SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant To Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 27,
1998.
CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
Wilshire Mortgage Funding Company V, Inc., a Delaware corporation,
its successors and permitted assigns, as Unaffiliated Seller (the
"Unaffiliated Seller"), Wilshire Servicing Corporation, a Delaware
corporation ("WSC"), its successors and permitted assigns, as Master
Servicer (the "Master Servicer"), Credit Suisse First Boston
Mortgage Securities Corp., a Delaware corporation, as Depositor
(the "Depositor"), and Bankers Trust Company of California, N.A., a
national banking association chartered under the laws of the United
States, its successors and permitted assigns, as Trustee (the
"Trustee") and as Back-up Servicer (the "Back-up Servicer") under
the Pooling and Servicing Agreement, dated as of September 15, 1997,
providing for the issuance of the Wilshire Funding Corporation
Mortgage Backed Certificates, Series 1997-WFC1.
WILSHIRE FUNDING CORPORATION MORTGAGE BACKED CERTIFICATES,
SERIES 1997-WFC1
(Exact name of Registrant as specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
333-44593-08 13-3320910
(Commission File Number) (I.R.S. Employer Identification No.)
11 MADISON AVENUE
NEW YORK, NEW YORK 10010
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (212) 325-2000
Item 5. Other Events
Attached hereto is a copy of the Monthly Remittance Statements
to the Certificateholders which was derived from the monthly
information submitted by the Master Servicer of the Trust to the
Trustee.
Item 7. Financial Statement and Exhibits
Exhibits: (as noted in Item 5 above)
Monthly Report to Certificateholders as to distributions made on
July 27, 1998.
Monthly Report to Certificateholders as to distributions made on
August 25, 1998.
Monthly Report to Certificateholders as to distributions made on
September 25, 1998.
Monthly Report to Certificateholders as to distributions made on
October 26, 1998.
Monthly Report to Certificateholders as to distributions made on
November 25, 1998.
SIGNATURE
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.
Bankers Trust Company, not in its
Individual capacity, but solely as a
Duly authorized agent of the Registrant
pursuant to the Pooling and Servicing
Agreement, dated as of June 1, 1998.
Date: December 29, 1998 By: /s/ Judy L. Gomez
Judy L. Gomez
Assistant Vice President
EXHIBIT INDEX
Document
Monthly Report to Certificateholders as to distributions made on
July 27, 1998.
Monthly Report to Certificateholders as to distributions made on
August 25, 1998.
Monthly Report to Certificateholders as to distributions made on
September 25, 1998.
Monthly Report to Certificateholders as to distributions made on
October 26, 1998.
Monthly Report to Certificateholders as to distributions made on
November 25, 1998.
Wilshire Funding Corporation
Mortgage Backed Certificates
Series 1997- WFC1
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
Reg Int 46,655,248.00 33,519,182.83 245,802.76 1,744,150.01 1,
>989,952.77 0.00 0.00 31,775,032.82
Reg Int 8,807,123.00 8,609,681.68 63,136.49 21,693.58
> 84,830.07 0.00 0.00 8,587,988.10
Reg Int 6,605,342.00 6,457,261.03 47,352.37 16,270.19
> 63,622.56 0.00 0.00 6,440,990.84
Reg Int 5,137,489.00 5,022,314.90 36,829.62 12,654.59
> 49,484.21 0.00 0.00 5,009,660.31
Reg Int 35,584,475.00 25,767,685.05 162,018.76 1,618,319.50 1,
>780,338.26 0.00 0.00 24,149,365.55
Reg Int 26,166,367.00 21,392,206.16 158,293.60 506,115.04
>664,408.64 0.00 0.00 20,886,091.12
Reg Int 1,682,950.00 1,357,719.76 0.00 30,959.54
> 30,959.54 0.00 0.00 1,326,760.22
Reg Int 9,908,014.00 9,685,892.52 71,028.55 24,405.28
> 95,433.83 0.00 0.00 9,661,487.24
Reg Int 1,834,817.00 1,793,683.42 13,153.43 4,519.50
> 17,672.93 0.00 0.00 1,789,163.92
Reg Int 4,403,561.76 4,304,841.09 31,568.25 10,846.79
> 42,415.04 0.00 0.00 4,293,994.30
R-II 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 146,785,386.76 117,910,468.44 829,183.83 3,989,934.02 4,
>819,117.85 0.00 0.00 113,920,534.42
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
Reg Int A 718.443996 5.268491 37.383790
> 42.652281 681.060206 8.799836% NA
Reg Int B 977.581633 7.168798 2.463186
> 9.631984 975.118447 8.799836% NA
Reg Int C 977.581635 7.168799 2.463187
> 9.631986 975.118448 8.799836% NA
Reg Int D 977.581636 7.168798 2.463186
> 9.631984 975.118450 8.799836% NA
Reg Int E 724.127166 4.553074 45.478246
> 50.031320 678.648921 7.545207% NA
Reg Int F 817.545904 6.049506 19.342198
> 25.391704 798.203706 8.879511% NA
Reg Int G 806.749909 0.000000 18.395995
> 18.395995 788.353914 0.000000% 0.000000%
Reg Int H 977.581634 7.168798 2.463186
> 9.631984 975.118449 8.799836% NA
Reg Int I 977.581644 7.168797 2.463188
> 9.631985 975.118456 8.799836% NA
Reg Int J 977.581632 7.168799 2.463186
> 9.631985 975.118446 8.799836% NA
R-II 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% 0.000000%
SELLER: Wilshire Mortgage Funding Company V, Inc. ADMI
>NISTRATOR: Jennifer C. Bohannon
SERVICER: Wilshire Servicing Corporation
> Bankers Trust Company
LEAD UNDERWRITER: Credit Suisse First Boston Mortgage Securitie
> 3 Park Plaza
RECORD DATE: June 30, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: July 27, 1998
> FACTOR INFORMATION(800) 735-7777
Page 1 of 3
> (c) COPYRIGHT 1998 Bankers Trust Company
Wilshire Funding Corporation
Mortgage Backed Certificates
Series 1997- WFC1
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
A-I 46,655,248.00 33,519,182.83 202,511.73 1,744,150.01 1,
>946,661.74 0.00 0.00 31,775,032.82
A-II 35,584,475.00 25,767,685.05 162,018.76 1,618,319.50 1,
>780,338.26 0.00 0.00 24,149,365.55
A-III 26,166,367.00 21,392,206.16 158,293.60 506,115.04
>664,408.64 0.00 0.00 20,886,091.12
PO 1,682,950.00 1,357,719.76 0.00 30,959.54
> 30,959.54 0.00 0.00 1,326,760.22
IO(*) 67,205,202.00 53,608,440.44 69,236.91 0.00
> 69,236.91 0.00 0.00 51,813,672.07
M-1 8,807,123.00 8,609,681.68 52,016.83 21,693.58
> 73,710.41 0.00 0.00 8,587,988.10
M-2 6,605,342.00 6,457,261.03 39,012.62 16,270.19
> 55,282.81 0.00 0.00 6,440,990.84
M-3 5,137,489.00 5,022,314.90 30,343.15 12,654.59
> 42,997.74 0.00 0.00 5,009,660.31
B-1 9,908,014.00 9,685,892.52 71,028.55 24,405.28
> 95,433.83 0.00 0.00 9,661,487.24
B-2 1,834,817.00 1,793,683.42 13,153.43 4,519.50
> 17,672.93 0.00 0.00 1,789,163.92
B-3 4,403,561.76 4,304,841.09 31,568.25 10,846.79
> 42,415.04 0.00 0.00 4,293,994.30
R-I 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 146,785,386.76 117,910,468.44 829,183.83 3,989,934.02 4,
>819,117.85 0.00 0.00 113,920,534.42
(*) Represents Notional Balance
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
A-I 22540ACR7 718.443996 4.340599 37.383790
> 41.724390 681.060206 7.250000% 7.250000%
A-II 22540ACS5 724.127166 4.553074 45.478246
> 50.031320 678.648921 7.545207% NA
A-III 22540ACT3 817.545904 6.049506 19.342198
> 25.391704 798.203706 8.879511% NA
PO 22540ACV8 806.749909 0.000000 18.395995
> 18.395995 788.353914 0.000000% 0.000000%
IO(*) 22540ACU0 797.682900 1.030231 0.000000
> 1.030231 770.977105 1.549836% NA
M-1 22540ACW6 977.581633 5.906223 2.463186
> 8.369408 975.118447 7.250000% 7.250000%
M-2 22540ACX4 977.581635 5.906223 2.463187
> 8.369409 975.118448 7.250000% 7.250000%
M-3 22540ACY2 977.581636 5.906222 2.463186
> 8.369408 975.118450 7.250000% 7.250000%
B-1 22540ACZ9 977.581634 7.168798 2.463186
> 9.631984 975.118449 8.799836% NA
B-2 22540ADA3 977.581644 7.168797 2.463188
> 9.631985 975.118456 8.799836% NA
B-3 22540ADB1 977.581632 7.168799 2.463186
> 9.631985 975.118446 8.799836% NA
R-I 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% 0.000000%
SELLER: Wilshire Mortgage Funding Company V, Inc. ADMI
>NISTRATOR: Jennifer C. Bohannon
SERVICER: Wilshire Servicing Corporation
> Bankers Trust Company
LEAD UNDERWRITER: Credit Suisse First Boston Mortgage Securitie
> 3 Park Plaza
RECORD DATE: June 30, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: July 27, 1998
> FACTOR INFORMATION(800) 735-7777
Page 2 of 3
> (c) COPYRIGHT 1998 Bankers Trust Company
> Wilshire Funding Corpor
>ation
> Mortgage Backed Certifi
>cates
> Series 1997- WFC1
> Statement To Certific
>ateholders
> Distribution Date:
> July 27, 1998
> DELINQUENCY ADVANCES FO
>R DISTRIBUTION DATE:
> INTEREST:
> 246,465.09
>
> PRINCIPAL:
> 82,650.13
>
> UNREIMBURSED DELINQUENC
>Y ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
>
> UNREIMBURSED SERVICING
>ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
>
>
> 0
> DELINQUENT LOAN
> 31-60 61-90 91 +
> INFORMATION:
> DAYS DAYS DAYS TOTAL
>
> PRINCIPAL BALANCE
> 5,555,557.58 2,488,027.19 2,569,851.41 10,613,436.18
>
> NUMBER OF LOANS
> 109 45 63 217
>
> FORECLOSURE LOAN INFORM
>ATION:
> PRINCIPAL BALANCE
> 2,162,449.36
>
> NUMBER OF LOANS
> 37
>
> BANKRUPTCY LOAN INFORMA
>TION:
> PRINCIPAL BALANCE
> 0.00
>
> NUMBER OF LOANS
> 0
>
> REO LOAN INFORMATION:
>
> PRINCIPAL BALANCE
> 45,684.54
>
> NUMBER OF LOANS
> 2
>
> BOOK VALUE PRINCIPAL BA
>LANCE OF REO LOANS: #N/A
> PRINCIPAL PREPAYMENTS
> 3,707,425.46
>
> SUBSTITUTION AMOUNTS OR
> REPURCHASE AMOUNTS 0.00
>
> OTHER UNSCHEDULED RECOV
>ERIES 0.00
>
>
> Page 3 of 3 (c) COPYRIGHT 1998 B
>
ankers Trust Company
Wilshire Funding Corporation
Mortgage Backed Certificates
Series 1997- WFC1
Revised
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
Reg Int 46,655,248.00 31,775,032.82 232,457.29 2,354,885.13 2,
>587,342.42 0.00 0.00 29,420,147.69
Reg Int 8,807,123.00 8,587,988.10 62,827.33 21,592.97
> 84,420.30 0.00 0.00 8,566,395.13
Reg Int 6,605,342.00 6,440,990.84 47,120.49 16,194.72
> 63,315.21 0.00 0.00 6,424,796.12
Reg Int 5,137,489.00 5,009,660.31 36,649.27 12,595.89
> 49,245.16 0.00 0.00 4,997,064.42
Reg Int 35,584,475.00 24,149,365.55 150,672.08 587,946.88
>738,618.96 0.00 0.00 23,561,418.67
Reg Int 26,166,367.00 20,886,091.12 153,706.65 577,285.91
>730,992.56 0.00 0.00 20,308,805.21
Reg Int 1,682,950.00 1,326,760.22 0.00 61,245.89
> 61,245.89 0.00 0.00 1,265,514.33
Reg Int 9,908,014.00 9,661,487.24 70,680.75 24,292.08
> 94,972.83 0.00 0.00 9,637,195.16
Reg Int 1,834,817.00 1,789,163.92 13,089.02 4,498.53
> 17,587.55 0.00 0.00 1,784,665.39
Reg Int 4,403,561.76 4,293,994.30 31,413.67 10,796.48
> 42,210.15 35,361.84 0.00 4,247,835.98
R-II 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 146,785,386.76 113,920,534.42 798,616.55 3,671,334.48 4,
>469,951.03 35,361.84 0.00 110,213,838.10
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
Reg Int A 681.060206 4.982447 50.474175
> 55.456621 630.586032 8.778866% NA
Reg Int B 975.118447 7.133695 2.451762
> 9.585457 972.666685 8.778866% NA
Reg Int C 975.118448 7.133694 2.451761
> 9.585455 972.666687 8.778866% NA
Reg Int D 975.118450 7.133693 2.451760
> 9.585453 972.666690 8.778866% NA
Reg Int E 678.648921 4.234208 16.522567
> 20.756776 662.126353 7.487008% NA
Reg Int F 798.203706 5.874207 22.062135
> 27.936341 776.141572 8.831139% NA
Reg Int G 788.353914 0.000000 36.391984
> 36.391984 751.961930 0.000000% 0.000000%
Reg Int H 975.118449 7.133695 2.451761
> 9.585456 972.666688 8.778866% NA
Reg Int I 975.118456 7.133692 2.451759
> 9.585452 972.666696 8.778866% NA
Reg Int J 975.118446 7.133696 2.451761
> 9.585457 964.636404 8.778866% NA
R-II 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% 0.000000%
SELLER: Wilshire Mortgage Funding Company V, Inc. ADMI
>NISTRATOR: Jennifer C. Bohannon
SERVICER: Wilshire Servicing Corporation
> Bankers Trust Company
LEAD UNDERWRITER: Credit Suisse First Boston Mortgage Securitie
> 3 Park Plaza
RECORD DATE: July 31, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: August 25, 1998
> FACTOR INFORMATION(800) 735-7777
Page 1 of 3
> (c) COPYRIGHT 1998 Bankers Trust Company
Wilshire Funding Corporation
Mortgage Backed Certificates
Series 1997- WFC1
Revised
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
A-I 46,655,248.00 31,775,032.82 191,974.16 2,354,885.13 2,
>546,859.29 0.00 0.00 29,420,147.69
A-II 35,584,475.00 24,149,365.55 150,672.08 587,946.88
>738,618.96 0.00 0.00 23,561,418.67
A-III 26,166,367.00 20,886,091.12 153,706.65 577,285.91
>730,992.56 0.00 0.00 20,308,805.21
PO 1,682,950.00 1,326,760.22 0.00 61,245.89
> 61,245.89 0.00 0.00 1,265,514.33
IO(*) 67,205,202.00 51,813,672.07 66,013.45 0.00
> 66,013.45 0.00 0.00 49,408,403.36
M-1 8,807,123.00 8,587,988.10 51,885.76 21,592.97
> 73,478.73 0.00 0.00 8,566,395.13
M-2 6,605,342.00 6,440,990.84 38,914.32 16,194.72
> 55,109.04 0.00 0.00 6,424,796.12
M-3 5,137,489.00 5,009,660.31 30,266.69 12,595.89
> 42,862.58 0.00 0.00 4,997,064.42
B-1 9,908,014.00 9,661,487.24 70,680.75 24,292.08
> 94,972.83 0.00 0.00 9,637,195.16
B-2 1,834,817.00 1,789,163.92 13,089.02 4,498.53
> 17,587.55 0.00 0.00 1,784,665.39
B-3 4,403,561.76 4,293,994.30 31,413.67 10,796.48
> 42,210.15 35,361.84 0.00 4,247,835.98
R-I 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 146,785,386.76 113,920,534.42 798,616.55 3,671,334.48 4,
>469,951.03 35,361.84 0.00 110,213,838.10
(*) Represents Notional Balance
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
A-I 22540ACR7 681.060206 4.114739 50.474175
> 54.588913 630.586032 7.250000% 7.250000%
A-II 22540ACS5 678.648921 4.234208 16.522567
> 20.756776 662.126353 7.487008% NA
A-III 22540ACT3 798.203706 5.874207 22.062135
> 27.936341 776.141572 8.831139% NA
PO 22540ACV8 788.353914 0.000000 36.391984
> 36.391984 751.961930 0.000000% 0.000000%
IO(*) 22540ACU0 770.977105 0.982267 0.000000
> 0.982267 735.187186 1.528866% NA
M-1 22540ACW6 975.118447 5.891340 2.451762
> 8.343103 972.666685 7.250000% 7.250000%
M-2 22540ACX4 975.118448 5.891341 2.451761
> 8.343102 972.666687 7.250000% 7.250000%
M-3 22540ACY2 975.118450 5.891339 2.451760
> 8.343099 972.666690 7.250000% 7.250000%
B-1 22540ACZ9 975.118449 7.133695 2.451761
> 9.585456 972.666688 8.778866% NA
B-2 22540ADA3 975.118456 7.133692 2.451759
> 9.585452 972.666696 8.778866% NA
B-3 22540ADB1 975.118446 7.133696 2.451761
> 9.585457 964.636404 8.778866% NA
R-I 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% 0.000000%
SELLER: Wilshire Mortgage Funding Company V, Inc. ADMI
>NISTRATOR: Jennifer C. Bohannon
SERVICER: Wilshire Servicing Corporation
> Bankers Trust Company
LEAD UNDERWRITER: Credit Suisse First Boston Mortgage Securitie
> 3 Park Plaza
RECORD DATE: July 31, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: August 25, 1998
> FACTOR INFORMATION(800) 735-7777
Page 2 of 3
> (c) COPYRIGHT 1998 Bankers Trust Company
> Wilshire Funding Corpor
>ation
> Mortgage Backed Certifi
>cates
> Series 1997- WFC1
> Revised
> Statement To Certific
>ateholders
> Distribution Date:
> August 25, 1998
> DELINQUENCY ADVANCES FO
>R DISTRIBUTION DATE:
> INTEREST:
> 404,641.19
>
> PRINCIPAL:
> 113,620.24
>
> UNREIMBURSED DELINQUENC
>Y ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
>
> UNREIMBURSED SERVICING
>ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
>
> DELINQUENT LOAN
> 31-60 61-90 91 +
> INFORMATION:
> DAYS DAYS DAYS TOTAL
>
> PRINCIPAL BALANCE
> 6,547,957.93 2,964,436.92 2,389,220.44 11,901,615.29
>
> NUMBER OF LOANS
> 117 49 57 223
>
> FORECLOSURE LOAN INFORM
>ATION:
> PRINCIPAL BALANCE
> 2,836,426.84
>
> NUMBER OF LOANS
> 42
>
> BANKRUPTCY LOAN INFORMA
>TION:
> PRINCIPAL BALANCE
> 0.00
>
> NUMBER OF LOANS
> 0
>
> REO LOAN INFORMATION:
>
> PRINCIPAL BALANCE
> 45,607.29
>
> NUMBER OF LOANS
> 2
>
> BOOK VALUE PRINCIPAL BA
>LANCE OF REO LOANS: #N/A
> PRINCIPAL PREPAYMENTS
> 3,377,157.15
>
> SUBSTITUTION AMOUNTS OR
> REPURCHASE AMOUNTS 0.00
>
> OTHER UNSCHEDULED RECOV
>ERIES 19,996.23
>
>
> Page 3 of 3 (c) COPYRIGHT 1998 B
>
ankers Trust Company
Wilshire Funding Corporation
Mortgage Backed Certificates
Series 1997- WFC1
Revised
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
Reg Int 46,655,248.00 29,420,147.69 215,462.05 585,536.70
>800,998.75 0.00 0.00 28,834,610.99
Reg Int 8,807,123.00 8,566,395.13 62,737.04 21,753.04
> 84,490.08 0.00 0.00 8,544,642.09
Reg Int 6,605,342.00 6,424,796.12 47,052.78 16,314.77
> 63,367.55 0.00 0.00 6,408,481.35
Reg Int 5,137,489.00 4,997,064.42 36,596.62 12,689.27
> 49,285.89 0.00 0.00 4,984,375.15
Reg Int 35,584,475.00 23,561,418.67 146,636.69 409,011.40
>555,648.09 0.00 0.00 23,152,407.27
Reg Int 26,166,367.00 20,308,805.21 149,222.72 650,391.15
>799,613.87 0.00 0.00 19,658,414.06
Reg Int 1,682,950.00 1,265,514.33 0.00 8,988.79
> 8,988.79 0.00 0.00 1,256,525.54
Reg Int 9,908,014.00 9,637,195.16 70,576.45 24,472.16
> 95,048.61 0.00 0.00 9,612,723.00
Reg Int 1,834,817.00 1,784,665.39 13,069.71 4,531.88
> 17,601.59 0.00 0.00 1,780,133.51
Reg Int 4,403,561.76 4,247,835.98 31,108.34 10,786.72
> 41,895.06 0.00 0.00 4,237,049.26
R-II 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 146,785,386.76 110,213,838.10 772,462.40 1,744,475.88 2,
>516,938.28 0.00 0.00 108,469,362.22
0.01
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
Reg Int A 630.586032 4.618174 12.550286
> 17.168460 618.035746 8.788007% NA
Reg Int B 972.666685 7.123443 2.469937
> 9.593380 970.196748 8.788007% NA
Reg Int C 972.666687 7.123443 2.469936
> 9.593379 970.196751 8.788007% NA
Reg Int D 972.666690 7.123445 2.469936
> 9.593381 970.196754 8.788007% NA
Reg Int E 662.126353 4.120805 11.494097
> 15.614902 650.632257 7.468312% NA
Reg Int F 776.141572 5.702844 24.855997
> 30.558842 751.285574 8.817223% NA
Reg Int G 751.961930 0.000000 5.341092
> 5.341092 746.620838 0.000000% 0.000000%
Reg Int H 972.666688 7.123168 2.469936
> 9.593104 970.196752 8.788007% NA
Reg Int I 972.666696 7.123168 2.469936
> 9.593104 970.196761 8.788007% NA
Reg Int J 964.636404 7.064359 2.449544
> 9.513903 962.186859 8.788007% NA
R-II 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% 0.000000%
SELLER: Wilshire Mortgage Funding Company V, Inc. ADMI
>NISTRATOR: Jennifer C. Bohannon
SERVICER: Wilshire Servicing Corporation
> Bankers Trust Company
LEAD UNDERWRITER: Credit Suisse First Boston Mortgage Securitie
> 3 Park Plaza
RECORD DATE: August 31, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: September 25, 1998
> FACTOR INFORMATION(800) 735-7777
Page 1 of 3
> (c) COPYRIGHT 1998 Bankers Trust Company
Wilshire Funding Corporation
Mortgage Backed Certificates
Series 1997- WFC1
Revised
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
A-I 46,655,248.00 29,420,147.69 177,746.73 585,536.70
>763,283.43 0.00 0.00 28,834,610.99
A-II 35,584,475.00 23,561,418.67 146,636.69 409,011.40
>555,648.09 0.00 0.00 23,152,407.27
A-III 26,166,367.00 20,308,805.21 149,222.72 650,391.15
>799,613.87 0.00 0.00 19,658,414.06
PO 1,682,950.00 1,265,514.33 0.00 8,988.79
> 8,988.79 0.00 0.00 1,256,525.54
IO(*) 67,205,202.00 49,408,403.36 63,339.38 0.00
> 63,339.38 0.00 0.00 48,772,109.58
M-1 8,807,123.00 8,566,395.13 51,755.30 21,753.04
> 73,508.34 0.00 0.00 8,544,642.09
M-2 6,605,342.00 6,424,796.12 38,816.48 16,314.77
> 55,131.25 0.00 0.00 6,408,481.35
M-3 5,137,489.00 4,997,064.42 30,190.60 12,689.27
> 42,879.87 0.00 0.00 4,984,375.15
B-1 9,908,014.00 9,637,195.16 70,576.45 24,472.16
> 95,048.61 0.00 0.00 9,612,723.00
B-2 1,834,817.00 1,784,665.39 13,069.71 4,531.88
> 17,601.59 0.00 0.00 1,780,133.51
B-3 4,403,561.76 4,247,835.98 31,108.34 10,786.72
> 41,895.06 0.00 0.00 4,237,049.26
R-I 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 146,785,386.76 110,213,838.10 772,462.40 1,744,475.88 2,
>516,938.28 0.00 0.00 108,469,362.22
(*) Represents Notional Balance
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
A-I 22540ACR7 630.586032 3.809791 12.550286
> 16.360077 618.035746 7.250000% 7.250000%
A-II 22540ACS5 662.126353 4.120805 11.494097
> 15.614902 650.632257 7.468312% NA
A-III 22540ACT3 776.141572 5.702844 24.855997
> 30.558842 751.285574 8.817223% NA
PO 22540ACV8 751.961930 0.000000 5.341092
> 5.341092 746.620838 0.000000% 0.000000%
IO(*) 22540ACU0 735.187186 0.942477 0.000000
> 0.942477 725.719262 1.538007% NA
M-1 22540ACW6 972.666685 5.876527 2.469937
> 8.346465 970.196748 7.250000% 7.250000%
M-2 22540ACX4 972.666687 5.876528 2.469936
> 8.346464 970.196751 7.250000% 7.250000%
M-3 22540ACY2 972.666690 5.876528 2.469936
> 8.346465 970.196754 7.250000% 7.250000%
B-1 22540ACZ9 972.666688 7.123168 2.469936
> 9.593104 970.196752 8.788007% NA
B-2 22540ADA3 972.666696 7.123168 2.469936
> 9.593104 970.196761 8.788007% NA
B-3 22540ADB1 964.636404 7.064359 2.449544
> 9.513903 962.186859 8.788007% NA
R-I 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% 0.000000%
SELLER: Wilshire Mortgage Funding Company V, Inc. ADMI
>NISTRATOR: Jennifer C. Bohannon
SERVICER: Wilshire Servicing Corporation
> Bankers Trust Company
LEAD UNDERWRITER: Credit Suisse First Boston Mortgage Securitie
> 3 Park Plaza
RECORD DATE: August 31, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: September 25, 1998
> FACTOR INFORMATION(800) 735-7777
Page 2 of 3
> (c) COPYRIGHT 1998 Bankers Trust Company
> Wilshire Funding Corpor
>ation
> Mortgage Backed Certifi
>cates
> Series 1997- WFC1
> Revised
> Statement To Certific
>ateholders
> Distribution Date:
> September 25, 1998
> DELINQUENCY ADVANCES FO
>R DISTRIBUTION DATE:
> INTEREST:
> 373,153.18
>
> PRINCIPAL:
> 105,275.69
>
> UNREIMBURSED DELINQUENC
>Y ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
>
> UNREIMBURSED SERVICING
>ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
>
> DELINQUENT LOAN
> 31-60 61-90 91 +
> INFORMATION:
> DAYS DAYS DAYS TOTAL
>
> PRINCIPAL BALANCE
> 3,535,332.26 2,608,899.75 3,911,794.20 10,056,026.21
>
> NUMBER OF LOANS
> 68 54 78 200
>
> FORECLOSURE LOAN INFORM
>ATION:
> PRINCIPAL BALANCE
> 2,209,833.18
>
> NUMBER OF LOANS
> 40
>
> BANKRUPTCY LOAN INFORMA
>TION:
> PRINCIPAL BALANCE
> 0.00
>
> NUMBER OF LOANS
> 0
>
> REO LOAN INFORMATION:
>
> PRINCIPAL BALANCE
> 136,563.92
>
> NUMBER OF LOANS
> 3
>
> BOOK VALUE PRINCIPAL BA
>LANCE OF REO LOANS: #N/A
> PRINCIPAL PREPAYMENTS
> 1,476,890.32
>
> SUBSTITUTION AMOUNTS OR
> REPURCHASE AMOUNTS 0.00
>
> OTHER UNSCHEDULED RECOV
>ERIES 0.00
>
>
> Page 3 of 3 (c) COPYRIGHT 1998 B
>
ankers Trust Company
Wilshire Funding Corporation
Mortgage Backed Certificates
Series 1997- WFC1
Revised
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
Reg Int 46,655,248.00 28,834,610.99 210,917.19 1,111,384.28 1,
>322,301.47 0.00 0.00 27,723,226.71
Reg Int 8,807,123.00 8,544,642.09 62,501.69 21,586.44
> 84,088.13 0.00 0.00 8,523,055.65
Reg Int 6,605,342.00 6,408,481.35 46,876.27 16,189.83
> 63,066.10 0.00 0.00 6,392,291.52
Reg Int 5,137,489.00 4,984,375.15 36,459.32 12,592.10
> 49,051.42 0.00 0.00 4,971,783.05
Reg Int 35,584,475.00 23,152,407.27 143,843.44 1,448,207.44 1,
>592,050.88 0.00 0.00 21,704,199.83
Reg Int 26,166,367.00 19,658,414.06 144,366.30 313,144.01
>457,510.31 0.00 0.00 19,345,270.05
Reg Int 1,682,950.00 1,256,525.54 0.00 5,746.92
> 5,746.92 0.00 0.00 1,250,778.62
Reg Int 9,908,014.00 9,612,723.00 70,311.67 24,284.75
> 94,596.42 0.00 0.00 9,588,438.25
Reg Int 1,834,817.00 1,780,133.51 13,020.68 4,497.18
> 17,517.86 0.00 0.00 1,775,636.33
Reg Int 4,403,561.76 4,237,049.26 30,991.64 10,704.12
> 41,695.76 0.00 0.00 4,226,345.14
R-II 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 146,785,386.76 108,469,362.22 759,288.20 2,968,337.07 3,
>727,625.27 0.00 0.00 105,501,025.15
0.01
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
Reg Int A 618.035746 4.520760 23.821206
> 28.341966 594.214540 8.777326% NA
Reg Int B 970.196748 7.096720 2.451021
> 9.547741 967.745727 8.777326% NA
Reg Int C 970.196751 7.096721 2.451021
> 9.547742 967.745731 8.777326% NA
Reg Int D 970.196754 7.096720 2.451022
> 9.547742 967.745731 8.777326% NA
Reg Int E 650.632257 4.042309 40.697732
> 44.740041 609.934524 7.455472% NA
Reg Int F 751.285574 5.517247 11.967424
> 17.484671 739.318150 8.812489% NA
Reg Int G 746.620838 0.000000 3.414790
> 3.414790 743.206049 0.000000% 0.000000%
Reg Int H 970.196752 7.096444 2.451021
> 9.547465 967.745731 8.777326% NA
Reg Int I 970.196761 7.096446 2.451024
> 9.547470 967.745737 8.777326% NA
Reg Int J 962.186859 7.037857 2.430787
> 9.468644 959.756073 8.777326% NA
R-II 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% 0.000000%
SELLER: Wilshire Mortgage Funding Company V, Inc. ADMI
>NISTRATOR: Jennifer C. Bohannon
SERVICER: Wilshire Servicing Corporation
> Bankers Trust Company
LEAD UNDERWRITER: Credit Suisse First Boston Mortgage Securitie
> 3 Park Plaza
RECORD DATE: September 30, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: October 26, 1998
> FACTOR INFORMATION(800) 735-7777
Page 1 of 3
> (c) COPYRIGHT 1998 Bankers Trust Company
Wilshire Funding Corporation
Mortgage Backed Certificates
Series 1997- WFC1
Revised
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
A-I 46,655,248.00 28,834,610.99 174,209.11 1,111,384.28 1,
>285,593.39 0.00 0.00 27,723,226.71
A-II 35,584,475.00 23,152,407.27 143,843.44 1,448,207.44 1,
>592,050.88 0.00 0.00 21,704,199.83
A-III 26,166,367.00 19,658,414.06 144,366.30 313,144.01
>457,510.31 0.00 0.00 19,345,270.05
PO 1,682,950.00 1,256,525.54 0.00 5,746.92
> 5,746.92 0.00 0.00 1,250,778.62
IO(*) 67,205,202.00 48,772,109.58 62,089.64 0.00
> 62,089.64 0.00 0.00 47,610,356.93
M-1 8,807,123.00 8,544,642.09 51,623.88 21,586.44
> 73,210.32 0.00 0.00 8,523,055.65
M-2 6,605,342.00 6,408,481.35 38,717.91 16,189.83
> 54,907.74 0.00 0.00 6,392,291.52
M-3 5,137,489.00 4,984,375.15 30,113.93 12,592.10
> 42,706.03 0.00 0.00 4,971,783.05
B-1 9,908,014.00 9,612,723.00 70,311.67 24,284.75
> 94,596.42 0.00 0.00 9,588,438.25
B-2 1,834,817.00 1,780,133.51 13,020.68 4,497.18
> 17,517.86 0.00 0.00 1,775,636.33
B-3 4,403,561.76 4,237,049.26 30,991.64 10,704.12
> 41,695.76 0.00 0.00 4,226,345.14
R-I 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 146,785,386.76 108,469,362.22 759,288.20 2,968,337.07 3,
>727,625.27 0.00 0.00 105,501,025.15
(*) Represents Notional Balance
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
A-I 22540ACR7 618.035746 3.733966 23.821206
> 27.555172 594.214540 7.250000% 7.250000%
A-II 22540ACS5 650.632257 4.042309 40.697732
> 44.740041 609.934524 7.455472% NA
A-III 22540ACT3 751.285574 5.517247 11.967424
> 17.484671 739.318150 8.812489% NA
PO 22540ACV8 746.620838 0.000000 3.414790
> 3.414790 743.206049 0.000000% 0.000000%
IO(*) 22540ACU0 725.719262 0.923881 0.000000
> 0.923881 708.432614 1.527326% NA
M-1 22540ACW6 970.196748 5.861605 2.451021
> 8.312626 967.745727 7.250000% 7.250000%
M-2 22540ACX4 970.196751 5.861606 2.451021
> 8.312626 967.745731 7.250000% 7.250000%
M-3 22540ACY2 970.196754 5.861605 2.451022
> 8.312627 967.745731 7.250000% 7.250000%
B-1 22540ACZ9 970.196752 7.096444 2.451021
> 9.547465 967.745731 8.777326% NA
B-2 22540ADA3 970.196761 7.096446 2.451024
> 9.547470 967.745737 8.777326% NA
B-3 22540ADB1 962.186859 7.037857 2.430787
> 9.468644 959.756073 8.777326% NA
R-I 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% 0.000000%
SELLER: Wilshire Mortgage Funding Company V, Inc. ADMI
>NISTRATOR: Jennifer C. Bohannon
SERVICER: Wilshire Servicing Corporation
> Bankers Trust Company
LEAD UNDERWRITER: Credit Suisse First Boston Mortgage Securitie
> 3 Park Plaza
RECORD DATE: September 30, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: October 26, 1998
> FACTOR INFORMATION(800) 735-7777
Page 2 of 3
> (c) COPYRIGHT 1998 Bankers Trust Company
> Wilshire Funding Corpor
>ation
> Mortgage Backed Certifi
>cates
> Series 1997- WFC1
> Revised
> Statement To Certific
>ateholders
> Distribution Date:
> October 26, 1998
> DELINQUENCY ADVANCES FO
>R DISTRIBUTION DATE:
> INTEREST:
> 379,627.71
>
> PRINCIPAL:
> 106,090.21
>
> UNREIMBURSED DELINQUENC
>Y ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
>
> UNREIMBURSED SERVICING
>ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
>
> DELINQUENT LOAN
> 31-60 61-90 91 +
> INFORMATION:
> DAYS DAYS DAYS TOTAL
>
> PRINCIPAL BALANCE
> 4,242,495.46 1,041,645.30 3,725,387.46 9,009,528.22
>
> NUMBER OF LOANS
> 81 28 78 187
>
> FORECLOSURE LOAN INFORM
>ATION:
> PRINCIPAL BALANCE
> 2,628,200.11
>
> NUMBER OF LOANS
> 45
>
> BANKRUPTCY LOAN INFORMA
>TION:
> PRINCIPAL BALANCE
> 0.00
>
> NUMBER OF LOANS
> 0
>
> REO LOAN INFORMATION:
>
> PRINCIPAL BALANCE
> 157,391.99
>
> NUMBER OF LOANS
> 4
>
> BOOK VALUE PRINCIPAL BA
>LANCE OF REO LOANS: #N/A
> PRINCIPAL PREPAYMENTS
> 2,704,608.25
>
> SUBSTITUTION AMOUNTS OR
> REPURCHASE AMOUNTS 0.00
>
> OTHER UNSCHEDULED RECOV
>ERIES 0.00
>
>
> Page 3 of 3 (c) COPYRIGHT 1998 B
>
ankers Trust Company
Wilshire Funding Corporation
Mortgage Backed Certificates
Series 1997- WFC1
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
Reg Int 46,655,248.00 27,723,226.71 202,614.86 1,183,645.07 1,
>386,259.93 0.00 0.00 26,539,581.64
Reg Int 8,807,123.00 8,523,055.65 62,290.65 21,363.10
> 83,653.75 0.00 0.00 8,501,692.55
Reg Int 6,605,342.00 6,392,291.52 46,717.98 16,022.33
> 62,740.31 0.00 0.00 6,376,269.19
Reg Int 5,137,489.00 4,971,783.05 36,336.21 12,461.81
> 48,798.02 0.00 0.00 4,959,321.24
Reg Int 35,584,475.00 21,704,199.83 134,435.62 418,124.18
>552,559.80 0.00 0.00 21,286,075.65
Reg Int 26,166,367.00 19,345,270.05 140,971.51 447,488.70
>588,460.21 0.00 0.00 18,897,781.35
Reg Int 1,682,950.00 1,250,778.62 0.00 5,387.68
> 5,387.68 0.00 0.00 1,245,390.94
Reg Int 9,908,014.00 9,588,438.25 70,074.11 24,033.49
> 94,107.60 0.00 0.00 9,564,404.76
Reg Int 1,834,817.00 1,775,636.33 12,976.68 4,450.65
> 17,427.33 0.00 0.00 1,771,185.68
Reg Int 4,403,561.76 4,226,345.14 30,886.92 10,593.37
> 41,480.29 0.00 0.00 4,215,751.77
R-II 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 146,785,386.76 105,501,025.15 737,304.54 2,143,570.38 2,
>880,874.92 0.00 0.00 103,357,454.77
0.01
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
Reg Int A 594.214540 4.342810 25.370031
> 29.712840 568.844509 8.769825% NA
Reg Int B 967.745727 7.072758 2.425662
> 9.498420 965.320065 8.769825% NA
Reg Int C 967.745731 7.072757 2.425662
> 9.498420 965.320068 8.769825% NA
Reg Int D 967.745731 7.072757 2.425662
> 9.498418 965.320070 8.769825% NA
Reg Int E 609.934524 3.777929 11.750185
> 15.528114 598.184339 7.432789% NA
Reg Int F 739.318150 5.387508 17.101675
> 22.489183 722.216475 8.744557% NA
Reg Int G 743.206049 0.000000 3.201331
> 3.201331 740.004718 0.000000% 0.000000%
Reg Int H 967.745731 7.072468 2.425662
> 9.498129 965.320069 8.769825% NA
Reg Int I 967.745737 7.072466 2.425664
> 9.498130 965.320073 8.769825% NA
Reg Int J 959.756073 7.014077 2.405636
> 9.419713 957.350437 8.769825% NA
R-II 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% 0.000000%
SELLER: Wilshire Mortgage Funding Company V, Inc. ADMI
>NISTRATOR: Jennifer C. Bohannon
SERVICER: Wilshire Servicing Corporation
> Bankers Trust Company
LEAD UNDERWRITER: Credit Suisse First Boston Mortgage Securitie
> 3 Park Plaza
RECORD DATE: October 30, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: November 25, 1998
> FACTOR INFORMATION(800) 735-7777
Page 1 of 3
> (c) COPYRIGHT 1998 Bankers Trust Company
Wilshire Funding Corporation
Mortgage Backed Certificates
Series 1997- WFC1
Statement To Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
> CURRENT
ORIGINAL PRINCIPAL
> REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
> TOTAL LOSSES INTEREST BALANCE
A-I 46,655,248.00 27,723,226.71 167,494.49 1,183,645.07 1,
>351,139.56 0.00 0.00 26,539,581.64
A-II 35,584,475.00 21,704,199.83 134,435.62 418,124.18
>552,559.80 0.00 0.00 21,286,075.65
A-III 26,166,367.00 19,345,270.05 140,971.51 447,488.70
>588,460.21 0.00 0.00 18,897,781.35
PO 1,682,950.00 1,250,778.62 0.00 5,387.68
> 5,387.68 0.00 0.00 1,245,390.94
IO(*) 67,205,202.00 47,610,356.93 60,313.80 0.00
> 60,313.80 0.00 0.00 46,376,864.62
M-1 8,807,123.00 8,523,055.65 51,493.46 21,363.10
> 72,856.56 0.00 0.00 8,501,692.55
M-2 6,605,342.00 6,392,291.52 38,620.09 16,022.33
> 54,642.42 0.00 0.00 6,376,269.19
M-3 5,137,489.00 4,971,783.05 30,037.86 12,461.81
> 42,499.67 0.00 0.00 4,959,321.24
B-1 9,908,014.00 9,588,438.25 70,074.11 24,033.49
> 94,107.60 0.00 0.00 9,564,404.76
B-2 1,834,817.00 1,775,636.33 12,976.68 4,450.65
> 17,427.33 0.00 0.00 1,771,185.68
B-3 4,403,561.76 4,226,345.14 30,886.92 10,593.37
> 41,480.29 0.00 0.00 4,215,751.77
R-I 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 146,785,386.76 105,501,025.15 737,304.54 2,143,570.38 2,
>880,874.92 0.00 0.00 103,357,454.77
(*) Represents Notional Balance
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
> PASS-THROUGH
PRIOR
> CURRENT RATES
PRINCIPAL
> PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
> TOTAL BALANCE CURRENT NEXT
A-I 22540ACR7 594.214540 3.590046 25.370031
> 28.960077 568.844509 7.250000% 7.250000%
A-II 22540ACS5 609.934524 3.777929 11.750185
> 15.528114 598.184339 7.432789% NA
A-III 22540ACT3 739.318150 5.387508 17.101675
> 22.489183 722.216475 8.744557% NA
PO 22540ACV8 743.206049 0.000000 3.201331
> 3.201331 740.004718 0.000000% 0.000000%
IO(*) 22540ACU0 708.432614 0.897457 0.000000
> 0.897457 690.078494 1.519825% NA
M-1 22540ACW6 967.745727 5.846797 2.425662
> 8.272459 965.320065 7.250000% 7.250000%
M-2 22540ACX4 967.745731 5.846796 2.425662
> 8.272459 965.320068 7.250000% 7.250000%
M-3 22540ACY2 967.745731 5.846798 2.425662
> 8.272460 965.320070 7.250000% 7.250000%
B-1 22540ACZ9 967.745731 7.072468 2.425662
> 9.498129 965.320069 8.769825% NA
B-2 22540ADA3 967.745737 7.072466 2.425664
> 9.498130 965.320073 8.769825% NA
B-3 22540ADB1 959.756073 7.014077 2.405636
> 9.419713 957.350437 8.769825% NA
R-I 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% 0.000000%
SELLER: Wilshire Mortgage Funding Company V, Inc. ADMI
>NISTRATOR: Jennifer C. Bohannon
SERVICER: Wilshire Servicing Corporation
> Bankers Trust Company
LEAD UNDERWRITER: Credit Suisse First Boston Mortgage Securitie
> 3 Park Plaza
RECORD DATE: October 30, 1998
> Irvine, CA 92614
DISTRIBUTION DATE: November 25, 1998
> FACTOR INFORMATION(800) 735-7777
Page 2 of 3
> (c) COPYRIGHT 1998 Bankers Trust Company
> Wilshire Funding Corpor
>ation
> Mortgage Backed Certifi
>cates
> Series 1997- WFC1
> Statement To Certific
>ateholders
> Distribution Date:
> November 25, 1998
> DELINQUENCY ADVANCES FO
>R DISTRIBUTION DATE:
> INTEREST:
> 722,556.16
>
> PRINCIPAL:
> 254,965.33
>
> UNREIMBURSED DELINQUENC
>Y ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
>
> UNREIMBURSED SERVICING
>ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
>
> DELINQUENT LOAN
> 31-60 61-90 91 +
> INFORMATION:
> DAYS DAYS DAYS TOTAL
>
> PRINCIPAL BALANCE
> 2,964,777.31 1,299,194.632,756,900.97 7,020,872.91
>
> NUMBER OF LOANS
> 62 25 63 150
>
> FORECLOSURE LOAN INFORM
>ATION:
> PRINCIPAL BALANCE
> 1,982,102.52
>
> NUMBER OF LOANS
> 42
>
> BANKRUPTCY LOAN INFORMA
>TION:
> PRINCIPAL BALANCE
> 0.00
>
> NUMBER OF LOANS
> 0
>
> REO LOAN INFORMATION:
>
> PRINCIPAL BALANCE
> 278,420.77
>
> NUMBER OF LOANS
> 5
>
> BOOK VALUE PRINCIPAL BA
>LANCE OF REO LOANS: #N/A
> PRINCIPAL PREPAYMENTS
> 1,884,991.74
>
> SUBSTITUTION AMOUNTS OR
> REPURCHASE AMOUNTS 0.00
>
> OTHER UNSCHEDULED RECOV
>ERIES 0.00
>
>
> Page 3 of 3 (c) COPYRIGHT 1998 B
>
ankers Trust Company
