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Previous: IMPAC SECURED ASSETS CORP, 8-K, 2000-07-07 |
Next: PURADYN FILTER TECHNOLOGIES INC, SC 13D/A, 2000-07-07 |
<TABLE>
<CAPTION>
Impac Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
Record Date: 05/31/2000
Distribution Date: 06/26/2000
IMP 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>
A1 45254TBU7 SEN 7.50000% 78,375,625.89 489,847.66 1,138,500.00
A2 45254TBV5 SEN 7.36000% 123,027,127.93 754,566.38 2,077,276.76
A3 45254TBW3 SEN 1.64000% 0.00 168,137.07 0.00
A4 45254TBX1 SEN 9.00000% 0.00 97,969.53 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% 2,400,141.64 0.00 5,183.94
A11 45254TCE2 SEN 9.00000% 0.00 107,287.45 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% 11,298,058.14 75,320.39 5,983.33
M2 45254TCH5 MEZ 8.15000% 4,959,757.62 33,685.02 2,626.64
MX 45254TCG7 MEZ 9.00000% 0.00 12,928.21 0.00
M3 45254TCJ1 MEZ 9.00000% 2,342,523.99 17,568.93 1,240.58
B1 45254TCM4 SUB 9.00000% 1,653,252.54 12,399.39 875.55
B2 45254TCN2 SUB 9.00000% 689,271.45 5,169.54 365.03
B3 45254TCP7 SUB 9.00000% 1,791,275.80 13,434.57 948.64
Totals 272,947,935.00 2,136,395.89 3,233,000.47
</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 77,237,125.89 1,628,347.66 0.00
A2 0.00 120,949,851.18 2,831,843.14 0.00
A3 0.00 0.00 168,137.07 0.00
A4 0.00 0.00 97,969.53 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 2,394,957.70 5,183.94 0.00
A11 0.00 0.00 107,287.45 0.00
RI 0.00 0.00 0.00 0.00
RII 0.00 0.00 0.00 0.00
M1 0.00 11,292,074.80 81,303.72 0.00
M2 0.00 4,957,130.98 36,311.66 0.00
MX 0.00 0.00 12,928.21 0.00
M3 0.00 2,341,283.41 18,809.51 0.00
B1 0.00 1,652,376.99 13,274.94 0.00
B2 0.00 688,906.42 5,534.57 0.00
B3 0.00 1,790,327.16 14,383.21 0.00
Totals 0.00 269,714,934.53 5,369,396.36 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 78,375,625.89 46,463.49 1,092,036.51 0.00 0.00
A2 124,150,000.00 123,027,127.93 84,776.05 1,992,500.71 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 2,400,141.64 2,116.55 3,067.39 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 11,298,058.14 5,983.33 0.00 0.00 0.00
M2 4,965,000.00 4,959,757.62 2,626.64 0.00 0.00 0.00
MX 0.00 0.00 0.00 0.00 0.00 0.00
M3 2,345,000.00 2,342,523.99 1,240.58 0.00 0.00 0.00
B1 1,655,000.00 1,653,252.54 875.55 0.00 0.00 0.00
B2 690,000.00 689,271.45 365.03 0.00 0.00 0.00
B3 1,793,169.15 1,791,275.80 948.64 0.00 0.00 0.00
Totals 275,852,477.15 272,947,935.00 145,395.86 3,087,604.61 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 77,237,125.89 0.96407821 1,138,500.00
A2 2,077,276.76 120,949,851.18 0.97422353 2,077,276.76
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 5,183.94 2,394,957.70 0.99038532 5,183.94
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 5,983.33 11,292,074.80 0.99841510 5,983.33
M2 2,626.64 4,957,130.98 0.99841510 2,626.64
MX 0.00 0.00 0.00000000 0.00
M3 1,240.58 2,341,283.41 0.99841510 1,240.58
B1 875.55 1,652,376.99 0.99841510 875.55
B2 365.03 688,906.42 0.99841510 365.03
B3 948.64 1,790,327.16 0.99841510 948.64
Totals 3,233,000.47 269,714,934.53 0.97775063 3,233,000.47
</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 80,115,000.00 978.28903314 0.57995993 13.63086201 0.00000000
A2 124,150,000.00 990.95552098 0.68285179 16.04913983 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 2,418,208.00 992.52902976 0.87525556 1.26845582 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 11,310,000.00 998.94413263 0.52903006 0.00000000 0.00000000
M2 4,965,000.00 998.94413293 0.52903122 0.00000000 0.00000000
MX 0.00 0.00000000 0.00000000 0.00000000 0.00000000
M3 2,345,000.00 998.94413220 0.52903198 0.00000000 0.00000000
B1 1,655,000.00 998.94413293 0.52903323 0.00000000 0.00000000
B2 690,000.00 998.94413043 0.52902899 0.00000000 0.00000000
B3 1,793,169.15 998.94413196 0.52902985 0.00000000 0.00000000
<FN>
(2) All Classes are per $1,000 denominations.
</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 964.07821120 0.96407821 14.21082194
A2 0.00000000 16.73199162 974.22352944 0.97422353 16.73199162
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 2.14371138 990.38531838 0.99038532 2.14371138
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 0.52903006 998.41510168 0.99841510 0.52903006
M2 0.00000000 0.52903122 998.41510171 0.99841510 0.52903122
MX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
M3 0.00000000 0.52903198 998.41510021 0.99841510 0.52903198
B1 0.00000000 0.52903323 998.41509970 0.99841510 0.52903323
B2 0.00000000 0.52902899 998.41510145 0.99841510 0.52902899
B3 0.00000000 0.52902985 998.41510211 0.99841510 0.52902985
<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% 78,375,625.89 489,847.66 0.00 0.00
A2 124,150,000.00 7.36000% 123,027,127.93 754,566.38 0.00 0.00
A3 0.00 1.64000% 123,027,127.93 168,137.07 0.00 0.00
A4 0.00 9.00000% 13,062,604.32 97,969.53 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% 2,400,141.64 0.00 0.00 0.00
A11 0.00 9.00000% 14,304,993.95 107,287.45 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% 11,298,058.14 75,320.39 0.00 0.00
M2 4,965,000.00 8.15000% 4,959,757.62 33,685.02 0.00 0.00
MX 0.00 9.00000% 1,723,761.35 12,928.21 0.00 0.00
M3 2,345,000.00 9.00000% 2,342,523.99 17,568.93 0.00 0.00
B1 1,655,000.00 9.00000% 1,653,252.54 12,399.39 0.00 0.00
B2 690,000.00 9.00000% 689,271.45 5,169.54 0.00 0.00
B3 1,793,169.15 9.00000% 1,791,275.80 13,434.57 0.00 0.00
Totals 275,852,477.15 2,136,395.89 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>
A1 0.00 0.00 489,847.66 0.00 77,237,125.89
A2 0.00 0.00 754,566.38 0.00 120,949,851.18
A3 0.00 0.00 168,137.07 0.00 120,949,851.18
A4 0.00 0.00 97,969.53 0.00 12,872,854.32
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 2,394,957.70
A11 0.00 0.00 107,287.45 0.00 14,109,880.59
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 75,320.39 0.00 11,292,074.80
M2 0.00 0.00 33,685.02 0.00 4,957,130.98
MX 0.00 0.00 12,928.21 0.00 1,722,848.46
M3 0.00 0.00 17,568.93 0.00 2,341,283.41
B1 0.00 0.00 12,399.39 0.00 1,652,376.99
B2 0.00 0.00 5,169.54 0.00 688,906.42
B3 0.00 0.00 13,434.57 0.00 1,790,327.16
Totals 0.00 0.00 2,136,395.89 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% 978.28903314 6.11430643 0.00000000 0.00000000
A2 124,150,000.00 7.36000% 990.95552098 6.07786049 0.00000000 0.00000000
A3 0.00 1.64000% 990.95552098 1.35430584 0.00000000 0.00000000
A4 0.00 9.00000% 978.28903351 7.33716757 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% 992.52902976 0.00000000 0.00000000 0.00000000
A11 0.00 9.00000% 992.34599155 7.44259462 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% 998.94413263 6.65962776 0.00000000 0.00000000
M2 4,965,000.00 8.15000% 998.94413293 6.78449547 0.00000000 0.00000000
MX 0.00 9.00000% 998.94432780 7.49208239 0.00000000 0.00000000
M3 2,345,000.00 9.00000% 998.94413220 7.49208102 0.00000000 0.00000000
B1 1,655,000.00 9.00000% 998.94413293 7.49207855 0.00000000 0.00000000
B2 690,000.00 9.00000% 998.94413043 7.49208696 0.00000000 0.00000000
B3 1,793,169.15 9.00000% 998.94413196 7.49208183 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 6.11430643 0.00000000 964.07821120
A2 0.00000000 0.00000000 6.07786049 0.00000000 974.22352944
A3 0.00000000 0.00000000 1.35430584 0.00000000 974.22352944
A4 0.00000000 0.00000000 7.33716757 0.00000000 964.07821157
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 990.38531838
A11 0.00000000 0.00000000 7.44259462 0.00000000 978.81086099
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 6.65962776 0.00000000 998.41510168
M2 0.00000000 0.00000000 6.78449547 0.00000000 998.41510171
MX 0.00000000 0.00000000 7.49208239 0.00000000 998.41529500
M3 0.00000000 0.00000000 7.49208102 0.00000000 998.41510021
B1 0.00000000 0.00000000 7.49207855 0.00000000 998.41509970
B2 0.00000000 0.00000000 7.49208696 0.00000000 998.41510145
B3 0.00000000 0.00000000 7.49208183 0.00000000 998.41510211
<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>
MX1 9.00000% 1,255,339.79 1,254,674.98 0.00 0.00 99.84148386%
MX2 9.00000% 468,421.55 468,173.48 0.00 0.00 99.84165181%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 5,485,328.41
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 5,485,328.41
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 115,932.05
Payment of Interest and Principal 5,369,396.36
Total Withdrawals (Pool Distribution Amount) 5,485,328.41
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 113,373.21
Indenture Trustee: Norwest Bank 2,558.84
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 115,932.05
</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 15 2,279,523.30 0.783699% 0.845160%
60 Days 6 1,242,910.70 0.313480% 0.460824%
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 21 3,522,434.00 1.097179% 1.305984%
</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% 22,722,099.76 8.42448706% 91.575513% 0.000000%
Class R-I 22,758,269.15 8.25015943% 22,722,099.76 8.42448706% 0.000000% 0.000000%
Class R-II 22,758,169.15 8.25012318% 22,722,099.76 8.42448706% 0.000000% 0.000000%
Class M-1 11,448,169.15 4.15010562% 11,430,024.96 4.23781686% 4.186670% 49.696441%
Class M-2 6,483,169.15 2.35023054% 6,472,893.98 2.39990195% 1.837915% 21.816342%
Class M-3 4,138,169.15 1.50013848% 4,131,610.57 1.53184345% 0.868058% 10.303992%
Class B-1 2,483,169.15 0.90018012% 2,479,233.58 0.91920515% 0.612638% 7.272114%
Class B-2 1,793,169.15 0.65004642% 1,790,327.16 0.66378496% 0.255420% 3.031878%
Class B-3 0.00 0.00000000% 0.00 0.00000000% 0.663785% 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 0.05628869%
Fraud 5,517,049.54 2.00000000% 5,517,049.54 2.04551133%
Special Hazard 2,758,525.00 1.00000008% 2,758,525.00 1.02275575%
<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 9.902231%
Weighted Average Net Coupon 9.403792%
Weighted Average Pass-Through Rate 9.392542%
Weighted Average Maturity(Stepdown Calculation ) 346
Beginning Scheduled Collateral Loan Count 1,935
Number Of Loans Paid In Full 21
Ending Scheduled Collateral Loan Count 1,914
Beginning Scheduled Collateral Balance 272,947,935.00
Ending Scheduled Collateral Balance 269,714,934.54
Ending Actual Collateral Balance at 31-May-2000 269,842,885.33
Monthly P &I Constant 2,397,723.80
Class A Optimal Amount 5,181,666.62
Ending Scheduled Balance for Premium Loans 269,714,934.54
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Senior Accelerated Distribution 100%
Percentage
Lockout Priority Percentage 0%
Senior Percentage 91.596996872%
</TABLE>
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