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: July 15, 1997
(Date of earliest event reported)
Asset Securitization Corporation
Commercial Mortgage Pass-Through Certificates
Series 1996-MD VI
- --------------------------------------------------------------------------
(Exact Name of registrant as specified in its charter)
Delaware 33-49370-02 13-3672337
- --------------- ----------------------- ----------------------
(State or Other Juris- (Commission (I.R.S. Employer
diction of Incorporation) File Number) Identification Number)
Two World Financial Center, Building B, New York, New York 10281
- ---------------------------------------------------------------------------
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code: 212-667-9300
-----------------------
- ---------------------------------------------------------------------------
This Document contains exactly 19 Pages.
The Exhibit Index is on Page 05.
<PAGE>
ITEM 5. OTHER EVENTS
This Current Report on Form 8-K relates to the Trust Fund
formed, and the Commercial Mortgage Pass-Through Certificates Series 1996-MD VI
issued pursuant to a Pooling and Servicing Agreement, dated as of December 1,
1996 (the "Pooling and Servicing Agreement"), by and among Asset Securitization
Corporation (the "Company"), as depositor, AMRESCO Management, Inc., as
servicer, LaSalle National Bank, as trustee, and ABN AMRO Bank, N.V., as fiscal
agent. The Certificates have been registered pursuant to the Act under a
Registration Statement on Form S-3 (No.33-99502)(the "Registration Statement").
Capitalized terms used herein and not defined herein have the
same meanings ascribed to such terms in the Pooling and Servicing Agreement.
Pursuant to Section 3.22 of the Pooling and Servicing Agreement,
Servicer is filing this Current Report containing the July 15, 1997 monthly
distribution report prepared by the Trustee, pursuant to Section 4.02(a)
thereof.
Servicer has received and presented copies of the monthly
financial information required pursuant to the documents for the Columbia
Sussex II loan; the HGI II loan; the MHP II loan; the Palmer Square loan; and
the Prime Retail II loan to the Trustee. Servicer has received and will file
separately, based on an EDGAR hardship exemption, the monthly financial
information required pursuant to the documents for the MHP II loan and the
Prime Retail II loan.
This Current Report is being filed by the Servicer, in its
capacity as such under the Pooling and Servicing Agreement, on behalf of the
Registrant. The information reported and contained herein has been supplied
to the Servicer by one or more of the Borrowers or other third parties without
independent review or investigation by the Servicer. Pursuant to the Pooling
and Servicing Agreement, the Servicer is not responsible for the accuracy or
completeness of such information.
<PAGE>
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS
(c) Exhibits
Item 601(a) of
Regulation S-K
Exhibit No. Exhibit No. Description
5.1 99 Monthly distribution report pursuant to
Section 4.2 of the Pooling and Servicing
Agreement for the distribution on July 15,
1997
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on behalf of the Registrant
by the undersigned thereunto duly authorized.
AMRESCO MANAGEMENT, INC., IN
ITS CAPACITY AS SERVICER
UNDER THE POOLING AND
SERVICING AGREEMENT ON
BEHALF OF ASSET SECURITIZATION
CORPORATION, REGISTRANT
By:/s/ Daniel B. Kirby
Daniel B. Kirby,
Senior Vice President
By:/s/ Sean D. Reilly
Sean D. Reilly
Vice President
Date: July 15, 1997
<PAGE>
EXHIBIT INDEX
Item 601(a) of
Regulation S-K
Exhibit No. Exhibit No. Description
5.1 99 Monthly distribution report pursuant to
Section 4.2 of the Pooling and Servicing
Agreement for the distribution on July 15,
1997
ABN AMRO
LaSalle National Bank
Administrator:
Mary Collier (800) 246-5761
135 S. LaSalle Street Suite 1740
Chicago, IL 60603
Amresco Management, Inc. as Servicer
Commercial Mortgage Pass-Through Certificates
Series 1996-MD VI
ABN AMRO Acct: 67-7657-70-2
Payment Date: 07/15/97
Prior Payment: 35594
Record Date: 07/10/97
WAC: 7.995977%
WAMM: 298
Number Of Pages
Table Of Contents 1
REMIC Certificate Report 5
Other Related Information 5
Asset Backed Facts Sheets 1
Total Pages Included In This Package 12
Specially Serviced Loan Detail Appendix A
Modified Loan Detail Appendix B
Realized Loss Detail Appendix C
Grantor Trust
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
A-1A 94,311,998.00 91,200,055.65
045424CU0 1000.000000000 967.003749088
A-1B 333,473,178.00 333,473,178.00
045424CV8 1000.000000000 1000.000000000
A-1C 171,996,502.00 171,996,502.00
045424CW6 1000.000000000 1000.000000000
CS-1 94,311,998.00 N 91,200,055.65
045424CX4 1000.000000000 967.003749088
CS-2 333,473,178.00 N 333,473,178.00
045424CY2 1000.000000000 1000.000000000
CS-3 431,603,494.00 N 431,603,494.00
045424CZ9 1000.000000000 1000.000000000
A-2 35,807,861.00 35,807,861.00
045424DA3 1000.000000000 1000.000000000
A-3 35,807,861.00 35,807,861.00
045424DB1 1000.000000000 1000.000000000
A-4 44,759,826.00 44,759,826.00
045424DC9 1000.000000000 1000.000000000
A-5 22,379,913.00 22,379,913.00
045424DD7 1000.000000000 1000.000000000
A-6 49,235,809.00 49,235,809.00
045424DE5 1000.000000000 1000.000000000
A-7 71,615,722.00 71,615,722.00
045424DF2 1000.000000000 1000.000000000
B-1 35,806,865.00 35,806,865.00
045424DG0 1000.000000000 1000.000000000
B-1H 1,000.09 1,000.09
045424DL9 1000.000000000 1000.000000000
P-IO 358,748,252.00 N 357,360,444.62
042424DK1 1000.000000000 996.131528524
V-1 0.00 0.00
042424DM7 1000.000000000 0.000000000
V-2 0.00 0.00
042424DN5 1000.000000000 0.000000000
895,196,535.09 892,084,592.74
Notes: (1) N denotes notional balance not included in total
Principal Principal Negative
Class Payment Adj. or Loss Amortization
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1A 579,223.30 0.00 0.00
045424CU0 6.141565361 0.000000000 0.000000000
A-1B 0.00 0.00 0.00
045424CV8 0.000000000 0.000000000 0.000000000
A-1C 0.00 0.00 0.00
045424CW6 0.000000000 0.000000000 0.000000000
CS-1 0.00 0.00 0.00
045424CX4 0.000000000 0.000000000 0.000000000
CS-2 0.00 0.00 0.00
045424CY2 0.000000000 0.000000000 0.000000000
CS-3 0.00 0.00 0.00
045424CZ9 0.000000000 0.000000000 0.000000000
A-2 0.00 0.00 0.00
045424DA3 0.000000000 0.000000000 0.000000000
A-3 0.00 0.00 0.00
045424DB1 0.000000000 0.000000000 0.000000000
A-4 0.00 0.00 0.00
045424DC9 0.000000000 0.000000000 0.000000000
A-5 0.00 0.00 0.00
045424DD7 0.000000000 0.000000000 0.000000000
A-6 0.00 0.00 0.00
045424DE5 0.000000000 0.000000000 0.000000000
A-7 0.00 0.00 0.00
045424DF2 0.000000000 0.000000000 0.000000000
B-1 0.00 0.00 0.00
045424DG0 0.000000000 0.000000000 0.000000000
B-1H 0.00 0.00 0.00
045424DL9 0.000000000 0.000000000 0.000000000
P-IO 0.00 0.00 0.00
042424DK1 0.000000000 0.000000000 0.000000000
V-1 0.00 0.00 0.00
042424DM7 0.000000000 0.000000000 0.000000000
V-2 0.00 0.00 0.00
042424DN5 0.000000000 0.000000000 0.000000000
579,223.30 0.00 0.00
Closing Interest Interest Pass-Through
Class Balance Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Per $1,000 Next Rate (3)
A-1A 90,620,832.35 510,720.31 0.00 6.72000000%
045424CU0 960.862183728 5.415220978 0.000000000 6.72000000%
A-1B 333,473,178.00 1,911,912.89 0.00 6.88000000%
045424CV8 1000.000000000 5.733333342 0.000000000 6.88000000%
A-1C 171,996,502.00 1,009,046.15 0.00 7.04000000%
045424CW6 1000.000000000 5.866666695 0.000000000 7.04000000%
CS-1 90,620,832.35 95,578.89 0.00 1.25761616%
045424CX4 960.862183728 1.013432989 0.000000000 1.25756015%
CS-2 333,473,178.00 305,021.29 0.00 1.09761616%
045424CY2 1000.000000000 0.914680131 0.000000000 1.09756015%
CS-3 431,603,494.00 324,058.68 0.00 0.90098996%
045424CZ9 1000.000000000 0.750824969 0.000000000 0.90098996%
A-2 35,807,861.00 204,033.67 0.00 6.83761616%
045424DA3 1000.000000000 5.698013350 0.000000000 6.83756015%
A-3 35,807,861.00 205,525.67 0.00 6.88761616%
045424DB1 1000.000000000 5.739680178 0.000000000 6.88756015%
A-4 44,759,826.00 258,399.08 0.00 6.92761616%
045424DC9 1000.000000000 5.773013505 0.000000000 6.92756015%
A-5 22,379,913.00 129,759.04 0.00 6.95761616%
045424DD7 1000.000000000 5.798013603 0.000000000 6.95756015%
A-6 49,235,809.00 291,624.36 0.00 7.10761616%
045424DE5 1000.000000000 5.923013472 0.000000000 7.10756015%
A-7 71,615,722.00 446,859.20 0.00 7.48761616%
045424DF2 1000.000000000 6.239680164 0.000000000 7.48756015%
B-1 35,806,865.00 238,044.52 0.00 7.97761616%
045424DG0 1000.000000000 6.648013447 0.000000000 7.97756015%
B-1H 1,000.09 6.63 0.00 7.97761616%
045424DL9 1000.000000000 6.629403354 0.000000000 7.97756015%
P-IO 357,098,064.00 0.00 0.00
042424DK1 995.400150410 0.000000000 0.000000000
V-1 0.00 0.00 0.00
042424DM7 0.000000000 0.000000000 0.000000000
V-2 0.00 0.00 0.00
042424DN5 0.000000000 0.000000000 0.000000000
891,505,369.44 5,930,590.38 0.00
Total P&I Payment 6,509,813.68
(2)Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual (3) Estimated
Upper REMIC
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
A-1A-U 94,311,998.00 91,200,055.65
None 1000.000000000 967.003749088
A-1A-U Strip 94,311,998.00 N 91,200,055.65
None 1000.000000000 967.003749088
A-1B-U 333,473,178.00 333,473,178.00
None 1000.000000000 1000.000000000
A-1B-U Strip 333,473,178.00 N 333,473,178.00
None 1000.000000000 1000.000000000
A-1C-U 171,996,502.00 171,996,502.00
None 1000.000000000 1000.000000000
A-1C-U Strip 171,996,502.00 N 171,996,502.00
None 1000.000000000 1000.000000000
A-2-U 35,807,861.00 35,807,861.00
None 1000.000000000 1000.000000000
A-2-U Strip 35,807,861.00 N 35,807,861.00
None 1000.000000000 1000.000000000
A-3-U 35,807,861.00 35,807,861.00
None 1000.000000000 1000.000000000
A-3-U Strip 35,807,861.00 N 35,807,861.00
None 1000.000000000 1000.000000000
A-4-U 44,759,826.00 44,759,826.00
None 1000.000000000 1000.000000000
A-4-U Strip 44,759,826.00 N 44,759,826.00
None 1000.000000000 1000.000000000
A-5-U 22,379,913.00 22,379,913.00
None 1000.000000000 1000.000000000
A-5-U Strip 22,379,913.00 N 22,379,913.00
None 1000.000000000 1000.000000000
A-6-U 49,235,809.00 49,235,809.00
None 1000.000000000 1000.000000000
A-6-U Strip 49,235,809.00 N 49,235,809.00
None 1000.000000000 1000.000000000
A-7-U 71,615,722.00 71,615,722.00
None 1000.000000000 1000.000000000
A-7-U Strip 71,615,722.00 N 71,615,722.00
None 1000.000000000 1000.000000000
B-1-U 35,806,865.00 35,806,865.00
None 1000.000000000 1000.000000000
B-1H-U 1,000.09 1,000.09
None 1000.000000000 1000.000000000
P-IO-U 358,748,252.00 N 357,360,444.62
None 1000.000000000 996.131528524
R 0.00 0.00
042424DH8 1000.000000000 0.000000000
895,196,535.09 892,084,592.74
Principal Principal Negative
Class Payment Adj. or Loss Amortization
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1A-U 579,223.30 0.00 0.00
None 6.141565361 0.000000000 0.000000000
A-1A-U Strip 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-1B-U 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-1B-U Strip 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-1C-U 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-1C-U Strip 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-2-U 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-2-U Strip 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-3-U 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-3-U Strip 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-4-U 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-4-U Strip 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-5-U 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-5-U Strip 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-6-U 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-6-U Strip 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-7-U 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-7-U Strip 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
B-1-U 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
B-1H-U 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
P-IO-U 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
R 0.00 0.00 0.00
042424DH8 0.000000000 0.000000000 0.000000000
579,223.30 0.00 0.00
Closing Interest Interest Pass-Through
Class Balance Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Per $1,000 Next Rate (3)
A-1A-U 90,620,832.35 510,720.31 0.00 6.72000000%
None 960.862183728 5.415220978 0.000000000 6.72000000%
A-1A-U Strip 90,620,832.35 93,554.30 0.00 1.23097690%
None 960.862183728 0.991966049 0.000000000 1.23092316%
A-1B-U 333,473,178.00 1,911,912.89 0.00 6.88000000%
None 1000.000000000 5.733333342 0.000000000 6.88000000%
A-1B-U Strip 333,473,178.00 297,618.38 0.00 1.07097690%
None 1000.000000000 0.892480714 0.000000000 1.07092316%
A-1C-U 171,996,502.00 1,009,046.15 0.00 7.04000000%
None 1000.000000000 5.866666695 0.000000000 7.04000000%
A-1C-U Strip 171,996,502.00 130,570.70 0.00 0.91097690%
None 1000.000000000 0.759147416 0.000000000 0.91092316%
A-2-U 35,807,861.00 203,238.76 0.00 6.81097690%
None 1000.000000000 5.675814034 0.000000000 6.81092316%
A-2-U Strip 35,807,861.00 34,017.47 0.00 1.14000000%
None 1000.000000000 0.950000057 0.000000000 1.14000000%
A-3-U 35,807,861.00 204,730.76 0.00 6.86097690%
None 1000.000000000 5.717480863 0.000000000 6.86092316%
A-3-U Strip 35,807,861.00 32,525.48 0.00 1.09000000%
None 1000.000000000 0.908333508 0.000000000 1.09000000%
A-4-U 44,759,826.00 257,405.44 0.00 6.90097690%
None 1000.000000000 5.750814134 0.000000000 6.90092316%
A-4-U Strip 44,759,826.00 39,164.84 0.00 1.05000000%
None 1000.000000000 0.874999827 0.000000000 1.05000000%
A-5-U 22,379,913.00 129,262.22 0.00 6.93097690%
None 1000.000000000 5.775814231 0.000000000 6.93092316%
A-5-U Strip 22,379,913.00 19,022.93 0.00 1.02000000%
None 1000.000000000 0.850000176 0.000000000 1.02000000%
A-6-U 49,235,809.00 290,531.36 0.00 7.08097690%
None 1000.000000000 5.900814182 0.000000000 7.08092316%
A-6-U Strip 49,235,809.00 35,695.96 0.00 0.87000000%
None 1000.000000000 0.724999969 0.000000000 0.87000000%
A-7-U 71,615,722.00 445,269.37 0.00 7.46097690%
None 1000.000000000 6.217480709 0.000000000 7.46092316%
A-7-U Strip 71,615,722.00 29,243.08 0.00 0.49000000%
None 1000.000000000 0.408333243 0.000000000 0.49000000%
B-1-U 35,806,865.00 237,249.63 0.00 7.95097690%
None 1000.000000000 6.625814072 0.000000000 7.95092316%
B-1H-U 1,000.09 6.63 0.00 7.95097690%
None 1000.000000000 6.629403354 0.000000000 7.95092316%
P-IO-U 357,098,064.00 0.00 0.00
None 995.400150410 0.000000000 0.000000000
R 0.00 0.00 0.00
042424DH8 0.000000000 0.000000000 0.000000000
891,505,369.44 5,910,786.66 0.00
Lower REMIC
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
A-1A-L 94,311,998.00 91,200,055.65
None 1000.000000000 967.003749088
A-1B-L 333,473,178.00 333,473,178.00
None 1000.000000000 1000.000000000
A-1C-L 171,996,502.00 171,996,502.00
None 1000.000000000 1000.000000000
A-2-L 35,807,861.00 35,807,861.00
None 1000.000000000 1000.000000000
A-3-L 35,807,861.00 35,807,861.00
None 1000.000000000 1000.000000000
A-4-L 44,759,826.00 44,759,826.00
None 1000.000000000 1000.000000000
A-5-L 22,379,913.00 22,379,913.00
None 1000.000000000 1000.000000000
A-6-L 49,235,809.00 49,235,809.00
None 1000.000000000 1000.000000000
A-7-L 71,615,722.00 71,615,722.00
None 1000.000000000 1000.000000000
B-1-L 35,806,865.00 35,806,865.00
None 1000.000000000 1000.000000000
B-1H-L 1,000.09 1,000.09
None 1000.000000000 1000.000000000
LR 0.00 0.00
045424DJ4 1000.000000000 0.000000000
895,196,535.09 892,084,592.74
Principal Principal Negative
Class Payment Adj. or Loss Amortization
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1A-L 579,223.30 0.00 0.00
None 6.141565361 0.000000000 0.000000000
A-1B-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-1C-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-2-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-3-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-4-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-5-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-6-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
A-7-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
B-1-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
B-1H-L 0.00 0.00 0.00
None 0.000000000 0.000000000 0.000000000
LR 0.00 0.00 0.00
045424DJ4 0.000000000 0.000000000 0.000000000
579,223.30 0.00 0.00
Closing Interest Interest Pass-Through
Class Balance Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Per $1,000 Next Rate (3)
A-1A-L 90,620,832.35 604,274.61 0.00 7.95097690%
None 960.862183728 6.407187026 0.000000000 7.95092316%
A-1B-L 333,473,178.00 2,209,531.27 0.00 7.95097690%
None 1000.000000000 6.625814056 0.000000000 7.95092316%
A-1C-L 171,996,502.00 1,139,616.85 0.00 7.95097690%
None 1000.000000000 6.625814111 0.000000000 7.95092316%
A-2-L 35,807,861.00 237,256.23 0.00 7.95097690%
None 1000.000000000 6.625814091 0.000000000 7.95092316%
A-3-L 35,807,861.00 237,256.23 0.00 7.95097690%
None 1000.000000000 6.625814091 0.000000000 7.95092316%
A-4-L 44,759,826.00 296,570.29 0.00 7.95097690%
None 1000.000000000 6.625814184 0.000000000 7.95092316%
A-5-L 22,379,913.00 148,285.14 0.00 7.95097690%
None 1000.000000000 6.625813961 0.000000000 7.95092316%
A-6-L 49,235,809.00 326,227.32 0.00 7.95097690%
None 1000.000000000 6.625814151 0.000000000 7.95092316%
A-7-L 71,615,722.00 474,512.46 0.00 7.95097690%
None 1000.000000000 6.625814091 0.000000000 7.95092316%
B-1-L 35,806,865.00 237,249.63 0.00 7.95097690%
None 1000.000000000 6.625814072 0.000000000 7.95092316%
B-1H-L 1,000.09 6.63 0.00 7.95097690%
None 1000.000000000 6.629403354 0.000000000 7.95092316%
LR 0.00 0.00 0.00
045424DJ4 0.000000000 0.000000000 0.000000000
891,505,369.44 5,910,786.66 0.00
Other Related Information
Total Available Funds 6,509,813.68
Principal Distribution Amount 579,223.30
Interest Distribution Amount 5,930,590.38
P&I Advances
Servicer Trustee Fiscal Agent
Current 0.00 0.00 0.00
Unreimbursed 0.00 0.00 0.00
Totals : 0.00 0.00 0.00
Specially Serviced Loans
Property P&I
Advances Advances
Current 0.00 0.00
Unreimbursed 0.00 0.00
Totals : 0.00 0.00
Servicing Fee 29,736.15
Trustee Fee 3,717.02
Sepecial Servicing Compensation 0.00
Additional Servicing Compensation 0.00
Prepayment Premiums 0.00
Default Interest 0.00
Net Default Interest 0.00
Excess Interest 0.00
Floor Agreement Calculations
Class Beginning Floor Floor
Name Balance Rate Amount
A-1A 91,200,055.65 0.000000% 0.00
CS-1 91,200,055.65 0.026639% 2,024.58
A-1B 333,473,178.00 0.000000% 0.00
CS-2 333,473,178.00 0.026639% 7,402.90
A-1C 171,996,502.00 0.000000% 0.00
A-1C Strip Component 171,996,502.00 0.026639% 3,818.22
A-2 35,807,861.00 0.026639% 794.91
A-2 Strip Component 35,807,861.00 0.000000% 0.00
A-3 35,807,861.00 0.026639% 794.91
A-3 Strip Component 35,807,861.00 0.000000% 0.00
A-4 44,759,826.00 0.026639% 993.64
A-4 Strip Component 44,759,826.00 0.000000% 0.00
A-5 22,379,913.00 0.026639% 496.82
A-5 Strip Component 22,379,913.00 0.000000% 0.00
A-6 49,235,809.00 0.026639% 1,093.00
A-6 Strip Component 49,235,809.00 0.000000% 0.00
A-7 71,615,722.00 0.026639% 1,589.82
A-7 Strip Component 71,615,722.00 0.000000% 0.00
B-1 & B-1H 35,807,865.09 0.026639% 794.91
REO Property Information
Date
Loan
Property Became Principal
Name REO Balance
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
Final
Updated Recovery
Property Appraised Determination
Name Value Date
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
Proceeds Cumulative
Deposited in REO
Property Collection Revenues
Name Account Collected
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
Certificate Interest Allocations
Accrued Interest
Class Interest Distributed
A-1A 510,720.31 510,720.31
A-1B 1,911,912.89 1,911,912.89
A-1C 1,009,046.15 1,009,046.15
CS-1 95,578.89 95,578.89
CS-2 305,021.29 305,021.29
CS-3 324,058.68 324,058.68
A-2 204,033.67 204,033.67
A-3 205,525.67 205,525.67
A-4 258,399.08 258,399.08
A-5 129,759.04 129,759.04
A-6 291,624.36 291,624.36
A-7 446,859.20 446,859.20
B-1 238,044.52 238,044.52
B-1H 6.63 6.63
P-IO 0.00 0.00
V-1 0.00 0.00
V-2 0.00 0.00
Beginning Ending
Unpaid Unpaid
Class Interest Interest
A-1A 0.00 0.00
A-1B 0.00 0.00
A-1C 0.00 0.00
CS-1 0.00 0.00
CS-2 0.00 0.00
CS-3 0.00 0.00
A-2 0.00 0.00
A-3 0.00 0.00
A-4 0.00 0.00
A-5 0.00 0.00
A-6 0.00 0.00
A-7 0.00 0.00
B-1 0.00 0.00
B-1H 0.00 0.00
P-IO 0.00 0.00
V-1 0.00 0.00
V-2 0.00 0.00
Current Realized Losses 0.00
Cumulative Realized Losses 0.00
Prepayment Interest Shortfall 0.00
Servicer Prepayment Interest Shortfall 0.00
Beginning Stated Principal Balance 892,084,592.75
Outstanding Purchased or Repurchased Loans 0.00
Repurchase Price pursuant to 2.03(d) 0.00
Repurchase Price pursuant to 2.03(e) 0.00
Repurchase Price pursuant to 3.18 0.00
Repurchase Price pursuant to 9.01(c) 0.00
Beginning Reserve Account Balance 0.00
Distribution Delinq 1 Month
Date # Balance
7/15/97 0 0
0.00% 0.000%
6/13/97 0 0
0.00% 0.000%
5/14/97 0 0
0.00% 0.000%
4/15/97 0 0
0.00% 0.000%
3/13/97 0 0
0.00% 0.000%
2/13/97 0 0
0.00% 0.000%
1/15/97 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
Distribution Delinq 2 Months
Date # Balance
7/15/97 0 0
0.00% 0.000%
6/13/97 0 0
0.00% 0.000%
5/14/97 0 0
0.00% 0.000%
4/15/97 0 0
0.00% 0.000%
3/13/97 0 0
0.00% 0.000%
2/13/97 0 0
0.00% 0.000%
1/15/97 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
Distribution Delinq 3+ Months
Date # Balance
7/15/97 0 0
0.00% 0.000%
6/13/97 0 0
0.00% 0.000%
5/14/97 0 0
0.00% 0.000%
4/15/97 0 0
0.00% 0.000%
3/13/97 0 0
0.00% 0.000%
2/13/97 0 0
0.00% 0.000%
1/15/97 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
Distribution Foreclosure/Bankruptcy
Date # Balance
7/15/97 0 0
0.00% 0.000%
6/13/97 0 0
0.00% 0.000%
5/14/97 0 0
0.00% 0.000%
4/15/97 0 0
0.00% 0.000%
3/13/97 0 0
0.00% 0.000%
2/13/97 0 0
0.00% 0.000%
1/15/97 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
Distribution REO
Date # Balance
7/15/97 0 0
0.00% 0.000%
6/13/97 0 0
0.00% 0.000%
5/14/97 0 0
0.00% 0.000%
4/15/97 0 0
0.00% 0.000%
3/13/97 0 0
0.00% 0.000%
2/13/97 0 0
0.00% 0.000%
1/15/97 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
Distribution Modifications
Date # Balance
7/15/97 0 0
0.00% 0.000%
6/13/97 0 0
0.00% 0.000%
5/14/97 0 0
0.00% 0.000%
4/15/97 0 0
0.00% 0.000%
3/13/97 0 0
0.00% 0.000%
2/13/97 0 0
0.00% 0.000%
1/15/97 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
Distribution Prepayments
Date # Balance
7/15/97 0 0
0.00% 0.000%
6/13/97 0 0
0.00% 0.000%
5/14/97 0 0
0.00% 0.000%
4/15/97 0 0
0.00% 0.000%
3/13/97 0 0
0.00% 0.000%
2/13/97 0 0
0.00% 0.000%
1/15/97 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
1/0/00 0 0
0.00% 0.000%
Distribution Curr Weighted Avg.
Date Coupon Remit
7/15/97 7.9960% 7.9510%
6/13/97 8.2626% 8.2176%
5/14/97 7.9961% 7.9511%
4/15/97 8.1592% 8.1142%
3/13/97 7.5552% 7.5102%
2/13/97 8.0852% 8.0402%
1/15/97 7.9587% 7.9137%
1/0/00 0.0000% 0.0000%
1/0/00 0.0000% 0.0000%
1/0/00 0.0000% 0.0000%
1/0/00 0.0000% 0.0000%
1/0/00 0.0000% 0.0000%
1/0/00 0.0000% 0.0000%
1/0/00 0.0000% 0.0000%
1/0/00 0.0000% 0.0000%
1/0/00 0.0000% 0.0000%
Specially Serviced Loan Detail
Beginning
Disclosure Scheduled Interest Maturity
Control # Balance Rate Date
Specially
Disclosure Property Serviced
Control # Type Status Code (1) Comments
(1) Legend :
1) Request for waiver of Prepayment Penalty
2) Payment default
3) Request for Loan Modification or Workout
4) Loan with Borrower Bankruptcy
5) Loan in Process of Foreclosure
6) Loan now REO Property
7) Loans Paid Off
8) Loans Returned to Master Servicer
Modified Loan Detail
Disclosure Modification Modification
Control # Date Description
Realized Loss Detail
Dist. Disclosure Appraisal
Date Control # Date
Current Total
Cumulative
* Aggregate liquidation expenses also include outstanding P&I
advances and unpaid servicing fees, unpaid trustee fees, etc..
Disclosure Appraisal Scheduled Gross
Control # Value Balance Proceeds
Gross Proceeds Aggregate Net
Disclosure as a % of Liquidation Liquidation
Control # Sched Principal Expenses * Proceeds
Net Proceeds
Disclosure as a % of Realized
Control # Sched. Balance Loss
