EXHIBIT 99.2
The depositor purchased mortgage
loans from IndyMac Bank, F.S.B. (“ IndyMac Bank
“ or the “ seller ”) pursuant to a
mortgage loan purchase agreement, dated June 14, 2005, between the
depositor and the seller. Pursuant to a pooling and servicing
agreement, dated as of June 1, 2005, among IndyMac Bank, as seller
and master servicer, the depositor and the trustee, the depositor
assigned such mortgage loans to the trustee for the benefit of
holders of the certificates (the “ Closing Date
Mortgage Loans ”). Pursuant to the subsequent
transfer instrument, the trust acquired subsequent mortgage loans
to be included in the mortgage pool subject to the conditions set
forth in the prospectus supplement. The Closing Date Mortgage Loans
and subsequent mortgage loans included in the trust are referred to
as the “ mortgage loans ”. The Closing
Date Mortgage Loans had an aggregate principal balance as of June
1, 2005 (the “ cut-off date ”) of
approximately $249,999,084. Each mortgage loan will be secured by a
parcel of land that is considered “residential” in
nature and is “improved,” i.e., the site is legally
accessible by street and sewer, electricity and water have either
been brought to the site or are available in the street, but a
dwelling does not exist on the lot.
The Mortgage Loans consist of 1,390
adjustable-rate and 163 fixed-rate mortgage loans having an
aggregate principal balance as of the cut-off date of approximately
$228,384,910 and $21,614,174, respectively, after application of
scheduled payments due on or before the cut-off date whether or not
received and application of all unscheduled payments of principal
received prior to the cut-off date, and subject to a permitted
variance of plus or minus 5%. Approximately 79.68% of the mortgage
loans that are adjustable-rate mortgage loans will adjust monthly
after their initial adjustment date based on a One-Year MTA index.
Approximately 10.66% of the mortgage loans that are adjustable-rate
mortgage loans will adjust every six months after their initial
adjustment date based on a six-month LIBOR index. Approximately
1.01% of the mortgage loans that are adjustable-rate mortgage loans
will adjust annually after their initial adjustment date based on a
One-Year Treasury index.
|
MORTGAGE
LOANS
1
CURRENT
PRINCIPAL
BALANCE
|
Range of
Current Mortgage Loan
Principal Balance
($)
|
|
|
|
Aggregate
Principal Balance Outstanding
($)
|
|
Percentage of Aggregate Principal
Balance of Mortgage Loans
|
|
0.01 - 25,000.00
|
|
55
|
|
$ 1,099,987.34
|
|
0.44%
|
|
25,000.01 - 50,000.00
|
|
206
|
|
7,822,766.67
|
|
3.13
|
|
50,000.01 - 75,000.00
|
|
215
|
|
13,323,845.21
|
|
5.33
|
|
75,000.01 - 100,000.00
|
|
178
|
|
15,618,516.20
|
|
6.25
|
|
100,000.01 - 200,000.00
|
|
467
|
|
67,771,083.31
|
|
27.11
|
|
200,000.01 - 300,000.00
|
|
277
|
|
70,125,616.59
|
|
28.05
|
|
300,000.01 - 400,000.00
|
|
61
|
|
21,288,542.70
|
|
8.52
|
|
400,000.01 - 500,000.00
|
|
59
|
|
27,181,487.97
|
|
10.87
|
|
500,000.01 - 600,000.00
|
|
11
|
|
6,168,986.59
|
|
2.47
|
|
600,000.01 - 700,000.00
|
|
9
|
|
5,846,464.44
|
|
2.34
|
|
700,000.01 - 800,000.00
|
|
5
|
|
3,754,874.30
|
|
1.50
|
|
800,000.01 - 900,000.00
|
|
3
|
|
2,479,231.91
|
|
0.99
|
|
900,000.01 - 1,000,000.00
|
|
4
|
|
3,866,933.61
|
|
1.55
|
|
1,000,000.01 -
1,200,000.00
|
|
2
|
|
2,226,250.00
|
|
0.89
|
|
1,400,000.01 -
1,500,000.00
|
|
1
|
|
1,424,497.27
|
|
0.57
|
|
Total:
|
|
1,553
|
|
$ 249,999,084.11
|
|
100.00%
|
________________________
|
1
|
The values in all tables in this Annex II are
calculated as of June 1, 2005.
|
As of June 1, 2005 the average
current principal balance of the Mortgage Loans was approximately
$160,978.
MORTGAGE RATE
(STATISTICAL
CALCULATION
MORTGAGE
LOANS)
Current Gross Mortgage Rate
(%)
|
|
|
|
Aggregate Principal Balance
Outstanding
|
|
Percentage of Aggregate Principal
Balance of Mortgage Loans
|
|
3.000 - 3.999
|
|
16
|
|
$ 2,015,912.19
|
|
0.81%
|
|
4.000 - 4.999
|
|
54
|
|
11,130,583.53
|
|
4.45
|
|
5.000 - 5.999
|
|
491
|
|
91,013,980.18
|
|
36.41
|
|
6.000 - 6.999
|
|
336
|
|
46,301,885.41
|
|
18.52
|
|
7.000 - 7.999
|
|
499
|
|
78,077,144.80
|
|
31.23
|
|
8.000 - 8.999
|
|
135
|
|
19,156,662.80
|
|
7.66
|
|
9.000 - 9.999
|
|
15
|
|
1,662,122.26
|
|
0.66
|
|
10.000 - 10.999
|
|
7
|
|
640,792.94
|
|
0.26
|
|
Total:
|
|
1,553
|
|
$ 249,999,084.11
|
|
100.00%
|
As of June 1, 2005, the lowest
mortgage rate of the Mortgage Loans was 3.000%, the greatest
mortgage rate of the Mortgage Loans was 10.750% and the weighted
average mortgage rate of the Mortgage Loans was approximately
6.604%.
FICO SCORE
(STATISTICAL
CALCULATION
MORTGAGE
LOANS)
|
|
|
|
|
Aggregate Principal Balance
Outstanding
|
|
Percentage of Aggregate Principal
Balance of Mortgage Loans
|
|
600- 619
|
|
2
|
|
$ 93,569.87
|
|
0.04%
|
|
620- 639
|
|
35
|
|
3,172,513.80
|
|
1.27
|
|
640- 659
|
|
66
|
|
7,899,500.92
|
|
3.16
|
|
660- 679
|
|
110
|
|
14,738,182.21
|
|
5.90
|
|
680- 699
|
|
217
|
|
35,531,456.98
|
|
14.21
|
|
700- 719
|
|
300
|
|
45,762,186.64
|
|
18.30
|
|
720- 739
|
|
230
|
|
40,184,802.13
|
|
16.07
|
|
740- 759
|
|
228
|
|
40,297,592.88
|
|
16.12
|
|
760- 779
|
|
197
|
|
34,154,438.75
|
|
13.66
|
|
780- 799
|
|
126
|
|
20,303,264.52
|
|
8.12
|
|
800- 819
|
|
41
|
|
7,821,643.27
|
|
3.13
|
|
820- 829
|
|
1
|
|
39,932.14
|
|
0.02
|
|
Total:
|
|
1,553
|
|
$ 249,999,084.11
|
|
100.00%
|
As of June 1, 2005, the weighted
average FICO score of the Mortgage Loans was approximately
729.
|
