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Previous: FORD CREDIT AUTO RECEIVABLES TWO L P, 8-K/A, EX-19.1, 2001-01-10 |
Next: FORD CREDIT AUTO RECEIVABLES TWO L P, 8-K/A, EX-19.3, 2001-01-10 |
Exhibit 19.2
Ford Credit Auto Owner Trust 2000-B
Monthly Servicing Report
<TABLE>
<CAPTION>
<S> <C>
Collection Period December, 2000
Distribution Date 1/16/01
Transaction Month 9
I. ORIGINAL DEAL PARAMETERS
Dollar Amount # of Contracts
Original Portfolio: $2,300,017,517.50 161,099
Original Securities: Dollar Amount Coupon Legal Final Maturity
Class A-1 Notes $470,000,000.00 6.590% October 15, 2001
Class A-2 Notes 388,000,000.00 6.820% August 15, 2002
Class A-3 Notes 321,500,000.00 6.970% April 15, 2003
Class A-4 Notes 249,000,000.00 7.030% November 15, 2003
Class A-5 Notes 181,880,000.00 7.070% April 15, 2004
Class B Notes 76,260,000.00 7.320% August 15, 2004
Class C Certificates 43,580,000.00 7.700% October 15, 2004
Class D Certificates 43,580,000.00 9.000% July 15, 2005
Variable Pay Term Note 1 448,620,000.00 6.757% April 15, 2004
--------------
Total $2,222,420,000.00
II. COLLECTIONS
Interest: Simple Interest Loans Precomputed Loans Total
Interest Collections $8,102,335.80 $17,152.70 $8,119,488.50
Repurchased Loan Proceeds Related to Interest 11,105.85 0.00 11,105.85
--------- ---- ---------
Total $8,113,441.65 $17,152.70 $8,130,594.35
Servicer Advances:
Principal Advances $0.00 $11,965.60 $11,965.60
Interest Advances 3,355,784.36 3,100.10 3,358,884.46
------------ -------- ------------
Total $3,355,784.36 $15,065.70 $3,370,850.06
Principal:
Principal Collections $37,943,060.83 $69,952.79 $38,013,013.62
Prepayments in Full 17,779,143.70 35,666.74 17,814,810.44
Prepayments in Full Due to Administrative Repurchases 0.00 668.15 668.15
Repurchased Loan Proceeds Related to Principal 373,258.58 0.00 373,258.58
Payahead Draws 0.00 8,243.91 8,243.91
---- -------- --------
Total $56,095,463.11 $114,531.59 $56,209,994.70
Liquidation Proceeds $676,947.53
Recoveries from Prior Month Charge-Offs 7,683.53
--------
Total Principal Collections $56,894,625.76
Principal Losses for Collection Period $1,670,438.77
Total Regular Principal Reduction $57,892,399.07
Total Collections $68,396,070.17
<PAGE>
Ford Credit Auto Owner Trust 2000-B
Monthly Servicing Report
Collection Period December, 2000
Distribution Date 1/16/01
Transaction Month 9
III. FUNDS AVAILABLE FOR DISTRIBUTION
Total Collections $68,396,070.17
Net Swap Receipt 43,946.90
Reserve Account Release 0.00
Reserve Account Draw 0.00
VPTN Issuance Proceeds 0.00
Accumulation Account Draw 0.00
----
Total Available for Distribution to Noteholders and Certificateholders $68,440,017.07
IV. DISTRIBUTIONS
Servicing Fee: Amount Due Amount Paid Shortfall
Total Amount $1,457,457.18 $1,457,457.18 $0.00
Amount per $1,000 of Original Balance 0.66 0.66 0.00
Net Swap Payment $0.00
Change in
Noteholders Interest: Amount Due Amount Paid Shortfall Carryover Shortfall Carryover Shortfall
Class A1 Notes $0.00 $0.00 $0.00 $0.00 $0.00
Class A2 Notes 2,205,133.33 2,205,133.33 0.00 0.00 0.00
Class A3 Notes 1,867,379.17 1,867,379.17 0.00 0.00 0.00
Class A4 Notes 1,458,725.00 1,458,725.00 0.00 0.00 0.00
Class A5 Notes 1,071,576.33 1,071,576.33 0.00 0.00 0.00
Class B Notes 465,186.00 465,186.00 0.00 0.00 0.00
---------- ---------- ---- ---- ----
Total $7,067,999.83 $7,067,999.83 $0.00 $0.00 $0.00
Certificateholders Interest:
Class C Certificates $279,638.33 $279,638.33 $0.00 $0.00 $0.00
Class D Certificates 326,850.00 326,850.00 0.00 0.00 0.00
---------- ---------- ---- ---- ----
Total $606,488.33 $606,488.33 $0.00 $0.00 $0.00
Variable Pay Term Note Interest:
Variable Pay Term Note 1 $0.00 $0.00 $0.00 $0.00 $0.00
Variable Pay Term Note 2 $2,199,502.88 $2,199,502.88 $0.00 $0.00 $0.00
Variable Pay Term Note 3 $0.00 $0.00 $0.00 $0.00 $0.00
Variable Pay Term Note 4 $0.00 $0.00 $0.00 $0.00 $0.00
Variable Pay Term Note 5 $0.00 $0.00 $0.00 $0.00 $0.00
Variable Pay Term Note 6 $0.00 $0.00 $0.00 $0.00 $0.00
----- ----- ----- ----- -----
Total $2,199,502.88 $2,199,502.88 $0.00 $0.00 $0.00
Total Note Interest: $9,267,502.71 $9,267,502.71 $0.00 $0.00 $0.00
Total Note and Cert. Interest: $9,873,991.04 $9,873,991.04 $0.00 $0.00 $0.00
Principal Distribution Amounts
First Priority Distribution Amount $0.00
Second Priority Distribution Amount 0.00
Regular Principal Distribution Amount 64,680,746.17
-------------
Principal Distribution Amount $64,680,746.17
<PAGE>
Ford Credit Auto Owner Trust 2000-B
Monthly Servicing Report
Collection Period December, 2000
Distribution Date 1/16/01
Transaction Month 9
Noteholder Principal Distributions:
Class A1 Notes $0.00
Class A2 Notes 0.00
Class A3 Notes 0.00
Class A4 Notes 0.00
Class A5 Notes 0.00
Class B Notes 0.00
----
Total Note Principal Paid $0.00
Certificateholder Principal Distributions:
Class C Certificates $0.00
Class D Certificates 0.00
----
Total Certificate Principal Paid $0.00
Variable Pay Term Note Distributions:
Variable Pay Term Note 1 $0.00
Variable Pay Term Note 2 $57,108,568.85
Variable Pay Term Note 3 $0.00
Variable Pay Term Note 4 $0.00
Variable Pay Term Note 5 $0.00
Variable Pay Term Note 6 $0.00
-----
Total Variable Pay Term Note Principal Paid $57,108,568.85
Total Note and Certificate Principal Paid: $57,108,568.85
Deposit to Reserve $0.00
Collections Released to Servicer $0.00
Deposit to Accumulation Account $0.00
Total Available for Distribution $68,440,017.07
Total Distribution (incl. Servicing Fee) $68,440,017.07
V. DISTRIBUTION PER $1,000 OF ORIGINAL BALANCE
Principal Interest Total
Distribution Distribution Distribution
Class A1 Notes $0.00 $0.00 $0.00
Class A2 Notes 0.00 5.68 5.68
Class A3 Notes 0.00 5.81 5.81
Class A4 Notes 0.00 5.86 5.86
Class A5 Notes 0.00 5.89 5.89
Class B Notes 0.00 6.10 6.10
---- ---- ----
Total Notes $0.00 $4.19 $4.19
Class C Certificates $0.00 $6.42 $6.42
Class D Certificates 0.00 7.50 7.50
---- ---- ----
Total Certificates $0.00 $6.96 $6.96
Variable Pay Term Note 1 $0.00 $0.00 $0.00
Variable Pay Term Note 2 $121.51 $4.68 $126.19
Variable Pay Term Note 3 $0.00 $0.00 $0.00
Variable Pay Term Note 4 $0.00 $0.00 $0.00
Variable Pay Term Note 5 $0.00 $0.00 $0.00
Variable Pay Term Note 6 $0.00 $0.00 $0.00
----- ----- -----
Total Variable Pay Term Notes $27.74 $1.07 $28.80
Total Notes and Certificates: $25.45 $4.40 $29.85
<PAGE>
Ford Credit Auto Owner Trust 2000-B
Monthly Servicing Report
Collection Period December, 2000
Distribution Date 1/16/01
Transaction Month 9
VI. POOL BALANCE AND PORTFOLIO INFORMATION
Beginning of Period End of Period
Balance Pool Factor Balance Pool Factor
Aggregate Balance of Notes $1,582,850,549.91 0.7339429 $1,525,741,981.06 0.7074625
Class A1 Notes 0.00 0.0000000 0.00 0.0000000
Class A2 Notes 388,000,000.00 1.0000000 388,000,000.00 1.0000000
Class A3 Notes 321,500,000.00 1.0000000 321,500,000.00 1.0000000
Class A4 Notes 249,000,000.00 1.0000000 249,000,000.00 1.0000000
Class A5 Notes 181,880,000.00 1.0000000 181,880,000.00 1.0000000
Class B Notes 76,260,000.00 1.0000000 76,260,000.00 1.0000000
Class C Certificates 43,580,000.00 1.0000000 43,580,000.00 1.0000000
Class D Certificates 43,580,000.00 1.0000000 43,580,000.00 1.0000000
Variable Pay Term Note 1 0.00 0.0000000 0.00 0.0000000
Variable Pay Term Note 2 366,210,549.91 0.7791714 309,101,981.06 0.6576638
Variable Pay Term Note 3 0.00 0.0000000 0.00 0.0000000
Variable Pay Term Note 4 0.00 0.0000000 0.00 0.0000000
Variable Pay Term Note 5 0.00 0.0000000 0.00 0.0000000
Variable Pay Term Note 6 0.00 0.0000000 0.00 0.0000000
---- --------- ---- ---------
Total $1,670,010,549.91 0.7442778 $1,612,901,981.06 0.7188261
Portfolio Information
Weighted Average Coupon (WAC) 7.86% 7.87%
Weighted Average Remaining Maturity (WAM) 39.61 38.71
Remaining Number of Receivables 143,197 141,240
Portfolio Receivable Balance $1,748,948,619.86 $1,691,056,220.79
VII. OVERCOLLATERALIZATION INFORMATION
Specified Overcollateralization Amount $5,410,474.62
Specified Credit Enhancement Amount $16,910,562.21
Yield Supplement Overcollateralization Amount $80,315,942.43
Target Level of Overcollateralization $85,726,417.05
VIII. RECONCILIATION OF RESERVE ACCOUNT
Beginning Reserve Account Balance $11,500,087.59
Specified Reserve Account Balance 11,500,087.59
Reserve Release Amount 0.00
Reserve Account Draws 0.00
Reserve Account Deposits Made 0.00
----
Ending Reserve Account Balance $11,500,087.59
Change in Reserve Account Balance $0.00
IX. RECONCILIATION OF ACCUMULATION ACCOUNT
Beginning Accumulation Account Balance $0.00
Deposit to Accumulation Account 0.00
Release of Accumulated Balance 0.00
----
Ending Accumulation Account Balance $0.00
<PAGE>
Ford Credit Auto Owner Trust 2000-B
Monthly Servicing Report
Collection Period December, 2000
Distribution Date 1/16/01
Transaction Month 9
X. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
Liquidation Proceeds $676,947.53
Recoveries from Prior Month Charge-Offs $7,683.53
Total Losses for Collection Period $1,773,510.36
Charge-off Rate for Collection Period 0.75%
Cumulative Net Losses for all Periods $4,657,950.74
Delinquent Receivables: # of Contracts Amount
31-60 Days Delinquent 1,709 $21,316,217.84
61-90 Days Delinquent 272 $3,455,198.96
91-120 Days Delinquent 75 $914,020.81
Over 120 Days Delinquent 59 $721,481.69
Repossesion Inventory 195 $2,748,673.48
Ratio of Net Losses to the Average Pool Balance:
Second Preceding Collection Period 0.6450%
Preceding Collection Period 0.6663%
Current Collection Period 0.7597%
Three Month Average 0.6903%
Ratio of 60+ Delinquent Contracts to Outstanding Receivables:
Second Preceding Collection Period 0.1726%
Preceding Collection Period 0.2179%
Current Collection Period 0.2875%
Three Month Average 0.2260%
<PAGE>
Ford Credit Auto Owner Trust 2000-B
Monthly Servicing Report
Collection Period December, 2000
Distribution Date 1/16/01
Transaction Month 9
Worksheet Information
Servicer Advances Simple Interest Loans Precomputed Loans
Beginning Servicer Advances $4,914,693.35 $60,967.09
New Advances 3,338,784.91 15,041.13
Servicer Advance Recoveries 1,351,519.27 9,509.86
------------ --------
Ending Servicer Advances $6,901,958.99 $66,498.36
Current Month Interest Advances for Prepaid Loans $16,999.45 $24.57
Payahead Account
Beginning Payahead Account Balance $20,648.52
Additional Payaheads 42,393.51
Payahead Draws 45,036.31
---------
Ending Payahead Account Balance $18,005.72
</TABLE>
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