|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: VIVID TECHNOLOGIES INC, 8-A12G, 1996-11-27 |
Next: COTTON VALLEY RESOURCES CORP, SB-2, 1996-11-27 |
<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 report) 15-Nov-96
--------------------
The Money Store Inc. (as Representative under a
Pooling and Servicing Agreement dated as of
August 31, 1996 providing for the issuance of
TMS Asset Backed Certificates, Series 1996-C) and
each of the Originators listed on Schedule A
attached hereto.
The Money Store, Inc.
--------------------------------
(Exact name of regristrant as specified in its charter)
New Jersey 33-98734 22-2293022
- ---------- -------- ----------
State or other (Commission (IRS Employer
jurisdiction of File Number) ID Number)
incorporation)
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 5 Other Events
------------
Attached herein as Annex A is a copy of the Monthly Statement sent to
Class A Certificate holders with respect to the November 15, 1996 Remittance
Date.
Item 7 Financial Statements and Exhibits
---------------------------------
The quarterly financial statement for MBIA Inc. is incorporated by
reference to the Form 10Q filed by FSA with the Securities and Exchange
Commission on August 14, 1996.
<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
--------------------
Harry Puglisi
Treasurer
Dated: 15-Nov-96
<PAGE>
Schedule A
List of Originators
-------------------
1996-C
------
The Money Store/Minnesota Inc.
The Money Store/D.C. Inc.
The Money Store/ Kentucky Inc.
The Money Store Home Equity Corp.
TMS Mortgage Inc.
<PAGE>
SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.10 OF THE POOLING AND SERVICING AGREEMENT DATED AS
OF AUGUST 31, 1996, THE MONEY STORE INC. REPORTS THE FOLLOWING INFORMATION
PERTAINING TO SERIES 1996-C FOR THE NOVEMBER 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) $8,008,112.33 $4,447,470.43 $4,418,208.88 $188,712.04
ADJ : RECALCULATION 0.00 0.00 0.00 0.00
--------------------------------------------------------
8,008,112.33 4,447,470.43 4,418,208.88 188,712.04
LESS: SERVICE FEE (7.03 & 5.04) 73,649.89 45,987.79 39,976.90 3,964.04
CONTINGENCY FEE (7.03 & 5.04) 73,649.89 45,987.79 39,976.90 3,964.04
OTHER SERVICER FEES (Late Charges / Escrow) (7.03 & 5.04) 34,305.68 17,007.31 6,476.52 0.00
UNREIMBURSED MONTHLY ADVANCES (5.04 b) 0.00 0.00 0.00 0.00
--------------------------------------------------------
181,605.46 108,982.89 86,430.32 7,928.08
PLUS: MONTHLY ADVANCE (6.11) - INCLUDING
COMPENSATING INTEREST (6.12) 275,482.51 196,529.21 0.00 0.00
PRE-FUNDING ACCOUNT TRANSFER (6.02) 372,489.44 57,805.01 282.85 16,467.90
CAPITALIZED INTEREST ACCOUNT TRANSFER (6.02) 185,309.30 11,252.47 (282.85) 11,217.41
--------------------------------------------------------
833,281.25 265,586.70 0.00 27,685.31
LESS: EXCESS SPREAD (I-19) 1,337,732.53 671,651.83 761,217.58 24,602.63
SUBORDINATION REDUCTION AMOUNT (I-56) 0.00 0.00 0.00 0.00
--------------------------------------------------------
1,337,732.53 671,651.83 761,217.58 24,602.63
--------------------------------------------------------
AVAILABLE REMITTANCE AMOUNT 7,322,055.60 3,932,422.41 3,570,560.98 183,866.63
========================================================
2. (A) CLASS A-1 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 121,626,165.76
(B) CLASS A-2 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 30,516,000.00
(C) CLASS A-3 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 76,680,000.00
(D) CLASS A-4 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 54,763,000.00
(E) CLASS A-5 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 115,988,548.59
(F) CLASS A-6 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 51,521,000.00
(G) CLASS A-7 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 44,182,000.00
(H) CLASS A-8 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 212,130,485.86
(I) CLASS A-9 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 60,000,000.00
(J) CLASS A-10 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 81,518,111.15
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(K) CLASS A-11 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 48,198,000.00
(L) CLASS A-12 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 22,388,000.00
(M) CLASS A-13 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 20,627,000.00
(N) CLASS A-14 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 24,918,000.00
(O) CLASS A-15 PRINCIPAL BALANCE AS REPORTED
IN PRIOR SERVICER'S CERTIFICATE 24,373,438.11
3. PRINCIPAL DISTRIBUTION AMOUNTS :
CLASS A-1 3,922,323.24
CLASS A-2 0.00
CLASS A-3 0.00
CLASS A-4 0.00
CLASS A-5 1,845,799.17
CLASS A-6 0.00
CLASS A-7 0.00
TOTAL POOL I PRINCIPAL DISTRIBUTION AMOUNT : 5,768,122.41
CLASS A-8 3,254,380.52
CLASS A-9 0.00
TOTAL POOL II PRINCIPAL DISTRIBUTION AMOUNT : 3,254,380.52
CLASS A-10 3,174,134.56
CLASS A-11 0.00
CLASS A-12 0.00
CLASS A-13 0.00
CLASS A-14 0.00
TOTAL POOL III PRINCIPAL DISTRIBUTION AMOUNT : 3,174,134.56
CLASS A-15 41,409.82
TOTAL POOL IV PRINCIPAL DISTRIBUTION AMOUNT : 41,409.82
4. TOTAL AMOUNT OF POOL I, II , III & IV
INSURED PAYMENTS 0.00
5. (A) SUBORDINATED AMOUNT
POOL I 1,105,648.72
POOL II 500,483.34
POOL III 18,680,427.35
POOL IV 1,554,228.61
(B) SPECIFIED SUBORDINATED AMOUNT
POOL I 15,500,000.00
POOL II 7,700,000.00
POOL III 24,000,000.00
POOL IV 6,250,000.00
6. PRINCIPAL PREPAYMENT RECEIVED DURING
THE DUE PERIOD # ACCOUNTS DOLLARS
POOL I 97 3,248,099.70
POOL II 26 1,931,009.12
POOL III 135 1,630,364.11
POOL IV 0 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
7. AMOUNT OF CURTAILMENTS RECEIVED DURING
THE DUE PERIOD
POOL I 782,689.86
POOL II 374,594.96
POOL III 391,493.09
POOL IV 0.00
8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS
IN RESPECT OF PRINCIPAL RECEIVED DURING
THE DUE PERIOD
POOL I 546,900.10
POOL II 369,100.19
POOL III 456,027.74
POOL IV 10,124.93
9. AMOUNT OF INTEREST RECEIVED
POOL I 3,396,116.99
POOL II 1,755,758.85
POOL III 1,928,554.77
POOL IV 178,587.11
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 275,482.51
POOL II 196,529.21
POOL III 0.00
POOL IV 0.00
(B) AMOUNT OF COMPENSATING INTEREST
POOL I 741.73
POOL II 1,531.06
POOL III 649.32
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
13. CLASS A-1 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 679,079.43
(B) PRINCIPAL DISTRIBUTION AMOUNT 3,922,323.24
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-1 REMITTANCE AMOUNT 4,601,402.66
CLASS A-2 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 173,941.20
(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 173,941.20
CLASS A-3 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 451,773.00
(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 451,773.00
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
CLASS A-4 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 337,705.17
(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 337,705.17
CLASS A-5 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 557,605.64
(B) PRINCIPAL DISTRIBUTION AMOUNT 1,845,799.17
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-5 REMITTANCE AMOUNT 2,403,404.81
CLASS A-6 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 330,163.74
(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 330,163.74
CLASS A-7 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 291,233.02
(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 291,233.02
POOL I REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 2,821,501.19
(B) PRINCIPAL DISTRIBUTION AMOUNT 5,768,122.41
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL POOL I REMITTANCE AMOUNT 8,589,623.60
CLASS A-8 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 1,019,800.28
(B) PRINCIPAL DISTRIBUTION AMOUNT 3,254,380.52
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-8 REMITTANCE AMOUNT 4,274,180.80
CLASS A-9 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 277,966.67
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-9 REMITTANCE AMOUNT 277,966.67
POOL II REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 1,297,766.95
(B) PRINCIPAL DISTRIBUTION AMOUNT 3,254,380.52
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL POOL II REMITTANCE AMOUNT 4,552,147.47
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
CLASS A-10 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 385,574.12
(B) PRINCIPAL DISTRIBUTION AMOUNT 3,174,134.56
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-10 REMITTANCE AMOUNT 3,559,708.68
CLASS A-11 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 279,548.40
(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 279,548.40
CLASS A-12 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 135,260.83
(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 135,260.83
CLASS A-13 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 129,606.32
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-13 REMITTANCE AMOUNT 129,606.32
CLASS A-14 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 161,655.53
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-14 REMITTANCE AMOUNT 161,655.53
POOL III REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 1,091,645.20
(B) PRINCIPAL DISTRIBUTION AMOUNT 3,174,134.56
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL POOL III REMITTANCE AMOUNT 4,265,779.76
???
CLASS A-15 (POOL IV) REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 154,872.89
(B) PRINCIPAL DISTRIBUTION AMOUNT 41,409.82
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL POOL IV REMITTANCE AMOUNT 196,282.71
</TABLE>
<PAGE>
<TABLE>
<S> <C>
14.(A) REIMBURSABLE AMOUNTS 0.00
(B) CLASS R REMITTANCE AMOUNT PAYABLE PURSUANT
TO SECTION 6.08(d)(iii)(iv)
POOL I (0.00)
POOL II 0.00
POOL III 0.00
POOL IV 0.00
(C) CLASS A-1 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 117,703,842.52
(D) CLASS A-4 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 54,763,000.00
(E) CLASS A-5 PRINCIPAL BALANCE AFTER
DISTRIBUTIONS TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 114,142,749.42
(F) CLASS A-6 PRINCIPAL BALANCE AFTER
DISTRIBUTIONS TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 51,521,000.00
(G) CLASS A-7 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 44,182,000.00
(H) CLASS A-8 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 208,876,105.34
(I) CLASS A-9 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 60,000,000.00
(J) CLASS A-10 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 78,343,976.59
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(K) CLASS A-11 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 48,198,000.00
(L) CLASS A-12 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 22,388,000.00
(M) CLASS A-13 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 20,627,000.00
(N) CLASS A-14 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 24,918,000.00
(O) TOTAL POOL I PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 489,508,591.00
(P) TOTAL POOL II PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 268,876,105.34
(Q) TOTAL POOL III PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATIOIN
OF REALIZED LOSSES 194,474,976.59
(R) TOTAL POOL IV PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 24,332,028.29
16.(A) MONTHLY EXCESS SPREAD PERCENTAGE (FOR POOL I, II, III AND IV) 100.00%
(B) EXCESS SPREAD (POOL I) 1,337,732.53
EXCESS SPREAD (POOL II) 671,651.83
EXCESS SPREAD (POOL III) 761,217.58
EXCESS SPREAD (POOL IV) 24,602.63
TOTAL EXCESS SPREAD (POOL I, II, III and IV) 2,795,204.57
(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
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 266.829
POOL II 356.278
POOL III 208.279
POOL IV 335.066
(B) THE WEIGHTED AVERAGE MORTGAGE
INTEREST RATE
POOL I 11.546%
POOL II 9.566%
POOL III 12.069%
POOL IV 11.241%
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
19. (A) SERVICING FEE FOR THE RELATED DUE PERIOD
POOL I 73,649.89
POOL II 45,987.79
POOL III 39,976.90
POOL IV 3,964.04
(B) CONTINGENCY FEE FOR THE RELATED DUE PERIOD
POOL I 73,649.89
POOL II 45,987.79
POOL III 39,976.90
POOL IV 3,964.04
(C) AMOUNT TO BE DEPOSITED TO THE EXPENSE ACCOUNT - TRUSTEE
POOL I 20,636.53
POOL II 11,338.77
POOL III 8,235.38
POOL IV 1,015.56
(D) AMOUNT TO BE DEPOSITED TO THE INSURANCE ACCOUNT- MBIA
POOL I 49,528.00
POOL II 27,213.00
POOL III 49,412.00
POOL IV 11,171.00
(E) FHA PREMIUM ACCOUNT 8,351.42
(F) CLASS A-9 AUCTION AGENT FEE 13,375.00
20. AMOUNT OF PAYMENTS AND REIMBURSEMENTS TO THE POOL II
SERVICERS PURSUANT TO: POOL I
(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) 147,299.78 91,975.58
POOL III 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 (f)(i) 79,953.80 7,928.08
21. CLASS A-1 POOL FACTOR (I-5):
CURRENT CLASS A-1 PRINCIPAL BALANCE 117,703,842.52 0.94285268
ORIGINAL CLASS A-1 PRINCIPAL BALANCE 124,838,000.00
CLASS A-2 POOL FACTOR (I-5):
CURRENT CLASS A-2 PRINCIPAL BALANCE 30,516,000.00 1.00000000
ORIGINAL CLASS A-2 PRINCIPAL BALANCE 30,516,000.00
CLASS A-3 POOL FACTOR (I-5):
CURRENT CLASS A-3 PRINCIPAL BALANCE 76,680,000.00 1.00000000
ORIGINAL CLASS A-3 PRINCIPAL BALANCE 76,680,000.00
CLASS A-4 POOL FACTOR (I-5):
CURRENT CLASS A-4 PRINCIPAL BALANCE 54,763,000.00 1.00000000
ORIGINAL CLASS A-4 PRINCIPAL BALANCE 54,763,000.00
CLASS A-5 POOL FACTOR (I-5):
CURRENT CLASS A-5 PRINCIPAL BALANCE 114,142,749.42 0.97142765
ORIGINAL CLASS A-5 PRINCIPAL BALANCE 117,500,000.00
CLASS A-6 POOL FACTOR (I-5):
CURRENT CLASS A-6 PRINCIPAL BALANCE 51,521,000.00 1.00000000
ORIGINAL CLASS A-6 PRINCIPAL BALANCE 51,521,000.00
CLASS A-7 POOL FACTOR (I-5):
CURRENT CLASS A-7 PRINCIPAL BALANCE 44,182,000.00 1.00000000
ORIGINAL CLASS A-7 PRINCIPAL BALANCE 44,182,000.00
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
POOL I FACTOR:
CURRENT POOL I PRINCIPAL BALANCE 489,508,591.94 0.97901718
ORIGINAL POOL I PRINCIPAL BALANCE 500,000,000.00
CLASS A-8 POOL FACTOR:
CURRENT CLASS A-10 PRINCIPAL BALANCE 208,876,105.34 0.97151677
ORIGINAL CLASS A-10 PRINCIPAL BALANCE 215,000,000.00
CLASS A-9 POOL FACTOR (I-5):
CURRENT CLASS A-11 PRINCIPAL BALANCE 60,000,000.00 1.00000000
ORIGINAL CLASS A-11 PRINCIPAL BALANCE 60,000,000.00
POOL II FACTOR:
CURRENT POOL II PRINCIPAL BALANCE 268,876,105.34 0.97773129
ORIGINAL POOL II PRINCIPAL BALANCE 275,000,000.00
CLASS A-10 POOL FACTOR (I-5):
CURRENT CLASS A-10 PRINCIPAL BALANCE 78,343,976.59 0.93412318
ORIGINAL CLASS A-10 PRINCIPAL BALANCE 83,869,000.00
CLASS A-11 POOL FACTOR (I-5):
CURRENT CLASS A-11 PRINCIPAL BALANCE 48,198,000.00 1.00000000
ORIGINAL CLASS A-11 PRINCIPAL BALANCE 48,198,000.00
CLASS A-12 POOL FACTOR (I-5):
CURRENT CLASS A-12 PRINCIPAL BALANCE 22,388,000.00 1.00000000
ORIGINAL CLASS A-12 PRINCIPAL BALANCE 22,388,000.00
CLASS A-13 POOL FACTOR (I-5):
CURRENT CLASS A-13 PRINCIPAL BALANCE 20,627,000.00 1.00000000
ORIGINAL CLASS A-13 PRINCIPAL BALANCE 20,627,000.00
CLASS A-14 POOL FACTOR (I-5):
CURRENT CLASS A-14 PRINCIPAL BALANCE 24,918,000.00 1.00000000
ORIGINAL CLASS A-14 PRINCIPAL BALANCE 24,918,000.00
POOL III FACTOR:
CURRENT POOLI III PRINCIPAL BALANCE 194,474,976.59 0.97237488
ORIGINAL POOL III PRINCIPAL BALANCE 200,000,000.00
CLASS A-15 (POOL IV) FACTOR (I-5):
CURRENT CLASS A-15 PRINCIPAL BALANCE 24,332,028.29 0.97328113
ORIGINAL CLASS A-15 PRINCIPAL BALANCE 25,000,000.00
22. (A) WEIGHTED AVERAGE MORTGAGE INTEREST RATE
POOL I 11.546%
POOL II 9.566%
POOL III 12.069%
POOL IV 11.241%
(B) ADJUSTED MORTGAGE INTEREST RATE OF THE MORTGAGE LOANS
POOL I 10.876%
POOL II 8.629%
POOL III 10.219%
POOL IV 10.141%
(C) WEIGHTED AVERAGE CLASS A-1, CLASS A-2, CLASS A-3, CLASS A-4, CLASS A-5,
CLASS A-6 AND CLASS A-7 ADJUST MORTGAGE LOAN REMITTANCE RATE 6.968%
CLASS A-8 AND CLASS A-9 ADJUSTED MORTGAGE LOAN REMITTANCE RATE 5.767%
CLASS A-10, CLASS A-11, CLASS A-12, CLASS A-13 AND CLASS A-14
ADJUSTED MORTGAGE LOAN REMITTANCE RATE 6.920%
CLASS A-16 ADJUSTED MORTGAGE LOAN REMITTANCE RATE 8.225%
</TABLE>
<TABLE>
<CAPTION>
(D) WEIGHTED AVERAGE MORTGAGE INTEREST RATE FOR 08/31/96 09/30/96 10/31/96
---------------------------------------------
<S> <C> <C> <C>
POOL I 11.40% 11.551% 11.546%
POOL II 9.10% 9.539% 9.566%
POOL III 11.90% 12.069% 12.069%
POOL IV 11.00% 11.235% 11.241%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
23. CLASS A-5 REMITTANCE RATE 5.5828%
CLASS A-8 REMITTANCE RATE 5.5828%
CLASS A-9 REMITTANCE RATE (BASED ON AUCTION RATE) 5.3800%
CLASS A-10 REMITTANCE RATE 5.4928%
IF REMITTANCE RATES BASED ON THE NET FUNDS CAP
LIBOR PLUS MARGIN FOR CLASS A-5 N/A
LIBOR PLUS MARGIN FOR CLASS A-8 N/A
AUCTION RATE FOR CLASS A-9 N/A
LIBOR PLUS MARGIN FOR CLASS A-10 N/A
24. LIBOR RATE 5.38281%
25. NET FUNDS CAP (RATE)
CLASS A-5 NET FUNDS CAP 10.861%
CLASS A-8 NET FUNDS CAP 9.116%
CLASS A-9 NET FUNDS CAP 9.116%
CLASS A-10 NET FUNDS CAP 11.379%
26. CLASS A-5 CERTIFICATEHOLDERS' LIBOR INTEREST CARRYOVER 0.00
CLASS A-8 CERTIFICATEHOLDERS' LIBOR INTEREST CARRYOVER 0.00
CLASS A-9 CERTIFICATEHOLDERS' LIBOR INTEREST CARRYOVER 0.00
CLASS A-10 CERTIFICATEHOLDERS' LIBOR INTEREST CARRYOVER 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 8,351.42
(B) AMOUNT REIMBURURSABLE TO THE SERVICER AND/OR THE
CERTIFICATE INSURER FROM THE FHA ACCOUNT PUSUANT TO 6.06(b)(i) 46,746.95
29. AMOUNT OF FHA PAYMENTS AND RELATED PAYMENTS
RECEIVED DURING THE MONTH 0.00
30. THE RESERVE AMOUNT FOR THE DUE PERIOD 20,000,000.00
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
(A) SPREAD ACCOUNT BALANCES
POOL I 0.00
POOL II 0.00
POOL III 18,069,443.71
POOL IV 1,505,786.98
(B) AMOUNT TO BE DEPOSITED INTO POOL III
SPREAD ACCOUNT DUE TO TRIGGER ACTIVATION 0
</TABLE>
<PAGE>
EXHIBIT O ( POOL I )
REMIC DELINQUENCIES AS OF -OCTOBER 31, 1996
<TABLE>
<CAPTION>
REMIC OUTSTANDING #
SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
<S> <C> <C> <C> <C> <C> <C>
1996-C-I $392,156,717.70 9147 1 TO 29 DAYS 41,953,055.64 969 10.70%
30 TO 59 DAYS 5,380,539.40 129 1.37%
60 TO 89 DAYS 1,317,245.98 25 0.34%
90 AND OVER 94,505.10 3 0.02%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $48,745,346.12 1,126 12.43%
============== =========== ===========
<CAPTION>
EXHIBIT O ( POOL II )
REMIC DELINQUENCIES AS OF -OCTOBER 31, 1996
REMIC OUTSTANDING #
SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
<S> <C> <C> <C> <C> <C> <C>
1996-C-II $254,492,332.61 3090 1 TO 29 DAYS 26,053,128.63 300 10.24%
30 TO 59 DAYS 4,562,411.94 50 1.79%
60 TO 89 DAYS 643,681.92 9 0.25%
90 AND OVER 0.00 0 0.00%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $31,259,222.49 359 12.28%
============== =========== ===========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT O ( POOL III )
REMIC DELINQUENCIES AS OF -OCTOBER 31, 1996
REMIC OUTSTANDING #
SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
<S> <C> <C> <C> <C> <C> <C>
1996-C-III $195,706,541.53 11990 1 TO 29 DAYS 32,319,703.28 2039 16.51%
30 TO 59 DAYS 4,526,484.48 321 2.31%
60 TO 89 DAYS 1,029,125.24 56 0.53%
90 AND OVER 490,686.91 31 0.25%
CLAIMS PENDING 0.00 0 0.00%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $38,365,999.91 2,447 19.60%
============== ========== ==========
<CAPTION>
EXHIBIT O ( POOL IV )
REMIC DELINQUENCIES AS OF -OCTOBER 31, 1996
REMIC OUTSTANDING #
SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
<S> <C> <C> <C> <C> <C> <C>
1996-C-IV 20,006,281.20 88 1 TO 29 DAYS 371,000.00 2 1.85%
30 TO 59 DAYS 247,430.70 2 1.24%
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 $618,430.70 4 3.09%
============== ========== ==========
</TABLE>
<PAGE>
1996-C
The following additional information, presented in dollars, pursuant to Secton
6.10 subclauses (ii), (vi), (vii), (viii), (xiii), (xv), (xxxvi) is provided for
each Class per $1,000 (or per $25,000 for Class A-9) 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) 974.27 1,000.00 1,000.00 1,000.00 987.14
(vi) 17.69 0.00 0.00 0.00 8.85
(vii) 4.26 0.00 0.00 0.00 2.13
(viii) 4.38 0.00 0.00 0.00 1.49
(xiii)(a) 5.44 5.70 5.89 6.17 4.75
(b) 31.42 0.00 0.00 0.00 15.71
(c) 0.00 0.00 0.00 0.00 0.00
(d) 0.00 0.00 0.00 0.00 0.00
(xxxvi)
(xv) 942.85 1,000.00 1,000.00 1,000.00 971.43
(ix)
(xxxvi) 0.00 0.00 0.00 0.00 0.00
<CAPTION>
POOL II POOL III
SUBCLAUSE CLASS A-6 CLASS A-7 CLASS A-8 CLASS A-9 CLASS A-10
- ----------- ----------- ------------ ---------------------------------------
<S> <C> <C> <C> <C> <C>
(ii) 1,000.00 1,000.00 986.65 25,000.00 971.97
(vi) 0.00 0 8.98 0.00 19.44
(vii) 0.00 0 1.74 0.00 4.67
(viii) 0.00 0 1.72 0.00 5.44
(xiii)(a) 6.41 6.59 4.74 115.82 4.60
(b) 0.00 0 15.14 0.00 37.85
(c) 0.00 0 0.00 0.00 0.00
(d) 0.00 0 0.00 0.00 0.00
(xv) 1,000.00 1,000.00 971.52 25,000.00 934.12
(xxxvi) 0.00 0 0.00 0.00 0.00
<CAPTION>
POOL III POOL IV POOL IV
SUBCLAUSE CLASS A-11 CLASS A-12 CLASS A-13 CLASS A-14 CLASS A-15 CLASS A-16
- ----------- ---------- ---------- -------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
(ii) 1,000.00 1,000.00 1,000.00 1,000.00 974.94 988.08
(vi) 0.00 0.00 0.00 0.00 0.00 0.00
(vii) 0.00 0.00 0.00 0.00 0.00 0.00
(viii) 0.00 0.00 0.00 0.00 0.40 0.39
(xiii)(a) 5.80 6.04 6.28 6.49 6.19 6.60
(b) 0.00 0.00 0.00 0.00 1.66 2.37
(c) (0.00) 0.00 0.00 0.00 0.00 0.00
(d) 0.00 0.00 0.00 0.00 0.00 0.00
(xv) 1,000.00 1,000.00 1,000.00 1,000.00 973.28 985.71
(xxxvi) 0.00 0.00 0.00 0.00 0.00 0.00
</TABLE>
|
|