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 0982<br />
Strictly private & confidential<br />
<strong>Subprime</strong> (a.k.a. B&C) mortgages<br />
" Often a first lien mortgage<br />
* May be purchase, cash out, etc.<br />
a May be used for cash-out purposes or debt consolidation<br />
" -Typical LTV around 80, may reach 100<br />
* Often have piggy-back second lien loans<br />
* Includes FHA Title 1 loans and other home improvement loan products<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 />
58