ABNAMRO LaSalle ABSTSSECURITIES 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: November 25, 1997
(Date of earliest event reported)
Salomon Brothers Mortgage Securities VII, Inc.
(Depositor)
(Issuer in Respect of
Mortgage Pass-Through Certificates
Series 1997-HUD1)
(Exact name of registrant as specified in charter)
Delaware 333-24489 13-3408716
(State or other juris-(Commission(I.R.S. Employer
diction of organization)File No.)Identification No.)
399 Park Avenue, New York, New York 10043
(Address of principal executive offices)(Zip Code)
Registrant's Telephone Number, including area code
(212) 559-6899
(Former name or former address, if changed since
last report.)
ITEM 5. OTHER EVENTS
This Current Report on Form 8-K relates to
the Trust Fund formed, and the Mortgage Pass-Through
Certificates Series 1997-HUD1 issued pursuant to, a
Pooling and Servicing Agreement, dated as of April 1,
1997 (the "Pooling and Servicing Agreement"), by and
among Salomon Brothers Mortgage Securites VII, Inc.,
as depositor, Ocwen Federal Bank FSB, as master
servicer, LaSalle National Bank, as trustee and REMIC
administrator, and ABN AMRO Bank, N.V., as fiscal
agent. The Class A-1, Class A-2, Class A-3, Class
A-4, Class
IO, Class A-WAC, Class B-1, Class B-2 and Class B-3
Certificates have been registered pursuant to the Act
under a Registration Statement on Form S-3 (File No.
333-24489) (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.
This Current Report is being filed by the
Trustee, 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 Trustee by one or more of the Master
Servicer, the Special Servicer or other third parties
without independent review or investigation by the
Trustee. Pursuant to the Pooling and Servicing
Agreement, the Trustee is not responsible for the
accuracy or completeness of such information.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION
AND EXHIBITS
(c) Exhibits
Exhibit No. Description
99 Monthly distribution report
pursuant to
Section 4.02 of the Pooling
and Servicing
Agreement for the distribution
on December 26, 1997
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.
LASALLE NATIONAL BANK, IN
ITS CAPACITY AS TRUSTEE
UNDER THE POOLING AND
SERVICING AGREEMENT ON
BEHALF OF MORTGAGE CAPTIAL
FUNDING, INC, REGISTRANT
By: /s Russell Goldenberg
Russell Goldenberg,
Senior Vice President
Date: December 30, 1997
ABN AMRO
LaSalle National Bank
Administrator:
Ryan Kutty (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
Salomon Brothers Mortgage Securites VII, Inc.
Ocwen Federal Bank FSB, as Master Servicer
Mortgage Pass-Through Certificates
Series 1997-HUD1
ABN AMRO Acct: 67-7741-60-5
Statement Date: 11/25/97
Payment Date: 11/25/97
Prior Payment: 10/27/97
Record Date: 10/31/97
WAC: 9.782448%
WAMM: 221
Number Of Pages
Table Of Contents 1
REMIC Certificate Report 3
Other Related Information 4
Asset Backed Facts Sheets 1
Total Pages Included In This Package 9
Specially Serviced Loan Detail Appendix A
Modified Loan Detail Appendix B
Realized Loss Detail Appendix C
REMIC III
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 101,348,000.0088,289,134.36 2,683,272.03
79548KUM8 1000.000000000871.148264988 26.475826163
A-2 18,363,000.0018,363,000.00 0.00
79548KUN6 1000.0000000001000.00000000 0.000000000
A-3 26,662,000.0026,662,000.00 0.00
79548KUP1 1000.0000000001000.00000000 0.000000000
A-4 51,188,000.0051,188,000.00 0.00
79548KUQ9 1000.0000000001000.00000000 0.000000000
IO 272,449,770.12258,672,204.3 0.00
79548KUS5 1000.000000000949.430804020 0.000000000
A-WAC 52,694,064.0047,466,516.90 455,239.21
79548KUR7 1000.000000000900.794383595 8.639288289
B-1 12,230,000.0012,119,445.62 18,780.07
79548KUT3 1000.000000000990.960394113 1.535573998
B-2 8,969,000.00 8,887,923.77 13,772.56
79548KUU0 1000.000000000990.960393578 1.535573643
B-3 15,492,000.0015,351,958.44 23,789.11
79548KUV8 1000.000000000990.960395043 1.535573845
B-4 11,415,000.0011,311,812.91 17,528.57
7955019V9 1000.000000000990.960395094 1.535573368
B-5 9,785,000.00 9,696,547.46 15,025.59
7955019W7 1000.000000000990.960394481 1.535573838
B-6 16,997,770.1216,802,381.74 26,036.65
7955019X5 1000.000000000988.505058098 1.531768568
R-III 0.00 0.00 0.00
79548KVB1 1000.000000000 0.000000000 0.000000000
325,143,834.12306,138,721.2 3,253,443.79
Class Principal Negative Closing
CUSIP Adj. or Loss Amortization Balance
Per $1,000 Per $1,000 Per $1,000
A-1 0.00 0.00 85,605,862.33
79548KUM8 0.000000000 0.000000000 844.672438825
A-2 0.00 0.00 18,363,000.00
79548KUN6 0.000000000 0.0000000001,000.000000000
A-3 0.00 0.00 26,662,000.00
79548KUP1 0.000000000 0.0000000001,000.000000000
A-4 0.00 0.00 51,188,000.00
79548KUQ9 0.000000000 0.0000000001,000.000000000
IO 0.00 0.00 255,849,191.15
79548KUS5 0.000000000 0.000000000 939.069212785
A-WAC 0.00 0.00 47,011,277.69
79548KUR7 0.000000000 0.000000000 892.155095306
B-1 0.00 0.00 12,100,665.55
79548KUT3 0.000000000 0.000000000 989.424820114
B-2 0.00 0.00 8,874,151.21
79548KUU0 0.000000000 0.000000000 989.424819935
B-3 0.00 0.00 15,328,169.33
79548KUV8 0.000000000 0.000000000 989.424821198
B-4 0.00 0.00 11,294,284.34
7955019V9 0.000000000 0.000000000 989.424821726
B-5 0.00 0.00 9,681,521.87
7955019W7 0.000000000 0.000000000 989.424820644
B-6 24808.57 0.00 16,751,536.52
7955019X5 1.459519091 0.000000000 985.513770438
R-III 0.00 0.00 0.00
79548KVB1 0.000000000 0.000000000 0.000000000
24,808.57 0.00 302,860,468.84
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
A-1 512,812.72 0.00 6.97000000%
79548KUM8 5.059919485 0.00000000 Fixed
A-2 112,779.43 0.00 7.37000000%
79548KUN6 6.141666939 0.00000000 Fixed
A-3 166,859.68 0.00 7.51000000%
79548KUP1 6.258333208 0.00000000 Fixed
A-4 328,456.33 0.00 7.70000000%
79548KUQ9 6.416666602 0.00000000 7.70000000%
IO 146,774.92 0.00 0.68090000%
79548KUS5 0.538722862 0.00000000 Fixed
A-WAC 253,419.57 0.00 1.17563261%
79548KUR7 4.809262197 0.00000000 1.17563261%
B-1 78,271.42 0.00 7.75000000%
79548KUT3 6.399952576 0.00000000 7.75000000%
B-2 57,401.17 0.00 7.75000000%
79548KUU0 6.399952057 0.00000000 7.75000000%
B-3 99,148.06 0.00 7.75000000%
79548KUV8 6.399952233 0.00000000 7.75000000%
B-4 73,055.46 0.00 7.75000000%
7955019V9 6.399952694 0.00000000 7.75000000%
B-5 62,623.54 0.00 7.75000000%
7955019W7 6.399952989 0.00000000 7.75000000%
B-6 108,515.38 0.00 7.75000000%
7955019X5 6.384095045 0.00000000 7.75000000%
R-III 0.00 0.00
79548KVB1 0.000000000 0.00000000
Total P&I Payme 2,000,1 0.00
5,253,561.47
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual (3) Estimated
Original Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 101,348,000.00 88289134.36 2683272.03
None 1000.000000000871.148264988 26.475826163
A-2 18,363,000.0018,363,000.00 0.00
None 1000.0000000001000.00000000 0.000000000
A-3 26,662,000.0026,662,000.00 0.00
None 1000.0000000001000.00000000 0.000000000
A-4 51,188,000.0051,188,000.00 0.00
None 1000.0000000001000.00000000 0.000000000
WAC 52,694,064.0047,466,516.90 455,239.21
None 1000.000000000900.794383595 8.639288289
B-1 12,230,000.0012,119,445.62 18,780.07
None 1000.000000000990.960394113 1.535573998
B-2 8,969,000.00 8,887,923.77 13,772.56
None 1000.000000000990.960393578 1.535573643
B-3 15,492,000.0015,351,958.44 23,789.11
None 1000.000000000990.960395043 1.535573845
B-4 11,415,000.0011,311,812.91 17,528.57
None 1000.000000000990.960395094 1.535573368
B-5 9,785,000.00 9,696,547.46 15,025.59
None 1000.000000000990.960394481 1.535573838
B-6 16,997,770.1216,802,381.74 26,036.65
None 1000.000000000988.505058098 1.531768568
R-II 0.00 0.00 0.00
79548KVA3 1000.000000000 0.000000000 0.000000000
325,143,834.12306,138,721.2 3,253,443.79
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
A-1 0.00 0.00 85605862.33
None 0.000000000 0.000000000 844.672438825
A-2 0.00 0.00 18,363,000.00
None 0.000000000 0.000000000 1000.000000000
A-3 0.00 0.00 26,662,000.00
None 0.000000000 0.000000000 1000.000000000
A-4 0.00 0.00 51,188,000.00
None 0.000000000 0.000000000 1000.000000000
WAC 0.00 0.00 47,011,277.69
None 0.000000000 0.000000000 892.155095306
B-1 0.00 0.00 12,100,665.55
None 0.000000000 0.000000000 989.424820114
B-2 0.00 0.00 8,874,151.21
None 0.000000000 0.000000000 989.424819935
B-3 0.00 0.00 15,328,169.33
None 0.000000000 0.000000000 989.424821198
B-4 0.00 0.00 11,294,284.34
None 0.000000000 0.000000000 989.424821726
B-5 0.00 0.00 9,681,521.87
None 0.000000000 0.000000000 989.424820644
B-6 24,808.57 0.00 16,751,536.52
None 1.459519091 0.000000000 985.513770438
R-II 0.00 0.00 0.00
79548KVA3 0.000000000 0.000000000 0.000000000
24,808.57 0.00 302,860,468.84
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
A-1 682673.50 0.00 9.278697830%
None 6.735934602 0.000000000 9.209822360%
A-2 141,987.27 0.00 9.278697830%
None 7.732247999 0.000000000 9.209822360%
A-3 206,157.20 0.00 9.278697830%
None 7.732248143 0.000000000 9.209822360%
A-4 395,798.32 0.00 9.278697830%
None 7.732248183 0.000000000 9.209822360%
WAC 0.00 0.00
None 0.000000000 0.000000000
B-1 93,710.56 0.00 9.278697830%
None 7.662351594 0.000000000 9.209822360%
B-2 68,723.63 0.00 9.278697830%
None 7.662351433 0.000000000 9.209822360%
B-3 118,705.15 0.00 9.278697830%
None 7.662351536 0.000000000 9.209822360%
B-4 87,465.74 0.00 9.278697830%
None 7.662351292 0.000000000 9.209822360%
B-5 74,976.11 0.00 9.278697830%
None 7.662351559 0.000000000 9.209822360%
B-6 129,920.20 0.00 9.278697830%
None 7.643367282 0.000000000 9.209822360%
R-II 0.00 0.00
79548KVA3 0.000000000 0.000000000
2,000,117.68 0.00
Total P&I Payme 5,253,561.47
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual (3) Estimated
Opening Opening Principal
Class Face Value (1) Balance Payment
CUSIP Per $1,000 Per $1,000 Per $1,000
Regular Interes 52,694,064.0047,466,516.90 455,239.21
None 1000.000000000900.794383595 8.639288289
Regular Interes 272,449,770.12258,672,204.3 2,798,204.58
None 1000.000000000949.430804020 10.270533826
325,143,834.12306,138,721.2 3,253,443.79
Principal Negative Closing
Class Adj. or Loss Amortization Balance
CUSIP Per $1,000 Per $1,000 Per $1,000
Regular Interes 0.00 0.00 47,011,277.69
None 0.000000000 0.000000000 892.155095306
Regular Interes 24,808.57 0.00 255,849,191.15
None 0.091057408 0.000000000 939.069212785
24,808.57 0.00 302,860,468.84
Interest Interest Pass-Through
Class Payment Adjustment Rate (2)
CUSIP Per $1,000 Per $1,000 Next Rate (3)
Regular Interes 0.00 0.00
None 0.000000000 0.000000000
Regular Interes 2,000,117.68 0.00 9.278697830%
None 7.341234603 0.000000000 9.209822360%
2,000,117.68 0.00
Total P&I Payme 5,253,561.47
Notes: (1) N denotes notional balance not included in total
(2) Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual (3) Estimated
ABN AMRO
LaSalle National Bank
Administrator:
Ryan Kutty (800) 246-5761
135 S. LaSalle Street Suite 1625
Chicago, IL 60674-4107
Salomon Brothers Mortgage Securites VII, Inc.
Ocwen Federal Bank FSB, as Master Servicer
Mortgage Pass-Through Certificates
Series 1997-HUD1
ABN AMRO Acct: 67-7741-60-5
Other Related Information
Statement Date: 11/25/97
Payment Date: 11/25/97
Prior Payment: 10/27/97
Record Date: 10/31/97
Accrued ReimbursementNet
Certificate of Prior Prepayment
Class Interest Losses Int. Shortfalls
A-1 512,812.72 0.00 0.00
A-2 112,779.43 0.00 0.00
A-3 166,859.68 0.00 0.00
A-4 328,456.33 0.00 0.00
IO 146,774.92 0.00 0.00
A-WAC 253,419.57 0.00 0.00
B-1 78,271.42 0.00 0.00
B-2 57,401.17 0.00 0.00
B-3 99,148.06 0.00 0.00
B-4 73,055.46 0.00 0.00
B-5 62,623.54 0.00 0.00
B-6 108,515.38 0.00 0.00
Total 2,000,117.68 0.00 0.00
Prior Ending Actual
Unpaid Unpaid Interest Distribution
Class Interest Interest Loss of Interest
A-1 0.00 0.00 0.00 512,812.72
A-2 0.00 0.00 0.00 112,779.43
A-3 0.00 0.00 0.00 166,859.68
A-4 0.00 0.00 0.00 328,456.33
IO 0.00 0.00 0.00 146,774.92
A-WAC 0.00 0.00 0.00 253,419.57
B-1 0.00 0.00 0.00 78,271.42
B-2 0.00 0.00 0.00 57,401.17
B-3 0.00 0.00 0.00 99,148.06
B-4 0.00 0.00 0.00 73,055.46
B-5 0.00 0.00 0.00 62,623.54
B-6 0.00 0.00 0.00 108,515.38
Total 0.00 0.00 0.00 2,000,117.68
P&I Advances made by: Beginning Current
Ending
Unreimbursed Period Reimbursed
Unreimbursed
Servicer 247,750.26 242,361.04 247,750.26
242,361.04
Trustee 0.00 0.00 0.00
0.00
Fiscal Agent 0.00 0.00 0.00
0.00
Total P&I Advances 247,750.26 242,361.04 247,750.26
242,361.04
Cumulative Extraordinary Trust Fund Expenses Applied to the
Certificates for the Current Distribution Date
0.00
Cumulative Extraordinary Trust Fund Expenses Applied to the
Certificates Since the Closing Date
0.00
Aggregate Amount of Relief Act Interest Shortfalls for the
Current Distribution Date
0.00
Cumulative Amount of Relief Act Interest Shortfalls Since
the 0.00
Beginning Stated Principal Balance of the Mortgage
Loans and any REO Properties
258,672,204.30
Ending Stated Principal Balance of the Mortgage
Loans and any REO Properties
255,849,191.15
Beginning Arrearage Balance of the Mortgage Loans
48,240,859.82
Ending Arrearage Balance of the Mortgage Loans
47,769,540.32
Amount of Arrearage Collected in the Current Prepayme
471,319.50
Amount of Principal Prepayments during Current Period
2,285,354.60
Actual Collections of Arrearage during the Current Period
471,319.50
Beginning Certificate Notional Amount of Class A-WAC
258,672,204.30
Ending Certificate Notional Amount of Class A-WAC
255,849,191.15
Beginning Legal Balance 306,913,064.12
Ending Legal Balance 303,618,731.47
Beginning Loan Count 6,412.00
Ending Loan Count 6,340.00
Amount of Arrearage Paid on Loans that Prepaid 0.00
REO Property Information
During Preceding Calendar Month Last Day of Preceding
Calendar Month
Stated Stated
Loan Principal Outstanding Loan Principal
Outstanding
Number Balance Arrearage Number Balance
Arrearage
1
2
3
4
5
Total 0.00 0.00 0.00
0.00
REO Loans Liquidated in Preceding Calendar Month
Stated
Loan Principal Outstanding Realized
Number Balance Arrearage Losses
1
2
3
4
5
Total 0.00 0.00 0.00
Reserve Fund
Prior Balance 0.00
Deposits 0.00
Withdrawals 0.00
Current Reserve Balance 0.00
Summary of Expenses:
Current Period Servicing Fees 107,780.09
Current Period Trustee Fees 808.35
Current Period Special Servicing Fee 0.00
Principal Recovery Fees 0.00
Other Servicing Compensation 0.00
Total 108,588.44
Realized Loss Information
Component Prior Current Cumulative
Mortgage Pool 169,946. 24,808 194,755.33
Certificates 41,785 24,808 66,594.37
DistributiDelinq 1 Month Delinq 2 Months Delinq 3+
Months
Date # Balance # Balance #
Balance
11/25/97 58 3,214,307. 47 2,506,439 114
6,356,688.3
0.90% 1.243% 0.73% 0.969% 1.78%
2.457%
10/27/97 105 5,002,716. 33 1,682,559 92
5,192,524.9
1.63% 1.917% 0.51% 0.645% 1.42%
1.990%
9/25/97 61 3,003,126. 38 2,095,503 70
3,818,040.8
0.94% 1.141% 0.58% 0.796% 1.07%
1.451%
8/25/97 60 2,967,080. 38 1,936,464 43
2,377,418.1
` 1.114% 0.58% 0.727% 0.65%
0.893%
7/25/97 56 2,628,369. 52 2,701,328 3
201,966.
0.84% 0.978% 0.78% 1.005% 0.05%
0.075%
6/25/97 80 3,581,904. 2 140,21 1
61,964
1.19% 1.319% 0.03% 0.052% 0.01%
0.023%
5/27/97 7 478,934. 0 2
112,554.
0.10% 0.176% 0.00% 0.000% 0.03%
0.041%
1/0/00 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
1/0/00 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
1/0/00 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
1/0/00 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
1/0/00 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
1/0/00 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
1/0/00 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
1/0/00 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
1/0/00 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00%
0.000%
DistributiForeclosure/Bankruptcy REO Modifications
Date # Balance # Balance # Balance
11/25/97 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
10/27/97 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
9/25/97 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
8/25/97 57 3364602 0 0 0 0
0.86% 1.264% 0.00% 0.000% 0.00% 0.000%
7/25/97 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
6/25/97 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
5/27/97 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
1/0/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
1/0/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
1/0/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
1/0/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
1/0/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
1/0/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
1/0/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
1/0/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
1/0/00 0 0 0 0 0 0
0.00% 0.000% 0.00% 0.000% 0.00% 0.000%
DistributiPrepayments Curr Weighted Avg.
Date # Balance Coupon Remit
11/25/97 72 2,285,354. 9.7824% 9.2787%
1.12% 0.883%
10/27/97 47 1,751,596. 9.7823% 9.2785%
0.73% 0.671%
9/25/97 62 1,812,403. 9.7816% 9.2779%
0.95% 0.689%
8/25/97 69 2,515,887. 9.7836% 9.2799%
1.05% 0.945%
7/25/97 65 2,019,656. 9.7827% 9.2789%
0.98% 0.751%
6/25/97 68 2,222,545. 9.7823% 9.2786%
1.01% 0.819%
5/27/97 15 607,940. 9.7807% 9.2770%
0.22% 0.223%
1/0/00 0 0.0000% 0.0000%
0.00% 0.000%
1/0/00 0 0.0000% 0.0000%
0.00% 0.000%
1/0/00 0 0.0000% 0.0000%
0.00% 0.000%
1/0/00 0 0.0000% 0.0000%
0.00% 0.000%
1/0/00 0 0.0000% 0.0000%
0.00% 0.000%
1/0/00 0 0.0000% 0.0000%
0.00% 0.000%
1/0/00 0 0.0000% 0.0000%
0.00% 0.000%
1/0/00 0 0.0000% 0.0000%
0.00% 0.000%
1/0/00 0 0.0000% 0.0000%
0.00% 0.000%
1/0/00 0 0.0000% 0.0000%
0.00% 0.000%
Specially Serviced Loan Detail
Beginning Specially
DisclosureScheduled Interest Maturity Property Serviced
Control # Balance Rate Date Type Status Code
(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
DisclosureModification Modification
Control # Date Description
Realized Loss Detail
Beginning
Dist. Disclosure Appraisal Appraisal Scheduled
Gross
Date Control # Date Value Balance
Proceeds
6/25/97 6/14/46 42,409.01
6/25/97 9/16/78 78,676.90
6/25/97 3/22/94 65,963.36
6/25/97 4/27/38 29,962.78
6/25/97 4/22/03 50,479.41
7/25/97 3/15/87 36,892.41
36,944.85
8/25/97 10/11/37 54,490.06
57,115.90
8/25/97 11/4/22 20,737.45
18,830.43
8/25/97 10/5/36 49,028.19
47,915.91
8/25/97 10/26/86 65,831.14
67,007.96
8/25/97 2/26/94 54,413.47
60,190.42
10/27/97 8/12/40 65,809.05
64,994.58
10/27/97 4/22/99 50,543.16
51,894.16
10/27/97 9/7/92 76,934.27
64,634.18
11/25/97 9/22/29 45,737.90
38,212.28
11/25/97 6/9/81 4,152.22
4,431.74
Current Total
42,644.02
Cumulative
512,172.41
Gross ProceedAggregate Net Net Proceeds
Dist. as a % of Liquidation Liquidation as a % of
Realized
Date Sched PrincipExpenses * Proceeds Sched.
BalanceLoss
6/25/97 0.000% 33,259 78.43%
9,149.69
6/25/97 0.000% 69,080 87.80%
9,596.33
6/25/97 0.000% 51,894 78.67%
14,068.79
6/25/97 0.000% 29,712 99.16%
250.38
6/25/97 0.000% 49,721 98.50%
757.52
7/25/97 100.142% 21,009 56.95%
15,882.80
8/25/97 104.819% 46,587 85.50%
7,902.45
8/25/97 90.804% 15,139 73.01%
5,597.56
8/25/97 97.731% 35,860 73.14%
13,167.77
8/25/97 101.788% 53,797 81.72%
12,033.45
8/25/97 110.617% 36,652 67.36%
17,761.15
10/27/97 98.762% 41,357 62.84%
24,451.44
10/27/97 102.673% 40,711 80.55%
9,831.80
10/27/97 84.012% 47,438 61.66%
29,495.63
11/25/97 83.546% 21,323 46.62%
24,414.63
11/25/97 106.732% 3,75 90.51%
393.94
Current Total 25,081.55
24,808.57
Cumulative 597,305.45
194,755.33
*Aggregate liquidatin expenses also inclue outstanding P&I
advances and unpaid servicing fees, unpaid trustee fees,
etc..
