8-K 1 efc5-2184_5777328form8k.txt ------------------------------------------------------------------------------ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest Event Reported): March 30, 2005 CWHEQ, INC., (as depositor under the Sale and Servicing Agreement, dated as of March 30, 2005, relating to the Revolving Home Equity Loan Asset Backed Notes, Series 2005-B). CWHEQ, INC. ----------- (Exact name of registrant as specified in its charter) Delaware 333-121378 87-0698310 ----------------------------- ---------- ---------- (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification No.) 4500 Park Granada Calabasas, California 91302 --------------------- -------- (Address of Principal (Zip Code) Executive Offices) Registrant's telephone number, including area code (818) 225-3240 -------------- ------------------------------------------------------------------------------ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Section 8 --------- Item 8.01. Other Events. --------- ------------ Filing of Certain Materials --------------------------- In connection with the issuance by CWHEQ Revolving Home Equity Loan Trust, Series 2005-B of Revolving Home Equity Loan Asset Backed Notes, Series 2005-B (the "Notes"), CWHEQ, Inc. is filing herewith an opinion of counsel relating to the legality of the Notes. The Opinion is annexed hereto on Exhibit 8.1. Section 9 --------- Item 9.01. Financial Statements, Pro Forma Financial ---------------------------------------------------- Information and Exhibits. ------------------------ (a) Not applicable. (b) Not applicable. (c) Exhibits: 8.1 Opinion of Sidley Austin Brown & Wood LLP regarding the legality of the Notes. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CWHEQ, INC. By: /s/ Leon Daniels, Jr. -------------------------- Name: Leon Daniels, Jr. Title: Vice President Dated: October 18, 2005 Exhibit Index Exhibit ------- 8.1 Opinion of Sidley Austin Brown & Wood LLP regarding the legality of the Notes.

Loan Group 1 Principal Balances for the Group 1 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Aggregate Average Average Average Average Principal Number of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Range of Principal Balances ($) Outstanding Loans Outstanding Balance Rate (months) Risk Score -------------------------------- -------------- --------- ----------- ----------- --------- --------- ---------- 0.01 - 10,000.00............. $ 15,227,626 2,382 2.04% $ 6,393 5.720% 294.34 719 10,000.01 - 20,000.00........ 76,881,931 4,891 10.30 15,719 6.117 296.83 707 20,000.01 - 30,000.00........ 147,696,951 5,754 19.79 25,669 5.935 297.56 706 30,000.01 - 40,000.00........ 136,772,368 3,895 18.33 35,115 6.155 297.90 708 40,000.01 - 50,000.00........ 108,162,692 2,379 14.50 45,466 5.980 298.00 706 50,000.01 - 60,000.00........ 82,764,697 1,501 11.09 55,140 6.209 298.01 708 60,000.01 - 70,000.00........ 62,732,881 961 8.41 65,279 6.245 298.47 708 70,000.01 - 80,000.00........ 35,913,776 481 4.81 74,665 5.858 298.21 704 80,000.01 - 90,000.00........ 21,098,869 248 2.83 85,076 6.064 297.48 699 90,000.01 - 100,000.00....... 26,436,141 273 3.54 96,836 5.950 297.77 698 100,000.01 - 125,000.00...... 16,706,906 149 2.24 112,127 5.986 296.69 711 125,000.01 - 150,000.00...... 14,503,401 103 1.94 140,810 5.994 298.29 724 150,000.01 - 175,000.00...... 1,262,520 8 0.17 157,815 5.856 298.65 716 Total................... -------------- ---------- ------------ $ 746,160,759 23,025 100.00% ============== ========== ============ Weighted Average Combined Loan-to-Value Range of Principal Balances ($) Ratio -------------------------------- ------------- 0.01 - 10,000.00............. 78.6% 10,000.01 - 20,000.00........ 84.6 20,000.01 - 30,000.00........ 88.5 30,000.01 - 40,000.00........ 89.1 40,000.01 - 50,000.00........ 87.8 50,000.01 - 60,000.00........ 90.0 60,000.01 - 70,000.00........ 90.1 70,000.01 - 80,000.00........ 85.9 80,000.01 - 90,000.00........ 85.3 90,000.01 - 100,000.00....... 81.0 100,000.01 - 125,000.00...... 82.2 125,000.01 - 150,000.00...... 78.0 150,000.01 - 175,000.00...... 83.1 Total................... As of the Cut-off Date, the average principal balance of the cut-off mortgage loans in loan group 1 was approximately $32,407.

Loan Programs for the Group 1 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Aggregate Average Average Average Average Principal Number of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Description of Loan Programs Outstanding Loans Outstanding Balance Rate (months) Risk Score -------------------------------- -------------- --------- ----------- ----------- --------- --------- ---------- 10 Year Draw, 20 Year Repay.. $ 79,516 1 0.01% $ 79,516 8.000% 344.00 741 3 Year Draw, 10 Year Repay... 110,532 6 0.01 18,422 9.647 67.49 679 5 Year Draw, 5 Year Repay.... 17,238 3 (2) 5,746 7.245 106.67 729 5 Year Draw, 10 Year Repay... 171,398 6 0.02 28,566 8.333 170.99 730 10 Year Draw, 15 Year Repay(1) 745,489,572 23,001 99.91 32,411 6.054 297.77 707 15 Year Draw, 10 Year Repay.. 292,504 8 0.04 36,563 5.745 290.73 730 Total................... --------------- ---------- ------------ $ 746,160,759 23,025 100.00% =============== ========== ============ Weighted Average Combined Loan-to-Value Description of Loan Programs Ratio -------------------------------- ------------- 10 Year Draw, 20 Year Repay.. 97.9% 3 Year Draw, 10 Year Repay... 97.0 5 Year Draw, 5 Year Repay.... 89.8 5 Year Draw, 10 Year Repay... 98.7 10 Year Draw, 15 Year Repay(1) 87.4 15 Year Draw, 10 Year Repay.. 92.0 Total................... -------------- (1) Assumes that the draw period for the cut-off mortgage loans with five year draw periods and fifteen year repayment periods will be extended for an additional five years. (2) Less than 0.01%

Loan Rates for the Group 1 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Aggregate Average Average Average Average Principal Number of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Range of Loan Rates (%) Outstanding Loans Outstanding Balance Rate (months) Risk Score ----------------------------- -------------- --------- ----------- ---------- ----------- --------- ---------- Less than or equal to 3.000.. $ 56,000 2 0.01% $ 28,000 2.663% 299.00 676 3.001 - 3.500................ 356,123 14 0.05 25,437 3.477 298.77 721 3.501 - 4.000................ 247,546,602 7,557 33.18 32,757 3.984 298.91 700 4.001 - 4.500................ 38,100,404 1,031 5.11 36,955 4.257 299.09 707 4.501 - 5.000................ 4,911,463 176 0.66 27,906 4.951 297.72 717 5.001 - 5.500................ 128,465,179 4,475 17.22 28,707 5.362 297.94 719 5.501 - 6.000................ 33,162,470 991 4.44 33,464 5.843 292.74 719 6.001 - 6.500................ 25,185,915 640 3.38 39,353 6.321 296.04 705 6.501 - 7.000................ 19,987,417 570 2.68 35,066 6.836 295.97 704 7.001 - 7.500................ 34,809,128 1,176 4.67 29,600 7.326 294.64 713 7.501 - 8.000................ 57,898,424 1,801 7.76 32,148 7.816 297.01 723 8.001 - 8.500................ 29,254,035 889 3.92 32,907 8.304 296.84 700 8.501 - 9.000................ 59,269,628 1,579 7.94 37,536 8.868 298.04 718 9.001 - 9.500................ 18,899,845 643 2.53 29,393 9.325 297.95 716 9.501 - 10.000............... 21,879,105 604 2.93 36,224 9.810 298.06 697 10.001 - 10.500.............. 5,151,384 165 0.69 31,221 10.305 297.40 699 10.501 - 11.000.............. 2,807,168 91 0.38 30,848 10.783 298.46 690 11.001 - 11.500.............. 2,700,703 94 0.36 28,731 11.325 298.83 643 11.501 - 12.000.............. 14,566,491 494 1.95 29,487 11.697 297.28 612 12.001 - 12.500.............. 920,315 26 0.12 35,397 12.290 297.77 635 12.501 - 13.000.............. 91,056 3 0.01 30,352 12.846 297.84 626 Greater than 13.000.......... 141,902 4 0.02 35,475 13.378 297.79 626 Total................... ---------------- ---------- ----------- $ 746,160,759 23,025 100.00% ================ ========== =========== Weighted Average Combined Loan-to-Value Range of Loan Rates (%) Ratio ----------------------------- ------------- Less than or equal to 3.000.. 83.2% 3.001 - 3.500................ 96.0 3.501 - 4.000................ 83.9 4.001 - 4.500................ 94.4 4.501 - 5.000................ 89.9 5.001 - 5.500................ 90.2 5.501 - 6.000................ 71.7 6.001 - 6.500................ 76.5 6.501 - 7.000................ 82.0 7.001 - 7.500................ 86.3 7.501 - 8.000................ 91.5 8.001 - 8.500................ 91.6 8.501 - 9.000................ 97.2 9.001 - 9.500................ 93.4 9.501 - 10.000............... 95.6 10.001 - 10.500.............. 94.1 10.501 - 11.000.............. 92.7 11.001 - 11.500.............. 80.9 11.501 - 12.000.............. 78.9 12.001 - 12.500.............. 88.0 12.501 - 13.000.............. 83.6 Greater than 13.000.......... 91.3 Total................... As of the Cut-off Date, the weighted average loan rate of the cut-off mortgage loans in loan group 1 was approximately 6.055%.

Months Remaining to Scheduled Maturity for the Group 1 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Range of Months Remaining to Balance Mortgage Balance Principal Mortgage Term Bureau Scheduled Maturity Outstanding Loans Outstanding Balance Rate (months) Risk Score ------------------------------ --------------- ----------- ------------- ------------ ------------ ------------ ------------ 61 - 72...................... $ 110,532 6 0.01% $ 18,422 9.647% 67.49 679 97 - 108..................... 8,963 2 (1) 4,481 7.125 103.59 740 109 - 120.................... 8,275 1 (1) 8,275 7.375 110.00 717 145 - 156.................... 42,611 2 0.01 21,306 7.062 148.03 741 169 - 180.................... 128,787 4 0.02 32,197 8.754 178.59 727 193 - 204.................... 23,136 1 (1) 23,136 5.000 193.00 805 205 - 216.................... 3,235,633 147 0.43 22,011 6.659 210.57 717 217 - 228.................... 183,877 7 0.02 26,268 6.662 220.88 733 229 - 240.................... 229,030 7 0.03 32,719 5.906 236.11 728 241 - 252.................... 389,598 16 0.05 24,350 6.509 243.59 736 253 - 264.................... 1,250,247 50 0.17 25,005 6.649 260.24 729 265 - 276.................... 4,406,043 171 0.59 25,766 6.706 271.25 723 277 - 288.................... 12,227,759 580 1.64 21,082 6.894 282.91 718 289 - 300.................... 723,836,753 22,030 97.01 32,857 6.032 298.70 707 337 - 348.................... 79,516 1 0.01 79,516 8.000 344.00 741 Total................... ---------------- -------- ------------ $ 746,160,759 23,025 100.00% ================ ======== ============ Weighted Average Combined Range of Months Remaining to Loan-to-Value Scheduled Maturity Ratio ------------------------------ -------------- 61 - 72...................... 97.0% 97 - 108..................... 89.5 109 - 120.................... 90.0 145 - 156.................... 98.3 169 - 180.................... 98.9 193 - 204.................... 88.9 205 - 216.................... 79.5 217 - 228.................... 74.4 229 - 240.................... 85.7 241 - 252.................... 80.1 253 - 264.................... 88.3 265 - 276.................... 88.1 277 - 288.................... 86.4 289 - 300.................... 87.4 337 - 348.................... 97.9 Total................... -------------- (1) Less than 0.01%. As of the Cut-off Date, the weighted average remaining months to scheduled maturity of the cut-off mortgage loans in loan group 1 was approximately 298. The above table assumes that the draw period for the cut-off mortgage loans with five year draw periods and fifteen year repayment periods will be extended for an additional five years.

Combined Loan-to-Value Ratios for the Group 1 Mortgage Loans ------------------------------------------------------------------------------------------------------------------------------ Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Range of Combined Loan-to-Value Balance Mortgage Balance Principal Mortgage Term Bureau Ratio (%) Outstanding Loans Outstanding Balance Rate (months) Risk Score -------------------------------- -------------- ---------- ------------- ----------- ----------- ----------- ------------ 0.01 - 10.00................. $ 33,841 4 (1) $ 8,460 7.193% 297.15 716 10.01 - 20.00................ 426,325 14 0.06% 30,452 5.248 298.56 708 20.01 - 30.00................ 1,435,907 58 0.19 24,757 5.016 297.87 732 30.01 - 40.00................ 4,880,105 180 0.65 27,112 5.219 297.67 717 40.01 - 50.00................ 12,612,105 418 1.69 30,172 5.285 297.03 713 50.01 - 60.00................ 21,467,041 722 2.88 29,733 5.358 297.41 709 60.01 - 70.00................ 66,370,026 2,068 8.89 32,094 5.242 297.88 705 70.01 - 80.00................ 95,471,859 2,990 12.80 31,930 5.346 297.24 698 80.01 - 90.00................ 190,703,756 6,598 25.56 28,903 6.234 297.17 699 90.01 - 100.00............... 352,273,093 9,961 47.21 35,365 6.391 298.12 714 Greater than 100.00.......... 486,701 12 0.07 40,558 5.838 298.80 717 Total................... ---------------- --------- ------------ $ 746,160,759 23,025 100.00% ================ ========= ============ Weighted Average Combined Range of Combined Loan-to-Value Loan-to-Value Ratio (%) Ratio -------------------------------- -------------- 0.01 - 10.00................. 8.7% 10.01 - 20.00................ 17.3 20.01 - 30.00................ 25.0 30.01 - 40.00................ 35.5 40.01 - 50.00................ 45.5 50.01 - 60.00................ 55.7 60.01 - 70.00................ 67.0 70.01 - 80.00................ 77.8 80.01 - 90.00................ 88.4 90.01 - 100.00............... 97.7 Greater than 100.00.......... 102.2 Total................... -------------- (1) Less than 0.01%. ------------------------------------------------------------------------------------------------------------------------------ As of the Cut-off Date, the weighted average combined loan-to-value ratio of the cut-off mortgage loans in loan group 1 was approximately 87.37%.

The geographic location used for the following table is determined by the address of the mortgaged property securing the related mortgage loan. Geographic Distribution for the Group 1 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau State Outstanding Loans Outstanding Balance Rate (months) Risk Score ----------------------------- ---------------- ---------- -------------- ----------- ------------ ----------- ------------ Alabama...................... $ 9,813,489 372 1.32% $ 26,380 5.520% 297.58 709 Alaska....................... 1,862,801 43 0.25 43,321 5.755 298.39 681 Arizona...................... 39,831,949 1,261 5.34 31,588 6.064 297.96 711 California................... 141,518,249 3,597 18.97 39,343 6.445 297.39 704 Colorado..................... 31,572,885 962 4.23 32,820 5.737 298.03 712 Connecticut.................. 7,803,698 222 1.05 35,152 6.028 298.58 702 Delaware..................... 2,928,280 83 0.39 35,280 5.988 297.87 680 District of Columbia......... 887,911 21 0.12 42,281 6.842 298.68 681 Florida...................... 71,395,319 2,276 9.57 31,369 6.269 297.97 711 Georgia...................... 20,390,032 679 2.73 30,030 5.782 298.23 705 Hawaii....................... 9,463,897 212 1.27 44,641 6.133 297.56 719 Idaho........................ 5,262,125 214 0.71 24,589 6.311 297.04 706 Illinois..................... 27,984,400 921 3.75 30,385 5.951 297.79 711 Indiana...................... 7,663,187 330 1.03 23,222 5.749 297.62 701 Iowa......................... 2,402,544 103 0.32 23,326 5.601 297.74 702 Kansas....................... 4,904,609 186 0.66 26,369 5.677 297.40 708 Kentucky..................... 6,949,370 250 0.93 27,797 5.342 298.24 715 Louisiana.................... 5,136,937 194 0.69 26,479 5.868 297.72 709 Maine........................ 2,891,146 88 0.39 32,854 5.283 297.01 701 Maryland..................... 15,340,004 445 2.06 34,472 6.001 297.59 700 Massachusetts................ 18,632,994 519 2.50 35,902 5.959 297.80 706 Michigan..................... 17,537,393 653 2.35 26,857 5.567 296.56 706 Minnesota.................... 11,685,456 376 1.57 31,078 5.776 297.89 712 Mississippi.................. 2,156,689 90 0.29 23,963 5.539 297.85 696 Missouri..................... 11,733,294 452 1.57 25,959 5.680 297.95 711 Montana...................... 3,919,454 142 0.53 27,602 5.587 298.23 724 Nebraska..................... 1,330,390 54 0.18 24,637 6.328 294.19 706 Nevada....................... 38,817,961 1,029 5.20 37,724 6.556 298.47 713 New Hampshire................ 4,170,091 129 0.56 32,326 5.785 298.41 699 New Jersey................... 29,279,344 792 3.92 36,969 6.446 297.95 702 New Mexico................... 4,045,492 150 0.54 26,970 5.804 294.93 713 New York..................... 26,377,139 710 3.54 37,151 5.729 297.59 703 North Carolina............... 12,635,807 470 1.69 26,885 5.615 297.23 709 North Dakota................. 669,185 18 0.09 37,177 5.233 299.17 693 Ohio......................... 17,927,998 673 2.40 26,639 5.674 297.09 701 Oklahoma..................... 3,819,240 151 0.51 25,293 5.580 297.47 699 Oregon....................... 11,992,803 398 1.61 30,133 6.024 297.13 707 Pennsylvania................. 19,634,594 695 2.63 28,251 5.604 297.60 701 Rhode Island................. 2,735,267 82 0.37 33,357 6.482 297.48 694 South Carolina............... 6,261,068 241 0.84 25,980 5.803 298.27 713 South Dakota................. 589,297 28 0.08 21,046 5.716 298.57 707 Tennessee.................... 9,655,136 359 1.29 26,895 5.748 297.55 714 Texas........................ 3,730,424 149 0.50 25,036 5.879 298.82 714 Utah......................... 9,878,630 347 1.32 28,469 6.151 297.08 713 Vermont...................... 594,706 24 0.08 24,779 5.256 298.03 718 Virginia..................... 21,809,235 634 2.92 34,399 5.910 297.92 702 Washington................... 27,243,747 782 3.65 34,839 6.073 297.90 709 West Virginia................ 1,821,950 66 0.24 27,605 5.538 296.83 703 Wisconsin.................... 8,174,029 306 1.10 26,713 5.704 297.95 703 Wyoming...................... 1,299,111 47 0.17 27,641 6.298 292.96 708 Total................... -------------- --------- ----------- $ 746,160,759 23,025 100.00% ============== ========= =========== Weighted Average Combined Loan-to-Value State Ratio ----------------------------- -------------- Alabama...................... 93.7% Alaska....................... 85.4 Arizona...................... 91.2 California................... 81.3 Colorado..................... 92.3 Connecticut.................. 84.8 Delaware..................... 86.6 District of Columbia......... 84.6 Florida...................... 88.4 Georgia...................... 93.1 Hawaii....................... 80.9 Idaho........................ 90.8 Illinois..................... 89.9 Indiana...................... 93.3 Iowa......................... 93.4 Kansas....................... 94.1 Kentucky..................... 93.6 Louisiana.................... 91.1 Maine........................ 84.4 Maryland..................... 84.4 Massachusetts................ 82.1 Michigan..................... 90.9 Minnesota.................... 89.0 Mississippi.................. 91.5 Missouri..................... 91.3 Montana...................... 83.2 Nebraska..................... 92.6 Nevada....................... 86.5 New Hampshire................ 86.6 New Jersey................... 84.8 New Mexico................... 89.4 New York..................... 80.3 North Carolina............... 92.2 North Dakota................. 89.7 Ohio......................... 92.4 Oklahoma..................... 93.6 Oregon....................... 88.3 Pennsylvania................. 88.3 Rhode Island................. 81.3 South Carolina............... 93.3 South Dakota................. 93.2 Tennessee.................... 93.9 Texas........................ 88.0 Utah......................... 91.2 Vermont...................... 81.7 Virginia..................... 86.8 Washington................... 91.6 West Virginia................ 87.0 Wisconsin.................... 90.4 Wyoming...................... 90.3 Total...................

Credit Scores for the Mortgage Loans for the Group 1 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Range of Credit Scores Outstanding Loans Outstanding Balance Rate (months) Risk Score ------------------------------ ---------------- ---------- ------------- ----------- ----------- ------------ ------------ 821 - 840.................... $ 1,579,955 62 0.21% $ 25,483 5.181% 298.50 828 801 - 820.................... 10,912,575 373 1.46 29,256 5.855 297.14 807 781 - 800.................... 34,090,322 1,183 4.57 28,817 5.871 297.14 789 761 - 780.................... 58,083,562 1,954 7.78 29,725 6.041 297.08 770 741 - 760.................... 82,957,110 2,602 11.12 31,882 6.053 297.54 750 721 - 740.................... 97,531,840 2,974 13.07 32,795 6.130 297.53 730 701 - 720.................... 123,047,185 3,611 16.49 34,076 6.064 298.06 710 681 - 700.................... 111,700,875 3,345 14.97 33,393 6.028 297.94 690 661 - 680.................... 112,351,850 3,335 15.06 33,689 5.868 297.68 670 641 - 660.................... 58,577,636 1,835 7.85 31,922 5.668 297.99 651 621 - 640.................... 39,631,466 1,243 5.31 31,884 5.677 298.06 631 601 - 620.................... 9,572,994 304 1.28 31,490 9.247 296.75 612 581 - 600.................... 4,840,058 154 0.65 31,429 11.637 297.54 591 561 - 580.................... 767,672 32 0.10 23,990 11.147 297.52 574 560 or less.................. 515,661 18 0.07 28,648 11.635 298.08 540 Total................... -------------- --------- ----------- $ 746,160,759 23,025 100.00% ============== ========= =========== Weighted Average Combined Loan-to-Value Range of Credit Scores Ratio ------------------------------ -------------- 821 - 840.................... 75.0% 801 - 820.................... 82.5 781 - 800.................... 85.1 761 - 780.................... 87.5 741 - 760.................... 88.4 721 - 740.................... 88.7 701 - 720.................... 88.9 681 - 700.................... 88.5 661 - 680.................... 88.1 641 - 660.................... 85.3 621 - 640.................... 82.5 601 - 620.................... 77.8 581 - 600.................... 77.9 561 - 580.................... 79.1 560 or less.................. 79.1 Total................... As of the Cut-off Date, the weighted average credit score of the cut-off mortgage loans in loan group 1 was approximately 707.

Property Type for the Group 1 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Property Type Outstanding Loans Outstanding Balance Rate (months) Risk Score ------------------------------ --------------- ----------- ------------- ------------ ----------- ------------ ------------ Single Family................ $ 513,227,335 16,200 68.78% $ 31,681 5.878% 297.43 704 Planned Unit Development (PUD) 134,479,016 3,843 18.02 34,993 6.112 298.04 713 Low-Rise Condominium......... 70,457,748 2,250 9.44 31,315 6.579 298.62 718 2-4 Units.................... 21,399,210 508 2.87 42,124 7.836 298.62 714 High-Rise Condominium........ 6,597,451 224 0.88 29,453 7.309 298.90 720 Total................... -------------- --------- ----------- $ 746,160,759 23,025 100.00% ============== ========= =========== Weighted Average Combined Loan-to-Value Property Type Ratio ------------------------------ -------------- Single Family................ 86.2% Planned Unit Development (PUD) 89.8 Low-Rise Condominium......... 90.3 2-4 Units.................... 88.7 High-Rise Condominium........ 90.6 Total...................

Gross Margins for the Group 1 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Range of Gross Margins (%) Outstanding Loans Outstanding Balance Rate (months) Risk Score ----------------------------- -------------- ----------- ------------ -------------- ------------ ------------ ----------- Less than or equal to 0.000.. $ 61,355,250 1,910 8.22% $ 32,123 4.464% 296.95 742 0.001 - 0.250................ 19,372,147 602 2.60 32,180 4.494 296.16 689 0.251 - 0.500................ 70,183,270 2,070 9.41 33,905 4.756 296.64 717 0.501 - 0.750................ 11,389,488 284 1.53 40,104 5.601 294.83 702 0.751 - 1.000................ 23,753,483 611 3.18 38,876 5.820 298.47 717 1.001 - 1.250................ 29,293,950 987 3.93 29,680 4.827 296.65 665 1.251 - 1.500................ 18,557,332 574 2.49 32,330 5.270 298.34 721 1.501 - 1.750................ 20,251,566 562 2.71 36,035 6.205 298.16 698 1.751 - 2.000................ 56,973,829 2,134 7.64 26,698 5.502 296.99 731 2.001 - 2.250................ 42,785,822 1,393 5.73 30,715 5.754 297.17 696 2.251 - 2.500................ 110,938,043 3,418 14.87 32,457 5.783 298.43 732 2.501 - 2.750................ 26,233,993 764 3.52 34,338 7.268 298.39 698 2.751 - 3.000................ 47,841,512 1,500 6.41 31,894 5.801 297.88 681 3.001 - 3.250................ 9,786,940 300 1.31 32,623 6.422 298.68 697 3.251 - 3.500................ 100,671,143 2,833 13.49 35,535 6.686 298.48 698 3.501 - 3.750................ 15,085,500 547 2.02 27,579 7.763 298.29 714 3.751 - 4.000................ 12,407,436 397 1.66 31,253 8.300 298.06 700 4.001 - 4.250................ 16,461,956 530 2.21 31,060 7.683 298.66 699 4.251 - 4.500................ 18,101,984 462 2.43 39,182 8.656 298.06 683 4.501 - 4.750................ 6,449,407 223 0.86 28,921 7.885 298.64 688 4.751 - 5.000................ 2,285,145 79 0.31 28,926 7.510 295.81 680 5.001 - 5.250................ 4,723,002 138 0.63 34,225 9.584 298.90 687 5.251 - 5.500................ 1,821,887 55 0.24 33,125 6.423 298.26 660 5.501 - 5.750................ 1,427,828 44 0.19 32,451 10.112 298.56 670 5.751 - 6.000................ 257,718 7 0.03 36,817 8.363 298.61 667 6.001 - 6.250................ 11,478,403 401 1.54 28,624 11.476 297.36 623 6.251 - 6.500................ 4,786,956 156 0.64 30,686 11.797 297.69 593 6.501 - 6.750................ 757,754 24 0.10 31,573 12.181 298.00 618 6.751 - 7.000................ 166,044 5 0.02 33,209 12.151 297.71 662 7.001 - 7.250................ 243,779 6 0.03 40,630 12.266 298.27 674 7.251 - 7.500................ 14,506 1 (1) 14,506 12.750 297.00 680 7.501 - 7.750................ 125,752 3 0.02 41,917 13.077 297.24 613 7.751 - 8.000................ 28,537 2 (1) 14,269 12.621 299.00 649 8.001 - 8.250................ 46,400 1 0.01 46,400 13.750 299.00 678 8.501 - 8.750................ 91,000 1 0.01 91,000 11.875 300.00 586 9.251 - 9.500................ 12,000 1 (1) 12,000 9.250 299.00 686 Total................... --------------- --------- ------------ $ 746,160,759 23,025 100.00% =============== ========= ============ Weighted Average Combined Loan-to-Value Range of Gross Margins (%) Ratio ----------------------------- --------------- Less than or equal to 0.000.. 70.0% 0.001 - 0.250................ 64.8 0.251 - 0.500................ 76.8 0.501 - 0.750................ 74.8 0.751 - 1.000................ 83.0 1.001 - 1.250................ 72.9 1.251 - 1.500................ 87.9 1.501 - 1.750................ 80.7 1.751 - 2.000................ 90.2 2.001 - 2.250................ 88.2 2.251 - 2.500................ 95.9 2.501 - 2.750................ 91.4 2.751 - 3.000................ 91.5 3.001 - 3.250................ 93.8 3.251 - 3.500................ 98.0 3.501 - 3.750................ 93.8 3.751 - 4.000................ 94.6 4.001 - 4.250................ 94.7 4.251 - 4.500................ 96.7 4.501 - 4.750................ 95.6 4.751 - 5.000................ 95.0 5.001 - 5.250................ 94.9 5.251 - 5.500................ 95.7 5.501 - 5.750................ 89.5 5.751 - 6.000................ 97.1 6.001 - 6.250................ 79.3 6.251 - 6.500................ 77.7 6.501 - 6.750................ 85.7 6.751 - 7.000................ 92.1 7.001 - 7.250................ 88.9 7.251 - 7.500................ 92.4 7.501 - 7.750................ 88.4 7.751 - 8.000................ 87.9 8.001 - 8.250................ 100.0 8.501 - 8.750................ 84.9 9.251 - 9.500................ 61.5 Total................... -------------- (1) Less than 0.01%. As of the Cut-off Date, the weighted average gross margin of the cut-off mortgage loans in loan group 1 was approximately 2.264%.

The credit limit utilization rates in the following table are determined by dividing the principal balance as of the Cut-off Date for the particular grouping by the aggregate of the credit limits of the related credit line agreements. Credit Limit Utilization Rates for the Group 1 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Range of Credit Balance Mortgage Balance Principal Mortgage Term Bureau Limit Utilization Rates (%) Outstanding Loans Outstanding Balance Rate (months) Risk Score ------------------------------ --------------- ---------- ------------- ------------ ----------- ----------- ------------ 0.01 - 10.00................. $ 1,385,983 433 0.19% $ 3,201 5.821% 294.76 728 10.01 - 20.00................ 4,149,147 559 0.56 7,422 5.585 295.55 727 20.01 - 30.00................ 7,742,960 662 1.04 11,696 5.574 295.27 724 30.01 - 40.00................ 11,740,469 717 1.57 16,374 5.681 296.01 711 40.01 - 50.00................ 17,051,818 855 2.29 19,944 5.293 296.19 716 50.01 - 60.00................ 22,187,957 903 2.97 24,571 5.397 296.00 710 60.01 - 70.00................ 26,584,803 954 3.56 27,867 5.662 297.43 704 70.01 - 80.00................ 37,215,570 1,159 4.99 32,110 5.424 296.66 702 80.01 - 90.00................ 39,336,954 1,098 5.27 35,826 5.468 295.40 703 90.01 - 100.00............... 578,765,097 15,685 77.57 36,899 6.220 298.14 707 Total................... --------------- --------- ----------- $ 746,160,759 23,025 100.00% =============== ========= =========== Weighted Average Combined Range of Credit Loan-to-Value Limit Utilization Rates (%) Ratio ------------------------------ -------------- 0.01 - 10.00................. 71.1% 10.01 - 20.00................ 72.3 20.01 - 30.00................ 73.9 30.01 - 40.00................ 75.1 40.01 - 50.00................ 74.6 50.01 - 60.00................ 75.8 60.01 - 70.00................ 77.1 70.01 - 80.00................ 78.9 80.01 - 90.00................ 81.6 90.01 - 100.00............... 90.2 Total................... As of the Cut-off Date, the average credit limit utilization rate of the cut-off mortgage loans in loan group 1 was approximately 84.50%.

Maximum Loan Rates for the Group 1 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Maximum Loan Rates (%) Outstanding Loans Outstanding Balance Rate (months) Risk Score ------------------------------ --------------- ----------- ------------- ----------- ----------- ------------ ----------- 9.000........................ $ 39,400 1 0.01% $ 39,400 9.000% 298.00 770 11.625....................... 87,820 2 0.01 43,910 11.625 299.39 604 11.949....................... 245,000 3 0.03 81,667 7.209 299.56 723 12.500....................... 54,957 4 0.01 13,739 6.597 210.39 718 16.000....................... 36,834,878 1,106 4.94 33,305 5.665 298.27 705 17.000....................... 75,071,922 2,424 10.06 30,970 6.246 298.01 712 18.000....................... 617,809,373 18,938 82.80 32,623 5.910 297.64 709 20.000....................... 17,394 1 (1) 17,394 11.375 300.00 537 21.000....................... 16,000,014 546 2.14 29,304 11.612 297.40 611 Total................... --------------- --------- ----------- $ 746,160,759 23,025 100.00% =============== ========= =========== Weighted Average Combined Loan-to-Value Maximum Loan Rates (%) Ratio ------------------------------ -------------- 9.000........................ 100.0% 11.625....................... 86.4 11.949....................... 100.0 12.500....................... 80.6 16.000....................... 84.4 17.000....................... 88.4 18.000....................... 87.7 20.000....................... 77.0 21.000....................... 78.2 Total................... -------------- (1) Less than 0.01%. As of the Cut-off Date, the weighted average maximum loan rate of the cut-off mortgage loans in loan group 1 was approximately 17.861%.

Credit Limits for the Group 1 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Range of Credit Limits ($) Outstanding Loans Outstanding Balance Rate (months) Risk Score ------------------------------ --------------- ----------- ------------- ----------- ----------- ------------ ----------- 0.01 - 10,000.00............. $ 2,545,400 340 0.34% $ 7,486 6.447% 294.68 710 10,000.01 - 20,000.00........ 58,895,144 4,281 7.89 13,757 6.330 296.96 705 20,000.01 - 30,000.00........ 136,583,011 6,021 18.30 22,684 5.973 297.52 707 30,000.01 - 40,000.00........ 130,127,452 4,174 17.44 31,176 6.178 297.88 708 40,000.01 - 50,000.00........ 112,502,392 2,989 15.08 37,639 5.959 297.72 707 50,000.01 - 60,000.00........ 83,399,275 1,710 11.18 48,772 6.209 298.05 707 60,000.01 - 70,000.00........ 65,445,530 1,169 8.77 55,984 6.188 298.31 709 70,000.01 - 80,000.00........ 41,291,607 710 5.53 58,157 5.828 298.09 703 80,000.01 - 90,000.00........ 25,211,954 384 3.38 65,656 5.976 297.82 700 90,000.01 - 100,000.00....... 45,849,979 751 6.14 61,052 5.690 297.17 705 100,000.01 - 125,000.00...... 18,616,364 220 2.49 84,620 6.073 297.24 708 125,000.01 - 150,000.00...... 22,720,709 247 3.05 91,987 5.905 297.42 717 150,000.01 - 175,000.00...... 2,938,439 28 0.39 104,944 5.590 298.60 732 175,000.01 - 200,000.00...... 33,500 1 (1) 33,500 5.250 299.00 736 Total................... --------------- --------- ----------- $ 746,160,759 23,025 100.00% =============== ========= =========== Weighted Average Combined Loan-to-Value Range of Credit Limits ($) Ratio ------------------------------ -------------- 0.01 - 10,000.00............. 85.5% 10,000.01 - 20,000.00........ 86.3 20,000.01 - 30,000.00........ 89.8 30,000.01 - 40,000.00........ 90.2 40,000.01 - 50,000.00........ 87.0 50,000.01 - 60,000.00........ 90.5 60,000.01 - 70,000.00........ 90.1 70,000.01 - 80,000.00........ 85.2 80,000.01 - 90,000.00........ 84.8 90,000.01 - 100,000.00....... 76.1 100,000.01 - 125,000.00...... 84.4 125,000.01 - 150,000.00...... 75.1 150,000.01 - 175,000.00...... 82.6 175,000.01 - 200,000.00...... 84.9 Total................... -------------- (1) Less than 0.01%.

Lien Priority for the Group 1 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Lien Priority Outstanding Loans Outstanding Balance Rate (months) Risk Score ------------------------------ --------------- ----------- ------------- ----------- ----------- ------------ ----------- Second Liens................. $ 746,160,759 23,025 100.00% $ 32,407 6.055% 297.70 707 Total................... -------------- --------- ----------- $ 746,160,759 23,025 100.00% ============== ========= =========== Weighted Average Combined Loan-to-Value Lien Priority Ratio ------------------------------ -------------- Second Liens................. Total................... 87.4%

Delinquency Status for the Group 1 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Delinquency Status Outstanding Loans Outstanding Balance Rate (months) Risk Score ------------------------------ --------------- ----------- ------------- ----------- ----------- ------------ ----------- Current...................... $ 746,160,759 23,025 100.00% $ 32,407 6.055% 297.70 707 Total................... --------------- --------- ----------- $ 746,160,759 23,025 100.00% =============== ========= =========== Weighted Average Combined Loan-to-Value Delinquency Status Ratio ------------------------------ -------------- Current...................... 87.4% Total...................

Origination Year for the Group 1 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Origination Year Outstanding Loans Outstanding Balance Rate (months) Risk Score ------------------------------ --------------- ----------- ------------- ----------- ----------- ------------ ----------- 1996......................... $ 23,136 1 (1) $ 23,136 5.000% 193.00 805 1997......................... 3,202,695 149 0.43% 21,495 6.800 205.40 715 1998......................... 327,346 11 0.04 29,759 6.287 218.58 733 1999......................... 119,044 5 0.02 23,809 6.233 233.35 689 2000......................... 465,188 16 0.06 29,074 6.200 241.91 751 2001......................... 743,702 32 0.10 23,241 6.889 258.09 730 2002......................... 3,675,351 136 0.49 27,025 6.544 267.26 726 2003......................... 10,381,246 485 1.39 21,405 6.908 280.96 718 2004......................... 64,117,346 2,383 8.59 26,906 7.738 295.69 692 2005......................... 663,105,706 19,807 88.87 33,478 5.872 298.91 708 Total................... --------------- --------- ----------- $ 746,160,759 23,025 100.00% =============== ========= =========== Weighted Average Combined Loan-to-Value Origination Year Ratio ------------------------------ -------------- 1996......................... 88.9% 1997......................... 80.7 1998......................... 71.0 1999......................... 78.2 2000......................... 83.1 2001......................... 86.6 2002......................... 88.4 2003......................... 87.5 2004......................... 84.5 2005......................... 87.7 Total................... ____________________ (1) Less than 0.01%.

Loan Group 2 Principal Balances for the Group 2 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Range of Principal Balance Mortgage Balance Principal Mortgage Term Bureau Balances ($) Outstanding Loans Outstanding Balance Rate (months) Risk Score ------------------------------ --------------- ----------- ------------- ----------- ----------- ------------ ----------- 0.01 - 10,000.00............. $ 1,924,759 311 0.19% $ 6,189 6.165% 296.50 719 10,000.01 - 20,000.00........ 9,393,690 588 0.91 15,976 6.726 297.90 707 20,000.01 - 30,000.00........ 22,657,174 879 2.21 25,776 6.410 298.31 699 30,000.01 - 40,000.00........ 27,668,201 768 2.69 36,026 6.744 298.11 702 40,000.01 - 50,000.00........ 58,647,215 1,286 5.71 45,604 6.968 298.23 703 50,000.01 - 60,000.00........ 56,127,650 1,008 5.47 55,682 6.905 298.43 705 60,000.01 - 70,000.00........ 52,211,559 799 5.08 65,346 6.906 298.41 706 70,000.01 - 80,000.00........ 71,761,297 953 6.99 75,300 6.968 298.36 714 80,000.01 - 90,000.00........ 60,040,818 704 5.85 85,285 6.864 298.47 711 90,000.01 - 100,000.00....... 78,112,629 807 7.61 96,794 6.739 298.15 711 100,000.01 - 125,000.00...... 108,704,724 966 10.59 112,531 7.151 298.35 719 125,000.01 - 150,000.00...... 108,402,879 771 10.56 140,600 6.959 298.23 710 150,000.01 - 175,000.00...... 38,566,120 237 3.76 162,726 6.792 298.38 718 175,000.01 - 200,000.00...... 50,870,001 266 4.95 191,241 6.496 297.73 717 200,000.01 - 225,000.00...... 18,797,204 88 1.83 213,605 6.631 298.71 711 225,000.01 - 250,000.00...... 27,932,876 116 2.72 240,801 6.538 298.27 719 250,000.01 - 275,000.00...... 14,735,020 56 1.43 263,125 6.553 298.79 708 275,000.01 - 300,000.00...... 23,097,299 79 2.25 292,371 6.368 298.53 707 300,000.01 - 325,000.00...... 15,054,179 48 1.47 313,629 6.545 298.89 715 325,000.01 - 350,000.00...... 19,043,693 56 1.85 340,066 6.561 298.84 711 350,000.01 - 375,000.00...... 8,350,251 23 0.81 363,054 6.458 298.61 725 375,000.01 - 400,000.00...... 8,929,069 23 0.87 388,220 6.912 298.70 709 400,000.01 - 425,000.00...... 9,141,969 22 0.89 415,544 6.142 298.68 710 425,000.01 - 450,000.00...... 9,251,893 21 0.90 440,566 6.697 298.38 718 450,000.01 - 475,000.00...... 7,416,681 16 0.72 463,543 6.708 298.69 713 475,000.01 - 500,000.00...... 27,280,022 55 2.66 496,000 6.322 299.07 719 500,000.01 - 525,000.00...... 4,589,158 9 0.45 509,906 6.110 298.67 688 525,000.01 - 550,000.00...... 3,779,691 7 0.37 539,956 6.465 298.86 722 550,000.01 - 575,000.00...... 4,468,396 8 0.44 558,549 6.881 298.62 706 575,000.01 - 600,000.00...... 2,970,000 5 0.29 594,000 5.808 298.60 709 600,000.01 - 625,000.00...... 2,433,603 4 0.24 608,401 5.058 299.00 730 625,000.01 - 650,000.00...... 3,870,970 6 0.38 645,162 6.582 299.00 725 650,000.01 - 675,000.00...... 3,988,500 6 0.39 664,750 6.283 299.17 729 675,000.01 - 700,000.00...... 4,900,000 7 0.48 700,000 5.231 298.43 721 700,000.01 - 725,000.00...... 5,713,625 8 0.56 714,203 6.403 299.12 690 725,000.01 - 750,000.00...... 2,212,500 3 0.22 737,500 7.803 299.33 699 750,000.01 - 775,000.00...... 1,520,000 2 0.15 760,000 7.625 299.50 718 775,000.01 - 800,000.00...... 4,754,097 6 0.46 792,350 6.665 298.83 709 800,000.01 - 825,000.00...... 1,622,624 2 0.16 811,312 6.811 299.50 741 825,000.01 - 850,000.00...... 2,537,892 3 0.25 845,964 6.923 298.33 706 875,000.01 - 900,000.00...... 1,770,001 2 0.17 885,001 6.121 299.01 759 900,000.01 - 925,000.00...... 1,840,000 2 0.18 920,000 7.125 299.50 778 925,000.01 - 950,000.00...... 2,838,000 3 0.28 946,000 6.044 296.99 706 950,000.01 - 975,000.00...... 1,920,250 2 0.19 960,125 5.500 299.00 814 975,000.01 - 1,000,000.00.... 8,999,494 9 0.88 999,944 6.764 299.00 700 Greater than 1,000,000.00.... 25,991,508 17 2.53 1,528,912 6.227 298.82 708 --------------- ----------- ------------- Total................... $1,026,839,180 11,057 100.00% =============== =========== ============= Weighted Average Combined Range of Principal Loan-to-Value Balances ($) Ratio ------------------------------ -------------- 0.01 - 10,000.00............. 79.0% 10,000.01 - 20,000.00........ 83.9 20,000.01 - 30,000.00........ 83.9 30,000.01 - 40,000.00........ 85.8 40,000.01 - 50,000.00........ 87.6 50,000.01 - 60,000.00........ 88.6 60,000.01 - 70,000.00........ 88.5 70,000.01 - 80,000.00........ 90.8 80,000.01 - 90,000.00........ 91.8 90,000.01 - 100,000.00....... 88.6 100,000.01 - 125,000.00...... 92.3 125,000.01 - 150,000.00...... 87.7 150,000.01 - 175,000.00...... 87.4 175,000.01 - 200,000.00...... 82.4 200,000.01 - 225,000.00...... 83.5 225,000.01 - 250,000.00...... 83.0 250,000.01 - 275,000.00...... 82.9 275,000.01 - 300,000.00...... 80.9 300,000.01 - 325,000.00...... 86.1 325,000.01 - 350,000.00...... 84.7 350,000.01 - 375,000.00...... 84.3 375,000.01 - 400,000.00...... 86.1 400,000.01 - 425,000.00...... 81.0 425,000.01 - 450,000.00...... 82.6 450,000.01 - 475,000.00...... 80.6 475,000.01 - 500,000.00...... 73.2 500,000.01 - 525,000.00...... 85.0 525,000.01 - 550,000.00...... 80.2 550,000.01 - 575,000.00...... 89.3 575,000.01 - 600,000.00...... 78.9 600,000.01 - 625,000.00...... 87.4 625,000.01 - 650,000.00...... 76.8 650,000.01 - 675,000.00...... 87.2 675,000.01 - 700,000.00...... 80.1 700,000.01 - 725,000.00...... 78.0 725,000.01 - 750,000.00...... 93.6 750,000.01 - 775,000.00...... 75.0 775,000.01 - 800,000.00...... 81.5 800,000.01 - 825,000.00...... 81.3 825,000.01 - 850,000.00...... 83.8 875,000.01 - 900,000.00...... 86.3 900,000.01 - 925,000.00...... 75.3 925,000.01 - 950,000.00...... 71.7 950,000.01 - 975,000.00...... 84.9 975,000.01 - 1,000,000.00.... 70.6 Greater than 1,000,000.00.... 76.1 Total...................

Loan Programs for the Group 2 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Description of Loan Programs Outstanding Loans Outstanding Balance Rate (months) Risk Score ------------------------------ --------------- ----------- ------------- ----------- ----------- ------------ ----------- 5 Year Draw, 10 Year Repay..... $ 985,205 9 0.10% $ 109,467 6.982% 177.61 721 10 Year Draw, 15 Year Repay(1). 1,025,310,860 11,042 99.85 92,856 6.765 298.54 712 15 Year Draw, 0 Year Repay..... 287,689 3 0.03 95,896 6.288 177.41 702 15 Year Draw, 10 Year Repay.... 255,425 3 0.02 85,142 4.991 297.58 762 --------------- ----------- ------------- Total................... $1,026,839,180 11,057 100.00% =============== =========== ============= Weighted Average Combined Loan-to-Value Description of Loan Programs Ratio ------------------------------ -------------- 5 Year Draw, 10 Year Repay..... 94.8% 10 Year Draw, 15 Year Repay(1). 86.5 15 Year Draw, 0 Year Repay..... 96.2 15 Year Draw, 10 Year Repay.... 97.8 Total................... --------------

Loan Rates for the Group 2 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Range of Loans Rates (%) Outstanding Loans Outstanding Balance Rate (months) Risk Score ------------------------------ --------------- ----------- ------------- ----------- ----------- ------------ ----------- 3.001 - 3.500................ $ 166,405 2 0.02% $ 83,203 3.361% 299.00 695 3.501 - 4.000................ 138,187,383 1,721 13.46 80,295 3.984 298.88 705 4.001 - 4.500................ 28,017,607 367 2.73 76,342 4.264 298.58 711 4.501 - 5.000................ 9,748,314 88 0.95 110,776 4.941 298.25 726 5.001 - 5.500................ 171,758,630 1,807 16.73 95,052 5.389 298.70 722 5.501 - 6.000................ 62,430,657 567 6.08 110,107 5.857 297.06 725 6.001 - 6.500................ 90,543,666 765 8.82 118,358 6.330 298.34 714 6.501 - 7.000................ 77,574,117 557 7.55 139,271 6.830 298.41 712 7.001 - 7.500................ 66,309,078 728 6.46 91,084 7.314 297.40 714 7.501 - 8.000................ 126,605,311 1,405 12.33 90,111 7.816 298.41 714 8.001 - 8.500................ 68,039,859 792 6.63 85,909 8.294 298.63 706 8.501 - 9.000................ 74,614,920 876 7.27 85,177 8.847 298.48 708 9.001 - 9.500................ 40,030,720 437 3.90 91,603 9.382 298.22 710 9.501 - 10.000............... 36,552,900 416 3.56 87,868 9.797 298.60 715 10.001 - 10.500.............. 11,833,086 109 1.15 108,560 10.345 298.99 699 10.501 - 11.000.............. 7,414,227 77 0.72 96,289 10.770 298.76 686 11.001 - 11.500.............. 4,258,259 70 0.41 60,832 11.325 298.83 655 11.501 - 12.000.............. 12,064,805 264 1.17 45,700 11.679 297.36 617 12.001 - 12.500.............. 318,706 5 0.03 63,741 12.449 297.70 665 12.501 - 13.000.............. 89,750 2 0.01 44,875 12.774 298.38 680 Greater than 13.000.......... 280,778 2 0.03 140,389 13.388 298.00 686 --------------- ----------- ------------- Total................... $1,026,839,180 11,057 100.00% =============== =========== ============= Weighted Average Combined Loan-to-Value Range of Loans Rates (%) Ratio ------------------------------ -------------- 3.001 - 3.500................ 97.8% 3.501 - 4.000................ 82.3 4.001 - 4.500................ 90.1 4.501 - 5.000................ 88.0 5.001 - 5.500................ 84.7 5.501 - 6.000................ 75.0 6.001 - 6.500................ 79.4 6.501 - 7.000................ 83.0 7.001 - 7.500................ 89.0 7.501 - 8.000................ 90.1 8.001 - 8.500................ 90.7 8.501 - 9.000................ 94.7 9.001 - 9.500................ 95.4 9.501 - 10.000............... 97.0 10.001 - 10.500.............. 95.9 10.501 - 11.000.............. 94.9 11.001 - 11.500.............. 88.6 11.501 - 12.000.............. 80.4 12.001 - 12.500.............. 90.1 12.501 - 13.000.............. 94.5 Greater than 13.000.......... 97.6 Total................... As of the Cut-off Date, the weighted average loan rate of the cut-off mortgage loans in loan group 2 was approximately 6.764%.

Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Range of Months Remaining to Balance Mortgage Balance Principal Mortgage Term Bureau Scheduled Maturity Outstanding Loans Outstanding Balance Rate (months) Risk Score ------------------------------ --------------- ----------- ------------- ----------- ----------- ------------ ----------- 157 - 168.................... $ 35,223 1 (1) $ 35,223 7.250% 167.00 742 169 - 180.................... 1,237,672 11 0.12% 112,516 6.813 177.87 716 205 - 216.................... 451,494 9 0.04 50,166 6.210 209.83 703 217 - 228.................... 35,025 2 (1) 17,512 7.686 222.54 742 241 - 252.................... 125,607 2 0.01 62,803 5.250 249.39 719 253 - 264.................... 679,906 9 0.07 75,545 6.921 260.42 740 265 - 276.................... 1,228,269 15 0.12 81,885 6.551 269.92 753 277 - 288.................... 5,957,522 119 0.58 50,063 6.659 282.81 719 289 - 300.................... 1,017,088,462 10,889 99.05 93,405 6.765 298.74 712 --------------- ----------- ------------- Total................... $1,026,839,180 11,057 100.00% =============== =========== ============= Weighted Average Combined Range of Months Remaining to Loan-to-Value Scheduled Maturity Ratio ------------------------------ -------------- 157 - 168.................... 95.0% 169 - 180.................... 95.1 205 - 216.................... 74.8 217 - 228.................... 86.7 241 - 252.................... 84.6 253 - 264.................... 88.3 265 - 276.................... 79.3 277 - 288.................... 84.4 289 - 300.................... 86.5 Total................... -------------- (1) Less than 0.01%.

Combined Loan-to-Value Ratios for the Group 2 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Range of Combined Loan-to-Value Balance Mortgage Balance Principal Mortgage Term Bureau Ratio (%) Outstanding Loans Outstanding Balance Rate (months) Risk Score ------------------------------ --------------- ----------- ------------- ----------- ----------- ------------ ----------- 0.01 - 10.00................. $ 114,500 2 0.01% $ 57,250 6.859% 298.59 687 20.01 - 30.00................ 521,194 8 0.05 65,149 5.515 297.97 770 30.01 - 40.00................ 2,414,305 23 0.24 104,970 5.812 298.74 731 40.01 - 50.00................ 10,817,777 108 1.05 100,165 5.827 297.75 718 50.01 - 60.00................ 23,708,642 226 2.31 104,905 5.496 298.46 712 60.01 - 70.00................ 86,400,763 798 8.41 108,272 5.810 298.30 706 70.01 - 80.00................ 180,324,863 1,542 17.56 116,942 5.957 298.46 709 80.01 - 90.00................ 303,060,768 3,415 29.51 88,744 6.695 298.52 707 90.01 - 100.00............... 418,018,395 4,921 40.71 84,946 7.457 298.30 717 Greater than 100.00.......... 1,457,974 14 0.14 104,141 8.483 298.52 724 --------------- ----------- ------------- Total................... $1,026,839,180 11,057 100.00% =============== =========== ============= Weighted Average Combined Range of Combined Loan-to-Value Loan-to-Value Ratio (%) Ratio ------------------------------ -------------- 0.01 - 10.00................. 10.0% 20.01 - 30.00................ 24.8 30.01 - 40.00................ 36.3 40.01 - 50.00................ 46.2 50.01 - 60.00................ 56.2 60.01 - 70.00................ 66.7 70.01 - 80.00................ 77.3 80.01 - 90.00................ 87.7 90.01 - 100.00............... 96.7 Greater than 100.00.......... 102.2 Total...................

Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau State Outstanding Loans Outstanding Balance Rate (months) Risk Score ------------------------------ --------------- ----------- ------------- ----------- ----------- ------------ ----------- Alabama...................... $ 2,455,484 48 0.24% $ 51,156 5.777% 298.75 699 Alaska....................... 1,246,989 5 0.12 249,398 5.835 299.34 707 Arizona...................... 19,128,907 285 1.86 67,119 6.668 298.61 715 California................... 615,981,287 5,838 59.99 105,512 6.877 298.31 712 Colorado..................... 22,776,536 260 2.22 87,602 6.437 298.31 715 Connecticut.................. 10,096,898 89 0.98 113,448 6.935 298.80 713 Delaware..................... 695,496 12 0.07 57,958 6.660 297.18 701 District of Columbia......... 1,817,236 19 0.18 95,644 6.244 298.82 700 Florida...................... 67,791,442 750 6.60 90,389 7.022 298.55 716 Georgia...................... 7,251,655 118 0.71 61,455 6.203 297.48 711 Hawaii....................... 10,910,401 88 1.06 123,982 6.732 298.77 722 Idaho........................ 1,586,983 31 0.15 51,193 6.264 295.54 719 Illinois..................... 22,810,351 271 2.22 84,171 6.660 298.53 705 Indiana...................... 2,866,621 58 0.28 49,424 6.415 297.25 699 Iowa......................... 630,385 8 0.06 78,798 5.619 298.80 704 Kansas....................... 1,336,778 28 0.13 47,742 6.282 297.85 700 Kentucky..................... 2,706,617 41 0.26 66,015 5.954 298.87 698 Louisiana.................... 835,793 28 0.08 29,850 6.098 298.80 690 Maine........................ 1,445,847 20 0.14 72,292 5.904 298.76 705 Maryland..................... 11,702,413 169 1.14 69,245 5.830 297.56 701 Massachusetts................ 20,919,876 228 2.04 91,754 6.499 298.65 717 Michigan..................... 4,129,682 72 0.40 57,357 6.394 297.00 693 Minnesota.................... 6,087,207 64 0.59 95,113 6.162 298.56 715 Mississippi.................. 314,955 8 0.03 39,369 4.772 299.35 715 Missouri..................... 3,334,720 56 0.32 59,549 5.717 298.76 717 Montana...................... 932,545 21 0.09 44,407 5.670 298.96 703 Nebraska..................... 127,622 5 0.01 25,524 5.049 299.04 658 Nevada....................... 40,173,041 533 3.91 75,372 6.981 298.68 714 New Hampshire................ 3,054,495 43 0.30 71,035 6.011 298.58 717 New Jersey................... 27,662,469 348 2.69 79,490 6.490 298.64 705 New Mexico................... 1,202,440 23 0.12 52,280 7.186 298.49 709 New York..................... 30,781,357 343 3.00 89,742 6.258 298.80 714 North Carolina............... 5,511,665 87 0.54 63,352 5.977 298.76 725 North Dakota................. 20,287 1 (1) 20,287 3.990 299.00 724 Ohio......................... 3,747,422 68 0.36 55,109 6.479 298.49 700 Oklahoma..................... 1,219,040 17 0.12 71,708 7.167 298.99 700 Oregon....................... 6,478,063 93 0.63 69,657 6.197 298.42 721 Pennsylvania................. 5,962,241 106 0.58 56,248 6.441 297.36 704 Rhode Island................. 2,223,423 21 0.22 105,877 7.217 298.47 717 South Carolina............... 3,413,738 39 0.33 87,532 6.600 298.31 720 South Dakota................. 49,789 2 (1) 24,895 4.308 299.00 644 Tennessee.................... 3,050,273 52 0.30 58,659 6.121 298.77 713 Texas........................ 1,886,985 34 0.18 55,500 5.216 299.05 719 Utah......................... 6,027,936 63 0.59 95,682 6.409 298.80 733 Vermont...................... 229,539 2 0.02 114,769 7.896 298.26 684 Virginia..................... 18,453,149 256 1.80 72,083 6.876 298.28 703 Washington................... 20,396,678 247 1.99 82,578 6.738 298.72 712 West Virginia................ 471,463 11 0.05 42,860 5.968 299.29 737 Wisconsin.................... 2,656,106 44 0.26 60,366 6.197 298.33 706 Wyoming...................... 246,855 4 0.02 61,714 6.765 299.64 739 --------------- ----------- ----------- Total................... $1,026,839,180 11,057 100.00% =============== =========== =========== Weighted Average Combined Loan-to-Value State Ratio ------------------------------ -------------- Alabama...................... 91.5% Alaska....................... 62.9 Arizona...................... 89.3 California................... 86.4 Colorado..................... 89.9 Connecticut.................. 84.6 Delaware..................... 85.9 District of Columbia......... 86.4 Florida...................... 86.2 Georgia...................... 91.9 Hawaii....................... 79.1 Idaho........................ 82.5 Illinois..................... 88.5 Indiana...................... 90.6 Iowa......................... 86.3 Kansas....................... 90.4 Kentucky..................... 84.4 Louisiana.................... 90.3 Maine........................ 79.8 Maryland..................... 86.4 Massachusetts................ 84.9 Michigan..................... 87.0 Minnesota.................... 84.2 Mississippi.................. 95.4 Missouri..................... 89.2 Montana...................... 88.1 Nebraska..................... 85.1 Nevada....................... 88.6 New Hampshire................ 88.8 New Jersey................... 85.2 New Mexico................... 87.9 New York..................... 81.7 North Carolina............... 86.6 North Dakota................. 89.8 Ohio......................... 91.6 Oklahoma..................... 91.2 Oregon....................... 86.7 Pennsylvania................. 86.3 Rhode Island................. 85.8 South Carolina............... 85.3 South Dakota................. 79.9 Tennessee.................... 90.0 Texas........................ 81.3 Utah......................... 89.0 Vermont...................... 86.8 Virginia..................... 87.5 Washington................... 89.7 West Virginia................ 90.2 Wisconsin.................... 85.2 Wyoming...................... 76.1 Total................... -------------- (1) Less than 0.01%.

Property Type for the Group 2 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Property Type Outstanding Loans Outstanding Balance Rate (months) Risk Score ------------------------------ --------------- ----------- ------------- ----------- ----------- ------------ ----------- Single Family................ $ 681,815,149 7,187 66.40% $ 94,868 6.715% 298.31 710 Planned Unit Development (PUD) 230,185,631 2,434 22.42 94,571 6.667 298.56 713 Low-Rise Condominium......... 67,789,100 921 6.60 73,604 7.088 298.63 718 2-4 Units.................... 30,850,117 290 3.00 106,380 7.629 298.13 721 High-Rise Condominium........ 13,757,575 150 1.34 91,717 7.706 298.88 718 Manufactured Housing (1)..... 2,441,608 75 0.24 32,555 4.411 298.71 706 --------------- ----------- ------------- Total................... $1,026,839,180 11,057 100.00% =============== =========== ============= Weighted Average Combined Loan-to-Value Property Type Ratio ------------------------------ -------------- Single Family................ 85.7% Planned Unit Development (PUD) 87.4 Low-Rise Condominium......... 90.4 2-4 Units.................... 87.6 High-Rise Condominium........ 88.3 Manufactured Housing (1)..... 73.4 Total................... --------------- (1) Treated as real property.

Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Range of Gross Margins (%) Outstanding Loans Outstanding Balance Rate (months) Risk Score ------------------------------ --------------- ----------- ------------- ----------- ----------- ------------ ----------- Less than or equal to 0.000.. $108,632,905 849 10.58% $ 127,954 4.956% 298.54 732 0.001 - 0.250................ 24,415,058 243 2.38 100,473 5.101 297.54 705 0.251 - 0.500................ 81,182,031 834 7.91 97,341 5.129 297.97 724 0.501 - 0.750................ 27,165,113 252 2.65 107,798 5.623 298.47 715 0.751 - 1.000................ 76,923,590 662 7.49 116,199 6.087 298.59 715 1.001 - 1.250................ 47,915,281 406 4.67 118,018 5.872 298.11 698 1.251 - 1.500................ 42,145,352 349 4.10 120,760 6.363 298.43 718 1.501 - 1.750................ 44,739,046 404 4.36 110,740 6.629 298.78 705 1.751 - 2.000................ 59,623,821 793 5.81 75,188 6.252 297.68 724 2.001 - 2.250................ 57,547,275 692 5.60 83,161 6.308 298.42 715 2.251 - 2.500................ 95,992,624 1,198 9.35 80,127 7.171 298.54 724 2.501 - 2.750................ 70,033,336 845 6.82 82,880 7.684 298.66 699 2.751 - 3.000................ 57,461,565 700 5.60 82,088 6.849 298.69 700 3.001 - 3.250................ 25,188,355 201 2.45 125,315 7.505 298.27 705 3.251 - 3.500................ 68,224,835 939 6.64 72,657 7.972 298.74 702 3.501 - 3.750................ 17,022,660 209 1.66 81,448 8.312 296.96 709 3.751 - 4.000................ 20,098,590 242 1.96 83,052 8.636 298.74 697 4.001 - 4.250................ 34,632,349 337 3.37 102,767 9.072 298.32 716 4.251 - 4.500................ 24,652,622 287 2.40 85,898 9.374 298.81 706 4.501 - 4.750................ 7,933,970 83 0.77 95,590 9.512 297.78 711 4.751 - 5.000................ 4,441,613 44 0.43 100,946 9.502 299.20 684 5.001 - 5.250................ 8,926,723 92 0.87 97,030 10.274 298.80 683 5.251 - 5.500................ 3,093,540 32 0.30 96,673 9.154 298.49 682 5.501 - 5.750................ 2,083,515 28 0.20 74,411 10.901 298.74 672 5.751 - 6.000................ 1,439,601 15 0.14 95,973 9.443 298.82 681 6.001 - 6.250................ 11,106,477 242 1.08 45,895 11.492 297.54 624 6.251 - 6.500................ 2,943,048 63 0.29 46,715 11.615 297.74 602 6.501 - 6.750................ 140,827 3 0.01 46,942 12.115 297.87 694 6.751 - 7.000................ 153,846 3 0.01 51,282 10.607 298.77 625 7.001 - 7.250................ 247,650 3 0.02 82,550 12.573 298.00 695 7.251 - 7.500................ 17,000 1 (1) 17,000 12.875 300.00 658 7.751 - 8.000................ 171,978 2 0.02 85,989 12.882 298.53 649 8.001 - 8.250................ 423,800 2 0.04 211,900 10.168 298.63 685 8.251 - 8.500................ 119,182 2 0.01 59,591 11.251 299.00 622 -------------- ----------- ------------ Total................... $1,026,839,180 11,057 100.00% ============== =========== ============ Weighted Average Combined Loan-to-Value Range of Gross Margins (%) Ratio ----------------------------- -------------- Less than or equal to 0.000.. 77.8% 0.001 - 0.250................ 71.6 0.251 - 0.500................ 76.7 0.501 - 0.750................ 76.8 0.751 - 1.000................ 80.7 1.001 - 1.250................ 79.6 1.251 - 1.500................ 85.6 1.501 - 1.750................ 83.5 1.751 - 2.000................ 90.5 2.001 - 2.250................ 88.4 2.251 - 2.500................ 91.6 2.501 - 2.750................ 90.6 2.751 - 3.000................ 92.1 3.001 - 3.250................ 92.2 3.251 - 3.500................ 96.0 3.501 - 3.750................ 93.7 3.751 - 4.000................ 94.9 4.001 - 4.250................ 96.2 4.251 - 4.500................ 97.0 4.501 - 4.750................ 96.2 4.751 - 5.000................ 93.5 5.001 - 5.250................ 95.8 5.251 - 5.500................ 97.4 5.501 - 5.750................ 92.6 5.751 - 6.000................ 94.2 6.001 - 6.250................ 81.9 6.251 - 6.500................ 77.1 6.501 - 6.750................ 83.7 6.751 - 7.000................ 90.3 7.001 - 7.250................ 96.7 7.251 - 7.500................ 92.4 7.751 - 8.000................ 92.1 8.001 - 8.250................ 95.0 8.251 - 8.500................ 90.0 Total...................

Credit Limit Utilization Rates for the Group 2 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Range of Credit Balance Mortgage Balance Principal Mortgage Term Bureau Limit Utilization Rates (%) Outstanding Loans Outstanding Balance Rate (months) Risk Score ------------------------------ --------------- ----------- ------------- ----------- ----------- ------------ ----------- 0.01 - 10.00................. $ 2,183,682 233 0.21% $ 9,372 5.907% 296.23 734 10.01 - 20.00................ 5,704,333 250 0.56 22,817 5.703 297.68 725 20.01 - 30.00................ 8,664,925 219 0.84 39,566 5.808 296.25 728 30.01 - 40.00................ 13,336,790 242 1.30 55,111 5.842 297.32 724 40.01 - 50.00................ 15,902,705 236 1.55 67,384 5.804 297.71 722 50.01 - 60.00................ 17,414,632 226 1.70 77,056 6.007 297.37 717 60.01 - 70.00................ 23,340,311 232 2.27 100,605 5.934 298.28 720 70.01 - 80.00................ 30,098,865 263 2.93 114,444 5.969 298.07 707 80.01 - 90.00................ 28,384,024 242 2.76 117,289 5.961 297.35 710 90.01 - 100.00............... 881,808,913 8,914 85.88 98,924 6.904 298.52 711 --------------- ----------- ----------- Total................... $1,026,839,180 11,057 100.00% =============== =========== =========== Weighted Average Combined Range of Credit Loan-to-Value Limit Utilization Rates (%) Ratio ------------------------------ -------------- 0.01 - 10.00................. 75.6% 10.01 - 20.00................ 76.0 20.01 - 30.00................ 79.4 30.01 - 40.00................ 80.1 40.01 - 50.00................ 77.3 50.01 - 60.00................ 77.6 60.01 - 70.00................ 80.0 70.01 - 80.00................ 77.4 80.01 - 90.00................ 80.1 90.01 - 100.00............... 87.8 Total...................

Maximum Loan Rates for the Group 2 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Maximum Loan Rates (%) Outstanding Loans Outstanding Balance Rate (months) Risk Score ------------------------------ --------------- ----------- ------------- ----------- ----------- ------------ ----------- 11.949....................... $ 177,400 2 0.02% $ 88,700 5.366% 300.00 674 16.000....................... 34,174,259 407 3.33 83,966 6.199 298.88 714 17.000....................... 69,652,457 783 6.78 88,956 6.973 298.57 716 18.000....................... 909,546,204 9,570 88.58 95,041 6.701 298.39 713 21.000....................... 13,174,861 294 1.28 44,812 11.497 297.46 614 24.000....................... 114,000 1 0.01 114,000 9.000 175.00 732 --------------- ----------- ----------- Total................... $1,026,839,180 11,057 100.00% =============== =========== =========== Weighted Average Combined Loan-to-Value Maximum Loan Rates (%) Ratio ------------------------------ -------------- 11.949....................... 100.0% 16.000....................... 82.3 17.000....................... 86.0 18.000....................... 86.8 21.000....................... 79.9 24.000....................... 99.9 Total...................

Credit Limits for the Group 2 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Range of Credit Limits ($) Outstanding Loans Outstanding Balance Rate (months) Risk Score ------------------------------ --------------- ----------- ------------- ----------- ----------- ------------ ----------- 0.01 - 10,000.00............. $ 303,424 35 0.03% 8,669 7.131% 295.76 709 10,000.01 - 20,000.00........ 5,583,293 346 0.54 16,137 7.015 298.49 704 20,000.01 - 30,000.00........ 15,814,563 635 1.54 24,905 6.560 298.81 693 30,000.01 - 40,000.00........ 21,084,496 613 2.05 34,396 7.052 298.57 699 40,000.01 - 50,000.00........ 55,184,334 1,331 5.37 41,461 7.020 298.49 702 50,000.01 - 60,000.00........ 50,964,147 963 4.96 52,922 7.072 298.56 705 60,000.01 - 70,000.00........ 48,229,941 797 4.70 60,514 7.037 298.51 705 70,000.01 - 80,000.00........ 66,579,267 968 6.48 68,780 7.088 298.28 714 80,000.01 - 90,000.00........ 58,189,015 739 5.67 78,740 6.964 298.57 713 90,000.01 - 100,000.00....... 85,358,636 1,057 8.31 80,756 6.657 297.87 708 100,000.01 - 125,000.00...... 102,990,197 979 10.03 105,199 7.209 298.42 719 125,000.01 - 150,000.00...... 114,490,211 948 11.15 120,770 6.865 298.15 709 150,000.01 - 175,000.00...... 35,778,266 258 3.48 138,675 6.786 298.50 717 175,000.01 - 200,000.00...... 54,910,929 367 5.35 149,621 6.457 297.38 717 200,000.01 - 225,000.00...... 20,081,865 116 1.96 173,120 6.691 298.62 716 225,000.01 - 250,000.00...... 29,679,312 163 2.89 182,082 6.368 298.58 712 250,000.01 - 275,000.00...... 14,878,882 74 1.45 201,066 6.640 298.30 715 275,000.01 - 300,000.00...... 28,686,156 137 2.79 209,388 6.203 298.43 710 300,000.01 - 325,000.00...... 15,086,640 56 1.47 269,404 6.615 298.86 711 325,000.01 - 350,000.00...... 21,579,303 75 2.10 287,724 6.399 298.81 711 350,000.01 - 375,000.00...... 8,770,071 37 0.85 237,029 6.465 298.57 728 375,000.01 - 400,000.00...... 11,926,223 48 1.16 248,463 6.605 298.54 716 400,000.01 - 425,000.00...... 7,447,604 24 0.73 310,317 5.975 298.87 719 425,000.01 - 450,000.00...... 10,725,429 30 1.04 357,514 6.784 298.40 711 450,000.01 - 475,000.00...... 7,815,923 21 0.76 372,187 6.596 298.70 718 475,000.01 - 500,000.00...... 32,009,921 82 3.12 390,365 6.355 298.83 724 500,000.01 - 525,000.00...... 3,877,950 9 0.38 430,883 6.125 298.87 689 525,000.01 - 550,000.00...... 4,113,062 9 0.40 457,007 6.559 298.87 712 550,000.01 - 575,000.00...... 3,073,176 7 0.30 439,025 6.776 298.62 704 575,000.01 - 600,000.00...... 3,616,527 9 0.35 401,836 6.009 298.57 711 600,000.01 - 625,000.00...... 2,090,566 4 0.20 522,641 5.063 298.88 738 625,000.01 - 650,000.00...... 4,575,908 10 0.45 457,591 6.323 298.90 729 650,000.01 - 675,000.00...... 5,159,047 10 0.50 515,905 6.562 299.02 722 675,000.01 - 700,000.00...... 5,288,010 11 0.51 480,728 5.580 298.89 727 700,000.01 - 725,000.00...... 4,296,425 6 0.42 716,071 6.533 299.17 700 725,000.01 - 750,000.00...... 3,711,611 7 0.36 530,230 6.102 299.01 693 750,000.01 - 775,000.00...... 1,583,776 5 0.15 316,755 7.546 299.40 719 775,000.01 - 800,000.00...... 3,260,487 5 0.32 652,097 6.862 298.52 710 800,000.01 - 825,000.00...... 1,369,225 2 0.13 684,612 6.691 299.59 741 825,000.01 - 850,000.00...... 3,151,314 5 0.31 630,263 6.878 298.46 706 850,000.01 - 875,000.00...... 425,000 1 0.04 425,000 6.500 298.00 651 875,000.01 - 900,000.00...... 2,410,129 4 0.23 602,532 6.050 299.00 752 900,000.01 - 925,000.00...... 1,840,000 2 0.18 920,000 7.125 299.50 778 925,000.01 - 950,000.00...... 3,438,853 4 0.33 859,713 5.949 297.34 709 950,000.01 - 975,000.00...... 2,105,044 3 0.21 701,681 5.478 298.91 806 975,000.01 - 1,000,000.00.... 15,212,107 23 1.48 661,396 6.548 298.50 706 Greater than 1,000,000.00.... 28,092,917 22 2.74 1,276,951 6.192 298.81 711 --------------- ----------- ----------- Total................... $1,026,839,180 11,057 100.00% =============== =========== =========== Weighted Average Combined Loan-to-Value Range of Credit Limits ($) Ratio ------------------------------ -------------- 0.01 - 10,000.00............. 83.6% 10,000.01 - 20,000.00........ 85.4 20,000.01 - 30,000.00........ 86.3 30,000.01 - 40,000.00........ 87.6 40,000.01 - 50,000.00........ 88.0 50,000.01 - 60,000.00........ 89.6 60,000.01 - 70,000.00........ 89.4 70,000.01 - 80,000.00........ 91.9 80,000.01 - 90,000.00........ 92.6 90,000.01 - 100,000.00....... 87.5 100,000.01 - 125,000.00...... 92.9 125,000.01 - 150,000.00...... 87.8 150,000.01 - 175,000.00...... 87.8 175,000.01 - 200,000.00...... 80.9 200,000.01 - 225,000.00...... 85.9 225,000.01 - 250,000.00...... 82.1 250,000.01 - 275,000.00...... 85.3 275,000.01 - 300,000.00...... 79.4 300,000.01 - 325,000.00...... 87.1 325,000.01 - 350,000.00...... 82.9 350,000.01 - 375,000.00...... 83.0 375,000.01 - 400,000.00...... 85.2 400,000.01 - 425,000.00...... 83.2 425,000.01 - 450,000.00...... 82.6 450,000.01 - 475,000.00...... 81.8 475,000.01 - 500,000.00...... 73.2 500,000.01 - 525,000.00...... 87.1 525,000.01 - 550,000.00...... 82.1 550,000.01 - 575,000.00...... 90.3 575,000.01 - 600,000.00...... 78.2 600,000.01 - 625,000.00...... 87.5 625,000.01 - 650,000.00...... 78.3 650,000.01 - 675,000.00...... 85.5 675,000.01 - 700,000.00...... 83.7 700,000.01 - 725,000.00...... 82.8 725,000.01 - 750,000.00...... 77.8 750,000.01 - 775,000.00...... 75.3 775,000.01 - 800,000.00...... 87.6 800,000.01 - 825,000.00...... 91.7 825,000.01 - 850,000.00...... 83.0 850,000.01 - 875,000.00...... 50.0 875,000.01 - 900,000.00...... 85.4 900,000.01 - 925,000.00...... 75.3 925,000.01 - 950,000.00...... 73.1 950,000.01 - 975,000.00...... 83.9 975,000.01 - 1,000,000.00.... 71.6 Greater than 1,000,000.00.... 76.3 Total...................

Lien Priority for the Group 2 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Lien Priority Outstanding Loans Outstanding Balance Rate (months) Risk Score ------------------------------ --------------- ----------- ------------- ----------- ----------- ------------ ----------- Second Liens................. $1,026,839,180 11,057 100.00% $ 92,868 6.764% 298.39 712 -------------- ----------- ----------- Total................... $1,026,839,180 11,057 100.00% ============== =========== =========== Weighted Average Combined Loan-to-Value Lien Priority Ratio ------------------------------ -------------- Second Liens................. 86.5% Total...................

Delinquency Status for the Group 2 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Delinquency Status Outstanding Loans Outstanding Balance Rate (months) Risk Score ------------------------------ --------------- ----------- ------------- ----------- ----------- ------------ ----------- Current...................... $1,026,839,180 11,057 100.00% $ 92,868 6.764% 298.39 712 -------------- ----------- ----------- Total................... $1,026,839,180 11,057 100.00% ============== =========== =========== Weighted Average Combined Loan-to-Value Delinquency Status Ratio ------------------------------ -------------- Current...................... 86.5% Total...................

Origination Year for the Group 2 Mortgage Loans Percent of Weighted Weighted Weighted Aggregate Number Aggregate Average Average Average Average Principal of Principal Current Gross Remaining Credit Balance Mortgage Balance Principal Mortgage Term Bureau Origination Year Outstanding Loans Outstanding Balance Rate (months) Risk Score ------------------------------ --------------- ----------- ------------- ----------- ----------- ------------ ----------- 1997......................... $ 447,899 8 0.04% $ 55,987 6.214% 209.78 703 1998......................... 38,620 3 (1) 12,873 7.506 221.93 739 2000......................... 38,449 1 (1) 38,449 5.250 248.00 668 2001......................... 397,712 5 0.04 79,542 6.698 255.91 749 2002......................... 1,371,865 17 0.13 80,698 6.530 267.30 746 2003......................... 4,226,175 86 0.41 49,142 6.432 280.35 723 2004......................... 79,835,534 1,017 7.77 78,501 7.333 295.23 703 2005......................... 940,482,925 9,920 91.59 94,807 6.718 298.85 712 -------------- ----------- ----------- Total................... $1,026,839,180 11,057 100.00% ============== =========== =========== Weighted Average Combined Loan-to-Value Origination Year Ratio ------------------------------ -------------- 1997......................... 74.8% 1998......................... 85.1 2000......................... 73.2 2001......................... 92.0 2002......................... 78.8 2003......................... 84.3 2004......................... 85.3 2005......................... 86.6 Total...................

Filing Compare · CWHEQ Revolving Home Equity Loan Asset Backed Notes, Series 2005-B