GREENPOINT CREDIT LLC
8-K, EX-99, 2000-10-23
ASSET-BACKED SECURITIES
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GreenPoint Manufactured Housing Contract Trust
Pass Through Certificates
Series 2000-1
Investor Number 52000031

Determination Date:                      17-Oct-00
Remittance Date:                         20-Oct-00
Month End Date:                          30-Sep-00

<TABLE>
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                               <C>             <C>
(a)      Class A-1 Distribution Amount                                                                            2,402,760.91
(b)      Class A-1 Distribution Principal                                                                         2,093,925.28
                     Scheduled Payments of Principal                                                259,284.88
                     Partial Prepayments                                                             94,835.90
                     Scheduled Principal Balance Principal Prepayment in Full                     1,033,181.92
                     Scheduled Principal Balance Liquidated Contracts                               706,622.58
                     Scheduled Principal Balance Repurchases                                              0.00

(c)      Class A-1 Interest Distribution                                                                            308,835.63
         Class A-1 Interest Shortfall                                                                                     0.00

(d)      Class A-1 Remaining Certificate Balance                                                                 52,810,186.27


(e)      Class A-2 Distribution Amount                                                                              471,073.33
(f)      Class A-2 Distribution Principal                                                                                 0.00
                     Scheduled Payments of Principal                                                      0.00
                     Partial Prepayments                                                                  0.00
                     Scheduled Principal Balance Principal Prepayment in Full                             0.00
                     Scheduled Principal Balance Liquidated Contracts                                     0.00
                     Scheduled Principal Balance Repurchases                                              0.00

(g)      Class A-2 Interest Distribution                                                                            471,073.33
         Class A-2 Interest Shortfall                                                                                     0.00

(h)      Class A-2 Remaining Certificate Balance                                                                 74,380,000.00


(i)      Class A-3 Distribution Amount                                                                               99,125.00
(j)      Class A-3 Distribution Principal                                                                                 0.00
                     Scheduled Payments of Principal                                                      0.00
                     Partial Prepayments                                                                  0.00
                     Scheduled Principal Balance Principal Prepayment in Full                             0.00
                     Scheduled Principal Balance Liquidated Contracts                                     0.00
                     Scheduled Principal Balance Repurchases                                              0.00

(k)      Class A-3 Interest Distribution                                                                             99,125.00
         Class A-3 Interest Shortfall                                                                                     0.00

(l)      Class A-3 Remaining Certificate Balance                                                                 15,000,000.00


(m)      Class A-4 Distribution Amount                                                                              474,833.33
(n)      Class A-4 Distribution Principal                                                                                 0.00
                     Scheduled Payments of Principal                                                      0.00
                     Partial Prepayments                                                                  0.00
                     Scheduled Principal Balance Principal Prepayment in Full                             0.00
                     Scheduled Principal Balance Liquidated Contracts                                     0.00
                     Scheduled Principal Balance Repurchases                                              0.00

(o)      Class A-4 Interest Distribution                                                                            474,833.33
         Class A-4 Interest Shortfall                                                                                     0.00
</TABLE>
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<TABLE>
<S>                                                                                                            <C>    <C>
     (p)      Class A-4 Remaining Certificate Balance                                                                 70,000,000.00


     (q)      Class A-5 Distribution Amount                                                                              162,157.33
     (r)      Class A-5 Distribution Principal                                                                                 0.00
                          Scheduled Payments of Principal                                                      0.00
                          Partial Prepayments                                                                  0.00
                          Scheduled Principal Balance Principal Prepayment in Full                             0.00
                          Scheduled Principal Balance Liquidated Contracts                                     0.00
                          Scheduled Principal Balance Repurchases                                              0.00

     (s)      Class A-5 Interest Distribution                                                                            162,157.33
              Class A-5 Interest Shortfall                                                                                     0.00

     (t)      Class A-5 Remaining Certificate Balance                                                                 24,820,000.00

     (u)      Class M-1 Distribution Amount                                                                              163,625.00
     (v)      Class M-1 Distribution Principal                                                                                 0.00
                          Scheduled Payments of Principal                                                      0.00
                          Partial Prepayments                                                                  0.00
                          Scheduled Principal Balance Principal Prepayment in Full                             0.00
                          Scheduled Principal Balance Liquidated Contracts                                     0.00
                          Scheduled Principal Balance Repurchases                                              0.00

     (w)                  Unpaid Class M Principal Shortfall                                                   0.00
                          Class M-1 Liquidation Loss Amount                                                    0.00
                          Class M-1 Liquidation Loss Interest Amount                                           0.00
                          Class M-1 Unpaid Liquidation Loss Interest Shortfall Amount                          0.00
                          Class M-1 Principal Shortfall Amount

     (x)      Class M-1 Interest Distribution                                                                            163,625.00
              Class M-1 Interest Shortfall                                                                                     0.00

     (y)      Class M-1 Remaining Certificate Balance                                                                 23,800,000.00
              Class M-1 Adjusted Certificate Balance                                                                  23,800,000.00

     (z)      Class M-2 Distribution Amount                                                                              174,136.67
    (aa)      Class M-2 Distribution Principal                                                                                 0.00
                          Scheduled Payments of Principal                                                      0.00
                          Partial Prepayments                                                                  0.00
                          Scheduled Principal Balance Principal Prepayment in Full                             0.00
                          Scheduled Principal Balance Liquidated Contracts                                     0.00
                          Scheduled Principal Balance Repurchases                                              0.00

    (bb)                  Unpaid Class M Principal Shortfall                                                   0.00
                          Class M-2 Liquidation Loss Amount                                                    0.00
                          Class M-2 Liquidation Loss Interest Amount                                           0.00
                          Class M-2 Unpaid Liquidation Loss Interest Shortfall Amount                          0.00
                          Class M-2 Principal Shortfall Amount                                                 0.00


    (cc)      Class M-2 Interest Distribution                                                                            174,136.67
              Class M-2 Interest Shortfall                                                                                     0.00

    (dd)      Class M-2 Remaining Certificate Balance                                                                 23,800,000.00
              Class M-2 Adjusted Certificate Balance                                                                  23,800,000.00


    (ee)      Class B-1 Distribution Amount                                                                              140,250.00
    (ff)      Class B-1 Distribution Principal                                                                                 0.00
                          Scheduled Payments of Principal                                                      0.00
                          Partial Prepayments                                                                  0.00
                          Scheduled Principal Balance Principal Prepayment in Full                             0.00
                          Scheduled Principal Balance Liquidated Contracts                                     0.00
                          Scheduled Principal Balance Repurchases                                              0.00

    (gg)                  Unpaid Class B-1 Principal Shortfall                                                 0.00
</TABLE>
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<TABLE>
    <S>                                                                                                        <C>    <C>
                          Class B-1 Liquidation Loss Amount                                                    0.00
                          Class B-1 Liquidation Loss Interest Amount                                           0.00
                          Class B-1 Unpaid Liquidation Loss Interest Shortfall Amount                          0.00
                          Class B-1 Principal Shortfall Amount                                                 0.00


    (hh)      Class B-1 Interest Distribution                                                                           140,250.00
              Class B-1 Interest Shortfall                                                                                    0.00

    (ii)      Class B-1 Remaining Certificate Balance                                                                18,700,000.00
              Class B-1 Adjusted Certificate Balance                                                                 18,700,000.00


    (jj)      Class B-2 Distribution Amount                                                                             191,250.00
    (kk)      Class B-2 Distribution Principal                                                                                0.00
                          Scheduled Payments of Principal                                                      0.00
                          Partial Prepayments                                                                  0.00
                          Scheduled Principal Balance Principal Prepayment in Full                             0.00
                          Scheduled Principal Balance Liquidated Contracts                                     0.00
                          Scheduled Principal Balance Repurchases                                              0.00

    (ll)                  Unpaid Class B-2 Principal Shortfall                                                 0.00
                          Class B-2 Liquidation Loss Amount                                                    0.00
                          Class B-2 Liquidation Loss Interest Amount                                           0.00
                          Class B-2 Unpaid Liquidation Loss Interest Shortfall Amount                          0.00
                          Class B-2 Principal Shortfall Amount                                                 0.00


    (mm)      Class B-2 Interest Distribution                                                                           191,250.00
              Class B-2 Interest Shortfall                                                                                    0.00

    (nn)      Class B-2 Remaining Certificate Balance                                                                25,500,000.00
              Class B-1 Adjusted Certificate Balance                                                                 25,500,000.00


    (oo)      LIBOR                                                                                                         6.6200%
              Class A-1 Pass Through Rate                                                                                   6.7500%
              Class A-2 Pass Through Rate                                                                                   7.6000%
              Class A-3 Pass Through Rate                                                                                   7.9300%
              Class A-4 Pass Through Rate                                                                                   8.1400%
              Class A-5 Pass Through Rate                                                                                   7.8400%
              Class M-1 Pass Through Rate                                                                                   8.2500%
              Class M-2 Pass Through Rate                                                                                   8.7800%
              Class B-1 Pass Through Rate                                                                                   9.0000%
              Class B-2 Pass Through Rate                                                                                   9.0000%

    (pp)      Monthly Servicing Fee                                                                                     275,753.43

    (qq)      Delinquency                                                         # of Contracts                     Prin. Balance
                                                                                  --------------                     -------------
                          a)  One Monthly Payment Delinquent                                 224                      9,953,869.06
                          b)  Two Monthly Payments                                            57                      2,333,209.58
                          c)  Three or more Monthly Payments                                  84                      4,170,476.04
                                                                                    ------------                   ---------------
                                                                                             365                     16,457,554.68
                                                                                    ============                   ===============

                                                                                                                      Difference
    (rr)      Repurchased Contracts                      Contract Number         Repurchase Price                   Paid by Seller
                                                         ---------------         ----------------                   --------------
                                                                       0                     0.00                             0.00
                                                                                     ------------                   --------------
                                                                Total Repurchases            0.00                             0.00
                                                                                     ============                   ==============


    (ss)      Repossessions or Foreclosures                                                Number                   Actual Balance
                                                                                      -----------                   --------------
                                                                BOP Repossessions             130                   $ 5,440,992.47
                                                          Plus Repossessions this              58                     2,108,934.68
                                                                            Month
                                                                Less Liquidations             (24)                     (721,714.45)
                                                                                     ------------                   --------------
                                                                EOP Repossessions             164                   $ 6,828,212.70
                                                                                     ============                   ==============
</TABLE>
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<TABLE>
<S>                                                                                                                   <C>
    (tt)      Senior LOC Draw Amount                                                                                           0.00
              Class B-2 LOC Draw amount                                                                                        0.00
              Senior LOC Undrawn Amount                                                                                1,700,000.00
              Class B-2 Undrawn LOC amount                                                                            25,500,000.00

    (uu)      Monthly Advance                                                                                            200,550.98
              Outstanding Amount Advanced                                                                                474,376.84

    (vv)      Distribution to Class R Certificateholders                                                                       0.00

    (ww)      Net Weighted Average Contract Rate preceeding period                                                            10.29%

    (xx)      Number of Manufactured Homes currently held due to repossession                                                   164
              Principal balance of Manufactured Homes currently held                                                   6,828,212.70

    (yy)      Class A-1 Pool Principal Balance percentage                                                                 82.515916%
              Class A-2 Pool Principal Balance percentage                                                                100.000000%
              Class A-3 Pool Principal Balance percentage                                                                100.000000%
              Class A-4 Pool Principal Balance percentage                                                                100.000000%
              Class A-5 Pool Principal Balance percentage                                                                100.000000%
              Class M-1 Pool Principal Balance percentage                                                                100.000000%
              Class M-2 Pool Principal Balance percentage                                                                100.000000%
              Class B-1 Pool Principal Balance percentage                                                                100.000000%
              Class B-2 Pool Principal Balance percentage                                                                100.000000%

    (zz)      Aggregate Deficiency Amounts                                                                                 4,855.00
              Servicer Deficiency Amounts received                                                                         1,699.25

   (aaa)      Deposit into the Certificate amount from the 2000-2 Reserve                                                      0.00

   (bbb)      Average Sixty-Day elinquency Ratio                                                                        0.018640894
              Current Realized Loss Ratio                                                                               0.026445786
              Cumulative Realized Losses                                                                                 1125504.11
</TABLE>


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