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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 : December 15, 1998
(Date of earliest event reported)
Commission File No.: 333-45467-03
Morgan Stanley Capital I, Inc.
Commercial Mortgage Pass-Through Certificates
Series 1998-WF2
(Exact name of registrant as specified in its charter)
New York (governing law of Pooling and Servicing Agreement)
(State of Incorporation)
Pending
(I.R.S. Employer Identification No.)
c/o Norwest Bank Minnesota, N.A.
11000 Broken Land Parkway
Columbia, Maryland 21044
(Address of principal executive offices) (Zip Code)
(410) 884-2000
Registrant's Full Telephone Number
(Former name, former address and former fiscal year,
if changed since last report)
ITEM 5. Other Events
On December 15,1998 a distribution was made to holders of Morgan Stanley Capital
I, Inc., Commercial Mortgage Pass-Through Certificates Series 1998-WF2
ITEM 7. Financial Statements and Exhibits
(c) Exhibits
Item 601(a) of
Regulation S-K
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Commercial Mortgage
Pass-Through Certificates, Series 1998-WF2, relating to the
December 15, 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.
Morgan Stanley Capital I, Inc.
Commercial Mortgage Pass-Through Certificates
Series 1998-WF2
December 24, 1998 by Norwest Bank Minnesota, N.A., as Trustee
/s/ Edward M. Frere, Vice President
INDEX TO EXHIBITS
Exhibit Number Description
(EX-99.1) Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1998-WF2 Trust,relating to the December 15,
1998 distribution
Norwest Bank Minnesota, N. A.
Corporate Trust Services Morgan Stanley Capital I, Inc.
3 New York Plaza, 15th Floor Commercial Mortgage Pass-Through Certificates
New York, NY 10004 Series 1998-WF2
For Additional Information, please contact
Leslie Gaskill
(212)515-5254
Reports Available on the World Wide Web
@ www.securitieslink.net/cmbs
Payment Date: 12/15/98
Record Date: 11/30/98
DISTRIBUTION DATE STATEMENT
Table of Contents
STATEMENT SECTIONS PAGE(s)
Certificate Distribution Detail 2
Certificate Factor Detail 3
Reconciliation Detail 4
Other Required Information 5
Ratings Detail 6
Current Mortgage Loan and Property Stratification Tables 7-9
Mortgage Loan Detail 10-16
Principal Prepayment Detail 17
Historical Detail 18
Delinquency Loan Detail 19
Specially Serviced Loan Detail 20-21
Modified Loan Detail 22
Liquidated Loan Detail 23
This report has been compiled from information provided to Norwest by various
third parties, which may include the Servicer, Master Servicer, Special Servicer
and others. Norwest has not independently confirmed the accuracy of information
received from these third parties and assumes no duty to do so. Norwest
expressly disclaims any responsibility for the accuracy or completeness of
information furnished by third parties.
Underwriter
Morgan Stanley & Co., Incorporated
1585 Broadway
New York, NY 10036
Contact: General Information Number
Phone Number: (212) 761-4700
Master Servicer
Wells Fargo Bank, National Association
555 Montgomery Street, 17th Floor
San Francisco, CA 94111
Contact: Matilde Sanchez
Phone Number: (510) 677-5225
Special Servicer
CRIIMI MAE Services
Limited Partnership
11200 Rockville Pike
Rockville, MD 20852
Contact: Kathryn Parks
Phone Number: (301) 816-2300
Copyright 1997, Norwest Bank Minnesota, N.A.
<TABLE>
<CAPTION>
Certificate Distribution Detail
Class CUSIP Pass- Through Original Beginning Principal
Rate Balance Balance Distribution
<S> <C> <C> <C> <C> <C>
A-1 61745MGW7 6.340000% 221,000,000.00 215,563,016.93 1,214,280.08
A-2 61745MGX5 6.540000% 564,882,000.00 564,882,000.00 0.00
B 61745MGZ0 6.630000% 53,100,000.00 53,100,000.00 0.00
C 61745MHA4 6.770000% 47,790,000.00 47,790,000.00 0.00
D 61745MHB2 6.911475% 53,100,000.00 53,100,000.00 0.00
E 61745MHC0 7.131475% 21,240,000.00 21,240,000.00 0.00
F 61745MHD8 6.340000% 21,240,000.00 21,240,000.00 0.00
G 61745MHE6 6.340000% 23,896,000.00 23,896,000.00 0.00
H 61745MHF3 6.340000% 10,620,000.00 10,620,000.00 0.00
J 61745MHG1 6.340000% 7,965,000.00 7,965,000.00 0.00
K 61745MHH9 6.340000% 7,965,000.00 7,965,000.00 0.00
L 61745MHJ5 6.340000% 15,930,000.00 15,930,000.00 0.00
M 61745MHK2 6.340000% 5,310,000.00 5,310,000.00 0.00
N 61745MHL0 6.340000% 7,965,094.00 7,965,094.00 0.00
R-I N/A 0.000000% 0.00 0.00 0.00
R-II N/A 0.000000% 0.00 0.00 0.00
R-III N/A 0.000000% 0.00 0.00 0.00
Totals 1,062,003,094.00 1,056,566,110.93 1,214,280.08
</TABLE>
<TABLE>
<CAPTION>
Class CUSIP Interest Prepayment Realized Loss Total
Distribution Premiums Distribution
<S> <C> <C> <C> <C> <C>
A-1 61745MGW7 1,138,891.27 0.00 0.00 2,353,171.35
A-2 61745MGX5 3,078,606.90 0.00 0.00 3,078,606.90
B 61745MGZ0 293,377.50 0.00 0.00 293,377.50
C 61745MHA4 269,615.25 0.00 0.00 269,615.25
D 61745MHB2 305,832.78 0.00 0.00 305,832.78
E 61745MHC0 126,227.11 0.00 0.00 126,227.11
F 61745MHD8 112,218.00 0.00 0.00 112,218.00
G 61745MHE6 126,250.53 0.00 0.00 126,250.53
H 61745MHF3 56,109.00 0.00 0.00 56,109.00
J 61745MHG1 42,081.75 0.00 0.00 42,081.75
K 61745MHH9 42,081.75 0.00 0.00 42,081.75
L 61745MHJ5 84,163.50 0.00 0.00 84,163.50
M 61745MHK2 28,054.50 0.00 0.00 28,054.50
N 61745MHL0 42,082.25 0.00 0.00 42,082.25
R-I N/A 0.00 0.00 0.00 0.00
R-II N/A 0.00 0.00 0.00 0.00
R-III N/A 0.00 0.00 0.00 0.00
Totals 5,745,592.09 0.00 0.00 6,959,872.17
</TABLE>
<TABLE>
<CAPTION>
Current Subordination
Class CUSIP Ending Balance Level(1)
<S> <C> <C> <C>
A-1 61745MGW7 214,348,736.85 26.16%
A-2 61745MGX5 564,882,000.00 26.16%
B 61745MGZ0 53,100,000.00 21.13%
C 61745MHA4 47,790,000.00 16.60%
D 61745MHB2 53,100,000.00 11.57%
E 61745MHC0 21,240,000.00 9.56%
F 61745MHD8 21,240,000.00 7.55%
G 61745MHE6 23,896,000.00 5.28%
H 61745MHF3 10,620,000.00 4.28%
J 61745MHG1 7,965,000.00 3.52%
K 61745MHH9 7,965,000.00 2.77%
L 61745MHJ5 15,930,000.00 1.26%
M 61745MHK2 5,310,000.00 0.75%
N 61745MHL0 7,965,094.00 0.00%
R-I N/A 0.00 0.00%
R-II N/A 0.00 0.00%
R-III N/A 0.00 0.00%
Totals 1,055,351,830.85
<FN>
Calculated by taking (A) the sum of the ending certificate balance of all
classes less (B) the sum of (I) the ending certificate balance of the designated
class and (ii) the ending certificate balance of all classes which are not
subordinate to the designated class and dividing the result by (A).
</FN>
</TABLE>
<TABLE>
<CAPTION>
Original Beginning
Pass-Through Notional Notional
Class CUSIP Rate Amount Amount
<S> <C> <C> <C> <C>
X 61745MGY3 0.675892% 1,062,003,094.00 1,056,566,110.93
</TABLE>
<TABLE>
<CAPTION>
Interest Prepayment Total Ending
Class CUSIP Distribution Premiums Distribution Notional
Amount
<S> <C> <C> <C> <C> <C>
X 61745MGY3 595,103.55 0.00 595,103.55 1,055,351,830.85
</TABLE>
<TABLE>
<CAPTION>
Certificate Factor Detail
Beginning Principal Interest Prepayment Realized Ending
Class CUSIP Balance Distribution Distribution Premiums Loss Balance
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 61745MGW7 975.39826665 5.49448000 5.15335416 0.00000000 0.00000000 969.90378665
A-2 61745MGX5 1,000.00000000 0.00000000 5.45000000 0.00000000 0.00000000 1,000.00000000
B 61745MGZ0 1,000.00000000 0.00000000 5.52500000 0.00000000 0.00000000 1,000.00000000
C 61745MHA4 1,000.00000000 0.00000000 5.64166667 0.00000000 0.00000000 1,000.00000000
D 61745MHB2 1,000.00000000 0.00000000 5.75956271 0.00000000 0.00000000 1,000.00000000
E 61745MHC0 1,000.00000000 0.00000000 6.94289595 0.00000000 0.00000000 1,000.00000000
F 61745MHD8 1,000.00000000 0.00000000 5.28333333 0.00000000 0.00000000 1,000.00000000
G 61745MHE6 1,000.00000000 0.00000000 5.28333319 0.00000000 0.00000000 1,000.00000000
H 61745MHF3 1,000.00000000 0.00000000 5.28333333 0.00000000 0.00000000 1,000.00000000
J 61745MHG1 1,000.00000000 0.00000000 5.28333333 0.00000000 0.00000000 1,000.00000000
K 61745MHH9 1,000.00000000 0.00000000 5.28333333 0.00000000 0.00000000 1,000.00000000
L 61745MHJ5 1,000.00000000 0.00000000 5.28333333 0.00000000 0.00000000 1,000.00000000
M 61745MHK2 1,000.00000000 0.00000000 5.28333333 0.00000000 0.00000000 1,000.00000000
N 61745MHL0 1,000.00000000 0.00000000 5.28333376 0.00000000 0.00000000 1,000.00000000
R-I N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-II N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-III N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
</TABLE>
<TABLE>
<CAPTION>
Beginnning Ending
Notional Interest Prepayment Notional
Class CUSIP Amount Distribution Premiums Amount
<S> <C> <C> <C> <C> <C>
X 61745MGY3 994.88044517 0.56035953 0.00000000 993.73705859
</TABLE>
<TABLE>
<CAPTION>
Reconciliation Detail
Advance Summary
<S> <C>
P & I Advances Outstanding 71,209.57
Servicing Advances Outstanding 0.00
Reimbursement for Interest on Advances
paid from general collections 0.00
</TABLE>
<TABLE>
<CAPTION>
Servicing Fee Breakdowns
<S> <C>
Current Period Accrued Servicing Fees 47,369.72
Less Delinquent Servicing Fees 821.40
Less Reductions to Servicing Fees 0.00
Plus Servicing Fees for Delinquent Payments Received 627.55
Plus Adjustments for Prior Servicing Calculation 0.00
Total Servicing Fees Collected 47,175.87
</TABLE>
<TABLE>
<CAPTION>
Certificate Interest Reconciliation
Class Accrued Net Aggregate Realized Previously Unpaid Distributable Distributable Interest Remaining
Certificate Prepayment Losses/ Interest (including Certificate Certif. Int Distrib. Unpaid
Interest Interest Shortfall Expense Losses Interest thereon) Interest Adjustment Interest
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 1,138,891.27 0.00 0.00 0.00 1,138,891.27 0.00 1,138,891.27 0.00
A-2 3,078,606.90 0.00 0.00 0.00 3,078,606.90 0.00 3,078,606.90 0.00
X 595,103.55 0.00 0.00 0.00 595,103.55 0.00 595,103.55 0.00
B 293,377.50 0.00 0.00 0.00 293,377.50 0.00 293,377.50 0.00
C 269,615.25 0.00 0.00 0.00 269,615.25 0.00 269,615.25 0.00
D 305,832.78 0.00 0.00 0.00 305,832.78 0.00 305,832.78 0.00
E 126,227.11 0.00 0.00 0.00 126,227.11 0.00 126,227.11 0.00
F 112,218.00 0.00 0.00 0.00 112,218.00 0.00 112,218.00 0.00
G 126,250.53 0.00 0.00 0.00 126,250.53 0.00 126,250.53 0.00
H 56,109.00 0.00 0.00 0.00 56,109.00 0.00 56,109.00 0.00
J 42,081.75 0.00 0.00 0.00 42,081.75 0.00 42,081.75 0.00
K 42,081.75 0.00 0.00 0.00 42,081.75 0.00 42,081.75 0.00
L 84,163.50 0.00 0.00 0.00 84,163.50 0.00 84,163.50 0.00
M 28,054.50 0.00 0.00 0.00 28,054.50 0.00 28,054.50 0.00
N 42,082.25 0.00 0.00 0.00 42,082.25 0.00 42,082.25 0.00
Totals 6,340,695.64 0.00 0.00 0.00 6,340,695.64 0.00 6,340,695.64 0.00
</TABLE>
<TABLE>
<CAPTION>
Other Required Information
<S> <C>
Available Distribution Amount 7,554,975.72
Principal Distribution Amount 1,214,280.08
(a) Principal portion of scheduled payment 1,214,280.08
(b) Principal payments 0.00
(c) Principal portion of balloon payments 0.00
(d) Liquidation, condemnation, purchase, and insurance 0.00
proceeds and REO income received on a mortgage loan
Aggregate Number of Outstanding Mortgage Loans 219
Aggregate Unpaid Principal Balance of the Mortgage Loans 1,055,360,060.35
Aggregate scheduled principal balance of the mortgage loans 1,055,351,830.85
Total servicing and special servicing fee paid 47,175.87
Servicing fee paid 42,778.48
Special servicing fee paid 0.00
Special servicing standby fee paid 4,397.39
Trusee Fee paid 2,641.48
Expense losses (additional trust fund expenses) 0.00
(i) Special servicing and liquidation fees 0.00
(ii) Advance interest 0.00
(iii) Indemmnification expenses 0.00
(iv) Taxes imposed on the trust 0.00
(v) Amount of any advance not recovered 0.00
upon a final recovery determination
</TABLE>
<TABLE>
<CAPTION>
Appraisal Reduction Amount
Appraisal Date Appraisal
Loan Reduction Reduction
Number Effected Effected
<S> <C> <C>
None
</TABLE>
<TABLE>
<CAPTION>
Ratings Detail
Original Ratings
Class Cusip DCR Fitch Moody's S&P
<S> <C> <C> <C> <C> <C>
A-1 61745MGW7 AAA AAA X X
A-2 61745MGX5 AAA AAA X X
X 61745MGY3 AAA AAA X X
B 61745MGZ0 AA AA X X
C 61745MHA4 A A X X
D 61745MHB2 BBB BBB X X
E 61745MHC0 BBB- NR X X
F 61745MHD8 BB+ BB+ X X
G 61745MHE6 BB BB X X
H 61745MHF3 BB- BB- X X
J 61745MHG1 B+ B+ X X
K 61745MHH9 B B X X
L 61745MHJ5 NR B- X X
M 61745MHK2 NR CCC X X
N 61745MHL0 NR NR X X
</TABLE>
<TABLE>
<CAPTION>
Current Ratings (1)
Class Cusip DCR Fitch Moody's S&P
<S> <C> <C> <C> <C> <C>
A-1 61745MGW7 AAA AAA X X
A-2 61745MGX5 AAA AAA X X
X 61745MGY3 AAA AAA X X
B 61745MGZO AA AA X X
C 61745MHA4 A A X X
D 61745MHB2 BBB BBB X X
E 61745MHCO BBB- NR X X
F 61745MHD8 BB+ BB+ X X
G 61745MHE6 BB BB X X
H 61745MHF3 BB- BB- X X
J 61745MHG1 B+ B+ X X
K 61745MHH9 B B X X
L 61745MHJ5 NR B- X X
M 61745MHK2 NR CCC X X
N 61745MHLO NR NR X X
<FN>
NR - Designates that the class was not rated by the above agency at the time of
original issuance.
X - Designates that the above rating agency did not rate any classes in this
transaction at the time of original issuance.
N/A - Data not available this period.
1) For any class not rated at the time of original issuance by any particular
rating agency, no request has been made subsequent to issuance to obtain rating
information, if any, from such rating agency. The current ratings were obtained
directly from the applicable rating agency within 30 days of the payment date
listed above. The ratings may have changed since they were obtained. Because the
ratings may have changed, you may want to obtain current ratings directly from
the rating agencies.
Duff & Phelps Credit Rating Co.
55 East Monroe Street
Chicago, Illinois 60603
(312) 368- 3100
Fitch IBCA, Inc.
One State Street Plaza
New York, New York 10004
(212) 908- 0500
Moodys Investors Service
99 Church Street
New York, New York 10007
(212) 553- 0300
Standard & Poors Rating Services
26 Broadway
New York, New York 10004
(212) 208- 8000
</FN>
</TABLE>
<TABLE>
<CAPTION>
Current Mortgage Loan and Property Stratification Tables
Scheduled Balance
% of
Scheduled # of Scheduled Agg WAM Weighted
Balance Loans Balance Bal. (2) WAC Avg DSCR(1)
<S> <C> <C> <C> <C> <C> <C>
Below 1,000,000 17 14,355,918.29 1.36 119 7.3724 1.738301
1,000,001 to 2,000,000 53 82,316,431.84 7.80 141 7.2595 1.575068
2,000,001 to 3,000,000 39 94,330,964.17 8.94 126 7.3050 1.623196
3,000,001 to 4,000,000 34 120,599,034.36 11.43 119 7.1459 1.663628
4,000,001 to 5,000,000 26 115,697,459.53 10.96 121 7.3619 1.538414
5,000,001 to 6,000,000 12 64,977,282.25 6.16 116 7.3652 1.582153
6,000,001 to 7,000,000 3 19,261,210.68 1.83 110 7.1871 1.651596
7,000,001 to 8,000,000 5 37,935,872.40 3.59 91 6.9949 1.531763
8,000,001 to 9,000,000 7 60,119,962.59 5.70 120 7.4340 1.504845
9,000,001 to 10,000,000 2 18,356,772.97 1.74 113 7.0200 1.666995
10,000,001 to 15,000,000 9 103,319,425.83 9.79 104 7.1678 1.672042
15,000,001 to 20,000,000 4 67,042,235.72 6.35 178 7.7103 1.635103
20,000,001 to 25,000,000 1 20,673,076.19 1.96 173 7.6800 1.560000
25,000,001 and greater 7 236,366,184.03 22.40 150 7.1058 1.442342
Totals 219 1,055,351,830.85 100.00 131 7.2583 1.568853
</TABLE>
<TABLE>
<CAPTION>
State (3)
# of Scheduled % of Weighted
State Props. Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
Alabama 1 5,241,743.61 0.50 51 6.6850 2.700000
Arizona 9 41,689,167.63 3.95 113 7.0885 1.696211
California 100 391,070,544.19 37.06 129 7.2730 1.648003
Colorado 11 75,658,891.04 7.17 141 7.0789 1.637775
Florida 15 57,651,557.01 5.46 107 7.3129 1.386338
Georgia 5 15,433,401.65 1.46 120 7.2795 1.432136
Illinois 2 5,267,206.69 0.50 111 7.2338 1.260954
Indiana 6 28,780,596.98 2.73 126 7.1259 1.410499
Kansas 1 2,581,473.84 0.24 109 7.7600 1.310000
Maine 2 5,677,432.38 0.54 110 7.6050 1.458293
Maryland 3 22,868,806.17 2.17 110 7.6038 1.512258
Massachusetts 2 4,616,701.80 0.44 111 7.4664 1.696841
Michigan 4 19,720,664.47 1.87 127 7.2369 1.423507
Minnesota 3 19,067,244.80 1.81 112 7.3650 1.535497
Missouri 2 7,767,055.78 0.74 112 7.4483 1.506438
Nevada 6 9,709,922.69 0.92 118 7.3214 1.600155
New Hampshire 1 8,516,148.56 0.81 110 7.6050 1.470000
New Jersey 3 57,981,312.25 5.49 110 7.1799 1.390504
New Mexico 1 8,309,231.80 0.79 110 7.6550 1.510000
New York 1 17,341,607.50 1.64 129 8.0500 2.560000
North Carolina 5 12,057,691.38 1.14 110 7.2278 1.379846
Ohio 7 24,962,953.79 2.37 123 7.2802 1.386090
Oregon 3 5,254,892.49 0.50 111 7.1272 1.683005
Rhode Island 1 13,521,275.71 1.28 112 7.0800 1.390000
South Carolina 2 3,081,228.31 0.29 181 7.1487 1.229403
Texas 11 38,715,238.99 3.67 121 6.7998 1.838049
Utah 3 9,106,003.49 0.86 141 7.3436 1.437193
Vermont 1 3,276,295.54 0.31 110 7.3900 1.350000
Virginia 3 41,081,821.10 3.89 109 7.1455 1.324340
Washington 5 15,300,925.17 1.45 113 7.1593 1.622253
Washington, DC 1 51,556,117.18 4.89 292 7.4600 1.270000
West Virginia 1 5,261,410.85 0.50 110 7.7400 1.430000
Wisconsin 6 27,225,266.01 2.58 111 7.2614 1.500424
Totals 227 1,055,351,830.85 100.00 131 7.2583 1.568853
</TABLE>
<TABLE>
<CAPTION>
Debt Service Coverage Ratio
Debt Service # of Scheduled % of Weighted
Coverage Ratio Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
1.15 or less 2 2,945,560.29 0.28 205 7.2431 1.083168
1.16 to 1.25 14 64,899,845.45 6.15 155 7.7954 1.218613
1.26 to 1.35 28 211,310,819.44 20.02 167 7.3527 1.289638
1.36 to 1.50 72 355,285,245.60 33.67 115 7.2249 1.429218
1.51 to 1.75 54 209,120,876.53 19.82 127 7.2326 1.587593
1.76 to 2.00 22 99,493,902.26 9.43 117 6.9930 1.877900
2.01 and above 27 112,295,581.28 10.64 112 7.1589 2.442483
Total 219 1,055,351,830.85 100.00 131 7.2583 1.568853
</TABLE>
<TABLE>
<CAPTION>
Note Rate
Note # of Scheduled % of Weighted
Rate Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
6.750% or less 14 97,683,089.91 9.26 108 6.6767 1.897133
6.751% to 7.001% 43 197,032,675.74 18.67 123 6.9244 1.703931
7.001% to 7.250% 54 270,055,101.43 25.59 112 7.1262 1.505909
7.251% to 7.500% 48 241,855,403.83 22.92 154 7.3795 1.441797
7.501% to 7.750% 39 157,679,404.34 14.94 140 7.6137 1.477153
7.751% to 8.000% 13 35,879,607.90 3.40 124 7.8840 1.361581
8.001% to 8.250% 5 28,341,664.31 2.69 124 8.0737 2.248552
8.251% to 8.500% 3 26,824,883.39 2.54 204 8.2768 1.258604
Totals 219 1,055,351,830.85 100.00 131 7.2583 1.568853
</TABLE>
<TABLE>
<CAPTION>
Property Type(3)
Property # of Scheduled % of Weighted
Type Props Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
Industrial 37 96,597,684.60 9.15 113 7.2619 1.543635
Lodging 20 124,634,548.21 11.81 117 7.6259 1.657302
Mobil Home Park 8 27,752,494.78 2.63 98 7.1668 1.521925
Multi-Family 61 273,436,183.92 25.91 121 7.0236 1.549360
Office 25 187,009,573.69 17.72 161 7.2632 1.494642
Other 2 22,480,597.16 2.13 209 7.5850 1.285936
Retail 61 275,305,968.95 26.09 131 7.3351 1.594145
Self Storage 13 48,134,779.54 4.56 115 7.0736 1.804019
Totals 227 1,055,351,830.85 100.00 131 7.2583 1.568853
</TABLE>
<TABLE>
<CAPTION>
Seasoning
# of Scheduled % of Weighted
Seasoning Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
12 months or less 212 979,049,532.13 97.77 129 7.2093 1.565565
13 to 24 months 6 74,043,712.56 7.02 147 7.8841 1.612901
25 to 36 months 1 2,258,586.16 0.21 51 7.9600 1.550000
37 to 48 months 0 0.00 0.00 0 0.0000 0.000000
49 and greater 0 0.00 0.00 0 0.0000 0.000000
Totals 219 1,055,351,830.85 100.00 131 7.2583 1.568853
</TABLE>
<TABLE>
<CAPTION>
Anticipated Remaining Term (ARD and Balloon Loans)
Anticipated # of Scheduled % of Weighted
Remaining Term(2) Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
60 months or less 5 28,948,255.66 2.74 51 7.1908 2.070242
61 to 120 months 170 804,773,804.06 76.26 111 7.1810 1.553266
121 to 180 months 14 76,074,167.23 7.21 159 7.6112 1.838085
181 to 240 months 5 29,565,400.38 2.80 228 7.9889 1.313258
241 to 300 months 0 0.00 0.00 0 0.0000 0.000000
Totals 194 939,361,627.33 89.01 116 7.2416 1.584710
</TABLE>
<TABLE>
<CAPTION>
Remaining Stated Term (Fully Amortizing Loans)
Remaining # of Scheduled % of Weighted
Stated Term Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
60 months or less 0 0.00 0.00 0 0.0000 0.000000
61 to 120 months 1 1,998,371.87 0.19 110 6.9100 1.290000
121 to 180 months 12 22,562,532.36 2.14 172 7.3404 1.900716
181 to 240 months 11 39,873,182.11 3.78 232 7.3619 1.407885
241 to 300 months 1 51,556,117.18 4.89 292 7.4600 1.270000
Totals 25 115,990,203.52 10.99 245 7.3935 1.440432
</TABLE>
<TABLE>
<CAPTION>
Remaining Amortization Term (ARD and Balloon Loans)
Remaining # of Scheduled % of Weighted
Amortization Term Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
60 months or less 0 0.00 0.00 0 0.0000 0.000000
61 to 120 months 1 2,149,658.69 0.20 49 6.8000 2.580000
121 to 180 months 2 1,458,376.92 0.14 112 6.8813 2.039831
181 to 240 months 16 40,580,097.81 3.85 113 7.4232 1.626176
241 to 300 months 85 343,714,293.94 32.57 113 7.3392 1.640525
301 months or greater 90 551,459,199.97 52.25 119 7.1700 1.541787
Totals 194 939,361,627.33 89.01 116 7.2416 1.584710
</TABLE>
<TABLE>
<CAPTION>
Age of Most Recent NOI
Age of Most # of Scheduled % of Weighted
Recent NOI Loans Balance Agg. WAM WAC Avg DSCR(1)
Bal. (2)
<S> <C> <C> <C> <C> <C> <C>
Underwriter's Information 219 1,055,351,830.85 100.00 131 7.2583 1.568853
1 year or less 0 0.00 0.00 0 0.0000 0.000000
1 to 2 years 0 0.00 0.00 0 0.0000 0.000000
2 years or greater 0 0.00 0.00 0 0.0000 0.000000
Totals 219 1,055,351,830.85 100.00 131 7.2583 1.568853
<FN>
(1) Debt Service Coverage Ratios are calculated as described in the prospectus,
values are updated periodically as new NOI figures become available from
borrowers on an asset level. The Trustee makes no representations as to the
accuracy of the data provided by the borrower for this calculation. "NAP" means
not applicable and relates to the ommission of credit lease loans in the
calculation of DSCR.
(2)Anticipated Remaining Term and WAM are each calculated based upon the term
from the current month to the earlier of the Anticipated Repayment Date, if
applicable, and the maturity date.
(3) Data in this table was calculated by allocating pro- rata the current loan
information to the properties based upon the Cut- off Date Balance of each
property as disclosed in the offering document.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Mortgage Loan Detail
Loan Property Interest Principal Gross
Number ODCR Type (1) City State Payment Payment Coupon
<S> <C> <C> <C> <C> <C> <C> <C>
700851733 1 OF Washington DC 320,892.82 62,030.66 7.460%
700851674 2 OF Arlington VA 210,978.97 29,750.57 7.190%
310851088 3 SS San Juan Capistrano CA 198,958.48 44,264.37 6.940%
310850886 10 RT Westminster CO 168,215.19 27,747.71 6.690%
310851076 11 RT Los Angeles CA 171,547.07 25,972.78 6.897%
600870150 12 OF Secaucus NJ 175,119.63 25,277.68 7.040%
310850772 13 MF Blackwood NJ 155,337.50 21,346.65 7.310%
310850797 14.1 RT Santa Ana CA 36,192.29 3,662.10 8.260%
310850695 14.2 RT Santa Ana CA 114,039.85 11,539.09 8.260%
310850983 15 LO San Diego CA 132,459.33 23,694.38 7.680%
310851086 16 OT Highlands Ranch CO 112,463.63 33,570.17 7.520%
600870151 17 RT Long Island City NY 116,417.82 12,601.48 8.050%
310851040 18 MF West Lafayette IN 88,293.18 12,984.85 6.950%
700851744 19 RT Cranston RI 79,842.61 11,370.40 7.080%
310851046 20 LO San Francisco CA 72,676.80 14,601.94 7.320%
600870152 21 MF Madison WI 69,712.79 10,284.76 7.020%
600870153 22 MF Harrison Township MI 68,064.88 9,710.63 7.120%
310850981 23 OF Cupertino CA 65,635.27 10,026.84 6.890%
310850947 24 MF Mesa AZ 61,675.55 10,680.35 6.540%
600870154 25 RT Bel Air MD 67,690.67 8,771.50 7.440%
600870155 26 MF Minnetonka MN 63,143.88 8,607.66 7.210%
310850933 27 LO San Diego CA 69,278.13 11,693.03 7.990%
310850899 28 RT Cameron Park CA 52,713.61 10,732.18 7.350%
310851058 29 RT Cameron Park CA 7,185.28 1,224.70 7.890%
310851023 30 MF Mesquite TX 51,920.17 8,244.99 6.725%
310850880 31 IN Lodi CA 55,581.88 11,331.82 7.320%
310851024 32 MF Dallas TX 49,966.18 7,934.70 6.725%
600880000 33 LO College Park MD 55,813.38 10,257.47 7.655%
700851739 34 LO San Diego CA 54,667.25 9,971.07 7.660%
600880001 35 LO Portsmouth NH 54,035.61 10,180.74 7.605%
310850881 36 IN Fairfield CA 52,610.21 10,496.19 7.420%
600880002 37 LO Albuquerque NM 53,068.85 9,855.77 7.655%
310851028 38 MF Lancaster TX 44,104.23 7,003.81 6.725%
310850859 39 IN Union City CA 47,331.77 9,651.60 7.370%
700851713 40 MF Vista CA 42,735.91 7,001.58 6.710%
310850869 41 MH Nokomis FL 44,572.27 9,493.37 7.220%
600870156 42 MF Parma OH 42,618.13 6,415.62 6.960%
600870157 43 RT Orlando FL 39,820.97 5,806.73 7.070%
310850964 44 OF Los Gatos CA 38,098.26 8,237.06 7.095%
600870158 45 MF Statesboro GA 37,554.46 4,881.82 7.415%
310850980 47 MF Madison WI 35,101.07 4,998.57 7.045%
310851069 48 MH Pleasanton CA 35,655.71 4,909.24 7.160%
700851715 49 MH Bakersfield CA 35,810.22 4,957.70 7.210%
310851031 50 MF Puyallup WA 31,268.94 7,166.45 6.875%
700851703 51 RT Lake Havasu City AZ 32,527.62 4,503.24 7.210%
310850727 52 OF Charleston WV 33,961.72 3,971.51 7.740%
310850907 53 RT Huntsville AL 29,240.77 7,160.29 6.685%
310851090 54 MF SeaTac WA 31,358.14 6,487.81 7.220%
310850998 55 OF Brea CA 30,620.89 6,497.33 7.110%
600870159 56 MF Durham NC 19,952.21 2,934.20 7.000%
600870160 57 MF Durham NC 9,646.69 1,492.72 6.850%
310851054 58 RT Ponte Vedra Beach FL 32,525.81 3,764.83 7.680%
600870162 59 RT Placentia CA 34,932.32 5,620.02 8.350%
600870161 60 LO Columbia MO 31,172.02 9,301.08 7.550%
600870163 61 RT Aspen CO 29,669.99 4,134.14 7.160%
310850945 62 MF Gainesville FL 29,141.94 6,356.66 7.050%
600870164 63 LO Lake Forest CA 31,703.00 5,801.21 7.670%
310850858 64 RT Healdsburg CA 30,340.88 6,186.92 7.370%
600870165 65 LO Jensen Beach FL 29,797.21 6,214.62 7.255%
600870166 66 OF Ft. Lauderdale FL 28,715.66 3,600.90 7.460%
600870167 67 LO Port St. Lucie FL 29,219.45 5,426.55 7.655%
600870168 68 OT Mayfield Heights OH 29,865.30 3,376.21 7.840%
310850919 69 MF Indianapolis IN 25,820.65 6,106.67 6.800%
600870169 70 RT Coral Springs FL 18,882.34 3,781.33 7.360%
600870170 71 RT Coral Springs FL 8,483.37 1,698.86 7.360%
310850828 72 LO Tempe AZ 29,965.51 8,123.62 8.160%
310850923 73 MF Los Angeles CA 25,365.27 8,837.68 6.990%
310851050 74 MF Tucson AZ 26,809.94 3,474.88 7.340%
600870171 75 LO Eagan MN 27,440.67 8,167.03 7.560%
310850938 76 IN American Canyon CA 25,367.99 5,566.51 7.030%
600880003 77 LO Bangor ME 27,237.46 5,131.76 7.605%
310850860 78 OF Salt Lake City UT 25,509.93 8,660.89 7.170%
310850974 79 MF Los Angeles CA 24,454.00 3,824.37 6.840%
700851687 80 OF Windsor CA 26,854.60 3,344.23 7.545%
600870172 81 LO Rochester MN 26,594.31 7,935.19 7.550%
310850987 82 RT Highlands Ranch CO 24,973.49 3,450.37 7.170%
600870173 83 RT Glenwood Springs CO 24,938.36 3,457.11 7.160%
310850972 84 RT San Jose CA 25,139.09 4,919.94 7.410%
310850959 85 MF Tucson AZ 23,848.89 3,483.60 7.020%
600870174 86 MF Lancaster OH 26,378.54 3,051.05 7.770%
310850903 87 LO La Jolla CA 23,379.14 13,472.82 7.000%
600870175 88 RT Bakersfield CA 24,337.87 3,290.27 7.250%
310851015 89 MF Sierra Vista AZ 23,168.38 3,390.02 6.980%
310851016 90 MF Sierra Vista AZ 23,168.38 3,390.02 6.980%
600870176 91 RT Aspen CO 23,602.04 3,333.20 7.120%
310850892 92 MF Sacramento CA 18,062.07 9,035.97 7.630%
310850891 93 OF Sacramento CA 7,261.55 3,301.49 8.080%
310850982 94 IN Buena Park CA 23,003.76 5,040.13 7.050%
310850879 95 MF Concord CA 22,675.01 5,038.83 7.060%
600870177 96 RT Oshkosh WI 24,264.49 2,919.39 7.600%
600870178 97 IN Hollywood FL 22,929.99 3,109.49 7.190%
310850901 98 MF Victorville CA 22,256.56 3,331.73 6.990%
310850973 99 RT Arvada CO 22,086.46 3,220.56 7.010%
700851734 100 MF Roanoke VA 21,101.32 3,419.54 6.700%
600870179 101 MF Fairview Heights IL 22,612.82 3,129.70 7.180%
600870180 102 OF Holyoke MA 22,392.59 2,879.28 7.400%
310850956 103 RT Torrance CA 20,843.66 4,588.91 6.995%
310850939 104 MF Concord CA 20,367.01 3,162.28 6.825%
310850795 105 SS Redwood City CA 21,832.35 4,397.80 7.340%
310850884 106 MF Santa Ana CA 20,658.95 3,147.05 6.940%
310850871 107 IN Sunnyvale CA 21,344.65 4,537.40 7.190%
310851003 108 IN Ontario CA 21,197.79 2,899.19 7.200%
600870181 109 RT Wallburg NC 21,094.32 2,853.11 7.280%
310850942 110 IN Spring Valley CA 20,079.51 4,557.38 6.955%
310850936 111 OF Marietta GA 20,958.04 4,271.55 7.300%
310850739 112 RT Wixom MI 20,853.26 4,117.84 7.430%
700851731 113 MF Valdosta GA 18,311.74 2,982.43 6.700%
600870182 114 MF South Burlington VT 20,192.74 2,633.29 7.390%
310851006 115 IN Rockville MD 21,556.08 4,686.25 8.020%
600870184 116 RT Boca Raton FL 19,841.38 2,572.35 7.360%
600870183 117 LO Stevens Point WI 20,133.16 6,068.49 7.510%
310851010 118 MF Anaheim CA 17,649.41 4,368.46 6.620%
600870185 119 RT Blue Ash OH 18,988.79 2,645.85 7.160%
310850895 120 OF Citrus Heights CA 19,380.87 3,955.51 7.350%
600870186 121 MF Cincinnati OH 18,191.10 2,702.50 6.970%
310850943 122 IN Culver City CA 18,191.33 3,628.35 7.320%
310850921 123 MF Redlands CA 17,225.70 6,033.27 7.000%
310851045 124 SS Lakeside CA 17,365.24 3,451.30 7.340%
600870187 125 MF Kansas City MO 17,117.12 3,519.61 7.270%
310850992 126 IN Las Vegas NV 16,622.96 3,342.90 7.300%
310850946 127 RT Tucson AZ 16,735.21 2,211.52 7.350%
600870188 128 RT Lansing MI 17,401.66 4,864.00 7.810%
600870189 129 RT Manalapan NJ 16,750.80 2,127.99 7.500%
600870190 130 RT Norcross GA 16,884.54 2,024.61 7.660%
310851059 131 MF Springfield OR 14,912.61 3,347.71 6.930%
600870191 132 MF Pittsburg KS 16,706.07 1,938.61 7.760%
310850897 133 SS Garden Grove CA 16,081.18 3,149.50 7.510%
310850693 134 RT Fishers IN 16,718.56 2,412.11 7.940%
700851719 135 RT Taylorsville City UT 15,140.45 3,058.77 7.330%
310850810 136 MF Isla Vista CA 14,336.58 8,228.91 7.100%
310850874 137 RT Vero Beach FL 14,235.92 2,095.90 7.060%
310850963 138 IN Ventura CA 14,417.42 2,960.88 7.270%
310850931 139 RT Indianapolis IN 14,409.03 7,655.55 7.365%
310850887 140 RT Orem UT 15,157.43 1,811.56 7.670%
310850914 141 IN San Leandro CA 14,043.05 4,795.32 7.160%
310850944 142 OF Bellevue WA 13,993.09 1,926.63 7.180%
310851005 143 MF Santa Clarita CA 12,784.60 2,177.35 6.570%
600870192 144 LO Waupun WI 15,695.59 2,496.26 8.160%
310850817 146 MF Fresno CA 13,331.81 2,027.33 6.930%
310850915 147 SS Vista CA 14,242.99 2,768.77 7.510%
700851613 148 MF Broomfield CO 15,002.34 3,073.12 7.960%
700851727 149 MH Birch Run MI 12,742.45 2,959.70 6.860%
310850890 150 IN Vista CA 12,261.90 14,206.58 6.800%
310851012 151 IN San Jose CA 13,445.67 4,234.69 7.320%
310850888 152 RT Stockton CA 12,715.11 2,918.10 6.900%
310851009 153 OF Danville CA 12,693.81 2,827.28 6.980%
310850877 154 RT Boca Raton FL 13,296.11 1,786.45 7.300%
600870194 155 RT Indianapolis IN 13,822.51 1,695.96 7.590%
310850916 156 IN Manassas Park VA 12,757.78 2,713.38 7.200%
310851000 157 MF Las Vegas NV 12,183.83 1,825.64 6.910%
310850967 158 OF Sacramento CA 11,459.44 2,864.59 6.610%
310850893 159 IN San Angelo TX 11,582.11 12,992.49 6.910%
310851011 160 IN San Jose CA 12,237.07 3,854.04 7.320%
310851049 161 MF Los Angeles CA 11,906.76 1,695.17 7.100%
700851720 162 MF Winston-Salem NC 12,454.16 1,543.83 7.510%
310850993 163 RT Rock Hill SC 11,866.01 4,267.56 7.210%
310850894 164 MF Duncanville TX 11,382.52 1,749.38 6.870%
310850940 165 MH Chico CA 11,920.01 1,655.75 7.200%
310850900 166 IN Santee CA 11,467.25 2,617.34 6.960%
600870195 167 RT Modesto CA 13,117.10 2,253.04 7.950%
310850930 168 RT Indianapolis IN 12,065.38 6,361.40 7.400%
310850855 169 MF Bedford TX 11,018.42 1,733.11 6.830%
310850802 170 RT Canon City CO 11,870.84 3,754.87 7.430%
310851004 171 IN Livermore CA 11,589.48 3,612.40 7.410%
600870196 172 RT Gainesville FL 11,221.17 2,231.03 7.440%
600870197 173 OF Temecula CA 10,605.85 1,502.86 7.110%
600870198 174 OF Danville CA 11,530.32 2,620.99 7.790%
310850925 175 OF San Jose CA 10,170.59 3,470.77 7.070%
310851042 176 IN Las Vegas NV 10,698.77 2,023.07 7.510%
310850913 177 IN Pomona CA 10,527.42 2,046.49 7.510%
310850927 178 OF Austin TX 10,273.54 5,225.38 7.470%
310850911 179 IN Soquel CA 9,556.29 3,399.82 6.970%
310850958 180 MF Temple TX 9,652.09 3,249.51 7.110%
310850847 181 RT Broomfield CO 9,522.62 1,327.16 7.190%
310850922 182 MF Glendale CA 9,173.74 3,221.44 6.990%
310850839 183 IN Culver City CA 9,027.49 3,262.31 6.880%
310851022 184 SS Escondido CA 9,693.23 4,907.22 7.500%
310850999 185 MH Bakersfield CA 8,880.09 1,338.58 6.910%
310850950 186 IN Newbury Park CA 8,709.28 1,385.24 6.790%
310850861 187 IN Corona CA 9,672.82 1,852.21 7.570%
310850932 188 RT Bradley IL 9,164.75 1,190.27 7.370%
310850920 189 RT Danville CA 8,354.23 1,999.97 6.740%
600870199 190 RT Asheville NC 9,537.56 1,136.16 7.680%
600870200 191 MF Parma OH 8,643.02 1,949.10 6.990%
310850961 192 RT Stockton CA 8,788.73 4,853.53 7.190%
310850918 193 RT Tracy CA 9,455.91 2,802.85 7.690%
600870201 194 IN Woodinville WA 9,341.08 1,129.22 7.620%
310850906 195 RT Mesa AZ 8,609.26 1,824.78 7.200%
310850986 196 OF Lighthouse Point FL 9,013.76 1,702.29 7.540%
310851039 197 MF Irving TX 8,029.87 1,802.61 6.930%
310850912 198 MH Eugene OR 8,057.32 1,810.81 6.970%
310850934 199 OF San Jose CA 8,136.47 2,776.62 7.070%
600880004 200 LO Bar Harbor ME 8,786.28 1,655.40 7.605%
310850836 201 MH Clackamas OR 8,276.77 982.75 7.690%
310850910 202 IN Soquel CA 6,988.93 2,486.44 6.970%
310850978 203 RT Fremont OH 6,888.98 1,038.32 6.930%
310850953 204 MF Tyler TX 6,514.01 2,496.56 6.590%
310850909 205 IN Commerce CA 6,898.84 3,940.84 7.080%
310850811 206 IN Van Nuys CA 7,340.46 3,817.81 7.550%
310850867 207 IN Carson City NV 7,134.33 1,455.70 7.330%
600870202 208 MF Greenville SC 6,520.99 960.51 7.040%
310850868 209 IN Carson City NV 6,504.96 1,200.69 7.640%
310850977 210 SS Vista CA 5,945.36 1,244.10 7.190%
310850988 211 IN Rancho Cucamonga CA 5,998.92 1,235.59 7.260%
310850905 212 IN Truckee CA 6,298.76 1,169.38 7.620%
310850876 213 IN San Diego CA 5,914.41 839.66 7.150%
600880005 214 RT Watertown MA 6,357.66 1,169.39 7.710%
310850971 215 MF Sacramento CA 5,958.30 3,204.18 7.310%
310850898 216 RT San Diego CA 6,080.82 1,932.36 7.430%
310850989 217 MF Reno NV 6,164.23 1,141.75 7.600%
310850960 218 MF San Angelo TX 5,256.52 3,171.20 6.790%
310850962 219 IN Ventura CA 5,256.38 1,144.88 7.070%
310850803 220 RT Santee CA 5,216.94 1,020.32 7.420%
310850951 221 OF Kennewick WA 5,430.00 960.85 7.765%
310850926 222 RT Englewood CO 4,505.02 1,308.11 7.030%
310850924 223 RT Victorville CA 3,845.29 690.62 7.760%
310850966 224 OF Santa Ana CA 3,450.51 646.19 7.590%
310850904 225 RT Poway CA 3,527.80 1,014.60 7.830%
310850957 226 MF Oxnard CA 3,135.04 1,820.82 7.040%
Totals 6,390,706.75 1,214,280.08
</TABLE>
<TABLE>
<CAPTION>
Loan Anticipated Neg Beginning Ending Paid
Number Repayment Maturity Amort Scheduled Scheduled Thru
Date Date (Y/N) Balance Balance Date
<S> <C> <C> <C> <C> <C> <C>
700851733 N/A 4/1/2023 N 51,618,147.84 51,556,117.18 12/01/1998
700851674 1/1/2008 1/1/2028 N 35,212,067.93 35,182,317.36 12/01/1998
310851088 N/A 6/1/2008 N 34,402,043.33 34,357,778.96 12/01/1998
310850886 N/A 2/1/2008 N 30,173,128.48 30,145,380.77 12/01/1998
310851076 N/A 5/1/2008 N 29,847,250.77 29,821,277.99 12/01/1998
600870150 N/A 4/1/2008 N 29,849,936.10 29,824,658.42 12/01/1998
310850772 N/A 11/1/2007 N 25,500,000.00 25,478,653.35 12/01/1998
310850797 N/A 11/1/2017 N 5,257,959.39 5,254,297.29 12/01/1998
310850695 N/A 11/1/2017 N 16,567,532.25 16,555,993.16 12/01/1998
310850983 N/A 5/1/2013 N 20,696,770.57 20,673,076.19 12/01/1998
310851086 N/A 6/1/2018 N 17,946,323.95 17,912,753.78 12/01/1998
600870151 N/A 9/1/2009 N 17,354,208.98 17,341,607.50 12/01/1998
310851040 N/A 6/1/2008 N 15,244,866.13 15,231,881.28 12/01/1998
700851744 N/A 4/1/2008 N 13,532,646.11 13,521,275.71 12/01/1998
310851046 N/A 4/1/2003 N 11,914,228.83 11,899,626.89 12/01/1998
600870152 N/A 2/1/2008 N 11,916,717.02 11,906,432.26 12/01/1998
600870153 N/A 2/1/2008 N 11,471,609.51 11,461,898.88 12/01/1998
310850981 N/A 4/1/2008 N 11,431,396.73 11,421,369.89 12/01/1998
310850947 N/A 3/1/2008 N 11,316,615.20 11,305,934.85 12/01/1998
600870154 N/A 12/1/2007 N 10,917,849.92 10,909,078.42 12/01/1998
600870155 N/A 4/1/2008 N 10,509,383.68 10,500,776.02 12/01/1998
310850933 N/A 2/1/2008 N 10,404,725.94 10,393,032.91 12/01/1998
310850899 N/A 2/1/2013 N 8,606,303.19 8,595,571.01 12/01/1998
310851058 N/A 2/1/2013 N 1,092,817.98 1,091,593.28 12/01/1998
310851023 N/A 6/1/2008 N 9,264,565.60 9,256,320.61 12/01/1998
310850880 N/A 3/1/2008 N 9,111,784.18 9,100,452.36 12/01/1998
310851024 N/A 6/1/2008 N 8,915,899.15 8,907,964.45 12/01/1998
600880000 N/A 3/1/2008 N 8,749,322.11 8,739,064.64 12/01/1998
700851739 4/1/2008 4/1/2023 N 8,564,059.54 8,554,088.47 12/01/1998
600880001 N/A 2/1/2008 N 8,526,329.30 8,516,148.56 12/01/1998
310850881 N/A 2/1/2008 N 8,508,389.85 8,497,893.66 12/01/1998
600880002 N/A 2/1/2008 N 8,319,087.57 8,309,231.80 12/01/1998
310851028 N/A 6/1/2008 N 7,869,899.80 7,862,895.99 12/01/1998
310850859 N/A 1/1/2005 N 7,706,665.71 7,697,014.11 12/01/1998
700851713 N/A 2/1/2008 N 7,642,785.61 7,635,784.03 12/01/1998
310850869 N/A 1/1/2003 N 7,408,133.68 7,398,640.31 12/01/1998
600870156 N/A 2/1/2008 N 7,347,953.58 7,341,537.96 12/01/1998
600870157 N/A 1/1/2008 N 6,758,863.66 6,753,056.93 12/01/1998
310850964 N/A 4/1/2008 N 6,443,680.40 6,435,443.34 12/01/1998
600870158 N/A 1/1/2008 N 6,077,592.23 6,072,710.41 11/01/1998
310850980 N/A 6/1/2008 N 5,978,890.00 5,973,891.43 12/01/1998
310851069 N/A 5/1/2008 N 5,975,817.37 5,970,908.13 12/01/1998
700851715 N/A 2/1/2008 N 5,960,092.69 5,955,134.99 12/01/1998
310851031 N/A 5/1/2008 N 5,457,850.48 5,450,684.03 12/01/1998
700851703 N/A 2/1/2008 N 5,413,750.88 5,409,247.64 12/01/1998
310850727 N/A 2/1/2008 N 5,265,382.36 5,261,410.85 12/01/1998
310850907 N/A 3/1/2003 N 5,248,903.90 5,241,743.61 12/01/1998
310851090 N/A 5/1/2008 N 5,211,879.94 5,205,392.13 12/01/1998
310850998 N/A 6/1/2008 N 5,168,082.92 5,161,585.59 12/01/1998
600870159 N/A 3/1/2008 N 3,420,378.89 3,417,444.69 12/01/1998
600870160 N/A 3/1/2008 N 1,689,930.74 1,688,438.02 12/01/1998
310851054 N/A 5/1/2008 N 5,082,158.45 5,078,393.62 12/01/1998
600870162 N/A 8/1/2007 N 5,020,212.96 5,014,592.94 12/01/1998
600870161 N/A 5/1/2008 N 4,954,492.66 4,945,191.58 12/01/1998
600870163 N/A 3/1/2008 N 4,972,624.08 4,968,489.94 12/01/1998
310850945 N/A 4/1/2008 N 4,960,330.58 4,953,973.92 12/01/1998
600870164 N/A 3/1/2008 N 4,960,051.87 4,954,250.66 12/01/1998
310850858 N/A 1/1/2013 N 4,940,170.36 4,933,983.44 12/01/1998
600870165 N/A 2/1/2008 N 4,928,552.51 4,922,337.89 12/01/1998
600870166 N/A 4/1/2008 N 4,619,140.80 4,615,539.90 12/01/1998
600870167 N/A 2/1/2008 N 4,580,449.97 4,575,023.42 12/01/1998
600870168 N/A 1/1/2008 N 4,571,219.59 4,567,843.38 12/01/1998
310850919 N/A 3/1/2008 N 4,556,584.69 4,550,478.02 12/01/1998
600870169 N/A 3/1/2008 N 3,078,642.06 3,074,860.73 12/01/1998
600870170 N/A 3/1/2008 N 1,383,158.02 1,381,459.16 12/01/1998
310850828 N/A 11/1/2007 N 4,406,691.94 4,398,568.32 12/01/1998
310850923 N/A 4/1/2018 N 4,354,552.84 4,345,715.16 12/01/1998
310851050 N/A 5/1/2010 N 4,383,097.13 4,379,622.25 12/01/1998
600870171 N/A 5/1/2008 N 4,355,661.20 4,347,494.17 12/01/1998
310850938 N/A 4/1/2008 N 4,330,239.59 4,324,673.08 12/01/1998
600880003 N/A 2/1/2008 N 4,297,824.51 4,292,692.75 12/01/1998
310850860 N/A 1/1/2008 N 4,269,444.23 4,260,783.34 12/01/1998
310850974 N/A 3/1/2008 N 4,290,175.10 4,286,350.73 12/01/1998
700851687 N/A 1/1/2008 N 4,271,109.03 4,267,764.80 12/01/1998
600870172 N/A 5/1/2008 N 4,226,909.80 4,218,974.61 12/01/1998
310850987 N/A 4/1/2008 N 4,179,664.06 4,176,213.69 12/01/1998
600870173 N/A 4/1/2008 N 4,179,612.74 4,176,155.63 12/01/1998
310850972 N/A 5/1/2008 N 4,071,108.00 4,066,188.06 12/01/1998
310850959 N/A 3/1/2008 N 4,076,732.85 4,073,249.25 12/01/1998
600870174 N/A 1/1/2013 N 4,073,906.05 4,070,855.00 12/01/1998
310850903 N/A 4/1/2013 N 4,007,852.88 3,994,380.06 12/01/1998
600870175 N/A 3/1/2008 N 4,028,336.81 4,025,046.54 12/01/1998
310851015 N/A 5/1/2008 N 3,983,102.30 3,979,712.28 12/01/1998
310851016 N/A 5/1/2008 N 3,983,102.30 3,979,712.28 12/01/1998
600870176 N/A 3/1/2008 N 3,977,872.72 3,974,539.52 12/01/1998
310850892 N/A 4/1/2013 N 2,840,691.93 2,831,655.96 12/01/1998
310850891 N/A 4/1/2013 N 1,078,448.58 1,075,147.09 12/01/1998
310850982 N/A 4/1/2008 N 3,915,533.79 3,910,493.66 12/01/1998
310850879 N/A 1/1/2008 N 3,854,109.17 3,849,070.34 12/01/1998
600870177 N/A 3/1/2008 N 3,831,236.05 3,828,316.66 12/01/1998
600870178 N/A 6/1/2008 N 3,826,979.93 3,823,870.44 12/01/1998
310850901 N/A 2/1/2013 N 3,820,869.46 3,817,537.73 12/01/1998
310850973 N/A 4/1/2008 N 3,780,849.70 3,777,629.14 12/01/1998
700851734 N/A 4/1/2008 N 3,779,340.33 3,775,920.79 12/01/1998
600870179 N/A 3/1/2008 N 3,779,301.52 3,776,171.82 12/01/1998
600870180 N/A 3/1/2008 N 3,631,230.76 3,628,351.48 12/01/1998
310850956 N/A 5/1/2008 N 3,575,753.82 3,571,164.91 12/01/1998
310850939 N/A 4/1/2018 N 3,581,013.35 3,577,851.07 12/01/1998
310850795 N/A 2/1/2008 N 3,569,321.85 3,564,924.05 12/01/1998
310850884 N/A 1/1/2008 N 3,572,152.28 3,569,005.23 12/01/1998
310850871 N/A 2/1/2008 N 3,562,388.70 3,557,851.30 12/01/1998
310851003 N/A 5/1/2008 N 3,532,964.38 3,530,065.19 12/01/1998
600870181 N/A 2/1/2008 N 3,477,085.97 3,474,232.86 12/01/1998
310850942 N/A 3/1/2008 N 3,464,473.79 3,459,916.41 12/01/1998
310850936 N/A 3/1/2008 N 3,445,157.98 3,440,886.43 12/01/1998
310850739 N/A 3/1/2008 N 3,367,956.56 3,363,838.72 12/01/1998
700851731 N/A 3/1/2008 N 3,279,714.20 3,276,731.77 12/01/1998
600870182 N/A 2/1/2008 N 3,278,928.83 3,276,295.54 12/01/1998
310851006 N/A 5/1/2008 N 3,225,349.36 3,220,663.11 12/01/1998
600870184 N/A 4/1/2008 N 3,235,006.94 3,232,434.59 12/01/1998
600870183 N/A 5/1/2008 N 3,217,015.86 3,210,947.37 12/01/1998
310851010 N/A 5/1/2008 N 3,199,287.94 3,194,919.48 12/01/1998
600870185 N/A 3/1/2008 N 3,182,479.44 3,179,833.59 12/01/1998
310850895 N/A 1/1/2008 N 3,164,223.02 3,160,267.51 12/01/1998
600870186 N/A 3/1/2008 N 3,131,896.11 3,129,193.61 12/01/1998
310850943 N/A 6/1/2008 N 2,982,185.59 2,978,557.24 12/01/1998
310850921 N/A 3/1/2018 N 2,952,976.56 2,946,943.29 12/01/1998
310851045 N/A 5/1/2008 N 2,839,003.37 2,835,552.07 12/01/1998
600870187 N/A 3/1/2008 N 2,825,383.81 2,821,864.20 12/01/1998
310850992 N/A 5/1/2008 N 2,732,540.89 2,729,197.99 12/01/1998
310850946 N/A 2/1/2008 N 2,732,279.96 2,730,068.44 11/01/1998
600870188 N/A 5/1/2018 N 2,673,750.75 2,668,886.75 12/01/1998
600870189 N/A 12/1/2007 N 2,680,128.47 2,678,000.48 12/01/1998
600870190 N/A 1/1/2013 N 2,645,097.65 2,643,073.04 12/01/1998
310851059 N/A 5/1/2008 N 2,582,270.17 2,578,922.46 12/01/1998
600870191 N/A 1/1/2008 N 2,583,412.45 2,581,473.84 12/01/1998
310850897 N/A 1/1/2008 N 2,569,562.47 2,566,412.97 12/01/1998
310850693 N/A 1/1/2008 N 2,526,733.93 2,524,321.82 12/01/1998
700851719 N/A 3/1/2008 N 2,478,654.62 2,475,595.85 12/01/1998
310850810 N/A 2/1/2013 N 2,423,084.05 2,414,855.14 12/01/1998
310850874 N/A 1/1/2008 N 2,419,703.55 2,417,607.65 12/01/1998
310850963 N/A 4/1/2008 N 2,379,767.13 2,376,806.25 12/01/1998
310850931 N/A 4/1/2013 N 2,347,702.87 2,340,047.32 12/01/1998
310850887 N/A 1/1/2018 N 2,371,435.86 2,369,624.30 12/01/1998
310850914 N/A 1/1/2011 N 2,353,583.60 2,348,788.28 12/01/1998
310850944 N/A 5/1/2008 N 2,338,678.50 2,336,751.87 12/01/1998
310851005 N/A 4/1/2008 N 2,335,086.95 2,332,909.60 12/01/1998
600870192 N/A 3/1/2008 N 2,308,174.55 2,305,678.29 12/01/1998
310850817 N/A 2/1/2008 N 2,308,538.59 2,306,511.26 12/01/1998
310850915 N/A 2/1/2008 N 2,275,843.23 2,273,074.46 12/01/1998
700851613 N/A 3/1/2003 N 2,261,659.28 2,258,586.16 12/01/1998
700851727 N/A 3/1/2008 N 2,228,999.82 2,226,040.12 12/01/1998
310850890 N/A 1/1/2003 N 2,163,865.27 2,149,658.69 12/01/1998
310851012 N/A 5/1/2008 N 2,204,208.59 2,199,973.90 12/01/1998
310850888 N/A 3/1/2008 N 2,211,322.69 2,208,404.59 12/01/1998
310851009 N/A 4/1/2008 N 2,182,317.21 2,179,489.93 12/01/1998
310850877 N/A 2/1/2008 N 2,185,662.03 2,183,875.58 12/01/1998
600870194 N/A 1/1/2013 N 2,185,377.29 2,183,681.33 12/01/1998
310850916 N/A 2/1/2008 N 2,126,296.33 2,123,582.95 12/01/1998
310851000 N/A 5/1/2008 N 2,115,859.84 2,114,034.20 12/01/1998
310850967 N/A 4/1/2005 N 2,080,382.49 2,077,517.90 12/01/1998
310850893 N/A 2/1/2008 N 2,011,364.36 1,998,371.87 12/01/1998
310851011 N/A 5/1/2008 N 2,006,077.50 2,002,223.46 12/01/1998
310851049 N/A 4/1/2008 N 2,012,409.71 2,010,714.54 12/01/1998
700851720 N/A 3/1/2008 N 1,990,012.82 1,988,468.99 12/01/1998
310850993 N/A 6/1/2017 N 1,974,924.56 1,970,657.00 12/01/1998
310850894 N/A 3/1/2008 N 1,988,212.85 1,986,463.47 12/01/1998
310850940 N/A 2/1/2008 N 1,986,667.61 1,985,011.86 12/01/1998
310850900 N/A 2/1/2008 N 1,977,112.83 1,974,495.49 12/01/1998
600870195 N/A 1/1/2008 N 1,979,939.17 1,977,686.13 12/01/1998
310850930 N/A 4/1/2013 N 1,956,548.61 1,950,187.21 12/01/1998
310850855 N/A 1/1/2008 N 1,935,886.09 1,934,152.98 12/01/1998
310850802 N/A 2/1/2018 N 1,917,229.09 1,913,474.22 12/01/1998
310851004 N/A 4/1/2018 N 1,876,838.77 1,873,226.37 12/01/1998
600870196 N/A 1/1/2018 N 1,809,865.59 1,807,634.56 12/01/1998
600870197 N/A 3/1/2008 N 1,790,017.15 1,788,514.29 12/01/1998
600870198 N/A 1/1/2008 N 1,776,173.25 1,773,552.26 12/01/1998
310850925 N/A 4/1/2008 N 1,726,267.20 1,722,796.43 12/01/1998
310851042 N/A 5/1/2008 N 1,709,523.85 1,707,500.78 12/01/1998
310850913 N/A 2/1/2008 N 1,682,144.98 1,680,098.49 12/01/1998
310850927 N/A 6/1/2013 N 1,650,368.39 1,645,143.01 12/01/1998
310850911 N/A 2/1/2008 N 1,645,271.62 1,641,871.80 12/01/1998
310850958 N/A 4/1/2018 N 1,629,044.36 1,625,794.85 12/01/1998
310850847 N/A 3/1/2008 N 1,589,310.05 1,587,982.89 12/01/1998
310850922 N/A 3/1/2018 N 1,574,891.13 1,571,669.69 12/01/1998
310850839 N/A 3/1/2018 N 1,574,562.20 1,571,299.89 12/01/1998
310851022 N/A 6/1/2013 N 1,550,917.34 1,546,010.12 12/01/1998
310850999 N/A 5/1/2013 N 1,542,127.92 1,540,789.34 12/01/1998
310850950 N/A 3/1/2008 N 1,539,194.99 1,537,809.75 12/01/1998
310850861 N/A 1/1/2008 N 1,533,339.30 1,531,487.09 12/01/1998
310850932 N/A 3/1/2008 N 1,492,225.14 1,491,034.87 12/01/1998
310850920 N/A 4/1/2008 N 1,487,400.31 1,485,400.34 12/01/1998
600870199 N/A 1/1/2008 N 1,490,242.98 1,489,106.82 11/01/1998
600870200 N/A 2/1/2013 N 1,483,780.89 1,481,831.79 12/01/1998
310850961 N/A 4/1/2013 N 1,466,825.10 1,461,971.57 12/01/1998
310850918 N/A 2/1/2018 N 1,475,563.96 1,472,761.11 12/01/1998
600870201 N/A 2/1/2008 N 1,471,036.63 1,469,907.41 12/01/1998
310850906 N/A 2/1/2008 N 1,434,877.10 1,433,052.32 12/01/1998
310850986 N/A 4/1/2008 N 1,434,550.60 1,432,848.31 12/01/1998
310851039 N/A 5/1/2008 N 1,390,453.16 1,388,650.55 12/01/1998
310850912 N/A 3/1/2008 N 1,387,199.30 1,385,388.49 12/01/1998
310850934 N/A 4/1/2008 N 1,381,013.75 1,378,237.13 12/01/1998
600880004 N/A 2/1/2008 N 1,386,395.03 1,384,739.63 12/01/1998
310850836 N/A 1/1/2008 N 1,291,564.29 1,290,581.54 12/01/1998
310850910 N/A 2/1/2008 N 1,203,258.27 1,200,771.83 12/01/1998
310850978 N/A 4/1/2008 N 1,192,896.78 1,191,858.46 12/01/1998
310850953 N/A 5/1/2008 N 1,186,162.28 1,183,665.72 12/01/1998
310850909 N/A 3/1/2013 N 1,169,294.07 1,165,353.23 12/01/1998
310850811 N/A 2/1/2013 N 1,166,696.17 1,162,878.36 12/01/1998
310850867 N/A 2/1/2008 N 1,167,967.30 1,166,511.60 12/01/1998
600870202 N/A 1/1/2008 N 1,111,531.82 1,110,571.31 12/01/1998
310850868 N/A 3/1/2008 N 1,021,721.76 1,020,521.07 12/01/1998
310850977 N/A 4/1/2008 N 992,271.01 991,026.91 12/01/1998
310850988 N/A 4/1/2008 N 991,556.40 990,320.81 12/01/1998
310850905 N/A 3/1/2008 N 991,931.11 990,761.73 12/01/1998
310850876 N/A 1/1/2008 N 992,628.10 991,788.44 12/01/1998
600880005 N/A 1/1/2008 N 989,519.71 988,350.32 12/01/1998
310850971 N/A 4/1/2013 N 978,107.47 974,903.29 12/01/1998
310850898 N/A 1/1/2008 N 982,097.39 980,165.03 12/01/1998
310850989 N/A 5/1/2013 N 973,298.80 972,157.05 12/01/1998
310850960 N/A 4/1/2008 N 928,986.69 925,815.49 12/01/1998
310850962 N/A 4/1/2008 N 892,171.39 891,026.51 12/01/1998
310850803 N/A 4/1/2008 N 843,710.28 842,689.96 12/01/1998
310850951 N/A 4/1/2008 N 839,150.58 838,189.73 12/01/1998
310850926 N/A 2/1/2008 N 768,993.41 767,685.30 12/01/1998
310850924 N/A 3/1/2008 N 594,632.42 593,941.80 12/01/1998
310850966 N/A 3/1/2008 N 545,535.84 544,889.65 12/01/1998
310850904 N/A 1/1/2008 N 540,659.44 539,644.84 12/01/1998
310850957 N/A 3/1/2008 N 534,382.25 532,561.43 12/01/1998
Totals 1,056,566,110.93 1,055,351,830.85
<FN>
(1) Property Type Code
MF- Multi- Family
RT- Retail
HC- Health Care
IN- Industrial
WH- Warehouse
MH- Mobile Home Park
OF- Office
MU- Mixed Use
LO- Lodging
SS- Self Storage
OT- Other
(2) Resolution Strategy Code
1- Modification
2- Foreclosure
3- Bankruptcy
4- Extension
5- Note Sale
6- DPO
7- REO
8- Resolved
9- Pending Return to Master Server
10- Deed In Lieu of Foreclosure
(3) Modification Code
1- Maturity Date Extension
2- Amortization Change
3- Principal Write- Off
4- Combination
</FN>
</TABLE>
Principal Payment Detail
No Principal Prepayments this Period
<TABLE>
<CAPTION>
Historical Detail
Delinquencies
Distribution 30-59 Days 60-89 Days 90 Days or More Foreclosure REO Modifications
Date # Balance # Balance # Balance # Balance # Balance # Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
12/15/1998 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
11/16/1998 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
10/15/1998 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
9/15/1998 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
8/17/1998 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
7/15/1998 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
</TABLE>
<TABLE>
<CAPTION>
Prepayments
Distribution Curtailments Payoff
Date # Amount # Amount
<S> <C> <C> <C> <C>
12/15/1998 0 $0.00 0 $0.00
11/16/1998 0 $0.00 0 $0.00
10/15/1998 0 $0.00 0 $0.00
9/15/1998 0 $0.00 0 $0.00
8/17/1998 0 $0.00 0 $0.00
7/15/1998 0 $0.00 0 $0.00
</TABLE>
<TABLE>
<CAPTION>
Rate and Maturities
Distribution Next Weighted Avg. WAM
Date Coupon Remit
<S> <C> <C> <C>
12/15/1998 7.258275% 7.201472% 131
11/16/1998 7.258276% 7.201475% 132
10/15/1998 7.258273% 7.201475% 133
9/15/1998 7.258272% 7.201477% 134
8/17/1998 7.258269% 7.201477% 135
7/15/1998 7.258266% 7.201476% 136
<FN>
Note: Foreclosure and REO Totals are excluded from the delinquencies aging
categories.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Delinquency Loan Detail
Offering # of Current Outstanding Status of
Loan Number Document Months Paid Through P & I P & I Mortgage
Cross- Reference Delinq. Date Advances Advances** Loan(1)
<S> <C> <C> <C> <C> <C> <C>
600870158 45 0 11/01/1998 41,843.71 41,843.71 B
310850946 127 0 11/01/1998 18,837.44 18,837.44 B
600870199 190 0 11/01/1998 10,528.42 10,528.42 B
Totals 3 71,209.57 71,209.57
</TABLE>
<TABLE>
<CAPTION>
Resolution Current
Loan Number Strategy Servicing Foreclosure Servicing
Code(2) Transfer Date Date Advances
<S> <C> <C> <C> <C>
600870158
310850946
600870199
Totals 0.00
</TABLE>
<TABLE>
<CAPTION>
Outstanding
Loan Number Servicing Bankruptcy REO
Advances Date Date
<S> <C> <C> <C>
600870158
310850946
600870199
Totals 0.00
<FN>
(1) Status of Mortgage Loan
A- Payment Not Received But Still in Grace Period
B- Late Payment But Less Than 1 Month Delinquent
0- Current
1- One Month Delinquent
2- Two Months Delinquent
3- Three Or More Months Delinquent
4- Assumed Scheduled Payment (Performing Matured Balloon)
7- Foreclosure
9- REO
(2) Resolution Strategy Code
1- Modification
2- Foreclosure
3- Bankruptcy
4- Extension
5- Note Sale
6- DPO
7- REO
8- Resolved
9- Pending Return to Master Servicer
10-Deed In Lieu Of Foreclosure
** Outstanding P & I Advances include the current period advance
</FN>
</TABLE>
Specially Serviced Loan Detail - Part 1
No Specially Serviced Loans this Period
Specially Serviced Loan Detail - Part 2
No Specially Serviced Loans this Period
Modified Loan Detail
No Modified Loans
Liquidated Loan Detail
No Liquidated Loans this Period
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