SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly
authorized.
Equicon Mortgage Loan Trust 1995-2
(Registrant)
By: Norwest Bank of Minnesota, N.A.
Name: Kris Solie - Johnson
Title: Corporate Trust Officer
Equicon
Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact: Carol Tracey
Securities Administration Services
Reporting Month: February 1996
Phone: (410) 884-2117
11000 Broken Land Parkway
Distribution Date: March 18, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Cover Page - Issuing
Report Name
Report Number
____________________________________________________________
__ ________________
Series Structure Summary
1
Class Distribution Summary
2
Class Distribution Per 1,000 of
Original Balance
3
Class Principal Distribution
4
Class Interest Distribution
5
Fund Account Summary
6
Loss/Delinquency Detail
7
Collateral Summary
8
Equicon Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact: Carol Tracey
Securities Administration Services
Reporting Month: February 1996
Phone: (410) 884-2117
11000 Broken Land Parkway
Distribution Date: March 18, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Series Structure Summary - Issuing
Aggregate Realized Aggregate
Ending
Class
Original Principal Losses Principal
Aggregate Interest Undistributed Principal
Class Description Principal Type Interest Type
Balance Pass Through Rate Balance Reduction
Shortfall Principal Factor
____________________________________________________________
____________________________________________________________
_______________________________________________
A-1 Senior Sequential Pay Fixed
35,000,000.00 6.45000000% 0.00
0.00 0.00 0.9211771829
A-2 Senior Sequential Pay Fixed
21,000,000.00 6.50000000% 0.00
0.00 0.00 1.0000000000
A-3 Senior Sequential Pay Fixed
10,000,000.00 6.75000000% 0.00
0.00 0.00 1.0000000000
A-4 Senior Sequential Pay Fixed
8,000,000.00 7.10000000% 0.00
0.00 0.00 1.0000000000
A-5 Senior Sequential Pay Fixed
5,287,000.00 7.40000000% 0.00
0.00 0.00 1.0000000000
A-6 Senior Sequential Pay Variable
39,667,000.00 5.14125000% 0.00
0.00 0.00 0.9433228606
B Fixed Subordinate Sequential Pay Variable
567.57 589.26554400% 0.00
0.00 0.00 880.9486054584
B Vari Subordinate Sequential Pay Variable
142.78 405.82401600% 0.00
0.00 0.00
RU Residual Residual Residual
0.00 0.00000000% 0.00 0.00
0.00 0.0000000000
____________________________________________________________
____________________________________________________________
_______________________________________________
Totals
118,954,710.35 0.00
0.00 0.00 0.9663088496
Report 1
03/14/96 -- 3:25pm
Page 1 of 1
Equicon
Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact: Carol Tracey
Securities Administration Services
Reporting Month: February 1996 Phone:
(410) 884-2117
11000 Broken Land Parkway
Distribution Date: March 18, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Class
Distribution Summary - Issuing
Beginning
Principal Ending
Pass Through
Principal Total Interest Total Principal
Balance Principal Total
Class Record Date Rate
Balance Distribution Distribution
Reduction Balance Distribution
____________________________________________________________
____________________________________________________________
____________________________________
A-1 02/29/1996 6.45000000%
32,619,481.49 175,329.71 378,280.09
0.00 32,241,201.40 553,609.80
A-2 02/29/1996 6.50000000%
21,000,000.00 113,750.00 0.00
0.00 21,000,000.00 113,750.00
A-3 02/29/1996 6.75000000%
10,000,000.00 56,250.00 0.00
0.00 10,000,000.00 56,250.00
A-4 02/29/1996 7.10000000%
8,000,000.00 47,333.33 0.00
0.00 8,000,000.00 47,333.33
A-5 02/29/1996 7.40000000%
5,287,000.00 32,603.17 0.00
0.00 5,287,000.00 32,603.17
A-6 02/29/1996 5.14125000%
38,167,767.93 163,525.03 748,980.02
0.00 37,418,787.91 912,505.05
B Fixed 02/29/1996 589.26554400%
500,000.00 245,527.31 0.00
0.00 500,000.00 245,527.31
B Vari 02/29/1996 405.82401600%
500,000.00 169,093.34 0.00
0.00 500,000.00 169,093.34
RU 02/29/1996 0.00000000%
0.00 0.00 0.00
0.00 0.00 0.00
____________________________________________________________
____________________________________________________________
____________________________________
Totals
116,074,249.42 1,003,411.89 1,127,260.11
0.00 114,946,989.31 2,130,672.00
Report 2
03/14/96 -- 3:25pm
Page 1 of 1
Equicon
Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact: Carol Tracey
Securities Administration Services Reporting
Month: February 1996 Phone:
(410) 884-2117
11000 Broken Land Parkway Distribution
Date: March 18, 1996 InvestorDirect:
(800) 605-4167
Columbia, MD 21044-7800
Class Distribution Per
1,000 of Original Balance - Issuing
Total Other
Total
Interest Scheduled Principal Total Principal
Principal Ending
Distribution Principal Distribution Distribution
Balance Principal
Class Cusip Original Balance
Factor Factor Factor Factor
Reduction Factor
____________________________________________________________
____________________________________________________________
_____________________________
A-1 294419AU0 35,000,000.00
5.00942029 2.43746143 8.37054114 10.80800257
0.00000000 0.9211771829
A-2 294419AV8 21,000,000.00
5.41666667 0.00000000 0.00000000 0.00000000
0.00000000 1.0000000000
A-3 294419AW6 10,000,000.00
5.62500000 0.00000000 0.00000000 0.00000000
0.00000000 1.0000000000
A-4 294419AX4 8,000,000.00
5.91666625 0.00000000 0.00000000 0.00000000
0.00000000 1.0000000000
A-5 294419AY2 5,287,000.00
6.16666730 0.00000000 0.00000000 0.00000000
0.00000000 1.0000000000
A-6 294419AZ9 39,667,000.00
4.12244511 1.10579348 17.77589709 18.88169057
0.00000000 0.9433228606
B Fixed N/A 567.57
432593.88269288 0.00000000 0.00000000
0.00000000 0.00000000 880.9486054584
B Vari N/A 142.78
0.00000000 0.00000000 0.00000000 0.00000000
3501.8910211514
RU N/A 0.00
N/A N/A N/A N/A
N/A N/A
____________________________________________________________
____________________________________________________________
_____________________________
Totals 118,954,710.35
0.9663088496
Report 3
03/14/96 -- 3:25pm
Page 1 of 1
Equicon Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact: Carol Tracey
Securities Administration Services
Reporting Month: February 1996
Phone: (410) 884-2117
11000 Broken Land Parkway
Distribution Date: March 18, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Class
Principal Distribution - Issuing
Beginning
Principal Ending Current
Principal Scheduled
Unscheduled Other Total
Principal Balance Principal Undistributed
Class Balance Principal
Principal Accretion Principal Distribution
Reduction* Balance Principal
____________________________________________________________
____________________________________________________________
____________________________________________
A-1 32,619,481.49 85,311.15
292,968.94 0.00 0.00
378,280.09 0.00 32,241,201.40
0.00
A-2 21,000,000.00 0.00
0.00 0.00 0.00 0.00
0.00 21,000,000.00 0.00
A-3 10,000,000.00 0.00
0.00 0.00 0.00 0.00
0.00 10,000,000.00 0.00
A-4 8,000,000.00 0.00
0.00 0.00 0.00 0.00
0.00 8,000,000.00 0.00
A-5 5,287,000.00 0.00
0.00 0.00 0.00 0.00
0.00 5,287,000.00 0.00
A-6 38,167,767.93 43,863.51
705,116.51 0.00 0.00
748,980.02 0.00 37,418,787.91
0.00
B Fixed 500,000.00 0.00
0.00 0.00 0.00 0.00
0.00 500,000.00 0.00
B Vari 500,000.00 0.00
0.00 0.00 0.00 0.00
0.00 500,000.00 0.00
RU 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00
____________________________________________________________
____________________________________________________________
____________________________________________
Totals 116,074,249.42 129,174.66
998,085.45 0.00 0.00
1,127,260.11 0.00 114,946,989.31
0.00
*Principal Balance Reduction
Realized Losses Principal Balance Reduction
0.00
Negative Amortization Principal Balance Reduction
0.00
Other
0.00
Report 4
03/14/96 -- 3:25pm
Page 1 of 1
Equicon Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact: Carol Tracey
Securities Administration Services
Reporting Month: February 1996
Phone: (410) 884-2117
11000 Broken Land Parkway
Distribution Date: March 18, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Class Interest Distribution - Issuing
Beginning
Negative Ending
Principal/
Interest Amortization
Principal/
Notional
Interest Shortfall/ Other
Interest Total Interest Notional
Class Pass-Through Rate Balance
Accrual (Recovery) Accretion Interest
Reduction Distribution Balance
____________________________________________________________
____________________________________________________________
_____________________________________________
A-1 6.45000000% 32,619,481.49
175,329.71 0.00 0.00
0.00 0.00 175,329.71 32,241,201.40
A-2 6.50000000% 21,000,000.00
113,750.00 0.00 0.00
0.00 0.00 113,750.00 21,000,000.00
A-3 6.75000000% 10,000,000.00
56,250.00 0.00 0.00 0.00
0.00 56,250.00 10,000,000.00
A-4 7.10000000% 8,000,000.00
47,333.33 0.00 0.00 0.00
0.00 47,333.33 8,000,000.00
A-5 7.40000000% 5,287,000.00
32,603.17 0.00 0.00 0.00
0.00 32,603.17 5,287,000.00
A-6 5.14125000% 38,167,767.93
163,525.03 0.00 0.00
0.00 0.00 163,525.03 37,418,787.91
B Fixed 589.26554400% 500,000.00
245,527.31 0.00 0.00
0.00 0.00 245,527.31 500,000.00
B Vari 405.82401600% 500,000.00
169,093.34 0.00 0.00
0.00 0.00 169,093.34 500,000.00
RU 0.00000000% 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00
____________________________________________________________
____________________________________________________________
_____________________________________________
Totals
1,003,411.89 0.00 0.00
0.00 0.00 1,003,411.89
Notes:
Class A-6 Interest is accrued @ LIBOR = 5.3125% over the
applicable accrual period.
Report 5
03/14/96 -- 3:25pm
Page 1 of 1
Equicon Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact: Carol Tracey
Securities Administration Services
Reporting Month: February 1996
Phone: (410) 884-2117
11000 Broken Land Parkway
Distribution Date: March 18, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Fund Account Summary - Issuing
____________________________________________________________
____________________________________________________________
______________________________________________________
Proceeds Account
Beginning Balance
0.00
DEPOSITS:
WITHDRAWALS:
Interest Net of Servicing Fee 1,003,411.89
Interest Payments 1,003,411.89
Scheduled Principal 129,174.66
Scheduled Principal Payment 129,174.66
Other Principal 998,085.45
Other Principal Payments 998,085.45
Negative Amortization 0.00
Reserve Fund 1 0.00
Deposits from Reserve Fund 0.00
Fees and Expenses 0.00
Gain/Loss Adjustment 0.00
Other Withdrawals 0.00
Other Deposits 0.00
Total Deposit
2,130,672.00 Total Withdrawals
2,130,672.00
Ending Balance
0.00
____________________________________________________________
____________________________________________________________
______________________________________________________
Report 6
03/14/96 -- 3:25pm
Page 1 of 1
Equicon Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact: Carol Tracey
Securities Administration Services
Reporting Month: February 1996
Phone: (410) 884-2117
11000 Broken Land Parkway
Distribution Date: March 18, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Loss/Delinquency Detail - Issuing
Current Current Current
Current Total Aggregate Aggregate
Aggregate Aggregate Total
Fraud Bankruptcy Special Hazard
Credit Current Fraud Bankruptcy
Special Hazard Credit Aggregate
Pool # Losses Losses Losses
Losses Losses Losses Losses
Losses Losses Losses
____________________________________________________________
____________________________________________________________
_________________________________________________
1 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00
2 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00
____________________________________________________________
____________________________________________________________
_________________________________________________
Totals 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00
____________________________________________________________
____________________________________________________________
________________________________________
30 Days Delinquent 60 Days Delinquent
90 Days Delinquent Foreclosures
REO's Totals
Number Balance Number Balance
Number Balance Number Balance Number
Balance Number Balance
1 74 4,122,001.76 18 926,611.23
11 816,545.20 5 320,803.31 0
0.00 108 6,185,961.50
2 33 2,274,616.07 9 846,831.67
4 592,500.00 1 110,500.00 0
0.00 47 3,824,447.74
____________________________________________________________
____________________________________________________________
________________________________________
Totals 107 6,396,617.83 27 1,773,442.90
15 1,409,045.20 6 431,303.31 0
0.00 155 10,010,409.24
Report 7
03/14/96 -- 3:25pm
Page 1 of 1
Equicon
Mortgage Loan Trust 1995-2
Norwest Bank Minnesota, N.A.
Contact: Carol Tracey
Securities Administration Services Reporting
Month: February 1996 Phone:
(410) 884-2117
11000 Broken Land Parkway
Distribution Date: March 18, 1996
InvestorDirect: (800) 605-4167
Columbia, MD 21044-7800
Collateral Summary - Issuing
Total| Pool 1 Pool 2
____________________________________________________________
_____________________________________________
Monthly P&I Constant
1,191,236.42| 795,253.87 395,982.55
|
Positive Amortization
129,174.66| 85,311.15 43,863.51
Negative Amortization
0.00| 0.00 0.00
Regular Curtailments
0.00| 0.00 0.00
Regular Curtailment Interest
0.00| 0.00 0.00
Prepaid Curtailments
0.00| 0.00 0.00
Prepaid Curtailment Interest
0.00| 0.00 0.00
Liquidations
998,085.45| 292,968.94 705,116.51
Principal Adjustments
0.00| 0.00 0.00
Total Principal Trust Distribution
1,127,260.11| 378,280.09 748,980.02
|
Scheduled Interest
1,062,061.76| 709,942.72 352,119.04
Servicing Fee
41,400.16| 27,820.99 13,579.17
Master Servicing Fee
2,660.04| 1,773.90 886.14
Spread
0.00| 0.00 0.00
Total Pass-Through Interest
1,003,411.89| 670,793.52 332,618.37
|
Beginning Balance
116,074,249.42| 77,406,481.49 38,667,767.93
Ending Balance
114,946,989.31| 77,028,201.40 37,918,787.91
Gross P&I Distribution
2,147,921.71| 1,060,401.82 1,087,519.89
Realized Losses/(Gains)
0.00| 0.00 0.00
Net P&I Trust Distribution
2,147,921.71| 1,060,401.82 1,087,519.89
|
Beginning Loan Count
1609| 1216 393
Number of Loan Payoffs
15| 8 7
Ending Loan Count
1594| 1208 386
|
Weighted Average Maturity
0.0000000000| 234.6500000000 347.6700000000
Weighted Average Gross Rate
0.000000000%| 11.139400000% 10.821800000%
Weighted Average Net Rate
0.000000000%| 10.708100000% 10.400400000%
Weighted Average Pass-Through Rate
0.000000000%| 10.531900000% 10.214300000%
Weighted Average Margin
0.000000000%| 0.000000000% 6.242600000%
|
Advances on Delinquencies
|
Current Period Principal
0.00| 0.00 0.00
Current Period Interest
0.00| 0.00 0.00
|
|
Report 8
03/14/96 -- 3:25pm
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