EX-99.2 3 exh992to8ktermsheet1_ar10.htm

EXHIBIT 99.2

 


THE INFORMATION CONTAINED HEREIN HAS NOT BEEN INDEPENDENTLY VERIFIED BY WAMU CAPITAL CORP.  THE INFORMATION CONTAINED HEREIN IS PRELIMINARY AND SUBJECT TO CHANGE, AND SUPERSEDES INFORMATION CONTAINED IN ANY PRIOR COLLATERAL TERM SHEET FOR THIS TRANSACTION.

PROSPECTIVE INVESTORS IN THE SECURITIES SHOULD READ THE RELEVANT DOCUMENTS FILED, OR TO BE FILED, WITH THE SECURITIES AND EXCHANGE COMMISSION BECAUSE THEY CONTAIN IMPORTANT INFORMATION.  SUCH DOCUMENTS MAY BE OBTAINED WITHOUT CHARGE AT THE SECURITIES AND EXCHANGE COMMISSION'S WEBSITE.

ALTHOUGH A REGISTRATION STATEMENT (INCLUDING THE BASE PROSPECTUS) RELATING TO THE SECURITIES HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION AND IS EFFECTIVE, THE FINAL PROSPECTUS SUPPLEMENT RELATING TO THE SECURITIES DISCUSSED IN THIS COMMUNICATION HAS NOT YET BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION.  ONCE AVAILABLE, A FINAL PROSPECTUS AND PROSPECTUS SUPPLEMENT MAY BE OBTAINED WITHOUT CHARGE BY CONTACTING THE WAMU CAPITAL CORP. TRADING DESK AT 206-554-2450, OR BY CONTACTING WASHINGTON MUTUAL MORTGAGE SECURITIES CORP. AT 847-548-6500.

 

WaMu Mortgage Pass-Through Certificates
Series 2005-AR10 Combined
Mortgage Loans
Preliminary Collateral Information As of 07/01/05

TOTAL CURRENT BALANCE

$733,241,989

 

 

 

 

 

TOTAL ORIGINAL BALANCE

$734,842,590

 

 

 

 

 

 

 

 

 

 

 

 

NUMBER OF LOANS

1,181

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Minimum

 

Maximum

 

AVG CURRENT BALANCE

$620,865

 

$246,232

 

$1,500,000

 

AVG ORIGNAL BALANCE

$622,221

 

$360,000

 

$1,500,000

 

 

 

 

 

 

 

 

WAVG GROSS COUPON

5.30

%

4.13

%

6.50

%

WAVG GROSS MARGIN

2.60

%

2.25

%

3.13

%

WAVG MAX INT RATE

10.30

%

9.13

%

11.50

%

 

 

 

 

 

 

 

WAVG CURRENT LTV

66.81

%

8.86

%

95.00

%

 

 

 

 

 

 

 

WAVG FICO SCORE

743

 

625

 

817

 

 

 

 

 

 

 

 

WAVG MONTHS TO ROLL

67

months

45

months

120

months

 

 

 

 

 

 

 

WAVG ORIGINAL TERM

360

months

360

months

360

months

WAVG REMAINING TERM

360

months

345

months

360

months

WAVG SEASONING

0

months

0

months

15

months

 

 

 

 

 

 

 

TOP STATE CONC

CA(66.93%),NY(5.23%),WA(5.21%)

MAXIMUM CA ZIPCODE

0.97%

 

 

 

 

 

 

 

FIRST PAY DATE

 

 

May 1,2004

 

September 1,2005

 

 

 

 

 

 

 

 

RATE CHANGE DATE

 

 

April 1,2009

 

July 1,2015

 

 

 

 

 

 

 

 

MATURE DATE

 

 

April 1,2034

 

August 1,2035

 

 

WaMu Capital Corp.
A Washington Mutual, Inc. Company

 


PRODUCT

 

Number of Mortgage Loans

 

Principle Balance Outstanding as of the Cut-off Date

 

% of Aggregate Principle Balance Outstanding as of the Cut-off Date

10/1 I/O LIBOR

 

70

 

$43,297,914

 

5.90%

10/1 LIBOR

 

12

 

8,151,054

 

1.11

5/1 CMT

 

40

 

20,374,620

 

2.78

5/1 I/O CMT

 

765

 

492,895,042

 

67.22

5/1 I/O LIBOR

 

125

 

74,577,614

 

10.17

5/1 LIBOR

 

19

 

10,023,779

 

1.37

7/1 I/O LIBOR

 

109

 

61,827,888

 

8.43

7/1 LIBOR

 

41

 

22,094,078

 

3.01

Total

 

1,181

 

$733,241,989

 

100.00%

 

CURRENT BALANCE ($)

 

Number of Mortgage Loans

 

Principle Balance Outstanding as of the Cut-off Date

 

% of Aggregate Principle Balance Outstanding as of the Cut-off Date

200,001—   300,000

 

1

 

$246,232

 

0.03%

300,001—   400,000

 

125

 

48,232,848

 

6.58

400,001—   500,000

 

345

 

156,341,083

 

21.32

500,001—   600,000

 

262

 

145,146,937

 

19.80

600,001—   700,000

 

175

 

113,390,890

 

15.46

700,001—   800,000

 

67

 

50,677,642

 

6.91

800,001—   900,000

 

50

 

42,437,998

 

5.79

900,001— 1,000,000

 

71

 

69,546,667

 

9.48

1,000,001— 1,100,000

 

15

 

16,130,499

 

2.20

1,100,001— 1,200,000

 

25

 

29,346,972

 

4.00

1,200,001— 1,300,000

 

15

 

18,871,400

 

2.57

1,300,001— 1,400,000

 

13

 

17,589,750

 

2.40

1,400,001— 1,500,000

 

17

 

25,283,069

 

3.45

Total

 

1,181

 

$733,241,989

 

100.00%

 

GROSS COUPON (%)

 

Number of Mortgage Loans

 

Principle Balance Outstanding as of the Cut-off Date

 

% of Aggregate Principle Balance Outstanding as of the Cut-off Date

4.001—  4.250

 

6

 

$3,904,470

 

0.53%

4.251—  4.500

 

5

 

3,525,250

 

0.48

4.501—  4.750

 

17

 

11,193,900

 

1.53

4.751—  5.000

 

180

 

110,176,414

 

15.03

5.001—  5.250

 

407

 

258,187,387

 

35.21

5.251—  5.500

 

395

 

244,832,609

 

33.39

5.501—  5.750

 

114

 

69,563,545

 

9.49

5.751—  6.000

 

36

 

19,240,930

 

2.62

6.001 >=

 

21

 

12,617,483

 

1.72

Total

 

1,181

 

$733,241,989

 

100.00%

 

GROSS MARGIN (%)

 

Number of Mortgage Loans

 

Principle Balance Outstanding as of the Cut-off Date

 

% of Aggregate Principle Balance Outstanding as of the Cut-off Date

2.001—  2.250

 

378

 

$221,024,776

 

30.14%

2.251—  2.500

 

1

 

400,000

 

0.05

2.501—  2.750

 

797

 

507,343,714

 

69.19

2.751—  3.000

 

3

 

3,547,499

 

0.48

3.001—  3.250

 

2

 

926,000

 

0.13

Total

 

1,181

 

$733,241,989

 

100.00%

 

MAX INT RATE (%)

 

Number of Mortgage Loans

 

Principle Balance Outstanding as of the Cut-off Date

 

% of Aggregate Principle Balance Outstanding as of the Cut-off Date

9.001—  9.250

 

6

 

$3,904,470

 

0.53%

9.251—  9.500

 

5

 

3,525,250

 

0.48

9.501—  9.750

 

17

 

11,193,900

 

1.53

9.751— 10.000

 

175

 

107,568,182

 

14.67

10.001— 10.250

 

409

 

259,919,387

 

35.45

10.251— 10.500

 

393

 

242,881,609

 

33.12

10.501— 10.750

 

116

 

70,940,345

 

9.67

10.751— 11.000

 

38

 

19,956,363

 

2.72

11.001 >=

 

22

 

13,352,483

 

1.82

Total

 

1,181

 

$733,241,989

 

100.00%

  

FIRST RATE CAP (%)

 

Number of Mortgage Loans

 

Principle Balance Outstanding as of the Cut-off Date

 

% of Aggregate Principle Balance Outstanding as of the Cut-off Date

5

 

1,181

 

$733,241,989

 

100.00%

Total

 

1,181

 

$733,241,989

 

100.00%

 

PERIODIC RATE CAP (%)

 

Number of Mortgage Loans

 

Principle Balance Outstanding as of the Cut-off Date

 

% of Aggregate Principle Balance Outstanding as of the Cut-off Date

2

 

1,181

 

$733,241,989

 

100.00%

Total

 

1,181

 

$733,241,989

 

100.00%

 

ORIGINAL TERM (Months)

 

Number of Mortgage Loans

 

Principle Balance Outstanding as of the Cut-off Date

 

% of Aggregate Principle Balance Outstanding as of the Cut-off Date

360

 

1,181

 

$733,241,989

 

100.00%

Total

 

1,181

 

$733,241,989

 

100.00%

 

REMAINING TERM (Months)

 

Number of Mortgage Loans

 

Principle Balance Outstanding as of the Cut-off Date

 

% of Aggregate Principle Balance Outstanding as of the Cut-off Date

341—  350

 

3

 

$1,663,032

 

0.23%

351—  360

 

1,178

 

731,578,957

 

99.77

Total

 

1,181

 

$733,241,989

 

100.00%

 

SEASONING (Months)

 

Number of Mortgage Loans

 

Principle Balance Outstanding as of the Cut-off Date

 

% of Aggregate Principle Balance Outstanding as of the Cut-off Date

<=     0

 

942

 

$586,087,261

 

79.93%

1—    6

 

232

 

142,441,264

 

19.43

7—   12

 

6

 

3,713,464

 

0.51

13 >=

 

1

 

1,000,000

 

0.14

Total

 

1,181

 

$733,241,989

 

100.00%

 

NEXT RATE RESET (Months)

 

Number of Mortgage Loans

 

Principle Balance Outstanding as of the Cut-off Date

 

% of Aggregate Principle Balance Outstanding as of the Cut-off Date

45

 

1

 

$1,000,000

 

0.14%

48

 

2

 

663,032

 

0.09

52

 

1

 

650,000

 

0.09

53

 

2

 

1,409,750

 

0.19

54

 

2

 

2,422,369

 

0.33

55

 

9

 

6,698,089

 

0.91

56

 

6

 

3,415,958

 

0.47

57

 

12

 

7,594,048

 

1.04

58

 

14

 

6,610,661

 

0.90

59

 

57

 

37,702,782

 

5.14

60

 

842

 

529,288,367

 

72.18

61

 

1

 

416,000

 

0.06

76

 

1

 

990,682

 

0.14

78

 

1

 

645,996

 

0.09

80

 

2

 

866,832

 

0.12

81

 

3

 

1,733,381

 

0.24

82

 

2

 

876,481

 

0.12

83

 

53

 

29,625,700

 

4.04

84

 

88

 

49,182,894

 

6.71

116

 

7

 

4,635,323

 

0.63

117

 

16

 

10,492,605

 

1.43

118

 

35

 

21,070,765

 

2.87

119

 

13

 

8,050,274

 

1.10

120

 

11

 

7,200,000

 

0.98

Total

 

1,181

 

$733,241,989

 

100.00%

 

CURRENT LTV (%)

 

Number of Mortgage Loans

 

Principle Balance Outstanding as of the Cut-off Date

 

% of Aggregate Principle Balance Outstanding as of the Cut-off Date

<=    20

 

2

 

$1,347,083

 

0.18%

21—   25

 

6

 

5,125,000

 

0.70

26—   30

 

13

 

9,066,000

 

1.24

31—   35

 

16

 

8,777,250

 

1.20

36—   40

 

19

 

12,152,500

 

1.66

41—   45

 

29

 

17,979,003

 

2.45

46—   50

 

50

 

34,407,347

 

4.69

51—   55

 

67

 

43,140,688

 

5.88

56—   60

 

71

 

45,981,498

 

6.27

61—   65

 

110

 

79,504,660

 

10.84

66—   70

 

190

 

133,499,006

 

18.21

71—   75

 

254

 

154,200,067

 

21.03

76—   80

 

349

 

185,793,049

 

25.34

81—   85

 

2

 

859,530

 

0.12

86—   90

 

2

 

985,308

 

0.13

91—   95

 

1

 

424,000

 

0.06

Total

 

1,181

 

$733,241,989

 

100.00%

 

FICO SCORE

 

Number of Mortgage Loans

 

Principle Balance Outstanding as of the Cut-off Date

 

% of Aggregate Principle Balance Outstanding as of the Cut-off Date

620—  639

 

3

 

$1,399,500

 

0.19%

640—  659

 

10

 

5,302,486

 

0.72

660—  679

 

10

 

5,543,506

 

0.76

680—  699

 

120

 

80,205,102

 

10.94

700—  719

 

226

 

141,580,568

 

19.31

720—  739

 

160

 

99,036,743

 

13.51

740—  759

 

207

 

125,751,413

 

17.15

760—  779

 

229

 

140,489,335

 

19.16

780—  799

 

164

 

103,031,095

 

14.05

800 >=

 

52

 

30,902,242

 

4.21

Total

 

1,181

 

$733,241,989

 

100.00%

 

DOCUMENTATION

 

Number of Mortgage Loans

 

Principle Balance Outstanding as of the Cut-off Date

 

% of Aggregate Principle Balance Outstanding as of the Cut-off Date

Full Doc

 

405

 

$243,208,181

 

33.17%

Reduced Doc

 

776

 

490,033,808

 

66.83

Total

 

1,181

 

$733,241,989

 

100.00%

 

IO FLAG

 

Number of Mortgage Loans

 

Principle Balance Outstanding as of the Cut-off Date

 

% of Aggregate Principle Balance Outstanding as of the Cut-off Date

YES

 

1069

 

$672,598,458

 

91.73%

NO

 

112

 

60,643,531

 

8.27

Total

 

1,181

 

$733,241,989

 

100.00%

 

OCCUPANCY

 

Number of Mortgage Loans

 

Principle Balance Outstanding as of the Cut-off Date

 

% of Aggregate Principle Balance Outstanding as of the Cut-off Date

Investor

 

2

 

$1,103,800

 

0.15%

Owner Occupied

 

1,113

 

695,084,503

 

94.80

Second Home

 

66

 

37,053,686

 

5.05

Total

 

1,181

 

$733,241,989

 

100.00%

 

PROPERTY TYPE

 

Number of Mortgage Loans

 

Principle Balance Outstanding as of the Cut-off Date

 

% of Aggregate Principle Balance Outstanding as of the Cut-off Date

2-4 Family

 

2

 

$1,988,000

 

0.27%

Condo

 

121

 

69,532,377

 

9.48

Co-op

 

17

 

11,442,709

 

1.56

Single Family

 

1,037

 

648,278,653

 

88.41

Townhouse

 

4

 

2,000,250

 

0.27

Total

 

1,181

 

$733,241,989

 

100.00%

 

PURPOSE

 

Number of Mortgage Loans

 

Principle Balance Outstanding as of the Cut-off Date

 

% of Aggregate Principle Balance Outstanding as of the Cut-off Date

Purchase

 

475

 

$298,388,921

 

40.69%

Refi - Cash Out

 

432

 

260,873,994

 

35.58

Refi - No Cash Out

 

274

 

173,979,074

 

23.73

Total

 

1,181

 

$733,241,989

 

100.00%

 

 

INDEX

 

Number of Mortgage Loans

 

Principle Balance Outstanding as of the Cut-off Date

 

% of Aggregate Principle Balance Outstanding as of the Cut-off Date

1 Year CMT

 

805

 

$513,269,663

 

70.00%

1 Yr LIBOR

 

376

 

219,972,326

 

30.00

Total

 

1,181

 

$733,241,989

 

100.00%

 

PREPAY TERM (Months)

 

Number of Mortgage Loans

 

Principle Balance Outstanding as of the Cut-off Date

 

% of Aggregate Principle Balance Outstanding as of the Cut-off Date

0

 

1,162

 

$721,461,187

 

98.39%

12

 

7

 

5,670,550

 

0.77

36

 

12

 

6,110,252

 

0.83

Total

 

1,181

 

$733,241,989

 

100.00%

 

STATE

 

Number of Mortgage Loans

 

Principle Balance Outstanding as of the Cut-off Date

 

% of Aggregate Principle Balance Outstanding as of the Cut-off Date

AL

 

3

 

$2,283,492

 

0.31%

AZ

 

15

 

10,380,429

 

1.42

CA

 

790

 

490,725,100

 

66.93

CO

 

19

 

11,045,302

 

1.51

CT

 

41

 

26,948,518

 

3.68

DC

 

3

 

2,047,156

 

0.28

DE

 

1

 

519,920

 

0.07

FL

 

28

 

15,582,736

 

2.13

GA

 

7

 

4,261,002

 

0.58

ID

 

2

 

819,000

 

0.11

IL

 

23

 

14,716,458

 

2.01

IN

 

2

 

820,000

 

0.11

KY

 

1

 

430,000

 

0.06

MA

 

18

 

12,240,892

 

1.67

MD

 

7

 

3,491,530

 

0.48

MI

 

4

 

3,129,500

 

0.43

MN

 

4

 

2,439,000

 

0.33

MO

 

1

 

543,750

 

0.07

MT

 

1

 

535,100

 

0.07

NC

 

1

 

450,000

 

0.06

NE

 

2

 

999,141

 

0.14

NH

 

1

 

732,000

 

0.10

NJ

 

15

 

10,547,048

 

1.44

NV

 

11

 

6,107,191

 

0.83

NY

 

56

 

38,370,988

 

5.23

OH

 

2

 

2,344,000

 

0.32

OR

 

12

 

6,326,436

 

0.86

PA

 

5

 

3,976,259

 

0.54

RI

 

2

 

866,000

 

0.12

SC

 

5

 

3,423,033

 

0.47

TX

 

4

 

2,712,150

 

0.37

UT

 

2

 

1,450,000

 

0.20

VA

 

22

 

13,215,774

 

1.80

WA

 

70

 

38,215,584

 

5.21

WI

 

1

 

547,500

 

0.07

Total

 

1,181

 

$733,241,989

 

100.00%

 

 

WaMu Capital Corp.
A Washington Mutual, Inc. Company