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): August 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.
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 August 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 August 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: 8/27/98
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 August 25,
1998 distribution.
<TABLE>
<CAPTION>
OCWEN MORTGAGE LOAN ASSET BACKED CERTIFICATES
Mortgage Pass-Through Certificates
Record Date: 7/31/98
Distribution Date: 8/25/98
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 5.71625% 52,209,129.88 240,410.35 3,928,265.21
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% 94,910,252.21 437,038.64 11,321,734.51
A-6 67574TAM3 SEQ 5.89625% 173,001,000.00 821,712.69 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% 508,084.93 0.00 0.00
OC2 OCW982OC2 SUB 0.00000% 938,533.48 0.00 0.00
Totals 372,498,000.50 1,772,023.28 15,249,999.72
</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 48,280,864.67 4,168,675.56 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 83,588,517.70 11,758,773.15 0.00
A-6 0.00 173,001,000.00 821,712.69 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 0.00 994,832.99 0.00 0.00
OC2 0.00 1,818,461.67 0.00 0.00
Totals 0.00 358,614,677.03 17,022,023.00 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 52,209,129.88 0.00 3,928,265.21 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 94,910,252.21 0.00 11,321,734.51 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 682.20 508,084.93 0.00 0.00 0.00 0.00
OC2 293.83 938,533.48 0.00 0.00 0.00 0.00
Totals 382,715,976.03 372,498,000.50 0.00 15,249,999.72 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 3,928,265.21 48,280,864.67 0.87948093 3,928,265.21
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 11,321,734.51 83,588,517.70 0.80461773 11,321,734.51
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 0.00 994,832.99 1,458.27175315 0.00
OC2 0.00 1,818,461.67 6,188.82234625 0.00
Totals 15,249,999.72 358,614,677.03 0.93702563 15,249,999.72
</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 54,897,000.00 951.03794160 0.00000000 71.55701058 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-5 103,886,000.00 913.60002512 0.00000000 108.98229319 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 744774.15713867 0.00000000 0.00000000 0.00000000
OC2 293.83 3194137.69866930 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 71.55701058 879.48093102 0.87948093 71.55701058
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 108.98229319 804.61773194 0.80461773 108.98229319
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 1,458,271.7531515 1458.27175315 0.00000000
OC2 0.00000000 0.00000000 6,188,822.3462546 6188.82234625 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% 52,209,129.88 240,410.35 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% 94,910,252.21 437,038.64 0.00 0.00
A-6 173,001,000.00 5.89625% 173,001,000.00 821,712.70 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% 134,521,214.81 0.00 0.00 0.00
X-2 0.00 0.00000% 237,976,785.69 0.00 0.00 0.00
X 0.00 0.00000% 372,498,000.50 0.00 0.00 0.00
OC1 682.20 0.00000% 508,084.93 0.00 0.00 0.00
OC2 293.83 0.00000% 938,533.48 0.00 0.00 0.00
Totals 382,715,976.03 1,772,023.29 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 0.00 240,410.35 0.00 48,280,864.67
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 0.00 437,038.64 0.00 83,588,517.70
A-6 0.01 0.00 821,712.69 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 0.00 131,079,697.66
X-2 0.00 0.00 0.00 0.00 227,534,979.37
X 0.00 0.00 0.00 0.00 358,614,677.03
OC1 0.00 0.00 0.00 0.00 994,832.99
OC2 0.00 0.00 0.00 0.00 1,818,461.67
Totals 0.01 0.00 1,772,023.28 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% 951.03794160 4.37929850 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% 913.60002512 4.20690603 0.00000000 0.00000000
A-6 173,001,000.00 5.89625% 1000.00000000 4.74975694 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% 984.05435812 0.00000000 0.00000000 0.00000000
X-2 0.00 0.00000% 967.33025637 0.00000000 0.00000000 0.00000000
X 0.00 0.00000% 973.30389585 0.00000000 0.00000000 0.00000000
OC1 682.20 0.00000% 744774.15713867 0.00000000 0.00000000 0.00000000
OC2 293.83 0.00000% 3194137.69866930 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 4.37929850 0.00000000 879.48093102
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 4.20690603 0.00000000 804.61773194
A-6 0.00000006 0.00000000 4.74975688 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 958.87884990
X-2 0.00000000 0.00000000 0.00000000 0.00000000 924.88630472
X 0.00000000 0.00000000 0.00000000 0.00000000 937.02801570
OC1 0.00000000 0.00000000 0.00000000 0.00000000 1458271.75315157
OC2 0.00000000 0.00000000 0.00000000 0.00000000 6188822.34625464
<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 16,952,507.86
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 276,524.29
Realized Losses 0.00
Total Deposits 17,229,032.15
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 207,009.15
Payment of Interest and Principal 17,022,023.00
Total Withdrawals (Pool Distribution Amount) 17,229,032.15
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 155,207.79
Trustee Fee 2,327.84
Pool Insurance Fee 49,473.52
Master Servicing Fee 0.00
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 207,009.15
</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 196 19,396,137.65 4.608512% 5.408629%
60 Days 62 5,835,902.08 1.457794% 1.627346%
90+ Days 28 3,844,341.12 0.658359% 1.071998%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 286 29,076,380.85 6.724665% 8.107973%
</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 276,524.29
</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 10.778180%
Weighted AverageNet Coupon 10.270680%
Weighted Average Pass-Through Rate 10.111301%
Weighted Average Maturity(Stepdown Calculation ) 350
Begin Scheduled Collateral Loan Count 4,417
Number Of Loans Paid In Full 164
End Scheduled Collateral Loan Count 4,253
Begining Scheduled Collateral Balance 372,498,000.50
Ending Scheduled Collateral Balance 358,614,677.03
Ending Actual Collateral Balance at 31-Jul-1998 358,762,281.21
Monthly P &I Constant 3,580,436.90
Ending Scheduled Balance for Premium Loans 358,614,677.03
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Principal Prepayments 13,648,595.25
Bankruptcy Amount 100,000.00
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 486,748.04
Group 2 Subordination Increase Amount 879,928.20
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2
Collateral Description Mixed Fixed Mixed ARM
Weighted Average Coupon Rate 10.895699 10.711749
Weighted Average Net Rate 10.388199 10.204249
Weighted Average Maturity 258.00 351.00
Record Date 07/31/98 07/31/98
Principal and Interest 1,351,782.97 2,228,653.93
Beginning Loan Balance 2,299 2,118
Loans Paid In Full 65 99
Ending Loan Balance 2,234 2,019
Beginning Scheduled Balance 134,521,214.81 237,976,785.69
Ending Scheduled Balance 131,079,697.66 227,534,979.37
Scheduled Principal 130,364.04 104,364.18
Unscheduled Principal 3,311,153.11 10,337,442.14
Scheduled Interest 1,221,418.93 2,124,289.75
Servicing Fee 56,050.50 99,156.99
Other Fee 840.76 1,487.36
Net Interest 1,164,527.67 2,023,645.40
</TABLE>
<TABLE>
<CAPTION> Delinquency Status By Groups
<C>
Groups 30 Days 60 Days 90 + Days
Number Balance Number Balance Number Balance
<S> <C> <C> <C> <C> <C> <C>
1 73 3,633,841.90 13 587,780.87 3 156,630.52
2 123 15,762,295.75 49 5,248,121.21 25 3,687,710.60
Total 196 $19,396,137.65 62 $5,835,902.08 28 $3,844,341.12
</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 0 0.00 0 0.00 0 0.00
2 0 0.00 0 0.00 0 0.00
TOTAL 0.00 0.00 0 0.00 0 0.00
</TABLE>