IMPAC SECURED ASSETS CORP
8-K, EX-99.1, 2000-11-09
ASSET-BACKED SECURITIES
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<TABLE>
<CAPTION>
Impac Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates



Record Date:            09/30/2000
Distribution Date:      10/25/2000


IMP  Series: 2000-1

Contact: Customer Service - CTSLink
         Wells Fargo 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>
     A1        45254TBU7         SEN          7.50000%     73,821,625.89      461,385.16    1,138,500.00
     A2        45254TBV5         SEN          7.37188%    117,111,183.01      719,441.32    1,863,153.87
     A3        45254TBW3         SEN          1.62812%              0.00      158,892.55            0.00
     A4        45254TBX1         SEN          9.00000%              0.00       92,277.03            0.00
     A5        45254TBY9         SEN          8.00000%      2,410,900.00       16,072.67            0.00
     A6        45254TBZ6         SEN          9.00000%              0.00        2,009.08            0.00
     A8        45254TCB8         SEN          8.15000%     25,000,000.00      169,791.67            0.00
     A9        45254TCC6         SEN          7.90000%     19,000,000.00      125,083.33            0.00
     A7        45254TCA0         SEN          9.00000%              0.00       35,125.00            0.00
    A10        45254TCD4         SEN          0.00000%      2,292,881.74            0.00       10,880.83
    A11        45254TCE2         SEN          9.00000%              0.00      102,512.38            0.00
     RI        45254TCK8         SEN          9.00000%              0.00            0.00            0.00
    RII        45254TCL6         SEN          9.00000%              0.00            0.00            0.00
     M1        45254TCF9         MEZ          8.00000%     11,273,464.54       75,156.43        6,354.84
     M2        45254TCH5         MEZ          8.15000%      4,948,961.22       33,611.69        2,789.72
     MX        45254TCG7         MEZ          9.00000%              0.00       12,900.07            0.00
     M3        45254TCJ1         MEZ          9.00000%      2,337,424.79       17,530.69        1,317.60
     B1        45254TCM4         SUB          9.00000%      1,649,653.74       12,372.40          929.91
     B2        45254TCN2         SUB          9.00000%        687,771.05        5,158.28          387.70
     B3        45254TCP7         SUB          9.00000%      1,787,376.55       13,405.32        1,007.54
Totals                                                    262,321,242.53    2,052,725.07    3,025,322.01
</TABLE>
<TABLE>
<CAPTION>

                                       Certificateholder Distribution Summary (continued)

                           Current                 Ending                                         Cumulative
                          Realized            Certificate                    Total                  Realized
Class                         Loss                Balance             Distribution                    Losses
<S>           <C>                  <C>                     <C>                      <C>
A1                             0.00          72,683,125.89             1,599,885.16                      0.00
A2                             0.00         115,248,029.14             2,582,595.19                      0.00
A3                             0.00                   0.00               158,892.55                      0.00
A4                             0.00                   0.00                92,277.03                      0.00
A5                             0.00           2,410,900.00                16,072.67                      0.00
A6                             0.00                   0.00                 2,009.08                      0.00
A8                             0.00          25,000,000.00               169,791.67                      0.00
A9                             0.00          19,000,000.00               125,083.33                      0.00
A7                             0.00                   0.00                35,125.00                      0.00
A10                            0.00           2,282,000.90                10,880.83                      0.00
A11                            0.00                   0.00               102,512.38                      0.00
RI                             0.00                   0.00                     0.00                      0.00
RII                            0.00                   0.00                     0.00                      0.00
M1                             0.00          11,267,109.70                81,511.27                      0.00
M2                             0.00           4,946,171.50                36,401.41                      0.00
MX                             0.00                   0.00                12,900.07                      0.00
M3                             0.00           2,336,107.18                18,848.29                      0.00
B1                             0.00           1,648,723.83                13,302.31                      0.00
B2                             0.00             687,383.35                 5,545.98                      0.00
B3                             0.00           1,786,369.01                14,412.86                      0.00
Totals                         0.00         259,295,920.50             5,078,047.08                      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>
A1                   80,115,000.00      73,821,625.89          50,745.47    1,087,754.53           0.00            0.00
A2                  124,150,000.00     117,111,183.01          83,044.90    1,780,108.97           0.00            0.00
A3                            0.00               0.00               0.00            0.00           0.00            0.00
A4                            0.00               0.00               0.00            0.00           0.00            0.00
A5                    2,410,900.00       2,410,900.00               0.00            0.00           0.00            0.00
A6                            0.00               0.00               0.00            0.00           0.00            0.00
A8                   25,000,000.00      25,000,000.00               0.00            0.00           0.00            0.00
A9                   19,000,000.00      19,000,000.00               0.00            0.00           0.00            0.00
A7                            0.00               0.00               0.00            0.00           0.00            0.00
A10                   2,418,208.00       2,292,881.74           2,140.36        8,740.47           0.00            0.00
A11                           0.00               0.00               0.00            0.00           0.00            0.00
RI                          100.00               0.00               0.00            0.00           0.00            0.00
RII                         100.00               0.00               0.00            0.00           0.00            0.00
M1                   11,310,000.00      11,273,464.54           6,354.84            0.00           0.00            0.00
M2                    4,965,000.00       4,948,961.22           2,789.72            0.00           0.00            0.00
MX                            0.00               0.00               0.00            0.00           0.00            0.00
M3                    2,345,000.00       2,337,424.79           1,317.60            0.00           0.00            0.00
B1                    1,655,000.00       1,649,653.74             929.91            0.00           0.00            0.00
B2                      690,000.00         687,771.05             387.70            0.00           0.00            0.00
B3                    1,793,169.15       1,787,376.55           1,007.54            0.00           0.00            0.00
Totals              275,852,477.15     262,321,242.53         148,718.04    2,876,603.97           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>
A1                            1,138,500.00         72,683,125.89           0.90723492      1,138,500.00
A2                            1,863,153.87        115,248,029.14           0.92829665      1,863,153.87
A3                                    0.00                  0.00           0.00000000              0.00
A4                                    0.00                  0.00           0.00000000              0.00
A5                                    0.00          2,410,900.00           1.00000000              0.00
A6                                    0.00                  0.00           0.00000000              0.00
A8                                    0.00         25,000,000.00           1.00000000              0.00
A9                                    0.00         19,000,000.00           1.00000000              0.00
A7                                    0.00                  0.00           0.00000000              0.00
A10                              10,880.83          2,282,000.90           0.94367437         10,880.83
A11                                   0.00                  0.00           0.00000000              0.00
RI                                    0.00                  0.00           0.00000000              0.00
RII                                   0.00                  0.00           0.00000000              0.00
M1                                6,354.84         11,267,109.70           0.99620775          6,354.84
M2                                2,789.72          4,946,171.50           0.99620775          2,789.72
MX                                    0.00                  0.00           0.00000000              0.00
M3                                1,317.60          2,336,107.18           0.99620775          1,317.60
B1                                  929.91          1,648,723.83           0.99620775            929.91
B2                                  387.70            687,383.35           0.99620775            387.70
B3                                1,007.54          1,786,369.01           0.99620775          1,007.54
Totals                        3,025,322.01        259,295,920.50           0.93998040      3,025,322.01

</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>
A1                     80,115,000.00        921.44574537         0.63340785         13.57741409        0.00000000
A2                    124,150,000.00        943.30393081         0.66890777         14.33837269        0.00000000
A3                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
A4                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
A5                      2,410,900.00       1000.00000000         0.00000000          0.00000000        0.00000000
A6                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
A8                     25,000,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A9                     19,000,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A7                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
A10                     2,418,208.00        948.17391225         0.88510170          3.61444094        0.00000000
A11                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
RI                            100.00          0.00000000         0.00000000          0.00000000        0.00000000
RII                           100.00          0.00000000         0.00000000          0.00000000        0.00000000
M1                     11,310,000.00        996.76963218         0.56187798          0.00000000        0.00000000
M2                      4,965,000.00        996.76963142         0.56187714          0.00000000        0.00000000
MX                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
M3                      2,345,000.00        996.76963326         0.56187633          0.00000000        0.00000000
B1                      1,655,000.00        996.76963142         0.56187915          0.00000000        0.00000000
B2                        690,000.00        996.76963768         0.56188406          0.00000000        0.00000000
B3                      1,793,169.15        996.76962990         0.56187672          0.00000000        0.00000000
<FN>
311
</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>
A1                      0.00000000         14.21082194            907.23492342          0.90723492        14.21082194
A2                      0.00000000         15.00728047            928.29665034          0.92829665        15.00728047
A3                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
A4                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
A5                      0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A6                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
A8                      0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A9                      0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A7                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
A10                     0.00000000          4.49954264            943.67436548          0.94367437         4.49954264
A11                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
RI                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
RII                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
M1                      0.00000000          0.56187798            996.20775420          0.99620775         0.56187798
M2                      0.00000000          0.56187714            996.20775428          0.99620775         0.56187714
MX                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
M3                      0.00000000          0.56187633            996.20775267          0.99620775         0.56187633
B1                      0.00000000          0.56187915            996.20775227          0.99620775         0.56187915
B2                      0.00000000          0.56188406            996.20775362          0.99620775         0.56188406
B3                      0.00000000          0.56187672            996.20775318          0.99620775         0.56187672
<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>
A1                 80,115,000.00        7.50000%      73,821,625.89          461,385.16           0.00             0.00
A2                124,150,000.00        7.37188%     117,111,183.01          719,441.32           0.00             0.00
A3                          0.00        1.62812%     117,111,183.01          158,892.55           0.00             0.00
A4                          0.00        9.00000%      12,303,604.32           92,277.03           0.00             0.00
A5                  2,410,900.00        8.00000%       2,410,900.00           16,072.67           0.00             0.00
A6                          0.00        9.00000%         267,877.78            2,009.08           0.00             0.00
A8                 25,000,000.00        8.15000%      25,000,000.00          169,791.67           0.00             0.00
A9                 19,000,000.00        7.90000%      19,000,000.00          125,083.33           0.00             0.00
A7                          0.00        9.00000%       4,683,333.33           35,125.00           0.00             0.00
A10                 2,418,208.00        0.00000%       2,292,881.74                0.00           0.00             0.00
A11                         0.00        9.00000%      13,668,317.63          102,512.38           0.00             0.00
RI                        100.00        9.00000%               0.00                0.00           0.00             0.00
RII                       100.00        9.00000%               0.00                0.00           0.00             0.00
M1                 11,310,000.00        8.00000%      11,273,464.54           75,156.43           0.00             0.00
M2                  4,965,000.00        8.15000%       4,948,961.22           33,611.69           0.00             0.00
MX                          0.00        9.00000%       1,720,009.06           12,900.07           0.00             0.00
M3                  2,345,000.00        9.00000%       2,337,424.79           17,530.69           0.00             0.00
B1                  1,655,000.00        9.00000%       1,649,653.74           12,372.40           0.00             0.00
B2                    690,000.00        9.00000%         687,771.05            5,158.28           0.00             0.00
B3                  1,793,169.15        9.00000%       1,787,376.55           13,405.32           0.00             0.00
Totals            275,852,477.15                                           2,052,725.07           0.00             0.00

</TABLE>
 <TABLE>
 <CAPTION>

                                            Interest Distribution Statement (continued)

                                                                                     Payment of               Ending
                      Non-Supported                                    Total             Unpaid         Certificate/
                           Interest             Realized            Interest           Interest             Notional
 Class                    Shortfall           Losses (4)        Distribution          Shortfall              Balance
  <S>            <C>                  <C>                 <C>                 <C>                 <C>
 A1                             0.00                0.00           461,385.16                0.00      72,683,125.89
 A2                             0.00                0.00           719,441.32                0.00     115,248,029.14
 A3                             0.00                0.00           158,892.55                0.00     115,248,029.14
 A4                             0.00                0.00            92,277.03                0.00      12,113,854.32
 A5                             0.00                0.00            16,072.67                0.00       2,410,900.00
 A6                             0.00                0.00             2,009.08                0.00         267,877.78
 A8                             0.00                0.00           169,791.67                0.00      25,000,000.00
 A9                             0.00                0.00           125,083.33                0.00      19,000,000.00
 A7                             0.00                0.00            35,125.00                0.00       4,683,333.33
 A10                            0.00                0.00                 0.00                0.00       2,282,000.90
 A11                            0.00                0.00           102,512.38                0.00      13,515,896.92
 RI                             0.00                0.00                 0.00                0.00               0.00
 RII                            0.00                0.00                 0.00                0.00               0.00
 M1                             0.00                0.00            75,156.43                0.00      11,267,109.70
 M2                             0.00                0.00            33,611.69                0.00       4,946,171.50
 MX                             0.00                0.00            12,900.07                0.00       1,719,039.50
 M3                             0.00                0.00            17,530.69                0.00       2,336,107.18
 B1                             0.00                0.00            12,372.40                0.00       1,648,723.83
 B2                             0.00                0.00             5,158.28                0.00         687,383.35
 B3                             0.00                0.00            13,405.32                0.00       1,786,369.01
 Totals                         0.00                0.00         2,052,725.07                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>
A1                   80,115,000.00        7.50000%         921.44574537        5.75903589        0.00000000        0.00000000
A2                  124,150,000.00        7.37188%         943.30393081        5.79493613        0.00000000        0.00000000
A3                            0.00        1.62812%         943.30393081        1.27984333        0.00000000        0.00000000
A4                            0.00        9.00000%         921.44574574        6.91084291        0.00000000        0.00000000
A5                    2,410,900.00        8.00000%        1000.00000000        6.66666805        0.00000000        0.00000000
A6                            0.00        9.00000%        1000.00291178        7.50000933        0.00000000        0.00000000
A8                   25,000,000.00        8.15000%        1000.00000000        6.79166680        0.00000000        0.00000000
A9                   19,000,000.00        7.90000%        1000.00000000        6.58333316        0.00000000        0.00000000
A7                            0.00        9.00000%        1000.00007046        7.50000053        0.00000000        0.00000000
A10                   2,418,208.00        0.00000%         948.17391225        0.00000000        0.00000000        0.00000000
A11                           0.00        9.00000%         948.17937419        7.11134515        0.00000000        0.00000000
RI                          100.00        9.00000%           0.00000000        0.00000000        0.00000000        0.00000000
RII                         100.00        9.00000%           0.00000000        0.00000000        0.00000000        0.00000000
M1                   11,310,000.00        8.00000%         996.76963218        6.64513086        0.00000000        0.00000000
M2                    4,965,000.00        8.15000%         996.76963142        6.76972608        0.00000000        0.00000000
MX                            0.00        9.00000%         996.76982214        7.47577485        0.00000000        0.00000000
M3                    2,345,000.00        9.00000%         996.76963326        7.47577399        0.00000000        0.00000000
B1                    1,655,000.00        9.00000%         996.76963142        7.47577039        0.00000000        0.00000000
B2                      690,000.00        9.00000%         996.76963768        7.47576812        0.00000000        0.00000000
B3                    1,793,169.15        9.00000%         996.76962990        7.47576992        0.00000000        0.00000000
<FN>
(5) All Classes are per $1,000 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>
A1                    0.00000000        0.00000000         5.75903589          0.00000000          907.23492342
A2                    0.00000000        0.00000000         5.79493613          0.00000000          928.29665034
A3                    0.00000000        0.00000000         1.27984333          0.00000000          928.29665034
A4                    0.00000000        0.00000000         6.91084291          0.00000000          907.23492380
A5                    0.00000000        0.00000000         6.66666805          0.00000000         1000.00000000
A6                    0.00000000        0.00000000         7.50000933          0.00000000         1000.00291178
A8                    0.00000000        0.00000000         6.79166680          0.00000000         1000.00000000
A9                    0.00000000        0.00000000         6.58333316          0.00000000         1000.00000000
A7                    0.00000000        0.00000000         7.50000053          0.00000000         1000.00007046
A10                   0.00000000        0.00000000         0.00000000          0.00000000          943.67436548
A11                   0.00000000        0.00000000         7.11134515          0.00000000          937.60585832
RI                    0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
RII                   0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
M1                    0.00000000        0.00000000         6.64513086          0.00000000          996.20775420
M2                    0.00000000        0.00000000         6.76972608          0.00000000          996.20775428
MX                    0.00000000        0.00000000         7.47577485          0.00000000          996.20794827
M3                    0.00000000        0.00000000         7.47577399          0.00000000          996.20775267
B1                    0.00000000        0.00000000         7.47577039          0.00000000          996.20775227
B2                    0.00000000        0.00000000         7.47576812          0.00000000          996.20775362
B3                    0.00000000        0.00000000         7.47576992          0.00000000          996.20775318
<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
Class                      Rate          Balance            Balance          Balance            Balance       Percentage
<S>             <C>             <C>               <C>               <C>               <C>               <C>
      MX1               9.00000%     1,252,607.17       1,251,901.08             0.00               0.00     99.62074917%
      MX2               9.00000%       467,401.89         467,138.42             0.00               0.00     99.62091718%
</TABLE>
<TABLE>
<CAPTION>
                                             CERTIFICATEHOLDER ACCOUNT STATEMENT
                                                      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                        0.00
Deposits
    Payments of Interest and Principal                                                           5,189,153.34
    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                                                                                   5,189,153.34

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                         111,106.26
    Payment of Interest and Principal                                                            5,078,047.08
Total Withdrawals (Pool Distribution Amount)                                                     5,189,153.34

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                                                                                108,646.95
Indenture Trustee: Wells Fargo Bank, N.A.                                                            2,459.31
Supported Prepayment/Curtailment Interest Shortfall                                                      0.00
Net Servicing Fee                                                                                  111,106.26


</TABLE>

<TABLE>
<CAPTION>                               LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
                                                          DELINQUENCY STATUS

         DELINQUENT             BANKRUPTCY             FORECLOSURE            REO                    Total
<S>        <C>                   <C>                    <C>                    <C>                     <C>
          No of Loans           No of Loans            No of Loans            No of Loans            No of Loans
          Principal Balance     Principal Balance      Principal Balance      Principal Balance      Principal Balance
0-29 Days                       0                      0                      0                      0
                                0.00                   0.00                   0.00                   0.00

30 Days   24                    0                      0                      0                      24
          3,312,505.31          0.00                   0.00                   0.00                   3,312,505.31

60 Days   14                    0                      0                      0                      14
          1,987,694.84          0.00                   0.00                   0.00                   1,987,694.84

90 Days   12                    0                      0                      0                      12
          2,178,203.24          0.00                   0.00                   0.00                   2,178,203.24

120 Days  4                     0                      0                      0                      4
          671,013.39            0.00                   0.00                   0.00                   671,013.39

150 Days  3                     0                      0                      0                      3
          402,050.37            0.00                   0.00                   0.00                   402,050.37

180+ Days 4                     0                      0                      0                      4
          1,065,428.45          0.00                   0.00                   0.00                   1,065,428.45

Totals    61                    0                      0                      0                      61
          9,616,895.60          0.00                   0.00                   0.00                   9,616,895.60


          No of Loans           No of Loans            No of Loans            No of Loans            No of Loans
          Principal Balance     Principal Balance      Principal Balance      Principal Balance      Principal Balance
0-29 Days                       0.000000%              0.000000%              0.000000%              0.000000%
                                0.000000%              0.000000%              0.000000%              0.000000%

30 Days   1.294498%             0.000000%              0.000000%              0.000000%              1.294498%
          1.277500%             0.000000%              0.000000%              0.000000%              1.277500%

60 Days   0.755124%             0.000000%              0.000000%              0.000000%              0.755124%
          0.766574%             0.000000%              0.000000%              0.000000%              0.766574%

90 Days   0.647249%             0.000000%              0.000000%              0.000000%              0.647249%
          0.840045%             0.000000%              0.000000%              0.000000%              0.840045%

120 Days  0.215750%             0.000000%              0.000000%              0.000000%              0.215750%
          0.258783%             0.000000%              0.000000%              0.000000%              0.258783%

150 Days  0.161812%             0.000000%              0.000000%              0.000000%              0.161812%
          0.155055%             0.000000%              0.000000%              0.000000%              0.155055%

180+ Days 0.215750%             0.000000%              0.000000%              0.000000%              0.215750%
          0.410893%             0.000000%              0.000000%              0.000000%              0.410893%

Totals    3.290183%             0.000000%              0.000000%              0.000000%              3.290183%
          3.708850%             0.000000%              0.000000%              0.000000%              3.708850%

</TABLE>




<TABLE>
<CAPTION>

                                                       OTHER INFORMATION

<S>                                                                             <C>
Current Period Realized Loss - Includes Interest Shortfall                                           0.00
Cumulative Realized Losses - Includes Interest Shortfall                                             0.00
Current Period Class A Insufficient Funds                                                            0.00
Principal Balance of Contaminated Properties                                                         0.00
Periodic Advance                                                                                     0.00
</TABLE>

<TABLE>

<CAPTION>
                                 SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE

                                                                                           Current           Next
                      Original $      Original %           Current $      Current %          Class%     Prepayment%
<S>      <C>   <C>               <C>              <C>               <C>             <C>            <C>
Class    A         22,758,369.15      8.25019568%      22,671,864.57    8.74362563%      91.256374%      0.000000%
Class    R-I       22,758,269.15      8.25015943%      22,671,864.57    8.74362563%       0.000000%      0.000000%
Class    R-II      22,758,169.15      8.25012318%      22,671,864.57    8.74362563%       0.000000%      0.000000%
Class    M-1       11,448,169.15      4.15010562%      11,404,754.87    4.39835492%       4.345271%     49.696441%
Class    M-2        6,483,169.15      2.35023054%       6,458,583.37    2.49081565%       1.907539%     21.816342%
Class    M-3        4,138,169.15      1.50013848%       4,122,476.19    1.58987314%       0.900943%     10.303992%
Class    B-1        2,483,169.15      0.90018012%       2,473,752.36    0.95402672%       0.635846%      7.272114%
Class    B-2        1,793,169.15      0.65004642%       1,786,369.01    0.68893063%       0.265096%      3.031878%
Class    B-3                0.00      0.00000000%               0.00    0.00000000%       0.688931%      7.879233%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
</TABLE>

<TABLE>
<CAPTION>

                                                       CREDIT ENHANCEMENT

                                    Original $        Original %         Current $        Current %
<S>                         <C>               <C>               <C>               <C>
                 Bankruptcy         151,819.00       0.05503630%        151,819.00       0.05855048%
                      Fraud       5,517,049.54       2.00000000%      5,517,049.54       2.12770395%
             Special Hazard       2,758,525.00       1.00000008%      2,758,525.00       1.06385206%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>



 <TABLE>
 <CAPTION>
                               COLLATERAL STATEMENT
 <S>                                                                       <C>
 Collateral Description                                              Mixed Fixed

 Weighted Average Gross Coupon                                         9.898541%
 Weighted Average Net Coupon                                           9.401530%
 Weighted Average Pass-Through Rate                                    9.390281%
 Weighted Average Maturity(Stepdown Calculation )                            342
 Beginning Scheduled Collateral Loan Count                                 1,871

 Number Of Loans Paid In Full                                                 17
 Ending Scheduled Collateral Loan Count                                    1,854
 Beginning Scheduled Collateral Balance                           262,321,242.53
 Ending Scheduled Collateral Balance                              259,295,920.51
 Ending Actual Collateral Balance at 30-Sep-2000                  259,295,920.51
 Monthly P &I Constant                                              2,312,549.47
 Class A Optimal Amount                                             4,884,244.07
 Ending Scheduled Balance for Premium Loans                       259,295,920.51
 </TABLE>
<TABLE>
<CAPTION>
           <S>                                        <C>
Senior Accelerated Distribution Percentag                            100.00%
Lockout Priority Percentage                                            0.00%
Senior Percentage                                               91.27608550%
</TABLE>


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