THE MORTGAGE POOL

References to percentages of the mortgage loans unless otherwise noted are calculated based on the aggregate principal balance of the mortgage loans as of the Cut-off Date.

The mortgage pool will consist of two groups of mortgage loans, referred to in this prospectus supplement as Loan Group 1 and Loan Group 2, and also designated as the Group 1 Loans and the Group 2 Loans, respectively. The mortgage loans in Loan Group 1 will be divided into two mortgage loan groups, Loan Group 1-A-1 and Loan Group 1-A-2. The mortgage loans in Loan Group 1-A-1 are one- to four-family, fixed-rate residential mortgage loans secured by first liens on the related mortgaged property with mortgage loan balances at origination that may or may not conform to Fannie Mae or Freddie Mac loan limits. The mortgage loans in Loan Group 1-A-2 are one- to four-family, fixed-rate and adjustable-rate residential mortgage loans secured by first and second liens on the related mortgaged property with mortgage loan balances at origination that may or may not conform to Fannie Mae or Freddie Mac loan limits. The Group 2 Loans are adjustable-rate, multifamily mortgage loans secured by first liens on mortgaged properties. The mortgage loans will have original terms to maturity of not greater than 30 years.

The Sponsor will convey the mortgage loans to the Depositor on the Closing Date pursuant to the Mortgage Loan Purchase Agreement and the Depositor will convey the mortgage loans to the trust on the Closing Date pursuant to the Agreement. The Sponsor will make certain representations and warranties with respect to the mortgage loans in the Mortgage Loan Purchase Agreement. These representations and warranties will be assigned by the Depositor to the Trustee for the benefit of the certificateholders. As more particularly described in the prospectus, the Sponsor will have certain repurchase or substitution obligations in connection with a breach of any such representation or warranty, as well as in connection with an omission or defect in respect of certain constituent documents required to be delivered with respect to the mortgage loans, if such breach, omission or defect cannot be cured and it materially and adversely affects the interests of the certificateholders. In the event the Sponsor fails to repurchase a mortgage loan, Impac Holdings will be required to do so. See “The Mortgage Pools—Representations by Sellers” in the prospectus.

The mortgage loans will have been originated or acquired by the Sponsor in accordance with the underwriting criteria described in this prospectus supplement. See “—Underwriting Criteria” below.

Substantially all of the Group 1 Loans will initially be subserviced by Countrywide Home Loans Servicing LP. After the servicing transfer date, which will occur on or about June 1, 2006, approximately 88% of the Group 1 Loans will be subserviced by GMAC Mortgage Corporation. All of the Group 2 Loans will be subserviced by Midland Loan Services, Inc. See “Pooling and Servicing Agreement—The Subservicers” in this prospectus supplement.

All of the mortgage loans have scheduled monthly payments due on the Due Date. Each mortgage loan will contain a customary “due-on-sale” clause.

Mortgage Rate Adjustment

The mortgage rate on the adjustable-rate mortgage loans will generally adjust semi-annually commencing after an initial period after origination of six months, one year, two years, three years, five years, seven years or ten years, as applicable, in each case on each applicable adjustment date to a rate equal to the sum, generally rounded to the nearest one-eighth of one percentage point (12.5 basis points), of (i) the related index and (ii) the gross margin. In addition, the mortgage rate on each adjustable-rate mortgage loan is subject on its first adjustment date following its origination to an initial rate cap and on each adjustment date thereafter to a periodic rate cap. All of the adjustable-rate mortgage loans are also subject to maximum and minimum lifetime mortgage rates. The adjustable-rate mortgage loans were generally originated with an initial mortgage rate below the sum of the index at origination and the gross margin. Due to the application of the initial rate caps, periodic rate caps, maximum mortgage rates and minimum mortgage rates, the mortgage rate on any adjustable-rate mortgage loan, as adjusted on any related adjustment date, may not equal the sum of the index and the gross margin.

The mortgage rate on a substantial majority of the adjustable-rate mortgage loans adjusts based on an index equal to Six-Month LIBOR. In the event that the related index is no longer available, an index that is based on comparable information will be selected by the Master Servicer, to the extent that it is permissible under the terms of the related mortgage and mortgage note.

Substantially all of the adjustable-rate mortgage loans will not have reached their first adjustment date as of the Closing Date. The initial mortgage rate is generally lower than the rate that would have been produced if the applicable gross margin had been added to the index in effect at origination.

Indices on the Mortgage Loans

The index applicable to the determination of the mortgage rate on approximately 47.77% and 94.26% (in each case, by aggregate outstanding principal balance of the related mortgage loans as of the Cut-off Date) of the Group 1 Loans and Group 2 Loans, respectively, is the average of the interbank offered rates for six-month United States dollar deposits in the London market as published by Fannie Mae or The Wall Street Journal and, in most cases, as most recently available as of the first business day of the month preceding such adjustment date, or Six-Month LIBOR.

The table below sets forth historical average rates of Six-Month LIBOR for the months indicated as made available from Fannie Mae. The rates are determined from information that is available as of 11:00 a.m. (London time) on the second to last business day of each month. Such average rates may fluctuate significantly from month to month as well as over longer periods and may not increase or decrease in a constant pattern from period to period. There can be no assurance that levels of Six-Month LIBOR published by Fannie Mae, or published on a different reference date would have been at the same levels as those set forth below. The following does not purport to be representative of future levels of Six-Month LIBOR (as published by Fannie Mae). No assurance can be given as to the level of Six-Month LIBOR on any adjustment date or during the life of any adjustable-rate mortgage loan based on Six-Month LIBOR.

Six-Month LIBOR
Month	1998	1999	2000	2001	2002	2003	2004	2005	2006
January	5.75%	5.04%	6.23%	5.36%	1.99%	1.35%	1.21%	2.96%	4.81%
February	5.78	5.17	6.32	4.96	2.06	1.34	1.10	3.15	4.99
March	5.80	5.08	6.53	4.71	2.33	1.26	1.09	3.39
April	5.87	5.08	6.61	4.23	2.10	1.29	1.10	3.42
May	5.81	5.19	7.06	3.91	2.09	1.22	1.11	3.54
June	5.87	5.62	7.01	3.83	1.95	1.12	1.36	3.71
July	5.82	5.65	6.88	3.70	1.86	1.15	1.99	3.92
August	5.69	5.90	6.83	3.48	1.82	1.21	1.99	4.06
September	5.36	5.96	6.76	2.53	1.75	1.18	2.17	4.22
October	5.13	6.13	6.72	2.17	1.62	1.22	2.30	4.45
November	5.28	6.04	6.68	2.10	1.47	1.25	2.62	4.58
December	5.17	6.13	6.20	1.98	1.38	1.22	2.78	4.69

The index applicable to the determination of the mortgage rate on approximately 3.21% (by aggregate outstanding principal balance of the related mortgage loans as of the Cut-off Date) of the mortgage loans in Loan Group 1 is the average of the interbank offered rates for one-year United States dollar deposits in the London market as published by Fannie Mae or The Wall Street Journal and, in most cases, as most recently available as of the first business day of the month preceding such adjustment date, or One-Year LIBOR.

Prepayment Charges

Approximately 79.94% of the mortgage loans in Loan Group 1, in the aggregate, 79.23% of the mortgage loans in Loan Group 1-A-1, 80.14% of the mortgage loans in Loan Group 1-A-2 and all of the mortgage loans in Loan Group 2 provide for payment by the mortgagor of a prepayment charge in limited circumstances on prepayments. Generally, these mortgage loans provide for payment of a prepayment charge on partial or full prepayments made within one year to five years or other period as provided in the related mortgage note from the date of origination of the mortgage loan. The amount of the prepayment charge is as provided in the related mortgage note, and the prepayment charge will generally apply if, in any period during the first year, five years or other period as provided in the related mortgage note from the date of origination of the mortgage loan, the mortgagor prepays an aggregate amount exceeding 20% of the original principal balance of the mortgage loan. The amount of the prepayment charge will generally be equal to 6 months’ interest calculated on the basis of the mortgage rate in effect at the time of the prepayment on the amount prepaid in excess of 20% of the original principal balance of the mortgage loan. The holders of the Class P-R Certificates will be entitled to all prepayment charges received on the Group 1 Loans, and these amounts will not be available for distribution on the other classes of certificates. The holders of the Class P-M Certificates will be entitled to all prepayment charges received on the Group 2 Loans, and these amounts will not be available for distribution on the other classes of certificates. The Master Servicer may waive the collection of any otherwise applicable prepayment charge or reduce the amount thereof actually collected, but only if the Master Servicer does so in compliance with the prepayment charge waiver standards set forth in the Agreement. If the Master Servicer waives any prepayment charge other than in accordance with the standards set forth in the Agreement, the Master Servicer will be required to pay the amount of the waived prepayment charge. There can be no assurance that the prepayment charges will have any effect on the prepayment performance of the mortgage loans.

Primary Mortgage Insurance

Approximately 7.66% of the Group 1 Loans, in the aggregate, 8.38% of the Group 1-A-1 Loans and 7.47% of the Group 1-A-2 Loans with a loan-to-value ratio at origination in excess of 80% will be insured by one of the following: (1) a Primary Insurance Policy issued by a private mortgage insurer (other than a PMI Insurer Policy), or (2) the PMI Insurer Policy.

Each Primary Insurance Policy will insure against default under each insured mortgage note as follows: (A) for which the outstanding principal balance at origination of such mortgage loan is greater than or equal to 80.01% and up to and including 90.00% of the lesser of the Appraised Value and the sale price, such mortgage loan is covered in an amount equal to at least 12.00% of the Allowable Claim and (B) for which the outstanding principal balance at origination of such mortgage loan exceeded 90.00% of the lesser of the Appraised Value and the sale price, such mortgage loan is covered in an amount equal to at least 20.00% of the Allowable Claim.

See “Primary Mortgage Insurance, Hazard Insurance; Claims Thereunder — Hazard Insurance Policies” in the prospectus.

The PMI Insurer

Radian Guaranty Inc.

Radian Guaranty Inc., a Pennsylvania corporation with its principal offices in Philadelphia, Pennsylvania, is a private mortgage insurance company and a wholly-owned subsidiary of Radian Group Inc., an insurance holding company listed on the New York Stock Exchange. Radian is licensed in all 50 states and in the District of Columbia to offer such insurance and is approved as a private mortgage insurer by Fannie Mae and Freddie Mac. Radian’s financial strength is rated “AA” by S&P and Fitch Ratings and “Aa3” by Moody’s. Radian’s financial strength currently is not rated by any other rating agency. Each financial strength rating of Radian should be evaluated independently. The ratings reflect the respective rating agencies’ current assessments of the creditworthiness of Radian and its ability to pay claims on its policies of insurance. Any further explanation as to the significance of the above ratings may be obtained only from the applicable rating agency. The above ratings are not recommendations to buy, sell or hold any class of Offered Certificates, and such ratings are subject to revision, qualification or withdrawal at any time by the applicable rating agencies. Any downward revision, qualification or withdrawal of any of the above ratings may have an adverse effect on the market prices of the Offered Certificates. Radian does not guaranty the market prices of the Offered Certificates nor does it guaranty that its financial strength ratings will not be revised, qualified or withdrawn.

Copies of Radian’s quarterly and annual statutory financial statements, which are based on accounting principles that differ in significant respects from generally accepted accounting principles, are available upon request to Radian at Radian Guaranty Inc., 1601 Market Street, Philadelphia, Pennsylvania 19103. Radian’s telephone number is (215) 231 1000.

The PMI Policy

Approximately 7.66% of the Group 1 Loans, in the aggregate, 8.38% of the Group 1-A-1 Loans and 7.47% of the Group 1-A-2 Loans by aggregate outstanding principal balance of the mortgage loans in Loan Group 1, Loan Group 1-A-1 and Loan Group 1-A-2, respectively, as of the Cut-off Date, are insured by the PMI Insurer pursuant to the PMI Insurer Policy. The mortgage loans covered by the PMI Insurer Policy are referred to as the PMI Mortgage Loans. The insured percentage of the claim varies on a loan-by-loan basis based upon the original loan-to-value ratio of the related mortgage loan.

The PMI Insurer Policy will only cover those mortgage loans which meet certain underwriting criteria as determined by the PMI Insurer. The PMI Insurer Policy will be required to remain in force with respect to each PMI Mortgage Loan until (i) the principal balance of the PMI Mortgage Loan is paid in full or liquidated, (ii) upon written notice of cancellation of the PMI Insurer Policy from the insured to the PMI Insurer, (iii) upon written notice of cancellation of the PMI Insurer Policy from the PMI Insurer to the insured or (iv) any event specified in the PMI Insurer Policy occurs that allows for the termination of that PMI Insurer Policy by the PMI Insurer.

The PMI Insurer Policy generally will require that delinquencies on any PMI Mortgage Loan must be reported to the PMI Insurer within fifteen (15) days after such loan is three (3) months in default, and appropriate proceedings to obtain title to the property securing such PMI Mortgage Loan must be commenced within six months of default. The PMI Policy under which the PMI Mortgage Loans are insured will contain provisions substantially as follows: (i) a claim generally includes unpaid principal, accrued interest to the date such claim is presented by the insured, and certain advances and expenses as set forth in the PMI Insurer Policy; (ii) when a claim is presented the PMI Insurer will have the option of either (A) paying the claim in full, taking title to the property securing the PMI Mortgage Loan, and arranging for its sale or (B) paying the insured percentage of the claim with the insured retaining title to the property securing the PMI Mortgage Loan; and (iii) a claim generally must be paid within 60 days after the claim is filed by the insured.

Unless approved in writing by the PMI Insurer, the insured under the PMI Insurer Policy will not be permitted to make any change in the terms of a PMI Mortgage Loan, including the borrowed amount, mortgage rate, term or amortization schedule of the PMI Mortgage Loan, except as specifically permitted by the terms of the related PMI Mortgage Loan; nor make any change in the property or other collateral securing the PMI Mortgage Loan; nor release any mortgagor under the PMI Mortgage Loan from liability. If a PMI Mortgage Loan is assumed with the insured’s approval, the PMI Insurer’s liability for coverage of the PMI Mortgage Loan under the related PMI Insurer Policy generally will terminate as of the date of such assumption, unless the applicable PMI Insurer approves the assumption in writing.

The PMI Insurer Policy specifically excludes coverage of: (i) any claim resulting from a default existing at the inception of coverage or occurring after lapse or cancellation of coverage; and (ii) certain claims involving or arising out of any breach by the insured of its obligations under, or its failure to comply with the terms of, the PMI Insurer Policy or of its obligations as imposed by operation of law and (iii) certain other claims as set forth in the PMI Insurer Policy.

In issuing the PMI Insurer Policy, the PMI Insurer will rely upon certain information and data regarding the PMI Mortgage Loans furnished to the PMI Insurer by the originator. The PMI Policy will not insure against a loss sustained by reason of a default arising from or involving certain matters, including (i) any loss arising in connection with the failure of the borrower to make any payment of principal and interest due under a loan which payment arises because the insured exercised its right to call or accelerate such loan or because the term of such loan is shorter than the amortization period, and which payment is for an amount more than twice the regular periodic payments of principal and interest, (ii) any loss from a loan where a delinquency exists at the effective date of the certificate of insurance, as defined in the PMI Insurer Policy, (iii) misrepresentation or fraud in obtaining such PMI Insurer Policy or negligence in origination or servicing of the PMI Mortgage Loans, including, but not limited to, misrepresentation by the lender or certain other persons involved in the origination of the PMI Mortgage Loan or the application for insurance, or (iv) failure to construct a property securing a PMI Mortgage Loan in accordance with specified plans. In addition, the PMI Insurer Policy will not cover the costs or expenses related to the repair of physical damage to a property securing a PMI Mortgage Loan.

The preceding description of the PMI Policy is only a brief outline and does not purport to summarize or describe all of the provisions, terms and conditions of the PMI Insurer Policy. For a more complete description of these provisions, terms and conditions, reference is made to the PMI Insurer Policy, copies of which are available upon request from the Trustee.

Mortgage Loan Characteristics

The mortgage pool is composed of 2,884 mortgage loans, 2,609 of which are in Loan Group 1, of which 529 are in Loan Group 1-A-1 and 2,080 are in Loan Group 1-A-2, and 275 of which are in Loan Group 2. References to percentages of the mortgage loans unless otherwise noted are calculated based on the aggregate principal balance of the mortgage loans as of the Cut-off Date.

The original mortgages for some of the mortgage loans have been, or in the future may be, at the sole discretion of the Master Servicer, recorded in the name of Mortgage Electronic Registration Systems, Inc., or MERS, solely as nominee for the Sponsor and its successors and assigns, and subsequent assignments of those mortgages have been, or in the future may be, at the sole discretion of the Master Servicer, registered electronically through the MERS® System. In some other cases, the original mortgage was recorded in the name of the originator of the mortgage loan, record ownership was later assigned to MERS, solely as nominee for the owner of the mortgage loan, and subsequent assignments of the mortgage were, or in the future may be, at the sole discretion of the Master Servicer, registered electronically through the MERS® System. For each of these mortgage loans, MERS serves as mortgagee of record on the mortgage solely as a nominee in an administrative capacity on behalf of the trustee, and does not have any interest in the mortgage loan. Some of the Group 1 Loans and Group 2 Loans were recorded in the name of MERS. For additional information regarding the recording of mortgages in the name of MERS see “Yield on the Certificates—Yield Sensitivity of the Offered Certificates” in this prospectus supplement.

Loan Group 1

The Group 1 Loans had an aggregate principal balance as of the Cut-off Date of approximately $659,753,796, after application of scheduled payments due on or before the Cut-off Date, whether or not received. Approximately 46.31% of the Group 1 Loans have fixed rates and are secured by first liens on the related mortgaged property. Approximately 51.21% of the Group 1 Loans have adjustable rates and are secured by first liens on the related mortgaged property. Approximately 2.48% of the Group 1 Loans have fixed rates and are secured by second liens on the related mortgaged property.

The average principal balance of the Group 1 Loans at origination was approximately $254,477. No Group 1 Loan had a principal balance at origination of greater than approximately $1,999,950 or less than approximately $16,350. The average principal balance of the Group 1 Loans as of the Cut-off Date was approximately $252,876. No Group 1 Loan had a principal balance as of the Cut-off Date of greater than approximately $1,999,950 or less than approximately $1,770.

As of the Cut-off Date, the Group 1 Loans had mortgage rates ranging from approximately 4.875% per annum to approximately 14.875% per annum and the weighted average mortgage rate was approximately 7.458% per annum. The weighted average remaining term to stated maturity of the Group 1 Loans was approximately 348 months as of the Cut-off Date. None of the Group 1 Loans will have a first Due Date prior to February 1, 2002, or after May 1, 2006, or will have a remaining term to maturity of less than 135 months or greater than 360 months as of the Cut-off Date. The latest maturity date of any Group 1 Loan is April 1, 2036.

Approximately 48.59% and 19.62% of the Group 1 Loans have initial interest only periods of five and ten years, respectively.

The loan-to-value ratio of a mortgage loan secured by a first lien is equal to the ratio, expressed as a percentage, of the principal amount of the loan at origination, to the lesser of the appraised value of the related mortgaged property at the time of origination and the sales price. The combined loan-to-value ratio of a mortgage loan secured by a second lien is equal to the ratio, expressed as a percentage, of the principal amount of the loan at origination, plus the outstanding principal balance of the related senior lien, to the appraised value of the related mortgaged property at the time of origination. At origination, the weighted average of the loan-to-value ratios and combined loan-to-value ratios, as applicable, of the Group 1 Loans was approximately 76.07%. At origination, no loan-to-value ratio or combined loan-to-value ratio, as applicable, of any Group 1 Loan was greater than approximately 100.00% or less than approximately 8.45%.

Approximately 220 of the Group 1 Loans, in the aggregate, representing approximately 3.63% of the mortgage pool (by aggregate outstanding principal balance as of the Cut-off Date) are balloon loans. The amount of the balloon payment on each of these mortgage loans is substantially in excess of the amount of the scheduled monthly payment on such mortgage loan for the period prior to the Due Date of the balloon payment.

None of the Group 1 Loans are buydown mortgage loans.

None of the Group 1 Loans will be subject to the Home Ownership and Equity Protection Act of 1994 or any comparable state law.

Approximately 79.94% of the Group 1 Loans provide for prepayment charges.

As of the Closing Date, no loan-to-value ratio or combined loan-to-value ratio, as applicable, of any Group 1 Loan will be greater than 100.00%.

Set forth below is a description of certain additional characteristics of the Group 1 Loans as of the Cut-off Date, except as otherwise indicated. All percentages of the Group 1 Loans are approximate percentages by aggregate principal balance as of the Cut-off Date, except as otherwise indicated. Dollar amounts and percentages may not add up to totals due to rounding.

Mortgage Loan Programs(1)

Loan Programs	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
15Y Fixed Balloon		9,449,086.10		131		1.43		72,130.43		10.550		174		687		94.29
20Y Fixed Balloon		67,906.09		1		0.01		67,906.09		12.250		235		664		100.00
30Y Fixed Balloon		4,319,877.98		17		0.65		254,110.47		7.655		360		676		74.50
15Y Fixed Balloon - IO		5,802,495.31		59		0.88		98,347.38		11.177		176		692		95.48
30Y Fixed		126,451,603.22		627		19.17		201,677.20		7.500		341		688		73.02
30Y Fixed - IO		175,805,530.69		556		26.65		316,197.00		7.529		358		692		74.58
30Y LIB12M		692,170.33		4		0.10		173,042.58		7.721		359		666		75.41
30Y LIB12M - IO		19,865,570.75		54		3.01		367,880.94		6.964		359		696		75.02
2/28 LIB6M		18,778,166.51		112		2.85		167,662.20		7.643		349		670		79.47
2/28 LIB6M - Balloon.		1,001,600.00		3		0.15		333,866.67		7.991		360		670		80.00
2/28 LIB6M - IO		54,558,527.76		199		8.27		274,163.46		7.429		357		677		78.42
3/27 LIB6M		4,525,355.75		19		0.69		238,176.62		7.560		355		698		77.62
3/27 LIB6M - Balloon		1,530,745.06		3		0.23		510,248.35		7.699		360		684		73.47
3/27 LIB6M - IO		24,541,476.70		77		3.72		318,720.48		7.265		358		692		78.66
5/25 LIB12M		155,268.65		1		0.02		155,268.65		5.875		319		765		95.00
5/25 LIB12M - IO		360,000.00		2		0.05		180,000.00		6.092		357		726		80.00
5/25 LIB6M		17,488,669.76		73		2.65		239,570.82		7.715		359		671		75.33
5/25 LIB6M - Balloon		1,779,399.81		6		0.27		296,566.64		7.414		360		706		78.88
5/25 LIB6M - IO		122,632,103.39		398		18.59		308,120.86		7.227		359		699		76.68
30Y LIB6M		20,493,737.16		86		3.11		238,299.27		6.962		323		690		76.29
30Y LIB6M - IO		33,589,147.97		133		5.09		252,549.98		7.039		332		711		78.23
7/23 LIB12M		78,295.71		1		0.01		78,295.71		6.000		319		706		80.00
7/23 LIB6M		1,372,240.75		5		0.21		274,448.15		7.071		356		717		75.94
7/23 LIB6M - IO		12,900,575.00		33		1.96		390,926.52		6.915		360		700		74.15
5/25 CMT1Y		917,679.53		7		0.14		131,097.08		6.097		319		733		83.13
7/23 CMT1Y		596,566.18		2		0.09		298,283.09		6.404		319		715		75.54
Total		659,753,796.16		2,609		100.00		252,876.12		7.458		348		691		76.07

____________

(1) A mortgage loan with a loan program of “15Y Fixed Balloon”, “20Y Fixed Balloon” or “30Y Fixed Balloon” has an amortization term of 30, 30 or 40 years, respectively, has a mortgage rate that is fixed for the entire term and requires a balloon payment in year 15, 20 or 30, respectively. A mortgage loan with a loan program including the term “30Y LIB 12M” has a term of 30 years and a mortgage rate that adjusts annually based on the value of One-Year LIBOR. A mortgage loan with a loan program including the term “2/28 LIB 6M” has a term of 30 years, the first two of which consist of a fixed rate period, and thereafter the mortgage rate adjusts semi-annually based on the value of Six-Month LIBOR. A mortgage loan with a loan program of “2/28 LIB 6M - Balloon” amortizes over a 40 year term and has a term of 30 years, the first two of which consist of a fixed rate period, and thereafter the mortgage rate adjusts semi-annually based on the value of Six-Month LIBOR. A mortgage loan with a loan program including the term “3/27 LIB 6M” has a term of 30 years, the first three of which consist of a fixed rate period, and thereafter the mortgage rate adjusts semi-annually based on the value of Six-Month LIBOR. A mortgage loan with a loan program of “3/27 LIB 6M - Balloon” amortizes over a 40 year term and has a term of 30 years, the first three of which consist of a fixed rate period, and thereafter the mortgage rate adjusts semi-annually based on the value of Six-Month LIBOR. A mortgage loan with a loan program including the term “5/25 LIB 12M” has a term of 30 years, the first five of which consist of a fixed rate period, and thereafter the mortgage rate adjusts annually based on the value of One-Year LIBOR. A mortgage loan with a loan program including the term “5/25 LIB 6M” has a term of 30 years, the first five of which consist of a fixed rate period, and thereafter the mortgage rate adjusts semi-annually based on the value of Six-Month LIBOR. A mortgage loan with a loan program of “5/25 LIB 6M — Balloon” amortizes over a 40 year term and has a term of 30 years, the first five of which consist of a fixed rate period, and thereafter adjusts semi-annually based on the value of Six-Month LIBOR. A mortgage loan with a loan program including the term “30Y LIB 6M” has a term of 30 years, and the mortgage rate adjusts semi-annually based on the value of Six-Month LIBOR. A mortgage loan with a loan program of “7/23 LIB 12M” has a term of 30 years, the first seven of which consist of a fixed rate period, and thereafter the mortgage rate adjusts annually based on the value of One-Year LIBOR. A mortgage loan with a loan program including the term “7/23 LIB 6M” has a term of 30 years, the first seven of which consist of a fixed rate period, and thereafter the mortgage rate adjusts semi-annually based on the value of Six-Month LIBOR. A mortgage loan with a loan program of “5/25 CMT1Y” has a term of 30 years, the first five of which consist of a fixed rate period, and thereafter the mortgage rate adjusts annually based on the value of One-Year CMT. A mortgage loan with a loan program of “7/23 CMT1Y” has a term of 30 years, the first seven of which consist of a fixed rate period, and thereafter the mortgage rate adjusts annually based on the value of One-Year CMT. Any mortgage loan with a loan program including the term “IO” has an interest only period. A mortgage loan with a loan program of “15Y Fixed”, “20Y Fixed” or “30Y Fixed” is a fixed-rate loan with a term of 15, 20 or 30 years, respectively.

Principal Balances as of Origination

Range of Mortgage Loan Principal Balances	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
0.00 - 250,000.00		229,396,933.50		1,598		34.77		143,552.52		7.728		336		689		77.29
250,000.01 - 300,000.00		69,038,266.68		251		10.46		275,052.86		7.448		353		686		76.59
300,000.01 - 350,000.00		61,345,816.37		190		9.30		322,872.72		7.333		354		695		76.88
350,000.01 - 400,000.00		57,095,971.82		154		8.65		370,753.06		7.346		348		693		76.44
400,000.01 - 450,000.00		42,320,751.64		100		6.41		423,207.52		7.209		356		695		76.96
450,000.01 - 500,000.00		34,942,006.57		75		5.30		465,893.42		7.235		350		699		75.46
500,000.01 - 550,000.00		29,728,331.46		57		4.51		521,549.67		7.351		356		689		77.15
550,000.01 - 600,000.00		33,231,537.03		58		5.04		572,957.54		7.342		358		691		77.83
600,000.01 - 650,000.00		22,707,246.02		36		3.44		630,756.83		7.345		356		706		75.43
650,000.01 - 700,000.00		5,382,640.62		8		0.82		672,830.08		7.329		359		704		75.41
700,000.01 - 750,000.00		27,117,028.97		37		4.11		732,892.67		7.538		360		685		74.21
750,000.01 - 800,000.00		5,378,393.08		7		0.82		768,341.87		6.721		348		691		67.42
800,000.01 - 850,000.00		4,169,999.95		5		0.63		833,999.99		7.149		358		701		74.02
850,000.01 - 900,000.00		851,900.00		1		0.13		851,900.00		7.500		355		686		70.00
900,000.01 - 950,000.00		3,736,250.00		4		0.57		934,062.50		6.942		360		727		70.22
950,000.01 - 1,000,000.00		11,879,120.91		12		1.80		989,926.74		7.136		356		701		65.71
1,000,000.01 - 1,050,000.00		1,032,500.00		1		0.16		1,032,500.00		6.500		356		669		70.00
1,050,000.01 - 1,150,000.00		3,289,250.00		3		0.50		1,096,416.67		7.586		360		666		55.29
1,150,000.01 - 1,200,000.00		3,546,500.00		3		0.54		1,182,166.67		7.187		359		635		72.51
1,200,000.01 - 1,300,000.00		1,272,851.54		1		0.19		1,272,851.54		6.875		359		734		67.11
1,300,000.01 - 1,400,000.00		5,430,550.00		4		0.82		1,357,637.50		7.084		360		684		66.28
1,450,000.01 - 1,750,000.00		3,040,000.00		2		0.46		1,520,000.00		7.058		360		693		67.63
1,800,000.01 or greater		3,819,950.00		2		0.58		1,909,975.00		6.417		359		736		65.90
Total		659,753,796.16		2,609		100.00		252,876.12		7.458		348		691		76.07

As of origination, the average principal balance of the Group 1 Loans was approximately $254,477.

Principal Balances as of the Cut-off Date

Range of Mortgage Loan Principal Balances	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
0.01 - 250,000.00		231,106,651.09		1,606		35.03		143,902.02		7.723		336		689		77.31
250,000.01 - 300,000.00		69,945,957.23		253		10.60		276,466.23		7.437		352		686		76.50
300,000.01 - 350,000.00		61,034,584.77		188		9.25		324,652.05		7.325		353		696		76.90
350,000.01 - 400,000.00		55,929,009.66		150		8.48		372,860.06		7.371		350		692		76.41
400,000.01 - 450,000.00		42,485,479.43		100		6.44		424,854.79		7.196		356		697		76.62
450,000.01 - 500,000.00		34,128,413.67		72		5.17		474,005.75		7.242		351		698		75.78
500,000.01 - 550,000.00		30,322,494.95		58		4.60		522,801.64		7.323		356		690		77.19
550,000.01 - 600,000.00		32,147,024.27		56		4.87		574,054.00		7.385		359		689		77.93
600,000.01 - 650,000.00		22,707,246.02		36		3.44		630,756.83		7.345		356		706		75.43
650,000.01 - 700,000.00		5,382,640.62		8		0.82		672,830.08		7.329		359		704		75.41
700,000.01 - 750,000.00		27,828,874.10		38		4.22		732,338.79		7.531		359		684		74.07
750,000.01 - 800,000.00		4,666,547.95		6		0.71		777,757.99		6.640		352		700		67.23
800,000.01 - 850,000.00		4,169,999.95		5		0.63		833,999.99		7.149		358		701		74.02
850,000.01 - 900,000.00		851,900.00		1		0.13		851,900.00		7.500		355		686		70.00
900,000.01 - 950,000.00		4,685,870.91		5		0.71		937,174.18		6.929		351		712		71.58
950,000.01 - 1,000,000.00		10,929,500.00		11		1.66		993,590.91		7.159		359		706		64.73
1,000,000.01 - 1,050,000.00		1,032,500.00		1		0.16		1,032,500.00		6.500		356		669		70.00
1,050,000.01 - 1,150,000.00		3,289,250.00		3		0.50		1,096,416.67		7.586		360		666		55.29
1,150,000.01 - 1,200,000.00		3,546,500.00		3		0.54		1,182,166.67		7.187		359		635		72.51
1,200,000.01 - 1,300,000.00		1,272,851.54		1		0.19		1,272,851.54		6.875		359		734		67.11
1,300,000.01 - 1,400,000.00		5,430,550.00		4		0.82		1,357,637.50		7.084		360		684		66.28
1,450,000.01 - 1,750,000.00		3,040,000.00		2		0.46		1,520,000.00		7.058		360		693		67.63
1,800,000.01 or greater		3,819,950.00		2		0.58		1,909,975.00		6.417		359		736		65.90
Total		659,753,796.16		2,609		100.00		252,876.12		7.458		348		691		76.07

As of the Cut-off Date, the average current principal balance of the Group 1 Loans was approximately $252,876.

Mortgage Rates

Range of Mortgage Rates (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
4.500 - 4.999		999,264.90		3		0.15		333,088.30		4.875		320		765		63.80
5.000 - 5.499		2,704,011.87		8		0.41		338,001.48		5.297		333		736		73.94
5.500 - 5.999		8,712,500.26		34		1.32		256,250.01		5.770		348		718		71.45
6.000 - 6.499		44,377,414.06		148		6.73		299,847.39		6.249		347		714		71.01
6.500 - 6.999		154,093,798.73		503		23.36		306,349.50		6.749		349		703		72.65
7.000 - 7.499		145,444,105.75		538		22.05		270,342.20		7.193		352		696		75.77
7.500 - 7.999		165,235,207.19		648		25.04		254,992.60		7.682		356		684		76.84
8.000 - 8.499		72,174,175.92		285		10.94		253,242.72		8.174		354		677		78.39
8.500 - 8.999		33,449,532.72		150		5.07		222,996.88		8.677		347		665		80.13
9.000 - 9.499		9,554,335.53		62		1.45		154,102.19		9.152		318		668		84.91
9.500 - 9.999		7,678,812.84		51		1.16		150,564.96		9.695		305		656		84.30
10.000 - 10.499		1,930,681.24		26		0.29		74,256.97		10.164		261		672		88.79
10.500 - 10.999		3,788,123.59		45		0.57		84,180.52		10.661		252		686		92.74
11.000 - 11.499		1,887,002.18		16		0.29		117,937.64		11.248		209		684		96.91
11.500 - 11.999		2,663,925.09		23		0.40		115,822.83		11.701		244		648		93.61
12.000 - 12.499		2,585,217.56		29		0.39		89,145.43		12.171		190		692		97.38
12.500 - 12.999		1,228,201.86		17		0.19		72,247.17		12.658		200		683		96.26
13.000 - 13.499		674,932.61		11		0.10		61,357.51		13.250		204		665		96.38
13.500 - 13.999		480,006.16		10		0.07		48,000.62		13.718		175		642		97.26
14.000 - 14.499		26,575.91		1		0.00		26,575.91		14.125		175		650		95.00
14.500 - 14.999		65,970.19		1		0.01		65,970.19		14.875		177		655		95.00
Total		659,753,796.16		2,609		100.00		252,876.12		7.458		348		691		76.07

As of the Cut-off Date, the weighted average mortgage rate of the Group 1 Loans was approximately 7.458% per annum.

Next Adjustment Date

Next Adjustment Date	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
N/A (Fixed Rate Loans)		321,896,499.39		1,391		48.79		231,413.73		7.675		342		690		74.93
April 2006		11,597,295.50		51		1.76		227,397.95		6.559		320		703		73.65
May 2006		18,077,293.33		82		2.74		220,454.80		6.915		321		698		78.30
June 2006		11,417,538.18		52		1.73		219,568.04		7.046		320		700		79.98
July 2006		2,665,354.85		12		0.40		222,112.90		7.842		333		709		83.44
August 2006		4,987,758.20		19		0.76		262,513.59		7.639		343		704		79.36
September 2006		9,958,609.04		36		1.51		276,628.03		7.651		344		696		78.28
October 2006		1,741,443.00		6		0.26		290,240.50		6.295		358		736		78.09
December 2006		768,950.00		3		0.12		256,316.67		7.001		357		683		74.87
January 2007		3,583,689.83		7		0.54		511,955.69		6.448		358		725		69.90
February 2007		8,895,663.50		23		1.35		386,767.98		7.042		359		688		76.44
March 2007		4,937,137.00		17		0.75		290,419.82		7.509		360		688		75.38
April 2007		1,484,641.00		5		0.23		296,928.20		7.176		360		665		76.87
August 2007		1,010,816.75		5		0.15		202,163.35		6.085		353		684		71.03
September 2007		8,980,372.53		43		1.36		208,845.87		6.950		353		615		82.77
October 2007		10,492,635.06		52		1.59		201,781.44		6.701		352		687		78.65
November 2007		4,895,011.15		19		0.74		257,632.17		6.029		339		729		73.01
December 2007		5,124,779.26		21		0.78		244,037.11		7.491		357		657		77.09
January 2008		8,372,483.43		32		1.27		261,640.11		7.705		358		674		78.41
February 2008		14,658,348.50		59		2.22		248,446.58		7.701		359		689		77.96
March 2008		14,538,546.89		53		2.20		274,312.21		7.908		360		687		76.72
April 2008		5,155,841.00		17		0.78		303,284.76		7.818		360		699		78.86
May 2008		125,915.66		1		0.02		125,915.66		6.250		350		715		66.67
August 2008		332,800.00		1		0.05		332,800.00		6.290		353		701		80.00
September 2008		736,607.76		4		0.11		184,151.94		7.706		354		697		82.22
October 2008		284,000.00		1		0.04		284,000.00		6.750		355		652		80.00
November 2008		74,050.00		1		0.01		74,050.00		7.250		356		748		74.80
December 2008		1,552,000.00		3		0.24		517,333.33		6.974		357		642		75.20
January 2009		2,999,201.30		10		0.45		299,920.13		7.122		358		689		79.29
February 2009		11,922,823.78		34		1.81		350,671.29		7.383		359		704		79.38
March 2009		9,667,139.97		29		1.47		333,349.65		7.360		360		691		77.17
April 2009		2,122,400.00		9		0.32		235,822.22		7.352		360		682		77.00
October 2009		801,721.38		4		0.12		200,430.35		6.281		319		717		79.06
May 2010		214,290.36		1		0.03		214,290.36		6.375		350		764		80.00
June 2010		396,500.00		1		0.06		396,500.00		6.250		351		761		65.00
August 2010		333,764.25		2		0.05		166,882.13		6.373		353		732		80.00
September 2010		179,000.00		1		0.03		179,000.00		7.500		354		661		76.18
October 2010		340,000.00		1		0.05		340,000.00		7.750		355		663		80.00
November 2010		375,990.00		1		0.06		375,990.00		6.375		356		702		80.00
December 2010		264,000.00		1		0.04		264,000.00		8.000		357		624		77.20
January 2011		3,129,039.91		12		0.47		260,753.33		7.195		358		689		78.88
February 2011		36,593,871.27		118		5.55		310,117.55		7.104		359		697		76.82
March 2011		59,412,483.87		196		9.01		303,124.92		7.422		360		692		76.36
April 2011		38,509,533.00		136		5.84		283,158.33		7.404		360		696		77.00
January 2013		284,800.00		1		0.04		284,800.00		8.000		358		776		80.00
February 2013		4,212,600.00		14		0.64		300,900.00		7.141		359		699		80.29
March 2013		6,596,906.26		15		1.00		439,793.75		6.920		360		699		70.89
April 2013		3,051,650.00		7		0.46		435,950.00		6.603		360		704		72.10
Total		659,753,796.16		2,609		100.00		252,876.12		7.458		348		691		76.07

As of the Cut-off Date, the weighted average remaining months to the next adjustment date of the Group 1 Loans was approximately 37 months.

Gross Margin

Range of Gross Margins (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
N/A (Fixed Rate Loans)		321,896,499.39		1,391		48.79		231,413.73		7.675		342		690		74.93
1.250-1.499		921,797.24		2		0.14		460,898.62		5.375		319		750		70.00
1.750-1.999		896,496.97		4		0.14		224,124.24		5.977		320		717		59.20
2.000-2.249		1,583,396.22		6		0.24		263,899.37		6.996		333		699		73.75
2.250-2.499		12,995,051.55		54		1.97		240,649.10		6.466		327		733		71.40
2.500-2.749		13,849,424.07		61		2.10		227,039.74		6.814		321		708		77.71
2.750-2.999		17,888,255.08		74		2.71		241,733.18		7.070		329		686		80.09
3.000-3.249		20,427,327.40		76		3.10		268,780.62		7.170		348		704		75.01
3.250-3.499		70,246,596.60		239		10.65		293,918.81		7.419		358		691		77.54
3.500-3.749		110,353,908.86		370		16.73		298,253.81		7.300		359		696		76.44
3.750-3.999		33,721,376.14		106		5.11		318,126.19		7.309		358		694		77.18
4.000-4.249		18,540,836.42		51		2.81		363,545.81		7.013		358		696		76.48
4.250-4.499		1,416,521.70		10		0.21		141,652.17		8.379		347		663		84.29
4.500-4.749		3,148,104.41		13		0.48		242,161.88		7.664		357		692		82.40
4.750-4.999		3,336,486.17		15		0.51		222,432.41		6.984		355		685		78.60
5.000-5.249		3,856,371.18		17		0.58		226,845.36		7.393		349		657		78.10
5.250-5.499		3,540,223.84		19		0.54		186,327.57		6.950		355		653		81.54
.500-5.749		3,136,188.17		18		0.48		174,232.68		7.622		355		680		81.33
5.750-5.999		8,307,461.72		36		1.26		230,762.83		6.869		355		628		80.98
6.000-6.249		2,002,922.15		14		0.30		143,065.87		7.150		353		639		82.45
6.250-6.499		1,422,045.89		9		0.22		158,005.10		7.528		357		637		79.66
6.500-6.749		1,967,619.40		7		0.30		281,088.49		8.053		355		626		87.35
6.750-6.999		1,295,453.78		7		0.20		185,064.83		7.880		357		680		80.47
7.250-7.499		782,365.63		3		0.12		260,788.54		8.358		359		674		78.41
7.500-7.749		192,000.00		1		0.03		192,000.00		7.590		355		658		80.00
7.750-7.999		400,000.00		1		0.06		400,000.00		11.500		360		546		74.49
8.750-8.999		940,190.00		2		0.14		470,095.00		9.800		359		660		86.00
10.250-10.499		184,848.88		1		0.03		184,848.88		11.375		358		625		95.00
10.500-10.749		346,527.30		1		0.05		346,527.30		11.500		358		662		95.00
10.750-10.999		157,500.00		1		0.02		157,500.00		11.750		359		649		90.00
Total		659,753,796.16		2,609		100.00		252,876.12		7.458		348		691		76.07

As of the Cut-off Date, the weighted average Gross Margin of the Group 1 Loans was approximately 3.591% per annum.

Maximum Mortgage Rate

Range of Maximum Mortgage Rates (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
N/A (Fixed Rate Loans)		321,896,499.39		1,391		48.79		231,413.73		7.675		342		690		74.93
8.500 - 8.999		1,337,402.60		5		0.20		267,480.52		6.330		319		739		54.98
9.000 - 9.499		2,188,467.31		6		0.33		364,744.55		5.970		319		756		65.35
9.500 - 9.999		1,810,364.56		8		0.27		226,295.57		6.419		319		735		64.69
10.000 - 10.499		3,880,623.97		20		0.59		194,031.20		6.419		320		730		69.21
10.500 - 10.999		5,595,343.86		23		0.85		243,275.82		6.452		321		726		73.92
11.000 - 11.499		7,592,231.70		30		1.15		253,074.39		6.482		326		719		76.93
11.500 - 11.999		16,816,223.25		59		2.55		285,020.73		6.432		342		703		76.78
12.000 - 12.499		33,006,472.01		112		5.00		294,700.64		6.461		352		703		75.10
12.500 - 12.999		76,593,006.62		264		11.61		290,125.03		6.799		354		693		76.70
13.000 - 13.499		60,599,864.34		216		9.19		280,554.93		7.204		357		697		77.54
13.500 - 13.999		78,481,770.05		286		11.90		274,411.78		7.685		358		685		78.27
14.000 - 14.499		29,405,367.72		102		4.46		288,287.92		8.115		357		674		78.71
14.500 - 14.999		13,378,518.65		49		2.03		273,030.99		8.637		358		662		78.66
15.000 - 15.499		2,523,757.11		14		0.38		180,268.37		9.048		357		667		83.64
15.500 - 15.999		2,292,416.86		11		0.35		208,401.53		9.514		344		673		86.73
16.500 - 16.999		139,500.00		1		0.02		139,500.00		10.250		360		762		90.00
17.000 - 17.499		691,610.97		4		0.10		172,902.74		10.480		354		675		87.39
17.500 - 17.999		386,576.75		3		0.06		128,858.92		10.812		336		649		94.33
18.000 - 18.499		583,023.44		3		0.09		194,341.15		11.629		353		656		93.65
19.000 - 19.499		554,755.00		2		0.08		277,377.50		11.639		359		574		80.21
Total		659,753,796.16		2,609		100.00		252,876.12		7.458		348		691		76.07

As of the Cut-off Date, the weighted average Maximum Mortgage Rate of the Group 1 Loans was approximately 13.067% per annum.

Initial Fixed-Rate Period

Initial Fixed Period	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
N/A (Fixed Rate Loans)		321,896,499.39		1,391		48.79		231,413.73		7.675		342		690		74.93
6		54,082,885.13		219		8.20		246,953.81		7.010		328		703		77.50
12		20,557,741.08		58		3.12		354,443.81		6.989		359		695		75.03
24		74,338,294.27		314		11.27		236,746.16		7.490		355		675		78.71
36		30,597,577.51		99		4.64		309,066.44		7.330		358		692		78.25
60		143,333,121.14		487		21.73		294,318.52		7.277		359		696		76.61
84		14,947,677.64		41		2.27		364,577.50		6.904		357		702		74.40
Total		659,753,796.16		2,609		100.00		252,876.12		7.458		348		691		76.07

Initial Rate Cap

Initial Cap (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
N/A (Fixed Rate Loans)		321,896,499.39		1,391		48.79		231,413.73		7.675		342		690		74.93
1.000		53,640,965.90		217		8.13		247,193.39		7.009		328		704		77.48
1.500		104,761.40		1		0.02		104,761.40		9.875		320		618		80.00
2.000		25,614,486.09		71		3.88		360,767.41		7.026		359		695		76.06
3.000		246,203,744.64		884		37.32		278,511.02		7.342		358		689		77.25
5.000		9,544,230.47		34		1.45		280,712.66		6.838		352		702		77.02
6.000		2,749,108.27		11		0.42		249,918.93		7.379		357		681		74.48
Total		659,753,796.16		2,609		100.00		252,876.12		7.458		348		691		76.07

Subsequent Rate Cap

Subsequent Cap (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
N/A (Fixed Rate Loans)		321,896,499.39		1,391		48.79		231,413.73		7.675		342		690		74.93
1.000		307,701,358.94		1,120		46.64		274,733.36		7.269		353		692		77.29
1.500		1,202,904.85		6		0.18		200,484.14		8.925		349		602		76.65
2.000		28,953,032.98		92		4.39		314,706.88		7.009		356		695		75.91
Total		659,753,796.16		2,609		100.00		252,876.12		7.458		348		691		76.07

Original Loan-to-Value Ratios*

Range of Loan-to-Value Ratios (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
0.01 - 10.00		80,141.94		1		0.01		80,141.94		8.000		358		633		8.45
10.01 - 15.00		108,000.00		1		0.02		108,000.00		6.625		180		683		13.76
15.01 - 20.00		111,000.00		1		0.02		111,000.00		7.000		360		643		19.31
20.01 - 25.00		475,420.11		4		0.07		118,855.03		7.183		292		722		22.90
25.01 - 30.00		1,210,988.43		10		0.18		121,098.84		7.239		346		674		28.05
30.01 - 35.00		2,829,832.45		16		0.43		176,864.53		6.848		341		683		32.73
35.01 - 40.00		6,517,632.12		22		0.99		296,256.01		6.995		346		707		37.57
40.01 - 45.00		2,792,120.97		17		0.42		164,242.41		6.659		348		717		42.60
45.01 - 50.00		9,544,411.51		32		1.45		298,262.86		7.094		348		683		48.29
50.01 - 55.00		10,487,746.14		40		1.59		262,193.65		6.961		346		698		52.91
55.01 - 60.00		11,318,735.21		47		1.72		240,824.15		6.763		346		712		57.82
60.01 - 65.00		23,233,366.31		74		3.52		313,964.41		6.875		348		705		63.39
65.01 - 70.00		103,971,298.00		342		15.76		304,009.64		7.134		352		694		69.19
70.01 - 75.00		75,898,146.86		261		11.50		290,797.50		7.411		355		688		74.45
75.01 - 80.00		341,401,263.39		1,242		51.75		274,880.24		7.447		355		689		79.82
80.01 - 85.00		5,883,428.82		29		0.89		202,876.86		7.283		337		690		84.17
85.01 - 90.00		30,779,385.77		190		4.67		161,996.77		8.021		321		693		89.74
90.01 - 95.00		23,743,988.49		184		3.60		129,043.42		8.746		313		698		94.91
95.01 +		9,366,889.64		96		1.42		97,571.77		10.847		189		679		99.72
Total	$	659,753,796.16		2,609		100.00		252,876.12		7.458		348		691		76.07

The minimum and maximum loan-to-value ratios of the Group 1 Loans at origination were approximately 8.45% and 100.00%, respectively, and the weighted average of the loan-to-value ratios of the Group 1 Loans at origination was approximately 76.07%.

*Combined loan-to-value ratios with respect to the mortgage loans secured by second liens.

Occupancy Types

Occupancy	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
Investment		157,474,279.89		755		23.87		208,575.21		7.594		348		709		73.76
Owner Occupied		465,792,082.45		1,700		70.60		273,995.34		7.400		348		685		76.77
Second Home		36,487,433.82		154		5.53		236,931.39		7.614		350		692		77.19
Total		659,753,796.16		2,609		100.00		252,876.12		7.458		348		691		76.07

Occupancy type is based on the representation of the borrower at the time of origination.

Mortgage Loan Program and Documentation Type

Document Type	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
Progressive Series Program (Alternative Documentation)		263,699.58		4		0.04		65,924.90		8.173		261		633		87.65
Progressive Express Program (No Documentation Program)		27,355,571.62		142		4.15		192,644.87		8.074		343		698		78.27
Progressive Express Program (No Documentation Program (Verified Assets)		5,214,504.95		24		0.79		217,271.04		7.572		357		700		75.88
Progressive Express Program (Non-Verified Assets)		33,728,992.82		188		5.11		179,409.54		7.849		332		675		79.67
Progressive Express Program (Verified Assets)		57,081,822.77		227		8.65		251,461.77		7.397		340		697		78.86
Progressive Series Program (Full/Income Stated Assets)		896,776.80		6		0.14		149,462.80		7.561		358		729		65.50
Progressive Series Program (Full Documentation)		50,512,107.73		236		7.66		214,034.35		7.047		343		682		75.24
Progressive Series Program (No Income/No Assets)		6,294,820.60		40		0.95		157,370.51		6.629		345		699		77.19
Progressive Series Program (Stated Income/Stated Assets)		21,207,443.81		77		3.21		275,421.35		7.622		354		684		74.32
Progressive Series Program (Stated Documentation)		457,198,055.48		1,665		69.30		274,593.43		7.448		351		693		75.51
Total		659,753,796.16		2,609		100.00		252,876.12		7.458		348		691		76.07

See “—Underwriting Criteria” below for a detailed description of the Sponsor’s loan programs and documentation requirements.

Risk Categories

Credit Grade Category	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
ALT B/A1		199,612.90		1		0.03		199,612.90		11.750		177		649		100.00
A1		229,872,690.27		887		34.84		259,157.49		7.635		349		654		76.46
A+1		309,700,017.66		1,131		46.94		273,828.49		7.219		350		725		75.08
A-1		22,469,227.62		94		3.41		239,034.34		7.620		354		605		72.70
B 1		141,984.38		2		0.02		70,992.19		9.373		341		566		63.32
CX1		116,904.93		1		0.02		116,904.93		6.750		136		735		63.30
Progressive Express I 2		59,801,197.83		281		9.06		212,815.65		7.556		343		722		78.83
Progressive Express II 2		32,020,014.99		182		4.85		175,934.15		7.906		326		654		81.01
Progressive Express III2		2,996,280.36		17		0.45		176,251.79		8.471		342		617		68.14
Progressive Express IV 2		653,492.14		6		0.10		108,915.36		9.300		306		594		70.17
Progressive Express V 2		900,381.28		4		0.14		225,095.32		8.937		359		589		76.25
		881,991.80		3		0.13		293,997.27		10.755		359		550		73.38
Total		659,753,796.16		2,609		100.00		252,876.12		7,458		348		691		76.07

^{1 All of these Group 1 Loans were reviewed and placed into risk categories based on the credit standards of the Progressive Series Program. Credit grades of ALT B/A, A, A+, A-, B and CX correspond to Progressive Series I+, I and II, III and III+ and IV respectively.}

² These Group 1 Loans were originated under the Sponsor’s Progressive Express™ Program. The underwriting for these Group 1 Loans is generally based on the borrower’s “Credit Score” score and therefore these Group 1 Loans do not correspond to the alphabetical risk categories listed above. Each mortgage loan originated pursuant to the Express Priority Refi™ Program has been placed in either Progressive Express™ Program II or III.

See “—Underwriting Criteria” below for a description of the Sponsor’s risk categories.

Property Types

Property Type	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
2 Family		37,478,521.44		131		5.68		286,095.58		7.478		350		704		73.23
2-4 Family Unit		295,163.27		5		0.04		59,032.65		10.093		219		708		97.35
3 Family		14,212,785.39		44		2.15		323,017.85		7.835		343		709		74.31
4 Family		14,913,351.40		42		2.26		355,079.80		7.916		346		697		74.31
Condominium		65,190,838.80		316		9.88		206,300.12		7.488		349		700		77.14
Condominium Non-Warrantable		131,817.72		1		0.02		131,817.72		7.875		358		673		80.00
Condotel		4,642,353.41		16		0.70		290,147.09		7.164		338		700		75.19
Deminimis Planned Unit Development		104,127,381.00		342		15.78		304,466.03		7.336		352		696		77.81
Hi-Rise		17,760,921.83		57		2.69		311,595.12		7.725		349		698		76.28
Planned Unit Development		31,223,595.60		136		4.73		229,585.26		7.561		345		678		78.10
Single Family Residence		366,970,294.73		1,503		55.62		244,158.55		7.433		347		687		75.62
Townhouse		2,806,771.57		16		0.43		175,423.22		7.435		348		679		78.09
Total		659,753,796.16		2,609		100.00		252,876.12		7.458		348		691		76.07

Geographic Distribution of Mortgaged Properties

State	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
Alabama		980,000.00		1		0.15		980,000.00		7.125		359		729		70.00
Arizona		22,584,276.84		118		3.42		191,392.18		7.622		352		691		78.73
Arkansas		373,375.15		2		0.06		186,687.58		7.615		337		681		78.22
California		290,684,881.45		852		44.06		341,179.44		7.225		349		694		74.40
Colorado		8,993,118.70		51		1.36		176,335.66		7.478		334		699		81.32
Connecticut		3,273,856.07		21		0.50		155,897.91		8.125		350		698		74.62
Delaware		1,078,436.09		6		0.16		179,739.35		8.467		325		678		83.13
District of Columbia		1,175,399.74		6		0.18		195,899.96		8.200		323		664		84.13
Florida		132,119,915.79		646		20.03		204,519.99		7.672		348		691		77.07
Georgia		9,490,006.92		59		1.44		160,847.57		7.402		330		684		81.88
Hawaii		8,121,359.82		17		1.23		477,727.05		6.858		345		700		69.50
Idaho		277,776.58		2		0.04		138,888.29		7.258		343		725		86.36
Illinois		15,467,403.78		72		2.34		214,825.05		7.898		353		685		77.37
Indiana		2,096,696.61		21		0.32		99,842.70		7.827		345		677		82.13
Iowa		106,400.00		1		0.02		106,400.00		7.500		358		693		80.00
Kansas		264,771.85		3		0.04		88,257.28		7.102		321		679		84.61
Kentucky		97,500.00		1		0.01		97,500.00		7.730		354		587		79.60
Louisiana		427,504.00		3		0.06		142,501.33		7.816		357		685		84.90
Maryland		17,198,638.12		66		2.61		260,585.43		7.569		352		682		75.31
Massachusetts		4,694,956.02		24		0.71		195,623.17		7.674		337		695		77.74
Michigan		4,511,146.59		35		0.68		128,889.90		8.362		326		677		82.80
Minnesota		4,984,181.28		21		0.76		237,341.97		7.704		356		682		76.47
Mississippi		286,633.42		3		0.04		95,544.47		8.353		340		716		86.98
Missouri		1,340,026.92		9		0.20		148,891.88		7.399		344		670		84.39
Montana		100,325.49		1		0.02		100,325.49		7.500		359		759		80.00
Nebraska		164,303.95		1		0.02		164,303.95		6.810		319		690		90.00
Nevada		11,769,564.59		48		1.78		245,199.26		7.393		349		717		76.56
New Hampshire		147,403.24		1		0.02		147,403.24		6.720		355		701		80.00
New Jersey		9,848,864.22		44		1.49		223,837.82		7.930		336		674		74.65
New Mexico		699,298.20		4		0.11		174,824.55		7.846		359		662		77.21
New York		30,095,334.99		73		4.56		412,264.86		7.681		354		697		73.47
North Carolina		4,464,886.10		32		0.68		139,527.69		7.633		328		678		82.11
Ohio		3,274,827.60		30		0.50		109,160.92		7.357		316		672		81.48
Oklahoma		185,297.34		2		0.03		92,648.67		9.626		315		647		84.97
Oregon		3,132,766.01		18		0.47		174,042.56		7.522		349		687		74.76
Pennsylvania		4,715,030.39		25		0.71		188,601.22		7.913		341		673		80.27
Rhode Island		735,793.57		6		0.11		122,632.26		7.908		321		673		67.69
South Carolina		4,496,511.81		22		0.68		204,386.90		7.240		342		705		76.31
Tennessee		1,979,504.98		16		0.30		123,719.06		7.614		348		690		81.33
Texas		8,405,631.74		63		1.27		133,422.73		7.954		332		666		81.71
Utah		3,345,059.19		23		0.51		145,437.36		7.418		344		703		80.24
Virginia		31,418,375.55		110		4.76		285,621.60		7.566		351		687		78.84
Washington		8,682,062.62		43		1.32		201,908.43		7.512		349		687		79.04
West Virginia		75,995.48		1		0.01		75,995.48		9.750		317		637		95.00
Wisconsin		940,937.37		3		0.14		313,645.79		7.067		318		637		71.30
Wyoming		447,759.99		3		0.07		149,253.33		7.755		359		686		80.00
Total		659,753,796.16		2,609		100.00		252,876.12		7.458		348		691		76.07

No more than approximately 0.76% of the Group 1 Loans (by aggregate outstanding principal balance as of the Cut-off Date) are secured by mortgaged properties located in any one zip code.

Debt-to-Income Ratio

Range of Debt-to-Income Ratio (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
0.00 -5.00		126,514,432.60		571		19.18		221,566.43		7.595		340		695		77.73
5.01- 10.00		1,706,612.11		7		0.26		243,801.73		7.039		336		694		73.09
10.01-15.00		4,227,765.77		15		0.64		281,851.05		7.031		350		705		68.26
15.01- 20.00		7,022,979.47		37		1.06		189,810.26		7.236		340		714		64.50
20.01-25.00		15,611,388.66		72		2.37		216,824.84		7.261		347		706		72.82
25.01-30.00		39,897,723.76		156		6.05		255,754.64		7.353		352		694		72.47
30.01-35.00		90,543,319.77		328		13.72		276,046.71		7.267		352		697		73.35
35.01-40.00		101,721,581.27		400		15.42		254,303.95		7.385		349		693		75.86
40.01-45.00		130,308,049.56		483		19.75		269,788.92		7.456		351		685		76.59
45.01-50.00		135,047,429.07		510		20.47		264,798.88		7.598		349		685		78.41
50.01-55.00		5,419,214.24		23		0.82		235,618.01		7.599		343		692		73.93
55.01 or Greater		1,733,299.88		7		0.26		247,614.27		7.230		342		687		77.92
Total		659,753,796.16		2,609		100.00		252,876.12		7.458		348		691		76.07

As of the Cut-off Date, the non-zero weighted average debt-to-income ratio of the Group 1 Loans was approximately 39.24% per annum.

Prepayment Penalty

Prepayment Penalty Term	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
1 Year		213,087,446.56		724		32.30		294,319.68		7.299		352		696		75.64
2 Year		102,197,739.70		436		15.49		234,398.49		7.381		350		681		78.07
3 Year		138,141,801.25		511		20.94		270,336.21		7.351		352		689		74.62
5 Year		67,887,627.00		306		10.29		221,854.99		7.320		334		696		75.39
6 Months		6,123,009.31		21		0.93		291,571.87		7.651		338		692		74.20
No Prepay		132,316,172.34		611		20.06		216,556.75		7.949		342		693		77.20
Total		659,753,796.16		2,609		100.00		252,876.12		7.458		348		691		76.07

Months Remaining to Scheduled Maturity

Range of Months	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
121 - 180		22,698,068.48		246		3.44		92,268.57		9.728		171		693		87.36
181 - 240		521,441.19		4		0.08		130,360.30		7.945		238		670		76.30
241 - 360		636,534,286.49		2,359		96.48		269,832.25		7.377		354		691		75.67
Total		659,753,796.16		2,609		100.00		252,876.12		7.458		348		691		76.07

As of the Cut-off Date, the weighted average months remaining to scheduled maturity of the Group 1 Loans was approximately 348 months.

Credit Scores

Range of Credit Scores	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
N/A		610,651.03		10		0.09		61,065.10		9.409		223		0		92.38
541 - 560		881,991.80		3		0.13		293,997.27		10.755		359		550		73.38
561 - 580		933,817.32		6		0.14		155,636.22		8.707		356		574		71.69
581 - 600		8,993,882.02		42		1.36		214,140.05		7.348		352		590		74.25
601 - 620		18,195,236.41		76		2.76		239,411.01		7.973		351		613		71.75
621 - 640		69,018,730.88		280		10.46		246,495.47		7.803		348		631		76.06
641 - 660		98,899,966.17		394		14.99		251,015.14		7.684		347		650		76.29
661 - 680		97,634,015.51		402		14.80		242,870.69		7.693		347		671		77.92
681 - 700		97,719,900.61		384		14.81		254,478.91		7.375		349		690		77.57
701 - 720		76,558,444.35		304		11.60		251,836.99		7.265		351		710		75.96
721 - 740		71,573,685.47		263		10.85		272,143.29		7.204		348		730		75.37
741 - 760		53,971,022.51		203		8.18		265,867.11		7.127		349		750		75.77
761 - 780		41,730,851.54		147		6.33		283,883.34		7.138		344		770		74.05
781 - 800		18,115,618.61		72		2.75		251,605.81		6.998		343		788		72.61
801 or Greater		4,915,981.93		23		0.75		213,738.34		7.097		349		807		69.62
Total		659,753,796.16		2,609		100.00		252,876.12		7.458		348		691		76.07

As of the Cut-off Date, the non-zero weighted average credit score of the Group 1 Loans for which credit scores are available was approximately 691.

Range of Months to Roll

Number of Months	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
N/A		321,896,499.39		1,391		48.79		231,413.73		7.675		342		690		74.93
0 — 12		78,630,732.43		308		11.92		255,294.59		7.070		335		700		77.28
13 — 18		11,475,830.28		53		1.74		216,525.10		6.903		354		627		80.97
19 — 24		58,081,804.29		236		8.80		246,109.34		7.414		356		687		77.35
25 — 31		6,635,164.42		24		1.01		276,465.18		7.653		359		697		79.11
32 — 49		29,139,336.43		90		4.42		323,770.40		7.294		358		694		78.22
50 — 55		1,463,554.61		6		0.22		243,925.77		6.798		353		720		75.47
56 — 79		138,284,918.05		464		20.96		298,027.84		7.326		360		694		76.73
80 +		14,145,956.26		37		2.14		382,323.14		6.939		360		702		74.13
Total		659,753,796.16		2,609		100.00		252,876.12		7.458		348		691		76.07

As of the Cut-off Date, the weighted average months to roll of the Group 1 Loans was approximately 37 months.

Loan Purposes

Loan Purpose	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
Refinance Cash Out		206,850,778.85		756		31.35		273,612.14		7.372		349		680		70.73
Purchase		404,111,414.26		1,652		61.25		244,619.50		7.537		348		696		79.27
Refinance Rate Term		48,791,603.05		201		7.40		242,744.29		7.175		343		698		72.25
Total		659,753,796.16		2,609		100.00		252,876.12		7.458		348		691		76.07

In general, in the case of a mortgage loan made for “rate and term” refinance purposes, substantially all of the proceeds are used to pay in full the principal balance of a previous mortgage loan of the mortgagor with respect to a mortgaged property and to pay origination and closing costs associated with such refinancing. Mortgage loans made for “cash-out” refinance purposes may involve the use of the proceeds to pay in full the principal balance of a previous mortgage loan and related costs except that a portion of the proceeds are generally retained by the mortgagor for uses unrelated to the mortgaged property. The amount of these proceeds retained by the mortgagor may be substantial.

Loan Group 1-A-1

The Group 1-A-1 Loans had an aggregate principal balance as of the Cut-off Date of approximately $139,701,955, after application of scheduled payments due on or before the Cut-off Date, whether or not received. All of the Group 1-A-1 Loans have fixed rates and are secured by first liens on the related mortgaged property.

The average principal balance of the Group 1-A-1 Loans at origination was approximately $265,241. No Group 1-A-1 Loan had a principal balance at origination of greater than approximately $1,540,000 or less than approximately $41,250. The average principal balance of the Group 1-A-1 Loans as of the Cut-off Date was approximately $264,087. No Group 1-A-1 Loan had a principal balance as of the Cut-off Date of greater than approximately $1,540,000 or less than approximately $19,929.

As of the Cut-off Date, the Group 1-A-1 Loans had mortgage rates ranging from approximately 6.000% per annum to approximately 10.750% per annum and the weighted average mortgage rate was approximately 7.491% per annum. The weighted average remaining term to stated maturity of the Group 1-A-1 Loans was approximately 353 months as of the Cut-off Date. None of the Group 1-A-1 Loans will have a first Due Date prior to February 1, 2002, or after May 1, 2006, or will have a remaining term to maturity of less than 135 months or greater than 360 months as of the Cut-off Date. The latest maturity date of any Group 1-A-1 Loan is April 1, 2036.

Approximately 38.30% and 24.22% of the Group 1-A-1 Loans have initial interest only periods of five and ten years, respectively.

The loan-to-value ratio of a mortgage loan secured by a first lien is equal to the ratio, expressed as a percentage, of the principal amount of the loan at origination, to the lesser of the appraised value of the related mortgaged property at the time of origination and the sales price. At origination, the weighted average of the loan-to-value ratios of the Group 1-A-1 Loans was approximately 74.16%. At origination, no loan-to-value ratio of any Group 1-A-1 Loan was greater than approximately 100.00% or less than approximately 21.00%.

Approximately 9 of the Group 1-A-1 Loans, representing approximately 1.43% of the mortgage pool (by aggregate outstanding principal balance as of the Cut-off Date) are balloon loans. The amount of the balloon payment on each of these mortgage loans is substantially in excess of the amount of the scheduled monthly payment on such mortgage loan for the period prior to the Due Date of the balloon payment.

None of the Group 1-A-1 Loans are buydown mortgage loans.

None of the Group 1-A-1 Loans will be subject to the Home Ownership and Equity Protection Act of 1994 or any comparable state law.

Approximately 79.23% of the Group 1-A-1 Loans provide for prepayment charges.

As of the Closing Date, no loan-to-value ratio of any mortgage loan will be greater than 100.00%.

Set forth below is a description of certain additional characteristics of the Group 1-A-1 Loans as of the Cut-off Date, except as otherwise indicated. All percentages of the Group 1-A-1 Loans are approximate percentages by aggregate principal balance as of the Cut-off Date, except as otherwise indicated. Dollar amounts and percentages may not add up to totals due to rounding.

Mortgage Loan Programs(1)

Loan Programs	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
30/15 Fixed Balloon		458,379.00		2		0.33		229,189.50		8.391		167		672		74.24
30Y Fixed Balloon		1,538,263.72		7		1.10		219,751.96		8.063		360		672		77.80
30Y Fixed		50,356,883.97		240		36.05		209,820.35		7.419		343		695		73.12
30Y Fixed - IO		87,348,427.92		280		62.52		311,958.67		7.518		359		690		74.69
Total		139,701,954.61		529		100.00		264,086.87		7.491		353		692		74.16

____________

(1) A mortgage loan with a loan program of “30/15 Fixed Balloon” has an amortization term of 30 years, has a mortgage rate that is fixed for the entire term and requires a balloon payment in year 15. A mortgage loan with a loan program of “30Y Fixed Balloon” has an amortization term of 40 years, has a mortgage rate that is fixed for the entire term and requires a balloon payment in year 30. A mortgage loan with a loan program of “30Y Fixed” is a fixed-rate loan with a term of 30 years. Any mortgage loan with a loan program including the term “IO” has an interest only period.

Principal Balances as of Origination

Range of Mortgage Loan Principal Balances	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
0.01 - 250,000.00		48,191,432.49		319		34.50		151,070.32		7.615		348		694		74.55
250,000.01 - 300,000.00		16,255,444.17		59		11.64		275,516.00		7.569		357		683		75.76
300,000.01 - 350,000.00		12,369,584.66		39		8.85		317,168.84		7.418		350		702		72.89
350,000.01 - 400,000.00		10,367,495.28		28		7.42		370,267.69		7.293		346		678		76.24
400,000.01 - 450,000.00		8,090,967.36		19		5.79		425,840.39		7.296		359		708		75.12
450,000.01 - 500,000.00		5,146,855.98		11		3.68		467,896.00		7.495		343		702		77.89
500,000.01 - 550,000.00		6,271,052.29		12		4.49		522,587.69		7.669		359		699		76.98
550,000.01 - 600,000.00		5,301,219.41		9		3.79		589,024.38		7.699		359		672		76.57
600,000.01 - 650,000.00		4,990,578.02		8		3.57		623,822.25		7.325		359		722		74.06
650,000.01 - 700,000.00		700,000.00		1		0.50		700,000.00		7.5		360		738		77.01
700,000.01 - 750,000.00		7,318,027.00		10		5.24		731,802.70		7.473		359		683		75.99
750,000.01 - 800,000.00		763,797.95		1		0.55		763,797.95		6.875		317		730		47.06
800,000.01 - 850,000.00		2,505,000.00		3		1.79		835,000.00		7.537		359		682		75.00
900,000.01 - 950,000.00		1,848,750.00		2		1.32		924,375.00		6.748		359		720		62.77
950,000.01- 1,000,000.00		2,000,000.00		2		1.43		1,000,000.00		7.563		360		651		61.52
1,000,000.01- 1,050,000.00		1,032,500.00		1		0.74		1,032,500.00		6.5		356		669		70.00
1,050,000.01- 1,150,000.00		1,099,250.00		1		0.79		1,099,250.00		8.25		360		671		70.92
1,150,000.01- 1,200,000.00		1,160,000.00		1		0.83		1,160,000.00		7.75		360		635		74.84
1,300,000.01- 1,400,000.00		2,750,000.00		2		1.97		1,375,000.00		6.993		360		667		60.18
1,450,000.01- 1,750,000.00		1,540,000.00		1		1.10		1,540,000.00		6.75		360		704		65.54
Total		139,701,954.61		529		100.00		264,086.87		7.491		353		692		74.16

As of origination, the average principal balance of the Group 1-A-1 Loans was approximately $265,241.

Principal Balances as of the Cut-off Date

Range of Mortgage Loan Principal Balances	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
0.01 - 250,000.00		48,440,576.87		320		34.67		151,376.80		7.611		348		694		74.58
250,000.01 - 300,000.00		16,590,237.96		60		11.88		276,503.97		7.566		356		681		75.67
300,000.01 - 350,000.00		12,089,858.20		38		8.65		318,154.16		7.396		347		704		72.71
350,000.01 - 400,000.00		10,063,283.57		27		7.20		372,714.21		7.332		353		677		76.43
400,000.01 - 450,000.00		8,090,967.36		19		5.79		425,840.39		7.296		359		708		75.12
450,000.01 - 500,000.00		5,146,855.98		11		3.68		467,896.00		7.495		343		702		77.89
500,000.01 - 550,000.00		6,271,052.29		12		4.49		522,587.69		7.669		359		699		76.98
550,000.01 - 600,000.00		5,301,219.41		9		3.79		589,024.38		7.699		359		672		76.57
600,000.01 - 650,000.00		4,990,578.02		8		3.57		623,822.25		7.325		359		722		74.06
650,000.01 - 700,000.00		700,000.00		1		0.50		700,000.00		7.5		360		738		77.01
700,000.01 - 750,000.00		7,318,027.00		10		5.24		731,802.70		7.473		359		683		75.99
750,000.01 - 800,000.00		763,797.95		1		0.55		763,797.95		6.875		317		730		47.06
800,000.01 - 850,000.00		2,505,000.00		3		1.79		835,000.00		7.537		359		682		75.00
900,000.01 - 950,000.00		1,848,750.00		2		1.32		924,375.00		6.748		359		720		62.77
950,000.01 - 1,000,000.00		2,000,000.00		2		1.43		1,000,000.00		7.563		360		651		61.52
1,000,000.01 - 1,050,000.00		1,032,500.00		1		0.74		1,032,500.00		6.5		356		669		70.00
1,050,000.01 - 1,150,000.00		1,099,250.00		1		0.79		1,099,250.00		8.25		360		671		70.92
1,150,000.01 - 1,200,000.00		1,160,000.00		1		0.83		1,160,000.00		7.75		360		635		74.84
1,300,000.01 - 1,400,000.00		2,750,000.00		2		1.97		1,375,000.00		6.993		360		667		60.18
1,450,000.01 - 1,750,000.00		1,540,000.00		1		1.10		1,540,000.00		6.75		360		704		65.54
Total		139,701,954.61		529		100.00		264,086.87		7.491		353		692		74.16

As of the Cut-off Date, the average current principal balance of the Group 1-A-1 Loans was approximately $264,087.

Mortgage Rates

Range of Mortgage Rates (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
6.000 - 6.499		4,692,364.85		17		3.36		276,021.46		6.199		329		716		64.30
6.500 - 6.999		32,961,321.86		101		23.59		326,349.72		6.75		351		713		68.64
7.000 - 7.499		28,055,258.32		112		20.08		250,493.38		7.18		352		695		72.79
7.500 - 7.999		41,948,320.42		169		30.03		248,214.91		7.672		356		688		76.41
8.000 - 8.499		19,222,599.36		72		13.76		266,980.55		8.189		355		673		78.15
8.500 - 8.999		9,698,246.75		37		6.94		262,114.78		8.684		354		668		80.02
9.000 - 9.499		1,375,021.60		8		0.98		171,877.70		9.095		350		677		86.13
9.500 - 9.999		846,981.97		7		0.61		120,997.42		9.706		345		644		86.20
10.000 - 10.499		533,920.52		4		0.38		133,480.13		10.138		345		614		81.30
10.500 - 10.999		367,918.96		2		0.26		183,959.48		10.714		329		635		95.29
Total		139,701,954.61		529		100.00		264,086.87		7.491		353		692		74.16

As of the Cut-off Date, the weighted average mortgage rate of the Group 1-A-1 Loans was approximately 7.491% per annum.

Original Loan-to-Value Ratios

Range of Loan-to-Value Ratios (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
20.01 - 25.00		105,000.00		1		0.08		105,000.00		8.125		360		803		21.00
25.01 - 30.00		415,000.00		3		0.30		138,333.33		6.952		359		677		27.79
30.01 - 35.00		1,309,982.06		7		0.94		187,140.29		6.41		327		698		33.76
35.01 - 40.00		899,725.22		6		0.64		149,954.20		7.047		338		659		36.88
40.01 - 45.00		1,146,821.78		7		0.82		163,831.68		6.761		360		744		42.62
45.01 - 50.00		4,344,207.35		11		3.11		394,927.94		7.193		352		662		48.59
50.01 - 55.00		4,385,363.03		15		3.14		292,357.54		6.913		353		708		52.90
55.01 - 60.00		3,226,980.63		14		2.31		230,498.62		7.039		346		726		57.45
60.01 - 65.00		3,991,290.01		17		2.86		234,781.77		6.924		338		706		63.81
65.01 - 70.00		22,355,651.24		77		16.00		290,333.13		7.267		352		690		69.08
70.01 - 75.00		23,319,312.66		72		16.69		323,879.34		7.538		358		687		74.45
75.01 - 80.00		62,453,123.56		236		44.70		264,631.88		7.609		355		690		79.78
80.01 - 85.00		849,386.69		5		0.61		169,877.34		7.822		319		675		84.26
85.01 - 90.00		6,479,892.70		33		4.64		196,360.38		7.976		342		695		89.58
90.01 - 95.00		3,976,853.29		22		2.85		180,766.06		8.148		347		717		94.98
95.01 or Greater		443,364.39		3		0.32		147,788.13		9.428		317		664		98.47
Total		139,701,954.61		529		100.00		264,086.87		7.491		353		692		74.16

The minimum and maximum loan-to-value ratios of the Group 1-A-1 Loans at origination were approximately 21.00% and 100.00%, respectively, and the weighted average of the loan-to-value ratios of the Group 1-A-1 Loans at origination was approximately 74.16%.

Occupancy Types

Occupancy	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
Owner Occupied		96,915,364.03		340		69.37		285,045.19		7.444		354		687		74.77
Investment		32,106,339.27		151		22.98		212,624.76		7.577		349		706		71.71
Second Home		10,680,251.31		38		7.65		281,059.25		7.663		356		690		75.94
Total		139,701,954.61		529		100.00		264,086.87		7.491		353		692		74.16

Occupancy type is based on the representation of the borrower at the time of origination.

Mortgage Loan Program and Documentation Type

Document Type	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
Express No Doc		7,095,927.25		42		5.08		168,950.65		8.329		348		705		83.38
Express No Doc Verified Assets		2,364,195.83		9		1.69		262,688.43		7.157		359		704		72.66
Express Non-Verified Assets		4,447,287.82		30		3.18		148,242.93		7.733		336		695		77.04
Express Verified Assets		7,700,369.35		35		5.51		220,010.55		7.29		341		689		71.82
FISA		148,892.16		1		0.11		148,892.16		7.625		359		726		71.30
Full		11,802,491.69		46		8.45		256,575.91		7.384		348		686		72.74
SISA		5,310,696.03		23		3.80		230,899.83		8.031		347		677		70.74
Stated		100,832,094.48		343		72.18		293,971.12		7.429		355		692		73.94
Total		139,701,954.61		529		100.00		264,086.87		7.491		353		692		74.16

See “—Underwriting Criteria” below for a detailed description of the Sponsor’s loan programs and documentation requirements.

Risk Categories

Credit Grade Category	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
A1		55,124,549.95		190		39.46		290,129.21		7.694		355		653		74.82
A+1		61,876,803.32		218		44.29		283,838.55		7.199		354		729		73.29
A-1		3,250,159.05		12		2.33		270,846.59		7.7		349		605		61.47
B1		53,003.39		1		0.04		53,003.39		10		310		574		65.12
Progressive Express I 2		14,008,737.99		74		10.03		189,307.27		7.574		347		717		74.28
Progressive Express II2		4,803,208.32		30		3.44		160,106.94		8.259		330		656		84.95
Progressive Express III2		378,982.00		2		0.27		189,491.00		10.113		348		610		82.20
Progressive Express IV2		69,929.74		1		0.05		69,929.74		9.5		317		618		90.00
Progressive Express V2		136,580.85		1		0.10		136,580.85		8.25		359		635		80.00
Total		139,701,954.61		529		100.00		264,086.87		7.491		353		692		74.16

_________________

(1) All of these Group 1-A-1 Loans were reviewed and placed into risk categories based on the credit standards of the Progressive Series Program. Credit grades of A, A+, A-, B and CX correspond to Progressive Series I+, I and II, III and III+ and IV respectively.

(2) These Group 1-A-1 Loans were originated under the Sponsor’s Progressive Express™ Program. The underwriting for these Group 1-A-1 Loans is generally based on the borrower’s “Credit Score” score and therefore these Group 1-A-1 Loans do not correspond to the alphabetical risk categories listed above. Each mortgage loan originated pursuant to the Express Priority Refi™ Program has been placed in either Progressive Express™ Program II or III.

See “—Underwriting Criteria” below for a description of the Sponsor’s risk categories.

Property Types

Property Type	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
2 Family		8,202,067.86		28		5.87		292,931.00		7.509		357		697		70.86
3 Family		1,482,210.99		6		1.06		247,035.17		7.309		359		752		62.34
4 Family		3,756,448.65		9		2.69		417,383.18		7.874		355		703		71.28
Condominium		12,809,108.84		67		9.17		191,180.73		7.579		359		693		75.89
Condotel		1,444,385.18		5		1.03		288,877.04		6.664		308		743		73.96
Deminimis Planned Unit Development		21,108,505.91		67		15.11		315,052.33		7.442		355		703		77.26
Hi-Rise		3,216,756.41		9		2.30		357,417.38		8.067		360		677		75.33
Planned Unit Development		4,886,536.29		21		3.50		232,692.20		7.442		349		686		74.93
Single Family Residence		82,486,483.75		315		59.04		261,861.85		7.468		351		686		73.65
Townhouse		309,450.73		2		0.22		154,725.37		7.834		359		697		80.00
Total		139,701,954.61		529		100.00		264,086.87		7.491		353		692		74.16

Geographic Distribution of Mortgaged Properties

State	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
Arizona		2,526,121.34		14		1.81		180,437.24		7.699		350		681		77.86
Arkansas		172,000.00		1		0.12		172,000.00		7.75		360		724		80.00
California		58,188,712.74		159		41.65		365,966.75		7.241		354		693		71.01
Colorado		1,256,307.53		5		0.90		251,261.51		7.612		353		736		82.16
Connecticut		701,282.83		5		0.50		140,256.57		7.882		359		695		71.81
Delaware		227,200.00		1		0.16		227,200.00		7.625		359		731		80.00
Florida		40,085,684.14		185		28.69		216,679.37		7.542		353		692		76.01
Georgia		1,078,385.40		8		0.77		134,798.18		8.801		326		670		86.03
Hawaii		1,420,625.88		3		1.02		473,541.96		6.67		331		718		68.13
Illinois		2,700,882.19		11		1.93		245,534.74		7.888		359		689		79.60
Indiana		1,018,225.75		11		0.73		92,565.98		8.24		348		682		82.62
Louisiana		140,525.18		1		0.10		140,525.18		9.125		359		775		95.00
Maryland		2,766,256.97		12		1.98		230,521.41		7.75		359		683		69.76
Massachusetts		253,892.16		2		0.18		126,946.08		7.832		359		758		50.50
Michigan		558,336.34		5		0.40		111,667.27		8.308		353		668		79.17
Minnesota		1,146,300.00		4		0.82		286,575.00		8.234		360		640		80.00
Missouri		352,689.76		2		0.25		176,344.88		7.082		316		681		95.00
Montana		100,325.49		1		0.07		100,325.49		7.5		359		759		80.00
Nevada		3,531,404.58		9		2.53		392,378.29		7.23		351		721		74.13
New Jersey		2,339,488.79		7		1.67		334,212.68		8.16		348		666		74.23
New Mexico		90,750.00		1		0.06		90,750.00		9.5		360		672		75.00
New York		5,464,024.98		13		3.91		420,309.61		7.456		358		710		74.28
North Carolina		867,022.68		6		0.62		144,503.78		7.791		283		674		75.53
Ohio		678,101.92		7		0.49		96,871.70		7.581		280		668		86.24
Oregon		613,900.00		3		0.44		204,633.33		7.146		360		718		77.55
Pennsylvania		1,179,734.30		5		0.84		235,946.86		8.177		356		652		76.51
Rhode Island		245,000.00		1		0.18		245,000.00		7.881		360		729		70.00
South Carolina		852,589.17		4		0.61		213,147.29		8.261		359		671		83.76
Tennessee		149,174.82		2		0.11		74,587.41		8.292		342		713		85.42
Texas		1,534,948.62		13		1.10		118,072.97		8.187		349		665		80.73
Utah		419,521.10		2		0.30		209,760.55		7.704		360		692		79.85
Virginia		4,406,129.46		15		3.15		293,741.96		7.951		356		686		76.86
Washington		2,310,562.20		9		1.65		256,729.13		8.155		357		664		77.93
Wyoming		325,848.29		2		0.23		162,924.15		7.804		359		681		80.00
Total		139,701,954.61		529		100.00		264,086.87		7.491		353		692		74.16

No more than approximately 1.10% of the Group 1-A-1 Loans (by aggregate outstanding principal balance as of the Cut-off Date) are secured by mortgaged properties located in any one zip code.

Debt-to-Income Ratio

Range of Debt-to Income Ratio (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
0.00 - 5.00		21,912,385.89		105		15.69		208,689.39		7.66		347		699		75.90
10.01 - 15.00		598,800.00		3		0.43		199,600.00		7.283		360		702		60.26
15.01 - 20.00		1,661,688.82		8		1.19		207,711.10		7.275		351		715		72.21
20.01 - 25.00		4,424,173.75		17		3.17		260,245.51		7.103		342		718		74.75
25.01 - 30.00		9,791,936.83		37		7.01		264,646.94		7.479		359		691		71.52
30.01 - 35.00		19,924,923.92		67		14.26		297,386.92		7.328		359		690		72.96
35.01 - 40.00		25,732,288.10		99		18.42		259,922.10		7.305		355		692		72.31
40.01 - 45.00		25,404,897.78		83		18.19		306,083.11		7.495		352		688		73.89
45.01 - 50.00		27,432,762.92		99		19.64		277,098.62		7.712		351		684		76.99
50.01 - 55.00		2,759,744.68		10		1.98		275,974.47		7.683		358		695		73.22
55.01 or Greater		58,351.92		1		0.04		58,351.92		7		317		645		70.00
Total		139,701,954.61		529		100.00		264,086.87		7.491		353		692		74.16

As of the Cut-off Date, the non-zero weighted average debt-to-income ratio of the Group 1-A-1 Loans was approximately 39.08% per annum.

Prepayment Penalty

Prepayment Penalty Term	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
1 Year		39,759,244.38		134		28.46		296,710.78		7.342		357		694		74.27
2 Year		15,394,770.79		57		11.02		270,083.70		7.216		357		702		75.84
3 Year		37,799,560.25		134		27.06		282,086.27		7.505		355		686		73.01
5 Year		16,447,467.04		73		11.77		225,307.77		7.348		337		701		75.65
6 Months		1,289,015.53		4		0.92		322,253.88		7.55		281		679		73.02
No Prepay		29,011,896.62		127		20.77		228,440.13		7.902		354		686		73.79
Total		139,701,954.61		529		100.00		264,086.87		7.491		353		692		74.16

Months Remaining to Scheduled Maturity

Range of Months	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
121 - 180		3,288,231.58		19		2.35		173,064.82		7.063		166		686		71.15
241 - 360		136,413,723.03		510		97.65		267,477.89		7.501		357		692		74.23
Total		139,701,954.61		529		100.00		264,086.87		7.491		353		692		74.16

As of the Cut-off Date, the weighted average months remaining to scheduled maturity of the Group 1-A-1 Loans was approximately 353 months.

Credit Scores

Range of Credit Scores	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
-500		99,923.90		1		0.07		99,923.90		7.375		359		N/A		80.00
561 - 580		53,003.39		1		0.04		53,003.39		10		310		574		65.12
581 - 600		1,490,136.40		3		1.07		496,712.13		7.469		356		586		52.62
601 - 620		2,644,547.12		12		1.89		220,378.93		8.156		344		614		73.85
621 - 640		16,574,053.60		59		11.86		280,916.16		7.867		354		632		73.73
641 - 660		21,428,890.27		82		15.34		261,327.93		7.778		352		651		76.43
661 - 680		25,308,533.30		93		18.12		272,134.77		7.655		353		671		75.54
681 - 700		15,732,663.80		68		11.26		231,362.70		7.367		348		690		75.44
701 - 720		15,618,549.98		58		11.18		269,285.34		7.156		356		710		69.87
721 - 740		13,274,010.69		49		9.50		270,898.18		7.154		355		730		73.29
741 - 760		10,932,018.29		42		7.83		260,286.15		7.315		354		749		76.85
761 - 780		12,273,670.37		42		8.79		292,230.25		7.279		351		769		75.04
781 - 800		2,864,695.34		13		2.05		220,361.18		7.003		349		788		66.02
801 or Greater		1,407,258.16		6		1.01		234,543.03		6.938		357		805		72.27
Total		139,701,954.61		529		100.00		264,086.87		7.491		353		692		74.16

As of the Cut-off Date, the weighted average credit score of the Group 1-A-1 Loans for which credit scores are available was approximately 692.

Loan Purposes

Loan Purpose	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
Refinance Cash Out		50,252,184.51		174		35.97		288,805.66		7.428		352		682		68.56
Purchase		77,453,026.25		302		55.44		256,466.97		7.557		354		697		78.14
Refinance Rate Term		11,996,743.85		53		8.59		226,353.66		7.331		348		697		71.85
Total		139,701,954.61		529		100.00		264,086.87		7.491		353		692		74.16

Loan Group 1-A-2

The Group 1-A-2 Loans had an aggregate principal balance as of the Cut-off Date of approximately $520,051,842, after application of scheduled payments due on or before the Cut-off Date, whether or not received. Approximately 64.97% of the Group 1-A-2 Loans have adjustable rates and are secured by first liens on the related mortgaged property. Approximately 3.15% of the Group 1-A-2 Loans have fixed rates and are secured by second liens on the related mortgaged property.

The average principal balance of the Group 1-A-2 Loans at origination was approximately $251,739. No Group 1-A-2 Loan had a principal balance at origination of greater than approximately $1,999,950 or less than approximately $16,350. The average principal balance of the Group 1-A-2 Loans as of the Cut-off Date was approximately $250,025. No Group 1-A-2 Loan had a principal balance as of the Cut-off Date of greater than approximately $1,999,950 or less than approximately $1,770.

As of the Cut-off Date, the Group 1-A-2 Loans had mortgage rates ranging from approximately 4.875% per annum to approximately 14.875% per annum and the weighted average mortgage rate was approximately 7.450% per annum. The weighted average remaining term to stated maturity of the Group 1-A-2 Loans was approximately 347 months as of the Cut-off Date. None of the Group 1-A-2 Loans will have a first Due Date prior to March 1, 2002, or after May 1, 2006, or will have a remaining term to maturity of less than 135 months or greater than 360 months as of the Cut-off Date. The latest maturity date of any Group 1-A-2 Loan is April 1, 2036.

Approximately 51.36% and 18.39% of the Group 1-A-2 Loans have initial interest only periods of five and ten years, respectively.

The loan-to-value ratio of a mortgage loan secured by a first lien is equal to the ratio, expressed as a percentage, of the principal amount of the loan at origination, to the lesser of the appraised value of the related mortgaged property at the time of origination and the sales price. The combined loan-to-value ratio of a mortgage loan secured by a second lien is equal to the ratio, expressed as a percentage, of the principal amount of the loan at origination, plus the outstanding principal balance of the related senior lien, to the appraised value of the related mortgaged property at the time of origination. At origination, the weighted average of the loan-to-value ratios and combined loan-to-value ratios, as applicable, of the Group 1-A-2 Loans was approximately 76.59%. At origination, no loan-to-value ratio or combined loan-to-value ratio, as applicable, of any Group 1-A-2 Loan was greater than approximately 100.00% or less than approximately 8.45%.

Approximately 211 of the Group 1-A-2 Loans, representing approximately 4.22% of the mortgage pool (by aggregate outstanding principal balance as of the Cut-off Date) are balloon loans. The amount of the balloon payment on each of these mortgage loans is substantially in excess of the amount of the scheduled monthly payment on such mortgage loan for the period prior to the Due Date of the balloon payment. These Group 1-A-2 Loans have a weighted average remaining term to stated maturity of approximately 347 months.

None of the Group 1-A-2 Loans are buydown mortgage loans.

None of the Group 1-A-2 Loans will be subject to the Home Ownership and Equity Protection Act of 1994 or any comparable state law.

Approximately 80.14% of the Group 1-A-2 Loans provide for prepayment charges.

As of the Closing Date, no loan-to-value ratio or combined loan-to-value ratio, as applicable, of any Group 1-A-2 Loan will be greater than 100.00%.

Set forth below is a description of certain additional characteristics of the Group 1-A-2 Loans as of the Cut-off Date, except as otherwise indicated. All percentages of the Group 1-A-2 Loans are approximate percentages by aggregate principal balance as of the Cut-off Date, except as otherwise indicated. Dollar amounts and percentages may not add up to totals due to rounding.

Mortgage Loan Programs(1)

Loan Programs	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
15Y Fixed Balloon		8,990,707.10		129		1.73		69,695.40		10.660		174		687		95.31
20Y Fixed Balloon		67,906.09		1		0.01		67,906.09		12.250		235		664		100.00
30Y Fixed Balloon		2,781,614.26		10		0.53		278,161.43		7.430		360		679		72.68
15Y Fixed Balloon - IO		5,802,495.31		59		1.12		98,347.38		11.177		176		692		95.48
30Y Fixed		76,094,719.25		387		14.63		196,627.18		7.553		339		684		72.95
30Y Fixed - IO		88,457,102.77		276		17.01		320,496.75		7.540		357		694		74.47
30Y LIB12M		692,170.33		4		0.13		173,042.58		7.721		359		666		75.41
30Y LIB12M - IO		19,865,570.75		54		3.82		367,880.94		6.964		359		696		75.02
2/28 LIB6M		18,778,166.51		112		3.61		167,662.20		7.643		349		670		79.47
2/28 LIB6M — Balloon.		1,001,600.00		3		0.19		333,866.67		7.991		360		670		80.00
2/28 LIB6M - IO		54,558,527.76		199		10.49		274,163.46		7.429		357		677		78.42
3/27 LIB6M		4,525,355.75		19		0.87		238,176.62		7.560		355		698		77.62
3/27 LIB6M — Balloon.		1,530,745.06		3		0.29		510,248.35		7.699		360		684		73.47
3/27 LIB6M - IO		24,541,476.70		77		4.72		318,720.48		7.265		358		692		78.66
5/25 LIB12M		155,268.65		1		0.03		155,268.65		5.875		319		765		95.00
5/25 LIB12M - IO		360,000.00		2		0.07		180,000.00		6.092		357		726		80.00
5/25 LIB6M		17,488,669.76		73		3.36		239,570.82		7.715		359		671		75.33
5/25 LIB6M — Balloon.		1,779,399.81		6		0.34		296,566.64		7.414		360		706		78.88
5/25 LIB6M - IO		122,632,103.39		398		23.58		308,120.86		7.227		359		699		76.68
30Y LIB6M		20,493,737.16		86		3.94		238,299.27		6.962		323		690		76.29
30Y LIB6M - IO		33,589,147.97		133		6.46		252,549.98		7.039		332		711		78.23
7/23 LIB12M		78,295.71		1		0.02		78,295.71		6.000		319		706		80.00
7/23 LIB6M		1,372,240.75		5		0.26		274,448.15		7.071		356		717		75.94
7/23 LIB6M - IO		12,900,575.00		33		2.48		390,926.52		6.915		360		700		74.15
5/25 CMT1Y		917,679.53		7		0.18		131,097.08		6.097		319		733		83.13
7/23 CMT1Y		596,566.18		2		0.11		298,283.09		6.404		319		715		75.54
Total	$	520,051,841.55		2,080		100.00		250,024.92		7.450		347		691		76.59

____________

(1) A mortgage loan with a loan program of “15Y Fixed Balloon”, “20Y Fixed Balloon” or “30Y Fixed Balloon” has an amortization term of 30, 30 or 40 years, respectively, has a mortgage rate that is fixed for the entire term and requires a balloon payment in year 15, 20 or 30, respectively. A mortgage loan with a loan program of “30Y Fixed” is a fixed-rate loan with a term of 30 years. A mortgage loan with a loan program including the term “30Y LIB 12M” has a term of 30 years and the mortgage rate adjusts annually based on the value of One-Year LIBOR. A mortgage loan with a loan program including the term “2/28 LIB 6M” has a term of 30 years, the first two of which consist of a fixed rate period, and thereafter the mortgage rate adjusts semi-annually based on the value of Six-Month LIBOR. A mortgage loan with a loan program of “2/28 LIB 6M - Balloon” amortizes over a 40 year term and has a term of 30 years, the first two of which consist of a fixed rate period, and thereafter the mortgage rate adjusts semi-annually based on the value of Six-Month LIBOR. A mortgage loan with a loan program including the term “3/27 LIB 6M” has a term of 30 years, the first three of which consist of a fixed rate period, and thereafter the mortgage rate adjusts semi-annually based on the value of Six-Month LIBOR. A mortgage loan with a loan program of “3/27 LIB 6M - Balloon” amortizes over a 40 year term and has a term of 30 years, the first three of which consist of a fixed rate period, and thereafter the mortgage rate adjusts semi-annually based on the value of Six-Month LIBOR. A mortgage loan with a loan program including the term “5/25 LIB 12M” has a term of 30 years, the first five of which consist of a fixed rate period, and thereafter the mortgage rate adjusts annually based on the value of One-Year LIBOR. A mortgage loan with a loan program including the term “5/25 LIB 6M” has a term of 30 years, the first five of which consist of a fixed rate period, and thereafter the mortgage rate adjusts semi-annually based on the value of Six-Month LIBOR. A mortgage loan with a loan program of “5/25 LIB 6M - Balloon” amortizes over a 40 year term and has a term of 30 years, the first five of which consist of a fixed rate period, and thereafter adjusts semi-annually based on the value of Six-Month LIBOR. A mortgage loan with a loan program including the term “30Y LIB 6M” has a term of 30 years, and the mortgage rate adjusts semi-annually based on the value of Six-Month LIBOR. A mortgage loan with a loan program of “7/23 LIB 12M” has a term of 30 years, the first seven of which consist of a fixed rate period, and thereafter the mortgage rate adjusts annually based on the value of One-Year LIBOR. A mortgage loan with a loan program including the term “7/23 LIB 6M” has a term of 30 years, the first seven of which consist of a fixed rate period, and thereafter the mortgage rate adjusts semi-annually based on the value of Six-Month LIBOR. A mortgage loan with a loan program of “5/25 CMT1Y” has a term of 30 years, the first five of which consist of a fixed rate period, and thereafter the mortgage rate adjusts annually based on the value of One-Year CMT. A mortgage loan with a loan program of “7/23 CMT1Y” has a term of 30 years, the first seven of which consist of a fixed rate period, and thereafter the mortgage rate adjusts annually based on the value of One-Year CMT. Any mortgage loan with a loan program including the term “IO” has an interest only period. A mortgage loan with a loan program of “15Y Fixed”, “20Y Fixed” or “30Y Fixed” is a fixed-rate loan with a term of 15, 20 or 30 years, respectively.

Principal Balances as of Origination

Range of Mortgage Loan Principal Balances	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
0.00 - 250,000.00		181,205,501.01		1,279		34.84		141,677.48		7.758		333		687		78.02
250,000.01 - 300,000.00		52,782,822.51		192		10.15		274,910.53		7.411		352		687		76.84
300,000.01 - 350,000.00		48,976,231.71		151		9.42		324,345.91		7.312		354		694		77.89
350,000.01 - 400,000.00		46,728,476.54		126		8.99		370,860.92		7.358		348		696		76.48
400,000.01 - 450,000.00		34,229,784.28		81		6.58		422,589.93		7.189		355		692		77.39
450,000.01 - 500,000.00		29,795,150.59		64		5.73		465,549.23		7.190		352		698		75.04
500,000.01 - 550,000.00		23,457,279.17		45		4.51		521,272.87		7.267		356		687		77.20
550,000.01 - 600,000.00		27,930,317.62		49		5.37		570,006.48		7.274		357		694		78.08
600,000.01 - 650,000.00		17,716,668.00		28		3.41		632,738.14		7.351		355		701		75.82
650,000.01 - 700,000.00		4,682,640.62		7		0.90		668,948.66		7.304		359		699		75.17
700,000.01 - 750,000.00		19,799,001.97		27		3.81		733,296.37		7.562		360		686		73.55
750,000.01 - 800,000.00		4,614,595.13		6		0.89		769,099.19		6.695		353		685		70.79
800,000.01 - 850,000.00		1,664,999.95		2		0.32		832,499.98		6.565		357		729		72.55
850,000.01 - 900,000.00		851,900.00		1		0.16		851,900.00		7.500		355		686		70.00
900,000.01 - 950,000.00		1,887,500.00		2		0.36		943,750.00		7.132		360		735		77.52
950,000.01 - 1,000,000.00		9,879,120.91		10		1.90		987,912.09		7.050		355		712		66.55
1,050,000.01 - 1,150,000.00		2,190,000.00		2		0.42		1,095,000.00		7.253		360		663		47.44
1,150,000.01 - 1,200,000.00		2,386,500.00		2		0.46		1,193,250.00		6.913		359		634		71.37
1,200,000.01 - 1,300,000.00		1,272,851.54		1		0.24		1,272,851.54		6.875		359		734		67.11
1,300,000.01 - 1,400,000.00		2,680,550.00		2		0.52		1,340,275.00		7.177		360		702		72.53
1,450,000.01 - 1,750,000.00		1,500,000.00		1		0.29		1,500,000.00		7.375		359		682		69.77
1,800,000.01 or greater		3,819,950.00		2		0.73		1,909,975.00		6.417		359		736		65.90
Total		520,051,841.55		2,080		100.00		250,024.92		7.450		347		691		76.59

As of origination, the average principal balance of the Group 1-A-2 Loans was approximately $251,739.

Principal Balances as of the Cut-offDate

Range of Mortgage Loan Principal Balances	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
0.01 - 250,000.00		182,666,074.22		1,286		35.12		142,042.05		7.752		333		687		78.03
250,000.01 - 300,000.00		53,355,719.27		193		10.26		276,454.50		7.397		350		688		76.75
300,000.01 - 350,000.00		48,944,726.57		150		9.41		326,298.18		7.307		355		694		77.93
350,000.01 - 400,000.00		45,865,726.09		123		8.82		372,892.08		7.380		349		695		76.40
400,000.01 - 450,000.00		34,394,512.07		81		6.61		424,623.61		7.172		355		694		76.97
450,000.01 - 500,000.00		28,981,557.69		61		5.57		475,107.50		7.197		353		697		75.40
500,000.01 - 550,000.00		24,051,442.66		46		4.62		522,857.45		7.233		355		688		77.25
550,000.01 - 600,000.00		26,845,804.86		47		5.16		571,187.34		7.323		359		692		78.20
600,000.01 - 650,000.00		17,716,668.00		28		3.41		632,738.14		7.351		355		701		75.82
650,000.01 - 700,000.00		4,682,640.62		7		0.90		668,948.66		7.304		359		699		75.17
700,000.01 - 750,000.00		20,510,847.10		28		3.94		732,530.25		7.551		358		684		73.38
750,000.01 - 800,000.00		3,902,750.00		5		0.75		780,550.00		6.594		359		695		71.18
800,000.01 - 850,000.00		1,664,999.95		2		0.32		832,499.98		6.565		357		729		72.55
850,000.01 - 900,000.00		851,900.00		1		0.16		851,900.00		7.500		355		686		70.00
900,000.01 - 950,000.00		2,837,120.91		3		0.55		945,706.97		7.046		346		706		77.32
950,000.01 - 1,000,000.00		8,929,500.00		9		1.72		992,166.67		7.069		359		718		65.45
1,050,000.01 - 1,150,000.00		2,190,000.00		2		0.42		1,095,000.00		7.253		360		663		47.44
1,150,000.01 - 1,200,000.00		2,386,500.00		2		0.46		1,193,250.00		6.913		359		634		71.37
1,200,000.01 - 1,300,000.00		1,272,851.54		1		0.24		1,272,851.54		6.875		359		734		67.11
1,300,000.01 - 1,400,000.00		2,680,550.00		2		0.52		1,340,275.00		7.177		360		702		72.53
1,450,000.01 - 1,750,000.00		1,500,000.00		1		0.29		1,500,000.00		7.375		359		682		69.77
1,800,000.01 or greater		3,819,950.00		2		0.73		1,909,975.00		6.417		359		736		65.90
Total		520,051,841.55		2,080		100.00		250,024.92		7.450		347		691		76.59

As of the Cut-off Date, the average current principal balance of the Group 1-A-2 Loans was approximately $250,025.

Mortgage Rates

Range of Mortgage Rates (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
4.500 - 4.999		999,264.90		3		0.19		333,088.30		4.875		320		765		63.80
5.000 - 5.499		2,704,011.87		8		0.52		338,001.48		5.297		333		736		73.94
5.500 - 5.999		8,712,500.26		34		1.68		256,250.01		5.770		348		718		71.45
6.000 - 6.499		39,685,049.21		131		7.63		302,939.31		6.255		349		714		71.80
6.500 - 6.999		121,132,476.87		402		23.29		301,324.57		6.749		349		700		73.73
7.000 - 7.499		117,388,847.43		426		22.57		275,560.67		7.197		352		696		76.48
7.500 - 7.999		123,286,886.77		479		23.71		257,383.90		7.686		356		683		76.99
8.000 - 8.499		52,951,576.56		213		10.18		248,598.95		8.169		353		678		78.48
8.500 - 8.999		23,751,285.97		113		4.57		210,188.37		8.674		344		664		80.17
9.000 - 9.499		8,179,313.93		54		1.57		151,468.78		9.161		313		666		84.71
9.500 - 9.999		6,831,830.87		44		1.31		155,268.88		9.694		300		658		84.07
10.000 - 10.499		1,396,760.72		22		0.27		63,489.12		10.174		229		695		91.66
10.500 - 10.999		3,420,204.63		43		0.66		79,539.64		10.656		244		692		92.47
11.000 - 11.499		1,887,002.18		16		0.36		117,937.64		11.248		209		684		96.91
11.500 - 11.999		2,663,925.09		23		0.51		115,822.83		11.701		244		648		93.61
12.000 - 12.499		2,585,217.56		29		0.50		89,145.43		12.171		190		692		97.38
12.500 - 12.999		1,228,201.86		17		0.24		72,247.17		12.658		200		683		96.26
13.000 - 13.499		674,932.61		11		0.13		61,357.51		13.250		204		665		96.38
13.500 - 13.999		480,006.16		10		0.09		48,000.62		13.718		175		642		97.26
14.000 - 14.499		26,575.91		1		0.01		26,575.91		14.125		175		650		95.00
14.500 - 14.999		65,970.19		1		0.01		65,970.19		14.875		177		655		95.00
Total		520,051,841.55		2,080		100.00		250,024.92		7.450		347		691		76.59

As of the Cut-off Date, the weighted average mortgage rate of the Group 1-A-2 Loans was approximately 7.450% per annum.

Next Adjustment Date

Next Adjustment Date	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
N/A (Fixed Rate Loans)		182,194,544.78		862		35.03		211,362.58		7.816		335		689		75.52
April 2006		11,597,295.50		51		2.23		227,397.95		6.559		320		703		73.65
May 2006		18,077,293.33		82		3.48		220,454.80		6.915		321		698		78.30
June 2006		11,417,538.18		52		2.20		219,568.04		7.046		320		700		79.98
July 2006		2,665,354.85		12		0.51		222,112.90		7.842		333		709		83.44
August 2006		4,987,758.20		19		0.96		262,513.59		7.639		343		704		79.36
September 2006		9,958,609.04		36		1.91		276,628.03		7.651		344		696		78.28
October 2006		1,741,443.00		6		0.33		290,240.50		6.295		358		736		78.09
December 2006		768,950.00		3		0.15		256,316.67		7.001		357		683		74.87
January 2007		3,583,689.83		7		0.69		511,955.69		6.448		358		725		69.90
February 2007		8,895,663.50		23		1.71		386,767.98		7.042		359		688		76.44
March 2007		4,937,137.00		17		0.95		290,419.82		7.509		360		688		75.38
April 2007		1,484,641.00		5		0.29		296,928.20		7.176		360		665		76.87
August 2007		1,010,816.75		5		0.19		202,163.35		6.085		353		684		71.03
September 2007		8,980,372.53		43		1.73		208,845.87		6.950		353		615		82.77
October 2007		10,492,635.06		52		2.02		201,781.44		6.701		352		687		78.65
November 2007		4,895,011.15		19		0.94		257,632.17		6.029		339		729		73.01
December 2007		5,124,779.26		21		0.99		244,037.11		7.491		357		657		77.09
January 2008		8,372,483.43		32		1.61		261,640.11		7.705		358		674		78.41
February 2008		14,658,348.50		59		2.82		248,446.58		7.701		359		689		77.96
March 2008		14,538,546.89		53		2.80		274,312.21		7.908		360		687		76.72
April 2008		5,155,841.00		17		0.99		303,284.76		7.818		360		699		78.86
May 2008		125,915.66		1		0.02		125,915.66		6.250		350		715		66.67
August 2008		332,800.00		1		0.06		332,800.00		6.290		353		701		80.00
September 2008		736,607.76		4		0.14		184,151.94		7.706		354		697		82.22
October 2008		284,000.00		1		0.05		284,000.00		6.750		355		652		80.00
November 2008		74,050.00		1		0.01		74,050.00		7.250		356		748		74.80
December 2008		1,552,000.00		3		0.30		517,333.33		6.974		357		642		75.20
January 2009		2,999,201.30		10		0.58		299,920.13		7.122		358		689		79.29
February 2009		11,922,823.78		34		2.29		350,671.29		7.383		359		704		79.38
March 2009		9,667,139.97		29		1.86		333,349.65		7.360		360		691		77.17
April 2009		2,122,400.00		9		0.41		235,822.22		7.352		360		682		77.00
October 2009		801,721.38		4		0.15		200,430.35		6.281		319		717		79.06
May 2010		214,290.36		1		0.04		214,290.36		6.375		350		764		80.00
June 2010		396,500.00		1		0.08		396,500.00		6.250		351		761		65.00
August 2010		333,764.25		2		0.06		166,882.13		6.373		353		732		80.00
September 2010		179,000.00		1		0.03		179,000.00		7.500		354		661		76.18
October 2010		340,000.00		1		0.07		340,000.00		7.750		355		663		80.00
November 2010		375,990.00		1		0.07		375,990.00		6.375		356		702		80.00
December 2010		264,000.00		1		0.05		264,000.00		8.000		357		624		77.20
January 2011		3,129,039.91		12		0.60		260,753.33		7.195		358		689		78.88
February 2011		36,593,871.27		118		7.04		310,117.55		7.104		359		697		76.82
March 2011		59,412,483.87		196		11.42		303,124.92		7.422		360		692		76.36
April 2011		38,509,533.00		136		7.40		283,158.33		7.404		360		696		77.00
January 2013		284,800.00		1		0.05		284,800.00		8.000		358		776		80.00
February 2013		4,212,600.00		14		0.81		300,900.00		7.141		359		699		80.29
March 2013		6,596,906.26		15		1.27		439,793.75		6.920		360		699		70.89
April 2013		3,051,650.00		7		0.59		435,950.00		6.603		360		704		72.10
Total		520,051,841.55		2,080		100.00		250,024.92		7.450		347		691		76.59

As of the Cut-off Date, the weighted average remaining months to the next adjustment date of the Group 1-A-2 Loans was approximately 37 months.

Gross Margin

Range of Gross Margins (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
N/A (Fixed Rate Loans)		182,194,544.78		862		35.03		211,362.58		7.816		335		689		75.52
1.250 - 1.499		921,797.24		2		0.18		460,898.62		5.375		319		750		70.00
1.750 - 1.999		896,496.97		4		0.17		224,124.24		5.977		320		717		59.20
2.000 - 2.249		1,583,396.22		6		0.30		263,899.37		6.996		333		699		73.75
2.250 - 2.499		12,995,051.55		54		2.50		240,649.10		6.466		327		733		71.40
2.500 - 2.749		13,849,424.07		61		2.66		227,039.74		6.814		321		708		77.71
2.750 - 2.999		17,888,255.08		74		3.44		241,733.18		7.070		329		686		80.09
3.000 - 3.249		20,427,327.40		76		3.93		268,780.62		7.170		348		704		75.01
3.250 - 3.499		70,246,596.60		239		13.51		293,918.81		7.419		358		691		77.54
3.500 - 3.749		110,353,908.86		370		21.22		298,253.81		7.300		359		696		76.44
3.750 - 3.999		33,721,376.14		106		6.48		318,126.19		7.309		358		694		77.18
4.000 - 4.249		18,540,836.42		51		3.57		363,545.81		7.013		358		696		76.48
4.250 - 4.499		1,416,521.70		10		0.27		141,652.17		8.379		347		663		84.29
4.500 - 4.749		3,148,104.41		13		0.61		242,161.88		7.664		357		692		82.40
4.750 - 4.999		3,336,486.17		15		0.64		222,432.41		6.984		355		685		78.60
5.000 - 5.249		3,856,371.18		17		0.74		226,845.36		7.393		349		657		78.10
5.250 - 5.499		3,540,223.84		19		0.68		186,327.57		6.950		355		653		81.54
5.500 - 5.749		3,136,188.17		18		0.60		174,232.68		7.622		355		680		81.33
5.750 - 5.999		8,307,461.72		36		1.60		230,762.83		6.869		355		628		80.98
6.000 - 6.249		2,002,922.15		14		0.39		143,065.87		7.150		353		639		82.45
6.250 - 6.499		1,422,045.89		9		0.27		158,005.10		7.528		357		637		79.66
6.500 - 6.749		1,967,619.40		7		0.38		281,088.49		8.053		355		626		87.35
6.750 - 6.999		1,295,453.78		7		0.25		185,064.83		7.880		357		680		80.47
7.250 - 7.499		782,365.63		3		0.15		260,788.54		8.358		359		674		78.41
7.500 - 7.749		192,000.00		1		0.04		192,000.00		7.590		355		658		80.00
7.750 - 7.999		400,000.00		1		0.08		400,000.00		11.500		360		546		74.49
8.750 - 8.999		940,190.00		2		0.18		470,095.00		9.800		359		660		86.00
10.250 - 10.499		184,848.88		1		0.04		184,848.88		11.375		358		625		95.00
10.500 - 10.749		346,527.30		1		0.07		346,527.30		11.500		358		662		95.00
10.750 - 10.999		157,500.00		1		0.03		157,500.00		11.750		359		649		90.00
Total		520,051,841.55		2,080		100.00		250,024.92		7.450		347		691		76.59

As of the Cut-off Date, the weighted average Gross Margin of the Group 1-A-2 Loans was approximately 3.591% per annum.

Maximum Mortgage Rate

Range of Maximum Mortgage Rates (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
N/A (Fixed Rate Loans)		182,194,544.78		862		35.03		211,362.58		7.816		335		689		75.52
8.500 - 8.999		1,337,402.60		5		0.26		267,480.52		6.330		319		739		54.98
9.000 - 9.499		2,188,467.31		6		0.42		364,744.55		5.970		319		756		65.35
9.500 - 9.999		1,810,364.56		8		0.35		226,295.57		6.419		319		735		64.69
10.000 - 10.499		3,880,623.97		20		0.75		194,031.20		6.419		320		730		69.21
10.500 - 10.999		5,595,343.86		23		1.08		243,275.82		6.452		321		726		73.92
11.000 - 11.499		7,592,231.70		30		1.46		253,074.39		6.482		326		719		76.93
11.500 - 11.999		16,816,223.25		59		3.23		285,020.73		6.432		342		703		76.78
12.000 - 12.499		33,006,472.01		112		6.35		294,700.64		6.461		352		703		75.10
12.500 - 12.999		76,593,006.62		264		14.73		290,125.03		6.799		354		693		76.70
13.000 - 13.499		60,599,864.34		216		11.65		280,554.93		7.204		357		697		77.54
13.500 - 13.999		78,481,770.05		286		15.09		274,411.78		7.685		358		685		78.27
14.000 - 14.499		29,405,367.72		102		5.65		288,287.92		8.115		357		674		78.71
14.500 - 14.999		13,378,518.65		49		2.57		273,030.99		8.637		358		662		78.66
15.000 - 15.499		2,523,757.11		14		0.49		180,268.37		9.048		357		667		83.64
15.500 - 15.999		2,292,416.86		11		0.44		208,401.53		9.514		344		673		86.73
16.000 - 16.499		139,500.00		1		0.03		139,500.00		10.250		360		762		90.00
16.500 - 16.999		691,610.97		4		0.13		172,902.74		10.480		354		675		87.39
17.000 - 17.499		386,576.75		3		0.07		128,858.92		10.812		336		649		94.33
17.500 - 17.999		583,023.44		3		0.11		194,341.15		11.629		353		656		93.65
18.000 - 18.499		554,755.00		2		0.11		277,377.50		11.639		359		574		80.21
Total		520,051,841.55		2,080		100.00		250,024.92		7.450		347		691		76.59

As of the Cut-off Date, the weighted average Maximum Mortgage Rate of the Group 1-A-2 Loans was approximately 13.067% per annum.

Initial Fixed-Rate Period

Initial Fixed Period	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
N/A (Fixed Rate Loans)		182,194,544.78		862		35.03		211,362.58		7.816		335		689		75.52
6		54,082,885.13		219		10.40		246,953.81		7.010		328		703		77.50
12		20,557,741.08		58		3.95		354,443.81		6.989		359		695		75.03
24		74,338,294.27		314		14.29		236,746.16		7.490		355		675		78.71
36		30,597,577.51		99		5.88		309,066.44		7.330		358		692		78.25
60		143,333,121.14		487		27.56		294,318.52		7.277		359		696		76.61
84		14,947,677.64		41		2.87		364,577.50		6.904		357		702		74.40
Total		520,051,841.55		2,080		100.00		250,024.92		7.450		347		691		76.59

Unassociated Document

Initial Rate Cap

Initial Cap (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
N/A (Fixed Rate Loans)		182,194,544.78		862		35.03		211,362.58		7.816		335		689		75.52
1.000		53,640,965.90		217		10.31		247,193.39		7.009		328		704		77.48
1.500		104,761.40		1		0.02		104,761.40		9.875		320		618		80.00
2.000		25,614,486.09		71		4.93		360,767.41		7.026		359		695		76.06
3.000		246,203,744.64		884		47.34		278,511.02		7.342		358		689		77.25
5.000		9,544,230.47		34		1.84		280,712.66		6.838		352		702		77.02
6.000		2,749,108.27		11		0.53		249,918.93		7.379		357		681		74.48
Total		520,051,841.55		2,080		100.00		250,024.92		7.450		347		691		76.59

Subsequent Rate Cap

Subsequent Cap (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
N/A (Fixed Rate Loans)		182,194,544.78		862		35.03		211,362.58		7.816		335		689		75.52
1.000		307,701,358.94		1,120		59.17		274,733.36		7.269		353		692		77.29
1.500		1,202,904.85		6		0.23		200,484.14		8.925		349		602		76.65
2.000		28,953,032.98		92		5.57		314,706.88		7.009		356		695		75.91
Total		520,051,841.55		2,080		100.00		250,024.92		7.450		347		691		76.59

Original Loan-to-Value Ratios*

Range of Loan-to-Value Ratios (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
0.01 — 10.00		80,141.94		1		0.02		80,141.94		8.000		358		633		8.45
10.01 - 15.00		108,000.00		1		0.02		108,000.00		6.625		180		683		13.76
15.01 - 20.00		111,000.00		1		0.02		111,000.00		7.000		360		643		19.31
20.01 - 25.00		370,420.11		3		0.07		123,473.37		6.915		272		699		23.44
25.01 - 30.00		795,988.43		7		0.15		113,712.63		7.388		339		672		28.19
30.01 - 35.00		1,519,850.39		9		0.29		168,872.27		7.226		353		670		31.84
35.01 - 40.00		5,617,906.90		16		1.08		351,119.18		6.987		347		715		37.68
40.01 - 45.00		1,645,299.19		10		0.32		164,529.92		6.588		340		698		42.59
45.01 - 50.00		5,200,204.16		21		1.00		247,628.77		7.012		344		701		48.03
50.01 - 55.00		6,102,383.11		25		1.17		244,095.32		6.995		340		691		52.92
55.01 - 60.00		8,091,754.58		33		1.56		245,204.68		6.653		345		706		57.97
60.01 - 65.00		19,242,076.30		57		3.70		337,580.29		6.865		350		705		63.30
65.01 - 70.00		81,615,646.76		265		15.69		307,983.57		7.098		352		696		69.23
70.01 - 75.00		52,578,834.20		189		10.11		278,194.89		7.355		354		688		74.45
75.01 - 80.00		278,948,139.83		1,006		53.64		277,284.43		7.411		354		689		79.83
80.01 - 85.00		5,034,042.13		24		0.97		209,751.76		7.192		340		693		84.15
85.01 - 90.00		24,299,493.07		157		4.67		154,773.84		8.032		315		692		89.79
90.01 - 95.00		19,767,135.20		162		3.80		122,019.35		8.866		306		694		94.89
95.01 +		8,923,525.25		93		1.72		95,951.88		10.918		183		680		99.78
Total		520,051,841.55		2,080		100.00		250,024.92		7.450		347		691		76.59

The minimum and maximum loan-to-value ratios of the Group 1-A-2 Loans at origination were approximately 8.45% and 100.00%, respectively, and the weighted average of the loan-to-value ratios of the Group 1-A-2 Loans at origination was approximately 76.59%.

*Combined loan-to-value ratios with respect to the mortgage loans secured by second liens.

Occupancy Types

Occupancy	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
Investment		125,367,940.62		604		24.11		207,562.82		7.599		348		710		74.28
Owner Occupied		368,876,718.42		1,360		70.93		271,232.88		7.389		346		685		77.30
Second Home		25,807,182.51		116		4.96		222,475.71		7.594		348		693		77.70
Total		520,051,841.55		2,080		100.00		250,024.92		7.450		347		691		76.59

Occupancy type is based on the representation of the borrower at the time of origination.

Mortgage Loan Program and Documentation Type

Document Type	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
Progressive Series Program (Alternative Documentation)		263,699.58		4		0.05		65,924.90		8.173		261		633		87.65
Progressive Express Program (No Documentation Program)		20,259,644.37		100		3.90		202,596.44		7.984		341		695		76.48
Progressive Express Program No Documentation Program (Verified Assets)		2,850,309.12		15		0.55		190,020.61		7.916		355		696		78.55
Progressive Express Program (Non-Verified Assets)		29,281,705.00		158		5.63		185,327.25		7.867		331		672		80.07
Progressive Express Program (Verified Assets)		49,381,453.42		192		9.50		257,195.07		7.413		340		698		79.96
Progressive Series Program (Full/Income Stated Assets)		747,884.64		5		0.14		149,576.93		7.548		358		730		64.34
Progressive Series Program (Full Documentation)		38,709,616.04		190		7.44		203,734.82		6.944		342		680		76.00
Progressive Series Program (No Income/No Assets)		6,294,820.60		40		1.21		157,370.51		6.629		345		699		77.19
Progressive Series Program (Stated Income/Stated Assets)		15,896,747.78		54		3.06		294,384.22		7.485		356		686		75.51
Progressive Series Program (Stated Documentation)		356,365,961.00		1,322		68.53		269,565.78		7.453		349		693		75.95
Total		520,051,841.55		2,080		100.00		250,024.92		7.450		347		691		76.59

See “—Underwriting Criteria” below for a detailed description of the Sponsor’s loan programs and documentation requirements.

Risk Categories

Credit Grade Category	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
ALT B/A1		199,612.90		1		0.04		199,612.90		11.750		177		649		100.00
A1		174,748,140.32		697		33.60		250,714.69		7.616		347		655		76.98
A+1		247,823,214.34		913		47.65		271,438.35		7.225		349		724		75.53
A-1		19,219,068.57		82		3.70		234,378.89		7.606		355		604		74.60
B1		88,980.99		1		0.02		88,980.99		9.000		360		562		62.24
CX1		116,904.93		1		0.02		116,904.93		6.750		136		735		63.30
Progressive Express I 2		45,792,459.84		207		8.81		221,219.61		7.551		342		723		80.22
Progressive Express II 2		27,216,806.67		152		5.23		179,057.94		7.844		325		653		80.32
Progressive Express III2		2,617,298.36		15		0.50		174,486.56		8.234		341		618		66.10
Progressive Express IV 2		583,562.40		5		0.11		116,712.48		9.276		305		591		67.79
Progressive Express V 2		763,800.43		3		0.15		254,600.14		9.059		359		581		75.58
Progressive Express VI 2		881,991.80		3		0.17		293,997.27		10.755		359		550		73.38
Total		520,051,841.55		2,080		100.00		250,024.92		7.450		347		691		76.59

_________________

(1) All of these Group 1-A-2 Loans were reviewed and placed into risk categories based on the credit standards of the Progressive Series Program. Credit grades of ALT B/A, A, A+, A-, B and CX correspond to Progressive Series I+, I and II, III and III+ and IV respectively.

(2) These Group 1-A-2 Loans were originated under the Sponsor’s Progressive Express™ Program. The underwriting for these Group 1-A-2 Loans is generally based on the borrower’s “Credit Score” score and therefore these Group 1-A-2 Loans do not correspond to the alphabetical risk categories listed above. Each mortgage loan originated pursuant to the Express Priority Refi™ Program has been placed in either Progressive Express™ Program II or III.

See “—Underwriting Criteria” below for a description of the Sponsor’s risk categories.

Property Types

Property Type	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
2 Family		29,276,453.58		103		5.63		284,237.41		7.469		348		706		73.90
2-4 Family Unit		295,163.27		5		0.06		59,032.65		10.093		219		708		97.35
3 Family		12,730,574.40		38		2.45		335,015.12		7.896		341		704		75.71
4 Family		11,156,902.75		33		2.15		338,087.96		7.929		343		695		75.32
Condominium		52,381,729.96		249		10.07		210,368.39		7.466		347		702		77.45
Condominium Non-Warrantable		131,817.72		1		0.03		131,817.72		7.875		358		673		80.00
Condotel		3,197,968.23		11		0.61		290,724.38		7.389		351		680		75.75
Deminimis Planned Unit Development		83,018,875.09		275		15.96		301,886.82		7.309		351		694		77.95
Hi-Rise		14,544,165.42		48		2.80		303,003.45		7.649		346		703		76.49
Planned Unit Development		26,337,059.31		115		5.06		229,017.91		7.583		344		676		78.69
Single Family Residence		284,483,810.98		1,188		54.70		239,464.49		7.422		346		687		76.19
Townhouse		2,497,320.84		14		0.48		178,380.06		7.385		346		677		77.86
Total		520,051,841.55		2,080		100.00		250,024.92		7.450		347		691		76.59

Geographic Distribution of Mortgaged Properties

State	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
Alabama		980,000.00		1		0.19		980,000.00		7.125		359		729		70.00
Arizona		20,058,155.50		104		3.86		192,866.88		7.613		353		692		78.84
Arkansas		201,375.15		1		0.04		201,375.15		7.500		317		644		76.70
California		232,496,168.71		693		44.71		335,492.31		7.221		348		694		75.24
Colorado		7,736,811.17		46		1.49		168,191.55		7.456		331		694		81.18
Connecticut		2,572,573.24		16		0.49		160,785.83		8.191		347		698		75.38
Delaware		851,236.09		5		0.16		170,247.22		8.692		316		664		83.97
District of Columbia		1,175,399.74		6		0.23		195,899.96		8.200		323		664		84.13
Florida		92,034,231.65		461		17.70		199,640.42		7.729		346		691		77.53
Georgia		8,411,621.52		51		1.62		164,933.76		7.223		330		686		81.35
Hawaii		6,700,733.94		14		1.29		478,623.85		6.898		347		697		69.79
Idaho		277,776.58		2		0.05		138,888.29		7.258		343		725		86.36
Illinois		12,766,521.59		61		2.45		209,287.24		7.900		352		684		76.90
Indiana		1,078,470.86		10		0.21		107,847.09		7.436		342		673		81.67
Iowa		106,400.00		1		0.02		106,400.00		7.500		358		693		80.00
Kansas		264,771.85		3		0.05		88,257.28		7.102		321		679		84.61
Kentucky		97,500.00		1		0.02		97,500.00		7.730		354		587		79.60
Louisiana		286,978.82		2		0.06		143,489.41		7.175		356		641		79.95
Maryland		14,432,381.15		54		2.78		267,266.32		7.534		351		682		76.38
Massachusetts		4,441,063.86		22		0.85		201,866.54		7.665		336		691		79.30
Michigan		3,952,810.25		30		0.76		131,760.34		8.370		322		678		83.31
Minnesota		3,837,881.28		17		0.74		225,757.72		7.545		355		694		75.41
Mississippi		286,633.42		3		0.06		95,544.47		8.353		340		716		86.98
Missouri		987,337.16		7		0.19		141,048.17		7.513		354		667		80.61
Nebraska		164,303.95		1		0.03		164,303.95		6.810		319		690		90.00
Nevada		8,238,160.01		39		1.58		211,234.87		7.462		348		715		77.61
New Hampshire		147,403.24		1		0.03		147,403.24		6.720		355		701		80.00
New Jersey		7,509,375.43		37		1.44		202,956.09		7.859		333		677		74.78
New Mexico		608,548.20		3		0.12		202,849.40		7.600		359		660		77.54
New York		24,631,310.01		60		4.74		410,521.83		7.730		353		694		73.29
North Carolina		3,597,863.42		26		0.69		138,379.36		7.595		338		680		83.70
Ohio		2,596,725.68		23		0.50		112,901.12		7.298		325		673		80.24
Oklahoma		185,297.34		2		0.04		92,648.67		9.626		315		647		84.97
Oregon		2,518,866.01		15		0.48		167,924.40		7.614		347		679		74.08
Pennsylvania		3,535,296.09		20		0.68		176,764.80		7.825		337		680		81.53
Rhode Island		490,793.57		5		0.09		98,158.71		7.921		301		633		66.54
South Carolina		3,643,922.64		18		0.70		202,440.15		7.001		338		713		74.56
Tennessee		1,830,330.16		14		0.35		130,737.87		7.559		349		689		80.99
Texas		6,870,683.12		50		1.32		137,413.66		7.902		328		666		81.93
Utah		2,925,538.09		21		0.56		139,311.34		7.377		342		705		80.30
Virginia		27,012,246.09		95		5.19		284,339.43		7.503		351		687		79.16
Washington		6,371,500.42		34		1.23		187,397.07		7.278		346		696		79.44
West Virginia		75,995.48		1		0.01		75,995.48		9.750		317		637		95.00
Wisconsin		940,937.37		3		0.18		313,645.79		7.067		318		637		71.30
Wyoming		121,911.70		1		0.02		121,911.70		7.625		359		700		80.00
Total:		520,051,841.55		2,080		100.00		250,024.92		7.450		347		691		76.59

No more than approximately 0.81% of the Group 1-A-2 Loans (by aggregate outstanding principal balance as of the Cut-off Date) are secured by mortgaged properties located in any one zip code.

Debt-to-Income Ratio

Range of Debt-to-Income Ratio (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
0.00 — 5.00		104,602,046.71		466		20.11		224,467.91		7.581		338		694		78.11
5.01 - 10.00		1,706,612.11		7		0.33		243,801.73		7.039		336		694		73.09
10.01 - 15.00		3,628,965.77		12		0.70		302,413.81		6.989		348		705		69.58
15.01 - 20.00		5,361,290.65		29		1.03		184,872.09		7.224		336		714		62.11
20.01 - 25.00		11,187,214.91		55		2.15		203,403.91		7.324		349		702		72.05
25.01 - 30.00		30,105,786.93		119		5.79		252,989.81		7.312		350		695		72.78
30.01 - 35.00		70,618,395.85		261		13.58		270,568.57		7.250		350		698		73.46
35.01 - 40.00		75,989,293.17		301		14.61		252,456.12		7.412		346		693		77.07
40.01 - 45.00		104,903,151.78		400		20.17		262,257.88		7.446		350		684		77.24
45.01 - 50.00		107,614,666.15		411		20.69		261,836.17		7.569		348		685		78.77
50.01 - 55.00		2,659,469.56		13		0.51		204,574.58		7.512		327		688		74.66
55.01 or Greater		1,674,947.96		6		0.32		279,157.99		7.238		343		689		78.20
Total:		520,051,841.55		2,080		100.00		250,024.92		7.450		347		691		76.59

As of the Cut-off Date, the non-zero, weighted average debt-to-income ratio of the Group 1-A-2 Loans was approximately 39.28% per annum.

Prepayment Penalty

Prepayment Penalty Term	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
1 Year		4,833,993.78		17		0.93		284,352.58		7.678		353		695		74.52
2 Year		173,328,202.18		590		33.33		293,776.61		7.289		351		696		75.95
3 Year		86,802,968.91		379		16.69		229,031.58		7.411		349		677		78.46
5 Year		100,342,241.00		377		19.29		266,159.79		7.293		351		690		75.23
6 Months		51,440,159.96		233		9.89		220,773.22		7.311		332		694		75.31
No Prepay		103,304,275.72		484		19.86		213,438.59		7.962		338		695		78.15
Total:		520,051,841.55		2,080		100.00		250,024.92		7.450		347		691		76.59

Months Remaining to Scheduled Maturity

Range of Months	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
121 - 180		19,409,836.90		227		3.73		85,505.89		10.180		172		694		90.10
181 - 240		521,441.19		4		0.10		130,360.30		7.945		238		670		76.30
241 - 360		500,120,563.46		1,849		96.17		270,481.65		7.343		353		691		76.07
Total:		520,051,841.55		2,080		100.00		250,024.92		7.450		347		691		76.59

As of the Cut-off Date, the weighted average months remaining to scheduled maturity of the Group 1-A-2 Loans was approximately 347 months.

Credit Scores

Range of Credit Scores	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
N/A		510,727.13		9		0.10		56,747.46		9.806		196		0		94.81
541 - 560		881,991.80		3		0.17		293,997.27		10.755		359		550		73.38
561 - 580		880,813.93		5		0.17		176,162.79		8.630		359		575		72.09
581 - 600		7,503,745.62		39		1.44		192,403.73		7.324		351		591		78.55
601 - 620		15,550,689.29		64		2.99		242,979.52		7.942		352		612		71.39
621 - 640		52,444,677.28		221		10.08		237,306.23		7.783		346		631		76.80
641 - 660		77,471,075.90		312		14.90		248,304.73		7.657		346		650		76.25
661 - 680		72,325,482.21		309		13.91		234,063.05		7.706		344		671		78.75
681 - 700		81,987,236.81		316		15.77		259,453.28		7.376		349		690		77.97
701 - 720		60,939,894.37		246		11.72		247,723.15		7.293		350		710		77.52
721 - 740		58,299,674.78		214		11.21		272,428.39		7.216		346		730		75.85
741 - 760		43,039,004.22		161		8.28		267,323.01		7.079		347		750		75.50
761 - 780		29,457,181.17		105		5.66		280,544.58		7.079		342		770		73.63
781 - 800		15,250,923.27		59		2.93		258,490.22		6.997		342		788		73.85
801 or Greater		3,508,723.77		17		0.67		206,395.52		7.161		346		808		68.55
Total:		520,051,841.55		2,080		100.00		250,024.92		7.450		347		691		76.59

As of the Cut-off Date, the weighted average credit score of the Group 1-A-2 Loans for which credit scores are available was approximately 691.

Range of Months to Roll

Number of Months	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
N/A		182,194,544.78		862		35.03		211,362.58		7.816		335		689		75.52
1 - 12		78,630,732.43		308		15.12		255,294.59		7.070		335		700		77.28
13 - 18		11,475,830.28		53		2.21		216,525.10		6.903		354		627		80.97
19 - 24		58,081,804.29		236		11.17		246,109.34		7.414		356		687		77.35
25 - 31		6,635,164.42		24		1.28		276,465.18		7.653		359		697		79.11
32 - 49		29,139,336.43		90		5.60		323,770.40		7.294		358		694		78.22
50 - 55		1,463,554.61		6		0.28		243,925.77		6.798		353		720		75.47
56 - 79		138,284,918.05		464		26.59		298,027.84		7.326		360		694		76.73
80 +		14,145,956.26		37		2.72		382,323.14		6.939		360		702		74.13
Total:		520,051,841.55		2,080		100.00		250,024.92		7.450		347		691		76.59

As of the Cut-off Date, the weighted average months to roll of the Group 1-A-2 Loans was approximately 37 months.

Loan Purposes

Loan Purpose	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
Refinance Cash Out		156,598,594.34		582		30.11		269,069.75		7.354		349		680		71.42
Purchase		326,658,388.01		1,350		62.81		241,969.18		7.532		346		696		79.54
Refinance Rate Term		36,794,859.20		148		7.08		248,613.91		7.125		342		698		72.38
Total:		520,051,841.55		2,080		100.00		250,024.92		7.450		347		691		76.59

Loan Group 2

The Group 2 Loans had an aggregate principal balance as of the Cut-off Date of approximately $260,521,096, after application of scheduled payments due on or before the Cut-off Date, whether or not received. All of the Group 2 Loans are secured by first liens on the related mortgaged property.

The average principal balance of the Group 2 Loans at origination was approximately $948,814. No Group 2 Loan had a principal balance at origination of greater than approximately $7,200,000 or less than approximately $90,000. The average principal balance of the Group 2 Loans as of the Cut-off Date was approximately $947,349. No Group 2 Loan had a principal balance as of the Cut-off Date of greater than $7,178,929 or less than approximately $89,856.

As of the Cut-off Date, the Group 2 Loans had mortgage rates ranging from approximately 5.875% per annum to approximately 8.750% per annum and the weighted average mortgage rate was approximately 6.528% per annum. The weighted average remaining term to stated maturity of the Group 2 Loans was approximately 358 months as of the Cut-off Date. None of the Group 2 Loans will have a first Due Date prior to November 1, 2005, or after May 1, 2006, or will have a remaining term to maturity of less than 299 months or greater than 360 months as of the Cut-off Date. The latest maturity date of any Group 2 Loan is April 1, 2036.

Approximately 6.68% and 9.32% of the Group 2 Loans have initial interest only periods of three and five years, respectively.

The loan-to-value ratio of a mortgage loan secured by a first lien is equal to the ratio, expressed as a percentage, of the principal amount of the loan at origination, to the lesser of the appraised value of the related mortgaged property at the time of origination and the sales price. At origination, the weighted average of the loan-to-value ratios of the Group 2 Loans was approximately 67.51%. At origination, no loan-to-value ratio of any Group 2 Loan was greater than approximately 80.00% or less than approximately 16.25%.

None of the Group 2 Loans are buydown mortgage loans.

None of the Group 2 Loans will be subject to the Home Ownership and Equity Protection Act of 1994 or any comparable state law.

All of the Group 2 Loans provide for prepayment charges.

The Group 2 Loans had debt service coverage ratios as of the Cut-off Date of at least 0.97x but not more than 4.59x, with a weighted average debt service coverage ratio of approximately 1.22x. The Group 2 Loans had occupancy rates, determined as of the most recent date information was available, ranging from approximately 60.00% to approximately 100.00%, with a weighted average occupancy rate at origination of approximately 96.41%.

All of the Group 2 Loans will accrue interest on an actual number of days in the prior calendar month and a year consisting of 360 days. As a result, the portion of the scheduled monthly payment in respect of interest received on the Group 2 Loans will be greater if the prior calendar month has 31 days, and will be reduced if the prior calendar month is February. However, all of the Group 2 Loans will be treated as if they paid interest on a 360 day year consisting of twelve 30 day months.

None of the Group 2 Loans are cross collateralized with other multifamily loans. None of the Group 2 Loans involve borrowers that are bankruptcy remote special purpose entities. As a result, defaults and losses could occur for reasons unrelated to the financial condition or operation of the related mortgaged property.

See “The Mortgage Pool — Multifamily Loans” in this free writing prospectus for additional information about the multifamily loans. See “Pooling and Servicing Agreement — Servicing of Multifamily Loans” in this free writing prospectus for a discussion of the servicing of multifamily loans.

Set forth below is a description of certain additional characteristics of the Group 2 Loans as of the Cut-off Date, except as otherwise indicated. All percentages of the Group 2 Loans are approximate percentages by aggregate principal balance as of the Cut-off Date, except as otherwise indicated. Dollar amounts and percentages may not add up to totals due to rounding.

Mortgage Loan Programs(1)

Loan Programs	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
10/20 LIB6M		128,303,618.27		109		49.25		1,177,097.42		6.245		358		747		66.56
3/27 LIB6M		35,185,872.27		63		13.51		558,505.91		7.061		358		730		69.49
3/27 LIB6M - IO		7,535,500.00		6		2.89		1,255,916.67		6.344		358		725		72.16
5/25 LIB6M		39,756,327.72		53		15.26		750,119.39		6.909		358		728		70.43
5/25 LIB6M - IO		24,290,423.64		19		9.32		1,278,443.35		6.581		358		732		66.31
7/23 LIB6M		10,505,488.03		16		4.03		656,593.00		7.031		358		721		69.03
10/20 MTA12M		1,587,015.84		2		0.61		793,507.92		6.59		359		701		40.37
3/27 MTA12M		10,774,570.13		5		4.14		2,154,914.03		6.373		358		729		64.06
5/25 MTA12M		1,929,197.80		1		0.74		1,929,197.80		6		357		734		67.19
7/23 MTA12M		653,082.35		1		0.25		653,082.35		6.125		357		776		57.71
Total:		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

____________

(1) A mortgage loan with a loan program of “10/20 LIB 6M” has a term of 30 years, the first ten of which consist of a fixed rate period, and thereafter the mortgage rate adjusts semi-annually based on the value of Six-Month LIBOR. A mortgage loan with a loan program including the term “3/27 LIB 6M” has a term of 30 years, the first three of which consist of a fixed rate period, and thereafter the mortgage rate adjusts semi-annually based on the value of Six-Month LIBOR. A mortgage loan with a loan program including the term “5/25 LIB 6M” has a term of 30 years, the first five of which consist of a fixed rate period, and thereafter the mortgage rate adjusts semi-annually based on the value of Six-Month LIBOR. A mortgage loan with a loan program including the term “7/23 LIB 6M” has a term of 30 years, the first seven of which consist of a fixed rate period, and thereafter the mortgage rate adjusts semi-annually based on the value of Six-Month LIBOR. A mortgage loan with a loan program of “10/20 MTA12M” has a term of 30 years, the first ten of which consist of a fixed rate period, and thereafter the mortgage rate adjusts annually based on the value of CMT. A mortgage loan with a loan program of “3/27 MTA12M” has a term of 30 years, the first three of which consist of a fixed rate period, and thereafter the mortgage rate adjusts annually based on the value of CMT. A mortgage loan with a loan program of “5/25 MTA12M” has a term of 30 years, the first five of which consist of a fixed rate period, and thereafter the mortgage rate adjusts annually based on the value of CMT. A mortgage loan with a loan program of “7/23 MTA12M” has a term of 30 years, the first seven of which consist of a fixed rate period, and thereafter the mortgage rate adjusts annually based on the value of CMT. Any mortgage loan with a loan program including the term “IO” has an interest only period.

Principal Balances as of Origination

Range of Mortgage Loan Principal Balances	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
0.01 - 250,000.00		3,606,211.91		20		1.38		180,310.60		7.671		358		747		66.87
250,000.01 - 300,000.00		3,338,131.84		12		1.28		278,177.65		7.628		358		759		65.06
300,000.01 - 350,000.00		6,491,966.16		20		2.49		324,598.31		7.493		358		734		69.64
350,000.01 - 400,000.00		6,039,531.63		16		2.32		377,470.73		7.289		358		742		67.18
400,000.01 - 450,000.00		7,239,902.81		17		2.78		425,876.64		7.371		358		740		70.75
450,000.01 - 500,000.00		10,271,702.12		21		3.94		489,128.67		6.865		358		715		57.46
500,000.01 - 550,000.00		8,448,353.45		16		3.24		528,022.09		6.664		358		726		60.38
550,000.01 - 600,000.00		6,844,210.43		12		2.63		570,350.87		6.649		358		715		65.78
600,000.01 - 650,000.00		6,287,816.70		10		2.41		628,781.67		6.724		358		730		66.01
650,000.01 - 700,000.00		7,562,763.55		11		2.90		687,523.96		6.331		353		746		64.05
700,000.01 - 750,000.00		7,964,868.99		11		3.06		724,079.00		6.845		358		744		66.25
750,000.01 - 800,000.00		4,691,138.43		6		1.80		781,856.41		6.77		359		754		70.40
800,000.01 - 850,000.00		2,465,718.53		3		0.95		821,906.18		6.622		358		762		74.78
850,000.01 - 900,000.00		13,153,294.17		15		5.05		876,886.28		6.587		358		725		67.87
900,000.01 - 950,000.00		5,521,167.63		6		2.12		920,194.61		6.474		358		697		67.27
950,000.01 - 1,000,000.00		7,896,656.63		8		3.03		987,082.08		6.719		358		724		59.63
1,000,000.01 - 1,050,000.00		5,093,217.04		5		1.96		1,018,643.41		6.343		359		758		71.00
1,050,000.01 - 1,150,000.00		7,822,184.08		7		3.00		1,117,454.87		6.375		358		751		71.15
1,150,000.01 - 1,200,000.00		1,196,810.36		1		0.46		1,196,810.36		6.625		357		751		80.00
1,200,000.01 - 1,300,000.00		8,742,676.12		7		3.36		1,248,953.73		6.449		358		712		61.64
1,300,000.01 - 1,400,000.00		6,651,934.49		5		2.55		1,330,386.90		6.667		358		725		65.93
1,400,000.01 - 1,450,000.00		5,666,267.05		4		2.17		1,416,566.76		5.994		358		733		66.69
1,450,000.01 - 1,750,000.00		11,067,262.37		7		4.25		1,581,037.48		6.287		358		729		70.76
1,750,000.01 - 1,800,000.00		5,357,191.43		3		2.06		1,785,730.48		5.942		358		743		68.97
1,800,000.01 +		101,100,118.13		32		38.81		3,159,378.69		6.277		358		746		69.33
Total:		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

As of origination, the average principal balance of the Group 2 Loans was approximately $948,814.

Principal Balances as of the Cut-offDate

Range of Mortgage Loan Principal Balances	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
0.01 - 250,000.00		3,606,211.91		20		1.38		180,310.60		7.671		358		747		66.87
250,000.01 - 300,000.00		3,338,131.84		12		1.28		278,177.65		7.628		358		759		65.06
300,000.01 - 350,000.00		6,491,966.16		20		2.49		324,598.31		7.493		358		734		69.64
350,000.01- 400,000.00		6,039,531.63		16		2.32		377,470.73		7.289		358		742		67.18
400,000.01 - 450,000.00		7,239,902.81		17		2.78		425,876.64		7.371		358		740		70.75
450,000.01 - 500,000.00		10,271,702.12		21		3.94		489,128.67		6.865		358		715		57.46
500,000.01 - 550,000.00		8,997,761.24		17		3.45		529,280.07		6.685		358		729		61.58
550,000.01 - 600,000.00		6,294,802.64		11		2.42		572,254.79		6.618		358		709		64.54
600,000.01 - 650,000.00		6,287,816.70		10		2.41		628,781.67		6.724		358		730		66.01
650,000.01 - 700,000.00		7,562,763.55		11		2.90		687,523.96		6.331		353		746		64.05
700,000.01 - 750,000.00		7,964,868.99		11		3.06		724,079.00		6.845		358		744		66.25
750,000.01 - 800,000.00		4,691,138.43		6		1.80		781,856.41		6.77		359		754		70.40
800,000.01 - 850,000.00		2,465,718.53		3		0.95		821,906.18		6.622		358		762		74.78
850,000.01 - 900,000.00		13,153,294.17		15		5.05		876,886.28		6.587		358		725		67.87
900,000.01 - 950,000.00		5,521,167.63		6		2.12		920,194.61		6.474		358		697		67.27
950,000.01 - 1,000,000.00		7,896,656.63		8		3.03		987,082.08		6.719		358		724		59.63
1,000,000.01- 1,050,000.00		5,093,217.04		5		1.96		1,018,643.41		6.343		359		758		71.00
1,050,000.01- 1,150,000.00		7,822,184.08		7		3.00		1,117,454.87		6.375		358		751		71.15
1,150,000.01- 1,200,000.00		1,196,810.36		1		0.46		1,196,810.36		6.625		357		751		80.00
1,200,000.01- 1,300,000.00		8,742,676.12		7		3.36		1,248,953.73		6.449		358		712		61.64
1,300,000.01- 1,400,000.00		8,048,593.58		6		3.09		1,341,432.26		6.543		358		726		65.54
1,400,000.01- 1,450,000.00		4,269,607.96		3		1.64		1,423,202.65		6.009		358		734		67.68
1,450,000.01- 1,750,000.00		11,067,262.37		7		4.25		1,581,037.48		6.287		358		729		70.76
1,750,000.01- 1,800,000.00		5,357,191.43		3		2.06		1,785,730.48		5.942		358		743		68.97
1,800,000.01 +		101,100,118.13		32		38.81		3,159,378.69		6.277		358		746		69.33
Total:		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

As of the Cut-off Date, the average current principal balance of the Group 2 Loans was approximately $947,349.

Mortgage Rates

State	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
5.500 - 5.999		21,003,227.64		24		8.06		875,134.49		5.944		357		733		63.62
6.000 - 6.499		132,844,969.23		82		50.99		1,620,060.60		6.177		358		743		66.43
6.500 - 6.999		49,960,965.47		46		19.18		1,086,107.95		6.679		359		725		71.21
7.000 - 7.499		32,942,025.65		61		12.64		540,033.21		7.194		358		739		67.85
7.500 - 7.999		18,586,487.36		47		7.13		395,457.18		7.652		358		738		66.88
8.000 - 8.499		4,599,420.70		13		1.77		353,801.59		8.092		359		727		74.65
8.500 - 8.999		584,000.00		2		0.22		292,000.00		8.683		360		729		80.00
Total:		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

As of the Cut-off Date, the weighted average mortgage rate of the Group 2 Loans was approximately 6.528% per annum.

Next Adjustment Date

Next Adjustment Date	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
November 2008		3,725,057.06		9		1.43		413,895.23		7.032		356		731		67.77
December 2008		17,962,573.54		21		6.89		855,360.64		6.631		357		723		72.05
January 2009		18,562,155.96		23		7.13		807,050.26		6.731		358		734		66.21
February 2009		5,315,655.84		8		2.04		664,456.98		6.892		359		711		67.41
March 2009		7,070,500.00		12		2.71		589,208.33		7.416		360		734		68.06
April 2009		860,000.00		1		0.33		860,000.00		6.55		360		792		74.14
October 2010		1,955,407.89		2		0.75		977,703.95		6.937		355		677		67.73
November 2010		7,734,323.68		10		2.97		773,432.37		6.561		356		746		74.79
December 2010		11,656,028.59		11		4.47		1,059,638.96		6.314		357		730		59.81
January 2011		13,616,876.48		21		5.23		648,422.69		7.133		358		719		67.51
February 2011		17,428,812.52		15		6.69		1,161,920.83		6.77		359		728		73.67
March 2011		13,584,500.00		14		5.21		970,321.43		6.851		360		742		68.39
November 2012		315,504.68		1		0.12		315,504.68		7.25		356		722		58.62
December 2012		3,732,337.79		4		1.43		933,084.45		6.268		357		696		65.99
January 2013		1,532,551.40		2		0.59		766,275.70		7.395		358		776		78.72
February 2013		3,241,176.51		5		1.24		648,235.30		7.328		359		733		68.69
March 2013		2,337,000.00		5		0.90		467,400.00		7.317		360		724		66.25
November 2015		9,172,965.77		7		3.52		1,310,423.68		6.229		356		755		77.15
December 2015		41,491,956.79		40		15.93		1,037,298.92		6.184		357		737		66.53
January 2016		14,792,069.19		14		5.68		1,056,576.37		6.335		358		759		61.75
February 2016		42,195,392.36		30		16.20		1,406,513.08		6.256		358		749		65.74
March 2016		21,589,750.00		19		8.29		1,136,302.63		6.305		360		748		65.17
April 2016		648,500.00		1		0.25		648,500.00		6.375		360		680		64.85
Total:		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

As of the Cut-off Date, the weighted average remaining months to the next adjustment date of the Group 2 Loans was approximately 84 months.

Gross Margin

Range of Gross Margins (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
2.250 - 2.499		14,634,228.72		10		5.62		1,463,422.87		6.268		357		737		61.08
2.500 - 2.749		84,194,318.42		68		32.32		1,238,151.74		6.501		358		724		71.46
2.750 - 2.999		108,848,260.24		80		41.78		1,360,603.25		6.148		358		749		65.56
3.000 - 3.249		44,508,257.19		99		17.08		449,578.36		7.39		358		745		66.76
3.250 - 3.499		6,836,935.75		15		2.62		455,795.72		7.53		358		690		66.87
3.500 - 3.749		1,499,095.73		3		0.58		499,698.58		7.865		355		658		74.20
Total:		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

As of the Cut-off Date, the weighted average Gross Margin of the Group 2 Loans was approximately 2.716% per annum.

Maximum Mortgage Rate

Range of Maximum Mortgage Rates (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
11.500 - 11.999		21,003,227.64		24		8.06		875,134.49		5.944		357		733		63.62
12.000 - 12.499		132,844,969.23		82		50.99		1,620,060.60		6.177		358		743		66.43
12.500 - 12.999		49,960,965.47		46		19.18		1,086,107.95		6.679		359		725		71.21
13.000 - 13.499		32,942,025.65		61		12.64		540,033.21		7.194		358		739		67.85
13.500 - 13.999		18,586,487.36		47		7.13		395,457.18		7.652		358		738		66.88
14.000 - 14.499		4,599,420.70		13		1.77		353,801.59		8.092		359		727		74.65
14.500 - 14.999		584,000.00		2		0.22		292,000.00		8.683		360		729		80.00
Total:		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

As of the Cut-off Date, the weighted average Maximum Mortgage Rate of the Group 2 Loans was approximately 12.525% per annum.

Initial Fixed-Rate Period

Initial Fixed Period	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
36		53,495,942.40		74		20.53		722,918.14		6.822		358		729		68.77
60		65,975,949.16		73		25.32		903,780.13		6.762		358		730		68.82
84		11,158,570.38		17		4.28		656,386.49		6.978		358		724		68.37
120		129,890,634.11		111		49.86		1,170,185.89		6.249		358		746		66.24
Total:		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

Initial Rate Cap

Initial Cap (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
3.000		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51
Total:		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

Subsequent Rate Cap

Subsequent Cap (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
1.000		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51
Total:		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

Original Loan-to-Value Ratios

Range of Loan to Value Ratios (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
15.01 - 20.00		809,166.63		3		0.31		269,722.21		6.576		359		723		17.46
20.01 - 25.00		1,497,308.86		2		0.57		748,654.43		6.292		358		785		22.90
30.01 - 35.00		1,029,144.79		3		0.40		343,048.26		7.427		359		697		32.98
35.01 - 40.00		3,825,187.77		6		1.47		637,531.30		6.914		359		736		37.34
40.01 - 45.00		827,421.13		2		0.32		413,710.57		6.978		359		764		40.89
45.01 - 50.00		8,834,549.37		12		3.39		736,212.45		6.484		358		722		47.84
50.01 - 55.00		11,092,033.38		16		4.26		693,252.09		6.462		355		732		51.82
55.01 - 60.00		35,407,793.62		30		13.59		1,180,259.79		6.264		358		758		57.86
60.01 - 65.00		35,984,717.67		32		13.81		1,124,522.43		6.346		358		740		62.77
65.01 - 70.00		38,375,433.18		47		14.73		816,498.58		6.628		358		728		67.94
70.01 - 75.00		52,504,403.74		51		20.15		1,029,498.11		6.597		358		736		73.46
75.01 - 80.00		70,333,935.91		71		27.00		990,618.82		6.627		358		735		79.03
Total:		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

The minimum and maximum loan-to-value ratios of the Group 2 Loans at origination were approximately 16.25% and 80.00%, respectively, and the weighted average of the loan-to-value ratios of the Group 2 Loans at origination was approximately 67.51%.

Occupancy Types

Occupancy	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
Investor		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51
Total:		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

Occupancy type is based on the representation of the borrower at the time of origination.

Mortgage Loan Program and Documentation Type

Document Type	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
Progressive Express Program (No Documentation)		1,039,028.05		4		0.40		259,757.01		7.423		358		745		51.22
Progressive Series Program (Full Documentation)		213,565,083.02		166		81.98		1,286,536.64		6.316		358		738		67.57
Progressive Series Program (Stated Income/Stated Assets)		1,717,135.05		3		0.66		572,378.35		7.25		359		726		47.96
Progressive Series Program (Stated Documentation)		44,199,849.93		102		16.97		433,331.86		7.502		358		738		68.36
Total		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

See “—Underwriting Criteria” below for a detailed description of the Sponsor’s loan programs and documentation requirements.

Risk Categories

Credit Grade Category	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
A1		253,824,554.89		260		97.43		976,248.29		6.498		358		739		67.45
B1		5,197,445.43		12		2.00		433,120.45		7.595		358		686		68.26
C1		1,499,095.73		3		0.58		499,698.58		7.865		355		658		74.20
Total		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

_________________

(1) All of these Group 2 Loans were reviewed and placed into risk categories based on the credit standards of the Progressive Series Program. Credit grades of A, B and C correspond to Progressive Series I+, I and II, III and III+ and V, respectively.

See “—Underwriting Criteria” below for a description of the Sponsor’s risk categories.

Property Types

Property Type	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
Multi-Family Residence		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51
Total:		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

Geographic Distribution of Mortgaged Properties

State	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
Alabama		1,945,705.25		3		0.75		648,568.42		6.774		358		723		58.52
Alaska		446,250.00		1		0.17		446,250.00		8		360		751		75.00
Arizona		9,693,559.27		12		3.72		807,796.61		6.876		358		724		67.45
California		121,975,698.71		107		46.82		1,139,959.80		6.363		358		742		61.32
Connecticut		4,105,474.72		3		1.58		1,368,491.57		6.349		358		753		79.57
District of Columbia		430,959.14		1		0.17		430,959.14		7.125		357		741		80.00
Florida		6,084,360.91		9		2.34		676,040.10		6.563		351		720		69.10
Idaho		1,858,141.95		2		0.71		929,070.98		6.552		358		702		75.41
Illinois		1,661,375.65		3		0.64		553,791.88		7.932		357		689		72.76
Indiana		1,223,412.32		1		0.47		1,223,412.32		6.25		359		785		65.34
Iowa		2,474,747.77		1		0.95		2,474,747.77		6.125		358		755		80.00
Kentucky		5,237,862.86		2		2.01		2,618,931.43		6.738		360		691		75.36
Maine		2,908,810.36		3		1.12		969,603.45		6.576		359		748		80.00
Maryland		1,097,679.23		2		0.42		548,839.62		7.593		358		744		78.90
Massachusetts		5,806,680.47		6		2.23		967,780.08		6.77		358		761		78.97
Michigan		1,247,334.06		2		0.48		623,667.03		6.32		358		707		66.41
Minnesota		7,641,466.59		11		2.93		694,678.78		6.525		359		748		75.55
Missouri		764,565.16		2		0.29		382,282.58		7.761		359		727		75.76
Nevada		4,286,376.96		5		1.65		857,275.39		6.968		359		745		69.60
New Hampshire		1,242,485.37		2		0.48		621,242.69		6.419		358		758		70.15
New Jersey		374,222.42		1		0.14		374,222.42		7.875		357		704		60.49
New Mexico		15,597,465.09		12		5.99		1,299,788.76		6.358		358		752		74.87
New York		3,082,375.00		6		1.18		513,729.17		6.637		357		727		75.01
North Carolina		814,750.00		2		0.31		407,375.00		6.937		360		790		76.13
Ohio		9,572,719.23		12		3.67		797,726.60		6.774		358		743		71.83
Oklahoma		1,016,379.86		2		0.39		508,189.93		6.642		358		780		70.75
Oregon		3,036,817.52		6		1.17		506,136.25		6.529		357		720		67.33
Pennsylvania		3,766,305.28		5		1.45		753,261.06		7.074		359		674		70.73
Rhode Island		1,601,808.43		3		0.61		533,936.14		6.639		358		734		67.96
South Carolina		1,228,000.00		2		0.47		614,000.00		6.887		360		710		80.00
Tennessee		5,972,080.82		9		2.29		663,564.54		6.836		358		747		75.36
Texas		14,540,273.25		23		5.58		632,185.79		6.74		358		739		74.77
Utah		3,582,283.25		5		1.38		716,456.65		6.609		359		710		71.21
Washington		14,202,669.15		9		5.45		1,578,074.35		6.501		359		717		70.10
TOTAL		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

No more than approximately 8.37% of the Group 2 Loans (by aggregate outstanding principal balance as of the Cut-off Date) are secured by mortgaged properties located in any one zip code.

Debt-to-Income Ratio

Range of Debt-to-Income Ratio (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
0.00 - 5.00		256,619,782.33		273		98.50		939,999.20		6.533		358		737		67.41
10.01 - 15.00		895,263.49		1		0.34		895,263.49		6.25		357		664		70.04
20.01 - 25.00		3,006,050.23		1		1.15		3,006,050.23		6.125		359		801		74.99
Total:		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

As of the Cut-off Date, the non-zero weighted average debt-to-income ratio of the Group 2 Loans was approximately 19.91% per annum.

Prepayment Penalty

Prepayment Penalty Term	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
10 Years		130,039,371.16		112		49.92		1,161,065.81		6.25		358		746		66.25
3 Years		53,347,205.35		73		20.48		730,783.63		6.821		358		729		68.77
5 Years		65,975,949.16		73		25.32		903,780.13		6.762		358		730		68.82
7 Years		11,158,570.38		17		4.28		656,386.49		6.978		358		724		68.37
Total:		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

Months Remaining to Scheduled Maturity

Range of Months	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
241 - 360		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51
Total:		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

As of the Cut-off Date, the weighted average months remaining to scheduled maturity of the Group 2 Loans was approximately 358 months.

Credit Scores

Range of Credit Scores	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
561 - 580		1,298,272.51		1		0.50		1,298,272.51		6		359		571		52.00
601 - 620		1,137,862.86		1		0.44		1,137,862.86		6.875		358		620		60.00
621 - 640		1,876,558.68		3		0.72		625,519.56		6.744		358		625		55.30
641 - 660		6,243,657.01		5		2.40		1,248,731.40		6.797		358		653		68.73
661 - 680		13,344,955.50		18		5.12		741,386.42		6.726		358		672		63.94
681 - 700		32,256,890.25		28		12.38		1,152,031.79		6.464		357		693		71.32
701 - 720		36,122,406.46		37		13.87		976,281.26		6.683		359		712		70.67
721 - 740		44,727,615.03		57		17.17		784,695.00		6.363		358		731		64.64
741 - 760		38,198,685.37		37		14.66		1,032,396.90		6.592		358		750		70.19
761 - 780		29,643,225.82		45		11.38		658,738.35		6.86		358		770		71.35
781 - 800		46,928,006.23		36		18.01		1,303,555.73		6.298		358		793		63.59
801 +		8,742,960.33		7		3.36		1,248,994.33		6.275		359		809		61.76
Total:		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

As of the Cut-off Date, the weighted average credit score of the Group 2 Loans for which credit scores are available was approximately 738.

Range of Months to Roll

Number of Months	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
32 - 49		53,495,942.40		74		20.53		722,918.14		6.822		358		729		68.77
50 - 55		1,955,407.89		2		0.75		977,703.95		6.937		355		677		67.73
56 - 79		64,020,541.27		71		24.57		901,697.76		6.756		358		732		68.85
80 +		141,049,204.49		128		54.14		1,101,946.91		6.306		358		745		66.41
Total:		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

As of the Cut-off Date, the weighted average months to roll of the Group 2 Loans was approximately 84 months.

Debt Service Coverage Ratios

Range of Debt Service Coverage Ratios	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
Less than 1.14		58,110,354.73		71		22.31		818,455.70		6.798		358		758		65.69
1.14 - 1.19		66,534,289.96		49		25.54		1,357,842.65		6.403		358		735		71.00
1.20 - 1.21		48,799,886.69		49		18.73		995,916.05		6.214		358		731		67.33
1.22 - 1.24		23,058,726.35		17		8.85		1,356,395.67		6.316		356		728		69.61
1.25 - 1.29		13,681,578.09		23		5.25		594,851.22		6.874		359		730		67.46
1.30 - 1.49		37,350,441.03		41		14.34		910,986.37		6.66		358		723		67.71
1.50 — 2.08		9,869,418.65		17		3.79		580,554.04		6.847		359		743		61.94
Greater than 2.09		3,116,400.55		8		1.20		389,550.07		6.503		359		765		29.35
Total/Average/Weighted Average		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

As of the Cut-off Date, the weighted average debt service coverage ratio of the Group 2 Loans was approximately 1.22x.

Current Occupancy Rates

Range of Current Occupancy Rates (%)	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
60.00 - 69.99		477,886.11		2		0.18		238,943.06		7.856		358		712		63.11
70.00 - 79.99		2,088,624.83		4		0.80		522,156.21		7.47		358		758		72.98
80.00 - 89.99		9,436,389.46		19		3.62		496,652.08		7.003		358		737		65.31
90.00 - 99.99		133,831,994.74		88		51.37		1,520,818.12		6.412		358		739		70.04
Greater than 100.00		114,686,200.91		162		44.02		707,939.51		6.6		358		736		64.65
Total/Average/Weighted Average		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

As of the Cut-off Date, the weighted average current occupancy rate of the Group 2 Loans was approximately 96.41%.

Number of Units

Range of Number of Units	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
5 - 9		29501375.78		74		11.32		398667.24		7.095		358		738		63.59
10 - 14		35008006.62		68		13.44		514823.63		6.821		358		718		63.15
15 - 24		62784948.22		65		24.10		965922.28		6.528		358		747		67.93
25 - 49		57253750.13		43		21.98		1331482.56		6.357		358		735		67.68
Greater than or equal to 50		75,973,015.30		25		29.16		3,038,920.61		6.3		358		740		70.56
Total/Average/Weighted Average		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

Year Built

Range of Year Built	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
Earlier than 1953		49,749,963.16		75		19.10		663,332.84		6.69		357		726		70.76
1954 - 1970		110,431,177.18		104		42.39		1,061,838.24		6.454		358		741		64.74
1971 - 1975		24,806,572.84		23		9.52		1,078,546.65		6.53		358		742		68.08
1976 - 1980		9,749,030.33		15		3.74		649,935.36		6.572		358		755		68.87
1981 - 1985		14,800,004.48		21		5.68		704,762.12		6.808		359		738		68.26
1986 - 1990		33,473,126.45		20		12.85		1,673,656.32		6.421		358		727		70.92
1991 - 1995		7,313,568.13		8		2.81		914,196.02		6.422		359		778		64.31
Greater than 1996		10,197,653.48		9		3.91		1,133,072.61		6.498		358		738		68.96
Total/Average/Weighted Average		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

Renovated

Renovated	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
No		71,883,507.87		130		27.59		552,950.06		7.016		358		745		66.97
Yes		188,637,588.18		145		72.41		1,300,948.88		6.342		358		735		67.71
Total/Average/Weighted Average		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

Loan Purposes

Loan Purpose	Current Balance		No. of Loans		% of Total		Average Balance		Weighted Average Gross WAC		Weighted Average Remg. Term (Months)		Weighted Average Credit Score		Weighted Average Original LTV
Refinance - Cash Out		103,940,237.40		103		39.90		1,009,128.52		6.484		358		727		65.14
Purchase		145,209,801.20		161		55.74		901,924.23		6.592		358		745		70.01
Refinance - Rate Term		11,371,057.45		11		4.36		1,033,732.50		6.105		358		737		57.13
Total:		260,521,096.05		275		100.00		947,349.44		6.528		358		738		67.51

In general, in the case of a mortgage loan made for “rate and term” refinance purposes, substantially all of the proceeds are used to pay in full the principal balance of a previous mortgage loan of the mortgagor with respect to a mortgaged property and to pay origination and closing costs associated with such refinancing. Mortgage loans made for “cash-out” refinance purposes may involve the use of the proceeds to pay in full the principal balance of a previous mortgage loan and related costs except that a portion of the proceeds are generally retained by the mortgagor for uses unrelated to the mortgaged property. The amount of these proceeds retained by the mortgagor may be substantial.