EX-99 2 exhibit.htm EXHIBIT 99.1 Exhibit 99.1


GSR05AR5 - Price/Yield - 2A2

      
         

Balance

$248,634,000

Delay

24

     

Coupon

4.5

Dated

8/1/2005

     

Settle

8/26/2005

First Payment

9/25/2005

     
         

Price

10 CPB

15 CPB

20 CPB

25 CPB

30 CPB

35 CPB

40 CPB

 

98.7846

4.851

4.915

4.995

5.102

5.226

5.358

5.497

Yield

98.7846

24

34

47

63

82

100

117

Spread

98.8158

4.841

4.902

4.980

5.082

5.202

5.330

5.464

Yield

98.8158

22

33

45

61

80

97

114

Spread

98.8471

4.830

4.889

4.964

5.063

5.179

5.301

5.431

Yield

98.8471

21

31

43

60

77

94

111

Spread

98.8783

4.819

4.876

4.949

5.044

5.155

5.273

5.398

Yield

98.8783

20

30

42

58

75

92

107

Spread

98.9096

4.809

4.863

4.933

5.025

5.132

5.245

5.366

Yield

98.9096

19

29

40

56

73

89

104

Spread

98.9408

4.798

4.851

4.918

5.005

5.108

5.217

5.333

Yield

98.9408

18

27

39

54

70

86

101

Spread

98.9721

4.788

4.838

4.902

4.986

5.085

5.189

5.300

Yield

98.9721

17

26

37

52

68

83

98

Spread

99.0033

4.777

4.825

4.886

4.967

5.061

5.161

5.267

Yield

99.0033

16

25

36

50

66

80

94

Spread

99.0346

4.766

4.812

4.871

4.948

5.038

5.134

5.235

Yield

99.0346

15

24

34

48

63

78

91

Spread

99.0658

4.756

4.800

4.855

4.929

5.015

5.106

5.202

Yield

99.0658

14

22

33

46

61

75

88

Spread

99.0971

4.745

4.787

4.840

4.910

4.991

5.078

5.169

Yield

99.0971

13

21

31

44

59

72

85

Spread

99.1283

4.735

4.774

4.824

4.891

4.968

5.050

5.136

Yield

99.1283

12

20

30

42

56

69

81

Spread

99.1596

4.724

4.761

4.809

4.871

4.944

5.022

5.104

Yield

99.1596

11

19

28

40

54

66

78

Spread

99.1908

4.714

4.749

4.793

4.852

4.921

4.994

5.071

Yield

99.1908

10

17

26

38

52

64

75

Spread

99.2221

4.703

4.736

4.778

4.833

4.898

4.966

5.039

Yield

99.2221

9

16

25

37

49

61

71

Spread

99.2533

4.693

4.723

4.763

4.814

4.874

4.938

5.006

Yield

99.2533

8

15

23

35

47

58

68

Spread

99.2846

4.682

4.711

4.747

4.795

4.851

4.911

4.973

Yield

99.2846

7

13

22

33

45

55

65

Spread

         

WAL

3.34

2.75

2.23

1.79

1.45

1.20

1.02

 

Mod Durn

2.98

2.47

2.03

1.64

1.34

1.13

0.96

 

Principal Window

1 - 58

1 - 58

1 - 58

1 - 55

1 - 44

1 - 36

1 - 31

 

Optional Redemption

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

 
         


No securities are being offered by these summary materials. If the securities described herein or other securities are ultimately offered, they will be offered only pursuant to a definitive offering circular, and prospective investors who consider purchasing any such securities should make their investment decision based only upon the information provided therein and consultation with their own advisers.  This material is for your private information and we are not soliciting any action based upon it.  This  material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where  such an offer or solicitation would be illegal.  This material is based on information that we consider reliable, but we do not represent that it is accurate or complete and it should not be relied upon as such.  By accepting this material the recipient agrees that it will not distribute or provide the material to any other person.  The information contained in this material may not pertain to any securities that will actually be sold. The information contained in this material may be based on assumptions regarding market conditions and other matters as reflected therein.  We make no representations regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes.  We and our affiliates, officers, directors, partners and employees,  including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions  in, and buy or sell, the securities mentioned herein or derivatives thereof (including options). This material may be filed within the Securities and Exchange Commission (the "SEC") and incorporated by reference into an effective registration statement  previously filed with the SEC under Rule 415 of the Securities Act of 1933, including in cases where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.  Information contained in this material is current as of the date appearing on this material only.  Information in this material regarding the assets backing any securities discussed herein supersedes all prior information regarding such assets.  Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information included in the final prospectus for any securities actually sold to you.  Goldman Sachs does not provide accounting, tax or legal advice. Subject to applicable law, you may disclose any and all aspects of any potential transaction or structure described herein that are necessary to support any U.S. federal income tax benefits, without Goldman Sachs imposing any limitation of any kind.










GSR05AR5 - Price/Yield - 2A2

      
         

Balance

$248,634,000

Delay

24

     

Coupon

4.5

Dated

8/1/2005

     

Settle

8/26/2005

First Payment

9/25/2005

     
         

Price

10 CPB

15 CPB

20 CPB

25 CPB

30 CPB

35 CPB

40 CPB

 

98.7846

4.851

4.915

4.995

5.102

5.226

5.358

5.497

Yield

98.7846

24

34

47

63

82

100

117

Spread

98.8158

4.841

4.902

4.980

5.082

5.202

5.330

5.464

Yield

98.8158

22

33

45

61

80

97

114

Spread

98.8471

4.830

4.889

4.964

5.063

5.179

5.301

5.431

Yield

98.8471

21

31

43

60

77

94

111

Spread

98.8783

4.819

4.876

4.949

5.044

5.155

5.273

5.398

Yield

98.8783

20

30

42

58

75

92

107

Spread

98.9096

4.809

4.863

4.933

5.025

5.132

5.245

5.366

Yield

98.9096

19

29

40

56

73

89

104

Spread

98.9408

4.798

4.851

4.918

5.005

5.108

5.217

5.333

Yield

98.9408

18

27

39

54

70

86

101

Spread

98.9721

4.788

4.838

4.902

4.986

5.085

5.189

5.300

Yield

98.9721

17

26

37

52

68

83

98

Spread

99.0033

4.777

4.825

4.886

4.967

5.061

5.161

5.267

Yield

99.0033

16

25

36

50

66

80

94

Spread

99.0346

4.766

4.812

4.871

4.948

5.038

5.134

5.235

Yield

99.0346

15

24

34

48

63

78

91

Spread

99.0658

4.756

4.800

4.855

4.929

5.015

5.106

5.202

Yield

99.0658

14

22

33

46

61

75

88

Spread

99.0971

4.745

4.787

4.840

4.910

4.991

5.078

5.169

Yield

99.0971

13

21

31

44

59

72

85

Spread

99.1283

4.735

4.774

4.824

4.891

4.968

5.050

5.136

Yield

99.1283

12

20

30

42

56

69

81

Spread

99.1596

4.724

4.761

4.809

4.871

4.944

5.022

5.104

Yield

99.1596

11

19

28

40

54

66

78

Spread

99.1908

4.714

4.749

4.793

4.852

4.921

4.994

5.071

Yield

99.1908

10

17

26

38

52

64

75

Spread

99.2221

4.703

4.736

4.778

4.833

4.898

4.966

5.039

Yield

99.2221

9

16

25

37

49

61

71

Spread

99.2533

4.693

4.723

4.763

4.814

4.874

4.938

5.006

Yield

99.2533

8

15

23

35

47

58

68

Spread

99.2846

4.682

4.711

4.747

4.795

4.851

4.911

4.973

Yield

99.2846

7

13

22

33

45

55

65

Spread

         

WAL

3.34

2.75

2.23

1.79

1.45

1.20

1.02

 

Mod Durn

2.98

2.47

2.03

1.64

1.34

1.13

0.96

 

Principal Window

1 - 58

1 - 58

1 - 58

1 - 55

1 - 44

1 - 36

1 - 31

 

Optional Redemption

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

 
         
         


No securities are being offered by these summary materials. If the securities described herein or other securities are ultimately offered, they will be offered only pursuant to a definitive offering circular, and prospective investors who consider purchasing any such securities should make their investment decision based only upon the information provided therein and consultation with their own advisers.  This material is for your private information and we are not soliciting any action based upon it.  This  material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where  such an offer or solicitation would be illegal.  This material is based on information that we consider reliable, but we do not represent that it is accurate or complete and it should not be relied upon as such.  By accepting this material the recipient agrees that it will not distribute or provide the material to any other person.  The information contained in this material may not pertain to any securities that will actually be sold. The information contained in this material may be based on assumptions regarding market conditions and other matters as reflected therein.  We make no representations regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes.  We and our affiliates, officers, directors, partners and employees,  including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions  in, and buy or sell, the securities mentioned herein or derivatives thereof (including options). This material may be filed within the Securities and Exchange Commission (the "SEC") and incorporated by reference into an effective registration statement  previously filed with the SEC under Rule 415 of the Securities Act of 1933, including in cases where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.  Information contained in this material is current as of the date appearing on this material only.  Information in this material regarding the assets backing any securities discussed herein supersedes all prior information regarding such assets.  Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information included in the final prospectus for any securities actually sold to you.  Goldman Sachs does not provide accounting, tax or legal advice. Subject to applicable law, you may disclose any and all aspects of any potential transaction or structure described herein that are necessary to support any U.S. federal income tax benefits, without Goldman Sachs imposing any limitation of any kind.










GSR 05-AR5 - Price/Yield - 1A1

      
         

Balance

$145,171,000

Delay

24

     

Coupon

4.67487

Dated

8/1/2005

     

Settle

8/26/2005

First Payment

9/25/2005

     
         

Price

10 CPB

15 CPB

20 CPB

25 CPB

30 CPB

35 CPB

40 CPB

 

99.4585

4.865

4.872

4.879

4.887

4.896

4.906

4.918

Yield

99.4585

32

35

39

43

47

50

54

Spread

99.4898

4.850

4.855

4.860

4.867

4.875

4.883

4.893

Yield

99.4898

31

33

37

41

44

48

52

Spread

99.5210

4.834

4.837

4.842

4.847

4.854

4.861

4.869

Yield

99.5210

29

31

35

39

42

46

49

Spread

99.5523

4.818

4.820

4.824

4.828

4.833

4.838

4.844

Yield

99.5523

28

30

33

37

40

44

47

Spread

99.5835

4.802

4.803

4.805

4.808

4.811

4.815

4.819

Yield

99.5835

26

28

31

35

38

41

45

Spread

99.6148

4.786

4.786

4.787

4.789

4.790

4.792

4.795

Yield

99.6148

24

26

30

33

36

39

42

Spread

99.6460

4.770

4.769

4.769

4.769

4.769

4.770

4.770

Yield

99.6460

23

25

28

31

34

37

40

Spread

99.6773

4.754

4.752

4.751

4.749

4.748

4.747

4.746

Yield

99.6773

21

23

26

29

32

35

37

Spread

99.7085

4.738

4.735

4.732

4.730

4.727

4.724

4.721

Yield

99.7085

20

21

24

27

30

32

35

Spread

99.7398

4.722

4.718

4.714

4.710

4.706

4.702

4.697

Yield

99.7398

18

19

22

25

28

30

32

Spread

99.7710

4.706

4.701

4.696

4.691

4.685

4.679

4.672

Yield

99.7710

16

18

20

23

25

28

30

Spread

99.8023

4.690

4.684

4.678

4.671

4.664

4.656

4.648

Yield

99.8023

15

16

19

21

23

25

27

Spread

99.8335

4.674

4.667

4.660

4.652

4.643

4.634

4.623

Yield

99.8335

13

14

17

19

21

23

25

Spread

99.8648

4.658

4.650

4.641

4.632

4.622

4.611

4.599

Yield

99.8648

12

13

15

17

19

21

22

Spread

99.8960

4.642

4.633

4.623

4.613

4.601

4.589

4.575

Yield

99.8960

10

11

13

15

17

19

20

Spread

99.9273

4.626

4.616

4.605

4.593

4.580

4.566

4.550

Yield

99.9273

9

9

11

13

15

16

18

Spread

99.9585

4.611

4.599

4.587

4.574

4.559

4.543

4.526

Yield

99.9585

7

8

10

11

13

14

15

Spread

         

WAL

2.11

1.98

1.84

1.71

1.59

1.47

1.36

 

Mod Durn

1.96

1.83

1.71

1.60

1.49

1.38

1.27

 

Principal Window

1 - 32

1 - 32

1 - 32

1 - 32

1 - 32

1 - 32

1 - 32

 

Optional Redemption

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

 
         


No securities are being offered by these summary materials. If the securities described herein or other securities are ultimately offered, they will be offered only pursuant to a definitive offering circular, and prospective investors who consider purchasing any such securities should make their investment decision based only upon the information provided therein and consultation with their own advisers.  This material is for your private information and we are not soliciting any action based upon it.  This  material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where  such an offer or solicitation would be illegal.  This material is based on information that we consider reliable, but we do not represent that it is accurate or complete and it should not be relied upon as such.  By accepting this material the recipient agrees that it will not distribute or provide the material to any other person.  The information contained in this material may not pertain to any securities that will actually be sold. The information contained in this material may be based on assumptions regarding market conditions and other matters as reflected therein.  We make no representations regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes.  We and our affiliates, officers, directors, partners and employees,  including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions  in, and buy or sell, the securities mentioned herein or derivatives thereof (including options). This material may be filed within the Securities and Exchange Commission (the "SEC") and incorporated by reference into an effective registration statement  previously filed with the SEC under Rule 415 of the Securities Act of 1933, including in cases where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.  Information contained in this material is current as of the date appearing on this material only.  Information in this material regarding the assets backing any securities discussed herein supersedes all prior information regarding such assets.  Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information included in the final prospectus for any securities actually sold to you.  Goldman Sachs does not provide accounting, tax or legal advice. Subject to applicable law, you may disclose any and all aspects of any potential transaction or structure described herein that are necessary to support any U.S. federal income tax benefits, without Goldman Sachs imposing any limitation of any kind.










GSR 05-AR5 - Price/Yield - 2A1

      
         

Balance

$300,000,000

Delay

24

     

Coupon

5.20901

Dated

8/1/2005

     

Settle

8/26/2005

First Payment

9/25/2005

     
         

Price

10 CPB

15 CPB

20 CPB

25 CPB

30 CPB

35 CPB

40 CPB

 

99.6583

5.266

5.265

5.265

5.265

5.264

5.264

5.263

Yield

99.6583

60

62

65

68

71

74

80

Spread

99.6895

5.256

5.255

5.253

5.251

5.249

5.246

5.243

Yield

99.6895

59

61

63

67

69

72

78

Spread

99.7208

5.247

5.244

5.241

5.237

5.233

5.229

5.223

Yield

99.7208

58

60

62

65

68

71

76

Spread

99.7520

5.237

5.233

5.228

5.223

5.217

5.211

5.204

Yield

99.7520

57

59

61

64

66

69

74

Spread

99.7833

5.227

5.222

5.216

5.209

5.202

5.193

5.184

Yield

99.7833

56

58

60

63

65

67

72

Spread

99.8145

5.218

5.211

5.204

5.196

5.186

5.176

5.164

Yield

99.8145

55

57

59

61

63

65

70

Spread

99.8458

5.208

5.200

5.192

5.182

5.171

5.158

5.144

Yield

99.8458

54

56

57

60

62

64

68

Spread

99.8770

5.199

5.189

5.179

5.168

5.155

5.141

5.124

Yield

99.8770

53

55

56

58

60

62

66

Spread

99.9083

5.189

5.179

5.167

5.154

5.140

5.123

5.105

Yield

99.9083

52

54

55

57

59

60

64

Spread

99.9395

5.179

5.168

5.155

5.141

5.124

5.106

5.085

Yield

99.9395

51

52

54

56

57

58

62

Spread

99.9708

5.170

5.157

5.143

5.127

5.109

5.088

5.065

Yield

99.9708

51

51

52

54

55

57

60

Spread

100.0021

5.160

5.146

5.131

5.113

5.093

5.071

5.045

Yield

100.0021

50

50

51

53

54

55

58

Spread

100.0333

5.151

5.135

5.118

5.099

5.078

5.053

5.026

Yield

100.0333

49

49

50

52

52

53

56

Spread

100.0646

5.141

5.125

5.106

5.086

5.062

5.036

5.006

Yield

100.0646

48

48

49

50

51

51

54

Spread

100.0958

5.131

5.114

5.094

5.072

5.047

5.018

4.986

Yield

100.0958

47

47

48

49

49

50

52

Spread

100.1271

5.122

5.103

5.082

5.058

5.031

5.001

4.967

Yield

100.1271

46

46

46

47

48

48

50

Spread

100.1583

5.112

5.092

5.070

5.045

5.016

4.983

4.947

Yield

100.1583

45

45

45

46

46

46

48

Spread

         

WAL

3.71

3.27

2.88

2.54

2.24

1.97

1.73

 

Mod Durn

3.25

2.88

2.55

2.27

2.01

1.78

1.58

 

Principal Window

1 - 59

1 - 59

1 - 59

1 - 59

1 - 59

1 - 59

1 - 59

 

Optional Redemption

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

 
         


No securities are being offered by these summary materials. If the securities described herein or other securities are ultimately offered, they will be offered only pursuant to a definitive offering circular, and prospective investors who consider purchasing any such securities should make their investment decision based only upon the information provided therein and consultation with their own advisers.  This material is for your private information and we are not soliciting any action based upon it.  This  material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where  such an offer or solicitation would be illegal.  This material is based on information that we consider reliable, but we do not represent that it is accurate or complete and it should not be relied upon as such.  By accepting this material the recipient agrees that it will not distribute or provide the material to any other person.  The information contained in this material may not pertain to any securities that will actually be sold. The information contained in this material may be based on assumptions regarding market conditions and other matters as reflected therein.  We make no representations regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes.  We and our affiliates, officers, directors, partners and employees,  including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions  in, and buy or sell, the securities mentioned herein or derivatives thereof (including options). This material may be filed within the Securities and Exchange Commission (the "SEC") and incorporated by reference into an effective registration statement  previously filed with the SEC under Rule 415 of the Securities Act of 1933, including in cases where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.  Information contained in this material is current as of the date appearing on this material only.  Information in this material regarding the assets backing any securities discussed herein supersedes all prior information regarding such assets.  Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information included in the final prospectus for any securities actually sold to you.  Goldman Sachs does not provide accounting, tax or legal advice. Subject to applicable law, you may disclose any and all aspects of any potential transaction or structure described herein that are necessary to support any U.S. federal income tax benefits, without Goldman Sachs imposing any limitation of any kind.










GSR 05-AR5 - Price/Yield - 2A2

      
         

Balance

$248,634,000

Delay

24

     

Coupon

5.20901

Dated

8/1/2005

     

Settle

8/26/2005

First Payment

9/25/2005

     
         

Price

10 CPB

15 CPB

20 CPB

25 CPB

30 CPB

35 CPB

40 CPB

 

99.7440

5.236

5.230

5.221

5.211

5.198

5.185

5.171

Yield

99.7440

59

62

67

73

80

85

88

Spread

99.7753

5.226

5.217

5.206

5.191

5.175

5.157

5.139

Yield

99.7753

58

61

65

71

78

82

85

Spread

99.8065

5.215

5.204

5.190

5.172

5.151

5.129

5.106

Yield

99.8065

57

60

64

69

76

79

81

Spread

99.8378

5.204

5.191

5.175

5.153

5.128

5.102

5.074

Yield

99.8378

56

59

62

68

73

77

78

Spread

99.8690

5.194

5.178

5.159

5.134

5.105

5.074

5.041

Yield

99.8690

55

57

61

66

71

74

75

Spread

99.9003

5.183

5.166

5.144

5.115

5.082

5.046

5.009

Yield

99.9003

54

56

59

64

69

71

72

Spread

99.9315

5.172

5.153

5.128

5.096

5.058

5.019

4.976

Yield

99.9315

53

55

57

62

66

68

69

Spread

99.9628

5.162

5.140

5.113

5.077

5.035

4.991

4.944

Yield

99.9628

52

54

56

60

64

66

65

Spread

99.9940

5.151

5.127

5.097

5.058

5.012

4.963

4.912

Yield

99.9940

50

52

54

58

62

63

62

Spread

100.0253

5.141

5.115

5.082

5.039

4.989

4.936

4.879

Yield

100.0253

49

51

53

56

59

60

59

Spread

100.0565

5.130

5.102

5.066

5.020

4.965

4.908

4.847

Yield

100.0565

48

50

51

54

57

57

56

Spread

100.0878

5.119

5.089

5.051

5.001

4.942

4.880

4.815

Yield

100.0878

47

48

50

52

55

54

52

Spread

100.1190

5.109

5.077

5.035

4.982

4.919

4.853

4.783

Yield

100.1190

46

47

48

50

52

52

49

Spread

100.1503

5.098

5.064

5.020

4.963

4.896

4.825

4.750

Yield

100.1503

45

46

47

48

50

49

46

Spread

100.1815

5.088

5.051

5.005

4.944

4.873

4.798

4.718

Yield

100.1815

44

45

45

47

48

46

43

Spread

100.2128

5.077

5.038

4.989

4.925

4.850

4.770

4.686

Yield

100.2128

43

43

44

45

45

43

39

Spread

100.2440

5.067

5.026

4.974

4.906

4.827

4.742

4.654

Yield

100.2440

42

42

42

43

43

41

36

Spread

         

WAL

3.34

2.75

2.23

1.79

1.45

1.20

1.02

 

Mod Durn

2.94

2.44

2.01

1.63

1.34

1.13

0.96

 

Principal Window

1 - 58

1 - 58

1 - 58

1 - 55

1 - 44

1 - 36

1 - 31

 

Optional Redemption

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

 
         


No securities are being offered by these summary materials. If the securities described herein or other securities are ultimately offered, they will be offered only pursuant to a definitive offering circular, and prospective investors who consider purchasing any such securities should make their investment decision based only upon the information provided therein and consultation with their own advisers.  This material is for your private information and we are not soliciting any action based upon it.  This  material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where  such an offer or solicitation would be illegal.  This material is based on information that we consider reliable, but we do not represent that it is accurate or complete and it should not be relied upon as such.  By accepting this material the recipient agrees that it will not distribute or provide the material to any other person.  The information contained in this material may not pertain to any securities that will actually be sold. The information contained in this material may be based on assumptions regarding market conditions and other matters as reflected therein.  We make no representations regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes.  We and our affiliates, officers, directors, partners and employees,  including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions  in, and buy or sell, the securities mentioned herein or derivatives thereof (including options). This material may be filed within the Securities and Exchange Commission (the "SEC") and incorporated by reference into an effective registration statement  previously filed with the SEC under Rule 415 of the Securities Act of 1933, including in cases where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.  Information contained in this material is current as of the date appearing on this material only.  Information in this material regarding the assets backing any securities discussed herein supersedes all prior information regarding such assets.  Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information included in the final prospectus for any securities actually sold to you.  Goldman Sachs does not provide accounting, tax or legal advice. Subject to applicable law, you may disclose any and all aspects of any potential transaction or structure described herein that are necessary to support any U.S. federal income tax benefits, without Goldman Sachs imposing any limitation of any kind.










GSR 05-AR5 - Price/Yield - 2A3

      
          

Balance

$82,878,000

Delay

24

      

Coupon

5.20901

Dated

8/1/2005

      

Settle

8/26/2005

First Payment

9/25/2005

      
          

Price

10 CPB

15 CPB

20 CPB

25 CPB

30 CPB

35 CPB

40 CPB

  

99.5329

5.297

5.297

5.297

5.297

5.298

5.299

5.302

Yield

 

99.5329

58

58

58

58

59

61

63

Spread

 

99.5641

5.289

5.289

5.289

5.289

5.290

5.291

5.293

Yield

 

99.5641

57

57

57

57

58

60

62

Spread

 

99.5954

5.282

5.282

5.282

5.282

5.282

5.283

5.284

Yield

 

99.5954

56

56

56

57

57

59

61

Spread

 

99.6266

5.274

5.274

5.274

5.274

5.274

5.274

5.275

Yield

 

99.6266

56

56

56

56

57

58

60

Spread

 

99.6579

5.267

5.267

5.267

5.267

5.266

5.266

5.266

Yield

 

99.6579

55

55

55

55

56

58

59

Spread

 

99.6891

5.259

5.259

5.259

5.259

5.259

5.258

5.257

Yield

 

99.6891

54

54

54

54

55

57

58

Spread

 

99.7204

5.252

5.252

5.252

5.252

5.251

5.249

5.247

Yield

 

99.7204

53

53

53

54

54

56

58

Spread

 

99.7516

5.245

5.244

5.244

5.244

5.243

5.241

5.238

Yield

 

99.7516

53

53

53

53

54

55

57

Spread

 

99.7829

5.237

5.237

5.237

5.237

5.235

5.233

5.229

Yield

 

99.7829

52

52

52

52

53

54

56

Spread

 

99.8141

5.230

5.229

5.229

5.229

5.227

5.224

5.220

Yield

 

99.8141

51

51

51

51

52

53

55

Spread

 

99.8454

5.222

5.222

5.222

5.222

5.220

5.216

5.211

Yield

 

99.8454

50

50

50

50

51

52

54

Spread

 

99.8766

5.215

5.215

5.214

5.214

5.212

5.207

5.202

Yield

 

99.8766

50

50

50

50

50

52

53

Spread

 

99.9079

5.207

5.207

5.207

5.207

5.204

5.199

5.193

Yield

 

99.9079

49

49

49

49

50

51

52

Spread

 

99.9391

5.200

5.200

5.200

5.199

5.196

5.191

5.183

Yield

 

99.9391

48

48

48

48

49

50

51

Spread

 

99.9704

5.192

5.192

5.192

5.192

5.188

5.182

5.174

Yield

 

99.9704

47

47

47

47

48

49

50

Spread

 

100.0017

5.185

5.185

5.185

5.184

5.181

5.174

5.165

Yield

 

100.0017

47

47

47

47

47

48

49

Spread

 

100.0329

5.177

5.177

5.177

5.177

5.173

5.166

5.156

Yield

 

100.0329

46

46

46

46

47

47

48

Spread

 
          

WAL

4.84

4.84

4.84

4.81

4.62

4.27

3.88

  

Mod Durn

4.18

4.18

4.18

4.16

4.01

3.73

3.41

  

Principal Window

58 - 59

58 - 59

58 - 59

55 - 59

44 - 59

36 - 59

31 - 59

  

Optional Redemption

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

  
          


No securities are being offered by these summary materials. If the securities described herein or other securities are ultimately offered, they will be offered only pursuant to a definitive offering circular, and prospective investors who consider purchasing any such securities should make their investment decision based only upon the information provided therein and consultation with their own advisers.  This material is for your private information and we are not soliciting any action based upon it.  This  material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where  such an offer or solicitation would be illegal.  This material is based on information that we consider reliable, but we do not represent that it is accurate or complete and it should not be relied upon as such.  By accepting this material the recipient agrees that it will not distribute or provide the material to any other person.  The information contained in this material may not pertain to any securities that will actually be sold. The information contained in this material may be based on assumptions regarding market conditions and other matters as reflected therein.  We make no representations regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes.  We and our affiliates, officers, directors, partners and employees,  including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions  in, and buy or sell, the securities mentioned herein or derivatives thereof (including options). This material may be filed within the Securities and Exchange Commission (the "SEC") and incorporated by reference into an effective registration statement  previously filed with the SEC under Rule 415 of the Securities Act of 1933, including in cases where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.  Information contained in this material is current as of the date appearing on this material only.  Information in this material regarding the assets backing any securities discussed herein supersedes all prior information regarding such assets.  Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information included in the final prospectus for any securities actually sold to you.  Goldman Sachs does not provide accounting, tax or legal advice. Subject to applicable law, you may disclose any and all aspects of any potential transaction or structure described herein that are necessary to support any U.S. federal income tax benefits, without Goldman Sachs imposing any limitation of any kind.










GSR 05-AR5 - Price/Yield - 3A1

     
         

Balance

$112,206,000

Delay

24

     

Coupon

5.406

Dated

8/1/2005

     

Settle

8/26/2005

First Payment

9/25/2005

     
         

Price

10 CPB

15 CPB

20 CPB

25 CPB

30 CPB

35 CPB

40 CPB

 

99.8115

5.425

5.418

5.409

5.400

5.389

5.377

5.363

Yield

99.8115

71

74

76

78

81

83

87

Spread

99.8427

5.417

5.408

5.398

5.387

5.374

5.360

5.344

Yield

99.8427

70

73

75

77

80

82

86

Spread

99.8740

5.409

5.399

5.388

5.375

5.360

5.343

5.325

Yield

99.8740

70

72

74

75

78

80

84

Spread

99.9052

5.401

5.390

5.377

5.362

5.346

5.327

5.306

Yield

99.9052

69

71

73

74

77

78

82

Spread

99.9365

5.394

5.381

5.366

5.350

5.331

5.310

5.287

Yield

99.9365

68

70

72

73

75

77

80

Spread

99.9677

5.386

5.372

5.356

5.338

5.317

5.294

5.268

Yield

99.9677

67

69

71

72

74

75

78

Spread

99.9990

5.378

5.362

5.345

5.325

5.303

5.277

5.249

Yield

99.9990

66

68

70

70

72

73

76

Spread

100.0303

5.370

5.353

5.334

5.313

5.289

5.261

5.230

Yield

100.0303

66

67

68

69

71

72

74

Spread

100.0615

5.362

5.344

5.324

5.301

5.274

5.244

5.211

Yield

100.0615

65

67

67

68

70

70

72

Spread

100.0928

5.354

5.335

5.313

5.288

5.260

5.228

5.192

Yield

100.0928

64

66

66

67

68

69

70

Spread

100.1240

5.347

5.326

5.303

5.276

5.246

5.212

5.174

Yield

100.1240

63

65

65

66

67

67

68

Spread

100.1553

5.339

5.317

5.292

5.264

5.231

5.195

5.155

Yield

100.1553

63

64

64

64

65

65

67

Spread

100.1865

5.331

5.308

5.281

5.251

5.217

5.179

5.136

Yield

100.1865

62

63

63

63

64

64

65

Spread

100.2178

5.323

5.298

5.271

5.239

5.203

5.162

5.117

Yield

100.2178

61

62

62

62

62

62

63

Spread

100.2490

5.315

5.289

5.260

5.227

5.189

5.146

5.098

Yield

100.2490

60

61

61

61

61

60

61

Spread

100.2803

5.308

5.280

5.249

5.214

5.174

5.129

5.079

Yield

100.2803

59

60

60

59

60

59

59

Spread

100.3115

5.300

5.271

5.239

5.202

5.160

5.113

5.060

Yield

100.3115

59

59

59

58

58

57

57

Spread

         

WAL

4.75

4.01

3.41

2.90

2.48

2.13

1.83

 

Mod Durn

3.97

3.40

2.92

2.52

2.18

1.89

1.65

 

Principal Window

1 - 83

1 - 83

1 - 83

1 - 83

1 - 83

1 - 83

1 - 83

 

Optional Redemption

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

 
         


No securities are being offered by these summary materials. If the securities described herein or other securities are ultimately offered, they will be offered only pursuant to a definitive offering circular, and prospective investors who consider purchasing any such securities should make their investment decision based only upon the information provided therein and consultation with their own advisers.  This material is for your private information and we are not soliciting any action based upon it.  This  material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where  such an offer or solicitation would be illegal.  This material is based on information that we consider reliable, but we do not represent that it is accurate or complete and it should not be relied upon as such.  By accepting this material the recipient agrees that it will not distribute or provide the material to any other person.  The information contained in this material may not pertain to any securities that will actually be sold. The information contained in this material may be based on assumptions regarding market conditions and other matters as reflected therein.  We make no representations regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes.  We and our affiliates, officers, directors, partners and employees,  including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions  in, and buy or sell, the securities mentioned herein or derivatives thereof (including options). This material may be filed within the Securities and Exchange Commission (the "SEC") and incorporated by reference into an effective registration statement  previously filed with the SEC under Rule 415 of the Securities Act of 1933, including in cases where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.  Information contained in this material is current as of the date appearing on this material only.  Information in this material regarding the assets backing any securities discussed herein supersedes all prior information regarding such assets.  Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information included in the final prospectus for any securities actually sold to you.  Goldman Sachs does not provide accounting, tax or legal advice. Subject to applicable law, you may disclose any and all aspects of any potential transaction or structure described herein that are necessary to support any U.S. federal income tax benefits, without Goldman Sachs imposing any limitation of any kind.










GSR 05-AR5 - Price/Yield - 4A1

     
         

Balance

$167,418,000

Delay

24

     

Coupon

5.41522

Dated

8/1/2005

     

Settle

8/26/2005

First Payment

9/25/2005

     
         

Price

10 CPB

15 CPB

20 CPB

25 CPB

30 CPB

35 CPB

40 CPB

 

99.7031

5.464

5.461

5.457

5.453

5.449

5.444

5.439

Yield

99.7031

71

75

79

82

86

89

94

Spread

99.7344

5.457

5.453

5.448

5.442

5.435

5.428

5.420

Yield

99.7344

71

74

78

80

84

88

92

Spread

99.7656

5.451

5.445

5.438

5.430

5.421

5.412

5.401

Yield

99.7656

70

73

77

79

83

86

90

Spread

99.7969

5.444

5.437

5.428

5.418

5.408

5.395

5.382

Yield

99.7969

69

72

76

78

82

85

88

Spread

99.8281

5.437

5.428

5.418

5.407

5.394

5.379

5.364

Yield

99.8281

69

72

75

77

80

83

87

Spread

99.8594

5.431

5.420

5.408

5.395

5.380

5.363

5.345

Yield

99.8594

68

71

74

76

79

81

85

Spread

99.8906

5.424

5.412

5.399

5.383

5.366

5.347

5.326

Yield

99.8906

67

70

73

75

77

80

83

Spread

99.9219

5.417

5.404

5.389

5.372

5.352

5.331

5.307

Yield

99.9219

67

69

72

73

76

78

81

Spread

99.9531

5.411

5.396

5.379

5.360

5.339

5.315

5.289

Yield

99.9531

66

68

71

72

75

76

79

Spread

99.9844

5.404

5.388

5.369

5.348

5.325

5.299

5.270

Yield

99.9844

65

68

70

71

73

75

77

Spread

100.0156

5.397

5.380

5.360

5.337

5.311

5.283

5.252

Yield

100.0156

65

67

69

70

72

73

75

Spread

100.0469

5.391

5.372

5.350

5.325

5.297

5.267

5.233

Yield

100.0469

64

66

68

69

71

72

73

Spread

100.0781

5.384

5.364

5.340

5.314

5.284

5.251

5.214

Yield

100.0781

63

65

67

68

69

70

72

Spread

100.1094

5.378

5.355

5.330

5.302

5.270

5.235

5.196

Yield

100.1094

63

64

66

66

68

68

70

Spread

100.1406

5.371

5.347

5.321

5.290

5.256

5.218

5.177

Yield

100.1406

62

64

65

65

66

67

68

Spread

100.1719

5.364

5.339

5.311

5.279

5.243

5.202

5.158

Yield

100.1719

61

63

64

64

65

65

66

Spread

100.2031

5.358

5.331

5.301

5.267

5.229

5.186

5.140

Yield

100.2031

61

62

63

63

64

64

64

Spread

         

WAL

5.87

4.71

3.84

3.16

2.62

2.20

1.87

 

Mod Durn

4.68

3.84

3.19

2.68

2.27

1.93

1.67

 

Principal Window

1 - 119

1 - 119

1 - 119

1 - 119

1 - 119

1 - 119

1 - 119

 

Optional Redemption

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

Call (N)

 

No securities are being offered by these summary materials. If the securities described herein or other securities are ultimately offered, they will be offered only pursuant to a definitive offering circular, and prospective investors who consider purchasing any such securities should make their investment decision based only upon the information provided therein and consultation with their own advisers.  This material is for your private information and we are not soliciting any action based upon it.  This  material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where  such an offer or solicitation would be illegal.  This material is based on information that we consider reliable, but we do not represent that it is accurate or complete and it should not be relied upon as such.  By accepting this material the recipient agrees that it will not distribute or provide the material to any other person.  The information contained in this material may not pertain to any securities that will actually be sold. The information contained in this material may be based on assumptions regarding market conditions and other matters as reflected therein.  We make no representations regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes.  We and our affiliates, officers, directors, partners and employees,  including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions  in, and buy or sell, the securities mentioned herein or derivatives thereof (including options). This material may be filed within the Securities and Exchange Commission (the "SEC") and incorporated by reference into an effective registration statement  previously filed with the SEC under Rule 415 of the Securities Act of 1933, including in cases where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.  Information contained in this material is current as of the date appearing on this material only.  Information in this material regarding the assets backing any securities discussed herein supersedes all prior information regarding such assets.  Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information included in the final prospectus for any securities actually sold to you.  Goldman Sachs does not provide accounting, tax or legal advice. Subject to applicable law, you may disclose any and all aspects of any potential transaction or structure described herein that are necessary to support any U.S. federal income tax benefits, without Goldman Sachs imposing any limitation of any kind.












All information in this Term Sheet, whether regarding assets backing any securities discussed herein or otherwise, will be superseded by the information contained in the final prospectus.

[exhibit001.jpg]

Description of the Offered Certificates

Certificates

Group/

Product Type

Approximate Certificate Balance ($)(1)

 Expected Ratings (S&P / Fitch / DBRS)

Expected Credit Enhancement Percentage (%) (2)

Initial Coupon (%) (3)

Estimated Avg. Life (yrs) CPB (4)

Estimated Avg. Life (yrs) MAT(5)

Principal Payment Window CPB(4)

Principal Payment Window   MAT(5)

Pricing Speed

1A1

Group 1

3 Year Hybrids

145,171,000

AAA/AAA/AAA

4.70

4.6749

1.71

3.27

09/05-04/08

09/05-07/35

25 CPB

2A1

Group 2

5 Year Hybrids

300,000,000

AAA/AAA/AAA

4.70

5.2090

2.54

3.31

09/05-07/10

09/05-07/35

25 CPB

2A2

Group 2

5 Year Hybrids

248,634,000

AAA/AAA/AAA

4.70

5.2090

1.79

1.79

09/05-03/10

09/05-03/10

25 CPB

2A3

Group 2

5 Year Hybrids

82,878,000

AAA/AAA/AAA

4.70

5.2090

4.81

7.87

03/10-07/10

03/10-07/35

25 CPB

3A1

Group 3

7 year Hybrids

112,206,000

AAA/AAA/AAA

4.70

5.4060

2.90

3.32

09/05-07/12

09/05-07/35

25 CPB

4A1

Group 4

10 Year Hybrids

167,418,000

AAA/AAA/AAA

4.70

5.4152

3.16

3.33

09/05-07/15

09/05-07/35

25 CPB

B1

Groups

1,2,3,4

27,157,000

AA/NR/AA

2.25

5.1892

4.34

6.04

09/05-07/15

09/05-07/35

25 CPB

B2

Groups

1,2,3,4

8,313,000

A/NR/A

1.50

5.1892

4.34

6.04

09/05-07/15

09/05-07/35

25 CPB

B3

Groups

1,2,3,4

5,542,000

BBB/NR/BBB

1.00

5.1892

4.34

6.04

09/05-07/15

09/05-07/35

25 CPB

1.         The Certificate Sizes are based on projected August 1, 2005 balances of the Mortgage Loans, and are subject to a +/- 5% variance.

2.         The Credit Enhancement percentages are preliminary and subject to change and based upon the final Mortgage Loan pools as of the Cut-Off Date and rating agency analysis.

3.         For the Class 1A1, 2A1, 2A2, 2A3, 3A1 and 4A1 Certificates the pass-through rate will equal the weighted average of the net rates of the respective Group of Mortgage Loans.  For the Class B1, B2, and B3 Subordinate certificates, the Pass-Through Rate will equal the weighted average of the net rates of the Mortgage Loans.

4.         Average Life and Payment Windows are calculated based upon a prepayment speed of 25 CPR to the reset date (CPB). CPB implies that prepayment in full is individually applied to each hypothetical mortgage loan at its next reset date.

5.         Average Life and Payment Windows are calculated based upon the prepayment speed of 25 CPR to the maturity date.




















This material is for your private information and we are not soliciting any action based upon it.  This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal.  Neither the issuer of the certificates nor Goldman, Sachs & Co., nor any of their affiliates makes any representation as to the accuracy or completeness of the information herein.  By accepting this material the recipient agrees that it will not distribute or provide the material to any other person.  The information contained in this material may not pertain to any securities that will actually be sold.  The information contained in this material may be based on assumptions regarding market conditions and other matters as reflected therein.  We make no representations regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes.  We and our affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and buy or sell, the securities mentioned herein or derivatives thereof (including options).  This material may be filed with the Securities and Exchange Commission (the “SEC”) and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including in cases where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.  Information contained in this material is current as of the date appearing on this material only.  Information in this material regarding the securities and the assets backing any securities discussed herein supersedes all prior information regarding such securities and assets.  Any information in this material, whether regarding the assets backing any securities discussed herein or otherwise, is preliminary and will be superseded by the applicable prospectus supplement and any other information subsequently filed with the SEC.  The information contained herein will be superseded by the description of the mortgage pool contained in the prospectus supplement relating to the certificates and supersedes all information contained in any collateral term sheets relating to the mortgage pool previously provided by Goldman, Sachs & Co. In addition, we mutually agree that, subject to applicable law, you may disclose any and all aspects of any potential transaction or structure described herein that are necessary to support any U.S. federal income tax benefits, without Goldman Sachs imposing any limitation of any kind. Further information regarding this material may be obtained upon request.

This material is furnished to you solely by Goldman, Sachs & Co., acting as underwriter and not as agent of the issuer.













Collateral Description(1)(2)(3)

 

Group 1

3yr Hybrids

Group 2

5yr Hybrids

Group 3

7yr Hybrids

Group 4

10yr Hybrids

Total

Aggregate Principal Balance

$155,439,467

$676,180,894

$120,143,152

$179,260,292

$1,131,023,806

Average Loan Balance

$431,776

$505,367

$462,089

$466,824

$482,931

Number of Loans

360

1,338

260

384

2,342

Weighted Average Months to Roll

30

58

83

118

67

Weighted Average Age

6

2

1

2

2

Weighted Average Term to Maturity

354

358

359

358

358

Gross WAC

4.925%

5.460%

5.656%

5.665%

5.440%

Weighted Average Expense Rate before Reset

0.250%

0.251%

0.250%

0.250%

0.250%

Weighted Average Expense Rate after Reset

0.250%

0.253%

0.250%

0.250%

0.252%

Net WAC

4.675%

5.209%

5.406%

5.415%

5.189%

Initial Cap

2.491%

5.073%

5.039%

5.010%

4.704%

Periodic Cap

1.791%

1.967%

2.000%

2.000%

1.952%

Lifetime Cap

5.878%

5.135%

5.039%

5.010%

5.207%

Minimum Coupon

3.000%

4.000%

4.375%

4.625%

3.000%

Maximum Coupon

6.500%

6.875%

6.500%

6.750%

6.875%

Maximum Interest Rate

10.804%

10.595%

10.691%

10.675%

10.647%

Gross Margin

2.307%

2.256%

2.261%

2.664%

2.328%

Net Margin

2.057%

2.002%

2.011%

2.414%

2.076%

Six-Month LIBOR Indexed Percent

27.33%

15.55%

3.27%

0.96%

13.55%

One-Year LIBOR Indexed Percent

72.28%

83.19%

94.59%

16.57%

72.34%

One-Year CMT Indexed Percent

0.40%

1.26%

2.14%

82.47%

14.11%

FICO

729

738

743

744

738

Interest Only Percent

70.82%

82.37%

83.69%

78.45%

80.30%

Cash Out Refinance Percent

29.34%

7.62%

6.81%

14.04%

11.53%

California Percent

37.59%

52.08%

49.26%

51.23%

49.65%

Primary Residence Percent

98.95%

93.82%

92.83%

88.74%

93.61%

Single Family and PUD Percent

90.29%

89.79%

89.05%

82.55%

88.64%

Single Largest Zip Code Percent

1.28%

0.67%

1.95%

1.08%

0.49%

Largest Individual Loan Balance

$1,000,000

$2,496,926

$2,345,000

$1,120,000

$2,496,926

Original Loan-to-Value Ratio

72.43%

73.92%

73.82%

71.79%

73.36%

Current Loan-to-Value Ratio

72.06%

73.84%

73.72%

71.29%

73.18%

Maximum Maturity Date

8/1/2035

7/2/2035

7/1/2035

7/1/2035

8/1/2035

Minimum First Pay Date

7/1/2002

10/1/2003

4/1/2005

10/1/2004

7/1/2002

Maximum First Pay Date

9/1/2005

8/1/2005

8/1/2005

8/1/2005

9/1/2005


(1)        Using July 1, 2005 cut-off data.

(2)        Numbers may not add up to 100% due to rounding.

(3)        None of the mortgage interest rates are subject to a lifetime minimum interest rate. Therefore, the effective minimum interest rate for each Mortgage Loan will be its Gross Margin.






Time Table

Cut-Off Date:                                       August 1, 2005

Settlement Date:                                   August 26, 2005

Distribution Date:                                25th of each month or the next business day

First Distribution Date:                        September 26, 2005

Features of the Transaction

n     Offering consists of certificates totaling approximately $1,097,319,000 of which $1,056,307,000 are expected to be rated AAA/AAA/AAA by Fitch, S&P and DBRS.

n     The expected amount of credit support for the senior certificates will be 4.70% (+/- 0.50%).

n     All collateral consists of 3-Year, 5-Year, 7-Year, and 10-Year hybrid adjustable rate mortgage loans with 100% set to mature within 30 years of the date of origination, secured by first liens on one- to four-family residential properties and originated or acquired by Countrywide Home Loans, Inc., National City Mortgage Co., Lydian Private Bank (Virtual Bank), Wells Fargo Bank, N.A. or purchased through the Goldman Sachs Residential Mortgage Conduit.

Structure of the Certificates

Distributions on the Senior Certificates will generally be based on payments received or advanced on the mortgage loans in the related loan group.  Distributions on the subordinate certificates will be based on payments received or advanced on the mortgage loans in all four loan groups.  The subordinate certificates will be entitled to principal prepayments only subject to the conditions as described in the shifting interest section below. Credit support for the transaction is in the form of a senior/subordinated, shifting interest structure. The Class B1, Class B2, and Class B3 Certificates (the “Senior Subordinate Certificates”) and the Class B4, Class B5, and Class B6 Certificates (the “Junior Subordinate Certificates”, not offered hereby, and together with the Senior Subordinate Certificates, the “Subordinate Certificates”) will be subordinate in the right to receive payments of principal and interest with respect to the Senior Certificates and, therefore, provide credit enhancement for the Class 1A1 Certificates (the “Group 1 Senior Certificates”),the Class 2A1, Class 2A2 and Class 2A3 Certificates (the “Group 2 Senior Certificates”), the Class 3A1 Certificates (the “Group 3 Senior Certificates”), and the Class 4A1 Certificates (the “Group 4 Senior Certificates”).              

If on any distribution date there is a shortfall in the funds needed to make all payments to certificate-holders, the Senior Certificates will receive distributions of interest and principal before the Subordinate Certificates are entitled to receive distributions of interest and principal and the subordinate certificates will receive distributions in order of their numerical class designations.

Shifting Interest on the Offered Certificates

Unless the aggregate class principal balance of the Subordinate Certificates has reached a certain level relative to the Senior Certificates, and the delinquencies and losses on the mortgage loans, separately, do not exceed certain limits, the Senior Certificates will, in the aggregate, generally receive their pro rata share of all scheduled principal payments and 100% of all principal prepayments on the mortgage loans in the related collateral groups until the 7th anniversary of the closing date (i.e., the distribution date in August 2012).  Thereafter, the Senior Certificates will generally receive their share of scheduled principal payments and a disproportionately large but decreasing share of principal prepayments on the mortgage loans in the related collateral groups. This will result in a faster rate of return of principal to the Senior Certificates than would occur if those Senior Certificates and the Subordinate Certificates received all such payments pro rata, and increases the likelihood that holders of those Senior Certificates will be paid the full amount of principal to which they are entitled.  The prepayment percentages on the Subordinate Certificates are as follows:

Distribution Date

Percentage

September 2005 – August 2012

0%

September 2012 – August 2013

30%

September 2013 – August 2014

40%

September 2014 – August 2015

60%

September 2015 – August 2016

80%

September 2016 and after

100%


If before the Distribution Date in September 2008 the credit support to the Senior Certificates is greater than or equal to two times the original credit support percentage for the Senior Certificates, then the Subordinate Certificates would be entitled to 50% of their pro rata share of principal prepayments on the mortgage loans in the collateral groups subject to certain loss and delinquency criteria. If on or after the Distribution Date in September 2008 the credit support for the Senior Certificates is greater than or equal to two times the original credit support percentage, then the Subordinate Certificates would be entitled to 100% of their pro rata share of the principal prepayments.

Priority of Distributions for the Offered Certificates


1.      From amounts received in the related loan groups, payment of accrued and unpaid interest, pro rata, to the holders of the Senior Certificates;

2.      From amounts received in the related loan groups, payment of principal to the holders of the Senior Certificates in an amount equal to the related group’s senior principal distribution amount; For Group 2, approximately 47.50504% of the senior principal distribution amount will be paid, pro-rata, to the Class 2A1 Certificate and approximately 52.49496% of such amount will be paid, sequentially to the Class 2A2 and 2A3 Certificates, in that order.

3.      From the remaining amounts received on all of the mortgage loans, payment of interest and principal sequentially to the Subordinate Certificates in order of their numerical class designations, beginning with the Class B1 Certificates.

Allocation of Realized Losses

Losses on the mortgage loans realized during any calendar month will be allocated on each Distribution Date to reduce the Class Principal Balances of the Subordinate Certificates in reverse numerical order, in each case until the Class Principal Balance of each such class has been reduced to zero. If the Class Principal Balances of all of the Subordinate Certificates have been reduced to zero, further realized losses on the related mortgage loans would be allocated pro rata to the Senior Certificates related to the Loan Group in which such realized losses occurred based on their outstanding Class Principal Balances, in each case until the Class Principal Balance of such class of certificates has been reduced to zero.

Key Terms


Issuer:

GSR Mortgage Loan Trust 2005-AR5

Depositor:

GS Mortgage Securities Corp

Originators:

Countrywide Home Loans, Inc., National City Mortgage Co., Lydian Private Bank (Virtual Bank), Wells Fargo Bank, N.A. and various other originators whose collateral has been purchased through the Goldman Sachs Residential Mortgage Conduit.

Servicers:

Countrywide Home Loans, Inc., National City Mortgage Co., Wells Fargo Bank, N.A., Lydian Private Bank (Virtual Bank). 17.9% of the Mortgage Loans are currently sub-serviced by Countrywide Home Loans, Inc, on behalf of Goldman Sachs.

Master-Servicer:

Wells Fargo Bank, N.A.

Securities Administrator:

Wells Fargo Bank, N.A.

Trustee:

U.S. Bank, N.A.

Rating Agencies:

Fitch, S&P and Dominion Bond Rating Service.

Type of Issuance:

Public for all the Offered Certificates

Servicer Advancing:

To the extent requested by the rating agencies, the servicers are obligated to advance delinquent mortgagor payments through the date of liquidation of an REO property to the extent they are deemed recoverable.

Interest Accrual:

The interest accrual period is calculated on a 30/360 basis and for the Certificates is the calendar month preceding the month of each Distribution Date.

Mortgage Loan Index:

The Six Month-LIBOR will be calculated using the arithmetic mean of the London Interbank offered rate quotations for Six-Month U.S. dollar-denominated deposits as published in The Wall Street Journal. The One Year-LIBOR will be calculated using the arithmetic mean of the London Interbank offered rate quotations for One-Year U.S. dollar-denominated deposits as published in The Wall Street Journal. The One-Year CMT loan index will be determined based on the average weekly yield on U.S. Treasury securities during the last full week occurring in the month which occurs one month prior to the applicable interest rate reset date, as published in Federal Reserve Statistical Release H. 15(519), as applicable, and annually thereafter.

Group 1 Mortgage Loans:

The Group 1 Mortgage Loans consist of 27.3% Six-Month LIBOR, 72.3% One-Year LIBOR, and 0.4% One-Year CMT Indexed 3-Year Hybrid ARMS secured by one-to-four family residential properties. Approximately 70.8% of the Group 1 Mortgage Loans require only the payment of interest for a certain period of time after the origination date.  The mortgage interest rates adjust annually or semi-annually following the initial 3 year fixed rate period. The mortgage interest rates will be indexed to Six-Month LIBOR, One-Year LIBOR and One-Year CMT and will adjust to that index plus the Gross Margin. The Group 1 Mortgage Loans have a weighted average Periodic Interest Rate Cap of 2.491% for the first adjustment date and 1.791% for every adjustment date thereafter. The mortgage interest rates are subject to a weighed average lifetime maximum mortgage interest rate of 5.878% over the initial mortgage interest rate.

Group 2 Mortgage Loans:

The Group 2 Mortgage Loans consist of 15.6% Six-Month LIBOR, 83.2% One-Year LIBOR, and 1.3% One-Year CMT Indexed 5-Year Hybrid ARMS secured by one-to-four family residential properties. Approximately 82.4% of the Group 2 Mortgage Loans require only the payment of interest for a certain period of time after the origination date.  The mortgage interest rates adjust annually or semi-annually following the initial 5 year fixed rate period. The mortgage interest rates will be indexed to Six-Month LIBOR, One-Year LIBOR and One-Year CMT and will adjust to that index plus the Gross Margin. The Group 2 Mortgage Loans have a weighted average Periodic Interest Rate Cap of 5.073% for the first adjustment date and 1.967% for every adjustment date thereafter. The mortgage interest rates are subject to a weighted average lifetime maximum mortgage interest rates of 5.135% over the initial mortgage interest rate.

Group 3 Mortgage Loans:

The Group 3 Mortgage Loans consist of 3.3% Six-Month LIBOR, 94.6% One-Year LIBOR, and 2.1% One-Year CMT Indexed 7-Year Hybrid ARMS secured by one-to-four family residential properties. Approximately 83.7% of the Group 3 Mortgage Loans require only the payment of interest for a certain period of time after the origination date.  The mortgage interest rates adjust annually or semi-annually following the initial 7 year fixed rate period. The mortgage interest rates will be indexed to Six-Month LIBOR, One-Year LIBOR and One-Year CMT and will adjust to that index plus the Gross Margin. The Group 3 Mortgage Loans have a weighted average Periodic Interest Rate Cap of 5.039% for the first adjustment date and 2.000% for every adjustment date thereafter. The mortgage interest rates are subject to a weighted average lifetime maximum mortgage interest rate of 5.039% over the initial mortgage interest rate.

Group 4 Mortgage Loans:

The Group 4 Mortgage Loans consist of 1.0% Six-Month LIBOR, 16.6% One-Year LIBOR, and 82.5% One-Year CMT Indexed 10-Year Hybrid ARMS secured by one-to-four family residential properties. Approximately 78.5% of the Group 4 Mortgage Loans require only the payment of interest for a certain fixed period after the origination date. The mortgage interest rates adjust annually or semi-annually following the initial 10 year fixed rate period. The mortgage interest rates will be indexed to Six-Month LIBOR, One-Year LIBOR and One-Year CMT and will adjust to that index plus the Gross Margin. The Group 4 Mortgage Loans have a weighted average Periodic Interest Rate Cap of 5.010% for the first adjustment date and 2.000% for every adjustment date thereafter. The mortgage interest rates are subject to a weighted average lifetime maximum mortgage interest rate of 5.010% over the initial mortgage interest rate.

Expense Fee Rate:

The “Expense Fee Rate” is comprised of primary servicing fees.  The weighted average Expense Fee Rate before the reset date will be equal to approximately 0.250%.  2.07% of the Mortgage Loans in Group 2 will have their weighted average Expense Fee Rate increase by 0.125% after the first adjustment date.

Expected Subordination:

4.70% (+/- 0.50%) for the Senior Certificates.

Other Certificates:

The following Classes of “Other Certificates” will be issued in the indicated approximate original principal amounts, which will provide credit support to the related Offered Certificates, but are not offered hereby:


 

Certificate

Approximate Certificate Balance(1)

Initial Coupon(2)

 

B4

$4,987,000

5.1892%

 

B5

$3,879,000

5.1892%

 

B6

$2,218,230

5.1892%


 

1.        The Certificate Sizes are based on the projected August 1, 2005 balances of the Mortgage Loans, and are subject to a +/- 5% variance.

2.        For the Class B-4, B-5 and B-6 subordinate certificates the Pass-Through Rate will equal the weighted average pass through rates from the mortgage loans.

Clean Up Call:

10% of the Cut-off Date principal balance of the Mortgage Loans.

Tax Treatment:

It is anticipated that the Offered Certificates will be treated as REMIC regular interests for tax purposes.  The Class R Certificates will be treated as REMIC residual interests.

ERISA Eligibility:

The Offered Certificates are expected to be ERISA eligible. Prospective investors should review with their own legal advisors as to whether the purchase and holding of the Certificates could give rise to a transaction prohibited or not otherwise permissible under ERISA, the Code or other similar laws.

SMMEA Eligibility:

The Senior Certificates are expected to constitute “mortgage related securities” for purposes of SMMEA.

Minimum Denomination:

$25,000 for the Senior Certificates and $250,000 for the Subordinate Certificates.

Delivery:

Senior Certificates and the Senior Subordinate Certificates – DTC

This material is for your private information and we are not soliciting any action based upon it.  This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal.  Neither the issuer of the certificates nor Goldman, Sachs & Co., nor any of their affiliates makes any representation as to the accuracy or completeness of the information herein.  By accepting this material the recipient agrees that it will not distribute or provide the material to any other person.  The information contained in this material may not pertain to any securities that will actually be sold.  The information contained in this material may be based on assumptions regarding market conditions and other matters as reflected therein.  We make no representations regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes.  We and our affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and buy or sell, the securities mentioned herein or derivatives thereof (including options).  This material may be filed with the Securities and Exchange Commission (the “SEC”) and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including in cases where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement.  Information contained in this material is current as of the date appearing on this material only.  Information in this material regarding the securities and the assets backing any securities discussed herein supersedes all prior information regarding such securities and assets.  Any information in this material, whether regarding the assets backing any securities discussed herein or otherwise, is preliminary and will be superseded by the applicable prospectus supplement and any other information subsequently filed with the SEC.  The information contained herein will be superseded by the description of the mortgage pool contained in the prospectus supplement relating to the certificates and supersedes all information contained in any collateral term sheets relating to the mortgage pool previously provided by Goldman, Sachs & Co. In addition, we mutually agree that, subject to applicable law, you may disclose any and all aspects of any potential transaction or structure described herein that are necessary to support any U.S. federal income tax benefits, without Goldman Sachs imposing any limitation of any kind. Further information regarding this material may be obtained upon request.

This material is furnished to you solely by Goldman, Sachs & Co., acting as underwriter and not as agent of the issuer.










All information in this Term Sheet, whether regarding assets backing any securities discussed herein or otherwise, will be superseded by the information contained in the final prospectus.

[exhibit002.jpg]

Description of the Offered Certificates

    

Expected

      
    

Credit

  

Estimated

Principal

Principal

 
  

Approximate

Expected

Enhancement

Initial

Estimated

Avg. Life

Payment

Payment

 

Certificates

Group/ Product Type

Certificate Balance ($)(1)

Ratings (S&P / Fitch / DBRS)

Percentage (%)(2)

Coupon (%) (3)

Avg. Life (yrs) CPB (4)

(yrs) MAT(5)

Window CPB(4)

Window MAT(5)

Pricing Speed

1A1

Group 1

3 Year Hybrids

145,171,000

AAA/AAA/AAA

4.70

4.6749

1.71

3.27

09/05­04/08

09/05­07/35

25 CPB

2A1

Group 2

5 Year Hybrids

300,000,000

AAA/AAA/AAA

4.70

5.2090

2.54

3.31

09/05­07/10

09/05­07/35

25 CPB

2A2

Group 2

 5 Year Hybrids

248,634,000

AAA/AAA/AAA

4.70

5.2090

1.79

1.79

09/05­03/10

09/05­03/10

25 CPB

2A3

Group 2

 5 Year Hybrids

82,878,000

AAA/AAA/AAA

4.70

5.2090

4.81

7.87

03/10­07/10

03/10­07/35

25 CPB

3A1

Group 3

7 year Hybrids

112,206,000

AAA/AAA/AAA

4.70

5.4060

2.90

3.32

09/05­07/12

09/05­07/35

25 CPB

4A1

Group 4

10 Year Hybrids

167,418,000

AAA/AAA/AAA

4.70

5.4152

3.16

3.33

09/05­07/15

09/05­07/35

25 CPB

B1

Groups 1,2,3,4

27,157,000

AA/NR/AA

2.25

5.1892

4.34

6.04

09/05­07/15

09/05­07/35

25 CPB

B2

Groups 1,2,3,4

8,313,000

A/NR/A

1.50

5.1892

4.34

6.04

09/05­07/15

09/05­07/35

25 CPB

B3

Groups 1,2,3,4

5,542,000

BBB/NR/BBB

1.00

5.1892

4.34

6.04

09/05­07/15

09/05­07/35

25 CPB


1.                     The Certificate Sizes are based on projected August 1, 2005 balances of the Mortgage Loans, and are subject to a +/-5% variance.

2.                     The Credit Enhancement percentages are preliminary and subject to change and based upon the final Mortgage Loan pools as of the Cut-Off Date and rating agency analysis.

3.                     For the Class 1A1, 2A1, 2A2, 2A3, 3A1 and 4A1 Certificates the pass-through rate will equal the weighted average of the net rates of the respective Group of Mortgage Loans. For the Class B1, B2, and B3 Subordinate certificates, the Pass-Through Rate will equal the weighted average of the net rates of the Mortgage Loans.

4.                     Average Life and Payment Windows are calculated based upon a prepayment speed of 25 CPR to the reset date (CPB). CPB implies that prepayment in full is individually applied to each hypothetical mortgage loan at its next reset date.

5.                     Average Life and Payment Windows are calculated based upon the prepayment speed of 25 CPR to the maturity date.



Collateral Description(1)(2)(3)

 

Group 1

3yr Hybrids

Group 2

5yr Hybrids

Group 3

7yr Hybrids

Group 4

10yr Hybrids

Total

Aggregate Principal Balance

$155,439,467

$676,180,894

$120,143,152

$179,260,292

$1,131,023,806

Average Loan Balance

$431,776

$505,367

$462,089

$466,824

$482,931

Number of Loans

360

1,338

260

384

2,342

Weighted Average Months to Roll

30

58

83

118

67

Weighted Average Age

6

2

1

2

2

Weighted Average Term to Maturity

354

358

359

358

358

Gross WAC

4.925%

5.460%

5.656%

5.665%

5.440%

Weighted Average Expense Rate before Reset

0.250%

0.251%

0.250%

0.250%

0.250%

Weighted Average Expense Rate after Reset

0.250%

0.253%

0.250%

0.250%

0.252%

Net WAC

4.675%

5.209%

5.406%

5.415%

5.189%

Initial Cap

2.491%

5.073%

5.039%

5.010%

4.704%

Periodic Cap

1.791%

1.967%

2.000%

2.000%

1.952%

Lifetime Cap

5.878%

5.135%

5.039%

5.010%

5.207%

Minimum Coupon

3.000%

4.000%

4.375%

4.625%

3.000%

Maximum Coupon

6.500%

6.875%

6.500%

6.750%

6.875%

Maximum Interest Rate

10.804%

10.595%

10.691%

10.675%

10.647%

Gross Margin

2.307%

2.256%

2.261%

2.664%

2.328%

Net Margin

2.057%

2.002%

2.011%

2.414%

2.076%

Six-Month LIBOR Indexed Percent

27.33%

15.55%

3.27%

0.96%

13.55%

One-Year LIBOR Indexed Percent

72.28%

83.19%

94.59%

16.57%

72.34%

One-Year CMT Indexed Percent

0.40%

1.26%

2.14%

82.47%

14.11%

FICO

729

738

743

744

738

Interest Only Percent

70.82%

82.37%

83.69%

78.45%

80.30%

Cash Out Refinance Percent

29.34%

7.62%

6.81%

14.04%

11.53%

California Percent

37.59%

52.08%

49.26%

51.23%

49.65%

Primary Residence Percent

98.95%

93.82%

92.83%

88.74%

93.61%

Single Family and PUD Percent

90.29%

89.79%

89.05%

82.55%

88.64%

Single Largest Zip Code Percent

1.28%

0.67%

1.95%

1.08%

0.49%

Largest Individual Loan Balance

$1,000,000

$2,496,926

$2,345,000

$1,120,000

$2,496,926

Original Loan-to-Value Ratio

72.43%

73.92%

73.82%

71.79%

73.36%

Current Loan-to-Value Ratio

72.06%

73.84%

73.72%

71.29%

73.18%

Maximum Maturity Date

8/1/2035

7/2/2035

7/1/2035

7/1/2035

8/1/2035

Minimum First Pay Date

7/1/2002

10/1/2003

4/1/2005

10/1/2004

7/1/2002

Maximum First Pay Date

9/1/2005

8/1/2005

8/1/2005

8/1/2005

9/1/2005


(1)                    Using July 1, 2005 cut-off data.

(2)                    Numbers may not add up to 100% due to rounding.

(3)                    None of the mortgage interest rates are subject to a lifetime minimum interest rate. Therefore, the effective minimum interest rate for each Mortgage Loan will be its Gross Margin.


Time Table

Cut-Off Date:                              August 1, 2005

Settlement Date:                          August 26, 2005

Distribution Date:                       25th of each month or the next business day

First Distribution Date:               September 26, 2005


Features of the Transaction

·             Offering consists of certificates totaling approximately $1,097,319,000 of which $1,056,307,000 are expected to be rated AAA/AAA/AAA by Fitch, S&P and DBRS.

·             The expected amount of credit support for the senior certificates will be 4.70% (+/-0.50%).

·             All collateral consists of 3-Year, 5-Year, 7-Year, and 10-Year hybrid adjustable rate mortgage loans with 100% set to mature within 30 years of the date of origination, secured by first liens on one-to four-family residential properties and originated or acquired by Countrywide Home Loans, Inc., National City Mortgage Co., Lydian Private Bank (Virtual Bank), Wells Fargo Bank, N.A. or purchased through the Goldman Sachs Residential Mortgage Conduit.


Structure of the Certificates

Distributions on the Senior Certificates will generally be based on payments received or advanced on the mortgage loans in the related loan group. Distributions on the subordinate certificates will be based on payments received or advanced on the mortgage loans in all four loan groups. The subordinate certificates will be entitled to principal prepayments only subject to the conditions as described in the shifting interest section below. Credit support for the transaction is in the form of a senior/subordinated, shifting interest structure. The Class B1, Class B2, and Class B3 Certificates (the “Senior Subordinate Certificates”) and the Class B4, Class B5, and Class B6 Certificates (the “Junior Subordinate Certificates”, not offered hereby, and together with the Senior Subordinate Certificates, the “Subordinate Certificates”) will be subordinate in the right to receive payments of principal and interest with respect to the Senior Certificates and, therefore, provide credit enhancement for the Class 1A1 Certificates (the “Group 1 Senior Certificates”),the Class 2A1, Class 2A2 and Class 2A3 Certificates (the “Group 2 Senior Certificates”), the Class 3A1 Certificates (the “Group 3 Senior Certificates”), and the Class 4A1 Certificates (the “Group 4 Senior Certificates”).

If on any distribution date there is a shortfall in the funds needed to make all payments to certificate-holders, the Senior Certificates will receive distributions of interest and principal before the Subordinate Certificates are entitled to receive distributions of interest and principal and the subordinate certificates will receive distributions in order of their numerical class designations.

Shifting Interest on the Offered Certificates

Unless the aggregate class principal balance of the Subordinate Certificates has reached a certain level relative to the Senior Certificates, and the delinquencies and losses on the mortgage loans, separately, do not exceed certain limits, the Senior Certificates will, in the aggregate, generally receive their pro rata share of all scheduled principal payments and 100% of all principal prepayments on the mortgage loans in the related collateral groups until the 7th anniversary of the closing date (i.e., the distribution date in August 2012). Thereafter, the Senior Certificates will generally receive their share of scheduled principal payments and a disproportionately large but decreasing share of principal prepayments on the mortgage loans in the related collateral groups. This will result in a faster rate of return of principal to the Senior Certificates than would occur if those Senior Certificates and the Subordinate Certificates received all such payments pro rata, and increases the likelihood that holders of those Senior Certificates will be paid the full amount of principal to which they are entitled. The prepayment percentages on the Subordinate Certificates are as follows:

[exhibit003.jpg]

If before the Distribution Date in September 2008 the credit support to the Senior Certificates is greater than or equal to two times the original credit support percentage for the Senior Certificates, then the Subordinate Certificates would be entitled to 50% of their pro rata share of principal prepayments on the mortgage loans in the collateral groups subject to certain loss and delinquency criteria. If on or after the

Distribution Date in September 2008 the credit support for the Senior Certificates is greater than or equal to two times the original credit support percentage, then the Subordinate Certificates would be entitled to 100% of their pro rata share of the principal prepayments.

Priority of Distributions for the Offered Certificates

1.               From amounts received in the related loan groups, payment of accrued and unpaid interest, pro rata, to the holders of the Senior Certificates;

2.               From amounts received in the related loan groups, payment of principal to the holders of the Senior Certificates in an amount equal to the related group’s senior principal distribution amount; For Group 2, approximately 47.50504% of the senior principal distribution amount will be paid, pro-rata, to the Class 2A1 Certificate and approximately 52.49496% of such amount will be paid, sequentially to the Class 2A2 and 2A3 Certificates, in that order.

3.               From the remaining amounts received on all of the mortgage loans, payment of interest and principal sequentially to the Subordinate Certificates in order of their numerical class designations, beginning with the Class B1 Certificates.


Allocation of Realized Losses

Losses on the mortgage loans realized during any calendar month will be allocated on each Distribution Date to reduce the Class Principal Balances of the Subordinate Certificates in reverse numerical order, in each case until the Class Principal Balance of each such class has been reduced to zero. If the Class Principal Balances of all of the Subordinate Certificates have been reduced to zero, further realized losses on the related mortgage loans would be allocated pro rata to the Senior Certificates related to the Loan Group in which such realized losses occurred based on their outstanding Class Principal Balances, in each case until the Class Principal Balance of such class of certificates has been reduced to zero.

Key Terms

Issuer:

GSR Mortgage Loan Trust 2005-AR5

Depositor:

GS Mortgage Securities Corp

Originators:

Countrywide Home Loans, Inc., National City Mortgage Co., Lydian Private Bank (Virtual Bank), Wells Fargo Bank, N.A. and various other originators whose collateral has been purchased through the Goldman Sachs Residential Mortgage Conduit.

Servicers:

Countrywide Home Loans, Inc., National City Mortgage Co., Wells Fargo Bank, N.A., Lydian Private Bank (Virtual Bank). 17.9% of the Mortgage Loans are currently sub-serviced by Countrywide Home Loans, Inc, on behalf of Goldman Sachs.

Master-Servicer:

Wells Fargo Bank, N.A.

Securities Administrator:

Wells Fargo Bank, N.A.

Trustee:

U.S. Bank, N.A.

Rating Agencies:

Fitch, S&P and Dominion Bond Rating Service.

Type of Issuance:

Public for all the Offered Certificates

Servicer Advancing:

To the extent requested by the rating agencies, the servicers are obligated to advance delinquent mortgagor payments through the date of liquidation of an REO property to the extent they are deemed recoverable.

Interest Accrual:

The interest accrual period is calculated on a 30/360 basis and for the Certificates is the calendar month preceding the month of each Distribution Date.

Mortgage Loan Index:

The Six Month-LIBOR will be calculated using the arithmetic mean of the London Interbank offered rate quotations for Six-Month U.S. dollar-denominated deposits as published in The Wall Street Journal. The One Year-LIBOR will be calculated using the arithmetic mean of the London Interbank offered rate quotations for One-Year U.S. dollar-denominated deposits as published in The Wall Street Journal. The One-Year CMT loan index will be determined based on the average weekly yield on U.S. Treasury securities during the last full week occurring in the month which occurs one month prior to the applicable interest rate reset date, as published in Federal Reserve Statistical Release H. 15(519), as applicable, and annually thereafter.

Group 1 Mortgage Loans:

The Group 1 Mortgage Loans consist of 27.3% Six-Month LIBOR, 72.3% One-Year LIBOR, and 0.4% One-Year CMT Indexed 3-Year Hybrid ARMS secured by one-to-four family residential properties. Approximately 70.8% of the Group 1 Mortgage Loans require only the payment of interest for a certain period of time after the origination date. The mortgage interest rates adjust annually or semi-annually following the initial 3 year fixed rate period. The mortgage interest rates will be indexed to Six-Month LIBOR, One-Year LIBOR and One-Year CMT and will adjust to that index plus the Gross Margin. The Group 1 Mortgage Loans have a weighted average Periodic Interest Rate Cap of 2.491% for the first adjustment date and 1.791% for every adjustment date thereafter. The mortgage interest rates are subject to a weighed average lifetime maximum mortgage interest rate of 5.878% over the initial mortgage interest rate.

Group 2 Mortgage Loans:

The Group 2 Mortgage Loans consist of 15.6% Six-Month LIBOR, 83.2% One-Year LIBOR, and 1.3% One-Year CMT Indexed 5-Year Hybrid ARMS secured by one-to-four family residential properties. Approximately 82.4% of the Group 2 Mortgage Loans require only the payment of interest for a certain period of time after the origination date. The mortgage interest rates adjust annually or semi-annually following the initial 5 year fixed rate period. The mortgage interest rates will be indexed to Six-Month LIBOR, One-Year LIBOR and One-Year CMT and will adjust to that index plus the Gross Margin. The Group 2 Mortgage Loans have a weighted average Periodic Interest Rate Cap of 5.073% for the first adjustment date and 1.967% for every adjustment date thereafter. The mortgage interest rates are subject to a weighted average lifetime maximum mortgage interest rates of 5.135% over the initial mortgage interest rate.

Group 3 Mortgage Loans:

The Group 3 Mortgage Loans consist of 3.3% Six-Month LIBOR, 94.6% One-Year LIBOR, and 2.1% One-Year CMT Indexed 7-Year Hybrid ARMS secured by one-to-four family residential properties. Approximately 83.7% of the Group 3 Mortgage Loans require only the payment of interest for a certain period of time after the origination date. The mortgage interest rates adjust annually or semi-annually following the initial 7 year fixed rate period. The mortgage interest rates will be indexed to Six-Month LIBOR, One-Year LIBOR and One-Year CMT and will adjust to that index plus the Gross Margin. The Group 3 Mortgage Loans have a weighted average Periodic Interest Rate Cap of 5.039% for the first adjustment date and 2.000% for every adjustment date thereafter. The mortgage interest rates are subject to a weighted average lifetime maximum mortgage interest rate of 5.039% over the initial mortgage interest rate.

Group 4 Mortgage Loans:

The Group 4 Mortgage Loans consist of 1.0% Six-Month LIBOR, 16.6% One-Year LIBOR, and 82.5% One-Year CMT Indexed 10-Year Hybrid ARMS secured by one-to-four family residential properties. Approximately 78.5% of the Group 4 Mortgage Loans require only the payment of interest for a certain fixed period after the origination date. The mortgage interest rates adjust annually or semi-annually following the initial 10 year fixed rate period. The mortgage interest rates will be indexed to Six-Month LIBOR, One-Year LIBOR and One-Year CMT and will adjust to that index plus the Gross Margin. The Group 4 Mortgage Loans have a weighted average Periodic Interest Rate Cap of 5.010% for the first adjustment date and 2.000% for every adjustment date thereafter. The mortgage interest rates are subject to a weighted average lifetime maximum mortgage interest rate of 5.010% over the initial mortgage interest rate.

Expense Fee Rate:

The “Expense Fee Rate” is comprised of primary servicing fees. The weighted average Expense Fee Rate before the reset date will be equal to approximately 0.250%. 2.07% of the Mortgage Loans in Group 2 will have their weighted average Expense Fee Rate increase by 0.125% after the first adjustment date.

Expected Subordination:

4.70% (+/-0.50%) for the Senior Certificates.

Other Certificates:

The following Classes of “Other Certificates” will be issued in the indicated approximate original principal amounts, which will provide credit support to the related Offered Certificates, but are not offered hereby:


 

Certificate

Approximate Certificate Balance(1)

Initial Coupon(2)

 

B4

$4,987,000

5.1892%

 

B5

$3,879,000

5.1892%

 

B6

$2,218,230

5.1892%


1.     The Certificate Sizes are based on the projected August 1, 2005 balances of the Mortgage Loans, and are subject to a +/-5% variance.

2.     For the Class B-4, B-5 and B-6 subordinate certificates the Pass-Through Rate will equal the weighted average pass through rates from the mortgage loans.


Clean Up Call:

10% of the Cut-off Date principal balance of the Mortgage Loans.

Tax Treatment:

It is anticipated that the Offered Certificates will be treated as REMIC regular interests for tax purposes. The Class R Certificates will be treated as REMIC residual interests.

ERISA Eligibility:

The Offered Certificates are expected to be ERISA eligible. Prospective investors should review with their own legal advisors as to whether the purchase and holding of the Certificates could give rise to a transaction prohibited or not otherwise permissible under ERISA, the Code or other similar laws.

SMMEA Eligibility:

The Senior Certificates are expected to constitute “mortgage related securities” for purposes of SMMEA.

Minimum Denomination:

$25,000 for the Senior Certificates and $250,000 for the Subordinate Certificates.

Delivery:

Senior Certificates and the Senior Subordinate Certificates – DTC







                                                                                       GSR 2005-AR5

Goldman, Sachs & Co.                                                  Cut-off - July 1, 2005                                     All records

Stats

Count: 2,342

Current Balance: $1,131,023,806

Average Current Balance: $482,931

Gross Weighted Average Coupon: 5.440%

Net Weighted Average Coupon: 5.189%

Weighted Average Expense Rate: 0.250%

Weighted Average Expense Rate - after Reset:  0.252%

Original Term:  360

Remaining Term:  358

Age:  2

Original Loan-to-Value Ratio:  73.36%

Current Loan-to-Value Ratio:  73.18%

Margin:  2.328%

Net Margin:  2.076%

Non-Zero Initial Periodic Cap:  4.704%

Non-Zero Subsequent Periodic Cap:  1.952%

Lifetime Cap:  5.207%

Maximum Interest Rate:  10.647%

Months to Next Roll:  67

FICO Score:  738

Max Zip Code Percentage:  0.489%

Final Maturity: 2035-08-01


Product Type

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

10/1 ARM

 380

$177,538,512

 15.7%

 5.660

 5.410

 744

 71

  78.5

  25.5

  88.6

  16.7

  83.3

0.0

10/6 ARM

 4

  1,721,781

  0.2

 6.154

 5.904

 742

 80

  71.0

  51.1

 100.0

0.0

  0.0

 100.0

3/1 ARM

 234

112,964,839

 10.0

 4.958

 4.708

 730

 71

  66.1

  73.5

  98.6

  99.5

 0.5

0.0

3/6 ARM

 126

 42,474,628

  3.8

 4.838

 4.588

 726

 75

  83.5

  85.4

 100.0

0.0

 0.0

 100.0

5/1 ARM

 1,071

571,012,389

 50.5

 5.438

 5.187

 739

 74

  80.5

  50.5

  92.9

  98.5

 1.5

0.0

5/6 ARM

 267

105,168,505

  9.3

 5.580

 5.330

 734

 75

  92.5

  53.8

  98.6

0.0

 0.0

 100.0

7/1 ARM

 250

116,218,892

 10.3

 5.653

 5.403

 744

 74

  84.1

  41.0

  92.6

  97.8

 2.2

0.0

7/6 ARM

 10

  3,924,260

  0.3

 5.758

 5.508

 734

 70

  71.5

  49.1

 100.0

0.0

 0.0

 100.0

Total:

 2,342

  $1,131,023,806

100.0%

 5.440

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

 14.1

  13.6


Group

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Group 1 - 3yr Hybrids

360

$155,439,467

 13.7%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

0.4

  27.3

Group 2 - 5yr Hybrids

 1,338

676,180,894

 59.8

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

1.3

  15.6

Group 3 - 7yr Hybrids

260

120,143,152

 10.6

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

2.1

3.3

Group 4 - 10yr Hybrids

384

179,260,292

 15.8

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

  82.5

1.0

Total:

 2,342

 $1,131,023,806

100.0%

 5.440

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

 14.1

  13.6


Principal Balance

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Lower than $50,000.00

 2

 $56,556

  0.0%

 5.640

 5.390

 778

 19

0.0

  88.2

88.2

  88.2

  11.8

0.0

$50,000.01 to $200,000.00

 204

 29,381,514

  2.6

 5.575

 5.325

 735

 72

  80.2

  79.7

  95.7

  49.3

7.4

  43.3

$200,000.01 to $350,000.00

 266

 72,514,300

  6.4

 5.496

 5.246

 737

 73

  82.1

  70.0

95.0

  52.2

6.4

  41.4

$350,000.01 to $500,000.00

 1,001

425,901,816

 37.7

 5.468

 5.218

 738

 74

  80.1

  46.2

93.3

  72.8

  15.9

  11.3

$500,000.01 to $650,000.00

 535

307,350,369

 27.2

 5.436

 5.186

 737

 74

  79.1

  43.4

91.6

  72.9

  16.1

  11.0

$650,000.01 to $800,000.00

 156

111,720,619

  9.9

 5.408

 5.158

 740

 73

  80.4

  45.2

97.4

  73.5

  15.6

  11.0

$800,000.01 to $950,000.00

 88

 76,694,599

  6.8

 5.378

 5.128

 743

 73

  83.4

  47.7

95.4

  82.0

  12.3

5.6

$950,000.01 to $1,100,000.00

 62

 61,373,788

  5.4

 5.286

 5.036

 734

 68

  80.7

  48.6

100.0

  72.7

  12.8

  14.6

$1,100,000.01 to $1,250,000.00

 5

  5,856,432

  0.5

 5.251

 5.001

 733

 66

  79.7

  80.1

  80.9

  80.9

  19.1

0.0

$1,250,000.01 to $1,400,000.00

 3

  4,007,140

  0.4

 5.546

 5.296

 728

 72

  67.6

  66.8

 100.0

 100.0

0.0

0.0

$1,400,000.01 to $1,550,000.00

 6

  8,932,351

  0.8

 5.373

 5.123

 725

 66

  83.3

  83.2

  83.2

  83.5

0.0

  16.5

$1,550,000.01 to $1,700,000.00

 2

  3,174,500

  0.3

 5.807

 5.557

 725

 70

 100.0

 100.0

 100.0

  50.4

0.0

  49.6

$1,700,000.01 to $1,850,000.00

 4

  7,074,000

  0.6

 5.422

 5.172

 734

 64

 100.0

  75.8

  75.8

 100.0

0.0

0.0

$1,850,000.01 to $2,000,000.00

 5

  9,723,896

  0.9

 5.348

 5.098

 753

 64

  80.0

  80.3

  80.0

 100.0

0.0

0.0

$2,300,000.01 to $2,450,000.00

 2

  4,765,000

  0.4

 5.621

 5.371

 716

 70

 100.0

 100.0

 100.0

 100.0

0.0

0.0

$2,450,000.01 to $2,600,000.00

 1

  2,496,926

  0.2

 4.875

 4.625

 772

 50

0.0

 100.0

 100.0

 100.0

0.0

0.0

Total:

 2,342

  $1,131,023,806

100.0%

 5.440

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

 14.1

  13.6


Current Rate

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

3.000% to 3.249%

 1

$570,350

  0.1%

 3.000

 2.750

 738

 69

0.0

 100.0

 100.0

100.0

0.0

0.0

3.250% to 3.499%

 1

684,961

  0.1

 3.375

 3.125

 630

 70

0.0

 100.0

 100.0

  100.0

0.0

0.0

3.500% to 3.749%

 8

  4,187,035

  0.4

 3.582

 3.332

 725

 63

0.0

 100.0

 100.0

  100.0

0.0

0.0

3.750% to 3.999%

 9

  4,122,563

  0.4

 3.835

 3.585

 731

 72

  54.5

 100.0

 100.0

45.5

0.0

  54.5

4.000% to 4.249%

 20

  9,115,725

  0.8

 4.064

 3.814

 745

 69

  52.5

  83.5

 100.0

50.4

0.0

  49.6

4.250% to 4.499%

 30

 16,905,228

  1.5

 4.340

 4.090

 733

 68

  76.2

  83.0

 100.0

67.5

3.2

  29.3

4.500% to 4.749%

 67

 32,899,245

  2.9

 4.570

 4.320

 739

 69

  64.8

  68.9

  98.9

75.3

6.2

  18.6

4.750% to 4.999%

 170

 87,516,414

  7.7

 4.836

 4.586

 741

 71

  65.7

  69.8

  95.4

84.0

6.2

9.8

5.000% to 5.249%

 229

129,615,232

 11.5

 5.061

 4.810

 743

 70

  73.3

  59.7

  97.2

85.8

6.5

7.7

5.250% to 5.499%

 373

184,545,464

 16.3

 5.319

 5.069

 739

 74

  77.2

  46.1

  94.3

77.2

  11.4

  11.5

5.500% to 5.749%

 543

270,001,855

 23.9

 5.557

 5.307

 742

 74

  81.7

  45.2

  91.9

67.6

  17.5

  14.9

5.750% to 5.999%

 725

308,095,465

 27.2

 5.801

 5.550

 734

 75

  89.6

  41.6

  91.3

62.4

  21.0

  16.6

6.000% to 6.249%

 118

 55,640,677

  4.9

 6.045

 5.795

 734

 75

  92.3

  38.7

  92.8

77.8

  17.6

4.5

6.250% to 6.499%

 42

 22,158,719

  2.0

 6.279

 6.029

 728

 74

  90.7

  33.6

  94.8

98.0

2.0

0.0

6.500% to 6.749%

 4

  3,794,723

  0.3

 6.500

 6.250

 691

 71

  73.7

  85.7

 100.0

58.5

0.0

  41.5

6.750% to 6.999%

 2

  1,170,150

  0.1

 6.844

 6.594

 712

 80

100.0

0.0

 100.0

75.2

0.0

  24.8

Total:

 2,342

 $1,131,023,806

100.0%

 5.440

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

 14.1

  13.6


Original Term

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

180

 1

$550,051

  0.0%

 5.625

 5.375

 760

 79

0.0

 100.0

 100.0

 100.0

0.0

0.0

360

 2,341

  1,130,473,755

100.0

 5.439

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

14.1

  13.6

Total:

 2,342

$1,131,023,806

100.0%

 5.440

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

 14.1

  13.6


Age

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0

 356

$165,813,240

 14.7%

 5.547

 5.296

 740

 75

  85.2

  44.2

  94.3

  64.2

 3.8

  32.0

1

 793

417,782,440

 36.9

 5.516

 5.266

 741

 74

  86.8

  37.7

  91.9

  88.8

2.0

9.1

2

 704

322,155,008

 28.5

 5.596

 5.346

 739

 72

  81.6

  46.6

  91.8

  53.9

  40.8

5.3

3

 123

 44,541,974

  3.9

 5.426

 5.176

 725

 73

  73.0

  79.0

  94.9

  56.1

  24.3

  19.6

4

 46

 18,563,239

  1.6

 5.335

 5.085

 734

 75

  75.2

  82.1

 100.0

  55.8

1.1

  43.1

5

 164

 87,175,686

  7.7

 5.047

 4.797

 735

 71

  59.9

  77.3

 100.0

  95.7

0.8

3.6

6

 58

 27,344,155

  2.4

 4.952

 4.702

 731

 70

  66.5

  67.7

  98.2

  85.1

4.3

  10.6

7

 14

  8,918,364

  0.8

 4.608

 4.358

 748

 63

  64.2

  48.2

 100.0

  97.2

0.0

2.8

8

 4

  1,630,300

  0.1

 4.521

 4.271

 751

 73

100.0

 100.0

 100.0

0.0

0.0

 100.0

9

 4

  1,139,223

  0.1

 5.173

 4.923

 721

 79

  36.5

  69.0

 100.0

  63.5

0.0

  36.5

10

 10

  4,093,636

  0.4

 4.890

 4.640

 730

 80

100.0

 100.0

 100.0

  49.4

0.0

  50.6

11

 6

  2,290,508

  0.2

 4.557

 4.307

 728

 78

  48.0

 100.0

 100.0

0.0

0.0

 100.0

12

 15

  7,941,037

  0.7

 4.398

 4.148

 724

 66

  37.4

 100.0

 100.0

  49.0

0.0

  51.0

13

 27

 12,556,529

  1.1

 4.074

 3.824

 712

 68

  29.6

 100.0

 100.0

  54.9

0.0

  45.1

14

 8

  3,418,344

  0.3

 3.843

 3.593

 732

 68

  42.6

 100.0

 100.0

  57.4

0.0

  42.6

15

 4

  1,961,259

  0.2

 4.189

 3.939

 749

 72

  59.6

 100.0

 100.0

  40.4

0.0

  59.6

16

 3

  2,213,469

  0.2

 4.355

 4.105

 678

 67

100.0

 100.0

 100.0

0.0

0.0

 100.0

17

 1

647,567

  0.1

 4.125

 3.875

 752

 78

0.0

 100.0

 100.0

0.0

0.0

 100.0

22

 1

325,119

  0.0

 4.625

 4.375

 681

 43

0.0

0.0

 100.0

0.0

 100.0

0.0

37

 1

512,708

  0.0

 5.875

 5.625

 753

 76

0.0

 100.0

 100.0

0.0

0.0

 100.0

Total:

 2,342

  $1,131,023,806

100.0%

 5.440

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

 14.1

  13.6


Original Loan-To-Value Ratio

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0.001% to 20.000%

 7

  $2,195,108

  0.2%

 5.439

 5.189

 727

 17

  94.1

  65.8

  81.8

  49.7

  50.3

0.0

20.001% to 30.000%

 9

  3,273,080

  0.3

 5.385

 5.135

 736

 28

  98.5

  75.6

 100.0

 27.4

  49.1

  23.5

30.001% to 40.000%

 28

 12,017,298

  1.1

 5.248

 4.998

 754

 36

  61.1

  61.5

  97.1

 75.3

8.5

  16.1

40.001% to 50.000%

 76

 38,151,359

  3.4

 5.250

 5.000

 742

 46

  59.0

  50.4

  97.5

 75.1

  17.4

7.5

50.001% to 60.000%

 151

 77,068,071

  6.8

 5.358

 5.108

 737

 56

  71.5

  44.8

  95.2

 75.4

  17.7

6.8

60.001% to 70.000%

 323

189,935,022

 16.8

 5.353

 5.103

 734

 67

  75.3

  49.3

  95.1

 74.1

  15.4

  10.4

70.001% to 75.000%

 266

138,990,378

 12.3

 5.401

 5.151

 735

 73

  79.7

  56.4

  90.4

 75.6

  12.2

  12.2

75.001% to 80.000%

 1,440

655,929,841

 58.0

 5.497

 5.247

 740

 79

  84.4

  47.4

  93.4

 70.9

  13.3

  15.8

80.001% to 85.000%

 10

  3,030,886

  0.3

 5.345

 5.008

 693

 84

  61.2

  93.8

 100.0

 67.6

  20.9

  11.5

85.001% to 90.000%

 18

  6,378,304

  0.6

 5.395

 5.120

 720

 89

  77.4

  84.3

  84.9

 70.7

  15.4

  13.9

90.001% to 95.000%

 14

  4,054,457

  0.4

 5.597

 5.347

 729

 94

  88.1

  81.6

 100.0

 70.9

  12.8

  16.4

Total:

 2,342

$1,131,023,806

100.0%

 5.440

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

 14.1

  13.6


Current Loan-To-Value Ratio

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0.001% to 20.000%

 8

  $2,201,772

  0.2%

 5.440

 5.190

 727

 17

  93.8

  65.6

  81.5

  49.5

  50.5

0.0

20.001% to 30.000%

 15

  4,136,506

  0.4

 5.432

 5.182

 741

 27

  97.1

  65.9

 100.0

 30.3

  51.1

  18.6

30.001% to 40.000%

 28

 12,017,298

  1.1

 5.248

 4.998

 754

 36

  61.1

  61.5

  97.1

 75.3

8.5

  16.1

40.001% to 50.000%

 81

 40,645,861

  3.6

 5.221

 4.971

 741

 46

  58.1

  51.5

  97.7

 74.7

  18.3

7.0

50.001% to 60.000%

 152

 77,913,328

  6.9

 5.376

 5.126

 738

 56

  73.1

  42.9

  94.7

 74.3

  18.9

6.8

60.001% to 70.000%

 323

189,513,122

 16.8

 5.353

 5.103

 734

 67

  75.2

  49.4

  95.1

 74.0

  15.5

  10.5

70.001% to 75.000%

 268

140,531,588

 12.4

 5.401

 5.151

 734

 74

  78.8

  56.9

  90.7

 76.1

  11.7

  12.2

75.001% to 80.000%

 1,426

651,046,846

 57.6

 5.498

 5.248

 740

 80

  84.6

  47.5

  93.4

 70.9

  13.2

  15.9

80.001% to 85.000%

 9

  2,584,723

  0.2

 5.275

 4.924

 696

 84

  54.5

  92.7

 100.0

 79.2

7.3

  13.5

85.001% to 90.000%

 18

  6,378,304

  0.6

 5.395

 5.120

 720

 89

  77.4

  84.3

  84.9

 70.7

  15.4

  13.9

90.001% to 95.000%

 14

  4,054,457

  0.4

 5.597

 5.347

 729

 94

  88.1

  81.6

 100.0

 70.9

  12.8

  16.4

Total:

 2,342

 $1,131,023,806

100.0%

 5.440

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

 14.1

  13.6


FICO Score

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

620 to 639

 13

  $6,556,681

  0.6%

 5.148

 4.898

 634

 68

  32.1

  93.6

  92.2

  54.4

  39.9

5.7

640 to 679

 228

103,325,625

  9.1

 5.486

 5.232

 667

 71

  75.3

  79.1

  94.2

  53.6

  30.3

  16.1

680 to 699

 240

114,013,701

 10.1

 5.516

 5.266

 689

 74

  78.9

  75.4

  97.6

  73.2

5.7

  21.1

700 to 719

 322

159,264,900

 14.1

 5.478

 5.228

 709

 75

  84.4

  45.1

  95.5

  82.7

3.5

  13.7

720 to 759

 713

342,234,503

 30.3

 5.424

 5.174

 740

 74

  82.6

  41.3

  94.7

  76.2

  10.3

  13.5

760 to 799

 724

358,928,399

 31.7

 5.401

 5.151

 778

 73

  78.4

  42.9

  91.3

  72.4

  17.2

  10.5

800 to 819

 102

 46,699,996

  4.1

 5.468

 5.218

 807

 71

  84.7

  39.8

  86.2

  50.6

  35.4

  14.0

Total:

 2,342

  $1,131,023,806

100.0%

 5.440

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

 14.1

  13.6


States

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

AL

 3

  $1,491,550

 0.1%

 5.155

 4.905

 744

 63

 100.0

  22.9

 100.0

  43.6

 33.5

  22.9

AZ

 81

 29,833,326

  2.6

 5.587

 5.337

 736

 73

  94.2

  44.6

  92.9

  72.4

9.1

  18.5

CA

 1,032

561,581,090

 49.7

 5.485

 5.234

 738

 73

  84.6

  41.9

  96.5

  70.0

  14.5

  15.5

CO

 79

 37,119,627

  3.3

 5.458

 5.208

 745

 73

  75.6

  55.3

  92.9

  76.4

  12.3

  11.3

CT

 14

  7,751,845

  0.7

 5.447

 5.197

 748

 66

  64.7

  29.9

 100.0

  89.9

3.9

6.2

DC

 14

  6,342,390

  0.6

 5.214

 4.964

 733

 73

  80.2

  66.3

 100.0

  66.3

  33.7

0.0

DE

 1

446,544

  0.0

 5.875

 5.625

 788

 63

0.0

0.0

 100.0

0.0

 100.0

0.0

FL

 132

 59,594,709

  5.3

 5.382

 5.132

 742

 75

  87.7

  49.1

  74.7

  66.7

  12.9

  20.4

GA

 82

 29,837,867

  2.6

 5.241

 4.991

 742

 74

  86.4

  79.5

  97.8

  84.6

8.7

6.7

HI

 10

  7,569,107

  0.7

 5.581

 5.331

 748

 78

  66.5

  50.1

  41.3

 100.0

0.0

0.0

IA

 2

  1,355,736

  0.1

 4.934

 4.684

 724

 68

0.0

  26.3

 100.0

  73.7

  26.3

0.0

ID

 6

  3,093,014

  0.3

 5.550

 5.300

 750

 70

  84.5

  37.5

  87.6

 100.0

0.0

0.0

IL

 71

 33,647,663

  3.0

 5.300

 5.050

 738

 73

  58.8

  57.1

  93.9

  88.7

8.1

3.2

KY

 7

  2,605,765

  0.2

 5.164

 4.914

 704

 80

  86.5

 100.0

 100.0

  70.6

  13.5

  15.9

MA

 45

 20,818,900

  1.8

 5.372

 5.122

 739

 73

  55.3

  44.1

  95.3

  73.3

  20.7

6.1

MD

 99

 40,585,118

  3.6

 5.507

 5.257

 731

 74

  84.6

  60.5

  92.9

  76.1

  14.3

9.7

ME

 1

109,276

  0.0

 5.875

 5.625

 792

 64

0.0

0.0

 100.0

 100.0

0.0

0.0

MI

 31

 15,277,180

  1.4

 5.067

 4.817

 746

 67

  58.7

  87.6

  97.4

  83.3

5.0

  11.8

MN

 28

  9,479,134

  0.8

 5.425

 5.175

 720

 77

  53.1

  62.9

  95.2

  42.1

  38.9

  19.0

MO

 14

  6,020,100

  0.5

 5.202

 4.952

 716

 74

  43.3

  68.3

  91.5

  73.8

  19.1

7.1

MS

 2

358,220

  0.0

 5.750

 5.500

 757

 80

  48.0

 100.0

 100.0

  52.0

0.0

  48.0

MT

 3

774,540

  0.1

 5.271

 5.021

 735

 70

  54.1

  20.1

  45.9

  54.1

  45.9

0.0

NC

 32

 13,445,135

  1.2

 5.361

 5.111

 761

 76

  91.7

  65.9

  54.4

  68.5

  13.9

  17.7

NH

 1

420,000

  0.0

 5.250

 5.000

 685

 80

0.0

 100.0

 100.0

 100.0

0.0

0.0

NJ

 52

 24,922,144

  2.2

 5.479

 5.229

 734

 73

  76.6

  45.3

  80.1

  69.8

  20.7

9.5

NM

 2

952,000

  0.1

 5.875

 5.625

 776

 74

100.0

0.0

 100.0

 100.0

0.0

0.0

NV

 62

 29,750,622

  2.6

 5.470

 5.220

 737

 75

  78.6

  55.3

  88.6

  90.7

4.1

5.3

NY

 31

 16,122,886

  1.4

 5.703

 5.453

 739

 74

  68.0

  27.5

  93.6

  59.9

  40.1

0.0

OH

 21

  8,020,796

  0.7

 5.433

 5.183

 747

 76

  69.3

  73.1

 100.0

  71.8

  11.5

  16.7

OK

 3

899,483

  0.1

 5.563

 5.313

 750

 80

  52.2

  52.2

 100.0

  45.8

  47.8

6.4

OR

 22

  9,775,852

  0.9

 5.602

 5.352

 731

 74

  82.2

  36.9

  93.4

  90.0

5.1

5.0

PA

 23

  8,815,365

  0.8

 5.429

 5.179

 738

 78

  56.9

  47.0

  97.4

  40.3

  38.9

  20.8

RI

 2

645,482

  0.1

 5.419

 5.169

 732

 70

0.0

0.0

 100.0

  64.8

0.0

  35.2

SC

 15

  6,259,203

  0.6

 5.060

 4.810

 734

 67

  92.8

  46.7

  82.8

  71.5

  19.8

8.7

TN

 6

  2,062,180

  0.2

 5.135

 4.885

 724

 63

  91.5

  47.9

 100.0

  87.2

0.0

  12.8

TX

 38

 19,969,483

  1.8

 5.237

 4.987

 733

 70

  42.2

  67.1

  97.2

  89.3

6.5

4.2

UT

 11

  2,152,313

  0.2

 5.576

 5.326

 716

 76

  83.0

  56.5

 100.0

  57.5

0.0

  42.5

VA

 210

 86,883,535

  7.7

 5.332

 5.082

 740

 74

  86.4

  70.6

  98.4

  72.8

  11.2

  16.0

VT

 1

284,038

  0.0

 5.375

 5.125

 792

 79

0.0

 100.0

0.0

 100.0

0.0

0.0

WA

 44

 19,608,707

  1.7

 5.469

 5.219

 729

 73

  74.9

  42.5

 100.0

  64.5

  15.8

  19.7

WI

 7

  3,506,394

  0.3

 5.302

 5.052

 737

 71

  15.4

  51.6

 100.0

  37.1

  62.9

0.0

WV

 1

376,000

  0.0

 5.750

 5.500

 762

 80

100.0

 100.0

 100.0

0.0

0.0

 100.0

WY

 1

459,485

  0.0

 5.375

 5.125

 743

 65

0.0

0.0

 100.0

 100.0

0.0

0.0

Total:

 2,342

$1,131,023,806

100.0%

 5.440

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

 14.1

  13.6


Index

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

1 YR CMT

 316

$159,558,319

 14.1%

 5.599

 5.349

 744

 71

  74.1

  19.7

  87.9

0.0

 100.0

0.0

1 YR LIBOR

 1,619

818,176,313

 72.3

 5.419

 5.168

 738

 73

  79.9

  52.9

  93.7

 100.0

0.0

0.0

6 MO LIBOR

 407

153,289,173

 13.6

 5.385

 5.135

 732

 75

  89.2

  62.4

  99.1

0.0

0.0

 100.0

Total:

 2,342

 $1,131,023,806

100.0%

 5.440

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

 14.1

  13.6


Margin

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

2.000%

 44

 $12,371,328

  1.1%

 5.720

 5.470

 727

 76

  74.9

  42.0

  98.5

  73.4

  0.0

  26.6

2.250%

 1,914

928,631,997

 82.1

 5.440

 5.190

 738

 74

  82.6

  53.1

  94.3

  85.5

0.0

  14.5

2.375%

 4

723,586

  0.1

 5.356

 5.106

 722

 88

100.0

 100.0

 100.0

  0.0

0.0

 100.0

2.500%

 33

 15,243,949

  1.3

 4.445

 4.195

 732

 70

  69.3

 100.0

 100.0

3.1

0.0

  96.9

2.750%

 341

172,896,174

 15.3

 5.505

 5.253

 742

 71

  69.6

  25.8

  88.9

7.6

92.3

0.1

2.875%

 1

418,500

  0.0

 5.750

 5.110

 666

 90

0.0

 100.0

 100.0

 100.0

0.0

0.0

3.000%

 5

738,272

  0.1

 5.427

 5.177

 690

 80

0.0

 100.0

 100.0

 100.0

0.0

0.0

Total:

 2,342

  $1,131,023,806

100.0%

 5.440

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

 14.1

  13.6


Caps

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

2/1/6

 36

 $16,399,716

  1.4%

 4.372

 4.122

 733

 71

  72.8

 100.0

 100.0

0.0

 0.0

 100.0

2/2/5

 10

  2,656,668

  0.2

 5.430

 5.180

 748

 76

  88.6

  76.7

 100.0

 100.0

0.0

0.0

2/2/6

 213

106,375,216

  9.4

 4.977

 4.727

 731

 71

  68.0

  73.1

  98.5

  99.4

0.6

0.0

3/1/5

 41

 11,875,003

  1.0

 4.684

 4.434

 712

 76

  64.0

  77.1

 100.0

  26.8

0.0

  73.2

3/1/6

 1

332,400

  0.0

 5.375

 5.125

 679

 80

0.0

 100.0

 100.0

0.0

0.0

 100.0

3/2/6

 1

359,650

  0.0

 5.375

 5.125

 676

 79

100.0

0.0

 100.0

 100.0

0.0

0.0

4/1/5

 18

  3,901,393

  0.3

 5.226

 4.976

 728

 79

100.0

 100.0

 100.0

0.0

0.0

 100.0

5/1/5

 53

 22,269,210

  2.0

 5.592

 5.342

 729

 77

  97.6

  43.1

 100.0

0.0

0.0

 100.0

5/2/4.75

 1

998,798

  0.1

 5.000

 4.750

 708

 73

0.0

0.0

 100.0

 100.0

  0.0

0.0

5/2/5

 1,663

854,224,035

 75.5

 5.509

 5.259

 740

 73

  80.2

  44.1

  91.9

  80.7

  18.6

0.7

5/2/6

 1

121,920

  0.0

 5.750

 5.500

 734

 78

100.0

 100.0

 100.0

0.0

0.0

 100.0

6/1/6

 2

353,110

  0.0

 5.750

 5.500

 711

 79

100.0

 100.0

 100.0

0.0

0.0

 100.0

6/2/5.5

 1

  1,000,000

  0.1

 4.750

 4.500

 686

 61

100.0

 100.0

 100.0

0.0

 0.0

 100.0

6/2/6

 301

110,156,686

  9.7

 5.573

 5.323

 733

 75

  92.3

  56.5

  98.6

  14.4

0.0

  85.6

Total:

 2,342

$1,131,023,806

100.0%

 5.440

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

 14.1

  13.6


Max Rate

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

8.000% to 8.499%

 2

  $1,255,312

  0.1%

 3.205

 2.955

 679

 69

0.0

 100.0

 100.0

100.0

0.0

0.0

8.500% to 8.999%

 3

  1,112,409

  0.1

 3.693

 3.443

 706

 69

0.0

 100.0

 100.0

  100.0

0.0

0.0

9.000% to 9.499%

 10

  5,282,271

  0.5

 4.254

 4.004

 742

 76

  84.0

  62.0

 100.0

64.0

  10.3

  25.7

9.500% to 9.999%

 159

 83,404,765

  7.4

 4.708

 4.458

 743

 70

  59.6

  67.5

  95.2

83.5

8.2

8.3

10.000% to 10.499%

 534

283,216,520

 25.0

 5.143

 4.892

 741

 72

  74.0

  52.8

  95.2

 83.1

  10.4

6.5

10.500% to 10.999%

 1,073

519,951,547

 46.0

 5.606

 5.355

 739

 74

  83.6

  42.6

  91.0

 72.0

  21.6

6.4

11.000% to 11.499%

 257

121,452,483

 10.7

 5.738

 5.488

 733

 74

  86.7

  48.7

  95.3

 73.9

8.4

  17.7

11.500% to 11.999%

 290

108,718,410

  9.6

 5.706

 5.456

 729

 75

  91.5

  59.4

  98.0

 36.2

0.0

  63.8

12.000% to 12.499%

 12

  5,342,715

  0.5

 6.035

 5.785

 732

 76

  90.6

  43.9

 100.0

 53.0

0.0

  47.0

12.500% to 12.999%

 2

  1,287,373

  0.1

 6.556

 6.306

 688

 69

  22.5

  77.5

 100.0

 77.5

0.0

  22.5

Total:

 2,342

 $1,131,023,806

100.0%

 5.440

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

 14.1

  13.6


Months to Roll

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

7 to 36

 360

$155,439,467

 13.7%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

0.4

  27.3

37 to 60

 1,338

676,180,894

 59.8

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6

61 to 84

 260

120,143,152

 10.6

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3

85 to 120

 384

179,260,292

 15.8

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

  82.5

1.0

Total:

 2,342

  $1,131,023,806

100.0%

 5.440

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

 14.1

  13.6


Property Type

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

2-4 Family

 14

$7,592,519

0.7%

5.422

5.172

765

75

78.4

38.1

100.0

32.7

27.9

  39.4

Condominium

271

117,795,778

10.4

5.446

5.196

747

75

77.9

40.5

79.8

67.8

22.0

  10.2

Co-op

 5

2,166,785

0.2

5.681

5.431

735

81

56.5

0.0

100.0

0.0

100.0

0.0

Planned Unit Development

 642

309,479,181

27.4

5.376

5.126

738

75

83.9

56.4

96.4

86.1

0.5

  13.4

Single Family

 1,408

693,006,688

61.3

5.469

5.218

736

72

79.3

48.1

94.6

67.6

18.4

  14.0

Townhouse

 2

982,854

0.1

3.500

3.250

692

69

0.0

100.0

100.0

100.0

0.0

0.0

Total:

 2,342

$1,131,023,806

100.0%

5.440

5.189

738

73

80.3

49.5

93.6

72.3

14.1

  13.6


Occupancy Code

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Investment

 5

  $2,286,459

  0.2%

 5.618

 5.368

 673

 64

0.0

  81.9

0.0

0.0

 100.0

0.0

Primary Residence

 2,194

  1,058,789,559

 93.6

 5.430

 5.180

 737

 73

  80.2

  50.3

 100.0

72.4

  13.3

  14.3

Second Home

143

 69,947,788

  6.2

 5.579

 5.329

 753

 75

  84.4

  36.9

0.0

  73.6

  24.3

2.1

Total:

 2,342

$1,131,023,806

100.0%

 5.440

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

 14.1

  13.6


Purpose

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Cash Out Refinance

 308

$130,445,757

 11.5%

 5.350

 5.100

 721

 65

  77.2

  64.2

  99.6

  60.1

  14.0

  25.9

Purchase

 1,553

759,965,433

 67.2

 5.472

 5.222

 744

 76

  83.3

  42.1

  91.1

  69.6

 16.5

  13.9

Rate Term Refinance

 481

240,612,615

 21.3

 5.387

 5.135

 729

 68

  72.5

  64.8

  98.3

  87.6

6.6

5.8

Total:

 2,342

$1,131,023,806

100.0%

 5.440

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

 14.1

  13.6


Documentation Type

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Full Documentation

 1,215

$559,784,168

 49.5%

 5.336

 5.086

 729

 73

  75.7

 100.0

  95.1

  77.3

5.6

  17.1

No Documentation

 63

 28,710,289

  2.5

 5.619

 5.369

 762

 65

  77.3

0.0

  92.0

0.0

 100.0

0.0

Stated Documentation

 1,064

542,529,349

 48.0

 5.537

 5.287

 746

 74

  85.2

0.0

  92.2

  71.1

  18.3

  10.6

Total:

 2,342

  $1,131,023,806

100.0%

 5.440

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

 14.1

  13.6


Prepayment Penalty Terms

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0

 2,186

  $1,057,218,719

 93.5%

 5.435

 5.184

 738

 73

  79.8

  50.0

  93.8

  71.5

15.1

  13.4

6

 3

747,219

  0.1

 5.750

 5.500

 742

 78

 100.0

  17.9

 100.0

0.0

0.0

 100.0

12

 61

 31,842,075

  2.8

 5.562

 5.307

 743

 76

  94.7

  24.3

  93.5

  98.6

0.0

1.4

24

 1

227,245

  0.0

 5.375

 5.125

 683

 65

0.0

0.0

 100.0

 100.0

0.0

0.0

36

 70

 30,725,744

  2.7

 5.530

 5.280

 732

 72

  89.0

  48.6

  88.2

  67.8

0.0

  32.2

60

 21

 10,262,805

  0.9

 5.275

 5.025

 733

 73

  61.9

  81.6

  94.9

  95.8

0.0

4.2

Total:

 2,342

  $1,131,023,806

100.0%

 5.440

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

 14.1

  13.6


Interest Only

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

N

 467

$222,762,698

 19.7%

 5.223

 4.972

 736

 70

0.0

  61.0

  94.1

  74.0

18.6

7.4

Y

 1,875

908,261,108

 80.3

 5.493

 5.242

 739

 74

 100.0

  46.7

  93.5

  71.9

  13.0

  15.1

Total:

 2,342

$1,131,023,806

100.0%

 5.440

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

 14.1

  13.6


Interest Only Terms

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0

 467

$222,762,698

 19.7%

 5.223

 4.972

 736

 70

0.0

  61.0

  94.1

  74.0

18.6

7.4

36

 181

 90,288,825

  8.0

 4.984

 4.734

 729

 73

100.0

  76.0

  98.2

  79.0

0.7

  20.4

60

 887

471,948,030

 41.7

 5.483

 5.233

 739

 75

100.0

  46.3

  92.8

  95.4

0.7

3.9

84

 208

 96,533,258

  8.5

 5.683

 5.433

 743

 75

100.0

  38.7

  92.3

  97.8

1.9

0.2

120

 599

249,490,994

 22.1

 5.621

 5.371

 740

 73

100.0

  39.9

  93.5

  14.9

45.1

  40.0

Total:

 2,342

$1,131,023,806

100.0%

 5.440

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

 14.1

  13.6


Mortgage Insurance

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

CurrLTV <= 80

 2,301

  $1,118,006,321

 98.8%

 5.440

 5.190

 738

 73

  80.4

  49.1

  93.6

  72.3

  14.1

  13.5

CurrLTV > 80 and Insured

 41

 13,017,485

  1.2

 5.434

 5.152

 718

 90

  76.2

  85.1

 92.6

  72.4

  13.0

  14.6

Total:

 2,342

  $1,131,023,806

100.0%

 5.440

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

 14.1

  13.6


Servicer

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Countrywide

897

$494,202,185

 43.7%

 5.507

 5.256

 740

 74

  83.5

  40.8

  92.2

 100.0

0.0

0.0

Countrywide Sub-serviced

514

202,518,711

 17.9

 5.545

 5.295

 734

 75

  92.9

  54.7

  97.4

  31.5

4.4

  64.1

National City Mortgage

 557

248,140,521

 21.9

 5.278

 5.028

 737

 71

  73.0

  75.9

  96.3

  99.4

0.6

0.0

Virtual Bank

 79

 37,061,258

  3.3

 4.319

 4.069

 722

 70

  49.0

 100.0

 100.0

  36.5

0.0

  63.5

Wells Fargo

 295

149,101,130

 13.2

 5.621

 5.371

 743

 72

  72.7

  14.8

  87.1

0.0

 100.0

0.0

Total:

 2,342

$1,131,023,806

100.0%

 5.440

 5.189

 738

 73

  80.3

  49.5

  93.6

  72.3

 14.1

  13.6








Stats

Count:    360

Current Balance   : $155,439,467

Average Current Balance:     $431,776

Gross Weighted Average Coupon:    4.925%

Net Weighted Average Coupon:    4.675%

Weighted Average Expense Rate:    0.250%

Weighted Average Expense Rate  after Reset:    0.250%

Original Term:    360

Remaining Term:    354

Age:    6

Original Loan-to-Value Ratio:    72.43%

Current Loan-to-Value Ratio:    72.06%

Margin:    2.307%

Net Margin:   2.057%

Non-Zero Initial Periodic Cap:    2.491%

Non-Zero Subsequent Periodic Cap:    1.791%

Lifetime Cap:    5.878%

Maximum Interest Rate:   10.804%

Months to Next Roll:    30

FICO Score:    729

Max Zip Code Percentage:   1.282%

Final Maturity: 2035-08-01


Product Type

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

3/1 ARM

 234

$112,964,839

 72.7%

 4.958

 4.708

 730

 71

  66.1

  73.5

  98.6

  99.5

0.5

0.0

3/6 ARM

 126

 42,474,628

 27.3

 4.838

 4.588

 726

 75

  83.5

  85.4

 100.0

0.0

 0.0

 100.0

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3


Group

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Group 1 - 3yr Hybrids

360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

0.4

  27.3

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3


Principal Balance

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

$50,000.01 to $200,000.00

 40

  $5,715,127

  3.7%

 5.137

 4.887

 722

 74

  70.1

  82.8

100.0

  26.7

0.0

  73.3

$200,000.01 to $350,000.00

 77

 20,960,246

 13.5

 5.046

 4.796

 734

 75

  75.9

  76.4

  100.0

  29.8

0.0

  70.2

$350,000.01 to $500,000.00

 128

 53,059,877

 34.1

 4.995

 4.745

 727

 73

  73.4

  75.4

99.3

  82.6

0.0

  17.4

$500,000.01 to $650,000.00

 78

 45,037,328

 29.0

 4.912

 4.662

 735

 73

  66.9

  78.8

97.2

  80.1

1.4

  18.5

$650,000.01 to $800,000.00

 17

 12,402,932

  8.0

 4.553

 4.303

 729

 69

  53.3

  82.3

  100.0

  81.0

0.0

  19.0

$800,000.01 to $950,000.00

 12

 10,355,496

  6.7

 4.728

 4.478

 736

 66

  92.1

  66.6

  100.0

  84.1

0.0

  15.9

$950,000.01 to $1,100,000.00

 8

  7,908,460

  5.1

 4.891

 4.641

 687

 64

  62.4

  75.0

100.0

  74.7

0.0

  25.3

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3


Current Rate

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

3.000% to 3.249%

 1

$570,350

  0.4%

 3.000

 2.750

 738

 69

0.0

 100.0

 100.0

100.0

0.0

0.0

3.250% to 3.499%

 1

684,961

  0.4

 3.375

 3.125

 630

 70

0.0

 100.0

 100.0

  100.0

0.0

0.0

3.500% to 3.749%

 8

  4,187,035

  2.7

 3.582

 3.332

 725

 63

0.0

 100.0

 100.0

  100.0

0.0

0.0

3.750% to 3.999%

 9

  4,122,563

  2.7

 3.835

 3.585

 731

 72

  54.5

 100.0

 100.0

45.5

0.0

  54.5

4.000% to 4.249%

 18

  7,995,725

  5.1

 4.073

 3.823

 743

 68

  45.9

  95.2

 100.0

43.5

0.0

  56.5

4.250% to 4.499%

 25

 13,938,579

  9.0

 4.333

 4.083

 727

 65

  71.1

  85.8

 100.0

68.3

0.0

  31.7

4.500% to 4.749%

 45

 21,938,784

 14.1

 4.565

 4.315

 735

 71

  66.6

  70.8

 100.0

72.6

0.0

  27.4

4.750% to 4.999%

 62

 26,451,107

 17.0

 4.819

 4.569

 730

 72

  72.1

  85.1

  98.6

70.4

2.3

  27.3

5.000% to 5.249%

 44

 19,084,142

 12.3

 5.060

 4.810

 726

 73

  81.4

  79.3

 100.0

82.7

0.0

  17.3

5.250% to 5.499%

 65

 23,283,269

 15.0

 5.310

 5.060

 733

 76

  81.7

  65.5

  97.3

63.5

0.0

  36.5

5.500% to 5.749%

 47

 17,258,531

 11.1

 5.553

 5.303

 723

 76

  74.9

  67.1

  96.3

78.0

0.0

  22.0

5.750% to 5.999%

 30

 12,854,345

  8.3

 5.815

 5.565

 725

 73

  85.7

  66.2

 100.0

80.9

0.0

  19.1

6.000% to 6.249%

 2

949,052

  0.6

 6.125

 5.875

 766

 65

 100.0

0.0

 100.0

  100.0

0.0

0.0

6.250% to 6.499%

 2

  1,123,800

  0.7

 6.250

 6.000

 690

 75

 100.0

  54.5

 100.0

  100.0

0.0

0.0

6.500% to 6.749%

 1

997,223

  0.6

 6.500

 6.250

 685

 65

0.0

 100.0

 100.0

  100.0

0.0

0.0

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3


Original Term

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

360

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

0.4

  27.3

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3


Age

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0

 9

  $2,277,430

  1.5%

 5.428

 5.178

 718

 79

  41.4

  54.4

 100.0

  55.1

 0.0

  44.9

1

 13

  3,865,417

  2.5

 5.317

 5.067

 742

 76

  61.4

  34.3

 100.0

  40.4

0.0

  59.6

2

 101

 46,384,394

 29.8

 5.337

 5.087

 735

 74

  86.2

  72.1

  96.5

  91.2

1.3

7.4

3

 39

 12,685,047

  8.2

 5.295

 5.045

 732

 73

  79.1

  88.3

 100.0

  63.4

0.0

  36.6

4

 15

  4,305,620

  2.8

 5.044

 4.794

 716

 80

  95.9

  73.0

 100.0

0.0

0.0

 100.0

5

 62

 29,131,594

 18.7

 4.935

 4.685

 724

 70

  67.8

  65.6

 100.0

  93.2

0.0

6.8

6

 33

 15,001,730

  9.7

 4.832

 4.582

 725

 72

  88.0

  73.6

 100.0

  81.2

0.0

  18.8

7

 11

  6,142,864

  4.0

 4.512

 4.262

 753

 62

  48.1

  51.1

 100.0

  96.0

0.0

4.0

8

 4

  1,630,300

  1.0

 4.521

 4.271

 751

 73

 100.0

 100.0

 100.0

0.0

0.0

 100.0

9

 1

275,000

  0.2

 4.875

 4.625

 644

 77

 100.0

 100.0

 100.0

0.0

0.0

 100.0

10

 8

  2,483,636

  1.6

 4.687

 4.437

 745

 81

 100.0

 100.0

 100.0

  16.7

0.0

  83.3

11

 6

  2,290,508

  1.5

 4.557

 4.307

 728

 78

  48.0

 100.0

 100.0

0.0

0.0

 100.0

12

 15

  7,941,037

  5.1

 4.398

 4.148

 724

 66

  37.4

 100.0

 100.0

  49.0

0.0

  51.0

13

 27

 12,556,529

  8.1

 4.074

 3.824

 712

 68

  29.6

 100.0

 100.0

  54.9

0.0

  45.1

14

 7

  3,133,358

  2.0

 3.760

 3.510

 738

 65

  37.4

 100.0

 100.0

  62.6

0.0

  37.4

15

 4

  1,961,259

  1.3

 4.189

 3.939

 749

 72

  59.6

 100.0

 100.0

  40.4

0.0

  59.6

16

 3

  2,213,469

  1.4

 4.355

 4.105

 678

 67

 100.0

 100.0

 100.0

0.0

0.0

 100.0

17

 1

647,567

  0.4

 4.125

 3.875

 752

 78

0.0

 100.0

 100.0

0.0

0.0

 100.0

37

 1

512,708

  0.3

 5.875

 5.625

 753

 76

0.0

 100.0

 100.0

0.0

0.0

 100.0

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3


Original Loan-To-Value Ratio

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0.001% to 20.000%

 1

$130,001

  0.1%

 4.750

 4.500

 730

 14

0.0

 100.0

 100.0

 100.0

0.0

0.0

20.001% to 30.000%

 1

770,000

  0.5

 4.375

 4.125

 674

 29

 100.0

 100.0

 100.0

  0.0

0.0

 100.0

30.001% to 40.000%

 4

  1,641,285

  1.1

 4.482

 4.232

 792

 36

  65.7

 100.0

 100.0

 90.9

0.0

9.1

40.001% to 50.000%

 8

  3,712,653

  2.4

 4.766

 4.516

 744

 46

  66.2

  89.8

 100.0

 76.4

0.0

  23.6

50.001% to 60.000%

 29

 12,810,970

  8.2

 4.882

 4.632

 732

 55

  43.7

  64.4

 100.0

 93.9

0.0

6.1

60.001% to 70.000%

 63

 34,431,143

 22.2

 4.757

 4.507

 721

 66

  66.0

  62.8

 100.0

 84.1

0.0

  15.9

70.001% to 75.000%

 46

 24,357,660

 15.7

 4.790

 4.540

 734

 73

  60.9

  77.8

  97.5

 76.2

0.0

  23.8

75.001% to 80.000%

 199

 75,096,636

 48.3

 5.076

 4.826

 729

 79

  80.5

  82.7

  98.7

 62.4

0.8

  36.8

80.001% to 85.000%

 1

214,600

  0.1

 4.375

 4.125

 713

 82

 100.0

 100.0

 100.0

  0.0

0.0

 100.0

85.001% to 90.000%

 4

  1,330,249

  0.9

 4.948

 4.698

 725

 89

 100.0

 100.0

 100.0

 61.1

0.0

  38.9

90.001% to 95.000%

 4

944,269

  0.6

 5.046

 4.796

 715

 95

  65.3

 100.0

 100.0

 74.8

0.0

  25.2

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3


Current Loan-To-Value Ratio

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0.001% to 20.000%

 1

$130,001

  0.1%

 4.750

 4.500

 730

 14

0.0

 100.0

 100.0

 100.0

0.0

0.0

20.001% to 30.000%

 2

838,960

  0.5

 4.416

 4.166

 675

 28

  91.8

 100.0

 100.0

  8.2

0.0

  91.8

30.001% to 40.000%

 4

  1,641,285

  1.1

 4.482

 4.232

 792

 36

  65.7

 100.0

 100.0

 90.9

0.0

9.1

40.001% to 50.000%

 11

  5,406,256

  3.5

 4.628

 4.378

 738

 47

  51.0

  93.0

 100.0

 83.8

0.0

  16.2

50.001% to 60.000%

 27

 11,760,301

  7.6

 4.934

 4.684

 736

 55

  47.6

  61.2

 100.0

 93.3

0.0

6.7

60.001% to 70.000%

 63

 34,549,994

 22.2

 4.752

 4.502

 721

 66

  66.2

  61.7

 100.0

 84.1

0.0

  15.9

70.001% to 75.000%

 45

 23,984,740

 15.4

 4.788

 4.538

 733

 74

  60.0

  79.3

  97.4

 75.8

0.0

  24.2

75.001% to 80.000%

 198

 74,638,812

 48.0

 5.084

 4.834

 729

 79

  81.0

  82.6

  98.6

 62.2

0.8

  37.0

80.001% to 85.000%

 1

214,600

  0.1

 4.375

 4.125

 713

 82

 100.0

 100.0

 100.0

  0.0

0.0

 100.0

85.001% to 90.000%

 4

  1,330,249

  0.9

 4.948

 4.698

 725

 89

 100.0

 100.0

 100.0

 61.1

0.0

  38.9

90.001% to 95.000%

 4

944,269

  0.6

 5.046

 4.796

 715

 95

  65.3

 100.0

 100.0

 74.8

0.0

  25.2

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3


FICO Score

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

620 to 639

 5

  $2,500,048

  1.6%

 4.262

 4.012

 634

 72

  15.3

 100.0

 100.0

  85.0

0.0

  15.0

640 to 679

 51

 20,520,244

 13.2

 4.982

 4.732

 664

 71

  76.1

  88.7

  97.0

  59.8

0.0

  40.2

680 to 699

 43

 21,524,708

 13.8

 5.134

 4.884

 688

 72

  75.5

  67.8

  97.0

  82.4

0.0

  17.6

700 to 719

 48

 18,034,845

 11.6

 4.928

 4.678

 709

 74

  76.0

  86.0

 100.0

  66.3

0.0

  33.7

720 to 759

 106

 46,699,122

 30.0

 4.847

 4.597

 740

 74

  69.4

  71.4

  99.2

  70.4

1.3

  28.2

760 to 799

 97

 42,377,653

 27.3

 4.903

 4.653

 776

 70

  69.8

  76.2

 100.0

  75.4

0.0

  24.6

800 to 819

 10

  3,782,848

  2.4

 5.049

 4.799

 808

 68

  56.1

  74.5

 100.0

  90.3

0.0

9.7

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3


States

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

AL

 1

$341,650

  0.2%

 5.000

 4.750

 703

 79

100.0

 100.0

 100.0

0.0

  0.0

 100.0

AZ

 5

  2,481,336

  1.6

 5.259

 5.009

 759

 66

100.0

  82.4

 100.0

 100.0

0.0

0.0

CA

 121

 58,435,634

 37.6

 5.051

 4.801

 731

 71

  70.1

  61.5

 100.0

  81.1

0.0

  18.9

CO

 14

  5,877,698

  3.8

 5.288

 5.038

 733

 75

  65.0

  91.4

 100.0

  73.5

0.0

  26.5

DC

 2

  1,229,050

  0.8

 4.779

 4.529

 693

 83

100.0

 100.0

 100.0

 100.0

0.0

0.0

FL

 36

 15,214,841

  9.8

 4.731

 4.481

 733

 73

  85.3

  86.6

  93.4

  32.6

0.0

  67.4

GA

 16

  6,244,689

  4.0

 4.947

 4.697

 741

 74

  92.0

 100.0

 100.0

  93.9

0.0

6.1

HI

 1

599,922

  0.4

 5.250

 5.000

 695

 75

100.0

0.0

 100.0

 100.0

0.0

0.0

ID

 1

448,552

  0.3

 6.125

 5.875

 755

 59

100.0

0.0

 100.0

 100.0

0.0

0.0

IL

 14

  7,272,121

  4.7

 4.495

 4.245

 710

 65

  20.9

  93.0

 100.0

  98.5

0.0

1.5

KY

 1

128,700

  0.1

 5.250

 5.000

 713

 80

100.0

 100.0

 100.0

0.0

0.0

 100.0

MA

 4

  1,215,874

  0.8

 4.420

 4.170

 725

 78

  20.4

 100.0

 100.0

  79.6

0.0

  20.4

MD

 17

  7,417,255

  4.8

 5.044

 4.794

 725

 70

  67.8

  75.0

 100.0

  84.8

0.0

  15.2

MI

 12

  6,315,960

  4.1

 4.481

 4.231

 723

 68

  43.4

 100.0

 100.0

  75.0

0.0

  25.0

MN

 5

  2,067,258

  1.3

 4.895

 4.645

 745

 74

  68.7

  68.6

 100.0

  59.9

  30.0

  10.1

MO

 4

  2,110,657

  1.4

 4.482

 4.232

 680

 73

0.0

 100.0

 100.0

  84.3

0.0

  15.7

NC

 9

  3,615,896

  2.3

 4.918

 4.668

 744

 75

100.0

  89.8

  82.9

  39.4

0.0

  60.6

NJ

 9

  2,463,859

  1.6

 4.813

 4.563

 721

 72

  71.8

  75.3

 100.0

  38.2

0.0

  61.8

NV

 9

  3,577,852

  2.3

 4.831

 4.581

 707

 78

  50.2

  93.9

 100.0

  74.5

0.0

  25.5

OH

 7

  2,320,466

  1.5

 4.857

 4.607

 748

 76

  75.3

 100.0

 100.0

  51.2

0.0

  48.8

OR

 2

624,370

  0.4

 5.759

 5.509

 766

 73

  76.9

 100.0

 100.0

 100.0

0.0

0.0

PA

 5

  1,399,200

  0.9

 5.237

 4.987

 719

 80

100.0

  50.3

 100.0

  34.3

0.0

  65.7

RI

 1

226,951

  0.1

 5.500

 5.250

 773

 80

0.0

0.0

 100.0

0.0

0.0

 100.0

SC

 4

  2,113,615

  1.4

 4.678

 4.428

 730

 65

100.0

  61.7

 100.0

  86.9

0.0

  13.1

TN

 1

900,000

  0.6

 4.500

 4.250

 728

 67

100.0

0.0

 100.0

 100.0

0.0

0.0

TX

 6

  2,512,690

  1.6

 5.082

 4.832

 756

 66

  25.1

  61.4

 100.0

 100.0

0.0

0.0

UT

 5

794,913

  0.5

 5.341

 5.091

 699

 75

  72.5

  51.6

 100.0

  48.4

0.0

  51.6

VA

 46

 16,955,970

 10.9

 4.824

 4.574

 725

 75

  90.6

  92.6

 100.0

  56.3

0.0

  43.7

WA

 1

143,343

  0.1

 5.500

 5.250

 758

 70

0.0

0.0

 100.0

0.0

0.0

 100.0

WI

 1

389,144

  0.3

 5.000

 4.750

 701

 63

0.0

 100.0

 100.0

 100.0

0.0

0.0

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3


Index

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

1 YR CMT

 1

$620,000

  0.4%

 4.875

 4.625

 730

 80

 100.0

 100.0

 100.0

0.0

 100.0

0.0

1 YR LIBOR

 233

112,344,839

 72.3

 4.958

 4.708

 730

 71

  65.9

  73.4

  98.6

 100.0

0.0

0.0

6 MO LIBOR

 126

 42,474,628

 27.3

 4.838

 4.588

 726

 75

  83.5

  85.4

 100.0

0.0

0.0

 100.0

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3


Margin

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

2.000%

 6

  $1,381,030

  0.9%

 5.513

 5.263

 715

 79

  42.5

  50.6

 100.0

  65.1

  0.0

  34.9

2.250%

 302

128,314,927

 82.5

 5.049

 4.799

 730

 73

  76.6

  72.4

  98.7

  78.8

0.0

  21.2

2.500%

 32

 14,766,625

  9.5

 4.411

 4.161

 730

 71

  71.6

 100.0

 100.0

0.0

0.0

 100.0

2.750%

 20

 10,976,885

  7.1

 4.093

 3.843

 722

 67

5.6

 100.0

 100.0

  94.4

5.6

0.0

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3


Caps

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

2/1/6

 36

 $16,399,716

 10.6%

 4.372

 4.122

 733

 71

  72.8

 100.0

 100.0

0.0

 0.0

 100.0

2/2/5

 10

  2,656,668

  1.7

 5.430

 5.180

 748

 76

  88.6

  76.7

 100.0

 100.0

0.0

0.0

2/2/6

 212

105,925,216

 68.1

 4.977

 4.727

 731

 71

  67.9

  73.5

  98.5

  99.4

0.6

0.0

3/1/5

 41

 11,875,003

  7.6

 4.684

 4.434

 712

 76

  64.0

  77.1

 100.0

  26.8

0.0

  73.2

3/1/6

 1

332,400

  0.2

 5.375

 5.125

 679

 80

0.0

 100.0

 100.0

0.0

0.0

 100.0

3/2/6

 1

359,650

  0.2

 5.375

 5.125

 676

 79

 100.0

0.0

 100.0

 100.0

0.0

0.0

4/1/5

 18

  3,901,393

  2.5

 5.226

 4.976

 728

 79

 100.0

 100.0

 100.0

0.0

0.0

 100.0

6/2/5.5

 1

  1,000,000

  0.6

 4.750

 4.500

 686

 61

 100.0

 100.0

 100.0

0.0

 0.0

 100.0

6/2/6

 40

 12,989,421

  8.4

 5.212

 4.962

 726

 77

  84.8

  66.6

 100.0

6.5

0.0

  93.5

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3


Max Rate

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

8.000% to 8.499%

 2

  $1,255,312

  0.8%

 3.205

 2.955

 679

 69

0.0

 100.0

 100.0

100.0

0.0

0.0

8.500% to 8.999%

 3

  1,112,409

  0.7

 3.693

 3.443

 706

 69

0.0

 100.0

 100.0

  100.0

0.0

0.0

9.000% to 9.499%

 3

  1,195,623

  0.8

 4.190

 3.940

 676

 66

  29.1

 100.0

 100.0

31.1

0.0

  68.9

9.500% to 9.999%

 30

 11,187,349

  7.2

 4.074

 3.824

 730

 71

  47.9

  95.2

 100.0

48.2

0.0

  51.8

10.000% to 10.499%

 71

 28,936,725

 18.6

 4.509

 4.259

 733

 69

  74.1

  83.7

 100.0

 49.5

0.0

  50.5

10.500% to 10.999%

 105

 47,081,249

 30.3

 4.771

 4.521

 733

 72

  69.6

  78.2

  99.2

 74.5

1.3

  24.2

11.000% to 11.499%

 78

 35,070,528

 22.6

 5.195

 4.945

 731

 74

  76.8

  72.6

  98.2

 81.2

0.0

  18.8

11.500% to 11.999%

 63

 26,530,198

 17.1

 5.661

 5.411

 722

 75

  79.7

  63.9

  97.6

 87.8

0.0

  12.2

12.000% to 12.499%

 4

  2,072,852

  1.3

 6.193

 5.943

 725

 70

 100.0

  29.6

 100.0

100.0

0.0

0.0

12.500% to 12.999%

 1

997,223

  0.6

 6.500

 6.250

 685

 65

0.0

 100.0

 100.0

100.0

0.0

0.0

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3


Months to Roll

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

19

 1

$647,567

  0.4%

 4.125

 3.875

 752

 78

0.0

 100.0

 100.0

0.0

  0.0

 100.0

20

 3

  2,213,469

  1.4

 4.355

 4.105

 678

 67

 100.0

 100.0

 100.0

0.0

0.0

 100.0

21

 4

  1,961,259

  1.3

 4.189

 3.939

 749

 72

  59.6

 100.0

 100.0

  40.4

0.0

  59.6

22

 7

  3,133,358

  2.0

 3.760

 3.510

 738

 65

  37.4

 100.0

 100.0

  62.6

0.0

  37.4

23

 27

 12,556,529

  8.1

 4.074

 3.824

 712

 68

  29.6

 100.0

 100.0

  54.9

0.0

  45.1

24

 15

  7,941,037

  5.1

 4.398

 4.148

 724

 66

  37.4

 100.0

 100.0

  49.0

0.0

  51.0

25

 6

  2,290,508

  1.5

 4.557

 4.307

 728

 78

  48.0

 100.0

 100.0

0.0

0.0

 100.0

26

 8

  2,483,636

  1.6

 4.687

 4.437

 745

 81

 100.0

 100.0

 100.0

  16.7

0.0

  83.3

27

 1

275,000

  0.2

 4.875

 4.625

 644

 77

 100.0

 100.0

 100.0

0.0

0.0

 100.0

28

 4

  1,630,300

  1.0

 4.521

 4.271

 751

 73

 100.0

 100.0

 100.0

0.0

0.0

 100.0

29

 11

  6,142,864

  4.0

 4.512

 4.262

 753

 62

  48.1

  51.1

 100.0

  96.0

0.0

4.0

30

 33

 15,001,730

  9.7

 4.832

 4.582

 725

 72

  88.0

  73.6

 100.0

  81.2

0.0

  18.8

31

 62

 29,131,594

 18.7

 4.935

 4.685

 724

 70

  67.8

  65.6

 100.0

  93.2

0.0

6.8

32

 15

  4,305,620

  2.8

 5.044

 4.794

 716

 80

  95.9

  73.0

 100.0

0.0

0.0

 100.0

33

 39

 12,685,047

  8.2

 5.295

 5.045

 732

 73

  79.1

  88.3

 100.0

  63.4

0.0

  36.6

34

 101

 46,384,394

 29.8

 5.337

 5.087

 735

 74

  86.2

  72.1

  96.5

  91.2

1.3

7.4

35

 14

  4,378,125

  2.8

 5.383

 5.133

 744

 76

  54.2

  42.0

 100.0

  35.6

0.0

  64.4

36

 9

  2,277,430

  1.5

 5.428

 5.178

 718

 79

  41.4

  54.4

 100.0

  55.1

0.0

  44.9

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3


Property Type

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

2-4 Family

 3

  $1,189,151

  0.8%

 4.921

 4.671

 716

 80

  80.9

  80.9

 100.0

0.0

0.0

 100.0

Condominium

35

 12,919,134

  8.3

 4.847

 4.597

 736

 73

  61.6

  72.2

 100.0

  78.1

0.0

  21.9

Planned Unit Development

 117

 50,009,804

 32.2

 4.903

 4.653

 734

 74

  78.3

  78.0

100.0

  71.9

0.0

  28.1

Single Family

 203

 90,338,524

 58.1

 4.964

 4.714

 726

 71

  68.6

  76.4

  98.2

72.3

0.7

  27.0

Townhouse

 2

982,854

  0.6

 3.500

 3.250

 692

 69

0.0

 100.0

 100.0

 100.0

0.0

0.0

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3


Occupancy Code

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Primary Residence

 357

$153,811,467

 99.0%

 4.921

 4.671

 729

 72

  70.5

  76.9

 100.0

  72.0

0.4

  27.6

Second Home

 3

  1,628,000

  1.0

 5.315

 5.065

 697

 76

 100.0

  60.3

0.0

 100.0

0.0

0.0

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3


Purpose

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Cash Out Refinance

 101

 $45,599,070

 29.3%

 4.780

 4.530

 717

 68

  62.4

  83.2

 100.0

  72.2

1.4

  26.4

Purchase

 191

 77,000,261

 49.5

 4.981

 4.731

 732

 76

  77.5

  76.4

  98.4

  64.1

  0.0

  35.9

Rate Term Refinance

 68

 32,840,137

 21.1

 4.994

 4.744

 738

 67

  66.9

  68.7

  98.9

  91.5

0.0

8.5

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3


Documentation Type

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Full Documentation

 278

$119,287,259

 76.7%

 4.850

 4.600

 727

 72

  68.7

 100.0

  99.2

  69.1

0.5

  30.4

Stated Documentation

 82

 36,152,208

 23.3

 5.172

 4.922

 734

 71

  77.7

0.0

  98.2

  82.8

0.0

  17.2

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3


Prepayment Penalty Terms

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0

 342

$151,290,661

 97.3%

 4.913

 4.663

 729

 72

  70.6

  76.6

  98.9

  73.3

 0.4

  26.3

12

 3

716,352

  0.5

 5.399

 5.149

 773

 79

  63.0

  63.0

 100.0

  37.0

0.0

  63.0

24

 1

227,245

  0.1

 5.375

 5.125

 683

 65

0.0

0.0

 100.0

 100.0

0.0

0.0

36

 13

  2,981,208

  1.9

 5.352

 5.102

 695

 78

  89.5

  89.5

 100.0

  30.2

0.0

  69.8

60

 1

224,000

  0.1

 5.500

 5.250

 785

 80

 100.0

 100.0

 100.0

0.0

0.0

 100.0

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3


Interest Only

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

N

 105

 $45,353,329

 29.2%

 4.667

 4.417

 731

 68

0.0

  82.2

 100.0

  84.5

 0.0

  15.5

Y

 255

110,086,138

 70.8

 5.031

 4.781

 728

 74

 100.0

  74.5

  98.5

  67.2

0.6

  32.2

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3


Interest Only Terms

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0

 105

 $45,353,329

 29.2%

 4.667

 4.417

 731

 68

0.0

  82.2

 100.0

  84.5

 0.0

  15.5

36

 181

 90,288,825

 58.1

 4.984

 4.734

 729

 73

 100.0

  76.0

  98.2

  79.0

0.7

  20.4

120

 74

 19,797,313

 12.7

 5.248

 4.998

 726

 78

 100.0

  67.5

 100.0

  13.7

 0.0

  86.3

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3


Mortgage Insurance

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

CurrLTV <= 80

 351

$152,950,348

 98.4%

 4.925

 4.675

 729

 72

  70.6

  76.4

  98.9

  72.5

0.4

  27.1

CurrLTV > 80 and Insured

 9

  2,489,118

  1.6

 4.936

 4.686

 720

 91

  86.8

 100.0

100.0

  61.0

0.0

  39.0

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3


Servicer

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Countrywide Sub-serviced

92

$24,140,241

 15.5%

 5.276

 5.026

 726

 78

  85.4

  63.6

 100.0

  21.5

0.0

  78.5

National City Mortgage

 189

 94,237,968

 60.6

 5.073

 4.823

 732

 71

  75.7

  71.0

  98.3

  99.3

0.7

0.0

Virtual Bank

 79

 37,061,258

 23.8

 4.319

 4.069

 722

 70

  49.0

 100.0

 100.0

  36.5

0.0

  63.5

Total:

 360

$155,439,467

100.0%

 4.925

 4.675

 729

 72

  70.8

  76.7

  99.0

  72.3

  0.4

  27.3








Stats

Count: 1,338

Current Balance: $676,180,894

Average Current Balance: $505,367

Gross Weighted Average Coupon: 5.460%

Net Weighted Average Coupon: 5.209%

Weighted Average Expense Rate: 0.251%

Weighted Average Expense Rate - after Reset: 0.253%

Original Term: 360

Remaining Term: 358

Age: 2

Original Loan-to-Value Ratio: 73.92%

Current Loan-to-Value Ratio: 73.84%

Margin: 2.256%

Net Margin: 2.002%

Non-Zero Initial Periodic Cap: 5.073%

Non-Zero Subsequent Periodic Cap: 1.967%

Lifetime Cap: 5.135%

Maximum Interest Rate: 10.595%

Months to Next Roll: 58

FICO Score: 738

Max Zip Code Percentage: 0.674%

Final Maturity: 2035-07-02


Product Type

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

5/1 ARM

 1,071

$571,012,389

 84.4%

 5.438

 5.187

 739

 74

  80.5

  50.5

  92.9

  98.5

1.5

0.0

5/6 ARM

 267

105,168,505

 15.6

 5.580

 5.330

 734

 75

  92.5

  53.8

  98.6

0.0

 0.0

 100.0

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6


Group

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Group 2 - 5yr Hybrids

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

1.3

  15.6

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6


Principal Balance

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

$50,000.01 to $200,000.00

 104

 $14,680,163

  2.2%

 5.668

 5.418

 727

 78

  78.7

  75.8

94.5

  35.8

8.3

  55.9

$200,000.01 to $350,000.00

 91

 24,676,619

  3.6

 5.598

 5.348

 728

 75

  81.1

  53.8

92.5

  27.8

  14.4

  57.8

$350,000.01 to $500,000.00

 615

261,057,796

 38.6

 5.468

 5.217

 739

 75

  83.1

  49.8

95.0

  84.5

1.0

  14.5

$500,000.01 to $650,000.00

 314

179,812,379

 26.6

 5.464

 5.214

 737

 75

  79.1

  44.9

91.4

  86.5

0.6

  12.9

$650,000.01 to $800,000.00

 94

 67,111,037

  9.9

 5.483

 5.233

 742

 74

  86.9

  49.2

95.7

  86.3

0.0

  13.7

$800,000.01 to $950,000.00

 55

 48,138,494

  7.1

 5.440

 5.190

 735

 74

  84.0

  54.5

94.5

  94.4

0.0

5.6

$950,000.01 to $1,100,000.00

 41

 40,657,562

  6.0

 5.296

 5.046

 744

 68

  85.4

  44.2

100.0

  82.9

0.0

  17.1

$1,100,000.01 to $1,250,000.00

 3

  3,516,432

  0.5

 4.876

 4.626

 744

 60

  66.1

  66.9

 100.0

 100.0

0.0

0.0

$1,250,000.01 to $1,400,000.00

 2

  2,708,738

  0.4

 5.868

 5.618

 725

 75

 100.0

  50.9

 100.0

 100.0

0.0

0.0

$1,400,000.01 to $1,550,000.00

 6

  8,932,351

  1.3

 5.373

 5.123

 725

 66

  83.3

  83.2

  83.2

  83.5

0.0

  16.5

$1,550,000.01 to $1,700,000.00

 2

  3,174,500

  0.5

 5.807

 5.557

 725

 70

 100.0

 100.0

 100.0

  50.4

0.0

  49.6

$1,700,000.01 to $1,850,000.00

 4

  7,074,000

  1.0

 5.422

 5.172

 734

 64

 100.0

  75.8

  75.8

 100.0

0.0

0.0

$1,850,000.01 to $2,000,000.00

 5

  9,723,896

  1.4

 5.348

 5.098

 753

 64

  80.0

  80.3

  80.0

 100.0

0.0

0.0

$2,300,000.01 to $2,450,000.00

 1

  2,420,000

  0.4

 5.375

 5.125

 712

 69

 100.0

 100.0

 100.0

 100.0

0.0

0.0

$2,450,000.01 to $2,600,000.00

 1

  2,496,926

  0.4

 4.875

 4.625

 772

 50

0.0

 100.0

 100.0

 100.0

0.0

0.0

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6


Current Rate

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

4.000% to 4.249%

 2

  $1,120,000

  0.2%

 4.000

 3.750

 758

 79

 100.0

0.0

 100.0

100.0

0.0

0.0

4.250% to 4.499%

 4

  2,422,649

  0.4

 4.375

 4.125

 777

 79

 100.0

  63.4

 100.0

77.9

0.0

  22.1

4.500% to 4.749%

 21

  9,960,461

  1.5

 4.578

 4.328

 758

 66

  57.1

  71.5

  96.5

88.7

  10.3

1.0

4.750% to 4.999%

 102

 56,878,514

  8.4

 4.843

 4.593

 745

 71

  64.2

  64.4

  93.6

91.9

5.7

2.4

5.000% to 5.249%

 158

 96,066,437

 14.2

 5.056

 4.804

 746

 69

  72.5

  57.8

  96.3

92.4

0.7

6.9

5.250% to 5.499%

 240

128,607,696

 19.0

 5.318

 5.068

 739

 74

  79.1

  45.5

  93.3

89.4

0.8

9.8

5.500% to 5.749%

 305

162,412,817

 24.0

 5.551

 5.300

 738

 75

  85.0

  50.7

  91.5

77.3

1.1

  21.6

5.750% to 5.999%

 426

170,924,366

 25.3

 5.793

 5.542

 730

 76

  92.2

  48.8

  95.5

72.3

0.5

  27.2

6.000% to 6.249%

 55

 29,889,126

  4.4

 6.044

 5.794

 735

 76

  93.8

  42.2

  90.2

97.6

0.0

2.4

6.250% to 6.499%

 22

 14,763,829

  2.2

 6.286

 6.036

 734

 74

  88.7

  33.3

  92.2

  100.0

0.0

0.0

6.500% to 6.749%

 2

  2,255,000

  0.3

 6.500

 6.250

 686

 73

 100.0

 100.0

 100.0

30.2

0.0

  69.8

6.750% to 6.999%

 1

880,000

  0.1

 6.875

 6.625

 716

 80

 100.0

0.0

 100.0

  100.0

0.0

0.0

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6


Original Term

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

180

 1

$550,051

  0.1%

 5.625

 5.375

 760

 79

0.0

 100.0

 100.0

 100.0

0.0

0.0

360

 1,337

675,630,843

 99.9

 5.460

 5.209

 738

 74

  82.4

  50.9

  93.8

  83.2

 1.3

  15.6

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6


Age

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0

 316

$146,758,315

 21.7%

 5.540

 5.289

 739

 75

  85.2

  42.5

  93.6

  67.0

 0.0

  33.0

1

 576

313,235,974

 46.3

 5.471

 5.221

 740

 74

  87.4

  39.5

  92.3

  89.2

0.0

  10.8

2

 226

107,605,542

 15.9

 5.584

 5.334

 733

 73

  86.5

  69.1

  93.4

  85.5

1.9

  12.6

3

 57

 20,529,392

  3.0

 5.431

 5.181

 726

 74

  70.0

  72.4

  94.6

  58.1

  22.0

  20.0

4

 28

 12,869,058

  1.9

 5.439

 5.189

 740

 76

  71.0

  83.3

 100.0

  69.8

1.6

  28.7

5

 102

 58,044,093

  8.6

 5.103

 4.853

 741

 71

  55.9

  83.2

 100.0

  96.9

1.1

1.9

6

 24

 11,928,691

  1.8

 5.083

 4.833

 739

 68

  41.8

  62.6

  99.3

  92.9

6.4

0.7

7

 3

  2,775,500

  0.4

 4.823

 4.573

 736

 64

 100.0

  41.9

 100.0

 100.0

0.0

0.0

9

 3

864,223

  0.1

 5.267

 5.017

 745

 80

  16.3

  59.2

 100.0

  83.7

0.0

  16.3

10

 1

960,000

  0.1

 5.000

 4.750

 712

 80

 100.0

 100.0

 100.0

 100.0

0.0

0.0

14

 1

284,986

  0.0

 4.750

 4.500

 660

 95

 100.0

 100.0

 100.0

0.0

0.0

 100.0

22

 1

325,119

  0.0

 4.625

 4.375

 681

 43

0.0

0.0

 100.0

0.0

 100.0

0.0

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6


Original Loan-To-Value Ratio

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0.001% to 20.000%

 2

$899,957

  0.1%

 5.486

 5.236

 740

 16

 100.0

 100.0

  55.6

 100.0

0.0

0.0

20.001% to 30.000%

 1

495,737

  0.1

 5.875

 5.625

 787

 29

 100.0

 100.0

 100.0

100.0

0.0

0.0

30.001% to 40.000%

 11

  6,513,573

  1.0

 5.212

 4.962

 747

 37

  40.5

  55.1

  94.7

 75.7

5.3

  19.0

40.001% to 50.000%

 37

 22,608,246

  3.3

 5.156

 4.906

 744

 47

  48.7

  55.0

 100.0

 89.1

2.2

8.8

50.001% to 60.000%

 73

 43,562,492

  6.4

 5.359

 5.109

 746

 56

  77.1

  39.2

  96.6

 88.2

1.5

  10.3

60.001% to 70.000%

 162

103,862,946

 15.4

 5.419

 5.169

 736

 67

  79.8

  53.7

  96.4

 85.6

1.5

  12.9

70.001% to 75.000%

 148

 80,713,550

 11.9

 5.459

 5.209

 734

 74

  82.2

  58.0

  89.8

 85.2

1.0

  13.8

75.001% to 80.000%

 878

408,595,490

 60.4

 5.500

 5.250

 738

 80

  86.2

  48.9

  93.5

 81.4

0.9

  17.6

80.001% to 85.000%

 7

  2,247,539

  0.3

 5.356

 4.989

 692

 84

  53.1

  91.6

 100.0

 85.7

8.4

6.0

85.001% to 90.000%

 12

  4,397,078

  0.7

 5.491

 5.204

 721

 89

  77.9

  88.0

  78.1

 80.0

  11.6

8.4

90.001% to 95.000%

 7

  2,284,288

  0.3

 5.702

 5.452

 732

 94

  93.2

  83.2

 100.0

 74.6

6.8

  18.6

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6


Current Loan-To-Value Ratio

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0.001% to 20.000%

 2

$899,957

  0.1%

 5.486

 5.236

 740

 16

 100.0

 100.0

  55.6

 100.0

0.0

0.0

20.001% to 30.000%

 2

624,575

  0.1

 5.952

 5.702

 784

 28

 100.0

  79.4

 100.0

100.0

0.0

0.0

30.001% to 40.000%

 11

  6,513,573

  1.0

 5.212

 4.962

 747

 37

  40.5

  55.1

  94.7

 75.7

5.3

  19.0

40.001% to 50.000%

 37

 22,608,246

  3.3

 5.156

 4.906

 744

 47

  48.7

  55.0

 100.0

 89.1

2.2

8.8

50.001% to 60.000%

 74

 44,408,418

  6.6

 5.355

 5.105

 746

 56

  77.6

  38.5

  96.6

 88.4

1.5

  10.1

60.001% to 70.000%

 162

103,171,695

 15.3

 5.422

 5.172

 735

 67

  79.5

  54.2

  96.3

 85.5

1.5

  13.0

70.001% to 75.000%

 153

 83,142,354

 12.3

 5.456

 5.206

 734

 74

  80.9

  58.0

  90.1

 85.4

1.0

  13.6

75.001% to 80.000%

 871

405,883,173

 60.0

 5.501

 5.251

 738

 80

  86.6

  48.9

  93.5

 81.4

1.0

  17.7

80.001% to 85.000%

 7

  2,247,539

  0.3

 5.356

 4.989

 692

 84

  53.1

  91.6

 100.0

 85.7

8.4

6.0

85.001% to 90.000%

 12

  4,397,078

  0.7

 5.491

 5.204

 721

 89

  77.9

  88.0

  78.1

 80.0

  11.6

8.4

90.001% to 95.000%

 7

  2,284,288

  0.3

 5.702

 5.452

 732

 94

  93.2

  83.2

 100.0

 74.6

6.8

  18.6

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6


FICO Score

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

620 to 639

 3

  $1,439,781

  0.2%

 5.769

 5.519

 632

 64

  90.4

 100.0

 100.0

 100.0

0.0

0.0

640 to 679

 104

 44,736,173

  6.6

 5.571

 5.311

 668

 75

  73.4

  87.4

  97.4

  80.0

1.1

  18.8

680 to 699

 153

 74,420,513

 11.0

 5.583

 5.333

 689

 74

  78.1

  81.2

  98.1

  72.5

1.6

  25.9

700 to 719

 211

112,744,701

 16.7

 5.493

 5.243

 709

 75

  85.7

  43.6

  95.4

  86.9

0.3

  12.8

720 to 759

 431

213,836,216

 31.6

 5.460

 5.210

 740

 74

  86.1

  39.2

  94.2

  83.9

1.5

  14.6

760 to 799

 394

209,131,681

 30.9

 5.374

 5.124

 777

 73

  79.8

  48.0

  90.6

  85.9

1.5

  12.5

800 to 819

 42

 19,871,829

  2.9

 5.427

 5.177

 808

 72

  86.3

  52.8

  90.3

  71.7

0.0

  28.3

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6


States

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

AL

 1

$650,000

  0.1%

 4.875

 4.625

 729

 50

 100.0

0.0

 100.0

 100.0

  0.0

0.0

AZ

 59

 22,099,078

  3.3

 5.568

 5.318

 731

 75

  96.6

  44.9

  95.4

  73.9

4.1

  22.0

CA

 633

352,135,457

 52.1

 5.473

 5.221

 738

 73

  86.3

  43.8

  97.5

  78.9

0.7

  20.4

CO

 48

 21,491,731

  3.2

 5.468

 5.218

 740

 72

  81.2

  62.2

  91.6

  89.0

0.0

  11.0

CT

 6

  4,108,496

  0.6

 5.506

 5.256

 761

 71

  44.0

  39.0

 100.0

  81.0

7.3

  11.7

DC

 4

  1,611,501

  0.2

 5.298

 5.048

 750

 79

 100.0

 100.0

 100.0

 100.0

0.0

0.0

FL

 65

 30,901,813

  4.6

 5.570

 5.320

 743

 76

  90.6

  45.4

  77.9

  92.8

1.0

6.1

GA

 44

 17,526,254

  2.6

 5.206

 4.956

 736

 75

  89.4

  78.6

  96.3

  89.4

1.5

9.2

HI

 8

  6,309,185

  0.9

 5.595

 5.345

 750

 78

  59.8

  60.1

  29.6

 100.0

0.0

0.0

IA

 2

  1,355,736

  0.2

 4.934

 4.684

 724

 68

0.0

  26.3

 100.0

  73.7

  26.3

0.0

ID

 4

  2,260,462

  0.3

 5.423

 5.173

 747

 71

  78.8

  51.3

 100.0

 100.0

0.0

0.0

IL

 40

 19,884,886

  2.9

 5.472

 5.222

 741

 75

  62.8

  48.6

  93.5

  94.1

1.8

4.1

KY

 6

  2,477,065

  0.4

 5.160

 4.910

 704

 80

  85.8

 100.0

 100.0

  74.3

  14.2

  11.5

MA

 24

 10,626,284

  1.6

 5.385

 5.135

 742

 74

  50.3

  45.4

  94.9

  90.4

0.0

9.6

MD

 41

 20,326,878

  3.0

 5.562

 5.312

 732

 77

  84.8

  52.3

  87.1

  86.2

0.0

  13.8

MI

 15

  8,020,145

  1.2

 5.437

 5.187

 766

 66

  70.1

  81.3

 100.0

  92.8

4.5

2.7

MN

 14

  3,215,834

  0.5

 5.514

 5.264

 725

 79

  57.7

  90.8

  85.8

  57.1

2.5

  40.4

MO

 6

  2,699,410

  0.4

 5.612

 5.362

 733

 75

  51.8

  71.9

 100.0

  96.5

0.0

3.5

MS

 2

358,220

  0.1

 5.750

 5.500

 757

 80

  48.0

 100.0

 100.0

  52.0

0.0

  48.0

MT

 3

774,540

  0.1

 5.271

 5.021

 735

 70

  54.1

  20.1

  45.9

  54.1

  45.9

0.0

NC

 13

  6,077,508

  0.9

 5.473

 5.223

 763

 76

  93.9

  76.5

  15.8

  97.0

0.0

3.0

NH

 1

420,000

  0.1

 5.250

 5.000

 685

 80

0.0

 100.0

 100.0

 100.0

0.0

0.0

NJ

 29

 15,750,612

  2.3

 5.487

 5.237

 736

 75

  83.7

  51.8

  75.5

  91.8

2.9

5.3

NM

 2

952,000

  0.1

 5.875

 5.625

 776

 74

 100.0

0.0

 100.0

 100.0

0.0

0.0

NV

 42

 20,857,780

  3.1

 5.556

 5.306

 739

 75

  90.2

  49.3

  90.1

  96.9

0.0

3.1

NY

 12

  6,022,952

  0.9

 5.573

 5.323

 727

 74

  61.8

  59.6

 100.0

 100.0

0.0

0.0

OH

 7

  2,964,930

  0.4

 5.622

 5.372

 729

 77

  67.4

  68.5

 100.0

  93.0

0.0

7.0

OK

 2

469,600

  0.1

 6.079

 5.829

 700

 80

 100.0

 100.0

 100.0

  87.7

0.0

  12.3

OR

 15

  7,375,663

  1.1

 5.606

 5.356

 725

 73

  78.4

  32.4

  91.2

  95.9

0.0

4.1

PA

 7

  2,646,489

  0.4

 5.074

 4.824

 751

 80

  36.7

  49.8

  91.3

  56.8

8.7

  34.4

RI

 1

418,530

  0.1

 5.375

 5.125

 709

 65

0.0

0.0

 100.0

 100.0

0.0

0.0

SC

 10

  3,545,588

  0.5

 5.149

 4.899

 727

 67

  87.3

  45.7

  86.6

  74.5

  18.0

7.5

TN

 5

  1,162,180

  0.2

 5.627

 5.377

 722

 61

  85.0

  85.0

 100.0

  77.3

0.0

  22.7

TX

 25

 15,104,278

  2.2

 5.212

 4.962

 727

 69

  41.7

  71.5

  96.3

  94.5

0.0

5.5

UT

 4

505,400

  0.1

 5.750

 5.500

 728

 79

  70.7

  79.6

 100.0

0.0

0.0

 100.0

VA

 104

 48,368,838

  7.2

 5.335

 5.085

 742

 74

  86.9

  75.9

 100.0

  86.8

0.5

  12.7

WA

 30

 13,001,352

  1.9

 5.430

 5.180

 725

 73

  70.2

  49.4

 100.0

  67.4

4.0

  28.6

WI

 3

  1,328,220

  0.2

 5.180

 4.930

 751

 70

  40.6

  71.8

 100.0

  68.7

  31.3

0.0

WV

 1

376,000

  0.1

 5.750

 5.500

 762

 80

 100.0

 100.0

 100.0

0.0

0.0

 100.0

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6


Index

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

1 YR CMT

 29

  $8,530,575

  1.3%

 5.107

 4.857

 744

 71

  37.3

  60.6

  84.8

0.0

 100.0

0.0

1 YR LIBOR

 1,042

562,481,814

 83.2

 5.443

 5.192

 739

 74

  81.2

  50.3

  93.1

 100.0

0.0

0.0

6 MO LIBOR

 267

105,168,505

 15.6

 5.580

 5.330

 734

 75

  92.5

  53.8

  98.6

0.0

0.0

 100.0

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6


Margin

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

2.000%

 38

 $10,990,298

  1.6%

 5.746

 5.496

 729

 75

  78.9

  40.9

  98.4

  74.5

  0.0

  25.5

2.250%

 1,255

651,882,170

 96.4

 5.459

 5.209

 738

 74

  83.3

  50.7

  93.8

  84.4

0.0

  15.6

2.375%

 4

723,586

  0.1

 5.356

 5.106

 722

 88

 100.0

 100.0

 100.0

0.0

0.0

 100.0

2.500%

 1

477,324

  0.1

 5.500

 5.250

 780

 38

0.0

 100.0

 100.0

 100.0

0.0

0.0

2.750%

 34

 10,950,745

  1.6

 5.200

 4.926

 729

 72

  43.1

  67.4

  88.1

  20.2

77.9

1.9

2.875%

 1

418,500

  0.1

 5.750

 5.110

 666

 90

0.0

 100.0

 100.0

 100.0

0.0

0.0

3.000%

 5

738,272

  0.1

 5.427

 5.177

 690

 80

0.0

 100.0

 100.0

 100.0

0.0

0.0

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6


Caps

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

2/2/6

 1

$450,000

  0.1%

 4.875

 4.625

 766

 75

 100.0

0.0

 100.0

 100.0

 0.0

0.0

5/1/5

 53

 22,269,210

  3.3

 5.592

 5.342

 729

 77

  97.6

  43.1

 100.0

0.0

0.0

 100.0

5/2/4.75

 1

998,798

  0.1

 5.000

 4.750

 708

 73

0.0

0.0

 100.0

 100.0

  0.0

0.0

5/2/5

 1,034

561,185,831

 83.0

 5.433

 5.182

 739

 74

  79.9

  50.6

  92.8

  97.4

1.5

1.1

5/2/6

 1

121,920

  0.0

 5.750

 5.500

 734

 78

 100.0

 100.0

 100.0

0.0

0.0

 100.0

6/1/6

 2

353,110

  0.1

 5.750

 5.500

 711

 79

 100.0

 100.0

 100.0

0.0

0.0

 100.0

6/2/6

 246

 90,802,025

 13.4

 5.600

 5.350

 734

 75

  94.6

  56.0

  98.3

  15.8

0.0

  84.2

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6


Max Rate

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

9.000% to 9.499%

 6

  $3,542,649

  0.5%

 4.256

 4.006

 771

 79

 100.0

  43.3

 100.0

 84.9

0.0

  15.1

9.500% to 9.999%

 122

 67,030,623

  9.9

 4.806

 4.556

 746

 70

  61.8

  65.3

  94.1

92.0

6.3

1.7

10.000% to 10.499%

 368

207,160,644

 30.6

 5.205

 4.954

 742

 73

  75.5

  51.8

  94.1

 97.4

0.8

1.8

10.500% to 10.999%

 516

261,771,957

 38.7

 5.673

 5.422

 734

 75

  86.8

  46.5

  92.4

 90.8

1.0

8.3

11.000% to 11.499%

 106

 57,834,536

  8.6

 5.893

 5.643

 737

 74

  90.2

  41.2

  93.0

 74.3

0.0

  25.7

11.500% to 11.999%

 217

 77,377,593

 11.4

 5.709

 5.459

 731

 76

  96.4

  59.2

  98.0

 19.1

0.0

  80.9

12.000% to 12.499%

 3

  1,462,893

  0.2

 5.823

 5.573

 721

 79

 100.0

  48.1

 100.0

 51.9

0.0

  48.1

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6


Months to Roll

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

38

 1

$325,119

  0.0%

 4.625

 4.375

 681

 43

0.0

0.0

 100.0

0.0

100.0

0.0

46

 1

284,986

  0.0

 4.750

 4.500

 660

 95

 100.0

 100.0

 100.0

0.0

0.0

 100.0

50

 1

960,000

  0.1

 5.000

 4.750

 712

 80

 100.0

 100.0

 100.0

 100.0

0.0

0.0

51

 3

864,223

  0.1

 5.267

 5.017

 745

 80

  16.3

  59.2

 100.0

  83.7

0.0

  16.3

53

 3

  2,775,500

  0.4

 4.823

 4.573

 736

 64

 100.0

  41.9

 100.0

 100.0

0.0

0.0

54

 24

 11,928,691

  1.8

 5.083

 4.833

 739

 68

  41.8

  62.6

  99.3

  92.9

6.4

0.7

55

 102

 58,044,093

  8.6

 5.103

 4.853

 741

 71

  55.9

  83.2

 100.0

  96.9

1.1

1.9

56

 28

 12,869,058

  1.9

 5.439

 5.189

 740

 76

  71.0

  83.3

 100.0

  69.8

1.6

  28.7

57

 57

 20,529,392

  3.0

 5.431

 5.181

 726

 74

  70.0

  72.4

  94.6

  58.1

  22.0

  20.0

58

 226

107,605,542

 15.9

 5.584

 5.334

 733

 73

  86.5

  69.1

  93.4

  85.5

1.9

  12.6

59

 576

313,235,974

 46.3

 5.471

 5.221

 740

 74

  87.4

  39.5

  92.3

  89.2

0.0

  10.8

60

 316

146,758,315

 21.7

 5.540

 5.289

 739

 75

  85.2

  42.5

  93.6

  67.0

0.0

  33.0

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6


Property Type

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

2-4 Family

 6

  $2,731,504

  0.4%

 5.427

 5.177

 774

 73

  84.8

  34.0

 100.0

  18.8

  15.2

  66.0

Condominium

146

 66,285,799

  9.8

 5.440

 5.190

 750

 76

  81.2

  42.1

  79.2

  82.1

4.1

  13.9

Planned Unit Development

 420

217,873,596

 32.2

 5.427

 5.177

 738

 75

  85.7

  52.2

 96.2

  87.6

0.2

  12.2

Single Family

 766

389,289,995

 57.6

 5.482

 5.231

 736

 73

  80.7

  51.9

  94.9

81.4

1.3

  17.4

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6


Occupancy Code

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Primary Residence

 1,257

$634,373,553

 93.8%

 5.458

 5.207

 737

 74

  82.2

  51.3

 100.0

  82.5

1.1

  16.3

Second Home

81

 41,807,342

  6.2

 5.487

 5.237

 754

 76

  85.2

  45.9

0.0

  93.4

3.1

3.5

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6


Purpose

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Cash Out Refinance

 113

 $51,500,783

  7.6%

 5.556

 5.306

 726

 66

  83.5

  55.8

 100.0

  60.3

2.4

  37.2

Purchase

 922

464,163,920

 68.6

 5.475

 5.225

 743

 77

  86.2

  45.0

  91.6

  82.7

  1.1

  16.1

Rate Term Refinance

 303

160,516,191

 23.7

 5.386

 5.133

 728

 68

  70.8

  66.6

  98.3

  91.8

1.3

6.9

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6


Documentation Type

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Full Documentation

 689

$344,765,280

 51.0%

 5.422

 5.170

 731

 74

  77.4

 100.0

  94.4

  82.1

1.5

  16.4

Stated Documentation

 649

331,415,614

 49.0

 5.499

 5.249

 745

 74

  87.6

0.0

  93.2

  84.3

1.0

  14.6

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6


Prepayment Penalty Terms

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0

 1,228

$620,186,331

 91.7%

 5.456

 5.206

 738

 74

  81.9

  51.7

  94.0

  82.9

 1.4

  15.7

6

 3

747,219

  0.1

 5.750

 5.500

 742

 78

 100.0

  17.9

 100.0

0.0

0.0

 100.0

12

 42

 22,939,725

  3.4

 5.543

 5.286

 736

 77

  95.6

  29.8

  97.6

 100.0

0.0

0.0

36

 48

 23,757,816

  3.5

 5.523

 5.273

 737

 72

  91.2

  44.1

  84.7

  72.2

0.0

  27.8

60

 17

  8,549,805

  1.3

 5.285

 5.035

 737

 74

  54.3

  77.9

  93.9

  97.6

0.0

2.4

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6


Interest Only

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

N

 240

$119,196,203

 17.6%

 5.275

 5.022

 737

 70

0.0

  65.5

  94.8

  88.9

 4.5

6.6

Y

 1,098

556,984,691

 82.4

 5.499

 5.249

 738

 75

 100.0

  47.9

  93.6

  82.0

0.6

  17.5

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6


Interest Only Terms

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0

 240

$119,196,203

 17.6%

 5.275

 5.022

 737

 70

0.0

  65.5

  94.8

  88.9

 4.5

6.6

60

 887

471,948,030

 69.8

 5.483

 5.233

 739

 75

 100.0

  46.3

  92.8

  95.4

0.7

3.9

120

 211

 85,036,661

 12.6

 5.587

 5.337

 734

 75

 100.0

  56.7

  97.8

7.2

 0.0

  92.8

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6


Mortgage Insurance

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

CurrLTV <= 80

 1,312

$667,251,990

 98.7%

 5.459

 5.209

 738

 74

  82.5

  50.5

  93.9

  83.2

1.2

  15.6

CurrLTV > 80 and Insured

 26

  8,928,904

  1.3

 5.511

 5.213

 716

 89

  75.6

  87.7

 89.2

  80.0

9.6

  10.4

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6


Servicer

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Countrywide

722

$397,815,327

 58.8%

 5.470

 5.219

 739

 74

  83.4

  42.3

  92.2

 100.0

0.0

0.0

Countrywide Sub-serviced

372

152,375,199

 22.5

 5.570

 5.320

 734

 75

  94.4

  53.2

  97.0

  30.0

1.0

  69.0

National City Mortgage

 220

119,612,976

 17.7

 5.312

 5.062

 738

 71

  67.0

  77.3

  95.8

  99.4

0.6

0.0

Wells Fargo

 24

  6,377,393

  0.9

 4.940

 4.690

 750

 70

  20.0

  47.3

  79.6

0.0

 100.0

0.0

Total:

 1,338

$676,180,894

100.0%

 5.460

 5.209

 738

 74

  82.4

  51.0

  93.8

  83.2

  1.3

  15.6



Stats

Count: 260

Current Balance: $120,143,152

Average Current Balance: $462,089

Gross Weighted Average Coupon: 5.656%

Net Weighted Average Coupon: 5.406%

Weighted Average Expense Rate: 0.250%

Weighted Average Expense Rate - after Reset: 0.250%

Original Term: 360

Remaining Term: 359

Age: 1

Original Loan-to-Value Ratio: 73.82%

Current Loan-to-Value Ratio: 73.72%

Margin: 2.261%

Net Margin: 2.011%

Non-Zero Initial Periodic Cap: 5.039%

Non-Zero Subsequent Periodic Cap: 2.000%

Lifetime Cap: 5.039%

Maximum Interest Rate: 10.691%

Months to Next Roll: 83

FICO Score: 743

Max Zip Code Percentage: 1.952%

Final Maturity: 2035-07-01


Product Type

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

7/1 ARM

 250

$116,218,892

 96.7%

 5.653

 5.403

 744

 74

  84.1

  41.0

  92.6

  97.8

2.2

0.0

7/6 ARM

 10

  3,924,260

  3.3

 5.758

 5.508

 734

 70

  71.5

  49.1

 100.0

0.0

 0.0

 100.0

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3


Group

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Group 3 - 7yr Hybrids

260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

2.1

3.3

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3


Principal Balance

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

$50,000.01 to $200,000.00

 28

  $4,187,889

  3.5%

 5.674

 5.424

 751

 64

  82.2

  86.6

89.0

  84.0

8.1

7.9

$200,000.01 to $350,000.00

 43

 11,838,704

  9.9

 5.670

 5.420

 752

 70

  84.6

  75.7

95.1

  93.6

0.0

6.4

$350,000.01 to $500,000.00

 98

 41,797,868

 34.8

 5.696

 5.446

 740

 74

  83.7

  36.4

87.4

  98.0

1.0

1.0

$500,000.01 to $650,000.00

 54

 30,942,342

 25.8

 5.628

 5.378

 736

 75

  87.5

  33.4

92.6

  91.1

3.5

5.4

$650,000.01 to $800,000.00

 22

 15,545,376

 12.9

 5.640

 5.390

 750

 75

  86.0

  18.5

  100.0

  90.6

4.6

4.7

$800,000.01 to $950,000.00

 8

  6,998,190

  5.8

 5.589

 5.339

 752

 78

  87.7

  37.9

  100.0

 100.0

0.0

0.0

$950,000.01 to $1,100,000.00

 4

  3,969,382

  3.3

 5.625

 5.375

 765

 71

  49.7

  25.2

100.0

 100.0

0.0

0.0

$1,100,000.01 to $1,250,000.00

 1

  1,220,000

  1.0

 5.875

 5.625

 769

 80

 100.0

 100.0

 100.0

 100.0

0.0

0.0

$1,250,000.01 to $1,400,000.00

 1

  1,298,402

  1.1

 4.875

 4.625

 736

 65

0.0

 100.0

 100.0

 100.0

0.0

0.0

$2,300,000.01 to $2,450,000.00

 1

  2,345,000

  2.0

 5.875

 5.625

 721

 70

 100.0

 100.0

 100.0

 100.0

0.0

0.0

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3


Current Rate

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

4.250% to 4.499%

 1

$544,000

  0.5%

 4.375

 4.125

 696

 80

 100.0

 100.0

 100.0

  0.0

 100.0

0.0

4.750% to 4.999%

 3

  2,613,350

  2.2

 4.857

 4.607

 752

 72

  50.3

  49.7

 100.0

  100.0

0.0

0.0

5.000% to 5.249%

 14

  6,505,002

  5.4

 5.107

 4.857

 736

 69

  62.2

  63.7

 100.0

  100.0

0.0

0.0

5.250% to 5.499%

 27

 12,056,017

 10.0

 5.325

 5.075

 749

 70

  65.1

  51.0

  93.5

87.7

  12.3

0.0

5.500% to 5.749%

 79

 36,924,663

 30.7

 5.567

 5.317

 749

 73

  85.9

  43.9

  90.1

95.0

1.5

3.5

5.750% to 5.999%

 107

 48,710,589

 40.5

 5.807

 5.557

 742

 75

  89.6

  35.8

  92.3

95.4

0.0

4.6

6.000% to 6.249%

 20

  8,608,606

  7.2

 6.068

 5.818

 734

 78

  88.4

  35.6

  95.1

95.6

0.0

4.4

6.250% to 6.499%

 8

  3,638,424

  3.0

 6.274

 6.024

 719

 75

  89.1

  17.8

 100.0

  100.0

0.0

0.0

6.500% to 6.749%

 1

542,500

  0.5

 6.500

 6.250

 722

 70

 100.0

0.0

 100.0

  100.0

0.0

0.0

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3


Original Term

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

360

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

2.1

3.3

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3


Age

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0

 18

  $9,955,264

  8.3%

 5.655

 5.405

 745

 74

  90.1

  48.1

 100.0

  56.8

24.2

  19.0

1

 156

 78,819,032

 65.6

 5.649

 5.399

 741

 75

  83.3

  30.0

  91.7

  97.4

0.0

2.6

2

 73

 26,069,127

 21.7

 5.696

 5.446

 750

 72

  86.0

  60.5

  93.3

 100.0

0.0

0.0

3

 11

  4,211,169

  3.5

 5.639

 5.389

 745

 71

  73.2

 100.0

  93.3

  96.2

3.8

0.0

4

 2

  1,088,560

  0.9

 5.286

 5.036

 729

 52

  35.5

 100.0

 100.0

 100.0

0.0

0.0

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3


Original Loan-To-Value Ratio

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0.001% to 20.000%

 1

 $60,150

  0.1%

 6.000

 5.750

 705

 17

 100.0

 100.0

 100.0

 100.0

0.0

0.0

30.001% to 40.000%

 8

  1,914,359

  1.6

 5.563

 5.313

 764

 34

  88.0

  71.1

 100.0

 61.7

9.4

  28.9

40.001% to 50.000%

 9

  3,745,855

  3.1

 5.550

 5.300

 748

 44

  63.0

  49.7

 100.0

100.0

0.0

0.0

50.001% to 60.000%

 15

  5,479,054

  4.6

 5.523

 5.273

 736

 56

  74.3

  60.9

  90.8

100.0

0.0

0.0

60.001% to 70.000%

 39

 20,995,858

 17.5

 5.585

 5.335

 743

 66

  72.6

  42.5

  96.9

 93.5

2.0

4.5

70.001% to 75.000%

 26

 11,168,186

  9.3

 5.669

 5.419

 734

 73

  80.8

  49.4

  88.8

100.0

0.0

0.0

75.001% to 80.000%

 161

 76,599,689

 63.8

 5.690

 5.440

 745

 80

  88.7

  36.9

  91.9

 94.3

2.6

3.2

85.001% to 90.000%

 1

180,000

  0.1

 5.750

 5.500

 726

 90

 100.0

 100.0

 100.0

100.0

0.0

0.0

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3


Current Loan-To-Value Ratio

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0.001% to 20.000%

 1

 $60,150

  0.1%

 6.000

 5.750

 705

 17

 100.0

 100.0

 100.0

 100.0

0.0

0.0

20.001% to 30.000%

 1

158,883

  0.1

 5.875

 5.625

 802

 25

 100.0

0.0

 100.0

100.0

0.0

0.0

30.001% to 40.000%

 8

  1,914,359

  1.6

 5.563

 5.313

 764

 34

  88.0

  71.1

 100.0

 61.7

9.4

  28.9

40.001% to 50.000%

 9

  3,745,855

  3.1

 5.550

 5.300

 748

 44

  63.0

  49.7

 100.0

100.0

0.0

0.0

50.001% to 60.000%

 15

  5,479,054

  4.6

 5.523

 5.273

 736

 56

  74.3

  60.9

  90.8

100.0

0.0

0.0

60.001% to 70.000%

 39

 20,995,858

 17.5

 5.585

 5.335

 743

 66

  72.6

  42.5

  96.9

 93.5

2.0

4.5

70.001% to 75.000%

 26

 11,168,186

  9.3

 5.669

 5.419

 734

 73

  80.8

  49.4

  88.8

100.0

0.0

0.0

75.001% to 80.000%

 160

 76,440,807

 63.6

 5.690

 5.440

 744

 80

  88.7

  37.0

  91.9

 94.3

2.6

3.2

85.001% to 90.000%

 1

180,000

  0.1

 5.750

 5.500

 726

 90

 100.0

 100.0

 100.0

100.0

0.0

0.0

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3


FICO Score

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

640 to 679

 12

  $5,445,844

  4.5%

 5.658

 5.408

 669

 73

  77.0

  92.7

 100.0

 100.0

0.0

0.0

680 to 699

 18

  7,648,779

  6.4

 5.555

 5.305

 689

 76

  79.9

  92.9

 100.0

  83.3

7.1

9.6

700 to 719

 43

 20,201,999

 16.8

 5.772

 5.522

 710

 75

  84.5

  25.8

  93.5

  93.2

0.0

6.8

720 to 759

 89

 42,769,619

 35.6

 5.645

 5.395

 739

 73

  84.9

  40.6

  97.3

  96.4

1.6

1.9

760 to 799

 86

 39,413,927

 32.8

 5.629

 5.379

 779

 75

  83.2

  34.0

  86.8

  95.6

3.4

1.1

800 to 819

 12

  4,662,983

  3.9

 5.650

 5.400

 804

 67

  86.7

  30.1

  79.9

  88.1

0.0

  11.9

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3


States

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

AZ

 10

  $2,991,171

  2.5%

 5.869

 5.619

 762

 73

 100.0

  29.7

  77.5

  78.3

  0.0

  21.7

CA

 110

 59,178,608

 49.3

 5.680

 5.430

 740

 74

  86.2

  39.1

  95.8

  91.4

4.1

4.5

CO

 7

  4,908,574

  4.1

 5.560

 5.310

 761

 76

  85.3

  30.7

 100.0

  94.6

0.0

5.4

CT

 8

  3,643,349

  3.0

 5.380

 5.130

 733

 62

  87.9

  19.6

 100.0

 100.0

0.0

0.0

DC

 3

866,925

  0.7

 5.412

 5.162

 783

 73

  38.2

 100.0

 100.0

 100.0

0.0

0.0

FL

 12

  5,585,656

  4.6

 5.736

 5.486

 749

 77

 100.0

  18.6

  50.1

 100.0

0.0

0.0

GA

 6

  1,591,848

  1.3

 5.582

 5.332

 746

 73

  61.8

 100.0

 100.0

 100.0

0.0

0.0

HI

 1

660,000

  0.5

 5.750

 5.500

 774

 80

 100.0

0.0

 100.0

 100.0

0.0

0.0

ID

 1

384,000

  0.3

 5.625

 5.375

 764

 80

 100.0

0.0

0.0

 100.0

0.0

0.0

IL

 11

  3,781,916

  3.1

 5.683

 5.433

 738

 76

  96.8

  64.2

  92.2

  96.1

0.0

3.9

MA

 10

  4,675,234

  3.9

 5.516

 5.266

 738

 74

  77.2

  42.4

  90.8

 100.0

0.0

0.0

MD

 14

  2,915,255

  2.4

 5.622

 5.372

 725

 71

  82.5

  91.8

 100.0

 100.0

0.0

0.0

ME

 1

109,276

  0.1

 5.875

 5.625

 792

 64

0.0

0.0

 100.0

 100.0

0.0

0.0

MN

 2

915,055

  0.8

 5.824

 5.574

 728

 80

0.0

0.0

 100.0

 100.0

0.0

0.0

NC

 4

  1,418,210

  1.2

 5.692

 5.442

 770

 78

 100.0

  23.8

  87.5

  88.7

  11.3

0.0

NJ

 4

  1,781,655

  1.5

 5.579

 5.329

 737

 75

  47.9

0.0

 100.0

 100.0

0.0

0.0

NV

 7

  3,863,649

  3.2

 5.512

 5.262

 768

 74

  55.3

  56.1

  76.2

 100.0

0.0

0.0

NY

 6

  3,630,534

  3.0

 5.916

 5.666

 757

 72

  59.5

  11.0

 100.0

 100.0

0.0

0.0

OH

 4

  1,679,240

  1.4

 5.853

 5.603

 773

 74

 100.0

  82.1

 100.0

 100.0

0.0

0.0

OR

 3

  1,130,800

  0.9

 5.463

 5.213

 724

 80

 100.0

  52.6

 100.0

  83.8

0.0

  16.2

PA

 1

588,000

  0.5

 5.625

 5.375

 750

 80

 100.0

 100.0

 100.0

 100.0

0.0

0.0

TX

 3

837,238

  0.7

 5.322

 5.072

 710

 80

  43.5

 100.0

 100.0

 100.0

0.0

0.0

UT

 2

852,000

  0.7

 5.691

 5.441

 726

 75

 100.0

  47.5

 100.0

 100.0

0.0

0.0

VA

 21

  7,530,545

  6.3

 5.708

 5.458

 742

 71

  85.6

  50.3

  97.9

 100.0

0.0

0.0

VT

 1

284,038

  0.2

 5.375

 5.125

 792

 79

0.0

 100.0

0.0

 100.0

0.0

0.0

WA

 7

  3,880,893

  3.2

 5.506

 5.256

 723

 79

 100.0

  49.4

 100.0

 100.0

0.0

0.0

WY

 1

459,485

  0.4

 5.375

 5.125

 743

 65

0.0

0.0

 100.0

 100.0

0.0

0.0

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3


Index

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

1 YR CMT

 6

  $2,570,000

  2.1%

 5.181

 4.931

 759

 74

 100.0

  83.6

 100.0

0.0

 100.0

0.0

1 YR LIBOR

 244

113,648,892

 94.6

 5.663

 5.413

 743

 74

  83.7

  40.0

  92.4

 100.0

0.0

0.0

6 MO LIBOR

 10

  3,924,260

  3.3

 5.758

 5.508

 734

 70

  71.5

  49.1

 100.0

0.0

0.0

 100.0

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3


Margin

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

2.250%

 254

$117,573,152

 97.9%

 5.666

 5.416

 743

 74

  83.3

  40.3

  92.7

  96.7

  0.0

3.3

2.750%

 6

  2,570,000

  2.1

 5.181

 4.931

 759

 74

 100.0

  83.6

 100.0

0.0

  100.0

0.0

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3


Caps

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

5/2/5

 249

$115,499,692

 96.1%

 5.649

 5.399

 744

 74

  84.0

  41.2

  92.5

  97.8

 2.2

0.0

6/2/6

 11

  4,643,460

  3.9

 5.834

 5.584

 731

 72

  75.9

  41.5

 100.0

  15.5

0.0

  84.5

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3


Max Rate

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

9.000% to 9.499%

 1

$544,000

  0.5%

 4.375

 4.125

 696

 80

 100.0

 100.0

 100.0

  0.0

 100.0

0.0

9.500% to 9.999%

 3

  2,613,350

  2.2

 4.857

 4.607

 752

 72

  50.3

  49.7

 100.0

  100.0

0.0

0.0

10.000% to 10.499%

 41

 18,561,019

 15.4

 5.249

 4.999

 744

 70

  64.1

  55.5

  95.8

 92.0

8.0

0.0

10.500% to 10.999%

 178

 82,086,333

 68.3

 5.703

 5.453

 746

 74

  88.9

  38.9

  91.0

 99.3

0.7

0.0

11.000% to 11.499%

 25

 11,152,491

  9.3

 6.126

 5.876

 729

 77

  87.5

  32.0

  96.2

100.0

0.0

0.0

11.500% to 11.999%

 10

  4,810,620

  4.0

 5.896

 5.646

 729

 71

  76.8

  37.0

 100.0

 26.2

0.0

  73.8

12.000% to 12.499%

 2

375,340

  0.3

 6.000

 5.750

 747

 80

 100.0

  39.8

 100.0

  0.0

0.0

 100.0

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3


Months to Roll

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

80

 2

  $1,088,560

  0.9%

 5.286

 5.036

 729

 52

  35.5

 100.0

 100.0

 100.0

  0.0

0.0

81

 11

  4,211,169

  3.5

 5.639

 5.389

 745

 71

  73.2

 100.0

  93.3

  96.2

3.8

0.0

82

 73

 26,069,127

 21.7

 5.696

 5.446

 750

 72

  86.0

  60.5

  93.3

 100.0

0.0

0.0

83

 156

 78,819,032

 65.6

 5.649

 5.399

 741

 75

  83.3

  30.0

  91.7

  97.4

0.0

2.6

84

 18

  9,955,264

  8.3

 5.655

 5.405

 745

 74

  90.1

  48.1

 100.0

  56.8

  24.2

  19.0

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3


Property Type

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

2-4 Family

 2

  $1,970,853

  1.6%

 5.435

 5.185

 778

 72

  49.3

  50.7

 100.0

 100.0

0.0

0.0

Condominium

29

 11,185,372

  9.3

 5.607

 5.357

 751

 77

  86.7

  31.9

  73.8

 100.0

0.0

0.0

Planned Unit Development

 77

 34,467,640

 28.7

 5.649

 5.399

 744

 74

  79.7

  45.1

 92.4

  96.9

1.7

1.4

Single Family

 152

 72,519,287

 60.4

 5.673

 5.423

 741

 73

  86.0

  40.6

  95.8

92.5

2.7

4.7

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3


Occupancy Code

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Primary Residence

 239

$111,529,067

 92.8%

 5.654

 5.404

 742

 74

  83.5

  42.5

 100.0

  94.2

2.3

3.5

Second Home

21

  8,614,085

  7.2

 5.681

 5.431

 760

 76

  85.9

  25.3

0.0

 100.0

0.0

0.0

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3


Purpose

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Cash Out Refinance

 31

  $8,185,449

  6.8%

 5.730

 5.480

 745

 61

  88.3

  55.7

 100.0

  70.9

7.4

  21.7

Purchase

 161

 81,679,287

 68.0

 5.653

 5.403

 747

 77

  83.7

  33.4

  89.5

  95.6

  1.7

2.6

Rate Term Refinance

 68

 30,278,415

 25.2

 5.645

 5.395

 733

 69

  82.4

  58.3

 100.0

  98.2

1.8

0.0

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3


Documentation Type

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Full Documentation

 122

 $49,530,077

 41.2%

 5.592

 5.342

 733

 72

  79.5

 100.0

  95.6

  91.8

4.3

3.9

Stated Documentation

 138

 70,613,075

 58.8

 5.701

 5.451

 750

 75

  86.6

0.0

  90.9

  96.6

0.6

2.8

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3


Prepayment Penalty Terms

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0

 232

$106,481,435

 88.6%

 5.663

 5.413

 743

 74

  82.9

  43.0

  93.3

  95.1

 2.4

2.5

12

 16

  8,185,998

  6.8

 5.630

 5.380

 758

 74

  94.8

5.5

  81.6

 100.0

0.0

0.0

36

 9

  3,986,720

  3.3

 5.702

 5.452

 728

 72

  75.7

  45.1

 100.0

  69.3

0.0

  30.7

60

 3

  1,489,000

  1.2

 5.185

 4.935

 706

 70

 100.0

 100.0

 100.0

 100.0

0.0

0.0

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3


Interest Only

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

N

 43

 $19,589,894

 16.3%

 5.510

 5.260

 743

 70

0.0

  51.9

  93.8

  94.3

 0.0

5.7

Y

 217

100,553,258

 83.7

 5.685

 5.435

 743

 74

 100.0

  39.2

  92.6

  94.7

2.6

2.8

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3


Interest Only Terms

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0

 43

 $19,589,894

 16.3%

 5.510

 5.260

 743

 70

0.0

  51.9

  93.8

  94.3

 0.0

5.7

84

 208

 96,533,258

 80.3

 5.683

 5.433

 743

 75

 100.0

  38.7

  92.3

  97.8

1.9

0.2

120

 9

  4,020,000

  3.3

 5.731

 5.481

 746

 72

 100.0

  51.2

 100.0

  17.9

17.9

  64.2

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3


Mortgage Insurance

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

CurrLTV <= 80

 259

$119,963,152

 99.9%

 5.656

 5.406

 743

 74

  83.7

  41.1

  92.8

  94.6

2.1

3.3

CurrLTV > 80 and Insured

 1

180,000

  0.1

 5.750

 5.500

 726

 90

 100.0

 100.0

100.0

 100.0

0.0

0.0

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3


Servicer

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Countrywide

175

$96,386,858

 80.2%

 5.658

 5.408

 742

 75

  83.9

  34.3

  92.1

 100.0

0.0

0.0

Countrywide Sub-serviced

18

  8,103,884

  6.7

 5.660

 5.410

 740

 73

  81.3

  48.3

 100.0

  21.8

  29.7

  48.4

National City Mortgage

 67

 15,652,410

 13.0

 5.644

 5.394

 753

 69

  83.6

  79.9

  93.4

  99.0

1.0

0.0

Total:

 260

$120,143,152

100.0%

 5.656

 5.406

 743

 74

  83.7

  41.2

  92.8

  94.6

  2.1

3.3




Stats

Count: 384

Current Balance: $179,260,292

Average Current Balance: $466,824

Gross Weighted Average Coupon: 5.665%

Net Weighted Average Coupon: 5.415%

Weighted Average Expense Rate: 0.250%

Weighted Average Expense Rate - after Reset: 0.250%

Original Term: 360

Remaining Term: 358

Age: 2

Original Loan-to-Value Ratio: 71.79%

Current Loan-to-Value Ratio: 71.29%

Margin: 2.664%

Net Margin: 2.414%

Non-Zero Initial Periodic Cap: 5.010%

Non-Zero Subsequent Periodic Cap: 2.000%

Lifetime Cap: 5.010%

Maximum Interest Rate: 10.675%

Months to Next Roll: 118

FICO Score: 744

Max Zip Code Percentage: 1.084%

Final Maturity: 2035-07-01


Product Type

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

10/1 ARM

 380

$177,538,512

 99.0%

 5.660

 5.410

 744

 71

  78.5

  25.5

  88.6

  16.7

  83.3

0.0

10/6 ARM

 4

  1,721,781

  1.0

 6.154

 5.904

 742

 80

  71.0

  51.1

 100.0

0.0

  0.0

 100.0

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


Group

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Group 4 - 10yr Hybrids

384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

  82.5

1.0

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


Principal Balance

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Lower than $50,000.00

 2

 $56,556

  0.0%

 5.640

 5.390

 778

 19

0.0

  88.2

88.2

  88.2

  11.8

0.0

$50,000.01 to $200,000.00

 32

  4,798,335

  2.7

 5.726

 5.476

 760

 59

  94.9

  81.8

 100.0

  87.3

  12.7

0.0

$200,000.01 to $350,000.00

 55

 15,038,731

  8.4

 5.817

 5.567

 742

 69

  90.4

  83.2

92.0

  91.0

7.0

1.9

$350,000.01 to $500,000.00

 160

 69,986,275

 39.0

 5.691

 5.441

 745

 72

  72.1

  16.5

85.7

6.6

  92.1

1.3

$500,000.01 to $650,000.00

 89

 51,558,320

 28.8

 5.682

 5.432

 743

 71

  84.7

  13.4

86.6

8.5

  90.4

1.1

$650,000.01 to $800,000.00

 23

 16,661,273

  9.3

 5.525

 5.275

 728

 71

  69.2

  26.5

  100.0

0.0

 100.0

0.0

$800,000.01 to $950,000.00

 13

 11,202,419

  6.2

 5.580

 5.330

 780

 76

  69.9

7.2

92.0

  15.7

  84.3

0.0

$950,000.01 to $1,100,000.00

 9

  8,838,384

  4.9

 5.440

 5.190

 719

 69

  89.1

  55.5

100.0

  11.3

  88.7

0.0

$1,100,000.01 to $1,250,000.00

 1

  1,120,000

  0.6

 5.750

 5.500

 659

 70

 100.0

 100.0

0.0

0.0

 100.0

0.0

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


Current Rate

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

4.500% to 4.749%

 1

  $1,000,000

  0.6%

 4.625

 4.375

 664

 45

 100.0

0.0

 100.0

  0.0

 100.0

0.0

4.750% to 4.999%

 3

  1,573,443

  0.9

 4.837

 4.587

 755

 64

  38.1

  38.1

 100.0

0.0

 100.0

0.0

5.000% to 5.249%

 13

  7,959,651

  4.4

 5.091

 4.841

 748

 73

  72.5

  32.5

 100.0

2.5

  97.5

0.0

5.250% to 5.499%

 41

 20,598,481

 11.5

 5.328

 5.078

 739

 70

  67.3

  24.9

  97.5

10.4

  89.6

0.0

5.500% to 5.749%

 112

 53,405,844

 29.8

 5.571

 5.321

 754

 72

  71.1

  22.6

  93.0

15.7

  84.3

0.0

5.750% to 5.999%

 162

 75,606,164

 42.2

 5.812

 5.562

 741

 71

  84.3

  24.7

  79.8

15.7

  84.3

0.0

6.000% to 6.249%

 41

 16,193,893

  9.0

 6.032

 5.782

 730

 71

  91.2

  36.2

  95.9

30.5

  60.6

8.8

6.250% to 6.499%

 10

  2,632,665

  1.5

 6.260

 6.010

 721

 71

 100.0

  47.7

 100.0

83.3

  16.7

0.0

6.750% to 6.999%

 1

290,150

  0.2

 6.750

 6.500

 699

 80

 100.0

0.0

 100.0

0.0

0.0

 100.0

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


Original Term

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

360

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

  82.5

1.0

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


Age

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0

 13

  $6,822,231

  3.8%

 5.582

 5.332

 761

 69

  92.7

  69.5

 100.0

  17.2

57.5

  25.2

1

 48

 21,862,017

 12.2

 5.716

 5.466

 758

 73

  96.0

  40.4

  86.1

  61.1

  38.9

0.0

2

 304

142,095,945

 79.3

 5.671

 5.421

 743

 71

  75.6

  18.8

  88.8

9.3

  90.7

0.0

3

 16

  7,116,366

  4.0

 5.520

 5.270

 696

 70

  70.4

  69.4

  87.8

  13.6

  86.4

0.0

4

 1

300,001

  0.2

 5.250

 5.000

 789

 51

 100.0

 100.0

 100.0

 100.0

0.0

0.0

6

 1

413,733

  0.2

 5.500

 5.250

 721

 70

0.0

0.0

0.0

0.0

 100.0

0.0

10

 1

650,000

  0.4

 5.500

 5.250

 698

 74

 100.0

 100.0

 100.0

 100.0

0.0

0.0

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


Original Loan-To-Value Ratio

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0.001% to 20.000%

 3

  $1,105,000

  0.6%

 5.451

 5.201

 718

 19

 100.0

  32.1

 100.0

0.0

 100.0

0.0

20.001% to 30.000%

 7

  2,007,343

  1.1

 5.651

 5.401

 747

 27

  97.5

  60.3

 100.0

 19.9

  80.1

0.0

30.001% to 40.000%

 5

  1,948,081

  1.1

 5.705

 5.455

 737

 37

 100.0

  41.0

 100.0

 74.4

  25.6

0.0

40.001% to 50.000%

 22

  8,084,605

  4.5

 5.599

 5.349

 730

 46

  82.9

  19.6

  88.1

 23.9

  76.1

0.0

50.001% to 60.000%

 34

 15,215,555

  8.5

 5.694

 5.444

 718

 55

  77.7

  38.4

  88.9

 14.4

  85.6

0.0

60.001% to 70.000%

 59

 30,645,076

 17.1

 5.639

 5.389

 737

 67

  72.6

  24.1

  84.2

 10.8

  89.2

0.0

70.001% to 75.000%

 46

 22,750,982

 12.7

 5.719

 5.469

 737

 73

  90.1

  31.4

  85.6

 29.3

  70.7

0.0

75.001% to 80.000%

 202

 95,638,026

 53.4

 5.662

 5.412

 753

 79

  76.4

  21.8

  90.2

 13.8

  84.4

1.8

80.001% to 85.000%

 2

568,748

  0.3

 5.669

 5.419

 691

 81

  78.4

 100.0

 100.0

 21.6

  78.4

0.0

85.001% to 90.000%

 1

470,977

  0.3

 5.625

 5.375

 692

 90

0.0

0.0

 100.0

  0.0

 100.0

0.0

90.001% to 95.000%

 3

825,900

  0.5

 5.938

 5.688

 737

 94

 100.0

  56.1

 100.0

 56.1

  43.9

0.0

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


Current Loan-To-Value Ratio

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0.001% to 20.000%

 4

  $1,111,663

  0.6%

 5.453

 5.203

 718

 18

  99.4

  31.9

  99.4

0.0

 100.0

0.0

20.001% to 30.000%

 10

  2,514,089

  1.4

 5.613

 5.363

 749

 27

  98.0

  55.3

 100.0

 15.9

  84.1

0.0

30.001% to 40.000%

 5

  1,948,081

  1.1

 5.705

 5.455

 737

 37

 100.0

  41.0

 100.0

 74.4

  25.6

0.0

40.001% to 50.000%

 24

  8,885,504

  5.0

 5.610

 5.360

 733

 46

  84.5

  17.9

  89.3

 21.7

  78.3

0.0

50.001% to 60.000%

 36

 16,265,555

  9.1

 5.705

 5.455

 719

 55

  79.1

  35.9

  87.1

 13.5

  86.5

0.0

60.001% to 70.000%

 59

 30,795,576

 17.2

 5.640

 5.390

 738

 67

  72.7

  24.0

  84.2

 10.8

  89.2

0.0

70.001% to 75.000%

 44

 22,236,308

 12.4

 5.722

 5.472

 736

 74

  89.9

  32.2

  87.0

 30.0

  70.0

0.0

75.001% to 80.000%

 197

 94,084,054

 52.5

 5.660

 5.410

 753

 80

  76.0

  22.4

  90.0

 14.0

  84.2

1.8

80.001% to 85.000%

 1

122,585

  0.1

 5.375

 5.125

 746

 85

0.0

 100.0

 100.0

100.0

0.0

0.0

85.001% to 90.000%

 1

470,977

  0.3

 5.625

 5.375

 692

 90

0.0

0.0

 100.0

  0.0

 100.0

0.0

90.001% to 95.000%

 3

825,900

  0.5

 5.938

 5.688

 737

 94

 100.0

  56.1

 100.0

 56.1

  43.9

0.0

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


FICO Score

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

620 to 639

 5

  $2,616,852

  1.5%

 5.653

 5.403

 634

 65

  16.0

  84.0

  80.6

0.0

 100.0

0.0

640 to 679

 61

 32,623,363

 18.2

 5.658

 5.408

 669

 65

  77.2

  59.3

  87.0

5.7

  94.3

0.0

680 to 699

 26

 10,419,701

  5.8

 5.798

 5.548

 690

 77

  91.0

  36.9

  93.7

  51.4

  45.8

2.8

700 to 719

 20

  8,283,355

  4.6

 5.763

 5.513

 710

 72

  83.9

  24.0

  92.2

  35.7

  64.3

0.0

720 to 759

 87

 38,929,547

 21.7

 5.679

 5.429

 741

 73

  77.1

  17.7

  89.0

  18.6

  79.0

2.4

760 to 799

 147

 68,005,138

 37.9

 5.659

 5.409

 780

 72

  77.0

  11.8

  90.8

  15.4

  83.9

0.7

800 to 819

 38

 18,382,336

 10.3

 5.553

 5.303

 806

 73

  88.4

  21.1

  80.4

9.9

  90.1

0.0

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


States

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

AL

 1

$499,900

  0.3%

 5.625

 5.375

 793

 68

 100.0

0.0

 100.0

0.0

100.0

0.0

AZ

 7

  2,261,741

  1.3

 5.759

 5.509

 730

 63

  57.1

  19.5

  81.4

  19.5

  80.5

0.0

CA

 168

 91,831,392

 51.2

 5.683

 5.433

 742

 71

  86.5

  23.9

  91.1

  15.3

  83.6

1.1

CO

 10

  4,841,624

  2.7

 5.517

 5.267

 766

 75

  53.8

5.6

  83.0

5.6

  94.4

0.0

DC

 5

  2,634,914

  1.5

 5.302

 5.052

 725

 65

  72.6

  18.8

 100.0

  18.8

  81.2

0.0

DE

 1

446,544

  0.2

 5.875

 5.625

 788

 63

0.0

0.0

 100.0

0.0

 100.0

0.0

FL

 19

  7,892,398

  4.4

 5.654

 5.404

 748

 70

  72.7

  12.9

  43.5

6.4

  93.6

0.0

GA

 16

  4,475,076

  2.5

 5.668

 5.418

 765

 71

  75.4

  47.4

 100.0

  47.4

  52.6

0.0

IL

 6

  2,708,740

  1.5

 5.659

 5.409

 786

 79

  78.0

  12.8

  82.5

  12.8

  87.2

0.0

MA

 7

  4,301,509

  2.4

 5.450

 5.200

 735

 69

  53.8

  27.2

 100.0

0.0

 100.0

0.0

MD

 27

  9,925,730

  5.5

 5.705

 5.455

 736

 70

  97.6

  57.4

  97.5

  41.7

  58.3

0.0

MI

 4

941,076

  0.5

 5.840

 5.590

 732

 66

  64.2

  57.5

  57.5

  57.5

  42.5

0.0

MN

 7

  3,280,986

  1.8

 5.561

 5.311

 697

 77

  53.5

  49.5

 100.0

0.0

  91.2

8.8

MO

 4

  1,210,033

  0.7

 5.542

 5.292

 740

 71

 100.0

5.0

  57.8

5.0

  95.0

0.0

NC

 6

  2,333,521

  1.3

 5.556

 5.306

 776

 73

  68.2

  27.0

  90.5

  27.0

  73.0

0.0

NJ

 10

  4,926,020

  2.7

 5.751

 5.501

 734

 65

  66.8

  25.9

  77.7

4.3

  95.7

0.0

NV

 4

  1,451,341

  0.8

 5.689

 5.439

 714

 76

  45.0

  43.5

  71.9

  16.9

  83.1

0.0

NY

 13

  6,469,400

  3.6

 5.705

 5.455

 740

 74

  78.6

6.9

  84.0

0.0

 100.0

0.0

OH

 3

  1,056,160

  0.6

 5.500

 5.250

 753

 77

  12.6

  12.6

 100.0

  12.6

  87.4

0.0

OK

 1

429,883

  0.2

 5.000

 4.750

 804

 80

0.0

0.0

 100.0

0.0

 100.0

0.0

OR

 2

645,019

  0.4

 5.646

 5.396

 780

 79

 100.0

0.0

 100.0

  23.3

  76.7

0.0

PA

 10

  4,181,676

  2.3

 5.690

 5.440

 735

 76

  49.3

  36.6

 100.0

  23.5

  76.5

0.0

SC

 1

600,000

  0.3

 5.875

 5.625

 790

 71

 100.0

0.0

0.0

0.0

 100.0

0.0

TX

 4

  1,515,277

  0.8

 5.687

 5.437

 772

 80

  74.9

  14.2

 100.0

  14.2

  85.8

0.0

VA

 39

 14,028,183

  7.8

 5.734

 5.484

 747

 74

  80.0

  36.5

  91.0

  29.9

  67.4

2.7

WA

 6

  2,583,119

  1.4

 5.609

 5.359

 753

 68

  65.1

0.0

 100.0

0.0

 100.0

0.0

WI

 3

  1,789,030

  1.0

 5.458

 5.208

 735

 73

0.0

  26.1

 100.0

0.0

 100.0

0.0

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


Index

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

1 YR CMT

 280

$147,837,744

 82.5%

 5.638

 5.388

 744

 71

  75.6

  15.9

  87.8

0.0

 100.0

0.0

1 YR LIBOR

 100

 29,700,768

 16.6

 5.772

 5.522

 744

 70

  92.9

  73.3

  92.5

 100.0

0.0

0.0

6 MO LIBOR

 4

  1,721,781

  1.0

 6.154

 5.904

 742

 80

  71.0

  51.1

 100.0

0.0

0.0

 100.0

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


Margin

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

2.250%

 103

 $30,861,748

 17.2%

 5.799

 5.549

 743

 71

  91.6

  71.5

  92.8

  94.4

  0.0

5.6

2.750%

 281

148,398,544

 82.8

 5.637

 5.387

 744

 71

  75.7

  16.3

  87.9

0.4

99.6

0.0

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


Caps

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

5/2/5

 380

$177,538,512

 99.0%

 5.660

 5.410

 744

 71

  78.5

  25.5

  88.6

  16.7

83.3

0.0

6/2/6

 4

  1,721,781

  1.0

 6.154

 5.904

 742

 80

  71.0

  51.1

 100.0

0.0

0.0

 100.0

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


Max Rate

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

9.500% to 9.999%

 4

  $2,573,443

  1.4%

 4.755

 4.505

 719

 56

  62.2

  23.3

 100.0

  0.0

 100.0

0.0

10.000% to 10.499%

 54

 28,558,133

 15.9

 5.262

 5.012

 742

 71

  68.8

  27.0

  98.2

  8.2

  91.8

0.0

10.500% to 10.999%

 274

129,012,008

 72.0

 5.712

 5.462

 747

 72

  78.8

  23.8

  85.3

 15.7

  84.3

0.0

11.000% to 11.499%

 48

 17,394,928

  9.7

 6.066

 5.816

 727

 70

  94.7

  35.9

  96.2

 41.0

  59.0

0.0

12.000% to 12.499%

 3

  1,431,631

  0.8

 6.033

 5.783

 751

 80

  65.1

  61.4

 100.0

  0.0

0.0

 100.0

12.500% to 12.999%

 1

290,150

  0.2

 6.750

 6.500

 699

 80

 100.0

0.0

 100.0

  0.0

0.0

 100.0

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


Months to Roll

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

110

 1

$650,000

  0.4%

 5.500

 5.250

 698

 74

 100.0

 100.0

 100.0

 100.0

0.0

0.0

114

 1

413,733

  0.2

 5.500

 5.250

 721

 70

0.0

0.0

0.0

0.0

 100.0

0.0

116

 1

300,001

  0.2

 5.250

 5.000

 789

 51

 100.0

 100.0

 100.0

 100.0

 0.0

0.0

117

 16

  7,116,366

  4.0

 5.520

 5.270

 696

 70

  70.4

  69.4

  87.8

  13.6

86.4

0.0

118

 304

142,095,945

 79.3

 5.671

 5.421

 743

 71

  75.6

  18.8

  88.8

9.3

90.7

0.0

119

 48

 21,862,017

 12.2

 5.716

 5.466

 758

 73

  96.0

  40.4

  86.1

  61.1

38.9

0.0

120

 13

  6,822,231

  3.8

 5.582

 5.332

 761

 69

  92.7

  69.5

 100.0

  17.2

57.5

  25.2

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


Property Type

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

2-4 Family

 3

  $1,701,011

  0.9%

 5.752

 5.502

 768

 80

 100.0

0.0

 100.0

0.0

 100.0

0.0

Condominium

61

 27,405,473

 15.3

 5.676

 5.426

 745

 72

  74.0

  25.3

  74.3

  15.4

  84.6

0.0

Co-op

 5

  2,166,785

  1.2

 5.681

 5.431

 735

 81

  56.5

0.0

 100.0

0.0

 100.0

0.0

Planned Unit Development

 28

  7,128,142

  4.0

 5.829

 5.579

 744

 68

  87.1

  88.8

 97.1

  87.7

7.0

5.3

Single Family

 287

140,858,882

 78.6

 5.654

 5.404

 743

 71

  79.0

  23.4

  90.8

13.6

  85.4

1.0

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


Occupancy Code

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Investment

 5

  $2,286,459

  1.3%

 5.618

 5.368

 673

 64

0.0

  81.9

0.0

0.0

 100.0

0.0

Primary Residence

 341

159,075,472

 88.7

 5.654

 5.404

 744

 71

  79.3

  25.7

 100.0

17.3

  81.6

1.1

Second Home

38

 17,898,361

 10.0

 5.770

 5.520

 753

 73

  80.5

  19.5

0.0

  12.4

  87.6

0.0

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


Purpose

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Cash Out Refinance

 63

 $25,160,455

 14.0%

 5.838

 5.588

 713

 60

  87.7

  49.5

  97.9

  34.1

  62.8

3.1

Purchase

 279

137,121,965

 76.5

 5.629

 5.379

 753

 74

  76.4

  18.3

  86.3

  12.8

 86.5

0.7

Rate Term Refinance

 42

 16,977,872

  9.5

 5.701

 5.451

 709

 65

  81.1

  51.3

  94.6

  21.2

  78.8

0.0

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


Documentation Type

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Full Documentation

 126

 $46,201,551

 25.8%

 5.681

 5.431

 713

 70

  77.5

 100.0

  88.4

  47.1

  51.0

1.9

No Documentation

 63

 28,710,289

 16.0

 5.619

 5.369

 762

 65

  77.3

0.0

  92.0

0.0

 100.0

0.0

Stated Documentation

 195

104,348,452

 58.2

 5.671

 5.421

 752

 74

  79.2

0.0

  88.0

7.6

  91.6

0.8

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


Prepayment Penalty Terms

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

82.5

1.0

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


Interest Only

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

N

 79

 $38,623,272

 21.5%

 5.572

 5.322

 736

 73

0.0

  26.9

  85.1

5.4

93.3

1.3

Y

 305

140,637,020

 78.5

 5.691

 5.441

 746

 71

 100.0

  25.5

  89.7

  19.6

  79.5

0.9

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


Interest Only Terms

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

0

 79

 $38,623,272

 21.5%

 5.572

 5.322

 736

 73

0.0

  26.9

  85.1

5.4

93.3

1.3

120

 305

140,637,020

 78.5

 5.691

 5.441

 746

 71

 100.0

  25.5

  89.7

  19.6

79.5

0.9

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


Mortgage Insurance

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

CurrLTV <= 80

 379

$177,840,830

 99.2%

 5.664

 5.414

 744

 71

  78.6

  25.6

  88.7

  16.4

  82.7

1.0

CurrLTV > 80 and Insured

 5

  1,419,462

  0.8

 5.786

 5.536

 723

 92

  58.2

  41.3

100.0

  41.3

  58.7

0.0

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


Servicer

Count

Balance

Percent

GWAC

NWAC

FICO

LTV

%IO

%FullDoc

%OO

%1yrLIB

%1yrCMT

%6moLIB

Countrywide Sub-serviced

32

$17,899,387

 10.0%

 5.645

 5.395

 749

 72

  95.0

  58.4

  96.4

  61.8

  28.6

9.6

National City Mortgage

 81

 18,637,168

 10.4

 5.791

 5.541

 746

 69

  88.7

  89.4

  91.6

 100.0

0.0

0.0

Wells Fargo

 271

142,723,737

 79.6

 5.651

 5.401

 743

 72

  75.0

  13.4

  87.4

0.0

 100.0

0.0

Total:

 384

$179,260,292

100.0%

 5.665

 5.415

 744

 71

  78.5

  25.8

  88.7

  16.6

 82.5

1.0


This material is for your private information and we are not soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. Neither the issuer of the certificates nor Goldman, Sachs & Co., nor any of their affiliates makes any representation as to the accuracy or completeness of the information herein. By accepting this material the recipient agrees that it will not distribute or provide the material to any other person. The information contained in this material may not pertain to any securities that will actually be sold. The information contained in this material may be based on assumptions regarding market conditions and other matters as reflected therein. We make no representations regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes. We and our affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and buy or sell, the securities mentioned herein or derivatives thereof (including options). This material may be filed with the Securities and Exchange Commission (the “SEC”) and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including in cases where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement. Information contained in this material is current as of the date appearing on this material only. Information in this material regarding the securities and the assets backing any securities discussed herein supersedes all prior information regarding such securities and assets. Any information in this material, whether regarding the assets backing any securities discussed herein or otherwise, is preliminary and will be superseded by the applicable prospectus supplement and any other information subsequently filed with the SEC. The information contained herein will be superseded by the description of the mortgage pool contained in the prospectus supplement relating to the certificates and supersedes all information contained in any collateral term sheets relating to the mortgage pool previously provided by Goldman, Sachs & Co. In addition, we mutually agree that, subject to applicable law, you may disclose any and all aspects of any potential transaction or structure described herein that are necessary to support any U.S. federal income tax benefits, without Goldman Sachs imposing any limitation of any kind. Further information regarding this material may be obtained upon request.  This material is furnished to you solely by Goldman, Sachs & Co., acting as underwriter and not as agent of the issuer.







Single Security Calculator


Security ID:          GSR 05AR5 2A1


Deal                      GSR 05AR5                       Curr Bal               300,000,000  

Description           WAC Bond,Senior            Effv Band             N/A

Coupon                 5.209%                              Factor                   1.00000000   


Collateral

Collat Cpn

WAC

WAM

WALA

Vintage

As Of

WL

5.21

5.460

358

2

2005

8/05


Settle=08/26/05

                             25 CPB                 GS PPM              GS PPM

Curve Shift           +0                        +300                     -300

Price                     99-31+                 99-31+                 99-31+

                             -------                    ------                    -------  

Yield                    5.121                    5.732                    4.743

Lib Intrp Sprd      56.3                      106.8                    61.6

Avg Life               2.542                    4.209                   0.672

LT CPR                26.3                      19.6                     76.5


Market Levels

Pricing Date

1mo

3mo

6mo

1yr

2yr

5yr

10yr

30yr

          

US Treasury

08/10/05

 

3.510

3.780

3.900

4.121

4.239

4.392

4.579

          
 

R/T (2:15 PM)

   

41.0

4.079

4.181

4.334

4.530

          

LIBOR/Swap

08/10/05

3.570

3.780

4.013

4.290

4.504

4.684

4.840

5.054


Note: All calculations except R/T Intrp Spread and R/T Sprd/Bnch are based

on 08/10/05 close market levels.



This material has been prepared by the Fixed Income Trading/Sales Department and is not the product of the Fixed Income Research Department.  This material is for your private information, and we are not soliciting any action based upon it.  Certain transactions, including those involving futures, options and high yield securities, give rise to substantial risk and are not suitable for all investors.  Opinions expressed are our present opinions only.  The material is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such.  We, or persons involved in the preparation or issuance of this material, may, from time to time, have long or short positions in, and buy or sell, securities, futures or options identical with or related to those mentioned herein.  Further information on any of the securities, futures, or options mentioned in this material may be obtained upon request.







Single Security Calculator                         


Security ID: GSR 05AR5 2A1                 


Deal         GSR 05AR5                        Curr Bal    300,000,000  

Description  WAC Bond,Senior                  Effv Band   N/A          

Coupon       5.209%                           Factor      1.00000000   


Collateral

Collat Cpn

WAC

WAM

WALA

Vintage

As Of

WL

5.21

5.460

358

2

2005

8/05


Settle=08/26/05

                25 CPB   GS PPM   GS PPM  19.6 CPB 76.5 CPB

Curve Shift       +0      +300     -300      +0       +0    

Lib Intrp Sprd    57       57       57       57       57    

                -------  -------  -------  -------  -------

Price            99-31   101-26   100-00+  99-29+   100-00+

Yield            5.127    5.235    4.697    5.161    4.698  

Avg Life         2.542    4.209    0.672    2.913    0.674  

LT CPR           26.3     19.6     76.5     21.4     76.5   


Market Levels

Pricing Date

1mo

3mo

6mo

1yr

2yr

5yr

10yr

30yr

          

US Treasury

08/10/05

 

3.510

3.780

3.900

4.121

4.239

4.392

4.579

          
 

R/T (4:46 PM)

   

4.070

4.172

4.324

4.518

4.070

          

LIBOR/Swap

08/10/05

3.570

3.780

4.013

4.290

4.504

4.684

4.840

5.054


Note: All calculations except R/T Intrp Spread and R/T Sprd/Bnch are based

on 08/10/05 close market levels.



This material has been prepared by the Fixed Income Trading/Sales Department and is not the product of the Fixed Income Research Department.  This material is for your private information, and we are not soliciting any action based upon it.  Certain transactions, including those involving futures, options and high yield securities, give rise to substantial risk and are not suitable for all investors.  Opinions expressed are our present opinions only.  The material is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such.  We, or persons involved in the preparation or issuance of this material, may, from time to time, have long or short positions in, and buy or sell, securities, futures or options identical with or related to those mentioned herein.  Further information on any of the securities, futures, or options mentioned in this material may be obtained upon request.







  Single Security Calculator                         


Security ID: GSR 05AR5 2A1                 


Deal         GSR 05AR5                        Curr Bal    300,000,000  

Description  WAC Bond,Senior                  Effv Band   N/A          

Coupon       5.209%                           Factor      1.00000000   


Collateral

Collat Cpn

WAC

WAM

WALA

Vintage

As Of

WL

5.21

5.460

358

2

2005

8/05


Settle=08/26/05

                20 CPB   25 CPB   75 CPB     CPB      CPB   

Lib Intrp Sprd    357      57      -243                     

                -------  -------  -------  -------  -------

Price            92-27   100-03   102-03                    

Lib Intrp Sprd   357.0    57.0    -243.0                    

Avg Life         2.884    2.542    0.704                    

Yield            8.097    5.071    1.714                    


Market Levels

Pricing Date

1mo

3mo

6mo

1yr

2yr

5yr

10yr

30yr

          

US Treasury

08/11/05

 

3.510

3.780

3.890

4.080

4.181

4.313

4.527

          
 

R/T (9:21 AM)

   

41.0

4.075

4.169

4.298

4.506

          

LIBOR/Swap

08/11/05

3.571

3.790

4.030

4.310

4.461

4.618

4.770

4.990


Note: All calculations except R/T Intrp Spread and R/T Sprd/Bnch are based

on 08/11/05 close market levels.



Disclaimer:


This material has been prepared by the Fixed Income Trading/Sales Department and is not the product of the Fixed Income Research Department.  This material is for your private information, and we are not soliciting any action based upon it.  Certain transactions, including those involving futures, options and high yield securities, give rise to substantial risk and are not suitable for all investors.  Opinions expressed are our present opinions only.  The material is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such.  We, or persons involved in the preparation or issuance of this material, may, from time to time, have long or short positions in, and buy or sell, securities, futures or options identical with or related to those mentioned herein.  Further information on any of the securities, futures, or options mentioned in this material may be obtained upon request.