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Previous: SALOMON BRO MORT SEC VII INC AS BK FIX & FL RTE CE SE 1996-8, 8-K, 1997-01-29 |
Next: AFBA FIVE STAR FUNDS INC, N-8A, 1997-01-29 |
<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) January 15, 1997
----------------------------
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-D) 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 33-58128-35 Applied For
- ---------- ----------- -----------
State or other (Commission (IRS Employer
jurisdiction of File Number) ID Number)
incorporation)
2840 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 January 15, 1997 Remittance Date.
Item 7 Financial Statements and Exhibits
---------------------------------
The quarterly financial statement for the period ended September 30, 1996
for MBIA Inc. is incorporated by reference to the Form 10Q filed by MBIA Inc.
with the Securities and Exchange Commission on November 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: January 24, 1997
<PAGE>
Schedule A
List of Originators
-------------------
1996-D
------
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 NOVEMBER 30, 1996,
THE MONEY STORE INC. REPORTS THE FOLLOWING
INFORMATION PERTAINING TO SERIES 1996-D FOR THE
JANUARY 10, 1997 DETERMINATION DATE.
<TABLE>
<CAPTION>
POOL I POOL II POOL III POOL IV
<S> <C> <C> <C> <C>
1. AGGREGATE AMOUNT RECEIVED (5.03 b) $6,041,688.82 $4,500,407.46 $2,921,967.25 $81,872.91
ADJ : RECALCULATION 0.00 0.00 0.00 0.00
-----------------------------------------------------------
6,041,688.82 4,500,407.46 2,921,967.25 81,872.91
LESS: SERVICE FEE (7.03 & 5.04) 58,415.57 48,513.43 25,089.93 1,636.26
CONTINGENCY FEE (7.03 & 5.04) 58,415.57 48,513.43 25,089.93 1,636.26
OTHER SERVICER FEES (Late Charges / Escrow) (7.03 & 5.04) 35,949.68 40,786.87 5,075.51 504.80
UNREIMBURSED MONTHLY ADVANCES (5.04 b) 0.00 0.00 0.00 0.00
-----------------------------------------------------------
152,780.82 137,813.73 55,255.37 3,777.32
PLUS: MONTHLY ADVANCE (6.11) - INCLUDING
COMPENSATING INTEREST (6.12) 596,331.96 405,034.82 138,745.63 14,991.78
PRE-FUNDING ACCOUNT TRANSFER (6.02) 43,666.83 9,721.13 13,184.68 1.81
CAPITALIZED INTEREST ACCOUNT TRANSFER (6.02) 763,046.74 216,179.33 172,671.58 26.63
-----------------------------------------------------------
1,403,045.52 630,935.28 324,601.89 15,020.22
LESS: EXCESS SPREAD (I-19) 1,321,589.97 739,723.82 570,765.57 29,098.08
SUBORDINATION REDUCTION AMOUNT (I-56) 0.00 0.00 0.00 0.00
-----------------------------------------------------------
1,321,589.97 739,723.82 570,765.57 29,098.08
-----------------------------------------------------------
AVAILABLE REMITTANCE AMOUNT 5,970,363.55 4,253,805.19 2,620,548.20 64,017.73
=============== =============== ============= ==========
2. (A) ORIGINAL CLASS A-1 PRINCIPAL BALANCE 66,305,000.00
(B) ORIGINAL CLASS A-2 PRINCIPAL BALANCE 86,383,000.00
(C) ORIGINAL CLASS A-3 PRINCIPAL BALANCE 96,468,000.00
(D) ORIGINAL CLASS A-4 PRINCIPAL BALANCE 53,850,000.00
(E) ORIGINAL CLASS A-5 PRINCIPAL BALANCE 47,916,000.00
(F) ORIGINAL CLASS A-6 PRINCIPAL BALANCE 36,443,000.00
(G) ORIGINAL CLASS A-7 PRINCIPAL BALANCE 44,807,000.00
(H) ORIGINAL CLASS A-8 PRINCIPAL BALANCE 27,828,000.00
(I) ORIGINAL CLASS A-9 PRINCIPAL BALANCE 40,000,000.00
(J) ORIGINAL CLASS A-10 PRINCIPAL BALANCE 350,000,000.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(K) ORIGINAL CLASS A-11 PRINCIPAL BALANCE
77,391,000.00
(L) ORIGINAL CLASS A-12 PRINCIPAL BALANCE
34,590,000.00
(M) ORIGINAL CLASS A-13 PRINCIPAL BALANCE
27,684,000.00
(N) ORIGINAL CLASS A-14 PRINCIPAL BALANCE
15,909,000.00
(O) ORIGINAL CLASS A-15 PRINCIPAL BALANCE
19,426,000.00
(P) ORIGINAL CLASS A-16 PRINCIPAL BALANCE
10,000,000.00
3. PRINCIPAL DISTRIBUTION AMOUNTS :
CLASS A-1 4,487,105.82
CLASS A-2 0.00
CLASS A-3 0.00
CLASS A-4 0.00
CLASS A-5 0.00
CLASS A-6 0.00
CLASS A-7 0.00
CLASS A-8 0.00
CLASS A-9 0.00
TOTAL POOL I PRINCIPAL DISTRIBUTION AMOUNT: 4,487,105.82
CLASS A-10 3,002,658.96
TOTAL POOL II PRINCIPAL DISTRIBUTION AMOUNT: 3,002,658.96
CLASS A-11 2,204,464.13
CLASS A-12 0.00
CLASS A-13 0.00
CLASS A-14 0.00
CLASS A-15 0.00
TOTAL POOL III PRINCIPAL DISTRIBUTION AMOUNT: 2,204,464.13
CLASS A-16 28,866.14
TOTAL POOL IV PRINCIPAL DISTRIBUTION AMOUNT: 28,866.14
4.TOTAL AMOUNT OF POOL I, II , III & IV
INSURED PAYMENTS 0.00
5. (A) SUBORDINATED AMOUNT
POOL I (0.00)
POOL II 0.00
POOL III 14,004,368.00
POOL IV 600,187.20
(B) SPECIFIED SUBORDINATED AMOUNT
POOL I 12,750,000.00
POOL II 11,375,000.00
POOL III 21,000,000.00
POOL IV 2,500,000.00
6. PRINCIPAL PREPAYMENT RECEIVED DURING
THE DUE PERIOD # ACCOUNTS DOLLARS
POOL I 51 2,471,492.94
POOL II 30 2,224,370.94
POOL III 85 1,192,328.34
POOL IV 0 0.00
</TABLE>
<PAGE>
7. AMOUNT OF CURTAILMENTS RECEIVED DURING
THE DUE PERIOD
POOL I 305,175.95
POOL II 161,439.86
POOL III 155,047.42
POOL IV 0.00
8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS
IN RESPECT OF PRINCIPAL RECEIVED DURING
THE DUE PERIOD
POOL I 505,678.10
POOL II 145,061.50
POOL III 336,502.66
POOL IV 3,040.58
9. AMOUNT OF INTEREST RECEIVED
POOL I 2,723,392.15
POOL II 1,928,748.29
POOL III 1,229,682.52
POOL IV 78,327.53
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 596,331.96
POOL II 405,034.82
POOL III 138,745.63
POOL IV 14,991.78
(B) AMOUNT OF COMPENSATING INTEREST
POOL I 0.00
POOL II 0.00
POOL III 0.00
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 345,891.08
(B) PRINCIPAL DISTRIBUTION AMOUNT 4,487,105.82
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-1 REMITTANCE AMOUNT 4,832,996.90
CLASS A-2 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 448,471.74
(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 448,471.74
CLASS A-3 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 506,055.05
(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 506,055.05
<PAGE>
<TABLE>
<S> <C> <C>
CLASS A-4 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 290,116.88
(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 290,116.88
CLASS A-5 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 266,333.10
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-5 REMITTANCE AMOUNT 266,333.10
CLASS A-6 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 207,421.41
(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 207,421.41
CLASS A-7 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 265,481.48
(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 265,481.48
CLASS A-8 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 170,910.30
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-8 REMITTANCE AMOUNT 170,910.30
CLASS A-9 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 233,333.33
(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 233,333.33
POOL I REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 2,734,014.37
(B) PRINCIPAL DISTRIBUTION AMOUNT 4,487,105.82
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL POOL I REMITTANCE AMOUNT 7,221,120.19
CLASS A-10 (POOL II) REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 1,770,376.42
(B) PRINCIPAL DISTRIBUTION AMOUNT 3,002,658.96
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL (POOL II) REMITTANCE AMOUNT 4,773,035.38
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
CLASS A-11 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 382,797.08
(B) PRINCIPAL DISTRIBUTION AMOUNT 2,204,464.13
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-11 REMITTANCE AMOUNT 2,587,261.21
CLASS A-12 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 183,615.25
(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 183,615.25
CLASS A-13 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 153,069.45
(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 153,069.45
CLASS A-14 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 92,603.64
(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 92,603.64
CLASS A-15 REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 117,365.42
(B) PRINCIPAL DISTRIBUTION AMOUNT 0.00
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL CLASS A-15 REMITTANCE AMOUNT 117,365.42
POOL III REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 929,450.84
(B) PRINCIPAL DISTRIBUTION AMOUNT 2,204,464.13
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL POOL III REMITTANCE AMOUNT 3,133,914.97
CLASS A-16 (POOL IV) REMITTANCE AMOUNT:
(A) CURRENT INTEREST REQUIREMENT 59,250.00
(B) PRINCIPAL DISTRIBUTION AMOUNT 28,866.14
(C) CARRY FORWARD AMOUNT 0.00
(D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00
TOTAL POOL IV REMITTANCE AMOUNT 88,116.14
</TABLE>
<PAGE>
<TABLE>
<S> <C>
14.(A) REIMBURSABLE AMOUNTS 0.00
(B) CLASS R REMITTANCE AMOUNT PAYABLE PURSUANT
TO SECTION 6.08(d) (iii) AND (iv)
POOL I 0.00
POOL II (0.00)
POOL III 0.00
POOL IV 0.00
15.(A) CLASS A-1 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 61,817,894.18
(B) CLASS A-2 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 86,383,000.00
(C) CLASS A-3 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 96,468,000.00
(D) CLASS A-4 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 53,850,000.00
(E) CLASS A-5 PRINCIPAL BALANCEAFTER
DISTRIBUTIONS TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 47,916,000.00
(F) CLASS A-6 PRINCIPAL BALANCE AFTER
DISTRIBUTIONS TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 36,443,000.00
(G) CLASS A-7 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTERALLOCATION
OF REALIZED LOSSES 44,807,000.00
(H) CLASS A-8 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 27,828,000.00
(I) CLASS A-9 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 40,000,000.00
(J) CLASS A-10 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 346,997,341.04
(K) CLASS A-11 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 75,186,535.87
(L) CLASS A-12 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 34,590,000.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(M) CLASS A-13 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 27,684,000.00
(N) CLASS A-14 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 15,909,000.00
(O) CLASS A-15 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 19,426,000.00
(P) CLASS A-16 PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 9,971,133.86
(Q) TOTAL POOL I PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 495,512,894.18
(R) TOTAL POOL II PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 346,997,341.04
(S) TOTAL POOL III PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 172,795,535.87
(T) TOTAL POOL IV PRINCIPAL BALANCE AFTER
DISTRIBUTION TO BE MADE ON THE
REMITTANCE DATE AND AFTER ALLOCATION
OF REALIZED LOSSES 9,971,133.86
16. (A) MONTHLY EXCESS SPREAD PERCENTAGE (FOR POOL I, II, III AND IV) 100.00%
(B) EXCESS SPREAD (POOL I) 1,321,589.97
EXCESS SPREAD (POOL II) 739,723.82
EXCESS SPREAD (POOL III) 570,765.57
EXCESS SPREAD (POOL IV) 29,098.08
TOTAL EXCESS SPREAD (POOL I, II, III and IV) 2,661,177.44
(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 268.377
POOL II 357.443
POOL III 210.590
POOL IV 349.345
(B) THE WEIGHTED AVERAGE MORTGAGE
INTEREST RATE
POOL I 11.890%
POOL II 9.901%
POOL III 12.397%
POOL IV 11.815%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
19. (A) SERVICING FEE FOR THE RELATED DUE PERIOD
POOL I 58,415.57
POOL II 48,513.43
POOL III 25,089.93
POOL IV 1,636.26
(B) CONTINGENCY FEE FOR THE RELATED DUE PERIOD
POOL I 58,415.57
POOL II 48,513.43
POOL III 25,089.93
POOL IV 1,636.26
(C) AMOUNT TO BE DEPOSITED TO THE EXPENSE ACCOUNT - TRUSTEE
POOL I 20,833.33
POOL II 14,583.33
POOL III 7,291.67
POOL IV 416.67
(D) AMOUNT TO BE DEPOSITED TO THE INSURANCE ACCOUNT- MBIA
POOL I 50,000.00
POOL II 35,000.00
POOL III 43,750.00
POOL IV 4,583.00
(E) FHA PREMIUM ACCOUNT 6,357.14
20. AMOUNT OF PAYMENTS AND REIMBURSEMENTS TO THE
SERVICERS PURSUANT TO: POOL I POOL II
(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) 116,831.14 97,026.86
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) 50,179.86 3,272.52
21. CLASS A-1 POOL FACTOR (I-5): CUSIP #
CURRENT CLASS A-1 PRINCIPAL BALANCE 61,817,894.18 ************ 0935B BH
ORIGINAL CLASS A-1 PRINCIPAL BALANCE 66,305,000.00
CLASS A-2 POOL FACTOR (I-5):
CURRENT CLASS A-2 PRINCIPAL BALANCE 86,383,000.00 ************ 0935B BJ
ORIGINAL CLASS A-2 PRINCIPAL BALANCE 86,383,000.00
CLASS A-3 POOL FACTOR (I-5):
CURRENT CLASS A-3 PRINCIPAL BALANCE 96,468,000.00 ************ 0935B BK
ORIGINAL CLASS A-3 PRINCIPAL BALANCE 96,468,000.00
CLASS A-4 POOL FACTOR (I-5):
CURRENT CLASS A-4 PRINCIPAL BALANCE 53,850,000.00 ************ 0935B BL
ORIGINAL CLASS A-4 PRINCIPAL BALANCE 53,850,000.00
CLASS A-5 POOL FACTOR (I-5):
CURRENT CLASS A-5 PRINCIPAL BALANCE 47,916,000.00 ************ 0935B BM
ORIGINAL CLASS A-5 PRINCIPAL BALANCE 47,916,000.00
CLASS A-6 POOL FACTOR (I-5):
CURRENT CLASS A-6 PRINCIPAL BALANCE 36,443,000.00 ************ 0935B BN
ORIGINAL CLASS A-6 PRINCIPAL BALANCE 36,443,000.00
CLASS A-7 POOL FACTOR (I-5):
CURRENT CLASS A-7 PRINCIPAL BALANCE 44,807,000.00 ************
ORIGINAL CLASS A-7 PRINCIPAL BALANCE 44,807,000.00
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C> <C>
CLASS A-8 POOL FACTOR: CUSIP #
CURRENT CLASS A-8 PRINCIPAL BALANCE 27,828,000.00 0.12943256
ORIGINAL CLASS A-8 PRINCIPAL BALANCE 215,000,000.00
CLASS A-9 POOL FACTOR (I-5):
CURRENT CLASS A-9 PRINCIPAL BALANCE 40,000,000.00 1.00000000
ORIGINAL CLASS A-9 PRINCIPAL BALANCE 40,000,000.00
POOL I FACTOR:
CURRENT POOL I PRINCIPAL BALANCE 495,512,894.18 0.99102579
ORIGINAL POOL I PRINCIPAL BALANCE 500,000,000.00
CLASS A-10 (POOL II) FACTOR (I-5):
CURRENT CLASS A-10 PRINCIPAL BALANCE 346,997,341.04 0.99142097 60935B BS7
ORIGINAL CLASS A-10 PRINCIPAL BALANCE 350,000,000.00
CLASS A-11 POOL FACTOR (I-5):
CURRENT CLASS A-11 PRINCIPAL BALANCE 75,186,535.87 0.97151524
ORIGINAL CLASS A-11 PRINCIPAL BALANCE 77,391,000.00
CLASS A-12 POOL FACTOR (I-5):
CURRENT CLASS A-12 PRINCIPAL BALANCE 34,590,000.00 1.00000000
ORIGINAL CLASS A-12 PRINCIPAL BALANCE 34,590,000.00
CLASS A-13 POOL FACTOR (I-5):
CURRENT CLASS A-13 PRINCIPAL BALANCE 27,684,000.00 1.00000000
ORIGINAL CLASS A-13 PRINCIPAL BALANCE 27,684,000.00
CLASS A-14 POOL FACTOR (I-5):
CURRENT CLASS A-14 PRINCIPAL BALANCE 15,909,000.00 1.00000000
ORIGINAL CLASS A-14 PRINCIPAL BALANCE 15,909,000.00
CLASS A-15 POOL FACTOR (I-5):
CURRENT CLASS A-15 PRINCIPAL BALANCE 19,426,000.00 1.00935259
ORIGINAL CLASS A-15 PRINCIPAL BALANCE 19,246,000.00
POOL III FACTOR:
CURRENT POOLI III PRINCIPAL BALANCE 172,795,535.87 0.98841972
ORIGINAL POOL III PRINCIPAL BALANCE 174,820,000.00
CLASS A-16 (POOL IV) FACTOR (I-5):
CURRENT CLASS A-16 PRINCIPAL BALANCE 9,971,133.86 0.99711339
ORIGINAL CLASS A-165 PRINCIPAL BALANCE 10,000,000.00
22. (A) WEIGHTED AVERAGE MORTGAGE INTEREST RATE
POOL I 11.890%
POOL II 9.901%
POOL III 12.397%
POOL IV 11.815%
(B) ADJUSTED MORTGAGE INTEREST RATE OF THE MORTGAGE LOANS
POOL I 11.220%
POOL II 9.231%
POOL III 10.547%
POOL IV 10.715%
(C) WEIGHTED AVERAGE CLASS A-1, CLASS A-2, CLASS A-3, CLASS A-4,
CLASS A-5, CLASS A-6, CLASS A-7, CLASS A-8 AND CLASS A-9
ADJUST MORTGAGE LOAN REMITTANCE RATE 6.734%
CLASS A-10 ADJUSTED MORTGAGE LOAN REMITTANCE RATE 6.044%
CLASS A-11, CLASS A-12, CLASS A-13, CLASS A-14 AND CLASS A-15
ADJUSTED MORTGAGE LOAN REMITTANCE RATE 6.646%
CLASS A-16 ADJUSTED MORTGAGE LOAN REMITTANCE RATE 7.710%
----------------------------------------
(D) WEIGHTED AVERAGE MORTGAGE INTEREST RATE FOR 11/30/96 12/31/96
----------------------------------------
POOL I 11.700% 11.890%
POOL II 9.600% 9.901%
POOL III 12.200% 12.397%
POOL IV 11.600% 11.815%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
23. CLASS A-10 REMITTANCE RATE 5.8741%
CLASS A-11REMITTANCE RATE 5.74406%
IF REMITTANCE RATES BASED ON THE NET FUNDS CAP
LIBOR PLUS MARGIN FOR CLASS A-10 N/A
LIBOR PLUS MARGIN FOR CLASS A-11 N/A
24. LIBOR RATE 5.66406%
25. NET FUNDS CAP (RATE)
Pool II NET FUNDS CAP 8.910%
Pool III NET FUNDS CAP 8.910%
26. CLASS A-10 CERTIFICATEHOLDERS' LIBOR INTEREST CARRYOVER 0.00
CLASS A-11 CERTIFICATEHOLDERS' LIBOR INTEREST CARRYOVER 0.00
27. (A) AMOUNT OF DISTRIBUTION ALLOCABLE TO CLASS A-10
LIBOR INTEREST CARRYOVER 0.00
AMOUNT OF DISTRIBUTION ALLOCABLE TO CLASS A-11
LIBOR INTEREST CARRYOVER
(B) CLASS A-10 LIBOR INTEREST CARRYOVER BALANCE 0.00
CLASS A-11 LIBOR INTEREST CARRYOVER BALANCE
28. (A) AMOUNT TO BE DEPOSITED INTO THE FHA PREMIUM ACCOUNT
FOR THE DUE PERIOD 6,357.14
(B) AMOUNT REIMBURURSABLE TO THE SERVICER AND/OR THE
CERTIFICATE INSURER FROM THE FHA ACCOUNT PUSUANT TO
6.06(b)(i) 0.00
29. AMOUNT OF FHA PAYMENTS AND RELATED PAYMENTS
RECEIVED DURING THE MONTH 0.00
30. THE RESERVE AMOUNT FOR THE DUE PERIOD 17,500,000.00
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 14,004,368.00
POOL IV 600,187.20
(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 -DECEMBER 31, 1996
<TABLE>
<CAPTION>
REMIC OUTSTANDING #
SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
<S> <C> <C> <C> <C> <C> <C>
1996-D-I $380,807,886.91 9063 1 TO 29 DAYS 31,338,552.77 698 8.23%
30 TO 59 DAYS 1,788,452.30 31 0.47%
60 TO 89 DAYS 54,400.00 1 0.01%
90 AND OVER 0.00 0 0.00%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $33,181,405.07 730 8.71%
=========================================
</TABLE>
EXHIBIT O (POOL II)
REMIC DELINQUENCIES AS OF -DECEMBER 31, 1996
<TABLE>
<CAPTION>
REMIC OUTSTANDING #
SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
<S> <C> <C> <C> <C> <C> <C>
1996-D-II $321,665,249.49 3940 1 TO 29 DAYS 22,534,375.36 268 7.01%
30 TO 59 DAYS 1,914,216.13 22 0.60%
60 TO 89 DAYS 115,000.00 1 0.04%
90 AND OVER 0.00 0 0.00%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $24,563,591.49 291 7.64%
=========================================
</TABLE>
<PAGE>
EXHIBIT O ( POOL III )
REMIC DELINQUENCIES AS OF -DECEMBER 31, 1996
<TABLE>
<CAPTION>
REMIC OUTSTANDING #
SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
<S> <C> <C> <C> <C> <C> <C>
1996-D-III $138,318,543.69 8373 1 TO 29 DAYS 16,333,648.99 1043 11.81%
30 TO 59 DAYS 1,000,124.82 69 0.72%
60 TO 89 DAYS 260,378.20 16 0.19%
90 AND OVER 0.00 0 0.00%
CLAIMS PENDING 0.00 0 0.00%
FORECLOSURE 0.00 0 0.00%
REO PROPERTY 0.00 0 0.00%
TOTALS $17,594,152.01 1,128 12.72%
=======================================
</TABLE>
EXHIBIT O ( POOL IV )
REMIC DELINQUENCIES AS OF -DECEMBER 31, 1996
<TABLE>
<CAPTION>
REMIC OUTSTANDING #
SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT
<S> <C> <C> <C> <C> <C> <C>
1996-D-IV 9,992,159.67 45 1 TO 29 DAYS 0.00 0 0.00%
30 TO 59 DAYS 0.00 0 0.00%
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 $0.00 0 0.00%
======================================
</TABLE>
<PAGE>
1996-D
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 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) 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
(vi) 37.27 0.00 0.00 0.00 0.00
(vii) 4.60 0.00 0.00 0.00 0.00
(viii) 7.63 0.00 0.00 0.00 0.00
(xiii) (a) 5.22 5.19 5.25 5.39 5.56
(b) 67.67 0.00 0.00 0.00 0.00
(c) 0.00 0.00 0.00 0.00 0.00
(d) 0.00 0.00 0.00 0.00 0.00
(xv) 932.33 1,000.00 1,000.00 1,000.00 1,000.00
(xxxvi) 0.00 0.00 0.00 0.00 0.00
<CAPTION>
POOL II
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 1,000.00 1,000.00 1,000.00
(vi) 0.00 0 0.00 0.00 6.36
(vii) 0.00 0 0.00 0.00 0.46
(viii) 0.00 0 0.00 0.00 0.41
(xiii) (a) 5.69 5.93 6.14 5.83 5.06
(b) 0.00 0 0.00 0.00 8.58
(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 1,000.00 1,000.00 991.42
(xxxvi) 0.00 0 0.00 0.00 0.00
<CAPTION>
POOL III POOL IV
SUBCLAUSE CLASS A-11 CLASS A-12 CLASS A-13 CLASS A-1 CLASS A-15 CLASS A-1
- ------------------------ ------------------------ ------------------------ ----------------- ------------ -------------- ---------
<S> <C> <C> <C> <C> <C> <C>
(ii) 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
(vi) 15.41 0.00 0.00 0.00 0.00 0.00
(vii) 2.00 0.00 0.00 0.00 0.00 0.00
(viii) 4.35 0.00 0.00 0.00 0.00 0.30
(xiii) (a) 4.95 5.31 5.53 5.82 6.04 5.93
(b) 28.48 0.00 0.00 0.00 0.00 2.89
(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) 971.52 1,000.00 1,000.00 1,000.00 1,000.00 997.11
(xxxvi) 0.00 0.00 0.00 0.00 0.00 0.00
</TABLE>
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