8-K 1 cwa0406_8k0409.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 25, 2004 CWA (Depositor) (Issuer in respect of Asset Backed Certificates, Series 2004-06) (Exact name of registrant as specified in charter) Delaware 33-63714 95-4449516 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) , , N/A 91110-7137 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (818)-304-4428 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events CWA Asset Backed Certificates Series 2004-06 On September 25, 2004, The Bank of New York, as Trustee for CWA, Asset Backed Certificates Series 2004-06, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of June 1, 2004, among CWA as Depositor, Countrywide Home Loans Servicing LP, Seller and Master Servicer and The Bank of New York, as Trustee. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit No. Description 99 Report to Holders of CWA, Asset Backed Certificates Series 2004-06 relating to the distribution date of September 25, 2004 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of June 1, 2004. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: September 25, 2004 CWA By: /s/ Courtney Bartholomew ------------------------------ Name: Courtney Bartholomew Vice President The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated September 25, 2004 Payment Date: 09/25/04 ------------------------------------------------------------ Countrywide Home Loans Servicing LP Asset Backed Certificates, Series 2004-06 ------------------------------------------------------------

~~Mortgage~~Class ~~Loan~~Information ~~Programs~~Current ~~for~~Payment ~~the~~Information ~~Initial~~---------------------------------------------------------------------------------------------------------------------------------- ~~Mortgage~~Beginning ~~Loans~~Pass inThru ~~the~~Principal ~~Initial~~Interest ~~Mortgage~~Total ~~Pool~~Principal ~~Percent~~Interest ofType ~~Number~~Class ~~Aggregate~~Code ~~Aggregate~~Name ~~Average~~Cert. ofBal. ~~Principal~~Rate ~~Principal~~Dist. ~~Current~~Amt. ~~Mortgage~~Dist. ~~Balance~~Amt. ~~Balance~~Dist. ~~Principal~~Losses ~~Loan~~Shortfalls ~~Program Loans Outstanding Outstanding Balance~~ ----------------------------- -------------- -------------------- ----------------- -------------------------------------------------- ~~30Y~~Senior ~~LIBOR~~1A1 1,805,249,240.14 1.885000% 14,034,737.57 3,119,320.25 17,154,057.82 0.00 0.~~..........~~00 111A2 ~~$ 2~~246,~~527~~169,~~514~~945.02 01.06985000% $1,913,824.70 ~~229~~447,~~774~~926.73 2~~/28~~,361,751.42 ~~LIBOR~~0.00 0.00 2A1 345,282,736.57 1.805000% 10,988,482.50 571,299.06 11,559,781.56 0.00 0.00 2A2 241,500,000.00 1.935000% 0.00 428,360.63 428,360.63 0.00 0.00 ~~2,056~~2A3 ~~326~~69,~~683~~888,~~066~~000.00 72.33215000% ~~158~~0.00 141,~~893~~901.76 ~~2/28~~141,901.76 ~~LIBOR~~0.00 -0.00 ~~Interest-Only~~2A4 ~~526 126~~264,~~647~~270,~~549~~000.00 2.84065000% ~~240~~0.00 500,~~775~~241.09 ~~3/27~~500,241.09 ~~LIBOR~~0.00 0.~~..............~~00 ~~13,156~~2A5 2811,~~159~~312,~~903,094~~830.58 482.46005000% ~~164~~9,~~176 3/27 LIBOR - Interest-Only 2~~680,~~239~~424.04 ~~525~~1,~~696~~491,~~586~~125.37 11,171,549.8041 ~~234,791~~0.00 ~~5/25 LIBOR~~0.~~...............~~00 1C 14,~~324~~561,~~922~~072,952.31 0.03000000% 10.00 15,~~324~~769,~~922~~865.41 ~~Fixed~~ 15~~-Year~~,769,865.41 0.00 0.00 P 100.00 0.000000% 0.00 372,374.93 372,374.93 0.00 0.00 Residual AR 0.00 0.000000% 0.00 ~~646~~0.00 ~~70,548,913~~0.00 10.5800 ~~109,209~~0.00 ~~Fixed 15~~-~~Year~~ --------------------------------------------------------------------------------------------------------------------------------- ~~Credit~~Subordinate ~~Comeback~~M1 138,000,000.00 2.215000% 0.00 280,197.50 280,197.50 0.00 0.00 M2 115,000,000.00 2.265000% 0.00 238,768.75 238,768.75 0.00 0..00 43M3 580,~~283~~500,~~134~~000.00 2.315000% 0.1200 ~~122~~170,~~864~~827.71 ~~Fixed~~170,827.71 ~~20-Year~~0.00 0.00 M4 57,500,000.00 2.815000% 0.00 148,373.96 148,373.96 0.00 0.~~....~~00 22M5 269,~~401~~000,~~215~~000.00 2.885000% 0.0500 ~~109~~182,~~146~~476.25 ~~Fixed~~182,476.25 ~~30-Year~~0.00 -0.00 ~~Credit~~M6 ~~Comeback~~46,000,000.00 3.065000% 0.00 129,240.83 129,240.83 0.00 0.~~........~~00 ~~982~~M7 ~~272~~46,~~036~~000,~~393~~000.00 63.10615000% ~~277~~0.00 152,~~023~~432.50 ~~Fixed~~152,432.50 ~~30-Year~~0.00 0.~~...........~~00 ~~5,122~~M8 ~~927~~46,~~118~~000,~~210~~000.00 203.80815000% ~~181~~0.00 160,~~007~~865.83 ~~Fixed~~160,865.83 ~~30-Year~~0.00 -0.00 ~~Interest-Only~~B ~~143 36~~46,~~165~~000,~~918~~000.00 4.615000% 0.8100 ~~252~~194,~~909 Fixed 30/15 - Balloon~~599.~~....~~17 ~~5 392~~194,~~638~~599.17 0.0100 ~~78,528~~0.00 -------------- -------------------- ------------------------------------------------------------------------------------------------ ---------------------------------------------------------------------------------------------------------------------------------- ~~Total/Avg./Wtd.~~Totals ~~Avg..~~- ~~24,952~~- $ 4,~~456~~427,~~729~~672,~~151 100~~852.~~00%~~31 $- ~~178~~36,~~612~~617,468.81 ~~==============~~24,500,197.73 ~~====================~~61,117,666.54 ~~=================~~- ~~Weighted~~- ~~Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Risk Loan~~-to- ~~Loan Program Rate (months) Score Value Ratio~~ ----------------------------- ---------------- ---------------- ------------------ ------------------------------------------------- ~~30Y~~Class ~~LIBOR.................~~Information ~~6.350%~~-------------------------------------------------------------------------------- ~~353.43~~Ending ~~635 91~~Cert.8% ~~2/28~~Unpaid ~~LIBOR................~~Type ~~7.198~~Class ~~357.79~~Code ~~615~~Name 81Notional Bal.3 ~~2/28~~Interest ~~LIBOR~~ - ~~Interest~~-~~Only~~------------------------------------------------------------------------------ 6Senior 1A1 1,791,214,502.~~335~~56 ~~359~~0.4200 ~~655~~1A2 81244,256,120.733 ~~3/27 LIBOR~~0.~~...............~~00 72A1 334,294,254.~~194~~06 ~~359~~0.7800 ~~604~~2A2 80241,500,000.600 ~~3/27~~0.00 ~~LIBOR~~2A3 ~~- Interest-Only 6~~69,888,000.~~427~~00 ~~359~~0.7700 ~~643~~2A4 81264,270,000.700 ~~5/25 LIBOR~~0.~~...............~~00 62A5 801,632,406.~~375~~55 ~~359~~0.00 ~~664~~C 584,524,455,483.50 0.00 ~~Fixed~~P ~~15-Year~~100.~~............~~00 70.~~226~~00 ~~178.04~~Residual ~~605~~AR 700.800 ~~Fixed~~0.00 15-~~Year~~ ------------------------------------------------------------------------------- ~~Credit~~Subordinate ~~Comeback...............~~M1 7138,000,000.~~344~~00 ~~179~~0.9500 ~~630~~M2 72115,000,000.000 ~~Fixed 20-Year~~0.~~............~~00 ~~7.319~~M3 ~~239~~80,500,000.3700 ~~609 69~~0.200 ~~Fixed~~M4 ~~30-Year - Credit Comeback~~57,500,000.~~..............~~00 60.~~245~~00 ~~359.85~~M5 ~~701 65~~69,000,000.400 ~~Fixed 30-Year~~0.~~............~~00 ~~6.817~~M6 ~~359~~46,000,000.2700 ~~624 74~~0.700 ~~Fixed~~M7 ~~30-Year - Interest-Only 6~~46,000,000.~~511~~00 ~~359~~0.8400 ~~649~~M8 7746,000,000.200 ~~Fixed 30/15 - Balloon~~0.~~....~~00 ~~7.906~~B ~~158~~46,000,000.5300 ~~565 72~~0.800 ---------------- ---------------- ------------------------------------------------ -------------------------------------------------------------------------------- ~~Total/Avg./Wtd.~~Totals ~~Avg..~~- ~~6.938%~~- ~~356~~4,391,055,383.3450 ~~621~~- ~~78.5%~~--------------------------------------------------------------------------------

Payment Date: 09/25/04 ------------------------------------------------------------ Countrywide Home Loans Servicing LP Asset Backed Certificates, Series 2004-06 ------------------------------------------------------------

~~Original~~Class ~~Term~~Information toCurrent ~~Stated~~Payment ~~Maturity~~Information ~~for~~Factors ~~the~~per ~~Initial~~$1,000 ~~Mortgage~~------------------------------------------------------------------------------------------------------------------------ ~~Loans~~Beginning inPass ~~the~~Thru ~~Initial~~CUSIP ~~Mortgage Pool Percent of Number Aggregate Aggregate Average of~~ Principal ~~Principal~~Interest ~~Current~~Ending ~~Mortgage~~Cert./ ~~Balance~~Type ~~Balance~~Class ~~Principal~~Code ~~Original~~Name ~~Term~~Cert. Bal.(~~months~~Face) ~~Loans~~Rate ~~Outstanding~~Numbers ~~Outstanding~~Dist. ~~Balance~~Dist. Notional Bal. ----------------------------- -------------- -------------------- --------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------ ~~ARM~~Senior ~~360~~1A1 1,805,249,240.14 1.885000% 126673AW2 7.713831 1.714454 984.494828 1A2 246,169,945.02 1.985000% 126673AX0 7.713831 1.805406 984.494828 2A1 345,282,736.57 1.805000% 126673AY8 30.744410 1.598424 935.313821 2A2 241,500,000.00 1.935000% 126673AZ5 0.000000 1.773750 171,~~989~~000.000000 $2A3 369,~~142~~888,~~782,731~~000.00 702.52215000% $126673BA9 ~~174~~0.000000 2.030417 1,~~706~~000.000000 ~~Fixed~~2A4 ~~180~~264,270,000.00 2.065000% 126673BB7 0.000000 1.892917 1,000.~~............~~000000 ~~694~~2A5 76811,~~224~~312,~~684~~830.58 12.71005000% ~~109,834~~126673BR2 ~~Fixed~~11.776672 ~~240~~1.814021 975.~~...............~~221906 22C 24,~~401~~561,~~215~~072,952.31 0.05000000% ~~109,146~~126673BM3 ~~Fixed~~0.000000 ~~360~~3.428231 983.577236 P 100.00 0.000000% 126673BN1 0.000000 3,723,749.300000 1,000.000000 Residual AR 0.00 0.~~........~~000000% ~~6,247~~126673BP6 ~~1,235,320,521~~0.000000 270.72000000 ~~197,746~~0.000000 -------------- -------------------- ----------------- --------------------------------------------------------------------- ~~Total/Avg~~Subordinate M1 138,000,000.~~/Wtd~~00 2.215000% ~~Avg~~126673BC5 0.000000 2.030417 241,~~952~~000.000000 $M2 4115,~~456~~000,~~729~~000.00 2.265000% 126673BD3 0.000000 2.076250 1,~~151~~000.000000 ~~100~~M3 80,500,000.00 2.315000% $126673BE1 ~~178~~0.000000 2.122083 1,~~612~~000.000000 ~~==============~~M4 ~~====================~~57,500,000.00 ~~=================~~2.815000% ~~Weighted~~126673BF8 ~~Weighted~~0.000000 ~~Weighted~~2.580417 ~~Weighted~~1,000.000000 ~~Average~~M5 ~~Average~~69,000,000.00 ~~Average~~2.885000% ~~Average~~126673BG6 ~~Current~~0.000000 ~~Remaining~~2.644583 ~~Credit~~1,000.000000 ~~Original~~M6 ~~Mortgage~~46,000,000.00 ~~Term~~3.065000% ~~Bureau~~126673BH4 ~~Risk~~0.000000 ~~Loan-to-~~2.809583 ~~Original~~1,000.000000 ~~Term~~M7 ~~(months)~~46,000,000.00 ~~Rate~~3.615000% ~~(months)~~126673BJ0 ~~Risk~~0.000000 ~~Score~~3.313750 ~~Value~~1,000.000000 ~~Ratio~~M8 46,000,000.00 3.815000% 126673BK7 0.000000 3.497083 1,000.000000 B 46,000,000.00 4.615000% 126673BL5 0.000000 4.230417 1,000.000000 ----------------------------- ---------------- ---------------- ----------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------ ~~ARM~~Totals ~~360...................~~- ~~7.031%~~- ~~359~~4,427,672,852.5531 ~~614~~- ~~80.9%~~- ~~Fixed~~- ~~180.................~~- ~~7.237~~- ~~178.07 607 70.9 Fixed 240................. 7.319 239.37 609 69.2 Fixed 360................. 6.682 359.41 642 72.7~~ ---------------- ---------------- ------------------ ---------------------------------------------------------------------- ~~Total/Avg./Wtd. Avg.. 6.938% 356.34 621 78.5%~~------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Servicing LP Asset Backed Certificates, Series 2004-06 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 2,455,942,727.75 2,068,512,755.75 4,524,455,483.50 Loan count 15470 9971 25441 Avg loan rate 6.999021% 6.887489% 6.95 Prepay amount 13,536,040.51 18,993,199.74 32,529,240.25 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 1,019,422.87 858,227.44 1,877,650.31 Sub servicer fees 151,284.11 194,600.82 345,884.93 Trustee fees 18,539.18 15,668.86 34,208.05 Agg advances N/A N/A N/A Adv this period 83,128.89 103,537.62 186,666.51 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Total ----- Realized losses 0.00 0.00 0.00 Cumulative losses 0.00 0.00 0.00 Coverage Amounts Total ---------------- ----- Bankruptcy 0.00 0.00 0.00 Fraud 51,049,858.14 40,950,145.86 92,000,004.00 Special Hazard 0.00 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 85.455113% 100.000000% 3,783,672,852.31 ----------------------------------------------------------------------------- Junior 14.544887% 0.000000% 644,000,000.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 142 21,706,516.11 60 to 89 days 18 2,785,775.13 90 or more 0 0.00 Foreclosure 9 1,313,268.90 Totals: 169 25,805,560.14 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- REO INFORMATION -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 0.00 Current Total Outstanding Number of Loans: 0 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 61,117,666.54 61,117,666.54 Principal remittance amount 36,617,468.81 36,617,468.81 Interest remittance amount 24,500,197.73 24,500,197.73

Mortgage Loan Principal Balances for the Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Mortgage Loan Mortgage Balance Balance Principal Principal Balances Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ $ 0.01 - $ 25,000.00.. 37 $ 658,916 0.01% $ 17,809 $ 25,000.01 - $ 50,000.00.. 408 17,670,147 0.40 43,309 $ 50,000.01 - $ 75,000.00.. 2,102 134,370,199 3.01 63,925 $ 75,000.01 - $100,000.00.. 3,238 286,889,151 6.44 88,601 $100,000.01 - $150,000.00.. 6,395 795,638,894 17.85 124,416 $150,000.01 - $200,000.00.. 4,649 809,805,868 18.17 174,189 $200,000.01 - $250,000.00.. 3,070 687,725,728 15.43 224,015 $250,000.01 - $300,000.00.. 2,098 576,126,211 12.93 274,607 $300,000.01 - $350,000.00.. 1,221 396,105,543 8.89 324,411 $350,000.01 - $400,000.00.. 878 330,143,265 7.41 376,017 $400,000.01 - $450,000.00.. 365 155,258,759 3.48 425,366 $450,000.01 - $500,000.00.. 286 137,775,167 3.09 481,731 $500,000.01 - $550,000.00.. 67 35,539,895 0.80 530,446 $550,000.01 - $600,000.00.. 59 34,237,213 0.77 580,292 $600,000.01 - $650,000.00.. 35 22,164,133 0.50 633,261 $650,000.01 - $700,000.00.. 11 7,463,100 0.17 678,464 $700,000.01 - $750,000.00.. 7 5,164,125 0.12 737,732 $750,000.01 - $800,000.00.. 4 3,122,800 0.07 780,700 $800,000.01 - $850,000.00.. 5 4,170,000 0.09 834,000 $850,000.01 - $900,000.00.. 4 3,515,050 0.08 878,763 $900,000.01 or Greater..... 13 13,184,987 0.30 1,014,230 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg... 24,952 $ 4,456,729,151 100.00% $ 178,612 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Mortgage Loan Mortgage Term Bureau Loan-to- Principal Balances Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ $ 0.01 - $ 25,000.00.. 9.891% 191.98 593 54.9% $ 25,000.01 - $ 50,000.00.. 9.025 318.84 592 69.5 $ 50,000.01 - $ 75,000.00.. 8.176 342.49 602 77.1 $ 75,000.01 - $100,000.00.. 7.546 351.31 607 79.2 $100,000.01 - $150,000.00.. 7.288 355.26 611 80.1 $150,000.01 - $200,000.00.. 6.992 356.36 614 78.9 $200,000.01 - $250,000.00.. 6.834 357.88 619 78.6 $250,000.01 - $300,000.00.. 6.690 358.30 623 78.4 $300,000.01 - $350,000.00.. 6.633 358.46 629 79.5 $350,000.01 - $400,000.00.. 6.560 359.11 635 78.5 $400,000.01 - $450,000.00.. 6.442 359.10 646 78.2 $450,000.01 - $500,000.00.. 6.380 358.57 652 74.6 $500,000.01 - $550,000.00.. 6.363 357.14 660 74.3 $550,000.01 - $600,000.00.. 6.267 356.99 647 69.7 $600,000.01 - $650,000.00.. 6.020 359.89 695 62.6 $650,000.01 - $700,000.00.. 6.326 360.00 677 61.9 $700,000.01 - $750,000.00.. 5.788 360.00 713 68.1 $750,000.01 - $800,000.00.. 6.118 360.00 653 63.9 $800,000.01 - $850,000.00.. 6.783 360.00 648 74.2 $850,000.01 - $900,000.00.. 6.259 359.75 688 63.0 $900,000.01 or Greater..... 6.213 359.45 690 51.5 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg... 6.938% 356.34 621 78.5%

Current Mortgage Rates for the Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Current Mortgage Balance Balance Principal Mortgage Rates (%) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 4.000 or Less........... 3 $ 571,962 0.01% $ 190,654 4.001 -4.500............ 28 6,647,212 0.15 237,400 4.501 -5.000............ 181 45,233,581 1.01 249,909 5.001 -5.500............ 916 232,025,824 5.21 253,303 5.501 -6.000............ 2,992 704,824,617 15.81 235,570 6.001 -6.500............ 4,311 886,384,354 19.89 205,610 6.501 -7.000............ 4,915 900,918,288 20.21 183,300 7.001 -7.500............ 3,456 573,366,480 12.87 165,905 7.501 -8.000............ 3,188 489,279,295 10.98 153,475 8.001 -8.500............ 1,907 266,695,476 5.98 139,851 8.501 -9.000............ 1,472 190,387,331 4.27 129,339 9.001 -9.500............ 651 74,964,159 1.68 115,152 9.501 -10.000........... 463 48,422,963 1.09 104,585 10.001 - 10.500........... 195 16,448,938 0.37 84,354 10.501 - 11.000........... 126 10,794,789 0.24 85,673 11.001 - 11.500........... 71 5,665,526 0.13 79,796 11.501 - 12.000........... 50 2,951,848 0.07 59,037 12.001 - 12.500........... 14 741,514 0.02 52,965 12.501 - 13.000........... 5 126,120 0.00 25,224 13.001 - 13.500........... 4 142,877 0.00 35,719 13.501 - 14.000........... 2 96,700 0.00 48,350 14.001 or Greater......... 2 39,298 0.00 19,649 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 24,952 $ 4,456,729,151 100.00% $ 178,612 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Current Mortgage Term Bureau Loan-to- Mortgage Rates (%) Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 4.000 or Less........... 3.993% 358.58 716 74.1% 4.001 -4.500............ 4.410 359.37 682 69.1 4.501 -5.000............ 4.869 359.61 675 76.9 5.001 -5.500............ 5.414 358.16 688 71.9 5.501 -6.000............ 5.865 357.47 662 74.1 6.001 -6.500............ 6.350 356.95 631 76.2 6.501 -7.000............ 6.826 356.30 614 78.5 7.001 -7.500............ 7.335 356.41 603 80.9 7.501 -8.000............ 7.816 355.69 596 82.4 8.001 -8.500............ 8.327 356.05 586 84.1 8.501 -9.000............ 8.806 353.64 578 84.3 9.001 -9.500............ 9.311 354.14 574 84.6 9.501 -10.000........... 9.796 350.32 569 83.8 10.001 - 10.500........... 10.336 344.54 559 79.7 10.501 - 11.000........... 10.823 331.37 565 79.9 11.001 - 11.500........... 11.335 348.82 570 81.3 11.501 - 12.000........... 11.823 353.33 552 79.1 12.001 - 12.500........... 12.328 339.75 555 83.5 12.501 - 13.000........... 12.728 281.63 584 69.3 13.001 - 13.500........... 13.321 290.97 558 69.1 13.501 - 14.000........... 13.674 360.00 557 75.7 14.001 or Greater......... 14.369 333.51 543 76.5 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.938% 356.34 621 78.5%

Remaining Terms to Stated Maturity for the Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Remaining Terms Mortgage Balance Balance Principal (months) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 1 - 120................. 42 $ 1,624,581 0.04% $ 38,680 121 - 180................. 658 75,056,851 1.68 114,068 181 - 300................. 166 12,312,685 0.28 74,173 301 - 360................. 24,086 4,367,735,034 98.00 181,339 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 24,952 $ 4,456,729,151 100.00% $ 178,612 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Remaining Terms Mortgage Term Bureau Loan-to- (months) Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 1 - 120................. 9.314% 97.17 629 64.6% 121 - 180................. 7.203 179.69 606 71.1 181 - 300................. 9.037 272.56 611 71.6 301 - 360................. 6.926 359.71 622 78.6 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.938% 356.34 621 78.5%

Original Loan-to-Value Ratios for the Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Original Mortgage Balance Balance Principal Loan-to-Value Ratios (%) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 50.00 or Less............. 986 $ 164,391,444 3.69% $ 166,726 50.01 - 55.00............. 496 101,601,434 2.28 204,842 55.01 - 60.00............. 700 130,854,947 2.94 186,936 60.01 - 65.00............. 1,016 192,111,636 4.31 189,086 65.01 - 70.00............. 1,680 311,631,571 6.99 185,495 70.01 - 75.00............. 2,125 407,643,357 9.15 191,832 75.01 - 80.00............. 9,416 1,635,274,692 36.69 173,670 80.01 - 85.00............. 2,544 467,311,003 10.49 183,691 85.01 - 90.00............. 3,335 614,177,253 13.78 184,161 90.01 - 95.00............. 1,023 182,243,210 4.09 178,146 95.01 - 100.00............ 1,631 249,488,605 5.60 152,967 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 24,952 $ 4,456,729,151 100.00% $ 178,612 ============== ==================== ================= ---------- Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Original Mortgage Term Bureau Loan-to- Loan-to-Value Ratios (%) Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 50.00 or Less............. 6.495% 349.99 642 41.3% 50.01 - 55.00............. 6.502 351.15 627 52.8 55.01 - 60.00............. 6.614 352.60 619 57.9 60.01 - 65.00............. 6.785 354.93 602 63.1 65.01 - 70.00............. 6.873 353.06 596 68.4 70.01 - 75.00............. 6.903 355.47 600 73.6 75.01 - 80.00............. 6.655 357.68 634 79.6 80.01 - 85.00............. 7.127 356.11 604 84.1 85.01 - 90.00............. 7.308 357.33 616 89.5 90.01 - 95.00............. 7.686 358.17 628 94.5 95.01 - 100.00............ 7.873 359.13 646 99.8 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.938% 356.34 621 78.5% ----------

State Distribution of the Mortgaged Properties for the Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Mortgage Balance Balance Principal State Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ Alabama................... 238 $ 25,793,903 0.58% $ 108,378 Alaska.................... 9 1,643,523 0.04 182,614 Arizona................... 694 97,344,442 2.18 140,266 Arkansas.................. 96 10,675,404 0.24 111,202 California................ 6,062 1,536,638,872 34.48 253,487 Colorado.................. 599 105,632,361 2.37 176,348 Connecticut............... 286 50,475,066 1.13 176,486 Delaware.................. 58 9,344,633 0.21 161,114 District of Columbia...... 33 8,338,952 0.19 252,696 Florida................... 2,188 323,247,440 7.25 147,736 Georgia................... 716 102,610,642 2.30 143,311 Hawaii.................... 141 37,545,734 0.84 266,282 Idaho..................... 117 15,851,798 0.36 135,485 Illinois.................. 971 159,729,373 3.58 164,500 Indiana................... 319 31,863,836 0.71 99,887 Iowa...................... 70 6,907,447 0.15 98,678 Kansas.................... 138 18,056,411 0.41 130,844 Kentucky.................. 183 19,709,138 0.44 107,700 Louisiana................. 248 29,446,053 0.66 118,734 Maine..................... 37 5,911,853 0.13 159,780 Maryland.................. 549 109,086,105 2.45 198,700 Massachusetts............. 642 144,645,634 3.25 225,305 Michigan.................. 1,050 134,750,373 3.02 128,334 Minnesota................. 352 59,231,324 1.33 168,271 Mississippi............... 137 14,129,963 0.32 103,138 Missouri.................. 597 68,299,201 1.53 114,404 Montana................... 40 5,330,521 0.12 133,263 Nebraska.................. 49 4,804,745 0.11 98,056 Nevada.................... 537 103,619,381 2.33 192,960 New Hampshire............. 211 39,993,089 0.90 189,541 New Jersey................ 680 138,448,214 3.11 203,600 New Mexico................ 83 11,559,633 0.26 139,273 New York.................. 770 179,697,464 4.03 233,373 North Carolina............ 367 51,342,754 1.15 139,899 North Dakota.............. 7 604,374 0.01 86,339 Ohio...................... 450 50,188,896 1.13 111,531 Oklahoma.................. 218 24,542,113 0.55 112,579 Oregon.................... 291 46,146,135 1.04 158,578 Pennsylvania.............. 507 66,284,482 1.49 130,739 Rhode Island.............. 88 16,865,351 0.38 191,652 South Carolina............ 124 16,510,344 0.37 133,148 South Dakota.............. 23 2,704,264 0.06 117,577 Tennessee................. 375 44,963,910 1.01 119,904 Texas..................... 1,665 193,741,644 4.35 116,361 Utah...................... 242 36,480,647 0.82 150,746 Vermont................... 13 1,859,230 0.04 143,018 Virginia.................. 743 137,445,900 3.08 184,988 Washington................ 643 119,989,815 2.69 186,609 West Virginia............. 43 5,234,196 0.12 121,725 Wisconsin................. 231 28,524,042 0.64 123,481 Wyoming................... 22 2,938,524 0.07 133,569 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 24,952 $ 4,456,729,151 100.00% $ 178,612 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Loan-to- State Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ Alabama................... 7.86% 353.25 610 84.2% Alaska.................... 7.547 359.97 608 88.1 Arizona................... 6.793 357.16 633 81.6 Arkansas.................. 8.013 353.44 614 91.5 California................ 6.396 357.96 638 74.3 Colorado.................. 6.652 358.90 632 81.3 Connecticut............... 7.358 358.46 603 78.5 Delaware.................. 7.417 353.66 596 83.5 District of Columbia...... 7.006 359.66 611 74.7 Florida................... 7.234 356.52 610 81.4 Georgia................... 7.587 356.67 609 84.3 Hawaii.................... 6.629 352.04 635 76.3 Idaho..................... 7.076 345.42 621 80.7 Illinois.................. 7.422 357.77 614 80.8 Indiana................... 7.498 353.17 608 83.8 Iowa...................... 7.839 357.06 616 82.8 Kansas.................... 7.535 352.35 621 84.6 Kentucky.................. 7.411 353.91 615 84.2 Louisiana................. 7.740 344.73 598 81.2 Maine..................... 8.277 355.49 588 82.9 Maryland.................. 7.233 355.65 605 80.1 Massachusetts............. 7.000 358.55 600 76.2 Michigan.................. 7.509 356.82 607 82.5 Minnesota................. 7.328 357.18 615 82.1 Mississippi............... 7.719 352.58 616 85.5 Missouri.................. 7.609 353.05 613 83.5 Montana................... 7.134 353.17 610 80.3 Nebraska.................. 7.295 351.46 618 81.3 Nevada.................... 6.910 356.05 620 80.0 New Hampshire............. 6.811 357.71 622 80.3 New Jersey................ 7.515 355.62 591 76.2 New Mexico................ 7.382 352.00 620 79.3 New York.................. 6.941 355.66 604 74.3 North Carolina............ 7.738 355.65 603 86.1 North Dakota.............. 7.421 326.14 629 85.0 Ohio...................... 7.497 352.05 607 82.8 Oklahoma.................. 7.463 350.53 621 85.5 Oregon.................... 6.607 358.04 637 79.8 Pennsylvania.............. 7.364 348.77 604 80.1 Rhode Island.............. 7.009 357.96 609 76.1 South Carolina............ 7.822 353.77 601 85.1 South Dakota.............. 7.293 356.41 603 82.8 Tennessee................. 7.573 355.00 617 88.1 Texas..................... 7.383 349.47 616 82.7 Utah...................... 6.720 354.69 631 81.4 Vermont................... 8.225 359.69 581 75.7 Virginia.................. 7.093 357.77 608 80.0 Washington................ 6.564 356.72 644 80.4 West Virginia............. 7.931 356.36 594 81.6 Wisconsin................. 7.862 357.18 605 81.1 Wyoming................... 7.125 353.75 600 76.4 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.938% 356.34 621 78.5%

Credit Bureau Risk Scores(1) for the Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Credit Bureau Mortgage Balance Balance Principal Risk Scores Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ Unknown................... 12 $ 1,144,500 0.03% $ 95,375 801 - 820................. 30 7,327,320 0.16 244,244 781 - 800................. 163 44,783,139 1.00 274,743 761 - 780................. 279 77,491,584 1.74 277,748 741 - 760................. 398 91,757,582 2.06 230,547 721 - 740................. 468 100,867,342 2.26 215,529 701 - 720................. 779 159,488,354 3.58 204,735 681 - 700................. 1,261 242,356,520 5.44 192,194 661 - 680................. 2,103 403,980,598 9.06 192,097 641 - 660................. 2,897 524,246,453 11.76 180,962 621 - 640................. 2,814 513,663,518 11.53 182,539 601 - 620................. 3,150 544,908,608 12.23 172,987 581 - 600................. 3,060 523,355,908 11.74 171,031 561 - 580................. 2,345 392,807,061 8.81 167,508 541 - 560................. 2,205 366,094,760 8.21 166,029 521 - 540................. 1,814 288,289,316 6.47 158,925 501 - 520................. 1,114 165,838,721 3.72 148,868 500 or Less............... 60 8,327,867 0.19 138,798 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 24,952 $ 4,456,729,151 100.00% $ 178,612 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Credit Bureau Mortgage Term Bureau Risk Loan-to- Risk Scores Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ Unknown................... 8.062% 323.99 N/A 68.0% 801 - 820................. 5.925 359.86 806 66.3 781 - 800................. 5.886 357.57 789 61.7 761 - 780................. 5.932 359.18 770 69.2 741 - 760................. 6.093 356.25 750 74.3 721 - 740................. 6.165 358.92 730 77.3 701 - 720................. 6.256 358.62 710 78.4 681 - 700................. 6.361 357.38 690 79.9 661 - 680................. 6.527 357.12 670 80.5 641 - 660................. 6.697 356.15 650 81.2 621 - 640................. 6.831 356.41 630 81.1 601 - 620................. 7.02 356.06 610 81.1 581 - 600................. 7.193 356.06 591 80.2 561 - 580................. 7.249 354.76 571 76.8 541 - 560................. 7.485 355.74 551 75.9 521 - 540................. 7.654 356.36 531 73.6 501 - 520................. 7.938 355.12 512 71.6 500 or Less............... 7.967 353.42 497 69.3 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.938% 356.34 621 78.5%

Original Prepayment Penalty Period for the Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Original Prepayment Mortgage Balance Balance Principal Penalty Period (months) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 0........................ 6,768 $ 1,137,722,378 25.53% $ 168,103 6........................ 18 2,275,352 0.05 126,408 12........................ 1,103 247,408,498 5.55 224,305 24........................ 2,212 424,910,386 9.53 192,093 30........................ 2 438,925 0.01 219,463 36........................ 11,331 1,942,042,931 43.58 171,392 60........................ 3,518 701,930,681 15.75 199,525 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 24,952 $ 4,456,729,151 100.00% $ 178,612 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Original Prepayment Mortgage Term Bureau Risk Loan-to- Penalty Period (months) Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 0........................ 7.405% 355.45 606 79.3% 6........................ 6.909 341.28 614 79.7 12........................ 6.847 357.37 618 77.0 24........................ 6.781 358.51 624 80.2 30........................ 9.130 360.00 608 92.3 36........................ 6.832 358.09 620 80.3 60........................ 6.598 351.35 648 71.4 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.938% 356.34 621 78.5%

Gross Margins for the Adjustable Rate Initial Mortgage Loans in the Initial Mortgage Pool(1) Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Gross Mortgage Balance Balance Principal Margins (%) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 1.000 or Less............. 1 $ 64,000 0.00% $ 64,000 1.001 - 2.000........... 2 214,570 0.01 107,285 2.001 - 3.000........... 5 2,021,328 0.06 404,266 3.001 - 4.000........... 176 42,682,540 1.36 242,514 4.001 - 5.000........... 1,539 341,502,996 10.87 221,899 5.001 - 6.000........... 4,815 893,381,211 28.43 185,541 6.001 - 7.000........... 5,414 934,993,920 29.75 172,699 7.001 - 8.000........... 4,052 641,631,627 20.42 158,349 8.001 - 9.000........... 1,597 238,414,778 7.59 149,289 9.001 - 10.000........... 328 42,418,909 1.35 129,326 10.001 - 11.000........... 47 4,429,071 0.14 94,236 11.001 - 12.000........... 12 970,339 0.03 80,862 12.001 - 13.000........... 1 57,440 0.00 57,440 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 17,989 $ 3,142,782,731 100.00% $ 174,706 ============== ==================== ================= ----------- Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Gross Mortgage Term Bureau Loan-to- Margins (%) Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 1.000 or Less............ 8.250% 360.00 531 79.7% 1.001 - 2.000........... 7.038 360.00 632 70.3 2.001 - 3.000........... 5.956 359.03 678 65.2 3.001 - 4.000........... 4.892 359.58 675 75.7 4.001 - 5.000........... 5.714 359.73 652 77.5 5.001 - 6.000........... 6.560 359.50 622 78.3 6.001 - 7.000........... 7.151 359.43 610 81.7 7.001 - 8.000........... 7.760 359.67 597 84.4 8.001 - 9.000........... 8.198 359.67 586 84.1 9.001 - 10.000........... 9.065 359.47 574 85.6 10.001 - 11.000........... 10.297 359.60 551 79.2 11.001 - 12.000........... 11.091 358.12 550 77.4 12.001 - 13.000........... 7.875 359.00 541 78.2 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 7.031% 359.55 614 80.9%

Next Adjustment Date for the Adjustable Rate Initial Mortgage Loans in the Initial Mortgage Pool(1) Percent of Number Aggregate Aggregate Average of Principal Principal Current Mortgage Balance Balance Principal Next Adjustment Date Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ June 2004................. 1 $ 75,535 0.00% $ 75,535 July 2004................. 14 1,289,206 0.04 92,086 August 2004............... 34 2,171,366 0.07 63,864 September 2004............ 15 856,048 0.03 57,070 October 2004.............. 14 975,566 0.03 69,683 November 2004............. 8 911,522 0.03 113,940 December 2004............. 32 3,006,682 0.10 93,959 January 2005.............. 4 1,175,240 0.04 293,810 December 2005............. 2 622,106 0.02 311,053 January 2006.............. 1 92,143 0.00 92,143 February 2006............. 14 2,054,366 0.07 146,740 March 2006................ 55 7,774,992 0.25 141,363 April 2006................ 391 60,786,411 1.93 155,464 May 2006.................. 860 156,045,005 4.97 181,448 June 2006................. 900 167,969,959 5.34 186,633 July 2006................. 262 51,236,808 1.63 195,560 August 2006............... 1 348,032 0.01 348,032 September 2006............ 1 129,674 0.00 129,674 October 2006.............. 2 447,300 0.01 223,650 November 2006............. 1 235,537 0.01 235,537 December 2006............. 2 407,945 0.01 203,972 January 2007.............. 2 222,296 0.01 111,148 February 2007............. 9 1,501,421 0.05 166,825 March 2007................ 26 4,814,505 0.15 185,173 April 2007................ 356 58,303,754 1.86 163,775 May 2007.................. 2,513 412,660,686 13.13 164,210 June 2007................. 8,031 1,422,841,379 45.27 177,169 July 2007................. 4,436 782,436,048 24.90 176,383 August 2007............... 1 66,275 0.00 66,275 May 2009.................. 1 1,324,922 0.04 1,324,922 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 17,989 $ 3,142,782,731 100.00% $ 174,706 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Loan-to- Next Adjustment Date Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ June 2004................. 9.750% 307.00 563 77.9% July 2004................. 9.955 286.98 593 75.8 August 2004............... 9.082 284.00 611 73.4 September 2004............ 9.208 288.55 597 78.0 October 2004.............. 9.050 287.83 616 74.9 November 2004............. 7.904 328.25 588 81.0 December 2004............. 8.866 316.20 596 83.8 January 2005.............. 6.392 360.00 638 93.5 December 2005............. 7.948 354.57 556 75.0 January 2006.............. 9.000 355.00 544 69.9 February 2006............. 8.280 356.13 605 84.5 March 2006................ 7.232 357.05 604 84.3 April 2006................ 7.191 358.05 624 83.4 May 2006.................. 6.809 359.01 631 81.7 June 2006................. 6.877 359.99 625 80.9 July 2006................. 6.947 360.00 627 80.2 August 2006............... 6.975 350.00 609 90.0 September 2006............ 11.200 352.00 542 72.9 October 2006.............. 7.223 352.00 576 65.3 November 2006............. 7.875 353.00 620 90.0 December 2006............. 8.067 354.00 581 80.0 January 2007.............. 8.155 355.00 533 88.2 February 2007............. 7.292 356.00 626 82.9 March 2007................ 7.554 357.06 587 78.8 April 2007................ 6.949 358.17 616 81.1 May 2007.................. 6.853 359.02 621 81.4 June 2007................. 7.007 360.00 610 81.0 July 2007................. 7.211 360.00 609 80.4 August 2007............... 10.250 360.00 513 55.0 May 2009.................. 6.375 359.00 664 58.0 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 7.031% 359.55 614 80.9%

Maximum Mortgage Rates for the Adjustable Rate Initial Mortgage Loans in the Initial Mortgage Pool(1) Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Maximum Mortgage Balance Balance Principal Mortgage Rates (%) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 9.001 - 10.000........... 2 $ 225,205 0.01% $ 112,603 10.001 - 10.500........... 14 2,272,766 0.07 162,340 10.501 - 11.000........... 70 15,091,221 0.48 215,589 11.001 - 11.500........... 165 35,250,254 1.12 213,638 11.501 - 12.000........... 447 94,932,719 3.02 212,377 12.001 - 12.500........... 912 192,935,807 6.14 211,552 12.501 - 13.000........... 2,193 464,327,116 14.77 211,731 13.001 - 13.500........... 2,820 547,150,933 17.41 194,025 13.501 - 14.000........... 3,236 583,712,208 18.57 180,381 14.001 - 14.500........... 2,433 408,949,463 13.01 168,084 14.501 - 15.000........... 2,261 354,340,958 11.27 156,719 15.001 - 15.500........... 1,385 199,647,225 6.35 144,150 15.501 - 16.000........... 1,030 135,252,964 4.30 131,314 16.001 - 16.500........... 435 51,184,372 1.63 117,665 16.501 - 17.000........... 296 32,895,930 1.05 111,135 17.001 - 17.500........... 124 10,781,084 0.34 86,944 17.501 - 18.000........... 78 7,010,413 0.22 89,877 18.001 - 18.500........... 44 4,025,772 0.13 91,495 18.501 - 19.000........... 34 2,220,299 0.07 65,303 19.001 - 19.500........... 6 405,920 0.01 67,653 19.501 or Greater......... 4 170,101 0.01 42,525 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 17,989 $ 3,142,782,731 100.00% $ 174,706 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Maximum Mortgage Term Bureau Loan-to- Mortgage Rates (%) Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 9.001 - 10.000........... 7.506% 359.00 619 85.6% 10.001 - 10.500........... 4.954 359.10 684 78.7 10.501 - 11.000........... 5.118 359.35 700 79.1 11.001 - 11.500........... 5.352 359.44 681 76.2 11.501 - 12.000........... 5.514 359.50 665 78.0 12.001 - 12.500........... 5.767 359.54 653 79.2 12.501 - 13.000........... 6.071 359.69 636 78.8 13.001 - 13.500........... 6.483 359.75 621 78.7 13.501 - 14.000........... 6.926 359.74 610 80.4 14.001 - 14.500........... 7.418 359.71 601 82.6 14.501 - 15.000........... 7.894 359.68 592 83.6 15.001 - 15.500........... 8.395 359.39 584 85.0 15.501 - 16.000........... 8.853 359.15 576 84.9 16.001 - 16.500........... 9.349 359.21 571 84.6 16.501 - 17.000........... 9.824 356.40 570 84.8 17.001 - 17.500........... 10.355 352.52 558 80.6 17.501 - 18.000........... 10.832 349.80 562 80.9 18.001 - 18.500........... 11.339 356.29 575 83.2 18.501 - 19.000........... 11.812 355.07 550 80.3 19.001 - 19.500........... 12.276 347.32 534 80.5 19.501 or Greater......... 13.473 360.00 552 73.6 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 7.031% 359.55 614 80.9%

Initial Periodic Rate Cap for the Adjustable Rate Initial Mortgage Loans in the Initial Mortgage Pool(1) Percent of Number Aggregate Aggregate Average of Principal Principal Current Initial Periodic Rate Mortgage Balance Balance Principal Cap (%) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 1.000..................... 116 $ 19,600,703 0.62% $ 168,972 1.050..................... 1 214,545 0.01 214,545 1.250..................... 2 195,300 0.01 97,650 1.500..................... 13,793 2,437,237,522 77.55 176,701 1.505..................... 1 199,832 0.01 199,832 1.950..................... 1 96,050 0.00 96,050 2.000..................... 238 38,315,661 1.22 160,990 2.570..................... 1 289,678 0.01 289,678 2.875..................... 1 301,293 0.01 301,293 2.910..................... 2 281,800 0.01 140,900 2.989..................... 1 275,684 0.01 275,684 2.995..................... 1 267,645 0.01 267,645 3.000..................... 3,820 642,461,882 20.44 168,184 3.250..................... 1 89,517 0.00 89,517 5.000..................... 1 1,324,922 0.04 1,324,922 6.000..................... 2 469,610 0.01 234,805 7.000..................... 7 1,161,088 0.04 165,870 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 17,989 $ 3,142,782,731 100.00% $ 174,706 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Initial Periodic Rate Mortgage Term Bureau Loan-to- Cap (%) Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 1.000..................... 7.614% 359.34 609 86.3% 1.050..................... 7.780 357.00 549 78.8 1.250..................... 6.956 360.00 658 94.7 1.500..................... 7.041 359.65 610 80.6 1.505..................... 6.875 359.00 606 57.6 1.950..................... 8.550 360.00 527 85.0 2.000..................... 6.816 359.20 633 83.6 2.570..................... 5.430 359.00 577 77.3 2.875..................... 7.875 359.00 584 90.0 2.910..................... 7.576 360.00 600 91.7 2.989..................... 8.790 358.00 745 100.0 2.995..................... 8.075 358.00 550 80.0 3.000..................... 6.985 359.20 625 81.9 3.250..................... 6.350 359.00 698 80.0 5.000..................... 6.375 359.00 664 58.0 6.000..................... 6.952 359.00 620 92.6 7.000..................... 7.841 359.06 628 85.1 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 7.031% 359.55 614 80.9%

Subsequent Periodic Rate Cap for the Adjustable Rate Initial Mortgage Loans in the Initial Mortgage Pool(1) Percent of Number Aggregate Aggregate Average of Principal Principal Current Subsequent Periodic Rate Mortgage Balance Balance Principal Cap (%) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 1.000..................... 3,642 $ 609,028,551 19.38% $ 167,224 1.250..................... 24 3,675,960 0.12 153,165 1.500..................... 14,308 2,526,615,257 80.39 176,588 2.000..................... 9 2,333,691 0.07 259,299 3.000..................... 6 1,129,272 0.04 188,212 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 17,989 $ 3,142,782,731 100.00% $ 174,706 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Subsequent Periodic Rate Mortgage Term Bureau Risk Loan-to- Cap (%) Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 1.000..................... 7.019% 359.25 626 82.3% 1.250..................... 7.168 358.27 605 84.1 1.500..................... 7.034 359.63 611 80.6 2.000..................... 6.634 359.01 660 64.9 3.000..................... 7.605 359.15 609 87.5 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 7.031% 359.55 614 80.9%

Minimum Mortgage Rates for the Adjustable Rate Initial Mortgage Loans in the Initial Mortgage Pool(1) Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Minimum Mortgage Balance Balance Principal Mortgage Rates (%) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 1.000 or Less........... 1 $ 275,317 0.01% $ 275,317 1.001 - 2.000............ 1 87,500 0.00 87,500 2.001 - 3.000............ 32 4,883,469 0.16 152,608 3.001 - 4.000............ 8 1,487,916 0.05 185,989 4.001 - 5.000............ 219 54,383,629 1.73 248,327 5.001 - 6.000............ 2,587 571,012,240 18.17 220,724 6.001 - 7.000............ 6,237 1,176,136,899 37.42 188,574 7.001 - 8.000............ 5,054 832,528,131 26.49 164,727 8.001 - 9.000............ 2,682 375,192,809 11.94 139,893 9.001 - 10.000........... 853 99,534,784 3.17 116,688 10.001 or Greater......... 315 27,260,036 0.87 86,540 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 17,989 $ 3,142,782,731 100.00% $ 174,706 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Minimum Mortgage Term Bureau Risk Loan-to- Mortgage Rates (%) Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 1.000 or Less........... 7.000% 357.00 541 80.0% 1.001 - 2.000.......... 8.650 360.00 520 74.8 2.001 - 3.000.......... 6.213 358.48 658 72.9 3.001 - 4.000.......... 4.767 359.36 696 72.1 4.001 - 5.000.......... 4.890 359.57 676 76.6 5.001 - 6.000.......... 5.751 359.68 648 78.2 6.001 - 7.000.......... 6.610 359.73 619 79.5 7.001 - 8.000.......... 7.562 359.69 598 82.9 8.001 - 9.000.......... 8.522 359.32 582 85.0 9.001 - 10.000.......... 9.490 358.31 571 85.2 10.001 or Greater......... 10.796 353.01 560 80.8 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 7.031% 359.55 614 80.9%

Types of Mortgaged Properties for the Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Mortgage Balance Balance Principal Property Type Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ Single-Family Residence... 19,470 $ 3,407,783,135 76.46% $ 175,027 Planned Unit Development.. 3,283 656,154,587 14.72 199,864 Low Rise Condominium...... 1,431 237,990,945 5.34 166,311 Two Family Home........... 494 100,147,330 2.25 202,727 Three Family Home......... 118 26,747,548 0.60 226,674 Four Family Home.......... 63 14,226,347 0.32 225,815 High Rise Condominium..... 63 11,522,613 0.26 182,899 Manufactured Housing(1)... 30 2,156,646 0.05 71,888 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 24,952 $ 4,456,729,151 100.00% $ 178,612 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Risk Loan-to- Property Type Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ Single-Family Residence... 6.954% 356.11 620 78.2% Planned Unit Development.. 6.822 357.18 627 80.2 Low Rise Condominium...... 6.895 357.61 632 79.6 Two Family Home........... 7.083 357.15 619 74.9 Three Family Home......... 7.094 355.56 627 74.1 Four Family Home.......... 7.313 352.13 628 74.9 High Rise Condominium..... 7.146 353.49 619 76.1 Manufactured Housing(1)... 9.355 346.91 591 65.4 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.938% 356.34 621 78.5%

Occupancy Types for the Initial Mortgage Loans in the Initial Mortgage Pool(1) Percent of Number Aggregate Aggregate Average of Principal Principal Current Mortgage Balance Balance Principal Occupancy Type Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ Owner Occupied............ 24,246 $ 4,357,451,399 97.77% $ 179,718 Investment Property....... 521 67,615,492 1.52 129,780 Second Home............... 185 31,662,260 0.71 171,147 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 24,952 $ 4,456,729,151 100.00% $ 178,612 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Risk Loan-to- Occupancy Type Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ Owner Occupied............ 6.930% 356.46 621 78.6% Investment Property....... 7.314 351.46 638 74.2 Second Home............... 7.164 351.29 637 74.3 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.938% 356.34 621 78.5%

Loan Purposes for the Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Mortgage Balance Balance Principal Loan Purpose Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ Refinance - Cash Out...... 14,227 $ 2,632,128,969 59.06% $ 185,009 Purchase.................. 8,950 1,516,471,772 34.03 169,438 Refinance - Rate/Term..... 1,775 308,128,409 6.91 173,593 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 24,952 $ 4,456,729,151 100.00% $ 178,612 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Risk Loan-to- Loan Purpose Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ Refinance - Cash Out...... 6.962% 355.15 606 75.4% Purchase.................. 6.921 359.09 646 84.0 Refinance - Rate/Term..... 6.814 353.07 633 77.1 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.938% 356.34 621 78.5%

Credit Grade Categories for the Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Mortgage Balance Balance Principal Credit Grade Category Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ A......................... 20,547 $ 3,767,478,536 84.53% $ 183,359 A-........................ 1,353 222,798,623 5.00 164,670 B......................... 1,663 261,879,689 5.88 157,474 C......................... 1,097 165,198,140 3.71 150,591 C-........................ 199 27,407,459 0.61 137,726 D......................... 93 11,966,704 0.27 128,674 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 24,952 $ 4,456,729,151 100.00% $ 178,612 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Risk Loan-to- Credit Grade Category Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ A......................... 6.837% 356.72 631 79.5% A-........................ 7.252 352.61 577 76.6 B......................... 7.429 355.05 566 73.4 C......................... 7.772 355.85 560 69.5 C-........................ 7.862 354.68 558 66.3 D......................... 8.424 345.28 549 61.1 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.938% 356.34 621 78.5% ------------

Range of Months to Next Adjustment Date for the Adjustable Rate Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Months to Next Mortgage Balance Balance Principal Adjustment Date Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 0 - 6................... 122 $ 10,461,165 0.33% $ 85,747 13 - 18................... 1 267,083 0.01 267,083 19 - 24................... 2,483 446,186,554 14.20 179,697 25 - 31................... 10 1,918,938 0.06 191,894 32 - 37................... 15,372 2,682,624,069 85.36 174,514 38 or Greater............. 1 1,324,922 0.04 1,324,922 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 17,989 $ 3,142,782,731 100.00% $ 174,706 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Months to Next Mortgage Term Bureau Loan-to- Adjustment Date Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 0 - 6................... 8.735% 306.91 604 80.2% 13 - 18................... 6.750 354.00 572 75.0 19 - 24................... 6.918 359.32 627 81.5 25 - 31................... 7.946 352.33 578 78.9 32 - 37................... 7.043 359.80 611 80.9 38 or Greater............. 6.375 359.00 664 58.0 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 7.031% 359.55 614 80.9%

Loan Documentation Type for the Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Mortgage Balance Balance Principal Documentation Type Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ Full Documentation........ 16,317 $ 2,843,226,274 63.80% $ 174,249 Stated Income............. 8,627 1,612,882,172 36.19 186,957 Simple Documentation...... 8 620,705 0.01 77,588 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 24,952 $ 4,456,729,151 100.00% $ 178,612 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Loan-to- Documentation Type Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ Full Documentation........ 6.903% 356.15 616 78.6% Stated Income............. 6.999 356.72 631 78.2 Simple Documentation...... 9.343 290.66 616 78.8 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.938% 356.34 621 78.5%

LOAN GROUP 1 Mortgage Loan Programs for the Group 1 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Mortgage Balance Balance Principal Loan Program Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 30Y LIBOR................. 4 $ 1,092,805 0.05% $ 273,201 2/28 LIBOR................ 572 87,740,253 3.64 153,392 2/28 LIBOR - Interest-Only 122 27,016,271 1.12 221,445 3/27 LIBOR................ 8,893 1,356,643,192 56.31 152,552 3/27 LIBOR - Interest-Only 1,121 224,818,440 9.33 200,552 Fixed 15-Year - Credit Comeback............... 39 4,312,381 0.18 110,574 Fixed 15-Year............. 155 17,845,677 0.74 115,133 Fixed 20-Year............. 2 210,108 0.01 105,054 Fixed 30-Year............. 3,515 557,587,558 23.14 158,631 Fixed 30-Year - Credit Comeback............... 599 116,976,434 4.86 195,286 Fixed 30-Year - Interest- Only................... 75 14,978,740 0.62 199,717 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 15,097 $ 2,409,221,858 100.00% $ 159,583 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Loan-to- Loan Program Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 30Y LIBOR................. 5.978% 359.57 634 93.5% 2/28 LIBOR................ 6.903 359.79 616 79.9 2/28 LIBOR - Interest-Only 6.288 359.87 640 81.0 3/27 LIBOR................ 7.164 359.90 602 80.2 3/27 LIBOR - Interest-Only 6.479 359.93 638 82.2 Fixed 15-Year - Credit Comeback............... 7.482 179.95 614 69.4 Fixed 15-Year............. 7.327 179.98 604 70.0 Fixed 20-Year............. 7.215 239.52 560 52.7 Fixed 30-Year............. 6.891 359.89 617 74.7 Fixed 30-Year - Credit Comeback............... 6.566 359.90 678 67.9 Fixed 30-Year - Interest- Only................... 6.648 359.92 640 77.3 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.986% 358.23 614 78.4%

Mortgage Loan Principal Balances for the Group 1 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Aggregate Aggregate Average Number of Principal Principal Current Range of Mortgage Loan Mortgage Balance Balance Principal Principal Balances Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ $0.01 - $ 25,000.00.. 2 $ 44,859 0.00% $ 22,430 $ 25,000.01 - $ 50,000.00.. 170 7,554,199 0.31 44,436 $ 50,000.01 - $ 75,000.00.. 1,346 86,446,174 3.59 64,224 $ 75,000.01 - $100,000.00.. 2,179 192,873,926 8.01 88,515 $100,000.01 - $150,000.00.. 4,172 519,875,793 21.58 124,611 $150,000.01 - $200,000.00.. 3,108 542,830,399 22.53 174,656 $200,000.01 - $250,000.00.. 2,055 460,515,555 19.11 224,095 $250,000.01 - $300,000.00.. 1,414 388,175,545 16.11 274,523 $300,000.01 - $350,000.00.. 596 189,251,122 7.86 317,535 $350,000.01 - $400,000.00.. 38 14,244,258 0.59 374,849 $400,000.01 - $450,000.00.. 14 5,934,927 0.25 423,923 $450,000.01 - $500,000.00.. 2 945,000 0.04 472,500 $500,000.01 - $550,000.00.. 1 530,100 0.02 530,100 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg... 15,097 $ 2,409,221,858 100.00% $ 159,583 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Mortgage Loan Mortgage Term Bureau Loan-to- Principal Balances Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ $0.01 - $ 25,000.00.. 9.393% 260.64 609 54.1% $ 25,000.01 - $ 50,000.00.. 9.012 350.45 589 68.5 $ 50,000.01 - $ 75,000.00.. 8.096 354.73 605 77.0 $ 75,000.01 - $100,000.00.. 7.509 356.00 605 78.6 $100,000.01 - $150,000.00.. 7.222 357.58 609 79.2 $150,000.01 - $200,000.00.. 6.928 358.33 612 78.1 $200,000.01 - $250,000.00.. 6.783 359.05 617 77.9 $250,000.01 - $300,000.00.. 6.645 359.14 620 78.1 $300,000.01 - $350,000.00.. 6.601 359.90 627 79.4 $350,000.01 - $400,000.00.. 6.726 359.97 636 78.4 $400,000.01 - $450,000.00.. 6.863 359.93 630 82.2 $450,000.01 - $500,000.00.. 7.046 360.00 660 70.3 $500,000.01 - $550,000.00.. 8.375 360.00 650 90.0 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.986% 358.23 614 78.4%

Original Term to Stated Maturity for the Group 1 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Mortgage Balance Balance Principal Original Term (months) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ ARM 360................... 10,712 $ 1,697,310,961 70.45% $ 158,449 Fixed 180................. 194 22,158,058 0.92 114,217 Fixed 240................. 2 210,108 0.01 105,054 Fixed 360................. 4,189 689,542,731 28.62 164,608 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 15,097 $ 2,409,221,858 100.00% $ 159,583 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Loan-to- Original Term (months) Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ ARM 360................... 7.045% 359.90 608 80.4% Fixed 180................. 7.357 179.97 606 69.9 Fixed 240................. 7.215 239.52 560 52.7 Fixed 360................. 6.830 359.89 628 73.6 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.986% 358.23 614 78.4%

Current Mortgage Rates for the Group 1 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Current Mortgage Balance Balance Principal Mortgage Rates (%) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 4.000 or Less............ 3 $ 571,962 0.02% $ 190,654 4.001 - 4.500........... 13 2,483,938 0.10 191,072 4.501 - 5.000........... 83 17,730,511 0.74 213,621 5.001 - 5.500........... 452 93,001,317 3.86 205,755 5.501 - 6.000........... 1,655 325,818,944 13.52 196,869 6.001 - 6.500........... 2,719 492,252,414 20.43 181,042 6.501 - 7.000........... 3,171 521,970,391 21.67 164,608 7.001 - 7.500........... 2,192 337,722,955 14.02 154,071 7.501 - 8.000........... 2,068 293,809,799 12.20 142,074 8.001 - 8.500........... 1,215 158,818,559 6.59 130,715 8.501 - 9.000........... 838 99,973,657 4.15 119,300 9.001 - 9.500........... 247 26,819,355 1.11 108,580 9.501 - 10.000........... 199 19,651,512 0.82 98,751 10.001 - 10.500........... 86 7,547,447 0.31 87,761 10.501 - 11.000........... 64 5,031,287 0.21 78,614 11.001 - 11.500........... 47 3,545,510 0.15 75,436 11.501 - 12.000........... 36 2,038,205 0.08 56,617 12.001 - 12.500........... 7 371,395 0.02 53,056 12.501 - 13.000........... 2 62,700 0.00 31,350 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 15,097 $ 2,409,221,858 100.00% $ 159,583 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Current Mortgage Term Bureau Loan-to- Mortgage Rates (%) Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 4.000 or Less............ 3.993% 358.58 716 74.1% 4.001 - 4.500........... 4.340 359.47 707 66.5 4.501 - 5.000........... 4.877 359.76 662 76.2 5.001 - 5.500........... 5.412 359.29 679 73.2 5.501 - 6.000........... 5.870 358.47 651 74.7 6.001 - 6.500........... 6.353 358.61 624 75.8 6.501 - 7.000........... 6.829 358.84 609 77.6 7.001 - 7.500........... 7.338 358.06 600 80.3 7.501 - 8.000........... 7.816 357.04 594 81.9 8.001 - 8.500........... 8.335 357.30 586 83.6 8.501 - 9.000........... 8.811 357.62 580 84.7 9.001 - 9.500........... 9.326 357.62 568 83.1 9.501 - 10.000........... 9.814 357.21 565 81.9 10.001 - 10.500........... 10.347 359.77 562 80.0 10.501 - 11.000........... 10.814 346.85 564 81.5 11.001 - 11.500........... 11.360 356.23 558 78.7 11.501 - 12.000........... 11.823 359.80 548 78.6 12.001 - 12.500........... 12.356 359.57 549 80.4 12.501 - 13.000........... 12.625 360.00 607 87.2 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.986% 358.23 614 78.4%

Remaining Terms to Stated Maturity for the Group 1 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Remaining Terms Mortgage Balance Balance Principal (months) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 121 - 180................. 194 $ 22,158,058 0.92% $ 114,217 181 - 300................. 2 210,108 0.01 105,054 301 - 360................. 14,901 2,386,853,693 99.07 160,181 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 15,097 $2,409,221,858 100.00% $ 159,583 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Remaining Terms Mortgage Term Bureau Loan-to- (months) Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 121 - 180................. 7.357% 179.97 606 69.9% 181 - 300................. 7.215 239.52 560 52.7 301 - 360................. 6.983 359.90 614 78.5 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.986% 358.23 614 78.4%

Original Loan-to-Value Ratios for the Group 1 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Original Loan-to- Mortgage Balance Balance Principal Value Ratios (%) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 50.00 or Less............. 620 $ 85,572,118 3.55% $ 138,020 50.01 - 55.00............. 303 51,200,953 2.13 168,980 55.01 - 60.00............. 429 68,657,077 2.85 160,040 60.01 - 65.00............. 704 115,531,723 4.80 164,108 65.01 - 70.00............. 1,051 175,840,027 7.30 167,307 70.01 - 75.00............. 1,312 218,310,320 9.06 166,395 75.01 - 80.00............. 5,726 897,110,366 37.24 156,673 80.01 - 85.00............. 1,538 253,201,005 10.51 164,630 85.01 - 90.00............. 1,911 313,071,538 12.99 163,826 90.01 - 95.00............. 610 98,949,947 4.11 162,213 95.01 - 100.00............ 893 131,776,783 5.47 147,566 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 15,097 $ 2,409,221,858 100.00% $ 159,583 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Original Loan-to- Mortgage Term Bureau Loan-to- Value Ratios (%) Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 50.00 or Less............. 6.623% 353.72 620 41.4% 50.01 - 55.00............. 6.665 355.45 601 52.8 55.01 - 60.00............. 6.712 356.45 600 57.9 60.01 - 65.00............. 6.956 357.27 588 63.1 65.01 - 70.00............. 6.885 357.25 585 68.4 70.01 - 75.00............. 6.952 357.68 590 73.6 75.01 - 80.00............. 6.716 358.86 630 79.6 80.01 - 85.00............. 7.159 358.46 599 84.2 85.01 - 90.00............. 7.369 358.73 612 89.4 90.01 - 95.00............. 7.656 359.13 625 94.4 95.01 - 100.00............ 7.806 359.70 642 99.8 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.986% 358.23 614 78.4% ----------

State Distribution of the Mortgaged Properties for the Group 1 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Mortgage Balance Balance Principal State Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ Alabama................... 145 $ 14,857,997 0.62% $ 102,469 Alaska.................... 8 1,589,550 0.07 198,694 Arizona................... 331 43,298,778 1.80 130,812 Arkansas.................. 59 7,115,184 0.30 120,596 California................ 3,509 740,043,412 30.72 210,899 Colorado.................. 366 61,373,244 2.55 167,686 Connecticut............... 200 32,426,340 1.35 162,132 Delaware.................. 38 6,001,587 0.25 157,936 District of Columbia...... 10 1,835,967 0.08 183,597 Florida................... 1,491 207,156,448 8.60 138,938 Georgia................... 345 45,065,005 1.87 130,623 Hawaii.................... 115 30,477,048 1.27 265,018 Idaho..................... 89 11,196,833 0.46 125,807 Illinois.................. 611 92,542,326 3.84 151,460 Indiana................... 182 17,188,660 0.71 94,443 Iowa...................... 49 4,899,829 0.20 99,997 Kansas.................... 63 7,764,349 0.32 123,244 Kentucky.................. 87 9,215,888 0.38 105,930 Louisiana................. 166 19,232,949 0.80 115,861 Maine..................... 24 3,597,537 0.15 149,897 Maryland.................. 319 53,909,807 2.24 168,996 Massachusetts............. 390 77,625,478 3.22 199,040 Michigan.................. 520 62,739,904 2.60 120,654 Minnesota................. 227 35,889,751 1.49 158,105 Mississippi............... 98 10,220,766 0.42 104,294 Missouri.................. 324 37,074,341 1.54 114,427 Montana................... 31 4,041,138 0.17 130,359 Nebraska.................. 37 3,581,407 0.15 96,795 Nevada.................... 331 60,547,231 2.51 182,922 New Hampshire............. 155 28,150,214 1.17 181,614 New Jersey................ 403 74,798,631 3.10 185,605 New Mexico................ 47 6,050,459 0.25 128,733 New York.................. 522 107,260,073 4.45 205,479 North Carolina............ 211 27,011,422 1.12 128,016 North Dakota.............. 5 492,766 0.02 98,553 Ohio...................... 274 29,302,288 1.22 106,943 Oklahoma.................. 151 15,677,627 0.65 103,825 Oregon.................... 191 28,518,715 1.18 149,313 Pennsylvania.............. 323 39,792,175 1.65 123,196 Rhode Island.............. 58 10,635,961 0.44 183,379 South Carolina............ 62 8,099,554 0.34 130,638 South Dakota.............. 13 1,532,587 0.06 117,891 Tennessee................. 231 26,198,089 1.09 113,412 Texas..................... 1,103 124,108,545 5.15 112,519 Utah...................... 179 24,896,704 1.03 139,088 Vermont................... 9 1,415,156 0.06 157,240 Virginia.................. 380 57,772,774 2.40 152,034 Washington................ 433 73,358,925 3.04 169,420 West Virginia............. 25 3,008,453 0.12 120,338 Wisconsin................. 142 16,694,098 0.69 117,564 Wyoming................... 15 1,937,887 0.08 129,192 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 15,097 $ 2,409,221,858 100.00% $ 159,583 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Loan-to- State Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ Alabama................... 7.884% 359.87 609 84.1% Alaska.................... 7.480 360.00 607 88.0 Arizona................... 6.825 359.40 628 81.2 Arkansas.................. 7.940 359.92 614 92.6 California................ 6.502 358.81 622 74.1 Colorado.................. 6.617 359.93 624 81.7 Connecticut............... 7.427 359.36 603 79.0 Delaware.................. 7.454 359.97 601 83.6 District of Columbia...... 7.192 359.86 597 76.3 Florida................... 7.221 358.31 609 81.3 Georgia................... 7.561 358.65 610 84.8 Hawaii.................... 6.618 357.49 637 77.0 Idaho..................... 7.070 359.92 618 81.6 Illinois.................. 7.324 359.62 619 79.9 Indiana................... 7.516 356.08 607 83.4 Iowa...................... 7.644 359.86 610 80.6 Kansas.................... 7.896 354.56 609 87.0 Kentucky.................. 7.460 356.37 604 83.0 Louisiana................. 7.723 354.90 595 81.2 Maine..................... 7.658 359.81 584 80.6 Maryland.................. 7.384 356.97 592 78.6 Massachusetts............. 7.019 359.69 600 76.0 Michigan.................. 7.440 359.31 604 81.6 Minnesota................. 7.169 358.84 620 81.4 Mississippi............... 7.592 357.01 618 85.6 Missouri.................. 7.563 357.74 620 83.3 Montana................... 7.175 356.74 595 82.5 Nebraska.................. 7.298 359.78 616 81.5 Nevada.................... 6.848 357.80 613 78.2 New Hampshire............. 6.714 357.85 624 80.5 New Jersey................ 7.542 358.08 586 75.4 New Mexico................ 7.471 359.84 622 80.1 New York.................. 6.974 358.27 598 72.9 North Carolina............ 7.700 358.58 594 85.4 North Dakota.............. 7.401 359.46 641 86.2 Ohio...................... 7.502 357.61 599 82.3 Oklahoma.................. 7.421 351.37 620 85.1 Oregon.................... 6.701 359.28 623 80.2 Pennsylvania.............. 7.333 354.43 605 80.4 Rhode Island.............. 6.954 356.89 607 76.9 South Carolina............ 7.697 355.03 605 86.9 South Dakota.............. 7.022 359.93 610 84.8 Tennessee................. 7.408 357.02 623 87.3 Texas..................... 7.350 355.04 612 82.2 Utah...................... 6.688 358.19 629 82.7 Vermont................... 8.031 359.94 589 74.2 Virginia.................. 7.098 357.24 596 78.8 Washington................ 6.604 357.93 641 80.2 West Virginia............. 8.213 359.77 585 84.4 Wisconsin................. 7.749 359.92 608 79.8 Wyoming................... 7.436 350.67 603 77.2 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.986% 358.23 614 78.4%

Credit Bureau Risk Scores(1) for the Group 1 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Credit Bureau Mortgage Balance Balance Principal Risk Scores Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ Unknown................... 5 $ 676,188 0.03% $ 135,238 801 - 820................. 15 2,978,314 0.12 198,554 781 - 800................. 79 16,165,181 0.67 204,623 761 - 780................. 124 24,890,207 1.03 200,727 741 - 760................. 182 33,843,572 1.40 185,954 721 - 740................. 239 41,730,766 1.73 174,606 701 - 720................. 410 69,663,003 2.89 169,910 681 - 700................. 697 115,827,477 4.81 166,180 661 - 680................. 1,219 203,985,296 8.47 167,338 641 - 660................. 1,708 279,325,652 11.59 163,540 621 - 640................. 1,713 276,056,913 11.46 161,154 601 - 620................. 1,932 302,832,220 12.57 156,745 581 - 600................. 1,908 296,032,148 12.29 155,153 561 - 580................. 1,527 239,007,100 9.92 156,521 541 - 560................. 1,437 219,698,599 9.12 152,887 521 - 540................. 1,186 180,468,878 7.49 152,166 501 - 520................. 689 102,175,741 4.24 148,296 500 or Less............... 27 3,864,604 0.16 143,133 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 15,097 $ 2,409,221,858 100.00% $ 159,583 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Credit Bureau Mortgage Term Bureau Risk Loan-to- Risk Scores Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ Unknown................... 7.825% 360.00 N/A 72.0% 801 - 820................. 6.036 359.82 806 66.3 781 - 800................. 5.887 355.05 789 64.6 761 - 780................. 5.956 359.04 770 70.9 741 - 760................. 6.267 357.73 751 75.7 721 - 740................. 6.328 358.84 731 79.0 701 - 720................. 6.376 358.91 710 79.9 681 - 700................. 6.434 358.38 690 80.1 661 - 680................. 6.598 359.02 670 80.6 641 - 660................. 6.697 358.17 650 80.9 621 - 640................. 6.874 358.50 630 80.9 601 - 620................. 7.013 358.85 610 81.0 581 - 600................. 7.176 357.98 591 79.8 561 - 580................. 7.178 357.20 571 76.3 541 - 560................. 7.431 357.69 551 75.7 521 - 540................. 7.558 358.03 531 73.1 501 - 520................. 7.784 358.73 512 70.7 500 or Less............... 7.654 352.44 497 69.2 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.986% 358.23 614 78.4%

Original Prepayment Penalty Period for the Group 1 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Original Prepayment Mortgage Balance Balance Principal Penalty Period (months) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 0........................ 4577.00 $ 699,924,643 29.05% $ 152,922 6........................ 1.00 143,081 0.01 143,081 12........................ 532.00 106,437,712 4.42 200,071 24........................ 845.00 146,378,850 6.08 173,229 36........................ 6670.00 1,042,754,470 43.28 156,335 60........................ 2472.00 413,583,102 17.17 167,307 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 15097.00 $ 2,409,221,858 100.00% $ 159,583 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Original Prepayment Mortgage Term Bureau Risk Loan-to- Penalty Period (months) Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 0........................ 7.393% 357.82 603 79.0% 6........................ 5.750 360.00 649 80.0 12........................ 6.754 359.31 617 76.1 24........................ 6.738 359.49 612 78.7 36........................ 6.867 359.45 613 80.4 60........................ 6.747 355.15 634 72.6 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.986% 358.23 614 78.4%

Gross Margins for the Adjustable Rate Group 1 Initial Mortgage Loans in the Initial Mortgage Pool(1) Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Gross Mortgage Balance Balance Principal Margins (%) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 1.000 or Less........... 1 $ 64,000 0.00% $ 64,000 1.001 - 2.000........... 2 214,570 0.01 107,285 2.001 - 3.000........... 2 371,607 0.02 185,804 3.001 - 4.000........... 97 19,976,781 1.18 205,946 4.001 - 5.000........... 1068 202,436,182 11.93 189,547 5.001 - 6.000........... 3573 585,232,307 34.48 163,793 6.001 - 7.000........... 3417 523,108,672 30.82 153,090 7.001 - 8.000........... 2,552 365,906,842 21.56 143,380 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 10,712 $ 1,697,310,961 100.00% $ 158,449 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Gross Mortgage Term Bureau Loan-to- Margins (%) Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 1.000 or Less........... 8.250% 360.00 531 79.7% 1.001 - 2.000........... 7.038 360.00 632 70.3 2.001 - 3.000........... 5.141 359.48 690 92.8 3.001 - 4.000........... 4.889 359.69 670 75.6 4.001 - 5.000........... 5.750 359.88 646 76.9 5.001 - 6.000........... 6.714 359.91 615 77.8 6.001 - 7.000........... 7.403 359.90 597 81.9 7.001 - 8.000........... 7.897 359.91 591 84.8 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 7.045% 359.90 608 80.4%

Next Adjustment Date for the Adjustable Rate Group 1 Initial Mortgage Loans in the Initial Mortgage Pool(1) Percent of Number Aggregate Aggregate Average of Principal Principal Current Mortgage Balance Balance Principal Next Adjustment Date Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ November 2004............. 2 $ 468,095 0.03% $ 234,048 December 2004............. 1 325,710 0.02 325,710 January 2005.............. 1 299,000 0.02 299,000 March 2006................ 5 607,683 0.04 121,537 April 2006................ 17 2,085,747 0.12 122,691 May 2006.................. 119 17,053,757 1.00 143,309 June 2006................. 369 62,505,759 3.68 169,392 July 2006................. 184 32,503,577 1.92 176,650 October 2006.............. 1 124,529 0.01 124,529 November 2006............. 1 235,537 0.01 235,537 February 2007............. 1 296,516 0.02 296,516 March 2007................ 4 628,208 0.04 157,052 April 2007................ 37 4,703,689 0.28 127,127 May 2007.................. 992 131,522,298 7.75 132,583 June 2007................. 5,472 873,460,810 51.46 159,624 July 2007................. 3,505 570,423,770 33.61 162,746 August 2007............... 1 66,275 0.00 66,275 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 10,712 $ 1,697,310,961 100.00% $ 158,449 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Loan-to- Next Adjustment Date Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ November 2004............. 6.035% 359.00 584 86.3% December 2004............. 5.875 360.00 654 97.8 January 2005.............. 6.000 360.00 690 100.0 March 2006................ 7.015 357.00 600 84.0 April 2006................ 8.090 358.10 565 74.3 May 2006.................. 6.757 359.03 619 81.4 June 2006................. 6.632 360.00 623 80.0 July 2006................. 6.910 360.00 624 80.2 October 2006.............. 8.125 352.00 557 63.6 November 2006............. 7.875 353.00 620 90.0 February 2007............. 7.000 356.00 548 85.0 March 2007................ 7.368 357.00 573 84.2 April 2007................ 6.880 358.06 607 76.8 May 2007.................. 6.868 359.01 611 80.7 June 2007................. 7.010 360.00 607 80.7 July 2007................. 7.198 360.00 608 80.1 August 2007............... 10.250 360.00 513 55.0 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 7.045% 359.90 608 80.4%

Maximum Mortgage Rates for the Adjustable Rate Group 1 Initial Mortgage Loans in the Initial Mortgage Pool(1) Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Maximum Mortgage Balance Balance Principal Mortgage Rates (%) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 10.501 - 11.000........... 3 $ 571,962 0.03% $ 190,654 11.001 - 11.500........... 18 3,229,930 0.19 179,441 11.501 - 12.000........... 104 20,829,295 1.23 200,282 12.001 - 12.500........... 348 66,153,885 3.90 190,097 12.501 - 13.000........... 1,152 218,438,116 12.87 189,616 13.001 - 13.500........... 1,723 305,292,013 17.99 177,186 13.501 - 14.000........... 2,134 348,372,376 20.52 163,249 14.001 - 14.500........... 1,603 253,480,290 14.93 158,129 14.501 - 15.000........... 1,564 228,515,162 13.46 146,109 15.001 - 15.500........... 940 125,820,990 7.41 133,852 15.501 - 16.000........... 666 80,630,989 4.75 121,068 16.001 - 16.500........... 169 19,351,637 1.14 114,507 16.501 - 17.000........... 125 13,140,354 0.77 105,123 17.001 - 17.500........... 62 5,776,314 0.34 93,166 17.501 - 18.000........... 42 3,506,885 0.21 83,497 18.001 - 18.500........... 28 2,311,136 0.14 82,541 18.501 - 19.000........... 26 1,607,970 0.09 61,845 19.001 - 19.500........... 4 245,959 0.01 61,490 19.501 or Greater......... 1 35,700 0.00 35,700 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 10,712 $ 1,697,310,961 100.00% $ 158,449 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Maximum Mortgage Term Bureau Risk Loan-to- Mortgage Rates (%) Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 10.501 - 11.000........... 3.993% 358.58 716 74.1% 11.001 - 11.500........... 4.615 359.46 706 69.6 11.501 - 12.000........... 5.025 359.72 659 76.8 12.001 - 12.500........... 5.455 359.81 656 78.3 12.501 - 13.000........... 5.889 359.88 635 77.5 13.001 - 13.500........... 6.362 359.91 620 78.0 13.501 - 14.000........... 6.840 359.90 607 79.4 14.001 - 14.500........... 7.341 359.92 599 81.9 14.501 - 15.000........... 7.817 359.92 593 83.3 15.001 - 15.500........... 8.338 359.89 584 84.5 15.501 - 16.000........... 8.813 359.94 578 85.2 16.001 - 16.500........... 9.338 359.93 566 83.5 16.501 - 17.000........... 9.817 359.94 560 81.7 17.001 - 17.500........... 10.377 359.86 558 80.2 17.501 - 18.000........... 10.824 359.95 560 80.9 18.001 - 18.500........... 11.377 359.80 560 78.2 18.501 - 19.000........... 11.816 359.76 548 79.3 19.001 - 19.500........... 12.307 359.84 526 75.9 19.501 or Greater......... 12.625 360.00 635 85.0 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 7.045% 359.90 608 80.4%

Initial Periodic Rate Cap for the Adjustable Rate Group 1 Initial Mortgage Loans in the Initial Mortgage Pool(1) Percent of Number Aggregate Aggregate Average of Principal Principal Current Initial Periodic Rate Mortgage Balance Balance Principal Cap (%) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 1.000..................... 24 $ 3,989,251 0.24% $ 166,219 1.500..................... 10,351 1,649,372,817 97.18 159,344 2.000..................... 23 2,620,784 0.15 113,947 2.910..................... 1 165,000 0.01 165,000 3.000..................... 312 41,023,242 2.42 131,485 6.000..................... 1 139,867 0.01 139,867 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 10,712 $ 1,697,310,961 100.00% $ 158,449 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Initial Periodic Rate Mortgage Term Bureau Risk Loan-to- Cap (%) Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 1.000..................... 7.223% 359.80 602 86.2% 1.500..................... 7.049 359.92 609 80.5 2.000..................... 7.129 358.94 623 86.3 2.910..................... 7.990 360.00 620 100.0 3.000..................... 6.857 359.36 605 78.7 6.000..................... 6.250 359.00 546 80.0 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 7.045% 359.90 608 80.4%

Subsequent Periodic Rate Cap for the Adjustable Rate Group 1 Initial Mortgage Loans in the Initial Mortgage Pool(1) Percent of Aggregate Aggregate Average Number of Principal Principal Current Subsequent Periodic Rate Mortgage Balance Balance Principal Cap (%) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 1.000..................... 267 $ 34,528,886 2.03% $ 129,322 1.250..................... 2 209,625 0.01 104,813 1.500..................... 10,443 1,662,572,450 97.95 159,204 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 10,712 $ 1,697,310,961 100.00% $ 158,449 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Subsequent Periodic Rate Mortgage Term Bureau Loan-to- Cap (%) Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 1.000..................... 6.977% 359.44 608 81.4% 1.250..................... 6.582 358.00 634 80.0 1.500..................... 7.046 359.91 608 80.4 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 7.045% 359.90 608 80.4%

Minimum Mortgage Rates for the Adjustable Rate Group 1 Initial Mortgage Loans in the Initial Mortgage Pool(1) Percent of Aggregate Aggregate Average Number of Principal Principal Current Range of Minimum Mortgage Balance Balance Principal Mortgage Rates (%) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 3.001 - 4.000.......... 4 $ 717,661 0.04% $ 179,415 4.001 - 5.000.......... 94 19,925,922 1.17 211,978 5.001 - 6.000.......... 1,437 276,583,763 16.30 192,473 6.001 - 7.000.......... 3,890 659,917,506 38.88 169,645 7.001 - 8.000.......... 3,217 486,863,171 28.68 151,341 8.001 - 9.000.......... 1,610 206,636,812 12.17 128,346 9.001 - 10.000.......... 297 33,182,164 1.95 111,724 10.001 or Greater......... 163 13,483,964 0.79 82,724 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 10,712 $ 1,697,310,961 100.00% $ 158,449 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Minimum Mortgage Term Bureau Loan-to- Mortgage Rates (%) Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 3.001 - 4.000.......... 4.094% 358.67 710 69.1% 4.001 - 5.000.......... 4.812 359.73 667 75.3 5.001 - 6.000.......... 5.752 359.88 642 77.6 6.001 - 7.000.......... 6.608 359.90 613 78.8 7.001 - 8.000.......... 7.566 359.92 596 82.5 8.001 - 9.000.......... 8.521 359.91 582 84.8 9.001 - 10.000.......... 9.526 359.89 563 82.4 10.001 or Greater......... 10.877 359.86 557 79.9 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 7.045% 359.90 608 80.4%

Types of Mortgaged Properties for the Group 1 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Aggregate Aggregate Average Number of Principal Principal Current Mortgage Balance Balance Principal Property Type Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ Single-Family Residence... 11,760 $ 1,840,898,409 76.41% $ 156,539 Planned Unit Development.. 1,865 321,330,773 13.34 172,295 Low Rise Condominium...... 970 149,929,904 6.22 154,567 Two Family Home........... 325 63,170,747 2.62 194,372 Three Family Home......... 79 17,114,114 0.71 216,634 Four Family Home.......... 44 9,685,862 0.40 220,133 Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Loan-to- Property Type Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ Single-Family Residence... 6.998% 358.10 612 78.2% Planned Unit Development.. 6.913 358.52 617 80.7 Low Rise Condominium...... 6.920 358.93 629 79.0 Two Family Home........... 7.039 358.99 615 73.4 Three Family Home......... 6.997 356.40 627 73.1 Four Family Home.......... 7.247 359.82 623 75.8

High Rise Condominium..... 32 5,333,273 0.22 166,665 Manufactured Housing (1).. 22 1,758,776 0.07 79,944 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 15,097 $ 2,409,221,858 100.00% $ 159,583 ============== ==================== ================= High Rise Condominium..... 7.338 359.92 606 78.0 Manufactured Housing (1).. 9.025 359.80 591 64.2 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.986% 358.23 614 78.4% ------------ (1) Treated as real property.

Occupancy Types for the Group 1 Initial Mortgage Loans in the Initial Mortgage Pool(1) Percent of Number Aggregate Aggregate Average of Principal Principal Current Mortgage Balance Balance Principal Occupancy Type Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ Owner Occupied............ 14,678 $ 2,354,502,236 97.73% $ 160,410 Investment Property....... 306 39,163,522 1.63 127,985 Second Home............... 113 15,556,100 0.65 137,665 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 15,097 $ 2,409,221,858 100.00% $ 159,583 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Loan-to- Occupancy Type Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ Owner Occupied............ 6.981% 358.24 613 78.5% Investment Property....... 7.225 357.54 637 74.2 Second Home............... 7.221 358.49 632 75.9 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.986% 358.23 614 78.4% ------------ (1) Based on representations by the Mortgagors at the time of origination of the related Initial Mortgage Loans.

Loan Purposes for the Group 1 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Mortgage Balance Balance Principal Loan Purpose Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ Refinance - Cash Out...... 8,895 $ 1,466,097,519 60.85% $ 164,823 Purchase.................. 5,240 800,630,762 33.23 152,792 Refinance - Rate/Term..... 962 142,493,577 5.91 148,122 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 15,097 $ 2,409,221,858 100.00% $ 159,583 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Loan-to- Loan Purpose Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ Refinance - Cash Out...... 6.999% 357.56 598 75.2% Purchase.................. 6.985 359.75 641 84.0 Refinance - Rate/Term..... 6.861 356.58 623 79.7 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.986% 358.23 614 78.4%

Credit Grade Categories for the Group 1 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Aggregate Aggregate Average Number of Principal Principal Current Mortgage Balance Balance Principal Credit Grade Category Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ A......................... 12,278 $1,986,302,430 82.45% $ 161,777 A-........................ 831 129,219,895 5.36 155,499 B......................... 1,092 162,615,675 6.75 148,915 C......................... 697 104,336,288 4.33 149,693 C-........................ 128 17,864,904 0.74 139,570 D......................... 71 8,882,666 0.37 125,108 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 15,097 $ 2,409,221,858 100.00% $ 159,583 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Loan-to- Credit Grade Category Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ A......................... 6.899% 358.37 624 79.6% A-........................ 7.145 356.47 576 76.0 B......................... 7.362 358.40 566 73.3 C......................... 7.603 358.01 561 68.6 C-........................ 7.742 359.47 556 66.5 D......................... 8.563 350.99 545 60.7 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.986% 358.23 614 78.4% ------------

Range of Months to Next Adjustment Date for the Adjustable Rate Group 1 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Months to Next Mortgage Balance Balance Principal Adjustment Date Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 0 - 6................... 4 $ 1,092,805 0.06% $ 273,201 19 - 24................... 694 114,756,524 6.76 165,355 25 - 31................... 2 360,066 0.02 180,033 32 - 37................... 10,012 1,581,101,566 93.15 157,921 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 10,712 $ 1,697,310,961 100.00% $ 158,449 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Months to Next Mortgage Term Bureau Loan-to- Adjustment Date Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 0 - 6................... 5.978% 359.57 634 93.5% 19 - 24................... 6.758 359.80 621 80.2 25 - 31................... 7.961 352.65 598 80.9 32 - 37................... 7.066 359.91 608 80.4 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 7.045% 359.90 608 80.4%

Loan Documentation Type for the Group 1 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Mortgage Balance Balance Principal Documentation Type Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ Full Documentation........ 10,179 $ 1,574,093,958 65.34% $ 154,641 Stated Income............. 4,918 835,127,900 34.66 169,810 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 15,097 $ 2,409,221,858 100.00% $ 159,583 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Loan-to- Documentation Type Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ Full Documentation........ 6.981% 358.04 607 78.9% Stated Income............. 6.997 358.61 627 77.4 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.986% 358.23 614 78.4%

LOAN GROUP 2 Mortgage Loan Programs for the Group 2 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Mortgage Balance Balance Principal Loan Program Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 30 Year LIBOR................ 7 $ 1,434,709 0.07% $ 204,958 2/28/ LIBOR.................. 1,484 238,942,813 11.67 161,013 2/28 LIBOR - Interest-Only 404 99,631,279 4.87 246,612 3/27 LIBOR................... 4,263 803,259,901 39.23 188,426 3/27 LIBOR - Interest-Only 1,118 300,878,146 14.69 269,122 Fixed 15-Year................ 1 1,324,922 0.06 1,324,922 Fixed 15-Year - Credit Comeback.................. 491 52,703,236 2.57 107,339 Fixed 20-Year................ 4 970,753 0.05 242,688 Fixed 30-Year - Credit Comeback.................. 20 2,191,108 0.11 109,555 Fixed 30-Year................ 383 155,059,959 7.57 404,856 Fixed 30-Year - Interest- Only...................... 1,607 369,530,652 18.05 229,951 Fixed 30/15 Year - Balloon - Fixed..................... 68 21,187,178 1.03 311,576 5 392,638 0.02 78,528 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg..... 9,855 $ 2,047,507,293 100.00% $ 207,763 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Loan-to- Loan Program Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 30 Year LIBOR................ 6.633% 348.75 636 90.5% 2/28/ LIBOR.................. 7.307 357.05 615 81.8 2/28 LIBOR - Interest-Only 6.347 359.30 659 81.9 3/27 LIBOR................... 7.246 359.57 606 81.5 3/27 LIBOR - Interest-Only 6.388 359.65 647 81.4 Fixed 15-Year................ 6.375 359.00 664 58.0 Fixed 15-Year - Credit Comeback.................. 7.191 177.38 605 71.1 Fixed 20-Year................ 6.734 179.92 701 83.7 Fixed 30-Year - Credit Comeback.................. 7.329 239.35 614 70.8 Fixed 30-Year................ 6.002 359.82 719 63.6 Fixed 30-Year - Interest- Only...................... 6.706 358.32 636 74.6 Fixed 30/15 Year - Balloon - Fixed..................... 6.414 359.78 655 77.1 7.906 158.53 565 72.8 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg..... 6.881% 354.12 630 78.6%

Original Term to Stated Maturity for the Group 2 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Mortgage Balance Balance Principal Original Term (months) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ ARM 360................... 7,277 $ 1,445,471,770 70.60% $ 198,636 Fixed 180................. 500 54,066,626 2.64 108,133 Fixed 240................. 20 2,191,108 0.11 109,555 Fixed 360................. 2,058 545,777,789 26.66 265,198 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 9,855 $ 2,047,507,293 100.00% $ 207,763 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Loan-to- Original Term (months) Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ ARM 360................... 7.014% 359.14 620 81.5% Fixed 180................. 7.188 177.29 607 71.3 Fixed 240................. 7.329 239.35 614 70.8 Fixed 360................. 6.495 358.80 660 71.6 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.881% 354.12 630 78.6%

Mortgage Loan Principal Balances for the Group 2 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Mortgage Loan Mortgage Balance Balance Principal Principal Balances Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ $ 0.01 - $25,000.00.. 35 $ 614,057 0.03% $ 17,544 $ 25,000.01 - $50,000.00.. 238 10,115,948 0.49 42,504 $ 50,000.01 - $75,000.00.. 756 47,924,025 2.34 63,392 $ 75,000.01 - $100,000.00. 1,059 94,015,225 4.59 88,777 $100,000.01 - $150,000.00. 2,223 275,763,101 13.47 124,050 $150,000.01 - $200,000.00. 1,541 266,975,469 13.04 173,248 $200,000.01 - $250,000.00. 1,015 227,210,173 11.10 223,852 $250,000.01 - $300,000.00. 684 187,950,665 9.18 274,782 $300,000.01 - $350,000.00. 625 206,854,420 10.10 330,967 $350,000.01 - $400,000.00. 840 315,899,007 15.43 376,070 $400,000.01 - $450,000.00. 351 149,323,832 7.29 425,424 $450,000.01 - $500,000.00. 284 136,830,167 6.68 481,796 $500,000.01 - $550,000.00. 66 35,009,795 1.71 530,451 $550,000.01 - $600,000.00. 59 34,237,213 1.67 580,292 $600,000.01 - $650,000.00. 35 22,164,133 1.08 633,261 $650,000.01 - $700,000.00. 11 7,463,100 0.36 678,464 $700,000.01 - $750,000.00. 7 5,164,125 0.25 737,732 $750,000.01 - $800,000.00. 4 3,122,800 0.15 780,700 $800,000.01 - $850,000.00. 5 4,170,000 0.20 834,000 $850,000.01 - $900,000.00. 4 3,515,050 0.17 878,763 $900,000.01 or Greater.... 13 13,184,987 0.64 1,014,230 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 9,855 $ 2,047,507,293 100.00% $ 207,763 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Mortgage Loan Mortgage Term Bureau Loan-to- Principal Balances Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ $ 0.01 - $25,000.00.. 9.928% 186.97 592 55.0% $ 25,000.01 - $50,000.00.. 9.035 295.24 594 70.4 $ 50,000.01 - $75,000.00.. 8.320 320.40 597 77.3 $ 75,000.01 - $100,000.00. 7.622 341.68 610 80.5 $100,000.01 - $150,000.00. 7.412 350.88 615 81.8 $150,000.01 - $200,000.00. 7.124 352.35 620 80.7 $200,000.01 - $250,000.00. 6.936 355.51 624 80.1 $250,000.01 - $300,000.00. 6.785 356.56 629 79.2 $300,000.01 - $350,000.00. 6.663 357.15 631 79.7 $350,000.01 - $400,000.00. 6.553 359.07 635 78.5 $400,000.01 - $450,000.00. 6.425 359.07 646 78.0 $450,000.01 - $500,000.00. 6.375 358.56 652 74.6 $500,000.01 - $550,000.00. 6.333 357.10 661 74.0 $550,000.01 - $600,000.00. 6.267 356.99 647 69.7 $600,000.01 - $650,000.00. 6.020 359.89 695 62.6 $650,000.01 - $700,000.00. 6.326 360.00 677 61.9 $700,000.01 - $750,000.00. 5.788 360.00 713 68.1 $750,000.01 - $800,000.00. 6.118 360.00 653 63.9 $800,000.01 - $850,000.00. 6.783 360.00 648 74.2 $850,000.01 - $900,000.00. 6.259 359.75 688 63.0 $900,000.01 or Greater.... 6.213 359.45 690 51.5 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.881% 354.12 630 78.6%

Current Mortgage Rates for the Group 2 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Current Mortgage Balance Balance Principal Mortgage Rates (%) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 4.001 - 4.500........... 15 $ 4,163,274 0.20% $ 277,552 4.501 - 5.000........... 98 27,503,070 1.34 280,644 5.001 - 5.500........... 464 139,024,507 6.79 299,622 5.501 - 6.000........... 1,337 379,005,673 18.51 283,475 6.001 - 6.500........... 1,592 394,131,940 19.25 247,570 6.501 - 7.000........... 1,744 378,947,897 18.51 217,287 7.001 - 7.500........... 1,264 235,643,525 11.51 186,427 7.501 - 8.000........... 1,120 195,469,496 9.55 174,526 8.001 - 8.500........... 692 107,876,917 5.27 155,891 8.501 - 9.000........... 634 90,413,675 4.42 142,608 9.001 - 9.500........... 404 48,144,803 2.35 119,170 9.501 - 10.000........... 264 28,771,450 1.41 108,983 10.001 - 10.500........... 109 8,901,491 0.43 81,665 10.501 - 11.000........... 62 5,763,501 0.28 92,960 11.001 - 11.500........... 24 2,120,016 0.10 88,334 11.501 - 12.000........... 14 913,644 0.04 65,260 12.001 - 12.500........... 7 370,119 0.02 52,874 12.501 - 13.000........... 3 63,420 0.00 21,140 13.001 - 13.500........... 4 142,877 0.01 35,719 13.501 - 14.000........... 2 96,700 0.00 48,350 14.001 or Greater......... 2 39,298 0.00 19,649 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 9,855 $ 2,047,507,293 100.00% $ 207,763 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Current Mortgage Term Bureau Loan-to- Mortgage Rates (%) Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 4.001 - 4.500........... 4.452% 359.31 667 70.7% 4.501 - 5.000........... 4.864 359.52 684 77.3 5.001 - 5.500........... 5.415 357.40 694 71.0 5.501 - 6.000........... 5.861 356.60 671 73.6 6.001 - 6.500........... 6.346 354.87 639 76.7 6.501 - 7.000........... 6.821 352.81 621 79.8 7.001 - 7.500........... 7.330 354.05 607 81.7 7.501 - 8.000........... 7.817 353.67 599 83.2 8.001 - 8.500........... 8.317 354.21 587 84.9 8.501 - 9.000........... 8.801 349.25 577 83.9 9.001 - 9.500........... 9.303 352.20 577 85.5 9.501 - 10.000........... 9.784 345.62 572 85.0 10.001 - 10.500........... 10.326 331.63 557 79.4 10.501 - 11.000........... 10.831 317.86 565 78.4 11.001 - 11.500........... 11.293 336.44 590 85.7 11.501 - 12.000........... 11.823 338.90 562 80.3 12.001 - 12.500........... 12.301 319.86 561 86.6 12.501 - 13.000........... 12.829 204.14 554 51.6 13.001 - 13.500........... 13.321 290.97 558 69.1 13.501 - 14.000........... 13.674 360.00 557 75.7 14.001 or Greater......... 14.369 333.51 543 76.5 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.881% 354.12 630 78.6%

Remaining Terms to Stated Maturity for the Group 2 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Remaining Terms Mortgage Balance Balance Principal (months) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 1 - 120................. 42 $ 1,624,581 0.08% $ 38,680 121 - 180................. 464 52,898,793 2.58 114,006 181 - 300................. 164 12,102,577 0.59 73,796 301 - 360................. 9,185 1,980,881,342 96.75 215,665 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 9,855 $ 2,047,507,293 100.00% $ 207,763 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Remaining Terms Mortgage Term Bureau Loan-to- (months) Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 1 - 120................. 9.314% 97.17 629 64.6% 121 - 180................. 7.138 179.58 606 71.6 181 - 300................. 9.069 273.13 611 72.0 301 - 360................. 6.858 359.49 631 78.8 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.881% 354.12 630 78.6%

Original Loan-to-Value Ratios for the Group 2 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Original Loan-to- Mortgage Balance Balance Principal Value Ratios (%) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 50.00 or Less............. 366 $ 78,819,326 3.85% $ 215,353 50.01 - 55.00............. 193 50,400,481 2.46 261,142 55.01 - 60.00............. 271 62,197,870 3.04 229,512 60.01 - 65.00............. 312 76,579,912 3.74 245,448 65.01 - 70.00............. 629 135,791,543 6.63 215,885 70.01 - 75.00............. 813 189,333,037 9.25 232,882 75.01 - 80.00............. 3,690 738,164,326 36.05 200,045 80.01 - 85.00............. 1,006 214,109,998 10.46 212,833 85.01 - 90.00............. 1,424 301,105,715 14.71 211,451 90.01 - 95.00............. 413 83,293,262 4.07 201,679 95.01 - 100.00............ 738 117,711,822 5.75 159,501 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 9,855 $ 2,047,507,293 100.00% $ 207,763 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Original Loan-to- Mortgage Term Bureau Loan-to- Value Ratios (%) Rate (months) Risk Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 50.00 or Less............. 6.355% 345.93 666 41.1% 50.01 - 55.00............. 6.336 346.79 654 52.8 55.01 - 60.00............. 6.505 348.35 640 57.9 60.01 - 65.00............. 6.527 351.40 624 63.1 65.01 - 70.00............. 6.857 347.63 610 68.4 70.01 - 75.00............. 6.846 352.92 612 73.7 75.01 - 80.00............. 6.582 356.25 639 79.6 80.01 - 85.00............. 7.089 353.33 610 84.1 85.01 - 90.00............. 7.245 355.88 621 89.5 90.01 - 95.00............. 7.721 357.03 631 94.6 95.01 - 100.00............ 7.947 358.49 650 99.8 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.881% 354.12 630 78.6% ----------

State Distribution of the Mortgaged Properties for Group 2 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Mortgage Balance Balance Principal State Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ Alabama................... 93 $ 10,935,907 0.53% $ 117,590 Alaska.................... 1 53,973 0.00 53,973 Arizona................... 363 54,045,664 2.64 148,886 Arkansas.................. 37 3,560,220 0.17 96,222 California................ 2,553 796,595,460 38.91 312,023 Colorado.................. 233 44,259,117 2.16 189,953 Connecticut............... 86 18,048,726 0.88 209,869 Delaware.................. 20 3,343,047 0.16 167,152 District of Columbia...... 23 6,502,985 0.32 282,738 Florida................... 697 116,090,992 5.67 166,558 Georgia................... 371 57,545,636 2.81 155,110 Hawaii.................... 26 7,068,686 0.35 271,873 Idaho..................... 28 4,654,965 0.23 166,249 Illinois.................. 360 67,187,048 3.28 186,631 Indiana................... 137 14,675,175 0.72 107,118 Iowa...................... 21 2,007,619 0.10 95,601 Kansas.................... 75 10,292,062 0.50 137,227 Kentucky.................. 96 10,493,250 0.51 109,305 Louisiana................. 82 10,213,104 0.50 124,550 Maine..................... 13 2,314,316 0.11 178,024 Maryland.................. 230 55,176,298 2.69 239,897 Massachusetts............. 252 67,020,156 3.27 265,953 Michigan.................. 530 72,010,469 3.52 135,869 Minnesota................. 125 23,341,573 1.14 186,733 Mississippi............... 39 3,909,197 0.19 100,236 Missouri.................. 273 31,224,860 1.53 114,377 Montana................... 9 1,289,382 0.06 143,265 Nebraska.................. 12 1,223,338 0.06 101,945 Nevada.................... 206 43,072,150 2.10 209,088 New Hampshire............. 56 11,842,875 0.58 211,480 New Jersey................ 277 63,649,584 3.11 229,782 New Mexico................ 36 5,509,174 0.27 153,033 New York.................. 248 72,437,390 3.54 292,086 North Carolina............ 156 24,331,332 1.19 155,970 North Dakota.............. 2 111,608 0.01 55,804 Ohio...................... 176 20,886,608 1.02 118,674 Oklahoma.................. 67 8,864,486 0.43 132,306 Oregon.................... 100 17,627,420 0.86 176,274 Pennsylvania.............. 184 26,492,307 1.29 143,980 Rhode Island.............. 30 6,229,390 0.30 207,646 South Carolina............ 62 8,410,791 0.41 135,658 South Dakota.............. 10 1,171,678 0.06 117,168 Tennessee................. 144 18,765,821 0.92 130,318 Texas..................... 562 69,633,099 3.40 123,902 Utah...................... 63 11,583,943 0.57 183,872 Vermont................... 4 444,073 0.02 111,018 Virginia.................. 363 79,673,126 3.89 219,485 Washington................ 210 46,630,890 2.28 222,052 West Virginia............. 18 2,225,743 0.11 123,652 Wisconsin................. 89 11,829,944 0.58 132,921 Wyoming................... 7 1,000,638 0.05 142,948 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 9,855 $ 2,047,507,293 100.00% $ 207,763 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Risk Loan-to- State Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ Alabama................... 7.828% 344.24 611 84.4% Alaska.................... 9.500 359.00 626 90.0 Arizona................... 6.767 355.37 637 81.9 Arkansas.................. 8.158 340.49 614 89.3 California................ 6.298 357.16 652 74.4 Colorado.................. 6.701 357.47 643 80.6 Connecticut............... 7.233 356.85 603 77.6 Delaware.................. 7.352 342.32 586 83.4 District of Columbia...... 6.953 359.61 614 74.3 Florida................... 7.258 353.32 613 81.7 Georgia................... 7.608 355.11 608 83.9 Hawaii.................... 6.673 328.53 628 73.4 Idaho..................... 7.089 310.55 630 78.6 Illinois.................. 7.557 355.21 607 82.1 Indiana................... 7.477 349.77 610 84.3 Iowa...................... 8.316 350.22 629 88.1 Kansas.................... 7.263 350.69 629 82.8 Kentucky.................. 7.367 351.75 624 85.2 Louisiana................. 7.773 325.56 603 81.1 Maine..................... 9.238 348.78 594 86.3 Maryland.................. 7.086 354.35 617 81.4 Massachusetts............. 6.978 357.23 600 76.4 Michigan.................. 7.569 354.65 610 83.4 Minnesota................. 7.572 354.62 607 83.2 Mississippi............... 8.051 340.99 612 85.1 Missouri.................. 7.663 347.48 604 83.9 Montana................... 7.009 341.97 655 73.5 Nebraska.................. 7.285 327.08 626 80.8 Nevada.................... 6.996 353.59 630 82.4 New Hampshire............. 7.041 357.36 616 80.0 New Jersey................ 7.482 352.73 598 77.2 New Mexico................ 7.283 343.39 618 78.5 New York.................. 6.891 351.81 612 76.3 North Carolina............ 7.780 352.40 613 86.9 North Dakota.............. 7.509 179.00 574 80.0 Ohio...................... 7.491 344.24 617 83.5 Oklahoma.................. 7.539 349.06 621 86.4 Oregon.................... 6.454 356.04 659 79.3 Pennsylvania.............. 7.411 340.28 602 79.6 Rhode Island.............. 7.101 359.78 612 74.6 South Carolina............ 7.943 352.56 597 83.4 South Dakota.............. 7.648 351.81 594 80.2 Tennessee................. 7.804 352.18 609 89.2 Texas..................... 7.441 339.55 624 83.7 Utah...................... 6.788 347.18 637 78.7 Vermont................... 8.843 358.87 557 80.6 Virginia.................. 7.089 358.15 617 80.9 Washington................ 6.500 354.80 650 80.6 West Virginia............. 7.549 351.75 608 77.8 Wisconsin................. 8.023 353.33 601 82.9 Wyoming................... 6.522 359.72 593 74.8 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.881% 354.12 630 78.6%

Credit Bureau Risk Scores(1) for the Group 2 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Credit Bureau Mortgage Balance Balance Principal Risk Scores Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ Unknown................... 7 $ 468,312 0.02% $ 66,902 801 - 820................. 15 4,349,006 0.21 289,934 781 - 800................. 84 28,617,958 1.40 340,690 761 - 780................. 155 52,601,377 2.57 339,364 741 - 760................. 216 57,914,010 2.83 268,120 721 - 740................. 229 59,136,577 2.89 258,238 701 - 720................. 369 89,825,351 4.39 243,429 681 - 700................. 564 126,529,042 6.18 224,342 661 - 680................. 884 199,995,302 9.77 226,239 641 - 660................. 1,189 244,920,801 11.96 205,989 621 - 640................. 1,101 237,606,606 11.60 215,810 601 - 620................. 1,218 242,076,388 11.82 198,749 581 - 600................. 1,152 227,323,760 11.10 197,330 561 - 580................. 818 153,799,960 7.51 188,020 541 - 560................. 768 146,396,162 7.15 190,620 521 - 540................. 628 107,820,438 5.27 171,689 501 - 520................. 425 63,662,979 3.11 149,795 500 or Less............... 33 4,463,263 0.22 135,250 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 9,855 $ 2,047,507,293 100.00% $ 207,763 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Credit Bureau Mortgage Term Bureau Risk Loan-to- Risk Scores Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ Unknown................... 8.405% 271.99 N/A 62.2% 801 - 820................. 5.850 359.88 807 66.3 781 - 800................. 5.885 358.99 789 60.1 761 - 780................. 5.921 359.25 771 68.4 741 - 760................. 5.992 355.39 750 73.5 721 - 740................. 6.051 358.98 730 76.1 701 - 720................. 6.163 358.39 709 77.3 681 - 700................. 6.295 356.45 690 79.8 661 - 680................. 6.456 355.17 670 80.4 641 - 660................. 6.697 353.83 650 81.6 621 - 640................. 6.781 353.98 631 81.3 601 - 620................. 7.028 352.58 610 81.2 581 - 600................. 7.215 353.56 591 80.7 561 - 580................. 7.360 350.96 571 77.7 541 - 560................. 7.565 352.81 550 76.4 521 - 540................. 7.815 353.58 531 74.5 501 - 520................. 8.186 349.34 512 73.1 500 or Less............... 8.239 354.28 496 69.5 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.881% 354.12 630 78.6% ------------ (1) The Credit Bureau Risk Scores referenced in this table with respect to substantially all of the Group 2 Initial Mortgage Loans in the Initial Mortgage Pool were obtained by the respective originators from one or more credit reporting agencies, and were determined at the time of origination.

Original Prepayment Penalty Period for the Group 2 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Original Prepayment Mortgage Balance Balance Principal Penalty Period (months) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 0........................ 2,191 $ 437,797,735 21.38% $ 199,816 6........................ 17 2,132,271 0.10 125,428 12........................ 571 140,970,786 6.88 246,884 24........................ 1,367 278,531,536 13.60 203,754 30........................ 2 438,925 0.02 219,463 36........................ 4,661 899,288,461 43.92 192,939 60........................ 1,046 288,347,580 14.08 275,667 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 9,855 $ 2,047,507,293 100.00% $ 207,763 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Original Prepayment Mortgage Term Bureau Risk Loan-to- Penalty Period (months) Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 0........................ 7.423% 351.65 611 80.0% 6........................ 6.987 340.02 611 79.6 12........................ 6.916 355.92 619 77.7 24........................ 6.803 357.99 630 81.0 30........................ 9.130 360.00 608 92.3 36........................ 6.793 356.51 629 80.2 60........................ 6.385 345.89 668 69.6 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.881% 354.12 630 78.6%

Gross Margins for the Adjustable Rate Group 2 Initial Mortgage Loans in the Initial Mortgage Pool(1) Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Gross Mortgage Balance Balance Principal Margins (%) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 2.001 - 3.000........... 3 $ 1,649,721 0.11% $ 549,907 3.001 - 4.000........... 79 22,705,760 1.57 287,415 4.001 - 5.000........... 471 139,066,814 9.62 295,259 5.001 - 6.000........... 1,242 308,148,904 21.32 248,107 6.001 - 7.000........... 1,997 411,885,249 28.49 206,252 7.001 - 8.000........... 1,500 275,724,785 19.08 183,817 8.001 - 9.000........... 1,597 238,414,778 16.49 149,289 9.001 - 10.000........... 328 42,418,909 2.93 129,326 10.001 - 11.000........... 47 4,429,071 0.31 94,236 11.001 - 12.000........... 12 970,339 0.07 80,862 12.001 - 13.000........... 1 57,440 0.00 57,440 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 7,277 $ 1,445,471,770 100.00% $ 198,636 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Gross Mortgage Term Bureau Risk Loan-to- Margins (%) Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 2.001 - 3.000........... 6.140% 358.92 675 59.0% 3.001 - 4.000........... 4.894 359.48 679 75.8 4.001 - 5.000........... 5.661 359.51 661 78.3 5.001 - 6.000........... 6.267 358.72 635 79.1 6.001 - 7.000........... 6.831 358.83 626 81.5 7.001 - 8.000........... 7.578 359.35 604 83.9 8.001 - 9.000........... 8.198 359.67 586 84.1 9.001 - 10.000........... 9.065 359.47 574 85.6 10.001 - 11.000........... 10.297 359.60 551 79.2 11.001 - 12.000........... 11.091 358.12 550 77.4 12.001 - 13.000........... 7.875 359.00 541 78.2 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 7.014% 359.14 620 81.5% ------------ (1) The weighted average Gross Margin for the Adjustable Rate Group 2 Initial Mortgage Loans in the Initial Mortgage Pool as of the Initial Cut-off Date was approximately 6.752%.

Next Adjustment Date for the Adjustable Rate Group 2 Initial Mortgage Loans in the Initial Mortgage Pool(1) Percent of Number Aggregate Aggregate Average of Principal Principal Current Mortgage Balance Balance Principal Next Adjustment Date Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ June 2004................. 1 $ 75,535 0.01% $ 75,535 July 2004................. 14 1,289,206 0.09 92,086 August 2004............... 34 2,171,366 0.15 63,864 September 2004............ 15 856,048 0.06 57,070 October 2004.............. 14 975,566 0.07 69,683 November 2004............. 6 443,427 0.03 73,904 December 2004............. 31 2,680,972 0.19 86,483 January 2005.............. 3 876,240 0.06 292,080 December 2005............. 2 622,106 0.04 311,053 January 2006.............. 1 92,143 0.01 92,143 February 2006............. 14 2,054,366 0.14 146,740 March 2006................ 50 7,167,308 0.50 143,346 April 2006................ 374 58,700,664 4.06 156,954 May 2006.................. 741 138,991,248 9.62 187,573 June 2006................. 531 105,464,201 7.30 198,614 July 2006................. 78 18,733,231 1.30 240,170 August 2006............... 1 348,032 0.02 348,032 September 2006............ 1 129,674 0.01 129,674 October 2006.............. 1 322,771 0.02 322,771 December 2006............. 2 407,945 0.03 203,972 January 2007.............. 2 222,296 0.02 111,148 February 2007............. 8 1,204,905 0.08 150,613 March 2007................ 22 4,186,296 0.29 190,286 April 2007................ 319 53,600,064 3.71 168,025 May 2007.................. 1,521 281,138,388 19.45 184,838 June 2007................. 2,559 549,380,570 38.01 214,686 July 2007................. 931 212,012,279 14.67 227,725 May 2009.................. 1 1,324,922 0.09 1,324,922 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 7,277 $ 1,445,471,770 100.00% $ 198,636 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Risk Loan-to- Next Adjustment Date Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ June 2004................. 9.750% 307.00 563 77.9% July 2004................. 9.955 286.98 593 75.8 August 2004............... 9.082 284.00 611 73.4 September 2004............ 9.208 288.55 597 78.0 October 2004.............. 9.050 287.83 616 74.9 November 2004............. 9.876 295.80 592 75.4 December 2004............. 9.230 310.87 589 82.2 January 2005.............. 6.526 360.00 620 91.3 December 2005............. 7.948 354.57 556 75.0 January 2006.............. 9.000 355.00 544 69.9 February 2006............. 8.280 356.13 605 84.5 March 2006................ 7.251 357.05 605 84.4 April 2006................ 7.160 358.05 626 83.7 May 2006.................. 6.815 359.01 632 81.8 June 2006................. 7.022 359.99 626 81.4 July 2006................. 7.012 360.00 633 80.2 August 2006............... 6.975 350.00 609 90.0 September 2006............ 11.200 352.00 542 72.9 October 2006.............. 6.875 352.00 583 65.9 December 2006............. 8.067 354.00 581 80.0 January 2007.............. 8.155 355.00 533 88.2 February 2007............. 7.364 356.00 646 82.4 March 2007................ 7.581 357.07 590 78.0 April 2007................ 6.955 358.18 617 81.4 May 2007.................. 6.847 359.03 625 81.7 June 2007................. 7.000 360.00 615 81.4 July 2007................. 7.245 360.00 611 81.3 May 2009.................. 6.375 359.00 664 58.0 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 7.014% 359.14 620 81.5% ------------ (1) The weighted average next adjustment date for the Adjustable Rate Group 2 Initial Mortgage Loans in the Initial Mortgage Pool as of the Initial Cut-off Date is February 2007.

Maximum Mortgage Rates for the Adjustable Rate Group 2 Initial Mortgage Loans in the Initial Mortgage Pool(1) Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Maximum Mortgage Balance Balance Principal Mortgage Rates (%) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 9.001 - 10.000........... 2 $ 225,205 0.02% $ 112,603 10.001 - 10.500........... 14 2,272,766 0.16 162,340 10.501 - 11.000........... 67 14,519,260 1.00 216,705 11.001 - 11.500........... 147 32,020,323 2.22 217,825 11.501 - 12.000........... 343 74,103,424 5.13 216,045 12.001 - 12.500........... 564 126,781,923 8.77 224,791 12.501 - 13.000........... 1,041 245,889,001 17.01 236,205 13.001 - 13.500........... 1,097 241,858,921 16.73 220,473 13.501 - 14.000........... 1,102 235,339,832 16.28 213,557 14.001 - 14.500........... 830 155,469,173 10.76 187,312 14.501 - 15.000........... 697 125,825,796 8.70 180,525 15.001 - 15.500........... 445 73,826,236 5.11 165,902 15.501 - 16.000........... 364 54,621,976 3.78 150,060 16.001 - 16.500........... 266 31,832,735 2.20 119,672 16.501 - 17.000........... 171 19,755,575 1.37 115,530 17.001 - 17.500........... 62 5,004,770 0.35 80,722 17.501 - 18.000........... 36 3,503,528 0.24 97,320 18.001 - 18.500........... 16 1,714,636 0.12 107,165 18.501 - 19.000........... 8 612,329 0.04 76,541 19.001 - 19.500........... 2 159,961 0.01 79,981 19.501 or Greater......... 3 134,401 0.01 44,800 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 7,277 $ 1,445,471,770 100.00% $ 198,636 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Maximum Mortgage Term Bureau Risk Loan-to- Mortgage Rates (%) Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 9.001 - 10.000........... 7.506% 359.00 619 85.6% 10.001 - 10.500........... 4.954 359.10 684 78.7 10.501 - 11.000........... 5.162 359.38 700 79.3 11.001 - 11.500........... 5.427 359.43 678 76.8 11.501 - 12.000........... 5.651 359.44 667 78.4 12.001 - 12.500........... 5.930 359.40 652 79.7 12.501 - 13.000........... 6.232 359.51 637 80.0 13.001 - 13.500........... 6.635 359.55 623 79.6 13.501 - 14.000........... 7.053 359.51 614 81.9 14.001 - 14.500........... 7.545 359.36 603 83.8 14.501 - 15.000........... 8.034 359.25 590 84.3 15.001 - 15.500........... 8.492 358.54 584 85.8 15.501 - 16.000........... 8.912 357.98 571 84.6 16.001 - 16.500........... 9.356 358.77 575 85.4 16.501 - 17.000........... 9.829 354.05 576 86.8 17.001 - 17.500........... 10.330 344.05 558 81.0 17.501 - 18.000........... 10.840 339.64 565 80.9 18.001 - 18.500........... 11.288 351.56 594 89.9 18.501 - 19.000........... 11.802 342.74 558 83.0 19.001 - 19.500........... 12.227 328.08 547 87.5 19.501 or Greater......... 13.699 360.00 530 70.6 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 7.014% 359.14 620 81.5% ------------ (1) The weighted average Maximum Mortgage Rate for the Adjustable Rate Group 2 Initial Mortgage Loans in the Initial Mortgage Pool as of the Initial Cut-off Date was approximately 13.672% per annum.

Initial Periodic Rate Cap for the Adjustable Rate Group 2 Initial Mortgage Loans in the Initial Mortgage Pool(1) Percent of Number Aggregate Aggregate Average of Principal Principal Current Initial Periodic Rate Mortgage Balance Balance Principal Cap (%) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 1.000..................... 92 $ 15,611,452 1.08% $ 169,690 1.050..................... 1 214,545 0.01 214,545 1.250..................... 2 195,300 0.01 97,650 1.500..................... 3,442 787,864,705 54.51 228,897 1.505..................... 1 199,832 0.01 199,832 1.950..................... 1 96,050 0.01 96,050 2.000..................... 215 35,694,877 2.47 166,023 2.570..................... 1 289,678 0.02 289,678 2.875..................... 1 301,293 0.02 301,293 2.910..................... 1 116,800 0.01 116,800 2.989..................... 1 275,684 0.02 275,684 2.995..................... 1 267,645 0.02 267,645 3.000..................... 3,508 601,438,640 41.61 171,448 3.250..................... 1 89,517 0.01 89,517 5.000..................... 1 1,324,922 0.09 1,324,922 6.000..................... 1 329,743 0.02 329,743 7.000..................... 7 1,161,088 0.08 165,870 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 7,277 $ 1,445,471,770 100.00% $ 198,636 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Initial Periodic Rate Mortgage Term Bureau Risk Loan-to- Cap (%) Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 1.000..................... 7.713% 359.22 611 86.4% 1.050..................... 7.780 357.00 549 78.8 1.250..................... 6.956 360.00 658 94.7 1.500..................... 7.024 359.10 614 81.0 1.505..................... 6.875 359.00 606 57.6 1.950..................... 8.550 360.00 527 85.0 2.000..................... 6.794 359.22 634 83.4 2.570..................... 5.430 359.00 577 77.3 2.875..................... 7.875 359.00 584 90.0 2.910..................... 6.990 360.00 571 80.0 2.989..................... 8.790 358.00 745 100.0 2.995..................... 8.075 358.00 550 80.0 3.000..................... 6.994 359.19 627 82.1 3.250..................... 6.350 359.00 698 80.0 5.000..................... 6.375 359.00 664 58.0 6.000..................... 7.250 359.00 652 97.9 7.000..................... 7.841 359.06 628 85.1 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 7.014% 359.14 620 81.5% ------------ (1) The weighted average Initial Periodic Rate Cap for the Adjustable Rate Group 2 Initial Mortgage Loans in the Initial Mortgage Pool as of the Initial Cut-off Date was approximately 2.141%.

Subsequent Periodic Rate Cap for the Adjustable Rate Group 2 Initial Mortgage Loans in the Initial Mortgage Pool(1) Percent of Number Aggregate Aggregate Average of Principal Principal Current Subsequent Periodic Rate Mortgage Balance Balance Principal Cap (%) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 1.000..................... 3,375 $ 574,499,665 39.74% $ 170,222 1.250..................... 22 3,466,335 0.24 157,561 1.500..................... 3,865 864,042,807 59.78 223,556 2.000..................... 9 2,333,691 0.16 259,299 3.000..................... 6 1,129,272 0.08 188,212 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 7,277 $ 1,445,471,770 100.00% $ 198,636 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Subsequent Periodic Rate Mortgage Term Bureau Risk Loan-to- Cap (%) Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 1.000..................... 7.021% 359.24 627 82.4% 1.250..................... 7.203 358.29 604 84.3 1.500..................... 7.009 359.08 614 81.0 2.000..................... 6.634 359.01 660 64.9 3.000..................... 7.605 359.15 609 87.5 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 7.014% 359.14 620 81.5% ------------ (1) The weighted average Subsequent Periodic Rate Cap for the Adjustable Rate Group 2 Initial Mortgage Loans in the Initial Mortgage Pool as of the Initial Cut-off Date was approximately 1.303%.

Minimum Mortgage Rates for the Adjustable Rate Group 2 Initial Mortgage Loans in the Initial Mortgage Pool(1) Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Minimum Mortgage Balance Balance Principal Mortgage Rates (%) Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 1.000 or Less........... 1 $ 275,317 0.02% $ 275,317 1.001 - 2.000.......... 1 87,500 0.01 87,500 2.001 - 3.000.......... 32 4,883,469 0.34 152,608 3.001 - 4.000.......... 4 770,255 0.05 192,564 4.001 - 5.000.......... 125 34,457,707 2.38 275,662 5.001 - 6.000.......... 1,150 294,428,477 20.37 256,025 6.001 - 7.000.......... 2,347 516,219,393 35.71 219,949 7.001 - 8.000.......... 1,837 345,664,961 23.91 188,168 8.001 - 9.000.......... 1,072 168,555,998 11.66 157,235 9.001 - 10.000.......... 556 66,352,620 4.59 119,339 10.001 or Greater......... 152 13,776,072 0.95 90,632 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 7,277 $ 1,445,471,770 100.00% $ 198,636 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Minimum Mortgage Term Bureau Risk Loan-to- Mortgage Rates (%) Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 1.000 or Less........... 7.000% 357.00 541 80.0% 1.001 - 2.000.......... 8.650 360.00 520 74.8 2.001 - 3.000.......... 6.213 358.48 658 72.9 3.001 - 4.000.......... 5.393 360.00 683 74.8 4.001 - 5.000.......... 4.936 359.47 680 77.4 5.001 - 6.000.......... 5.750 359.50 655 78.7 6.001 - 7.000.......... 6.613 359.51 627 80.4 7.001 - 8.000.......... 7.556 359.36 601 83.4 8.001 - 9.000.......... 8.524 358.60 581 85.3 9.001 - 10.000.......... 9.472 357.51 575 86.6 10.001 or Greater......... 10.716 346.30 563 81.8 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 7.014% 359.14 620 81.5% ------------ (1) The weighted average Minimum Mortgage Rate for the Adjustable Rate Group 2 Initial Mortgage Loans in the Initial Mortgage Pool as of the Initial Cut-off Date was approximately 6.983% per annum.

Types of Mortgaged Properties for the Group 2 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Mortgage Balance Balance Principal Property Type Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ Single-Family Residence... 7,710 $ 1,566,884,725 76.53% $ 203,228 Planned Unit Development.. 1,418 334,823,814 16.35 236,124 Low Rise Condominium...... 461 88,061,042 4.30 191,022 Two Family Home........... 169 36,976,583 1.81 218,796 Three Family Home......... 39 9,633,434 0.47 247,011 High Rise Condominium..... 31 6,189,340 0.30 199,656 Four Family Home.......... 19 4,540,485 0.22 238,973 Manufactured Housing (1).. 8 397,870 0.02 49,734 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 9,855 $ 2,047,507,293 100.00% $ 207,763 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Risk Loan-to- Property Type Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ Single-Family Residence... 6.901% 353.77 628 78.3% Planned Unit Development.. 6.735 355.89 637 79.7 Low Rise Condominium...... 6.852 355.37 637 80.6 Two Family Home........... 7.157 354.00 627 77.5 Three Family Home......... 7.266 354.06 628 75.9 High Rise Condominium..... 6.980 347.95 630 74.6 Four Family Home.......... 7.452 335.72 638 73.1 Manufactured Housing (1).. 10.816 289.94 591 70.9 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.881% 354.12 630 78.6% ------------ (1) Treated as real property.

Occupancy Types for the Group 2 Initial Mortgage Loans in the Initial Mortgage Pool(1) Percent of Number Aggregate Aggregate Average of Principal Principal Current Mortgage Balance Balance Principal Occupancy Type Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ Owner Occupied............ 9,568 $ 2,002,949,163 97.82% $ 209,338 Investment Property....... 215 28,451,970 1.39 132,335 Second Home............... 72 16,106,160 0.79 223,697 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 9,855 $ 2,047,507,293 100.00% $ 207,763 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Risk Loan-to- Occupancy Type Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ Owner Occupied............ 6.871% 354.36 630 78.7% Investment Property....... 7.438 343.08 640 74.1 Second Home............... 7.109 344.33 642 72.7 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.881% 354.12 630 78.6% ------------ (1) Based on representations by the Mortgagors at the time of origination of the related Group 2 Initial Mortgage Loans.

Loan Purposes for the Group 2 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Mortgage Balance Balance Principal Loan Purpose Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ Refinance - Cash Out...... 5,332 $ 1,166,031,450 56.95% $ 218,686 Purchase.................. 3,710 715,841,010 34.96 192,949 Refinance - Rate/Term..... 813 165,634,832 8.09 203,733 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 9,855 $ 2,047,507,293 100.00% $ 207,763 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Risk Loan-to- Loan Purpose Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ Refinance - Cash Out...... 6.915% 352.11 616 75.8% Purchase.................. 6.850 358.34 651 84.0 Refinance - Rate/Term..... 6.773 350.06 641 74.9 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.881% 354.12 630 78.6%

Credit Grade Categories for the Group 2 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Mortgage Balance Balance Principal Credit Grade Category Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ A......................... 8,269 $ 1,781,176,105 86.99% $ 215,404 A-........................ 522 93,578,728 4.57 179,270 B......................... 571 99,264,014 4.85 173,842 C......................... 400 60,861,852 2.97 152,155 C-........................ 71 9,542,555 0.47 134,402 D......................... 22 3,084,038 0.15 140,184 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 9,855 $ 2,047,507,293 100.00% $ 207,763 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Risk Loan-to- Credit Grade Category Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ A......................... 6.768% 354.89 639 79.3% A-........................ 7.400 347.28 579 77.4 B......................... 7.537 349.55 566 73.7 C......................... 8.062 352.14 559 71.0 C-........................ 8.087 345.72 562 66.0 D......................... 8.024 328.85 558 62.4 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.881% 354.12 630 78.6% ------------

Range of Months to Next Adjustment Date for the Adjustable Rate Group 2 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Range of Months to Next Mortgage Balance Balance Principal Adjustment Date Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ 0 - 6..................... 118 $ 9,368,360 0.65% $ 79,393 13 - 18................... 1 267,083 0.02 267,083 19 - 24................... 1,789 331,430,030 22.93 185,260 25 - 31................... 8 1,558,871 0.11 194,859 32 - 37................... 5,360 1,101,522,503 76.21 205,508 38 or Greater............. 1 1,324,922 0.09 1,324,922 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 7,277 $ 1,445,471,770 100.00% $ 198,636 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Range of Months to Next Mortgage Term Bureau Risk Loan-to- Adjustment Date Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ 0 - 6..................... 9.056% 300.77 601 78.6% 13 - 18................... 6.750 354.00 572 75.0 19 - 24................... 6.974 359.15 629 82.0 25 - 31................... 7.943 352.26 574 78.5 32 - 37................... 7.009 359.65 617 81.5 38 or Greater............. 6.375 359.00 664 58.0 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 7.014% 359.14 620 81.5%

Loan Documentation Type for the Group 2 Initial Mortgage Loans in the Initial Mortgage Pool Percent of Number Aggregate Aggregate Average of Principal Principal Current Mortgage Balance Balance Principal Documentation Type Loans Outstanding Outstanding Balance ----------------------------- -------------- -------------------- ----------------- ------------------ Full Documentation........ 6,138 $ 1,269,132,316 61.98% $ 206,766 Stated Income............. 3,709 777,754,273 37.99 209,694 Simple Documentation...... 8 620,705 0.03 77,588 -------------- -------------------- ----------------- ------------------ Total/Avg./Wtd. Avg.. 9,855 $ 2,047,507,293 100.00% $ 207,763 ============== ==================== ================= Weighted Weighted Weighted Weighted Average Average Average Average Current Remaining Credit Original Mortgage Term Bureau Risk Loan-to- Documentation Type Rate (months) Score Value Ratio ----------------------------- ---------------- ---------------- ------------------ ------------------ Full Documentation........ 6.806% 353.81 627 78.3% Stated Income............. 7.001 354.68 635 79.1 Simple Documentation...... 9.343 290.66 616 78.8 ---------------- ---------------- ------------------ ------------------ Total/Avg./Wtd. Avg.. 6.881% 354.12 630 78.6%

Filing Compare · CWABS INC ASSET BACKED CERTIFICATES SERIES 2004-6