Unassociated Document


    Collateral Term
Sheet

    


    Sequoia Mortgage Funding
Corporation/Sequoia Residential Funding, Inc. Depositors

    


    THE DEPOSITORS HAVE FILED A REGISTRATION
STATEMENT (INCLUDING A BASE PROSPECTUS) WITH THE SECURITIES AND EXCHANGE
COMMISSION, OR SEC, FOR AN OFFERING TO WHICH THIS COMMUNICATION
RELATES.  BEFORE YOU INVEST, YOU SHOULD READ THE BASE PROSPECTUS IN
THAT REGISTRATION STATEMENT AND OTHER DOCUMENTS THE DEPOSITORS HAVE FILED WITH
THE SEC FOR MORE COMPLETE INFORMATION ABOUT THE DEPOSITORS AND ANY SUCH
OFFERING. YOU MAY OBTAIN THESE DOCUMENTS AT NO
CHARGE BY VISITING EDGAR ON THE SEC WEB SITE AT WWW.SEC.GOV. ALTERNATIVELY, THE
DEPOSITORS WILL ARRANGE TO SEND YOU THE BASE PROSPECTUS AT NO CHARGE IF YOU
REQUEST IT BY CALLING THE INVESTOR RELATIONS DEPARTMENT (COLLECT) AT (415) 389-7373.


    


    The registration statement referred to
above relates to Commission File Numbers 333-159791,
333-159791-01.

    


    The information in this term sheet is
preliminary, and is subject to completion or change.  This term sheet
is being delivered to you
for the limited purpose of providing you with preliminary information about the
characteristics of a mortgage loan pool that may back an offering of
certificates.  Delivery of this information, by itself, is not
intended to serve as the basis for an investment
decision.  More complete information regarding an offering of
certificates, if any, backed by the pool of mortgage loans described herein or
backed by a pool of mortgage loans that may include some, but not all, of the
same mortgage loans included in the pool of mortgage loans
described herein will be made available if the Depositors determine to proceed
with any such offering.  No one has been authorized to enter into a
contract of sale on the basis of this information.  Any offer to
purchase made by you will not be accepted
and will not constitute a contractual commitment by you to purchase any of the
certificates, or a contract of sale, until an underwriter or dealer
participating in any such offering has accepted your offer to
purchase certificates.

    


    No person is obligated to issue
certificates or any similar security backed by the pool of mortgage loans
described herein or backed by a portion of the mortgage loans included in the
pool of mortgage loans described herein.  You are advised that, if any such certificates are
issued, the characteristics of the mortgage loan pool described herein may
change at any time prior to issuance of certificates backed by the mortgage loan
pool or availability of a final
prospectus.      The information set forth herein will be superseded by
subsequent information, including, without limitation, information about the
pool of mortgage loans described herein to the extent it has been conveyed prior
to the time that you enter into any contract of sale.

    


    This term sheet is not required to, and
does not, contain all information that is required to be included in a
prospectus and prospectus supplement for offered certificates.


    


    This term sheet is not an offer to sell
or a solicitation of an offer to buy securities in any state where such offer,
solicitation or sale is not permitted. 


    
      
         


      

      
        i

        
          

        

      

      
         


        Preliminary
Subject to Change

      

    


    

    


    
      
        	
                Summary
      Statistics

              	 
      	 
      	 
      	 
      
	
                Top 3 Product
      Types:

              	
                5/1 ARM

              	 
      	 
      	 
      
	 
      	
                100.0%

              	 
      	 
      	 
      
	
                Total Current
      Balance:

              	
                $308,917,645

              
	
                Total Number of Mortgage
      Loans:

              	 
      	
                332

              
	
                Average Current
      Balance:

              	 
      	
                $930,475

              
	
                Maximum Current
      Balance:

              	 
      	
                $2,992,608

              
	
                Minimum Current
      Balance:

              	 
      	
                $425,681

              
	
                Weighted Average Gross
      Rate:

              	 
      	 
      	 
      	
                4.97

              
	
                Weighted Average Season
      (WALA):

              	 
      	 
      	 
      	
                2

              
	
                % 1st Lien:

              	 
      	 
      	 
      	
                100.0%

              
	
                Weighted Average Original
      LTV:

              	 
      	 
      	 
      	
                60.2

              
	
                Weighted Average Original
      CLTV:

              	 
      	 
      	 
      	
                62.5

              
	
                Weighted Average
      FICO:

              	 
      	 
      	 
      	
                768

              
	
                Minimum
    FICO:

              	 
      	 
      	 
      	
                700

              
	
                % Interest Only
      (IO):

              	 
      	 
      	 
      	
                50.9%

              
	
                % Loans with Subordinate
      Financing:

              	 
      	 
      	 
      	
                19.9%

              
	
                % Full Doc:

              	 
      	 
      	 
      	
                100.0%

              
	
                % Cashout
      Refinance:

              	 
      	 
      	 
      	
                3.6%

              
	
                % Owner
      Occupied:

              	 
      	 
      	 
      	
                93.1%

              
	
                % Investor:

              	 
      	 
      	 
      	
                0.0%

              
	
                % With Prepay Penalty:

              	 
      	 
      	 
      	
                0.0%

              
	
                Weighted Average Back
      Debt-To-Income Ratio (BDTI):

              	 
      	 
      	
                27.5

              
	
                Top 5
    States:

              	
                CA

              	
                NY

              	
                CT

              	
                IL

              	
                TX

              
	 
      	
                37.7%

              	
                17.6%

              	
                7.0%

              	
                6.0%

              	
                5.3%

              


      

    

    


    



    
      
        11/19/2009

         


      

      
        1 of 15

        
          

        

      

      
         


        Preliminary
Subject to Change

      

    


    


    Product Type
Breakdown

    


    
      
        
          	
                  Product
Type

                	
                  # of

                  Loans

                	
                  Total Current

                  Balance

                	
                  % Total

                  Current

                  Balance

                	
                  Average

                  Current

                  Balance

                	
                  Gross

                  Rate

                	
                  WALA

                	
                  % 1st

                  Lien

                	
                  Orig

                  LTV

                	
                  Orig

                  CLTV

                	
                  %

                  SF/PUD

                	
                  %

                  Condo

                	
                  % Owner

                  Occupied

                	
                  %

                  Investor

                	
                  %

                  Purchase

                	
                  %

                  Cash

                  Out

                	
                  BDTI

                	
                  FICO

                	
                  % (FICO

                  < 660)

                	
                  %

                  Full Doc

                	
                  %

                  Non-Full

                  Doc

                
	
                  5/1 ARM

                	
                  332

                	
                  308,917,645

                	
                  100.0%

                	
                  930,475

                	
                  4.97

                	
                  2

                	
                  100.0%

                	
                  60.2

                	
                  62.5

                	
                  85.7%

                	
                  7.6%

                	
                  93.1%

                	
                  0.0%

                	
                  31.4%

                	
                  3.6%

                	
                  27.5

                	
                  768

                	
                  0.0%

                	
                  100.0%

                	
                  0.0%

                
	
                  Total:

                	
                  332

                	
                  308,917,645

                	
                  100.0%

                	
                  930,475

                	
                  4.97

                	
                  2

                	
                  100.0%

                	
                  60.2

                	
                  62.5

                	
                  85.7%

                	
                  7.6%

                	
                  93.1%

                	
                  0.0%

                	
                  31.4%

                	
                  3.6%

                	
                  27.5

                	
                  768

                	
                  0.0%

                	
                  100.0%

                	
                  0.0%

                


        

      

    

    


    Documentation
Breakdown

    


    
      
        
          	
                  Documentation

                	
                  # of

                  Loans

                	
                  Total Current

                  Balance

                	
                  % Total

                  Current

                  Balance

                	
                  Average

                  Current

                  Balance

                	
                  Gross

                  Rate

                	
                  WALA

                	
                  % 1st

                  Lien

                	
                  Orig

                  LTV

                	
                  Orig

                  CLTV

                	
                  %

                  SF/PUD

                	
                  %

                  Condo

                	
                  % Owner

                  Occupied

                	
                  %

                  Investor

                	
                  %

                  Purchase

                	
                  %

                  Cash

                  Out

                	
                  BDTI

                	
                  FICO

                	
                  % (FICO

                  < 660)

                	
                  %

                  Full Doc

                	
                  %

                  Non-Full

                  Doc

                
	
                  Full

                	
                  332

                	
                  308,917,645

                	
                  100.0%

                	
                  930,475

                	
                  4.97

                	
                  2

                	
                  100.0%

                	
                  60.2

                	
                  62.5

                	
                  85.7%

                	
                  7.6%

                	
                  93.1%

                	
                  0.0%

                	
                  31.4%

                	
                  3.6%

                	
                  27.5

                	
                  768

                	
                  0.0%

                	
                  100.0%

                	
                  0.0%

                
	
                  Total:

                	
                  332

                	
                  308,917,645

                	
                  100.0%

                	
                  930,475

                	
                  4.97

                	
                  2

                	
                  100.0%

                	
                  60.2

                	
                  62.5

                	
                  85.7%

                	
                  7.6%

                	
                  93.1%

                	
                  0.0%

                	
                  31.4%

                	
                  3.6%

                	
                  27.5

                	
                  768

                	
                  0.0%

                	
                  100.0%

                	
                  0.0%

                


        

      

    

    


    FICO Range
Breakdown

    


    
      
        
          
            	
                    FICO Range

                  	
                    # of

                    Loans

                  	
                    Total Current

                    Balance

                  	
                    % Total

                    Current

                    Balance

                  	
                    Average

                    Current

                    Balance

                  	
                    Gross

                    Rate

                  	
                    WALA

                  	
                    % 1st

                    Lien

                  	
                    Orig

                    LTV

                  	
                    Orig

                    CLTV

                  	
                    %

                    SF/PUD

                  	
                    %

                    Condo

                  	
                    % Owner

                    Occupied

                  	
                    %

                    Investor

                  	
                    %

                    Purchase

                  	
                    %

                    Cash

                    Out

                  	
                    BDTI

                  	
                    FICO

                  	
                    % (FICO

                    < 660)

                  	
                    %

                    Full Doc

                  	
                    %

                    Non-Full

                    Doc

                  
	
                    676-700

                  	
                    1

                  	
                    1,405,794

                  	
                    0.5%

                  	
                    1,405,794

                  	
                    5.50

                  	
                    7

                  	
                    100.0%

                  	
                    70.0

                  	
                    69.8

                  	
                    100.0%

                  	
                    0.0%

                  	
                    100.0%

                  	
                    0.0%

                  	
                    100.0%

                  	
                    0.0%

                  	
                    9.9

                  	
                    700

                  	
                    0.0%

                  	
                    100.0%

                  	
                    0.0%

                  
	
                    701-725

                  	
                    25

                  	
                    21,467,981

                  	
                    6.9%

                  	
                    858,719

                  	
                    5.05

                  	
                    2

                  	
                    100.0%

                  	
                    62.1

                  	
                    63.4

                  	
                    94.9%

                  	
                    0.0%

                  	
                    85.4%

                  	
                    0.0%

                  	
                    45.4%

                  	
                    5.1%

                  	
                    28.6

                  	
                    716

                  	
                    0.0%

                  	
                    100.0%

                  	
                    0.0%

                  
	
                    726-750

                  	
                    53

                  	
                    56,293,752

                  	
                    18.2%

                  	
                    1,062,146

                  	
                    4.98

                  	
                    2

                  	
                    100.0%

                  	
                    56.4

                  	
                    59.6

                  	
                    85.4%

                  	
                    4.5%

                  	
                    81.9%

                  	
                    0.0%

                  	
                    24.3%

                  	
                    2.7%

                  	
                    28.7

                  	
                    739

                  	
                    0.0%

                  	
                    100.0%

                  	
                    0.0%

                  
	
                    751-775

                  	
                    91

                  	
                    88,105,706

                  	
                    28.5%

                  	
                    968,195

                  	
                    5.02

                  	
                    2

                  	
                    100.0%

                  	
                    59.2

                  	
                    61.9

                  	
                    80.0%

                  	
                    9.8%

                  	
                    95.7%

                  	
                    0.0%

                  	
                    36.2%

                  	
                    2.8%

                  	
                    28.2

                  	
                    764

                  	
                    0.0%

                  	
                    100.0%

                  	
                    0.0%

                  
	
                    776-800

                  	
                    139

                  	
                    120,702,114

                  	
                    39.1%

                  	
                    868,361

                  	
                    4.91

                  	
                    2

                  	
                    100.0%

                  	
                    62.5

                  	
                    64.6

                  	
                    86.2%

                  	
                    9.7%

                  	
                    97.3%

                  	
                    0.0%

                  	
                    29.7%

                  	
                    5.0%

                  	
                    26.2

                  	
                    787

                  	
                    0.0%

                  	
                    100.0%

                  	
                    0.0%

                  
	
                    801-825

                  	
                    23

                  	
                    20,942,297

                  	
                    6.8%

                  	
                    910,535

                  	
                    4.95

                  	
                    2

                  	
                    100.0%

                  	
                    58.4

                  	
                    59.7

                  	
                    97.3%

                  	
                    2.7%

                  	
                    96.0%

                  	
                    0.0%

                  	
                    21.2%

                  	
                    0.0%

                  	
                    29.7

                  	
                    807

                  	
                    0.0%

                  	
                    100.0%

                  	
                    0.0%

                  
	
                    Total:

                  	
                    332

                  	
                    308,917,645

                  	
                    100.0%

                  	
                    930,475

                  	
                    4.97

                  	
                    2

                  	
                    100.0%

                  	
                    60.2

                  	
                    62.5

                  	
                    85.7%

                  	
                    7.6%

                  	
                    93.1%

                  	
                    0.0%

                  	
                    31.4%

                  	
                    3.6%

                  	
                    27.5

                  	
                    768

                  	
                    0.0%

                  	
                    100.0%

                  	
                    0.0%

                  


          

        

      

    

    


    



    
      
        11/19/2009

         


      

      
        2 of 15

        
          

        

      

      
         


        Preliminary
Subject to Change

      

    


    


    Property Type
Breakdown

    


    
      
        	
                Property
    Type

              	
                # of

                Loans

              	
                Total Current

                Balance

              	
                % Total

                Current

                Balance

              	
                Average

                Current

                Balance

              	
                Gross

                Rate

              	
                WALA

              	
                % 1st

                Lien

              	
                Orig

                LTV

              	
                Orig

                CLTV

              	
                %

                SF/PUD

              	
                %

                Condo

              	
                % Owner

                Occupied

              	
                %

                Investor

              	
                %

                Purchase

              	
                %

                Cash

                Out

              	
                BDTI

              	
                FICO

              	
                % (FICO

                < 660)

              	
                %

                Full Doc

              	
                %

                Non-Full

                Doc

              
	
                Single
    Family

              	
                192

              	
                186,960,403

              	
                60.5%

              	
                973,752

              	
                4.96

              	
                2

              	
                100.0%

              	
                59.4

              	
                62.3

              	
                100.0%

              	
                0.0%

              	
                91.9%

              	
                0.0%

              	
                29.7%

              	
                4.2%

              	
                26.8

              	
                766

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                PUD

              	
                93

              	
                77,720,353

              	
                25.2%

              	
                835,703

              	
                4.95

              	
                2

              	
                100.0%

              	
                64.8

              	
                66.5

              	
                100.0%

              	
                0.0%

              	
                93.5%

              	
                0.0%

              	
                43.1%

              	
                1.3%

              	
                29.4

              	
                771

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Co-op

              	
                19

              	
                19,346,088

              	
                6.3%

              	
                1,018,215

              	
                5.14

              	
                2

              	
                100.0%

              	
                52.2

              	
                53.4

              	
                0.0%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                11.6%

              	
                9.6%

              	
                28.7

              	
                759

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Condo

              	
                26

              	
                23,427,801

              	
                7.6%

              	
                901,069

              	
                4.91

              	
                2

              	
                100.0%

              	
                58.1

              	
                59.5

              	
                0.0%

              	
                100.0%

              	
                95.8%

              	
                0.0%

              	
                20.3%

              	
                0.0%

              	
                25.7

              	
                775

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                2-4 Family

              	
                2

              	
                1,463,000

              	
                0.5%

              	
                731,500

              	
                5.04

              	
                0

              	
                100.0%

              	
                52.9

              	
                56.5

              	
                0.0%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                68.4%

              	
                31.6%

              	
                34.6

              	
                767

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Total:

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              


      

    

    


    Occupancy
Breakdown

    


    
      
        	
                Occupancy

              	
                # of

                Loans

              	
                Total Current

                Balance

              	
                % Total

                Current

                Balance

              	
                Average

                Current

                Balance

              	
                Gross

                Rate

              	
                WALA

              	
                % 1st

                Lien

              	
                Orig

                LTV

              	
                Orig

                CLTV

              	
                %

                SF/PUD

              	
                %

                Condo

              	
                % Owner

                Occupied

              	
                %

                Investor

              	
                %

                Purchase

              	
                %

                Cash

                Out

              	
                BDTI

              	
                FICO

              	
                % (FICO

                < 660)

              	
                %

                Full Doc

              	
                %

                Non-Full

                Doc

              
	
                Primary

              	
                317

              	
                287,753,030

              	
                93.1%

              	
                907,738

              	
                4.96

              	
                2

              	
                100.0%

              	
                60.8

              	
                63.2

              	
                85.0%

              	
                7.8%

              	
                100.0%

              	
                0.0%

              	
                30.7%

              	
                3.9%

              	
                27.6

              	
                769

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Secondary
    Home

              	
                15

              	
                21,164,615

              	
                6.9%

              	
                1,410,974

              	
                5.02

              	
                3

              	
                100.0%

              	
                52.3

              	
                53.8

              	
                95.3%

              	
                4.7%

              	
                0.0%

              	
                0.0%

              	
                41.6%

              	
                0.0%

              	
                26.5

              	
                749

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Total:

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              


      

    

    


    Purpose
Breakdown

    


    


    
      
        	
                Purpose

              	
                # of

                Loans

              	
                Total Current

                Balance

              	
                % Total

                Current

                Balance

              	
                Average

                Current

                Balance

              	
                Gross

                Rate

              	
                WALA

              	
                % 1st

                Lien

              	
                Orig

                LTV

              	
                Orig

                CLTV

              	
                %

                SF/PUD

              	
                %

                Condo

              	
                % Owner

                Occupied

              	
                %

                Investor

              	
                %

                Purchase

              	
                %

                Cash

                Out

              	
                BDTI

              	
                FICO

              	
                % (FICO

                < 660)

              	
                %

                Full Doc

              	
                %

                Non-Full

                Doc

              
	
                Cash Out
    Refi

              	
                11

              	
                11,080,069

              	
                3.6%

              	
                1,007,279

              	
                4.95

              	
                2

              	
                100.0%

              	
                47.2

              	
                51.7

              	
                79.1%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                0.0%

              	
                100.0%

              	
                23.5

              	
                767

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Purchase

              	
                108

              	
                97,055,325

              	
                31.4%

              	
                898,660

              	
                5.07

              	
                2

              	
                100.0%

              	
                69.1

              	
                69.3

              	
                91.8%

              	
                4.9%

              	
                90.9%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                27.5

              	
                765

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Rate Term
    Refi

              	
                213

              	
                200,782,251

              	
                65.0%

              	
                942,640

              	
                4.92

              	
                2

              	
                100.0%

              	
                56.6

              	
                59.9

              	
                83.1%

              	
                9.3%

              	
                93.8%

              	
                0.0%

              	
                0.0%

              	
                0.0%

              	
                27.8

              	
                769

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Total:

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              


      

    

    


    



    
      
        11/19/2009

         


      

      
        3 of 15

        
          

        

      

      
         


        Preliminary
Subject to Change

      

    


    


    Original LTV
Breakdown

    


    
      
        	
                Original
LTV

              	
                # of

                Loans

              	
                Total Current

                Balance

              	
                % Total

                Current

                Balance

              	
                Average

                Current

                Balance

              	
                Gross

                Rate

              	
                WALA

              	
                % 1st

                Lien

              	
                Orig

                LTV

              	
                Orig

                CLTV

              	
                %

                SF/PUD

              	
                %

                Condo

              	
                % Owner

                Occupied

              	
                %

                Investor

              	
                %

                Purchase

              	
                %

                Cash

                Out

              	
                BDTI

              	
                FICO

              	
                % (FICO

                < 660)

              	
                %

                Full Doc

              	
                %

                Non-Full

                Doc

              
	
                15.01-20.00

              	
                1

              	
                722,000

              	
                0.2%

              	
                722,000

              	
                4.88

              	
                1

              	
                100.0%

              	
                19.4

              	
                33.1

              	
                100.0%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                0.0%

              	
                0.0%

              	
                27.4

              	
                759

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                20.01-25.00

              	
                2

              	
                1,637,100

              	
                0.5%

              	
                818,550

              	
                5.15

              	
                2

              	
                100.0%

              	
                24.3

              	
                27.3

              	
                54.2%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                0.0%

              	
                45.8%

              	
                24.1

              	
                741

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                25.01-30.00

              	
                10

              	
                10,391,760

              	
                3.4%

              	
                1,039,176

              	
                4.83

              	
                2

              	
                100.0%

              	
                28.0

              	
                30.2

              	
                67.8%

              	
                21.6%

              	
                82.7%

              	
                0.0%

              	
                0.0%

              	
                10.6%

              	
                18.0

              	
                761

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                30.01-35.00

              	
                6

              	
                5,182,153

              	
                1.7%

              	
                863,692

              	
                4.74

              	
                3

              	
                100.0%

              	
                33.2

              	
                40.1

              	
                100.0%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                19.2%

              	
                0.0%

              	
                28.0

              	
                774

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                35.01-40.00

              	
                14

              	
                14,448,577

              	
                4.7%

              	
                1,032,041

              	
                5.13

              	
                3

              	
                100.0%

              	
                36.5

              	
                41.2

              	
                72.1%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                9.7%

              	
                7.6%

              	
                27.2

              	
                776

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                40.01-45.00

              	
                25

              	
                25,058,614

              	
                8.1%

              	
                1,002,345

              	
                4.76

              	
                2

              	
                100.0%

              	
                43.1

              	
                47.7

              	
                85.1%

              	
                11.2%

              	
                86.2%

              	
                0.0%

              	
                6.0%

              	
                3.0%

              	
                30.2

              	
                763

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                45.01-50.00

              	
                24

              	
                28,089,088

              	
                9.1%

              	
                1,170,379

              	
                4.96

              	
                2

              	
                100.0%

              	
                47.8

              	
                52.5

              	
                86.3%

              	
                10.1%

              	
                82.3%

              	
                0.0%

              	
                16.1%

              	
                10.0%

              	
                24.0

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                50.01-55.00

              	
                21

              	
                22,211,232

              	
                7.2%

              	
                1,057,678

              	
                4.93

              	
                2

              	
                100.0%

              	
                52.8

              	
                58.3

              	
                86.9%

              	
                3.9%

              	
                84.1%

              	
                0.0%

              	
                23.4%

              	
                6.3%

              	
                26.1

              	
                751

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                55.01-60.00

              	
                40

              	
                39,707,170

              	
                12.9%

              	
                992,679

              	
                4.95

              	
                2

              	
                100.0%

              	
                57.9

              	
                61.1

              	
                89.4%

              	
                3.8%

              	
                94.9%

              	
                0.0%

              	
                26.5%

              	
                6.2%

              	
                28.3

              	
                772

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                60.01-65.00

              	
                29

              	
                28,110,249

              	
                9.1%

              	
                969,319

              	
                5.07

              	
                2

              	
                100.0%

              	
                63.1

              	
                64.1

              	
                63.3%

              	
                19.9%

              	
                89.5%

              	
                0.0%

              	
                18.2%

              	
                2.5%

              	
                28.0

              	
                763

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                65.01-70.00

              	
                52

              	
                50,022,790

              	
                16.2%

              	
                961,977

              	
                4.98

              	
                2

              	
                100.0%

              	
                68.7

              	
                69.7

              	
                89.8%

              	
                5.7%

              	
                96.8%

              	
                0.0%

              	
                35.2%

              	
                0.0%

              	
                26.7

              	
                766

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                70.01-75.00

              	
                34

              	
                32,853,552

              	
                10.6%

              	
                966,281

              	
                5.00

              	
                2

              	
                100.0%

              	
                74.0

              	
                74.3

              	
                90.7%

              	
                7.7%

              	
                97.4%

              	
                0.0%

              	
                44.9%

              	
                0.0%

              	
                26.9

              	
                776

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                75.01-80.00

              	
                74

              	
                50,483,361

              	
                16.3%

              	
                682,208

              	
                5.01

              	
                3

              	
                100.0%

              	
                79.4

              	
                79.4

              	
                94.2%

              	
                4.4%

              	
                100.0%

              	
                0.0%

              	
                70.3%

              	
                0.0%

              	
                31.3

              	
                771

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Total:

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              


      

    

    


    



    
      
        11/19/2009

         


      

      
        4 of 15

        
          

        

      

      
         


        Preliminary
Subject to Change

      

    


    


    Original CLTV
Breakdown

    


    
      
        	
                CLTV Band

              	
                # of

                Loans

              	
                Total Current

                Balance

              	
                % Total

                Current

                Balance

              	
                Average

                Current

                Balance

              	
                Gross

                Rate

              	
                WALA

              	
                % 1st

                Lien

              	
                Orig

                LTV

              	
                Orig

                CLTV

              	
                %

                SF/PUD

              	
                %

                Condo

              	
                % Owner

                Occupied

              	
                %

                Investor

              	
                %

                Purchase

              	
                %

                Cash

                Out

              	
                BDTI

              	
                FICO

              	
                % (FICO

                < 660)

              	
                %

                Full Doc

              	
                %

                Non-Full

                Doc

              
	
                20.01-25.00

              	
                1

              	
                887,100

              	
                0.3%

              	
                887,100

              	
                4.75

              	
                1

              	
                100.0%

              	
                24.0

              	
                24.0

              	
                100.0%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                0.0%

              	
                0.0%

              	
                7.4

              	
                753

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                25.01-30.00

              	
                8

              	
                7,896,298

              	
                2.6%

              	
                987,037

              	
                4.87

              	
                2

              	
                100.0%

              	
                28.3

              	
                28.3

              	
                57.7%

              	
                28.4%

              	
                100.0%

              	
                0.0%

              	
                0.0%

              	
                13.9%

              	
                20.0

              	
                763

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                30.01-35.00

              	
                6

              	
                6,312,513

              	
                2.0%

              	
                1,052,086

              	
                4.82

              	
                3

              	
                100.0%

              	
                29.2

              	
                33.4

              	
                88.1%

              	
                0.0%

              	
                71.6%

              	
                0.0%

              	
                15.8%

              	
                11.9%

              	
                23.4

              	
                762

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                35.01-40.00

              	
                9

              	
                9,354,427

              	
                3.0%

              	
                1,039,381

              	
                5.12

              	
                3

              	
                100.0%

              	
                36.1

              	
                36.4

              	
                56.9%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                15.0%

              	
                0.0%

              	
                28.9

              	
                773

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                40.01-45.00

              	
                23

              	
                22,429,271

              	
                7.3%

              	
                975,186

              	
                4.79

              	
                2

              	
                100.0%

              	
                41.5

              	
                43.0

              	
                83.3%

              	
                12.6%

              	
                84.6%

              	
                0.0%

              	
                6.7%

              	
                3.3%

              	
                27.6

              	
                761

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                45.01-50.00

              	
                15

              	
                18,234,787

              	
                5.9%

              	
                1,215,652

              	
                4.91

              	
                3

              	
                100.0%

              	
                47.9

              	
                47.9

              	
                85.2%

              	
                9.3%

              	
                83.6%

              	
                0.0%

              	
                15.5%

              	
                6.7%

              	
                26.3

              	
                774

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                50.01-55.00

              	
                18

              	
                20,956,176

              	
                6.8%

              	
                1,164,232

              	
                4.97

              	
                3

              	
                100.0%

              	
                49.2

              	
                53.2

              	
                100.0%

              	
                0.0%

              	
                83.2%

              	
                0.0%

              	
                28.1%

              	
                11.9%

              	
                26.7

              	
                759

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                55.01-60.00

              	
                34

              	
                35,416,876

              	
                11.5%

              	
                1,041,673

              	
                4.96

              	
                2

              	
                100.0%

              	
                56.8

              	
                57.8

              	
                85.3%

              	
                4.3%

              	
                88.7%

              	
                0.0%

              	
                32.5%

              	
                6.9%

              	
                29.7

              	
                769

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                60.01-65.00

              	
                37

              	
                36,103,044

              	
                11.7%

              	
                975,758

              	
                5.03

              	
                2

              	
                100.0%

              	
                58.6

              	
                63.2

              	
                63.0%

              	
                21.1%

              	
                91.8%

              	
                0.0%

              	
                14.1%

              	
                6.4%

              	
                27.0

              	
                765

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                65.01-70.00

              	
                49

              	
                48,722,401

              	
                15.8%

              	
                994,335

              	
                4.97

              	
                2

              	
                100.0%

              	
                66.8

              	
                68.7

              	
                92.4%

              	
                3.9%

              	
                96.7%

              	
                0.0%

              	
                34.9%

              	
                0.0%

              	
                26.5

              	
                766

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                70.01-75.00

              	
                45

              	
                42,207,653

              	
                13.7%

              	
                937,948

              	
                4.97

              	
                2

              	
                100.0%

              	
                70.1

              	
                73.6

              	
                92.7%

              	
                6.0%

              	
                98.0%

              	
                0.0%

              	
                32.9%

              	
                0.0%

              	
                26.6

              	
                773

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                75.01-80.00

              	
                87

              	
                60,397,099

              	
                19.6%

              	
                694,220

              	
                5.01

              	
                2

              	
                100.0%

              	
                77.0

              	
                79.3

              	
                92.8%

              	
                5.2%

              	
                100.0%

              	
                0.0%

              	
                61.1%

              	
                0.0%

              	
                30.2

              	
                771

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Total:

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              


      

    

    


    



    
      
        11/19/2009

         


      

      
        5 of 15

        
          

        

      

      
         


        Preliminary
Subject to Change

      

    


    


    WALA Range
Breakdown

    


    
      
        	
                WALA Range

              	
                # of

                Loans

              	
                Total Current

                Balance

              	
                % Total

                Current

                Balance

              	
                Average

                Current

                Balance

              	
                Gross

                Rate

              	
                WALA

              	
                % 1st

                Lien

              	
                Orig

                LTV

              	
                Orig

                CLTV

              	
                %

                SF/PUD

              	
                %

                Condo

              	
                % Owner

                Occupied

              	
                %

                Investor

              	
                %

                Purchase

              	
                %

                Cash

                Out

              	
                BDTI

              	
                FICO

              	
                % (FICO

                < 660)

              	
                %

                Full Doc

              	
                %

                Non-Full

                Doc

              
	
                0 - 3

              	
                272

              	
                252,646,337

              	
                81.8%

              	
                928,847

              	
                4.92

              	
                2

              	
                100.0%

              	
                59.9

              	
                62.5

              	
                84.6%

              	
                8.0%

              	
                94.2%

              	
                0.0%

              	
                28.8%

              	
                3.4%

              	
                27.7

              	
                767

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                4 - 6

              	
                56

              	
                50,079,229

              	
                16.2%

              	
                894,272

              	
                5.10

              	
                4

              	
                100.0%

              	
                61.8

              	
                63.5

              	
                93.8%

              	
                6.2%

              	
                87.1%

              	
                0.0%

              	
                45.8%

              	
                5.2%

              	
                26.4

              	
                774

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                7 - 9

              	
                4

              	
                6,192,078

              	
                2.0%

              	
                1,548,020

              	
                5.69

              	
                7

              	
                100.0%

              	
                56.4

              	
                56.4

              	
                65.8%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                22.7%

              	
                0.0%

              	
                29.9

              	
                737

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Total:

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              


      

    

    


    



    
      
        11/19/2009

         


      

      
        6 of 15

        
          

        

      

      
         


        Preliminary
Subject to Change

      

    


    


    Current
Balance
Breakdown

    


    
      
        	
                Current
    Balance

              	
                # of

                Loans

              	
                Total Current

                Balance

              	
                % Total

                Current

                Balance

              	
                Average

                Current

                Balance

              	
                Gross

                Rate

              	
                WALA

              	
                % 1st

                Lien

              	
                Orig

                LTV

              	
                Orig

                CLTV

              	
                %

                SF/PUD

              	
                %

                Condo

              	
                % Owner

                Occupied

              	
                %

                Investor

              	
                %

                Purchase

              	
                %

                Cash

                Out

              	
                BDTI

              	
                FICO

              	
                % (FICO

                < 660)

              	
                %

                Full Doc

              	
                %

                Non-Full

                Doc

              
	
                400,001-500,000

              	
                18

              	
                8,433,293

              	
                2.7%

              	
                468,516

              	
                5.12

              	
                2

              	
                100.0%

              	
                68.2

              	
                70.2

              	
                88.9%

              	
                0.0%

              	
                89.4%

              	
                0.0%

              	
                55.1%

              	
                5.5%

              	
                30.7

              	
                776

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                500,001-600,000

              	
                33

              	
                17,995,289

              	
                5.8%

              	
                545,312

              	
                4.99

              	
                2

              	
                100.0%

              	
                70.4

              	
                72.0

              	
                90.9%

              	
                6.1%

              	
                100.0%

              	
                0.0%

              	
                48.0%

              	
                0.0%

              	
                29.6

              	
                762

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                600,001-700,000

              	
                39

              	
                25,702,190

              	
                8.3%

              	
                659,031

              	
                4.89

              	
                2

              	
                100.0%

              	
                64.4

              	
                68.7

              	
                84.4%

              	
                15.6%

              	
                100.0%

              	
                0.0%

              	
                36.4%

              	
                0.0%

              	
                25.8

              	
                772

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                700,001-800,000

              	
                48

              	
                35,960,977

              	
                11.6%

              	
                749,187

              	
                4.97

              	
                2

              	
                100.0%

              	
                64.0

              	
                65.9

              	
                93.8%

              	
                2.1%

              	
                97.9%

              	
                0.0%

              	
                21.4%

              	
                6.1%

              	
                27.7

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                800,001-900,000

              	
                43

              	
                36,510,875

              	
                11.8%

              	
                849,090

              	
                4.97

              	
                2

              	
                100.0%

              	
                61.3

              	
                64.0

              	
                78.8%

              	
                14.2%

              	
                97.7%

              	
                0.0%

              	
                30.1%

              	
                0.0%

              	
                27.5

              	
                775

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                900,001-1,000,000

              	
                58

              	
                56,281,740

              	
                18.2%

              	
                970,375

              	
                4.94

              	
                2

              	
                100.0%

              	
                58.4

              	
                61.3

              	
                81.0%

              	
                8.6%

              	
                98.2%

              	
                0.0%

              	
                24.1%

              	
                3.5%

              	
                29.8

              	
                773

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                1,000,001-1,100,000

              	
                17

              	
                18,195,737

              	
                5.9%

              	
                1,070,337

              	
                4.91

              	
                2

              	
                100.0%

              	
                56.0

              	
                60.7

              	
                82.4%

              	
                5.7%

              	
                100.0%

              	
                0.0%

              	
                17.8%

              	
                6.0%

              	
                26.8

              	
                758

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                1,100,001-1,200,000

              	
                22

              	
                25,420,986

              	
                8.2%

              	
                1,155,499

              	
                4.77

              	
                2

              	
                100.0%

              	
                60.0

              	
                61.1

              	
                86.5%

              	
                9.1%

              	
                95.5%

              	
                0.0%

              	
                40.8%

              	
                4.3%

              	
                22.0

              	
                763

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                1,200,001-1,300,000

              	
                11

              	
                13,693,572

              	
                4.4%

              	
                1,244,870

              	
                4.87

              	
                2

              	
                100.0%

              	
                54.5

              	
                57.8

              	
                82.1%

              	
                8.8%

              	
                90.5%

              	
                0.0%

              	
                36.7%

              	
                8.9%

              	
                22.4

              	
                771

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                1,300,001-1,400,000

              	
                9

              	
                12,271,388

              	
                4.0%

              	
                1,363,488

              	
                5.13

              	
                2

              	
                100.0%

              	
                64.1

              	
                65.2

              	
                89.2%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                44.4%

              	
                0.0%

              	
                23.3

              	
                778

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                1,400,001-1,500,000

              	
                14

              	
                20,569,364

              	
                6.7%

              	
                1,469,240

              	
                4.94

              	
                2

              	
                100.0%

              	
                56.2

              	
                56.2

              	
                78.4%

              	
                14.4%

              	
                85.4%

              	
                0.0%

              	
                35.5%

              	
                6.8%

              	
                27.3

              	
                755

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                1,500,001-1,600,000

              	
                3

              	
                4,707,232

              	
                1.5%

              	
                1,569,077

              	
                5.25

              	
                2

              	
                100.0%

              	
                57.7

              	
                63.3

              	
                100.0%

              	
                0.0%

              	
                66.2%

              	
                0.0%

              	
                33.8%

              	
                33.8%

              	
                17.3

              	
                775

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                1,600,001-1,700,000

              	
                4

              	
                6,619,830

              	
                2.1%

              	
                1,654,957

              	
                5.10

              	
                2

              	
                100.0%

              	
                61.5

              	
                61.6

              	
                100.0%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                50.6%

              	
                0.0%

              	
                29.3

              	
                785

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                1,700,001-1,800,000

              	
                1

              	
                1,795,462

              	
                0.6%

              	
                1,795,462

              	
                4.75

              	
                2

              	
                100.0%

              	
                27.7

              	
                33.1

              	
                100.0%

              	
                0.0%

              	
                0.0%

              	
                0.0%

              	
                0.0%

              	
                0.0%

              	
                11.2

              	
                741

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                1,800,001-1,900,000

              	
                2

              	
                3,719,000

              	
                1.2%

              	
                1,859,500

              	
                4.82

              	
                3

              	
                100.0%

              	
                53.7

              	
                53.7

              	
                100.0%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                0.0%

              	
                0.0%

              	
                31.9

              	
                786

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                1,900,001-2,000,000

              	
                7

              	
                13,733,103

              	
                4.4%

              	
                1,961,872

              	
                5.29

              	
                4

              	
                100.0%

              	
                57.8

              	
                59.5

              	
                100.0%

              	
                0.0%

              	
                57.3%

              	
                0.0%

              	
                42.8%

              	
                0.0%

              	
                34.9

              	
                749

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                2,100,001-2,200,000

              	
                2

              	
                4,315,000

              	
                1.4%

              	
                2,157,500

              	
                5.31

              	
                4

              	
                100.0%

              	
                39.3

              	
                39.3

              	
                51.0%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                0.0%

              	
                0.0%

              	
                41.9

              	
                743

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                2,900,001-3,000,000

              	
                1

              	
                2,992,608

              	
                1.0%

              	
                2,992,608

              	
                4.88

              	
                3

              	
                100.0%

              	
                48.4

              	
                48.4

              	
                100.0%

              	
                0.0%

              	
                0.0%

              	
                0.0%

              	
                0.0%

              	
                0.0%

              	
                32.8

              	
                742

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Total:

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              


      

    

    


    



    
      
        11/19/2009

         


      

      
        7 of 15

        
          

        

      

      
         


        Preliminary
Subject to Change

      

    


    


    Back Debt-to-Income Ratio
(BDTI) Range Breakdown

    


    
      
        	
                BDTI Range

              	
                # of

                Loans

              	
                Total Current

                Balance

              	
                % Total

                Current

                Balance

              	
                Average

                Current

                Balance

              	
                Gross

                Rate

              	
                WALA

              	
                % 1st

                Lien

              	
                Orig

                LTV

              	
                Orig

                CLTV

              	
                %

                SF/PUD

              	
                %

                Condo

              	
                % Owner

                Occupied

              	
                %

                Investor

              	
                %

                Purchase

              	
                %

                Cash

                Out

              	
                BDTI

              	
                FICO

              	
                % (FICO

                < 660)

              	
                %

                Full Doc

              	
                %

                Non-Full

                Doc

              
	
                < 5.00

              	
                3

              	
                2,695,756

              	
                0.9%

              	
                898,585

              	
                4.63

              	
                2

              	
                100.0%

              	
                43.8

              	
                52.4

              	
                100.0%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                0.0%

              	
                0.0%

              	
                4.6

              	
                770

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                5.00-10.00

              	
                16

              	
                16,125,029

              	
                5.2%

              	
                1,007,814

              	
                4.89

              	
                2

              	
                100.0%

              	
                53.6

              	
                56.1

              	
                78.2%

              	
                14.9%

              	
                90.7%

              	
                0.0%

              	
                36.9%

              	
                9.9%

              	
                7.6

              	
                765

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                10.01-15.00

              	
                30

              	
                27,426,987

              	
                8.9%

              	
                914,233

              	
                4.89

              	
                2

              	
                100.0%

              	
                56.4

              	
                60.1

              	
                84.3%

              	
                7.3%

              	
                86.0%

              	
                0.0%

              	
                34.9%

              	
                0.0%

              	
                13.2

              	
                770

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                15.01-20.00

              	
                34

              	
                31,379,953

              	
                10.2%

              	
                922,940

              	
                4.93

              	
                2

              	
                100.0%

              	
                58.1

              	
                61.1

              	
                78.0%

              	
                11.1%

              	
                96.3%

              	
                0.0%

              	
                26.7%

              	
                7.4%

              	
                17.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                20.01-25.00

              	
                45

              	
                41,555,433

              	
                13.5%

              	
                923,454

              	
                4.93

              	
                2

              	
                100.0%

              	
                62.4

              	
                62.9

              	
                88.7%

              	
                8.0%

              	
                100.0%

              	
                0.0%

              	
                37.4%

              	
                5.8%

              	
                22.2

              	
                773

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                25.01-30.00

              	
                56

              	
                50,672,912

              	
                16.4%

              	
                904,873

              	
                4.92

              	
                2

              	
                100.0%

              	
                60.5

              	
                63.3

              	
                91.3%

              	
                5.9%

              	
                93.6%

              	
                0.0%

              	
                27.9%

              	
                5.0%

              	
                27.4

              	
                766

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                30.01-35.00

              	
                52

              	
                48,615,954

              	
                15.7%

              	
                934,922

              	
                5.07

              	
                2

              	
                100.0%

              	
                62.8

              	
                65.9

              	
                88.3%

              	
                7.6%

              	
                83.1%

              	
                0.0%

              	
                35.6%

              	
                0.0%

              	
                32.3

              	
                762

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                35.01-40.00

              	
                56

              	
                51,953,308

              	
                16.8%

              	
                927,738

              	
                4.93

              	
                2

              	
                100.0%

              	
                62.1

              	
                63.7

              	
                85.6%

              	
                5.7%

              	
                98.6%

              	
                0.0%

              	
                24.7%

              	
                1.4%

              	
                37.5

              	
                769

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                40.01-45.00

              	
                40

              	
                38,492,313

              	
                12.5%

              	
                962,308

              	
                5.12

              	
                2

              	
                100.0%

              	
                59.6

              	
                61.6

              	
                81.1%

              	
                6.7%

              	
                93.5%

              	
                0.0%

              	
                34.7%

              	
                3.9%

              	
                42.4

              	
                769

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Total:

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              


      

    

    


    



    
      
        11/19/2009

         


      

      
        8 of 15

        
          

        

      

      
         


        Preliminary
Subject to Change

      

    


    


    Interest Only Term
Breakdown

    


    
      
        	
                IO Term

              	
                # of

                Loans

              	
                Total Current

                Balance

              	
                % Total

                Current

                Balance

              	
                Average

                Current

                Balance

              	
                Gross

                Rate

              	
                WALA

              	
                % 1st

                Lien

              	
                Orig

                LTV

              	
                Orig

                CLTV

              	
                %

                SF/PUD

              	
                %

                Condo

              	
                % Owner

                Occupied

              	
                %

                Investor

              	
                %

                Purchase

              	
                %

                Cash

                Out

              	
                BDTI

              	
                FICO

              	
                % (FICO

                < 660)

              	
                %

                Full Doc

              	
                %

                Non-Full

                Doc

              
	
                0

              	
                167

              	
                151,744,645

              	
                49.1%

              	
                908,651

              	
                5.01

              	
                3

              	
                100.0%

              	
                62.0

              	
                64.0

              	
                86.7%

              	
                6.8%

              	
                90.7%

              	
                0.0%

              	
                38.6%

              	
                3.2%

              	
                26.8

              	
                767

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                120

              	
                165

              	
                157,173,000

              	
                50.9%

              	
                952,564

              	
                4.92

              	
                2

              	
                100.0%

              	
                58.4

              	
                61.1

              	
                84.7%

              	
                8.3%

              	
                95.5%

              	
                0.0%

              	
                24.5%

              	
                3.9%

              	
                28.2

              	
                769

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Total:

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              


      

    

    


    Original Term
Breakdown

    


    
      
        	
                Original
    Term

              	
                # of

                Loans

              	
                Total Current

                Balance

              	
                % Total

                Current

                Balance

              	
                Average

                Current

                Balance

              	
                Gross

                Rate

              	
                WALA

              	
                % 1st

                Lien

              	
                Orig

                LTV

              	
                Orig

                CLTV

              	
                %

                SF/PUD

              	
                %

                Condo

              	
                % Owner

                Occupied

              	
                %

                Investor

              	
                %

                Purchase

              	
                %

                Cash

                Out

              	
                BDTI

              	
                FICO

              	
                % (FICO

                < 660)

              	
                %

                Full Doc

              	
                %

                Non-Full

                Doc

              
	
                360

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Total:

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              


      

    

    


    



    
      
        11/19/2009

         


      

      
        9 of 15

        
          

        

      

      
         


        Preliminary
Subject to Change

      

    


    


    Top 15
States

    


    
      
        	
                Property
    State

              	
                # of

                Loans

              	
                Total Current

                Balance

              	
                % Total

                Current

                Balance

              	
                Average

                Current

                Balance

              	
                Gross

                Rate

              	
                WALA

              	
                % 1st

                Lien

              	
                Orig

                LTV

              	
                Orig

                CLTV

              	
                %

                SF/PUD

              	
                %

                Condo

              	
                % Owner

                Occupied

              	
                %

                Investor

              	
                %

                Purchase

              	
                %

                Cash

                Out

              	
                BDTI

              	
                FICO

              	
                % (FICO

                < 660)

              	
                %

                Full Doc

              	
                %

                Non-Full

                Doc

              
	
                CA

              	
                119

              	
                116,445,475

              	
                37.7%

              	
                978,533

              	
                4.93

              	
                2

              	
                100.0%

              	
                58.7

              	
                61.3

              	
                97.5%

              	
                1.3%

              	
                98.5%

              	
                0.0%

              	
                21.0%

              	
                5.0%

              	
                29.7

              	
                773

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                NY

              	
                51

              	
                54,318,233

              	
                17.6%

              	
                1,065,063

              	
                4.90

              	
                2

              	
                100.0%

              	
                52.7

              	
                54.5

              	
                41.4%

              	
                22.9%

              	
                89.0%

              	
                0.0%

              	
                18.2%

              	
                4.8%

              	
                26.0

              	
                761

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                CT

              	
                19

              	
                21,586,110

              	
                7.0%

              	
                1,136,111

              	
                4.98

              	
                3

              	
                100.0%

              	
                55.0

              	
                58.6

              	
                100.0%

              	
                0.0%

              	
                90.9%

              	
                0.0%

              	
                42.6%

              	
                7.4%

              	
                22.2

              	
                772

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                IL

              	
                24

              	
                18,463,589

              	
                6.0%

              	
                769,316

              	
                5.20

              	
                3

              	
                100.0%

              	
                66.0

              	
                69.7

              	
                90.3%

              	
                9.7%

              	
                100.0%

              	
                0.0%

              	
                30.4%

              	
                0.0%

              	
                23.7

              	
                767

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                TX

              	
                21

              	
                16,517,458

              	
                5.3%

              	
                786,546

              	
                5.10

              	
                2

              	
                100.0%

              	
                67.6

              	
                68.1

              	
                93.9%

              	
                6.1%

              	
                92.2%

              	
                0.0%

              	
                80.4%

              	
                0.0%

              	
                30.4

              	
                766

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                MA

              	
                11

              	
                9,941,172

              	
                3.2%

              	
                903,743

              	
                4.94

              	
                2

              	
                100.0%

              	
                66.5

              	
                69.5

              	
                70.7%

              	
                29.3%

              	
                84.0%

              	
                0.0%

              	
                48.3%

              	
                0.0%

              	
                27.9

              	
                767

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                NJ

              	
                9

              	
                9,935,383

              	
                3.2%

              	
                1,103,931

              	
                4.89

              	
                2

              	
                100.0%

              	
                51.0

              	
                58.2

              	
                93.0%

              	
                7.0%

              	
                80.1%

              	
                0.0%

              	
                15.8%

              	
                11.0%

              	
                27.2

              	
                746

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                VA

              	
                8

              	
                6,966,875

              	
                2.3%

              	
                870,859

              	
                4.83

              	
                2

              	
                100.0%

              	
                75.8

              	
                75.8

              	
                100.0%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                60.6%

              	
                0.0%

              	
                26.6

              	
                764

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                CO

              	
                5

              	
                6,030,434

              	
                2.0%

              	
                1,206,087

              	
                4.92

              	
                3

              	
                100.0%

              	
                62.3

              	
                62.3

              	
                100.0%

              	
                0.0%

              	
                50.4%

              	
                0.0%

              	
                23.0%

              	
                0.0%

              	
                28.9

              	
                763

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                GA

              	
                7

              	
                4,840,217

              	
                1.6%

              	
                691,460

              	
                5.00

              	
                4

              	
                100.0%

              	
                74.9

              	
                74.9

              	
                100.0%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                56.0%

              	
                0.0%

              	
                30.8

              	
                767

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                WA

              	
                7

              	
                4,776,196

              	
                1.5%

              	
                682,314

              	
                5.12

              	
                3

              	
                100.0%

              	
                78.1

              	
                78.1

              	
                100.0%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                48.1%

              	
                0.0%

              	
                31.9

              	
                776

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                PA

              	
                6

              	
                3,969,319

              	
                1.3%

              	
                661,553

              	
                5.33

              	
                3

              	
                100.0%

              	
                69.6

              	
                69.6

              	
                82.5%

              	
                17.5%

              	
                100.0%

              	
                0.0%

              	
                81.4%

              	
                0.0%

              	
                29.0

              	
                745

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                FL

              	
                3

              	
                3,517,542

              	
                1.1%

              	
                1,172,514

              	
                5.09

              	
                4

              	
                100.0%

              	
                60.6

              	
                60.6

              	
                71.9%

              	
                28.1%

              	
                17.3%

              	
                0.0%

              	
                17.3%

              	
                0.0%

              	
                29.0

              	
                746

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                MI

              	
                5

              	
                3,493,283

              	
                1.1%

              	
                698,657

              	
                5.17

              	
                2

              	
                100.0%

              	
                51.6

              	
                51.6

              	
                78.8%

              	
                21.2%

              	
                100.0%

              	
                0.0%

              	
                36.6%

              	
                0.0%

              	
                17.4

              	
                769

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                NC

              	
                4

              	
                3,446,517

              	
                1.1%

              	
                861,629

              	
                4.53

              	
                3

              	
                100.0%

              	
                65.3

              	
                67.3

              	
                100.0%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                59.8%

              	
                0.0%

              	
                10.3

              	
                769

              	
                0.0%

              	
                100.0%

              	
                0.0%

              


      

    

    


    Top 10
Cities

    


    
      
        
          	
                  Property
    City

                	
                  # of

                  Loans

                	
                  Total Current

                  Balance

                	
                  % Total

                  Current

                  Balance

                	
                  Average

                  Current

                  Balance

                	
                  Gross

                  Rate

                	
                  WALA

                	
                  % 1st

                  Lien

                	
                  Orig

                  LTV

                	
                  Orig

                  CLTV

                	
                  %

                  SF/PUD

                	
                  %

                  Condo

                	
                  % Owner

                  Occupied

                	
                  %

                  Investor

                	
                  %

                  Purchase

                	
                  %

                  Cash

                  Out

                	
                  BDTI

                	
                  FICO

                	
                  % (FICO

                  < 660)

                	
                  %

                  Full Doc

                	
                  %

                  Non-Full

                  Doc

                
	
                  NEW YORK,
NY

                	
                  29

                	
                  30,171,785

                	
                  9.8%

                	
                  1,040,406

                	
                  5.00

                	
                  1

                	
                  100.0%

                	
                  52.5

                	
                  54.0

                	
                  2.4%

                	
                  41.3%

                	
                  100.0%

                	
                  0.0%

                	
                  10.3%

                	
                  6.1%

                	
                  25.9

                	
                  763

                	
                  0.0%

                	
                  100.0%

                	
                  0.0%

                
	
                  SARATOGA,
CA

                	
                  10

                	
                  9,349,866

                	
                  3.0%

                	
                  934,987

                	
                  4.83

                	
                  2

                	
                  100.0%

                	
                  46.8

                	
                  51.7

                	
                  100.0%

                	
                  0.0%

                	
                  100.0%

                	
                  0.0%

                	
                  10.5%

                	
                  0.0%

                	
                  26.7

                	
                  775

                	
                  0.0%

                	
                  100.0%

                	
                  0.0%

                
	
                  CHICAGO, IL

                	
                  10

                	
                  8,256,937

                	
                  2.7%

                	
                  825,694

                	
                  5.30

                	
                  3

                	
                  100.0%

                	
                  69.9

                	
                  71.7

                	
                  78.3%

                	
                  21.7%

                	
                  100.0%

                	
                  0.0%

                	
                  35.5%

                	
                  0.0%

                	
                  21.3

                	
                  763

                	
                  0.0%

                	
                  100.0%

                	
                  0.0%

                
	
                  PALO ALTO, CA

                	
                  6

                	
                  5,849,852

                	
                  1.9%

                	
                  974,975

                	
                  4.80

                	
                  2

                	
                  100.0%

                	
                  62.1

                	
                  62.1

                	
                  100.0%

                	
                  0.0%

                	
                  100.0%

                	
                  0.0%

                	
                  0.0%

                	
                  23.9%

                	
                  29.9

                	
                  779

                	
                  0.0%

                	
                  100.0%

                	
                  0.0%

                
	
                  DARIEN, CT

                	
                  4

                	
                  5,675,612

                	
                  1.8%

                	
                  1,418,903

                	
                  5.01

                	
                  3

                	
                  100.0%

                	
                  51.8

                	
                  60.6

                	
                  100.0%

                	
                  0.0%

                	
                  100.0%

                	
                  0.0%

                	
                  20.9%

                	
                  28.1%

                	
                  21.6

                	
                  785

                	
                  0.0%

                	
                  100.0%

                	
                  0.0%

                
	
                  NEWPORT BEACH, CA

                	
                  4

                	
                  5,506,306

                	
                  1.8%

                	
                  1,376,576

                	
                  5.20

                	
                  1

                	
                  100.0%

                	
                  51.4

                	
                  51.4

                	
                  100.0%

                	
                  0.0%

                	
                  100.0%

                	
                  0.0%

                	
                  45.3%

                	
                  0.0%

                	
                  36.4

                	
                  751

                	
                  0.0%

                	
                  100.0%

                	
                  0.0%

                
	
                  LOS ANGELES,
    CA

                	
                  5

                	
                  5,155,024

                	
                  1.7%

                	
                  1,031,005

                	
                  4.86

                	
                  2

                	
                  100.0%

                	
                  56.5

                	
                  59.5

                	
                  100.0%

                	
                  0.0%

                	
                  100.0%

                	
                  0.0%

                	
                  0.0%

                	
                  0.0%

                	
                  30.9

                	
                  766

                	
                  0.0%

                	
                  100.0%

                	
                  0.0%

                
	
                  SAN JOSE, CA

                	
                  7

                	
                  4,784,767

                	
                  1.5%

                	
                  683,538

                	
                  4.81

                	
                  2

                	
                  100.0%

                	
                  65.4

                	
                  67.9

                	
                  100.0%

                	
                  0.0%

                	
                  100.0%

                	
                  0.0%

                	
                  0.0%

                	
                  0.0%

                	
                  25.8

                	
                  776

                	
                  0.0%

                	
                  100.0%

                	
                  0.0%

                
	
                  HOUSTON, TX

                	
                  4

                	
                  4,408,059

                	
                  1.4%

                	
                  1,102,015

                	
                  5.44

                	
                  2

                	
                  100.0%

                	
                  65.2

                	
                  67.1

                	
                  77.3%

                	
                  22.7%

                	
                  100.0%

                	
                  0.0%

                	
                  76.1%

                	
                  0.0%

                	
                  26.9

                	
                  746

                	
                  0.0%

                	
                  100.0%

                	
                  0.0%

                
	
                  MENLO PARK,
    CA

                	
                  3

                	
                  3,510,000

                	
                  1.1%

                	
                  1,170,000

                	
                  5.47

                	
                  2

                	
                  100.0%

                	
                  52.6

                	
                  57.2

                	
                  100.0%

                	
                  0.0%

                	
                  100.0%

                	
                  0.0%

                	
                  0.0%

                	
                  0.0%

                	
                  32.2

                	
                  781

                	
                  0.0%

                	
                  100.0%

                	
                  0.0%

                


        

      

    

    


    



    
      
        11/19/2009

         


      

      
        10 of 15

        
          

        

      

      
         


        Preliminary
Subject to Change

      

    


    


    Gross Rate
Breakdown

    


    
      
        	
                Gross Rate

              	
                # of

                Loans

              	
                Total Current

                Balance

              	
                % Total

                Current

                Balance

              	
                Average

                Current

                Balance

              	
                Gross

                Rate

              	
                WALA

              	
                % 1st

                Lien

              	
                Orig

                LTV

              	
                Orig

                CLTV

              	
                %

                SF/PUD

              	
                %

                Condo

              	
                % Owner

                Occupied

              	
                %

                Investor

              	
                %

                Purchase

              	
                %

                Cash

                Out

              	
                BDTI

              	
                FICO

              	
                % (FICO

                < 660)

              	
                %

                Full Doc

              	
                %

                Non-Full

                Doc

              
	
                3.751-4.000

              	
                1

              	
                937,383

              	
                0.3%

              	
                937,383

              	
                4.00

              	
                3

              	
                100.0%

              	
                76.5

              	
                76.5

              	
                100.0%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                12.8

              	
                796

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                4.001-4.250

              	
                6

              	
                5,397,575

              	
                1.7%

              	
                899,596

              	
                4.21

              	
                3

              	
                100.0%

              	
                63.0

              	
                63.0

              	
                100.0%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                75.9%

              	
                0.0%

              	
                22.3

              	
                782

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                4.251-4.500

              	
                34

              	
                30,750,602

              	
                10.0%

              	
                904,429

              	
                4.47

              	
                2

              	
                100.0%

              	
                62.3

              	
                64.6

              	
                94.3%

              	
                5.7%

              	
                96.1%

              	
                0.0%

              	
                36.5%

              	
                0.0%

              	
                28.1

              	
                765

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                4.501-4.750

              	
                85

              	
                77,025,148

              	
                24.9%

              	
                906,178

              	
                4.69

              	
                2

              	
                100.0%

              	
                56.9

              	
                59.3

              	
                84.7%

              	
                11.6%

              	
                92.5%

              	
                0.0%

              	
                17.0%

              	
                4.1%

              	
                25.2

              	
                769

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                4.751-5.000

              	
                91

              	
                88,205,903

              	
                28.6%

              	
                969,296

              	
                4.93

              	
                2

              	
                100.0%

              	
                58.1

              	
                60.7

              	
                85.2%

              	
                6.2%

              	
                92.7%

              	
                0.0%

              	
                17.7%

              	
                5.5%

              	
                28.4

              	
                771

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                5.001-5.250

              	
                51

              	
                48,118,753

              	
                15.6%

              	
                943,505

              	
                5.19

              	
                2

              	
                100.0%

              	
                61.9

              	
                64.7

              	
                79.7%

              	
                10.1%

              	
                90.5%

              	
                0.0%

              	
                40.1%

              	
                4.8%

              	
                27.4

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                5.251-5.500

              	
                39

              	
                34,665,078

              	
                11.2%

              	
                888,848

              	
                5.43

              	
                3

              	
                100.0%

              	
                63.9

              	
                66.5

              	
                85.3%

              	
                6.8%

              	
                97.6%

              	
                0.0%

              	
                49.7%

              	
                0.0%

              	
                28.5

              	
                765

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                5.501-5.750

              	
                25

              	
                23,817,204

              	
                7.7%

              	
                952,688

              	
                5.70

              	
                4

              	
                100.0%

              	
                65.5

              	
                66.3

              	
                88.0%

              	
                0.0%

              	
                89.8%

              	
                0.0%

              	
                65.6%

              	
                3.1%

              	
                32.0

              	
                753

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Total:

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              


      

    

    


    



    
      
        11/19/2009

         


      

      
        11 of 15

        
          

        

      

      
         


        Preliminary
Subject to Change

      

    


    


    Gross Margin
Breakdown

    


    
      
        	
                Gross
Margin

              	
                # of

                Loans

              	
                Total Current

                Balance

              	
                % Total

                Current

                Balance

              	
                Average

                Current

                Balance

              	
                Gross

                Rate

              	
                WALA

              	
                % 1st

                Lien

              	
                Orig

                LTV

              	
                Orig

                CLTV

              	
                %

                SF/PUD

              	
                %

                Condo

              	
                % Owner

                Occupied

              	
                %

                Investor

              	
                %

                Purchase

              	
                %

                Cash

                Out

              	
                BDTI

              	
                FICO

              	
                % (FICO

                < 660)

              	
                %

                Full Doc

              	
                %

                Non-Full

                Doc

              
	
                2.001-2.250

              	
                304

              	
                265,487,110

              	
                85.9%

              	
                873,313

              	
                4.91

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.7

              	
                85.7%

              	
                7.8%

              	
                95.2%

              	
                0.0%

              	
                29.3%

              	
                3.1%

              	
                27.5

              	
                769

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                2.251-2.500

              	
                28

              	
                43,430,535

              	
                14.1%

              	
                1,551,091

              	
                5.30

              	
                3

              	
                100.0%

              	
                60.2

              	
                61.7

              	
                85.6%

              	
                6.1%

              	
                80.4%

              	
                0.0%

              	
                44.1%

              	
                6.5%

              	
                28.0

              	
                762

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Total:

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              


      

    

    


    Index
Breakdown

    


    
      
        	
                Index Type

              	
                # of

                Loans

              	
                Total Current

                Balance

              	
                % Total

                Current

                Balance

              	
                Average

                Current

                Balance

              	
                Gross

                Rate

              	
                WALA

              	
                % 1st

                Lien

              	
                Orig

                LTV

              	
                Orig

                CLTV

              	
                %

                SF/PUD

              	
                %

                Condo

              	
                % Owner

                Occupied

              	
                %

                Investor

              	
                %

                Purchase

              	
                %

                Cash

                Out

              	
                BDTI

              	
                FICO

              	
                % (FICO

                < 660)

              	
                %

                Full Doc

              	
                %

                Non-Full

                Doc

              
	
                LIBOR 12 M

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Total:

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              


      

    

    


    Negam Flag
Breakdown

    


    
      
        	
                Negam

              	
                # of

                Loans

              	
                Total Current

                Balance

              	
                % Total

                Current

                Balance

              	
                Average

                Current

                Balance

              	
                Gross

                Rate

              	
                WALA

              	
                % 1st

                Lien

              	
                Orig

                LTV

              	
                Orig

                CLTV

              	
                %

                SF/PUD

              	
                %

                Condo

              	
                % Owner

                Occupied

              	
                %

                Investor

              	
                %

                Purchase

              	
                %

                Cash

                Out

              	
                BDTI

              	
                FICO

              	
                % (FICO

                < 660)

              	
                %

                Full Doc

              	
                %

                Non-Full

                Doc

              
	
                None

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Total:

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              


      

    

    


    Negam Limit
Breakdown

    


    
      
        	
                Negam Limit

              	
                # of

                Loans

              	
                Total Current

                Balance

              	
                % Total

                Current

                Balance

              	
                Average

                Current

                Balance

              	
                Gross

                Rate

              	
                WALA

              	
                % 1st

                Lien

              	
                Orig

                LTV

              	
                Orig

                CLTV

              	
                %

                SF/PUD

              	
                %

                Condo

              	
                % Owner

                Occupied

              	
                %

                Investor

              	
                %

                Purchase

              	
                %

                Cash

                Out

              	
                BDTI

              	
                FICO

              	
                % (FICO

                < 660)

              	
                %

                Full Doc

              	
                %

                Non-Full

                Doc

              
	
                None

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Total:

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              


      

    

    


    



    
      
        11/19/2009

         


      

      
        12 of 15

        
          

        

      

      
         


        Preliminary
Subject to Change

      

    


    


    Life Cap
Breakdown

    


    
      
        	
                Life Cap
    Range

              	
                # of

                Loans

              	
                Total Current

                Balance

              	
                % Total

                Current

                Balance

              	
                Average

                Current

                Balance

              	
                Gross

                Rate

              	
                WALA

              	
                % 1st

                Lien

              	
                Orig

                LTV

              	
                Orig

                CLTV

              	
                %

                SF/PUD

              	
                %

                Condo

              	
                % Owner

                Occupied

              	
                %

                Investor

              	
                %

                Purchase

              	
                %

                Cash

                Out

              	
                BDTI

              	
                FICO

              	
                % (FICO

                < 660)

              	
                %

                Full Doc

              	
                %

                Non-Full

                Doc

              
	
                8.751-9.000

              	
                1

              	
                937,383

              	
                0.3%

              	
                937,383

              	
                4.00

              	
                3

              	
                100.0%

              	
                76.5

              	
                76.5

              	
                100.0%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                12.8

              	
                796

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                9.001-9.250

              	
                6

              	
                5,397,575

              	
                1.7%

              	
                899,596

              	
                4.21

              	
                3

              	
                100.0%

              	
                63.0

              	
                63.0

              	
                100.0%

              	
                0.0%

              	
                100.0%

              	
                0.0%

              	
                75.9%

              	
                0.0%

              	
                22.3

              	
                782

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                9.251-9.500

              	
                34

              	
                30,750,602

              	
                10.0%

              	
                904,429

              	
                4.47

              	
                2

              	
                100.0%

              	
                62.3

              	
                64.6

              	
                94.3%

              	
                5.7%

              	
                96.1%

              	
                0.0%

              	
                36.5%

              	
                0.0%

              	
                28.1

              	
                765

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                9.501-9.750

              	
                85

              	
                77,025,148

              	
                24.9%

              	
                906,178

              	
                4.69

              	
                2

              	
                100.0%

              	
                56.9

              	
                59.3

              	
                84.7%

              	
                11.6%

              	
                92.5%

              	
                0.0%

              	
                17.0%

              	
                4.1%

              	
                25.2

              	
                769

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                9.751-10.000

              	
                91

              	
                88,205,903

              	
                28.6%

              	
                969,296

              	
                4.93

              	
                2

              	
                100.0%

              	
                58.1

              	
                60.7

              	
                85.2%

              	
                6.2%

              	
                92.7%

              	
                0.0%

              	
                17.7%

              	
                5.5%

              	
                28.4

              	
                771

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                10.001-10.250

              	
                51

              	
                48,118,753

              	
                15.6%

              	
                943,505

              	
                5.19

              	
                2

              	
                100.0%

              	
                61.9

              	
                64.7

              	
                79.7%

              	
                10.1%

              	
                90.5%

              	
                0.0%

              	
                40.1%

              	
                4.8%

              	
                27.4

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                10.251-10.500

              	
                39

              	
                34,665,078

              	
                11.2%

              	
                888,848

              	
                5.43

              	
                3

              	
                100.0%

              	
                63.9

              	
                66.5

              	
                85.3%

              	
                6.8%

              	
                97.6%

              	
                0.0%

              	
                49.7%

              	
                0.0%

              	
                28.5

              	
                765

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                10.501-10.750

              	
                25

              	
                23,817,204

              	
                7.7%

              	
                952,688

              	
                5.70

              	
                4

              	
                100.0%

              	
                65.5

              	
                66.3

              	
                88.0%

              	
                0.0%

              	
                89.8%

              	
                0.0%

              	
                65.6%

              	
                3.1%

              	
                32.0

              	
                753

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Total:

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              


      

    

    


    1st Initial Cap
Breakdown

    


    
      
        	
                1st Initial Cap
      Range

              	
                # of

                Loans

              	
                Total Current

                Balance

              	
                % Total

                Current

                Balance

              	
                Average

                Current

                Balance

              	
                Gross

                Rate

              	
                WALA

              	
                % 1st

                Lien

              	
                Orig

                LTV

              	
                Orig

                CLTV

              	
                %

                SF/PUD

              	
                %

                Condo

              	
                % Owner

                Occupied

              	
                %

                Investor

              	
                %

                Purchase

              	
                %

                Cash

                Out

              	
                BDTI

              	
                FICO

              	
                % (FICO

                < 660)

              	
                %

                Full Doc

              	
                %

                Non-Full

                Doc

              
	
                1.751-2.000

              	
                1

              	
                523,500

              	
                0.2%

              	
                523,500

              	
                5.00

              	
                0

              	
                100.0%

              	
                74.8

              	
                74.8

              	
                0.0%

              	
                100.0%

              	
                100.0%

              	
                0.0%

              	
                0.0%

              	
                0.0%

              	
                39.5

              	
                780

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                4.751-5.000

              	
                331

              	
                308,394,145

              	
                99.8%

              	
                931,704

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.8%

              	
                7.4%

              	
                93.1%

              	
                0.0%

              	
                31.5%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Total:

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              


      

    

    


    Periodic Cap
Breakdown

    


    
      
        	
                Periodic
Cap

              	
                # of

                Loans

              	
                Total Current

                Balance

              	
                % Total

                Current

                Balance

              	
                Average

                Current

                Balance

              	
                Gross

                Rate

              	
                WALA

              	
                % 1st

                Lien

              	
                Orig

                LTV

              	
                Orig

                CLTV

              	
                %

                SF/PUD

              	
                %

                Condo

              	
                % Owner

                Occupied

              	
                %

                Investor

              	
                %

                Purchase

              	
                %

                Cash

                Out

              	
                BDTI

              	
                FICO

              	
                % (FICO

                < 660)

              	
                %

                Full Doc

              	
                %

                Non-Full

                Doc

              
	
                2.000

              	
                329

              	
                306,539,437

              	
                99.2%

              	
                931,731

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.1

              	
                62.5

              	
                86.1%

              	
                7.1%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                5.000

              	
                3

              	
                2,378,208

              	
                0.8%

              	
                792,736

              	
                4.97

              	
                3

              	
                100.0%

              	
                65.6

              	
                65.6

              	
                34.8%

              	
                65.2%

              	
                100.0%

              	
                0.0%

              	
                36.1%

              	
                0.0%

              	
                31.0

              	
                782

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Total:

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              


      

    

    



    
      
        11/19/2009

         


      

      
        13 of 15

        
          

        

      

      
         


        Preliminary
Subject to Change

      

    


    


    Lien Status
Breakdown

    


    
      
        	
                Lien Status

              	
                # of

                Loans

              	
                Total Current

                Balance

              	
                % Total

                Current

                Balance

              	
                Average

                Current

                Balance

              	
                Gross

                Rate

              	
                WALA

              	
                % 1st

                Lien

              	
                Orig

                LTV

              	
                Orig

                CLTV

              	
                %

                SF/PUD

              	
                %

                Condo

              	
                % Owner

                Occupied

              	
                %

                Investor

              	
                %

                Purchase

              	
                %

                Cash

                Out

              	
                BDTI

              	
                FICO

              	
                % (FICO

                < 660)

              	
                %

                Full Doc

              	
                %

                Non-Full

                Doc

              
	
                1

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Total:

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              


      

    

    


    Prepayment Penalty
Breakdown

    


    
      
        	
                Preypay
    Penalty

              	
                # of

                Loans

              	
                Total Current

                Balance

              	
                % Total

                Current

                Balance

              	
                Average

                Current

                Balance

              	
                Gross

                Rate

              	
                WALA

              	
                % 1st

                Lien

              	
                Orig

                LTV

              	
                Orig

                CLTV

              	
                %

                SF/PUD

              	
                %

                Condo

              	
                % Owner

                Occupied

              	
                %

                Investor

              	
                %

                Purchase

              	
                %

                Cash

                Out

              	
                BDTI

              	
                FICO

              	
                % (FICO

                < 660)

              	
                %

                Full Doc

              	
                %

                Non-Full

                Doc

              
	
                N

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Total:

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              


      

    

    


    Prepayment Term
Breakdown

     

    
      
        	
                Prepayment
    Term

              	
                # of

                Loans

              	
                Total Current

                Balance

              	
                % Total

                Current

                Balance

              	
                Average

                Current

                Balance

              	
                Gross

                Rate

              	
                WALA

              	
                % 1st

                Lien

              	
                Orig

                LTV

              	
                Orig

                CLTV

              	
                %

                SF/PUD

              	
                %

                Condo

              	
                % Owner

                Occupied

              	
                %

                Investor

              	
                %

                Purchase

              	
                %

                Cash

                Out

              	
                BDTI

              	
                FICO

              	
                % (FICO

                < 660)

              	
                %

                Full Doc

              	
                %

                Non-Full

                Doc

              
	
                0

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              
	
                Total:

              	
                332

              	
                308,917,645

              	
                100.0%

              	
                930,475

              	
                4.97

              	
                2

              	
                100.0%

              	
                60.2

              	
                62.5

              	
                85.7%

              	
                7.6%

              	
                93.1%

              	
                0.0%

              	
                31.4%

              	
                3.6%

              	
                27.5

              	
                768

              	
                0.0%

              	
                100.0%

              	
                0.0%

              


      

    

    


    



    
      
        11/19/2009

         


      

      
        14 of 15

        
          

        

      

      
         


        Preliminary
Subject to Change

      

    


    


    Large Loan Breakdown (>=
$2,000,000)

    


    


    
      
        
          	
                  Loan Amount

                	
                  # of

                  Loans

                	
                  City

                	
                  State

                	
                  % of Pool  Balance

                	
                  Gross Rate

                	
                  WALA

                	
                  Orig

                  LTV

                	
                  Orig

                  CLTV

                	
                  Property
    Type

                	
                  Occupancy

                	
                  Purpose

                	
                  BDTI

                	
                  FICO

                	
                  Documentation

                
	
                  $2,000,000

                	
                  1

                	
                  SCARSDALE

                	
                  NY

                	
                  0.6%

                	
                  4.62

                	
                  3

                	
                  47.6

                	
                  47.6

                	
                  Single
    Family

                	
                  Primary

                	
                  Rate Term
    Refi

                	
                  43.5

                	
                  801

                	
                  Full

                
	
                  $2,115,000

                	
                  1

                	
                  NEW YORK

                	
                  NY

                	
                  0.7%

                	
                  5.75

                	
                  7

                	
                  36.2

                	
                  36.2

                	
                  Co-op

                	
                  Primary

                	
                  Rate Term
    Refi

                	
                  42.9

                	
                  749

                	
                  Full

                
	
                  $2,200,000

                	
                  1

                	
                  NEWPORT
    BEACH

                	
                  CA

                	
                  0.7%

                	
                  4.88

                	
                  1

                	
                  42.3

                	
                  42.3

                	
                  PUD

                	
                  Primary

                	
                  Rate Term
    Refi

                	
                  41.0

                	
                  737

                	
                  Full

                
	
                  $2,992,608

                	
                  1

                	
                  SNOWMASS
      VILLAGE

                	
                  CO

                	
                  1.0%

                	
                  4.88

                	
                  3

                	
                  48.4

                	
                  48.4

                	
                  PUD

                	
                  Secondary
    Home

                	
                  Rate Term
    Refi

                	
                  32.8

                	
                  742

                	
                  Full

                
	
                  Total:

                	
                  4

                	 
      	 
      	
                  3.0%

                	
                  5.02

                	
                  3

                	
                  44.0

                	
                  44.0

                	 
      	 
      	 
      	
                  39.3

                	
                  755

                	 
      


        

      

    

    


    



    
      
        11/19/2009

         


      

      
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