About EDGAR Online | Login
 
Enter your Email for a Free Trial:
The following is an excerpt from a 8-K SEC Filing, filed by BLOCK MORTGAGE FINANCE INC ASSET BACKED CERT SERIES 1999 2 on 11/9/1999.
Next Section Next Section Previous Section Previous Section
BLOCK MORTGAGE FINANCE INC ASSET BACKED CERT SERIES 1999 2 - 8-K - 19991109 - EXHIBIT_4

POOLING AND SERVICING AGREEMENT

Relating to

BLOCK MORTGAGE FINANCE ASSET BACKED CERTIFICATES, SERIES 1999-2

Among

BLOCK MORTGAGE FINANCE, INC.,
as Depositor

BLOCK FINANCIAL CORPORATION,
as Master Servicer

COMPANION MORTGAGE CORPORATION,
as Seller

and

BANK ONE, NATIONAL ASSOCIATION,
as Trustee

Dated as of October 1, 1999


CONTENTS

Page

ARTICLE I
DEFINITIONS; RULES OF CONSTRUCTION

Section 1.01 Definitions........................................ 2

ARTICLE II
ESTABLISHMENT AND ORGANIZATION OF THE TRUST

Section 2.01   Establishment of the Trust.........................34
Section 2.02   Office.............................................35
Section 2.03   Purposes and Powers................................35
Section 2.04   Appointment of the Trustee; Declaration of
               Trust..............................................35
Section 2.05   Expenses of the Trust..............................35
Section 2.06   Ownership of the Trust.............................36
Section 2.07   Situs of the Trust.................................36
Section 2.08   Miscellaneous REMIC Provisions.....................36

                                   ARTICLE III
                    REPRESENTATIONS, WARRANTIES AND COVENANTS

Section 3.01   Representations and Warranties of the Depositor....37
Section 3.02   Representations and Warranties of the Master
               Servicer...........................................39
Section 3.03   Representations and Warranties of the Seller.......41
Section 3.04   Covenants of Seller to Take Certain Actions with
               Respect to the Mortgage Loans in Certain
               Situations.........................................44
Section 3.05   Conveyance of the Mortgage Loans and Qualified
               Replacement Mortgage Loans.........................45
Section 3.06   Acceptance by Trustee; Certain Substitutions of
               Mortgage Loans; Certification by Trustee...........49

                                   ARTICLE IV
                        ISSUANCE AND SALE OF CERTIFICATES

Section 4.01   Issuance of Certificates...........................50
Section 4.02   Sale of Certificates...............................51


ARTICLE V
CERTIFICATES AND TRANSFER OF INTERESTS

Section 5.01   Terms.............................................51
Section 5.02   Forms.............................................52
Section 5.03   Execution, Authentication and Delivery............52
Section 5.04   Registration and Transfer of Certificates.........52
Section 5.05   Mutilated, Destroyed, Lost or Stolen
               Certificates......................................54
Section 5.06   Persons Deemed Owners.............................55
Section 5.07   Cancellation......................................55
Section 5.08   Limitation on Transfer of Ownership Rights........55
Section 5.09   Assignment of Rights..............................57

                                   ARTICLE VI
                                    COVENANTS

Section 6.01   Distributions.....................................57
Section 6.02   Money for Distributions to Be Held in Trust;
               Withholding.......................................58
Section 6.03   Protection of Trust Estate........................59
Section 6.04   Performance of Obligations........................59
Section 6.05   Negative Covenants................................60
Section 6.06   No Other Powers...................................60
Section 6.07   Limitation of Suits...............................60
Section 6.08   Unconditional Rights of Owners to Receive
               Distributions.....................................61
Section 6.09   Rights and Remedies Cumulative....................62
Section 6.10   Delay or Omission Not Waiver......................62
Section 6.11   Control by Owners.................................62
Section 6.12   Indemnification...................................62
Section 6.13   Access to Owners' Names and Addresses.............63

                                   ARTICLE VII
                      ACCOUNTS, DISBURSEMENTS AND RELEASES

Section 7.01   Collection of Money..............................63
Section 7.02   Establishment of Accounts;.......................64
Section 7.03   Flow of Funds....................................64
Section 7.04   [Reserved].......................................69
Section 7.05   Investment of Accounts...........................69
Section 7.06   Payment of Trust Expenses........................70
Section 7.07   Permitted Investments............................70
Section 7.08   Accounting and Directions by Trustee.............72
Section 7.09   Reports by Trustee to Owners and Certificate
               Insurer..........................................72
Section 7.10   Reports by Trustee...............................75
Section 7.11   Preference Payments..............................75

ii

ARTICLE VIII
SERVICING AND ADMINISTRATION

Section 8.01   Master Servicer and Sub-Servicers...............76
Section 8.02   Collection of Certain Mortgage Loan Payments....77
Section 8.03   Sub-Servicing Agreements Between Master
               Servicer and Sub-Servicers......................78
Section 8.04   Successor Sub-Servicers.........................78
Section 8.05   Liability of Master Servicer; Indemnification...78
Section 8.06   No Contractual Relationship Between Sub-
               Servicers, Trustee or the Owners................80
Section 8.07   Assumption or Termination of Sub-Servicing
               Agreements by Trustee...........................80
Section 8.08   Collection Account..............................80
Section 8.09   Delinquency Advances and Servicing Advances.....82
Section 8.10   Compensating Interest; Repurchase of Mortgage
               Loans...........................................83
Section 8.11   Maintenance of Insurance........................84
Section 8.12   Due-on-Sale Clauses; Assumption and
               Substitution Agreements.........................86
Section 8.13   Realization upon Defaulted Mortgage Loans;
               Inspection......................................87
Section 8.14   Trustee to Cooperate; Release of Files..........88
Section 8.15   Servicing Compensation..........................89
Section 8.16   Annual Statement as to Compliance...............90
Section 8.17   Annual Independent Certified Public
               Accountants' Reports............................90
Section 8.18   Access to Certain Documentation and
               Information Regarding the Mortgage Loans........91
Section 8.19   Merger or Consolidation of the Master
               Servicer; Assignment............................91
Section 8.20   Removal of Master Servicer; Resignation of
               Master Servicer.................................91
Section 8.21   Inspections by Certificate Insurer; Errors
               and Omissions Insurance.........................96

                                   ARTICLE IX
                              TERMINATION OF TRUST

Section 9.01   Termination of Trust............................96
Section 9.02   Termination upon Option of Owners of Class R
               Certificates and Master Servicer................97
Section 9.03   Termination Auction.............................98
Section 9.04   Termination upon Loss of REMIC Status...........99
Section 9.05   Disposition of Proceeds........................101

                                    ARTICLE X
                                   THE TRUSTEE

Section 10.01  Certain Duties and Responsibilities............101
Section 10.02  Removal of Trustee for Cause...................103
Section 10.03  Certain Rights of the Trustee..................105

Section 10.04 Not Responsible for Recitals or Issuance of Certificates................................106

iii

Section 10.05  May Hold Certificates.........................107
Section 10.06  Money Held in Trust...........................107
Section 10.07  Compensation and Reimbursement; No Lien
               for Fees......................................107
Section 10.08  Corporate Trustee Required; Eligibility.......107
Section 10.09  Resignation and Removal; Appointment of
               Successor.....................................107
Section 10.10. Acceptance of Appointment by Successor
               Trustee.......................................109
Section 10.11  Merger, Conversion, Consolidation or
               Succession to Business of the Trustee.........109
Section 10.12  Reporting; Withholding........................110
Section 10.13  Liability of the Trustee......................110

Section 10.14 Appointment of Co-Trustee or Separate Trustee.......................................111

ARTICLE XI
MISCELLANEOUS

Section 11.01  Compliance Certificates and Opinions.........112
Section 11.02  Form of Documents Delivered to the Trustee...113
Section 11.03  Acts of Owners...............................113
Section 11.04  Notices, etc. to Trustee.....................114
Section 11.05  Notices and Reports to Owners; Waiver of
               Notices......................................114
Section 11.06  Rules by Trustee.............................115
Section 11.07  Successors and Assigns.......................115
Section 11.08  Severability.................................115
Section 11.09  Benefits of Agreement........................115
Section 11.10  Legal Holidays...............................115
Section 11.11  Governing Law; Submission to Jurisdiction....116
Section 11.12  Counterparts.................................116
Section 11.13  Usury........................................117
Section 11.14  Amendment....................................117
Section 11.15  Paying Agent; Appointment and Acceptance
               of Duties....................................118
Section 11.16  REMIC Status.................................119
Section 11.17  Additional Limitation on Action and
               Imposition of Tax............................120
Section 11.18  Appointment of Tax Matters Person............121
Section 11.19  The Certificate Insurer......................121
Section 11.20  [Reserved]...................................121
Section 11.21  Third-Party Rights...........................121
Section 11.22  Notices......................................121

iv

SCHEDULE I      REPRESENTATIONS AND WARRANTIES AS TO THE MORTGAGE
                LOANS
SCHEDULE I-A    SCHEDULE OF FIXED RATE GROUP MORTGAGE LOANS
SCHEDULE I-B    SCHEDULE OF ADJUSTABLE RATE GROUP MORTGAGE LOANS

EXHIBIT A       FORM OF CLASS A CERTIFICATE
EXHIBIT B       RESERVED
EXHIBIT C       FORM OF CLASS R CERTIFICATE
EXHIBIT D       PAYOFF CERTIFICATION
EXHIBIT E       FORM OF TRUSTEE'S RECEIPT
EXHIBIT F       FORM OF POOL CERTIFICATION
EXHIBIT G       FORM OF DELIVERY ORDER
EXHIBIT H       FORM OF AFFIDAVIT FOR CLASS R TRANSFER
EXHIBIT I       [RESERVED]
EXHIBIT J       FORM OF LOST NOTE AFFIDAVIT
EXHIBIT K       TERMINATION AUCTION PROCEDURES
EXHIBIT L       FORM OF LIQUIDATION REPORT
EXHIBIT M       FORM OF REQUEST FOR RELEASE OF DOCUMENTS
EXHIBIT N       FORM OF INVESTMENT REPRESENTATION LETTER
EXHIBIT O       FORM OF ERISA REPRESENTATION LETTER

v

POOLING AND SERVICING AGREEMENT, relating to BLOCK MORTGAGE FINANCE ASSET
BACKED CERTIFICATES, SERIES 1999-2, dated as of October 1, 1999 by and among BLOCK MORTGAGE FINANCE, INC., a Delaware corporation, in its capacity as Depositor (the "Depositor"), BLOCK FINANCIAL CORPORATION, a Delaware corporation, in its capacity as Master Servicer (the "Master Servicer"), COMPANION MORTGAGE CORPORATION, a Delaware corporation, in its capacity as Seller (the "Seller"), and BANK ONE, NATIONAL ASSOCIATION, a national banking association, in its capacity as the trustee (the "Trustee").

WHEREAS, the Depositor wishes to establish a trust and provide for the allocation and sale of the beneficial interests therein and the maintenance and distribution thereof;

WHEREAS, the Master Servicer has agreed to service the Mortgage Loans, which constitute the principal assets of the trust estate;

WHEREAS, all things necessary to make the Certificates, when executed and authenticated by the Trustee, valid instruments, and to make this Agreement a valid agreement, in accordance with their and its terms, have been done;

WHEREAS, Bank One, National Association is willing to serve in the capacity of Trustee hereunder; and

WHEREAS, MBIA Insurance Corporation is intended to be a third-party beneficiary with the right to enforce this Agreement as if it were a party to this Agreement and is hereby recognized by the parties hereto to be a third-party beneficiary with the right to enforce this Agreement as if it were a party to this Agreement so long as no Certificate Insurer Default has occurred and is continuing.

NOW, THEREFORE, in consideration of the premises and the mutual agreements herein contained, the Depositor, the Seller, the Master Servicer and the Trustee hereby agree as follows:

CONVEYANCE

To provide for the distribution of the principal of and/or interest on the Class A Certificates and the Class R Certificates in accordance with their terms, all of the sums distributable under this Agreement with respect to the Certificates and the performance of the covenants contained in this Agreement, the Seller hereby bargains, sells, conveys, assigns and transfers to the Depositor and the Depositor hereby bargains, sells, conveys, assigns and transfers to the Trustee, in trust, without recourse (except as provided herein) and for the exclusive benefit of the Owners of the Certificates and the Certificate Insurer, all of its respective right, title and interest in and to any and all benefits accruing to it from (a) the Mortgage Loans (other than any principal and interest payments received or, with respect to an Actuarial Loan, due thereon on or prior to the Cut-Off Date) listed in Schedules I-A and I-B to this Agreement which the Seller is causing to be delivered to the Depositor and the Depositor is causing to be delivered to the Trustee herewith (and all substitutions therefor as provided by Sections 3.03, 3.04 and 3.06), together with the related Mortgage Loan documents and


the Seller's and Depositor's interest in any Mortgaged Property which secures a Mortgage Loan but which has been acquired by foreclosure or deed in lieu of foreclosure, and all payments thereon and proceeds of the conversion, voluntary or involuntary, of the foregoing; (b) such amounts as may be held by the Trustee in the Distribution Account, exclusive of investment earnings on such amounts (except as otherwise provided herein) and such amounts as may be held by the Master Servicer in the name of the Trustee in the Collection Account, if any, exclusive of investment earnings thereon (except as otherwise provided herein), whether in the form of cash, instruments, securities or other properties (including any Permitted Investments held by the Master Servicer); (c) with respect to the Class A Certificates, the Certificate Insurance Policies and (d) proceeds of all the foregoing (including, but not by way of limitation, all proceeds of any mortgage insurance, hazard insurance and title insurance policy relating to the Mortgage Loans, cash proceeds, accounts, accounts receivable, notes, drafts, acceptances, chattel paper, checks, deposit accounts, rights to payment of any and every kind, and other forms of obligations and receivables which at any time constitute all or part of or are included in the proceeds of any of the foregoing) to pay the Certificates as specified herein ((a)-(d) above shall be collectively referred to herein as the "Trust Estate"), excluding the proceeds of the Certificate Insurance Policies except with respect to the Class A Certificates.

The Trustee acknowledges such sale, accepts the Trust hereunder in accordance with the provisions hereof and agrees to perform the duties according to their terms.

ARTICLE I
DEFINITIONS; RULES OF CONSTRUCTION

Section 1.01 Definitions

For all purposes of this Agreement, the following terms shall have the meanings set forth below, unless the context clearly indicates otherwise:

"Account": Any account established in accordance with Section 7.02 or 8.08 hereof.

"Accrual Period": With respect to the Group 1 Certificates and the Class A-5 Certificates and any Distribution Date, the calendar month immediately preceding the month in which the Distribution Date occurs; a "calendar month" shall be deemed to be 30 days. With respect to the Class A-6 Certificates and any Distribution Date, the period commencing on the immediately preceding Distribution Date (or the Start-up Date in the case of the first Distribution Date) and ending on the day immediately preceding the current Distribution Date. All calculations of interest on the Group 1 Certificates and the Class A-5 Certificates will be made on the basis of a 360-day year assumed to consist of twelve 30-day months and calculations of interest on the Class A-6 Certificates will be made on the basis of the actual number of days elapsed in the related Accrual Period and a year of 360 days.

"Actuarial Loan": Any Mortgage Loan as to which, pursuant to the Note related thereto, interest is computed and charged to the Mortgagor at the Mortgage Rate on the outstanding principal balance of such Note as of a scheduled day of each month which is fixed at the time of

2

origination, with the effect that Scheduled Payments made by the related Mortgagor on such Mortgage Loan either earlier or later than the scheduled due dates thereof will not affect the amortization schedule or the relative application of such payments to principal and interest.

"Adjustable Rate Group": The pool of Mortgage Loans identified in the related Schedule of Mortgage Loans as having been assigned to the Adjustable Rate Group in Schedule I-B hereto, including any Qualified Replacement Mortgage Loans delivered in replacement thereof.

"Adjustable Rate Group Specified Subordinated Amount": As defined in the Insurance Agreement.

"Adjustable Rate Group Subordinated Amount": As of any Distribution Date, the excess, if any, of (x) the aggregate Loan Balances of the Mortgage Loans in the Adjustable Rate Group as of the close of business on the last day of the related Due Period (taking into account Curtailments with respect to Actuarial Loans, Net Liquidation Proceeds and Prepayments collected during the related Prepayment Period and, with respect to Actuarial Loans in the Adjustable Rate Group, any Scheduled Payments due on or before the last day of the related Due Period and in the Collection Account as of the related Determination Date) over
(y) the sum of the Class A-5 Certificate Principal Balance and the Class A-6 Certificate Principal Balance as of such Distribution Date after taking into account the payment of the Group 2 Principal Distribution Amount thereon (except for any Subordination Deficit with respect to the Adjustable Rate Group and Subordination Increase Amount with respect to the Adjustable Rate Group on such Distribution Date).

"Adjusted Pass-Through Rate": A rate equal to the sum of (a) the Weighted Average Pass-Through Rate plus (b) any portion of the Insurance Premium Amount and the Trustee Fee (calculated as a percentage of the outstanding principal amount of the Certificates) then accrued and outstanding.

"Advisor": As defined in Section 9.03 hereof.

"Agreement": This Pooling and Servicing Agreement, as it may be amended from time to time, including the Exhibits and Schedules hereto.

"Annual Loss Percentage (Rolling Twelve Month)": As of any date of determination thereof commencing November 1, 2000, a fraction, expressed as a percentage, the numerator of which is the aggregate Realized Losses that occurred during the twelve immediately preceding Due Periods and the denominator of which is the aggregate Loan Balance of the Mortgage Loans on the twelfth Determination Date preceding such date.

"Appraised Value": The appraised value of any Mortgaged Property based upon the appraisal or other valuation made at or within six months of the origination of the related Mortgage Loan, or, in the case of a Mortgage Loan which is a purchase money mortgage (or a "lease option purchase" in which the sale price was set less than 12 months prior to origination), the sale price of the Mortgaged Property at such time of origination, if such sale price is less than such appraised value.

3

"Auction Date": As defined in Section 9.03 hereof.

"Auction Procedures": As defined in Section 9.03 hereof.

"Authorized Officer": With respect to any Person, any officer or employee of such Person who is authorized to act for such Person in matters relating to this Agreement, and whose action is binding upon such Person; with respect to the Depositor, the Seller, the Master Servicer or any Sub-Servicer, initially including those individuals whose names appear on the lists of Authorized Officers delivered at the Closing; with respect to the Trustee, any Vice President, any Assistant Vice President, any Assistant Secretary or any Assistant Treasurer.

"Available Funds": The Group 1 Available Funds or the Group 2 Available Funds, as the case may be.

"Available Funds Shortfall": A Group 1 Available Funds Shortfall or Group 2 Available Funds Shortfall, as the case may be.

"Basis Risk Carryover Amount": With respect to any Distribution Date, the sum of the Basis Risk Excess for such Distribution Date and any Basis Risk Excess which remains unpaid from prior Distribution Dates.

"Basis Risk Excess": With respect to any Distribution Date as to which the Class A-6 Pass-Through Rate is the Class A-6 Available Funds Cap Rate, the excess of (i) the amount of interest the Class A-6 Certificates would be entitled to receive on such Distribution Date at the lesser of (a) the Net Lifetime Cap for such Distribution Date and (b) the then-applicable Class A-6 Pass-Through Rate without reference to the Class A-6 Available Funds Cap Rate over (ii) the amount of interest the Class A-6 Certificates will receive on such Distribution Date at the Class A-6 Available Funds Cap Rate.

"BFC Investor Guide": The BFC Investor Guide, as may be amended by the Master Servicer from time to time.

"Business Day": Any day that is not a Saturday, Sunday or other day on which commercial banking institutions in The City of New York, the States of California, Illinois, Georgia, Utah or Missouri or in the cities in which the principal Corporate Trust Office of the Trustee or the principal offices of the Certificate Insurer are located, are authorized or obligated by law or executive order to be closed.

"Carry Forward Amount": With respect to any Class of the Class A Certificates for any Distribution Date, the sum of (x) the amount, if any, by which (i) the Class A Distribution Amount allocable to such Class as of the immediately preceding Distribution Date exceeded (ii) the amount of the actual distribution made to the Owners of such Class of the Class A Certificates on such immediately preceding Distribution Date plus (y) 30 days' interest on such amount at the Pass-Through Rate in effect with respect to such Class of Class A Certificates.

4

"Certificate": Any one of the Class A Certificates or Class R Certificates, each representing the interests and the rights described in this Agreement.

"Certificate Insurance Policies": The Group 1 Certificate Insurance Policy and the Group 2 Certificate Insurance Policy.

"Certificate Insurer": MBIA Insurance Corporation, the principal operating subsidiary of MBIA Inc., a New York Stock Exchange listed company, or any successor thereto, as issuer of the Certificate Insurance Policies.

"Certificate Insurer Default": The existence and continuance of any of the following:

(a) the Certificate Insurer fails to make a payment required under a Certificate Insurance Policy in accordance with its terms; or

(b)(i) the entry by a court having jurisdiction in the premises of (A) a decree or order for relief in respect of the Certificate Insurer in an involuntary case or proceeding under any applicable United States federal or state bankruptcy, insolvency, rehabilitation, reorganization or other similar law or (B) a decree or order adjudging the Certificate Insurer as bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, rehabilitation, arrangement, adjustment or composition of or in respect of the Certificate Insurer under any applicable United States federal or state law, or appointing a custodian, receiver, liquidator, rehabilitator, assignee, trustee, sequestrator or other similar official of the Certificate Insurer or of any substantial part of its property, or ordering the winding-up or liquidation of its affairs, and the continuance of any such decree or order for relief or any such other decree or order unstayed and in effect for a period of 90 consecutive days; or

(ii) the commencement by the Certificate Insurer of a voluntary case or proceeding under any applicable United States federal or state bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding to be adjudicated as bankrupt or insolvent, or the consent of the Certificate Insurer to the entry of a decree or order for relief in respect of the Certificate Insurer in an involuntary case or proceeding under any applicable United States federal or state bankruptcy, insolvency case or proceeding against the Certificate Insurer, or the acquiescence by the Certificate Insurer to the filing of such petition or to the appointment of or the taking possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or similar official of the Certificate Insurer or of any substantial part of its property, or the failure of the Certificate Insurer to pay debts generally as they become due, or the admission by the Certificate Insurer in writing of its inability to pay its debts generally as they become due.

"Certificate Principal Balance": As of the Start-up Day as to each of the following Classes of Class A Certificates, the principal balances thereof, as follows:

Class A-1 Certificates $25,500,000

Class A-2 Certificates $19,000,000

5

Class A-3 Certificates        $12,586,000

Class A-4 Certificates        $6,343,000

Class A-5 Certificates        $39,500,000

Class A-6 Certificates        $55,304,000

The Class R Certificates do not have a Certificate Principal Balance.

"Class": Any class of the Class A Certificates or the Class R Certificates.

"Class A Certificate": Any one of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates or Class A-6 Certificates.

"Class A Certificate Principal Balance": As of any time of determination, the Certificate Principal Balance as of the Start-up Day of all Class A Certificates less any amounts actually distributed on such Class A Certificates with respect to the Class A Distribution Amount pursuant to Section 7.03(c)(iii)(D) with respect to principal thereon on all prior Distribution Dates (except, for purposes of effecting the Certificate Insurer's subrogation rights, that portion of Insured Payments made in respect of principal).

"Class A Certificate Termination Date": With respect to the Class A-1 Certificates, the Class A-1 Certificate Termination Date, with respect to the Class A-2 Certificates, the Class A-2 Certificate Termination Date, with respect to the Class A-3 Certificates, the Class A-3 Certificate Termination Date, with respect to the Class A-4 Certificates, the Class A-4 Certificate Termination Date, with respect to the Class A-5 Certificates, the Class A-5 Certificate Termination Date and with respect to the Class A-6 Certificates, the Class A-6 Certificate Termination Date.

"Class A Distribution Amount": The sum of the Class A-1 Distribution Amount, Class A-2 Distribution Amount, Class A-3 Distribution Amount, Class A-4 Distribution Amount, Class A-5 Distribution Amount and the Class A-6 Distribution Amount.

"Class A-1 Certificate": Any one of the Certificates designated on the face thereof as a Class A-1 Certificate, substantially in the form annexed hereto as Exhibit A, authenticated and delivered by the Trustee, representing the right to distributions as set forth herein.

"Class A-1 Certificate Principal Balance": As of any time of determination, the Certificate Principal Balance as of the Start-up Day of all Class A-1 Certificates less any amounts actually distributed with respect to the Class A-1 Distribution Amount pursuant to Section 7.03(c)(iii)(D) hereof with respect to principal thereon on all prior Distribution Dates (except, for purposes of effecting the Certificate Insurer's subrogation rights, that portion of Insured Payments made in respect of principal).

"Class A-1 Certificate Termination Date": The Distribution Date on which the Class A-1 Certificate Principal Balance is reduced to zero.

6

"Class A-1 Current Interest": With respect to any Distribution Date, the amount of interest accrued on the Class A-1 Certificate Principal Balance immediately prior to such Distribution Date during the related Accrual Period at the Class A-1 Pass-Through Rate (net of Net Prepayment Interest Shortfalls and the interest portion of reductions due to the Relief Act with respect to the Fixed Rate Group, allocable to such Class on a pro rata basis with the other Group 1 Certificates without any priority) plus the Preference Amount owed to the Owners of the Class A-1 Certificates as it relates to interest previously paid on the Class A-1 Certificates plus the portion of the Carry Forward Amount, if any, with respect to the Class A-1 Certificates relating to interest (net of Net Prepayment Interest Shortfalls and the interest portion of reductions due to the Relief Act with respect to the Fixed Rate Group, allocable to such Class on a pro rata basis with the other Group 1 Certificates without any priority).

"Class A-1 Distribution Amount": The sum of (x) Class A-1 Current Interest and (y) the Group 1 Principal Distribution Amount payable to the Owners of the Class A-1 Certificates pursuant to Section 7.03(c)(iii)(D) hereof.

"Class A-1 Pass-Through Rate": 7.049% per annum.

"Class A-2 Certificate": Any one of the Certificates designated on the face thereof as a Class A-2 Certificate, substantially in the form annexed hereto as Exhibit A, authenticated and delivered by the Trustee, representing the right to distributions as set forth herein.

"Class A-2 Certificate Principal Balance": As of any time of determination, the Certificate Principal Balance as of the Start-up Day of all Class A-2 Certificates less any amounts actually distributed with respect to the Class A-2 Distribution Amount pursuant to Section 7.03(c)(iii)(D) hereof with respect to principal thereon on all prior Distribution Dates (except, for purposes of effecting the Certificate Insurer's subrogation rights, that portion of Insured Payments made in respect of principal).

"Class A-2 Certificate Termination Date": The Distribution Date on which the Class A-2 Certificate Principal Balance is reduced to zero.

"Class A-2 Current Interest": With respect to any Distribution Date, the amount of interest accrued on the Class A-2 Certificate Principal Balance immediately prior to such Distribution Date during the related Accrual Period at the Class A-2 Pass-Through Rate (net of Net Prepayment Interest Shortfalls and the interest portion of reductions due to the Relief Act with respect to the Fixed Rate Group, allocable to such Class on a pro rata basis with the other Group 1 Certificates without any priority) plus the Preference Amount owed to the Owners of the Class A-2 Certificates as it relates to interest previously paid on the Class A-2 Certificates plus the portion of the Carry Forward Amount, if any, with respect to the Class A-2 Certificates relating to interest (net of Net Prepayment Interest Shortfalls and the interest portion of reductions due to the Relief Act with respect to the Fixed Rate Group, allocable to such Class on a pro rata basis with the other Group 1 Certificates without any priority).

7

"Class A-2 Distribution Amount": The sum of (x) Class A-2 Current Interest and (y) the Group 1 Principal Distribution Amount payable to the Owners of the Class A-2 Certificates pursuant to Section 7.03(c)(iii)(D) hereof.

"Class A-2 Pass-Through Rate": 7.469% per annum.

"Class A-3 Certificate": Any one of the Certificates designated on the face thereof as a Class A-3 Certificate, substantially in the form annexed hereto as Exhibit A, authenticated and delivered by the Trustee, representing the right to distributions as set forth herein.

"Class A-3 Certificate Principal Balance": As of any time of determination, the Certificate Principal Balance as of the Start-up Day of all Class A-3 Certificates less any amounts actually distributed with respect to the Class A-3 Distribution Amount pursuant to Section 7.03(c)(iii)(D) hereof with respect to principal thereon on all prior Distribution Dates (except, for purposes of effecting the Certificate Insurer's subrogation rights, that portion of Insured Payments made in respect of principal).

"Class A-3 Certificate Termination Date": The Distribution Date on which the Class A-3 Certificate Principal Balance is reduced to zero.

"Class A-3 Current Interest": With respect to any Distribution Date, the amount of interest accrued on the Class A-3 Certificate Principal Balance immediately prior to such Distribution Date during the related Accrual Period at the Class A-3 Pass-Through Rate (net of Net Prepayment Interest Shortfalls and the interest portion of reductions due to the Relief Act with respect to the Fixed Rate Group, allocable to such Class on a pro rata basis with the other Group 1 Certificates without any priority) plus the Preference Amount owed to the Owners of the Class A-3 Certificates as it relates to interest previously paid on the Class A-3 Certificates plus the portion of the Carry Forward Amount, if any, with respect to the Class A-3 Certificates relating to interest (net of Net Prepayment Interest Shortfalls and the interest portion of reductions due to the Relief Act with respect to the Fixed Rate Group, allocable to such Class on a pro rata basis with the other Group 1 Certificates without any priority).

"Class A-3 Distribution Amount": The sum of (x) Class A-3 Current Interest and (y) the Group 1 Principal Distribution Amount payable to the Owners of the Class A-3 Certificates pursuant to Section 7.03(c)(iii)(D) hereof.

"Class A-3 Pass-Through Rate": Prior to the Optimal Termination Date 8.014% per annum and on and after the Optimal Termination Date, 8.764% per annum.

"Class A-4 Certificate": Any one of the Certificates designated on the face thereof as a Class A-4 Certificate, substantially in the form annexed hereto as Exhibit A, authenticated and delivered by the Trustee, representing the right to distributions as set forth herein.

"Class A-4 Certificate Principal Balance": As of any time of determination, the Certificate Principal Balance as of the Start-up Day of all Class A-4 Certificates less any amounts actually distributed with respect to the Class A-4 Distribution Amount pursuant to Section 7.03(c)(iii)(D)

8

hereof with respect to principal thereon on all prior Distribution Dates (except, for purposes of effecting the Certificate Insurer's subrogation rights, that portion of Insured Payments made in respect of principal).

"Class A-4 Certificate Termination Date": The Distribution Date on which the Class A-4 Certificate Principal Balance is reduced to zero.

"Class A-4 Current Interest": With respect to any Distribution Date, the amount of interest accrued on the Class A-4 Certificate Principal Balance immediately prior to such Distribution Date during the related Accrual Period at the Class A-4 Pass-Through Rate (net of Net Prepayment Interest Shortfalls and the interest portion of reductions due to the Relief Act with respect to the Fixed Rate Group, allocable to such Class on a pro rata basis with the other Group 1 Certificates without any priority) plus the Preference Amount owed to the Owners of the Class A-4 Certificates as it relates to interest previously paid on the Class A-4 Certificates plus the portion of the Carry Forward Amount, if any, with respect to the Class A-4 Certificates relating to interest (net of Net Prepayment Interest Shortfalls and the interest portion of reductions due to the Relief Act with respect to the Fixed Rate Group, allocable to such Class on a pro rata basis with the other Group 1 Certificates without any priority).

"Class A-4 Distribution Amount": The sum of (x) Class A-4 Current Interest and (y) the Group 1 Principal Distribution Amount payable to the Owners of the Class A-4 Certificates pursuant to Section 7.03(c)(iii)(D) hereof.

"Class A-4 Lockout Distribution Amount": For any Distribution Date, the lesser of (a) the product of (i) the applicable Class A-4 Lockout Percentage for such Distribution Date and (ii) the Class A-4 Lockout Pro Rata Distribution Amount for such Distribution Date and (b) the Class A-4 Certificate Principal Balance.

"Class A-4 Lockout Percentage": For each Distribution Date is as follows:

 Distribution Dates          Lockout Percentage
 ------------------          ------------------

November 1999-October 2002           0%
November 2002-October 2004          45%
November 2004-October 2005          80%
November 2005-October 2006         100%
November 2006 and thereafter       300%

"Class A-4 Lockout Pro Rata Distribution Amount": For any Distribution Date, an amount equal to the product of (x) a fraction, the numerator of which is the Certificate Principal Balance of the Class A-4 Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Certificate Principal Balance of all Classes of the Group 1 Certificates immediately prior to such Distribution Date and (y) the Group 1 Principal Distribution Amount for such Distribution Date.

9

"Class A-4 Pass-Through Rate": Prior to the Optional Termination Date 7.777% per annum and on and after the Optional Termination Date, 8.527% per annum.

"Class A-5 Certificate": Any one of the Certificates designated on the face thereof as a Class A-5 Certificate, substantially in the form annexed hereto as Exhibit A, authenticated and delivered by the Trustee, representing the right to distributions as set forth herein.

"Class A-5 Certificate Principal Balance": As of any time of determination, the Certificate Principal Balance as of the Start-up Day of all Class A-5 Certificates less any amounts actually distributed with respect to the Class A-5 Distribution Amount pursuant to Section 7.03(c)(iii)(D) hereof with respect to principal thereon on all prior Distribution Dates (except, for purposes of effecting the Certificate Insurer's subrogation rights, that portion of Insured Payments made in respect of principal).

"Class A-5 Certificate Termination Date": The Distribution Date on which the Class A-5 Certificate Principal Balance is reduced to zero.

"Class A-5 Current Interest": With respect to any Distribution Date, the amount of interest accrued on the Class A-5 Certificate Principal Balance immediately prior to such Distribution Date during the related Accrual Period at the Class A-5 Pass-Through Rate (net of Net Prepayment Interest Shortfalls and the interest portion of reductions due to the Relief Act with respect to the Adjustable Rate Group, allocable to such Class on a pro rata basis with the other Group 2 Certificates without any priority) plus the Preference Amount owed to the Owners of the Class A-5 Certificates as it relates to interest previously paid on the Class A-5 Certificates plus the portion of the Carry Forward Amount, if any, with respect to the Class A-5 Certificates relating to interest (net of Net Prepayment Interest Shortfalls and the interest portion of reductions due to the Relief Act with respect to the Adjustable Rate Group, allocable to such Class on a pro rata basis with the other Group 2 Certificates without any priority).

"Class A-5 Distribution Amount": The sum of (x) Class A-5 Current Interest and (y) the Group 1 Principal Distribution Amount payable to the Owners of the Class A-5 Certificates pursuant to Section 7.03(c)(iii)(D) hereof.

"Class A-5 Pass-Through Rate": 7.122% per annum.

"Class A-6 Available Funds Cap Rate": On any Distribution Date prior to the seventh Distribution Date, the weighted average of the Mortgage Rates of the Mortgage Loans in the Adjustable Rate Group as of the first day of the related Due Period (taking into account Curtailments with respect to Actuarial Loans, Net Liquidation Proceeds and Prepayments received during the immediately preceding Prepayment Period and, with respect to the Actuarial Loans in the Adjustable Rate Group, Scheduled Payments due during the prior Due Period and in the Collection Account as of the prior Determination Date), less the Expense Rate and, on any Distribution Date on and after the seventh Distribution Date, 0.50%. In no event may the Class A-6 Available Funds Cap Rate exceed the Net Lifetime Cap.

10

"Class A-6 Certificate": Any one of the Certificates designated on the face thereof as a Class A-6 Certificate, substantially in the form annexed hereto as Exhibit A, authenticated and delivered by the Trustee, representing the right to distributions as set forth herein.

"Class A-6 Certificate Principal Balance": As of any time of determination, the Certificate Principal Balance as of the Start-up Day of all Class A-6 Certificates less any amounts actually distributed with respect to the Class A-6 Distribution Amount pursuant to Section 7.03(c)(iii)(D) hereof with respect to principal thereon on all prior Distribution Dates (except, for purposes of effecting the Certificate Insurer's subrogation rights, that portion of Insured Payments made in respect of principal).

"Class A-6 Certificate Termination Date": The Distribution Date on which the Class A-6 Certificate Principal Balance is reduced to zero.

"Class A-6 Current Interest": With respect to any Distribution Date, the amount of interest accrued on the Class A-6 Certificate Principal Balance immediately prior to such Distribution Date during the related Accrual Period at the Class A-6 Pass-Through Rate (net of Net Prepayment Interest Shortfalls and the interest portion of reductions due to the Relief Act with respect to the Adjustable Rate Group, allocable to such Class on a pro rata basis with the other Group 2 Certificates without any priority) plus the Preference Amount owed to the Owners of the Class A-6 Certificates as it relates to interest previously paid on the Class A-6 Certificates plus the portion of the Carry Forward Amount, if any, with respect to the Class A-6 Certificates relating to interest (net of Net Prepayment Interest Shortfalls and the interest portion of reductions due to the Relief Act with respect to the Adjustable Rate Group, allocable to such Class on a pro rata basis with the other Group 2 Certificates without any priority).

"Class A-6 Distribution Amount": The sum of (x) Class A-6 Current Interest and (y) the Group 2 Principal Distribution Amount payable to the Owners of Class A-6 Certificates pursuant to Section 7.03(c)(iii)(D) hereof.

"Class A-6 Pass-Through Rate": For any Distribution Date in any month prior to the month in which the Optional Termination Date occurs, the lesser of (i) LIBOR plus 0.44% per annum and (ii) the Class A-6 Available Funds Cap Rate for such Distribution Date, and for any Distribution Date in any month commencing with the month in which the Optional Termination Date occurs, the lesser of (i) LIBOR plus 0.88% per annum and (ii) the Class A-6 Available Funds Cap Rate for such Distribution Date.

"Class R Certificate": Any one of the Certificates designated on the face thereof as a Class R Certificate, substantially in the form annexed hereto as Exhibit C, authenticated and delivered by the Trustee, representing the right to distributions as set forth herein, and evidencing an interest designated as the "residual interest" in the Trust Fund for the purposes of the REMIC Provisions.

"Class R Optionholder": Any Owner of the Class R Certificates which represent a Percentage Interest of 99.999% or greater.

"Closing": As defined in Section 4.02 hereof.

11

"Code": The Internal Revenue Code of 1986, as amended.

"Collection Account": One or more collection accounts created or caused to be created by the Master Servicer pursuant to Section 8.08(a) hereof.

"Compensating Interest": As defined in Section 8.10(a) hereof.

"Corporate Trust Office": The principal office of the Trustee at 1 Bank One Plaza, Suite IL1-0126, Chicago, Illinois 60670-0126.

"Cram Down Losses": With respect to a Mortgage Loan, if a court of appropriate jurisdiction in an insolvency proceeding shall have issued an order reducing the Loan Balance or the Mortgage Rate of such Mortgage Loan, the amount of such reduction in principal balance or reduction in accrued interest. A "Cram Down Loss" shall be deemed to have occurred on the date of issuance of such order.

"CSC": Companion Servicing Company, L.L.C., a Georgia limited liability company, as one of the initial Sub-Servicers.

"Cumulative Loss Percentage": As of any date of determination thereof, the Cumulative Realized Losses as a percentage of the Original Aggregate Loan Balance of the Mortgage Loans.

"Cumulative Realized Losses": As of any date of determination, the aggregate amount of Realized Losses with respect to the Mortgage Loans since the Cut-Off Date.

"Current Interest": With respect to any Distribution Date, the sum of the Class A-1 Current Interest, Class A-2 Current Interest, Class A-3 Current Interest, Class A-4 Current Interest, Class A-5 Current Interest and Class A-6 Current Interest.

"Curtailments": Any partial prepayment of principal of a Mortgage Loan which is received by the Master Servicer in advance of the scheduled due date for the payment of such principal (other than the principal portion of any Prepaid Installment or any Prepayment).

"Cut-Off Date": With respect to Actuarial Loans, as of the close of business on October 1, 1999 and with respect to Simple Interest Loans, as of the close of business on September 30, 1999.

"Delinquency Advance": As defined in Section 8.09(a) hereof.

"Delinquent": A Mortgage Loan is "Delinquent" if any payment due thereon is not made by the close of business on the day such payment is scheduled to be due (without regard to grace periods). A Mortgage Loan is "30 days Delinquent" if such payment has not been received by the close of business on the corresponding day of the month immediately succeeding the month in which such payment was due, or, if there is no such corresponding day (e.g., as when a 30-day month follows a 31-day month in which a payment was due on the 31st day of such month) then on

12

the last day of such immediately succeeding month. Similarly for "60 days Delinquent," "90 days Delinquent" and so on.

"Delivery Order": The delivery order in the form set forth as Exhibit G hereto and delivered by the Depositor to the Trustee on the Startup Day pursuant to Section 4.01 hereof.

"Depositor": Block Mortgage Finance, Inc., a Delaware corporation, or any successor thereto.

"Depository": The Depository Trust Company, 7 Hanover Square, New York, New York 10004, and any successor Depository hereafter named.

"Determination Date": The 13th day of any month, or if such 13th day is not a Business Day, the Business Day immediately preceding such 13th day, commencing in the month following the Startup Day.

"Direct Participant" or "DTC Participant": Any broker-dealer, bank or other financial institution for which the Depository holds Class A Certificates from time to time as a securities depository.

"Disqualified Organization": Shall have the meaning set forth from time to time in the definition thereof at Section 860E(e)(5) of the Code (or any successor statute thereto) and applicable to the Trust.

"Distribution Account": The distribution account established in accordance with Section 7.02(a) hereof and maintained in the corporate trust department of the Trustee; provided that the funds in such account shall not be commingled with other funds held by the Trustee.

"Distribution Date": Any date on which the Trustee is required to make distributions to the Owners, which shall be the 25th day of each month or if such day is not a Business Day, the next Business Day thereafter, commencing in the month following the Startup Day.

"Due Period": With respect to any Monthly Remittance Date, and (a) with respect to Simple Interest Loans (other than Net Liquidation Proceeds and Prepayments), the calendar month immediately preceding the calendar month in which such Monthly Remittance Date occurs, and (b) with respect to Scheduled Payments on Actuarial Loans, the period from the second day of the calendar month preceding the Monthly Remittance Date to and including the first day of the calendar month in which such Monthly Remittance Date occurs.

"Eligible Account": Either an account that is (i) maintained with a federal or state chartered depository institution or trust company whose short-term unsecured debt obligations at the time of any deposit therein have the highest short-term rating by the Rating Agencies, (ii) one or more accounts with a depository institution or trust company which accounts are fully insured by either the Savings Association Insurance Fund or the Bank Insurance Fund of the FDIC and the uninsured deposits in which accounts are otherwise secured such that, as evidenced by an opinion of counsel delivered to the Trustee, the Certificate Insurer and each Rating Agency, the holders of the

13

Certificates have a claim with respect to the funds in such account or a perfected first priority security interest against any collateral (which shall be limited to Permitted Investments) securing such funds that is superior to claims of any other depositors or creditors of the depository institution or trust company in which such account is maintained, (iii) a segregated trust account maintained with the Trustee or an affiliate of the Trustee in its fiduciary capacity or (iv) otherwise acceptable to the Certificate Insurer and each Rating Agency as evidenced by a letter from the Certificate Insurer and each Rating Agency to the Trustee, without reduction or withdrawal of their then current ratings of the Class A Certificates. Eligible Accounts may bear interest.

"Event of Default": Any one of the events described in Section 8.20(a) or 8.20(b).

"Excess Interest": With respect to Simple Interest Loans in a Mortgage Loan Group, the aggregate interest collected on the Simple Interest Loans in such Mortgage Loan Group during the related Due Period in excess of the aggregate interest deemed due on such Simple Interest Loans in such Mortgage Loan Group during such Due Period.

"Excess Subordinated Amount": With respect to any Mortgage Loan Group and Distribution Date, the excess, if any, of (x) the Subordinated Amount that would apply to the related Mortgage Loan Group on such Distribution Date after taking into account the payment of the related Class A Distribution Amounts on such Distribution Date (except for any distributions of related Subordination Reduction Amounts on such Distribution Date), over (y) the related Specified Subordinated Amount for such Distribution Date.

"Expense Rate": For any Distribution Date and each of the Fixed Rate Group and the Adjustable Rate Group, the sum of the annualized rates at which the Servicing Fee, the Insurance Premium Amount and the Trustee Fee applicable to each of the Fixed Rate Group and the Adjustable Rate Group are calculated.

"Fairbanks": Fairbanks Capital Corp., a Utah corporation, as one of the initial Sub-Servicers.

"FDIC": The Federal Deposit Insurance Corporation, a corporate instrumentality of the United States, or any successor thereto.

"FHLMC": The Federal Home Loan Mortgage Corporation, a corporate instrumentality of the United States created pursuant to the Emergency Home Finance Act of 1970, as amended, or any successor thereof.

"File": The documents delivered to the Trustee pursuant to Section 3.05 hereof pertaining to a particular Mortgage Loan and any additional documents required to be added to the File pursuant to this Agreement.

"Final Certification": As defined in Section 3.06(c) hereof.

"Final Determination": As defined in Section 9.04(a) hereof.

14

"Final Scheduled Distribution Date": For each Class of Class A Certificates, as set forth in Section 2.08(e).

"First Mortgage Loan": A Mortgage Loan which constitutes a first priority mortgage lien with respect to the related Mortgaged Property.

"Fixed Rate Group": The pool of Mortgage Loans identified in the related Schedule of Mortgage Loans as having been assigned to the Fixed Rate Group in Schedule l-A hereto, including any Qualified Replacement Mortgage Loans delivered in replacement thereof.

"Fixed Rate Group Specified Subordinated Amount": As defined in the Insurance Agreement.

"Fixed Rate Group Subordinated Amount": As of any Distribution Date, the excess, if any, of (x) the aggregate Loan Balances of the Mortgage Loans in the Fixed Rate Group as of the close of business on the last day of the related Due Period (taking into account Curtailments with respect to Actuarial Loans, Net Liquidation Proceeds and Prepayments collected during the related Prepayment Period and, with respect to Actuarial Loans in the Fixed Rate Group, any Scheduled Payments due on or before the last day of the related Due Period and in the Collection Account as of the related Determination Date) over (y) the sum of the Class A-1 Certificate Principal Balance, Class A-2 Certificate Principal Balance, Class A-3 Certificate Principal Balance and Class A-4 Certificate Principal Balance as of such Distribution Date after taking into account the payment of the Group 1 Principal Distribution Amount thereon (except for any Subordination Deficit with respect to the Fixed Rate Group and Subordination Increase Amount with respect to the Fixed Rate Group on such Distribution Date).

"FNMA": The Federal National Mortgage Association, a federally-chartered and privately-owned corporation existing under the Federal National Mortgage Association Charter Act, as amended, or any successor thereof.

"FNMA Guide": FNMA's Servicing Guide, as the same may be amended by FNMA from time to time, and as the Master Servicer shall elect to apply such amendments in accordance with Section 8.01 hereof.

"Group 1 Available Funds": As defined in Section 7.02(c) hereof.

"Group 1 Available Funds Shortfall": As defined in Section 7.03(c)(i)(A) hereof.

"Group 1 Certificate": Any one of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates and Class A-4 Certificates.

"Group 1 Certificate Insurance Policy": The certificate guaranty insurance policy (number 30611) dated October 27, 1999 issued by the Certificate Insurer for the benefit of the owners of the Group 1 Certificates pursuant to which the Certificate Insurer guarantees Insured Payments.

15

"Group 1 Current Interest": With respect to any Distribution Date, the sum of the Class A-1 Current Interest, Class A-2 Current Interest, Class A-3 Current Interest and Class A-4 Current Interest.

"Group 1 Monthly Remittance Amount": As of any Monthly Remittance Date, with respect to the Fixed Rate Group, (a) all payments on Simple Interest Loans in the Fixed Rate Group, other than Net Liquidation Proceeds and Prepayments in respect of such loans collected during the related Due Period, (b) Scheduled Payments on Actuarial Loans in the Fixed Rate Group due after the Cut-Off Date, or Replacement Cut-Off Date, as applicable, and on or before the end of the related Due Period and in the Collection Account as of the related Determination Date, and (c) Curtailments with respect to Actuarial Loans, Net Liquidation Proceeds and Prepayments on the Mortgage Loans in the Fixed Rate Group collected during the related Prepayment Period and (d) Delinquency Advances made by the Master Servicer with respect to the Fixed Rate Group, in each case, as remitted by the Master Servicer on the Monthly Remittance Date, together with any Substitution Adjustment and any Loan Purchase Price amount in respect of the Fixed Rate Group received by the Master Servicer on such Monthly Remittance Date, but in each case excluding any amounts not required to be deposited into the Collection Account pursuant to Section 8.08(c).

"Group 1 Principal Distribution Amount": With respect to the Group 1 Certificates for any Distribution Date, the lesser of:

(a) the Group 1 Total Available Funds plus any Insured Payment with respect to the Group 1 Certificates minus the Group 1 Current Interest; and

(b) the excess, if any, of (i) the sum of (without duplication):

(A) the Preference Amount with respect to principal owed to the Owners of the Group 1 Certificates that remains unpaid as of such Distribution Date,

(B) the principal (other than the principal portion of Net Liquidation Proceeds and Prepayments) collected by the Master Servicer with respect to Simple Interest Loans in the Fixed Rate Group during the related Due Period,

(C) the principal portion of Curtailments with respect to Actuarial Loans, Net Liquidation Proceeds and Prepayments collected by the Master Servicer with respect to Mortgage Loans in the Fixed Rate Group during the related Prepayment Period,

(D) the principal portion of Scheduled Payments due on the Actuarial Loans in the Fixed Rate Group after the Cut-Off Date or Replacement Cut-Off Date, as applicable, and on or before the end of the related Due Period to the extent such Scheduled Payments are in the Collection Account as of the related Determination Date,

(E) the principal portion of any Loan Purchase Price of each Mortgage Loan in the Fixed Rate Group that was repurchased by the Seller or purchased by the

16

Master Servicer on or prior to the related Monthly Remittance Date, to the extent such Loan Purchase Price is actually received by the Trustee on or prior to the related Monthly Remittance Date,

(F) the principal portion of any Substitution Adjustments delivered by the Seller on or prior to the related Monthly Remittance Date in connection with a substitution of a Mortgage Loan in the Fixed Rate Group, to the extent such Substitution Adjustments are actually received by the Trustee on or prior to the related Monthly Remittance Date,

(G) the amount of any Subordination Deficit with respect to the Fixed Rate Group for such Distribution Date,

(H) the portion of the proceeds received by the Trustee with respect to the Fixed Rate Group from any termination of the Trust (to the extent such proceeds related to principal),

(I) the amount of any Subordination Increase Amount with respect to the Fixed Rate Group for such Distribution Date, to the extent of any Net Monthly Excess Cashflow available for such purpose, and

(J) the portion of any Carry Forward Amount relating to principal with respect to the Fixed Rate Group for such Distribution Date;

over

(ii) the amount of any Subordination Reduction Amount with respect to the Fixed Rate Group for such Distribution Date.

"Group 1 Total Available Funds": As defined in Section 7.02(c) hereof.

"Group 1 Total Monthly Excess Spread": With respect to the Fixed Rate Group and any Distribution Date, the excess, if any, of (i) the sum of (a) interest (other than the interest portion of Net Liquidation Proceeds or Prepayments and other than that portion, if any, of Excess Interest required to be allocated to reimbursement of unreimbursed Delinquency Advances with respect to Simple Interest Loans in the Fixed Rate Group pursuant to Section 8.09(a)) collected on the Simple Interest Loans in the Fixed Rate Group during the related Due Period, plus (b) the interest portion of Curtailments with respect to Actuarial Loans, Net Liquidation Proceeds and Prepayments collected by the Master Servicer with respect to Mortgage Loans in the Fixed Rate Group during the related Prepayment Period, plus (c) the interest portion of Scheduled Payments due on the Actuarial Loans in the Fixed Rate Group after the Cut-Off Date or Replacement Cut-Off Date, as applicable, and on or before the end of the related Due Period to the extent such Scheduled Payments are in the Collection Account as of the Determination Date, less (d) the amount which is equal to the product of the Expense Rate and the aggregate Loan Balance of the Mortgage Loans in the Fixed Rate Group and any amounts not required to be deposited into the Collection Account pursuant to Section 8.08(c), plus (e) any Delinquency Advances and Compensating Interest paid by the Master

17

Servicer with respect to the Fixed Rate Group for such Due Period over (ii) the interest accrued on the Group 1 Certificates during the Accrual Period for such Distribution Date.

"Group 2 Available Funds": As defined in Section 7.02(d) hereof.

"Group 2 Available Funds Shortfall": As defined in Section 7.03(c)(i)(A) hereof.

"Group 2 Certificate": Any one of the Class A-5 Certificates and Class A-6 Certificates.

"Group 2 Certificate Insurance Policy": The certificate guaranty insurance policy (number 30612) dated October27, 1999, issued by the Certificate Insurer for the benefit of the Owners of the Group 2 Certificates pursuant to which the Certificate Insurer guarantees Insured Payments.

"Group 2 Current Interest": With respect to any Distribution Date, the sum of the Class A-5 Current Interest and Class A-6 Current Interest.

"Group 2 Monthly Remittance Amount": As of any Monthly Remittance Date, with respect to the Adjustable Rate Group, (a) all payments on Simple Interest Loans in the Adjustable Rate Group, other than Net Liquidation Proceeds and Prepayments in respect of such loans collected during the related Due Period,
(b) Scheduled Payments on Actuarial Loans in the Adjustable Rate Group due after the Cut-Off Date, or Replacement Cut-Off Date, as applicable, and on or before the end of the related Due Period and in the Collection Account as of the related Determination Date, (c) Curtailments with respect to Actuarial Loans, Net Liquidation Proceeds and Prepayments on Mortgage Loans in the Adjustable Rate Group collected during the related Prepayment Period and (d) Delinquency Advances made by the Master Servicer with respect to the Adjustable Rate Group, in each case, as remitted by the Master Servicer on the Monthly Remittance Date, together with any Substitution Adjustment and any Loan Purchase Price amount in respect of the Adjustable Rate Group received by the Master Servicer on such Monthly Remittance Date, but in each case excluding any amounts not required to be deposited into the Collection Account pursuant to Section 8.08(c).

"Group 2 Principal Distribution Amount": With respect to the Group 2 Certificates for any Distribution Date, the lesser of:

(a) the Group 2 Total Available Funds plus any Insured Payment with respect to the Group 2 Certificates minus the Group 2 Current Interest; and

(b) the excess, if any, of (i) the sum of (A) through (J) (without duplication):

(A) the Preference Amount with respect to principal owed to the Owners of the Group 2 Certificates that remains unpaid as of such Distribution Date,

(B) the principal (other than the principal portion of Net Liquidation Proceeds and Prepayments) collected by the Master Servicer with respect to Simple Interest Loans in the Adjustable Rate Group during the related Due Period,

18

(C) the principal portion of Curtailments with respect to Actuarial Loans, Net Liquidation Proceeds and Prepayments collected by the Master Servicer with respect to Mortgage Loans in the Adjustable Rate Group during the related Prepayment Period,

(D) the principal portion of Scheduled Payments due on the Actuarial Loans in the Adjustable Rate Group after the Cut-Off Date or Replacement Cut-Off Date, as applicable, and on or before the end of the related Due Period to the extent such Scheduled Payments are in the Collection Account as of the related Determination Date,

(E) the principal portion of any Loan Purchase Price of each Mortgage Loan in the Adjustable Rate Group that was repurchased by the Seller or purchased by the Master Servicer on or prior to the related Monthly Remittance Date, to the extent such Loan Purchase Price is actually received by the Trustee on or prior to the related Monthly Remittance Date,

(F) the principal portion of any Substitution Adjustments delivered by the Seller on or prior to the related Monthly Remittance Date in connection with a substitution of a Mortgage Loan in the Adjustable Rate Group, to the extent such Substitution Adjustments are actually received by the Trustee on or prior to the related Monthly Remittance Date,

(G) the amount of any Subordination Deficit with respect to the Adjustable Rate Group for such Distribution Date,

(H) the portion of the proceeds received by the Trustee with respect to the Adjustable Rate Group from any termination of the Trust (to the extent such proceeds relate to principal),

(I) the amount of any Subordination Increase Amount with respect to the Adjustable Rate Group for such Distribution Date, to the extent of any Net Monthly Excess Cashflow available for such purpose, and

(J) the portion of any Carry Forward Amount relating to principal with respect to the Adjustable Rate Group for such Distribution Date;

over

(ii) the amount of any Subordination Reduction Amount with respect to the Adjustable Rate Group for such Distribution Date.

"Group 2 Total Available Funds": As defined in Section 7.02(d) hereof.

"Group 2 Total Monthly Excess Spread": With respect to the Adjustable Rate Group and any Distribution Date, the excess, if any, of (i) the sum of (a) interest (other than the interest portion


of Net Liquidation Proceeds or Prepayments and other than that portion, if any, of Excess Interest required to be allocated to reimbursement of unreimbursed Delinquency Advances with respect to Simple Interest Loans in the Adjustable Rate Group pursuant to Section 8.09 (a)) collected on the Simple Interest Loans in the Adjustable Rate Group during the related Due Period, plus (b) the interest portion of any Curtailments with respect to Actuarial Loans, Net Liquidation Proceeds and Prepayments collected by the Master Servicer with respect to Mortgage Loans in the Adjustable Rate Group during the related Prepayment Period, plus (c) the interest portion of Scheduled Payments due on the Actuarial Loans in the Adjustable Rate Group after the Cut-Off Date or Replacement Cut-Off Date, as applicable, and on or before the end of the related Due Period to the extent such Scheduled Payments are in the Collection Account as of the related Determination Date, less (d) the amount which is equal to the product of the Expense Rate and the aggregate Loan Balance of the Mortgage Loans in the Adjustable Rate Group and any amounts not required to be deposited into the Collection Account pursuant to Section 8.08(c), plus (e) any Delinquency Advances and Compensating Interest paid by the Master Servicer with respect to the Adjustable Rate Group for such Due Period over (ii) the interest accrued on the Group 2 Certificates during the Accrual Period for such Distribution Date.

"Highest Lawful Rate": As defined in Section 11.13.

"Indemnification Agreement": The Indemnification Agreement dated as of October 26, 1999, among the Certificate Insurer, the Seller, the Master Servicer and the Underwriters.

"Indirect Participant": Any financial institution for whom any Direct Participant holds an interest in a Class A Certificate.

"Insurance Agreement": The Insurance Agreement dated as of October 1, 1999, among the Depositor, the Seller, the Master Servicer, H & R Block, Inc., the Certificate Insurer and the Trustee, as it may be amended from time to time.

"Insurance Policy": Any hazard, flood, title or primary mortgage insurance policy relating to a Mortgage Loan plus any obligation of the Master Servicer to make payment out of its own funds pursuant to Section 8.11 hereof.

"Insurance Premium Amount": As defined in the Insurance Agreement.

"Insurance Proceeds": Proceeds of any Insurance Policy or other insurance policy relating to a Mortgage Loan and/or the Mortgaged Property securing any Mortgage Loan, to the extent proceeds are not to be applied to the restoration of the related Mortgaged Property in accordance with the express requirements of the related Mortgage or Note or other documents included in the related File or in accordance with prudent and customary servicing practices.

"Insured Payments": With respect to the Related Loan Group and any Distribution Date, without duplication, (A) the excess, if any, of (i) the sum of (a) the aggregate amount of interest accrued at the related Pass-Through Rate during the preceding Accrual Period on the Class A Certificate Principal Balance of the related Class A Certificates (net of any Prepayment Interest Shortfall and the interest portion of reductions due to the Relief Act), (b) the Preference Amount as

20

it relates to interest previously paid on each Class of the related Class A Certificates prior to the Distribution Date, (c) the portion of the Carry Forward Amount related to interest with respect to each Class of the related Class A Certificates (net of any Prepayment Interest Shortfall and the interest portion of reductions due to the Relief Act) and (d) the then existing Subordination Deficit for the Related Loan Group, if any, over (ii) Total Available Funds (net of the Insurance Premium Amount for the Related Loan Group) after taking into account any Principal Distribution Amount to be actually distributed on such Distribution Date and the cross-collateralization provisions of the Trust plus (B) an amount equal to the principal portion of the Preference Amount with respect to the Related Loan Group.

"Late Payment Rate": For any Distribution Date, the fluctuating rate of interest, as it is published from time to time in the New York, New York edition of The Wall Street Journal under the caption "Money Rates" as the "prime rate," to change when and as such published prime rate changes plus 3%. The Late Payment Rate shall be computed on the basis of a year of 360 days calculating the actual number of days elapsed. In no event shall the Late Payment Rate exceed the Highest Lawful Rate.

"Latest Possible Maturity Date": The Distribution Date following the third anniversary of the last payment with respect to the Mortgage Loan with the latest scheduled maturity date included in the Trust as of the Startup Date. The prepayment of such Mortgage Loan, or the removal of such Mortgage Loan, or the addition of any Qualified Replacement Mortgage Loan shall not affect the Latest Possible Maturity Date.

"LIBOR": With respect to any Accrual Period for the Class A-6 Certificates, the rate determined by the Trustee on the related LIBOR Determination Date on the basis of the quotations, as set forth on the Telerate Screen Page 3750, offered by the principal London office of each of the Reference Banks for making one-month United States dollar deposits in leading banks in the London interbank market, as of 11:00 a.m. (London time) on such LIBOR Determination Date.

"LIBOR Business Day": Any day other than (i) a Saturday or a Sunday, or
(ii) a day on which banking institutions in the City of New York, New York, or the City of London, England are authorized or obligated by law or executive order to be closed.

"LIBOR Determination Date": With respect to any Accrual Period for the Class A-6 Certificates, the second LIBOR Business Day preceding the commencement of such Accrual Period.

"Liquidated Loan": As defined in Section 8.13(b) hereof.

"Liquidation Expenses": Expenses, not to exceed the Liquidation Proceeds, which are incurred by the Master Servicer in connection with the liquidation of any defaulted Mortgage Loan or property acquired in respect thereof, such expenses including, without limitation, legal fees and expenses, committee or referee fees, and, if applicable, brokerage commissions and conveyance taxes, and any Servicing Advances expended by the Master Servicer pursuant to this Agreement with respect to such Mortgage Loan on such property not previously reimbursed from collections or other proceeds therefrom.

21

"Liquidation Proceeds": Any amounts (including Insurance Proceeds) recovered by the Master Servicer in connection with (i) the taking of a Mortgaged Property by exercise of the power of eminent domain or condemnation,
(ii) any Liquidated Loan, whether through trustee's sale, foreclosure sale or otherwise, (iii) the sale of a defaulted Mortgage Loan or an REO Property in accordance with Section 8.13, or (iv) the sale of all of the Mortgage Loans in accordance with Article IX.

"Loan Balance": With respect to each Mortgage Loan and as of any date of determination, the outstanding principal balance thereof as of the beginning of the related Due Period (taking into account Curtailments with respect to Actuarial Loans, Net Liquidation Proceeds and Prepayments collected during the immediately preceding Prepayment Period, and with respect to Actuarial Loans, the principal portion of any Scheduled Payment due on or before the last day of the immediately preceding Due Period and in the Collection Account as of the Determination Date for such immediately preceding Due Period); provided, however, that the Loan Balance for any Mortgage Loan that has become a Liquidated Loan shall be zero as of the first day of the Due Period following the Due Period in which such Mortgage Loan becomes a Liquidated Loan, and at all times thereafter.

"Loan Purchase Price": With respect to any Mortgage Loan purchased from the Trust on a Monthly Remittance Date pursuant to Section 3.03, 3.04, 3.06(b), 8.10(b) or 8.13(a) hereof, an amount equal to the Loan Balance of such Mortgage Loan as of the date of purchase (assuming that the Monthly Remittance Amount remitted by the Master Servicer on such Monthly Remittance Date has already been remitted), plus one month's interest on the outstanding Loan Balance thereof as of the beginning of the related Due Period (taking into account Curtailments with respect to Actuarial Loans, Net Liquidation Proceeds and Prepayments collected during the immediately preceding Prepayment Period, and with respect to Actuarial Loans, the principal portion of any Scheduled Payment due on or before the last day of the immediately preceding Due Period and in the Collection Account as of the Determination Date for such immediately preceding Due Period) computed at the then applicable Mortgage Rate, together with (without duplication) the aggregate amounts of (i) all unreimbursed Delinquency Advances and Servicing Advances theretofore made with respect to such Mortgage Loan, (ii) all Delinquency Advances and Servicing Advances which the Master Servicer has theretofore failed to remit with respect to such Mortgage Loan and
(iii) all reimbursed Delinquency Advances to the extent that reimbursement is not made from the Mortgagor or from Liquidation Proceeds from the respective Mortgage Loan.

"Loan-to-Value Ratio": As of any particular date (i) with respect to any First Mortgage Loan, the percentage obtained by dividing the Appraised Value into the original principal balance of the Note relating to such First Mortgage Loan and (ii) with respect to any Second Mortgage Loan, the percentage obtained by dividing the Appraised Value as of the date of origination of such Second Mortgage Loan into an amount equal to the sum of (a) the remaining principal balance of the note relating to the related Senior Lien as of the date of origination of the related Second Mortgage Loan and (b) the original principal balance of the Note relating to such Second Mortgage Loan.

22

"Master Servicer": Block Financial Corporation, a Delaware corporation, and its permitted successors and assigns.

"Master Servicer Affiliate": A Person (i) controlling, controlled by or under common control with the Master Servicer or which is 50% or more owned by the Master Servicer and (ii) which is qualified to service residential mortgage loans.

"Minimum Termination Amount": As of any time after the Optional Termination Date, an amount equal to the greater of (i) the sum of (a) the Class A-1 Certificate Principal Balance, (b) any shortfall in interest due to the Owners of the Class A-1 Certificates in respect of prior Distribution Dates, (c) one month's interest on the Class A-1 Certificate Principal Balance at the Class A-1 Pass-Through Rate, (d) the Class A-2 Certificate Principal Balance, (e) any shortfall in interest due to the Owners of the Class A-2 Certificates in respect of prior Distribution Dates, (f) one month's interest on the Class A-2 Certificate Principal Balance at the Class A-2 Pass-Through Rate, (g) the Class A-3 Certificate Principal Balance, (h) any shortfall in interest due to the Owners of the Class A-3 Certificates in respect of prior Distribution Dates, (i) one month's interest on the Class A-3 Certificate Principal Balance at the Class A-3 Pass-Through Rate, (j) the Class A-4 Certificate Principal Balance, (k) any shortfall in interest due to the Owners of the Class A-4 Certificates in respect of prior Distribution Dates, (l) one month's interest on the Class A-4 Certificate Principal Balance at the Class A-4 Pass-Through Rate, (m) the Class A-5 Certificate Principal Balance, (n) any shortfall in interest due to the Owners of the Class A-5 Certificates in respect of prior Distribution Dates, (o) one month's interest on the Class A-5 Certificate Principal Balance at the Class A-5 Pass-Through Rate, (p) the Class A-6 Certificate Principal Balance, (q) any shortfall in interest due to the Owners of the Class A-6 Certificates in respect of prior Distribution Dates, (r) one month's interest on the Class A-6 Certificate Principal Balance at the Class A-6 Pass-Through Rate, and (s) any Reimbursement Amounts due the Certificate Insurer and (ii) the sum of 100% of the aggregate Loan Balance of the related Mortgage Loans as of the day of purchase and any Reimbursement Amounts not otherwise paid to the Certificate Insurer minus amounts remitted from the Collection Account to the Distribution Account representing collections of principal on the Mortgage Loans during the current Due Period (taking into account, with respect to Actuarial Loans, the principal portion of any Scheduled Payment due on or before the last day of the Due Period and collected on or before the related Determination Date), plus one month's interest on such amount computed at the weighted average Mortgage Rate, plus all accrued and unpaid Servicing Fees plus the aggregate amount of any unreimbursed Delinquency Advances and Servicing Advances plus Delinquency Advances which the Master Servicer has theretofore failed to remit (taking into account, with respect to Actuarial Loans, the principal portion of any Scheduled Payment due on or before the last day of the Due Period and collected on or before the related Determination Date).

"Monthly Remittance Amount": The sum of the Group 1 Monthly Remittance Amount and the Group 2 Monthly Remittance Amount.

"Monthly Remittance Date": With respect to any Distribution Date, no later than noon, New York time, on the fourth Business Day following the related Determination Date.

"Moody's": Moody's Investors Service, Inc.

23

"Mortgage": The mortgage, deed of trust or other instrument creating a first or second lien on an estate in fee simple or leasehold interest in real property securing a Note.

"Mortgage Loan Group" or "Group": The Fixed Rate Group or the Adjustable Rate Group, as the case may be. References herein to the related Class of Class A Certificates, when used with respect to a Mortgage Loan Group, shall mean (A) in the case of the Fixed Rate Group, the Group 1 Certificates and (B) in the case of the Adjustable Rate Group, the Group 2 Certificates.

"Mortgage Loans": Such of the mortgage loans transferred and assigned to the Trust pursuant to Section 3.05(a) hereof, together with any Qualified Replacement Mortgage Loans substituted therefor in accordance with this Agreement, as from time to time are held as a part of the Trust Estate, the mortgage loans originally so held being identified in the Schedules of Mortgage Loans. The term "Mortgage Loan" includes the terms "First Mortgage Loan" and "Second Mortgage Loan". The term "Mortgage Loan" includes any Mortgage Loan which is Delinquent, which relates to a foreclosure or which relates to a Mortgaged Property which is REO Property prior to such Mortgaged Property's disposition by the Trust. Any mortgage loan which, although intended by the parties hereto to have been, and which purportedly was, transferred and assigned to the Trust by the Depositor, in fact was not transferred and assigned to the Trust for any reason whatsoever, including, without limitation, the incorrectness of the statement set forth in item (x) of Schedule I hereto with respect to such mortgage loan, shall nevertheless be considered a "Mortgage Loan" for all purposes of this Agreement.

"Mortgage Rate": The rate of interest borne by each Note.

"Mortgaged Property": The underlying property securing a Mortgage Loan.

"Mortgagor": The obligor on a Note.

"Net Lifetime Cap": With respect to any Distribution Date, the weighted average of the maximum Mortgage Rates on the Mortgage Loans in the Adjustable Rate Group as of the first day of the related Due Period (taking into account, with respect to Actuarial Loans in the Adjustable Rate Group, any Scheduled Payments due on or before the last day of the immediately preceding Due Period and collected on or before the Determination Date for such immediately preceding Due Period), minus the sum of (a) the Expense Rate and (b) commencing on the seventh Distribution Date, 0.50%.

"Net Liquidation Proceeds": As to any Liquidated Loan, Liquidation Proceeds net of Liquidation Expenses and unreimbursed Delinquency Advances relating to such Mortgage Loan. In no event shall Net Liquidation Proceeds with respect to any Liquidated Loan be less than zero.

"Net Monthly Excess Cashflow": As defined in Section 7.03(c)(ii) hereof.

"Net Prepayment Interest Shortfall": As of any Distribution Date, the aggregate Prepayment Interest Shortfalls less the sum of the aggregate Prepayment Interest Excesses and Compensating Interest.

24

"90+ Delinquency Percentage (Rolling Three Month)": With respect to each Mortgage Loan and any Determination Date commencing with the Determination Date in February 2000, the average of the percentage equivalents of the fractions determined for each of three immediately preceding Due Periods the numerator of each of which is equal to the aggregate Loan Balance of all of the Mortgage Loans which are 90 days Delinquent or more (including any Mortgage Loans which have gone into foreclosure or have been discharged by reason of bankruptcy) as of such Determination Date and the denominator of which is the aggregate Loan Balance of all of the Mortgage Loans as of such Determination Date.

"Nonrecoverable Advance": Any portion of a Delinquency Advance or a Servicing Advance proposed to be made or previously made which has not been previously reimbursed to the Master Servicer, and which the Master Servicer has determined in its good faith business judgment will not or, in the case of a proposed Delinquency Advance or Servicing Advance, would not be ultimately recoverable by the Master Servicer from the sources of funds specified in
Section 8.09. The determination by the Master Servicer that it has made a Nonrecoverable Advance or that any proposed Delinquency Advance or Servicing Advance, if made, would constitute a Nonrecoverable Advance shall be evidenced by an Officer's Certificate delivered to the Trustee, the Certificate Insurer and the Depositor setting forth such determination and the procedures and considerations of the Master Servicer forming the basis of such determination, which shall include a copy of any information or reports obtained by the Master Servicer which may support such determinations. Notwithstanding the above, the Trustee shall be entitled to rely upon any determination of the Master Servicer that any Delinquency Advance or Servicing Advance previously made is a Nonrecoverable Advance or that any proposed Delinquency Advance or Servicing Advance, if made, would constitute a Nonrecoverable Advance.

"Note": The note or other evidence of indebtedness evidencing the indebtedness of a Mortgagor under a Mortgage Loan.

"Officer's Certificate": A certificate signed by any Authorized Officer of any Person delivering such certificate.

"Operative Documents": Collectively, this Agreement, the Certificate Insurance Policies, the Certificates, the Indemnification Agreement, the Insurance Agreement and the Sub-Servicing Agreement.

"Optional Termination Date": The first Distribution Date on which the aggregate of the Loan Balances of the Mortgage Loans is less than 10% of the Original Aggregate Loan Balance.

"Original Aggregate Loan Balance": The aggregate Loan Balances of all Mortgage Loans as of the Cut-Off Date, i.e., $[163,154,955.79].

"Outstanding": With respect to all Certificates of a Class, as of any date of determination, all such Certificates theretofore executed and delivered hereunder except:

25

(i) Certificates theretofore cancelled by the Registrar or delivered to the Registrar for cancellation;

(ii) Certificates or portions thereof for which full and final payment of money in the necessary amount has been theretofore deposited with the Trustee or any Paying Agent in trust for the Owners of such Certificates;

(iii)Certificates in exchange for or in lieu of which other Certificates have been executed and delivered pursuant to this Agreement, unless proof satisfactory to the Trustee is presented that any such Certificates are held by a bona fide purchaser;

(iv) Certificates alleged to have been destroyed, lost or stolen for which replacement Certificates have been issued as provided for in Section 5.05 hereof; and

(v) Certificates as to which the Trustee has made the final distribution thereon, whether or not such certificate is ever returned to the Trustee.

"Owner": The Person in whose name a Certificate is registered in the Register, and the Certificate Insurer, to the extent described in Section 5.06 and Section 7.03(g) hereof, respectively; provided that solely for the purposes of determining the exercise of any voting rights hereunder, if Class A Certificates are beneficially owned by the Depositor, the Seller or any affiliate thereof, none of the Depositor, the Seller or such affiliate shall be considered an Owner hereunder.

"Pass-Through Rate": Any of the Class A-1 Pass-Through Rate, the Class A-2 Pass-Through Rate, the Class A-3 Pass-Through Rate, the Class A-4 Pass-Through Rate, the Class A-5 Pass-Through Rate or the Class A-6 Pass-Through Rate.

"Paying Agent": Initially, the Trustee, and thereafter, the Trustee or any other Person that meets the eligibility standards for the Paying Agent specified in Section 11.15 hereof and is authorized by the Trustee and the Depositor to make payments on the Certificates on behalf of the Trustee.

"Percentage Interest": With respect to a Class A Certificate, a fraction, expressed as a percentage, the numerator of which is the portion of the Class A Certificate Principal Balance represented by such Class A Certificate on such date of determination (prior to giving effect to any distribution of principal on such date) and the denominator of which is the Certificate Principal Balance attributable to the related Class of Class A Certificates as of such date of determination (prior to giving effect to any distribution of principal on such date). With respect to a Class R Certificate, the portion of the Class evidenced thereby, expressed as a percentage, as stated on the face of such Certificate, all of which shall total 100% with respect to the related Class.

"Permitted Investments": Those investments so designated pursuant to
Section 7.07 hereof.

"Person": Any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof.

26

"Pool Certification": As defined in Section 3.06(a) hereof.

"Preference Amount": With respect to the Class A Certificates, any amount previously distributed to an Owner on the Class A Certificates that is recoverable and sought to be recovered as a voidable preference by a trustee in bankruptcy pursuant to the United States Bankruptcy Code in accordance with a final, nonappealable order of a court having competent jurisdiction.

"Prepaid Installment": With respect to any Mortgage Loan, any installment of principal thereof and interest thereon received by the Master Servicer prior to the scheduled due date for such installment, intended by the Mortgagor as an early payment thereof and not as a Prepayment (or, in the case of an Actuarial Loan, a Curtailment) with respect to such Mortgage Loan.

"Prepayment": Any payment in full of principal of a Mortgage Loan which is received by the Master Servicer in advance of the scheduled due date for the payment of such principal (other than the principal portion of any Prepaid Installment), and the Insurance Proceeds which are to be applied as a payment of principal on the related Mortgage Loan shall be deemed to be Prepayments for all purposes of this Agreement.

"Prepayment Interest Excess": With respect to any Distribution Date and any Mortgage Loan that was subject to a Prepayment after its scheduled monthly due date during the related Prepayment Period, the amount of interest collected on such Mortgage Loan for such Distribution Date less (a) with respect to an Actuarial Loan, the amount of interest accrued on such Mortgage Loan through the due date of such Mortgage Loan occurring during such Prepayment Period or (b) with respect to a Simple Interest Loan, 30 days' interest on the Loan Balance for such Mortgage Loan as of the first day of the related Due Period (in each case net of the Servicing Fee on the related Mortgage Loan).

"Prepayment Interest Shortfall": With respect to any Distribution Date and any Mortgage Loan that was subject to a Prepayment prior to its scheduled monthly due date during the related Prepayment Period, the amount of interest that would have accrued on such Mortgage Loan absent such Prepayment (net of the Servicing Fee on the related Mortgage Loan) less the amount of interest collected on such Mortgage Loan by the Master Servicer for such Distribution Date.

"Prepayment Period": With respect to any Distribution Date, the period commencing on the calendar day after the prior Determination Date and ending on the related Determination Date; provided, however, that with respect to the first Distribution Date, with respect to Actuarial Loans the Prepayment Period will be from October 2, 1999 to November 12, 1999 and with respect to Simple Interest Loans, the Prepayment Period will be from October 1, 1999 to November 12, 1999.

"Preservation Expenses": Expenditures made by the Master Servicer in connection with a foreclosed Mortgage Loan prior to the liquidation thereof, including, without limitation, expenditures for real estate property taxes, hazard insurance premiums, certain amounts due with respect to Senior Liens, property restoration or preservation.

27

"Principal Distribution Amount": The Group 1 Principal Distribution Amount or the Group 2 Principal Distribution Amount, as the case may be.

"Prohibited Transaction": The meaning set forth from time to time in the definition thereof at Section 860F(a)(2) of the Code (or any successor statute thereto) and applicable to the Trust.

"Prospectus": The Prospectus dated October 26, 1999 constituting part of the Registration Statement.

"Prospectus Supplement": The Block Mortgage Finance Asset Backed Certificates, Series 1999-2 Prospectus Supplement, dated October 26, 1999, to the Prospectus.

"Purchase Mortgage Loan": A Mortgage Loan the proceeds of which were used by the related Mortgagor to obtain the related Mortgaged Property.

"Purchase Option Period": As defined in Section 9.04(a) hereof.

"Qualified Insurer": An insurance company or security or bonding company qualified to write the related insurance policy in the relevant jurisdiction, which shall have a claims paying ability of "AA" or better by Standard & Poor's and "Aa2" or better by Moody's, unless each of the Rating Agencies has confirmed in writing that an insurance company with a lower claims paying ability shall not result, in and of itself, in a downgrading, withdrawal or qualification of the rating then assigned by such Rating Agency to any Class of Certificates and such insurance company or security or bonding company is acceptable to the Certificate Insurer.

"Qualified Liquidation": The meaning set forth from time to time in the definition thereof at Section 860F(a)(4) of the Code (or any successor statute thereto) and applicable to the Trust.

"Qualified Mortgage": The meaning set forth from time to time in the definition thereof at Section 860G(a)(3) of the Code (or any successor statute thereto) and applicable to the Trust.

"Qualified Replacement Mortgage Loan": A Mortgage Loan substituted for another pursuant to Section 3.03, 3.04 or 3.06(b) hereof, which (i) has a Mortgage Rate at least equal to the Mortgage Rate of the Mortgage Loan being replaced, (ii) is of the same property type (or is a single family dwelling) and the same occupancy status (or is a primary residence) as the replaced Mortgage Loan, (iii) shall have an original term to maturity that is no later than one month following the maturity of the Mortgage Loan for which it was substituted,
(iv) has a Loan-to-Value Ratio as of the Replacement Cut-Off Date no higher than the Loan-to-Value Ratio of the replaced Mortgage Loan as of such date, (v) shall be of the same or higher credit quality classification (determined in accordance with (a) the credit underwriting guidelines pursuant to which the replaced Mortgage Loan was underwritten at the time the replaced Mortgage Loan was underwritten, or (b) the standards acceptable to the Rating Agencies, which would not cause a downgrade or removal of the ratings assigned to the Class A Certificates (without giving effect to any Certificate Insurance Policy)) as the Mortgage Loan which such Qualified Replacement Mortgage Loan replaces, (vi) has a Loan Balance as of the related Replacement Cut-Off Date equal to or less than the Loan Balance of the replaced Mortgage Loan as of such Replacement Cut-Off

28

Date, (vii) shall not provide for a "balloon" payment if the related Mortgage Loan did not provide for a "balloon" payment (and if such related Mortgage Loan provided for a "balloon" payment, such Qualified Replacement Mortgage Loan shall have an original maturity of not greater than (and not more than one year less than) the original maturity of such related Mortgage Loan), (viii) shall be a fixed rate Mortgage Loan with the same lien priority as the replaced Mortgage Loan if the Mortgage Loan being replaced is in the Fixed Rate Group and shall be a first lien adjustable rate Mortgage Loan if the Mortgage Loan being replaced is in the Adjustable Rate Group, (ix) satisfies the criteria set forth from time to time in the definition thereof at Section 860G(a)(4) of the Code (or any successor statute hereto) and applicable to the Trust and (x) satisfies the representations and warranties made pursuant to Schedule I hereof as of the date of substitution.

"Rating Agencies": Collectively, Moody's and Standard & Poor's or any successors thereto.

"Realized Loss": As to any Liquidated Loan, the amount, if any, by which the Loan Balance thereof as of the date of liquidation is in excess of Net Liquidation Proceeds realized thereon applied in reduction of such Loan Balance.

"Record Date": With respect to the Group 1 Certificates and the Class A-5 Certificates and each Distribution Date, the last day of the calendar month immediately preceding the calendar month in which such Distribution Date occurs and with respect to the Class A-6 Certificates, the day immediately preceding such Distribution Date.

"Reference Banks": Any leading banks which are engaged in transactions in Eurodollar deposits in the international Eurocurrency market (i) with an established place of business in London, (ii) not controlling, under the control of or under common control with the Seller or any affiliate thereof and (iii) whose quotations appear on Telerate Screen Page 3745 on the relevant LIBOR Determination Date.

"Refinance Mortgage Loan": Any Mortgage Loan that is not a Purchase Mortgage Loan.

"Register": The register maintained by the Registrar in accordance with
Section 5.04 hereof, in which the names of the Owners are set forth.

"Registrar": The Trustee, acting in its capacity as Registrar appointed pursuant to Section 5.04 hereof, or any duly appointed and eligible successor thereto.

"Registration Statement": The Registration Statement filed by the Depositor with the Securities and Exchange Commission (Registration Number 333-65215), including all amendments thereto and including the Prospectus Supplement relating to the Class A Certificates constituting a part thereof.

"Reimbursement Amount": As of any Distribution Date, the sum, without duplication, of (x)(i) all Insured Payments previously paid to the Trustee by the Certificate Insurer and not previously repaid to the Certificate Insurer pursuant to Section 7.03(c)(i)(C) and (D) hereof or pursuant to the Insurance Agreement plus (ii) interest accrued on each such Insured Payment not previously repaid calculated at the Reimbursement Late Payment Rate and (y)(i) any amounts then

29

due and owing to the Certificate Insurer under the Insurance Agreement plus (ii) interest on such amounts to the extent provided in the Insurance Agreement. The Certificate Insurer shall notify the Trustee, the Depositor and the Seller of the amount of any Reimbursement Amount.

"Reimbursement Late Payment Rate": Means for any Distribution Date, the rate of interest as it is publicly announced by Citibank, N.A., or any successor thereto, at its principal office in New York, New York as its prime rate (any change in such prime rate of interest to be effective on the date such change is announced by Citibank, N.A.) plus 3%. The Reimbursement Late Payment Rate shall be computed on the basis of a year of 365 days and the actual number of days elapsed. In no event shall the Reimbursement Late Payment Rate exceed the maximum rate permissible under any applicable law limiting interest rates.

"Related Loan Group": The Fixed Rate Group or the Adjustable Rate Group, as the case may be.

"Relief Act": The Soldiers' and Sailors' Civil Relief Act of 1940, as amended.

"REMIC": A "real estate mortgage investment conduit" within the meaning of
Section 860D of the Code.

"REMIC Opinion": As defined in Section 3.03 hereof.

"REMIC Provisions": Provisions of the federal income tax law relating to real estate mortgage investment conduits, which appear at Section 860A through 860G of Subchapter M of Chapter 1 of the Code, and related provisions, and regulations and revenue rulings promulgated thereunder, as the foregoing may be in effect from time to time.

"REO Property": A Mortgaged Property acquired by the Master Servicer on behalf of the Trust through foreclosure or deed-in-lieu of foreclosure in connection with a defaulted Mortgage Loan.

"Replacement Cut-Off Date": With respect to any Qualified Replacement Mortgage Loan, the first day of the calendar month in which such Qualified Replacement Mortgage Loan is conveyed to the Trust.

"Representation Letter": Letters to, or agreements with, the Depository to effectuate a book entry system with respect to the Class A Certificates registered in the Register under the nominee name of the Depository.

"Residual Net Monthly Excess Cashflow": With respect to any Distribution Date, the aggregate Net Monthly Excess Cashflow, if any, remaining after the making of all applications, transfers and disbursements described in Sections 7.03(c)(i), 7.03(c)(ii) and 7.03(c)(iii)(A) through (G) hereof.

"Schedules of Mortgage Loans": The schedules of Mortgage Loans attached hereto as Schedule I-A and Schedule I-B, separated by Mortgage Loan Group listing each Mortgage Loan in

30

the related Mortgage Loan Group to be conveyed on the Startup Day. Such Schedules of Mortgage Loans shall set forth as to each Mortgage Loan (i) the Master Servicer's loan number, (ii) the Mortgagor's name and address (including the state) of the Mortgaged Property, (iii) the lien priority thereof, (iv) the combined Loan-to-Value Ratio at origination, (v) the Loan Balance as of the Cut-Off Date or Replacement Cut-Off Date, (vi) the Mortgage Rate thereof (and, with respect to the Mortgage Loans in the Adjustable Rate Group, the margin and the applicable index), (vii) the current Scheduled Payment, (viii) the maturity of the related Note, (ix) the property type, (x) occupancy status, (xi) Appraised Value and (xii) original term-to-maturity.

"Scheduled Payment": As of any date of calculation, with respect to a Mortgage Loan, the then stated scheduled monthly installment of principal and interest payable thereunder which, if timely paid, would result in the full amortization of principal over the term thereof (or, in the case of a "balloon" Note, the term to the nominal maturity date for amortization purposes, without regard to the actual maturity date).

"Second Mortgage Loan": A Mortgage Loan which constitutes a second priority mortgage lien with respect to the related Mortgaged Property.

"Securities Act": The Securities Act of 1933, as amended.

"Seller": Companion Mortgage Corporation, a Delaware corporation.

"Senior Lien": With respect to any Second Mortgage Loan, the mortgage loan relating to the corresponding Mortgaged Property having a first priority lien.

"Servicer Loss Test": The Servicer Loss Test is satisfied if the Cumulative Loss Percentage for such period does not exceed the percentage set out for such period below (provided, that for purposes of the calculation of the Servicer Loss Test, Realized Losses attributable solely to Cram Down Losses are excluded from the calculation of Cumulative Loss Percentage).

    Period                             Cumulative Loss Percentage

November 2, 1999 - November 1, 2000              0.95%
November 2, 2000 - November 1, 2001              1.90%
November 2, 2001 - November 1, 2002              2.85%
November 2, 2002 - November 1, 2003              3.80%
November 2, 2003 and thereafter                  4.75%

"Servicer Termination Test": The Servicer Termination Test is satisfied for any date of determination thereof if (a) the 90+ Delinquency Percentage (Rolling Three Month) with respect to the Mortgage Loans is less than 13.0%, (b) the Servicer Loss Test is satisfied, (c) the Annual Loss Percentage (Rolling Twelve Month) as it relates to the Mortgage Loans for the twelve month period immediately preceding the date of determination is not greater than 2.25%, (d) H&R Block, Inc. continues to own 100% of Block Financial Corporation, and (e) Block Financial Corporation's long term corporate ratings remain at or above "BBB" by Standard & Poor's and "Baa2" by Moody's.

31

"Servicing Advance": As defined in Section 8.09(b) and Section 8.13(a) hereof.

"Servicing Fee": With respect to any Mortgage Loan, an amount retained by the Master Servicer as compensation for servicing and administration duties relating to such Mortgage Loan pursuant to Section 8.15 and equal to 0.50% per annum of the then outstanding Loan Balance of such Mortgage Loan as of the first day of the related Due Period payable on a monthly basis (taking into account Curtailments with respect to Actuarial Loans, Net Liquidation Proceeds and Prepayments received during the immediately preceding Prepayment Period and, with respect to Actuarial Loans, any Scheduled Payment due on or before the last day of the immediately preceding Due Period and in the Collection Account as of the Determination Date for such immediately preceding Due Period).

"Servicing Standard": As defined in Section 8.01 hereof.

"Simple Interest Loans": Any Mortgage Loan as to which, pursuant to the Note relating thereto, interest is computed and charged to the Mortgagor at the Mortgage Rate on the outstanding principal balance of such Note based on the number of days elapsed between receipt of the Mortgagor's last payment through receipt of the Mortgagor's most current payment.

"Specified Subordinated Amount": As applicable, the Fixed Rate Group Specified Subordinated Amount or the Adjustable Rate Group Specified Subordinated Amount.

"Standard & Poor's": Standard & Poor's Ratings Services, a division of The McGraw-Hill Companies, Inc.

"Startup Day": October 27, 1999.

"Subordinate Certificates": Collectively, the Class R Certificates.

"Subordinated Amount": The Fixed Rate Group Subordinated Amount or the Adjustable Rate Group Subordinated Amount, as the case may be.

"Subordination Deficiency Amount": With respect to any Mortgage Loan Group and Distribution Date, the excess, if any, of (i) the Specified Subordinated Amount applicable to such Mortgage Loan Group and Distribution Date over (ii) the Subordinated Amount applicable to such Mortgage Loan Group and Distribution Date prior to taking into account the payment of any related Subordination Increase Amounts on such Distribution Date.

"Subordination Deficit": With respect to any Mortgage Loan Group and Distribution Date, the amount, if any, by which (x) the aggregate of the related Class A Certificate Principal Balances relating to such Mortgage Loan Group, after taking into account all distributions to be made on such Distribution Date exceeds (y) the aggregate Loan Balances of the Mortgage Loans in the related Mortgage Loan Group as of the close of business on the last day of the related Due Period (taking into account Curtailments with respect to Actuarial Loans, Net Liquidation Proceeds and Prepayments collected during the related Prepayment Period, and with respect to Actuarial Loans in the related Mortgage Loan Group, the principal portion of all Scheduled Payments due on or before

32

the last day of the related Due Period and in the Collection Account as of the related Determination Date).

"Subordination Increase Amount": With respect to any Mortgage Loan Group and Distribution Date, the aggregate amount of Net Monthly Excess Cashflow allocated to such Mortgage Loan Group pursuant to Sections 7.03(c)(ii)(A) and (B) on such Distribution Date.

"Subordination Reduction Amount": With respect to any Mortgage Loan Group and Distribution Date, an amount equal to the lesser of (x) the Excess Subordinated Amount for such Mortgage Loan Group and Distribution Date and (y) the amount available for distribution on account of principal with respect to the Class A Certificates relating to such Mortgage Loan Group on such Distribution Date.

"Sub-Servicer": Any Person with whom the Master Servicer has entered into a Sub-Servicing Agreement and who satisfies any requirements set forth in Section 8.03 hereof in respect of the qualification of a Sub-Servicer, which initially will be CSC and Fairbanks.

"Sub-Servicing Agreement": Each of the sub-servicing agreements between the Master Servicer and CSC and between the Master Servicer and Fairbanks relating to servicing and/or administration of certain Mortgage Loans as permitted by
Section 8.03, or any successor agreement.

"Substitution Adjustment": As defined in Section 3.03 hereof.

"Tax Matters Certificate": The Certificate representing the Tax Matters Person Residual Interest, initially issued to the Trustee as the initial Tax Matters Person.

"Tax Matters Person": The Person appointed for the Trust pursuant to
Section 11.18 hereof to act as the Tax Matters Person under the Code.

"Tax Matters Person Residual Interest": The 0.001% interest in the "residual interest" in the Trust Fund, which shall be issued to and held by the Trustee throughout the term hereof unless another Person shall accept an assignment of such interest and the designation of Tax Matters Person pursuant to Section 11.18 hereof.

"Termination Auction": As defined in Section 9.03 hereof.

"Termination Notice": As defined in Section 9.04(a) hereof.

"Total Available Funds": As defined in Section 7.02(d) hereof.

"Total Monthly Excess Cashflow": As defined in Section 7.03(c)(i) hereof.

"Total Monthly Excess Spread": The Group 1 Total Monthly Excess Spread or the Group 2 Total Monthly Excess Spread, as the case may be.

33

"Trust": Block Mortgage Finance Asset Backed Certificates Series 1999-2 Trust, the trust created under this Agreement.

"Trust Estate": As defined in the conveyance clause under this Agreement.

"Trustee": Bank One, National Association, a national banking association, the Corporate Trust Office of which is located on the date of execution of this Agreement at 1 Bank One Plaza, Suite IL1-0126, Chicago, Illinois 60670-0126, not in its individual capacity but solely as Trustee under this Agreement, and any successor hereunder.

"Trustee Fee": The fee payable monthly on each Distribution Date in an amount equal to one-twelfth of 0.0225% multiplied by the then-outstanding Loan Balance.

"Underwriters": Chase Securities Inc. and Salomon Smith Barney Inc.

"Uniform Commercial Code": The Uniform Commercial Code in effect in the applicable jurisdiction.

"Voting Rights": The portion of the voting rights of all of the Certificates that is allocated to any Certificate or Class of Certificates. At all times during the term of this Agreement, the percentage of the Voting Rights assigned to each Class shall be a fraction, the numerator of which is equal to the aggregate outstanding Certificate Principal Balance of such Class of Certificates and the denominator of which is equal to the aggregate outstanding Certificate Principal Balances of all Classes of Certificates. The Voting Rights of any Class of Certificates shall be allocated among Owners of Certificates of such Class in proportion to their respective Percentage Interests. The aggregate Voting Rights of Owners of more than one Class of Certificates shall be equal to the sum of the products of each such Owner's Voting Rights and the percentage of Voting Rights allocated to the related Class of Certificates. At all times during the term of this Agreement, 99% and 1% of all Voting Rights shall be allocated to the Owners of the Class A Certificates (for such time as any Class A Certificate is outstanding) and the Owners of the Class R Certificates, respectively.

"Weighted Average Pass-Through Rate": As to the Class A Certificates and any Distribution Date, the weighted average of the Class A-1 Pass-Through Rate, Class A-2 Pass-Through Rate, Class A-3 Pass-Through Rate, Class A-4 Pass-Through Rate, Class A-5 Pass Through Rate and Class A-6 Pass Through Rate (such rate calculated for this purpose on the basis of a 360-day year assumed to consist of twelve 30 day months) weighted by the respective Certificate Principal Balances of the related Class, as of such Distribution Date prior to taking into account any distributions to be made on such Distribution Date.

ARTICLE II

ESTABLISHMENT AND ORGANIZATION OF THE TRUST

Section 2.01 Establishment of the Trust.

34

The parties hereto do hereby create and establish, pursuant to the laws of the State of New York and this Agreement, the Trust, which, for convenience, shall be known as "Block Mortgage Finance Asset Backed Certificates Series 1999-2 Trust," which shall contain two separate pools of Mortgage Loans.

Section 2.02 Office

The office of the Trust shall be in care of the Trustee, addressed to 1 Bank One Plaza, Suite IL1-0126, Chicago, Illinois 60670-0126, Attention: Block Mortgage Finance Asset Backed Certificates, Series 1999-2, or at such other address as the Trustee may designate by notice to the Depositor, the Seller, the Master Servicer, the Owners and the Certificate Insurer.

Section 2.03 Purposes and Powers.

The purpose of the Trust is to engage in the following activities and only such activities: (i) the issuance of the Certificates and the acquiring, owning and holding of Mortgage Loans and the Trust Estate in connection therewith; (ii) activities that are necessary, suitable or convenient to accomplish the foregoing or are incidental thereto or connected therewith, including the investment of moneys in accordance with this Agreement; and (iii) such other activities as may be required in connection with conservation of the Trust Estate and distributions to the Owners; provided, however, that nothing contained herein shall permit the Trustee to take any action which would adversely affect the Trust Fund's status as a REMIC.

Section 2.04 Appointment of the Trustee; Declaration of Trust.

The Depositor hereby appoints the Trustee as trustee of the Trust effective as of the Startup Day, to have all the rights, powers and duties set forth herein. The Trustee hereby acknowledges and accepts such appointment, represents and warrants its eligibility as of the Startup Day to serve as Trustee pursuant to Section 10.08 hereof and declares that it will hold the Trust Estate in trust upon and subject to the conditions set forth herein for the benefit of the Owners.

Section 2.05 Expenses of the Trust.

The expenses of the Trust, including (i) any portion of the Trustee Fee not paid pursuant to Section 7.03(c)(iii)(B) hereof, (ii) any reasonable expenses of the Trustee, and (iii) any other reasonable expenses of the Trust (provided that the reasonable expenses of the Trust set forth in this clause (iii) have been reviewed and approved by the Master Servicer, which review and approval shall not be required in connection with the enforcement of a remedy by the Trustee resulting from a default under this Agreement), shall be paid directly by the Master Servicer. The Master Servicer shall pay directly the reasonable fees and expenses of counsel to the Trustee. The reasonable fees and expenses of the Trustee's counsel in connection with the review and delivery of this Agreement and related documentation shall be paid by the Master Servicer on the Startup Day. In addition, if any assignment of Mortgage is required to be filed pursuant to the terms of this Agreement, the Master Servicer shall pay for all costs and expenses associated with filing such assignment in the appropriate recording office.

35

Section 2.06 Ownership of the Trust.

On the Startup Day, the ownership interests in the Trust shall be transferred as set forth in Section 4.02 hereof, such transfer to be evidenced by sale of the Certificates as described therein. Thereafter, transfer of any ownership interest shall be governed by Sections 5.04 and 5.08 hereof.

Section 2.07 Situs of the Trust.

It is the intention of the parties hereto that the Trust constitute a trust under the laws of the State of New York. The Trust will be administered in the State of Illinois. The Trust will not have any employees and will not have any real or personal property (other than property acquired pursuant to Section 8.13 hereof) located in any state other than in the State of Illinois (provided, however, that the Trustee may maintain the Files in California). Payments will be received by the Trustee only in the State of Illinois and payments from the Trustee will be made only from the State of Illinois. The Trust's only office will be at the office of the Trustee as set forth in Section 2.02 hereof.

Section 2.08 Miscellaneous REMIC Provisions.

(a) The Trust Fund for federal income tax purposes will consist of a single REMIC. The Certificates will represent the entire beneficial ownership interest in the Trust Fund. The Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 and Class A-6 Certificates will represent the "regular interests" in the Trust Fund and the Class R Certificates will represent the single "residual interest" in the Trust Fund. The Owner of the Tax Matters Person Residual Interest is hereby designated as "tax matters person" as defined in the REMIC Provisions with respect to the Trust.

(b) The Trust shall, for federal income tax purposes, maintain books on a calendar year basis and report income on an accrual basis.

(c) The Trustee shall cause the Trust to elect to be treated as a REMIC under Section 860D of the Code. Any inconsistencies or ambiguities in this Agreement or in the administration of the Trust shall be resolved in a manner that preserves the validity of such election to be treated as a REMIC.

(d) The Trustee shall provide to the Internal Revenue Service and to the Person described in Section 860(E)(e)(3) and (6) of the Code the information described in Treasury Regulation Section 1.860D-l(b)(5)(ii), or any successor regulation thereto with respect to the Trust. Such information will be provided in the manner described in Treasury Regulation Section 1.860E-2(a)(5), or any successor regulation thereto.

(e) For federal income tax purposes, the Final Scheduled Distribution Date for each Class of Certificates is hereby set to be the Distribution Date indicated below:

36

                              Final Scheduled
     Class                    Distribution Date
     -----                    -----------------

Class A-1 Certificates             April 2014

Class A-2 Certificates             September 2016

Class A-3 Certificates             May 2008

Class A-4 Certificates             April 2014

Class A-5 Certificates             August 2022

Class A-6 Certificates             December 2028

ARTICLE III

REPRESENTATIONS, WARRANTIES AND COVENANTS
OF THE DEPOSITOR, THE MASTER SERVICER AND THE SELLER;
COVENANT OF SELLER TO CONVEY MORTGAGE LOANS

Section 3.01 Representations and Warranties of the Depositor.

The Depositor hereby represents, warrants and covenants to the Trustee, the Certificate Insurer and the Owners that as of the Startup Day:

(a) The Depositor is a corporation duly organized, validly existing and in good standing under the laws governing its creation and existence and is in good standing as a foreign corporation in each jurisdiction in which the nature of its business, or the properties owned or leased by it, make such qualification necessary, except where the failure to so qualify would not have a material adverse effect on the Depositor, the Owners or the Certificate Insurer. The Depositor has all requisite corporate power and authority to own and operate its properties, to carry out its business as currently conducted and as proposed to be conducted and to enter into and discharge its obligations under this Agreement and the other Operative Documents to which it is a party.

(b) The execution and delivery of this Agreement by the Depositor and its performance and compliance with the terms of this Agreement and the other Operative Documents to which it is a party have been duly authorized by all necessary corporate action on the part of the Depositor and will not (i) violate the Depositor's Certificate of Incorporation or Bylaws, (ii) constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in a breach of, any material contract, agreement or other instrument to which the Depositor is a party or by which the Depositor is bound or (iii) violate any statute or any order, rule or regulation of any court, governmental agency or body or other tribunal having jurisdiction over the Depositor or any of its properties, except where the failure to so comply would not have a material adverse effect on the Depositor, the Owners or the Certificate Insurer.

37

(c) This Agreement and the other Operative Documents to which the Depositor is a party, assuming due authorization, execution and delivery by the other parties hereto and thereto, each constitutes a valid, legal and binding obligation of the Depositor, enforceable against it in accordance with the terms hereof and thereof, except as the enforcement thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors' rights generally and by general principles of equity (whether considered in a proceeding or action in equity or at law).

(d) The Depositor is not in default with respect to any order or decree of any court or any order, regulation or demand of any federal, state, municipal or other governmental agency, which default would materially and adversely affect the condition (financial or other) or operations of the Depositor or its properties or the consequences of which would materially and adversely affect its performance hereunder or under the other Operative Documents to which the Depositor is a party.

(e) No litigation is pending or, to the best of the Depositor's knowledge, threatened against the Depositor which litigation is likely to have consequences that would prohibit its entering into this Agreement or that would materially and adversely affect the condition (financial or otherwise) or operations of the Depositor or its properties or is likely to have consequences that would materially and adversely affect its performance hereunder.

(f) No certificate of an officer, statement furnished in writing or report delivered pursuant to the terms hereof by the Depositor contains any untrue statement of a material fact or omits to state any material fact necessary to make the certificate, statement or report not misleading.

(g) The statements contained in the Registration Statement which describe the Depositor or matters or activities for which the Depositor is responsible in accordance with the Operative Documents or which are attributable to the Depositor therein are true and correct in all material respects, and the Registration Statement does not contain any untrue statement of a material fact with respect to the Depositor required to be stated therein or necessary to make the statements contained therein with respect to the Depositor, in light of the circumstances under which they were made, not misleading. The Registration Statement does not contain any untrue statement of a material fact required to be stated therein or omit to state any material fact necessary to make the statements contained therein, in light of the circumstances under which they were made, not misleading.

(h) All actions, approvals, consents, waivers, exemptions, variances, franchises, orders, permits, authorizations, rights and licenses required to be taken, given or obtained to or by the Depositor, as the case may be, by or from any federal, state or other governmental authority or agency (other than any such actions, approvals, etc. under any state securities laws, real estate syndication or "Blue Sky" statutes, as to which the Depositor makes no such representation or warranty), that are necessary or advisable in connection with the purchase and sale of the Certificates and the execution and delivery by the Depositor of the Operative Documents to which it is a party, have been duly taken, given or obtained, as the case may be, are in full force and effect on the date hereof, are not subject to any pending proceedings or appeals (administrative, judicial or otherwise) and either the time within which any appeal therefrom may be taken or review thereof

38

may be obtained has expired or no review thereof may be obtained or appeal therefrom taken, and are adequate to authorize the consummation of the transactions contemplated by this Agreement and the other Operative Documents on the part of the Depositor and the performance by the Depositor of its obligations under this Agreement and such of the other Operative Documents to which it is a party.

(i) The Depositor is not insolvent, nor will it be made insolvent by the transfer of the Mortgage Loans, nor is the Depositor aware of any pending insolvency of the Depositor, the Seller or the Master Servicer.

(j) The transactions contemplated by this Agreement are in the ordinary course of business of the Depositor.

(k) The transfer, assignment and conveyance of the Notes and the Mortgages by the Depositor hereunder are not subject to the bulk transfer laws or any similar statutory provisions in effect in any applicable jurisdiction.

It is understood and agreed that the representations and warranties set forth in this Section 3.01 shall survive delivery of the respective Mortgage Loans to the Trustee.

Section 3.02 Representations and Warranties of the Master ServicerSection
3.02 Representations and Warranties of the Master ServicerSection 3.02

Representations   and   Warranties   of   the   Master    ServicerSection   3.02
Representations   and   Warranties   of   the   Master    ServicerSection   3.02
Representations   and   Warranties   of   the   Master    ServicerSection   3.02
Representations and Warranties of the Master Servicer.

The Master Servicer hereby represents, warrants and covenants to the Trustee, the Certificate Insurer and the Owners that as of the Startup Day:

(a) The Master Servicer is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, is, and each Sub-Servicer is, in compliance with the laws of each state in which any Mortgaged Property is located to the extent necessary to enable it to perform its obligations hereunder and is in good standing as a foreign corporation in each jurisdiction in which the nature of its business, or the properties owned or leased by it make such qualification necessary, except where the failure to so qualify would not have a material adverse effect on the Master Servicer, any Sub-Servicer, if applicable, the Owners, the Trust or the Certificate Insurer. The Master Servicer and each Sub-Servicer has all requisite corporate power and authority to own and operate its properties, to carry out its business as currently conducted and as proposed to be conducted and to enter into and discharge its obligations under this Agreement and the other Operative Documents to which it is a party. Either the Master Servicer or each Sub-Servicer is designated as an approved seller-servicer by FNMA for first and second mortgage loans and has combined equity and subordinated debt of at least $1,500,000, as determined in accordance with generally accepted accounting principles.

(b) The execution and delivery of this Agreement by the Master Servicer and its performance and compliance with the terms of this Agreement have been duly authorized by all necessary corporate action on the part of the Master Servicer and will not (i) violate the Master Servicer's Certificate of Incorporation or Bylaws, (ii) constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any material contract, agreement or other instrument to which the Master Servicer is a party or by which

39

the Master Servicer is bound or (iii) violate any statute or any order, rule or regulation of any court, governmental agency or body or other tribunal having jurisdiction over the Master Servicer or any of its properties, except where the failure to so comply would not have a material adverse effect on the Master Servicer, the Owners, the Trust or the Certificate Insurer.

(c) This Agreement and the Operative Documents to which the Master Servicer is a party, assuming due authorization, execution and delivery by the other parties hereto and thereto, each constitutes a valid, legal and binding obligation of the Master Servicer, enforceable against it in accordance with the terms hereof and thereof, except as the enforcement hereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors' rights generally and by general principles of equity (whether considered in a proceeding or action in equity or at law).

(d) The Master Servicer is not in default with respect to any order or decree of any court or any order, regulation or demand of any federal, state, municipal or governmental agency, which default might have consequences that would materially and adversely affect the condition (financial or otherwise) or operations of the Master Servicer or its properties or might have consequences that would materially and adversely affect its performance hereunder or under the other Operative Documents to which the Master Servicer is a party.

(e) No litigation is pending or, to the best of the Master Servicer's knowledge, threatened against the Master Servicer which litigation is likely to have consequences that would prohibit its entering into this Agreement or that would materially and adversely affect the condition (financial or otherwise) or operations of the Master Servicer or its properties or is likely to have consequences that would materially and adversely affect its performance hereunder.

(f) No certificate of an officer, statement furnished in writing or report delivered pursuant to the terms hereof by the Master Servicer contains any untrue statement of a material fact or omits to state any material fact necessary to make the certificate, statement or report not misleading.

(g) The statements contained in the Registration Statement which describe the Master Servicer or matters or activities for which the Master Servicer is responsible in accordance with the Operative Documents or which are attributed to the Master Servicer therein are true and correct in all material respects, and the Registration Statement does not contain any untrue statement of a material fact with respect to the Master Servicer or omit to state a material fact required to be stated therein or necessary to make the statements contained therein with respect to the Master Servicer, in light of the circumstances under which they were made, not misleading.

(h) The Master Servicer will account for any servicing fee rights in accordance with Statement of Financial Accounting Standards No. 125 issued by the Financial Accounting Standards Board.

(i) All actions, approvals, consents, waivers, exemptions, variances, franchises, orders, permits, authorizations, rights and licenses required to be taken, given or obtained to or by the Master Servicer, as the case may be, by or from any federal, state or other governmental authority or

40

agency (other than any such actions, approvals, etc. under any state securities laws, real estate syndication or "Blue Sky" statutes, as to which the Master Servicer makes no such representation or warranty), that are necessary or advisable in connection with the execution and delivery by the Master Servicer of the Operative Documents to which it is a party, have been duly taken, given or obtained, as the case may be, are in full force and effect on the date hereof, are not subject to any pending proceedings or appeals (administrative, judicial or otherwise) and either the time within which any appeal therefrom may be taken or review thereof may be obtained has expired or no review thereof may be obtained or appeal therefrom taken, and are adequate to authorize the consummation of the transactions contemplated by this Agreement and the other Operative Documents on the part of the Master Servicer and the performance by the Master Servicer of its obligations under this Agreement and such of the other Operative Documents to which it is a party.

(j) The collection practices used by the Master Servicer and each Sub-Servicer with respect to the Mortgage Loans have been, in all material respects, legal, proper, prudent and customary in the mortgage servicing business for comparable mortgage loans.

(k) The transactions contemplated by this Agreement are in the ordinary course of business of the Master Servicer.

It is understood and agreed that the representations and warranties set forth in this Section 3.02 shall survive delivery of the Mortgage Loans to the Trustee.

Upon discovery by any of the Depositor, the Seller, the Master Servicer, the Certificate Insurer, any Owner or the Trustee (each, for purposes of this paragraph, a party) of a breach of any of the representations and warranties set forth in this Section 3.02 which materially and adversely affects the interests of the Owners or of the Certificate Insurer, the party discovering such breach shall give prompt written notice to the other parties. Within 60 days of its discovery or its receipt of notice of breach, the Master Servicer shall cure such breach in all material respects and, upon the Master Servicer's continued failure to cure such breach, may thereafter be removed by the Trustee pursuant to Section 8.20 hereof; provided, however, that if any party can establish to the reasonable satisfaction of the Certificate Insurer that it is diligently pursuing remedial action, then the cure period may be extended with the written approval of the Certificate Insurer.

Section 3.03 Representations and Warranties of the Seller.

The Seller hereby represents, warrants and covenants to the Trustee, the Certificate Insurer and the Owners that as of the Startup Day:

(a) The Seller is a corporation duly organized, validly existing and in good standing under the laws governing its creation and existence and is in good standing as a foreign corporation in each jurisdiction in which the nature of its business, or the properties owned or leased by it, make such qualification necessary, except where the failure to so qualify would not have a material adverse effect on the Seller, the Owners, the Trust and the Certificate Insurer. The Seller has all requisite corporate power and authority to own and operate its properties, to carry out its business as currently conducted and as proposed to be conducted and to enter into and discharge its obligations under this Agreement and the other Operative Documents to which it is a party.

41

(b) The execution and delivery of this Agreement by the Seller and its performance and compliance with the terms of this Agreement and the other Operative Documents to which it is a party have been duly authorized by all necessary corporate action on the part of the Seller and will not (i) violate the Seller's Certificate of Incorporation or Bylaws, (ii) constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in a breach of, any material contract, agreement or other instrument to which the Seller is a party or by which the Seller is bound or (iii) violate any statute or any order, rule or regulation of any court, governmental agency or body or other tribunal having jurisdiction over the Seller or any of its properties, except where the failure to so comply would not have a material adverse effect on the Seller, the Owners, the Trust and the Certificate Insurer.

(c) This Agreement and the other Operative Documents to which the Seller is a party, assuming due authorization, execution and delivery by the other parties hereto and thereto, each constitutes a valid, legal and binding obligation of the Seller, enforceable against it in accordance with the terms hereof and thereof, except as the enforcement thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors' rights generally and by general principles of equity (whether considered in a proceeding or action in equity or at law).

(d) The Seller is not in default with respect to any order or decree of any court or any order, regulation or demand of any federal, state, municipal or other governmental agency, which default would materially and adversely affect the condition (financial or other) or operations of the Seller or its properties or the consequences of which would materially and adversely affect its performance hereunder and under the other Operative Documents to which the Seller is a party.

(e) No litigation is pending or, to the best of the Seller's knowledge, threatened against the Seller which litigation is likely to have consequences that would prohibit its entering into this Agreement or that would materially and adversely affect the condition (financial or otherwise) or operations of the Seller or its properties or is likely to have consequences that would materially and adversely affect its performance hereunder.

(f) No certificate of an officer, statement furnished in writing or report delivered pursuant to the terms hereof by the Seller contains any untrue statement of a material fact or omits to state any material fact necessary to make the certificate, statement or report not misleading.

(g) The statements contained in the Registration Statement which describe the Seller or matters or activities for which the Seller is responsible in accordance with the Operative Documents or which are attributable to the Seller therein are true and correct in all material respects. The Registration Statement does not contain any untrue statement of a material fact with respect to the Seller, or omit to state any material fact necessary to make the statements contained therein, in light of the circumstances under which they were made, not misleading.

(h) Upon the receipt of each Mortgage Loan (including the related Note) and other items of the Trust Estate by the Trustee under this Agreement, the Trust will have good title to such Mortgage Loan (including the related Note) and such other items of the Trust Estate free and clear

42

of any lien, charge, mortgage, encumbrance or rights of others, except as set forth in item (ix) of Schedule I (other than liens which will be simultaneously released).

(i) Neither the Seller nor any affiliate thereof will report on any financial statement any part of the Servicing Fee as an adjustment to the sales price of the Mortgage Loans.

(j) All actions, approvals, consents, waivers, exemptions, variances, franchises, orders, permits, authorizations, rights and licenses required to be taken, given or obtained to or by the Seller, as the case may be, by or from any federal, state or other governmental authority or agency (other than any such actions, approvals, etc., under any state securities laws, real estate syndication or "Blue Sky" statutes, as to which the Seller makes no such representation or warranty), that are necessary or advisable in connection with the purchase and sale of the Certificates and the execution and delivery by the Seller of the Operative Documents to which it is a party, have been duly taken, given or obtained, as the case may be, are in full force and effect on the date hereof, are not subject to any pending proceedings or appeals (administrative, judicial or otherwise) and either the time within which any appeal therefrom may be taken or review thereof may be obtained has expired or no review thereof may be obtained or appeal therefrom taken, and are adequate to authorize the consummation of the transactions contemplated by this Agreement and the other Operative Documents on the part of the Seller and the performance by the Seller of its obligations under this Agreement and such of the other Operative Documents to which it is a party.

(k) The origination practices used by the Seller or, to the Seller's knowledge, the respective originators of the Mortgage Loans with respect to such Mortgage Loans have been in all material respects, legal, proper, prudent and customary in the mortgage lending business in the jurisdiction in which the related Mortgaged Properties are located.

(l) The Seller is not insolvent, nor will it be made insolvent by the transfer of the Mortgage Loans, nor is the Seller aware of any pending insolvency of the Seller, the Depositor or the Master Servicer.

(m) The transfer, assignment and conveyance of the Notes and the Mortgages by the Seller hereunder are not subject to the bulk transfer laws or any similar statutory provisions in effect in any applicable jurisdiction.

(n) The transactions contemplated by this Agreement are in the ordinary course of business of the Seller.

It is understood and agreed that the representations and warranties set forth in this Section 3.03 shall survive delivery of the respective Mortgage Loans to the Trustee.

Upon discovery by any of the Master Servicer, the Seller, the Depositor, the Certificate Insurer or the Trustee (each, for purposes of this paragraph, a "party") of a breach of any of the representations and warranties set forth in this Section 3.03 which materially and adversely affects the interests of the Owners or the Certificate Insurer, the party discovering such breach shall give prompt written notice to the other parties. The Seller hereby covenants and agrees that within 60 days of its discovery or its receipt of notice of breach, it shall cure such breach in all material

43

respects or, with respect to a breach of clause (h) above, the Seller may (or may cause an affiliate of the Seller to) on the Monthly Remittance Date next succeeding such discovery or receipt of notice (i) substitute in lieu of any Mortgage Loan not in compliance with clause (h) a Qualified Replacement Mortgage Loan and, if the outstanding principal amount of such Qualified Replacement Mortgage Loan as of the applicable Replacement Cut-Off Date is less than the Loan Balance of such Mortgage Loan as of such Replacement Cut-Off Date, deliver an amount equal to such difference together with the aggregate amount of (A) all Delinquency Advances and Servicing Advances theretofore made with respect to such Mortgage Loan, to the extent unreimbursed to the Master Servicer and (B) all Delinquency Advances and Servicing Advances which the Master Servicer has theretofore failed to remit with respect to such Mortgage Loan (a "Substitution Adjustment") to the Master Servicer for deposit in the Collection Account or
(ii) purchase such Mortgage Loan from the Trust at the Loan Purchase Price, which purchase price shall be delivered to the Master Servicer for deposit in the Collection Account. Notwithstanding any provision of this Agreement to the contrary, with respect to any Mortgage Loan which is not in default or as to which no default is imminent, no repurchase or substitution pursuant to Section 3.03, 3.04 or 3.06 shall be made unless the Seller obtains for the Trustee and the Certificate Insurer an opinion of counsel experienced in federal income tax matters to the effect that such a repurchase or substitution would not constitute a Prohibited Transaction for the Trust or otherwise subject the Trust to tax and would not jeopardize the status of the Trust as a REMIC (a "REMIC Opinion") addressed to the Trustee and the Certificate Insurer and acceptable to the Certificate Insurer and the Trustee. Any Mortgage Loan as to which repurchase or substitution was delayed pursuant to this Section shall be repurchased or substituted for (subject to compliance with Sections 3.03, 3.04 or 3.06, as the case may be) upon the earlier of (a) the occurrence of a default or imminent default with respect to such Mortgage Loan and (b) receipt by the Trustee and the Certificate Insurer of a REMIC Opinion.

Section 3.04 Covenants of Seller to Take Certain Actions with Respect to the Mortgage Loans in Certain Situations.

(a) The Seller hereby makes the representations set forth on Schedule I hereto with respect to the Mortgage Loans.

(b) Upon the discovery by the Seller, the Master Servicer, the Certificate Insurer, or the Trustee (i) that any of the statements set forth in Schedule I hereto were untrue as of the Startup Day with the result that the interests of the Owners or the Certificate Insurer are materially and adversely affected or
(ii) that statements set forth in clauses (ix), (x), (xiii), (xxxvi), (xl), or
(xli) of Schedule I hereto were untrue in any material respect as of the Startup Day, the party discovering such breach shall give prompt written notice to the other parties. Upon the earlier to occur of the Seller's discovery or its receipt of notice of breach from any one of the other parties, the Seller hereby covenants and warrants that it shall promptly cure such breach in all material respects or, subject to the last two sentences of Section 3.03, it shall on the second Monthly Remittance Date next succeeding such discovery or receipt of notice (i) substitute in lieu of each Mortgage Loan which has given rise to the requirement for action by the Seller a Qualified Replacement Mortgage Loan and deliver the Substitution Adjustment to the Master Servicer for deposit in the Collection Account or (ii) purchase such Mortgage Loan from the Trust at a purchase price equal to the Loan Purchase Price thereof, which purchase price shall be delivered to the Master Servicer for deposit in the Collection Account. Other than as specified in Section 6.12 hereof, it is understood and agreed that

44

the foregoing obligation of the Seller so to substitute for or purchase any Mortgage Loan shall constitute the sole remedy respecting a discovery of any such statement which is untrue in any material respect in this Section 3.04 available to the Owners, the Trustee and the Certificate Insurer.

(c) In the event that any such repurchase results in a prohibited transaction tax, the Trustee shall (upon its actual knowledge of such event) promptly notify the Seller in writing thereof and the Seller will, within 10 days of receiving notice thereof from the Trustee, deposit the amount due from the Trust with the Trustee for the payment thereof, including any interest and penalties, in immediately available funds. In the event that any Qualified Replacement Mortgage Loan is delivered by the Seller to the Trust pursuant to
Section 3.03, Section 3.04 or Section 3.06 hereof, the Seller shall be obligated to take the actions described in Section 3.04(b) with respect to such Qualified Replacement Mortgage Loan upon the discovery by any of the Owners, the Seller, the Master Servicer, the Certificate Insurer, or the Trustee that the statements set forth in clause (ix), (x), (xiii), (xxxvi), (xl) or (xli) of Schedule I hereto are untrue in any material respect on the date such Qualified Replacement Mortgage Loan is conveyed to the Trust or that any of the other statements set forth in Schedule I hereto are untrue on the date such Qualified Replacement Mortgage Loan is conveyed to the Trust such that the interests of the Owners or the Certificate Insurer in the related Qualified Replacement Mortgage Loan are materially and adversely affected; provided, however, that for the purposes of this subsection (c) the statements in Schedule I hereto referring to items "as of the Cut-Off Date" or "as of the Startup Day" shall be deemed to refer to such items as of the date such Qualified Replacement Mortgage Loan is conveyed to the Trust or the related Replacement Cut-Off Date, as appropriate.

(d) It is understood and agreed that the covenants set forth in this
Section 3.04 shall survive delivery of the respective Mortgage Loans (including Qualified Replacement Mortgage Loans) to the Trustee.

(e) The Trustee shall have no duty to conduct any affirmative investigation other than as specifically set forth in this Agreement as to the occurrence of any condition requiring the purchase or repurchase of, or substitution for, any Mortgage Loan pursuant to this Article III or the eligibility of any Mortgage Loan for the purpose of this Agreement.

Notwithstanding the fact that a representation contained in Schedule I hereto may be limited to the Seller's knowledge, such limitation shall not relieve the Seller of its purchase obligation under the terms of this Section 3.04, or its obligations under Section 6.12 hereof.

Section 3.05 Conveyance of the Mortgage Loans and Qualified Replacement Mortgage Loans.

(a) On the Startup Day the Seller, concurrently with the execution and delivery hereof, hereby transfers, assigns, sets over and otherwise conveys to the Depositor and the Depositor, concurrently with the execution and delivery hereof, transfers, assigns, sets over and otherwise conveys, without recourse, to the Trustee for the benefit of the Owners all of their respective right, title and interest in and to the Trust Estate; provided, however, that the Seller reserves and retains all of its right, title and interest in and to (i) principal (including Prepayments) and interest collected on each Mortgage Loan on or prior to the Cut-Off Date (other than, with respect to Actuarial Loans,

45

Scheduled Payments collected on or prior to the Cut-Off Date and due after the Cut-Off Date) and (ii) with respect to Actuarial Loans, Scheduled Payments due on or prior to the Cut-Off Date. The transfer by the Depositor of the Mortgage Loans set forth on the Schedules of Mortgage Loans to the Trustee on behalf of the Trust is absolute and is intended by the Owners and all parties hereto to be treated as a sale by the Depositor.

It is intended that the sale, transfer, assignment and conveyance herein contemplated constitute a sale of the Mortgage Loans conveying good title thereto free and clear of any liens and encumbrances from the Seller to the Depositor and from the Depositor to the Trust and that the Mortgage Loans not be part of the Depositor's or the Seller's estate in the event of insolvency. In the event that such conveyance is deemed to be a loan, the parties intend that the Seller shall be deemed to have granted to the Depositor and the Depositor shall be deemed to have granted to the Trustee a first priority perfected security interest in the Trust Estate, and that this Agreement shall constitute a security agreement under applicable law.

In connection with such sale, transfer, assignment, and conveyance from the Seller to the Depositor, the Seller has filed, in the appropriate office or offices in the States of New York, California, Illinois, Georgia, Utah and Missouri, a UCC-1 financing statement executed by the Seller as debtor, naming the Depositor as secured party and the Trustee as assignee and listing the Mortgage Loans and the other property described above as collateral. The characterization of the Seller as debtor and the Depositor as secured party on such financing statements is solely for protective purposes and shall in no way be construed as being contrary to the intent of the parties that this transaction be treated as a sale of the Seller's entire right, title and interest in and to the Trust Estate. In connection with such filing, the Seller agrees that it shall cause to be filed all necessary continuation statements and amendments thereof and to take or cause to be taken such actions and execute such documents as are necessary to perfect and protect the Trustee's, the Owners' and the Certificate Insurer's interest in the Trust Estate.

In connection with such sale, transfer, assignment, and conveyance from the Depositor to the Trustee, the Depositor has filed, in the appropriate office or offices in the States of New York, California, Illinois, Georgia, Utah and Missouri, a UCC-1 financing statement executed by the Depositor as debtor, naming the Trustee as secured party and listing the Mortgage Loans and the other property described above as collateral. The characterization of the Depositor as debtor and the Trustee as secured party in such financing statements is solely for protective purposes and shall in no way be construed as being contrary to the intent of the parties that this transaction be treated as a sale of the Depositor's entire right, title and interest in and to the Trust Estate. In connection with such filing, the Depositor agrees that it shall cause to be filed all necessary continuation statements thereof and to take or cause to be taken such actions and execute such documents as are necessary to perfect and protect the Trustee's, the Owners' and the Certificate Insurer's interest in the Trust Estate.

(b) In connection with the transfer and assignment of the Mortgage Loans, the Depositor agrees to:

(i) deliver without recourse to the Trustee on the Startup Day with respect to each Mortgage Loan, (A) the original Mortgage Note, endorsed by the Seller or the last endorsee

46

of such Mortgage Loan, without recourse, in the following form: "Pay to the order of ________________________ without recourse", with all intervening endorsements necessary to show a complete chain of endorsement from the originator to the Seller or last endorsee (or a lost note affidavit in the form of Exhibit J); (B) the original recorded Mortgage; (C) a duly executed assignment of the Mortgage in blank (each such assignment, when duly and validly completed, to be in recordable form and sufficient to effect the assignment of, and transfer to the assignee thereof under, the Mortgage to which such assignment relates); (D) the original recorded assignment or assignments of the Mortgage together with all interim recorded assignments of such Mortgage from the originator to the Seller or last endorsee; (E) the original or copies of each assumption, modification, written assurance or substitution agreement, if any; (F) the original or duplicate original lender's title policy and all riders thereto or, in the event such original title policy has not been received from the insurer, any one of an original title binder, an original preliminary title report or an original title commitment, or a copy thereof certified by the title company, with the original policy of title insurance to be delivered within one year of the Startup Day; and (G) the original certificate of title to each manufactured home, noting the Trustee as lienholder thereon; and

(ii) deliver the title insurance policy or title searches, the original Mortgages and such recorded assignments, together with originals or duly certified copies of any and all prior assignments, to the Trustee within 15 days of receipt thereof by the Depositor (but in any event, with respect to any Mortgage as to which original recording information has been made available to the Depositor, within one year after the Startup Day).

With respect to each Mortgage Loan, the Master Servicer shall, within six
(6) months of the Startup Day, cause to be recorded with respect to each Mortgage Loan the original assignment of Mortgage referred to in clause (i)(C) above and shall, within five Business Days after receipt thereof, deliver or cause to be delivered to the Trustee such original recorded assignment of Mortgage, except in the states for which a legal opinion is delivered to the Trustee and the Certificate Insurer as provided below and is approved by the Certificate Insurer. In regard to those states in which Mortgaged Properties are located, the Master Servicer shall have the right to deliver to the Trustee and the Certificate Insurer a legal opinion providing that the recordation of the assignment of Mortgage in one or more of such states is not necessary under applicable state law to transfer the related Mortgage Loan to the Trust; provided such legal opinion is made and delivered within six (6) months of the Startup Day, and is in form and substance reasonably acceptable to the Certificate Insurer. Upon approval of such opinion by the Certificate Insurer, the Master Servicer will not be required to record the related assignments of Mortgages. All assignments of Mortgages shall be delivered to the Trustee in recordable form at the time of closing, and in such states where no opinion is so rendered, or is rendered and is deemed to be unacceptable to the Certificate Insurer, recording of such assignments of Mortgages will be required. Notwithstanding the preceding provisions allowing for nonrecordation of assignments of Mortgage in certain states, if an Event of Default has occurred as to a party other than the Certificate Insurer as provided in Article 5 of the Insurance Agreement, or an event set forth in Section 8.20 of this Agreement has occurred, the Master Servicer shall be required to record all assignments of Mortgage in those states where an opinion has not been previously delivered and approved.

47

Notwithstanding anything to the contrary contained in this Section 3.05, in those instances where the public recording office retains the original Mortgage, the assignment of a Mortgage or the intervening assignments of the Mortgage after it has been recorded, the Depositor shall be deemed to have satisfied its obligations hereunder upon delivery to the Trustee of a copy of such Mortgage, such assignment or assignments of Mortgage certified by the public recording office to be a true copy of the recorded original thereof.

The Depositor hereby appoints the Master Servicer its attorney-in-fact for the purpose of, and with full power in, preparing, executing and recording, on its behalf, all assignments of Mortgages in the event that the Depositor fails to do so on a timely basis.

Copies of all Mortgage assignments received by the Trustee shall be retained in the related File.

All recordings required pursuant to this Section 3.05 shall be prepared and recorded by the Master Servicer and shall be accomplished at the expense of the Master Servicer.

(c) In the case of Mortgage Loans which have been prepaid in full after the Cut-Off Date and prior to the Startup Day, the Depositor, in lieu of the foregoing, will deliver within six (6) days after the Startup Day to the Trustee a certification of an Authorized Officer of the Depositor in the form set forth in Exhibit D.

(d) The Seller shall transfer, assign, set over and otherwise convey, without recourse, to the Trustee all right, title and interest of the Seller in and to any Qualified Replacement Mortgage Loan delivered to the Trustee on behalf of the Trust by the Seller pursuant to Section 3.03, 3.04 or 3.06 hereof and all its right, title and interest to principal and interest on such Qualified Replacement Mortgage Loan after the applicable Replacement Cut-Off Date; provided, however, that the Seller shall reserve and retain all right, title and interest in and to (i) payments of principal and interest received on such Qualified Replacement Mortgage Loan on or prior to the applicable Replacement Cut-Off Date (other than, with respect to Actuarial Loans, Scheduled Payments collected on or prior to the applicable Replacement Cut-Off Date and due after the applicable Replacement Cut-Off Date) and (ii) with respect to Actuarial Loans, Scheduled Payments due on or prior to the applicable Replacement Cut-Off Date.

(e) As to each Mortgage Loan released from the Trust in connection with the conveyance of a Qualified Replacement Mortgage Loan therefor, the Trustee will transfer, assign, set over and otherwise convey without recourse or representation, on the Seller's order, all of its right, title and interest in and to such released Mortgage Loan and all the Trust's right, title and interest in and to principal and interest on such released Mortgage Loan after the applicable Replacement Cut-Off Date; provided, however, that the Trust shall reserve and retain all right, title and interest in and to payments of principal and interest on such released Mortgage Loan on or prior to the applicable Replacement Cut-Off Date.

(f) In connection with any transfer and assignment of a Qualified Replacement Mortgage Loan to the Trustee on behalf of the Trust, the Seller agrees to (i) deliver without recourse to the Trustee on the date of delivery of such Qualified Replacement Mortgage Loan the documents

48

set forth in Section 3.05(b)(i) and (ii) deliver the original Qualified Replacement Mortgage Loan, together with original or duly certified copies of any and all prior assignments, to the Trustee within 15 days of receipt thereof by the Seller (but in any event within 120 days after the date of conveyance of such Qualified Replacement Mortgage Loan).

(g) As to each Mortgage Loan released from the Trust in connection with the conveyance of a Qualified Replacement Mortgage Loan, the Trustee shall deliver on the date of conveyance of such Qualified Replacement Mortgage Loan and on the order of the Seller (i) the original Note relating thereto, endorsed in blank, (ii) the original Mortgage so released and all assignments relating thereto, including an assignment of such Mortgage to the Seller and (iii) such other documents as constituted the File with respect thereto.

(h) If a Mortgage assignment is lost or is returned from the recorder's office unrecorded due to a defect therein, the Seller shall prepare a substitute assignment or cure such defect, as the case may be, and thereafter cause such substitute or cured assignment to be duly recorded.

Section 3.06 Acceptance by Trustee; Certain Substitutions of Mortgage Loans; Certification by Trustee.

(a) The Trustee agrees to execute and deliver on the Startup Day an acknowledgment of receipt of the items delivered by the Seller or the Depositor in the form attached as Exhibit E hereto, and declares that it will hold such documents and any amendments, replacement or supplements thereto, as well as any other assets included in the definition of Trust Estate and delivered to the Trustee, as Trustee in trust upon and subject to the conditions set forth herein for the benefit of the Owners. The Trustee agrees, for the benefit of the Owners and the Certificate Insurer, to review such items within 45 days after the Startup Day (or, with respect to any document delivered after the Startup Day, within 45 days of receipt and with respect to any Qualified Replacement Mortgage Loan, within 45 days after the assignment thereof) and to deliver to the Depositor, the Seller, the Master Servicer and the Certificate Insurer a certification in the form attached hereto as Exhibit F (a "Pool Certification") to the effect that, as to each Mortgage Loan listed in the Schedules of Mortgage Loans (other than any Mortgage Loan paid in full or any Mortgage Loan specifically identified in such Pool Certification as not covered by such Pool Certification), (i) all documents required to be delivered to it pursuant to
Section 3.05(b)(i) of this Agreement are in its possession, (ii) such documents have been reviewed by it and have not been mutilated, damaged or torn and relate to such Mortgage Loan and (iii) based on its examination and only as to the foregoing documents, the information set forth in (i), (ii) and (viii) of the definition of the Schedules of Mortgage Loans, accurately reflects the information set forth in the File, subject, in each case, to such exceptions as provided in Section 3.06(b). The Trustee shall have no responsibility for reviewing any File except as expressly provided in this Section 3.06(a). Without limiting the effect of the preceding sentence, in reviewing any File, the Trustee shall have no responsibility for determining whether any document is valid and binding, whether the text of any assignment is in proper form, whether any document has been recorded in accordance with the requirements of any applicable jurisdiction or whether a blanket assignment is permitted in any applicable jurisdiction, but shall only be required to determine whether a document has been executed, that it appears to be what it purports to be and, where applicable, that it purports to be recorded. The Trustee shall be under no duty or obligation to inspect, review or examine any such documents, instruments,

49

certificates or other papers to determine that they are genuine, enforceable, or appropriate for the represented purpose or that they are other than what they purport to be on their face, nor shall the Trustee be under any duty to determine independently whether there are any intervening assignments or assumption or modification agreements with respect to any Mortgage Loan.

(b) If the Trustee during such 45-day period finds any document constituting a part of a File which is not executed, has not been received, or is unrelated to the Mortgage Loans identified in the Schedules of Mortgage Loans, or that any Mortgage Loan does not conform to the description thereof as set forth in the Schedules of Mortgage Loans, the Trustee shall promptly so notify the Depositor, the Seller, the Certificate Insurer and the Owners. In performing any such review, the Trustee may conclusively rely on the Seller as to the purported genuineness of any such document and any signature thereon. It is understood that the scope of the Trustee's review of the items delivered by the Seller pursuant to Section 3.05(b)(i) is limited solely to confirming that the documents listed in Section 3.05(b)(i) have been executed and received, relate to the Files identified in the Schedules of Mortgage Loans and conform to the description thereof in the Schedules of Mortgage Loans. The Seller agrees to use reasonable efforts to remedy a material defect in a document constituting part of a File of which it is so notified by the Trustee. If, however, within 30 days after the Trustee's notice to it respecting such defect the Seller has not remedied the defect and the defect materially and adversely affects the interest in the related Mortgage Loan of the Owners or of the Certificate Insurer, the Seller will (or will cause an affiliate of the Seller to) on the next succeeding Monthly Remittance Date (i) substitute in lieu of such Mortgage Loan a Qualified Replacement Mortgage Loan and deliver the Substitution Adjustment to the Master Servicer for deposit in the Collection Account or (ii) purchase such Mortgage Loan at a purchase price equal to the Loan Purchase Price thereof, which purchase price shall be delivered to the Master Servicer for deposit in the Collection Account.

(c) In addition to the foregoing, the Trustee also agrees to make a review during the 12th month after the Startup Day indicating the current status of the exceptions previously indicated on the Pool Certification (the "Final Certification"). After delivery of the Final Certification, the Trustee shall provide to the Certificate Insurer no less frequently than monthly updated certifications indicating the then current status of exceptions, until all such exceptions have been eliminated.

ARTICLE IV

ISSUANCE AND SALE OF CERTIFICATES

Section 4.01 Issuance of Certificates.

On the Startup Day, upon the Trustee's receipt from the Depositor of an executed Delivery Order in the form set forth as Exhibit G hereto, the Trustee shall authenticate and deliver the Certificates on behalf of the Trust.

50

Section 4.02 Sale of Certificates.

At 10:00 a.m. New York City time on the Startup Day (the "Closing"), at the offices of Morrison & Hecker L.L.P., 2600 Grand Avenue, Kansas City, Missouri (or at such other location acceptable to the Seller), the Seller will sell and convey the Mortgage Loans and the money, instruments and other property related thereto to the Depositor and the Depositor will sell and convey the Mortgage Loans and the money, instruments and other property related thereto to the Trustee, and in payment therefor, the Trustee will deliver (i) to the Depositor the Class A Certificates with an aggregate Percentage Interest in each Class equal to 100%, registered in the name of Cede & Co., or in such other names as the Underwriters shall direct and (ii) to the respective registered owners thereof, a Class R Certificate with a Percentage Interest equal to 99.999%, registered in the name of the Seller, and a Class R Certificate with a Percentage Interest equal to .001%, registered in the name of the Trustee. The Depositor will deliver to the Underwriters the Class A Certificates against payment of the purchase price thereof by wire transfer of immediately available funds to the Depositor.

ARTICLE V

CERTIFICATES AND TRANSFER OF INTERESTS

Section 5.01 Terms.

(a) The Certificates are pass-through securities having the rights described therein and herein. Notwithstanding references herein or therein with respect to the Certificates to "principal" and "interest", no debt of any Person is represented thereby, nor are the Certificates or the underlying Notes guaranteed by any Person (except that the Notes may be recourse to the Mortgagors thereof to the extent permitted by law and except for the rights of the Trustee on behalf of the Owners of the Class A Certificates with respect to the Certificate Insurance Policies). Subject to Section 8.09, the Certificates are payable solely from payments received on or with respect to the Mortgage Loans, moneys in the Collection Account, earnings on moneys and the proceeds of property held as a part of the Trust Estate and, with respect to the Class A Certificates upon the occurrence of certain events, from Insured Payments. Each Certificate entitles the Owner thereof to receive monthly on each Distribution Date, in order of priority of distributions with respect to such Class of Certificates as set forth in Section 7.03, a specified portion of such payments with respect to the Mortgage Loans (and, with respect to the Owners of the Class A Certificates, Insured Payments deposited in the Distribution Account), pro rata in accordance with such Owner's Percentage Interest.

(b) Each Owner is required, and hereby agrees, to return to the Trustee any Certificate with respect to which the Trustee has made the final distribution due thereon. Any such Certificate as to which the Trustee has made the final distribution thereon shall be deemed cancelled and shall no longer be Outstanding for any purpose of this Agreement and the related Certificate Insurance Policy, whether or not such Certificate is ever returned to the Trustee, except to the extent of a Reimbursement Amount on such Class of Certificates, in which case the Certificate Insurer will be subrogated to the rights of such Owner and the Class of Certificate will not be deemed cancelled.

51

Section 5.02 Forms.

The Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates and the Class R Certificates shall be in substantially the forms set forth in Exhibits A and C hereof, respectively, with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Agreement or as may in the Trustee's judgment be necessary, appropriate or convenient to comply, or facilitate compliance, with applicable laws, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any applicable securities laws or as may, consistently herewith, be determined by the Authorized Officer of the Trustee executing such Certificates, as evidenced by his execution thereof.

Section 5.03 Execution, Authentication and Delivery.

Each Certificate shall be executed on behalf of the Trust, by the manual or facsimile signature of one of the Trustee's Authorized Officers and shall be authenticated by the manual or facsimile signature of one of the Trustee's Authorized Officers.

Certificates bearing the manual signature of individuals who were at any time the proper officers of the Trustee shall, upon proper authentication by the Trustee, bind the Trust, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the execution and delivery of such Certificates or did not hold such offices at the date of authentication of such Certificates.

The initial Certificates shall be dated as of the Startup Day and delivered at the Closing to the parties specified in Section 4.02 hereof. Subsequently issued Certificates will be dated as of the issuance of the Certificate.

No Certificate shall be valid until executed and authenticated as set forth above.

Section 5.04 Registration and Transfer of Certificates.

(a) The Trustee shall cause to be kept a register (the "Register") in which, subject to such reasonable regulations as it may prescribe, the Trustee shall provide for the registration of Certificates and the registration of transfer of Certificates. The Trustee is hereby initially appointed Registrar for the purpose of registering Certificates and transfers of Certificates as herein provided. The Certificate Insurer, the Owners and the Trustee shall have the right to inspect the Register during the Trustee's normal hours and to obtain copies thereof, and the Trustee shall have the right to rely upon a certificate executed on behalf of the Registrar by an Authorized Officer thereof as to the names and addresses of the Owners of the Certificates and the principal amounts and numbers of such Certificates.

(b) Subject to the provisions of Section 5.08 hereof, upon surrender for registration of transfer of any Certificate at the office designated as the location of the Register, upon the direction of the Registrar the Trustee shall execute, authenticate and deliver, in the name of the designated

52

transferee or transferees, one or more new Certificates of a like Class and in the aggregate principal amount or Percentage Interest of the Certificate so surrendered.

(c) At the option of any Owner, Certificates of any Class owned by such Owner may be exchanged for other Certificates authorized of like Class and tenor and a like aggregate original principal amount or percentage interest and bearing numbers not contemporaneously outstanding, upon surrender of the Certificates to be exchanged at the office designated as the location of the Register. Whenever any Certificate is so surrendered for exchange, upon the direction of the Registrar, the Trustee shall execute, authenticate and deliver the Certificate or Certificates which the Owner making the exchange is entitled to receive.

(d) All Certificates issued upon any registration of transfer or exchange of Certificates shall be valid evidence of the same ownership interests in the Trust and entitled to the same benefits under this Agreement as the Certificates surrendered upon such registration of transfer or exchange.

(e) Every Certificate presented or surrendered for registration of transfer or exchange shall be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Registrar duly executed, by the Owner thereof or his attorney duly authorized in writing.

(f) No service charge shall be made to an Owner for any registration of transfer or exchange of Certificates, but the Registrar or Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Certificates; any other expenses in connection with such transfer or exchange shall be an expense of the Trust.

(g) It is intended that the Class A Certificates be registered so as to participate in a global book-entry system with the Depository, as set forth herein. Each Class of Class A Certificates shall, except as otherwise provided in Subsection (h), be initially issued in the form of a single fully registered Class A Certificate of such Class. Upon initial issuance, the ownership of each such Class A Certificate shall be registered in the Register in the name of Cede & Co., or any successor thereto, as nominee for the Depository.

On the Startup Day, the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates and Class A-6 Certificates shall be issued in denominations of no less than $25,000 and multiples of $1,000 in excess thereof (except that one certificate in each class may be issued in an amount less than $25,000 or in an integral multiple other than $1,000).

The Depositor and the Trustee are hereby authorized to execute and deliver the Representation Letter with the Depository.

With respect to the Class A Certificates registered in the Register in the name of Cede & Co., as nominee of the Depository, the Certificate Insurer, the Depositor, the Master Servicer, the Seller and the Trustee shall have no responsibility or obligation to Direct or Indirect Participants or beneficial owners for which the Depository holds Class A Certificates from time to time as a Depository. Without limiting the immediately preceding sentence, the Depositor, the Certificate

53

Insurer, the Master Servicer, the Seller and the Trustee shall have no responsibility or obligation with respect to (i) the accuracy of the records of the Depository, Cede & Co., or any Direct or Indirect Participant with respect to the ownership interest in the Class A Certificates, (ii) the delivery to any Direct or Indirect Participant or any other Person, other than a registered Owner of a Class A Certificate as shown in the Register, of any notice with respect to the Class A Certificates or (iii) the payment to any Direct or Indirect Participant or any other Person, other than a registered Owner of a Class A Certificate as shown in the Register, of any amount with respect to any distribution of principal or interest on the Class A Certificates. No Person other than a registered Owner of a Class A Certificate as shown in the Register shall receive a certificate evidencing such Class A Certificate.

Upon delivery by the Depository to the Trustee of written notice to the effect that the Depository has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions hereof with respect to the payment of principal and interest by the mailing of checks or drafts to the registered Owners of Class A Certificates appearing as registered Owners in the registration books maintained by the Trustee at the close of business on a Record Date, the name "Cede & Co." in this Agreement shall refer to such new nominee of the Depository.

(h) In the event that (i) the Depository or the Depositor advises the Trustee in writing that the Depository is no longer willing, qualified or able to discharge properly its responsibilities as nominee and depository with respect to the Class A Certificates and the Depositor or the Trustee is unable to locate a qualified successor, (ii) the Depositor at its sole option elects to terminate the book-entry system through the Depository or (iii) after the occurrence of an Event of Default, beneficial owners having not less than 51% of the Voting Rights evidenced by the Class A Certificates advise the Trustee and the Depository through the Direct Participants in writing that the continuation of a book-entry system through the Depository is no longer in the best interests of beneficial owners, the Class A Certificates shall no longer be restricted to being registered in the Register in the name of Cede & Co. (or a successor nominee) as nominee of the Depository. At that time, the Depositor may determine that the Class A Certificates shall be registered in the name of and deposited with a successor depository operating a global book-entry system, as may be acceptable to the Depositor and at the Depositor's expense, or such depository's agent or designee but, if the Depositor does not select such alternative global book-entry system, then the Class A Certificates may be registered in whatever name or names registered Owners of Class A Certificates transferring Class A Certificates shall designate, in accordance with the provisions hereof.

(i) Notwithstanding any other provision of this Agreement to the contrary, so long as any Class A Certificate is registered in the name of Cede & Co., as nominee of the Depository, all distributions of principal or interest on such Class A Certificates and all notices with respect to such Class A Certificates shall be made and given, respectively, in the manner provided in the Representation Letter.

Section 5.05 Mutilated, Destroyed, Lost or Stolen Certificates.

If (i) any mutilated Certificate is surrendered to the Trustee, or the Trustee receives evidence to its satisfaction of the destruction, loss or theft of any Certificate, and (ii) in the case of any mutilated Certificate, such mutilated Certificate shall first be surrendered to the Trustee, and in the

54

case of any destroyed, lost or stolen Certificate, there shall be first delivered to the Trustee such security or indemnity as may be reasonably required by it to hold the Trustee and the Certificate Insurer harmless, then, in the absence of notice to the Trustee or the Registrar that such Certificate has been acquired by a bona fide purchaser, the Trustee shall execute, authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Certificate, a new Certificate of like Class, tenor and aggregate principal amount, bearing a number not contemporaneously outstanding.

Upon the issuance of any new Certificate under this Section, the Registrar or Trustee may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto; any other expenses in connection with such issuance shall be an expense of the Trust.

Every new Certificate issued pursuant to this Section in exchange for or in lieu of any mutilated, destroyed, lost or stolen Certificate shall constitute evidence of a substitute interest in the Trust, and shall be entitled to all the benefits of this Agreement equally and proportionately with any and all other Certificates of the same Class duly issued hereunder and such mutilated, destroyed, lost or stolen Certificate shall not be valid for any purpose.

The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Certificates.

Section 5.06 Persons Deemed Owners.

The Certificate Insurer, the Trustee and any agent of the Trustee may treat the Person in whose name any Certificate is registered as the Owner of such Certificate for the purpose of receiving distributions with respect to such Certificate and for all other purposes whatsoever, and none of the Certificate Issuer, the Trustee or any agent of the Trustee shall be affected by notice to the contrary.

Section 5.07 Cancellation.

All Certificates surrendered for registration of transfer or exchange shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and shall be promptly cancelled by it. No Certificate shall be authenticated in lieu of or in exchange for any Certificate cancelled as provided in this Section, except as expressly permitted by this Agreement. All cancelled Certificates may be held by the Trustee in accordance with its standard retention policy.

Section 5.08 Limitation on Transfer of Ownership Rights.

(a) No sale or other transfer of record or beneficial ownership of a Class R Certificate (whether pursuant to a purchase, a transfer resulting from a default under a secured lending agreement or otherwise) shall be made to a Disqualified Organization or an agent of a Disqualified Organization. The transfer, sale or other disposition of a Class R Certificate (whether pursuant to a purchase, a transfer resulting from a default under a secured lending agreement or otherwise) to a

55

Disqualified Organization shall be deemed to be of no legal force or effect whatsoever and such transferee shall not be deemed to be an Owner for any purpose hereunder, including, but not limited to, the receipt of distributions on such Class R Certificate. Furthermore, in no event shall the Trustee accept surrender for transfer or registration of transfer, or register the transfer, of any Class R Certificate or authenticate and make available any new Class R Certificate unless the Trustee has received an affidavit from the proposed transferee in the form attached hereto as Exhibit H. Each holder of a Class R Certificate, by his acceptance thereof, shall be deemed for all purposes to have consented to the provisions of this Section 5.08(a).

(b) No other sale or other transfer of record or beneficial ownership of a Class R Certificate shall be made unless such transfer is exempt from the registration requirements of the Securities Act and any applicable state securities laws or is made in accordance with said Act and laws. In the event such a transfer is to be made within three years from the Startup Day, (i) the Trustee shall require a written opinion of counsel acceptable to and in form and substance satisfactory to the Depositor, the Registrar, the Trustee and the Certificate Insurer in the event that such transfer may be made pursuant to an exemption, describing the applicable exemption and the basis therefor, from said Act and laws or is being made pursuant to said Act and laws, which opinion of counsel shall not be an expense of the Trustee, the Trust Estate, the Registrar, the Master Servicer, the Seller, the Depositor or the Certificate Insurer, and
(ii) the Trustee shall require the transferee to execute an investment letter acceptable to and in form and substance satisfactory to the Depositor, the Registrar, the Trustee and the Certificate Insurer (which may be in substantially the same form as Exhibit N attached hereto) certifying to the Trustee, the Certificate Insurer, the Registrar and the Depositor the facts surrounding such transfer, which investment letter shall not be an expense of the Trustee, the Trust Estate, the Certificate Insurer, the Registrar, the Master Servicer, the Seller or the Depositor. The Owner of a Class R Certificate desiring to effect such transfer shall, and does hereby agree to, indemnify the Trustee, the Certificate Insurer, the Depositor, the Servicer, the Registrar and the Seller against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws.

(c) No transfer of a Class R Certificate shall be made unless the Registrar and Trustee shall have received either: (i) a representation letter from the transferee of such Class R Certificate, acceptable to and in form and substance satisfactory to the Registrar (which may be in substantially the same form as Exhibit O attached hereto), to the effect that such transferee is not an employee benefit plan subject to Section 406 of ERISA or a plan or other arrangement subject to Section 406 of ERISA or a plan or other arrangement subject to Section 4975 of the Code (collectively, a "Plan"), or is not acting on behalf of any Plan and is not using the assets of any Plan to effect such transfer or in the case of an insurance company purchasing such Certificates, with funds from its general account, the transfer is covered by the Prohibited Transaction Class Exemption 95-60 or (ii) in the event that any Class R Certificate is purchased by a Plan, or by a person or entity acting on behalf of any Plan or using the assets of any Plan to effect such transfer, an opinion of counsel, acceptable to and in form and substance satisfactory to the Depositor, the Trustee, the Certificate Insurer and the Registrar, which opinion of counsel shall not be at the expense of the Trustee or the Trust, to the effect that the purchase or holding of any Class R Certificates will not result in the assets of the Trust being deemed to be "plan assets," will not cause the Trust to be subject to the fiduciary requirements and prohibited transaction provisions of ERISA and the Code, and will not subject the Depositor, Seller, Registrar, Master Servicer, Certificate Insurer or the Trustee to any

56

obligation or liability in addition to those expressly undertaken under this Agreement. Notwithstanding anything else to the contrary herein, any purported transfer of a Certificate to or on behalf of any Plan without the delivery to the Trustee and the Certificate Insurer of an opinion of counsel as described above shall be null and void and of no effect.

(d) No sale or other transfer of any Class A Certificate may be made to an affiliate of the Seller unless the Trustee and the Certificate Insurer shall have been furnished with an opinion of counsel, at the expense of the Seller acceptable to the Certificate Insurer and the Trustee experienced in federal bankruptcy matters to the effect that such sale or transfer would not adversely affect the character of the conveyance of the Mortgage Loans to the Trust as a sale. To the extent any payment to an Owner of a Class A Certificate constitutes an Insured Payment, such payment will not be made to the Seller, the Depositor or the Master Servicer or any Sub-Servicer. The Class R Certificate issued to the Trustee on the Startup Day may not be transferred or sold to any Person, except to a Person who accepts the appointment of Tax Matters Person pursuant to
Section 11.18 hereof. The Master Servicer shall cause all Class R Certificates, other than the Tax Matters Certificate, to be owned by the Master Servicer, H&R Block, Inc. or any entity wholly owned by one of them (including the Seller), for a period of at least three years from the Closing Date. The Master Servicer agrees that neither H&R Block, Inc. nor the Master Servicer will sell, transfer, mortgage, pledge or in any manner hypothecate their economic interest in the Class R Certificates to any Person other than the Persons permitted in the preceding sentence during the foregoing period.

Section 5.09 Assignment of Rights.

An Owner may pledge, encumber, hypothecate or assign all or any part of its right to receive distributions hereunder, but such pledge, encumbrance, hypothecation or assignment shall not constitute a transfer of an ownership interest sufficient to render the transferee an Owner of the Trust without compliance with the provisions of Section 5.04 and Section 5.08 hereof.

ARTICLE VI

COVENANTS

Section 6.01 Distributions.

On each Distribution Date, the Trustee will withdraw amounts from the Distribution Account and make the distributions with respect to the Certificates in accordance with the terms of the Certificates and this Agreement. Such distributions shall be made (i) by check or draft mailed on each Distribution Date or (ii) if requested by any Owner of (A) a Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 or Class A-6 Certificate having an original principal balance of not less than $1,000,000 or (B) a Class R Certificate having a Percentage Interest of not less than 10% in writing not later than five Business Days prior to the applicable Record Date (which request does not have to be repeated unless it has been withdrawn), to such Owner by wire transfer to an account within the United States designated no later than five Business Days prior to the related Record Date, made on each Distribution Date, in each case to each Owner of record on the immediately preceding Record Date.

57

Section 6.02 Money for Distributions to Be Held in Trust; Withholding.

(a) All payments of amounts due and payable with respect to any Certificate that are to be made from amounts withdrawn from the Distribution Account or from Insured Payments shall be made by and on behalf of the Trustee, and no amounts so withdrawn from the Distribution Account for payments of Certificates and no Insured Payment shall be paid over to the Trustee except as provided in this Section.

(b) Whenever the Trustee has appointed one or more Paying Agents pursuant to Section 11.15 hereof, the Trustee will, on the Business Day immediately preceding each Distribution Date, cause to be deposited with such Paying Agents in immediately available funds an aggregate sum sufficient to pay the amounts then becoming due (to the extent funds are then available for such purpose in the Distribution Account for the Class to which such amounts are due) such sum to be held in trust for the benefit of the Owners entitled thereto.

(c) The Trustee may at any time direct any Paying Agent to pay to the Trustee all sums held in trust by such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which the sums were held by such Paying Agent; and upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money.

(d) Each Paying Agent, including the Trustee on behalf of the Trust, shall comply with all requirements of the Code and applicable state and local law with respect to the withholding from any distributions made by it to any Owner of any applicable withholding taxes imposed thereon and with respect to any applicable reporting requirements in connection therewith.

(e) Any money held by the Trustee or any Paying Agent in trust for the payment of any amount due with respect to any Class A Certificate and remaining unclaimed by the Owner of such Class A Certificate for the period then specified in the escheat laws of the State of New York after such amount has become due and payable shall be discharged from such trust and be paid to the Owners of the Class R Certificates; and the Owner of such Class A Certificate shall thereafter, as an unsecured general creditor, look only to the Owners of the Class R Certificates for payment thereof (but only to the extent of the amounts so paid to the Owners of the Class R Certificates) and all liability of the Trustee or such Paying Agent with respect to such trust money shall thereupon cease; provided, however, that the Trustee or such Paying Agent before being required to make any such payment, may, at the expense of the Trust, cause to be published once, in the eastern edition of The Wall Street Journal, notice that such money remains unclaimed and that, after a date specified therein, which shall be not fewer than 30 days from the date of such publication, any unclaimed balance of such money then remaining will be paid to the Owners of the Class R Certificates. The Trustee shall, at the direction of the Owners of a majority of the Percentage Interest in the Class R Certificates also adopt and employ, at the expense of the Trust, any other reasonable means of notification of such payment (including but not limited to mailing notice of such payment to Owners whose right to or interest in moneys due and payable but not claimed is determinable from the records of the Registrar, the Trustee or any Paying Agent, at the last address of record for each such Owner).

58

Section 6.03 Protection of Trust Estate.

(a) The Trustee will hold the Trust Estate in trust for the benefit of the Owners and the Certificate Insurer and, upon request of the Certificate Insurer or, with the consent of the Certificate Insurer, at the request of the Depositor, will from time to time execute and deliver all such supplements and amendments hereto pursuant to Section 11.14 hereof and all instruments of further assurance and other instruments, and will take such other action upon such request from the Depositor or the Certificate Insurer, to:

(i) more effectively hold in trust all or any portion of the Trust Estate;

(ii) perfect, publish notice of, or protect the validity of any grant made or to be made by this Agreement;

(iii) enforce any of the Mortgage Loans; or

(iv) preserve and defend title to the Trust Estate and the rights of the Trustee, and the ownership interests of the Owners and the Certificate Insurer represented thereby, in such Trust Estate against the claims of all Persons and parties.

The Trustee shall send copies of any request received from the Certificate Insurer or the Depositor to take any action pursuant to this Section 6.03 to the other parties hereto.

(b) The Trustee shall have the power to enforce, and shall enforce, the obligations and rights of the other parties to this Agreement, and of the Certificate Insurer or the Owners, by action, suit or proceeding at law or in equity, and shall also have the power to enjoin, by action or suit in equity, any acts or occurrences which may be unlawful or in violation of the rights of the Certificate Insurer as such rights are set forth in this Agreement; provided, however, that nothing in this Section shall require any action by the Trustee unless the Trustee shall first (i) have been furnished indemnity satisfactory to it and (ii) when required by this Agreement, have been requested by the Certificate Insurer or the Owners of a majority of the Percentage Interests represented by the Class A Certificates then Outstanding with the consent of the Certificate Insurer or, if there are no longer any Class A Certificates then Outstanding, by such majority of the Percentage Interests represented by the Class R Certificates; provided, further, however, that if there is a dispute with respect to payments under the Certificate Insurance Policies, the Trustee's sole responsibility is to the Owners.

(c) The Trustee shall execute any instrument required pursuant to this
Section so long as such instrument does not conflict with this Agreement or with the Trustee's fiduciary duties hereunder, or adversely affect its rights and immunities hereunder.

Section 6.04 Performance of Obligations.

The Trustee will not take any action that would release any Person from any of such Person's covenants or obligations under any instrument or document relating to the Certificates or which would result in the amendment, hypothecation, subordination, termination or discharge of, or

59

impair the validity or effectiveness of, any such instrument or document, except as expressly provided in this Agreement or such other instrument or document.

The Trustee may contract with other Persons to assist it in performing its duties hereunder pursuant to Section 10.03(g).

Section 6.05 Negative Covenants.

The Trustee will not permit the Trust to:

(i) sell, transfer, exchange or otherwise dispose of any of the Trust Estate except as expressly permitted by this Agreement;

(ii) claim any credit on, or make any deduction from the distributions payable in respect of, the Certificates (other than amounts properly withheld from such payments under the Code) or assert any claim against any present or former Owner by reason of the payment of any taxes levied or assessed upon any of the Trust Estate;

(iii) incur, assume or guaranty any indebtedness of any Person except pursuant to this Agreement;

(iv) dissolve or liquidate in whole or in part, except pursuant to Article IX hereof; or

(v) (A) permit the validity or effectiveness of this Agreement to be impaired, or permit any Person to be released from any covenants or obligations with respect to the Trust or to the Certificates under this Agreement, except as may be expressly permitted hereby or (B) permit any lien, charge, adverse claim, security interest, mortgage or other encumbrance to be created on or extend to or otherwise arise upon or burden the Trust Estate or any part thereof or any interest therein or the proceeds thereof.

Section 6.06 No Other Powers.

The Trustee will not permit the Trust to engage in any business activity or transaction other than those activities permitted by Section 2.03 hereof.

Section 6.07 Limitation of Suits.

No Owner shall have any right to institute any proceeding, judicial or otherwise, with respect to this Agreement or the Certificate Insurance Policies, or for the appointment of a receiver or trustee of the Trust, or for any other remedy with respect to an event of default hereunder, unless:

(1) such Owner has previously given written notice to the Depositor, the Certificate Insurer and the Trustee of such Owner's intention to institute such proceeding;

60

(2) the Owners of not less than 25% of the Percentage Interests represented by the Class A Certificates then Outstanding or, if there are no Class A Certificates then Outstanding, by such percentage of the Percentage Interests represented by the Class R Certificates, shall have made written request to the Trustee to institute such Proceeding in its own name as Trustee establishing the Trust;

(3) such Owner or Owners have offered to the Trustee reasonable indemnity against the costs, expenses and liabilities to be incurred in compliance with such request;

(4) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute such proceeding;

(5) as long as any Class A Certificates are Outstanding, the Certificate Insurer consented in writing thereto (unless the Certificate Insurer is the party against whom the proceeding is directed); and

(6) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Owners of a majority of the Percentage Interests represented by the Class A Certificates or, if there are no Class A Certificates then Outstanding, by such majority of the Percentage Interests represented by the Class R Certificates;

it being understood and intended that no one or more Owners shall have any right in any manner whatever by virtue of, or by availing themselves of, any provision of this Agreement to affect, disturb or prejudice the rights of any other Owner of the same Class or to obtain or to seek to obtain priority or preference over any other Owner of the same Class or to enforce any right under this Agreement, except in the manner herein provided and for the equal and ratable benefit of all the Owners of the same Class.

In the event the Trustee shall receive conflicting or inconsistent requests and indemnity from two or more groups of Owners, each representing less than a majority of the applicable Class of Certificates and each conforming to clauses (1)-(6) of this Section 6.07, the Certificate Insurer in its sole discretion may determine what action, if any, shall be taken, notwithstanding any other provision of this Agreement (unless the Certificate Insurer is the party against whom the proceeding is directed).

Section 6.08 Unconditional Rights of Owners to Receive Distributions.

Notwithstanding any other provision in this Agreement, the Owner of any Certificate shall have the right, which is absolute and unconditional, to receive distributions to the extent provided herein and therein with respect to such Certificate or, subject to Section 6.07, to institute suit for the enforcement of any such distribution, and such right shall not be impaired without the consent of such Owner.

61

Section 6.09 Rights and Remedies Cumulative.

Except as otherwise provided herein, no right or remedy herein conferred upon or reserved to the Trustee, the Certificate Insurer or the Owners is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. Except as otherwise provided herein, the assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy.

Section 6.10 Delay or Omission Not Waiver.

No delay of the Trustee, the Certificate Insurer or any Owner of any Certificate to exercise any right or remedy under this Agreement with respect to any event described in Section 8.20(a) or (b) shall impair any such right or remedy or constitute a waiver of any such event or an acquiescence therein. Every right and remedy given by this Article VI or by law to the Trustee, the Certificate Insurer or the Owners may be exercised from time to time, and as often as may be deemed expedient, by the Trustee, the Certificate Insurer or the Owners, as the case may be.

Section 6.11 Control by Owners.

The Certificate Insurer or the Owners of a majority of the Percentage Interests represented by the Class A Certificates then Outstanding with the consent of the Certificate Insurer or, if there are no longer any Class A Certificates then Outstanding, by such majority of the Percentage Interests represented by the Class R Certificates then Outstanding may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee with respect to the Certificates or exercising any trust or power conferred on the Trustee with respect to the Certificates or the Trust Estate, including, but not limited to, those powers set forth in Section 6.03 and
Section 8.20 hereof, provided that:

(i) such direction shall not be in conflict with any rule of law or with this Agreement;

(ii) the Trustee shall have been provided with indemnity satisfactory to it; and

(iii)the Trustee may take any other action deemed proper by the Trustee, as the case may be, which is not inconsistent with such direction; provided, however, that the Trustee need not take any action which it determines might involve it in liability or may be unjustly prejudicial to the Owners not so directing.

Section 6.12 Indemnification.

The Depositor agrees to indemnify and hold the Trustee, the Certificate Insurer and each Owner harmless against any and all claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments, and any other costs, fees and expenses that the Trustee, the Certificate Insurer and any Owner may sustain in any way related to the negligent or willful failure of the Depositor to perform its duties in compliance with the terms of this Agreement. The Depositor shall

62

immediately notify the Trustee, the Certificate Insurer and each Owner if such a claim is made by a third party with respect to this Agreement, and the Depositor shall assume (with the consent of the Trustee) the defense of any such claim and pay all expenses in connection therewith, including reasonable counsel fees, and promptly pay, discharge and satisfy any judgment or decree which may be entered against the Master Servicer, the Seller, the Trustee, the Certificate Insurer and/or any Owner in respect of such claim. The Trustee shall reimburse the Depositor from amounts distributable pursuant to Section 7.03(c)(iii)(G) for all amounts advanced by it pursuant to the preceding sentence, except when the claim relates directly to the failure of the Depositor to perform its duties in compliance with the terms of this Agreement based upon an opinion of counsel (at the expense of the Depositor) delivered to the Trustee and the Certificate Insurer. In addition to the foregoing, the Seller agrees to indemnify and hold the Trustee, the Certificate Insurer and each Owner harmless against any and all claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments, and other costs, fees and expenses that the Trustee, the Certificate Insurer and any Owner may sustain in any way related to the breach by the Seller of its representations and warranties set forth in Section 3.04(a) hereof with respect to a Mortgage Loan if such Mortgage Loan is subject to the requirements of 12 C.F.R. ss. 226.32, as amended. The provisions of this Section 6.12 shall survive the termination of this Agreement and the resignation or removal of the Trustee hereunder and the payment of the outstanding Certificates.

Section 6.13 Access to Owners' Names and Addresses. (a) Upon written request of the Master Servicer, the Trustee will provide to the Master Servicer, within 15 days after receipt of such request, a list of the names and addresses of all Owners of record as of the most recent Record Date. Upon written request by three or more Owners of the Class A Certificates who in aggregate hold Certificates that evidence not less than 25% of the aggregate Class A Certificate Principal Balance and such request is accompanied by a copy of the communication that such Owners propose to transmit, the Trustee or the Certificate Registrar will provide such Owners with a list of the names and addresses of all Owners of record as of the most recent Record Date.

(b) Every Owner, by receiving and holding such list, agrees with the Trustee that the Trustee shall not be held accountable in any way by reason of the disclosure of any information as to the names and addresses of the Owners hereunder, regardless of the source from which such information was derived.

ARTICLE VII

ACCOUNTS, DISBURSEMENTS AND RELEASES

Section 7.01 Collection of Money.

Except as otherwise expressly provided herein, the Trustee shall demand payment or delivery of all money and other property payable to or receivable by the Trustee pursuant to this Agreement or the Certificate Insurance Policies, including (a) all payments due on the Mortgage Loans in accordance with the respective terms and conditions of such Mortgage Loans and required to be paid over to the Trustee by the Master Servicer or by any Sub-Servicer and (b) Insured Payments. The Trustee shall hold all such money and property received by it, other than pursuant to

63

or as contemplated by Section 6.02(e) hereof, as part of the Trust Estate and shall apply it as provided in this Agreement.

Section 7.02 Establishment of Accounts.

(a) The Depositor shall cause to be established on the Startup Day, and the Trustee shall maintain the Distribution Account, which is to be held as an Eligible Account by the Trustee on behalf of the Owners, the Trustee and the Certificate Insurer, as their interests may appear.

(b) [Reserved.]

(c) On the Monthly Remittance Date the Trustee shall determine (subject to the terms of Section 10.03(j) hereof, based solely on information provided to it by the Master Servicer), with respect to the related Distribution Date, the amount that is to be on deposit in the Distribution Account as of such Distribution Date for the Fixed Rate Group (disregarding the amount of any Insured Payments as well as any amounts that cannot be distributed to the Owners of the Class A Certificates, if any, by the Trustee as a result of a proceeding under the United States Bankruptcy Code), which amount will be equal to the sum of (x) the amount on deposit therein with respect to the Fixed Rate Group excluding the amount of any Total Monthly Excess Cashflow from the Fixed Rate Group included in such amount plus (y) any amount of Total Monthly Excess Cashflow from either Loan Group to be applied on such Distribution Date to the Group 1 Certificates. The amount described in clause (x) of the preceding sentence with respect to each Distribution Date is the "Group 1 Available Funds"; the sum of the amounts described in clauses (x) and (y) of the preceding sentence with respect to each Distribution Date is the "Group 1 Total Available Funds."

(d) On the Monthly Remittance Date the Trustee shall determine (subject to the terms of Section 10.03(j) hereof, based solely on information provided to it by the Master Servicer), with respect to the related Distribution Date, the amount that is to be on deposit in the Distribution Account as of such Distribution Date for the Adjustable Rate Group (disregarding the amount of any Insured Payments as well as any amounts that cannot be distributed to the Owners of the Class A Certificates, if any, by the Trustee as a result of a proceeding under the United States Bankruptcy Code), which amount will be equal to the sum of (x) the amount on deposit therein with respect to the Adjustable Rate Group excluding the amount of any Total Monthly Excess Cashflow from the Adjustable Rate Group included in such amount plus (y) any amount of Total Monthly Excess Cashflow from either Loan Group to be applied on such Distribution Date to the Group 2 Certificates. The amount described in clause (x) of the preceding sentence with respect to each Distribution Date is the "Group 2 Available Funds"; the sum of the amounts described in clauses (x) and (y) of the preceding sentence with respect to each Distribution Date is the "Group 2 Total Available Funds." Collectively, the Group 1 Total Available Funds and the Group 2 Total Available Funds are the "Total Available Funds."

Section 7.03 Flow of Funds.

(a) With respect to the Fixed Rate Group, the Trustee shall deposit into the Distribution Account, without duplication, upon receipt, any Insured Payments relating to such Group, the proceeds of any liquidation of the assets of the Trust insofar as such assets relate to the Fixed Rate

64

Group, all remittances made to the Trustee pursuant to Section 8.08(d)(ii) insofar as such assets relate to the Fixed Rate Group, and the Group 1 Monthly Remittance Amount, to the extent remitted by the Master Servicer.

(b) With respect to the Adjustable Rate Group, the Trustee shall deposit to the Distribution Account, without duplication, upon receipt, any Insured Payments relating to such Group, the proceeds of any liquidation of the assets of the Trust insofar as such assets relate to the Adjustable Rate Group, all remittances made to the Trustee pursuant to Section 8.08(d)(ii) insofar as such assets relate to the Adjustable Rate Group and the Group 2 Monthly Remittance Amount, to the extent remitted by the Master Servicer.

(c) With respect to the Distribution Account, on each Distribution Date, the Trustee shall make the following allocations, disbursements and transfers for each Mortgage Loan Group from amounts deposited therein pursuant to subsections (a) and (b), respectively, in the following order of priority, and each such allocation, transfer and disbursement shall be treated as having occurred only after all preceding allocations, transfers and disbursements have occurred:

(i) first, on each Distribution Date, the Trustee shall allocate an amount equal to the sum of (x) the Total Monthly Excess Spread with respect to such Mortgage Loan Group and Distribution Date plus (y) any Subordination Reduction Amount with respect to such Mortgage Loan Group and Distribution Date (such sum being the "Total Monthly Excess Cashflow" with respect to such Mortgage Loan Group and Distribution Date) with respect to such Mortgage Loan Group in the following order of priority:

(A) first, such Total Monthly Excess Cashflow with respect to each Mortgage Loan Group shall be allocated to the payment of the related Class A Distribution Amount pursuant to clauses (iii)(C) or (iii)(D), as applicable, below on such Distribution Date with respect to the related Mortgage Loan Group in an amount equal to the amount, if any, by which (x) the related Class A Distribution Amount (calculated for this purpose only by reference to clause
(b) of the definition of the Group 1 Principal Distribution Amount or Group 2 Principal Distribution Amount, as the case may be, and without any Subordination Increase Amount with respect to the related Mortgage Loan Group) for such Distribution Date exceeds (y) the Available Funds with respect to such Mortgage Loan Group for such Distribution Date (the amount of such difference being the "Group 1 Available Funds Shortfall" with respect to the Fixed Rate Group, and the "Group 2 Available Funds Shortfall" with respect to the Adjustable Rate Group);

(B) second, any portion of the Total Monthly Excess Cashflow with respect to such Mortgage Loan Group remaining after the allocation described in clause (A) above shall be allocated against any Available Funds Shortfall with respect to the other Mortgage Loan Group;

(C) third, any portion of the Total Monthly Excess Cashflow with respect to such Mortgage Loan Group remaining after the allocations described in clauses

65

(A) and (B) above shall be disbursed to the Certificate Insurer in respect of amounts owed on account of any Reimbursement Amount with respect to the related Mortgage Loan Group; and

(D) fourth, any portion of the Total Monthly Excess Cashflow with respect to such Mortgage Loan Group remaining after the allocations described in clauses (A), (B) and (C) above shall be disbursed to the Certificate Insurer in respect of any Reimbursement Amount with respect to the other Mortgage Loan Group;

(ii) second, on each Distribution Date, the Trustee shall apply the amount, if any, of the Total Monthly Excess Cashflow with respect to a Mortgage Loan Group on a Distribution Date remaining after the allocations described in clause (i) above (the "Net Monthly Excess Cashflow") for such Mortgage Loan Group and Distribution Date in the following order of priority:

(A) first, such Net Monthly Excess Cashflow shall be used to reduce to zero, through the allocation of a Subordination Increase Amount to the payment of the related Class A Distribution Amount pursuant to clause (iii)(D) below, any Subordination Deficiency Amount with respect to the related Mortgage Loan Group as of such Distribution Date;

(B) second, any Net Monthly Excess Cashflow remaining after the application described in clause (A) above shall be used to reduce to zero, through the allocation of a Subordination Increase Amount to the payment of the related Class A Distribution Amount pursuant to clause (iii)(D) below, the Subordination Deficiency Amount, if any, with respect to the other Mortgage Loan Group; and

(C) third, any Net Monthly Excess Cashflow remaining after the applications described in clauses (A) and (B) above shall be paid to the Master Servicer to the extent of any unreimbursed Delinquency Advances and unreimbursed Servicing Advances;

(iii)third, following the making by the Trustee of all allocations, transfers and disbursements described above under this subsection
(c), from amounts (including any related Insured Payment, the proceeds of which will be applied solely to the payment of the amount specified in clauses (C) and (D) below) then on deposit in the Distribution Account with respect to the related Mortgage Loan Group, the Trustee shall distribute:

(A) to the Certificate Insurer, on each Distribution Date for the related Mortgage Loan Group, beginning with the Distribution Date which occurs in January 2000, the prorated Insurance Premium Amount determined by the relative Certificate Principal Balance of the related Classes of Class A Certificates for such Distribution Date;

66

(B) to the Trustee, the Trustee Fees with respect to such Mortgage Loan Group then due;

(C) to the Owners of the Class A Certificates of the related Mortgage Loan Group, the Group 1 Current Interest or Group 2 Current Interest, as applicable, on a pro rata basis without any priority among such Class A Certificates, until the applicable Class A Certificate Termination Date;

(D) to the Owners of the related Class of Class A Certificates, (I)

the Group 1 Principal Distribution Amount shall be distributed as follows: (a) first, to Owners of Class A-4 Certificates, in an amount equal to the Class A-4 Lockout Distribution Amount, (b) second, to the Owners of the Class A-1 Certificates until the Class A-1 Certificate Termination Date, (c) third, to the Owners of the Class A-2 Certificates until the Class A-2 Certificate Termination Date, (d) fourth, to the Owners of the Class A-3 Certificates until the Class A-3 Certificate Termination Date and
(e) fifth, to the Owners of the Class A-4 Certificates until the Class A-4 Certificate Termination Date and (II) the Group 2 Principal Distribution Amount shall be distributed as follows:
(a) first, to the Owners of the Class A-5 Certificates until the Class A-5 Certificate Termination Date and (b) second, to the Owners of the Class A-6 Certificates until the Class A-6 Certificate Termination Date;

(E) to the Owners of the Class A-6 Certificates, the Basis Risk Carryover Amount outstanding on such Distribution Date;

(F) to the Owners of the related Class of Class A Certificates, any Net Prepayment Interest Shortfalls or the interest portion of reductions due to the Relief Act incurred by such Class of Certificates which remain outstanding on such Distribution Date, on a pro rata basis among such Classes of Certificates;

(G) to the Depositor and the Master Servicer to the extent of costs, expenses and liabilities incurred pursuant to Sections 6.12 and 8.05, respectively;

(H) to the Owners of the Class R Certificates, any amounts remaining in the Distribution Account.

(d) Notwithstanding Section 7.03(c) above, on any Distribution Date during the continuance of any Certificate Insurer Default:

(i) Any amounts otherwise payable to the Certificate Insurer as Insurance Premium Amounts or Reimbursement Amounts shall be retained in the Distribution Account as Total Available Funds;

67

(ii) If there is a Subordination Deficit for the Fixed Rate Group, then the Group 1 Principal Distribution Amount for such Distribution Date shall be distributed pro rata to the Owners of any Outstanding Group 1 Certificates on such Distribution Date; and

(iii)If there is a Subordination Deficit for the Adjustable Rate Group, then the Group 2 Principal Distribution Amount for such Distribution Date shall be distributed pro rata to the Owners of any Outstanding Group 2 Certificates on such Distribution Date.

(e) Notwithstanding clause (c)(iii) above, the aggregate amounts distributed on all Distribution Dates to the Owners of the Class A Certificates on account of principal pursuant to clause (c)(iii)(D) shall not exceed the original Certificate Principal Balance of the related Certificates.

(f) Upon receipt of Insured Payments from the Certificate Insurer on behalf of the Owners of the Class A Certificates, the Trustee shall deposit such Insured Payments in the Distribution Account and shall distribute such Insured Payments, or the proceeds thereof, (i) in the case of the Group 1 Certificates, through the Distribution Account to the Owners of such Certificates and (ii) in the case of the Group 2 Certificates, through the Distribution Account to the Owners of such Certificates.

(g) Anything herein to the contrary notwithstanding, any payment with respect to principal of or interest on any of the Class A Certificates which is made with moneys received pursuant to the terms of a Certificate Insurance Policy shall not be considered payment of such Certificates from the Trust and shall not result in the payment of or the provision for the payment of the principal of or interest on such Certificates within the meaning of Section
7.03. The Depositor, the Master Servicer and the Trustee acknowledge, and each Owner by its acceptance of a Certificate agrees, that without the need for any further action on the part of the Certificate Insurer, the Depositor, the Master Servicer, the Trustee or the Registrar (a) to the extent the Certificate Insurer makes payments, directly or indirectly, on account of principal of or interest on any Class A Certificates to the Owners of such Certificates, the Certificate Insurer will be fully subrogated to the rights of such Owners and (b) the Certificate Insurer shall be paid such principal and interest only from the sources and in the manner provided herein for the payment of such principal and interest. In the event that the Owners of the Class A Certificates shall have received the full amount of the Class A Distribution Amount for such Distribution Date, the Certificate Insurer shall be entitled to receive the related Reimbursement Amount pursuant to Section 7.03(c)(i) hereof. The Trustee or Paying Agent shall (i) receive as attorney-in-fact of each Owner of Class A Certificates any Insured Payment from the Certificate Insurer and (ii) disburse the same to the Owners of the related Class A Certificates as set forth in
Section 7.03(c)(iii).

It is understood and agreed that the intention of the parties is that the Certificate Insurer shall not be entitled to receive all or any portion of Reimbursement Amounts unless on such Distribution Date the Owners of the Class A Certificates shall also have received the full amount of the Class A Distribution Amount for such Distribution Date.

68

The rights of the Owners to receive distributions from the proceeds of the Trust Estate, and all ownership interests of the Owners in such distributions, shall be as set forth in this Agreement. In this regard, all rights of the Owners of the Class R Certificates to receive distributions in respect of the Class R Certificates, and all ownership interests of the Owners of the Class R Certificates in and to such distributions, shall be subject and subordinate to the preferential rights of the holders of the Class A Certificates to receive distributions thereon and the ownership interests of such Owners in such distributions, as described herein. In accordance with the foregoing, the ownership interests of the Owners of the Class R Certificates in amounts deposited in the Accounts from time to time shall not vest unless and until such amounts are distributed in respect of the Class R Certificates in accordance with the terms of this Agreement. Notwithstanding anything contained in this Agreement to the contrary, the Owners of the Class R Certificates shall not be required to refund any amount properly distributed on the Class R Certificates pursuant to this Section 7.03.

Section 7.04 [Reserved]

Section 7.05 Investment of Accounts.

(a) Consistent with any requirements of the Code, all or a portion of the Distribution Account held by the Trustee for the benefit of the Owners shall be invested and reinvested by the Trustee in the name of the Trustee for the benefit of the Owners and the Certificate Insurer, as directed in writing by the Master Servicer, in one or more Permitted Investments bearing interest or sold at a discount. If the Master Servicer shall have failed to give investment directions to the Trustee then the Trustee shall invest in money market or common trust funds described in Section 7.07(h) to be redeemable without penalty no later than the Business Day immediately preceding the next Distribution Date. The bank serving as Trustee or any affiliate thereof may be the obligor on or investment manager of any investment which otherwise qualifies as an Permitted Investment. No investment in any Account shall mature later than the Business Day immediately preceding the next Distribution Date.

(b) If any amounts are needed for disbursement from any Account held by the Trustee and sufficient uninvested funds are not available to make such disbursement, the Trustee shall cause to be sold or otherwise converted to cash a sufficient amount of the investments in such Account. No investments will be liquidated prior to maturity unless the proceeds thereof are needed for disbursement.

(c) Subject to Section 10.01 hereof, the Trustee shall not in any way be held liable by reason of any insufficiency in any Account held by the Trustee resulting from any loss on any Permitted Investment included therein (except to the extent that the bank serving as Trustee is the obligor thereon).

(d) All income or other gain from investments in any Account held by the Trustee shall be deposited in such Account immediately on receipt, and any loss resulting from such investments shall be charged to such Account, as appropriate, subject to the provisions of Section 7.05(e) and Section 8.08(b) requiring that the Master Servicer contribute funds in an amount equal to such loss into the Distribution Account or the Collection Account, as applicable, and permitting the Master

69

Servicer to retain or receive all income or gain with respect to investments of funds on the Distribution Account or the Collection Account, as applicable.

(e) Any investment earnings on funds held in the Distribution Account shall be for the account of the Master Servicer and may only be disbursed by the Trustee from the Distribution Account to the Master Servicer following maturity of the related investments. Prior to each Distribution Date, the Master Servicer shall deposit into the Distribution Account the net amount of any investment losses on such funds during the period from and after the related Monthly Remittance Date to but not including such Distribution Date. Any references herein to amounts on deposit in the Distribution Account shall refer to amounts net of such investment earnings.

Section 7.06 Payment of Trust Expenses.

(a) The Trustee shall make demand on the Master Servicer to pay the amount of the reasonable expenses of the Trust (other than payments of premiums to the Certificate Insurer) (including Trustee's fees and expenses not covered by
Section 7.03(c)(iii)(B)) and the Master Servicer shall promptly pay such reasonable expenses directly to the Persons to whom such amounts are due.

(b) The Master Servicer shall pay directly the reasonable fees and expenses of counsel to the Trustee.

Section 7.07 Permitted Investments.

The following are Permitted Investments:

(a) direct general obligations of, or obligations fully and unconditionally guaranteed as to the timely payment of principal and interest by, the United States or any agency or instrumentality thereof, provided such obligations are backed by the full faith and credit of the United States, Federal Housing Administration debentures, FHLMC senior debt obligations and FNMA senior debt obligations, but excluding any of such securities whose terms do not provide for payment of a fixed dollar amount upon maturity or call for redemption;

(b) Consolidated senior debt obligations of any Federal Home Loan Banks;

(c) Federal funds, certificates of deposit, time deposits, and bankers' acceptances (having original maturities of not more than 365 days) of any domestic bank, the short-term debt obligations of which have been rated A-1 or better by Standard & Poor's and P-1 or better by Moody's;

(d) Deposits of any bank or savings and loan association (the long-term deposit rating of which is Baa3 or better by Moody's and BBB or better by Standard & Poor's) which has combined capital, surplus and undivided profits of at least $50,000,000 and which deposits are insured by the FDIC and held up to the limits insured by the FDIC;

(e) Investment agreements approved by the Certificate Insurer provided:

70

1. The agreement is with a bank or insurance company which has an unsecured, uninsured and unguaranteed senior debt obligation rated Aa2 or better by Moody's and AA or better by Standard & Poor's, or is the lead bank of a parent bank holding company with an uninsured, unsecured and unguaranteed senior debt obligation meeting such rating requirements, and

2. Moneys invested thereunder may be withdrawn without any penalty, premium or charge upon not more than one day's notice (provided such notice may be amended or canceled at any time prior to the withdrawal date), and

3. The agreement is not subordinated to any other obligations of such insurance company or bank, and

4. The same guaranteed interest rate will be paid on any future deposits made pursuant to such agreement, and

5. The Trustee receives an opinion of counsel that such agreement is an enforceable obligation of such insurance company or bank;

(f) Repurchase agreements collateralized by securities described in (a) above with any registered broker/dealer subject to the Securities Investors Protection Corporation's jurisdiction and subject to applicable limits therein promulgated by Securities Investors Protection Corporation or any commercial bank, if such broker/dealer or bank has an uninsured, unsecured and unguaranteed short-term or long-term obligation rated P-1 or Aa2, respectively, or better by Moody's and A-1+ or AA, respectively, or better by Standard & Poor's, provided:

1. A master repurchase agreement or specific written repurchase agreement governs the transaction, and

2. The securities are held free and clear of any lien by the Trustee or an independent third party acting solely as agent for the Trustee, and such third party is (a) a Federal Reserve Bank, (b) a bank which is a member of the FDIC and which has combined capital, surplus and undivided profits of not less than $125 million, or (c) a bank approved in writing for such purpose by the Certificate Insurer, and the Trustee shall have received written confirmation from such third party that it holds such securities, free and clear of any lien, as agent for the Trustee, and

3. A perfected first security interest under the Uniform Commercial Code, or book entry procedures prescribed at 31 C.F.R. 306.1 et seq. or 31 C.F.R. 350.0 et seq., in such securities is created for the benefit of the Trustee, and

4. The repurchase agreement has a term of thirty days or less and such broker/dealer or bank will value the collateral securities, and notify the Trustee of such valuation, no less frequently than weekly and will liquidate the collateral securities if any deficiency in the required collateral percentage is not restored within two business days of such valuation, and

71

5. The fair market value of the collateral securities (as determined by such broker/dealer or bank, with notice thereof to the Trustee) in relation to the amount of the repurchase obligation, including principal and interest, is equal to at least 106%;

(g) Commercial paper (having original maturities of not more than 270 days) rated in the highest short-term rating categories of Standard & Poor's and Moody's; and

(h) Investments in no load money market or common trust funds rated AAAm or AAAm-G by Standard & Poor's and Aaa by Moody's;

provided that no instrument described above shall be a Permitted Investment if
(a) such instrument evidences the right to receive only interest with respect to the obligations underlying such instrument or (b) both principal and interest payments derived from obligations underlying such instrument and the interest and principal payments with respect to such instrument provide a yield to maturity greater than 120% of the yield to maturity at par of the underlying obligations; and provided, further, that all Permitted Investments in the Collection Account must mature at par one Business Day prior to the next succeeding Monthly Remittance Date or be payable on demand and all Permitted Investments in the Distribution Account must mature at par one Business Day prior to the next succeeding Distribution Date or be payable on demand and that no instrument described hereunder may be purchased at a price greater than par if such instrument may be prepaid or called at a price less than its purchase price prior to stated maturity.

Section 7.08 Accounting and Directions by Trustee.

On the second Business Day prior to each Distribution Date occurring on or prior to the latest to occur of the Class A-1 Certificate Termination Date, Class A-2 Certificate Termination Date, Class A-3 Certificate Termination Date, Class A-4 Certificate Termination Date, Class A-5 Certificate Termination Date and Class A-6 Certificate Termination Date, the Trustee shall determine, no later than 12:00 noon New York time on such date, whether an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date. If the Trustee determines that an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date, then no later than 12:00 noon on the second Business Day immediately preceding the related Distribution Date the Trustee shall furnish the Certificate Insurer and the Depositor with a completed Notice in the form set forth as Exhibit A to the applicable Certificate Insurance Policy. The Notice shall specify the amount of Insured Payment and shall constitute a claim for an Insured Payment pursuant to such Certificate Insurance Policy.

Section 7.09 Reports by Trustee to Owners and Certificate Insurer.

(a) On each Distribution Date the Trustee shall report in writing to the Depositor, each Owner, the Certificate Insurer, the Underwriters, Standard & Poor's and Moody's:

(i) the amount of the related distribution to Owners of each Class of Certificates allocable to principal, separately identifying by Mortgage Loan Group the amount of any Prepayments included therein, any principal portion of any Carry Forward

72

Amount included in such distribution and any remaining principal portion of any Carry Forward Amount after giving effect to such distribution;

(ii) the amount of such distribution to Owners of each Class of Certificates allocable to interest, any Compensating Interest, any interest portion of any Carry Forward Amount included in such distribution, any remaining interest portion of any Carry Forward Amount after giving effect to such distribution, any amount paid on account of any outstanding Basis Risk Carryover Amount and any remaining Basis Risk Carryover Amount after giving effect to such distribution;

(iii) the Certificate Principal Balance of each Class of Class A Certificates after giving effect to the distribution of principal on such Distribution Date;

(iv) the aggregate Loan Balance of the Mortgage Loans in each Mortgage Loan Group for the following Distribution Date;

(v) the related amount of the Servicing Fees, Insurance Premium Amount and Trustee Fee paid to or retained by the Master Servicer or paid to the Certificate Insurer or the Trustee;

(vi) the Pass-Through Rate for each Class of Class A Certificates with respect to the current Accrual Period;

(vii) the amount of Delinquency Advances included in the distribution on such Distribution Date, the amount of Servicing Advances made during the related Prepayment Period and the aggregate amount of Delinquency Advances and Servicing Advances, stated separately, outstanding as of the close of business of such Distribution Date;

(viii) the number and aggregate Loan Balance of Mortgage Loans by Mortgage Loan Group (A) delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days, (2) 31 to 59 days, (3) 60 to 89 days and (4) 90 or more days and (B) in foreclosure and delinquent (1) 1 to 30 days, (2) 31 to 59 days,
(3) 60 to 89 days and (4) 90 or more days, as of the close of business on the last day of the related Due Period and, with respect to the Actuarial Loans, not collected by the related Determination Date;

(ix) with respect to any Mortgaged Properties that became REO Properties during the related Due Period, the aggregate Loan Balance of the related Mortgage Loans as of the last day of the related Due Period preceding such Distribution Date (taking into account Curtailments, Net Liquidation Proceeds and Prepayments collected during the related Prepayment Period and, with respect to Actuarial Loans, amounts due on or before the last day of the related Due Period and in the Collection Account as of the related Determination Date);

(x) the total number and principal balance of any REO Properties as of the last day of the related Due Period preceding such Distribution Date (taking into account Net Liquidation Proceeds and, with respect to the Actuarial Loans, amounts due on or before the

73

last day of the related Due Period and in the Collection Account as of the related Determination Date);

(xi) the amount of any Insured Payment included in the amounts distributed to the holders of each Class of the Class A Certificates on such Distribution Date;

(xii) the aggregate Loan Balance of all Mortgage Loans and the aggregate Loan Balance of the Mortgage Loans in each Mortgage Loan Group after giving effect to any payment of principal on such Distribution Date;

(xiii) the Subordinated Amount and Subordination Deficit for each Mortgage Loan Group, if any, remaining after giving effect to all distributions and transfers on such Distribution Date and the Specified Subordinated Amount for each Mortgage Loan Group;

(xiv) the total of any Substitution Adjustments or Loan Purchase Price amounts included in such distribution with respect to each Mortgage Loan Group;

(xv) the weighted average Mortgage Rate and the weighted average remaining term to maturity of the Mortgage Loans with respect to each Mortgage Loan Group;

(xvi) the largest Loan Balance outstanding with respect to each Mortgage Loan Group;

(xvii) the Group 1 Available Funds, the Group 1 Total Available Funds, the Group 2 Available Funds and the Group 2 Total Available Funds; and

(xviii) such other information as the Certificate Insurer may reasonably request with respect to delinquent Mortgage Loans.

In addition, an Owner may, by facsimile to the Trustee at (312) 407-1708, request on a quarterly basis such information as may be required by Section 6049(d)(7)(C) of the Code and the regulations promulgated thereunder to assist the holders of the Class A Certificates in computing their market discount.

The Master Servicer shall provide to the Trustee the information described in Section 8.08(d)(ii) and in clause (b) below no later than 12:00 noon, New York time, on the second Business Day following the Determination Date to enable the Trustee to perform its reporting obligations under this Section, and such obligations of the Trustee under this Section are conditioned upon such information being received and the information provided shall be based solely upon information contained in the monthly servicing report provided by the Master Servicer to the Trustee pursuant to Section 8.08(d)(ii) hereof.

(b) The Master Servicer shall furnish to the Trustee and to the Certificate Insurer, during the term of this Agreement, such periodic, special, or other reports or information not specifically provided for herein, as may be necessary, reasonable, or appropriate with respect to the Trustee or the Certificate Insurer, as the case may be, or otherwise with respect to the purposes of this

74

Agreement, all such reports or information to be provided by and in accordance with such applicable instructions and directions as the Trustee or the Certificate Insurer may reasonably require.

Section 7.10 Reports by Trustee.

(a) The Trustee shall, at the request of the Depositor, the Seller or the Certificate Insurer, transmit promptly to the Depositor, the Seller and the Certificate Insurer copies of all accountings of receipts in respect of the Mortgage Loans furnished to it by the Master Servicer and shall notify the Depositor, the Seller and the Certificate Insurer if any Monthly Remittance Amount has not been received by the Trustee when due.

(b) The Trustee shall report to the Certificate Insurer and each Owner with respect to any written notices it may from time to time receive which provide an Authorized Officer with actual knowledge that any of the statements set forth in Section 3.04(b) hereof are inaccurate.

Section 7.11 Preference Payments.

The Certificate Insurer will pay any Insured Payment that is a Preference Amount on the Business Day following receipt on a Business Day by the Certificate Insurer of (i) a certified copy of such order, (ii) an opinion of counsel satisfactory to the Certificate Insurer that such order is final and not subject to appeal, (iii) an assignment in such form as is reasonably required by the Certificate Insurer, irrevocably assigning to the Certificate Insurer all rights and claims of the Owners relating to or arising under the Class A Certificates against the debtor which made such Preference Amount or otherwise with respect to such Preference Amount and (iv) appropriate instruments to effect the appointment of the Certificate Insurer as agent for such Owner in any legal proceeding related to such Preference Amount, such instruments being in a form satisfactory to the Certificate Insurer, provided that if such documents are received after 12:00 noon New York City time on such Business Day, they will be deemed to be received on the following Business Day. Such payment shall be disbursed to the receiver, conservator, debtor-in-possession or trustee in bankruptcy named in the order and not to the Trustee or any Owner of Class A Certificate directly (unless an Owner of a Class A Certificate has previously paid such amount to the receiver, conservator, debtor-in-possession or trustee in bankruptcy named in the order, in which case such payment shall be disbursed to the Trustee for distribution to such Owner upon proof of such payment reasonably satisfactory to the Certificate Insurer).

Each Owner of a Class A Certificate, by its purchase of Class A Certificates, the Master Servicer and the Trustee hereby agree that the Certificate Insurer may at any time during the continuation of any proceeding relating to a preference claim direct all matters relating to such preference claim, including, without limitation, the direction of any appeal of any order relating to such preference claim and the posting of any surety or performance bond pending any such appeal. In addition and without limitation of the foregoing, the Certificate Insurer shall be subrogated to the rights of the Master Servicer, the Trustee and the Owner of each Class A Certificate in the conduct of any such preference claim, including, without limitation, all rights of any party to an adversary proceeding action with respect to any court order issued in connection with any such preference claim.

75

Each Owner of a Class A Certificate will promptly notify the Trustee in writing upon the receipt of a court order relating to a Preference Amount and will be required to enclose a copy of such order with such notice to the Trustee.

ARTICLE VIII

SERVICING AND ADMINISTRATION
OF MORTGAGE LOANS

Section 8.01 Master Servicer and Sub-Servicers.

Acting directly or through one or more Sub-Servicers as provided in
Section 8.03, the Master Servicer shall service and administer the Mortgage Loans as described below and with reasonable care, and using that degree of skill and attention that the Master Servicer exercises with respect to comparable mortgage loans that it services for itself or others (the "Servicing Standard"), and shall have full power and authority, acting alone, to do or cause to be done any and all things in connection with such servicing and administration which it may deem necessary or desirable. In performing such servicing functions the Master Servicer shall (i) take into account the non-conforming credit quality of the Mortgagors under the Mortgage Loans, (ii) follow the policies and procedures that it would apply to similar loans held for its own account, unless such policies and procedures are not generally in accordance with standard industry practices, in which case the Master Servicer shall service the loans generally in accordance with standard industry practices applicable to servicing similar loans, and (iii) comply with all applicable laws and follow collection practices with respect to the related Mortgage Loans that are in all material respects legal, proper and prudent. Each of CSC and Fairbanks currently uses the FNMA Guide and the BFC Investor Guide as its servicing manual. To the extent the Master Servicer enters into a Sub-Servicing Agreement with any additional servicer pursuant to Section 8.03 of this Agreement, the Master Servicer shall provide the Certificate Insurer with a copy of the servicing manual or procedures for each additional Sub-Servicer within thirty days from the date of such Sub-Servicing Agreement.

Subject to Section 8.03 hereof, the Master Servicer may, and is hereby authorized to, perform any of its servicing responsibilities with respect to all or certain of the Mortgage Loans through a Sub-Servicer as it may from time to time designate, but no such designation of a Sub-Servicer shall serve to release the Master Servicer from any of its obligations under this Agreement. Subject to the related Sub-Servicing Agreement, such Sub-Servicer shall have all the rights and powers of the Master Servicer with respect to such Mortgage Loans under this Agreement.

Without limiting the generality of the foregoing, but subject to Sections 8.13 and 8.14, the Master Servicer in its own name or in the name of a Sub-Servicer may be authorized and empowered pursuant to a power of attorney executed and delivered by the Trustee to execute and deliver, and may be authorized and empowered by the Trustee, to execute and deliver, on behalf of itself, the Owners and the Trustee or any of them, (i) any and all instruments of satisfaction or cancellation or of partial or full release or discharge and all other comparable instruments with respect to the Mortgage Loans and with respect to the Mortgaged Properties, and (ii) to institute

76

foreclosure proceedings or obtain a deed in lieu of foreclosure so as to effect ownership of any Mortgaged Property in the name of the Trustee; provided, however, that to the extent any instrument described in clause (i) preceding would be delivered by the Master Servicer outside of its usual procedures for mortgage loans held in its own portfolio, the Master Servicer shall, prior to executing and delivering such instrument, obtain the prior written consent of the Certificate Insurer, and provided further, that Section 8.14(a) shall constitute an authorization from the Trustee to the Master Servicer to execute an instrument of satisfaction (or assignment of mortgage without recourse) with respect to any Mortgage Loan paid in full (or with respect to which payment in full has been escrowed). The Trustee shall execute any documentation furnished to it by the Master Servicer for recordation by the Master Servicer in the appropriate jurisdictions as shall be necessary to effectuate the foregoing. Subject to Sections 8.13 and 8.14, the Trustee shall execute any authorizations and other documents as the Master Servicer or such Sub-Servicer shall reasonably request that are furnished to the Trustee to enable the Master Servicer and such Sub-Servicer to carry out their respective servicing and administrative duties hereunder.

The Master Servicer shall give prompt notice to the Trustee and the Certificate Insurer of any action, of which the Master Servicer has actual knowledge, to (i) assert a claim against the Trust or (ii) assert jurisdiction over the Trust.

Servicing Advances incurred by the Master Servicer or any Sub-Servicer in connection with the servicing of the Mortgage Loans (including any penalties in connection with the payment of any taxes and assessments or other charges) on any Mortgaged Property shall be recoverable by the Master Servicer or such Sub-Servicer to the extent described in Section 8.09(b) hereof.

Notwithstanding any other provision contained herein, with respect to the Actuarial Loans, payments due other than on the first day of a month are deemed to be due on the first day of the month for all purposes hereunder.

Section 8.02 Collection of Certain Mortgage Loan Payments.

The Master Servicer shall use reasonable efforts to collect or caused to be collected all payments called for under the terms and provisions of the Mortgage Loans, and shall, to the extent such procedures shall be consistent with this Agreement and the terms and provisions of any applicable Insurance Policy, follow collection procedures for all Mortgage Loans in accordance with the Servicing Standard. Consistent with the foregoing, the Master Servicer may in its discretion waive or permit to be waived any late payment charge, prepayment charge, assumption fee or any penalty interest in connection with the prepayment of a Mortgage Loan or any other fee or charge which the Master Servicer would be entitled to retain hereunder as servicing compensation. In the event the Master Servicer shall consent to the deferment of the due dates for payments due on a Note, the Master Servicer shall nonetheless make payment of any required Delinquency Advance with respect to the payments so extended to the same extent as if such installment were due, owing and Delinquent and had not been deferred, and shall be entitled to reimbursement therefor in accordance with Section 8.09(a) hereof. The Master Servicer may waive, modify or vary the terms of the Mortgage Loans in accordance with the Servicing Standard; provided, however, that the Master Servicer may not waive, modify or vary the terms of any Mortgage Loan to (A) decrease the interest rate on the Mortgage Loan, (B) forgive the payment of

77

principal or interest (except with respect to liquidation of such Mortgage Loan) or (C) extend the maturity date of such Mortgage Loan, unless, (i) the related Mortgagor is in default under such Mortgage Loan or such default is, in the reasonable judgment of the Master Servicer, reasonably foreseeable, (ii) the amendment, modification or waiver is recorded with the appropriate recording office with proof of such recording provided to the Certificate Insurer by the Master Servicer promptly upon receipt by the Master Servicer, and (iii) all costs and expenses associated with such amendment, modification or waiver, including any recording costs, are paid by the Master Servicer out of its own funds. In addition, if the aggregate principal balance of the Mortgage Loans with respect to such waivers, modifications or variations which have been granted equals or exceeds 3% of the Original Aggregate Loan Balance of the Mortgage Loans, any further waivers, modifications or variations shall require the Certificate Insurer's prior written consent. The Certificate Insurer shall respond to any written request of the Master Servicer for a waiver, modification or variation of a Mortgage Loan within two weeks of the date of such written request.

Section 8.03 Sub-Servicing Agreements Between Master Servicer and Sub-Servicers.

The Master Servicer may enter into Sub-Servicing Agreements for any servicing and administration of Mortgage Loans with one or more institutions that are in compliance with the laws of each state necessary to enable each of them to perform their obligations under such Sub-Servicing Agreements and (w) is Fairbanks or (x) is CSC or (y)(i) has been designated an approved seller-servicer by FHLMC or FNMA and (ii) has equity of at least $1,500,000, as determined in accordance with generally accepted accounting principles or (z) is a Master Servicer Affiliate. The Master Servicer shall give notice to the Trustee, the Certificate Insurer and the Rating Agencies of the appointment of any Sub-Servicer. For purposes of this Agreement, the Master Servicer shall be deemed to have received payments on Mortgage Loans when any Sub-Servicer has received such payments. Each Sub-Servicer shall be required to service the Mortgage Loans in accordance with this Agreement and any such Sub-Servicing Agreement shall be consistent with and not violate the provisions of this Agreement. Each Sub-Servicing Agreement shall provide that a successor Master Servicer shall have the option to terminate such agreement without payment of any termination fees if the original Master Servicer is terminated or resigns.

Section 8.04 Successor Sub-Servicers.

The Master Servicer shall be entitled to terminate any Sub-Servicing Agreement in accordance with the terms and conditions of such Sub-Servicing Agreement and to either itself directly service the related Mortgage Loans or enter into a Sub-Servicing Agreement with a successor Sub-Servicer which qualifies under Section 8.03.

Section 8.05 Liability of Master Servicer; Indemnification.

(a) The Master Servicer shall not be relieved of its obligations under this Agreement notwithstanding any Sub-Servicing Agreement or any of the provisions of this Agreement relating to agreements or arrangements between the Master Servicer and a Sub-Servicer and the Master Servicer shall be obligated to the same extent and under the same terms and conditions as if it alone were servicing and administering the Mortgage Loans. The Master Servicer shall be solely liable for all fees owed by it to any Sub-Servicer, regardless of whether the Master Servicer's

78

compensation hereunder is sufficient to pay such fees. The Master Servicer shall be entitled to enter into any agreement with a Sub-Servicer for indemnification of the Master Servicer by such Sub-Servicer and nothing contained in such Sub-Servicing Agreement shall be deemed to limit or modify this Agreement.

(b) The Master Servicer (except the Trustee if it is required to succeed the Master Servicer hereunder) agrees to indemnify and hold the Trustee (including its directors, officers, employees, agents and affiliates), the Certificate Insurer and each Owner harmless against any and all claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments, and any other costs, fees and expenses that the Trustee, the Certificate Insurer and any Owner may sustain in any way related to the failure of the Master Servicer to perform its duties and service the Mortgage Loans in compliance with the terms of this Agreement. The Master Servicer shall immediately notify the Trustee, the Certificate Insurer and each Owner if a claim is made by a third party with respect to this Agreement, and the Master Servicer shall assume (with the consent of the Trustee and the Certificate Insurer) the defense of any such claim and pay all expenses in connection therewith, including reasonable counsel fees, and promptly pay, discharge and satisfy any judgment or decree which may be entered against the Master Servicer, the Trustee, the Certificate Insurer and/or Owner in respect of such claim. The Trustee shall reimburse the Master Servicer from amounts distributable pursuant to Section 7.03(c)(iii)(G) for all amounts advanced by it pursuant to the preceding sentence except when the claim relates directly to the failure of the Master Servicer to service and administer the Mortgage Loans in compliance with the terms of this Agreement based upon an opinion of counsel (at the expense of the Master Servicer) delivered to the Trustee and the Certificate Insurer. The provisions of this Section 8.05 shall survive the resignation or removal of the Trustee, the termination of this Agreement, the resignation or removal of the Master Servicer and the payment of the outstanding Certificates.

(c) None of the Depositor, the Master Servicer, or any of the directors, officers, employees or agents of the Depositor or the Master Servicer shall be under any liability to the Trust Estate or the Owners for any action taken, or for refraining from the taking of any action, in good faith pursuant to this Agreement, or for errors in judgment; provided, however, that this provision shall not protect the Depositor or Master Servicer or any such Person against any breach of warranties or representations made herein, or against any specific liability imposed on the Master Servicer for a breach of the Servicing Standard, or against any liability which would otherwise be imposed by reason of its respective willful misfeasance, bad faith, fraud or negligence in the performance of its duties or by reasons of negligent disregard of its respective obligations or duties hereunder.

The Depositor, the Master Servicer, and any director, officer, employee or agent of the Depositor or the Master Servicer, may rely in good faith on any document of any kind which, prima facie, is properly executed and submitted by any appropriate Person with respect to any matters arising hereunder. Pursuant to Section 7.03(c)(iii)(G), the Depositor, the Master Servicer and any director, officer, employee or agent of the Depositor or the Master Servicer shall be indemnified and held harmless by the Trust Estate against any loss, liability or expense incurred in connection with any legal action relating to this Agreement or the Certificates, other than any loss, liability or expense incurred in connection with any legal action incurred by reason of its respective misfeasance, bad faith, fraud or negligence, a breach of a representation or warranty hereunder or

79

(in the case of the Master Servicer) a breach of the Servicing Standard in the performance of its respective duties or by reason of negligent disregard or its respective obligations or duties hereunder. Neither the Depositor nor the Master Servicer shall be under any obligation to appear in, prosecute or defend any legal action unless such action is related to its respective duties under this Agreement and in its opinion does not expose it to any expense or liability; provided, however, that the Depositor or the Master Servicer may in its discretion undertake any action related to its obligations hereunder which it may deem necessary or desirable with respect to this Agreement and the rights and duties of the parties hereto and the interests of the Owners hereunder.

Section 8.06 No Contractual Relationship Between Sub-Servicers, Trustee or the Owners.

Any Sub-Servicing Agreement and any other transactions or services relating to the Mortgage Loans involving a Sub-Servicer shall be deemed to be between the Sub-Servicer and the Master Servicer alone and the Trustee and the Owners shall not be deemed parties thereto and shall have no claims, rights, obligations, duties or liabilities with respect to any Sub-Servicer except as set forth in Section 8.07.

Section 8.07 Assumption or Termination of Sub-Servicing Agreements by Trustee.

In connection with the assumption of the responsibilities, duties and liabilities and of the authority, power and rights of the Master Servicer hereunder by the Trustee pursuant to Section 8.20, it is understood and agreed that the Master Servicer's rights and obligations under any Sub-Servicing Agreement then in force between the Master Servicer and a Sub-Servicer shall be assumed simultaneously by the Trustee without act or deed on the part of the Trustee; provided, however, that the successor Master Servicer may terminate the applicable Sub-Servicer as provided in Section 8.03.

The terminated Master Servicer shall, upon the reasonable request of the Trustee, but at the expense of the Master Servicer, deliver to the assuming party documents and records relating to each Sub-Servicing Agreement and an accounting of amounts collected and held by it and otherwise use its best reasonable efforts to effect the orderly and efficient transfer of the Sub-Servicing Agreements to the assuming party.

Section 8.08 Collection Account.

(a) The Master Servicer shall establish and maintain or cause to be established and maintained the Collection Account to be held as an Eligible Account on behalf of the Trustee for the benefit of the Owners and the Certificate Insurer. The Collection Account shall be entitled "Bank One, National Association, as Trustee under the Pooling and Servicing Agreement dated as of October 1, 1999" and shall be initially established at Mellon Bank, N.A. The Master Servicer shall notify the Trustee (who will in turn notify the Owners) and the Certificate Insurer if there is a change in the name, account number or institution holding the Collection Account.

Subject to subsection (c) below, the Master Servicer shall deposit or cause to be deposited all receipts pursuant to subsection (c) below and related to the Mortgage Loans to the Collection Account on a daily basis (but no later than the second Business Day after receipt).

80

(b) All funds in the Collection Account shall be held (i) uninvested or
(ii) invested in Permitted Investments. Any investments of funds in the Collection Account shall mature or be withdrawable at par no later than one Business Day prior to the immediately succeeding Monthly Remittance Date. The Collection Account shall be held in trust in the name of the Trustee for the benefit of the Owners. Any investment of funds in the Collection Account shall be made in the name of the Trustee (in its capacity as such). The Master Servicer (with respect to Permitted Investments of amounts in the Collection Account), on behalf of the Trustee, shall (and Trustee hereby designates the Master Servicer as the Person that shall) (i) be the "entitlement holder" of any Permitted Investment that is a "security entitlement" and (ii) maintain "control" of any Permitted Investment that is either a "certificated security" or an "uncertificated security". For purposes of this Section 8.08(b), the terms "entitlement holder", "security entitlement", "control", "certificated security" and "uncertificated security" shall have the meanings given such terms in Revised Article 8 (1994 Revision) of the Uniform Commercial Code, and "control" of any Permitted Investment by the Master Servicer shall constitute "control" by a Person designated by, and acting on behalf of, the Trustee for purposes of Revised Article 8 (1994 Revision) of the Uniform Commercial Code. Any investment earnings on funds held in the Collection Account shall be for the account of the Master Servicer and may only be withdrawn from the Collection Account by the Master Servicer immediately following the remittance of the Monthly Remittance Amount (and the Total Monthly Excess Spread included therein) by the Master Servicer. Prior to each Monthly Remittance Date, the Master Servicer shall deposit into the Collection Account the net amount of any investment losses on such funds during the related Due Period. Any references herein to amounts on deposit in the Collection Account shall refer to amounts net of such investment earnings.

(c) The Master Servicer shall deposit into the Collection Account no later than the second Business Day after receipt all principal and interest collections on the Mortgage Loans received after the Cut-Off Date (other than Scheduled Payments on Actuarial Loans due on or prior to the Cut-Off Date) including any Prepayments, Curtailments and Net Liquidation Proceeds, other recoveries or amounts related to the Mortgage Loans received by the Master Servicer and any income from REO Properties, but net of (i) the Servicing Fee with respect to each Mortgage Loan and other servicing compensation to the Master Servicer as permitted by Section 8.15 hereof, (ii) Net Liquidation Proceeds to the extent such Net Liquidation Proceeds exceed the sum of (I) the Loan Balance of the related Mortgage Loan immediately prior to liquidation, plus
(II) accrued and unpaid interest on such Mortgage Loan (net of the Servicing Fee) to the date of such liquidation, (iii) reimbursements for Delinquency Advances from late collections or Liquidation Proceeds on the Mortgage Loans which gave rise to such Delinquency Advances, and (iv) reimbursements for amounts deposited in the Collection Account representing payments of principal and/or interest on a Note by a Mortgagor which are subsequently returned by a depository institution as unpaid.

(d) (i) The Master Servicer may make withdrawals for its own account from the amounts on deposit in the Collection Account, with respect to each Mortgage Loan Group, for the following purposes:

(A) to withdraw investment earnings on amounts on deposit in the Collection Account:

81

(B) to the extent not reimbursed or paid pursuant to any other clause of this Section 8.08(d)(i), to reimburse or pay the Master Servicer, the Trustee and/or the Depositor for unpaid items incurred by or on behalf of such Person pursuant to any provision of this Agreement pursuant to which such Person is entitled to reimbursement or payment from the Trust Estate, in each case only to the extent reimbursable under such Section, it being acknowledged that this clause (B) shall not be deemed to modify the substance of any such Section, including the provisions of such Section that set forth the extent to which one of the foregoing Persons is or is not entitled to payment or reimbursement;

(C) to withdraw amounts that have been deposited to the Collection Account in error;

(D) to reimburse itself for unreimbursed Delinquency Advances with respect to Simple Interest Loans from Excess Interest pursuant to
Section 8.09(a); and

(E) to clear and terminate the Collection Account following the termination of the Trust pursuant to Article IX.

(ii) The Master Servicer shall (a) remit to the Trustee for deposit in the Distribution Account by wire transfer, or otherwise make funds available in immediately available funds, without duplication, the Monthly Remittance Amount allocable to a Due Period not later than the related Monthly Remittance Date and Loan Purchase Prices and Substitution Adjustments two Business Days following the related purchase or substitution, and (b) no later than by 12:00 noon, New York time on the second Business Day after the Determination Date immediately preceding the related Distribution Date, deliver to the Trustee and the Certificate Insurer a monthly servicing report via electronic medium, with respect to each Mortgage Loan Group, containing the following information: (i) principal and interest collected, Liquidated Loans, summary and detailed delinquency reports, Liquidation Proceeds and other similar information concerning the servicing of the Mortgage Loans and (ii) the information described in Section 7.09(b). In addition, the Master Servicer shall inform the Trustee and the Certificate Insurer on each Monthly Remittance Date, with respect to each Mortgage Loan Group, of the amounts of any Loan Purchase Prices or Substitution Adjustments so remitted during the related Due Period.

Section 8.09 Delinquency Advances and Servicing Advances.

(a) Subject to the second paragraph of this subsection (a), the Master Servicer will be obligated on each Monthly Remittance Date to remit to the Trustee from its own funds for deposit into the Distribution Account an amount equal to interest on the Mortgage Loans due during the related Due Period (net of the Servicing Fee) but uncollected (i) with respect to Simple Interest Loans, as of the end of the related Due Period, and (ii) with respect to Actuarial Loans, as of the related Determination Date (such amount, a "Delinquency Advance"). For purposes of calculating the amount of Delinquency Advances for the Simple Interest Loans or Excess Interest for reimbursement of such Delinquency Advances for a Mortgage Loan Group, the amount "due" during the Due Period will be deemed to be 30 days' interest at the weighted average Mortgage Rate for the Simple Interest Loans in such Mortgage Loan Group. Delinquency Advances are recoverable from (i) late collections on the Mortgage Loan which gave rise to the Delinquency

82

Advance, (ii) Liquidation Proceeds for the Mortgage Loan which gave rise to such Delinquency Advance, (iii) with respect to Simple Interest Loans, Excess Interest for the related Mortgage Loan Group and (iv) pursuant to Section 7.03(c)(ii)(C).

Notwithstanding the foregoing, the Master Servicer shall not be obligated to make a Delinquency Advance as to any Mortgage Loan if the Master Servicer determines that such Delinquency Advance, if made, would be a Nonrecoverable Advance. The Master Servicer shall give written notice of such determination to the Trustee and the Certificate Insurer; and the Trustee shall promptly furnish a copy of such notice to the Owners; provided, that the Master Servicer shall be entitled to recover any unreimbursed Delinquency Advances from the aforesaid Liquidation Proceeds prior to the payment of the Liquidation Proceeds to any other party to this Agreement.

(b) The Master Servicer will pay all "out-of-pocket" costs and expenses incurred in the performance of its servicing obligations (each such expenditure, a "Servicing Advance") including, but not limited to, the cost of (i) Preservation Expenses, (ii) any enforcement or judicial proceedings, including foreclosures, (iii) the management and liquidation of REO Property and (iv) advances required by Section 8.13(a), but the Master Servicer shall not be obligated to make any such Servicing Advance if the Master Servicer determines that such Servicing Advance, if made, would be a Nonrecoverable Advance. The Master Servicer may recover Servicing Advances (x) from the Mortgagors to the extent permitted by the Mortgage Loans or, if not recovered from the Mortgagor on whose behalf such Servicing Advance was made, from Liquidation Proceeds realized upon the liquidation of the related Mortgage Loan and (y) as provided in Section 7.03(c)(ii)(C). The Master Servicer shall be entitled to recover the Servicing Advances from the aforesaid Liquidation Proceeds prior to the payment of the Liquidation Proceeds to any other party to this Agreement. Except as provided in the previous sentence, in no case may the Master Servicer recover Servicing Advances from the principal and interest payments on any Mortgage Loan or from any amounts relating to any other Mortgage Loan except as provided in
Section 7.03(c)(ii)(C).

Section 8.10 Compensating Interest; Repurchase of Mortgage Loans.

(a) If, during any Prepayment Period, the aggregate Prepayment Interest Shortfalls exceed the aggregate Prepayment Interest Excesses, the Master Servicer shall deposit into the Collection Account on the related Monthly Remittance Date an amount equal to such difference but not in excess of one-half of the Servicing Fee for the related Due Period on the Mortgage Loans giving rise to such Prepayment Interest Shortfalls ("Compensating Interest"). Such amount shall be included in the Monthly Remittance to be made available to the Trustee on such Monthly Remittance Date.

(b) The Master Servicer, and in the absence of the exercise thereof by the Master Servicer, the Certificate Insurer, has the right and the option, but not the obligation, to purchase for its own account any Mortgage Loan which becomes Delinquent, in whole or in part, as to four consecutive monthly installments or any Mortgage Loan as to which enforcement proceedings have been brought by the Master Servicer pursuant to Section 8.13; provided, however, that
(i) the Master Servicer or the Certificate Insurer, as the case may be, may not purchase any such Mortgage Loan unless the Master Servicer or the Certificate Insurer, as the case may be, has delivered to the Trustee an opinion of counsel experienced in federal income tax matters acceptable to the Master Servicer

83

or the Certificate Insurer, as the case may be, and the Trustee to the effect that such a purchase would not constitute a Prohibited Transaction for the Trust or otherwise subject the Trust to tax and would not jeopardize the status of the Trust as a REMIC. Any such Mortgage Loan so purchased shall be purchased by the Master Servicer or the Certificate Insurer as the case may be on a Monthly Remittance Date at a purchase price equal to the Loan Purchase Price thereof, which purchase price shall be deposited in the Collection Account and the Master Servicer shall provide the Certificate Insurer and the Trustee with a Liquidation Report in the form of Exhibit L hereto with respect to each such Mortgage Loan.

(c) The Net Liquidation Proceeds from the disposition of any REO Property shall be deposited in the Collection Account and remitted to the Trustee as part of the Monthly Remittance Amount remitted by the Master Servicer to the Trustee for the Prepayment Period in which such liquidation occurred.

Section 8.11 Maintenance of Insurance.

(a) The Master Servicer on behalf of the Trustee, as mortgagee, shall use its reasonable efforts in accordance with the Servicing Standard to cause the related Mortgagor to maintain for each Mortgage Loan (other than any Mortgage Loan as to which the related Mortgaged Property has become an REO Property), and if the Mortgagor does not so maintain, shall itself maintain (subject to the provisions of this Agreement concerning Nonrecoverable Advances), to the extent the Trustee as mortgagee has an insurable interest, (A) fire and hazard insurance with extended coverage on the related Mortgaged Property in an amount which is at least equal to the least of (i) 100% of the then "full replacement cost" of the improvements and equipment (excluding foundations, footings and excavation costs), without deduction for physical depreciation, (ii) the outstanding principal balance of the related Mortgage Loan (together, in the case of a Second Mortgage Loan, with the outstanding principal balance of the Senior Lien) or such other amount as is necessary to prevent any reduction in such policy by reason of the application of co-insurance and to prevent the Trustee thereunder from being deemed to be a co-insurer and (iii) the full insurable value of such Mortgaged Property, and (B) such other insurance as provided in the related Mortgage Loan. The Master Servicer shall maintain fire and hazard insurance with extended coverage from a Qualified Insurer on each REO Property in an amount which is at least equal to 100% of the then "full replacement cost" of the improvements and equipment (excluding foundations, footings and excavation costs), without deduction for physical depreciation. The Master Servicer shall maintain, from a Qualified Insurer, with respect to each REO Property, such other insurance as provided in the related Mortgage Loan. Any amounts collected by the Master Servicer under any such policies (other than amounts to be applied to the restoration and repair of the related Mortgaged Property or amounts to be released to the Mortgagor in accordance with the terms of the related Mortgage) shall be deposited into the Collection Account pursuant to Section 8.08(c), subject to withdrawal pursuant to Section 8.08(d). Any cost incurred by the Master Servicer in maintaining any such insurance shall not, for the purpose of calculating distributions to Owners, be added to the unpaid principal balance of the related Mortgage Loan, notwithstanding that the terms of such Mortgage Loan so permit. It is understood and agreed that no earthquake or other additional insurance other than flood insurance is to be required of any Mortgagor or to be maintained by the Master Servicer other than pursuant to the terms of the related Mortgage, Note or other Mortgage Loan documents and pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such additional

84

insurance. If the Mortgaged Property is located in a federally designated special flood hazard area, the Master Servicer will use its reasonable efforts in accordance with the Servicing Standard to cause the related Mortgagor to maintain or will itself obtain (subject to the provisions of this Agreement concerning Nonrecoverable Advances) flood insurance in respect thereof. Such flood insurance shall be in an amount equal to the least of (i) the outstanding principal balance of the related Mortgage Loan (together, in the case of a Second Mortgage Loan, with the outstanding principal balance of the Senior Lien), (ii) the maximum amount of such insurance required by the terms of the related Mortgage and as is available for the related property under the Flood Disaster Protection Act of 1973 (assuming that the area in which such property is located is participating in such program) and (iii) the minimum amount required to compensate for damage or loss on a replacement cost basis. If an REO Property is located in a federally designated special flood hazard area, the Master Servicer will obtain flood insurance in respect thereof providing substantially the same coverage as described in the preceding sentences. If at any time during the term of this Agreement a recovery under a flood or fire and hazard insurance policy in respect of an REO Property is not available but would have been available if such insurance were maintained thereon in accordance with the standards applied to Mortgaged Properties described herein, the Master Servicer shall either (i) immediately deposit into the Collection Account from its own funds the amount that would have been recovered or (ii) apply to the restoration and repair of the property from its own funds the amount that would have been recovered, if such application would be consistent with the servicing standard set forth in Section 8.01; provided, however, that the Master Servicer shall not be responsible for any shortfall in insurance proceeds resulting from an insurer's refusal or inability to pay a claim. Costs of the Master Servicer of maintaining insurance policies pursuant to this Section 8.11 shall be paid by the Master Servicer as a Servicing Advance and shall be reimbursable to the Master Servicer.

The Master Servicer agrees to prepare and present, on behalf of itself, the Trustee and the Owners, claims under each related insurance policy maintained pursuant to this Section 8.11 in a timely fashion in accordance with the terms of such policy and to take such reasonable steps as are necessary to receive payment or to permit recovery thereunder.

The Master Servicer shall require that all insurance policies required hereunder shall name the Trustee, the Master Servicer or the applicable Sub-Servicer as loss payee and that all such insurance policies require that 30 days' notice be given to the Master Servicer before termination to the extent required by the related Mortgage, Note, or other Mortgage Loan documents.

(b) (i) If the Master Servicer obtains and maintains a blanket insurance policy with a Qualified Insurer at its own expense insuring against fire and hazard losses or other required insurance on all of the Mortgage Loans, it shall conclusively be deemed to have satisfied its obligations concerning the maintenance of such insurance coverage set forth in Section 8.11(a), it being understood and agreed that such policy may contain a deductible clause, in which case the Master Servicer shall, in the event that (A) there shall not have been maintained on one or more of the related Mortgaged Properties a policy otherwise complying with the provisions of Section 8.11(a), and (B) there shall have been one or more losses which would have been covered by such a policy had it been maintained, immediately deposit into the Collection Account from its own funds the amount not otherwise payable under the blanket policy because of such deductible clause. In connection with its activities as Master Servicer hereunder, the Master Servicer agrees to prepare

85

and present, in a timely fashion in accordance with the terms of such policy, on behalf of itself, the Trustee and Owners, claims under any such blanket policy which it maintains and to take such reasonable steps as are necessary to receive payment or permit recovery thereunder.

(ii) If the Master Servicer causes any Mortgaged Property or REO Property to be covered by a master force placed insurance policy, which policy is issued by a Qualified Insurer and provides no less coverage in scope and amount for such Mortgaged Property or REO Mortgaged Property than the insurance required to be maintained pursuant to Section 8.11(a), the Master Servicer shall conclusively be deemed to have satisfied its obligations to maintain insurance pursuant to Section 8.11(a). Such policy may contain a deductible clause, in which case the Master Servicer shall, in the event that (A) there shall not have been maintained on the related Mortgaged Property or REO Property a policy otherwise complying with the provisions of Section 8.11(a), and (B) there shall have been one or more losses which would have been covered by such a policy had it been maintained, immediately deposit into the Collection Account from its own funds the amount not otherwise payable under such policy because of such deductible.

Section 8.12 Due-on-Sale Clauses; Assumption and Substitution Agreements.

When a Mortgaged Property has been or is about to be conveyed by the Mortgagor, the Master Servicer shall, to the extent an Authorized Officer thereof has actual knowledge of such conveyance or prospective conveyance, exercise its rights to accelerate the maturity of the related Mortgage Loan under any "due-on-sale" clause contained in the related Mortgage or Note; provided, however, that the Master Servicer shall not exercise any such right if the "due-on-sale" clause, in the reasonable belief of the Master Servicer, is not enforceable under applicable law or if the Master Servicer reasonably believes in good faith it is not in the best interests of the Trust. An opinion of counsel at the expense of the Master Servicer delivered to the Trustee, the Depositor and the Certificate Insurer to the foregoing effect shall conclusively establish the reasonableness of such belief. In such event, the Master Servicer shall make reasonable efforts to enter into an assumption and modification agreement with the person to whom such property has been or is about to be conveyed, pursuant to which such person becomes liable under the Note and, unless prohibited by applicable law or the Mortgage Documents, the Mortgagor remains liable thereon. If the foregoing is not permitted under applicable law, the Master Servicer is authorized to enter into a substitution of liability agreement with such person, pursuant to which the original Mortgagor is released from liability and such person is substituted as Mortgagor and becomes liable under the Note; provided, however, that to the extent any such substitution of liability agreement would be delivered by the Master Servicer outside of its usual procedures for mortgage loans held in its own portfolio the Master Servicer shall, prior to executing and delivering such agreement, obtain the prior written consent of the Certificate Insurer. The Trustee shall execute any agreements presented to it by, and at the request of, the Master Servicer to effectuate the foregoing. The Mortgage Loan, as assumed, shall conform in all respects to the requirements, representations and warranties of this Agreement. The Master Servicer shall notify the Trustee that any such assumption or substitution agreement has been completed by forwarding to the Trustee the original copy of such assumption or substitution agreement (indicating the File to which it relates) which copy shall be added by the Trustee to the related File and which shall, for all purposes, be considered a part of such File to the same extent as all other documents and instruments constituting a part thereof. The Master Servicer shall be responsible for recording any such assumption or substitution agreements. In connection with any

86

such assumption or substitution agreement, the required monthly payment on the related Mortgage Loan shall not be changed but shall remain as in effect immediately prior to the assumption or substitution, the stated maturity or outstanding principal amount of such Mortgage Loan shall not be changed nor shall any required monthly payments of principal or interest be deferred or forgiven, except to the extent permitted by Section 8.02. Any fee collected by the Master Servicer or any Sub-Servicer for consenting to any such conveyance or entering into an assumption or substitution agreement shall be retained by or paid to the Master Servicer as additional servicing compensation.

Notwithstanding the foregoing paragraph or any other provision of this Agreement, the Master Servicer shall not be deemed to be in default, breach or any other violation of its obligations hereunder by reason of any assumption of a Mortgage Loan by operation of law or any assumption which the Master Servicer may be restricted by law from preventing, for any reason whatsoever.

Section 8.13 Realization upon Defaulted Mortgage Loans; Inspection.

(a) The Master Servicer shall foreclose upon or otherwise comparably effect the ownership in the name of the Trustee on behalf of the Trust of Mortgaged Properties relating to defaulted Mortgage Loans as to which no satisfactory arrangements can be made for collection of Delinquent payments and which the Master Servicer has not purchased pursuant to Section 8.10(b). Subject to
Section 8.09, in connection with such foreclosure or other conversion, the Master Servicer shall exercise such of the rights and powers vested in it hereunder, and use the same degree of care and skill in their exercise or use, as prudent mortgage lenders would exercise or use under the circumstances in the conduct of their own affairs and consistent with the Servicing Standard, including, but not limited to, advancing funds for the payment of taxes, amounts due with respect to Senior Liens, and insurance premiums. Any amounts so advanced shall constitute "Servicing Advances" within the meaning of Section 8.09(b) hereof. The Master Servicer shall sell any REO Property by the close of the third taxable year following the taxable year in which it is acquired by the Trust (the "REO Sale Deadline"), at such price as the Master Servicer deems necessary to comply with this covenant unless, either (i) at least 61 days prior to the REO Sale Deadline, the Trustee has requested an extension of time from the IRS in which to dispose of such property (an "REO Extension"), or (ii) the Master Servicer obtains for the Certificate Insurer, Trustee and the Master Servicer an opinion of counsel experienced in federal income tax matters acceptable to the Certificate Insurer and the Trustee, addressed to the Certificate Insurer, the Trustee and the Master Servicer, to the effect that the holding by the Trust of such REO Property for any longer period will not result in the imposition of taxes on "Prohibited Transactions" of the Trust or any REMIC therein as defined in Section 860F of the Code or cause the Trust or any REMIC therein to fail to qualify as a REMIC under the REMIC Provisions at any time that any Certificates are outstanding.

Notwithstanding the generality of the foregoing provisions, the Master Servicer shall manage, conserve, protect and operate each REO Property for the Owners solely for the purpose of its prompt disposition and sale in a manner which does not cause such REO Property to fail to qualify as "foreclosure property" within the meaning of Section 860G(a)(8) of the Code or result in the receipt by the Trust of any income from "non-permitted assets" within the meaning of Section 860F(a)(2)(B) of the Code or any "net income from foreclosure property" which is subject to taxation under the REMIC Provisions. Pursuant to its efforts to sell such REO Property, the Master Servicer shall either itself or through an agent selected by the Master Servicer protect and conserve

87

such REO Property in the same manner and to such extent as is customary in the locality where such REO Property is located and may, incident to its conservation and protection of the interests of the Owners, rent the same, or any part thereof, as the Master Servicer deems to be in the best interest of the Owners for the period prior to the sale of such REO Property. The Master Servicer shall take into account the existence of any hazardous substances, hazardous wastes or solid wastes, as such terms are defined in the Comprehensive Environmental Response Compensation and Liability Act, the Resource Conservation and Recovery Act of 1976, or other federal, state or local environmental legislation, on or under a Mortgaged Property in determining whether to foreclose upon or otherwise comparably convert the ownership of such Mortgaged Property. The Master Servicer shall not take any such action with respect to any Mortgaged Property known by the Master Servicer to contain such wastes or substances or to be within one mile of the site of such wastes or substances, without the prior written consent of the Certificate Insurer.

(b) The Master Servicer shall determine, with respect to each defaulted Mortgage Loan and in accordance with the Servicing Standard, when it has recovered, whether through trustee's sale, foreclosure sale or otherwise, all amounts it expects to recover from or on account of such defaulted Mortgage Loan (exclusive of any possibility of a deficiency judgment), whereupon such Mortgage Loan shall become a "Liquidated Loan". After a Mortgage Loan has become a Liquidated Loan, the Master Servicer shall promptly prepare and forward to the Depositor, the Trustee and the Certificate Insurer a report detailing the Liquidation Proceeds received from the Liquidated Loan, expenses incurred with respect thereto, and any loss incurred in connection therewith, such report in the form attached hereto as Exhibit L.

(c) The Master Servicer shall not acquire any personal property pursuant to this Section 8.13 unless either: (i) such personal property is incident to real property (within the meaning of Section 856(e)(1) of the Code) so acquired by the Master Servicer; or (ii) the Master Servicer shall have obtained an opinion of counsel experienced in federal income tax matters acceptable to the Certificate Insurer and the Trustee addressed to the Certificate Insurer, the Trustee and the Master Servicer, to the effect that the holding of such personal property as part of the Trust will not cause the imposition of taxes on a Prohibited Transaction or cause the Trust Fund to fail to qualify as a REMIC under the REMIC provisions.

Section 8.14 Trustee to Cooperate; Release of Files.

(a) Upon the payment in full of any Mortgage Loan (including any liquidation of such Mortgage Loan through foreclosure or otherwise), or the receipt by the Master Servicer of a notification that payment in full will be escrowed in a manner customary for such purposes, the Master Servicer shall deliver to the Trustee a completed "Request for Release of Documents" which shall be attached hereto as Exhibit M. Upon receipt of such Request for Release of Documents, the Trustee shall promptly release the related File, in trust to
(i) the Master Servicer or (ii) such other party identified in the related Request for Release. Upon any such payment in full, or the receipt of such notification that such funds have been placed in escrow, the Master Servicer is authorized to give, as attorney-in-fact for the Trustee as the mortgagee under the Mortgage which secured the Note, an instrument of satisfaction (or assignment of Mortgage without recourse) regarding the Mortgaged Property relating to such Mortgage, which instrument of satisfaction or assignment, as the case may be, shall be delivered to the Person or Persons entitled thereto against receipt therefor

88

of payment in full, it being understood and agreed that no expense incurred in connection with such instrument of satisfaction or assignment, as the case may be, shall be chargeable to the Collection Account. In lieu of executing any such satisfaction or assignment, as the case may be, the Master Servicer may prepare and submit to the Trustee a satisfaction (or assignment without recourse, if requested by the Person or Persons entitled thereto) in form for execution by the Trustee with all requisite information completed by the Master Servicer; in such event, the Trustee shall execute and acknowledge such satisfaction or assignment, as the case may be, and deliver the same with the related File, as aforesaid.

(b) From time to time and as appropriate in the servicing of any Mortgage Loan, including, without limitation, foreclosure or other comparable conversion of a Mortgage Loan or collection under any applicable Insurance Policy, the Trustee shall (except in the case of the payment or liquidation pursuant to which the related File is released to an escrow agent or an employee, agent or attorney of the Trustee), upon request of the Master Servicer and delivery to the Trustee of a Request for Release signed by an Authorized Officer of the Master Servicer, release the related File to the Master Servicer and shall execute such documents as shall be necessary to the prosecution of any such proceedings, including, without limitation, an assignment without recourse of the related Mortgage to the Master Servicer; provided that there shall not be released and unreturned at any one time more than 10% of the entire number of Files. Such receipt shall obligate the Master Servicer to return the File to the Trustee when the need therefor by the Master Servicer no longer exists unless the Mortgage Loan shall be liquidated, in which case, upon receipt of a Request for Release evidencing such liquidation, the receipt shall be released by the Trustee to the Master Servicer.

(c) The Master Servicer shall have the right to accept applications of Mortgagors for consent to (i) partial releases of Mortgages, (ii) alterations,
(iii) removal, demolition or division of properties subject to Mortgages and
(iv) second mortgage subordination agreements. No application for approval shall be considered by the Master Servicer unless: (x) the provisions of the related Note and Mortgage have been complied with; (y) the Loan-to-Value Ratio and debt-to-income ratio after any release does not exceed the maximum Loan-to-Value Ratio and debt-to-income ratio established in accordance with the underwriting standards of the Mortgage Loans and any increase in the Loan-to-Value Ratio shall not exceed 15% unless approved in writing by the Certificate Insurer; and
(z) the lien priority of the related Mortgage is not affected. Upon receipt by the Trustee of an Officer's Certificate executed on behalf of the Master Servicer setting forth the action proposed to be taken in respect of a particular Mortgage Loan and certifying that the criteria set forth in the immediately preceding sentence have been satisfied, the Trustee shall execute and deliver to the Master Servicer the consent or partial release so requested by the Master Servicer. A proposed form of consent or partial release, as the case may be, shall accompany any Officer's Certificate delivered by the Master Servicer pursuant to this paragraph. The Master Servicer shall notify the Certificate Insurer and the Rating Agencies if an application is approved under clause (y) above without approval in writing by the Certificate Insurer.

Section 8.15 Servicing Compensation.

As compensation for its activities hereunder, the Master Servicer shall be entitled to retain the amount of the Servicing Fee with respect to each Mortgage Loan from payments received with respect to the Mortgage Loans. The Master Servicer shall be entitled to retain additional servicing

89

compensation in the form of prepayment charges, release fees, bad check charges, assumption fees, late payment charges, prepayment penalties, or any other servicing-related fees, Prepayment Interest Excess (to the extent not used to offset Prepayment Interest Shortfalls), Net Liquidation Proceeds not required to be deposited in the Collection Account pursuant to Section 8.08(c)(ii) (to the extent not required to be paid to the related Mortgagor under the related Mortgage Loan or applicable law) and similar items, to the extent collected from Mortgagors.

Section 8.16 Annual Statement as to Compliance.

The Master Servicer, at its own expense, will deliver to the Trustee, the Certificate Insurer and the Rating Agencies, on or before March 31 of each year, commencing in 2000, an Officer's Certificate stating, as to each signer thereof,
(i) that a review of the activities of the Master Servicer during such preceding calendar year and of performance under this Agreement has been made under such officers' supervision, (ii) that to the best of such officer's knowledge, based on such review, the Master Servicer has fulfilled all its obligations under this Agreement for such year, or, if there has been a default in the fulfillment of all such obligations, specifying each such default known to such officers and the nature and status thereof including the steps being taken by the Master Servicer to remedy such default, and (iii) the Master Servicer's short-term commercial paper rating.

Section 8.17 Annual Independent Certified Public Accountants' Reports.

(a) On or before March 31 of each year, commencing in 2000, the Master Servicer, at its own expense (or if the Trustee is then acting as Master Servicer, at the expense of the Depositor, which in no event shall exceed $1,000 per annum), shall cause to be delivered to the Trustee, the Certificate Insurer and the Rating Agencies a letter or letters of a firm of independent, nationally recognized certified public accountants reasonably acceptable to the Certificate Insurer and dated as of the date of the Master Servicer's audit for its most recent fiscal year, stating that such firm has examined the Master Servicer's overall servicing operations in accordance with the requirements of the Uniform Single Attestation Program for Mortgage Bankers, and stating such firm's conclusions relating thereto.

(b) As long as Block Financial Corporation is acting as Master Servicer, all references in subsection (a) above to the "Master Servicer" shall be deemed to be references to each Sub-Servicer.

(c) The Master Servicer shall, on behalf of the Trust, prepare, sign and file with the Securities and Exchange Commission any and all reports, statements and information respecting the Trust which the Master Servicer or the Trustee determines are required to be filed with the Securities and Exchange Commission pursuant to Sections 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, each such report, statement and information to be filed on or prior to the required filing date for such report, statement or information. Notwithstanding the foregoing, the Depositor shall file with the Securities and Exchange Commission, within fifteen days of the Startup Day, a Current Report on Form 8-K together with this Agreement.

90

Section 8.18 Access to Certain Documentation and Information Regarding the Mortgage Loans.

The Master Servicer shall provide to the Trustee, the Certificate Insurer and the supervisory agents and examiners of each of the foregoing (which, in the case of supervisory agents and examiners, may be required by applicable state and federal regulations) access to the documentation regarding the Mortgage Loans, such access being afforded without charge but only upon reasonable request and during normal business hours at the offices of the Master Servicer designated by it.

Section 8.19 Merger or Consolidation of the Master Servicer; Assignment.

Subject to the following paragraph, the Master Servicer will keep in full effect its existence, rights and good standing as a corporation under the laws of the State of Delaware and will not jeopardize its ability to do business in each jurisdiction in which one or more of the Mortgaged Properties are located or to protect the validity and enforceability of this Agreement, the Certificates or any of the Mortgage Loans and to perform its respective duties under this Agreement.

The Master Servicer may be merged or consolidated with or into any Person, or transfer all or substantially all of its assets to any Person, in which case any Person resulting from any merger or consolidation to which it shall be a party, or any Person succeeding to its business, shall be the successor of the Master Servicer and shall be deemed to have assumed all of the liabilities of the Master Servicer hereunder, if each of the Rating Agencies has confirmed in writing that such merger, consolidation or transfer and succession shall not result, in and of itself, in a downgrading, withdrawal or qualification of the rating then assigned by such Rating Agency to any Class of Certificates.

Section 8.20 Removal of Master Servicer; Resignation of master Servicer.

(a) The Certificate Insurer (or the Owners, with the consent of the Certificate Insurer pursuant to Section 6.11 hereof) may direct the Trustee to remove the Master Servicer upon the occurrence of any of the following events:

(i) The Master Servicer shall (A) apply for or consent to the appointment of a receiver, trustee, liquidator or custodian or similar entity with respect to itself or its property, (B) admit in writing its inability to pay its debts generally as they become due, (C) make a general assignment for the benefit of creditors, (D) be adjudicated a bankrupt or insolvent, (E) commence a voluntary case under the federal bankruptcy laws of the United States of America or file a voluntary petition or answer seeking reorganization, an arrangement with creditors or an order for relief or seeking to take advantage of any insolvency law or file an answer admitting the material allegations of a petition filed against it in any bankruptcy, reorganization or insolvency proceeding or (F) take corporate action for the purpose of effecting any of the foregoing; or

(ii) If without the application, approval or consent of the Master Servicer, a proceeding shall be instituted in any court of competent jurisdiction, under any law relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking in respect of the

91

Master Servicer an order for relief or an adjudication in bankruptcy, reorganization, dissolution, winding up, liquidation, a composition or arrangement with creditors, a readjustment of debts, the appointment of a trustee, receiver, liquidator or custodian or similar entity with respect to the Master Servicer or of all or any substantial part of its assets, or other like relief in respect thereof under any bankruptcy or insolvency law, and, if such proceeding is being contested by the Master Servicer in good faith, the same shall (A) result in the entry of an order for relief or any such adjudication or appointment or (B) continue undismissed or pending and unstayed for any period of seventy-five (75) consecutive days; or

(iii) The Master Servicer shall fail to perform in any material respect any one or more of its obligations hereunder and shall continue in default thereof for a period of thirty (30) days (or with respect to a failure by the Master Servicer to remit the Monthly Remittance Amount to the Trustee as provided in Section 8.08(d)(ii)(a) which failure continues unremedied for two Business Days following the receipt of written notice by an Authorized Officer of such servicer from the Trustee or from any Owner) after the earlier of (A) actual knowledge of an officer of the Master Servicer or (B) receipt of notice from the Trustee or the Certificate Insurer of said failure; provided, however, that if the Master Servicer can demonstrate to the reasonable satisfaction of the Certificate Insurer that it is diligently pursuing remedial action, then the cure period may be extended with the written approval of the Certificate Insurer; or

(iv) The Master Servicer shall fail to cure any breach of any of its representations and warranties set forth in Section 3.02 which materially and adversely affects the interests of the Owners or the Certificate Insurer for a period of sixty (60) days after the earlier of the Master Servicer's discovery or receipt of notice thereof; provided, however, that if the Master Servicer can demonstrate to the reasonable satisfaction of the Certificate Insurer that it is diligently pursuing remedial action, then the cure period may be extended with the written approval of the Certificate Insurer; or

(v) The merger, consolidation or other combination of the Master Servicer with or into any other entity, unless such merger, consolidation or other combination is in accordance with Section 8.19; or

(vi) The breach by the Seller, as long as the Seller is an affiliate of the Master Servicer, of the covenant to (A) substitute a Qualified Replacement Mortgage Loan and deliver the Substitution Adjustment to the Master Servicer for deposit in the Collection Account or (B) purchase a Mortgage Loan, pursuant to Section 3.04(b).

(b) The Certificate Insurer may instruct the Trustee to remove the Master Servicer upon (i) the failure by the Master Servicer to make any required Servicing Advance when due or (ii) the failure of the Master Servicer to make any required Delinquency Advance or to pay any Compensating Interest when due.

92

The Certificate Insurer may also remove the Master Servicer upon the failure of the Master Servicer to satisfy the Servicer Termination Test or upon any breach of the Master Servicer's obligations under Section 5.08(d).

(c) If any event described in subsection (b) above occurs and is continuing, the Certificate Insurer may terminate the Master Servicer in accordance with this Section and the Trustee shall act as successor Master Servicer.

The Certificate Insurer agrees to use its best efforts to inform the Trustee of any materially adverse information regarding the Master Servicer's servicing activities that comes to the attention of the Certificate Insurer from time to time.

(d) If any event described in sections (a) and (b) above occurs and is continuing, the Certificate Insurer shall notify the Owners of the Class R Certificates in writing if the Certificate Insurer intends to terminate the Master Servicer in its capacity as Master Servicer under this Agreement.

(e) The Master Servicer may assign its rights and delegate its duties and obligations under this Agreement in connection with the sale or transfer of a substantial portion of its mortgage servicing or asset management portfolio, provided that: (i) the purchaser or transferee accepting such assignment and delegation (A) shall be satisfactory to the Trustee and the Certificate Insurer, (B) shall be (I) an established mortgage finance institution, bank or mortgage servicing institution, organized and doing business under the laws of the United States, any state thereof or the District of Columbia, authorized under such laws to perform the duties of a servicer of mortgage loans or (II) a Person resulting from a merger, consolidation or succession that is permitted under
Section 8.19, and (C) shall execute and deliver to the Trustee and the Certificate Insurer an agreement, in form and substance reasonably satisfactory to the Trustee and the Certificate Insurer, which contains an assumption by such Person of the due and punctual performance and observance of each covenant and condition to be performed or observed by the Master Servicer under this Agreement from and after the date of such agreement; (ii) as evidenced by a letter from each Rating Agency delivered to the Trustee and the Certificate Insurer, each Rating Agency's rating or ratings of the Certificates in effect immediately prior to such assignment and delegation will not be qualified, downgraded or withdrawn as a result of such assignment and delegation; (iii) the Master Servicer shall not be released from its obligations under this Agreement that arose prior to the effective date of such assignment and delegation under this Section 8.20(e); and (iv) the rate at which the Servicing Fee (or any component thereof) is calculated shall not exceed the rate in effect prior to such assignment and delegation. Upon acceptance of such assignment and delegation, the purchaser or transferee shall be the successor Master Servicer hereunder. The Master Servicer shall not resign from the obligations and duties imposed on it pursuant to this Agreement, except upon determination that its duties hereunder are no longer permissible under applicable law or are in material conflict by reason of applicable law with any other activities carried on by it, the other activities of the Master Servicer so causing such a conflict being of a type and nature carried on by the Master Servicer at the date of this Agreement. Any such determination permitting the resignation of the Master Servicer shall be evidenced by an independent opinion of counsel to such effect which shall be delivered to the Trustee and the Certificate Insurer.

93

(f) No removal or resignation of the Master Servicer shall become effective until the Trustee or a successor Master Servicer (such successor Master Servicer to be reasonably approved by the Certificate Insurer) shall have assumed the Master Servicer's responsibilities and obligations in accordance with this Section.

(g) Upon removal or resignation of the Master Servicer, the Master Servicer at its own expense also shall promptly deliver or cause to be delivered to a successor servicer or the Trustee all the books and records (including, without limitation, records kept in electronic form) that the Master Servicer has maintained for the Mortgage Loans, including all tax bills, assessment notices, insurance premium notices and all other documents as well as all original documents then in the Master Servicer's possession.

(h) Any collections then being held by the Master Servicer prior to its removal and any collections received by the Master Servicer after removal or resignation shall be endorsed by it to the Trustee and remitted directly and immediately to the successor Master Servicer.

(i) Upon removal or resignation of the Master Servicer, the Trustee (x) may solicit bids for a successor servicer as described below, and (y) pending the appointment of a successor servicer as a result of soliciting such bids, shall serve as Master Servicer. The Trustee shall, if it is unable to obtain a qualifying bid and is prevented by law from acting as Master Servicer, appoint, or petition a court of competent jurisdiction to appoint, any housing and home finance institution, bank or mortgage servicing institution which has been designated as an approved seller-servicer by FNMA or FHLMC for first and second mortgage loans and having equity of not less than $1,500,000 (or such lower level as may be acceptable to the Certificate Insurer), as determined in accordance with generally accepted accounting principles and acceptable to the Certificate Insurer and the Owners of the Class R Certificates (provided that if the Certificate Insurer and such Owners cannot agree within a reasonable period of time as to the acceptability of such successor Master Servicer, the decision of the Certificate Insurer shall control) as the successor to the Master Servicer hereunder in the assumption of all or any part of the responsibilities, duties or liabilities of the Master Servicer hereunder. The compensation of any successor Master Servicer (including, without limitation, the Trustee) so appointed shall be the aggregate Servicing Fee, together with the other servicing compensation in the form of assumption fees, late payment charges or otherwise as provided in Sections 8.08 and 8.15; provided, however, that if the Trustee acts as successor Master Servicer then the Master Servicer agrees to pay to the Trustee at such time that the Trustee becomes such successor Master Servicer a set-up fee of twenty-five dollars ($25.00) for each Mortgage Loan then included in the Trust Estate. The Trustee shall be obligated to serve as successor Master Servicer whether or not the fee described in the preceding sentence is paid by the Seller, but shall in any event be entitled to receive, and to enforce payment of, such fee from the Seller.

(j) In the event the Trustee solicits bids as provided above, the Trustee shall solicit, by public announcement, bids from housing and home finance institutions, banks and mortgage servicing institutions meeting the qualifications set forth above. Such public announcement shall specify that the successor Master Servicer shall be entitled to the full amount of the aggregate Servicing Fees as servicing compensation, together with the other servicing compensation in the form of assumption fees, late payment charges or otherwise as provided in Sections 8.08 and 8.15. Within thirty days after any such public announcement, the Trustee shall negotiate and effect the

94

sale, transfer and assignment of the servicing rights and responsibilities hereunder to the qualified party submitting the highest satisfactory bid as to the price they will pay to obtain servicing. The Trustee shall deduct from any sum received by the Trustee from the successor Master Servicer in respect of such sale, transfer and assignment all costs and expenses of any public announcement and of any sale, transfer and assignment of the servicing rights and responsibilities hereunder. After such deductions, the remainder of such sum less any amounts due the Trustee or the Trust from the Master Servicer shall be paid by the Trustee to the removed Master Servicer at the time of such sale, transfer and assignment to the successor Master Servicer.

(k) The Trustee and such successor Master Servicer shall take such action, consistent with this Agreement, as shall be necessary to effectuate any such succession, including the notification to all Mortgagors of the transfer of servicing. The Master Servicer agrees to cooperate with the Trustee and any successor Master Servicer in effecting the termination of the Master Servicer's servicing responsibilities and rights hereunder and shall promptly provide the Trustee or such successor Master Servicer, as applicable, all documents and records reasonably requested by it to enable it to assume the Master Servicer's functions hereunder and shall promptly also transfer to the Trustee or such successor Master Servicer, as applicable, all amounts which then have been or should have been deposited in the Collection Account by the Master Servicer or which are thereafter received with respect to the Mortgage Loans. Neither the Trustee nor any other successor Master Servicer shall be held liable by reason of any failure to make, or any delay in making, any distribution hereunder or any portion thereof caused by (i) the failure of the Master Servicer to deliver, or any delay in delivering, cash, documents or records to it, or (ii) restrictions imposed by any regulatory authority having jurisdiction over the Master Servicer. Subject to subsection (j), if the Master Servicer resigns or is replaced hereunder, the Master Servicer agrees to reimburse the Trust, the Owners and the Certificate Insurer for the costs and expenses associated with the transfer of servicing to the replacement Master Servicer; provided, however, that the Master Servicer shall be responsible for making such reimbursement in an amount not to exceed the first $25.00 of such reimbursement for each Mortgage Loan then included in the Trust Estate; provided, further, that any reimbursement amount in excess of such first $25.00 for each such Mortgage Loan shall be paid 50% by the Master Servicer and 50% by the successor Master Servicer.

(l) The Trustee or any other successor Master Servicer, upon assuming the duties of Master Servicer hereunder, shall immediately make all required Delinquency Advances and deposit them to the Collection Account which the Master Servicer has theretofore failed to remit with respect to the Mortgage Loans; provided, however, that if the Trustee is acting as successor Master Servicer, the Trustee shall only be required to make Delinquency Advances (including the Delinquency Advances described in this clause (l)) if, in the Trustee's reasonable good faith judgment, such Delinquency Advances will ultimately be recoverable from the Mortgage Loans. Notwithstanding the above, or anything in this Section to the contrary, the Trustee, if it becomes Master Servicer pursuant to this Section, shall have no responsibility or obligation (i) to repurchase or substitute any Mortgage Loan, (ii) for any representation or warranty of the Master Servicer hereunder, (iii) for any unsatisfied liability of the Master Servicer pursuant to Section 8.11, (iv) for losses on Permitted Investments directed by any other Master Servicer and (v) for any act or omission of either a predecessor or successor Master Servicer other than the Trustee.

95

(m) The Trustee shall give notice to the Certificate Insurer, to the Mortgagors, to Moody's and to Standard & Poor's of the transfer of the servicing to the successor Master Servicer.

(n) The Trustee shall give notice to the Certificate Insurer, the Owners, the Trustee, the Seller, Moody's and Standard & Poor's of the occurrence of any event described in paragraphs (a) or (b) above of which the Trustee is aware.

Section 8.21 Inspections by Certificate Insurer; Errors and Omissions Insurance.

(a) Upon reasonable notice, the Trustee, the Certificate Insurer or any agents thereof may inspect the Master Servicer's servicing operations and discuss the servicing operations of the Master Servicer during the Master Servicer's normal business hours with any of its officers or directors; provided, however, that the costs and expenses incurred by the Master Servicer or its agents or representatives in connection with any such examinations or discussions shall be paid by the Master Servicer.

(b) The Master Servicer agrees to maintain errors and omissions coverage and a fidelity bond, each at least to the extent required by Section 305 of Part I of the FNMA Guide or any successor provision thereof; provided, however, that if the Trustee shall become the Master Servicer, any customary insurance coverage that the Trustee maintains shall be deemed sufficient hereunder; provided, further, that in the event that the fidelity bond or the errors and omissions coverage is no longer in effect, the Trustee shall promptly give such notice to the Certificate Insurer and the Owners. Upon the request of the Trustee or the Certificate Insurer, the Master Servicer shall cause to be delivered to such requesting Person a certified true copy of such fidelity bond or errors and omissions policy.

ARTICLE IX

TERMINATION OF TRUST

Section 9.01 Termination of Trust.

The Trust created hereunder and all obligations created by this Agreement will terminate upon the payment to the Owners of all Certificates, from amounts other than those available under the Certificate Insurance Policy, of all amounts held by the Trustee and required to be paid to such Owners pursuant to this Agreement upon the latest to occur of (a) the final payment or other liquidation of the last Mortgage Loan in the Trust Estate, (b) the disposition of all property acquired in respect of any Mortgage Loan remaining in the Trust Estate, (c) at any time when a Qualified Liquidation of both Mortgage Loan Groups included within the Trust is effected as described below and (d) the final payment to the Certificate Insurer of all amounts then owing to it. To effect a termination of this Agreement pursuant to clause (c) above, the Owners of a majority in Percentage Interest represented by the Class A Certificates then Outstanding shall (i) direct the Trustee on behalf of the Trust to adopt a plan of complete liquidation for each of the Mortgage Loan Groups, as contemplated by Section 860F(a)(4) of the Code and (ii) provide to the Trustee an opinion of counsel experienced in federal income tax matters acceptable to the Certificate Insurer and the

96

Trustee to the effect that each such liquidation constitutes a Qualified Liquidation, and the Trustee either shall sell the Mortgage Loans and distribute the proceeds of the liquidation of the Trust Estate, or shall distribute equitably in kind all of the assets of the Trust Estate to the remaining Owners of the Certificates each in accordance with such plan, so that the liquidation or distribution of the Trust Estate, the distribution of any proceeds of the liquidation and the termination of this Agreement occur no later than the close of the 90th day after the date of adoption of the plan of liquidation and such liquidation qualifies as a Qualified Liquidation. In no event, however, will the Trust created by this Agreement continue beyond the earlier of (i) the expiration of twenty-one (21) years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of Saint James's, living on the date hereof and (ii) the Latest Possible Maturity Date. The Trustee shall give written notice of termination of this Agreement to each Owner in the manner set forth in Section 11.05.

Section 9.02 Termination upon Option of Owners of Class R Certificates and Master Servicer.

(a) On any Monthly Remittance Date on or after the Optional Termination Date, the Class R Optionholder may determine to purchase and may cause the purchase from the Trust of all (but not fewer than all) Mortgage Loans and all property theretofore acquired in respect of any Mortgage Loan by foreclosure, deed in lieu of foreclosure, or otherwise then remaining in the Trust Estate on terms agreed upon between the Certificate Insurer and the Class R Optionholder at a price no less than the Minimum Termination Amount. In connection with such purchase, the Master Servicer shall remit to the Trustee all amounts then on deposit in the Collection Account for deposit to the Distribution Account, which deposit shall be deemed to have occurred immediately preceding such purchase. The Master Servicer shall indemnify the Certificate Insurer for any claims under the Certificate Insurance Policies for the exercise of such option.

(b) In addition to the foregoing, following the Optional Termination Date, on or after the first Monthly Remittance Date on which the aggregate of the Loan Balances of the Mortgage Loans is less than 5% of the Original Aggregate Loan Balance, the Master Servicer may determine to purchase and may cause the purchase from the Trust of all (but not fewer than all) Mortgage Loans and all property theretofore acquired in respect of any Mortgage Loan by foreclosure, deed in lieu of foreclosure, or otherwise then remaining in the Trust Estate at terms agreed upon between the Certificate Insurer and the Master Servicer, at a price no less than the Minimum Termination Amount. The Master Servicer shall indemnify the Certificate Insurer for any claims under the Certificate Insurance Policies for the exercise of such option.

(c) In connection with any such purchase, such Class R Optionholder or the Master Servicer, as applicable, shall adopt and the Trustee shall adopt, as to the Trust, a plan of complete liquidation for both of the Mortgage Loan Groups as contemplated by Section 860F(a)(4) of the Code and shall provide to the Trustee an opinion of counsel experienced in federal income tax matters acceptable to the Trustee to the effect that such purchase and liquidation constitutes, as to the Trust, a Qualified Liquidation. In addition, such Class R Optionholder, the Master Servicer or the Certificate Insurer, as applicable, shall provide to the Trustee an opinion of counsel acceptable to the Trustee to the effect that such purchase and liquidation does not constitute a preference payment pursuant to the United States Bankruptcy Code.

97

(d) Promptly following any purchase described in this Section 9.02, the Trustee will release the Files to the Owners of such Class R Certificates or the Master Servicer, as the case may be, or otherwise upon their order, in a manner similar to that described in Section 8.14 hereof.

Section 9.03 Termination Auction.

The Trustee shall, in accordance with the procedures and schedule set forth in Exhibit K hereto (the "Auction Procedures") and upon written notice from the Master Servicer, make a commercially reasonable effort to sell at fair market value in a commercially reasonable manner and upon commercially reasonable terms, by conducting an auction (the "Termination Auction") of the Mortgage Loans remaining in the Trust in order to effect a termination of the Trust on a date selected by the Trustee (the "Auction Date"), but in any case within ninety days following the Optional Termination Date. The Seller and the Master Servicer may, but shall not be required to, bid at the Termination Auction. The Trustee shall be entitled to retain counsel of its choice to represent it in the Termination Auction, and the fees and expenses of such counsel shall be paid by the Seller. The Trustee shall sell and transfer the Mortgage Loans to the highest bidder therefor at the Termination Auction provided that:

(1) the Termination Auction has been conducted in accordance with the Auction Procedures;

(2) the Trustee has received good faith bids for the Mortgage Loans from at least two prospective purchasers that are considered by the Trustee, in its sole discretion, to be competitive participants in the market for mortgage loans similar to the Mortgage Loans and willing and able purchasers of the Mortgage Loans; provided, that at least one of such prospective purchasers shall not be the Seller or an affiliate of the Seller;

(3) a financial advisor selected by the Trustee, the fees of whom shall be an expense of the Seller, as advisor to the Trustee (in such capacity, the "Advisor"), shall have advised the Trustee in writing that at least two of such bidders are participants in the market for mortgage loans and are willing and able to purchase the Mortgage Loans (the Trustee may in its discretion select itself or an affiliate thereof as Advisor);

(4) the highest bid in respect of the Mortgage Loans is not less than the aggregate fair market value of the Mortgage Loans (as determined by the Trustee in its sole discretion);

(5) any bid submitted by the Seller or any affiliate thereof shall be independently verified and represented in writing by a qualified independent third party evaluator (which may include the Advisor or an investment banking firm) selected by the Trustee and may only be considered if such evaluator determines that the bid reasonably represents the fair market value of the Mortgage Loans;

(6) the highest bid would result in proceeds from the sale of the Mortgage Loans which will be at least equal to the Minimum Termination Amount;

98

(7) such sale and consequent termination of the Trust must constitute a "qualified liquidation" of the Trust under Section 860F of the Code, including the requirement that such qualified liquidation take place over a period not to exceed 90 days (the Trustee may, in its discretion, require that the purchaser of such Mortgage Loans provide an opinion of counsel to that effect); and

(8) the terms of the Termination Auction must be made available to all bidders and must stipulate that the Master Servicer be retained to service the Mortgage Loans on terms substantially similar to those in this Agreement.

Provided that all of the conditions set forth in clauses (1) through (8) have been met, the Trustee shall sell and transfer the Mortgage Loans, without representation, warranty or recourse of any kind whatsoever, to such highest bidder in accordance with and upon completion of the Auction Procedures. The Trustee shall deposit the purchase price for the Mortgage Loans in the Distribution Account at least one Business Day prior to the fourth Distribution Date following the Optional Termination Date. In the event that any of such conditions are not met or such highest bidder fails or refuses to comply with any of the Auction Procedures, the Trustee shall decline to consummate such sale and transfer. In such case, the Termination Auction shall be concluded and the Trustee shall be under no further duty to solicit bids for or otherwise to attempt to sell the Mortgage Loans. The Master Servicer shall indemnify the Certificate Insurer for any claim under the Certificate Insurance Policies due to the exercise of this sale right.

Section 9.04 Termination upon Loss of REMIC Status.

(a) Following a final determination by the Internal Revenue Service or by a court of competent jurisdiction, in either case from which no appeal is taken within the permitted time for such appeal or, if any appeal is taken, following a final determination of such appeal from which no further appeal can be taken, to the effect that the Trust does not and will no longer qualify as a REMIC pursuant to Section 860D of the Code (the "Final Determination"), at any time on or after the date which is 30 calendar days following such Final Determination
(i) the Certificate Insurer or the Owners of a majority in Percentage Interests represented by the Class A Certificates then Outstanding with the consent of the Certificate Insurer may direct the Trustee on behalf of the Trust to adopt a plan of complete liquidation, as contemplated by Section 860F(a)(4) of the Code or (ii) the Master Servicer or the Certificate Insurer may notify the Trustee of the Master Servicer's or the Certificate Insurer's, as applicable, determination to purchase from the Trust all (but not fewer than all) Mortgage Loans and all property theretofore acquired by foreclosure, deed in lieu of foreclosure, or otherwise then remaining in the Trust Estate at a price equal to the sum of (w) the greater of (I) 100% of the aggregate Loan Balances of the Mortgage Loans as of the day of purchase minus amounts remitted from the Collection Account representing collections of principal on the Mortgage Loans during the current Due Period, and (II) the fair market value of such Mortgage Loans (disregarding accrued interest), (x) one month's interest on such amount computed at the Adjusted Pass-Through Rate, (y) the aggregate amount of any unreimbursed Delinquency Advances and Servicing Advances and the interest portion of any Delinquency Advances which the Master Servicer has theretofore failed to remit and (z) any Reimbursement Amounts due and owing to the Certificate Insurer.

99

Upon receipt of such direction or notice, the Trustee shall notify the Owners of the Class R Certificates of such election to liquidate or such determination to purchase, as the case may be (the "Termination Notice"). The Owners of a majority of the Percentage Interests of the Class R Certificates then Outstanding may, within 60 days from the date of receipt of the Termination Notice (the "Purchase Option Period"), at their option, purchase from the Trust all (but not fewer than all) Mortgage Loans and all property theretofore acquired by foreclosure, deed in lieu of foreclosure, or otherwise then remaining in the Trust Estate at a purchase price equal to the aggregate Loan Balances of all Mortgage Loans as of the date of such purchase, plus (a) one month's interest on such amount at the Adjusted Pass-Through Rate, (b) the aggregate amount of any unreimbursed Delinquency Advances and Servicing Advances and (c) the interest portion of any Delinquency Advances which the Master Servicer has theretofore failed to remit. If, during the Purchase Option Period, the Owners of the Class R Certificates have not exercised the option described in the immediately preceding sentence, then upon the expiration of the Purchase Option Period (i) in the event that neither the Master Servicer nor the Certificate Insurer have elected to purchase the Mortgage Loans, the Trustee shall sell the Mortgage Loans and distribute the proceeds of the liquidation of the Trust Estate, each in accordance with the plan of complete liquidation, such that, if so directed, the liquidation of the Trust Estate, the distribution of the proceeds of the liquidation and the termination of this Agreement occur no later than the close of the 60th day, or such later day as the Certificate Insurer or the Owners of the Class A Certificates with the consent of the Certificate Insurer shall permit or direct in writing, after the expiration of the Purchase Option Period and (ii) in the event that the Master Servicer or the Certificate Insurer, as applicable, has given the Trustee notice of the Master Servicer's or the Certificate Insurer's determination to purchase the Trust Estate, the Master Servicer or the Certificate Insurer shall, within 60 days, purchase all (but not fewer than all) Mortgage Loans and all property theretofore acquired by foreclosure, deed in lieu of foreclosure or otherwise then remaining in the Trust Estate for the price calculated as described in clause (ii) of the first paragraph of this Section 9.04(a). In connection with such purchase, the Master Servicer shall remit to the Trustee all amounts then on deposit in the Collection Account for deposit to the Distribution Account, which deposit shall be deemed to have occurred immediately preceding such purchase.

(b) Following a Final Determination, the Owners of a majority of the Percentage Interests of the Class R Certificates then Outstanding may, at their option and upon delivery to the Certificate Insurer of an opinion of counsel experienced in federal income tax matters acceptable to the Certificate Insurer selected by the Owners of the Class R Certificates, which opinion shall be reasonably satisfactory in form and substance to the Certificate Insurer, to the effect that the effect of the Final Determination is to increase substantially the probability that the gross income of the Trust will be subject to federal taxation, purchase from the Trust all (but not fewer than all) Mortgage Loans and all property theretofore acquired by foreclosure, deed in lieu of foreclosure, or otherwise then remaining in the Trust Estate at a purchase price equal to the aggregate Loan Balances of all Mortgage Loans as of the date of such purchase, plus (a) one month's interest on such amount computed at the Adjusted Pass-Through Rate, (b) the aggregate amount of unreimbursed Delinquency Advances and (c) any Delinquency Advances which the Master Servicer has theretofore failed to remit and any Reimbursement Amounts due the Certificate Insurer. In connection with such purchase, the Master Servicer shall remit to the Trustee all amounts then on deposit in the Collection Account for deposit to the Distribution Account, which deposit shall be

100

deemed to have occurred immediately preceding such purchase. The foregoing opinion shall be deemed satisfactory unless the Certificate Insurer gives the Owners of a majority of the Percentage Interests of the Class R Certificates notice that such opinion is not satisfactory within thirty days after receipt of such opinion. In connection with any such purchase, such Owners shall direct the Trustee to adopt a plan of complete liquidation as contemplated by Section 860F(a)(4) of the Code and shall provide to the Trustee an opinion of counsel experienced in federal income tax matters to the effect that such purchase constitutes a Qualified Liquidation.

Section 9.05 Disposition of Proceeds.

The Trustee shall, upon receipt thereof, deposit the proceeds of any liquidation of the Trust Estate pursuant to this Article IX to the Distribution Account; provided, however, that any amounts representing unreimbursed Delinquency Advances and Servicing Advances theretofore funded by the Master Servicer from the Master Servicer's own funds shall be paid by the Trustee to the Master Servicer from the proceeds of the Trust Estate.

ARTICLE X

THE TRUSTEE

Section 10.01 Certain Duties and Responsibilities.

(a) The Trustee (i) undertakes to perform such duties and only such duties as are specifically set forth in this Agreement, and no implied covenants or obligations shall be read into this Agreement against the Trustee, and (ii) in the absence of bad faith on its part, may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished pursuant to and conforming to the requirements of this Agreement; but in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Agreement.

(b) Notwithstanding the appointment of the Master Servicer hereunder, the Trustee is hereby empowered to perform the duties of the Master Servicer, it being expressly understood, however, that the foregoing describes a power and not an obligation of the Trustee, and that all parties hereto agree that, prior to any termination of the Master Servicer, the Master Servicer and, thereafter, the Trustee or any other successor Master Servicer shall perform such duties. Specifically, and not in limitation of the foregoing, the Trustee shall, upon termination or resignation of the Master Servicer and pending the appointment of any other Person as successor Master Servicer, have the power and duty during its performance as successor Master Servicer:

(i) to collect Mortgagor payments;

(ii) to foreclose on defaulted Mortgage Loans;

101

(iii) to enforce due-on-sale clauses and to enter into assumption and substitution agreements as permitted by Section 8.12 hereof;

(iv) to deliver instruments of satisfaction pursuant to Section 8.14;

(v) to enforce the Mortgage Loans; and

(vi) to make Delinquency Advances and Servicing Advances and to pay Compensating Interest.

(c) No provision of this Agreement shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

(i) this subsection shall not be construed to limit the effect of subsection (a) of this Section;

(ii) the Trustee shall not be personally liable for any error of judgment made in good faith by an Authorized Officer of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; and

(iii) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with any direction given pursuant to Section 6.11.

(d) Whether or not therein expressly so provided, every provision of this Agreement relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section.

(e) No provision of this Agreement shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. None of the provisions contained in this Agreement shall in any event require the Trustee to perform, or be responsible for the manner of performance of, any of the obligations of the Master Servicer under this Agreement, except during such time, if any, as the Trustee shall be the successor to, and be vested with the rights, duties, powers and privileges of, the Master Servicer in accordance with the terms of this Agreement.

(f) The permissive right of the Trustee to take actions enumerated in this Agreement shall not be construed as a duty and the Trustee shall not be answerable for other than its own negligence or willful misconduct.

(g) The Trustee shall be under no obligation to institute any suit, or to take any remedial proceeding under this Agreement, or to take any steps in the execution of the trusts hereby created or in the enforcement of any rights and powers hereunder until it shall be indemnified to its

102

satisfaction against any and all costs and expenses, outlays and counsel fees and other reasonable disbursements and against all liability, except liability which is adjudicated to have resulted from its negligence or willful misconduct, in connection with any action so taken.

(h) Upon the direction of the Certificate Insurer, the Trustee hereby agrees to oppose any attempt to treat the Mortgage Loans as the property of the estate of the Seller, the Master Servicer or the Depositor.

(i) In connection with any offset defenses, or affirmative claim for recovery, asserted in legal actions brought by Mortgagors under one or more Mortgage Loans based upon provisions therein or upon other rights or remedies arising from any requirements of law applicable to the Mortgage Loans:

(i) the Trustee is the holder of the Mortgage Loans only as trustee on behalf of the holders of the Certificates, and not as a principal or in any individual or personal capacity;

(ii) subject to the other provisions of this Section 10.01, the Trustee shall not be personally liable for, or obligated to pay Mortgagors, any affirmative claims asserted thereby, or responsible to holders of the Certificates for any offset defense amounts applied against Mortgage Loan payments, pursuant to such legal actions;

(iii)the Trustee will pay, solely from available Trust Estate money, affirmative claims for recovery by Mortgagors only pursuant to final judicial orders or judgments, or judicially-approved settlement agreements, resulting from such legal actions.

(iv) the Trustee will comply with judicial orders and judgments which require its actions or cooperation in connection with Mortgagors' legal actions to recover affirmative claims against holders of the Certificates; and

(v) subject to Section 10.01(e), the Trustee will cooperate with and assist the Depositor, the Master Servicer, the Seller or holders of the Certificates in their defense of legal actions by third parties to recover affirmative claims if such cooperation and assistance is not contrary to the interests of the Trustee as a party to such legal actions.

Section 10.02 Removal of Trustee for Cause.

(a) The Trustee may be removed pursuant to paragraph (b) hereof upon the occurrence of any of the following events (whatever the reason for such event and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

(1) the Trustee shall fail to distribute to the Owners entitled hereto on any Distribution Date amounts available for distribution in accordance with the terms hereof; provided, however, that any such failure which is due to circumstances beyond the control of the Trustee shall not be a cause for removal hereunder; or

103

(2) the Trustee shall breach or fail in the performance of any covenant or agreement of the Trustee in this Agreement, or if any representation or warranty of the Trustee made in this Agreement or in any certificate or other writing delivered pursuant hereto or in connection herewith shall prove to be incorrect in any material respect as of the time when the same shall have been made, and such failure or breach shall continue or not be cured for a period of 30 days after there shall have been given, by registered or certified mail, to the Trustee by the Seller, the Certificate Insurer, or by the Owners of at least 25% of the aggregate Percentage Interests in the Trust Estate represented by the Class A Certificates then Outstanding, or, if there are no Class A Certificates then Outstanding, by the Owners of such Percentage Interests represented by Class R Certificates, a written notice specifying such failure or breach and requiring it to be remedied; or

(3) a decree or order of a court or agency or supervisory authority having jurisdiction for the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Trustee, and such decree or order shall have remained in force undischarged or unstayed for a period of 75 days; or

(4) a conservator or receiver or liquidator or sequestrator or custodian of the property of the Trustee is appointed in any insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceedings of or relating to the Trustee or relating to all or substantially all of its property; or

(5) the Trustee shall become insolvent (however insolvency is evidenced), generally fail to pay its debts as they come due, file or consent to the filing of a petition to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, voluntarily suspend payment of its obligations, or take corporate action for the purpose of any of the foregoing; or

(6) the Trustee shall (i) delegate or assign the execution of its trusts or powers or the performance of its duties under Sections 7.02(c), 7.02(d), 7.03(c), 7.09 or 11.16 of this Agreement, or (ii) resume the execution of its trusts or powers or the performance of its duties under Sections 7.02(c), 7.02(d), 7.03(c), 7.09 or 11.16 of this Agreement after having previously delegated or assigned such execution or performance, in either case without the prior written consent of the Master Servicer.

The Depositor shall give to the Certificate Insurer, Moody's and Standard & Poor's notice of the occurrence of any such event of which the Depositor is aware.

(b) If any event described in paragraph (a) occurs and is continuing, then and in every such case (i) the Certificate Insurer or (ii) with the prior written consent (which shall not be unreasonably withheld) of the Certificate Insurer, the Master Servicer and the Owners of a majority of the Percentage Interests represented by the Class A Certificates or if there are no Class A Certificates then Outstanding by the Owners of a majority of the Percentage Interests represented by the Class R

104

Certificates, may, whether or not the Trustee resigns pursuant to Section 10.09(b) hereof, concurrently with the giving of notice to the Trustee, and without delaying the 30 days required for notice therein, appoint a successor Trustee pursuant to the terms of Section 10.09 hereof.

(c) To the extent of any costs incurred in removing the Trustee which are not recovered from the former Trustee, such costs will be payable pursuant to
Section 2.05 hereof.

Section 10.03 Certain Rights of the Trustee.

Except as otherwise provided in Section 10.01 hereof:

(a) the Trustee may rely and shall be protected in acting or refraining from acting based upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, note or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties;

(b) any request or direction of the Depositor, the Seller, the Certificate Insurer, or the Owners of any Class of Certificates mentioned herein shall be sufficiently evidenced in writing;

(c) whenever in the administration of this Agreement the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, rely upon an Officer's Certificate;

(d) the Trustee may consult with counsel, and the written advice of such counsel (selected in good faith by the Trustee) or any opinion of counsel delivered to the Trustee hereunder shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reasonable reliance thereon;

(e) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Agreement at the request or direction of any of the Certificate Insurer or the Owners pursuant to this Agreement, unless the Certificate Insurer or such Owners shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction;

(f) the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, note or other paper or document, but the Trustee in its discretion may make such further inquiry or investigation into such facts or matters as it may see fit;

(g) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents, affiliates, attorneys or custodians; provided, however, that the Trustee shall not (i) delegate or assign the execution of any of its trusts or powers or the performance of its duties under Sections 7.02(c), 7.02(d), 7.03(c), 7.09 or 11.16 of this Agreement or (ii) resume the execution of any of its trusts or powers or the performance of its duties under Sections 7.02(c), 7.02(d), 7.03(c), 7.09 or 11.16 of this Agreement after having previously

105

delegated or assigned such execution or performance, in either case without the prior written consent of the Master Servicer;

(h) the Trustee shall not be liable for any action it takes or omits to take in good faith which it reasonably believes to be authorized by the Authorized Officer of any Person or within its rights or powers under this Agreement other than as to validity and sufficiency of its authentication of the Certificates;

(i) the right of the Trustee to perform any discretionary act enumerated in this Agreement shall not be construed as a duty, and the Trustee shall not be answerable for other than its negligence or willful misconduct in the performance of such act;

(j) pursuant to the terms of this Agreement, the Master Servicer is required to furnish to the Trustee from time to time certain information and to make various calculations which are relevant to the performance of the Trustee's duties under this Agreement. The Trustee shall be entitled to rely in good faith on any such information and calculations in the performance of its duties hereunder, (i) unless and until an Authorized Officer of the Trustee has actual knowledge, or is advised by the Certificate Insurer or any Owner of a Certificate (either in writing or orally with prompt written or facsimile confirmation), that such information or calculations is or are incorrect, or
(ii) unless there is a manifest error in any such information; and

(k) the Trustee shall not be required to give any bond or surety in respect of the execution of the Trust Estate created hereby or the powers granted hereunder.

Section 10.04 Not Responsible for Recitals or Issuance of Certificates.

The recitals and representations contained herein and in the Certificates, except any such recitals and representations relating to the Trustee, shall be taken as the statements of the Depositor and the Trustee assumes no responsibility for their correctness. The Trustee makes no representation as to the validity or sufficiency of this Agreement, of the Certificates, or any Mortgage Loan or document related thereto other than as to validity and sufficiency of its authentication of the Certificates. The Trustee shall not be accountable for the use or application by the Depositor of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to the Depositor, the Seller or the Master Servicer in respect of the Mortgage Loans or deposited into or withdrawn from the Collection Account by the Depositor, the Master Servicer or the Seller, and shall have no responsibility for filing any financing or continuation statement in any public office at any time or otherwise to perfect or maintain the perfection of any security interest or lien or to prepare or file any Securities and Exchange Commission filings for the Trust or to record this Agreement. The Trustee shall not be required to take notice or be deemed to have notice or knowledge of any default unless an Authorized Officer of the Trustee shall have received written notice thereof or an Authorized Officer has actual knowledge thereof. In the absence of receipt of such notice, the Trustee may conclusively assume that no default has occurred.

106

Section 10.05 May Hold Certificates.

The Trustee, any Paying Agent, Registrar or any other agent of the Trust, in its individual or any other capacity, may become an Owner or pledgee of Certificates and may otherwise deal with the Trust, the Certificate Insurer, the Underwriters, the Seller, the Master Servicer and their affiliates with the same rights it would have if it were not Trustee, any Paying Agent, Registrar or such other agent.

Section 10.06 Money Held in Trust.

Money held by the Trustee in trust hereunder need not be segregated from other trust funds except to the extent required herein or required by law. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Seller and except to the extent of income or other gain on investments which are deposits in or certificates of deposit of the Trustee in its commercial capacity.

Section 10.07 Compensation and Reimbursement; No Lien for Fees.

The Trustee shall receive compensation for fees and reimbursement for expenses pursuant to Section 2.05, Section 7.03(c)(iii)(B) and Section 7.06 hereof. The Trustee shall have no lien on the Trust Estate for the payment of such fees and expenses.

Section 10.08 Corporate Trustee Required; Eligibility.

There shall at all times be a Trustee hereunder which shall be a corporation or association, organized and doing business under the laws of the United States of America or of any State, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000, subject to supervision or examination by the United States of America or of such State of organization, acceptable to the Certificate Insurer and having a deposit rating of at least A- from Standard & Poor's (or such lower rating as may be acceptable to Standard & Poor's) and A2 by Moody's (or such lower rating as may be acceptable to Moody's). If such Trustee publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation or association shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall, upon the request of the Master Servicer with the consent of the Certificate Insurer (which consent shall not be unreasonably withheld) or of the Certificate Insurer, resign promptly in the manner and with the effect hereinafter specified in this Article X.

Section 10.09 Resignation and Removal; Appointment of Successor.

(a) No resignation or removal of the Trustee and no appointment of a successor trustee pursuant to this Article X shall become effective until the acceptance of appointment by the successor trustee under Section 10.10 hereof.

107

(b) The Trustee, or any trustee or trustees hereafter appointed, may resign at any time by giving written notice of resignation to the Master Servicer and by mailing notice of resignation by first-class mail, postage prepaid, to the Certificate Insurer and the Owners at their addresses appearing on the Register. A copy of such notice shall be sent by the resigning Trustee to the Rating Agencies. Upon receiving notice of resignation, the Master Servicer shall promptly appoint a successor trustee or trustees acceptable to the Certificate Insurer by written instrument, in duplicate, executed on behalf of the Trust by an Authorized Officer of the Seller, one copy of which instrument shall be delivered to the Trustee so resigning, one copy to the successor trustee or trustees. If no successor trustee shall have been appointed and have accepted appointment within 30 days after the giving of such notice of resignation, the resigning trustee may petition any court of competent jurisdiction for the appointment of a successor trustee, or any Owner may, on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trustee. A copy of any such petition shall be promptly delivered to the Master Servicer. Such court may thereupon, after such notice, if any, as it may deem proper and appropriate, appoint a successor trustee.

(c) If at any time the Trustee shall cease to be eligible under Section 10.08 hereof and shall fail to resign after written request therefor by the Master Servicer or by the Certificate Insurer, the Certificate Insurer or the Master Servicer with the written consent of the Certificate Insurer may remove the Trustee and appoint a successor trustee acceptable to the Certificate Insurer by written instrument, in duplicate, executed on behalf of the Trust by an Authorized Officer of the Depositor, one copy of which instrument shall be delivered to the Trustee so removed and one copy to the successor trustee.

(d) The Owners of a majority of the Percentage Interests represented by the Class A Certificates with the consent of the Certificate Insurer, or, if there are no Class A Certificates then Outstanding, by the Owners of a majority of the Percentage Interests represented by the Class R Certificates, may at any time remove the Trustee and appoint a successor trustee acceptable to the Certificate Insurer by delivering to the Trustee to be removed, to the successor trustee so appointed, to the Depositor, to the Master Servicer and to the Certificate Insurer, copies of the record of the act taken by the Owners, as provided for in Section 11.03 hereof.

(e) If the Trustee fails to perform its duties in accordance with the terms of this Agreement, or becomes ineligible pursuant to Section 10.08 to serve as Trustee, the Certificate Insurer may remove the Trustee and appoint a successor trustee by written instrument, in triplicate, signed by the Certificate Insurer duly authorized, one complete set of which instruments shall be delivered to the Depositor, one complete set to the Trustee so removed, one complete set to the successor Trustee so appointed.

(f) If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of the Trustee for any cause, the Master Servicer shall promptly appoint a successor trustee acceptable to the Certificate Insurer. If within one year after such resignation, removal or incapability or the occurrence of such vacancy, a successor trustee shall be appointed by act of the Certificate Insurer or the Owners of a majority of the Percentage Interests represented by the Class A Certificates then Outstanding with the consent of the Certificate Insurer, the successor trustee so appointed shall forthwith upon its acceptance of such appointment become the successor

108

trustee and supersede the successor trustee appointed by the Master Servicer. If no successor trustee shall have been so appointed by the Master Servicer or the Owners and shall have accepted appointment in the manner hereinafter provided, any Owner may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a successor trustee.

(g) The Depositor shall give notice of any removal of the Trustee by mailing notice of such event by first-class mail, postage prepaid, to the Certificate Insurer, to the Rating Agencies and to the Owners as their names and addresses appear in the Register. Each notice shall include the name of the successor Trustee and the address of its corporate trust office.

Section 10.10 Acceptance of Appointment by Successor Trustee.

Every successor trustee appointed hereunder shall execute, acknowledge and deliver to the Depositor on behalf of the Trust and to its predecessor Trustee an instrument accepting such appointment hereunder and stating its eligibility to serve as Trustee hereunder, and thereupon the resignation or removal of the predecessor Trustee shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts, duties and obligations of its predecessor hereunder; but, on request of the Depositor or the successor Trustee, such predecessor Trustee shall, upon payment of its charges then unpaid, execute and deliver an instrument transferring to such successor trustee all of the rights, powers and trusts of the Trustee so ceasing to act, and shall duly assign, transfer and deliver to such successor trustee all property and money held by such Trustee so ceasing to act hereunder. Upon request of any such successor trustee, the Depositor on behalf of the Trust shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor trustee all such rights, powers and trusts.

Upon acceptance of appointment by a successor Trustee as provided in this Section, the Successor Trustee shall mail notice thereof by first-class mail, postage prepaid, to the Owners at their last addresses appearing upon the Register.

No successor trustee shall accept its appointment unless at the time of such acceptance such successor shall be qualified and eligible under this Article X.

Section 10.11 Merger, Conversion, Consolidation or Succession to Business of the Trustee.

Any corporation or association into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation or association resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation or association succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto; provided, however, that such corporation or association shall be otherwise qualified and eligible under Section 10.08. In case any Certificates have been executed, but not delivered, by the Trustee then in office, any successor by merger, conversion or

109

consolidation to such Trustee may adopt such execution and deliver the Certificates so executed with the same effect as if such successor Trustee had itself executed such Certificates.

Section 10.12 Reporting; Withholding.

(a) The Trustee shall timely provide to the Owners the Internal Revenue Service's Form 1099 and any other statement required by applicable Treasury regulations as determined by the Tax Matters Person, and shall withhold, as required by applicable law, federal, state or local taxes, if any, applicable to distributions to the Owners, including but not limited to backup withholding under Section 3406 of the Code and the withholding tax on distributions to foreign investors under Sections 1441 and 1442 of the Code.

(b) As required by law or upon request of the Tax Matters Person and except as otherwise specifically set forth in subsection (a) above, the Trustee shall prepare and timely file all reports required to be filed by the Trust with any federal, state or local governmental authority having jurisdiction over the Trust, including other reports that must be filed with the Owners, such as the Internal Revenue Service's Form 1066 and Schedule Q and the form required under
Section 6050K of the Code, if applicable to REMICs. Furthermore, the Trustee shall report to Owners, if required, with respect to the allocation of expenses pursuant to Section 212 of the Code. The Trustee shall collect any forms or reports from the Owners it determines to be required under applicable federal, state and local tax laws.

Section 10.13 Liability of the Trustee.

The Trustee shall be liable in accordance herewith only to the extent of the obligations specifically imposed upon and undertaken by the Trustee herein. Neither the Trustee nor any of the directors, officers, employees, affiliates or agents of the Trustee shall be under any liability on any Certificate or otherwise to the Certificate Insurer, the Depositor, the Seller, the Master Servicer or any Owner for any action taken or for refraining from the taking of any action in good faith pursuant to this Agreement, or for errors in judgment; provided, however, that this provision shall not protect the Trustee, its directors, officers, employees, affiliates or agents or any such Person against any liability which would otherwise be imposed by reason of negligent action, negligent failure to act or willful misconduct in the performance of duties or by reason of reckless disregard of obligations and duties hereunder. Subject to the foregoing sentence, the Trustee shall not be liable for losses on investments of amounts in the Distribution Account (except for any losses on obligations on which the bank serving as Trustee is the obligor). In addition, the Depositor, the Seller and the Master Servicer covenant and agree to indemnify the Trustee (and its directors, officers, employees, affiliates or agents), and when the Trustee is acting as Master Servicer, the Master Servicer, from, and hold it harmless against, any and all losses, liabilities, damages, claims or expenses (including legal fees and expenses) of whatsoever kind arising out of or in connection with the performance of its duties hereunder other than those resulting from the negligence or bad faith of the Trustee and the Depositor shall pay all amounts not otherwise paid pursuant to Sections 2.05 and 7.06 hereof. The Trustee and any director, officer, employee, affiliate or agent of the Trustee may rely and shall be protected in acting or refraining from acting in good faith on any certificate, notice or other document of any kind prima facie properly executed and submitted by the Authorized Officer of any Person respecting any matters arising hereunder.

110

Section 10.14 Appointment of Co-Trustee or Separate Trustee.

Notwithstanding any other provisions of this Agreement, at any time, for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Trust Estate or Mortgaged Property may at the time be located, the Master Servicer and the Trustee acting jointly shall have the power and shall execute and deliver all instruments to appoint one or more Persons approved by the Trustee and reasonably acceptable to the Certificate Insurer to act as co-Trustee or co-Trustees, jointly with the Trustee, of all or any part of the Trust Estate or separate Trustee or separate Trustees of any part of the Trust Estate, and to vest in such Person or Persons, in such capacity and for the benefit of the Owners, such title to the Trust Estate, or any part thereof, and, subject to the other provisions of this Section 10.14, such powers, duties, obligations, rights and trusts as the Master Servicer and the Trustee may consider necessary or desirable. If the Master Servicer shall not have joined in such appointment within 15 days after the receipt by it of a request so to do, or in the case any event indicated in Section 8.20(a) shall have occurred and be continuing, the Trustee, subject to reasonable approval of the Certificate Insurer, alone shall have the power to make such appointment. No co-Trustee or separate Trustee hereunder shall be required to meet the terms of eligibility as a successor trustee under Section 10.08 and no notice to Owners of the appointment of any co-Trustee or separate Trustee shall be required under
Section 10.09.

Every separate Trustee and co-Trustee shall, to the extent permitted, be appointed and act subject to the following provisions and conditions:

(i) All rights, powers, duties and obligations conferred or imposed upon the Trustee shall be conferred or imposed upon and exercised or performed by the Trustee and such separate Trustee or co-Trustee jointly (it being understood that such separate Trustee or co-Trustee is not authorized to act separately without the Trustee joining in such act), except to the extent that, under any law of any jurisdiction in which any particular act or acts are to be performed (whether as Trustee hereunder or as successor to the Master Servicer hereunder), the Trustee shall be incompetent or unqualified to perform such act or acts, in which event such rights, powers, duties and obligations (including the holding of title to the Trust Estate or any portion thereof in any such jurisdiction) shall be exercised and performed singly by such separate Trustee or co-Trustee, but solely at the direction of the Trustee;

(ii) No co-Trustee hereunder shall be held personally liable by reason of any act or omission of any other co-Trustee hereunder; and

(iii) The Master Servicer, the Certificate Insurer and the Trustee acting jointly may at any time accept the resignation of or remove any separate Trustee or co-Trustee.

Any notice, request or other writing given to the Trustee shall be deemed to have been given to each of the then separate Trustees and co-Trustees, as effectively as if given to each of them. Every instrument appointing any separate Trustee or co-Trustee shall refer to this Agreement and the conditions of this Section 10.14. Each separate Trustee and co-Trustee, upon its acceptance of

111

the trusts conferred, shall be vested with the estates or property specified in its instrument of appointment, either jointly with the Trustee or separately, as may be provided therein, subject to all the provisions of this Agreement, specifically including every provision of this Agreement relating to the conduct of, affecting the liability of, or affording protection to, the Trustee. Every such instrument shall be filed with the Trustee and a copy thereof given to the Master Servicer.

Any separate Trustee or co-Trustee may, at any time, constitute the Trustee, its agent or attorney-in-fact, with full power and authority, to the extent not prohibited by law, to do any lawful act under or in respect of this Agreement on its behalf and in its name. If any separate Trustee or co-Trustee shall die, become incapable of acting, resign or be removed, all of its estates, properties, rights, remedies and trusts shall vest in and be exercised by the Trustee, to the extent permitted by law, without the appointment of a new or successor Trustee.

ARTICLE XI

MISCELLANEOUS

Section 11.01 Compliance Certificates and Opinions.

Upon any application or request by the Depositor, the Seller, the Certificate Insurer or the Owners to the Trustee to take any action under any provision of this Agreement, the Depositor, the Seller, the Certificate Insurer or the Owners, as the case may be, shall furnish to the Trustee a certificate stating that all conditions precedent, if any, provided for in this Agreement relating to the proposed action have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically required by any provision of this Agreement relating to such particular application or request, no additional certificate need be furnished.

Except as otherwise specifically provided herein, each certificate or opinion with respect to compliance with a condition or covenant provided for in this Agreement (including one furnished pursuant to specific requirements of this Agreement relating to a particular application or request) shall include:

(a) a statement that each individual signing such certificate or opinion has read such covenant or condition and the definitions herein relating thereto;

(b) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; and

(c) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with in all material respects.

112

Section 11.02 Form of Documents Delivered to the Trustee.

In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents.

Any certificate or opinion of an Authorized Officer of the Trustee may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel, unless such Authorized Officer knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to the matters upon which his certificate or opinion is based are erroneous. Any such certificate or opinion of an Authorized Officer of the Trustee or any opinion of counsel may be based, insofar as it relates to factual matters upon a certificate or opinion of, or representations by, one or more Authorized Officers of the Depositor, the Seller or the Master Servicer, stating that the information with respect to such factual matters is in the possession of the Depositor, the Seller or the Master Servicer, unless such Authorized Officer or counsel knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to such matters are erroneous. Any opinion of counsel may also be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an Authorized Officer of the Trustee, stating that the information with respect to such matters is in the possession of the Trustee, unless such counsel knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to such matters are erroneous. Any opinion of counsel may be based on the written opinion of other counsel, in which event such opinion of counsel shall be accompanied by a copy of such other counsel's opinion and shall include a statement to the effect that such counsel believes that such counsel and the Trustee may reasonably rely upon the opinion of such other counsel.

Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or other instruments under this Agreement, they may, but need not, be consolidated and form one instrument.

Section 11.03 Acts of Owners.

(a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Agreement to be given or taken by the Owners may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Owners in person or by agent duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee, and, where it is hereby expressly required, to the Depositor. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the "act" of the Owners signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Agreement and conclusive in favor of the Trustee and the Trust, if made in the manner provided in this Section.

113

(b) The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by the certificate of any notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution thereof. Whenever such execution is by an officer of a corporation or a member of a partnership on behalf of such corporation or partnership, such certificate or affidavit shall also constitute sufficient proof of his authority.

(c) The ownership of Certificates shall be proved by the Register.

(d) Any request, demand, authorization, direction, notice, consent, waiver or other action by the Owner of any Certificate shall bind the Owner of every Certificate issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, in respect of anything done, omitted or suffered to be done by the Trustee or the Trust in reliance thereon, whether or not notation of such action is made upon such Certificates.

Section 11.04 Notices, etc. to Trustee.

Any request, demand, authorization, direction, notice, consent, waiver or act of the Owners or other documents provided or permitted by this Agreement to be made upon, given or furnished to, or filed with the Trustee by any Owner, the Certificate Insurer, the Depositor or the Seller shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing to or with and received by the Trustee at the Corporate Trust Office.

Section 11.05 Notices and Reports to Owners; Waiver of Notices.

Where this Agreement provides for notice to Owners of any event or the mailing of any report to Owners, such notice or report shall be sufficiently given (unless otherwise herein expressly provided) if mailed, first-class postage prepaid, to each Owner affected by such event or to whom such report is required to be mailed, at the address of such Owner as it appears on the Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice or the mailing of such report. In any case where a notice or report to Owners is mailed in the manner provided above, neither the failure to mail such notice or report nor any defect in any notice or report so mailed to any particular Owner shall affect the sufficiency of such notice or report with respect to other Owners, and any notice or report which is mailed in the manner herein provided shall be conclusively presumed to have been duly given or provided. Notwithstanding the foregoing, if the Master Servicer is removed or resigns or the Trust is terminated, notice of any such events shall be made by overnight courier, registered mail or telecopy followed by a telephone call.

Where this Agreement provides for notice in any manner, such notice may be waived in writing by any Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Owners shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver.

114

In case, by reason of the suspension of regular mail service as a result of a strike, work stoppage or similar activity, it shall be impractical to mail notice of any event to Owners when such notice is required to be given pursuant to any provision of this Agreement, then any manner of giving such notice as shall be satisfactory to the Trustee shall be deemed to be a sufficient giving of such notice.

Where this Agreement provides for notice to any Rating Agency that rated any Certificates, failure to give such notice shall not affect any other rights or obligations created hereunder.

Section 11.06 Rules by Trustee.

The Trustee may make reasonable rules for any meeting of Owners.

Section 11.07 Successors and AssignsSection 11.07 Successors and AssignsSection 11.07 Successors and AssignsSection 11.07 Successors and AssignsSection 11.07 Successors and AssignsSection 1Successors and Assigns.

All covenants and agreements in this Agreement by any party hereto shall bind its successors and assigns, whether so expressed or not.

Section 11.08 Severability.

In case any provision in this Agreement or in the Certificates shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

Section 11.09 Benefits of Agreement.

Nothing in this Agreement or in the Certificates, expressed or implied, shall give to any Person, other than the Owners, the Certificate Insurer and the parties hereto and their successors hereunder, any benefit or any legal or equitable right, remedy or claim under this Agreement.

Section 11.10 Legal Holidays.

In any case where the date of any Monthly Remittance Date, any Distribution Date, any other date on which any distribution to any Owner is proposed to be paid, or any date on which a notice is required to be sent to any Person pursuant to the terms of this Agreement shall not be a Business Day, then
(notwithstanding any other provision of the Certificates or this Agreement)
payment or mailing need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made or mailed on the nominal date of any such Monthly Remittance Date, such Distribution Date, or such other date for the payment of any distribution to any Owner or the mailing of such notice, as the case may be, and no interest shall accrue for the period from and after any such nominal date, provided such payment is made in full on such next succeeding Business Day.

115

Section 11.11 Governing Law; Submission to Jurisdiction.

(a) In view of the fact that Owners are expected to reside in many states and outside the United States and the desire to establish with certainty that this Agreement will be governed by and construed and interpreted in accordance with the law of a state having a well-developed body of commercial and financial law relevant to transactions of the type contemplated herein, this Agreement and each Certificate shall be construed in accordance with and governed by the laws of the State of New York applicable to agreements made and to be performed therein, without giving effect to the conflicts of law principles thereof.

(b) The parties hereto hereby irrevocably submit to the jurisdiction of the United States District Court for the Southern District of New York and any court in the State of New York located in the City and County of New York, and any appellate court from any thereof, in any action, suit or proceeding brought against them or in connection with this Agreement or any of the related documents or the transactions contemplated hereunder or for recognition or enforcement of any judgment, and the parties hereto hereby irrevocably and unconditionally agree that all claims in respect of any such action or proceeding may be heard or determined in such New York State court or, to the extent permitted by law, in such federal court. The parties hereto agree that a final judgment in any such action, suit or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. To the extent permitted by applicable law, the parties hereto hereby waive and agree not to assert by way of motion, as a defense or otherwise in any such suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of such courts, that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that the related documents or the subject matter thereof may not be litigated in or by such courts.

(c) Each of the Depositor, the Seller and the Master Servicer hereby irrevocably appoints and designates the Trustee as its true and lawful attorney and duly authorized agent for acceptance of service of legal process with respect to any action, suit or proceeding set forth in paragraph (b) hereof. Each of the Seller and the Master Servicer agrees that service of such process upon the Trustee shall constitute personal service of such process upon it.

(d) Nothing contained in this Agreement shall limit or affect the right of the Depositor, the Seller, the Master Servicer or the Certificate Insurer or any third-party beneficiary hereunder, as the case may be, to serve process in any other manner permitted by law or to start legal proceedings relating to any of the Mortgage Loans against any Mortgagor in the courts of any jurisdiction.

Section 11.12 Counterparts.

This instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument.

116

Section 11.13 Usury.

The amount of interest payable or paid on any Certificate under the terms of this Agreement shall be limited to an amount which shall not exceed the maximum nonusurious rate of interest allowed by the applicable laws of the State of New York or any applicable law of the United States permitting a higher maximum nonusurious rate that preempts such applicable New York laws, which could lawfully be contracted for, charged or received (the "Highest Lawful Rate"). In the event any payment of interest on any Certificate exceeds the Highest Lawful Rate, the Trust stipulates that such excess amount will be deemed to have been paid to the Owner of such Certificate as a result of an error on the part of the Trustee acting on behalf of the Trust and the Owner receiving such excess payment shall promptly, upon discovery of such error or upon notice thereof from the Trustee on behalf of the Trust, refund the amount of such excess or, at the option of such Owner, apply the excess to the payment of principal of such Certificate, if any, remaining unpaid. In addition, all sums paid or agreed to be paid to the Trustee for the benefit of Owners of Certificates for the use, forbearance or detention of money shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the full term of such Certificates.

Section 11.14 Amendment.

(a) The Trustee, the Depositor, the Seller and the Master Servicer may, at any time and from time to time, and without notice to or the consent of the Owners but with the consent of the Certificate Insurer, amend this Agreement, subject to the provisions of Sections 11.16 and 11.17, and the Trustee shall consent to such amendment, for the purpose of (i) curing any ambiguity or error, correcting or supplementing any provision hereof which may be inconsistent with any other provision herein, in the Prospectus or in the Prospectus Supplement, to evidence a succession to the Master Servicer, or adding provisions hereto which are not inconsistent with the provisions hereof; (ii) upon receipt of an opinion of counsel experienced in federal income tax matters to the effect that no entity-level tax will be imposed on the Trust or upon the transferor of a Class R Certificate as a result of the ownership of any Class R Certificate by a Disqualified Organization, removing the restriction on transfer set forth in
Section 5.08(b) hereof, or (iii) to the extent necessary, complying with the requirements of the Code and the regulations proposed or promulgated thereunder including any amendments necessary to maintain REMIC status or avoiding, or minimizing the risk of, the imposition of any tax on the Trust Estate under the Code that would be a claim against the assets in the Trust Estate; or (iv) for any other purpose, provided that in the case of this clause (iv) the Person requesting such amendment delivers an opinion of counsel acceptable to the Trustee and the Certificate Insurer that such amendment will not adversely affect in any material respect the interest of the Owners. Notwithstanding anything to the contrary herein, no such amendment shall (a) change in any manner the amount of, or change the timing of, payments which are required to be distributed to any Owner without the consent of the Owner of such Certificate, or (b) which affects in any the manner the terms or provisions of the Certificate Insurance Policy without the consent of not less than a majority of the aggregate Class Certificate Balance of the Classes of Certificates affected by such amendment, or (c) reduce the aforesaid percentages required to consent to any such amendments without the consent of the Owners of all Certificates then outstanding.

117

(b) Promptly after the execution of any such amendment, the Trustee shall furnish written notification of the substance of such amendment to each Owner in the manner set forth in Section 11.05, and to the Rating Agencies.

(c) The Certificate Insurer and the Rating Agencies shall be provided with copies of any amendments to this Agreement, together with copies of any opinions or other documents or instruments executed in connection therewith.

Section 11.15 Paying Agent; Appointment and Acceptance of Duties.

The Trustee is hereby appointed Paying Agent. The Trustee may, subject to the eligibility requirements for the Trustee set forth in Section 10.08 hereof, appoint one or more other Paying Agents or successor Paying Agents.

Each Paying Agent, immediately upon such appointment, shall signify its acceptance of the duties and obligations imposed upon it by this Agreement by written instrument of acceptance deposited with the Trustee.

Each such Paying Agent other than the Trustee shall execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of Section 6.02, that such Paying Agent will:

(a) allocate all sums received for distribution to the Owners of Certificates of each Class for which it is acting as Paying Agent on each Distribution Date among such Owners in the proportion specified by the Trustee; and

(b) hold all sums held by it for the distribution of amounts due with respect to the Certificates in trust for the benefit of the Owners entitled thereto until such sums shall be paid to such Owners or otherwise disposed of as herein provided and pay such sums to such Persons as herein provided.

Any Paying Agent other than the Trustee may at any time resign and be discharged of the duties and obligations created by this Agreement by giving at least sixty (60) days, written notice to the Trustee. Any such Paying Agent may be removed at any time by an instrument filed with such Paying Agent and signed by the Trustee.

In the event of the resignation or removal of any Paying Agent other than the Trustee, such Paying Agent shall pay over, assign and deliver any moneys held by it as Paying Agent to its successor or, if there be no successor, to the Trustee.

Upon the appointment, removal or notice of resignation of any Paying Agent, the Trustee shall notify the Certificate Insurer and the Owners by mailing notice thereof at their addresses appearing on the Register.

118

Section 11.16 REMIC Status.

(a) The parties hereto intend that the Trust constitute, and that the affairs of the Trust shall be conducted so as to qualify as, a REMIC in accordance with the REMIC Provisions. In furtherance of such intention, the Trustee or such other person designated pursuant to Section 11.18 hereof shall act as agent for the Trust and as "tax matters person" (as defined in the REMIC Provisions) for the Trust and in such capacity it shall: (i) prepare or cause to be prepared and filed, in a timely manner, annual tax returns and any other tax return required to be filed by the Trust established hereunder using a calendar year as the taxable year for the Trust established hereunder; (ii) in the first such tax return, make (or cause to be made) an election satisfying the requirements of the REMIC Provisions, on behalf of the Trust, for it to be treated as a REMIC; (iii) prepare and forward, or cause to be prepared and forwarded, to the Owners all information, reports or tax returns required with respect to the Trust as, when and in the form required to be provided to the Owners, and to the Internal Revenue Service and any other relevant governmental taxing authority in accordance with the REMIC Provisions and any other applicable federal, state or local laws, including without limitation information reports relating to "original issue discount" as defined in the Code based upon the prepayment assumption and calculated by using the "Issue Price" (within the meaning of Section 1273 of the Code) of the Certificates of the related Class; (iv) not take any action or omit to take any action that would cause the termination of the REMIC status of the Trust, except as provided under this Agreement; (v) represent the Trust in any administrative or judicial proceedings relating to an examination or audit by any governmental taxing authority (the costs and expenses of such representation to be borne by (A) the Trustee, in the event such proceedings, examination or audit were initiated due to the negligence, negligent omission, willful misfeasance or reckless disregard of the Trustee in the performance of its duties hereunder, or (B) the Trust, in any other event), request an administrative adjustment as to a taxable year of the Trust, enter into settlement agreements with any governmental taxing agency, extend any statute of limitations relating to any tax item of the Trust, and otherwise act on behalf of the Trust or any REMIC therein in relation to any tax matter involving the Trust or any REMIC therein; (vi) comply with all statutory or regulatory requirements with regard to its conduct of activities pursuant to the foregoing clauses of this Section 11.16, including, without limitation, providing all notices and other information to the Internal Revenue Service and Owners of Class R Certificates required of a "tax matters person" pursuant to subtitle F of the Code and the Treasury regulations thereunder; (vii) make available information necessary for the computation of any tax imposed (A) on transferors of residual interests to certain Disqualified Organizations or (B) on pass-through entities, any interest in which is held by a Disqualified Organization; and (viii) acquire and hold the Tax Matters Person Residual Interest. The obligations of the Trustee or such other designated Tax Matters Person pursuant to this Section 11.16 shall survive the termination or discharge of this Agreement.

(b) The Seller, the Depositor, the Trustee and the Master Servicer covenant and agree for the benefit of the Owners and the Certificate Insurer (i) to take no action which would result in the termination of "REMIC" status for the Trust, (ii) not to engage in any "prohibited transaction", as such term is defined in Section 860F(a)(2) of the Code, subject to the exceptions set forth in Section 860F(a)(5) of the Code, and (iii) not to engage in any other action which may result in the imposition on the Trust of any other taxes under the Code.

119

(c) The Trust shall, for federal income tax purposes, maintain books on a calendar year basis and report income on an accrual basis.

(d) Except as otherwise permitted by Section 7.05(b), no Permitted Investment shall be sold prior to its stated maturity (unless sold pursuant to a plan of liquidation in accordance with Article IX hereof).

(e) None of the Depositor, the Seller or the Trustee shall enter into any arrangement by which the Trustee will receive a fee or other compensation for services rendered pursuant to this Agreement, other than as expressly contemplated by this Agreement.

(f) Notwithstanding the foregoing clauses (d) and (e), the Trustee, Depositor, Master Servicer or the Seller may engage in any of the transactions prohibited by such clauses, provided that the Trustee shall have received an opinion of counsel experienced in federal income tax matters acceptable to the Certificate Insurer to the effect that such transaction does not result in a tax imposed on the Trustee or cause a termination of REMIC status for the Trust; provided, however, that such transaction is otherwise permitted under this Agreement.

(g) Each of the Master Servicer, Trustee and Tax Matters Person agrees to indemnify the Trust for any tax, penalties, interest and any costs or expenses associated with any administrative or judicial proceedings relating to an examination or audit by any governmental taxing authority imposed on, or incurred by or on behalf of, the Trust as a result of its negligence.

Section 11.17 Additional Limitation on Action and Imposition of Tax.

Any provision of this Agreement to the contrary notwithstanding, the Trustee shall not, without having obtained an opinion of counsel experienced in federal income tax matters acceptable to the Certificate Insurer to the effect that such transaction does not result in a tax imposed on the Trust or cause a termination of REMIC status for the Trust, (i) sell any assets in the Trust Estate (notwithstanding the repurchase pursuant to a breach of representation and warranty), (ii) accept any contribution of assets after the Startup Day or
(iii) agree to any modification of this Agreement. To the extent that sufficient amounts cannot be so retained to pay or provide for the payment of such tax, the Trustee is hereby authorized to and shall segregate, into a separate non-interest bearing account, the net income from any such Prohibited Transactions of the Trust and use such income, to the extent necessary, to pay such tax; provided that, to the extent that any such income is paid to the Internal Revenue Service, the Trustee shall retain an equal amount from future amounts otherwise distributable to the Owners of Class R Certificates and shall distribute such retained amounts to the Owners of Class A Certificates to the extent they are fully reimbursed and then to the Owners of the Class R Certificates. If any tax, including interest, penalties or assessments, additional amounts or additions to tax, is imposed on the Trust, such tax shall be charged against amounts otherwise distributable to the Owners of the Class R Certificates on a pro rata basis unless otherwise paid pursuant to Section 11.16(g) hereof. The Trustee is hereby authorized to and shall retain from amounts otherwise distributable to the Owners of the Class R Certificates sufficient funds to pay or provide for the payment of, and to actually pay, such tax as is legally owed by the Trust unless otherwise paid pursuant to Section 11.16(g) hereof (but such authorization shall not prevent the

120

Trustee from contesting any such tax in appropriate proceedings, and withholding payment of such tax, if permitted by law, pending the outcome of such proceedings).

Section 11.18 Appointment of Tax Matters Person.

A Tax Matters Person will be appointed for the Trust for all purposes of the Code and such Tax Matters Person will perform, or cause to be performed, such duties and take, or cause to be taken, such actions as are required to be performed or taken by the Tax Matters Person under the Code. The Tax Matters Person for the Trust shall be the Trustee as long as it owns a Class R Certificate. If the Trustee does not own a Class R Certificate, the Tax Matters Person may be any other entity that owns a Class R Certificate and accepts a designation hereunder as Tax Matters Person by delivering an affidavit in the form of Exhibit H. The Trustee shall notify any subsequent Trustee and the Master Servicer in writing of the name and address of another Person who accepts a designation as Tax Matters Person hereunder.

Section 11.19 The Certificate Insurer.

Any right conferred to the Certificate Insurer hereunder shall be suspended and shall run to the benefit of the Owners during any period in which the Certificate Insurer is in default in its payment obligations under the Certificate Insurance Policy. At such time as the Class A Certificates are no longer Outstanding hereunder and all Reimbursement Amounts due the Certificate Insurer have been paid in full, the Certificate Insurer's rights hereunder shall terminate.

Section 11.20 [Reserved].

Section 11.21 Third-Party Rights.

The Trustee, the Seller, the Depositor, the Master Servicer and the Owners agree that the Certificate Insurer shall be deemed a third-party beneficiary as if it were a party hereto with the right to enforce the provisions hereof.

Section 11.22 Notices.

All notices hereunder shall be given as follows, until any superseding instructions are given to all other Persons listed below:

The Trustee: Bank One, National Association 1 Bank One Plaza, Suite IL1-0126 Chicago, Illinois 60670-0126 Attention: Corporate Trust Administration, Block Mortgage Finance Asset Backed Certificates, Series 1999-2 Tel: 312-407-0192
Fax: 312-407-1708

121

The Depositor:          Block Mortgage Finance, Inc.
                        One Main Plaza
                        4435 Main Street, Suite 500
                        Kansas City, Missouri 64111
                        Attention: Vice President
                        Tel:  816-932-4960
                        Fax:  816-561-0673

The Master Servicer:    Block Financial Corporation
                        One Main Plaza
                        4435 Main Street, Suite 500
                        Kansas City, Missouri 64111
                        Attention:  Bernard J. Rhoads
                        Tel:  816-932-4912
                        Fax:  816-561-0673

The Seller:             Companion Mortgage Corporation
                        One Main Plaza
                        4435 Main Street, Suite 500
                        Kansas City, Missouri 64111
                        Attention: Vice President
                        Tel:  816-932-4940
                        Fax:  816-561-0673

The Rating Agencies:    Moody's Investors Service, Inc.
                        99 Church Street
                        New York, New York  10007
                        Tel:  212-553-0376
                        Fax:  212-553-7820

                        Standard & Poor's Ratings Services,
                        a division of The McGraw-Hill Companies
                        26 Broadway
                        New York, New York  10004
                        Tel:  212-208-8000
                        Fax:  212-208-0030

Owners:                 As set forth in the Register.

122

The Certificate

Insurer:          MBIA Insurance Corporation
                  113 King Street
                  Armonk, New York 10504
                  Attention: Insured Portfolio Management--
                    Structured Finance (IPM-SF)
                    Block Mortgage Finance Asset
                    Backed Certificates, Series 1999-2
                    Telecopy No.: 914-765-3810
                    Confirmation: 914-765-3781

[THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

123

IN WITNESS WHEREOF, the Depositor, the Seller, the Master Servicer and the Trustee have caused this Agreement to be duly executed by their respective officers thereunto duly authorized, all as of the day and year first above written.

BLOCK MORTGAGE FINANCE, INC.,
as Depositor

By:    /s/ Bret G. Wilson
       _______________________________
Title: President

BLOCK FINANCIAL CORPORATION,
as Master Servicer

By:    /s/ Bret G. Wilson
       _______________________________
Title: Vice President

COMPANION MORTGAGE CORPORATION,
as Seller

By:    /s/ Bret G. Wilson
       _______________________________
Title: President

BANK ONE, NATIONAL ASSOCIATION,
as Trustee

By:    /s/  Steve Wagman
       _______________________________
Title: First Vice Presidentt

124

SCHEDULE I

REPRESENTATIONS AND WARRANTIES AS TO THE MORTGAGE LOANS

All percentages herein reflect the Mortgage Pool disclosed in the Prospectus Supplement. The actual percentages will vary based on the actual Mortgage Loans transferred to the Trust.

(i) The information with respect to each Mortgage Loan set forth in the related Schedule of Mortgage Loans is true and correct as of the Cut-Off Date;

(ii) All the original or certified documentation set forth in Section
3.05 (including all material documents related thereto) with respect to each Mortgage Loan has been or will be delivered to the Trustee on the Startup Day or as otherwise provided in Section 3.05 and is true and accurate in all material respects and does not omit to state a fact necessary to make the statements contained therein not misleading and the documents, instruments and agreements submitted by each Mortgagor for loan underwriting were not falsified and contain no untrue statement of a material fact and do not omit to state a material fact required to be stated therein or necessary to make the information and statements therein not misleading;

(iii) Each Mortgage Loan being transferred to the Trust is a Qualified Mortgage;

(iv) Each Mortgaged Property consists of a fee simple or leasehold estate in real property and is improved by a single (1 to 4) family residential dwelling, which may include condominiums and townhouses, small multifamily or mixed-use property or manufactured homes (provided that such manufactured home is attached to the property and the manufactured home is encumbered by and secured by a Mortgage) but shall not include co-operatives; provided, however, that as of the Cut-Off Date not more than 0.52% and 0.66% of the aggregate Loan Balance of the Mortgage Loans in the Fixed Rate Group and Adjustable Rate Group, respectively, are secured by condominiums, not more than 0.95% and 0.50% of the aggregate Loan Balance of the Mortgage Loans in the Fixed Rate Group and the Adjustable Rate Group, respectively, are secured by manufactured homes and all of the Mortgage Loans secured in part by manufactured homes are "land and home contracts" (and the certificate of title for each manufactured home, noting the Trustee as lienholder, will be delivered to the Trustee), not more than 5.61% and 3.99% of the aggregate Loan Balance of the Mortgage Loans in the Fixed Rate Group and the Adjustable Rate Group, respectively, are secured by 2 to 4 family residential dwellings, and none of the Mortgage Loans are secured by units in planned unit developments.

(v) As of the Cut-Off Date no Mortgage Loan in the Adjustable Rate Group has a Loan-to-Value Ratio greater than 100%. Each Mortgage Loan which is not a First Mortgage Loan has a combined Loan-to-Value Ratio not greater than 100%.

(vi) Each Mortgage Loan is being master serviced by the Master Servicer and serviced by a Sub-Servicer;

I-1

(vii) The Note related to each Mortgage Loan in the Fixed Rate Group bears a fixed Mortgage Rate of at least 7.00% per annum, and the Note related to each Mortgage Loan in the Adjustable Rate Group bears a current Mortgage Rate of at least 6.80% per annum. The weighted average Mortgage Rate of the Mortgage Loans in the Fixed Rate Group is at least 10.71% and the current weighted average Mortgage Rate of the Mortgage Loans in the Adjustable Rate Group is at least 10.14%;

(viii) Each Note with respect to the Mortgage Loans will provide for a schedule of substantially level and equal monthly Scheduled Payments which are sufficient to amortize fully the principal balance of such Note on or before its maturity date (other than Notes representing not more than 52.13% of the aggregate Loan Balance as of the Cut-Off Date of the Mortgage Loans in the Fixed Rate Group, which may provide for a "balloon" payment due at maturity, which maturity date is not more than 15 years from the date of origination);

(ix) As of the Startup Day, each Mortgage is a valid, enforceable, perfected and subsisting first or second lien of record on the Mortgaged Property subject in the case of any Second Mortgage Loan only to a Senior Lien on such Mortgaged Property and subject in all cases to the exceptions to title set forth in the title insurance policy or attorney's opinion of title with respect to the related Mortgage Loan, which exceptions are generally acceptable to banking institutions in connection with their regular mortgage lending activities, and such other exceptions to which similar properties are commonly subject and which do not individually, or in the aggregate, materially and adversely affect the benefits of the security intended to be provided by such Mortgage;

(x) Immediately prior to the transfer and assignment of the Mortgage Loans by the Seller to the Depositor and by the Depositor to the Trust herein contemplated, the Seller and the Depositor, as the case may be, held good, indefeasible and marketable title to, and was the sole owner of record and holder of, each Mortgage Loan (including the related Note) conveyed by the Seller subject to no liens, charges, mortgages, encumbrances or rights of others except liens which will be released simultaneously with such transfer and assignment; and immediately upon the transfer and assignment herein contemplated, the Trustee will hold good, indefeasible and marketable title to, and be the sole owner of, each Mortgage Loan subject to no liens, charges, mortgages, encumbrances or rights of others, except liens which will be released simultaneously with such transfer and assignment;

(xi) As of the Cut-off Date, (a) none of the Mortgage Loans is more than 59 days Delinquent, (b) no more than 5% of the aggregate Loan Balance of Mortgage Loans as of the Cut-Off Date have been 30 days or more Delinquent more than once during the 12 months immediately preceding the Startup Day and (c) no more than 5% of the aggregate Loan Balance of Mortgage Loans as of the Cut-off Date have been 90 or more days Delinquent during the 12 months immediately preceding the Startup Day.

(xii) There is no delinquent tax or assessment lien on any Mortgaged Property, and each Mortgaged Property is free of substantial damage and is in good repair;

I-2

(xiii) There is no valid and enforceable offset, defense or counterclaim to any Note or Mortgage, including the obligation of the related Mortgagor to pay the unpaid principal of or interest on such Note;

(xiv) There is no mechanics' lien or claim for work, labor or material affecting any Mortgaged Property which is or may be a lien prior to, or equal with, the lien of the related Mortgage (and no rights are outstanding as of the Cut-Off Date which could give rise to such liens) except those which are insured against by any title insurance policy referred to in paragraph (xvi) below;

(xv) Each Mortgage Loan at the time it was made complied in all material respects with applicable state, federal or local laws and regulations, including, without limitation, the federal Truth in Lending Act and other consumer protection laws, usury, equal credit opportunity, disclosure, real estate settlement procedures and recording laws;

(xvi) With respect to each Mortgage Loan either (a) an attorney's opinion of title has been obtained but no title policy has been obtained (provided that no title policy has been obtained with respect to not more than 3% of the aggregate Loan Balance of the Mortgage Loans as of the Cut-Off Date), or (b) a lender's title insurance policy, issued in standard American Land Title Association form (or other state approved form) by a title insurance company authorized to transact business in the state in which the related Mortgaged Property is situated, in an amount at least equal to the original balance of such Mortgage Loan together, in the case of a Second Mortgage Loan, with the then-current principal balance of the mortgage note relating to the Senior Lien, insuring the mortgagee's interest (and any successors or assignees of such mortgagee) under the related Mortgage Loan as the holder of a valid first or second mortgage lien of record on the real property described in the related Mortgage, as the case may be, subject only to exceptions of the character referred to in paragraph (ix) above, was effective on the date of the origination of such Mortgage Loan, and, as of the Startup Day, such policy is valid and thereafter such policy shall continue in full force and effect;

(xvii) Each Sub-Servicer, if any, is a qualified servicer as defined in Section 8.03 with respect to the Mortgage Loans serviced by it;

(xviii) The improvements upon each Mortgaged Property are covered by a valid and existing hazard insurance policy with a generally acceptable carrier that provides for fire and extended coverage representing coverage not less than the least of (a) the outstanding principal balance of the related Mortgage Loan (together, in the case of a Second Mortgage Loan, with the outstanding principal balance of the Senior Lien), (b) the minimum amount required to compensate for damage or loss on a replacement cost basis or (c) the full insurable value of the Mortgaged Property. All such insurance policies meet the originator's underwriting requirements and are of standard type and quality for the locale where the related property is located. All acts required to be performed to preserve the rights and remedies of the Trustee in any such insurance policies have been performed, including, without limitation, any necessary information of insurers and assignments of policies or interests therein;

I-3

(xix) If any Mortgaged Property is in an area identified in the Federal Register by the Federal Emergency Management Agency as having special flood hazards, a flood insurance policy in a form meeting the requirements of the current guidelines of the Flood Insurance Administration is in effect with respect to such Mortgaged Property with a generally acceptable carrier in an amount representing coverage not less than the least of (a) the outstanding principal balance of the related Mortgage Loan (together, in the case of a Second Mortgage Loan, with the outstanding principal balance of the Senior Lien), (b) the minimum amount required to compensate for damage or loss on a replacement cost basis or
(c) the maximum amount of insurance that is available under the Flood Disaster Protection Act of 1973;

(xx) Each Mortgage and Note and any other agreement, if any, executed and delivered by the applicable Mortgagor in connection with each Mortgage Loan is the legal, valid and binding obligation of the maker thereof and is enforceable in accordance with its terms, except only as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally and by general principles of equity (whether considered in a proceeding or action in equity or at law), and, to the best of the Seller's knowledge, all parties to each Mortgage Loan had full legal capacity to execute all documents relating to such Mortgage Loan and convey the estate therein purported to be conveyed;

(xxi) As of the Cut-Off Day, no more than 0.792% and 1.846% of the aggregate Loan Balance of the Mortgage Loans in the Fixed Rate Group and the Adjustable Rate Group, respectively, will be secured by Properties located within any single ZIP code area;

(xxii) Each original Mortgage was recorded or is in the process of being recorded. There is only one originally executed Note or Lost Note Affidavit attached to a duplicate Note for each Mortgage Loan and each Mortgage and assignment of Mortgage is in recordable form and is acceptable for recording under the laws of the jurisdiction where the property securing the Mortgage Loan is located;

(xxiii) The terms of each Note and each Mortgage have not been impaired, altered or modified in any respect, except by a written instrument which has been recorded, if necessary, to protect the interest of the Owners and the Certificate Insurer and which has been delivered to the Trustee. The substance of any such alteration or modification has been approved by the applicable title insurer, to the extent required on the applicable title insurance policy, and is reflected on the related Schedule of Mortgage Loans;

(xxiv) The proceeds of each Mortgage Loan have been fully disbursed, and there is no obligation on the part of the mortgagee to make future advances thereunder. Any and all requirements as to completion of any on-site or off-site improvements and as to disbursements of any escrow funds therefor have been complied with. All costs, fees and expenses incurred in making or closing or recording such Mortgage Loans were paid;

I-4

(xxv) The related Note is not and has not been secured by any collateral, pledged account or other security except the lien of the corresponding Mortgage;

(xxvi) No Mortgage Loan has a graduated payment feature, a buydown provision, shared appreciation feature, or other contingent interest feature;

(xxvii) Each Mortgaged Property is located in the state identified in the respective Schedule of Mortgage Loans and consists of one or more parcels of real property with a residential dwelling, as that term is defined in item (iv) of this Schedule I, erected thereon;

(xxviii) Each Mortgage contains a provision for the acceleration, subject to federal law, of the payment of the unpaid principal balance of the related Mortgage Loan in the event the related Mortgaged Property is sold without the prior consent of the mortgagee thereunder;

(xxix) Any advances made after the date of origination of a Mortgage Loan but prior to the Cut-Off Date have been consolidated with the outstanding principal amount secured by the related Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term reflected on the respective Schedule of Mortgage Loans. The consolidated principal amount does not exceed the original principal amount of the related Mortgage Loan. No Note permits or obligates the Master Servicer to make future advances to the related Mortgagor at the option of the Mortgagor;

(xxx) There is no proceeding pending or threatened for the total or partial condemnation of any Mortgaged Property, nor is such a proceeding currently occurring, and each Mortgaged Property is undamaged by waste, fire, water, flood, earthquake or earth movement.

(xxxi) All of the improvements which were included for the purposes of determining the Appraised Value of any Mortgaged Property lie wholly within the boundaries and building restriction lines of such Mortgaged Property, and no improvements on adjoining properties encroach upon such Mortgaged Property, and are stated in the title insurance policy and affirmatively insured;

(xxxii) No improvement located on or being part of any Mortgaged Property is in violation of any applicable zoning law or regulation. All inspections, licenses and certificates required to be made or issued with respect to all occupied portions of each Mortgaged Property and, with respect to the use and occupancy of the same, including but not limited to certificates of occupancy and fire underwriting certificates, have been made or obtained from the appropriate authorities and such Mortgaged Property is lawfully occupied under the applicable law;

(xxxiii) With respect to each Mortgage constituting a deed of trust, a trustee, duly qualified under applicable law to serve as such, has been properly designated and currently so serves and is named in such Mortgage, and no fees or expenses are or will become payable by the Owners or the Trust to the trustee under the deed of trust, except in connection with a trustee's sale after default by the related Mortgagor;

I-5

(xxxiv) Each Mortgage contains customary and enforceable provisions which render the rights and remedies of the holder thereof adequate for the realization against the related Mortgaged Property of the benefits of the security, including (A) in the case of a Mortgage designated as a deed of trust, by trustee's sale and (B) otherwise by judicial foreclosure. There is no homestead or other exemption available to the related Mortgagor which would materially interfere with the right to sell all the related Mortgaged Property at a trustee's sale or the right to foreclose the related Mortgage;

(xxxv) There is no default, breach, violation or event of acceleration existing under any Mortgage or the related Note and, to the best of the Seller's knowledge, no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event of acceleration; and neither the Master Servicer nor the Seller has waived any default, breach, violation or event of acceleration;

(xxxvi) No instrument of release or waiver has been executed in connection with any Mortgage Loan, and no Mortgagor has been released, in whole or in part, except in connection with an assumption agreement which has been approved by the primary mortgage guaranty insurer, if any, and which has been delivered to the Trustee;

(xxxvii) The maturity date of each Second Mortgage Loan is prior to the maturity date of the related first mortgage loan if such first mortgage loan provides for a balloon payment;

(xxxviii) Each Mortgage Loan conforms, and all such Mortgage Loans in the aggregate conform, in all material respects to the description thereof set forth in the Prospectus Supplement;

(xxxix) Each Mortgage Loan was originated in accordance with the credit underwriting guidelines of the originator of such Mortgage Loan (except for certain exceptions to such credit underwriting guidelines approved by the originator in accordance with its established corporate policies), which credit underwriting guidelines conform in all material respects to the descriptions thereof set forth in the Prospectus or the Prospectus Supplement, as applicable;

(xl) Each Mortgage Loan (other than the Mortgage Loans originated in connection with the Seller's "high LTV program") was originated based upon a full appraisal, which included an interior inspection of the subject property;

(xli) The Mortgage Loans are representative of the Seller's portfolio of fixed and variable rate mortgage loans and the Mortgage Loans were not selected for inclusion in the Trust by the Seller on any basis intended to adversely affect the Trust or the Certificate Insurer;

(xlii) As of the Cut-Off Date, no more than 11.66% and 5.50% of the aggregate Loan Balances of the Mortgage Loans in the Fixed Rate Group and the Adjustable Rate

I-6

Group, respectively, are secured by Mortgaged Properties that are non-owner occupied Mortgage Properties (investor-owned and vacation);

(xliii) As of the Cut-Off Date, no more than 19.168% and 21.834% of the aggregate Loan Balances of the Mortgage Loans in the Fixed Rate Group and the Adjustable Rate Group, respectively, were originated under programs requiring less than full documentation;

(xliv) The Seller has no actual knowledge that there exist any hazardous substances, hazardous wastes or solid wastes, as such terms are defined in the Comprehensive Environmental Response Compensation and Liability Act, the Resource Conservation and Recovery Act of 1976, or other federal, state or local environmental legislation, on any Mortgaged Property;

(xlv) The Seller was properly licensed or otherwise authorized, to the extent required by applicable law, to originate or purchase each Mortgage Loan and the consummation of the transactions herein contemplated, including, without limitation, the receipt of interest by the Owners and the ownership of the Mortgage Loans by the Trustee as trustee of the Trust will not involve the violation of such laws and Companion Mortgage Corporation was in compliance with any and all applicable licensing requirements of the laws of the state wherein the Mortgaged Property securing the Mortgage Loan is located;

(xlvi) With respect to each Mortgaged Property subject to a ground lease (a) the current ground lessor has been identified and all ground rents which have previously become due and owing have been paid; (b) the ground lease term extends, or is automatically renewable, for at least five years beyond the maturity date of the related Mortgage Loan; (c) the ground lease has been duly executed and recorded; (d) the amount of the ground rent and any increases therein are clearly identified in the lease and are for predetermined amounts at predetermined times; (e) the ground rent payment is included in the borrower's monthly payment as an expense item;
(f) the Trust has the right to cure defaults on the ground lease; and (g) the terms and conditions of the leasehold do not prevent the free and absolute marketability of the Mortgaged Property. As of the Cut-Off Date, the aggregate Loan Balance of the Mortgage Loans with related Mortgage Properties subject to ground leases does not exceed 5% of the aggregate Loan Balance of all of the Mortgage Loans;

(xlvii) All taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid or are not yet delinquent, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet delinquent. No one other than the applicable Mortgagor has advanced funds, directly or indirectly, for the payment of any amount required under any Mortgage Loan;

(xlviii) With respect to any Second Mortgage Loan, as of the Startup Day, the Seller has not received a notice of default of any first mortgage loan secured by any Mortgaged Property which has not been cured by a party other than the Seller;

I-7

(xlix) All of the Mortgage Loans in the Adjustable Rate Group are in a first lien position;

(l) As of the Cut-Off Date, each Mortgage Loan has an outstanding balance of less than $509,645;

(li) Each Mortgage Loan is secured by a Mortgage on Mortgaged Property which, at the time of origination of the related Mortgage Loan, had an appraised value of less than $638,000;

(lii) No more than 8.31% of the aggregate Loan Balances of the Fixed Rate Group Mortgage Loans are in a second priority position;

(liii) The weighted average margin of the Adjustable Rate Group Mortgage Loans is 7.63% and with respect to each Adjustable Rate Group Mortgage Loan, the applicable interest rate is adjusted in accordance with the terms of the Note and all required notices of interest rate adjustments have been sent to the Mortgagor on a timely basis, the computations of such adjustments were properly calculated and all interest rate adjustments have been made in accordance with all applicable law;

(liv) The aggregate Loan Balance of all Mortgage Loans in the Fixed Rate Group as of the Cut-Off Date is $65,223,213.34 and the aggregate Loan Balance of all Mortgage Loans in the Adjustable Rate Group as of the Cut-Off Date is $97,931,742.45;

(lv) Each Mortgage Loan is a "qualified mortgage" within the meaning of Section 860G(a)(3) of the Code;

(lvi) No more than 2.18% of the Original Aggregate Loan Balance consists of Simple Interest Loans and no less than 97.82% of the Original Aggregate Loan Balance consists of Actuarial Loans;

(lvii) With respect to Second Mortgage Loans, either (a) no consent for the Second Mortgage Loan is required by the holder of the related first mortgage loan or (b) such consent has been obtained and delivered to the Trustee;

(lviii) With respect to Second Mortgage Loans, the related first mortgage loan does not provide for negative amortization;

(lix) As of the Cut-Off Date, no more than 12% of the aggregate Loan Balance of the Mortgage Loans in the Adjustable Rate Group as of the Cut-Off Date had interest rates that were within 0.125% of the fully indexed rate;

(lx) The margins for the Mortgage Loans in the Adjustable Rate Group (which margins, when added to the applicable current indices, establish the interest rates applicable to such Mortgage Loans) ranges from 2.75% to 9.75%;

I-8

(lxi) No Mortgage Loan has a term in excess of 360 months;

(lxii) No property securing a Mortgage Loan is damaged by water, fire, earthquake or earth movement, windstorm, flood, other types of water damage, tornado or other casualty so as to affect adversely the value of such property as security for such Mortgage Loan or the use for which the premises were intended. Each property securing a Mortgage Loan is in good repair;

(lxiii) There is no Mortgage Loan as to which the first date upon which the applicable Mortgagor must make a payment on each Mortgage Loan is no later than 60 days after the Cut-Off Date;

(lxiv) All information regarding a Mortgage Loan of which the Seller has knowledge that could reasonably be expected to affect adversely the value or marketability of any property securing such Mortgage Loan has been disclosed to the Certificate Insurer;

(lxv) As of the Cut-Off Date, none of the Mortgage Loans is a retail installment contract for goods or services, which loans are either "consumer credit contracts" or "purchase money loans" as such terms are defined in 16 C.F.R. ss. 433.1; and

(lxvi) As of the Cut-Off Date, no more than 27.82% of the aggregate Loan Balance of the Mortgage Loans in the Fixed Rate Group and 40.56% of the aggregate Loan Balance of the Mortgage Loans in the Adjustable Rate Group are Purchase Mortgage Loans, at least 72.18% of the aggregate Loan Balance of the Mortgage Loans in the Fixed Rate Group and at least 59.44% of the aggregate Loan Balance of the Mortgage Loans in the Adjustable Rate Group are Refinance Mortgage Loans.

I-9

NOTE - THIS IS WHERE THE 19 EXCEL CHARTS NEED TO BE INSERTED.

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
2702715     SKINNER              133  WOODMERE DR             WILLIAMBURG        23185      VA    2         87.8323025     19533.92
2703118     DEBORAH               26  GROVE STREET            TRUMBULL           06611      CT    2        99.52318286     34184.01
2703190     WHITE               2716  KINGS PARK CIRCLE       DECATUR            30034      GA    2        46.41436364     47308.15
2703840     PUIGNAU             1508  CHICKSAW TRAIL          ORLANDO            32825      FL    2         99.4672931     45164.12
2703899     JONES               4810  W 63RD ST.              LOS ANGELES        90056      CA    2        98.49260833     48893.25
2704103     FICKETT JR          2639  TAIT TERRACE            NORFOLK            23509      VA    2        78.06465882     15306.06
2704132     ELLIS               9458  DUBOIS BOULEVARD        ORLANDO            32825      FL    2        84.82278161     12629.21
2704300     DERRICK              953  HURDS ROAD              VIRGINIA BEACH     23452      VA    2          79.867448      33598.4
2780744     ARVIE               1993  MEADOW RUN RD           OPELOUSAS          70570      LA    2        77.13995918     31842.48
2781614     OKAFOR              5006  BRIDGEWOOD DRIVE        DURHAM             27713      NC    2        84.21824719     14902.24
2782949     SLAUGHTER          11520  PAMELA DRIVE            BATON ROUGE        70815      LA    2        84.42667143     16562.86
2783269     WILLIAMS             552  MART STEWART ROAD       BOGALUSA           70427      LA    2        89.19211905     12181.65
2783279     GARCIA              1955  SAINT. CROIX AVENUE     BATON ROUGE        70810      LA    2        84.60169543     17968.46
2783340     ALLEN               1900  EMILY STREET            METAIRIE           70001      LA    2        51.96778378     14596.32
2783412     BROADWAY           14040  S HOXIE AVENUE          BURNHAM            60633      IL    2        82.89093714     18378.54
2783910     CHAPMAN            10582  BUXTON ROAD             ST AMANT           70774      LA    2            84.2897     20453.68
2783923     CREECH JR            602  LAKEVIEW DRIVE          NASHVILLE          27856      NC    2        88.40875641     26406.85
400463      KNAPP                209  S HOPE STREET           HAMPTON            23663      VA    2        81.84621429     18840.88
400532      FURGESS JR.         7421  HALLOWS DRIVE           NASHVILLE          37221      TN    1        61.43574545    101183.54
400550      MOORE                  5  WANDO DRIVE             CHATTANOOGA        37412-2905 TN    1        78.53405195     60386.21
400563      SMITH               2536  US 60 EAST              HENDERSON          42420      KY    2        88.69171186     20018.86
400565      LEE                 3729  S MAIN STREET           WINSTON SALEM      27127      NC    1        71.76274444     64395.25
400577      VAUGHN               978  NOLAN LANE              CORDOVA            38018      TN    1        89.61556897    103954.06
702206      ROSENBAUM           1241  NEW YORK AVE            DUNEDIN            34698      FL    1        84.50210801      48486.8
702983      EDWARDS             2109  GLENN RD                GASTON             29053      SC    1             89.522     50559.28
703380      TAMAYO             17415  NW 53 CT                MIAMI              33055      FL    1        93.00799167     111529.8
703444      CLARK               2218  LAMEE AVENUE            JACKSONVILLE       32207      FL    1        79.51672581     49274.08
703469      PRATT               8500  PROVIDENCE RD           OOLTEWAH           37363      TN    1        84.56174516    262037.48
703490      GLADNEY             3306  MASCOTT ST              PORTMOUTH          23707      VA    1        85.21005797      58637.4
703554      JOHNSON              510  WOODBINE RD             WAYNEBORO          30830      GA    1        84.56458261     97249.27
703792      JENKINS             4710  TOPI CT                 COLUMBUS           31907      GA    1        86.19475455     94780.05
703835      PETREE                20  E. FARIS RD             GREENVILLE         29605      SC    1        79.59108161       122833
703880      PARNELL             2248  MOIR STREET N.E.        ROANOKE            24012      VA    1        84.72290196     43183.37
704060      FONTANEZ              62  HEMLOCK STREET          WEST HAVEN         6516       CT    1        89.72103333     80724.68
704140      OLIVENCIA            645  CHURCH LANE             YEADON BOROUGH     19050      PA    1         64.7544702     97740.49
704156      COOPER               207  KNOLLVIEW DRIVE         GREENVILLE         29611      SC    1        68.49113043     63011.84
704173      STEWART              230  COBB ROAD               PELZER             29669      SC    1        83.70805882     42691.11
704188      AKERS               2513  N GARNET STREET         PHILADELPHIA       19132      PA    1         79.7319322     23512.61
704218      NEUTZE              2816  LINGANORE AVENUE        BALTIMORE          21234      MD    1        73.82232593     49830.07

704219      NEUTZE              5621  GREENHILL AVENUE        BALTIMORE          21206      MD    1        70.78407059     60166.46

704231      WOODY                 25  LAUREL TERRACE DRIVE    ARDEN              28704      NC    1        84.66967778     76171.49
704316      GROZE               1052  MAPLE AVE               ROEBLING           8554       NJ    1        89.69279529    190528.51
704347      ELAM                3232  OLD LOUISVILLE ROAD     AUGUSTA            30906      GA    1        74.78507143     31400.19

                                     I-A-1

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

2702715          11.8          Fixed Rate        239.84     6/10/13     Single Family      Owner occupied     400000     180
2703118         14.99          Fixed Rate        489.34      8/1/13     Single Family      Owner occupied     175000     180
2703190          11.9          Fixed Rate        484.94      9/1/13     Single Family      Owner occupied     110000     180
2703840         13.99          Fixed Rate        617.62      9/1/13     Single Family      Owner occupied     232000     180
2703899          13.5          Fixed Rate        649.16     10/1/13     Single Family      Owner occupied     250000     180
2704103          12.9          Fixed Rate        213.97     9/21/13     Single Family      Owner occupied      85000     180
2704132          12.8          Fixed Rate        161.61     11/1/13     Single Family      Owner occupied      87000     180
2704300         12.66          Fixed Rate        390.13    10/15/18     Single Family      Owner occupied     250000     240
2780744         10.65          Fixed Rate        472.96      5/1/08     Single Family      Owner occupied      98000     120
2781614         10.95          Fixed Rate        142.28      7/1/13     Single Family      Owner occupied     178000     180
2782949          12.8          Fixed Rate        212.86      9/1/13     Single Family      Owner occupied      70000     180
2783269          11.3          Fixed Rate        145.03     9/21/13     Single Family      Owner occupied      42000     180
2783279          13.9          Fixed Rate        243.75     9/21/13     Single Family      Owner occupied      98500     180
2783340         11.35          Fixed Rate         173.8     10/1/13     Single Family      Owner occupied     148000     180
2783412         10.99          Fixed Rate        214.33     11/1/13     Multiple Family    Owner occupied     175000     180
2783910          10.7          Fixed Rate        234.74     11/2/13     Single Family      Owner occupied     140000     180
2783923         12.85          Fixed Rate        338.95     11/1/13     Single Family      Owner occupied      78000     180
400463          10.74          Fixed Rate        224.06    10/15/12     Single Family      Owner occupied      56000     180
400532           8.45          Fixed Rate        899.25      6/3/18     Single Family      Owner occupied     165000     240
400550           10.6          Fixed Rate        619.15     7/31/18     Single Family      Owner occupied      77000     240
400563          11.05          Fixed Rate        237.07     6/30/13     Single Family      Owner occupied      59000     180
400565            9.4          Fixed Rate        697.15     7/17/13     Single Family      Owner occupied      90000     180
400577          11.99          Fixed Rate       1072.04     10/8/28     Single Family      Owner occupied     116000     360
702206           11.8          Fixed Rate        494.36      3/1/13     Single Family      Owner occupied      58000     180
702983          10.99          Fixed Rate        483.87      7/1/13     Single Family      Owner occupied      56500     180
703380           8.25          Fixed Rate        847.11      8/1/28     Single Family      Owner occupied     120000     360
703444            9.6          Fixed Rate        420.69      9/1/13     Single Family      Owner occupied      62000     180
703469          11.13          Fixed Rate       2535.29      7/1/13     Single Family      Owner occupied     310000     180
703490              7          Fixed Rate        395.18      8/1/28     Multiple Family    Owner occupied      69718     360
703554          10.79          Fixed Rate        915.42      9/1/13     Single Family      Owner occupied     115000     180
703792          11.49          Fixed Rate        942.03      9/1/13     Single Family      Owner occupied     110000     180
703835           10.4          Fixed Rate       1120.66      9/1/13     Single Family      Owner occupied     158000     180
703880          12.49          Fixed Rate        462.32     8/24/13     Single Family      Owner occupied      51000     180
704060           12.3          Fixed Rate        851.93     10/1/13     Multiple Family    Owner occupied     108000     180
704140          10.95          Fixed Rate           931     11/1/13     Single Family      Owner occupied     151000     180
704156            8.5          Fixed Rate        487.88     11/1/13     Single Family      Owner occupied      92000     180
704173           9.95          Fixed Rate         416.9     11/1/18     Single Family      Owner occupied      51000     240
704188           11.5          Fixed Rate        233.71     11/1/13     Single Family      Owner occupied      29500     180
704218            9.7          Fixed Rate        478.52     11/1/18     Single Family      Not Owner           67500     240
                                                                                           occupied
704219            9.7          Fixed Rate        577.77     11/1/18     Multiple Family    Not Owner           85000     240
                                                                                           occupied
704231          10.79          Fixed Rate        716.41     11/1/13     Single Family      Owner occupied      90000     180
704316           11.4          Fixed Rate       1879.35     11/1/13     Single Family      Owner occupied     212500     180
704347           12.2          Fixed Rate        328.87     11/1/13     Single Family      Owner occupied      42000     180

                                     I-A-1

(table continued)

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
704367      LAWHORN              142  GREENWOOD ST            NEW HAVEN          6511       CT    1         79.6401625     63681.99
704402      WILSON             10318  PAIGE RD                WOODFORD           22580      VA    1        79.70367081    128267.56
704406      FARMER JR            156  CRESTWOOD ARCH          LEXINGTON          29073      SC    1        79.72783251     64713.32
704444      PANTALEON JR         121  COTTER LN               GREER              29650      SC    1        84.70077658    126904.76
704451      WOODLEY              321  WEST 26TH STREET        NORFOLK            23513      VA    1           79.75299     79724.23
704509      CROZIER JR         17251  SE HIGHWAY 450          UMATILLA           32784      FL    1        84.65718062     96040.85
704517      HINSON               715  WRIGHT COURT            DELAND             32720      FL    1        84.63891667     60909.94
781305      JOHNSON              151  EAST SLATTERY           SHREVEPORT         71104      LA    1        88.18595122     36128.65
781463      COHEN               2042  DARROW                  EVANSTON           60201      IL    1        84.16595946    124472.98
781698      HAMMOND             3175  N MISTLE ROAD           LAKE GENEVA        53147      WI    1        89.61835789     42554.78
782097      MATHIEU             3006  BROADMOOR AVE           HOUMA              70364      LA    1        79.77850286     69753.58
782121      WATSON              9736  LIMU WAY                DIAMONDHEAD        39525      MS    1             83.315     34939.11
782127      THOMPSON             17A  NEW STREET              NATCHEZ            39120      MS    1        86.45582716     34851.15
782131      BELL                 164  MARIE DRIVE             AVONDALE           70094      LA    1           84.15356     42076.78
782388      ESTELLE             1014  SHELTON AVE             NEW IBERIA         70560-     LA    1        73.81971111     33218.87
782629      PALOMINOS            319  WHITMAN AVENUE          SAN ANTONIO        78211      TX    1        79.48078261     36540.25

782690      CASIDAY              615  FINKS HIDEAWAY          MONROE             71203      LA    2           83.86511     41565.54
782795      CARPENTER            558  OLD WAGY ROAD           FOREST CITY        28043      NC    1        84.77329412      57629.6
782864      ELKINS              1018  E 16TH AVE              COLUMBUS           43211      OH    1        81.04547273     44553.52
783091      WILLIAMS            2137  72ND AVENUE             BATON ROUGE        70807      LA    1        76.33579245     40353.41
783129      BONE                 602  E HARTFORD AVE          BESSEMER CITY      28016      NC    1        89.54123235      69724.3
783216      HALTON              3100  TEMPLE STREET           MUSKEGON           49444      MI    1        83.88677419     23374.63
783225      FRANKLIN             611  SOUTH STREET            AMITE              70422      LA    1        66.97012727     36816.15
783250      PINKERTON          23271  REPUBLIC DRIVE          OAKPARK            48237      MI    1        78.94439623     83647.56
783278      HENDERSON          14104  HWY 57                  VANCLEAVE          39565      MS    1        68.35808889      61239.1
783329      MCPHAIL              213  7TH STREET SW           SPRINGHILL         71075      LA    1        48.71624242     15994.73
783344      EZELL               1749  KALAMAZOO ROAD          PARIS              72855      AR    1         77.9824625     62074.63
783356      GARZA               7141  MADISON AVENUE          HAMMOND            46324      IN    1        84.61933333     73618.82
783361      WEBB                9560  LAGUND                  ST LOUIS           63132      MO    1        84.63490315     69879.51
783386      ANTHONY JR          4417  GLENVIEW RD             WARRENSVILLE       44128      OH    1           84.69344      63495.9
                                                               HEIGHTS
783393      TUTTLE              1953  PERSHING HIGHWAY        SMACKOVER          71762      AR    1        84.69345205     61802.68
783411      KING                2307  HARRISON LANE           TEXARKANA          75501      TX    1        74.82970526     71071.04
783449      THOMAS              1409  STILT STREET            BATON ROUGE        70807      LA    1           84.73868      21177.8
783453      SEABERG             5844  KINGSFISHER DRIVE       MENTONE            46539      IN    1         84.7454898     41512.12
783473      HORNE               2858  W LEXINGTON             CHICAGO            60612      IL    1        79.69299219    101965.75
783490      LEWIS              14787  HUBBS ROAD              PRIDE              70770      LA    1          59.660975     71550.79
783547      BRASHIER            2190  HIGHWAY 957             ETHEL              70730      LA    1         84.0982069     48726.33
783570      JACKSON             7039  I-55 SOUTH              JACKSON            39212      MS    1           48.71634     48593.22
783586      MARSCH               503  JASMINE STREET          JONESVILLE         71343      LA    1        78.99251429     27580.13

783589      THOMAS WALTON       3206  VANCOUVER DRIVE         BATON ROUGE        70819      LA    1        70.77285714     39525.57
783609      SWINT WHITFIELD     1635  N 18TH STREET           BATON ROUGE        70802      LA    1        75.41871429     10512.49

783636      VAUGHN             38267  JOAN DRIVE              PEARL RIVER        70452      LA    1        15.22281739     17459.05
783677      SOOTS               1323  UNDERDOWN AVE           LENOIR             28645      NC    1         69.8223125     33505.67
783753      PEREZ                510  GROVE STREET            EAST CHICAGO       46312      IN    1        78.92248571     27585.44

783762      SALLEY              1639  WOODROW                 SHREVEPORT         71103      LA    1        68.53433333     14359.71

783763      SALLEY              1643  WOODROW                 SHREVEPORT         71103      LA    1         68.4662381     14343.98

783780      ROBINSON            2358  VORHOF                  ST LOUIS           63136      MO    1        79.73091781     58183.79
783826      KING III            3626  WASHINGTON PIKE         BRIDGEVILLE        15017      PA    1        84.64388667    126965.83

                                     I-A-2

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

704367           10.1          Fixed Rate        566.38     11/1/13     Multiple Family    Owner occupied     115000     180
704402           10.5          Fixed Rate       1178.18     12/1/28     Single Family      Owner occupied     161000     360
704406           10.9          Fixed Rate        613.73     12/1/28     Manufactured       Owner occupied      81200     360
704444          10.79          Fixed Rate       1193.09     12/1/13     Single Family      Owner occupied     151000     180
704451          11.35          Fixed Rate        783.09     12/1/28     Multiple Family    Owner occupied     100000     360
704509           10.1          Fixed Rate        853.77     12/1/28     Single Family      Owner occupied     120000     360
704517           9.85          Fixed Rate         530.3     12/1/13     Single Family      Owner occupied      74000     180
781305              8          Fixed Rate        268.64      6/1/28     Single Family      Owner occupied      41000     360
781463              8          Fixed Rate        923.08      7/1/28     Multiple Family    Owner occupied     148000     360
781698          12.04          Fixed Rate        441.05      7/1/13     Single Family      Owner occupied      53000     180
782097          11.35          Fixed Rate        686.43     7/24/28     Single Family      Owner occupied      87500     360
782121           9.95          Fixed Rate        343.33     7/27/18     Single Family      Owner occupied      42000     240
782127           12.1          Fixed Rate        434.38     7/27/13     Single Family      Owner occupied      40500     180
782131           10.3          Fixed Rate        382.42      7/1/13     Single Family      Owner occupied      50000     180
782388           10.4          Fixed Rate        334.69      9/1/18     SINGLE FAMILY      Owner occupied      45000     240
782629           9.25          Fixed Rate        302.74      9/1/13     Multiple Family    Not Owner           46000     180
                                                                                           occupied
782690          11.65          Fixed Rate        504.07      9/1/13     Single Family      Owner occupied     100000     180
782795          12.55          Fixed Rate        619.12     11/1/28     Single Family      Owner occupied      68000     360
782864          10.05          Fixed Rate        394.81     10/1/28     Single Family      Owner occupied      55000     360
783091          11.05          Fixed Rate        424.59     9/23/18     Single Family      Owner occupied      53000     240
783129          10.99          Fixed Rate        667.14     11/1/13     Single Family      Owner occupied      78000     180
783216          11.14          Fixed Rate        247.05     10/1/18     Single Family      Owner occupied      28000     240
783225           10.1          Fixed Rate        327.44     11/1/28     Single Family      Owner occupied      55000     360
783250           10.9          Fixed Rate        793.61     11/1/28     Single Family      Owner occupied     106000     360
783278             12          Fixed Rate        756.11     9/22/13     Single Family      Owner occupied      90000     180
783329          10.85          Fixed Rate        185.99     9/28/13     Single Family      Owner occupied      33000     180
783344          11.05          Fixed Rate        729.43     9/26/13     Single Family      Owner occupied      80000     180
783356           10.9          Fixed Rate        698.66     11/1/13     Single Family      Owner occupied      87000     180
783361          10.79          Fixed Rate        657.51     10/1/13     Single Family      Owner occupied      82600     180
783386          11.14          Fixed Rate        613.86     11/1/28     Single Family      Owner occupied      75000     360

783393          11.14          Fixed Rate        597.49     11/5/28     Single Family      Owner occupied      73000     360
783411          13.25          Fixed Rate        802.11     11/1/28     Single Family      Owner occupied      95000     360
783449           11.9          Fixed Rate        216.95     11/1/13     Single Family      Owner occupied      25000     180
783453             12          Fixed Rate        428.42     11/1/28     Single Family      Owner occupied      49000     360
783473          10.85          Fixed Rate        963.59     11/1/28     Multiple Family    Owner occupied     128000     360
783490              9          Fixed Rate        579.33     11/1/13     Single Family      Owner occupied     120000     180
783547          12.74          Fixed Rate        568.48     10/5/18     Single Family      Owner occupied      58000     240
783570          10.85          Fixed Rate         563.6    10/12/13     Single Family      Owner occupied     100000     180
783586          11.55          Fixed Rate        299.57    10/12/18     Single Family      Not Owner           35000     240
                                                                                           occupied
783589           10.6          Fixed Rate        403.47    10/15/18     Single Family      Owner occupied      56000     240
783609           12.1          Fixed Rate        161.34    10/16/08     Single Family      Not Owner           14000     120
                                                                                           occupied
783636           10.1          Fixed Rate        194.53    10/19/13     Single Family      Owner occupied     115000     180
783677          12.75          Fixed Rate        365.13     11/1/28     Single Family      Owner occupied      48000     360
783753           10.6          Fixed Rate        281.43     11/1/18     Single Family      Not Owner           35000     240
                                                                                           occupied
783762             12          Fixed Rate        176.42     11/1/13     Single Family      Not Owner           21000     180
                                                                                           occupied
783763           11.5          Fixed Rate        171.72     11/1/13     Single Family      Not Owner           21000     180
                                                                                           occupied
783780           11.7          Fixed Rate        587.26     11/1/13     Single Family      Owner occupied      73000     180
783826           11.5          Fixed Rate       1262.62     12/1/28     Single Family      Owner occupied     150000     360


                                     I-A-2

(table continued)

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
783844      DOTRO                701  MONMOUTH PARKWAY        MIDDLETOWN         7748       NJ    1           74.77501     74751.26
783846      MALONE               707  HWY 1206                DEVILLE            71328      LA    1        75.18335866     49455.16
783905      WITCHER              351  COUNTY ROAD 1190        TUPELO             38801      MS    1        76.65440816     37462.24
783914      RICHARD              109  RAILROAD STREET         GURDON             71743      AR    1           73.31152     18283.47
784019      KISMANN             1840  JACKSON AVENUE          MASILLON           44646      OH    1        84.73415704    110029.47
784054      WATERS              3664  WHITEHALL ROAD N        MUSKEGON           49445      MI    1        84.76748889     38145.37
803777      CLOTHIER            3493  HIGHWAY 1643            SOMERSET           42501-     KY    1         76.3316152     32135.61

803831      CRUZAN              1210  BRANDING IRON DR        COLORADO SPRGS     80915      CO    2        89.02599454     33226.61
805648      DAVIS               1091  WILLOW STREET           WOODVILLE          30669      GA    1            84.7965     42398.25
805933      SEALS               3926  DELLA COURT             INDIANAPOLIS       46236      IN    1        88.68203509     50548.76
807741      PARKHAM              754  E 118TH ST              CLEVELAND          44108      OH    1        74.03297561     60707.04
808274      COLLIER             9216  9TH AVE                 JACKSONVILLE       32208      FL    1        74.98527907     32243.67

808719      MCDONALD                  ROUTE 37 BOX 648 KIN    FAYETTEVILLE       28306      NC    2        77.89163107     30228.38
809021      EICKHOFF            5713E TIERRA BUENA LN         SCOTTSDALE         85254      AZ    1        82.96718182    136895.85
809286      ROBY                1047  -49 E PKWY S            MEMPHIS            38104      TN    1        79.95214286     27983.25

809580      WINSTON             2828  LINCOLN ST.             EVANSTON           60201      IL    1        68.21413217    391957.34
809658      SPENCER              108  MORELLI DR              PITTSBURGH         15237      PA    1        89.79327502     92351.87
809790      HOWARD               215  MAPLE PT CT             ST. CHARLES        63034      MO    1        91.99660305    120430.81
809794      GREEN              10468  RUTGERS RD              JACKSONVILLE       32218      FL    1        82.02671429     62814.56
810032      CRUTCHER             455  WOODLAND AVE            LEXINGTON          40508      KY    1        71.10157292     68148.66
810050      CHAVEZ              3424  OSAGE STREET            DENVER             80211      CO    1        65.57108725     48820.12
810057      SNODGRASS           2647  DOUGLAS CIR             HENDERSON          89014-     NV    2        89.94570164     51006.39
810063      PEAVLER              551  JOHNSON AVE             FRANKLIN           46131-     IN    1         79.7032375     63712.34

810112      WILBUR               415  W 2ND ST                ANDERSON           46016      IN    1        74.75781579     28399.24
810238      JENNINGS             441  SUSAN DR                COLLINSVILLE       24078      VA    1        89.62552273     78801.45
810242      WILLIAMS             419  HWY 212                 MICHIGAN CITY      46360      IN    1        65.78772414     57207.62
810314      BARNETT             2543  -45 SCHOOL AVE          MEMPHIS            38112      TN    1           89.80662     44893.03
810324      GOLDSMITH            701  GRAY ST S               GULFPORT           33707      FL    1        76.32981429     53391.31
810351      CARTER             18257  SANTA BARBARA           DETROIT            48221      MI    1           79.61284     79572.37
810376      DAVIDSON             740  MADERIA CT              KISSIMMEE          34758      FL    1        51.69083951     41751.58

810434      MCDONALD            3733  CROMWELL ST             JACKSON            39213      MS    1         88.1098977     34365.13
810451      SUTHERLAND          2752  W MAIN ST               LOUISVILLE         40212      KY    1            89.7461     62744.89
810454      MINK               11360  BARAGA                  TAYLOR             48180      MI    1        73.33487342     57764.69
810457      HARVEY              1742  WAYSIDE AVENUE          CLEVELAND          44122      OH    1             79.771     59777.22

810464      PENN                1065  KNOLLWOOD DR            SAINT HELEN        48656      MI    1        78.70493333     23553.97
810466      RODY               10636  WALKER VISTA DR         RIVERVIEW          33569      FL    1        89.79159829     95720.12
810467      RICE                1397  E 262ND ST              EUCLID             44132      OH    1        79.88434694      39114.2

810468      STATON              6118  NORTH  RD               WEST JEFFERSON     43162      OH    1        72.10425397     90801.56
811021      ASHBAUGH            1010  FOURTH ST               JACKSON            49203      MI    1        79.77145405     58153.39
811103      DOUGLAS             2630  FOREST VALLEY DR        FORT WAYNE         46815      IN    1        84.68265909    111743.07
811254      CLARK               5609  SUMMIT DR               ROCKLIN            95765      CA    2        85.98698891     42760.85
811286      LAVENDER            1162  E 72ND ST               CLEVELAND          44103      OH    1        89.67978261     61840.38
811290      CLARK                321  W COLLEGE               INDEPENDENCE       64015      MO    1        74.77461905     31249.93
811382      BASSETT             5120  S DORSEY LN             TEMPE              85282      AZ    1            89.6755    109352.74
811470      HARRIS              2498  BENSON CREEK RD         LAWRENCEBURG       40342-     KY    1        88.39834375    141437.35
811491      ASNES              22323  RUSHMORE PL             BOCA RATON         33428-     FL    2        89.83292857     62788.94
811648      BRYANT               106  CENTER ST               NORTH PERKIN       61554      IL    1        89.76906522     41281.36
811671      FREDERICK           1562  W 16TH ST               JACKSONVILLE       32209      FL    1        79.78297727     35094.49


                                     I-A-3

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

783844          11.99          Fixed Rate        770.88     11/1/28     Single Family      Owner occupied     100000     360
783846          10.45          Fixed Rate        453.18    10/26/28     Single Family      Owner occupied      65800     360
783905           10.3          Fixed Rate        420.82     11/4/13     Manufactured       Owner occupied      49000     180
783914           11.2          Fixed Rate        215.47     11/7/13     Single Family      Owner occupied      25000     180
784019          11.29          Fixed Rate       1075.77     12/1/13     Single Family      Owner occupied     132000     180
784054          12.55          Fixed Rate        409.71     12/1/28     Single Family      Owner occupied      45000     360
803777          10.89          Fixed Rate        352.24      8/1/17     Investment         Not Owner           42100     240
                                                                                           occupied
803831          12.75          Fixed Rate        439.37     8/19/12     Single Family      Owner occupied     183000     180
805648          11.44          Fixed Rate        418.93    12/22/12     Single Family      Owner occupied      50000     180
805933           11.2          Fixed Rate        496.31    12/30/12     Single Family      Owner occupied      57000     180
807741           9.45          Fixed Rate        514.88     5/15/13     Single Family      Owner occupied      82000     180
808274           10.9          Fixed Rate        304.69     6/15/13     Single Family      Not Owner           43000     180
                                                                                           occupied
808719             12          Fixed Rate        376.85     7/17/13     Single Family      Owner occupied     103000     180
809021           9.79          Fixed Rate       1186.24      8/4/13     Single Family      Owner occupied     165000     180
809286          12.25          Fixed Rate        293.42     8/26/13     Multiple Family    Not Owner           35000     180
                                                                                           occupied
809580           8.25          Fixed Rate       2970.51     9/17/13     Single Family      Owner occupied     575000     180
809658           13.2          Fixed Rate       1038.95     9/14/28     Single Family      Owner occupied     103000     360
809790           8.25          Fixed Rate        913.29      9/1/28     Single Family      Owner occupied     133000     360
809794           9.99          Fixed Rate         698.1     9/30/13     Single Family      Owner occupied      77000     180
810032           7.89          Fixed Rate        557.65    10/20/28     Single Family      Owner occupied      96000     360
810050            8.8          Fixed Rate        388.58    10/21/13     Single Family      Owner occupied      74500     180
810057          14.65          Fixed Rate        631.85    10/21/13     Single Family      Owner occupied     305000     180
810063          10.99          Fixed Rate           609    10/19/28     Multiple Family    Not Owner           80000     360
                                                                                           occupied
810112           12.2          Fixed Rate        297.55    10/22/13     Single Family      Owner occupied      39500     180
810238           10.5          Fixed Rate        724.47    10/30/28     Single Family      Owner occupied      90320     360
810242           9.99          Fixed Rate        504.18    11/10/13     Single Family      Owner occupied      87000     180
810314           13.5          Fixed Rate        515.44    11/16/13     Multiple Family    Owner occupied      50000     180
810324          11.25          Fixed Rate         520.6    11/10/13     Single Family      Owner occupied      70000     180
810351           9.75          Fixed Rate        687.32    11/18/13     Single Family      Owner occupied     100000     180
810376           9.45          Fixed Rate        447.72    11/18/13     Single Family      Not Owner           81000     180
                                                                                           occupied
810434          10.75          Fixed Rate        394.46     12/9/13     Single Family      Owner occupied      39100     180
810451           10.7          Fixed Rate        585.73     1/12/29     Single Family      Owner occupied      70000     360
810454           8.74          Fixed Rate        591.82     1/26/14     Single Family      Owner occupied      79000     180
810457          10.49          Fixed Rate         548.4     1/28/14     Single Family      Not Owner           75000     180
                                                                                           occupied
810464          10.75          Fixed Rate        269.03     2/26/14     Single Family      Owner occupied      30000     180
810466          10.75          Fixed Rate        895.96     3/19/14     Single Family      Owner occupied     107000     180
810467             11          Fixed Rate        373.31     4/21/14     Single Family      Not Owner           51000     180
                                                                                           occupied
810468            9.1          Fixed Rate        738.76      6/7/14     Single Family      Owner occupied     126000     180
811021           9.75          Fixed Rate        501.06      4/1/29     Single Family      Owner occupied      73500     360
811103          11.75          Fixed Rate       1132.56    11/16/28     Single Family      Owner occupied     132000     360
811254          13.05          Fixed Rate        477.63    11/25/28     Single Family      Owner occupied     225500     360
811286           12.2          Fixed Rate        648.34    10/30/28     Single Family      Owner occupied      69000     360
811290          10.75          Fixed Rate         358.7    12/22/13     Single Family      Owner occupied      42000     180
811382          10.05          Fixed Rate        967.63     1/25/14     Single Family      Owner occupied     122000     180
811470           10.7          Fixed Rate       1320.21    11/17/13     Single Family      Owner occupied     160000     180
811491          11.95          Fixed Rate         645.6     11/9/13     Single Family      Owner occupied     252000     180
811648           12.2          Fixed Rate        432.23     12/4/28     Single Family      Owner occupied      46000     360
811671          12.49          Fixed Rate         375.4    11/17/28     Multiple Family    Not Owner           44000     360
                                                                                           occupied

                                     I-A-3

(table continued)

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
811708      FLEMING              108  KINDER ST               CAHOKIA            62206      IL    1           78.24308     19509.86

811760      LAVENDER            2705  E 89TH ST               CLEVELAND          44104      OH    1        79.81376563     51054.92

811896      YADRICK-             313  SW 313TH ST             FEDERAL WAY        98023      WA    2        71.96027826     38979.64
            GRABLE
811932      MARKS              15230  SARANAC RD              CLEVELAND          44110      OH    1        79.56808967     40801.74

811967      WHALEY              1025  CRESTWOOD HTS           PARIS              40361      KY    1        79.71598496     105978.4
812014      LAWSON             11725  HIGHWAY 52 EAST         PAINT LICK         40461      KY    1        68.92290323     36274.18
812080      WHITLOCK             159  N ST                    ALLEGAN            49010      MI    1        79.77579747     63004.16
812091      CEASOR             12615  BROOKLAWA AVE.          CLEVELAND          44111      OH    1           84.78486     42364.21
812276      WESLEY               411  -11A W KEEFE AVE        MILWAUKEE          53209      WI    1        74.79845455     32902.39

812434      FRANCO              2810  W 1ST AVE               DENVER             80219      CO    1        60.53430588     51390.53
812632      ROBERTS              118  CHERRY ST               IRVINE             40336      KY    1        79.75646667     35874.22
812680      BRASILIANO          5188  SW 199TH CT             DUNNELLON          34431      FL    1        89.67404839      55573.5
812735      FRITZ               1861  55TH TERR SW            NAPLES             34116      FL    1          79.785075    127575.43

812750      WOLFE              28440  N 63RD ST               CAVE CREEK         85331      AZ    2        71.53584333      20705.1
812766      MANN                  50  DUNKIRK ST              GRAND RAPIDS       49548      MI    1           84.74112      63530.6
812862      ROGERSON           14929  LAKEWOOD HEIGHTS        LAKEWOOD           44107      OH    1        79.82934074    107735.38
813082      MASTERSON           5311  CITATION RD             LOUISVILLE         40272      KY    1        79.70044872     62139.25
813158      GRAY                8991  S COUNTY RD 625 W       REELSVILLE         46171      IN    1        79.48140789    120511.37
813163      UTTERBACK            127  WILTON AVE              LEXINGTON          40508      KY    1        89.79282258     55633.25
813174      HARVEY              7140  HARTMAN ST              COCOA              32927      FL    1        67.88084091     59707.41
813194      BURGOS             13109  LEISUREWOOD PL          TAMPA              33612      FL    1        89.68389796     87817.94
813332      MORRIS              2974  E 3175 S                SALT LAKE CITY     84109      UT    1         21.5727235     46791.09
813335      JERDINE            13400  FOREST HILL AVE         EAST CLEVELAND     44112      OH    1             79.766     67757.92

813355      CARLSON             4087  S TURQUOISE DR          BUCKEYE            85326      AZ    1           29.18476     43751.44
813454      POWERS                87  CHURCH STREET           COLDWATER          49036      MI    1        78.19910714     65512.51

813466      ROY                 1916  W 29TH ST               PUEBLO             81008      CO    1        79.66353488     34238.58
813557      PORTER              2712  CONESTOGA AVE           LOUISVILLE         40210      KY    1        89.63676596     42111.83
813561      BIGLOW               200  GROSS ST                FARMVILLE          23901      VA    1           79.79696     39883.44
813592      BOIS                  18  TAM O SHANTER LN        BOCA RATON         33431      FL    2        83.33118354     19620.71
813756      LAVIZZO            18728  S CENTER AVE            HOMEWOOD           60430-     IL    2        89.82591642     34101.41
814144      MYLES                819  STROTZ RD               TOLEDO             43612      OH    1        83.34788571     58193.35
814217      LINDEMAN             820  NE 47TH CT              FORT LAUDERDALE    33334      FL    1        69.74436735     68284.21
814305      GALSTER             3420  PRILL RD                CENTRALIA          98531      WA    1        89.87565333    134750.28
814353      GRAFTON             1373  HARRODSBURG RD          LAWRENCEBURG       40342      KY    1        78.47946154     50753.61
814412      ETHRIDGE             226  CRABAPPLE TRL           DALLAS             30132      GA    2        84.67945833      24334.6
814425      CARTER              7541  GRAND MESA CIR          KEYSTONE HEIGHTS   32656      FL    1        89.66169048     75250.48
814470      NURRE               5870  AMANDA NORTHERN RD      CARROLL            43112      OH    1        89.68389809    140746.08
814633      SOLARIN             8006  N 13TH ST               TAMPA              33604      FL    1        84.74810938     54217.92
814634      RIEBE              15750  E CHAIN LAKE RD         LAKEWOOD           54138      WI    1        74.85106667     28049.81
814666      HARDIN             10624  GRANT DR                NORTHGLENN         80233      CO    1        60.77733028     66214.53
814864      MORRIS               216  E OKLAHOMA AVE          KNOXVILLE          37917      TN    1        72.20041379     31231.88
814871      THOMAS              6621  CASINO DR               FORT WAYNE         46816      IN    1        89.67535897      69920.7
814879      HARRIS               216  HARAWAY RD              DANVILLE           24540      VA    1           74.81217     74762.88
814923      BLAKELY              111  MARLBORO DR             GREENVILLE         29605      SC    1        79.76905526     67067.94
814960      LEGARE               511  EUWANEE PL              NORFOLK            23503      VA    1        79.71906511     47732.18

814986      GUTIERREZ            806  W SUPERIOR ST           FORT WAYNE         46802      IN    1        79.78609524     50229.92

                                     I-A-4

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

811708          10.25          Fixed Rate        217.99    12/17/13     Single Family      Not Owner           25000     180
                                                                                           occupied
811760          13.05          Fixed Rate        568.38    11/19/28     Multiple Family    Not Owner           64000     360
                                                                                           occupied
811896          11.95          Fixed Rate        478.78     12/1/13     Single Family      Owner occupied     230000     180

811932          10.99          Fixed Rate        390.52    11/10/28     Single Family      Not Owner           51300     360
                                                                                           occupied
811967           10.7          Fixed Rate        989.23     12/7/13     Single Family      Owner occupied     133000     180
812014          10.25          Fixed Rate        326.18      2/3/14     Single Family      Owner occupied      52700     180
812080           12.3          Fixed Rate        664.71    11/13/13     Single Family      Owner occupied      79000     180
812091           11.7          Fixed Rate        427.37    12/21/28     Single Family      Owner occupied      50000     360
812276          12.75          Fixed Rate        358.61    11/25/13     Multiple Family    Not Owner           44000     180
                                                                                           occupied
812434           9.15          Fixed Rate        424.03    11/25/28     Single Family      Owner occupied      85000     360
812632           10.2          Fixed Rate        321.26      2/1/14     Single Family      Owner occupied      45000     180
812680           10.4          Fixed Rate        506.26      1/6/29     Single Family      Owner occupied      62000     360
812735          11.99          Fixed Rate       1315.64    11/30/28     Multiple Family    Not Owner          160000     360
                                                                                           occupied
812750           12.3          Fixed Rate         256.1     3/16/14     Single Family      Owner occupied     300000     180
812766          10.85          Fixed Rate        599.89     1/12/14     Single Family      Owner occupied      75000     180
812862          11.85          Fixed Rate       1098.45      2/5/14     Single Family      Owner occupied     135000     180
813082          10.45          Fixed Rate        568.47    12/23/13     Single Family      Owner occupied      78000     180
813158           10.9          Fixed Rate       1246.88      3/3/19     Single Family      Owner occupied     152000     240
813163           11.5          Fixed Rate        552.58      1/4/29     Single Family      Owner occupied      62000     360
813174          10.19          Fixed Rate        534.99    11/30/13     Single Family      Owner occupied      88000     180
813194          10.75          Fixed Rate        823.33    11/30/13     Multiple Family    Owner occupied      98000     180
813332          10.15          Fixed Rate        417.68      1/4/14     Multiple Family    Owner occupied     217000     180
813335          11.99          Fixed Rate        698.93    11/19/28     Single Family      Not Owner           85000     360
                                                                                           occupied
813355              9          Fixed Rate        354.03    12/21/13     Single Family      Owner occupied     150000     180
813454             10          Fixed Rate        722.13    12/18/13     Single Family      Not Owner           84000     180
                                                                                           occupied
813466            9.9          Fixed Rate        299.35     12/1/13     Single Family      Owner occupied      43000     180
813557          10.75          Fixed Rate        394.86     12/7/13     Multiple Family    Owner occupied      47000     180
813561          11.05          Fixed Rate        382.44      2/1/29     Single Family      Owner occupied      50000     360
813592          12.24          Fixed Rate        243.13      1/4/14     Multiple Family    Owner occupied     158000     180
813756           12.5          Fixed Rate        390.74    12/14/18     Multiple Family    Owner occupied     167500     240
814144          10.25          Fixed Rate        648.52     1/11/14     Multiple Family    Owner occupied      70000     180
814217           9.99          Fixed Rate        601.51    12/28/13     Multiple Family    Owner occupied      98000     180
814305           9.85          Fixed Rate       1169.79     6/16/14     Single Family      Owner occupied     150000     180
814353           10.5          Fixed Rate        574.81    12/15/13     Single Family      Owner occupied      65000     180
814412             12          Fixed Rate        296.98      2/2/14     Single Family      Owner occupied      96000     180
814425           10.5          Fixed Rate        691.54     1/25/29     Single Family      Owner occupied      85000     360
814470          10.75          Fixed Rate       1319.01    12/17/13     Single Family      Owner occupied     157000     180
814633             11          Fixed Rate        518.06     1/19/14     Single Family      Owner occupied      64000     180
814634          11.45          Fixed Rate        277.45     2/26/14     Single Family      Owner occupied      37500     180
814666            9.8          Fixed Rate        573.78     1/19/29     Single Family      Owner occupied     109000     360
814864           9.24          Fixed Rate        329.15     1/27/14     Single Family      Owner occupied      43500     180
814871          11.25          Fixed Rate        681.83    12/22/13     Single Family      Owner occupied      78000     180
814879          11.75          Fixed Rate        757.06    12/23/13     Multiple Family    Owner occupied     100000     180
814923          10.45          Fixed Rate        613.29     1/25/29     Single Family      Owner occupied      85000     360
814960          10.75          Fixed Rate        447.32    12/23/28     Single Family      Not Owner           70000     360
                                                                                           occupied
814986          11.45          Fixed Rate        497.19    12/23/13     Multiple Family    Owner occupied      63000     180


                                     I-A-4

(table continued)

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
815002      CUNNINGHAM           821  CLAREMONT RD            CHARLOTTE          28214      NC    2        79.60004706     25281.12
815018      ROGERS               602  JOLIET RD               MARQUETTE          61554      IL    1        74.74881176     63508.75
                                                               HEIGHTS
815024      HARRISON             642  LUPINE DR               FORT COLLINS       80524      CO    2        74.13525833     19635.09
815026      CORREA              1213  SE 8TH ST 73-C          CAPE CORAL         33990      FL    1        84.72312069     49118.81
815027      DEAN                 961  DARDA CT                LEXINGTON          40515      KY    2        84.12116807     45108.36
815069      LEONARD              840  DELLA DR                LEXINGTON          40504      KY    1        84.72137931     98234.79
815093      RICHARDS             171  RANDALL DRIVE           HOLLY SPRINGS      38635      MS    1        74.42360377     39404.49
815094      RIGGLE               102  -108 N MANHATTEN        MUNCIE             47303      IN    1        79.75134667     59789.25
815113      PATTON             13996  13 MILE RD              CERESCO            49033      MI    1        79.76109091     70158.69
815158      KELLY              18660  SUNDERLAND              DETROIT            48219      MI    1        89.77466667     53847.15
815192      LEHMBERG            9264  S BELTON LN             SANDY              84093      UT    2           84.55362     39398.18
815277      PULLIAM             3833  PARKLANE DR             CLARKSTON          30021      GA    1        84.73583149     38184.72
815298      SCOTT                 14  EDINBORO CIR            CHALFONT           18914      PA    1        84.70618723     99439.73
815309      MCGRATH              218  MANHEIM ST              PHILADELPHIA       19144      PA    1           77.67556        38819

815315      CARR                1580  ALTA DR UNIT C-12       WHITEHALL          18052      PA    1        84.74145455     46589.29
815322      KEITH                 52  SYCAMORE RD             NEWPORT NEWS       23607      VA    1        69.73123611     50181.41
815401      SNEDEKER            3728  ROGERO RD               JACKSONVILLE       32277      FL    1        84.79941463     69449.95
815404      MCNICHOLAS           325  HUNTLEY RD              UPPER DARBY        19082      PA    1        79.32242222     35695.09

815407      ROWE                4216  FARMHILL LN             CHESTERFIELD       23832      VA    2        80.54033962     24575.76
815482      KLINGER               89  COLEMAN ST 933          WEST HAVEN         6516       CT    1         64.8280625     41475.61

815543      PHILLIPS            4680  TUSCON TRL              ATLANTA            30331      GA    1        89.58441429     62688.15
815560      GREENE             17147  BRAMELL                 DETROIT            48219      MI    1        79.83121667        47857

815594      GRUBER-             9125  S MOUNTAIN BRUSH CT     HIGHLANDS RANCH    80126      CO    2        89.82085306     28003.56
             COOKSEY
815609      WILLIS              1006  MONROE ST               NASHVILLE          37208      TN    1        45.36922353     38512.59
815618      PORTELLI            1906  E ROBSON ST             TAMPA              33610      FL    1        79.75709524     50228.41
815620      GREEN               1297  N JODI DR               LAYTON             84041      UT    2        89.71958912     23574.21
815622      KLINGE             14830  TAYLOR ST               WEST OLIVE         49460      MI    2         76.2628866     43828.98
815656      SUCIU               9414  NE 307TH AVE            SALT SPRINGS       32134      FL    1        84.77280952     88980.34
815690      JONSSON              846  E CASSIE DR             SOUTH OGDEN        84405      UT    2           89.94825     44194.83
815709      EDWARDS             5763  RIVERVIEW BLVD          SAINT LOUIS        63147      MO    1        68.95929231     44800.68
815710      SNIPES              2924  N COLORADO AVE          INDIANAPOLIS       46218      IN    1        79.79754545     43874.11
815723      NEW                 1163  GOGGINS LN              RICHMOND           40475      KY    1            84.7699     76262.26
815726      HARRIS               315  LOUISE                  HIGHLAND PARK      48203      MI    1        79.64562162     29468.88
815727      LEVERETT           12081  SANTA ROSA              DETROIT            48204      MI    1        69.71392593     37625.52
815744      LAWREY               108  FAIRLAWN RD             LOUISVILLE         40207      KY    1        66.95830909     73455.67
815751      EARLS               3967  TANGLEWOOD RD           SNELLVILLE         30039      GA    1        89.66093478     82447.68
815768      WOOD                5916  A & B 1ST ST E          BRADENTON          34203      FL    1            74.7668     37368.23

815774      WOOD                5912  A & B 1ST ST EAST       BRADENTON          34207      FL    1            74.7668     37368.23

815800      BREWER              7436  E BRENTWOOD ST          DETROIT            482343155  MI    1         79.7551632     26867.12

815801      HARTVIGSEN           296  E 1000 S                BOUNTIFUL          84010      UT    2        89.82112587     19667.43
815810      MUNN                 900  40TH AVENUE WEST        BRADENTON          34205      FL    1        79.73210606     52600.22
815826      CHECCHIA            5411  KINGSESSING AVE         PHILADELPHIA       19143      PA    1        73.75811429     25751.06

815845      PORCHE               201  DIANA DR                GRAY               70359      LA    2        68.69141497     12754.38
815868      ANDERSON           13322  MOSS RD                 CHARLOTTE          28273      NC    1        84.73797746    150271.92
815870      LAFAYETTE           4784  JACKSON ST              GARY               46408      IN    1             84.768     57595.59

                                     I-A-5

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

815002          12.95          Fixed Rate        324.61     1/20/14     Single Family      Owner occupied      85000     180
815018           10.4          Fixed Rate        578.39     1/21/14     Single Family      Owner occupied      85000     180

815024           12.3          Fixed Rate        243.91      1/6/14     Multiple Family    Owner occupied     120000     180
815026           10.6          Fixed Rate        454.66     2/15/29     Condominium        Owner occupied      58000     360
815027          11.65          Fixed Rate        541.76      1/4/14     Multiple Family    Owner occupied     119000     180
815069           10.5          Fixed Rate        901.93      1/4/14     Single Family      Owner occupied     116000     180
815093          12.65          Fixed Rate        455.83     1/15/19     Single Family      Owner occupied      53000     240
815094          10.75          Fixed Rate        560.09      1/4/14     Single Family      Owner occupied      79550     180
815113          10.29          Fixed Rate        632.95      2/2/14     Single Family      Owner occupied      88000     180
815158          11.75          Fixed Rate        545.08     1/11/14     Single Family      Owner occupied      60000     180
815192          13.05          Fixed Rate        507.41      2/1/14     Single Family      Owner occupied     450000     180
815277          10.75          Fixed Rate        357.85    12/31/13     Condominium        Owner occupied      45500     180
815298          10.25          Fixed Rate        894.98    12/29/13     Single Family      Owner occupied     117500     180
815309           9.95          Fixed Rate        340.81    12/31/13     Single Family      Not Owner           50000     180
                                                                                           occupied
815315          10.85          Fixed Rate        439.92     1/15/14     Condominium        Owner occupied      55000     180
815322           9.75          Fixed Rate        433.01      1/7/14     Single Family      Owner occupied      72000     180
815401          10.65          Fixed Rate         645.4     1/12/14     Single Family      Owner occupied      82000     180
815404           10.1          Fixed Rate        318.59     1/11/14     Single Family      Not Owner           54900     180
                                                                                           occupied
815407          11.75          Fixed Rate        296.03      2/1/14     Single Family      Owner occupied     106000     180
815482           11.5          Fixed Rate        411.96     1/12/29     Condominium        Not Owner           64000     360
                                                                                           occupied
815543             12          Fixed Rate        648.03     1/14/14     Single Family      Owner occupied      72000     180
815560           10.3          Fixed Rate        431.91      2/9/14     Single Family      Not Owner           60000     180
                                                                                           occupied
815594           12.8          Fixed Rate        356.85     1/11/14     Single Family      Owner occupied     245000     180

815609          10.85          Fixed Rate        399.93     1/15/14     Single Family      Owner occupied      85000     180
815618          10.95          Fixed Rate        478.07      1/6/14     Single Family      Owner occupied      63000     180
815620           12.6          Fixed Rate        296.75     2/17/14     Single Family      Owner occupied     165500     180
815622           12.1          Fixed Rate        542.97     1/25/14     Single Family      Owner occupied      97000     180
815656          11.45          Fixed Rate        880.43      1/7/14     Single Family      Owner occupied     115000     180
815690          12.55          Fixed Rate        474.51     1/25/14     Single Family      Owner occupied     168000     180
815709           9.65          Fixed Rate        383.32     1/26/14     Single Family      Owner occupied      65000     180
815710           11.7          Fixed Rate        442.45     1/15/29     Single Family      Owner occupied      55000     360
815723          10.75          Fixed Rate        714.11      2/1/14     Single Family      Owner occupied      90000     180
815726           9.65          Fixed Rate        252.14      1/7/14     Single Family      Owner occupied      37000     180
815727           9.45          Fixed Rate        316.46     1/21/29     Single Family      Owner occupied      54000     360
815744            9.6          Fixed Rate         787.7      2/2/14     Single Family      Owner occupied     110000     180
815751           9.85          Fixed Rate        717.47     1/21/14     Single Family      Owner occupied      92000     180
815768          10.75          Fixed Rate        350.06     1/15/14     Single Family      Not Owner           60000     180
                                                                                           occupied
815774          10.75          Fixed Rate        350.06     1/15/14     Single Family      Not Owner           60000     180
                                                                                           occupied
815800             11          Fixed Rate        256.75     2/16/14     Single Family      Not Owner           42500     180
                                                                                           occupied
815801           13.3          Fixed Rate        257.01     1/19/14     Single Family      Owner occupied     143000     180
815810           10.4          Fixed Rate        479.04     1/14/14     Single Family      Owner occupied      66000     180
815826           10.5          Fixed Rate        290.17      2/4/14     Single Family      Not Owner           35000     180
                                                                                           occupied
815845           12.3          Fixed Rate        158.54     1/27/14     Single Family      Owner occupied     147000     180
815868          10.14          Fixed Rate       1339.67     1/20/14     Single Family      Owner occupied     177500     180
815870          10.74          Fixed Rate        539.12     1/19/29     Single Family      Owner occupied      68000     360


                                     I-A-5

(table continued)

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
815880      DUKE                 259  E 2100 S                SALT LAKE CITY     84115      UT    1          72.905056     91043.41

815898      PENN                1336  E 73RD ST               CHICAGO            60619      IL    1        79.25964444     71302.88
816025      MORRISON           19400  LAHSER                  DETROIT            48219      MI    1        83.76517333     62797.82
816049      SURDO               3957  PROCTOR RD              SARASOTA           34233      FL    2        89.88765714     20659.32
816050      WILLIS\KING         3230  TENNYSON SQ             SAINT LOUIS        63143      MO    1        89.81132927     73618.66
816052      LINCOLN            10115  W AVENIDA CORDONIZ      PHOENIX            85037      AZ    1        84.76938318     90629.86
816063      JOHNSTON             134  JIM MARTIN DR           ROANOKE RAPIDS     27870      NC    1        84.82367442     72922.26
816071      WARD                1389  S 2000 WEST             DELTA              84624      UT    2        84.83836667     25545.56
816080      BARBER              9194  MENDOTA                 DETROIT            48204      MI    1           77.61156     38805.78
816083      MATHIS               476  W 3RD ST                PERU               46970      IN    1            79.4349     23819.45
816088      DIXON               2914  KEOKUK ST               SAINT LOUIS        63118      MO    1        84.78661017     49986.61
816096      WILLIAMS            3244  OHIO                    SAINT LOUIS        63118      MO    1        89.97606154      58465.6
816106      GYSIN                258  E 2ND ST                PERU               46970      IN    1           79.76945     31895.77
816111      PRUITT             31947  ELMWOOD ST              GARDEN CITY        48135      MI    1        84.64930208     81263.33
816124      BURG                 149  KESSLER CIR             BILOXI             39531      MS    1        84.67765306     41492.05
816130      TAYLOR             22824  LA HWY 42               LIVINGSTON         70754      LA    1         78.8090125     63008.18
816154      SHARPENSTEEN        1705  CONCORD CHURCH RD       BONNIEVILLE        42713      KY    1        89.68513131     88751.03
816165      TALLEY         748 & 750  BERHMAN HWY             GRETNA             70056      LA    1         81.5100381     85518.51
816166      HANSBERRY           8087  ROSELAWN                DETROIT            48204      MI    1           78.69305      31404.7
816169      MARKS              18278  MURRAY HILL             DETROIT            48235      MI    1        64.44907246     44413.57
816170      WILLIAMS            6354  JULIAN                  DETROIT            48204      MI    1        82.65354839     25556.02
816172      WELCH              18953  FERGUSON                DETROIT            48235      MI    1        78.46322222     49316.23
816175      SMITH              18453  FERGUSON                DETROIT            48235-     MI    1        78.27267273     43049.97
816177      WHITE               2544  -46 FISCHER             DETROIT            48124      MI    1        84.13865789     31931.67
816178      ARNOLD              1513  SE 15TH PL ST           OAK GROVE          64075      MO    1        79.81910987     57367.57
816180      BLAINE             17935  FLEMING                 DETROIT            48212      MI    1          89.144675     35613.41
816182      SPEARMAN           11364  PATTON                  DETROIT            48228      MI    1           78.73252     59027.07
816195      RHODES              1068  TOBI DR                 COLUMBUS           43207      OH    1         84.7212233     87225.56
816204      MOORE                812  WRIGHT STREET           BENTON             71006      LA    1        74.39338333      44591.6
816214      TOLMAN              2326  BRUINS AVENUE           BOISE              83704      ID    1        65.73215172     95265.37
816221      SISK                3499  COLEMAN HILL ROAD       ROCKVALE           37153      TN    1        76.62289051    157300.12
816230      FINLEY             19446  SUSSEX                  DETROIT            48235      MI    1        74.80714444     67300.72

816234      SMITH               7816  CONCORD RD              JOHNSTOWN          43031      OH    1        89.76912174    103155.46
816242      LIPSCOMB            5528  THE GATES DR            THE COLONY         75056      TX    1        63.44152193     41716.59
816243      ROBINSON             209  11TH ST                 LELAND             38756      MS    1        74.25877863     19433.19
816245      SANDERS             1206  CLARK ST                FORDYCE            71742      AR    1        88.52606267     18183.61

816248      BLAKES             18501  BILTMORE                DETROIT            48235      MI    1         79.7965082     48638.92
816249      HUDSON              5616  NW 61ST                 OKLAHOMA CITY      73122      OK    1        49.51909091     27166.32
816252      GASCON             11111  AMITE RIVER RD          BATON ROUGE        70817      LA    1        84.71654795     61818.35
816253      BARNES             13311  HWY 5                   LONGSTREET         71050      LA    1          73.773175      58890.2
816277      LIVINGS              204  LISTON ST               LAFAYETTE          70501      LA    1          79.319975     31646.24
816279      RUIZ                1027  BONNABEL RD             METAIRIE           70005      LA    1           74.78694    112125.16
816284      AMOX               16613  PREVOST AVE             DETROIT            48235      MI    1        59.57559649     33958.09
816286      ROLLIN              1005  JENNIE AVE              HATTIESBURG        39401      MS    1          73.720225     29353.79
816312      BAILEY             35133  CANE MARKET ROAD        DENHAM SPRINGS     70726      LA    2        84.15444444     22027.71
816322      LICH                3477  S PHILLIPS RD           KINGSTON           48741      MI    1        69.00153846     44806.85
816331      SIAOSI              5800  HONEYSUCKLE WAY         SALT LAKE CITY     84118      UT    1        81.99530252     97472.64
816345      THOMAS              2412  SW 9TH ST               DES MOINES         50315      IA    1        79.40810811      29306.8

816355      FREEMAN            15227  NOVARA                  DETROIT            48205      MI    1        74.69344286     52257.63


                                     I-A-6

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

815880           9.55          Fixed Rate        981.79     1/15/14     Single Family      Not Owner          125000     180
                                                                                           occupied
815898           11.2          Fixed Rate        696.58      2/1/14     Single Family      Owner occupied      90000     180
816025           10.6          Fixed Rate           581     1/28/14     Single Family      Owner occupied      75000     180
816049           13.4          Fixed Rate        235.47     1/26/29     Single Family      Owner occupied     105000     360
816050           11.2          Fixed Rate        713.99      3/2/14     Single Family      Owner occupied      82000     180
816052          10.74          Fixed Rate        848.32     1/15/29     Single Family      Owner occupied     107000     360
816063          11.25          Fixed Rate        709.99      3/5/29     Single Family      Owner occupied      86000     360
816071          13.05          Fixed Rate        284.19     1/27/29     Single Family      Owner occupied     120000     360
816080          11.44          Fixed Rate        465.75      1/1/14     Single Family      Owner occupied      50000     180
816083           10.5          Fixed Rate        219.54      1/1/29     Single Family      Owner occupied      30000     360
816088           11.1          Fixed Rate        481.38      1/1/29     Single Family      Owner occupied      59000     360
816096           11.5          Fixed Rate        579.32      1/1/29     Multiple Family    Owner occupied      65000     360
816106           11.1          Fixed Rate        307.16      1/1/29     Single Family      Owner occupied      40000     360
816111           9.99          Fixed Rate         715.5      1/1/14     Single Family      Owner occupied      96000     180
816124          10.39          Fixed Rate        377.57      1/1/14     Single Family      Owner occupied      49000     180
816130            9.5          Fixed Rate        538.15      1/7/14     Single Family      Owner occupied      80000     180
816154           10.4          Fixed Rate        808.38     1/25/14     Single Family      Owner occupied      99000     180
816165          10.95          Fixed Rate        814.33    12/18/28     Multiple Family    Owner occupied     105000     360
816166          11.44          Fixed Rate         372.6      1/1/14     Single Family      Owner occupied      40000     180
816169          10.85          Fixed Rate        458.37      2/1/19     Single Family      Owner occupied      69000     240
816170           10.6          Fixed Rate        292.91      2/1/14     Single Family      Owner occupied      31000     180
816172          11.44          Fixed Rate        586.85      1/1/14     Single Family      Owner occupied      63000     180
816175          10.44          Fixed Rate        484.74      1/1/14     Single Family      Owner occupied      55000     180
816177          10.85          Fixed Rate        330.11      1/1/19     Single Family      Owner occupied      38000     240
816178          10.85          Fixed Rate        541.27     3/19/14     Single Family      Owner occupied      76500     180
816180          11.05          Fixed Rate        372.81      2/1/19     Single Family      Owner occupied      40000     240
816182          11.04          Fixed Rate        565.57      2/1/29     Single Family      Owner occupied      75000     360
816195           10.5          Fixed Rate        800.85     1/20/14     Single Family      Owner occupied     103000     180
816204          12.85          Fixed Rate        522.41     1/25/19     Single Family      Owner occupied      60000     240
816214           9.85          Fixed Rate         828.6      2/3/14     Single Family      Owner occupied     145000     180
816221           9.65          Fixed Rate       1345.88     1/26/14     Single Family      Owner occupied     205500     180
816230          10.99          Fixed Rate        642.31      2/8/29     Single Family      Not Owner           90000     360
                                                                                           occupied
816234             11          Fixed Rate        985.65     1/27/14     Single Family      Owner occupied     115000     180
816242            8.4          Fixed Rate        545.66     12/1/08     Single Family      Owner occupied      66153     120
816243          11.69          Fixed Rate        212.14     12/7/18     Single Family      Owner occupied      26200     240
816245          12.19          Fixed Rate         224.6      1/1/14     Single Family      Not Owner           20585     180
                                                                                           occupied
816248          11.04          Fixed Rate        466.21      1/1/29     Single Family      Owner occupied      61000     360
816249          10.94          Fixed Rate        282.73    12/29/18     Single Family      Owner occupied      55000     240
816252          10.85          Fixed Rate        583.89      1/1/29     Single Family      Owner occupied      73000     360
816253          12.15          Fixed Rate         725.9      9/1/13     Single Family      Owner occupied      80000     180
816277          10.74          Fixed Rate        324.66      2/1/19     Single Family      Owner occupied      40000     240
816279          10.35          Fixed Rate       1022.81      1/1/29     Single Family      Owner occupied     150000     360
816284           9.15          Fixed Rate        356.08      1/1/14     Single Family      Owner occupied      57000     180
816286          11.69          Fixed Rate        354.09      1/1/14     Single Family      Owner occupied      40000     180
816312             12          Fixed Rate        268.84      2/3/14     Single Family      Owner occupied     144000     180
816322            9.8          Fixed Rate        388.27     1/21/29     Single Family      Owner occupied      82000     360
816331           11.4          Fixed Rate        960.56      2/9/29     Single Family      Owner occupied     119000     360
816345           9.85          Fixed Rate        315.37     6/24/14     Condominium        Not Owner           37000     180
                                                                                           occupied
816355           9.45          Fixed Rate        439.53     1/25/14     Single Family      Not Owner           70000     180
                                                                                           occupied


                                     I-A-6

(table continued)

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
816362      ANDERSON              64  W BURNS AVE             AKRON              44310      OH    1        84.74126957      97408.5
816371      OZMUN               4224  SUNDOWN RD              MORGANTON          28655      NC    1        78.46447561     64177.28
816376      ALLEN              12522  N 86TH ST               PEORIA             85381      AZ    2        84.96401914     17606.96
816377      SAWYER               489  W MAIN ST               WABASH             46992      IN    1         83.4126625     66560.87
816378      BRANAUGH            1646  COLUMBUS DUNN DR        BATON ROUGE        70802      LA    1        56.28577143     19596.03
816381      HUGGINS              277  COUNTY RD 209           BURNSVILLE         38833      MS    1        58.90277311     35047.15
816383      GRIFFIN              118  E 160TH ST              GALLIANO           70354      LA    1         63.7811194     42627.15
816385      YOUNG              17337  PENNINGTON              DETROIT            48221      MI    1        84.77479508    103343.52
816396      WHITE               1331  THELBERT DR             FAYETTEVILLE       28301      NC    1        69.39325424     20447.81

816398      FORREST             4985  BUFFALO MOUNTAIN RD     WILLIS             24380      VA    1        84.71025316      66921.1
816416      GAYDEN             16110  ROSSINI                 DETROIT            48205      MI    1        72.37956522     49896.78
816421      RIVERA              2013  CEDAR ST                PUEBLO             81004      CO    1        74.72433333     51531.77
816453      DEVOTO              2711  LEMP                    SAINT LOUIS        63118      MO    1        73.29553097     58560.82
816469      DIAZ                8557  WINDY CIRCLE            BOYNTON BEACH      33437      FL    1        88.65773856    135594.09
816486      MALLORY             1186  ELLSWORTH AVE           COLUMBUS           43206      OH    1        84.76243451     54988.01
816490      CARY                3304  TAVERN RD               PETERSBURG         23805      VA    1        89.51184783     82317.81
816509      GOUDEAUX           10309  GRANT ST                CLINTON            70722      LA    1        79.48753125     50872.02
816520      THOMPSON             121  LYNN DR                 WELLFORD           29385      SC    1        79.09986885     48024.21
816523      VINSON              4750  S DUDLEY ST #16         LITTLETON          80123      CO    1        70.01328571     78357.66
816539      CORRAL              9720  S KILBOURN              OAK LAWN           60453      IL    2        87.37150204     31990.21
816542      BORAH                230  CLIFF FALLS CT          COLORADO SPRINGS   80919      CO    2        88.95588306     61370.85
816549      NICHOLS             4101  CATILLE DR              GULFPORT           39501      MS    1        39.88644444     14277.18
816553      JULIEN               390  CHEYENNE TRL            HOWELL             48843      MI    1        84.66591071     94777.45
816565      PRICE              12894  BLOOM                   DETROIT            48212      MI    1        79.72913333     35862.28
816569      DUPLANTIS           4394  GRAND CAILLOU RD        HOUMA              70363      LA    1           88.59446     44193.11
816570      BICKFORD           24552  HAWKS CIR               EVERGREEN          80439      CO    2        89.96149067     56704.59
816572      TATUM              15076  SUSSEX ST               DETROIT            48227      MI    1        69.44695714     48589.01

816580      JOHNSON              503  THELMA DR               SUNSET             70584      LA    1        12.95972917     12380.65
816582      LAURA              23814  WELLINGTON ST           WARREN             48089      MI    1         66.5863253     55246.11
816602      ISENBERG             430  E AVE C                 HUTCHINSON         67501      KS    1           88.91216     22133.65
816606      PETCHAK              103  GLENDALE LN             HAUGHTON           71037      LA    1        79.68954545    122659.94
816611      BELL                4107  COLLEEN ST              MOSS POINT         39563      MS    2        99.65834328     16736.98
816616      TURNER               405  MOUNTAIN AVE SW         ROANOKE            24016      VA    1            79.0134     27654.69
816619      LATIOLAIS            311  N ROBERTSON ST          DELCAMBRE          70528      LA    1        84.77393333     50817.61
816623      FAULKNER           12718  SUSSEX AVE              DETROIT            48227      MI    1        67.86208824     22952.53
816624      MCGINNIS            3721  CABILDO PL              OCEAN SPRINGS      39564      MS    2        99.41307182     30737.66
816626      STEWART              608  CYPRESS DR              D'IBERVILLE        39532      MS    1        84.02118462     54582.52
816628      ELY                26100  IVY EMERSON RD          LUCEDALE           39452      MS    1        67.94988571     94969.13
816633      WATERS SHAW         9590  WALLACE LAKE RD         SHREVEPORT         71106      LA    1           78.84505      15734.1
816639      HEARD                 92  WARREN ST NE            ATLANTA            30317      GA    1        54.76065517     63488.81
816640      PHILLIPS            3403  W 58TH STREET           CLEVELAND          44102      OH    1        63.29680952     39860.98
816642      WOLF\                839  N MENARD AVE            CHICAGO            60651      IL    1        79.27064626    116473.21
            SANGSTER
816651      MOORE                330  COTTON AVE              EUNICE             70535      LA    1           79.82175     47861.14
816656      NICKELS            15076  ROSEWOOD ST             GULFPORT           39503      MS    2        89.76317308     15128.43
816675      BREWER              1312  KENTUCKY STREET         MICHIGAN CITY      46360      IN    1        89.69440503     78365.22
816679      BOYNTON            16924  WARD RD                 DETROIT            48235      MI    1           78.60845     47165.07
816681      MILLER               301  RABBITT DRIVE           HILLSBOROUGH       27278      NC    1        74.76188636     98644.82
816683      FISHER              7421  S DANTE AVE             CHICAGO            60619      IL    1        74.71791667     71694.09
816684      DORE                1063  LASALLE STREET          BILOXI             39530      MS    1        78.99651765     67012.42

                                     I-A-7

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

816362           10.2          Fixed Rate        872.31      2/1/29     Single Family      Owner occupied     115000     360
816371          10.39          Fixed Rate        720.67      1/1/14     Single Family      Owner occupied      82000     180
816376          10.75          Fixed Rate           251      1/1/09     Single Family      Owner occupied     104500     120
816377          10.39          Fixed Rate        747.04      1/1/14     Single Family      Owner occupied      80000     180
816378          10.55          Fixed Rate        277.19      1/1/09     Single Family      Owner occupied      35000     120
816381            9.8          Fixed Rate        338.83    12/21/18     Single Family      Owner occupied      59500     240
816383          10.65          Fixed Rate        485.46      1/1/14     Single Family      Owner occupied      67000     180
816385          10.85          Fixed Rate        975.82     1/27/29     Single Family      Owner occupied     122000     360
816396           11.8          Fixed Rate         224.5      1/1/19     Single Family      Not Owner           29500     240
                                                                                           occupied
816398          10.89          Fixed Rate        633.91      1/1/14     Single Family      Owner occupied      84400     180
816416             12          Fixed Rate        514.31      3/8/14     Single Family      Owner occupied      69000     180
816421            9.3          Fixed Rate        427.61      2/3/14     Single Family      Owner occupied      69000     180
816453           8.75          Fixed Rate        463.37     1/26/14     Single Family      Owner occupied      80500     180
816469          10.95          Fixed Rate       1290.02      2/2/29     Single Family      Owner occupied     153000     360
816486           10.6          Fixed Rate        508.74      2/4/29     Single Family      Owner occupied      65000     360
816490          10.75          Fixed Rate        770.82     2/22/14     Single Family      Owner occupied      92000     180
816509          10.45          Fixed Rate        466.43      2/1/29     Single Family      Owner occupied      64000     360
816520          10.95          Fixed Rate        553.13      3/1/14     Single Family      Owner occupied      61000     180
816523           8.35          Fixed Rate        602.86     2/18/14     Condominium        Owner occupied     112000     180
816539          13.05          Fixed Rate        418.62      2/1/14     Single Family      Owner occupied     245000     180
816542          12.55          Fixed Rate        658.75      2/1/14     Single Family      Owner occupied     248000     180
816549            9.1          Fixed Rate        190.83      1/1/09     Single Family      Owner occupied      36000     120
816553           9.65          Fixed Rate        810.93      1/1/14     Manufactured       Owner occupied     112000     180
816565          10.35          Fixed Rate        325.28      1/1/29     Single Family      Owner occupied      45000     360
816569          11.15          Fixed Rate        515.72      2/1/14     Single Family      Owner occupied      50000     180
816570          13.55          Fixed Rate        652.83      2/2/29     Single Family      Owner occupied     375000     360
816572          10.25          Fixed Rate        439.09      1/1/14     Single Family      Not Owner           70000     180
                                                                                           occupied
816580          11.75          Fixed Rate        182.51      2/1/09     Single Family      Owner occupied      96000     120
816582          11.35          Fixed Rate        543.27      1/1/29     Single Family      Owner occupied      83000     360
816602           12.2          Fixed Rate        272.94     2/18/14     Single Family      Owner occupied      25000     180
816606            9.7          Fixed Rate       1053.96      1/4/14     Single Family      Owner occupied     154000     180
816611          12.75          Fixed Rate         212.3     1/19/14     Single Family      Owner occupied      67000     180
816616           9.95          Fixed Rate        269.28      1/1/19     Single Family      Owner occupied      53000     240
816619          10.09          Fixed Rate        450.96      2/1/29     Single Family      Owner occupied      60000     360
816623          10.74          Fixed Rate        327.08      1/1/09     Single Family      Owner occupied      34000     120
816624          13.99          Fixed Rate        493.56      2/1/09     Single Family      Owner occupied     181000     120
816626          10.39          Fixed Rate        547.53      1/1/19     Single Family      Owner occupied      65000     240
816628            8.6          Fixed Rate        842.47      1/2/19     Single Family      Owner occupied     128500     240
816633           11.8          Fixed Rate        189.97      2/1/14     Single Family      Owner occupied      20000     180
816639           9.44          Fixed Rate        533.26      2/1/14     Single Family      Owner occupied     116000     180
816640           10.8          Fixed Rate         374.9      1/1/14     Single Family      Owner occupied      63000     180
816642           10.1          Fixed Rate       1035.42      2/1/29     Single Family      Owner occupied     147000     360

816651          11.65          Fixed Rate        480.84      1/1/29     Single Family      Owner occupied      60000     360
816656          12.39          Fixed Rate         188.8      1/1/14     Single Family      Owner occupied     104000     180
816675           11.5          Fixed Rate        778.96      2/2/14     Single Family      Owner occupied      87400     180
816679          11.69          Fixed Rate        566.54      1/1/14     Single Family      Owner occupied      60000     180
816681          10.65          Fixed Rate        916.71      1/1/14     Single Family      Owner occupied     132000     180
816683           9.85          Fixed Rate        623.89      1/1/29     Single Family      Owner occupied      96000     360
816684          10.39          Fixed Rate           716      1/1/19     Single Family      Owner occupied      85000     240


                                     I-A-7

(table continued)

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
816685      ANDERSO              335  N 23RD ST               BATON ROUGE        70802      LA    1         88.5937907     38005.71
             RUSHING
816686      GIBSON              2105  E LIVE OAK ST           PASCAGOULA         39567      MS    1        84.70593617     39811.79
816688      PHILLIPS             157  GRAY LN                 MADISON            39110      MS    1         84.7147625     67742.16
816689      DERRY               1170  TICK RIDGE RD           WAYNESBURG         40489-     KY    1        78.82489524     41383.07
816697      WRIGHT                97  SHORT ST                HUSTONVILLE        40437      KY    1            69.1099     20567.57
816700      BENTON              7018  GREATHOUSE ROAD         LAKE CHARLES       70607      LA    1           39.98603     39969.91
816706      QUIGLEY             2486  SCHON DR                CINCINNATI         45231      OH    1        69.81479452     50948.51
816708      MEADORS                   ROUTE 1 BOX 405         WHITLEY CITY       42653      KY    1        89.74304651     38573.17
816745      WINGERTER           2813  BUXTON                  GRANITE CITY       62040      IL    1        78.41406061     25855.16
816758      GARCIA              3881  E 9TH LN                HIALEAH            33013      FL    1          82.772456    103384.57
816776      LEAVY               3850  VIRGINIA ST             GARY               46409      IN    1         79.7996383     37493.53
816777      MACK                1350  C STREET  NE            WASHINGTON         20002      DC    1         82.8948254     52199.37
816781      COX                  411  WESTOVER PKWY           LOCUST GROVE       22508      VA    1        84.75147985    115585.02
816784      HAGGER              7120  ZELYNNE ST              MANSURA            71350      LA    1        83.36469565     19125.12
816801      TAYLOR             27420  TELSTAR                 CHESTERFIELD       48051      MI    1        79.74057386    140276.01
816809      ORTIZ              11009  PARKSIDE DR             SHREVEPORT         71105      LA    1        84.73525301     70301.68
816822      AJIBOGUN            7023  /7025 MABLETON PKWY     MABLETON           30126-     GA    1            83.8121    125718.15
816823      CARON               1110  CARAGH ST               ROSEVILLE          95747      CA    2        78.37653045     21677.89
816828      PEACOCK              225  ELMWOOD DR              CULPEPPER          22701      VA    1         73.8312284    119555.46
816846      LEVEQUE JR          2309  BERTRAND ST             SOUTH BEND         46628      IN    1            68.8922     27491.23

816871      PEARL               3756  EVANGELINE ST           BATON ROUGE        70805      LA    1        69.86580328     42567.25
816875      ELLIS               9566  WARWICK                 DETROIT            48228      MI    1         74.7997375     59812.73
816885      HANDLEY            10412  SYCAMORE                KANSAS CITY        64134      MO    1        88.73978462     57540.08
816892      JACKSON             4510  WESTFIELD ROAD          FAYETTEVILLE       28314      NC    1        88.38456115     61281.07
816897      MALLARD             1609  W 25TH ST               JACKSONVILLE       32209      FL    1        79.77144444     35881.94

816971      RICHARD              112  N LEWIS ST              PICAYUNE           39466      MS    1           88.47595     35300.29
             CARTER
816973      MCCAHAN             5640  PATRICIA AVE NW         NORTH CANTON       44720      OH    1        89.78122581    139110.62
816987      WILLIAMS            9137  KNIGHT AVE              DES PLAINES        60016      IL    2         86.5363381     27352.02
817005      MCNEIL               578  N ILLINOIS              KANKAKEE           60901      IL    1        82.83907692      53818.9
817006      SHELL                960  W 69TH PL               MERRILLVILLE       46410      IN    1         89.8037931     80707.42
817008      WHYTE              14481  LINCOLN AVENUE          DOLTON             60419      IL    1        84.68794444     76188.13
817013      MCNEIL               746  E LOCUST                KANKAKEE           60901      IL    1           79.73232     39846.41

817042      HICKS               8292  FROST AVE               SAINT LOUIS        63136      MO    1         89.7558125     43065.44
817089      STEINBERGER         5950  GUNSHOT PASS DR         COLORADO SPRINGS   80917      CO    1        89.69884722     64551.18
817118      STUEVER               42  LAKEVIEW DR             DITTMER            63023      MO    1        83.45994737     31634.27
817127      HANLEY              1088  HOOVER CIR              NOKOMIS            34275      FL    2        62.03349778     59018.55
817144      MANNING             2498  FAWN VIEW DR            SEVIERVILLE        37862      TN    1        64.84581915     60905.26
817174      CREWS               7918  INDIA AVENUE            JACKSONVILLE       322117712  FL    1        79.75532075     42232.38
817182      TAYLOR              1701  CUNNINGHAM RD           MARIETTA           30060      GA    1           79.86975     35118.99

817206      ADKINS               105  FOXRIDGE RUN            LEXINGTON          29072      SC    1        79.82439184     97641.32
817227      CALINAO              231  PLYMOUTH RD             WEST PALM BEACH    33405      FL    1        56.88768387     87719.71
817241      STEED              12660  MUSCOVY DR              JACKSONVILLE       32223      FL    2        89.44523034     58119.63
817278      OLDFIELD            3408  CRIMSON KING CT         LEXINGTON          40517      KY    2        86.05190625     40445.28
817284      LONGMAN            13318  S 3400 WEST             RIVERTON           84065      UT    2          74.020796     31985.29
817306      WILSON             19714  RIVERVIEW               DETROIT            48219      MI    1        74.68448864     65683.03
817353      PIPKINS              120  HILL STREET             HIGHLAND PARK      48203      MI    1        68.92752381     28879.78
817370      CHAVEZ              1281  WORLEY DR               DENVER             80221      CO    1        79.95154135    106205.27
817379      HARDY                528  NORTH  ST               LEIPSIC            45856      OH    1        74.77908065     46286.07

                                     I-A-8

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

816685          11.14          Fixed Rate        443.27      2/1/14     Single Family      Owner occupied      43000     180

816686          10.34          Fixed Rate        360.67     1/20/29     Single Family      Owner occupied      47000     360
816688          10.39          Fixed Rate        616.44      1/1/14     Single Family      Owner occupied      80000     180
816689          11.85          Fixed Rate        500.02      3/4/14     Single Family      Owner occupied      52500     180
816697            9.6          Fixed Rate        220.56      2/9/14     Single Family      Owner occupied      30000     180
816700          10.75          Fixed Rate        374.33      2/2/14     Single Family      Owner occupied     100000     180
816706           11.9          Fixed Rate        521.69      2/1/29     Single Family      Owner occupied      73000     360
816708           10.5          Fixed Rate           354      2/3/14     Single Family      Owner occupied      43000     180
816745          11.75          Fixed Rate        312.61     3/25/14     Single Family      Owner occupied      33000     180
816758          10.85          Fixed Rate        975.82     2/10/14     Single Family      Owner occupied     125000     180
816776          11.75          Fixed Rate        379.54      1/1/29     Single Family      Owner occupied      47000     360
816777          10.25          Fixed Rate        470.45      1/1/29     Single Family      Owner occupied      63000     360
816781          10.39          Fixed Rate        1051.8      1/1/14     Single Family      Owner occupied     136500     180
816784          10.39          Fixed Rate        214.77      1/1/14     Single Family      Owner occupied      23000     180
816801            9.9          Fixed Rate       1225.23      2/3/14     Single Family      Owner occupied     176000     180
816809          10.74          Fixed Rate        658.04      1/1/29     Single Family      Owner occupied      83000     360
816822           10.9          Fixed Rate       1190.42     3/22/14     Single Family      Owner occupied     150000     180
816823          11.85          Fixed Rate        261.92      3/8/14     Single Family      Owner occupied     254500     180
816828           10.5          Fixed Rate       1097.69      1/1/14     Single Family      Owner occupied     162000     180
816846             11          Fixed Rate        318.25      2/5/14     Single Family      Not Owner           40000     180
                                                                                           occupied
816871          10.75          Fixed Rate         398.6     2/16/14     Single Family      Owner occupied      61000     180
816875          10.15          Fixed Rate        533.21      3/1/29     Single Family      Owner occupied      80000     360
816885           10.6          Fixed Rate        650.29      3/5/14     Single Family      Owner occupied      65000     180
816892          11.14          Fixed Rate        716.45      1/1/14     Single Family      Owner occupied      69500     180
816897           10.5          Fixed Rate        329.31     2/16/14     Single Family      Not Owner           45000     180
                                                                                           occupied
816971          10.25          Fixed Rate        392.38     2/10/14     Single Family      Owner occupied      40000     180

816973          11.25          Fixed Rate       1354.91     2/18/14     Single Family      Owner occupied     155000     180
816987           13.8          Fixed Rate        365.72     2/23/14     Single Family      Owner occupied     420000     180
817005           9.74          Fixed Rate        463.55      3/3/14     Single Family      Owner occupied      65000     180
817006          11.75          Fixed Rate        816.71     2/10/14     Single Family      Owner occupied      97000     180
817008           10.8          Fixed Rate        716.99     3/15/14     Single Family      Owner occupied      90000     180
817013           9.75          Fixed Rate        343.66     2/26/14     Multiple Family    Not Owner           50000     180
                                                                                           occupied
817042          10.74          Fixed Rate        402.94      2/8/29     Single Family      Owner occupied      49000     360
817089           9.75          Fixed Rate        556.73     2/16/14     Single Family      Owner occupied      72000     180
817118          10.35          Fixed Rate        354.05     2/17/14     Single Family      Owner occupied      39000     180
817127          12.15          Fixed Rate         725.9     2/18/14     Single Family      Owner occupied     225000     180
817144          10.65          Fixed Rate        565.77     2/17/14     Single Family      Owner occupied      94000     180
817174          10.25          Fixed Rate        379.95      2/5/14     Single Family      Owner occupied      53000     180
817182           11.5          Fixed Rate        348.58     3/30/14     Single Family      Not Owner           44000     180
                                                                                           occupied
817206           9.75          Fixed Rate        841.97     3/11/14     Single Family      Owner occupied     124000     180
817227           9.99          Fixed Rate        961.22     2/22/14     Single Family      Owner occupied     155000     180
817241           13.8          Fixed Rate        680.39      3/8/14     Single Family      Owner occupied     178000     180
817278           12.7          Fixed Rate        510.68      3/3/14     Single Family      Owner occupied     160000     180
817284           12.5          Fixed Rate        400.57     2/24/14     Single Family      Owner occupied     250000     180
817306           8.84          Fixed Rate        523.47     2/18/29     Single Family      Owner occupied      88000     360
817353          10.75          Fixed Rate        329.56     3/30/14     Single Family      Owner occupied      42000     180
817370            8.5          Fixed Rate        818.12     7/30/14     Single Family      Owner occupied     133000     180
817379           9.19          Fixed Rate        380.52     2/16/14     Single Family      Owner occupied      62000     180


                                     I-A-8

(table continued)

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
817433      BATTLE               239  NW 4TH AVENUE           DELRAY BEACH       33444      FL    1        89.79207692     58341.61
817438      BRIDGES JR          5104  HAWTHORNE LN            SHELBY             28152      NC    1        79.85218667     59855.95
817505      TELLEFSON            139  W RIVER ST              ROCKTON            61072-     IL    1        79.81782105     75826.93
817508      LEIGH               2359  EDENBURGH DR            COLUMBUS           43219      OH    1        89.79212821     70009.98
817559      FOSTER              5969  TARA LN                 SAINT LOUIS        63147      MO    1             78.895     29120.85
             FOSTER
817563      LAWSON              8622  OXFORD LN               SAINT LOUIS        63147      MO    1        84.86304516     65724.96
817596      MADRY                942  W 21ST AVE              GARY               46404      IN    1        89.79008824     30516.94
817615      SNOW                4349  S 4800 W                WEST VALLEY CITY   84120      UT    2        84.77847244        24404
817622      BROADDUS            3392  PEARL ST                WARREN             48091      MI    2        94.93162185     22360.96
817678      STOTMORE            5570  CANDLE BERRY LN         YORBA LINDA        92887      CA    2        89.58580561    146246.71
817685      EWAN                2305  W 170TH                 HAZEL CREST        60429      IL    1        25.22492308     19619.93
817696      LEEHY                110  SE WINBURN TRAIL        LEES SUMMIT        64063      MO    1        78.13195833     93716.86
817703      ENEQUIST            2530  COPPER BASIN RD         PRESCOTT           86303-     AZ    2        89.97714831     35346.07
817715      FAULKNER             563  N 1ST STREET            WOOD RIVER         62095      IL    1        78.84265503     20184.62

817716      ADAMS                308  WHITE PINE DR           HENDERSONVILLE     28739      NC    1        84.66796667     50778.56
817770      FAKUNLE             1639  N CAROLINE ST           BALTIMORE          21213      MD    1           70.83594     35403.87

817789      FINN                2565  S CLAY ST               DENVER             80219      CO    1        85.90471545     105556.4
817805      OLSON                622  N FRANKLIN AVE          LOVELAND           80537      CO    2        89.61615238     29592.96
817834      ZUBIRIA             3305  W 3650 SOUTH            WEST VALLEY CITY   84119      UT    1        79.72447581     98799.93
817876      F MUHLERT           1813  PORT RENWICK            CHULA VISTA        91913      CA    2            79.6469     45225.44
817895      MCKINNEY            2658  FOX AVE                 FORT WAYNE         46807      IN    1        84.85212903     26292.97
817907      JONES               1232  E 46TH ST               CHICAGO            60653      IL    1        69.74048421    198634.04

817914      PAUL               17861  BAKER                   COUNTRY CLUB HILLS 60478      IL    1        79.77381651     86911.19

817926      WORTHY              2718  ORLEANS ST              BALTIMORE          21224      MD    1        74.05445714     25795.43

817930      WORTHY              2546  OSWEGO AVE              BALTIMORE          21215      MD    1          74.148375     29518.74

817931      WORTHY              2806  FOX ST                  BALTIMORE          21211      MD    1        74.49367647     25150.99

817952      KISSNER               30  GREENDALE DR            SAINT LOUIS        63121      MO    1         58.9732875     47042.24
817966      WEATHERS             435  50TH AVE                BELLWOOD           60104      IL    2        99.75349081     22529.62
817972      PORTER             10612  BRIXWORTH CT            DAMASCUS           20872      MD    2        99.79560479     32988.33
817980      MARLATT             3011  VINE ST                 DENVER             80205      CO    1        79.69483516    144949.77
817991      SIMON              20100  DEQUINDRE               DETROIT            48234      MI    1        79.85666667      38308.9
818007      MANGICAPRA          1545  LAKEVIEW CIR            POMPANO BEACH      33071      FL    1        78.78964479    101763.88
818011      SPENCER             1120  BEAR PEN RD             CAMPTON            41301      KY    1        87.99355981     91855.94
818014      RICKS               3355  STILESBORO RD           KENNESAW           30152      GA    2        84.55304615     29603.47
818038      DILL                3061  OLD HIGHWAY A.          FESTUS             63028      MO    1        33.60043182     29494.27
818059      ONUOHA              2247  SOUTH WACO COURT        AURORA             80013      CO    2        99.96467232     35326.69
818075      MOFFITT             1910  BEECH ST                LOUISVILLE         40210      KY    1        78.89492727     43287.71
818078      OLLER               2315  CREEKSIDE LANE          CRESTWOOD          40014      KY    1        84.86453704     45796.59
818133      HELTSLEY            6180  ZARING MILL RD          SHELBYVILLE        40065      KY    1        84.80365714     89043.84
818142      LIRETTE              209  SW 8TH STREET           CAPE CORAL         33991      FL    2        89.89110811     43823.23
818143      SNAPP               3004  MORELAND AVE            BALTIMORE          21234      MD    1           79.88592    139664.56
818149      CIMINELLO           2775  ALDER VISTA DR          COLUMBUS           43231      OH    1        51.86344615     67392.01
818151      GOLDEN               850  AMHERST RD              LIMA               458069754  OH    1        79.79873333     23930.02

818180      DEAVER              7418  WOLLAM AVE              REYNOLDSBURG       43068      OH    1        84.83519753     68663.13
818182      SANDERS             1213  14TH AVE                GREELEY            80631      CO    2        89.64589437     20797.17
818183      ROMERA              2666  JEWEL ST                EAST POINT         30344      GA    1        79.69768116      54991.4

                                     I-A-9

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

817433          10.75          Fixed Rate        546.09     3/17/14     Single Family      Owner occupied      70000     180
817438           12.5          Fixed Rate        640.35      1/1/14     Single Family      Owner occupied      75000     180
817505          11.55          Fixed Rate        755.52     2/22/14     Single Family      Owner occupied      95000     180
817508          10.75          Fixed Rate         655.3      3/1/14     Single Family      Owner occupied      78000     180
817559          10.75          Fixed Rate         331.8      3/5/14     Single Family      Not Owner           54500     180
                                                                                           occupied
817563          11.55          Fixed Rate        654.87     3/23/14     Single Family      Owner occupied      77500     180
817596          10.95          Fixed Rate        290.26      3/5/14     Single Family      Owner occupied      34000     180
817615          12.85          Fixed Rate        310.51      3/2/14     Single Family      Owner occupied     127000     180
817622          11.99          Fixed Rate        271.57      4/5/14     Single Family      Owner occupied     119000     180
817678           12.8          Fixed Rate       1597.71      3/9/14     Single Family      Owner occupied     535000     180
817685           8.95          Fixed Rate        202.26      3/8/14     Single Family      Owner occupied      78000     180
817696          10.25          Fixed Rate        842.34      3/8/29     Single Family      Owner occupied     120000     360
817703          12.65          Fixed Rate        381.93      3/3/14     Single Family      Owner occupied     236000     180
817715             12          Fixed Rate        246.33     2/19/14     Single Family      Not Owner           26000     180
                                                                                           occupied
817716          10.45          Fixed Rate        464.61     3/22/29     Single Family      Owner occupied      60000     360
817770          10.75          Fixed Rate        331.39      3/4/14     Single Family      Not Owner           54000     180
                                                                                           occupied
817789           11.5          Fixed Rate       1047.73      3/5/29     Single Family      Owner occupied     123000     360
817805           12.8          Fixed Rate        375.57     3/10/14     Single Family      Owner occupied     105000     180
817834           8.85          Fixed Rate         787.5     3/10/14     Single Family      Owner occupied     124000     180
817876           11.8          Fixed Rate         543.8      4/5/14     Single Family      Owner occupied     240000     180
817895          10.35          Fixed Rate        238.08      5/5/14     Single Family      Owner occupied      31000     180
817907           8.49          Fixed Rate       1532.57     3/17/29     Single Family      Not Owner          285000     360
                                                                                           occupied
817914            9.8          Fixed Rate        752.39     3/12/14     Single Family      Not Owner          109000     180
                                                                                           occupied
817926          10.85          Fixed Rate        295.89      3/9/14     Single Family      Not Owner           35000     180
                                                                                           occupied
817930          10.85          Fixed Rate        338.16      3/9/14     Single Family      Not Owner           40000     180
                                                                                           occupied
817931          10.85          Fixed Rate        287.43     4/15/14     Single Family      Not Owner           34000     180
                                                                                           occupied
817952           8.69          Fixed Rate        478.04     3/23/14     Single Family      Owner occupied      80000     180
817966          11.99          Fixed Rate        274.21      3/3/14     Single Family      Owner occupied     114300     180
817972          11.99          Fixed Rate        400.64      4/5/14     Single Family      Owner occupied     167000     180
817980           8.35          Fixed Rate        1104.1     3/15/29     Single Family      Owner occupied     182000     360
817991          12.25          Fixed Rate        402.39      3/5/14     Single Family      Owner occupied      48000     180
818007           9.74          Fixed Rate       1096.87     3/29/14     Single Family      Owner occupied     129500     180
818011           9.65          Fixed Rate        787.93     3/29/14     Single Family      Owner occupied     104500     180
818014          12.95          Fixed Rate        378.59      3/8/14     Single Family      Owner occupied     130000     180
818038           10.3          Fixed Rate        327.91     3/16/14     Single Family      Owner occupied      88000     180
818059          11.99          Fixed Rate        363.86     3/18/14     Single Family      Owner occupied     177000     180
818075          10.75          Fixed Rate        493.22      3/3/14     Single Family      Owner occupied      55000     180
818078           11.6          Fixed Rate        458.05     3/12/29     Single Family      Owner occupied      54000     360
818133          10.75          Fixed Rate        833.13      4/5/14     Single Family      Owner occupied     105000     180
818142          12.75          Fixed Rate        477.06     3/15/29     Single Family      Owner occupied     185000     360
818143            9.7          Fixed Rate       1197.68     5/18/29     Single Family      Owner occupied     175000     360
818149          10.15          Fixed Rate        600.75     3/22/14     Single Family      Owner occupied     130000     180
818151           10.5          Fixed Rate        219.54     3/15/14     Single Family      Not Owner           30000     180
                                                                                           occupied
818180          10.85          Fixed Rate        647.88      3/5/14     Single Family      Owner occupied      81000     180
818182           12.8          Fixed Rate         266.7     3/22/14     Single Family      Owner occupied     142000     180
818183           9.75          Fixed Rate        474.25      3/9/14     Single Family      Owner occupied      69000     180


                                     I-A-9

(table continued)

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
818216      DANIEL              2499  NARROW LAKE ROAD        CHARLOTTE          48813      MI    1          71.380616     89181.35
818221      SPRUELL              521  WALNUT RIDGE DR         CEDAR HILL         63016      MO    1        78.70718571     54802.66
818231      BUTTERFIELD          321  W MAIN ST               CARDINGTON         43315      OH    1        84.79417347     83015.32
818253      CALHOUN             1463  OLD HWY 90 LOOP ROAD    BRONSTON           42518      KY    1        74.82220313     47839.39
818264      BURNS               1836  S MAYWOOD AVE           INDEPENDENCE       64052      MO    1        73.78829596     32817.13

818282      TEISLER               17  W SILVERWOOD DR         PHOENIX            85045      AZ    2        89.87455333     29558.76
818292      PLATT                215  DIXON ST                MULLINS            29574      SC    1            79.9375      57532.2
818296      MEDINA              1323  MARCH ST                KALAMAZOO          49001      MI    1           74.87026      37409.8
818329      ASHCROFT             504  KINGSTON RD             DEFORD             48729      MI    1        58.13404412     39426.18

818342      LEWIS               2440  -42 W STATE ST          MILWAUKEE          53233      WI    1        78.45235431     33577.68

818380      BRUNER               128  ROBERT RD               NICHOLASVILLE      40356      KY    1           79.75919     79717.94
818410      HEINEN              6123  BROWNS PKWY             LOVES PARK         61111      IL    1         84.8569125     67838.22
818413      JACKSON\        12624-26  EDMONTON AVE            CLEVELAND          44108      OH    1        74.87120833     35925.71
             CURRY
818433      COOPER               198  PEGUES RD               HOLLY SPRINGS      38635      MS    1        72.07565455     39364.14
818443      LAWRENCE            9417  W ARIZONA AVE           LAKEWOOD           80232      CO    2        84.69831333     39717.78
818482      MILES               6066  S GORDON RD             AUSTELL            30168      GA    1        84.77917647     43218.05
818486      SAYED EL           13133  S MORROW CIR            DEARBORN           48126      MI    2        99.85314194     30738.72
818521      HERRELL              832  MONTCLAIR ST            MADISON            47250      IN    1        55.51990141     39323.08
818525      WASHINGTON           134  NE 1281                 KNOB NOSTER        65336      MO    2        76.75398824     19690.94
818528      JONES               6030  WESTWOOD                DETROIT            48228      MI    1        72.03274286     50363.27
818561      CAMPBELL             236  MURPHY LN               NICHOLASVILLE      40356      KY    1        79.73562353     67741.72
818571      BLAKE               3430  WOODWORTH               HAZELCREST         60429      IL    2        95.29441667     18108.03
818579      KING                7752  S GLENCOE CT            LITTLETON          80122      CO    2        81.49442353     67792.09
818608      PIERCE               214  WASHINGTON STREET       CLARKSBURG         26301      WV    1        74.46961798     66239.97
818642      SPENCER             3751  ROCKSIDE RD             SEVEN HILLS        44131      OH    1        62.40571875     99818.08
818651      WYNNE               2203  KINGSWOOD LN            BRANDON            33511      FL    2        99.79561157     23901.74
818674      BEVIL               4848  S PRAIRIE AVE STE 2S    CHICAGO            60615      IL    1        73.49544667    110186.77
818676      KWIATEK             1024  ORLAND RD               BRONSON            49028      MI    1        56.60353061     27603.66
818696      THYER              17212  SHETLAND DR             TINLEY PARK        60477      IL    1        83.85980603    194372.24
818756      BUXTON               510  W MAIN ST               FESTUS             63028      MO    1        79.53516216     29428.01
818761      REICHART            1901  N BALLENGER HWY         FLINT              48504      MI    1        89.81807692     34999.79

818763      HALL                3518  GRAND AVE               LOUISVILLE         40211      KY    1        83.42136364     45861.45
818771      GARLOUGH             100  KATSURA CIR             MILLIKEN           80543      CO    2        99.79421906     28354.22
             GARLOU
818776      OLSON               1429  E WINDSOR AVE           PHOENIX            85006      AZ    2        83.21443678     21834.11
818779      JOHNSON             3301  E 130TH ST              CLEVELAND          44128      OH    1        79.88956897      46309.4

818802      BASIL                201  GAY ST                  GLASGOW            42141      KY    1        79.09987692     51294.68
818861      MACHINIAK           7256  WESTMINSTER             WARREN             48091      MI    1            89.8612      35921.5
818870      HAWKINS            50779  HEATHER LN              ELKHART            46514      IN    2        84.66927049     25670.87
818880      CHANDLER            1200  REGEHR AVE              CHARLOTTE          28214      NC    1        50.18842718      51631.2
818891      MENGEL              3948  GREENMONT DR            SOUTH BEND         46628      IN    1        89.84517647      45804.8
818927      GOODMAN             4617  WOLFSPRING DR           LOUISVILLE         40241      KY    1        79.72745355    145697.06
818930      GOODMAN             4617  WOLFSPRING DR           LOUISVILLE         40241      KY    2         99.8139235     36118.06
818932      MAUPIN                69  N ROSELAWN              PONTIAC            48342      MI    1        79.81524444     35902.57

818943      KIZER                900  E KIBBY                 LIMA               45804      OH    1        89.82753333     40390.36
818979      FELLOWS             1416  STANLEY AVE             MORGANFIELD        42437      KY    1        79.86008889     35913.88

818990      SOLANO              3441  S UTICA ST              DENVER             80236      CO    1        89.78884211    136346.96

                                     I-A-10

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

818216            9.7          Fixed Rate        765.66     3/16/14     Single Family      Owner occupied     125000     180
818221           9.75          Fixed Rate        593.24     3/24/14     Manufactured       Owner occupied      70000     180
818231           9.65          Fixed Rate        709.57     3/23/14     Single Family      Owner occupied      98000     180
818253           9.75          Fixed Rate        412.39     3/29/14     Single Family      Owner occupied      64000     180
818264              9          Fixed Rate        339.27     3/15/14     Single Family      Not Owner           44600     180
                                                                                           occupied
818282           11.8          Fixed Rate         356.2     3/26/14     Single Family      Owner occupied     300000     180
818292           10.6          Fixed Rate         531.2     7/12/29     Single Family      Owner occupied      72000     360
818296           11.5          Fixed Rate        371.36     3/24/29     Single Family      Owner occupied      50000     360
818329           10.7          Fixed Rate        404.74     3/30/19     Single Family      Not Owner           68000     240
                                                                                           occupied
818342           11.5          Fixed Rate        400.92     3/23/14     Single Family      Not Owner           44000     180
                                                                                           occupied
818380            9.5          Fixed Rate        672.68     3/17/29     Single Family      Owner occupied     102000     360
818410          11.35          Fixed Rate        665.63     3/17/14     Single Family      Owner occupied      80000     180
818413          11.35          Fixed Rate        352.39      4/5/14     Multiple Family    Not Owner           50000     180
                                                                                           occupied
818433          10.95          Fixed Rate        453.38     3/30/14     Single Family      Owner occupied      55000     180
818443          12.25          Fixed Rate        447.43     3/29/19     Single Family      Owner occupied     150000     240
818482           10.2          Fixed Rate        386.85     3/11/29     Single Family      Owner occupied      66000     360
818486          11.99          Fixed Rate        341.12     3/16/19     Single Family      Owner occupied     155000     240
818521          10.65          Fixed Rate        445.89     3/17/14     Single Family      Owner occupied      71000     180
818525           13.2          Fixed Rate        281.25      4/5/14     Single Family      Owner occupied      85000     180
818528          10.75          Fixed Rate        471.41     3/26/14     Single Family      Owner occupied      70000     180
818561           9.75          Fixed Rate        584.23     3/15/14     Single Family      Owner occupied      85000     180
818571          11.99          Fixed Rate        219.92     4/13/14     Single Family      Owner occupied      96000     180
818579           12.3          Fixed Rate        736.23     3/26/14     Single Family      Owner occupied     510000     180
818608              9          Fixed Rate        535.07     3/19/14     Manufactured       Owner occupied      89000     180
818642          11.85          Fixed Rate       1017.08      4/5/14     Single Family      Owner occupied     160000     180
818651          11.99          Fixed Rate        290.28      4/7/14     Single Family      Owner occupied     121000     180
818674             13          Fixed Rate       1222.35     3/30/29     Single Family      Owner occupied     150000     360
818676          10.69          Fixed Rate        312.82     4/20/14     Single Family      Owner occupied      49000     180
818696           9.95          Fixed Rate       1704.06     3/24/14     Single Family      Owner occupied     232000     180
818756            9.7          Fixed Rate        253.22     3/15/14     Single Family      Owner occupied      44000     180
818761           10.5          Fixed Rate        321.07     3/30/14     Single Family      Not Owner           45000     180
                                                                                           occupied
818763          10.25          Fixed Rate        412.21     3/26/29     Single Family      Owner occupied      55000     360
818771          11.99          Fixed Rate         345.1     3/23/14     Single Family      Owner occupied     143852     180

818776          12.25          Fixed Rate         268.8      4/5/14     Single Family      Owner occupied      87000     180
818779          12.25          Fixed Rate        486.22     3/19/29     Single Family      Not Owner           63500     360
                                                                                           occupied
818802          10.95          Fixed Rate         589.4     4/12/14     Single Family      Owner occupied      65000     180
818861          11.75          Fixed Rate        363.39     3/29/14     Single Family      Owner occupied      42000     180
818870          12.25          Fixed Rate        316.24      4/6/14     Single Family      Owner occupied     122000     180
818880             11          Fixed Rate        536.74      4/5/19     Single Family      Owner occupied     103000     240
818891          11.25          Fixed Rate        445.81     4/12/14     Single Family      Owner occupied      61000     180
818927           7.99          Fixed Rate       1073.21     3/29/14     Single Family      Owner occupied     183000     180
818930          12.99          Fixed Rate        462.84     3/29/14     Single Family      Owner occupied     183000     180
818932          10.75          Fixed Rate        336.05     3/19/29     Single Family      Not Owner           45000     360
                                                                                           occupied
818943          10.75          Fixed Rate        378.06     3/29/14     Single Family      Owner occupied      45000     180
818979          11.74          Fixed Rate        363.11     4/23/14     Single Family      Not Owner           45000     180
                                                                                           occupied
818990            9.8          Fixed Rate       1180.35     3/30/29     Single Family      Owner occupied     152000     360


                                     I-A-10

(table continued)

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
819015      CORNS                707  BROADWAY                WASHINGTON         43160      OH    1         79.1040053     23785.55
                                                               COURT HOUSE
819021      PATMAN               147  FLORENCE HARRIS RD      COLUMBUS           39702      MS    1        89.45423171     73238.48
819041      HOLLIDAY            5525  13TH ST NW              WASHINGTON         20011      DC    1        79.94205926    107882.14
819053      MILLS                644  ANDOVER VILLAGE PL      LEXINGTON          40509      KY    2        99.75348182     43364.08
819055      JUAREZ              1217  E MADISON ST            SOUTH BEND         46617      IN    1        64.57279167     30912.84

819060      HALL                 203  FAIRMONT                LOCKPORT           60441      IL    1        74.85592941     63602.39

819065      SCHRAER              201  W COLE ST               SWAYZEE            46986      IN    1        89.75045455     59201.61
819068      ORGILL              1411  E 3990 S                SALT LAKE CITY     84124      UT    2        89.17586532      27236.7
819084      COLE               10816  W 58TH ST               SHAWNEE MISSION    66203      KS    1        79.75167059     67746.23
819090      CHAPMAN             5517  SABLE ST                DENVER             80239      CO    1        79.64448511     93537.64
819094      COCKFIELD           1031  E 14TH ST               JACKSONVILLE       32206      FL    1           89.90698     44905.66
819116      TURNER               236  PARIS RD, BOX 234       CYNTHIANA          41031      KY    1              74.84     47107.67
                                      US HIGHWAY 27
819136      DAVIS                310  S VICTORY ST            WAUKEGAN           60085      IL    1        60.82641111     54687.53
             DAVIS\BLA
819149      CURINTON            2592  DONNAVILLE ST           DULUTH             30136      GA    1        55.48352381        34943
819154      COOKSEY            12101  ST MARYS                DETROIT            48227      MI    1           74.85325     26839.89

819157      BEAUCHAMP           7244  FULLERTON CT            NEW PORT RICHEY    34655      FL    1        89.86121771     48689.29
819169      WILSON              1027  BELL RD                 WINDER             30680      GA    1        89.83620482     59628.89
819180      TURNER              1405  E 23RD ST               JACKSONVILLE       32208      FL    1        84.97343137     43295.01
819205      PUGH                1720  LAKE AVE                KANSAS CITY        66105      KS    1        79.82480435     36719.41
819209      SWIFT              12719  ROSEMARY                DETROIT            48213      MI    1        74.85158491     39655.19

819217      DAVENPORT           1133  W MAIN ST               PERU               46970      IN    1        78.89489362      37080.6
819310      ANCHONDO            7831  ZENOBIA CT              WESTMINSTER        80030      CO    1        78.09337607     91250.59
819315      TULIANO              201  SUTTON PL               LEXINGTON          40504      KY    1        71.26044872     55426.33
819354      ZAATAR             27634  S BRIDLE HILL DR        FARMINGTON HILLS   48336      MI    2        74.45593585     51265.23
819357      BOLEY               3512  E UNIVERSITY AVE        URBANA             61802      IL    1          89.882025     71881.46
819395      GWIN                8224  E BRENTWOOD             DETROIT            48234      MI    1        79.77822642     42258.42
819406      ALBIN              20150  TEXAS ST                LIVINGSTON         70754      LA    1        74.85473846     48636.19
819408      FOWLER              9794  ANDERS BLVD             JACKSONVILLE       32246      FL    1            84.8318     50878.36
819433      LEONARD              452  DALE ST                 SOMONAUK           60552      IL    1        85.66067742    132716.35
819450      BABWAH              6831  KIMBERLY BLVD           POMPANO BEACH      33068      FL    1        89.78981579    102314.86
819451      ODENEAL              335  S CHICAGO               KANKAKEE           60901      IL    1        84.87576923     55127.76
819461      FARR               14025  SOUTHERN RD             GRANDVIEW          64030      MO    1        79.75908772     45449.46
819474      PARRISH             2410  H AVE                   NEW CASTLE         47362      IN    1        89.19280952      37441.3
819476      CHASE                417  N 12TH ST               NEW CASTLE         47362      IN    1        79.84502222     35915.94
819480      SAVAGE               921  S 16TH ST               NEW CASTLE         47362      IN    1        79.87750909     43905.12
819516      MAUPIN              2236  DAVISTA                 HIGHLAND           483561616  MI    1        79.83825926     86189.46
                                                               TOWNSHIP
819521      MAUPIN             21194  KARL                    DETROIT            48219      MI    1        79.84278205     62252.78

819529      WALKER              4508  SYLVAN OAKS  DR         TROTWOOD           45426      OH    1        69.58626923     90409.39
819549      STEVENS             3528  S FELTON ST             MARION             46953      IN    1        62.61180392     31897.24
819551      GOLDSTEIN           1995  NW 127TH TERR           CORAL SPRINGS      33071      FL    2        69.89444118     45511.43
819553      BIRCH              11584  WOODS BAY LN            INDIANAPOLIS       46236      IN    2        77.03862286     29646.87
819565      NASH               11018  CHELSEA                 DETROIT            48213      MI    1        79.90885185     43117.23
819576      JONES                235  S BARKER AVE            EVANSVILLE         47712      IN    1        64.27233929     35788.04
819582      JOHNSON            33601  EDGEHILL DR             FRANKLIN           23851      VA    1        79.33200542     29146.94
             BANKS

                                     I-A-11

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

819015             11          Fixed Rate        274.69     3/25/14     Single Family      Not Owner           32500     180
                                                                                           occupied
819021           8.99          Fixed Rate        663.52     5/12/19     Single Family      Owner occupied      82000     240
819041          10.95          Fixed Rate       1024.43      7/7/14     Single Family      Owner occupied     135000     180
819053          11.99          Fixed Rate        527.79     3/26/14     Single Family      Owner occupied     220000     180
819055            9.7          Fixed Rate        332.64     3/29/14     Single Family      Not Owner           48000     180
                                                                                           occupied
819060          10.74          Fixed Rate        594.62      4/6/14     Single Family      Not Owner           85000     180
                                                                                           occupied
819065              9          Fixed Rate        477.95      4/5/29     Single Family      Owner occupied      66000     360
819068          12.25          Fixed Rate        285.97     3/29/14     Single Family      Owner occupied     297000     180
819084            8.5          Fixed Rate        522.86      4/6/14     Single Family      Owner occupied      85000     180
819090           9.85          Fixed Rate        812.78     4/14/14     Single Family      Owner occupied     117500     180
819094           11.2          Fixed Rate        435.36     4/27/29     Single Family      Owner occupied      50000     360
819116          10.25          Fixed Rate        423.41     3/30/14     Single Family      Owner occupied      63000     180

819136            9.7          Fixed Rate        470.52     4/26/14     Single Family      Owner occupied      90000     180

819149           11.5          Fixed Rate         346.6      5/4/29     Single Family      Owner occupied      63000     360
819154          12.24          Fixed Rate        328.23     7/21/14     Single Family      Not Owner           36000     180
                                                                                           occupied
819157          11.75          Fixed Rate        492.39     4/16/29     Single Family      Owner occupied      58000     360
819169          10.99          Fixed Rate        568.66     4/12/29     Single Family      Owner occupied      67000     360
819180           11.6          Fixed Rate         432.6     6/18/29     Single Family      Owner occupied      51000     360
819205             11          Fixed Rate        350.46      4/6/14     Single Family      Owner occupied      47000     180
819209           10.6          Fixed Rate        366.58     4/12/29     Single Family      Not Owner           53000     360
                                                                                           occupied
819217          10.75          Fixed Rate        421.48      4/2/14     Manufactured       Owner occupied      47000     180
819310            8.6          Fixed Rate        713.93     3/30/14     Single Family      Owner occupied     117000     180
819315           8.95          Fixed Rate        571.38     3/30/14     Single Family      Owner occupied      78000     180
819354           10.5          Fixed Rate        574.81      4/7/14     Single Family      Owner occupied     265000     180
819357          11.45          Fixed Rate        710.26     5/17/14     Single Family      Owner occupied      80000     180
819395              9          Fixed Rate        341.16      4/2/14     Single Family      Owner occupied      53000     180
819406           10.7          Fixed Rate        453.24      4/5/29     Single Family      Owner occupied      65000     360
819408           10.6          Fixed Rate        470.33      4/8/29     Single Family      Owner occupied      60000     360
819433          10.25          Fixed Rate       1191.81     5/18/14     Single Family      Owner occupied     155000     180
819450           10.2          Fixed Rate        915.59     4/19/29     Single Family      Owner occupied     114000     360
819451          10.95          Fixed Rate        524.07     4/22/14     Single Family      Owner occupied      65000     180
819461          12.45          Fixed Rate         484.9      4/2/29     Single Family      Owner occupied      57000     360
819474           12.6          Fixed Rate        403.13     4/30/29     Single Family      Owner occupied      50000     360
819476           10.7          Fixed Rate         334.7     4/27/29     Single Family      Owner occupied      45000     360
819480          11.85          Fixed Rate        447.52     3/30/14     Single Family      Owner occupied      55500     180
819516           10.5          Fixed Rate        790.33     4/16/14     Single Family      Owner occupied     108000     180

819521          10.75          Fixed Rate        582.49      4/8/29     Single Family      Not Owner           78000     360
                                                                                           occupied
819529            9.1          Fixed Rate        738.76     4/16/29     Single Family      Owner occupied     130000     360
819549           9.19          Fixed Rate        261.87     4/16/14     Single Family      Owner occupied      51000     180
819551          11.55          Fixed Rate        453.31     4/12/29     Single Family      Owner occupied     170000     360
819553           12.5          Fixed Rate        369.76     4/14/14     Single Family      Owner occupied     350000     180
819565          10.75          Fixed Rate        403.26     5/10/14     Single Family      Owner occupied      54000     180
819576           8.69          Fixed Rate        362.51     4/26/14     Single Family      Owner occupied      56000     180
819582          11.74          Fixed Rate        349.37     4/28/14     Single Family      Not Owner           59000     180
                                                                                           occupied

                                     I-A-11

(table continued)

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
819585      THOMPSON            2878  N 38TH ST               MILWAUKEE          53210      WI    1        89.76541203     40268.84
819633      CARLSON             2720  HANKINSON RD            GRANVILLE          43023      OH    1        70.48455556    380366.51
819644      RICKETTS            2213  LINCOLN WAY W           SOUTH BEND         46628      IN    1        84.87181395     36483.52
819672      ENGLAND              415  SCHUBERT AVE            MAYSVILLE          41056      KY    1        74.90905455     41174.46
819684      LOVING             11011  RIVER RD                CHESTERFIELD       23838      VA    1        79.86048045    142904.04
819702      ANDERSEN           13059  S 3100 W                RIVERTON           84065      UT    2        89.63550256     22745.68
819726      HOLMAN               207  PIKES PEAK PL           LONGMONT           80501      CO    1        79.81230284    126441.53
819735      PETRUZZI            8860  STATE RT 37             SUNBURY            43074      OH    1           66.47682    199314.01
819784      PAUL               22020  CHURCHILL               RICHTON PARK       60471      IL    1         79.8504661     94178.53

819785      CARLISLE           13009  OLD DAYTON PIKE         SODDY DAISY        37379-     TN    1        79.06976296    106744.18
819798      NILES               2233  THOMPSON                FORT WAYNE         46802      IN    1                 75     41213.02
819830      KNAPP               2517  MACKIN RD               FLINT              48504      MI    1        89.90109557     38556.69
819833      WILLIAMSON           520  W MARY ST               BUCYRUS            44820      OH    1        65.47632895     49836.38
819840      ABADIE              4422  DABNEY DR               SAINT LOUIS        631344112  MO    1         87.8257732     42578.15
819851      JUAREZ               503  W MARION ST             SOUTH BEND         46601      IN    1        79.46439623     42057.93

819860      BUSS                 904  W 29TH ST               SAN PEDRO          90731      CA    2            89.8627     53692.62
819887      BORK                2807  NORWAY PINE RD          ROCKFORD           61109      IL    2        89.79480682     22361.37
819895      POSNER             41309  OLIVET DR               STERLING HEIGHTS   48313      MI    1        89.88400741     121237.3
819898      COPELAND            2563  MAPLEWOOD AVE           TOLEDO             43610      OH    1           79.05715      31545.5
819929      BERNARD             7501  E BERRIDGE LN           SCOTTSDALE         85250      AZ    2        72.08072927     49290.31
819952      ROBERSON            5085  ROBERSON FARM RD        KERNERSVILLE       27284      NC    1          72.555104     90588.53
819985      MORRIS               972  GREEN RIDGE DR          RICHMOND           232257352  VA    1        74.89638235     50915.02

819996      CURTIS             12214  LITTLEWOOD DR           BATON ROUGE        70807      LA    1        74.92768421     35572.97
820001      NELSON              3789  RACHEL DR               SANTA CLARA        84765      UT    2        89.97775549     19964.52
820012      BROOKS                59  W BURNS AVE             AKRON              44310      OH    1        52.70375362     36340.29
820047      EASTON             11765  MANDARIN RD             JACKSONVILLE       32223      FL    2        39.80958043     74895.46
820067      AUSTIN              1385  HARVEY                  WESTLAND           48186      MI    1        79.83788009     74465.95
820068      SHOOK                712  RANDALL ST              LANSING            48906      MI    1        78.36780702     44649.14
820077      HUNTER              1811  WALKER AVE              KANSAS CITY        66104      KS    1        84.88382979     39867.55
820102      PETTY               1124  6TH AVE NORTH           COLUMBUS           39701      MS    1        39.77433871     24428.04
820118      OMO                  850  S ANGOLA RD             COLDWATER          49036      MI    1        54.21547287     34958.44
820139      ROBINSON            2280  WINDSOR                 FLORISSANT         63033      MO    1        89.93084946     83570.54
820174      AGEMY                122  LAWDALE PL              MICHIGAN CITY      46360      IN    1        54.90968807     59813.79
820227      MASON                351  MARTIN LUTHER KING D    GEORGETOWN         40324      KY    1             89.873     85297.27
820229      RUSSELL              585  HUGHLEY LN              HARRODSBURG        40330      KY    1        84.81756164     61882.89
820236      EDGE                 930  N 4TH AVE               SAN MANUEL         85631      AZ    1        89.79975309      72737.8
820247      SANTANA             4720  STAFFORD AVE            LANSING            48910      MI    1        46.92092617     34944.85
820265      BARNES              5471  HIGH TIDE CT            COLUMBIA           21044      MD    1        79.80889524     83773.04
820266      TREPINS             1158  FOURTH ST               GRAND RAPIDS       49504      MI    1        74.92901449     51666.21
820270      HAWKS               2712  W BALTIMORE ST          BALTIMORE          21223      MD    1         84.9082381     53472.57
820306      SANCHEZ             3080  W 55TH PL               DENVER             80221      CO    2          89.796904     21534.06
             SANCHEZ
820313      SMITH              19815  GLADSTONE RD            WARRENSVILLE       44122      OH    1        37.17471277      34915.6
                                                               HEIGHTS
820347      BOYLE                465  BERWYN DR               MADISON            53711      WI    2        79.58079333     19776.94
820378      ROGERS             21608  S JEFFREY AVE           SAUK VILLAGE       60411      IL    1        79.41555789     75256.62
820382      FEI LAM\CHENG        336  LOYOLA DR               ELYRIA             44035      OH    1        74.88917901    121274.56
820403      WILSON               601  CALHOUN DR              SEFFNER            33584      FL    1         47.1763375     37653.21
820406      GLENN              17331  HEYDEN                  DETROIT            48219      MI    1        47.69914667     35620.25
820412      COLLINS             7510  GREER DR                FORT WASHINGTON    20744      MD    1        89.83537333    134700.02

                                     I-A-12

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

819585          10.25          Fixed Rate        362.11     4/21/14     Single Family      Owner occupied      47000     180
819633           8.25          Fixed Rate       2866.83     5/10/14     Single Family      Owner occupied     540000     180
819644          11.85          Fixed Rate        371.74     4/16/14     Multiple Family    Owner occupied      43000     180
819672          11.85          Fixed Rate        419.55     4/27/14     Single Family      Owner occupied      55000     180
819684           11.7          Fixed Rate       1439.99      5/4/29     Single Family      Owner occupied     179000     360
819702          13.15          Fixed Rate        293.28     4/21/14     Single Family      Owner occupied     195000     180
819726            9.8          Fixed Rate       1094.07     4/23/14     Single Family      Owner occupied     159000     180
819735           8.87          Fixed Rate       1590.57     4/16/29     Single Family      Owner occupied     300000     360
819784            9.8          Fixed Rate        814.51     5/18/14     Single Family      Not Owner          118000     180
                                                                                           occupied
819785           8.25          Fixed Rate        804.01     5/12/29     Single Family      Owner occupied     135000     360
819798          11.85          Fixed Rate        419.55      7/6/14     Single Family      Owner occupied      55000     180
819830          12.25          Fixed Rate        404.59      5/6/29     Single Family      Owner occupied      42900     360
819833          10.05          Fixed Rate        440.63      6/3/29     Single Family      Owner occupied      76000     360
819840           10.6          Fixed Rate        393.61     4/21/14     Single Family      Owner occupied      48500     180
819851             10          Fixed Rate        409.17     4/16/19     Single Family      Not Owner           53000     240
                                                                                           occupied
819860           12.6          Fixed Rate        581.08     5/11/14     Single Family      Owner occupied     250000     180
819887           12.2          Fixed Rate        274.58     4/29/14     Single Family      Owner occupied      88000     180
819895           10.2          Fixed Rate       1084.25     5/24/29     Single Family      Owner occupied     135000     360
819898          10.45          Fixed Rate        352.74     4/23/14     Single Family      Owner occupied      40000     180
819929          10.45          Fixed Rate        551.15     4/20/14     Single Family      Owner occupied     410000     180
819952          8.875          Fixed Rate        723.24     4/20/29     Single Family      Owner occupied     125000     360
819985          12.25          Fixed Rate        534.43     4/29/14     Single Family      Not Owner           68000     180
                                                                                           occupied
819996          12.85          Fixed Rate        389.91     4/20/14     Single Family      Owner occupied      47500     180
820001           12.8          Fixed Rate        218.12      5/4/29     Single Family      Owner occupied     159500     360
820012          11.65          Fixed Rate        365.64     4/22/14     Single Family      Owner occupied      69000     180
820047          13.05          Fixed Rate        832.58     4/28/29     Single Family      Owner occupied     460000     360
820067              8          Fixed Rate        548.27     5/27/29     Single Family      Owner occupied      94000     360
820068           9.99          Fixed Rate        392.38     5/10/14     Single Family      Owner occupied      57000     180
820077           11.3          Fixed Rate        389.54     4/21/14     Single Family      Owner occupied      47000     180
820102          11.45          Fixed Rate        350.77     5/11/09     Single Family      Owner occupied      62000     120
820118           11.9          Fixed Rate        357.32      6/5/29     Single Family      Owner occupied      64500     360
820139           10.7          Fixed Rate        778.18     6/28/14     Single Family      Owner occupied      94000     180
820174           8.45          Fixed Rate        459.22     5/17/14     Single Family      Owner occupied     109000     180
820227           9.75          Fixed Rate        734.58     5/25/29     Single Family      Owner occupied      95000     360
820229           9.14          Fixed Rate        505.53     5/14/29     Single Family      Owner occupied      73000     360
820236          10.05          Fixed Rate        642.44      5/5/14     Single Family      Owner occupied      81000     180
820247          11.65          Fixed Rate        350.61     5/21/14     Single Family      Owner occupied      74500     180
820265          11.95          Fixed Rate         860.8     5/17/29     Single Family      Owner occupied     105000     360
820266          13.35          Fixed Rate        586.65      5/5/14     Single Family      Owner occupied      69000     180
820270             11          Fixed Rate        509.97      6/2/29     Single Family      Owner occupied      63000     360
820306           12.3          Fixed Rate        265.25      5/5/14     Single Family      Owner occupied     125000     180

820313          10.55          Fixed Rate        321.47     4/30/14     Single Family      Not Owner           94000     180
                                                                                           occupied
820347          12.45          Fixed Rate        245.85     5/18/14     Single Family      Owner occupied     150000     180
820378           9.99          Fixed Rate        816.24      6/3/14     Single Family      Owner occupied      95000     180
820382           10.9          Fixed Rate        1147.9     5/18/14     Single Family      Owner occupied     162000     180
820403          10.75          Fixed Rate        425.96      6/8/14     Single Family      Owner occupied      80000     180
820406          11.65          Fixed Rate        423.99     5/19/14     Single Family      Owner occupied      75000     180
820412          10.75          Fixed Rate        1260.2     5/24/14     Single Family      Owner occupied     150000     180


                                     I-A-12

(table continued)

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
820443      PLASKY              2302  CLUBHOUSE DR            PLANT CITY         33567      FL    1        89.47077397    260649.22
820469      BARBER               358  CATHERINE ST            ROCK HILL          29730      SC    1        89.90165672     60212.01
820477      COUNCELLER          2132  SPRING ST               NEW CASTLE         47362      IN    1        89.88259048     47147.09
820496      COLE                3828  S WILKESON ST           TACOMA             98408      WA    1        79.90480952     67065.56
820500      MANOR                730  HIBISCUS AVE            LAKE WALES         33853      FL    1        84.84537109     43422.67
820539      GAMBLE               505  CULLODEN ST             SUFFOLK            23434      VA    1        74.32174074     20020.05

820548      ORDOVEZA             225  N CHURCH ST             BELLEVILLE         62220      IL    2        89.93912941     21571.57
820561      DUNLAP              1151  31ST ST                 NEWPORT NEWS       23607      VA    1        74.04854054     27240.76
820568      PUCHALSKI           6288  MULBERRY AVE            PORTAGE            46368      IN    1        89.58338525    109194.25
820585      MCGLOTHLIN           730  STURGEON AVE            OWENSBORO          42301      KY    1        84.94541935     52631.67
820636      JACKSON             7139  S SAINT LAWRENCE        CHICAGO            60619      IL    1        53.36784314     54291.21
820669      WALDERO               32  APOLLO LN               PUEBLO             81001      CO    1        85.14327826     97784.22
820702      GREEN               1949  W 45TH ST               JACKSONVILLE       32209      FL    1        89.86263043     41304.36
820761      HOOPER             13532  SOUTH AVE K             CHICAGO            60633      IL    1        89.87540918      45011.6
820770      AMES                1654  STATE RT 235            DEGRAFF            43318      OH    1        79.41314667      59411.3
820825      CASE                 150  SW 120TH LN             POMPANO BEACH      33071      FL    1        89.93894828    260551.09
820832      TURNER                    RR 3 BOX 218D           MOUNT CARMEL       62863      IL    2        79.64187097     41457.26
820838      WINFIELD            1552  WOODLAND AVE            TOLEDO             43607      OH    1          84.169325     33582.92
820851      BUNETA               507  JOHN ST                 COLLINSVILLE       62234      IL    1        79.27320588     26889.72
820852      WALKER               311  RANGE AVE               CAHOKIA            62206      IL    1        79.25302632     30043.63
820882      WOLFF               1305  MAIN ST                 CHARLESTOWN        47111      IN    1         69.8875264     46300.09
820912      HAYNES              1854  E 30TH ST               LORAIN             44055      OH    1        79.85670492     48690.28

820929      BRADLEY             2366  23RD ST                 HOPKINS            49328      MI    1        47.91544828     34671.61
820948      MCCARTHY             667  SUNCREST RD             PALMER LAKE        80133      CO    1          78.328315    156543.97
820962      MCFARLEN            1601  E MAIN ST               KALAMAZOO          49001      MI    1        69.93224449      34884.7

820975      LAUGHLIN             704  BEECH ST                GAFFNEY            29340      SC    1        74.47866667     22245.71
821024      BENNETT              202  BLUE GRASS AVE          LEXINGTON          40505      KY    1         84.2242766     39492.21
821027      ROBINSON            6911  MIDWOOD AVE             HAZELWOOD          63042      MO    1           89.84875     43094.79
821043      SKINNER              414  ELM ST                  THAYER             62689      IL    1        74.97727273      32979.9

821050      HARGROVE            5819  WHISTLEWOOD CIR         SARASOTA           34232      FL    2        84.33220339     40454.75
821052      GODFREY             5917  TALL BULL PL            COLORADO CITY      81019-     CO    1        89.86703659     73690.97
821055      EDEH                3693  E 49TH STREET           CLEVELAND          44103      OH    1                 80     41585.96

821076      ELDER               3136  LONGHORN CT             FORT COLLINS       80526      CO    2        89.83038333     57698.78
821077      MCCARNEY              17  CHIPS CT                SMITHSBURG         21783      MD    2        84.68262911      33741.3
821099      MADDOX             18310  ANTHONY AVE             COUNTRY CLUB       60478      IL    1        89.94389623     95330.92
                                                               HILLS
821122      INGRAM               558  EILER ST                SAINT LOUIS        63111      MO    1        69.93082143     39136.99

821127      MCCASTER           20070  IRVINGTON               DETROIT            48203      MI    1            79.9486     39948.11
821129      PROM                8067  STATE RT 204 NW         THORNVILLE         43076      OH    1        79.83948148     86213.76
821156      BASKERVILLE\RAI     1151  REED RD                 LA CROSS           23950      VA    1          79.928224     99849.05
821184      LIGE                2005  14TH ST S W             BIRMINGHAM         35211      AL    1           70.14275     28046.13
821196      WILSON              2057  RAVEN                   SAINT LOUIS        63133      MO    1        79.92828235     33959.16
821226      SHEPHERD             214  W CROSIER ST            AKRON              44311      OH    1        79.87793333     35931.03

821227      SHEPHERD             235  PARIS AVE               AKRON              44301      OH    1        79.87793333     35931.03

821257      SIVELS              4148  EVERETT ST              CHESAPEAKE         23324      VA    1        85.02597297     62894.78
821265      VANSANT             1103  SE 6TH ST               CAPE CORAL         33990      FL    2        89.88739167     23176.88
821280      GEE                 9809  SLALOM RUN DR           WOODSTOCK          21163      MD    2        87.55714074     22897.14

                                     I-A-13

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

820443          10.75          Fixed Rate       2945.85     7/21/14     Single Family      Owner occupied     292000     180
820469             11          Fixed Rate        574.25      6/1/29     Single Family      Owner occupied      67000     360
820477           10.2          Fixed Rate        421.65     5/26/29     Single Family      Owner occupied      52500     360
820496          10.55          Fixed Rate        617.22     5/24/29     Single Family      Owner occupied      84000     360
820500          10.45          Fixed Rate        396.47      5/4/14     Single Family      Owner occupied      51200     180
820539          10.85          Fixed Rate        228.26     5/11/14     Single Family      Not Owner           27000     180
                                                                                           occupied
820548           13.3          Fixed Rate        244.01     4/30/29     Single Family      Owner occupied      85000     360
820561          12.85          Fixed Rate        345.23     5/12/14     Single Family      Owner occupied      37000     180
820568          10.45          Fixed Rate       1000.28     4/30/14     Single Family      Owner occupied     122000     180
820585           11.5          Fixed Rate        521.88     6/15/14     Single Family      Owner occupied      62000     180
820636           9.45          Fixed Rate        572.67     5/17/14     Single Family      Owner occupied     102000     180
820669           10.1          Fixed Rate        867.27     5/14/29     Single Family      Owner occupied     115000     360
820702          10.75          Fixed Rate        386.46     4/29/14     Single Family      Owner occupied      46000     180
820761           11.2          Fixed Rate        436.23     5/24/29     Single Family      Owner occupied      51000     360
820770           9.99          Fixed Rate         644.4      6/1/14     Manufactured       Owner occupied      75000     180
820825          11.25          Fixed Rate       2534.99     5/12/14     Single Family      Owner occupied     290000     180
820832           13.6          Fixed Rate        478.61     5/17/14     Single Family      Owner occupied     124000     180
820838             10          Fixed Rate        365.37     5/24/14     Single Family      Owner occupied      40000     180
820851           10.8          Fixed Rate        305.75     5/10/14     Single Family      Owner occupied      34000     180
820852           10.5          Fixed Rate        336.04      5/4/14     Single Family      Owner occupied      47000     180
820882           10.9          Fixed Rate        438.47     5/12/14     Single Family      Owner occupied      66300     180
820912             10          Fixed Rate        428.25     5/17/14     Single Family      Not Owner           61000     180
                                                                                           occupied
820929           12.9          Fixed Rate        440.53     5/19/14     Single Family      Owner occupied      72500     180
820948            7.8          Fixed Rate       1130.92     5/19/29     Single Family      Owner occupied     200000     360
820962           11.5          Fixed Rate        345.91      6/8/14     Multiple Family    Not Owner           49900     180
                                                                                           occupied
820975           11.5          Fixed Rate        262.84     5/24/14     Single Family      Owner occupied      30000     180
821024          10.75          Fixed Rate        447.82     5/24/14     Single Family      Owner occupied      47000     180
821027          10.95          Fixed Rate        409.77     5/21/29     Single Family      Owner occupied      48000     360
821043          11.74          Fixed Rate        332.85     8/13/14     Single Family      Not Owner           45000     180
                                                                                           occupied
821050           13.2          Fixed Rate        454.35     5/19/29     Single Family      Owner occupied     118000     360
821052           10.9          Fixed Rate        697.24     5/17/14     Single Family      Owner occupied      82000     180
821055          11.25          Fixed Rate        404.04     9/22/29     Single Family      Not Owner           52000     360
                                                                                           occupied
821076           12.8          Fixed Rate        632.54      6/7/14     Single Family      Owner occupied     180000     180
821077           12.7          Fixed Rate        423.49     6/16/14     Single Family      Owner occupied     106500     180
821099          10.95          Fixed Rate        904.91      8/9/14     Single Family      Owner occupied     106000     180

821122          13.75          Fixed Rate        456.72     5/21/14     Single Family      Not Owner           56000     180
                                                                                           occupied
821127           11.5          Fixed Rate        396.12      6/2/29     Single Family      Owner occupied      50000     360
821129           10.2          Fixed Rate        771.02     5/20/29     Single Family      Owner occupied     108000     360
821156          11.85          Fixed Rate       1017.08     5/25/14     Single Family      Owner occupied     125000     180
821184          10.75          Fixed Rate        262.31     5/28/29     Single Family      Owner occupied      40000     360
821196          11.85          Fixed Rate        345.81     6/14/14     Single Family      Owner occupied      42500     180
821226          10.75          Fixed Rate        336.05     5/20/29     Single Family      Not Owner           45000     360
                                                                                           occupied
821227          10.75          Fixed Rate        336.05     5/20/29     Single Family      Not Owner           45000     360
                                                                                           occupied
821257          10.75          Fixed Rate        588.09      6/2/14     Single Family      Owner occupied      74000     180
821265           12.5          Fixed Rate        287.89     6/11/14     Single Family      Owner occupied     120000     180
821280           12.3          Fixed Rate        241.91     5/25/29     Single Family      Owner occupied     270000     360


                                     I-A-13

(table continued)

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
821310      WICKERSON           6715  S PARNELL               CHICAGO            60621      IL    1        84.86310588     72103.91
821353      IRBY IRBY\          2940  W 82ND ST               CHICAGO            60652      IL    1        74.96432727    123631.01
             MOORE
821374      THOMPSON            1426  S 32ND ST               LOUISVILLE         40211      KY    1        89.54887417     67531.25
821385      COLEMAN             5246  FREEMONT ST             JACKSONVILLE       32210      FL    1        84.90826667     50907.42
821395      MAXWELL SR           811  DELIA ST                ANDERSON           29624      SC    1        84.82904762     26611.84
821443      BRITTENUM            647  STEPHENS PL             MEMPHIS            38126      TN    1             79.693     26989.06

821445      BRITTENUM            645  STEPHENS PL             MEMPHIS            38126      TN    1        79.53711765     26989.06

821461      COVERT                 3  CEDAR ST                PORT ORANGE        32127      FL    1           66.62524     99874.51
821462      LAHTI               3505  PINEWOOD AVE            WEST PALM BEACH    33407      FL    1           74.89395     59886.42
821487      ZIGARSKI            1441  POPLAR ST               KULPMONT           17834      PA    1        79.67659459     29296.34
821498      C REDWINE           1445  W 15TH ST               MUNCIE             47302      IN    1            61.2426     27494.43
821516      SPRINGER             112  CARSON                  O'FALLON           62269      IL    1        84.90831667     50915.19
821527      CROMER               518  FRONT ST                WARRIOR RUN        18706      PA    1         84.8702623     51750.63
821531      STEELE               108  EVERT CT                PIEDMONT           29673      SC    1        84.92212245     41598.87
821545      CANADA              7209  E 162ND ST              BELTON             64012      MO    1            89.8904     40433.95
821570      WANG                 458  CALHOUN ST              ATLANTA            30309      GA    2        79.60392627     44024.03

821578      MARTINEZ            3903  MARIPOSA ST             DENVER             80211      CO    1        30.17551938     38887.53

821586      LYON                 318  CHIPPEWA ST             CLAWSON            48017      MI    1        79.88225373    106988.79
821643      HARPER              3430  WOODSTOCK RD            GLOUCESTER         23061      VA    1        89.36956061     58842.79
821645      SHEPERD              527  THURSTON AVE            SAINT LOUIS        63134      MO    1         84.9031194     56863.07
821655      HALL                1821  DOMINION AVE            NORFOLK            23518      VA    1        58.38914894     54856.69
821686      PINKNEY             2985  ELM ST                  DENVER             80207      CO    1        67.05669403     89800.43
821688      MOORE               3971  N CIR 587 E             VAN BUREN          46991      IN    1           73.06955     43807.87
821689      TAYLOR              6002  E EGRET ST              CAVE CREEK         85331      AZ    2        88.53526744      46644.8
821692      DEAUX               1701  1/2  SHERIDAN STREET    JACKSONVILLE       32207      FL    1        79.87254286     83831.97
821703      SIBBIE             12712  S MORGAN ST             CHICAGO            60643      IL    1        89.85351471     61074.94
821706      SABIN                149  N CENTENNIAL RD         COLDWATER          49036      MI    1        69.16147857     96767.26
821709      FINNEY              7885  MILLER RD               DELTON             49046      MI    1        63.48681176     53938.98
821743      BOWLAND             2653  N 600 W                 MARION             46952      IN    1        74.88791176     76308.13
821745      SCHLESSELMAN         125  N ROSEDALE ST           LIMA               45805      OH    1        74.23288961        22750

821749      SCHLESSELMAN         114  W VINE ST               LIMA               45804      OH    1        79.90458159     38166.15

821756      REGENER             1212  N ROCKPORT RD           BOONVILLE          47601      IN    1        79.92172152     63117.15
821771      MCMURRY             1852  DUMESNIL ST             LOUISVILLE         40210      KY    1        64.91837209        27903
821809      STEFFEN             1283  WALNUT ST               DUBUQUE            52001      IA    1        77.94989773     68550.97
             STEFFEN
821812      DELLAPENNA         11744  80TH AVE N              SEMINOLE           33772      FL    2        89.69333654     34459.45
821819      PERKINS             1727  WALLACE AVE NE          ROANOKE            24012      VA    1        79.88712174     91826.22
821835      CARRAWAY            1902  MARSEILLES              CAHOKIA            62206      IL    1            70.7242     99013.88
821850      AYLER               1251  W POPLAR ST             GRIFFIN            30224      GA    1           79.86409     79829.38
821902      BONANNO             1600  12TH ST                 PALM HARBOR        34683      FL    1        84.62321053     80355.46
821915      SEGLER              1585  S JACKSON ST            DENVER             80210      CO    2        89.85645946     21167.09
821918      COX                  805  OPAL WAY                BROOMFIELD         80020      CO    1        69.95972561    114532.91
821940      MILLER              4311  CORDIAL PL              BATAVIA            45103      OH    1        84.62261667    101573.62
821958      ANSTINE               12  HOLLY AVE               SUWANNEE           32692      FL    1        79.17698374      97599.5
821969      LOYD                845S  ASTER WAY               GOLDEN             80401      CO    2        81.38478635      47097.4
821973      NELSON              4200  CHELTINGHAM LN          SMYRNA             30082      GA    2         99.9819121      60890.8
821980      MROZEK               494  W 17TH ST               CHICAGO HEIGHTS    604113225  IL    1        79.89271642     80255.64


                                     I-A-14

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

821310           10.5          Fixed Rate         660.9     5/18/14     Single Family      Owner occupied      85000     180
821353          12.85          Fixed Rate       1354.43      6/1/14     Single Family      Owner occupied     165000     180

821374          11.35          Fixed Rate        717.63     5/19/19     Single Family      Owner occupied      75500     240
821385             11          Fixed Rate        485.68     5/20/14     Single Family      Owner occupied      60000     180
821395          11.95          Fixed Rate        320.48     7/19/14     Single Family      Owner occupied      31500     180
821443           12.5          Fixed Rate        335.25      6/8/14     Single Family      Not Owner           34000     180
                                                                                           occupied
821445           12.5          Fixed Rate        335.25      6/8/14     Single Family      Not Owner           34000     180
                                                                                           occupied
821461          11.65          Fixed Rate       1001.75     6/23/14     Single Family      Owner occupied     150000     180
821462           9.74          Fixed Rate        515.05      6/1/29     Single Family      Owner occupied      80000     360
821487          11.95          Fixed Rate         354.3     5/28/14     Single Family      Owner occupied      37000     180
821498          10.65          Fixed Rate        309.33     6/14/14     Single Family      Owner occupied      45000     180
821516           12.1          Fixed Rate        528.52     5/28/29     Single Family      Owner occupied      60000     360
821527          10.75          Fixed Rate        484.01     5/26/29     Single Family      Owner occupied      61000     360
821531          11.75          Fixed Rate        420.42      6/3/14     Single Family      Owner occupied      65000     180
821545          10.44          Fixed Rate        368.65     6/23/29     Single Family      Owner occupied      46000     360
821570          10.95          Fixed Rate        418.36     5/27/14     Single Family      Not Owner          217000     180
                                                                                           occupied
821578            9.6          Fixed Rate        330.78     5/25/29     Single Family      Not Owner          129000     360
                                                                                           occupied
821586           9.55          Fixed Rate        905.31      6/2/14     Single Family      Owner occupied     134000     180
821643          10.45          Fixed Rate        654.77      6/1/14     Single Family      Owner occupied      66000     180
821645          10.75          Fixed Rate        531.62     6/21/14     Single Family      Owner occupied      67000     180
821655            9.3          Fixed Rate        454.47     5/26/14     Single Family      Owner occupied      94000     180
821686            8.5          Fixed Rate        692.02      7/1/29     Single Family      Owner occupied     134000     360
821688          10.74          Fixed Rate        409.24     6/23/29     Single Family      Owner occupied      60000     360
821689           13.8          Fixed Rate        620.27     5/28/14     Single Family      Owner occupied     172000     180
821692          10.55          Fixed Rate        771.52     5/25/29     Single Family      Owner occupied     105000     360
821703          10.45          Fixed Rate        557.53     5/27/14     Single Family      Owner occupied      68000     180
821706            8.6          Fixed Rate        752.73      6/1/29     Single Family      Owner occupied     140000     360
821709          13.15          Fixed Rate        603.69     5/28/14     Single Family      Owner occupied      85000     180
821743           9.49          Fixed Rate         642.7     5/28/14     Single Family      Owner occupied     102000     180
821745             10          Fixed Rate        247.16      6/9/14     Single Family      Not Owner           30800     180
                                                                                           occupied
821749             11          Fixed Rate        364.17      6/9/14     Multiple Family    Not Owner           47800     180
                                                                                           occupied
821756          11.45          Fixed Rate        623.45     6/11/14     Single Family      Owner occupied      79000     180
821771           10.3          Fixed Rate         251.5     6/14/14     Single Family      Owner occupied      43000     180
821809           11.5          Fixed Rate        679.74     6/28/29     Single Family      Owner occupied      88000     360

821812          12.05          Fixed Rate        416.35     8/13/14     Single Family      Owner occupied     104000     180
821819           9.75          Fixed Rate        790.42     6/21/14     Single Family      Owner occupied     115000     180
821835            9.9          Fixed Rate        1068.5      6/3/14     Single Family      Owner occupied     140000     180
821850          10.25          Fixed Rate        716.88     5/28/14     Single Family      Owner occupied     100000     180
821902           9.99          Fixed Rate        705.85     6/10/14     Single Family      Owner occupied      95000     180
821915           12.9          Fixed Rate        269.23     6/14/14     Single Family      Owner occupied     148000     180
821918           8.75          Fixed Rate        903.13     6/28/14     Single Family      Owner occupied     164000     180
821940          10.45          Fixed Rate        929.22     5/28/14     Single Family      Owner occupied     120000     180
821958          11.99          Fixed Rate       1180.33      6/7/14     Manufactured       Owner occupied     123000     180
821969          13.35          Fixed Rate        610.04     7/26/14     Single Family      Owner occupied     337000     180
821973          11.99          Fixed Rate        626.78     5/26/14     Single Family      Owner occupied     304900     180
821980           9.99          Fixed Rate        704.97     6/11/14     Multiple Family    Not Owner          100500     180
                                                                                           occupied


                                     I-A-14

(table continued)

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
822001      FLORES              3135  GRACELAND AVE           INDIANAPOLIS       46208      IN    1        79.93613559     47123.97

822016      THOMAS              2414  SW 9TH ST               DES MOINES         50315      IA    1        79.90065909     70282.94

822018      THOMAS               926  KIRKWOOD                DES MOINES         50315      IA    1        79.88807018     45515.65
822036      BLACKMON            1532  W 6TH ST                MARION             46953      IN    1        83.39656842     39417.57
822067      KOSHO                451  FERNHILL                HIGHLAND PARK      48203      MI    1             66.375     19862.42
822078      FOREMAN             1975  -1983 VERMONT ST        GARY               46407      IN    1        74.66702703     27628.52
822091      GONZALEZ            4608  RYAN ROAD               CONLEY             30027      GA    1             79.954     51540.07

822102      PEREZ               5366  LIGHT CIR               NORCROSS           30071      GA    2        99.87858228     31342.93
822115      WILKERSON           2480  MANN DRIVE              BEECH GROVE        46107      IN    1        67.03505556      60292.2
822127      MCDANIEL             332  YORKTOWN                PARIS              40361      KY    1        84.90207059     72138.52
822129      JENNINGS             179  JUDY LN                 ATLANTA            30315      GA    1            80.7502     64464.24
822202      SHIPMAN             8996  W REMINGTON PL          LITTLETON          80123      CO    2         89.8527375     25093.34
822235      YOUNG                289  W FOURTH ST             FOSTORIA           44830      OH    1            79.8985     39932.04
822266      JOHNSON              919  SE 8TH TERR 6           FORT MYERS         33901      FL    1        89.91285714      44042.8
822268      ALLEN               6535  VENTURA DR              FAYETTEVILLE       28314      NC    1        74.92898077     38963.07
822281      LINDSEY              708  HOWELL CT               STONE MOUNTAIN     30087      GA    1           84.90313    254610.78
822305      MCLONEY             4244  NUTMEG DR               LEXINGTON          40513      KY    2        89.85357143     20837.15
822313      MERCED              2565  IVEY STONE TRL          BUFORD             30519      GA    2        89.62516279     30863.36
822324      WARING               918  SULLIVAN ST             DELTONA            32725      FL    1        84.90235385    110330.32
822343      WHITMER             1110  THIRD ST                SANDUSKY           44870      OH    1           71.94542     71917.76

822354      MILLER              7840  ROCKWELL AVE            NORTH PORT         34287      FL    2        79.30438318     34782.47
822399      LOSCHEIDER         10925  FALLING STAR RD         FOUNTAIN           80817      CO    2        89.83492593     20338.04
822400      BATTLE               521  QUAIL CIR               ROCKY MOUNT        27803      NC    1        87.03473904     41676.77
822401      HARDEE              3885  MORNING VIEW DR         LAWRENCEVILLE      30044      GA    1        47.63537037     51427.93
822406      VERNON              1445  JACKSON ST              HOLLYWOOD          33020      FL    2         56.6958129     24830.37
822407      SCOTT               2610  AVE M                   FORT PIERCE        34947      FL    1        79.91270909     43935.69
822426      SIMS                9799  NW 26TH AVE             MIAMI              33147      FL    1            48.4385     39624.62
822427      HENRY               8295  VAUGHN                  DETROIT            48228      MI    1        79.96586047     34377.89
822432      HORNSBY               97  LAUREL POINT WEST       DAWSONVILLE        30534      GA    1        85.23478667     63851.09
822445      GONZALEZ             816  POOL ROAD               GRIFFIN            30223      GA    1        69.97504615     22717.12

822470      THIBERT             1497  ROAT CT                 BURTON             48509      MI    1           69.94496     34963.12

822473      PERKINS             1727  WALLACE AVE NE          ROANOKE            24012      VA    2        99.87858261     22812.89
822493      AITKEN               619  SHERMAN ST              SOUTH BEND         46614      IN    1         74.9545102     36716.62

822501      KING                1102  ROOSEVELT DR            FORT WAYNE         46806      IN    1        79.66267857     22058.19

822510      LEWIS               4808  MASON HOLLOW DR         RICHMOND           23234      VA    1           79.94875     105509.3
822511      GIVENS               719  STONEMOUNT CT           CASTLE ROCK        80104      CO    2        68.64925455      49924.5
822512      MCMAHON             2257  KING ST                 ROANOKE            24012      VA    1        84.89753846     66192.97
822561      LEE                  736  ROBERTSON               BRIGHTON           48116      MI    1           89.94824    112402.46
822571      VAZQUEZ              984  MAPLE CT                APOPKA             32703      FL    1        89.93691837     88106.83
             VAZQUEZ
822593      KING                1514  ECKART ST               FORT WAYNE         46806      IN    1           79.97444     19980.64
822600      SHEPARD             1010  SELINGER AVE            ERIE               16505      PA    1        84.93316049     68741.11
822605      SEARS               1825  ROOSEVELT AVE NE        CANTON             44705      OH    1        89.89743333     53938.46
822631      MCCIER\             3274  LANTERN COACH LN        ROSWELL            30075      GA    1        66.12248649     243951.4
            SMITH
822638      HEU                 8741  QUIGLEY ST              WESTMINSTER        80030      CO    2        79.62362963      19919.9
822646      STOKES               702  W ST                    JACKSONVILLE       32204      FL    1        79.94807692     41545.48

                                     I-A-15

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

822001           10.5          Fixed Rate        431.76     6/22/14     Single Family      Not Owner           59000     180
                                                                                           occupied
822016          10.35          Fixed Rate        636.09     6/23/14     Multiple Family    Not Owner           88000     180
                                                                                           occupied
822018           9.85          Fixed Rate        395.13     6/23/14     Single Family      Owner occupied      59000     180
822036          10.25          Fixed Rate        534.16      7/6/09     Single Family      Owner occupied      47500     120
822067           9.75          Fixed Rate        211.87     8/20/14     Single Family      Owner occupied      30000     180
822078           11.1          Fixed Rate        317.15     8/18/14     Multiple Family    Owner occupied      37000     180
822091             12          Fixed Rate        530.76     6/24/14     Single Family      Not Owner           64500     180
                                                                                           occupied
822102          11.99          Fixed Rate        379.05     6/15/14     Single Family      Owner occupied     158000     180
822115           8.25          Fixed Rate        454.13      6/3/29     Single Family      Owner occupied      90000     360
822127           10.7          Fixed Rate        671.73     6/25/14     Single Family      Owner occupied      85000     180
822129          11.85          Fixed Rate        773.85      6/9/14     Single Family      Owner occupied      80000     180
822202           12.3          Fixed Rate        310.98     6/28/14     Single Family      Owner occupied     240000     180
822235          10.25          Fixed Rate        358.44     6/24/14     Single Family      Owner occupied      50000     180
822266           11.5          Fixed Rate        436.72     6/28/29     Single Family      Owner occupied      49000     360
822268            9.7          Fixed Rate        333.64      8/6/14     Single Family      Owner occupied      52000     180
822281          10.75          Fixed Rate       2380.38     6/21/14     Single Family      Owner occupied     300000     180
822305           12.5          Fixed Rate        258.83     6/21/14     Single Family      Owner occupied     210000     180
822313           12.7          Fixed Rate        387.37     6/21/14     Single Family      Owner occupied     129000     180
822324          10.75          Fixed Rate        1031.5     6/18/14     Single Family      Owner occupied     130000     180
822343          10.74          Fixed Rate        671.57      7/8/29     Multiple Family    Not Owner          100000     360
                                                                                           occupied
822354          11.74          Fixed Rate        414.22     7/14/14     Single Family      Owner occupied     107000     180
822399           12.3          Fixed Rate           250     6/23/14     Single Family      Owner occupied     135000     180
822400          11.75          Fixed Rate        421.08     7/22/29     Single Family      Owner occupied      48000     360
822401          11.15          Fixed Rate        496.29     6/28/14     Single Family      Owner occupied     108000     180
822406           13.9          Fixed Rate        331.26     6/23/14     Single Family      Owner occupied     155000     180
822407          10.95          Fixed Rate        417.36     6/18/29     Single Family      Owner occupied      55000     360
822426          10.45          Fixed Rate        440.92     6/23/14     Single Family      Owner occupied      82000     180
822427          13.35          Fixed Rate        389.97     7/19/14     Single Family      Owner occupied      43000     180
822432           8.75          Fixed Rate        503.49     6/25/29     Single Family      Owner occupied      75000     360
822445             11          Fixed Rate        216.65     6/24/14     Condominium        Not Owner           32500     180
                                                                                           occupied
822470          12.44          Fixed Rate        371.91     6/17/14     Multiple Family    Not Owner           50000     180
                                                                                           occupied
822473          11.99          Fixed Rate        275.89     6/28/14     Single Family      Owner occupied     115000     180
822493          11.85          Fixed Rate        373.78     7/16/14     Multiple Family    Not Owner           49000     180
                                                                                           occupied
822501           11.5          Fixed Rate        261.67     7/20/14     Single Family      Not Owner           28000     180
                                                                                           occupied
822510          13.35          Fixed Rate        1197.1     6/17/14     Single Family      Owner occupied     132000     180
822511           10.8          Fixed Rate        468.62     6/29/14     Single Family      Owner occupied     385000     180
822512          10.49          Fixed Rate        605.98     6/28/14     Single Family      Owner occupied      78000     180
822561             12          Fixed Rate       1157.19      7/1/29     Single Family      Owner occupied     125000     360
822571           11.1          Fixed Rate        846.62     7/26/14     Single Family      Owner occupied      98000     180

822593           11.5          Fixed Rate        198.06     7/20/29     Single Family      Owner occupied      25000     360
822600           10.6          Fixed Rate        634.95     6/21/29     Single Family      Owner occupied      81000     360
822605          10.75          Fixed Rate        504.08      7/7/14     Single Family      Owner occupied      60000     180
822631           9.44          Fixed Rate       2274.13     7/23/19     Single Family      Owner occupied     370000     240

822638          12.05          Fixed Rate        240.68      8/2/14     Single Family      Owner occupied     135000     180
822646          11.45          Fixed Rate        410.37     6/16/29     Single Family      Owner occupied      52000     360


                                     I-A-15

(table continued)

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
822695      GRAY                5813  SW 24TH AVE             FORT LAUDERDALE    33312      FL    1        79.93682609     91890.54
822706      FERRANTE             252  RIDGE RD                JUPITER            33477      FL    1        79.94142791    171745.85
822740      HERCULES            8572  COBB RD                 CHRISTIANA         37037      TN    1        79.95243333     71913.53
822747      TAGUE              15507  RIDGEWAY AVE            MARKHAM            60426      IL    1        64.22548571      44936.5
822764      WILLIAMS            9027  ERNSTINE                KNIMAN             46392      IN    1        79.65466472     27261.49

822769      WILLIAMS            1121  WESTWOOD DR             LOWELL             46356      IN    1        74.96574936     36631.13

822773      DICKENS              340  1ST AVE                 DEER TRAIL         80105      CO    1           74.60177     74197.54
822775      MCNAMARA            9985  S STRATFORD PL          LITTLETON          80126      CO    1        68.59102601    239825.42
822783      WILLIAMS             775  HWY 9 N                 CALHOUN            38915      MS    1        84.67386111     30422.97
822793      CLINTON              428  PORTER ST               GARY               46406      IN    1        84.81911429     29622.78
822802      BRISCOE             8852  HERRING HILL RD         MILLINGTON         38053      TN    1        64.96383333     77934.57
822835      ZIERKE              2804  HASKEL CT               WATKINS            80137      CO    1        79.87931655    221939.24
822865      BURCHETT             209  N WALNUT ST             ETNA GREEN         46524      IN    1        74.95442029     51702.59

822867      BLACK                939  TOWNSHIP RD 268         IRONTON            45638      OH    1        74.87594326     52757.95
822870      BLACK               1173  TOWNSHIP RD 268         IRONTON            45638      OH    1        79.90377273      35143.3

822871      RUTKOWSKI           6223  S MAYFIELD AVE          CHICAGO            60638      IL    2        89.91414194     74931.05
822885      MARSHALL           11391  MARLOWE                 DETROIT            48221      MI    1         74.8884375     35928.32

822891      MCCARTY              970  GREENSPRING RD          WINCHESTER         22604      VA    2        69.83297622     93729.62
822902      LEDUFF              3716  WASHINGTON AVE          BATON ROUGE        70802      LA    1        89.94531868      40912.5
822906      CHANDLER             107  TROWBRIDGE              DETROIT            48202      MI    1        79.95137333    119852.69
822907      JOHNSON             6350  BELFAST                 DETROIT            48210      MI    1        69.69069333     26075.21

822925      NORDSTRAND          3920  VAIN STREET             DENVER             80212      CO    2        84.76440789     27911.01
822930      DAUER                 32  COBBLESTONE WAY         FREDERICKSBURG     22406      VA    2        89.96433981     36202.35
822931      CHAPLIN              830  W PALM STREET           JACKSONVILLE       32254      FL    1            79.9344     53955.72

822985      MCCORMICK           2224  MAPLEWOOD AVE           RICHMOND           23220      VA    1                 80     119883.6
823009      GONZALEZ            1322  ELLIS ROAD              GRIFFIN ROAD       30223      GA    1           79.82405      31714.6

823015      GONZALEZ             716  W SLATON AVE            GRIFFIN            30223      GA    1             79.798     23846.03

823026      SANCHEZ              895  KNOX CT                 DENVER             80204      CO    1        82.78845304     89861.86
823045      SMITH                     RURAL RT 1 BOX 192      GILMAN             60938      IL    1        74.92438424     45583.11
823093      BRYANT              4849  S JUSTINE ST            CHICAGO            60609      IL    2        79.28590909      19874.4
823096      HIGH                 429  IVAN HILL CIR           ATLANTA            30311      GA    1        79.94268824    135853.18

823142      PIERCE              2201  PORTSMOUTH AVE          TOLEDO             43613      OH    1        89.93553586     106495.8
823145      CARNES              4122  HARTFORD ST             SAINT LOUIS        63116      MO    1        79.93614474     60726.89
823157      HUNTER              2021  DARRELL LN              LAWRENCEVILLE      30245      GA    1        89.93551429     94397.97
823162      THOMAS               315  GRADY AVE               YAZOO CITY         39194      MS    1        79.63988235     20261.63
823185      COOK                6038  SUMMERVILLE DR          GLOUCESTER         23061      VA    2        89.86309032     56157.79
823199      DOTSON               710  E ILLINOIS AVE          HAMMOND            70403      LA    1         79.9720875     63932.39
823226      LITTLES             3722  N STUART ST             JACKSONVILLE       32206      FL    1           84.94542     42458.87
823229      FOSTER             14480  SPRING GARDEN           DETROIT            48205      MI    1           74.94625      29967.6

823232      FOSTER             16159  LILAC                   DETROIT            48238      MI    1        69.98040351     39877.56

823291      ROBERTS                6  LANTANA                 LITTLETON          80127      CO    2        89.51902029     42719.98
823297      COOPER              4053  MONTGOMERY              DETROIT            48204      MI    1        67.76958696     31160.85
823316      BILODEAU            3104  CHARLES ST              ROCKFORD           61108      IL    2        89.78174737     22275.82
823375      TURNER               211  HOY RD                  LAUREL             39440      MS    1        79.67782222     35781.44
823378      HUSS                3175  N SHEPARDSVILLE RD      OVID               48866      MI    1        78.92551754     89924.51

                                     I-A-16

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

822695          10.55          Fixed Rate           845      7/1/29     Single Family      Owner occupied     115000     360
822706           10.9          Fixed Rate       1625.01     6/21/14     Single Family      Owner occupied     215000     180
822740          11.85          Fixed Rate         732.3     6/28/14     Single Family      Owner occupied      90000     180
822747           9.75          Fixed Rate        386.62     7/14/14     Single Family      Owner occupied      70000     180
822764          11.25          Fixed Rate         316.2     7/15/14     Single Family      Not Owner           34300     180
                                                                                           occupied
822769           13.1          Fixed Rate        408.36     7/15/14     Single Family      Not Owner           48875     180
                                                                                           occupied
822773           8.99          Fixed Rate        760.25     6/30/14     Single Family      Owner occupied     100000     180
822775            7.6          Fixed Rate       1694.58      9/1/29     Single Family      Owner occupied     349900     360
822783           12.5          Fixed Rate        377.15      7/9/14     Single Family      Owner occupied      36000     180
822793          11.35          Fixed Rate         344.7      8/5/14     Single Family      Owner occupied      41000     180
822802          12.15          Fixed Rate        811.34     7/12/14     Single Family      Owner occupied     120000     180
822835           8.95          Fixed Rate       1781.49      7/6/29     Single Family      Owner occupied     278000     360
822865          11.75          Fixed Rate        522.37      7/1/29     Multiple Family    Not Owner           69000     360
                                                                                           occupied
822867           8.99          Fixed Rate        425.06     6/28/14     Single Family      Owner occupied      70500     180
822870           10.5          Fixed Rate        321.99     6/22/14     Single Family      Not Owner           44000     180
                                                                                           occupied
822871           11.8          Fixed Rate        759.92      7/8/14     Single Family      Owner occupied     155000     180
822885            9.5          Fixed Rate        302.71     6/23/14     Multiple Family    Not Owner           48000     180
                                                                                           occupied
822891           10.3          Fixed Rate       1031.82     7/21/14     Single Family      Owner occupied     291222     180
822902          11.75          Fixed Rate        413.35     7/14/14     Single Family      Owner occupied      45500     180
822906          11.75          Fixed Rate       1211.29     6/30/29     Single Family      Owner occupied     150000     360
822907             11          Fixed Rate        298.36      7/7/14     Single Family      Not Owner           37500     180
                                                                                           occupied
822925           12.4          Fixed Rate        344.21     7/27/14     Single Family      Owner occupied     152000     180
822930           11.9          Fixed Rate        433.93     8/13/14     Single Family      Owner occupied     206000     180
822931          12.25          Fixed Rate        565.86      7/7/29     Single Family      Not Owner           67500     360
                                                                                           occupied
822985          11.49          Fixed Rate       1187.43      7/9/14     Single Family      Owner occupied     150000     180
823009             11          Fixed Rate        363.71     6/24/14     Condominium        Not Owner           53000     180
                                                                                           occupied
823015           12.5          Fixed Rate        295.81      7/2/14     Single Family      Not Owner           30000     180
                                                                                           occupied
823026           9.35          Fixed Rate        746.94      7/6/14     Single Family      Owner occupied     108600     180
823045            9.5          Fixed Rate        384.06     6/30/29     Single Family      Owner occupied      69000     360
823093          12.24          Fixed Rate        243.13      7/6/14     Multiple Family    Owner occupied     132000     180
823096             11          Fixed Rate       1295.16      7/6/14     Single Family      Not Owner          170000     180
                                                                                           occupied
823142             11          Fixed Rate       1015.65     6/29/14     Single Family      Owner occupied     118500     180
823145           10.5          Fixed Rate        556.16      7/9/14     Single Family      Owner occupied      76000     180
823157             11          Fixed Rate        899.95      7/6/29     Single Family      Owner occupied     105000     360
823162           10.8          Fixed Rate        229.31     7/16/14     Single Family      Owner occupied      25500     180
823185           12.7          Fixed Rate        702.13      8/2/14     Single Family      Owner occupied     155000     180
823199           11.1          Fixed Rate        614.33     7/26/14     Single Family      Owner occupied      80000     180
823226           11.5          Fixed Rate        420.87      7/2/14     Single Family      Owner occupied      51000     180
823229             11          Fixed Rate         285.7     7/22/14     Single Family      Not Owner           40000     180
                                                                                           occupied
823232           12.1          Fixed Rate        413.49     8/24/29     Single Family      Not Owner           57000     360
                                                                                           occupied
823291           12.3          Fixed Rate         524.4      7/6/14     Single Family      Owner occupied     345000     180
823297           10.3          Fixed Rate        280.74     7/13/14     Single Family      Owner occupied      46000     180
823316          12.95          Fixed Rate        282.68      7/6/14     Single Family      Owner occupied      95000     180
823375          11.99          Fixed Rate        431.83     7/28/14     Single Family      Owner occupied      45000     180
823378          12.15          Fixed Rate        936.16     7/23/14     Single Family      Owner occupied     114000     180


                                     I-A-16

(table continued)

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
823379      SONTAG               385  WEST PECK RD            PECK               48466      MI    1           89.90179     89901.79
823387      COTTRELL             342  TERRYS FORK RD          WALLINS CREEK      40873      KY    1        60.92947692      39506.6
823415      RICE                8808  MATHOG DR               RIVERVIEW          33569      FL    1        84.93897412    360859.17
823431      SEARLS              1540  IRIS RIDGE RD           PHILO              43771      OH    1        79.56403209    148372.67
823438      SCARZO             69235  PARKER ST               RICHMOND           48062      MI    1        79.06478824    134341.68
823440      HALL                 703  BANCROFT AVE            RICHMOND           23222      VA    1         84.9637541     51783.84
823459      MALITZ               143  GLEN RD                 LAKE ZURICH        60047      IL    2        71.40876364     69817.27
823488      HOWELL             10328  3RD RD                  BREMEN             46506      IN    1                 85     106170.5
823492      KERLEY              4098  MAIN ST                 TEFFT              46380      IN    1        89.97942647     61171.87
823497      KIRKER               436  LAURI-WILL LN           TRAVERSE CITY      49686      MI    1         74.9462782     99642.33
823501      MOORMAN             1560  RICHMOND AVE            COLUMBUS           43203      OH    1        54.14135443     42656.22
823527      GOFORTH              162  FLUTY LICK BR           INEZ               41224      KY    1           64.66102     32244.79
823538      IRIZARRY            2941  NW 69TH ST              MIAMI              33147      FL    1        89.94155844     69232.18
823540      BRIDGEWATER         5140  S REEVES RD             UNDERWOOD          47177      IN    1        35.63101905     74786.48
823543      BONDS                517  ALBANY ST               FAYETTEVILLE       28301      NC    1        79.94014218     50582.91
823553      DISALVO             7295  GALTS FERRY RD          ACWORTH            30102      GA    1        89.92418829    121255.94
823554      BLOOMFIELD          2909  MIDLOTHIAN TURNPIKE     RICHMOND           23224      VA    1        89.92419876    144716.16
823557      ABBE                1414  EMERSON ST              TOLEDO             43605      OH    1        84.92841667      50935.3
823564      WOOD                5743  RIVIERA DR              MILTON             32570      FL    1        79.94514393     63853.95

823586      DUFFEY             11205  E 58TH TERR             RAYTOWN            64133      MO    1        76.24068235     64772.61
823590      OVERFELT            5709  CHARITY HWY             WOOLWINE           24185      VA    1        79.94000649    123060.79
823592      FERINGA            10575  96TH AVE                ZEELAND            49464      MI    1        89.97425175    128625.99
823593      COX                 3178  HUGENOT TRL             POWHATAN           23139      VA    2        51.67780556     23161.33
823612      WIENCZKOWSKI        1110  E 11TH ST               ERIE               16503      PA    1        77.94487943     54926.41
823689      MALCOLM             1145  PARTRIDGE AVE           BOILINGBROOK       60490      IL    1        62.34089147     80381.07
823696      PROSEN               133  E SARATOGA BLVD         WEST PALM BEACH    33411      FL    1        79.93613185    100598.86
823720      THOMAS             18162  GREELEY                 DETROIT            48203      MI    1                 75     33679.18

823724      WALKER              1529  WOODLAWN AVE            INDIANAPOLIS       46203      IN    1        56.89655172     32840.83

823725      WALKER               622  N TEMPLE AVE            INDIANAPOLIS       46201      IN    1                 66     32839.71

823729      WALKER              1531  WOODLAWN AVE            INDIANAPOLIS       46203      IN    1        57.51162069     32840.83

823751      TURNER              1874  W 13TH ST               JACKSONVILLE       32209      FL    1                 80     41559.74

823753      JOHNSON              436  NACE AVE                COLUMBUS           43223      OH    1        74.67623636     41071.93
823770      LEDFORD              344  W HWY 2570              DANDRIDGE          37725      TN    1        78.49781429     55420.23
823812      SMITH                248  LONGVIEW DRIVEAPT       WILLIAMSTON        29697      SC    1        76.85827692     49936.55
823818      LOYD                4641  HIGHLAND BAPTIST CHU    HILLSBORO          63050      MO    1         89.8364329    103765.83
823840      CHILDERS            4821  HICKORY AVE             HAMMOND            46327      IN    1        74.84612346      30186.2

823851      MARKS               8192  STUDLEY RD              MECHANICSVILLE     23116      VA    1        42.36952542     74944.79
823856      GRZESIK             6545  ELLSWORTH PL            MERRILLVILLE       46410      IN    1        89.94824138    130386.86
823858      H DASILVA           6000  MARILYN DR              ALEXANDRIA         22310      VA    2        79.91529882      45861.7
823883      JOHNSON              559  N DELTA ST              GREENVILLE         38701      MS    1                 75     31371.45
823890      WHEELER             1173  COUNTY RD 2210 N        CARMI              62821      IL    1                 80     31925.24
823897      WILLIAMSON          1037  CHANDLER RD             GOODVIEW           24095      VA    1        77.67393077    100951.97
823912      NEAL                3675  GEORGE WASHINGTON DR    ELLENWOOD          30049      GA    1         89.9679127    113318.77
823938      GUSTER              3315  AUBERT                  SAINT LOUIS        63115      MO    1                 80     39988.17
823940      SAVAGE-EL            619  N LAKEWOOD AVE          BALTIMORE          21205      MD    1        69.97505455     38458.45

823944      WILLIS              1542  KIRBY PARKWAY           MEMPHIS            38120      TN    1        79.97952683    163872.78


                                     I-A-17

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

823379          10.95          Fixed Rate        853.69      7/6/14     Single Family      Owner occupied     100000     180
823387           10.7          Fixed Rate         401.7     6/30/19     Single Family      Owner occupied      65000     240
823415          10.99          Fixed Rate       3437.54      7/6/14     Single Family      Owner occupied     425000     180
823431            8.7          Fixed Rate       1490.76     7/16/14     Single Family      Owner occupied     187000     180
823438            9.6          Fixed Rate       1143.74     7/27/14     Single Family      Owner occupied     170000     180
823440          10.25          Fixed Rate        464.63      7/6/14     Single Family      Owner occupied      61000     180
823459          10.25          Fixed Rate        627.27      8/2/14     Single Family      Owner occupied     330000     180
823488           10.8          Fixed Rate        995.82     8/25/29     Single Family      Owner occupied     125000     360
823492             13          Fixed Rate        676.99      8/6/29     Single Family      Owner occupied      70000     360
823497             11          Fixed Rate        949.94     7/13/14     Single Family      Owner occupied     133000     180
823501           8.99          Fixed Rate        435.88     7/14/14     Single Family      Owner occupied      79000     180
823527           9.19          Fixed Rate        333.32     7/12/14     Single Family      Owner occupied      50000     180
823538          11.45          Fixed Rate        683.63     7/21/14     Single Family      Owner occupied      77000     180
823540           9.45          Fixed Rate        627.91     7/28/14     Single Family      Owner occupied     210000     180
823543           10.8          Fixed Rate        474.62     7/12/14     Single Family      Owner occupied      63300     180
823553          10.25          Fixed Rate       1087.96     7/15/14     Single Family      Owner occupied     134900     180
823554          10.25          Fixed Rate       1298.45     7/13/14     Single Family      Owner occupied     161000     180
823557          10.25          Fixed Rate        457.01      7/6/14     Single Family      Owner occupied      60000     180
823564           11.2          Fixed Rate         618.4     7/23/14     Single Family      Not Owner           80000     180
                                                                                           occupied
823586           9.74          Fixed Rate        557.97     7/13/14     Single Family      Owner occupied      85000     180
823590          10.79          Fixed Rate       1153.76     7/23/14     Single Family      Owner occupied     154000     180
823592             12          Fixed Rate       1323.82     8/12/29     Single Family      Owner occupied     143000     360
823593           12.2          Fixed Rate        282.64     7/14/14     Single Family      Owner occupied      72000     180
823612             10          Fixed Rate        482.66     7/13/29     Single Family      Owner occupied      70500     360
823689           9.69          Fixed Rate        688.07     7/12/14     Single Family      Owner occupied     129000     180
823696           10.5          Fixed Rate        921.33      7/6/29     Single Family      Owner occupied     130000     360
823720           11.5          Fixed Rate        394.26      9/3/14     Single Family      Not Owner           45000     180
                                                                                           occupied
823724          10.05          Fixed Rate        355.63      8/9/14     Single Family      Not Owner           58000     180
                                                                                           occupied
823725          10.05          Fixed Rate        355.63      8/9/14     Single Family      Not Owner           50000     180
                                                                                           occupied
823729          10.05          Fixed Rate        355.63      8/9/14     Single Family      Not Owner           58000     180
                                                                                           occupied
823751           11.5          Fixed Rate        411.96     7/15/29     Single Family      Not Owner           52000     360
                                                                                           occupied
823753          11.25          Fixed Rate        475.34      8/2/14     Single Family      Owner occupied      55000     180
823770          10.24          Fixed Rate         501.4     7/19/14     Single Family      Owner occupied      70000     180
823812          10.25          Fixed Rate        448.05     7/22/14     Single Family      Owner occupied      69500     180
823818           10.2          Fixed Rate        927.64     7/30/14     Single Family      Owner occupied     115500     180
823840          11.74          Fixed Rate        359.49     7/26/14     Single Family      Not Owner           40500     180
                                                                                           occupied
823851           8.14          Fixed Rate        557.98      8/2/29     Single Family      Owner occupied     177000     360
823856             12          Fixed Rate       1342.34     7/26/29     Single Family      Owner occupied     145000     360
823858           12.8          Fixed Rate        500.53     7/27/14     Single Family      Owner occupied     425000     180
823883          11.85          Fixed Rate        375.02     8/30/14     Single Family      Owner occupied      42000     180
823890          10.35          Fixed Rate        350.76     9/13/14     Single Family      Owner occupied      40000     180
823897          12.85          Fixed Rate       1105.43      8/2/14     Single Family      Owner occupied     130000     180
823912             11          Fixed Rate       1079.93      8/4/29     Single Family      Owner occupied     126000     360
823938          11.85          Fixed Rate        406.83      9/7/14     Single Family      Owner occupied      50000     180
823940             11          Fixed Rate        366.64     7/29/14     Single Family      Not Owner           55000     180
                                                                                           occupied
823944           12.5          Fixed Rate        1750.3     7/12/14     Multiple Family    Not Owner          205000     180
                                                                                           occupied


                                     I-A-17

(table continued)

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
823945      WILLIS              1544  KIRBY PKWY              MEMPHIS            38120      TN    1        79.93683415    163783.43

823948      SAVAGE-EL           2607  LLEWELYN AVE            BALTIMORE          21213      MD    1           63.91075     20353.08

823967      GIARDINI           13378  GAVIN RD                DOVER              33527      FL    2        89.90124786      25238.3
823975      DAGOSTINO           9003  W PURDUE AVE            PEORIA             85345      AZ    2        77.27715517     21918.65
824022      MARKS               2247  E 85TH ST               CLEVELAND          44106      OH    1         69.5064058     47921.99

824025      BUTTS                913  AMBASSADOR ST           CHARLOTTE          28208      NC    1        74.97948031     95171.01

824041      TANKER                31  SANDERSON ST N E        ATLANTA            30307      GA    1         74.9400122     61425.89
824051      ORTIZ                564  CAROLINA ST             GARY               46402      IN    1            89.5639     35737.24
824070      JAMES               1009  CORAL ST                TAMPA              33602      FL    1        59.45364198     47933.19
824082      BELL                2635  BLYTH RD                CLEVELAND          37323      TN    1        41.64351667     24979.05
824092      SHELTON             2150  N SHERWOOD FOREST 21    BATON ROUGE        70815      LA    1        79.97711429     83927.19
824096      SHELTON             2150  N SHERWOOD FOREST BLDG  BATON ROUGE        70815      LA    1        79.97711429     83927.19

824110      MOORE               9341  OLD A1A                 SAINT AUGUSTINE    32086      FL    1            49.7661    298392.89
824114      NAPIER                54  UNION AVE               BUCKEYE LAKE       43008      OH    1        89.96611413     33082.25
824115      SLONE                705  STONEWOOD DR            SALEM              24153      VA    2        86.49035043     40850.03
824179      ONYEALI             1588  S IDALIA ST             AURORA             80017      CO    1        79.90272903    123773.05
824194      FROST               2301  WINONA ST               FLINT              48504      MI    1        59.85108108     22089.35
824204      KARRICK             1029  N GROVE                 VIRDEN             62690      IL    1        69.84069841     43948.76
824208      NEAL                 267  WATER OAK DR            DALLAS             30132      GA    2        99.97809701     26762.67
824227      STOREY                78  DELLINGER AVE           GASTONIA           28054      NC    1        66.66666667     39969.75
824238      ECKEL               2065  RIVERLAND RD            FORT LAUDERDALE    33312      FL    2        79.96689451    129898.03
824266      BROADWAY            9132  S GREENWOOD AVE         CHICAGO            60619      IL    1           89.96075     71942.36
824273      RAY                 4705  LACEY CT                LOUISVILLE         40218      KY    2        84.09756604     24906.34
824276      MARESCA             6414  DOBSON RD               MACON              31220      GA    1        84.97191818     93437.93
824278      CELIOUS             5315  W 5TH AVE               LAKEWOOD           80226      CO    1        89.95369298     102520.4
824279      ALEXANDER           2910  OLIVER ST               FORT WAYNE         46806      IN    1                 90     53972.01
824292      ATKINSON III        7425  TALBOT COLONY DRIVE     ATLANTA            30328      GA    2           73.51785     93956.28
824296      ALEXANDER           4134  BOWSER AVE              FORT WAYNE         46806      IN    1        79.96461194     53552.38

824305      BASS                 140  ELIZABETH DR            GORDONSVILLE       38563      TN    1        89.95103125     115105.5
824309      HARDAWAY            7108  S EMERALD               CHICAGO            60621      IL    1           79.98404    119927.36
824311      BARTON              1949  E 93RD STREET           CHICAGO            60617      IL    1         81.6816125     65314.96
824329      CAMERON             1891  MARLBORO DR             LEXINGTON          40505      KY    1           63.94836     47941.65
824351      DAVIS               5164  SEMINOLE                DETROIT            48213      MI    1             74.979     37468.19

824362      CHRISTIAN JR         813  N BRADFORD ST           BALTIMORE          21205      MD    1        66.66666667     25813.66

824365      CHRISTIAN JR        1776  E N AVE                 BALTIMORE          21205      MD    1        66.23376623     25317.26

824379      MCCLARTY             723  N PORT ST               BALTIMORE          21205      MD    1          74.937525      29967.6

824400      LEDESMA             5221  EAGLE CAY MANOR         POMPANO BEACH      33073      FL    2        89.98091795     19387.19
824414      LARKIN              4141  MASSACHUSSETTS ST       GARY               46409      IN    1            74.9176     29967.04
824431      EDEH                3701  E 49TH STREET           CLEVELAND          44101      OH    1                 80     43185.42

824447      ANDERSON            1219  ALMOND TREE CT          ORLANDO            32835      FL    2        89.97413725     29529.57
824454      BURT MARTIN          956  CAPTAIN SHREVE DR       SHREVEPORT         71105      LA    2        89.95703529     19426.58
824484      ANAYA                570  NE 46TH ST              FORT LAUDERDALE    33334      FL    1        89.91439521     75057.75
824498      POLK               10708  HULDA AVE               CLEVELAND          44104      OH    1            89.8875     61047.32
824508      ANTOMMARIA          1901  KORANDO AVE             SAINT LOUIS        63114      MO    1        79.97298684     60758.75
824520      CONNELLY           15103  ISLEVIEW DR             CHESTERFIELD       63017      MO    1        74.91338614     151236.6
824532      CHAPMAN             1528  -1530 N 39TH ST         MILWAUKEE          53208      WI    1        79.83986842     30215.62


                                     I-A-18

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

823945           12.5          Fixed Rate        1750.3     7/12/14     Single Family      Not Owner          205000     180
                                                                                           occupied
823948           10.2          Fixed Rate        222.81     7/29/14     Single Family      Not Owner           34000     180
                                                                                           occupied
823967           13.3          Fixed Rate         326.4     7/19/14     Single Family      Owner occupied     117000     180
823975           12.9          Fixed Rate        276.91      8/2/14     Single Family      Owner occupied     116000     180
824022           10.7          Fixed Rate        446.27     7/19/14     Single Family      Not Owner           69000     180
                                                                                           occupied
824025           12.2          Fixed Rate        994.44     7/27/29     Multiple Family    Not Owner          127000     360
                                                                                           occupied
824041          10.49          Fixed Rate         562.1     7/17/14     Single Family      Owner occupied      82000     180
824051             10          Fixed Rate        386.86     7/19/14     Multiple Family    Owner occupied      40000     180
824070           11.3          Fixed Rate        677.74     7/19/09     Single Family      Owner occupied      81000     120
824082          12.15          Fixed Rate        260.04     7/21/14     Single Family      Owner occupied      60000     180
824092             12          Fixed Rate        864.03     7/27/14     Multiple Family    Owner occupied     105000     180
824096             12          Fixed Rate        864.03     7/27/14     Multiple Family    Not Owner          105000     180
                                                                                           occupied
824110           7.99          Fixed Rate       2191.87     7/19/14     Single Family      Owner occupied     600000     180
824114          10.75          Fixed Rate        309.17     7/29/14     Single Family      Owner occupied      42000     180
824115             13          Fixed Rate        518.75      8/4/14     Single Family      Owner occupied     234000     180
824179            8.5          Fixed Rate        953.45     7/26/29     Single Family      Owner occupied     155000     360
824194           9.69          Fixed Rate        234.37      8/2/14     Single Family      Owner occupied      37000     180
824204          11.15          Fixed Rate        459.71     7/23/19     Single Family      Owner occupied      63000     240
824208          11.99          Fixed Rate        275.46     7/21/14     Single Family      Owner occupied     134000     180
824227          10.75          Fixed Rate        373.39     8/25/14     Single Family      Owner occupied      60000     180
824238          12.45          Fixed Rate       1382.39     7/23/14     Single Family      Owner occupied     455000     180
824266          10.95          Fixed Rate        682.95     8/10/14     Single Family      Owner occupied      80000     180
824273          12.75          Fixed Rate        312.21      8/3/14     Single Family      Owner occupied     106000     180
824276          11.35          Fixed Rate        915.24     8/20/14     Single Family      Owner occupied     112000     180
824278           12.5          Fixed Rate       1095.01     7/26/29     Single Family      Owner occupied     114000     360
824279           9.25          Fixed Rate        444.24      9/1/14     Single Family      Owner occupied      60000     180
824292          12.95          Fixed Rate       1036.16     8/30/14     Single Family      Owner occupied     360000     180
824296             10          Fixed Rate        470.38     8/27/14     Single Family      Not Owner           67000     180
                                                                                           occupied
824305          12.25          Fixed Rate       1207.18     7/30/14     Single Family      Owner occupied     128000     180
824309           13.6          Fixed Rate       1383.94     7/30/29     Multiple Family    Owner occupied     150000     360
824311           9.99          Fixed Rate        574.33      8/4/14     Single Family      Owner occupied      80000     180
824329          10.45          Fixed Rate        437.28     7/23/14     Single Family      Owner occupied      75000     180
824351           12.1          Fixed Rate        388.62     7/30/29     Multiple Family    Not Owner           50000     360
                                                                                           occupied
824362           10.2          Fixed Rate        282.59     7/30/14     Single Family      Not Owner           39500     180
                                                                                           occupied
824365           10.2          Fixed Rate        277.15     7/30/14     Single Family      Not Owner           39000     180
                                                                                           occupied
824379             11          Fixed Rate         285.7     7/29/14     Single Family      Not Owner           45000     180
                                                                                           occupied
824400           12.5          Fixed Rate        240.34     7/26/14     Single Family      Owner occupied     195000     180
824414           8.99          Fixed Rate        241.17      8/6/14     Single Family      Owner occupied      40000     180
824431          11.25          Fixed Rate        419.58     9/22/29     Multiple Family    Not Owner           54000     360
                                                                                           occupied
824447           13.3          Fixed Rate        381.51     7/30/14     Single Family      Owner occupied     204000     180
824454           12.7          Fixed Rate        242.89      8/3/14     Single Family      Owner occupied      85000     180
824484           12.2          Fixed Rate        784.07      8/5/29     Single Family      Owner occupied      84000     360
824498           10.5          Fixed Rate        611.01      8/9/19     Single Family      Owner occupied      68000     240
824508          11.25          Fixed Rate        590.53      8/9/29     Single Family      Owner occupied      76000     360
824520           8.75          Fixed Rate       1191.85     7/22/29     Single Family      Owner occupied     230000     360
824532             12          Fixed Rate        364.85     7/28/14     Single Family      Not Owner           38000     180
                                                                                           occupied

                                     I-A-18

(table continued)

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
824533      RICE                 518  KIRBY ST                SHREVEPORT         71104      LA    1           59.97832     44950.77
824536      WATSON             10428  LORD DR                 SAINT LOUIS        63136      MO    1        79.94974468      37564.4
824537      CELLANA             5719  BAYOU GRANDE BLVD NE    SAINT PETERSBURG   33703      FL    2        89.78547079     36472.86
824552      MILLER               131  E GRAND AVE             LIMA               45801      OH    1        74.79618519     20167.37
824556      VECKINBURG          1432  DRUID RD                CLEARWATER         34615      FL    1                 85     114676.3
824573      KOVACH               626  -628 12TH AVE           MUNHALL            15120      PA    1        68.97227273     37919.37

824591      ENECHUKWU           6231  E 127TH ST              GRANDVIEW          64030      MO    1        84.79961111      30455.1
824627      COLEMAN              247  S HIGHLAND AVE          BALTIMORE          21224      MD    1            79.9682     39968.06
824651      MCHONE               107  BRUSHWOOD CT            BEREA              40403      KY    2        73.77847692     19911.62
824654      OMAR                4399  SHARON                  DETROIT            48210      MI    1        74.97176744     32225.61
824659      MCDANIEL            2680  HOLLY ST                DENVER             80207      CO    1        68.96071333    103381.71
824673      SANDERS             8041  -8043 CHALFONTE         DETROIT            48238      MI    1         79.8547619     33530.66

824677      ELLET                 36  POND VIEW DR            RICHBORO           18954      PA    1        73.17073171    179812.64
824695      HENRY                313  STUART AVE              FAYETTEVILLE       28301      NC    1        79.81567742     24685.22

824719      BROOKS              5705  HAMPTON CT              ATLANTA            30349      GA    1                 90     76765.67
824720      BERNSTEIN           8109  S KINGSTON AVE          CHICAGO            60015      IL    1        79.17525773     38375.34

824722      COOK                1819  MAGNOLIA DR             FORT MYERS         33917      FL    1          79.962675     63909.69
824729      CHAPMAN              408  E CUMBERLAND AVE        JAMESTOWN          42629      KY    1         79.9726875     38373.66
824737      CASSIDY              108  PRIMROSE WAY            MOUNT STERLING     40353      KY    2        89.86964286     23543.67
824760      BASS                 407  E 60TH DR               MERRILLVILLE       46410      IN    1         89.9679206     47558.61
824779      SYLVAN              4333  E MARIBEL CT            BATON ROUGE        70812      LA    1             84.968     66224.44
824784      POLLARD              239  MILL ST                 BOWDON             30108      GA    1                 75     36215.76
824808      GOODMAN            19361  WINSTON ST              DETROIT            48219      MI    1         74.9841625     59974.52
824819      BARNARD             3575  N INGLESIDE DR          NORFOLK            23502      VA    1                 82     40988.14
824838      GUILLEN             3011  CRABAPPLE LN            HOBART             46342      IN    1        84.79434375    108271.83
824855      STEWART             1010  GIBSON PL               GRAND RAPIDS       49507      MI    1        88.63471111     39871.11
824869      GUZMAN               509  S BROOKFIELD            SOUTH BEND         46619      IN    1        89.92592857     37774.35
824872      MCGUIRE             1715  LEE ST                  DECATUR            30032      GA    1                 80     71953.76

824875      GUICE               2365  VIRGINIA ST             GARY               46402      IN    1        79.81567213     24287.07
824886      FIELDS             12421  IMPERIAL                CLEVELAND          44120      OH    1                 75     56213.87

824892      MOJICA              5630  CABOT                   DETROIT            48210      MI    1                 80      27946.3
824909      ROGERS              2676  MASSACHUSETTS AVE       ROANOKE            24017      VA    1        79.97580055     34954.74
824916      BRAMLETT             245  PINE RIDGE RD           BOGART             30622      GA    1        49.45151579     46978.94
824917      BALONEK             3156  STICKNEY AVE            TOLEDO             43608      OH    1        74.94268889     33711.24

824919      BLACK                512  S KENTUCKY              SOUTH BEND         46619      IN    1        79.96529412     40767.43
824944      KISNER               117  SWEETHOME RD            BELZONI            39038      MS    1           74.97732     37488.66

824948      HUTCHINSON          6009  PEPCO CT                WOODBRIDGE         22193      VA    1        79.50472917    152572.72
824954      BARBER              1330  GLYNDON AVE             BALTIMORE          21223      MD    1        79.97037895     37959.83

824957      BARBER              1333  GLYNDON AVE             BALTIMORE          21223      MD    1                 80     39159.83
824967      MORRIS               806  N 35TH ST               RICHMOND           23223      VA    1        36.50107317     29861.16
824968      HOPPER               249  S SEFFNER AVE           MARION             43302      OH    1        77.80210667     58201.99
824987      RAINES               125  S BROADWAY PO BOX 98    LOVELACEVILLE      42060      KY    1                 80     59930.23
825023      GARCIA              8825  OAK CIR                 TAMPA              33615      FL    1                 90     80975.51
825039      PERRY               5858  N SHERIDAN #208         CHICAGO            60660      IL    1                 90     42185.68
825062      HAMPTON            18492  PREVOST                 DETROIT            48235      MI    1            69.7569     34878.45

                                     I-A-19

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

824533          10.94          Fixed Rate        426.51     7/29/29     Single Family      Owner occupied      75000     360
824536           11.6          Fixed Rate        375.22     7/30/14     Single Family      Owner occupied      47000     180
824537           12.5          Fixed Rate        538.44      8/4/09     Single Family      Owner occupied     145500     120
824552          11.85          Fixed Rate        241.08     8/11/14     Single Family      Owner occupied      27000     180
824556           11.5          Fixed Rate       1136.36     8/23/14     Single Family      Owner occupied     135000     180
824573          10.45          Fixed Rate        345.73     8/19/29     Multiple Family    Not Owner           60000     360
                                                                                           occupied
824591          10.25          Fixed Rate        333.52     8/12/14     Single Family      Owner occupied      39000     180
824627           10.5          Fixed Rate         365.9     8/10/14     Single Family      Owner occupied      50000     180
824651             11          Fixed Rate        227.32     8/10/14     Single Family      Owner occupied      65000     180
824654          10.75          Fixed Rate        301.05      8/2/14     Single Family      Owner occupied      43000     180
824659            8.8          Fixed Rate        817.93      8/4/29     Single Family      Owner occupied     150000     360
824673             13          Fixed Rate        371.68     8/13/14     Multiple Family    Not Owner           42000     180
                                                                                           occupied
824677           9.25          Fixed Rate       1480.82     8/10/14     Single Family      Owner occupied     246000     180
824695           10.5          Fixed Rate        274.14      8/9/14     Single Family      Not Owner           31000     180
                                                                                           occupied
824719           11.5          Fixed Rate        760.69     8/30/29     Single Family      Owner occupied      86000     360
824720           11.5          Fixed Rate        380.27     8/16/14     Single Family      Not Owner           56000     180
                                                                                           occupied
824722           9.75          Fixed Rate        549.86     7/30/14     Single Family      Owner occupied      80000     180
824729           11.2          Fixed Rate        371.51     8/18/29     Single Family      Owner occupied      48000     360
824737           12.2          Fixed Rate        286.16      9/3/14     Single Family      Owner occupied     112000     180
824760             11          Fixed Rate         453.4     7/30/29     Single Family      Owner occupied      60000     360
824779          10.75          Fixed Rate         618.9     7/29/14     Single Family      Owner occupied      78000     180
824784           11.1          Fixed Rate        415.72     8/25/14     Single Family      Owner occupied      48500     180
824808          13.35          Fixed Rate        680.17      8/9/14     Single Family      Owner occupied      80000     180
824819          11.95          Fixed Rate        420.15      9/3/14     Single Family      Owner occupied      50000     180
824838           9.99          Fixed Rate        1168.5     8/10/14     Single Family      Owner occupied     128000     180
824855          10.95          Fixed Rate        378.47      8/4/14     Single Family      Owner occupied      45000     180
824869          11.25          Fixed Rate        367.14      8/6/14     Single Family      Owner occupied      42000     180
824872           11.5          Fixed Rate        713.01     8/20/14     Single Family      Not Owner           90000     180
                                                                                           occupied
824875           10.5          Fixed Rate        269.72     8/12/14     Single Family      Owner occupied      35000     180
824886           11.5          Fixed Rate        557.04      8/3/14     Multiple Family    Not Owner           76000     180
                                                                                           occupied
824892          12.45          Fixed Rate         344.2      9/1/14     Single Family      Owner occupied      35000     180
824909          11.75          Fixed Rate        353.05     8/17/14     Single Family      Owner occupied      44000     180
824916           9.94          Fixed Rate        410.38      9/7/29     Single Family      Owner occupied      95000     360
824917          10.74          Fixed Rate         314.8     7/27/14     Single Family      Not Owner           45000     180
                                                                                           occupied
824919          10.95          Fixed Rate        387.01      8/3/14     Single Family      Owner occupied      51000     180
824944          11.75          Fixed Rate        378.53      9/8/29     Single Family      Not Owner           50000     360
                                                                                           occupied
824948            9.5          Fixed Rate       1284.83     7/30/14     Single Family      Owner occupied     192000     180
824954          11.24          Fixed Rate        368.79     7/30/14     Single Family      Not Owner           47500     180
                                                                                           occupied
824957          11.24          Fixed Rate        380.44     7/30/14     Single Family      Owner occupied      49000     180
824967           10.5          Fixed Rate        331.62      8/5/14     Single Family      Owner occupied      82000     180
824968           9.45          Fixed Rate        609.11      8/2/14     Single Family      Owner occupied      75000     180
824987          10.95          Fixed Rate        617.27      9/7/19     Single Family      Owner occupied      75000     240
825023          11.75          Fixed Rate        817.62      9/1/14     Single Family      Owner occupied      90000     180
825039          11.99          Fixed Rate        433.85     8/30/29     Single Family      Owner occupied      48000     360
825062          13.35          Fixed Rate        396.77     8/18/14     Single Family      Owner occupied      50000     180


                                     I-A-19

(table continued)

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
825066      THOMPSON            2836  JEFFERSON AVENUE        BATON ROUGE        70802      LA    1        89.96755319     42269.36
             PATTON
825067      JEWKES               699  W 1800 N                OREM               84057      UT    2        84.95460145     31174.07
825068      ARMSTRONG            153  S 1000 E                OREM               84097      UT    1        79.96988542     76741.92

825071      WIMBISH             5551  WINTERSET PL            COLORADO SPRINGS   80918      CO    1        79.95252364    219737.94
825074      HARDISON           18181  HAMILTON                HIGHLAND PARK      48203      MI    1                 70    262376.23
825097      JUAREZ              1618  S KENDALL STREET        SOUTH BEND         46613      IN    1        74.81904762     31347.37

825107      WRIGHT              4601  MANNASOTA AVE           BALTIMORE          21206      MD    1                 85     75589.61
825133      GROSS               1330  ARMORY DR               JACKSON            41339      KY    1                 90     35976.89
825141      HEATH              36909  E TRUMAN RD             OAK GROVE          64075      MO    1        89.96961584    306691.81
825158      WILLIAMS JR          122  DUDLEY ST               FLEMINGSBURG       41041      KY    1        79.97632727     43973.83
825174      GRAHAM               423  N LINCOLN AVE           BARNESVILLE        43713      OH    1        74.95894667     56188.19
825185      KNOX                1406  S HACKLEY               MUNCIE             47305      IN    1        89.94096842     42721.96
825231      ISSACS              1272  GOLDEN GATE PARK        LEXINGTON          40517      KY    1        84.96034286     59444.25
825283      STEVENSON            666  SHROPSHIRE AVE          LEXINGTON          40508      KY    1        46.94211765      19900.4

825332      HIGGINS              114  CITRUS AVE              DUNEDIN            34698      FL    2        89.99039655      38832.6
825345      PEEPLES              508  A HUNTER ST             GAINESVILLE        30501      GA    1            79.9712     51962.52
825361      SHUPINSKY           1309  HOYT AVE                INDIANAPOLIS       46203      IN    1        74.96103571     41956.19
825362      WILLIAMS            1876  RICHTREE RD             COLUMBUS           43219      OH    1                 80    103907.61
825367      RUSSELL              606  W WITHERBEE ST          FLINT              48503      MI    1           79.97116     39971.03
825379      ARMSTRONG           3721  ORCHARD AVE             INDIANAPOLIS       46218      IN    1        89.81017143     31366.51
825383      W STEVENSON         3015  STARTOWN RD             NEWTON             28658      NC    2                 85      23104.1
825386      GLENN               8307  DESOTO                  DETROIT            48238      MI    1        79.83986667     23903.44

825390      WALTERS              211  SAINT REGIS DR          PENSACOLA          32505      FL    1        79.81483636     43795.43
825396      EICK                7463  NIELSON ST              BROOKSVILLE        34613      FL    1        69.85654545     26838.99
825405      ARMSTRONG          13413  COATH AVE               CLEVELAND          44120      OH    1        45.00023529     22899.77
825418      FAHEY                762  MOUNTAIN MEADOW DR      BOULDER            80302      CO    1        42.52493009    139813.41
825419      SHAFFER             3442  OSAGE ST                DENVER             80211      CO    1        60.85385778    136841.78
825442      ALUISY              2142  FIRST AVE N             SAINT PETERSBURG   33710      FL    1                 80     71962.95

825453      FLOWERS             3420  -3422 N 4TH ST          MILWAUKEE          53212      WI    1                 75     32863.94

825482      SHIELDS             1111  ASHLAND DR              STATHAM            30666      GA    1        84.97129936    133359.46

825494      EPPS                2060  ALTON RD                CLEVELAND          44112      OH    1        49.89703846      38838.6
825502      CEASAR              1206  TRANSMITTER RD          PANAMA CITY        32404      FL    1                 75     35985.54
825520      DENMARK              565  KENWOOD AVE             DAYTON             45406      OH    1                 80     67972.69
825558      MCFARLEN             479  REED ST                 KALAMAZOO          49001      MI    1        69.90430318     28581.64
             MCFARL
825603      UPCHURCH            7335  NEW LIBERTY CHURCH R    KEVIL              42053      KY    1        84.97285217     48843.63
825606      BURGESS              507  OLD LEMONS MILL ROAD    GEORGETOWN         40324      KY    1        79.30011111        35671
825623      KEENE                833  FRONTAGE RD             LEBANON            24226      VA    1                 80     97564.82
825677      JACKSON            25253  DONALD                  REDFORD TOWNSHIP   48239      MI    1        84.96969032    131655.61
825685      MCINTOSH            1909  WINDSOR LN              FLINT              48507      MI    1        71.96981333     53954.53
825699      BREWER              5435  SHERIDAN                DETROIT            48213      MI    1                 70     38472.43

825709      TOBEY                291  FERNDALE DR             SPARTANBURG        29316      SC    1        26.31578947     24890.37
825734      WHITMORE            3715  N 2ND ST                MILWAUKEE          53212      WI    1                 80     27938.42
825740      BELL                1300  TERRY ST                NEW ORLEANS        70114      LA    1        45.35363636      29866.2
825765      WASHINGTON\        10141  EARL DR                 SAINT LOUIS        63136      MO    1                 80     31935.03
             WATS

                                     I-A-20

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

825066          10.95          Fixed Rate        401.24     8/25/14     Single Family      Owner occupied      47000     180

825067             12          Fixed Rate        375.65     8/11/14     Single Family      Owner occupied     138000     180
825068          10.75          Fixed Rate        716.91     8/12/29     Single Family      Not Owner           96000     360
                                                                                           occupied
825071            8.6          Fixed Rate       1707.23     8/13/29     Single Family      Owner occupied     275000     360
825074            9.7          Fixed Rate       2245.65     9/17/14     Single Family      Owner occupied     375000     180
825097             10          Fixed Rate         338.5     8/24/14     Single Family      Not Owner           42000     180
                                                                                           occupied
825107           10.5          Fixed Rate           692     8/25/14     Single Family      Owner occupied     116400     180
825133           11.5          Fixed Rate         356.5     8/23/29     Single Family      Owner occupied      40000     360
825141          11.25          Fixed Rate        2980.8     8/13/14     Single Family      Owner occupied     341000     180
825158          11.85          Fixed Rate        447.52      8/4/14     Single Family      Owner occupied      55000     180
825174           8.99          Fixed Rate         452.2      8/5/14     Single Family      Owner occupied      75000     180
825185          11.45          Fixed Rate        421.72      8/5/14     Single Family      Owner occupied      48500     180
825231           9.75          Fixed Rate         511.2     8/18/14     Single Family      Owner occupied      70000     180
825283            9.7          Fixed Rate        211.27     8/13/14     Single Family      Not Owner           42500     180
                                                                                           occupied
825332          11.99          Fixed Rate        399.37     8/23/14     Single Family      Owner occupied     116000     180
825345          10.99          Fixed Rate        494.82     8/27/29     Multiple Family    Owner occupied      65000     360
825361           9.24          Fixed Rate        345.22     8/23/29     Single Family      Owner occupied      56000     360
825362             10          Fixed Rate        912.67     8/11/29     Single Family      Owner occupied     130000     360
825367          10.95          Fixed Rate        379.42     8/11/14     Single Family      Owner occupied      50000     180
825379          11.45          Fixed Rate        366.98      8/9/14     Multiple Family    Owner occupied      35000     180
825383           12.1          Fixed Rate        279.33      9/7/14     Single Family      Owner occupied      95000     180
825386             12          Fixed Rate        288.04     8/30/14     Single Family      Not Owner           30000     180
                                                                                           occupied
825390          10.45          Fixed Rate        485.01     8/17/14     Single Family      Owner occupied      55000     180
825396          11.75          Fixed Rate        319.12     8/11/14     Single Family      Owner occupied      38500     180
825405          11.15          Fixed Rate        263.59     8/30/14     Single Family      Owner occupied      51000     180
825418           8.05          Fixed Rate       1032.15     8/18/29     Single Family      Owner occupied     329000     360
825419           8.75          Fixed Rate       1077.78     8/24/14     Multiple Family    Owner occupied     225000     180
825442           12.5          Fixed Rate        768.43     8/13/14     Multiple Family    Not Owner           90000     180
                                                                                           occupied
825453          11.74          Fixed Rate        390.55     8/12/14     Multiple Family    Not Owner           44000     180
                                                                                           occupied
825482          11.25          Fixed Rate       1296.15     8/27/29     Single Family      Not Owner          157000     360
                                                                                           occupied
825494           11.7          Fixed Rate        460.56     8/18/14     Single Family      Owner occupied      78000     180
825502          10.45          Fixed Rate        327.96     9/16/14     Single Family      Owner occupied      48000     180
825520          10.45          Fixed Rate        619.48      9/1/14     Single Family      Owner occupied      85000     180
825558           11.5          Fixed Rate        283.22     8/17/14     Multiple Family    Not Owner           41000     180
                                                                                           occupied
825603           11.5          Fixed Rate           484     8/17/29     Single Family      Owner occupied      61500     360
825606          10.59          Fixed Rate        328.97     8/26/29     Single Family      Owner occupied      45000     360
825623          10.95          Fixed Rate        925.78      9/3/14     Single Family      Owner occupied     122000     180
825677             11          Fixed Rate       1254.69     8/16/29     Single Family      Owner occupied     155000     360
825685          10.25          Fixed Rate        483.89     8/16/14     Single Family      Owner occupied      75000     180
825699             11          Fixed Rate        366.64     8/20/14     Single Family      Not Owner           55000     180
                                                                                           occupied
825709          11.85          Fixed Rate        356.51     9/14/09     Single Family      Owner occupied      95000     120
825734             11          Fixed Rate        318.25     9/13/14     Multiple Family    Owner occupied      35000     180
825740           10.9          Fixed Rate         339.1     8/23/14     Single Family      Owner occupied      66000     180
825765          11.85          Fixed Rate        380.97      9/1/14     Single Family      Owner occupied      41500     180



                                     I-A-20

(table continued)

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
825779      ORME                4155  MCCORMICK RD            MOUNT STERLING     40353      KY    1        84.95949655    123132.06
825784      MANZI                707  SUNKEN MEADOW LN        JACKSONVILLE       32218      FL    1                 90    123253.08
825800      MAY                  112  FIELDSTONE WAY          WINCHESTER         40391      KY    2        99.96358462     38857.21
825804      ANDERSON               6  EMS B 60 B LN           WARSAW             46580      IN    1                 90      34626.5
825835      DALBY               3724  VIKING BLVD             SPRINGFIELD        62707      IL    1        89.96961145    113768.26
825883      EWELL                535  E 700 S                 MOUNT PLEASANT     84647      UT    1                 90     88170.23
825956      BESKO                528  E GREENLAWN             LANSING            48906      MI    1        84.96602532     67097.55
825958      THORNTON JR          604  W VINE STREET           MOUNT VERNON       43050      OH    1        89.94822222     80906.45
825965      MARTIN              8912  HILLVIEW AVE            SAINT LOUIS        63136      MO    1        79.97386792     42372.17
825968      MARTIN              5216  WREN AVE                SAINT LOUIS        63120      MO    1          74.839625     23896.88

826006      CLARK                328  W BROADWELL STREET      ALBION             49224      MI    1        79.97444444     35976.89

826008      STEPHENS             464  SANFORD DR              NICHOLSON          30565      GA    1                 80     44766.12

826009      CLARK                112  W WALNUT ST             ALBION             49224      MI    1        79.83212308     25890.35

826053      CAMPBELL           13741  SYRACUSE                HAMTRAMCK          48212      MI    1            64.8636     25890.35
826121      TYSON               6016  SE WALKERS CAY CT       STUART             34997      FL    1        74.95493571    104873.37
826124      CLUTE               3735  ALOHA DR                SARASOTA           34232      FL    1        89.96790361     74646.48
826132      GAVINSKI             329  GRANDVIEW AVE           MENASHA            54952      WI    1                 80     39587.48

826135      SMITH                335  BURNHAM                 LOWELL             46356      IN    1                 75      89960.1
826138      THOMAS              1623  INDIANA AVE             TOLEDO             43607      OH    1        66.66666667     19958.62

826172      EDWARDS              911  CEDAR TRACE             LILBURN            30247      GA    1        84.96694146    174113.86
826176      TRUELOVE             349  BELLEVIEW DR            CLEVELAND          37323      TN    1        74.98416901     53227.39
826190      CARGLE              2100  WILSON ST               CHATTANOOGA        37404      TN    1                 80     55180.95
826216      CEPHAS                 8  W WASHINGTON STREET     HIGHLAND SPRINGS   23075      VA    1        84.96232558     73034.93
826218      EDWARDS              916  BIRMINGHAM ST           BIRMINGHAM         35217      AL    1            89.7974     58235.45
826246      WARD                 216  CHERRY ST               COMO               38619      MS    1                 80     23948.92

826287      EHRLICH               14  CENTENNIAL CT           DEERFIELD BEACH    33442      FL    2                 85     30229.69
826307      MAHAFFEY            4621  S NORFOLK WAY           AURORA             80015      CO    1                 80    117856.52
826327      HANSON              8449  PERRIN AVE              WESTLAND           48185      MI    1        69.23076923     89955.64
826343      DEATON              1641  THALL DR                HAMILTON           45013      OH    1                 80    235850.08
826371      STEWART             4334  RUE DE VALEUR           BAKER              70714      LA    1                 80    130294.78
             BOYKIN
826393      TINSLEY              820  CEDARWOOD DR            PITTSBURGH         15235      PA    1        79.96609524      83928.5
826443      LARMAN               637  W MT MORRIS ST          MOUNT MORRIS       48458      MI    1            74.9702     33723.07

826500      FOUST                322  W 26TH ST               MARION             46953      IN    1        71.80851064     33674.73

826544      GALATI              8857  JENNINGS RD             SAINT LOUIS        63136      MO    1        38.46153846     19952.84
826571      BERARD               205  WAKEFIELD DR            LOCUST GROVE       22508      VA    2        87.23708333     59969.82
826575      WASHINGTON         10116  EARL DR                 SAINT LOUIS        63136      MO    1                 80     31933.16

826614      WHITE                425  FLAT RD                 CAMPTON            41301      KY    1                 90     69024.43
826633      OTUYELU              643  ORLEANS PL N E          WASHINGTON         20002      DC    1                 90    125909.73
826671      JORDAN             19882  LOXAHATCHEE POINTE D    JUPITER            33458      FL    1        72.95286585    298307.56
826673      PAULSON            44465  HWY 72                  WARD               80481      CO    2        89.99422222      80321.3
826686      SHIELDS               21  W STEPHENS ST           WINDER             30680      GA    1        39.97787368      37957.8
826691      SMITH               1212  DEBBIE DRIVE            MONROE             28112      NC    1                 85     64548.44
826746      KIRK                1028  KARL ST                 WARREN             44485      OH    1                 75     37467.39
826761      PRINTUP             1023  GEERS AVE               COLUMBUS           43206      OH    1                 90     33222.92
826762      HUGUELY              314  SMITH ST                DAYTON             45408      OH    1                 85     24537.48


                                     I-A-21

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

825779           9.65          Fixed Rate       1049.87     8/18/29     Single Family      Owner occupied     145000     360
825784           10.7          Fixed Rate       1146.35      9/2/29     Single Family      Owner occupied     137000     360
825800          12.99          Fixed Rate        493.19     8/16/14     Single Family      Owner occupied     195000     180
825804          11.25          Fixed Rate        336.54     8/24/14     Single Family      Owner occupied      40000     180
825835          11.25          Fixed Rate       1105.74     8/27/14     Single Family      Owner occupied     126495     180
825883          11.25          Fixed Rate        856.65     9/13/29     Single Family      Owner occupied      98000     360
825956           10.6          Fixed Rate        619.27     8/30/29     Single Family      Owner occupied      79000     360
825958           8.75          Fixed Rate        637.23     8/16/29     Single Family      Owner occupied      90000     360
825965           11.4          Fixed Rate        416.65     8/26/14     Single Family      Owner occupied      53000     180
825968           11.3          Fixed Rate        277.32     8/26/14     Single Family      Not Owner           32000     180
                                                                                           occupied
826006           11.5          Fixed Rate         356.5     8/27/14     Single Family      Not Owner           45000     180
                                                                                           occupied
826008          10.75          Fixed Rate         418.2     8/27/29     Single Family      Not Owner           56000     360
                                                                                           occupied
826009           11.5          Fixed Rate        303.73     8/27/14     Single Family      Not Owner           37000     180
                                                                                           occupied
826053           11.5          Fixed Rate        303.73     8/19/14     Single Family      Owner occupied      40000     180
826121           8.54          Fixed Rate        810.34     8/23/14     Single Family      Owner occupied     140000     180
826124             11          Fixed Rate        711.39     8/18/29     Single Family      Owner occupied      84000     360
826132          11.55          Fixed Rate        393.67      9/7/14     Single Family      Not Owner           49500     180
                                                                                           occupied
826135           9.99          Fixed Rate        789.15     9/16/14     Single Family      Owner occupied     120000     180
826138          11.65          Fixed Rate        235.55      9/2/14     Single Family      Not Owner           30000     180
                                                                                           occupied
826172           10.6          Fixed Rate       1606.98     8/25/14     Single Family      Owner occupied     205000     180
826176          13.35          Fixed Rate        603.65     8/27/14     Single Family      Owner occupied      71000     180
826190          11.15          Fixed Rate        531.95     9/17/14     Single Family      Owner occupied      69000     180
826216           9.99          Fixed Rate        640.96     8/30/14     Single Family      Owner occupied      86000     180
826218          10.75          Fixed Rate        655.75     8/30/14     Single Family      Owner occupied      65000     180
826246          11.35          Fixed Rate        278.08      9/8/14     Single Family      Not Owner           30000     180
                                                                                           occupied
826287          12.59          Fixed Rate        375.07      9/3/14     Single Family      Owner occupied     101500     180
826307            8.5          Fixed Rate        907.32     8/25/29     Single Family      Owner occupied     147500     360
826327           9.49          Fixed Rate        756.11      9/1/14     Single Family      Owner occupied     130000     180
826343          11.55          Fixed Rate        2346.1     8/23/14     Single Family      Owner occupied     295000     180
826371          10.45          Fixed Rate       1187.95     8/30/14     Single Family      Owner occupied     163000     180

826393           10.2          Fixed Rate         749.6     8/30/14     Single Family      Owner occupied     105000     180
826443           10.5          Fixed Rate        308.72     8/30/14     Multiple Family    Not Owner           45000     180
                                                                                           occupied
826500          10.85          Fixed Rate        380.43      9/9/14     Single Family      Not Owner           47000     180
                                                                                           occupied
826544          10.25          Fixed Rate        217.99     9/20/14     Single Family      Owner occupied      52000     180
826571           12.6          Fixed Rate        645.01     8/25/14     Single Family      Owner occupied     240000     180
826575          11.55          Fixed Rate        374.84      9/1/14     Single Family      Not Owner           40500     180
                                                                                           occupied
826614           10.9          Fixed Rate         652.6     8/30/14     Single Family      Owner occupied      76750     180
826633             11          Fixed Rate       1199.93     8/30/29     Single Family      Owner occupied     140000     360
826671           8.99          Fixed Rate          3040     8/30/14     Single Family      Owner occupied     410000     180
826673           10.9          Fixed Rate        909.91     9/17/14     Single Family      Owner occupied     225000     180
826686           8.94          Fixed Rate        304.12     8/27/29     Single Family      Owner occupied      95000     360
826691           10.5          Fixed Rate        590.92     8/30/14     Single Family      Owner occupied      76000     180
826746           10.1          Fixed Rate        331.86     8/30/14     Single Family      Owner occupied      50000     180
826761          10.45          Fixed Rate        367.07      9/2/14     Single Family      Owner occupied      71000     180
826762          10.65          Fixed Rate        274.78     8/30/14     Single Family      Not Owner           29000     180
                                                                                           occupied


                                     I-A-21

(table continued)

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
826873      JOHNSON            10524  GLENMAR CT              GLEN ALLEN         23060      VA    2        84.48853755      19959.2
826896      HOLT                 123  E 5TH ST                JACKSONVILLE       32206      FL    1                 85     67972.33
826910      DAVIS               1835  CANTERBURY RD           MACON              31204      GA    1                 85      54800.7
826912      KOHLENBERG          2032  FAIRFAX ROAD            TOLEDO             43613      OH    1                 80     47982.88

826922      SMITH               6121  DARDEN CT               CHARLOTTE          28211      NC    1        66.94915254     78954.45
826927      BASCO                 18  GRAND PAW DR            PINEVILLE          71360      LA    1                 85     62030.61
             COUTEE
826963      BUTLER              3130  ENGLEWOOD               INDEPENDENCE       64052      MO    1                 75     43389.13
827008      GEBHART             2801  NE 59TH CT              FORT LAUDERDALE    33308      FL    1        84.89851626    208598.46
827018      HERRING              766  THAN SKINNER RD         WINDER             30680      GA    1        88.88888889     71833.34
827036      WATSON               115  DEER RUN RD             ELLENWOOD          30294      GA    1        89.95975238     94415.13
827052      KISNER               117  -A SWEETHOME RD         BELZONI            39038      MS    1          89.975375     43188.18
827054      PORTER              5700  ST LOUIS AVE            SAINT LOUIS        63120      MO    1        89.96382927     36871.11
827073      MILLETT             6548  WHITNEY AVE             SAINT LOUIS        63133      MO    1           83.59375      53482.9
827074      MARKS              17070  EDWARDS                 SOUTHFIELD         48076      MI    1                 80    111955.49
827140      STURGILL             347  POPLAR ST               BENHAM             40807      KY    1                 80     51949.72
827166      WRIGHT             18653  HUBBELL                 DETROIT            48235      MI    1        79.41176471     80969.17
827171      THATCHER            2239  OLDS STREET             SANDUSKY           44870      OH    1                 90     45881.56
827197      PENNEY              2730  HIGHWAY 257             DUBLIN             31021      GA    1        68.78306878     64964.42
827206      FOSTER               626  S 13TH AVENUE           MAYWOOD            60153      IL    1         67.1641791     44979.01
827211      READ                1396  PENINSULA TRACE         LAWRENCEVILLE      30044      GA    2        89.93535833     22159.43
827235      ELKINS              1756  ELM RD NE               WARREN             44483      OH    1                 90    112462.44
827281      HANNAWI             7537  BINGHAM                 DEARBORN           48126      MI    1                 85    186940.24
827355      GETTRIDGE\            39  EUGENIE CT              NEW ORLEANS        70131      LA    1                 80     116734.3
             DECQU
827364      DAVID               1514  MCCULLOH ST             BALTIMORE          21217      MD    1                 75     46482.11

827475      RUIZ                7420  NW 38TH CT              FORT LAUDERDALE    33319      FL    1        87.65077931    127093.63
827491      TORRES              5526  CROSSRAIL CT            BURKE              22015      VA    1        89.95499557    101559.19
827515      NAPPER              1973  DUNNING RD              COLUMBUS           43219      OH    1                 90     60274.71
827517      EZZELL              2236  DAHLIA ST               DENVER             80207      CO    2                 90     49333.52
827526      GLASSBURN            960  SCOTT SCHOOL RD         VINTON             45686      OH    1                 90      58472.7
827538      RICH                1416  E IRISH LN              LITTLETON          80122      CO    1                 75    172407.73
827552      BROWN               2939  BURLINGGAME             DETROIT            48206      MI    1                 70      43380.8
827586      CECIL                258  OSAGE CT                LEXINGTON          40509      KY    1                 80     30262.39

827716      BISHOP              5076  LORRAINE PL             FOREST PARK        30297      GA    1        79.97145652     36773.62

827726      SANTIAGO            1110  SW 8TH AVE              DEERFIELD BEACH    33441      FL    1        78.94736842      59955.6

827734      JOHNSON             1598  SW 20TH ST              BOCA RATON         33486      FL    1                 70    265296.41
827812      RICHARDS            1211  WHISPERING PINES RD     ALBANY             31707      GA    1                 75     61405.32
827832      SIMS                5014  ROCK GLEN TURN          MULBERRY           33860      FL    1                 70     48978.28
827853      MANSON               150  LINDEN AVE SE           WARREN             44483      OH    1                 80     55979.81
827875      RODRIGUEZ           3808  TREADWAY DR             VALRICO            33594      FL    2                 85     21003.06
827918      MCPHIE              1260  S 3600 E                HEBER CITY         84032      UT    2                 75        26192
827924      MILLETT             1350  FERGUSON AVE            SAINT LOUIS        63133      MO    1                 75      48735.9

828011      HOWARD\              224  PATTON RD               GREENVILLE         29605      SC    1                 75     44980.09
             COFFMAN
828060      SHUMPERT            3115  ABNER ST                SAINT LOUIS        63121      MO    1                 80     35189.24

828111      KELLOGG             1845  N INDIANA ST            GRIFFITH           46319      IN    1        62.22222222     55975.49
828179      AYARS               1211  2ND ST                  GREELEY            80631      CO    1                 75     84709.18

                                     I-A-22

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

826873           11.8          Fixed Rate        237.47     9/15/14     Single Family      Owner occupied     126500     180
826896          10.39          Fixed Rate        616.44     9/16/29     Multiple Family    Owner occupied      80000     360
826910           9.99          Fixed Rate        480.72     9/17/14     Single Family      Owner occupied      64500     180
826912             11          Fixed Rate        457.12     9/22/14     Single Family      Not Owner           78000     180
                                                                                           occupied
826922           8.74          Fixed Rate        620.93      9/7/29     Single Family      Owner occupied     118000     360
826927           11.6          Fixed Rate        619.21      9/1/14     Single Family      Owner occupied      73000     180

826963            9.4          Fixed Rate        451.62      9/7/14     Single Family      Owner occupied      58000     180
827008          10.75          Fixed Rate       2122.84     8/30/14     Single Family      Owner occupied     282000     180
827018          10.45          Fixed Rate        793.66     9/13/14     Single Family      Owner occupied      81000     180
827036           9.95          Fixed Rate        825.82     8/30/14     Single Family      Owner occupied     105000     180
827052           12.2          Fixed Rate        451.02      9/8/29     Single Family      Owner occupied      48000     360
827054          10.74          Fixed Rate        344.18     8/30/29     Multiple Family    Owner occupied      41000     360
827073           11.5          Fixed Rate        529.81      9/9/29     Single Family      Owner occupied      64000     360
827074           10.5          Fixed Rate       1024.51     9/13/29     Single Family      Owner occupied     140000     360
827140            9.6          Fixed Rate        441.04     8/30/14     Single Family      Owner occupied      65000     180
827166           10.7          Fixed Rate        753.08     9/13/29     Single Family      Owner occupied     102000     360
827171          10.45          Fixed Rate        418.15     9/17/14     Single Family      Owner occupied      70000     180
827197           8.99          Fixed Rate        522.54     9/22/14     Single Family      Owner occupied      94500     180
827206           9.75          Fixed Rate        386.62      9/1/14     Single Family      Owner occupied      67000     180
827211          12.95          Fixed Rate        280.15      9/7/14     Single Family      Owner occupied     120000     180
827235           11.3          Fixed Rate       1096.94     9/13/14     Single Family      Owner occupied     125000     180
827281           11.5          Fixed Rate       1851.84      9/1/14     Single Family      Owner occupied     220000     180
827355           12.1          Fixed Rate       1210.42     8/30/29     Single Family      Owner occupied     149000     360

827364          10.65          Fixed Rate        430.58      9/8/29     Single Family      Not Owner           62000     360
                                                                                           occupied
827475           9.99          Fixed Rate       1114.89      9/3/14     Single Family      Owner occupied     145000     180
827491          10.45          Fixed Rate        925.58      9/1/14     Single Family      Owner occupied     114000     180
827515          10.25          Fixed Rate        540.35      9/7/29     Single Family      Owner occupied      67000     360
827517           11.3          Fixed Rate        481.19      9/8/14     Single Family      Owner occupied     329000     180
827526           9.75          Fixed Rate        502.61      9/7/14     Single Family      Owner occupied      65000     180
827538            9.1          Fixed Rate        1400.4     9/21/14     Single Family      Owner occupied     230000     180
827552             10          Fixed Rate        380.87     9/17/29     Single Family      Owner occupied      62000     360
827586          10.74          Fixed Rate        340.58     8/30/14     Single Family      Not Owner           38000     180
                                                                                           occupied
827716             11          Fixed Rate        350.46     8/30/29     Single Family      Not Owner           67000     360
                                                                                           occupied
827726          10.85          Fixed Rate         564.6     8/30/14     Single Family      Not Owner           76000     180
                                                                                           occupied
827734           8.99          Fixed Rate       2696.37      9/7/14     Single Family      Owner occupied     380000     180
827812          11.49          Fixed Rate        607.82      9/3/14     Single Family      Owner occupied      83500     180
827832           9.99          Fixed Rate        429.65     9/21/29     Single Family      Owner occupied      70000     360
827853          10.95          Fixed Rate        531.19     9/14/14     Single Family      Owner occupied      70000     180
827875          10.85          Fixed Rate        237.27     9/20/14     Single Family      Owner occupied     103000     180
827918          10.95          Fixed Rate        297.53     9/22/14     Single Family      Owner occupied     355000     180
827924          11.95          Fixed Rate        499.57      9/9/14     Single Family      Not Owner           65000     180
                                                                                           occupied
828011             10          Fixed Rate        394.91      9/9/14     Single Family      Not Owner           60000     180
                                                                                           occupied
828060           11.7          Fixed Rate        353.96     9/16/29     Single Family      Not Owner           44000     360
                                                                                           occupied
828111          10.05          Fixed Rate        493.51     9/15/29     Single Family      Owner occupied      90000     360
828179            9.6          Fixed Rate        718.82     9/13/29     Single Family      Owner occupied     113000     360


                                     I-A-22

(table continued)

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
828234      ELLIS                436  E BAYFRONT PARKWAY      PENSACOLA          32501      FL    1                 80    177524.72
828345      CLARK                209  WILLOW DR               VICKSBURG          39180      MS    1                 80     45584.57
828388      MARCOS             13414  WILDWOOD CT             WOODBRIDGE         22191      VA    1        89.17197452    139949.53
828425      SNYDER             53059  TOWNSHIP RD 159         WEST LAFAYETTE     43845      OH    1        67.05882353     56973.69
828446      BABCOCK             2154  S LEWISTON ST           AURORA             80013      CO    1                 90    130448.69
828452      SANDERS             2511  OLIVIA ST               ALBANY             31705      GA    1                 85     42485.96
828463      KILGORE JR         RTE 2  BOX 1E1 ASHTON AVE      HILLSBORO          41049      KY    1                 80     23172.48
828482      RODGERS             3751  W 80TH ST               CHICAGO            60652      IL    1                 85    126607.24
828871      INGLE               1117  W 4TH ST                MISHAWAKA          46544      IN    1                 80     62296.02
828935      SALES               4621  KIRKLAND AVE            CHATTANOOGA        37410      TN    1                 75      39737.3

828939      SOGUNRO             2015  E PINE                  SPRINGFIELD        62703      IL    1                 80     35984.74

828997      BURGESS              821  N 24TH ST               PADUCAH            42001      KY    1                 80     36787.44

829115      SCIANDRA             428  MILLINGTON AVE          BALTIMORE          21212      MD    1                 80     43983.25

880105      BUFFA               2401  NORTH 17TH AVENUE       PENSACOLA          32503-     FL    1        58.78297368     22337.53

901870      SERWATKA            1311  BROADWAY                NORTH CHICAGO      60064      IL    1        79.67315789     30265.57

901935      SANCHEZ             2619  E CAMINO ST             MESA               85213      AZ    2        91.03720219      19508.7
902182      WRIGHT             15431  S 22ND ST               PHOENIX            85048      AZ    2        97.88540923     18063.79
902195      TURNWALL           32891  GOLDENGATE CANYON RD    GOLDEN             80403      CO    2        89.96506571     34865.95
902202      MARASCUILO          4878  MARION RD               MEMPHIS            38117      TN    1        85.66491954     74491.87
902203      KEA                 4332  WINDING HOLLOW WAY      MEMPHIS            38125      TN    1        89.65755837     134349.1
902204      BOLDEN              6861  GREENBARK DR            MEMPHIS            38115      TN    1        89.68971613     69458.66
902221      LOVE                1314  N MAPLE                 DECATUR            62526      IL    1            88.1078     30771.75
902226      OFFIE                371  JEFFERSON AVE           SHARON             16146      PA    1        89.77161017     52950.98
902227      HURST               4320  BENSON RD               GARNER             27529      NC    1        84.68695963     212795.8
902229      VAUGHN             10576  TIGER GROTTO            LITTLETON          80124      CO    1         89.7790251    179897.15
902231      RAMSEY              1057  HIMELRIGHT              AKRON              44320      OH    1        74.55908235     63345.55

902233      DIAL                 111  WHITNEY DRIVE           LAWRENCEBURG       40342      KY    1        75.54725263     71745.63
902235      BANKS                673  GOVERNORS WAY           VIRGINIA BEACH     23452      VA    1        77.10686667     46249.77
902239      RAMSEY               916  10TH ST                 CANTON             44704      OH    1        74.53493617     35015.36

902254      GILMER               921  MAGRUDER RD             SMITHFIELD         23430      VA    1        55.30754545     60819.42
902266      COLEMAN             3011  MCKENNEDY DRIVE         GREENWOOD          38930      MS    1        88.86303297      40405.2
911757      HIGGINS              402  FREEMONT                BALDWIN CITY       66006      KS    1        89.38054667      67014.2
914300      FRANCIS             4219  LANAI DR                SARASOTA           34241      FL    2        84.56321552     27724.06
914408      CLARK                312  W KELLY                 AUGUSTA            67010      KS    1        89.51601639     54583.47
914818      ROOF                1018  KIPLING DR              NASHVILLE          37217      TN    1        82.74162069     47990.14
915216      HUMES              18810  NW 9TH AVE              MIAMI              33169      FL    1        83.02145283     87516.27
915365      CORNWELL            1781  DOVER ST                IOWA CITY          52240      IA    2        78.80148718     46220.74
915658      GALE                4247  RIDGEDALE AVE           LAS VEGAS          89121      NV    1        84.58780488      65893.9
915825      LANDRY               130  SAN JOSE                NEW IBERIA         70560      LA    2        83.84156452     10222.41
915842      HADDOCK             2715  BRUCE STRICKLAND RD     GREENVILLE         27811      NC    1        79.77913684     75763.57
915849      STEWART            14254  HUBBLE ST               DETROIT            48227      MI    1        78.57794545     43122.47
915959      CLYBURN              527  -529 JENNIFER JEAN D    BATON ROUGE        70808      LA    1        49.79688406     34437.27

915971      WILLIAMS            3436  WADHAMS RD              NORTH STREET       48049      MI    2        79.22871765      33639.9
916019      ALLEN                     RT 1 BOX 12             ANGUILLA           38721-     MS    1        74.82980952     31428.52
916023      ARABIE             12922  ARABIE RD               RAYNE              70573      LA    2        89.69516364     10614.76
916060      BROOME             11054  E OUTER DR              DETROIT            48224      MI    1            55.8196     19536.86

                                     I-A-23

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

828234           10.2          Fixed Rate       1584.88     9/21/14     Single Family      Owner occupied     222000     180
828345          11.24          Fixed Rate        442.55     9/17/29     Single Family      Owner occupied      57000     360
828388          10.95          Fixed Rate       1327.97     9/20/14     Single Family      Owner occupied     157000     180
828425            9.8          Fixed Rate        491.81     9/15/29     Single Family      Owner occupied      85000     360
828446          10.55          Fixed Rate       1198.62     9/20/29     Single Family      Owner occupied     145000     360
828452          11.35          Fixed Rate        416.02     9/17/14     Single Family      Owner occupied      50000     180
828463           10.8          Fixed Rate        236.32     9/20/19     Single Family      Owner occupied      29000     240
828482          11.25          Fixed Rate        1230.1     9/15/14     Single Family      Owner occupied     149000     180
828871          10.65          Fixed Rate        577.07     9/20/14     Single Family      Owner occupied      78000     180
828935           11.5          Fixed Rate        393.64     9/21/14     Single Family      Not Owner           53000     180
                                                                                           occupied
828939           10.2          Fixed Rate        321.26     9/17/14     Single Family      Not Owner           45000     180
                                                                                           occupied
828997           11.2          Fixed Rate        356.03     9/17/14     Single Family      Not Owner           46000     180
                                                                                           occupied
829115           10.7          Fixed Rate        409.08     9/17/14     Single Family      Not Owner           55000     180
                                                                                           occupied
880105              8          Fixed Rate        401.96      8/5/05     SINGLE FAMILY      Not Owner           38000     102
                                                                                           occupied
901870          11.85          Fixed Rate         309.2      8/1/13     Single Family      Not Owner           68000     180
                                                                                           occupied
901935           13.3          Fixed Rate        257.01      9/1/13     Single Family      Owner occupied      91500     180
902182           11.8          Fixed Rate        219.66     11/1/13     Single Family      Owner occupied     162500     180
902195          11.75          Fixed Rate        353.29     10/1/13     Single Family      Owner occupied     350000     180
902202           13.2          Fixed Rate        838.02    10/23/13     Single Family      Owner occupied      87000     180
902203          11.55          Fixed Rate       1341.15    10/23/13     Single Family      Owner occupied     150000     180
902204          11.35          Fixed Rate        682.76    10/23/13     Single Family      Owner occupied      80000     180
902221           12.7          Fixed Rate        392.35     11/2/13     Single Family      Owner occupied      35000     180
902226          12.75          Fixed Rate        577.03     11/1/13     Single Family      Owner occupied      59000     180
902227           11.6          Fixed Rate       2132.89    10/30/13     Single Family      Owner occupied     251450     180
902229           12.9          Fixed Rate       1981.35     11/1/13     Single Family      Owner occupied     202000     180
902231           10.3          Fixed Rate        573.64     11/1/28     Single Family      Not Owner           85000     360
                                                                                           occupied
902233           11.7          Fixed Rate        724.02     11/4/13     Single Family      Owner occupied      95000     180
902235           12.1          Fixed Rate        480.85     11/1/13     Single Family      Owner occupied      60000     180
902239          10.45          Fixed Rate        321.13     10/1/28     Single Family      Not Owner           47000     360
                                                                                           occupied
902254          12.05          Fixed Rate         629.8     12/1/28     Single Family      Owner occupied     110000     360
902266          11.65          Fixed Rate        406.21     11/3/13     Single Family      Owner occupied      45500     180
911757           11.8          Fixed Rate        680.39     12/4/13     Single Family      Owner occupied      75000     180
914300           12.5          Fixed Rate        348.68     12/9/13     Single Family      Owner occupied     116000     180
914408          11.25          Fixed Rate        533.22     11/1/13     Single Family      Owner occupied      61000     180
914818           11.5          Fixed Rate        575.92    10/30/13     Single Family      Owner occupied      71000     180
915216            9.6          Fixed Rate        946.29    12/11/13     Single Family      Owner occupied     106000     180
915365           12.7          Fixed Rate        508.92      1/1/14     Single Family      Owner occupied     117000     180
915658           9.75          Fixed Rate        568.89     12/1/13     Single Family      Owner occupied      84500     180
915825          11.15          Fixed Rate        119.57      1/1/14     Single Family      Owner occupied      62000     180
915842          11.44          Fixed Rate        749.14      1/1/14     Single Family      Owner occupied      95000     180
915849          10.69          Fixed Rate         480.4      2/1/14     Single Family      Owner occupied      55000     180
915959           10.4          Fixed Rate        486.44      1/1/09     Single Family      Not Owner           69000     120
                                                                                           occupied
915971          11.99          Fixed Rate        374.14     12/1/18     Single Family      Owner occupied     170000     240
916019           12.2          Fixed Rate        328.87    12/16/28     Single Family      Owner occupied      42000     360
916023           12.5          Fixed Rate        161.01      2/1/09     Single Family      Owner occupied     110000     120
916060           9.65          Fixed Rate        210.66      1/1/14     Single Family      Owner occupied      35000     180


                                     I-A-23

(table continued)

Loan        Borr Name         Address                         City               Zip        State Lien     LTV             Curr Bal
No                                                                               Code             Posi-
                                                                                                  tion
916064      PARKER              2957  MONTCLAIR ST            DETROIT            48214      MI    1        59.79277612     19931.27
916082      SMITH              12428  WESTPHALIA              DETROIT            48205      MI    1            79.0114     19757.19
916110      DEQUENT              220  8TH ST                  NEW ORLEANS        70094      LA    1        60.70989189     22462.66
916119      ROSAYA              5016  SHERWOOD ST             BATON ROUGE        70805      LA    1        63.99892308      24908.4
916129      WALKER              3953  PALM ST                 SAINT LOUIS        63107      MO    1        74.26429167     35605.77
916135      REED                4200  W BUENA VISTA AVE       DETROIT            48238      MI    1         79.7693125     38274.84

916359      HULL                3317  NIELSON AVE             YOUNGSTOWN         44502      OH    1        88.63829688      56552.2
916456      PITTMAN             5419  HOLLY HILLS             SAINT LOUIS        63109      MO    1            79.8446     67822.17

916496      BERRY               6648  ROPER HOLLOW RD         MORGANTON          28655      NC    1        69.78714063     44632.52
916525      BUSHNER              925  HARTFORD AVE            AKRON              44320      OH    1        89.72766452     69516.66
916847      SEAMANS              158  EAST MALLORY ST         MEMPHIS            38109      TN    1         79.7787037     38756.54

916982      BUTLER              9412  FIG STREET              NEW ORLEANS        70118      LA    1        33.18632609     15190.27
918784      DAUGHTREY           1652  WENDY CIR               SODDY DAISY        37379      TN    1         49.8868875     39893.95
919555      SMITH               5483  STEPHENS FOREST         MEMPHIS            38141      TN    1        84.82430189     89883.17
919730      ROBINS               980  MARION PL               AKRON              44311      OH    1         79.8547561     32728.21



                                     I-A-24

(table continued)

Loan            APR    Margin  Index            Curr Pmt    Maturity    Property Type      Occ Status         Appr       Orig
No                             Name                         Dt                                                Val        Term

916064          11.45          Fixed Rate        290.44      2/1/09     Single Family      Owner occupied      33500     120
916082           10.2          Fixed Rate        195.66      2/1/19     Single Family      Owner occupied      25000     240
916110           9.55          Fixed Rate        240.87      1/1/14     Single Family      Owner occupied      37000     180
916119           12.8          Fixed Rate        317.41      1/1/14     Single Family      Owner occupied      39000     180
916129          11.75          Fixed Rate        390.13     12/1/18     Single Family      Owner occupied      48000     240
916135           11.1          Fixed Rate         368.6      1/1/14     Single Family      Not Owner           48000     180
                                                                                           occupied
916359            9.5          Fixed Rate        536.91    10/20/18     Single Family      Owner occupied      64000     240
916456          11.55          Fixed Rate        675.99      2/1/14     Multiple Family    Not Owner           85000     180
                                                                                           occupied
916496         11.525          Fixed Rate        444.51    11/25/13     Manufactured       Owner occupied      64000     180
916525          11.95          Fixed Rate        714.77     11/6/28     Single Family      Owner occupied      85000     360
916847          10.65          Fixed Rate        360.02      2/1/14     Single Family      Not Owner           48600     180
                                                                                           occupied
916982          10.94          Fixed Rate        176.72     12/1/13     Single Family      Owner occupied      46000     180
918784          10.85          Fixed Rate        376.41     3/10/14     Single Family      Owner occupied      80000     180
919555           11.5          Fixed Rate        892.26      4/1/14     Single Family      Owner occupied     106000     180
919730             11          Fixed Rate        312.36      4/2/14     Single Family      Not Owner           41000     180
                                                                                           occupied


                                     I-A-24


Loan     Borr Name             Address                        City              Zip       State   Lien   LTV            Curr Bal
No                                                                              Code              Posi-
                                                                                                  tion

400572   TOWNSEND               3020  W 28TH STREET           MUNCIE            47302     IN      1      89.29658621     51759.01
703191   CARTER                  201  GLENEAGLE DRIVE         BYRON             31008     GA      1      78.81981982     87445.21
703215   KING                   1601  MERIDAN STREET          NASHVILLE         37207     TN      1      84.49963464     62417.29
703888   COSBY                  1521  PAUL JACK DR            HAMPTON           23666     VA      1      86.01894676     74288.42
703891   JONES                   209  TUNNEL BLVD             CHATTANOOGA       37411     TN      1      84.64509722     60921.84
703901   MC NICHOLAS            1145  N 4TH STREET            PHILADELPHIA      19123     PA      1      88.58215714     61977.12
703926   SPARKS                    5  ADMIRAL COURT           PORTSMOUTH        23703     VA      1      79.62282895    120971.85
703980   LAWHORN                4545  WOODCROFT COVE          LITHONIA          30058     GA      1      78.55978475     87555.28
704093   RICH                   5010  LOCUST STREET           PHILADELPHIA      19139     PA      1               75        42579
704127   KRIVANEC JR            1517  BOXWOOD DRIVE           CHESAPEAKE        23323     VA      1          74.6464        65286
704220   MCCULLERS             18553  ZINNIA ROAD             FORT MYERS        33912     FL      1      74.64786667    100728.96
704257   ZAYAS                    83  WHITMORE STREET         HARTFORD          6114      CT      1      74.69448101     58984.63
704297   MAEHL                  1927  SE 8TH AVENUE           CAPE CORAL        33990     FL      1       78.4142987     60351.88
704310   TOUCHTON               1824  BARBARA LANE            CLEARWATER        33755     FL      1       79.7301771     68854.35
704311   MILLER                 5514  SAGRA RD                BALTIMORE         21239     MD      1      84.65593333     63464.88
704342   SANCHEZ                1638  SHIRLEY DRIVE           ANDERSON          29621     SC      1      79.67410667     59698.73
704352   DUNN II                5535  GALAXY DR               CRESTVIEW         32539     FL      1      84.65181491     82288.42
704381   HUNTER                   20  ALLVIEW AVENUE          NORWALK           6854      CT      1      84.71638286    148137.73
704411   WEIAND                 9611  ORANGE GROVE DRIVE      TAMPA             33618     FL      1      84.69173494     70234.48
781032   HINCHCLIFFE            4820  TEALWOOD                BATON ROUGE       70809     LA      1      73.08922353    124201.15
781623   MARSH                  3904  LITTLETOWN PIKE         WESTMINSTER       21154     MD      1      74.55812644     64836.27
781716   PEASE                  2902  ARMOUR ST               PORT HURON        48060     MI      1      89.54040952     93944.24
782139   SHAFFER                 328  W CANAL                 TEKONSHA          49092     MI      1      83.92407792    129193.42
782378   BYRD                  17808  LOUISE                  SOUTHFIELD        48075     MI      1      89.56359259    145030.65
782535   DUFOSSAT               3817  DESPAUX DRIVE           CHALMETTE         70043     LA      1      84.30386066    102751.25
782633   MACDONALD              6127  S WOODLAWN UNIT B       CHICAGO           60637     IL      1      84.49182927    173208.25
782640   BUCHHOLZ               2563  SOUTH ORANGE            MESA              85210     AZ      1      89.24819886    156999.63
782733   GARNETT                2745  LARKSPUR                BATON ROUGE       70805     LA      1      84.68649091     46527.32
782860   PARKER                  255  255 1/2 S HIGH ST       MARION            43302     OH      1          84.5864     52841.79
782954   WHITE                   300  HODGES ROAD             CHOCOWINITY       27817     NC      1      74.27669006     63480.05
783211   ANDERSON               8141  HARRISON AVE            MUNSTER           46321     IN      1      82.95449123     94522.92
783212   ARMSTRONG               111  GATEBRIAR               BATON ROUGE       70807     LA      1      84.66327273      65163.5
783222   JONES                   608  E RIDGE ROAD            GARY              46408     IN      1      74.80754717      39637.2
783235   CLAY                   1435  NEW LEICESTER HWY       ASHEVILLE         28806     NC      1      84.62165341    148864.38
783262   EKBERG                 6224  LARCOMB DR              HUBER HEIGHTS     45424     OH      1      84.70701621     88792.64
783424   ADAMS                  1412  MILLVILLE OXFORD RD     HAMILTON          45013     OH      1      84.69822764    104092.23
783457   KOSTERS                3507  KIMBALL AVENUE          MEMPHIS           38111     TN      1         79.69408     49764.27
783512   JOHNSON                6420  ST. PIUS AVENUE         BATON ROUGE       70811     LA      1      89.64960215     83342.81
783686   SHIRER JR               703  ORCHARD ROAD            WILLOUGHBY        44094-    OH      1          89.7036      80670.9
783691   WEST                   1446  WOODSON ROAD            ST LOUIS          63132     MO      1      79.66110667     59719.52
783779   MORGAN                 8316  JACKSON STREET          ST LOUIS          63114     MO      1      79.69542105     45381.19
783834   VELISAVLJEVIC            24  S PARK                  WAUKEGAN          60085     IL      1      87.13214583     83605.99

                                     I-B-1

(table continued)

Loan       APR     Margin    Index Name        Curr Pmt   Maturity Dt    Property Type      Occ Status               Appr      Orig
No                                                                                                                    Val       Ter

400572      8.75     6.25   6 Month LIBOR        410.66       6/12/28     Single Family      Owner occupied            60000    360
703191       9.8    6.325   6 Month LIBOR        759.29        9/1/28     Single Family      Owner occupied           111000    360
703215     10.55    6.675   6 Month LIBOR        576.94        8/1/28     Manufactured       Owner occupied            74000    360
703888      10.7     6.25   6 Month LIBOR        694.64       10/1/28     Single Family      Owner occupied            87900    360
703891     11.35    5.875   6 Month LIBOR        599.06        9/1/28     Single Family      Owner occupied            73000    360
703901      11.3    7.425   6 Month LIBOR        614.29       10/1/28     Multiple Family    Owner occupied            74000    360
703926     10.35     6.33   6 Month LIBOR       1098.71       10/1/28     Single Family      Owner occupied           152000    360
703980     10.45     6.45   6 Month LIBOR        801.68       10/1/28     Single Family      Owner occupied           111500    360
704093     11.55     6.25   6 Month LIBOR        424.98       10/1/28     Single Family      Not Owner                 57000    360
                                                                                             occupied
704127     10.35      6.3   6 Month LIBOR        592.95       10/1/28     Single Family      Owner occupied            88000    360
704220     10.35      6.3   6 Month LIBOR        914.84       11/1/28     Single Family      Owner occupied           135000    360
704257     10.85      6.8   6 Month LIBOR        557.55       11/1/28     Single Family      Owner occupied            79000    360
704297      10.6      6.6   6 Month LIBOR        560.48       11/1/28     Single Family      Owner occupied            77000    360
704310     11.45     6.55   6 Month LIBOR        681.77       11/1/28     Single Family      Owner occupied            87000    360
704311      10.6      6.6   6 Month LIBOR        587.92       11/1/28     Single Family      Owner occupied            75000    360
704342     10.05        6   6 Month LIBOR        528.76       11/1/28     Manufactured       Owner occupied            75400    360
704352     10.55    6.675   6 Month LIBOR        759.23       11/1/28     Single Family      Owner occupied            97250    360
704381     10.99        6   6 Month LIBOR       1415.46       11/1/28     Single Family      Owner occupied           175000    360
704411      10.6      6.6   6 Month LIBOR        650.63       11/1/28     Single Family      Owner occupied            83000    360
781032      11.1     7.05   6 Month LIBOR       1199.86        5/1/28     Single Family      Owner occupied           170000    360
781623      10.5      6.8   6 Month LIBOR        596.87        7/1/28     Single Family      Owner occupied            87000    360
781716     11.25    7.775   6 Month LIBOR        917.84       6/17/28     Single Family      Owner occupied           105000    360
782139      11.4    7.925   6 Month LIBOR       1277.47        9/1/28     Single Family      Owner occupied           154000    360
782378     10.65    6.775   6 Month LIBOR       1350.07        9/1/28     Single Family      Owner occupied           164000    360
782535      10.1    5.875   1 Year Treasury      915.18       8/12/28     Single Family      Owner occupied           122000    360
782633     11.65    7.275   1 Year Treasury     1741.94       10/1/28     Single Family      Owner occupied           205000    360
782640        10    6.875   1 Year Treasury     1386.17        9/1/28     Single Family      Owner occupied           176000    360
782733      11.5      7.5   6 Month LIBOR        462.96       8/24/28     Single Family      Owner occupied            55000    360
782860      10.2      6.2   6 Month LIBOR        474.08       10/1/28     Multiple Family    Owner occupied            62500    360
782954    11.475    6.475   6 Month LIBOR         633.8        5/1/28     Manufactured       Owner occupied            85500    360
783211     10.05    6.175   6 Month LIBOR        837.21       11/1/28     Single Family      Owner occupied           114000    360
783212      10.7      6.7   6 Month LIBOR         608.5       11/1/28     Single Family      Owner occupied            77000    360
783222      12.7     7.55   6 Month LIBOR        430.41       11/1/28     Single Family      Owner occupied            53000    360
783235     10.15    5.875   6 Month LIBOR       1329.46       11/1/28     Single Family      Owner occupied           176000    360
783262     11.35    6.675   6 Month LIBOR         872.8       10/1/28     Single Family      Owner occupied           105000    360
783424      10.7     6.25   6 Month LIBOR        972.03       11/1/28     Single Family      Owner occupied           123000    360
783457     10.35      6.3   6 Month LIBOR        451.77       11/1/28     Single Family      Owner occupied            62500    360
783512     11.25    7.775   6 Month LIBOR        812.95       10/1/28     Single Family      Owner occupied            93000    360
783686     11.05    7.175   6 Month LIBOR        774.44       11/1/28     Single Family      Owner occupied            90000    360
783691     10.45      6.8   6 Month LIBOR         546.6       11/1/28     Single Family      Owner occupied            75000    360
783779      9.79    5.925   6 Month LIBOR        393.11       12/1/28     Single Family      Owner occupied            57000    360
783834       9.9    6.125   6 Month LIBOR        730.96       12/1/28     Multiple Family    Owner occupied            96000    360

                                      I-B-1

(table continued)
Loan     Borr Name             Address                        City              Zip       State   Lien   LTV            Curr Bal
No                                                                              Code              Posi-
                                                                                                  tion

783999   LEE                    2130  HOME AVENUE             FLINT             48504     MI      1      74.65013208     39543.15
801021   MCFADDEN                212  WHITE PALM CT           FLORENCE          29506     SC      1      92.39804016    114940.72
801775   PLESS                 HC 65  BOX 505                 CLOUDLAND         30731-    GA      1      68.21976364     37520.87
803446   ROSANIA                3603  OCITA DRIVE             ORLANDO           32837-    FL      1      68.61387647    116643.59
803459   DANKO                 10153  SOUTH WOODROSE COURT    HIGHLANDS RANCH   80126     CO      1       88.3487551    140872.09
806632   PEAUGH                   19  N 18TH AVENUE           BEECH GROVE       46107     IN      1               85        68850
806772   THOMPSON               8820  SOUTH 280 EAST          SANDY             84070     UT      1      81.58403261     75057.31
807359   PARKER                 1141  LOCH LOMAND CIRCLE      WATKINSVILLE,     30677     GA      1      88.89832824    116456.81
807405   SULLIVAN               1861  REMINGTON ROAD          ATLANTA           30341     GA      1      79.41949697    131042.17
807689   WOOD                   3065  PINE MOUNTAIN CIRCLE    KENNESAW          30152     GA      1       79.2756368    495472.73
807806   WATERS                  803  WILKERSON ST            HUNTINGTON        46750     IN      1      89.51304895     64001.83
807869   GARRETT                7401  HASSOCK DR              LOUISVILLE        40258     KY      1      89.80547234    105521.43
808141   DAVIS                  2104  BRUMMEL STREET          EVANSTON          60202     IL      1      58.21235862      84329.8
808142   TRIPLETT               2591  SNEAKWOOD LN            NEW MELLE         63348     MO      1      89.85766071    150960.87
808322   WILSON                 7035  N 300 E                 FREMONT           46737-    IN      1       83.5564125     66845.13
808333   DELLER                  305  W DOW ST                TIPP CITY         45371     OH      1      89.09179333    133637.69
808399   TIMBERLAKE             4083  LONGPOINT BLVD          PORTSMOUTH        23703-    VA      1      79.50246027    135074.68
808408   SMITH-ANDOH             197  THORNHURST              BOLINGBROOK       60440     IL      1      69.55744371    105031.74
808755   JONES                   556  ST JOHNS AVE S W        ATLANTA           30315     GA      1      89.71343333     53828.06
808964   PRYER                   922  E SPARROW RD            VIRGINIA BEACH    23464-    VA      1      88.99258779    349740.87
809025   MARLOWE                5615  S OAKLEY AVE            CHICAGO           60636     IL      1         72.14208    144284.16
809209   MCKAY                    12  ELTON PL                BOYNTON BEACH     33462     FL      1      84.96664286     95162.64
809316   WOODS                   804  N TENNESSEE ST          CARTERSVILLE      30120     GA      1      89.49487838     66226.21
809318   LANGE                   607  MAIN ST                 LORIMOR           50149     IA      1      62.90719512     25791.95
809322   ROSE ROSE\WAGNE         513  N JACKSON               BELLEVILLE        62220     IL      1      80.64666225     60888.23
809323   HALL                   6121  GARRETT LN              ROCKFORD          61107     IL      1      69.11220536     77405.67
809400   CAMPBELL                517  S HAMPTON AVE           COLUMBUS          43205     OH      1          72.4192      36209.6
809500   BRIGHT                 4601  MASON DALE WAY          RICHMOND          23234-    VA      1               90        88200
809505   SPERRY                  126  LELAND AVE              SANTA ROSA        95405     CA      1      79.51653419    186068.69
809569   BROWN                  3481  GLEN ALLEN DR           CLEVELAND         44121     OH      1      84.59713793     98091.38
809720   STUBBS                  616  STUBBS AVE              BENNETTSVILLE     29512     SC      1      89.28924138     51787.76
809730   GORDON                  532  TAYLOR ST               CRAIG             81625-    CO      1      77.82491304     71598.92
809747   MARKS                  1127  E 140TH ST              CLEVELAND         44110     OH      1      79.19813333     47495.55
809841   SCHAFER                5075  GOLDEN NUGGET WAY       AGOURA            91301     CA      1        84.630125    412289.57
809893   HOLLAND                 812  18TH AVE W              PALMETTO          34221     FL      1      79.59873134     53331.15
809938   GORDON                 4301  NW32 AVE                LAUDERDALE LAKES  33309-    FL      1      89.63784211     85155.95
810034   HALL                   9255  BALD KNOB RD            NEW VIENNA        45159     OH      1      87.12206024     72274.23
810080   WEAVER                 9842  N MANILLA CIR           PLEASANT GROVE    84062     UT      1      84.53866957    194216.97
810094   BUSH                  10540  S COLUMBINE WAY         SANDY             84094     UT      1      84.50643333    126689.16
810125   OHL                    2618  W MOSS AVE              PEORIA            61604     IL      1      89.66284091     78840.98
810139   CONKLIN                 435  62ND AVE S              SAINT PETERSBURG  33705     FL      1      89.53852308      58171.4
810149   BENNETT                 404  NORTH MILTON AVENUE     SPRINGFIELD       62702     IL      1      89.16652459      54334.2
810157   LAVAGNA                  75  WILLMORE RD             SAINT LOUIS       63109-    MO      1      84.44227586     122441.3
810185   TIEDE                  7912  SUTTON RD               BRITTON           49229     MI      1      74.75129412     69892.46
810208   RUTLEDGE               5410  KRISTEN AVE             BOSSIER CITY      71112     LA      1      89.60771579     85048.92
810299   WILLIAMS              12725  DEWEY ST                CEDAR LAKE        46303     IN      1      89.75874194     83422.98
810312   MCCAIN                 1104  MOUNTAIN VIEW DR        MARIETTA          30062-    GA      1      89.66551402      95942.1

                                     I-B-2

(table continued)
Loan       APR     Margin    Index Name        Curr Pmt   Maturity Dt    Property Type      Occ Status               Appr      Orig
No                                                                                                                    Val       Ter

783999       9.4    7.025   1 Year Treasury      331.34       12/1/28     Single Family      Owner occupied            53000    360
801021        12    6.375   6 Month LIBOR       1197.54        9/1/11     Single Family      Owner occupied           125000    180
801775     13.23    8.625   6 Month LIBOR        432.82       1/13/12     SINGLE FAMILY      Owner occupied            55000    180
803446      8.13     2.75   1 Year Treasury      883.99       6/30/12     Single Family      Owner occupied           170000    180
803459        11    6.125   6 Month LIBOR       1354.52        7/1/27     Single Family      Owner occupied           160000    360
806632      11.7      7.1   6 Month LIBOR        692.34        3/5/13     Single Family      Owner occupied            81000    180
806772      8.65     5.75   6 Month LIBOR        592.48       3/17/13     Single Family      Owner occupied            92000    180
807359     10.55      7.5   6 Month LIBOR       1074.63       4/22/28     Single Family      Owner occupied           131000    360
807405        10    5.125   1 Year Treasury     1155.25       4/27/28     Single Family      Owner occupied           165000    360
807689       8.5     4.75   6 Month LIBOR       3844.57       5/11/28     Single Family      Owner occupied           625000    360
807806     10.25     6.65   6 Month LIBOR        576.64       5/20/28     Single Family      Owner occupied            71500    360
807869     11.25     7.15   6 Month LIBOR       1027.11       5/19/28     Single Family      Owner occupied           117500    360
808141         7     4.75   6 Month LIBOR         570.5        6/4/28     Single Family      Owner occupied           145000    360
808142     10.85      6.7   6 Month LIBOR       1422.81        6/5/13     Single Family      Owner occupied           168000    180
808322       9.5     6.15   6 Month LIBOR        565.05       6/23/28     Single Family      Owner occupied            80000    360
808333        11     6.65   6 Month LIBOR       1285.64       6/23/28     Single Family      Owner occupied           150000    360
808399      9.25      6.9   6 Month LIBOR       1118.18       6/23/28     Single Family      Owner occupied           169900    360
808408      8.25     4.65   6 Month LIBOR        794.09       6/29/28     Single Family      Owner occupied           151000    360
808755     10.25      7.5   6 Month LIBOR        483.89       7/20/28     Single Family      Owner occupied            60000    360
808964        10      6.4   6 Month LIBOR       3093.44       7/28/28     Single Family      Owner occupied           393000    360
809025     10.25        8   6 Month LIBOR       1344.15       7/31/28     Multiple Family    Not Owner                200000    360
                                                                                             occupied
809209     11.25     7.75   6 Month LIBOR        924.64       8/13/28     Single Family      Owner occupied           112000    360
809316     10.25      7.9   6 Month LIBOR         596.8       8/20/28     Single Family      Owner occupied            74000    360
809318      8.35      6.5   6 Month LIBOR        197.17       8/25/28     Single Family      Owner occupied            41000    360
809322     12.49      8.9   6 Month LIBOR        652.69       8/12/28     Single Family      Owner occupied            75500    360
809323      8.65        6   6 Month LIBOR         639.3       8/19/28     Condominium        Owner occupied           112000    360
809400      10.5      7.2   6 Month LIBOR        333.88       8/26/28     Single Family      Not Owner                 50000    360
                                                                                             occupied
809500     11.25      8.5   6 Month LIBOR        856.65        9/1/28     Single Family      Owner occupied            98000    360
809505      8.35     7.45   6 Month LIBOR       1419.55       8/30/28     Multiple Family    Owner occupied           234000    360
809569     10.75      8.5   6 Month LIBOR        920.41       9/10/28     Single Family      Not Owner                116000    360
                                                                                             occupied
809720     11.95     9.65   6 Month LIBOR        534.93       9/28/28     Single Family      Owner occupied            58000    360
809730      9.99      8.5   6 Month LIBOR        631.32       9/25/28     SINGLE FAMILY      Owner occupied            92000    360
809747     10.49     8.75   6 Month LIBOR        438.72      10/19/28     Single Family      Not Owner                 60000    360
                                                                                             occupied
809841      9.15     7.75   6 Month LIBOR       3382.45       11/4/28     Single Family      Owner occupied           488000    360
809893     10.49      8.5   6 Month LIBOR         489.9       10/1/28     Single Family      Not Owner                 67000    360
                                                                                             occupied
809938      11.1     8.65   6 Month LIBOR         820.7      10/23/28     Single Family      Owner occupied            95000    360
810034      9.75        8   6 Month LIBOR        624.61      10/20/28     Single Family      Owner occupied            83000    360
810080       9.2     8.25   6 Month LIBOR       1601.26      10/27/28     Single Family      Owner occupied           230000    360
810094      9.35     8.25   6 Month LIBOR       1058.16      10/20/28     Single Family      Owner occupied           150000    360
810125     10.99      8.5   6 Month LIBOR        753.64      10/23/28     Single Family      Owner occupied            88000    360
810139      9.95     7.75   6 Month LIBOR        511.22      10/23/28     Single Family      Owner occupied            65000    360
810149      9.99      8.5   6 Month LIBOR        481.38      10/28/28     Single Family      Owner occupied            61000    360
810157        11        8   6 Month LIBOR       1173.74      10/26/28     Single Family      Owner occupied           145000    360
810185     11.99     8.75   6 Month LIBOR        720.77       11/2/28     Single Family      Owner occupied            93500    360
810208     10.25      8.5   6 Month LIBOR        766.17      10/29/28     Single Family      Owner occupied            98000    360
810299        12      9.5   6 Month LIBOR        860.95       11/6/28     Single Family      Owner occupied            93000    360
810312        11     8.75   6 Month LIBOR        917.09      11/16/28     Single Family      Owner occupied           107000    360

                                      I-B-2

(table continued)
Loan     Borr Name             Address                        City              Zip       State   Lien   LTV            Curr Bal
No                                                                              Code              Posi-
                                                                                                  tion

810321   GADDIE                  705  FRANCIS CT              SPRING LAKE       28390-    NC      1      89.56626667      67174.7
810353   SCHWAB                 6689  PIN OAK CT              MASON             45040     OH      1        89.628688    111982.12
810360   HENDLEY                 604  E EPWORTH               CINCINNATI        45232     OH      1      89.42085507     61673.43
810361   PELAYO                 1760  W DERRINGER WAY         CHANDLER          85248     AZ      1      89.67665517    129976.79
810390   SWACKHAMMER             351  E CHERRY ST             SUNBURY           43074     OH      1      55.75796262     59625.71
810401   MILLER                  169  CLAY LICK RD            SALVISA           40372-    KY      1      89.66074627      60072.7
810419   KNIGHT                 8693  FOUR MILE RD            EAST LEROY        49051     MI      1      69.76645517    101121.99
810423   EVANS                  1033  E 74TH ST               CLEVELAND         44106     OH      1      89.77458993     62352.23
810430   TEMPLE TEMPLE\M        4305  MIDDLE LAKE DR          TAMPA             33624     FL      1      84.68514545    139730.49
810438   CRANK                  1765  DOE CREEK RD            IRVINE            40336     KY      1          89.6287     71668.57
810443   RONDINELLI ROND       11590  MILWAUKEE ST            THORNTON          80233     CO      1      89.54073125    143187.07
810445   LOYOLA                 1701  THOMAS DR               CLEARWATER        33769     FL      1      89.58877632     68051.36
810453   WEHRLI                 2209  SHEARWATER CT           FORT WAYNE        46825     IN      1      84.68959615      88035.3
810456   DUENAS                 8611  NW 24TH ST              SUNRISE           33322     FL      1      89.71425781    114725.78
810460   LANG                    510  HAVERHILL LANE          SAFETY HARBOR     34695     FL      1      82.66604375    132194.77
810461   HEADLEY                1024  COTTAGE CREEK DR        GARDNER           66030     KS      1      89.67065566    117343.02
810462   SHEFFIELD ANDERSON     3634  LYDIA ESTATES TERR.     JACKSONVILLE      32218     FL      1      89.67163834    123906.11
810463   DUCKWORTH              3122  ASHWOOD RD              CLEVELAND         44120     OH      1      84.79237908    129677.77
810465   EXLEY                  3140  E OVERLAND RD           MERIDIAN          83642     ID      1      79.01454661    186290.55
811047   STEVENS                   2  JAYMOORE DR             HAMPTON           23669     VA      1      84.64891726     82781.96
811164   WOMACK                 1006  NATHANIEL RD            CLEVELAND         44110     OH      1      89.64847761     60009.65
811166   LOWRY                   755  WEST 740 SOUTH          TOOELE            84074     UT      1      89.51683571    125181.94
811323   ROUSE                   340  WRIGHT RD               WALTON            41094-    KY      1      89.73095556     80757.86
811466   KING                         RT 3 BOX 5010\MAIN ST   DILLWYN           23936     VA      1         89.66656     78390.24
811511   JERDINE                3611  E 81ST ST               CLEVELAND         44105     OH      1      79.78491667     76571.67
811535   HOLLAND                6540  DARTMOUTH AVE N         ST PETERSBURG     33710     FL      1      89.61771667     53744.09
811596   SLAYBAUGH               625  FORAKER ST              SIDNEY            45365     OH      1      84.72073034     75369.15
811670   THATCHER               3840  GLADMAN WAY             LEXINGTON         40514     KY      1      89.68197938    130433.84
811689   FREDERICK              1568  W 16TH ST               JACKSONVILLE      32209     FL      1      89.61047458     52848.13
811880   HEAD                   5901  NEW CUT RD              CRESTWOOD         40014     KY      1      84.61159174    184256.81
811912   HENNING                 338  JACKSON ST              FREMONT           43420     OH      1      84.63775472     44841.48
811966   CANADY                  513  PARK AVENUE             FARMVILLE         23901     VA      1      77.72263265      76129.8
811971   CASEY                   157  BURRITT ST              SOUTHINGTON       6479      CT      1      89.60776193    163354.95
812265   THOMAS                 3133  BEAMON CT               NORFOLK           23513     VA      1      84.69989418     80004.59
812390   WINGERT                 615  PARK AVE                MACKAY            83251     ID      1          79.3894     63692.03
812420   PHILSON                1004  COPELAND RD             MONTGOMERY        49255     MI      1      79.75081667     47811.42
812594   MACKEY                10921  S MILLARD               CHICAGO           60655     IL      1      72.44313636    111511.73
812595   HOSEY                   228  NEEDMORE HWY            CHARLOTTE         48813     MI      1        71.687656     89518.88
812694   HINES                  3654  VENUS PL N W            ATLANTA           30331     GA      1      74.75030303      49296.7
812771   WILLIAMS               5022  COTTAGE LN              MEMPHIS           38125     TN      1       89.6980087    103107.59
812800   SMELTZ                 2275  KENT DR                 LARGO             33774     FL      1      89.60957091    246176.92
812872   HUTSELL                1947  BELMONT PL              INDEPENDENCE      64057     MO      1      84.69033981     87151.83
812923   BOWERS                 4112  CHAPEL MILL BEND        DECATUR           30034     GA      1      89.76678049    110364.17
813195   SMITH                   690  FINNELL PIKE            GEORGETOWN        40324     KY      1      89.62717647      76183.1
813204   YOUNG                  1137  E 167TH ST              CLEVELAND         44110     OH      1      84.67493976     70248.92
813225   MILLER                 8251  SW 3RD CT               NORTH LAUDERDALE  33068     FL      1      89.63822464    123587.57
813325   KILGORE                 704  SPRING VALLEY DR        INDIANAPOLIS      46231     IN      1      89.68264894     84232.33
813328   BUGGS                  1643  N MENARD AVE            CHICAGO           60639     IL      1       89.6294875     71669.27
813392   LARSON                 2228  LARKMOOR ST             LORAIN            44052     OH      1      83.10373043     95467.63
813414   HAMMOND                8029  NW 28TH PL              SUNRISE           33322     FL      1         89.62871     89585.72

                                     I-B-3

(table continued)
Loan       APR     Margin    Index Name        Curr Pmt   Maturity Dt    Property Type      Occ Status               Appr      Orig
No                                                                                                                    Val       Ter

810321     10.25     8.25   6 Month LIBOR        604.87      11/10/28     Single Family      Owner occupied            75000    360
810353      9.99      8.5   6 Month LIBOR        986.44       12/1/28     Single Family      Owner occupied           125000    360
810360     10.75        8   6 Month LIBOR        579.69      11/20/28     Single Family      Owner occupied            69000    360
810361     10.65      8.4   6 Month LIBOR       1208.39       12/1/28     Single Family      Owner occupied           145000    360
810390         9     7.75   6 Month LIBOR        482.77      11/21/28     Single Family      Owner occupied           107000    360
810401        11        9   6 Month LIBOR        574.25      11/30/28     Single Family      Owner occupied            67000    360
810419     10.99     8.95   6 Month LIBOR        965.84       12/4/28     Single Family      Owner occupied           145000    360
810423     11.75        9   6 Month LIBOR        631.39      12/31/28     Single Family      Owner occupied            69500    360
810430      10.5     8.75   6 Month LIBOR       1282.92        1/1/29     Single Family      Owner occupied           165000    360
810438      9.99        8   6 Month LIBOR        631.32      12/10/28     Single Family      Owner occupied            80000    360
810443       9.4        8   6 Month LIBOR       1200.34      12/21/28     Single Family      Owner occupied           160000    360
810445       9.5     7.75   6 Month LIBOR        575.14      12/18/28     Single Family      Owner occupied            76000    360
810453      9.99        8   6 Month LIBOR        775.12       1/20/29     Single Family      Owner occupied           104000    360
810456        10     7.75   6 Month LIBOR       1010.96       1/28/29     Single Family      Owner occupied           128000    360
810460       9.4     8.25   6 Month LIBOR       1106.98        2/1/29     Single Family      Owner occupied           160000    360
810461        10        8   6 Month LIBOR       1033.55       2/12/29     Single Family      Owner occupied           143000    360
810462      9.49      8.5   6 Month LIBOR       1045.33       2/24/29     Single Family      Owner occupied           148000    360
810463     10.49        8   6 Month LIBOR       1188.65        3/4/29     Single Family      Owner occupied           153000    360
810465      9.75      7.5   6 Month LIBOR       1606.62       3/22/29     Single Family      Owner occupied           236000    360
811047       9.4     7.75   6 Month LIBOR        693.65      12/31/28     Single Family      Owner occupied           101000    360
811164     10.25      8.5   6 Month LIBOR        540.35      11/30/28     Single Family      Not Owner                 70000    360
                                                                                             occupied
811166      9.25     8.25   6 Month LIBOR       1036.58      10/30/28     Single Family      Owner occupied           140000    360
811323      11.5      8.5   6 Month LIBOR        802.14       12/7/28     Single Family      Owner occupied            90000    360
811466      10.5     7.75   6 Month LIBOR        720.36      11/30/28     Single Family      Owner occupied            95000    360
811511     12.49      9.5   6 Month LIBOR        819.06       11/5/28     Multiple Family    Not Owner                 96000    360
                                                                                             occupied
811535      9.85     7.75   6 Month LIBOR        467.91      12/14/28     Single Family      Owner occupied            60000    360
811596     10.49        8   6 Month LIBOR        691.43        1/4/29     Single Family      Owner occupied            89000    360
811670     10.75        8   6 Month LIBOR       1222.39       12/4/28     Single Family      Owner occupied           145500    360
811689     10.75        8   6 Month LIBOR        495.68      11/17/28     Single Family      Owner occupied            59000    360
811880       9.5     8.25   6 Month LIBOR        1558.1      11/30/28     Single Family      Owner occupied           218000    360
811912     11.25      8.5   6 Month LIBOR        437.07      12/18/28     Single Family      Owner occupied            53000    360
811966      9.75        8   6 Month LIBOR        657.25      12/18/28     Single Family      Owner occupied            98000    360
811971     10.25        8   6 Month LIBOR       1470.23       12/1/28     Single Family      Owner occupied           182300    360
812265     10.15      7.5   6 Month LIBOR        713.83       1/19/29     Single Family      Owner occupied            95500    360
812390      9.25      7.5   6 Month LIBOR        526.51       1/11/29     Single Family      Owner occupied            80000    360
812420     10.74     7.75   6 Month LIBOR        447.71       12/7/28     Single Family      Owner occupied            60000    360
812594     10.25        8   6 Month LIBOR       1003.63      12/21/28     Single Family      Owner occupied           154000    360
812595      9.75        8   6 Month LIBOR        773.24      11/30/28     Single Family      Owner occupied           125000    360
812694        11     8.75   6 Month LIBOR         471.4      11/25/28     Single Family      Not Owner                 66000    360
                                                                                             occupied
812771     10.39      8.5   6 Month LIBOR        938.25        1/5/29     Single Family      Owner occupied           115000    360
812800      9.75     8.25   6 Month LIBOR       2126.41      11/30/28     Single Family      Owner occupied           275000    360
812872     10.25      8.5   6 Month LIBOR        784.54      12/23/28     Single Family      Owner occupied           103000    360
812923     10.24     8.25   6 Month LIBOR        991.16       3/12/29     Single Family      Owner occupied           123000    360
813195     10.49      8.5   6 Month LIBOR         699.2       12/4/28     Single Family      Owner occupied            85000    360
813204     10.35     8.25   6 Month LIBOR        637.45      12/16/28     Single Family      Owner occupied            83000    360
813225     10.25        8   6 Month LIBOR       1112.96      12/22/28     Single Family      Owner occupied           138000    360
813325     10.75        8   6 Month LIBOR        789.73      11/30/28     Single Family      Owner occupied            94000    360
813328        10     7.75   6 Month LIBOR        631.85      12/31/28     Single Family      Owner occupied            80000    360
813392       9.5     8.25   6 Month LIBOR        807.22      12/28/28     Single Family      Owner occupied           115000    360
813414      9.99        8   6 Month LIBOR        789.15      12/21/28     Single Family      Owner occupied           100000    360

                                      I-B-3

(table continued)
Loan     Borr Name             Address                        City              Zip       State   Lien   LTV            Curr Bal
No                                                                              Code              Posi-
                                                                                                  tion

813542   ALLEN                   799  HEYL AVE                COLUMBUS          43206     OH      1         79.76755     63828.06
813637   GONZALES               2990  INGALLS ST              DENVER            80214     CO      1       79.6627415       117047
813844   STEWART                 205  NORTHBROOK DR           NICHOLASVILLE     40356     KY      1      84.59093077    109844.96
814114   FRENCH                 1574  YOUNCE ST               FRANKLIN          46131     IN      1      79.77147436     62129.33
814160   STRAIT                 1213  LONGWOOD AVE            PUEBLO            81004     CO      1      71.79152273     63135.23
814199   ADAMS                   104  THIRD ST                PAINTSVILLE       41240     KY      1      88.77448428    141091.55
814266   DORAN                  6135  W 97TH STREET           OAK LAWN          60453     IL      1      89.30762411    125799.16
814272   DAVIS                   299  WARREN ST               ATLANTA           30317     GA      1      89.73467692     58276.33
814285   JACKSON                1036  RALSTON ROAD            SHERWOOD          49087     MI      1      74.74968421     70984.56
814295   ELLIS                  2269  BATES RD                MOUNT MORRIS      48458     MI      1      82.82961039     31860.55
814309   MCPHERSON              8685  SW 154TH CIR PL UNIT 2-IMIAMI             33193     FL      1      84.76914433     82109.85
814323   BATTLE                 5439  LEE RD                  MAPLE HEIGHTS     44137     OH      1         74.72617     74654.82
814364   GOVE                    283  W 400 N                 BOUNTIFUL         84010     UT      1      89.60681757    132467.62
814409   GROJEAN KING           1910  PIMA DRIVE              COLORADO SPRINGS  80915     CO      1      40.77161379     59077.15
814428   WOJCIK                 1623  DELMONTE CT             VENICE            34293     FL      1      89.60961429    125390.24
814451   WHITMER                 202  E MAIN ST               NEW LONDON        44851     OH      1      89.70429808      93252.5
814517   NOTO                   1621  CLAYTON AVE             LEXINGTON         40505     KY      1      79.69916564     64890.98
814525   BRANHAM\ROWE           7544  N PISGAH DR             WEST CHESTER      45069     OH      1      89.67137398    110243.35
814586   SKLAR                 38861  ALCOY RD                STERLING HEIGHTS  48310     MI      1      84.68891971    115968.65
814594   SADEK                  5507  -5509 TARNOW            DETROIT           48228     MI      1      89.96416667     70143.85
814741   NEIL                   4966  S HEATH AVE             SALT LAKE CITY    84118     UT      1        81.650875     91411.27
814806   PINEGAR                2740  FOREST DR               DES MOINES        50312     IA      1      89.60955372    108372.91
814808   EARLEY                  548  DELAND ROAD             FLUSHING          48433     MI      1      71.78284091     63118.93
814825   PITTS                  1696  E ENSIGN CIR            SALT LAKE CITY    84121     UT      1       49.2998619    103475.36
814828   NEWTON                  911  STUDER AVE              COLUMBUS          43206     OH      1      69.73687248     51931.48
814835   TAYLOR                  172  W PUTNAM FERRY RD       WOODSTOCK         30189     GA      1        84.611575    101480.03
814839   MILLER                18883  STATE RT 81             VENEDOCIA         45894     OH      1      74.74434746     88094.76
814992   SILVER                 1417  S HARDY                 INDEPENDENCE      64052     MO      1      79.19611215        42379
814996   PUGSLEY                 502  MAGNA CARTA WAY         TAMPA             33613     FL      1      79.03342045     69520.27
815011   CASTONGIA             17102  MOUNT ST                LOWELL            46356     IN      1      55.32841975      89584.4
815016   BOYE                   1900  SW47TH ST               CAPE CORAL        33904     FL      1      74.45713333     55808.15
815048   TRUNCK MELVIN          3840  E EASTER PL             LITTLETON         80122     CO      1      89.66508293    183634.61
815084   MCWILLIAMS             6454  S LEE CT                LITTLETON         80127     CO      1      84.09563399    128597.24
815119   TERRANA                3775  HAINES RD               IDA TOWNSHIP      48140     MI      1      79.70785641    155356.42
815131   JACKSON                3529  ELIZABETH ST            DENVER            80205     CO      1      69.64870707     68907.36
815148   MCINTOSH               4848  W 928 N                 LAKE VILLAGE      46349     IN      1      89.71358654     93258.15
815156   ALTEUS                 6450  NW 55TH MANOR           CORAL SPINGS      33067     FL      1      89.72212658    141709.84
815177   WATKINS                1114  E SECOND ST             PORT CLINTON      43452     OH      1      84.77957895     48305.75
815186   TERRY                  1216  BORDEN                  FLORISSANT        63031     MO      1      84.68952316     62132.61
815195   CRAWFORD                603  TILTON CT               RICHMOND          23224     VA      1       89.8623662     63726.67
815197   JONES                  3930  NW 34TH WAY             LAUDERDALE LAKES  33309     FL      1      84.72956522     97346.78
815224   COLLINS                9049  UNIONVILLE RD           UNIONVILLE CENTER 43077     OH      1       84.7711913     97373.81
815239   NOSCROY                7021  WOLFF ST                WESTMINSTER       80030     CO      1      89.57789781    122661.22
815256   HYATT                   103  COLLEGE AVENUE          MILLERSBURG       40348     KY      1      89.19854118     75780.86
815257   PATTERSON              5574  COUNTY FARM             SAINT JOHNS       48879     MI      1      89.69862166     159439.3
815266   BOGAN                  7130  N NAVAJO AVE            GLENDALE          53217     WI      1      64.65688136     76242.94
815268   LABA                    104  BROOKWOOD DR            WILMORE           40390     KY      1      89.54537079    119476.11
815270   LETT                  20205  SUMPTER RD              WARRENSVILLE HEIGH44128     OH      1      89.73201613     55612.22
815293   GROVES                14710  W 128TH ST              OLATHE            66062     KS      1      89.76405614    255627.49
815321   WILLIAMS                 27  -29 SCHUYLER TERR       EAST ORANGE       7017      NJ      1      79.81583704    107714.49
815423   LAKE                    874  LOIS CT                 HARTFORD          53027     WI      1      74.67511966     87257.79

                                     I-B-4

(table continued)

Loan       APR     Margin    Index Name        Curr Pmt   Maturity Dt    Property Type      Occ Status               Appr      Orig
No                                                                                                                    Val       Ter

813542     11.99     8.75   6 Month LIBOR        657.82       1/15/29     Single Family      Owner occupied            80000    360
813637       9.9      8.5   6 Month LIBOR       1023.34       12/9/28     Single Family      Owner occupied           147000    360
813844      9.25      7.5   6 Month LIBOR        909.06      11/30/28     Single Family      Owner occupied           130000    360
814114      9.75     7.25   6 Month LIBOR        536.11       1/26/29     Single Family      Owner occupied            78000    360
814160       8.4     7.25   6 Month LIBOR        483.77       1/20/29     Single Family      Owner occupied            88000    360
814199     10.45        9   6 Month LIBOR       1289.07        3/9/29     Single Family      Owner occupied           159000    360
814266      9.89        8   6 Month LIBOR       1099.86      12/18/28     Single Family      Owner occupied           141000    360
814272     10.35      7.5   6 Month LIBOR        528.57        1/8/29     Single Family      Owner occupied            67000    360
814285     10.99      8.9   6 Month LIBOR        677.99      12/21/28     Single Family      Owner occupied            95000    360
814295     10.25     7.75   6 Month LIBOR        286.75      12/22/28     Single Family      Owner occupied            38500    360
814309      9.99      8.5   6 Month LIBOR        722.95       1/27/29     Condominium        Owner occupied            97000    360
814323      9.99     8.25   6 Month LIBOR        657.62      12/29/28     Single Family      Not Owner                110000    360
                                                                                             occupied
814364      9.15        8   6 Month LIBOR       1086.16      12/28/28     Single Family      Owner occupied           148000    360
814409       8.1     7.45   6 Month LIBOR        440.74      12/21/28     Single Family      Owner occupied           145000    360
814428      9.75        8   6 Month LIBOR       1082.53      12/18/28     Single Family      Owner occupied           140000    360
814451     10.49     8.25   6 Month LIBOR         855.5        1/5/29     Single Family      Owner occupied           104000    360
814517      9.85      7.5   6 Month LIBOR        564.96      12/23/28     Single Family      Owner occupied            81500    360
814525      9.99        8   6 Month LIBOR        970.65        1/4/29     Single Family      Owner occupied           123000    360
814586      9.99        8   6 Month LIBOR       1021.07        1/6/29     Single Family      Owner occupied           137000    360
814594     10.49     7.75   6 Month LIBOR        641.62       8/13/29     Multiple Family    Owner occupied            78000    360
814741     10.75     8.75   6 Month LIBOR        856.94      12/14/28     Single Family      Owner occupied           112000    360
814806      9.75     7.75   6 Month LIBOR        935.62      12/18/28     Single Family      Owner occupied           124000    360
814808     10.89     8.25   6 Month LIBOR        598.13      12/21/28     Single Family      Owner occupied            88000    360
814825      9.55     7.25   6 Month LIBOR        878.28      12/23/28     Single Family      Owner occupied           210000    360
814828     10.49     7.75   6 Month LIBOR        476.65        1/4/29     Single Family      Owner occupied            74500    360
814835       9.5        8   6 Month LIBOR        857.67      12/30/28     Single Family      Owner occupied           120000    360
814839       8.9     7.25   6 Month LIBOR        705.73        2/2/29     Single Family      Owner occupied           118000    360
814992      9.75     7.75   6 Month LIBOR        367.72       1/25/29     Single Family      Owner occupied            53500    360
814996     10.99        9   6 Month LIBOR         666.1        1/8/29     Single Family      Owner occupied            90000    360
815011      9.45      7.5   6 Month LIBOR        753.49        1/8/29     Single Family      Owner occupied           162000    360
815016      8.85     7.25   6 Month LIBOR        446.54      12/23/28     Single Family      Owner occupied            88000    360
815048       9.9        8   6 Month LIBOR        1605.5      12/31/28     Single Family      Owner occupied           205000    360
815084       9.4        8   6 Month LIBOR       1076.97       1/11/29     Single Family      Owner occupied           153000    360
815119      9.99      8.5   6 Month LIBOR       1367.86       1/20/29     Single Family      Owner occupied           195000    360
815131      8.45     7.25   6 Month LIBOR         530.4       1/21/29     Single Family      Owner occupied            99000    360
815148      9.99        8   6 Month LIBOR        820.72        2/5/29     Single Family      Owner occupied           104000    360
815156     11.35      7.5   6 Month LIBOR       1391.94      12/30/28     Single Family      Owner occupied           158000    360
815177     10.95      7.5   6 Month LIBOR        459.57       2/26/29     Single Family      Owner occupied            62000    360
815186        10     7.75   6 Month LIBOR        547.52        1/7/29     Single Family      Owner occupied            77000    360
815195     10.74        8   6 Month LIBOR        596.01       3/29/29     Single Family      Owner occupied            71000    360
815197      9.99        8   6 Month LIBOR         857.1        1/5/29     Single Family      Owner occupied           115000    360
815224     10.99      8.5   6 Month LIBOR        930.16        1/8/29     Single Family      Owner occupied           115000    360
815239       9.9        8   6 Month LIBOR       1072.95        2/5/29     Single Family      Owner occupied           137000    360
815256     10.25        8   6 Month LIBOR        685.52        1/6/29     Single Family      Owner occupied            85000    360
815257      10.4      7.5   6 Month LIBOR       1451.41        2/3/29     Single Family      Owner occupied           177750    360
815266       8.2     6.95   6 Month LIBOR        573.53       1/12/29     Single Family      Owner occupied           118000    360
815268      9.25      8.5   6 Month LIBOR        988.44        1/6/29     Single Family      Owner occupied           133500    360
815270     10.95      7.5   6 Month LIBOR        529.29       1/27/29     Single Family      Owner occupied            63000    360
815293      10.9        8   6 Month LIBOR       2423.35       1/15/29     Single Family      Owner occupied           285000    360
815321      11.5     8.25   6 Month LIBOR       1069.51       2/10/29     Multiple Family    Not Owner                135000    360
                                                                                             occupied
815423       8.5     7.25   6 Month LIBOR        674.72       1/27/29     Single Family      Owner occupied           117000    360

                                      I-B-4

(table continued)

Loan     Borr Name             Address                        City              Zip       State   Lien   LTV            Curr Bal
No                                                                              Code              Posi-
                                                                                                  tion

815425   REDDINGTON              218  W N ST                  MORRISTOWN        46161     IN      1      74.79018919     55324.51
815494   CLEM                  12872  11 MILE RD              CERESCO           49033     MI      1      62.04232941    105406.39
815553   WAGNER                12707  141ST STREET EAST       PUYALLUP          98374     WA      1      79.71410833     95553.72
815559   WHITNEY                 822  NORTH "M" STREET        TACOMA            98403     WA      1      78.23106667    164074.45
815641   KALU                   4708  W 5TH ST                GREELEY           80634     CO      1      89.62044255    210492.62
815646   SANCHEZ                 667  SOUTHERN RD             BRONSON           49028     MI      1      88.42740129     48125.61
815673   APOLLO                11631  SHIMMERING LAKE DR      CHARLOTTE         28216     NC      1      89.73202671    302279.36
815677   REED                    311  N PARKSIDE AVE          CHICAGO           60644     IL      1      77.37990777    159181.64
815681   COVINGTON              2566  -2568 N 40TH ST         MILWAUKEE         53210     WI      1      84.70580357     47410.96
815693   EVANS                   506  154TH PL                CALUMET CITY      60419     IL      1      84.75516364     93151.16
815694   RAGLAND                 315  ADAMS ST                JACKSON           49202     MI      1      84.67342424     55856.53
815733   MASON                  1409  WINDERMERE DR           FINDLAY           45840     OH      1      79.79971034    115650.11
815742   COONEY                12728  214TH AVE E             SUMNER            98390     WA      1      74.61592105     85005.69
815763   GUINN                     2  EAST OAKS               FESTUS            63028     MO      1      84.67925958     59212.61
815767   SHAW                   2201  NE 4TH PL               CAPE CORAL        33909     FL      1      79.75865385        62147
815792   WARD III               2025  FEATHERBED LANE         BALTIMORE         21207     MD      1      84.74344375    135528.85
815892   TURNAGE                 133  FRONT ST                POTTS CAMP        38659     MS      1      79.79693443     48639.25
815914   KOTSOVOS                309  64TH AVE N              MYRTLE BEACH      29572     SC      1      74.75884167    179335.78
815920   BLOMDAHL               1705  S TAYLOR CIR            OLATHE            66062     KS      1      84.73008621     98240.67
815924   PATTON                 5908  W SUPERIOR              CHICAGO           60644     IL      1      67.14622981    108050.19
815927   CANTANZARO            19022  CLEVELAND AVE.          BELTON            64012     MO      1      53.00384545    116541.48
816012   GONZALES                859  S OSAGE ST              DENVER            80223     CO      1       79.6234434     84283.57
816102   CROSBY                 1430  WOODBERRY RD            CHARLOTTE         28212     NC      1      89.74090833    107582.83
816104   WHITE                  1910  16TH AVE EAST           BRADENTON         34208     FL      1       89.7368625     71758.37
816112   WARD                  24240  STATE ROUTE 18          DESHLER           43516     OH      1      89.72834921     56478.06
816148   DAVIS                   788  FURLONG DR              LEXINGTON         40504     KY      1      41.01663235     27877.22
816160   HALL                    700  S HUGHES ST             APEX              27502     NC      1       89.6988254      84723.4
816188   KLEIN                   630  N WHEELER STREET        GRIFFITH          46319     IN      1      68.32135398     77164.19
816215   ARGENTO                 367  CREEKVIEW DR            HOSCHTON          30548     GA      1      84.70243458    106759.53
816272   MOREAU                  957  MUELLER RD              ST. PAUL          63366     MO      1      71.09997273     78149.65
816276   HENDERSON              5603  LEXINGTON AVE           CLEVELAND         44103     OH      1      79.74477778     50218.39
816291   TE                     6756  28TH AVE S              SEATTLE           98108     WA      1      68.25714721    134388.09
816336   QUINNEY                6241  SIERRA CIR              ROCKFORD          37853     TN      1      89.72833333    118388.41
816346   DUNCAN                 3650  SALERNO RD              STUART            34997     FL      1       78.5621375     62797.83
816353   MEDINA                  507  GLADE CT                KISSIMMEE         34758     FL      1      79.73781111      71729.2
816369   TRUJILLO                321  N LANE                  AVONDALE          81022     CO      1      84.69084906     44862.01
816435   RILEY                    42  ALLEN ST                NEWARK            43055     OH      1      89.74078667     67245.28
816439   LETT                   3336  SPRINGSIDE CT           DECATUR           30034     GA      1      69.81812931     80952.82
816446   CHARLES               13932  STATE AVE               CHESTER           23836     VA      1      74.79694286     52336.82
816454   KIRKLEY                 211  JOHNSTON DR             DOUSMAN           53118     WI      1      79.74597143    111591.85
816473   LINSTED                6373  NICKEL PLATE AVE NE     LOUISVILLE        44641     OH      1        78.395975    188040.52
816481   LEACH                 59160  N MAIN                  NEW HAVEN         48048     MI      1         84.59032     63442.74
816483   HOOPER                 5444  CANADA SHORES           COLDWATER         49036     MI      1      74.85233871     46376.76
816510   SAADATKHAH               39  ROGERS CT               GOLDEN            80401     CO      1      79.53651148    242516.71
816522   HOAG                    111  E UNION ST              GREENVILLE        48838     MI      1      84.51952778        60785
816563   ROGERS                 1021  SCALES RD               SUWANEE           30024     GA      1      89.80256842    170429.48
816576   MORRISON              13975  ASBURY PARK             DETROIT           48227     MI      1      89.69880986    127309.21
816589   GIERER                   56  COUNTRY HILL ROAD       SAINT PETERS      63376     MO      1      84.71557609     77848.47
816591   BRANTLEY              11610  S YALE AVE              CHICAGO           60628     IL      1      79.77153731     53401.45
816600   MOONEY                  160  POPLAR                  MINNEOLA          67865     KS      1      79.50593939     65556.65
816610   SEXTON                  168  LOCUST GROVE RD         CARLISLE          40311-    KY      1      84.80735294     57622.93

                                     I-B-5

(table continued)

Loan       APR     Margin    Index Name        Curr Pmt   Maturity Dt    Property Type      Occ Status               Appr      Orig
No                                                                                                                    Val       Ter

815425     11.24     8.25   6 Month LIBOR        538.63       1/26/29     Single Family      Owner occupied            74000    360
815494      8.69      7.5   6 Month LIBOR        829.36       1/19/29     Single Family      Owner occupied           170000    360
815553      9.35      8.5   6 Month LIBOR        796.73        2/3/29     Single Family      Owner occupied           120000    360
815559       8.5     7.75   6 Month LIBOR       1268.71       1/21/29     Single Family      Owner occupied           210000    360
815641       9.3        8   6 Month LIBOR       1747.63        1/6/29     Single Family      Owner occupied           235000    360
815646      9.94        8   6 Month LIBOR        421.94        2/1/29     Single Family      Owner occupied            54450    360
815673     10.95      7.5   6 Month LIBOR       2876.94        1/5/29     Single Family      Owner occupied           337000    360
815677     10.19        9   6 Month LIBOR       1426.63       1/25/29     Single Family      Owner occupied           206000    360
815681      9.59      8.5   6 Month LIBOR        403.38        2/1/29     Single Family      Owner occupied            56000    360
815693     10.49        8   6 Month LIBOR        854.58        1/8/29     Single Family      Owner occupied           110000    360
815694      9.75      7.5   6 Month LIBOR        481.99       1/13/29     Single Family      Owner occupied            66000    360
815733      9.49        8   6 Month LIBOR        974.54       4/23/29     Single Family      Owner occupied           145000    360
815742      8.35     7.25   6 Month LIBOR        648.35       1/20/29     Single Family      Owner occupied           114000    360
815763      9.85     7.75   6 Month LIBOR        515.28       1/21/29     Single Family      Owner occupied            70000    360
815767      9.49      7.5   6 Month LIBOR        524.24       2/17/29     Single Family      Owner occupied            78000    360
815792     10.24      8.5   6 Month LIBOR       1217.69        2/3/29     Single Family      Owner occupied           160000    360
815892     11.05     5.75   6 Month LIBOR        466.58       1/27/29     Single Family      Owner occupied            61000    360
815914      9.94      8.4   6 Month LIBOR       1571.65        2/1/29     Single Family      Owner occupied           240000    360
815920        10     7.75   6 Month LIBOR        865.29       2/12/29     Single Family      Owner occupied           116000    360
815924       9.6     8.25   6 Month LIBOR        920.08        2/1/29     Single Family      Owner occupied           161000    360
815927      8.99     7.25   6 Month LIBOR        940.57        3/8/29     Single Family      Owner occupied           220000    360
816012       8.1      7.5   6 Month LIBOR        628.15       1/25/29     Single Family      Owner occupied           106000    360
816102      9.75        8   6 Month LIBOR        927.89       2/22/29     Single Family      Owner occupied           120000    360
816104     10.39      8.5   6 Month LIBOR         652.7        2/8/29     Single Family      Owner occupied            80000    360
816112     10.24        8   6 Month LIBOR        507.67       1/21/29     Single Family      Owner occupied            63000    360
816148       9.7     7.25   6 Month LIBOR        239.54       1/20/14     Single Family      Owner occupied            68000    180
816160      9.75        8   6 Month LIBOR        730.71       2/16/29     Single Family      Owner occupied            94500    360
816188       9.7      7.5   6 Month LIBOR           663        2/3/29     Single Family      Owner occupied           113000    360
816215        10     7.75   6 Month LIBOR        940.32        2/1/29     Single Family      Owner occupied           127000    360
816272       7.7     7.25   6 Month LIBOR        562.17        2/1/29     Single Family      Owner occupied           110000    360
816276     10.65     5.75   6 Month LIBOR        466.69        1/1/29     Single Family      Owner occupied            63000    360
816291      8.95      7.5   6 Month LIBOR       1081.39        2/3/29     Single Family      Owner occupied           197000    360
816336     10.24        8   6 Month LIBOR       1063.69        2/1/29     Single Family      Owner occupied           132000    360
816346      10.6        8   6 Month LIBOR           581       2/26/29     Single Family      Owner occupied            80000    360
816353      9.85      7.5   6 Month LIBOR        623.89        2/5/29     Single Family      Owner occupied            90000    360
816369      9.35     7.75   6 Month LIBOR        373.88        2/1/29     Single Family      Owner occupied            53000    360
816435     10.24        8   6 Month LIBOR        604.37        2/1/29     Single Family      Owner occupied            75000    360
816439      10.2      7.5   6 Month LIBOR        724.62       3/26/29     Single Family      Owner occupied           116000    360
816446     10.75      8.5   6 Month LIBOR        490.08       2/19/29     Single Family      Owner occupied            70000    360
816454        10        9   6 Month LIBOR        982.88       2/16/29     Single Family      Owner occupied           140000    360
816473      8.99    5.125   6 Month LIBOR       1519.38        1/1/29     Single Family      Owner occupied           240000    360
816481      8.65     7.35   1 Year Treasury      496.98        2/1/29     Single Family      Owner occupied            75000    360
816483     11.49      8.5   6 Month LIBOR        460.13       2/16/29     Single Family      Owner occupied            62000    360
816510      8.75      7.5   6 Month LIBOR       1919.55       1/26/29     Single Family      Owner occupied           370000    360
816522      9.25      7.5   6 Month LIBOR        503.48        2/3/29     Single Family      Owner occupied            72000    360
816563     10.99        9   6 Month LIBOR       1627.18       1/27/29     Single Family      Owner occupied           190000    360
816576      9.75        8   6 Month LIBOR          1098       2/16/29     Single Family      Owner occupied           142000    360
816589      8.99      7.5   6 Month LIBOR        628.65       2/23/29     Single Family      Owner occupied            94000    360
816591      10.5    7.375   1 Year Treasury       490.3        2/1/29     Single Family      Owner occupied            67000    360
816600      9.49    5.625   6 Month LIBOR        554.48        1/1/29     Single Family      Owner occupied            82500    360
816610     10.84        9   6 Month LIBOR        543.47        2/8/29     Single Family      Owner occupied            68000    360

                                      I-B-5

(table continued)

Loan     Borr Name             Address                        City              Zip       State   Lien   LTV            Curr Bal
No                                                                              Code              Posi-
                                                                                                  tion

816620   SMITH                  7783  NW 60TH LN              PARKLAND          33067     FL      1      49.42824252     94627.47
816632   JONES                 18761  CAPE SABLE DR           BOCA RATON        34498     FL      1      89.70751883    214297.79
816652   WORKMAN                3248  VENTURA BOULEVARD       GROVE CITY        43123     OH      1      79.72888158     60563.56
816667   LAKES                   102  SQUIRES DR              RICHMOND          40475     KY      1      84.73010138     91888.92
816702   AARON                  3590  WOODSIDE DR             CORAL SPRINGS     33065     FL      1      74.78534545    164457.92
816756   NOEL                   1060  NW 43RD ST              FORT LAUDERDALE   33309     FL      1      84.65897849     78693.44
816782   JEWELL                 3368  PARK AVENUE WEST        MANSFIELD         44906     OH      1      84.55174863      77333.3
816803   REEVES                11386  LOGINAW DR              WARREN            48089     MI      1      89.83443243     166067.5
816844   DEGEER                 5194  S SEYMOUR RD            SWARTZ CREEK      48473     MI      1      89.68025021    107473.16
816852   HERBST                 9606  BUTCHER RD              MOUNT VERNON      43050     OH      1      89.72679592    131841.75
816855   MCDONALD               4809  WINONA TERRACE          CINCINNATI        45227     OH      1        69.783375     55804.93
816859   LARSSON                 362  S 20TH AVE              BRIGHTON          80601     CO      1      84.73854237    149918.85
816860   DIAS                   4580  FREEPORT WAY            DENVER            80239     CO      1      79.72639568    110689.54
816865   BELANGER                827  BROADWAY                OWOSSO            48867     MI      1        79.692125     57378.33
816879   PAYNE                  6658  COLLINSWAY COVE         MEMPHIS           38141     TN      1      79.85285455     87740.65
816900   WOOD                      6  WAGON WHEEL WAY         OCALA             34482     FL      1      84.78192593    114411.99
816926   STAVINSKY              7065  COLEY AVENUE            LAS VEGAS         89117     NV      1        89.708165    179330.17
816929   AHERN                  1311  CUSTER AVE              ROCKFORD          61103     IL      1           79.746     57390.12
816931   SANTIBANEZ             1559  SOUTH  AVE              TOLEDO            43609     OH      1      89.78663492     56538.04
816940   CHILDERS                989  BLAINCE BRANCH ROAD     BEATTYVILLE       41311     KY      1      89.72841538     58297.38
816974   FONNER                   27  SPAULDING AVE           BATTLE CREEK      49017     MI      1      89.78019753     72660.51
817000   SANDOR                 4409  DALLAS PL               BOULDER           80303     CO      1      79.71792571     278867.2
817002   LOPER                   520  S BRIDGE ST             BELDING           48809     MI      1        74.786375     59808.24
817027   WILLIAMS               2035  S GLEBE RD              ARLINGTON         22204     VA      1      84.91413889    152789.48
817032   CLARK                 15140  E HAMPDEN CIR           AURORA            80014     CO      1      88.70685714     80682.42
817055   MENCONI                1111  COUNTRY CLUB DR         CROWN POINT       46307     IN      1      89.73904386    102259.04
817086   CURRY                   809  18TH ST EAST            BRADENTON         34208     FL      1          79.7734     55814.18
817105   ALFARIS                2916  S WABASH CIR            DENVER            80231     CO      1      84.71624706    143887.63
817113   SCOTT                  1548  ARLINE AVE              ABINGTON          19001     PA      1      84.76913402     82187.64
817136   SAMS                     99  N HESTER ST             NORWALK           44857     OH      1      79.25778417     55052.67
817152   BUETTNER               1020  CENTRAL AVE             DECATUR           46733     IN      1      79.68664444     35837.25
817153   MILLIMAN                 30  CHARLES ST              HILLSDALE         49242     MI      1      89.79163889     64598.16
817158   VITELLO                1256  NEWTON ST               DENVER            80204     CO      1      89.68972308    116541.21
817164   PACHECO                5905  W ALAMO DR              LITTLETON         801230893 CO      1      89.73664792    207294.32
817189   GAUNT                   600  E 1248 S                MARION            46953     IN      1      84.68434286     59246.49
817201   JANNEN                  526  W 1ST STREET            LOVELAND          80537     CO      1      78.87767033     71702.58
817212   GIBSON                 2361  HANNA DRIVE             COLUMBUS          43211     OH      1      79.77386207     46229.42
817219   GIBSON                 2445  HANNA DR                COLUMBUS          43211     OH      1      79.80456364     43855.42
817221   GIBSON                 1675 - 1675 1/2 MINNESOTA AVE COLUMBUS          43211     OH      1      79.82443697     47459.44
817222   GIBSON                 2380  CENTURY DR              COLUMBUS          43211     OH      1      79.80468519     43058.12
817247   COTTEN                   74  S PARK ST               CEDAR SPRINGS     49319     MI      1      84.05474528     89020.09
817249   WILCOX                 4720  SWAINSONA DR            LOVELAND          80537     CO      1      73.39742105    139362.08
817261   CAPEL                   695  SHELTON RD              RADCLIFF          40160     KY      1       89.6826413     82464.99
817275   LUSK                   1836  HARBOR LANE             NAPLES            34104     FL      1      86.53272892    143583.55
817308   DUNN DUNN\BLUNK          53  TERRY DR                SAINT CHARLES     63303     MO      1      74.42322222     53555.39
817322   BAUGH                  1006  DANIELLE COURT          RICHMOND          40475     KY      1      89.65070064     70342.69
817373   KEHRLE                  262  OXFORD RD               LEXINGTON         44904     OH      1       69.3300087     79683.24
817381   KEENE                  4165  CEDAR RD                ORANGE PARK       32065     FL      1      79.63759756     65269.05

                                     I-B-6

(table continued)

Loan       APR     Margin    Index Name        Curr Pmt   Maturity Dt    Property Type      Occ Status               Appr      Orig
No                                                                                                                    Val       Ter

816620      9.65      7.5   6 Month LIBOR        809.23        2/5/29     Single Family      Owner occupied           200000    360
816632      9.89        8   6 Month LIBOR        1870.2        2/5/29     Single Family      Owner occupied           243000    360
816652      9.69     8.25   6 Month LIBOR        519.69        2/1/29     Single Family      Owner occupied            76000    360
816667        10      7.5   6 Month LIBOR        809.34        2/5/29     Single Family      Owner occupied           116500    360
816702     10.49     8.75   6 Month LIBOR       1508.09        2/1/29     Single Family      Not Owner                220000    360
                                                                                             occupied
816756       9.7     7.75   6 Month LIBOR        675.83        2/1/29     Single Family      Owner occupied            93000    360
816782     10.99     8.25   6 Month LIBOR        740.08        2/3/29     Single Family      Owner occupied            91500    360
816803     10.95      9.5   6 Month LIBOR       1579.33       3/30/29     Single Family      Owner occupied           185000    360
816844      9.75      8.5   6 Month LIBOR        927.11        3/5/29     Single Family      Owner occupied           121000    360
816852     10.45      7.5   6 Month LIBOR       1205.26       2/18/29     Single Family      Owner occupied           147000    360
816855     10.95      8.5   6 Month LIBOR        531.19        2/3/29     Single Family      Owner occupied            80000    360
816859     10.15      8.5   6 Month LIBOR       1337.01       2/16/29     Single Family      Owner occupied           177000    360
816860       8.9      8.5   6 Month LIBOR        886.75       2/10/29     Single Family      Owner occupied           139000    360
816865      9.74      7.5   6 Month LIBOR        494.45        2/4/29     Single Family      Not Owner                 72000    360
                                                                                             occupied
816879      11.1     8.75   6 Month LIBOR         844.7        2/9/29     Single Family      Not Owner                110000    360
                                                                                             occupied
816900        11        8   6 Month LIBOR       1092.79       2/25/29     Single Family      Owner occupied           135000    360
816926       9.9        8   6 Month LIBOR       1566.34       2/10/29     Single Family      Owner occupied           200000    360
816929        10     7.75   6 Month LIBOR        505.48       2/19/29     Single Family      Owner occupied            72000    360
816931      9.75        8   6 Month LIBOR        487.14       4/23/29     Single Family      Owner occupied            65000    360
816940     10.24        8   6 Month LIBOR        523.78        2/3/29     Single Family      Owner occupied            65000    360
816974     10.49        8   6 Month LIBOR         666.3       2/22/29     Single Family      Owner occupied            81000    360
817000       9.5      7.5   6 Month LIBOR       2354.39        2/5/29     Single Family      Owner occupied           350000    360
817002     11.49     8.25   6 Month LIBOR        593.72       2/16/29     Single Family      Owner occupied            80000    360
817027        11      7.5   6 Month LIBOR       1457.05       8/20/29     Single Family      Owner occupied           180000    360
817032      9.65        8   6 Month LIBOR        689.97       2/10/29     Condominium        Owner occupied            91000    360
817055     10.49        8   6 Month LIBOR        937.76       3/12/29     Single Family      Owner occupied           118000    360
817086      9.79      7.5   6 Month LIBOR        482.77       3/10/29     Single Family      Owner occupied            70000    360
817105     10.25        8   6 Month LIBOR       1294.87       2/26/29     Single Family      Owner occupied           170000    360
817113      9.99        8   6 Month LIBOR        722.95       3/15/29     Single Family      Owner occupied            97000    360
817136      9.49      7.5   6 Month LIBOR        467.11       2/18/29     Single Family      Owner occupied            69500    360
817152      8.75     7.25   6 Month LIBOR        283.21       3/18/29     Single Family      Owner occupied            55500    360
817153     10.74        8   6 Month LIBOR        604.41       2/23/29     Single Family      Owner occupied            72000    360
817158      9.65        8   6 Month LIBOR        996.63       2/16/29     Single Family      Owner occupied           130000    360
817164      10.5      8.5   6 Month LIBOR       1903.39       2/16/29     Single Family      Owner occupied           232000    360
817189      9.25      7.5   6 Month LIBOR        489.49       2/16/29     Single Family      Owner occupied            76000    360
817201       9.4      8.5   6 Month LIBOR        600.17       2/22/29     Single Family      Owner occupied            91000    360
817212     10.49     8.75   6 Month LIBOR        424.09       2/12/29     Single Family      Not Owner                 58000    360
                                                                                             occupied
817219     10.49     8.75   6 Month LIBOR        402.16       2/12/29     Single Family      Not Owner                 56000    360
                                                                                             occupied
817221     10.99     9.25   6 Month LIBOR        452.95       2/12/29     Multiple Family    Not Owner                 60000    360
                                                                                             occupied
817222     10.49     8.75   6 Month LIBOR        394.84       2/12/29     Single Family      Not Owner                 55000    360
                                                                                             occupied
817247     10.24        8   6 Month LIBOR        799.11        4/5/29     Single Family      Owner occupied           106000    360
817249      8.25     7.25   6 Month LIBOR       1051.77       3/30/29     Single Family      Owner occupied           190000    360
817261       9.5     7.75   6 Month LIBOR        696.23       2/26/29     Single Family      Owner occupied            92000    360
817275     10.45      7.5   6 Month LIBOR       1311.84       3/16/29     Single Family      Owner occupied           166000    360
817308       9.6     7.25   6 Month LIBOR        458.01       3/24/29     Single Family      Owner occupied            75000    360
817322        10     8.25   6 Month LIBOR        619.57       2/25/29     Multiple Family    Owner occupied            79000    360
817373      8.94      7.5   6 Month LIBOR        640.25       3/10/29     Single Family      Owner occupied           115000    360
817381       9.5     7.25   6 Month LIBOR        550.76       3/10/29     Single Family      Owner occupied            82000    360

                                      I-B-6

(table continued)

Loan     Borr Name             Address                        City              Zip       State   Lien   LTV            Curr Bal
No                                                                              Code              Posi-
                                                                                                  tion

817403   COLLIER                2113  S 23RD AVE              BROADVIEW         60153     IL      1           75.782    100753.92
817424   MCCLAIN                7213  W ROXBURY PL            LITTLETON         80128     CO      1      85.93069655    124533.58
817427   SPINN SPINNER           612  FOURTH ST               WESTON            64098     MO      1      89.68014993     59785.69
817430   LAPPALAINEN             849  BARNYARD DR             MURPHY            28906-    NC      1       79.7879661      47074.9
817432   FORSYTH                5105  EVERETT AVE             FLOYDS KNOBS      47119     IN      1      89.80256818    118539.39
817473   STERNBERG             21696  CROMWELL CIR            BOCA RATON        33486     FL      1      89.76659884    154339.09
817491   ALLEN                   141  ALLEN DOUGLAS DR        RICHMOND          40475     KY      1      76.81196296    103608.54
817497   PERRY                  7142  BAY VIEW DR NE          OLYMPIA           98506     WA      1        57.536204    143761.85
817540   GILLESPIE              2486  W SUNSET DR             LITTLETON         80120     CO      1      74.70386944    268767.66
817548   FINLEY                 8881  NORTHLAWN               DETROIT           48227     MI      1      74.81682353     63567.55
817593   DAVID                     7  COUNTRY HILL ROAD       SAINT PETERS      63376     MO      1       89.2887963     96321.83
817611   COOPER                  553  N CANYON VIEW DR        PLEASANT GROVE    84062     UT      1       79.6979367    193779.58
817613   MARLATTE                836  NW 1571 RD              HOLDEN            64040     MO      1       89.8398375    143699.53
817618   BROADDUS               3392  PEARL ST                WARREN            48091     MI      1      79.77776502     90256.98
817633   HENDRICKSON            5716  BROOKVIEW AVENUE        PORTAGE           46368     IN      1      89.76868148    121134.11
817656   PAPOVICH               2201  CARDINAL HARBOUR RD     PROSPECT          40059     KY      1      89.80084444    201897.02
817676   CARPENTER              3580  W SKY RIDGE LOOP        TUCSON            85742     AZ      1      89.73741509     95080.51
817691   KRETSCH               11525  272ND AVE               TREVOR            53179     WI      1      88.10666079     99966.79
817704   WEAVER                 5320  E 129TH WAY             THORNTON          80241     CO      1      79.46458784    117549.69
817708   KUHL                    904  SAINT CLAIR  AVE        ELKHART           46516     IN      1      84.81398333     50869.19
817709   ELLIS                  3240  LIV-MOOR DR             COLUMBUS          43227     OH      1      86.04001099     78296.41
817734   VANDERBUILT            3537  LEACH DR                COLUMBUS          43207     OH      1      89.80250602     74507.89
817749   SHULL                   359  SPERLING DR             CHERRYVILLE       28021     NC      1      84.82966667     76320.51
817755   NANCE                  9848  S UNIVERSITY            CHICAGO           60628     IL      1      74.79165714     78441.43
817776   SMITH                  7255  W MERANTO AVE           LAS VEGAS         891249220 NV      1      89.76659574    168696.21
817792   NADOLSKI              20245  HUNTINGTON AVE          HARPER WOODS      48225     MI      1      89.78350909     98682.54
817795   FORERO                  539  SUMMERBROOKE CT         SUWANEE           30174     GA      1      84.81363158    112716.58
817817   CRESPO                11007  REGENCY COMMONS CT      ORLANDO           32837     FL      1      84.82145185     57213.29
817825   BREATHETT              2387  COUNTRY CLUB DR SW      ATLANTA           30311     GA      1      84.83271579      80563.7
817842   WANNER                  710  HEALY ST                OGDEN             844030753 UT      1      89.79909412     76300.46
817851   BURGESS                 248  W DOWNS CIR             OGDEN             84404     UT      1      89.81408955    120248.18
817852   BROWN                  5052  INDIA LAKE DR           ACWORTH           30102     GA      1       79.7894219    143385.52
817858   CROWLEY                4920  DRYMON AVE              SARASOTA          34235     FL      1      79.78274107     89314.92
817869   ANDERSON               6716  COVE CREEK DR           CHARLOTTE         28215     NC      1      84.79192929     83872.92
817873   HALPIN                 4126  W 54TH TERR             SHAWNEE MISSION   66205     KS      1      89.77978571     125564.9
817904   SHEFFIELD               915  YORK DR                 BRANDON           33510     FL      1      89.76868293     73577.75
817905   VANDENBRINK            4167  PONDEROSA DR            DORR              49323     MI      1      72.47389565     83323.08
817908   MORRISON                705  E 152ND ST              DOLTON            60419     IL      1      79.86908594    102147.56
817909   DAHN                   4920  W 51ST TERR             ROELAND PARK      66205     KS      1      74.54817204     69242.89
817927   REVOLLO                4245  ORTEGA FOREST DR        JACKSONVILLE      32210     FL      1      84.78787397    309214.47
817934   NETZLER                 115  SECURITY BLVD           COLORADO SPRINGS  80911     CO      1      79.73048913     73309.91
817939   HEDGECOUGH              619  OLD DRAKE TEMPERANCE    BOWLING GREEN     42104     KY      1      89.78662069     52025.31
817941   JONES                   601  OAKDALE DR              ELKHART           46517     IN      1      89.72910526     68158.85
817951   LEROY                  6614  SW 41ST PL 1            DAVIE             33314     FL      1      67.58678082     49272.14
817960   GRANDMAISON            3624  BRIGHTON DR             LANSING           48911     MI      1      74.79838462     48573.44
817962   WEATHERS                435  50TH AVE                BELLWOOD          60104     IL      1      79.73228346     91081.66
817968   PORTER                10612  BRIXWORTH COURT         DAMASCUS          20872     MD      1      79.77776647    133152.97
817969   EBERTS                   20  LN 160 JIMMERSON        ANGOLA            46703     IN      1      89.83982422    229919.21
817974   GIBBONS                5753  SW 24TH AVE             FORT LAUDERDALE   33312     FL      1       79.1471913     90953.86
817982   KEESLING              12735  S DARNELL               OLATHE            66062     KS      1      84.79338125    271240.79

                                     I-B-7

(table continued)

Loan       APR     Margin    Index Name        Curr Pmt   Maturity Dt    Property Type      Occ Status               Appr      Orig
No                                                                                                                    Val       Ter

817403     11.24      7.5   6 Month LIBOR        980.21        3/8/29     Single Family      Owner occupied           133000    360
817424       9.4        8   6 Month LIBOR       1041.96        3/2/29     Single Family      Owner occupied           145000    360
817427       9.5        8   6 Month LIBOR        504.76       2/22/29     Single Family      Owner occupied            66700    360
817430     10.85        9   6 Month LIBOR        444.16       2/25/29     Second Home        Not Owner                 59000    360
                                                                                             occupied
817432     10.99      8.5   6 Month LIBOR       1130.46        4/1/29     Single Family      Owner occupied           132000    360
817473     10.95      9.5   6 Month LIBOR       1468.35       2/12/29     Single Family      Owner occupied           176000    360
817491     10.49     8.25   6 Month LIBOR        950.09       2/22/14     Single Family      Owner occupied           135000    180
817497      9.23     7.33   6 Month LIBOR       1185.03       3/22/29     Single Family      Owner occupied           250000    360
817540      8.65      7.5   6 Month LIBOR       2104.84        3/3/29     Single Family      Owner occupied           360000    360
817548     10.49     8.25   6 Month LIBOR        582.67        3/5/29     Single Family      Not Owner                 85000    360
                                                                                             occupied
817593         9        8   6 Month LIBOR        778.07       3/12/29     Single Family      Owner occupied           108000    360
817611       8.4     7.75   6 Month LIBOR       1482.84       3/19/29     Single Family      Owner occupied           250000    360
817613     11.95        8   6 Month LIBOR       1475.66       3/24/29     Single Family      Owner occupied           160000    360
817618      8.99      7.5   6 Month LIBOR        728.01        4/5/29     Single Family      Owner occupied           119000    360
817633     10.25      8.5   6 Month LIBOR       1088.76       3/15/29     Single Family      Owner occupied           135000    360
817656     10.95      7.5   6 Month LIBOR       1920.81       2/26/29     Single Family      Owner occupied           225000    360
817676      10.4     8.75   6 Month LIBOR        865.54       2/25/29     Single Family      Owner occupied           106000    360
817691     11.45      7.5   6 Month LIBOR        988.45       3/16/29     Single Family      Owner occupied           113500    360
817704      9.78        9   6 Month LIBOR        1016.4       2/24/29     Single Family      Owner occupied           148000    360
817708        11     7.75   6 Month LIBOR        485.68       3/23/29     Single Family      Owner occupied            60000    360
817709     10.95      7.5   6 Month LIBOR        744.61        3/1/29     Single Family      Owner occupied            91000    360
817734     10.99     8.25   6 Month LIBOR        710.82       3/29/29     Single Family      Owner occupied            83000    360
817749     11.45      7.5   6 Month LIBOR        754.66       3/15/29     Single Family      Owner occupied            90000    360
817755      8.99      7.5   6 Month LIBOR        633.07       3/29/29     Single Family      Owner occupied           105000    360
817776     10.95      7.5   6 Month LIBOR       1604.94       2/26/29     Single Family      Owner occupied           189500    360
817792     10.74        8   6 Month LIBOR         923.4       3/12/29     Single Family      Owner occupied           110000    360
817795        11        9   6 Month LIBOR        1076.6       2/26/29     Single Family      Not Owner                136000    360
                                                                                             occupied
817817     11.25     7.75   6 Month LIBOR        557.26       2/26/29     Single Family      Owner occupied            69000    360
817825     11.49      8.5   6 Month LIBOR        799.04        3/3/29     Single Family      Owner occupied            95000    360
817842     10.95      7.5   6 Month LIBOR        725.64       3/20/29     Single Family      Owner occupied            90000    360
817851      10.4      8.5   6 Month LIBOR       1094.17        3/3/29     Single Family      Owner occupied           134000    360
817852      9.25      7.5   6 Month LIBOR       1183.99       3/26/29     Single Family      Owner occupied           182000    360
817858      9.99     7.95   6 Month LIBOR        785.64       3/18/29     Single Family      Owner occupied           112000    360
817869     10.48      8.5   6 Month LIBOR         768.5       2/24/29     Single Family      Owner occupied            99000    360
817873       9.6      8.6   6 Month LIBOR       1068.68        3/9/29     Single Family      Owner occupied           140000    360
817904     10.25        9   6 Month LIBOR        661.32        3/3/29     Single Family      Owner occupied            82000    360
817905     12.74     8.25   6 Month LIBOR        906.74       3/17/29     Single Family      Owner occupied           115000    360
817908     10.49        9   6 Month LIBOR        935.93        4/2/29     Single Family      Owner occupied           128000    360
817909       8.5     7.25   6 Month LIBOR        534.39        4/5/29     Single Family      Owner occupied            93000    360
817927      10.5     8.25   6 Month LIBOR       2837.98       3/29/29     Single Family      Owner occupied           365000    360
817934      8.99      7.5   6 Month LIBOR        591.67       3/10/29     Single Family      Owner occupied            92000    360
817939      9.75        8   6 Month LIBOR        448.48        3/1/29     Single Family      Owner occupied            58000    360
817941       9.5     7.75   6 Month LIBOR        575.14        3/4/29     Single Family      Owner occupied            76000    360
817951       8.2     6.95   6 Month LIBOR        370.14       3/30/29     Condominium        Owner occupied            73000    360
817960        10     7.25   6 Month LIBOR        427.82        3/8/29     Single Family      Owner occupied            65000    360
817962      8.99      7.5   6 Month LIBOR        735.09        3/3/29     Single Family      Owner occupied           114300    360
817968      8.99      7.5   6 Month LIBOR       1074.01        4/5/29     Single Family      Owner occupied           167000    360
817969     11.95      7.5   6 Month LIBOR       2361.06       3/26/29     Single Family      Owner occupied           266000    360
817974      8.25     7.25   6 Month LIBOR        691.17        3/2/29     Single Family      Owner occupied           115000    360
817982     11.25     9.75   6 Month LIBOR       2641.83       2/25/29     Single Family      Owner occupied           320000    360

                                      I-B-7

(table continued)

Loan     Borr Name             Address                        City              Zip       State   Lien   LTV            Curr Bal
No                                                                              Code              Posi-
                                                                                                  tion

817987   LEWALLEN               4601  NW GOULDEN-ROBERTS RD   BLUE SPRINGS      64015     MO      1          74.8638    149615.11
817996   ANGELO                 5045  E WINDROSE DR           SCOTTSDALE        85254     AZ      1      63.33023457    102525.86
817997   HILL                   5007  WEDGEWOOD               MUNCIE            47304     IN      1      89.73913772     74893.49
818005   WILSON                 4984  SHALLOW RIDGE RD.       KENNESAW          30144     GA      1       89.8436669    128294.96
818028   AUKER                   110  S MAIN PO BOX 114       LOSANTVILLE       47354     IN      1      80.51371941     49330.64
818046   JONES                  2225  HANOVER ST              AURORA            80010     CO      1      84.77109179     87697.44
818048   GREGG                  1321  N CIR DR                COLORADO SPRINGS  80907     CO      1      84.79281739     97470.81
818050   KNORR                  1215  BROOKVIEW AVE           DAYTON            45409     OH      1      79.84071556    179458.13
818057   DOUGLAS                4105  NW 47TH ST              TAMARAC           33319     FL      1      79.86323158     75828.15
818058   ONUOHA                 2247  S WACO CT               AURORA            80013     CO      1      79.73227684    141045.07
818080   STANISOVSKA            1596  HARRISON POND DR        GAHANNA           43230     OH      1      89.85129388    248714.75
818094   WING                   1401  SE 20TH ST              CAPE CORAL        33990     FL      1      79.84857143     89387.14
818129   CHRISTOPHER             113  CRESTVIEW DRIVE         BEREA             40403     KY      1      84.82371613    131429.71
818131   MCCLELLAN               412  CONCORD DRIVE           CLINTON           39056     MS      1      84.79722807    169100.95
818145   BARRIX                 1722  HOLLY WAY               LANSING           48910     MI      1      89.55989773     78735.64
818160   MCDANIELS               747  MADERIA COURT           KISSIMMEE         34758     FL      1      84.76964103     66089.49
818166   ORTON                   190  & 228 N PERU ST         CICERO            46034     IN      1      84.83689011     77171.12
818167   LACIVITA              11344  WOODCHUCK LN            BOCA RATON        33428     FL      1      79.89601935    123755.91
818174   PHETSAVANH             4504  35TH AVE SOUTH          SEATTLE           98118     WA      1         79.72727     79680.63
818193   POWELL                 8720  MORNINGSTAR LN          CINCINNATI        45231     OH      1      89.79628333     53827.65
818203   BEEDLE                  602  W ALABAMA AVE           FOUNTAIN          80817     CO      1      89.79325333    201843.33
818220   YODER                 19461  SUN CIR CT              GOSHEN            46526     IN      1      74.78778302     79237.93
818224   DEJEU                  2141  HOLLYWOOD DR            LAWRENCEVILLE     30245     GA      1      89.78063441     83460.94
818254   HAYES                        RT 1 BOX 317A           BRODHEAD          40409     KY      1      76.41889583     73305.24
818259   MARSHALL               3615  S LUCILE ST             SEATTLE           98118     WA      1          78.3238    109593.97
818260   ELKINS                  317  E DESERT LN             GILBERT           85234     AZ      1      84.76390323    105057.19
818261   ALTIMUS                8414  W SALTER DR             PEORIA            85382     AZ      1      78.33422894     96467.79
818263   FLOWERS                4300  NW 11TH AVE             MIAMI             33127     FL      1          75.3232     67762.03
818265   HOLDEN                  305  12TH AVE N              GREENWOOD         64034     MO      1      74.36574074     80317.91
818268   KELLAM                 1763  CENTER AVENUE           EAST POINT        30344     GA      1      79.83369737     60651.85
818283   TEISLER                  17  W SILVERWOOD DR         PHOENIX           85045     AZ      1      79.75917667    239153.76
818293   BLAYLOCK              12020  SIOUX PT DR             SAINTE GENEVIEVE  63670     MO      1          84.8036    103843.05
818305   TURNER                 1836  -1838 E 78TH ST         KANSAS CITY       64132     MO      1      79.81039394     78980.03
818310   PATON                  7295  COVINGTON HWY           LITHONIA          30058     GA      1        89.742896    112123.52
818381   BUTLER                  312  GRAND AVE               AKRON             44302     OH      1         89.83475     53880.47
818399   DYER                   1601  CRESTA  RD              COLORADO SPRINGS  80906     CO      1        84.769148    211823.86
818400   HARPER                 3376  FOWLER AVE              OGDEN             84403     UT      1         89.73075    107621.54
818401   JONES                  2411  19TH AVE CT NW          GIG HARBOR        98335     WA      1      79.77049827    230536.74
818404   MURPHY                 6725  W 48TH AVE              WHEAT RIDGE       80033     CO      1      84.75462346    137259.79
818421   STARR                 10802  S F HWY                 LONE JACK         64070     MO      1      80.98277045       355978
818422   THOMAS                12944  ARCHDALE                DETROIT           48227     MI      1      79.80990588     67771.93
818435   ROGERS                  142  LAKESHORE DR            RICHMOND          40475     KY      1      89.74993846     87406.09
818460   VAZQUEZ VAZQUEZ        5731  SW 24 AVE               FORT LAUDERDALE   33312     FL      1      79.76166087     91613.49
818472   FORD                   7045  REEDS LN                WATERFORD         48328     MI      1      79.86941739    183575.46
818474   CAMACHO                  11  NORTHWEST 97TH ST.      MIAMI             33150     FL      1      79.74632877    116366.24
818481   EL SAYED\FARHAT       13133  S MORROW CIR            DEARBORN          48126     MI      1      79.73500645    123527.95
818518   ARNOTT                 7801  N PRIMROSE DR           DUNNELLON         34434     FL      1      84.82772894     69444.95
818522   GRUDT                  1220  WETHERBY                JACKSON           49201     MI      1      74.57526316    141567.88
818523   PETERSEN\DEAN          1353  E GARFIELD AVE          AURORA            60506     IL      1      89.77464571    157024.87
818524   WILLIAMS              14542  E 13TH AVE              AURORA            80011     CO      1      74.36275325     57218.45

                                     I-B-8

(table continued)

Loan       APR     Margin    Index Name        Curr Pmt   Maturity Dt    Property Type      Occ Status               Appr      Orig
No                                                                                                                    Val       Ter

817987        11     8.25   6 Month LIBOR       1428.49        3/9/29     Single Family      Owner occupied           200000    360
817996       8.2     7.25   6 Month LIBOR        770.19        3/8/29     Single Family      Owner occupied           162000    360
817997       9.5     7.75   6 Month LIBOR         631.9        5/1/29     Single Family      Owner occupied            83700    360
818005     11.24      8.5   6 Month LIBOR       1248.16        3/2/29     Single Family      Owner occupied           142900    360
818028      9.75     7.75   6 Month LIBOR        425.28       3/19/29     Single Family      Owner occupied            61300    360
818046     10.03        8   6 Month LIBOR        773.99       3/12/29     Single Family      Owner occupied           103500    360
818048      10.5        8   6 Month LIBOR        894.16        3/2/29     Single Family      Owner occupied           115000    360
818050       9.5     7.75   6 Month LIBOR       1513.54        4/2/29     Single Family      Owner occupied           225000    360
818057     12.49     9.75   6 Month LIBOR        810.53       2/26/29     Single Family      Owner occupied            95000    360
818058      8.99      7.5   6 Month LIBOR       1138.33        3/8/29     Single Family      Owner occupied           177000    360
818080     11.45      7.5   6 Month LIBOR       2459.24       3/30/29     Single Family      Owner occupied           280000    360
818094      9.74        8   6 Month LIBOR        769.14        5/4/29     Single Family      Owner occupied           112000    360
818129     11.25     8.25   6 Month LIBOR       1279.64        3/8/29     Single Family      Owner occupied           160000    360
818131      10.6     8.25   6 Month LIBOR       1563.86       3/12/29     Single Family      Owner occupied           213000    360
818145      9.75        8   6 Month LIBOR        678.73       3/22/29     Single Family      Owner occupied            88000    360
818160        10     8.25   6 Month LIBOR        581.83       3/12/29     Single Family      Owner occupied            78000    360
818166     10.75     8.25   6 Month LIBOR        722.05        4/1/29     Single Family      Owner occupied            92000    360
818167     11.49        9   6 Month LIBOR       1227.02       4/13/29     Single Family      Owner occupied           155000    360
818174       8.9      8.5   6 Month LIBOR        637.95       3/19/29     Single Family      Owner occupied           100000    360
818193      9.99        8   6 Month LIBOR        473.49       3/10/29     Single Family      Owner occupied            60000    360
818203       9.9      8.5   6 Month LIBOR       1762.14       3/23/29     Single Family      Owner occupied           225000    360
818220      9.99      8.5   6 Month LIBOR        697.08       3/15/29     Single Family      Owner occupied           106000    360
818224      10.5     8.75   6 Month LIBOR        765.64       3/24/29     Single Family      Owner occupied            93000    360
818254     10.85      7.5   6 Month LIBOR        691.64       3/30/29     Single Family      Owner occupied            96000    360
818259      9.28      7.5   6 Month LIBOR        907.34       3/17/29     Single Family      Owner occupied           140000    360
818260       9.9     7.75   6 Month LIBOR        917.18       3/19/29     Single Family      Owner occupied           124000    360
818261     11.15     8.75   6 Month LIBOR        931.95       3/12/29     Single Family      Owner occupied           124000    360
818263      10.5     7.75   6 Month LIBOR        622.02        3/8/29     Single Family      Owner occupied            90000    360
818265      8.25     7.25   6 Month LIBOR        608.53       3/16/29     Single Family      Owner occupied           108000    360
818268     11.24     8.25   6 Month LIBOR        590.07        3/5/29     Single Family      Not Owner                 76500    360
                                                                                             occupied
818283       9.5      7.5   6 Month LIBOR       2018.05       3/26/29     Single Family      Owner occupied           300000    360
818293     10.75        8   6 Month LIBOR        971.99       3/24/29     Single Family      Owner occupied           122500    360
818305     10.63     8.75   6 Month LIBOR        732.18       3/16/29     Multiple Family    Not Owner                 99000    360
                                                                                             occupied
818310      9.75        8   6 Month LIBOR        966.55        3/9/29     Single Family      Owner occupied           125000    360
818381     10.95      7.5   6 Month LIBOR        512.22        4/1/29     Single Family      Owner occupied            65000    360
818399      9.99     8.75   6 Month LIBOR       1863.27       3/19/29     Single Family      Owner occupied           250000    360
818400      9.53        8   6 Month LIBOR        910.49       3/22/29     Single Family      Owner occupied           120000    360
818401      9.73      7.5   6 Month LIBOR       1982.97        4/8/29     Single Family      Owner occupied           289000    360
818404      11.9     8.75   6 Month LIBOR       1404.28       3/12/29     Single Family      Owner occupied           167250    360
818421      9.74        8   6 Month LIBOR       3064.56       4/14/29     Single Family      Owner occupied           440000    360
818422      9.74     8.25   6 Month LIBOR        583.73       3/25/29     Single Family      Not Owner                 85000    360
                                                                                             occupied
818435      8.99     7.75   6 Month LIBOR        705.43       3/19/29     Single Family      Owner occupied            98000    360
818460      8.65      7.5   6 Month LIBOR         717.2       3/23/29     Single Family      Owner occupied           115000    360
818472     11.49        9   6 Month LIBOR       1820.73       3/29/29     Single Family      Owner occupied           230000    360
818474      9.25      7.5   6 Month LIBOR        960.88       3/15/29     Single Family      Owner occupied           146000    360
818481      9.74      7.5   6 Month LIBOR       1064.44       3/16/29     Single Family      Owner occupied           155000    360
818518     10.49      8.5   6 Month LIBOR        636.28        4/8/29     Single Family      Owner occupied            90000    360
818522     10.24      7.5   6 Month LIBOR       1271.41        4/2/29     Single Family      Owner occupied           190000    360
818523      9.49        8   6 Month LIBOR        1323.2       4/22/29     Single Family      Owner occupied           180000    360
818524       7.9     7.25   6 Month LIBOR        417.91       3/23/29     Single Family      Owner occupied            77000    360

                                     I-B-8

(table continued)

Loan     Borr Name             Address                        City              Zip       State   Lien   LTV            Curr Bal
No                                                                              Code              Posi-
                                                                                                  tion

818535   RIPPY                   577  22 1/2 RD               GRAND JUNCTION    81503     CO      1      89.35895294    227777.24
818569   BLAKE                  3430  WOODWORTH               HAZEL CREST       60429     IL      1      79.80993782     73126.06
818610   BINION                 5404  S DREXEL BLVD           CHICAGO           60653     IL      1         77.56573     232541.4
818617   HARRELL                1278  CHERRY TREE ROAD        BURKESVILLE       42717     KY      1       79.7709708    109232.44
818633   HOSKINS                1037  WYLEY AVE               AKRON             44306     OH      1      79.83405714     55863.84
818649   WYNNE                  2203  KINGSWOOD LN            BRANDON           33511     FL      1       79.7777438     96476.07
818667   DARTY                  7893  HILO WAY                DIAMONDHEAD       39525     MS      1       79.8488932     82164.62
818668   BECHTOLT               3335  S DUNKIRK WAY           AURORA            80013     CO      1      78.87566187    109563.12
818697   GUS                    7510  BRINSMADE               CLEVELAND         44102     OH      1      84.82773077     66110.22
818720   DOTSON                 7861  STEVEN FRANKLIN DR      BARTLETT          38133     TN      1      79.84957143    106165.44
818733   GRIFFIN                2960  SUNSET ST               JACKSONVILLE      32254     FL      1          84.8457     50869.19
818735   MCNELLEY               5661  HARDING ST              HOLLYWOOD         33021     FL      1        89.742896    112123.52
818752   ASHLEY                 2853  HORSESHOE DR S E        ATLANTA           30316     GA      1      79.83372464     55065.51
818759   BROWN                   600  BEAVER DAM CT           KESWICK           22947     VA      1      84.84345064    296388.25
818769   GARLOUGH GARLOU         100  KATSURA CIR             MILLIKEN          80543     CO      1      79.77663849    114629.03
818773   GROVES                12709  S DARNELL               OLATHE            66062     KS      1      84.81871148    258469.23
818785   FREEMAN                 358  6TH ST                  ELYRIA            44035-    OH      1       74.9275873     47173.19
818820   KELLAM                 1449  SHOREHAM DR             COLLEGE PARK      30349     GA      1      79.75353425     58198.64
818821   BISCHOFF               1205  FALCON RD               LOUISVILLE        40213     KY      1      74.80216875    119618.69
818849   HILTON                 6078  HUNTINGTON WOODS DR     NAPLES            34112     FL      1      89.81166667     86144.68
818853   HOLMES                 1610  AVON AVE                ATLANTA           30311     GA      1      79.83766864     67439.21
818866   BREWER                 4820  BEACONSFIELD            DETROIT           48224     MI      1          79.8123     87751.22
818875   SULLIVAN               1155  CLIFTON AVE             AKRON             44310     OH      1      86.53907792     66600.48
818969   HANSON                 5238  SKYLARK CT              CAPE CORAL        33904     FL      1      79.82007643     125259.6
818991   RAISCH                   21  QUITMAN ST              DENVER            80219     CO      1      79.75038095      83737.9
819009   WISDOM\FOLEY           1520  SALE AVE                LOUISVILLE        40215     KY      1      74.91734921     47171.09
819031   NIELSEN               16418  HWY 64                  RANGELY           81648     CO      1      79.84337514     69994.43
819043   JOHNSON               12021  NORTH EAST AVE          DEMOTTE           46310     IN      1       84.8631125     67862.52
819051   MILLS                   664  ANDOVER VILLAGE PL      LEXINGTON         40509     KY      1      79.73228636    175310.28
819061   ANDERSON               1000  G ST NE                 WASHINGTON        20002     DC      1      79.83360127    126031.57
819070   SMITH                  1202  W AVE                   ELYRIA            44035     OH      1         79.81256     79669.34
819081   OLSON                  1779  22ND ST                 RICE LAKE         54868     WI      1      80.75562162     89597.58
819122   PETERS                 2500  CLINTON                 OAK GROVE         64075     MO      1      84.84769048    178098.51
819125   LOWRANCE                400  BEAM RD                 GASTONIA          28056     NC      1      74.62902198     67853.63
819126   PARTRIDGE              2893  SEQUOIA LN              SARASOTA          34237     FL      1      69.82005195     53737.65
819131   ARROYO                 2415  HARPER ST               TAMPA             33605     FL      1      74.84781967     45657.17
819141   FARHOUD                1278  SPARTINA DR             FLORISSANT        63031     MO      1      79.85930319    107660.16
819152   MCFARLAND             15343  BLACKSTONE AVE          DOLTON            60419     IL      1           69.886    100602.06
819161   BOWMAN                 1888  S BEECH ST              LAKEWOOD          80228     CO      1      34.65854737     65820.74
819176   SANDERSON              5534  TEXTILE RD              YPSILANTI TOWNSHIP48197     MI      1      79.84667857    111696.78
819187   JOHNSON                1725  E GREENWAY CIR          PHOENIX           85040     AZ      1          79.8063     71789.96
819191   KLEMP                   858  N 200 W                 VALPARAISO        46384     IN      1      89.82377072    130012.42
819201   BAUER                   431  W FERRY ST              BERRIEN SPRINGS   49103     MI      1      69.55918478     63972.73
819204   THOMAS                 6116  MEADOW AVE              BALTIMORE         21207     MD      1      79.90157647     67873.26
819206   LONG                    411  WESTMINSTER DR          WAUKESHA          53186     WI      1      77.67369444    139620.57
819224   JOHNSON                3420  -3422 E 116TH ST        CLEVELAND         44120     OH      1      74.86384722     53861.49
819229   PENDELL                3644  S MERIDIAN RD           OKEMOS            48864     MI      1       79.7710099     80529.07
819267   RODRIGUEZ              1002  PLEASANT PINE CT        VALRICO           33594     FL      1      89.88235995     75388.58
819271   KULP                  58400  SUMMER CHASE DR         ELKHART           46517     IN      1      89.89721656    140972.88

                                     I-B-9

(table continued)

Loan       APR     Margin    Index Name        Curr Pmt   Maturity Dt    Property Type      Occ Status               Appr      Orig
No                                                                                                                    Val       Ter

818535      10.9        9   6 Month LIBOR       2157.87        4/5/29     Single Family      Owner occupied           255000    360
818569      9.74      7.5   6 Month LIBOR        629.53       4/13/29     Single Family      Owner occupied            96000    360
818610     11.49     8.25   6 Month LIBOR        2305.6       4/20/29     Single Family      Owner occupied           300000    360
818617      9.74        8   6 Month LIBOR        940.83       3/17/29     Single Family      Owner occupied           137000    360
818633     11.25        9   6 Month LIBOR        543.91       3/22/29     Single Family      Owner occupied            70000    360
818649      8.99      7.5   6 Month LIBOR        778.18        4/7/29     Single Family      Owner occupied           121000    360
818667      9.75      7.5   6 Month LIBOR        707.94       4/29/29     Single Family      Owner occupied           105000    360
818668      8.15     7.75   6 Month LIBOR        818.67        4/2/29     Single Family      Owner occupied           139000    360
818697     10.49      8.5   6 Month LIBOR        605.98       3/23/29     Multiple Family    Owner occupied            78000    360
818720      11.7     8.25   6 Month LIBOR       1069.94       3/17/29     Single Family      Owner occupied           133000    360
818733        11     8.25   6 Month LIBOR        485.68       3/26/29     Single Family      Owner occupied            60000    360
818735      9.75        8   6 Month LIBOR        966.55       3/15/29     Single Family      Owner occupied           125000    360
818752     11.24     8.25   6 Month LIBOR        535.72       3/11/29     Single Family      Not Owner                 69000    360
                                                                                             occupied
818759      9.87        8   6 Month LIBOR       2578.55       5/24/29     Single Family      Owner occupied           349500    360
818769      8.99      7.5   6 Month LIBOR        925.13       3/23/29     Single Family      Owner occupied           143852    360
818773     10.25      8.5   6 Month LIBOR       2323.14       3/17/29     Single Family      Not Owner                305000    360
                                                                                             occupied
818785     11.51     9.42   6 Month LIBOR        468.27       5/12/29     Single Family      Owner occupied            63000    360
818820     11.24     8.25   6 Month LIBOR        566.77       3/17/29     Single Family      Not Owner                 73500    360
                                                                                             occupied
818821      9.24      7.5   6 Month LIBOR        986.34        4/5/29     Single Family      Owner occupied           160000    360
818849     10.34        8   6 Month LIBOR        780.02       3/25/29     Condominium        Owner occupied            96000    360
818853     11.35     8.75   6 Month LIBOR        661.71       3/18/29     Single Family      Not Owner                 84500    360
                                                                                             occupied
818866       9.8     8.25   6 Month LIBOR        759.29       4/16/29     Single Family      Not Owner                110000    360
                                                                                             occupied
818875      9.69      7.5   6 Month LIBOR        572.68       4/30/29     Single Family      Owner occupied            77000    360
818969        10     8.25   6 Month LIBOR       1102.23       4/21/29     Single Family      Owner occupied           157000    360
818991     10.15     8.25   6 Month LIBOR        746.49        4/6/29     Single Family      Owner occupied           105000    360
819009     12.24     8.75   6 Month LIBOR        494.77       4/23/29     Single Family      Owner occupied            63000    360
819031     10.65     8.25   6 Month LIBOR        649.66       4/19/29     Single Family      Owner occupied            87700    360
819043      10.5     7.75   6 Month LIBOR        622.02        5/4/29     Single Family      Owner occupied            80000    360
819051      8.99      7.5   6 Month LIBOR       1414.87       3/26/29     Single Family      Owner occupied           220000    360
819061      10.5     8.75   6 Month LIBOR       1156.23       4/20/29     Single Family      Owner occupied           158000    360
819070      8.75     7.25   6 Month LIBOR        629.36       3/26/29     Single Family      Owner occupied           100000    360
819081      9.99      7.5   6 Month LIBOR         787.4        5/3/29     Single Family      Owner occupied           111000    360
819122        10      8.5   6 Month LIBOR       1566.47       5/14/29     Single Family      Owner occupied           210000    360
819125     10.25      8.5   6 Month LIBOR        609.35        5/5/29     Single Family      Owner occupied            91000    360
819126     10.25        8   6 Month LIBOR           483       3/30/29     Single Family      Owner occupied            78000    360
819131     11.35        8   6 Month LIBOR        447.83        4/1/29     Single Family      Owner occupied            61000    360
819141      11.7      7.5   6 Month LIBOR       1085.22       4/26/29     Single Family      Owner occupied           135000    360
819152      11.5        8   6 Month LIBOR        998.21       4/19/29     Single Family      Owner occupied           144000    360
819161      9.99      7.5   6 Month LIBOR        578.71        4/5/29     Single Family      Owner occupied           190000    360
819176     10.75      7.5   6 Month LIBOR        1045.5       3/30/29     Single Family      Owner occupied           140000    360
819187      9.65     7.75   6 Month LIBOR        613.31       4/19/29     Single Family      Owner occupied            90000    360
819191     10.65      7.5   6 Month LIBOR       1206.73       4/27/29     Single Family      Owner occupied           144800    360
819201     11.45     8.75   6 Month LIBOR        632.33       4/15/29     Single Family      Owner occupied           103000    360
819204     11.74      8.5   6 Month LIBOR        685.88       4/21/29     Single Family      Owner occupied            85000    360
819206        10     8.25   6 Month LIBOR        1228.6        4/5/29     Single Family      Owner occupied           180000    360
819224        11     8.25   6 Month LIBOR        514.25       3/30/29     Multiple Family    Not Owner                 72000    360
                                                                                             occupied
819229      9.74      7.5   6 Month LIBOR         693.6       3/30/29     Single Family      Owner occupied           101000    360
819267     11.95      7.5   6 Month LIBOR         773.7       5/28/29     Single Family      Owner occupied            83900    360
819271     10.74        8   6 Month LIBOR       1317.95       4/28/29     Single Family      Owner occupied           157000    360

                                      I-B-9

(table continued)

Loan     Borr Name             Address                        City              Zip       State   Lien   LTV            Curr Bal
No                                                                              Code              Posi-
                                                                                                  tion

819272   LEOPOLD                4565  N OCEAN DR              FORT LAUDERDALE   33308     FL      1      71.11515077    230922.74
819273   JONES                  1951  W 57TH ST               CLEVELAND         44102-    OH      1      74.96132824     49060.64
819274   AARON                  4104  RIVERSIDE DR            CORAL SPRINGS     33065     FL      1         74.87072    224451.88
819282   JONES                   438  SUSANNAH AVE            BARDSTOWN         40004     KY      1      74.85777284     50585.14
819287   EBY                   23489  SPRINGRIVER DR          ELKHART           46516     IN      1         87.85772    131721.55
819289   ROBERTS                 721  EVANS AVE               MACHESNEY PARK    61115     IL      1      74.86105479     54663.51
819298   DODD                   8193  ALWARD RD               LAINGSBURG        48848     MI      1      51.76986742    136617.94
819301   GRAHAM                  139  OLEANDER DR             WEST MONROE       71291     LA      1      76.54261224     93724.81
819329   JOHNS                  7320  MAIN ST                 JEFFERSONVILLE    40337     KY      1      89.85338333     53893.93
819333   TRUJILLO               1450  SKEEL ST                BRIGHTON          80601     CO      1      66.77576585    136890.32
819373   KHUTORYAN              1760  LEE RD                  CLEVELAND HEIGHTS 44118     OH      1      79.82323649    118004.63
819375   GLENN                 28219  E LARKMOOR DR           SOUTHFIELD        48076     MI      1      89.82378472    129295.08
819393   VAMPLEW               26019  YORKSHIRE PL            GROSSE ILE        48138     MI      1      74.74449412    317442.56
819407   BAILEY                 8205  W AUER AVE              MILWAUKEE         53219     WI      1      89.83842268     87062.93
819420   MOON                   3725  BRADFORD WALK TRL       BUFORD            30519     GA      1       84.8281125    135668.52
819483   LIBBY                  1922  19TH CT                 JUPITER           33477     FL      1      89.83178894     89339.93
819485   WELLS                  3220  CALIFORNIA AVE          SAINT LOUIS       63118     MO      1         79.84888     59799.22
819488   JACOBS                15032  W 128TH ST              OLATHE            66062     KS      1      84.85379697     279918.3
819498   DOTEN                  7160  RENE ST                 SHAWNEE MISSION   66216     KS      1      79.86792254    113348.99
819512   RAY                    3245  W FLOURNOY AVE          CHICAGO           60626     IL      1      89.76868148    121187.71
819527   RIGNEY                13123  SPRUCE RIDGE DR         GOWEN             49326     MI      1      79.81968889     143608.9
819539   PALOMINO              11464  SW 100 TERR             MIAMI             33179     FL      1      79.78941702    187403.85
819546   MCCLAIN                 139  MARTIN LUTHER KING CT   VERSAILLES        40383     KY      1      85.23979268     69875.34
819566   VALDEZ                  486  MADISON AVE             TWIN LAKE         49457     MI      1      89.83841463     73599.58
819578   PINKNEY               12309  VAN BRADY RD            UPPER MARLBORO    20772     MD      1      89.82999524     188460.1
819613   GLASS                  1017  SPARKS ST               ATLANTA           30310     GA      1      79.83574194     49477.52
819615   JENKINS                1251  RICHLAND RD             ATLANTA           30310     GA      1      79.86207595     63068.63
819637   SCHWARTZ                708  PIKE ST                 SADIEVILLE        40370     KY      1      84.86884286     59361.05
819639   CUTLIP                14809  STATE RT 258 SW         NEWCOMERSTOWN     43832-    OH      1        83.062208    103739.35
819656   WILLIAMS                 49  GALLATIN ST N W         WASHINGTON        20011     DC      1      79.84371333    119705.79
819666   BREYNE                  709  SWEET THORNE RD         IRMO              29063     SC      1      74.86350435     86060.77
819733   JONES                  7507  WATERS EDGE DR          STONE MOUNTAIN    30088     GA      1      84.83675265    239993.12
819742   HUSSEIN                3704  ETHELWOOD DR            LOUISVILLE        40299     KY      1      79.81031522     73389.73
819747   MOORE                    90  CARRERA RD              STOCKBRIDGE       30281     GA      1        89.774752    112128.11
819757   STEVENSON              1217  RENEE DR                DECATUR           30035     GA      1      84.52308411     90391.16
819779   BELLEW BELLEW\S        1407  MAGUIRE ST              JACKSON           49203     MI      1      84.86306849     61898.74
819783   JACKSON                1000  BALLYSHANNON PKWY       ORLANDO           32827     FL      1       84.9389771    111147.38
819821   CRUZ-DEJESUS          10717  KIMBALL ST              PARKER            80134     CO      1      84.82718182    149140.16
819822   WILSON                 4623  RANCH CIR               COLORADO SPRINGS  80918     CO      1      69.57053846    108434.44
819850   JONES                 16459  WOODLAWN EAST           SOUTH HOLLAND     60473     IL      1      89.84317489    200278.37
819852   TONEY                  5999  SIR EDWARD CT           SAINT LOUIS       63033     MO      1      79.92360731     87473.16
819862   GREEN                  1889  E 5725 S                OGDEN             84403     UT      1      84.87258865    119581.95
819874   ROSE                    301  SHORESIDE DR            LEXINGTON         40515     KY      1      41.58932885      59823.4
819879   ALHA DE                1135  SHADY CREEK DR          LITHONIA          30058     GA      1      89.80071212    118402.44
819885   PRESTON                   6  COACH CT                SAINT PETERS      63376     MO      1      89.71358209     60060.91
819904   ELLIOTT                 141  WESSINGTON PL           HENDERSONVILLE    37075     TN      1      84.93023023     84774.38
819928   JACKSON                1937  W  VERMONT AVE          PHOENIX           85015     AZ      1      79.84888889     57463.45
819932   HARRIS                 2233  BOX ANGLE RD            RICHMOND          40475     KY      1      79.88294624     74268.71
819938   ESSES                  9812  NW 9TH CT               PLANTATION        33324     FL      1      74.89705645     92839.68
819974   LOOMAN                 5030  CHICAGO RD              WARREN            48092     MI      1      74.92185039     95125.29

                                     I-B-10

(table continued)

Loan       APR     Margin    Index Name        Curr Pmt   Maturity Dt    Property Type      Occ Status               Appr      Orig
No                                                                                                                    Val       Ter

819272     12.25      8.5   6 Month LIBOR       2425.88       3/30/29     Multiple Family    Owner occupied           325000    360
819273     12.49     8.25   6 Month LIBOR        523.91       5/21/29     Single Family      Owner occupied            80000    360
819274     11.24     8.75   6 Month LIBOR       2183.63       3/30/29     Multiple Family    Not Owner                300000    360
                                                                                             occupied
819282     10.89     8.75   6 Month LIBOR        478.44        5/4/29     Single Family      Owner occupied            68000    360
819287      9.75        8   6 Month LIBOR        1135.8        4/2/29     Single Family      Owner occupied           150000    360
819289     12.49     8.25   6 Month LIBOR         583.9        4/5/29     Single Family      Owner occupied            73000    360
819298     10.75      7.5   6 Month LIBOR       1278.87        4/5/29     Single Family      Owner occupied           264000    360
819301     10.44        8   6 Month LIBOR        855.64       4/28/29     Single Family      Owner occupied           122500    360
819329      11.5      7.5   6 Month LIBOR        534.76       4/12/29     Single Family      Owner occupied            60000    360
819333       7.6      6.7   6 Month LIBOR        970.85        4/5/29     Single Family      Owner occupied           205000    360
819373         9     8.75   6 Month LIBOR        952.67       4/30/29     Single Family      Not Owner                148000    360
                                                                                             occupied
819375     10.74        8   6 Month LIBOR       1208.82       4/29/29     Single Family      Owner occupied           144000    360
819393      7.99     7.25   6 Month LIBOR       2336.65       4/13/29     Single Family      Owner occupied           425000    360
819407      9.99        8   6 Month LIBOR        765.47       4/21/29     Single Family      Owner occupied            97000    360
819420      10.5      9.5   6 Month LIBOR       1244.05        4/8/29     Single Family      Owner occupied           160000    360
819483       9.8      9.5   6 Month LIBOR        772.66       5/27/29     Condominium        Owner occupied            99500    360
819485      9.75      8.5   6 Month LIBOR        515.49       3/30/29     Single Family      Owner occupied            75000    360
819488     11.25     8.25   6 Month LIBOR       2724.39        4/1/29     Single Family      Owner occupied           330000    360
819498         9      6.5   6 Month LIBOR        914.05        6/3/29     Single Family      Owner occupied           142000    360
819512     10.25      8.5   6 Month LIBOR       1088.76       4/27/29     Multiple Family    Owner occupied           135000    360
819527      9.99      7.5   6 Month LIBOR       1262.64       4/28/29     Condominium        Owner occupied           180000    360
819539      9.25        9   6 Month LIBOR       1546.63        4/1/29     Single Family      Owner occupied           235000    360
819546     11.95      7.5   6 Month LIBOR        717.34       4/12/29     Single Family      Owner occupied            82000    360
819566      9.99        8   6 Month LIBOR         647.1       4/16/29     Single Family      Owner occupied            82000    360
819578      9.75     8.25   6 Month LIBOR        1623.8       4/26/29     Single Family      Owner occupied           210000    360
819613     10.49     8.25   6 Month LIBOR        453.34       4/14/29     Single Family      Not Owner                 65000    360
                                                                                             occupied
819615     11.24     8.25   6 Month LIBOR        613.36        4/5/29     Single Family      Not Owner                 79000    360
                                                                                             occupied
819637      10.7     7.75   6 Month LIBOR        553.19       4/23/29     Manufactured       Owner occupied            70000    360
819639     10.37      8.5   6 Month LIBOR        941.24       4/26/29     Single Family      Owner occupied           125000    360
819656      9.59     7.35   6 Month LIBOR       1016.91        5/6/29     Single Family      Owner occupied           150000    360
819666     10.99     8.75   6 Month LIBOR        820.73       4/12/29     Single Family      Owner occupied           115000    360
819733     10.74        8   6 Month LIBOR       2243.68       4/16/29     Single Family      Owner occupied           283000    360
819742      9.75      7.5   6 Month LIBOR        632.34       4/16/29     Single Family      Owner occupied            92000    360
819747     10.74        8   6 Month LIBOR       1049.32       4/21/29     Single Family      Owner occupied           125000    360
819757       9.5      7.5   6 Month LIBOR        764.76       4/16/29     Single Family      Owner occupied           107000    360
819779      10.5      7.5   6 Month LIBOR         567.6       4/30/29     Single Family      Owner occupied            73000    360
819783     10.99        8   6 Month LIBOR       1059.57       5/14/29     Single Family      Owner occupied           131000    360
819821       9.4     8.25   6 Month LIBOR       1247.02       4/30/29     Single Family      Owner occupied           176000    360
819822       6.8      6.7   6 Month LIBOR         710.6       4/19/29     Single Family      Owner occupied           156000    360
819850     11.19     7.75   6 Month LIBOR       1940.18       4/12/29     Single Family      Owner occupied           223000    360
819852     12.88     8.25   6 Month LIBOR        960.82       4/29/29     Single Family      Owner occupied           110000    360
819862     10.99      7.5   6 Month LIBOR       1139.98       5/11/29     Single Family      Owner occupied           141000    360
819874      9.75     7.25   6 Month LIBOR        515.49       4/27/29     Single Family      Owner occupied           144052    360
819879      8.99      8.5   6 Month LIBOR        955.04       4/21/29     Single Family      Owner occupied           132000    360
819885     10.75        8   6 Month LIBOR        561.96       4/23/29     Single Family      Owner occupied            67000    360
819904     10.37     7.87   6 Month LIBOR        768.51       6/30/29     Single Family      Owner occupied           105000    360
819928      9.75      7.5   6 Month LIBOR        494.87        5/3/29     Single Family      Owner occupied            72000    360
819932     11.99        9   6 Month LIBOR        764.72       4/15/29     Single Family      Owner occupied            93000    360
819938     11.24     8.25   6 Month LIBOR        902.57        5/3/29     Single Family      Owner occupied           125000    360
819974     12.49      9.5   6 Month LIBOR       1015.82       5/17/29     Single Family      Owner occupied           127000    360

                                      I-B-10

(table continued)

Loan     Borr Name             Address                        City              Zip       State   Lien   LTV            Curr Bal
No                                                                              Code              Posi-
                                                                                                  tion

819984   COUSINO                5828  CORDUROY RD             OREGON            43616     OH      1      89.85472432     83046.66
819987   SPEAR                 14725  W 128TH ST              OLATHE            66062     KS      1      79.87116271    235424.87
819998   TINCHER                1085  ATLAS CIR               LAFAYETTE         80026     CO      1      89.80521801     189384.3
820002   WILLIAMS              12716  S DARNELL               OLATHE            66062     KS      1      83.20614545    274364.74
820008   WATSON                 4508  POTTERY PL              DESTIN            32541     FL      1       79.8889402    509644.05
820009   ROWEN                  2670  S HOYT CT               DENVER            80227     CO      1         77.11565    123310.45
820027   KENNEDY               28406  STUART AVE              SOUTHFIELD        48076     MI      1      89.81677692    116648.31
820034   MILLER                16013  -15 NELAMERE            EAST CLEVELAND    44112     OH      1      79.87788095     67044.75
820074   CAPO                   5711  SW 24TH AVE             FORT LAUDERDALE   33312     FL      1      79.79851304     91668.95
820082   VALVERDE               3720  W 47TH AVE              DENVER            802111106 CO      1      65.46076074    106625.07
820123   SOLOMONS              18433  MUIRLAND                DETROIT           48221     MI      1      79.82002242    177916.38
820143   LESTER                  312  WALNUT BEND DR          MIDLOTHIAN        23112     VA      1      84.81794037    184821.69
820144   DUVALL                10323  HICKORY HILL RD         ASHLAND           23005     VA      1      84.92840625    135768.93
820146   TAYLOR                 3581  -83 INGLESIDE RD        SHAKER HEIGHTS    44122     OH      1      88.44883544    139685.14
820157   WHELCHEL               3008  BRICK ST                NILES             49120     MI      1      89.83659763     60706.84
820160   PAGE                   1300  SE PRINCETON DR         LEES SUMMIT       64063     MO      1          89.8534    143717.17
820177   CANDIS                 1407  TILLER WAY              VALRICO           33594     FL      1      89.55670804    109253.22
820179   RENFROE                6867  GLEN COVE LN            STONE MOUNTAIN    30087     GA      1      84.87709639     211265.7
820197   COSTIGAN               1616  KINGWAY                 OAK GROVE         64075     MO      1       79.8440052     61338.62
820228   HOUSTON                4832  PINE AVE                HAMMOND           46327     IN      1      89.85751807     74522.99
820267   SEGARRA                6738  NW 188TH TERR           MIAMI             33015     FL      1      89.84655556     80791.31
820296   CORLEY                 2013  SUNNY LN                KNOXVILLE         37912     TN      1      89.89428571     69176.68
820327   ORTBERG                4221  O'CONNELL ST            ROCKFORD          61109     IL      1      79.84738095     67051.76
820343   SANCHEZ                 280  S DEPEW ST              LAKEWOOD          80226     CO      1      84.84443226    131447.34
820354   NEWTON                 7616  JOHNSON SCHOOL RD       LOUISVILLE        40291     KY      1      89.82042857     94214.92
820364   COON                   5508  EDGEWATER DR            TOLEDO            43611     OH      1      79.89956989     74242.98
820365   WILSON\THORNBUR         224  WINDING WAY             WILMORE           40390     KY      1      89.77005848      76715.9
820393   STROUB                       RR 8 PO BOX  128        CYNTHIANA         41031     KY      1      89.88303077    116809.01
820401   BROWN                 31378  ST RT 31                RICHWOOD          43344     OH      1      89.91217931     130286.4
820455   QUINTANA               1149  LONGDON ST              LONGMONT          80501     CO      1       84.8524854    101692.98
820487   MIFTARI                2905  PAYNE RD                DES MOINES        50309     IA      1      89.80084168     44764.86
820492   JONES\DARBY            1123  13TH AVE                LAUREL            39440     MS      1      86.52756667     51866.46
820507   LEVY                   6801  NW 34TH ST              MARGATE           33063     FL      1      89.92402747    163591.71
820537   WOODS                 11517  SOMERSET AVE            DETROIT           48224     MI      1      89.86234568        72760
820538   GEERS                   224  RICHMOND AVE            NICHOLASVILLE     40356     KY      1         69.85162     69813.81
820562   TILLARD                1905  S LEMAY AVE             FORT COLLINS      80525     CO      1      83.80162963    135677.02
820563   LANDRY                 2786  SE 14TH ST              POMPANO BEACH     33062     FL      1      89.80803692    291748.13
820565   HULME                  3540  PRIMROSE CT             LEES SUMMIT       64064     MO      1      79.77591271    250181.71
820582   CHRISTMAS             10614  S PEORIA                CHICAGO           60643     IL      1      74.82277907     64309.37
820604   GRZESKOWIAK           56177  TANGLEWOOD LANE         OSCEOLA           46561     IN      1      74.87873333     67316.71
820614   FRANKLIN                446  LYNNWAY DR              WINCHESTER        40391     KY      1      89.71244161    245690.64
820619   MACLEERY               2208  3RD AVE                 EAST BANK         25067     WV      1      60.33355224     40403.96
820620   MENZIES                 800  CLIFTON RIDGE           MC DONOUGH        30253     GA      1      89.93103817    117717.71
820628   ALI                       9  BELLEAU LAKE CT         O FALLON          63366     MO      1      79.90157509     65418.75
820633   HATCHER               16325  CLEARVIEW AVE SE        CLEVELAND         44120     OH      1      79.87089157     66265.46
820705   HONG                  11504  SE 178TH PL             RENTON            98055     WA      1      79.78874219    102060.84
820737   TUCKER                10410  DEEPBROOK DR            RIVERVIEW         33569     FL      1      79.84853913     91781.39
820742   BROTHERSON\TAYL        7510  LAKE RD                 PLATTE WOODS      64151     MO      1      79.13111579    151708.71
820747   ALTIDOR                1371  NW 32ND ST              MIAMI             33142     FL      1      84.86886585     69537.25
820790   KIFER                   387  ROSS RD                 COLUMBUS          43213     OH      1          79.8407     71820.07
820802   JATERKA                 257  ALSACE AVE              VENICE            34293     FL      1       74.9231413     68881.04

                                     I-B-11

(table continued)

Loan       APR     Margin    Index Name        Curr Pmt   Maturity Dt    Property Type      Occ Status               Appr      Orig
No                                                                                                                    Val       Ter

819984     10.49      7.5   6 Month LIBOR         760.9       4/20/29     Single Family      Owner occupied            92500    360
819987      10.5      7.5   6 Month LIBOR       2158.78       4/21/29     Single Family      Owner occupied           295000    360
819998       9.1      6.5   6 Month LIBOR       1541.66       5/21/29     Single Family      Owner occupied           211000    360
820002     10.75     8.25   6 Month LIBOR       2567.07       4/14/29     Single Family      Owner occupied           330000    360
820008      10.1      7.5   6 Month LIBOR        4522.2       4/20/29     Single Family      Owner occupied           638800    360
820009       8.7      7.5   6 Month LIBOR        969.13       4/19/29     Single Family      Owner occupied           160000    360
820027      9.75        8   6 Month LIBOR       1005.21       4/21/29     Single Family      Owner occupied           130000    360
820034     10.75        9   6 Month LIBOR         627.3       4/21/29     Single Family      Owner occupied            84000    360
820074      9.25      7.5   6 Month LIBOR        756.86       4/20/29     Single Family      Owner occupied           115000    360
820082      7.85     7.25   6 Month LIBOR        773.97       5/10/29     Single Family      Owner occupied           163000    360
820123        10      7.5   6 Month LIBOR       1565.59       4/27/29     Single Family      Owner occupied           223000    360
820143     10.23     7.75   6 Month LIBOR       1657.72       4/30/29     Single Family      Owner occupied           223000    360
820144     10.25     7.75   6 Month LIBOR        1218.7        6/4/29     Single Family      Owner occupied           160000    360
820146        10     8.25   6 Month LIBOR        1228.6        5/4/29     Multiple Family    Owner occupied           158000    360
820157        11        8   6 Month LIBOR        579.39       4/22/29     Manufactured       Owner occupied            68000    360
820160      11.5      7.5   6 Month LIBOR       1426.02       4/23/29     Single Family      Owner occupied           161000    360
820177      9.75        8   6 Month LIBOR        943.35       4/22/29     Single Family      Owner occupied           123000    360
820179        11     8.25   6 Month LIBOR       2015.59        5/3/29     Single Family      Owner occupied           249000    360
820197       9.6      7.5   6 Month LIBOR        521.79       4/26/29     Single Family      Owner occupied            76900    360
820228     10.74        8   6 Month LIBOR        696.75       4/29/29     Single Family      Owner occupied            83000    360
820267     10.25        8   6 Month LIBOR        725.84       4/23/29     Single Family      Owner occupied            90000    360
820296     11.95     8.25   6 Month LIBOR        710.16       4/30/29     Single Family      Owner occupied            77000    360
820327     11.99      8.5   6 Month LIBOR         690.2       5/11/29     Single Family      Owner occupied            84000    360
820343       9.9     7.75   6 Month LIBOR       1146.48        5/3/29     Single Family      Owner occupied           155000    360
820354      9.49        8   6 Month LIBOR        793.92       4/30/29     Single Family      Owner occupied           105000    360
820364      10.3      7.5   6 Month LIBOR        669.47       5/25/29     Single Family      Owner occupied            93000    360
820365      9.75      8.5   6 Month LIBOR        661.12        5/3/29     Single Family      Owner occupied            85500    360
820393     11.49      7.5   6 Month LIBOR       1157.75       5/17/29     Single Family      Owner occupied           130000    360
820401      11.5      7.5   6 Month LIBOR       1292.33        5/5/29     Single Family      Owner occupied           145000    360
820455     10.15     7.75   6 Month LIBOR        905.69       5/14/29     Single Family      Owner occupied           120000    360
820487       9.5     7.75   6 Month LIBOR        377.54       4/30/29     Single Family      Owner occupied            50000    360
820492      9.75        7   6 Month LIBOR        446.76       5/20/29     Single Family      Owner occupied            64000    360
820507     10.24        8   6 Month LIBOR        1466.6       7/15/29     Single Family      Owner occupied           182000    360
820537     10.74        8   6 Month LIBOR        679.96        5/4/29     Single Family      Owner occupied            81000    360
820538       9.2     7.95   6 Month LIBOR        573.34       5/14/29     Single Family      Owner occupied           100000    360
820562      8.65     6.75   6 Month LIBOR       1060.21        6/3/29     Single Family      Owner occupied           162000    360
820563     10.25        8   6 Month LIBOR        2621.1       4/30/29     Single Family      Owner occupied           325000    360
820565        10      8.5   6 Month LIBOR       2203.76       4/30/29     Single Family      Owner occupied           313900    360
820582      8.75     7.25   6 Month LIBOR        507.42       5/11/29     Single Family      Owner occupied            86000    360
820604       9.1      6.5   6 Month LIBOR        547.98       5/17/29     Single Family      Owner occupied            90000    360
820614      9.75        8   6 Month LIBOR       2118.67       4/23/29     Single Family      Owner occupied           274000    360
820619      9.75     6.75   6 Month LIBOR        347.96       5/24/29     Single Family      Owner occupied            67000    360
820620     10.69     8.25   6 Month LIBOR       1095.26       6/29/29     Single Family      Owner occupied           131000    360
820628     11.74      7.5   6 Month LIBOR        660.86        5/6/29     Single Family      Owner occupied            82000    360
820633     10.49     8.25   6 Month LIBOR        606.89        5/3/29     Single Family      Not Owner                 83000    360
                                                                                             occupied
820705      8.13     6.25   6 Month LIBOR        760.68       5/24/29     Single Family      Owner occupied           128000    360
820737      9.74     7.75   6 Month LIBOR        789.75        5/4/29     Single Family      Not Owner                115000    360
                                                                                             occupied
820742     10.75        8   6 Month LIBOR       1418.89       5/24/29     Single Family      Owner occupied           190000    360
820747      10.7     7.75   6 Month LIBOR        648.02       4/30/29     Single Family      Owner occupied            82000    360
820790       9.5     7.25   6 Month LIBOR        605.42        5/5/29     Single Family      Owner occupied            90000    360
820802     11.24     7.25   6 Month LIBOR        669.65       5/21/29     Single Family      Owner occupied            92000    360

                                      I-B-11

(table continued)

Loan     Borr Name             Address                        City              Zip       State   Lien   LTV            Curr Bal
No                                                                              Code              Posi-
                                                                                                  tion

820821   ROBBINS                7051  WARREN DR               DENVER            80221     CO      1      46.70858273     64810.25
820828   AKERS                  4110  MINNESOTA AVE           SAINT LOUIS       63118     MO      1      74.83496471     63580.93
820841   NORTHERN               2225  BOX ANGLE RD            RICHMOND          40475     KY      1      79.89279144     74674.11
820846   ALLEN                  2001  RIDGESTONE CT           RICHMOND          23233     VA      1      79.89601935    123797.57
820891   PREASE PEASE\GO         106  WINGATE RD              GREENVILLE        29605     SC      1      89.91264892     70917.72
820959   SANTIAGO               2425  E 33RD ST               LORAIN            44055     OH      1       74.9409625     59886.55
820974   DEWALT                 3735  BRADFORD WALK TRL       BUFORD            30519     GA      1      89.89670588    122164.22
820980   TERRELL                 123  COACH DR                GRIFFIN           30224     GA      1       84.8821824    106469.27
820984   CARTER                  100  LOCKSLEY PL             FOREST            24551     VA      1      84.85953182    186612.04
820990   TAYLOR                  221  NUTLEY ST               VIENNA            22180     VA      1      79.81386538    207392.85
820998   MORRIS                 2140  REYBURN RD              CLEVELAND HEIGHTS 44112     OH      1      84.84770803    116188.11
821014   NIELSEN                4510  LOSE RD                 MONCLOVA          43542     OH      1           89.873    130190.58
821032   BATES                  6679  ORMANDA DR              KALAMAZOO         49004-    MI      1      79.92239259    107895.23
821041   CLARK                  3318  BISCAYNE BLVD           ARNOLD            63010     MO      1           89.873     75457.18
821048   OCLOO                  8418  MAPLE AVE               GARY              46403     IN      1      79.91801064     75096.76
821051   LEWIS                   325  N MAIN ST               STATESBORO        30458     GA      1      79.88973404     75074.06
821056   PESTANA                5935  SWOFFIELD DR            ORLANDO           32812     FL      1      89.93016418     60237.29
821120   GOSCILA\PREVITA        1326  W CLEAR SPRING DR       GILBERT           85233     AZ      1        74.933525    149821.85
821124   HILES                  7519  W MCRAE WAY             GLENDALE          85308     AZ      1      84.93430894    104428.27
821131   MARTINEZ               5351  WYANDOT ST              DENVER            80221     CO      1      74.32607407    110314.67
821173   BREITSTEIN             4557  N CAREFREE CIR          COLORADO SPRINGS  80917     CO      1      84.83607576     55968.34
821187   AUSTIN                   64  S FREMONT ST            PERU              46970     IN      1      79.85632836      53479.2
821191   FRANKLIN              11453  DOUGLAS RD              IDA               48140     MI      1      60.19313773    163350.03
821224   PFEIFFER               1270  ANTHONY LN              MASON             45040     OH      1      89.92181116    104727.94
821228   TOLES                  8428  S KENWOOD               CHICAGO           60619     IL      1      89.96226119     120395.1
821232   PICKERILL                    US HWY 460 W            EZEL              41425     KY      1      74.90980531    126920.27
821234   JACKSON                8676  W 86TH CT               WESTMINSTER       80005     CO      1      42.56305426     54874.65
821266   BROOKER                1807  N JENNINGS RD           INDEPENDENCE      64058     MO      1      84.80079365     53373.14
821278   KUBOVCIK KUBOVC         822  REAR COWAN ST           JEANNETTE         15644     PA      1           89.873     44914.99
821323   DY                      115  OLD HAWKINSVILLE RD     WARNER ROBINS     31088     GA      1      84.90313534    112877.46
821340   COPELAND               1216  CLIFF DR                FESTUS            63028     MO      1      84.87029276      55059.3
821349   HOGGARTH              25353  KINYON AVE              TAYLOR            48180     MI      1      65.92716705      85585.1
821369   KOONS                   605  16TH AVE WEST           PALMETTO          34221     FL      1      89.86083333     80842.74
821391   BUCHALLA BUCHAL         919  TIMBER CT               LONGMONT          80501     CO      1      79.89064686    120978.19
821400   HUMPHREY               3843  MAC NICHOLAS AVE        CINCINNATI        45236     OH      1      84.84769369     94137.79
821411   ARMSTRONG              3880  HELMKAMPF DR            FLORISSANT        63033     MO      1      89.90625397    113222.28
821419   REYES                  1054  N KEYSTONE              CHICAGO           60651     IL      1      56.14413514     41528.58
821440   JABBARI                 306  S FREMONT AVE           TAMPA             33606     FL      1      79.81031765    203516.31
821444   MITCHELL II           10604  SHALE AVENUE            CLEVELAND         44104-    OH      1         79.90685     63906.18
821459   WARMACK                6744  S PERRY                 CHICAGO           60621     IL      1      89.86612069     52096.06
821472   HOLDEN                 3316  JOHNSON RD              PETERSBURG        23805     VA      1      74.90154615     97328.63
821475   CHAMBLISS              1504  REGENCY CT              PETERSBURG        23803     VA      1      70.33328696     80843.75
821480   SESSOM                  750  LELAND AVE              SOUTH BEND        46616     IN      1      79.91705882     54330.52
821513   OSBORN                 1220  N PONCA DR              INDEPENDENCE      64056     MO      1      79.36722727     87221.47
821518   GOODSON               14431  HAZELRIDGE ST           DETROIT           48205     MI      1      74.97849231     24353.81
821557   LAWRENCE              13302  PALMER                  GRANDVIEW         64030     MO      1      84.97130682     74697.57
821574   MANNS\JOHNSON          3578  HAZELWOOD AVE           MEMPHIS           381221228 TN      1      84.87955738     51751.64
821600   SWIBES                   51  GLENDALE PARK           HAMMOND           46320     IN      1        79.880764    199600.97
821671   JOHNSON                2004  SHORE DR                HURON             44839     OH      1      84.89778814    100138.48
821695   WINTER                 1585  E 96TH PL               DENVER            80229     CO      1      79.92344474    148113.69
821704   HOOD                  13697  LINNHURST ST            DETROIT           48205     MI      1      83.47912329     60909.28
821705   AVERY                 55225  BUCKHORN RD             THREE RIVERS      49093     MI      1      79.92655844     61504.82

                                     I-B-12

(table continued)

Loan       APR     Margin    Index Name        Curr Pmt   Maturity Dt    Property Type      Occ Status               Appr      Orig
No                                                                                                                    Val       Ter

820821      8.75      7.5   6 Month LIBOR        511.36       5/21/29     Single Family      Owner occupied           139000    360
820828      10.1     7.85   6 Month LIBOR        564.17       5/11/29     Multiple Family    Owner occupied            85000    360
820841     11.35     7.25   6 Month LIBOR        732.19       5/10/29     Single Family      Owner occupied            93500    360
820846     11.49      8.5   6 Month LIBOR       1227.02        5/5/29     Single Family      Owner occupied           155000    360
820891      11.5      9.5   6 Month LIBOR        703.21       6/17/29     Single Family      Owner occupied            79000    360
820959     10.99     7.25   6 Month LIBOR        570.94       5/26/29     Single Family      Owner occupied            80000    360
820974     10.74     7.75   6 Month LIBOR       1141.66       5/26/29     Single Family      Owner occupied           136000    360
820980      9.85     7.25   6 Month LIBOR        924.71       5/17/29     Single Family      Owner occupied           130000    360
820984     10.38     6.75   6 Month LIBOR       1693.81        5/7/29     Single Family      Owner occupied           220000    360
820990      8.75     6.75   6 Month LIBOR       1636.34       5/21/29     Single Family      Owner occupied           260000    360
820998        10     7.25   6 Month LIBOR       1021.93       5/19/29     Single Family      Owner occupied           137000    360
821014      9.75        7   6 Month LIBOR        1121.2       5/13/29     Single Family      Owner occupied           145000    360
821032     11.49      7.5   6 Month LIBOR       1068.69        6/8/29     Single Family      Owner occupied           135000    360
821041      9.75     7.25   6 Month LIBOR        649.52       6/11/29     Single Family      Owner occupied            84000    360
821048     11.24        8   6 Month LIBOR        729.82        6/7/29     Single Family      Owner occupied            94000    360
821051     11.74     7.25   6 Month LIBOR         758.5       5/14/29     Single Family      Owner occupied            94000    360
821056      12.5      7.5   6 Month LIBOR        643.56       6/16/29     Single Family      Owner occupied            67000    360
821120      11.9     8.25   6 Month LIBOR       1531.38        6/8/29     Single Family      Owner occupied           200000    360
821124     10.65        8   6 Month LIBOR         968.1       7/27/29     Single Family      Owner occupied           123000    360
821131       9.5     7.75   6 Month LIBOR        933.35       5/17/29     Single Family      Owner occupied           148500    360
821173     10.45      9.5   6 Month LIBOR        511.07       6/14/29     Single Family      Owner occupied            66000    360
821187      9.99      7.5   6 Month LIBOR        469.98       5/19/29     Single Family      Owner occupied            67000    360
821191      9.85      6.5   6 Month LIBOR       1416.74       8/12/29     Single Family      Owner occupied           275000    360
821224     11.99      9.5   6 Month LIBOR       1077.69       6/25/14     Single Family      Owner occupied           116500    180
821228     10.25      7.5   6 Month LIBOR        1080.7        6/9/29     Single Family      Owner occupied           134000    360
821232      10.5      7.5   6 Month LIBOR       1162.86        6/4/29     Single Family      Owner occupied           170000    360
821234      8.85     6.25   6 Month LIBOR        436.62       6/15/29     Single Family      Owner occupied           129000    360
821266      9.75        7   6 Month LIBOR        459.65       5/24/29     Single Family      Owner occupied            63000    360
821278      9.75        7   6 Month LIBOR        386.62       6/14/29     Single Family      Owner occupied            50000    360
821323     10.75        8   6 Month LIBOR        1055.3        6/3/29     Single Family      Owner occupied           139000    360
821340     10.75     6.75   6 Month LIBOR        514.95       5/14/29     Single Family      Owner occupied            64900    360
821349      8.39      6.2   6 Month LIBOR        653.05       6/14/29     Single Family      Owner occupied           132000    360
821369     10.69      7.5   6 Month LIBOR        752.47       5/18/14     Single Family      Owner occupied            90000    180
821391       9.9      6.5   6 Month LIBOR       1054.67        6/2/29     Single Family      Owner occupied           152000    360
821400        10      7.5   6 Month LIBOR        827.99       5/13/29     Single Family      Owner occupied           111000    360
821411      9.25        7   6 Month LIBOR        932.91       7/20/29     Single Family      Owner occupied           126000    360
821419      10.2     6.75   6 Month LIBOR        371.23        6/1/29     Multiple Family    Owner occupied            74000    360
821440      9.75     7.25   6 Month LIBOR       1752.68       5/20/29     Single Family      Owner occupied           255000    360
821444     11.99     8.25   6 Month LIBOR        657.82       5/24/29     Multiple Family    Owner occupied            80000    360
821459       9.5        8   6 Month LIBOR        438.93        6/3/29     Single Family      Owner occupied            58000    360
821472     10.09     7.75   6 Month LIBOR        862.12        6/8/29     Single Family      Owner occupied           130000    360
821475      9.65     6.75   6 Month LIBOR        689.97        6/1/29     Single Family      Owner occupied           115000    360
821480     12.99     7.75   6 Month LIBOR        601.35       5/20/29     Single Family      Owner occupied            71000    360
821513      10.5     6.75   6 Month LIBOR        804.97       5/27/29     Single Family      Owner occupied           110000    360
821518     11.99     7.25   6 Month LIBOR        250.54       7/12/29     Single Family      Owner occupied            32500    360
821557     11.25     7.75   6 Month LIBOR         726.5       6/23/29     Single Family      Owner occupied            88000    360
821574      9.73        7   6 Month LIBOR        444.71        6/3/29     Single Family      Owner occupied            61000    360
821600      9.49      7.5   6 Month LIBOR       1680.25       6/15/29     Single Family      Owner occupied           250000    360
821671      10.5        7   6 Month LIBOR        917.48       6/18/29     Single Family      Owner occupied           118000    360
821695      9.65      7.5   6 Month LIBOR        1264.1        6/3/29     Single Family      Owner occupied           185500    360
821704       9.5      6.5   6 Month LIBOR        512.92       7/20/29     Single Family      Owner occupied            73000    360
821705     11.74      7.5   6 Month LIBOR        621.32       5/24/29     Single Family      Owner occupied            80000    360

                                      I-B-12

(table continued)

Loan     Borr Name             Address                        City              Zip       State   Lien   LTV            Curr Bal
No                                                                              Code              Posi-
                                                                                                  tion

821708   HOLT                    321  SW 8TH ST               DELRAY BEACH      33444     FL      1      84.96503846     66189.49
821723   LAWSON                12810  BENWOOD AVE             CLEVELAND         44105     OH      1         79.88688     59886.42
821735   CLEMONS                4501  BRITTANY LN             CRESTWOOD         40014     KY      1      89.88556357    261340.23
821739   BARRIO                 6169  W HUBBELL ST            PHOENIX           85035     AZ      1      89.82521053     68231.76
821748   RICCIO                 3162  GREENBRIAR CT           BUFORD            30519     GA      1      79.92256805    135024.68
821758   WHITTINGTON            9483  W KEITH DR              COLUMBUS          47203     IN      1            89.87    107793.07
821784   ADAMS                  5195  TALLOW WOOD CT          ORLANDO           32808     FL      1      89.87930654     113952.6
821788   KINDRED                4292  VAN BUREN ST            GARY              46408     IN      1        89.911125     57485.33
821799   POZEN                 42934  PEARSON RANCH LOOP      PARKER            80134     CO      1      74.89881481    262715.48
821822   VITTORI                5545  S NEWLAND AVE           CHICAGO           60616     IL      1      74.94912308    194732.94
821832   FISHGOLD              15219  S 45TH PL               PHOENIX           85044     AZ      1      89.80723221    114800.63
821919   KILLIAN                4350  GRAY ST                 WHEAT RIDGE       80212     CO      1      74.95340299    100405.88
821932   TACKETT                6034  HILLIARD ST             LANSING           48911     MI      1      79.92308451     56693.91
821948   ROBINSON               2318  EMERSON                 EVANSTON          60201     IL      1        79.570225    127248.81
821959   GILLIARD              17516  64TH PL N               LOXAHATCHEE       33470     FL      1       79.8805102      78282.9
821971   WASHINGTON             1009  E 34TH ST               LORAIN            44055     OH      1       84.9175493     60271.57
821986   ELAWI                  7444  ABINGTON                DETROIT           48228     MI      1      79.90883696     73487.67
822054   SCHUTTE                 285  MT EVEREST              FENTON            63026     MO      1      79.92256667     95875.51
822060   SCHUTTE                 314  MT EVEREST              FENTON            63026     MO      1      79.92256667     95875.51
822062   LEWIS                  8760  DEARDOFF RD             FRANKLIN          45005     OH      1      74.65524783    171607.98
822065   CREMEANS\BEATTY         726  LOVERS LN               AKRON             44306     OH      1      79.94572308     51928.77
822080   REDD                    712  -714 WESTWOOD AVE       DAYTON            45407     OH      1      74.85867797     44126.72
822095   REED                         RR 2 BOX 312A           MORRISDALE        16858     PA      1      79.97208633     49987.13
822100   PEREZ                  5366  LIGHT CIRCLE            NORCROSS          30071     GA      1      79.83525949    126068.58
822109   AMOS                    288  GRANT ST                GENEVA            44041     OH      1      74.88247222     53886.74
822110   AMOS                    291  VINE ST                 GENEVA            44041     OH      1        79.886875     57490.96
822135   GREER                   485  DOMINICAN DR            LEXINGTON         40511     KY      1      79.92876563     51108.06
822147   TOWNSEND              10633  W CARLOTA LN            PEORIA            85382     AZ      1      89.87016578    131881.08
822162   LINDQUIST              3389  BRIAN RD S              PALM HARBOR       34685     FL      1      74.89682902    144483.41
822203   EYLANDER              15227  CLARK ST                SOUTH HOLLAND     60473     IL      1      84.88603261     78059.61
822219   REICHLEY              20506  STATE RT 68             ARLINGTON         45814     OH      1      83.58193333     75146.28
822240   HALL                   1349  WINBURN DR              EAST POINT        30344     GA      1      84.91307692     66209.18
822269   NOYES                  1002  BEDFORD LN              BALLWIN           63011     MO      1        79.892945    159713.33
822330   MULLINS                 505  AJAX HOLLOW RD          BULAN             41722     KY      1      89.91986154     58394.95
822331   MONROE                 2004  BANKS WAY               ATLANTA           30349     GA      1      89.92004516    139250.06
822332   GLASS                  2104  OTIS AVE                WARREN            48091     MI      1       84.9221262     61888.93
822333   FRANKLIN              10915  E 98TH TERR             KANSAS CITY       64134     MO      1      84.85242581    131463.47
822366   ARTHUR                 1314  OAK ST                  MICHIGAN CITY     46360     IN      1      89.93029987     68923.26
822381   REED                   1201  PRINCE DR               BRANDON           39042     MS      1      79.51888205     77495.94
822438   BEVERLY                 113  S WAVE                  WILLARD           44890     OH      1      88.92934936      62795.9
822462   YANCEY                23722  RIVER RD                PETERSBURG        23803     VA      1      79.93735333    119874.27
822464   CHANDLER              22576  W ESPLANADA CIR         BOCA RATON        33433     FL      1      74.91157612    250653.28
822485   SEARS                 15009  FLANDERS                DETROIT           48205     MI      1      74.96133846      48699.2
822504   STAPLETON              2616  SHACONAGE TRL           SEVIERVILLE       37862     TN      1      79.92876887    169372.54
822505   KING                    871  BRISTOL WAY             LITHONIA          30058     GA      1      84.94833628     95932.09
822508   WILDE                  1925  FLETCHER ST             HOLLYWOOD         33020     FL      1        79.762425     127558.3
822513   WILDE                   501  N 24TH AVE              HOLLYWOOD         33020     FL      1      79.75085455     87683.49

                                     I-B-13

(table continued)

Loan       APR     Margin    Index Name        Curr Pmt   Maturity Dt    Property Type      Occ Status               Appr      Orig
No                                                                                                                    Val       Ter

821708     10.34      7.5   6 Month LIBOR        598.56       6/23/29     Single Family      Owner occupied            78000    360
821723      9.74     7.25   6 Month LIBOR        515.05        6/4/29     Single Family      Not Owner                 76000    360
                                                                                             occupied
821735     10.24     7.25   6 Month LIBOR       2344.94       5/21/29     Single Family      Owner occupied           291000    360
821739       9.4      7.5   6 Month LIBOR        570.16        6/2/29     Single Family      Owner occupied            76000    360
821748      11.5     7.75   6 Month LIBOR       1338.87        6/3/29     Single Family      Owner occupied           169000    360
821758      9.75      7.5   6 Month LIBOR        927.89        6/9/29     Single Family      Owner occupied           120000    360
821784      9.99      7.5   6 Month LIBOR       1001.43       5/28/29     Single Family      Owner occupied           127000    360
821788       9.5        7   6 Month LIBOR        484.33       6/22/29     Single Family      Owner occupied            64000    360
821799      7.99     7.38   6 Month LIBOR        1929.8       7/20/29     Single Family      Owner occupied           351000    360
821822     11.25      9.5   6 Month LIBOR       1893.96       6/14/29     Single Family      Owner occupied           260000    360
821832      9.15      7.5   6 Month LIBOR        938.65       5/28/29     Single Family      Owner occupied           133000    360
821919     11.65     7.25   6 Month LIBOR       1006.76        7/2/29     Single Family      Owner occupied           134000    360
821932      9.99      6.5   6 Month LIBOR        498.04       6/18/29     Single Family      Owner occupied            71000    360
821948      9.55      7.5   6 Month LIBOR       1076.74       6/15/29     Single Family      Owner occupied           160000    360
821959     10.85     6.75   6 Month LIBOR        737.75        6/7/14     Single Family      Owner occupied            98000    180
821971     11.49      7.5   6 Month LIBOR        597.18       6/22/29     Single Family      Owner occupied            71000    360
821986     10.75      7.5   6 Month LIBOR        687.04       6/16/29     Single Family      Owner occupied            92000    360
822054      11.5     7.75   6 Month LIBOR        950.68        6/7/29     Multiple Family    Not Owner                120000    360
                                                                                             occupied
822060      11.5     7.75   6 Month LIBOR        950.68        6/7/29     Multiple Family    Not Owner                120000    360
                                                                                             occupied
822062      8.85        7   6 Month LIBOR       1365.43       6/21/29     Single Family      Owner occupied           230000    360
822065     11.25        9   6 Month LIBOR        505.06       6/14/29     Single Family      Owner occupied            65000    360
822080      10.1     7.75   6 Month LIBOR         391.6       5/28/29     Multiple Family    Not Owner                 59000    360
                                                                                             occupied
822095      11.1      7.5   6 Month LIBOR        480.33       7/28/29     Single Family      Owner occupied            62550    360
822100      8.99      7.5   6 Month LIBOR       1016.13       6/15/29     Single Family      Owner occupied           158000    360
822109      9.25        7   6 Month LIBOR        444.24       6/30/29     Single Family      Not Owner                 72000    360
                                                                                             occupied
822110      9.74     7.25   6 Month LIBOR        494.45       6/30/29     Single Family      Not Owner                 80000    360
                                                                                             occupied
822135      9.99      7.5   6 Month LIBOR        448.94       6/18/14     Single Family      Owner occupied            64000    180
822147      9.65      7.5   6 Month LIBOR       1125.56       6/15/29     Single Family      Owner occupied           146818    360
822162      9.87      9.5   6 Month LIBOR        1256.4       6/18/29     Single Family      Owner occupied           193000    360
822203      9.99        8   6 Month LIBOR        685.68       6/14/29     Single Family      Owner occupied            92000    360
822219      9.38     6.75   6 Month LIBOR        626.58       6/15/29     Single Family      Owner occupied            90000    360
822240     11.25      7.5   6 Month LIBOR        643.95        6/9/29     Single Family      Not Owner                 78000    360
                                                                                             occupied
822269        10      7.5   6 Month LIBOR       1404.11       6/15/29     Single Family      Owner occupied           200000    360
822330      9.99     7.25   6 Month LIBOR        512.95       6/21/29     Single Family      Owner occupied            65000    360
822331        10      7.5   6 Month LIBOR       1224.21       6/24/29     Multiple Family    Owner occupied           155000    360
822332     11.75     7.25   6 Month LIBOR        625.48       6/21/29     Single Family      Owner occupied            73000    360
822333      10.2     7.35   6 Month LIBOR       1175.72       6/21/29     Single Family      Owner occupied           155000    360
822366     10.74     7.25   6 Month LIBOR        643.86       6/17/29     Single Family      Owner occupied            82000    360
822381      9.99      7.5   6 Month LIBOR        680.42       7/28/29     Single Family      Owner occupied            99000    360
822438     10.49      7.5   6 Month LIBOR        575.11       6/28/29     Single Family      Owner occupied            70700    360
822462     12.49     7.75   6 Month LIBOR       1279.78       6/11/29     Single Family      Owner occupied           150000    360
822464      8.65        7   6 Month LIBOR       1958.67       6/25/29     Single Family      Owner occupied           340000    360
822485     12.49      7.5   6 Month LIBOR        519.91       6/16/29     Single Family      Owner occupied            65000    360
822504      9.99      7.5   6 Month LIBOR       1487.11        7/7/29     Single Family      Owner occupied           215000    360
822505     11.75      8.5   6 Month LIBOR        969.54       6/21/29     Single Family      Owner occupied           116000    360
822508      9.85     7.75   6 Month LIBOR       1109.13       6/16/29     Multiple Family    Not Owner                160000    360
                                                                                             occupied
822513      9.85     7.75   6 Month LIBOR        762.53       6/16/29     Multiple Family    Not Owner                113000    360
                                                                                             occupied

                                      I-B-13

(table continued)

Loan     Borr Name             Address                        City              Zip       State   Lien   LTV            Curr Bal
No                                                                              Code              Posi-
                                                                                                  tion

822528   TEEVAN                 5706  NE SAPPHIRE PL          LEES SUMMIT       64064     MO      1      89.96611744    252611.81
822532   WALL                   3891  F BIGHORN RD            VAIL              81657     CO      1      79.95621042    383578.05
822545   HARRELL                7508  GRAVES LN               CORRYTON          37721     TN      1      84.89755263     64495.73
822572   HUNLEY                 6913  CHIRONNA PL             NORFOLK           23518     VA      1      84.92418182    107331.76
822603   POE                    1178  PEABODY                 MEMPHIS           38104     TN      1      79.88101765    135729.24
822632   KNIGHT                 1547  S INDIAN CREEK DR       STONE MOUNTAIN    30083     GA      1      89.91111976    150000.78
822637   REID                   3625  BENCHMARK DR            ATLANTA           30349     GA      1      79.83425556     71800.45
822650   THOMAS                 1541  NW 3RD AVE              FORT LAUDERDALE   33311     FL      1      74.91453939    123561.14
822680   SIMMS                  3127  SAINT VINCENT           SAINT LOUIS       63104     MO      1      89.93194643     50342.58
822685   SALSBURY              10359  MONCLOVA RD             MONCLOVA          43542     OH      1      61.95367722     97771.97
822714   MARTIN                  124  MEIER RD                OLD MONROE        63369     MO      1      89.92419608    137466.05
822745   MERRITT               10409  -10411 SOUTH BLVD       CLEVELAND         44108     OH      1      70.49848529     47918.28
822758   BAZZOLI                5320  TALMADGE RD             TOLEDO            43623     OH      1      84.90804615     55169.95
822761   AMOS                    816  N STATE ST              PAINESVILLE       44077     OH      1      79.88686957      55095.5
822770   WILLIAMS               1135  ISLAND BLVD             LOWELL            46356     IN      1      79.95636842     45562.51
822771   WILLIAMS               1406  ISLAND BLVD             LOWELL            47943     IN      1      79.95336431     43002.18
822776   LENEA                 28781  N IVANHOE LN            MUNDELEIN         60060     IL      1      79.03569167     94789.65
822805   HOGELAND               3932  PEEL CASTLE LN          AUSTELL           30168     GA      1      89.89720588    152765.96
822827   VILUMS                 4595  WINTERSET DR            COLUMBUS          43220     OH      1      69.96734507     99259.75
822836   DONALDSON             11603  S ABERDEEN ST           CHICAGO           60643     IL      1        79.968144     99879.48
822850   LONG                    234  BEAM DR                 FRANKLIN          45005     OH      1      83.77951042     80355.46
822872   SOLIZ                  2643  VENICE AVE              DEARBORN          48124     MI      1               80     97154.56
822875   STEPHENS              10086  85TH WAY N              LARGO             33777     FL      1      89.87930851      84448.1
822916   SWINDELLS               111  COLINGTON DR            KILL DEVIL HILLS  27948     NC      1      74.94013636     82367.14
822942   WILLCUT                 107  MARSHALL ST             FREDERICKTOWN     63645     MO      1      89.90030303      74121.5
822958   CARLSON                1063  TATESBROOK DR           LEXINGTON         40517     KY      1      89.91567455     64587.75
823008   BEASLEY                1514  S NOBLE RD              CLEVELAND         44121     OH      1      88.34366337     89180.59
823034   KLEIN                  4628  N RUBEN CT              MONTICELLO        47960     IN      1      79.88076757    147704.73
823039   HALL                   8238  PARAMOUNT DR            SAINT LOUIS       63132     MO      1      79.96267123     58317.58
823061   ENGLISH                 661  HWY A                   HAWK POINT        63349     MO      1      70.78527778     63684.82
823087   CARROLL                3572  JOSEPHINE LN            MASON             48854     MI      1      86.92656216    160745.34
823103   FOX                    2406  W 17TH ST               PANAMA CITY       32405     FL      1      89.91112281     51197.86
823117   SHANKLIN              10422  CLEARVIEW AVE           BATON ROUGE       70811     LA      1      79.96453636     87921.66
823119   PETERSON               1001  SHARP DR                BIRMINGHAM        35235     AL      1      84.89215287     66611.64
823129   BRODY                   325  GIVENS ST               SARASOTA          34242     FL      1      84.95100904    281871.43
823177   SCURLOCK               1031  JOSEPH PL               MEMPHIS           38107     TN      1      79.96815094     42366.09
823216   MCCOY                        RT 7 BOX 21920          LOUISA            41230     KY      1      80.58079032     49939.87
823251   WRIGHT                 1764  BAYWOOD WAY             SARASOTA          34231     FL      1      84.93214884     91227.84
823259   DIXON                   501  14TH ST                 TELL CITY         47586     IN      1      89.92407692     58405.42
823265   WHITTMORE              8440  BENTON ST               ARVADA            80003     CO      1      70.85714286    123834.73
823311   SMITH                 13976  N 115TH ST              LONGMONT          80501     CO      1      63.91942667    191636.16
823312   BLUM                   1517  PARAMOUNT ST            NOVI              48377     MI      1      74.25278286    129825.67
823389   REYNOLDS                701  HERRINGTON WOODS        HARRODSBURG       40330     KY      1      76.86786154     49945.92
823398   HENDERSON              1042  BEMMINGTON AVE          MASSILLON         44646     OH      1      79.94807143    100701.66
823437   GAUDINO                3802  MINK RD                 SARASOTA          34235     FL      1      90.35538261    103867.02
823444   ADAMS                  2909  IVANHOE STREET          DENVER            80207     CO      1      79.94306612     96696.19
823505   LIPINSKI               6328  PINEFIELD DR            HILLIARD          43026     OH      1      89.96226471    152805.89
823529   PHAM                     72  JENNINGS                BATTLE CREEK      49015     MI      1      89.88995703    146430.74
823537   GILLESPIE               770  ROSEWALK DR             TAMASSEE          29686     SC      1      79.96637647    135827.06

                                     I-B-14

(table continued)

Loan       APR     Margin    Index Name        Curr Pmt   Maturity Dt    Property Type      Occ Status               Appr      Orig
No                                                                                                                    Val       Ter

822528     10.75        7   6 Month LIBOR       2360.77       7/16/29     Single Family      Owner occupied           281000    360
822532      8.99      8.5   6 Month LIBOR       3086.99       8/16/29     Single Family      Owner occupied           480000    360
822545     10.49      7.5   6 Month LIBOR        590.44       6/23/29     Single Family      Owner occupied            76000    360
822572      9.99      7.5   6 Month LIBOR        942.81       6/21/29     Single Family      Owner occupied           126500    360
822603       9.5      7.5   6 Month LIBOR       1143.56       6/24/29     Single Family      Not Owner                170000    360
                                                                                             occupied
822632       9.5      7.5   6 Month LIBOR        1263.8       6/30/29     Single Family      Owner occupied           167000    360
822637      7.89      6.5   6 Month LIBOR         522.8       6/25/29     Single Family      Owner occupied            90000    360
822650     10.75      7.5   6 Month LIBOR       1155.18       6/22/29     Multiple Family    Owner occupied           165000    360
822680     10.75     7.25   6 Month LIBOR        470.47        7/6/29     Single Family      Owner occupied            56000    360
822685      8.75      6.7   6 Month LIBOR        770.97       6/28/29     Single Family      Not Owner                158000    360
                                                                                             occupied
822714     10.25        7   6 Month LIBOR       1233.93       6/23/29     Single Family      Owner occupied           153000    360
822745     10.24     7.75   6 Month LIBOR        429.77       6/17/29     Multiple Family    Not Owner                 68000    360
                                                                                             occupied
822758     10.99      7.5   6 Month LIBOR        525.74       6/28/29     Single Family      Owner occupied            68500    360
822761      9.74     7.25   6 Month LIBOR        473.85       6/30/29     Single Family      Not Owner                 91000    360
                                                                                             occupied
822770     12.24        8   6 Month LIBOR        477.49       7/15/29     Single Family      Not Owner                 57000    360
                                                                                             occupied
822771     11.94        8   6 Month LIBOR        440.73       7/15/29     Single Family      Not Owner                 53800    360
                                                                                             occupied
822776      8.99      7.5   6 Month LIBOR        763.71       6/29/29     Single Family      Owner occupied           120000    360
822805     10.74     7.75   6 Month LIBOR       1427.08       6/18/29     Single Family      Owner occupied           170000    360
822827      9.75      6.5   6 Month LIBOR           854       7/30/29     Single Family      Owner occupied           142000    360
822836     10.49      7.5   6 Month LIBOR        913.99       7/27/29     Single Family      Owner occupied           125000    360
822850      9.99      9.5   6 Month LIBOR        705.85       6/30/29     Single Family      Owner occupied            96000    360
822872      9.74      6.5   6 Month LIBOR        834.38       9/10/29     Single Family      Owner occupied           124000    360
822875      9.99      7.5   6 Month LIBOR         741.8       6/18/29     Single Family      Owner occupied            95000    360
822916      10.5     7.25   6 Month LIBOR        754.66       6/21/29     Single Family      Owner occupied           110000    360
822942      11.8     9.35   6 Month LIBOR        752.33       6/22/29     Single Family      Owner occupied            84000    360
822958      9.75      7.5   6 Month LIBOR        555.96       6/30/29     Single Family      Owner occupied            72000    360
823008     12.49      7.5   6 Month LIBOR        951.84       7/30/29     Single Family      Owner occupied           101000    360
823034      9.49     7.25   6 Month LIBOR       1243.38       6/25/29     Multiple Family    Owner occupied           185000    360
823039      9.75      7.5   6 Month LIBOR        501.75       7/20/29     Single Family      Owner occupied            73000    360
823061     11.25        7   6 Month LIBOR        619.18       7/20/29     Single Family      Owner occupied            90000    360
823087     10.24     7.25   6 Month LIBOR       1441.08       7/26/29     Single Family      Owner occupied           185000    360
823103       9.5        7   6 Month LIBOR        431.36       6/29/29     Single Family      Owner occupied            57000    360
823117      9.99      7.5   6 Month LIBOR        771.61        8/2/29     Single Family      Owner occupied           110000    360
823119     10.25     7.25   6 Month LIBOR        597.92       6/28/29     Single Family      Owner occupied            83000    360
823129     11.99      7.5   6 Month LIBOR       2900.57       6/28/29     Single Family      Owner occupied           332000    360
823177     10.49        8   6 Month LIBOR        387.53       8/10/29     Single Family      Owner occupied            53000    360
823216      10.5        7   6 Month LIBOR        457.37       7/19/29     Single Family      Owner occupied            62000    360
823251      10.5     6.75   6 Month LIBOR        835.84       6/28/29     Single Family      Owner occupied           115000    360
823259     10.74     7.25   6 Month LIBOR        545.65        7/8/29     Single Family      Owner occupied            65000    360
823265      8.05        7   6 Month LIBOR        914.19       8/17/29     Single Family      Owner occupied           175000    360
823311      8.33     7.08   6 Month LIBOR       1453.24       7/23/29     Single Family      Owner occupied           300000    360
823312      9.99      6.5   6 Month LIBOR       1139.88        7/7/29     Single Family      Owner occupied           175000    360
823389     10.99      7.5   6 Month LIBOR        475.78       7/20/29     Single Family      Owner occupied            80000    360
823398     11.49      7.5   6 Month LIBOR        997.44       7/16/29     Single Family      Owner occupied           126000    360
823437      10.5     7.25   6 Month LIBOR        950.87        8/6/29     Single Family      Owner occupied           115000    360
823444     11.03     7.25   6 Month LIBOR        924.04       7/20/29     Single Family      Owner occupied           121000    360
823505     10.25        8   6 Month LIBOR       1371.03       7/27/29     Single Family      Owner occupied           170000    360
823529     10.69      7.5   6 Month LIBOR       1361.88        7/9/29     Single Family      Owner occupied           165000    360
823537     10.24     7.75   6 Month LIBOR       1217.69       7/21/29     Single Family      Owner occupied           170000    360

                                      I-B-14

(table continued)

Loan     Borr Name             Address                        City              Zip       State   Lien   LTV            Curr Bal
No                                                                              Code              Posi-
                                                                                                  tion

823539   STEPP                 12745  LOCKBOURNE EASTERN R    ASHVILLE          43103     OH      1               85    254773.44
823549   ALEVISATOS             4807  S ATLANTIC AVE          PONCE INLET       32127     FL      1      74.95791333     224618.4
823629   MELE JR               14075  REEK RD                 SOUTHGATE         48195     MI      1      82.67963158     94278.17
823684   ADAMS                  6302  LINSTEAD RD             LOUISVILLE        40228     KY      1      79.95687826     91870.06
823687   ETUE                   4724  NW 49TH CT              TAMARAC           33319     FL      1      83.93293333     62924.22
823692   JACOBS                  204  TENNYSON                HIGHLAND PARK     48203     MI      1      79.96866667      59953.7
823695   DORSEY                 3142  TEXAS A                 SAINT LOUIS       63118     MO      1      79.29430667     59441.23
823705   MILLER                 4512  GREENCOVE AVE           EVANSVILLE        47714     IN      1      74.96132456     85433.53
823745   SHAOTHA                 332  BEVERLY ESTATE DR       DETROIT           48238     MI      1      79.95620899    355411.01
823759   CANADA                 3811  MESKER PARK DR          EVANSVILLE        47720     IN      1      84.96231678     179533.9
823777   HAYDEN                  200  PLANTERS COVE           MADISON           39110     MS      1      79.96737288     94322.67
823811   JOHNSON                6901  W  WALDEN PL            LITTLETON         80120     CO      1       79.9672351    241300.59
823822   KAZMI                  4915  W 103RD ST              OVERLAND PARK     66207     KS      1               80     77963.61
823844   KONSKY                 2919  RUSSELL BLVD            SAINT LOUIS       63104     MO      1      68.14646364     74882.44
823891   ZEKIND                   11  BONNIE CT               FLORISSANT        63033     MO      1      79.92893151     58321.86
823919   FONVILLE              20220  NEWMAN                  TRENTON           48183     MI      1      83.38650427     97485.62
823924   HYDE                    111  W ASHE UNIT A           LOMBARD           60148     IL      1         74.94014     74909.82
823962   NAVARRO                2595  S HOOKER ST             DENVER            80219     CO      1      67.14843697     79859.45
823966   SIMMONS                1041  CLEVELAND ST            HAMMOND           46320     IN      1      67.07207143     46925.39
824012   THORNTON               8606  STRATHMOOR ST           DETROIT           48228     MI      1      79.94268627     40755.95
824027   BRANDENBURG            2020  MAGNOLIA DR             CLEARWATER        33764     FL      1      89.91986869     88980.51
824063   COFFEY                  950  JACKSON PIKE            HARRODSBURG       40330     KY      1      79.01234568    159913.51
824090   SHELBY                 1725  S YAMPA WAY             AURORA            80017     CO      1      79.95052857       111861
824102   FOLZ                         ROUTE 1 BOX 6314        RICE              23966     VA      1      79.90789025     72591.87
824106   WITTICH               11724  KINGSGATE CT            PERRYSBURG        43551     OH      1      84.96231111    114647.82
824117   JENKINS                1248  KNOLLHAVEN              BATON ROUGE       70810     LA      1               80     84646.31
824119   WITCHER                 298  JW NIX RD               DAHLONEGA         30533     GA      1               85    212300.92
824120   ELLIS                  7943  S MERRILL               CHICAGO           60617     IL      1      89.87341772    141873.58
824161   HAFIZ\ALAM             2607  COLLINS PORT COVE       SUWANEE           30024     GA      1         89.94904    123644.36
824171   BOWERS                 7202  W READE AVE             GLENDALE          85303     AZ      1      89.95235556     80913.91
824176   WILLIAM               21411  CYMAN                   WARREN            48092     MI      1      79.94572043     74323.93
824180   SAVERY                 4880  NW 177TH ST             OPA LOCKA         33055     FL      1      84.95810435     97604.31
824206   NEAL                    267  WATER OAK DR            DALLAS            30132     GA      1      79.92488806    107048.41
824216   JOHNSON                 740  LUNAR DR                RALEIGH           27610     NC      1      84.88004054     62811.23
824226   ERVIN                    73  TOWER VALLEY DRIVE      HILLSBORO         63050     MO      1      84.95593103     73834.09
824229   FIELDS                  571  BENTON RD               LEXINGTON         40505     KY      1      86.87371429      72947.6
824242   ROBINSON                305  S WASHINGTON            YPSILANTI         48197     MI      1      68.15313953     87875.82
824303   ANDERSON               1316  8TH SE                  ALTOONA           50009     IA      1      84.93214648    117074.04
824323   GRIFFIN                 109  BRICKSTONE DR           ATLANTA           30339     GA      1      79.93386095    353758.16
824361   SMITH                  4306  E INDIAN TRL            LOUISVILLE        40213     KY      1               70     45453.49
824373   BOUREN                  235  MCDANIEL AVE            RICHMOND          40475     KY      1      89.95933058    108751.14
824394   LEDESMA                5221  EAGLE CAY MANOR         POMPANO BEACH     33073     FL      1      79.96445641    155790.34
824404   SIMPSON               29000  JOY RD                  LIVONIA           48150     MI      1      89.95800952     94411.46
824406   ROWE                   7680  GLEN DEVON RD           JONESBORO         30236     GA      1      79.92877333    119839.07
824418   BRANNON                 597  E OAKWOOD AVENUE        ORANGE CITY       32763     FL      1               90     71945.42
824458   JENKINS                 172  QUARTZ ROAD             GOLDEN            80403     CO      1               90    220299.89
824464   BAUER                  9263  BROOKS RD               LENNON            48449     MI      1      84.96066345    131839.36
824505   KLINE                 19954  E CHRUCH ST             HOYTVILLE         43529     OH      1      79.96982456     45547.94
824528   MILLER                 4259  WINDWARD LN             NORCROSS          30093     GA      1      89.97419139     93995.79
824559   POTTER JR               208  S MONTCLAIRE            OLATHE            66061     KS      1      79.92505579      93068.5
824578   VEGA                   2912  COLUMBINE CIR           VALPARAISO        46383     IN      1               90    105255.85

                                     I-B-15

(table continued)

Loan       APR     Margin    Index Name        Curr Pmt   Maturity Dt    Property Type      Occ Status               Appr      Orig
No                                                                                                                    Val       Ter

823539        10     7.75   6 Month LIBOR       2237.81       8/25/29     Single Family      Owner occupied           300000    360
823549      8.87      7.5   6 Month LIBOR       1789.39       7/28/29     Single Family      Not Owner                300000    360
                                                                                             occupied
823629      9.25      6.5   6 Month LIBOR        776.61       7/28/29     Single Family      Owner occupied           114000    360
823684     10.13      6.5   6 Month LIBOR        816.22       7/16/29     Single Family      Owner occupied           115000    360
823687      10.5        7   6 Month LIBOR        576.29       7/15/29     Single Family      Owner occupied            75000    360
823692     10.75      7.5   6 Month LIBOR        560.09        8/5/29     Single Family      Owner occupied            75000    360
823695       9.5      6.5   6 Month LIBOR        500.31        8/2/29     Single Family      Owner occupied            75000    360
823705     12.49     7.25   6 Month LIBOR        911.84       7/23/29     Single Family      Owner occupied           114000    360
823745      8.99      6.5   6 Month LIBOR        2861.9       7/19/29     Single Family      Owner occupied           450000    360
823759      9.99        7   6 Month LIBOR       1576.33       7/16/29     Single Family      Owner occupied           211500    360
823777     10.38     8.63   6 Month LIBOR        855.06        8/4/29     Single Family      Owner occupied           120000    360
823811     10.36      7.5   6 Month LIBOR       2184.76       7/27/29     Single Family      Owner occupied           302000    360
823822      9.75      6.5   6 Month LIBOR        670.14        9/9/29     Single Family      Owner occupied           102500    360
823844      9.25      6.5   6 Month LIBOR        617.01       7/30/29     Single Family      Owner occupied           110000    360
823891        10     6.75   6 Month LIBOR         512.5       7/16/29     Single Family      Owner occupied            74000    360
823919     10.62      7.5   6 Month LIBOR        901.55       7/21/29     Single Family      Owner occupied           117000    360
823924      10.5      7.5   6 Month LIBOR        686.05       7/20/29     Single Family      Owner occupied           100000    360
823962       8.7      6.2   6 Month LIBOR        626.51       7/21/29     Single Family      Owner occupied           119000    360
823966      9.19      6.5   6 Month LIBOR        384.62       7/30/29     Single Family      Owner occupied            70000    360
824012        11     6.75   6 Month LIBOR        388.55       7/26/29     Single Family      Owner occupied            51000    360
824027      9.99      6.5   6 Month LIBOR        781.26       7/15/29     Single Family      Owner occupied           105000    360
824063      9.05     6.75   6 Month LIBOR       1293.16        9/7/29     Single Family      Owner occupied           202500    360
824090       8.4        7   6 Month LIBOR        853.26        8/4/29     Single Family      Owner occupied           140000    360
824102       9.5        7   6 Month LIBOR         611.3       7/30/29     Single Family      Owner occupied           122300    360
824106      9.99        7   6 Mo