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: February 13, 1998
(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 Services L.P., 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 February 13, 1998
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
12.1 99 Monthly distribution report pursuant to
Section 4.2 of the Pooling and Servicing
Agreement for the distribution on
February 13, 1998
<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 MORTGAGE CAPITAL, INC.
AS GENERAL PARTNER OF AMRESCO
SERVICES L.P., 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: February 19, 1998
<PAGE>
EXHIBIT INDEX
Item 601(a) of
Regulation S-K
Exhibit No. Exhibit No. Description
12.1 99 Monthly distribution report pursuant to
Section 4.2 of the Pooling and Servicing
Agreement for the distribution on
February 13, 1998
ABN AMRO
LaSalle National Bank
Administrator:
Juliana Man (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:
02/13/98
Prior Payment:
35809
Record Date:
02/10/98
WAC:
8.142068%
WAMM:
291
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
86,437,053.58
045424CU0
1000.000000000
916.501138911
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
86,437,053.58
045424CX4
1000.000000000
916.501138911
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
355,801,571.89
042424DK1
1000.000000000
991.786217512
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
887,321,590.67
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
848,798.48
0.00
0.00
045424CU0
8.999899249
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
848,798.48
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
85,588,255.10
484,047.50
0.00
6.72000000%
045424CU0
907.501239662
5.132406377
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
85,588,255.10
102,804.45
0.00
1.42722750%
045424CX4
907.501239662
1.090046359
0.000000000
1.25676910%
CS-2
333,473,178.00
352,155.32
0.00
1.26722750%
045424CY2
1000.000000000
1.056022922
0.000000000
1.09676910%
CS-3
431,603,494.00
348,369.15
0.00
0.96858107%
045424CZ9
1000.000000000
0.807150903
0.000000000
0.96858107%
A-2
35,807,861.00
209,094.86
0.00
7.00722750%
045424DA3
1000.000000000
5.839356336
0.000000000
6.83676910%
A-3
35,807,861.00
210,586.85
0.00
7.05722750%
045424DB1
1000.000000000
5.881022885
0.000000000
6.88676910%
A-4
44,759,826.00
264,725.56
0.00
7.09722750%
045424DC9
1000.000000000
5.914356325
0.000000000
6.92676910%
A-5
22,379,913.00
132,922.28
0.00
7.12722750%
045424DD7
1000.000000000
5.939356422
0.000000000
6.95676910%
A-6
49,235,809.00
298,583.49
0.00
7.27722750%
045424DE5
1000.000000000
6.064356331
0.000000000
7.10676910%
A-7
71,615,722.00
456,981.56
0.00
7.65722750%
045424DF2
1000.000000000
6.381022871
0.000000000
7.48676910%
B-1
35,806,865.00
243,105.56
0.00
8.14722750%
045424DG0
1000.000000000
6.789356175
0.000000000
7.97676910%
B-1H
1,000.09
6.77
0.00
8.14722750%
045424DL9
1000.000000000
6.769390755
0.000000000
7.97676910%
P-IO
355,605,994.42
0.00
0.00
042424DK1
991.241051176
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
886,472,792.19
6,024,342.39
0.00
Total P&I Payment
6,873,140.87
(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
86,437,053.58
None
1000.000000000
916.501138911
A-1A-U Strip
94,311,998.00
N
86,437,053.58
None
1000.000000000
916.501138911
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
355,801,571.89
None
1000.000000000
991.786217512
R
0.00
0.00
042424DH8
1000.000000000
0.000000000
895,196,535.09
887,321,590.67
Principal
Principal
Negative
Class
Payment
Adj. or Loss
Amortization
CUSIP
Per $1,000
Per $1,000
Per $1,000
A-1A-U
848,798.48
0.00
0.00
None
8.999899249
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
848,798.48
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
85,588,255.10
484,047.50
0.00
6.72000000%
None
907.501239662
5.132406377
0.000000000
6.72000000%
A-1A-U Strip
85,588,255.10
99,191.45
0.00
1.37706844%
None
907.501239662
1.051737341
0.000000000
1.20658961%
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
338,216.40
0.00
1.21706844%
None
1000.000000000
1.014223699
0.000000000
1.04658961%
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
151,510.06
0.00
1.05706844%
None
1000.000000000
0.880890357
0.000000000
0.88658961%
A-2-U
35,807,861.00
207,598.12
0.00
6.95706844%
None
1000.000000000
5.797557134
0.000000000
6.78658961%
A-2-U Strip
35,807,861.00
34,017.46
0.00
1.14000000%
None
1000.000000000
0.949999778
0.000000000
1.14000000%
A-3-U
35,807,861.00
209,090.11
0.00
7.00706844%
None
1000.000000000
5.839223683
0.000000000
6.83658961%
A-3-U Strip
35,807,861.00
32,525.47
0.00
1.09000000%
None
1000.000000000
0.908333229
0.000000000
1.09000000%
A-4-U
44,759,826.00
262,854.63
0.00
7.04706844%
None
1000.000000000
5.872557011
0.000000000
6.87658961%
A-4-U Strip
44,759,826.00
39,164.85
0.00
1.05000000%
None
1000.000000000
0.875000050
0.000000000
1.05000000%
A-5-U
22,379,913.00
131,986.81
0.00
7.07706844%
None
1000.000000000
5.897556885
0.000000000
6.90658961%
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
296,525.47
0.00
7.22706844%
None
1000.000000000
6.022557078
0.000000000
7.05658961%
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
453,988.08
0.00
7.60706844%
None
1000.000000000
6.339223669
0.000000000
7.43658961%
A-7-U Strip
71,615,722.00
29,243.09
0.00
0.49000000%
None
1000.000000000
0.408333382
0.000000000
0.49000000%
B-1-U
35,806,865.00
241,608.86
0.00
8.09706844%
None
1000.000000000
6.747556928
0.000000000
7.92658961%
B-1H-U
1,000.09
6.75
0.00
8.09706844%
None
1000.000000000
6.749392555
0.000000000
7.92658961%
P-IO-U
355,605,994.42
0.00
0.00
None
991.241051176
0.000000000
0.000000000
R
0.00
0.00
0.00
042424DH8
0.000000000
0.000000000
0.000000000
886,472,792.19
5,987,253.04
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
86,437,053.58
None
1000.000000000
916.501138911
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
887,321,590.67
Principal
Principal
Negative
Class
Payment
Adj. or Loss
Amortization
CUSIP
Per $1,000
Per $1,000
Per $1,000
A-1A-L
848,798.48
0.00
0.00
None
8.999899249
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
848,798.48
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
85,588,255.10
583,238.95
0.00
8.09706844%
None
907.501239662
6.184143718
0.000000000
7.92658961%
A-1B-L
333,473,178.00
2,250,129.29
0.00
8.09706844%
None
1000.000000000
6.747557040
0.000000000
7.92658961%
A-1C-L
171,996,502.00
1,160,556.21
0.00
8.09706844%
None
1000.000000000
6.747557052
0.000000000
7.92658961%
A-2-L
35,807,861.00
241,615.58
0.00
8.09706844%
None
1000.000000000
6.747556912
0.000000000
7.92658961%
A-3-L
35,807,861.00
241,615.58
0.00
8.09706844%
None
1000.000000000
6.747556912
0.000000000
7.92658961%
A-4-L
44,759,826.00
302,019.48
0.00
8.09706844%
None
1000.000000000
6.747557062
0.000000000
7.92658961%
A-5-L
22,379,913.00
151,009.74
0.00
8.09706844%
None
1000.000000000
6.747557062
0.000000000
7.92658961%
A-6-L
49,235,809.00
332,221.43
0.00
8.09706844%
None
1000.000000000
6.747557047
0.000000000
7.92658961%
A-7-L
71,615,722.00
483,231.17
0.00
8.09706844%
None
1000.000000000
6.747557052
0.000000000
7.92658961%
B-1-L
35,806,865.00
241,608.86
0.00
8.09706844%
None
1000.000000000
6.747556928
0.000000000
7.92658961%
B-1H-L
1,000.09
6.75
0.00
8.09706844%
None
1000.000000000
6.749392555
0.000000000
7.92658961%
LR
0.00
0.00
0.00
045424DJ4
0.000000000
0.000000000
0.000000000
886,472,792.19
5,987,253.04
0.00
Other Related Information
Total Available Funds
6,873,140.87
Principal Distribution Amount
848,798.48
Interest Distribution Amount
6,024,342.39
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
29,577.39
Trustee Fee
3,697.17
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
86,437,053.58
0.000000%
0.00
CS-1
86,437,053.58
0.050159%
3,613.00
A-1B
333,473,178.00
0.000000%
0.00
CS-2
333,473,178.00
0.050159%
13,938.92
A-1C
171,996,502.00
0.000000%
0.00
A-1C Strip Component
171,996,502.00
0.050159%
7,189.32
A-2
35,807,861.00
0.050159%
1,496.74
A-2 Strip Component
35,807,861.00
0.000000%
0.00
A-3
35,807,861.00
0.050159%
1,496.74
A-3 Strip Component
35,807,861.00
0.000000%
0.00
A-4
44,759,826.00
0.050159%
1,870.93
A-4 Strip Component
44,759,826.00
0.000000%
0.00
A-5
22,379,913.00
0.050159%
935.46
A-5 Strip Component
22,379,913.00
0.000000%
0.00
A-6
49,235,809.00
0.050159%
2,058.02
A-6 Strip Component
49,235,809.00
0.000000%
0.00
A-7
71,615,722.00
0.050159%
2,993.48
A-7 Strip Component
71,615,722.00
0.000000%
0.00
B-1 & B-1H
35,807,865.09
0.050159%
1,496.74
Totals :
################
0.000000%
37,089.35
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
484,047.50
484,047.50
A-1B
1,911,912.89
1,911,912.89
A-1C
1,009,046.15
1,009,046.15
CS-1
102,804.45
102,804.45
CS-2
352,155.32
352,155.32
CS-3
348,369.15
348,369.15
A-2
209,094.86
209,094.86
A-3
210,586.85
210,586.85
A-4
264,725.56
264,725.56
A-5
132,922.28
132,922.28
A-6
298,583.49
298,583.49
A-7
456,981.56
456,981.56
B-1
243,105.56
243,105.56
B-1H
6.77
6.77
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
887,321,590.68
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
2/13/98
0
0
0.00%
0.000%
1/14/98
0
0
0.00%
0.000%
12/15/97
0
0
0.00%
0.000%
11/14/97
0
0
0.00%
0.000%
10/16/97
0
0
0.00%
0.000%
9/15/97
0
0
0.00%
0.000%
8/13/97
0
0
0.00%
0.000%
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%
Distribution
Delinq 2 Months
Date
#
Balance
2/13/98
0
0
0.00%
0.000%
1/14/98
0
0
0.00%
0.000%
12/15/97
0
0
0.00%
0.000%
11/14/97
0
0
0.00%
0.000%
10/16/97
0
0
0.00%
0.000%
9/15/97
0
0
0.00%
0.000%
8/13/97
0
0
0.00%
0.000%
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%
Distribution
Delinq 3+ Months
Date
#
Balance
2/13/98
0
0
0.00%
0.000%
1/14/98
0
0
0.00%
0.000%
12/15/97
0
0
0.00%
0.000%
11/14/97
0
0
0.00%
0.000%
10/16/97
0
0
0.00%
0.000%
9/15/97
0
0
0.00%
0.000%
8/13/97
0
0
0.00%
0.000%
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%
Distribution
Foreclosure/Bankruptcy
Date
#
Balance
2/13/98
0
0
0.00%
0.000%
1/14/98
0
0
0.00%
0.000%
12/15/97
0
0
0.00%
0.000%
11/14/97
0
0
0.00%
0.000%
10/16/97
0
0
0.00%
0.000%
9/15/97
0
0
0.00%
0.000%
8/13/97
0
0
0.00%
0.000%
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%
Distribution
REO
Date
#
Balance
2/13/98
0
0
0.00%
0.000%
1/14/98
0
0
0.00%
0.000%
12/15/97
0
0
0.00%
0.000%
11/14/97
0
0
0.00%
0.000%
10/16/97
0
0
0.00%
0.000%
9/15/97
0
0
0.00%
0.000%
8/13/97
0
0
0.00%
0.000%
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%
Distribution
Modifications
Date
#
Balance
2/13/98
0
0
0.00%
0.000%
1/14/98
0
0
0.00%
0.000%
12/15/97
0
0
0.00%
0.000%
11/14/97
0
0
0.00%
0.000%
10/16/97
0
0
0.00%
0.000%
9/15/97
0
0
0.00%
0.000%
8/13/97
0
0
0.00%
0.000%
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%
Distribution
Prepayments
Date
#
Balance
2/13/98
0
0
0.00%
0.000%
1/14/98
0
0
0.00%
0.000%
12/15/97
0
0
0.00%
0.000%
11/14/97
0
0
0.00%
0.000%
10/16/97
0
0
0.00%
0.000%
9/15/97
0
0
0.00%
0.000%
8/13/97
0
0
0.00%
0.000%
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%
Distribution
Curr Weighted Avg.
Date
Coupon
Remit
2/13/98
8.1421%
8.0971%
1/14/98
8.2910%
8.2460%
12/15/97
7.9831%
7.9381%
11/14/97
8.2364%
8.1914%
10/16/97
7.9833%
7.9383%
9/15/97
8.2414%
8.1964%
8/13/97
8.2625%
8.2175%
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%
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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Current Total
0
Cumulative
0
* 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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Gross Proceeds
Aggregate
Net
Disclosure
as a % of
Liquidation
Liquidation
Control #
Sched Principal
Expenses *
Proceeds
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Proceeds
Disclosure
as a % of
Realized
Control #
Sched. Balance
Loss
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
