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Previous: FINANCIAL ASSET SECURITIES CORP, 8-K, 2000-12-28 |
Next: QUEBECOR WORLD INC, S-8, 2000-12-28 |
<TABLE>
<CAPTION>
Option One Mortgage Loan Trust
Asset-Backed Certificates
Record Date: 11/30/2000
Distribution Date: 12/20/2000
OOMC Series: 2000-5
Contact: Customer Service - CTSLink
Wells Fargo Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
A 68389FBH6 SEN 6.86875% 234,196,062.97 1,340,528.51 2,073,726.87
S OPT00005S SEN 5.00000% 0.00 98,750.42 0.00
BIO OPT005BIO SEN 0.00000% 340,376.29 2.35 0.00
R1 OPT0005R1 SEN 0.00000% 0.00 0.00 0.00
R2 OPT0005R2 SEN 0.00000% 0.00 0.00 0.00
R3 OPT0005R3 SEN 0.00000% 0.00 0.00 0.00
P OPT00005P JUN 0.00000% 100.00 50,884.68 0.00
X OPT00000X JUN 0.00000% 0.00 0.00 0.00
Totals 234,536,539.26 1,490,165.96 2,073,726.87
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
A 0.00 232,122,336.10 3,414,255.38 0.00
S 0.00 0.00 98,750.42 0.00
BIO 0.00 738,832.41 2.35 0.00
R1 0.00 0.00 0.00 0.00
R2 0.00 0.00 0.00 0.00
R3 0.00 0.00 0.00 0.00
P 0.00 100.00 50,884.68 0.00
X 0.00 0.00 0.00 0.00
Totals 0.00 232,861,268.51 3,563,892.83 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<S> <C> <C> <C> <C> <C> <C>
A 237,001,000.00 234,196,062.97 0.00 2,073,726.87 0.00 0.00
S 0.00 0.00 0.00 0.00 0.00 0.00
BIO 764.74 340,376.29 0.00 0.00 0.00 0.00
R1 0.00 0.00 0.00 0.00 0.00 0.00
R2 0.00 0.00 0.00 0.00 0.00 0.00
R3 0.00 0.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
X 0.00 0.00 0.00 0.00 0.00 0.00
Totals 237,001,864.74 234,536,539.26 0.00 2,073,726.87 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C>
A 2,073,726.87 232,122,336.10 0.97941501 2,073,726.87
S 0.00 0.00 0.00000000 0.00
BIO 0.00 738,832.41 966.12235531 0.00
R1 0.00 0.00 0.00000000 0.00
R2 0.00 0.00 0.00000000 0.00
R3 0.00 0.00 0.00000000 0.00
P 0.00 100.00 1.00000000 0.00
X 0.00 0.00 0.00000000 0.00
Totals 2,073,726.87 232,861,268.51 0.98252927 2,073,726.87
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<S> <C> <C> <C> <C> <C>
A 237,001,000.00 988.16487260 0.00000000 8.74986549 0.00000000
S 0.00 0.00000000 0.00000000 0.00000000 0.00000000
BIO 764.74 445087.59839946 0.00000000 0.00000000 0.00000000
R1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R2 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R3 0.00 0.00000000 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
X 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All Classes are per $1000 denomination
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
A 0.00000000 8.74986549 979.41500711 0.97941501 8.74986549
S 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
BIO 0.00000000 0.00000000 966122.35531030 966.12235531 0.00000000
R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A 237,001,000.00 6.86875% 234,196,062.97 1,340,528.51 0.00 0.00
S 0.00 5.00000% 23,700,100.00 98,750.42 0.00 0.00
BIO 764.74 0.00000% 340,376.29 0.00 0.00 0.00
R1 0.00 0.00000% 0.00 0.00 0.00 0.00
R2 0.00 0.00000% 0.00 0.00 0.00 0.00
R3 0.00 0.00000% 0.00 0.00 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
X 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 237,001,864.74 1,439,278.93 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Payment of Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A 0.00 0.00 1,340,528.51 0.00 232,122,336.10
S 0.00 0.00 98,750.42 0.00 23,700,100.00
BIO 0.00 0.00 2.35 0.00 738,832.41
R1 0.00 0.00 0.00 0.00 0.00
R2 0.00 0.00 0.00 0.00 0.00
R3 0.00 0.00 0.00 0.00 0.00
P 0.00 0.00 50,884.68 0.00 100.00
X 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 1,490,165.96 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A 237,001,000.00 6.86875% 988.16487260 5.65621457 0.00000000 0.00000000
S 0.00 5.00000% 1000.00000000 4.16666681 0.00000000 0.00000000
BIO 764.74 0.00000% 445087.59839946 0.00000000 0.00000000 0.00000000
R1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R3 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
X 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) All Classes are per $1000 denomination
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A 0.00000000 0.00000000 5.65621457 0.00000000 979.41500711
S 0.00000000 0.00000000 4.16666681 0.00000000 1000.00000000
BIO 0.00000000 0.00000000 3.07293982 0.00000000 966122.35531030
R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 508846.80000000 0.00000000 1000.00000000
X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
<S> <C> <C> <C> <C> <C> <C>
OC 0.00000% 0.00 0.00 340,376.29 738,832.41 96,612.23553103%
FSA 0.30000% 0.00 0.00 0.00 0.00 0.00000000%
RSV2 0.00000% 0.00 0.00 0.00 0.00 0.00000000%
FSA_REIMB 0.00000% 0.00 0.00 0.00 0.00 0.00000000%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 3,715,811.70
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 30,282.93
Realized Losses 0.00
Total Deposits 3,746,094.63
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 182,201.80
Payment of Interest and Principal 3,563,892.83
Total Withdrawals (Pool Distribution Amount) 3,746,094.63
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 97,723.53
WELLS FARGO 1,954.45
FSA 58,549.02
MI 23,974.80
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 182,201.80
</TABLE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<S> <C> <C> <C> <C>
Financial Guaranty 0.00 0.00 0.00 0.00
Reserve Fund 0.00 0.00 0.00 0.00
Reserve Fund 0.00 0.00 0.00 0.00
Reserve Fund 0.00 0.00 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<S> <C> <C> <C> <C> <C>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 9 0 0 9
1,294,181.98 0.00 0.00 1,294,181.98
30 Days 28 2 2 0 32
2,811,741.64 160,881.49 213,493.36 0.00 3,186,116.49
60 Days 3 1 7 0 11
294,387.55 129,807.71 733,234.87 0.00 1,157,430.13
90 Days 5 2 29 0 36
460,595.90 197,869.63 2,432,306.15 0.00 3,090,771.68
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 36 14 38 0 88
3,566,725.09 1,782,740.81 3,379,034.38 0.00 8,728,500.28
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0.427757% 0.000000% 0.000000% 0.427757%
0.555604% 0.000000% 0.000000% 0.555604%
30 Days 1.330798% 0.095057% 0.095057% 0.000000% 1.520913%
1.207106% 0.069068% 0.091655% 0.000000% 1.367828%
60 Days 0.142586% 0.047529% 0.332700% 0.000000% 0.522814%
0.126383% 0.055728% 0.314784% 0.000000% 0.496895%
90 Days 0.237643% 0.095057% 1.378327% 0.000000% 1.711027%
0.197738% 0.084947% 1.044211% 0.000000% 1.326896%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 1.711027% 0.665399% 1.806084% 0.000000% 4.182510%
1.531227% 0.765347% 1.450650% 0.000000% 3.747223%
</TABLE>
<TABLE>
<CAPTION>
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<S> <C> <C> <C> <C> <C>
Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 6 0 0 6
901,192.40 0.00 0.00 901,192.40
30 Days 12 1 0 0 13
1,500,383.07 63,625.15 0.00 0.00 1,564,008.22
60 Days 1 0 5 0 6
215,598.57 0.00 559,721.27 0.00 775,319.84
90 Days 2 1 12 0 15
217,094.98 91,899.54 969,880.78 0.00 1,278,875.30
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 15 8 17 0 40
1,933,076.62 1,056,717.09 1,529,602.05 0.00 4,519,395.76
0-29 Days 0.417246% 0.000000% 0.000000% 0.417246%
0.520326% 0.000000% 0.000000% 0.520326%
30 Days 0.834492% 0.069541% 0.000000% 0.000000% 0.904033%
0.866283% 0.036736% 0.000000% 0.000000% 0.903019%
60 Days 0.069541% 0.000000% 0.347705% 0.000000% 0.417246%
0.124481% 0.000000% 0.323169% 0.000000% 0.447650%
90 Days 0.139082% 0.069541% 0.834492% 0.000000% 1.043115%
0.125345% 0.053060% 0.559985% 0.000000% 0.738390%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 1.043115% 0.556328% 1.182197% 0.000000% 2.781641%
1.116109% 0.610122% 0.883153% 0.000000% 2.609384%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<S> <C> <C> <C> <C> <C>
Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 3 0 0 3
392,989.58 0.00 0.00 392,989.58
30 Days 16 1 2 0 19
1,311,358.57 97,256.34 213,493.36 0.00 1,622,108.27
60 Days 2 1 2 0 5
78,788.98 129,807.71 173,513.60 0.00 382,110.29
90 Days 3 1 17 0 21
243,500.92 105,970.09 1,462,425.37 0.00 1,811,896.38
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 21 6 21 0 48
1,633,648.47 726,023.72 1,849,432.33 0.00 4,209,104.52
0-29 Days 0.450450% 0.000000% 0.000000% 0.450450%
0.657891% 0.000000% 0.000000% 0.657891%
30 Days 2.402402% 0.150150% 0.300300% 0.000000% 2.852853%
2.195304% 0.162814% 0.357402% 0.000000% 2.715520%
60 Days 0.300300% 0.150150% 0.300300% 0.000000% 0.750751%
0.131898% 0.217307% 0.290474% 0.000000% 0.639679%
90 Days 0.450450% 0.150150% 2.552553% 0.000000% 3.153153%
0.407637% 0.177401% 2.448200% 0.000000% 3.033238%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 3.153153% 0.900901% 3.153153% 0.000000% 7.207207%
2.734839% 1.215413% 3.096076% 0.000000% 7.046329%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.01
Cumulative Realized Losses - Includes Interest Shortfall 61,292.30
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 30,282.93
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed ARM
Weighted Average Gross Coupon 10.334958%
Weighted Average Net Coupon 9.834957%
Weighted Average Pass-Through Rate 9.702289%
Weighted Average Maturity (Stepdown Calculation) 354
Beginning Scheduled Collateral Loan Count 2,118
Number Of Loans Paid In Full 14
Ending Scheduled Collateral Loan Count 2,104
Beginning Scheduled Collateral Balance 234,536,439.26
Ending Scheduled Collateral Balance 232,861,168.52
Ending Actual Collateral Balance at 30-Nov-2000 232,932,494.21
Monthly P &I Constant 2,176,966.64
Ending Scheduled Balance for Premium Loans 232,861,168.52
Scheduled Principal 106,145.12
Unscheduled Principal 1,569,125.62
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 398,456.13
Overcollateralized reduction Amount 0.00
Specified O/C Amount 5,925,046.62
Overcollateralized Amount 738,832.41
Overcollateralized Deficiency Amount 5,584,670.33
Base Overcollateralized Amount 0.00
Extra principal distribution Amount 398,456.13
Excess Cash Amount 398,456.13
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
NOTE: GRP 1 ARE MI LOANS, GRP 2 LOANS ARE NON-MI LOANS
Cumulative Losses for Prior 12 Months $61,292.30
Step Up Cumulative Loss Test NOT MET
Step Up Rolling Loss Test NOT MET
Cumulative Realized Loss Percentage 0.025861526%
Net WAC Carryover Amount $0.00
Reserve Account-- on Deposit $0.00
Reserve Account Addition $0.00
Cap Agreements-- received Amount $0.00
MI Claims Filed/Made/Rejected/Reduced in Dollars $0.00
MI Claims Filed/Made/Rejected/Reduced as a % of Orig. Pool Balance 0%
MI Claims Filed/Made/Rejected/Reduced as a % of the total # of mortgage loans 0%
MI Claims Filed/Made/Rejected/Reduced 12 month % 0%
Net WAC Rate 8.896301138%
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2 Total
Collateral Description Mixed ARM Mixed ARM
Weighted Average Coupon Rate 10.403214 11.151924
Weighted Average Net Rate 9.728213 10.641924
Weighted Average Maturity 352.00 352.00
Record Date 11/30/00 11/30/00
Principal And Interest Constant 1,595,062.33 581,904.31 2,176,966.64
Beginning Loan Count 1,449 669 2,118
Loans Paid In Full 11 3 14
Ending Loan Count 1,438 666 2,104
Beginning Scheduled Balance 174,362,104.85 60,174,334.41 234,536,439.26
Ending scheduled Balance 173,144,165.03 59,717,003.49 232,861,168.52
Scheduled Principal 83,457.16 22,687.96 106,145.12
Unscheduled Principal 1,134,482.66 434,642.96 1,569,125.62
Scheduled Interest 1,511,605.17 559,216.35 2,070,821.52
Servicing Fees 72,650.90 25,072.63 97,723.53
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,453.01 501.44 1,954.45
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 23,974.80 0.00 23,974.80
Pool Insurance Fee 0.00 0.00 0.00
Spread Fee 1 0.00 0.00 0.00
Spread Fee 2 0.00 0.00 0.00
Spread Fee 3 0.00 0.00 0.00
Net Interest 1,413,526.46 533,642.28 1,947,168.74
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 61,292.30 0.00 61,292.30
Percentage of Cumulative Losses 0.00 0.00 0.00
</TABLE>
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