Below are excerpts from three sections on the 1. Statistical Calculation Information 2. Underwriting Guidelines, and 3. Statistical Calculation Pool. Please see the original document for context.
Prospectus and Prospectus Supplement
http://www.sec.gov/Archives/edgar/data/1310402/000114420407000366/v061649_424b5.htm
1.
Set forth below and in Annex A hereto is certain statistical information based on scheduled principal balances as of December 1, 2006, which is the “Statistical Calculation Date,” concerning a pool of mortgage loans that the Depositor believes is representative of the mortgage loans to be included in the issuing entity.
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Statistical Calculation Information
Prospectus and Prospectus Supplement
http://www.sec.gov/Archives/edgar/data/1310402/000114420407000366/v061649_424b5.htm
1.
Set forth below and in Annex A hereto is certain statistical information based on scheduled principal balances as of December 1, 2006, which is the “Statistical Calculation Date,” concerning a pool of mortgage loans that the Depositor believes is representative of the mortgage loans to be included in the issuing entity.
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Characteristic  Permitted Variance or Range  
Average Stated Principal Balance  $47,917  ± 5%  
Weighted Average Mortgage Rate  8.269%  ± 0.10%  
Weighted Average Original Combined LoantoValue Ratio  87.04%  ± 3.00%  
Weighted Average Remaining Term to Maturity  211 months  ± 3 months  
Weighted Average FICO Score  728 points  ± 5 points 
Statistical Calculation Information
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As of the statistical calculation date, the mortgage loans in the statistical calculation pool had the following characteristics:
Statistical Calculation Date Pool Principal Balance  $  1,320,898,508  
Number of Mortgage Loans  27,541  
Average Current Principal Balance  $  47,961  
Range of Current Principal Balances  $  2,380 to $675,000  
Weighted Average Mortgage Rate  8.272  %  
Range of Mortgage Rates  5.150% to 17.000  %  
Weighted Average Original Combined LoantoValue Ratio  87.04  %  
Percentage of Mortgage Loans with Original Combined LoantoValue Ratios Greater than 80%  77.02  %  
Geographic Concentrations in excess of 10%:  
California  21.88  %  
Weighted Average Original Term to Stated Maturity  213 months  
Weighted Average Remaining Term to Stated Maturity  211 months  
Percentage of Mortgage Loans with Prepayment Charges  33.32  %  
Minimum FICO Score  584 points  
Maximum FICO Score  843 points  
Weighted Average FICO Score  728 points  
Number of Mortgage Loans with Unknown FICO Score  0  
Percentage of Mortgage Loans with Unknown FICO Score  0.00  % 
2. Underwriting Standards General The following is a description of the underwriting procedures customarily employed by Countrywide Home Loans with respect to fixed rate closedend second lien mortgage loans.... Each applicant for a closedend second lien mortgage loan must complete an application that lists the applicant’s assets, liabilities, income, employment history, and other demographic and personal information. If information in the loan application demonstrates that the applicant has sufficient income and there is sufficient equity in the real property to justify making a closedend second lien mortgage loan, Countrywide Home Loans will conduct a further credit investigation of the applicant. This investigation includes obtaining and reviewing an independent credit bureau report on the credit history of the applicant to evaluate the applicant’s ability and willingness to repay. The credit report typically contains information relating to such matters as credit history with local merchants and lenders, installment and revolving debt payments, and any record of delinquencies, defaults, bankruptcy, collateral repossessions, suits or judgments. ... Full appraisals are generally performed on all closedend second lien mortgage loans that at origination had a loan amount greater than $100,000. 3. THE STATISTICAL CALCULATION POOL Loan Programs
Original Combined LoantoValue Ratios^{(1)}
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Documentation Programs
A6 FICO Credit Scores^{(1)}
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