EXHIBIT 99.1

The Mortgage Loans are divided into two groups, (each, a “Loan Group”), designated as the Group I Mortgage Loans and the Group II Mortgage Loans. Payments under all of the Mortgage Loans are calculated on the “actuarial basis.” The Mortgage Loans are primarily secured by first or second liens on one- to four-family and five- to eight-family residential properties and multi-use properties (the “Mortgaged Properties”). No Mortgage Loan was delinquent as of the Cut-Off Date. No Mortgage Loan is considered delinquent for these purposes until it is one month past due on a contractual basis.

The Group I Mortgage Loans, which comprise approximately 16.97% of the Closing Date Mortgage Loans, will bear interest at an adjustable rate (the “Group I Mortgage Loans” or “ARMs”). The Group II Mortgage Loans, which comprise approximately 83.03% of the Closing Date Mortgage Loans, will bear interest at a fixed rate (the “Group II Mortgage Loans” or “Fixed-Rate Mortgage Loans”). The Fixed-Rate Mortgage Loans are secured by first or second liens on the related Mortgaged Properties. The ARMs are secured by first liens on the related Mortgaged Properties.

The interest rate (the “Loan Rate”) borne by each ARM is subject to initial adjustment on the date set forth in the related promissory note (the “Mortgage Note”) and at regular intervals thereafter (each, an “Adjustment Date”) to equal the sum of (a) the applicable loan index and (b) the number of basis points set forth in that Mortgage Note (the “Gross Margin”), subject to rounding and to the effects of the applicable periodic cap, the applicable lifetime cap and the applicable lifetime floor. The periodic cap limits adjustments in the Loan Rate for each ARM on each Adjustment Date. The lifetime cap is the maximum Loan Rate that may be borne by an ARM at any point. The lifetime floor is the minimum Loan Rate that may be borne by an ARM at any point. None of the Mortgage Loans provide for negative amortization.

For the ARMs, the loan index is the LIBOR rate for six-month U.S. dollar deposits, and the Adjustment Dates occur every six months after the initial Adjustment Date. The reference for each applicable loan index and the date prior to an Adjustment Date as of which the loan index is determined is set forth in the related Mortgage Note. All of the ARMs have initial Adjustment Dates that are either 24 months after origination (“2/28 Loans”), or 36 months after origination (“3/27 Loans”). The periodic cap for the initial Adjustment Date for the ARMs is approximately 3.000%, and the periodic cap for the ARMs, subsequent to the initial Adjustment Date, is approximately 1.000%.

As of the Closing Date, substantially all of the Closing Date Mortgage Loans that are ARMs were accruing interest at Loan Rates that are below the sum of the related Gross Margin and the loan index that would otherwise have been applicable. On the initial Adjustment Date for each ARM, the related Loan Rate will adjust to the sum of the applicable loan index and the related Gross Margin subject to the application of the related periodic cap, lifetime cap and lifetime floor.

Approximately 4.38% of the Closing Date Mortgage Loans and approximately 7.64% and 3.71% of the Group I Closing Date Mortgage Loans and Group II Closing Date Mortgage Loans, respectively, have repair escrows that are being held by the Servicer. The appraisals for these Mortgage Loans were based on the conditions of the Mortgaged Properties without the repairs, that is, the appraisals were not “subject to” appraisals. The repairs are typically completed within 30 to 60 days after the Mortgage Loan closes. The related Mortgage Loan documents give the Servicer the right to apply the escrowed amounts to prepayment of the Mortgage Loan if the repairs are not completed.

Approximately 72.58% of the Closing Date Mortgage Loans provide for payment by the borrower of a prepayment charge on specific prepayments as provided in the related Mortgage Note. Prepayment charges collected on the Mortgage Loans will be payable to the holders of the Class N Notes and will not be available for payment on any class of Offered Notes.

Approximately 1.78% of the Closing Date Mortgage Loans provide that if the borrower makes the first 12 payments on or before their due dates, the interest rate on the borrower’s Mortgage Loan will be reduced by 50 basis points (0.50%) commencing with the 13^th payment. If a borrower qualifies for the first rate reduction, that borrower can qualify for a second reduction of 50 basis points (0.50%) commencing with the 25^th payment by making each of the 13 through 24 payments on or before their due dates.

Set forth below is approximate statistical information as of the Closing Date (except as otherwise noted) regarding the Closing Date Mortgage Loans. The sum of the percentage columns in the following tables may not equal 100% due to rounding.

RENAISSANCE HOME EQUITY LOAN TRUST 2006-2 8-K