I. INPUTS
ORIGINAL DEAL PARAMETERS
(A) Initial Pool Principal Balance "$194,306,447.89 "
(B) Initial Certificates Principal Balance "$194,306,447.00 "
(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) Credit Enhancement
(i) Reserve Fund Initial Deposit Percentage 2.00%
(ii) Target Overcollateralization Percentage Prior to Crossover Date 2.00%
(iii) Target Overcollateralization Percentage After Crossover Date 3.50%
(iv) Target Overcollateralization Floor 1.00%
(v) Reserve Fund Target % 2.25%
(vi) Target Credit Enhancement % Prior to Crossover Date 4.25%
(vii) Target Credit Enhancement % After Crossover Date 7.44%
(viii) Target Credit Enhancement Floor 1.00%
(ix) Target Credit Enhancement Amount "$8,258,024.04 "
(Q) Crossover Date Test
(i) Earliest Crossover Date Feb-2003
(ii) Percentage (as Percent of Initial Class Subordination 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 "$194,096,093.62 "
(B) Total Certificate Principal Balance 148801647.71 "$193,493,094.71 "
(C) Class A-1 Certificates
(i) Principal Balance "$41,126,647.71 "
(ii) Pool Factor 0.9806068
(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 "$8,744,447.00 "
(ii) Pool Factor 1.0000000
(iii) Adjusted Certificate Principal Balance "$8,744,447.00 "
(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) Current Overcollateralization Amount "$602,998.02 "
(M) Cumulative Realized Losses $0.00
(N) Current Realized Loss Ratio for Preceding Period 0.00%
(O) Sixty Day Delinquency Ratio for Preceding Period 0.07%
(P) Sixty Day Delinquency Ratio for Second Preceding Period 0.00%
(Q) Thirty Day Delinquency Ratio for Preceding Period 2.95%
(R) Thirty Day Delinquency Ratio for Second Preceding Period 0.00%
(S) Prior Month Weighted Average Coupon (WAC) 10.44%
(T) Prior Month Weighted Average Remaining Maturity (WAM) 307.47 months
(U) Prior Month Number of Receivables "5,907 "
(V) Early Principal Collections 4304.82
(W) Early Interest Collections 35230.40
C. INPUTS FROM THE MAINFRAME
|
(A) Principal
(i) Scheduled Principal Collections "$151,278.47 "
(ii) Full and Partial Principal Prepayments "$134,002.00 "
(iii) Early Principal Collections "$5,080.70 "
(iv) Repurchased Loan Proceeds Attributable to Principal $0.00
(v) Other Principal Amounts $0.00
(B) Interest
(i) Scheduled Interest Collections "$1,544,760.04 "
(ii) Early Interest Collections "$46,215.43 "
(iii) Repurchased Loan Proceeds Attributable to Interest $0.00
(C) Ending Pool Balance "$193,806,923.68 "
(D) Weighted Average Coupon (WAC) 10.44%
(E) Weighted Average Remaining Maturity (WAM) 306.39 months
(F) Number of Receivables Outstanding "5,904 "
(G) Delinquent Receivables at End of Due Period :
Percent of Percent of
Principal Balance Pool Balance Units Total Units
(i) 30-59 Days Delinquent 5,731,436 2.96% 164 2.78%
(ii) 60-89 Days Delinquent 1,809,193 0.93% 53 0.90%
(iii) 90 Days or More Delinquent 66,829 0.03% 1 0.02%
(iv) Homes Repossed or Foreclosed Upo 157,564 0.08% 6 0.10%
| |
D. INPUTS DERIVED FROM OTHER SOURCES
| |
(A) Reserve Fund Investment Income "$15,558.99 "
(E) Certificate Account Investment Income "$6,500.12 "
(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) Early Principal Payments Applied to Current Period "$3,889.47 "
(I) Early Interest Payments Applied to Current Period "$32,607.53 "
(J) Early Principal Payments Applied to Future Period "$5,496.05 "
(K) Early Interest Payments Applied to Future Period "$48,838.30 "
(L) Servicer Advances: Principal "$53,030.92 "
(M) Servicer Advances: Interest "$941,229.36 "
(N) Reimbursement of Prior Advances "$867,189.34 "
(O) Reimbursement of Liquidation Expenses on Previously Liquidated Contracts
$0.00
(P) Reimbursements to Depositor $0.00
(Q) "Late Payment Fees, Extension Fees and Other Permitted Fees " $0.00
(R) Aggregate Repossession Profits $0.00
(S) Other Permitted Withdrawals from Certificate Account $0.00
(T) Current Realized Loss Ratio 0.00%
(U) Current Distribution Date 3/16/98
II. CLASS B PRINCIPAL DISTRIBUTION TESTS
Test Ratio Actual Ratio Result
(A) Average Sixty-Day Delinquency Ratio (over three periods)
5.00% 0.35% Pass
(B) Average Thirty-Day Delinquency Ratio (over three periods)
7.00% 2.29% 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 "$1,577,367.57 "
(B) Servicer Advances "$941,229.36 "
(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 "$22,059.11 "
(G) Total Interest Collections (A+B+C+D+E+F) "$2,540,656.04 "
Principal:
(H) Principal Payments Received (scheduled and unscheduled) "$289,169.94
(I) Servicer Advances "$53,030.92 "
(J) Liquidation Proceeds Related to Principal $0.00
(K) Repurchased Loan Proceeds Related to Principal $0.00
(L) Other Principal Amounts $0.00
(M) Total Principal Collections (H+I+J+K) "$342,200.86 "
IV. DISTRIBUTION CALCULATIONS
(A) Total Cash Collections "$2,882,856.90 "
(B) Monthly Servicing Fee "$161,746.74 "
(C) Aggregate Repossession Profits $0.00
(D) Reimbursements to Servicer "$867,189.34 "
(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) $1,853,920.82
(J) Total Principal Collections and Advances $342,200.86
(K) Net Liquidation Losses (Realized Losses) $0.00
(L) Overcollaterallization Addition Amount "$441,303.63
(M) Overcollaterallization Reduction Amount $0.00
(N) Formula Principal Distribution Amount $783,504.49
(M) Interest Accrual Period 30 days
(N) Total Class A Certificates Monthly Interest Due "$791,742.25 "
(O) Total Class A Certificates Monthly Interest Paid $791,742.25
(P) Total Monthly Interest Due "$1,070,416.32
(Q) Total Monthly Interest Paid "$1,070,416.32
(R) Excess Interest or (Interest Shortfall) "$1,470,239.72 "
(S) Class A/M Percentage 85.43904%
(T) Class B Percentage 14.56096%
(U) Has the Cross-Over Date Occurred? No
(V) Have the Principal Distribution Tests Been Satisfied? Yes
(W) Has a Dificiency Event Occurred? No
(X) Should Principal Be Distributed to the Subordinated 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 $783,504.49
(AA) Class A Certificates Formula Principal Distribution Amount $783,504.49
(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 "$783,504.49 "
(HH) Total Class A Certificates Monthly Principal Paid "$783,504.49 "
(II) Total Monthly Principal Due "$783,504.49 "
(JJ) Total Monthly Principal Paid "$783,504.49 "
V. DISTRIBUTIONS
(A) Class A-1 Certifcates Monthly Interest & Interest Shortfall
(i) Interest Due "$212,144.96 "
(ii) Interest Paid "$212,144.96 "
(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 "$63,397.24 "
(ii) "Interest Paid (after reserve account draw, if any)" $ 63,397.24
(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 "$783,504.49 "
(iii) Certificate Principal Paid 7 "$3,886,128.96 " "$783,504.49 "
(iv) Certificate Principal Shortfall $0.00
(O) Class A-2 Certificates Monthly Principal
(i) Formula Principal Distribution Amount $0.00
(iii) Certificate Principal Paid 8 "$3,886,128.96 " $0.00
(iv) Certificate Principal Shortfall $0.00
(P) Class A-3 Certificates Monthly Principal
(i) Formula Principal Distribution Amount $0.00
(iii) Certificate Principal Paid 9 "$3,886,128.96 " $0.00
(iv) Certificate Principal Shortfall $0.00
(Q) Class A-4 Certificates Monthly Principal
(i) Formula Principal Distribution Amount $0.00
(iii) Certificate Principal Paid 10 "$3,886,128.96 " $0.00
(iv) Certificate Principal Shortfall $0.00
(R) Class A-5 Certificates Monthly Principal
(i) Formula Principal Distribution Amount $0.00
(iii) Certificate Principal Paid 11 "$3,886,128.96 " $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 13 "$3,886,128.96 " $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 15 "$3,886,128.96 " $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) Accelerated Principal Distribution - A1 "$441,303.63 "
(CC)) Accelerated Principal Distribution - A2 $0.00
(DD) Accelerated Principal Distribution - A3 $0.00
(EE) Accelerated Principal Distribution - A4 $0.00
(FF) Accelerated Principal Distribution - A5 $0.00
(GG) Reserve Fund Deposit Amount $0.00
(HH) 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
X. MONTHLY REPORT Denomination Per $1,00
(A) Total Distribution Amount
(i) Class A-1 Certificates $995,649.45 $23.74
(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 $63,397.24 $7.25
(ix) Class X Certificates $0.00
(B) Formula Principal Distribution Amount Paid
(i) Class A-1 Certificates $783,504.49 $18.68
(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 $212,144.96 $5.06
(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 $63,397.24 $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 $40,343,143.22 $961.93
(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 $8,744,447.00 $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 $1,000.0
(iii) Class B-2 Certificates $8,744,447.00 $1,000.0
(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 $193,493,094.71 $192,709,590.22
(ii) Total Certificate Pool Factor 0.9958141 0.9917818
(iii) Class A-1 Certificates Balance $41,126,647.71 $40,343,143.22
(iv) Class A-1 Certificates Pool Factor 0.9806068 0.9619252
(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 $8,744,447.00 $8,744,447.00
(xviii) Class B-2 Certificates Pool Factor 1.0000000 1.0000000
(M) Portfolio Information
(i) Pool Principal Balance $194,096,093.62 $193,806,923.68
(ii) Pool Factor 0.9989174 0.99742919
(iii) Weighted Average Coupon (WAC) 10.44% 10.44%
(iv) Weighted Average Remaining Maturity (WAM)
307.47 months 306.39 months
(v) Remaining Number of Receivables 5,907 5,904
(N) Credit Enhancement
(i) O/C Beginning Balance "$602,998.02 "
(ii) O/C Additions "$441,303.63 "
(iii) O/C Reductions
(iv) O/C Ending Balance "$1,044,301.65 "
(O) Reserve Fund
(i) Beginning Balance "$3,886,128.96 "
(ii) Additions
(iii) Reductions
(iv) Ending Balance "$3,886,128.96 "
(R) Fee Payments
(i) Monthly Servicing Fee "$161,746.74 "
(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 $5,731,436.00 2.96% 164 2.78%
(ii) 60-89 Days Delinquent $1,809,193.00 0.93% 53 0.90%
(iii) 90 Days or More Delinquent $66,829.00 0.03% 1 0.02%
(iv) Homes Repossessed or Foreclosed Upon
$157,564.00 0.08% 6 0.10%