865.45 0.96 90.01 - 100.00............ 3 104,576.01 0.46 --- --------------- ------ TOTAL................... 858 $ 22,899,448.56 100.00% === =============== ======
Minimum Junior Lien Ratio: 6.58% Maximum Junior Lien Ratio: 100.00% Weighted Average Junior Lien Ratio: 29.12%
FIXED RATE GROUP DISTRIBUTION OF PROPERTY TYPES
NUMBER OF AGGREGATE % OF AGGREGATE PROPERTY TYPE MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE ------------- -------------- ----------------- ----------------- SF Detached/DeMinimus PUD..... 4,675 $287,506,720.71 87.98% SF Row House/Townhouse/Condo.. 267 12,739,000.35 3.90 Two to Four Family Home....... 228 14,775,928.92 4.52 Prefabricated Single Family... 227 11,771,303.25 3.60 ----- --------------- ------ TOTAL..................... 5,397 $326,792,953.23 100.00% ===== =============== ======
FIXED RATE GROUP DISTRIBUTION OF OCCUPANCY STATUS
NUMBER OF AGGREGATE % OF AGGREGATE OCCUPANCY STATUS MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE ---------------- -------------- ----------------- ----------------- Owner Occupied................ 4,980 $305,194,782.03 93.39% Non-Owner Occupied............ 417 21,598,171.20 6.61 ----- --------------- ------ TOTAL..................... 5,397 $326,792,953.23 100.00% ===== =============== ======
Owner Occupied includes vacation and second homes. 6 FIXED RATE GROUP DISTRIBUTION OF SEASONING
MONTHS ELAPSED NUMBER OF AGGREGATE % OF AGGREGATE SINCE ORIGINATION MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE ----------------- -------------- ----------------- ----------------- 0 - 6.................. 4,695 $285,008,918.76 87.21% 7 - 12.................. 578 34,599,653.96 10.59 13 - 24.................. 76 5,580,532.21 1.71 25 - 142.................. 48 1,603,848.30 0.49 ----- --------------- ------ TOTAL.................... 5,397 $326,792,953.23 100.00% ===== =============== ====== Minimum Seasoning: 0 Months Maximum Seasoning: 142 Months Weighted Average Seasoning: 4 Months
7 The ARM Group The following tables describe the ARM group of mortgage loans and the mortgaged properties as of the end of the Pre-Funding Period. ARM GROUP GEOGRAPHIC DISTRIBUTION (TOP TEN STATES)
NUMBER OF AGGREGATE % OF AGGREGATE STATE MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE ----- -------------- ------------------ ----------------- California...................... 42 $ 5,748,337.79 7.51% Michigan........................ 80 4,779,646.79 6.25 Washington...................... 41 4,279,056.99 5.59 Florida......................... 49 4,178,614.15 5.46 Oregon.......................... 33 3,766,283.72 4.92 New York........................ 39 3,696,851.58 4.83 Georgia......................... 33 3,501,757.39 4.58 Colorado........................ 25 3,464,749.15 4.53 Illinois........................ 44 3,343,983.31 4.37 Ohio............................ 46 3,115,885.12 4.07 Other........................... 499 36,653,109.44 47.89 -------------- ------------------ ----------------- TOTAL....................... 931 $ 76,528,275.43 100.00% ============== ================== =================
The mortgaged properties in the ARM group are located in 45 states. ARM GROUP DISTRIBUTION OF LTVS
RANGE OF NUMBER OF AGGREGATE % OF AGGREGATE LTV RATIOS MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE ---------- -------------- ----------------- ----------------- 0.01 - 60.00% .............. 81 $ 4,292,457.56 5.61% 60.01 - 70.00 ............... 87 6,200,725.18 8.10 70.01 - 75.00 ............... 243 22,474,785.51 29.37 75.01 - 80.00 ............... 148 11,182,635.68 14.61 80.01 - 85.00 ............... 198 17,875,879.81 23.36 85.01 - 90.00 ............... 146 12,595,948.50 16.46 90.01 - 95.00 ............... 22 1,647,500.99 2.15 95.01 - 100.00 .............. 6 258,342.20 0.34 -------------- ----------------- ----------------- TOTAL: .......................... 931 $76,528,275.43 100.00% ============== ================= =================
Minimum LTV Ratio: 12.14% Maximum LTV Ratio: 98.99% Weighted Average LTV Ratio: 78.08% 8 ARM GROUP DISTRIBUTION OF REMAINING TERM TO MATURITY
NUMBER OF AGGREGATE % OF AGGREGATE MONTHS REMAINING MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE ---------------- -------------- ----------------- ----------------- 1 - 60................ 3 $ 67,484.55 0.09% 61 - 120................ 14 529,022.10 0.69 121 - 180................ 31 1,398,851.05 1.83 181 - 240................ 54 3,931,023.76 5.14 241 - 300................ 4 257,542.79 0.34 301 - 360................ 825 70,344,351.18 91.91 -------------- ----------------- ----------------- TOTAL....................... 931 $ 76,528,275.43 100.00% ============== ================= =================
Minimum Remaining Term: 49 Months Maximum Remaining Term: 360 Months Weighted Average Remaining Term: 347 Months ARM GROUP DISTRIBUTION OF PRINCIPAL BALANCES
RANGE OF NUMBER OF AGGREGATE % OF AGGREGATE PRINCIPAL BALANCES MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE ------------------ -------------- ----------------- ----------------- $ 1,000 - $ 25,000......... 30 $ 618,178.10 0.81% 25,001 - 50,000......... 250 9,810,730.66 12.82 50,001 - 75,000......... 271 16,713,015.07 21.84 75,001 - 100,000......... 134 11,664,297.46 15.24 100,001 - 150,000......... 152 18,402,803.69 24.05 150,001 - 200,000......... 61 10,469,493.79 13.68 200,001 - 250,000......... 16 3,590,764.25 4.69 250,001 - 300,000......... 6 1,617,705.98 2.11 300,001 - 350,000......... 9 2,894,873.90 3.78 350,001 - 400,000......... 2 746,412.53 0.98 -------------- ----------------- ----------------- TOTAL....................... 931 $ 76,528,275.43 100.00% ============== ================= =================
Minimum Principal Balance: $ 10,949.98 Maximum Principal Balance: $ 384,412.53 Average Principal Balance: $ 82,200.08 ARM GROUP DISTRIBUTION OF PROPERTY TYPES
NUMBER OF AGGREGATE % OF AGGREGATE PROPERTY TYPE MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE ------------- -------------- ----------------- ----------------- SF Detached/DeMinimus PUD.......... 816 $ 67,928,914.21 88.76% SF Row House/Townhouse/Condo....... 46 3,126,190.14 4.09 Two to Four Family Home............ 40 3,735,082.09 4.88 Prefabricated Single Family........ 29 1,738,088.99 2.27 -------------- ----------------- ----------------- TOTAL.......................... 931 $ 76,528,275.43 100.00% ============== ================= =================
9 ARM GROUP DISTRIBUTION OF OCCUPANCY STATUS
NUMBER OF AGGREGATE % OF AGGREGATE OCCUPANCY STATUS MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE ---------------- -------------- ----------------- ----------------- Owner Occupied..................... 844 $ 71,131,726.22 92.95% Non-Owner Occupied................. 87 5,396,549.21 7.05 -------------- ----------------- ----------------- TOTAL.......................... 931 $ 76,528,275.43 100.00% ============== ================= =================
Owner Occupied includes vacation and second homes. ARM GROUP DISTRIBUTION OF SEASONING
MONTHS ELAPSED NUMBER OF AGGREGATE % OF AGGREGATE SINCE ORIGINATION MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE ----------------- -------------- ----------------- ----------------- 0 - 6..................... 897 $ 74,086,102.71 96.81% 7 - 12..................... 29 2,145,346.81 2.80 13 - 24..................... 5 296,825.91 0.39 -------------- ----------------- ----------------- TOTAL ..................... 931 $ 76,528,275.43 100.00% ============== ================= =================
Minimum Seasoning: 0 Months Maximum Seasoning: 21 Months Weighted Average Seasoning: 2 Months ARM GROUP DISTRIBUTION OF CURRENT MORTGAGE COUPON RATES
RANGE OF CURRENT NUMBER OF AGGREGATE % OF AGGREGATE MORTGAGE COUPON RATES MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE --------------------- -------------- ----------------- ----------------- 7.001 - 8.000%........... 54 $ 5,899,178.33 7.71% 8.001 - 9.000............ 201 21,052,133.56 27.50 9.001 - 10.000............ 242 20,811,854.96 27.19 10.001 - 11.000............ 181 13,427,338.50 17.55 11.001 - 12.000............ 104 7,179,593.28 9.38 12.001 - 13.000............ 73 4,665,067.71 6.10 13.001 - 14.000............ 45 2,334,046.20 3.05 14.001 - 15.000............ 23 884,375.94 1.16 15.001 - 16.000............ 4 196,378.19 0.26 16.001 - 17.000............ 3 56,937.53 0.07 17.001 - 18.000............ 1 21,371.23 0.03 -------------- ----------------- ----------------- TOTAL....................... 931 $ 76,528,275.43 100.00% ============== ================= =================
Minimum Current Mortgage Coupon Rate: 7.23% Maximum Current Mortgage Coupon Rate: 17.13% Weighted Average Current Mortgage Coupon Rate: 9.91% 10 ARM GROUP DISTRIBUTION OF MAXIMUM MORTGAGE COUPON RATES
RANGE OF MAXIMUM NUMBER OF AGGREGATE % OF AGGREGATE MORTGAGE COUPON RATES MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE --------------------- -------------- ----------------- ----------------- 14.001 - 15.000%........... 56 $ 5,964,712.03 7.79% 15.001 - 16.000............ 206 21,459,348.86 28.04 16.001 - 17.000............ 249 21,588,932.19 28.22 17.001 - 18.000............ 167 12,177,512.27 15.91 18.001 - 19.000............ 104 7,179,593.28 9.38 19.001 - 20.000............ 74 4,715,782.71 6.16 20.001 - 21.000............ 45 2,321,731.20 3.03 21.001 - 22.000............ 22 845,975.94 1.11 22.001 - 23.000............ 4 196,378.19 0.26 23.001 - 24.000............ 3 56,937.53 0.07 24.001 - 25.000............ 1 21,371.23 0.03 -------------- ----------------- ----------------- TOTAL....................... 931 $ 76,528,275.43 100.00% ============== ================= =================
Lowest Maximum Mortgage Coupon Rates: 14.14% Highest Maximum Mortgage Coupon Rates: 24.13% Weighted Average Maximum Mortgage Coupon Rates: 16.89% ARM GROUP DISTRIBUTION OF MINIMUM MORTGAGE COUPON RATES
RANGE OF MINIMUM NUMBER OF AGGREGATE % OF AGGREGATE MORTGAGE COUPON RATES MORTGAGE LOANS PRINCIPAL BALANCE PRINCIPAL BALANCE --------------------- -------------- ----------------- ----------------- 5.001 - 6.000%........... 4 $ 203,667.99 0.27% 6.001 - 7.000............ 3 572,274.63 0.75 7.001 - 8.000............ 262 26,577,200.92 34.72 8.001 - 9.000............ 133 13,025,982.62 17.02 9.001 - 10.000............ 171 13,687,685.42 17.89 10.001 - 11.000............ 142 9,901,762.45 12.94 11.001 - 12.000............ 91 5,994,872.00 7.83 12.001 - 13.000............ 61 3,711,416.91 4.85 13.001 - 14.000............ 36 1,825,228.26 2.39 14.001 - 15.000............ 20 753,497.28 0.98 15.001 - 16.000............ 4 196,378.19 0.26 16.001 - 17.000............ 3 56,937.53 0.07 17.001 - 18.000............ 1 21,371.23 0.03 -------------- ----------------- ----------------- TOTAL....................... 931 $ 76,528,275.43 100.00% ============== ================= =================
Lowest Minimum Mortgage Coupon Rates: 5.95% Highest Minimum Mortgage Coupon Rates: 17.13% Weighted Average Minimum Mortgage Coupon Rates: 9.28% 11 ARM GROUP DISTRIBUTION OF MARGINS
AGGREGATE % OF AGGREGATE RANGE OF NUMBER OF PRINCIPAL PRINCIPAL MARGINS MORTGAGE LOANS BALANCE BALANCE -------- -------------- ------------- -------------- 0.001 - 1.000%...... 1 $ 241,342.78 0.32% 1.001 - 2.000....... 48 5,189,793.59 6.78 2.001 - 3.000....... 74 7,798,154.56 10.19 3.001 - 4.000....... 63 5,490,821.99 7.17 4.001 - 5.000....... 66 6,571,354.74 8.59 5.001 - 6.000....... 204 17,572,992.68 22.97 6.001 - 7.000....... 207 17,558,746.52 22.94 7.001 - 8.000....... 134 9,469,890.77 12.37 8.001 - 9.000....... 76 4,339,606.30 5.67 9.001 -10.000....... 39 1,575,327.03 2.06 10.001 -11.000....... 8 352,399.78 0.46 11.001 -12.000....... 10 337,847.78 0.44 12.001 -13.000....... 1 29,996.91 0.04 --- -------------- ------ TOTAL.............. 931 $76,528,275.43 100.00% === ============== ======
Minimum Margin: 0.45% Maximum Margin: 12.13% Weighted Average Margin: 5.51%
ARM GROUP DISTRIBUTION OF LOAN TYPES
AGGREGATE % OF AGGREGATE NUMBER OF PRINCIPAL PRINCIPAL LOAN TYPES MORTGAGE LOANS BALANCE BALANCE ---------- -------------- -------------- -------------- ARM Loans: 6-mo. LIBOR.......... 226 $21,582,742.42 28.20% 1 yr. CMT............ 5 293,024.62 0.38 Hybrid Mortgage Loans: 2-yr. fixed/6-mo. LIBOR 50 3,335,573.95 4.36 3-yr. fixed/6-mo. LIBOR 611 48,436,569.38 63.30 3-yr. fixed/1-yr. CMT 17 1,302,551.58 1.70 5-yr. fixed/6-mo. LIBOR 22 1,577,813.48 2.06 --- -------------- ------ TOTAL.............. 931 $76,528,275.43 100.00% === ============== ======
ARM GROUP DISTRIBUTION OF COUPON RATE ADJUSTMENT FREQUENCIES
AGGREGATE % OF AGGREGATE RATE CHANGE PERIOD NUMBER OF PRINCIPAL PRINCIPAL (MONTHS) MORTGAGE LOANS BALANCE BALANCE ------------------ -------------- -------------- -------------- 6...................... 909 $74,932,699.23 97.92% 12..................... 22 1,595,576.20 2.08 --- -------------- ------ TOTAL............... 931 $76,528,275.43 100.00% === ============== ======
12 ARM GROUP DISTRIBUTION OF INITIAL PERIODIC COUPON RATE ADJUSTMENT CAPS
AGGREGATE % OF AGGREGATE INITIAL PERIODIC COUPON NUMBER OF PRINCIPAL PRINCIPAL RATE ADJUSTMENT CAPS MORTGAGE LOANS BALANCE BALANCE - ----------------------- -------------- -------------- -------------- 1.000%................. 264 $24,786,304.44 32.39% 2.000.................. 15 1,395,406.67 1.82 3.000.................. 652 50,346,564.32 65.79 --- -------------- ------ TOTAL............... 931 $76,528,275.43 100.00% === ============== ======
Minimum Initial Periodic Cap: 1.00% Maximum Initial Periodic Cap: 3.00% Weighted Average Initial Periodic Cap: 2.33%
ARM GROUP DISTRIBUTION OF PERIODIC COUPON RATE ADJUSTMENT CAPS
AGGREGATE % OF AGGREGATE PERIODIC COUPON RATE NUMBER OF PRINCIPAL PRINCIPAL ADJUSTMENT CAPS MORTGAGE LOANS BALANCE BALANCE -------------------- -------------- -------------- -------------- 1.000%................. 902 $74,643,002.07 97.53% 1.500.................. 5 203,390.56 0.27 2.000.................. 24 1,681,882.80 2.20 --- -------------- ------ TOTAL............... 931 $76,528,275.43 100.00% === ============== ======
Minimum Periodic Cap: 1.00% Maximum Periodic Cap: 2.00% Weighted Average Periodic Cap: 1.02%
ARM GROUP DISTRIBUTION OF LIFETIME COUPON RATE ADJUSTMENT CAPS
AGGREGATE % OF AGGREGATE LIFETIME COUPON RATE NUMBER OF PRINCIPAL PRINCIPAL ADJUSTMENT CAPS MORTGAGE LOANS BALANCE BALANCE -------------------- -------------- -------------- -------------- 6.000%............... 25 $ 1,877,223.93 2.45% 7.000................ 906 74,651,051.50 97.55 --- -------------- ------ TOTAL............... 931 $76,528,275.43 100.00% === ============== ======
Minimum Lifetime Cap: 6.00% Maximum Lifetime Cap: 7.00% Weighted Average Lifetime Cap: 6.98%
13 ARM GROUP NEXT COUPON RATE ADJUSTMENT DATE DISTRIBUTION
AGGREGATE % OF AGGREGATE NEXT COUPON RATE NUMBER OF PRINCIPAL PRINCIPAL ADJUSTMENT DATE MORTGAGE LOANS BALANCE BALANCE --------------- -------------- ------------- -------------- June, 2000............. 3 $ 173,133.79 0.23% July, 2000............. 1 105,649.30 0.14 August, 2000........... 4 546,639.55 0.71 September, 2000........ 4 289,112.49 0.38 October, 2000.......... 24 1,596,486.89 2.09 November, 2000......... 9 531,710.38 0.69 December, 2000......... 12 760,414.26 0.99 January, 2001.......... 21 2,155,410.47 2.82 February, 2001......... 39 3,830,009.47 5.00 March, 2001............ 44 4,372,408.40 5.71 April, 2001............ 31 3,580,772.43 4.68 May, 2001.............. 24 2,193,247.11 2.87 June, 2001............. 17 1,835,973.65 2.40 July, 2001............. 5 366,131.66 0.48 August, 2001........... 3 180,219.89 0.24 September, 2001........ 3 86,028.60 0.11 October, 2001.......... 5 821,326.10 1.07 November, 2001......... 6 279,976.80 0.37 December, 2001......... 6 280,170.36 0.37 January, 2002.......... 8 448,612.83 0.59 February, 2002......... 7 492,503.83 0.64 March, 2002............ 4 251,626.88 0.33 April, 2002............ 3 206,714.62 0.27 May, 2002.............. 7 270,711.16 0.35 June, 2002............. 3 197,760.06 0.26 September, 2002........ 2 142,845.32 0.19 October, 2002.......... 1 114,506.50 0.15 November, 2002......... 30 2,105,636.87 2.75 December, 2002......... 39 2,965,539.47 3.88 January, 2003.......... 34 2,746,009.32 3.59 February, 2003......... 162 13,429,311.80 17.54 March, 2003............ 155 11,798,047.10 15.41 April, 2003............ 129 10,557,743.12 13.79 May, 2003.............. 63 5,080,871.47 6.64 June, 2003............. 1 157,200.00 0.21 May, 2004.............. 1 17,917.86 0.02 November, 2004......... 3 355,224.28 0.46 December, 2004......... 1 89,943.66 0.12 January, 2005.......... 2 95,075.86 0.12 February, 2005......... 7 444,638.73 0.58 March, 2005............ 2 74,785.69 0.10 April, 2005............ 4 348,227.40 0.46 May, 2005.............. 2 152,000.00 0.20 --- -------------- ------ TOTAL.............. 931 $76,528,275.43 100.00% === ============== ======
Weighted Average Next Interest Adjustment Date: July 23, 2002 Weighted Average Number of Months to Next Interest Adjustment Date: 27
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