2007_Subprime_Shorting-Home-Equity-Mezzanine-Tranches-1
2007_Subprime_Shorting-Home-Equity-Mezzanine-Tranches-1
2007_Subprime_Shorting-Home-Equity-Mezzanine-Tranches-1
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Footnote Exhibits - Page 0981<br />
Strictly private & confidential<br />
Profile of traditional home equity product<br />
* Low balance<br />
* Second or third lien<br />
" Credit score above 680<br />
" Usually a refinancing to take out cash<br />
* 15-year maturity (or shorter)<br />
" Combined loan-to-value (CLTV) ratio less than 100<br />
U Include home equity lines of credit (securitized separately)<br />
Deutsche Bank<br />
All numbers shown in this presentation are indicative and are based on a sample portfolio. Actual numbers will be<br />
different and will depend on the actual portfolios selected.<br />
57