-----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, LOEgIO0XrKb+QUfQgrdjb9GZLORed+HC6N0p2Xl64uH8eslGPd4olF4ZKM5Hy8gf c2XJ7r3b1+Zvum2v2bmkSQ== 0000905148-04-005159.txt : 20041208 0000905148-04-005159.hdr.sgml : 20041208 20041208160035 ACCESSION NUMBER: 0000905148-04-005159 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041208 ITEM INFORMATION: Other Events FILED AS OF DATE: 20041208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CWABS Revolving Home Equity Loan Trust Series, 2004-Q CENTRAL INDEX KEY: 0001309386 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-118926-04 FILM NUMBER: 041190997 BUSINESS ADDRESS: STREET 1: 4500 PARK GRANADA CITY: CALABASAS STATE: CA ZIP: 91302 BUSINESS PHONE: (818) 225-4898 MAIL ADDRESS: STREET 1: 4500 PARK GRANADA CITY: CALABASAS STATE: CA ZIP: 91302 8-K 1 efc4-2166_5631539form8k.txt - ------------------------------------------------------------------------------- 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) December 8, 2004 CWABS, INC. ---------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 333-118926 95-4596514 ---------------------------- ------------ ------------------ (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification No.) 4500 Park Granada Calabasas, California 91302 ---------------------------- ------------ (Address of Principal (Zip Code) Executive Offices) Registrant's telephone number, including area code (818) 225-3237 ----- -------- - ------------------------------------------------------------------------------- Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any following provisions (see General Instruction A.2. below): --- [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Section 8. - ---------- Item 8.01. Other Events. - ---- ------------ Description of the Mortgage Pool* - -------------------------------- CWABS, Inc. (the "Company") entered into a Sale and Servicing Agreement dated as of November 23, 2004 (the "Sale and Servicing Agreement"), by and among the Company, as depositor, Countrywide Home Loans, Inc., as seller, and JPMorgan Chase Bank, as indenture trustee, providing for the issuance of the Company's Revolving Home Equity Loan Asset Backed Notes, Series 2004-Q. - ---------------------------- * Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Prospectus dated October 25, 2004 and the Prospectus Supplement dated November 19, 2004 of CWABS, Inc., relating to its CWABS Home Equity Loan Trust 2004-Q, Revolving Home Equity Loan Asset-Backed Notes, Series 2004-Q. 2 The sum of the columns below may not equal the total indicated due to rounding. The following tables describe the statistical calculation mortgage loans and the related mortgage properties as of the close of business on the Statistical Calculation Date. Loan Group 1 Principal Balances for the Group 1 Mortgage Loans
Percent of Weighted Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Average Principal of Principal Current Gross Remaining Credit Combined Range of Principal Balance Mortgage Balance Principal Mortgage Term Bureau Risk Loan-to- Balances($) Outstanding Loans Outstanding Balance Rate (months) Score Value Ratio - ---------------------------- ------------- --------- ------------- ----------- --------- ------------ ------------ ------------- 0.01 - 10,000.00.... $ 929,846 178 0.26% $ 5,224 5.383% 287.25 725 71.6% 10,000.01 - 20,000.00.... 2,942,594 183 0.83 16,080 5.391 290.96 708 74.0 20,000.01 - 30,000.00.... 23,976,051 851 6.73 28,174 5.108 297.71 702 88.9 30,000.01 - 40,000.00.... 56,819,305 1,587 15.95 35,803 5.317 298.52 708 90.5 40,000.01 - 50,000.00.... 75,498,980 1,655 21.19 45,619 5.389 298.68 709 88.6 50,000.01 - 60,000.00.... 57,529,686 1,041 16.14 55,264 5.473 298.61 707 90.4 60,000.01 - 70,000.00.... 38,752,046 598 10.88 64,803 5.429 298.93 706 89.0 70,000.01 - 80,000.00.... 24,119,779 319 6.77 75,611 5.436 298.51 704 84.4 80,000.01 - 90,000.00.... 19,108,645 224 5.36 85,306 5.468 298.07 699 85.3 90,000.01 - 100,000.00... 29,696,453 305 8.33 97,365 5.569 298.81 706 82.3 100,000.01 - 125,000.00... 11,458,633 102 3.22 112,340 5.464 298.41 704 82.9 125,000.01 - 150,000.00... 14,536,692 103 4.08 141,133 5.457 299.05 712 81.1 150,000.01 - 175,000.00... 963,684 6 0.27 160,614 6.520 298.64 733 94.1 ------------- -------- ----------- Total $ 356,332,392 7,152 100.00% ============= ======== ===========
As of the Statistical Calculation Date, the average principal balance of the statistical calculation mortgage loans in loan group 1 was approximately $49,823. Loan Programs for the Group 1 Mortgage Loans
Percent of Weighted Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Average Principal of Principal Current Gross Remaining Credit Combined Description of Loan Balance Mortgage Balance Principal Mortgage Term Bureau Risk Loan-to- Programs Outstanding Loans Outstanding Balance Rate (months) Score Value Ratio - ----------------------------- ------------- --------- ------------- ----------- ---------- ----------- ------------- ------------ 10 Year Draw, 20 Year Repay.. $ 689,756 10 0.19% $ 68,976 5.830% 348.71 739 68.0% 10 Year Draw, 0 Year Repay... 58,500 1 0.02 58,500 7.125 107.00 790 50.1 3 Year Draw, 10 Year Repay... 120,104 10 0.03 12,010 8.959 76.55 684 68.4 5 Year Draw, 5 Year Repay.... 34,000 1 0.01 34,000 7.750 103.00 651 90.0 10 Year Draw, 15 Year Repay.. 355,171,883 7,125 99.67 49,849 5.404 298.56 707 87.7 15 Year Draw, 0 Year Repay... 129,400 2 0.04 64,700 6.666 177.00 747 95.2 15 Year Draw, 10 Year Repay.. 128,750 3 0.04 42,917 4.794 298.39 728 88.3 ------------- --------- ------------- Total $ 356,332,392 7,152 100.00% ============= ========= =============
3 Loan Rates for the Group 1 Mortgage Loans
Percent of Weighted Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Average Principal of Principal Current Gross Remaining Credit Combined Balance Mortgage Balance Principal Mortgage Term Bureau Risk Loan-to-Value Range of Loan Rates (%) Outstanding Loans Outstanding Balance Rate (months) Score Ratio - ----------------------------- ------------- ---------- ------------ ------------ ---------- ----------- ----------- -------------- Less than or equal to 3.000. $ 1,786,636 35 0.50% $ 51,047 3.000% 299.06 712 92.7% 3.001 - 3.500.............. 24,615,991 541 6.91 45,501 3.410 298.70 706 95.6 3.501 - 4.000.............. 119,241,279 2,382 33.46 50,059 3.970 299.18 697 84.9 4.001 - 4.500.............. 22,012,023 456 6.18 48,272 4.480 298.97 714 90.2 4.501 - 5.000.............. 39,517,406 870 11.09 45,422 4.774 298.43 720 87.7 5.001 - 5.500.............. 17,428,855 310 4.89 56,222 5.305 298.18 717 72.0 5.501 - 6.000.............. 14,930,232 257 4.19 58,094 5.767 298.33 704 79.0 6.001 - 6.500.............. 13,549,214 247 3.80 54,855 6.341 298.28 705 79.2 6.501 - 7.000.............. 18,733,341 365 5.26 51,324 6.829 297.51 717 87.9 7.001 - 7.500.............. 30,191,857 597 8.47 50,573 7.297 297.58 715 91.7 7.501 - 8.000.............. 13,039,869 261 3.66 49,961 7.862 297.07 708 95.3 8.001 - 8.500.............. 23,595,803 481 6.62 49,056 8.277 298.19 720 97.8 8.501 - 9.000.............. 7,641,294 149 2.14 51,284 8.824 297.24 712 95.0 9.001 - 9.500.............. 5,128,002 103 1.44 49,786 9.265 297.45 686 96.8 9.501 - 10.000............. 1,687,302 28 0.47 60,261 9.805 297.70 695 95.8 10.001 - 10.500............. 459,394 8 0.13 57,424 10.184 298.29 707 96.3 10.501 - 11.000............. 2,282,275 51 0.64 44,750 10.761 298.84 624 81.1 11.001 - 11.500............. 444,669 10 0.12 44,467 11.177 297.66 607 82.7 11.501 - 12.000............. 46,950 1 0.01 46,950 11.750 299.00 649 61.4 ------------- ---------- ------------ Total $ 356,332,392 7,152 100.00% ============= ========== ============
As of the Statistical Calculation Date, the weighted average loan rate of the statistical calculation mortgage loans in loan group 1 was approximately 5.407%. Months Remaining to Scheduled Maturity for the Group 1 Mortgage Loans
Percent of Weighted Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Average Principal of Principal Current Gross Remaining Credit Combined Range of Months Remaining Balance Mortgage Balance Principal Mortgage Term Bureau Risk Loan-to- to Scheduled Maturity Outstanding Loans Outstanding Balance Rate (months) Score Value Ratio - ------------------------------ -------------- --------- ----------- ----------- ---------- ---------- ------------ ------------- 61 - 72................... $ 13,753 1 (1) $ 13,753 9.00% 69.00 627 90.7% 73 - 84................... 106,351 9 0.03% 11,817 8.954 77.52 691 65.5 97 - 108................... 92,500 2 0.03 46,250 7.355 105.53 739 64.8 169 - 180................... 129,400 2 0.04 64,700 6.666 177.00 747 95.2 205 - 216................... 49,321 1 0.01 49,321 7.750 216.00 652 90.0 217 - 228................... 373,334 17 0.10 21,961 6.196 220.41 713 77.3 265 - 276................... 406,198 10 0.11 40,620 5.998 272.96 716 86.2 277 - 288................... 2,436,109 112 0.68 21,751 6.085 285.03 719 76.8 289 - 300................... 352,035,670 6,988 98.79 50,377 5.398 298.78 707 87.8 337 - 348................... 389,177 7 0.11 55,597 6.053 347.72 737 62.4 349 - 360................... 300,579 3 0.08 100,193 5.543 350.00 741 75.2 -------------- --------- ----------- Total $ 356,332,392 7,152 100.00% ============== ========= ===========
--------- (1) Less than 0.01% As of the Statistical Calculation Date, the weighted average remaining months to scheduled maturity of the statistical calculation mortgage loans in loan group 1 was approximately 298. 4 The above table assumes that the draw period for the statistical calculation mortgage loans with (a) five year draw periods and fifteen year repayment periods will be extended for an additional five years and (b) five year draw periods and ten year repayment periods will not be extended. 5 Combined Loan-to-Value Ratios for the Group 1 Mortgage Loans
Percent of Weighted Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Average Principal of Principal Current Gross Remaining Credit Combined Range of Combined Balance Mortgage Balance Principal Mortgage Term Bureau Risk Loan-to- Loan-to-Value Ratio (%) Outstanding Loans Outstanding Balance Rate (months) Score Value Ratio - ---------------------------- ------------- --------- ------------- ----------- ----------- ---------- ------------ ------------ 10.01 - 20.00................ $ 271,215 5 0.08% $ 54,243 4.324% 299.22 719 15.1% 20.01 - 30.00................ 839,175 16 0.24 52,448 5.491 298.88 692 25.6 30.01 - 40.00................ 2,426,611 50 0.68 48,532 4.855 298.72 720 35.5 40.01 - 50.00................ 5,246,042 123 1.47 42,651 4.854 298.41 719 45.2 50.01 - 60.00................ 11,124,183 231 3.12 48,157 5.029 297.43 711 55.4 60.01 - 70.00................ 32,204,370 612 9.04 52,622 4.913 298.21 704 66.8 70.01 - 80.00................ 51,817,964 928 14.54 55,838 4.968 298.45 699 77.8 80.01 - 90.00................ 78,949,517 1,594 22.16 49,529 5.534 298.40 697 88.5 90.01 - 100.00............... 173,453,316 3,593 48.68 48,275 5.623 298.65 713 98.5 -------------- --------- ------------- Total $ 356,332,392 7,152 100.00% ============== ========= =============
As of the Statistical Calculation Date, the weighted average combined loan-to-value ratio of the statistical calculation mortgage loans in loan group 1 was 87.63%. 6 The geographic location used for the following table is determined by the address of the mortgaged property securing the related mortgage loan. Geographic Distribution for the Group 1 Mortgage Loans
Percent of Weighted Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Average Principal of Principal Current Gross Remaining Credit Combined Balance Mortgage Balance Principal Mortgage Term Bureau Risk Loan-to- State Outstanding Loans Outstanding Balance Rate (months) Score Value Ratio ----- --------------- ---------- ------------ ------------ ----------- ----------- ----------- ------------- Alabama................... $ 3,302,661 77 0.93% $ 42,892 4.931% 298.36 707 95.0% Alaska.................... 1,268,367 26 0.36 48,783 5.019 298.47 711 84.4 Arizona................... 15,868,549 351 4.45 45,210 5.379 298.52 713 92.3 California................ 82,559,047 1,680 23.17 49,142 5.694 298.48 703 82.7 Colorado.................. 14,406,928 299 4.04 48,184 5.330 298.34 717 93.8 Connecticut............... 3,872,440 70 1.09 55,321 5.307 298.69 701 86.4 Delaware.................. 840,928 20 0.24 42,046 4.966 299.09 705 85.3 District of Columbia...... 592,421 13 0.17 45,571 4.767 297.76 699 90.1 Florida................... 25,769,103 513 7.23 50,232 5.494 298.50 707 88.4 Georgia................... 8,029,086 179 2.25 44,855 5.123 298.67 708 94.1 Hawaii.................... 5,948,079 92 1.67 64,653 5.364 298.56 708 83.5 Idaho..................... 2,523,086 57 0.71 44,265 5.283 297.46 717 90.3 Illinois.................. 14,578,972 283 4.09 51,516 5.472 298.08 712 89.9 Indiana................... 2,816,114 64 0.79 44,002 5.077 299.05 710 94.5 Iowa...................... 1,294,495 29 0.36 44,638 5.625 298.53 713 92.7 Kansas.................... 1,978,228 45 0.56 43,961 4.850 298.92 696 95.6 Kentucky.................. 2,254,455 50 0.63 45,089 5.764 298.68 710 95.4 Louisiana................. 2,453,538 52 0.69 47,183 5.217 294.18 713 90.4 Maine..................... 1,123,504 22 0.32 51,068 4.662 298.34 703 84.2 Maryland.................. 7,430,853 142 2.09 52,330 5.419 298.19 696 85.6 Massachusetts............. 9,014,557 155 2.53 58,158 5.716 297.81 701 83.7 Michigan.................. 7,978,564 172 2.24 46,387 4.958 301.12 710 90.6 Minnesota................. 7,875,499 156 2.21 50,484 5.164 298.28 717 90.1 Mississippi............... 832,749 20 0.23 41,637 5.592 297.66 715 95.4 Missouri.................. 4,141,168 91 1.16 45,507 4.739 298.84 706 93.6 Montana................... 2,290,708 43 0.64 53,272 5.131 298.98 713 85.0 Nebraska.................. 400,921 9 0.11 44,547 4.647 299.23 698 98.3 Nevada.................... 17,518,698 318 4.92 55,090 5.650 298.57 705 86.9 New Hampshire............. 2,420,228 50 0.68 48,405 5.499 298.90 706 90.1 New Jersey................ 17,650,857 317 4.95 55,681 5.394 298.54 705 84.1 New Mexico................ 1,993,679 43 0.56 46,365 5.246 298.44 712 90.2 New York.................. 16,167,868 295 4.54 54,806 5.336 298.60 702 80.1 North Carolina............ 5,042,734 114 1.42 44,235 5.123 298.45 700 92.9 North Dakota.............. 153,702 4 0.04 38,426 3.853 298.06 683 88.1 Ohio...................... 6,866,614 138 1.93 49,758 5.255 298.44 704 92.3 Oklahoma.................. 1,868,019 38 0.52 49,158 5.190 298.57 708 94.0 Oregon.................... 6,262,487 128 1.76 48,926 5.243 298.75 716 90.6 Pennsylvania.............. 9,992,247 201 2.80 49,713 5.107 298.31 703 89.6 Rhode Island.............. 1,950,409 33 0.55 59,103 6.727 298.47 705 88.4 South Carolina............ 1,936,645 47 0.54 41,205 4.859 298.57 715 93.9 South Dakota.............. 263,500 4 0.07 65,875 5.926 299.38 743 90.9 Tennessee................. 3,302,301 78 0.93 42,337 5.183 297.99 709 94.1 Texas..................... 1,382,139 29 0.39 47,660 5.080 298.79 727 87.8 Utah...................... 4,016,096 82 1.13 48,977 5.306 298.75 712 93.3 Vermont................... 209,037 5 0.06 41,807 5.458 298.64 718 84.2 Virginia.................. 9,527,499 185 2.67 51,500 5.089 298.51 709 87.8 Washington................ 11,538,197 239 3.24 48,277 5.344 298.81 712 92.2 West Virginia............. 428,971 11 0.12 38,997 5.458 282.69 705 95.0 Wisconsin................. 3,842,423 73 1.08 52,636 4.666 298.48 706 92.9 Wyoming................... 553,025 10 0.16 55,303 5.492 299.10 683 84.2 -------------- --------- ------------- Total $ 356,332,392 7,152 100.00% ============== ========= =============
7 Credit Scores for the Mortgage Loans for the Group 1 Mortgage Loans
Percent of Weighted Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Average Principal of Principal Current Gross Remaining Credit Combined Balance Mortgage Balance Principal Mortgage Term Bureau Risk Loan-to- Range of Credit Scores Outstanding Loans Outstanding Balance Rate (months) Score Value Ratio - ----------------------------- -------------- -------- ------------- ----------- ---------- ----------- ------------ ----------- 821 - 840................... $ 1,122,362 24 0.31% $ 46,765 5.517% 298.43 825 75.6% 801 - 820................... 4,871,759 104 1.37 46,844 5.133 298.61 808 78.2 781 - 800................... 14,071,013 285 3.95 49,372 5.156 297.18 789 83.1 761 - 780................... 27,017,399 563 7.58 47,988 5.459 297.92 770 89.1 741 - 760................... 36,796,832 766 10.33 48,038 5.598 299.06 750 89.6 721 - 740................... 48,042,116 956 13.48 50,253 5.696 298.81 731 89.4 701 - 720................... 59,273,700 1,190 16.63 49,810 5.607 298.57 710 89.3 681 - 700................... 54,938,767 1,081 15.42 50,822 5.242 298.50 690 88.3 661 - 680................... 59,024,889 1,167 16.56 50,578 5.162 298.63 671 87.8 641 - 660................... 30,101,930 591 8.45 50,934 5.219 298.02 652 84.2 621 - 640................... 16,907,444 331 4.74 51,080 4.971 298.41 632 82.5 601 - 620................... 2,857,932 65 0.80 43,968 6.082 298.76 614 79.6 581 - 600................... 818,217 17 0.23 48,130 9.809 298.92 590 75.4 561 - 580................... 174,221 4 0.05 43,555 11.042 298.86 576 80.2 560 or less................. 313,811 8 0.09 39,226 7.601 289.93 549 83.7 -------------- -------- ------------- Total $ 356,332,392 7,152 100.00% ============== ======== =============
As of the Statistical Calculation Date, the weighted average credit score of the statistical calculation mortgage loans in loan group 1 was approximately 707. Property Type for the Group 1 Mortgage Loans
Percent of Weighted Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Average Principal of Principal Current Gross Remaining Credit Combined Balance Mortgage Balance Principal Mortgage Term Bureau Risk Loan-to- Property Type Outstanding Loans Outstanding Balance Rate (months) Score Value Ratio - --------------------------------- ------------- -------- ------------ ---------- ---------- ----------- ------------ ------------- Single Family.................. $ 249,416,017 5,039 70.00% $ 49,497 5.281% 298.41 704 86.6% Planned Unit Development (PUD). 59,345,760 1,207 16.65 49,168 5.451 298.79 713 91.0 Low Rise Condominium........... 32,546,726 656 9.13 49,614 5.865 298.28 715 89.4 2-4 Units...................... 12,785,195 204 3.59 62,673 6.421 298.98 706 87.2 High Rise Condominium.......... 2,238,694 46 0.63 48,667 5.900 298.65 718 85.2 ------------- -------- ------------ Total $ 356,332,392 7,152 100.00% ============= ======== ============
8 Gross Margins for the Group 1 Mortgage Loans
Percent of Weighted Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Average Principal of Principal Current Gross Remaining Credit Combined Balance Mortgage Balance Principal Mortgage Term Bureau Loan-to- Range of Gross Margins (%) Outstanding Loans Outstanding Balance Rate (months) Risk Score Value Ratio - -------------------------------- ------------- -------- ------------ ------------ ---------- ----------- ------------ ------------ Less than or equal to 0.000.... $ 25,742,892 496 7.22% $ 51,901 4.232% 298.05 740 70.6% 0.001 - 0.250.................. 9,250,267 180 2.60 51,390 4.331 299.28 692 66.4 0.251 - 0.500.................. 34,448,323 633 9.67 54,421 4.397 298.68 714 76.2 0.501 - 0.750.................. 6,856,515 123 1.92 55,744 5.116 298.96 701 75.2 0.751 - 1.000.................. 15,461,406 248 4.34 62,344 5.247 299.02 711 80.6 1.001 - 1.250.................. 14,280,496 281 4.01 50,820 4.526 298.35 661 74.2 1.251 - 1.500.................. 10,744,440 222 3.02 48,398 4.679 298.82 713 87.5 1.501 - 1.750.................. 11,628,315 225 3.26 51,681 5.654 297.67 707 80.4 1.751 - 2.000.................. 22,591,572 500 6.34 45,183 4.917 298.25 725 89.2 2.001 - 2.250.................. 20,570,874 396 5.77 51,947 5.373 298.76 698 87.9 2.251 - 2.500.................. 56,096,606 1,190 15.74 47,140 5.279 298.39 730 95.9 2.501 - 2.750.................. 15,989,685 310 4.49 51,580 6.670 298.76 702 91.1 2.751 - 3.000.................. 19,967,683 423 5.60 47,205 5.251 297.97 679 92.8 3.001 - 3.250.................. 6,101,797 124 1.71 49,208 5.558 298.49 688 94.2 3.251 - 3.500.................. 50,268,864 1,052 14.11 47,784 6.024 298.75 699 98.5 3.501 - 3.750.................. 6,909,618 143 1.94 48,319 6.693 298.55 704 95.4 3.751 - 4.000.................. 6,646,757 130 1.87 51,129 7.404 297.88 709 96.7 4.001 - 4.250.................. 5,500,795 116 1.54 47,421 6.430 297.94 684 94.6 4.251 - 4.500.................. 6,933,295 141 1.95 49,172 7.661 297.89 680 97.0 4.501 - 4.750.................. 2,550,870 60 0.72 42,514 5.646 299.01 677 97.2 4.751 - 5.000.................. 1,321,347 28 0.37 47,191 6.101 297.27 679 97.7 5.001 - 5.250.................. 1,532,261 24 0.43 63,844 8.875 299.28 678 95.2 5.251 - 5.500.................. 833,633 16 0.23 52,102 7.671 298.85 687 97.5 5.501 - 5.750.................. 242,766 5 0.07 48,553 6.251 298.92 692 82.8 5.751 - 6.000.................. 37,000 1 0.01 37,000 10.625 299.00 696 100.0 6.001 - 6.250.................. 2,571,963 57 0.72 45,122 8.733 298.87 631 81.4 6.251 - 6.500.................. 1,099,704 24 0.31 45,821 10.122 298.41 587 80.8 6.501 - 6.750.................. 105,700 3 0.03 35,233 9.325 299.00 640 85.2 7.001 - 7.250.................. 46,950 1 0.01 46,950 11.750 299.00 649 61.4 ------------- -------- ----------- Total $ 356,332,392 7,152 100.00% ============= ======== ===========
As of the Statistical Calculation Date, the weighted average gross margin of the statistical calculation mortgage loans in loan group 1 was approximately 2.181%. 9 The credit limit utilization rates in the following table are determined by dividing the principal balance as of the Statistical Calculation Date for the particular grouping by the aggregate of the credit limits of the related credit line agreements. Credit Limit Utilization Rates for the Group 1 Mortgage Loans
Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Range of Credit Balance Mortgage Balance Principal Mortgage Term Bureau Risk Limit Utilization Rates (%) Outstanding Loans Outstanding Balance Rate (months) Score - --------------------------------- --------------- --------- ------------- ------------ ---------- ------------ ------------ 0.01 - 10.00................ $ 242,646 69 0.07% $ 3,517 5.390% 292.18 742 10.01 - 20.00................ 516,589 63 0.14 8,200 5.359 291.22 734 20.01 - 30.00................ 1,010,007 64 0.28 15,781 5.732 296.60 719 30.01 - 40.00................ 2,073,475 83 0.58 24,982 5.044 297.10 718 40.01 - 50.00................ 4,199,487 115 1.18 36,517 5.198 296.91 705 50.01 - 60.00................ 6,571,962 169 1.84 38,887 4.990 296.22 715 60.01 - 70.00................ 8,280,907 185 2.32 44,762 5.017 295.91 710 70.01 - 80.00................ 11,107,204 225 3.12 49,365 4.985 298.33 708 80.01 - 90.00................ 13,733,176 264 3.85 52,020 4.993 298.66 698 90.01 - 100.00................ 308,596,939 5,915 86.60 52,172 5.465 298.66 707 --------------- --------- ------------- Total $ 356,332,392 7,152 100.00% Weighted Average Combined Range of Credit Loan-to- Limit Utilization Rates (%) Value Ratio - --------------------------------- ------------ 0.01 - 10.00................ 75.4% 10.01 - 20.00................. 71.5 20.01 - 30.00................ 75.3 30.01 - 40.00................ 71.4 40.01 - 50.00................ 72.8 50.01 - 60.00................ 76.7 60.01 - 70.00................ 77.6 70.01 - 80.00................ 80.3 80.01 - 90.00................ 82.3 90.01 - 100.00................ 89.0 Total
As of the Statistical Calculation Date, the average credit limit utilization rate of the statistical calculation mortgage loans in loan group 1 was approximately 92.48%. Maximum Loan Rates for the Group 1 Mortgage Loans
Percent of Weighted Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Average Principal of Principal Current Gross Remaining Credit Combined Balance Mortgage Balance Principal Mortgage Term Bureau Risk Loan-to- Maximum Loan Rates (%) Outstanding Loans Outstanding Balance Rate (months) Score Value Ratio - ---------------------------- -------------- ---------- ------------- ---------- ---------- ---------- ------------ ------------- 11.949................... $ 2,604,966 29 0.73% $ 89,826 5.056% 298.88 691 100.0% 12.500................... 27,348 1 0.01 27,348 4.750 219.00 784 100.0 16.000................... 7,415,418 151 2.08 49,109 5.608 298.89 703 88.7 17.000................... 26,918,756 538 7.55 50,035 5.469 298.52 708 88.5 18.000................... 316,042,709 6,359 88.69 49,700 5.364 298.47 708 87.5 21.000................... 3,323,196 74 0.93 44,908 8.832 298.68 612 79.3 -------------- ---------- ------------- Total $ 356,332,392 7,152 100.00% ============== ========== =============
As of the Statistical Calculation Date, the weighted average maximum loan rate of the statistical calculation mortgage loans in loan group 1 was approximately 17.866%. 10 Credit Limits for the Group 1 Mortgage Loans
Percent of Weighted Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Average Principal of Principal Current Gross Remaining Credit Combined Balance Mortgage Balance Principal Mortgage Term Bureau Risk Loan-to- Range of Credit Limits ($) Outstanding Loans Outstanding Balance Rate (months) Score Value Ratio - ------------------------------ -------------- ---------- ------------- ----------- ----------- ----------- ----------- ----------- 0.01 - 10,000.00....... $ 70,206 13 0.02% $ 5,400 6.492% 271.94 713 77.2% 10,000.01 - 20,000.01....... 1,427,957 113 0.40 12,637 5.733 287.32 701 74.9 20,000.01 - 30,000.00....... 20,387,993 757 5.72 26,933 5.113 298.06 701 90.6 30,000.01 - 40,000.00....... 51,037,962 1,485 14.32 34,369 5.367 298.27 709 91.9 40,000.01 - 50,000.00....... 71,361,342 1,650 20.03 43,249 5.382 298.59 710 88.9 50,000.01 - 60,000.00....... 55,192,342 1,041 15.49 53,019 5.516 298.80 706 91.4 60,000.01 - 70,000.00....... 38,277,664 633 10.74 60,470 5.441 298.93 705 89.1 70,000.01 - 80,000.00....... 26,363,719 393 7.40 67,083 5.393 298.53 703 83.9 80,000.01 - 90,000.00....... 20,931,428 275 5.87 76,114 5.412 298.23 699 85.0 90,000.01 - 100,000.00...... 38,285,996 486 10.74 78,778 5.405 298.41 708 80.7 100,000.01 - 125,000.00...... 13,202,954 135 3.71 97,800 5.502 298.24 703 83.2 125,000.01 - 150,000.00...... 18,394,395 159 5.16 115,688 5.416 298.85 713 80.0 150,000.01 - 175,000.00...... 1,287,646 11 0.36 117,059 6.059 298.42 737 91.8 $200,000.01 - $225,000.00.... 110,790 1 0.03 110,790 7.125 295.00 731 87.7 -------------- --------- -------------- Total $ 356,332,392 7,152 100.00% ============== ========= ==============
As of the Statistical Calculation Date, the average credit limit of the statistical calculation mortgage loans in loan group 1 was approximately $54,814. 11 Lien Priority for the Group 1 Mortgage Loans
Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Risk Lien Priority Outstanding Loans Outstanding Balance Rate (months) Score - --------------------------------- --------------- ---------- ----------- ----------- ----------- ----------- ------------- Second Liens.................... $ 356,332,392 7,152 100.00% $ 49,823 5.407% 298.49 707 --------------- ---------- ----------- Total $ 356,332,392 7,152 100.00% =============== ========== =========== Weighted Average Combined Loan-to-Value Lien Priority Ratio - --------------------------------- ---------------- Second Liens.................... 87.6% Total
Delinquency Status for the Group 1 Mortgage Loans
Percent of Weighted Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Average Principal of Principal Current Gross Remaining Credit Combined Balance Mortgage Balance Principal Mortgage Term Bureau Risk Loan-to- Delinquency Status Outstanding Loans Outstanding Balance Rate (months) Score Value Ratio - ------------------------------- -------------- --------- ------------- ---------- ---------- ---------- ------------- ------------- Current........................ $ 356,330,537 7,151 100.00% $ 49,829 5.407% 298.49 707 87.6% 30-59 Days..................... 1,855 1 (1) 1,855 10.250 78.00 678 53.9 ------------- --------- ------------- Total $ 356,332,392 7,152 100.00% ============== ========= =============
- --------- (1) Less than 0.01% Origination Year for the Group 1 Mortgage Loans
Percent of Weighted Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Average Principal of Principal Current Gross Remaining Credit Combined Balance Mortgage Balance Principal Mortgage Term Bureau Risk Loan-to-Value Origination Year Outstanding Loans Outstanding Balance Rate (months) Score Ratio - -------------------------- -------------- -------- ------------- ------------ ------------ ---------- ------------ -------------- 1997..................... $ 116,507 3 0.03% $ 38,836 7.038% 199.11 666 94.7% 1998..................... 426,252 25 0.12 17,050 6.924 185.19 711 71.5 2001..................... 42,000 1 0.01 42,000 7.750 279.00 639 83.7 2002..................... 406,198 10 0.11 40,620 5.998 272.96 716 86.2 2003..................... 3,402,456 130 0.95 26,173 6.034 288.05 724 75.1 2004..................... 351,938,979 6,983 98.77 50,399 5.398 298.79 707 87.8 -------------- -------- ------------- Total $ 356,332,392 7,152 100.00% ============== ======== =============
12 Loan Group 2 Principal Balances for the Group 2 Mortgage Loans
Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Range of Principal Principal of Principal Current Gross Remaining Credit Balances ($) Balance Mortgage Balance Principal Mortgage Term Bureau Risk Outstanding Loans Outstanding Balance Rate (months) Score - ------------------------------ --------------- --------- ----------- ---------- -------- ---------- ------------ 0.01 - 10,000.00....... $ 5,155,037 831 0.82% $ 6,203 5.418% 296.38 720 10,000.01 - 20,000.00....... 24,365,301 1,534 3.88 15,884 5.266 298.20 708 20,000.01 - 30,000.00....... 32,002,911 1,316 5.09 24,318 5.298 298.45 708 30,000.01 - 40,000.00....... 15,000,258 405 2.39 37,038 5.513 298.72 710 40,000.01 - 50,000.00....... 25,490,088 555 4.05 45,928 5.778 299.07 706 50,000.01 - 60,000.00....... 30,099,062 540 4.79 55,739 5.723 299.07 715 60,000.01 - 70,000.00....... 34,387,609 523 5.47 65,751 5.886 299.01 714 70,000.01 - 80,000.00....... 45,713,721 607 7.27 75,311 6.095 298.99 715 80,000.01 - 90,000.00....... 32,850,198 384 5.23 85,547 6.043 298.97 711 90,000.01 - 100,000.00....... 52,747,537 543 8.39 97,141 5.912 298.75 711 100,000.01 - 125,000.00....... 61,155,958 541 9.73 113,042 6.042 298.91 714 125,000.01 - 150,000.00....... 63,001,583 444 10.02 141,895 6.042 298.92 711 150,000.01 - 175,000.00....... 18,651,639 113 2.97 165,059 5.526 298.69 714 175,000.01 - 200,000.00....... 30,464,071 159 4.85 191,598 5.534 298.38 718 200,000.01 - 225,000.00....... 14,056,533 66 2.24 212,978 5.750 298.72 717 225,000.01 - 250,000.00....... 17,992,740 75 2.86 239,903 5.483 298.81 720 250,000.01 - 275,000.00....... 13,722,241 52 2.18 263,889 5.650 297.35 710 275,000.01 - 300,000.00....... 14,904,008 51 2.37 292,235 5.584 298.77 714 300,000.01 - 325,000.00....... 6,271,320 20 1.00 313,566 5.933 298.51 705 325,000.01 - 350,000.00....... 12,033,126 35 1.91 343,804 5.889 298.92 711 350,000.01 - 375,000.00....... 4,421,094 12 0.70 368,425 5.794 298.75 727 375,000.01 - 400,000.00....... 9,057,005 23 1.44 393,783 5.576 297.87 722 400,000.01 - 425,000.00....... 5,383,925 13 0.86 414,148 5.754 298.38 719 425,000.01 - 450,000.00....... 6,209,459 14 0.99 443,533 5.120 298.13 743 450,000.01 - 475,000.00....... 3,674,996 8 0.58 459,374 5.418 297.73 727 475,000.01 - 500,000.00....... 7,920,329 16 1.26 495,021 5.038 298.37 729 500,000.01 - 525,000.00....... 514,592 1 0.08 514,592 4.500 299.00 828 525,000.01 - 550,000.00....... 1,603,600 3 0.26 534,533 6.913 299.00 735 550,000.01 - 575,000.00....... 1,140,000 2 0.18 570,000 7.052 297.99 685 575,000.01 - 600,000.00....... 4,154,967 7 0.66 593,567 4.781 298.13 741 600,000.01 - 625,000.00....... 1,245,000 2 0.20 622,500 6.935 299.00 721 625,000.01 - 650,000.00....... 3,194,589 5 0.51 638,918 5.897 298.60 739 650,000.01 - 675,000.00....... 1,339,695 2 0.21 669,848 6.816 299.00 704 675,000.01 - 700,000.00....... 4,133,401 6 0.66 688,900 5.354 299.17 711 700,000.01 - 725,000.00....... 1,433,873 2 0.23 716,937 5.379 299.00 739 725,000.01 - 750,000.00....... 732,550 1 0.12 732,550 4.750 299.00 687 750,000.01 - 775,000.00....... 769,868 1 0.12 769,868 4.000 298.00 716 775,000.01 - 800,000.00....... 800,000 1 0.13 800,000 6.500 298.00 722 800,000.01 - 825,000.00....... 818,000 1 0.13 818,000 5.750 299.00 763 825,000.01 - 850,000.00....... 834,000 1 0.13 834,000 4.750 297.00 764 875,000.01 - 900,000.00....... 900,000 1 0.14 900,000 3.990 298.00 784 975,000.01 - 1,000,000.00..... 2,979,533 3 0.47 993,178 5.083 298.67 673 Greater than 1,000,000.00..... 15,340,736 11 2.44 1,394,612 5.517 298.76 696 Total --------------- --------- ----------- $ 628,666,152 8,930 100.00% =============== ========= =========== Weighted Range of Principal Average Balances ($) Combined Loan- to-Value Ratio - ------------------------------ -------------- 0.01 - 10,000.00....... 81.5% 10,000.01 - 20,000.00....... 86.2 20,000.01 - 30,000.00....... 88.2 30,000.01 - 40,000.00....... 85.3 40,000.01 - 50,000.00....... 86.2 50,000.01 - 60,000.00....... 88.1 60,000.01 - 70,000.00....... 90.4 70,000.01 - 80,000.00....... 91.6 80,000.01 - 90,000.00....... 92.7 90,000.01 - 100,000.00....... 88.6 100,000.01 - 125,000.00....... 90.3 125,000.01 - 150,000.00....... 85.4 150,000.01 - 175,000.00....... 86.7 175,000.01 - 200,000.00....... 82.3 200,000.01 - 225,000.00....... 84.7 225,000.01 - 250,000.00....... 79.2 250,000.01 - 275,000.00....... 83.3 275,000.01 - 300,000.00....... 79.7 300,000.01 - 325,000.00....... 86.7 325,000.01 - 350,000.00....... 80.3 350,000.01 - 375,000.00....... 78.5 375,000.01 - 400,000.00....... 78.6 400,000.01 - 425,000.00....... 85.4 425,000.01 - 450,000.00....... 80.3 450,000.01 - 475,000.00....... 81.3 475,000.01 - 500,000.00....... 77.1 500,000.01 - 525,000.00....... 100.0 525,000.01 - 550,000.00....... 90.0 550,000.01 - 575,000.00....... 82.5 575,000.01 - 600,000.00....... 79.6 600,000.01 - 625,000.00....... 81.2 625,000.01 - 650,000.00....... 82.1 650,000.01 - 675,000.00....... 85.0 675,000.01 - 700,000.00....... 86.6 700,000.01 - 725,000.00....... 73.2 725,000.01 - 750,000.00....... 90.0 750,000.01 - 775,000.00....... 95.0 775,000.01 - 800,000.00....... 87.2 800,000.01 - 825,000.00....... 75.0 825,000.01 - 850,000.00....... 90.0 875,000.01 - 900,000.00....... 69.4 975,000.01 - 1,000,000.00..... 75.1 Greater than 1,000,000.00..... 83.7 Total
As of the Statistical Calculation Date, the average principal balance of the statistical calculation mortgage loans in loan group 2 was approximately $70,399. 13 Loan Programs for the Group 2 Mortgage Loans
Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Weighted Principal of Principal Current Gross Remaining Credit Average Balance Mortgage Balance Principal Mortgage Term Bureau Risk Combined Loan- Description of Loan Programs Outstanding Loans Outstanding Balance Rate (months) Score to-Value Ratio - ------------------------------ --------------- ---------- ----------- --------- --------- ---------- ------------ -------------- 10 Year Draw, 20 Year Repay.. $ 192,248 8 0.03% $ 24,031 6.543% 348.08 731 57.4% 5 Year Draw, 5 Year Repay.... 1,000 1 (1) 1,000 4.750 105.00 791 70.0 10 Year Draw, 15 Year Repay.. 627,889,397 8,915 99.88 70,431 5.759 298.72 713 86.5 15 Year Draw, 0 Year Repay... 99,916 1 0.02 99,916 6.125 179.00 789 94.6 15 Year Draw, 10 Year Repay.. 483,590 5 0.08 96,718 3.536 297.41 714 86.5 --------------- --------- ----------- Total $ 628,666,152 8,930 100.00% =============== ========= ===========
- --------- (1) Less than 0.01% Loan Rates for the Group 2 Mortgage Loans
Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Risk Range of Loans Rates (%) Outstanding Loans Outstanding Balance Rate (months) Score - ------------------------------- ---------------- ---------- ------------ ----------- ---------- ----------- ------------ Less than or equal to 3.000.... $ 2,440,181 28 0.39% $ 87,149 3.000% 298.33 724 3.001 - 3.500................ 33,831,850 483 5.38 70,045 3.417 298.79 717 3.501 - 4.000................ 111,025,292 1,968 17.66 56,415 3.963 299.20 704 4.001 - 4.500................ 39,108,170 645 6.22 60,633 4.482 298.56 720 4.501 - 5.000................ 93,949,630 1,410 14.94 66,631 4.773 298.67 724 5.001 - 5.500................ 46,501,998 526 7.40 88,407 5.322 297.97 717 5.501 - 6.000................ 55,315,740 462 8.80 119,731 5.768 298.61 714 6.001 - 6.500................ 33,887,445 383 5.39 88,479 6.332 298.58 705 6.501 - 7.000................ 41,642,026 667 6.62 62,432 6.809 298.47 717 7.001 - 7.500................ 73,470,472 1,060 11.69 69,312 7.284 298.76 714 7.501 - 8.000................ 21,267,812 320 3.38 66,462 7.812 298.64 703 8.001 - 8.500................ 36,358,884 522 5.78 69,653 8.285 298.44 716 8.501 - 9.000................ 23,008,200 241 3.66 95,470 8.874 299.07 718 9.001 - 9.500................ 9,660,704 117 1.54 82,570 9.253 299.14 702 9.501 - 10.000................ 4,824,851 49 0.77 98,466 9.823 299.35 689 10.001 - 10.500................ 1,022,770 12 0.16 85,231 10.282 298.94 692 10.501 - 11.000................ 1,275,128 35 0.20 36,432 10.784 298.98 626 11.001 - 11.500................ 75,000 2 0.01 37,500 11.125 299.00 579 ---------------- --------- ----------- Total $ 628,666,152 8,930 100.00% ================ ========= =========== Weighted Average Combined Loan- Range of Loans Rates (%) to-Value Ratio - ------------------------------- --------------- Less than or equal to 3.000.... 77.7% 3.001 - 3.500................ 89.1 3.501 - 4.000................ 83.0 4.001 - 4.500................ 87.7 4.501 - 5.000................ 85.4 5.001 - 5.500................ 75.3 5.501 - 6.000................ 82.0 6.001 - 6.500................ 84.4 6.501 - 7.000................ 88.2 7.001 - 7.500................ 90.4 7.501 - 8.000................ 93.2 8.001 - 8.500................ 95.4 8.501 - 9.000................ 96.4 9.001 - 9.500................ 96.9 9.501 - 10.000................ 97.4 10.001 - 10.500................ 94.5 10.501 - 11.000................ 81.8 11.001 - 11.500................ 72.4 Total
As of the Statistical Calculation Date, the weighted average loan rate of the statistical calculation mortgage loans in loan group 2 was approximately 5.758%. 14 Months Remaining to Scheduled Maturity for the Group 2 Mortgage Loans
Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Range of Months Remaining Balance Mortgage Balance Principal Mortgage Term Bureau Risk to Scheduled Maturity Outstanding Loans Outstanding Balance Rate (months) Score - -------------------------------- --------------- --------- ----------- ---------- ---------- ----------- ----------- 97 - 108....................... $ 1,000 1 (1) $ 1,000 4.750% 105.00 791 169 - 280....................... 99,916 1 0.02% 99,916 6.125 179.00 789 217 - 228....................... 544,968 4 0.09 136,242 4.731 222.53 698 265 - 276....................... 69,188 2 0.01 34,594 5.473 271.88 768 277 - 288....................... 3,840,834 185 0.61 20,761 5.773 285.44 745 289 - 300....................... 623,917,998 8,729 99.24 71,476 5.758 298.87 713 337 - 348....................... 137,616 6 0.02 22,936 6.537 347.32 734 349 - 360....................... 54,631 2 0.01 27,316 6.558 350.00 724 --------------- --------- ----------- Total $ 628,666,152 8,930 100.00% =============== ========= =========== Weighted Average Range of Months Remaining Combined Loan- to Scheduled Maturity to-Value Ratio - -------------------------------- -------------- 97 - 108....................... 70.0% 169 - 280....................... 94.6 217 - 228....................... 86.4 265 - 276....................... 74.3 277 - 288....................... 79.5 289 - 300....................... 86.5 337 - 348....................... 60.0 349 - 360....................... 50.6 Total
- --------- (1) Less than 0.01% As of the Statistical Calculation Date, the weighted average remaining months to scheduled maturity of the statistical calculation mortgage loans in loan group 2 was approximately 299. The above table assumes that the draw period for the mortgage loans with (a) five year draw periods and fifteen year repayment periods will be extended for an additional five years and (b) five year draw periods and ten year repayment periods will not be extended. Combined Loan-to-Value Ratios for the Group 2 Mortgage Loans
Percent of Weighted Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Average Principal of Principal Current Gross Remaining Credit Combined Range of Combined Loan-to- Balance Mortgage Balance Principal Mortgage Term Bureau Risk Loan-to- Value Ratio (%) Outstanding Loans Outstanding Balance Rate (months) Score Value Ratio - -------------------------------- -------------- --------- ------------ ---------- ---------- ----------- ----------- ------------- 10.01 - 20.00................. $ 39,032 3 0.01% $ 13,011 7.390% 299.00 661 16.4% 20.01 - 30.00................. 281,767 13 0.04 21,674 4.830 298.70 755 25.2 30.01 - 40.00................. 2,233,766 39 0.36 57,276 4.517 298.16 703 35.1 40.01 - 50.00................. 7,793,265 91 1.24 85,640 5.321 298.49 707 45.5 50.01 - 60.00................. 16,132,701 221 2.57 72,999 5.082 298.90 719 56.1 60.01 - 70.00................. 48,281,424 654 7.68 73,825 4.871 298.66 712 67.1 70.01 - 80.00................. 118,307,488 1,289 18.82 91,782 5.116 298.61 709 77.8 80.01 - 90.00................. 229,173,781 3,671 36.45 62,428 5.869 298.73 711 88.7 90.01 - 100.00 ................ 206,422,928 2,949 32.84 69,998 6.293 298.75 720 98.2 -------------- --------- ------------ Total $ 628,666,152 8,930 100.00% ============== ========= ============
As of the Statistical Calculation Date, the weighted combined average loan-to-value ratio of the statistical calculation mortgage loans in loan group 2 was approximately 86.49%. 15 The geographic location used for the following table is determined by the address of the mortgaged property securing the related mortgage loan. Geographic Distribution for the Group 2 Mortgage Loans
Weighted Percent of Weighted Weighted Weighted Average Aggregate Aggregate Average Average Average Average Combined Principal Number of Principal Current Gross Remaining Credit Loan-to- Balance Mortgage Balance Principal Mortgage Term Bureau Risk Value State Outstanding Loans Outstanding Balance Rate (months) Score Ratio - ---------------------------- ------------- ---------- ------------- ----------- ---------- ----------- ------------ ------------- Alabama..................... $ 2,223,696 87 0.35% $ 25,560 5.115% 298.72 712 88.8% Alaska...................... 347,787 8 0.06 43,473 6.346 297.60 715 85.1 Arizona..................... 14,585,636 328 2.32 44,468 5.402 298.60 720 90.1 California.................. 345,274,124 3,477 54.92 99,302 5.939 298.72 714 86.4 Colorado.................... 17,983,785 290 2.86 62,013 5.607 298.25 717 89.4 Connecticut................. 6,401,607 74 1.02 86,508 5.501 299.02 708 78.8 Delaware.................... 490,654 14 0.08 35,047 4.695 299.20 690 90.4 District of Columbia........ 1,068,131 14 0.17 76,295 5.093 298.49 704 78.8 Florida..................... 31,593,763 555 5.03 56,926 5.867 298.91 712 86.6 Georgia..................... 5,588,653 136 0.89 41,093 5.185 298.57 709 93.3 Hawaii...................... 5,125,728 59 0.82 86,877 5.910 295.82 730 82.9 Idaho....................... 1,846,525 65 0.29 28,408 5.390 299.05 714 86.9 Illinois.................... 17,416,388 283 2.77 61,542 5.223 298.77 727 87.0 Indiana..................... 2,139,129 71 0.34 30,129 4.869 298.72 715 90.3 Iowa........................ 505,840 32 0.08 15,807 5.281 298.72 712 90.6 Kansas...................... 1,444,473 47 0.23 30,733 5.782 298.83 702 93.7 Kentucky.................... 2,058,640 56 0.33 36,761 4.745 298.90 730 89.0 Louisiana................... 1,041,016 45 0.17 23,134 6.165 298.62 706 93.4 Maine....................... 957,537 16 0.15 59,846 5.299 297.87 724 81.4 Maryland.................... 8,720,545 147 1.39 59,323 5.092 298.69 711 84.8 Massachusetts............... 18,202,881 189 2.90 96,312 5.811 298.96 709 83.4 Michigan.................... 3,855,049 145 0.61 26,587 5.354 300.35 711 87.9 Minnesota................... 3,887,131 121 0.62 32,125 5.185 298.81 712 88.0 Mississippi................. 614,673 18 0.10 34,149 4.827 298.47 735 97.4 Missouri.................... 3,403,137 104 0.54 32,722 4.787 297.84 708 87.2 Montana..................... 931,508 39 0.15 23,885 5.295 298.73 728 88.2 Nebraska.................... 218,641 12 0.03 18,220 5.659 298.59 693 94.0 Nevada...................... 20,974,148 316 3.34 66,374 6.087 299.01 714 87.9 New Hampshire............... 2,433,922 46 0.39 52,911 5.104 298.93 713 87.4 New Jersey.................. 20,182,549 313 3.21 64,481 5.307 298.43 705 81.1 New Mexico.................. 1,715,968 38 0.27 45,157 5.780 299.06 699 89.5 New York.................... 27,054,258 376 4.30 71,953 5.542 298.75 705 82.7 North Carolina.............. 3,158,664 120 0.50 26,322 5.584 298.12 715 88.9 North Dakota................ 31,966 2 0.01 15,983 4.196 299.00 744 82.3 Ohio........................ 3,716,917 128 0.59 29,038 5.218 298.54 702 90.8 Oklahoma.................... 509,314 31 0.08 16,429 5.039 298.13 701 91.8 Oregon...................... 3,708,541 85 0.59 43,630 5.487 298.96 717 87.7 Pennsylvania................ 4,694,794 160 0.75 29,342 5.276 298.47 709 86.3 Rhode Island................ 1,015,544 23 0.16 44,154 6.948 299.13 739 90.0 South Carolina.............. 1,967,967 55 0.31 35,781 5.140 299.24 718 82.3 South Dakota................ 101,745 6 0.02 16,958 4.659 298.62 677 88.8 Tennessee................... 2,245,527 90 0.36 24,950 5.538 298.27 714 92.2 Texas....................... 1,140,880 31 0.18 36,803 5.438 299.32 736 89.6 Utah........................ 3,377,608 90 0.54 37,529 5.826 298.58 725 90.9 Vermont..................... 431,150 8 0.07 53,894 6.614 298.97 687 85.2 Virginia.................... 2,627,231 212 2.01 59,562 5.584 298.73 712 89.0 Washington.................. 16,331,852 243 2.60 67,209 5.457 299.06 713 88.4 West Virginia............... 235,587 13 0.04 18,122 5.547 297.91 714 94.7 Wisconsin................... 2,544,297 97 0.40 26,230 5.128 298.50 694 89.4 Wyoming..................... 539,048 15 0.09 35,937 6.479 298.63 744 88.1 ------------- ---------- ------------ Total $628,666,152 8,930 100.00% ============= ========== ============
16 Credit Scores for the Mortgage Loans for the Group 2 Mortgage Loans
Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Risk Range of Credit Scores Outstanding Loans Outstanding Balance Rate (months) Score - ---------------------------------- -------------- --------- ------------- ---------- ---------- ----------- ------------ 821 - 840........................ $ 2,781,594 18 0.44% $ 154,533 4.919% 298.84 824 801 - 820........................ 7,676,635 141 1.22 54,444 5.617 298.34 808 781 - 800........................ 28,554,720 426 4.54 67,030 5.231 298.00 789 761 - 780........................ 59,253,506 865 9.43 68,501 5.577 298.53 770 741 - 760........................ 78,915,328 1,110 12.55 71,095 5.883 298.70 750 721 - 740........................ 91,703,760 1,263 14.59 72,608 5.807 298.80 730 701 - 720........................ 116,014,910 1,489 18.45 77,915 5.860 298.87 710 681 - 700........................ 91,545,978 1,253 14.56 73,061 5.832 298.94 691 661 - 680........................ 83,808,199 1,203 13.33 69,666 5.827 298.44 671 641 - 660........................ 42,710,256 672 6.79 63,557 5.581 298.81 652 621 - 640........................ 21,988,862 411 3.50 53,501 5.666 298.89 631 601 - 620........................ 2,971,068 59 0.47 50,357 5.321 298.94 613 581 - 600........................ 386,164 11 0.06 35,106 5.453 299.08 589 561 - 580........................ 217,900 4 0.03 54,475 9.393 298.54 578 560 or less...................... 137,272 5 0.02 27,454 10.809 299.00 540 -------------- ---------- ------------- Total $ 628,666,152 8,930 100.00% ============== ========== ============= Weighted Average Combined Loan-to- Range of Credit Scores Value Ratio - ---------------------------------- ------------ 821 - 840........................ 89.8% 801 - 820........................ 83.1 781 - 800........................ 83.5 761 - 780........................ 87.3 741 - 760........................ 87.2 721 - 740........................ 88.4 701 - 720........................ 87.9 681 - 700........................ 86.2 661 - 680........................ 85.3 641 - 660........................ 85.6 621 - 640........................ 80.1 601 - 620........................ 80.4 581 - 600........................ 79.0 561 - 580........................ 79.4 560 or less...................... 82.0 Total
As of the Statistical Calculation Date, the weighted average credit score of the statistical calculation mortgage loans in loan group 2 was approximately 714. Property Type for the Group 2 Mortgage Loans
Percent of Weighted Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Average Principal of Principal Current Gross Remaining Credit Combined Balance Mortgage Balance Principal Mortgage Term Bureau Risk Loan-to- Property Type Outstanding Loans Outstanding Balance Rate (months) Score Value Ratio - -------------------------------- ------------- -------- ----------- --------- --------- --------- ------------ ----------- Single Family................... $ 437,184,633 6,218 69.54% $ 70,310 5.687% 298.66 713 85.8% Planned Unit Development (PUD).. 127,651,020 1,730 20.31 73,787 5.778 298.82 714 87.6 Low Rise Condominium............ 41,992,532 719 6.68 58,404 6.046 298.83 719 90.1 2-4 Units....................... 16,384,675 167 2.61 98,112 6.507 298.91 712 87.7 High Rise Condominium........... 4,547,614 71 0.72 64,051 6.992 298.96 724 89.1 Manufactured Housing (1)........ 905,678 25 0.14 36,227 4.241 298.66 708 76.6 ------------- --------- ---------- Total $ 628,666,152 8,930 100.00% ============ ========= ==========
- --------- (1) Treated as real property. 17 Gross Margins for the Group 2 Mortgage Loans
Weighted Percent of Weighted Weighted Weighted Average Aggregate Number Aggregate Average Average Average Average Combined Principal of Principal Current Gross Remaining Credit Loan-to- Balance Mortgage Balance Principal Mortgage Term Bureau Value Range of Gross Margins (%) Outstanding Loans Outstanding Balance Rate (months) Risk Score Ratio - ------------------------------------ ------------- -------- ------------- ----------- ---------- ----------- ------------ -------- Less than or equal to 0.000........ $ 65,387,569 673 10.40% $ 97,158 4.358% 298.02 735 79.2% 0.001 - 0.250...................... 14,314,756 186 2.28 76,961 4.294 298.75 720 71.3 0.251 - 0.500...................... 61,084,723 783 9.72 78,014 4.552 298.22 720 76.2 0.501 - 0.750...................... 21,332,705 218 3.39 97,856 5.011 299.02 711 77.5 0.751 - 1.000...................... 49,669,201 441 7.90 112,629 5.363 298.77 711 80.7 1.001 - 1.250...................... 31,214,675 359 4.97 86,949 5.208 298.82 701 80.7 1.251 - 1.500...................... 21,883,189 280 3.48 78,154 5.322 298.21 717 87.9 1.501 - 1.750...................... 19,939,157 261 3.17 76,395 5.873 299.05 698 82.8 1.751 - 2.000...................... 47,187,711 905 7.51 52,141 5.451 298.82 722 88.9 2.001 - 2.250...................... 43,325,065 722 6.89 60,007 5.395 299.01 713 89.1 2.251 - 2.500...................... 66,270,303 1,205 10.54 54,996 6.222 298.83 728 92.6 2.501 - 2.750...................... 40,990,629 568 6.52 72,167 6.749 299.00 705 90.3 2.751 - 3.000...................... 30,769,557 536 4.89 57,406 6.003 298.96 684 92.2 3.001 - 3.250...................... 8,959,636 137 1.43 65,399 6.344 298.69 707 92.3 3.251 - 3.500...................... 47,022,499 803 7.48 58,559 6.863 298.64 703 96.7 3.501 - 3.750...................... 9,204,691 178 1.46 51,712 7.133 298.97 715 93.8 3.751 - 4.000...................... 9,266,014 122 1.47 75,951 7.556 298.84 708 94.7 4.001 - 4.250...................... 18,162,654 206 2.89 88,168 8.288 299.22 714 96.8 4.251 - 4.500...................... 10,499,730 143 1.67 73,425 8.387 299.14 698 97.1 4.501 - 4.750...................... 3,122,187 56 0.50 55,753 7.918 299.15 679 94.9 4.751 - 5.000...................... 2,647,040 37 0.42 71,542 8.225 299.41 685 96.9 5.001 - 5.250...................... 3,235,374 35 0.51 92,439 9.793 299.28 685 97.9 5.251 - 5.500...................... 836,556 14 0.13 59,754 9.142 299.41 688 97.6 5.501 - 5.750...................... 416,421 5 0.07 83,284 10.171 298.08 701 93.5 5.751 - 6.000...................... 382,056 4 0.06 95,514 10.373 299.00 665 97.3 6.001 - 6.250...................... 1,188,628 42 0.19 28,301 8.834 298.98 616 77.4 6.251 - 6.500...................... 353,425 11 0.06 32,130 8.294 299.00 580 75.3 ------------ --------- ------------ Total $628,666,152 8,930 100.00% ============ ========= ============
As of the Statistical Calculation Date, the weighted average gross margin of the statistical calculation mortgage loans in loan group 2 was approximately 1.896%. 18 The credit limit utilization rates in the following table are determined by dividing the principal balance as of the Statistical Calculation Date for the particular grouping by the aggregate of the credit limits of the related credit line agreements. Credit Limit Utilization Rates for the Group 2 Mortgage Loans
Percent of Weighted Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Average Principal of Principal Current Gross Remaining Credit Combined Range of Credit Balance Mortgage Balance Principal Mortgage Term Bureau Risk Loan-to- Limit Utilization Rates (%) Outstanding Loans Outstanding Balance Rate (months) Score Value Ratio - --------------------------------- ------------- --------- ----------- ---------- ---------- ----------- ------------ ----------- 0.01 - 10.00.................. $ 1,695,148 280 0.27% $ 6,054 5.654% 296.28 730 77.9% 10.01 - 20.00.................. 5,504,890 315 0.88 17,476 5.277 297.57 734 78.9 20.01 - 30.00.................. 7,339,199 257 1.17 28,557 5.144 297.61 729 76.8 30.01 - 40.00.................. 10,969,576 290 1.74 37,826 5.101 297.45 721 75.9 40.01 - 50.00.................. 10,948,757 306 1.74 35,780 5.320 298.24 718 77.8 50.01 - 60.00.................. 11,819,302 273 1.88 43,294 5.405 298.30 712 80.2 60.01 - 70.00.................. 15,008,827 285 2.39 52,663 4.883 298.37 714 80.7 70.01 - 80.00.................. 19,527,550 291 3.11 67,105 5.382 298.45 705 79.5 80.01 - 90.00.................. 15,084,487 255 2.40 59,155 5.150 298.42 699 79.8 90.01 - 100.00.................. 530,768,414 6,378 84.43 83,219 5.858 298.82 714 87.9 ------------- --------- ----------- Total $ 628,666,152 8,930 100.00% ============= ========= ===========
As of the Statistical Calculation Date, the average credit limit utilization rate of the statistical calculation mortgage loans in loan group 2 was approximately 84.01%. Maximum Loan Rates for the Group 2 Mortgage Loans
Percent of Weighted Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Average Principal of Principal Current Gross Remaining Credit Combined Balance Mortgage Balance Principal Mortgage Term Bureau Risk Loan-to- Maximum Loan Rates(%) Outstanding Loans Outstanding Balance Rate (months) Score Value Ratio - --------------------------------- ------------- --------- ------------ ---------- --------- ----------- ----------- ------------ 11.949......................... $ 4,309,584 22 0.69% $ 195,890 5.292% 298.66 718 99.5% 16.000......................... 6,964,898 166 1.11 41,957 5.364 299.10 714 86.4 17.000......................... 31,086,049 578 4.94 53,782 5.846 298.92 714 86.0 18.000......................... 584,873,328 8,115 93.03 72,073 5.754 298.69 714 86.4 21.000......................... 1,432,292 49 0.23 29,230 8.586 298.94 603 75.7 ------------- --------- ------------ $ 628,666,152 8,930 100.00% ============= ========= ============
As of the Statistical Calculation Date, the weighted average maximum loan rate of the statistical calculation mortgage loans in loan group 2 was approximately 17.894%. 19 Credit Limits for the Group 2 Mortgage Loans
Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Risk Range of Credit Limits ($) Outstanding Loans Outstanding Balance Rate (months) Score - --------------------------------- -------------- --------- ------------- ----------- ----------- ----------- ------------ 0.01 - 10,000.00........... $ 975,515 128 0.16% $ 7,621 5.662% 297.62 713 10,000.01 - 20,000.00........... 17,945,976 1,275 2.85 14,075 5.358 298.29 706 20,000.01 - 30,000.00........... 28,027,365 1,339 4.46 20,932 5.257 298.46 709 30,000.01 - 40,000.00........... 13,188,058 473 2.10 27,882 5.449 298.84 703 40,000.01 - 50,000.00........... 25,422,583 704 4.04 36,112 5.771 298.89 706 50,000.01 - 60,000.00........... 28,018,991 560 4.46 50,034 5.771 299.07 714 60,000.01 - 70,000.00........... 31,852,618 525 5.07 60,672 5.971 299.01 714 70,000.01 - 80,000.00........... 43,463,208 641 6.91 67,805 6.113 298.98 716 80,000.01 - 90,000.00........... 31,433,937 411 5.00 76,482 6.111 298.97 710 90,000.01 - 100,000.00.......... 57,120,207 743 9.09 76,878 5.823 298.76 711 100,000.01 - 125,000.00.......... 58,946,924 569 9.38 103,597 6.113 299.00 715 125,000.01 - 150,000.00.......... 66,878,956 581 10.64 115,110 6.028 298.91 709 150,000.01 - 175,000.00.......... 16,203,689 120 2.58 135,031 5.553 298.80 710 175,000.01 - 200,000.00.......... 32,465,403 224 5.16 144,935 5.518 298.37 719 200,000.01 - 225,000.00.......... 13,556,876 83 2.16 163,336 5.767 298.88 718 225,000.01 - 250,000.00.......... 21,054,906 113 3.35 186,327 5.348 298.77 720 250,000.01 - 275,000.00.......... 12,628,823 59 2.01 214,048 5.741 297.02 704 275,000.01 - 300,000.00.......... 17,818,285 81 2.83 219,979 5.454 298.17 716 300,000.01 - 325,000.00.......... 7,836,268 35 1.25 223,893 6.034 298.49 709 325,000.01 - 350,000.00.......... 12,295,662 42 1.96 292,754 6.046 298.68 711 350,000.01 - 375,000.00.......... 3,594,699 15 0.57 239,647 5.168 298.25 723 375,000.01 - 400,000.00......... 9,225,902 37 1.47 249,349 5.539 298.02 727 400,000.01 - 425,000.00.......... 5,792,213 17 0.92 340,718 5.918 298.13 727 425,000.01 - 450,000.00.......... 6,203,622 16 0.99 387,726 5.337 298.25 746 450,000.01 - 475,000.00.......... 5,597,953 14 0.89 399,854 5.197 298.49 720 475,000.01 - 500,000.00.......... 13,015,689 43 2.07 302,690 5.044 298.36 724 500,000.01 - 525,000.00.......... 855,246 3 0.14 285,082 4.498 299.00 792 525,000.01 - 550,000.00.......... 1,608,485 4 0.26 402,121 6.908 299.00 735 550,000.01 - 575,000.00.......... 1,313,000 3 0.21 437,667 6.749 297.73 688 575,000.01 - 600,000.00.......... 5,039,974 14 0.80 359,998 4.879 298.19 738 600,000.01 - 625,000.00.......... 1,728,545 4 0.27 432,136 6.523 299.06 717 625,000.01 - 650,000.00.......... 2,935,970 6 0.47 489,328 5.388 299.00 738 650,000.01 - 675,000.00.......... 671,000 1 0.11 671,000 8.875 299.00 643 675,000.01 - 700,000.00.......... 4,574,660 9 0.73 508,296 5.329 299.08 716 700,000.01 - 725,000.00.......... 712,000 1 0.11 712,000 4.750 299.00 720 725,000.01 - 750,000.00.......... 1,564,423 3 0.25 521,474 5.327 298.86 726 750,000.01 - 775,000.00.......... 769,868 1 0.12 769,868 4.000 298.00 716 775,000.01 - 800,000.00.......... 1,563,882 4 0.25 390,970 6.454 297.73 733 800,000.01 - 825,000.00.......... 1,018,000 2 0.16 509,000 5.554 299.20 762 825,000.01 - 850,000.00.......... 1,234,000 2 0.20 617,000 5.074 297.65 753 850,000.01 - 875,000.00.......... 635,089 1 0.10 635,089 8.125 297.00 754 875,000.01 - 900,000.00.......... 995,000 2 0.16 497,500 3.990 298.10 779 950,000.01 - 975,000.00.......... 668,695 1 0.11 668,695 4.750 299.00 766 975,000.01 - 1,000,000.00........ 4,131,848 8 0.66 516,481 4.963 298.58 680 Greater than $1,000,000.00....... 16,082,143 13 2.56 1,237,088 5.467 298.75 698 -------------- --------- ----------- Total $ 628,666,152 8,930 100.00% ============== ========= =========== Weighted Average Combined Loan-to- Range of Credit Limits ($) Value Ratio - --------------------------------- ----------- 0.01 - 10,000.00.......... 87.0% 10,000.01 - 20,000.00.......... 88.0 20,000.01 - 30,000.00.......... 89.7 30,000.01 - 40,000.00.......... 86.3 40,000.01 - 50,000.00.......... 85.8 50,000.01 - 60,000.00.......... 89.6 60,000.01 - 70,000.00.......... 91.4 70,000.01 - 80,000.00.......... 92.5 80,000.01 - 90,000.00.......... 92.9 90,000.01 - 100,000.00.......... 87.7 100,000.01 - 125,000.00.......... 91.3 125,000.01 - 150,000.00.......... 84.9 150,000.01 - 175,000.00.......... 86.9 175,000.01 - 200,000.00.......... 82.3 200,000.01 - 225,000.00.......... 85.2 225,000.01 - 250,000.00.......... 78.4 250,000.01 - 275,000.00.......... 85.0 275,000.01 - 300,000.00.......... 80.3 300,000.01 - 325,000.00.......... 87.4 325,000.01 - 350,000.00.......... 80.9 350,000.01 - 375,000.00.......... 78.0 375,000.01 - 400,000.00......... 78.1 400,000.01 - 425,000.00.......... 88.4 425,000.01 - 450,000.00.......... 80.7 450,000.01 - 475,000.00.......... 79.7 475,000.01 - 500,000.00.......... 74.7 500,000.01 - 525,000.00.......... 92.0 525,000.01 - 550,000.00.......... 90.0 550,000.01 - 575,000.00.......... 83.5 575,000.01 - 600,000.00.......... 79.8 600,000.01 - 625,000.00.......... 78.7 625,000.01 - 650,000.00.......... 80.7 650,000.01 - 675,000.00.......... 90.0 675,000.01 - 700,000.00.......... 86.0 700,000.01 - 725,000.00.......... 75.0 725,000.01 - 750,000.00.......... 80.0 750,000.01 - 775,000.00.......... 95.0 775,000.01 - 800,000.00.......... 84.2 800,000.01 - 825,000.00.......... 75.9 825,000.01 - 850,000.00.......... 86.8 850,000.01 - 875,000.00.......... 87.0 875,000.01 - 900,000.00.......... 69.5 950,000.01 - 975,000.00.......... 80.0 975,000.01 - 1,000,000.00........ 70.3 Greater than $1,000,000.00....... 83.4 Total
As of the Statistical Calculation Date, the average credit limit of the statistical calculation mortgage loans in loan group 2 was approximately $87,004. 20 Lien Priority for the Group 2 Mortgage Loans
Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Risk Lien Priority Outstanding Loans Outstanding Balance Rate (months) Score - --------------------------------- -------------- --------- ------------- ---------- ---------- ----------- ------------ Second Liens.................... $ 628,666,152 8,930 100.00% $ 70,399 5.758% 298.71 714 -------------- --------- ------------- Total $ 628,666,152 8,930 100.00% ============== ========= ============= Weighted Average Combined Loan-to- Lien Priority Value Ratio - --------------------------------- ------------- Second Liens.................... 86.5% Total
Delinquency Status for the Group 2 Mortgage Loans
Percent of Weighted Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Average Principal of Principal Current Gross Remaining Credit Combined Balance Mortgage Balance Principal Mortgage Term Bureau Risk Loan-to- Delinquency Status Outstanding Loans Outstanding Balance Rate (months) Score Value Ratio - --------------------------------- -------------- --------- ------------- --------- ---------- ---------- ----------- ----------- Current........................ $ 628,631,591 8,929 99.99% $ 70,403 5.758% 298.71 714 86.5% 30 - 59 Days................... 34,561 1 0.01 34,561 7.750 290.00 626 96.8 -------------- --------- ------------- Total $ 628,666,152 8,930 100.00% ============== ========= =============
Origination Year for the Group 2 Mortgage Loans
Percent of Weighted Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Average Principal of Principal Current Gross Remaining Credit Combined Balance Mortgage Balance Principal Mortgage Term Bureau Risk Loan-to- Origination Year Outstanding Loans Outstanding Balance Rate (months) Score Value Ratio - --------------------------------- ------------- ---------- ------------ ---------- --------- ---------- ----------- ------------- 1998........................... $ 544,968 4 0.09% $ 136,242 4.731% 222.53 698 86.4% 2002........................... 100,734 3 0.02 33,578 5.833 275.99 778 79.0 2003........................... 4,808,313 221 0.76 21,757 6.024 287.82 745 79.5 2004........................... 623,212,136 8,702 99.13 71,617 5.757 298.86 713 86.5 -------------- --------- ------------ Total $ 628,666,152 8,930 100.00% ============== ========= ============
21 Mortgage Loan Statistics ------------------------ For purposes of this Form 8-K, "Tables" shall mean computer generated tables and/or charts describing the characteristics of the Mortgage Loans as of the applicable Cut-off Date. All percentages in the Tables were calculated based on the principal balance of the Initial Mortgage Loans as of the Initial Cut-off Date. The sum of the columns may not equal the respective totals due to rounding. 22 Section 9. - ---------- Item 9.01. Financial Statements, Pro Forma Financial Information and Exhibits. - ---- ------------------------------------------------------------------ (a) Not applicable. (b) Not applicable. 23 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. CWABS, INC. By: /s/ Celia Coulter ------------------------------- Name: Celia Coulter Title: Vice President Dated: December 8, 2004 24 -----END PRIVACY-ENHANCED MESSAGE-----