<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>efc5-1997_exhibit992.txt
<TEXT>
Exhibit 99.2
------------
CSC Computational Materials dated September 20, 2005.
<PAGE>
Exhibit 99.2
[LOGO OMITTED] Countrywide
-------------------------- Computational Materials for
SECURITIES CORPORATION CWHEQ Revolving Home Equity Loan Trust,
A Countrywide Capital Markets Company Series 2005-G
------------------------------------------------------------------------------
ABS New Transaction
Computational Materials
-----------------------
$[1,771,875,000]
(Approximate)
CWHEQ, Inc.
Depositor
CWHEQ REVOLVING HOME EQUITY LOAN TRUST,
Series 2005-G
Revolving Home Equity Loan Asset Backed
Notes, Series 2005-G
[LOGO OMITTED] Countrywide
HOME LOANS
Sponsor and Master Servicer
<PAGE>
[LOGO OMITTED] Countrywide
-------------------------- Computational Materials for
SECURITIES CORPORATION CWHEQ Revolving Home Equity Loan Trust,
A Countrywide Capital Markets Company Series 2005-G
------------------------------------------------------------------------------
The attached tables and other statistical pool analyses, together with all
other information presented herein (the "Computational Materials") are
privileged and confidential and are intended for use by the addressee only.
These Computational Materials are furnished to you solely by Countrywide
Securities Corporation ("Countrywide Securities") and not by the issuer of the
securities or any of its affiliates (other than Countrywide Securities). The
issuer of these securities has not prepared or taken part in the preparation
of these materials. The information herein regarding the mortgage loans is
preliminary, and will be superseded by the applicable prospectus supplement,
any related supplement and by any other information subsequently filed with
the Securities and Exchange Commission. The information herein may not be
provided by the addressees to any third party other than the addressee's
legal, tax, financial and/or accounting advisors for the purposes of
evaluating said material.
Numerous assumptions were used in preparing the Computational Materials which
may or may not be stated therein. As such, no assurance can be given as to the
accuracy, appropriateness or completeness of the Computational Materials in
any particular context; or as to whether the Computational Materials and/or
the assumptions upon which they are based reflect present market conditions or
future market performance. These Computational Materials should not be
construed as either projections or predictions or as legal, tax, financial or
accounting advice.
Without limiting the foregoing, the collateral information set forth in these
Computational Materials, including without limitation the collateral tables
which follow, is based only on a statistical pool of Mortgage Loans expected
to be included in the Trust along with other Mortgage Loans on the Closing
Date. In addition, certain Mortgage Loans contained in this statistical pool
may be deleted from the final pool of Mortgage Loans delivered to the Trust on
the Closing Date. This statistical pool may not necessarily represent a
statistically relevant population, notwithstanding any contrary references
herein. Although Countrywide Securities believes the information with respect
to the statistical pool will be representative of the final pool of Mortgage
Loans, the collateral characteristics of the final pool may nonetheless vary
from the collateral characteristics of the statistical pool.
Any yields or weighted average lives shown in the Computational Materials are
based on prepayment assumptions and actual prepayment experience may
dramatically affect such yields or weighted average lives. In addition, it is
possible that prepayments on the underlying assets will occur at rates slower
or faster than the rates assumed in the attached Computational Materials.
Furthermore, unless otherwise provided, the Computational Materials assume no
losses on the underlying assets and no interest shortfall. The specific
characteristics of the securities may differ from those shown in the
Computational Materials due to differences between the actual underlying
assets and the hypothetical assets used in preparing the Computational
Materials. The principal amount and designation of any security described in
the Computational Materials are subject to change prior to issuance.
Although a registration statement (including the prospectus) relating to the
securities discussed in this communication has been filed with the Securities
and Exchange Commission and is effective, the final prospectus supplement
relating to the securities discussed in this communication has not been filed
with the Securities and Exchange Commission. This communication shall not
constitute an offer to sell or the solicitation of any offer to buy nor shall
there be any sale of the securities discussed in this communication in any
State in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such State.
Prospective purchasers are referred to the final prospectus and prospectus
supplement relating to the securities discussed in this communication for
definitive Computational Materials on any matter discussed in this
communication. A final prospectus and prospectus supplement may be obtained by
contacting your Countrywide Securities account representative.
Please be advised that asset-backed securities may not be appropriate for all
investors. Potential investors must be willing to assume, among other things,
market price volatility, prepayments, yield curve and interest rate risk.
Investors should fully consider the risk of an investment in these securities.
If you have received this communication in error, please notify the sending
party immediately by telephone and return the original to such party by mail.
Recipients must read the information contained in the attached statement on
page 2. Do not use or rely on this information if you have not received or
reviewed the statement. If you have not received the statement, call your
Countrywide Securities account representative for another copy. The collateral
and other information set forth in the Computational Materials supersedes any
previously distributed information relating to the securities discussed in
this communication and will be superseded by the information set forth in the
final prospectus supplement.
Page 2 of 11
<PAGE>
[LOGO OMITTED] Countrywide
-------------------------- Computational Materials for
SECURITIES CORPORATION CWHEQ Revolving Home Equity Loan Trust,
A Countrywide Capital Markets Company Series 2005-G
------------------------------------------------------------------------------
Prepared: September 20, 2005
$[1,771,875,000] (Approximate)
Revolving Home Equity Loan Trust, Series 2005-G
REVOLVING HOME EQUITY LOAN ASSET BACKED NOTES, SERIES 2005-G
------------------------------------------------------------
<TABLE>
<CAPTION>
=================================================================================================================================
Class Approximate Note Rate WAL Payment Window Last Scheduled Expected
Amount (1) (Years) (Months) Call/Mat (2) Payment Date Rating
Call/Mat (2) (S&P/Moody's)
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1-A $[846,450,000] Not Offered Herein AAA / Aaa
---------------------------------------------------------------------------------------------------------------------------------
2-A $[925,425,000] LIBOR + [2.21] / [2.38] [1 - 66]/ [1 - 135] [Aug 2030] AAA / Aaa
[0.23](3)
Total $[1,771,875,000]
=================================================================================================================================
</TABLE>
(1) Subject to a permitted variance of +/- 10%.
(2) Based on a collateral prepayment assumption of 40.00% CPR and a 10.00%
draw rate, with respect to the Mortgage Loans and a settlement date of
September 30, 2005.
(3) Subject to the lesser of (a) a fixed cap of 16.00% and (b) the related
Net WAC, as more fully described herein. Additionally, the coupon for the
initial interest accrual period shall be based on an interpolated
mid-point LIBOR (using the 1-month and 2-month LIBOR benchmarks).
Recipients must read the information contained in the attached statement on
page 2. Do not use or rely on this information if you have not received or
reviewed the statement. If you have not received the statement, call your
Countrywide Securities account representative for another copy. The collateral
and other information set forth in the Computational Materials supersedes any
previously distributed information relating to the securities discussed in
this communication and will be superseded by the information set forth in the
final prospectus supplement.
Page 3 of 11
<PAGE>
[LOGO OMITTED] Countrywide
-------------------------- Computational Materials for
SECURITIES CORPORATION CWHEQ Revolving Home Equity Loan Trust,
A Countrywide Capital Markets Company Series 2005-G
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Transaction Participants
------------------------
<S> <C>
Underwriter: Countrywide Securities Corporation.
Originators: Countrywide Bank, N.A. (formerly Treasury Bank, N.A.) ("Countrywide Bank") and
Countrywide Home Loans, Inc.
Sponsor and Master Servicer: Countrywide Home Loans, Inc. ("Countrywide").
Depositor: CWHEQ, Inc. (a limited purpose finance subsidiary of Countrywide Financial Corporation).
Custodian: Treasury Bank, a division of Countrywide Bank, N.A. (an affiliate of the Sponsor and
Master Servicer).
Note Insurer: Financial Guaranty Insurance Company ("FGIC").
Indenture Trustee: JP Morgan Chase Bank, National Association.
Owner Trustee: Wilmington Trust Company.
Relevant Dates
--------------
Expected Closing Date: September 30, 2005.
Expected Settlement Date: September 30, 2005.
Cut-off Date: September 23, 2005.
Interest Period: Except with respect to the first Payment Date, the interest accrual period with respect
to the Notes for a given Payment Date will be the period beginning with the previous
Payment Date and ending on the day prior to such Payment Date. For the first Payment
Date, the Notes will accrue interest from the Closing Date through November 14, 2005.
Payment Date: The fifteenth (15th) day of each month (or, if not a business day, the next succeeding
business day), commencing November 15, 2005.
Collection Period: With respect to any Payment Date, the calendar month preceding the Payment Date or, in
the case of the first Collection Period, the period beginning on the Cut-off Date and
ending on the last day of October 2005.
The Mortgage Loans
------------------
Description of
Mortgage Loans: The Mortgage Loans were originated by the originators and will be transferred prior to
the Closing Date by Countrywide Bank to the Sponsor. On the Closing Date, the Mortgage
Loans will be transferred by the Sponsor to the Depositor and by the Depositor to the
Trust. The Trust will consist of two groups of home equity revolving credit line loans
made or to be made in the future under certain home equity revolving credit line loan
agreements (the "Group 1 Mortgage Loans", "Group 2 Mortgage Loans", and each, a "Loan
Group"). The Group 1 Mortgage Loans will be secured by second deeds of trust or
mortgages on primarily one-to-four family residential properties with conforming loan
balances based on maximum credit limits and will bear interest at rates that adjust
based on the prime rate. The Group 2 Mortgage Loans will be secured by
</TABLE>
Recipients must read the information contained in the attached statement on
page 2. Do not use or rely on this information if you have not received or
reviewed the statement. If you have not received the statement, call your
Countrywide Securities account representative for another copy. The collateral
and other information set forth in the Computational Materials supersedes any
previously distributed information relating to the securities discussed in
this communication and will be superseded by the information set forth in the
final prospectus supplement.
Page 4 of 11
<PAGE>
[LOGO OMITTED] Countrywide
-------------------------- Computational Materials for
SECURITIES CORPORATION CWHEQ Revolving Home Equity Loan Trust,
A Countrywide Capital Markets Company Series 2005-G
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <C>
second deeds of trust or mortgages on primarily one-to-four family residential
properties and will bear interest at rates that adjust based on the prime rate. The
original principal balance of each class of Notes will exceed the aggregate Cut-off
Date principal balance of the Mortgage Loans in the related Loan Group transferred to
the Trust on the closing date.
The actual pool of Mortgage Loans delivered to the Trust on the Closing Date is
expected to have a Cut-off Date Balance of at least $1.750 billion (subject to a
variance of +/- 10%). The information presented in these Computational Materials for
the Mortgage Loans, particularly in the collateral tables, which follow, reflects a
statistical pool of Mortgage Loans as of September 9, 2005. However, the
characteristics of the statistical pool are expected to be representative of the final
pool of Mortgage Loans actually delivered to the Trust on the Closing Date.
HELOC Amortization: The Mortgage Loans are adjustable rate, home equity lines of credit ("HELOCs") which
may be drawn upon generally for a period (the "Draw Period") of five (5) years (which,
in most cases, may be extendible for an additional five (5) years with Countrywide's
approval). HELOCs are generally subject to a fifteen (15) year repayment period
following the end of the Draw Period during which the outstanding principal balance of
the Mortgage Loan will be repaid in monthly installments equal to 1/180 of the
outstanding principal balance as of the end of the Draw Period. A relatively small
number of HELOCs are subject to a five (5), ten (10) or twenty (20) year repayment
period following the Draw Period during which the outstanding principal balance of the
loan will be repaid in equal monthly installments. Approximately 0.06% of the Group 1
Mortgage Loans and approximately 0.10% of the Group 2 Mortgage Loans in the statistical
pool, respectively, require a balloon repayment at the end of the Draw Period.
Approximately 2.73% of the Group 1 Mortgage Loans and approximately 9.82% of the Group
2 Mortgage Loans in the statistical pool, respectively, will have underlying senior
mortgages which are negative amortization loans.
Cut-off Date Balance: The aggregate unpaid principal balance of the Mortgage Loans as of the Cut-off Date.
The Notes
---------
Description
of the Notes: The Class 1-A (which is not offered herein) and Class 2-A Notes (together, the "Notes")
will be issued by CWHEQ Revolving Home Equity Loan Trust, Series 2005-G (the "Trust").
As of the Closing Date, the aggregate principal balance of both classes of the Notes
will be $[1,771,875,000] (subject to a permitted variance of +/- 10%).
Federal Tax Status: It is anticipated that the Notes will be treated as debt instruments for federal income
tax purposes.
Registration: The Notes will be available in book-entry form through DTC, Clearstream and the
Euroclear System.
Note Rate: Except as noted below, each class of Notes will accrue interest during each Interest
Accrual Period at a rate equal to the least of: (a) one-month LIBOR, plus [0.23]%, (b)
the Net WAC of the Mortgage Loans in the related Loan Group, and (c) 16.00%. With
respect to the initial Interest Accrual Period only, the rate calculated in clause (a)
above will be based on an interpolated mid-point LIBOR (using the 1-month and 2-month
LIBOR as benchmarks).
Net WAC: The "Net WAC" of the Group 1 or Group 2 Mortgage Loans shall mean the weighted average
of the loan rates of the Group 1 or Group 2 Mortgage Loans (as applicable), weighted on
the basis of the daily average balance of each Mortgage Loan in the applicable Loan
Group during the
</TABLE>
Recipients must read the information contained in the attached statement on
page 2. Do not use or rely on this information if you have not received or
reviewed the statement. If you have not received the statement, call your
Countrywide Securities account representative for another copy. The collateral
and other information set forth in the Computational Materials supersedes any
previously distributed information relating to the securities discussed in
this communication and will be superseded by the information set forth in the
final prospectus supplement.
Page 5 of 11
<PAGE>
[LOGO OMITTED] Countrywide
-------------------------- Computational Materials for
SECURITIES CORPORATION CWHEQ Revolving Home Equity Loan Trust,
A Countrywide Capital Markets Company Series 2005-G
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <C>
related billing cycle for the Collection Period relating to the Payment Date, net of
the Expense Fee Rate.
Expense Fee Rate: For any Payment Date, the "Expense Fee Rate" shall be an amount equal to the sum of (i)
the servicing fee rate, (ii) the note insurer premium rate times a fraction, the
numerator of which is the Note principal balance of the applicable class of Notes and
the denominator of which is the related Loan Group Balance, and (iii) commencing with
the Payment Date in November 2006, the Note Insurer Carve-out Rate. The "Note Insurer
Carve-out Rate" for any given Payment Date on and after the November 2006 Payment Date
shall be 0.50%.
Basis Risk Carryforward: On any Payment Date the "Basis Risk Carryforward" for either Class of Notes will equal,
the sum of (x) the excess of (a) the amount of interest that would have accrued on such
Notes during the related Interest Accrual Period without giving effect to the related
Net WAC cap, over (b) the amount of interest that actually accrued on such Notes during
such period, and (y) any Basis Risk Carryforward remaining unpaid from prior Payment
Dates together with accrued interest thereon at the Note Rate without giving effect to
the related Net WAC cap. The Basis Risk Carryforward will be paid to the related class
of Notes to the extent funds are available from the Mortgage Loans in the related Loan
Group as set forth in "Group 1 Distributions of Interest" or "Group 2 Distributions of
Interest" (as applicable), below.
Group 1
Distributions of Interest: Investor interest collections related to the Group 1 Mortgage Loans are to be applied
in the following order of priority:
1. Note insurance policy premium of the Note Insurer with respect to the Group 1 Mortgage
Loans;
2. Accrued monthly interest on the Class 1-A Notes at the related Note Rate, as calculated
above, together with any overdue accrued monthly interest from prior periods
(exclusive of Basis Risk Carryforward);
3. To the Class 1-A Notes in respect of Investor Loss Amounts allocable to such Notes
(as described below) for such Payment Date;
4. To the Class 1-A Notes in respect of Investor Loss Amounts allocable to such Notes
(as described below) for previous Payment Dates to the extent not previously
reimbursed, absorbed or funded (as provided in the indenture);
5. To the Class 2-A Notes, accrued monthly interest at the related Note Rate together
with any overdue accrued monthly interest from prior periods (exclusive of Basis
Risk Carryforward), that remains unpaid after taking into account the payments of
Investor Interest Collections from the Group 2 Mortgage Loans;
6. Reimbursement to the Note Insurer for prior draws on its insurance policy (with
interest thereon) relating to the Group 1 Mortgage Loans;
7. Paydown of the Class 1-A Notes to create and maintain the required level of
overcollateralization;
8. To the Class 2-A Notes in respect of Investor Loss Amounts allocable to such Notes
(as described below) for such Payment Date, to the extent not covered by Investor
Interest Collections related to the Group 2 Mortgage Loans;
9. To the Class 2-A Notes in respect of Investor Loss Amounts allocable to such Notes
(as described below) for previous Payment Dates, to the extent not covered by
Investor Interest Collections related to the Group 2 Mortgage Loans and not
previously reimbursed, absorbed or funded (as provided in the indenture);
10. Payment of any other amounts owed to the Note Insurer with respect to the Group 1
Mortgage Loans
</TABLE>
Recipients must read the information contained in the attached statement on
page 2. Do not use or rely on this information if you have not received or
reviewed the statement. If you have not received the statement, call your
Countrywide Securities account representative for another copy. The collateral
and other information set forth in the Computational Materials supersedes any
previously distributed information relating to the securities discussed in
this communication and will be superseded by the information set forth in the
final prospectus supplement.
Page 6 of 11
<PAGE>
[LOGO OMITTED] Countrywide
-------------------------- Computational Materials for
SECURITIES CORPORATION CWHEQ Revolving Home Equity Loan Trust,
A Countrywide Capital Markets Company Series 2005-G
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <C>
11. Payment to the Master Servicer of amounts for which the Master Servicer is
entitled pursuant to the sale and servicing agreement with respect to the Class
1-A Notes;
12. Reimbursement to the Note Insurer for prior draws on its insurance policy and any
other amount owed to the Note Insurer, in each case with respect to Group 2
Mortgage Loans;
13. Basis Risk Carryforward related to the Class 1-A Notes; and
14. Any excess cash flow to the holder of the Transferor Interest.
In the circumstances described in the prospectus supplement, Investor Loss Amounts for
a Class of Notes may be funded or absorbed by the Allocated Transferor Interest and
Subordinated Transferor Collections for the unrelated Loan Group.
Group 2
Distributions of Interest: Investor interest collections related to the Group 2 Mortgage Loans are to be applied
in the following order of priority:
1. Note insurance policy premium of the Note Insurer with respect to the Group 2
Mortgage Loans;
2. Accrued monthly interest on the Class 2-A Notes at the related Note Rate, as
calculated above, together with any overdue accrued monthly interest from prior
periods (exclusive of Basis Risk Carryforward);
3. To the Class 2-A Notes in respect of Investor Loss Amounts allocable to such Notes
(as described below) for such Payment Date;
4. To the Class 2-A Notes in respect of Investor Loss Amounts allocable to such Notes
(as described below) for previous Payment Dates to the extent not previously
reimbursed, absorbed or funded (as provided in the indenture);
5. To the Class 1-A Notes, accrued monthly interest at the related Note Rate together
with any overdue accrued monthly interest from prior periods (exclusive of Basis
Risk Carryforward), that remains unpaid after taking into account the payments of
Investor Interest Collections from the Group 1 Mortgage Loans;
6. Reimbursement to the Note Insurer for prior draws on its insurance policy (with
interest thereon) relating to the Group 2 Mortgage Loans;
7. Paydown of the Class 2-A Notes to create and maintain the required level of
overcollateralization;
8. To the Class 1-A Notes in respect of Investor Loss Amounts allocable to such Notes
(as described below) for such Payment Date, to the extent not covered by Investor
Interest Collections related to the Group 1 Mortgage Loans;
9. To the Class 1-A Notes in respect of Investor Loss Amounts allocable to such Notes
(as described below) for previous Payment Dates, to the extent not covered by
Investor Interest Collections related to the Group 1 Mortgage Loans and not
previously reimbursed, absorbed or funded (as provided in the indenture) ;
10. Payment of any other amounts owed to the Note Insurer with respect to the Group 2
Mortgage Loans;
11. Payment to the Master Servicer of amounts for which the Master Servicer is
entitled pursuant to the sale and servicing agreement with respect to the Class
2-A Notes;
12. Reimbursement to the Note Insurer for prior draws on its insurance policy and any
other amount owed to the Note Insurer, in each case with respect to Group 1
Mortgage Loans;
13. Basis Risk Carryforward related to the Class 2-A Notes; and
14. Any excess cash flow to the holder of the Transferor Interest
</TABLE>
Recipients must read the information contained in the attached statement on
page 2. Do not use or rely on this information if you have not received or
reviewed the statement. If you have not received the statement, call your
Countrywide Securities account representative for another copy. The collateral
and other information set forth in the Computational Materials supersedes any
previously distributed information relating to the securities discussed in
this communication and will be superseded by the information set forth in the
final prospectus supplement.
Page 7 of 11
<PAGE>
[LOGO OMITTED] Countrywide
-------------------------- Computational Materials for
SECURITIES CORPORATION CWHEQ Revolving Home Equity Loan Trust,
A Countrywide Capital Markets Company Series 2005-G
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <C>
In the circumstances described in the prospectus supplement, Investor Loss Amounts for
a Class of Notes may be funded or absorbed by the Allocated Transferor Interest and
Subordinated Transferor Collections for the unrelated Loan Group.
Distributions of Principal: Collections of principal related to the Mortgage Loans in each Loan Group are to be
applied to the related class of Notes in the following order of priority:
1. During the Managed Amortization Period (as described below), the amount of
principal payable to the holders of a class of Notes for each Payment Date will
equal, to the extent funds are available from the related Loan Group, the lesser
of (a) the product of (i) the Investor Fixed Allocation Percentage (as defined
below) for those Notes, and (ii) principal collections from the related Loan Group
relating to such Payment Date (such product, the "Maximum Principal Payment"), and
(b) principal collections from the related Loan Group for the related Payment Date
less the sum of additional balances created from new draws on the Mortgage Loans
in that Loan Group during the related Collection Period (but not less than zero).
The amount of principal payable to the holders of a class of Notes for each
Payment Date shall be reduced by the dollar amount of any Excess
Overcollateralization Amount (as defined in the Indenture) for that Loan Group for
the related Payment Date.
The "Managed Amortization Period" for each class of Notes shall mean the period
beginning on the Closing Date and, unless a Rapid Amortization Event (i.e.,
certain events of default or other material non-compliance by the Sponsor under
the terms of the related transaction documents) shall have earlier occurred,
through and including the Payment Date in October 2010.
The "Investor Fixed Allocation Percentage" for any Payment Date and each Class of
Notes will be calculated as follows: (i) on any date on which the related
Allocated Transferor Interest is less than the related Required Transferor
Subordinated Amount, 100%, and (ii) on any date on which the related Allocated
Transferor Interest equals or exceeds the related Required Transferor Subordinated
Amount, [98.15]%.
2. After the Managed Amortization Period, the amount of principal payable to the
holders of each class of Notes on a payment date will be equal to the related
Maximum Principal Payment minus the Excess Overcollateralization Amount.
Optional Termination: The Notes may be retired as a result of the owner of the Transferor Interest purchasing
all of the mortgage loans then included in the trust estate on any payment date on or
after which the aggregate principal balance of both classes of Notes is less than or
equal to 10% of the initial aggregate principal balance of the Notes of both classes.
Credit Enhancement: The Trust will include the following mechanisms, each of which is intended to provide
credit support for the Notes:
1. Excess Interest Collections. For any Loan Group, its Excess Interest Collections
are the related investor interest collections minus the sum of (a) the interest
paid to the related class of Notes, (b) the servicing fee retained by the Master
Servicer for the Mortgage Loans in that Loan Group, and (c) the premium paid to
the Note Insurer allocable to that Loan Group. Investor Interest Collections from
a Loan Group will be available to cover losses on the Mortgage Loans in the
related Loan Group first and then, if necessary, in the unrelated Loan Group.
</TABLE>
Recipients must read the information contained in the attached statement on
page 2. Do not use or rely on this information if you have not received or
reviewed the statement. If you have not received the statement, call your
Countrywide Securities account representative for another copy. The collateral
and other information set forth in the Computational Materials supersedes any
previously distributed information relating to the securities discussed in
this communication and will be superseded by the information set forth in the
final prospectus supplement.
Page 8 of 11
<PAGE>
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-------------------------- Computational Materials for
SECURITIES CORPORATION CWHEQ Revolving Home Equity Loan Trust,
A Countrywide Capital Markets Company Series 2005-G
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <C>
2. Limited Subordination of Transferor Interest (Overcollateralization). A portion of
the Allocated Transferor Interest related to each Loan Group will be available to
provide limited protection against Investor Loss Amounts in such Loan Group (as
defined below) up to the Available Transferor Subordinated Amount for such Loan
Group and then, if necessary for the unrelated Loan Group. The "Available
Transferor Subordinated Amount" for each Loan Group is, for any Payment Date, the
lesser of the related Allocated Transferor Interest and the related Required
Transferor Subordinated Amount. The "Allocated Transferor Interest" for any
Payment Date, will equal (a) the related Loan Group Balance of the related Loan
Group at the last day of the related Collection Period and any amounts otherwise
payable on the Transferor Interest but retained in the Payment Account, minus (b)
the Note Principal Balance of the class of Notes related to that Loan Group (after
giving effect to the payment of all amounts actually paid on that class of Notes
on that Payment Date). Subject to any step-down or step-up as may be permitted or
required by the transaction documents, the "Required Transferor Subordinated
Amount" for each Loan Group will be (i) prior to the date on which the step-down
occurs, (x) [1.85]% of the Cutoff Date Balance of the related Mortgage Loans plus
(y) the OC Deficiency Amount of the unrelated Loan Group and (ii) on or after the
date on which the step-down occurs and so long as a trigger event is not in
effect, (x) [3.70]% of the then current unpaid principal balance of the related
Loan Group (subject to a floor equal to 0.50% of the Cut-off Date Balance of the
related Loan Group) plus (y) the OC Deficiency Amount of the unrelated Loan Group.
The Allocated Transferor Interest for each Loan Group will be less than zero on
the Closing Date. The term "OC Deficiency Amount" shall have the meaning assigned
to it in the Indenture, and shall generally be equal to the amount by which a
class of Notes is required to be paid down to achieve its overcollateralization
target.
The initial aggregate principal balance of each class of Notes will exceed the
aggregate Cutoff Date principal balance of the Mortgage Loans in the related Loan
Group transferred to the issuer on the closing date. This excess represents an
undercollateralization of approximately [1.25]% of the original principal balance
of each class of Notes.
3. Surety Wrap. The Note Insurer will issue a note insurance policy, which will
guarantee the timely payment of interest and the ultimate repayment of principal
to the holders of the Notes. The policy does not cover payment of Basis Risk
Carryforward.
Investor Loss Amounts: With respect to any Payment Date and each Class of Notes, the amount equal to the
product of (a) the applicable Investor Floating Allocation Percentage (as defined
below) for such Payment Date and such Class of Notes, and (b) the aggregate of the
Liquidation Loss Amounts for such Payment Date from Mortgage Loans in the relevant Loan
Group. The "Investor Floating Allocation Percentage," for any Payment Date and each
Loan Group shall be the lesser of 100% and a fraction, the numerator of which is the
related Note Principal Balance and the denominator of which is the Loan Group Balance
of the related Mortgage Loans at the beginning of the related Collection Period. The
"Loan Group Balance" for each Loan Group and any Payment Date is the aggregate of the
principal balances of the related Mortgage Loans as of the last day of the related
Collection Period (as may be adjusted by Loss Utilization Amounts as described in the
indenture). "Liquidation Loss Amounts" for any liquidated Mortgage Loan and any Payment
Date is the unrecovered principal balance of such Mortgage Loan at the end of the
Collection Period in which such Mortgage Loan became a liquidated Mortgage Loan, after
giving effect to its net liquidation proceeds.
ERISA Eligibility: Subject to the considerations in the prospectus supplement, the Notes are expected to
be eligible for purchase by certain ERISA plans. Prospective investors must review the
related prospectus
</TABLE>
Recipients must read the information contained in the attached statement on
page 2. Do not use or rely on this information if you have not received or
reviewed the statement. If you have not received the statement, call your
Countrywide Securities account representative for another copy. The collateral
and other information set forth in the Computational Materials supersedes any
previously distributed information relating to the securities discussed in
this communication and will be superseded by the information set forth in the
final prospectus supplement.
Page 9 of 11
<PAGE>
[LOGO OMITTED] Countrywide
-------------------------- Computational Materials for
SECURITIES CORPORATION CWHEQ Revolving Home Equity Loan Trust,
A Countrywide Capital Markets Company Series 2005-G
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <C>
and prospectus supplement and consult with their professional advisors for a more
detailed description of these matters prior to investing in the Notes.
SMMEA Treatment: The Notes will not constitute "mortgage related securities" for purposes of SMMEA.
[Collateral Tables and Discount Margin Tables to follow]
</TABLE>
Recipients must read the information contained in the attached statement on
page 2. Do not use or rely on this information if you have not received or
reviewed the statement. If you have not received the statement, call your
Countrywide Securities account representative for another copy. The collateral
and other information set forth in the Computational Materials supersedes any
previously distributed information relating to the securities discussed in
this communication and will be superseded by the information set forth in the
final prospectus supplement.
Page 10 of 11
<PAGE>
[LOGO OMITTED] Countrywide
-------------------------- Computational Materials for
SECURITIES CORPORATION CWHEQ Revolving Home Equity Loan Trust,
A Countrywide Capital Markets Company Series 2005-G
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Discount Margin Tables (%)
Class 2-A (To Call) (1)
-------------------------------------------------------------------------------------------------------------------------------
CPR 22% 25% 35% 40% 45% 50% 52%
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
DM @ 100-00 [23] [23] [23] [23] [23] [23] [23]
-------------------------------------------------------------------------------------------------------------------------------
WAL (yr) [4.96] [4.24] [2.68] [2.21] [1.85] [1.57] [1.47]
-------------------------------------------------------------------------------------------------------------------------------
MDUR (yr) [4.28] [3.72] [2.45] [2.05] [1.74] [1.48] [1.40]
-------------------------------------------------------------------------------------------------------------------------------
Principal Window
Beginning [Nov05] [Nov05] [Nov05] [Nov05] [Nov05] [Nov05] [Nov05]
-------------------------------------------------------------------------------------------------------------------------------
Principal Window
End [Jul16] [May15] [Apr12] [Apr11] [Jun10] [Sep09] [Jun09]
-------------------------------------------------------------------------------------------------------------------------------
(1) Based on a 10% draw rate.
Class 2-A (To Maturity) (1)
-------------------------------------------------------------------------------------------------------------------------------
CPR 22% 25% 35% 40% 45% 50% 52%
-------------------------------------------------------------------------------------------------------------------------------
DM @ 100-00 [23] [23] [23] [23] [23] [23] [23]
-------------------------------------------------------------------------------------------------------------------------------
WAL (yr) [5.22] [4.47] [2.88] [2.38] [2.00] [1.70] [1.60]
-------------------------------------------------------------------------------------------------------------------------------
MDUR (yr) [4.43] [3.86] [2.59] [2.18] [1.85] [1.59] [1.50]
-------------------------------------------------------------------------------------------------------------------------------
Principal Window
Beginning [Nov05] [Nov05] [Nov05] [Nov05] [Nov05] [Nov05] [Nov05]
-------------------------------------------------------------------------------------------------------------------------------
Principal Window
End [Jan25] [May23] [Oct18] [Jan17] [Jul15] [Apr14] [Oct13]
-------------------------------------------------------------------------------------------------------------------------------
(1) Based on a 10% draw rate.
</TABLE>
Recipients must read the information contained in the attached statement on
page 2. Do not use or rely on this information if you have not received or
reviewed the statement. If you have not received the statement, call your
Countrywide Securities account representative for another copy. The collateral
and other information set forth in the Computational Materials supersedes any
previously distributed information relating to the securities discussed in
this communication and will be superseded by the information set forth in the
final prospectus supplement.
Page 11 of 11
<PAGE>
Computational Materials for
[LOGO OMITTED] Countrywide
-------------------------- CWHEQ Revolving Home Equity Loan Trust,
SECURITIES CORPORATION
A Countrywide Capital Markets Company Series 2005-G
Group 2
------------------------------------------------------------------------------
$881,027,126
Summary of Loans in Statistic Calculation Pool
(As of Calculation Date)
<TABLE>
<CAPTION>
Range
-----
<S> <C> <C>
Aggregate Principal Balance $881,027,126
Aggregate Credit Limit $1,109,236,373
WA Coupon (Gross) 7.913% 3.990% to 14.000%
WA Margin (Gross) 1.577% -0.999% to 7.500%
WA Maximum Rate 17.909% 6.000% to 24.000%
Average Principal Balance $43,861 $1,000 to $1,994,926
Average Credit Limit $55,222 $6,300 to $2,000,000
WA Remaining Term To Scheduled Maturity (months) 292 73 to 355
WA Combined Loan-to-Value Ratio 83.81% 4.44% to 100.00%
AVG Credit Utilization Rate 80.62% 0.20% to 100.00%
Origination Period 3/29/2000 to 8/31/2005
Secured by (% of pool) 1st Liens 0.00%
2nd Liens 100.00%
WA Months to First Roll 1.07
WA FICO 723
WA Second Mortgage Ratio 23.06% 1.15% to 99.75%
</TABLE>
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
Top 5 States Top 5 Prop Doc Types Top 5 Appr Occ Codes Delinq Status
------------ ---------- --------- ---------- --------- -------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CA 49.89% SFR 72.44% REDUCED 37.53% 1004U 70.37% OO 95.57% Current 100.00%
VA 3.49% PUD 19.20% FULL 17.28% PRPVALU 11.05% INV 2.55%
FL 3.45% CND 6.11% ALT 16.84% 2055I 6.45% 2H 1.87%
WA 3.18% 2-4U 1.61% STREAML 16.31% 1073C 5.42%
MA 3.08% CNDP 0.59% SUPERST 12.04% 2055E 2.12%
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
------------------------------------------------------------------------------
Recipients must read the information contained in the attached statement. Do
not use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Countrywide
Securities account representative for another copy. The collateral information
set forth in the Computational Materials supersedes any previously distributed
collateral information relating to the securities discussed in this
communication and will be superseded by the information set forth in the final
offering materials.
Page A-1
<PAGE>
Computational Materials for
[LOGO OMITTED] Countrywide
-------------------------- CWHEQ Revolving Home Equity Loan Trust,
SECURITIES CORPORATION
A Countrywide Capital Markets Company Series 2005-G
Group 2
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
$881,027,126
----------------------------------------------------------------------------------------------------------------------------------
Loan Programs
----------------------------------------------------------------------------------------------------------------------------------
CURRENT # OF % OF AVERAGE GROSS REMG. COMBINED
DESCRIPTION BALANCE LOANS TOTAL BALANCE WAC TERM FICO LTV
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
HELOC 10YDR/20YRP $2,395,562 49 0.27 $48,889 7.145 353.44 721 88.2
HELOC 5YDR/5YRP $210,376 18 0.02 $11,688 8.426 93.81 733 87.2
HELOC 5YDR/10YRP $215,789 3 0.02 $71,930 7.463 168.95 707 66.8
HELOC 10YDR/15YRP $877,162,109 19,999 99.56 $43,860 7.914 292.10 723 83.8
HELOC 15YDR/0YRP $843,137 10 0.10 $84,314 8.689 162.02 722 84.3
HELOC 15YDR/10YRP $200,153 8 0.02 $25,019 8.191 278.28 710 81.2
----------------------------------------------------------------------------------------------------------------------------------
$881,027,126 20,087 100.00 $43,861 7.913 292.06 723 83.8
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Principal Balances
----------------------------------------------------------------------------------------------------------------------------------
CURRENT # OF % OF AVERAGE GROSS REMG. COMBINED
DESCRIPTION BALANCE LOANS TOTAL BALANCE WAC TERM FICO LTV
----------------------------------------------------------------------------------------------------------------------------------
$0.01 - $10,000.00 $25,867,012 3,699 2.94 $6,993 7.973 286.23 736 80.4
$10,000.01 - $20,000.00 $127,634,888 8,460 14.49 $15,087 8.100 287.91 724 83.3
$20,000.01 - $30,000.00 $16,973,101 729 1.93 $23,283 7.879 290.11 728 81.8
$30,000.01 - $40,000.00 $17,355,672 479 1.97 $36,233 7.704 289.76 725 81.1
$40,000.01 - $50,000.00 $49,375,989 1,082 5.60 $45,634 8.033 291.03 726 85.2
$50,000.01 - $60,000.00 $48,159,919 865 5.47 $55,676 8.097 291.94 723 86.2
$60,000.01 - $70,000.00 $46,238,250 710 5.25 $65,124 8.058 292.28 726 86.5
$70,000.01 - $80,000.00 $59,495,388 792 6.75 $75,120 8.206 292.89 720 88.7
$80,000.01 - $90,000.00 $49,006,227 576 5.56 $85,080 8.061 292.90 720 87.9
$90,000.01 - $100,000.00 $61,082,979 631 6.93 $96,803 7.851 290.93 716 84.1
$100,000.01 - $125,000.00 $73,451,874 646 8.34 $113,703 8.103 293.49 717 87.6
$125,000.01 - $150,000.00 $80,765,682 572 9.17 $141,199 7.929 292.69 715 83.9
$150,000.01 - $175,000.00 $31,609,902 194 3.59 $162,938 7.954 295.38 727 83.1
$175,000.01 - $200,000.00 $43,717,010 228 4.96 $191,741 7.683 293.94 728 80.4
$200,000.01 - $225,000.00 $13,742,941 64 1.56 $214,733 7.789 296.22 729 83.7
$225,000.01 - $250,000.00 $19,353,370 80 2.20 $241,917 7.519 294.65 728 82.1
$250,000.01 - $275,000.00 $7,917,427 30 0.90 $263,914 7.205 293.13 725 81.6
$275,000.01 - $300,000.00 $16,698,546 57 1.90 $292,957 7.250 293.03 734 75.4
$300,000.01 - $325,000.00 $8,804,352 28 1.00 $314,441 7.634 295.56 726 77.2
$325,000.01 - $350,000.00 $8,236,934 24 0.93 $343,206 7.568 294.58 714 79.4
$350,000.01 - $375,000.00 $7,245,853 20 0.82 $362,293 8.369 295.88 730 85.4
$375,000.01 - $400,000.00 $4,719,995 12 0.54 $393,333 7.284 293.23 728 77.5
$400,000.01 - $425,000.00 $5,825,572 14 0.66 $416,112 7.357 296.04 735 80.1
$425,000.01 - $450,000.00 $8,374,165 19 0.95 $440,746 6.950 293.97 730 77.4
$450,000.01 - $475,000.00 $3,242,580 7 0.37 $463,226 6.347 289.91 710 81.1
$475,000.01 - $500,000.00 $12,440,122 25 1.41 $497,605 7.811 294.17 732 79.0
$500,000.01 - $525,000.00 $2,063,148 4 0.23 $515,787 7.605 294.70 728 76.5
$525,000.01 - $550,000.00 $1,067,496 2 0.12 $533,748 7.747 298.52 742 84.9
$550,000.01 - $575,000.00 $2,831,771 5 0.32 $566,354 6.261 298.99 720 87.0
$575,000.01 - $600,000.00 $1,180,000 2 0.13 $590,000 6.691 298.51 786 67.7
$600,000.01 - $625,000.00 $1,832,962 3 0.21 $610,987 6.411 297.65 759 83.7
$625,000.01 - $650,000.00 $2,580,940 4 0.29 $645,235 7.372 297.75 731 77.5
$650,000.01 - $675,000.00 $667,400 1 0.08 $667,400 6.500 300.00 717 80.0
$675,000.01 - $700,000.00 $2,774,400 4 0.31 $693,600 7.467 298.50 723 72.8
$700,000.01 - $725,000.00 $1,422,260 2 0.16 $711,130 7.814 297.00 714 79.6
$725,000.01 - $750,000.00 $1,488,000 2 0.17 $744,000 6.689 292.98 785 77.2
</TABLE>
------------------------------------------------------------------------------
Recipients must read the information contained in the attached statement. Do
not use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Countrywide
Securities account representative for another copy. The collateral information
set forth in the Computational Materials supersedes any previously distributed
collateral information relating to the securities discussed in this
communication and will be superseded by the information set forth in the final
offering materials.
Page A-2
<PAGE>
Computational Materials for
[LOGO OMITTED] Countrywide
-------------------------- CWHEQ Revolving Home Equity Loan Trust,
SECURITIES CORPORATION
A Countrywide Capital Markets Company Series 2005-G
Group 2
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
$881,027,126
----------------------------------------------------------------------------------------------------------------------------------
Principal Balances
----------------------------------------------------------------------------------------------------------------------------------
CURRENT # OF % OF AVERAGE GROSS REMG. COMBINED
DESCRIPTION BALANCE LOANS TOTAL BALANCE WAC TERM FICO LTV
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
$750,000.01 - $775,000.00 $760,000 1 0.09 $760,000 7.750 297.00 682 86.5
$775,000.01 - $800,000.00 $2,380,019 3 0.27 $793,340 7.677 292.33 727 62.2
$800,000.01 - $825,000.00 $817,500 1 0.09 $817,500 8.500 299.00 737 90.0
$825,000.01 - $850,000.00 $832,000 1 0.09 $832,000 6.500 295.00 712 80.0
$900,000.01 - $925,000.00 $915,000 1 0.10 $915,000 10.125 297.00 690 88.7
$975,000.01 - $1,000,000.00 $2,999,999 3 0.34 $1,000,000 6.833 298.67 724 62.7
> $1,000,000.00 $7,078,476 5 0.80 $1,415,695 7.364 296.25 712 74.4
----------------------------------------------------------------------------------------------------------------------------------
$881,027,126 20,087 100.00 $43,861 7.913 292.06 723 83.8
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Mortgage Rates
----------------------------------------------------------------------------------------------------------------------------------
CURRENT # OF % OF AVERAGE GROSS REMG. COMBINED
DESCRIPTION BALANCE LOANS TOTAL BALANCE WAC TERM FICO LTV
----------------------------------------------------------------------------------------------------------------------------------
3.501 - 4.000 $16,514,778 471 1.87 $35,063 3.990 299.99 717 82.4
4.001 - 4.500 $597,886 12 0.07 $49,824 4.383 294.72 700 91.6
4.501 - 5.000 $6,591,483 109 0.75 $60,472 4.961 297.94 723 90.9
5.001 - 5.500 $4,335,337 63 0.49 $68,815 5.250 299.16 724 90.5
5.501 - 6.000 $5,114,349 75 0.58 $68,191 5.916 296.99 752 77.4
6.001 - 6.500 $137,914,886 2,693 15.65 $51,212 6.470 291.73 741 75.9
6.501 - 7.000 $148,054,219 2,826 16.80 $52,390 6.895 290.02 722 76.0
7.001 - 7.500 $86,572,862 1,011 9.83 $85,631 7.374 293.31 718 79.5
7.501 - 8.000 $61,234,960 1,576 6.95 $38,855 7.824 292.52 720 79.9
8.001 - 8.500 $105,823,597 3,960 12.01 $26,723 8.363 289.14 730 87.7
8.501 - 9.000 $137,498,072 3,704 15.61 $37,122 8.818 291.43 722 90.4
9.001 - 9.500 $75,680,224 1,471 8.59 $51,448 9.314 293.58 710 90.4
9.501 - 10.000 $49,305,422 1,209 5.60 $40,782 9.896 294.26 708 94.4
10.001 - 10.500 $17,764,876 448 2.02 $39,654 10.275 294.73 708 92.2
10.501 - 11.000 $13,996,378 261 1.59 $53,626 10.855 294.38 712 96.0
11.001 - 11.500 $9,082,541 129 1.03 $70,407 11.273 297.95 723 96.9
11.501 - 12.000 $3,673,582 53 0.42 $69,313 11.786 297.80 712 95.8
12.001 - 12.500 $906,465 13 0.10 $69,728 12.258 298.39 699 95.9
12.501 - 13.000 $108,000 1 0.01 $108,000 12.625 297.00 769 95.0
> 13.000 $257,209 2 0.03 $128,605 13.946 286.43 680 98.8
----------------------------------------------------------------------------------------------------------------------------------
$881,027,126 20,087 100.00 $43,861 7.913 292.06 723 83.8
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Months Remaining to Maturity
----------------------------------------------------------------------------------------------------------------------------------
CURRENT # OF % OF AVERAGE GROSS REMG. COMBINED
DESCRIPTION BALANCE LOANS TOTAL BALANCE WAC TERM FICO LTV
----------------------------------------------------------------------------------------------------------------------------------
73 - 84 $32,169 3 0.00 $10,723 8.361 76.35 714 85.8
85 - 96 $72,773 5 0.01 $14,555 8.315 88.75 720 84.1
97 - 108 $105,435 10 0.01 $10,543 8.523 102.63 748 89.7
121 - 132 $117,419 1 0.01 $117,419 6.750 128.00 698 79.5
145 - 156 $49,530 1 0.01 $49,530 7.000 151.00 683 75.8
157 - 168 $424,326 6 0.05 $70,721 8.667 162.93 726 76.7
169 - 180 $467,650 5 0.05 $93,530 8.809 174.11 721 85.3
229 - 240 $11,664 1 0.00 $11,664 8.375 235.00 780 89.9
</TABLE>
------------------------------------------------------------------------------
Recipients must read the information contained in the attached statement. Do
not use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Countrywide
Securities account representative for another copy. The collateral information
set forth in the Computational Materials supersedes any previously distributed
collateral information relating to the securities discussed in this
communication and will be superseded by the information set forth in the final
offering materials.
Page A-3
<PAGE>
Computational Materials for
[LOGO OMITTED] Countrywide
-------------------------- CWHEQ Revolving Home Equity Loan Trust,
SECURITIES CORPORATION
A Countrywide Capital Markets Company Series 2005-G
Group 2
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
$881,027,126
----------------------------------------------------------------------------------------------------------------------------------
Months Remaining to Maturity
----------------------------------------------------------------------------------------------------------------------------------
CURRENT # OF % OF AVERAGE GROSS REMG. COMBINED
DESCRIPTION BALANCE LOANS TOTAL BALANCE WAC TERM FICO LTV
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
241 - 252 $768,962 30 0.09 $25,632 7.426 250.26 729 79.8
253 - 264 $3,635,620 157 0.41 $23,157 7.405 257.59 732 74.4
265 - 276 $64,974,124 2,470 7.37 $26,305 7.597 272.49 731 78.8
277 - 288 $186,652,971 5,875 21.19 $31,771 7.944 284.01 721 82.6
289 - 300 $621,318,920 11,474 70.52 $54,150 7.942 296.83 723 84.7
349 - 360 $2,395,562 49 0.27 $48,889 7.145 353.44 721 88.2
----------------------------------------------------------------------------------------------------------------------------------
$881,027,126 20,087 100.00 $43,861 7.913 292.06 723 83.8
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Combined Loan-to-Value Ratios
----------------------------------------------------------------------------------------------------------------------------------
CURRENT # OF % OF AVERAGE GROSS REMG. COMBINED
DESCRIPTION BALANCE LOANS TOTAL BALANCE WAC TERM FICO LTV
----------------------------------------------------------------------------------------------------------------------------------
0.01 - 10.00 $200,000 1 0.02 $200,000 6.500 295.00 721 4.4
10.01 - 20.00 $85,000 1 0.01 $85,000 6.750 299.00 706 18.1
20.01 - 30.00 $2,006,655 8 0.23 $250,832 6.657 294.47 740 25.7
30.01 - 40.00 $4,609,882 198 0.52 $23,282 6.804 287.51 745 35.6
40.01 - 50.00 $13,902,019 413 1.58 $33,661 6.814 288.62 741 46.3
50.01 - 60.00 $25,703,318 706 2.92 $36,407 6.915 290.04 730 56.0
60.01 - 70.00 $90,951,230 2,054 10.32 $44,280 6.855 290.21 731 67.0
70.01 - 80.00 $189,296,088 3,701 21.49 $51,147 7.158 290.74 721 77.7
80.01 - 90.00 $375,263,677 9,269 42.59 $40,486 8.239 292.04 722 88.6
90.01 - 100.00 $179,009,258 3,736 20.32 $47,915 8.837 295.09 720 97.8
----------------------------------------------------------------------------------------------------------------------------------
$881,027,126 20,087 100.00 $43,861 7.913 292.06 723 83.8
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Geographic Distribution
----------------------------------------------------------------------------------------------------------------------------------
CURRENT # OF % OF AVERAGE GROSS REMG. COMBINED
DESCRIPTION BALANCE LOANS TOTAL BALANCE WAC TERM FICO LTV
----------------------------------------------------------------------------------------------------------------------------------
AK $382,980 22 0.04 $17,408 8.004 293.57 726 84.2
AL $7,289,228 371 0.83 $19,648 8.265 288.39 720 85.7
AR $18,750 1 0.00 $18,750 6.250 300.00 663 95.0
AZ $17,140,765 524 1.95 $32,711 8.126 292.55 719 86.0
CA $439,543,736 4,739 49.89 $92,750 7.867 293.26 723 83.3
CO $23,053,675 608 2.62 $37,917 7.833 289.41 725 85.8
CT $13,640,080 254 1.55 $53,701 7.927 293.40 722 80.0
DC $1,181,531 27 0.13 $43,760 8.020 292.81 709 86.5
DE $1,399,330 36 0.16 $38,870 7.691 296.10 742 86.7
FL $30,423,740 878 3.45 $34,651 8.109 290.83 721 82.4
GA $11,284,668 467 1.28 $24,164 8.096 288.35 725 86.1
HI $3,466,040 79 0.39 $43,874 7.858 292.26 731 80.9
IA $2,191,755 166 0.25 $13,203 8.444 289.37 722 89.0
ID $4,904,884 283 0.56 $17,332 8.062 289.88 733 85.2
IL $21,012,595 668 2.39 $31,456 7.975 291.03 728 84.4
IN $8,810,491 538 1.00 $16,376 8.262 288.13 725 86.5
KS $3,970,634 240 0.45 $16,544 8.263 290.02 726 88.8
KY $5,483,617 285 0.62 $19,241 8.322 289.88 729 87.0
LA $2,624,978 161 0.30 $16,304 8.041 282.89 727 83.5
</TABLE>
------------------------------------------------------------------------------
Recipients must read the information contained in the attached statement. Do
not use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Countrywide
Securities account representative for another copy. The collateral information
set forth in the Computational Materials supersedes any previously distributed
collateral information relating to the securities discussed in this
communication and will be superseded by the information set forth in the final
offering materials.
Page A-4
<PAGE>
Computational Materials for
[LOGO OMITTED] Countrywide
-------------------------- CWHEQ Revolving Home Equity Loan Trust,
SECURITIES CORPORATION
A Countrywide Capital Markets Company Series 2005-G
Group 2
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
$881,027,126
----------------------------------------------------------------------------------------------------------------------------------
Geographic Distribution
----------------------------------------------------------------------------------------------------------------------------------
CURRENT # OF % OF AVERAGE GROSS REMG. COMBINED
DESCRIPTION BALANCE LOANS TOTAL BALANCE WAC TERM FICO LTV
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
MA $27,108,765 462 3.08 $58,677 7.734 291.84 724 81.6
MD $15,895,508 353 1.80 $45,030 7.824 293.71 725 82.6
ME $1,847,138 104 0.21 $17,761 7.629 289.66 728 77.4
MI $16,509,822 880 1.87 $18,761 7.899 290.83 722 84.4
MN $7,736,831 307 0.88 $25,201 7.766 288.52 730 81.2
MO $9,169,632 525 1.04 $17,466 8.012 288.95 723 84.3
MS $1,363,226 90 0.15 $15,147 8.595 288.14 725 86.9
MT $1,091,759 61 0.12 $17,898 8.095 282.90 737 78.0
NC $8,337,788 451 0.95 $18,487 8.122 288.36 731 87.8
ND $332,382 21 0.04 $15,828 8.786 292.18 721 91.6
NE $741,091 44 0.08 $16,843 7.759 286.53 726 83.4
NH $2,369,174 84 0.27 $28,204 7.923 290.69 725 84.6
NJ $22,934,929 500 2.60 $45,870 7.740 292.35 722 81.6
NM $2,637,291 123 0.30 $21,441 7.702 291.19 718 77.1
NV $9,915,681 207 1.13 $47,902 8.153 289.53 712 85.0
NY $19,391,248 357 2.20 $54,317 7.774 294.84 718 83.2
OH $14,307,664 844 1.62 $16,952 8.122 289.38 723 86.1
OK $3,897,880 256 0.44 $15,226 8.071 288.40 715 85.9
OR $8,942,336 321 1.01 $27,858 8.025 289.51 724 83.7
PA $15,575,117 868 1.77 $17,944 8.076 289.69 725 84.9
RI $1,811,455 52 0.21 $34,836 7.314 292.26 723 79.0
SC $3,149,082 152 0.36 $20,718 7.957 286.22 726 84.6
SD $421,703 28 0.05 $15,061 8.273 282.84 733 85.9
TN $7,003,222 360 0.79 $19,453 8.043 288.99 721 88.4
TX $2,136,567 84 0.24 $25,435 7.720 292.79 728 87.1
UT $8,254,388 286 0.94 $28,861 7.985 288.57 721 85.7
VA $30,746,368 606 3.49 $50,737 7.912 293.46 723 86.1
VT $296,030 17 0.03 $17,414 7.815 291.94 707 79.3
WA $27,987,924 633 3.18 $44,215 7.838 292.47 725 86.7
WI $8,846,801 554 1.00 $15,969 8.069 289.36 727 84.5
WV $1,269,555 63 0.14 $20,152 7.955 261.49 714 85.8
WY $1,175,290 47 0.13 $25,006 7.874 289.29 730 78.3
----------------------------------------------------------------------------------------------------------------------------------
$881,027,126 20,087 100.00 $43,861 7.913 292.06 723 83.8
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
FICO Ranges
----------------------------------------------------------------------------------------------------------------------------------
CURRENT # OF % OF AVERAGE GROSS REMG. COMBINED
DESCRIPTION BALANCE LOANS TOTAL BALANCE WAC TERM FICO LTV
----------------------------------------------------------------------------------------------------------------------------------
821 - 840 $2,103,406 89 0.24 $23,634 7.072 290.88 829 67.6
801 - 820 $28,086,761 701 3.19 $40,067 7.507 293.00 807 77.8
781 - 800 $110,026,799 2,265 12.49 $48,577 7.470 291.52 789 81.7
761 - 780 $64,740,622 2,117 7.35 $30,581 7.736 291.47 773 82.3
741 - 760 $45,832,368 1,992 5.20 $23,008 8.222 292.16 750 86.0
721 - 740 $63,713,163 2,222 7.23 $28,674 8.168 292.34 728 86.3
701 - 720 $285,571,243 4,691 32.41 $60,876 7.872 292.33 710 84.6
681 - 700 $187,411,945 3,305 21.27 $56,706 7.982 291.93 691 84.0
661 - 680 $83,762,336 1,994 9.51 $42,007 8.334 291.79 675 84.3
641 - 660 $6,029,836 439 0.68 $13,735 8.523 294.35 652 83.8
</TABLE>
------------------------------------------------------------------------------
Recipients must read the information contained in the attached statement. Do
not use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Countrywide
Securities account representative for another copy. The collateral information
set forth in the Computational Materials supersedes any previously distributed
collateral information relating to the securities discussed in this
communication and will be superseded by the information set forth in the final
offering materials.
Page A-5
<PAGE>
Computational Materials for
[LOGO OMITTED] Countrywide
-------------------------- CWHEQ Revolving Home Equity Loan Trust,
SECURITIES CORPORATION
A Countrywide Capital Markets Company Series 2005-G
Group 2
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
$881,027,126
----------------------------------------------------------------------------------------------------------------------------------
FICO Ranges
----------------------------------------------------------------------------------------------------------------------------------
CURRENT # OF % OF AVERAGE GROSS REMG. COMBINED
DESCRIPTION BALANCE LOANS TOTAL BALANCE WAC TERM FICO LTV
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
621 - 640 $3,558,585 259 0.40 $13,740 8.622 294.79 631 82.4
601 - 620 $159,685 11 0.02 $14,517 8.189 294.59 620 87.6
581 - 600 $30,378 2 0.00 $15,189 9.393 327.27 588 95.6
----------------------------------------------------------------------------------------------------------------------------------
$881,027,126 20,087 100.00 $43,861 7.913 292.06 723 83.8
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Property Type Group
----------------------------------------------------------------------------------------------------------------------------------
CURRENT # OF % OF AVERAGE GROSS REMG. COMBINED
DESCRIPTION BALANCE LOANS TOTAL BALANCE WAC TERM FICO LTV
----------------------------------------------------------------------------------------------------------------------------------
SFR $638,193,341 15,546 72.44 $41,052 7.885 291.71 723 83.1
PUD $169,129,127 2,755 19.20 $61,390 7.880 292.74 721 85.2
CND $53,830,089 1,450 6.11 $37,124 8.168 293.49 728 87.2
2-4U $14,159,772 225 1.61 $62,932 8.478 293.84 729 86.8
CNDP $5,167,954 87 0.59 $59,402 8.260 294.49 731 84.2
MNF $546,842 24 0.06 $22,785 7.048 286.11 718 75.5
----------------------------------------------------------------------------------------------------------------------------------
$881,027,126 20,087 100.00 $43,861 7.913 292.06 723 83.8
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Gross Margins
----------------------------------------------------------------------------------------------------------------------------------
CURRENT # OF % OF AVERAGE GROSS REMG. COMBINED
DESCRIPTION BALANCE LOANS TOTAL BALANCE WAC TERM FICO LTV
----------------------------------------------------------------------------------------------------------------------------------
<= 0.000 $128,486,689 2,416 14.58 $53,182 6.378 290.99 745 73.8
0.001 - 0.250 $30,213,226 534 3.43 $56,579 6.613 292.37 708 69.4
0.251 - 0.500 $125,710,029 2,464 14.27 $51,019 6.823 290.07 725 77.7
0.501 - 0.750 $29,032,499 377 3.30 $77,009 7.061 292.53 716 77.5
0.751 - 1.000 $62,298,242 701 7.07 $88,871 7.372 294.14 718 80.9
1.001 - 1.250 $32,000,538 909 3.63 $35,204 7.587 293.51 720 77.1
1.251 - 1.500 $32,818,881 754 3.73 $43,526 7.733 292.28 720 83.5
1.501 - 1.750 $23,417,994 541 2.66 $43,286 7.977 292.96 719 84.8
1.751 - 2.000 $89,022,607 3,617 10.10 $24,612 8.236 288.89 733 88.7
2.001 - 2.250 $72,971,026 1,901 8.28 $38,386 8.477 290.20 713 88.4
2.251 - 2.500 $73,908,252 2,058 8.39 $35,913 8.787 293.67 731 92.5
2.501 - 2.750 $43,125,052 699 4.89 $61,695 9.082 292.95 704 90.2
2.751 - 3.000 $35,511,723 835 4.03 $42,529 9.274 294.82 718 91.1
3.001 - 3.250 $15,087,609 286 1.71 $52,754 9.477 294.74 715 92.1
3.251 - 3.500 $38,254,371 1,008 4.34 $37,951 9.617 294.64 705 95.5
3.501 - 3.750 $12,425,450 363 1.41 $34,230 9.801 294.48 711 91.9
3.751 - 4.000 $7,013,307 120 0.80 $58,444 9.977 296.31 702 93.6
4.001 - 4.250 $5,615,083 152 0.64 $36,941 10.497 293.66 718 94.9
4.251 - 4.500 $9,342,395 126 1.06 $74,146 10.463 295.35 707 96.7
4.501 - 4.750 $6,940,566 112 0.79 $61,969 10.838 298.00 720 96.9
4.751 - 5.000 $2,537,838 33 0.29 $76,904 11.405 298.11 724 96.8
5.001 - 5.250 $2,821,835 26 0.32 $108,532 11.234 298.69 726 95.1
5.251 - 5.500 $1,135,524 34 0.13 $33,398 11.485 295.92 688 96.7
5.501 - 5.750 $715,851 10 0.08 $71,585 12.058 298.47 693 96.5
5.751 - 6.000 $238,330 6 0.03 $39,722 11.202 298.49 707 94.4
6.001 - 6.250 $108,000 1 0.01 $108,000 12.625 297.00 769 95.0
</TABLE>
------------------------------------------------------------------------------
Recipients must read the information contained in the attached statement. Do
not use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Countrywide
Securities account representative for another copy. The collateral information
set forth in the Computational Materials supersedes any previously distributed
collateral information relating to the securities discussed in this
communication and will be superseded by the information set forth in the final
offering materials.
Page A-6
<PAGE>
Computational Materials for
[LOGO OMITTED] Countrywide
-------------------------- CWHEQ Revolving Home Equity Loan Trust,
SECURITIES CORPORATION
A Countrywide Capital Markets Company Series 2005-G
Group 2
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
$881,027,126
----------------------------------------------------------------------------------------------------------------------------------
Gross Margins
----------------------------------------------------------------------------------------------------------------------------------
CURRENT # OF % OF AVERAGE GROSS REMG. COMBINED
DESCRIPTION BALANCE LOANS TOTAL BALANCE WAC TERM FICO LTV
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
6.501 - 6.750 $35,500 3 0.00 $11,833 8.816 295.83 678 88.9
7.251 - 7.500 $238,709 1 0.03 $238,709 14.000 286.00 678 99.9
----------------------------------------------------------------------------------------------------------------------------------
1.577 $881,027,126 20,087 100.00 $43,861 7.913 292.06 723 83.8
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Utilization Range
----------------------------------------------------------------------------------------------------------------------------------
CURRENT # OF % OF AVERAGE GROSS REMG. COMBINED
DESCRIPTION BALANCE LOANS TOTAL BALANCE WAC TERM FICO LTV
----------------------------------------------------------------------------------------------------------------------------------
0.01 - 10.00 $2,203,947 434 0.25 $5,078 7.271 289.29 748 74.2
10.01 - 20.00 $6,571,795 633 0.75 $10,382 7.165 290.14 752 75.5
20.01 - 30.00 $10,753,321 691 1.22 $15,562 7.195 290.68 740 75.0
30.01 - 40.00 $15,298,342 799 1.74 $19,147 7.153 289.56 739 74.6
40.01 - 50.00 $21,980,422 889 2.49 $24,725 7.221 291.04 736 77.3
50.01 - 60.00 $23,096,621 909 2.62 $25,409 7.355 290.81 728 76.3
60.01 - 70.00 $32,359,266 1,042 3.67 $31,055 7.270 289.35 736 75.4
70.01 - 80.00 $39,287,242 1,089 4.46 $36,076 7.450 289.32 723 77.9
80.01 - 90.00 $50,857,676 1,450 5.77 $35,074 7.476 287.77 726 78.0
90.01 - 100.00 $678,618,495 12,151 77.03 $55,849 8.082 292.85 721 85.9
----------------------------------------------------------------------------------------------------------------------------------
$881,027,126 20,087 100.00 $43,861 7.913 292.06 723 83.8
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Lifetime Rate Cap
----------------------------------------------------------------------------------------------------------------------------------
CURRENT # OF % OF AVERAGE GROSS REMG. COMBINED
DESCRIPTION BALANCE LOANS TOTAL BALANCE WAC TERM FICO LTV
----------------------------------------------------------------------------------------------------------------------------------
6.000 $60,516 2 0.01 $30,258 6.000 276.04 692 82.2
6.250 $18,750 1 0.00 $18,750 6.250 300.00 663 95.0
8.750 $39,494 3 0.00 $13,165 8.233 257.38 746 81.2
13.000 $10,710 1 0.00 $10,710 9.750 283.00 672 90.0
16.000 $24,122,298 693 2.74 $34,809 7.860 294.91 723 85.0
17.000 $32,623,419 963 3.70 $33,877 8.081 290.96 722 82.7
18.000 $823,787,621 18,419 93.50 $44,725 7.907 292.08 723 83.8
24.000 $364,318 5 0.04 $72,864 8.942 162.75 730 77.8
----------------------------------------------------------------------------------------------------------------------------------
17.909 $881,027,126 20,087 100.00 $43,861 7.913 292.06 723 83.8
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Draw Limit Range
----------------------------------------------------------------------------------------------------------------------------------
CURRENT # OF % OF AVERAGE GROSS REMG. COMBINED
DESCRIPTION BALANCE LOANS TOTAL BALANCE WAC TERM FICO LTV
----------------------------------------------------------------------------------------------------------------------------------
$0.01 - $10,000.00 $9,445,473 1,219 1.07 $7,749 8.532 285.63 722 86.4
$10,000.01 - $20,000.00 $104,989,857 7,833 11.92 $13,404 8.258 287.57 722 84.6
$20,000.01 - $30,000.00 $31,891,929 2,049 3.62 $15,565 7.778 288.16 731 80.3
$30,000.01 - $40,000.00 $14,404,633 776 1.63 $18,563 7.713 290.55 730 81.2
$40,000.01 - $50,000.00 $49,290,750 1,452 5.59 $33,947 8.034 290.87 726 84.5
$50,000.01 - $60,000.00 $43,660,492 915 4.96 $47,716 8.208 292.17 724 87.5
$60,000.01 - $70,000.00 $42,393,490 765 4.81 $55,416 8.198 292.80 726 87.9
</TABLE>
------------------------------------------------------------------------------
Recipients must read the information contained in the attached statement. Do
not use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Countrywide
Securities account representative for another copy. The collateral information
set forth in the Computational Materials supersedes any previously distributed
collateral information relating to the securities discussed in this
communication and will be superseded by the information set forth in the final
offering materials.
Page A-7
<PAGE>
Computational Materials for
[LOGO OMITTED] Countrywide
-------------------------- CWHEQ Revolving Home Equity Loan Trust,
SECURITIES CORPORATION
A Countrywide Capital Markets Company Series 2005-G
Group 2
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
$881,027,126
----------------------------------------------------------------------------------------------------------------------------------
Draw Limit Range
----------------------------------------------------------------------------------------------------------------------------------
CURRENT # OF % OF AVERAGE GROSS REMG. COMBINED
DESCRIPTION BALANCE LOANS TOTAL BALANCE WAC TERM FICO LTV
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
$70,000.01 - $80,000.00 $57,105,179 871 6.48 $65,563 8.276 292.86 721 89.2
$80,000.01 - $90,000.00 $47,374,295 639 5.38 $74,138 8.157 292.61 720 89.1
$90,000.01 - $100,000.00 $75,947,032 1,030 8.62 $73,735 7.702 290.40 718 81.9
$100,000.01 - $125,000.00 $64,612,634 626 7.33 $103,215 8.245 294.25 718 89.7
$125,000.01 - $150,000.00 $89,951,853 749 10.21 $120,096 7.884 291.75 715 83.3
$150,000.01 - $175,000.00 $30,110,583 211 3.42 $142,704 8.112 295.75 724 86.2
$175,000.01 - $200,000.00 $51,326,245 338 5.83 $151,853 7.590 293.77 729 78.9
$200,000.01 - $225,000.00 $12,451,028 75 1.41 $166,014 7.688 295.80 729 84.7
$225,000.01 - $250,000.00 $23,760,819 131 2.70 $181,380 7.353 294.83 728 79.2
$250,000.01 - $275,000.00 $8,369,797 39 0.95 $214,610 7.317 291.80 723 81.3
$275,000.01 - $300,000.00 $18,584,307 87 2.11 $213,613 7.159 292.42 735 76.0
$300,000.01 - $325,000.00 $6,306,308 26 0.72 $242,550 7.835 295.71 730 79.6
$325,000.01 - $350,000.00 $8,931,796 33 1.01 $270,660 7.621 296.72 717 79.7
$350,000.01 - $375,000.00 $7,031,171 21 0.80 $334,818 8.362 295.34 736 84.9
$375,000.01 - $400,000.00 $6,792,913 28 0.77 $242,604 7.228 292.44 727 74.5
$400,000.01 - $425,000.00 $4,475,739 15 0.51 $298,383 7.361 297.25 734 83.9
$425,000.01 - $450,000.00 $7,317,381 18 0.83 $406,521 7.035 291.92 728 76.0
$450,000.01 - $475,000.00 $3,398,928 10 0.39 $339,893 6.407 294.88 711 82.0
$475,000.01 - $500,000.00 $19,435,063 58 2.21 $335,087 7.458 292.06 732 77.5
$500,000.01 - $525,000.00 $2,094,146 6 0.24 $349,024 7.718 295.49 731 77.2
$525,000.01 - $550,000.00 $1,280,134 3 0.15 $426,711 7.665 298.76 737 84.5
$550,000.01 - $575,000.00 $3,393,473 7 0.39 $484,782 6.390 298.61 717 84.2
$575,000.01 - $600,000.00 $3,200,605 7 0.36 $457,229 7.236 297.83 755 75.6
$600,000.01 - $625,000.00 $620,000 1 0.07 $620,000 5.750 295.00 706 90.0
$625,000.01 - $650,000.00 $3,357,498 7 0.38 $479,643 7.068 297.55 733 78.2
$650,000.01 - $675,000.00 $667,400 1 0.08 $667,400 6.500 300.00 717 80.0
$675,000.01 - $700,000.00 $3,990,434 8 0.45 $498,804 7.478 298.12 726 75.4
$700,000.01 - $725,000.00 $1,422,260 2 0.16 $711,130 7.814 297.00 714 79.6
$725,000.01 - $750,000.00 $1,899,474 3 0.22 $633,158 6.919 294.06 784 72.0
$750,000.01 - $775,000.00 $760,000 1 0.09 $760,000 7.750 297.00 682 86.5
$775,000.01 - $800,000.00 $2,796,138 5 0.32 $559,228 7.752 294.44 717 80.5
$800,000.01 - $825,000.00 $1,177,500 2 0.13 $588,750 8.041 299.31 727 87.2
$825,000.01 - $850,000.00 $1,032,000 2 0.12 $516,000 6.645 295.58 709 76.8
$875,000.01 - $900,000.00 $274,942 1 0.03 $274,942 6.875 290.00 708 60.0
$900,000.01 - $925,000.00 $1,024,048 2 0.12 $512,024 9.779 295.62 700 86.5
$975,000.01 - $1,000,000.00 $3,583,127 6 0.41 $597,188 6.907 298.72 719 62.4
> $1,000,000.00 $9,094,257 9 1.03 $1,010,473 7.112 296.35 727 71.8
----------------------------------------------------------------------------------------------------------------------------------
$881,027,126 20,087 100.00 $43,861 7.913 292.06 723 83.8
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Lien Type
----------------------------------------------------------------------------------------------------------------------------------
CURRENT # OF % OF AVERAGE GROSS REMG. COMBINED
DESCRIPTION BALANCE LOANS TOTAL BALANCE WAC TERM FICO LTV
Second $881,027,126 20,087 100.00 $43,861 7.913 292.06 723 83.8
----------------------------------------------------------------------------------------------------------------------------------
$881,027,126 20,087 100.00 $43,861 7.913 292.06 723 83.8
</TABLE>
------------------------------------------------------------------------------
Recipients must read the information contained in the attached statement. Do
not use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Countrywide
Securities account representative for another copy. The collateral information
set forth in the Computational Materials supersedes any previously distributed
collateral information relating to the securities discussed in this
communication and will be superseded by the information set forth in the final
offering materials.
Page A-8
<PAGE>
Computational Materials for
[LOGO OMITTED] Countrywide
-------------------------- CWHEQ Revolving Home Equity Loan Trust,
SECURITIES CORPORATION
A Countrywide Capital Markets Company Series 2005-G
Group 2
------------------------------------------------------------------------------
<TABLE>
<CAPTION>
$881,027,126
----------------------------------------------------------------------------------------------------------------------------------
Delinquency Status
----------------------------------------------------------------------------------------------------------------------------------
CURRENT # OF % OF AVERAGE GROSS REMG. COMBINED
DESCRIPTION BALANCE LOANS TOTAL BALANCE WAC TERM FICO LTV
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Current $881,027,126 20,087 100.00 $43,861 7.913 292.06 723 83.8
----------------------------------------------------------------------------------------------------------------------------------
$881,027,126 20,087 100.00 $43,861 7.913 292.06 723 83.8
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Origination Year
----------------------------------------------------------------------------------------------------------------------------------
CURRENT # OF % OF AVERAGE GROSS REMG. COMBINED
DESCRIPTION BALANCE LOANS TOTAL BALANCE WAC TERM FICO LTV
----------------------------------------------------------------------------------------------------------------------------------
2000 $40,574 2 0.00 $20,287 7.039 239.99 780 87.7
2001 $1,911,821 77 0.22 $24,829 7.469 244.44 725 80.0
2002 $9,929,433 395 1.13 $25,138 7.562 263.88 738 77.1
2003 $82,777,216 3,147 9.40 $26,304 7.685 274.64 729 79.4
2004 $224,209,011 6,755 25.45 $33,192 7.943 285.98 719 82.5
2005 $562,159,070 9,711 63.81 $57,889 7.942 297.72 724 85.1
----------------------------------------------------------------------------------------------------------------------------------
$881,027,126 20,087 100.00 $43,861 7.913 292.06 723 83.8
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
------------------------------------------------------------------------------
Recipients must read the information contained in the attached statement. Do
not use or rely on this information if you have not received or reviewed the
statement. If you have not received the statement, call your Countrywide
Securities account representative for another copy. The collateral information
set forth in the Computational Materials supersedes any previously distributed
collateral information relating to the securities discussed in this
communication and will be superseded by the information set forth in the final
offering materials.
Page A-9
</TEXT>
</DOCUMENT>