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Previous: LEHMAN ABS CORP HOME EQUITY LOAN ASSET BACK CERT SER 1998-2, 8-K, 1998-10-07 |
Next: NORWEST INTEGRATED STRUCT ASSETS INC PASS THRU SER 1998-1 TR, 8-K, 1998-10-07 |
UNITED STATES
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): September 25, 1998
OCWEN MORTGAGE LOAN
Asset Backed Certificates, Series 1998-2 Trust
New York (governing law of 333-39649-08 52-2112096 52-6934307
Pooling and Servicing Agreement) (Commission 52-2112098
(State or other File Number) 52-2112099
jurisdiction 52-2112101
IRS EIN
c/o Norwest Bank Minnesota, N.A.
11000 Broken Land Parkway 21044
Columbia, MD (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (410) 884-2000
c/o Norwest Bank Minnesota, N.A.
11000 New Horizon Way 21703
Frederick, MD (Zip Code)
(Former name or former address, if changed since last report)
ITEM 5. Other Events
On September 25, 1998 a distribution was made to holders of OCWEN MORTGAGE
LOAN, Asset Backed Certificates, Series 1998-2 Trust.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Asset
Backed Certificates, Series 1998-2 Trust, relating
to the September 25, 1998 distribution.
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.
OCWEN MORTGAGE LOAN
Asset Backed Certificates, Series 1998-2 Trust
By: Norwest Bank Minnesota, N.A., as Trustee
By: /s/ Sherri J. Sharps, Vice president
By: Sherri J. Sharps, Vice president
Date: 9/30/98
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Asset Backed
Certificates, Series 1998-2 Trust, relating to the September
25, 1998 distribution.
<TABLE>
<CAPTION>
OCWEN MORTGAGE LOAN ASSET BACKED CERTIFICATES
Mortgage Pass-Through Certificates
Record Date: 8/31/98
Distribution Date: 9/25/98
OCW Series: 1998-2
Contact: Customer Service - Columbia, MD
Norwest Bank Minnesota, N.A.
Securities Administration Services
11000 Broken Land Parkway
Columbia, MD 21044
Telephone: (301) 815-6600
Fax: (410) 884-2369
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 67574TAG6 SEQ 5.70844% 48,280,864.67 237,329.47 3,505,036.32
A-2 67574TAH4 SEQ 6.26000% 10,933,000.00 57,033.82 0.00
A-3 67574TAJ0 SEQ 6.32000% 11,789,000.00 62,088.73 0.00
A-4 67574TAK7 SEQ 6.54000% 28,209,000.00 153,739.05 0.00
A-5 67574TAL5 SEQ 5.70844% 83,588,517.70 410,887.81 12,605,161.82
A-6 67574TAM3 SEQ 5.88844% 173,001,000.00 877,219.06 0.00
R-I OCW982OR1 SUB 0.00000% 0.00 0.00 0.00
R-II OCW982OR2 SUB 0.00000% 0.00 0.00 0.00
R-III OCW982OR3 SUB 0.00000% 0.00 0.00 0.00
R-IV OCW982OR4 SUB 0.00000% 0.00 0.00 0.00
X-1 OCW982OX1 RES 0.00000% 0.00 0.00 0.00
X-2 OCW982OX2 RES 0.00000% 0.00 0.00 0.00
X RES 0.00000% 0.00 0.00 0.00
OC1 OCW982OC1 SUB 0.00000% 994,832.99 0.00 0.00
OC2 OCW982OC2 SUB 0.00000% 1,818,461.67 0.00 0.00
Totals 358,614,677.03 1,798,297.94 16,110,198.14
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
A-1 0.00 44,775,828.35 3,742,365.79 0.00
A-2 0.00 10,933,000.00 57,033.82 0.00
A-3 0.00 11,789,000.00 62,088.73 0.00
A-4 0.00 28,209,000.00 153,739.05 0.00
A-5 0.00 70,983,355.88 13,016,049.63 0.00
A-6 0.00 173,001,000.00 877,219.06 0.00
R-I 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00
R-IV 0.00 0.00 0.00 0.00
X-1 0.00 0.00 0.00 0.00
X-2 0.00 0.00 0.00 0.00
X 0.00 0.00 0.00 0.00
OC1 0.00 1,443,502.43 0.00 0.00
OC2 0.00 2,596,603.63 0.00 0.00
Totals 0.00 343,731,290.29 17,908,496.08 0.00
<FN>
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.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<S> <C> <C> <C> <C> <C> <C>
A-1 54,897,000.00 48,280,864.67 0.00 3,505,036.32 0.00 0.00
A-2 10,933,000.00 10,933,000.00 0.00 0.00 0.00 0.00
A-3 11,789,000.00 11,789,000.00 0.00 0.00 0.00 0.00
A-4 28,209,000.00 28,209,000.00 0.00 0.00 0.00 0.00
A-5 103,886,000.00 83,588,517.70 0.00 12,605,161.82 0.00 0.00
A-6 173,001,000.00 173,001,000.00 0.00 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00 0.00
R-IV 0.00 0.00 0.00 0.00 0.00 0.00
X-1 0.00 0.00 0.00 0.00 0.00 0.00
X-2 0.00 0.00 0.00 0.00 0.00 0.00
X 0.00 0.00 0.00 0.00 0.00 0.00
OC1 682.20 994,832.99 0.00 0.00 0.00 0.00
OC2 293.83 1,818,461.67 0.00 0.00 0.00 0.00
Totals 382,715,976.03 358,614,677.03 0.00 16,110,198.14 0.00 0.00
<FN>
(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.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C>
A-1 3,505,036.32 44,775,828.35 0.81563343 3,505,036.32
A-2 0.00 10,933,000.00 1.00000000 0.00
A-3 0.00 11,789,000.00 1.00000000 0.00
A-4 0.00 28,209,000.00 1.00000000 0.00
A-5 12,605,161.82 70,983,355.88 0.68328125 12,605,161.82
A-6 0.00 173,001,000.00 1.00000000 0.00
R-I 0.00 0.00 0.00000000 0.00
R-II 0.00 0.00 0.00000000 0.00
R-III 0.00 0.00 0.00000000 0.00
R-IV 0.00 0.00 0.00000000 0.00
X-1 0.00 0.00 0.00000000 0.00
X-2 0.00 0.00 0.00000000 0.00
X 0.00 0.00 0.00000000 0.00
OC1 0.00 1,443,502.43 2,115.95196423 0.00
OC2 0.00 2,596,603.63 8,837.09502093 0.00
Totals 16,110,198.14 343,731,290.29 0.89813677 16,110,198.14
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<S> <C> <C> <C> <C> <C>
A-1 54,897,000.00 879.48093102 0.00000000 63.84750205 0.00000000
A-2 10,933,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3 11,789,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4 28,209,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-5 103,886,000.00 804.61773194 0.00000000 121.33648249 0.00000000
A-6 173,001,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
R-I 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-III 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-IV 0.00 0.00000000 0.00000000 0.00000000 0.00000000
X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000
X 0.00 0.00000000 0.00000000 0.00000000 0.00000000
OC1 682.20 1458271.75315157 0.00000000 0.00000000 0.00000000
OC2 293.83 6188822.34625464 0.00000000 0.00000000 0.00000000
<FN>
All denominations are Per $1000
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
A-1 0.00000000 63.84750205 815.63342897 0.81563343 63.84750205
A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-5 0.00000000 121.33648249 683.28124945 0.68328125 121.33648249
A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-IV 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
OC1 0.00000000 0.00000000 2,115,951.9642333 2115.95196423 0.00000000
OC2 0.00000000 0.00000000 8,837,095.0209304 8837.09502093 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A-1 54,897,000.00 5.70844% 48,280,864.67 237,329.47 0.00 0.00
A-2 10,933,000.00 6.26000% 10,933,000.00 57,033.82 0.00 0.00
A-3 11,789,000.00 6.32000% 11,789,000.00 62,088.73 0.00 0.00
A-4 28,209,000.00 6.54000% 28,209,000.00 153,739.05 0.00 0.00
A-5 103,886,000.00 5.70844% 83,588,517.70 410,887.81 0.00 0.00
A-6 173,001,000.00 5.88844% 173,001,000.00 877,219.06 0.00 0.00
R-I 0.00 0.00000% 0.00 0.00 0.00 0.00
R-II 0.00 0.00000% 0.00 0.00 0.00 0.00
R-III 0.00 0.00000% 0.00 0.00 0.00 0.00
R-IV 0.00 0.00000% 0.00 0.00 0.00 0.00
X-1 0.00 0.00000% 131,079,697.66 0.00 0.00 0.00
X-2 0.00 0.00000% 227,534,979.37 0.00 0.00 0.00
X 0.00 0.00000% 358,614,677.03 0.00 0.00 0.00
OC1 682.20 0.00000% 994,832.99 0.00 0.00 0.00
OC2 293.83 0.00000% 1,818,461.67 0.00 0.00 0.00
Totals 382,715,976.03 1,798,297.94 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A-1 0.00 0.00 237,329.47 0.00 44,775,828.35
A-2 0.00 0.00 57,033.82 0.00 10,933,000.00
A-3 0.00 0.00 62,088.73 0.00 11,789,000.00
A-4 0.00 0.00 153,739.05 0.00 28,209,000.00
A-5 0.00 0.00 410,887.81 0.00 70,983,355.88
A-6 0.00 0.00 877,219.06 0.00 173,001,000.00
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00
R-IV 0.00 0.00 0.00 0.00 0.00
X-1 0.00 0.00 0.00 0.00 128,023,330.78
X-2 0.00 0.00 0.00 0.00 215,707,959.51
X 0.00 0.00 0.00 0.00 343,731,290.29
OC1 0.00 0.00 0.00 0.00 1,443,502.43
OC2 0.00 0.00 0.00 0.00 2,596,603.63
Totals 0.00 0.00 1,798,297.94 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A-1 54,897,000.00 5.70844% 879.48093102 4.32317740 0.00000000 0.00000000
A-2 10,933,000.00 6.26000% 1000.00000000 5.21666697 0.00000000 0.00000000
A-3 11,789,000.00 6.32000% 1000.00000000 5.26666638 0.00000000 0.00000000
A-4 28,209,000.00 6.54000% 1000.00000000 5.45000000 0.00000000 0.00000000
A-5 103,886,000.00 5.70844% 804.61773194 3.95517981 0.00000000 0.00000000
A-6 173,001,000.00 5.88844% 1000.00000000 5.07060109 0.00000000 0.00000000
R-I 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-III 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-IV 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
X-1 0.00 0.00000% 958.87884990 0.00000000 0.00000000 0.00000000
X-2 0.00 0.00000% 924.88630472 0.00000000 0.00000000 0.00000000
X 0.00 0.00000% 937.02801570 0.00000000 0.00000000 0.00000000
OC1 682.20 0.00000% 1458271.75315157 0.00000000 0.00000000 0.00000000
OC2 293.83 0.00000% 6188822.34625464 0.00000000 0.00000000 0.00000000
<FN>
All denominations are Per $1000
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A-1 0.00000000 0.00000000 4.32317740 0.00000000 815.63342897
A-2 0.00000000 0.00000000 5.21666697 0.00000000 1000.00000000
A-3 0.00000000 0.00000000 5.26666638 0.00000000 1000.00000000
A-4 0.00000000 0.00000000 5.45000000 0.00000000 1000.00000000
A-5 0.00000000 0.00000000 3.95517981 0.00000000 683.28124945
A-6 0.00000000 0.00000000 5.07060109 0.00000000 1000.00000000
R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-IV 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-1 0.00000000 0.00000000 0.00000000 0.00000000 936.52080658
X-2 0.00000000 0.00000000 0.00000000 0.00000000 876.81172417
X 0.00000000 0.00000000 0.00000000 0.00000000 898.13905985
OC1 0.00000000 0.00000000 0.00000000 0.00000000 2115951.96423336
OC2 0.00000000 0.00000000 0.00000000 0.00000000 8837095.02093047
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notational Notational Component Component Component
Class Rate Balance Balance Balance Balance
<S> <C> <C> <C> <C> <C> <C>
A-6 SEQ 5.88844% 0.00 0.00 30,873,000.00 30,873,000.00 100.00000000%
A-6 SEQ 5.88844% 0.00 0.00 142,128,000.00 142,128,000.00 100.00000000%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 18,107,598.82
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses 0.00
Total Deposits 18,107,598.82
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 199,102.74
Payment of Interest and Principal 17,908,496.08
Total Withdrawals (Pool Distribution Amount) 18,107,598.82
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 149,422.78
Trustee Fee 2,239.78
Pool Insurance Fee 47,440.18
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 199,102.74
</TABLE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<S> <C> <C> <C> <C>
Financial Guaranty 0.00 0.00 0.00 0.00
Financial Guaranty 0.00 0.00 0.00 0.00
Reserve Fund 10,000.00 0.00 0.00 10,000.00
Reserve Fund 10,000.00 0.00 0.00 10,000.00
</TABLE>
<TABLE>
<CAPTION>
DELINQUENCY STATUS
Percentage Delinquent
Based On
Current Unpaid
Number Principal Number Unpaid
Of Loans Balance Of Loans Balance
<S> <C> <C> <C> <C>
30 Days 73 7,566,921.90 1.779620% 2.201406%
60 Days 28 3,670,518.23 0.682594% 1.067845%
90+ Days 6 374,618.16 0.146270% 0.108986%
Foreclosure 30 4,035,418.49 0.731351% 1.174004%
REO 0 0.00 0.000000% 0.000000%
Totals 137 15,647,476.78 3.339834% 4.552241%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 0.00
</TABLE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
Bankruptcy 100,000.00 0.02612904% 0.00 0.00000000%
Fraud 8,781,479.28 2.29451599% 0.00 0.00000000%
Special Hazard 3,827,159.75 1.00000000% 0.00 0.00000000%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed Mixed & ARM & Balloon
Weighted Average Gross Coupon 10.788896%
Weighted AverageNet Coupon 10.288896%
Weighted Average Pass-Through Rate 10.122656%
Weighted Average Maturity(Stepdown Calculation ) 349
Begin Scheduled Collateral Loan Count 4,253
Number Of Loans Paid In Full 151
End Scheduled Collateral Loan Count 4,102
Begining Scheduled Collateral Balance 358,614,677.03
Ending Scheduled Collateral Balance 343,731,290.29
Ending Actual Collateral Balance at 31-Aug-1998 343,907,080.97
Monthly P &I Constant 3,453,454.59
Ending Scheduled Balance for Premium Loans 343,731,290.29
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Principal Prepayments 14,654,145.80
Group 1 Required Subordinated Amount 3,075,787.85
Group 2 Required Subordinated Amount 7,749,450.26
Group 1 Subordination Increase Amount 448,669.43
Group 2 Subordination Increase Amount 778,141.96
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2
Collateral Description Mixed Fixed Mixed ARM
Weighted Average Coupon Rate 10.877525 10.737838
Weighted Average Net Rate 10.370025 10.230338
Weighted Average Maturity 257.00 350.00
Begining Loan Count 2,234.00 2,019.00
Loans Paid In Full 65.00 86.00
Ending Loan Count 2,169.00 1,933.00
Begining Scheduled Balance 131,079,697.66 227,534,979.37
Ending Scheduled Balance 128,023,330.78 215,707,959.51
Record Date 98-08-31 98-08-31
Principal And Interest Constant 1,317,131.91 2,136,322.68
Scheduled Principal 128,946.30 100,294.64
Unscheduled Principal 2,927,420.58 11,726,725.22
Scheduled Interest 1,188,185.61 2,036,028.04
Servicing Fee 54,616.53 94,806.24
Other Fee 819.25 1,422.09
Net Interest 1,132,749.83 1,939,799.71
</TABLE>
<TABLE>
<CAPTION> Delinquency Status By Groups
Groups 30 Days 60 Days 90 + Days
Number Balance Number Balance Number Balance
<S> <C> <C> <C> <C> <C> <C>
1 68 3,593,593.32 29 1,285,145.30 9 343,805.23
2 158 14,480,101.39 48 6,494,682.66 27 3,980,549.56
Total 226 $18,073,694.71 77 $7,779,827.96 36 $4,324,354.79
</TABLE>
<TABLE>
Delinquency Status By Groups (Continued)
<CAPTION>
Group ID Foreclosures REOs Bankruptcy
Number Balance Number Balance Number Balance
<S> <C> <C> <C> <C> <C> <C>
1 6 404,413.53 0 0.00 4 157,814.60
2 24 3,639,466.93 0 0.00 9 790,440.27
TOTAL 30 4,043,880.46 0 0.00 13 948,254.87
</TABLE>
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