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Previous: FRONTEGRA FUNDS INC, N-1A/A, 1996-10-30 |
Next: CLASSNOTES TRUST 1995-1 ASSET BACKED NOTES SER 1996-1, 8-K, 1996-10-30 |
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
--------------------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 19
Date of Report (date of earliest event report) October 15, 1996
-------------------------
The Money Store Inc. (as Representative under a
Pooling and Servicing Agreement date as of
February 29, 1996 providing for the issuance of
TMS Asset Backed Certificates, Series 1996-A) and
each of the Originators listed on Schedule A
attached hereto.
The Money Store, Inc.
--------------------------------
(Exact name of registrant as specified in its charter)
New Jersey 33-84492 Applied For
- ---------- -------- -----------
State or other (Commission (IRS Employer
jurisdiction File Number) ID Number)
incorporation)
2840 Morris Avenue, Union, New Jersey 07083
- ------------------------------------------------
(Address of principal executive officer)
Registrant's Telephone Number,
including area code: (908) 686-2000
--------------
n/a
- ------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 5 Other Events
------------
Attached herein as Annex A is a copy of the Monthly Statement sent to
Class A Certificate holders with respect to the October 15, 1996
Remittance Date.
Item 7 Financial Statements and Exhibits
---------------------------------
The quarterly financial statement for MBIA Inc. is incorporated by
reference to the Form 10-Q filed by MBIA Inc. with the Securities and
Exchange Commission on August 14, 1996.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 19 has
duly caused this report to be signed on its behalf by the undersigned duly
authorized.
THE MONEY STORE INC.
By: \s\ Harry Puglisi
----------------------------
Name: Harry Puglisi
Title: Treasurer
Dated: October 29, 1996
<PAGE>
SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.10 OF THE POOLING AND SERVICING
AGREEMENT DATED AS OF FEBRUARY 29, 1996, THE MONEY STORE INC.
REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1996-A
FOR THE OCTOBER 10, 1996 DETERMINATION DATE.
<TABLE>
<CAPTION>
POOL I POOL II POOL III POOL IV
<S> <C> <C> <C> <C>
1. AGGREGATE AMOUNT RECEIVED (5.03 b) $10,659,510.26 $4,206,542.13 $1,515,473.29 $146,915.57
ADJ : RECALCULATION 0.00 0.00 0.00 0.00
-------------------------------------------------------------
10,659,510.26 4,206,542.13 1,515,473.29 146,915.57
LESS: SERVICE FEE (7.03 & 5.04) 85,194.28 21,995.48 11,274.32 3,065.80
CONTINGENCY FEE (7.03 & 5.04) 85,194.28 21,995.48 11,274.32 3,065.80
OTHER SERVICER FEES (Late Charges / Escrow) (7.03 & 5.04) 19,863.68 18,136.67 1,221.80 0.00
UNREIMBURSED MONTHLY ADVANCES (5.04 b) 0.00 0.00 0.00 0.00
-------------------------------------------------------------
190,252.24 62,127.63 23,770.44 6,131.60
PLUS: MONTHLY ADVANCE (6.11) - INCLUDING
COMPENSATING INTEREST (6.12) 0.00 20,887.53 0.00 0.00
PRE-FUNDING ACCOUNT TRANSFER (6.02) 0.00 0.00 0.00 0.00
CAPITALIZED INTEREST ACCOUNT TRANSFER (6.02) 0.00 0.00 0.00 0.00
-------------------------------------------------------------
0.00 20,887.53 0.00 0.00
LESS: EXCESS SPREAD (I-19) 1,204,614.71 363,771.22 245,311.95 41,112.22
SUBORDINATION REDUCTION AMOUNT (I-56) 0.00 0.00 0.00 0.00
-------------------------------------------------------------
1,204,614.71 363,771.22 245,311.95 41,112.22
-------------- ---------- ---------- ---------
AVAILABLE REMITTANCE AMOUNT 9,264,643.31 3,801,530.81 1,246,390.90 99,671.75
============== ============ ============ =========
<CAPTION>
<S> <C>
2. (A) CLASS A-1 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 69,466,963.19
(B) CLASS A-2 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 36,027,000.00
(C) CLASS A-3 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 66,142,000.00
(D) CLASS A-4 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 81,741,000.00
(E) CLASS A-5 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 35,888,000.00
(F) CLASS A-6 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 31,902,000.00
(G) CLASS A-7 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 52,540,000.00
(H) CLASS A-8 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 41,937,000.00
(I) CLASS A-9 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 113,914,887.64
(J) CLASS A-10 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 26,602,025.79
(F) CLASS A-11 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 18,520,000.00
</TABLE>
<PAGE>
(G) CLASS A-12 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 8,980,000.00
(H) CLASS A-13 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 14,616,965.07
3. PRINCIPAL DISTRIBUTION AMOUNTS :
CLASS A-1 8,088,136.06
CLASS A-2 0.00
CLASS A-3 0.00
CLASS A-4 0.00
CLASS A-5 0.00
CLASS A-6 0.00
CLASS A-7 0.00
CLASS A-8 0.00
TOTAL POOL I PRINCIPAL DISTRIBUTION AMOUNT : 8,088,136.06
CLASS A-9 3,611,064.22
TOTAL POOL II PRINCIPAL DISTRIBUTION AMOUNT : 3,611,064.22
CLASS A-10 1,168,017.01
CLASS A-11 0.00
CLASS A-12 0.00
TOTAL POOL III PRINCIPAL DISTRIBUTION AMOUNT : 1,168,017.01
CLASS A-13 43,216.17
TOTAL POOL IV PRINCIPAL DISTRIBUTION AMOUNT : 43,216.17
4.TOTAL AMOUNT OF POOL I, II , III & IV
INSURED PAYMENTS 0.00
5. (A) SUBORDINATED AMOUNT
POOL I 6,155,612.79
POOL II 2,233,616.44
POOL III 3,234,679.30
POOL IV 1,171,210.43
(B) SPECIFIED SUBORDINATED AMOUNT
POOL I 10,350,000.00
POOL II 3,125,000.00
POOL III 5,400,000.00
POOL IV 1,800,000.00
6. PRINCIPAL PREPAYMENT RECEIVED DURING
THE DUE PERIOD # ACCOUNTS DOLLARS
POOL I 125 5,704,697.21
POOL II 33 2,887,426.28
POOL III 55 680,095.88
POOL IV 0 0.00
7. AMOUNT OF CURTAILMENTS RECEIVED DURING
THE DUE PERIOD
POOL I 772,622.11
POOL II 336,019.40
POOL III (4,576.89)
POOL IV 0.00
8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS
IN RESPECT OF PRINCIPAL RECEIVED DURING
THE DUE PERIOD
POOL I 531,876.29
POOL II 67,838.28
POOL III 260,415.05
POOL IV 3,922.21
9. AMOUNT OF INTEREST RECEIVED
POOL I 3,630,450.97
POOL II 897,121.50
POOL III 573,913.91
POOL IV 142,993.36
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C>
10. (A) AMOUNT OF MONTHLY ADVANCES INCLUDING COMPENSATING
INTEREST TO BE MADE ON THE DETERMINATION DATE
TO BE DEPOSITED IN THE CERTIFICATE
ACCOUNT PURSUANT TO SECTION 6.01 (a) (ii)
POOL I 0.00
POOL II 20,887.53
POOL III 0.00
POOL IV 0.00
(B) AMOUNT OF COMPENSATING INTEREST
POOL I 95.05
POOL II 0.00
POOL III 89.01
POOL IV 0.00
11. DELINQUENT AND FORECLOSURE INFORMATION (EXHIBIT O)
12. THE AMOUNT OF REALIZED LOSSES DURING
DUE PERIOD
POOL I 33,198.65
POOL II 0.00
POOL III 0.00
POOL IV 0.00
13. CLASS A-1 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 360,070.43
(B) PRINCIPAL DISTRIBUTION AMOUNT 8,088,136.06
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-1 REMITTANCE AMOUNT 8,448,206.49
CLASS A-2 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 190,042.43
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-2 REMITTANCE AMOUNT 190,042.43
CLASS A-3 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 354,410.88
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-3 REMITTANCE AMOUNT 354,410.88
CLASS A-4 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 444,807.28
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-4 REMITTANCE AMOUNT 444,807.28
CLASS A-5 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 204,860.67
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-5 REMITTANCE AMOUNT 204,860.67
CLASS A-6 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 185,031.60
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-6 REMITTANCE AMOUNT 185,031.60
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
CLASS A-7REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 322,245.33
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-7 REMITTANCE AMOUNT 322,245.33
CLASS A-8 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 267,697.85
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-8 REMITTANCE AMOUNT
267,697.85
POOL I REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 2,329,166.46
(B) PRINCIPAL DISTRIBUTION AMOUNT 8,088,136.06
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL POOL I REMITTANCE AMOUNT 10,417,302.52
CLASS A-9 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 538,100.36
(B) PRINCIPAL DISTRIBUTION AMOUNT 3,611,064.22
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-9 REMITTANCE AMOUNT 4,149,164.58
POOL II REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 538,100.36
(B) PRINCIPAL DISTRIBUTION AMOUNT 3,611,064.22
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL POOL II REMITTANCE AMOUNT 4,149.164.58
CLASS A-10 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 141,212.42
(B) PRINCIPAL DISTRIBUTION AMOUNT 1,168,017.01
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-10 REMITTANCE AMOUNT 1,309,229.43
CLASS A-11 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 105,255.33
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-11 REMITTANCE AMOUNT 105,255.33
CLASS A-12 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 55,750.83
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-12 REMITTANCE AMOUNT 55,750.83
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
POOL III REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 302,218.59
(B) PRINCIPAL DISTRIBUTION AMOUNT 1,168,017.01
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL POOL III REMITTANCE AMOUNT 1,470,235.60
CLASS A-13 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 90,259.76
(B) PRINCIPAL DISTRIBUTION AMOUNT 43,216.17
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-13 REMITTANCE AMOUNT 133,475.93
POOL IV REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 90,259.76
(B) PRINCIPAL DISTRIBUTION AMOUNT 43,216.17
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL POOL IV REMITTANCE AMOUNT 133,475.93
14.(A) REIMBURSABLE AMOUNTS 0.00
(B) CLASS R REMITTANCE AMOUNT PAYABLE PURSUANT
TO SECTION 6.08(d) (iii) AND ( iv)
POOL I 0.00
POOL II 0.00
POOL III 0.00
POOL IV 0.00
15.(A) CLASS A-1 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 61,378,827.13
(B) CLASS A-2 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 36,027,000.00
(C) CLASS A-3 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 66,142,000.00
(D) CLASS A-4 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 81,741,000.00
(E) CLASS A-5 PRINCIPAL BALANCE AFTER
DISTRIBUTIONS TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 35,888,000.00
(F) CLASS A-6 PRINCIPAL BALANCE AFTER
DISTRIBUTIONS TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 31,902,000.00
(G) CLASS A-7 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 52,540,000.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
(H) CLASS A-8 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 41,937,000.00
(I) CLASS A-9 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 110,303,823.42
(J) CLASS A-10 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 25,434,008.78
(K) CLASS A-11 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 18,520,000.00
(L) CLASS A-12 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 8,980,000.00
(M) CLASS A-13 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 14,573,438.90
(O) TOTAL POOL I PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 407,555,827.13
(P) TOTAL POOL II PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 110,303,823.42
(Q) TOTAL POOL III PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 52,934,008.78
(R) TOTAL POOL IV PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 14,573,748.90
16. (A) MONTHLY EXCESS SPREAD PERCENTAGE (FOR POOL I, II, III AND IV) 100.00%
(B) EXCESS SPREAD (POOL I) 1,204,614.71
EXCESS SPREAD (POOL II) 363,771.22
EXCESS SPREAD (POOL III) 245,311.95
EXCESS SPREAD (POOL IV) 41,112.22
TOTAL EXCESS SPREAD (POOL I, II, III and IV) 1,854,810.09
(C) REMAINDER EXCESS SPREAD AMOUNT POOL I 0.00
REMAINDER EXCESS SPREAD AMOUNT POOL II 0.00
REMAINDER EXCESS SPREAD AMOUNT POOL III 0.00
REMAINDER EXCESS SPREAD AMOUNT POOL IV 0.00
TOTAL REMAINDER EXCESS SPREAD AMOUNT POOL I, II, III and IV 0.00
</TABLE>
<PAGE>
17. CUMULATIVE REALIZED LOSSES
POOL I 42,109.10
POOL II 0.00
POOL III 0.00
POOL IV 0.00
18. (A) THE WEIGHTED AVERAGE MATURITY
POOL I 268.064
POOL II 351.647
POOL III 186.759
POOL IV 337.283
(B) THE WEIGHTED AVERAGE MORTGAGE
INTEREST RATE
POOL I 10.677%
POOL II 10.188%
POOL III 12.694%
POOL IV 11.691%
19. (A) SERVICING FEE FOR THE RELATED DUE PERIOD
POOL I 85,194.28
POOL II 21,995.48
POOL III 11,274.32
POOL IV 3,065.80
(B) CONTINGENCY FEE FOR THE RELATED DUE PERIOD
POOL I 85,194.28
POOL II 21,995.48
POOL III 11,274.32
POOL IV 3,065.80
(C) AMOUNT TO BE DEPOSITED TO THE EXPENSE ACCOUNT - TRUSTEE
POOL I 17,318.50
POOL II 4,746.45
POOL III 2,254.25
POOL IV 609.04
(D) AMOUNT TO BE DEPOSITED TO THE INSURANCE ACCOUNT- MBIA
POOL I 34,637.00
POOL II 11,391.00
POOL III 13,526.00
POOL IV 6,699.00
(E) FHA PREMIUM ACCOUNT 5,687.00
20. AMOUNT OF PAYMENTS AND REIMBURSEMENTS TO THE
SERVICERS PURSUANT TO:
POOL I POOL II
(A) SECTION 5.04 (b) 0.00 0.00
(B) SECTION 5.04 (c) 0.00 0.00
(C) SECTION 5.04 (d)(ii) 0.00 0.00
(D) SECTION 5.04 (e) 0.00 0.00
(E) SECTION 5.04 (f)(i) 170,388.56 43,990.96
POOL III POOL IV
(A) SECTION 5.04 (b) 0.00 0.00
(B) SECTION 5.04 (c) 0.00 0.00
(C) SECTION 5.04 (d)(ii) 0.00 0.00
(D) SECTION 5.04 (e) 0.00 0.00
(E) SECTION 5.04 (f)(i) 22,548.64 6,131.60
<PAGE>
21. CLASS A-1 POOL FACTOR (I-5):
CURRENT CLASS A-1 PRINCIPAL BALANCE 61,378,827.13 0.59118719
ORIGINAL CLASS A-1 PRINCIPAL BALANCE 103,823,000.00
CLASS A-2 POOL FACTOR (I-5):
CURRENT CLASS A-2 PRINCIPAL BALANCE 36,027,000.00 1.00000000
ORIGINAL CLASS A-2 PRINCIPAL BALANCE 36,027,000.00
CLASS A-3 POOL FACTOR (I-5):
CURRENT CLASS A-3 PRINCIPAL BALANCE 66,142,000.00 1.00000000
ORIGINAL CLASS A-3 PRINCIPAL BALANCE 66,142,000.00
CLASS A-4 POOL FACTOR (I-5):
CURRENT CLASS A-4 PRINCIPAL BALANCE 81,741,000.00 1.00000000
ORIGINAL CLASS A-4 PRINCIPAL BALANCE 81,741,000.00
CLASS A-5 POOL FACTOR (I-5):
CURRENT CLASS A-5 PRINCIPAL BALANCE 35,888,000.00 1.00000000
ORIGINAL CLASS A-5 PRINCIPAL BALANCE 35,888,000.00
CLASS A-6 POOL FACTOR (I-5):
CURRENT CLASS A-6 PRINCIPAL BALANCE 31,902,000.00 1.00000000
ORIGINAL CLASS A-6 PRINCIPAL BALANCE 31,902,000.00
CLASS A-7 POOL FACTOR (I-5):
CURRENT CLASS A-7 PRINCIPAL BALANCE 52,540,000.00 1.00000000
ORIGINAL CLASS A-7 PRINCIPAL BALANCE 52,540,000.00
CLASS A-8 POOL FACTOR (I-5):
CURRENT CLASS A-8 PRINCIPAL BALANCE 41,937,000.00 1.00000000
ORIGINAL CLASS A-8 PRINCIPAL BALANCE 41,937,000.00
POOL I FACTOR:
CURRENT POOL I PRINCIPAL BALANCE 407,555,827.13 0.90567962
ORIGINAL POOL I PRINCIPAL BALANCE 450,000,000.00
CLASS A-9 (POOL II) FACTOR:
CURRENT CLASS A-9 (POOL II) PRINCIPAL BALANCE 110,303,823.42 0.88243059
ORIGINAL CLASS A-9 (POOL II) PRINCIPAL BALANCE 125,000,000.00
CLASS A-10 POOL FACTOR (I-5):
CURRENT CLASS A-10 PRINCIPAL BALANCE 25,434,008.78 0.78258489
ORIGINAL CLASS A-10 PRINCIPAL BALANCE 32,500,000.00
CLASS A-11 POOL FACTOR (I-5):
CURRENT CLASS A-11 PRINCIPAL BALANCE 18,520,000.00 1.00000000
ORIGINAL CLASS A-11 PRINCIPAL BALANCE 18,520,000.00
CLASS A-12 POOL FACTOR (I-5):
CURRENT CLASS A-12 PRINCIPAL BALANCE 8,980,000.00 1.00000000
ORIGINAL CLASS A-12 PRINCIPAL BALANCE 8,980,000.00
POOL III FACTOR:
CURRENT POOLI III PRINCIPAL BALANCE 52,934,008.78 0.88223348
ORIGINAL POOL III PRINCIPAL BALANCE 60,000,000.00
CLASS A-14 (POOL IV) FACTOR (I-5):
CURRENT CLASS A-14 PRINCIPAL BALANCE 14,573,748.90 0.97158326
ORIGINAL CLASS A-14 PRINCIPAL BALANCE 15,000,000.00
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
22. (A) WEIGHTED AVERAGE MORTGAGE INTEREST RATE
POOL I 10.677%
POOL II 10.188%
POOL III 12.694%
POOL IV 11.691%
(B) ADJUSTED MORTGAGE INTEREST RATE OF THE MORTGAGE LOANS
POOL I 10.027%
POOL II 9.538%
POOL III 10.844%
POOL IV 10.591%
(C) WEIGHTED AVERAGE CLASS A-1, CLASS A-2, CLASS A-3, CLASS A-4, CLASS A-5
CLASS A-6, CLASS A-7 AND CLASS A-8 ADJUST MORTGAGE LOAN REMITTANCE RATE 6.885%
CLASS A-9 ADJUSTED MORTGAGE LOAN REMITTANCE RATE 5.864%
CLASS A-10, CLASS A-11 AND CLASS A-12
ADJUSTED MORTGAGE LOAN REMITTANCE RATE 7.061%
CLASS A-14 ADJUSTED MORTGAGE LOAN REMITTANCE RATE 8.010%
<CAPTION>
<S> <C> <C> <C>
-----------------------------------------
(D) WEIGHTED AVERAGE MORTGAGE INTEREST RATE FOR 07/31/96 08/31/96 09/30/96
-----------------------------------------
POOL I 10.694% 10.686% 10.677%
POOL II 9.651% 9.939% 10.188%
POOL III 12.697% 12.696% 12.694%
POOL IV 11.691% 11.691% 11.691%
<CAPTION>
<S> <C>
23. CLASS A-9 REMITTANCE 5.86391%
IF REMITTANCE RATES BASED ON THE NET FUNDS CAP
LIBOR PLUS MARGIN FOR CLASS A-9 N/A
24. LIBOR RATE 5.50391%
25. POOL II NET FUNDS CAP (RATE) 9.249%
CLASS A-9 NET FUNDS CAP 0.00
26. CLASS A-9 CERTIFICATEHOLDERS' LIBOR INTEREST CARRYOVER 0.00
MAXIMUM POOL II RATE FOR THE DUE PERIOD 0.00
27. (A) AMOUNT OF DISTRIBUTION ALLOCABLE TO LIBOR
INTEREST CARRYOVER 0.00
(B) LIBOR INTEREST CARRYOVER BALANCE 0.00
28. (A) AMOUNT TO BE DEPOSITED INTO THE FHA PREMIUM ACCOUNT
FOR THE DUE PERIOD 5,687.00
(B) AMOUNT REIMBURURSABLE TO THE SERVICER AND/OR THE
CERTIFICATE INSURER FROM THE FHA ACCOUNT PUSUANT TO 6.06(b)(i) 5,687.00
29. AMOUNT OF FHA PAYMENTS AND RELATED PAYMENTS
RECEIVED DURING THE MONTH 0.00
30. THE RESERVE AMOUNT FOR THE DUE PERIOD 6,000,000.00
31. CLAIMS FILED DURING THE DUE PERIOD 0.00
32. CLAIMS PAID DURING THE PERIOD 0.00
33. CLAIMS DENIED BY FHA DURING THE DUE PERIOD 0.00
34. CLAIMS PENDING PAYMENT BY FHA DURING THE DUE PERIOD 0.00
35. OTHER INFORMATION
(A) SPREAD ACCOUNT BALANCES
POOL I 0.00
POOL II 0.00
POOL III 1,841,158.01
POOL IV 924,267.95
(B) AMOUNT TO BE DEPOSITED INTO POOL III
SPREAD ACCOUNT DUE TO TRIGGER ACTIVATION 0
</TABLE>
<PAGE>
<JPAGE>
EXHIBIT O ( POOL I )
REMIC DELINQUENCIES AS OF -SEPTEMBER 30, 1996
<TABLE>
<CAPTION>
REMIC OUTSTANDING # REMIC
SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT SERIES
<S> <C> <C> <C> <C> <C> <C>
1996-A-I $414,790,380.37 7466 1 TO 29 DAYS 83,345,780.19 1578 20.09% 1996-A-II
30 TO 59 DAYS 8,080,356.74 153 1.95%
60 TO 89 DAYS 3,665,727.59 63 0.88%
90 AND OVER 6,499,059.67 117 1.57%
FORECLOSURE 4,947,472.52 68 1.19%
REO PROPERTY 0.00 0 0.00%
TOTALS $106,538,396.71 1,979 25.68%
===========================================
<CAPTION>
EXHIBIT O ( POOL II )
REMIC DELINQUENCIES AS OF -SEPTEMBER 30, 1996
REMIC OUTSTANDING # REMIC
SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT SERIES
<S> <C> <C> <C> <C>
1996-A-II $112,857,220.12 1258 1 TO 29 DAYS 26,945,618.09 319 23.88% 1996-A-IV
30 TO 59 DAYS 2,444,501.98 27 2.17%
60 TO 89 DAYS 1,180,949.02 12 1.05%
90 AND OVER 1,512,586.69 15 1.34%
FORECLOSURE 729,823.86 10 0.65%
REO PROPERTY 0.00 0 0.00%
TOTALS $32,813,479.64 383 29.08%
=============================================
</TABLE>
<PAGE>
EXHIBIT O (POOL III)
REMIC DELINQUENCIES AS OF -SEPTEMBER 30, 1996
OUTSTANDING #
DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
$54,559,613.04 3733 1 TO 29 DAYS 12,724,438.87 838 23.32%
30 TO 59 DAYS 968,646.32 68 1.78%
60 TO 59 DAYS 771,337.73 54 1.41%
90 AND OVER 1,339,022.40 86 2.45%
CLAIMS PENDING 0.00 0 0.00%
FORECLOSURE 262,798.04 14 0.48%
REO PROPERTY 0.00 0 0.00%
TOTALS $16,066,243.36 1,060 29,45%
===============================
EXHIBIT O (POOL IV)
REMIC DELINQUENCIES AS OF -SEPTEMBER 30, 1996
OUTSTANDING #
DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
14,859,985.34 74 1 TO 29 DAYS 1,723,001.53 6 11.59%
30 TO 59 DAYS 82,290.00 1 0.55%
60 TO 59 DAYS 494,097.28 2 3.33%
90 AND OVER 0.00 0 0.00%
CLAIMS PENDING 0.00 0 0.00%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $2,299,388.81 9 15,47%
===============================
<PAGE>
1996-A
The following additional information, presented in dollars, pursuant to
Secton 6.10 subclauses (ii), (vi), (vii), (viii), (xiii), (xv), (xxxvi)
is provided for each Class per $1,000 original dollar amount as of the
Cut-Off Date.
POOL I
SUBCLAUSE CLASS A-1 CLASS A-2 CLASS A-3 CLASS A-4 CLASS A-5
- --------------------------------------------------------------------------------
(ii) 669.09 998.75 1,000.00 1,000.00 1,000.00
(vi) 54.95 0.00 0.00 0.00 0.00
(vii) 7.44 0.00 0.00 0.00 0.00
(viii) 5.12 0.00 0.00 0.00 0.00
(xiii) (a) 3.47 5.27 5.36 5.44 5.71
(b) 77.90 0.00 0.00 0.00 0.00
(c) 0.00 0.00 0.00 0.00 0.00
(d) 0.00 0.00 0.00 0.00 0.00
(xv) 591.19 998.75 1,000.00 1,000.00 1,000.00
(xxxvi) 0.00 0.00 0.00 0.00 0.00
POOL II
SUBCLAUSE CLASS A-6 CLASS A-7 CLASS A-8 CLASS A-9
- -------------------------------------------------------- -------------
(ii) 1,000.00 1,000.00 1,000.00 911.32
(vi) 0.00 0 0.00 23.10
(vii) 0.00 0 0.00 2.69
(viii) 0.00 0 0.00 0.54
(xiii) (a) 5.80 6.13 6.38 4.30
(b) 0.00 0 0.00 28.89
(c) 0.00 0 0.00 0.00
(d) 0.00 0 0.00 0.00
(xv) 1,000.00 506.05 1,000.00 882.43
(xxxvi) 0.00 0 0 0.00
POOL III POOL IV
SUBCLAUSE CLASS A-10 CLASS A-11 CLASS A-12 CLASS A-13
- ------------------------------------------------------- -------------
(ii) 818.52 1,000.00 1,000.00 974.46
(vi) 20.93 0.00 0.00 0.00
(vii) (0.14) 0.00 0.00 0.00
(viii) 6.92 0.00 0.00 0.26
(xiii) (a) 4.34 5.68 6.21 6.02
(b) 35.94 0.00 0.00 2.88
(c) 0.00 0.00 0.00 0.00
(d) 0.00 0.00 0.00 0.00
(xv) 782.58 1,000.00 1,000.00 971.58
(xxxvi) 0.00 0.00 0.00 0.00
103,823.00 36,072.00 66,142.00 81,741.00
35,888.00 31,902.00 52,540.00 41,937.00
125,000.00 32,500.00 18,520.00 8,980.00
15,000.00
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