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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): April 21, 1997
METROPOLITAN ASSET FUNDING, INC.
(Exact name of registrants as specified
in its organizational documents)
Delaware 333-11447 91-
(Corporation state of (Commission 1734050
incorporation) File (Corporation
Number) I.R.S.
Employer
Identification
No.)
929 West Sprague Avenue, Spokane, Washington 99210
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area cod
e: (602) 947-7703
Not Applicable
(Former name or former address, if changes since last report)
PAGE 1 OF 11 PAGES
EXHIBIT INDEX APPEARS ON PAGE 6
Item 5. Other Events.
The registrant is filing this Current Report on Form 8-K in
order to file with the Commission the Monthly Statement to
Certificateholders as to the Payment Date of April 21, 1997.
Item 7. Exhibits.
99.1 Monthly Statement to Certificateholders as to the Payment
Date of April 21, 1997.
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 hereunto duly authorized.
METROPOLITAN ASSET FUNDING, INC.
/S/ Tom Turner
Date: May 9, 1997 By
Tom Turner, President
EXHIBIT INDEX
Sequentially
Exhibit Description Numbered
No. Page
99.1 Monthly Statement to Certificates as 6
to the Payment Date of April 21, 1997.
<TABLE>
<CAPTION>
Payment Date: 04/21/97
Metropolitan Asset Funding, Inc.
Mortgage Pass-Through Certificates, Series 1996-A
Class Current Payment Information
Information
Class Beginning Pass- Principal Interest Total
Code Name Cert. Bal. Through Dist. Amt. Dist. Amt. Dist.
<S> <C> <C> <C> <C> <C> <C>
A-1 $ 6.050000% $1,944,590. $182,887.51 $2,127,477.63
36,275,208.54 12
A-2 24,513,122.00 6.850000 0.00 139,929.07 139,929.07
A-3 9,241,971.00 7.150000 0.00 55,066.74 55,066.74
A-4 25,276,179.23 6.950000 110,130.89 146,391.20 256,522.09
B-1 6,829,273.15 7.200000 29,755,84 40,975.64 70,731.48
B-2 4,345,901.28 7.500000 18,935,54 27,161.88 46,097.42
B-3 3,801,675.00 8.250000 0.00 26,136.52 26,136.52
B-4 4,118,481.00 8.250000 0.00 28,314.56 28,314.56
B-5 2,851,256.00 8.250000 0.00 19,602.39 19,602.39
R/PO 2,534,454.68 2.240484 0.00 0.00 0.00
R/ZI 885,744.18 2.240484 0.00 0.00 0.00
O
R 3,420,198.86 2.240484 0.00 0.00 0.00
Tot 120,673,266.06 2,103,412.3 666,465.51 2,769,877.90
als ============== 9 ========== ============
===========
=
Payment Date: 04/21/97
Metropolitan Asset Funding, Inc.
Mortgage Pass-Through Certificates, Series 1996-A
(Continued)
Class Current Payment Information
Information
Clas Losses Interest Ending Carry Aggregat
s Name to Shortfal Cert. Bal. Forwar e
Code Principa ls d Unpaid
l
<S> <C> <C> <C> <C> <C> <C>
A-1 0.00 0.00 $34,330,618.4 0.00 $67,622.
1 99
A-2 0.00 0.00 24,513,122.00 0.00 0.00
A-3 0.00 0.00 9,241,971.00 0.00 0.00
A-4 0.00 0.00 25,166,048.34 0.00 0.00
B-1 0.00 0.00 6,799,517.31 0.00 0.00
B-2 0.00 0.00 4,326,965.74 0.00 0.00
B-3 0.00 0.00 3,801,675.00 0.00 0.00
B-4 0.00 0.00 4,118,481.00 0.00 0.00
B-5 0.00 0.00 2,851,256.00 0.00 0.00
R/PO 0.00 0.00 2,534,454.68 0.00 0.00
R/ZI 0.00 0.00 1,101,141.52 0.00 0.00
O
R 0.00 0.00 3,635,596.20 0.00 0.00
Total $118,785,251. $67,622.
01 99
============= ========
== =
Payment Date: 04/21/97
Metropolitan Asset Funding, Inc.
Mortgage Pass-Through Certificates, Series 1996-A
(Continued)
Class Information Factors Per $1,000
Class Principal Interest Ending
Code Name Dist. Dist. Cert. Bal.
<S> <C> <C> <C> <C>
A-1 45.7976610 4.30724197 808.53132411
5
A-2 0.00000000 5.70833328 1000.00000000
A-3 0.00000000 5.95833291 1000.00000000
A-4 4.26929096 5.67494394 975.57717591
B-1 4.26929145 5.87907896 975.57717536
B-2 4.26929145 6.12403975 975.57717536
B-3 0.00000000 6.87500115 1000.00000000
B-4 0.00000000 6.87500076 1000.00000000
B-5 0.00000000 6.87500175 1000.00000000
R/PO 0.00000000 0.00000000 1000.00000000
R/ZIO 0.00000000 0.00000000 0.00000000
R 0.00000000 0.00000000 1000.00000000
16.5985689 5.25925098 937.36500815
0
Class In Original Certificate
formation Information
Type Name Cert. Bal. Pass- Cusips
Through
<S> <C> <C> <C> <C>
Senior A-1 $ 6.050000% 591738AA7
42,460,468.00
A-2 24,513,122.00 6.850000 591738AB5
A-3 9,241,971.00 7.150000 591738AC3
A-4 25,796,061.00 6.950000 591738AD1
Subordinat B-1 6,969,738.00 7.200000 591738AE9
e
B-2 4,435,288.00 7.500000 591738AF6
B-3 3,801,675.00 8.250000 N/A
B-4 4,118,481.00 8.250000 N/A
B-5 2,851,256.00 8.250000 N/A
Residual R/PO 2,534,454.68 2.240484 N/A
R/ZIO 0.00 2.240484 N/A
R 2,534,454.68 2.240484 N/A
Totals $126,722,514.68
Payment Date: 12/20/96
Accrual Period: 11/2/96 thru 12/1/96
Metropolitan Asset Funding, Inc.
Mortgage Pass-Through Certificates, Series 1996-A
(Continued)
Aggregate Certificate
Information
Class Aggregate Aggregate Aggregate
Type Pct. Prepay. End. Cert. Bal.
Pct.
<S> <C> <C>> <C>
Senior 65.767480% 100.00000 93,251,759.75
0%
Class A-4 23.737590 0.000000 n/a
Subordinat 10.494929 0.000000 25,533,491.25
e
P&S Ref.
Sec. Ending Collateral Information
5.04
Aggregate stated $118,785,249.56
principal
balance
Aggregate loan 2,265
count
Aggregate $1,423,793.85
prepayment
amount
Weighted average 178
remaining term
Weighted average 9.527428%
coupon rate
P&S Ref.
Sec. Fees & Advances
5.04
Master Trustee
Servicer
<S> <C> <C> <C>
Monthly fees $ 75,420.99 $804.99
Aggregate 1,532,346.57
advances
Aggregate 798,625.25
recoveries
Outstanding $1,769,963.1
advances 5
P&S Ref.
Sec. Losses &
5.04 Insurance
Coverages
Net realized 0.00
losses (this
period)
Cumulative 0.00
losses (from Cut-
Off)
Special Bankruptcy Fraud
Hazard
<S> <C> <C> <C> <C>
Net principal 0.00 0.00 0.00
losses
Net interest 0.00 0.00 0.00
losses
Excess losses 0.00 0.00 0.00
Loss coverage $1,644,100.0 $129,193.00 $3,801,676.
amount 0 00
Payment Date: 04/21/97
Metropolitan Asset Funding, Inc.
Mortgage Pass-Through Certificates, Series 1996-A
(Continued)
P&S Ref.
Sec. Delinquency Information (as of the
5.04 Due Date)
Ending
Period Loan Count Stated
Balance
<S> <C> <C> <C>
30-59 days 41 2,047,167.
99
60-89 days 23 1,081,171.
16
90+ days 22 870,215.84
In 5 219,263.49
foreclosure
Bankruptcy 0 0.00
Totals 91 4,217,818.
=== 48
==========
==
P&S Ref.
Sec. Reo
5.04 Information
Ending Book
Reo Date Loan Number Stated Valu
Balance e
<S> <C> <C> <C> <C>
-- 0.00 0.00
-- 0.00 0.00
-- 0.00 0.00
-- 0.00 0.00
Totals 0 0.00 0.00
P&S Ref.
Sec. Other
5.04 Information
Available 2,769,877.90
funds
Accretion 225,305.46
amount
Net 0.00
prepayment
interest
shortfalls
Recoveries 0.00
on
foreclosed
loans
Repurchase 0.00
price
Deleted 0.00
mortgage
loan
shortfall
</TABLE>
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