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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 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 reported): March 27, 2000
ACCREDITED MORTGAGE LOAN TRUST
Asset Backed-Notes, Series 2000-1
Delaware (governing law of 333-07219 Pending
Indenture Agreement) (Commission IRS EIN
(State or other File Number)
jurisdiction
11000 Broken Land Parkway
Norwest Bank, Minnesota 21044
Columbia, MD (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (410) 884-2000
Former name or former address, if changed since last report)
ITEM 5. Other Events
On March 27, 2000 a distribution was made to holders of ACCREDITED MORTGAGE LOAN
TRUST Asset Backed-Notes, Series 2000-1
ITEM 7. Financial Statements and Exhibits
(c) Exhibits furnished in accordance with Item 601(a) of
Regulation S-K
Exhibit Number Description
Monthly report distributed to holders of
EX-99.1 Asset Backed Notes, Series 2000-1 Trust,
relating to the March 27, 2000 distribution.
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 hereunto duly authorized.
ACCREDITED MORTGAGE LOAN TRUST
Asset Backed-Notes, Series 2000-1
By: Norwest Bank Minnesota, N.A., as Indenture Trustee
By: /s/ Sherri Sharps, Vice President
By: Sherri Sharps, Vice President
Date: 4/5/00
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Asset Backed-Notes,
Series 2000-1 Trust, relating to the March 27, 2000 distribution.
<TABLE>
<CAPTION>
Accredited Home Lenders, Inc.
Mortgage Pass-Through Certificates
Record Date: 2/29/00
Distribution Date: 3/27/00
AHL Series: 2000-1
Contact: Customer Service - CTSLink
Norwest 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-1 004735AC5 SEN 7.94000% 53,047,000.00 350,994.32 195,841.30
A-2 004735AD3 SEN 6.19625% 120,429,000.00 559,656.14 412,554.61
OC AHL0001OC JUN 0.00000% 1,324,000.00 0.00 0.00
Trust Cert AHL0001TC RES 0.00000% 0.00 0.00 0.00
Totals 174,800,000.00 910,650.46 608,395.91
</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-1 0.00 52,851,158.70 546,835.62 0.00
A-2 0.00 120,016,445.39 972,210.75 0.00
OC 0.00 1,534,458.36 0.00 0.00
Trust Cert 0.00 0.00 0.00 0.00
Totals 0.00 174,402,062.45 1,519,046.37 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-1 53,047,000.00 53,047,000.00 0.00 195,841.30 0.00 0.00
A-2 120,429,000.00 120,429,000.00 0.00 412,554.61 0.00 0.00
OC 1,324,000.00 1,324,000.00 0.00 0.00 0.00 0.00
Trust Cert 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
Totals 174,800,000.00 174,800,000.00 0.00 608,395.91 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-1 195,841.30 52,851,158.70 0.99630816 195,841.30
A-2 412,554.61 120,016,445.39 0.99657429 412,554.61
OC 0.00 1,534,458.36 1.15895647 0.00
Trust Cert 0.00 0.00 0.00000000 0.00
Trust Cert 0.00 0.00 0.00000000 0.00
Totals 608,395.91 174,402,062.45 0.99772347 608,395.91
</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-1 53,047,000.00 1000.00000000 0.00000000 3.69184497 0.00000000
A-2 120,429,000.00 1000.00000000 0.00000000 3.42570818 0.00000000
OC 1,324,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
Trust Cert 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
</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-1 0.00000000 3.69184497 996.30815503 0.99630816 3.69184497
A-2 0.00000000 3.42570818 996.57429182 0.99657429 3.42570818
OC 0.00000000 0.00000000 1,158.95646526 1.15895647 0.00000000
Trust Cert 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-1 53,047,000.00 7.94000% 53,047,000.00 350,994.32 0.00 0.00
A-2 120,429,000.00 6.19625% 120,429,000.00 559,656.14 0.00 0.00
OC 1,324,000.00 0.00000% 1,324,000.00 0.00 0.00 0.00
Trust Cert 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 174,800,000.00 910,650.46 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-1 0.00 0.00 350,994.32 0.00 52,851,158.70
A-2 0.00 0.00 559,656.14 0.00 120,016,445.39
OC 0.00 0.00 0.00 0.00 1,534,458.36
Trust Cert 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 910,650.46 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-1 53,047,000.00 7.94000% 1000.00000000 6.61666673 0.00000000 0.00000000
A-2 120,429,000.00 6.19625% 1000.00000000 4.64718747 0.00000000 0.00000000
OC 1,324,000.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
Trust Cert 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) Per $1 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-1 0.00000000 0.00000000 6.61666673 0.00000000 996.30815503
A-2 0.00000000 0.00000000 4.64718747 0.00000000 996.57429182
OC 0.00000000 0.00000000 0.00000000 0.00000000 1158.95646526
Trust Cert 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
Rate Balance Balance Balance Balance Percentage
Class
<S> <C> <C> <C> <C> <C> <C>
FSA 0.21000% 173,476,000.00 172,867,604.09 0.00 0.00 99.64929102%
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 1,577,234.09
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses 0.00
Total Deposits 1,577,234.09
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 58,187.72
Payment of Interest and Principal 1,519,046.37
Total Withdrawals (Pool Distribution Amount) 1,577,234.09
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 53,395.25
Trustee Fee- Norwest Bank 1,780.35
FSA Fee 0.00
PMI- MGIC Fee 3,012.12
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 58,187.72
</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
Financial Guaranty 0.00 0.00 0.00 0.00
Financial Guaranty 0.00 0.00 0.00 0.00
Reserve Fund 0.00 0.00 0.00 0.00
</TABLE>
<TABLE>
<CAPTION> CERTIFICATEHOLDER DELINQUENCY/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
Percentage Delinquent
Based On
Current Unpaid
Number Principal Number Unpaid
Of Loans Balance Of Loans Balance
<S> <C> <C> <C> <C>
30 Days 30 3,417,073.87 2.302379% 2.606995%
60 Days 0 0.00 0.000000% 0.000000%
90+ Days 0 0.00 0.000000% 0.000000%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 30 3,417,073.87 2.302379% 2.606995%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 0.00
Principal Balance of Contaminated Properties 0.00
Current Period Class A Insufficient Funds 0.00
Periodic Advance 0.00
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed & Mixed ARM
Weighted Average Gross Coupon 10.013881%
Weighted Average Net Coupon 9.526518%
Weighted Average Pass-Through Rate 9.205681%
Weighted Average Maturity(Stepdown Calculation ) 332
Beginning Scheduled Collateral Loan Count 1,308
Number Of Loans Paid In Full 5
Ending Scheduled Collateral Loan Count 1,303
Beginning Scheduled Collateral Balance 131,471,218.00
Ending Scheduled Collateral Balance 131,073,281.70
Ending Actual Collateral Balance at 29-Feb-2000 131,073,281.70
Monthly P &I Constant 1,269,835.85
Ending Scheduled Balance for Premium Loans 131,073,281.70
Scheduled Principal 60,180.92
Unscheduled Principal 337,756.54
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Prepayment Penalties $14,966.50
Pre-Funding Amount Group 1 $13,234,101.21
Pre-Funded Amount Group 2 $30,094,679.63
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2 Total
Collateral Description Fixed 30 Year Mixed ARM
Weighted Average Coupon Rate 11.756682 10.724234
Weighted Average Net Rate 11.231143 10.190662
Weighted Average Maturity 305.00 358.00
Beginning Loan Count 523 785 1,308
Loans Paid In Full 3 2 5
Ending Loan Count 520 783 1,303
Beginning Scheduled Balance 40,348,535.29 91,122,683.87 131,471,219.16
Ending scheduled Balance 40,170,049.91 90,903,231.79 131,073,281.70
Record Date 2/29/00 2/29/00
Principal And Interest Constant 415,892.97 853,942.88 1,269,835.85
Scheduled Principal 20,588.89 39,592.03 60,180.92
Unscheduled Principal 157,896.49 179,860.05 337,756.54
Scheduled Interest 395,304.08 814,350.85 1,209,654.93
Servicing Fees 16,304.10 37,091.15 53,395.25
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 546.39 1,233.96 1,780.35
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 820.13 2,191.99 3,012.12
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 377,633.46 773,833.75 1,151,467.21
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.00 0.00 0.00
Group ID
Required Overcollateralization Amount 0.00 0.00 0.00
Overcollateralization Increase Amount 17,355.92 193,102.53 210,458.45
Overcollateralization Reduction Amount 0.00 0.00 0.00
Specified Overcollateralization Amount 2,143,305.46 4,848,694.54 6,992,000.00
Overcollateralization Amount 552,992.42 981,465.94 1,534,458.36
Overcollateralization Deficiency Amount 1,607,668.96 4,060,331.13 5,668,000.09
Base Overcollateralization Amount 0.00 0.00 0.00
Extra Principal Distribution Amount 0.00 0.00 0.00
Excess Cash Amount 17,355.92 193,102.53 210,458.45
</TABLE>
<TABLE>
<CAPTION> Delinquency Status By Groups
<S> <C> <C> <C> <C> <C> <C>
Group 30 Days 60 Days 90 + Days Foreclosure REO Bankruptcy
1 Principal Balance 1,407,867.58 0.00 0.00 0.00 0.00 0.00
Percentage Of Balance 3.505% 0.000% 0.000% 0.000% 0.000% 0.000%
Loan Count 12 0 0 0 0 0
Percentage Of Loans 2.308% 0.000% 0.000% 0.000% 0.000% 0.000%
2 Principal Balance 2,009,206.29 0.00 0.00 0.00 0.00 0.00
Percentage Of Balance 2.210% 0.000% 0.000% 0.000% 0.000% 0.000%
Loan Count 18 0 0 0 0 0
Percentage Of Loans 2.299% 0.000% 0.000% 0.000% 0.000% 0.000%
Totals:Principal Balance 3,417,073.87 0.00 0.00 0.00 0.00 0.00
Percentage of Balance 2.607% 0.000% 0.000% 0.000% 0.000% 0.000%
Loan Count 30 0 0 0 0 0
Percentage Of Loans 2.302% 0.000% 0.000% 0.000% 0.000% 0.000%
</TABLE>
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