|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: GRAND PRIX ASSOCIATION OF LONG BEACH INC, 8-A12B/A, 1996-06-25 |
Next: AWARE INC /MA/, S-1, 1996-06-25 |
<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 1934
Date of Report (date of earliest event June 17, 1996
---------------
The Money Store Inc. (as Representative under a
Pooling and Servicing Agreement dated 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 of 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 7 Financial Statements and Exhibits
---------------------------------
Attached herein as Annex A is a copy of the Monthly Statement
sent to Class A Certificate holders with respect to the June 12, 1996
Remittance Date.
<PAGE>
SIGNATURES
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.
THE MONEY STORE INC.
By: \S\ Harry Puglisi
---------------------
Name: Harry Puglisi
Title: Treasurer
Dated: June 17, 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 JUNE 12, 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) $8,801,999.22 $2,555,302.09 $1,328,472.86 $157,234.58
ADJ : RECALCULATION 0.00 0.00 0.00 0.00
------------- ------------- ------------- -----------
8,801,999.22 2,555,302.09 1,328,472.86 157,234.58
LESS: SERVICE FEE (7.03 & 5.04) 83,863.92 23,708.74 11,625.87 3,318.23
CONTINGENCY FEE (7.03 & 5.04) 83,863.92 23,708.74 11,625.87 3,318.23
OTHER SERVICER FEES (Late Charges / Escrow) 9,560.95 10,161.08 1,147.00 0.00
UNREIMBURSED MONTHLY ADVANCES (5.04 b) 0.00 0.00 0.00 0.00
------------- ------------- ------------- -----------
177,288.79 57,578.56 24,398.74 6,636.46
PLUS: MONTHLY ADVANCE (6.11) - INCLUDING
COMPENSATING INTEREST (6.12) 0.00 0.00 0.00 0.00
PRE-FUNDING ACCOUNT TRANSFER (6.02) 191,820.41 79,258.89 23,734.22 35.32
CAPITALIZED INTEREST ACCOUNT TRANSFER (6.02 6,532.73 14,578.69 7,305.15 0.00
------------- ------------- ------------- -----------
198,353.13 93,837.59 31,039.37 35.32
LESS: EXCESS SPREAD (I-19) 1,040,667.84 166,612.54 223,581.34 40,260.55
SUBORDINATION REDUCTION AMOUNT (I-56) 0.00 0.00 0.00 0.00
------------- ------------- ------------- -----------
1,040,667.84 166,612.54 223,581.34 40,260.55
------------- ------------- ------------- -----------
AVAILABLE REMITTANCE AMOUNT 7,782,395.73 2,424,948.58 1,111,532.15 110,372.89
============= ============= ============= ===========
2. (A) CLASS A-1 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 96,268,741.93
(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 122,670,125.89
(J) CLASS A-10 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 31,040,557.66
(F) CLASS A-11 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 18,520,000.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C>
(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 14,899,804.11
3. PRINCIPAL DISTRIBUTION AMOUNTS :
CLASS A-1 6,299,669.31
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 : 6,299,669.31
CLASS A-9 1,923,146.03
TOTAL POOL II PRINCIPAL DISTRIBUTION AMOUNT : 1,923,146.03
CLASS A-10 986,114.74
CLASS A-11 0.00
CLASS A-12 0.00
TOTAL POOL III PRINCIPAL DISTRIBUTION AMOUNT : 986,114.74
CLASS A-13 51,550.32
TOTAL POOL IV PRINCIPAL DISTRIBUTION AMOUNT : 51,550.32
4. TOTAL AMOUNT OF POOL I, II , III & IV
INSURED PAYMENTS 0.00
5. (A) SUBORDINATED AMOUNT
POOL I 1,845,201.03
POOL II 620,542.29
POOL III 2,244,906.21
POOL IV 996,704.41
(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 111 4,404,545.93
POOL II 21 1,542,813.38
POOL III 52 492,861.81
POOL IV 0 0.00
7. AMOUNT OF CURTAILMENTS RECEIVED DURING
THE DUE PERIOD
POOL I 137,934.90
POOL II (74,560.60)
POOL III 89,909.21
POOL IV 0.00
8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS
IN RESPECT OF PRINCIPAL RECEIVED DURING
THE DUE PERIOD
POOL I 690,642.19
POOL II 201,862.20
POOL III 152,951.36
POOL IV 5,780.25
9. AMOUNT OF INTEREST RECEIVED
POOL I 3,559,315.25
POOL II 875,026.03
POOL III 586,718.00
POOL IV 151,454.33
</TABLE>
<PAGE>
<TABLE>
<S> <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 0.00
POOL III 0.00
POOL IV 0.00
(B) AMOUNT OF COMPENSATING INTEREST
POOL I 400.85
POOL II 21.34
POOL III 95.42
POOL IV 0.00
11. DELINQUENT AND FORECLOSURE INFORMATION (EXHIBIT O)
12. THE AMOUNT OF REALIZED LOSSES DURING
DUE PERIOD
POOL I 0.00
POOL II 0.00
POOL III 0.00
POOL IV 0.00
<CAPTION>
<S> <C> <C>
13. CLASS A-1 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 498,992.98
(B) PRINCIPAL DISTRIBUTION AMOUNT 6,299,669.31
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-1 REMITTANCE AMOUNT 6,798,662.29
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>
CLASS A-7 REMITTANCE 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 2,468,089.01
(B) PRINCIPAL DISTRIBUTION AMOUNT 6,299,669.31
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL POOL I REMITTANCE AMOUNT 8,767,758.32
CLASS A-9 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 651,036.83
(B) PRINCIPAL DISTRIBUTION AMOUNT 1,923,146.03
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-9 REMITTANCE AMOUNT 2,574,182.86
POOL II REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 651,036.83
(B) PRINCIPAL DISTRIBUTION AMOUNT 1,923,146.03
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL POOL II REMITTANCE AMOUNT 2,574,182.86
CLASS A-10 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 164,773.63
(B) PRINCIPAL DISTRIBUTION AMOUNT 986,114.74
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-10 REMITTANCE AMOUNT 1,150,888.37
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
<PAGE>
POOL III REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 325,779.79
(B) PRINCIPAL DISTRIBUTION AMOUNT 986,114.74
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL POOL III REMITTANCE AMOUNT 1,311,894.53
CLASS A-13 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 92,006.29
(B) PRINCIPAL DISTRIBUTION AMOUNT 51,550.32
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-13 REMITTANCE AMOUNT 143,556.61
POOL IV REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 92,006.29
(B) PRINCIPAL DISTRIBUTION AMOUNT 51,550.32
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL POOL IV REMITTANCE AMOUNT 143,556.61
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 89,969,072.62
(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
<PAGE>
<TABLE>
<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 120,746,979.86
(J) CLASS A-10 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 30,054,442.92
(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 14,848,253.79
(O) TOTAL POOL I PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 436,146,072.62
(P) TOTAL POOL II PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 120,746,979.86
(Q) TOTAL POOL III PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 57,554,442.92
(R) TOTAL POOL IV PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 14,848,253.79
16. (A) MONTHLY EXCESS SPREAD PERCENTAGE (FOR POOL I, II, III AND IV) 100.00%
(B) EXCESS SPREAD (POOL I) 1,040,667.84
EXCESS SPREAD (POOL II) 166,612.54
EXCESS SPREAD (POOL III) 223,581.34
EXCESS SPREAD (POOL IV) 40,260.55
TOTAL EXCESS SPREAD (POOL I, II, III and IV) 1,471,122.27
(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 0.00
POOL II 0.00
POOL III 0.00
POOL IV 0.00
18. (A) THE WEIGHTED AVERAGE MATURITY
POOL I 269.882
POOL II 355.358
POOL III 190.968
POOL IV 341.293
(B) THE WEIGHTED AVERAGE MORTGAGE
INTEREST RATE
POOL I 10.712%
POOL II 9.279%
POOL III 12.687%
POOL IV 11.693%
19. (A) SERVICING FEE FOR THE RELATED DUE PERIOD
POOL I 83,863.92
POOL II 23,708.74
POOL III 11,625.87
POOL IV 3,318.23
(B) CONTINGENCY FEE FOR THE RELATED DUE PERIOD
POOL I 83,863.92
POOL II 23,708.74
POOL III 11,625.87
POOL IV 3,318.23
(C) AMOUNT TO BE DEPOSITED TO THE EXPENSE ACCOUNT - TRUSTEE
POOL I 18,435.24
POOL II 5,111.26
POOL III 2,439.19
POOL IV 620.83
(D) AMOUNT TO BE DEPOSITED TO THE INSURANCE ACCOUNT-MBIA
POOL I 36,870.00
POOL II 12,267.00
POOL III 14,635.00
POOL IV *** 6,456.00
(E) FHA PREMIUM ACCOUNT 6,144.76
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) 167,727.84 47,417.48
POOL II 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 (fl(i) 23,251.74 6,636.46
*** Includes MBIA fee adjustment for ($373.00) from May 10, 1996 Certificate.
<PAGE>
<TABLE>
<S> <C> <C>
21. CLASS A-1 POOL FACTOR (1-5):
CURRENT CLASS A-1 PRINCIPAL BALANCE 89,969,072.62 0.86656206
ORIGINAL CLASS A-1 PRINCIPAL BALANCE 103,823,000.00
CLASS A-2 POOL FACTOR (1-5):
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 (1-5):
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 (1-5):
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 (1-5):
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 (1-5):
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 (1-5):
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 (1-5):
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 436,146,072.62 0.96921349
ORIGINAL POOL I PRINCIPAL BALANCE 450,000,000.00
CLASS A-9 (POOL II) FACTOR:
CURRENT CLASS A-9 (POOL II) PRINCIPAL BALANCE 120,746,979.86 0.96597584
ORIGINAL CLASS A-9 (POOL II) PRINCIPAL BALANCE 125,000,000.00
CLASS A-10 POOL FACTOR (1-5):
CURRENT CLASS A-10 PRINCIPAL BALANCE 30,054,442.92 0.92475209
ORIGINAL CLASS A-10 PRINCIPAL BALANCE 32,500,000.00
CLASS A-11 POOL FACTOR (1-5):
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 (1-5):
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 57,554,442.92 0.95924072
ORIGINAL POOL III PRINCIPAL BALANCE 60,000,000.00
CLASS A-14 (POOL FACTOR (1-5):
CURRENT CLASS A-14 PRINCIPAL BALANCE 14,848,253.79 0.98988359
ORIGINAL CLASS A-14 PRINCIPAL BALANCE 15,000,000.00
</TABLE>
<PAGE>
22. (A) WEIGHTED AVERAGE MORTGAGE INTEREST RATE
POOL I 10.712%
POOL II 9.279%
POOL III 12.687%
POOL IV 11.693%
(B) ADJUSTED MORTGAGE INTEREST RATE OF THE MORTGAGE LOANS
POOL I 10.062%
POOL II 8.629%
POOL III 10.837%
POOL IV 10.593%
(C) WEIGHTED AVERAGE CLASS A-1, CLASS A-2, CLASS A-3, CLASS A4,
CLASS A-5 CLASS A-6, CLASS A-7 AND CLASS A-8 ADJUST MORTGAGE
LOAN REMITTANCE RATE 6.851%
CLASS A-9 ADJUSTED MORTGAGE LOAN REMITTANCE RATE 5.790%
CLASS A-10, CLASS A-11 AND CLASS A-12
ADJUSTED MORTGAGE LOAN REMITTANCE RATE 7.033%
CLASS A-14 ADJUSTED MORTGAGE LOAN REMITTANCE RATE 8.010%
<TABLE>
<S> <C> <C> <C>
(D) WEIGHTED AVERAGE MORTGAGE INTEREST RATE FOR 03/31/96 04/30/96 05/31/96
-------- --------- --------
POOL I 10.721% 10.715% 10.712%
POOL II 9.082% 9.168% 9.279%
POOL III 12.691% 12.686% 12.687%
POOL IV 11.693% 11.693% 11.693%
23. CLASS A-9 REMITTANCE 5.7897%
IF REMITTANCE RATES BASED ON THE NET FUNDS CAP
LIBOR PLUS MARGIN FOR CLASS A-9 N/A
24. LIBOR RATE 5.4297%
25. POOL II NET FUNDS CAP (RATE) 8.478%
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 6,144.76
(B) AMOUNT REIMBURURSABLE TO THE SERVICER AND/OR THE
CERTIFICATE INSURER FROM THE FHA ACCOUNT PUSUANT TO 6.06(b)(i) 6,144.76
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
SPREAD ACCOUNT BALANCES
POOL I 0.00
POOL II 0.00
POOL III 1,812,548.94
POOL IV 909,906.09
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT O ( POOL I )
REMIC DELINQUENCIES AS OF - MAY 31, 1996
REMIC OUTSTANDING #
SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
<S> <C> <C> <C> <C> <C>
1996-A-I $390,485,416.93 7165 1 TO 29 DAYS 53,532,650.84 987 13.71%
30 TO 59 DAYS 7,076,598.98 147 1.81%
60 TO 89 DAYS 3,544,462.82 63 0.91%
90 AND OVER 1,266,279.72 24 0.32%
FORECLOSURE 433,825.00 6 0.11%
REO PROPERTY 0.00 0 0.00%
TOTALS $65,853,817.36 1,227 16.86%
===============================================
</TABLE>
<TABLE>
<CAPTION>
EXHIBIT O ( POOL II )
REMIC DELINQUENCIES AS OF - MAY 31, 1996
REMIC OUTSTANDING #
SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
<S> <C> <C> <C> <C> <C>
1996-A-II $101,550,765.12 1139 1 TO 29 DAYS 10,639,549.21 125 10.48%
30 TO 59 DAYS 2,079,309.90 24 2.05%
60 TO 89 DAYS 754,358.40 10 0.74%
90 AND OVER 156,734.24 1 0.15%
FORECLOSURE 48,000.00 1 0.05%
REO PROPERTY 0.00 0 0.00%
TOTALS $13,677,951.75 161 13.47%
=====================================
</TABLE>
<PAGE>
EXHIBIT O ( POOL III )
REMIC DELINQUENCIES AS OF - MAY 31, 1996
<TABLE>
<CAPTION>
REMIC OUTSTANDING #
SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
<S> <C> <C> <C> <C> <C> <C>
1996-A-III $ 52,227.258.43 3495 1 TO 29 DAYS 8,687,904.14 579 16.63%
30 TO 59 DAYS 1,031,303.17 72 1.97%
60 TO 89 DAYS 399,890.16 31 0.77%
90 AND OVER 438,825.35 28 0.84%
CLAIMS PENDING 0.00 0 0.00%
FORECLOSURE 52,349.00 2 0.10%
REO PROPERTY 0.00 0 0.00%
TOTALS $10,610,271.82 712 20.32%
============== === =====
</TABLE>
EXHIBIT O ( POOL IV )
REMIC DELINQUENCIES AS OF - MAY 31, 1996
<TABLE>
<CAPTION>
REMIC OUTSTANDING #
SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
<S> <C> <C> <C> <C> <C> <C>
1996-A-IV 14,971,878.69 75 1 TO 29 DAYS 514,895.12 2 3.44%
30 TO 59 DAYS 0.00 0 0.00%
60 TO 89 DAYS 0.00 0 0.00%
90 AND OVER 0.00 0 0.00%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
=========== === =====
TOTALS $514,895.12 2 3.44%
</TABLE>
<PAGE>
1996-A
The following additional information, presented in dollars, pursuant to Section
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.
<TABLE>
<CAPTION>
POOL I
SUBCLAUSE CLASS A-1 CLASS A-2 CLASS A-3 CLASS A-4 CLASS A-5
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
(ii) 927.24 998.75 1,000.00 1,000.00 1,000.00
(vi) 42.42 0.00 0.00 0.00 0.00
(vii) 1.33 0.00 0.00 0.00 0.00
(viii) 6.65 0.00 0.00 0.OO 0.00
(XIII) (a) 4.81 5.27 5.36 5.44 5.71
(b) 60.68 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) 866.56 998.75 1,000.00 1,000.00 1,000.00
(xxxvi) 0.00 0.00 0,00 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
POOL 11
SUBCLAUSE CLASS A-6 CLASS A-7 CLASS A-8 CLASS A-9
- ------------------------------------------------ ----------------
<S> <C> <C> <C> <C>
(ii) 1,000.00 1,000.00 1,000.00 981.36
(vi) 0.00 0 0.00 12.34
(vii) 0.00 0 0.00 (0.60)
(viii) 0.00 0 0.00 1.61
(xiii) (a) 5.80 6.13 6.38 5.21
(b) 0.00 0 0.00 15.39
(c) 0.00 0 0.00 0.00
(d) 0.00 0 0.00 0.00
(xv) 1,000.00 506.05 1,000.00 965.98
(xxxvi) 0.00 0 0 00.0
</TABLE>
<TABLE>
<CAPTION>
POOL III POOL IV
SUBCLAUSE CLASS A-10 CLASS A-11 CLASS A-12 CLASS A-13
- ---------------------------------------------------------------------- --------------
<S> <C> <C> <C> <C>
(ii) 955.09 1,000.00 1,000.00 993.32
(vi) 15.16 0.00 0.00 0.00
(vii) 2.77 0.00 0.00 0.00
(viii) 4.71 0.00 0.00 0.39
(xiii) (a) 5.07 5.68 6.21 6.13
(b) 30.34 0.00 0.00 3.44
(c) 0.00 0.00 0.00 0.00
(d) 0.00 0.00 0.00 0.00
(xv) 924.75 1,000.00 1,000.00 989.88
(xxxvi) 0.00 0.00 0.00 0.00
</TABLE>
|
|