|
|
|
|
|
|
|
|
|
|
Previous: BAY VIEW SECURITIZATION CORP, 8-K, 2000-11-08 |
Next: ADVISORS SERIES TRUST, 497, 2000-11-08 |
<PAGE>
Exhibit 99.1
Bay View Securitization Corporation
Bay View 1999-LG-1 Auto Trust
For Remittance Date: September 30, 2000
<TABLE>
<CAPTION>
A. PRINCIPAL BALANCE RECONCILIATION
Number
of
A-1 A-2 A-3 A-4 Total Accounts
----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
(A) Original Principal
Balance 42,750,000.00 97,000,000.00 55,000,000.00 52,023,107.00 246,773,107.00 17,753
----------------------------------------------------------------------------------------
(B) Beginning Period
Principal Balance 0.00 66,568,396.18 55,000,000.00 52,023,107.00 173,591,503.18 14,433
----------------------------------------------------------------------------------------
(C) Collections
(Regular Payments) 0.00 3,263,161.16 0.00 0.00 3,263,161.16 N/A
----------------------------------------------------------------------------------------
(D) Withdrawal from
Payahead (Principal) 0.00 25,867.11 0.00 0.00 25,867.11 N/A
----------------------------------------------------------------------------------------
(E) Collections
(Principal Payoffs) 0.00 3,142,203.38 0.00 0.00 3,142,203.38 305
----------------------------------------------------------------------------------------
(F) Collections
(Principal Recoveries) 0.00 209,755.64 0.00 0.00 209,755.64 N/A
----------------------------------------------------------------------------------------
(G) Charge Offs Amount 0.00 302,106.79 0.00 0.00 302,106.79 35
----------------------------------------------------------------------------------------
(H) Principal Reductions
(Partial Charge-Offs) 0.00 0.00 0.00 0.00 0.00 N/A
----------------------------------------------------------------------------------------
(I) Repurchases 0.00 0.00 0.00 0.00 0.00 0
----------------------------------------------------------------------------------------
(J) Ending Balance 0.00 59,625,302.10 55,000,000.00 52,023,107.00 166,648,409.10 14,093
----------------------------------------------------------------------------------------
Notional Principal Balance:
--------------
(K) Beginning 113,229,723.37
--------------
(L) Ending 106,286,629.29
--------------
------------------------------------------------------------------------------
(M) Certificate Factor 0.000000% 61.469384% 100.000000% 100.000000% 67.531025%
------------------------------------------------------------------------------
<CAPTION>
B. CASH FLOW RECONCILIATION
Total
--------------
<S> <C>
(A) Cash Wired 8,471,551.13
--------------
(B) Interest Wired/Earned 39,053.27
--------------
(C) Withdrawal from Payahead Account 25,867.11
--------------
(D) Advances 4,688.46
--------------
(E) Repurchases 0.00
--------------
(F) Gross Charge-Off Recoveries 35,091.75
--------------
(G) Gross Charge-Off Advances 4,705.29
--------------
(H) Spread Account Withdrawal 0.00
--------------
(I) "A" Surety Bond Draw for "I" Interest 0.00
--------------
(J) "A" Surety Bond Draw for "A-1" Principal or Interest 0.00
--------------
(K) "A" Surety Bond Draw for "A-2" Principal or Interest 0.00
--------------
(L) "A" Surety Bond Draw for "A-3" Principal or Interest 0.00
--------------
(M) "A" Surety Bond Draw for "A-4" Principal or Interest 0.00
--------------
--------------
TOTAL COLLECTIONS 8,580,957.01
--------------
<CAPTION>
C. TRUSTEE DISTRIBUTION
Total
---------------
<S> <C> <C>
(A) Total Cash Flow 8,580,957.01
---------------
(B) Unrecovered Interest Advances 4,705.29
---------------
(C) Servicing Fee (Due and Unpaid) 108,494.69
---------------
(D) Interest to "A-1" Certificate Holders, including Overdue 0.00
---------------
(E) Interest to "A-2" Certificate Holders, including Overdue 381,658.80
---------------
(F) Interest to "A-3" Certificate Holders, including Overdue 316,708.33
---------------
(G) Interest to "A-4" Certificate Holders, including Overdue 306,502.81
---------------
(H) Interest to "I" Certificate Holders, including Overdue 141,537.15
---------------
(I) Principal to "A-1" Certificate Holders, including Overdue 0.00
---------------
(J) Principal to "A-2" Certificate Holders, including Overdue 6,943,094.08
---------------
(K) Principal to "A-3" Certificate Holders, including Overdue 0.00
---------------
(L) Principal to "A-4" Certificate Holders, including Overdue 0.00
---------------
(M) Reinsurance Fee 0.00
---------------
(N) Surety Bond Fee 31,446.64
-------------------------------
(O) First Loss Protection 1,550.33
---------------
(P) Surety Bond Premium 29,896.31
-------------------------------
(Q) Interest Advance Recovery Payments 0.00
---------------
</TABLE>
<PAGE>
Bay View Securitization Corporation
Bay View 1999-LG-1 Auto Trust
For Remittance Date: September 30, 2000
<TABLE>
<S> <C>
-----------------
(R) Unreimbursed Draws on Class "A" Surety Bond for Class "A-1" Interest 0.00
-----------------
(S) Unreimbursed Draws on Class "A" Surety Bond for Class "A-2" Interest 0.00
-----------------
(T) Unreimbursed Draws on Class "A" Surety Bond for Class "A-3" Interest 0.00
-----------------
(U) Unreimbursed Draws on Class "A" Surety Bond for Class "A-4" Interest 0.00
-----------------
(V) Unreimbursed Draws on Class "A" Surety Bond for Class "I" Interest 0.00
-----------------
(W) Deposit to Payahead 0.00
-----------------
(X) Bank Account Interest to Servicer 39,053.27
-----------------
(Y) Excess Yield 307,755.95
-----------------
-----------------
BALANCE 0.00
-----------------
<CAPTION>
D. SPREAD ACCOUNT AND SURETY RECONCILIATION
Spread Account Surety Bond
----------------------------------
<S> <C> <C>
(A) Beginning Balance 4,741,532.73 170,460,038.09
----------------------------------
(B) Additions to Spread Amount 307,755.95 N/A
----------------------------------
(C) Interest Earned 24,511.87 N/A
----------------------------------
(D) Draws 0.00 0.00
----------------------------------
(E) Reimbursement for Prior Draws N/A 0.00
----------------------------------
(F) Distribution of Funds to "IC" Class or Servicer N/A 0.00
----------------------------------
(G) Prior Month Distribution of Funds to "IC" Class 0.00 N/A
----------------------------------
(H) Ending Balance 5,073,800.55 163,161,778.15
----------------------------------
----------------------------------
(I) Required Balance 6,509,681.37 163,161,778.15
----------------------------------
(J) Distribution to "IC" Class 0.00
-----------------
<CAPTION>
E. CURRENT RECEIVABLES DELINQUENCY
# Payment Delinquency Number Balance
--------------------- -------------------------------------
<S> <C> <C>
(A) 31-60 82 764,581.29
-------------------------------------
(B) 61-90 35 419,807.12
-------------------------------------
(C) 91+ 26 286,096.33
-------------------------------------
(D) Total 143 1,470,484.74
-------------------------------------
<CAPTION>
F. EXCESS YIELD
Excess Yield Pool Excess Yield
Month Balance Balance (Annualized %)
----- ------------------------------------------------------
<S> <C> <C> <C>
(A) Current 307,755.95 166,648,409.10 2.2161%
------------------------------------------------------
(B) 1st Previous 276,953.49 173,591,503.18 1.9145%
------------------------------------------------------
(C) 2nd Previous 442,587.59 180,809,395.67 2.9374%
------------------------------------------------------
(D) 3rd Previous 304,109.40 188,441,546.62 1.9366%
------------------------------------------------------
(E) Four-Month Rolling Excess Yield 332,851.61 177,372,713.64 2.2519%
------------------------------------------------------
<CAPTION>
G. DELINQUENCY RATE (30+)
Month Pool
Month Balance Balance %
----- ------------------------------------------------------
<S> <C> <C> <C>
(A) Current 1,470,484.74 166,648,409.10 0.8824%
------------------------------------------------------
(B) 1st Previous 1,771,898.52 173,591,503.18 1.0207%
------------------------------------------------------
(C) 2nd Previous 1,803,320.89 180,809,395.67 0.9974%
------------------------------------------------------
(D) 3rd Previous 1,592,430.17 188,441,546.62 0.8451%
------------------------------------------------------
(E) Four-Month Rolling Average 1,659,533.58 177,372,713.64 0.9356%
------------------------------------------------------
</TABLE>
<PAGE>
Bay View Securitization Corporation
Bay View 1999-LG-1 Auto Trust
For Remittance Date: September 30, 2000
<TABLE>
<CAPTION>
H. NET LOSS RATE
Charge-Off Liquidation Average Defaulted
Month Balance Proceeds Balance (Annualized)
----- ----------------------------------------------------------------------
<S> <C> <C> <C> <C>
(A) Current 511,862.43 244,847.39 170,119,956.14 1.8835%
----------------------------------------------------------------------
(B) 1st Previous 427,083.59 83,691.28 177,200,449.43 2.3254%
----------------------------------------------------------------------
(C) 2nd Previous 436,578.35 195,952.96 184,625,471.15 1.5640%
----------------------------------------------------------------------
(D) Three-Month Rolling Average 458,508.12 174,830.54 177,315,292.24 1.9198%
----------------------------------------------------------------------
<CAPTION>
I. CHARGE-OFF / RECOVERIES
Number Balance
-------------------------------------
<S> <C> <C>
(A) Collection Period Charge-Off Receivables 35 302,106.79
-------------------------------------
(B) Gross Charge-Offs Cumulative Receivables 302 3,040,898.46
-------------------------------------
(C) Collection Period Recoveries on Charge-Offs N/A 35,091.75
-------------------------------------
(D) Recoveries on Charge-Offs To-Date N/A 193,095.04
-------------------------------------
<CAPTION>
J. REPOSSESSIONS
-------------------------------------
<S> <C> <C>
(A) Collection Period Repossessions 25 288,928.14
-------------------------------------
(B) Aggregate Repossessions 296 3,905,747.76
-------------------------------------
(C) Unliquidated Repossessions 35 439,307.12
-------------------------------------
<CAPTION>
K. FORCED PLACE INSURANCE
-------------------------------------
<S> <C> <C>
(A) FPI Charge-Offs 0 0.00
-------------------------------------
(B) FPI Canceled/Waived/Removed/Reversed 0 0.00
-------------------------------------
<CAPTION>
L. PAYAHEAD RECONCILIATION
<S> <C>
--------------------
(A) Beginning Balance 257,954.51
--------------------
(B) Deposit 0.00
--------------------
(C) Withdrawal 25,867.11
--------------------
(D) Ending Balance 232,087.40
--------------------
</TABLE>
Approved By: /s/ Michael J. LaOrange
--------------------------
Michael LaOrange
Vice President, Controller
Bay View Acceptance Corp
<PAGE>
Bay View Securitization Corporation
Bay View 2000 LJ-1 Auto Trust
For Remittance Date: September 30, 2000
<TABLE>
<CAPTION>
A. PRINCIPAL BALANCE RECONCILIATION
Number
of
A-1 A-2 A-3 A-4 Total Accounts
<S> <C> <C> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------
(A) Original Principal
Balance 64,000,000.00 132,000,000.00 80,000,000.00 80,559,839.00 356,559,839.00 20,329
------------------------------------------------------------------------------------------------
(B) Beginning Period
Principal Balance 0.00 124,732,249.09 80,000,000.00 80,559,839.00 285,292,088.09 18,033
------------------------------------------------------------------------------------------------
(C) Collections
(Regular Payments) 0.00 5,155,168.38 0.00 0.00 5,155,168.38 N/A
------------------------------------------------------------------------------------------------
(D) Withdrawal from
Payahead 0.00 0.00 0.00 0.00 0.00 N/A
------------------------------------------------------------------------------------------------
(E) Collections
(Principal Payoffs) 0.00 4,920,127.21 0.00 0.00 4,920,127.21 345
------------------------------------------------------------------------------------------------
(F) Net Liquidation
Proceeds 0.00 83,614.00 0.00 0.00 83,614.00 N/A
------------------------------------------------------------------------------------------------
(G) Charge Off Amount 0.00 230,097.91 0.00 0.00 230,097.91 20
------------------------------------------------------------------------------------------------
(H) Partial Charge-Offs 0.00 0.00 0.00 0.00 0.00 N/A
------------------------------------------------------------------------------------------------
(I) Repurchases 0.00 0.00 0.00 0.00 0.00 0
------------------------------------------------------------------------------------------------
(J) Ending Balance 0.00 114,343,241.59 80,000,000.00 80,559,839.00 274,903,080.59 17,668
------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------
(K) Certificate Factor 0.000000% 86.623668% 100.000000% 100.000000% 77.098722%
--------------------------------------------------------------------------------
<CAPTION>
B. CASH FLOW RECONCILIATION
Totals
<S> <C>
--------------
(A) Cash Wired 12,477,313.98
--------------
(B) Interest Wired 74,973.33
--------------
(C) Withdrawal from Payahead Account 0.00
--------------
(D) Advances 1,244.06
--------------
(E) Repurchases 0.00
--------------
(F) Gross Charge-Off Recoveries 29,159.27
--------------
(G) Gross Charge-Off Advances 1,238.99
--------------
(H) Spread Account Withdrawal 0.00
--------------
(I) "A" Surety Bond Draw for "A-1" Principal or Interest 0.00
--------------
(J) "A" Surety Bond Draw for "A-2" Principal or Interest 0.00
--------------
(K) "A" Surety Bond Draw for "A-3" Principal or Interest 0.00
--------------
(L) "A" Surety Bond Draw for "A-4" Principal or Interest 0.00
--------------
--------------
TOTAL COLLECTIONS 12,583,929.63
--------------
<CAPTION>
C. TRUSTEE DISTRIBUTION
Total
<S> <C>
--------------
(A) Total Cash Flow 12,583,929.63
--------------
(B) Unrecovered Interest Advances 1,238.99
--------------
(C) Servicing Fee (Due and Unpaid) 178,307.56
--------------
(D) Interest to "A-1" Certificate Holders, including Overdue 0.00
--------------
(E) Interest to "A-2" Certificate Holders, including Overdue 783,734.30
--------------
(F) Interest to "A-3" Certificate Holders, including Overdue 509,333.33
--------------
(G) Interest to "A-4" Certificate Holders, including Overdue 512,897.64
--------------
(H) Principal to "A-1" Certificate Holders, including Overdue 0.00
--------------
(I) Principal to "A-2" Certificate Holders, including Overdue 10,389,007.50
--------------
(J) Principal to "A-3" Certificate Holders, including Overdue 0.00
--------------
(K) Principal to "A-4" Certificate Holders, including Overdue 0.00
--------------
(L) Surety Bond Fee 47,548.68
--------------
(M) Interest Advance Recovery Payments 0.00
--------------
(N) Unreimbursed Draws on Class "A" Surety Bond for Class "A-1" Int or Prin 0.00
--------------
(O) Unreimbursed Draws on Class "A" Surety Bond for Class "A-2" Int or Prin 0.00
--------------
(P) Unreimbursed Draws on Class "A" Surety Bond for Class "A-3" Int or Prin 0.00
--------------
(Q) Unreimbursed Draws on Class "A" Surety Bond for Class "A-4" Int or Prin 0.00
--------------
(R) Deposit to Payahead 9,670.71
--------------
(S) Bank Account Interest to Servicer 74,973.33
--------------
(T) Excess Yield 77,217.59
--------------
--------------
BALANCE 0.00
--------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
D. SPREAD ACCOUNT AND SURETY RECONCILIATION
Spread Account Surety Bond
<S> <C> <C>
-----------------------------
(A) Beginning Balance 4,594,934.22 17,362,394.00
-----------------------------
(B) Additions to Spread Amount 77,217.59 N/A
-----------------------------
(C) Interest Earned 23,439.86 0.00
-----------------------------
(D) Draws 0.00 0.00
-----------------------------
(E) Reimbursement for Prior Draws N/A 0.00
-----------------------------
(F) Distribution of Funds to Servicer N/A 0.00
-----------------------------
(G) Prior Month Distribution of Funds to "IC" Certificate Holder 137,936.23 N/A
-----------------------------
(H) Ending Balance 4,557,655.44 17,362,394.00
-----------------------------
-----------------------------
(I) Required Balance 4,456,997.99 17,362,394.00
-----------------------------
(J) Current Month Distribution of Funds to "IC" Certificate Holder 100,657.45
--------------
<CAPTION>
E. CURRENT RECEIVABLES DELINQUENCY
# Payment Delinquency Number Balance
--------------------- ---------------------------------------
<S> <C> <C>
(A) 30-59 49 664,098.11
---------------------------------------
(B) 60-89 18 352,873.89
---------------------------------------
(C) 90+ 14 197,676.36
---------------------------------------
(D) Total 81 1,214,648.36
---------------------------------------
<CAPTION>
F. EXCESS YIELD
Excess Yield Pool Excess Yield
Month Balance Balance (Annualized %)
----- -------------------------------------------------------
<S> <C> <C> <C>
(A) Current 77,217.59 274,903,080.59 0.3371%
------------------------------------------------------
(B) 1st Previous 195,812.88 285,292,088.09 0.8236%
------------------------------------------------------
(C) 2nd Previous 183,767.76 295,472,731.75 0.7463%
------------------------------------------------------
(D) 3rd Previous 314,261.46 307,011,282.32 1.2283%
------------------------------------------------------
(E) Four-Month Rolling Excess Yield 192,764.92 290,669,795.69 0.7958%
------------------------------------------------------
<CAPTION>
G. DELINQUENCY RATE (30+)
Month Pool
Month Balance Balance %
-----
<S> <C> <C> <C>
----------------------------------------------------
(A) Current 1,214,648.36 274,903,080.59 0.4418%
----------------------------------------------------
(B) 1st Previous 1,369,019.46 285,292,088.09 0.4799%
----------------------------------------------------
(C) 2nd Previous 1,151,678.54 295,472,731.75 0.3898%
----------------------------------------------------
(D) 3rd Previous 1,444,918.97 307,011,282.32 0.4706%
----------------------------------------------------
(E) Four-Month Rolling Average 1,295,066.33 290,669,795.69 0.4455%
----------------------------------------------------
<CAPTION>
H. NET LOSS RATE
Charge-Off Liquidation Average Defaulted
Month Balance Proceeds Balance (Annualized)
-----
<S> <C> <C> <C> <C>
------------------------------------------------------------------
(A) Current 313,711.91 112,773.27 280,097.584.34 0.8609%
------------------------------------------------------------------
(B) 1st Previous 187,994.53 49,170.95 290,382,409.92 0.5737%
------------------------------------------------------------------
(C) 2nd Previous 394,349.97 168,164.97 301,242,007.04 0.9010%
------------------------------------------------------------------
(D) Three-Month Rolling Average 298,685.47 110,036.40 290,574,000.43 0.7791%
------------------------------------------------------------------
<CAPTION>
I. CHARGE-OFF / RECOVERIES
Number Balance
<S> <C> <C>
-----------------------------
(A) Collection Period Charge-Off Receivables 20 230,097.91
-----------------------------
(B) Gross Charge-Offs Cumulative Receivables 101 1,231,148.31
-----------------------------
(C) Collection Period Recoveries on Charge-Offs NA 29,159.27
-----------------------------
(D) Recoveries on Charge-Offs To-Date NA 86,747.87
-----------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
J. REPOSSESSIONS
<S> <C> <C>
---------------------------------
(A) Collection Period Repossessions 19 386,854.30
---------------------------------
(B) Aggregate Repossessions 103 1,846,033.90
---------------------------------
(C) Unliquidated Repossessions 26 535,519.29
---------------------------------
<CAPTION>
K. FORCED PLACE INSURANCE
<S> <C> <C>
---------------------------------
(A) FPI Charge-Offs 0 0.00
---------------------------------
(B) FPI Canceled/Waived/Removed/Reversed 0 0.00
---------------------------------
<CAPTION>
L. PAYAHEAD RECONCILIATION
<S> <C>
----------------
(A) Beginning Balance 209,844.52
----------------
(B) Deposit 9,670.71
----------------
(C) Withdrawal 0.00
----------------
(D) Ending Balance 219,515.23
----------------
</TABLE>
Approved By: /s/ Michael J. LaOrange
--------------------------
Michael LaOrange
Vice President, Controller
Bay View Acceptance Corp
|
|