RMBS ARREARS STATISTICS

RMBS ARREARS STATISTICS Australia (Excluding Non-Capital Market Issuance) At February 9,

RMBS Performance Watch Australia at February 9, Australia Prime Standard & Poor's Rating Services Mortgage Performance Index (SPIN) 8..%..%... 8. 6...%.. Apr-96 Oct-96 Apr-97 Oct-97 Apr-98 Oct-98 Apr-99 Oct-99 Apr- Oct- Apr- Oct- Apr- Oct- Apr- Oct- Apr- Oct- Apr- Oct- Apr-6 Oct-6 Apr-7 Oct-7 Apr-8 Oct-8 Apr-9 Oct-9 Apr- Oct- Apr- Oct- Apr- Oct- (%)* -6 days 6-9 days 9+ days (Total current loan balance) Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- -6 days..7...7.7.6.6.7.9..7 6-9 days.9.9.9..8.....7..9 9+ days.6.7.8.7.6....... Prime SPIN......96.9.9.9.97.8. 78. 76. 7.87 7. 7.8 76. 76.6 7. 7.69 7.96 7.6 7. Copyright Standard & Poor s Financial Services LLC, a part of McGraw Hill Financial. All rights reserved. Reproduction in whole or in part prohibited except by permission. RMBS Arrears Statistics Australia is subject to the full disclaimer on the inside back cover.

RMBS Performance Watch Australia at February 9, Arrears Reported on a Full Doc Basis..%.%.%... 8. 6.... Apr- Oct- Apr-6 Oct-6 Apr-7 Oct-7 Apr-8 Oct-8 Apr-9 Oct-9 Apr- Oct- Apr- Oct- Apr- Oct- -6 days 6-9 days 9+ days (%)* Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- -6 days.....6.....7.. 6-9 days.7.7.8.8.......9.8 9+ days......9.7.7.7.7.. Full Doc SPIN.....9.88.87.86.86.9.. 76. 7. 7. 7.9 7.7 7.68 7.8 7.8 7. 7. 7. 7.9 Arrears Reported on a LoDoc Basis 8.% 7.% 7.% 6.% 6.%.%.%.%.%... 8... Apr- Oct- Apr-6 Oct-6 Apr-7 Oct-7 Apr-8 Oct-8 Apr-9 Oct-9 Apr- Oct- Apr- Oct- Apr- Oct- -6 days 6-9 days 9+ days (%) Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- -6 days.8.7.6.6.9.9.9.8..8..78 6-9 days.9.88.6.9.7.6.67.67.6.78.79.6 9+ days.7.6.99..8.7.....6.6 Lo Doc SPIN..9..7.7.6....66.8..79.8.7.8.6.7.6..7.6.. Document Type Comparison 8.% 7.% 7.% 6.% 6.%.%.%.%.% Apr- Oct- Apr-6 Oct-6 Apr-7 Oct-7 Apr-8 Oct-8 Apr-9 Oct-9 Apr- Oct- Apr- Oct- Apr- Oct- Full Doc Lo Doc Prime SPIN (%) Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Full Doc SPIN.....9.88.87.86.86.9.. Lo Doc SPIN..9..7.7.6....66.8. Prime SPIN......96.9.9.9.97.8. Full Doc % Prime 97.7 97.6 97.7 97.7 97.86 97.9 98.9 98. 98. 98. 98. 98. Lo Doc % Prime.9..8...6.9.79..97.9.86 Copyright Standard & Poor s Financial Services LLC, a part of McGraw Hill Financial. All rights reserved. Reproduction in whole or in part prohibited except by permission. RMBS Arrears Statistics Australia is subject to the full disclaimer on the inside back cover.

RMBS Performance Watch Australia at February 9, Arrears Reported on a Missed Payment Basis..%...%.......%.. Jan-96 Jul-96 Jan-97 Jul-97 Jan-98 Jul-98 Jan-99 Jul-99 Jan- Jul- Jan- Jul- Jan- Jul- Jan- Jul- Jan- Jul- Jan- Jul- Jan-6 Jul-6 Jan-7 Jul-7 Jan-8 Jul-8 Jan-9 Jul-9 Jan- Jul- Jan- Jul- Jul- Jul- Jan- Jul- Jan- -6 days 6-9 days 9+ days (%) Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- -6 days.8.....6.6..6... 6-9 days.9.6..9......9.. 9+ days.69.69.7.68.6.6.....6.8 Total.6...6...9..6..9....8.97.8.9 7..96..7.9. Arrears Reported on a Scheduled Balance Basis.%.%.%... 8. 6.... Jan-96 Jul-96 Jan-97 Jul-97 Jan-98 Jul-98 Jan-99 Jul-99 Jan- Jul- Jan- Jul- Jan- Jul- Jan- Jul- Jan- Jul- Jan- Jul- Jan-6 Jul-6 Jan-7 Jul-7 Jan-8 Jul-8 Jan-9 Jul-9 Jan- Jul- Jan- Jul- Jul- Jul- Jan- Jul- Jan- -6 days 6-9 days 9+ days (%)* Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- -6 days.....6.7.6..7... 6-9 days..7.7.7......7..8 9+ days......9...9... Total.99....9.9.89.87.89.9.. 6.78 6. 6.6 9. 9.8 9. 8.77 8.9 7.6 8. 7.6 7..% Arrears Calculation Method Comparison.% Jan-96 Jul-96 Jan-97 Jul-97 Jan-98 Jul-98 Jan-99 Jul-99 Jan- Jul- Jan- Jul- Jan- Jul- Jan- Jul- Jan- Jul- Jan- Jul- Jan-6 Jul-6 Jan-7 Jul-7 Jan-8 Jul-8 Jan-9 Jul-9 Jan- Jul- Jan- Jul- Jul- Jul- Jan- Jul- Jan- Missed Payments Prime SPIN Scheduled Balance (%) Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Missed payments.6...6...9..6..9. Scheduled balance.99....9.9.89.87.89.9.. Prime SPIN......96.9.9.9.97.8. Copyright Standard & Poor s Financial Services LLC, a part of McGraw Hill Financial. All rights reserved. Reproduction in whole or in part prohibited except by permission. RMBS Arrears Statistics Australia is subject to the full disclaimer on the inside back cover.

RMBS Performance Watch Australia at February 9,.%.%.% Dec-9 Jun-96 Dec-96 Jun-97 Dec-97 Jun-98 Dec-98 Jun-99 Dec-99 Jun- Dec- Jun- Dec- Jun- Dec- Jun- Arrears Domestic Issues Dec- Jun- Dec- Jun- Dec- Jun-6 Dec-6 Jun-7 Dec-7 Jun-8 Dec-8 Jun-9 Dec-9 Jun- Dec- Jun- Dec- Jun- Dec- Jun- Dec- Jun- Dec- Jun- Dec- 7. 6....... -6 days 6-9 days 9+ days (%) Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- -6 days..........6.. 6-9 days.7.7.7.8.......9.8 9+ days........7.7.7.. Total.....9.89.8.8.8.88.. 66.96 6. 6. 6.66 6.97 67.68 67.89 66.97 6.67 66. 6.97 6. Arrears Cross Border Issues.%.%.%.. 8. 6.... Apr-97 Oct-97 Apr-98 Oct-98 Apr-99 Oct-99 Apr- Oct- Apr- Oct- Apr- Oct- Apr- Oct- Apr- Oct- Apr- Oct- Apr-6 Oct-6 Apr-7 Oct-7 Apr-8 Oct-8 Apr-9 Oct-9 Apr- Oct- Apr- Oct- Apr- Oct- -6 days 6-9 days 9+ days (%)* Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- -6 days.69.67.6.69.9.6.6..6.6.6.78 6-9 days.........9...8 9+ days.7.7.7.7.7.67.67.7.7.76.79.8 Total.7.7.6.69.9..9..67.7.7.87..89.6 9. 9. 8.7 8.7 8.9 8. 7.8 7.8 7. Market Comparison.% Apr-97 Oct-97 Apr-98 Oct-98 Apr-99 Oct-99 Apr- Oct- Apr- Oct- Apr- Oct- Apr- Oct- Apr- Oct- Apr- Oct- Apr-6 Oct-6 Apr-7 Oct-7 Apr-8 Oct-8 Apr-9 Oct-9 Apr- Oct- Apr- Oct- Apr- Oct- Cross Border Domestic Prime SPIN (%) Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Domestic.....9.89.8.8.8.88.. Cross Border.7.7.6.69.9..9..67.7.7.87 Prime SPIN......96.9.9.9.97.8. Copyright Standard & Poor s Financial Services LLC, a part of McGraw Hill Financial. All rights reserved. Reproduction in whole or in part prohibited except by permission. RMBS Arrears Statistics Australia is subject to the full disclaimer on the inside back cover.

RMBS Performance Watch Australia at February 9, Major Banks Regional Banks 6 6 No deals were issued by Major Banks for Australia Prime No deals were issued by Regional Banks for Australia Prime Nov-96 Jul-97 Mar-98 Nov-98 Jul-99 Mar- Nov- Jul- Mar- Nov- Jul- Mar- Nov- Jul- Mar-6 Nov-6 Jul-7 Mar-8 Nov-8 Jul-9 Mar- Nov- Jul- Mar- Nov- Mar- Nov- Jul- Sep-97 May-98 Jan-99 Sep-99 May- Jan- Sep- May- Jan- Sep- May- Jan- Sep- May-6 Jan-7 Sep-7 May-8 Jan-9 Sep-9 May- Jan- Sep- May- Sep- May- Jan- Sep- -6 days 6-9 days 9+ days -6 days 6-9 days 9+ days (%) Sep- Oct- Nov- Dec- Jan- Feb- -6 days.8.9.9... 6-9 days...... 9+ days..6.8.9.. Major Banks SPIN.66.68.67.7.8.86. 6.8 6..6. 6.9 (%) Sep- Oct- Nov- Dec- Jan- Feb- -6 days.7.6.7.7.8.89 6-9 days..6....6 9+ days.7.69.7.7.79.8 Regional Banks SPIN.6.7.7.8.96.7..77..6.87. Other Banks Non-Bank Financial Institutions 6 6 No deals were issued by Other Banks for Australia Prime No deals were issued by Non-Bank Financial Institutions for Australia Prime Jan-96 Sep-96 May-97 Jan-98 Sep-98 May-99 Jan- Sep- May- Jan- Sep- May- Jan- Sep- May- Jan-6 Sep-6 May-7 Jan-8 Sep-8 May-9 Jan- Sep- May- Sep- May- Sep- May- Jan- Jul-97 Mar-98 Nov-98 Jul-99 Mar- Nov- Jul- Mar- Nov- Jul- Mar- Nov- Jul- Mar-6 Nov-6 Jul-7 Mar-8 Nov-8 Jul-9 Mar- Nov- Jul- Mar- Nov- Mar- Nov- Jul- -6 days 6-9 days 9+ days -6 days 6-9 days 9+ days (%) Sep- Oct- Nov- Dec- Jan- Feb- (%) Sep- Oct- Nov- Dec- Jan- Feb- -6 days...8..6.6 6-9 days.....8.7 9+ days.6...9.. Other Banks SPIN.9.88.8.8.9.9..7.6.9..9 Non-Bank Originators -6 days..9.7... 6-9 days.9..8..8. 9+ days.9..... Non-Bank Financial Institutions SPIN.6.66.7.78.8.86.7.6.8..7. Financial Institutions Comparison No deals were issued by Non-Bank Originators for Australia Prime Jan-96 Sep-96 May-97 Jan-98 Sep-98 May-99 Jan- Sep- May- Jan- Sep- May- Jan- Sep- May- Jan-6 Sep-6 May-7 Jan-8 Sep-8 May-9 Jan- Sep- May- Sep- May- Sep- May- Jan- -6 days 6-9 days 9+ days (%) Sep- Oct- Nov- Dec- Jan- Feb- -6 days.8..... 6-9 days......8 9+ days.7.8.6.6.7.8 Non-Bank Originators SPIN.96...9..8..8...98.7 6.%.%.% Sep-97 May-98 Jan-99 Sep-99 May- Jan- Sep- May- Jan- Sep- May- Jan- Sep- Major Banks Regional Banks Other Banks Non-Bank Financial Inst. Non-Bank Originators Prime SPIN (%) May-6 Jan-7 Sep-7 May-8 Jan-9 Sep-9 May- Sep- Oct- Nov- Dec- Jan- Feb- Major Banks.66.68.67.7.8.86 Regional Banks.6.7.7.8.96.7 Other Banks.9.88.8.8.9.9 Non-Bank Financial Institutions.6.66.7.78.8.86 Non-Bank Originators.96...9..8 Prime SPIN.9.9.9.97.8. Jan- Sep- May- Sep- May- Jan- Sep- Copyright Standard & Poor s Financial Services LLC, a part of McGraw Hill Financial. All rights reserved. Reproduction in whole or in part prohibited except by permission. RMBS Arrears Statistics Australia is subject to the full disclaimer on the inside back cover.

RMBS Performance Watch Australia at February 9, By Year Of Issuance.%.% 9 No deals were issued in 9 for Australia Prime 6.%.% No deals were issued in for Australia Prime 6.%.% Mar-9 Sep-9 Mar- Sep- Mar- Sep- Mar- Sep- Mar- Sep- Mar- Sep- Mar- Sep- Jan- Jul- Jan- Jul- Jul- Jul- Jan- Jul- Jan- -6 days 6-9 days 9+ days -6 days 6-9 days 9+ days 6 6.%.%.% No deals were issued in for Australia Prime.% No deals were issued in for Australia Prime.%.% Feb- Aug- Feb- Aug- Feb- Aug- Feb- Aug- Feb- Aug- Feb- Feb- Aug- Feb- Aug- Feb- Aug- Feb- Aug- Feb- -6 days 6-9 days 9+ days -6 days 6-9 days 9+ days 6 6.%.%.%.% No deals were issued in for Australia Prime.%.% No deals were issued in for Australia Prime Feb- Aug- Feb- Aug- Feb- Aug- Feb- Feb- Aug- Feb- Aug- Feb- -6 days 6-9 days 9+ days -6 days 6-9 days 9+ days 6 6.%.%.% No deals were issued in for Australia Prime.%.%.% No deals were issued in for Australia Prime Feb- Aug- Feb- Feb- -6 days 6-9 days 9+ days -6 days 6-9 days 9+ days Copyright Standard & Poor s Financial Services LLC, a part of McGraw Hill Financial. All rights reserved. Reproduction in whole or in part prohibited except by permission. RMBS Arrears Statistics Australia is subject to the full disclaimer on the inside back cover. 6

RMBS Performance Watch Australia at February 9, Arrears Statistics - Non-Conforming Australia Non-Conforming Standard & Poor's Rating Services Mortgage Performance Index (SPIN) 8. 8.% 7. 6...%.. 8.%... Apr- Oct- Apr- Oct- Apr- Oct- Apr- Oct- Apr- Oct- Apr- Oct- Apr-6 Oct-6 Apr-7 Oct-7 Apr-8 Oct-8 Apr-9 Oct-9 Apr- Oct- Apr- Oct- Apr- Oct- (%)* -6 days 6-9 days 9+ days (Total current loan balance) Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- -6 days.7.6..7.....6.8.9.96 6-9 days.9.79.76.89.9.7.69.7.7.8.9.8 9+ days.8..66.9....7.8.9.9. Non-Conforming SPIN 6..8.9.7.6.7.99.9..6.9...9.7.9.8.8....9.. Copyright Standard & Poor s Financial Services LLC, a part of McGraw Hill Financial. All rights reserved. Reproduction in whole or in part prohibited except by permission. RMBS Arrears Statistics Australia is subject to the full disclaimer on the inside back cover. 7

RMBS Performance Watch Australia Arrears Statistics - Non-Conforming By Year Of Issuance at February 9, 8.% 8.%.% No deals were issued in for Australia Non-Conforming.% No deals were issued in for Australia Non-Conforming 8.% 8.% Jul- Jul- May- Nov- May- Nov- May- Nov- May- Nov- -6 days 6-9 days 9+ days -6 days 6-9 days 9+ days 8.% 8.%.% No deals were issued in for Australia Non-Conforming.% No deals were issued in for Australia Non-Conforming 8.% 8.% Mar- Sep- Mar- Sep- Mar- Sep- Mar- Sep- Mar- Sep- -6 days 6-9 days 9+ days -6 days 6-9 days 9+ days 8.%.% No deals were issued in for Australia Non-Conforming No deals were issued in for Australia Non-Conforming 8.% Apr- Oct- -6 days 6-9 days 9+ days Copyright Standard & Poor s Financial Services LLC, a part of McGraw Hill Financial. All rights reserved. Reproduction in whole or in part prohibited except by permission. RMBS Arrears Statistics Australia is subject to the full disclaimer on the inside back cover. 8

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