The "AAA" rating on the group 1 senior certificates (classes A-1 - A-3), which are collateralized by the group 1
mortgage pool, reflects the credit enhancement provided by the 9.
The aggregate
mortgage pool trust consists of 1,921 fixed-rate, conventional, first lien residential mortgage loans, substantially all of which have original terms to stated maturity of 30 years.
The
mortgage pool will consist of conventional, one- to four- family, fully amortizing, fixed-rate mortgage loans secured by first liens on residential real properties.
The class A certificates are credit enhanced to 'AAA' levels by one of two
mortgage pool insurance policies in addition to subordination of the 12 percent class B certificates.
The
mortgage pool will consist of conventional, one- to four-family, fully amortizing, fixed rate mortgage loans secured by first liens on residential real properties.
The
mortgage pool consists of conventional, fixed-rate, fully amortizing, one- to four-family, 30-year mortgage loans secured by first liens on residential properties located primarily in Southern California (19 percent), New York (12 percent), and Michigan (9 percent).
The `AAA' rating reflects the credit enhancement provided by one of three
mortgage pool insurance policies, each with a fraud waiver, as well as, in the case of class A-1, the 12.
Each of the senior certificates generally receives distributions based on principal and interest collected from mortgage loans in its corresponding
mortgage pool.
Mortgage pool 1, supporting certificate classes 1 through 5, and pool 2, supporting classes 6 through 8, consist of conventional, fully amortizing mortgage loans secured by first liens on one- to four-family residential properties.
1, 2006, the Group I
mortgage pool consists of 200 conventional, fully amortizing, 15-year fixed-rate, mortgage loans secured by first liens on one- to four-family residential properties with an aggregate principal balance of $112,277,350.
The
mortgage pool consists of conventional, fixed-rate, fully- amortizing, one- to four-family, 15-year mortgage loans secured by first liens on residential properties located primarily in California (18 percent), Michigan (18 percent), and Illinois (12 percent).
Approximately 24% of the
mortgage pool is fixed rate and 76% is adjustable.
