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Previous: PRUDENTIAL SEC SECURED FIN COR COM MOR PA TH CE S 1995 MCF-2, 8-K, 1997-01-02 |
Next: SALOMON BROTHERS MORT SEC VII INC MOR PA THR CER SER 1996-C1, 8-K, 1997-01-02 |
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
aCURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 26, 1996
NOMURA ASSET SECURITIES CORPORATION
(exact name of Registrant as specified in its Charter)
Delaware 33-82746 13-3672336
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Formation) File No.) Identification No.)
2 World Financial Center, Building B, 21st Floor, NY, NY 10281-1198
(Address of principal executive office)
Registrant's telephone number, including area code: (212) 667-9300
This Document contains exactly 4 Pages.
The Exhibit Index is on page 4.
<PAGE>
Item 5. Other Events
This Current Report on Form 8-K relates to the Trust
Fund formed, and the Home Equity Loan Pass-Through Certificates
Series 1995-2 issued pursuant to a Pooling and Servicing
Agreement, dated as of December 1, 1995 (the "Pooling and Servicing
Agreement"), by and among Nomura Asset Securities Corporation (the
"Company"), as depositor, Industry Mortgage and PHH Mortgage Services
Corporation, as servicers, LaSalle National Bank, as trustee (the
"Trustee") and ABN AMRO BANK N.V., as fiscal agent.
Capitalized terms used herein and not defined herein have
the same meanings ascribed to such terms in the Pooling and
Servicing Agreement.
Pursuant to Section 3.14 of the Pooling and Servicing
Agreement, the Trustee is filing this Current Report containing the
December 26, 1996 monthly distribution report prepared by the Trustee
pursuant to Section 4.02(a) thereof.
The information reported and contained herein has been supplied to
the Trustee by one or more of the Borrowers or other third parties
without independent review or investigation by the Trustee. Pursuant to
the Pooling and Servicing Agreement, the Trustee is not responsible for
the accuracy or completeness of such information.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(c) Exhibits
Item 601(a) of Regulation
Exhibit No. S-K Exhibit No. Description
5.1 99 Monthly distribution
report pursuant to
Section 4.02(a) dated
December 26, 1996
<PAGE>
SIGNATURE
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.
LASALLE NATIONAL BANK IN ITS CAPACITY
AS TRUSTEE UNDER THE POOLING AND
SERVICING AGREEMENT ON BEHALF OF NOMURA
ASSET SECURITIES CORPORATION,
REGISTRANT
By: /s/ Russell Goldenberg
Russell Goldenberg
Title: Vice President
Date: December 31, 1996
<PAGE>
EXHIBIT INDEX
Item 601(a) of Regulation
Exhibit No. S-K Exhibit No. Description
5.1 99 Monthly distribution
report pursuant to
Section 4.02(a) dated
December 26, 1996
ABN AMRO
LaSalle National Bank
Administrator:
Ryan Kutty (800) 246-5761
135 S. LaSalle Street Suite 1740
Chicago, IL 60603
^Nomura Asset Securities Corporation
^Industry Mortgage Company L.P.
^PHH Mortgage Services Corporation
^Home Equity Loan Pass-Through Certificates
^Series 1995-2
^ABN AMRO Acct: 67-7445-41-3
Statement Date: 12/26/96
Payment Date: 12/26/96
Prior Payment: 11/25/96
Record Date: 11/29/96
WAC: 10.123311%
WAMM: 339
^REMIC II
Original Opening Principal
Class (4) Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
1-A 25,000,000.00 16,080,582.10 714,860.94
655356HC0 1000.000000 643.223284 28.594438
2-A-1 22,000,000.00 0.00 0.00
655356HD8 1000.000000 0.000000 0.000000
2-A-2 31,000,000.00 23,538,331.57 3,836,629.49
655356HE6 1000.000000 759.301018 123.762242
2-A-3 12,000,000.00 12,000,000.00 0.00
655356HF3 1000.000000 1000.000000 0.000000
2-A-4 26,000,000.00 26,000,000.00 0.00
655356HG1 1000.000000 1000.000000 0.000000
2-M 29,698,447.00 29,698,447.00 0.00
655356HH9 1000.000000 1000.000000 0.000000
B 0.00 0.00 0.00
655356HJ5 1000.000000 0.000000 0.000000
R 0.00 0.00 0.00
655356HK2 1000.000000 0.000000 0.000000
145,698,447.00 107,317,360.67 4,551,490.43
Principal Negative Closing Interest
Class (4) Adj. or Loss Amortization Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000 Per $1,000
1-A 0.00 0.00 15,365,721.16 79,967.39
655356HC0 0.000000 0.000000 614.628846 3.198696
2-A-1 0.00 0.00 0.00 0.00
655356HD8 0.000000 0.000000 0.000000 0.000000
2-A-2 0.00 0.00 19,701,702.08 122,595.48
655356HE6 0.000000 0.000000 635.538777 3.954693
2-A-3 0.00 0.00 12,000,000.00 63,200.00
655356HF3 0.000000 0.000000 1000.000000 5.266667
2-A-4 0.00 0.00 26,000,000.00 143,216.67
655356HG1 0.000000 0.000000 1000.000000 5.508333
2-M 0.00 0.00 29,698,447.00 176,210.79
655356HH9 0.000000 0.000000 1000.000000 5.933333
B 0.00 0.00 0.00 0.00
655356HJ5 0.000000 0.000000 0.000000 0.000000
R 0.00 0.00 0.00 0.00
655356HK2 0.000000 0.000000 0.000000 0.000000
0.00 0.00 102,765,870.24 585,190.33
Total P&I Payment 5,136,680.76
Interest Pass-Through
Class (4) Adjustment Rate (2)
CUSIP Per $1,000 Next Rate (3)
1-A 0.00 5.775000%
655356HC0 0.000000 6.067970%
2-A-1 0.00 6.270000%
655356HD8 0.000000 Fixed
2-A-2 0.00 6.250000%
655356HE6 0.000000 Fixed
2-A-3 0.00 6.320000%
655356HF3 0.000000 Fixed
2-A-4 0.00 6.610000%
655356HG1 0.000000 Fixed
2-M 0.00 7.120000%
655356HH9 0.000000 7.120000%
B 0.00 0.000000%
655356HJ5 0.000000 0.000000%
R 0.00 0.000000%
655356HK2 0.000000 0.000000%
0.00
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus
Deferred Interest equals Accrual (3) Estimated
^REMIC I
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
Regular 1-A 25,000,000.00 16,744,762.95 659,258.51
None 1000.000000 669.790518 26.370340
Regular 2-A-1 22,000,000.00 0.00 0.00
None 1000.000000 0.000000 0.000000
Regular 2-A-2 31,000,000.00 26,667,311.78 3,599,416.37
None 1000.000000 860.235864 116.110205
Regular 2-A-3 12,000,000.00 12,000,000.00 0.00
None 1000.000000 1000.000000 0.000000
Regular 2-A-4 26,000,000.00 26,000,000.00 0.00
None 1000.000000 1000.000000 0.000000
Regular 2-M 29,698,447.00 29,649,446.50 0.00
None 1000.000000 998.350065 0.000000
R 0.00 0.00 0.00
None 1000.000000 0.000000 0.000000
145,698,447.00 111,061,521.23 4,258,674.88
Principal Negative Closing Interest
Class Adj. or Loss Amortization Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000 Per $1,000
Regular 1-A 0.00 0.00 16,085,504.44 137,111.95
None 0.000000 0.000000 643.420178 5.484478
Regular 2-A-1 0.00 0.00 0.00 0.00
None 0.000000 0.000000 0.000000 0.000000
Regular 2-A-2 0.00 0.00 23,067,895.41 212,395.76
None 0.000000 0.000000 744.125658 6.851476
Regular 2-A-3 0.00 0.00 12,000,000.00 95,575.78
None 0.000000 0.000000 1000.000000 7.964648
Regular 2-A-4 0.00 0.00 26,000,000.00 207,080.85
None 0.000000 0.000000 1000.000000 7.964648
Regular 2-M 0.00 0.00 29,649,446.50 236,147.41
None 0.000000 0.000000 998.350065 7.951507
R 0.00 0.00 0.00 0.00
None 0.000000 0.000000 0.000000 0.000000
0.00 0.00 106,802,846.35 888,311.75
Total P&I Payment 5,146,986.63
Interest Pass-Through
Class Adjustment Rate (2)
CUSIP Per $1,000 Next Rate (3)
Regular 1-A 0.00 9.826018%
None 0.000000 NA
Regular 2-A-1 0.00 9.557578%
None 0.000000 NA
Regular 2-A-2 0.00 9.557578%
None 0.000000 NA
Regular 2-A-3 0.00 9.557578%
None 0.000000 NA
Regular 2-A-4 0.00 9.557578%
None 0.000000 NA
Regular 2-M 0.00 9.557578%
None 0.000000 NA
R 0.00 0.000000%
None 0.000000
0.00
Unpaid Interest
Class Shortfall
1-A 0.00
2-A-1 0.00
2-A-2 0.00
2-A-3 0.00
2-A-4 0.00
2-M 0.00
B 0.00
Beginning Ending
Loan Group Balance Loan Count Balance Loan Count
One 16,744,762.95 174 16,085,504.44 168
Two 94,316,758.28 981 90,717,341.91 949
Total 111,061,521.23 1155 106,802,846.35 1117
Available Distribution Insured
Loan Group WAMM Amount Payments
One 344 796,370.46 0.00
Two 338 4,350,616.17 0.00
Total 339 5,146,986.63 0.00
Note: Foreclosure, Bankruptcy and REO Totals are
Included in the Appropriate Delinquency Aging Category
Advances
Prior Outstanding Current Month
Principal Interest Principal Interest
Servicer 53,465.18 843,625.84 26,101.50 391,399.79
Trustee 0.00 0.00 0.00 0.00
Fiscal Agent 0.00 0.00 0.00 0.00
Total 53,465.18 843,625.84 26,101.50 391,399.79
Recovered Advances Outstanding
Principal Interest Principal Interest
Servicer 31,240.05 412,431.07 48,326.63 822,594.57
Trustee 0.00 0.00 0.00 0.00
Fiscal Agent 0.00 0.00 0.00 0.00
Total 31,240.05 412,431.07 48,326.63 822,594.57
Servicing Fees
Group 1 Group 2 Total
Gross 7,427.26 39,335.27 46,762.53
Less Delinquent (3,403.27) (16,806.95) (20,210.22)
Less Allocable to 3,564.33 18,218.87 21,783.20
Net 7,588.32 40,747.19 48,335.51
Has Group 1 Trigger Event Occurred ?
Has A Certificate Insurer Default Occurred ?
REO Property
Group 1 Group 2 Total
Number 0 0 0
Aggregate Balance 0.00 0.00 0.00
Book Value 0.00 0.00 0.00
Recoveries on Previously Foreclosed Loans: 0.00
^Total Group 1 & Group 2
Delinquencies & REOs
Distribution Delinq 1 Month Delinq 2 Months
Date # Balance # Balance
12/26/96 144 12,957,681 16 1,492,462
12.47% 11.667% 1.39% 1.344%
11/25/96 104 10,000,430 21 1,765,297
8.72% 8.651% 1.72% 1.491%
10/25/96 110 10,329,517 8 997,519
9.02% 8.723% 0.64% 0.829%
09/25/96 98 10,206,126 18 2,085,165
7.88% 8.485% 1.45% 1.734%
08/26/96 71 7,716,694 19 1,662,954
5.56% 6.256% 1.49% 1.348%
07/25/96 88 8,475,412 20 1,776,750
6.74% 6.691% 1.53% 1.403%
06/25/96 82 7,988,925 18 1,586,823
6.10% 6.103% 1.34% 1.212%
05/28/96 64 6,184,963 11 862,767
4.63% 4.545% 0.80% 0.634%
04/25/96 67 7,032,451 23 2,039,314
4.76% 5.042% 1.63% 1.462%
03/25/96 77 7,180,372 21 1,751,090
5.38% 5.073% 1.47% 1.237%
02/26/96 73 7,177,427 2 145,501
5.06% 5.016% 0.14% 0.102%
01/25/96 1 90,087 1 102,806
0.07% 0.065% 0.07% 0.075%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
Distribution Delinq 3+ Months Foreclosure
Date # Balance # Balance
12/26/96 63 5,731,800 26 2,068,322
5.45% 5.161% 2.25% 1.862%
11/25/96 60 5,434,637 27 2,178,723
4.92% 4.589% 2.26% 1.885%
10/25/96 62 6,073,484 27 2,239,901
4.99% 5.049% 2.21% 1.892%
09/25/96 45 3,731,008 26 2,190,191
3.62% 3.102% 2.09% 1.821%
08/26/96 41 3,302,214 29 2,301,481
3.21% 2.677% 2.27% 1.866%
07/25/96 38 3,067,618 19 1,310,853
2.91% 2.422% 1.45% 1.035%
06/25/96 28 2,129,607 19 1,311,314
2.08% 1.627% 1.41% 1.002%
05/28/96 27 2,064,080 14 1,014,057
1.95% 1.517% 1.01% 0.745%
04/25/96 12 935,954 5 391,101
0.85% 0.671% 0.35% 0.280%
03/25/96 1 98,799 0 0
0.07% 0.070% 0.00% 0.000%
02/26/96 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/25/96 3 354,124 0 0
0.21% 0.257% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
Note: Foreclosure and REO Totals are Included in the
Appropriate Delinquency Aging Category
Prepayments
Distribution Balance Begin Pool Prepayment $ Sched
Date Of REOs Balance (#) (# of Payoffs) Principal
12/26/96 0 111,061,521 4,200,214 58,461
0.000% 1,155 37
11/25/96 0 115,596,426 4,474,756 60,149
0.000% 1,193 38
10/25/96 0 118,416,117 2,739,922 79,769
0.000% 1,220 27
09/25/96 0 120,280,042 1,799,600 64,326
0.000% 1,243 23
08/26/96 0 123,345,379 3,000,270 65,067
0.000% 1,277 34
07/25/96 0 126,676,611 3,265,019 66,212
0.000% 1,306 29
06/25/96 0 130,901,977 4,157,676 67,690
0.000% 1,345 39
05/28/96 0 136,068,283 5,096,265 70,041
0.000% 1,382 37
04/25/96 0 139,480,413 3,342,704 69,426
0.000% 1,409 27
03/25/96 0 141,553,420 2,002,511 70,496
0.000% 1,431 22
02/26/96 0 143,080,554 1,457,068 70,066
0.000% 1,442 11
01/25/96 0 137,920,802 2,238,732 68,483
0.000% 1,463 21
0 0 0 0
0.000% 0 0
0 0 0 0
0.000% 0 0
0 0 0 0
0.000% 0 0
0 0 0 0
0.000% 0 0
Rates & Maturity
Distribution Current W/Avg.
Date Coupon Remit WAMM
12/26/96 10.1233% 9.5981% 339
11/25/96 10.1248% 9.5998% 340
10/25/96 10.1230% 9.7415% 341
09/25/96 10.3013% 9.9196% 342
08/26/96 10.2970% 9.9147% 343
07/25/96 10.2946% 9.9120% 343
06/25/96 10.2599% 9.8772% 344
05/28/96 10.2202% 9.8373% 345
04/25/96 10.2238% 9.8391% 346
03/25/96 10.2297% 9.8441% 348
02/26/96 10.2381% 9.8525% 349
01/25/96 10.1786% 9.7907% 351
0.0000% 0.0000% 0
0.0000% 0.0000% 0
0.0000% 0.0000% 0
0.0000% 0.0000% 0
Distribution Delinq 1 Month Delinq 2 Months
Date # Balance # Balance
12/26/96 35 2,945,698 2 229,664
20.11% 17.592% 1.15% 1.372%
11/25/96 19 2,295,749 8 704,827
10.73% 13.435% 4.52% 4.125%
10/25/96 21 2,003,360 4 493,683
11.29% 11.092% 2.15% 2.733%
09/25/96 23 2,334,780 5 585,713
12.11% 12.755% 2.63% 3.200%
08/26/96 17 1,951,655 5 407,540
8.59% 10.203% 2.53% 2.131%
07/25/96 21 1,882,196 4 414,979
10.10% 9.327% 1.92% 2.056%
06/25/96 17 1,852,959 5 299,221
7.83% 8.629% 2.30% 1.393%
05/28/96 14 1,524,952 6 626,775
6.28% 6.787% 2.69% 2.789%
04/25/96 19 2,121,870 6 463,638
8.26% 8.987% 2.61% 1.964%
03/25/96 13 1,462,003 7 365,742
5.53% 6.070% 2.98% 1.519%
02/26/96 20 1,821,230 2 145,501
8.51% 7.558% 0.85% 0.604%
01/25/96 0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
Distribution Delinq 3+ Months Foreclosure
Date # Balance # Balance
12/26/96 22 1,706,032 11 674,985
12.64% 10.188% 6.32% 4.031%
11/25/96 20 1,481,156 11 676,926
11.30% 8.668% 6.21% 3.962%
10/25/96 20 1,460,414 11 695,351
10.75% 8.086% 5.91% 3.850%
09/25/96 17 1,098,152 10 550,348
8.95% 5.999% 5.26% 3.007%
08/26/96 15 932,770 12 638,806
7.58% 4.876% 6.06% 3.340%
07/25/96 16 1,049,123 9 489,956
7.69% 5.199% 4.33% 2.428%
06/25/96 13 827,338 9 490,088
5.99% 3.853% 4.15% 2.282%
05/28/96 10 584,388 6 322,455
4.48% 2.601% 2.69% 1.435%
04/25/96 5 183,174 2 184,345
2.17% 0.776% 0.87% 0.781%
03/25/96 1 98,799 0 0
0.43% 0.410% 0.00% 0.000%
02/26/96 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/25/96 0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
Prepayments
Distribution Balance Begin Pool Prepayment $
Date Of REOs Balance (#) (# of Payoffs)
12/26/96 0 16,744,763 651,578
0.000% 174 6
11/25/96 0 17,087,317 334,604
0.000% 177 3
10/25/96 0 18,060,709 953,463
0.000% 186 9
09/25/96 0 18,304,988 236,966
0.000% 190 4
08/26/96 0 19,128,608 816,185
0.000% 198 8
07/25/96 0 20,179,227 1,042,615
0.000% 208 10
06/25/96 0 21,472,729 1,284,591
0.000% 217 9
05/28/96 0 22,470,278 987,823
0.000% 223 6
04/25/96 0 23,610,801 1,130,901
0.000% 230 7
03/25/96 0 24,085,366 514,780
0.000% 235 6
02/26/96 0 24,096,181 650
0.000% 235 0
01/25/96 0 21,222,354 886,705
0.000% 242 7
0 0 0
0.000% 0 0
0 0 0
0.000% 0 0
0 0 0
0.000% 0 0
0 0 0
0.000% 0 0
Rates & Maturity
Distribution Sched Current W/Avg.
Date Principal Coupon Remit WAMM
12/26/96 7,680 10.3783% 9.8260% 344
11/25/96 7,950 10.3504% 9.7988% 345
10/25/96 19,929 10.3059% 9.8527% 346
09/25/96 7,312 11.2085% 10.7560% 347
08/26/96 7,435 11.1741% 10.7180% 348
07/25/96 8,004 11.0919% 10.6364% 348
06/25/96 8,910 10.8704% 10.4177% 349
05/28/96 9,727 10.6451% 10.1950% 350
04/25/96 9,622 10.6390% 10.1819% 351
03/25/96 10,103 10.6482% 10.1875% 352
02/26/96 10,165 10.6508% 10.1901% 353
01/25/96 9,142 10.5743% 10.0984% 353
0 0.0000% 0.0000% 0
0 0.0000% 0.0000% 0
0 0.0000% 0.0000% 0
0 0.0000% 0.0000% 0
^Group 2
Delinquencies & REOs
Distribution Delinq 1 Month Delinq 2 Months
Date # Balance # Balance
12/26/96 109 10,011,983 14 1,262,798
11.11% 10.615% 1.43% 1.339%
11/25/96 85 7,704,680 17 1,519,751
8.37% 7.821% 1.67% 1.543%
10/25/96 89 8,326,157 10 934,192
8.61% 8.297% 0.97% 0.931%
09/25/96 75 7,871,346 13 1,499,451
7.12% 7.719% 1.23% 1.470%
08/26/96 54 5,765,040 14 1,255,414
5.00% 5.532% 1.30% 1.205%
07/25/96 67 6,593,216 16 1,361,770
6.10% 6.191% 1.46% 1.279%
06/25/96 65 6,135,967 13 1,287,602
5.76% 5.607% 1.15% 1.177%
05/28/96 50 4,660,011 5 235,991
4.31% 4.102% 0.43% 0.208%
04/25/96 48 4,910,581 17 1,575,677
4.07% 4.238% 1.44% 1.360%
03/25/96 64 5,718,369 14 1,385,348
5.35% 4.868% 1.17% 1.179%
02/26/96 53 5,356,196 0 0
4.39% 4.502% 0.00% 0.000%
01/25/96 1 90,087 1 102,806
0.08% 0.077% 0.08% 0.088%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
Distribution Delinq 3+ Months Foreclosure
Date # Balance # Balance
12/26/96 41 4,025,769 15 1,393,337
4.18% 4.268% 1.53% 1.477%
11/25/96 80 7,574,064 16 1,501,798
7.87% 7.689% 1.57% 1.525%
10/25/96 77 7,263,857 16 1,544,550
7.45% 7.238% 1.55% 1.539%
09/25/96 28 2,632,856 16 1,639,843
2.66% 2.582% 1.52% 1.608%
08/26/96 26 2,369,444 17 1,662,674
2.41% 2.274% 1.58% 1.595%
07/25/96 22 2,018,496 10 820,897
2.00% 1.895% 0.91% 0.771%
06/25/96 15 1,302,269 10 821,226
1.33% 1.190% 0.89% 0.750%
05/28/96 17 1,479,692 8 691,602
1.47% 1.303% 0.69% 0.609%
04/25/96 7 752,780 3 206,756
0.59% 0.650% 0.25% 0.178%
03/25/96 0 0 0 0
0.00% 0.000% 0.00% 0.000%
02/26/96 0 0 0 0
0.00% 0.000% 0.00% 0.000%
01/25/96 3 354,124 0 0
0.25% 0.303% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
0 0 0 0
0.00% 0.000% 0.00% 0.000%
Prepayments
Distribution Balance Begin Pool Prepayment $
Date Of REOs Balance (#) (# of Payoffs)
12/26/96 0 94,316,758 3,548,635
0.000% 981 31
11/25/96 0 98,509,108 4,140,152
0.000% 1,016 35
10/25/96 0 100,355,408 1,786,459
0.000% 1,034 18
09/25/96 0 101,975,055 1,562,633
0.000% 1,053 19
08/26/96 0 104,216,771 2,184,085
0.000% 1,079 26
07/25/96 0 106,497,384 2,222,404
0.000% 1,098 19
06/25/96 0 109,429,248 2,873,085
0.000% 1,128 30
05/28/96 0 113,598,004 4,108,442
0.000% 1,159 31
04/25/96 0 115,869,611 2,211,803
0.000% 1,179 20
03/25/96 0 117,468,054 1,487,731
0.000% 1,196 16
02/26/96 0 118,984,373 1,456,418
0.000% 1,207 11
01/25/96 0 116,698,447 1,352,027
0.000% 1,221 14
0 0 0
0.000% 0 0
0 0 0
0.000% 0 0
0 0 0
0.000% 0 0
0 0 0
0.000% 0 0
Rates & Maturity
Distribution Sched Current W/Avg.
Date Principal Coupon Remit WAMM
12/26/96 50,781 10.0780% 9.5576% 338
11/25/96 52,198 10.0857% 9.5652% 339
10/25/96 59,840 10.0900% 9.7214% 340
09/25/96 57,014 10.1384% 9.7695% 341
08/26/96 57,632 10.1360% 9.7673% 342
07/25/96 58,208 10.1435% 9.7747% 342
06/25/96 58,780 10.1401% 9.7712% 343
05/28/96 60,314 10.1361% 9.7665% 344
04/25/96 59,804 10.1392% 9.7692% 345
03/25/96 60,393 10.1439% 9.7737% 347
02/26/96 59,901 10.1545% 9.7841% 348
01/25/96 59,341 10.1067% 9.7347% 350
0 0.0000% 0.0000% 0
0 0.0000% 0.0000% 0
0 0.0000% 0.0000% 0
0 0.0000% 0.0000% 0
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