here in this prospectus. The unaudited pro fonna consolidated financial information was prepared in accordance with the rules and regulations of the Severities and Exchange Commission ("SEC") and should not be considered indicative of the consolidated financial position or results of operations that would

an average updated LTV of 56%. The average balance of the loans is 5296k — this coupled with the low updated LTV should result in both low CDRs and Severities. In fact, there has been only 2 CDR prints over the last 12 months and the average severity of those 2 prints is 20.64%. Our base case assumes 35%

LTV of 79% and 731 FICO score. The average balance of the loans is $466k — this coupled with the low updated LTV should result in both low CDRs and Severities. Additionally, 82% of homeowners have been 24 months perfect payers. THE STORY: For investors looking for a housing recovery play backed by seasone