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Previous: FINANCIAL ASSET SECURITIES CORP, 8-K, 2000-11-30 |
Next: SCB COMPUTER TECHNOLOGY INC, 8-K, 2000-11-30 |
<TABLE>
<CAPTION>
Option One Mortgage Loan Trust
Mortgage Pass-Through Certificates
Record Date: 10/31/00
Distribution Date: 11/20/00
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 6.87000% 237,001,000.00 814,098.44 2,804,937.03
S OPT00005S SEN 5.00000% 0.00 98,750.42 0.00
BIO OPT005BIO SEN 0.00000% 764.74 0.00 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% 0.00 542,732.29 0.00
P OPT00005P JUN 0.00000% 100.00 80,765.80 0.00
X OPT00000X JUN 0.00000% 0.00 0.00 0.00
Totals 237,001,864.74 1,536,346.95 2,804,937.03
</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 0.00 234,196,062.97 3,619,035.47 0.00
S 0.00 0.00 98,750.42 0.00
BIO 0.00 340,376.29 0.00 0.00
R1 0.00 0.00 0.00 0.00
R2 0.00 0.00 0.00 0.00
R3 0.00 0.00 542,732.29 0.00
P 0.00 100.00 80,765.80 0.00
X 0.00 0.00 0.00 0.00
Totals 0.00 234,536,539.26 4,341,283.98 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 237,001,000.00 237,001,000.00 0.00 2,804,937.03 0.00 0.00
S 0.00 0.00 0.00 0.00 0.00 0.00
BIO 764.74 764.74 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 237,001,864.74 237,001,864.74 0.00 2,804,937.03 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 2,804,937.03 234,196,062.97 0.98816487 2,804,937.03
S 0.00 0.00 0.00000000 0.00
BIO 0.00 340,376.29 445.08759840 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 2,804,937.03 234,536,539.26 0.98959786 2,804,937.03
</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 1000.00000000 0.00000000 11.83512740 0.00000000
S 0.00 0.00000000 0.00000000 0.00000000 0.00000000
BIO 764.74 1000.00000000 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 11.83512740 988.16487260 0.98816487 11.83512740
S 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
BIO 0.00000000 0.00000000 445,087.59839946 445.08759840 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 6.87000% 237,001,000.00 814,098.44 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% 764.74 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 237,001,864.74 912,848.86 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Remaining 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 0.00 814,098.44 0.00 234,196,062.97
S 0.00 0.00 98,750.42 0.00 23,700,100.00
BIO 0.00 0.00 0.00 0.00 340,376.29
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 0.00 542,732.29 0.00 0.00
P 0.00 0.00 80,765.80 0.00 100.00
X 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 1,536,346.95 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 6.87000% 1000.00000000 3.43500002 0.00000000 0.00000000
S 0.00 5.00000% 1000.00000000 4.16666681 0.00000000 0.00000000
BIO 764.74 0.00000% 1000.00000000 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 3.43500002 0.00000000 988.16487260
S 0.00000000 0.00000000 4.16666681 0.00000000 1000.00000000
BIO 0.00000000 0.00000000 0.00000000 0.00000000 445087.59839946
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 807658.00000000 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 0.00 764.74 340,376.29 44,508.75983995%
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 4,586,740.72
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses (61,292.30)
Total Deposits 4,525,448.42
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 184,164.44
Payment of Interest and Principal 4,341,283.98
Total Withdrawals (Pool Distribution Amount) 4,525,448.42
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 98,694.53
WELLS FARGO 1,975.03
FSA 59,250.25
MI 24,244.63
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 184,164.44
</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
1,380,293.17 0.00 0.00 1,380,293.17
30 Days 28 1 0 0 29
2,813,776.44 129,846.93 0.00 0.00 2,943,623.37
60 Days 10 2 13 0 25
1,056,489.86 197,921.77 1,138,820.16 0.00 2,393,231.79
90 Days 1 0 14 0 15
50,983.53 0.00 1,051,310.63 0.00 1,102,294.16
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 39 12 27 0 78
3,921,249.83 1,708,061.87 2,190,130.79 0.00 7,819,442.49
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 0.424929% 0.000000% 0.000000% 0.424929%
0.588396% 0.000000% 0.000000% 0.588396%
30 Days 1.322002% 0.047214% 0.000000% 0.000000% 1.369216%
1.199466% 0.055352% 0.000000% 0.000000% 1.254817%
60 Days 0.472144% 0.094429% 0.613787% 0.000000% 1.180359%
0.450364% 0.084371% 0.485460% 0.000000% 1.020194%
90 Days 0.047214% 0.000000% 0.661001% 0.000000% 0.708215%
0.021733% 0.000000% 0.448156% 0.000000% 0.469889%
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 1.841360% 0.566572% 1.274788% 0.000000% 3.682720%
1.671563% 0.728118% 0.933616% 0.000000% 3.333297%
</TABLE>
<TABLE> Delinquency Status By Groups
<CAPTION>
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
986,851.25 0.00 0.00 986,851.25
30 Days 13 0 0 0 13
1,628,202.23 0.00 0.00 0.00 1,628,202.23
60 Days 4 1 5 0 10
356,743.53 91,920.08 568,391.63 0.00 1,017,055.24
90 Days 1 0 6 0 7
50,983.53 0.00 401,417.96 0.00 452,401.49
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 18 7 11 0 36
2,035,929.29 1,078,771.33 969,809.59 0.00 4,084,510.21
0-29 Days 0.414079% 0.000000% 0.000000% 0.414079%
0.565857% 0.000000% 0.000000% 0.565857%
30 Days 0.897170% 0.000000% 0.000000% 0.000000% 0.897170%
0.933606% 0.000000% 0.000000% 0.000000% 0.933606%
60 Days 0.276052% 0.069013% 0.345066% 0.000000% 0.690131%
0.204556% 0.052707% 0.325914% 0.000000% 0.583176%
90 Days 0.069013% 0.000000% 0.414079% 0.000000% 0.483092%
0.029234% 0.000000% 0.230172% 0.000000% 0.259406%
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 1.242236% 0.483092% 0.759144% 0.000000% 2.484472%
1.167395% 0.618564% 0.556086% 0.000000% 2.342045%
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
393,441.92 0.00 0.00 393,441.92
30 Days 15 1 0 0 16
1,185,574.21 129,846.93 0.00 0.00 1,315,421.14
60 Days 6 1 8 0 15
699,746.33 106,001.69 570,428.53 0.00 1,376,176.55
90 Days 0 0 8 0 8
0.00 0.00 649,892.67 0.00 649,892.67
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 5 16 0 42
1,885,320.54 629,290.54 1,220,321.20 0.00 3,734,932.28
0-29 Days 0.448430% 0.000000% 0.000000% 0.448430%
0.653704% 0.000000% 0.000000% 0.653704%
30 Days 2.242152% 0.149477% 0.000000% 0.000000% 2.391629%
1.969834% 0.215741% 0.000000% 0.000000% 2.185575%
60 Days 0.896861% 0.149477% 1.195815% 0.000000% 2.242152%
1.162630% 0.176122% 0.947768% 0.000000% 2.286520%
90 Days 0.000000% 0.000000% 1.195815% 0.000000% 1.195815%
0.000000% 0.000000% 1.079798% 0.000000% 1.079798%
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 3.139013% 0.747384% 2.391629% 0.000000% 6.278027%
3.132463% 1.045567% 2.027566% 0.000000% 6.205596%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
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 0.00
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed ARM
Weighted Average Gross Coupon 10.331814%
Weighted Average Net Coupon 9.832099%
Weighted Average Pass-Through Rate 9.699341%
Weighted Average Maturity(Stepdown Calculation ) 355
Beginning Scheduled Collateral Loan Count 2,136
Number Of Loans Paid In Full 18
Ending Scheduled Collateral Loan Count 2,118
Beginning Scheduled Collateral Balance 237,001,764.74
Ending Scheduled Collateral Balance 234,536,439.26
Ending Actual Collateral Balance at 31-Oct-2000 234,585,849.35
Monthly P &I Constant 2,226,904.94
Ending Scheduled Balance for Premium Loans 234,536,439.26
Scheduled Principal 105,589.74
Unscheduled Principal 2,359,835.74
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 400,803.85
Overcollateralized reduction Amount 0.00
Specified O/C Amount 5,925,046.62
Overcollateralized Amount 340,376.29
Overcollateralized Deficiency Amount 5,985,474.18
Base Overcollateralized Amount 0.00
Extra principal distribution Amount 400,803.85
Excess Cash Amount 943,536.14
</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 8.89934376935%
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2 Total
Collateral Description Mixed ARM Mixed ARM
Weighted Average Coupon Rate 10.447261 11.593615
Weighted Average Net Rate 9.772261 11.084727
Weighted Average Maturity 353.00 353.00
Beginning Loan Count 1,464 672 2,136
Loans Paid In Full 15 3 18
Ending Loan Count 1,449 669 2,118
Beginning Scheduled Balance 176,324,437.95 60,677,426.79 237,001,864.74
Ending scheduled Balance 174,362,104.85 60,174,334.41 234,536,439.26
Record Date 10/31/00 10/31/00
Principal And Interest Constant 1,618,206.92 608,698.02 2,226,904.94
Scheduled Principal 83,117.34 22,472.40 105,589.74
Unscheduled Principal 1,879,215.76 480,619.98 2,359,835.74
Scheduled Interest 1,535,089.58 586,225.62 2,121,315.20
Servicing Fees 73,468.52 25,226.01 98,694.53
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,469.36 505.67 1,975.03
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 24,244.63 0.00 24,244.63
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 1,435,907.07 560,493.94 1,996,401.01
Realized Loss Amount 61,292.30 0.00 61,292.30
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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