______________________________________________________________________
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 (Date of earliest Event
Reported) March 27, 1997
FINANCIAL ASSET SECURITIES CORP., as depositor under a
certain Pooling and Servicing Agreement, dated as of
March 14, 1997, providing for the issuance of Cityscape
Home Equity Loan Trust 1997-1, Home Equity Loan Pass-
Through Certificates, Series 1996-1.
FINANCIAL ASSET SECURITIES CORP.
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 333-21071 06-1442101
- ---------------------------- ------------- ------------------
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
600 Steamboat Road
Greenwich, Connecticut 06830
- ---------------------- ----------
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (203) 625-2700
----- --------
_____________________________________________________________________
Item 5. Other Events.
- ------ ------------
Pursuant to the Pooling and Servicing Agreement, the Series 1996-1
Trustee distributed statements, which are annexed hereto as Exhibit 1, to the
Series 1996-1 Certificateholders for the Distribution Dates in 1996.
Item 7. Financial Statements, Pro Forma Financial
- ---- -----------------------------------------
Information and Exhibits.
------------------------
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
1. Statements to Certificateholders for Series 1996-1.
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 hereunto duly authorized.
FINANCIAL ASSET SECURITIES CORP.
By: /s/Peter McMullin
-------------------------------
Peter McMullin
Vice President
Dated: March 27, 1997
Exhibit Index
-------------
Exhibit Page
- ------- ----
1. Statement to Certificateholders for Series 1996-1 6
EXHIBIT 1
CITYSCAPE
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES
SERIES 1996-1
DISTRIBUTION PERIOD: 25-DEC-96
<TABLE>
<CAPTION> ORIGINAL BEGINNING Ending
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL Certificate
CUSIP CLASS FACE VALUE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION Balance
<S> <C> <C> <C> <C> <C> <C> <C>
178779AG9 A-1 51,079,000.00 36,492,617.88 1,251,797.19 196,147.82 1,447,945.01 35,240,820.69
178779AH7 A-2 25,993,000.00 25,993,000.00 0.00 146,210.63 146,210.63 25,993,000.00
178779AJ3 A-3 19,105,000.00 19,105,000.00 0.00 112,241.87 112,241.87 19,105,000.00
178779AK0 A-4 13,550,985.35 13,550,985.35 0.00 87,516.78 87,516.78 13,550,985.35
R 0.00 0.00 0.00 0.00 0.00 0.00
Total 109,727,985.35 95,141,603.23 1,251,797.19 542,117.10 1,793,914.29 93,889,806.04
</TABLE>
<TABLE>
<CAPTION>
Principal Interest Total Ending Original
Distribution Distribution Distribution Certificate Pass Current Pass
CUSIP Class Balance Class Through Rate Through Rate
<S> <C> <C> <C> <C> <C> <C> <C> <C>
178779AG9 A-1 24.50708099 3.84008732 28.34716831 689.92777247 A-1 6.45000% 6.45000%
178779AH7 A-2 0.00000000 5.62500019 5.62500019 1,000.00000000 A-2 6.75000% 6.75000%
178779AJ3 A-3 0.00000000 5.87499974 5.87499974 1,000.00000000 A-3 7.05000% 7.05000%
178779AK0 A-4 0.00000000 6.45833330 6.45833330 1,000.00000000 A-4 7.75000% 7.75000%
Total 11.40818530 4.94055457 16.34873988 855.65961810
</TABLE>
PLEASE DIRECT ANY QUESTIONS OR COMMENTS TO THE FOLLOWING ADMINISTRATOR:
MARIAN ONISCHAK
HARRIS TRUST AND SAVINGS BANK
311 WEST MONROE - 12 FLOOR
CHICAGO, IL 60690
DISTRIBUTION LIST: CERTIFICATE INSURER, ORIGINATOR, MANAGEMENT AGENTS,
SERVICER AND EACH _________________.
<TABLE>
<CAPTION>
SEC 4.05(b) O/C
Total Principal Scheduled Increase/
Distribution Principal Prepayments Liquidations (Reduction) Total
<S> <C> <C> <C> <C> <C>
Class A-1 72,582.38 830,908.95 0.00 348,305.86 1,251,797.19
Per $1000 Unit 1.42098279 16.26713424 0.00000000 6.81896396 24.50708099
Class A-2 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.000000 0.00 0.00000000 0.00 0.00
Class A-3 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Class A-4 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00 0.00 0.00000000 0.00 0.00
Class A Certs 72,582.300 830,908.95 0.00 348,305.86 1,251,797.19
Per $1000 Unit 0.66147555 7.57244332 0.00000000 3.17426643 11.40818530
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
SEC 4.05(d) Insured Payment 0.00
Class A-1 Allocation 0.00
Class A-2 Allocation 0.00
Class A-3 Allocation 0.00
Class A-4 Allocation 0.00
SEC 4.05(f) Overcollateralization Reduction Amount 0.00
SEC 4.05(g) Overcollateralization Deficit 0.00
SEC 4.05(h) Specified Overcollateralization Deficiency Amount
$2,162,075.44
SEC 4.05(i) Current Period Realized Losses 0.00
SEC 4.05(j) Overcollateralized Amount 3,123,989.76
SEC 4.05(l) Substitution Shortfall Amounts 0.00
Loan Purchase Prices 0.00
SEC 4.05(m) Ending Weighted Average Mortgage Rate 11.6771660%
SEC 4.05(n) Weighted Average Remaining Term (months) 193.3
SEC 4.05(o) Number of Loans Outstanding 1450
Count Balance
----- -------
SEC 4.05(p) Cumulative Liquidations 0 0.00
SEC 4.05(q) Cumulative Realized Losses 0.00
Cumulative Realized Losses as % of Maximum 0.000000%
Collateral Amount
SEC 4.05(r) Sum of Three Largest Loan Balances Outstanding 1,324,559.41
SEC 4.05(s) Monthly Excess Spread 348,305.86
SEC 4.05(t) Outstanding Aggregate Loan Balance (end of Due 97,013,795.80
Period)
SEC 4.05(v) & (w) Reflected on separate reports, if applicable.
SEC 4.05(x) Reimbursement Amount 0.00
</TABLE>
CITYSCAPE
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES
SERIES 1996-1
DISTRIBUTION PERIOD: 25-NOV-96
<TABLE>
<CAPTION>
ORIGINAL BEGINNING Ending
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL Certificate
CUSIP CLASS FACE VALUE BALANCE DISTRIBUTION DISTRIBUTIONDISTRIBUTION Balance
<S> <C> <C> <C> <C> <C> <C> <C>
178779AG9 A-1 51,079,000.00 38,782,751.31 2,290,133.43 208,457.29 2,498,590.72 36,392,617.88
178779AH7 A-2 25,993,000.00 25,993,000.00 0.00 146,210.63 146,210.63 25,993,000.00
178779AJ3 A-3 19,105,000.00 19,105,000.00 0.00 112,241.87 112,241.87 19,105,000.00
178779AK0 A-4 13,550,985.35 13,550,985.35 0.00 87,516.78 87,516.78 13,550,985.35
R 0.00 0.00 0.00 0.00 0.00 0.00
Total 109,727,985.35 97,431,736.66 2,290,133.43 554,426.57 2,844,560.00 95,141,603.23
</TABLE>
<TABLE>
<CAPTION>
Principal Interest Total Ending Original
Distribution Distribution Distribution Certificate Pass Current Pass
CUSIP Class Balance Class Through Rate Through Rate
<S> <C> <C> <C> <C> <C> <C> <C> <C>
178779AG9 A-1 44.83512657 4.08107618 48.91620274 714.43485346 A-1 6.45000% 6.45000%
178779AH7 A-2 0.00000000 5.62500019 5.62500019 1,000.00000000 A-2 6.75000% 6.75000%
178779AJ3 A-3 0.00000000 5.87499974 5.87499974 1,000.00000000 A-3 7.05000% 7.05000%
178779AK0 A-4 0.00000000 6.45833330 6.45833330 1,000.00000000 A-4 7.75000% 7.75000%
Total 20.87100590 5.05273626 25.92374216 867.06780341
</TABLE>
PLEASE DIRECT ANY QUESTIONS OR COMMENTS TO THE FOLLOWING ADMINISTRATOR:
MARIAN ONISCHAK
HARRIS TRUST AND SAVINGS BANK
311 WEST MONROE - 12 FLOOR
CHICAGO, IL 60690
DISTRIBUTION LIST: CERTIFICATE INSURER, ORIGINATOR, MANAGEMENT AGENTS,
SERVICER AND EACH _________________.
CITYSCAPE
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES
SERIES 1996-1
<TABLE>
<CAPTION>
SEC 4.05(b) O/C
Total Principal Scheduled Increase/
Distribution Principal Prepayments Liquidations (Reduction) Total
<S> <C> <C> <C> <C> <C>
Class A-1 74,475.66 1,861,554.30 0.00 354,103.47 2,290,133.43
Per $1000 Unit 1.45804851 36.44461129 0.00000000 6.93246677 44.83512657
Class A-2 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.000000 0.00 0.00000000 0.00 0.00
Class A-3 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Class A-4 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00 0.00 0.00000000 0.00 0.00
Class A Certs 74,475.66 1,861,554.30 0.00 354,103.47 2,290,133.43
Per $1000 Unit 0.67862986 16.96417342 0.00000000 3.22710263 20.87100590
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
SEC 4.05(d) Insured Payment 0.00
Class A-1 Allocation 0.00
Class A-2 Allocation 0.00
Class A-3 Allocation 0.00
Class A-4 Allocation 0.00
SEC 4.05(f) Overcollateralization Reduction Amount 0.00
SEC 4.05(g) Overcollateralization Deficit 0.00
SEC 4.05(h) Specified Overcollateralization Deficiency Amount
$2,516,178.91
SEC 4.05(i) Current Period Realized Losses 0.00
SEC 4.05(j) Overcollateralized Amount 3,123,989.76
SEC 4.05(l) Substitution Shortfall Amounts 0.00
Loan Purchase Prices 0.00
SEC 4.05(m) Ending Weighted Average Mortgage Rate 11.680579%
SEC 4.05(n) Weighted Average Remaining Term (months) 194.2
SEC 4.05(o) Number of Loans Outstanding 1468
Count Balance
SEC 4.05(p) Cumulative Liquidations 0 0.00
SEC 4.05(q) Cumulative Realized Losses 0.00
Cumulative Realized Losses as % of Maximum 0.000000%
Collateral Amount
SEC 4.05(r) Sum of Three Largest Loan Balances Outstanding 1,324,975.73
SEC 4.05(s) Monthly Excess Spread 354,103.47
SEC 4.05(t) Outstanding Aggregate Loan Balance (end of Due 97,916,287.13
Period)
SEC 4.05(v) & (w) Reflected on separate reports, if applicable.
SEC 4.05(x) Reimbursement Amount 0.00
</TABLE>
CITYSCAPE
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES
SERIES 1996-1
Distribution Period: 25-Sep-96
SEC 4.05(x) Reimbursement Amount 0.00
==============================================================================
CITYSCAPE
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES
SERIES 1996-1
DISTRIBUTION PERIOD: 25-OCT-96
<TABLE>
<CAPTION>
ORIGINAL BEGINNING Ending
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL Certificate
CUSIP CLASS FACE VALUE BALANCE DISTRIBUTION DISTRIBUTIONDISTRIBUTION Balance
<S> <C> <C> <C> <C> <C> <C> <C>
178779AG9 A-1 51,079,000.00 40,927,195.66 2,144,444.35 219,983.68 2,364,428.03 38,782,751.31
178779AH7 A-2 25,993,000.00 25,993,000.00 0.00 146,210.63 146,210.63 25,993,000.00
178779AJ3 A-3 19,105,000.00 19,105,000.00 0.00 112,241.87 112,241.87 19,105,000.00
178779AK0 A-4 13,550,985.35 13,550,985.35 0.00 87,516.78 87,516.78 13,550,985.35
R 0.00 0.00 0.00 0.00 0.00 0.00
Total 109,727,985.35 99,576,181.01 2,144,444.35 565,952.96 2,710,397.31 97,431,736.66
</TABLE>
<TABLE>
<CAPTION>
Principal Interest Total Ending Original
Distribution Distribution Distribution Certificate Pass Current Pass
CUSIP Class Balance Class Through Rate Through Rate
<S> <C> <C> <C> <C> <C> <C> <C> <C>
178779AG9 A-1 41.98289610 4.30673427 46.28963038 759.26998002 A-1 6.45000% 6.45000%
178779AH7 A-2 0.00000000 5.62500019 5.62500019 1,000.00000000 A-2 6.75000% 6.75000%
178779AJ3 A-3 0.00000000 5.87499974 5.87499974 1,000.00000000 A-3 7.05000% 7.05000%
178779AK0 A-4 0.00000000 6.45833330 6.45833330 1,000.00000000 A-4 7.75000% 7.75000%
Total 19.54327643 5.15778138 24.70105781 887.93880931
</TABLE>
PLEASE DIRECT ANY QUESTIONS OR COMMENTS TO THE FOLLOWING ADMINISTRATOR:
MARIAN ONISCHAK
HARRIS TRUST AND SAVINGS BANK
311 WEST MONROE - 12 FLOOR
CHICAGO, IL 60690
DISTRIBUTION LIST: CERTIFICATE INSURER, ORIGINATOR, MANAGEMENT AGENTS,
SERVICER AND EACH _________________.
CITYSCAPE
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES
SERIES 1996-3
Distribution Period: 25-Sep-96
<TABLE>
<CAPTION>
SEC 4.05(b) O/C
Total Principal Scheduled Increase/
Distribution Principal Prepayments Liquidations (Reduction) Total
<S> <C> <C> <C> <C> <C> <C>
Class A-1 72,683.41 1,712,330.85 0.00 359,430.09 2,144,444.35
Per $1000 Unit 1.42296071 33.52318663 0.00000000 7.03674876 41.98289610
Class A-2 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.000000 0.00 0.00000000 0.00 0.00
Class A-3 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Class A-4 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00 0.00 0.00000000 0.00 0.00
Class A Certs 72,683.41 1,712,330.85 0.00 359,430.09 2,144,444.35
Per $1000 Unit 0.66239679 15.60523366 0.00000000 3.27564649 19.54327643
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
SEC 4.05(d) Insured Payment 0.00
Class A-1 Allocation 0.00
Class A-2 Allocation 0.00
Class A-3 Allocation 0.00
Class A-4 Allocation 0.00
SEC 4.05(f) Overcollateralization Reduction Amount 0.00
SEC 4.05(g) Overcollateralization Deficit 0.00
SEC 4.05(h) Specified Overcollateralization Deficiency Amount
$2,162,075.44
SEC 4.05(i) Current Period Realized Losses 0.00
SEC 4.05(j) Overcollateralized Amount 2,875,609.00
SEC 4.05(l) Substitution Shortfall Amounts 0.00
Loan Purchase Prices 0.00
SEC 4.05(m) Ending Weighted Average Mortgage Rate 11.685030%
SEC 4.05(n) Weighted Average Remaining Term (months) 195.3
SEC 4.05(o) Number of Loans Outstanding 1497
Count Balance
SEC 4.05(p) Cumulative Liquidations 0 0.00
SEC 4.05(q) Cumulative Realized Losses 0.00
Cumulative Realized Losses as % of Maximum 0.000000%
Collateral Amount
SEC 4.05(r) Sum of Three Largest Loan Balances Outstanding 1,325,387.98
SEC 4.05(s) Monthly Excess Spread 359,430.09
SEC 4.05(t) Outstanding Aggregate Loan Balance (end of Due 99,853,317.09
Period)
SEC 4.05(v) & (w) Reflected on separate reports, if applicable.
SEC 4.05(x) Reimbursement Amount 0.00
</TABLE>
CITYSCAPE
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES
SERIES 1996-3
Distribution Period: 25-Sep-96
SEC 4.05(x) Reimbursement Amount 0.00
==============================================================================
CITYSCAPE
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES
SERIES 1996-1
DISTRIBUTION PERIOD: 25-SEP-96
<TABLE>
<CAPTION> ORIGINAL BEGINNING Ending
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL Certificate
CUSIP CLASS FACE VALUE BALANCE DISTRIBUTION DISTRIBUTIONDISTRIBUTION Balance
<S> <C> <C> <C> <C> <C> <C> <C>
178779AG9 A-1 51,079,000.00 42,978,423.99 2,051,228.33 231,009.03 2,282,237.36 40,927,195.66
178779AH7 A-2 25,993,000.00 25,993,000.00 0.00 146,210.63 146,210.63 25,993,000.00
178779AJ3 A-3 19,105,000.00 19,105,000.00 0.00 112,241.87 112,241.87 19,105,000.00
178779AK0 A-4 13,550,985.35 13,550,985.35 0.00 87,516.78 87,516.78 13,550,985.35
R 0.00 0.00 0.00 0.00 0.00 0.00
Total 109,727,985.35 101,627,409.34 2,051,223.33 576,978.31 2,628,206.64 99,576,181.01
</TABLE>
<TABLE>
<CAPTION> Principal Interest Total Ending Original
Distribution Distribution Distribution Certificate Pass Current Pass
CUSIP Class Balance Class Through Rate Through Rate
<S> <C> <C> <C> <C> <C> <C> <C> <C>
178779AG9 A-1 40.15795787 4.452258325 44.68054112 801.25287613 A-1 6.45000% 6.45000%
178779AH7 A-2 0.00000000 5.62500019 5.62500019 1,000.00000000 A-2 6.75000% 6.75000%
178779AJ3 A-3 0.00000000 5.87499974 5.87499974 1,000.00000000 A-3 7.05000% 7.05000%
178779AK0 A-4 0.00000000 6.45833330 6.45833330 1,000.00000000 A-4 7.75000% 7.75000%
Total 18.69375733 5.25826031 23.95201763 907.48208574
</TABLE>
PLEASE DIRECT ANY QUESTIONS OR COMMENTS TO THE FOLLOWING ADMINISTRATOR:
MARIAN ONISCHAK
HARRIS TRUST AND SAVINGS BANK
311 WEST MONROE - 12 FLOOR
CHICAGO, IL 60690
DISTRIBUTION LIST: CERTIFICATE INSURER, ORIGINATOR, MANAGEMENT AGENTS,
SERVICER AND EACH _________________.
<TABLE>
<CAPTION>
SEC 4.05(b) O/C
Total Principal Scheduled Increase/
Distribution Principal Prepayments Liquidations (Reduction) Total
<S> <C> <C> <C> <C> <C> <C>
Class A-1 74,152.42 1,612,673.84 0.00 364,402.07 2,051,228.33
Per $1000 Unit 1.45172028 31.57214981 0.00000000 7.13408779 40.15795787
Class A-2 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.000000 0.00 0.00000000 0.00 0.00
Class A-3 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Class A-4 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00 0.00 0.00000000 0.00 0.00
Class A Certs 74,152.42 1,612,673.84 0.00 364,402.07 2,051,228.33
Per $1000 Unit 0.67578403 14,69701494 0.00000000 3.32095386 18.69375733
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
SEC 4.05(d) Insured Payment 0.00
Class A-1 Allocation 0.00
Class A-2 Allocation 0.00
Class A-3 Allocation 0.00
Class A-4 Allocation 0.00
SEC 4.05(f) Overcollateralization Reduction Amount 0.00
SEC 4.05(g) Overcollateralization Deficit 0.00
SEC 4.05(h) Specified Overcollateralization Deficiency Amount
$3,240,011.07
SEC 4.05(i) Current Period Realized Losses 0.00
SEC 4.05(j) Overcollateralized Amount 2,062,150.34
SEC 4.05(l) Substitution Shortfall Amounts 0.00
Loan Purchase Prices 0.00
SEC 4.05(m) Ending Weighted Average Mortgage Rate 11.693758%
SEC 4.05(n) Weighted Average Remaining Term (months) 196.6
SEC 4.05(o) Number of Loans Outstanding 1520
Count Balance
SEC 4.05(p) Cumulative Liquidations 0 0.00
SEC 4.05(q) Cumulative Realized Losses 0.00
Cumulative Realized Losses as % of Maximum 0.000000%
Collateral Amount
SEC 4.05(r) Sum of Three Largest Loan Balances Outstanding 1,325,681.34
SEC 4.05(s) Monthly Excess Spread 364,402.07
SEC 4.05(t) Outstanding Aggregate Loan Balance (end of Due 101,638,331.35
Period)
SEC 4.05(v) & (w) Reflected on separate reports, if applicable.
SEC 4.05(x) Reimbursement Amount 0.00
</TABLE>
CITYSCAPE
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES
SERIES 1996-3
Distribution Period: 25-Sep-96
SEC 4.05(x) Reimbursement Amount 0.00
==============================================================================
CITYSCAPE
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES
SERIES 1996-1
DISTRIBUTION PERIOD: 25-AUG-96
<TABLE>
<CAPTION> ORIGINAL BEGINNING Ending
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL Certificate
CUSIP CLASS FACE VALUE BALANCE DISTRIBUTION DISTRIBUTIONDISTRIBUTION Balance
<S> <C> <C> <C> <C> <C> <C> <C>
178779AG9 A-1 51,079,000.00 45,050,536.76 2,072,112.77 242,146.64 2,314,259.41 42,978,423.99
178779AH7 A-2 25,993,000.00 25,993,000.00 0.00 146,210.63 146,210.63 25,993,000.00
178779AJ3 A-3 19,105,000.00 19,105,000.00 0.00 112,241.87 112,241.87 19,105,000.00
178779AK0 A-4 13,550,985.35 13,550,985.35 0.00 87,516.78 87,516.78 13,550,985.35
R 0.00 0.00 0.00 0.00 0.00 0.00
Total 109,727,985.35 103,699,522.11 2,072,112.77 588,115.92 2,660,228.69 101,627,409.34
</TABLE>
<TABLE>
<CAPTION> Principal Interest Total Ending Original
Distribution Distribution Distribution Certificate Pass Current Pass
CUSIP Class Balance Class Through Rate Through Rate
<S> <C> <C> <C> <C> <C> <C> <C> <C>
178779AG9 A-1 40.56682335 4.74063000 45.30745336 841.41083400 A-1 6.45000% 6.45000%
178779AH7 A-2 0.00000000 5.62500019 5.62500019 1,000.00000000 A-2 6.75000% 6.75000%
178779AJ3 A-3 0.00000000 5.87499974 5.87499974 1,000.00000000 A-3 7.05000% 7.05000%
178779AK0 A-4 0.00000000 6.45833330 6.45833330 1,000.00000000 A-4 7.75000% 7.75000%
Total 18.88408653 5.35976231 24.24384884 926.17584307
</TABLE>
PLEASE DIRECT ANY QUESTIONS OR COMMENTS TO THE FOLLOWING ADMINISTRATOR:
MARIAN ONISCHAK
HARRIS TRUST AND SAVINGS BANK
311 WEST MONROE - 12 FLOOR
CHICAGO, IL 60690
DISTRIBUTION LIST: CERTIFICATE INSURER, ORIGINATOR, MANAGEMENT AGENTS,
SERVICER AND EACH _________________.
<TABLE>
<CAPTION>
SEC 4.05(b) O/C
Total Principal Scheduled Increase/
Distribution Principal Prepayments Liquidations (Reduction) Total
<S> <C> <C> <C> <C> <C> <C>
Class A-1 76,188.97 1,627,015.76 0.00 368,908.04 2,072,112.77
Per $1000 Unit 1.49159087 31.85292899 0.00000000 7.22230349 40.56682335
Class A-2 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.000000 0.00 0.00000000 0.00 0.00
Class A-3 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Class A-4 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00 0.00 0.00000000 0.00 0.00
Class A Certs 76,188.97 1,627,015.76 0.00 368,908.04 2,072,112.77
Per $1000 Unit 0.69434402 14.82771924 0.00000000 3.36202327 18.88408653
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
SEC 4.05(d) Insured Payment 0.00
Class A-1 Allocation 0.00
Class A-2 Allocation 0.00
Class A-3 Allocation 0.00
Class A-4 Allocation 0.00
SEC 4.05(f) Overcollateralization Reduction Amount 0.00
SEC 4.05(g) Overcollateralization Deficit 0.00
SEC 4.05(h) Specified Overcollateralization Deficiency Amount
$3,608,919.11
SEC 4.05(i) Current Period Realized Losses 0.00
SEC 4.05(j) Overcollateralized Amount 1,697,748.27
SEC 4.05(l) Substitution Shortfall Amounts 0.00
Loan Purchase Prices 0.00
SEC 4.05(m) Ending Weighted Average Mortgage Rate 11.702508%
SEC 4.05(n) Weighted Average Remaining Term (months) 197.7
SEC 4.05(o) Number of Loans Outstanding 1552
Count Balance
SEC 4.05(p) Cumulative Liquidations 0 0.00
SEC 4.05(q) Cumulative Realized Losses 0.00
Cumulative Realized Losses as % of Maximum 0.000000%
Collateral Amount
SEC 4.05(r) Sum of Three Largest Loan Balances Outstanding 1,326,304.99
SEC 4.05(s) Monthly Excess Spread 368,908.04
SEC 4.05(t) Outstanding Aggregate Loan Balance (end of Due 103,325,157.61
Period)
SEC 4.05(v) & (w) Reflected on separate reports, if applicable.
SEC 4.05(x) Reimbursement Amount 0.00
</TABLE>
CITYSCAPE
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES
SERIES 1996-3
Distribution Period: 25-Sep-96
SEC 4.05(x) Reimbursement Amount 0.00
==============================================================================
CITYSCAPE
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES
SERIES 1996-1
DISTRIBUTION PERIOD: 25-JUL-96
<TABLE>
<CAPTION> ORIGINAL BEGINNING Ending
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL Certificate
CUSIP CLASS FACE VALUE BALANCE DISTRIBUTION DISTRIBUTIONDISTRIBUTION Balance
<S> <C> <C> <C> <C> <C> <C> <C>
178779AG9 A-1 51,079,000.00 46,394,738.97 1,344,202.21 249,371.72 1,593,573.93 45,050,536.76
178779AH7 A-2 25,993,000.00 25,993,000.00 0.00 146,210.63 146,210.63 25,993,000.00
178779AJ3 A-3 19,105,000.00 19,105,000.00 0.00 112,241.87 112,241.87 19,105,000.00
178779AK0 A-4 13,550,985.35 13,550,985.35 0.00 87,516.78 87,516.78 13,550,985.35
R 0.00 0.00 0.00 0.00 0.00 0.00
Total 109,727,985.35 105,043,724.32 1,344,202.21 595,341.00 1,939,543.21 103,699,522.11
</TABLE>
<TABLE>
<CAPTION> Principal Interest Total Ending Original
Distribution Distribution Distribution Certificate Pass Current Pass
CUSIP Class Balance Class Through Rate Through Rate
<S> <C> <C> <C> <C> <C> <C> <C> <C>
178779AG9 A-1 26.31614186 4.88207913 31.19822099 881.97765735 A-1 6.45000% 6.45000%
178779AH7 A-2 0.00000000 5.62500019 5.62500019 1,000.0000000 A-2 6.75000% 6.75000%
178779AJ3 A-3 0.00000000 5.87499974 5.87499974 1,000.0000000 A-3 7.05000% 7.05000%
178779AK0 A-4 0.00000000 6.45833330 6.45833330 1,000.0000000 A-4 7.75000% 7.75000%
Total 12.25031341 5/42560768 17.67592109 945.05992960
</TABLE>
PLEASE DIRECT ANY QUESTIONS OR COMMENTS TO THE FOLLOWING ADMINISTRATOR:
MARIAN ONISCHAK
HARRIS TRUST AND SAVINGS BANK
311 WEST MONROE - 12 FLOOR
CHICAGO, IL 60690
DISTRIBUTION LIST: CERTIFICATE INSURER, ORIGINATOR, MANAGEMENT AGENTS,
SERVICER AND EACH _________________.
CITYSCAPE
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES
SERIES 1996-3
Distribution Period: 25-Sep-96
<TABLE>
<CAPTION>
SEC 4.05(b) O/C
Total Principal Scheduled Increase/
Distribution Principal Prepayments Liquidations (Reduction) Total
<S> <C> <C> <C> <C> <C>
Class A-1 73,768.29 899,711.73 0.00 370,722.19 1,344,202.21
Per $1000 Unit 1.44419996 17.61412185 0.00000000 7.25782004 26.31614186
Class A-2 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.000000 0.00 0.00000000 0.00 0.00
Class A-3 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Class A-4 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00 0.00 0.00000000 0.00 0.00
Class A Certs 73,768.29 899,711.73 0.00 370,722.19 1,344,202.21
Per $1000 Unit 0.67228328 8.19947370 0.00000000 3.37855643 12.25031341
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
SEC 4.05(d) Insured Payment 0.00
Class A-1 Allocation 0.00
Class A-2 Allocation 0.00
Class A-3 Allocation 0.00
Class A-4 Allocation 0.00
SEC 4.05(f) Overcollateralization Reduction Amount 0.00
SEC 4.05(g) Overcollateralization Deficit 0.00
SEC 4.05(h) Specified Overcollateralization Deficiency Amount
$3,979,641.30
SEC 4.05(i) Current Period Realized Losses 0.00
SEC 4.05(j) Overcollateralized Amount 1,328,840.23
SEC 4.05(l) Substitution Shortfall Amounts 0.00
Loan Purchase Prices 0.00
SEC 4.05(m) Ending Weighted Average Mortgage Rate 11.704957%
SEC 4.05(n) Weighted Average Remaining Term (months) 198.4
SEC 4.05(o) Number of Loans Outstanding 1575
Count Balance
SEC 4.05(p) Cumulative Liquidations 0 0.00
SEC 4.05(q) Cumulative Realized Losses 0.00
Cumulative Realized Losses as % of Maximum 0.000000%
Collateral Amount
SEC 4.05(r) Sum of Three Largest Loan Balances Outstanding 1,326,600.67
SEC 4.05(s) Monthly Excess Spread 370,722.19
SEC 4.05(t) Outstanding Aggregate Loan Balance (end of Due 105,028,362.34
Period)
SEC 4.05(v) & (w) Reflected on separate reports, if applicable.
SEC 4.05(x) Reimbursement Amount 0.00
</TABLE>
CITYSCAPE
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES
SERIES 1996-3
Distribution Period: 25-Sep-96
SEC 4.05(x) Reimbursement Amount 0.00
===========================================================================
CITYSCAPE
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES
SERIES 1996-1
DISTRIBUTION PERIOD: 25-JUN-96
<TABLE>
<CAPTION> ORIGINAL BEGINNING Ending
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL Certificate
CUSIP CLASS FACE VALUE BALANCE DISTRIBUTION DISTRIBUTIONDISTRIBUTION Balance
<S> <C> <C> <C> <C> <C> <C> <C>
178779AG9 A-1 51,079,000.00 48,494,223.63 2,099,484.66 260,656.45 2,360,141.11 46,394,738.97
178779AH7 A-2 25,993,000.00 25,993,000.00 0.00 146,210.63 146,210.63 25,993,000.00
178779AJ3 A-3 19,105,000.00 19,105,000.00 0.00 112,241.87 112,241.87 19,105,000.00
178779AK0 A-4 13,550,985.35 13,550,985.35 0.00 87,516.78 87,516.78 13,550,985.35
R 0.00 0.00 0.00 0.00 0.00 0.00
Total 109,727,985.35 107,143,208.98 2,099,484.66 606,625.73 2,706,110.39105,043,724.32
</TABLE>
<TABLE>
<CAPTION> Principal Interest Total Ending Original
Distribution Distribution Distribution Certificate Pass Current Pass
CUSIP Class Balance Class Through Rate Through Rate
<S> <C> <C> <C> <C> <C> <C> <C> <C>
178779AG9 A-1 41.10269700 5.10300613 46.20570313 908.29379921 A-1 6.45000% 6.45000%
178779AH7 A-2 0.00000000 5.62500019 5.62500019 1,000.00000000 A-2 6.75000% 6.75000%
178779AJ3 A-3 0.00000000 5.87499974 5.87499974 1,000.00000000 A-3 7.05000% 7.05000%
178779AK0 A-4 0.00000000 6.45833330 6.45833330 1,000.00000000 A-4 7.75000% 7.75000%
A-I0 1.00000% 1.00000%
Total 19.13353875 5.52845045 24.66198920 957.31024301
</TABLE>
PLEASE DIRECT ANY QUESTIONS OR COMMENTS TO THE FOLLOWING ADMINISTRATOR:
MARIAN ONISCHAK
HARRIS TRUST AND SAVINGS BANK
311 WEST MONROE - 12 FLOOR
CHICAGO, IL 60690
DISTRIBUTION LIST: CERTIFICATE INSURER, ORIGINATOR, MANAGEMENT AGENTS,
SERVICER AND EACH _________________.
CITYSCAPE
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES
SERIES 1996-3
Distribution Period: 25-Sep-96
<TABLE>
<CAPTION>
SEC 4.05(b) O/C
Total Principal Scheduled Increase/
Distribution Principal Prepayments Liquidations (Reduction) Total
<S> <C> <C> <C> <C> <C>
Class A-1 77,790.82 1,645,339.08 0.00 376,354.76 2,099,484.66
Per $1000 Unit 1.52295111 32.21165410 0.00000000 7.36809178 41.10269700
Class A-2 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.000000 0.00 0.00000000 0.00 0.00
Class A-3 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Class A-4 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00 0.00 0.00000000 0.00 0.00
Class A Certs 77,790.82 1,645,339.08 0.00 376,354.76 2,099,484.66
Per $1000 Unit 0.70894289 14.99470782 0.00000000 3.42988854 19.13353875
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
SEC 4.05(d) Insured Payment 0.00
Class A-1 Allocation 0.00
Class A-2 Allocation 0.00
Class A-3 Allocation 0.00
Class A-4 Allocation 0.00
SEC 4.05(f) Overcollateralization Reduction Amount 0.00
SEC 4.05(g) Overcollateralization Deficit 0.00
SEC 4.05(h) Specified Overcollateralization Deficiency Amount
$4,355,996.06
SEC 4.05(i) Current Period Realized Losses 0.00
SEC 4.05(j) Overcollateralized Amount 958,118.04
SEC 4.05(l) Substitution Shortfall Amounts 0.00
Loan Purchase Prices 0.00
SEC 4.05(m) Ending Weighted Average Mortgage Rate 11.709637%
SEC 4.05(n) Weighted Average Remaining Term (months) 199.6
SEC 4.05(o) Number of Loans Outstanding 1597
Count Balance
SEC 4.05(p) Cumulative Liquidations 0 0.00
SEC 4.05(q) Cumulative Realized Losses 0.00
Cumulative Realized Losses as % of Maximum 0.000000%
Collateral Amount
SEC 4.05(r) Sum of Three Largest Loan Balances Outstanding 1,327,110.67
SEC 4.05(s) Monthly Excess Spread 376,354.76
SEC 4.05(t) Outstanding Aggregate Loan Balance (end of Due 106,001,842.36
Period)
SEC 4.05(v) & (w) Reflected on separate reports, if applicable.
SEC 4.05(x) Reimbursement Amount 0.00
</TABLE>
CITYSCAPE
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES
SERIES 1996-3
Distribution Period: 25-Sep-96
SEC 4.05(x) Reimbursement Amount 0.00
==============================================================================
CITYSCAPE
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES
SERIES 1996-1
DISTRIBUTION PERIOD: 25-MAY-96
<TABLE>
<CAPTION> ORIGINAL BEGINNING Ending
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL Certificate
CUSIP CLASS FACE VALUE BALANCE DISTRIBUTION DISTRIBUTIONDISTRIBUTION Balance
<S> <C> <C> <C> <C> <C> <C> <C>
178779AG9 A-1 51,079,000.00 49,708,806.40 1,214,582.77 267,184.83 1,481,767.60 48,494,223.63
178779AH7 A-2 25,993,000.00 25,993,000.00 0.00 146,210.63 146,210.63 25,993,000.00
178779AJ3 A-3 19,105,000.00 19,105,000.00 0.00 112,241.87 112,241.87 19,105,000.00
178779AK0 A-4 13,550,985.35 13,550,985.35 0.00 87,516.78 87,516.78 13,550,985.35
R 0.00 0.00 0.00 0.00 0.00 0.00
Total 109,727,985.35 108,357,791.75 1,214,582.77 613,154.11 1,827,736.88 107,143,208.98
</TABLE>
<TABLE>
<CAPTION> Principal Interest Total Ending Original
Distribution Distribution Distribution Certificate Pass Current Pass
CUSIP Class Balance Class Through Rate Through Rate
<S> <C> <C> <C> <C> <C> <C> <C> <C>
178779AG9 A-1 23.77851505 5.23081560 29.00933064 949.39649621 A-1 6.45000% 6.45000%
178779AH7 A-2 0.00000000 5.62500019 5.62500019 1,000.00000000 A-2 6.75000% 6.75000%
178779AJ3 A-3 0.00000000 5.87499974 5.87499974 1,000.00000000 A-3 7.05000% 7.05000%
178779AK0 A-4 0.00000000 6.45833330 6.45833330 1,000.00000000 A-4 7.75000% 7.75000%
A-I0 1.00000% 1.00000%
Total 11.06903372 5.58794648 16.65698021 976.44378176
</TABLE>
PLEASE DIRECT ANY QUESTIONS OR COMMENTS TO THE FOLLOWING ADMINISTRATOR:
MARIAN ONISCHAK
HARRIS TRUST AND SAVINGS BANK
311 WEST MONROE - 12 FLOOR
CHICAGO, IL 60690
DISTRIBUTION LIST: CERTIFICATE INSURER, ORIGINATOR, MANAGEMENT AGENTS,
SERVICER AND EACH _________________.
CITYSCAPE
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES
SERIES 1996-3
Distribution Period: 25-Sep-96
<TABLE>
<CAPTION>
SEC 4.05(b) O/C
Total Principal Scheduled Increase/
Distribution Principal Prepayments Liquidations (Reduction) Total
<S> <C> <C> <C> <C> <C> <C>
Class A-1 73,030.53 764,365.47 0.00 377,186.77 1,214,582.77
Per $1000 Unit 1.42975646 14.96437812 0.00000000 7.38438047 23.77851505
Class A-2 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.000000 0.00 0.00000000 0.00 0.00
Class A-3 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Class A-4 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00 0.00 0.00000000 0.00 0.00
Class A Certs 73,030.53 764,365.47 0.00 377,186.77 1,214,582.77
Per $1000 Unit 0.66555975 6.96600295 0.00000000 3.43747102 11.06903372
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
SEC 4.05(d) Insured Payment 0.00
Class A-1 Allocation 0.00
Class A-2 Allocation 0.00
Class A-3 Allocation 0.00
Class A-4 Allocation 0.00
SEC 4.05(f) Overcollateralization Reduction Amount 0.00
SEC 4.05(g) Overcollateralization Deficit 0.00
SEC 4.05(h) Specified Overcollateralization Deficiency Amount
$4,733,182.83
SEC 4.05(i) Current Period Realized Losses 0.00
SEC 4.05(j) Overcollateralized Amount 581,763.28
SEC 4.05(l) Substitution Shortfall Amounts 0.00
Loan Purchase Prices 0.00
SEC 4.05(m) Ending Weighted Average Mortgage Rate 11.722327%
SEC 4.05(n) Weighted Average Remaining Term (months) 200.5
SEC 4.05(o) Number of Loans Outstanding 1617
Count Balance
SEC 4.05(p) Cumulative Liquidations 0 0.00
SEC 4.05(q) Cumulative Realized Losses 0.00
Cumulative Realized Losses as % of Maximum 0.000000%
Collateral Amount
SEC 4.05(r) Sum of Three Largest Loan Balances Outstanding 1,337,619.79
SEC 4.05(s) Monthly Excess Spread 377,186.77
SEC 4.05(t) Outstanding Aggregate Loan Balance (end of Due 107,724,972.26
Period)
SEC 4.05(v) & (w) Reflected on separate reports, if applicable.
SEC 4.05(x) Reimbursement Amount 0.00
</TABLE>
CITYSCAPE
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES
SERIES 1996-3
Distribution Period: 25-Sep-96
SEC 4.05(x) Reimbursement Amount 0.00
============================================================================
CITYSCAPE
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES
SERIES 1996-1
DISTRIBUTION PERIOD: 25-APR-96
<TABLE>
<CAPTION> ORIGINAL BEGINNING Ending
CERTIFICATE CERTIFICATE PRINCIPAL INTEREST TOTAL Certificate
CUSIP CLASS FACE VALUE BALANCE DISTRIBUTION DISTRIBUTIONDISTRIBUTION Balance
<S> <C> <C> <C> <C> <C> <C> <C>
178779AG9 A-1 51,079,000.00 51,079,000.00 1,370,193.60 155,578.12 1,525,771.72 49,708,806.40
178779AH7 A-2 25,993,000.00 25,993,000.00 0.00 82,852.69 82,842.69 25,993,000.00
178779AJ3 A-3 19,105,000.00 19,105,000.00 0.00 63,603.73 63,603.73 19,105,000.00
178779AK0 A-4 13,550,985.35 13,550,985.35 0.00 49,592.84 49,592.84 13,550,985.35
R 0.00 0.00 0.00 0.00 0.00 0.00
Total 109,727,985.35 109,727,985.35 1,370,193.60 351,637.38 1,721,820.98 108,357,791.75
</TABLE>
<TABLE>
<CAPTION> Principal Interest Total Ending Original
Distributio Distributio Distributio Certificate Pass Current Pass
CUSIP Class Balance Class Through Rate Through Rate
<S> <C> <C> <C> <C> <C> <C> <C> <C>
178779AG9 A-1 26.82498874 3.04583332 29.87082206 973.17501126 A-1 6.45000% 6.45000%
178779AH7 A-2 0.00000000 3.18750010 3.18750010 1,000.00000000 A-2 6.75000% 6.75000%
178779AJ3 A-3 0.00000000 3.32916671 3.32916671 1,000.00000000 A-3 7.05000% 7.05000%
178779AK0 A-4 0.00000000 3.65972205 3.65972205 1,000.00000000 A-4 7.75000% 7.75000%
A-I0 1.00000% 1.00000%
Total 12.48718452 3.20453692 15.69172144 987.51281548
</TABLE>
PLEASE DIRECT ANY QUESTIONS OR COMMENTS TO THE FOLLOWING ADMINISTRATOR:
MARIAN ONISCHAK
HARRIS TRUST AND SAVINGS BANK
311 WEST MONROE - 12 FLOOR
CHICAGO, IL 60690
DISTRIBUTION LIST: CERTIFICATE INSURER, ORIGINATOR, MANAGEMENT AGENTS,
SERVICER AND EACH _________________.
CITYSCAPE
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES
SERIES 1996-3
Distribution Period: 25-Sep-96
<TABLE>
<CAPTION>
SEC 4.05(b) O/C
Total Principal Scheduled Increase/
Distribution Principal Prepayments Liquidations (Reduction) Total
<S> <C> <C> <C> <C> <C>
Class A-1 25,035.17 1,140,581.92 0.00 204,576.51 1,370,193.60
Per $1000 Unit 0.49012647 22.32976213 0.00000000 4.00510014 26.82498874
Class A-2 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.000000 0.00 0.00000000 0.00 0.00
Class A-3 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Class A-4 0.00 0.00 0.00 0.00 0.00
Per $1000 Unit 0.00 0.00 0.00000000 0.00 0.00
Class A Certs 25,035.17 1,140,581.92 0.00 204,576.51 1,370,193.60
Per $1000 Unit 0.22815665 10.39463102 0.00000000 1.86439685 12.48718452
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
SEC 4.05(d) Insured Payment 0.00
Class A-1 Allocation 0.00
Class A-2 Allocation 0.00
Class A-3 Allocation 0.00
Class A-4 Allocation 0.00
SEC 4.05(f) Overcollateralization Reduction Amount 0.00
SEC 4.05(g) Overcollateralization Deficit 0.00
SEC 4.05(h) Specified Overcollateralization Deficiency Amount
$5,215,569.69
SEC 4.05(i) Current Period Realized Losses 0.00
SEC 4.05(j) Overcollateralized Amount 204,576.51
SEC 4.05(l) Substitution Shortfall Amounts 0.00
Loan Purchase Prices 0.00
SEC 4.05(m) Ending Weighted Average Mortgage Rate 11.722291%
SEC 4.05(n) Weighted Average Remaining Term (months) 201.3
SEC 4.05(o) Number of Loans Outstanding 1628
Count Balance
SEC 4.05(p) Cumulative Liquidations 0 0.00
SEC 4.05(q) Cumulative Realized Losses 0.00
Cumulative Realized Losses as % of Maximum 0.000000%
Collateral Amount
SEC 4.05(r) Sum of Three Largest Loan Balances Outstanding 1,337,902.48
SEC 4.05(s) Monthly Excess Spread 204,576.51
SEC 4.05(t) Outstanding Aggregate Loan Balance (end of Due 108,562,368.26
Period)
SEC 4.05(v) & (w) Reflected on separate reports, if applicable.
SEC 4.05(x) Reimbursement Amount 0.00
</TABLE>
CITYSCAPE
HOME EQUITY LOAN PASS-THROUGH CERTIFICATES
SERIES 1996-3
Distribution Period: 25-Sep-96
SEC 4.05(x) Reimbursement Amount 0.00
============================================================================
