-----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, SHr2ExPM5Z0lpVe+REktOzKrErH/02LmM5AJFQsEgRKBWYhV6lsLdBqJT9bQUFs1 01qY9LzQMOM0z6IO7sJGGg== 0001144204-08-025472.txt : 20080501 0001144204-08-025472.hdr.sgml : 20080501 20080501140112 ACCESSION NUMBER: 0001144204-08-025472 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 2007-7 CENTRAL INDEX KEY: 0001412684 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: 333-140279-13 FILM NUMBER: 08793845 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: 08793846 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 v112289_424b5.htm Unassociated Document
Supplement dated April 29, 2008
 
To PROSPECTUS SUPPLEMENT dated October 1, 2007
(To Prospectus dated July 30, 2007)
$1,598,999,000
(Approximate Initial Principal Balance)
 
HarborView Mortgage Loan Trust
Mortgage Loan Pass-Through Certificates, Series 2007-7

Class
Approximate Initial
Class Principal
   Balance     
Approximate Current Class
Principal
  Balance   
Initial
Certificate Ratings(1)
Current
Certificate Ratings(1)
Approximate Credit Enhancement           Percentage          
Moody’s
S&P 
Fitch
Moody’s
S&P 
Fitch
Initial Percentage
Current Percentage
Class 1A-1A
$531,326,000
$498,020,621
Aaa
AAA
AAA
Aaa
AAA
AAA(2)
12.95%
13.65%
Class 2A-1A
$539,536,000
$509,079,423
Aaa
AAA
AAA
Aaa
AAA
AAA
34.84%
35.41%
Class 2A-1B
$224,807,000
$212,116,741
Aaa
AAA
AAA
Aaa
AAA
AAA(2)
21.16%
21.81%
Class 2A-1C
$134,884,000
$127,269,856
Aaa
AAA
AAA
Aaa
AAA
AAA(2)
12.95%
13.65%
Class B-1
$ 34,511,000
$ 34,511,000
Aa1
AA+
AA+
Aa1
AA+
AA+(2)
10.85%
11.43%
Class B-2
$ 51,766,000
$ 51,766,000
N/R
AA+
AA+
N/R
AA+
AA+(2)
7.70%
8.12%
Class B-3
$ 18,077,000
$ 18,077,000
N/R
AA+
AA
N/R
AA+
AA(2)
6.60%
6.96%
Class B-4
$ 17,256,000
$ 17,256,000
N/R
AA
AA-
N/R
AA
AA-(2)
5.55%
5.85%
Class B-5
$ 15,612,000
$ 15,612,000
N/R
AA-
A+
N/R
AA-
A+(2)
4.60%
4.85%
Class B-6
$ 12,325,000
$ 12,325,000
N/R
A+
A-
N/R
A+
A(2)
3.85%
4.06%
Class B-7
$ 8,217,000
$ 8,217,000
N/R
A
BBB+
N/R
A
BBB+(2)
3.35%
3.53%
Class B-8
$ 10,682,000
$ 10,682,000
Baa3
BBB-
BBB-
Baa3
BBB-
BBB-(2)
2.70%
2.85%
__________
(1)
The designation “N/R” means that the class of certificates is not publicly rated by the specified rating agency.
(2)
These classes are on Rating Watch Negative by Fitch.
 
Greenwich Capital Acceptance, Inc.
Depositor
 
Greenwich Capital Financial Products, Inc.
Sponsor and Seller
 
HarborView Mortgage Loan Trust 2007-7
Issuing Entity
 
Wells Fargo Bank, N.A.
Master Servicer and Securities Administrator
 
Deutsche Bank National Trust Company
Trustee
 
The prospectus supplement dated October 1, 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
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.
 
S-2

 
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. On August 6, 2007, American Home Mortgage Corp., which originated approximately 11% 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 2%, 7% and 8% of the mortgage loans were originated by GreenPoint Mortgage Funding, Inc., National City Mortgage Co. and Paul Financial, LLC, 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
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.
 
S-3

 
2.  The risk factor on page S-22 entitled “It may be difficult to resell the offered certificates,” is hereby deleted in its entirety and replaced with the following:
 
It may be difficult to resell the
 
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.
 
3. 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
 
                               
0.01 - 50,000.00
   
20
 
$
742,715.55
   
0.05
%
 
7.054
%
 
295
   
64.31
%
 
680
 
50,000.01 - 100,000.00
   
132
   
10,693,182.78
   
0.69
   
7.198
   
349
   
71.31
   
693
 
100,000.01 - 150,000.00
   
355
   
45,418,136.71
   
2.93
   
7.059
   
349
   
74.31
   
702
 
150,000.01 - 200,000.00
   
481
   
84,520,536.19
   
5.45
   
7.162
   
358
   
75.26
   
703
 
200,000.01 - 250,000.00
   
505
   
113,442,149.18
   
7.31
   
7.213
   
365
   
76.35
   
711
 
250,000.01 - 300,000.00
   
419
   
115,317,648.48
   
7.43
   
7.283
   
368
   
76.42
   
711
 
300,000.01 - 350,000.00
   
348
   
112,797,292.40
   
7.27
   
7.313
   
369
   
76.11
   
716
 
350,000.01 - 400,000.00
   
380
   
142,204,301.58
   
9.16
   
7.260
   
369
   
76.44
   
711
 
400,000.01 - 450,000.00
   
359
   
152,447,475.20
   
9.82
   
7.278
   
368
   
76.13
   
715
 
450,000.01 - 500,000.00
   
261
   
124,213,009.02
   
8.00
   
7.253
   
370
   
76.15
   
718
 
500,000.01 - 550,000.00
   
232
   
121,682,749.10
   
7.84
   
7.247
   
372
   
77.87
   
715
 
550,000.01 - 600,000.00
   
201
   
115,425,077.87
   
7.44
   
7.254
   
377
   
76.61
   
718
 
600,000.01 - 650,000.00
   
130
   
80,862,369.43
   
5.21
   
7.129
   
368
   
76.31
   
717
 
650,000.01 - 700,000.00
   
126
   
84,931,045.87
   
5.47
   
7.222
   
373
   
74.92
   
725
 
700,000.01 - 750,000.00
   
58
   
42,045,098.27
   
2.71
   
7.233
   
377
   
72.37
   
712
 
750,000.01 - 800,000.00
   
40
   
30,929,148.77
   
1.99
   
7.234
   
378
   
75.05
   
711
 
800,000.01 - 850,000.00
   
32
   
26,398,140.23
   
1.70
   
7.274
   
396
   
69.14
   
726
 
850,000.01 - 900,000.00
   
19
   
16,607,110.01
   
1.07
   
7.251
   
392
   
71.67
   
711
 
900,000.01 - 950,000.00
   
15
   
13,915,673.33
   
0.90
   
7.202
   
372
   
75.87
   
713
 
950,000.01 - 1,000,000.00
   
29
   
28,572,718.78
   
1.84
   
6.963
   
361
   
73.56
   
714
 
1,000,000.01 and above
   
67
   
88,857,192.70
   
5.73
   
7.083
   
367
   
66.36
   
731
 
Total
   
4,209
 
$
1,552,022,771.45
   
100.00
%
 
7.224
%
 
369
   
75.27
%
 
715
 
 
The average Stated Principal Balance of the mortgage loans was approximately $368,739 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
 
                               
120
   
6
 
$
845,326.29
   
0.05
%
 
6.521
%
 
112
   
50.21
%
 
714
 
180
   
14
   
2,119,769.37
   
0.14
   
6.471
   
171
   
73.97
   
647
 
240
   
12
   
1,879,485.09
   
0.12
   
6.537
   
232
   
69.91
   
647
 
300
   
1
   
136,798.92
   
0.01
   
6.500
   
291
   
64.27
   
609
 
360
   
3,520
   
1,267,273,467.09
   
81.65
   
7.152
   
348
   
75.39
   
716
 
480
   
656
   
279,767,924.69
   
18.03
   
7.564
   
469
   
74.89
   
713
 
Total
   
4,209
 
$
1,552,022,771.45
   
100.00
%
 
7.224
%
 
369
   
75.27
%
 
715
 
 
The weighted average original term to stated maturity of the mortgage loans was approximately 381 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
 
                               
61-120
   
6
 
$
845,326.29
   
0.05
%
 
6.521
%
 
112
   
50.21
%
 
714
 
121-180
   
14
   
2,119,769.37
   
0.14
   
6.471
   
171
   
73.97
   
647
 
181-240
   
12
   
1,879,485.09
   
0.12
   
6.537
   
232
   
69.91
   
647
 
241-300
   
1
   
136,798.92
   
0.01
   
6.500
   
291
   
64.27
   
609
 
301-360
   
3,520
   
1,267,273,467.09
   
81.65
   
7.152
   
348
   
75.39
   
716
 
361 and above
   
656
   
279,767,924.69
   
18.03
   
7.564
   
469
   
74.89
   
713
 
Total
   
4,209
 
$
1,552,022,771.45
   
100.00
%
 
7.224
%
 
369
   
75.27
%
 
715
 
 
The weighted average remaining term to stated maturity of the mortgage loans was approximately 369 months as of 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
   
431
 
$
130,192,284.22
   
8.39
%
 
7.241
%
 
369
   
77.13
%
 
720
 
Cooperative
   
16
   
3,566,285.27
   
0.23
   
6.264
   
340
   
77.11
   
721
 
Manufactured Housing
   
10
   
1,319,662.21
   
0.09
   
7.074
   
352
   
91.28
   
641
 
Planned Unit Development
   
777
   
312,467,152.06
   
20.13
   
7.140
   
366
   
76.63
   
721
 
Single Family
   
2,790
   
1,030,013,169.34
   
66.37
   
7.235
   
370
   
74.81
   
713
 
Townhouse
   
8
   
1,560,636.28
   
0.10
   
7.210
   
376
   
69.96
   
713
 
Two-to Four-Family
   
177
   
72,903,582.07
   
4.70
   
7.445
   
371
   
72.42
   
710
 
Total
   
4,209
 
$
1,552,022,771.45
   
100.00
%
 
7.224
%
 
369
   
75.27
%
 
715
 
 
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
   
567
 
$
146,359,686.72
   
9.43
%
 
7.421
%
 
367
   
72.17
%
 
728
 
Primary
   
3,488
   
1,351,235,689.92
   
87.06
   
7.207
   
370
   
75.57
   
713
 
Second Home
   
154
   
54,427,394.81
   
3.51
   
7.125
   
358
   
76.35
   
732
 
Total
   
4,209
 
$
1,552,022,771.45
   
100.00
%
 
7.224
%
 
369
   
75.27
%
 
715
 
 
___________
*
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 YR LIBOR
   
1
 
$
142,089.37
   
0.01
%
 
4.750
%
 
351
   
98.45
%
 
618
 
10/1 YR LIBOR
   
3
   
755,683.19
   
0.05
   
6.807
   
351
   
78.39
   
709
 
10/1 YR LIBOR IO
   
8
   
2,261,549.22
   
0.15
   
6.786
   
351
   
72.55
   
736
 
2/28 6 MO LIBOR
   
1
   
110,797.82
   
0.01
   
8.750
   
348
   
90.00
   
726
 
2/28 6 MO LIBOR IO
   
1
   
299,900.00
   
0.02
   
7.875
   
348
   
100.00
   
687
 
3/1 YR LIBOR
   
5
   
1,347,688.71
   
0.09
   
6.288
   
370
   
75.71
   
729
 
3/1 YR LIBOR IO
   
12
   
3,251,898.17
   
0.21
   
6.429
   
351
   
73.35
   
702
 
3/27 6 MO LIBOR
   
4
   
1,570,108.77
   
0.10
   
7.167
   
350
   
71.09
   
709
 
3/27 6 MO LIBOR IO
   
25
   
9,877,706.39
   
0.64
   
7.141
   
349
   
82.76
   
733
 
5/1 YR LIBOR
   
24
   
6,565,139.64
   
0.42
   
6.447
   
351
   
73.63
   
717
 
5/1 YR LIBOR IO
   
173
   
60,876,145.99
   
3.92
   
6.826
   
349
   
75.75
   
711
 
5/25 6 MO LIBOR
   
21
   
4,539,990.26
   
0.29
   
7.815
   
350
   
88.86
   
709
 
5/25 6 MO LIBOR IO
   
226
   
103,489,885.76
   
6.67
   
7.103
   
349
   
82.10
   
721
 
6 MO LIBOR IO
   
2
   
747,056.14
   
0.05
   
7.683
   
396
   
66.97
   
716
 
7/1 YR LIBOR
   
10
   
3,199,322.85
   
0.21
   
6.668
   
354
   
78.67
   
732
 
7/1 YR LIBOR IO
   
15
   
6,152,940.17
   
0.40
   
6.677
   
349
   
71.28
   
720
 
7/23 6 MO LIBOR
   
13
   
3,495,233.61
   
0.23
   
7.188
   
347
   
73.91
   
700
 
7/23 6 MO LIBOR IO
   
53
   
25,998,816.69
   
1.68
   
6.693
   
346
   
72.46
   
710
 
Fixed Rate
   
375
   
75,274,619.88
   
4.85
   
6.610
   
340
   
76.99
   
682
 
Fixed Rate IO
   
27
   
6,372,820.02
   
0.41
   
6.906
   
351
   
79.52
   
706
 
Negam 10/1 MO MTA
   
3
   
567,011.97
   
0.04
   
7.704
   
351
   
75.18
   
693
 
Negam 10/6 MO LIBOR
   
6
   
2,384,786.63
   
0.15
   
7.391
   
350
   
68.29
   
755
 
Negam 3/1 MO MTA IO YRS 3-10
   
2
   
273,641.22
   
0.02
   
8.218
   
351
   
88.54
   
772
 
Negam 5/1 MO LIBOR IO YRS 5-10
   
14
   
4,681,594.61
   
0.30
   
8.020
   
351
   
88.13
   
701
 
Negam 5/1 MO MTA
   
387
   
150,419,904.77
   
9.69
   
7.750
   
357
   
71.74
   
710
 
Negam 5/1 MO MTA IO YRS 5-10
   
88
   
29,771,025.69
   
1.92
   
7.723
   
361
   
81.22
   
711
 
Negam 5/1 YR LIBOR IO YRS 5-10
   
97
   
39,592,787.18
   
2.55
   
7.148
   
349
   
72.69
   
720
 
Negam 5/6 MO LIBOR IO YRS 5-10
   
1,180
   
435,407,160.07
   
28.05
   
6.884
   
357
   
73.65
   
731
 
Negam 7/1 MO LIBOR IO YRS 7-10
   
6
   
1,622,287.35
   
0.10
   
7.663
   
351
   
82.86
   
700
 
Negam 7/1 MO MTA IO YRS 7-10
   
18
   
8,745,043.57
   
0.56
   
7.568
   
351
   
71.96
   
761
 
Negam 7/6 MO LIBOR IO Yr 7-10
   
46
   
13,677,932.16
   
0.88
   
6.564
   
348
   
74.91
   
729
 
Negam Fixed 10 Yr NEGAM
   
13
   
6,042,721.33
   
0.39
   
6.889
   
351
   
62.32
   
746
 
Negam Fixed IO Yrs 5-10
   
20
   
9,525,086.75
   
0.61
   
7.760
   
351
   
81.02
   
704
 
Negam LIBOR
   
30
   
9,171,255.71
   
0.59
   
6.193
   
388
   
76.61
   
704
 
Negam LIBOR 40/30 Balloon
   
5
   
1,868,839.98
   
0.12
   
6.535
   
349
   
75.20
   
688
 
Negam LIBOR 5 Yr Fixed Pay
   
2
   
555,175.32
   
0.04
   
5.875
   
429
   
73.40
   
756
 
Negam MTA
   
1,176
   
485,657,480.33
   
31.29
   
7.566
   
400
   
75.81
   
706
 
Negam MTA 40/30 Balloon
   
11
   
5,044,689.87
   
0.33
   
7.572
   
348
   
74.40
   
691
 
Negam MTA 5 Yr Fixed Pay
   
99
   
28,399,298.56
   
1.83
   
7.568
   
406
   
74.83
   
709
 
Negam MTA 5 Yr FxPay 40/30 Balloon
   
7
   
2,285,655.73
   
0.15
   
7.416
   
350
   
69.97
   
696
 
Total
   
4,209
 
$
1,552,022,771.45
   
100.00
%
 
7.224
%
 
369
   
75.27
%
 
715
 
 
 
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
   
2,118
 
$
782,738,551.88
   
50.43
%
 
7.269
%
 
370
   
72.30
%
 
712
 
Purchase
   
982
   
336,908,489.95
   
21.71
   
7.142
   
364
   
81.88
   
722
 
Rate/Term Refinance
   
1,109
   
432,375,729.62
   
27.86
   
7.206
   
371
   
75.52
   
716
 
Total
   
4,209
 
$
1,552,022,771.45
   
100.00
%
 
7.224
%
 
369
   
75.27
%
 
715
 
 
 
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
 
                               
Alternative Documentation
   
80
 
$
27,107,606.56
   
1.75
%
 
6.869
%
 
358
   
73.32
%
 
717
 
Express Documentation
   
76
   
24,151,371.38
   
1.56
   
7.618
   
396
   
67.03
   
718
 
Full Documentation
   
1,109
   
302,956,638.64
   
19.52
   
6.913
   
350
   
76.67
   
712
 
Lite Documentation
   
889
   
386,752,671.75
   
24.92
   
7.556
   
387
   
73.94
   
703
 
No Income/No Asset
   
25
   
10,403,346.77
   
0.67
   
7.500
   
379
   
72.09
   
715
 
No Income/Verified Asset*
   
139
   
61,637,381.44
   
3.97
   
7.197
   
362
   
76.61
   
723
 
No Documentation
   
46
   
14,268,598.14
   
0.92
   
7.395
   
349
   
84.52
   
728
 
Reduced Documentation
   
81
   
29,905,965.05
   
1.93
   
7.064
   
354
   
77.98
   
721
 
Stated Income/Stated Asset
   
159
   
49,007,421.68
   
3.16
   
7.490
   
379
   
76.23
   
708
 
Stated Income/Verified Asset
   
1,605
   
645,831,770.04
   
41.61
   
7.153
   
368
   
75.33
   
723
 
Total
   
4,209
 
$
1,552,022,771.45
   
100.00
%
 
7.224
%
 
369
   
75.27
%
 
715
 
 
*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
   
163
 
$
54,158,136.62
   
3.49
%
 
6.989
%
 
359
   
71.42
%
 
727
 
20.01 - 25.00
   
269
   
94,518,443.05
   
6.09
   
7.024
   
362
   
72.58
   
723
 
25.01 - 30.00
   
468
   
168,653,358.63
   
10.87
   
7.068
   
357
   
73.66
   
725
 
30.01 - 35.00
   
743
   
278,015,039.50
   
17.91
   
7.241
   
364
   
74.83
   
719
 
35.01 - 40.00
   
1,265
   
490,370,315.11
   
31.60
   
7.385
   
379
   
76.09
   
709
 
40.01 - 45.00
   
847
   
318,025,617.55
   
20.49
   
7.203
   
375
   
75.62
   
712
 
45.01 - 50.00
   
185
   
62,205,811.77
   
4.01
   
6.975
   
361
   
76.16
   
710
 
50.01 - 55.00
   
52
   
11,314,853.49
   
0.73
   
6.970
   
360
   
78.80
   
691
 
55.01 - 60.00
   
28
   
5,632,673.63
   
0.36
   
6.692
   
343
   
75.43
   
665
 
60.01 and above
   
25
   
5,096,887.57
   
0.33
   
6.888
   
345
   
82.00
   
703
 
None
   
164
   
64,031,634.53
   
4.13
   
7.289
   
352
   
78.65
   
726
 
Total
   
4,209
 
$
1,552,022,771.45
   
100.00
%
 
7.224
%
 
369
   
75.27
%
 
715
 
 
The non-zero weighted average debt-to-income ratio of the mortgage loans was approximately 35.66% 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
   
208
 
$
55,621,058.21
   
3.58
%
 
6.895
%
 
365
   
40.46
%
 
733
 
50.00 - 54.99
   
86
   
28,516,136.43
   
1.84
   
7.065
   
363
   
52.58
   
717
 
55.00 - 59.99
   
134
   
54,662,899.49
   
3.52
   
7.028
   
363
   
57.64
   
723
 
60.00 - 64.99
   
191
   
81,530,343.64
   
5.25
   
7.082
   
369
   
62.51
   
723
 
65.00 - 69.99
   
270
   
112,044,889.85
   
7.22
   
7.177
   
372
   
67.61
   
717
 
70.00 - 74.99
   
428
   
169,688,989.56
   
10.93
   
7.171
   
370
   
72.20
   
715
 
75.00 - 79.99
   
791
   
316,000,748.00
   
20.36
   
7.223
   
367
   
77.17
   
713
 
80.00
   
1,464
   
567,659,423.96
   
36.58
   
7.287
   
374
   
80.00
   
716
 
80.01 - 84.99
   
44
   
11,480,224.49
   
0.74
   
7.196
   
348
   
83.45
   
705
 
85.00 - 89.99
   
150
   
41,749,165.52
   
2.69
   
7.224
   
360
   
87.99
   
702
 
90.00 - 94.99
   
234
   
64,134,701.58
   
4.13
   
7.488
   
361
   
90.55
   
706
 
95.00 - 99.99
   
150
   
32,507,355.76
   
2.09
   
7.261
   
356
   
96.05
   
687
 
100.00
   
59
   
16,426,834.96
   
1.06
   
7.568
   
349
   
100.00
   
727
 
Total
   
4,209
 
$
1,552,022,771.45
   
100.00
%
 
7.224
%
 
369
   
75.27
%
 
715
 
 
The weighted average original combined loan-to-value ratio of the mortgage loans was approximately 75.27% 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
   
16
 
$
3,720,049.70
   
0.24
%
 
7.163
%
 
348
   
83.14
%
 
734
 
Alaska
   
8
   
2,346,764.02
   
0.15
   
7.025
   
357
   
77.93
   
703
 
Arizona
   
243
   
83,785,280.28
   
5.40
   
7.211
   
367
   
75.63
   
717
 
Arkansas
   
3
   
463,396.71
   
0.03
   
6.557
   
351
   
93.01
   
626
 
California
   
1,871
   
848,789,238.48
   
54.69
   
7.325
   
378
   
73.84
   
715
 
Colorado
   
70
   
18,986,796.59
   
1.22
   
7.093
   
352
   
78.71
   
729
 
Connecticut
   
33
   
9,904,754.23
   
0.64
   
6.887
   
366
   
74.24
   
704
 
Delaware
   
5
   
1,032,562.82
   
0.07
   
7.568
   
349
   
90.50
   
710
 
District of Columbia
   
5
   
1,739,446.47
   
0.11
   
6.900
   
348
   
71.80
   
694
 
Florida
   
457
   
136,213,879.76
   
8.78
   
7.199
   
361
   
76.39
   
717
 
Georgia
   
42
   
9,834,778.30
   
0.63
   
6.973
   
349
   
83.50
   
702
 
Hawaii
   
44
   
25,207,417.19
   
1.62
   
7.118
   
365
   
70.91
   
731
 
Idaho
   
17
   
5,295,606.45
   
0.34
   
6.979
   
348
   
80.21
   
704
 
Illinois
   
108
   
31,334,526.48
   
2.02
   
7.041
   
354
   
78.52
   
699
 
Indiana
   
28
   
5,357,501.42
   
0.35
   
6.786
   
349
   
84.13
   
691
 
Iowa
   
6
   
924,162.34
   
0.06
   
6.718
   
348
   
83.31
   
703
 
Kansas
   
5
   
604,431.81
   
0.04
   
6.881
   
352
   
89.55
   
684
 
Kentucky
   
13
   
1,735,399.11
   
0.11
   
6.842
   
351
   
83.11
   
667
 
Louisiana
   
16
   
2,888,349.69
   
0.19
   
6.605
   
345
   
83.39
   
679
 
Maine
   
10
   
2,200,566.40
   
0.14
   
6.437
   
346
   
76.96
   
733
 
Maryland
   
86
   
29,131,175.24
   
1.88
   
7.010
   
349
   
78.99
   
718
 
Massachusetts
   
20
   
6,263,558.43
   
0.40
   
6.980
   
365
   
76.29
   
698
 
Michigan
   
58
   
16,054,026.82
   
1.03
   
7.145
   
355
   
72.87
   
740
 
Minnesota
   
24
   
6,242,183.54
   
0.40
   
7.103
   
357
   
79.96
   
704
 
Mississippi
   
7
   
1,465,135.06
   
0.09
   
6.635
   
348
   
73.30
   
720
 
Missouri
   
28
   
5,155,126.91
   
0.33
   
6.876
   
353
   
78.00
   
734
 
Montana
   
3
   
604,479.42
   
0.04
   
7.314
   
307
   
86.02
   
717
 
Nebraska
   
4
   
613,439.71
   
0.04
   
7.599
   
384
   
86.35
   
715
 
Nevada
   
101
   
32,229,683.35
   
2.08
   
7.449
   
378
   
77.87
   
707
 
New Hampshire
   
4
   
869,894.93
   
0.06
   
6.690
   
342
   
71.22
   
718
 
New Jersey
   
76
   
25,104,940.08
   
1.62
   
6.917
   
347
   
76.42
   
708
 
New Mexico
   
20
   
5,391,385.96
   
0.35
   
7.198
   
354
   
79.32
   
731
 
New York
   
79
   
30,048,621.20
   
1.94
   
7.128
   
348
   
74.38
   
704
 
North Carolina
   
54
   
13,316,213.22
   
0.86
   
6.924
   
347
   
78.79
   
705
 
Ohio
   
33
   
4,657,237.50
   
0.30
   
6.880
   
348
   
82.90
   
703
 
Oklahoma
   
3
   
426,073.42
   
0.03
   
6.362
   
365
   
82.07
   
698
 
Oregon
   
92
   
30,537,006.40
   
1.97
   
7.058
   
360
   
76.76
   
717
 
Pennsylvania
   
49
   
9,651,581.04
   
0.62
   
6.791
   
336
   
75.33
   
707
 
Rhode Island
   
4
   
994,994.33
   
0.06
   
6.847
   
348
   
88.02
   
674
 
South Carolina
   
27
   
7,564,079.83
   
0.49
   
7.126
   
348
   
79.26
   
697
 
South Dakota
   
2
   
450,916.22
   
0.03
   
6.499
   
378
   
82.30
   
703
 
Tennessee
   
14
   
4,081,699.53
   
0.26
   
6.616
   
348
   
73.31
   
747
 
Texas
   
54
   
10,581,662.90
   
0.68
   
6.846
   
352
   
80.29
   
703
 
Utah
   
41
   
12,217,365.96
   
0.79
   
7.220
   
355
   
83.49
   
721
 
Vermont
   
1
   
214,439.57
   
0.01
   
6.625
   
352
   
90.00
   
0
 
Virginia
   
91
   
27,953,094.73
   
1.80
   
7.116
   
353
   
75.64
   
707
 
Washington
   
216
   
73,327,620.15
   
4.72
   
7.071
   
362
   
77.04
   
723
 
West Virginia
   
6
   
1,307,393.67
   
0.08
   
6.961
   
348
   
83.67
   
733
 
Wisconsin
   
12
   
3,202,834.08
   
0.21
   
7.030
   
348
   
80.17
   
707
 
Total
   
4,209
 
$
1,552,022,771.45
   
100.00
%
 
7.224
%
 
369
   
75.27
%
 
715
 
 
As of April 1, 2008, the greatest five-digit ZIP Code geographic concentration of mortgage loans by Stated Principal Balance was approximately 0.45% in the 91344 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
 
                               
4.500 - 4.999
 
 
1
 
$
142,089.37
 
 
0.01
%
 
4.750
%
 
351
 
 
98.45
%
 
618
 
5.000 - 5.499
 
 
4
 
 
1,283,558.79
 
 
0.08
 
 
5.366
 
 
336
 
 
71.49
 
 
692
 
5.500 - 5.999
 
 
84
 
 
27,457,714.25
 
 
1.77
 
 
5.808
 
 
350
 
 
69.96
 
 
733
 
6.000 - 6.499
 
 
352
 
 
122,148,417.58
 
 
7.87
 
 
6.255
 
 
351
 
 
72.17
 
 
725
 
6.500 - 6.999
 
 
1,025
 
 
377,256,027.99
 
 
24.31
 
 
6.730
 
 
350
 
 
73.85
 
 
723
 
7.000 - 7.499
 
 
1,151
 
 
443,459,858.61
 
 
28.57
 
 
7.205
 
 
370
 
 
75.01
 
 
717
 
7.500 - 7.999
 
 
1,137
 
 
419,968,309.00
 
 
27.06
 
 
7.691
 
 
389
 
 
77.06
 
 
708
 
8.000 - 8.499
 
 
381
 
 
138,616,378.88
 
 
8.93
 
 
8.139
 
 
378
 
 
76.86
 
 
699
 
8.500 - 8.999
 
 
64
 
 
19,318,556.54
 
 
1.24
 
 
8.621
 
 
363
 
 
84.14
 
 
699
 
9.000 - 9.499
 
 
10
 
 
2,371,860.44
 
 
0.15
 
 
9.154
 
 
350
 
 
90.54
 
 
681
 
Total
   
4,209
 
$
1,552,022,771.45
   
100.00
%
 
7.224
%
 
369
   
75.27
%
 
715
 
 
The weighted average loan rate of the mortgage loans as of April 1, 2008 was approximately 7.224%.
 
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
 
                               
9.500 - 9.999
   
712
 
$
257,840,099.27
   
17.72
%
 
7.576
%
 
390
   
77.06
%
 
709
 
10.000 - 10.499
   
3
   
1,238,471.58
   
0.09
   
6.366
   
346
   
78.29
   
695
 
10.500 - 10.999
   
636
   
286,589,681.93
   
19.70
   
7.373
   
404
   
74.74
   
704
 
11.000 - 11.499
   
231
   
83,943,788.63
   
5.77
   
6.461
   
360
   
70.71
   
729
 
11.500 - 11.999
   
701
   
283,917,909.27
   
19.52
   
6.726
   
351
   
73.55
   
729
 
12.000 - 12.499
   
607
   
219,436,475.22
   
15.08
   
7.115
   
355
   
74.86
   
723
 
12.500 - 12.999
   
575
   
208,828,583.65
   
14.35
   
7.521
   
360
   
76.90
   
719
 
13.000 - 13.499
   
233
   
87,491,644.70
   
6.01
   
7.888
   
353
   
75.46
   
707
 
13.500 - 13.999
   
67
   
23,691,707.75
   
1.63
   
8.006
   
356
   
81.00
   
713
 
14.000 - 14.499
   
6
   
1,477,951.84
   
0.10
   
9.170
   
349
   
89.95
   
696
 
14.500 - 14.999
   
2
   
216,347.82
   
0.01
   
8.628
   
348
   
89.99
   
734
 
15.500 - 15.999
   
1
   
134,861.81
   
0.01
   
7.875
   
343
   
80.00
   
685
 
Total
   
3,774
 
$
1,454,807,523.47
   
100.00
%
 
7.255
%
 
371
   
75.18
%
 
717
 
 
The weighted average maximum loan rate of the adjustable rate mortgage loans was approximately 11.562% 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
 
                               
2.000 - 2.499
 
 
1,063
 
$
379,354,434.32
 
 
26.08
%
 
6.795
%
 
350
 
 
73.71
%
 
728
 
2.500 - 2.999
 
 
1,003
 
 
430,324,285.47
 
 
29.58
 
 
7.087
 
 
366
 
 
75.04
 
 
724
 
3.000 - 3.499
 
 
1,146
 
 
450,966,648.10
 
 
31.00
 
 
7.609
 
 
387
 
 
75.09
 
 
708
 
3.500 - 3.999
 
 
348
 
 
121,057,085.35
 
 
8.32
 
 
7.927
 
 
404
 
 
79.12
 
 
691
 
4.000 - 4.499
 
 
104
 
 
34,559,499.88
 
 
2.38
 
 
7.458
 
 
350
 
 
78.34
 
 
716
 
4.500 - 4.999
 
 
61
 
 
20,224,919.72
 
 
1.39
 
 
6.961
 
 
349
 
 
75.73
 
 
717
 
5.000 - 5.499
 
 
41
 
 
14,558,689.78
 
 
1.00
 
 
7.464
 
 
349
 
 
78.67
 
 
700
 
5.500 - 5.999
 
 
8
 
 
3,761,960.85
 
 
0.26
 
 
7.783
 
 
346
 
 
78.56
 
 
689
 
Total
 
 
3,774
 
$
1,454,807,523.47
 
 
100.00
%
 
7.255
%
 
371
 
 
75.18
%
 
717
 
 
The weighted average minimum loan rate of the adjustable rate mortgage loans was approximately 2.930% 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
 
                               
2.000 - 2.499
   
1,221
 
$
434,521,665.70
   
29.87
%
 
6.807
%
 
350
   
73.90
%
 
726
 
2.500 - 2.999
   
937
   
408,307,593.45
   
28.07
   
7.032
   
367
   
74.52
   
724
 
3.000 - 3.499
   
1,177
   
463,981,689.93
   
31.89
   
7.616
   
386
   
75.24
   
709
 
3.500 - 3.999
   
372
   
127,006,411.97
   
8.73
   
8.010
   
402
   
80.21
   
690
 
4.000 - 4.499
   
53
   
17,722,110.62
   
1.22
   
8.412
   
351
   
83.50
   
718
 
4.500 - 4.999
   
1
   
630,040.65
   
0.04
   
8.875
   
343
   
68.60
   
736
 
5.000 - 5.499
   
13
   
2,638,011.15
   
0.18
   
7.526
   
350
   
82.44
   
658
 
Total
   
3,774
 
$
1,454,807,523.47
   
100.00
%
 
7.255
%
 
371
   
75.18
%
 
717
 
 
The weighted average gross margin of the adjustable rate mortgage loans was approximately 2.849% 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
 
                               
400 - 499
   
1
 
$
113,942.32
   
0.01
%
 
6.875
%
 
352
   
96.42
%
 
487
 
500 - 524
   
4
   
616,747.48
   
0.04
   
6.733
   
352
   
63.25
   
517
 
525 - 549
   
9
   
1,189,883.87
   
0.08
   
6.955
   
340
   
90.53
   
538
 
550 - 574
   
18
   
2,521,542.79
   
0.16
   
6.980
   
334
   
81.43
   
561
 
575 - 599
   
42
   
7,278,574.56
   
0.47
   
6.869
   
345
   
81.55
   
590
 
600 - 624
   
102
   
23,748,096.85
   
1.53
   
7.097
   
360
   
74.43
   
616
 
625 - 649
   
279
   
83,645,996.60
   
5.39
   
7.504
   
374
   
74.64
   
639
 
650 - 674
   
539
   
203,821,916.81
   
13.13
   
7.389
   
370
   
76.28
   
664
 
675 - 699
   
752
   
283,513,765.31
   
18.27
   
7.322
   
370
   
76.27
   
687
 
700 - 724
   
747
   
289,037,323.71
   
18.62
   
7.228
   
372
   
75.83
   
712
 
725 - 749
   
645
   
251,267,928.28
   
16.19
   
7.131
   
369
   
76.32
   
736
 
750 - 774
   
527
   
206,816,087.07
   
13.33
   
7.133
   
366
   
74.65
   
762
 
775 - 799
   
381
   
146,130,289.30
   
9.42
   
7.007
   
366
   
72.16
   
786
 
800 and above
   
148
   
48,941,126.33
   
3.15
   
7.102
   
370
   
68.45
   
806
 
None
   
15
   
3,379,550.17
   
0.22
   
7.407
   
369
   
76.76
   
N/A
 
Total
   
4,209
 
$
1,552,022,771.45
   
100.00
%
 
7.224
%
 
369
   
75.27
%
 
715
 
 
The weighted average credit score of the mortgage loans with credit scores was approximately 715 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
   
1,830
 
$
632,553,102.18
   
40.76
%
 
6.904
%
 
353
   
75.37
%
 
718
 
6
   
1
   
344,369.76
   
0.02
   
7.250
   
345
   
73.63
   
785
 
12
   
580
   
254,725,430.29
   
16.41
   
7.274
   
376
   
74.50
   
717
 
24
   
171
   
75,110,609.43
   
4.84
   
7.393
   
395
   
75.76
   
725
 
30
   
2
   
573,003.39
   
0.04
   
8.281
   
349
   
89.95
   
692
 
36
   
1,619
   
587,220,466.26
   
37.84
   
7.523
   
381
   
75.44
   
710
 
60
   
6
   
1,495,790.14
   
0.10
   
7.605
   
347
   
70.56
   
741
 
Total
   
4,209
 
$
1,552,022,771.45
   
100.00
%
 
7.224
%
 
369
   
75.27
%
 
715
 
 
 
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
   
999
 
$
316,329,392.65
   
20.38
%
 
6.869
%
 
347
   
78.17
%
 
708
 
110
   
124
   
52,557,018.45
   
3.39
   
7.612
   
367
   
79.69
   
712
 
115
   
2,577
   
989,294,691.15
   
63.74
   
7.218
   
379
   
74.49
   
718
 
120
   
509
   
193,841,669.20
   
12.49
   
7.726
   
356
   
73.33
   
712
 
Total
   
4,209
 
$
1,552,022,771.45
   
100.00
%
 
7.224
%
 
369
   
75.27
%
 
715
 
 
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
   
1,330
 
$
532,982,395.50
   
36.64
%
 
7.537
%
 
399
   
75.73
%
 
706
 
2
   
2
   
747,056.14
   
0.05
   
7.683
   
396
   
66.97
   
716
 
3
   
1
   
142,089.37
   
0.01
   
4.750
   
351
   
98.45
   
618
 
12
   
2
   
410,697.82
   
0.03
   
8.111
   
348
   
97.30
   
698
 
23
   
1
   
699,666.90
   
0.05
   
7.500
   
347
   
70.00
   
738
 
24
   
5
   
2,542,138.88
   
0.17
   
6.930
   
348
   
88.57
   
746
 
25
   
7
   
3,290,941.64
   
0.23
   
7.170
   
349
   
79.86
   
737
 
26
   
18
   
5,707,355.48
   
0.39
   
7.176
   
350
   
80.04
   
726
 
27
   
9
   
2,170,402.64
   
0.15
   
6.477
   
363
   
70.88
   
710
 
28
   
8
   
1,910,537.72
   
0.13
   
6.251
   
352
   
76.61
   
688
 
39
   
1
   
361,707.76
   
0.02
   
7.875
   
339
   
74.58
   
750
 
40
   
22
   
9,584,148.06
   
0.66
   
7.673
   
340
   
72.20
   
721
 
42
   
6
   
2,175,583.60
   
0.15
   
6.941
   
366
   
82.19
   
763
 
43
   
87
   
30,822,811.35
   
2.12
   
6.949
   
349
   
72.96
   
725
 
44
   
320
   
111,906,482.53
   
7.69
   
6.860
   
351
   
74.53
   
729
 
45
   
291
   
114,820,042.21
   
7.89
   
6.805
   
349
   
72.79
   
732
 
46
   
229
   
79,235,931.25
   
5.45
   
6.974
   
350
   
72.45
   
722
 
47
   
90
   
37,143,067.54
   
2.55
   
7.272
   
348
   
72.14
   
712
 
48
   
234
   
83,196,838.24
   
5.72
   
7.114
   
348
   
75.29
   
714
 
49
   
276
   
121,990,706.12
   
8.39
   
7.211
   
359
   
77.10
   
721
 
50
   
373
   
139,377,022.30
   
9.58
   
7.167
   
361
   
76.12
   
726
 
51
   
197
   
68,973,795.14
   
4.74
   
7.551
   
360
   
77.56
   
713
 
52
   
76
   
32,658,759.17
   
2.24
   
7.619
   
391
   
74.97
   
723
 
53
   
8
   
3,096,738.70
   
0.21
   
7.849
   
353
   
71.65
   
717
 
61
   
1
   
999,939.90
   
0.07
   
7.875
   
337
   
74.07
   
720
 
63
   
3
   
1,484,952.88
   
0.10
   
6.693
   
339
   
64.00
   
692
 
64
   
3
   
1,426,250.00
   
0.10
   
6.930
   
340
   
76.22
   
685
 
65
   
4
   
1,941,454.69
   
0.13
   
7.015
   
341
   
66.44
   
698
 
66
   
5
   
1,613,246.74
   
0.11
   
6.681
   
342
   
71.66
   
697
 
67
   
3
   
869,572.06
   
0.06
   
6.866
   
343
   
55.08
   
729
 
68
   
3
   
1,576,000.00
   
0.11
   
6.845
   
344
   
61.39
   
721
 
69
   
2
   
272,581.49
   
0.02
   
6.445
   
345
   
44.14
   
662
 
70
   
3
   
2,228,000.00
   
0.15
   
6.555
   
346
   
75.62
   
692
 
71
   
10
   
2,578,842.61
   
0.18
   
6.535
   
347
   
76.25
   
696
 
72
   
36
   
10,321,081.08
   
0.71
   
6.578
   
348
   
75.59
   
723
 
73
   
23
   
10,233,046.88
   
0.70
   
6.707
   
349
   
75.46
   
717
 
74
   
20
   
9,459,519.01
   
0.65
   
6.802
   
350
   
75.21
   
729
 
75
   
35
   
14,197,478.33
   
0.98
   
7.226
   
351
   
72.49
   
746
 
76
   
10
   
3,689,610.73
   
0.25
   
6.620
   
352
   
76.85
   
724
 
108
   
1
   
454,000.00
   
0.03
   
7.750
   
348
   
73.94
   
673
 
109
   
1
   
219,673.04
   
0.02
   
8.250
   
349
   
80.00
   
721
 
110
   
6
   
2,335,557.76
   
0.16
   
7.327
   
350
   
66.94
   
749
 
111
   
7
   
1,934,012.98
   
0.13
   
6.789
   
351
   
75.85
   
725
 
112
   
5
   
1,025,787.23
   
0.07
   
6.739
   
352
   
72.74
   
760
 
Total
   
3,774
 
$
1,454,807,523.47
   
100.00
%
 
7.255
%
 
371
   
75.18
%
 
717
 
 
The weighted average months to next rate adjustment of the adjustable rate mortgage loans was approximately 31 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
   
257
 
$
100,973,251.16
   
6.94
%
 
7.530
%
 
397
   
75.97
%
 
712
 
2
   
243
   
91,982,666.62
   
6.32
   
7.443
   
407
   
75.88
   
709
 
3
   
85
   
34,986,256.90
   
2.40
   
7.444
   
389
   
75.84
   
718
 
4
   
57
   
25,754,792.35
   
1.77
   
7.519
   
387
   
76.56
   
704
 
5
   
27
   
11,602,932.05
   
0.80
   
7.579
   
401
   
77.75
   
703
 
6
   
6
   
2,128,870.35
   
0.15
   
7.896
   
342
   
81.74
   
704
 
7
   
23
   
10,729,907.33
   
0.74
   
7.939
   
357
   
77.29
   
708
 
8
   
10
   
6,658,442.83
   
0.46
   
7.624
   
364
   
72.69
   
716
 
9
   
38
   
18,213,851.30
   
1.25
   
7.779
   
374
   
76.23
   
692
 
10
   
73
   
29,930,519.50
   
2.06
   
7.648
   
377
   
76.80
   
701
 
11
   
208
   
85,950,018.19
   
5.91
   
7.573
   
399
   
74.58
   
697
 
12
   
263
   
110,106,090.02
   
7.57
   
7.538
   
405
   
75.28
   
706
 
23
   
1
   
699,666.90
   
0.05
   
7.500
   
347
   
70.00
   
738
 
24
   
5
   
2,542,138.88
   
0.17
   
6.930
   
348
   
88.57
   
746
 
25
   
7
   
3,290,941.64
   
0.23
   
7.170
   
349
   
79.86
   
737
 
26
   
18
   
5,707,355.48
   
0.39
   
7.176
   
350
   
80.04
   
726
 
27
   
9
   
2,170,402.64
   
0.15
   
6.477
   
363
   
70.88
   
710
 
28
   
8
   
1,910,537.72
   
0.13
   
6.251
   
352
   
76.61
   
688
 
39
   
1
   
361,707.76
   
0.02
   
7.875
   
339
   
74.58
   
750
 
40
   
19
   
8,155,694.86
   
0.56
   
7.596
   
340
   
70.85
   
729
 
41
   
2
   
670,679.96
   
0.05
   
7.392
   
341
   
81.21
   
690
 
42
   
5
   
2,085,673.60
   
0.14
   
6.916
   
368
   
81.89
   
766
 
43
   
86
   
30,395,619.88
   
2.09
   
6.933
   
348
   
73.02
   
725
 
44
   
321
   
112,043,731.36
   
7.70
   
6.861
   
351
   
74.53
   
729
 
45
   
291
   
114,820,042.21
   
7.89
   
6.805
   
349
   
72.79
   
732
 
46
   
220
   
76,039,487.81
   
5.23
   
6.948
   
350
   
72.38
   
722
 
47
   
78
   
32,040,529.09
   
2.20
   
7.225
   
349
   
72.23
   
708
 
48
   
227
   
79,397,957.93
   
5.46
   
7.109
   
350
   
75.58
   
713
 
49
   
300
   
127,337,771.29
   
8.75
   
7.200
   
364
   
77.03
   
720
 
50
   
424
   
152,759,393.94
   
10.50
   
7.198
   
364
   
75.98
   
725
 
51
   
203
   
70,855,924.72
   
4.87
   
7.544
   
362
   
77.35
   
713
 
52
   
71
   
30,933,725.30
   
2.13
   
7.625
   
393
   
74.69
   
725
 
53
   
7
   
2,710,334.49
   
0.19
   
7.953
   
353
   
72.59
   
707
 
61
   
1
   
999,939.90
   
0.07
   
7.875
   
337
   
74.07
   
720
 
63
   
3
   
1,484,952.88
   
0.10
   
6.693
   
339
   
64.00
   
692
 
64
   
3
   
1,426,250.00
   
0.10
   
6.930
   
340
   
76.22
   
685
 
65
   
4
   
1,941,454.69
   
0.13
   
7.015
   
341
   
66.44
   
698
 
66
   
5
   
1,613,246.74
   
0.11
   
6.681
   
342
   
71.66
   
697
 
67
   
3
   
869,572.06
   
0.06
   
6.866
   
343
   
55.08
   
729
 
68
   
3
   
1,576,000.00
   
0.11
   
6.845
   
344
   
61.39
   
721
 
69
   
2
   
272,581.49
   
0.02
   
6.445
   
345
   
44.14
   
662
 
70
   
3
   
2,228,000.00
   
0.15
   
6.555
   
346
   
75.62
   
692
 
71
   
10
   
2,578,842.61
   
0.18
   
6.535
   
347
   
76.25
   
696
 
72
   
36
   
10,321,081.08
   
0.71
   
6.578
   
348
   
75.59
   
723
 
73
   
23
   
10,233,046.88
   
0.70
   
6.707
   
349
   
75.46
   
717
 
74
   
20
   
9,459,519.01
   
0.65
   
6.802
   
350
   
75.21
   
729
 
75
   
35
   
14,197,478.33
   
0.98
   
7.226
   
351
   
72.49
   
746
 
76
   
10
   
3,689,610.73
   
0.25
   
6.620
   
352
   
76.85
   
724
 
108
   
1
   
454,000.00
   
0.03
   
7.750
   
348
   
73.94
   
673
 
109
   
1
   
219,673.04
   
0.02
   
8.250
   
349
   
80.00
   
721
 
110
   
6
   
2,335,557.76
   
0.16
   
7.327
   
350
   
66.94
   
749
 
111
   
7
   
1,934,012.98
   
0.13
   
6.789
   
351
   
75.85
   
725
 
112
   
5
   
1,025,787.23
   
0.07
   
6.739
   
352
   
72.74
   
760
 
Total
   
3,774
 
$
1,454,807,523.47
   
100.00
%
 
7.255
%
 
371
   
75.18
%
 
717
 
 
The weighted average months to next payment adjustment of the adjustable rate mortgage loans was approximately 34 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
   
50
 
$
21,130,055.62
   
1.36
%
 
7.507
%
 
355
   
79.26
%
 
698
 
60 - 89 Days
   
32
   
12,967,303.32
   
0.84
   
7.357
   
374
   
80.33
   
700
 
90+ Days
   
28
   
10,891,566.08
   
0.70
   
7.592
   
351
   
82.13
   
703
 
Current
   
4,024
   
1,472,712,481.27
   
94.89
   
7.210
   
369
   
75.00
   
716
 
Foreclosure
   
70
   
32,429,164.12
   
2.09
   
7.483
   
366
   
80.54
   
699
 
REO
   
5
   
1,892,201.04
   
0.12
   
7.507
   
422
   
75.84
   
695
 
Total
   
4,209
 
$
1,552,022,771.45
   
100.00
%
 
7.224
%
 
369
   
75.27
%
 
715
 
 
 
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
   
3,994
 
$
1,461,275,637.65
   
94.15
%
 
7.211
%
 
370
   
74.96
%
 
716
 
1
   
185
   
79,997,811.91
   
5.15
   
7.452
   
364
   
80.06
   
697
 
2
   
22
   
7,301,322.35
   
0.47
   
7.286
   
348
   
82.52
   
676
 
3
   
6
   
2,589,406.86
   
0.17
   
7.238
   
346
   
79.57
   
716
 
4
   
1
   
247,090.34
   
0.02
   
7.375
   
350
   
80.00
   
642
 
5
   
1
   
611,502.34
   
0.04
   
7.500
   
465
   
80.00
   
668
 
Total
   
4,209
 
$
1,552,022,771.45
   
100.00
%
 
7.224
%
 
369
   
75.27
%
 
715
 

 
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
   
4,075
 
$
1,494,142,956.22
   
96.27
%
 
7.215
%
 
369
   
75.07
%
 
716
 
1
   
124
   
55,020,387.07
   
3.55
   
7.460
   
368
   
80.39
   
703
 
2
   
7
   
2,300,534.80
   
0.15
   
7.338
   
347
   
82.40
   
699
 
3
   
2
   
331,284.72
   
0.02
   
6.321
   
351
   
99.34
   
606
 
4
   
1
   
227,608.64
   
0.01
   
7.500
   
347
   
78.57
   
648
 
Total
   
4,209
 
$
1,552,022,771.45
   
100.00
%
 
7.224
%
 
369
   
75.27
%
 
715
 

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
   
4,160
 
$
1,530,528,838.26
   
98.62
%
 
7.220
%
 
369
   
75.19
%
 
715
 
1
   
22
   
9,475,748.59
   
0.61
   
7.620
   
359
   
83.94
   
704
 
2
   
12
   
5,125,382.65
   
0.33
   
7.465
   
372
   
79.39
   
694
 
3
   
10
   
4,291,673.28
   
0.28
   
7.488
   
359
   
81.17
   
678
 
4
   
4
   
1,601,188.77
   
0.10
   
7.128
   
373
   
76.37
   
725
 
5
   
1
   
999,939.90
   
0.06
   
7.875
   
337
   
74.07
   
720
 
Total
   
4,209
 
$
1,552,022,771.45
   
100.00
%
 
7.224
%
 
369
   
75.27
%
 
715
 

 
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
   
4,130
 
$
1,515,668,012.13
   
97.66
%
 
7.218
%
 
369
   
75.15
%
 
715
 
1
   
20
   
7,281,169.13
   
0.47
   
7.492
   
371
   
82.50
   
695
 
2
   
21
   
10,991,252.85
   
0.71
   
7.544
   
375
   
78.84
   
703
 
3
   
16
   
8,835,954.05
   
0.57
   
7.338
   
364
   
80.42
   
699
 
4
   
13
   
4,925,423.78
   
0.32
   
7.513
   
374
   
81.55
   
698
 
5
   
8
   
3,904,063.82
   
0.25
   
7.647
   
348
   
78.51
   
679
 
6
   
1
   
416,895.69
   
0.03
   
7.500
   
469
   
80.00
   
714
 
Total
   
4,209
 
$
1,552,022,771.45
   
100.00
%
 
7.224
%
 
369
   
75.27
%
 
715
 

 

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
 
                               
0.01 - 50,000.00
   
10
 
$
358,833.35
   
0.06
%
 
7.211
%
 
316
   
73.45
%
 
663
 
50,000.01 - 100,000.00
   
82
   
6,815,308.20
   
1.19
   
7.149
   
351
   
69.97
   
706
 
100,000.01 - 150,000.00
   
256
   
32,834,139.91
   
5.75
   
7.091
   
353
   
74.46
   
709
 
150,000.01 - 200,000.00
   
367
   
64,429,431.81
   
11.28
   
7.145
   
358
   
75.37
   
709
 
200,000.01 - 250,000.00
   
396
   
88,846,670.34
   
15.55
   
7.210
   
364
   
76.19
   
714
 
250,000.01 - 300,000.00
   
329
   
90,572,457.44
   
15.85
   
7.247
   
368
   
77.53
   
714
 
300,000.01 - 350,000.00
   
264
   
85,394,557.93
   
14.95
   
7.242
   
368
   
77.05
   
722
 
350,000.01 - 400,000.00
   
285
   
106,499,574.88
   
18.64
   
7.220
   
367
   
76.82
   
716
 
400,000.01 - 450,000.00
   
164
   
68,406,335.57
   
11.97
   
7.273
   
368
   
76.36
   
717
 
450,000.01 - 500,000.00
   
18
   
8,506,501.95
   
1.49
   
7.185
   
375
   
75.15
   
717
 
500,000.01 - 550,000.00
   
12
   
6,328,830.49
   
1.11
   
7.386
   
368
   
78.40
   
694
 
550,000.01 - 600,000.00
   
9
   
5,261,021.82
   
0.92
   
7.340
   
350
   
64.80
   
745
 
600,000.01 - 650,000.00
   
7
   
4,333,254.46
   
0.76
   
7.793
   
364
   
71.96
   
730
 
650,000.01 - 700,000.00
   
2
   
1,341,098.24
   
0.23
   
8.438
   
347
   
72.40
   
746
 
700,000.01 - 750,000.00
   
1
   
706,002.26
   
0.12
   
8.000
   
349
   
69.95
   
787
 
750,000.01 - 800,000.00
   
1
   
750,576.62
   
0.13
   
7.750
   
339
   
75.00
   
700
 
Total
   
2,203
 
$
571,384,595.27
   
100.00
%
 
7.227
%
 
365
   
76.25
%
 
715
 
 
The average Stated Principal Balance of the Group 1 mortgage loans was approximately $259,367 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
 
                               
120
   
3
 
$
555,559.94
   
0.10
%
 
6.870
%
 
112
   
45.96
%
 
718
 
180
   
6
   
652,432.18
   
0.11
   
6.599
   
172
   
77.17
   
655
 
240
   
4
   
513,347.16
   
0.09
   
6.306
   
232
   
70.16
   
645
 
300
   
1
   
136,798.92
   
0.02
   
6.500
   
291
   
64.27
   
609
 
360
   
1,896
   
485,998,328.17
   
85.06
   
7.168
   
348
   
76.64
   
716
 
480
   
293
   
83,528,128.90
   
14.62
   
7.582
   
468
   
74.29
   
715
 
Total
   
2,203
 
$
571,384,595.27
   
100.00
%
 
7.227
%
 
365
   
76.25
%
 
715
 
 
The weighted average original term to stated maturity of the Group 1 mortgage loans was approximately 377 months as of April 1, 2008.

S-20


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
 
                               
61 - 120
   
3
 
$
555,559.94
   
0.10
%
 
6.870
%
 
112
   
45.96
%
 
718
 
121 - 180
   
6
   
652,432.18
   
0.11
   
6.599
   
172
   
77.17
   
655
 
181 - 240
   
4
   
513,347.16
   
0.09
   
6.306
   
232
   
70.16
   
645
 
241 - 300
   
1
   
136,798.92
   
0.02
   
6.500
   
291
   
64.27
   
609
 
301 - 360
   
1,896
   
485,998,328.17
   
85.06
   
7.168
   
348
   
76.64
   
716
 
361 and above
   
293
   
83,528,128.90
   
14.62
   
7.582
   
468
   
74.29
   
715
 
Total
   
2,203
 
$
571,384,595.27
   
100.00
%
 
7.227
%
 
365
   
76.25
%
 
715
 
 
The weighted average remaining term to stated maturity of the Group 1 mortgage loans was approximately 365 months as of April 1, 2008.

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
   
279
 
$
67,420,203.54
   
11.80
%
 
7.263
%
 
363
   
77.63
%
 
721
 
Cooperative
   
10
   
2,298,855.49
   
0.40
   
6.330
   
346
   
79.10
   
712
 
Manufactured Housing
   
4
   
729,121.05
   
0.13
   
6.929
   
352
   
88.64
   
644
 
Planned Unit Development
   
385
   
102,280,210.89
   
17.90
   
7.204
   
361
   
78.93
   
720
 
Single Family
   
1,408
   
358,615,669.55
   
62.76
   
7.212
   
366
   
75.62
   
713
 
Townhouse
   
8
   
1,560,636.28
   
0.27
   
7.210
   
376
   
69.96
   
713
 
Two-to Four-Family
   
109
   
38,479,898.47
   
6.73
   
7.420
   
364
   
72.48
   
717
 
Total
   
2,203
 
$
571,384,595.27
   
100.00
%
 
7.227
%
 
365
   
76.25
%
 
715
 
 
 
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
   
409
 
$
92,251,785.62
   
16.15
%
 
7.366
%
 
362
   
72.62
%
 
727
 
Primary
   
1,690
   
450,022,542.48
   
78.76
   
7.199
   
366
   
76.94
   
712
 
Second Home
   
104
   
29,110,267.17
   
5.09
   
7.217
   
360
   
77.13
   
734
 
Total
   
2,203
 
$
571,384,595.27
   
100.00
%
 
7.227
%
 
365
   
76.25
%
 
715
 
 
___________
*
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-21


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
 
                               
10/1 YR LIBOR IO
   
4
 
$
1,123,549.22
   
0.20
%
 
6.389
%
 
351
   
73.00
%
 
763
 
2/28 6 MO LIBOR
   
1
   
110,797.82
   
0.02
   
8.750
   
348
   
90.00
   
726
 
2/28 6 MO LIBOR IO
   
1
   
299,900.00
   
0.05
   
7.875
   
348
   
100.00
   
687
 
3/1 YR LIBOR
   
1
   
379,122.10
   
0.07
   
6.750
   
350
   
85.00
   
806
 
3/1 YR LIBOR IO
   
4
   
819,391.39
   
0.14
   
6.826
   
351
   
78.23
   
695
 
3/27 6 MO LIBOR
   
2
   
461,947.44
   
0.08
   
7.653
   
350
   
73.69
   
688
 
3/27 6 MO LIBOR IO
   
14
   
3,615,071.30
   
0.63
   
7.400
   
350
   
86.09
   
723
 
5/1 YR LIBOR
   
15
   
3,565,654.45
   
0.62
   
6.563
   
350
   
75.83
   
731
 
5/1 YR LIBOR IO
   
125
   
32,742,488.82
   
5.73
   
6.720
   
349
   
74.41
   
708
 
5/25 6 MO LIBOR
   
18
   
3,710,938.78
   
0.65
   
7.857
   
350
   
89.94
   
702
 
5/25 6 MO LIBOR IO
   
105
   
30,896,078.54
   
5.41
   
7.623
   
349
   
92.70
   
728
 
6 MO LIBOR IO
   
1
   
399,999.11
   
0.07
   
7.950
   
452
   
70.18
   
726
 
7/1 YR LIBOR
   
3
   
843,396.33
   
0.15
   
7.204
   
360
   
93.40
   
696
 
7/1 YR LIBOR IO
   
6
   
1,707,449.85
   
0.30
   
6.228
   
351
   
74.25
   
731
 
7/23 6 MO LIBOR
   
9
   
1,846,090.86
   
0.32
   
7.280
   
346
   
76.18
   
688
 
7/23 6 MO LIBOR IO
   
10
   
2,128,823.44
   
0.37
   
7.226
   
346
   
81.84
   
700
 
Fixed Rate
   
142
   
26,722,798.08
   
4.68
   
6.626
   
339
   
77.51
   
682
 
Fixed Rate IO
   
8
   
1,873,480.55
   
0.33
   
6.892
   
352
   
83.59
   
699
 
Negam 10/1 MO MTA
   
2
   
409,762.58
   
0.07
   
7.552
   
351
   
69.49
   
659
 
Negam 10/6 MO LIBOR
   
3
   
796,420.46
   
0.14
   
7.585
   
350
   
77.88
   
728
 
Negam 5/1 MO LIBOR IO YRS 5-10
   
4
   
988,196.78
   
0.17
   
7.925
   
351
   
84.32
   
682
 
Negam 5/1 MO MTA
   
120
   
34,788,635.63
   
6.09
   
7.806
   
357
   
68.42
   
707
 
Negam 5/1 MO MTA IO YRS 5-10
   
34
   
8,987,513.52
   
1.57
   
7.665
   
363
   
77.66
   
722
 
Negam 5/1 YR LIBOR IO YRS 5-10
   
61
   
16,561,474.03
   
2.90
   
7.103
   
349
   
73.80
   
719
 
Negam 5/6 MO LIBOR IO YRS 5-10
   
783
   
198,845,965.55
   
34.80
   
6.898
   
354
   
74.50
   
730
 
Negam 7/1 MO LIBOR IO YRS 7-10
   
3
   
546,408.34
   
0.10
   
7.919
   
351
   
85.98
   
711
 
Negam 7/1 MO MTA IO YRS 7-10
   
4
   
1,206,865.98
   
0.21
   
7.667
   
351
   
84.51
   
733
 
Negam 7/6 MO LIBOR IO Yr 7-10
   
35
   
7,456,769.93
   
1.31
   
6.421
   
348
   
75.66
   
716
 
Negam Fixed 10 Yr NEGAM
   
6
   
1,332,750.52
   
0.23
   
7.015
   
352
   
57.37
   
708
 
Negam Fixed IO Yrs 5-10
   
6
   
2,099,065.12
   
0.37
   
8.097
   
350
   
84.83
   
714
 
Negam LIBOR
   
24
   
5,394,575.83
   
0.94
   
6.240
   
364
   
78.48
   
709
 
Negam LIBOR 40/30 Balloon
   
4
   
1,273,012.45
   
0.22
   
6.083
   
349
   
72.96
   
683
 
Negam LIBOR 5 Yr Fixed Pay
   
2
   
555,175.32
   
0.10
   
5.875
   
429
   
73.40
   
756
 
Negam MTA
   
549
   
153,539,944.34
   
26.87
   
7.669
   
392
   
76.73
   
705
 
Negam MTA 40/30 Balloon
   
6
   
2,064,185.09
   
0.36
   
7.739
   
348
   
76.79
   
699
 
Negam MTA 5 Yr Fixed Pay
   
82
   
19,435,871.41
   
3.40
   
7.558
   
401
   
74.23
   
712
 
Negam MTA 5 Yr FxPay 40/30 Balloon
   
6
   
1,855,024.31
   
0.32
   
7.600
   
350
   
70.65
   
680
 
Total
   
2,203
 
$
571,384,595.27
   
100.00
%
 
7.227
%
 
365
   
76.25
%
 
715
 


S-22


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
   
1,120
 
$
293,460,084.01
   
51.36
%
 
7.250
%
 
368
   
72.45
%
 
712
 
Purchase
   
513
   
130,984,606.57
   
22.92
   
7.262
   
358
   
84.46
   
726
 
Rate/Term Refinance
   
570
   
146,939,904.69
   
25.72
   
7.148
   
365
   
76.55
   
712
 
Total
   
2,203
 
$
571,384,595.27
   
100.00
%
 
7.227
%
 
365
   
76.25
%
 
715
 


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
 
                               
Alternative Documentation
   
49
 
$
13,213,769.32
   
2.31
%
 
6.893
%
 
350
   
73.91
%
 
716
 
Express Documentation
   
27
   
6,947,570.17
   
1.22
   
7.639
   
405
   
67.55
   
722
 
Full Documentation
   
597
   
128,055,383.14
   
22.41
   
6.893
   
351
   
77.40
   
712
 
Lite Documentation
   
227
   
65,942,978.40
   
11.54
   
7.655
   
379
   
71.76
   
696
 
No Income/No Asset
   
10
   
2,932,992.71
   
0.51
   
7.432
   
366
   
75.13
   
705
 
No Income/Verified Asset*
   
56
   
15,866,737.04
   
2.78
   
7.262
   
352
   
77.76
   
726
 
No Documentation
   
40
   
10,789,751.48
   
1.89
   
7.553
   
350
   
85.14
   
732
 
Reduced Documentation
   
50
   
11,563,062.05
   
2.02
   
7.136
   
363
   
75.67
   
728
 
Stated Income/Stated Asset
   
136
   
35,212,430.61
   
6.16
   
7.487
   
379
   
77.75
   
712
 
Stated Income/Verified Asset
   
1,011
   
280,859,920.35
   
49.15
   
7.238
   
367
   
76.54
   
720
 
Total
   
2,203
 
$
571,384,595.27
   
100.00
%
 
7.227
%
 
365
   
76.25
%
 
715
 
 
*Includes the “No Ratio” Documentation Type.

S-23


 
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
   
103
 
$
25,114,691.97
   
4.40
%
 
7.016
%
 
360
   
71.18
%
 
734
 
20.01 - 25.00
   
156
   
37,894,527.97
   
6.63
   
7.155
   
361
   
73.07
   
720
 
25.01 - 30.00
   
259
   
68,465,458.90
   
11.98
   
7.109
   
360
   
74.55
   
720
 
30.01 - 35.00
   
391
   
101,127,742.66
   
17.70
   
7.250
   
362
   
76.10
   
716
 
35.01 - 40.00
   
583
   
156,233,968.35
   
27.34
   
7.362
   
373
   
76.52
   
709
 
40.01 - 45.00
   
474
   
122,280,325.00
   
21.40
   
7.159
   
365
   
77.53
   
714
 
45.01 - 50.00
   
88
   
21,860,545.41
   
3.83
   
7.128
   
364
   
76.40
   
713
 
50.01 - 55.00
   
26
   
5,246,954.21
   
0.92
   
7.180
   
373
   
79.67
   
710
 
55.01 - 60.00
   
10
   
1,968,099.85
   
0.34
   
6.893
   
352
   
79.76
   
659
 
60.01 and above
   
11
   
2,544,539.97
   
0.45
   
6.869
   
342
   
85.15
   
709
 
None
   
102
   
28,647,740.98
   
5.01
   
7.396
   
353
   
80.86
   
727
 
Total
   
2,203
 
$
571,384,595.27
   
100.00
%
 
7.227
%
 
365
   
76.25
%
 
715
 
 
The non-zero weighted average debt-to-income ratio of the Group 1 mortgage loans was approximately 35.35% as of April 1, 2008.
 
 
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
   
119
 
$
23,880,113.80
   
4.18
%
 
7.010
%
 
360
   
38.83
%
 
737
 
50.00 - 54.99
   
49
   
12,170,373.52
   
2.13
   
7.095
   
361
   
52.53
   
726
 
55.00 - 59.99
   
71
   
18,618,724.61
   
3.26
   
7.025
   
376
   
57.57
   
716
 
60.00 - 64.99
   
89
   
23,717,902.05
   
4.15
   
7.003
   
362
   
62.65
   
716
 
65.00 - 69.99
   
136
   
37,126,533.46
   
6.50
   
7.174
   
374
   
67.51
   
719
 
70.00 - 74.99
   
211
   
54,662,730.38
   
9.57
   
7.149
   
363
   
72.10
   
712
 
75.00 - 79.99
   
383
   
100,486,759.02
   
17.59
   
7.162
   
361
   
77.27
   
713
 
80.00
   
736
   
204,135,588.95
   
35.73
   
7.312
   
370
   
80.00
   
717
 
80.01 - 84.99
   
25
   
5,694,327.54
   
1.00
   
7.098
   
347
   
83.87
   
704
 
85.00 - 89.99
   
101
   
22,948,908.92
   
4.02
   
7.076
   
352
   
87.84
   
703
 
90.00 - 94.99
   
138
   
31,855,584.62
   
5.58
   
7.483
   
360
   
90.54
   
702
 
95.00 - 99.99
   
90
   
20,317,015.77
   
3.56
   
7.290
   
357
   
95.92
   
705
 
100.00
   
55
   
15,770,032.63
   
2.76
   
7.604
   
349
   
100.00
   
729
 
Total
   
2,203
 
$
571,384,595.27
   
100.00
%
 
7.227
%
 
365
   
76.25
%
 
715
 
 
The weighted average original combined loan-to-value ratio of the Group 1 mortgage loans was approximately 76.25% as of April 1, 2008.
 



S-24


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
 
                               
Alabama
   
9
 
$
1,795,242.74
   
0.31
%
 
7.093
%
 
347
   
85.36
%
 
727
 
Alaska
   
7
   
2,153,478.56
   
0.38
   
7.038
   
358
   
78.28
   
711
 
Arizona
   
147
   
34,401,629.86
   
6.02
   
7.288
   
367
   
77.36
   
724
 
California
   
691
   
216,950,189.38
   
37.97
   
7.360
   
374
   
72.93
   
715
 
Colorado
   
50
   
10,845,004.86
   
1.90
   
7.102
   
355
   
79.44
   
746
 
Connecticut
   
22
   
5,284,943.95
   
0.92
   
6.949
   
368
   
78.32
   
702
 
Delaware
   
5
   
1,032,562.82
   
0.18
   
7.568
   
349
   
90.50
   
710
 
District of Columbia
   
3
   
929,258.93
   
0.16
   
7.589
   
347
   
69.58
   
679
 
Florida
   
343
   
80,057,383.59
   
14.01
   
7.263
   
361
   
77.41
   
710
 
Georgia
   
31
   
6,036,743.74
   
1.06
   
7.174
   
348
   
84.27
   
691
 
Hawaii
   
32
   
14,773,862.95
   
2.59
   
7.306
   
371
   
72.81
   
730
 
Idaho
   
9
   
1,969,520.15
   
0.34
   
7.011
   
347
   
77.82
   
707
 
Illinois
   
57
   
13,579,510.51
   
2.38
   
7.182
   
353
   
80.64
   
702
 
Indiana
   
19
   
3,181,911.52
   
0.56
   
6.841
   
351
   
82.50
   
707
 
Iowa
   
4
   
729,911.71
   
0.13
   
6.855
   
347
   
84.57
   
698
 
Kansas
   
4
   
573,863.90
   
0.10
   
6.842
   
352
   
90.32
   
686
 
Kentucky
   
7
   
715,121.52
   
0.13
   
7.025
   
350
   
81.84
   
682
 
Louisiana
   
8
   
1,428,823.72
   
0.25
   
6.771
   
340
   
90.19
   
690
 
Maine
   
9
   
1,663,783.98
   
0.29
   
6.416
   
346
   
77.03
   
720
 
Maryland
   
52
   
13,265,502.47
   
2.32
   
7.144
   
351
   
81.58
   
718
 
Massachusetts
   
12
   
3,020,314.66
   
0.53
   
6.973
   
367
   
82.26
   
714
 
Michigan
   
44
   
8,109,021.89
   
1.42
   
6.924
   
355
   
78.86
   
727
 
Minnesota
   
19
   
4,550,414.61
   
0.80
   
6.903
   
359
   
80.23
   
716
 
Mississippi
   
3
   
525,936.80
   
0.09
   
6.411
   
350
   
61.03
   
738
 
Missouri
   
20
   
3,316,391.48
   
0.58
   
7.038
   
355
   
77.92
   
737
 
Montana
   
3
   
604,479.42
   
0.11
   
7.314
   
307
   
86.02
   
717
 
Nebraska
   
3
   
326,890.26
   
0.06
   
7.358
   
412
   
83.15
   
729
 
Nevada
   
57
   
14,310,191.26
   
2.50
   
7.449
   
375
   
80.01
   
715
 
New Hampshire
   
3
   
645,972.89
   
0.11
   
6.756
   
339
   
72.19
   
689
 
New Jersey
   
45
   
11,989,599.64
   
2.10
   
6.855
   
348
   
77.86
   
708
 
New Mexico
   
15
   
2,901,051.66
   
0.51
   
7.002
   
359
   
79.06
   
724
 
New York
   
37
   
10,766,556.13
   
1.88
   
7.025
   
344
   
71.38
   
716
 
North Carolina
   
31
   
5,758,846.11
   
1.01
   
7.066
   
349
   
81.74
   
696
 
Ohio
   
12
   
1,598,184.22
   
0.28
   
7.049
   
358
   
84.16
   
694
 
Oklahoma
   
3
   
426,073.42
   
0.07
   
6.362
   
365
   
82.07
   
698
 
Oregon
   
57
   
14,331,288.93
   
2.51
   
7.137
   
368
   
78.33
   
721
 
Pennsylvania
   
33
   
6,023,447.08
   
1.05
   
6.780
   
340
   
74.02
   
724
 
Rhode Island
   
4
   
994,994.33
   
0.17
   
6.847
   
348
   
88.02
   
674
 
South Carolina
   
15
   
2,368,442.02
   
0.41
   
7.049
   
349
   
80.25
   
705
 
South Dakota
   
1
   
103,846.22
   
0.02
   
7.750
   
470
   
90.00
   
698
 
Tennessee
   
8
   
1,601,620.32
   
0.28
   
6.828
   
356
   
83.59
   
742
 
Texas
   
27
   
4,796,287.46
   
0.84
   
7.062
   
360
   
81.63
   
715
 
Utah
   
32
   
7,202,116.68
   
1.26
   
7.243
   
358
   
85.29
   
720
 
Virginia
   
51
   
12,510,371.49
   
2.19
   
7.102
   
358
   
77.15
   
707
 
Washington
   
144
   
38,151,246.47
   
6.68
   
7.078
   
361
   
76.93
   
720
 
West Virginia
   
5
   
1,153,406.17
   
0.20
   
6.889
   
348
   
84.17
   
729
 
Wisconsin
   
10
   
1,929,352.79
   
0.34
   
6.855
   
347
   
77.26
   
690
 
Total
   
2,203
 
$
571,384,595.27
   
100.00
%
 
7.227
%
 
365
   
76.25
%
 
715
 
 
As of April 1, 2008, the greatest five-digit ZIP Code geographic concentration of Group 1 mortgage loans by Stated Principal Balance was approximately 0.50% in the 92114 ZIP Code.

 

S-25


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
 
                               
5.000 - 5.499
   
2
 
$
392,954.79
   
0.07
%
 
5.344
%
 
305
   
69.06
%
 
724
 
5.500 - 5.999
   
48
   
11,517,379.33
   
2.02
   
5.798
   
350
   
71.34
   
730
 
6.000 - 6.499
   
189
   
46,864,045.37
   
8.20
   
6.259
   
353
   
73.44
   
726
 
6.500 - 6.999
   
554
   
140,444,254.30
   
24.58
   
6.732
   
349
   
74.70
   
720
 
7.000 - 7.499
   
596
   
151,469,310.73
   
26.51
   
7.190
   
362
   
76.00
   
719
 
7.500 - 7.999
   
592
   
156,736,596.23
   
27.43
   
7.696
   
383
   
77.82
   
708
 
8.000 - 8.499
   
182
   
52,978,472.02
   
9.27
   
8.120
   
379
   
78.00
   
702
 
8.500 - 8.999
   
34
   
9,249,533.86
   
1.62
   
8.671
   
349
   
85.58
   
713
 
9.000 - 9.499
   
6
   
1,732,048.64
   
0.30
   
9.163
   
349
   
89.95
   
691
 
Total
   
2,203
 
$
571,384,595.27
   
100.00
%
 
7.227
%
 
365
   
76.25
%
 
715
 
 
The weighted average loan rate of the Group 1 mortgage loans as of April 1, 2008 was approximately 7.227%.
 
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
 
                               
9.500 - 9.999
   
523
 
$
141,752,190.36
   
26.28
%
 
7.600
%
 
387
   
77.44
%
 
709
 
10.000 - 10.499
   
2
   
630,867.58
   
0.12
   
7.321
   
342
   
76.65
   
686
 
10.500 - 10.999
   
163
   
45,190,490.26
   
8.38
   
7.307
   
398
   
74.66
   
698
 
11.000 - 11.499
   
127
   
30,989,418.56
   
5.75
   
6.483
   
359
   
72.42
   
730
 
11.500 - 11.999
   
401
   
104,013,484.75
   
19.28
   
6.734
   
350
   
74.18
   
728
 
12.000 - 12.499
   
379
   
98,424,051.69
   
18.25
   
7.100
   
352
   
75.87
   
722
 
12.500 - 12.999
   
295
   
77,970,588.91
   
14.46
   
7.435
   
361
   
77.32
   
720
 
13.000 - 13.499
   
98
   
27,711,114.58
   
5.14
   
7.792
   
350
   
77.36
   
712
 
13.500 - 13.999
   
45
   
10,968,720.20
   
2.03
   
8.173
   
349
   
85.38
   
706
 
14.000 - 14.499
   
5
   
1,354,364.48
   
0.25
   
9.173
   
349
   
89.94
   
695
 
14.500 - 14.999
   
2
   
216,347.82
   
0.04
   
8.628
   
348
   
89.99
   
734
 
15.500 - 15.999
   
1
   
134,861.81
   
0.03
   
7.875
   
343
   
80.00
   
685
 
Total
   
2,041
 
$
539,356,501.00
   
100.00
%
 
7.255
%
 
366
   
76.18
%
 
717
 
 
The weighted average maximum loan rate of the Group 1 adjustable rate mortgage loans was approximately 11.512% as of April 1, 2008.
 
S-26

 
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
   
722
 
$
177,022,070.42
   
32.82
%
 
6.814
%
 
349
   
75.02
%
 
727
 
2.500 - 2.999
   
409
   
112,934,760.77
   
20.94
   
7.137
   
369
   
75.41
   
725
 
3.000 - 3.499
   
521
   
143,744,132.45
   
26.65
   
7.606
   
381
   
75.47
   
707
 
3.500 - 3.999
   
222
   
60,822,557.05
   
11.28
   
7.877
   
386
   
81.26
   
701
 
4.000 - 4.499
   
90
   
26,227,819.56
   
4.86
   
7.452
   
349
   
79.23
   
718
 
4.500 - 4.999
   
49
   
12,386,208.89
   
2.30
   
6.981
   
349
   
74.31
   
711
 
5.000 - 5.499
   
23
   
4,910,930.91
   
0.91
   
7.370
   
349
   
80.44
   
692
 
5.500 - 5.999
   
5
   
1,308,020.95
   
0.24
   
7.750
   
349
   
82.50
   
684
 
Total
   
2,041
 
$
539,356,501.00
   
100.00
%
 
7.255
%
 
366
   
76.18
%
 
717
 
 
The weighted average minimum loan rate of the Group 1 adjustable rate mortgage loans was approximately 2.961% as of April 1, 2008.
 
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
   
848
 
$
209,608,654.90
   
38.86
%
 
6.803
%
 
349
   
74.85
%
 
724
 
2.500 - 2.999
   
392
   
108,711,472.35
   
20.16
   
7.098
   
370
   
74.90
   
726
 
3.000 - 3.499
   
529
   
145,864,322.46
   
27.04
   
7.611
   
381
   
75.63
   
708
 
3.500 - 3.999
   
221
   
60,341,331.89
   
11.19
   
7.975
   
386
   
82.12
   
700
 
4.000 - 4.499
   
45
   
13,240,493.10
   
2.45
   
8.415
   
349
   
86.61
   
722
 
4.500 - 4.999
   
1
   
630,040.65
   
0.12
   
8.875
   
343
   
68.60
   
736
 
5.000 - 5.499
   
5
   
960,185.65
   
0.18
   
7.305
   
349
   
82.83
   
635
 
Total
   
2,041
 
$
539,356,501.00
   
100.00
%
 
7.255
%
 
366
   
76.18
%
 
717
 
 
The weighted average gross margin of the Group 1 adjustable rate mortgage loans was approximately 2.831% as of April 1, 2008.

S-27


 
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
 
                               
500 - 524
   
1
 
$
144,603.83
   
0.03
%
 
6.625
%
 
352
   
85.68
%
 
514
 
525 - 549
   
3
   
302,547.48
   
0.05
   
6.817
   
304
   
91.69
   
536
 
550 - 574
   
7
   
1,113,595.33
   
0.19
   
7.030
   
336
   
76.90
   
561
 
575 - 599
   
18
   
2,805,750.20
   
0.49
   
6.722
   
346
   
80.11
   
590
 
600 - 624
   
45
   
10,169,353.44
   
1.78
   
7.223
   
356
   
75.51
   
616
 
625 - 649
   
137
   
30,851,662.41
   
5.40
   
7.417
   
374
   
74.81
   
638
 
650 - 674
   
261
   
67,866,758.30
   
11.88
   
7.310
   
364
   
77.30
   
664
 
675 - 699
   
404
   
108,344,674.42
   
18.96
   
7.314
   
363
   
76.98
   
687
 
700 - 724
   
414
   
110,587,253.57
   
19.35
   
7.261
   
370
   
76.92
   
711
 
725 - 749
   
341
   
89,810,940.69
   
15.72
   
7.205
   
363
   
78.66
   
737
 
750 - 774
   
267
   
69,669,028.41
   
12.19
   
7.170
   
359
   
76.15
   
761
 
775 - 799
   
203
   
54,331,302.29
   
9.51
   
7.001
   
366
   
72.22
   
785
 
800 and above
   
92
   
22,677,414.34
   
3.97
   
6.979
   
369
   
68.65
   
807
 
None
   
10
   
2,709,710.56
   
0.47
   
7.573
   
374
   
74.26
   
N/A
 
Total
   
2,203
 
$
571,384,595.27
   
100.00
%
 
7.227
%
 
365
   
76.25
%
 
715
 
 
The weighted average credit score of the Group 1 mortgage loans with credit scores was approximately 715 as of April 1, 2008.
 

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
   
990
 
$
237,856,427.50
   
41.63
%
 
6.930
%
 
350
   
77.45
%
 
718
 
6
   
1
   
344,369.76
   
0.06
   
7.250
   
345
   
73.63
   
785
 
12
   
256
   
73,394,803.11
   
12.85
   
7.307
   
366
   
75.35
   
716
 
24
   
71
   
21,599,317.99
   
3.78
   
7.446
   
391
   
74.57
   
724
 
30
   
2
   
573,003.39
   
0.10
   
8.281
   
349
   
89.95
   
692
 
36
   
883
   
237,616,673.52
   
41.59
   
7.477
   
377
   
75.46
   
712
 
Total
   
2,203
 
$
571,384,595.27
   
100.00
%
 
7.227
%
 
365
   
76.25
%
 
715
 
 
 
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
 
                               
Not Applicable - Non Negam
   
469
 
$
113,246,978.08
   
19.82
%
 
7.027
%
 
347
   
81.63
%
 
709
 
110
   
70
   
21,137,457.78
   
3.70
   
7.650
   
357
   
78.30
   
714
 
115
   
1,497
   
390,142,231.14
   
68.28
   
7.196
   
371
   
75.20
   
718
 
120
   
167
   
46,857,928.27
   
8.20
   
7.773
   
356
   
71.13
   
709
 
Total
   
2,203
 
$
571,384,595.27
   
100.00
%
 
7.227
%
 
365
   
76.25
%
 
715
 


S-28


 
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
   
673
 
$
184,117,788.75
   
34.14
%
 
7.599
%
 
391
   
76.42
%
 
705
 
2
   
1
   
399,999.11
   
0.07
   
7.950
   
452
   
70.18
   
726
 
12
   
2
   
410,697.82
   
0.08
   
8.111
   
348
   
97.30
   
698
 
24
   
1
   
360,000.00
   
0.07
   
7.740
   
348
   
100.00
   
704
 
25
   
3
   
751,244.00
   
0.14
   
7.601
   
349
   
89.36
   
715
 
26
   
14
   
3,606,062.48
   
0.67
   
7.314
   
350
   
82.61
   
726
 
28
   
3
   
558,225.75
   
0.10
   
6.393
   
352
   
72.68
   
707
 
40
   
4
   
1,241,903.49
   
0.23
   
7.825
   
340
   
63.22
   
740
 
42
   
3
   
642,855.54
   
0.12
   
7.177
   
342
   
87.71
   
776
 
43
   
58
   
14,940,931.12
   
2.77
   
6.942
   
348
   
71.80
   
727
 
44
   
213
   
52,433,448.10
   
9.72
   
6.918
   
350
   
74.81
   
726
 
45
   
196
   
51,675,949.74
   
9.58
   
6.872
   
349
   
75.63
   
731
 
46
   
146
   
34,488,443.12
   
6.39
   
6.912
   
351
   
73.37
   
725
 
47
   
42
   
11,708,491.59
   
2.17
   
7.291
   
351
   
73.01
   
708
 
48
   
152
   
38,150,073.46
   
7.07
   
7.036
   
348
   
78.29
   
711
 
49
   
124
   
36,065,933.18
   
6.69
   
7.433
   
360
   
77.82
   
721
 
50
   
237
   
65,759,301.13
   
12.19
   
7.149
   
359
   
77.72
   
728
 
51
   
80
   
20,937,046.28
   
3.88
   
7.444
   
362
   
74.71
   
716
 
52
   
10
   
3,042,569.35
   
0.56
   
7.725
   
382
   
69.02
   
707
 
65
   
1
   
353,196.37
   
0.07
   
6.250
   
341
   
67.67
   
693
 
66
   
3
   
875,151.12
   
0.16
   
6.462
   
342
   
64.99
   
679
 
67
   
1
   
231,992.73
   
0.04
   
6.750
   
343
   
80.00
   
720
 
68
   
1
   
228,000.00
   
0.04
   
7.000
   
344
   
80.00
   
669
 
69
   
1
   
95,000.00
   
0.02
   
5.875
   
345
   
47.50
   
721
 
71
   
6
   
1,075,227.35
   
0.20
   
6.210
   
347
   
80.90
   
668
 
72
   
28
   
6,156,643.92
   
1.14
   
6.539
   
348
   
78.08
   
716
 
73
   
7
   
1,152,549.69
   
0.21
   
8.109
   
349
   
77.80
   
727
 
74
   
6
   
1,263,923.05
   
0.23
   
6.990
   
350
   
78.76
   
718
 
75
   
12
   
2,832,857.99
   
0.53
   
7.223
   
353
   
82.69
   
737
 
76
   
4
   
1,471,262.51
   
0.27
   
6.680
   
352
   
81.77
   
694
 
109
   
1
   
219,673.04
   
0.04
   
8.250
   
349
   
80.00
   
721
 
110
   
3
   
747,191.59
   
0.14
   
7.399
   
350
   
74.30
   
705
 
111
   
3
   
900,318.40
   
0.17
   
6.582
   
351
   
71.44
   
767
 
112
   
2
   
462,549.23
   
0.09
   
6.588
   
352
   
75.92
   
715
 
Total
   
2,041
 
$
539,356,501.00
   
100.00
%
 
7.255
%
 
366
   
76.18
%
 
717
 
 
The weighted average months to next rate adjustment of the Group 1 adjustable rate mortgage loans was approximately 32 months as of April 1, 2008.

S-29


 
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
   
139
 
$
34,956,655.38
   
6.48
%
 
7.529
%
 
392
   
76.15
%
 
712
 
2
   
144
   
38,194,339.82
   
7.08
   
7.452
   
397
   
76.58
   
708
 
3
   
47
   
13,029,970.87
   
2.42
   
7.575
   
386
   
76.24
   
706
 
4
   
17
   
5,423,184.52
   
1.01
   
7.803
   
400
   
78.31
   
706
 
5
   
4
   
1,079,313.26
   
0.20
   
7.733
   
373
   
78.61
   
685
 
6
   
6
   
2,128,870.35
   
0.39
   
7.896
   
342
   
81.74
   
704
 
7
   
14
   
5,377,650.94
   
1.00
   
8.015
   
351
   
79.65
   
715
 
8
   
5
   
1,572,251.19
   
0.29
   
8.042
   
376
   
76.84
   
683
 
9
   
21
   
6,515,783.06
   
1.21
   
8.014
   
364
   
79.23
   
697
 
10
   
36
   
10,615,432.11
   
1.97
   
7.747
   
374
   
77.36
   
698
 
11
   
68
   
20,560,495.53
   
3.81
   
7.652
   
396
   
74.42
   
691
 
12
   
103
   
29,231,909.34
   
5.42
   
7.680
   
391
   
77.09
   
711
 
24
   
1
   
360,000.00
   
0.07
   
7.740
   
348
   
100.00
   
704
 
25
   
3
   
751,244.00
   
0.14
   
7.601
   
349
   
89.36
   
715
 
26
   
14
   
3,606,062.48
   
0.67
   
7.314
   
350
   
82.61
   
726
 
28
   
3
   
558,225.75
   
0.10
   
6.393
   
352
   
72.68
   
707
 
40
   
3
   
1,009,545.53
   
0.19
   
7.843
   
340
   
59.36
   
753
 
41
   
1
   
89,910.00
   
0.02
   
7.500
   
342
   
89.02
   
691
 
42
   
2
   
552,945.54
   
0.10
   
7.125
   
342
   
87.49
   
789
 
43
   
58
   
14,940,931.12
   
2.77
   
6.942
   
348
   
71.80
   
727
 
44
   
214
   
52,570,696.93
   
9.75
   
6.920
   
350
   
74.82
   
726
 
45
   
196
   
51,675,949.74
   
9.58
   
6.872
   
349
   
75.63
   
731
 
46
   
144
   
34,090,723.13
   
6.32
   
6.908
   
351
   
73.37
   
725
 
47
   
36
   
9,702,849.86
   
1.80
   
7.172
   
352
   
73.70
   
702
 
48
   
154
   
38,366,037.74
   
7.11
   
7.032
   
351
   
78.09
   
710
 
49
   
150
   
42,202,614.93
   
7.82
   
7.405
   
372
   
77.29
   
720
 
50
   
285
   
77,165,474.45
   
14.31
   
7.204
   
362
   
77.21
   
725
 
51
   
84
   
21,919,327.09
   
4.06
   
7.448
   
362
   
74.54
   
717
 
52
   
10
   
3,042,569.35
   
0.56
   
7.725
   
382
   
69.02
   
707
 
65
   
1
   
353,196.37
   
0.07
   
6.250
   
341
   
67.67
   
693
 
66
   
3
   
875,151.12
   
0.16
   
6.462
   
342
   
64.99
   
679
 
67
   
1
   
231,992.73
   
0.04
   
6.750
   
343
   
80.00
   
720
 
68
   
1
   
228,000.00
   
0.04
   
7.000
   
344
   
80.00
   
669
 
69
   
1
   
95,000.00
   
0.02
   
5.875
   
345
   
47.50
   
721
 
71
   
6
   
1,075,227.35
   
0.20
   
6.210
   
347
   
80.90
   
668
 
72
   
28
   
6,156,643.92
   
1.14
   
6.539
   
348
   
78.08
   
716
 
73
   
7
   
1,152,549.69
   
0.21
   
8.109
   
349
   
77.80
   
727
 
74
   
6
   
1,263,923.05
   
0.23
   
6.990
   
350
   
78.76
   
718
 
75
   
12
   
2,832,857.99
   
0.53
   
7.223
   
353
   
82.69
   
737
 
76
   
4
   
1,471,262.51
   
0.27
   
6.680
   
352
   
81.77
   
694
 
109
   
1
   
219,673.04
   
0.04
   
8.250
   
349
   
80.00
   
721
 
110
   
3
   
747,191.59
   
0.14
   
7.399
   
350
   
74.30
   
705
 
111
   
3
   
900,318.40
   
0.17
   
6.582
   
351
   
71.44
   
767
 
112
   
2
   
462,549.23
   
0.09
   
6.588
   
352
   
75.92
   
715
 
Total
   
2,041
 
$
539,356,501.00
   
100.00
%
 
7.255
%
 
366
   
76.18
%
 
717
 
 
The weighted average months to next payment adjustment of the Group 1 adjustable rate mortgage loans was approximately 35 months as of April 1, 2008.
 
S-30

 
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
   
26
 
$
7,974,214.01
   
1.40
%
 
7.756
%
 
354
   
81.15
%
 
697
 
60 - 89 Days
   
18
   
5,699,325.18
   
1.00
   
7.472
   
379
   
80.64
   
696
 
90+ Days
   
18
   
4,532,545.24
   
0.79
   
7.767
   
357
   
87.52
   
706
 
Current
   
2,114
   
544,928,213.37
   
95.37
   
7.205
   
365
   
75.94
   
716
 
Foreclosure
   
27
   
8,250,297.47
   
1.44
   
7.663
   
378
   
82.87
   
704
 
Total
   
2,203
 
$
571,384,595.27
   
100.00
%
 
7.227
%
 
365
   
76.25
%
 
715
 
 
 
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
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
   
2,105
 
$
542,771,679.48
   
94.99
%
 
7.205
%
 
365
   
75.91
%
 
716
 
1
   
84
   
24,768,574.73
   
4.33
   
7.649
   
367
   
82.56
   
701
 
2
   
11
   
2,856,880.31
   
0.50
   
7.604
   
349
   
85.35
   
676
 
3
   
2
   
740,370.41
   
0.13
   
7.805
   
349
   
79.03
   
724
 
4
   
1
   
247,090.34
   
0.04
   
7.375
   
350
   
80.00
   
642
 
Total
   
2,203
 
$
571,384,595.27
   
100.00
%
 
7.227
%
 
365
   
76.25
%
 
715
 
 
 
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
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
   
2,138
 
$
552,462,858.60
   
96.69
%
 
7.213
%
 
364
   
76.03
%
 
716
 
1
   
60
   
17,785,186.27
   
3.11
   
7.656
   
374
   
82.70
   
705
 
2
   
3
   
719,746.41
   
0.13
   
7.287
   
349
   
83.58
   
705
 
3
   
1
   
189,195.35
   
0.03
   
7.500
   
351
   
100.00
   
597
 
4
   
1
   
227,608.64
   
0.04
   
7.500
   
347
   
78.57
   
648
 
Total
   
2,203
 
$
571,384,595.27
   
100.00
%
 
7.227
%
 
365
   
76.25
%
 
715
 
 
S-31

 
90+ Day Delinquencies of the Group 1 Mortgage Loans
 
Number of 90+ Day
Delinquencies 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
   
2,178
 
$
564,588,269.60
   
98.81
%
 
7.220
%
 
365
   
76.14
%
 
716
 
1
   
14
   
4,093,555.29
   
0.72
   
7.953
   
346
   
87.82
   
709
 
2
   
6
   
1,382,300.59
   
0.24
   
7.602
   
378
   
90.58
   
693
 
3
   
3
   
731,354.67
   
0.13
   
7.261
   
347
   
77.65
   
684
 
4
   
2
   
589,115.12
   
0.10
   
7.685
   
418
   
70.12
   
711
 
Total
   
2,203
 
$
571,384,595.27
   
100.00
%
 
7.227
%
 
365
   
76.25
%
 
715
 

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
   
2,175
 
$
562,911,859.77
   
98.52
%
 
7.220
%
 
365
   
76.16
%
 
716
 
1
   
9
   
2,516,807.67
   
0.44
   
7.602
   
366
   
84.59
   
709
 
2
   
6
   
1,961,284.33
   
0.34
   
7.556
   
407
   
78.18
   
726
 
3
   
4
   
1,325,047.10
   
0.23
   
8.184
   
346
   
83.25
   
691
 
4
   
5
   
1,590,304.52
   
0.28
   
7.662
   
371
   
88.64
   
686
 
5
   
3
   
662,396.19
   
0.12
   
7.138
   
347
   
76.17
   
691
 
6
   
1
   
416,895.69
   
0.07
   
7.500
   
469
   
80.00
   
714
 
Total
   
2,203
 
$
571,384,595.27
   
100.00
%
 
7.227
%
 
365
   
76.25
%
 
715
 


S-32


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-33



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
 
                               
0.01 - 50,000.00
   
10
 
$
383,882.20
   
0.04
%
 
6.908
%
 
276
   
55.77
%
 
696
 
50,000.01 - 100,000.00
   
50
   
3,877,874.58
   
0.40
   
7.286
   
347
   
73.67
   
669
 
100,000.01 - 150,000.00
   
99
   
12,583,996.80
   
1.28
   
6.975
   
340
   
73.93
   
681
 
150,000.01 - 200,000.00
   
114
   
20,091,104.38
   
2.05
   
7.216
   
362
   
74.89
   
685
 
200,000.01 - 250,000.00
   
109
   
24,595,478.84
   
2.51
   
7.222
   
365
   
76.93
   
697
 
250,000.01 - 300,000.00
   
90
   
24,745,191.04
   
2.52
   
7.414
   
368
   
72.35
   
701
 
300,000.01 - 350,000.00
   
84
   
27,402,734.47
   
2.79
   
7.533
   
372
   
73.17
   
698
 
350,000.01 - 400,000.00
   
95
   
35,704,726.70
   
3.64
   
7.382
   
373
   
75.31
   
698
 
400,000.01 - 450,000.00
   
195
   
84,041,139.63
   
8.57
   
7.282
   
368
   
75.95
   
714
 
450,000.01 - 500,000.00
   
243
   
115,706,507.07
   
11.80
   
7.258
   
370
   
76.22
   
718
 
500,000.01 - 550,000.00
   
220
   
115,353,918.61
   
11.76
   
7.240
   
372
   
77.84
   
716
 
550,000.01 - 600,000.00
   
192
   
110,164,056.05
   
11.23
   
7.250
   
379
   
77.17
   
717
 
600,000.01 - 650,000.00
   
123
   
76,529,114.97
   
7.80
   
7.091
   
368
   
76.55
   
717
 
650,000.01 - 700,000.00
   
124
   
83,589,947.63
   
8.52
   
7.202
   
374
   
74.96
   
724
 
700,000.01 - 750,000.00
   
57
   
41,339,096.01
   
4.22
   
7.220
   
378
   
72.42
   
711
 
750,000.01 - 800,000.00
   
39
   
30,178,572.15
   
3.08
   
7.221
   
379
   
75.05
   
711
 
800,000.01 - 850,000.00
   
32
   
26,398,140.23
   
2.69
   
7.274
   
396
   
69.14
   
726
 
850,000.01 - 900,000.00
   
19
   
16,607,110.01
   
1.69
   
7.251
   
392
   
71.67
   
711
 
900,000.01 - 950,000.00
   
15
   
13,915,673.33
   
1.42
   
7.202
   
372
   
75.87
   
713
 
950,000.01 - 1,000,000.00
   
29
   
28,572,718.78
   
2.91
   
6.963
   
361
   
73.56
   
714
 
1,000,000.01 and above
   
67
   
88,857,192.70
   
9.06
   
7.083
   
367
   
66.36
   
731
 
Total
   
2,006
 
$
980,638,176.18
   
100.00
%
 
7.222
%
 
372
   
74.70
%
 
715
 
 
The average Stated Principal Balance of the Group 2 mortgage loans was approximately $488,853 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
 
                               
120
   
3
 
$
289,766.35
   
0.03
%
 
5.853
%
 
111
   
58.35
%
 
708
 
180
   
8
   
1,467,337.19
   
0.15
   
6.415
   
171
   
72.55
   
644
 
240
   
8
   
1,366,137.93
   
0.14
   
6.625
   
232
   
69.82
   
647
 
360
   
1,624
   
781,275,138.92
   
79.67
   
7.142
   
348
   
74.61
   
716
 
480
   
363
   
196,239,795.79
   
20.01
   
7.556
   
469
   
75.14
   
712
 
Total
   
2,006
 
$
980,638,176.18
   
100.00
%
 
7.222
%
 
372
   
74.70
%
 
715
 
 
The weighted average original term to stated maturity of the Group 2 mortgage loans was approximately 384 months as of April 1, 2008.

S-34


 
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
 
                               
61 - 120
   
3
 
$
289,766.35
   
0.03
%
 
5.853
%
 
111
   
58.35
%
 
708
 
121 - 180
   
8
   
1,467,337.19
   
0.15
   
6.415
   
171
   
72.55
   
644
 
181 - 240
   
8
   
1,366,137.93
   
0.14
   
6.625
   
232
   
69.82
   
647
 
301 - 360
   
1,624
   
781,275,138.92
   
79.67
   
7.142
   
348
   
74.61
   
716
 
361 and above
   
363
   
196,239,795.79
   
20.01
   
7.556
   
469
   
75.14
   
712
 
Total
   
2,006
 
$
980,638,176.18
   
100.00
%
 
7.222
%
 
372
   
74.70
%
 
715
 
 
The weighted average remaining term to stated maturity of the Group 2 mortgage loans was approximately 372 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
   
152
 
$
62,772,080.68
   
6.40
%
 
7.218
%
 
374
   
76.59
%
 
719
 
Cooperative
   
6
   
1,267,429.78
   
0.13
   
6.145
   
328
   
73.49
   
736
 
Manufactured Housing
   
6
   
590,541.16
   
0.06
   
7.252
   
351
   
94.54
   
636
 
Planned Unit Development
   
392
   
210,186,941.17
   
21.43
   
7.109
   
368
   
75.51
   
721
 
Single Family
   
1,382
   
671,397,499.79
   
68.47
   
7.247
   
372
   
74.38
   
713
 
Two-to Four-Family
   
68
   
34,423,683.60
   
3.51
   
7.472
   
379
   
72.36
   
704
 
Total
   
2,006
 
$
980,638,176.18
   
100.00
%
 
7.222
%
 
372
   
74.70
%
 
715
 
 
 
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
   
158
 
$
54,107,901.10
   
5.52
%
 
7.515
%
 
374
   
71.41
%
 
728
 
Primary
   
1,798
   
901,213,147.44
   
91.90
   
7.210
   
372
   
74.88
   
714
 
Second Home
   
50
   
25,317,127.64
   
2.58
   
7.019
   
357
   
75.45
   
731
 
Total
   
2,006
 
$
980,638,176.18
   
100.00
%
 
7.222
%
 
372
   
74.70
%
 
715
 
 
_______________
*
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-35

 
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 YR LIBOR
   
1
 
$
142,089.37
   
0.01
%
 
4.750
%
 
351
   
98.45
%
 
618
 
10/1 YR LIBOR
   
3
   
755,683.19
   
0.08
   
6.807
   
351
   
78.39
   
709
 
10/1 YR LIBOR IO
   
4
   
1,138,000.00
   
0.12
   
7.178
   
350
   
72.10
   
710
 
3/1 YR LIBOR
   
4
   
968,566.61
   
0.10
   
6.107
   
377
   
72.08
   
699
 
3/1 YR LIBOR IO
   
8
   
2,432,506.78
   
0.25
   
6.295
   
351
   
71.71
   
705
 
3/27 6 MO LIBOR
   
2
   
1,108,161.33
   
0.11
   
6.964
   
350
   
70.01
   
718
 
3/27 6 MO LIBOR IO
   
11
   
6,262,635.09
   
0.64
   
6.991
   
349
   
80.84
   
739
 
5/1 YR LIBOR
   
9
   
2,999,485.19
   
0.31
   
6.310
   
351
   
71.02
   
700
 
5/1 YR LIBOR IO
   
48
   
28,133,657.17
   
2.87
   
6.950
   
349
   
77.31
   
713
 
5/25 6 MO LIBOR
   
3
   
829,051.48
   
0.08
   
7.625
   
350
   
84.03
   
741
 
5/25 6 MO LIBOR IO
   
121
   
72,593,807.22
   
7.40
   
6.881
   
349
   
77.59
   
718
 
6 MO LIBOR IO
   
1
   
347,057.03
   
0.04
   
7.375
   
332
   
63.27
   
705
 
7/1 YR LIBOR
   
7
   
2,355,926.52
   
0.24
   
6.476
   
352
   
73.40
   
745
 
7/1 YR LIBOR IO
   
9
   
4,445,490.32
   
0.45
   
6.850
   
347
   
70.14
   
715
 
7/23 6 MO LIBOR
   
4
   
1,649,142.75
   
0.17
   
7.085
   
348
   
71.37
   
714
 
7/23 6 MO LIBOR IO
   
43
   
23,869,993.25
   
2.43
   
6.646
   
347
   
71.62
   
711
 
Fixed Rate
   
233
   
48,551,821.80
   
4.95
   
6.601
   
341
   
76.70
   
682
 
Fixed Rate IO
   
19
   
4,499,339.47
   
0.46
   
6.911
   
351
   
77.82
   
709
 
Negam 10/1 MO MTA
   
1
   
157,249.39
   
0.02
   
8.100
   
351
   
90.00
   
780
 
Negam 10/6 MO LIBOR
   
3
   
1,588,366.17
   
0.16
   
7.294
   
350
   
63.48
   
769
 
Negam 3/1 MO MTA IO YRS 3-10
   
2
   
273,641.22
   
0.03
   
8.218
   
351
   
88.54
   
772
 
Negam 5/1 MO LIBOR IO YRS 5-10
   
10
   
3,693,397.83
   
0.38
   
8.045
   
351
   
89.15
   
706
 
Negam 5/1 MO MTA
   
267
   
115,631,269.14
   
11.79
   
7.733
   
358
   
72.74
   
711
 
Negam 5/1 MO MTA IO YRS 5-10
   
54
   
20,783,512.17
   
2.12
   
7.749
   
360
   
82.76
   
706
 
Negam 5/1 YR LIBOR IO YRS 5-10
   
36
   
23,031,313.15
   
2.35
   
7.180
   
349
   
71.90
   
720
 
Negam 5/6 MO LIBOR IO YRS 5-10
   
397
   
236,561,194.52
   
24.12
   
6.873
   
359
   
72.95
   
733
 
Negam 7/1 MO LIBOR IO YRS 7-10
   
3
   
1,075,879.01
   
0.11
   
7.533
   
351
   
81.28
   
694
 
Negam 7/1 MO MTA IO YRS 7-10
   
14
   
7,538,177.59
   
0.77
   
7.552
   
351
   
69.95
   
766
 
Negam 7/6 MO LIBOR IO Yr 7-10
   
11
   
6,221,162.23
   
0.63
   
6.735
   
349
   
74.02
   
744
 
Negam Fixed 10 Yr NEGAM
   
7
   
4,709,970.81
   
0.48
   
6.853
   
351
   
63.72
   
757
 
Negam Fixed IO Yrs 5-10
   
14
   
7,426,021.63
   
0.76
   
7.665
   
351
   
79.95
   
701
 
Negam LIBOR
   
6
   
3,776,679.88
   
0.39
   
6.127
   
422
   
73.93
   
697
 
Negam LIBOR 40/30 Balloon
   
1
   
595,827.53
   
0.06
   
7.500
   
348
   
80.00
   
699
 
Negam MTA
   
627
   
332,117,535.99
   
33.87
   
7.519
   
403
   
75.39
   
706
 
Negam MTA 40/30 Balloon
   
5
   
2,980,504.78
   
0.30
   
7.456
   
347
   
72.74
   
685
 
Negam MTA 5 Yr Fixed Pay
   
17
   
8,963,427.15
   
0.91
   
7.590
   
417
   
76.12
   
704
 
Negam MTA 5 Yr FxPay 40/30 Balloon
   
1
   
430,631.42
   
0.04
   
6.625
   
351
   
67.00
   
764
 
Total
   
2,006
 
$
980,638,176.18
   
100.00
%
 
7.222
%
 
372
   
74.70
%
 
715
 

 
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
   
998
 
$
489,278,467.87
   
49.89
%
 
7.280
%
 
372
   
72.20
%
 
711
 
Purchase
   
469
   
205,923,883.38
   
21.00
   
7.067
   
368
   
80.24
   
719
 
Rate/Term Refinance
   
539
   
285,435,824.93
   
29.11
   
7.235
   
374
   
74.99
   
717
 
Total
   
2,006
 
$
980,638,176.18
   
100.00
%
 
7.222
%
 
372
   
74.70
%
 
715
 

S-36

 
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
 
                               
Alternative Documentation
   
31
 
$
13,893,837.24
   
1.42
%
 
6.847
%
 
365
   
72.75
%
 
717
 
Express Documentation
   
49
   
17,203,801.21
   
1.75
   
7.609
   
392
   
66.83
   
716
 
Full Documentation
   
512
   
174,901,255.50
   
17.84
   
6.928
   
350
   
76.14
   
712
 
Lite Documentation
   
662
   
320,809,693.35
   
32.71
   
7.535
   
389
   
74.38
   
704
 
No Income/No Asset
   
15
   
7,470,354.06
   
0.76
   
7.527
   
385
   
70.90
   
719
 
No Income/Verified Asset*
   
83
   
45,770,644.40
   
4.67
   
7.175
   
365
   
76.21
   
723
 
No Documentation
   
6
   
3,478,846.66
   
0.35
   
6.907
   
349
   
82.59
   
714
 
Reduced Documentation
   
31
   
18,342,903.00
   
1.87
   
7.019
   
348
   
79.44
   
716
 
Stated Income/Stated Asset
   
23
   
13,794,991.07
   
1.41
   
7.497
   
379
   
72.35
   
698
 
Stated Income/Verified Asset
   
594
   
364,971,849.69
   
37.22
   
7.087
   
368
   
74.40
   
725
 
Total
   
2,006
 
$
980,638,176.18
   
100.00
%
 
7.222
%
 
372
   
74.70
%
 
715
 
 
*Includes the “No Ratio” Documentation Type.
 
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
   
60
 
$
29,043,444.65
   
2.96
%
 
6.964
%
 
357
   
71.63
%
 
721
 
20.01 - 25.00
   
113
   
56,623,915.08
   
5.77
   
6.936
   
363
   
72.25
   
725
 
25.01 - 30.00
   
209
   
100,187,899.73
   
10.22
   
7.039
   
355
   
73.05
   
728
 
30.01 - 35.00
   
352
   
176,887,296.84
   
18.04
   
7.235
   
366
   
74.10
   
720
 
35.01 - 40.00
   
682
   
334,136,346.76
   
34.07
   
7.396
   
381
   
75.89
   
709
 
40.01 - 45.00
   
373
   
195,745,292.55
   
19.96
   
7.230
   
381
   
74.43
   
711
 
45.01 - 50.00
   
97
   
40,345,266.36
   
4.11
   
6.893
   
360
   
76.02
   
708
 
50.01 - 55.00
   
26
   
6,067,899.28
   
0.62
   
6.787
   
349
   
78.05
   
674
 
55.01 - 60.00
   
18
   
3,664,573.78
   
0.37
   
6.584
   
338
   
73.10
   
668
 
60.01 and above
   
14
   
2,552,347.60
   
0.26
   
6.908
   
348
   
78.87
   
697
 
None
   
62
   
35,383,893.55
   
3.61
   
7.203
   
352
   
76.87
   
725
 
Total
   
2,006
 
$
980,638,176.18
   
100.00
%
 
7.222
%
 
372
   
74.70
%
 
715
 
 
The non-zero weighted average debt-to-income ratio of the Group 2 mortgage loans was approximately 35.83% as of April 1, 2008.
 


S-37


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
   
89
 
$
31,740,944.41
   
3.24
%
 
6.809
%
 
368
   
41.69
%
 
730
 
50.00 - 54.99
   
37
   
16,345,762.91
   
1.67
   
7.043
   
364
   
52.61
   
711
 
55.00 - 59.99
   
63
   
36,044,174.88
   
3.68
   
7.029
   
356
   
57.68
   
727
 
60.00 - 64.99
   
102
   
57,812,441.59
   
5.90
   
7.115
   
372
   
62.45
   
725
 
65.00 - 69.99
   
134
   
74,918,356.39
   
7.64
   
7.179
   
371
   
67.66
   
715
 
70.00 - 74.99
   
217
   
115,026,259.18
   
11.73
   
7.182
   
373
   
72.24
   
717
 
75.00 - 79.99
   
408
   
215,513,988.98
   
21.98
   
7.251
   
370
   
77.12
   
713
 
80.00
   
728
   
363,523,835.01
   
37.07
   
7.274
   
377
   
80.00
   
715
 
80.01 - 84.99
   
19
   
5,785,896.95
   
0.59
   
7.293
   
349
   
83.05
   
705
 
85.00 - 89.99
   
49
   
18,800,256.60
   
1.92
   
7.405
   
369
   
88.16
   
700
 
90.00 - 94.99
   
96
   
32,279,116.96
   
3.29
   
7.493
   
362
   
90.57
   
711
 
95.00 - 99.99
   
60
   
12,190,339.99
   
1.24
   
7.211
   
356
   
96.27
   
656
 
100.00
   
4
   
656,802.33
   
0.07
   
6.701
   
351
   
100.00
   
680
 
Total
   
2,006
 
$
980,638,176.18
   
100.00
%
 
7.222
%
 
372
   
74.70
%
 
715
 
 
The weighted average original combined loan-to-value ratio of the Group 2 mortgage loans was approximately 74.70% as of April 1, 2008.


S-38


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
   
7
 
$
1,924,806.96
   
0.20
%
 
7.228
%
 
349
   
81.07
%
 
741
 
Alaska
   
1
   
193,285.46
   
0.02
   
6.875
   
352
   
74.00
   
618
 
Arizona
   
96
   
49,383,650.42
   
5.04
   
7.157
   
367
   
74.43
   
713
 
Arkansas
   
3
   
463,396.71
   
0.05
   
6.557
   
351
   
93.01
   
626
 
California
   
1,180
   
631,839,049.10
   
64.43
   
7.313
   
380
   
74.15
   
715
 
Colorado
   
20
   
8,141,791.73
   
0.83
   
7.082
   
348
   
77.74
   
705
 
Connecticut
   
11
   
4,619,810.28
   
0.47
   
6.815
   
364
   
69.57
   
707
 
District of Columbia
   
2
   
810,187.54
   
0.08
   
6.110
   
350
   
74.34
   
712
 
Florida
   
114
   
56,156,496.17
   
5.73
   
7.107
   
361
   
74.92
   
726
 
Georgia
   
11
   
3,798,034.56
   
0.39
   
6.654
   
350
   
82.27
   
719
 
Hawaii
   
12
   
10,433,554.24
   
1.06
   
6.851
   
358
   
68.21
   
731
 
Idaho
   
8
   
3,326,086.30
   
0.34
   
6.960
   
349
   
81.63
   
702
 
Illinois
   
51
   
17,755,015.97
   
1.81
   
6.933
   
356
   
76.89
   
697
 
Indiana
   
9
   
2,175,589.90
   
0.22
   
6.705
   
345
   
86.51
   
668
 
Iowa
   
2
   
194,250.63
   
0.02
   
6.203
   
351
   
78.57
   
724
 
Kansas
   
1
   
30,567.91
   
0.00
   
7.625
   
352
   
75.00
   
656
 
Kentucky
   
6
   
1,020,277.59
   
0.10
   
6.714
   
351
   
84.00
   
657
 
Louisiana
   
8
   
1,459,525.97
   
0.15
   
6.443
   
350
   
76.73
   
668
 
Maine
   
1
   
536,782.42
   
0.05
   
6.500
   
346
   
76.75
   
771
 
Maryland
   
34
   
15,865,672.77
   
1.62
   
6.897
   
348
   
76.82
   
717
 
Massachusetts
   
8
   
3,243,243.77
   
0.33
   
6.987
   
363
   
70.72
   
682
 
Michigan
   
14
   
7,945,004.93
   
0.81
   
7.371
   
354
   
66.77
   
753
 
Minnesota
   
5
   
1,691,768.93
   
0.17
   
7.641
   
351
   
79.23
   
672
 
Mississippi
   
4
   
939,198.26
   
0.10
   
6.760
   
347
   
80.17
   
710
 
Missouri
   
8
   
1,838,735.43
   
0.19
   
6.585
   
349
   
78.12
   
729
 
Nebraska
   
1
   
286,549.45
   
0.03
   
7.875
   
351
   
90.00
   
699
 
Nevada
   
44
   
17,919,492.09
   
1.83
   
7.449
   
381
   
76.15
   
701
 
New Hampshire
   
1
   
223,922.04
   
0.02
   
6.500
   
351
   
68.42
   
802
 
New Jersey
   
31
   
13,115,340.44
   
1.34
   
6.974
   
347
   
75.12
   
708
 
New Mexico
   
5
   
2,490,334.30
   
0.25
   
7.427
   
348
   
79.62
   
738
 
New York
   
42
   
19,282,065.07
   
1.97
   
7.186
   
349
   
76.06
   
697
 
North Carolina
   
23
   
7,557,367.11
   
0.77
   
6.816
   
346
   
76.54
   
711
 
Ohio
   
21
   
3,059,053.28
   
0.31
   
6.792
   
342
   
82.24
   
708
 
Oregon
   
35
   
16,205,717.47
   
1.65
   
6.988
   
354
   
75.37
   
713
 
Pennsylvania
   
16
   
3,628,133.96
   
0.37
   
6.810
   
330
   
77.52
   
679
 
South Carolina
   
12
   
5,195,637.81
   
0.53
   
7.161
   
348
   
78.81
   
694
 
South Dakota
   
1
   
347,070.00
   
0.04
   
6.125
   
351
   
80.00
   
704
 
Tennessee
   
6
   
2,480,079.21
   
0.25
   
6.479
   
342
   
66.67
   
749
 
Texas
   
27
   
5,785,375.44
   
0.59
   
6.667
   
345
   
79.19
   
692
 
Utah
   
9
   
5,015,249.28
   
0.51
   
7.187
   
350
   
80.89
   
723
 
Vermont
   
1
   
214,439.57
   
0.02
   
6.625
   
352
   
90.00
   
0
 
Virginia
   
40
   
15,442,723.24
   
1.57
   
7.128
   
350
   
74.42
   
707
 
Washington
   
72
   
35,176,373.68
   
3.59
   
7.063
   
363
   
77.16
   
726
 
West Virginia
   
1
   
153,987.50
   
0.02
   
7.500
   
351
   
80.00
   
764
 
Wisconsin
   
2
   
1,273,481.29
   
0.13
   
7.295
   
349
   
84.57
   
733
 
Total
   
2,006
 
$
980,638,176.18
   
100.00
%
 
7.222
%
 
372
   
74.70
%
 
715
 
 
As of April 1, 2008, the greatest five-digit ZIP Code geographic concentration of Group 2 mortgage loans by Stated Principal Balance was approximately 0.71% in the 91344 ZIP Code.



S-39


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
 
                               
4.500 - 4.999
   
1
 
$
142,089.37
   
0.01
%
 
4.750
%
 
351
   
98.45
%
 
618
 
5.000 - 5.499
   
2
   
890,604.00
   
0.09
   
5.375
   
350
   
72.56
   
678
 
5.500 - 5.999
   
36
   
15,940,334.92
   
1.63
   
5.816
   
351
   
68.96
   
735
 
6.000 - 6.499
   
163
   
75,284,372.21
   
7.68
   
6.253
   
350
   
71.38
   
724
 
6.500 - 6.999
   
471
   
236,811,773.69
   
24.15
   
6.729
   
351
   
73.34
   
724
 
7.000 - 7.499
   
555
   
291,990,547.88
   
29.78
   
7.212
   
375
   
74.50
   
717
 
7.500 - 7.999
   
545
   
263,231,712.77
   
26.84
   
7.688
   
392
   
76.61
   
708
 
8.000 - 8.499
   
199
   
85,637,906.86
   
8.73
   
8.151
   
378
   
76.15
   
697
 
8.500 - 8.999
   
30
   
10,069,022.68
   
1.03
   
8.576
   
375
   
82.82
   
686
 
9.000 - 9.499
   
4
   
639,811.80
   
0.07
   
9.132
   
351
   
92.14
   
655
 
Total
   
2,006
 
$
980,638,176.18
   
100.00
%
 
7.222
%
 
372
   
74.70
%
 
715
 
 
The weighted average loan rate of the Group 2 mortgage loans as of April 1, 2008 was approximately 7.222%.
 
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
 
                               
9.500 - 9.999
   
189
 
$
116,087,908.91
   
12.68
%
 
7.546
%
 
394
   
76.60
%
 
710
 
10.000 - 10.499
   
1
   
607,604.00
   
0.07
   
5.375
   
349
   
80.00
   
705
 
10.500 - 10.999
   
473
   
241,399,191.67
   
26.37
   
7.386
   
404
   
74.75
   
705
 
11.000 - 11.499
   
104
   
52,954,370.07
   
5.78
   
6.449
   
360
   
69.71
   
728
 
11.500 - 11.999
   
300
   
179,904,424.52
   
19.65
   
6.722
   
352
   
73.19
   
730
 
12.000 - 12.499
   
228
   
121,012,423.53
   
13.22
   
7.127
   
357
   
74.03
   
724
 
12.500 - 12.999
   
280
   
130,857,994.74
   
14.29
   
7.573
   
360
   
76.65
   
718
 
13.000 - 13.499
   
135
   
59,780,530.12
   
6.53
   
7.932
   
355
   
74.57
   
705
 
13.500 - 13.999
   
22
   
12,722,987.55
   
1.39
   
7.862
   
362
   
77.22
   
719
 
14.000 - 14.499
   
1
   
123,587.36
   
0.01
   
9.130
   
351
   
90.00
   
705
 
Total
   
1,733
 
$
915,451,022.47
   
100.00
%
 
7.255
%
 
374
   
74.59
%
 
716
 
 
The weighted average maximum loan rate of the Group 2 adjustable rate mortgage loans was approximately 11.591% as of April 1, 2008.
 
S-40

 
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
 
                               
2.000 - 2.499
   
341
 
$
202,332,363.90
   
22.10
%
 
6.779
%
 
350
   
72.57
%
 
729
 
2.500 - 2.999
   
594
   
317,389,524.70
   
34.67
   
7.069
   
365
   
74.91
   
724
 
3.000 - 3.499
   
625
   
307,222,515.65
   
33.56
   
7.610
   
390
   
74.91
   
708
 
3.500 - 3.999
   
126
   
60,234,528.30
   
6.58
   
7.978
   
422
   
76.95
   
681
 
4.000 - 4.499
   
14
   
8,331,680.32
   
0.91
   
7.478
   
353
   
75.55
   
711
 
4.500 - 4.999
   
12
   
7,838,710.83
   
0.86
   
6.930
   
349
   
77.97
   
725
 
5.000 - 5.499
   
18
   
9,647,758.87
   
1.05
   
7.511
   
349
   
77.77
   
704
 
5.500 - 5.999
   
3
   
2,453,939.90
   
0.27
   
7.801
   
344
   
76.46
   
691
 
Total
   
1,733
 
$
915,451,022.47
   
100.00
%
 
7.255
%
 
374
   
74.59
%
 
716
 
 
The weighted average minimum loan rate of the Group 2 adjustable rate mortgage loans was approximately 2.911% 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
 
                               
2.000 - 2.499
   
373
 
$
224,913,010.80
   
24.57
%
 
6.812
%
 
350
   
73.01
%
 
727
 
2.500 - 2.999
   
545
   
299,596,121.10
   
32.73
   
7.008
   
366
   
74.38
   
724
 
3.000 - 3.499
   
648
   
318,117,367.47
   
34.75
   
7.618
   
389
   
75.06
   
710
 
3.500 - 3.999
   
151
   
66,665,080.08
   
7.28
   
8.042
   
416
   
78.49
   
681
 
4.000 - 4.499
   
8
   
4,481,617.52
   
0.49
   
8.403
   
357
   
74.31
   
706
 
5.000 - 5.499
   
8
   
1,677,825.50
   
0.18
   
7.652
   
350
   
82.22
   
671
 
Total
   
1,733
 
$
915,451,022.47
   
100.00
%
 
7.255
%
 
374
   
74.59
%
 
716
 
 
The weighted average gross margin of the Group 2 adjustable rate mortgage loans was approximately 2.860% as of April 1, 2008.

S-41


 
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
 
                               
400 - 499
   
1
 
$
113,942.32
   
0.01
%
 
6.875
%
 
352
   
96.42
%
 
487
 
500 - 524
   
3
   
472,143.65
   
0.05
   
6.766
   
352
   
56.38
   
518
 
525 - 549
   
6
   
887,336.39
   
0.09
   
7.002
   
352
   
90.13
   
538
 
550 - 574
   
11
   
1,407,947.46
   
0.14
   
6.940
   
332
   
85.02
   
561
 
575 - 599
   
24
   
4,472,824.36
   
0.46
   
6.962
   
345
   
82.46
   
590
 
600 - 624
   
57
   
13,578,743.41
   
1.38
   
7.002
   
362
   
73.63
   
616
 
625 - 649
   
142
   
52,794,334.19
   
5.38
   
7.555
   
375
   
74.54
   
639
 
650 - 674
   
278
   
135,955,158.51
   
13.86
   
7.428
   
373
   
75.77
   
663
 
675 - 699
   
348
   
175,169,090.89
   
17.86
   
7.326
   
375
   
75.83
   
687
 
700 - 724
   
333
   
178,450,070.14
   
18.20
   
7.208
   
374
   
75.15
   
712
 
725 - 749
   
304
   
161,456,987.59
   
16.46
   
7.090
   
372
   
75.02
   
736
 
750 - 774
   
260
   
137,147,058.66
   
13.99
   
7.115
   
369
   
73.89
   
762
 
775 - 799
   
178
   
91,798,987.01
   
9.36
   
7.011
   
366
   
72.12
   
786
 
800 and above
   
56
   
26,263,711.99
   
2.68
   
7.208
   
370
   
68.28
   
806
 
None
   
5
   
669,839.61
   
0.07
   
6.737
   
352
   
86.87
   
N/A
 
Total
   
2,006
 
$
980,638,176.18
   
100.00
%
 
7.222
%
 
372
   
74.70
%
 
715
 
 
The weighted average credit score of the Group 2 mortgage loans with credit scores was approximately 715 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
   
840
 
$
394,696,674.68
   
40.25
%
 
6.888
%
 
354
   
74.12
%
 
718
 
12
   
324
   
181,330,627.18
   
18.49
   
7.261
   
381
   
74.16
   
717
 
24
   
100
   
53,511,291.44
   
5.46
   
7.372
   
397
   
76.24
   
725
 
36
   
736
   
349,603,792.74
   
35.65
   
7.554
   
383
   
75.42
   
708
 
60
   
6
   
1,495,790.14
   
0.15
   
7.605
   
347
   
70.56
   
741
 
Total
   
2,006
 
$
980,638,176.18
   
100.00
%
 
7.222
%
 
372
   
74.70
%
 
715
 
 
 
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
 
                               
Not Applicable - Non Negam
   
530
 
$
203,082,414.57
   
20.71
%
 
6.782
%
 
347
   
76.23
%
 
708
 
110
   
54
   
31,419,560.67
   
3.20
   
7.587
   
374
   
80.63
   
711
 
115
   
1,080
   
599,152,460.01
   
61.10
   
7.233
   
384
   
74.03
   
718
 
120
   
342
   
146,983,740.93
   
14.99
   
7.710
   
356
   
74.04
   
713
 
Total
   
2,006
 
$
980,638,176.18
   
100.00
%
 
7.222
%
 
372
   
74.70
%
 
715
 


S-42


 
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
   
657
 
$
348,864,606.75
   
38.11
%
 
7.504
%
 
403
   
75.37
%
 
706
 
2
   
1
   
347,057.03
   
0.04
   
7.375
   
332
   
63.27
   
705
 
3
   
1
   
142,089.37
   
0.02
   
4.750
   
351
   
98.45
   
618
 
23
   
1
   
699,666.90
   
0.08
   
7.500
   
347
   
70.00
   
738
 
24
   
4
   
2,182,138.88
   
0.24
   
6.797
   
348
   
86.69
   
752
 
25
   
4
   
2,539,697.64
   
0.28
   
7.042
   
349
   
77.05
   
743
 
26
   
4
   
2,101,293.00
   
0.23
   
6.939
   
350
   
75.62
   
725
 
27
   
9
   
2,170,402.64
   
0.24
   
6.477
   
363
   
70.88
   
710
 
28
   
5
   
1,352,311.97
   
0.15
   
6.192
   
352
   
78.23
   
680
 
39
   
1
   
361,707.76
   
0.04
   
7.875
   
339
   
74.58
   
750
 
40
   
18
   
8,342,244.57
   
0.91
   
7.651
   
340
   
73.53
   
718
 
42
   
3
   
1,532,728.06
   
0.17
   
6.841
   
377
   
79.87
   
757
 
43
   
29
   
15,881,880.23
   
1.73
   
6.956
   
350
   
74.05
   
724
 
44
   
107
   
59,473,034.43
   
6.50
   
6.809
   
352
   
74.28
   
732
 
45
   
95
   
63,144,092.47
   
6.90
   
6.751
   
349
   
70.47
   
732
 
46
   
83
   
44,747,488.13
   
4.89
   
7.023
   
349
   
71.75
   
720
 
47
   
48
   
25,434,575.95
   
2.78
   
7.263
   
347
   
71.74
   
714
 
48
   
82
   
45,046,764.78
   
4.92
   
7.180
   
348
   
72.75
   
715
 
49
   
152
   
85,924,772.94
   
9.39
   
7.118
   
358
   
76.81
   
721
 
50
   
136
   
73,617,721.17
   
8.04
   
7.184
   
363
   
74.70
   
724
 
51
   
117
   
48,036,748.86
   
5.25
   
7.598
   
360
   
78.80
   
712
 
52
   
66
   
29,616,189.82
   
3.24
   
7.608
   
391
   
75.58
   
725
 
53
   
8
   
3,096,738.70
   
0.34
   
7.849
   
353
   
71.65
   
717
 
61
   
1
   
999,939.90
   
0.11
   
7.875
   
337
   
74.07
   
720
 
63
   
3
   
1,484,952.88
   
0.16
   
6.693
   
339
   
64.00
   
692
 
64
   
3
   
1,426,250.00
   
0.16
   
6.930
   
340
   
76.22
   
685
 
65
   
3
   
1,588,258.32
   
0.17
   
7.185
   
341
   
66.17
   
699
 
66
   
2
   
738,095.62
   
0.08
   
6.939
   
342
   
79.57
   
718
 
67
   
2
   
637,579.33
   
0.07
   
6.908
   
343
   
46.01
   
732
 
68
   
2
   
1,348,000.00
   
0.15
   
6.819
   
344
   
58.24
   
730
 
69
   
1
   
177,581.49
   
0.02
   
6.750
   
345
   
42.35
   
631
 
70
   
3
   
2,228,000.00
   
0.24
   
6.555
   
346
   
75.62
   
692
 
71
   
4
   
1,503,615.26
   
0.16
   
6.768
   
347
   
72.93
   
716
 
72
   
8
   
4,164,437.16
   
0.45
   
6.636
   
348
   
71.90
   
734
 
73
   
16
   
9,080,497.19
   
0.99
   
6.530
   
349
   
75.17
   
716
 
74
   
14
   
8,195,595.96
   
0.90
   
6.773
   
350
   
74.66
   
730
 
75
   
23
   
11,364,620.34
   
1.24
   
7.226
   
351
   
69.95
   
748
 
76
   
6
   
2,218,348.22
   
0.24
   
6.581
   
352
   
73.60
   
744
 
108
   
1
   
454,000.00
   
0.05
   
7.750
   
348
   
73.94
   
673
 
110
   
3
   
1,588,366.17
   
0.17
   
7.294
   
350
   
63.48
   
769
 
111
   
4
   
1,033,694.58
   
0.11
   
6.968
   
351
   
79.69
   
688
 
112
   
3
   
563,238.00
   
0.06
   
6.863
   
352
   
70.14
   
797
 
Total
   
1,733
 
$
915,451,022.47
   
100.00
%
 
7.255
%
 
374
   
74.59
%
 
716
 
 
The weighted average months to next rate adjustment of the Group 2 adjustable rate mortgage loans was approximately 31 months as of April 1, 2008.

S-43


 
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
   
118
 
$
66,016,595.78
   
7.21
%
 
7.530
%
 
399
   
75.88
%
 
713
 
2
   
99
   
53,788,326.80
   
5.88
   
7.436
   
414
   
75.38
   
709
 
3
   
38
   
21,956,286.03
   
2.40
   
7.366
   
391
   
75.60
   
724
 
4
   
40
   
20,331,607.83
   
2.22
   
7.443
   
384
   
76.10
   
703
 
5
   
23
   
10,523,618.79
   
1.15
   
7.563
   
403
   
77.67
   
705
 
7
   
9
   
5,352,256.39
   
0.58
   
7.863
   
363
   
74.92
   
701
 
8
   
5
   
5,086,191.64
   
0.56
   
7.495
   
361
   
71.41
   
726
 
9
   
17
   
11,698,068.24
   
1.28
   
7.648
   
379
   
74.57
   
689
 
10
   
37
   
19,315,087.39
   
2.11
   
7.593
   
379
   
76.49
   
702
 
11
   
140
   
65,389,522.66
   
7.14
   
7.548
   
400
   
74.62
   
699
 
12
   
160
   
80,874,180.68
   
8.83
   
7.487
   
411
   
74.63
   
704
 
23
   
1
   
699,666.90
   
0.08
   
7.500
   
347
   
70.00
   
738
 
24
   
4
   
2,182,138.88
   
0.24
   
6.797
   
348
   
86.69
   
752
 
25
   
4
   
2,539,697.64
   
0.28
   
7.042
   
349
   
77.05
   
743
 
26
   
4
   
2,101,293.00
   
0.23
   
6.939
   
350
   
75.62
   
725
 
27
   
9
   
2,170,402.64
   
0.24
   
6.477
   
363
   
70.88
   
710
 
28
   
5
   
1,352,311.97
   
0.15
   
6.192
   
352
   
78.23
   
680
 
39
   
1
   
361,707.76
   
0.04
   
7.875
   
339
   
74.58
   
750
 
40
   
16
   
7,146,149.33
   
0.78
   
7.562
   
340
   
72.47
   
726
 
41
   
1
   
580,769.96
   
0.06
   
7.375
   
341
   
80.00
   
690
 
42
   
3
   
1,532,728.06
   
0.17
   
6.841
   
377
   
79.87
   
757
 
43
   
28
   
15,454,688.76
   
1.69
   
6.924
   
347
   
74.21
   
723
 
44
   
107
   
59,473,034.43
   
6.50
   
6.809
   
352
   
74.28
   
732
 
45
   
95
   
63,144,092.47
   
6.90
   
6.751
   
349
   
70.47
   
732
 
46
   
76
   
41,948,764.68
   
4.58
   
6.980
   
349
   
71.59
   
720
 
47
   
42
   
22,337,679.23
   
2.44
   
7.248
   
347
   
71.58
   
711
 
48
   
73
   
41,031,920.19
   
4.48
   
7.182
   
350
   
73.22
   
716
 
49
   
150
   
85,135,156.36
   
9.30
   
7.098
   
361
   
76.90
   
719
 
50
   
139
   
75,593,919.49
   
8.26
   
7.192
   
366
   
74.72
   
724
 
51
   
119
   
48,936,597.63
   
5.35
   
7.587
   
362
   
78.61
   
711
 
52
   
61
   
27,891,155.95
   
3.05
   
7.614
   
394
   
75.31
   
727
 
53
   
7
   
2,710,334.49
   
0.30
   
7.953
   
353
   
72.59
   
707
 
61
   
1
   
999,939.90
   
0.11
   
7.875
   
337
   
74.07
   
720
 
63
   
3
   
1,484,952.88
   
0.16
   
6.693
   
339
   
64.00
   
692
 
64
   
3
   
1,426,250.00
   
0.16
   
6.930
   
340
   
76.22
   
685
 
65
   
3
   
1,588,258.32
   
0.17
   
7.185
   
341
   
66.17
   
699
 
66
   
2
   
738,095.62
   
0.08
   
6.939
   
342
   
79.57
   
718
 
67
   
2
   
637,579.33
   
0.07
   
6.908
   
343
   
46.01
   
732
 
68
   
2
   
1,348,000.00
   
0.15
   
6.819
   
344
   
58.24
   
730
 
69
   
1
   
177,581.49
   
0.02
   
6.750
   
345
   
42.35
   
631
 
70
   
3
   
2,228,000.00
   
0.24
   
6.555
   
346
   
75.62
   
692
 
71
   
4
   
1,503,615.26
   
0.16
   
6.768
   
347
   
72.93
   
716
 
72
   
8
   
4,164,437.16
   
0.45
   
6.636
   
348
   
71.90
   
734
 
73
   
16
   
9,080,497.19
   
0.99
   
6.530
   
349
   
75.17
   
716
 
74
   
14
   
8,195,595.96
   
0.90
   
6.773
   
350
   
74.66
   
730
 
75
   
23
   
11,364,620.34
   
1.24
   
7.226
   
351
   
69.95
   
748
 
76
   
6
   
2,218,348.22
   
0.24
   
6.581
   
352
   
73.60
   
744
 
108
   
1
   
454,000.00
   
0.05
   
7.750
   
348
   
73.94
   
673
 
110
   
3
   
1,588,366.17
   
0.17
   
7.294
   
350
   
63.48
   
769
 
111
   
4
   
1,033,694.58
   
0.11
   
6.968
   
351
   
79.69
   
688
 
112
   
3
   
563,238.00
   
0.06
   
6.863
   
352
   
70.14
   
797
 
Total
   
1,733
 
$
915,451,022.47
   
100.00
%
 
7.255
%
 
374
   
74.59
%
 
716
 
 
The weighted average months to next payment adjustment of the Group 2 adjustable rate mortgage loans was approximately 33 months as of April 1, 2008.
 
S-44

 
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
   
24
 
$
13,155,841.61
   
1.34
%
 
7.357
%
 
356
   
78.12
%
 
699
 
60 - 89 Days
   
14
   
7,267,978.14
   
0.74
   
7.268
   
370
   
80.09
   
703
 
90+ Days
   
10
   
6,359,020.84
   
0.65
   
7.466
   
346
   
78.29
   
700
 
Current
   
1,910
   
927,784,267.90
   
94.61
   
7.213
   
372
   
74.45
   
716
 
Foreclosure
   
43
   
24,178,866.65
   
2.47
   
7.422
   
362
   
79.74
   
698
 
REO
   
5
   
1,892,201.04
   
0.19
   
7.507
   
422
   
75.84
   
695
 
Total
   
2,006
 
$
980,638,176.18
   
100.00
%
 
7.222
%
 
372
   
74.70
%
 
715
 
 
 
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
   
1,889
 
$
918,503,958.17
   
93.66
%
 
7.215
%
 
372
   
74.40
%
 
716
 
1
   
101
   
55,229,237.18
   
5.63
   
7.364
   
362
   
78.94
   
696
 
2
   
11
   
4,444,442.04
   
0.45
   
7.082
   
346
   
80.71
   
677
 
3
   
4
   
1,849,036.45
   
0.19
   
7.010
   
345
   
79.79
   
713
 
5
   
1
   
611,502.34
   
0.06
   
7.500
   
465
   
80.00
   
668
 
Total
   
2,006
 
$
980,638,176.18
   
100.00
%
 
7.222
%
 
372
   
74.70
%
 
715
 
 
 
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
   
1,937
 
$
941,680,097.62
   
96.03
%
 
7.217
%
 
372
   
74.50
%
 
715
 
1
   
64
   
37,235,200.80
   
3.80
   
7.367
   
365
   
79.28
   
703
 
2
   
4
   
1,580,788.39
   
0.16
   
7.361
   
345
   
81.87
   
697
 
3
   
1
   
142,089.37
   
0.01
   
4.750
   
351
   
98.45
   
618
 
Total
   
2,006
 
$
980,638,176.18
   
100.00
%
 
7.222
%
 
372
   
74.70
%
 
715
 


S-45


 
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
   
1,982
 
$
965,940,568.66
   
98.50
%
 
7.219
%
 
372
   
74.63
%
 
715
 
1
   
8
   
5,382,193.30
   
0.55
   
7.367
   
369
   
80.99
   
699
 
2
   
6
   
3,743,082.06
   
0.38
   
7.415
   
370
   
75.26
   
695
 
3
   
7
   
3,560,318.61
   
0.36
   
7.535
   
362
   
81.89
   
677
 
4
   
2
   
1,012,073.65
   
0.10
   
6.804
   
347
   
80.00
   
734
 
5
   
1
   
999,939.90
   
0.10
   
7.875
   
337
   
74.07
   
720
 
Total
   
2,006
 
$
980,638,176.18
   
100.00
%
 
7.222
%
 
372
   
74.70
%
 
715
 

 
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
   
1,955
 
$
952,756,152.36
   
97.16
%
 
7.216
%
 
372
   
74.56
%
 
715
 
1
   
11
   
4,764,361.46
   
0.49
   
7.435
   
373
   
81.40
   
688
 
2
   
15
   
9,029,968.52
   
0.92
   
7.541
   
368
   
78.99
   
698
 
3
   
12
   
7,510,906.95
   
0.77
   
7.188
   
368
   
79.92
   
701
 
4
   
8
   
3,335,119.26
   
0.34
   
7.442
   
376
   
78.16
   
703
 
5
   
5
   
3,241,667.63
   
0.33
   
7.751
   
348
   
78.98
   
676
 
Total
   
2,006
 
$
980,638,176.18
   
100.00
%
 
7.222
%
 
372
   
74.70
%
 
715
 

S-46


4. On page S-34 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 2007-7 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.
 
5. On page S-40 of the prospectus supplement, the second paragraph under the heading “The Servicers—Downey Savings and Loan Association, F.A.” is deleted in its entirety and replaced with the following:
 
Downey has been servicing single-family residential mortgage loans since 1957, and servicing monthly adjustable mortgages for more than 20 years. As of December 31, 2007, Downey serviced for investors, and owned servicing rights for, loans having an aggregate unpaid principal balance of approximately $2.449 billion and subserviced loans having an aggregate unpaid principal balance of approximately $3.076 billion. As of December 31, 2007, Downey serviced for investors, and owned servicing rights for, loans having an aggregate unpaid principal balance of approximately $5.525 billion. During the fourth quarter of 2004, Downey sold approximately 80% of our servicing rights.

Servicing and sub-servicing includes, but is not limited to:

 
·
collecting, aggregating, and remitting loan payments;

 
·
administering escrow funds for the payment of real estate taxes and insurance premiums;

 
·
contacting delinquent mortgagors;

 
·
supervising foreclosures in the event of non-remedied defaults; and

 
·
generally administering the loans.
 
S-47


 
6. On pages S-40 and S-41 of the prospectus supplement, the table under the heading “The Servicers—Downey Savings and Loan Association, F.A.” is supplemented as follows:
 
   
Delinquency, Foreclosure and Loss Experience
 
       
   
December 31, 2007
 
   
Number of Loans
 
Dollar Amount
 
Percent of Total Portfolio
 
Total Portfolio
   
50,290
   
16,368,216
       
Delinquent Loans
                   
30-59 days delinquent
   
1,483
   
568,607
   
3.47
%
60-89 days delinquent
   
670
   
270,608
   
1.65
%
90+ days delinquent
   
1,575
   
631,713
   
3.86
%
Total
   
3,728
   
1,470,928
   
8.99
%
Foreclosures
   
1,503
   
603,548
   
3.69
%
Total Net Loan Loss
   
N/A
   
18,118
   
N/A
 

7. On pages S-40 of the prospectus supplement, the information under the heading “The Servicers—Downey Savings and Loan Association, F.A.” is supplemented as follows:
 
The senior unsecured ratings of Downey Financial Corp., the parent company for Downey Savings and Loan Association, F.A., which is a servicer of the mortgage loans, were downgraded to 'Ba1' from 'Baa2' by Moody's on April 23, 2008 after Downey Savings and Loan Association, F.A. announced a first-quarter loss of $248 million, continued negative trends in nonperforming loans to 12 percent of total assets, and a significant increase in loan charge-offs to $37 million. The servicer's bank financial strength rating was downgraded by Moody's to 'D+' from 'C-,' the long-term deposit rating to 'Baa3' from 'Baa1' and short-term deposits to 'Prime-3' from 'Prime-2.'

Additional updated information regarding Downey Savings and Loan Association, F.A. since the date of the prospectus supplement was requested by the depositor, but was not made available by Downey Savings and Loan Association, F.A. to the depositor, sponsor or underwriter or any of their affiliates.
 
8. On pages S-44 and S-45 of the prospectus supplement, the table under the heading “The Servicers—Central Mortgage Company” is supplemented as follows:
 
S-48

 
Central Mortgage Company
Overall Mortgage Portfolio Delinquency Experience
 
   
At December 31, 2007
 
At March 31, 2008
 
   
Loan
Amounts
 
Percent
by
Loan
Amounts
 
Number
of
Loans
 
Percent
of
Servicing
Portfolio
 
Loan
Amounts
 
Percent
by
Loan
Amounts
 
Number
of
Loans
 
Percent
of
Servicing
Portfolio
 
Total Portfolio
 
$
24,877,928,107
   
100.00
%
 
119,967
   
100.00
%
$
24,392,333,419
   
100.00
%
 
118,158
   
100.00
%
                                                   
Period of Delinquency
                                                 
30-59 Days
 
$
751,849,594
   
3.02
%
 
3,131
   
2.61
%
$
750,572,261
   
3.08
%
 
2,923
   
2.47
%
60-89 Days
 
$
376,309,381
   
1.51
%
 
1,355
   
1.13
%
$
391,143,483
   
1.60
%
 
1,320
   
1.12
%
90-120 Days
 
$
535,087,566
   
2.15
%
 
1,780
   
1.48
%
$
774,832,677
   
3.18
%
 
2,380
   
2.01
%
                                                   
Delinquency Status
                                                 
Bankruptcy
 
$
59,316,092
   
0.24
%
 
260
   
0.22
%
$
101,759,304
   
0.42
%
 
379
   
0.32
%
Foreclosure
 
$
561,120,310
   
2.26
%
 
1,791
   
1.49
%
$
795,435,946
   
3.26
%
 
2,533
   
2.14
%
Sub Total
 
$
2,283,682,943
   
9.18
%
 
8,317
   
6.93
%
$
2,813,743,671
   
11.54
%
 
9,535
   
8.07
%
Real Estate Owned
 
$
81,085,766
   
0.33
%
 
237
   
0.20
%
$
118,990,868
   
0.49
%
 
350
   
0.30
%
                                                   
Total Delinquent Loans
 
$
2,364,768,710
   
9.51
%
 
8,554
   
7.13
%
$
2,932,734,539
   
12.02
%
 
9,885
   
8.37
%

Additional updated information regarding Central Mortgage Company since the date of the prospectus supplement was requested by the depositor, but is not available by Central Mortgage Company to the sponsor, depositor or underwriter.
 
S-49

 
9. On page S-47 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
%
 
10. On pages S-48 and S-49 of the prospectus supplement, the tables and introductory paragraph under the heading “The Servicers—GMAC Mortgage, LLC” is supplemented as follows:
 
HOMECOMINGS FINANCIAL, LLC SERVICING PORTFOLIO
 
Homecoming Servicing Portfolio. The following table sets forth the aggregate principal amount of mortgage loans serviced by Homecomings for the past five years. The percentages shown under “Percentage Change from Prior Year” represent the ratio of (a) the difference between the current and prior year volume over (b) the prior year volume.
 
S-50

 
First Lien Mortgage Loans
 
 
 
   
For the year ended December 31,
 
Volume by
Principal Balance
 
2003
 
2004
 
2005
 
2006
 
2007
 
Prime Mortgages(1)
 
$
29,954,139,212
 
$
31,943,811,060
 
$
44,570,851,126
 
$
67,401,832,594
 
$
70,051,774,721
 
Non-Prime Mortgages(2)
 
$
39,586,900,679
 
$
44,918,413,591
 
$
52,102,835,214
 
$
49,470,359,806
 
$
35,711,736,186
 
Total
 
$
69,541,039,891
 
$
76,862,224,651
 
$
96,673,686,340
 
$
116,872,192,400
 
$
105,763,510,907
 
Prime Mortgages(1)
   
43.07
%
 
41.56
%
 
46.10
%
 
57.67
%
 
66.23
%
Non-Prime Mortgages(2)
   
56.93
%
 
58.44
%
 
53.90
%
 
42.33
%
 
33.77
%
Total
   
100.00
%
 
100.00
%
 
100.00
%
 
100.00
%
 
100.00
%
 
Percentage Change from Prior Year(3)
                         
Prime Mortgages(1)
   
9.55
%
 
6.64
%
 
39.53
%
 
51.22
%
 
3.93
%
Non-Prime Mortgages(2)
   
44.56
%
 
13.47
%
 
15.99
%
 
(5.05
)%
 
(27.81
)%
Total
   
27.07
%
 
10.53
%
 
25.78
%
 
20.89
%
 
(9.50
)%

S-51





Junior Lien Mortgage Loans

   
For the year ended December 31,
 
Volume by
Principal Balance
 
2003
 
2004
 
2005
 
2006
 
2007
 
Prime Mortgages(1)
 
$
7,402,626,296
 
$
7,569,300,685
 
$
7,442,264,087
 
$
11,418,858,741
 
$
10,082,174,619
 
Non-Prime Mortgages(2)
   
-
   
-
   
-
   
-
 
$
531,021,726
 
Total
 
$
7,402,626,296
 
$
7,569,300,685
 
$
7,442,264,087
 
$
11,418,858,741
 
$
10,613,196,345
 
Prime Mortgages(1)
   
100.00
%
 
100.00
%
 
100.00
%
 
100.00
%
 
95.00
%
Non-Prime Mortgages(2)
   
-
   
-
   
-
   
-
   
5.00
%
Total
   
100.00
%
 
100.00
%
 
100.00
%
 
100.00
%
 
100.00
%
 
Percentage Change from Prior Year(3)
                 
Prime Mortgages(1)
   
(2.95
)%
 
2.25
%
 
(1.68
)%
 
53.43
%
 
(11.71
)%
Non-Prime Mortgages(2)
   
-
   
-
   
-
   
-
   
100.00
%
Total
   
(2.95
)%
 
2.25
%
 
(1.68
)%
 
53.43
%
 
(7.06
)%

First Lien Mortgage Loans
 
   
For the year ended December 31,
 
Volume by
Number of Loans
 
2003
 
2004
 
2005
 
2006
 
2007
 
Prime Mortgages(1)
   
143,645
   
150,297
   
187,773
   
252,493
   
247,037
 
Non-Prime Mortgages(2)
   
341,190
   
373,473
   
394,776
   
361,125
   
256,547
 
Total
   
484,835
   
523,770
   
582,549
   
613,618
   
503,584
 
Prime Mortgages(1)
   
29.63
%
 
28.70
%
 
32.23
%
 
41.15
%
 
49.06
%
Non-Prime Mortgages(2)
   
70.37
%
 
71.30
%
 
67.77
%
 
58.85
%
 
50.94
%
Total
   
100.00
%
 
100.00
%
 
100.00
%
 
100.00
%
 
100.00
%
 
Percentage Change from Prior Year(3)
                 
Prime Mortgages(1)
   
14.72
%
 
4.63
%
 
24.93
%
 
34.47
%
 
(2.16
)%
Non-Prime Mortgages(2)
   
32.72
%
 
9.46
%
 
5.70
%
 
(8.52
)%
 
(28.96
)%
Total
   
26.83
%
 
8.03
%
 
11.22
%
 
5.33
%
 
(17.93
)%

S-52

 
Junior Lien Mortgage Loans
 
   
For the year ended December 31,
 
Volume by
Number of Loans
 
2003
 
2004
 
2005
 
2006
 
2007
 
Prime Mortgages(1)
   
211,585
   
210,778
   
199,600
   
266,900
   
233,481
 
Non-Prime Mortgages(2)
   
-
   
-
   
-
   
-
   
12,877
 
Total
   
211,585
   
210,778
   
199,600
   
266,900
   
246,358
 
Prime Mortgages(1)
   
100.00
%
 
100.00
%
 
100.00
%
 
100.00
%
 
94.77
%
Non-Prime Mortgages(2)
   
-
   
-
   
-
   
-
   
5.23
%
Total
   
100.00
%
 
100.00
%
 
100.00
%
 
100.00
%
 
100.00
%
                                 
 
Percentage Change from Prior Year(3)
                 
Prime Mortgages(1)
   
(2.51
)%
 
(0.38
)%
 
(5.30
)%
 
33.72
%
 
(12.52
)%
Non-Prime Mortgages(2)
   
-
   
-
   
-
   
-
   
100.00
%
Total
   
(2.51
)%
 
(0.38
)%
 
(5.30
)%
 
33.72
%
 
(7.7
)%

 
11. On page S-45 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.

 
12. On page S-85 of the prospectus supplement, the last sentence of the first paragraph under the heading “Description of the Certificates—The Basis Risk Cap Agreement—The Basis Risk Cap Provider” is deleted in its entirety and replaced with the following:
 
SRFP currently has a long-term coupterpary credit rating of “AA-” (stable) and a short-term debt rating of “A-1+” from Standard & Poor’s.
 
13. On page S-86 of the prospectus supplement, the third paragraph under the heading “Description of the Certificates—The Basis Risk Cap Agreement—The Basis Risk Cap Provider” is deleted in its entirety and replaced with the following:
 
Swiss Re currently has (i) from Standard & Poor’s: long-term counterparty credit, financial strength and senior unsecured debt ratings of “AA-” (stable) and a short-term counterparty credit rating of “A-1+,” (ii) from Moody’s: insurance financial strength and senior debt ratings of “Aa2”, and a short-term rating of “P-1” and (iii) from Fitch: long-term issuer rating of “AA-” (stable).
 
S-53


GRAPHIC 2 rbs_logo-small.jpg GRAPHIC begin 644 rbs_logo-small.jpg M_]C_X``02D9)1@`!`@$`2`!(``#_X0HW17AI9@``24DJ``@````'`!(!`P`! M`````0```!H!!0`!````8@```!L!!0`!````:@```"@!`P`!`````@```#$! M`@`;````<@```#(!`@`4````C0```&F'!``!````I````-````!(`````0`` M`$@````!````061O8F4@4&AO=&]S:&]P($-3(%=I;F1O=W,`,C`P-SHP-SHQ M-B`Q,CHP,3HP-0`````#``&@`P`!````__\```*@!``!````^@````.@!``! M````(0````````````8``P$#``$````&````&@$%``$````>`0``&P$%``$` M```F`0``*`$#``$````"`````0($``$````N`0```@($``$````!"0`````` M`$@````!````2`````$```#_V/_@`!!*1DE&``$"`0!(`$@``/_M``Q!9&]B M95]#30`"_^X`#D%D;V)E`&2``````?_;`(0`#`@("`D(#`D)#!$+"@L1%0\, M#`\5&!,3%1,3&!$,#`P,#`P1#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P, M#`$-"PL-#@T0#@X0%`X.#A04#@X.#A01#`P,#`P1$0P,#`P,#!$,#`P,#`P, M#`P,#`P,#`P,#`P,#`P,#`P,#`P,_\``$0@`%0"@`P$B``(1`0,1`?_=``0` M"O_$`3\```$%`0$!`0$!``````````,``0($!08'"`D*"P$``04!`0$!`0$` M`````````0`"`P0%!@<("0H+$``!!`$#`@0"!0<&"`4###,!``(1`P0A$C$% M05%A$R)Q@3(&%)&AL4(C)!52P6(S-'*"T4,')9)3\.'Q8W,U%J*R@R9$DU1D M1<*C=#87TE7B9?*SA,/3=>/S1B>4I(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F M]C='5V=WAY>GM\?7Y_<1``("`0($!`,$!08'!P8%-0$``A$#(3$2!$%187$B M$P4R@9$4H;%"(\%2T?`S)&+A7U5F9VAI:FML;6YO8G-T=7 M9W>'EZ>WQ__:``P#`0`"$0,1`#\`ZSZP_7.[HG46X`PQE69+:_L0KLE[[7O# M+:+Z&,??C_HOTN._T[*[]G_;:Z!]E M[679.ZEOK9#_`$ZZJ=_TUG_63%ZY5]:*NM=$PK+[,*FL9#K&5FNUECO0^RX> MVO[6Z]K++KLB[U_3QZV?];M7U>Q>N7?6L]:ZUA64/RZ[6XQJ97Z=+*G''^SY MILK^UMNM977?CY#,C]8]3_1_HZY>&/!?6N^O%Y++/%7C^"2SZ_=1QZLSJ%_3 M&.Z3@9[^GY%]=_Z9NQ[:O7^S/J:Q[?TE?L]=$S?KMU?&LZO=7TRF[!Z)=Z60 M\Y/IVN;#7^I76ZEU?T7_`$/57/'ZN]2Q[K>O'IU^6[$ZWD66=->USA=BV.;Z M6;C8KG;'WT.?^AL8S])_A?T=2CU;H3[^I=>]3HF?E9^5D&SI&72#72P[6^G; M;8^ZJCV6^[]+39_81X8?R_\`1D7)ZAWUPZIG=3OZ?T#I]>4<.BG(N.5>*'.& M0QN15514&6^[T[&>I99^C99_8]36ZWUT])QZ(H=EY^8\4X>#40'66EN\CU7^ MVK'JV_I\E[?T5:XWZS]/R\^JF@=(SK?K9C54,KZYBM%-#KME;[K/MC;*6>FQ MYL9[Z?\`B?270=>Z?UEC^B=9QZQU#.Z,YWVO'80PVLOJ^SYEF/OV,]5G\Y35 M^>F$#3H.RZSJZ&-U+K5!NNZYC8N'@55.N=E4Y#K=FW;^CM99CX_^#WO]5G^C M3W_6OZNX]+K[>I8XI9::'/#PX>HUK;+*V[-V]U3+:_5V?S?^$7-]3R^K]<=U M)V-@=1Q\+]C9='V?*K-0?E6%CL?TL?>_UKMGJ,]38H9G2LWIV=TK-JKSZ,&O MI;,(CI;*[+J;@]N0]M^-;7D?H;X_2VTU;_6I_2I<(ZZ'P5Q=GJ\WZR="P*Z+ M6`['>7@BQI@^K66_X'W?SW\THYGUGZ!@%PS.H44N9Z>YKGB8M!=2= MHG=ZC&[_`.HN)HZ/9TNQCZZ.M5=*RL)E%#<>NFW)9M?D77X?4,=U.3Z7JNR/ M5J]+TZ_TGIV?\'K=+Z*ZB[JCJ\.YM0Z/B8F"[):#<6BJ_P!7%ZN(]GIV]9Z6YN2YN74YN$QMN40\$5UO9]HJML/^CLH_2L>J_5 M.NXN/T\78V7BLR,NBR[I[LEQ%-@KK^TNN=Z7Z1U%=/Z6ST_S%R`^K_5B.B8K M<5WV3JG3L+#ZTT@M](83JLE_VB/HNR<;U\'W*-70>MMP^M8MN-8:>D]/S>G] M'$%QO&4^V]MF/]+W5XE>)B;&?U$.$5=JLO9'ZP]+Q[,/$SLW'KSLUM?IT,?. M]UD-;Z(/O]*RSVTOL_G%F_5GZY8G4L'"JZEE8U/6,KU?U1AVGV6V4U;:WOL< MUUE;&/V/?O>JW2+QK&TT8GH9CVO_5FX-C;7 M?I/S/4_ZYFX/1.H4_5;ZNT?8;&9=/6JLK-8&0]K1D9&[)O\`Y'H>E^D_T/II M<(HWX4JR]-U/K^95U6OHW2L09N>ZK[1>ZVST:**23779?:&7V.LML;^CQZJO M4_PBE9]9<3IN/0?K%=C],S+MT8XM]00UQ8+&6;*W;-OO_FO8L_J'[1Z)]9\C MK->#?U'IW4<>JF\8@%EU5M!?Z;OLYIKZV75DO!WUVES:;:MO\[79L=_-K/ZQ];:^F/MROM.#;@CI_P!JQ:18 M[[3=>YSOL_I;0^AV'DM9Z==C/TGK+F>AVOZ-U?IOVSIV5DY=/0**ACT4^I;6 M\WW[][7.;Z&_;LWV)L'ZK]M4R_ M9[?T:/!$:DH,CT>O;]W]+]L>WW_P"DK0?J3TGJ>'U/IS\O$MH95T0X M]CWM@-N^UNL]`_\`">E^E_XM+A`$C]B;.C__T/4_;W2]J^5TD/L4_5'M3Z+Y M6214_5!CND(7RNDDI^J-$M%\KI)*?JC1+VKY7204_5`VSHE[5\KI(J?JC3^] M/HOE9)!3]4:?W)::S\U\KI)*?I!O[*_YWV1ZG[4_9S-_^A^S^M9M_P"O^MN_ MZVM@QW7RNDG'IY*#]4';W_%.([+Y6235/__9_^T.ZE!H;W1O.$))30/S```````)```````````! M`#A"24T$"@```````0``.$))32<0```````*``$``````````3A"24T#]0`` M````2``O9F8``0!L9F8`!@```````0`O9F8``0"AF9H`!@```````0`R```` M`0!:````!@```````0`U`````0`M````!@```````3A"24T#^```````<``` M_____________________________P/H`````/______________________ M______\#Z`````#_____________________________`^@`````________ M_____________________P/H```X0DE-!`@``````!`````!```"0````D`` M````.$))300>```````$`````#A"24T$&@`````#40````8````````````` M`"$```#Z````#@!R`&(`7!E96YU;0````I%4VQI8V54>7!E`````$EM9R`````&8F]U;F1S3V)J8P`` M``$```````!28W0Q````!`````!4;W`@;&]N9P``````````3&5F=&QO;F<` M`````````$)T;VUL;VYG````(0````!29VAT;&]N9P```/H````#=7)L5$58 M5`````$```````!N=6QL5$585`````$```````!-'1415A4`````0``````"6AOD%L:6=N````!V1E9F%U;'0````)=F5R=$%L:6=N96YU;0````]%4VQI M8V5697)T06QI9VX````'9&5F875L=`````MB9T-O;&]R5'EP965N=6T````1 M15-L:6-E0D=#;VQO7U5F9VAI:FML;6YO8W1U=G=X>7I[?'U^?W$0`"`@$"!`0#!`4&!P<&!34! M``(1`R$Q$@1!46%Q(A,%,H&1%*&Q0B/!4M'P,R1BX7*"DD-3%6-S-/$E!A:B MLH,')C7"TD235*,79$55-G1EXO*SA,/3=>/S1I2DA;25Q-3D]*6UQ=7E]59F M=H:6IK;&UN;V)S='5V=WAY>GM\?_V@`,`P$``A$#$0`_`.L^L/USNZ)U%N`, M,95F2VO[$*[)>^U[PRVB^AC'WX_Z+]+CO].RN_9_VVN@?7*[K/5#TTX8Q+<< M6C.%M@:]CVOUEV3NI;ZV0_P!.NJG?]-9_UDQ>N5?6BKK71,*R^S"I MK&0ZQE9KM98[T/LN'MK^UNO:RRZ[(N]?T\>MG_6[5]7L7KEWUK/6NM85E#\N MNUN,:F5^G2RIQQ_L^:;*_M;;K65UWX^0S(_6/4_T?Z.N7ACP7UKOKQ>2RSQ5 MX_@DL^OW4<>K,ZA?TQCNDX&>_I^1?7?^F;L>VKU_LSZFL>W])7[/71,WZ[=7 MQK.KW5],INP>B7>ED/.3Z=KFPU_J5UNI=7]%_P!#U5SQ^KO4L>ZWKQZ=?ENQ M.MY%EG37M&'\O_`$9%R>H=]<.J9W4[^G]` MZ?7E'#HIR+CE7BASAD,;D5545!EON].QGJ66?HV6?V/4UNM]=/2<>B*'9>?F M/%.'@U$!UEI;O(]5_MJQZMOZ?)>W]%6N-^L_3\O/JIH'2,ZWZV8U5#*^N8K1 M30Z[96^ZS[8VREGIL>;&>^G_`(GTET'7NG]98_HG6<>L=0SNC.=]KQV$,-K+ MZOL^99C[]C/59_.4U?GIA`TZ#LNLZNAC=2ZU0;KNN8V+AX%53KG95.0ZW9MV M_H[668^/_@][_59_HT]_UK^KN/2Z^WJ6.*66FASP\.'J-:VRRMNS=O=4RVOU M=G\W_A%S?4\OJ_7'=2=C8'4GN:YXF+074G:)W>HQN_P#J+B:.CV=+L8^NCK572LK"910W'KIMR6;7 MY%U^'U#'=3D^EZKLCU:O2].O])Z=G_!ZW2^BNHNZHZO#N;4.CXF)@NR6@W%H MJO\`5Q7.;^C=>UPH9DUU^S?Z:/#'NKB/9Z=O6>EN;DN;EU.;A,;;E$/!%=;V M?:*K;#_H[*/TK'JOU3KN+C]/%V-EXK,C+HLNZ>[)<138*Z_M+KG>E^D=173^ MEL]/\Q<@/J_U8CHF*W%=]DZIT["P^M-(+?2&$ZK)?]HCZ+LG&]?!]RC5T'K; M)7B8FQG]1#A%7:K+V1^L/2\>S M#Q,[-QZ\[-;7Z=#'SO=9#6^B#[_2LL]M+[/YQ9OU9^N6)U+!PJNI96-3UC*] M7]48=I]EME-6VM[['-=96QC]CW[WJMTBW*Z1UO,KR.EY5O[6MQ74YM%37L:Q MM-&)Z&8]K_U9N#8VUWZ3\SU/^N9N#T3J%/U6^KM'V&QF73UJK*S6!D/:T9&1 MNR;_`.1Z'I?I/]#Z:7"*-^%*LO3=3Z_F5=5KZ-TK$&;GNJ^T7NML]&BBDDUU MV7VAE]CK+;&_H\>JKU/\(I6?67$Z;CT'ZQ78_3,R[=&.+?4$-<6"QEFRMVS; M[_YKV+/ZA^T>B?6?(ZS7@W]1Z=U''JIO&(!9=5;07^F[[.7-?9197;_@O_.P M=5ZKU_,OQ3BX74,3!R\=^UE5%)R79`>ZIN-G/R_M6-T_%=5LO]6QG]O_``:7 M#MV[VJWG78S])ZRYGH=K^C=7Z;]LZ M=E9.73T"BH8]%/J6UO-]^_>USF^AOV[-]B;!^J_7,/%NPGXSG6O^KF3C@L@U MC(OR;\EF`VV=GK5,OV>W]&CP1&I*#(]'KV_7+ZO-P,;-R>H8]3,D0T[Y!>T- M-[&:;G>CO]Z>CKUN1]:*^F4.JMZ?;TP9]=S)FZAU7\A8EG5_ MK!-@]1P\-V.:[#5CU_:CE,VU-Q[_MS+L?#P7M_2_;'M]_\`I*T'ZD]) MZGA]3Z<_+Q+:&5=$./8][8#;OM;K/0/_``GI?I?^+2X0!(_8FSH__]#U/V]T MO:OE=)#[%/U1[4^B^5DD5/U08[I"%\KI)*?JC1+1?*Z22GZHT2]J^5TD%/U0 M-LZ)>U?*Z2*GZHT_O3Z+Y6204_5&G]R6FL_-?*Z22GZ0;^RO^=]D>I^U/V2@_5!V]_Q3B.R^5DDU3__V0`X0DE- M!"$``````%,````!`0````\`00!D`&\`8@!E`"``4`!H`&\`=`!O`',`:`!O M`'`````2`$$`9`!O`&(`90`@`%``:`!O`'0`;P!S`&@`;P!P`"``0P!3```` M`0`X0DE-!`8```````<`!0````$!`/_A&`)H='1P.B\O;G,N861O8F4N8V]M M+WAA<"\Q+C`O`#P_>'!A8VME="!B96=I;CTG[[N_)R!I9#TG5S5-,$UP0V5H M:4AZDY48WIK8SED)S\^"CQX.GAM<&UE=&$@>&UL;G,Z>#TG861O8F4Z M;G,Z;65T82\G('@Z>&UP=&L])UA-4"!T;V]L:VET(#,N,"TR."P@9G)A;65W M;W)K(#$N-B<^"CQR9&8Z4D1&('AM;&YS.G)D9CTG:'1T<#HO+W=W=RYW,RYO M&UL;G,Z:5@])VAT='`Z M+R]N&UL;G,Z<&AO=&]S:&]P M/2=H='1P.B\O;G,N861O8F4N8V]M+W!H;W1O3X*(#PO&%P.DUE=&%D871A1&%T93X* M("`\>&%P.D-R96%T;W)4;V]L/D%D;V)E(%!H;W1O&UL;G,Z>&%P34T])VAT='`Z+R]N M&%P+S$N,"]M;2\G/@H@(#QX87!-33I$;V-U;65N=$E$ M/F%D;V)E.F1O8VED.G!H;W1O&UL;G,Z M9&,])VAT='`Z+R]P=7)L+F]R9R]D8R]E;&5M96YT&UP;65T83X*("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`* M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"CP_>'!A8VME="!E;F0] M)W$S%F+P)'*"\25#-%.2HK)C<\(U1">3H[,V M%U1D=,/2X@@F@PD*&!F$E$5&I+16TU4H&O+C\\34Y/1E=865I;7%U>7U9G:& MEJ:VQM;F]C='5V=WAY>GM\?7Y_(B8J+C(V.CX*3E)66EYB9FINGM\?7Y_(B8J+C(V.CX.4E9:7F)F:FYR=GI M^2HZ2EIJ>HJ:JKK*VNKZ_]H`#`,!``(1`Q$`/P#V=YL_,_R7Y'U?0M$\T:G' MIU_YCDDATE9@_!WB*AN4@4H@K(BU=@.3?3EL,1F+#1DR\!Y,?U?_`)R#_*O0 MM4U'1M3UL0ZCI5]:Z5?0B"=BEW>J7C0<8S6BJQ&<8<5+ M#,)2X6-^=O\`G)#\J/R\\Q7'E;S7JTEEK-JD4DT/U:XD`2X3FAY)&5Z==]LN MQ:7).'%3'QQXG!2?>2_SA_+W\P["\U'R?K46I16"&2]A59([B%`":O!(JR`= MOL]EC\R_(Q\HGSY^G+3_!_I^K^F/4_<<:\:5I7E7X>%.=? MV,@(MY[H7_.6/Y+^8O,%KY:TS5YVU*^GCM++G9W*QS32OZ:JK>G MU+?S!SMH6S,EU'IT,UZD31_:#20HR;=_BV_:IF9'32(MHGGX1R9WY$_ M,3RK^9.B?XA\G7HU'2A*UNTP22/C-&`70B5$((KX9CYXG%/@YMV.?&R42U_9 MW\*[[4RLDB5-DA2[U/A#4H*$FM1L/F,)-,1N[U#_`"^P[?K_`(81NIV:]7>A M&_SW[]NO;(R-&DG9WK"E2/E[_+#,\(4;N]2O05_'<].E<8FQ:VWZAKLM0>A! M^?7(1G9I6`^=_P`W?+_D/S-Y4\K:K9WL][YNNC9V,]K#ZD$3AD4-(Q(VK(-D MY-3]G,K%BXXR-UPM9G1'FSP3AJ<5J#OU!_5M^.4$[@=[.)N_)@$_YLV$'YNV M_P"4;:9<'4+C2VUA=4#(;<(C,I3B*M7;KF4)]LGC!D+094+>::%_ MSE)^2WF37K3RWI&OM/J=_,+>Q4VEVD(/ZLC9LCN87R\WG M'ES\\/*?F/6O.VC);WM@/(;-^F+Z^A]&V9(PW-XVJ3\)1MF56IO3,N>`QC$W M]3`Y`+\F7>5/.&A^=O+UGYI\N3F[T34%>2TN`CJ72-VC+!64-2J&FV49(&$^ M$LH3$A:V8].7PO\`_]#K?_.95^/\ M(Z3Y?GT;3-1MM4DN#]^JZQ9W44R7%G`]G')]5B9P2S_`P$KA_ MAXKP^Q\>1J.T3"5`?CY..-)QCFM_YPWN[C3/,>L>7+C2]'FN[B*>]U3S';ZE M#>ZE/<"98UC*H[UB%6^R>N[%J[2[5ADA$)TDB0?\`G+W5/,?G M6W-UY?CTJ*&:!+?ZV3++9QA3Z3?#L1U/3QPXX9?RH(_'J83-:C\=RK^1FD3^ M:_S6\]_FSY3T*70ORQN]+O+:SAFC6%;B6:)`0B`%""\HW\\[P7BV<%.I#!LQE?DA^=7Y3ZK/Y M>\A>:O)\'E3SMI+6]IIYN;&)83?0@(ACD,:RPRN?B4.J_P"OF'J<4I[@V'*T MQ$3NSC_G+[S;JWEO\IGL]%G-K=^8K^WT:2Z0E7C@G#R2<6%.)*I2O:IRCLT" M>YZ-VHE1>A?EO^5?E#\NO*ECY71B1I;B50.4DCD'E4]/#ME&I MU)XFZ,1(/,?S0_.?0_+GY0:UYO\`R5O+!9M,U>&QO'AM!Z*W$DJ+-RC94!:A M^UF5AP&>7U-63(.C'-<_.[\V_)?E*#S9YG&D17_GN:SM?(OE\@QPZ;',"SW- M_*U*@(\;,O,4+<>69(T\)9>$-0S'JOTS\Z/._DCSUY6T?S=YY\N>?/+WFNX. MGSRZ(D$-UIEVW$*["!F!B+-3DV5#3"0-`L/S)"7Q?G=^8GY@_I[S+Y5\\^6/ M)&@:9]?S)*S5O\`G*/S MG=^1ORT\W^6M/B_2NO:O=Z/KVB^GR6YNK4)&L<,A^P'+*W*K<>5/BXY+'H8R MR2CW,OS)*>7GGW\^/R]_,GR/HOYAZIH^K:#Y]NVT\V.FVGI?4)V:,421QS<) MZJ;RN;/C^8. MO7R7426B1NFEPR0V\:J0:J361@_VOB7^7>W)IXQ\0#I3BX\A'!?FR.W_`#"_ M.C\X?-/F:V_*74=+\M>3/*]W)I?Z6U.W-Y-?W<1XL5!JH0$>'0I_-M1/2C&( M&7FY)F3QUY,*\V7/YE:7_P`Y*^5[72UT_4_S+NO**6,^H2(T.F17+O*UQ=\5 M!?\`\T]-_.N^_*#\SM1T_77D MTO\`2UAJUA;"U8"JU0J``5^UVK\.863'$XK#D0F?%K\ACHOPD?Y.:N6L?/OEK1 M='A>YFT32;BS7U)X$%8XYII6VU>33-8T\1UJP0?&=QXY*,1^[MQN,GC^":_\`.-&F_F^/RDT^\T[6](?RW/H]VOE73)[2 M3U+;4!<,(&NI5(9T#!RRH/IR.M$1GW_&S=IB>%+OS"_,'\]OR:@L/,GF7SIY M>\RV1O(K;5?+5M9I:3B*;E\4;K6YK6E:[^.1G_`(F/Q_$S_P"1'X[GTEFM=N__T>V?\Y4Z M'JOFK3/+_ECRWY)7S/YHU:>6VL]GZDSR"GI.]1Q9MAP.QIFQTD MQC._)P-5`Y.6SP6;RI_SD!Y(\M^8?RDT6769_+,>J:;ID=W9VCB-[74(Y'NO MJK`?$KT;U"O/X=O"6GEZI!P*R1%/5_^<;O(6L_ECY]UGR5YE\F0_I" MTM99-*_,*T@I%:_\`\Y>:S/J^A7-SY+U+06L+F\DMI382(^GQQLGKE"@-20*-R!RR.ID- M.,=_B[1.'%DXTK_)+2O/?Y3^HWWDNZ2ZF\M:W]7G>R68PLZ4FX MF)/6A(Y*#\,Z\=^62SC%F`H/RD\A:MY0N/RJ\Q:UJ M&I7.S/J0Q0A)2T5>D=6_FKVS(RX,>0@\55Y-$"8`BN?FRC\H+'\Q M/^<<_P`MM2\T:OY.OM9U3S-K,#-Y:T]7,UI9PPR_OY!''+Q->(XT^R%!8Y7G M./4SV]/^R;\1.`55_&OUI#YKL//'_.2GYG^5=6TG\O[_`,H:7H3QRAIQN>)JG&64["OM?2G_.07Y6W/YN?ES>^6 MK"98-;AD2^TAI#Q3ZU;U"J[=@ZLR\OV>70TS5:/*,1\G8ZC'Q/,?*_\`SD)Y M^\GZ-:^6OS._+'S+-YFT]$MQ?Z59&ZMKOTUXB16V4M3KZ;29<-+"9XN+['%_ M,&`JGD@_+_\`,'_H6GSO8W/E;4[?5];\TQ:C8Z.;>1[YK:3TJMZ*\GVJ?VD:)^1^IZ1J=W)PN-3 MGT"&RM].9>1]1YR%W4M79\9?8B.W\/VLO\[Z!<:Z/R3U M+R?^7]]Y9TF#S.]YJ&C#3_JSV,(EC_?W,=N.,(=4Y5>E*^V0PY3"2V!>9@"%%$;?,72R./ M%.)-\290!Z/,/SQ_*SSM<_G5=:7Y5TVZ?RC^9\6F1>8[VWAD:V@-G=Q&9I9% M!"T2,/0_;Y$9G:7-'P[/1IGCDU_SD?\`EOYYT[S\;G\M=(N[G2_/6B0^6]9- MG`\T<`MIHD!.5[/0/S1\BW^E^>8/ M-W_...O>V\B&UN7>5OJ M\TH^!9N@*\Z$9BF0&+A!;S"Y\2/?R_KI_P"6?^ZCYVTS\Q?RTUCSM^<=_>74>B:M?0RSZ'!:%:6S+-*X2**-M_A')_A7X M\\W7F;_G)7S'Y.\OZ/Y1UG0/)6@ZDFK:[ MK6O6QL2PCH!%!$Q8LY'(;_S>V8>EK31E*!"YXJPJR[@C[643RCT?T4QQ$<7FQ3R+YI M_,4_\X]ZG^4GESRKYAT;\P]!TNXX:C-:206TBK?#G%;S.0?7,,C<44>_+,K/ MCC/+Q\5?!.+(8"N'[7GGF[RE%YB_+'3K/R!^4NM6GF;3Y+6;S5YBU*SF&HSW M>Z2)`6)GF+RMZC[(J1_:S)PD0G9E;CY(F1NGT1Y.8%NQXW_]+W MSZ8[,0/#?K_GX9'A7B:,3;_&?#Z"?\_XUQN2;#?I#L?OPTPX0WZ8W]]^_7[\ M:*\(:$8!J#OOO_K&N'=G8;*`UK_G]^"Y,*#7IJ!M0':M!38=ML8V$R(+7I`T M^+\`=QT.]0#C*RL2`N"4[_AV'2N1$*9%KTUI0;?+^G3)[L.`.].@I7;84]AX M4IC+=-@.X>!]_I.``AF)`M^F*%?V3U%*UKUK7K7&5EA8:]/KOMM3;NO2N^,; M"V&Q&HH!L`*"FVPZ#;&BM->D*4KMX4V^1I3;!16FEA"]_F>E3\AM^&2B.$4S MX@V8^503L>HIMVZY"`,3;`D->DM*'<'J.QVH:^-??)4FFA&0.-=JUZ?3M].' M=>$+_27QWV%3N:#WR-%%-\!OO]-,-%:6F,,!7L>0^?CMB;'),HVT4(%*UKU^ M?CO7#&^JQB`VT2LO$_?U_#ID8F5;L>`/&?SX_+'S)^8ESY%F\NM;J/+NOVVJ MW_UB0Q$6\+`U0A22XIL*YL=)E$#NX>7#Q/9O24D%MZ;@$"@/B.]VQJ,:9@!OA[_?N=NE*UR/J8V&A"`.*L0HJ`/8FI'A3L/`=,?4MA<$ M^D^/?'B*:"IDE?_3]^X5=@0["R=BKLB&+>%+L4.Q5V*78JUVQ").'3"L78%= MBK>*78JU@*'82EPQ2W@*'85=BK6"*7#IA*"[OB$J+_8C^:XXU"L,4-XJUBAV '*NQ5V*O_V3\_ ` end
-----END PRIVACY-ENHANCED MESSAGE-----