-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CGGqFR6W1oepqwvzE4tAOV0++U6mmDiIi3eSK3kRChJVEP/ZPEAU6HI7jfCTTcjR RXwPTOH2v691U+aI1n+HpQ== 0001144204-08-025471.txt : 20080501 0001144204-08-025471.hdr.sgml : 20080501 20080501153643 ACCESSION NUMBER: 0001144204-08-025471 CONFORMED SUBMISSION TYPE: 424B5 PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20080501 DATE AS OF CHANGE: 20080501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HarborView 2007-6 CENTRAL INDEX KEY: 0001405484 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B5 SEC ACT: 1933 Act SEC FILE NUMBER: 333-140279-09 FILM NUMBER: 08794478 BUSINESS ADDRESS: STREET 1: C/O NORWEST BANK MINNESOTA NA STREET 2: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 BUSINESS PHONE: 2036222700 MAIL ADDRESS: STREET 1: 600 STEAMBOAT ROAD STREET 2: GREENWICH CAPITAL MARKETS INC CITY: GREENWICH STATE: CT ZIP: 06830 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GREENWICH CAPITAL ACCEPTANCE INC CENTRAL INDEX KEY: 0000826219 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 061199884 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B5 SEC ACT: 1933 Act SEC FILE NUMBER: 333-140279 FILM NUMBER: 08794479 BUSINESS ADDRESS: STREET 1: C/O NORWEST BANK MINNESOTA NA STREET 2: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 BUSINESS PHONE: 2036222700 MAIL ADDRESS: STREET 1: 600 STEAMBOAT ROAD STREET 2: GREENWICH CAPITAL MARKETS INC CITY: GREENWICH STATE: CT ZIP: 06830 424B5 1 v112288_424b5.htm Unassociated Document
Supplement dated April 29, 2008
 
To PROSPECTUS SUPPLEMENT dated July 30, 2007
(To Prospectus dated July 30, 2007)
$683,925,000
(Approximate Initial Principal Balance)
 
HarborView Mortgage Loan Trust
Mortgage Loan Pass-Through Certificates, Series 2007-6
 
           
Initial
Certificate Ratings(1)
 
Current
Certificate Ratings(1)
 
Approximate Credit Enhancement
Percentage
Class
 
Approximate Initial Class
Principal
Balance
 
Approximate Current Class
Principal
Balance
 
Moody’s
 
S&P
 
Moody’s
 
S&P
 
Initial
Percentage
 
Current
Percentage
Class 1A-1A
 
$  199,253,000
 
$  183,913,921
 
Aaa
 
AAA
 
Aaa
 
AAA
 
12.96%
 
13.44%
Class 1A-1B
 
$    22,139,000
 
$    20,981,412
 
Aaa
 
AAA
 
Aaa
 
AAA
 
9.75%
 
10.24%
Class 2A-1A
 
$  240,309,000
 
$  230,344,990
 
Aaa
 
AAA
 
Aaa
 
AAA
 
33.00%
 
33.65%
Class 2A-1B
 
$  100,129,000
 
$    95,977,319
 
Aaa
 
AAA
 
Aaa
 
AAA
 
18.47%
 
19.02%
Class 2A-1C
 
$    60,077,000
 
$    57,586,008
 
Aaa
 
AAA
 
Aaa
 
AAA
 
9.75%
 
10.24%
Class B-1
 
$    15,849,000
 
$    15,849,000
 
Aaa
 
AA+
 
Aaa
 
AA+
 
7.45%
 
7.83%
Class B-2
 
$    10,681,000
 
$    10,681,000
 
Aa1
 
AA
 
Aa1
 
AA
 
5.90%
 
6.20%
Class B-3
 
$      5,168,000
 
$      5,168,000
 
Aa1
 
AA-
 
Aa1
 
AA-
 
5.15%
 
5.41%
Class B-4
 
$      3,445,000
 
$      3,445,000
 
Aa2
 
A+
 
Aa2
 
A+
 
4.65%
 
4.88%
Class B-5
 
$      3,446,000
 
$      3,446,198
 
Aa3
 
A
 
Aa3
 
A
 
4.15%
 
4.36%
Class B-6
 
$      5,857,000
 
$      5,857,336
 
A1
 
A-
 
A1
 
A-
 
3.30%
 
3.47%
Class B-7
 
$      4,135,000
 
$      4,135,237
 
A2
 
BBB+
 
A2
 
BBB+
 
2.70%
 
2.84%
Class B-8
 
$      3,790,000
 
$      3,790,218
 
A3
 
BBB-
 
A3
 
BBB-
 
2.15%
 
2.26%
Class B-9
 
$      9,647,000
 
$      9,647,554
 
Baa3
 
N/R
 
Baa3
 
N/R
 
0.75%
 
0.79%
 

(1) The designation “N/R” means that the class of certificates is not publicly rated by the specified rating agency.
 
Greenwich Capital Acceptance, Inc.
Depositor
 
Greenwich Capital Financial Products, Inc.
Sponsor and Seller
 
HarborView Mortgage Loan Trust 2007-6
Issuing Entity
 
Wells Fargo Bank, N.A.
Master Servicer and Securities Administrator
 
Deutsche Bank National Trust Company
Trustee
 
The prospectus supplement dated July 30, 2007 (the “prospectus supplement”) to the prospectus dated July 30, 2007 with respect to the above captioned series is hereby amended and supplemented as follows. These amendments relate to updated mortgage loan data, risk factors, characteristics of the certificates and certain third-party information, in each case, where available and relevant.
 
Capitalized terms used but not defined in this supplement have the meanings given to them in the prospectus supplement.
 

 
April 29, 2008
 

 
 
1. Beginning on page S-15 of the prospectus supplement under the heading “Risk Factors,” the following disclosure is added:
 
Financial difficulties of and
developments regarding the
originators and servicers
originators and servicers
 
 
 
Recently, many originators and servicers of mortgage loans have experienced serious financial difficulties and, in some cases, have entered bankruptcy proceedings. These difficulties have resulted in part from declining markets for their mortgage loans and claims for repurchases by them of mortgage loans previously sold under provisions that require repurchase in the event of early payment defaults or for material breaches of representations and warranties made on mortgage loans originated by them, such as fraud claims. These difficulties have been compounded by a general decline in the willingness by banks and other financial institutions to extend credit to originators and servicers and the resulting disappearance of available credit and liquidity lines to such originators and servicers. Higher delinquencies and defaults may also be contributing to these difficulties by reducing the value of mortgage loan portfolios, requiring originators to take mark to market or sale-related losses. An environment inclusive of declining real estate values may decrease the number of borrowers seeking or able to refinance their mortgage loans, resulting in a decrease in overall originations. In addition, the costs of servicing and advancing on increasingly delinquent mortgage loan portfolios may be rising without a corresponding increase in servicing compensation. These factors, among others, may have the overall effect of increasing costs and expenses of originators and servicers while at the same time decreasing servicing cash flow and loan origination revenues. Financial and operational difficulties may have a negative effect on the ability of the servicers to pursue collection on mortgage loans that are experiencing increased delinquencies and defaults and to maximize recoveries on sale of underlying properties following foreclosure. In some cases, servicers may become overwhelmed by the number of defaulted loans in their servicing portfolios and may be unable or unwilling to pursue collections or other remedies, or commence foreclosure proceedings on defaulted mortgage loans.
     
   
The servicers are generally required to make advances in respect of delinquent payments on mortgage loans. There can be no assurance as to the current or continuing financial condition of the servicers or their ability to access markets for financing such advances. If a servicer is experiencing financial difficulties, it may not be able to perform these advancing obligations. Even if the servicers are able to advance amounts in respect of delinquent mortgage loans, their obligations to make such advances may be limited to the extent that they do not expect to recover such advances due to the deteriorating credit of the delinquent mortgage loans.
     
   
As described in the prospectus supplement, the originators are generally required to repurchase or substitute for mortgage loans for certain breaches of representations and warranties made by them with respect to the related mortgage loans. The inability to repurchase or substitute for such defective loans or for any early payment defaults would likely cause the mortgage loans to experience higher rates of delinquencies, defaults and losses.
     
   
The yield on your securities may be adversely affected if such events impact the originators or the servicers of mortgage loans in the trust fund.
 
S-2

 
     
   
On August 6, 2007, American Home Mortgage Corp., which originated approximately 3% of the mortgage loans, and certain other affiliates each filed voluntary petitions for relief under Chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware.
     
   
In addition, approximately 23%, 12% and 40% of the mortgage loans were originated by Novastar Mortgage, Inc., Paul Financial, LLC and Secured Bankers Mortgage Company, respectively.
     
   
Each of these entities has either become insolvent or otherwise announced its decision to no longer originate mortgage loans. The inability or limited ability of such companies to honor repurchase or substitution obligations in the event of a material breach of representations or warranties made by it with respect to the mortgage loans may adversely affect the value and performance of the certificates. There can be no assurance as to the current or continuing financial condition of the other originators.
     
   
See “Risk Factors—Originators and servicers may be subject to litigation, governmental proceedings or adverse economic conditions” in the prospectus.
     
If the receipt of liquidation
proceeds is delayed or if the
liquidation proceeds are
less than the mortgage
loan balance, you could
suffer a loss on your
certificates 
certificates
 
 
 
 
 
 
 
Substantial delays could be encountered in connection with the liquidation of delinquent mortgage loans. Further, liquidation expenses such as legal fees, real estate taxes and maintenance and preservation expenses may reduce the portion of liquidation proceeds payable to you. If a mortgaged property fails to provide adequate security for the related mortgage loan, you will incur a loss on your investment if the credit enhancement is insufficient to cover that deficiency.
     
   
See also “Risk Factors—Legal and other factors could reduce the amount and delay the timing of recoveries on defaulted loans” in the prospectus.
     
It may be difficult to resell the
offered certificates 
offered certificates
 
 
Due to recent developments in the residential mortgage market in the United States and credit markets generally, there is currently a very limited secondary market for the offered certificates. In particular, the offered certificates are likely to have declined in value since the closing date and may continue to do so in the future. If a secondary market does develop, it might not continue or it might not be sufficiently liquid to allow you to resell any of your certificates. Consequently, you may not be able to sell your certificates readily or at prices that will enable you to realize your desired yield. The market values of the offered certificates are likely to fluctuate. Any of these fluctuations may be significant and could result in significant losses to you.
     
   
The secondary market for mortgage-backed securities has experienced periods of illiquidity and may do so in the future. Illiquidity can have a severely adverse effect on the prices of securities that are especially sensitive to prepayment, credit, or interest rate risk.
     
   
See also “Risk Factors—You may have difficulty selling your securities or obtaining your desired price” in the prospectus.
 
S-3

 
2. The statistical information presented in the prospectus supplement regarding the mortgage loans was generally accurate as of the cut-off date (or other date specified, if applicable), but this information has changed, and may have changed materially.  Statistical information regarding the mortgage loans as of April 1, 2008 is presented in the tables below. The information with respect to Debt-to-Income Ratios, Original Combined Loan-to-Value Ratios and Credit Scores (in the aggregate and by loan group) is based upon the original data concerning the borrowers and the values of the mortgaged properties available as of the applicable cut-off date. Investors should consider that as of the date of this supplement, a borrower’s financial condition may be worse than the underlying data indicates, such that the debt-to-income ratios may currently be significantly higher and credit scores may currently be significantly lower than they were as of the cut-off date. Similarly, because housing values have declined in many areas of the country, and the decline has been substantial in some cases, the current loan-to value ratios and combined loan-to-value ratios of the mortgage loans in the trust fund are likely to be worse than shown in the tables below.
 
S-4



Aggregate Mortgage Loan Statistics
 
The following statistical information, unless otherwise specified, is based upon the aggregate principal balance of the mortgage loans as of April 1, 2008.
 
The mortgage loans had the approximate characteristics shown in the following tables. The sum in any column in the following tables may not equal the total indicated due to rounding.

S-5



Stated Principal Balances of the Mortgage Loans
 
Stated Principal Balance ($)
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
50,000.01 - 100,000.00
   
6
 
$
547,464.67
   
0.08
%
 
7.643
%
 
345
   
70.26
%
 
695
 
100,000.01 - 150,000.00
   
49
   
6,198,496.48
   
0.94
   
8.081
   
346
   
75.59
   
702
 
150,000.01 - 200,000.00
   
116
   
20,155,534.40
   
3.07
   
7.973
   
352
   
74.17
   
704
 
200,000.01 - 250,000.00
   
154
   
34,741,753.65
   
5.30
   
7.922
   
360
   
74.98
   
704
 
250,000.01 - 300,000.00
   
173
   
47,200,105.32
   
7.20
   
7.799
   
368
   
74.84
   
711
 
300,000.01 - 350,000.00
   
208
   
67,744,789.12
   
10.33
   
7.840
   
368
   
77.76
   
702
 
350,000.01 - 400,000.00
   
172
   
64,122,178.53
   
9.77
   
7.654
   
381
   
76.20
   
715
 
400,000.01 - 450,000.00
   
153
   
64,921,970.27
   
9.90
   
7.692
   
371
   
75.96
   
712
 
450,000.01 - 500,000.00
   
129
   
61,194,267.00
   
9.33
   
7.695
   
368
   
76.56
   
712
 
500,000.01 - 550,000.00
   
129
   
67,160,878.28
   
10.24
   
7.628
   
370
   
76.68
   
705
 
550,000.01 - 600,000.00
   
71
   
40,873,835.76
   
6.23
   
7.650
   
379
   
76.58
   
711
 
600,000.01 - 650,000.00
   
46
   
28,795,435.56
   
4.39
   
7.500
   
374
   
75.14
   
714
 
650,000.01 - 700,000.00
   
46
   
31,078,604.53
   
4.74
   
7.485
   
372
   
76.21
   
717
 
700,000.01 - 750,000.00
   
25
   
17,883,783.79
   
2.73
   
7.553
   
371
   
74.63
   
713
 
750,000.01 - 800,000.00
   
21
   
16,269,468.48
   
2.48
   
7.606
   
374
   
74.53
   
726
 
800,000.01 - 850,000.00
   
16
   
13,190,123.86
   
2.01
   
7.433
   
384
   
72.54
   
710
 
850,000.01 - 900,000.00
   
6
   
5,269,864.84
   
0.80
   
7.604
   
385
   
71.21
   
724
 
900,000.01 - 950,000.00
   
7
   
6,478,362.16
   
0.99
   
7.420
   
382
   
74.40
   
706
 
950,000.01 - 1,000,000.00
   
8
   
7,830,783.88
   
1.19
   
7.401
   
392
   
72.43
   
704
 
1,000,000.01 and above
   
43
   
54,333,790.17
   
8.28
   
7.317
   
372
   
69.36
   
730
 
Total
   
1,578
 
$
655,991,490.75
   
100.00
%
 
7.660
%
 
371
   
75.33
%
 
712
 
 
The average Stated Principal Balance of the mortgage loans was approximately $415,711 as of April 1, 2008.
 

Original Terms to Stated Maturity of the Mortgage Loans
 
Original Term (months)
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
360
   
1,266
 
$
512,012,802.96
   
78.05
%
 
7.599
%
 
345
   
76.25
%
 
710
 
480
   
312
   
143,978,687.79
   
21.95
   
7.875
   
466
   
72.09
   
719
 
Total
   
1,578
 
$
655,991,490.75
   
100.00
%
 
7.660
%
 
371
   
75.33
%
 
712
 
 
The weighted average original term to stated maturity of the mortgage loans was approximately 386 months as of April 1, 2008.
 
S-6

 
Remaining Terms to Stated Maturity of the Mortgage Loans
 
Remaining Term (months)
 
Number
of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
301 - 360
   
1,266
 
$
512,012,802.96
   
78.05
%
 
7.599
%
 
345
   
76.25
%
 
710
 
361 and above
   
312
   
143,978,687.79
   
21.95
   
7.875
   
466
   
72.09
   
719
 
Total
   
1,578
 
$
655,991,490.75
   
100.00
%
 
7.660
%
 
371
   
75.33
%
 
712
 
 
The weighted average remaining term to stated maturity of the mortgage loans was approximately 371 months as of the April 1, 2008.

Property Types of the Mortgage Loans
 
Property Type
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
Condominium
   
181
 
$
57,490,442.39
   
8.76
%
 
7.886
%
 
368
   
79.19
%
 
715
 
Planned Unit Development
   
243
   
102,745,378.04
   
15.66
   
7.682
   
365
   
76.69
   
707
 
Single Family
   
1,043
   
443,667,929.16
   
67.63
   
7.636
   
374
   
74.91
   
712
 
Two-to Four-Family
   
111
   
52,087,741.16
   
7.94
   
7.564
   
361
   
72.02
   
715
 
Total
   
1,578
 
$
655,991,490.75
   
100.00
%
 
7.660
%
 
371
   
75.33
%
 
712
 
 
Stated Occupancy Status of the Mortgage Loans*
 
Stated Occupancy Status
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
Investor
   
207
 
$
74,927,231.80
   
11.42
%
 
7.513
%
 
362
   
70.72
%
 
728
 
Primary
   
1,326
   
561,089,123.27
   
85.53
   
7.683
   
373
   
75.92
   
709
 
Second Home
   
45
   
19,975,135.68
   
3.05
   
7.564
   
363
   
76.30
   
718
 
Total
   
1,578
 
$
655,991,490.75
   
100.00
%
 
7.660
%
 
371
   
75.33
%
 
712
 
 
 
* In the preceding table, “stated occupancy status” refers to the intended use of the mortgaged property as represented by the borrower when the related mortgage loan was originated.

 

S-7


Product Type of the Mortgage Loans
 
Product Type
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
1 MO COFI IO
   
1
 
$
3,315,000.00
   
0.51
%
 
6.250
%
 
306
   
65.64
%
 
748
 
3/27 6 MO LIBOR 40/30 Balloon
   
1
   
121,948.57
   
0.02
   
9.125
   
338
   
95.00
   
687
 
6 MO COFI
   
8
   
4,855,151.57
   
0.74
   
6.281
   
305
   
64.78
   
735
 
6 MO LIBOR IO
   
2
   
550,440.35
   
0.08
   
8.026
   
327
   
79.95
   
749
 
Negam 10/1 MO LIBOR
   
2
   
695,664.69
   
0.11
   
8.313
   
350
   
78.77
   
676
 
Negam 10/1 MO MTA
   
1
   
135,371.00
   
0.02
   
7.125
   
350
   
77.65
   
786
 
Negam 10/6 MO LIBOR
   
6
   
3,104,558.37
   
0.47
   
6.815
   
351
   
65.76
   
750
 
Negam 5/1 MO LIBOR IO YRS 5-10
   
7
   
2,085,492.71
   
0.32
   
8.428
   
350
   
89.96
   
671
 
Negam 5/1 MO MTA
   
181
   
84,707,292.91
   
12.91
   
7.976
   
445
   
68.80
   
725
 
Negam 5/1 MO MTA 10 Yr NEGAM
   
238
   
108,048,059.38
   
16.47
   
7.240
   
346
   
71.70
   
715
 
Negam 5/1 MO MTA 40/30 Balloon
   
6
   
2,025,603.17
   
0.31
   
7.187
   
350
   
73.16
   
744
 
Negam 5/1 MO MTA IO YRS 5-10
   
75
   
38,161,677.10
   
5.82
   
7.592
   
356
   
76.87
   
722
 
Negam 5/6 MO LIBOR IO YRS 5-10
   
153
   
68,214,394.97
   
10.40
   
7.339
   
361
   
75.36
   
732
 
Negam 5/6 MO Libor IO Yr 8-10
   
11
   
5,426,637.95
   
0.83
   
7.355
   
367
   
76.42
   
755
 
Negam 7/1 MO LIBOR IO YRS 8-10
   
1
   
340,532.32
   
0.05
   
8.375
   
350
   
94.29
   
711
 
Negam 7/1 MO MTA IO YRS 8-10
   
3
   
1,375,297.64
   
0.21
   
7.408
   
350
   
70.19
   
633
 
Negam 7/6 MO LIBOR IO YRS 8-10
   
3
   
1,476,908.43
   
0.23
   
6.899
   
351
   
75.18
   
746
 
Negam FIXED IO YRS 5-10
   
4
   
1,531,123.59
   
0.23
   
6.753
   
348
   
67.46
   
755
 
Negam LIBOR
   
1
   
913,465.60
   
0.14
   
5.750
   
468
   
80.00
   
655
 
Negam MTA
   
874
   
328,906,870.43
   
50.14
   
7.847
   
367
   
78.28
   
700
 
Total
   
1,578
 
$
655,991,490.75
   
100.00
%
 
7.660
%
 
371
   
75.33
%
 
712
 
 
Loan Purposes of the Mortgage Loans
 
Purpose
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
Cash Out Refinance
   
878
 
$
349,147,186.31
   
53.22
%
 
7.639
%
 
376
   
71.84
%
 
708
 
Purchase
   
334
   
141,314,578.56
   
21.54
   
7.825
   
360
   
82.14
   
715
 
Rate/Term Refinance
   
366
   
165,529,725.88
   
25.23
   
7.563
   
370
   
76.90
   
717
 
Total
   
1,578
 
$
655,991,490.75
   
100.00
%
 
7.660
%
 
371
   
75.33
%
 
712
 
 
S-8

 
Documentation Programs of the Mortgage Loans
 
Documentation
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
Full Documentation
   
269
 
$
93,197,041.42
   
14.21
%
 
7.864
%
 
350
   
81.57
%
 
700
 
No Income/No Asset
   
83
   
35,421,943.42
   
5.40
   
7.810
   
414
   
70.81
   
712
 
No Income/Verified Asset*
   
205
   
88,650,570.93
   
13.51
   
7.273
   
370
   
75.29
   
727
 
No Documentation
   
21
   
5,910,372.40
   
0.90
   
7.901
   
344
   
63.54
   
723
 
Reduced Documentation
   
36
   
18,963,318.40
   
2.89
   
7.640
   
352
   
77.79
   
707
 
Stated Income/Stated Asset
   
89
   
34,471,358.60
   
5.25
   
7.741
   
390
   
70.31
   
714
 
Stated Income/Verified Asset
   
875
   
379,376,885.58
   
57.83
   
7.675
   
372
   
74.75
   
711
 
Total
   
1,578
 
$
655,991,490.75
   
100.00
%
 
7.660
%
 
371
   
75.33
%
 
712
 
 
*Includes the “No Ratio” Documentation Type.

 
Debt-to-Income Ratios of the Mortgage Loans
 
Debt-to-Income Ratio (%)
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
0.01 - 20.00
   
82
 
$
32,780,883.23
   
5.00
%
 
7.889
%
 
366
   
74.09
%
 
701
 
20.01 - 25.00
   
114
   
37,669,760.52
   
5.74
   
7.957
   
353
   
79.58
   
700
 
25.01 - 30.00
   
130
   
43,758,324.59
   
6.67
   
7.761
   
357
   
76.52
   
710
 
30.01 - 35.00
   
241
   
93,753,024.21
   
14.29
   
7.650
   
368
   
75.44
   
720
 
35.01 - 40.00
   
594
   
262,595,909.41
   
40.03
   
7.697
   
376
   
75.93
   
710
 
40.01 - 45.00
   
252
   
112,732,714.63
   
17.19
   
7.474
   
371
   
74.96
   
712
 
45.01 - 50.00
   
50
   
22,898,146.60
   
3.49
   
7.308
   
376
   
71.87
   
710
 
50.01 - 55.00
   
5
   
5,154,155.01
   
0.79
   
6.702
   
327
   
71.70
   
729
 
None
   
110
   
44,648,572.55
   
6.81
   
7.703
   
390
   
70.89
   
723
 
Total
   
1,578
 
$
655,991,490.75
   
100.00
%
 
7.660
%
 
371
   
75.33
%
 
712
 
 
The non-zero weighted average debt-to-income ratio of the mortgage loans was approximately 35.43% as of April 1, 2008.

S-9


 

 
Original Combined Loan-to-Value Ratios of the Mortgage Loans
 
Original Combined
Loan-to-Value Ratio (%)
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
0.01 - 49.99
   
68
 
$
23,378,195.08
   
3.56
%
 
7.583
%
 
409
   
38.99
%
 
739
 
50.00 - 54.99
   
32
   
13,321,942.53
   
2.03
   
7.144
   
370
   
52.68
   
729
 
55.00 - 59.99
   
49
   
17,814,748.43
   
2.72
   
7.484
   
397
   
57.43
   
721
 
60.00 - 64.99
   
77
   
31,507,946.47
   
4.80
   
7.385
   
365
   
62.38
   
712
 
65.00 - 69.99
   
119
   
60,467,191.12
   
9.22
   
7.323
   
371
   
67.72
   
718
 
70.00 - 74.99
   
147
   
64,844,778.96
   
9.89
   
7.422
   
367
   
72.11
   
706
 
75.00 - 79.99
   
268
   
130,686,187.95
   
19.92
   
7.593
   
377
   
76.95
   
714
 
80.00
   
539
   
224,135,877.79
   
34.17
   
7.648
   
375
   
80.00
   
714
 
80.01 - 84.99
   
26
   
9,525,543.81
   
1.45
   
8.249
   
342
   
83.34
   
701
 
85.00 - 89.99
   
93
   
28,119,856.95
   
4.29
   
8.290
   
343
   
85.76
   
693
 
90.00 - 94.99
   
69
   
24,334,327.12
   
3.71
   
8.399
   
345
   
90.61
   
691
 
95.00 - 99.99
   
90
   
27,424,229.01
   
4.18
   
8.618
   
344
   
95.00
   
685
 
100.00
   
1
   
430,665.53
   
0.07
   
7.625
   
350
   
100.00
   
704
 
Total
   
1,578
 
$
655,991,490.75
   
100.00
%
 
7.660
%
 
371
   
75.33
%
 
712
 
 
The weighted average original combined loan-to-value ratio of the mortgage loans was approximately 75.33% as of April 1, 2008.
 


S-10


Geographic Distribution of the Mortgage Loans
 
Geographic Location
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
Alabama
   
1
 
$
345,288.94
   
0.05
%
 
7.875
%
 
345
   
85.00
%
 
682
 
Arizona
   
46
   
14,289,664.77
   
2.18
   
7.795
   
358
   
78.27
   
704
 
Arkansas
   
3
   
930,283.95
   
0.14
   
8.109
   
344
   
81.31
   
652
 
California
   
1,034
   
482,145,328.26
   
73.50
   
7.530
   
380
   
73.10
   
717
 
Colorado
   
9
   
2,196,931.35
   
0.33
   
7.964
   
362
   
76.18
   
711
 
Connecticut
   
7
   
2,361,179.84
   
0.36
   
8.206
   
344
   
81.62
   
704
 
Delaware
   
2
   
585,382.05
   
0.09
   
7.932
   
349
   
84.25
   
697
 
District of Columbia
   
1
   
281,477.08
   
0.04
   
7.500
   
342
   
70.89
   
739
 
Florida
   
244
   
71,891,308.22
   
10.96
   
8.190
   
342
   
83.23
   
693
 
Georgia
   
4
   
1,210,850.38
   
0.18
   
8.270
   
345
   
84.37
   
688
 
Hawaii
   
11
   
3,397,958.78
   
0.52
   
7.563
   
358
   
66.54
   
725
 
Idaho
   
6
   
1,632,492.73
   
0.25
   
7.713
   
347
   
69.20
   
718
 
Illinois
   
3
   
910,721.38
   
0.14
   
7.565
   
344
   
80.17
   
709
 
Indiana
   
3
   
466,500.21
   
0.07
   
8.487
   
342
   
93.02
   
693
 
Maryland
   
21
   
8,179,571.59
   
1.25
   
7.755
   
343
   
80.95
   
684
 
Massachusetts
   
5
   
1,454,454.97
   
0.22
   
8.188
   
343
   
80.46
   
701
 
Michigan
   
7
   
1,418,527.80
   
0.22
   
8.266
   
345
   
87.35
   
696
 
Minnesota
   
9
   
2,882,565.15
   
0.44
   
7.940
   
344
   
84.50
   
680
 
Missouri
   
1
   
151,855.01
   
0.02
   
8.000
   
345
   
74.46
   
651
 
Nevada
   
20
   
7,698,761.65
   
1.17
   
7.950
   
355
   
83.47
   
714
 
New Jersey
   
12
   
4,479,148.72
   
0.68
   
8.153
   
341
   
84.77
   
683
 
New Mexico
   
1
   
978,392.36
   
0.15
   
6.875
   
336
   
80.00
   
696
 
New York
   
21
   
9,773,297.10
   
1.49
   
7.814
   
345
   
78.43
   
689
 
North Carolina
   
9
   
4,507,520.45
   
0.69
   
7.873
   
345
   
81.42
   
686
 
Ohio
   
5
   
1,412,211.19
   
0.22
   
8.186
   
343
   
88.27
   
709
 
Oregon
   
5
   
1,334,366.43
   
0.20
   
7.573
   
345
   
73.93
   
683
 
Pennsylvania
   
12
   
2,753,681.88
   
0.42
   
8.106
   
358
   
88.49
   
712
 
Rhode Island
   
2
   
429,893.17
   
0.07
   
8.315
   
341
   
82.59
   
685
 
South Carolina
   
10
   
2,692,796.74
   
0.41
   
7.711
   
342
   
82.29
   
687
 
Tennessee
   
1
   
163,322.00
   
0.02
   
8.875
   
342
   
85.00
   
779
 
Texas
   
4
   
1,040,793.81
   
0.16
   
8.524
   
344
   
85.57
   
708
 
Utah
   
7
   
2,239,017.16
   
0.34
   
7.962
   
345
   
81.00
   
744
 
Virginia
   
9
   
5,270,066.27
   
0.80
   
8.198
   
359
   
80.94
   
668
 
Washington
   
39
   
12,601,524.43
   
1.92
   
7.861
   
365
   
80.27
   
718
 
West Virginia
   
1
   
133,456.76
   
0.02
   
8.875
   
347
   
95.00
   
638
 
Wisconsin
   
3
   
1,750,898.17
   
0.27
   
7.587
   
338
   
73.88
   
712
 
Total
   
1,578
 
$
655,991,490.75
   
100.00
%
 
7.660
%
 
371
   
75.33
%
 
712
 
 
As of April 1, 2008, the greatest five-digit ZIP Code geographic concentration of mortgage loans by Stated Principal Balance was approximately 0.58% in the 94062 ZIP Code.

S-11


 
Loan Rates of the Mortgage Loans
 
Loan Rate (%)
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
5.500 - 5.999
   
2
 
$
1,267,605.25
   
0.19
%
 
5.785
%
 
435
   
79.94
%
 
682
 
6.000 - 6.499
   
25
   
17,344,390.33
   
2.64
   
6.266
   
330
   
66.15
   
738
 
6.500 - 6.999
   
129
   
63,533,544.58
   
9.69
   
6.769
   
354
   
70.34
   
735
 
7.000 - 7.499
   
329
   
145,285,107.57
   
22.15
   
7.226
   
357
   
73.23
   
716
 
7.500 - 7.999
   
597
   
252,827,081.00
   
38.54
   
7.711
   
380
   
74.75
   
711
 
8.000 - 8.499
   
304
   
112,840,014.20
   
17.20
   
8.192
   
388
   
77.69
   
708
 
8.500 - 8.999
   
119
   
40,219,685.67
   
6.13
   
8.617
   
382
   
82.97
   
686
 
9.000 - 9.499
   
62
   
19,357,491.58
   
2.95
   
9.119
   
342
   
90.42
   
682
 
9.500 - 9.999
   
11
   
3,316,570.57
   
0.51
   
9.602
   
342
   
93.53
   
650
 
Total
   
1,578
 
$
655,991,490.75
   
100.00
%
 
7.660
%
 
371
   
75.33
%
 
712
 
 
The weighted average loan rate of the mortgage loans as of April 1, 2008 was approximately 7.660%.

 
Maximum Loan Rates of the Adjustable Rate Mortgage Loans
 
Maximum Loan Rate (%)
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
8.500 - 8.999
   
33
 
$
18,716,045.03
   
2.86
%
 
7.531
%
 
388
   
77.51
%
 
730
 
9.500 - 9.999
   
627
   
280,685,553.87
   
42.89
   
7.462
   
370
   
73.37
   
710
 
10.500 - 10.999
   
242
   
78,397,855.17
   
11.98
   
7.693
   
342
   
75.79
   
694
 
11.000 - 11.499
   
190
   
62,437,243.08
   
9.54
   
8.173
   
343
   
85.67
   
702
 
11.500 - 11.999
   
80
   
30,600,606.00
   
4.68
   
7.635
   
358
   
80.49
   
715
 
12.000 - 12.499
   
71
   
33,465,532.83
   
5.11
   
7.487
   
363
   
77.61
   
725
 
12.500 - 12.999
   
230
   
107,552,908.16
   
16.43
   
7.696
   
393
   
72.46
   
722
 
13.000 - 13.499
   
72
   
30,624,711.24
   
4.68
   
8.212
   
416
   
73.13
   
725
 
13.500 - 13.999
   
28
   
11,857,963.21
   
1.81
   
8.512
   
455
   
73.87
   
708
 
15.000 - 15.499
   
1
   
121,948.57
   
0.02
   
9.125
   
338
   
95.00
   
687
 
Total
   
1,574
 
$
654,460,367.16
   
100.00
%
 
7.662
%
 
371
   
75.35
%
 
712
 
 
The weighted average maximum loan rate of the adjustable rate mortgage loans was approximately 11.035% as of April 1, 2008.

 

S-12


Minimum Loan Rates of the Adjustable Rate Mortgage Loans
 
Minimum Loan Rate (%)
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
1.500 - 1.999
   
1
 
$
526,991.66
   
0.08
%
 
6.125
%
 
306
   
63.33
%
 
733
 
2.000 - 2.499
   
328
   
149,120,123.10
   
22.79
   
7.262
   
344
   
72.75
   
717
 
2.500 - 2.999
   
244
   
108,787,545.06
   
16.62
   
7.133
   
362
   
74.17
   
726
 
3.000 - 3.499
   
531
   
234,386,439.69
   
35.81
   
7.704
   
395
   
72.96
   
716
 
3.500 - 3.999
   
273
   
99,797,030.20
   
15.25
   
8.047
   
378
   
78.75
   
694
 
4.000 - 4.499
   
106
   
33,451,680.09
   
5.11
   
8.522
   
358
   
84.04
   
683
 
4.500 - 4.999
   
76
   
23,552,605.71
   
3.60
   
9.012
   
342
   
91.22
   
690
 
5.000 - 5.499
   
15
   
4,837,951.65
   
0.74
   
9.526
   
341
   
91.61
   
650
 
Total
   
1,574
 
$
654,460,367.16
   
100.00
%
 
7.662
%
 
371
   
75.35
%
 
712
 
 
The weighted average minimum loan rate of the adjustable rate mortgage loans was approximately 3.124% as of April 1, 2008.
 

Gross Margins of the Adjustable Rate Mortgage Loans
 
Gross Margin (%)
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
1.500 - 1.999
   
1
 
$
526,991.66
   
0.08
%
 
6.125
%
 
306
   
63.33
%
 
733
 
2.000 - 2.499
   
328
   
149,120,123.10
   
22.79
   
7.262
   
344
   
72.75
   
717
 
2.500 - 2.999
   
244
   
108,787,545.06
   
16.62
   
7.133
   
362
   
74.17
   
726
 
3.000 - 3.499
   
531
   
234,386,439.69
   
35.81
   
7.704
   
395
   
72.96
   
716
 
3.500 - 3.999
   
273
   
99,797,030.20
   
15.25
   
8.047
   
378
   
78.75
   
694
 
4.000 - 4.499
   
106
   
33,451,680.09
   
5.11
   
8.522
   
358
   
84.04
   
683
 
4.500 - 4.999
   
76
   
23,552,605.71
   
3.60
   
9.012
   
342
   
91.22
   
690
 
5.000 - 5.499
   
15
   
4,837,951.65
   
0.74
   
9.526
   
341
   
91.61
   
650
 
Total
   
1,574
 
$
654,460,367.16
   
100.00
%
 
7.662
%
 
371
   
75.35
%
 
712
 
 
The weighted average gross margin of the adjustable rate mortgage loans was approximately 3.124% as of April 1, 2008.
 
S-13

 
Credit Scores of the Mortgage Loans
 
Credit Score
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
500 - 524
   
1
 
$
162,198.66
   
0.02
%
 
8.875
%
 
343
   
95.00
%
 
515
 
550 - 574
   
1
   
308,376.37
   
0.05
   
7.875
   
340
   
56.86
   
553
 
575 - 599
   
2
   
808,521.01
   
0.12
   
8.945
   
343
   
88.43
   
581
 
600 - 624
   
16
   
6,224,629.67
   
0.95
   
7.880
   
382
   
74.20
   
619
 
625 - 649
   
103
   
38,463,819.65
   
5.86
   
8.046
   
365
   
78.12
   
641
 
650 - 674
   
257
   
96,358,342.02
   
14.69
   
7.811
   
362
   
76.71
   
664
 
675 - 699
   
340
   
139,379,448.20
   
21.25
   
7.767
   
370
   
76.52
   
687
 
700 - 724
   
309
   
131,991,497.64
   
20.12
   
7.639
   
372
   
76.88
   
711
 
725 - 749
   
221
   
101,192,950.69
   
15.43
   
7.509
   
367
   
74.37
   
737
 
750 - 774
   
171
   
74,413,971.86
   
11.34
   
7.479
   
380
   
72.71
   
762
 
775 - 799
   
117
   
50,140,851.19
   
7.64
   
7.452
   
389
   
72.00
   
785
 
800 and above
   
40
   
16,546,883.79
   
2.52
   
7.346
   
378
   
66.25
   
807
 
Total
   
1,578
 
$
655,991,490.75
   
100.00
%
 
7.660
%
 
371
   
75.33
%
 
712
 
 
The weighted average credit score of the mortgage loans was approximately 712 as of April 1, 2008.

 
Original Prepayment Penalty Periods of the Mortgage Loans
 
Original Prepayment
Penalty Period (months)
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
None
   
293
 
$
119,197,996.17
   
18.17
%
 
7.641
%
 
351
   
77.25
%
 
708
 
12
   
278
   
132,741,777.22
   
20.24
   
7.360
   
370
   
73.28
   
720
 
24
   
128
   
49,595,427.57
   
7.56
   
7.834
   
360
   
79.15
   
701
 
36
   
876
   
349,921,365.99
   
53.34
   
7.774
   
381
   
75.07
   
711
 
48
   
1
   
526,991.66
   
0.08
   
6.125
   
306
   
63.33
   
733
 
60
   
2
   
4,007,932.14
   
0.61
   
6.250
   
306
   
63.72
   
746
 
Total
   
1,578
 
$
655,991,490.75
   
100.00
%
 
7.660
%
 
371
   
75.33
%
 
712
 
 
Negative Amortization Limits of the Mortgage Loans
 
Negative Amortization Limit (%)
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
Not Applicable - Non Negam
   
12
 
$
8,842,540.49
   
1.35
%
 
6.417
%
 
307
   
66.46
%
 
740
 
110
   
661
   
241,095,462.11
   
36.75
   
7.893
   
354
   
79.03
   
700
 
115
   
715
   
318,054,749.90
   
48.48
   
7.437
   
370
   
74.32
   
717
 
120
   
190
   
87,998,738.25
   
13.41
   
7.952
   
428
   
69.77
   
723
 
Total
   
1,578
 
$
655,991,490.75
   
100.00
%
 
7.660
%
 
371
   
75.33
%
 
712
 
 

 

S-14


Months to Next Rate Adjustment Date of the Adjustable Rate Mortgage Loans
 
Months to Next
Rate Adjustment Date
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
1
   
879
 
$
334,313,104.80
   
51.08
%
 
7.823
%
 
366
   
78.15
%
 
701
 
4
   
4
   
2,610,044.17
   
0.40
   
6.250
   
304
   
58.23
   
737
 
6
   
3
   
1,617,778.98
   
0.25
   
6.294
   
306
   
71.37
   
733
 
14
   
1
   
121,948.57
   
0.02
   
9.125
   
338
   
95.00
   
687
 
42
   
5
   
1,127,959.66
   
0.17
   
8.038
   
342
   
76.94
   
714
 
43
   
6
   
1,724,051.58
   
0.26
   
7.580
   
343
   
78.15
   
737
 
44
   
49
   
19,771,159.08
   
3.02
   
7.270
   
344
   
68.93
   
705
 
45
   
73
   
35,044,425.15
   
5.35
   
7.256
   
348
   
74.16
   
721
 
46
   
39
   
18,035,502.65
   
2.76
   
7.299
   
355
   
72.76
   
713
 
47
   
84
   
38,315,298.85
   
5.85
   
7.528
   
368
   
74.14
   
723
 
48
   
83
   
41,242,920.76
   
6.30
   
7.692
   
402
   
74.42
   
730
 
49
   
73
   
34,766,841.97
   
5.31
   
7.921
   
420
   
70.75
   
716
 
50
   
141
   
61,918,959.40
   
9.46
   
7.649
   
381
   
72.36
   
717
 
51
   
118
   
56,722,039.09
   
8.67
   
7.296
   
379
   
71.46
   
739
 
74
   
5
   
2,014,266.91
   
0.31
   
7.437
   
350
   
73.74
   
656
 
75
   
2
   
1,178,471.48
   
0.18
   
7.000
   
351
   
77.33
   
759
 
110
   
3
   
831,035.69
   
0.13
   
8.119
   
350
   
78.59
   
694
 
111
   
6
   
3,104,558.37
   
0.47
   
6.815
   
351
   
65.76
   
750
 
Total
   
1,574
 
$
654,460,367.16
   
100.00
%
 
7.662
%
 
371
   
75.35
%
 
712
 
 
The weighted average months to next rate adjustment of the adjustable rate mortgage loans was approximately 24 months as of April 1, 2008.

S-15


Months to Next Payment Adjustment Date of the Adjustable Rate Mortgage Loans
 
Months to Next Payment Adjustment Date
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
1
   
30
 
$
15,211,510.75
   
2.32
%
 
7.433
%
 
345
   
76.06
%
 
713
 
2
   
26
   
11,400,510.73
   
1.74
   
8.169
   
354
   
82.31
   
696
 
3
   
32
   
14,627,912.31
   
2.24
   
8.113
   
347
   
82.02
   
677
 
4
   
26
   
10,175,545.21
   
1.55
   
7.681
   
333
   
76.65
   
694
 
5
   
123
   
41,478,388.23
   
6.34
   
8.061
   
358
   
80.34
   
696
 
6
   
164
   
62,828,465.77
   
9.60
   
7.813
   
372
   
77.22
   
702
 
7
   
123
   
45,172,641.51
   
6.90
   
7.823
   
365
   
78.28
   
704
 
8
   
110
   
42,693,343.16
   
6.52
   
7.819
   
370
   
76.09
   
706
 
9
   
92
   
32,337,622.26
   
4.94
   
7.723
   
375
   
76.49
   
704
 
10
   
70
   
23,849,583.09
   
3.64
   
7.817
   
366
   
78.12
   
698
 
11
   
51
   
23,933,013.61
   
3.66
   
7.593
   
366
   
76.42
   
712
 
12
   
43
   
16,998,538.55
   
2.60
   
7.441
   
394
   
78.23
   
697
 
14
   
1
   
121,948.57
   
0.02
   
9.125
   
338
   
95.00
   
687
 
42
   
5
   
1,127,959.66
   
0.17
   
8.038
   
342
   
76.94
   
714
 
43
   
6
   
1,724,051.58
   
0.26
   
7.580
   
343
   
78.15
   
737
 
44
   
49
   
19,771,159.08
   
3.02
   
7.270
   
344
   
68.93
   
705
 
45
   
73
   
35,044,425.15
   
5.35
   
7.256
   
348
   
74.16
   
721
 
46
   
39
   
18,035,502.65
   
2.76
   
7.299
   
355
   
72.76
   
713
 
47
   
84
   
38,315,298.85
   
5.85
   
7.528
   
368
   
74.14
   
723
 
48
   
83
   
41,242,920.76
   
6.30
   
7.692
   
402
   
74.42
   
730
 
49
   
72
   
34,086,514.29
   
5.21
   
7.910
   
419
   
70.93
   
716
 
50
   
140
   
61,500,000.48
   
9.40
   
7.647
   
381
   
72.41
   
717
 
51
   
116
   
55,655,178.46
   
8.50
   
7.275
   
379
   
71.50
   
739
 
74
   
5
   
2,014,266.91
   
0.31
   
7.437
   
350
   
73.74
   
656
 
75
   
2
   
1,178,471.48
   
0.18
   
7.000
   
351
   
77.33
   
759
 
110
   
3
   
831,035.69
   
0.13
   
8.119
   
350
   
78.59
   
694
 
111
   
6
   
3,104,558.37
   
0.47
   
6.815
   
351
   
65.76
   
750
 
Total
   
1,574
 
$
654,460,367.16
   
100.00
%
 
7.662
%
 
371
   
75.35
%
 
712
 
 
The weighted average months to next payment adjustment of the adjustable rate mortgage loans was approximately 27 months as of April 1, 2008.
 
S-16

 
Delinquency Status of the Mortgage Loans
 
Delinquency Status
 
Number
of
Mortgage Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted Average Gross Coupon
 
Weighted Average Stated Remaining Term
 
Weighted Average Original Loan-To-Value
 
Weighted Average Credit Score
 
                               
30 - 59 Days
   
40
 
$
18,373,781.44
   
2.80
%
 
7.698
%
 
364
   
79.42
%
 
698
 
60 - 89 Days
   
12
   
4,366,633.08
   
0.67
   
8.085
   
344
   
82.66
   
695
 
90+ Days
   
8
   
3,020,216.43
   
0.46
   
8.357
   
355
   
80.15
   
689
 
Current
   
1,438
   
596,056,280.42
   
90.86
   
7.640
   
373
   
74.86
   
713
 
Foreclosure
   
76
   
32,425,537.54
   
4.94
   
7.880
   
356
   
79.78
   
692
 
REO
   
4
   
1,749,041.84
   
0.27
   
7.726
   
343
   
85.27
   
697
 
Total
   
1,578
 
$
655,991,490.75
   
100.00
%
 
7.660
%
 
371
   
75.33
%
 
712
 
 
30-59 Day Delinquencies of the Mortgage Loans
 
Number of 30-59 Day
Delinquencies in the 12 Months Preceding April 1, 2008
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
None
   
1,419
 
$
589,265,312.62
   
89.83
%
 
7.639
%
 
373
   
74.84
%
 
714
 
1
   
127
   
54,312,062.46
   
8.28
   
7.775
   
361
   
79.78
   
698
 
2
   
19
   
6,899,670.44
   
1.05
   
8.008
   
350
   
77.05
   
681
 
3
   
7
   
2,822,784.97
   
0.43
   
8.660
   
343
   
83.88
   
651
 
4
   
3
   
1,341,631.23
   
0.20
   
7.786
   
341
   
80.12
   
683
 
5
   
3
   
1,350,029.03
   
0.21
   
8.014
   
343
   
81.30
   
704
 
Total
   
1,578
 
$
655,991,490.75
   
100.00
%
 
7.660
%
 
371
   
75.33
%
 
712
 


 
 
60-89 Day Delinquencies of the Mortgage Loans
 
Number of 60-89 Day
Delinquencies in the 12 Months Preceding April 1, 2008
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
None
   
1,477
 
$
614,657,118.72
   
93.70
%
 
7.642
%
 
372
   
75.01
%
 
713
 
1
   
96
   
39,277,238.60
   
5.99
   
7.917
   
357
   
80.12
   
695
 
2
   
3
   
1,474,820.72
   
0.22
   
8.120
   
344
   
79.30
   
666
 
3
   
1
   
251,820.42
   
0.04
   
7.875
   
342
   
80.00
   
673
 
5
   
1
   
330,492.29
   
0.05
   
7.375
   
346
   
80.00
   
672
 
Total
   
1,578
 
$
655,991,490.75
   
100.00
%
 
7.660
%
 
371
   
75.33
%
 
712
 
 
S-17

 
90+ Day Delinquencies of the Mortgage Loans 
 
Number of 90+ Day
Delinquencies in the 12 Months Preceding April 1, 2008
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
None
   
1,551
 
$
644,100,787.74
   
98.19
%
 
7.657
%
 
371
   
75.27
%
 
712
 
1
   
17
   
7,284,595.61
   
1.11
   
7.723
   
357
   
77.23
   
702
 
2
   
4
   
2,204,229.41
   
0.34
   
7.708
   
382
   
82.52
   
696
 
3
   
3
   
1,267,447.06
   
0.19
   
8.012
   
375
   
80.53
   
671
 
5
   
3
   
1,134,430.93
   
0.17
   
8.372
   
341
   
81.57
   
681
 
Total
   
1,578
 
$
655,991,490.75
   
100.00
%
 
7.660
%
 
371
   
75.33
%
 
712
 

 
Foreclosure Status of the Mortgage Loans
 
Number of Mortgage Loans in Foreclosure
in the 12 Months preceding April 1, 2008
 
Number
of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted Average Gross Coupon
 
Weighted Average Stated Remaining Term
 
Weighted Average Original Loan-To-Value
 
Weighted Average Credit Score
 
                               
None
   
1,493
 
$
620,264,919.22
   
94.55
%
 
7.647
%
 
372
   
75.07
%
 
713
 
1
   
20
   
8,247,059.28
   
1.26
   
8.054
   
348
   
80.30
   
686
 
2
   
26
   
11,279,051.20
   
1.72
   
7.877
   
355
   
78.80
   
691
 
3
   
22
   
8,903,346.59
   
1.36
   
7.817
   
375
   
78.56
   
695
 
4
   
9
   
3,930,683.68
   
0.60
   
7.621
   
359
   
82.87
   
699
 
5
   
3
   
1,375,070.50
   
0.21
   
8.312
   
345
   
87.58
   
728
 
6
   
4
   
1,630,924.69
   
0.25
   
7.720
   
338
   
77.92
   
668
 
8
   
1
   
360,435.59
   
0.05
   
7.125
   
335
   
80.00
   
720
 
Total
   
1,578
 
$
655,991,490.75
   
100.00
%
 
7.660
%
 
371
   
75.33
%
 
712
 

 

S-18


Group 1 Mortgage Loan Statistics
 
The following statistical information, unless otherwise specified, is based upon the aggregate principal balance of the group 1 mortgage loans as of April 1, 2008.
 
The group 1 mortgage loans had the approximate characteristics shown in the following tables. The sum in any column in the following tables may not equal the total indicated due to rounding.

S-19


Stated Principal Balances of the Group 1 Mortgage Loans
 
Stated Principal Balance ($)
 
Number
of
Group 1 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
50,000.01 - 100,000.00
   
5
 
$
461,533.09
   
0.20
%
 
7.530
%
 
346
   
70.17
%
 
701
 
100,000.01 - 150,000.00
   
38
   
4,768,884.02
   
2.09
   
7.992
   
347
   
73.61
   
710
 
150,000.01 - 200,000.00
   
86
   
14,916,415.04
   
6.55
   
7.825
   
353
   
70.36
   
704
 
200,000.01 - 250,000.00
   
114
   
25,589,312.08
   
11.24
   
7.805
   
363
   
72.46
   
706
 
250,000.01 - 300,000.00
   
136
   
37,103,760.39
   
16.30
   
7.709
   
369
   
73.48
   
714
 
300,000.01 - 350,000.00
   
145
   
47,139,857.40
   
20.71
   
7.705
   
372
   
75.21
   
704
 
350,000.01 - 400,000.00
   
126
   
47,095,351.80
   
20.69
   
7.628
   
381
   
75.01
   
715
 
400,000.01 - 450,000.00
   
80
   
33,460,410.69
   
14.70
   
7.663
   
377
   
72.85
   
709
 
450,000.01 - 500,000.00
   
11
   
5,186,644.64
   
2.28
   
7.510
   
356
   
74.43
   
706
 
500,000.01 - 550,000.00
   
14
   
7,199,305.11
   
3.16
   
7.668
   
364
   
72.46
   
712
 
550,000.01 - 600,000.00
   
2
   
1,150,915.17
   
0.51
   
7.685
   
349
   
74.80
   
709
 
600,000.01 - 650,000.00
   
2
   
1,250,510.59
   
0.55
   
8.192
   
466
   
64.31
   
722
 
700,000.01 - 750,000.00
   
1
   
711,640.09
   
0.31
   
7.875
   
350
   
79.20
   
717
 
750,000.01 - 800,000.00
   
1
   
783,073.72
   
0.34
   
8.125
   
351
   
75.00
   
723
 
800,000.01 - 850,000.00
   
1
   
815,195.75
   
0.36
   
7.250
   
345
   
55.00
   
702
 
Total
   
762
 
$
227,632,809.58
   
100.00
%
 
7.706
%
 
371
   
73.64
%
 
709
 
                                             
 
The average Stated Principal Balance of the Group 1 mortgage loans was approximately $298,731 as of April 1, 2008.
 

Original Terms to Stated Maturity of the Group 1 Mortgage Loans
 
Original Term (months)
 
Number
of
Group 1 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
360
   
616
 
$
179,371,804.00
   
78.80
%
 
7.655
%
 
345
   
74.02
%
 
707
 
480
   
146
   
48,261,005.58
   
21.20
   
7.895
   
466
   
72.25
   
719
 
Total
   
762
 
$
227,632,809.58
   
100.00
%
 
7.706
%
 
371
   
73.64
%
 
709
 
 
The weighted average original term to stated maturity of the Group 1 mortgage loans was approximately 385 months as of April 1, 2008.
 
Remaining Terms to Stated Maturity of the Group 1 Mortgage Loans
 
Remaining Term (months)
 
Number of
Group 1 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
301 - 360
   
616
 
$
179,371,804.00
   
78.80
%
 
7.655
%
 
345
   
74.02
%
 
707
 
361 and above
   
146
   
48,261,005.58
   
21.20
   
7.895
   
466
   
72.25
   
719
 
Total
   
762
 
$
227,632,809.58
   
100.00
%
 
7.706
%
 
371
   
73.64
%
 
709
 
 
The weighted average remaining term to stated maturity of the Group 1 mortgage loans was approximately 371 months as of April 1, 2008.
 


S-20


Property Types of the Group 1 Mortgage Loans
 
Property Type
 
Number
of
Group 1 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
Condominium
   
92
 
$
23,718,875.09
   
10.42
%
 
7.768
%
 
371
   
75.56
%
 
713
 
Planned Unit Development
   
105
   
29,885,790.06
   
13.13
   
7.767
   
361
   
77.57
   
710
 
Single Family
   
500
   
146,421,439.00
   
64.32
   
7.695
   
375
   
73.12
   
708
 
Two-to Four-Family
   
65
   
27,606,705.43
   
12.13
   
7.644
   
362
   
70.54
   
713
 
Total
   
762
 
$
227,632,809.58
   
100.00
%
 
7.706
%
 
371
   
73.64
%
 
709
 
 
Stated Occupancy Status of the Group 1 Mortgage Loans*
 
Stated Occupancy Status
 
Number
of
Group 1 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
Investor
   
146
 
$
43,564,011.67
   
19.14
%
 
7.621
%
 
371
   
70.37
%
 
726
 
Primary
   
594
   
178,410,752.79
   
78.38
   
7.726
   
371
   
74.27
   
705
 
Second Home
   
22
   
5,658,045.12
   
2.49
   
7.699
   
352
   
79.00
   
721
 
Total
   
762
 
$
227,632,809.58
   
100.00
%
 
7.706
%
 
371
   
73.64
%
 
709
 
 
 
* In the preceding table, “stated occupancy status” refers to the intended use of the mortgaged property as represented by the borrower when the related mortgage loan was originated.

 
Product Type of the Group 1 Mortgage Loans
 
Product Type
 
Number
of
Group 1 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
Negam 10/1 MO LIBOR
   
2
 
$
695,664.69
   
0.31
%
 
8.313
%
 
350
   
78.77
%
 
676
 
Negam 10/1 MO MTA
   
1
   
135,371.00
   
0.06
   
7.125
   
350
   
77.65
   
786
 
Negam 10/6 MO LIBOR
   
2
   
629,658.01
   
0.28
   
6.710
   
351
   
42.01
   
776
 
Negam 5/1 MO LIBOR IO YRS 5-10
   
5
   
1,103,180.49
   
0.48
   
8.519
   
350
   
89.92
   
662
 
Negam 5/1 MO MTA
   
69
   
22,587,530.46
   
9.92
   
8.028
   
453
   
68.43
   
735
 
Negam 5/1 MO MTA 10 Yr NEGAM
   
137
   
44,737,324.73
   
19.65
   
7.431
   
346
   
70.55
   
714
 
Negam 5/1 MO MTA 40/30 Balloon
   
2
   
438,488.51
   
0.19
   
6.875
   
350
   
62.38
   
746
 
Negam 5/1 MO MTA IO YRS 5-10
   
32
   
9,908,575.30
   
4.35
   
7.905
   
353
   
77.54
   
703
 
Negam 5/6 MO LIBOR IO YRS 5-10
   
57
   
17,817,674.72
   
7.83
   
7.262
   
366
   
70.76
   
733
 
Negam 7/1 MO LIBOR IO YRS 8-10
   
1
   
340,532.32
   
0.15
   
8.375
   
350
   
94.29
   
711
 
Negam 7/1 MO MTA IO YRS 8-10
   
1
   
188,902.87
   
0.08
   
8.500
   
350
   
86.21
   
641
 
Negam 7/6 MO LIBOR IO YRS 8-10
   
1
   
298,436.95
   
0.13
   
6.500
   
350
   
66.67
   
697
 
Negam FIXED IO YRS 5-10
   
3
   
886,880.91
   
0.39
   
6.936
   
347
   
60.21
   
778
 
Negam MTA
   
449
   
127,864,588.62
   
56.17
   
7.794
   
368
   
75.80
   
700
 
Total
   
762
 
$
227,632,809.58
   
100.00
%
 
7.706
%
 
371
   
73.64
%
 
709
 
 

 

S-21


 
Loan Purposes of the Group 1 Mortgage Loans
 
Purpose
 
Number
of
Group 1 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
Cash Out Refinance
   
550
 
$
163,738,962.63
   
71.93
%
 
7.703
%
 
370
   
72.10
%
 
707
 
Purchase
   
38
   
10,919,227.86
   
4.80
   
7.831
   
376
   
81.46
   
729
 
Rate/Term Refinance
   
174
   
52,974,619.09
   
23.27
   
7.686
   
373
   
76.79
   
713
 
Total
   
762
 
$
227,632,809.58
   
100.00
%
 
7.706
%
 
371
   
73.64
%
 
709
 
 
Documentation Programs of the Group 1 Mortgage Loans
 
Documentation
 
Number
of
Group 1 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
Full Documentation
   
118
 
$
30,683,116.93
   
13.48
%
 
7.848
%
 
360
   
78.85
%
 
699
 
No Income/No Asset
   
36
   
11,057,344.28
   
4.86
   
7.800
   
425
   
66.45
   
705
 
No Income/Verified Asset*
   
93
   
27,288,434.78
   
11.99
   
7.314
   
377
   
73.18
   
729
 
No Documentation
   
17
   
4,021,878.16
   
1.77
   
7.821
   
344
   
61.66
   
719
 
Stated Income/Stated Asset
   
52
   
16,475,742.79
   
7.24
   
7.686
   
382
   
71.36
   
717
 
Stated Income/Verified Asset
   
446
   
138,106,292.64
   
60.67
   
7.743
   
367
   
73.77
   
707
 
Total
   
762
 
$
227,632,809.58
   
100.00
%
 
7.706
%
 
371
   
73.64
%
 
709
 
 
*Includes the “No Ratio” Documentation Type.
 
Debt-to-Income Ratios of the Group 1 Mortgage Loans
 
Debt-to-Income Ratio (%)
 
Number of
Group 1 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
0.01 - 20.00
   
41
 
$
11,693,418.56
   
5.14
%
 
7.981
%
 
376
   
74.59
%
 
692
 
20.01 - 25.00
   
62
   
15,826,659.41
   
6.95
   
7.960
   
349
   
77.58
   
699
 
25.01 - 30.00
   
74
   
19,189,934.21
   
8.43
   
7.765
   
361
   
74.57
   
709
 
30.01 - 35.00
   
132
   
39,130,733.72
   
17.19
   
7.783
   
377
   
73.94
   
715
 
35.01 - 40.00
   
270
   
84,828,719.56
   
37.27
   
7.653
   
373
   
74.43
   
710
 
40.01 - 45.00
   
112
   
35,378,760.94
   
15.54
   
7.583
   
366
   
72.33
   
709
 
45.01 - 50.00
   
20
   
7,066,595.71
   
3.10
   
7.470
   
377
   
72.60
   
713
 
50.01 - 55.00
   
1
   
336,966.90
   
0.15
   
7.750
   
461
   
94.77
   
692
 
None
   
50
   
14,181,020.57
   
6.23
   
7.635
   
383
   
64.95
   
720
 
Total
   
762
 
$
227,632,809.58
   
100.00
%
 
7.706
%
 
371
   
73.64
%
 
709
 
 
The non-zero weighted average debt-to-income ratio of the Group 1 mortgage loans was approximately 34.74% as of April 1, 2008.

S-22


 

 
Original Combined Loan-to-Value Ratios of the Group 1 Mortgage Loans
 
Original Combined
Loan-to-Value Ratio (%)
 
Number of
Group 1 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
0.01 - 49.99
   
44
 
$
10,984,689.23
   
4.83
%
 
7.320
%
 
371
   
37.62
%
 
741
 
50.00 - 54.99
   
19
   
5,386,737.73
   
2.37
   
7.275
   
359
   
52.68
   
735
 
55.00 - 59.99
   
36
   
11,372,763.92
   
5.00
   
7.460
   
394
   
57.46
   
736
 
60.00 - 64.99
   
48
   
13,656,739.18
   
6.00
   
7.490
   
367
   
62.24
   
704
 
65.00 - 69.99
   
67
   
20,680,385.55
   
9.08
   
7.519
   
374
   
67.90
   
720
 
70.00 - 74.99
   
84
   
25,047,825.54
   
11.00
   
7.648
   
375
   
72.11
   
705
 
75.00 - 79.99
   
113
   
36,678,742.30
   
16.11
   
7.729
   
375
   
77.08
   
701
 
80.00
   
245
   
76,240,757.60
   
33.49
   
7.712
   
374
   
80.00
   
709
 
80.01 - 84.99
   
12
   
3,132,717.12
   
1.38
   
8.257
   
343
   
83.03
   
715
 
85.00 - 89.99
   
54
   
13,618,459.89
   
5.98
   
8.329
   
344
   
85.78
   
688
 
90.00 - 94.99
   
28
   
7,767,953.44
   
3.41
   
8.311
   
350
   
90.97
   
693
 
95.00 - 99.99
   
12
   
3,065,038.08
   
1.35
   
8.138
   
346
   
95.00
   
691
 
Total
   
762
 
$
227,632,809.58
   
100.00
%
 
7.706
%
 
371
   
73.64
%
 
709
 
 
The weighted average original combined loan-to-value ratio of the Group 1 mortgage loans was approximately 73.64% as of April 1, 2008.

S-23


Geographic Distribution of the Group 1 Mortgage Loans
 
Geographic Location
 
Number of
Group 1 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
Arkansas
   
1
 
$
236,242.85
   
0.10
%
 
7.875
%
 
343
   
80.00
%
 
624
 
Arizona
   
35
   
7,868,182.63
   
3.46
   
7.940
   
364
   
79.10
   
701
 
California
   
468
   
154,855,155.52
   
68.03
   
7.600
   
381
   
70.92
   
715
 
Colorado
   
7
   
1,637,545.57
   
0.72
   
7.761
   
369
   
71.93
   
720
 
Connecticut
   
5
   
1,432,755.81
   
0.63
   
7.914
   
345
   
83.61
   
667
 
District of Columbia
   
1
   
281,477.08
   
0.12
   
7.500
   
342
   
70.89
   
739
 
Delaware
   
2
   
585,382.05
   
0.26
   
7.932
   
349
   
84.25
   
697
 
Florida
   
122
   
29,071,665.52
   
12.77
   
8.005
   
344
   
79.75
   
695
 
Georgia
   
3
   
751,051.87
   
0.33
   
8.206
   
346
   
83.98
   
675
 
Hawaii
   
8
   
2,084,125.11
   
0.92
   
7.451
   
345
   
70.51
   
723
 
Idaho
   
4
   
918,582.78
   
0.40
   
7.685
   
346
   
74.67
   
734
 
Illinois
   
2
   
439,701.06
   
0.19
   
7.500
   
341
   
73.58
   
694
 
Massachusetts
   
2
   
518,192.99
   
0.23
   
7.875
   
344
   
78.74
   
674
 
Maryland
   
10
   
2,857,046.42
   
1.26
   
7.896
   
345
   
79.54
   
683
 
Michigan
   
1
   
107,321.76
   
0.05
   
7.750
   
340
   
85.00
   
726
 
Minnesota
   
6
   
1,295,278.78
   
0.57
   
8.032
   
346
   
85.62
   
679
 
Missouri
   
1
   
151,855.01
   
0.07
   
8.000
   
345
   
74.46
   
651
 
North Carolina
   
4
   
1,119,024.73
   
0.49
   
7.827
   
344
   
71.21
   
700
 
New Jersey
   
5
   
1,452,209.79
   
0.64
   
8.186
   
343
   
82.90
   
660
 
Nevada
   
12
   
3,227,540.49
   
1.42
   
7.902
   
356
   
85.33
   
691
 
New York
   
9
   
3,234,402.18
   
1.42
   
7.920
   
346
   
77.94
   
693
 
Ohio
   
3
   
673,847.28
   
0.30
   
8.153
   
345
   
87.93
   
714
 
Oregon
   
5
   
1,334,366.43
   
0.59
   
7.573
   
345
   
73.93
   
683
 
Pennsylvania
   
7
   
1,081,864.18
   
0.48
   
7.897
   
344
   
83.83
   
728
 
Rhode Island
   
2
   
429,893.17
   
0.19
   
8.315
   
341
   
82.59
   
685
 
South Carolina
   
5
   
1,190,752.46
   
0.52
   
7.660
   
343
   
77.18
   
691
 
Tennessee
   
1
   
163,322.00
   
0.07
   
8.875
   
342
   
85.00
   
779
 
Texas
   
1
   
300,072.30
   
0.13
   
7.625
   
343
   
84.33
   
768
 
Utah
   
4
   
1,015,515.76
   
0.45
   
7.823
   
346
   
79.17
   
759
 
Virginia
   
2
   
686,718.86
   
0.30
   
8.476
   
347
   
81.69
   
665
 
Washington
   
22
   
6,134,598.05
   
2.69
   
7.857
   
379
   
78.92
   
722
 
Wisconsin
   
2
   
497,119.09
   
0.22
   
7.807
   
345
   
83.69
   
726
 
Total
   
762
 
$
227,632,809.58
   
100.00
%
 
7.706
%
 
371
   
73.64
%
 
709
 
 
As of April 1, 2008, the greatest five-digit ZIP Code geographic concentration of Group 1 mortgage loans by Stated Principal Balance was approximately 0.97% in the 90805 ZIP Code.

S-24


 
Loan Rates of the Group 1 Mortgage Loans
 
Loan Rate (%)
 
Number of
Group 1 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
5.500 - 5.999
   
1
 
$
354,139.65
   
0.16
%
 
5.875
%
 
350
   
79.78
%
 
751
 
6.000 - 6.499
   
5
   
1,266,627.99
   
0.56
   
6.293
   
365
   
57.90
   
738
 
6.500 - 6.999
   
58
   
17,715,691.19
   
7.78
   
6.776
   
357
   
65.32
   
735
 
7.000 - 7.499
   
158
   
49,042,062.58
   
21.54
   
7.221
   
356
   
69.70
   
717
 
7.500 - 7.999
   
294
   
91,368,819.18
   
40.14
   
7.711
   
374
   
74.11
   
707
 
8.000 - 8.499
   
171
   
48,575,263.83
   
21.34
   
8.176
   
383
   
76.77
   
706
 
8.500 - 8.999
   
60
   
15,613,459.48
   
6.86
   
8.602
   
381
   
80.83
   
687
 
9.000 - 9.499
   
14
   
3,537,970.01
   
1.55
   
9.135
   
345
   
87.65
   
667
 
9.500 - 9.999
   
1
   
158,775.67
   
0.07
   
9.500
   
350
   
87.43
   
679
 
Total
   
762
 
$
227,632,809.58
   
100.00
%
 
7.706
%
 
371
   
73.64
%
 
709
 
 
The weighted average loan rate of the Group 1 mortgage loans as of April 1, 2008 was approximately 7.706%.
 
Maximum Loan Rates of the Group 1 Adjustable Rate Mortgage Loans
 
Maximum Loan Rate (%)
 
Number of
Group 1 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
8.500 - 8.999
   
1
 
$
193,261.64
   
0.09
%
 
7.375
%
 
344
   
80.00
%
 
736
 
9.500 - 9.999
   
341
   
109,842,952.09
   
48.44
   
7.552
   
373
   
71.85
   
708
 
10.500 - 10.999
   
174
   
45,025,638.06
   
19.86
   
7.775
   
343
   
75.98
   
696
 
11.000 - 11.499
   
76
   
19,400,656.08
   
8.56
   
8.206
   
345
   
82.02
   
706
 
11.500 - 11.999
   
21
   
6,634,888.70
   
2.93
   
7.100
   
374
   
68.97
   
736
 
12.000 - 12.499
   
17
   
5,471,401.33
   
2.41
   
7.183
   
366
   
71.83
   
742
 
12.500 - 12.999
   
89
   
27,591,761.99
   
12.17
   
7.858
   
394
   
73.83
   
719
 
13.000 - 13.499
   
27
   
8,236,114.10
   
3.63
   
8.188
   
425
   
70.72
   
722
 
13.500 - 13.999
   
13
   
4,349,254.68
   
1.92
   
8.500
   
469
   
73.47
   
721
 
Total
   
759
 
$
226,745,928.67
   
100.00
%
 
7.709
%
 
371
   
73.69
%
 
709
 
 
The weighted average maximum loan rate of the Group 1 adjustable rate mortgage loans was approximately 10.856% as of April 1, 2008.
Minimum Loan Rates of the Group 1 Adjustable Rate Mortgage Loans
 
Minimum Loan Rate (%)
 
Number of
Group 1 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
2.000 - 2.499
   
162
 
$
51,878,743.06
   
22.88
%
 
7.413
%
 
346
   
71.16
%
 
713
 
2.500 - 2.999
   
115
   
35,041,400.91
   
15.45
   
7.166
   
363
   
69.81
   
722
 
3.000 - 3.499
   
242
   
74,865,928.20
   
33.02
   
7.712
   
393
   
72.27
   
717
 
3.500 - 3.999
   
164
   
46,285,749.51
   
20.41
   
8.065
   
378
   
78.11
   
692
 
4.000 - 4.499
   
58
   
14,253,507.87
   
6.29
   
8.551
   
355
   
81.52
   
683
 
4.500 - 4.999
   
17
   
4,042,556.94
   
1.78
   
8.928
   
342
   
86.85
   
695
 
5.000 - 5.499
   
1
   
378,042.18
   
0.17
   
9.375
   
345
   
87.90
   
661
 
Total
   
759
 
$
226,745,928.67
   
100.00
%
 
7.709
%
 
371
   
73.69
%
 
709
 
 
The weighted average minimum loan rate of the Group 1 adjustable rate mortgage loans was approximately 3.128% as of April 1, 2008.
 


S-25


Gross Margins of the Group 1 Adjustable Rate Mortgage Loans
 
Gross Margin (%)
 
Number of
Group 1 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
2.000 - 2.499
   
162
 
$
51,878,743.06
   
22.88
%
 
7.413
%
 
346
   
71.16
%
 
713
 
2.500 - 2.999
   
115
   
35,041,400.91
   
15.45
   
7.166
   
363
   
69.81
   
722
 
3.000 - 3.499
   
242
   
74,865,928.20
   
33.02
   
7.712
   
393
   
72.27
   
717
 
3.500 - 3.999
   
164
   
46,285,749.51
   
20.41
   
8.065
   
378
   
78.11
   
692
 
4.000 - 4.499
   
58
   
14,253,507.87
   
6.29
   
8.551
   
355
   
81.52
   
683
 
4.500 - 4.999
   
17
   
4,042,556.94
   
1.78
   
8.928
   
342
   
86.85
   
695
 
5.000 - 5.499
   
1
   
378,042.18
   
0.17
   
9.375
   
345
   
87.90
   
661
 
Total
   
759
 
$
226,745,928.67
   
100.00
%
 
7.709
%
 
371
   
73.69
%
 
709
 
 
The weighted average gross margin of the Group 1 adjustable rate mortgage loans was approximately 3.128% as of April 1, 2008.

 
Credit Scores of the Group 1 Mortgage Loans
 
Credit Score
 
Number of
Group 1 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
600 - 624
   
6
 
$
1,516,225.13
   
0.67
%
 
8.132
%
 
394
   
76.93
%
 
622
 
625 - 649
   
52
   
15,513,313.03
   
6.82
   
7.948
   
362
   
76.99
   
640
 
650 - 674
   
138
   
40,052,793.79
   
17.60
   
7.849
   
363
   
75.53
   
665
 
675 - 699
   
161
   
47,935,182.19
   
21.06
   
7.752
   
371
   
75.01
   
687
 
700 - 724
   
152
   
47,178,578.15
   
20.73
   
7.684
   
367
   
75.29
   
712
 
725 - 749
   
93
   
27,977,468.05
   
12.29
   
7.695
   
376
   
72.54
   
737
 
750 - 774
   
82
   
23,507,889.59
   
10.33
   
7.506
   
379
   
69.98
   
763
 
775 - 799
   
56
   
17,572,733.57
   
7.72
   
7.426
   
384
   
70.06
   
786
 
800 and above
   
22
   
6,378,626.08
   
2.80
   
7.470
   
386
   
58.59
   
806
 
Total
   
762
 
$
227,632,809.58
   
100.00
%
 
7.706
%
 
371
   
73.64
%
 
709
 
 
The weighted average credit score of the Group 1 mortgage loans was approximately 709 as of April 1, 2008.

S-26


 

 
Original Prepayment Penalty Periods of the Group 1 Mortgage Loans
 
Original Prepayment
Penalty Period (months)
 
Number of
Group 1 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
None
   
133
 
$
39,018,898.52
   
17.14
%
 
7.675
%
 
349
   
74.47
%
 
702
 
12
   
132
   
44,442,895.67
   
19.52
   
7.482
   
371
   
71.80
   
713
 
24
   
61
   
16,641,715.37
   
7.31
   
7.738
   
359
   
78.64
   
703
 
36
   
436
   
127,529,300.02
   
56.02
   
7.788
   
379
   
73.38
   
711
 
Total
   
762
 
$
227,632,809.58
   
100.00
%
 
7.706
%
 
371
   
73.64
%
 
709
 
 
Negative Amortization Limits of the Group 1 Mortgage Loans
 
Negative Amortization Limit (%)
 
Number of
Group 1 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
110
   
334
 
$
93,363,652.85
   
41.02
%
 
7.853
%
 
354
   
76.50
%
 
699
 
115
   
344
   
109,072,299.23
   
47.92
   
7.501
   
372
   
72.00
   
715
 
120
   
84
   
25,196,857.50
   
11.07
   
8.047
   
430
   
70.16
   
728
 
Total
   
762
 
$
227,632,809.58
   
100.00
%
 
7.706
%
 
371
   
73.64
%
 
709
 
 

 

S-27


Months to Next Payment Adjustment Date of the Group 1 Adjustable Rate Mortgage Loans
 
Months to Next Payment Adjustment Date
 
Number of
Group 1 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
1
   
10
 
$
2,616,590.43
   
1.15
%
 
7.490
%
 
385
   
78.32
%
 
701
 
2
   
1
   
418,958.92
   
0.18
   
7.875
   
350
   
65.85
   
760
 
3
   
4
   
1,153,389.02
   
0.51
   
7.928
   
376
   
70.46
   
666
 
4
   
4
   
794,494.29
   
0.35
   
8.029
   
371
   
74.26
   
667
 
5
   
68
   
18,356,099.56
   
8.10
   
7.917
   
359
   
76.96
   
703
 
6
   
86
   
24,804,980.17
   
10.94
   
7.831
   
369
   
74.83
   
695
 
7
   
79
   
23,529,766.56
   
10.38
   
7.872
   
362
   
76.33
   
701
 
8
   
60
   
17,387,497.36
   
7.67
   
7.847
   
359
   
74.10
   
702
 
9
   
55
   
15,435,636.54
   
6.81
   
7.705
   
374
   
75.85
   
695
 
10
   
41
   
12,033,763.44
   
5.31
   
7.694
   
366
   
76.85
   
705
 
11
   
16
   
4,938,337.56
   
2.18
   
7.572
   
388
   
75.68
   
714
 
12
   
26
   
6,814,033.69
   
3.01
   
7.535
   
398
   
77.00
   
711
 
42
   
5
   
1,127,959.66
   
0.50
   
8.038
   
342
   
76.94
   
714
 
43
   
3
   
759,737.77
   
0.34
   
7.660
   
343
   
75.80
   
717
 
44
   
35
   
11,071,392.61
   
4.88
   
7.401
   
344
   
69.36
   
703
 
45
   
37
   
12,480,208.81
   
5.50
   
7.343
   
345
   
72.54
   
717
 
46
   
22
   
6,881,995.68
   
3.04
   
7.476
   
352
   
67.32
   
727
 
47
   
32
   
11,184,067.51
   
4.93
   
7.574
   
363
   
68.48
   
721
 
48
   
29
   
9,727,201.59
   
4.29
   
7.838
   
436
   
74.39
   
733
 
49
   
35
   
11,460,090.72
   
5.05
   
8.006
   
435
   
67.33
   
715
 
50
   
66
   
18,828,974.66
   
8.30
   
7.756
   
367
   
76.25
   
712
 
51
   
37
   
12,652,186.28
   
5.58
   
7.267
   
375
   
67.34
   
745
 
74
   
3
   
827,872.14
   
0.37
   
7.728
   
350
   
82.49
   
690
 
110
   
3
   
831,035.69
   
0.37
   
8.119
   
350
   
78.59
   
694
 
111
   
2
   
629,658.01
   
0.28
   
6.710
   
351
   
42.01
   
776
 
Total
   
759
 
$
226,745,928.67
   
100.00
%
 
7.709
%
 
371
   
73.69
%
 
709
 
 
The weighted average months to next payment adjustment of the Group 1 adjustable rate mortgage loans was approximately 25 months as of April 1, 2008.

 
Months to Next Rate Adjustment Date of the Group 1 Adjustable Rate Mortgage Loans
 
Months to Next
Rate Adjustment Date
 
Number of
Group 1 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
1
   
449
 
$
127,864,588.62
   
56.39
%
 
7.794
%
 
368
   
75.80
%
 
700
 
42
   
5
   
1,127,959.66
   
0.50
   
8.038
   
342
   
76.94
   
714
 
43
   
3
   
759,737.77
   
0.34
   
7.660
   
343
   
75.80
   
717
 
44
   
35
   
11,071,392.61
   
4.88
   
7.401
   
344
   
69.36
   
703
 
45
   
37
   
12,480,208.81
   
5.50
   
7.343
   
345
   
72.54
   
717
 
46
   
22
   
6,881,995.68
   
3.04
   
7.476
   
352
   
67.32
   
727
 
47
   
32
   
11,184,067.51
   
4.93
   
7.574
   
363
   
68.48
   
721
 
48
   
29
   
9,727,201.59
   
4.29
   
7.838
   
436
   
74.39
   
733
 
49
   
35
   
11,460,090.72
   
5.05
   
8.006
   
435
   
67.33
   
715
 
50
   
67
   
19,247,933.58
   
8.49
   
7.759
   
366
   
76.03
   
713
 
51
   
37
   
12,652,186.28
   
5.58
   
7.267
   
375
   
67.34
   
745
 
74
   
3
   
827,872.14
   
0.37
   
7.728
   
350
   
82.49
   
690
 
110
   
3
   
831,035.69
   
0.37
   
8.119
   
350
   
78.59
   
694
 
111
   
2
   
629,658.01
   
0.28
   
6.710
   
351
   
42.01
   
776
 
Total
   
759
 
$
226,745,928.67
   
100.00
%
 
7.709
%
 
371
   
73.69
%
 
709
 
 
The weighted average months to next rate adjustment of the Group 1 adjustable rate mortgage loans was approximately 22 months as of April 1, 2008.
 

S-28


 
Delinquency Status of the Group 1 Mortgage Loans
 
Delinquency Status
 
Number of
Group 1 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted Average Gross Coupon
 
Weighted Average Stated Remaining Term
 
Weighted Average Original Loan-To-Value
 
Weighted Average Credit Score
 
                               
30 - 59 Days
   
17
 
$
5,462,965.73
   
2.40
%
 
7.841
%
 
363
   
79.54
%
 
684
 
60 - 89 Days
   
5
   
1,462,018.64
   
0.64
   
7.821
   
344
   
82.00
   
681
 
90+ Days
   
2
   
759,859.48
   
0.33
   
7.625
   
403
   
80.00
   
711
 
Current
   
705
   
209,317,253.32
   
91.95
   
7.698
   
372
   
73.09
   
711
 
Foreclosure
   
31
   
9,871,932.72
   
4.34
   
7.797
   
356
   
78.85
   
686
 
REO
   
2
   
758,779.69
   
0.33
   
7.589
   
344
   
92.14
   
718
 
Total
   
762
 
$
227,632,809.58
   
100.00
%
 
7.706
%
 
371
   
73.64
%
 
709
 
 
30-59 Day Delinquencies of the Group 1 Mortgage Loans
 
Number of 30-59 Day
Delinquencies in the 12 Months Preceding April 1, 2008
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
None
   
694
 
$
206,822,774.54
   
90.86
%
 
7.694
%
 
372
   
73.12
%
 
712
 
1
   
57
   
17,679,851.63
   
7.77
   
7.751
   
359
   
78.42
   
690
 
2
   
7
   
1,846,972.48
   
0.81
   
7.993
   
367
   
78.66
   
665
 
3
   
2
   
592,499.11
   
0.26
   
9.285
   
344
   
86.85
   
653
 
5
   
2
   
690,711.82
   
0.30
   
8.003
   
343
   
82.53
   
664
 
Total
   
762
 
$
227,632,809.58
   
100.00
%
 
7.706
%
 
371
   
73.64
%
 
709
 
 
60-89 Day Delinquencies of the Group 1 Mortgage Loans
 
Number of 60-89 Day
Delinquencies in the 12 Months Preceding April 1, 2008
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
None
   
721
 
$
214,253,628.83
   
94.12
%
 
7.703
%
 
371
   
73.31
%
 
711
 
1
   
38
   
12,403,421.39
   
5.45
   
7.753
   
364
   
78.94
   
692
 
2
   
1
   
393,446.65
   
0.17
   
7.750
   
344
   
80.00
   
673
 
3
   
1
   
251,820.42
   
0.11
   
7.875
   
342
   
80.00
   
673
 
5
   
1
   
330,492.29
   
0.15
   
7.375
   
346
   
80.00
   
672
 
Total
   
762
 
$
227,632,809.58
   
100.00
%
 
7.706
%
 
371
   
73.64
%
 
709
 
 

 

S-29


 
90+ Day Delinquencies of the Group 1 Mortgage Loans
 
Number of 90+ Day
Delinquencies in the 12 Months Preceding April 1, 2008
 
Number of
Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
None
   
754
 
$
225,005,854.87
   
98.85
%
 
7.708
%
 
371
   
73.59
%
 
710
 
1
   
5
   
1,615,274.81
   
0.71
   
7.387
   
343
   
77.49
   
673
 
2
   
1
   
251,820.42
   
0.11
   
7.875
   
342
   
80.00
   
673
 
3
   
1
   
352,968.25
   
0.16
   
7.625
   
468
   
80.00
   
694
 
5
   
1
   
406,891.23
   
0.18
   
7.625
   
347
   
80.00
   
725
 
Total
   
762
 
$
227,632,809.58
   
100.00
%
 
7.706
%
 
371
   
73.64
%
 
709
 

 
Foreclosure Status of the Group 1 Mortgage Loans
 
Number of Mortgage Loans in Foreclosure
in the 12 Months preceding April 1, 2008
 
Number of
Group 1 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted Average Gross Coupon
 
Weighted Average Stated Remaining Term
 
Weighted Average Original Loan-To-Value
 
Weighted Average Credit Score
 
                               
None
   
726
 
$
216,129,701.86
   
94.95
%
 
7.701
%
 
371
   
73.36
%
 
711
 
1
   
9
   
2,820,502.25
   
1.24
   
7.901
   
359
   
77.99
   
680
 
2
   
11
   
3,366,654.86
   
1.48
   
7.837
   
357
   
77.29
   
689
 
3
   
12
   
3,943,485.26
   
1.73
   
7.747
   
375
   
77.68
   
688
 
4
   
3
   
1,047,378.05
   
0.46
   
7.528
   
342
   
85.64
   
682
 
5
   
1
   
325,087.30
   
0.14
   
7.375
   
345
   
95.00
   
762
 
Total
   
762
 
$
227,632,809.58
   
100.00
%
 
7.706
%
 
371
   
73.64
%
 
709
 
 


S-30


Group 2 Mortgage Loan Statistics
 
The following statistical information, unless otherwise specified, is based upon the aggregate principal balance of the group 2 mortgage loans as of April 1, 2008.
 
The group 2 mortgage loans had the approximate characteristics shown in the following tables. The sum in any column in the following tables may not equal the total indicated due to rounding.

S-31



Stated Principal Balances of the Group 2 Mortgage Loans
 
Stated Principal Balance ($)
 
Number
of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
50,000.01 - 100,000.00
   
1
 
$
85,931.58
   
0.02
%
 
8.250
%
 
335
   
70.76
%
 
664
 
100,000.01 - 150,000.00
   
11
   
1,429,612.46
   
0.33
   
8.377
   
342
   
82.19
   
676
 
150,000.01 - 200,000.00
   
30
   
5,239,119.36
   
1.22
   
8.393
   
347
   
85.01
   
705
 
200,000.01 - 250,000.00
   
40
   
9,152,441.57
   
2.14
   
8.250
   
352
   
82.04
   
700
 
250,000.01 - 300,000.00
   
37
   
10,096,344.93
   
2.36
   
8.133
   
368
   
79.82
   
698
 
300,000.01 - 350,000.00
   
63
   
20,604,931.72
   
4.81
   
8.149
   
357
   
83.59
   
697
 
350,000.01 - 400,000.00
   
46
   
17,026,826.73
   
3.97
   
7.728
   
380
   
79.46
   
716
 
400,000.01 - 450,000.00
   
73
   
31,461,559.58
   
7.34
   
7.722
   
365
   
79.26
   
716
 
450,000.01 - 500,000.00
   
118
   
56,007,622.36
   
13.07
   
7.713
   
369
   
76.76
   
712
 
500,000.01 - 550,000.00
   
115
   
59,961,573.17
   
14.00
   
7.624
   
370
   
77.18
   
704
 
550,000.01 - 600,000.00
   
69
   
39,722,920.59
   
9.27
   
7.649
   
380
   
76.63
   
711
 
600,000.01 - 650,000.00
   
44
   
27,544,924.97
   
6.43
   
7.469
   
370
   
75.63
   
713
 
650,000.01 - 700,000.00
   
46
   
31,078,604.53
   
7.26
   
7.485
   
372
   
76.21
   
717
 
700,000.01 - 750,000.00
   
24
   
17,172,143.70
   
4.01
   
7.539
   
372
   
74.44
   
713
 
750,000.01 - 800,000.00
   
20
   
15,486,394.76
   
3.62
   
7.580
   
375
   
74.51
   
726
 
800,000.01 - 850,000.00
   
15
   
12,374,928.11
   
2.89
   
7.445
   
386
   
73.69
   
711
 
850,000.01 - 900,000.00
   
6
   
5,269,864.84
   
1.23
   
7.604
   
385
   
71.21
   
724
 
900,000.01 - 950,000.00
   
7
   
6,478,362.16
   
1.51
   
7.420
   
382
   
74.40
   
706
 
950,000.01 - 1,000,000.00
   
8
   
7,830,783.88
   
1.83
   
7.401
   
392
   
72.43
   
704
 
1,000,000.01 and above
   
43
   
54,333,790.17
   
12.68
   
7.317
   
372
   
69.36
   
730
 
Total
   
816
 
$
428,358,681.17
   
100.00
%
 
7.635
%
 
371
   
76.23
%
 
713
 
 
The average Stated Principal Balance of the Group 2 mortgage loans was approximately $524,949 as of April 1, 2008.
 

Original Terms to Stated Maturity of the Group 2 Mortgage Loans
 
Original Term (months)
 
Number
of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
360
   
650
 
$
332,640,998.96
   
77.65
%
 
7.569
%
 
344
   
77.45
%
 
711
 
480
   
166
   
95,717,682.21
   
22.35
   
7.865
   
466
   
72.00
   
720
 
Total
   
816
 
$
428,358,681.17
   
100.00
%
 
7.635
%
 
371
   
76.23
%
 
713
 
 
The weighted average original term to stated maturity of the Group 2 mortgage loans was approximately 387 months as of April 1, 2008.
 
S-32

 
Remaining Terms to Stated Maturity of the Group 2 Mortgage Loans
 
Remaining Term (months)
 
Number of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
301 - 360
   
650
 
$
332,640,998.96
   
77.65
%
 
7.569
%
 
344
   
77.45
%
 
711
 
361 and above
   
166
   
95,717,682.21
   
22.35
   
7.865
   
466
   
72.00
   
720
 
Total
   
816
 
$
428,358,681.17
   
100.00
%
 
7.635
%
 
371
   
76.23
%
 
713
 
 
The weighted average remaining term to stated maturity of the Group 2 mortgage loans was approximately 371 months as of April 1, 2008.

Property Types of the Group 2 Mortgage Loans
 
Property Type
 
Number
of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
Condominium
   
89
 
$
33,771,567.30
   
7.88
%
 
7.969
%
 
366
   
81.74
%
 
717
 
Planned Unit Development
   
138
   
72,859,587.98
   
17.01
   
7.647
   
367
   
76.33
   
706
 
Single Family
   
543
   
297,246,490.16
   
69.39
   
7.608
   
374
   
75.79
   
714
 
Two-to Four-Family
   
46
   
24,481,035.73
   
5.72
   
7.475
   
359
   
73.70
   
716
 
Total
   
816
 
$
428,358,681.17
   
100.00
%
 
7.635
%
 
371
   
76.23
%
 
713
 
 
Stated Occupancy Status of the Group 2 Mortgage Loans*
 
Stated Occupancy Status
 
Number
of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
Investor
   
61
 
$
31,363,220.13
   
7.32
%
 
7.363
%
 
349
   
71.21
%
 
732
 
Primary
   
732
   
382,678,370.48
   
89.34
   
7.662
   
373
   
76.68
   
711
 
Second Home
   
23
   
14,317,090.56
   
3.34
   
7.511
   
367
   
75.23
   
716
 
Total
   
816
 
$
428,358,681.17
   
100.00
%
 
7.635
%
 
371
   
76.23
%
 
713
 
 
 
* In the preceding table, “stated occupancy status” refers to the intended use of the mortgaged property as represented by the borrower when the related mortgage loan was originated.

 

S-33


Product Type of the Group 2 Mortgage Loans
 
Product Type
 
Number
of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
1 MO COFI IO
   
1
 
$
3,315,000.00
   
0.77
%
 
6.250
%
 
306
   
65.64
%
 
748
 
3/27 6 MO LIBOR 40/30 Balloon
   
1
   
121,948.57
   
0.03
   
9.125
   
338
   
95.00
   
687
 
6 MO COFI
   
8
   
4,855,151.57
   
1.13
   
6.281
   
305
   
64.78
   
735
 
6 MO LIBOR IO
   
2
   
550,440.35
   
0.13
   
8.026
   
327
   
79.95
   
749
 
Negam 10/6 MO LIBOR
   
4
   
2,474,900.36
   
0.58
   
6.842
   
351
   
71.80
   
744
 
Negam 5/1 MO LIBOR IO YRS 5-10
   
2
   
982,312.22
   
0.23
   
8.326
   
350
   
90.00
   
682
 
Negam 5/1 MO MTA
   
112
   
62,119,762.45
   
14.50
   
7.957
   
443
   
68.94
   
721
 
Negam 5/1 MO MTA 10 Yr NEGAM
   
101
   
63,310,734.65
   
14.78
   
7.106
   
346
   
72.52
   
716
 
Negam 5/1 MO MTA 40/30 Balloon
   
4
   
1,587,114.66
   
0.37
   
7.273
   
350
   
76.14
   
744
 
Negam 5/1 MO MTA IO YRS 5-10
   
43
   
28,253,101.80
   
6.60
   
7.483
   
357
   
76.64
   
728
 
Negam 5/6 MO LIBOR IO YRS 5-10
   
96
   
50,396,720.25
   
11.77
   
7.366
   
359
   
76.98
   
731
 
Negam 5/6 MO LIBOR IO YRS 8-10
   
11
   
5,426,637.95
   
1.27
   
7.355
   
367
   
76.42
   
755
 
Negam 7/1 MO MTA IO YRS 8-10
   
2
   
1,186,394.77
   
0.28
   
7.234
   
350
   
67.64
   
631
 
Negam 7/6 MO LIBOR IO YRS 8-10
   
2
   
1,178,471.48
   
0.28
   
7.000
   
351
   
77.33
   
759
 
Negam FIXED IO YRS 5-10
   
1
   
644,242.68
   
0.15
   
6.500
   
349
   
77.44
   
722
 
Negam LIBOR
   
1
   
913,465.60
   
0.21
   
5.750
   
468
   
80.00
   
655
 
Negam MTA
   
425
   
201,042,281.81
   
46.93
   
7.880
   
366
   
79.85
   
700
 
Total
   
816
 
$
428,358,681.17
   
100.00
%
 
7.635
%
 
371
   
76.23
%
 
713
 
 
Loan Purposes of the Group 2 Mortgage Loans
 
Purpose
 
Number
of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
Cash Out Refinance
   
328
 
$
185,408,223.68
   
43.28
%
 
7.582
%
 
382
   
71.60
%
 
709
 
Purchase
   
296
   
130,395,350.70
   
30.44
   
7.824
   
358
   
82.19
   
714
 
Rate/Term Refinance
   
192
   
112,555,106.79
   
26.28
   
7.505
   
369
   
76.95
   
718
 
Total
   
816
 
$
428,358,681.17
   
100.00
%
 
7.635
%
 
371
   
76.23
%
 
713
 
 
Documentation Programs of the Group 2 Mortgage Loans
 
Documentation
 
Number
of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
Full Documentation
   
151
 
$
62,513,924.49
   
14.59
%
 
7.873
%
 
345
   
82.90
%
 
701
 
No Income/No Asset
   
47
   
24,364,599.14
   
5.69
   
7.814
   
409
   
72.79
   
715
 
No Income/Verified Asset*
   
112
   
61,362,136.15
   
14.32
   
7.255
   
368
   
76.23
   
726
 
No Documentation
   
4
   
1,888,494.24
   
0.44
   
8.070
   
344
   
67.55
   
730
 
Reduced Documentation
   
36
   
18,963,318.40
   
4.43
   
7.640
   
352
   
77.79
   
707
 
Stated Income/Stated Asset
   
37
   
17,995,615.81
   
4.20
   
7.791
   
398
   
69.35
   
712
 
Stated Income/Verified Asset
   
429
   
241,270,592.94
   
56.32
   
7.637
   
375
   
75.31
   
713
 
Total
   
816
 
$
428,358,681.17
   
100.00
%
 
7.635
%
 
371
   
76.23
%
 
713
 
 
*Includes the “No Ratio” Documentation Type.

S-34


 
Debt-to-Income Ratios of the Group 2 Mortgage Loans
 
Debt-to-Income Ratio (%)
 
Number of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
0.01 - 20.00
   
41
 
$
21,087,464.67
   
4.92
%
 
7.838
%
 
360
   
73.81
%
 
707
 
20.01 - 25.00
   
52
   
21,843,101.11
   
5.10
   
7.954
   
356
   
81.02
   
700
 
25.01 - 30.00
   
56
   
24,568,390.38
   
5.74
   
7.758
   
353
   
78.04
   
710
 
30.01 - 35.00
   
109
   
54,622,290.49
   
12.75
   
7.555
   
361
   
76.51
   
724
 
35.01 - 40.00
   
324
   
177,767,189.85
   
41.50
   
7.718
   
377
   
76.65
   
710
 
40.01 - 45.00
   
140
   
77,353,953.69
   
18.06
   
7.424
   
373
   
76.16
   
713
 
45.01 - 50.00
   
30
   
15,831,550.89
   
3.70
   
7.236
   
376
   
71.55
   
709
 
50.01 - 55.00
   
4
   
4,817,188.11
   
1.12
   
6.629
   
318
   
70.09
   
731
 
None
   
60
   
30,467,551.98
   
7.11
   
7.734
   
393
   
73.66
   
724
 
Total
   
816
 
$
428,358,681.17
   
100.00
%
 
7.635
%
 
371
   
76.23
%
 
713
 
 
The non-zero weighted average debt-to-income ratio of the Group 2 mortgage loans was approximately 35.81% as of April 1, 2008.

 
Original Combined Loan-to-Value Ratios of the Group 2 Mortgage Loans
 
Original Combined
Loan-to-Value Ratio (%)
 
Number of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
0.01 - 49.99
   
24
 
$
12,393,505.85
   
2.89
%
 
7.817
%
 
442
   
40.21
%
 
737
 
50.00 - 54.99
   
13
   
7,935,204.80
   
1.85
   
7.054
   
377
   
52.68
   
725
 
55.00 - 59.99
   
13
   
6,441,984.51
   
1.50
   
7.528
   
401
   
57.38
   
695
 
60.00 - 64.99
   
29
   
17,851,207.29
   
4.17
   
7.305
   
364
   
62.49
   
717
 
65.00 - 69.99
   
52
   
39,786,805.57
   
9.29
   
7.221
   
370
   
67.62
   
718
 
70.00 - 74.99
   
63
   
39,796,953.42
   
9.29
   
7.279
   
362
   
72.11
   
708
 
75.00 - 79.99
   
155
   
94,007,445.65
   
21.95
   
7.539
   
378
   
76.89
   
719
 
80.00
   
294
   
147,895,120.19
   
34.53
   
7.615
   
376
   
80.00
   
716
 
80.01 - 84.99
   
14
   
6,392,826.69
   
1.49
   
8.245
   
342
   
83.49
   
694
 
85.00 - 89.99
   
39
   
14,501,397.06
   
3.39
   
8.254
   
343
   
85.75
   
698
 
90.00 - 94.99
   
41
   
16,566,373.68
   
3.87
   
8.440
   
343
   
90.44
   
690
 
95.00 - 99.99
   
78
   
24,359,190.93
   
5.69
   
8.678
   
343
   
95.00
   
685
 
100.00
   
1
   
430,665.53
   
0.10
   
7.625
   
350
   
100.00
   
704
 
Total
   
816
 
$
428,358,681.17
   
100.00
%
 
7.635
%
 
371
   
76.23
%
 
713
 
 
The weighted average original combined loan-to-value ratio of the Group 2 mortgage loans was approximately 76.23% as of April 1, 2008.
 


S-35


Geographic Distribution of the Group 2 Mortgage Loans
 
Geographic Location
 
Number of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
Alabama
   
1
 
$
345,288.94
   
0.08
%
 
7.875
%
 
345
   
85.00
%
 
682
 
Arizona
   
11
   
6,421,482.14
   
1.50
   
7.618
   
352
   
77.26
   
707
 
Arkansas
   
2
   
694,041.10
   
0.16
   
8.189
   
344
   
81.76
   
662
 
California
   
566
   
327,290,172.74
   
76.41
   
7.498
   
379
   
74.13
   
718
 
Colorado
   
2
   
559,385.78
   
0.13
   
8.561
   
344
   
88.64
   
685
 
Connecticut
   
2
   
928,424.03
   
0.22
   
8.655
   
341
   
78.56
   
761
 
Florida
   
122
   
42,819,642.70
   
10.00
   
8.316
   
342
   
85.60
   
692
 
Georgia
   
1
   
459,798.51
   
0.11
   
8.375
   
344
   
85.00
   
708
 
Hawaii
   
3
   
1,313,833.67
   
0.31
   
7.740
   
378
   
60.24
   
727
 
Idaho
   
2
   
713,909.95
   
0.17
   
7.750
   
347
   
62.15
   
698
 
Illinois
   
1
   
471,020.32
   
0.11
   
7.625
   
347
   
86.32
   
723
 
Indiana
   
3
   
466,500.21
   
0.11
   
8.487
   
342
   
93.02
   
693
 
Maryland
   
11
   
5,322,525.17
   
1.24
   
7.680
   
342
   
81.71
   
685
 
Massachusetts
   
3
   
936,261.98
   
0.22
   
8.361
   
342
   
81.41
   
716
 
Michigan
   
6
   
1,311,206.04
   
0.31
   
8.308
   
346
   
87.54
   
693
 
Minnesota
   
3
   
1,587,286.37
   
0.37
   
7.865
   
342
   
83.59
   
682
 
Nevada
   
8
   
4,471,221.16
   
1.04
   
7.984
   
355
   
82.12
   
730
 
New Jersey
   
7
   
3,026,938.93
   
0.71
   
8.137
   
341
   
85.66
   
694
 
New Mexico
   
1
   
978,392.36
   
0.23
   
6.875
   
336
   
80.00
   
696
 
New York
   
12
   
6,538,894.92
   
1.53
   
7.762
   
344
   
78.67
   
687
 
North Carolina
   
5
   
3,388,495.72
   
0.79
   
7.889
   
345
   
84.80
   
681
 
Ohio
   
2
   
738,363.91
   
0.17
   
8.216
   
341
   
88.58
   
705
 
Pennsylvania
   
5
   
1,671,817.70
   
0.39
   
8.242
   
367
   
91.51
   
702
 
South Carolina
   
5
   
1,502,044.28
   
0.35
   
7.751
   
341
   
86.34
   
684
 
Texas
   
3
   
740,721.51
   
0.17
   
8.888
   
344
   
86.07
   
683
 
Utah
   
3
   
1,223,501.40
   
0.29
   
8.077
   
345
   
82.52
   
732
 
Virginia
   
7
   
4,583,347.41
   
1.07
   
8.157
   
361
   
80.83
   
669
 
Washington
   
17
   
6,466,926.38
   
1.51
   
7.865
   
352
   
81.54
   
715
 
West Virginia
   
1
   
133,456.76
   
0.03
   
8.875
   
347
   
95.00
   
638
 
Wisconsin
   
1
   
1,253,779.08
   
0.29
   
7.500
   
335
   
69.99
   
706
 
Total
   
816
 
$
428,358,681.17
   
100.00
%
 
7.635
%
 
371
   
76.23
%
 
713
 
 
As of April 1, 2008, the greatest five-digit ZIP Code geographic concentration of Group 2 mortgage loans by Stated Principal Balance was approximately 0.77% in the 94062 ZIP Code.

S-36


 
Loan Rates of the Group 2 Mortgage Loans
 
Loan Rate (%)
 
Number of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
5.500 - 5.999
   
1
 
$
913,465.60
   
0.21
%
 
5.750
%
 
468
   
80.00
%
 
655
 
6.000 - 6.499
   
20
   
16,077,762.34
   
3.75
   
6.264
   
327
   
66.80
   
738
 
6.500 - 6.999
   
71
   
45,817,853.39
   
10.70
   
6.766
   
353
   
72.28
   
734
 
7.000 - 7.499
   
171
   
96,243,044.99
   
22.47
   
7.229
   
358
   
75.03
   
716
 
7.500 - 7.999
   
303
   
161,458,261.82
   
37.69
   
7.711
   
383
   
75.11
   
712
 
8.000 - 8.499
   
133
   
64,264,750.37
   
15.00
   
8.204
   
391
   
78.38
   
709
 
8.500 - 8.999
   
59
   
24,606,226.19
   
5.74
   
8.627
   
382
   
84.33
   
685
 
9.000 - 9.499
   
48
   
15,819,521.57
   
3.69
   
9.116
   
342
   
91.04
   
685
 
9.500 - 9.999
   
10
   
3,157,794.90
   
0.74
   
9.607
   
341
   
93.84
   
648
 
Total
   
816
 
$
428,358,681.17
   
100.00
%
 
7.635
%
 
371
   
76.23
%
 
713
 
 
The weighted average loan rate of the Group 2 mortgage loans as of April 1, 2008 was approximately 7.635%.
 
Maximum Loan Rates of the Group 2 Adjustable Rate Mortgage Loans
 
Maximum Loan Rate (%)
 
Number of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
8.500 - 8.999
   
32
 
$
18,522,783.39
   
4.33
%
 
7.532
%
 
389
   
77.48
%
 
730
 
9.500 - 9.999
   
286
   
170,842,601.78
   
39.94
   
7.405
   
368
   
74.34
   
712
 
10.500 - 10.999
   
68
   
33,372,217.11
   
7.80
   
7.582
   
340
   
75.52
   
691
 
11.000 - 11.499
   
114
   
43,036,587.00
   
10.06
   
8.159
   
343
   
87.31
   
700
 
11.500 - 11.999
   
59
   
23,965,717.30
   
5.60
   
7.783
   
354
   
83.68
   
710
 
12.000 - 12.499
   
54
   
27,994,131.50
   
6.55
   
7.546
   
362
   
78.74
   
722
 
12.500 - 12.999
   
141
   
79,961,146.17
   
18.69
   
7.640
   
393
   
71.99
   
723
 
13.000 - 13.499
   
45
   
22,388,597.14
   
5.23
   
8.220
   
413
   
74.02
   
726
 
13.500 - 13.999
   
15
   
7,508,708.53
   
1.76
   
8.519
   
447
   
74.10
   
701
 
15.000 - 15.499
   
1
   
121,948.57
   
0.03
   
9.125
   
338
   
95.00
   
687
 
Total
   
815
 
$
427,714,438.49
   
100.00
%
 
7.637
%
 
371
   
76.23
%
 
713
 
 
The weighted average maximum loan rate of the Group 2 adjustable rate mortgage loans was approximately 11.130% as of April 1, 2008.
 
S-37

 
Minimum Loan Rates of the Group 2 Adjustable Rate Mortgage Loans
 
Minimum Loan Rate (%)
 
Number of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
1.500 - 1.999
   
1
 
$
526,991.66
   
0.12
%
 
6.125
%
 
306
   
63.33
%
 
733
 
2.000 - 2.499
   
166
   
97,241,380.04
   
22.74
   
7.182
   
343
   
73.60
   
719
 
2.500 - 2.999
   
129
   
73,746,144.15
   
17.24
   
7.117
   
362
   
76.25
   
728
 
3.000 - 3.499
   
289
   
159,520,511.49
   
37.30
   
7.700
   
397
   
73.29
   
716
 
3.500 - 3.999
   
109
   
53,511,280.69
   
12.51
   
8.032
   
379
   
79.30
   
696
 
4.000 - 4.499
   
48
   
19,198,172.22
   
4.49
   
8.501
   
360
   
85.92
   
684
 
4.500 - 4.999
   
59
   
19,510,048.77
   
4.56
   
9.029
   
342
   
92.13
   
689
 
5.000 - 5.499
   
14
   
4,459,909.47
   
1.04
   
9.539
   
341
   
91.93
   
649
 
Total
   
815
 
$
427,714,438.49
   
100.00
%
 
7.637
%
 
371
   
76.23
%
 
713
 
 
The weighted average minimum loan rate of the Group 2 adjustable rate mortgage loans was approximately 3.122% as of April 1, 2008.
 

Gross Margins of the Group 2 Adjustable Rate Mortgage Loans
 
Gross Margin (%)
 
Number of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
1.500 - 1.999
   
1
 
$
526,991.66
   
0.12
%
 
6.125
%
 
306
   
63.33
%
 
733
 
2.000 - 2.499
   
166
   
97,241,380.04
   
22.74
   
7.182
   
343
   
73.60
   
719
 
2.500 - 2.999
   
129
   
73,746,144.15
   
17.24
   
7.117
   
362
   
76.25
   
728
 
3.000 - 3.499
   
289
   
159,520,511.49
   
37.30
   
7.700
   
397
   
73.29
   
716
 
3.500 - 3.999
   
109
   
53,511,280.69
   
12.51
   
8.032
   
379
   
79.30
   
696
 
4.000 - 4.499
   
48
   
19,198,172.22
   
4.49
   
8.501
   
360
   
85.92
   
684
 
4.500 - 4.999
   
59
   
19,510,048.77
   
4.56
   
9.029
   
342
   
92.13
   
689
 
5.000 - 5.499
   
14
   
4,459,909.47
   
1.04
   
9.539
   
341
   
91.93
   
649
 
Total
   
815
 
$
427,714,438.49
   
100.00
%
 
7.637
%
 
371
   
76.23
%
 
713
 
                                             
 
The weighted average gross margin of the Group 2 adjustable rate mortgage loans was approximately 3.122% as of April 1, 2008.
 
S-38


Credit Scores of the Group 2 Mortgage Loans
 
Credit Score
 
Number of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
500 - 524
   
1
 
$
162,198.66
   
0.04
%
 
8.875
%
 
343
   
95.00
%
 
515
 
550 - 574
   
1
   
308,376.37
   
0.07
   
7.875
   
340
   
56.86
   
553
 
575 - 599
   
2
   
808,521.01
   
0.19
   
8.945
   
343
   
88.43
   
581
 
600 - 624
   
10
   
4,708,404.54
   
1.10
   
7.799
   
378
   
73.32
   
618
 
625 - 649
   
51
   
22,950,506.62
   
5.36
   
8.111
   
368
   
78.89
   
642
 
650 - 674
   
119
   
56,305,548.23
   
13.14
   
7.784
   
362
   
77.54
   
664
 
675 - 699
   
179
   
91,444,266.01
   
21.35
   
7.775
   
369
   
77.31
   
687
 
700 - 724
   
157
   
84,812,919.49
   
19.80
   
7.613
   
375
   
77.77
   
711
 
725 - 749
   
128
   
73,215,482.64
   
17.09
   
7.438
   
364
   
75.07
   
736
 
750 - 774
   
89
   
50,906,082.27
   
11.88
   
7.466
   
381
   
73.97
   
761
 
775 - 799
   
61
   
32,568,117.62
   
7.60
   
7.466
   
391
   
73.04
   
784
 
800 and above
   
18
   
10,168,257.71
   
2.37
   
7.268
   
373
   
71.05
   
807
 
Total
   
816
 
$
428,358,681.17
   
100.00
%
 
7.635
%
 
371
   
76.23
%
 
713
 
 
The weighted average credit score of the Group 2 mortgage loans was approximately 713 as of April 1, 2008.
 
Original Prepayment Penalty Periods of the Group 2 Mortgage Loans
 
Original Prepayment
Penalty Period (months)
 
Number of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
None
   
160
 
$
80,179,097.65
   
18.72
%
 
7.624
%
 
351
   
78.60
%
 
711
 
12
   
146
   
88,298,881.55
   
20.61
   
7.298
   
369
   
74.02
   
724
 
24
   
67
   
32,953,712.20
   
7.69
   
7.883
   
361
   
79.40
   
699
 
36
   
440
   
222,392,065.97
   
51.92
   
7.765
   
383
   
76.04
   
711
 
48
   
1
   
526,991.66
   
0.12
   
6.125
   
306
   
63.33
   
733
 
60
   
2
   
4,007,932.14
   
0.94
   
6.250
   
306
   
63.72
   
746
 
Total
   
816
 
$
428,358,681.17
   
100.00
%
 
7.635
%
 
371
   
76.23
%
 
713
 
 
Negative Amortization Limits of the Group 2 Mortgage Loans
 
Negative Amortization Limit (%)
 
Number of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
110
   
12
 
$
8,842,540.49
   
2.06
%
 
6.417
%
 
307
   
66.46
%
 
740
 
115
   
327
   
147,731,809.26
   
34.49
   
7.918
   
354
   
80.63
   
700
 
120
   
371
   
208,982,450.67
   
48.79
   
7.403
   
370
   
75.53
   
718
 
Not Applicable - Non Negam
   
106
   
62,801,880.75
   
14.66
   
7.913
   
427
   
69.62
   
721
 
Total
   
816
 
$
428,358,681.17
   
100.00
%
 
7.635
%
 
371
   
76.23
%
 
713
 
 

 

S-39


Months to Next Payment Adjustment Date of the Group 2 Adjustable Rate Mortgage Loans
 
Months to Next
Payment Adjustment Date
 
Number of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
1
   
20
 
$
12,594,920.32
   
2.94
%
 
7.421
%
 
336
   
75.59
%
 
715
 
2
   
25
   
10,981,551.81
   
2.57
   
8.180
   
354
   
82.94
   
693
 
3
   
28
   
13,474,523.29
   
3.15
   
8.128
   
345
   
83.01
   
678
 
4
   
22
   
9,381,050.92
   
2.19
   
7.652
   
330
   
76.86
   
697
 
5
   
55
   
23,122,288.67
   
5.41
   
8.176
   
358
   
83.02
   
690
 
6
   
78
   
38,023,485.60
   
8.89
   
7.801
   
374
   
78.77
   
707
 
7
   
44
   
21,642,874.95
   
5.06
   
7.769
   
369
   
80.39
   
707
 
8
   
50
   
25,305,845.80
   
5.92
   
7.799
   
378
   
77.46
   
709
 
9
   
37
   
16,901,985.72
   
3.95
   
7.740
   
377
   
77.07
   
712
 
10
   
29
   
11,815,819.65
   
2.76
   
7.942
   
367
   
79.41
   
691
 
11
   
35
   
18,994,676.05
   
4.44
   
7.598
   
361
   
76.62
   
711
 
12
   
17
   
10,184,504.86
   
2.38
   
7.378
   
392
   
79.05
   
687
 
14
   
1
   
121,948.57
   
0.03
   
9.125
   
338
   
95.00
   
687
 
43
   
3
   
964,313.81
   
0.23
   
7.516
   
343
   
80.00
   
753
 
44
   
14
   
8,699,766.47
   
2.03
   
7.103
   
344
   
68.39
   
708
 
45
   
36
   
22,564,216.34
   
5.28
   
7.208
   
350
   
75.06
   
723
 
46
   
17
   
11,153,506.97
   
2.61
   
7.189
   
357
   
76.13
   
704
 
47
   
52
   
27,131,231.34
   
6.34
   
7.509
   
369
   
76.48
   
724
 
48
   
54
   
31,515,719.17
   
7.37
   
7.646
   
392
   
74.43
   
729
 
49
   
37
   
22,626,423.57
   
5.29
   
7.861
   
410
   
72.75
   
717
 
50
   
74
   
42,671,025.82
   
9.98
   
7.599
   
387
   
70.71
   
719
 
51
   
79
   
43,002,992.18
   
10.05
   
7.277
   
380
   
72.72
   
737
 
74
   
2
   
1,186,394.77
   
0.28
   
7.234
   
350
   
67.64
   
631
 
75
   
2
   
1,178,471.48
   
0.28
   
7.000
   
351
   
77.33
   
759
 
111
   
4
   
2,474,900.36
   
0.58
   
6.842
   
351
   
71.80
   
744
 
Total
   
815
 
$
427,714,438.49
   
100.00
%
 
7.637
%
 
371
   
76.23
%
 
713
 
 
The weighted average months to next payment adjustment of the Group 2 adjustable rate mortgage loans was approximately 28 months as of April 1, 2008.

S-40


Months to Next Rate Adjustment Date of the Group 2 Adjustable Rate Mortgage Loans
 
Months to Next Rate Adjustment Date
 
Number of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
1
   
430
 
$
206,448,516.18
   
48.27
%
 
7.841
%
 
365
   
79.61
%
 
701
 
4
   
4
   
2,610,044.17
   
0.61
   
6.250
   
304
   
58.23
   
737
 
6
   
3
   
1,617,778.98
   
0.38
   
6.294
   
306
   
71.37
   
733
 
14
   
1
   
121,948.57
   
0.03
   
9.125
   
338
   
95.00
   
687
 
43
   
3
   
964,313.81
   
0.23
   
7.516
   
343
   
80.00
   
753
 
44
   
14
   
8,699,766.47
   
2.03
   
7.103
   
344
   
68.39
   
708
 
45
   
36
   
22,564,216.34
   
5.28
   
7.208
   
350
   
75.06
   
723
 
46
   
17
   
11,153,506.97
   
2.61
   
7.189
   
357
   
76.13
   
704
 
47
   
52
   
27,131,231.34
   
6.34
   
7.509
   
369
   
76.48
   
724
 
48
   
54
   
31,515,719.17
   
7.37
   
7.646
   
392
   
74.43
   
729
 
49
   
38
   
23,306,751.25
   
5.45
   
7.880
   
412
   
72.43
   
717
 
50
   
74
   
42,671,025.82
   
9.98
   
7.599
   
387
   
70.71
   
719
 
51
   
81
   
44,069,852.81
   
10.30
   
7.304
   
380
   
72.65
   
737
 
74
   
2
   
1,186,394.77
   
0.28
   
7.234
   
350
   
67.64
   
631
 
75
   
2
   
1,178,471.48
   
0.28
   
7.000
   
351
   
77.33
   
759
 
111
   
4
   
2,474,900.36
   
0.58
   
6.842
   
351
   
71.80
   
744
 
Total
   
815
 
$
427,714,438.49
   
100.00
%
 
7.637
%
 
371
   
76.23
%
 
713
 
 
The weighted average months to next rate adjustment of the Group 2 adjustable rate mortgage loans was approximately 26 months as of April 1, 2008.

 
Delinquency Status of the Group 2 Mortgage Loans
 
Delinquency Status
 
Number of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted Average Gross Coupon
 
Weighted Average Stated Remaining Term
 
Weighted Average Original Loan-To-Value
 
Weighted Average Credit Score
 
                               
30 - 59 Days
   
23
 
$
12,910,815.71
   
3.01
%
 
7.637
%
 
364
   
79.37
%
 
703
 
60 - 89 Days
   
7
   
2,904,614.44
   
0.68
   
8.218
   
344
   
82.99
   
703
 
90+ Days
   
6
   
2,260,356.95
   
0.53
   
8.603
   
339
   
80.19
   
682
 
Current
   
733
   
386,739,027.10
   
90.28
   
7.608
   
373
   
75.81
   
715
 
Foreclosure
   
45
   
22,553,604.82
   
5.27
   
7.917
   
356
   
80.19
   
695
 
REO
   
2
   
990,262.15
   
0.23
   
7.830
   
342
   
80.00
   
681
 
Total
   
816
 
$
428,358,681.17
   
100.00
%
 
7.635
%
 
371
   
76.23
%
 
713
 

 
30-59 Day Delinquencies of the Group 2 Mortgage Loans
 
Number of 30-59 Day
Delinquencies in the 12 Months Preceding April 1, 2008
 
Number of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
None
   
725
 
$
382,442,538.08
   
89.28
%
 
7.610
%
 
373
   
75.77
%
 
715
 
1
   
70
   
36,632,210.83
   
8.55
   
7.786
   
362
   
80.44
   
702
 
2
   
12
   
5,052,697.96
   
1.18
   
8.014
   
344
   
76.46
   
687
 
3
   
5
   
2,230,285.86
   
0.52
   
8.494
   
343
   
83.09
   
650
 
4
   
3
   
1,341,631.23
   
0.31
   
7.786
   
341
   
80.12
   
683
 
5
   
1
   
659,317.21
   
0.15
   
8.026
   
342
   
80.00
   
745
 
Total
   
816
 
$
428,358,681.17
   
100.00
%
 
7.635
%
 
371
   
76.23
%
 
713
 

S-41


60-89 Day Delinquencies of the Group 2 Mortgage Loans
 
Number of 60-89 Day
Delinquencies in the 12 Months Preceding April 1, 2008
 
Number of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
None
   
756
 
$
400,403,489.89
   
93.47
%
 
7.610
%
 
373
   
75.93
%
 
714
 
1
   
58
   
26,873,817.21
   
6.27
   
7.993
   
354
   
80.66
   
696
 
2
   
2
   
1,081,374.07
   
0.25
   
8.254
   
344
   
79.04
   
664
 
Total
   
816
 
$
428,358,681.17
   
100.00
%
 
7.635
%
 
371
   
76.23
%
 
713
 
 
90+ Day Delinquencies of the Group 2 Mortgage Loans
 
Number of 90+ Day
Delinquencies in the 12 Months Preceding April 1, 2008
 
Number of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted
Average
Gross
Coupon
 
Weighted
Average
Stated
Remaining
Term
 
Weighted
Average
Original
Loan-To-
Value
 
Weighted
Average
Credit
Score
 
                               
None
   
797
 
$
419,094,932.87
   
97.84
%
 
7.629
%
 
372
   
76.17
%
 
713
 
1
   
12
   
5,669,320.80
   
1.32
   
7.819
   
361
   
77.16
   
710
 
2
   
3
   
1,952,408.99
   
0.46
   
7.687
   
387
   
82.84
   
699
 
3
   
2
   
914,478.81
   
0.21
   
8.162
   
338
   
80.73
   
662
 
5
   
2
   
727,539.70
   
0.17
   
8.789
   
337
   
82.46
   
657
 
Total
   
816
 
$
428,358,681.17
   
100.00
%
 
7.635
%
 
371
   
76.23
%
 
713
 

 
Foreclosure Status of the Group 2 Mortgage Loans
 
Number of Mortgage Loans in Foreclosure
in the 12 Months preceding April 1, 2008
 
Number of
Group 2 Mortgage
Loans
 
Stated
Principal
Balance
as of
April 1, 2008
 
% of
Aggregate
Stated
Principal
Balance
as of
April 1, 2008
 
Weighted Average Gross Coupon
 
Weighted Average Stated Remaining Term
 
Weighted Average Original Loan-To-Value
 
Weighted Average Credit Score
 
                               
None
   
767
 
$
404,135,217.36
   
94.35
%
 
7.618
%
 
372
   
75.99
%
 
714
 
1
   
11
   
5,426,557.03
   
1.27
   
8.133
   
342
   
81.50
   
689
 
2
   
15
   
7,912,396.34
   
1.85
   
7.895
   
354
   
79.44
   
692
 
3
   
10
   
4,959,861.33
   
1.16
   
7.872
   
374
   
79.26
   
700
 
4
   
6
   
2,883,305.63
   
0.67
   
7.654
   
365
   
81.87
   
705
 
5
   
2
   
1,049,983.20
   
0.25
   
8.602
   
345
   
85.28
   
717
 
6
   
4
   
1,630,924.69
   
0.38
   
7.720
   
338
   
77.92
   
668
 
8
   
1
   
360,435.59
   
0.08
   
7.125
   
335
   
80.00
   
720
 
Total
   
816
 
$
428,358,681.17
   
100.00
%
 
7.635
%
 
371
   
76.23
%
 
713
 

 

S-42



 

3. On page S-32 of the prospectus supplement, the paragraphs under the heading “Static Pool Information” are deleted in their entirety and replaced with the following:
 
Certain static pool information may be found at http://www.rbsgcregab.com/ in a PDF file entitled “HarborView 2007-6 Static Pool Historical Deal Information.” Access to this internet address is unrestricted and free of charge.
 
Various factors may affect the prepayment, delinquency and loss performance of the mortgage loans over time. The various mortgage loan groups for which performance information is shown at the above internet address had initial characteristics that differed from the current characteristics, and may have differed in ways that were material to the performance of those mortgage groups. These differing characteristics include, among others, product type, credit quality, geographic concentration, originator concentration, servicer concentration, average principal balance, weighted average interest rate, weighted average loan-to-value ratio, weighted average term to maturity, and the presence or absence of prepayment penalties. In particular, prospective investors should note that certain of the mortgage groups for which performance information is shown consist in whole or in part of loans that have negative amortization features, while other mortgage groups do not include negative amortization loans. In addition to the prepayment, delinquency and loss performance of similar mortgage loan groups, the static pool information shown at the above internet address includes the performance information of the mortgage loans included in the trust fund. Nonetheless, we do not make any representation, and you should not assume, that the performance information shown at the above internet address is in any way fully indicative of the future performance of the mortgage loans in the trust fund.
 
S-43

 
4. On page S-43 of the prospectus supplement, the table under the heading “The Servicers—GMAC Mortgage, LLC” is supplemented as follows:
 
GMAC MORTGAGE, LLC PRIMARY SERVICING PORTFOLIO
($ IN MILLIONS)
 
   
For the year ended December 31,
   
2003
 
2004
 
2005
 
2006
 
2007
 
Prime conforming mortgage loans
                     
No. of Loans
   
1,308,284
   
1,323,249
   
1,392,870
   
1,455,919
   
1,488,384
 
Dollar Amount of Loans
 
$
153,601
 
$
165,521
 
$
186,364
 
$
203,894
 
$
214,606
 
Percentage Change
from Prior Year 
   
2.11
%
 
7.76
%
 
12.59
%
 
9.41
%
 
5.25
%
                                 
Prime non-conforming mortgage loans
                               
No. of Loans
   
34,041
   
53,119
   
69,488
   
67,462
   
62,941
 
Dollar Amount of Loans
 
$
13,937
 
$
23,604
 
$
32,385
 
$
32,220
 
$
30,132
 
Percentage Change
from Prior Year 
   
11.12
%
 
69.36
%
 
37.20
%
 
(0.51
)%
 
(6.48
)%
                                 
Government mortgage loans
                               
No. of Loans
   
191,023
   
191,844
   
181,679
   
181,563
   
179,460
 
Dollar Amount of Loans
 
$
17,594
 
$
18,328
 
$
18,098
 
$
18,843
 
$
19,380
 
Percentage Change
from Prior Year
   
(16.91
)%
 
4.17
%
 
(1.25
)%
 
4.12
%
 
2.85
%
                                 
Second-lien mortgage loans
                               
No. of Loans
   
282,128
   
350,334
   
392,261
   
514,085
   
510,211
 
Dollar Amount of Loans
 
$
7,023
 
$
10,374
 
$
13,034
 
$
20,998
 
$
22,007
 
Percentage Change
from Prior Year
   
5.36
%
 
47.71
%
 
25.64
%
 
61.10
%
 
4.81
%
                                 
Total mortgage loans serviced
                               
No. of Loans
   
1,815,476
   
1,918,546
   
2,036,298
   
2,219,029
   
2,240,996
 
Dollar Amount of Loans
 
$
192,155
 
$
217,827
 
$
249,881
 
$
275,955
 
$
286,125
 
Percentage Change
from Prior Year
   
0.71
%
 
13.36
%
 
14.72
%
 
10.43
%
 
3.69
%
 
5. On page S-42 of the prospectus supplement, the information under the heading “The Servicers—GMAC Mortgage, LLC” is supplemented as follows:
 
On April 29, 2008, Residential Capital, LLC ("ResCap"), which is the parent holding company of GMAC Mortgage, LLC, reported a net loss of $859 million for the first quarter of 2008, compared to a net loss of $910 million in the year-ago period.

Additional updated information regarding GMAC Mortgage, LLC since the date of the prospectus supplement was requested by the depositor, but was not made available by GMAC Mortgage, LLC to the depositor, sponsor or underwriter or any of their affiliates.
 
6. On page S-80 of the prospectus supplement, the fourth sentence of the first paragraph under the heading “Description of the Certificates—The Yield Maintenance Provider and Basis Risk Cap Provider” is deleted in its entirety and replaced with the following:
 
S-44

 
As of the date of this supplement, BSFP has a ratings classification of “Aaa” from Moody’s and “AAA” (stable) from S&P.
 
S-45

GRAPHIC 2 rbs_logo-small.jpg GRAPHIC begin 644 rbs_logo-small.jpg M_]C_X``02D9)1@`!`0$`2`!(``#_X0HS17AI9@``24DJ``@````'`!(!`P`! M`````0#V1QH!!0`!````8@```!L!!0`!````:@```"@!`P`!`````@#U9S$! M`@`;````<@```#(!`@`4````C@```&F'!``!````H@```,P```!(`````0`` M`$@````!````061O8F4@4&AO=&]S:&]P($-3(%=I;F1O=W,``#(P,#)E\K.$P]-UX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=7 M9W>'EZ>WQ]?G]Q$``@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*! MD12AL4(CP5+1\#,D8N%R@I)#4Q5C+RLX3#TW7C\T:4I(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B7 MI[?'_]H`#`,!``(1`Q$`/P#K/K#]<[NB=1;@##&59DMK^Q"NR7OM>\,MHOH8 MQ]^/^B_2X[_3LKOV?]MKH'URNZSU0]-.&,2W'%HSA;8&O8]KW,HIQZ7M9=D[ MJ6^MD/\`3KJIW_36?]9,7KE7UHJZUT3"LOLPJ:QD.L96:[66.]#[+A[:_M;K MVLLNNR+O7]/'K9_UNU?5[%ZY=]:SUKK6%90_+KM;C&IE?ITLJ</X)+/K]U''JS.H7],8[I.! MGOZ?D7UW_IF['MJ]?[,^IK'M_25^SUT3-^NW5\:SJ]U?3*;L'HEWI9#SD^G: MYL-?ZE=;J75_1?\`0]5<\?J[U+'NMZ\>G7Y;L3K>199TU[7.%V+8YOI9N-BN M=L??0Y_Z&QC/TG^%_1U*/5NA/OZEU[U.B9^5GY60;.D9=(-=+#M;Z=MMC[JJ M/9;[OTM-G]A'AA_+_P!&1K; M^GR7M_15KC?K/T_+SZJ:!TC.M^MF-50ROKF*T4T.NV5ONL^V-LI9Z;'FQGOI M_P")])=!U[I_66/Z)UG'K'4,[HSG?:\=A##:R^K[/F68^_8SU6?SE-7YZ80- M.@[+K.KH8W4NM4&Z[KF-BX>!54ZYV53D.MV;=OZ.UEF/C_X/>_U6?Z-/?]:_ MJ[CTNOMZECBEEIH<\/#AZC6MLLK;LW;W5,MK]79_-_X1HSU-BAF=*S>G9W2LVJO/HP:^ELPB. MELKLNIN#VY#VWXUM>1^AOC]+;35O]:G]*EPCKH?!7%V>KS?K)T+`KHMS.H44 MUY8#L=Y>"+&F#ZM9;_@?=_/?S2CF?6?H&`7#,ZA12YGI[FN>)BT%U)VB=WJ, M;O\`ZBXFCH]G2[&/KHZU5TK*PF44-QZZ;J[(]6KTO3 MK_2>G9_P>MTOHKJ+NJ.KP[FU#H^)B8+LEH-Q:*K_`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`6756T%_IN^SES7V465V_X+_SL'5>J]?S+\4XN%U#$P2UGIUV,_2>LN9Z':_HW5^F_;.G963ET]`HJ&/13ZEM;S??OW MMQFFYWH[_>GHZ];D?6BOIE M#JK>GV],&?7@W9:UWINH=5_(6)9U?ZP7,Z;7C8/4_[IX?4^G/R\2VAE71#CV/>V` MV[[6ZST#_P`)Z7Z7_BTN$`2/V)LZ/__0]3]O=+VKY720^Q3]4>U/HOE9)%3] M4&.Z0A?*Z22GZHT2T7RNDDI^J-$O:OE=)!3]4#;.B7M7RNDBI^J-/[T^B^5D MD%/U1I_GDH/U0=O?\4XCLOE9)-4__]G_VP!#``$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$! M`0'_VP!#`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_P``1"``A`/H#`2(``A$!`Q$! M_\0`'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($ M`P4%!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R M@@D*%A<8&1HE)B7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+# MQ,7&Q\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$! M`0$!`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W M``$"`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8 M&1HF)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ M@H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G* MTM/4U=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#^RW]H M+]NG]F7]E?XC?`[X6_'GXF:/\.O%G[1>LZSH7PGAUN#5QI>LZEH,NE6NI+JG MB.UTRY\.^&[5+[Q+X:THWOB+5;"S;5-8MXUE95DN%\$^(W_!87]@/X4^//B' M\-?&_P`;8M(\9?"KXI_#KX+^-]&C\'^.;^73/B%\3].N]8\-Z)`-/\-77V[[ M)I&EZM>^([RUS:>&5LF&K%-PQ^6O_!RWXMC_`.&=OA/\'M4^#?P-^(>B?$[6 M/',W_"8?%GXT^&/A7XT^&?C#PY8Z);>&_$OPNT[Q%J>ECQ(]Y9ZGK-IK8%Y_ M92VG]CV3Z01K(O=(^/?V:?\`@WUN?C-_P3TU#Q[\1/VGO$$G[4OQX_X5W\=_ M"'BG1_$^D^+_`(;>#M3^&WAWQ,?A+X2U+78+FZU;Q*/^$:U>SLO'?B2S\2YT MEM'TC_A&01X8D/B+[_*LBX7?#V7\0Y_F6*P$<54E1>%P]%U:M9IP:JPG";5% M:\LH2@VK64OAO\5C\XSFGFF/P.4X>GCW1LH0J2I484Y?;BTTG4O9-/F=K=+Z M_P!.V@?M]?LR>+_VK/%'[%GA+XBZ=XC_`&AO`_@C_A/_`!;X/T:#4]0L]#TC M^V-!T6XL+KQ';:=<:,/$=G=^*?#C7FC?;-]E::LCZLUD5Q7SA^U!_P`%K?\` M@GY^QQ\9-?\`@+^T%\6M7\%_$GPQI_AO5=7T8?#[Q]K,$&G>+M).LZ-=#5-& M\,WFC%7M,-=C[9NL@?GRQ('X(?\`!M3XBUCP-\:?B_\`!?6?AA^SCJ_B#Q!H M/C#X@?%#]HSPO\??"'Q/^-?B_P`7P>,-,T+3O#=SINCZ]KWVOP':"ZUD;M(O M,"^`O-6N]8:]`M/-/VS?VDOV<_V1O^#C7XH_&C]I_0)O$_P?L/@#X;T+6-$T M_P`#_P#"PIY]>UWX/^%[?3KD>$]0_P")0/LEY;%XG MSO)Z^&SW$0R3AJ>95*-.C1ISKXBG[#]ZDH5?91G[6_+>JXQ2NGS-+D_UFQ$EO27,IWT37.E!IN[O96_JS_`&8O^"D'['/[9'A/ MQAXS_9O^-&@_$JP\!Z=-JOC/2+6PU_1_&/A;3(+6>?[7KO@'Q!I>E^,+2V!4 M6NXZ-@W8VXR`1\'6W_!R#_P26GN(87_:&URS%Y)%#9WM_P#!OXTP6D^56>YW M[?AY<7EK]DM+@7C?:K./#M%U[1+#PU:>-]>\1>&M`M[JWT31+>UNO#=[9W?B3POX MN\2ZU:65YK*^!+S6E\'$ZP6.K5^;_P#P3G_;T_9D_9C_`."?'[2?P9^-'[&' MC?\`:+\9^._%7C&_T/QA:_"O0-7^'NB:;K_@CPKX8M=$\;?%#4;7^UO!X\.: MQI5YJ^L$@FS6]^4J3FO2H\`9?5Q'$4,)ALQS"&!7#,\+1K9SD^&J8;^U+K&T M*TJ2DJE7W+M/^'HN6TKO@J<8X^7]F.C#ECB%Q![:7LX3Y_[/3>%?O1DX\FS2 M=V[II/0_O\3]N#]E1_V=7_:R_P"%X?#W_AG`:3_;7_"W_P"VC_PB9M/M'V'R M/M'V8W:ZO]O`TL>'?L?_``D@O,1_V1N.!^>_PG_X.#_^"9/QE^+_`(6^!_@C MXN^*;KQMXW\5:+X)\%_;_A5\2++1_%7B7Q!K7_"/Z;IFEZB?#!V7=UJI,8&K MVNCY!SG(.?YG?A!^P#\;_CC_`,&].K>'O@%XW\.?'SQMJO[6EE^TIK'PQ^%_ MB*#6=>\.>&]#\#CPCXC^&]UHLRVUDOQ>L[Q6\=GPXUJG^GW=CJUEJS%D-?I5 M_P`$L_\`@I[_`,$]_'VJ_L^_LD_'[]D#PM^RG^U%\*+SP1X(^'\GB[X.^&+3 MPW-\5/#EM::-HESX:\17/AC3/'?PW\>>([P?VSH]EXCT;2,YX\1DDY\+&<+Y M7@\/FL\'5Q&>8G"8NK2A2@OJD\-3C%.-:M1YO:5(7NO2[<%**GZ.$XD MQ>85LMA"4<)0Q,(RJXIQA*,_A4E%SA:*=[/M=7OHU_6M+JZ00/*T02.W)DN) M99A#%#$(//-R6RO=)Q_:-OJ?B3P;H6I^&T:R/%YC5V^P?\`,6%E MGCP/_@XY_:&^(/P3_P"">EYX<^&.N3>%_$/[0_Q;\#_`+4/%%A-I:)X6\ M4VVNZ]XD;3M3@-L=(O+S1M`-D+W)-HM[>9R<$_H/^Q/^P)^SE^QA^S_X'^"W MPT^&G@^--,T+28?%WBB7PYH]WKWCC7[.VMCJ7B+Q'K5Q:W)UAKN[^:U!_P"/ M-<"RXR:^8PN#RO!9#A>((]&^Q>(M&@M)M9T:ZL_$^B:%? MV]W8+=Q*X>SVG<#\N0H^F$O?,`_<`L'_! M33X5_!;_`()R?&C]HW_@F%XO^$UOJ/PR_:'\*?#CQ?>Z%\,K;_A&['Q?K'BG M0M.\<#4O#>H:;H5G>:R;.[7=K&`"0OS$@;/G/XI_\%2?^"B'[,G[/&A?M"?' M6/\`9VTOQ=^W5XD^%G@S]A?X`2P7.C^'/@#H_B6VNK_7/BA^T/XOO_LOVRRL M_#FN^#]9UG1AXELUL[W5QH_]L`J,=U+A#,UE:"NKJ6?87#+ZM7FJ]9)+ZW3NJ3OU<4I!?^"F_[4W[+7[5O[+GPV_:)_;C_8P_;N^#O[5/C";X M7:UJO[/6E^!_#GCS]GSX@W8TJWTW7-3MO`^K:K:7W@*]UC5?L+:QK>'R"V!D M,>`L/^"I/[9O[8(^._QM^`?[H!-:4N#,YJMUDJ"PCA!J MM+VRH\TZ\J*AS*E*I)MQE)N--I)6=G)2.7_6O*>2WM)^WTU']-\-^"_$EP3_PCEGXEOM3TG6%UK[7JW]CC5S8G^V3HK&O;O$G M[77_``5F_8Y_;;_8A^&7[9/Q0_9O^+/PE_;Q^(-_\,)?`_PE^&0T$?!;Q3=Z MCX9MA;:'XDUFV_X2/Q)9^&_^$Q\.C[9XP.K_`-KX^;'2E/@;/8PES2PM.IB? M[7^J\U7X5D2D\QA%*/[QTH0UKZIJ^M MN^MNZ_J/^UAURB%@!SSY@620@P?\>XN,`CJQXQR,"I!=.9!L@\Q7XCDCD!'' MGG][GHOR]L_,3W48_FU_8;_X*L?&B;X"?\%/[G]MG4_"D_QM_P""<'C7XG1Z MZ_AO0AX/TS7?"&A:!XGA\%'^S-/NKK[8=:\2>#KZTM+P#+?VSI&X[L&L+_@D M?_P5T^-'QW^!?[:6I_MSMX;TCXP?LJ>%K?XT26>E:%_PB$-[\#O%7PGMO'.B MW?\`8GVJZ%W_`*7ICYOOXAK%H.20#RXC@_/Z-+'U81C6ADU7#TL1[%\ZQWUC MV:ISP[NER5'4I/F7/RJI'2[1O0S_``=5Q4Y>RYDVN=M;)7M=:VZZZ:=]/UN_ M:F_X*)_"#]DSXY_LI_`7Q_X1^)VN^)OVM_'4W@+P+K7@_P`*-K'A;P[J,5_H M&GQ:AXFU.>\LPUD]UXGLL6GAY=9UI;8LPTDC"C[QCU-9BABA$B2`N&$D,C`# M)^]"SVC<#@B[&<'K7\AGP*_X*=?\%"?$NB?\$_:_%^LVOB0XUEEUK M1@21I`^V?1ND?MB_\%-O^"D7Q[_:8T7_`()Y_$/X#_LV?LS_`+,'Q#USX-CX MK_%[P-<_$CQ+\:/B'H4YT[4[K2K:?[5H]EX!IR_M3'?6)SP[Y.)*V4IRC)+O$'P'OOCO;?$Z.[TB3PA#I>G:AJ.G7.AMIT!N-8^W%K-C M]K"JF)-AC.-S?H"VHA8BZ)O'7,9,WXGR_LO M:#X$MO@_\3/VX/%/_!.O2/AUK?C_`%72=0\-?`WPYXWU'6?&.I?$;XQ_V986 MMUXDN_"'AKPYI=W>67AHBR/B,_\`$G^V:.:_0_\`8E_:]_;Y\$?\%/\`QO\` M\$X_VZ?B)\(?CI=7_P`!Q\;?`?Q6^&G@&#P'=PP_:=+%SH5SIEO;6EC>:0#RS'8"O0C'$\+PS7$86=6I+$.LJDH5*KC.4E37N MIJ*^+G:T4+RC`9[*I5G#$1J6?$,LNIVC;]UIRPV\W?MZG[L?&3X\_"7]G[P! MJ_Q0^-'CSPM\-/A]X?7S=8\5^+M6@TC2+K_`()C?&SXM>$_@G\.OC[=:WXZ\>^(K?PMX'@F^&/Q:T[2/%6N M7A_XE]IIVM:AX%MK.T-Y_`=9;2=I)R&R:_-7_@I9X9TK]N+_`(+A?L)_L!?% M;S=4_9X^'?PJU7]I+QQX'N_M*Z7X_P#%5G_PF6L6VAZY;075O:ZMHUY:>!/# MEF%()0?\)(H'&*_I0TSX$?!+1X_#`TCX1?#+2T\"2P7W@O\`L_P%X8L_^$.O M;49MKGPT;;3`-$O+3!`;2-A!&!MX)\ZO@LKRC+<%/,9UL7BLRR?^T,+*E4A0 MCAY3J2I4Z\E/G=92Y.?V<90M>TI)6OV1Q>-S#$U:6#K?588*2IXI3I0J*K.Z MO&//K'F:>J4E%6?O:)>N_;GV1R/`8_,6(1^-O&WBG50+3Q)=Z0OVPGPR- M8PS6-ITR5^$/BG_P7(_:_F_X)X_\$[?VK/AWX2\$6?Q/^/'[1&M?"'XO>`(O M#W]IZ5X_/A#4?$.G-H7@H:A3:=GIJ5.)<'0OSTZEG:UW:ZN MKNW*^ZWZ7>US^OLZAC9^[78PQOCE4@\#_4C^+''`*\'%?F_\%_\`@J7^SY\: M?B?^VS\-+?0?B9X#C_8/N]07XN^-_B-X3/AOP1>:9I$.JG6]8\.:D;N[OG72 MKG0=6$EEK&EZ+JQLXEO!8A6*C\@?CE^V9_P5I_X)Q_%G]EOXN_ML>./V* M]!URV\4?"V+4]<\8_`C4_A3\8H-;\%:;XJT=O[5/CS5K/P]9%?$MZIO;#YME MZ-QW=F"X5E&E5EB:E+%4L9"+P..IXB<:%*V?4((]*UBR?5M-TG6]4T"XU&VTO4=-M=6^S/?:+ M=K:LUEND/11N7'LC7^Q6++DD+$%B+RB:0?\`'R(1#"UTWV7G)"+GTR,U_+=_ MP0\\%?\`!1Q/^">'P_\`$?@SXV_L[WGP5UW]F_XFVG[*_P`,_$7PR\0'6/`/ MQ@A^(&IP>`M3^+?B[3[JUU;Q)X:L]8M?$EYK.D>'+,$\`7N[;GSS]L;]L/\` MX*P?\$TM+\"?&SXW_MG_`+'7[2GAB3XC^'/"?Q3_`&;?"?PJTCX>^*8="\2' M5!_:7AO4O[3N_$O]D6?V3'B/6+W']C@@KI.LC=CGQ'"->IG>8Y5@,93E4PV> MU,!0H2E-UJE.$^2,9N,'",(M?O)SDE%N/*IINVE+B:G2P.7XO%T9I7^A:>NAKIH*ZO9ZNK:[&X+JRLJ$8^8,OZ!_;!Z#\Q_C7\ MU?PHN;?4?^#FGX\7D7R17G_!.WP1=QGR+<&<3ZC\+[D7'VG[+]K^UJ+H#_C[ MY&G['?&S"C\%]2_9]_X*_?LM_! M/]H+_@G?\,=4_:5USX':?\=_@%\(=.\6>`_AEK$.CZIX#^,'A_Q3J_Q;_P"% M3:E;VHU>S^'%WK&OZ./$IT:]TC`M=8'C"\T<^)6&C_Z#1M4^8I/-&@',>9AN MDP3D<].,8M=OL<5$UE)AR;N;+?N\<'$X'^E_;!U[$_`?B35/A5_P`%!O`W@_R="\?_``MUCQ1I/]H>`/%GB74+NZ%E M>^);VULO$=GH^D6EE=:/_9&L:._VQ?\`3:3Q=^RIXF^+G_!QC\9-5^(OP,\; M>)?V9/B1^R9??#3Q'XPU/X?^)YOA+KFG:G\`/"_A[4M%/CZ?0KCPU:7IO+J\ MLK46.LKK-K>YV@<"OZPOL*C[C'_MI@_SQ[=N*?\`8E&['\>9>L_^MQQ_R\<= M.0,#WZ5RU.,,TGFV;YW)XE9CGN5U,JS*M#&XJ<:V'JU(3J6IU*LX4N?E2<:: MBI;SYN2*5QX=C]3H8#VE/ZKA\7'&TJ6K4<3#EY)\S;E*S=O?E*Z>G*KG\=7_ M``2X^'_[6/\`P3X_:0_;$_X)I?$3X7?&7QS^S)XHTWXB:[^S;\;!X'\;ZE\, MK+Q'+X0U76-$6V\(_'F@?9?@YXXTCX< M3C6/!W@WP?;:)XMN=0\&_:@WV7PNM[K!*L-86\(`L\Y']YJ6:H^])`7_`'_S MG_I[G\]OKAL<^G'7BI'MD`>'A2]^3DXTU&+VM?FD^:MPFH_5OJN9^S^K?6O9?[-AJG M)]=M]9OSP=_:)RVY;)Z\VEOXS?\`@G'X5_;+_P""+O[$WQ(^._Q%_8\^*?QE M\>?M+_M*>$+FY_9K^%UEK$WB;X9?#?P[X1\9#_A/O$=MX>\,>,CHUW]L72+( MZ-]DXTBRT:TN]8NV''A'Q_\`"/[57_!;K]NO]ECX@_#_`/8!^+'[(W@3X(>( M-&N_B/\`'#XQ>&[KPGK]]HMIXJT+Q%?VVI:U=:;X/O+R]\'IH(LO#FD>&VU? M5RUVS#Q#&I55_NC%G$B800QMF$2>5#Y7[B+GR#Y/./0?,`.`,`8@-DL@0&8J M5VG`@AE'GP_ZFY3SUN+6VNESPP4!B1WX#AQW4CBL3GJR7#+B'$U:DY8Z,JD* M:=54XJ/]G4XPP'N*-TU0A=M^[KJ5.%Z=2C1RN6:2_L>A%*CA8T,-3G3BK7BL M3"G'$N_5NHW9+OK^67_!83]@G6_^"B?[%WC7X(>$M7L]"^*&C:SI?Q'^$5SJ M/Q[\%OA)<>//!7Q,.D:>NGV M_B33-4S:Z/=ZN;10;Y?!VL^,-S88\]?ZCX[?;_$.,`'REP8HLF`3GKE1D9P. MX&,&F?8XMNR/]WQQY?3_`,!\?9>>_4?CBOGLOSF$,#ALNS3**.88+!5*E;"8 M>5?$T70JU53YG"IAIT[T_P!U3<83C.UIRA5YH77*N6;3=KRLTXI7UOH?P#I^Q_^V$?^"('[;?A;6_V6OCCX?\`B-\: M_P!O7P]\5/`_P@E\#^(-2^*M[X)UD^#/M.H_\(5IXU7Q(!:?:+S.-)!)7!5L M97]D_P#@L7^Q3\;OCC^RE^P3\5_A!\&/^%T>+OV/=>\`^,O&?[.=_86U[_PG MWP]U'POX-_X37PC<>'+^XN++6+RTO/!ND6O]C,6()?&0IQ_3)]E"1[/,^0B& M/RSP%BB.0(/LXML9R#GD<>F!2FVXS'(.OF'/7S)2<_4#\>IKVL1QQF53-<+F M5/"T:,L)F%3,Z:II^R^LUHPC-NGRQ:TC%Q]YZJ^S5O.PW"."C@I9?6S"I5A* M/+:6D];-\TG-\UM-DK='JS^7[]GGXH_L"_''XI?##X=_"_\`X(@?'+X1>./% M>L?8/$'Q+\1?L3>#OACX/^!5[9_VG&OBIXSU+X,_M+?"_P#9 M/\/?'ZR^(W@36&M/[$TVYUV_T'3#9M8BT(T=;S`TC<8/./GDOSC( MP,G&2,"L5Q9&->=&.5XJ.`GRRC!9OF2JTZL6_?IU_:>ZGS*,HNDU)0C=N7-* M5_ZMIU(U7F=-U(_:_L[+5HU&]DJ&CTU5]^BM<_DR_:D^$6L?%=/^"*'C;]F_ M]@#XJ?LS_#W0_P!NK5?'GQ`^#/\`]NW_`((N^)OA_P## M?Q[XT\-?"[]K6^\3_$?7?"?A35M=T#P=X:U/7_A)#<:UXUU*UM;FTT:Q6ST+ M6`MVP5L@]B&/]#J6<40C1/D5(A$GE'R0(8C^X@'DD?*!T`Q@#`'.*C:P7RQ& M),+G&SR0(P-IS!,(%@!MAV5@`>YP,'A_UFQ:JX&JJ%92P%//*>'YL36G:/$% M/DQ_.YN3J\ZG4M[3FLIOEY;ROWK)J?LW3;IN#M[OU>@K6ZWY7>_]=#^*S_@J ME^P-^U%KG_!3WQ1X$^`7PW\>7W[.W_!3K0?V>]&_:,\:>%_"NO7G@OP=/\-O MBQX.G\;:GXM\2:?:W-EHQM/#?A>T\1FTO,#Q'_;-[9=#BH?^"U?[$_[57@W] MKF36_P!B'X1_$#Q+X#_;F_9>\*_LF?&67P'X.UCQ)I'@V+P7XN\&:3;W.N7& M@6MT=$TB\\':'X#TC[4>18:1XO.<'%?VJ1:. M3]ER??!-22VHE$J/(#'*#OC$0$;'$!Q/ZDA>F1U.?NXKU<#QYF.!J\.SE@*- M9993Y<33 M.LH\MM(R?\(O_IE]K&,W M?'(Z_)W[&_Q?_:*_X(K?%G]L3]G/XN?L0?M3?'SX-_%?]H3Q7\;?@O\`&S]F MOX?W'Q)L]4L_$EN(=.T37!G2Q9_VOH^E:-]LP0='\2_\)&?]-&KYTC^P06,. MS8^94DQYD6,13EH!!<"YZB\^U=_M>[)QCDK"M2<< M34J32A)E@URTJC<)-8>G&FTT M[V6B;/YIO`.C?&/XS?\`!=']FS]K6^_9N^.7PS^&?C#_`()O"35Y/'_@;7]- MF^''C74]:\9:A_PK?QKXK@5O#6C_`!(0&SM+S1CXB-G>V8&02>>]N/@_\5F_ MX.0;#XW_`/"J_B$?@_;_`+!9\.'XN2>%/$\OPW_M]KN[SX;_`.$U%K_PAW]L MDW9S9&]W'N`YP/Z)Q8Q#^/+!84,L@\R;RXCG'GDEB3RC?\(%\2/@Y:SB#4O%7PY:?Q4;K4--MUNU-XW]D>*/$FD-:+B\&\%#O$/C'QAX=\-_$3Q)XW\`W/A_X< M?"70=4U@:1J?C;6O&^K:7:?VOX=T>T'V[/\`8^CF[P=N,G/[QO:13(F__EG+ M]H3H/WX_Y;_N2N>_'3)]Z8UJZ1[!('\SA^.DG_/?$YN<=,8R<>I[=#XAHXK` MX++EC\5EN&EA,!F-2KBJ+PV&E4]JZ4XX:I2I8A*3G:*C_"AX&^%'CKQ1XS_ M`&UO`_[9O_!-7]H_]MC_`(*3^/?B/\1=,^"?Q8^(OA3Q1XJ_97\'?#R73_L_ MPNU'2_&_BC7K7PUX#\!>$=8Q>9T:S.L>)%_L?1E.CDAD^\>^,KWX=Z]X'UC0?B=?6>F^.=6UC3+71/ M"/B@Z#K']L>)+/-GX;T?'_$X^V#GT_T/I;"*:'RW'50`Q_>CZF`C[/SP!N'' M]VOQH_X*S_L+?&W]LK6_V&-2^#5QX1MT_9W_`&NO`'QI\>GQ1KMQH4L/A#PW M?6MPUUH=Q;:9=7=WXCL_LW^B6?VI1G)QS7U60<:8:OG.7RK8&.`P-2O&MB:< ML7B:<(M8:=!1A>3^JP]^4^6BHW?NS_"'X;_LC_M+?`3]F'X$?&O2?C=\ M=?C3^TM\/Y_A7-?PZ,;:WM/"/@'PG?W.IWFK^([NR;6;/_3`%!U@L%4VC$^@ M_LR?L[_'"X^-?_!QWI5]\(/B!H3_`+1$VIZ+\$]5UKP[K^@Z/\5)M2^''QWT MZUMO!&MW/]F:1K%G]MU;11]ML[VS_P"0R.>AK^H9K&)Y8WF'F!`)(DD@@,<, MPY-Q`/+-TMSR?FW8Y.,'%,>S202!QO)]#YL(!_U&+>X^T6V1V.T$'!XKYN?% M6(6`PN58+"0PF7X&DJ>%P\JU:O*FY9A2S.K4E7KNI7K3JXVE&K)U)VCHEU;] MV'#2JUWB,7B/:8F3]ZK'DAS)X:>$MRP22M2ERZN6R?NW/XS?V4OCQ^V;)_P1 MV^)?_!/'X+_LL?MB_!S]LGX#_`?QP+'XAZ]\,_$'A3P1K=I:?'"T_MOPG\-_ M&NKW5I>/\5;WX<>)]5_L;PWI-F<$"]36`<@_GK^T/^SO9_&7]A7X>^&_V1O^ M"3/[3?A3XY_#_6?AWKW[4O[1'Q8^%'C&#XR^,?B`6N]'\1:'X!N=1O+OXJ_$ MB^\1^.=6'B[Q,PM/#FC>'?"*;]76,/L3_1`^SXZ/C_?)FE'E9,!M_M'VD#!R M>>2><9J%-/5(A%%--'$GG1QH=V!!-=?:)[;:1]G-ML/V2S7RQ]BM!MM"O6O1 MP_'D,+F-7-*/#\X8JMF']I5)+'9@X3Q,[\[J4I5I49Q;;=->RBX-M7DFDLZW M#7UG"4L#7S=5,/0M[&F\)@H>SMR\NM*G2YN7?WD_17E?^>3X,?"KXKZ?_P`' M!'Q1^,=[\,/'FG_"#4?^"?W@GPMIWQ+N?"NOQ?#ZY\4P7/PP-SX9M?&WV,^' M+W6;--)O=UDNK,V`=H+8K^B;R$]5_,?X4J6_J?,<`?O:;V^UUO=^YEV`EEL:ZIU^:6*Q$ M\56E:_/6J6<>@5Z***`+%%%%3#X5\_P`V`44450!1 M110!'_RS_P`_WJ:O^J_+_P!EHHJH_P`+[O\`VTRE_O#]&34445)J%%%%`!11 M14=9^B_)@5ZL444Y_"_E^:*G\3^7Y(****HDCD[?C_2FK_JOR_\`9:**B'\' MY+\I#Z/U7Y2!_O'\/Y"LF[_X]-/_`.NUG_6BBG3_`(U#_#/\H%KXH?X5^3-B 4/O\`A_6I***HS"BBB@`HHHH`_]D_ ` end
-----END PRIVACY-ENHANCED MESSAGE-----