-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ATdU6LiqPI74eu0i91SUX0sQvPcUMIILy2UtIH+MAEyI8IMqJykU+jQi3ue11Flz 5tiBeJswoZKjJAEGhDV4yw== 0000905148-96-000755.txt : 19961023 0000905148-96-000755.hdr.sgml : 19961023 ACCESSION NUMBER: 0000905148-96-000755 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19961018 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19961022 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: VANDERBILT MORTGAGE & FINANCE INC CENTRAL INDEX KEY: 0000816512 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 620997810 STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-80304 FILM NUMBER: 96646400 BUSINESS ADDRESS: STREET 1: 4726 AIRPORT HIGHWAY CITY: LOUISVILLE STATE: TN ZIP: 37777 BUSINESS PHONE: 6159707200 MAIL ADDRESS: STREET 1: 4726 AIRPORT HIGHWAY CITY: LOUISVILLE STATE: TN ZIP: 37777 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CLAYTON HOMES INC CENTRAL INDEX KEY: 0000719547 STANDARD INDUSTRIAL CLASSIFICATION: MOBILE HOMES [2451] IRS NUMBER: 620794407 STATE OF INCORPORATION: TN FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08824 FILM NUMBER: 96646401 BUSINESS ADDRESS: STREET 1: 623 MARKET ST CITY: KNOXVILLE STATE: TN ZIP: 37902 BUSINESS PHONE: 6159707200 MAIL ADDRESS: STREET 1: PO BOX 15169 CITY: KNOXVILLE STATE: TN ZIP: 37901 8-K 1 FORM 8-K ___________________________________________________________________________ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest Event Reported): October 18, 1996 VANDERBILT MORTGAGE AND FINANCE, INC. (as seller and servicer under the Pooling and Servicing Agreement, dated as of September 26, 1996, providing for the issuance of the Vanderbilt Mortgage and Finance, Inc., Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 1996C). CLAYTON HOMES, INC. VANDERBILT MORTGAGE AND FINANCE, INC. -------------------------------------------------------------------- (Exact name of registrant as specified in its charter) 333-14033 Tennessee 33-88238 62-0997810 - ---------------------------- ------------ ------------- (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification No.) 4726 Airport Highway Louisville, Tennessee 37777 - ---------------------- ---------- (Address of Principal (Zip Code) Executive Offices) Registrant's telephone number, including area code (423) 970-7200 ----------------- - --------------------------------------------------------------------------- (Former Address: - --------------------------------------------------------------------------- Item 5. Other Events ------------ Filing of Computational Materials.* - --------------------------------- Pursuant to Rule 424(b) under the Securities Act of 1933, subsequent to the filing of this Current Report on Form 8-K (the "Form 8-K), Vanderbilt Mortgage and Finance, Inc. and Clayton Homes, Inc. (collectively, the "Company") are filing a prospectus and prospectus supplement with the Securities and Exchange Commission relating to its Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 1996C. In connection with the offering of the Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 1996C, Prudential Securities Incorporated, as one of the underwriters of the Certificates (the "Underwriter"), has prepared certain materials (the "Computational Materials") for distribution to its potential investors. Although the Company provided the Underwriter with certain information regarding the characteristics of the Contracts in the related portfolio, it did not participate in the preparation of the Computational Materials. For purposes of this Form 8-K, Computational Materials shall mean computer generated tables and/or charts displaying, with respect to any Class or Classes of Certificates, any of the following: yield; average life; duration; expected maturity; interest rate sensitivity; loss sensitivity; cash flow characteristics; background information regarding the Contracts; the proposed structure; decrement tables; or similar information (tabular or otherwise) of a statistical, mathematical, tabular or computational nature. The Computational Materials are attached hereto as Exhibit 1. In preparation of the Computational Materials, the assumptions set forth in the Prospectus Supplement were used. _________________ * Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Prospectus dated October 18, 1996, and Prospectus Supplement dated October 18, 1996, of Vanderbilt Mortgage and Finance, Inc. and Clayton Homes, Inc. relating to Vanderbilt Mortgage and Finance, Inc. Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 1996C. Item 7. Financial Statements, Pro Forma Financial ----------------------------------------- Information and Exhibits. ------------------------ (a) Not applicable. (b) Not applicable. (c) Exhibits: 1. Computational Materials. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. VANDERBILT MORTGAGE AND FINANCE, INC. By: /s/ David R. Jordan ---------------------- Name: David R. Jordan Title: Vice President CLAYTON HOMES, INC. By: /s/ Joseph H. Stegmayer ------------------------------ Name: Joseph H. Stegmayer Title: President Dated: October 18, 1996 Exhibit Index ------------- Exhibit Page - ------- ---- 1. Computational Materials 6 Marketing Memorandum for Vanderbilt Mortgage and Finance, Inc., Manufactured Housing Contract, Senior/Subordinate Pass-Through Certificates, Series 1996C The information provided herein is provided solely by Prudential Securities Incorporated ("PSI") as underwriter for the Vanderbilt Mortgage and Finance, Series 1996C transaction, and not by or as agent for Vanderbilt Mortgage and Finance, Inc. or any of its affiliates (the "Sponsor"). The Sponsor has not prepared, reviewed or participated in the preparation hereof, is not responsible for the accuracy hereof and has not authorized the disemination hereof. The analysis in this report is accurate to the best of PSI's knowledge and is based on information provided by the Sponsor. PSI makes no representations as to the accuracy of such information provided to it by the Sponsor. All assumptions and information in this report reflect PSI's judgment as of this date and are subject to change. All analyses are based on certain assumptions noted herein and different assumptions could yield substantially different results. You are cautioned that there is no universally accepted method for analyzing financial instruments. You should review the assumptions; there may be differences between these assumptions and your actual business practices. Further, PSI does not guarantee any results and there is no guarantee as to the liquidity of the instruments involved in this analysis. The decision to adopt any strategy remains your responsibility. PSI (or any of its affiliates) or their officers, directors, analysts or employees may have positions in securities, commodities or derivative instruments thereon referred to here, and may, as principal or agent, buy or sell such securities, commodities or derivative instruments. In addition, PSI may make a market in the securities referred to herein. Neither the information nor the assumptions reflected herein shall be construed to be, or constitute, an offer to sell or buy or a solicitation of an offer to sell or buy any securities, commodities or derivative instruments mentioned herein. No sale of any securities, commodities or derivative instruments should be consumated without the purchaser first having received a prospectus and, if required, prospectus supplement. Finally, PSI has not addressed the legal, accounting and tax implications of the analysis with respect to you, and PSI strongly urges you to seek advice from your counsel, accountant and tax advisor. The Certificates are being offered pursuant to a Prospectus which includes a Prospectus Supplement (together, the "Prospectus"). The information contained herein will be superseded by the final Prospectus. Vanderbilt Mortgage and Finance, Inc., Series 1996C Title of Securities: Vanderbilt Mortgage and Finance, Inc., Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 1996C.
Class Class Class Class Class Class Class Class A1 A2 A3 A4 A5 A6 B1 B2 Amount(000): 28,800 27,300 19,100 11,800 15,481 9,938 6,833 4,969 Coupon: [1ML+__bps] Approx. Price: Yield: Spread: Avg Life: 1.051 3.051 5.052 7.060 9.767 13.766 6.869 14.389 Avg Life: 1.051 3.051 5.052 7.060 9.767 11.953 6.869 11.220 To Call 1st Prin Pymt: 11/07/96 11/07/98 12/07/00 12/07/02 11/07/04 10/07/08 11/07/01 01/07/06 Exp Mat: 11/07/98 12/07/00 12/07/02 11/07/04 10/07/08 02/07/13 01/07/06 10/07/21 To 10% Call: 11/07/98 12/07/00 12/07/02 11/07/04 10/07/08 10/07/08 01/07/06 10/07/08 Stated Mat: 03/07/02 10/07/05 11/07/08 08/07/10 06/07/13 11/07/27 09/07/10 11/07/27 Expected Settlement: [10/24/96] [10/24/96] [10/24/96] [10/24/96] [10/24/96] [10/24/96] [10/24/96] [10/24/96] Pymt Delay: 0 Days 6 Days 6 Days 6 Days 6 Days 6 Days 6 Days 6 Days Dated Date: 10/01/96 10/01/96 10/01/96 10/01/96 10/01/96 10/01/96 10/01/96 10/01/96 1st Pymt Date: [11/7/96] [11/7/96] [11/7/96] [11/7/96] [11/7/96] [11/7/96] [11/7/96] [11/7/96] Rating: Aaa Aaa Aaa Aaa Aaa Aa3 Baa2 Baa2
Pricing Date: [10/17/96] Prepayment Speed: [175% MHP] Class A1 Pass Through Rate: The Class A1 Pass Through Rate will equal the lesser of i) One Month LIBOR plus[ ____%] and ii) the weighted average gross coupon of the contracts less the 1.25% servicing fee. Credit Enhancement: Subordination: Expected subordination levels are as follows: (subject to change) Class A1-A5: AAA [17.5%] Class A6: Aa3 [ 9.5%] Class B1: Baa2 [4.0%] Corporate Guarantee: The Class B-2 Certificateholders will have the benefit of a limited guarantee of Clayton Homes, Inc. ("CHI") to protect against losses that would otherwise be absorbed by the Class B-2 Certificateholders. Servicing Fee and Excess Servicing: The servicing fee and excess servicing of the Contracts are subordinate to the Offered Certificates on a monthly basis. Such rate is calculated as follows: Gross WAC - WA Bond Coupon THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. Vanderbilt Mortgage and Finance, Inc., Series 1996B Cashflow Priority: PRICING BASE CASE CLASS B DISTRIBUTION TEST IS MET: 1) Current interest and any previously unreimbursed interest to Classes A1-A5 Certificates; 2) Senior percentage of principal payments sequentially to Classes A-1, A-2, A-3, A-4, and A-5 until such class is reduced to zero; 3) Current interest and any previously unreimbursed interest to Clas A6 Certificates; 4) Class A-6 percentage of principal payments to Class A-6 until such class is reduced to zero; 5) Current interest and any previously unreimbursed interest to Class B1 Certificates; 6) Class B percentage of principal payments to Class B1 until such class is reduced to zero; 7) Current interest and any previously unreimbursed interest to Class B2 Certificates; 8) Class B percentage of principal payments to Class B2 until such class is reduced to zero; 9) So long as Vanderbilt is the Servicer, any remainder up to the amount equal to 1/12th of the product of 1.25% and the pool scheduled principal balance to the Servicer; 10) Clayton Homes for any unreimbursed guaranteed payments with respect to Class B2; 11) any remainder to the Class R Certificates. __________________________________________________ | | | | | | | | | | | A4 | A5 | A6 | | A1 | A2 | A3 ____|________|_______|________| | | | | B1 | B2 | |_____|_____|______|_______________|_____________| 5 yrs CLASS B DISTRIBUTION TEST IS NOT MET: 1) Current interest and any previously unreimbursed interest to Classes A1-A5 Certificates; 2) 100% of principal payments sequentially to Classes A-1, A-2, A-3, A-4, and A-5 until such class is reduced to zero; 3) Current interest and any previously unreimbursed interest to Clas A6 Certificates; 4) 100% of principal payments to Class A-6 until such Class is reduced to zero; 5) Current interest and any previously unreimbursed interest to Class B1 Certificates; 6) 100% of principal payments to Class B1 until such Class is reduced to zero; 7) Current interest and any previously unreimbursed interest to Class B2 Certificates; 8) 100% of principal payments to Class B2 until such Class is reduced to zero; 9) So long as Vanderbilt is the Servicer, any remainder up to the amount equal to 1/12th of the product of 1.25% and the pool scheduled principal balance to the Servicer; 10) Clayton Homes for any unreimbursed guaranteed payments with respect to Class B2; 11) any remainder to the Class R Certificates. _____________________________________________________ | | | | | | | | | | | | | | | | | | | A1 | A2 | A3 | A4 | A5 | A6 | B1 | B2 | | | | | | | | | | |_____|_____|______|______|______|______|______|______| Class B Distribution Test: The Class B Distribution Test is met if 1) Remittance Date is on or after [Nov 2001] 2) Class B Percentage is at least [16.625%] (which is [1.75] times the original Class B Percentage) 3) Cumulative Realized Losses do not exceed [7%] for year [2001], [8%] for year [2002], and [9%] for year [2003] and beyond of the Original Principal Balance of the Contracts 4) Current Realized Loss Ratio does not exceed [2.75%] 5) Average 60 Day Delinquency Ratio does not exceed [5%] 6) Average 30 Day Delinquency Ratio does not exceed [7%] 7) Class B-2 Principal Balance must not be less than [$2,484,000] (which represents approximately [2%] of the Total Original Contract Pool Principal Balance). THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. Vanderbilt Mortgage and Finance, Inc., Series 1996B Cleanup Call: The Servicer may call the Certificates at par plus accrued interest after the remaining pool balance of the Certificates is less than 10% of its original balance. Payment Date: The 7th day of each month or, if such day is not a business day, the next succeeding business day, beginning in November, 1996. Interest Accrual: Interest will accrue from the 1st day of the preceding month until the 30th day of the preceding month for the Class A2, A3, A4, A5, A6, B1 and B2 certificates. For the Class A1 certificates, interest will accrue from the 7th day of the preceeding month until the 6th day of the current month. For the first payment date, interest will accrue from the closing date to the first Payment Date for the class A1 certificates. For the Class A1 certificates, interest is calculated using an actual/360 day count. For the remainder of the certificate classes, interest is calculated using a 30/360 day count. ERISA Considerations: The Class A1, A2, A3, A4, and A5 Certificates will be ERISA eligible. The Class A6, B1 and B2 Certificates are not ERISA eligible. However, investors should consult with their counsel with respect to the consequences under ERISA and the Code of the Plan's acquisition and ownership of such Certificates. SMMEA Considerations: The Class A1, A2, A3, A4, A5, and A6 Certificates will constitute "mortgage related securities" under the Secondary Mortgage Market Enhancement Act of 1984 "SMMEA". The Class B Certificates are not SMMEA eligible. Type of Collateral: 15-30 Year Fixed Rate Manufactured Housing Contracts Number: 4,293 Amount: $ 124,221,906.53 Avg Unpaid Balance: $ 28,935.92 Max Orig Balance: $ 124,666.49 WAC: 11.513% WAC Range: 7.750%-18.000% WAM: 182.168 WA Orig Term: 184.158 WALTV: 86.172% New: 76.57% Used: 23.43% Park: 29.42% Non-Park: 70.58% Single Wide: 51.52% Double Wide: 48.48% Prospectus: The Certificates are being offered pursuant to a Prospectus which includes a Prospectus Supplement (together, the "Prospectus")Complete information with respect to the Certificates and the Collateral is contained in the Prospectus. The foregoing is qualified in its entirety by the information appearing in the Prospectus. To the extent that the foregoing is inconsistent with the Prospectus, the Prospectus shall govern in all respects. Sales of the Certificates may not be consumated unless the purchaser has received the Prospectus. THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
CURRENT BALANCE: $28,800,000.00 DATED DATE: 10/24/96 CURRENT COUPON: 5.495% vmf6c FIRST PAYMENT: 11/07/96 FACTOR: 1.0000000000 TOTAL CLASSES: 8 ORIGINAL BALANCE: $28,800,000.00 BOND A1 DISCOUNT MARGIN ACT/360 TABLE YIELD TABLE DATE: 10/24/96 ASSUMED CONSTANT LIBOR-1M 5.3750 PRICING SPEED 175.0% 100.00% 125.00% 150.00% 200.00% 250.00% PRICE MHP MHP MHP MHP MHP MHP 99-24 36.451 29.857 32.062 34.261 38.644 43.056 99-24+ 34.920 28.739 30.806 32.867 36.976 41.111 99-25 33.390 27.622 29.551 31.474 35.309 39.167 99-25+ 31.860 26.504 28.295 30.081 33.641 37.224 99-26 30.330 25.387 27.040 28.688 31.974 35.281 99-26+ 28.801 24.270 25.785 27.296 30.308 33.339 99-27 27.272 23.153 24.531 25.904 28.642 31.397 99-27+ 25.743 22.037 23.276 24.512 26.976 29.455 99-28 24.215 20.921 22.022 23.121 25.310 27.514 99-28+ 22.687 19.805 20.769 21.729 23.645 25.573 99-29 21.159 18.689 19.515 20.339 21.981 23.633 99-29+ 19.632 17.574 18.262 18.948 20.316 21.693 99-30 18.105 16.458 17.009 17.558 18.652 19.753 99-30+ 16.578 15.343 15.756 16.168 16.989 17.814 99-31 15.052 14.229 14.504 14.778 15.325 15.876 99-31+ 13.526 13.114 13.252 13.389 13.662 13.938 100-00 12.000 12.000 12.000 12.000 12.000 12.000 100-00+ 10.475 10.886 10.748 10.611 10.338 10.063 100-01 8.950 9.772 9.497 9.223 8.676 8.126 100-01+ 7.425 8.659 8.246 7.835 7.015 6.190 100-02 5.901 7.545 6.995 6.447 5.354 4.254 100-02+ 4.377 6.432 5.745 5.060 3.693 2.318 100-03 2.853 5.320 4.495 3.672 2.033 0.383 100-03+ 1.330 4.207 3.245 2.286 0.373 -1.552 100-04 -0.193 3.095 1.995 0.899 -1.287 -3.486 100-04+ -1.716 1.983 0.746 -0.487 -2.946 -5.420 100-05 -3.238 0.871 -0.503 -1.873 -4.605 -7.353 100-05+ -4.760 -0.241 -1.752 -3.259 -6.263 -9.286 100-06 -6.281 -1.352 -3.001 -4.644 -7.921 -11.218 100-06+ -7.803 -2.463 -4.249 -6.029 -9.579 -13.150 100-07 -9.324 -3.574 -5.497 -7.414 -11.236 -15.082 100-07+ -10.844 -4.685 -6.745 -8.798 -12.893 -17.013 First Payment 0.036 0.036 0.036 0.036 0.036 0.036 Average Life 1.051 1.460 1.292 1.159 0.962 0.821 Last Payment 2.036 2.869 2.536 2.286 1.869 1.619 THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
CURRENT BALANCE: $27,300,000.00 DATED DATE: 10/01/96 COUPON: 6.420% vmf6c FIRST PAYMENT: 11/07/96 FACTOR: 1.0000000000 TOTAL CLASSES: 8 ORIGINAL BALANCE: $27,300,000.00 BOND A2 PRICE-YIELD TABLE YIELD TABLE DATE: 10/24/96 PREPAYMENT SPEED PRICING SPEED 175.0% 100.00% 125.00% 150.00% 200.00% 250.00% PRICE MHP MHP MHP MHP MHP MHP 99-24 6.560 6.547 6.551 6.555 6.564 6.573 99-24+ 6.554 6.542 6.546 6.550 6.558 6.566 99-25 6.548 6.538 6.541 6.545 6.551 6.558 99-25+ 6.542 6.534 6.536 6.539 6.545 6.551 99-26 6.536 6.529 6.531 6.534 6.539 6.544 99-26+ 6.531 6.525 6.527 6.529 6.533 6.537 99-27 6.525 6.520 6.522 6.523 6.526 6.529 99-27+ 6.519 6.516 6.517 6.518 6.520 6.522 99-28 6.513 6.511 6.512 6.513 6.514 6.515 99-28+ 6.507 6.507 6.507 6.507 6.507 6.507 99-29 6.501 6.503 6.502 6.502 6.501 6.500 99-29+ 6.496 6.498 6.497 6.496 6.495 6.493 99-30 6.490 6.494 6.492 6.491 6.488 6.486 99-30+ 6.484 6.489 6.488 6.486 6.482 6.478 99-31 6.478 6.485 6.483 6.480 6.476 6.471 99-31+ 6.472 6.481 6.478 6.475 6.469 6.464 100-00 6.466 6.476 6.473 6.470 6.463 6.456 100-00+ 6.461 6.472 6.468 6.464 6.457 6.449 100-01 6.455 6.467 6.463 6.459 6.451 6.442 100-01+ 6.449 6.463 6.458 6.454 6.444 6.435 100-02 6.443 6.459 6.454 6.448 6.438 6.427 100-02+ 6.437 6.454 6.449 6.443 6.432 6.420 100-03 6.432 6.450 6.444 6.438 6.425 6.413 100-03+ 6.426 6.445 6.439 6.432 6.419 6.406 100-04 6.420 6.441 6.434 6.427 6.413 6.398 100-04+ 6.414 6.437 6.429 6.422 6.407 6.391 100-05 6.408 6.432 6.424 6.416 6.400 6.384 100-05+ 6.403 6.428 6.420 6.411 6.394 6.377 100-06 6.397 6.423 6.415 6.406 6.388 6.369 100-06+ 6.391 6.419 6.410 6.400 6.381 6.362 100-07 6.385 6.415 6.405 6.395 6.375 6.355 100-07+ 6.379 6.410 6.400 6.390 6.369 6.348 First Payment 2.036 2.869 2.536 2.286 1.869 1.619 Average Life 3.051 4.171 3.725 3.358 2.794 2.389 Last Payment 4.119 5.619 4.953 4.536 3.786 3.203 THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. /TABLE
CURRENT BALANCE: $19,100,000.00 DATED DATE: 10/01/96 COUPON: 6.750% vmf6c FIRST PAYMENT: 11/07/96 FACTOR: 1.0000000000 TOTAL CLASSES: 8 ORIGINAL BALANCE: $19,100,000.00 BOND A3 PRICE-YIELD TABLE YIELD TABLE DATE: 10/24/96 PREPAYMENT SPEED PRICING SPEED 175.0% 100.00% 125.00% 150.00% 200.00% 250.00% PRICE MHP MHP MHP MHP MHP MHP 99-24 6.879 6.871 6.874 6.876 6.881 6.887 99-24+ 6.875 6.868 6.870 6.873 6.877 6.882 99-25 6.871 6.866 6.867 6.869 6.873 6.877 99-25+ 6.867 6.863 6.864 6.866 6.869 6.873 99-26 6.864 6.860 6.861 6.862 6.865 6.868 99-26+ 6.860 6.857 6.858 6.859 6.861 6.863 99-27 6.856 6.854 6.854 6.855 6.857 6.859 99-27+ 6.852 6.851 6.851 6.852 6.853 6.854 99-28 6.849 6.848 6.848 6.848 6.849 6.849 99-28+ 6.845 6.845 6.845 6.845 6.845 6.845 99-29 6.841 6.842 6.842 6.841 6.841 6.840 99-29+ 6.837 6.839 6.839 6.838 6.837 6.835 99-30 6.833 6.836 6.835 6.834 6.833 6.831 99-30+ 6.830 6.833 6.832 6.831 6.828 6.826 99-31 6.826 6.830 6.829 6.827 6.824 6.821 99-31+ 6.822 6.827 6.826 6.824 6.820 6.817 100-00 6.818 6.824 6.823 6.821 6.816 6.812 100-00+ 6.815 6.822 6.819 6.817 6.812 6.807 100-01 6.811 6.819 6.816 6.814 6.808 6.803 100-01+ 6.807 6.816 6.813 6.810 6.804 6.798 100-02 6.803 6.813 6.810 6.807 6.800 6.793 100-02+ 6.800 6.810 6.807 6.803 6.796 6.789 100-03 6.796 6.807 6.804 6.800 6.792 6.784 100-03+ 6.792 6.804 6.800 6.796 6.788 6.780 100-04 6.788 6.801 6.797 6.793 6.784 6.775 100-04+ 6.785 6.798 6.794 6.789 6.780 6.770 100-05 6.781 6.795 6.791 6.786 6.776 6.766 100-05+ 6.777 6.792 6.788 6.782 6.772 6.761 100-06 6.773 6.789 6.784 6.779 6.768 6.756 100-06+ 6.770 6.786 6.781 6.775 6.764 6.752 100-07 6.766 6.784 6.778 6.772 6.759 6.747 100-07+ 6.762 6.781 6.775 6.769 6.755 6.742 First Payment 4.119 5.619 4.953 4.536 3.786 3.203 Average Life 5.052 6.881 6.196 5.571 4.616 3.949 Last Payment 6.119 8.286 7.536 6.786 5.619 4.703 THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
CURRENT BALANCE: $11,800,000.00 DATED DATE: 10/01/96 COUPON: 7.055% vmf6c FIRST PAYMENT: 11/07/96 FACTOR: 1.0000000000 TOTAL CLASSES: 8 ORIGINAL BALANCE: $11,800,000.00 BOND A4 PRICE-YIELD TABLE YIELD TABLE DATE: 10/24/96 PREPAYMENT SPEED PRICING SPEED 175.0% 100.00% 125.00% 150.00% 200.00% 250.00% PRICE MHP MHP MHP MHP MHP MHP 99-24 7.184 7.180 7.181 7.182 7.186 7.190 99-24+ 7.181 7.177 7.178 7.180 7.183 7.186 99-25 7.178 7.175 7.176 7.177 7.180 7.183 99-25+ 7.175 7.172 7.173 7.174 7.177 7.179 99-26 7.172 7.170 7.171 7.172 7.173 7.176 99-26+ 7.170 7.168 7.168 7.169 7.170 7.172 99-27 7.167 7.165 7.166 7.166 7.167 7.168 99-27+ 7.164 7.163 7.163 7.163 7.164 7.165 99-28 7.161 7.161 7.161 7.161 7.161 7.161 99-28+ 7.158 7.158 7.158 7.158 7.158 7.158 99-29 7.155 7.156 7.156 7.155 7.155 7.154 99-29+ 7.152 7.153 7.153 7.153 7.152 7.150 99-30 7.149 7.151 7.151 7.150 7.148 7.147 99-30+ 7.146 7.149 7.148 7.147 7.145 7.143 99-31 7.143 7.146 7.145 7.145 7.142 7.140 99-31+ 7.140 7.144 7.143 7.142 7.139 7.136 100-00 7.138 7.142 7.140 7.139 7.136 7.132 100-00+ 7.135 7.139 7.138 7.136 7.133 7.129 100-01 7.132 7.137 7.135 7.134 7.130 7.125 100-01+ 7.129 7.135 7.133 7.131 7.127 7.122 100-02 7.126 7.132 7.130 7.128 7.124 7.118 100-02+ 7.123 7.130 7.128 7.126 7.120 7.114 100-03 7.120 7.127 7.125 7.123 7.117 7.111 100-03+ 7.117 7.125 7.123 7.120 7.114 7.107 100-04 7.114 7.123 7.120 7.118 7.111 7.104 100-04+ 7.112 7.120 7.118 7.115 7.108 7.100 100-05 7.109 7.118 7.115 7.112 7.105 7.096 100-05+ 7.106 7.116 7.113 7.109 7.102 7.093 100-06 7.103 7.113 7.110 7.107 7.099 7.089 100-06+ 7.100 7.111 7.108 7.104 7.096 7.086 100-07 7.097 7.109 7.105 7.101 7.092 7.082 100-07+ 7.094 7.106 7.103 7.099 7.089 7.078 First Payment 6.119 8.286 7.536 6.786 5.619 4.703 Average Life 7.060 9.281 8.491 7.750 6.438 5.389 Last Payment 8.036 10.453 9.536 8.786 7.369 6.203 THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. /TABLE
CURRENT BALANCE: $15,481,000.00 DATED DATE: 10/01/96 COUPON: 7.310% vmf6c FIRST PAYMENT: 11/07/96 FACTOR: 1.0000000000 TOTAL CLASSES: 8 ORIGINAL BALANCE: $15,481,000.00 BOND A5 PRICE-YIELD TABLE YIELD TABLE DATE: 10/24/96 PREPAYMENT SPEED PRICING SPEED 175.0% 100.00% 125.00% 150.00% 200.00% 250.00% PRICE MHP MHP MHP MHP MHP MHP 99-24 7.441 7.439 7.439 7.440 7.442 7.445 99-24+ 7.439 7.437 7.437 7.438 7.440 7.442 99-25 7.437 7.435 7.435 7.436 7.437 7.439 99-25+ 7.434 7.433 7.433 7.434 7.435 7.436 99-26 7.432 7.431 7.431 7.431 7.432 7.434 99-26+ 7.430 7.429 7.429 7.429 7.430 7.431 99-27 7.427 7.427 7.427 7.427 7.428 7.428 99-27+ 7.425 7.425 7.425 7.425 7.425 7.425 99-28 7.423 7.423 7.423 7.423 7.423 7.423 99-28+ 7.420 7.421 7.421 7.420 7.420 7.420 99-29 7.418 7.419 7.418 7.418 7.418 7.417 99-29+ 7.416 7.417 7.416 7.416 7.415 7.414 99-30 7.413 7.415 7.414 7.414 7.413 7.412 99-30+ 7.411 7.413 7.412 7.412 7.410 7.409 99-31 7.409 7.411 7.410 7.409 7.408 7.406 99-31+ 7.406 7.409 7.408 7.407 7.406 7.404 100-00 7.404 7.407 7.406 7.405 7.403 7.401 100-00+ 7.402 7.405 7.404 7.403 7.401 7.398 100-01 7.399 7.403 7.402 7.401 7.398 7.395 100-01+ 7.397 7.401 7.400 7.398 7.396 7.393 100-02 7.395 7.399 7.397 7.396 7.393 7.390 100-02+ 7.393 7.397 7.395 7.394 7.391 7.387 100-03 7.390 7.395 7.393 7.392 7.388 7.384 100-03+ 7.388 7.393 7.391 7.390 7.386 7.382 100-04 7.386 7.391 7.389 7.387 7.384 7.379 100-04+ 7.383 7.389 7.387 7.385 7.381 7.376 100-05 7.381 7.387 7.385 7.383 7.379 7.373 100-05+ 7.379 7.385 7.383 7.381 7.376 7.371 100-06 7.376 7.383 7.381 7.379 7.374 7.368 100-06+ 7.374 7.381 7.379 7.376 7.371 7.365 100-07 7.372 7.379 7.377 7.374 7.369 7.363 100-07+ 7.369 7.377 7.374 7.372 7.367 7.360 First Payment 8.036 10.453 9.536 8.786 7.369 6.203 Average Life 9.767 12.162 11.362 10.541 9.046 7.744 Last Payment 11.953 13.953 13.369 12.703 11.203 9.703 THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. /TABLE
CURRENT BALANCE: $9,938,000.00 DATED DATE: 10/01/96 COUPON: 7.630% vmf6c FIRST PAYMENT: 11/07/96 FACTOR: 1.0000000000 TOTAL CLASSES: 8 ORIGINAL BALANCE: $9,938,000.00 BOND A6 PRICE-YIELD TABLE YIELD TABLE DATE: 10/24/96 PREPAYMENT SPEED ****** MATURITY ******* PRICING SPEED 175.0% 100.00% 125.00% 150.00% 200.00% 250.00% PRICE MHP MHP MHP MHP MHP MHP 99-24 7.767 7.766 7.767 7.767 7.768 7.769 99-24+ 7.765 7.764 7.765 7.765 7.766 7.767 99-25 7.763 7.763 7.763 7.763 7.764 7.764 99-25+ 7.762 7.761 7.761 7.761 7.762 7.762 99-26 7.760 7.759 7.759 7.759 7.760 7.760 99-26+ 7.758 7.757 7.757 7.758 7.758 7.758 99-27 7.756 7.756 7.756 7.756 7.756 7.756 99-27+ 7.754 7.754 7.754 7.754 7.754 7.754 99-28 7.752 7.752 7.752 7.752 7.752 7.752 99-28+ 7.750 7.750 7.750 7.750 7.750 7.750 99-29 7.748 7.748 7.748 7.748 7.748 7.748 99-29+ 7.746 7.747 7.747 7.746 7.746 7.746 99-30 7.744 7.745 7.745 7.745 7.744 7.744 99-30+ 7.742 7.743 7.743 7.743 7.742 7.742 99-31 7.741 7.741 7.741 7.741 7.740 7.739 99-31+ 7.739 7.740 7.739 7.739 7.738 7.737 100-00 7.737 7.738 7.738 7.737 7.736 7.735 100-00+ 7.735 7.736 7.736 7.735 7.734 7.733 100-01 7.733 7.734 7.734 7.733 7.732 7.731 100-01+ 7.731 7.733 7.732 7.732 7.731 7.729 100-02 7.729 7.731 7.730 7.730 7.729 7.727 100-02+ 7.727 7.729 7.729 7.728 7.727 7.725 100-03 7.725 7.727 7.727 7.726 7.725 7.723 100-03+ 7.724 7.725 7.725 7.724 7.723 7.721 100-04 7.722 7.724 7.723 7.722 7.721 7.719 100-04+ 7.720 7.722 7.721 7.721 7.719 7.717 100-05 7.718 7.720 7.719 7.719 7.717 7.715 100-05+ 7.716 7.718 7.718 7.717 7.715 7.713 100-06 7.714 7.717 7.716 7.715 7.713 7.710 100-06+ 7.712 7.715 7.714 7.713 7.711 7.708 100-07 7.710 7.713 7.712 7.711 7.709 7.706 100-07+ 7.708 7.711 7.710 7.710 7.707 7.704 First Payment 11.953 13.953 13.369 12.703 11.203 9.703 Average Life 13.766 15.629 15.018 14.400 13.118 11.836 Last Payment 16.286 17.536 17.203 16.786 15.786 14.536 THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. /TABLE
CURRENT BALANCE: $6,833,000.00 DATED DATE: 10/01/96 COUPON: 7.530% vmf6c FIRST PAYMENT: 11/07/96 FACTOR: 1.0000000000 TOTAL CLASSES: 8 ORIGINAL BALANCE: $6,833,000.00 BOND B1 PRICE-YIELD TABLE YIELD TABLE DATE: 10/24/96 PREPAYMENT SPEED PRICING SPEED 175.0% 100.00% 125.00% 150.00% 200.00% 250.00% PRICE MHP MHP MHP MHP MHP MHP 99-24 7.673 7.671 7.672 7.673 7.674 7.674 99-24+ 7.670 7.669 7.669 7.670 7.670 7.671 99-25 7.667 7.666 7.667 7.667 7.667 7.668 99-25+ 7.664 7.663 7.664 7.664 7.664 7.665 99-26 7.661 7.660 7.661 7.661 7.661 7.662 99-26+ 7.658 7.657 7.658 7.658 7.658 7.658 99-27 7.655 7.655 7.655 7.655 7.655 7.655 99-27+ 7.652 7.652 7.652 7.652 7.652 7.652 99-28 7.649 7.649 7.649 7.649 7.649 7.649 99-28+ 7.646 7.646 7.646 7.646 7.646 7.646 99-29 7.643 7.643 7.643 7.643 7.643 7.643 99-29+ 7.640 7.641 7.640 7.640 7.640 7.639 99-30 7.637 7.638 7.637 7.637 7.637 7.636 99-30+ 7.634 7.635 7.634 7.634 7.634 7.633 99-31 7.631 7.632 7.631 7.631 7.630 7.630 99-31+ 7.628 7.629 7.628 7.628 7.627 7.627 100-00 7.625 7.627 7.626 7.625 7.624 7.624 100-00+ 7.622 7.624 7.623 7.622 7.621 7.621 100-01 7.619 7.621 7.620 7.619 7.618 7.617 100-01+ 7.616 7.618 7.617 7.616 7.615 7.614 100-02 7.613 7.615 7.614 7.613 7.612 7.611 100-02+ 7.610 7.613 7.611 7.610 7.609 7.608 100-03 7.607 7.610 7.608 7.607 7.606 7.605 100-03+ 7.604 7.607 7.605 7.604 7.603 7.602 100-04 7.601 7.604 7.602 7.601 7.600 7.598 100-04+ 7.597 7.601 7.599 7.598 7.597 7.595 100-05 7.594 7.599 7.596 7.595 7.594 7.592 100-05+ 7.591 7.596 7.593 7.592 7.591 7.589 100-06 7.588 7.593 7.591 7.589 7.588 7.586 100-06+ 7.585 7.590 7.588 7.586 7.584 7.583 100-07 7.582 7.587 7.585 7.583 7.581 7.580 100-07+ 7.579 7.585 7.582 7.581 7.578 7.576 First Payment 5.036 5.286 5.036 5.036 5.036 5.036 Average Life 6.869 7.640 7.211 7.027 6.730 6.497 Last Payment 9.203 10.536 9.869 9.536 8.869 8.453 THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. /TABLE
CURRENT BALANCE: $4,969,000.00 DATED DATE: 10/01/96 COUPON: 8.045% vmf6c FIRST PAYMENT: 11/07/96 FACTOR: 1.0000000000 TOTAL CLASSES: 8 ORIGINAL BALANCE: $4,969,000.00 BOND B2 PRICE-YIELD TABLE YIELD TABLE DATE: 10/24/96 PREPAYMENT SPEED ****** MATURITY ******* PRICING SPEED 175.0% 100.00% 125.00% 150.00% 200.00% 250.00% PRICE MHP MHP MHP MHP MHP MHP 99-24 8.195 8.195 8.195 8.195 8.196 8.196 99-24+ 8.193 8.193 8.193 8.193 8.194 8.194 99-25 8.192 8.191 8.191 8.191 8.192 8.192 99-25+ 8.190 8.189 8.189 8.189 8.190 8.190 99-26 8.188 8.187 8.187 8.188 8.188 8.188 99-26+ 8.186 8.185 8.186 8.186 8.186 8.186 99-27 8.184 8.184 8.184 8.184 8.184 8.184 99-27+ 8.182 8.182 8.182 8.182 8.182 8.182 99-28 8.180 8.180 8.180 8.180 8.180 8.180 99-28+ 8.178 8.178 8.178 8.178 8.178 8.178 99-29 8.176 8.176 8.176 8.176 8.176 8.176 99-29+ 8.174 8.174 8.174 8.174 8.174 8.174 99-30 8.172 8.173 8.172 8.172 8.172 8.172 99-30+ 8.170 8.171 8.171 8.170 8.170 8.170 99-31 8.168 8.169 8.169 8.168 8.168 8.167 99-31+ 8.166 8.167 8.167 8.166 8.166 8.165 100-00 8.164 8.165 8.165 8.165 8.164 8.163 100-00+ 8.162 8.163 8.163 8.163 8.162 8.161 100-01 8.160 8.162 8.161 8.161 8.160 8.159 100-01+ 8.158 8.160 8.159 8.159 8.158 8.157 100-02 8.156 8.158 8.157 8.157 8.156 8.155 100-02+ 8.155 8.156 8.156 8.155 8.154 8.153 100-03 8.153 8.154 8.154 8.153 8.152 8.151 100-03+ 8.151 8.152 8.152 8.151 8.150 8.149 100-04 8.149 8.151 8.150 8.149 8.148 8.147 100-04+ 8.147 8.149 8.148 8.147 8.146 8.145 100-05 8.145 8.147 8.146 8.145 8.144 8.143 100-05+ 8.143 8.145 8.144 8.144 8.142 8.141 100-06 8.141 8.143 8.142 8.142 8.140 8.139 100-06+ 8.139 8.142 8.141 8.140 8.138 8.137 100-07 8.137 8.140 8.139 8.138 8.136 8.135 100-07+ 8.135 8.138 8.137 8.136 8.134 8.133 First Payment 9.203 10.536 9.869 9.536 8.869 8.453 Average Life 14.389 16.192 15.473 14.902 13.918 13.043 Last Payment 24.953 24.953 24.953 24.953 24.953 24.953 THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
_____________________________________________________________________________ - VANDERBILT 6C - $124,221,906.53 - Asset Backed Collateral _____________________________________________________________________________ Cut-off Date: 9/25/96 Product: Man. House Number of Mortgage Loans: 4,293 Aggregate Unpaid Principal Balance: $124,221,906.53 Aggregate Original Principal Balance: $125,055,921.58 Weighted Average Gross Coupon: 11.513% Gross Coupon Range: 7.750% - 18.000% _____________________________________________________________________________ Average Unpaid Principal Balance: $28,935.92 Average Original Principal Balance: $29,130.19 Maximum Unpaid Principal Balance: $124,583.88 Minimum Unpaid Principal Balance: $4,074.00 Maximum Original Principal Balance: $124,666.49 Minimum Original Principal Balance: $4,074.00 Weighted Avg. Stated Rem. Term (LPD to Mat Date): 182.168 Stated Rem Term Range: 48.000 - 360.000 Weighted Average Age (Original-term - Rem Term): 1.990 Age Range: 0.000 - 127.000 Weighted Average Original Term: 184.158 Original Term Range: 48.000 - 360.000 Weighted Average Original LTV: 86.172 Original LTV Range: 21.266% - 100.000% _____________________________________________________________________________ THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. _____________________________________________________________________________
GEOGRAPHIC DISTRIBUTION _____________________________________________________________________ Current State # Loans Balance % Pool Alabama 28 $695,546 .56 Arkansas 11 $325,899 .26 Arizona 49 $1,665,447 1.34 California 2 $55,328 .04 Colorado 45 $1,647,529 1.33 Dist of Col 1 $30,674 .02 Delaware 14 $435,547 .35 Florida 174 $4,743,545 3.82 Georgia 78 $1,838,972 1.48 Iowa 11 $312,490 .25 Illinois 10 $271,699 .22 Indiana 31 $841,081 .68 Kansas 2 $83,712 .07 Kentucky 229 $6,023,376 4.85 Louisiana 82 $2,554,313 2.06 Maryland 10 $324,623 .26 Michigan 5 $158,353 .13 Missouri 35 $1,240,042 1.00 Mississippi 37 $959,270 .77 Montana 2 $45,652 .04 North Carolina 851 $24,720,198 19.90 New Jersey 4 $105,100 .08 New Mexico 34 $1,190,429 .96 Nevada 7 $201,999 .16 New York 15 $403,305 .32 Ohio 52 $1,422,329 1.14 Oklahoma 57 $2,195,611 1.77 Pennsylvania 12 $259,199 .21 South Carolina 452 $12,617,366 10.16 South Dakota 1 $8,127 .01 Tennessee 690 $19,016,447 15.31 Texas 942 $28,201,040 22.70 Virginia 313 $9,433,021 7.59 West Virgina 7 $194,641 .16 _____________________________________________________________ Total..... 4,293 $124,221,907 100.00% =============================================================
YEAR OF ORIGINATION _____________________________________________________________________________ Year of Origination # of Loans Current Balance % of Pool 1986 4 $57,990 .05 1987 1 $13,200 .01 1988 4 $69,479 .06 1989 6 $116,109 .09 1990 27 $545,319 .44 1991 22 $467,423 .38 1992 5 $122,494 .10 1993 1 $27,676 .02 1994 24 $660,938 .53 1995 23 $710,737 .57 1996 4,176 $121,430,541 97.75 _____________________________________________________________________________ Total... 4,293 $124,221,907 100.00% ============================================================================= THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
ORIGINAL MORTGAGE BALANCES _______________________________________________________________________ Total # of Current Original Loan Amount Loans Balance Balance <= 5,000 3 13,307 0.01 5,000 < Balance <= 10,000 176 1,441,939 1.16 10,000 < Balance <= 15,000 446 5,595,769 4.50 15,000 < Balance <= 20,000 574 9,981,631 8.04 20,000 < Balance <= 25,000 697 15,580,291 12.54 25,000 < Balance <= 30,000 646 17,482,137 14.07 30,000 < Balance <= 35,000 550 17,634,251 14.20 35,000 < Balance <= 40,000 395 14,666,295 11.81 40,000 < Balance <= 45,000 247 10,433,928 8.40 45,000 < Balance <= 50,000 188 8,908,232 7.17 50,000 < Balance <= 55,000 135 7,062,673 5.69 55,000 < Balance <= 60,000 96 5,499,642 4.43 60,000 < Balance <= 65,000 50 3,101,845 2.50 65,000 < Balance <= 70,000 35 2,351,427 1.89 70,000 < Balance <= 75,000 15 1,086,178 0.87 75,000 < Balance <= 80,000 18 1,385,684 1.12 80,000 < Balance <= 85,000 10 821,294 0.66 85,000 < Balance <= 90,000 5 436,151 0.35 90,000 < Balance <= 95,000 1 91,370 0.07 95,000 < Balance <= 100,000 1 96,151 0.08 100,000 < Balance <= 105,000 1 104,839 0.08 105,000 < Balance <= 110,000 3 322,291 0.26 120,000 < Balance <= 125,000 1 124,584 0.10 _______________________________________________________________________ Total... 4,293 $124,221,907 100.00% =======================================================================
LTV RANGE ______________________________________________________________ LTV Current % RANGE # Loans Balance Pool 0.000 < LTV <= 60.000 168 $3,910,989 3.15 60.000 < LTV <= 65.000 119 $2,708,194 2.18 65.000 < LTV <= 70.000 146 $4,105,540 3.31 70.000 < LTV <= 75.000 205 $6,296,557 5.07 75.000 < LTV <= 80.000 303 $9,297,879 7.48 80.000 < LTV <= 85.000 525 $14,651,881 11.79 85.000 < LTV <= 90.000 641 $18,959,530 15.26 90.000 < LTV <= 91.000 757 $22,534,532 18.14 91.000 < LTV <= 94.000 311 $8,239,015 6.63 94.000 < LTV <= 96.000 949 $29,388,201 23.66 96.000 < LTV <= 100.000 169 $4,129,588 3.32 _______________________________________________________________ Total..... 4,293 $124,221,907 100.00% ===============================================================
GROSS COUPON ________________________________________________________________________ Gross Current Coupon # Loans Balance % Pool 7.00% < Gross Coupon <= 8.00% 3 $234,605.02 .19 8.00% < Gross Coupon <= 9.00% 48 $2,507,190.99 2.02 9.00% < Gross Coupon <= 10.00% 291 $10,614,889.55 8.55 10.00% < Gross Coupon <= 11.00% 991 $30,543,302.48 24.59 11.00% < Gross Coupon <= 12.00% 1,303 $44,042,505.92 35.45 12.00% < Gross Coupon <= 13.00% 1,061 $26,653,337.04 21.46 13.00% < Gross Coupon <= 14.00% 414 $7,022,421.00 5.65 14.00% < Gross Coupon <= 15.00% 104 $1,688,593.35 1.36 15.00% < Gross Coupon <= 16.00% 9 $136,665.87 .11 16.00% < Gross Coupon <= 17.00% 9 $107,729.21 .09 17.00% < Gross Coupon <= 18.00% 60 $670,666.10 .54 _________________________________________________________________________ Total..... 4,293 $124,221,906.53 100.00% ========================================================================= THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY.
REMAINING TERM _________________________________________________________ # of Current % of Remaining Term Loans Balance Pool 36 < Rem Term <= 48 18 $145,455 .12 48 < Rem Term <= 60 154 $1,710,946 1.38 60 < Rem Term <= 72 34 $433,342 .35 72 < Rem Term <= 84 381 $6,137,360 4.94 84 < Rem Term <= 96 61 $930,607 .75 96 < Rem Term <= 108 307 $7,142,666 5.75 108 < Rem Term <= 120 445 $8,370,106 6.74 120 < Rem Term <= 132 70 $1,802,794 1.45 132 < Rem Term <= 144 317 $7,518,105 6.05 144 < Rem Term <= 156 147 $4,570,956 3.68 156 < Rem Term <= 168 54 $1,454,402 1.17 168 < Rem Term <= 180 816 $23,340,325 18.79 180 < Rem Term <= 192 322 $12,249,553 9.86 192 < Rem Term <= 204 346 $13,478,612 10.85 204 < Rem Term <= 216 87 $3,761,431 3.03 216 < Rem Term <= 228 72 $2,929,912 2.36 228 < Rem Term <= 240 477 $18,187,330 14.64 240 < Rem Term <= 252 5 $254,479 .20 252 < Rem Term <= 264 9 $554,126 .45 264 < Rem Term <= 276 3 $176,084 .14 276 < Rem Term <= 288 1 $40,019 .03 288 < Rem Term <= 300 153 $8,238,101 6.63 348 < Rem Term <= 360 14 $795,197 .64 _________________________________________________________ Total..... 4,293 $124,221,907 100.00% =========================================================
-----END PRIVACY-ENHANCED MESSAGE-----