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SUBJECT TO COMPLETION, DATED DECEMBER 5, 2006

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$1,158,238,000 (Approximate)



Stanwich Asset Acceptance Company, L.L.C.
Depositor 

Carrington Mortgage Loan Trust, Series 2006-NC5
Issuing Entity

Carrington Securities, LP
Sponsor 

New Century Mortgage Corporation
Servicer

Carrington Mortgage Loan Trust, Series 2006-NC5
Asset-Backed Pass-Through Certificates

Offered Certificates

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·ou should consider carefully the risk factors beginning on page S-18 in this prospectus supplement.

Neither the Securities and Exchange Commission nor any state securities commission has approved or
disapproved of the offered certificates or determined that this prospectus supplement or the prospectus is
accurate or complete. Any representation to the contrary is a criminal offense.

The Attorney General of the State of New ·ork has not passed on or endorsed the merits of this
offering. Any representation to the contrary is unlawful.

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Initial Initial
Certificate Proceeds to Certificate Proceeds to
Principal Price to Underwriting the Principal Price to Underwriting the
Class(1) Balance(2) Public  Discount  Depositor(3) Class(1) Balance(2) Public  Discount  Depositor(3)
$/ 8 c'' 9 9 9$2/1 8 '3' 9 9 9
$/  8 '3+ ' 9 9 9$2/c 81 '3c' 9 9 9
$/1 8c'1' 9 9 9$2/ 8 c'c' 9 9 9
$/c 81'c3' 9 9 9$2/+ 8'11' 9 9 9
$/ 811 '' 9 9 9$2/ 8 ' ' 9 9 9
$2/ 8+'' 9 9 9$2/3 81'131' 9 9 9
$2/  8++'' 9 9 9$2/ 83' ' 9 9 9

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Bear, Stearns & Co. Inc.  JPMorgan
(Lead Manager) (Co-Manager)
Carrington Investment Services, LLC
(Selected Dealer)


Important Notice About Information Presented in this Prospectus
Supplement and the Accompanying Prospectus

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TABLE OF CONTENTS

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TABLE OF CONTENTS
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Summary

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Offered Certificates

Initial Certificate Initial Rating Final Scheduled
Class  Pass-Through Rate(1) Principal Balance(2) (S&P/Moody¶s/Fitch) (3) Designations Distribution Date 
Class A Certificates:    
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Total Class A Certificates:  83''   
Class M Certificates:     
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Total Offered Class M 8 3' '   
Certificates:
Total Offered Certificates: 8'3' 13'   

Non-Offered Certificates
     
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Total non-offered certificates: 83'1+'3c   
Total offered and 8' +'+1c'3c   
non-offered certificates:

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Other Information:

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Pass-Through Rates:

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Mortgage loans with high 2   / / ,
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Description of the Mortgage Pool 

General

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Mortgage Loan Characteristics

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Product Type of the Mortgage Loans 

Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Product Type Loans   Balance   Balance  Balance   Score  Ratio   Coupon
C#  8  '1 3  98 c'3++  ++ + +9   9
C#   ' 3'1    1'  3 +c   3 3
C#   '333'1+ 1  +  '3    31  3 3
I:2  ' +c 1''3 + 1 3 1 'c  + 3   3  
I:2@/-   +3c '1 '1+ 1c +   33'c1  +cc 3    +1
1C#  3 3'c ' + + + c'1  + 3 c  3 c
1C#@/-    '3'11 31  c3  +'3 +  +c+ 3    3
1I:2  1+ c' +' c + 3  '+1 1 +1 31   3 c
1I:2@/-   ++ 31'c'c  +  1'3 + + 31    c+
cI1 I:2  '1 1c'' +     c'c1 3+  3   3 c+
cI11I:2  1 3'31'  3    1' + +     3 
cI1C#  1c 31'ccc'+ + + 3+  1' c  +1    3 
Average, Weighted Average,
Total:   5,361$ 1 ,216,634,844.67  $2 26,941.77
100.00% 616 80.80% 8.272%



Current Gross Mortgage Rate of the Mortgage Loans

Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Current Gross Mortgage Rate (%) Loans   Balance   Balance  Balance  Score  Ratio   Coupon
 N    8  '     98  '  +c  3 9  9
 N+   +  '+'    + 1c1'++  ++   c  3+
+ N+     c' c'c1   c c+ 1'1c 1c  ++   3 + 1+
+ N   c3   +'c+'1 3    1 1 'c3 3  +c1  3  + 33
 N   c  c'+ '1 3   1   '3 +  +13  3 cc  11
 N3   3  'c1'3    1  c'cc   + c   1  
3 N3   +3   '3'+3 1     1'++ +   +  3 33 3 
3 N   3c  33''31      '    +   3 1 3 31
 N   ++  +''+ +   +  1'1 3  33  31 1  1
 N   +3  +'3+c' + +  3 3 '+1   3c  31 c   +
 N   +  c'1 '31 3c  1 13 +'+ 1  3  3c c  
 N     1'3c'c 3  c 3'c c    3 13  c 
 N   1  3'+3'1 3   c  '3c 1  3  3c +  1
 N   1  c' '+    1 c'  33    3   ++
 N      ' '3 33    '3    31  3   +c
 N1     3' +     c'1+ 3  c  c1   + 
Average, Weighted Average,
Total:   5,361 $1 ,216,634,844.67   $2 26,941.77
100.00%  616  80.80% 8.272%


!/c 


Current Mortgage Loan Principal Balance of the Mortgage Loans 

Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Current Unpaid Principal Balance ($)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
 N'   18  1'3'1c   198 c'+ 3  +  3c 39  3+9
' N'   3+ +'31 '  31  3  3'++   3 c    ++
' N'   'c 1' 1'1      '   +   +  3 c
' N '   3 '3'3 1 +  3   '3 + +1 3   3 c1
' N '   3 +'113'3  1 +  c' c + 3 3  3 1
' N1'   3 c 'c'c     'c  + 3   3 c
1' N1'   1c ' ' + 3  3  1 1'3  1 + 3 3+  3 1
1' Nc'   1c  '13'1 c  +1  1'1 + +  3 ++   
c' Nc'    '3 '   3  c 1'c  +1c 31 c3    
c' N'    3' +' 1 + ++  c+'+  c +1 31 1   33
' N'   3 c '3'3  1    '+3 + +  31 c  3 3
' N+'    3'c'1  1+  c'3 cc +1 31 3+  3  
+' N+'   1c ' +' + +    + '++   +13 3 1+   +
+' N'    c'31'1c     +c'c c 3 +c 3 c1   3
' N'   3 1'3'3c   3   ' 1 +c1 3 c   3 
' N3'   c 1'3'3+3 3     'c+  +13 3   3 c
3' N3'    c'3c' 1   1c  31+'3c+  +c 3 3  3 3+
3' N'    3' c    3' c +  3 3    
' N'    '1 c  3  '1 c +1c 3   3 
' N''   c 1'' c3 3  11  c'1  + 1 3 3c    
'' OP   3'1'3   +3 '3+'  +c     c 
Average, Weighted Average,
Total:   5,361$ 1 ,216,634,844.67  $ 226,941.77
100.00% 616 80.80% 8.272%



Original Mortgage Loan Principal Balance of the Mortgage Loans 

Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Original Principal Balance ($) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
 N'   18  1'3'1c   198 c'+ 3  +  3c 39  3+9
' N'   3c +'+1 '1 c      3'+ ++  3      
' N'   'c  1'c1'3 +       '  +     3  
' N '   33 '3' c  3  '+  +1 3   3 c
' N '    +'13'+  1 3  c'+ + + 3 3  3 11
' N1'   3 c 'c'c     'c  + 3   3 c
1' N1'   113 ' 1'c+ 3c 3 3  1 1' 1 11 +3 3 +  3 3+
1' Nc'   1 1'c1c'+ 3  3  1c'c+ 1 +  3 c   3
c' Nc'   1 'c3 'c  3   c 1'31+ 1 +1c 31    11
c' N'    3' +' 1 + ++  c+'+  c +1 31 1   33
' N'   3 c '3'3  1    '+3 + +  31 c  3 3
' N+'    3'c'1  1+  c'3 cc +1 31 3+  3  
+' N+'   11 '+'3 +  +  + c'31   +13 3 3  3 
+' N'   1 'c3'1 c    +1'1c 1 +c 3 c   1 
' N'   3 1'3'3c   3   ' 1 +c1 3 c   3 
' N3'   c 1'3'3+3 3     'c+  +13 3   3 c
3' N3'    c'3c' 1   1c  31+'3c+  +c 3 3  3 3+
3' N'    3' c    3' c +  3 3    
' N'    '1 c  3  '1 c +1c 3   3 
' N''   c 1'' c3 3  11  c'1  + 1 3 3c    
'' OP   3'1'3   +3 '3+'  +c     c 
Average, Weighted Average,
Total:   5,361$ 1 ,216,634,844.67  $ 226,941.77
100.00% 616 80.80% 8.272%


!/c1


Remaining Term to Maturity of the Mortgage Loans
Remaining Term (months)  Number  Principal Percentage Average Weighted   Weighted
of Balance  of Principal Average Weighted Average
Mortgage Principal Balance  Credit Average Gross
Loans  Balance  Score Original Coupon
Loan-to-
Ualue
Ratio 
+N   8  '1 3  98 c'3++  ++ + +9 
  9
 N3   ' 3'1    1'  3 +c   3 3
3N c   '333'1+ 1  +  '3    31  3 3
1N1+  '1 c'  '1+3'ccc ++  +  '  ++ 3 3  3 
Average, Weighted Average,
Total:   5,361$ 1 ,216,634,844.67  $2 26,941.77
100.00% 616 80.80% 8.272%



Original Term to Maturity of the Mortgage Loans 

Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Original Term (months)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
+N   8  '1 3  98 c'3++  ++ + +9 
  9
 N3   ' 3'1    1'  3 +c   3 3
3N c   '333'1+ 1  +  '3    31  3 3
1N1+  '1 c'  '1+3'ccc ++  +  '  ++ 3 3  3 
Average, Weighted Average,
Total:   5,361$ 1 ,216,634,844.67  $2 26,941.77
100.00% 616 80.80%  8.272%



Combined Loan-to-Ualue Ratio of the Mortgage Loans* 

Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Combined LTU Ratio (%) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
 N   8  '+1 3  98 c'3  +1 3 19  19
 N    c' c    c' c     3 
 N     cc'+31 cc  c  3'1+ + ++ 3 33  3 cc
 N    c 1 'c +  1  33' c3   + c  3 +1
 N1    'c'+    c'+   33  13  3 33
1 N1    '+1'     1'   11 +  3 1
1 Nc    1'11'   3 1'1 +1 3+ 1 +   
c Nc   c 3' 1'1 +1  +3 +'3 + 3 c1     3 
c N     ' '+ c 3   1'  3 33 c +   3c
 N   31 +'11'1 +  1+ '3 3c 3   +  3 1+
 N+   11 3'1+'c  11  1' cc c 33 3 1   
+ N+    c'3'+1 33 1 1  'c++  3  +1 1c  3 1
+ N     +'+ 'c  +    '31 c 3 +3   3 
 N   1+ 3' 1c'   + +3  3'3 + 3 1   3 +
 N3   + c'3 +' +    '+1 1   c  3 c1
3 N3   +c1 c3''33 ++  1  1'1c c 3+ 3c 3  3 cc
3 N   31 1'c'    1  1'c+ c + 3 1  3 3
 N   c+  +'+'c 3  1+  c'   +1 1 +  3 c3
 N   '1  1'3' c  c 3  1' +  + 3     3+ 
Average, Weighted Average,
Total:   5,361$ 1 ,216,634,844.67  $2 26,941.77
100.00% 616 80.80%  8.272%


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Original Loan-to-Ualue Ratio of the Mortgage Loans* 

Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Original LTU Ratio (%) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
 N   8  '+1 3  98 c'3  +1 3 19  19
 N      c' c    c' c     3 
 N     cc'+31 cc  c  3'1+ + ++ 3 33  3 cc
 N    c   1 'c +  1  33' c3   + c  3 +1
 N1    'c'+    c'+   33  13  3 33
1 N1    '+1'     1'   11 +  3 1
1 Nc    1'11'   3 1'1 +1 3+ 1 +   
c Nc   c 3' 1'1 +1  +3 +'3 + 3 c1     3 
c N     ' '+ c 3   1'  3 33 c +   3c
 N   3c +'+'c   1 'c  3   +  3 1
 N+   1c 3'+'  1  1'  3 3 1   1
+ N+    c'1'c+ 3 1 11   ' c3 1 3  +1 11  3 1
+ N   3 +c'1c+' 3    1'c+ + 3 +3 3  3  
 N   1+  3 '+'+  +   +' 1 3 1   3  
 N3   '3 c '1+'cc+ 1 1c   1'1 c +1  3    +
3 N3   +1 3'cc'  1    3'+c  3 3c   3 c
3 N   ' 1 c ' ' 3     1+'+ 1+ + 3 +  3 +
 N   c1 1'33' 3   1+  +c' + +13 c 31  3 c
 N    3'+3'c1   c  1'  1 +++     
Average, Weighted Average,
Total:   5,361$ 1 ,216,634,844.67  $2 26,941.77
100.00% 616 80.80%  8.272%


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Geographic Distribution of Mortgaged Properties of the Mortgage Loans 

Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
State  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
   'c8  11' '1+   +981 1+'cc+ 3 +   c19  3+9
   + 1  ''c    +'c1 3c +1    3 c
 @?   1c 1'c'+    11 '  +  3 1+  3 33
 6&   3 3''c 3 + c  3' +  +  3 +  3 13
    1'1 '1  c 13   'c  + 31   3 c1
#   c3  'c'1c c3 c 1+  '333  + 3   3 3
&    c3'3c'+  c    '+c c + 3 3+  3 1
       1''c +  1   +'  13 +3 3 31  3 1c 
0   3 13'1 '1++  1   c'+ 3 +c    3 
     + 'c'1+  c  3' 1 + 3   3 
&   3c '3 '3 1 1 c'3 3+ + 3   3 ++
     c'1 '    1c'+3 + +c  1   +1
    '3' c3  + +c'3  + 31 ++  3 3+
   3 ' '131 3  cc  ' 3+  +1 3   3 c3
    c +'1' 1 +3  1  '+1  +  3 3  3 c
   ' + +'3+'3  + 3 +' 1 + 31 +  3  
Average, Weighted Average,
Total:   5,361$ 1 ,216,634,844.67  $2 26,941.77
100.00% 616 80.80%  8.272%


!/c


Occupancy Type of the Mortgage Loans 

Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Occupancy Loans   Balance   Balance  Balance   Score  Ratio   Coupon
  ) &  c1+8  3c'3c' + ++ + 98 c'  +c  
31 3 9   19
)&:  c'c' ''c 3   +   '3 3 +1 3 1  3 
!E  1 ' 3'+  c  1'1 c1 +c 3 3  3 
Average, Weighted Average,
Total:   5,361$ 1 ,216,634,844.67  $2 26,941.77
100.00% 616 80.80%  8.272%



Mortgaged Property Type of the Mortgage Loans 

Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Property Type  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
-C&  1'c 8  3+'33'+ c  +98 3'13+ 1 +  3 ++9 3 c9
)A**     1 '3c'      c'c3   +3 3 1+  3 
/cA   13 +'c'+31 11  c 1+'3 1 +11    3 3c
$  1 'c3'   +   '+  +1 3 11  3 3
)A*    13 1''1 c 1  1'c1  + 3 +  3 11
2E  1 +c1'31     c'++  33 3 3c  3 +
Average, Weighted Average,
Total:   5,361$ 1 ,216,634,844.67  $2 26,941.77
100.00% 616 80.80% 8.272%



Mortgage Loan Purpose of the Mortgage Loans 
Weighted
Average
Percentage
Number
of of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Loan Purpose Loans   Balance   Balance  Balance   Score  Ratio   Coupon
$ -   'c18  +3'11'c  3c + 98 1'3 3   
3  9 3 1c9
)   '33  c'c1+'+  c 11 3   3'++  +c+ 31 3  3 3
: I%  1+  1'3+'3   3  1'+ + ++ 3 1c  3  c

Average, Weighted Average, Total:  5,361$ 1 ,216,634,844.67  $2 26,941.77


100.00% 616 80.80%  8.272%



Mortgage Loan Documentation Type of the Mortgage Loans 

Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Documentation Type  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
C*    1' +8  ++''+ 1c  398 'cc1  +1 3 39 3 19
7 *    3 '  'cc +3  +  1'++ 3 +3 3 3  3  
!  *    '3 c'c 1'1 + c   '3  +11 3 3  3 +c

Average, Weighted Average, Total:  5,361$ 1 ,216,634,844.67  $2 26,941.77


100.00% 616 80.80% 8.272%


!/c+


Credit Score Distribution of the Mortgage Loans 
Number Percentage Weighted  Weighted
of
Mortgage of Average Average Weighted Average
Principal Principal Principal Credit Average Gross
Credit Score Range  Loans   Balance   Balance  Balance  Score Original  Coupon
Loan-to-
Ualue
Ratio 
c+N  8  c' +c'1 c+  198 1'1   + +9   9
N   c+c 3' 1+'c3 1   33'3 c 1 c     1c1
 +N  c3 ' +'++ 13  31 '+   13  33  3 +
N  ++ 1' ++' c        ' + +  3 c  3 c
+N+  + c3'c1'3c 3    '3 1 3 3 1  3 c+
+N+     '3'1  3  c  11'11 3 +1 3   3 1
+ +N+  31 c'++' c    11'1c 3 +13 3 33   c
+N+  + 3 +'13'+ 3 1 c  +'  ++  3     3
++N  11  3'+ '+3 1 + ++  cc'+c   +33 3 +3   3 
N   +c c+''c1c  1 3   31'+     31 c   +c+
 +N  + 1' ' 3 1    c'c  c 13 31 +   +++
N  c '3'cc c    + '+c c1 + 3    1+
+N3   +' ' c1  c  3+' 1 1 3 3 +   1 
3N3    '1'+ 1 +   '    3 c    1 
Average, Weighted Average,
Total:   5,361$ 1 ,216,634,844.67  $2 26,941.77
100.00% 616 80.80% 8.272%



Prepayment Penalty Term of the Mortgage Loans 

Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Prepayment Penalty Term (months)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
  '+ 8  c '13'3+ 
 11 98 3'1+c c+ +3 3 3 9 3 +c39
   11+ ' 3'3cc c 3 + 1 c'c + +  3 1  3 c
c  '1c+ 3'+3' + c 3  +'3 3  + 3 1  3 3
1+   +'c' c +   c'11 3 + +  +   11
Average, Weighted Average,
Total:   5,361$ 1 ,216,634,844.67  $2 26,941.77
100.00% 616 80.80% 8.272%



Lien Type of the Mortgage Loans 

Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Lien Type Loans   Balance   Balance  Balance   Score  Ratio   Coupon
C 7  '338  ' '31'+3 3  +98 1 '1 3 +  
3 + 9 
3  9
!7  1 'c'+ 3  c  ++'c ++ +      1cc
Average, Weighted Average,
Total:   5,361$ 1 ,216,634,844.67  $2 26,941.77
100.00% 616 80.80% 8.272%


!/c


Product Type of the Fixed Rate Mortgage Loans 

Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Product Type Loans   Balance   Balance  Balance   Score  Ratio   Coupon
C#  8  '1 3  +98 c'3++  ++ + +9 
  9
C#   ' 3'1   1 1'  3 +c   3 3
C#   '333'1+ 1  3  '3    31  3 3
1C#  3 3'c ' + c+ 1 c'1  + 3 c  3 c
1C#@/-    '3'11 31 1 1  +'3 +  +c+ 3    3
cI1C#  1c 31'ccc'+ + c +3  1' c  +1    3 
Average, Weighted Average,
Total:   999$ 1 74,995,801.01  $1 75,170.97
100.00% 625 78.96%  8.384%



Current Gross Mortgage Rate of the Fixed Rate Mortgage Loans 

Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Current Gross Mortgage Rate (%) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
+ N+   c8  1' ' +  3981 1'c  3 + c c9 + c39
+ N   3 '13'      '+  +3  c1  + 33
 N   c '+c1'c1   3  3'++ 3 +1 1    1
 N3     1'3+ '+3  1 +c  1' c +11  c   3 
3 N3   + '+'c +c   31'3c 1  +1c    3 1
3 N    c '1c' 1 1   3'+1 + +3 3 +  3 +3
 N    c' 'ccc c 3 c c'+ 33 +1 3 c3   c
 N   +  '33'3 1   '13  3 31    31
 N   3 3'c ' 3 c 3  3'1  3 3 1   3
 N    '3+'1 31 c c ' c 3 3+    1
 N   1 c'c'+ +   ' c +3 + 3    
 N    '1'   +1 '11+  c 3 c   
 N    1+'   1  +'+3 c +13 3    c3
Average, Weighted Average,
Total:   999$ 1 74,995,801.01  $1 75,170.97
100.00% 625 78.96% 8.384%


!/c3


Current Mortgage Loan Principal Balance of the Fixed Rate Mortgage Loans 
Number Percentage Average Weighted  Weighted
 of Principal of Principal Average Weighted Average
Current Unpaid Principal Balance ($)  Mortgage Balance  Principal  Balance   Credit Average  Gross 
Loans  Balance  Score Original Coupon
Loan-to-
Ualue
Ratio 
 N'   8  1'3+'+cc   +98 1' c +1  19  c9

' N'   3 '+3' 1  1  +' 1 + 3    c
' N'   + +'13'3 3  +   '1 c +c  +    
' N '     '+ ' 13  3  c'++ ++ +    3 c3
' N '    '+'1 +  c  1'33+ 11 +  + 1  3 +
' N1'    +' 11'  c  3  '1+  +3 3   3 3
1' N1'   c1 1''31 1c 3   1 '1 3 +c 3     
1' Nc'   c ' c'1c c 3    1 '  +1 + 3   + 
c' Nc'    3'+c'3c +c c   c1c'c 13 ++  c   c 
c' N'    3'c'3+ + c ++  c'+3  ++  3c    31
' N'    '3'  c +  3'   +c 3c 33   +
' N+'   + 1'c'1 3  3  +' + 31 +3+  1   11
+' N+'   c ' 'c33   cc  +1'1  +1 3 1   +c 
+' N'    +1'  1   13  +1'  1  ++    + 
' N'   1 ' 'c1 3  +  11'c 11 +   c   1 c
' N3'    +'++   cc  +'++  + 3   3 c
3' N3'    3c'+++ +  c  3c'+++ + +cc 3    
' N''    '' c3   c  3'+ c  +13 3   3 1
'' OP   '+cc'13+ 3    '1 '1 c +c     3
Average, Weighted Average,
Total:   999$ 1 74,995,801.01  $ 175,170.97
100.00% 625 78.96% 8.384%



Original Mortgage Loan Principal Balance of the Fixed Rate Mortgage Loans 

Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Original Principal Balance ($) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
 N'   8  1'3+'+cc   +98 1' c +1  19  c9

' N'   3 '+3' 1  1  +' 1 + 3    c
' N'   + +'13'3 3  +   '1 c +c  +    
' N '    '1+ '    +  c'cc 3 +    3 
' N '   3 '+'3  3     1'+c c +  + 3  3 
' N1'    +' 11'  c  3  '1+  +3 3   3 3
1' N1'   c 1'  '   +  1 c' c + +c 3     1+
1' Nc'   c1 '1'c1 11     1'  +1 +    ++
c' Nc'    3'+c'3c +c c   c1c'c 13 ++  c   c 
c' N'    3'c'3+ + c ++  c'+3  ++  3c    31
' N'    '3'  c +  3'   +c 3c 33   +
' N+'   + 1'c'1 3  3  +' + 31 +3+  1   11
+' N+'   c ' 'c33   cc  +1'1  +1 3 1   +c 
+' N'    +1'  1   13  +1'  1  ++    + 
' N'   1 ' 'c1 3  +  11'c 11 +   c   1 c
' N3'    +'++   cc  +'++  + 3   3 c
3' N3'    3c'+++ +  c  3c'+++ + +cc 3    
' N''    '' c3   c  3'+ c  +13 3   3 1
'' OP   '+cc'13+ 3    '1 '1 c +c     3
Average, Weighted Average,
Total:   999$ 1 74,995,801.01  $ 175,170.97
100.00% 625 78.96% 8.384%


!/c


Remaining Term to Maturity of the Fixed Rate Mortgage Loans 

Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Remaining Term (months)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
+N   8  '1 3  +98 c'3++  ++ + +9 
  9
 N3   ' 3'1   1 1'  3 +c   3 3
3N c   '333'1+ 1  3  '3    31  3 3
1N1+  + ' 'c   + 'c1 1 + +  c  3 13
Average, Weighted Average,
Total:   999$ 1 74,995,801.01  $1 75,170.97
100.00% 625 78.96%  8.384%



Original Term to Maturity of the Fixed Rate Mortgage Loans 

Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Original Term (months)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
+N   8  '1 3  +98 c'3++  ++ + +9 
  9
 N3   ' 3'1   1 1'  3 +c   3 3
3N c   '333'1+ 1  3  '3    31  3 3
1N1+  + ' 'c   + 'c1 1 + +  c  3 13
Average, Weighted Average,
Total:   999$ 1 74,995,801.01  $1 75,170.97
100.00% 625 78.96% 8.384%



Combined Loan-to-Ualue Ratio of the Fixed Rate Mortgage Loans* 

Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Combined LTU Ratio (%) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
 N   8  c'1   198 c'1  + c  9  9
 N    c' c  1  c' c     3 
 N     '+     1'3 1 ++c     
 N1    c3'  3  3  '3cc 3   + 13   +3
1 N1   c 1'3++ c    1'c++ + 1 11 +   c+
1 Nc   c 1+'33      'cc 1 +  13   3 3
c Nc   c ' '+    + cc'c  + c ++   3 
c N   + 1'3c'+   c'+ + + c +1   3 
 N    1'++'3c c  31'  + 1    31
 N+   1 '1'+++ 1  1  1'c + + 3 3 1   +
+ N+   cc 3'c3'31 c c 3  '+ 3 c +1     
+ N   c 3'133'  c3 c  '3  + +3   3 +
 N    '+' 3 3 3   ' c +  1 +  3 13
 N3   13 '3c+'c c c  3'   3  c3  3 3
3 N3   + '3'c3+ +  + 'c 1  3+ 31 ++  3 +3+
3 N    c' 'c1 +3 1   +' 1c  +  3   3 
 N   +   '1'3 + 3    '31   +c c c  3 13
 N    13'+ 3'   11'  +  ++ 3+ 11  3 
Average, Weighted Average,
Total:   999$ 1 74,995,801.01  $1 75,170.97
100.00% 625 78.96%  8.384%


K% 
/ /    '# ' 
    ,. 
      ,.
  
& '     ,. 
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Q' '#
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!/


Original Loan-to-Ualue Ratio of the Fixed Rate Mortgage Loans* 

Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Original LTU Ratio (%) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
 N   8  c'1   198 c'1  + c  9  9
 N    c' c  1  c' c     3 
 N     '+     1'3 1 ++c     
 N1    c3'  3  3  '3cc 3   + 13   +3
1 N1   c 1'3++ c    1'c++ + 1 11 +   c+
1 Nc   c 1+'33      'cc 1 +  13   3 3
c Nc   c ' '+    + cc'c  + c ++   3 
c N   + 1'3c'+   c'+ + + c +1   3 
 N    1'++'3c c  31'  + 1    31
 N+   1 '1'+++ 1  1  1'c + + 3 3 1   +
+ N+   cc 3'c3'31 c c 3  '+ 3 c +1     
+ N     ''+ +3  c 3c'+ 33 3 +3 1+  3 c1
 N   3 +' '   +   '33 c+ +  1   3 +1
 N3   c3 'c3+'1 1  c  '++   +1  1  3 1 
3 N3   3 '1c3' +  +1 33'c 31 3 3c   3 3
3 N   3 c'' +3 3+ 1 +  1'1 3 +1 3 +  3  
 N     '' 1 +   ' + + c 3   3+
 N   +  '13'c3 c    '11 13 +     +1
Average, Weighted Average,
Total:   999$ 1 74,995,801.01  $1 75,170.97
100.00% 625 78.96%  8.384%


K% / /       7%F 
 &
Q' '#1 Q   % / / 
      & 

Q' '#1 Q   


Geographic Distribution of Mortgaged Properties of the Fixed Rate Mortgage Loans 

Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
State  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
$   c8  1'+ '++3 1
  1398 c+'3 c +c 3 9  9
D @?   31 'c11'1 + c 1 1+'c + +1 3 c  3  
%#  3 '+'cc 33  c+ +'3 3 + 3 1  3 +c
C     '+'c 1  c c'3  +  c  3 1 
D 6&  1 '+ '+ cc c c  c3'  +1 3 +  3 1 c
E    'c+3'+33 3 c  11'c3 3+ +c3 +    c
2    c +''  1 c+   '   +c1 3    3 +
2&  3 'c+'1 1 1 c +'1  +  3  3 +3
  1 c'' c 1 c'1 3 c 31 1   c
)&   1 c' 3' 3 c1 c'++  + + c  3 +1
>   1' '  1    3'3 c + 3    c3
0   1'c'+3 3+    +'3 c3 +   33  3 
<     1''+      1'+ + +13 + 3   c
$     'c'+31 33  c3  'c+3 1   3  3 11
2    3 ' ' c3 c   +' + +  3 +c  3 3
-    c 1'3'c 3  1 c3  ' 1 + 3   3 3
Average, Weighted Average,
Total:   999$ 1 74,995,801.01  $1 75,170.97
100.00% 625 78.96% 8.384%


!/


Occupancy Type of the Fixed Rate Mortgage Loans 
Number Percentage Average Weighted  Weighted
 of Principal of Principal Average Weighted Average
Occupancy Type  Mortgage Balance  Principal  Balance  Credit Average  Gross 
Loans  Balance  Score Original Coupon
Loan-to-
Ualue
Ratio 
  ) &  18  +' 1+'c   1 +98 '++3 11 +13  39 3 31+9
)&:  +c' +'13 1 1 3 3'c 3 + c 3 1  3 1+
!E   c'c'   ++'1 + +3 3 3  3 
Average, Weighted Average,
Total:   999$ 1 74,995,801.01  $1 75,170.97
100.00% 625 78.96% 8.384%



Mortgaged Property Type of the Fixed Rate Mortgage Loans 

Weighted
Number Percentage Weighted Average Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Property Type  Loans   Balance   Balance  Balance  Score  Ratio  Coupon
-C&   8  1' '31  c 98 c'c3  + 3 9 3 1c9
)A*/*     1 '1cc'+c c   c'3 + + c 3 +3  3 c3
/cA   + '+ '  +     ++'c  ++  31  3 
$  c 'c'+ c c 1 +'+  +++  c  3 
)A*/    3 1' ' c  3c 3'  +c 3   3 13
2E   3'   1  3'  + c 3   
Average, Weighted Average,
Total:   999$ 1 74,995,801.01  $1 75,170.97
100.00% 625 78.96% 8.384%



Mortgage Loan Purpose of the Fixed Rate Mortgage Loans

Weighted
Average
Percentage
Number
of of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Loan Purpose Loans   Balance   Balance  Balance   Score  Ratio   Coupon
$ -   318  ' c'+c1  +1 98 '3 3 +  9 3 +c9
)   1 c ''13  c c+ c '3  +c 3+   3  c
: I%   '+'   3 3 '  1 +  3   3 1 
Average, Weighted Average,
Total:   999$ 1 74,995,801.01  $1 75,170.97
100.00% 625 78.96% 8.384%



Mortgage Loan Documentation Type of the Fixed Rate Mortgage Loans

Weighted
Average
Percentage
Number
of of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Documentation Type  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
C*    18  ' '1+ c  98 '1 + ++ 3 9 3 +9
7 *    c 1'1'+1c cc c  '  + +3 3 1c  3 c
!  *     c'cc'3 +   3' c +  3   3 c
Average, Weighted Average,
Total:   999$ 1 74,995,801.01  $1 75,170.97
100.00% 625 78.96% 8.384%


!/ 


Credit Score Distribution of the Fixed Rate Mortgage Loans

Weighted
Average
Percentage Weighted Original Weighted
Number
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Credit Score Loans   Balance   Balance  Balance   Score  Ratio   Coupon
c+N  8  c+'1 3+  c98 1' + 1  3 339  c9
N   3  '1+'   3 c'31 c 1 c c   +33
 +N    c'1'c c 3   '1   1 1 +   c
N   ''1 +   '1 c +1  c  3 c
+N+   3'c1'  1  1 +3'+ 3  3  +  3 
+N+   c '33'1 3c  1 3'1  +c 3 c  3 +1
+ +N+   '3+'c11     ' 3 +13 3   3 c
+N+  c '3'3   +  '33 + ++1 3 +  3 1 
++N  33 c'331'11 1 3  +' 3 3 +3+ 3    3
N   13 ' 1'c  1+    c '     3 c    
 +N  1+ '+ '  1  c  ++' 1 c 1 3 c   3+
N  1 1''1c     13'c 1 +1 3 3c    
+N3   '1'33 1  33 1' + 3 c    c1
3N3    '1    c  '1   3  3   + +
Average, Weighted Average,
Total:   999$ 1 74,995,801.01  $1 75,170.97
100.00% 625 78.96%  8.384%


Prepayment Penalty Term of the Fixed Rate Mortgage Loans

Weighted
Average
Percentage
Number
of of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Prepayment Penalty Term (months)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
  1+8  cc'+'3+ +3  398 cc'+  +   +39 3 +39
   31 ' 'cc   c c 11' 1  +1 3 +  3 
c  3 +'+' + 13 1 3  3c' 3 +c3     3
1+  1  ' +'  1 + +c 3+'1  c + 3    3 1
Average, Weighted Average,
Total:   999$ 1 74,995,801.01  $1 75,170.97
100.00% 625 78.96% 8.384%



Lien Type of the Fixed Rate Mortgage Loans

Lien Type Number  Principal Percentage Average WeightedWeighted Weighted
of Balance  of Principal Average Average Average
Mortgage Principal Balance  Credit  Original Gross
Loans  Balance  Score Loan-to- Coupon
Ualue
Ratio 
C 7  3 +8  +1'cc'  1 1 c+98 ' 1 +   c9 3 c9
!7  1 'c'+ 3 + c  ++'c ++ +      1cc
Average, Weighted Average,
Total:   999$ 1 74,995,801.01  $1 75,170.97
100.00% 625 78.96% 8.384%


!/1


Product Type of the Adjustable Rate Mortgage Loans

Weighted
Average
Percentage
Number
of of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Product Type Loans   Balance   Balance  Balance   Score  Ratio   Coupon
I:2  ' +c8  1''3 + 1  c398 'c  + 3 9 
3  9
I:2@/-   +3c '1 '1+ 1c 3 c  33'c1  +cc 3    +1
1I:2  1+ c' +' c    '+1 1 +1 31   3 c
1I:2@/-   ++ 31'c'c  3 + 1'3 + + 31    c+
cI1 I:2  '1 1c'' +  11 3  c'c1 3+  3   3 c+
cI11I:2  1 3'31'   c   1' + +     3 
Average, Weighted Average,
Total:   4,362$ 1 ,041,639,043.66  $2 38,798.50
100.00% 614 81.11% 8.253%



Current Gross Mortgage Rate of the Adjustable Rate Mortgage Loans

Weighted
Average
Percentage
Number
of of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Current Gross Mortgage Rate (%) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
 N   8  '    98   '  +c 3 9  9
 N+   + '+'   31c1'++  ++  c   3+
+ N+   1 c''1c 11 1 c11' c + 3 3c  + 1
+ N   1c 1' 'c3   +1'  +c 3 +  + 3 
 N   c+  +'3'31 11  3 'c 3 +1     1c
 N3   c 3+'+' 3   'c 3 c + 1 3    3+
3 N3   3+ c'1c3'++ 1 1 c 1' 3 + 3 c  3 3
3 N     ++' 1'+ c  + ' 31  + 3 +  3 3
 N     ' +'+   3   '1  3+ 31 +   
 N   cc+ 33'3 '1c + 3 c' 3 31 31 c   +c
 N   3 1 '1'1 c 1 c31'  c 3 3c +   
 N   3 1'1'++ + '31 +  3 3c 3c   c+
 N   1c c'c' 33 c  c3c'c 1 +3 3    3
 N    1'1'3 +  1+1'1+ + +  3 3   +
 N    +3'1   1' +  c +    
 N1    3' +   c'1+ 3 c c1    + 
Average, Weighted Average,
Total:   4,362$1 ,041,639,043.66 100.009$ 2 38,798.50 614 81.11%  8.253%


!/c


Current Mortgage Loan Principal Balance of the Adjustable Rate Mortgage Loans

Weighted
Average
Percentage Weighted Original Weighted
Number
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Current Unpaid Principal Balance ($)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
 N'   c8  +'3   98 c'1  1 c 9  c39
' N'    c' ' c3 1 3  3'c1  3  3   1
' N'   3 c 1'3'1 3c     +'1 3 +  +  3 ++1
' N '   3 1+'1+'c+ 3 1   ' +c 3c +     3 cc
' N '   +  1'+ 'c + 1 c  c'311 1 +3    3 1
' N1'   c  +' c'c3      c'3 33 + 3   3 11
1' N1'   1  ' '1+ c  13  1 1'+ + +c 3 1  3 
1' Nc'   1c c'1'3 1  +  1'c1 3 + 3 3   1 
c' Nc'    33'13'+c + 3 c  c ' 1 +1 31 3   
c' N'   1  '3 '13c c3    c+'   +  3    1
' N'    1'1c'31   1    +'+3  + + 31 1  3 
' N+'   cc ' 31'  c1  c'+  +1  3 1  3 +
+' N+'   1 3'c'1   3  + c'  3 +1 3 c3  3 
+' N'    c'+c'   1+  +c'c3 +3 +c3 3+     3 
' N'    '33'1 1     '3 c  +c 3      
' N3'   1 '1 ' +     c'3  + 3 3   3 3
3' N3'   c 1'1+'+c 13  1   3c '1  + 3+ +  3 3c
3' N'    3' c  3  3' c +  3 3    
' N'    '1 c    '1 c +1c 3   3 
' N''    ''     '  + 3 +3   
'' OP   '++'1 +3  c '1 '1 c +c + 1   1
Average, Weighted Average,
Total:   4,362$ 1 ,041,639,043.66  $ 238,798.50
100.00% 614 81.11%  8.253%



Original Mortgage Loan Principal Balance of the Adjustable Rate Mortgage Loans

Weighted
Average
Percentage Weighted Original Weighted
Number
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Original Principal Balance ($) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
 N'   c8  +'3   98 c'1  1 c 9  c39
' N'   c 1' '+  1 3c  3'+c c+ 3 3      
' N'   3 + c''+      'c ++ +  c  3 ++
' N '   3 1+'1+'c+ 3 1   ' +c 3c +     3 cc
' N '   +  1'+ 'c + 1 c  c'311 1 +3    3 1
' N1'   c  +' c'c3      c'3 33 + 3   3 11
1' N1'    '3'1c +    1 1'++  +c 3 ++  3 
1' Nc'   13 'c3' 1 c    1c'1 c +3 3     
c' Nc'    33'3'1 c1 3    c ' 3 +1 31 3   31
c' N'   1  '3 '13c c3    c+'   +  3    1
' N'    1'1c'31   1    +'+3  + + 31 1  3 
' N+'   cc ' 31'  c1  c'+  +1  3 1  3 +
+' N+'    3'3' 13  c  + c' 3 +13 3 1  3 + 
+' N'    c'31'1 3  c   +1'1  +c 3+    
' N'    '33'1 1     '3 c  +c 3      
' N3'   1 '1 ' +     c'3  + 3 3   3 3
3' N3'   c 1'1+'+c 13  1   3c '1  + 3+ +  3 3c
3' N'    3' c  3  3' c +  3 3    
' N'    '1 c    '1 c +1c 3   3 
' N''    ''     '  + 3 +3   
'' OP   '++'1 +3  c '1 '1 c +c + 1   1
Average, Weighted Average,
Total:   4,362$ 1 ,041,639,043.66  $ 238,798.50
100.00% 614 81.11% 8.253%


!/


Remaining Term to Maturity of the Adjustable Rate Mortgage Loans

Weighted
Average
Percentage Weighted Original Weighted
Number
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Remaining Term (months)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
1N1+  c'1+ 8  'c'+1'c1 ++  8 13'3 
 9 +c 3 9 3 19
Average, Weighted Average,
Total:   4,362$ 1 ,041,639,043.66  $2 38,798.50
100.00% 614 81.11% 8.253%




Original Term to Maturity of the Adjustable Rate Mortgage Loans
Weighted
Average
Number
of
Percentage
of Average
Weighted Original Weighted
Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Original Term (months)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
1N1+  c'1+ 8 'c'+1'c1 ++   8 13'3  
 9 +c 3 9 3 19
Average, Weighted Average,
Total:   4,362$1 ,041,639,043.66   $2 38,798.50 
100.00% 614 81.11% 8.253%


Combined Loan-to-Ualue Ratio of the Adjustable Rate Mortgage Loans*

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Combined LTU Ratio (%) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
 N   8  c' 3  98 c' 3    39   9
 N     cc'+31 cc  c  3'1+ + ++ 3 33  3 cc
 N     c'3 c     '13 c 1 1     
 N1    + 'c3 1  + 1'c ++ 3 3 1  3 1
1 N1   + '1c'+1   1 c+'   + 11 +  3  
1 Nc   3 1'c'    ++'3   31 1    3+
c Nc   1 +' 'c   + '3 3 3 c1 c  3  
c N   cc 3' 3'3c   3 33'1c 1 3c c 3    3+
 N   +1  '3'+3 c  c  c'1 c   +  3 1
 N+   c '1'3c   3    '+3 c +3 3    1
+ N+   c+ 1'++'3 1 1 c  ' 1  +1   3 +
+ N   1 1'c' + c3  c  c' c1   3 +3 31  3 c
 N    +'++3'1 1c + 1  1'1  3  1 3  3 1
 N3   1   '3' c1     ' 3+  33  1  3 13 
3 N3   1  '+1'1c   +  1' 3  3+ 3c 13  3  
3 N   3++ ' '31 3   3  c1'+ c ++ 3 c  3 c
 N   c1c 1'' c3     +'+c3 c +1 1   3  
 N   '+  +1' 3'c3     c'3+  + 3 3    
Average, Weighted Average,
Total:   4,362$ 1 ,041,639,043.66  $2 38,798.50
100.00% 614 81.11% 8.253%


K% 
/ /    '# ' 
    ,. 
      ,.
  
& '     ,. 
    &      ,. 
    & % 
/ /  
     & 
Q' '#
1 Q   

!/+


Original Loan-to-Ualue Ratio of the Adjustable Rate Mortgage Loans*

Weighted
Average
Weighted Original Weighted
Number
of
Percentage
of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Original LTU Ratio (%) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
 N   8  c' 3  98 c' 3    39   9
 N     cc'+31 cc  c  3'1+ + ++ 3 33  3 cc
 N     c'3 c     '13 c 1 1     
 N1    + 'c3 1  + 1'c ++ 3 3 1  3 1
1 N1   + '1c'+1   1 c+'   + 11 +  3  
1 Nc   3 1'c'    ++'3   31 1    3+
c Nc   1 +' 'c   + '3 3 3 c1 c  3  
c N   cc 3' 3'3c   3 33'1c 1 3c c 3    3+
 N   +c  'c'++   c   '11+  c  ++  3 +
 N+    '  '1c   3   '+ 3c  3    
+ N+   c 1 ''+3 + 1 3  3' c  +1 3  3  
+ N   + c'c+'1   +  c ' c1 3 3 +3 3  3 
 N   3  +'c'331 3 + 11  11'3+c 3c 3  1   3 1c3
 N3   '11 1' '  3 1 +c  c ' 1 +1c  3   3
3 N3   3 13'' 1 1 +  1+'++ +3 3 3c   3  c
3 N    3'c1'3+ +  c  c'c 3+ ++ 3 +c  3 + 
 N   1c '1' +     '  + +1+ c 31  3 1+
 N    +'1'11 3  +   ' 1 +      
Average, Weighted Average,
Total:   4,362$ 1 ,041,639,043.66  $2 38,798.50
100.00% 614 81.11% 8.253%


K% / /       7%F 
 &
Q' '#1 Q   % / / 
      & 

Q' '#1 Q   


Geographic Distribution of Mortgaged Properties of the Adjustable Rate Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
State  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
$   38  1 ''+3   981 ' c +   9  319
C   c+  ''1+3 3  33  'c+ c  + 3 1  3 
D @?    3'+c'+c 3  3 c 1c'3 + +  3   3 3
D 6&  c ' '31 3c + 3   3' 1  + c 3   3 1+
   c3'1'c  c ++  '+ + 1c + 31 3  3 113
2&  + c1'1'+3  c +  'c3 1  + 3   3 c
0  + 1c''c  1 1  3'3 c  +c    3 c
2     3 11'3'1  1   +'3c   +1 3 3   3 1c
%#   1 '1'3c + 1 + 'c 1 ++ 3 c  3 
<     +'31' 3   +'33  + 31 +  3 ++
)&   c '3 1' 1 3  c3'  +  3 31   3 ++
E   c3 +'3+'33 c  +  1'  + +c+ 3     +
D   + +' +' +  +  1'++   + 3 3   3 c
>   '31'c     +'1 + + 3c   3 
F   + c'c '    13  ' + 3  3   3 +
-    'c ''c13  + c+ '+31 31 +1 31 c   3 +3
Average, Weighted Average,
Total:   4,362$ 1 ,041,639,043.66  $2 38,798.50
100.00% 614 81.11% 8.253%



!/

Occupancy Type of the Adjustable Rate Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Occupancy Type  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
  ) &  1318  3'+3'31   98 ' c  +c 3c c9  c9
)&:  1'3 13'1c'1c 3  3  c 'c 3 + 3 3  3 ++
!E  c c' +'1 +3 1  1' + +cc 3 +3  3  c
Average, Weighted Average,
Total:   4,362$ 1 ,041,639,043.66  $2 38,798.50
100.00% 614 81.11%  8.253%



Mortgaged Property Type of the Adjustable Rate Mortgage Loans

Weighted
Average
Percentage
Number
of of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Property Type  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
-C&  1'8   '+3' c c  98 3'c c + 3 9 3 19
)A**    c  'c+'cc 3     'c  c  + 3 1   3 +
/cA   13 '3'+1   + 1c'  +   +  3 1
$  1 +3'c1' 11 +   c'1+1  +1 3 c  3 1
)A*      '3'3  +  '++ 3 + 3   3 1
2E   c'311   c  '+    3 +    +
Average, Weighted Average,
Total:   4,362$ 1 ,041,639,043.66  $2 38,798.50
100.00% 614 81.11% 8.253%



Mortgage Loan Purpose of the Adjustable Rate Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Loan Purpose Loans   Balance   Balance  Balance   Score  Ratio   Coupon
)   '38  1+3'+1'3  1 198 11'+ 1 +c1 31 9 3 +9
$ -   '1+ '3'3  c 1  c'+1 c     3 1 c
: I%  c   ''+31 c  33  cc'cc 3 + 3    + 
Average, Weighted Average,
Total:   4,362$ 1 ,041,639,043.66  $2 38,798.50
100.00% 614 81.11% 8.253%


Mortgage Loan Documentation Type of the Adjustable Rate Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Documentation Type  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
C*    '+8  'c+'c 1 c 398 '13  + 3 c9  19
7 *    ++ +'3' c  +  1'1+ 3  +  +1  
3 +
!  *    '1 c1'1'131 c c1 3  +'++ 1 +1 3 +  3 +c
Average, Weighted Average,
Total:   4,362$ 1 ,041,639,043.66  $2 38,798.50
100.00% 614 81.11% 8.253%


!/3

Credit Score Distribution of the Adjustable Rate Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Credit Score Loans   Balance   Balance  Balance   Score  Ratio   Coupon
c+N  8  c''c1 +  198 'c     +c9  39
N   1 c'' 3   +'  1  c   3
 +N  1 3' c'c   3  '+33 3 13 +   3 31
N  +  '1c'3c 3+  c+   '1 + +  3   3  
+N+  +3 1'1'+ +     '  + 3 3   3 c3c
+N+    3c'' 3 1  1  c1'+ c +  3   3 3 
+ +N+  +  ++' +'c+ c  +  c'11 + +13 31    
+N+  c c'c '+3  1 3  'c  ++ 3 3   3 +
++N  cc ++''1 c + 1  ' + 3 +33 3 +   
N    + 1' 3 '3 c 1 3  '333 +   31    3 
 +N   '+'    13'+  1 31    
N  1  3' c'c   3c   '+  c + 3 3  3  
+N3  + c'c '13c +  c1  ' c  3 3    c 
3N3   3 'c ' +    '+ 11 3+ 1 c   c3
Average, Weighted Average,
Total:   4,362$ 1 ,041,639,043.66  $2 38,798.50
100.00% 614 81.11% 8.253%



Prepayment Penalty Term of the Adjustable Rate Mortgage Loans


Weighted
Number
of
Percentage
of
Weighted Average Weighted
Average Average Original Average
Mortgage Principal Principal Principal Credit Loan-to- Gross
Prepayment Penalty Term (months)  Loans   Balance   Balance  Balance   Score  Ualue  Coupon
Ratio 
  'c+8  13'1 '1 c 1c c98 c+'1 +  + 3 39 3 +9
   1 
31'31+'c  3 3  11'1+  +3 3 3+  3 c
c  ' +3  '+'cc 3 c3   '1  +3 3 1  3 +
1+  13 'c '3 c   1  1'c  +  3 c   +
Average, Weighted Average,
Total:   4,362$ 1 ,041,639,043.66  $2 38,798.50
100.00% 614 81.11%  8.253%



Lien Type of the Adjustable Rate Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Lien Type Loans   Balance   Balance  Balance   Score  Ratio   Coupon
C 7  c'1+ 8  'c'+1'c1 ++  8 13'3 
 9 +c 3 9 3 19
Average, Weighted Average,
Total:   4,362$ 1 ,041,639,043.66  $2 38,798.50
100.00% 614 81.11%  8.253%


!/


Initial Interest Rate Cap of the Adjustable Rate Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Initial Rate Cap (%) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
   18  +'1+'+3 3  98 +'3+ c3 1 31 c9 3 3+c9
   1  +1c'cc 1c  +  'c3  +  3 1    
  c'1 '1c'3+'3 c  1  1'cc 3 +c 3   3 c
Average, Weighted Average,
Total:   4,362$ 1 ,041,639,043.66  $2 38,798.50
100.00% 614 81.11% 8.253%


Periodic Interest Rate Cap of the Adjustable Rate Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Periodic Rate Cap (%)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
   c8  +'+c'3    +c98 +' c 1 31 +9 3 9
   c'1 '1c'3'  +  1+  1'  c +c 3   3 c
Average, Weighted Average,
Total:   4,362$ 1 ,041,639,043.66  $2 38,798.50
100.00% 614 81.11% 8.253%



Gross Margin of the Adjustable Rate Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Gross Margin (%)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
 N+   3+38  ''c c3  8 ' +3
  9 +1 3 +39  319
+ N   1' 3 'c' +  c 31  1'3 c +1 3   3 1
 N3   c c1''3 c1 c   c' 3 33 +  1   1 c
3 N    c'cc      'c 3   3    c
Average, Weighted Average,
Total:   4,362$ 1 ,041,639,043.66  $2 38,798.50
100.00% 614 81.11% 8.253%



Maximum Mortgage Rate of the Adjustable Rate Mortgage Loans

Weighted
Number Percentage Weighted Average Weighted
 of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Maximum Mortgage Rate (%) Loans   Balance   Balance  Balance  Score  Ratio  Coupon
 N1   + 8  '1'3c 3  981 1'1 3 +  +9  39
1 Nc   c3 c''  c   11'+ + +cc 3 +   + +3
c N   '   1c'3'3  1   'c3 1 +   3   +
 N+   '11 1+'+3'  3  c1  11'c3 1 + 3   3 +c
+ N   c ''1   3    ' 3 3 31 1+   
 N3   1 c'3+'c c   3' + c  3 3c    c+c
3 N   c 3''   3 '3 11 ++ 3 c   1
 OP   1'3c +   1'c 13 c  +3     1+1
Average, Weighted Average,
Total:   4,362$ 1 ,041,639,043.66  $2 38,798.50
100.00% 614 81.11% 8.253%


!/+


Minimum Mortgage Rate of the Adjustable Rate Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Minimum Mortgage Rates (%) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
 N+   c8  '3++' 3 c  +981 '+ 1 + 3 9  3+9
+ N    ' '  +   1'c c +c 3 c3  + +
 N3   '  1c' '13 c 1 +  3'+3  +   +   1
3 N   '1  1+'+' 11   cc  11'+  +3 3   3 3
 N   c ' '+ 1 3 1c  '1c  3 31 1+   c
 N   + '1c'   1 33' 1 1  3c    c+
 N   c 3''   3 '3 11 ++ 3 c   1
 OP   1'3c +   1'c 13 c  +3     1+1
Average, Weighted Average,
Total:   4,362$ 1 ,041,639,043.66  $2 38,798.50
100.00% 614 81.11%  8.253%



Initial Rate Adjustment Date of the Adjustable Rate Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Initial Interest Rate Adjustment Date  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
6' 3  8  'c +  98 'c + 3 + 9  c9

6&' 3  3 ''1     '3 3 +  3 3  3 3 
 ' 3  3 1' c'3      c'+ + +3 3    c
! 
' 3   cc'  '1  ++ c   +'c  c  + 31 1   3  c
- 
' 3  '  1'1+' +1 3 3   c'  3 + 3   3 1+
D
' 3  '3+ c'3'1 1 c   c'1c c1 +c 3 3  3 
*
' 3   c''   c  c' 33  + 3 3 1c  3 +
6&'   c 13'c 3    1c'+1  + 1 3   3 11
 '    1'c'+3 +    3'c c 3  3 +  3 33
! 
'   11 'c'c +    c'3 c +c 31 +  3 c
- 
'    + 11''cc 3 1 3  +1' c +  3   3 13
D
'   3 'c'c + c    +'+ 1  +1 3 1   +3
*
'   + c'c'+ c  c  '++ 1 +  3+ 1   3
Average, Weighted Average,
Total:   4,362$ 1 ,041,639,043.66  $2 38,798.50
100.00% 614 81.11% 8.253%


!/+


Product Types of the Interest-Only Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Product Type Loans   Balance   Balance  Balance   Score  Ratio   Coupon
I:2@/-   +3c8  '1 '1+ 1c  8 33'c1 
+3  9 +cc 3 9  +19
1C#@/-    '3'11 31 c  +'3 +  +c+ 3    3
1I:2@/-   ++ 31'c'c   c 1'3 + + 31    c+
Average, Weighted Average,
Total:   977$ 2 87,103,704.46  $2 93,862.54
100.00% 646 82.54% 7.589%



Current Gross Mortgage Rate of the Interest-Only Mortgage Loans

Number Percentage Weighted  Weighted
of
Mortgage of Average Average Weighted Average
Principal Principal Principal Credit  Average Gross
Current Gross Mortgage Rate (%) Loans   Balance   Balance  Balance  Score Original  Coupon
Loan-to-
Ualue
Ratio 
 N   8   '   98  '  +c 3 9  9
 N+   1  '+'3  11 c  1c'+ 1  ++3  cc   3
+ N+    '+' c   3 13'131 3 ++ 3 +  + 1 
+ N   +3 ' '13    1 'c 3 + 3   + 3
 N   1 c'c3'+1+ 13  c  3c' + + 3    1
 N3    'c3'  1    +'1c  +1 3 +3   +
3 N3   11 13''c + 1   3+' 1 +c 3c c+  3 3 
3 N   3  +' 3'+    1 '3  +c  3c +  3  
 N   1 '1'   1   3'3 3 +1 3 1    
 N   1 +'+c'1  11  '31  +   c   1+
 N   3 ''   c c'  +c       1
 N   c ''   c  '3  +  c c   3
 N    3'     3'       
Average, Weighted Average,
Total:   977$ 2 87,103,704.46  $2 93,862.54
100.00% 646 82.54% 7.589%


!/+ 


Current Mortgage Loan Principal Balance of the Interest-Only Mortgage Loans


Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Current Unpaid Principal Balance ($)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
' N'   8  'c' 3  98 3'   +13 3 39 3 9
' N'   1 c'1 '++ 1
 c    +'3 c +1 3 3   3
' N '   c 'c'     ' 3 +1+ 3    1 
' N '   + 1+'1' +  +  '  +cc 3 1   +
' N1'   1 1'1'1c     c'1+  +c  31    + 3
1' N1'     '+1c'3 +  1   1 '3  +1+ 3 3   
1' Nc'   33 1 'c'c +  c  1c'13 1 + 3 c   1 
c' Nc'    1 'c' 3    c '3  + 31 c   c
c' N'    1'+31'c  3   c1'++   +  3c     +
' N'    c' cc'3c c c +   '3+  +cc 3c    1
' N+'    ''   1 c  +'c  c + 3    3c
+' N+'   c 3'1'+  1 1  + '1+  +1 3c    1c
+' N'    '1'33 3   +'1c c ++ 31    1
' N'   + c'1 '       '11 11 ++    3 1
' N3'    ' '1   1  +'+  + 3    3
3' N3'    31+'     31+'  +1      c
' N''    ''   +  '  + 3 +3   
'' OP   '1'   3 ''  +  3   3c 
Average, Weighted Average,
Total:   977$ 2 87,103,704.46  $ 293,862.54
100.00% 646 82.54%  7.589%



Original Mortgage Loan Principal Balance of the Interest-Only Mortgage Loans


Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Original Principal Balance ($) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
' N'   8  'c' 3  98 3'   +13 3 39 3 9
' N'   1 c'1 '++ 1 c    +'3 c +1 3 3   3
' N '   c 'c'     ' 3 +1+ 3    1 
' N '   + 1+'1' +  +  '  +cc 3 1   +
' N1'   1 1'1'1c     c'1+  +c  31    + 3
1' N1'     '+1c'3 +  1   1 '3  +1+ 3 3   
1' Nc'   33 1 'c'c +  c  1c'13 1 + 3 c   1 
c' Nc'    1 'c' 3    c '3  + 31 c   c
c' N'    1'+31'c  3   c1'++   +  3c     +
' N'    c' cc'3c c c +   '3+  +cc 3c    1
' N+'    ''   1 c  +'c  c + 3    3c
+' N+'   c 3'1'+  1 1  + '1+  +1 3c    1c
+' N'    '1'33 3   +'1c c ++ 31    1
' N'   + c'1 '       '11 11 ++    3 1
' N3'    ' '1   1  +'+  + 3    3
3' N3'    31+'     31+'  +1      c
' N''    ''   +  '  + 3 +3   
'' OP   '1'   3 ''  +  3   3c 
Average, Weighted Average,
Total:   977$ 2 87,103,704.46  $ 293,862.54
100.00% 646 82.54%  7.589%


!/+1


Remaining Term to Maturity of the Interest-Only Mortgage Loans


Weighted
Number
of
Percentage
of
Weighted Average Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Remaining Term (months)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
1N1+  8  3'1'c c+  8 1'3+ c
 9 +c+ 3 c9  39
Average, Weighted Average,
Total:   977$ 2 87,103,704.46  $2 93,862.54
100.00% 646 82.54%  7.589%



Original Term to Maturity of the Interest-Only Mortgage Loans


Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Original Term (months)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
1N1+  8  3'1'c c+  8 1'3+ c
 9 +c+ 3 c9  39
Average, Weighted Average,
Total:   977$ 2 87,103,704.46  $2 93,862.54
100.00% 646 82.54% 7.589%



Combined Loan-to-Ualue Ratio of the Interest-Only Mortgage Loans*


Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Combined LTU Ratio (%) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
1 N1   8  ' 3  398 ' 3 +1 1c 139 +  9
1 Nc     '   + '  + 13 c   
c Nc   1 +3c'+ 3  c  3' 11 11 +c c1 c  + c +
c N     'cc'   c  3'3  +1  c3 3c  + ++
 N   3 ''   +   '   +1   33   3 
 N+    '3' +  13  +'  +  3 1   3c
+ N+    '1'     '  c +1 +1 3  + c
+ N   1  ' '13 c1 1   3' +c +c1 +3     
 N    3' +'1 + 31 1' c +c 1 +   3+
 N3   +1 3'+'++ + +   +'c 3 +1c     c 
3 N3   ++ '+ '13 3  1 1 '+ 3 +c 3c c1   
3 N    c'3 c' 3 c3 + ++ 1c'+c 31 +1 3 c   
 N   1 cc'13'+c 3  c+ 1 c'  +c   3+  3 +c
 N   c +''+31 3 cc   3' 1 +1 3 +   c
Average, Weighted Average,
Total:   977$ 2 87,103,704.46  $2 93,862.54
100.00% 646 82.54% 7.589%


K% 
/ /    '# ' 
    ,. 
      ,.
  
& '     ,. 
    &      ,. 
    & % 
/ /  
     & 
Q' '#
1 Q   

!/+c


Original Loan-to-Ualue Ratio of the Interest-Only Mortgage Loans*

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Original LTU Ratio (%) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
1 N1   8  ' 3  398 ' 3 +1 1c 139 +  9
1 Nc    '   + '  + 13 c   
c Nc   1 +3c'+ 3  c  3' 11 11 +c c1 c  + c +
c N    'cc'   c  3'3  +1  c3 3c  + ++
 N   3 ''   +   '   +1   33   3 
 N+   + '1 ' +  c+  '+ ++ +1+ 3   + 
+ N+    '1'     '  c +1 +1 3  + c
+ N   11 '+'13 c  1 1  '1 3 +c1 +3     
 N   3 3'c '   1 1'  +c+ 1    c+
 N3   c'++'++ 1   c  3'  +     1
3 N3   + ' '1 c 3 3 11'1 1 +c1 3c cc   11
3 N    c3'cc'33 c + 33 1c'3 +1 +1 3 +1   c
 N    1 13'+1' c  1  1+'1  +1 c 3  3 
Average, Weighted Average,
Total:   977$ 2 87,103,704.46  $2 93,862.54
100.00% 646 82.54% 7.589%


K% / /       7%F 
 &
Q' '#1 Q   % / / 
      & 

Q' '#1 Q   


Geographic Distribution of Mortgaged Properties of the Interest-Only Mortgage Loans


Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
State  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
$   138  cc'cc ' +c   1981 '1+ 3 + 3 39  c39
C   1 '3'1 +     1 '   +c+ 3 +   3+
D @?   1  'c'   c 1 1'3c + +c3 3 c   
2&  c ''+3 + c 3   '+3 + +c 3c 3   +3
D 6&  1 'cc' c c + 1 '31 + +c  3+    +
0  c3 '+1'1  c +  c '1 + +c 3    3
<    1 'c+' 1 3   c'3c 1  +1 3c 3    
2    1c +'1' 3  3  ' c  +c  3    +
E   + +'c31'  + c' 1  ++ 3 3   
  1 +'c1c'+3+ 3 c  c'c3  +13 3+ 1  3 cc
D    '3'11  3  1' 1  +1 3 +   c
2   ' '+ +3  3 1' cc  + 3   3 +
%#  + 1'+3'1 +  1  1'c+  +c 3   3  
$   1'c1c'+1 +1     '1  +c+ 3 1   3
)&   3 1'+'3+    '1 + + 1 3c +   
-    1c c'+c' 1 + 3  31'3+ 31 +1c 3c c   3+
Average, Weighted Average,
Total:   977$ 2 87,103,704.46  $2 93,862.54
100.00% 646 82.54%  7.589%


!/+


Occupancy Type of the Interest-Only Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Occupancy Type  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
  ) &  8  '    c98 '     9  9

)&:  c 3' 11'11+ 
  +  ' 1  +c 3 c   +
!E   +'+c'cc + 1+  '1c   +3  3c 1  3 1 
Average, Weighted Average,
Total:   977$ 2 87,103,704.46  $2 93,862.54
100.00% 646 82.54% 7.589%



Mortgaged Property Type of the Interest-Only Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Property Type  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
-C&  +3+8  ''c1 3  98 1'3c 1 +cc 3 19  +9
)A**    1 c1'3'31 c  + 1'  3 +c+ 3 3   1
$  3+ ''c1 33    1' c3 33 +3 31 1   +3
/cA   1  ''  c  1+' c  + 3    1c
)A*    11 '+'1++ c 3  c'c1 1+ +c 3c    +
2E   3'   3  3'  + c 3   
Average, Weighted Average,
Total:   977$ 2 87,103,704.46  $2 93,862.54
100.00% 646 82.54%  7.589%



Mortgage Loan Purpose of the Interest-Only Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Loan Purpose Loans   Balance   Balance  Balance   Score  Ratio   Coupon
)   c+8  3''  3 cc 3c98 ' 3c  +  3 c9  + 9
$ -   13 'c '13 1  c c 1'  +1 31 c   +c3
: I%    1'' + + 1   3'3   +c+ 31     
Average, Weighted Average,
Total:   977$ 2 87,103,704.46  $2 93,862.54
100.00% 646 82.54% 7.589%


Mortgage Loan Documentation Type of the Interest-Only Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Documentation Type  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
C*    +c8  3'1 'c 1 + 3198 3'31 1 +1 3 9  9
7 *    c c'c3'cc   cc  +'1 3+ +c 3    3
!  *    1+ '3 '1 + 1 1 1 c'+   + 3 c  3 
Average, Weighted Average,
Total:   977$ 2 87,103,704.46  $2 93,862.54
100.00% 646 82.54% 7.589%


!/++


Credit Score Distribution of the Interest-Only Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Credit Score Loans   Balance   Balance  Balance   Score  Ratio   Coupon
N  8  1+c'   1981 +c'    9   9
+N+  3 ' +'+1 3c    +1'+ 1   3c +   333
+N+   31 '+'3    c  '1+ 1  +1 3     +3
+ +N+   +'3'31 
 + +  3 '1  cc +13 3 c   +c3
+N+   ' '+c 3+   1 ' 33 ++ 3    c+ 
++N  3 +'+'1 c  1 11'1  +33 3 c   cc
N   c c'3 c' 3   + 1'c c    31 3+   
 +N  + ' 'cc   1 3 1'3 1 +  1 31    3
N  3 '3 ' 3   3 1 '3+ c  3 c+   c
+N3  1 'c1'    c+'+++ + 3c 1    33
3N3    '     '   3c 3   3 
Average, Weighted Average,
Total:   977$ 2 87,103,704.46  $2 93,862.54
100.00% 646 82.54% 7.589%



Prepayment Penalty Term of the Interest-Only Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Prepayment Penalty Term (months)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
  8  '+'c + c 981 '3 c +c 3c 19 3 9
   +3 ''c   +3 1 c'c 3 +c 31 +3   33
c  c '3c+'3 + c   +'  1 +cc 3     13
1+   ''31    +  ' + + 3 c   +
Average, Weighted Average,
Total:   977$ 2 87,103,704.46  $2 93,862.54
100.00% 646 82.54%  7.589%



Lien Type of the Interest-Only Mortgage Loans


Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Lien Type Loans   Balance   Balance  Balance   Score  Ratio   Coupon
C 7  8  3'1'c c+  8 1'3+ c
 9 +c+ 3 c9  39
Average, Weighted Average,
Total:   977$ 2 87,103,704.46  $2 93,862.54
100.00% 646 82.54% 7.589%


!/+


Initial Interest Rate Cap of the Interest-Only Mortgage Loans


Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Initial Rate Cap (%) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
C#:   8  '3'11 31 c98 +'3 +  +c+ 3 9  39
   1 c1'+   + 
'+  +1 3+ 3  3 +
  c 3'' +c  3  +'c3   +c+ 3 c   3
Average, Weighted Average,
Total:   977$ 2 87,103,704.46  $2 93,862.54
100.00% 646 82.54% 7.589%



Periodic Interest Rate Cap of the Interest-Only Mortgage Loans


Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Periodic Rate Cap (%)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
C#:   8  '3'11 31 c98 +'3 +  +c+ 3 9  39
   1 c1'+   + '+  +1 3+ 3  3 +
   c 3'' +c  3  +'c3   +c+ 3 c   3
Average, Weighted Average,
Total:   977$ 2 87,103,704.46  $2 93,862.54
100.00% 646 82.54% 7.589%


Gross Margin of the Interest-Only Mortgage Loans

Weighted
Average
Weighted Original Weighted
Number
of
Percentage
of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Gross Margin (%)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
C#:   8  '3'11 31 c98 +'3 +  +c+ 3 9  39
 N+    3 '1'1+ 1 3 +  +'1  ++ 3 1   cc
+ N   + 3'+'3  +   '+c  +c  3 +    
 N3    cc'    cc'  + 3 + +1   
Average, Weighted Average,
Total:   977$ 2 87,103,704.46  $2 93,862.54
100.00% 646 82.54%  7.589%



Maximum Mortgage Rate of the Interest-Only Mortgage Loans


Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Maximum Mortgage Rate (%) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
C#:   8  '3'11 31 c98 +'3 +  +c+ 3 9  39
 N1   1+  '1c3'3  11 c 1 1c1' 1 c ++  c   3c3
1 Nc   1 +'+1 '1 1 + + 1 +'+  +c  +  + ++c
c N   c'1'+3  13 1  '3+ + +c1 3    c 
 N+    + '+1'+1    3+ 1+'+c 3 +c  3c 1  3 c31
+ N   + +'1' 3     '1c  +      c
 N3     'c1'c   +  3' 31 +11 1 c   c1
3 N    3'     3'       
Average, Weighted Average,
Total:   977$ 2 87,103,704.46  $2 93,862.54
100.00% 646 82.54% 7.589%


!/+3


Minimum Mortgage Rate of the Interest-Only Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Minimum Mortgage Rate (%)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
C#:   8  '3'11 31 c98 +'3 +  +c+ 3 9  39
 N+   + 'cc' c   1c '1  ++3  c3   3+
+ N    31''     1 'c3 c3 +  1  + +
 N3   c '+1'+  13    ' 3 +c1 3 1   1
3 N   3 +1' 1+'  1 1c' +  +c 3c c  3 c3 
 N   + +'1' 3     '1c  +      c
 N     'c1'c   +  3' 31 +11 1 c   c1
 N    3'     3'       
Average, Weighted Average,
Total:   977$ 2 87,103,704.46  $2 93,862.54
100.00% 646 82.54%  7.589%



Initial Rate Adjustment Date of the Interest-Only Mortgage Loans


Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Initial Interest Rate Adjustment Date  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
C#:   8  '3'11 31 c98 +'3 +  +c+ 3 9  39
6&' 3   +'  1  + +'  1 +c  3    
 ' 3   ' ' 3     3+'c  +  3   3 1c1
! 
' 3  + c'3c'c1 +   +  '  c3 +  3c 3  3 +3
- 
' 3   +'31'+  + 3  3c'  +c+ 3    +13
D
' 3  13 '1+'  1 c  '3  +cc 3 +   +
*
' 3   '3'   13  '3  +c 3 31   c+3
6&'    c3'1c     c'  + 3    3 1+c
 '    '+c '+c 3     1' + +1    3  
! 
'   11  '33'cc + c c 1'11  +c 3 +   c
- 
'    c'131'31+ 1  1   '   +11 3c ++   c
D
'     +' '1    1 11'c   +  3 1   1 
*
'    ' +'    1 1' 3 + 3 3    
Average, Weighted Average,
Total:   977$ 2 87,103,704.46  $2 93,862.54
100.00% 646 82.54%  7.589%


!/+


Product Type of the Balloon Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Product Type Loans   Balance   Balance  Balance   Score  Ratio   Coupon
cI1 I:2  '18 1 c'' +  +c 3198 c'c1 3+  3 9 3 c+9
cI11I:2  13'31'   3  1' + +  
  3 
cI1C#  1c 31'ccc'+ +  3  1' c  +1    3 
Average, Weighted Average,
Total:   2,142$ 5 46,028,810.44  $2 54,915.41
100.00% 604 79.66% 8.372%



Current Gross Mortgage Rate of the Balloon Mortgage Loans


Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Current Gross Mortgage Rate (%) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
 N+   38  +'1'c 1 31  981 c'c cc +c c +9  339
+ N+   + ' '13+  c  1 ' 1 + + 1  + 1+
+ N   c c' c' +  3 +1 1+'  +1  + 1c  + 3c
 N   + 'c3'13 c    3'+ 3  + c +    1+
 N3   1cc ' '+11 1   c  ' 3  +c 3 +   3
3 N3   3  ' '13 c 1 c  '3+ 3 + 3   3 3
3 N   1 1'+cc'     c3'1c 3  3   3 1
 N   3 '3++'1+   +  c' 33 3 3 3    
 N    c' 1'c c     3'c+ + 3 3    
 N   3 ' 31'c 1 c 3  +'1 3 cc 3+ 3c 3    3 
 N     '+'11 1 +  '1c +1 + 3c    1
 N    '11'   c1 1'1+c   3    
 N    ''   1+  ' 31 1  3+ +   +
 N   c '33    1'  1  c   1 +
 N1    3' +  c c'1+ 3 c c1    + 
Average, Weighted Average,
Total:   2,142$ 5 46,028,810.44  $2 54,915.41
100.00% 604 79.66% 8.372%


!/


Current Mortgage Loan Principal Balance of the Balloon Mortgage Loans


Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Current Unpaid Principal Balance ($)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
 N'   +8  'cc+   98 c' +3 c  c 339  + +9
' N'     c'+3'  1 3 3'+   + c  +1
' N'   1 cc' '11 + 3   +'c   3   3 3
' N '   1++ +c' 3' + +  c ' 1 3 3 + c 3 3
' N '   1c +'cc1'c 3 c  c'311 c c  + 3 c 
' N1'   c1 +'1'133 +  3 +'  + 3 3  3 1+c
1' N1'   + c'cc'1c 1   3 1 +'1 c +c 3 + 3 1 
1' Nc'   3 c'c 'c3  1 3 1c'c+ + +  c+ 3 +
c' Nc'    c+'1'c 1  3 c c ' 3 1 + 1 3 1 3 3 
c' N'   3 c'++'11   cc c'3c1 1 +  3  3 
' N'   cc 1'c'1  c   1'33  +  3c c 3 
' N+'   1 1' c'+ 13 c  c'+  +1  3c c 3 +
+' N+'    'c1' +    1 +1' 3 c +1+  3 3 1 c
+' N'    c''+   3 +' c 1 +c 33 + 3 
' N'   + c'11'   3  '1  +1 3c 3c 3 +
' N3'    '+'c+ 3   31'13  +  3   +
3' N3'   1 '11'+c 13  c+ 3cc'  c+ + 31 3 3 + 
3' N'    3' c  + 3' c +  3 3   
' N'    '1 c   '1 c +1c 3  3 
'' OP  1 1'c1 'c +  +1'cc' 3 1 ++3 3   113
Average, Weighted Average,
Total:   2,142$ 5 46,028,810.44  $ 254,915.41
100.009 604  
79.669 
8.3729



Original Mortgage Loan Principal Balance of the Balloon Mortgage Loans


Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Original Principal Balance ($) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
 N'   +8  'cc+   98 c' +3 c  c 339  + +9
' N'    1'3+3' 3  c  3'3 1  + 3   3
' N'   11 cc'c'c+3  3    ' 31 3    3 
' N '   1+ +1' 3'c  c    'c+ 1+ 3 + 1  3 
' N '   1c +'+c1'1  1c c c  c'+ c     3 c+
' N1'   c1 +'1'133 +  3  +'  + 3 3   3 1+c
1' N1'   +c 1'c c'3c +  3  1 '+  + 3   3 11
1' Nc'    ''3c3  1   1c'33 3 +  1  3  
c' Nc'    c+'1'c 1  3 c  c ' 3 1 + 1 3 1  3 3 
c' N'   3 c'++'11   cc  c'3c1 1 +  3   3 
' N'   cc 1'c'1  c    1'33  +  3c c  3 
' N+'   1 1' c'+ 13 c   c'+  +1  3c c  3 +
+' N+'   c 3'31'cc1 1  +  + 3'3 1 +1c  3  3 c
+' N'   3 'cc'c1 +c    +' + +c  33 c3  3 
' N'   + c'11'   3   '1  +1 3c 3c  3 +
' N3'    '+'c+ 3    31'13  +  3    +
3' N3'   1 '11'+c 13  c+  3cc'  c+ + 31 3  3 + 
3' N'    3' c  +  3' c +  3 3    
' N'    '1 c    '1 c +1c 3   3 
'' OP  1  1'c1 'c +  +1 'cc' 3 1 ++3 3    113
Average, Weighted Average,
Total:   2,142$ 5 46,028,810.44  $ 254,915.41
100.00% 604 79.66% 8.372%


!/


Remaining Term to Maturity of the Balloon Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Remaining Term (months)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
1N1+  'c 8  c+' 3'3 cc  8 c' c
 9 +c  ++9 
3 1 9
Average, Weighted Average,
Total:   2,142$ 5 46,028,810.44  $2 54,915.41
100.00% 604 79.66%  8.372%



Original Term to Maturity of the Balloon Mortgage Loans


Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Original Term (months)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
1N1+  'c 8  c+' 3'3 cc  8 c' c
 9 +c  ++9 
3 1 9
Average, Weighted Average,
Total:   2,142$ 5 46,028,810.44  $2 54,915.41
100.00% 604 79.66% 8.372%



Combined Loan-to-Ualue Ratio of the Balloon Mortgage Loans*

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Combined LTU Ratio (%) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
 N   8  c' 3  98 c' 3    39   9
 N    c 1'13 +    3'1c +     3 1c
 N     '1+ c  1  3'+3  + c   3 1
 N1   c c '3 1  3 '1 +3 +  c  3 c1
1 N1   1 '31' c3    '3 33 c 11   3 
1 Nc    '+1'1c   c3 '+ + 3 1     
c Nc   c c'3'3++ +  33  'c   c c1 1   1
c N   1 +'++'  cc   'cc 1+ 3  c c   3
 N   c1 ' '      '3 3   +  3 
 N+    +'+c' 3 11 1   c'1+ 3 1 3 1c   3 +
+ N+   1 '+cc'+  c   '3c 1c 1 +1 1  3 c
+ N   c1 1'1'   + c  c'  3 +3 c  3 3c
 N    c'c1'  3 1   '+c 3 3 1 3  3 
 N3   1 3' 'c 1 c 1  +'c1    1+  3 cc+
3 N3    +'3'1c 3 1   c'3   3c   3 
3 N   cc3'+'1 3  33  +3' 3 + 3   3 +3
 N   +  c+''+ c 3 c+  3' c  +c c 11  3 
 N   11+ 'c'+c 3c +   +3'1 1 +++ 3 +  3 3
Average, Weighted Average,
Total:   2,142$ 5 46,028,810.44  $2 54,915.41
100.00% 604 79.66% 8.372%


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Original Loan-to-Ualue Ratio of the Balloon Mortgage Loans*

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Combined LTU Ratio (%) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
 N   8  c' 3  98 c' 3    39   9
 N    c 1'13 +    3'1c +     3 1c
 N     '1+ c  1  3'+3  + c   3 1
 N1   c c '3 1  3 '1 +3 +  c  3 c1
1 N1   1 '31' c3    '3 33 c 11   3 
1 Nc    '+1'1c   c3 '+ + 3 1     
c Nc   c c'3'3++ +  33  'c   c c1 1   1
c N   1 +'++'  cc   'cc 1+ 3  c c   3
 N   c1 ' '      '3 3   +  3 
 N+    +'+c' 3 11 1   c'1+ 3 1 3 1c   3 +
+ N+   c 1'c'1  c   '   1 +1 1  3 3c
+ N   c 1'c' 3 +3 + 3  'c   +3   3 
 N   + c'cc'    3 1   3' ++  3 1 3  3 c
 N3   '3'3+ +3 3 +  +'+31 1 + +  +  3 +
3 N3   13 '33c'3 + c +1  '  3  3c    3 c1
3 N   c3'+3' 1+     +c'  + 3 +  3 
 N   c1 c1''3    1'  +c1 c 3   3 c
 N    +' '11 +1    '1  ++     
Average, Weighted Average,
Total:   2,142$ 5 46,028,810.44  $2 54,915.41
100.00% 604 79.66%  8.372%


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Geographic Distribution of Mortgaged Properties of the Balloon Mortgage Loans


Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
State  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
$   c3 8  +''    1981 1'+ 1c +3  +9 3 1+9
D @?     c'cc'1 3  1 + 1 ' c1 + 1    3 c
C   1 +1''113 +     1' 1 3 3+ 3 +3  3 +3
D 6&   1c''3c + + 1  'c 1 +  3 1  3 cc1
2&  3 1' '  c   3'+ +  3 3  3 1
2     '+cc' 3 1 +  +'+3  +  3   3 1 
0  33 3'c3'33c + 1 1  ' c + 1    3 1 
<    +1 +'3'13 c  1   +3'13+ +  3   3  
  +3 'c'3  +  33  1'1 + +1 3 +3  3 3
E   11 '+'c    111'3 3 +c  +   3
)&    3'c'c1   +c + '  3  3    
F   1 3'11'311   1  '3c +3 + + 3  3 +c+
%#  c 3' 1'1c     '1  + + 3c ++   c
>  cc '+3 '3 c  c c'+c  + 31 31   1
D   1  'c3'+ +c  1  11'3 c +  1  3 c3
-    1 +'3'+c +3  c1 '   31   3 3c
Average, Weighted Average,
Total:   2,142$ 5 46,028,810.44  $2 54,915.41
100.00% 604 79.66%  8.372%


!/1


Occupancy Type of the Balloon Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Occupancy Type  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
  ) &  8  'c+' + 3  1198 c3'3 3 +  3c 9 3 39
)&:  '3c3' 1'+ + 33 3  ' 1   1  3 
!E  13 '3'c  +3  3  ' c  +1 3   3 
Average, Weighted Average,
Total:   2,142$ 5 46,028,810.44  $2 54,915.41
100.00% 604 79.66% 8.372%



Mortgaged Property Type of the Balloon Mortgage Loans

Property Type  Number
of 
Principal
Balance 
Percentage
 of
Average Weighted Weighted Weighted
 Principal Average Average  Average 
Mortgage Principal Balance  Credit  Original Gross
Loans  Balance  Score Loan-to- Coupon
Ualue
Ratio 
-C&  '8 1 3c'+c'+c+ c  1+98 c1'+c   +  +39 3 1+9
/cA    +'c'3 +  1+ 1'1c 1+ +1 3   3 +3
)A*/*      c3'  'c+  3 31  3' c +  3   3 1c
$  c 11' 3c'c  +   1'13 31 +  3  3 +
)A*/    1  '+1' +  1  13'c1+  c 3 +  3 
2E   '3   c  '3  3 3    
Average, Weighted Average,
Total:   2,142$ 5 46,028,810.44  $2 54,915.41
100.00% 604 79.66% 8.372%



Mortgage Loan Purpose of the Balloon Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Loan Purpose Loans   Balance   Balance  Balance   Score  Ratio   Coupon
$ -   '138 1 1' 3'1 c +c +98  ' 1 3+ 3  c+9 3 19
)   cc' c '+ 1 + +  +c'3 + +c 3c +  3 
: I%   c''31 1 3   cc' 3 +  3 1c  3 
Average, Weighted Average,
Total:   2,142$ 5 46,028,810.44  $2 54,915.41
100.00% 604 79.66% 8.372%



Mortgage Loan Documentation Type of the Balloon Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Documentation Type  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
C*    ' c38  'c'+c 1 1 c198 11'  3  
  9 3 9
7 *    11 3'3'+ +  +  +'    +   3 1
!  *    3+ c'c+'c+3  cc +  3'3  + +  c  3 +3 
Average, Weighted Average,
Total:   2,142$ 5 46,028,810.44  $2 54,915.41
100.00% 604 79.66% 8.372%


!/c


Credit Score Distribution of the Balloon Mortgage Loans


Number Percentage Weighted Weighted Weighted
 of of Average Average Average Average
Mortgage Principal Principal Principal Credit  Original Gross
Credit Score Loans   Balance   Balance  Balance  Score Loan-to-  Coupon
Ualue
Ratio 
c+N  c8  1' c'cc +  98 1'c 31   19 3 +9
N   3 +'3'13 1  c   'c1 13 1 c    3
 +N  + 3'c'c     c'1 1 1    3 
N  1 31'cc' cc c  1  1'  +   c  3 1
+N+  11 ''1 + +1 c c3  +'3 3 33  +  3 c+
+N+   ++ +'+3c'c c  +  +'  +1 3 +  3 3
+ +N+  1 '1 '333 1   3+  c3' 3 +1 31 1  3 c
+N+  + +'31'3c 1c    c'+ 1 ++  3 1   
++N   1 '3c'c 1 + c 1 '++ 3+ +3 3    3
N   3 '1'3   1  1 '3 + 1 3    3+
 +N  c  ' 31' +c 1 3 1+1'33  13 3 1   33
N  + c'3'1     1'1   + 3c   3 
+N3   ''+1   1  '+1 3 3 31 +   33
3N3    c'1c 3    c'+  3        +
Average, Weighted Average,
Total:   2,142$ 5 46,028,810.44  $2 54,915.41
100.00% 604 79.66%  8.372%



Prepayment Penalty Term of the Balloon Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Prepayment Penalty Term (months)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
  +8  +c'3'c  1 398  '1+ c + 3 9 3 +39
   + ''3 +  c3 1c+'+1  ++ 3   3 +
c  c 1'+'3 + c1   1'1  3 3   3 1 
1+  13 3+'c+'+ c  31  3'  c +  c  3 1c
Average, Weighted Average,
Total:   2,142$ 5 46,028,810.44  $2 54,915.41
100.00% 604 79.66% 8.372%



Lien Type of the Balloon Mortgage Loans

Weighted
Number Percentage Weighted Average Weighted
 of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Lien Type Loans   Balance   Balance  Balance  Score  Ratio  Coupon
C 7  'c 8  c+' 3'3 cc  8 c' c
 9 +c  ++9 
3 1 9
Average, Weighted Average,
Total:   2,142$ 5 46,028,810.44  $2 54,915.41
100.00% 604 79.66%  8.372%


!/


Initial Interest Rate Cap of the Balloon Mortgage Loans


Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Initial Rate Cap (%) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
C#:   1c8  31'ccc'+ +  398 1' c +1  9 3 9
  '33c+ '3c'1c 31   3' +
3c      3 c 

Average, Weighted Average, Total:  2,142$ 5 46,028,810.44 100.00%


 $2 54,915.41 604 79.66% 8.372%



Periodic Interest Rate Cap of the Balloon Mortgage Loans


Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Periodic Rate Cap (%)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
C#:   1c8  31'ccc'+ +  398 1' c +1  9 3 9
   '33c+ '3c'1c 31 3c    3' +     3 c 

Average, Weighted Average, Total:  2,142$ 5 46,028,810.44 100.00%


 $2 54,915.41 604 79.66% 8.372%



Gross Margin of the Balloon Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Gross Margin (%)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
C#:   1c8  31'ccc'+ +  398 1' c  +1  9 3 9
 N+    3'3 +'33 11 c cc  +1'+1c c +c 3 cc  3 c
+ N   '1+c1''+  + 1  +'11+ + + 3    3 c 
 N3    1 3' '3+   +  3'33c c   c   c
3 N    c'cc      'c 3   3    c

Average, Weighted Average, Total:  2,142$ 5 46,028,810.44  $2 54,915.41


100.00% 604  
79.66% 8.372%



Maximum Mortgage Rate of the Balloon Mortgage Loans


Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Maximum Mortgage Rate (%) Loans   Balance   Balance  Balance   Score  Ratio   Coupon
C#:   1c8  31'ccc'+ +  398 1' c  +1  9 3 9
 N1   3 +'1'c 1 31   1c'c cc +c c +   33
1 Nc    c'3' 1  3  1 '   +   1  + + 
c N   cc '1cc'  1 +  3c' 31 +     + c
 N+   +3c1'+c'  +    '1 +   3  3 c
+ N   c ''c   +  1c'c+ 3 3 3     c
 N3   3 1c'1+'+3  +   'c c  3 3 1   c1
3 N   3 1'c '3   3 c'+ c  1 3    cc
 OP  + 3'33 11  c 1'11 + 1+ +    c1
Average, Weighted Average,
Total:   2,142$ 5 46,028,810.44  $2 54,915.41
100.00% 604 79.66% 8.372%


!/+


Minimum Mortgage Rate of the Balloon Mortgage Loans

Weighted
Average
Number
of
Percentage
of
Weighted Original Weighted
Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit  Ualue Gross
Minimum Mortgage Rate (%)  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
C#:   1c8  31'ccc'+ +  398 1' c  +1  9 3 9
 N+    '+ 3'+ 3  1 1 '+1 + +1      3
+ N   + 1'c+' ++   1+'13 1 +  + c  + +c
 N3   c ' c'++3 c 1 +  3' + +  3   + 
3 N   +3c1'+c'  +    '1 +   3  3 c
 N   c ''c   +  1c'c+ 3 3 3     c
 N   3 1c'1+'+3  +   'c c  3 3 1   c1
 N   3 1'c '3   3 c'+ c  1 3    cc
 OP  + 3'33 11  c 1'11 + 1+ +    c1

Average, Weighted Average, Total:  2,142$ 5 46,028,810.44  $2 54,915.41


100.00% 604  
79.66% 8.372%



Initial Rate Adjustment Date of the Balloon Mortgage Loans


Weighted
Average
Number Percentage Weighted Original Weighted
of of Average Average Loan-to- Average
Mortgage Principal Principal Principal Credit Ualue Gross
Initial Interest Rate Adjustment Date  Loans   Balance   Balance  Balance   Score  Ratio   Coupon
C#:   1c8  31'ccc'+ +  398 1' c  +1  9 3 9
6' 3   'c +    'c + 3 +    c
6&' 3  c 'cc'1     3+'+ 1 + 31 3  
3 
 ' 3  3 'c3'  1  1  +'3 1 + 3 3+   1
! 
' 3    1 'c11'+ + +  c  3'3   31 +c   
- 
' 3  +1'c3' 3+   c 3   + '1 3   3  3 c
D
' 3   c'+ '+3 3 1   c '1 3 +  +  3 1+1
*
' 3   '+3 '3   c  +3' 3  +   1  3 1c
6&'    ' 1  c  ' 1  3 3 +3  3 
 '    +'1'  +    +' 1  3 3 c  3 3c
! 
'    1'1' + 1 c 3  'c    31  3 +3
- 
'    '3'cc  1 +3  3 'c 1 +3 3 c  3 1 +
D
'    '1 '       ++'+ 3 +   13   3
*
'   c +c' 3    +'   + 1 3    c3
Average, Weighted Average,
Total:   2,142$ 5 46,028,810.44  $2 54,915.41
100.00% 604 79.66% 8.372%


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Description of the Certificates

General

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Glossary of Terms

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Allocated Realized Loss Amount² :07     &
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Available Distribution AmountNC& 
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Bankruptcy Loss²? &7:07 * F *

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Certificate Principal BalanceN<   &$$2$  & 
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Class A Principal Distribution AmountN% $)* 
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Class M-1 Principal Distribution AmountN% $2/)* 
   
(  #4

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Class M-2 Principal Distribution AmountN% $2/ )* 
   
(  #4

 ï ,.  $  ) $$    ?
    
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Class M-3 Principal Distribution AmountN% $2/1)* 
   
(  #4

 ï ,.  $  ) $$    ?
    
  $)* 
    
 
  ',. $  ) $2/$    ?
    
  $2/)* 
    
 
  ',. $  ) $2/ $    ?
    
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#'&'  
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Class M-4 Principal Distribution AmountN% $2/c)* 
   
(  #4

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  ',. $  ) $2/$    ?
    
  $2/)* 
    
 
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Class M-5 Principal Distribution AmountN% $2/)* 
   
(  #4

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Class M-6 Principal Distribution AmountN% $2/+)* 
   
(  #4

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  $2/1)* 
    
 
  ',. $  ) $2/c$    ?
    
  $2/c)* 
    
 
  ',. $  ) $2/$    ?
    
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  ,. $  ) $2/+$  
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Class M-7 Principal Distribution AmountN% $2/)* 
   
(  #4

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Class M-8 Principal Distribution AmountN% $2/3)* 
   
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Class M-9 Principal Distribution AmountN% $2/)* 
   
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Class M-10 Principal Distribution AmountN% $2/)* 
  
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Class M Principal Distribution AmountN% $2/)* 
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Compensating InterestN<   && '&& 
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Credit Enhancement PercentageN% $ "  ) & 
  
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Credit Support Depletion Date²%   
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Debt Service ReductionN*
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Deficient UaluationN* F     &  
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Determination DateN% *  *     & 
   
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Expense Adjusted Mortgage RateN% "# 2 : & &
 
   
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Fixed Swap PaymentN<    
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Formula RateN% C: &$$2$  -/2 
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Interest Accrual PeriodN%   )& 
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Interest Carry Forward AmountN%   $&C      &$
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Liquidation ProceedsN  
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MarginN<    $$2$  '    
 

 4 

Related Margin

Class (1) (2)
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2/ 9 9
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2/1 9 9
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2/ 9 9
2/3 9 9
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Net Monthly Excess Cash FlowN% D 2 &"#$ C & 
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Net WAC Pass-Through RateN% D <$)/%  : & 
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Overcollateralization AmountN% - 0      & 
  
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Overcollateralization Floor AmountN% - 0 C     &
 
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Prepayment Interest ShortfallN<   &&   
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Principal Distribution AmountN% )* 
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Senior Interest Distribution AmountN% !  * 
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Servicing Fee RateN% !C: & 
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Subordination PercentageN<    $$2$  ' 

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Class  Percentage(%)  Class  Percentage(%)
  c1   2/+  3 
2/  c   2/   3 
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2/  3   
Subsequent RecoveriesN!
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Swap Agreement Notional BalanceN<        

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Calculation Period  Notional Balance ($)(1)
  ''3c' 
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Calculation Period  Notional Balance ($)(1)
  +1''+c 
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Percent of Initial Certificate Principal Balance Outstanding
at the Following Percentages of PPC

  Class A-1 Certificates 
Prepayment Assumption (PPC) 
       
Distribution Date  0.00%  50.00%  75.00%  100.00%  125.00%  150.00% 
 )         
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performance thereof, and should be read in conjunction therewith.

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Percent of Initial Certificate Principal Balance Outstanding
at the Following Percentages of PPC

  Class A-2 Certificates 
Prepayment Assumption (PPC) 
       
Distribution Date  0.00%  50.00%  75.00%  100.00%  125.00%  150.00% 
 )         
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This table has been prepared based on the structuring assumptions, including the assumptions regarding the
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performance thereof, and should be read in conjunction therewith.

!/1

Percent of Initial Certificate Principal Balance Outstanding
at the Following Percentages of PPC

  Class A-3 Certificates 
Prepayment Assumption (PPC) 
       
Distribution Date  0.00%  50.00%  75.00%  100.00%  125.00%  150.00% 
 )         
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This table has been prepared based on the structuring assumptions, including the assumptions regarding the
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performance thereof, and should be read in conjunction therewith.

!/1

Percent of Initial Certificate Principal Balance Outstanding
at the Following Percentages of PPC

  Class A-4 Certificates 
Prepayment Assumption (PPC) 
       
Distribution Date  0.00%  50.00%  75.00%  100.00%  125.00%  150.00% 
 )         
*
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Weighted Average Life (to call)(1)    3   3 1 +    

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This table has been prepared based on the structuring assumptions, including the assumptions regarding the
characteristics and performance of the mortgage loans which differ from the actual characteristics and
performance thereof, and should be read in conjunction therewith.

!/1 

Percent of Initial Certificate Principal Balance Outstanding
at the Following Percentages of PPC

  Class A-5 Certificates 
Prepayment Assumption (PPC) 
       
Distribution Date  0.00%  50.00%  75.00%  100.00%  125.00%  150.00% 
 )         
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This table has been prepared based on the structuring assumptions, including the assumptions regarding the
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performance thereof, and should be read in conjunction therewith.

!/11

Percent of Initial Certificate Principal Balance Outstanding
at the Following Percentages of PPC

  Class M-1 Certificates 
Prepayment Assumption (PPC) 
       
Distribution Date  0.00%  50.00%  75.00%  100.00%  125.00%  150.00% 
 )         
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Weighted Average Life (to call)(1)    1c 3 1    c 3c 1

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This table has been prepared based on the structuring assumptions, including the assumptions regarding the
characteristics and performance of the mortgage loans which differ from the actual characteristics and
performance thereof, and should be read in conjunction therewith.

!/1c

Percent of Initial Certificate Principal Balance Outstanding
at the Following Percentages of PPC

  Class M-2 Certificates 
Prepayment Assumption (PPC)
       
Distribution Date 0.00%  50.00%  75.00%  100.00%  125.00%  150.00% 
 )         
*
 '            
*
 ' 3        
*
 '        3 
*
 '      + 3 3 
*
 '     31   3 
*
 '      + 13   
*
 ' 1    3  c 1 
*
 ' c    c3    
*
 '     c + +   
*
 ' +    11   c  
*
 '       1  
*
 ' 3    1       
*
 '         
*
 '      + c   
*
 '      1 1   
*
 '          
*
 '  1        
*
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*
 '      +    
*
 '  +        
*
 '      c    
*
 '  3    1    
*
 '          
*
 ' 1        
*
 ' 1        
*
 ' 1         
*
 ' 11        
*
 ' 1c   33     
*
 ' 1   c     
*
 ' 1+        
        
Weighted Average Life (to
maturity)(1)(2)
   1c   + 3  3 + 1 +
Weighted Average Life (to call)(1)    1c 3 1   c  c 1 +

,. %      
&,. &   '&'
$  )
& 
&      
  
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,.
 
, . %      &       # 

This table has been prepared based on the structuring assumptions, including the assumptions regarding the
characteristics and performance of the mortgage loans which differ from the actual characteristics and
performance thereof, and should be read in conjunction therewith.

!/1

Percent of Initial Certificate Principal Balance Outstanding
at the Following Percentages of PPC

  Class M-3 Certificates 
Prepayment Assumption (PPC) 
       
Distribution Date  0.00%  50.00%  75.00%  100.00%  125.00%  150.00% 
 )         
*
 '         
*
 ' 3        
*
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*
 '      + c1  
*
 '     31   1+ 
*
 '      + 13   
*
 ' 1    3  c + 
*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
 ' 1        
*
 ' 1        
*
 ' 1         
*
 ' 11        
*
 ' 1c   33     
*
 ' 1   c     
*
 ' 1+        
        
Weighted Average Life (to
maturity)(1)(2)
   1c  + +  c +    
Weighted Average Life (to call)(1)    1c 3 1  1 c  c +  

,. %      
&,. &   '&'
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& 
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,.
 
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This table has been prepared based on the structuring assumptions, including the assumptions regarding the
characteristics and performance of the mortgage loans which differ from the actual characteristics and
performance thereof, and should be read in conjunction therewith.

!/1+

Percent of Initial Certificate Principal Balance Outstanding
at the Following Percentages of PPC

  Class M-4 Certificates 
Prepayment Assumption (PPC) 
       
Distribution Date  0.00%  50.00%  75.00%  100.00%  125.00%  150.00% 
 )         
*
 '         
*
 ' 3        
*
 '         ++
*
 '      + c1  ++
*
 '     31   + ++
*
 '      + 13   + 
*
 ' 1    3  c + 
*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
 ' 1        
*
 ' 1         
*
 ' 11        
*
 ' 1c   33     
*
 ' 1   c     
*
 ' 1+        
        
Weighted Average Life (to
maturity)(1)(2)
   1c  c +   c 3+ c   +3
Weighted Average Life (to call)(1)    1c 3 1  1 c c  c c  1 c

,. %      
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& 
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,.
 
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This table has been prepared based on the structuring assumptions, including the assumptions regarding the
characteristics and performance of the mortgage loans which differ from the actual characteristics and
performance thereof, and should be read in conjunction therewith.

!/1

Percent of Initial Certificate Principal Balance Outstanding
at the Following Percentages of PPC

  Class M-5 Certificates 
Prepayment Assumption (PPC) 
       
Distribution Date  0.00%  50.00%  75.00%  100.00%  125.00%  150.00% 
 )         
*
 '         
*
 ' 3        
*
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*
 '      + c1 c  
*
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*
 '      + 13   1
*
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*
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*
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*
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*
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*
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*
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*
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*
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*
 ' 1c   33     
*
 ' 1   c     
*
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Weighted Average Life (to
maturity)(1)(2)
   1c   +  c  c c1  1 
Weighted Average Life (to call)(1)    1c 3 1  1 c 1 c   1 +

K  
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   9 
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,.
 
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This table has been prepared based on the structuring assumptions, including the assumptions regarding the
characteristics and performance of the mortgage loans which differ from the actual characteristics and
performance thereof, and should be read in conjunction therewith.

!/13

Percent of Initial Certificate Principal Balance Outstanding
at the Following Percentages of PPC

  Class M-6 Certificates 
Prepayment Assumption (PPC) 
       
Distribution Date  0.00%  50.00%  75.00%  100.00%  125.00%  150.00% 
 )         
*
 '         
*
 ' 3        
*
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*
 '      + c1 + 
*
 '     31     +  3
*
 '      + 13   
*
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*
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*
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*
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*
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*
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*
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*
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*
 ' 11        
*
 ' 1c   33     
*
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*
 ' 1+        
        
Weighted Average Life (to
maturity)(1)(2)
   1c   + + c  c + c + 
Weighted Average Life (to call)(1)    1c 3 1    c 1 1 + 1 +

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$  )
& 
&      
  
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,.
 
, . %      &       # 

This table has been prepared based on the structuring assumptions, including the assumptions regarding the
characteristics and performance of the mortgage loans which differ from the actual characteristics and
performance thereof, and should be read in conjunction therewith.

!/1

Percent of Initial Certificate Principal Balance Outstanding
at the Following Percentages of PPC

  Class M-7 Certificates 
Prepayment Assumption (PPC) 
       
Distribution Date  0.00%  50.00%  75.00%  100.00%  125.00%  150.00% 
 )         
*
 '         
*
 ' 3        
*
 '         
*
 '      + c1 + +1
*
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*
 '      + 13   
*
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*
 ' c    c3    
*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
 ' 1+        
        
Weighted Average Life (to    1c    +   c + c 1 c 1
maturity)(1)(2)
Weighted Average Life (to call)(1)    1c 3 1    c 3 1 3 1 +

K  
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& 
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,.
 
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This table has been prepared based on the structuring assumptions, including the assumptions regarding the
characteristics and performance of the mortgage loans which differ from the actual characteristics and
performance thereof, and should be read in conjunction therewith.

!/c

Percent of Initial Certificate Principal Balance Outstanding
at the Following Percentages of PPC

  Class M-8 Certificates 
Prepayment Assumption (PPC) 
       
Distribution Date  0.00%  50.00%  75.00%  100.00%  125.00%  150.00% 
 )         
*
 '         
*
 ' 3        
*
 '         
*
 '      + c1 + 
*
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*
 '      + 13   
*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
 ' 11        
*
 ' 1c   33     
*
 ' 1   c     
*
 ' 1+        
        
Weighted Average Life (to
maturity)(1)(2)
   1c    3 c + c   1 
Weighted Average Life (to call)(1)    1c 3 1    c + 1  1 +

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& 
&      
  
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,.
 
, . %      &       # 

This table has been prepared based on the structuring assumptions, including the assumptions regarding the
characteristics and performance of the mortgage loans which differ from the actual characteristics and
performance thereof, and should be read in conjunction therewith.

!/c

Percent of Initial Certificate Principal Balance Outstanding
at the Following Percentages of PPC

  Class M-9 Certificates 
Prepayment Assumption (PPC) 
       
Distribution Date  0.00%  50.00%  75.00%  100.00%  125.00%  150.00% 
 )         
*
 '         
*
 ' 3         
*
 '         
*
 '      + c1 + 
*
 '     31   + 
*
 '      + 13   
*
 ' 1    3  c  
*
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*
 '     c +   
*
 ' +    11     
*
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*
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*
 '         
*
 '      +    
*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
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*
 ' 11        
*
 ' 1c   33     
*
 ' 1   c     
*
 ' 1+        
        
Weighted Average Life (to
maturity)(1)(2)
   1c 3 +   c   1   1 
Weighted Average Life (to call)(1)    1c 3 1    c 1 1  1 3

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$  )
& 
&      
  
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,.
 
, . %      &       # 

This table has been prepared based on the structuring assumptions, including the assumptions regarding the
characteristics and performance of the mortgage loans which differ from the actual characteristics and
performance thereof, and should be read in conjunction therewith.

!/c 

Pooling and Servicing Agreement

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!/+1

ANNEX I



Global Clearance, Settlement and Tax Documentation Procedures

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Certain U.S. Federal Income Tax Documentation Requirements


     
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