Via EDGAR Transmission
26-Feb-98
Securities and Exchange Commission
Judiciary Plaza
"450 Fifth Street, N.W."
"Washington, D.C. 20549-1004"
RE: Bombardier Capital Mortgage Securitization Corporation:
BCMSC Trust 1998-A
Ladies and Gentlemen:
On behalf ofBombardier Capital Mortgage Securitization Corporation
"(The ""Registrant""), we hereby file with the Commission a "
"Current Report on Form 8-K (The ""Report"") on behalf of the "
BCMSC Trust 1998-A and deliver to you
herewith the following documents:
"One copy of the Report, including the exhibit being filed therewith,"
together with an exhibit index:
Please acknowledge receipt and filing of this letter to
Bombardier Capital Mortgage Securitization Corporation:
"1600 Mountain View Drive, Colchester, VT 05446."
"Very truly yours,"
/s/
Blaine Filthaut
Bombardier Capital Mortgage Securitization Corporation:
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): February 17, 1998"
BOMBARDIER CAPITAL MORTGAGE SECURITIZATION CORPORATION
(Depositor)
(Exact name of registrant as specified in its charter)
on behalf of
BCMSC Trust Series 1998-A
Delaware 333-40113 03-0355080
(State or other jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification
No.)
"1600 Mountain View Drive, Colchester, Vermont 05446 "
(Address of principal executive offices) (ZIP code)
"Registrant's telephone number, including area code: (802) 654-7200"
Page 1 of 9
Exhibit Index Appears on Page 4
<PAGE>
Item 5. Other Event
Information concerning interest and principal distributions made on the
Certificates
Certificates) of the BCMSC Trust Series 1998-A
"on February 17, 1998 is contained in the Distribution Date"
Statement provided to each holder of the Certificates. Such
Distribution Date Statement is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.
Item 7. Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits:
99.1. Distribution Date Statement relating to interest and
prinicipal
" distributions made on February 17, 1998 on the Series 1998-A
Certificates"
<PAGE>
SIGNATURE
"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 on the date indicated."
BOMBARDIER CAPITAL MORTGAGE SECURITIZATION CORPORATION
BY: _____________________________ /s/
Name: Blaine H. Filthaut
Title: Vice President
"Dated: February 26,1998"
<PAGE>
EXHIBIT INDEX
Exhibit No. Page # Description
. INPUTS |
| |
A. ORIGINAL DEAL PARAMETERS
(A) Initial Pool Principal Balance "$194,306,447.89 "
(B) Initial Certificates Principal Balance "$194,306,447.89 "
(C) Class A-1 Certificates | |
(i) Initial Certificate Percentage 21.58% |
(ii) Initial Certificate Principal Balance "$41,940,000.00 "
(iii) Pass-Through Rate 6.19% |
(D) Class A-2 Certificates |
(i) Initial Certificate Percentage 14.80% |
(ii) Initial Certificate Principal Balance "$28,750,000.00 "
(iii) Pass-Through Rate 6.13% |
(E) Class A-3 Certificates | |
(i) Initial Certificate Percentage 13.46% |
(ii) Initial Certificate Principal Balance "$26,150,000.00 "
(iii) Pass-Through Rate 6.23% | |
(F) Class A-4 Certificates
(i) Initial Certificate Percentage 13.24%
(ii) Initial Certificate Principal Balance "$25,720,000.00 "
(iii) Pass-Through Rate 6.65%
(G) Class A-5 Certificates
(i) Initial Certificate Percentage 13.92%
(ii) Initial Certificate Principal Balance "$27,055,000.00 "
(iii) Pass-Through Rate 6.85%
(H) Class M Certificates
(i) Initial Certificate Percentage 8.50%
(ii) Initial Certificate Principal Balance "$16,517,000.00 "
(iii) Pass-Through Rate 6.90%
(I) Class B-1 Certificates | |
(i) Initial Certificate Percentage 10.00% |
(ii) Initial Certificate Principal Balance "$19,430,000.00 "
(iii) Pass-Through Rate 7.43% | |
(J) Class B-2 Certificates
(i) Initial Certificate Percentage 4.50%
(ii) Initial Certificate Principal Balance "$8,744,447.00 "
(iii) Pass-Through Rate 8.70%
(K) Servicing Fee Rate 1.00% | |
(L) Weighted Average Coupon (WAC) 10.44% |
(M) Weighted Average Original Maturity (WAOM) 310.00 months
(N) Weighted Average Remaining Maturity (WAM) 308.00 months
(O) Number of Receivables "5,909 " |
(P) Reserve Fund | |
(i) Reserve Fund Initial Deposit Percentage 2.00%
(ii) Target Overcollateralization Percentage 2.00%
(iii) Target Credit Enhancement 4.25% |
(iii) Target Credit Enhancement Amount "$8,258,024.04 "
(Q) Class B Crossover Date Test
(i) Class B Earliest Crossover Date Feb-2003
(ii) Class B Percentage (as Percent of Initial Class B Percentage) 175%
(R) Class B-2 Floor Percentage (of Initial Pool Balance) 2.96%
B. INPUTS FROM PREVIOUS MONTHLY SERVICER REPORTS |
(A) Pool Principal Balance "$194,306,448.00 " |
(B) Total Certificate Principal Balance "$194,306,448.00 "
(C) Class A-1 Certificates | |
(i) Principal Balance "$41,940,000.00 " |
(ii) Pool Factor 1.0000000 |
(iii) Unpaid Certificate Principal Shortfall $0.00
(iv) Unpaid Interest Shortfall $0.00
(D) Class A-2 Certificates | |
(i) Principal Balance "$28,750,000.00 " |
(ii) Pool Factor 1.0000000 |
(iii) Unpaid Certificate Principal Shortfall $0.00
(iv) Unpaid Interest Shortfall $0.00
(E) Class A-3 Certificates | |
(i) Principal Balance "$26,150,000.00 " |
(ii) Pool Factor 1.0000000 | |
(iii) Unpaid Certificate Principal Shortfall $0.00
(iv) Unpaid Interest Shortfall $0.00
(F) Class A-4 Certificates
(i) Principal Balance "$25,720,000.00 "
(ii) Pool Factor 1.0000000
(iii) Unpaid Certificate Principal Shortfall $0.00
(iv) Unpaid Interest Shortfall $0.00
(G) Class A-5 Certificates
(i) Principal Balance "$27,055,000.00 "
(ii) Pool Factor 1.0000000
(iii) Unpaid Certificate Principal Shortfall $0.00
(iv) Unpaid Interest Shortfall $0.00
(H) Class M Certificates
(i) Principal Balance "$16,517,000.00 "
(ii) Pool Factor 1.0000000
(iii) Adjusted Certificate Principal Balance "$16,517,000.00 "
(iv) Liquidation Loss Amount $0.00
(v) Unpaid Certificate Principal Shortfall $0.00
(vi) Unpaid Interest Shortfall $0.00
(vii) Unpaid Liquidation Loss Interest Shortfall $0.00
(I) Class B-1 Certificates
(i) Principal Balance "$19,430,000.00 " |
(ii) Pool Factor 1.0000000 | |
(iii) Adjusted Certificate Principal Balance "$19,430,000.00 "
(iv) Liquidation Loss Amount $0.00
(v) Unpaid Certificate Principal Shortfall $0.00
(vi) Unpaid Interest Shortfall $0.00
(vii) Unpaid Liquidation Loss Interest Shortfall $0.00
(J) Class B-2 Certificates
(i) Principal Balance "$8,744,448.00 "
(ii) Pool Factor 1.0000001
(iii) Adjusted Certificate Principal Balance "$8,744,448.00 "
(iv) Liquidation Loss Amount $0.00
(v) Unpaid Certificate Principal Shortfall $0.00
(vi) Unpaid Interest Shortfall $0.00
(vii) Unpaid Liquidation Loss Interest Shortfall $0.00
(K) Reserve Fund Balance "$3,886,128.96 " |
(L) Cumulative Realized Losses $0.00 |
(M) Current Realized Loss Ratio for Preceding Period 0.00%
(N) Sixty Day Delinquency Ratio for Preceding Period 0.00%
(O) Sixty Day Delinquency Ratio for Second Preceding Period 0.00%
(P) Thirty Day Delinquency Ratio for Preceding Period 0.00%
(Q) Thirty Day Delinquency Ratio for Second Preceding Period 0.00%
(R) Prior Month Weighted Average Coupon (WAC) 10.44%
(S) Prior Month Weighted Average Remaining Maturity (WAM) 308.00 months
(T) Prior Month Number of Receivables "5,909 " |
C. INPUTS FROM THE MAINFRAME
| | |
(A) Principal | | |
(i) Scheduled Principal Collections "$152,457.08 "
(ii) Full and Partial Principal Prepayments "$57,897.19 "
(iii) Repurchased Loan Proceeds Attributable to Principal $0.00
(iv) Other Principal Amounts $0.00
(B) Interest | |
(i) Interest Collections "$1,565,832.91 " |
(ii) Repurchased Loan Proceeds Attributable to Interest $0.00
(C) Ending Scheduled Outstanding Pool Balance "$194,141,499.99 "
(D) Weighted Average Coupon (WAC) 10.44% |
(E) Weighted Average Remaining Maturity (WAM) 307.47 months
(F) Number of Receivables Outstanding "5,907 "
(G) Delinquent Receivables at End of Due Period :
Percent of Percent of
Principal Balance Pool Balance Units Total Units
(i) 30-59 Days Delinquent "5,731,216 " 2.95% 176 2.98%
(ii) 60-89 Days Delinquent "142,198 " 0.07% 3 0.05%
(iii) 90 Days or More Delinquent 0.00% 0.00%
(iv) Homes Repossessed or Foreclosed Upon
"27,362 " 0.01% 1 0.02%
| | |
D. INPUTS DERIVED FROM OTHER SOURCES |
| | |
(A) Reserve Fund Investment Income "$5,077.35 " |
(E) Certificate Account Investment Income "$1,016.22 "
(F) Liquidated Contracts | |
(i) Liquidation Proceeds Attributable to Principal $0.00
(ii) Liquidation Proceeds Attributable to Interest $0.00
(iii) Net Liquidation Losses (Realized Losses) $0.00
(iv) Recoveries on Previously Liquidated Contracts $0.00
(G) Repurchased Contracts
(i) Number of Contracts 0
(ii) Repurchase Price of Contracts $0.00
(H) Servicer Advances: Actuarial Contracts "$867,189.34 "
(I) Servicer Advances: Simple Interest Contracts $0.00
(J) Reimbursement of Prior Advances "$599,583.90 "
(K) Reimbursement of Liquidation Expenses on Previously Liquidated Contracts
$0.00
(L) Reimbursements to Depositor (PSA 8.06) $0.00
(M) "Late Payment Fees, Extension Fees and Other Permitted Fees (PSA 5.13)"
$0.00 | | |
(N) Aggregate Repossession Profits $0.00
(O) Other Permitted Withdrawals from Certificate Account (PSA 6.02) $0.00
(P) Current Realized Loss Ratio 0.00%
(Q) Current Distribution Date 2/17/98
II. CLASS B PRINCIPAL DISTRIBUTION TESTS
Test Ratio Actual Ratio Result
(A) Average Sixty-Day Delinquency Ratio (over three periods)
5.00% 0.02% Pass
(B) Average Thirty-Day Delinquency Ratio (over three periods)
7.00% 1.01% Pass
(C) Cumulative Realized Loss Ratio $- 7.00% 0.00% Pass
(D) Current Realized Loss Ratio 2.75% 0.00% Pass
III. COLLECTION CALCULATIONS
Interest:
(A) Interest Collections "$1,565,832.91 "
(B) Servicer Advances Net of Interest Earned on Investments "$867,189.34 "
(C) Liquidation Proceeds Attributable to Interest $0.00
(D) Repurchased Loan Proceeds Attributable to Interest $0.00
(E) Recoveries on Previously Liquidated Contracts $0.00
(F) Investment Income from Trust Accounts "$6,093.57 "
(G) Total Interest Collections (A+B+C+D+E+F) "$2,439,115.82 "
Principal:
(H) Principal Payments Received (scheduled and unscheduled) "$210,354.27 "
(I) Liquidation Proceeds Related to Principal $0.00
(J) Repurchased Loan Proceeds Related to Principal $0.00
(K) Other Principal Amounts $0.00
(L) Total Principal Collections (H+I+J+K) "$210,354.27 "
IV. DISTRIBUTION CALCULATIONS
(A) Total Cash Collections "$2,649,470.09 "
(B) Monthly Servicing Fee "$161,922.04 "
(C) Aggregate Repossession Profits $0.00
(D) Reimbursements to Servicer "$599,583.90 "
(E) Reimbursements to Depositor $0.00
(F) "Late Payment Fees, Extension Fees and Other Permitted Fees" $0.00
(G) Other Permitted Withdrawals from Certificate Account $0.00
(H) Reserve Fund Draw $0.00
(I) Available Distribution Amount (A-B-C-D-E-F-G+H) "$1,887,964.15 "
(J) Total Principal Collections "$210,354.27 "
(K) Net Liquidation Losses (Realized Losses) $0.00
(L) Formula Principal Distribution Amount "$210,354.27 "
(M) Interest Accrual Period 30 days
(N) Total Class A Certificates Monthly Interest Due "$795,937.79 "
(O) Total Class A Certificates Monthly Interest Paid "$795,937.79 "
(P) Total Monthly Interest Due "$1,074,611.87 "
(Q) Total Monthly Interest Paid "$1,074,611.87 "
(R) Excess Interest or (Interest Shortfall) "$1,364,503.95 "
(S) Class A/M Percentage 85.49999%
(T) Class B Percentage 14.50001%
(U) Has the Class B Cross-Over Date Occurred? No
(V) Have the Class B Principal Distribution Tests Been Satisfied? Yes
(W) Has a Dificiency Event Occurred? No
(X) Should Principal Be Distributed to the Class B Certificates? No
(Y) Class B-2 Floor Amount (prior to giving effect to distributions
of principal) "$5,751,470.86 "
(Z) Class A/M Certificates Formula Principal Distribution Amount
"$210,354.27 "
(AA) Class A Certificates Formula Principal Distribution Amount "$210,354.27 "
(BB) Class M Certificates Formula Principal Distribution Amount $0.00
(CC) Total Class A Unpaid Certificate Principal Shortfall Due $0.00
(DD) Total Class A Unpaid Certificate Principal Shortfall Paid $0.00
(EE) Total Unpaid Certificate Principal Shortfall Due $0.00
(FF) Total Unpaid Certificate Principal Shortfall Paid $0.00
(GG) Total Class A Certificates Monthly Principal Due "$210,354.27 "
(HH) Total Class A Certificates Monthly Principal Paid "$813,352.28 "
(II) Total Monthly Principal Due "$210,354.27 "
(JJ) Total Monthly Principal Paid "$813,352.28 "
V. DISTRIBUTIONS
(A) Class A-1 Certifcates Monthly Interest & Interest Shortfall
(i) Interest Due "$216,340.50 "
(ii) Interest Paid "$216,340.50 "
(iii) Interest Shortfall $0.00
(B) Class A-2 Certifcates Monthly Interest & Interest Shortfall
(i) Interest Due "$146,864.58 "
(ii) Interest Paid "$146,864.58 "
(iii) Interest Shortfall $0.00
(C) Class A-3 Certifcates Monthly Interest & Interest Shortfall
(i) Interest Due "$135,762.08 "
(ii) Interest Paid "$135,762.08 "
(iii) Interest Shortfall $0.00
(D) Class A-4 Certifcates Monthly Interest & Interest Shortfall
(i) Interest Due "$142,531.67 "
(ii) Interest Paid "$142,531.67 "
(iii) Interest Shortfall $0.00
(E) Class A-5 Certifcates Monthly Interest & Interest Shortfall
(i) Interest Due "$154,438.96 "
(ii) Interest Paid "154,438.96 "
(iii) Interest Shortfall $0.00
(F) Class M Certifcates Monthly Interest & Interest Shortfall
(i) Interest Due "$94,972.75 "
(ii) "Interest Paid (after reserve account draw, if any)" 94,972.75 "
(iii) Interest Shortfall $0.00
(G) Class B-1 Certifcates Monthly Interest & Interest Shortfall
(i) Interest Due "$120,304.08 "
(ii) "Interest Paid (after reserve account draw, if any)" $120,304.08 "
(iii) Interest Shortfall $0.00
(H) Class B-2 Certifcates Monthly Interest & Interest Shortfall
(i) Interest Due "$63,397.25 "
(ii) "Interest Paid (after reserve account draw, if any)" $63,397.25 "
(iii) Interest Shortfall $0.00
(I) Class A-1 Unpaid Certficate Principal Shortfall
(i) Shortfall Due $0.00
(ii) Shortfall Paid $0.00
(iii) Shortfall Outstanding $0.00
(J) Class A-2 Unpaid Certficate Principal Shortfall
(i) Shortfall Due $0.00
(ii) Shortfall Paid $0.00
(iii) Shortfall Outstanding $0.00
(K) Class A-3 Unpaid Certficate Principal Shortfall
(i) Shortfall Due $0.00
(ii) Shortfall Paid $0.00
(iii) Shortfall Outstanding $0.00
(L) Class A-4 Unpaid Certficate Principal Shortfall
(i) Shortfall Due $0.00
(ii) Shortfall Paid $0.00
(iii) Shortfall Outstanding $0.00
(M) Class A-5 Unpaid Certficate Principal Shortfall
(i) Shortfall Due $0.00
(ii) Shortfall Paid $0.00
(iii) Shortfall Outstanding $0.00
(N) Class A-1 Certificates Monthly Principal
(i) Formula Principal Distribution Amount "$210,354.27 "
(ii) Accelerated Principal "$602,998.01 "
(iii) Certificate Principal Paid $813,352.28 "
(iv) Certificate Principal Shortfall $0.00
(O) Class A-2 Certificates Monthly Principal
(i) Formula Principal Distribution Amount $0.00
(ii) Accelerated Principal
(iii) Certificate Principal Paid $0.00
(iv) Certificate Principal Shortfall $0.00
(P) Class A-3 Certificates Monthly Principal
(i) Formula Principal Distribution Amount $0.00
(ii) Accelerated Principal
(iii) Certificate Principal Paid $0.00
(iv) Certificate Principal Shortfall $0.00
(Q) Class A-4 Certificates Monthly Principal
(i) Formula Principal Distribution Amount $0.00
(ii) Accelerated Principal
(iii) Certificate Principal Paid $0.00
(iv) Certificate Principal Shortfall $0.00
(R) Class A-5 Certificates Monthly Principal
(i) Formula Principal Distribution Amount $0.00
(ii) Accelerated Principal
(iii) Certificate Principal Paid $0.00
(iv) Certificate Principal Shortfall $0.00
(S) Class M Unpaid Certficate Principal Shortfall
(i) Shortfall Due $0.00
(ii) Shortfall Paid 12 "$3,886,128.96 " $0.00
(iii) Shortfall Outstanding $0.00
(T) Class M Certificates Monthly Principal
(i) Formula Principal Distribution Amount $0.00
(ii) Certificate Principal Paid $0.00
(iii) Certificate Principal Shortfall $0.00
(U) Class M Liquidation Loss Interest Amount & Unpaid Liquidation Loss
Interest Shortfall
(i) Interest Due $0.00
(ii) "Interest Paid (after reserve account draw, if any)" $0.00
(iii) Interest Shortfall $0.00
(V) Class B-1 Unpaid Certficate Principal Shortfall
(i) Shortfall Due $0.00
(ii) Shortfall Paid $0.00
(iii) Shortfall Outstanding $0.00
(W) Class B-1 Certificates Monthly Principal
(i) Formula Principal Distribution Amount $0.00
(ii) Certificate Principal Paid $0.00
(iii) Certificate Principal Shortfall $0.00
(X) Class B-1 Liquidation Loss Interest Amount & Unpaid Liquidation Loss
Interest Shortfall
(i) Interest Due $0.00
(ii) "Interest Paid (after reserve account draw, if any)" $0.00
(iii) Interest Shortfall $0.00
(Y) Class B-2 Unpaid Certficate Principal Shortfall
(i) Shortfall Due $0.00
(ii) Shortfall Paid $0.00
(iii) Shortfall Outstanding $0.00
(Z) Class B-2 Certificates Monthly Principal
(i) Formula Principal Distribution Amount $0.00
(ii) Certificate Principal Paid $0.00
(iii) Certificate Principal Shortfall $0.00
(AA) Class B-2 Liquidation Loss Interest Amount & Unpaid Liquidation Loss
Interest Shortfall
(i) Interest Due $0.00
(ii) "Interest Paid (after reserve account draw, if any)" $0.00
(iii) Interest Shortfall $0.00
(BB) O/C Reserve Deposit $0.00
(CC)) Cash Reserve Fund Deposit Amount $0.00
(DD) Release to Class X Certificates $0.00
VI. RECONCILIATION OF RESERVE FUND
(A) Beginning Cash Reserve Fund Balance "$3,886,128.96 "
(B) Reserve Fund Draw for Distributions $0.00
(C) Excess Interest Deposit to Reserve Fund $0.00
(D) Reserve Fund Balance Prior to Release "$3,886,128.96 "
(E) Specified Reserve Fund Balance "$3,886,128.96 "
(F) Reserve Fund Release $0.00
(G) Ending Reserve Fund Balance "$3,886,128.96 "
VII. RECONCILIATION OF CLASS M LIQUIDITY ACCOUNT
VIII. RECONCILIATION OF CLASS B-1 LIQUIDITY ACCOUNT
IX. RECONCILIATION OF CLASS B-2 LIQUIDITY ACCOUNT
X. MONTHLY REPORT (PSA 7.01) "Per $1,000" Denomination
(A) Total Distribution Amount
(i) Class A-1 Certificates "$1,029,692.78 " $24.55
(ii) Class A-2 Certificates "$146,864.58 " $5.11
(iii) Class A-3 Certificates "$135,762.08 " $5.19
(iv) Class A-4 Certificates $142,531.67 " $5.54
(v) Class A-5 Certificates "$154,438.96 " $5.71
(vi) Class M Certificates "$94,972.75 " $5.75
(vii) Class B-1 Certificates "$120,304.08 " $6.19
(viii) Class B-2 Certificates "$63,397.25 " $7.25
(ix) Class X Certificates $0.00
(B) Formula Principal Distribution Amount Paid
(i) Class A-1 Certificates "$813,352.28 " $19.39
(ii) Class A-2 Certificates $0.00 $0.00
(iii) Class A-3 Certificates $0.00 $0.00
(iv) Class A-4 Certificates $0.00 $0.00
(v) Class A-5 Certificates $0.00 $0.00
(vi) Class M Certificates $0.00 $0.00
(vii) Class B-1 Certificates $0.00 $0.00
(viii) Class B-2 Certificates $0.00 $0.00
(C) Unpaid Certificate Principal Shortfall Paid
(i) Class A-1 Certificates $0.00 $0.00
(ii) Class A-2 Certificates $0.00 $0.00
(iii) Class A-3 Certificates $0.00 $0.00
(iv) Class A-4 Certificates $0.00 $0.00
(v) Class A-5 Certificates $0.00 $0.00
(vi) Class M Certificates $0.00 $0.00
(vii) Class B-1 Certificates $0.00 $0.00
(viii) Class B-2 Certificates $0.00 $0.00
(D) Unpaid Certificate Principal Shortfall Remaining (after giving effect to
distributions)
(i) Class A-1 Certificates $0.00 $0.00
(ii) Class A-2 Certificates $0.00 $0.00
(iii) Class A-3 Certificates $0.00 $0.00
(iv) Class A-4 Certificates $0.00 $0.00
(v) Class A-5 Certificates $0.00 $0.00
(vi) Class M Certificates $0.00 $0.00
(vii) Class B-1 Certificates $0.00 $0.00
(viii) Class B-2 Certificates $0.00 $0.00
(E) Liquidation Write-Downs (after giving effect to distributions)
(i) Class M Certificates $0.00 $0.00
(ii) Class B-1 Certificates $0.00 $0.00
(iii) Class B-2 Certificates $0.00 $0.00
(F) Monthly Interest & Interest Shortfall Paid
(i) Class A-1 Certificates " $216,340.50 " $5.16
(ii) Class A-2 Certificates "$146,864.58 " $5.11
(iii) Class A-3 Certificates "$135,762.08 " $5.19
(iv) Class A-4 Certificates " $142,531.67 " $5.54
(v) Class A-5 Certificates "$154,438.96 " $5.71
(vi) Class M Certificates " $94,972.75 " $5.75
(vii) Class B-1 Certificates "$120,304.08 " $6.19
(viii) Class B-2 Certificates "$63,397.25 " $7.25
"Per $1,000" Denomination
(G) Liquidation Loss Interest & Interest Shortfall Paid
(i) Class M Certificates $0.00 $0.00
(ii) Class B-1 Certificates $0.00 $0.00
(iii) Class B-2 Certificates $0.00 $0.00
(H) Liquidation Loss Interest Shortfall Remaining (after giving effect to
distributions)
(i) Class M Certificates $0.00 $0.00
(ii) Class B-1 Certificates $0.00 $0.00
(iii) Class B-2 Certificates $0.00 $0.00
(I) Certificate Principal Balances (after giving effect to distributions)
(i) Class A-1 Certificates "$41,126,647.72 " $980.61
(ii) Class A-2 Certificates "$28,750,000.00 $1,000.00 "
(iii) Class A-3 Certificates $26,150,000.00 $1,000.00 "
(iv) Class A-4 Certificates $25,720,000.00 $1,000.00 "
(v) Class A-5 Certificates $27,055,000.00 $1,000.00 "
(vi) Class M Certificates $16,517,000.00 $1,000.00 "
(vii) Class B-1 Certificates $19,430,000.00 $1,000.00 "
(viii) Class B-2 Certificates $8,744,448.00 $1,000.00 "
(J) Adjusted Certificate Principal Balances (after giving effect
to distributions)
(i) Class M Certificates $16,517,000.00 $1,000.00 "
(ii) Class B-1 Certificates $19,430,000.00 $1,000.00 "
(iii) Class B-2 Certificates $8,744,448.00 $1,000.00 "
(K) Pass-Through Rates
(i) Class A-1 Certificates 6.19%
(ii) Class A-2 Certificates 6.13%
(iii) Class A-3 Certificates 6.23%
(iv) Class A-4 Certificates 6.65%
(v) Class A-5 Certificates 6.85%
(vi) Class M Certificates 6.90%
(vii) Class B-1 Certificates 7.43%
(viii) Class B-2 Certificates 8.70%
Beginning of Period End of Period
(L) Certificate Balances and Factors
(i) Aggregate Balance of Certificates $194,306,448.00 $193,493,095.72
(ii) Total Certificate Pool Factor 1.0000000 0.9958141
(iii) Class A-1 Certificates Balance $41,940,000.00 $41,126,647.72
(iv) Class A-1 Certificates Pool Factor 1.0000000 0.9806068
(v) Class A-2 Certificates Balance $28,750,000.00 $28,750,000.00
(vi) Class A-2 Certificates Pool Factor 1.0000000 1.0000000
(vii) Class A-3 Certificates Balance "$26,150,000.00 "$26,150,000.00
(viii) Class A-3 Certificates Pool Factor 1.0000000 1.0000000
(ix) Class A-4 Certificates Balance $25,720,000.00 $25,720,000.00
(x) Class A-4 Certificates Pool Factor 1.0000000 1.0000000
(xi) Class A-5 Certificates Balance $27,055,000.00 $27,055,000.00
(xii) Class A-5 Certificates Pool Factor 1.0000000 1.0000000
(xiii) Class M Certificates Balance $16,517,000.00 $16,517,000.00
(xiv) Class M Certificates Pool Factor 1.0000000 1.0000000
(xv) Class B-1 Certificates Balance $19,430,000.00 $19,430,000.00
(xvi) Class B-1 Certificates Pool Factor 1.0000000 1.0000000
(xvii) Class B-2 Certificates Balance $8,744,448.00 $8,744,448.00
(xviii) Class B-2 Certificates Pool Factor 1.0000001 1.0000001
(M) Portfolio Information
(i) Pool Principal Balance $194,306,448.00 $194,141,499.99
(ii) Pool Factor 1.0000000 0.99915109
(iii) Weighted Average Coupon (WAC) 10.44% 10.44%
(iv) Weighted Average Remaining Maturity (WAM) 308.00 months 307.47 months
(v) Remaining Number of Receivables 5,909.00 5,907.00
(N) Credit Enhancement
(i) O/C Beginning Balance $0.00
(ii) O/C Additions "$602,998.01 "
(iii) O/C Ending Balance "$602,998.01 "
(O) Class M Liquidity Account
(i) Reserve Account Draw $0.00
(ii) Reserve Account Ending Balance $0.00
(P) Class B-1 Liquidity Account
(i) Reserve Account Draw $0.00
(ii) Reserve Account Ending Balance $0.00
(Q) Class B-2 Liquidity Account
(i) Reserve Account Draw $0.00
(ii) Reserve Account Ending Balance $0.00
(R) Fee Payments
(i) Monthly Servicing Fee "$161,922.04 "
(ii) Reimbursements to Depositor (PSA 8.06) $0.00
(iii) "Late Payment Fees, Extension Fees and other Permitted Fees (PSA 5.13)"
$0.00
(S) Repurchased Contracts
(i) Number of Contracts 0
(ii) Repurchase Price of Contracts $0.00
(T) Delinquent Contracts
Percent of Number Percent of
Principal Balance Pool Balance of Units Total Units
(i) 30-59 Days Delinquent $5,731,215.80 2.95% 176 2.98%
(ii) 60-89 Days Delinquent $142,198.48 0.07% 3 0.05%
(iii) 90 Days or More Delinquent $0.00 0.00% 0 0.00%
(iv) Homes Repossessed or Foreclosed Upon
$27,361.97 0.01% 1 0.02%
