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Previous: LEHMAN HOME EQUITY LOAN TRUST 1997-2, 10-K, 1998-08-07 |
Next: NORWEST INTEGRATED STRUCT ASSETS INC PASS THRU SER 1998-1 TR, 8-K, 1998-08-07 |
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): July 27, 1998
OCWEN MORTGAGE LOAN
Asset Backed Certificates, Series 1998-2 Trust
New York (governing law of 333-39649-08 52-2112096 52-2112099
Pooling and Servicing Agreement) (Commission 52-2112098 52-2112101
(State or other File Number) 52-6934307
jurisdiction IRS EIN
c/o Norwest Bank Minnesota, N.A.
7485 New Horizon Way 21703
Frederick, MD (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (301) 696-7900
Former name or former address, if changed since last report)
ITEM 5. Other Events
On July 27, 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 July 27, 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: 8/5/1998
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 July 27,
1998 distribution.
<TABLE>
<CAPTION>
OCWEN MORTGAE LOAN ASSET BACKED CERTIFICATES
Mortgage Pass-Through Certificates
Record Date: 6/30/1998
Distribution Date: 7/27/1998
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 5.71625% 54,897,000.00 244,070.53 2,687,870.12
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 5.71625% 103,886,000.00 461,874.27 8,975,747.79
A-6 67574TAM3 SEQ 5.89625% 173,001,000.00 793,377.78 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% 682.20 0.00 0.00
OC2 OCW982OC2 SUB 0.00000% 293.83 0.00 0.00
Totals 382,715,976.03 1,772,184.18 11,663,617.91
</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 52,209,129.88 2,931,940.65 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 94,910,252.21 9,437,622.06 0.00
A-6 0.00 173,001,000.00 793,377.78 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 0.00 508,084.93 0.00 0.00
OC2 0.00 938,533.48 0.00 0.00
Totals 0.00 372,498,000.50 13,435,802.09 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 54,897,000.00 0.00 2,687,870.12 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-5 103,886,000.00 103,886,000.00 0.00 8,975,747.79 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 682.20 682.20 0.00 0.00 0.00 0.00
OC2 293.83 293.83 0.00 0.00 0.00 0.00
Totals 382,715,976.03 382,715,976.03 0.00 11,663,617.91 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 2,687,870.12 52,209,129.88 0.95103794 2,687,870.12
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 8,975,747.79 94,910,252.21 0.91360003 8,975,747.79
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 0.00 508,084.93 744.77415714 0.00
OC2 0.00 938,533.48 3,194.13769867 0.00
Totals 11,663,617.91 372,498,000.50 0.97330141 11,663,617.91
</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 1000.00000000 0.00000000 48.96205840 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 1000.00000000 0.00000000 86.39997488 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 1000.00000000 0.00000000 0.00000000 0.00000000
OC2 293.83 1000.00000000 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 48.96205840 951.03794160 0.95103794 48.96205840
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 86.39997488 913.60002512 0.91360003 86.39997488
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 744,774.15713867 744.77415714 0.00000000
OC2 0.00000000 0.00000000 3,194,137.6986693 3194.13769867 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 5.71625% 54,897,000.00 244,070.54 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 5.71625% 103,886,000.00 461,874.27 0.00 0.00
A-6 173,001,000.00 5.89625% 173,001,000.00 793,377.78 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% 136,701,682.20 0.00 0.00 0.00
X-2 0.00 0.00000% 246,014,293.83 0.00 0.00 0.00
X 0.00 0.00000% 382,715,976.03 0.00 0.00 0.00
OC1 682.20 0.00000% 682.20 0.00 0.00 0.00
OC2 293.83 0.00000% 293.83 0.00 0.00 0.00
Totals 382,715,976.03 1,772,184.19 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 0.00 244,070.53 0.00 52,209,129.88
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 0.00 461,874.27 0.00 94,910,252.21
A-6 0.00 0.00 793,377.78 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 0.00 134,521,214.81
X-2 0.00 0.00 0.00 0.00 237,976,785.69
X 0.00 0.00 0.00 0.00 372,498,000.50
OC1 0.00 0.00 0.00 0.00 508,084.93
OC2 0.00 0.00 0.00 0.00 938,533.48
Totals 0.00 0.00 1,772,184.18 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 5.71625% 1000.00000000 4.44597228 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 5.71625% 1000.00000000 4.44597222 0.00000000 0.00000000
A-6 173,001,000.00 5.89625% 1000.00000000 4.58597222 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% 1000.00499045 0.00000000 0.00000000 0.00000000
X-2 0.00 0.00000% 1000.00119436 0.00000000 0.00000000 0.00000000
X 0.00 0.00000% 1000.00255028 0.00000000 0.00000000 0.00000000
OC1 682.20 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
OC2 293.83 0.00000% 1000.00000000 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 4.44597209 0.00000000 951.03794160
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 4.44597222 0.00000000 913.60002512
A-6 0.00000000 0.00000000 4.58597222 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 984.05435812
X-2 0.00000000 0.00000000 0.00000000 0.00000000 967.33025637
X 0.00000000 0.00000000 0.00000000 0.00000000 973.30389585
OC1 0.00000000 0.00000000 0.00000000 0.00000000 744774.15713867
OC2 0.00000000 0.00000000 0.00000000 0.00000000 3194137.69866930
<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 5.89625% 0.00 0.00 30,873,000.00 30,873,000.00 100.00000000%
A-6 SEQ 5.89625% 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 13,648,687.73
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 13,648,687.73
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 212,885.64
Payment of Interest and Principal 13,435,802.09
Total Withdrawals (Pool Distribution Amount) 13,648,687.73
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 159,465.00
Trustee Fee 2,391.97
Pool Insurance Fee 51,028.67
Master Servicing Fee 0.00
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 212,885.64
</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 0 0.00 0.000000% 0.000000%
60 Days 0 0.00 0.000000% 0.000000%
90+ Days 0 0.00 0.000000% 0.000000%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 0 0.00 0.000000% 0.000000%
</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% 100,000.00 0.02684578%
Fraud 8,781,479.28 2.29451599% 8,781,479.28 2.35745676%
Special Hazard 3,827,159.75 1.00000000% 3,827,159.75 1.02743095%
<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 10.756945%
Weighted AverageNet Coupon 10.256945%
Weighted Average Pass-Through Rate 10.089447%
Weighted Average Maturity(Stepdown Calculation ) 351
Begin Scheduled Collateral Loan Count 4,522
Number Of Loans Paid In Full 105
End Scheduled Collateral Loan Count 4,417
Begining Scheduled Collateral Balance 382,715,976.03
Ending Scheduled Collateral Balance 372,498,000.50
Ending Actual Collateral Balance at 30-Jun-1998 372,648,221.68
Monthly P &I Constant 3,669,546.48
Ending Scheduled Balance for Premium Loans 372,498,000.50
Principal Prepayments 9,979,141,25
Bankruptcy Amount 100,000
Fraud Loss Amount 8,781,479.28
Special Hazard Amount 3,827,159.75
Group 1 Required Subordinated Amount 3,075,787.85
Group 2 Required Subordinated Amount 7,749,450.26
Group 1 Subordination Increase Amount 507,402.73
Group 2 Subordination Increase Amount 938,239.65
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2
Collateral Description Mixed Fixed Mixed ARM
Weighted Average Net Rate 10.394702 10.168730
Weighted Average Maturity 259.00 352.00
Begining Loan Count 2,340.00 2,182.00
Loans Paid In Full 41.00 64.00
Ending Loan Count 2,299.00 2,118.00
Begining Scheduled Balance 136,701,682.20 246,014,293.83
Ending Scheduled Balance 134,521,214.81 237,976,785.69
Record Date 98-06-30 98-06-30
Principal And Interest Constant 1,373,386.91 2,296,159.57
Scheduled Principal 131,429.09 107,405.19
Unscheduled Principal 2,049,038.30 7,930,102.95
Group ID 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 0.00 0.00
Overcollateralization Amount 0.00 0.00
Overcollateralization Deficiency Amount 0.00 0.00
Base Overcollateralization Amount 0.00 0.00
Extra Principal Distribution Amount 0.00 0.00
Excess Cash Amount 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Delinquency Status By Groups
30 Days 60 Days 90 + Days Foreclosures REOs
Groups Number Balance Number Balance Number Balance Number Balance Number Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
2 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
Total 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
</TABLE>
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