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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): June 2, 2000
INDYMAC ABS, INC., (as depositor under the Pooling
and Servicing Agreement, dated as of April 1, 2000 providing for
the issuance of the INDYMAC ABS, INC., Home Equity
Mortgage Loan Asset-Backed Trust, Series SPMD 2000-A).
INDYMAC ABS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-51609 95-4685267
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
155 North Lake Avenue
Pasadena, California 91101
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (800) 669-2300
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<PAGE>
Item 5. Other Events.
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Filing of Collateral Tables
Pursuant to Rule 424(b) under the Securities Act of 1933, IndyMac ABS,
Inc. (the "Company") filed a prospectus and prospectus supplement with the
Securities and Exchange Commission relating to its Home Equity Mortgage Loan
Asset-Backed Trust, Series SPMD 2000-A on April 26, 2000.
In connection with the offering of the Asset-Backed Certificates, Series
SPMD 2000-A, Merrill Lynch & Co. ("Merrill Lynch"), as underwriter of the
Offered Certificates, has prepared certain materials (the "Merrill Lynch
Collateral Tables") for distribution to their potential investors. Although
the Company provided Merrill Lynch with certain information regarding the
characteristics of the Mortgage Loans in the related portfolio, the Company
did not participate in the preparation of the Merrill Lynch Collateral Tables.
For purposes of this Form 8-K, "Collateral Tables" shall mean computer
generated tables and/or charts displaying, with respect to any Class or
Classes of Certificates, any of the following: yield; average life; duration;
expected maturity; interest rate sensitivity; loss sensitivity; cash flow
characteristics; background information regarding the Mortgage Loans; the
proposed structure; decrement tables; or similar information (tabular or
otherwise) of a statistical, mathematical, tabular or computational nature.
The Merrill Lynch Collateral Tables, are listed as Exhibit 99.1 hereto.
* Capitalized terms used and not otherwise defined herein shall have the
meanings assigned to them in the prospectus and the prospectus supplement
of IndyMac ABS, Inc., relating to its Home Equity Mortgage Loan Asset-Backed
Trust, Series SPMD 2000-A.
<PAGE>
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Merrill Lynch Collateral Tables.
<PAGE>
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.
INDYMAC ABS, INC.
By: /s/ Blair Abernathy
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Blair Abernathy
Vice President
Dated: June 2, 2000
<PAGE>
Exhibit Index
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Exhibit Page
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99.1 Merrill Lynch & Co. Collateral Tables.
<PAGE>
Exhibit 99.1
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Merrill Lynch & Co. Collateral Tables
Loan-to-Value Ratios (%)
------------------------
Current % By
Count Balance Balance
-----------------------------------------------------------
27.78 - 60.00 10 1,714,475.00 7.16
60.01 - 65.00 8 1,687,070.96 7.04
65.01 - 70.00 14 2,251,012.81 9.40
70.01 - 75.00 20 3,599,375.86 15.03
75.01 - 80.00 52 7,071,949.58 29.53
80.01 - 85.00 22 2,860,070.48 11.94
85.01 - 90.00 33 4,765,276.96 19.90
------------------------------------------------------------
WgtAvg= 76.91 159 23,949,231.65 100.00
Original Term
-------------
Current % By
Count Balance Balance
---------------------------------------------------------
360 - 360 159 23,949,231.65 100.00
---------------------------------------------------------
WgtAvg= 360 159 23,949,231.65 100.00
Current Balance
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Current % By
Count Balance Balance
--------------------------------------------------------------------
32,000.00 - 50,000.00 5 195,100.00 0.81
50,000.01 - 100,000.00 49 3,732,969.06 15.59
100,000.01 - 150,000.00 41 5,103,598.80 21.31
150,000.01 - 200,000.00 28 5,058,847.57 21.12
200,000.01 - 250,000.00 17 3,746,063.67 15.64
250,000.01 - 300,000.00 10 2,822,356.85 11.78
300,000.01 - 350,000.00 5 1,641,850.00 6.86
350,000.01 - 400,000.00 2 742,850.00 3.10
400,000.01 - 450,000.00 1 405,595.70 1.69
450,000.01 - 500,000.00 1 500,000.00 2.09
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WgtAvg= 197,337.02 159 23,949,231.65 100.00
Mortgage Rates (%)
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Current % By
Count Balance Balance
------------------------------------------------------------
8.625 - 8.750 5 1,015,200.00 4.24
8.751 - 9.000 10 1,761,342.00 7.35
9.001 - 9.250 5 744,997.64 3.11
9.251 - 9.500 11 1,691,568.84 7.06
9.501 - 9.750 19 2,560,568.76 10.69
9.751 - 10.000 31 4,891,938.22 20.43
10.001 - 10.250 21 3,150,011.20 13.15
10.251 - 10.500 17 2,534,070.45 10.58
10.501 - 10.750 14 1,429,517.11 5.97
10.751 - 11.000 19 3,080,352.54 12.86
11.001 - 11.250 3 721,500.00 3.01
11.251 - 11.500 2 237,264.89 0.99
11.501 - 11.750 1 63,000.00 0.26
11.751 - 12.000 1 67,900.00 0.28
-------------------------------------------------------------
WgtAvg= 10.055 159 23,949,231.65 100.00
Occupancy Type
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Current % By
Count Balance Balance
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Owner 148 22,537,421.70 94.10
Investment 8 1,150,192.29 4.80
Second Home 3 261,617.66 1.09
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159 23,949,231.65 100.00
State
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Current % By
Count Balance Balance
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Alabama 1 148,000.00 0.62
Alaska 1 95,912.42 0.40
Arizona 7 924,140.48 3.86
California 52 8,910,769.88 37.21
Colorado 4 559,687.69 2.34
Connecticut 2 363,750.00 1.52
Florida 6 665,700.00 2.78
Hawaii 1 195,500.00 0.82
Idaho 2 138,300.00 0.58
Illinois 3 334,250.00 1.40
Indiana 1 32,000.00 0.13
Iowa 6 388,177.41 1.62
Maryland 4 589,567.66 2.46
Massachusetts 3 306,483.98 1.28
Michigan 4 373,321.78 1.56
Minnesota 4 581,600.00 2.43
Missouri 4 218,376.99 0.91
Nebraska 1 108,000.00 0.45
Nevada 2 534,975.00 2.23
New Jersey 7 1,576,968.84 6.58
New York 9 2,226,157.74 9.30
North Carolina 4 605,831.66 2.53
Ohio 3 368,900.00 1.54
Oregon 4 490,500.00 2.05
Pennsylvania 1 70,000.00 0.29
South Carolina 3 256,000.00 1.07
Texas 5 792,853.08 3.31
Utah 7 823,500.00 3.44
Vermont 3 385,000.00 1.61
Washington 5 885,007.04 3.70
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159 23,949,231.65 100.00
FICO Score
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Current % By
Count Balance Balance
--------------------------------------------------------
524 - 549 13 2,429,562.49 10.14
550 - 599 79 11,462,833.95 47.86
600 - 648 67 10,056,835.21 41.99
---------------------------------------------------------
WgtAvg= 589 159 23,949,231.65 100.00
Purpose
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Current % By
Count Balance Balance
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CASH-OUT REFINANCE 68 10,831,408.82 45.23
PURCHASE 68 9,783,936.61 40.85
RATE/TERM REFINANCE 23 3,333,886.22 13.92
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159 23,949,231.65 100.00
Documentation Type
Current % By
Count Balance Balance
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Full Documentation 103 14,323,545.03 59.81
Reduced Documentation 49 8,328,890.92 34.78
Reduced Documentation/No Ratio 6 1,231,795.70 5.14
No Documentation 1 65,000.00 0.27
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159 23,949,231.65 100.00
Property Type
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Current % By
Count Balance Balance
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SFR/D-PUD 125 18,866,179.37 78.78
Planned Unit Development 14 2,433,768.58 10.16
Condominium 12 1,581,397.50 6.60
Two Units 5 634,386.20 2.65
Three Units 1 297,500.00 1.24
Cooperative 1 96,000.00 0.40
Manufactured Home 1 40,000.00 0.17
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159 23,949,231.65 100.00
Range of Credit Score
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Current % By
Count Balance Balance
------------------------------------------
1 52 7,514,825.61 31.38
1+ 66 9,805,075.76 40.94
2 31 4,663,051.77 19.47
3 9 1,920,078.51 8.02
4 1 46,200.00 0.19
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159 23,949,231.65 100.00
Margin
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Current % By
Count Balance Balance
-----------------------------------------------------------
5.000 - 5.000 21 3,210,343.23 13.40
5.251 - 5.500 43 6,626,009.77 27.67
5.501 - 5.750 20 2,185,229.58 9.12
5.751 - 6.000 17 2,460,724.20 10.27
6.001 - 6.250 23 3,780,535.05 15.79
6.251 - 6.500 11 1,880,501.09 7.85
6.501 - 6.750 7 1,169,317.66 4.88
6.751 - 7.000 5 600,987.88 2.51
7.251 - 7.500 7 1,017,262.49 4.25
7.751 - 8.000 4 612,725.00 2.56
8.001 - 8.250 1 405,595.70 1.69
------------------------------------------------------------
WgtAvg= 5.993 159 23,949,231.65 100.00
Next Rate Adjustment Date
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Current % By
Count Balance Balance
--------------------------------------------------------
August,2000 1 97,921.78 0.41
November,2000 1 245,650.00 1.03
July,2001 1 214,436.20 0.90
August,2001 1 139,528.69 0.58
October,2001 1 129,730.02 0.54
February,2002 1 211,917.92 0.88
March,2002 5 856,948.16 3.58
April,2002 33 4,670,318.39 19.50
May,2002 81 11,385,504.29 47.54
June,2002 1 300,000.00 1.25
December,2002 1 405,595.70 1.69
January,2003 1 191,064.89 0.80
April,2003 7 1,025,515.61 4.28
May,2003 24 4,075,100.00 17.02
---------------------------------------------------------
159 23,949,231.65 100.00
Maximum Rate
------------
Current % By
Count Balance Balance
------------------------------------------------------------
15.625 - 15.750 6 1,163,700.00 4.86
15.751 - 16.000 10 1,761,342.00 7.35
16.001 - 16.250 5 744,997.64 3.11
16.251 - 16.500 12 2,097,164.54 8.76
16.501 - 16.750 18 2,412,068.76 10.07
16.751 - 17.000 31 4,891,938.22 20.43
17.001 - 17.250 21 3,150,011.20 13.15
17.251 - 17.500 16 2,128,474.75 8.89
17.501 - 17.750 14 1,429,517.11 5.97
17.751 - 18.000 19 3,080,352.54 12.86
18.001 - 18.250 3 721,500.00 3.01
18.251 - 18.500 2 237,264.89 0.99
18.501 - 18.750 1 63,000.00 0.26
18.751 - 19.000 1 67,900.00 0.28
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WgtAvg= 17.032 159 23,949,231.65 100.00
Loan-to-Value Ratios (%)
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Current % By
Count Balance Balance
-----------------------------------------------------------
35.00 - 60.00 18 1,581,912.10 8.20
60.01 - 65.00 5 348,333.78 1.81
65.01 - 70.00 32 3,331,982.21 17.27
70.01 - 75.00 29 2,903,683.09 15.05
75.01 - 80.00 44 3,699,904.88 19.17
80.01 - 85.00 32 2,721,196.49 14.10
85.01 - 90.00 32 3,645,966.86 18.89
90.01 - 95.00 10 1,063,387.15 5.51
------------------------------------------------------------
WgtAvg= 77.89 202 19,296,366.56 100.00
Original Term
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Current % By
Count Balance Balance
--------------------------------------------------------
180 - 180 16 1,164,752.06 6.04
181 - 240 3 119,877.69 0.62
241 - 300 16 700,536.59 3.63
301 - 360 167 17,311,200.22 89.71
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WgtAvg= 346 202 19,296,366.56 100.00
Mortgage Rates (%)
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Current % By
Count Balance Balance
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8.375 - 8.500 2 437,950.00 2.27
8.751 - 9.000 5 829,750.00 4.30
9.001 - 9.250 5 932,675.95 4.83
9.251 - 9.500 10 1,023,581.46 5.30
9.501 - 9.750 20 2,340,148.95 12.13
9.751 - 10.000 12 917,500.15 4.75
10.001 - 10.250 5 311,705.21 1.62
10.251 - 10.500 9 462,165.15 2.40
10.501 - 10.750 23 2,705,061.33 14.02
10.751 - 11.000 40 3,569,676.80 18.50
11.001 - 11.250 15 970,212.38 5.03
11.251 - 11.500 17 1,510,473.22 7.83
11.501 - 11.750 9 678,007.91 3.51
11.751 - 12.000 15 1,188,523.08 6.16
12.001 - 12.250 5 480,770.00 2.49
12.251 - 12.500 6 615,021.17 3.19
12.501 - 12.750 1 70,000.00 0.36
12.751 - 13.000 1 125,000.00 0.65
13.001 - 13.250 1 40,000.00 0.21
13.251 - 13.375 1 88,143.80 0.46
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WgtAvg= 10.626 202 19,296,366.56 100.00
Current Mortgage Loan Principal Balance
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Current % By
Count Balance Balance
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19,993.43 - 50,000.00 53 2,093,629.69 10.85
50,000.01 - 100,000.00 82 5,746,904.40 29.78
100,000.01 - 150,000.00 33 4,004,003.07 20.75
150,000.01 - 200,000.00 19 3,338,485.93 17.30
200,000.01 - 250,000.00 9 2,058,593.47 10.67
250,000.01 - 300,000.00 2 580,000.00 3.01
300,000.01 - 350,000.00 2 654,500.00 3.39
350,000.01 - 400,000.00 1 382,500.00 1.98
400,000.01 - 437,750.00 1 437,750.00 2.27
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WgtAvg= 144,116.59 202 19,296,366.56 100.00
Occupancy Type
--------------
Current % By
Count Balance Balance
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Owner 174 17,513,955.49 90.76
Investment 23 1,498,094.85 7.76
Second Home 5 284,316.22 1.47
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202 19,296,366.56 100.00
State
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Current % By
Count Balance Balance
-------------------------------------------------------------
Alaska 1 182,750.00 0.95
Arizona 5 300,907.85 1.56
California 23 3,037,512.38 15.74
Colorado 4 238,000.00 1.23
Connecticut 6 879,830.21 4.56
District Of Columbia 1 88,143.80 0.46
Florida 14 1,000,857.89 5.19
Georgia 9 639,420.69 3.31
Illinois 4 319,934.05 1.66
Indiana 3 146,520.00 0.76
Iowa 2 192,100.00 1.00
Kentucky 1 36,145.77 0.19
Maine 1 75,000.00 0.39
Maryland 4 184,382.12 0.96
Massachusetts 7 648,200.00 3.36
Michigan 1 107,600.00 0.56
Minnesota 4 340,993.43 1.77
Mississippi 1 30,091.37 0.16
Missouri 3 187,953.63 0.97
Montana 5 338,804.35 1.76
Nebraska 2 179,951.01 0.93
Nevada 6 746,759.02 3.87
New Jersey 6 754,468.65 3.91
New Mexico 2 108,835.80 0.56
New York 30 4,045,559.60 20.97
North Carolina 9 602,670.14 3.12
Ohio 10 644,989.25 3.34
Oklahoma 5 290,845.57 1.51
Oregon 3 386,940.05 2.01
Pennsylvania 7 667,635.22 3.46
South Carolina 6 333,429.36 1.73
Tennessee 7 405,109.90 2.10
Texas 2 185,543.52 0.96
Utah 2 537,200.00 2.78
Vermont 3 256,347.26 1.33
Virginia 2 120,350.00 0.62
Wisconsin 1 54,584.67 0.28
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202 19,296,366.56 100.00
FICO Score
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Current % By
Count Balance Balance
--------------------------------------------------------
510 - 549 9 933,931.83 4.84
550 - 599 77 6,806,396.72 35.27
600 - 649 88 9,510,100.32 49.28
650 - 699 25 1,619,072.37 8.39
700 - 749 1 25,521.73 0.13
750 - 780 2 401,343.59 2.08
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WgtAvg= 604 202 19,296,366.56 100.00
Purpose
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Current % By
Count Balance Balance
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CASH-OUT REFINANCE 95 9,128,388.25 47.31
PURCHASE 74 7,373,022.52 38.21
RATE/TERM REFINANCE 33 2,794,955.79 14.48
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202 19,296,366.56 100.00
Type of Program
---------------
Current % By
Count Balance Balance
----------------------------------------------------------------------------
Full Documentation 150 13,975,645.13 72.43
No Documentation 5 457,000.00 2.37
Reduced Documentation 39 3,837,711.71 19.89
Reduced Documentation/No Ratio 8 1,026,009.72 5.32
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202 19,296,366.56 100.00
Property Type
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Current % By
Count Balance Balance
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SFR/D-PUD 106 11,732,970.98 60.80
Manufactured Home 55 3,144,513.26 16.30
Two Units 8 1,109,993.43 5.75
Planned Unit Development 6 804,431.63 4.17
Three Units 6 727,263.34 3.77
Condominium 7 679,468.53 3.52
Cooperative 10 614,535.53 3.18
Four Units 3 462,189.86 2.40
Townhouse 1 21,000.00 0.11
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202 19,296,366.56 100.00
Range of Credit Score
---------------------
Current % By
Count Balance Balance
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1 51 5,020,334.48 26.02
1+ 81 9,165,609.12 47.50
2 34 2,812,332.10 14.57
3 6 589,931.83 3.06
4 4 400,000.00 2.07
N/A 26 1,308,159.03 6.78
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202 19,296,366.56 100.00
