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Previous: FVNB CORP, 8-K, 1999-02-03 |
Next: CWMBS INC MORT PASS THROUGH CERT SERIES 1998-4, 8-K, 1999-02-03 |
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):
January 25, 1999
AMRESCO Residential Securities Corporation on behalf of:
AMRESCO Residential Securities Corporation Mortgage Loan Trust
1998-2
(Exact name of registrant as specified in its charter)
New York 333-30759-10 Application Pending
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
Norwest Bank Minnesota,
National Association
Sixth Street and Marquette Avenue 55479-1026
Minneapolis, MN (Zip Code)
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code (612) 667-8058
No Change
(Former name or former address, if changed since last report)
Item 5. Other Events.
Information relating to the distributions to
Certificateholders for the period from December 1, 1998 to
December 31, 1998 (the "Monthly Period") of the AMRESCO
Residential Securities Corporation Mortgage Loan Trust 1998-2
(the "Registrant" or "Trust") in respect of the Mortgage Loan
Asset Backed Certificates, Series 1998-2, Class A (the
"Certificates") issued by the Registrant and the performance of
the Trust (including distributions of principal and interest,
delinquent balances of mortgage loans, and the subordinated
amount remaining), together with certain other information
relating to the Certificates, is contained in the Monthly Report
for the Monthly Period provided to Certificateholders pursuant to
the Pooling and Servicing Agreement dated as of June 1, 1998,
among AMRESCO Residential Securities Corporation in its capacity
as Depositor, AMRESCO Residential Capital Markets, Inc. in its
capacity as the Seller and Master Servicer, Advanta Mortgage
Corp. USA, Ameriquest Mortgage Company and Wendover Financial
Services Corporation as the Servicers and Norwest Bank Minnesota,
National Association, in its capacity as the trustee.
Item 7. Exhibit.
Monthly Report for the Monthly Period relating to the
Certificates issued by the Trust.
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 hereunto duly authorized.
By: AMRESCO Residential Securities Corporation
Mortgage Loan Trust 1998-2
By: /s/Ron B. Kirkland
Name: Ron B. Kirkland
Title: Vice President and
Chief Accounting Officer
Dated: February 3, 1999
<TABLE>
<CAPTION>
AMRESCO Residential Securities Corporation Contact: Customer Service Columbia, MD
Mortgage Pass-Through Certificates Norwest Bank Minnesota, N.A.
Record Date: 31-Dec-1999 Securities Administration Services
Distribution Date: 25-Jan-1999 11000 Broken Land Parkway
Columbia, MD 21044
AMRESCO Series 1998-2 Telephone: (301) 815-6600
Fax: (401) 884-2369
Certificate Holder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
CLASS CUSIP Description Rate Balance Distribution Distribution
Current Ending Cumulative
Realized Certificate Total Realized
Loss Balance Distribution Losses
<S> <C> <C> <C> <C> <C>
A-1 03215PEL9 SEQ 6.50000% 89,047,688.45 482,341.65 8,410,115.81
0.00 80,637,572.64 8,892,457.46 0.00
A-2 03215PEM7 SEQ 6.24500% 61,000,000.00 317,454.17 0.00
0.00 61,000,000.00 317,454.17 0.00
A-3 03215PEN5 SEQ 6.31500% 36,000,000.00 189,450.00 0.00
0.00 36,000,000.00 189,450.00 0.00
A-4 03215PEP0 SEQ 6.44500% 37,000,000.00 198,720.83 0.00
0.00 37,000,000.00 198,720.83 0.00
A-5 03215PEQ8 SEQ 6.80000% 16,000,000.00 90,666.67 0.00
0.00 16,000,000.00 90,666.67 0.00
A-6 03215PER6 SEQ 6.40500% 35,000,000.00 186,812.50 0.00
0.00 35,000,000.00 186,812.50 0.00
A-7 03215PEV7 SEQ 5.66438% 89,330,539.91 393,557.21 18,922,209.73
0.00 70,408,330.18 19,315,766.94 0.00
A-8 03215PEW5 SEQ 5.77938% 315,830,539.91 1,419,681.44 18,922,209.73
0.00 296,908,330.18 20,341,891.17 0.00
M-1F 03215PES4 SUB 6.74500% 19,250,000.00 108,201.04 0.00
0.00 19,250,000.00 108,201.04 0.00
M-1A 03215PEX3 SUB 5.95438% 52,000,000.00 240,821.59 0.00
0.00 52,000,000.00 240,821.59 0.00
M-2F 03215PET2 SUB 7.04000% 15,750,000.00 92,400.00 0.00
0.00 15,750,000.00 92,400.00 0.00
M-2A 03215PEY1 SUB 6.17438% 39,000,000.00 187,289.53 0.00
0.00 39,000,000.00 187,289.53 0.00
B-1F 03215PEU9 SUB 7.71500% 14,000,000.00 90,008.33 0.00
0.00 14,000,000.00 90,008.33 0.00
B-1A 03215PEZ8 SUB 6.77438% 32,500,000.00 171,241.27 0.00
0.00 32,500,000.00 171,241.27 0.00
C-FIO ARS98CFIO IO 15.00000% 0.00 437,500.00 0.00
0.00 0.00 437,500.00 0.00
C-AIO ARS98CAIO IO 6.82000% 0.00 379,267.78 0.00
0.00 0.00 379,267.78 0.00
D ARS98002D IO 0.00000% 0.00 0.00 0.00
0.00 0.00 0.00 0.00
S ARS98002S IO 0.10000% 0.00 40,589.03 0.00
0.00 0.00 40,589.03 0.00
R ARS98002R R 0.00000% 0.00 0.00 0.00
0.00 0.00 0.00 0.00
RL ARS9802RL R 0.00000% 0.00 0.00 0.00
0.00 0.00 0.00
TOTALS 851,708,768.27 5,026,003.04 46,254,535.27
0.00 805,454,233.00 51,280,538.31 0.00
All Distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.
Edward M Frere, Jr.
Vice President, Norwest Bank Minnesota, N.A.
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
CLASS Amount Balance Distribution Distribution Accretion Loss (1)
Total Ending Ending Total
Principal Certificate Certificate Principal
Reduction Balance Percentage Distribution
A-1 116,000,000.00 89,047,688.45 271,423.66 8,138,692.15 0.00 0.00
8,410,115.81 80,637,572.64 0.69515149 8,410,115.81
A-2 61,000,000.00 61,000,000.00 0.00 0.00 0.00 0.00
0.00 61,000,000.00 1.00000000 0.00
A-3 36,000,000.00 36,000,000.00 0.00 0.00 0.00 0.00
0.00 36,000,000.00 1.00000000 0.00
A-4 37,000,000.00 37,000,000.00 0.00 0.00 0.00 0.00
0.00 37,000,000.00 1.00000000 0.00
A-5 16,000,000.00 16,000,000.00 0.00 0.00 0.00 0.00
0.00 16,000,000.00 1.00000000 0.00
A-6 35,000,000.00 35,000,000.00 0.00 0.00 0.00 0.00
0.00 35,000,000.00 1.00000000 0.00
A-7 150,000,000.00 89,330,539.91 155,325.62 18,766,884.11 0.00 0.00
18,922,209.73 70,408,330.18 0.46938887 18,922,209.73
A-8 376,500,000.00 315,830,539.91 155,325.62 18,766,884.11 0.00 0.00
18,922,209.73 296,908,330.18 0.78860114 18,922,209.73
M-1F 19,250,000.00 19,250,000.00 0.00 0.00 0.00 0.00
0.00 19,250,000.00 1.00000000 0.00
M-1A 52,000,000.00 52,000,000.00 0.00 0.00 0.00 0.00
0.00 52,000,000.00 1.00000000 0.00
M-2F 15,750,000.00 15,750,000.00 0.00 0.00 0.00 0.00
0.00 15,750,000.00 1.00000000 0.00
M-2A 39,000,000.00 39,000,000.00 0.00 0.00 0.00 0.00
0.00 39,000,000.00 1.00000000 0.00
B-1F 14,000,000.00 14,000,000.00 0.00 0.00 0.00 0.00
0.00 14,000,000.00 1.00000000 0.00
B-1A 32,500,000.00 32,500,000.00 0.00 0.00 0.00 0.00
0.00 32,500,000.00 1.00000000 0.00
C-FIO 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00000000 0.00
C-AIO 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00000000 0.00
D 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00000000 0.00
S 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00000000 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00000000 0.00
RL 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00000000 0.00
TOTALS 1,000,000,000.00 851,708,768.27 582,074.90 45,672,460.37 0.00 0.00
46,254,535.27 805,454,233.00 0.80545423 46,254,535.27
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud
Losses Unless Otherwise Disclosed. Please Refer to the Prospectus
Supplement for a Full Description.
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Class(2) Face Certificate Principal Principal Realized
Amount Balance Distribution Distribution Accretion Loss (3)
Total Ending Ending Total
Principal Certificate Certificate Principal
Reduction Balance Percentage Distribution
A-1 116,000,000.00 767.65248664 2.33985914 70.16113922 0.00000000 0.00000000
72.50099836 695.15148828 0.69515149 72.50099836
A-2 61,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
0.00000000 1000.00000000 1.00000000 0.00000000
A-3 36,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
0.00000000 1000.00000000 1.00000000 0.00000000
A-4 37,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
0.00000000 1000.00000000 1.00000000 0.00000000
A-5 16,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
0.00000000 1000.00000000 1.00000000 0.00000000
A-6 35,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
0.00000000 1000.00000000 1.00000000 0.00000000
A-7 150,000,000.00 595.53693273 1.03550413 125.11256073 0.00000000 0.00000000
126.14806487 469.38886787 0.46938887 126.14806487
A-8 376,500,000.00 838.85933575 0.41255145 49.84564173 0.00000000 0.00000000
50.25819317 788.60114258 0.78860114 50.25819317
M-1F 19,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
0.00000000 1000.00000000 1.00000000 0.00000000
M-1A 52,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
0.00000000 1000.00000000 1.00000000 0.00000000
M-2F 15,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
0.00000000 1000.00000000 1.00000000 0.00000000
M-2A 39,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
0.00000000 1000.00000000 1.00000000 0.00000000
B-1F 14,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
0.00000000 1000.00000000 1.00000000 0.00000000
B-1A 32,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
0.00000000 1000.00000000 1.00000000 0.00000000
C-FIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
0.00000000 0.00000000 0.00000000 0.00000000
C-AIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
0.00000000 0.00000000 0.00000000 0.00000000
D 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
0.00000000 0.00000000 0.00000000 0.00000000
S 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
0.00000000 0.00000000 0.00000000 0.00000000
R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
0.00000000 0.00000000 0.00000000 0.00000000
RL 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
0.00000000 0.00000000 0.00000000 0.00000000
(2) All Denominations are Per $1000
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud
Losses Unless Otherwise Disclosed, Please Refer to the Prospectus
Supplement for a Full Description.
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement
Beginning Payment of Non
Original Current Certificate Current Unpaid Current Supported
Face Certificate Notional Accrued Interest Interest Interest Realized
CLASS Amount Rate Balance Interest Shortfall Shortfall Shortfall Losses (4)
Total Remaining Ending
Interest Unpaid Certificate/
Distribution Interest Notional
Shortfall Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 116,000,000.00 6.50000% 89,047,688.45 482,341.65 0.00 0.00 0.00 0.00
482,341.65 0.00 80,637,572.64
A-2 61,000,000.00 6.24500% 61,000,000.00 317,454.17 0.00 0.00 0.00 0.00
317,454.17 0.00 61,000,000.00
A-3 36,000,000.00 6.31500% 36,000,000.00 189,450.00 0.00 0.00 0.00 0.00
189,450.00 0.00 36,000,000.00
A-4 37,000,000.00 6.44500% 37,000,000.00 198,720.83 0.00 0.00 0.00 0.00
198,720.83 0.00 37,000,000.00
A-5 16,000,000.00 6.80000% 16,000,000.00 90,666.67 0.00 0.00 0.00 0.00
90,666.67 0.00 16,000,000.00
A-6 35,000,000.00 6.40500% 35,000,000.00 186,812.50 0.00 0.00 0.00 0.00
186,812.50 0.00 35,000,000.00
A-7 150,000,000.00 5.66438% 89,330,539.91 393,557.21 0.00 0.00 0.00 0.00
393,557.21 0.00 70,408,330.18
A-8 376,500,000.00 5.77938% 315,830,539.91 1,419,681.44 0.00 0.00 0.00 0.00
1,419,681.44 0.00 296,908,330.18
M-1F 19,250,000.00 6.74500% 19,250,000.00 108,201.04 0.00 0.00 0.00 0.00
108,201.04 0.00 19,250,000.00
M-1A 52,000,000.00 5.95438% 52,000,000.00 240,821.59 0.00 0.00 0.00 0.00
240,821.59 0.00 52,000,000.00
M-2F 15,750,000.00 7.04000% 15,750,000.00 92,400.00 0.00 0.00 0.00 0.00
92,400.00 0.00 15,750,000.00
M-2A 39,000,000.00 6.17438% 39,000,000.00 187,289.53 0.00 0.00 0.00 0.00
187,289.53 0.00 39,000,000.00
B-1F 14,000,000.00 7.71500% 14,000,000.00 90,008.33 0.00 0.00 0.00 0.00
90,008.33 0.00 14,000,000.00
B-1A 32,500,000.00 6.77438% 32,500,000.00 171,241.27 0.00 0.00 0.00 0.00
171,241.27 0.00 32,500,000.00
C-FIO 0.00 15.00000% 35,000,000.00 437,500.00 0.00 0.00 0.00 0.00
437,500.00 0.00 35,000,000.00
C-AIO 0.00 6.82000% 71,500,000.00 379,267.78 0.00 0.00 0.00 0.00
379,267.78 0.00 71,500,000.00
D 0.00 0.00000% 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00
S 0.00 0.10000% 487,117,166.00 40,589.03 0.00 0.00 0.00 0.00
40,589.03 0.00 474,368,729.77
R 0.00 0.00000% 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00
RL 0.00 0.00000% 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00
Total 1,000,000,000.00 5,026,003.04 0.00 0.00 0.00 0.00
5,026,003.04 0.00
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud
Losses Unless Otherwise Disclosed. Please Refer to the Prospectus
Supplement for a Full Description.
Interest Distribution Factors Statement
Beginning Payment of Non
Original Current Certificate Current Unpaid Current Supported
Face Certificate Notional Accrued Interest Interest Interest Realized
CLASS(5) Amount Rate Balance Interest Shortfall Shortfall Shortfall Losses (6)
Total Remaining Ending
Interest Unpaid Certificate/
Distribution Interest Notional
Shortfall Balance
A-1 116,000,000.00 6.50000% 767.65248664 4.15811767 0.00000000 0.00000000 0.00000000 0.00000000
4.15811767 0.00000000 695.15148828
A-2 61,000,000.00 6.24500% 1000.00000000 5.20416672 0.00000000 0.00000000 0.00000000 0.00000000
5.20416672 0.00000000 1000.00000000
A-3 36,000,000.00 6.31500% 1000.00000000 5.26250000 0.00000000 0.00000000 0.00000000 0.00000000
5.26250000 0.00000000 1000.00000000
A-4 37,000,000.00 6.44500% 1000.00000000 5.37083324 0.00000000 0.00000000 0.00000000 0.00000000
5.37083324 0.00000000 1000.00000000
A-5 16,000,000.00 6.80000% 1000.00000000 5.66666688 0.00000000 0.00000000 0.00000000 0.00000000
5.66666688 0.00000000 1000.00000000
A-6 35,000,000.00 6.40500% 1000.00000000 5.33750000 0.00000000 0.00000000 0.00000000 0.00000000
5.33750000 0.00000000 1000.00000000
A-7 150,000,000.00 5.66438% 595.53693273 2.62371473 0.00000000 0.00000000 0.00000000 0.00000000
2.62371473 0.00000000 469.38886787
A-8 376,500,000.00 5.77938% 838.85933575 3.77073424 0.00000000 0.00000000 0.00000000 0.00000000
3.77073424 0.00000000 788.60114258
M-1F 19,250,000.00 6.74500% 1000.00000000 5.62083325 0.00000000 0.00000000 0.00000000 0.00000000
5.62083325 0.00000000 1000.00000000
M-1A 52,000,000.00 5.95438% 1000.00000000 4.63118442 0.0000000 0.00000000 0.00000000 0.00000000
4.63118442 0.00000000 1000.00000000
M-2F 15,750,000.00 7.04000% 1000.00000000 5.86666667 0.00000000 0.00000000 0.00000000 0.00000000
5.86666667 0.00000000 1000.00000000
M-2A 39,000,000.00 6.17438% 1000.00000000 4.80229564 0.00000000 0.00000000 0.00000000 0.00000000
4.80229564 0.00000000 1000.00000000
B-1F 14,000,000.00 7.71500% 1000.00000000 6.42916643 0.00000000 0.00000000 0.00000000 0.00000000
6.42916643 0.00000000 1000.00000000
B-1A 32,500,000.00 6.77438% 1000.00000000 5.26896215 0.00000000 0.00000000 0.00000000 0.00000000
5.26896215 0.00000000 1000.00000000
C-FIO 0.00 15.00000% 1000.00000000 12.50000000 0.00000000 0.00000000 0.00000000 0.00000000
12.50000000 0.00000000 1000.00000000
C-AIO 0.00 6.82000% 1000.00000000 5.30444448 0.00000000 0.00000000 0.00000000 0.00000000
5.30444448 0.00000000 1000.00000000
D 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
0.00000000 0.00000000 0.00000000
S 0.00 0.10000% 970.54786023 0.08087088 0.00000000 0.00000000 0.00000000 0.00000000
0.08087088 0.00000000 945.14746713
R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
0.00000000 0.00000000 0.00000000
RL 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
0.00000000 0.00000000 0.00000000
(5) All Denominations are Per $1000
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy, or
Fraud Losses Unless Otherwise Disclosed. Please Refer to the
Prospectus Supplement for a Full Description.
Certificateholder Account Statement
Certificate account
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 50,886,632.48
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 727,442.78
Realized Losses (827.41)
Total Deposits 51,613,247.85
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 332,709.54
Payment of Interest and Principal 51,280,538.31
Total Withdrawals (Pool Distribution Amount) 51,613,247.85
Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES
Gross Servicing Fee 318,352.27
Trustee Fee 0.00
Master Servicing Fee 14,357.27
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 332,709.54
Certificateholder Delinquency/Credit Enhancement Statement
DELINQUENCY STATUS
Percentage Delinquent
Based On
Current Unpaid Number Unpaid
Number Principal Of Loans Balance
Of Loans Balance
30 Days 280 20,631,124.87 2.961083% 2.524819%
60 Days 146 12,065,846.22 1.543993% 1.476608%
90+ Days 533 41,463,052.04 5.636633% 5.074212%
Foreclosure 450 34,049,132.34 4.758883% 4.166903%
REO 7 637,895.80 0.074027% 0.078065%
Totals 1,416 108,847,051.27 14.974619% 13.320607%
Current Period Realized Loss-Includes Interest Shortfall 0.00
Cumulative Realized Losses-Includes Interest Shortfall 26,831.87
Current Period Class A Insufficient Funds
Principal Balance of Contaminated Properties 0.00
Periodic Advance 727,442.78
COLLATERAL STATEMENT
Collateral Description Fixed Mixed & 6 Month LIBOR
Weighted Average Gross Coupon 10.136678%
Weighted Average Net Coupon 9.693223%
Weighted Average Pass-Through Rate 9.673224%
Weighted Average Maturity (Stepdown Calculation) 333
Beginning Scheduled Collateral Loan Count 9,915
Number of Loans Paid in Full 459
Ending Scheduled Collateral Loan Count 9,456
Beginning Scheduled Collateral Balance 861,469,674.53
Ending Scheduled Collateral Balance 817,132,842.38
Ending Actual Collateral Balance at 31-Dec-1999 817,815,948.45
Monthly P&I Constant 7,859,108.70
Ending Scheduled Balance for Premium Loans 811,370,687.53
Scheduled Principal 582,074.90
Unscheduled Principal 43,754,757.25
Current Period Realized Loss Pool 827.41
Group ID 1 2
Collateral Description Mixed Fixed 6 Month LIBOR Arm
Weighted Average Coupon Rate 9.792105 10.345523
Weighted Average Net Rate 9.354500 9.866400
Weighted Average Maturity 322.00 337.00
Record Date 12/31/98 12/31/98
Principal And Interest Constant 2,924,230.17 4,934,878.53
Beginning Loan Count 3,951 5,964
Loans Paid In Full 104 355
Ending Loan Count 3,847 5,609
Beginning Scheduled Balance 325,095,346.63 536,374,327.90
Ending Scheduled Balance 317,002,993.90 500,129,848.48
Scheduled Principal 271,423.66 310,651.24
Unscheduled Principal 7,820,929.07 35,933,828.18
Scheduled Interest 2,652,806.51 4,624,227.29
Servicing Fee 113,134.49 205,218.11
Master Servicing Fee 4,740.96 7,822.13
Trustee Fee 0.00 0.00
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 677.28 1,117.51
Pool Insurance Fee 0.00 0.00
Spread 1 0.00 0.00
Spread 2 0.00 0.00
Spread 3 0.00 0.00
Net Interest 2,534,253.78 4,410,069.54
Realized Loss Amount 827.41 0.00
Cummulative Realized Loss 26,831.87 0.00
1 2
Required Overcollateralization Amount 0.00 0.00
Overcollateralization Increase Amount 0.00 0.00
Overcollateralization Reduction Amount 0.00 0.00
Specified Overcollateralization Amount 6,125,000.00 15,600,000.00
Overcollateralization Amount 2,365,421.26 9,313,188.12
Overcollateralization Deficiency Amount 3,759,578.74 6,286,811.88
Base Overcollateralization Amount 0.00 0.00
Extra Principal Distribution Amount 317,763.08 1,599,940.04
Excess Cash Amount 0.00 0.00
Deliquency Status By Group
Group 30 Day 60 Day 90 + Day Foreclosure REO Bankruptcy
1 Principal Balance 6,593,184.15 3,968,237.17 11,310,584.20 5,915,847.04 0.00 3,254,842.61
Percentage Of Balance 2.080% 1.252% 3.568% 1.866% 0.000% 1.027%
Loan Count 95 52 160 84 0 51
Percentage Of Loan Count 2.469% 1.352% 4.159% 2.184% 0.000% 1.326%
2 Principal Balance 14,037,910.72 8,097,549.05 30,152,377.84 28,133,285.30 637,895.80 7,662,031.88
Percentage Of Balance 2.807% 1.619% 6.029% 5.625% 0.128% 1.532%
Loan Count 185 94 373 366 7 84
Percentage Of Loan Count 3.298% 1.676% 6.650% 6.525% 0.125% 1.498%
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