EX-99.1 CHARTER 3 redwoodmkt.htm EXHIBIT 99.1 Redwood Mkt

Redwood Sequoia: 2004-10

 

 

 

Group 2

 

 

 

 

 

 

 

  

Minimum

Maximum

Scheduled Principal Balance

$331,098,158

$50,000

$2,000,000

Average Scheduled Principal Balance

$338,546

  

Number of Mortgage Loans

978

  
    

Weighted Average Gross Coupon

3.583%

2.625%

4.375%

Weighted Average FICO Score

731

624

817

Weighted Average Combined Original LTV

71.32%

19.00%

100.00%

    

Weighted Average Original Term

344 months

300 months

360 months

Weighted Average Stated Remaining Term

343 months

274 months

360 months

Weighted Average Seasoning

1   months

0   months

26  months

    

Weighted Average Gross Margin

1.753%

1.000%

3.500%

Weighted Average Minimum Interest Rate

1.753%

1.000%

3.500%

Weighted Average Maximum Interest Rate

12.034%

12.000%

12.500%

Weighted Average Initial Rate Cap

0.000%

0.000%

0.000%

Weighted Average Subsequent Rate Cap

0.000%

0.000%

0.000%

Weighted Average Months to Roll

5   months

1   months

6   months

    

Maturity Date

 

Aug  1 2027

Oct  1 2034

Maximum Zip Code Concentration

0.88%

  22102 (McLean, VA)

    

ARM

100.00%

  
    

6 MO LIBOR

100.00%

  
    

Interest Only

100.00%

  
    

Prepay Penalty:  0 months

70.67%

  

Prepay Penalty: 36 months

29.33%

  
    

First Lien

100.00%

  
    

Alternative Documentation

8.46%

  

Asset, No Income

22.92%

  

Full Documentation

54.81%

  

Limited Documentation

10.61%

  

Lite Documentation

2.95%

  

No Ratio

0.25%

  
    

Cash Out Refinance

27.27%

  

Purchase

41.68%

  

Rate/Term Refinance

31.04%

  
    

Condominium

9.03%

  

Cooperative

0.58%

  

Planned Unit Development

31.90%

  

Single Family

57.28%

  

Townhouse

0.11%

  

Two-Four Family

1.10%

  
    

Investor

1.45%

  

Primary

91.28%

  

Second Home

7.27%

  
    

Top 5 States:

   

California

28.68%

  

Florida

8.73%

  

Virginia

6.06%

  

Ohio

5.38%

  

Arizona

5.03%

  







Redwood Sequoia: 2004-10

 

 

 

Group 1

 

 

 

 

 

 

 

  

Minimum

Maximum

Scheduled Principal Balance

$353,904,046

$30,000

$3,000,000

Average Scheduled Principal Balance

$379,725

  

Number of Mortgage Loans

932

  
    

Weighted Average Gross Coupon

3.376%

2.000%

4.500%

Weighted Average FICO Score

732

624

817

Weighted Average Combined Original LTV

72.20%

9.44%

100.00%

    

Weighted Average Original Term

339 months

300 months

360 months

Weighted Average Stated Remaining Term

338 months

264 months

360 months

Weighted Average Seasoning

1   months

0   months

36  months

    

Weighted Average Gross Margin

1.668%

1.000%

2.375%

Weighted Average Minimum Interest Rate

1.668%

1.000%

2.375%

Weighted Average Maximum Interest Rate

12.021%

12.000%

15.000%

Weighted Average Initial Rate Cap

0.000%

0.000%

0.000%

Weighted Average Subsequent Rate Cap

0.000%

0.000%

0.000%

Weighted Average Months to Roll

2   months

1   months

6   months

    

Maturity Date

 

Oct  1 2026

Oct  1 2034

Maximum Zip Code Concentration

0.98%

  22066 (Great Falls, VA)

    

ARM

100.00%

  
    

1 MO LIBOR

69.65%

  

6 MO LIBOR

30.35%

  
    

Interest Only

100.00%

  
    

Prepay Penalty:  0 months

71.22%

  

Prepay Penalty: 36 months

28.78%

  
    

First Lien

100.00%

  
    

Alternative Documentation

19.62%

  

Asset, No Income

18.95%

  

Full Documentation

49.60%

  

Limited Documentation

1.75%

  

Lite Documentation

9.33%

  

No Ratio

0.76%

  
    

Cash Out Refinance

31.37%

  

Purchase

44.22%

  

Rate/Term Refinance

24.41%

  
    

Condominium

10.87%

  

Cooperative

0.45%

  

Planned Unit Development

24.24%

  

Single Family

61.98%

  

Townhouse

0.08%

  

Two-Four Family

2.38%

  
    

Investor

2.53%

  

Primary

86.49%

  

Second Home

10.98%

  
    

Top 5 States:

   

California

25.69%

  

Florida

7.91%

  

New York

7.05%

  

Ohio

5.74%

  

New Jersey

5.01%

  







Redwood Sequoia: 2004-10

 

 

 

ALL

 

 

 

 

 

 

 

  

Minimum

Maximum

Scheduled Principal Balance

$685,002,204

$30,000

$3,000,000

Average Scheduled Principal Balance

$358,640

  

Number of Mortgage Loans

1,910

  
    

Weighted Average Gross Coupon

3.476%

2.000%

4.500%

Weighted Average FICO Score

732

624

817

Weighted Average Combined Original LTV

71.77%

9.44%

100.00%

    

Weighted Average Original Term

341 months

300 months

360 months

Weighted Average Stated Remaining Term

340 months

264 months

360 months

Weighted Average Seasoning

1   months

0   months

36  months

    

Weighted Average Gross Margin

1.709%

1.000%

3.500%

Weighted Average Minimum Interest Rate

1.709%

1.000%

3.500%

Weighted Average Maximum Interest Rate

12.028%

12.000%

15.000%

Weighted Average Initial Rate Cap

0.000%

0.000%

0.000%

Weighted Average Subsequent Rate Cap

0.000%

0.000%

0.000%

Weighted Average Months to Roll

4   months

1   months

6   months

    

Maturity Date

 

Oct  1 2026

Oct  1 2034

Maximum Zip Code Concentration

0.59%

  94010 (Burlingame, CA)

    

ARM

100.00%

  
    

1 MO LIBOR

35.98%

  

6 MO LIBOR

64.02%

  
    

Interest Only

100.00%

  
    

Prepay Penalty:  0 months

70.95%

  

Prepay Penalty: 36 months

29.05%

  
    

First Lien

100.00%

  
    

Alternative Documentation

14.22%

  

Asset, No Income

20.87%

  

Full Documentation

52.12%

  

Limited Documentation

6.03%

  

Lite Documentation

6.24%

  

No Ratio

0.51%

  
    

Cash Out Refinance

29.39%

  

Purchase

42.99%

  

Rate/Term Refinance

27.62%

  
    

Condominium

9.98%

  

Cooperative

0.52%

  

Planned Unit Development

27.94%

  

Single Family

59.71%

  

Townhouse

0.10%

  

Two-Four Family

1.76%

  
    

Investor

2.01%

  

Primary

88.80%

  

Second Home

9.19%

  
    

Top 5 States:

   

California

27.14%

  

Florida

8.31%

  

Ohio

5.57%

  

Virginia

5.05%

  

New York

4.77%

  







Redwood Sequoia: 2004-10

 

 

 

 

 

 

 

 

 

 

 

 

 

Group 2

 

 

 

 

 

 

 

Current Principal Balance

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

        0.01 -    50,000.00

4

200,000.00

0.06%

3.531

330

54.19

738

   50,000.01 -   100,000.00

54

4,662,694.28

1.41%

3.506

349

67.99

731

  100,000.01 -   150,000.00

140

17,957,990.21

5.42%

3.591

355

72.96

726

  150,000.01 -   200,000.00

154

27,127,064.08

8.19%

3.589

354

72.14

729

  200,000.01 -   250,000.00

105

23,544,559.09

7.11%

3.535

350

74.15

728

  250,000.01 -   300,000.00

94

25,750,074.52

7.78%

3.526

349

72.95

728

  300,000.01 -   350,000.00

72

23,448,764.44

7.08%

3.572

345

74.46

732

  350,000.01 -   400,000.00

77

28,944,930.00

8.74%

3.595

333

73.86

732

  400,000.01 -   450,000.00

50

21,479,204.81

6.49%

3.551

346

72.92

732

  450,000.01 -   500,000.00

57

27,089,511.00

8.18%

3.649

341

69.89

743

  500,000.01 -   550,000.00

35

18,299,338.36

5.53%

3.625

337

74.10

731

  550,000.01 -   600,000.00

31

18,088,670.00

5.46%

3.580

334

70.70

729

  600,000.01 -   650,000.00

17

10,776,575.00

3.25%

3.676

345

75.33

716

  650,000.01 -   700,000.00

17

11,538,822.56

3.49%

3.574

334

73.68

747

  700,000.01 -   750,000.00

9

6,607,950.00

2.00%

3.582

345

64.96

729

  750,000.01 -   800,000.00

8

6,249,200.00

1.89%

3.516

336

69.92

718

  800,000.01 -   850,000.00

6

4,973,455.00

1.50%

3.604

320

68.83

694

  850,000.01 -   900,000.00

9

7,973,850.00

2.41%

3.635

345

62.85

756

  900,000.01 -   950,000.00

6

5,550,327.88

1.68%

3.501

339

67.93

719

  950,000.01 - 1,000,000.00

15

14,852,650.00

4.49%

3.649

336

64.83

734

1,000,000.01+

18

25,982,527.21

7.85%

3.550

338

65.64

736

Total

978

331,098,158.44

100.00%

3.583

343

71.32

731

 

 

 

 

 

 

 

 

Current Gross Rate

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

 2.500 - 2.999

39

17,335,772.07

5.24%

2.805

358

70.39

731

 3.000 - 3.499

258

78,442,101.10

23.69%

3.258

352

70.51

732

 3.500 - 3.999

575

197,064,702.27

59.52%

3.682

337

72.13

732

 4.000 - 4.499

106

38,255,583.00

11.55%

4.087

348

69.24

726

Total

978

331,098,158.44

100.00%

3.583

343

71.32

731

 

 

 

 

 

 

 

 

FICO

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

600-624

1

264,000.00

0.08%

3.625

300

80.00

624

625-649

9

2,439,193.00

0.74%

3.537

316

80.93

642

650-674

92

24,997,325.98

7.55%

3.593

353

73.59

662

675-699

172

58,855,183.79

17.78%

3.567

346

71.98

688

700-724

173

59,875,320.39

18.08%

3.632

346

71.43

712

725-749

168

57,820,947.07

17.46%

3.551

345

69.60

738

750-774

194

72,266,702.82

21.83%

3.583

340

70.86

761

775-799

140

45,832,971.11

13.84%

3.573

334

71.68

786

800-817

29

8,746,514.28

2.64%

3.583

331

70.03

808

Total

978

331,098,158.44

100.00%

3.583

343

71.32

731

 

 

 

 

 

 

 

 

Combined Original LTV

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

  0.01- 49.99

62

20,801,094.28

6.28%

3.647

338

41.29

737

 50.00- 54.99

32

10,436,576.50

3.15%

3.409

350

52.11

740

 55.00- 59.99

40

20,107,751.91

6.07%

3.552

355

57.11

731

 60.00- 64.99

69

27,046,685.30

8.17%

3.559

350

62.64

744

 65.00- 69.99

75

28,184,083.00

8.51%

3.620

347

67.76

729

 70.00- 74.99

144

53,369,644.93

16.12%

3.616

342

71.78

727

 75.00- 79.99

236

73,030,932.44

22.06%

3.565

346

77.56

726

 80.00

277

88,141,102.08

26.62%

3.581

334

80.00

734

 80.01- 84.99

8

1,516,000.00

0.46%

3.606

342

83.70

726

 85.00- 89.99

12

2,961,800.00

0.89%

3.568

351

88.53

714

 90.00- 94.99

11

2,347,750.00

0.71%

3.624

347

92.31

703

 95.00- 99.99

9

2,071,800.00

0.63%

3.772

336

95.94

741

100.00

3

1,082,938.00

0.33%

3.538

300

100.00

730

Total

978

331,098,158.44

100.00%

3.583

343

71.32

731

 

 

 

 

 

 

 

 

Original Term (months)

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

300

203

89,505,587.07

27.03%

3.676

299

72.97

743

360

775

241,592,571.37

72.97%

3.548

359

70.71

727

Total

978

331,098,158.44

100.00%

3.583

343

71.32

731

 

 

 

 

 

 

 

 

Stated Remaining Term (months)

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

241-300

203

89,505,587.07

27.03%

3.676

299

72.97

743

301-360

775

241,592,571.37

72.97%

3.548

359

70.71

727

Total

978

331,098,158.44

100.00%

3.583

343

71.32

731

 

 

 

 

 

 

 

 

Debt Ratio

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

 0.01 -20.00

95

34,730,059.96

10.49%

3.470

344

66.15

738

20.01 -25.00

98

32,915,756.66

9.94%

3.577

343

71.92

739

25.01 -30.00

115

35,045,901.52

10.58%

3.568

346

71.98

732

30.01 -35.00

166

48,648,102.69

14.69%

3.590

349

69.53

729

35.01 -40.00

269

91,031,816.80

27.49%

3.587

347

71.26

727

40.01 -45.00

154

54,060,586.74

16.33%

3.644

340

74.72

730

45.01 -50.00

55

20,842,632.36

6.30%

3.616

330

74.98

731

50.01 -55.00

10

4,769,656.00

1.44%

3.654

304

73.11

746

55.01 -60.00

8

4,506,745.71

1.36%

3.447

320

67.07

720

60.01+

6

3,746,900.00

1.13%

3.614

300

68.14

738

None

2

800,000.00

0.24%

3.578

300

61.95

784

Total

978

331,098,158.44

100.00%

3.583

343

71.32

731

 

 

 

 

 

 

 

 

FRM/ARM

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

ARM

978

331,098,158.44

100.00%

3.583

343

71.32

731

Total

978

331,098,158.44

100.00%

3.583

343

71.32

731

 

 

 

 

 

 

 

 

Product

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

6 MO LIBOR

978

331,098,158.44

100.00%

3.583

343

71.32

731

Total

978

331,098,158.44

100.00%

3.583

343

71.32

731

 

 

 

 

 

 

 

 

Interest Only

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

Interest Only

978

331,098,158.44

100.00%

3.583

343

71.32

731

Total

978

331,098,158.44

100.00%

3.583

343

71.32

731

 

 

 

 

 

 

 

 

Prepayment Penalty Original Term (months)

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

Prepay Penalty:  0 months

615

233,993,229.47

70.67%

3.627

336

71.45

734

Prepay Penalty: 36 months

363

97,104,928.97

29.33%

3.475

359

71.01

726

Total

978

331,098,158.44

100.00%

3.583

343

71.32

731

 

 

 

 

 

 

 

 

Lien

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

First Lien

978

331,098,158.44

100.00%

3.583

343

71.32

731

Total

978

331,098,158.44

100.00%

3.583

343

71.32

731

 

 

 

 

 

 

 

 

Documentation Type

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

Alternative Documentation

75

28,003,069.68

8.46%

3.511

303

75.79

724

Asset, No Income

193

75,887,525.25

22.92%

3.698

359

65.69

726

Full Documentation

612

181,486,093.93

54.81%

3.508

352

73.34

729

Limited Documentation

67

35,145,753.58

10.61%

3.779

304

70.41

753

Lite Documentation

29

9,752,716.00

2.95%

3.564

300

68.81

758

No Ratio

2

823,000.00

0.25%

3.576

300

63.37

795

Total

978

331,098,158.44

100.00%

3.583

343

71.32

731

 

 

 

 

 

 

 

 

Loan Purpose

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

Cash Out Refinance

299

90,295,770.38

27.27%

3.526

348

67.77

730

Purchase

348

138,013,349.98

41.68%

3.639

333

76.07

738

Rate/Term Refinance

331

102,789,038.08

31.04%

3.557

352

68.07

724

Total

978

331,098,158.44

100.00%

3.583

343

71.32

731

 

 

 

 

 

 

 

 

Property Type

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

Condominium

100

29,891,547.81

9.03%

3.602

335

74.52

736

Cooperative

6

1,934,750.00

0.58%

3.650

300

71.24

727

Planned Unit Development

292

105,611,426.00

31.90%

3.574

345

71.45

731

Single Family

565

189,652,851.82

57.28%

3.581

343

70.88

731

Townhouse

1

370,000.00

0.11%

4.000

299

69.81

789

Two-Four Family

14

3,637,582.81

1.10%

3.703

347

64.74

749

Total

978

331,098,158.44

100.00%

3.583

343

71.32

731

 

 

 

 

 

 

 

 

Occupancy Status

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

Investor

19

4,812,480.00

1.45%

3.644

318

62.92

728

Primary

892

302,229,318.41

91.28%

3.582

344

71.49

732

Second Home

67

24,056,360.03

7.27%

3.573

335

70.88

728

Total

978

331,098,158.44

100.00%

3.583

343

71.32

731

 

 

 

 

 

 

 

 

State

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

Arizona

61

16,646,353.25

5.03%

3.604

354

71.88

732

Arkansas

1

124,982.42

0.04%

3.375

358

62.19

745

California

216

94,970,454.01

28.68%

3.685

342

68.96

735

Colorado

46

13,377,470.95

4.04%

3.572

350

70.31

729

Connecticut

4

4,199,100.00

1.27%

2.823

358

55.04

743

Delaware

1

358,200.00

0.11%

2.875

356

80.00

776

District of Columbia

2

1,050,000.00

0.32%

3.429

357

65.71

692

Florida

82

28,914,031.52

8.73%

3.662

341

73.78

723

Georgia

55

15,553,776.86

4.70%

3.534

346

73.02

727

Hawaii

3

1,371,250.00

0.41%

3.693

304

72.34

767

Illinois

27

8,646,196.00

2.61%

3.661

337

76.16

723

Indiana

2

500,000.00

0.15%

3.500

300

80.00

725

Kansas

1

152,000.00

0.05%

4.250

359

78.96

725

Kentucky

7

1,505,445.83

0.45%

3.415

358

63.35

739

Louisiana

1

150,000.00

0.05%

3.375

357

75.00

743

Maine

5

1,669,500.00

0.50%

3.535

327

73.60

686

Maryland

24

11,358,320.00

3.43%

3.503

333

71.48

726

Massachusetts

15

6,625,000.00

2.00%

3.674

331

66.15

742

Michigan

18

5,130,416.25

1.55%

3.543

350

74.08

721

Minnesota

22

7,097,852.98

2.14%

3.510

345

72.21

741

Mississippi

1

148,400.00

0.04%

3.750

300

80.00

769

Missouri

2

534,023.00

0.16%

3.709

300

79.78

734

Nevada

22

8,486,450.00

2.56%

3.794

340

73.55

735

New Hampshire

2

498,500.00

0.15%

3.810

358

70.14

724

New Jersey

19

7,559,501.00

2.28%

3.666

325

71.53

755

New Mexico

4

987,720.00

0.30%

3.800

359

77.47

715

New York

20

7,748,982.81

2.34%

3.567

319

73.29

722

North Carolina

44

13,197,450.00

3.99%

3.346

349

71.25

727

Ohio

106

17,811,847.99

5.38%

3.503

358

76.28

728

Oklahoma

1

147,996.00

0.04%

3.625

300

80.00

713

Oregon

6

1,674,400.00

0.51%

3.700

334

69.86

770

Pennsylvania

14

4,122,400.00

1.25%

3.703

349

74.19

750

Rhode Island

2

555,920.00

0.17%

3.653

336

76.87

765

South Carolina

17

5,681,910.51

1.72%

3.441

339

68.25

721

Tennessee

13

3,286,200.00

0.99%

3.492

343

75.32

726

Texas

29

10,187,102.28

3.08%

3.437

352

71.55

735

Utah

12

2,212,594.14

0.67%

3.424

354

75.17

713

Vermont

1

172,000.00

0.05%

3.500

300

80.00

740

Virginia

48

20,076,052.36

6.06%

3.481

338

72.63

730

Washington

21

5,628,358.28

1.70%

3.403

342

69.13

733

Wisconsin

1

980,000.00

0.30%

3.375

300

75.73

681

Total

978

331,098,158.44

100.00%

3.583

343

71.32

731

 

 

 

 

 

 

 

 

Gross Margin

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

 1.000 - 1.499

97

36,687,494.40

11.08%

3.106

353

70.57

730

 1.500 - 1.999

640

211,253,453.79

63.80%

3.575

338

71.90

733

 2.000 - 2.499

238

81,519,210.25

24.62%

3.814

350

70.22

728

 2.500 - 2.999

2

1,314,000.00

0.40%

3.768

356

65.85

774

 3.500 - 3.999

1

324,000.00

0.10%

3.500

356

80.00

695

Total

978

331,098,158.44

100.00%

3.583

343

71.32

731

 

 

 

 

 

 

 

 

Minimum Interest Rate

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

 1.000 - 1.499

97

36,687,494.40

11.08%

3.106

353

70.57

730

 1.500 - 1.999

640

211,253,453.79

63.80%

3.575

338

71.90

733

 2.000 - 2.499

238

81,519,210.25

24.62%

3.814

350

70.22

728

 2.500 - 2.999

2

1,314,000.00

0.40%

3.768

356

65.85

774

 3.500 - 3.999

1

324,000.00

0.10%

3.500

356

80.00

695

Total

978

331,098,158.44

100.00%

3.583

343

71.32

731

 

 

 

 

 

 

 

 

Maximum Interest Rate

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

12.000 -12.499

926

308,310,007.25

93.12%

3.610

342

71.63

731

12.500 -12.999

52

22,788,151.19

6.88%

3.210

358

67.09

742

Total

978

331,098,158.44

100.00%

3.583

343

71.32

731

 

 

 

 

 

 

 

 

Initial Periodic Rate Cap

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

0.000

978

331,098,158.44

100.00%

3.583

343

71.32

731

Total

978

331,098,158.44

100.00%

3.583

343

71.32

731

 

 

 

 

 

 

 

 

Subsequent Periodic Rate Cap

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

0.000

978

331,098,158.44

100.00%

3.583

343

71.32

731

Total

978

331,098,158.44

100.00%

3.583

343

71.32

731

 

 

 

 

 

 

 

 

Next Rate Change Date

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

11/01/04

10

4,934,046.07

1.49%

3.305

352

64.92

728

12/01/04

23

8,439,993.43

2.55%

3.321

355

74.91

717

01/01/05

41

17,869,048.84

5.40%

3.218

354

68.05

740

02/01/05

72

26,910,535.96

8.13%

3.464

353

71.72

730

03/01/05

415

142,462,483.00

43.03%

3.649

341

71.42

733

04/01/05

417

130,482,051.14

39.41%

3.612

340

71.59

730

Total

978

331,098,158.44

100.00%

3.583

343

71.32

731







Redwood Sequoia: 2004-10

 

 

 

 

 

 

 

 

 

 

 

 

 

Group 1

 

 

 

 

 

 

 

Current Principal Balance

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

        0.01 -    50,000.00

3

130,000.00

0.04%

3.519

323

22.39

782

   50,000.01 -   100,000.00

40

3,129,650.00

0.88%

3.321

343

69.25

730

  100,000.01 -   150,000.00

123

15,466,555.57

4.37%

3.449

347

74.41

732

  150,000.01 -   200,000.00

139

24,231,799.97

6.85%

3.365

342

73.26

728

  200,000.01 -   250,000.00

88

19,821,159.99

5.60%

3.302

343

74.16

736

  250,000.01 -   300,000.00

92

25,387,881.26

7.17%

3.376

344

71.80

734

  300,000.01 -   350,000.00

64

20,900,845.68

5.91%

3.345

342

74.96

731

  350,000.01 -   400,000.00

73

27,623,050.00

7.81%

3.361

338

70.76

736

  400,000.01 -   450,000.00

49

21,037,919.98

5.94%

3.467

339

69.45

732

  450,000.01 -   500,000.00

46

22,091,099.98

6.24%

3.295

339

69.23

738

  500,000.01 -   550,000.00

40

21,109,200.00

5.96%

3.336

343

73.63

737

  550,000.01 -   600,000.00

35

20,419,224.00

5.77%

3.478

332

75.11

726

  600,000.01 -   650,000.00

34

21,390,754.99

6.04%

3.445

349

69.09

740

  650,000.01 -   700,000.00

13

8,766,952.45

2.48%

3.434

323

76.60

736

  700,000.01 -   750,000.00

15

10,859,602.00

3.07%

3.325

323

75.18

739

  750,000.01 -   800,000.00

15

11,882,500.00

3.36%

3.411

344

71.08

738

  800,000.01 -   850,000.00

3

2,490,000.00

0.70%

3.159

339

70.85

729

  850,000.01 -   900,000.00

9

7,859,294.06

2.22%

3.289

315

71.12

712

  900,000.01 -   950,000.00

6

5,626,755.83

1.59%

3.459

333

61.52

733

  950,000.01 - 1,000,000.00

11

10,960,949.98

3.10%

3.294

341

64.31

726

1,000,000.01+

34

52,718,850.00

14.90%

3.380

329

74.28

725

Total

932

353,904,045.74

100.00%

3.376

338

72.20

732

 

 

 

 

 

 

 

 

Current Gross Rate

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

 2.000 - 2.499

1

487,499.98

0.14%

2.000

345

78.63

693

 2.500 - 2.999

59

20,671,899.90

5.84%

2.844

346

69.58

737

 3.000 - 3.499

490

193,976,953.97

54.81%

3.178

330

74.08

732

 3.500 - 3.999

330

113,867,415.98

32.17%

3.658

347

70.95

733

 4.000 - 4.499

51

24,775,475.91

7.00%

4.093

349

65.43

725

 4.500 - 4.999

1

124,800.00

0.04%

4.500

359

45.41

812

Total

932

353,904,045.74

100.00%

3.376

338

72.20

732

 

 

 

 

 

 

 

 

FICO

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

600-624

1

226,700.00

0.06%

3.000

300

66.09

624

625-649

10

4,356,493.00

1.23%

3.330

312

79.19

640

650-674

75

25,615,073.48

7.24%

3.442

334

70.29

665

675-699

138

55,790,747.14

15.76%

3.368

338

74.26

688

700-724

190

72,237,995.27

20.41%

3.363

342

71.62

713

725-749

154

59,132,533.01

16.71%

3.408

339

70.29

738

750-774

195

78,384,350.85

22.15%

3.381

336

73.38

761

775-799

135

49,842,653.80

14.08%

3.322

336

72.39

786

800-817

34

8,317,499.19

2.35%

3.416

347

67.10

806

Total

932

353,904,045.74

100.00%

3.376

338

72.20

732

 

 

 

 

 

 

 

 

Combined Original LTV

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

  0.01- 49.99

66

23,775,050.00

6.72%

3.434

331

40.23

735

 50.00- 54.99

27

9,908,699.98

2.80%

3.409

342

52.31

732

 55.00- 59.99

35

12,471,251.44

3.52%

3.421

337

57.99

735

 60.00- 64.99

64

29,010,683.14

8.20%

3.492

340

62.11

735

 65.00- 69.99

84

41,507,081.84

11.73%

3.410

347

67.85

727

 70.00- 74.99

144

57,958,791.36

16.38%

3.443

346

72.25

735

 75.00- 79.99

184

63,676,856.19

17.99%

3.299

341

77.29

731

 80.00

270

92,045,258.20

26.01%

3.332

333

80.00

731

 80.01- 84.99

2

308,900.00

0.09%

3.554

360

84.63

687

 85.00- 89.99

11

5,309,962.79

1.50%

3.219

321

88.89

739

 90.00- 94.99

12

2,365,750.00

0.67%

3.529

339

92.05

731

 95.00- 99.99

9

2,096,349.80

0.59%

3.665

342

95.00

723

100.00

24

13,469,411.00

3.81%

3.209

300

100.00

730

Total

932

353,904,045.74

100.00%

3.376

338

72.20

732

 

 

 

 

 

 

 

 

Original Term (months)

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

300

281

123,717,174.88

34.96%

3.235

299

74.50

731

360

651

230,186,870.86

65.04%

3.451

359

70.96

732

Total

932

353,904,045.74

100.00%

3.376

338

72.20

732

 

 

 

 

 

 

 

 

Stated Remaining Term (months)

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

241-300

281

123,717,174.88

34.96%

3.235

299

74.50

731

301-360

651

230,186,870.86

65.04%

3.451

359

70.96

732

Total

932

353,904,045.74

100.00%

3.376

338

72.20

732

 

 

 

 

 

 

 

 

Debt Ratio

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

 0.01 -20.00

98

44,503,885.96

12.58%

3.412

334

71.16

744

20.01 -25.00

90

31,971,696.09

9.03%

3.368

339

72.88

741

25.01 -30.00

127

45,976,705.15

12.99%

3.347

346

71.20

730

30.01 -35.00

176

64,055,568.02

18.10%

3.445

349

71.67

733

35.01 -40.00

220

78,288,056.28

22.12%

3.385

347

72.44

730

40.01 -45.00

122

46,444,957.45

13.12%

3.397

333

72.05

722

45.01 -50.00

40

14,484,427.79

4.09%

3.338

315

70.72

720

50.01 -55.00

22

11,631,424.00

3.29%

3.183

300

77.50

728

55.01 -60.00

17

6,309,850.00

1.78%

3.138

302

78.63

724

60.01+

9

4,009,000.00

1.13%

3.107

300

70.95

755

None

11

6,228,475.00

1.76%

3.251

300

74.78

717

Total

932

353,904,045.74

100.00%

3.376

338

72.20

732

 

 

 

 

 

 

 

 

FRM/ARM

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

ARM

932

353,904,045.74

100.00%

3.376

338

72.20

732

Total

932

353,904,045.74

100.00%

3.376

338

72.20

732

 

 

 

 

 

 

 

 

Product

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

1 MO LIBOR

621

246,483,409.33

69.65%

3.273

335

72.88

733

6 MO LIBOR

311

107,420,636.41

30.35%

3.613

345

70.64

729

Total

932

353,904,045.74

100.00%

3.376

338

72.20

732

 

 

 

 

 

 

 

 

Interest Only

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

Interest Only

932

353,904,045.74

100.00%

3.376

338

72.20

732

Total

932

353,904,045.74

100.00%

3.376

338

72.20

732

 

 

 

 

 

 

 

 

Prepayment Penalty Original Term (months)

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

Prepay Penalty:  0 months

619

252,044,577.39

71.22%

3.398

329

72.16

732

Prepay Penalty: 36 months

313

101,859,468.35

28.78%

3.321

359

72.30

733

Total

932

353,904,045.74

100.00%

3.376

338

72.20

732

 

 

 

 

 

 

 

 

Lien

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

First Lien

932

353,904,045.74

100.00%

3.376

338

72.20

732

Total

932

353,904,045.74

100.00%

3.376

338

72.20

732

 

 

 

 

 

 

 

 

Documentation Type

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

Alternative Documentation

144

69,426,005.50

19.62%

3.151

300

75.96

730

Asset, No Income

171

67,061,247.78

18.95%

3.593

359

66.04

729

Full Documentation

512

175,535,528.67

49.60%

3.417

354

73.23

733

Limited Documentation

10

6,176,125.00

1.75%

3.670

316

65.67

745

Lite Documentation

89

33,019,463.79

9.33%

3.158

300

73.29

732

No Ratio

6

2,685,675.00

0.76%

3.065

300

62.74

735

Total

932

353,904,045.74

100.00%

3.376

338

72.20

732

 

 

 

 

 

 

 

 

Loan Purpose

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

Cash Out Refinance

290

111,006,413.61

31.37%

3.394

338

67.52

729

Purchase

367

156,498,642.04

44.22%

3.358

333

76.49

737

Rate/Term Refinance

275

86,398,990.09

24.41%

3.384

346

70.43

726

Total

932

353,904,045.74

100.00%

3.376

338

72.20

732

 

 

 

 

 

 

 

 

Property Type

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

Condominium

100

38,459,006.53

10.87%

3.346

327

76.33

736

Cooperative

3

1,605,000.00

0.45%

3.532

331

55.77

739

Planned Unit Development

224

85,773,262.02

24.24%

3.359

341

72.66

733

Single Family

585

219,342,272.03

61.98%

3.386

339

71.50

731

Townhouse

1

299,555.16

0.08%

4.000

352

75.00

685

Two-Four Family

19

8,424,950.00

2.38%

3.365

328

69.65

739

Total

932

353,904,045.74

100.00%

3.376

338

72.20

732

 

 

 

 

 

 

 

 

Occupancy Status

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

Investor

32

8,954,022.99

2.53%

3.208

313

68.69

748

Primary

810

306,077,645.11

86.49%

3.391

341

71.91

731

Second Home

90

38,872,377.64

10.98%

3.296

317

75.26

732

Total

932

353,904,045.74

100.00%

3.376

338

72.20

732

 

 

 

 

 

 

 

 

State

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

Alabama

1

61,250.00

0.02%

2.875

299

70.00

753

Alaska

1

205,000.00

0.06%

3.500

298

100.00

781

Arizona

38

12,917,662.58

3.65%

3.460

339

72.93

720

Arkansas

1

139,000.00

0.04%

3.125

300

100.00

800

California

178

90,928,556.00

25.69%

3.496

344

68.66

735

Colorado

34

10,447,280.00

2.95%

3.402

350

72.79

747

Connecticut

6

2,137,000.00

0.60%

3.211

343

63.97

744

Delaware

2

432,400.00

0.12%

3.212

299

42.03

740

District of Columbia

5

2,968,515.16

0.84%

3.316

305

75.82

703

Florida

74

28,003,549.00

7.91%

3.259

328

73.29

744

Georgia

40

12,330,320.00

3.48%

3.454

338

76.59

731

Hawaii

6

5,807,700.00

1.64%

3.161

299

87.51

714

Idaho

1

122,200.00

0.03%

3.625

359

78.84

723

Illinois

38

11,610,025.00

3.28%

3.374

340

71.82

746

Kansas

6

1,222,250.00

0.35%

3.361

320

75.37

701

Kentucky

2

526,464.48

0.15%

3.166

319

65.01

754

Maine

6

1,541,400.00

0.44%

3.428

313

71.35

717

Maryland

20

9,112,649.00

2.57%

3.462

343

75.98

737

Massachusetts

19

9,362,500.00

2.65%

3.097

308

72.90

748

Michigan

27

8,832,081.99

2.50%

3.277

340

76.34

714

Minnesota

24

9,101,154.00

2.57%

3.307

346

79.68

745

Mississippi

1

178,500.00

0.05%

3.500

358

85.00

816

Missouri

3

923,920.00

0.26%

3.162

308

80.00

727

Nebraska

2

530,000.00

0.15%

2.929

333

59.54

669

Nevada

23

7,386,726.00

2.09%

3.403

317

71.86

722

New Hampshire

1

166,500.00

0.05%

3.500

359

79.98

691

New Jersey

36

17,727,724.39

5.01%

3.407

323

65.78

727

New Mexico

1

185,000.00

0.05%

3.000

300

100.00

773

New York

36

24,942,563.50

7.05%

3.409

327

70.17

722

North Carolina

28

10,396,000.00

2.94%

3.231

338

74.06

723

Ohio

102

20,322,819.99

5.74%

3.304

356

75.97

725

Oregon

7

1,779,800.00

0.50%

3.275

335

75.77

726

Pennsylvania

14

4,077,000.00

1.15%

3.326

339

74.18

736

Rhode Island

2

535,500.00

0.15%

3.235

360

72.00

732

South Carolina

13

4,045,500.00

1.14%

3.296

325

77.83

741

Tennessee

16

4,239,151.20

1.20%

3.412

337

78.58

737

Texas

23

6,889,793.49

1.95%

3.223

351

67.05

729

Utah

16

3,798,700.00

1.07%

3.401

358

76.30

729

Vermont

1

30,000.00

0.01%

4.000

300

25.00

775

Virginia

34

14,490,549.96

4.09%

3.266

346

71.99

727

Washington

40

12,724,060.00

3.60%

3.411

355

74.11

730

West Virginia

1

253,750.00

0.07%

3.250

300

70.00

745

Wisconsin

3

471,530.00

0.13%

3.191

300

70.66

711

Total

932

353,904,045.74

100.00%

3.376

338

72.20

732

 

 

 

 

 

 

 

 

Gross Margin

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

 1.000 - 1.499

284

116,713,408.79

32.98%

3.057

316

73.91

732

 1.500 - 1.999

468

161,699,315.22

45.69%

3.419

346

73.19

734

 2.000 - 2.499

180

75,491,321.73

21.33%

3.777

354

67.41

728

Total

932

353,904,045.74

100.00%

3.376

338

72.20

732

 

 

 

 

 

 

 

 

Minimum Interest Rate

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

 1.000 - 1.499

284

116,713,408.79

32.98%

3.057

316

73.91

732

 1.500 - 1.999

468

161,699,315.22

45.69%

3.419

346

73.19

734

 2.000 - 2.499

180

75,491,321.73

21.33%

3.777

354

67.41

728

Total

932

353,904,045.74

100.00%

3.376

338

72.20

732

 

 

 

 

 

 

 

 

Maximum Interest Rate

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

12.000 -12.499

900

340,676,525.80

96.26%

3.376

337

72.24

731

12.500 -12.999

31

12,866,719.94

3.64%

3.392

357

70.86

747

15.000 -15.499

1

360,800.00

0.10%

3.000

359

80.00

732

Total

932

353,904,045.74

100.00%

3.376

338

72.20

732

 

 

 

 

 

 

 

 

Initial Periodic Rate Cap

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

0.000

932

353,904,045.74

100.00%

3.376

338

72.20

732

Total

932

353,904,045.74

100.00%

3.376

338

72.20

732

 

 

 

 

 

 

 

 

Subsequent Periodic Rate Cap

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

0.000

932

353,904,045.74

100.00%

3.376

338

72.20

732

Total

932

353,904,045.74

100.00%

3.376

338

72.20

732

 

 

 

 

 

 

 

 

Next Rate Change Date

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

11/01/04

627

249,926,409.31

70.62%

3.274

335

72.64

733

12/01/04

8

3,927,049.98

1.11%

3.321

352

66.25

698

01/01/05

16

5,573,201.78

1.57%

3.145

355

76.53

728

02/01/05

25

7,599,943.19

2.15%

3.647

346

73.79

739

03/01/05

152

53,494,510.00

15.12%

3.641

344

71.93

726

04/01/05

104

33,382,931.48

9.43%

3.698

344

68.91

735

Total

932

353,904,045.74

100.00%

3.376

338

72.20

732







Redwood Sequoia: 2004-10

 

 

 

 

 

 

 

 

 

 

 

 

 

ALL

 

 

 

 

 

 

 

Current Principal Balance

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

        0.01 -    50,000.00

7

330,000.00

0.05%

3.527

327

41.67

755

   50,000.01 -   100,000.00

94

7,792,344.28

1.14%

3.431

347

68.49

731

  100,000.01 -   150,000.00

263

33,424,545.78

4.88%

3.526

351

73.63

729

  150,000.01 -   200,000.00

293

51,358,864.05

7.50%

3.483

348

72.67

728

  200,000.01 -   250,000.00

193

43,365,719.08

6.33%

3.429

347

74.15

732

  250,000.01 -   300,000.00

186

51,137,955.78

7.47%

3.452

347

72.38

731

  300,000.01 -   350,000.00

136

44,349,610.12

6.47%

3.465

344

74.70

731

  350,000.01 -   400,000.00

150

56,567,980.00

8.26%

3.481

335

72.35

734

  400,000.01 -   450,000.00

99

42,517,124.79

6.21%

3.509

343

71.20

732

  450,000.01 -   500,000.00

103

49,180,610.98

7.18%

3.490

340

69.59

741

  500,000.01 -   550,000.00

75

39,408,538.36

5.75%

3.470

340

73.85

734

  550,000.01 -   600,000.00

66

38,507,894.00

5.62%

3.526

333

73.03

727

  600,000.01 -   650,000.00

51

32,167,329.99

4.70%

3.522

347

71.18

732

  650,000.01 -   700,000.00

30

20,305,775.01

2.96%

3.514

329

74.94

742

  700,000.01 -   750,000.00

24

17,467,552.00

2.55%

3.422

332

71.31

735

  750,000.01 -   800,000.00

23

18,131,700.00

2.65%

3.447

341

70.68

731

  800,000.01 -   850,000.00

9

7,463,455.00

1.09%

3.456

326

69.50

706

  850,000.01 -   900,000.00

18

15,833,144.06

2.31%

3.463

330

66.95

734

  900,000.01 -   950,000.00

12

11,177,083.71

1.63%

3.480

336

64.70

726

  950,000.01 - 1,000,000.00

26

25,813,599.98

3.77%

3.498

338

64.61

730

1,000,000.01+

52

78,701,377.21

11.49%

3.436

332

71.43

729

Total

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

 

 

 

 

 

 

 

 

Current Gross Rate

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

 2.000 - 2.499

1

487,499.98

0.07%

2.000

345

78.63

693

 2.500 - 2.999

98

38,007,671.97

5.55%

2.826

352

69.95

735

 3.000 - 3.499

748

272,419,055.07

39.77%

3.201

337

73.05

732

 3.500 - 3.999

905

310,932,118.25

45.39%

3.673

340

71.70

732

 4.000 - 4.499

157

63,031,058.91

9.20%

4.089

348

67.74

726

 4.500 - 4.999

1

124,800.00

0.02%

4.500

359

45.41

812

Total

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

 

 

 

 

 

 

 

 

FICO

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

600-624

2

490,700.00

0.07%

3.336

300

73.57

624

625-649

19

6,795,686.00

0.99%

3.404

313

79.81

641

650-674

167

50,612,399.46

7.39%

3.517

343

71.92

664

675-699

310

114,645,930.93

16.74%

3.470

342

73.09

688

700-724

363

132,113,315.66

19.29%

3.485

344

71.53

712

725-749

322

116,953,480.08

17.07%

3.479

342

69.95

738

750-774

389

150,651,053.67

21.99%

3.478

338

72.17

761

775-799

275

95,675,624.91

13.97%

3.442

335

72.05

786

800-817

63

17,064,013.47

2.49%

3.501

339

68.60

807

Total

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

 

 

 

 

 

 

 

 

Combined Original LTV

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

  0.01- 49.99

128

44,576,144.28

6.51%

3.533

334

40.72

736

 50.00- 54.99

59

20,345,276.48

2.97%

3.409

346

52.20

736

 55.00- 59.99

75

32,579,003.35

4.76%

3.502

348

57.45

732

 60.00- 64.99

133

56,057,368.44

8.18%

3.524

345

62.37

739

 65.00- 69.99

159

69,691,164.84

10.17%

3.495

347

67.81

728

 70.00- 74.99

288

111,328,436.29

16.25%

3.526

344

72.03

731

 75.00- 79.99

420

136,707,788.63

19.96%

3.441

344

77.43

728

 80.00

547

180,186,360.28

26.30%

3.454

334

80.00

732

 80.01- 84.99

10

1,824,900.00

0.27%

3.597

345

83.86

720

 85.00- 89.99

23

8,271,762.79

1.21%

3.344

332

88.76

730

 90.00- 94.99

23

4,713,500.00

0.69%

3.576

343

92.18

717

 95.00- 99.99

18

4,168,149.80

0.61%

3.718

339

95.46

732

100.00

27

14,552,349.00

2.12%

3.233

300

100.00

730

Total

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

 

 

 

 

 

 

 

 

Original Term (months)

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

300

484

213,222,761.95

31.13%

3.420

299

73.86

736

360

1,426

471,779,442.23

68.87%

3.501

359

70.83

730

Total

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

 

 

 

 

 

 

 

 

Stated Remaining Term (months)

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

241-300

484

213,222,761.95

31.13%

3.420

299

73.86

736

301-360

1,426

471,779,442.23

68.87%

3.501

359

70.83

730

Total

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

 

 

 

 

 

 

 

 

Debt Ratio

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

 0.01 -20.00

193

79,233,945.92

11.57%

3.438

338

68.96

741

20.01 -25.00

188

64,887,452.75

9.47%

3.474

341

72.39

740

25.01 -30.00

242

81,022,606.67

11.83%

3.443

346

71.54

731

30.01 -35.00

342

112,703,670.71

16.45%

3.508

349

70.74

732

35.01 -40.00

489

169,319,873.08

24.72%

3.493

347

71.81

728

40.01 -45.00

276

100,505,544.19

14.67%

3.530

337

73.49

726

45.01 -50.00

95

35,327,060.15

5.16%

3.502

324

73.23

726

50.01 -55.00

32

16,401,080.00

2.39%

3.320

301

76.22

733

55.01 -60.00

25

10,816,595.71

1.58%

3.267

309

73.81

723

60.01+

15

7,755,900.00

1.13%

3.352

300

69.59

747

None

13

7,028,475.00

1.03%

3.288

300

73.32

725

Total

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

 

 

 

 

 

 

 

 

FRM/ARM

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

ARM

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

Total

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

 

 

 

 

 

 

 

 

Product

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

1 MO LIBOR

621

246,483,409.33

35.98%

3.273

335

72.88

733

6 MO LIBOR

1,289

438,518,794.85

64.02%

3.590

343

71.16

731

Total

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

 

 

 

 

 

 

 

 

Interest Only

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

Interest Only

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

Total

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

 

 

 

 

 

 

 

 

Prepayment Penalty Original Term (months)

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

Prepay Penalty:  0 months

1,234

486,037,806.86

70.95%

3.508

332

71.82

733

Prepay Penalty: 36 months

676

198,964,397.32

29.05%

3.396

359

71.67

729

Total

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

 

 

 

 

 

 

 

 

Lien

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

First Lien

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

Total

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

 

 

 

 

 

 

 

 

Documentation Type

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

Alternative Documentation

219

97,429,075.18

14.22%

3.255

301

75.91

728

Asset, No Income

364

142,948,773.03

20.87%

3.649

359

65.85

728

Full Documentation

1,124

357,021,622.60

52.12%

3.463

353

73.28

731

Limited Documentation

77

41,321,878.58

6.03%

3.763

306

69.70

752

Lite Documentation

118

42,772,179.79

6.24%

3.251

300

72.27

738

No Ratio

8

3,508,675.00

0.51%

3.185

300

62.89

749

Total

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

 

 

 

 

 

 

 

 

Loan Purpose

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

Cash Out Refinance

589

201,302,183.99

29.39%

3.454

343

67.63

730

Purchase

715

294,511,992.02

42.99%

3.489

333

76.30

737

Rate/Term Refinance

606

189,188,028.17

27.62%

3.478

349

69.15

725

Total

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

 

 

 

 

 

 

 

 

Property Type

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

Condominium

200

68,350,554.34

9.98%

3.458

330

75.54

736

Cooperative

9

3,539,750.00

0.52%

3.596

314

64.23

732

Planned Unit Development

516

191,384,688.02

27.94%

3.477

344

71.99

732

Single Family

1,150

408,995,123.85

59.71%

3.477

341

71.21

731

Townhouse

2

669,555.16

0.10%

4.000

323

72.13

742

Two-Four Family

33

12,062,532.81

1.76%

3.467

334

68.17

742

Total

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

 

 

 

 

 

 

 

 

Occupancy Status

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

Investor

51

13,766,502.99

2.01%

3.360

314

66.67

741

Primary

1,702

608,306,963.52

88.80%

3.486

342

71.70

732

Second Home

157

62,928,737.67

9.19%

3.402

324

73.59

730

Total

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

 

 

 

 

 

 

 

 

State

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

Alabama

1

61,250.00

0.01%

2.875

299

70.00

753

Alaska

1

205,000.00

0.03%

3.500

298

100.00

781

Arizona

99

29,564,015.83

4.32%

3.541

347

72.34

727

Arkansas

2

263,982.42

0.04%

3.243

327

82.10

774

California

394

185,899,010.01

27.14%

3.592

343

68.82

735

Colorado

80

23,824,750.95

3.48%

3.497

350

71.39

737

Connecticut

10

6,336,100.00

0.92%

2.954

353

58.05

743

Delaware

3

790,600.00

0.12%

3.059

325

59.23

756

District of Columbia

7

4,018,515.16

0.59%

3.346

319

73.18

700

Florida

156

56,917,580.52

8.31%

3.464

335

73.54

733

Georgia

95

27,884,096.86

4.07%

3.499

342

74.60

729

Hawaii

9

7,178,950.00

1.05%

3.263

300

84.61

724

Idaho

1

122,200.00

0.02%

3.625

359

78.84

723

Illinois

65

20,256,221.00

2.96%

3.497

339

73.67

736

Indiana

2

500,000.00

0.07%

3.500

300

80.00

725

Kansas

7

1,374,250.00

0.20%

3.459

324

75.77

704

Kentucky

9

2,031,910.31

0.30%

3.350

348

63.78

743

Louisiana

1

150,000.00

0.02%

3.375

357

75.00

743

Maine

11

3,210,900.00

0.47%

3.484

320

72.52

701

Maryland

44

20,470,969.00

2.99%

3.485

337

73.48

731

Massachusetts

34

15,987,500.00

2.33%

3.336

318

70.11

745

Michigan

45

13,962,498.24

2.04%

3.375

344

75.51

717

Minnesota

46

16,199,006.98

2.36%

3.396

346

76.41

744

Mississippi

2

326,900.00

0.05%

3.613

332

82.73

795

Missouri

5

1,457,943.00

0.21%

3.362

305

79.92

730

Nebraska

2

530,000.00

0.08%

2.929

333

59.54

669

Nevada

45

15,873,176.00

2.32%

3.612

330

72.77

729

New Hampshire

3

665,000.00

0.10%

3.732

358

72.60

715

New Jersey

55

25,287,225.39

3.69%

3.484

324

67.50

735

New Mexico

5

1,172,720.00

0.17%

3.674

350

81.02

724

New York

56

32,691,546.31

4.77%

3.446

325

70.91

722

North Carolina

72

23,593,450.00

3.44%

3.295

345

72.49

725

Ohio

208

38,134,667.98

5.57%

3.397

357

76.12

726

Oklahoma

1

147,996.00

0.02%

3.625

300

80.00

713

Oregon

13

3,454,200.00

0.50%

3.481

335

72.91

748

Pennsylvania

28

8,199,400.00

1.20%

3.516

344

74.19

743

Rhode Island

4

1,091,420.00

0.16%

3.448

348

74.48

749

South Carolina

30

9,727,410.51

1.42%

3.381

333

72.24

730

Tennessee

29

7,525,351.20

1.10%

3.447

340

77.16

732

Texas

52

17,076,895.77

2.49%

3.351

352

69.73

733

Utah

28

6,011,294.14

0.88%

3.409

357

75.88

723

Vermont

2

202,000.00

0.03%

3.574

300

71.83

745

Virginia

82

34,566,602.32

5.05%

3.391

341

72.36

729

Washington

61

18,352,418.28

2.68%

3.408

351

72.58

731

West Virginia

1

253,750.00

0.04%

3.250

300

70.00

745

Wisconsin

4

1,451,530.00

0.21%

3.315

300

74.08

691

Total

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

 

 

 

 

 

 

 

 

Gross Margin

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

 1.000 - 1.499

381

153,400,903.19

22.39%

3.069

325

73.11

732

 1.500 - 1.999

1,108

372,952,769.01

54.45%

3.507

341

72.46

733

 2.000 - 2.499

418

157,010,531.98

22.92%

3.796

352

68.87

728

 2.500 - 2.999

2

1,314,000.00

0.19%

3.768

356

65.85

774

 3.500 - 3.999

1

324,000.00

0.05%

3.500

356

80.00

695

Total

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

 

 

 

 

 

 

 

 

Minimum Interest Rate

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

 1.000 - 1.499

381

153,400,903.19

22.39%

3.069

325

73.11

732

 1.500 - 1.999

1,108

372,952,769.01

54.45%

3.507

341

72.46

733

 2.000 - 2.499

418

157,010,531.98

22.92%

3.796

352

68.87

728

 2.500 - 2.999

2

1,314,000.00

0.19%

3.768

356

65.85

774

 3.500 - 3.999

1

324,000.00

0.05%

3.500

356

80.00

695

Total

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

 

 

 

 

 

 

 

 

Maximum Interest Rate

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

12.000 -12.499

1,826

648,986,533.05

94.74%

3.487

339

71.95

731

12.500 -12.999

83

35,654,871.13

5.21%

3.276

357

68.45

744

15.000 -15.499

1

360,800.00

0.05%

3.000

359

80.00

732

Total

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

 

 

 

 

 

 

 

 

Initial Periodic Rate Cap

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

0.000

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

Total

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

 

 

 

 

 

 

 

 

Subsequent Periodic Rate Cap

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

0.000

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

Total

1,910

685,002,204.18

100.00%

3.476

340

71.77

732

 

 

 

 

 

 

 

 

Next Rate Change Date

# of Loans

Current Principal Balance

Pct by Curr Prin Bal

 Weighted Average Gross Coupon

 Weighted Average Stated Remaining Term

Weighted Average Combined Orig LTV

 Weighted Average FICO

11/01/04

637

254,860,455.38

37.21%

3.274

335

72.49

733

12/01/04

31

12,367,043.41

1.81%

3.321

354

72.16

711

01/01/05

57

23,442,250.62

3.42%

3.201

354

70.07

737

02/01/05

97

34,510,479.15

5.04%

3.504

351

72.18

732

03/01/05

567

195,956,993.00

28.61%

3.647

342

71.56

731

04/01/05

521

163,864,982.62

23.92%

3.630

340

71.04

731

Total

1,910

685,002,204.18

100.00%

3.476

340

71.77

732