EX-99.1 2 d408641_ex99-1.htm CHARACTERISTICS OF THE MORTGAGE LOANS

Mortgage Loan Statistics

The following information sets forth in tabular format certain information, as of the Statistical Calculation Date, about the Statistical Calculation Pool Mortgage Loans included in the Statistical Calculation Pool. Other than with respect to rates of interest, percentages are approximate and are stated by the Statistical Calculation Pool Principal Balance. The sum of the columns below may not equal the total indicated due to rounding.

Mortgage Loan Programs for the Mortgage Loans

in Loan Group 1

Loan Programs

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted
Average
Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

30Y LIB6M

 

$

        250,232

 

      2

 

    0.07

%

 

$

    125,116

 

    7.600

%

 

   355.66

 

   631

 

  86.4

%

1/29 LIB6M

 

 

     6,014,961

 

    28

 

    1.71

 

 

 

    214,820

 

    7.251

 

 

   355.21

 

   606

 

  81.7

 

2/28 LIB6M

 

 

 134,061,176

 

  736

 

  38.09

 

 

 

    182,148

 

    7.482

 

 

   355.76

 

   594

 

  77.0

 

2/28 LIB6M - IO - 120

 

 

     4,874,141

 

    23

 

    1.38

 

 

 

    211,919

 

    6.951

 

 

   356.79

 

   652

 

  84.0

 

2/28 LIB6M - IO - 24

 

 

   14,290,904

 

    60

 

    4.06

 

 

 

    238,182

 

    7.008

 

 

   354.51

 

   625

 

  82.7

 

2/28 LIB6M - IO - 60

 

 

   65,607,881

 

  301

 

  18.64

 

 

 

    217,966

 

    6.752

 

 

   355.48

 

   626

 

  78.1

 

2/28 LIB6M - 40/30 Balloon

 

 

          63,119

 

      1

 

    0.02

 

 

 

      63,119

 

    6.590

 

 

   357.00

 

   585

 

  80.0

 

3/27 LIB6M

 

 

   16,805,693

 

    99

 

    4.77

 

 

 

    169,754

 

    7.639

 

 

   354.94

 

   608

 

  79.3

 

3/27 LIB6M - IO - 36

 

 

     1,432,853

 

      8

 

    0.41

 

 

 

    179,107

 

    7.479

 

 

   354.31

 

   606

 

  82.5

 

3/27 LIB6M - IO - 60

 

 

   17,991,266

 

    94

 

    5.11

 

 

 

    191,396

 

    7.117

 

 

   355.68

 

   614

 

  80.4

 

5/25 LIB6M

 

 

        517,632

 

      4

 

    0.15

 

 

 

    129,408

 

    7.470

 

 

   355.25

 

   628

 

  77.5

 

5/25 LIB6M - IO - 120

 

 

        199,199

 

      1

 

    0.06

 

 

 

   199,199

 

    6.500

 

 

   353.00

 

   729

 

  75.2

 

5/25 LIB6M - IO - 60

 

 

        665,000

 

      3

 

    0.19

 

 

 

    221,667

 

    6.333

 

 

   354.76

 

   617

 

  75.5

 

10Yr Fixed

 

 

        270,848

 

      3

 

    0.08

 

 

 

      90,283

 

    6.958

 

 

   116.08

 

   640

 

  66.2

 

15Yr Fixed

 

 

     3,968,393

 

    29

 

    1.13

 

 

 

    136,841

 

    6.758

 

 

   176.02

 

   640

 

  71.2

 

20Yr Fixed

 

 

     2,403,460

 

    17

 

    0.68

 

 

 

    141,380

 

    6.812

 

 

   236.56

 

   673

 

  84.4

 

25Yr Fixed

 

 

        448,521

 

      3

 

    0.13

 

 

 

    149,507

 

    6.951

 

 

   296.33

 

   652

 

  75.2

 

30Yr Fixed

 

 

   70,533,166

 

  438

 

  20.04

 

 

 

    161,035

 

    6.901

 

 

   356.12

 

   644

 

  75.4

 

20Yr Fixed - IO - 60

 

 

        202,000

 

      1

 

    0.06

 

 

 

    202,000

 

    7.500

 

 

   235.00

 

   576

 

  78.0

 

30Yr Fixed - IO - 120

 

 

        203,249

 

      1

 

    0.06

 

 

 

    203,249

 

    6.150

 

 

   357.00

 

   672

 

  60.0

 

30Yr Fixed - IO - 60

 

 

     8,234,778

 

    39

 

    2.34

 

 

 

    211,148

 

    6.901

 

 

   355.57

 

   638

 

  77.6

 

30/15 Fixed Balloon

 

 

     2,961,633

 

    19

 

    0.84

 

 

 

    155,875

 

    6.801

 

 

   176.85

 

   651

 

  78.5

 

Total/Avg./Wtd. Avg.

 

$

 352,000,104

 

1,910

 

100.00

%

 

$

    184,293

 

    7.151

%

 

   351.00

 

   617

 

  77.6

%

 

 



 

Mortgage Loan Principal Balances for the Mortgage Loans

in Loan Group 1*

Range of Mortgage

Loan Principal Balances

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted
Average
Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

$25,000.01-$50,000.00

 

$

          338,463

 

       7

 

    0.10

%

 

$

      48,352

 

    7.973

%

 

   329.42

 

   592

 

  59.7

%

$50,000.01-$75,000.00

 

 

       5,341,163

 

     83

 

    1.52

 

 

 

      64,351

 

    7.927

 

 

   344.27

 

   611

 

  73.1

 

$75,000.01-$100,000.00

 

 

     16,400,277

 

   184

 

    4.66

 

 

 

      89,132

 

    7.637

 

 

   340.98

 

   616

 

  75.8

 

$100,000.01-$150,000.00

 

 

     62,079,697

 

   492

 

  17.64

 

 

 

    126,178

 

    7.293

 

 

   349.27

 

   619

 

  77.8

 

$150,000.01-$200,000.00

 

 

     72,335,953

 

   417

 

  20.55

 

 

 

    173,468

 

    7.101

 

 

   348.43

 

   618

 

  77.8

 

$200,000.01-$250,000.00

 

 

     63,113,318

 

   282

 

  17.93

 

 

 

    223,806

 

    7.049

 

 

   352.89

 

   615

 

  76.8

 

$250,000.01-$300,000.00

 

 

     73,088,688

 

   268

 

  20.76

 

 

 

    272,719

 

    7.055

 

 

   353.64

 

   612

 

  78.0

 

$300,000.01-$350,000.00

 

 

     46,928,796

 

   144

 

  13.33

 

 

 

    325,894

 

    7.063

 

 

   353.69

 

   618

 

  78.3

 

$350,000.01-$400,000.00

 

 

       9,769,319

 

     27

 

    2.78

 

 

 

    361,827

 

    7.387

 

 

   356.18

 

   632

 

  80.3

 

$400,000.01-$450,000.00

 

 

       2,604,431

 

       6

 

    0.74

 

 

 

    434,072

 

    6.246

 

 

   355.50

 

   672

 

  72.8

 

Total/Avg./Wtd. Avg.

 

$

   352,000,104

 

1,910

 

100.00

%

 

$

    184,293

 

    7.151

%

 

   351.00

 

   617

 

  77.6

%

____________

*

The Average Principal Balance of the Mortgage Loans in Loan Group 1 as of the Cut-off Date was approximately $184,293.

 



 

Mortgage Rates for the Mortgage Loans

in Loan Group 1*

Range of Mortgage
Rates (%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

4.501-5.000

 

$

          486,913

 

      2

 

    0.14

%

 

$

    243,457

 

 4.990

%

 

   355.64

 

    665

 

  52.8

%

5.001-5.500

 

 

       3,224,827

 

    14

 

    0.92

 

 

 

    230,345

 

 5.356

 

 

   355.50

 

    661

 

  69.8

 

5.501-6.000

 

 

     36,515,642

 

  172

 

  10.37

 

 

 

    212,300

 

 5.870

 

 

   350.11

 

    642

 

  71.2

 

6.001-6.500

 

 

     54,936,015

 

  284

 

  15.61

 

 

 

    193,437

 

 6.339

 

 

   348.76

 

    634

 

  73.7

 

6.501-7.000

 

 

     99,738,550

 

  537

 

  28.33

 

 

 

    185,733

 

 6.802

 

 

   349.34

 

    630

 

  78.0

 

7.001-7.500

 

 

     56,755,470

 

  304

 

  16.12

 

 

 

    186,696

 

 7.291

 

 

   351.89

 

    617

 

  80.7

 

7.501-8.000

 

 

     41,467,368

 

  234

 

  11.78

 

 

 

    177,211

 

 7.814

 

 

   353.71

 

    600

 

  81.2

 

8.001-8.500

 

 

     23,695,819

 

  136

 

    6.73

 

 

 

    174,234

 

 8.269

 

 

   352.75

 

    583

 

  79.1

 

8.501-9.000

 

 

     18,092,706

 

  119

 

    5.14

 

 

 

    152,040

 

 8.772

 

 

   353.83

 

    575

 

  81.5

 

9.001-9.500

 

 

       8,686,223

 

    48

 

    2.47

 

 

 

    180,963

 

 9.252

 

 

   355.11

 

    561

 

  79.5

 

9.501-10.000

 

 

       6,511,320

 

    43

 

    1.85

 

 

 

    151,426

 

 9.771

 

 

   354.13

 

    542

 

  77.7

 

10.001-10.500

 

 

          857,984

 

      9

 

    0.24

 

 

 

      95,332

 

10.320

 

 

   349.80

 

    541

 

  75.6

 

10.501-11.000

 

 

          923,748

 

      6

 

    0.26

 

 

 

    153,958

 

10.661

 

 

   355.53

 

    567

 

  72.4

 

11.001-11.500

 

 

            56,384

 

      1

 

    0.02

 

 

 

      56,384

 

11.390

 

 

   175.00

 

    599

 

  53.8

 

11.501-12.000

 

 

            51,136

 

      1

 

    0.01

 

 

 

      51,136

 

11.650

 

 

   356.00

 

    504

 

  21.9

 

Total/Avg./Wtd. Avg.

 

$

   352,000,104

 

1,910

 

100.00

%

 

$

    184,293

 

 7.151

%

 

   351.00

 

    617

 

  77.6

%

_____________

*

The Weighted Average Mortgage Rate for the Mortgage Loans in Loan Group 1 as of the Cut-off Date was approximately 7.151% per annum.

Remaining Terms to Stated Maturity for the Mortgage Loans

in Loan Group 1*

Range of Remaining
Terms (months)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

1-120

 

$

          270,848

 

      3

 

    0.08

%

 

$

      90,283

 

 6.958

%

 

      116.08

 

    640

 

  66.2

%

121-180

 

 

       6,930,026

 

    48

 

    1.97

 

 

 

    144,376

 

 6.776

 

 

   176.38

 

    645

 

  74.3

 

181-300

 

 

       3,154,113

 

    22

 

    0.90

 

 

 

    143,369

 

 6.888

 

 

   246.40

 

    668

 

  82.4

 

301-360

 

 

   341,645,117

 

1,837

 

  97.06

 

 

 

    185,980

 

 7.161

 

 

   355.70

 

    616

 

  77.6

 

Total/Avg./Wtd. Avg.

 

$

   352,000,104

 

1,910

 

100.00

%

 

$

    184,293

 

 7.151

%

 

   351.00

 

    617

 

  77.6

%

____________

*

The weighted average remaining term to maturity of the Mortgage Loans in Loan Group 1 as of the Cut-off Date was approximately 351 months.

 



 

Original Loan-to-Value Ratios for the Mortgage Loans

in Loan Group 1*

Range of Original
Loan-to-Value Ratios
(%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

50.00 or Less

 

$

     15,478,232

 

    98

 

    4.40

%

 

$

    157,941

 

 7.064

%

 

      349.21

 

    615

 

  42.8

%

50.01-55.00

 

 

       7,916,957

 

    45

 

    2.25

 

 

 

    175,932

 

 7.057

 

 

   353.35

 

    613

 

  53.2

 

55.01-60.00

 

 

       9,773,830

 

    52

 

    2.78

 

 

 

    187,958

 

 6.889

 

 

   351.40

 

    610

 

  57.5

 

60.01-65.00

 

 

     25,248,846

 

  120

 

    7.17

 

 

 

    210,407

 

 6.777

 

 

   352.12

 

    602

 

  63.2

 

65.01-70.00

 

 

     24,612,114

 

  137

 

    6.99

 

 

 

    179,650

 

 6.968

 

 

   347.20

 

    605

 

  68.6

 

70.01-75.00

 

 

     32,598,009

 

  178

 

    9.26

 

 

 

    183,135

 

 7.247

 

 

   352.04

 

    598

 

  74.0

 

75.01-80.00

 

 

   104,684,240

 

  596

 

  29.74

 

 

 

    175,645

 

 6.928

 

 

   351.51

 

    623

 

  79.6

 

80.01-85.00

 

 

     51,407,308

 

  263

 

  14.60

 

 

 

    195,465

 

 7.328

 

 

   349.25

 

    612

 

  84.4

 

85.01-90.00

 

 

     60,481,615

 

  315

 

  17.18

 

 

 

    192,005

 

 7.438

 

 

   352.31

 

    623

 

  89.5

 

90.01-95.00

 

 

     15,391,127

 

    79

 

    4.37

 

 

 

    194,824

 

 7.782

 

 

   351.18

 

    641

 

  94.3

 

95.01-100.00

 

 

       4,407,826

 

    27

 

    1.25

 

 

 

    163,253

 

 7.760

 

 

   349.00

 

    675

 

  99.5

 

Total/Avg./Wtd. Avg.

 

$

   352,000,104

 

1,910

 

100.00

%

 

$

    184,293

 

 7.151

%

 

   351.00

 

    617

 

  77.6

%

__________

*

The weighted average Original Loan-to-Value Ratio at origination of the Mortgage Loans in Loan Group 1 as of the Cut-off Date was approximately 77.58%.

 

 



 

State Distribution for the Mortgage Loans

in Loan Group 1

State

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

Alabama

 

$

          753,537

 

      6

 

    0.21

%

 

$

    125,589

 

 7.931

%

 

      355.51

 

    625

 

  91.3

%

Arizona

 

 

     18,251,907

 

  103

 

    5.19

 

 

 

    177,203

 

 6.997

 

 

   352.26

 

    618

 

  78.4

 

Arkansas

 

 

          521,737

 

      3

 

    0.15

 

 

 

    173,912

 

 7.299

 

 

   356.38

 

    608

 

  87.3

 

California

 

 

   104,531,303

 

  429

 

  29.70

 

 

 

    243,663

 

 6.968

 

 

   354.40

 

    614

 

  72.4

 

Colorado

 

 

       3,317,318

 

    19

 

    0.94

 

 

 

    174,596

 

 6.513

 

 

   355.24

 

    633

 

  80.8

 

Connecticut

 

 

       2,198,807

 

    15

 

    0.62

 

 

 

    146,587

 

 7.749

 

 

   355.14

 

    602

 

  73.1

 

Delaware

 

 

       1,173,304

 

      7

 

    0.33

 

 

 

    167,615

 

 6.997

 

 

   355.45

 

    623

 

  78.4

 

District of Columbia

 

 

          570,277

 

      3

 

    0.16

 

 

 

    190,092

 

 7.200

 

 

   356.30

 

    589

 

  65.9

 

Florida

 

 

     37,213,052

 

  222

 

  10.57

 

 

 

    167,626

 

 7.314

 

 

   348.67

 

    607

 

  78.0

 

Georgia

 

 

       8,234,636

 

    63

 

    2.34

 

 

 

    130,709

 

 7.330

 

 

   343.57

 

    615

 

  82.2

 

Hawaii

 

 

          582,820

 

      3

 

    0.17

 

 

 

    194,273

 

 6.910

 

 

   356.05

 

    671

 

  76.1

 

Idaho

 

 

          799,093

 

      6

 

    0.23

 

 

 

    133,182

 

 7.236

 

 

   356.65

 

    623

 

  74.2

 

Illinois

 

 

     18,526,183

 

    99

 

    5.26

 

 

 

    187,133

 

 7.017

 

 

   355.67

 

    628

 

  79.8

 

Indiana

 

 

       3,523,234

 

    35

 

    1.00

 

 

 

    100,664

 

 7.583

 

 

   349.12

 

    625

 

  83.0

 

Iowa

 

 

       1,169,457

 

    11

 

    0.33

 

 

 

    106,314

 

 7.641

 

 

   354.48

 

    626

 

  84.1

 

Kansas

 

 

       1,364,217

 

    10

 

    0.39

 

 

 

    136,422

 

 7.642

 

 

   340.89

 

    649

 

  89.2

 

Kentucky

 

 

       1,336,739

 

    12

 

    0.38

 

 

 

    111,395

 

 7.045

 

 

   330.70

 

    642

 

  83.9

 

Maine

 

 

          467,487

 

      3

 

    0.13

 

 

 

    155,829

 

 7.719

 

 

   357.00

 

    585

 

  77.8

 

Maryland

 

 

     20,655,343

 

  100

 

    5.87

 

 

 

    206,553

 

 7.208

 

 

   352.18

 

    606

 

  79.4

 

Massachusetts

 

 

       4,809,685

 

    19

 

    1.37

 

 

 

    253,141

 

 7.245

 

 

   355.30

 

    606

 

  77.7

 

Michigan

 

 

     10,297,820

 

    79

 

    2.93

 

 

 

    130,352

 

 7.704

 

 

   355.14

 

    604

 

  81.9

 

Minnesota

 

 

       7,866,591

 

    42

 

    2.23

 

 

 

    187,300

 

 6.991

 

 

   338.73

 

    626

 

  81.6

 

Missouri

 

 

       6,018,022

 

    49

 

    1.71

 

 

 

    122,817

 

 7.490

 

 

   336.57

 

    638

 

  85.0

 

Nebraska

 

 

          366,792

 

      2

 

    0.10

 

 

 

    183,396

 

 7.067

 

 

   355.69

 

    637

 

  88.9

 

Nevada

 

 

     11,251,389

 

    58

 

    3.20

 

 

 

    193,989

 

 7.058

 

 

   352.92

 

    616

 

  78.2

 

New Hampshire

 

 

       1,018,701

 

      5

 

    0.29

 

 

 

    203,740

 

 7.310

 

 

   355.44

 

    595

 

  81.2

 

New Jersey

 

 

     10,173,232

 

    48

 

    2.89

 

 

 

    211,942

 

 7.402

 

 

   354.34

 

    615

 

  79.4

 

New Mexico

 

 

       1,348,965

 

      8

 

    0.38

 

 

 

    168,621

 

 7.334

 

 

   355.49

 

    612

 

  77.0

 

New York

 

 

     10,946,009

 

    42

 

    3.11

 

 

 

    260,619

 

 6.926

 

 

   352.54

 

    628

 

  74.6

 

North Carolina

 

 

       8,077,382

 

    67

 

    2.29

 

 

 

    120,558

 

 7.577

 

 

   348.03

 

    625

 

  83.6

 

Ohio

 

 

       7,818,131

 

    60

 

    2.22

 

 

 

    130,302

 

 6.958

 

 

   331.62

 

    639

 

  82.2

 

Oklahoma

 

 

          660,836

 

      4

 

    0.19

 

 

 

    165,209

 

 6.935

 

 

   355.80

 

    636

 

  82.9

 

Oregon

 

 

       3,617,289

 

    18

 

    1.03

 

 

 

    200,961

 

 7.013

 

 

   346.93

 

    617

 

  84.2

 

Pennsylvania

 

 

       6,131,930

 

    46

 

    1.74

 

 

 

    133,303

 

 7.307

 

 

   330.23

 

    624

 

  81.3

 

Rhode Island

 

 

       1,588,651

 

      8

 

    0.45

 

 

 

    198,581

 

 7.500

 

 

   355.61

 

    613

 

  70.5

 

South Carolina

 

 

       2,392,943

 

    18

 

    0.68

 

 

 

    132,941

 

 7.358

 

 

   355.60

 

    620

 

  84.0

 

Tennessee

 

 

       3,892,376

 

    24

 

    1.11

 

 

 

    162,182

 

 7.140

 

 

   348.29

 

    634

 

  79.0

 

Texas

 

 

          298,133

 

      4

 

    0.08

 

 

 

      74,533

 

 8.189

 

 

   318.36

 

    580

 

  72.4

 

Utah

 

 

          832,358

 

      5

 

    0.24

 

 

 

    166,472

 

 6.688

 

 

   356.27

 

    676

 

  84.9

 

Vermont

 

 

          281,064

 

      2

 

    0.08

 

 

 

    140,532

 

 7.836

 

 

   355.64

 

    610

 

  86.0

 

Virginia

 

 

     14,335,831

 

    80

 

    4.07

 

 

 

    179,198

 

 7.329

 

 

   354.14

 

    607

 

  78.6

 

Washington

 

 

       6,690,905

 

    32

 

    1.90

 

 

 

    209,091

 

 7.023

 

 

   350.21

 

    632

 

  83.2

 

West Virginia

 

 

       1,436,600

 

      8

 

    0.41

 

 

 

    179,575

 

 8.626

 

 

   353.71

 

    593

 

  74.9

 

Wisconsin

 

 

       4,410,016

 

    32

 

    1.25

 

 

 

    137,813

 

 7.132

 

 

   341.26

 

    642

 

  80.2

 

Wyoming

 

 

          248,000

 

      1

 

    0.07

 

 

 

    248,000

 

 6.090

 

 

   353.00

 

    609

 

  80.0

 

Total/Avg./Wtd. Avg.

 

$

   352,000,104

 

1,910

 

100.00

%

 

$

    184,293

 

 7.151

%

 

   351.00

 

    617

 

  77.6

%

 

 



 

Credit Bureau Risk Scores(1) for the Mortgage Loans

in Loan Group 1*

Range of Credit Bureau

Risk Scores

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

801-820

 

$

          100,132

 

      1

 

    0.03

%

 

$

    100,132

 

 7.190

%

 

      282.00

 

    814

 

  75.0

%

781-800

 

 

       1,067,761

 

      5

 

    0.30

 

 

 

    213,552

 

 6.343

 

 

   342.93

 

    788

 

  66.9

 

761-780

 

 

       1,467,514

 

    10

 

    0.42

 

 

 

    146,751

 

 6.362

 

 

   334.83

 

    769

 

  79.4

 

741-760

 

 

       4,429,152

 

    32

 

    1.26

 

 

 

    138,411

 

 6.522

 

 

   345.17

 

    750

 

  77.4

 

721-740

 

 

       6,368,847

 

    35

 

    1.81

 

 

 

    181,967

 

 6.841

 

 

   348.76

 

    730

 

  80.7

 

701-720

 

 

     10,838,096

 

    57

 

    3.08

 

 

 

    190,142

 

 6.583

 

 

   349.22

 

    710

 

  74.9

 

681-700

 

 

     13,834,026

 

    76

 

    3.93

 

 

 

    182,027

 

 6.726

 

 

   350.26

 

    689

 

  80.2

 

661-680

 

 

     28,620,921

 

  150

 

    8.13

 

 

 

    190,806

 

 6.723

 

 

   343.03

 

    670

 

  79.8

 

641-660

 

 

     36,029,219

 

  190

 

  10.24

 

 

 

    189,627

 

 6.774

 

 

   350.09

 

    650

 

  78.8

 

621-640

 

 

     54,183,603

 

  287

 

  15.39

 

 

 

    188,793

 

 6.916

 

 

   349.28

 

    629

 

  80.3

 

601-620

 

 

     63,944,595

 

  338

 

  18.17

 

 

 

    189,185

 

 6.972

 

 

   352.61

 

    611

 

  78.5

 

581-600

 

 

     48,352,047

 

  270

 

  13.74

 

 

 

    179,082

 

 7.262

 

 

   353.59

 

    590

 

  76.6

 

561-580

 

 

     31,163,372

 

  164

 

    8.85

 

 

 

    190,021

 

 7.459

 

 

   352.55

 

    572

 

  73.3

 

541-560

 

 

     23,422,415

 

  135

 

    6.65

 

 

 

    173,499

 

 7.913

 

 

   353.85

 

    551

 

  76.2

 

521-540

 

 

     25,459,324

 

  143

 

    7.23

 

 

 

    178,037

 

 8.405

 

 

   355.42

 

    530

 

  73.4

 

501-520

 

 

       2,719,081

 

    17

 

    0.77

 

 

 

    159,946

 

 8.668

 

 

   354.01

 

    512

 

  74.8

 

Total/Avg./Wtd. Avg

 

$

   352,000,104

 

1,910

 

100.00

%

 

$

    184,293

 

 7.151

%

 

   351.00

 

    617

 

  77.6

%

______________________

(1)

The Credit Bureau Risk Scores referenced in this table with respect to substantially all of the Mortgage Loans in Loan Group 1 were obtained by the respective originators from one or more credit reporting agencies, and were determined at the time of origination.

*

The weighted average Credit Bureau Risk Score of the Mortgage Loans in Loan Group 1 as of the Cut-off Date was approximately 617.

 

 

 



 

Gross Margins for the Adjustable Rate Mortgage Loans

in Loan Group 1*

Range of Gross
Margins (%)

Aggregate

Principal

Balance

Outstanding

Number

of Loans

Percent of

Aggregate

Principal

Balance

Outstanding

Average

Principal

Balance

Weighted

Average

Mortgage

Rate

Weighted

Average

Remaining

Term to

Maturity

(months)

Weighted

Average

Credit

Score

Weighted

Average

Original

Loan-to-

Value

Ratio

2.001-3.000

$        469,199

      2

    0.18%

$  234,600

 6.442%

      354.15

    638

  77.3%

3.001-4.000

          167,048

      1

    0.06

    167,048

 7.150

   357.00

    646

  85.0

4.001-5.000

     17,545,158

    90

    6.68

    194,946

 6.342

   355.97

    631

  76.0

5.001-6.000

   117,115,630

  562

  44.57

    208,391

 6.811

   355.62

    623

  78.3

6.001-7.000

     96,497,713

  508

  36.72

    189,956

 7.549

   355.72

    593

  77.5

7.001-8.000

     17,686,487

  103

    6.73

    171,713

 7.962

   355.68

    584

  81.2

8.001-9.000

     10,830,144

    72

    4.12

    150,419

 8.850

   353.69

    577

  83.4

9.001-10.000

       2,140,492

    19

    0.81

    112,657

 9.732

   351.44

    558

  79.8

10.001-11.000

          203,353

      2

    0.08

    101,677

10.582

   341.29

    559

  75.8

12.001-13.000

                118,832

            1

            0.05

          118,832

        9.750

      357.00

          504

        70.0

Total/Avg./Wtd. Avg

$ 262,774,057

1,360

100.00%

$  193,216

 7.240%

   355.56

    608

  78.2%

____________

*

The weighted average Gross Margin for the adjustable rate Mortgage Loans in Loan Group 1 as of the Cut-off Date was approximately 6.319%.

 



 

Next Adjustment Date for the Adjustable Rate Mortgage Loans

in Loan Group 1*

Next Adjustment Date

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted
Average
Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

January 2006

 

$

            84,147

 

        1

 

    0.03

%

 

$

      84,147

 

 5.990

%

 

      355.00

 

    746

 

  79.4

%

February 2006

 

 

          166,085

 

        1

 

    0.06

 

 

 

    166,085

 

 8.415

 

 

   356.00

 

    573

 

  90.0

 

May 2006

 

 

          250,183

 

        1

 

    0.10

 

 

 

    250,183

 

 5.900

 

 

   353.00

 

    586

 

  90.0

 

June 2006

 

 

       1,350,029

 

        6

 

    0.51

 

 

 

    225,005

 

 6.835

 

 

   354.00

 

    594

 

  87.0

 

July 2006

 

 

       1,320,986

 

        8

 

    0.50

 

 

 

    165,123

 

 7.315

 

 

   355.00

 

    575

 

  75.4

 

August 2006

 

 

       3,093,762

 

      13

 

    1.18

 

 

 

    237,982

 

 7.514

 

 

   356.00

 

    626

 

  81.4

 

September 2006

 

 

          150,674

 

        1

 

    0.06

 

 

 

    150,674

 

 8.590

 

 

   346.00

 

    549

 

  80.0

 

October 2006

 

 

          109,766

 

        1

 

    0.04

 

 

 

    109,766

 

 6.965

 

 

   347.00

 

    520

 

  78.2

 

November 2006

 

 

          767,812

 

        6

 

    0.29

 

 

 

    127,969

 

 8.551

 

 

   347.19

 

    555

 

  82.7

 

December 2006

 

 

       1,470,941

 

      10

 

    0.56

 

 

 

    147,094

 

 8.830

 

 

   347.32

 

    538

 

  77.5

 

January 2007

 

 

       2,589,415

 

      20

 

    0.99

 

 

 

    129,471

 

 8.800

 

 

   349.72

 

    559

 

  83.2

 

February 2007

 

 

       1,788,845

 

      13

 

    0.68

 

 

 

    137,603

 

 7.761

 

 

   350.29

 

    598

 

  78.7

 

March 2007

 

 

          805,633

 

        5

 

    0.31

 

 

 

    161,127

 

 8.711

 

 

   351.00

 

    583

 

  77.7

 

May 2007

 

 

       5,231,902

 

      27

 

    1.99

 

 

 

    193,774

 

 6.786

 

 

   353.04

 

    616

 

  81.3

 

June 2007

 

 

     21,393,791

 

    106

 

    8.14

 

 

 

    201,828

 

 6.995

 

 

   354.01

 

    617

 

  81.4

 

July 2007

 

 

     40,525,569

 

    186

 

  15.42

 

 

 

    217,879

 

 7.067

 

 

   355.00

 

    615

 

  78.3

 

August 2007

 

 

     86,092,079

 

    441

 

  32.76

 

 

 

    195,220

 

 7.292

 

 

   356.06

 

    603

 

  77.4

 

September 2007

 

 

     57,725,523

 

    304

 

  21.97

 

 

 

    189,887

 

 7.168

 

 

   357.02

 

    608

 

  76.2

 

October 2007

 

 

          489,446

 

        3

 

    0.19

 

 

 

    163,149

 

 9.001

 

 

   355.35

 

    520

 

  79.1

 

November 2007

 

 

          236,675

 

        3

 

    0.09

 

 

 

      78,892

 

 7.715

 

 

   348.00

 

    567

 

  77.4

 

December 2007

 

 

       1,331,888

 

        9

 

    0.51

 

 

 

    147,988

 

 7.746

 

 

   348.85

 

    567

 

  79.5

 

January 2008

 

 

          336,086

 

        2

 

    0.13

 

 

 

    168,043

 

 9.496

 

 

   349.77

 

    549

 

  76.9

 

May 2008

 

 

          313,464

 

        2

 

    0.12

 

 

 

    156,732

 

 6.688

 

 

   353.00

 

    630

 

  78.3

 

June 2008

 

 

       6,105,738

 

      37

 

    2.32

 

 

 

    165,020

 

 7.152

 

 

   354.00

 

    606

 

  81.3

 

July 2008

 

 

       6,597,506

 

      39

 

    2.51

 

 

 

    169,167

 

 7.515

 

 

   355.04

 

    604

 

  83.0

 

August 2008

 

 

     11,832,322

 

      64

 

    4.50

 

 

 

    184,880

 

 7.272

 

 

   356.06

 

    623

 

  78.1

 

September 2008

 

 

       8,432,254

 

      40

 

    3.21

 

 

 

    210,806

 

 7.343

 

 

   357.00

 

    616

 

  79.4

 

October 2008

 

 

          799,702

 

        3

 

    0.30

 

 

 

    266,567

 

 7.648

 

 

   358.00

 

    593

 

  84.3

 

January 2010

 

 

            75,591

 

        1

 

    0.03

 

 

 

      75,591

 

 9.720

 

 

   349.00

 

    525

 

  80.0

 

May 2010

 

 

          519,199

 

        2

 

    0.20

 

 

 

    259,600

 

 6.654

 

 

   353.00

 

    670

 

  78.1

 

August 2010

 

 

          512,396

 

        3

 

    0.19

 

 

 

    170,799

 

 6.595

 

 

   356.00

 

    642

 

  78.1

 

September 2010

 

 

          274,645

 

        2

 

    0.10

 

 

 

    137,323

 

 6.568

 

 

   357.00

 

    599

 

  67.8

 

Total/Avg./Wtd. Avg

 

$

   262,774,057

 

 1,360

 

100.00

%

 

$

    193,216

 

 7.240

%

 

   355.56

 

    608

 

  78.2

%

______________

*

The weighted average number of months to next Adjustment Date for the adjustable rate Mortgage Loans in Loan Group 1 as of the Cut-off Date is 21 months.

 



 

Maximum Mortgage Rates for the Adjustable Rate Mortgage Loans

in Loan Group 1*

Range of Maximum
Mortgage Rates (%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

10.501-11.000

 

$

         160,323

 

      1

 

    0.06

%

 

$

    160,323

 

 5.750

%

 

      356.00

 

    613

 

  69.9

%

11.001-11.500

 

 

      3,294,905

 

    16

 

    1.25

 

 

 

    205,932

 

 6.306

 

 

   356.64

 

    637

 

  77.8

 

11.501-12.000

 

 

    13,496,652

 

    67

 

    5.14

 

 

 

    201,443

 

 5.982

 

 

   356.13

 

    627

 

  74.4

 

12.001-12.500

 

 

    21,430,309

 

  109

 

    8.16

 

 

 

    196,608

 

 6.292

 

 

   355.39

 

    624

 

  77.6

 

12.501-13.000

 

 

    46,952,119

 

  226

 

  17.87

 

 

 

    207,753

 

 6.473

 

 

   355.47

 

    622

 

  74.0

 

13.001-13.500

 

 

    27,850,320

 

  144

 

  10.60

 

 

 

    193,405

 

 6.758

 

 

   355.76

 

    620

 

  76.0

 

13.501-14.000

 

 

    47,686,672

 

  243

 

  18.15

 

 

 

    196,241

 

 7.100

 

 

   355.81

 

    618

 

  80.3

 

14.001-14.500

 

 

    37,681,378

 

  179

 

  14.34

 

 

 

    210,510

 

 7.507

 

 

   355.69

 

    602

 

  80.0

 

14.501-15.000

 

 

    24,585,643

 

  143

 

    9.36

 

 

 

    171,928

 

 8.043

 

 

   355.24

 

    590

 

  81.9

 

15.001-15.500

 

 

    16,017,760

 

    90

 

    6.10

 

 

 

    177,975

 

 8.412

 

 

   355.39

 

    576

 

  80.4

 

15.501-16.000

 

 

    12,223,987

 

    77

 

    4.65

 

 

 

    158,753

 

 8.957

 

 

   355.18

 

    571

 

  82.4

 

16.001-16.500

 

 

      5,884,798

 

    30

 

    2.24

 

 

 

    196,160

 

 9.332

 

 

   354.51

 

    562

 

  80.0

 

16.501-17.000

 

 

      4,598,672

 

    28

 

    1.75

 

 

 

    164,238

 

 9.835

 

 

   354.72

 

    539

 

  73.3

 

17.001-17.500

 

 

         485,711

 

      5

 

    0.18

 

 

 

      97,142

 

10.250

 

 

   353.15

 

    536

 

  78.4

 

17.501-18.000

 

 

         424,806

 

      2

 

    0.16

 

 

 

    212,403

 

10.669

 

 

   355.21

 

    543

 

  75.6

 

Total/Avg./Wtd. Avg

 

$

  262,774,057

 

1,360

 

100.00

%

 

$

    193,216

 

 7.240

%

 

   355.56

 

    608

 

  78.2

%

_________________

*

The weighted average Maximum Mortgage Rate for the adjustable rate Mortgage Loans in Loan Group 1 as of the Cut-off Date was approximately 13.792% per annum.

Initial Periodic Rate Cap for the Adjustable Rate Mortgage Loans

in Loan Group 1*

Initial Periodic

Rate Cap (%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

1.500

 

$

    10,215,790

 

    54

 

    3.89

%

 

$

    189,181

 

 7.563

%

 

      354.89

 

   604

 

  79.0

%

2.000

 

 

    30,394,428

 

  131

 

  11.57

 

 

 

    232,019

 

 6.798

 

 

   355.61

 

   633

 

  77.4

 

3.000

 

 

  221,964,639

 

1,174

 

  84.47

 

 

 

    189,067

 

 7.286

 

 

   355.58

 

   604

 

  78.3

 

6.000

 

 

         199,199

 

      1

 

    0.08

 

 

 

    199,199

 

 6.500

 

 

   353.00

 

   729

 

  75.2

 

Total/Avg./Wtd. Avg

 

$

  262,774,057

 

1,360

 

100.00

%

 

$

    193,216

 

 7.240

%

 

   355.56

 

   608

 

  78.2

%

________________

*

The weighted average initial Periodic Rate Cap for the adjustable rate Mortgage Loans in Loan Group 1 as of the Cut-off Date was approximately 2.828%.

 



 

Subsequent Periodic Rate Cap for the Adjustable Rate Mortgage Loans

in Loan Group 1*

Subsequent

Periodic Rate Cap (%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

1.000

 

$

  128,706,312

 

  708

 

  48.98

%

 

$

    181,789

 

 7.174

%

 

      355.69

 

  607

 

  78.8

%

1.500

 

 

    16,297,220

 

    82

 

    6.20

 

 

 

    198,747

 

 7.457

 

 

   355.02

 

  605

 

  80.2

 

2.000

 

 

  117,770,525

 

  570

 

  44.82

 

 

 

    206,615

 

 7.282

 

 

   355.49

 

  609

 

  77.3

 

Total/Avg./Wtd. Avg

 

$

  262,774,057

 

1,360

 

100.00

%

 

$

    193,216

 

 7.240

%

 

   355.56

 

  608

 

  78.2

%

________________

*

The weighted average subsequent Periodic Rate Cap for the adjustable rate Mortgage Loans in Loan Group 1 as of the Cut-off Date was approximately 1.479%.

Minimum Mortgage Rates for the Adjustable Rate Mortgage Loans

in Loan Group 1*

Range of

Minimum Mortgage
Rates (%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

4.001–5.000

 

$

         486,913

 

      2

 

    0.19

%

 

$

    243,457

 

 4.990

%

 

      355.64

 

  665

 

  52.8

%

5.001–6.000

 

 

    32,534,194

 

  146

 

  12.38

 

 

 

    222,837

 

 5.843

 

 

   355.57

 

  635

 

  71.5

 

6.001–7.000

 

 

  100,879,898

 

  515

 

  38.39

 

 

 

    195,883

 

 6.646

 

 

   355.62

 

  623

 

  77.5

 

7.001–8.000

 

 

    76,001,746

 

  387

 

  28.92

 

 

 

    196,387

 

 7.537

 

 

   355.83

 

  603

 

  81.1

 

8.001–9.000

 

 

    36,344,468

 

  209

 

  13.83

 

 

 

    173,897

 

 8.486

 

 

   355.29

 

  575

 

  80.5

 

9.001–10.000

 

 

    14,962,198

 

    88

 

    5.69

 

 

 

    170,025

 

 9.478

 

 

   354.70

 

  551

 

  78.7

 

10.001 or Greater

 

 

      1,564,640

 

    13

 

    0.60

 

 

 

    120,357

 

10.484

 

 

   352.27

 

  551

 

  72.5

 

Total/Avg./Wtd. Avg

 

$

  262,774,057

 

1,360

 

100.00

%

 

$

    193,216

 

 7.240

%

 

   355.56

 

  608

 

  78.2

%

________________

*

The weighted average Minimum Mortgage Rate for the adjustable rate Mortgage Loans in Loan Group 1 as of the Cut-off Date was approximately 7.230% per annum.

 



 

Types of Mortgaged Properties for the Mortgage Loans

in Loan Group 1

Property Type

Aggregate

Principal

Balance

Outstanding

Number

of Loans

Percent of

Aggregate

Principal

Balance

Outstanding

Average

Principal

Balance

Weighted

Average

Mortgage

Rate

Weighted

Average

Remaining

Term to

Maturity

(months)

Weighted

Average

Credit

Score

Weighted

Average

Original

Loan-to-

Value

Ratio

Single-Family Residence

$275,107,044

1,545

  78.16%

$  178,063

 7.141%

      349.82

    616

  77.7%

Planned Unit Development

    38,504,401

  188

  10.94

    204,811

 7.182

   354.75

    612

  78.5

Condominium

    17,058,566

    91

    4.85

    187,457

 7.317

   355.80

    618

  79.6

Two Family

    11,756,803

    49

    3.34

    239,935

 7.064

   355.51

    634

  72.2

Three Family

      3,542,268

    13

    1.01

    272,482

 7.093

   355.38

    612

  75.0

Four Family

      3,485,382

    10

    0.99

    348,538

 7.096

   356.22

    647

  72.2

Single-Family Residence (attached)

      1,411,771

      8

    0.40

    176,471

 7.014

   356.07

    617

  71.0

CNDP

         879,522

      4

    0.25

    219,881

 7.410

   355.61

    614

  77.2

Single-Family Residence (detached)

         139,147

      1

    0.04

    139,147

 6.780

   353.00

    666

  80.0

Townhouse

            115,200

            1

                0.03

          115,200

      7.750

      357.00

          593

        80.0

Total/Avg./Wtd. Avg

$352,000,104

1,910

100.00%

$  184,293

 7.151%

   351.00

    617

  77.6%

 

 

Occupancy Types for the Mortgage Loans

in Loan Group 1(1)

Occupancy

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

Owner Occupied

 

$

  338,023,168

 

1,823

 

  96.03

%

 

$

    185,421

 

 7.141

%

 

      351.05

 

    615

 

  77.5

%

Investment

 

 

    11,927,086

 

    75

 

    3.39

 

 

 

    159,028

 

 7.348

 

 

   348.81

 

    665

 

  78.9

 

Second Home

 

 

      2,049,850

 

    12

 

    0.58

 

 

 

    170,821

 

 7.720

 

 

   356.22

 

    639

 

  85.5

 

Total/Avg./Wtd. Avg

 

$

  352,000,104

 

1,910

 

100.00

%

 

$

    184,293

 

 7.151

%

 

   351.00

 

    617

 

  77.6

%

___________________

(1)

Based on representations by the Mortgagors at the time of origination of the Mortgage Loans in Loan Group 1.

 



 

Loan Purposes for the Mortgage Loans

in Loan Group 1

Loan Purpose

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

Refinance–Cash Out

 

$

  288,893,077

 

1,521

 

  82.07

%

 

$

    189,936

 

 7.153

%

 

      351.05

 

    614

 

  76.8

%

Refinance–No Cash Out

 

 

    50,375,296

 

  307

 

  14.31

 

 

 

    164,089

 

 7.078

 

 

   349.54

 

    624

 

  80.3

 

Purchase

 

 

    12,731,731

 

    82

 

    3.62

 

 

 

    155,265

 

 7.394

 

 

   355.75

 

    655

 

  84.6

 

Total/Avg./Wtd. Avg

 

$

  352,000,104

 

1,910

 

100.00

%

 

$

    184,293

 

 7.151

%

 

   351.00

 

    617

 

  77.6

%

 

 

Credit Grade Categories for the Mortgage Loans

in Loan Group 1(1)

Credit Grade Category

Aggregate
Principal
Balance
Outstanding

Number
of Loans

Percent of
Aggregate
Principal
Balance
Outstanding

Average
Principal
Balance

Weighted
Average
Mortgage
Rate

Weighted
Average
Remaining
Term to
Maturity
(months)

Weighted
Average
Credit
Score

Weighted
Average
Original
Loan-to-
Value Ratio

PR

$  42,445,130

  224

  12.06%

$  189,487

 7.401%

      351.01

    595

  76.8%

PP

  255,738,589

1,389

  72.65

    184,117

 6.965

   350.66

    628

  78.5

A-

    12,938,778

    67

    3.68

    193,116

 7.606

   349.57

    577

  77.3

B

    24,921,995

  140

    7.08

    178,014

 7.707

   352.79

    583

  73.8

C

    14,128,838

    78

    4.01

    181,139

 8.164

   354.95

    573

  71.6

C-

      1,046,862

      7

    0.30

    149,552

 9.386

   352.46

    566

  67.9

D

              779,910

            5

            0.22

          155,982

      7.887

      356.27

          590

            73.2

Total/Avg./Wtd. Avg

$352,000,104

1,910

100.00%

$  184,293

 7.151%

   351.00

    617

  77.6%

________________

(1)

Although the Mortgage Loans in Loan Group 1 were originated by various originators under differing underwriting guidelines, the Mortgage Loans in Loan Group 1 loosely correspond to the Countrywide Home Loans credit grades shown in this table. See “—Underwriting Standards” in the prospectus supplement.

 

 



 

Original Term for the Mortgage Loans

in Loan Group 1

Original Term

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

ARM 360

 

$

  262,774,057

 

1,360

 

  74.65

%

 

$

    193,216

 

 7.240

%

 

      355.56

 

    608

 

  78.2

%

Fixed 120

 

 

         270,848

 

      3

 

    0.08

 

 

 

      90,283

 

 6.958

 

 

   116.08

 

    640

 

  66.2

 

Fixed 180

 

 

      6,930,026

 

    48

 

    1.97

 

 

 

    144,376

 

 6.776

 

 

   176.38

 

    645

 

  74.3

 

Fixed 240

 

 

      2,605,460

 

    18

 

    0.74

 

 

 

    144,748

 

 6.865

 

 

   236.44

 

    665

 

  83.9

 

Fixed 300

 

 

         448,521

 

      3

 

    0.13

 

 

 

    149,507

 

 6.951

 

 

   296.33

 

    652

 

  75.2

 

Fixed 360

 

 

    78,971,193

 

  478

 

  22.43

 

 

 

    165,212

 

 6.899

 

 

   356.06

 

    643

 

  75.6

 

Total/Avg./Wtd. Avg

 

$

  352,000,104

 

1,910

 

100.00

%

 

$

    184,293

 

 7.151

%

 

   351.00

 

    617

 

  77.6

%

 

 

Loan Documentation Type for the Mortgage Loans

in Loan Group 1

Loan

Documentation Type

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

Full Documentation

 

$

  224,073,723

 

1,287

 

  63.66

%

 

$

    174,105

 

 6.996

%

 

   350.08

 

    615

 

  78.4

%

Stated Income

 

 

  127,926,381

 

  623

 

  36.34

 

 

 

    205,339

 

 7.423

 

 

   352.61

 

    620

 

  76.2

 

Total/Avg./Wtd. Avg

 

$

  352,000,104

 

1,910

 

100.00

%

 

$

    184,293

 

 7.151

%

 

   351.00

 

    617

 

  77.6

%

 

 



 

Original Prepayment Penalty Term for the Mortgage Loans

in Loan Group 1

Original Prepayment
Penalty Term (months)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

0

 

$

    83,477,469

 

  468

 

  23.72

%

 

$

    178,371

 

 7.407

%

 

      352.39

 

    617

 

  79.4

%

3

 

 

         177,766

 

      1

 

    0.05

 

 

 

    177,766

 

 7.040

 

 

   175.00

 

    597

 

  85.0

 

6

 

 

      1,379,215

 

      7

 

    0.39

 

 

 

    197,031

 

 6.933

 

 

   356.71

 

    651

 

  80.3

 

12

 

 

    17,988,856

 

    83

 

    5.11

 

 

 

    216,733

 

 7.237

 

 

   352.17

 

    621

 

  75.9

 

24

 

 

  154,120,989

 

  794

 

  43.78

 

 

 

    194,107

 

 7.180

 

 

   355.27

 

    606

 

  77.3

 

36

 

 

    94,855,810

 

  557

 

  26.95

 

 

 

    170,298

 

 6.865

 

 

   342.86

 

    634

 

  76.8

 

Total/Avg./Wtd. Avg

 

$

  352,000,104

 

1,910

 

100.00

%

 

$

    184,293

 

 7.151

%

 

   351.00

 

    617

 

  77.6

%

 

 

Months to Next Adjustment Date for the Adjustable Rate Mortgage Loans in Loan Group 1

Range of

Months to Next
Adjustment Date

 

Weighted
Average
Months
to Next
Adjustment
Date

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted
Average
Original
Loan-to-
Value
Ratio

0-6

 

         5

 

$

      1,850,445

 

      9

 

    0.70

%

 

$

    205,605

 

 6.812

%

 

      354.09

 

  598

 

  87.3

%

7-12

 

         9

 

 

      6,285,541

 

    35

 

    2.39

 

 

 

    179,587

 

 7.793

 

 

   353.24

 

  589

 

  80.0

 

13-18

 

        17

 

 

    32,310,271

 

  174

 

  12.30

 

 

 

    185,691

 

 7.227

 

 

   353.07

 

  609

 

  81.1

 

19-24

 

        20

 

 

  185,392,462

 

  940

 

  70.55

 

 

 

    197,226

 

 7.209

 

 

   356.11

 

  607

 

  77.2

 

25-31

 

        30

 

 

    14,245,242

 

    86

 

    5.42

 

 

 

    165,642

 

 7.438

 

 

   353.93

 

  600

 

  82.0

 

32-37

 

        33

 

 

    21,308,265

 

  108

 

    8.11

 

 

 

    197,299

 

 7.298

 

 

   356.50

 

  619

 

  78.8

 

38 or Greater

 

        55

 

 

      1,381,832

 

      8

 

    0.53

 

 

 

    172,729

 

 6.783

 

 

   354.69

 

  637

 

  76.2

 

Total/Avg./Wtd. Avg

 

 

 

$

  262,774,057

 

1,360

 

100.00

%

 

$

    193,216

 

 7.240

%

 

   355.56

 

  608

 

  78.2

%

 

 



 

Mortgage Loan Programs for the Mortgage Loans

in Loan Group 2

Loan Programs

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

30Y LIB6M

 

$

         399,599

 

      3

 

    0.12

%

 

$

    133,200

 

 5.980

%

 

   354.52

 

    626

 

  74.5

%

1/29 LIB6M

 

 

      1,858,065

 

      9

 

    0.54

 

 

 

    206,452

 

 7.289

 

 

   355.66

 

    609

 

  78.4

 

2/28 LIB6M

 

 

  166,892,251

 

  983

 

  48.37

 

 

 

    169,778

 

 7.269

 

 

   354.77

 

    605

 

  79.7

 

2/28 LIB6M - IO - 120

 

 

      1,383,858

 

      6

 

    0.40

 

 

 

    230,643

 

 6.445

 

 

   356.85

 

    683

 

  80.0

 

2/28 LIB6M - IO - 24

 

 

      2,757,275

 

    11

 

    0.80

 

 

 

    250,661

 

 6.533

 

 

   354.39

 

    662

 

  82.2

 

2/28 LIB6M - IO - 60

 

 

    41,584,033

 

  206

 

  12.05

 

 

 

    201,864

 

 6.531

 

 

   355.68

 

    667

 

  81.8

 

2/28 LIB6M - 40/30 Balloon

 

 

         750,256

 

      4

 

    0.22

 

 

 

    187,564

 

 7.225

 

 

   358.00

 

    601

 

  81.1

 

3/27 LIB6M

 

 

    32,237,962

 

  204

 

    9.34

 

 

 

    158,029

 

 7.235

 

 

   354.36

 

    611

 

  80.8

 

3/27 LIB6M - IO - 120

 

 

         183,000

 

      1

 

    0.05

 

 

 

    183,000

 

 8.000

 

 

   354.00

 

    656

 

100.0

 

3/27 LIB6M - IO - 36

 

 

      1,100,300

 

      6

 

    0.32

 

 

 

    183,383

 

 6.927

 

 

   354.96

 

    640

 

  82.1

 

3/27 LIB6M - IO - 60

 

 

      7,693,426

 

    41

 

    2.23

 

 

 

    187,645

 

 6.887

 

 

   355.60

 

    662

 

  81.1

 

5/25 LIB6M

 

 

         735,396

 

      3

 

    0.21

 

 

 

    245,132

 

 6.280

 

 

   355.76

 

    688

 

  80.0

 

15Yr Fixed

 

 

         982,918

 

    11

 

    0.28

 

 

 

      89,356

 

 8.055

 

 

   174.83

 

    596

 

  76.1

 

20Yr Fixed

 

 

      1,184,904

 

    10

 

    0.34

 

 

 

    118,490

 

 7.098

 

 

   233.97

 

    648

 

  75.7

 

30Yr Fixed

 

 

    83,433,231

 

  615

 

  24.18

 

 

 

    135,664

 

 7.209

 

 

   354.89

 

    627

 

  77.5

 

30/15 Fixed Balloon

 

 

      1,823,704

 

    13

 

    0.53

 

 

 

    140,285

 

 7.155

 

 

   175.97

 

    624

 

  80.4

 

Total/Avg./Wtd. Avg

 

$

  345,000,176

 

2,126

 

100.00

%

 

$

    162,277

 

 7.142

%

 

   353.04

 

    621

 

  79.6

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Loan Principal Balances for the Mortgage Loans

in Loan Group 2*

Range of Mortgage

Loan Principal Balances

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

$25,000.01 - $50,000.00

 

$

         546,490

 

    11

 

    0.16

%

 

$

     49,681

 

 8.699

%

 

   320.03

 

    593

 

  65.3

%

$50,000.01 - $75,000.00

 

 

      9,534,359

 

  146

 

    2.76

 

 

 

     65,304

 

 7.690

 

 

   350.38

 

    613

 

  76.8

 

$75,000.01 - $100,000.00

 

 

    25,336,102

 

  285

 

    7.34

 

 

 

     88,899

 

 7.341

 

 

   349.33

 

    619

 

  79.6

 

$100,000.01 - $150,000.00

 

 

    82,935,511

 

  667

 

  24.04

 

 

 

   124,341

 

 7.206

 

 

   351.85

 

    622

 

  79.2

 

$150,000.01 - $200,000.00

 

 

    74,991,173

 

  430

 

  21.74

 

 

 

   174,398

 

 7.111

 

 

   354.07

 

    619

 

  79.1

 

$200,000.01 - $250,000.00

 

 

    67,946,731

 

  303

 

  19.69

 

 

 

   224,247

 

 7.079

 

 

   352.90

 

    620

 

  80.1

 

$250,000.01 - $300,000.00

 

 

    49,558,872

 

  181

 

  14.36

 

 

 

   273,806

 

 7.081

 

 

   355.03

 

    621

 

  80.4

 

$300,000.01 - $350,000.00

 

 

    28,759,752

 

    89

 

    8.34

 

 

 

   323,143

 

 6.881

 

 

   355.25

 

    632

 

  80.7

 

$350,000.01 - $400,000.00

 

 

      3,578,963

 

    10

 

    1.04

 

 

 

   357,896

 

 7.104

 

 

   353.46

 

    631

 

  82.1

 

$400,000.01 - $450,000.00

 

 

         830,250

 

      2

 

    0.24

 

 

 

   415,125

 

 6.611

 

 

   355.52

 

    648

 

  73.3

 

$450,000.01 - $500,000.00

 

 

         453,975

 

      1

 

    0.13

 

 

 

   453,975

 

 9.990

 

 

   355.00

 

    511

 

  60.7

 

$500,000.01 - $550,000.00

 

 

         528,000

 

      1

 

    0.15

 

 

 

   528,000

 

 6.990

 

 

   353.00

 

    667

 

  80.0

 

Total/Avg./Wtd. Avg

 

$

  345,000,176

 

2,126

 

100.00

%

 

$

   162,277

 

 7.142

%

 

   353.04

 

    621

 

  79.6

%

____________

*

The Average Principal Balance of the Mortgage Loans in Loan Group 2 as of the Cut-off Date was approximately $162,277.

 



 

Mortgage Rates for the Mortgage Loans

in Loan Group 2*

Range of Mortgage
Rates(%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

4.501-5.000

 

$

         103,247

 

      1

 

    0.03

%

 

$

   103,247

 

 4.840

%

 

   356.00

 

    593

 

  80.0

%

5.001-5.500

 

 

      2,703,253

 

    14

 

    0.78

 

 

 

   193,090

 

 5.376

 

 

   354.20

 

    646

 

  79.2

 

5.501-6.000

 

 

    22,303,165

 

  116

 

    6.46

 

 

 

   192,269

 

 5.861

 

 

   354.96

 

    648

 

  78.1

 

6.001-6.500

 

 

    58,382,624

 

  329

 

  16.92

 

 

 

   177,455

 

 6.327

 

 

   354.05

 

    644

 

  78.3

 

6.501-7.000

 

 

  107,764,132

 

  651

 

  31.24

 

 

 

   165,536

 

 6.801

 

 

   352.89

 

    633

 

  79.3

 

7.001-7.500

 

 

    60,893,737

 

  386

 

  17.65

 

 

 

   157,756

 

 7.283

 

 

   352.18

 

    627

 

  81.0

 

7.501-8.000

 

 

    47,462,538

 

  311

 

  13.76

 

 

 

   152,613

 

 7.793

 

 

   352.43

 

    597

 

  81.1

 

8.001-8.500

 

 

    18,325,218

 

  132

 

    5.31

 

 

 

   138,827

 

 8.288

 

 

   353.08

 

    586

 

  80.7

 

8.501-9.000

 

 

    15,485,753

 

  101

 

    4.49

 

 

 

   153,324

 

 8.804

 

 

   354.75

 

    558

 

  80.0

 

9.001–9.500

 

 

      5,075,568

 

    38

 

    1.47

 

 

 

   133,568

 

 9.259

 

 

   350.91

 

    551

 

  79.9

 

9.501-10.000

 

 

      3,588,504

 

    27

 

    1.04

 

 

 

   132,908

 

 9.839

 

 

   352.56

 

    526

 

  74.3

 

10.001-10.500

 

 

         647,582

 

      4

 

    0.19

 

 

 

   161,896

 

10.233

 

 

   348.50

 

    534

 

  71.0

 

10.501-11.000

 

 

      1,206,022

 

    10

 

    0.35

 

 

 

   120,602

 

10.767

 

 

   353.10

 

    525

 

  71.0

 

11.001-11.500

 

 

         459,674

 

      3

 

    0.13

 

 

 

   153,225

 

11.401

 

 

   306.81

 

    538

 

  66.4

 

11.501-12.000

 

 

         470,742

 

      2

 

    0.14

 

 

 

   235,371

 

11.619

 

 

   354.95

 

    553

 

  63.5

 

12.001-12.500

 

 

         128,418

 

      1

 

    0.04

 

 

 

   128,418

 

12.500

 

 

   349.00

 

    516

 

  80.0

 

Total/Avg./Wtd. Avg

 

$

  345,000,176

 

2,126

 

100.00

%

 

$

   162,277

 

 7.142

%

 

   353.04

 

    621

 

  79.6

%

____________

*

The Weighted Average Mortgage Rate for the Mortgage Loans in Loan Group 2 as of the Cut-off Date was approximately 7.142% per annum.

Remaining Terms to Stated Maturity for the Mortgage Loans

in Loan Group 2*

Range of Remaining
Terms (months)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

121-180

 

$

      2,806,622

 

       24

 

    0.81

%

 

$

   116,943

 

 7.470

%

 

   175.57

 

    614

 

  78.9

%

181-300

 

 

      1,184,904

 

       10

 

    0.34

 

 

 

   118,490

 

 7.098

 

 

   233.97

 

    648

 

  75.7

 

301-360

 

 

  340,851,998

 

  2,091

 

  98.80

 

 

 

   163,009

 

 7.139

 

 

   354.86

 

    621

 

  79.6

 

361 or greater

 

 

         156,652

 

        1

 

    0.05

 

 

 

   156,652

 

 6.500

 

 

   475.00

 

    672

 

  62.8

 

Total/Avg./Wtd. Avg

 

$

  345,000,176

 

  2,126

 

100.00

%

 

$

   162,277

 

 7.142

%

 

   353.04

 

    621

 

  79.6

%

____________

*

The weighted average remaining term to maturity of the Mortgage Loans in Loan Group 2 as of the Cut-off Date was approximately 353 months.

 



 

Original Loan-to- Value Ratios for the Mortgage Loans

in Loan Group 2*

Range of Original Loan-
to-Value Ratios(%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

50.00 or Less

 

$

       6,731,601

 

    50

 

    1.95

%

 

$

   134,632

 

 7.540

%

 

   352.60

 

    591

 

  44.0

%

50.01-55.00

 

 

       3,619,947

 

    21

 

    1.05

 

 

 

   172,378

 

 7.531

 

 

   354.90

 

    583

 

  52.6

 

55.01-60.00

 

 

       6,402,754

 

    40

 

    1.86

 

 

 

   160,069

 

 7.635

 

 

   345.94

 

    579

 

  58.2

 

60.01-65.00

 

 

       9,317,805

 

    58

 

    2.70

 

 

 

   160,652

 

 7.635

 

 

   352.56

 

    569

 

  62.9

 

65.01-70.00

 

 

     15,174,427

 

    94

 

    4.40

 

 

 

   161,430

 

 7.445

 

 

   350.06

 

    577

 

  68.5

 

70.01-75.00

 

 

     19,715,657

 

  117

 

    5.71

 

 

 

   168,510

 

 7.343

 

 

   354.81

 

    591

 

  73.8

 

75.01-80.00

 

 

   191,677,752

 

1,211

 

  55.56

 

 

 

   158,281

 

 6.858

 

 

   353.91

 

    638

 

  79.8

 

80.01-85.00

 

 

     33,457,396

 

  191

 

    9.70

 

 

 

   175,170

 

 7.366

 

 

   352.94

 

    599

 

  84.3

 

85.01-90.00

 

 

     43,126,472

 

  252

 

  12.50

 

 

 

   171,137

 

 7.502

 

 

   350.49

 

    609

 

  89.6

 

90.01-95.00

 

 

       6,949,888

 

    39

 

    2.01

 

 

 

   178,202

 

 7.985

 

 

   351.48

 

    627

 

  94.7

 

95.01-100.00

 

 

       8,826,476

 

    53

 

    2.56

 

 

 

   166,537

 

 7.703

 

 

   354.46

 

    655

 

  99.9

 

Total/Avg./Wtd. Avg

 

$

   345,000,176

 

2,126

 

100.00

%

 

$

   162,277

 

 7.142

%

 

   353.04

 

    621

 

  79.6

%

____________

*

The Weighted Average Original Loan-to-Value Ratio at origination of the Mortgage Loans in Loan Group 2 as of the Cut-off Date was approximately 79.58%.

 



 

State Distribution of the Mortgaged Properties for

the Mortgage Loans in Loan Group 2

State

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

Alabama

 

$

      2,041,321

 

    18

 

    0.59

%

 

$

  113,407

 

 7.525

%

 

   346.18

 

    598

 

  80.7

%

Arizona

 

 

    15,271,415

 

    92

 

    4.43

 

 

 

  165,994

 

 7.027

 

 

   353.20

 

    638

 

  82.5

 

Arkansas

 

 

         310,372

 

      5

 

    0.09

 

 

 

    62,074

 

 8.532

 

 

   354.17

 

    606

 

  76.9

 

California

 

 

    55,328,130

 

  236

 

  16.04

 

 

 

  234,441

 

 6.872

 

 

   355.14

 

    625

 

  74.9

 

Colorado

 

 

      5,477,735

 

    35

 

    1.59

 

 

 

  156,507

 

 6.734

 

 

   340.56

 

    638

 

  79.5

 

Connecticut

 

 

      4,393,643

 

    23

 

    1.27

 

 

 

  191,028

 

 7.427

 

 

   354.68

 

    598

 

  78.4

 

Delaware

 

 

         998,746

 

      7

 

    0.29

 

 

 

  142,678

 

 6.543

 

 

   354.42

 

    638

 

  82.7

 

Florida

 

 

    35,984,825

 

  215

 

  10.43

 

 

 

  167,371

 

 7.334

 

 

   354.25

 

    624

 

  79.8

 

Georgia

 

 

    11,186,110

 

    82

 

    3.24

 

 

 

  136,416

 

 7.315

 

 

   352.23

 

    609

 

  81.2

 

Hawaii

 

 

      1,217,741

 

      4

 

    0.35

 

 

 

  304,435

 

 7.051

 

 

   355.65

 

    620

 

  74.8

 

Idaho

 

 

      1,246,718

 

    11

 

    0.36

 

 

 

  113,338

 

 7.276

 

 

   353.83

 

    606

 

  80.3

 

Illinois

 

 

    18,489,633

 

  105

 

    5.36

 

 

 

  176,092

 

 7.153

 

 

   354.81

 

    622

 

  81.8

 

Indiana

 

 

      5,526,875

 

    52

 

    1.60

 

 

 

  106,286

 

 7.211

 

 

   348.51

 

    625

 

  82.0

 

Iowa

 

 

      1,150,486

 

    13

 

    0.33

 

 

 

    88,499

 

 7.535

 

 

   354.02

 

    638

 

  80.3

 

Kansas

 

 

      1,990,058

 

    16

 

    0.58

 

 

 

  124,379

 

 7.277

 

 

   355.43

 

    634

 

  83.9

 

Kentucky

 

 

      3,310,156

 

    26

 

    0.96

 

 

 

  127,314

 

 7.154

 

 

   354.30

 

    624

 

  81.1

 

Louisiana

 

 

         723,260

 

      7

 

    0.21

 

 

 

  103,323

 

 7.463

 

 

   352.46

 

    612

 

  81.5

 

Maine

 

 

      1,643,405

 

    11

 

    0.48

 

 

 

  149,400

 

 7.174

 

 

   355.14

 

    622

 

  81.4

 

Maryland

 

 

    15,666,964

 

    74

 

    4.54

 

 

 

  211,716

 

 7.108

 

 

   355.19

 

    614

 

  79.1

 

Massachusetts

 

 

      5,456,127

 

    25

 

    1.58

 

 

 

  218,245

 

 6.577

 

 

   351.43

 

    642

 

  81.1

 

Michigan

 

 

    15,306,609

 

  109

 

    4.44

 

 

 

  140,428

 

 7.576

 

 

   353.89

 

    607

 

  81.0

 

Minnesota

 

 

      7,098,400

 

    42

 

    2.06

 

 

 

  169,010

 

 6.985

 

 

   349.24

 

    620

 

  81.4

 

Mississippi

 

 

         372,927

 

      4

 

    0.11

 

 

 

    93,232

 

 7.525

 

 

   308.63

 

    593

 

  86.5

 

Missouri

 

 

      6,182,850

 

    50

 

    1.79

 

 

 

  123,657

 

 7.372

 

 

   353.96

 

    617

 

  81.5

 

Montana

 

 

         706,532

 

      6

 

    0.20

 

 

 

  117,755

 

 6.871

 

 

   353.97

 

    625

 

  81.7

 

Nebraska

 

 

         101,471

 

      1

 

    0.03

 

 

 

  101,471

 

 6.800

 

 

   354.00

 

    635

 

  80.0

 

Nevada

 

 

    10,815,686

 

    54

 

    3.13

 

 

 

  200,290

 

 7.192

 

 

   355.16

 

    610

 

  78.4

 

New Hampshire

 

 

      1,603,314

 

      9

 

    0.46

 

 

 

  178,146

 

 6.813

 

 

   351.63

 

    594

 

  77.9

 

New Jersey

 

 

    10,726,275

 

    54

 

    3.11

 

 

 

  198,635

 

 7.344

 

 

   355.04

 

    608

 

  76.5

 

New Mexico

 

 

         851,231

 

      5

 

    0.25

 

 

 

  170,246

 

 7.374

 

 

   345.16

 

    618

 

  74.3

 

New York

 

 

      9,526,674

 

    40

 

    2.76

 

 

 

  238,167

 

 6.968

 

 

   354.87

 

    627

 

  76.4

 

North Carolina

 

 

    10,734,175

 

    89

 

    3.11

 

 

 

  120,609

 

 7.162

 

 

   349.53

 

    620

 

  82.4

 

North Dakota

 

 

           75,705

 

      1

 

    0.02

 

 

 

    75,705

 

 7.340

 

 

   355.00

 

    632

 

  80.0

 

Ohio

 

 

    12,416,465

 

  104

 

    3.60

 

 

 

  119,389

 

 7.032

 

 

   353.92

 

    625

 

  83.5

 

Oklahoma

 

 

      1,544,275

 

    14

 

    0.45

 

 

 

  110,305

 

 7.478

 

 

   353.76

 

    616

 

  80.4

 

Oregon

 

 

      4,939,539

 

    31

 

    1.43

 

 

 

  159,340

 

 6.594

 

 

   353.97

 

    634

 

  80.4

 

Pennsylvania

 

 

    10,946,294

 

    83

 

    3.17

 

 

 

  131,883

 

 7.307

 

 

   348.49

 

    613

 

  80.7

 

Rhode Island

 

 

      2,428,291

 

    13

 

    0.70

 

 

 

  186,792

 

 6.802

 

 

   346.79

 

    623

 

  74.8

 

South Carolina

 

 

      5,266,536

 

    49

 

    1.53

 

 

 

  107,480

 

 7.449

 

 

   344.86

 

    624

 

  82.2

 

South Dakota

 

 

         181,438

 

      1

 

    0.05

 

 

 

  181,438

 

 5.550

 

 

   354.00

 

    672

 

  79.7

 

Tennessee

 

 

      5,873,302

 

    54

 

    1.70

 

 

 

  108,765

 

 7.513

 

 

   353.31

 

    621

 

  84.3

 

Texas

 

 

      7,399,004

 

    63

 

    2.14

 

 

 

  117,445

 

 7.210

 

 

   352.02

 

    622

 

  81.0

 

Utah

 

 

      1,412,384

 

      9

 

    0.41

 

 

 

  156,932

 

 7.729

 

 

   354.03

 

    613

 

  81.3

 

Virginia

 

 

    16,879,416

 

    93

 

    4.89

 

 

 

  181,499

 

 7.206

 

 

   351.40

 

    612

 

  79.4

 

Washington

 

 

      7,342,701

 

    42

 

    2.13

 

 

 

  174,826

 

 6.865

 

 

   354.86

 

    627

 

  80.0

 

West Virginia

 

 

      1,140,153

 

    11

 

    0.33

 

 

 

  103,650

 

 7.420

 

 

   354.10

 

    625

 

  82.2

 

Wisconsin

 

 

      5,147,407

 

    33

 

    1.49

 

 

 

  155,982

 

 7.315

 

 

   350.25

 

    639

 

  82.2

 

Wyoming

 

 

         567,400

 

      5

 

    0.16

 

 

 

  113,480

 

 6.548

 

 

   354.89

 

    630

 

  78.1

 

Total/Avg./Wtd. Avg

 

$

  345,000,176

 

2,126

 

100.00

%

 

$

  162,277

 

 7.142

%

 

   353.04

 

    621

 

  79.6

%

 

 



 

Credit Bureau Risk Scores(1) for the Mortgage Loans

in Loan Group 2*

Range of Credit Bureau

Risk Scores

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

761–780

 

$

         512,051

 

      2

 

    0.15

%

 

$

  256,026

 

 5.999

%

 

   355.67

 

    769

 

  80.0

%

741–760

 

 

      4,266,117

 

    22

 

    1.24

 

 

 

  193,914

 

 6.430

 

 

   356.44

 

    751

 

  82.9

 

721–740

 

 

      6,835,636

 

    36

 

    1.98

 

 

 

  189,879

 

 6.740

 

 

   356.02

 

    728

 

  81.9

 

701–720

 

 

      9,752,880

 

    56

 

    2.83

 

 

 

  174,159

 

 6.669

 

 

   350.04

 

    711

 

  80.9

 

681–700

 

 

    16,446,859

 

    91

 

    4.77

 

 

 

  180,735

 

 6.736

 

 

   355.53

 

    690

 

  82.1

 

661–680

 

 

    29,723,801

 

  170

 

    8.62

 

 

 

  174,846

 

 6.813

 

 

   355.32

 

    669

 

  79.9

 

641–660

 

 

    49,378,403

 

  315

 

  14.31

 

 

 

  156,757

 

 6.903

 

 

   352.69

 

    650

 

  79.7

 

621–640

 

 

    65,819,371

 

  400

 

  19.08

 

 

 

  164,548

 

 6.795

 

 

   353.22

 

    631

 

  80.7

 

601–620

 

 

    48,678,573

 

  326

 

  14.11

 

 

 

  149,321

 

 7.114

 

 

   350.82

 

    610

 

  81.0

 

581–600

 

 

    51,188,062

 

  343

 

  14.84

 

 

 

  149,236

 

 7.278

 

 

   352.56

 

    591

 

  80.3

 

561–580

 

 

    24,617,097

 

  145

 

    7.14

 

 

 

  169,773

 

 7.420

 

 

   352.74

 

    572

 

  78.0

 

541–560

 

 

    10,898,114

 

    68

 

    3.16

 

 

 

  160,266

 

 7.989

 

 

   354.34

 

    552

 

  75.4

 

521–540

 

 

      4,365,128

 

    32

 

    1.27

 

 

 

  136,410

 

 8.359

 

 

   345.12

 

    533

 

  74.4

 

501–520

 

 

    20,359,546

 

  109

 

    5.90

 

 

 

  186,785

 

 8.738

 

 

   355.12

 

    511

 

  71.9

 

500 or Less

 

 

      2,158,538

 

    11

 

    0.63

 

 

 

  196,231

 

 8.279

 

 

   355.98

 

    500

 

  70.3

 

Total/Avg./Wtd. Avg

 

$

  345,000,176

 

2,126

 

100.00

%

 

$

  162,277

 

 7.142

%

 

   353.04

 

    621

 

  79.6

%

______________________

(1)

The Credit Bureau Risk Scores referenced in this table with respect to substantially all of the Mortgage Loans in Loan Group 2 were obtained by the respective originators from one or more credit reporting agencies, and were determined at the time of origination.

*

The weighted average Credit Bureau Risk Score of the Mortgage Loans in Loan Group 2 as of the Cut-off Date was approximately 621.

Gross Margins for the Adjustable Rate Mortgage Loans

In Loan Group 2*

Range of Gross
Margins (%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

2.001-3.000

 

$

         373,209

 

      2

 

    0.14

%

 

$

    186,605

 

 6.895

%

 

   352.69

 

    596

 

  89.4

%

3.001-4.000

 

 

      1,648,598

 

      8

 

    0.64

 

 

 

    206,075

 

 6.385

 

 

   354.11

 

    629

 

  79.3

 

4.001-5.000

 

 

    18,570,117

 

  102

 

    7.21

 

 

 

    182,060

 

 6.218

 

 

   354.77

 

    638

 

  80.3

 

5.001-6.000

 

 

  101,327,481

 

  546

 

  39.34

 

 

 

    185,581

 

 6.734

 

 

   355.17

 

    634

 

  80.2

 

6.001-7.000

 

 

  105,127,947

 

  621

 

  40.81

 

 

 

    169,288

 

 7.415

 

 

   355.05

 

    609

 

  79.6

 

7.001-8.000

 

 

    30,528,066

 

  198

 

  11.85

 

 

 

    154,182

 

 7.943

 

 

   353.79

 

    593

 

  83.0

 

Total/Avg./Wtd. Avg

 

$

  257,575,418

 

1,477

 

100.00

%

 

$

    174,391

 

 7.116

%

 

   354.92

 

    619

 

  80.3

%

_____________

*

The weighted average Gross Margin for the Mortgage Loans in Loan Group 2 as of the Cut-off Date was approximately 6.199%.

 



 

Next Adjustment Date for the Adjustable Rate Mortgage Loans

in Loan Group 2*

Next Adjustment Date

Aggregate
Principal
Balance
Outstanding

Number
of Loans

Percent of
Aggregate
Principal
Balance
Outstanding

Average
Principal
Balance

Weighted
Average
Mortgage
Rate

Weighted
Average
Remaining
Term to
Maturity
(months)

Weighted
Average
Credit
Score

Weighted
Average
Original
Loan-to-
Value
Ratio

January 2006

$       321,162

      2

    0.12%

$160,581

 6.314%

   348.60

    639

  78.3%

June 2006

         192,647

      2

    0.07

    96,323

 5.970

   354.00

    602

  68.6

July 2006

         868,806

      5

    0.34

  173,761

 6.866

   351.72

    636

  80.9

August 2006

      1,484,448

      7

    0.58

  212,064

 8.111

   353.92

    572

  78.0

October 2006

         234,365

      1

    0.09

  234,365

 6.300

   346.00

    590

  80.0

November 2006

         663,428

      4

    0.26

  165,857

 7.553

   347.00

    591

  86.0

December 2006

      1,957,359

    17

    0.76

  115,139

 7.951

   348.65

    550

  77.7

January 2007

      4,231,656

    29

    1.64

  145,919

 7.964

   349.15

    569

  82.6

February 2007

      3,072,101

    18

    1.19

  170,672

 7.536

   350.39

    583

  83.7

March 2007

      1,306,562

      9

    0.51

  145,174

 7.115

   351.00

    592

  81.3

April 2007

      1,564,340

    11

    0.61

  142,213

 7.722

   352.00

    599

  80.6

May 2007

    11,275,492

    70

    4.38

  161,078

 6.788

   353.18

    623

  79.1

June 2007

    56,645,274

  323

  21.99

  175,372

 6.920

   354.00

    618

  80.8

July 2007

    29,590,207

  160

  11.49

  184,939

 7.071

   355.00

    612

  80.4

August 2007

    63,600,524

  351

  24.69

  181,198

 7.175

   356.08

    619

  79.6

September 2007

    37,376,565

  205

  14.51

  182,325

 7.183

   357.00

    637

  79.8

October 2007

      1,240,398

      8

    0.48

  155,050

 7.272

   358.00

    614

  82.8

November 2007

         355,463

      2

    0.14

  177,731

 7.589

   348.00

    534

  71.9

December 2007

         806,094

      5

    0.31

  161,219

 7.677

   348.73

    568

  83.1

January 2008

         910,247

      6

    0.35

  151,708

 7.578

   349.11

    573

  83.8

February 2008

         525,569

      5

    0.20

  105,114

 7.362

   350.38

    619

  74.0

March 2008

         304,320

      2

    0.12

  152,160

 7.849

   351.00

    620

  95.0

April 2008

         500,950

      5

    0.19

  100,190

 8.310

   352.00

    589

  83.6

May 2008

         744,220

      4

    0.29

  186,055

 6.361

   353.00

    618

  81.6

June 2008

    15,257,444

    94

    5.92

  162,313

 6.863

   354.00

    616

  81.2

July 2008

      7,928,647

    53

    3.08

  149,597

 7.388

   355.00

    622

  79.9

August 2008

      9,538,462

    51

    3.70

  187,029

 7.270

   356.03

    638

  81.4

September 2008

      4,167,270

    24

    1.62

  173,636

 7.303

   357.00

    640

  80.7

October 2008

         176,000

      1

    0.07

  176,000

 7.500

   358.00

    654

  80.0

May 2010

         153,452

      1

    0.06

  153,452

 6.750

   353.00

    597

  80.0

August 2010

         294,833

      1

    0.11

  294,833

 6.090

   356.00

    724

  80.0

September 2010

              287,111

            1

            0.11

        287,111

      6.225

      357.00

          699

          80.0

Total/Avg./Wtd. Avg

$257,575,418

1,477

100.00%

$174,391

 7.116%

   354.92

    619

  80.3%

 

______________

*

The weighted average number of months to next Adjustment Date for the adjustable rate Mortgage Loans in Loan Group 2 as of the Cut-off Date is 21 months.

 



 

Maximum Mortgage Rates for the Adjustable Rate Mortgage Loans

in Loan Group 2*

Range of Maximum
Mortgage Rates (%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

11.001-11.500

 

$

      3,319,844

 

    16

 

    1.29

%

 

$

  207,490

 

 5.701

%

 

   355.03

 

    643

 

  79.5

%

11.501-12.000

 

 

    10,727,868

 

    61

 

    4.16

 

 

 

  175,867

 

 5.852

 

 

   354.56

 

    634

 

  79.3

 

12.001-12.500

 

 

    27,299,389

 

  158

 

  10.60

 

 

 

  172,781

 

 6.312

 

 

   354.59

 

    628

 

  80.0

 

12.501-13.000

 

 

    50,129,861

 

  287

 

  19.46

 

 

 

  174,669

 

 6.648

 

 

   354.53

 

    627

 

  80.0

 

13.001-13.500

 

 

    39,824,166

 

  220

 

  15.46

 

 

 

  181,019

 

 6.873

 

 

   355.03

 

    636

 

  80.2

 

13.501-14.000

 

 

    56,044,840

 

  322

 

  21.76

 

 

 

  174,052

 

 7.126

 

 

   355.12

 

    628

 

  81.2

 

14.001-14.500

 

 

    22,505,110

 

  138

 

    8.74

 

 

 

  163,081

 

 7.384

 

 

   355.44

 

    635

 

  82.2

 

14.501-15.000

 

 

    19,258,205

 

  113

 

    7.48

 

 

 

  170,427

 

 7.970

 

 

   355.14

 

    591

 

  81.1

 

15.001-15.500

 

 

    11,751,637

 

    69

 

    4.56

 

 

 

  170,314

 

 8.337

 

 

   355.11

 

    576

 

  79.9

 

15.501-16.000

 

 

      9,931,762

 

    51

 

    3.86

 

 

 

  194,740

 

 8.901

 

 

   355.18

 

    540

 

  77.9

 

16.001-16.500

 

 

      2,885,404

 

    18

 

    1.12

 

 

 

  160,300

 

 9.076

 

 

   354.37

 

    542

 

  79.1

 

16.501-17.000

 

 

      2,346,153

 

    15

 

    0.91

 

 

 

  156,410

 

10.009

 

 

   355.37

 

    509

 

  72.1

 

17.001-17.500

 

 

         721,321

 

      4

 

    0.28

 

 

 

  180,330

 

10.455

 

 

   350.01

 

    525

 

  68.1

 

17.501-18.000

 

 

         582,836

 

      4

 

    0.23

 

 

 

  145,709

 

11.148

 

 

   354.13

 

    552

 

  61.6

 

18.001-19.000

 

 

         247,023

 

      1

 

    0.10

 

 

 

  247,023

 

11.590

 

 

   354.00

 

    515

 

  75.0

 

Total/Avg./Wtd. Avg

 

$

  257,575,418

 

1,477

 

100.00

%

 

$

  174,391

 

 7.116

%

 

   354.92

 

    619

 

  80.3

%

_________________

*

The weighted average Maximum Mortgage Rate for the adjustable rate Mortgage Loans in Loan Group 2 as of the Cut-off Date was approximately 13.601% per annum.

Initial Periodic Rate Cap for the Adjustable Rate Mortgage Loans

in Loan Group 2*

Initial Periodic

Rate Cap (%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

1.500

 

$

      9,636,146

 

      60

 

    3.74

%

 

$

  160,602

 

 7.407

%

 

   354.87

 

  633

 

  78.1

%

2.000

 

 

    13,730,074

 

      61

 

    5.33

 

 

 

  225,083

 

 6.596

 

 

   355.69

 

  670

 

  80.3

 

3.000

 

 

  234,209,199

 

 1,356

 

  90.93

 

 

 

  172,721

 

 7.135

 

 

   354.88

 

  616

 

  80.4

 

Total/Avg./Wtd. Avg

 

$

  257,575,418

 

 1,477

 

100.00

%

 

$

  174,391

 

 7.116

%

 

   354.92

 

  619

 

  80.3

%

________________

*

The weighted average Initial Periodic Rate Cap for the adjustable rate Mortgage Loans in Loan Group 2 as of the Cut-off Date was approximately 2.891%.

 



 

Subsequent Periodic Rate Cap for the Adjustable Rate Mortgage Loans in Loan Group 2*

Subsequent

Periodic Rate Cap (%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

1.000

 

$

  171,514,419

 

1,017

 

  66.59

%

 

$

  168,647

 

 6.970

%

 

   354.80

 

  622

 

  81.1

%

1.500

 

 

    12,279,077

 

    74

 

    4.77

 

 

 

  165,933

 

 7.402

 

 

   354.67

 

  627

 

  78.7

 

2.000

 

 

    73,781,923

 

  386

 

  28.64

 

 

 

  191,145

 

 7.410

 

 

   355.24

 

  611

 

  78.6

 

Total/Avg./Wtd. Avg

 

$

  257,575,418

 

1,477

 

100.00

%

 

$

  174,391

 

 7.116

%

 

   354.92

 

  619

 

  80.3

%

________________

*

The weighted average Subsequent Periodic Rate Cap for the adjustable rate Mortgage Loans in Loan Group 2 as of the Cut-off Date was approximately 1.310%.

Minimum Mortgage Rates for the Adjustable Rate Mortgage Loans

in Loan Group 2*

Range of

Minimum Mortgage
Rates (%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

4.001 - 5.000

 

$

         103,247

 

      1

 

    0.04

%

 

$

    103,247

 

 4.840

%

 

   356.00

 

   593

 

  80.0

%

5.001 - 6.000

 

 

    22,904,319

 

  120

 

    8.89

 

 

 

    190,869

 

 5.829

 

 

   354.80

 

   647

 

  79.1

 

6.001 - 7.000

 

 

  126,245,449

 

  716

 

  49.01

 

 

 

    176,320

 

 6.657

 

 

   355.06

 

   636

 

  80.0

 

7.001 - 8.000

 

 

    75,010,395

 

  442

 

  29.12

 

 

 

    169,707

 

 7.515

 

 

   354.77

 

   610

 

  81.8

 

8.001 - 9.000

 

 

    25,100,735

 

  150

 

    9.75

 

 

 

    167,338

 

 8.546

 

 

   354.84

 

   565

 

  80.8

 

9.001 - 10.000

 

 

      6,124,164

 

    36

 

    2.38

 

 

 

    170,116

 

 9.437

 

 

   354.98

 

   527

 

  74.5

 

10.001 or Greater

 

 

      2,087,109

 

    12

 

    0.81

 

 

 

    173,926

 

10.835

 

 

   353.43

 

   526

 

  66.7

 

Total/Avg./Wtd. Avg

 

$

  257,575,418

 

1,477

 

100.00

%

 

$

    174,391

 

 7.116

%

 

   354.92

 

   619

 

  80.3

%

________________

*

The weighted average Minimum Mortgage Rate for the adjustable rate Mortgage Loans in Loan Group 2 as of the Cut-off Date was approximately 7.098% per annum.

 



 

Types of Mortgaged Properties for the Mortgage Loans

in Loan Group 2

Property Type

Aggregate

Principal

Balance

Outstanding

Number

of Loans

Percent of

Aggregate

Principal

Balance

Outstanding

Average

Principal

Balance

Weighted

Average

Mortgage

Rate

Weighted

Average

Remaining

Term to

Maturity

(months)

Weighted

Average

Credit

Score

Weighted

Average

Original

Loan-to-

Value

Ratio

Single-Family Residence

$269,342,506

1,705

  78.07%

$ 157,972

 7.132%

   352.84

    620

  79.8%

Planned Unit Development

    43,319,066

  238

  12.56

   182,013

 7.240

   353.82

    614

  79.3

Condominium

    18,991,117

  116

    5.50

   163,717

 7.004

   353.19

    640

  79.6

Two Family

      7,923,966

    43

    2.30

   184,278

 7.162

   353.92

    635

  77.9

Three Family

      2,220,119

      9

    0.64

   246,680

 6.866

   355.40

    633

  72.3

Four Family

      1,289,756

      4

    0.37

   322,439

 8.317

   353.11

    602

  71.3

Single-Family Residence (attached)

         872,262

      5

    0.25

   174,452

 7.089

   355.43

    621

  77.3

Single-Family Residence (detached)

         481,928

      3

    0.14

   160,643

 7.086

   356.08

    689

  77.8

CNDP

         458,769

      2

    0.13

   229,385

 7.159

   354.00

    592

  86.5

Planned Unit Development (detached)

            100,687

            1

            0.03

      100,687

      6.540

      357.00

          583

          80.0

Total/Avg./Wtd. Avg

$345,000,176

2,126

100.00%

$ 162,277

 7.142%

   353.04

    621

  79.6%

 

 

Occupancy Types for the Mortgage Loans

in Loan Group 2(1)

Occupancy

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

Owner Occupied

 

$

  340,153,054

 

2,092

 

  98.60

%

 

$

    162,597

 

 7.136

%

 

   353.14

 

    621

 

  79.6

%

Investment

 

 

      3,678,805

 

    24

 

    1.07

 

 

 

    153,284

 

 7.508

 

 

   350.05

 

    632

 

  74.9

 

Second Home

 

 

      1,168,318

 

    10

 

    0.34

 

 

 

    116,832

 

 7.690

 

 

   333.54

 

    611

 

  80.0

 

Total/Avg./Wtd. Avg

 

$

  345,000,176

 

2,126

 

100.00

%

 

$

    162,277

 

 7.142

%

 

   353.04

 

    621

 

  79.6

%

_____________________

(1)

Based on representations by the Mortgagors at the time of origination of the Mortgage Loans in Loan Group 2.

 



 

Loan Purposes for the Mortgage Loans

in Loan Group 2

Loan Purpose

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

Purchase

 

$

  177,890,629

 

1,111

 

  51.56

%

 

$

  160,118

 

 6.974

%

 

   354.41

 

    642

 

  81.8

%

Refinance – Cash Out

 

 

  141,160,077

 

  839

 

  40.92

 

 

 

  168,248

 

 7.345

 

 

   351.87

 

    596

 

  76.5

 

Refinance – No Cash Out

 

 

    25,949,470

 

  176

 

    7.52

 

 

 

  147,440

 

 7.183

 

 

   349.95

 

    609

 

  81.0

 

Total/Avg./Wtd. Avg

 

$

  345,000,176

 

2,126

 

100.00

%

 

$

  162,277

 

 7.142

%

 

   353.04

 

    621

 

  79.6

%

 

 

Credit Grade Categories for the Mortgage Loans

in Loan Group 2(1)

Credit Grade Category

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

PR

 

$

    30,595,786

 

  170

 

    8.87

%

 

$

  179,975

 

 7.353

%

 

   351.35

 

    595

 

  80.2

%

PP

 

 

  270,811,966

 

1,691

 

  78.50

 

 

 

  160,149

 

 7.002

 

 

   353.21

 

    632

 

  80.4

 

A-

 

 

    12,466,385

 

    75

 

    3.61

 

 

 

  166,218

 

 7.625

 

 

   353.76

 

    579

 

  76.2

 

B

 

 

    17,998,205

 

  109

 

    5.22

 

 

 

  165,121

 

 7.785

 

 

   351.80

 

    569

 

  75.2

 

C

 

 

    10,538,721

 

    66

 

    3.05

 

 

 

  159,678

 

 8.063

 

 

   354.45

 

    564

 

  71.5

 

C-

 

 

      1,183,212

 

      6

 

    0.34

 

 

 

  197,202

 

 9.322

 

 

   355.29

 

    529

 

  55.0

 

D

 

 

      1,405,901

 

      9

 

    0.41

 

 

 

  156,211

 

 8.187

 

 

   353.92

 

    582

 

  70.3

 

Total/Avg./Wtd. Avg

 

$

  345,000,176

 

2,126

 

100.00

%

 

$

  162,277

 

 7.142

%

 

   353.04

 

    621

 

  79.6

%

_________________

(1)

Although the Mortgage Loans in Loan Group 2 were originated by various originators under differing underwriting guidelines the Mortgage Loans in Loan Group 2 loosely correspond to the Countrywide Home Loans credit grades shown in this table. See “—Underwriting Standards” in the prospectus supplement.

 

 



 

Original Term for the Mortgage Loans

in Loan Group 2

Original Term

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

ARM 360

 

$

  257,575,418

 

1,477

 

  74.66

%

 

$

    174,391

 

 7.116

%

 

   354.92

 

    619

 

  80.3

%

Fixed 180

 

 

      2,806,622

 

    24

 

    0.81

 

 

 

    116,943

 

 7.470

 

 

   175.57

 

    614

 

  78.9

 

Fixed 240

 

 

      1,184,904

 

    10

 

    0.34

 

 

 

    118,490

 

 7.098

 

 

   233.97

 

    648

 

  75.7

 

Fixed 360

 

 

    83,433,231

 

  615

 

  24.18

 

 

 

    135,664

 

 7.209

 

 

   354.89

 

    627

 

  77.5

 

Total/Avg./Wtd. Avg

 

$

  345,000,176

 

2,126

 

100.00

%

 

$

    162,277

 

 7.142

%

 

   353.04

 

    621

 

  79.6

%

 

 

Loan Documentation Type for the Mortgage Loans

in Loan Group 2

Loan

Documentation Type

Aggregate

Principal

Balance

Outstanding

Number

of Loans

Percent of

Aggregate

Principal

Balance

Outstanding

Average

Principal

Balance

Weighted

Average

Mortgage

Rate

Weighted

Average

Remaining

Term to

Maturity

(months)

Weighted

Average

Credit

Score

Weighted

Average

Original

Loan-to-

Value

Ratio

Full Documentation

$218,269,780

1,448

  63.27%

$  150,739

 7.044%

   352.48

    613

  79.8%

Stated Income

        126,730,396

        678

          36.73

        186,918

      7.309

      354.00

          636

        79.2

Total/Avg./Wtd. Avg

$345,000,176

2,126

100.00%

$  162,277

 7.142%

   353.04

     621

  79.6%

 

 



 

Original Prepayment Penalty Term for the Mortgage Loans

in Loan Group 2

Original Prepayment
Penalty Term (months)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

0

 

$

    75,594,785

 

  486

 

  21.91

%

 

$

  155,545

 

 7.376

%

 

   352.42

 

    621

 

  79.5

%

6

 

 

         988,354

 

      4

 

    0.29

 

 

 

  247,088

 

 7.275

 

 

   356.35

 

    634

 

  85.7

 

12

 

 

    12,764,694

 

    63

 

    3.70

 

 

 

  202,614

 

 7.091

 

 

   355.01

 

    629

 

  79.1

 

24

 

 

  159,401,080

 

  899

 

  46.20

 

 

 

  177,309

 

 7.064

 

 

   354.76

 

    618

 

  80.0

 

36

 

 

    96,251,264

 

  674

 

  27.90

 

 

 

  142,806

 

 7.092

 

 

   350.37

 

    625

 

  78.9

 

Total/Avg./Wtd. Avg

 

$

  345,000,176

 

2,126

 

100.00

%

 

$

  162,277

 

 7.142

%

 

   353.04

 

    621

 

  79.6

%

 

 

Months to Next Adjustment Date for the Adjustable Rate Mortgage Loans in Loan Group 2

Range of

Months to Next
Adjustment Date

 

Weighted
Average
Months to
Next
Adjustment
Date

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

0-6

 

            3

 

$

         513,809

 

      4

 

    0.20

%

 

$

    128,452

 

 6.185

%

 

   350.62

 

  625

 

  74.7

%

7-12

 

            9

 

 

      3,943,374

 

    24

 

    1.53

 

 

 

    164,307

 

 7.682

 

 

   350.76

 

  582

 

  79.1

 

13-18

 

          17

 

 

    79,360,458

 

  470

 

  30.81

 

 

 

    168,852

 

 7.012

 

 

   353.32

 

  613

 

  80.7

 

19-24

 

          20

 

 

  132,380,422

 

  727

 

  51.39

 

 

 

    182,091

 

 7.159

 

 

   356.08

 

  622

 

  79.9

 

25-31

 

          30

 

 

    26,760,228

 

  173

 

  10.39

 

 

 

    154,683

 

 7.086

 

 

   353.85

 

  614

 

  80.8

 

32-37

 

          32

 

 

    13,881,732

 

    76

 

    5.39

 

 

 

    182,654

 

 7.283

 

 

   356.35

 

  639

 

  81.2

 

38 or Greater

 

          56

 

 

         735,396

 

      3

 

    0.29

 

 

 

    245,132

 

 6.280

 

 

   355.76

 

  688

 

  80.0

 

Total/Avg./Wtd. Avg

 

 

 

$

  257,575,418

 

1,477

 

100.00

%

 

$

    174,391

 

 7.116

%

 

   354.92

 

  619

 

  80.3

%

 

 



 

Mortgage Loan Programs for the Mortgage Loans

in Loan Group 3

Loan Programs

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

30Y LIB6M

 

$

        310,433

 

      2

 

    0.12

%

 

$

     155,217

 

 6.905

%

 

   355.00

 

    580

 

  87.9

%

1/29 LIB6M

 

 

         794,726

 

      2

 

    0.31

 

 

 

     397,363

 

 7.365

 

 

   356.00

 

    573

 

  77.6

 

2/28 LIB6M

 

 

    62,099,936

 

  206

 

  24.55

 

 

 

     301,456

 

 7.508

 

 

   354.84

 

    598

 

  80.0

 

2/28 LIB6M - IO - 120

 

 

         252,000

 

      1

 

    0.10

 

 

 

     252,000

 

 6.500

 

 

   357.00

 

    620

 

  80.0

 

2/28 LIB6M - IO - 24

 

 

    10,334,397

 

    29

 

    4.08

 

 

 

     356,359

 

 6.610

 

 

   354.24

 

    619

 

  80.6

 

2/28 LIB6M - IO - 60

 

 

    86,266,329

 

  328

 

  34.10

 

 

 

     263,007

 

 6.738

 

 

   354.67

 

    617

 

  79.9

 

2/28 LIB6M 40/30 Balloon

 

 

         295,993

 

      1

 

    0.12

 

 

 

     295,993

 

 7.990

 

 

   357.00

 

    565

 

  75.0

 

3/27 LIB6M

 

 

      9,854,171

 

    36

 

    3.89

 

 

 

     273,727

 

 7.350

 

 

   354.38

 

    607

 

  80.9

 

3/27 LIB6M - IO - 36

 

 

         963,800

 

      4

 

    0.38

 

 

 

     240,950

 

 6.983

 

 

   354.00

 

    611

 

  81.7

 

3/27 LIB6M - IO - 60

 

 

    13,288,726

 

    50

 

    5.25

 

 

 

     265,775

 

 7.287

 

 

   355.27

 

    625

 

  82.3

 

5/25 LIB6M - IO - 60

 

 

      1,351,750

 

      4

 

    0.53

 

 

 

     337,938

 

 6.868

 

 

   353.00

 

    620

 

  78.6

 

10Yr Fixed

 

 

         241,895

 

      2

 

    0.10

 

 

 

     120,948

 

 6.318

 

 

   114.00

 

    657

 

  54.8

 

15Yr Fixed

 

 

      2,060,765

 

    16

 

    0.81

 

 

 

     128,798

 

 6.651

 

 

   173.68

 

    638

 

  58.6

 

20Yr Fixed

 

 

      1,547,665

 

    10

 

    0.61

 

 

 

     154,766

 

 6.527

 

 

   234.08

 

    658

 

  73.1

 

30Yr Fixed

 

 

    54,465,402

 

  255

 

  21.53

 

 

 

     213,590

 

 6.696

 

 

   354.19

 

    650

 

  73.5

 

15Yr Fixed - IO - 60

 

 

         155,200

 

      1

 

    0.06

 

 

 

     155,200

 

 6.820

 

 

   176.00

 

    635

 

  80.0

 

30Yr Fixed - IO - 120

 

 

      1,373,315

 

      4

 

    0.54

 

 

 

     343,329

 

 6.883

 

 

   355.48

 

    647

 

  74.6

 

30Yr Fixed - IO - 60

 

 

      6,119,475

 

    22

 

    2.42

 

 

 

     278,158

 

 7.025

 

 

   355.50

 

    647

 

  74.2

 

40/30 Fixed Balloon

 

 

      1,223,571

 

      3

 

    0.48

 

 

 

     407,857

 

 5.861

 

 

   354.00

 

    689

 

  79.6

 

Total/Avg./Wtd. Avg

 

$

  252,999,548

 

  976

 

100.00

%

 

$

     259,221

 

 6.972

%

 

   352.08

 

    621

 

  78.3

%

 

 



 

Mortgage Loan Principal Balances for the Mortgage Loans

in Loan Group 3*

Range of Mortgage

Loan Principal Balances

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

$25,000.01 - $50,000.00

 

$

       190,779

 

      4

 

    0.08

%

 

$

     47,695

 

 8.096

%

 

   349.87

 

    589

 

  77.9

%

$50,000.01 - $75,000.00

 

 

      1,996,247

 

    31

 

    0.79

 

 

 

     64,395

 

 8.005

 

 

   327.56

 

    611

 

  72.1

 

$75,000.01 - $100,000.00

 

 

      5,235,551

 

    59

 

    2.07

 

 

 

     88,738

 

 7.530

 

 

   343.78

 

    625

 

  79.3

 

$100,000.01 - $150,000.00

 

 

    24,182,520

 

  193

 

    9.56

 

 

 

   125,298

 

 7.087

 

 

   346.25

 

    616

 

  78.8

 

$150,000.01 - $200,000.00

 

 

    26,541,058

 

  152

 

  10.49

 

 

 

   174,612

 

 6.846

 

 

   348.37

 

    612

 

  77.2

 

$200,000.01 - $250,000.00

 

 

    22,727,865

 

  100

 

    8.98

 

 

 

   227,279

 

 6.757

 

 

   352.08

 

    624

 

  77.6

 

$250,000.01 - $300,000.00

 

 

    22,789,005

 

    83

 

    9.01

 

 

 

   274,566

 

 6.693

 

 

   350.62

 

    623

 

  76.0

 

$300,000.01 - $350,000.00

 

 

      9,405,329

 

    29

 

    3.72

 

 

 

   324,322

 

 6.837

 

 

   353.60

 

    613

 

  79.4

 

$350,000.01 - $400,000.00

 

 

    55,598,092

 

  147

 

  21.98

 

 

 

   378,218

 

 7.009

 

 

   353.79

 

    619

 

  79.6

 

$400,000.01 - $450,000.00

 

 

    34,389,765

 

    81

 

  13.59

 

 

 

   424,565

 

 7.146

 

 

   355.30

 

    632

 

  80.6

 

$450,000.01 - $500,000.00

 

 

    27,552,511

 

    58

 

  10.89

 

 

 

   475,043

 

 7.076

 

 

   354.99

 

    611

 

  77.6

 

$500,000.01 - $550,000.00

 

 

    10,384,792

 

    20

 

    4.10

 

 

 

   519,240

 

 7.048

 

 

   355.00

 

    635

 

  77.7

 

$550,000.01 - $600,000.00

 

 

      5,230,196

 

      9

 

    2.07

 

 

 

   581,133

 

 6.474

 

 

   354.48

 

    639

 

  77.8

 

$600,000.01 - $650,000.00

 

 

      4,443,718

 

      7

 

    1.76

 

 

 

   634,817

 

 6.628

 

 

   355.16

 

    625

 

  71.7

 

$700,000.01 - $750,000.00

 

 

      1,484,600

 

      2

 

    0.59

 

 

 

   742,300

 

 6.737

 

 

   355.51

 

    638

 

  77.5

 

$800,000.01 - $850,000.00

 

 

         847,523

 

      1

 

    0.33

 

 

 

   847,523

 

 7.640

 

 

   356.00

 

    664

 

  76.2

 

Total/Avg./Wtd. Avg

 

$

  252,999,548

 

  976

 

100.00

%

 

$

   259,221

 

 6.972

%

 

   352.08

 

    621

 

  78.3

%

____________

*

The Average Principal Balance of the Mortgage Loans in Loan Group 3 as of the Cut-off Date was approximately $259,221.

 

 

Mortgage Rates for the Mortgage Loans

in Loan Group 3*

Range of Mortgage
Rates(%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

4.501 - 5.000

 

$

      1,332,071

 

      3

 

    0.53

%

 

$

   444,024

 

 4.936

%

 

   348.43

 

    602

 

  85.2

%

5.001 - 5.500

 

 

      6,740,377

 

    18

 

    2.66

 

 

 

   374,465

 

 5.308

 

 

   353.43

 

    694

 

  71.4

 

5.501 - 6.000

 

 

    29,031,542

 

  100

 

  11.47

 

 

 

   290,315

 

 5.891

 

 

   347.93

 

    652

 

  74.4

 

6.001 - 6.500

 

 

    45,014,585

 

  191

 

  17.79

 

 

 

   235,678

 

 6.324

 

 

   351.90

 

    633

 

  77.1

 

6.501 - 7.000

 

 

    78,808,018

 

  306

 

  31.15

 

 

 

   257,543

 

 6.813

 

 

   352.19

 

    618

 

  78.3

 

7.001 - 7.500

 

 

    34,267,645

 

  132

 

  13.54

 

 

 

   259,603

 

 7.289

 

 

   351.76

 

    619

 

  78.6

 

7.501 - 8.000

 

 

    31,030,195

 

  101

 

  12.26

 

 

 

   307,230

 

 7.817

 

 

   353.78

 

    600

 

  81.0

 

8.001 - 8.500

 

 

      8,388,395

 

    32

 

    3.32

 

 

 

   262,137

 

 8.290

 

 

   355.10

 

    596

 

  81.7

 

8.501 - 9.000

 

 

    11,911,193

 

    59

 

    4.71

 

 

 

   201,885

 

 8.791

 

 

   355.05

 

    584

 

  83.9

 

9.001 - 9.500

 

 

      3,633,550

 

    20

 

    1.44

 

 

 

   181,678

 

 9.242

 

 

   353.24

 

    576

 

  82.6

 

9.501 - 10.000

 

 

      1,717,342

 

    11

 

    0.68

 

 

 

   156,122

 

 9.825

 

 

   354.20

 

    586

 

  87.8

 

10.001 - 10.500

 

 

         463,210

 

      1

 

    0.18

 

 

 

   463,210

 

10.250

 

 

   356.00

 

    513

 

  80.0

 

10.501 - 11.000

 

 

         661,426

 

      2

 

    0.26

 

 

 

   330,713

 

10.634

 

 

   357.00

 

    506

 

  70.0

 

Total/Avg./Wtd. Avg

 

$

  252,999,548

 

  976

 

100.00

%

 

$

   259,221

 

 6.972

%

 

   352.08

 

    621

 

  78.3

%

_____________

*

The Weighted Average Mortgage Rate for the Mortgage Loans in Loan Group 3 as of the Cut-off Date was approximately 6.972% per annum.

 



 

Remaining Terms to Stated Maturity for the Mortgage Loans

in Loan Group 3*

Range of Remaining
Terms (months)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

1 - 120

 

$

         241,895

 

     2

 

    0.10

%

 

$

   120,948

 

 6.318

%

 

   114.00

 

    657

 

  54.8

%

121 - 180

 

 

      2,215,965

 

   17

 

    0.88

 

 

 

   130,351

 

 6.663

 

 

   173.84

 

    638

 

  60.1

 

181 - 300

 

 

      1,547,665

 

   10

 

    0.61

 

 

 

   154,766

 

 6.527

 

 

   234.08

 

    658

 

  73.1

 

301 - 360

 

 

  248,994,023

 

 947

 

  98.42

 

 

 

   262,929

 

 6.978

 

 

   354.63

 

    621

 

  78.6

 

Total/Avg./Wtd. Avg

 

$

  252,999,548

 

 976

 

100.00

%

 

$

   259,221

 

 6.972

%

 

   352.08

 

    621

 

  78.3

%

____________

*

The weighted average remaining term to maturity of the Mortgage Loans in Loan Group 3 as of the Cut-off Date was approximately 352 months.

Original Loan-to-Value Ratios for the Mortgage Loans

in Loan Group 3*

Range of Original Loan-
to-Value Ratios(%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

50.00 or less

 

$

       5,680,730

 

    25

 

    2.25

%

 

$

   227,229

 

 6.916

%

 

   331.41

 

    595

 

  43.0

%

50.01 - 55.00

 

 

       2,096,752

 

    11

 

    0.83

 

 

 

   190,614

 

 6.798

 

 

   340.34

 

    635

 

  52.4

 

55.01 - 60.00

 

 

       6,930,106

 

    32

 

    2.74

 

 

 

   216,566

 

 6.666

 

 

   336.50

 

    627

 

  58.0

 

60.01 - 65.00

 

 

       8,942,472

 

    35

 

    3.53

 

 

 

   255,499

 

 6.842

 

 

   342.98

 

    602

 

  62.7

 

65.01 - 70.00

 

 

     21,896,266

 

    70

 

    8.65

 

 

 

   312,804

 

 6.812

 

 

   354.99

 

    616

 

  68.7

 

70.01 - 75.00

 

 

     27,286,242

 

    89

 

  10.79

 

 

 

   306,587

 

 6.852

 

 

   353.60

 

    624

 

  74.1

 

75.01 - 80.00

 

 

   111,925,096

 

  471

 

  44.24

 

 

 

   237,633

 

 6.803

 

 

   353.09

 

    627

 

  79.7

 

80.01 - 85.00

 

 

     24,060,863

 

    84

 

    9.51

 

 

 

   286,439

 

 7.100

 

 

   352.88

 

    601

 

  84.2

 

85.01 - 90.00

 

 

     33,381,126

 

  116

 

  13.19

 

 

 

   287,768

 

 7.388

 

 

   353.69

 

    614

 

  89.6

 

90.01 - 95.00

 

 

       7,076,485

 

    23

 

    2.80

 

 

 

   307,673

 

 7.910

 

 

   355.82

 

    652

 

  94.6

 

95.01 - 100.00

 

 

       3,723,409

 

    20

 

    1.47

 

 

 

   186,170

 

 8.565

 

 

   355.74

 

    642

 

100.0

 

Total/Avg./Wtd. Avg

 

$

   252,999,548

 

  976

 

100.00

%

 

$

   259,221

 

 6.972

%

 

   352.08

 

    621

 

  78.3

%

__________

*

The Weighted Average Original Loan-to-Value Ratio at origination of the Mortgage Loans in Loan Group 3 as of the Cut-off Date was approximately 78.35%.

 



 

State Distribution of the Mortgaged Properties for

the Mortgage Loans in Loan Group 3

State

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

Alabama

 

$

      1,028,990

 

      9

 

    0.41

%

 

$

  114,332

 

 7.893

%

 

   354.38

 

    629

 

  81.9

%

Arizona

 

 

    10,767,407

 

    54

 

    4.26

 

 

 

  199,396

 

 6.929

 

 

   355.16

 

    628

 

  79.7

 

Arkansas

 

 

         307,149

 

      2

 

    0.12

 

 

 

  153,575

 

 7.409

 

 

   354.48

 

    655

 

  69.1

 

California

 

 

  107,279,077

 

  288

 

  42.40

 

 

 

  372,497

 

 6.853

 

 

   353.75

 

    617

 

  77.9

 

Colorado

 

 

      3,018,782

 

    17

 

    1.19

 

 

 

  177,575

 

 6.818

 

 

   353.95

 

    627

 

  80.6

 

Connecticut

 

 

      4,015,950

 

    21

 

    1.59

 

 

 

  191,236

 

 6.651

 

 

   354.37

 

    630

 

  67.7

 

Delaware

 

 

         647,628

 

      4

 

    0.26

 

 

 

  161,907

 

 7.994

 

 

   328.37

 

    611

 

  85.3

 

District of Columbia

 

 

         418,354

 

      1

 

    0.17

 

 

 

  418,354

 

 8.990

 

 

   353.00

 

    693

 

  80.0

 

Florida

 

 

    16,913,086

 

    71

 

    6.69

 

 

 

  238,212

 

 7.090

 

 

   351.99

 

    639

 

  80.1

 

Georgia

 

 

      3,603,124

 

    28

 

    1.42

 

 

 

  128,683

 

 7.230

 

 

   340.28

 

    620

 

  82.8

 

Idaho

 

 

           97,391

 

      1

 

    0.04

 

 

 

    97,391

 

 9.140

 

 

   356.00

 

    618

 

  80.0

 

Illinois

 

 

      6,803,829

 

    23

 

    2.69

 

 

 

  295,819

 

 6.986

 

 

   354.94

 

    630

 

  79.2

 

Indiana

 

 

      1,765,371

 

    10

 

    0.70

 

 

 

  176,537

 

 7.644

 

 

   354.26

 

    602

 

  84.8

 

Iowa

 

 

           89,693

 

      1

 

    0.04

 

 

 

    89,693

 

 7.990

 

 

   355.00

 

    619

 

  90.0

 

Kansas

 

 

         603,580

 

      4

 

    0.24

 

 

 

  150,895

 

 8.763

 

 

   354.67

 

    568

 

  90.0

 

Kentucky

 

 

         930,347

 

      7

 

    0.37

 

 

 

  132,907

 

 7.059

 

 

   329.87

 

    633

 

  68.4

 

Louisiana

 

 

         239,200

 

      1

 

    0.09

 

 

 

  239,200

 

 6.830

 

 

   355.00

 

    618

 

  80.0

 

Maryland

 

 

    13,328,606

 

    55

 

    5.27

 

 

 

  242,338

 

 7.056

 

 

   352.24

 

    614

 

  76.4

 

Massachusetts

 

 

      2,542,150

 

    10

 

    1.00

 

 

 

  254,215

 

 7.085

 

 

   353.55

 

    606

 

  74.4

 

Michigan

 

 

      3,598,096

 

    27

 

    1.42

 

 

 

  133,263

 

 7.723

 

 

   354.80

 

    615

 

  82.5

 

Minnesota

 

 

      2,387,573

 

    10

 

    0.94

 

 

 

  238,757

 

 7.134

 

 

   352.40

 

    622

 

  80.9

 

Mississippi

 

 

           54,194

 

      1

 

    0.02

 

 

 

    54,194

 

 7.990

 

 

   175.00

 

    670

 

  61.1

 

Missouri

 

 

      1,602,340

 

    14

 

    0.63

 

 

 

  114,453

 

 7.989

 

 

   344.00

 

    612

 

  82.8

 

Nebraska

 

 

         100,445

 

      1

 

    0.04

 

 

 

  100,445

 

 6.240

 

 

   354.00

 

    628

 

  80.0

 

Nevada

 

 

      7,782,145

 

    28

 

    3.08

 

 

 

  277,934

 

 7.211

 

 

   355.43

 

    624

 

  80.8

 

New Hampshire

 

 

         797,198

 

      4

 

    0.32

 

 

 

  199,300

 

 7.056

 

 

   320.64

 

    623

 

  80.4

 

New Jersey

 

 

      6,862,993

 

    24

 

    2.71

 

 

 

  285,958

 

 7.187

 

 

   346.00

 

    605

 

  78.0

 

New Mexico

 

 

           75,204

 

      1

 

    0.03

 

 

 

    75,204

 

 8.140

 

 

   353.00

 

    691

 

  90.0

 

New York

 

 

    13,963,325

 

    45

 

    5.52

 

 

 

  310,296

 

 6.680

 

 

   351.47

 

    638

 

  73.8

 

North Carolina

 

 

      2,061,261

 

    16

 

    0.81

 

 

 

  128,829

 

 7.453

 

 

   353.23

 

    612

 

  83.4

 

Ohio

 

 

      4,700,419

 

    28

 

    1.86

 

 

 

  167,872

 

 7.124

 

 

   352.07

 

    617

 

  82.2

 

Oklahoma

 

 

           72,273

 

      1

 

    0.03

 

 

 

    72,273

 

 7.790

 

 

   353.00

 

    582

 

  85.0

 

Oregon

 

 

      1,161,004

 

      7

 

    0.46

 

 

 

  165,858

 

 6.714

 

 

   330.27

 

    631

 

  80.0

 

Pennsylvania

 

 

      3,849,601

 

    22

 

    1.52

 

 

 

  174,982

 

 7.042

 

 

   343.47

 

    616

 

  78.7

 

Rhode Island

 

 

      1,952,429

 

      8

 

    0.77

 

 

 

  244,054

 

 7.331

 

 

   340.65

 

    638

 

  78.0

 

South Carolina

 

 

      1,691,096

 

      9

 

    0.67

 

 

 

  187,900

 

 7.248

 

 

   346.42

 

    613

 

  76.1

 

South Dakota

 

 

           53,982

 

      1

 

    0.02

 

 

 

    53,982

 

 7.500

 

 

   174.00

 

    592

 

  53.7

 

Tennessee

 

 

      3,675,493

 

    22

 

    1.45

 

 

 

  167,068

 

 7.061

 

 

   346.07

 

    629

 

  80.6

 

Texas

 

 

      1,217,820

 

      8

 

    0.48

 

 

 

  152,227

 

 7.227

 

 

   354.39

 

    662

 

  77.5

 

Utah

 

 

         771,682

 

      6

 

    0.31

 

 

 

  128,614

 

 6.968

 

 

   352.46

 

    617

 

  81.4

 

Virginia

 

 

    14,190,617

 

    52

 

    5.61

 

 

 

  272,896

 

 6.920

 

 

   351.16

 

    621

 

  79.2

 

Washington

 

 

      5,236,961

 

    27

 

    2.07

 

 

 

  193,962

 

 6.599

 

 

   353.21

 

    614

 

  79.4

 

West Virginia

 

 

         157,451

 

      2

 

    0.06

 

 

 

    78,726

 

 7.761

 

 

   352.30

 

    626

 

  70.9

 

Wisconsin

 

 

         468,230

 

      4

 

    0.19

 

 

 

  117,058

 

 7.291

 

 

   354.77

 

    609

 

  85.7

 

Wyoming

 

 

         116,000

 

      1

 

    0.05

 

 

 

  116,000

 

 6.800

 

 

   354.00

 

    615

 

  80.0

 

Total/Avg./Wtd. Avg

 

$

  252,999,548

 

  976

 

100.00

%

 

$

  259,221

 

 6.972

%

 

   352.08

 

    621

 

  78.3

%

 

 



 

Credit Bureau Risk Scores(1) for the Mortgage Loans

in Loan Group 3*

Range of Credit Bureau

Risk Scores

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

761 - 780

 

$

      3,366,897

 

    11

 

    1.33

%

 

$

     306,082

 

 5.733

%

 

   354.24

 

    772

 

  69.9

%

741 - 760

 

 

      3,125,133

 

    10

 

    1.24

 

 

 

     312,513

 

 6.488

 

 

   349.37

 

    753

 

  80.9

 

721 - 740

 

 

      6,749,364

 

    22

 

    2.67

 

 

 

     306,789

 

 6.605

 

 

   349.46

 

    729

 

  79.4

 

701 - 720

 

 

    10,604,518

 

    35

 

    4.19

 

 

 

     302,986

 

 6.641

 

 

   352.91

 

    710

 

  79.8

 

681 - 700

 

 

    14,320,142

 

    58

 

    5.66

 

 

 

     246,899

 

 6.586

 

 

   348.13

 

    691

 

  77.5

 

661 - 680

 

 

    17,191,431

 

    55

 

    6.80

 

 

 

     312,571

 

 6.880

 

 

   352.92

 

    670

 

  78.1

 

641 - 660

 

 

    17,098,547

 

    48

 

    6.76

 

 

 

     356,220

 

 6.789

 

 

   350.04

 

    651

 

  78.0

 

621 - 640

 

 

    38,585,952

 

  173

 

  15.25

 

 

 

     223,040

 

 6.687

 

 

   349.01

 

    629

 

  78.8

 

601 - 620

 

 

    53,048,498

 

  235

 

  20.97

 

 

 

     225,738

 

 6.855

 

 

   354.00

 

    611

 

  79.7

 

581 - 600

 

 

    36,218,468

 

  141

 

  14.32

 

 

 

     256,869

 

 7.081

 

 

   353.68

 

    591

 

  80.7

 

561 - 580

 

 

    22,451,212

 

    77

 

    8.87

 

 

 

     291,574

 

 7.569

 

 

   352.60

 

    573

 

  77.8

 

541 - 560

 

 

    15,229,097

 

    61

 

    6.02

 

 

 

     249,657

 

 7.322

 

 

   352.13

 

    552

 

  75.4

 

521 - 540

 

 

    10,482,794

 

    39

 

    4.14

 

 

 

     268,790

 

 7.838

 

 

   353.49

 

    531

 

  72.9

 

501 - 520

 

 

      4,306,543

 

    10

 

    1.70

 

 

 

     430,654

 

 8.462

 

 

   356.05

 

    509

 

  70.3

 

500 or less

 

 

         220,951

 

      1

 

    0.09

 

 

 

     220,951

 

10.800

 

 

   357.00

 

    500

 

  70.0

 

Total/Avg./Wtd. Avg

 

$

  252,999,548

 

  976

 

100.00

%

 

$

     259,221

 

 6.972

%

 

   352.08

 

    621

 

  78.3

%

______________________

(1)

The Credit Bureau Risk Scores referenced in this table with respect to substantially all of the Mortgage Loans in Loan Group 3 were obtained by the respective originators from one or more credit reporting agencies, and were determined at the time of origination.

*

The weighted average Credit Bureau Risk Score of the Mortgage Loans in Loan Group 3 as of the Cut-off Date was approximately 621.

Gross Margins for the Adjustable Rate Mortgage Loans

In Loan Group 3*

Range of Gross
Margins (%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

3.001 - 4.000

 

$

         604,600

 

      2

 

    0.33

%

 

$

    302,300

 

 6.943

%

 

   353.59

 

    589

 

  85.9

%

4.001 - 5.000

 

 

    11,878,588

 

    46

 

    6.39

 

 

 

    258,230

 

 6.175

 

 

   354.42

 

    635

 

  79.3

 

5.001 - 6.000

 

 

    88,040,154

 

  291

 

  47.38

 

 

 

    302,543

 

 6.635

 

 

   354.69

 

    627

 

  80.3

 

6.001 - 7.000

 

 

    61,790,977

 

  204

 

  33.25

 

 

 

    302,897

 

 7.388

 

 

   354.97

 

    594

 

  78.6

 

7.001 - 8.000

 

 

    13,089,986

 

    49

 

    7.04

 

 

 

    267,143

 

 7.740

 

 

   354.45

 

    583

 

  83.2

 

8.001 - 9.000

 

 

      9,016,659

 

    60

 

    4.85

 

 

 

    150,278

 

 8.893

 

 

   354.77

 

    580

 

  85.8

 

9.001 - 10.000

 

 

      1,391,296

 

    11

 

    0.75

 

 

 

    126,481

 

 9.674

 

 

   351.53

 

    574

 

  83.8

 

Total/Avg./Wtd. Avg

 

$

  185,812,261

 

  663

 

100.00

%

 

$

    280,260

 

 7.067

%

 

   354.73

 

    611

 

  80.2

%

____________

*

The weighted average Gross Margin for the adjustable rate Mortgage Loans in Loan Group 3 as of the Cut-off Date was approximately 6.280%.

 



 

Next Adjustment Date for the Adjustable Rate Mortgage Loans

in Loan Group 3*

Next Adjustment Date

Aggregate
Principal
Balance
Outstanding

Number
of Loans

Percent of

Aggregate

Principal

Balance

Outstanding

Average
Principal
Balance

Weighted
Average
Mortgage
Rate

Weighted
Average
Remaining
Term to
Maturity
(months)

Weighted
Average
Credit
Score

Weighted
Average
Original
Loan-to-
Value
Ratio

January 2006

$       310,433

      2

    0.17%

$   155,217

 6.905%

   355.00

    580

  87.9%

May 2006

         170,425

      1

    0.09

     170,425

 7.800

   342.00

    582

  90.0

July 2006

         364,700

      1

    0.20

     364,700

 6.375

   343.00

    614

  80.0

August 2006

         794,726

      2

    0.43

     397,363

 7.365

   356.00

    573

  77.6

October 2006

         943,585

      2

    0.51

     471,793

 8.438

   346.00

    580

  67.8

November 2006

      1,616,997

      7

    0.87

     231,000

 7.566

   347.15

    560

  80.5

December 2006

      2,043,100

      8

    1.10

     255,388

 6.348

   347.61

    585

  79.2

January 2007

      2,954,230

    16

    1.59

     184,639

 7.049

   349.12

    589

  85.8

February 2007

      1,915,780

      9

    1.03

     212,864

 7.643

   350.13

    571

  80.2

April 2007

         968,005

      4

    0.52

     242,001

 7.073

   352.00

    609

  79.6

May 2007

    17,502,447

    76

    9.42

     230,295

 6.583

   353.01

    610

  80.4

June 2007

    33,457,542

  139

  18.01

     240,702

 6.717

   354.00

    602

  80.0

July 2007

    30,306,737

    96

  16.31

     315,695

 6.979

   355.00

    611

  80.1

August 2007

    41,528,198

  123

  22.35

     337,628

 7.137

   356.02

    620

  79.8

September 2007

    24,837,637

    82

  13.37

     302,898

 7.563

   357.00

    614

  79.7

October 2007

         718,699

      2

    0.39

     359,350

 7.746

   358.00

    605

  82.4

November 2007

           68,790

      1

    0.04

       68,790

 8.990

   348.00

    536

  85.0

December 2007

         400,720

      3

    0.22

     133,573

 7.334

   348.62

    576

  72.7

February 2008

         427,907

      2

    0.23

     213,954

 7.419

   350.00

    631

  82.3

March 2008

         172,733

      2

    0.09

       86,366

 7.570

   351.00

    599

  87.7

April 2008

         739,194

      2

    0.40

     369,597

 9.039

   352.00

    569

  88.4

May 2008

      1,691,650

      6

    0.91

     281,942

 6.755

   353.00

    606

  83.2

June 2008

      5,821,628

    23

    3.13

     253,114

 6.845

   354.00

    608

  83.0

July 2008

      2,602,558

    12

    1.40

     216,880

 7.761

   355.00

    602

  79.4

August 2008

      9,030,780

    26

    4.86

     347,338

 7.364

   356.00

    631

  79.8

September 2008

      3,071,310

    12

    1.65

     255,943

 7.395

   357.00

    630

  85.0

May 2010

            1,351,750

            4

            0.73

          337,938

      6.868

      353.00

          620

          78.6

Total/Avg./Wtd. Avg

$185,812,261

  663

100.00%

$   280,260

 7.067%

   354.73

    611

  80.2%

______________

*

The weighted average number of months to next Adjustment Date for the adjustable rate Mortgage Loans in Loan Group 3 as of the Cut-off Date is 20 months.

 



 

Maximum Mortgage Rates for the Adjustable Rate Mortgage Loans

in Loan Group 3*

Range of Maximum
Mortgage Rates (%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

10.501 - 11.000

 

$

      1,332,071

 

      3

 

    0.72

%

 

$

     444,024

 

 4.936

%

 

   348.43

 

    602

 

  85.2

%

11.001 - 11.500

 

 

      1,873,214

 

      6

 

    1.01

 

 

 

     312,202

 

 5.373

 

 

   353.48

 

    638

 

  76.4

 

11.501 - 12.000

 

 

    11,063,999

 

    44

 

    5.95

 

 

 

     251,455

 

 5.913

 

 

   354.03

 

    614

 

  78.0

 

12.001 - 12.500

 

 

    20,752,482

 

    93

 

  11.17

 

 

 

     223,145

 

 6.259

 

 

   353.77

 

    621

 

  80.1

 

12.501 - 13.000

 

 

    39,841,321

 

  141

 

  21.44

 

 

 

     282,563

 

 6.609

 

 

   354.52

 

    617

 

  79.0

 

13.001 - 13.500

 

 

    25,934,946

 

    87

 

  13.96

 

 

 

     298,103

 

 6.885

 

 

   354.88

 

    613

 

  78.8

 

13.501 - 14.000

 

 

    38,206,182

 

  119

 

  20.56

 

 

 

     321,060

 

 7.164

 

 

   355.29

 

    614

 

  80.8

 

14.001 - 14.500

 

 

    14,313,158

 

    43

 

    7.70

 

 

 

     332,864

 

 7.706

 

 

   355.56

 

    613

 

  81.2

 

14.501 - 15.000

 

 

    16,951,437

 

    55

 

    9.12

 

 

 

     308,208

 

 8.011

 

 

   355.10

 

    590

 

  82.8

 

15.001 - 15.500

 

 

      3,777,058

 

    17

 

    2.03

 

 

 

     222,180

 

 8.494

 

 

   354.54

 

    585

 

  80.5

 

15.501 - 16.000

 

 

      7,770,780

 

    42

 

    4.18

 

 

 

     185,019

 

 8.890

 

 

   355.05

 

    590

 

  83.4

 

16.001 - 16.500

 

 

      2,471,564

 

      9

 

    1.33

 

 

 

     274,618

 

 9.212

 

 

   354.16

 

    586

 

  82.9

 

16.501 - 17.000

 

 

      1,060,839

 

      3

 

    0.57

 

 

 

     353,613

 

10.175

 

 

   356.42

 

    553

 

  81.8

 

17.001 - 17.500

 

 

         463,210

 

      1

 

    0.25

 

 

 

     463,210

 

10.250

 

 

   356.00

 

    513

 

  80.0

 

Total/Avg./Wtd. Avg

 

$

  185,812,261

 

  663

 

100.00

%

 

$

     280,260

 

 7.067

%

 

   354.73

 

    611

 

  80.2

%

_________________

*

The weighted average Maximum Mortgage Rate for the adjustable rate Mortgage Loans in Loan Group 3 as of the Cut-off Date was approximately 13.505% per annum.

Initial Periodic Rate Cap for the Adjustable Rate Mortgage Loans

in Loan Group 3*

Initial Periodic

Rate Cap (%)

Aggregate
Principal
Balance
Outstanding

Number
of Loans

Percent of
Aggregate
Principal
Balance
Outstanding

Average
Principal
Balance

Weighted
Average
Mortgage
Rate

Weighted
Average
Remaining
Term to
Maturity
(months)

Weighted
Average
Credit
Score

Weighted
Average
Original
Loan-to-
Value
Ratio

1.500

$    6,272,336

    21

    3.38%

$   298,683

 7.425%

   355.43

    616

  77.1%

2.000

    27,503,502

    75

  14.80

     366,713

 6.743

   355.28

    633

  80.1

3.000

        152,036,423

        567

          81.82

          268,142

      7.111

      354.60

        606

          80.4

Total/Avg./Wtd. Avg

$185,812,261

  663

100.00%

$   280,260

 7.067%

   354.73

    611

  80.2%

________________

*

The weighted average initial Periodic Rate Cap for the adjustable rate Mortgage Loans in Loan Group 3 as of the Cut-off Date was approximately 2.801%.

 



 

Subsequent Periodic Rate Cap for the Adjustable Rate Mortgage Loans in Loan Group 3*

Subsequent

Periodic Rate Cap (%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

1.000

 

$

  112,746,716

 

  475

 

  60.68

%

 

$

     237,362

 

 7.045

%

 

   354.37

 

    604

 

  80.9

%

1.500

 

 

      7,067,061

 

    23

 

    3.80

 

 

 

     307,264

 

 7.419

 

 

   355.49

 

  611

 

  77.1

 

2.000

 

 

    65,998,483

 

  165

 

  35.52

 

 

 

     399,991

 

 7.066

 

 

   355.27

 

  622

 

  79.4

 

Total/Avg./Wtd. Avg

 

$

  185,812,261

 

  663

 

100.00

%

 

$

     280,260

 

 7.067

%

 

   354.73

 

  611

 

  80.2

%

________________

*

The weighted average subsequent Periodic Rate Cap for the adjustable rate Mortgage Loans in Loan Group 3 as of the Cut-off Date was approximately 1.374%.

Minimum Mortgage Rates for the Adjustable Rate Mortgage Loans

in Loan Group 3*

Range of

Minimum Mortgage
Rates (%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

4.001 - 5.000

 

$

      1,506,471

 

      4

 

    0.81

%

 

$

    376,618

 

 5.030

%

 

   349.08

 

    604

 

  84.6

%

5.001 - 6.000

 

 

    24,298,069

 

    78

 

  13.08

 

 

 

    311,514

 

 5.828

 

 

   354.55

 

   638

 

  77.1

 

6.001 - 7.000

 

 

    85,486,908

 

  313

 

  46.01

 

 

 

    273,121

 

 6.656

 

 

   354.63

 

   617

 

  79.6

 

7.001 - 8.000

 

 

    50,321,681

 

  158

 

  27.08

 

 

 

    318,492

 

 7.580

 

 

   355.06

 

   600

 

  81.1

 

8.001 - 9.000

 

 

    18,239,245

 

    80

 

    9.82

 

 

 

    227,991

 

 8.574

 

 

   355.17

 

   587

 

  83.5

 

9.001 - 10.000

 

 

      5,056,202

 

    28

 

    2.72

 

 

 

    180,579

 

 9.430

 

 

   353.71

 

   579

 

  84.4

 

10.001 or Greater

 

 

         903,685

 

      2

 

    0.49

 

 

 

    451,842

 

10.396

 

 

   356.49

 

   511

 

  75.1

 

Total/Avg./Wtd. Avg

 

$

  185,812,261

 

  663

 

100.00

%

 

$

    280,260

 

 7.067

%

 

   354.73

 

   611

 

  80.2

%

________________

*

The weighted average Minimum Mortgage Rate for the adjustable rate Mortgage Loans in Loan Group 3 as of the Cut-off Date was approximately 7.056% per annum.

 



 

Types of Mortgaged Properties for the Mortgage Loans

in Loan Group 3

Property Type

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

Single-Family Residence

 

$

  195,636,852

 

  768

 

  77.33

%

 

$

   254,735

 

 6.996

%

 

   352.55

 

    619

 

  78.3

%

Planned Unit Development

 

 

    41,241,842

 

  146

 

  16.30

 

 

 

   282,478

 

 6.905

 

 

   351.99

 

    624

 

  79.1

 

Condominium

 

 

      9,885,166

 

    41

 

    3.91

 

 

 

   241,102

 

 6.862

 

 

   352.97

 

    634

 

  80.4

 

Two Family

 

 

      3,853,399

 

    13

 

    1.52

 

 

 

   296,415

 

 6.765

 

 

   325.34

 

    620

 

  67.8

 

Townhouse

 

 

         711,394

 

      2

 

    0.28

 

 

 

   355,697

 

 6.563

 

 

   354.57

 

    665

 

  73.9

 

Three Family

 

 

         511,687

 

      2

 

    0.20

 

 

 

   255,844

 

 6.057

 

 

   354.00

 

    650

 

  71.3

 

CNDP

 

 

         394,651

 

      1

 

    0.16

 

 

 

   394,651

 

 7.990

 

 

   355.00

 

    694

 

  90.0

 

Single-Family Residence (attached)

 

 

         378,000

 

      1

 

    0.15

 

 

 

   378,000

 

 7.440

 

 

   356.00

 

    736

 

  90.0

 

Four Family

 

 

         273,508

 

      1

 

    0.11

 

 

 

   273,508

 

 7.375

 

 

   353.00

 

    694

 

  59.5

 

Single-Family Residence (detached)

 

 

         113,050

 

      1

 

    0.04

 

 

 

   113,050

 

 6.700

 

 

   354.00

 

    622

 

  85.0

 

Total/Avg./Wtd. Avg

 

$

  252,999,548

 

  976

 

100.00

%

 

$

   259,221

 

 6.972

%

 

   352.08

 

    621

 

  78.3

%

 

 

Occupancy Types for the Mortgage Loans

in Loan Group 3(1)

Occupancy

 

Aggregate
Principal
Balance
Outstanding

 

Number
of Loans

 

Percent of
Aggregate
Principal
Balance
Outstanding

 

Average
Principal
Balance

 

Weighted
Average
Mortgage
Rate

 

Weighted
Average
Remaining
Term to
Maturity
(months)

 

Weighted
Average
Credit
Score

 

Weighted
Average
Original
Loan-to-
Value
Ratio

Owner Occupied

 

$

  249,662,922

 

  961

 

  98.68

%

 

$

    259,795

 

 6.964

%

 

   352.04

 

    621

 

  78.5

%

Investment

 

 

      2,278,892

 

    12

 

    0.90

 

 

 

    189,908

 

 7.572

 

 

   354.22

 

    657

 

  64.9

 

Second Home

 

 

      1,057,734

 

      3

 

    0.42

 

 

 

    352,578

 

 7.361

 

 

   355.59

 

    664

 

  79.2

 

Total/Avg./Wtd. Avg

 

$

  252,999,548

 

  976

 

100.00

%

 

$

    259,221

 

 6.972

%

 

   352.08

 

    621

 

  78.3

%

___________________

(1)

Based on representations by the Mortgagors at the time of origination of the Mortgage Loans in Loan Group 3.

 

 



 

Loan Purposes for the Mortgage Loans

in Loan Group 3

Loan Purpose

Aggregate
Principal
Balance
Outstanding

Number
of Loans

Percent of
Aggregate
Principal
Balance
Outstanding

Average
Principal
Balance

Weighted
Average
Mortgage
Rate

Weighted
Average
Remaining
Term to
Maturity
(months)

Weighted
Average
Credit
Score

Weighted
Average
Original
Loan-to-
Value
Ratio

Refinance – Cash Out

$136,436,787

  463

  53.93%

$294,680

 6.956%

   350.93

    616

  75.7%

Purchase

    99,373,064

  440

  39.28

  225,848

 6.999

   354.12

    626

  82.1

Refinance – No Cash Out

          17,189,697

          73

            6.79

      235,475

      6.936

      349.40

          631

        77.5

Total/Avg./Wtd. Avg

$252,999,548

  976

100.00%

$259,221

 6.972%

   352.08

    621

  78.3%

 

 

Credit Grade Categories for the Mortgage Loans

in Loan Group 3(1)

Credit Grade Category

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

PR

 

$

    30,678,836

 

  109

 

  12.13

%

 

$

  281,457

 

 7.009

%

 

   351.33

 

    598

 

  78.1

%

PP

 

 

  185,430,612

 

  741

 

  73.29

 

 

 

  250,244

 

 6.859

 

 

   351.86

 

    633

 

  79.2

 

A-

 

 

    11,385,307

 

    36

 

    4.50

 

 

 

  316,259

 

 7.391

 

 

   353.98

 

    584

 

  75.9

 

B

 

 

    14,908,213

 

    50

 

    5.89

 

 

 

  298,164

 

 7.423

 

 

   353.33

 

    591

 

  75.5

 

C

 

 

      9,009,018

 

    33

 

    3.56

 

 

 

  273,001

 

 7.708

 

 

   354.27

 

    561

 

  70.5

 

C-

 

 

996,576

 

4

 

0.39

 

 

 

249,144

 

8.902

 

 

355.31

 

574

 

64.7

 

D

 

 

590,986

 

3

 

0.23

 

 

 

196,995

 

6.508

 

 

352.06

 

599

 

78.4

 

Total/Avg./Wtd. Avg

 

$

252,999,548

 

976

 

100.00

%

 

$

259,221

 

6.972

%

 

352.08

 

621

 

78.3

%

________________

(1)

Although the Mortgage Loans in Loan Group 3 were originated by various originators under differing underwriting guidelines, the Mortgage Loans in Loan Group 3 loosely correspond to the Countrywide Home Loans credit grades shown in this table. See “—Underwriting Standards” in the prospectus supplement.

 



 

 

Original Term for the Mortgage Loans

in Loan Group 3

Original Term

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

ARM 360

 

$

  185,812,261

 

  663

 

  73.44

%

 

$

    280,260

 

 7.067

%

 

   354.73

 

    611

 

  80.2

%

FIXED 120

 

 

         241,895

 

      2

 

    0.10

 

 

 

    120,948

 

 6.318

 

 

   114.00

 

    657

 

  54.8

 

FIXED 180

 

 

      2,215,965

 

    17

 

    0.88

 

 

 

    130,351

 

 6.663

 

 

   173.84

 

    638

 

  60.1

 

FIXED 240

 

 

      1,547,665

 

    10

 

    0.61

 

 

 

    154,766

 

 6.527

 

 

   234.08

 

    658

 

  73.1

 

FIXED 360

 

 

    63,181,762

 

  284

 

  24.97

 

 

 

    222,471

 

 6.716

 

 

   354.34

 

    650

 

  73.7

 

Total/Avg./Wtd. Avg

 

$

  252,999,548

 

  976

 

100.00

%

 

$

    259,221

 

 6.972

%

 

   352.08

 

    621

 

  78.3

%

 

 

Loan Documentation Type for the Mortgage Loans

in Loan Group 3

Loan

Documentation Type

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

Full Documentation

 

$

  151,603,337

 

  654

 

  59.92

%

 

$

    231,809

 

 6.806

%

 

   351.70

 

    615

 

  79.1

%

Stated Income

 

 

  101,168,401

 

  321

 

  39.99

 

 

 

    315,166

 

 7.215

 

 

   352.63

 

    631

 

  77.2

 

No Income/No Assets

 

 

         227,809

 

      1

 

    0.09

 

 

 

    227,809

 

 9.000

 

 

   357.00

 

    575

 

  75.0

 

Total/Avg./Wtd. Avg

 

$

  252,999,548

 

  976

 

100.00

%

 

$

    259,221

 

 6.972

%

 

   352.08

 

    621

 

  78.3

%

 

 



 

Original Prepayment Penalty Term for the Mortgage Loans

in Loan Group 3

Original Prepayment
Penalty Term (months)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

0

 

$

    35,611,632

 

  125

 

  14.08

%

 

$

  284,893

 

 7.501

%

 

   354.89

 

    625

 

  81.0

%

6

 

 

         168,000

 

      1

 

    0.07

 

 

 

  168,000

 

 5.990

 

 

   357.00

 

    618

 

  80.0

 

12

 

 

    12,832,550

 

    35

 

    5.07

 

 

 

  366,644

 

 7.223

 

 

   355.46

 

    627

 

  79.4

 

24

 

 

  115,285,088

 

  412

 

  45.57

 

 

 

  279,818

 

 6.972

 

 

   354.69

 

    611

 

  79.9

 

36

 

 

    39,371,820

 

  150

 

  15.56

 

 

 

  262,479

 

 6.880

 

 

   352.25

 

    633

 

  79.2

 

48

 

 

         611,996

 

      4

 

    0.24

 

 

 

  152,999

 

 6.840

 

 

   298.77

 

    609

 

  70.3

 

60

 

 

    49,118,462

 

  249

 

  19.41

 

 

 

  197,263

 

 6.599

 

 

   343.54

 

    631

 

  72.0

 

Total/Avg./Wtd. Avg

 

$

  252,999,548

 

  976

 

100.00

%

 

$

  259,221

 

 6.972

%

 

   352.08

 

    621

 

  78.3

%

 

 

Months to Next Adjustment Date for the Adjustable Rate Mortgage Loans in Loan Group 3

Range of

Months to Next
Adjustment Date

 

Weighted
Average
Months
to Next
Adjustment
Date

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

0 - 6

 

            3

 

$

         480,858

 

      3

 

    0.26

%

 

$

    160,286

 

 7.223

%

 

   350.39

 

  581

 

  88.6

%

7 -12

 

          11

 

 

      5,603,246

 

    18

 

    3.02

 

 

 

    311,291

 

 7.156

 

 

   348.23

 

  576

 

  77.2

 

13 - 18

 

          17

 

 

    56,957,866

 

  246

 

  30.65

 

 

 

    231,536

 

 6.733

 

 

   353.25

 

  603

 

  80.4

 

19 - 24

 

          20

 

 

    97,613,667

 

  305

 

  52.53

 

 

 

    320,045

 

 7.201

 

 

   355.95

 

  615

 

  79.9

 

25 - 31

 

          30

 

 

    11,702,783

 

    49

 

    6.30

 

 

 

    238,832

 

 7.225

 

 

   353.66

 

  604

 

  82.5

 

32 - 37

 

          32

 

 

    12,102,090

 

    38

 

    6.51

 

 

 

    318,476

 

 7.372

 

 

   356.25

 

  631

 

  81.1

 

38 or greater

 

          53

 

 

      1,351,750

 

      4

 

    0.73

 

 

 

    337,938

 

 6.868

 

 

   353.00

 

  620

 

  78.6

 

Total/Avg./Wtd. Avg

 

 

 

$

  185,812,261

 

  663

 

100.00

%

 

$

    280,260

 

 7.067

%

 

   354.73

 

  611

 

  80.2

%

 

 



 

Mortgage Loan Programs for the Mortgage Loans

Loan Programs

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

30Y LIB6M

 

$

         960,264

 

      7

 

    0.10

%

 

$

   137,181

 

 6.701

%

 

      354.97

 

  612

 

  81.9

%

1/29 LIB6M

 

 

      8,667,752

 

    39

 

    0.91

 

 

 

   222,250

 

 7.269

 

 

      355.38

 

  603

 

  80.6

 

2/28 LIB6M

 

 

  363,053,363

 

1,925

 

  38.22

 

 

 

   188,599

 

 7.388

 

 

      355.15

 

  600

 

  78.8

 

2/28 LIB6M - IO - 120

 

 

      6,509,998

 

    30

 

    0.69

 

 

 

   217,000

 

 6.826

 

 

      356.81

 

  657

 

  83.0

 

2/28 LIB6M - IO - 24

 

 

    27,382,576

 

  100

 

    2.88

 

 

 

   273,826

 

 6.810

 

 

      354.40

 

  626

 

  81.9

 

2/28 LIB6M - IO - 60

 

 

  193,458,242

 

  835

 

  20.36

 

 

 

   231,687

 

 6.698

 

 

      355.16

 

  631

 

  79.7

 

2/28 LIB6M 40/30 Balloon

 

 

      1,109,367

 

      6

 

    0.12

 

 

 

   184,895

 

 7.393

 

 

      357.68

 

  590

 

  79.4

 

3/27 LIB6M

 

 

    58,897,825

 

  339

 

    6.20

 

 

 

   173,740

 

 7.370

 

 

      354.53

 

  610

 

  80.4

 

3/27 LIB6M - IO - 120

 

 

         183,000

 

      1

 

    0.02

 

 

 

   183,000

 

 8.000

 

 

      354.00

 

  656

 

100.0

 

3/27 LIB6M - IO - 36

 

 

      3,496,953

 

    18

 

    0.37

 

 

 

   194,275

 

 7.169

 

 

      354.43

 

  618

 

  82.2

 

3/27 LIB6M - IO - 60

 

 

    38,973,418

 

  185

 

    4.10

 

 

 

   210,667

 

 7.129

 

 

      355.52

 

  627

 

  81.2

 

5/25 LIB6M

 

 

      1,253,028

 

      7

 

    0.13

 

 

 

   179,004

 

 6.772

 

 

      355.55

 

  663

 

  79.0

 

5/25 LIB6M - IO - 120

 

 

         199,199

 

      1

 

    0.02

 

 

 

   199,199

 

 6.500

 

 

      353.00

 

  729

 

  75.2

 

5/25 LIB6M - IO - 60

 

 

      2,016,750

 

      7

 

    0.21

 

 

 

   288,107

 

 6.692

 

 

      353.58

 

  619

 

  77.6

 

10Yr Fixed

 

 

         512,743

 

      5

 

    0.05

 

 

 

   102,549

 

 6.656

 

 

      115.10

 

  648

 

  60.8

 

15Yr Fixed

 

 

      7,012,076

 

    56

 

    0.74

 

 

 

   125,216

 

 6.908

 

 

      175.17

 

  633

 

  68.2

 

20Yr Fixed

 

 

      5,136,029

 

    37

 

    0.54

 

 

 

   138,812

 

 6.792

 

 

      235.22

 

  663

 

  79.0

 

25Yr Fixed

 

 

         448,521

 

      3

 

    0.05

 

 

 

   149,507

 

 6.951

 

 

      296.33

 

  652

 

  75.2

 

30Yr Fixed

 

 

  208,431,799

 

1,308

 

  21.94

 

 

 

   159,352

 

 6.971

 

 

      355.12

 

  639

 

  75.7

 

15Yr Fixed - IO - 60

 

 

         155,200

 

      1

 

    0.02

 

 

 

   155,200

 

 6.820

 

 

      176.00

 

  635

 

  80.0

 

20Yr Fixed - IO - 60

 

 

         202,000

 

      1

 

    0.02

 

 

 

   202,000

 

 7.500

 

 

      235.00

 

  576

 

  78.0

 

30Yr Fixed - IO - 120

 

 

      1,576,564

 

      5

 

    0.17

 

 

 

   315,313

 

 6.788

 

 

      355.68

 

  650

 

  72.7

 

30Yr Fixed - IO - 60

 

 

    14,354,253

 

    61

 

    1.51

 

 

 

   235,316

 

 6.954

 

 

      355.54

 

  642

 

  76.1

 

30/15 Fixed Balloon

 

 

      4,785,337

 

    32

 

    0.50

 

 

 

   149,542

 

 6.936

 

 

      176.52

 

  641

 

  79.2

 

40/30 Fixed Balloon

 

 

      1,223,571

 

      3

 

    0.13

 

 

 

   407,857

 

 5.861

 

 

      354.00

 

  689

 

  79.6

 

Total/Avg./Wtd. Avg

 

$

  949,999,828

 

5,012

 

100.00

%

 

$

   189,545

 

 7.100

%

 

      352.03

 

  620

 

  78.5

%

 

 



 

Mortgage Loan Principal Balances for the Mortgage Loans*

Range of Mortgage

Loan Principal Balances

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

$25,000.01 - $50,000.00

 

$

      1,075,731

 

     22

 

    0.11

%

 

$

     48,897

 

 8.364

%

 

     328.28

 

  592

 

  65.8

%

$50,000.01 - $75,000.00

 

 

    16,871,768

 

   260

 

    1.78

 

 

 

     64,891

 

 7.802

 

 

     345.74

 

  612

 

  75.1

 

$75,000.01 - $100,000.00

 

 

    46,971,930

 

   528

 

    4.94

 

 

 

     88,962

 

 7.465

 

 

     345.80

 

  619

 

  78.3

 

$100,000.01 - $150,000.00

 

 

  169,197,728

 

1,352

 

  17.81

 

 

 

   125,146

 

 7.221

 

 

     350.10

 

  620

 

  78.6

 

$150,000.01 - $200,000.00

 

 

  173,868,183

 

   999

 

  18.30

 

 

 

   174,042

 

 7.066

 

 

     350.85

 

  617

 

  78.3

 

$200,000.01 - $250,000.00

 

 

  153,787,914

 

   685

 

  16.19

 

 

 

   224,508

 

 7.019

 

 

     352.78

 

  619

 

  78.4

 

$250,000.01 - $300,000.00

 

 

  145,436,564

 

   532

 

  15.31

 

 

 

   273,377

 

 7.007

 

 

     353.64

 

  617

 

  78.5

 

$300,000.01 - $350,000.00

 

 

    85,093,877

 

   262

 

    8.96

 

 

 

   324,786

 

 6.977

 

 

     354.21

 

  622

 

  79.2

 

$350,000.01 - $400,000.00

 

 

    68,946,374

 

   184

 

    7.26

 

 

 

   374,709

 

 7.067

 

 

     354.11

 

  622

 

  79.8

 

$400,000.01 - $450,000.00

 

 

    37,824,445

 

     89

 

    3.98

 

 

 

   424,994

 

 7.072

 

 

     355.32

 

  635

 

  79.9

 

$450,000.01 - $500,000.00

 

 

    28,006,485

 

     59

 

    2.95

 

 

 

   474,686

 

 7.123

 

 

     354.99

 

  610

 

  77.4

 

$500,000.01 - $550,000.00

 

 

    10,912,792

 

     21

 

    1.15

 

 

 

   519,657

 

 7.046

 

 

     354.91

 

  637

 

  77.8

 

$550,000.01 - $600,000.00

 

 

      5,230,196

 

       9

 

    0.55

 

 

 

   581,133

 

 6.474

 

 

     354.48

 

  639

 

  77.8

 

$600,000.01 - $650,000.00

 

 

      4,443,718

 

       7

 

    0.47

 

 

 

   634,817

 

 6.628

 

 

     355.16

 

  625

 

  71.7

 

$700,000.01 - $750,000.00

 

 

      1,484,600

 

       2

 

    0.16

 

 

 

   742,300

 

 6.737

 

 

     355.51

 

  638

 

  77.5

 

$800,000.01 - $850,000.00

 

 

         847,523

 

       1

 

    0.09

 

 

 

   847,523

 

 7.640

 

 

     356.00

 

  664

 

  76.2

 

Total/Avg./Wtd. Avg

 

$

  949,999,828

 

5,012

 

100.00

%

 

$

   189,545

 

 7.100

%

 

     352.03

 

  620

 

  78.5

%

____________

*

The Average Principal Balance of the Mortgage Loans as of the Cut-off Date was approximately $189,545.

 



 

Mortgage Rates for the Mortgage Loans*

Range of Mortgage
Rates (%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

4.501 - 5.000

 

$

      1,922,231

 

      6

 

    0.20

%

 

$

   320,372

 

 4.944

%

 

     350.67

 

  617

 

  76.7

%

5.001 - 5.500

 

 

    12,668,458

 

    46

 

    1.33

 

 

 

   275,401

 

 5.335

 

 

       354.12

 

  676

 

  72.7

 

5.501 - 6.000

 

 

    87,850,348

 

  388

 

    9.25

 

 

 

   226,418

 

 5.875

 

 

     350.62

 

  646

 

  74.0

 

6.001 - 6.500

 

 

  158,333,224

 

  804

 

  16.67

 

 

 

   196,932

 

 6.330

 

 

     351.60

 

  638

 

  76.4

 

6.501 - 7.000

 

 

  286,310,700

 

1,494

 

  30.14

 

 

 

   191,640

 

 6.805

 

 

     351.46

 

  628

 

  78.6

 

7.001 - 7.500

 

 

  151,916,851

 

  822

 

  15.99

 

 

 

   184,814

 

 7.287

 

 

     351.98

 

  622

 

  80.3

 

7.501 - 8.000

 

 

  119,960,101

 

  646

 

  12.63

 

 

 

   185,697

 

 7.807

 

 

     353.22

 

  599

 

  81.1

 

8.001 - 8.500

 

 

    50,409,432

 

  300

 

    5.31

 

 

 

   168,031

 

 8.280

 

 

     353.26

 

  586

 

  80.1

 

8.501 - 9.000

 

 

    45,489,652

 

  279

 

    4.79

 

 

 

   163,045

 

 8.788

 

 

     354.46

 

  572

 

  81.6

 

9.001 - 9.500

 

 

    17,395,341

 

  106

 

    1.83

 

 

 

   164,107

 

 9.252

 

 

     353.49

 

  561

 

  80.3

 

9.501 - 10.000

 

 

    11,817,166

 

    81

 

    1.24

 

 

 

   145,891

 

 9.800

 

 

     353.66

 

  544

 

  78.1

 

10.001–10.500

 

 

      1,968,775

 

    14

 

    0.21

 

 

 

   140,627

 

10.275

 

 

     350.83

 

  532

 

  75.1

 

10.501-11.000

 

 

      2,791,196

 

    18

 

    0.29

 

 

 

   155,066

 

10.700

 

 

     354.83

 

  535

 

  71.2

 

11.001-11.500

 

 

         516,058

 

      4

 

    0.05

 

 

 

   129,015

 

11.399

 

 

     292.40

 

  545

 

  65.0

 

11.501-12.000

 

 

         521,878

 

      3

 

    0.05

 

 

 

   173,959

 

11.622

 

 

     355.05

 

  549

 

  59.5

 

12.001-12.500

 

 

         128,418

 

      1

 

    0.01

 

 

 

   128,418

 

12.500

 

 

     349.00

 

  516

 

  80.0

 

Total/Avg./Wtd. Avg

 

$

  949,999,828

 

5,012

 

100.00

%

 

$

   189,545

 

 7.100

%

 

     352.03

 

  620

 

  78.5

%

_____________

*

The Weighted Average Mortgage Rate for the Mortgage Loans as of the Cut-off Date was approximately 7.100% per annum.

 

Remaining Terms to Stated Maturity for the Mortgage Loans*

Range of Remaining
Terms (months)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

1 - 120

 

$

         512,743

 

      5

 

    0.05

%

 

$

   102,549

 

 6.656

%

 

       115.10

 

  648

 

  60.8

%

121 - 180

 

 

    11,952,613

 

    89

 

    1.26

 

 

 

   134,299

 

 6.918

 

 

     175.72

 

  636

 

  72.7

 

181 - 300

 

 

      5,886,683

 

    42

 

    0.62

 

 

 

   140,159

 

 6.835

 

 

     240.66

 

  661

 

  78.6

 

301 - 360

 

 

  931,491,138

 

4,875

 

  98.05

 

 

 

   191,075

 

 7.104

 

 

     355.10

 

  619

 

  78.6

 

361 or greater

 

 

         156,652

 

      1

 

    0.02

 

 

 

   156,652

 

 6.500

 

 

     475.00

 

  672

 

  62.8

 

Total/Avg./Wtd. Avg

 

$

  949,999,828

 

5,012

 

100.00

%

 

$

   189,545

 

 7.100

%

 

     352.03

 

  620

 

  78.5

%

____________

*

The weighted average remaining term to maturity of the Mortgage Loans as of the Cut-off Date was approximately 352 months.

 



 

Original Loan-to-Value Ratios for the Mortgage Loans*

Range of Original Loan-
to-Value Ratios (%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

50.00 or Less

 

$

    27,890,563

 

  173

 

    2.94

%

 

$

   161,217

 

 7.149

%

 

       346.40

 

  605

 

  43.1

%

50.01 - 55.00

 

 

    13,633,656

 

    77

 

    1.44

 

 

 

   177,060

 

 7.143

 

 

     351.76

 

  609

 

  52.9

 

55.01 - 60.00

 

 

    23,106,690

 

  124

 

    2.43

 

 

 

   186,344

 

 7.029

 

 

     345.42

 

  606

 

  57.8

 

60.01 - 65.00

 

 

    43,509,123

 

  213

 

    4.58

 

 

 

   204,268

 

 6.974

 

 

     350.34

 

  595

 

  63.0

 

65.01 - 70.00

 

 

    61,682,807

 

  301

 

    6.49

 

 

 

   204,926

 

 7.030

 

 

     350.67

 

  602

 

  68.6

 

70.01 - 75.00

 

 

    79,599,908

 

  384

 

    8.38

 

 

 

   207,291

 

 7.135

 

 

     353.26

 

  605

 

  74.0

 

75.01 - 80.00

 

 

  408,287,089

 

2,278

 

  42.98

 

 

 

   179,231

 

 6.861

 

 

     353.07

 

  631

 

  79.7

 

80.01 - 85.00

 

 

  108,925,568

 

  538

 

  11.47

 

 

 

   202,464

 

 7.289

 

 

     351.19

 

  606

 

  84.3

 

85.01 - 90.00

 

 

  136,989,213

 

  683

 

  14.42

 

 

 

   200,570

 

 7.446

 

 

     352.08

 

  616

 

  89.6

 

90.01 - 95.00

 

 

    29,417,501

 

  141

 

    3.10

 

 

 

   208,635

 

 7.861

 

 

     352.37

 

  640

 

  94.5

 

95.01 - 100.00

 

 

    16,957,710

 

  100

 

    1.79

 

 

 

   169,577

 

 7.907

 

 

     353.32

 

  657

 

  99.8

 

Total/Avg./Wtd. Avg

 

$

  949,999,828

 

5,012

 

100.00

%

 

$

   189,545

 

 7.100

%

 

     352.03

 

  620

 

  78.5

%

__________

*

The Weighted Average Original Loan-to-Value Ratio at origination of the Mortgage Loans as of the Cut-off Date was approximately 78.51%.

 



 

State Distribution for the Mortgage Loans

State

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

Alabama

 

$

      3,823,848

 

    33

 

    0.40

%

 

$

   115,874

 

 7.704

%

 

       350.23

 

  611

 

  83.1

%

Arizona

 

 

    44,290,730

 

  249

 

    4.66

 

 

 

   177,874

 

 6.991

 

 

     353.29

 

  628

 

  80.2

 

Arkansas

 

 

      1,139,258

 

    10

 

    0.12

 

 

 

   113,926

 

 7.665

 

 

     355.27

 

  620

 

  79.6

 

California

 

 

  267,138,510

 

  953

 

  28.12

 

 

 

   280,313

 

 6.902

 

 

     354.29

 

  617

 

  75.1

 

Colorado

 

 

    11,813,834

 

    71

 

    1.24

 

 

 

   166,392

 

 6.693

 

 

     348.10

 

  634

 

  80.2

 

Connecticut

 

 

    10,608,400

 

    59

 

    1.12

 

 

 

   179,803

 

 7.200

 

 

     354.66

 

  611

 

  73.3

 

Delaware

 

 

      2,819,679

 

    18

 

    0.30

 

 

 

   156,649

 

 7.065

 

 

     348.87

 

  625

 

  81.5

 

District of Columbia

 

 

         988,631

 

      4

 

    0.10

 

 

 

   247,158

 

 7.957

 

 

     354.90

 

  633

 

  71.8

 

Florida

 

 

    90,110,963

 

  508

 

    9.49

 

 

 

   177,384

 

 7.280

 

 

     351.52

 

  620

 

  79.1

 

Georgia

 

 

    23,023,870

 

  173

 

    2.42

 

 

 

   133,086

 

 7.307

 

 

     347.26

 

  613

 

  81.8

 

Hawaii

 

 

      1,800,561

 

      7

 

    0.19

 

 

 

   257,223

 

 7.005

 

 

     355.78

 

  636

 

  75.2

 

Idaho

 

 

      2,143,202

 

    18

 

    0.23

 

 

 

   119,067

 

 7.346

 

 

     354.98

 

  613

 

  78.0

 

Illinois

 

 

    43,819,646

 

  227

 

    4.61

 

 

 

   193,038

 

 7.070

 

 

     355.19

 

  626

 

  80.5

 

Indiana

 

 

    10,815,480

 

    97

 

    1.14

 

 

 

   111,500

 

 7.403

 

 

     349.65

 

  621

 

  82.7

 

Iowa

 

 

      2,409,637

 

    25

 

    0.25

 

 

 

     96,385

 

 7.603

 

 

     354.28

 

  632

 

  82.5

 

Kansas

 

 

      3,957,856

 

    30

 

    0.42

 

 

 

   131,929

 

 7.630

 

 

     350.30

 

  629

 

  86.6

 

Kentucky

 

 

      5,577,243

 

    45

 

    0.59

 

 

 

   123,939

 

 7.112

 

 

     344.57

 

  630

 

  79.7

 

Louisiana

 

 

         962,460

 

      8

 

    0.10

 

 

 

   120,308

 

 7.306

 

 

     353.09

 

  613

 

  81.2

 

Maine

 

 

      2,110,892

 

    14

 

    0.22

 

 

 

   150,778

 

 7.295

 

 

     355.55

 

  613

 

  80.6

 

Maryland

 

 

    49,650,913

 

  229

 

    5.23

 

 

 

   216,816

 

 7.136

 

 

     353.14

 

  610

 

  78.5

 

Massachusetts

 

 

    12,807,961

 

    54

 

    1.35

 

 

 

   237,184

 

 6.928

 

 

     353.31

 

  621

 

  78.5

 

Michigan

 

 

    29,202,526

 

  215

 

    3.07

 

 

 

   135,826

 

 7.639

 

 

     354.45

 

  607

 

  81.5

 

Minnesota

 

 

    17,352,564

 

    94

 

    1.83

 

 

 

   184,602

 

 7.008

 

 

     344.91

 

  623

 

  81.4

 

Mississippi

 

 

         427,121

 

      5

 

    0.04

 

 

 

     85,424

 

 7.584

 

 

     291.68

 

  603

 

  83.3

 

Missouri

 

 

    13,803,212

 

  113

 

    1.45

 

 

 

   122,152

 

 7.495

 

 

     345.22

 

  626

 

  83.1

 

Montana

 

 

         706,532

 

      6

 

    0.07

 

 

 

   117,755

 

 6.871

 

 

     353.97

 

  625

 

  81.7

 

Nebraska

 

 

         568,708

 

      4

 

    0.06

 

 

 

   142,177

 

 6.873

 

 

     355.09

 

  635

 

  85.8

 

Nevada

 

 

    29,849,220

 

  140

 

    3.14

 

 

 

   213,209

 

 7.146

 

 

     354.39

 

  616

 

  79.0

 

New Hampshire

 

 

      3,419,213

 

    18

 

    0.36

 

 

 

   189,956

 

 7.018

 

 

     345.54

 

  601

 

  79.5

 

New Jersey

 

 

    27,762,501

 

  126

 

    2.92

 

 

 

   220,337

 

 7.327

 

 

     352.55

 

  610

 

  77.9

 

New Mexico

 

 

      2,275,400

 

    14

 

    0.24

 

 

 

   162,529

 

 7.375

 

 

     351.54

 

  617

 

  76.5

 

New York

 

 

    34,436,009

 

  127

 

    3.62

 

 

 

   271,150

 

 6.838

 

 

     352.75

 

  631

 

  74.8

 

North Carolina

 

 

    20,872,818

 

  172

 

    2.20

 

 

 

   121,354

 

 7.351

 

 

     349.31

 

  621

 

  82.9

 

North Dakota

 

 

           75,705

 

      1

 

    0.01

 

 

 

     75,705

 

 7.340

 

 

     355.00

 

  632

 

  80.0

 

Ohio

 

 

    24,935,015

 

  192

 

    2.62

 

 

 

   129,870

 

 7.026

 

 

     346.58

 

  628

 

  82.8

 

Oklahoma

 

 

      2,277,384

 

    19

 

    0.24

 

 

 

   119,862

 

 7.331

 

 

     354.33

 

  621

 

  81.3

 

Oregon

 

 

      9,717,833

 

    56

 

    1.02

 

 

 

   173,533

 

 6.764

 

 

     348.52

 

  628

 

  81.8

 

Pennsylvania

 

 

    20,927,825

 

  151

 

    2.20

 

 

 

   138,595

 

 7.258

 

 

     342.22

 

  616

 

  80.5

 

Rhode Island

 

 

      5,969,372

 

    29

 

    0.63

 

 

 

   205,840

 

 7.161

 

 

     347.13

 

  625

 

  74.7

 

South Carolina

 

 

      9,350,574

 

    76

 

    0.98

 

 

 

   123,034

 

 7.389

 

 

     347.89

 

  621

 

  81.6

 

South Dakota

 

 

         235,420

 

      2

 

    0.02

 

 

 

   117,710

 

 5.997

 

 

     312.73

 

  654

 

  73.7

 

Tennessee

 

 

    13,441,171

 

  100

 

    1.41

 

 

 

   134,412

 

 7.281

 

 

     349.88

 

  627

 

  81.8

 

Texas

 

 

      8,914,957

 

    75

 

    0.94

 

 

 

   118,866

 

 7.245

 

 

     351.22

 

  626

 

  80.2

 

Utah

 

 

      3,016,424

 

    20

 

    0.32

 

 

 

   150,821

 

 7.247

 

 

     354.25

 

  631

 

  82.3

 

Vermont

 

 

         281,064

 

      2

 

    0.03

 

 

 

   140,532

 

 7.836

 

 

     355.64

 

  610

 

  86.0

 

Virginia

 

 

    45,405,865

 

  225

 

    4.78

 

 

 

   201,804

 

 7.156

 

 

     352.19

 

  613

 

  79.1

 

Washington

 

 

    19,270,567

 

  101

 

    2.03

 

 

 

   190,798

 

 6.848

 

 

     352.80

 

  626

 

  80.9

 

West Virginia

 

 

      2,734,205

 

    21

 

    0.29

 

 

 

   130,200

 

 8.073

 

 

     353.79

 

  608

 

  77.7

 

Wisconsin

 

 

    10,025,653

 

    69

 

    1.06

 

 

 

   145,299

 

 7.233

 

 

     346.51

 

  639

 

  81.5

 

Wyoming

 

 

         931,400

 

      7

 

    0.10

 

 

 

   133,057

 

 6.457

 

 

     354.28

 

  623

 

  78.8

 

Total/Avg./Wtd. Avg

 

$

  949,999,828

 

5,012

 

100.00

%

 

$

   189,545

 

 7.100

%

 

     352.03

 

  620

 

  78.5

%

 

 



 

Credit Bureau Risk Scores(1) for the Mortgage Loans*

Range of Credit Bureau

Risk Scores

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

801 - 820

 

$

         100,132

 

      1

 

    0.01

%

 

$

   100,132

 

 7.190

%

 

       282.00

 

  814

 

  75.0

%

781 - 800

 

 

      1,067,761

 

      5

 

    0.11

 

 

 

   213,552

 

 6.343

 

 

     342.93

 

  788

 

  66.9

 

761 - 780

 

 

      5,346,462

 

    23

 

    0.56

 

 

 

   232,455

 

 5.931

 

 

     349.05

 

  771

 

  73.5

 

741 - 760

 

 

    11,820,402

 

    64

 

    1.24

 

 

 

   184,694

 

 6.480

 

 

     350.35

 

  751

 

  80.3

 

721 - 740

 

 

    19,953,847

 

    93

 

    2.10

 

 

 

   214,557

 

 6.726

 

 

     351.48

 

  729

 

  80.7

 

701 - 720

 

 

    31,195,494

 

  148

 

    3.28

 

 

 

   210,780

 

 6.630

 

 

     350.73

 

  710

 

  78.4

 

681 - 700

 

 

    44,601,027

 

  225

 

    4.69

 

 

 

   198,227

 

 6.685

 

 

     351.52

 

  690

 

  80.0

 

661 - 680

 

 

    75,536,153

 

  375

 

    7.95

 

 

 

   201,430

 

 6.794

 

 

     350.12

 

  670

 

  79.4

 

641 - 660

 

 

  102,506,168

 

  553

 

  10.79

 

 

 

   185,364

 

 6.839

 

 

     351.33

 

  650

 

  79.1

 

621 - 640

 

 

  158,588,926

 

  860

 

  16.69

 

 

 

   184,406

 

 6.810

 

 

     350.85

 

  630

 

  80.1

 

601 - 620

 

 

  165,671,665

 

  899

 

  17.44

 

 

 

   184,284

 

 6.976

 

 

     352.53

 

  611

 

  79.6

 

581 - 600

 

 

  135,758,578

 

  754

 

  14.29

 

 

 

   180,051

 

 7.220

 

 

     353.22

 

  591

 

  79.1

 

561 - 580

 

 

    78,231,682

 

  386

 

    8.23

 

 

 

   202,673

 

 7.478

 

 

     352.63

 

  572

 

  76.1

 

541 - 560

 

 

    49,549,626

 

  264

 

    5.22

 

 

 

   187,688

 

 7.748

 

 

     353.43

 

  551

 

  75.8

 

521 - 540

 

 

    40,307,246

 

  214

 

    4.24

 

 

 

   188,352

 

 8.252

 

 

     353.80

 

  531

 

  73.4

 

501 - 520

 

 

    27,385,170

 

  136

 

    2.88

 

 

 

   201,362

 

 8.687

 

 

     355.16

 

  511

 

  72.0

 

500 or Less

 

 

      2,379,489

 

    12

 

    0.25

 

 

 

   198,291

 

 8.513

 

 

     356.07

 

  500

 

  70.3

 

Total/Avg./Wtd. Avg

 

$

  949,999,828

 

5,012

 

100.00

%

 

$

   189,545

 

 7.100

%

 

     352.03

 

  620

 

  78.5

%

______________________

(1)

The Credit Bureau Risk Scores referenced in this table with respect to substantially all of the Mortgage Loans were obtained by the respective originators from one or more credit reporting agencies, and were determined at the time of origination.

*

The weighted average Credit Bureau Risk Score of the Mortgage Loans as of the Cut-off Date was approximately 620.

 



 

Gross Margins for the Adjustable Rate Mortgage Loans*

Range of Gross Margins
(%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

2.001 – 3.000

 

$

         842,409

 

      4

 

    0.12

%

 

$

   210,602

 

 6.643

%

 

       353.50

 

  619

 

  82.7

%

3.001 – 4.000

 

 

      2,420,245

 

    11

 

    0.34

 

 

 

   220,022

 

 6.577

 

 

     354.18

 

  620

 

  81.4

 

4.001 – 5.000

 

 

    47,993,863

 

  238

 

    6.80

 

 

 

   201,655

 

 6.253

 

 

     355.12

 

  634

 

  78.5

 

5.001 – 6.000

 

 

  306,483,264

 

1,399

 

  43.40

 

 

 

   219,073

 

 6.735

 

 

     355.20

 

  628

 

  79.5

 

6.001 – 7.000

 

 

  263,416,638

 

1,333

 

  37.30

 

 

 

   197,612

 

 7.458

 

 

     355.28

 

  600

 

  78.6

 

7.001 – 8.000

 

 

    61,304,540

 

  350

 

    8.68

 

 

 

   175,156

 

 7.905

 

 

     354.47

 

  588

 

  82.5

 

8.001 – 9.000

 

 

    19,846,803

 

  132

 

    2.81

 

 

 

   150,355

 

 8.869

 

 

     354.18

 

  578

 

  84.5

 

9.001 – 10.000

 

 

      3,531,788

 

    30

 

    0.50

 

 

 

   117,726

 

 9.709

 

 

     351.48

 

  565

 

  81.4

 

10.001 - 11.000

 

 

         203,353

 

      2

 

    0.03

 

 

 

   101,677

 

10.582

 

 

     341.29

 

  559

 

  75.8

 

12.001 - 13.000

 

 

         118,832

 

      1

 

    0.02

 

 

 

   118,832

 

 9.750

 

 

     357.00

 

  504

 

  70.0

 

Total/Avg./Wtd. Avg

 

$

  706,161,736

 

3,500

 

100.00

%

 

$

   201,760

 

 7.149

%

 

     355.11

 

  613

 

  79.5

%

____________

*

The weighted average Gross Margin for the adjustable rate Mortgage Loans as of the Cut-off Date was approximately 6.265%.

 



 

Next Adjustment Date for the Adjustable Rate Mortgage Loans*

Next Adjustment Date

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

January 2006

 

$

         715,742

 

      5

 

    0.10

%

 

$

   143,148

 

 6.532

%

 

       352.13

 

  626

 

  82.6

%

February 2006

 

 

         166,085

 

      1

 

    0.02

 

 

 

   166,085

 

 8.415

 

 

     356.00

 

  573

 

  90.0

 

May 2006

 

 

         420,609

 

      2

 

    0.06

 

 

 

   210,304

 

 6.670

 

 

     348.54

 

  584

 

  90.0

 

June 2006

 

 

      1,542,676

 

      8

 

    0.22

 

 

 

   192,835

 

 6.727

 

 

     354.00

 

  595

 

  84.7

 

July 2006

 

 

      2,554,492

 

    14

 

    0.36

 

 

 

   182,464

 

 7.028

 

 

     352.17

 

  601

 

  77.9

 

August 2006

 

 

      5,372,936

 

    22

 

    0.76

 

 

 

   244,224

 

 7.657

 

 

     355.42

 

  603

 

  79.9

 

September 2006

 

 

         150,674

 

      1

 

    0.02

 

 

 

   150,674

 

 8.590

 

 

     346.00

 

  549

 

  80.0

 

October 2006

 

 

      1,287,717

 

      4

 

    0.18

 

 

 

   321,929

 

 7.924

 

 

     346.09

 

  576

 

  70.9

 

November 2006

 

 

      3,048,238

 

    17

 

    0.43

 

 

 

   179,308

 

 7.811

 

 

     347.13

 

  565

 

  82.3

 

December 2006

 

 

      5,471,401

 

    35

 

    0.77

 

 

 

   156,326

 

 7.589

 

 

     347.90

 

  560

 

  78.2

 

January 2007

 

 

      9,775,301

 

    65

 

    1.38

 

 

 

   150,389

 

 7.909

 

 

     349.29

 

  572

 

  83.7

 

February 2007

 

 

      6,776,725

 

    40

 

    0.96

 

 

 

   169,418

 

 7.626

 

 

     350.29

 

  584

 

  81.4

 

March 2007

 

 

      2,112,195

 

    14

 

    0.30

 

 

 

   150,871

 

 7.724

 

 

     351.00

 

  588

 

  79.9

 

April 2007

 

 

      2,532,345

 

    15

 

    0.36

 

 

 

   168,823

 

 7.474

 

 

     352.00

 

  603

 

  80.2

 

May 2007

 

 

    34,009,841

 

  173

 

    4.82

 

 

 

   196,589

 

 6.682

 

 

     353.07

 

  615

 

  80.1

 

June 2007

 

 

  111,496,608

 

  568

 

  15.79

 

 

 

   196,297

 

 6.873

 

 

     354.00

 

  613

 

  80.7

 

July 2007

 

 

  100,422,512

 

  442

 

  14.22

 

 

 

   227,200

 

 7.042

 

 

     355.00

 

  613

 

  79.5

 

August 2007

 

 

  191,220,801

 

  915

 

  27.08

 

 

 

   208,984

 

 7.219

 

 

     356.06

 

  612

 

  78.7

 

September 2007

 

 

  119,939,725

 

  591

 

  16.98

 

 

 

   202,944

 

 7.254

 

 

     357.01

 

  618

 

  78.0

 

October 2007

 

 

      2,448,543

 

    13

 

    0.35

 

 

 

   188,349

 

 7.757

 

 

     357.47

 

  593

 

  82.0

 

November 2007

 

 

         660,928

 

      6

 

    0.09

 

 

 

   110,155

 

 7.780

 

 

     348.00

 

  546

 

  75.2

 

December 2007

 

 

      2,538,702

 

    17

 

    0.36

 

 

 

   149,335

 

 7.659

 

 

     348.78

 

  569

 

  79.6

 

January 2008

 

 

      1,246,333

 

      8

 

    0.18

 

 

 

   155,792

 

 8.095

 

 

     349.29

 

  567

 

  81.9

 

February 2008

 

 

         953,477

 

      7

 

    0.14

 

 

 

   136,211

 

 7.387

 

 

     350.21

 

  625

 

  77.7

 

March 2008

 

 

         477,053

 

      4

 

    0.07

 

 

 

   119,263

 

 7.748

 

 

     351.00

 

  612

 

  92.4

 

April 2008

 

 

      1,240,143

 

      7

 

    0.18

 

 

 

   177,163

 

 8.744

 

 

     352.00

 

  577

 

  86.5

 

May 2008

 

 

      2,749,335

 

    12

 

    0.39

 

 

 

   229,111

 

 6.641

 

 

     353.00

 

  612

 

  82.2

 

June 2008

 

 

    27,184,810

 

  154

 

    3.85

 

 

 

   176,525

 

 6.924

 

 

     354.00

 

  612

 

  81.6

 

July 2008

 

 

    17,128,711

 

  104

 

    2.43

 

 

 

   164,699

 

 7.494

 

 

     355.01

 

  612

 

  81.0

 

August 2008

 

 

    30,401,564

 

  141

 

    4.31

 

 

 

   215,614

 

 7.299

 

 

     356.03

 

  630

 

  79.6

 

September 2008

 

 

    15,670,835

 

    76

 

    2.22

 

 

 

   206,195

 

 7.342

 

 

     357.00

 

  625

 

  80.9

 

October 2008

 

 

         975,702

 

      4

 

    0.14

 

 

 

   243,925

 

 7.621

 

 

     358.00

 

  604

 

  83.6

 

January 2010

 

 

           75,591

 

      1

 

    0.01

 

 

 

     75,591

 

 9.720

 

 

     349.00

 

  525

 

  80.0

 

May 2010

 

 

      2,024,402

 

      7

 

    0.29

 

 

 

   289,200

 

 6.804

 

 

     353.00

 

  631

 

  78.6

 

August 2010

 

 

         807,229

 

      4

 

    0.11

 

 

 

   201,807

 

 6.411

 

 

     356.00

 

  672

 

  78.8

 

September 2010

 

 

         561,756

 

      3

 

    0.08

 

 

 

   187,252

 

 6.393

 

 

     357.00

 

  650

 

  74.0

 

Total/Avg./Wtd. Avg

 

$

  706,161,736

 

3,500

 

100.00

%

 

$

   201,760

 

 7.149

%

 

     355.11

 

  613

 

  79.5

%

______________

*

The weighted average number of months to next Adjustment Date for the adjustable rate Mortgage Loans as of the Cut-off Date is 21 months.

 



 

Maximum Mortgage Rates for the Adjustable Rate Mortgage Loans*

Range of Maximum
Mortgage Rates (%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

10.501 - 11.000

 

$

      1,492,394

 

      4

 

    0.21

%

 

$

   373,098

 

 5.023

%

 

     349.25

 

  603

 

  83.6

%

11.001 - 11.500

 

 

      8,487,962

 

    38

 

    1.20

 

 

 

   223,367

 

 5.864

 

 

       355.31

 

  640

 

  78.2

 

11.501 - 12.000

 

 

    35,288,519

 

  172

 

    5.00

 

 

 

   205,166

 

 5.921

 

 

     354.99

 

  625

 

  77.0

 

12.001 - 12.500

 

 

    69,482,179

 

  360

 

    9.84

 

 

 

   193,006

 

 6.290

 

 

     354.59

 

  625

 

  79.3

 

12.501 - 13.000

 

 

  136,923,302

 

  654

 

  19.39

 

 

 

   209,363

 

 6.577

 

 

     354.85

 

  623

 

  77.6

 

13.001 - 13.500

 

 

    93,609,431

 

  451

 

  13.26

 

 

 

   207,560

 

 6.842

 

 

     355.20

 

  625

 

  78.6

 

13.501 - 14.000

 

 

  141,937,695

 

  684

 

  20.10

 

 

 

   207,511

 

 7.127

 

 

     355.40

 

  621

 

  80.8

 

14.001 - 14.500

 

 

    74,499,646

 

  360

 

  10.55

 

 

 

   206,943

 

 7.508

 

 

     355.59

 

  614

 

  80.9

 

14.501 - 15.000

 

 

    60,795,285

 

  311

 

    8.61

 

 

 

   195,483

 

 8.011

 

 

     355.17

 

  590

 

  81.9

 

15.001 - 15.500

 

 

    31,546,455

 

  176

 

    4.47

 

 

 

   179,241

 

 8.394

 

 

     355.18

 

  577

 

  80.2

 

15.501 - 16.000

 

 

    29,926,530

 

  170

 

    4.24

 

 

 

   176,038

 

 8.921

 

 

     355.14

 

  566

 

  81.1

 

16.001 - 16.500

 

 

    11,241,765

 

    57

 

    1.59

 

 

 

   197,224

 

 9.240

 

 

     354.40

 

  562

 

  80.4

 

16.501 - 17.000

 

 

      8,005,665

 

    46

 

    1.13

 

 

 

   174,036

 

 9.931

 

 

     355.14

 

  532

 

  74.1

 

17.001 - 17.500

 

 

      1,670,242

 

    10

 

    0.24

 

 

 

   167,024

 

10.339

 

 

     352.58

 

  525

 

  74.4

 

17.501 - 18.000

 

 

      1,007,642

 

      6

 

    0.14

 

 

 

   167,940

 

10.946

 

 

     354.59

 

  548

 

  67.5

 

18.501 - 19.000

 

 

         247,023

 

      1

 

    0.03

 

 

 

   247,023

 

11.590

 

 

     354.00

 

  515

 

  75.0

 

Total/Avg./Wtd. Avg

 

$

  706,161,736

 

3,500

 

100.00

%

 

$

   201,760

 

 7.149

%

 

     355.11

 

  613

 

  79.5

%

_________________

*

The weighted average Maximum Mortgage Rate for the adjustable rate Mortgage Loans as of the Cut-off Date was approximately 13.647% per annum.

Initial Periodic Rate Cap for the Adjustable Rate Mortgage Loans*

Initial Periodic

Rate Cap (%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

1.500

 

$

    26,124,272

 

  135

 

    3.70

%

 

$

   193,513

 

 7.472

%

 

      355.01

 

  617

 

  78.2

%

2.000

 

 

    71,628,004

 

  267

 

  10.14

 

 

 

   268,270

 

 6.738

 

 

    355.50

 

  640

 

  79.0

 

3.000

 

 

  608,210,261

 

3,097

 

  86.13

 

 

 

   196,387

 

 7.184

 

 

    355.06

 

  609

 

  79.6

 

6.000

 

 

         199,199

 

      1

 

    0.03

 

 

 

   199,199

 

 6.500

 

 

    353.00

 

  729

 

  75.2

 

Total/Avg./Wtd. Avg

 

$

  706,161,736

 

3,500

 

100.00

%

 

$

   201,760

 

 7.149

%

 

    355.11

 

  613

 

  79.5

%

________________

*

The weighted average initial Periodic Rate Cap for the adjustable rate Mortgage Loans as of the Cut-off Date was approximately 2.844%.

 



 

Subsequent Periodic Rate Cap for the Adjustable Rate Mortgage Loans*

Subsequent

Periodic Rate Cap (%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

1.000

 

$

  412,967,447

 

2,200

 

  58.48

%

 

$

   187,712

 

    7.054

%

 

      354.96

 

  613

 

  80.3

%

1.500

 

 

    35,643,358

 

  179

 

    5.05

 

 

 

   199,125

 

 7.431

 

 

    354.99

 

  614

 

  79.1

 

2.000

 

 

  257,550,931

 

1,121

 

  36.47

 

 

 

   229,751

 

 7.263

 

 

    355.36

 

  613

 

  78.2

 

Total/Avg./Wtd. Avg

 

$

  706,161,736

 

3,500

 

100.00

%

 

$

   201,760

 

 7.149

%

 

    355.11

 

  613

 

  79.5

%

________________

*

The weighted average subsequent Periodic Rate Cap for the adjustable rate Mortgage Loans as of the Cut-off Date was approximately 1.390%.

Minimum Mortgage Rates for the Adjustable Rate Mortgage Loans*

Range of Minimum
Mortgage Rates (%)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

4.001 – 5.000

 

$

      2,096,631

 

      7

 

    0.30

%

 

$

   299,519

 

 5.011

%

 

      350.94

 

  618

 

  77.0

%

5.001 – 6.000

 

 

    79,736,582

 

  344

 

  11.29

 

 

 

   231,792

 

 5.834

 

 

    355.04

 

  640

 

  75.4

 

6.001 – 7.000

 

 

  312,612,254

 

1,544

 

  44.27

 

 

 

   202,469

 

 6.653

 

 

    355.12

 

  627

 

  79.1

 

7.001 – 8.000

 

 

  201,333,822

 

  987

 

  28.51

 

 

 

   203,986

 

 7.539

 

 

    355.24

 

  605

 

  81.4

 

8.001 – 9.000

 

 

    79,684,448

 

  439

 

  11.28

 

 

 

   181,514

 

 8.525

 

 

    355.12

 

  575

 

  81.3

 

9.001 - 10.000

 

 

    26,142,564

 

  152

 

    3.70

 

 

 

   171,991

 

 9.459

 

 

    354.58

 

  551

 

  78.8

 

10.001 or Greater

 

 

      4,555,434

 

    27

 

    0.65

 

 

 

   168,720

 

10.627

 

 

    353.64

 

  532

 

  70.4

 

Total/Avg./Wtd. Avg

 

$

  706,161,736

 

3,500

 

100.00

%

 

$

   201,760

 

 7.149

%

 

    355.11

 

  613

 

  79.5

%

________________

*

The weighted average Minimum Mortgage Rate for the adjustable rate Mortgage Loans as of the Cut-off Date was approximately 7.136% per annum.

 



 

Types of Mortgaged Properties for the Mortgage Loans

Property Type

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

Single-Family Residence

 

$

  740,086,402

 

 4,018

 

  77.90

%

 

$

   184,193

 

 7.099

%

 

       351.64

 

  619

 

  78.6

%

Planned Unit Development

 

 

  123,065,309

 

    572

 

  12.95

 

 

 

   215,149

 

 7.110

 

 

     353.50

 

  617

 

  79.0

 

Condominium

 

 

    45,934,849

 

    248

 

    4.84

 

 

 

   185,221

 

 7.090

 

 

     354.11

 

  631

 

  79.8

 

Two Family

 

 

    23,534,167

 

    105

 

    2.48

 

 

 

   224,135

 

 7.048

 

 

     350.03

 

  632

 

  73.4

 

Three Family

 

 

      6,274,074

 

      24

 

    0.66

 

 

 

   261,420

 

 6.928

 

 

     355.27

 

  623

 

  73.8

 

Four Family

 

 

      5,048,646

 

      15

 

    0.53

 

 

 

   336,576

 

 7.423

 

 

     355.25

 

  638

 

  71.3

 

Single-Family Residence
(attached)

 

 

      2,662,033

 

      14

 

    0.28

 

 

 

   190,145

 

 7.099

 

 

     355.85

 

  635

 

  75.8

 

CNDP

 

 

      1,732,942

 

        7

 

    0.18

 

 

 

   247,563

 

 7.476

 

 

     355.05

 

  627

 

  82.6

 

Townhouse

 

 

         826,594

 

        3

 

    0.09

 

 

 

   275,531

 

 6.729

 

 

     354.91

 

  655

 

  74.8

 

Single-Family Residence
(detached)

 

 

         734,125

 

        5

 

    0.08

 

 

 

 146,825

 

 6.969

 

 

       355.17

 

  675

 

  79.3

 

Planned Unit Development
(detached)

 

 

         100,687

 

        1

 

    0.01

 

 

 

   100,687

 

 6.540

 

 

     357.00

 

  583

 

  80.0

 

Total/Avg./Wtd. Avg

 

$

  949,999,828

 

 5,012

 

100.00

%

 

$

   189,545

 

 7.100

%

 

     352.03

 

  620

 

  78.5

%

 

Occupancy Types for the Mortgage Loans(1)

Occupancy

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

Owner Occupied

 

$

  927,839,144

 

4,876

 

  97.67

%

 

$

   190,287

 

 7.091

%

 

         352.08

 

  619

 

  78.5

%

Investment

 

 

    17,884,783

 

  111

 

    1.88

 

 

 

   161,124

 

 7.409

 

 

       349.75

 

  657

 

  76.3

 

Second Home

 

 

      4,275,902

 

    25

 

    0.45

 

 

 

   171,036

 

 7.623

 

 

       349.87

 

  638

 

  82.4

 

Total/Avg./Wtd. Avg

 

$

  949,999,828

 

5,012

 

100.00

%

 

$

   189,545

 

 7.100

%

 

       352.03

 

  620

 

  78.5

%

__________________

(1)

Based on representations by the Mortgagors at the time of origination of the Mortgage Loans.

Loan Purposes for the Mortgage Loans

Loan Purpose

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

Refinance – Cash Out

 

$

  566,489,941

 

2,823

 

  59.63

%

 

$

   200,669

 

 7.153

%

 

       351.22

 

  610

 

  76.5

%

Purchase

 

 

  289,995,423

 

1,633

 

  30.53

 

 

 

   177,584

 

 7.001

 

 

     354.37

 

  638

 

  82.0

 

Refinance – No Cash Out

 

 

    93,514,464

 

  556

 

    9.84

 

 

 

   168,191

 

 7.081

 

 

     349.63

 

  621

 

  80.0

 

Total/Avg./Wtd. Avg

 

$

  949,999,828

 

5,012

 

100.00

%

 

$

   189,545

 

 7.100

%

 

     352.03

 

  620

 

  78.5

%

 

 



 

Credit Grade Categories for the Mortgage Loans(1)

Credit Grade
Category

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

PR

 

$

  103,719,752

 

  503

 

  10.92

%

 

$

   206,202

 

 7.271

%

 

       351.20

 

  596

 

  78.2

%

PP

 

 

  711,981,167

 

3,821

 

  74.95

 

 

 

   186,334

 

 6.951

 

 

     351.94

 

  631

 

  79.4

 

A-

 

 

    36,790,470

 

  178

 

    3.87

 

 

 

   206,688

 

 7.546

 

 

     352.35

 

  580

 

  76.5

 

B

 

 

    57,828,413

 

  299

 

    6.09

 

 

 

   193,406

 

 7.658

 

 

     352.62

 

  581

 

  74.7

 

C

 

 

    33,676,577

 

  177

 

    3.54

 

 

 

   190,263

 

 8.010

 

 

     354.61

 

  567

 

  71.2

 

C-

 

 

      3,226,651

 

    17

 

    0.34

 

 

 

   189,803

 

 9.213

 

 

     354.38

 

  555

 

  62.2

 

D

 

 

      2,776,798

 

    17

 

    0.29

 

 

 

   163,341

 

 7.745

 

 

     354.18

 

  588

 

  72.9

 

Total/Avg./Wtd. Avg

 

$

  949,999,828

 

5,012

 

100.00

%

 

$

   189,545

 

 7.100

%

 

     352.03

 

  620

 

  78.5

%

_____________________

(1)

Although the Mortgage Loans were originated by various originators under differing underwriting guidelines, the Mortgage Loans loosely correspond to the Countrywide Home Loans credit grades shown in this table. See “—Underwriting Standards” in the prospectus supplement.

Original Term for the Mortgage Loans

Original Term

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

ARM 360

 

$

  706,161,736

 

3,500

 

  74.33

%

 

$

   201,760

 

 7.149

%

 

       355.11

 

    613

 

  79.5

%

Fixed 120

 

 

         512,743

 

      5

 

    0.05

 

 

 

   102,549

 

 6.656

 

 

     115.10

 

    648

 

  60.8

 

Fixed 180

 

 

    11,952,613

 

    89

 

    1.26

 

 

 

   134,299

 

 6.918

 

 

     175.72

 

    636

 

  72.7

 

Fixed 240

 

 

      5,338,029

 

    38

 

    0.56

 

 

 

   140,474

 

 6.819

 

 

     235.21

 

    659

 

  78.9

 

Fixed 300

 

 

         448,521

 

      3

 

    0.05

 

 

 

   149,507

 

 6.951

 

 

     296.33

 

    652

 

  75.2

 

Fixed 360

 

 

  225,586,186

 

1,377

 

  23.75

 

 

 

   163,824

 

 6.962

 

 

     355.15

 

    639

 

  75.7

 

Total/Avg./Wtd. Avg

 

$

  949,999,828

 

5,012

 

100.00

%

 

$

   189,545

 

 7.100

%

 

     352.03

 

    620

 

  78.5

%

 

 



 

Loan Documentation Type for the Mortgage Loans

Loan

Documentation Type

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

Full Documentation

 

$

  593,946,841

 

3,389

 

  62.52

%

 

$

   175,257

 

 6.965

%

 

       351.38

 

    614

 

  79.1

%

Stated Income

 

 

  355,825,178

 

1,622

 

  37.46

 

 

 

   219,374

 

 7.323

 

 

     353.11

 

    628

 

  77.5

 

No Income/No Assets

 

 

         227,809

 

      1

 

    0.02

 

 

 

   227,809

 

 9.000

 

 

     357.00

 

    575

 

  75.0

 

Total/Avg./Wtd. Avg

 

$

  949,999,828

 

5,012

 

100.00

%

 

$

   189,545

 

 7.100

%

 

     352.03

 

    620

 

  78.5

%

 

Original Prepayment Penalty Term for the Mortgage Loans

Original Prepayment
Penalty Term (months)

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

0

 

$

  194,683,885

 

1,079

 

  20.49

%

 

$

   180,430

 

 7.412

%

 

       352.86

 

    620

 

  79.7

%

3

 

 

         177,766

 

      1

 

    0.02

 

 

 

   177,766

 

 7.040

 

 

     175.00

 

    597

 

  85.0

 

6

 

 

      2,535,569

 

    12

 

    0.27

 

 

 

   211,297

 

 7.004

 

 

     356.59

 

    642

 

  82.3

 

12

 

 

    43,586,100

 

  181

 

    4.59

 

 

 

   240,807

 

 7.190

 

 

     353.97

 

    625

 

  77.9

 

24

 

 

  428,807,156

 

2,105

 

  45.14

 

 

 

   203,709

 

 7.081

 

 

     354.93

 

    612

 

  79.0

 

36

 

 

  230,478,894

 

1,381

 

  24.26

 

 

 

   166,893

 

 6.962

 

 

     347.60

 

    630

 

  78.1

 

48

 

 

         611,996

 

      4

 

    0.06

 

 

 

   152,999

 

 6.840

 

 

     298.77

 

    609

 

  70.3

 

60

 

 

    49,118,462

 

  249

 

    5.17

 

 

 

   197,263

 

 6.599

 

 

     343.54

 

    631

 

  72.0

 

Total/Avg./Wtd. Avg

 

$

  949,999,828

 

5,012

 

100.00

%

 

$

   189,545

 

 7.100

%

 

     352.03

 

    620

 

  78.5

%

 

 



 

Months to Next Adjustment Date for the Adjustable Rate Mortgage Loans

Range of

Months to Next
Adjustment Date

 

Weighted Average Months to Next Adjustment Date

 

Aggregate

Principal

Balance

Outstanding

 

Number

of Loans

 

Percent of

Aggregate

Principal

Balance

Outstanding

 

Average

Principal

Balance

 

Weighted

Average

Mortgage

Rate

 

Weighted

Average

Remaining

Term to

Maturity

(months)

 

Weighted

Average

Credit

Score

 

Weighted

Average

Original

Loan-to-

Value

Ratio

0-6

 

            4

 

$

      2,845,112

 

    16

 

    0.40

%

 

$

   177,819

 

 6.768

%

 

      352.84

 

  600

 

  85.3

%

7-12

 

            9

 

 

    15,832,162

 

    77

 

    2.24

 

 

 

   205,612

 

 7.540

 

 

    350.85

 

  583

 

  78.8

 

13-18

 

          17

 

 

  168,628,595

 

  890

 

  23.88

 

 

 

   189,470

 

 6.959

 

 

    353.25

 

  609

 

  80.7

 

19-24

 

          20

 

 

  415,386,550

 

1,972

 

  58.82

 

 

 

   210,642

 

 7.191

 

 

    356.06

 

  614

 

  78.7

 

25-31

 

          30

 

 

    52,708,252

 

  308

 

    7.46

 

 

 

   171,131

 

 7.212

 

 

    353.83

 

  608

 

  81.5

 

32-37

 

          32

 

 

    47,292,087

 

  222

 

    6.70

 

 

 

   213,027

 

 7.312

 

 

    356.39

 

  628

 

  80.1

 

38 or Greater

 

          54

 

 

      3,468,977

 

    15

 

    0.49

 

 

 

   231,265

 

 6.710

 

 

    354.26

 

  641

 

  78.0

 

Total/Avg./Wtd. Avg

 

 

 

$

  706,161,736

 

3,500

 

100.00

%

 

$

   201,760

 

 7.149

%

 

    355.11

 

  613

 

  79.5

%