October 8, 1998
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Wilshire Mortgage Funding Company Mortgage Backed Certificates,
Series 1997-WFC1; File No. 333-33807.
Ladies and Gentlemen:
Enclosed herewith for filing on behalf of the trust fund (the
"Trust") created pursuant to a Pooling and Servicing Agreement dated
as of September 15, 1997 (the "Pooling and Servicing Agreement")
among 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").
The Wilshire Funding Corporation Mortgage-Backed Certificates, Series
1997-WFC1 (the "Certificates") will represent beneficial interests in
a trust (the "Trust"), the assets of which (the "Trust Fund") will
consist primarily of a pool of fixed and adjustable rate, closed-end
loans secured by mortgages on residential one- to four-family
properties (the "Mortgage Loans") purchased by Wilshire Funding
Corporation (the "Wilshire Seller") in the ordinary course of its
business and conveyed, together with certain related property
described in the Prospectus Supplement dated September 25, 1997, to
Wilshire Mortgage Funding Company V. Inc. (the "Seller"). The Seller
will convey such property to Credit Suisse First Boston Mortgage
Securities Corp. (the "Depositor"), which will convey it to the
Trust. The Trust will be created and the Certificates will be
pursuant to the Pooling and Servicing Agreement.
The Certificates will consist of the following eleven classes (each,
a "Class"): (i) the Class A-I Certificates, the Class A-II
Certificates and the Class A-III Certificates (collectively, the
"Class A Certificates"); (ii) the Class IO Certificates; (iii) the
Class PO Certificates; (iv) the Class M-1 Certificates, the Class
M-2 Certificates and the Class M-3 Certificates (collectively, the
"Class M Certificates"); and (v) the Class B-1 Certificates, the
Class B-2 Certificates and the Class B-3 Certificates (collectively,
the "Class B Certificates"). The Class A Certificates, the Class IO
Certificates and the PO Certificates are referred to herein
collectively as the "Senior Certificates." The Trust will also issue
a "Residual interest") with respect to each REMIC held by the Trust
(collectively, the "Residual Certificates").
The Certificates in the aggregate will evidence the entire beneficial
ownership interest in the Trust Fund. The Trust Fund will consist
of: (i) the Mortgage Loans; (ii) such assets as from the time to time
are identified as deposited in respect of the Mortgage Loans in the
Collection Account and the Certificate Account and belonging to the
Trust Fund; (iii) property acquired by foreclosure of such Mortgage
Loans or deed in lieu of foreclosure; (iv) any hazard or other
insurance policies with respect to the Mortgage Loans; and (v) all
proceeds of the foregoing.
The Offered Certificates were registered under the Securities Act of
1933, as amended, by a Registration Statement on Form S-11 (File No.
333-33807). As a result, the Trust is subject to the filing
requirements of Section 15(d) of the Securities Exchange Act of 1934,
as amended (the "Exchange Act"). The Trust intends to fulfill these
filing requirements in the manner described herein:
The Trust will file, promptly after each Distribution Date (as
defined in the Pooling and Servicing Agreement), a Current Report on
Form 8-K in substantially the form enclosed herewith, including as
an exhibit thereto the applicable Distribution Date report. Each
such Current Report will also disclose under Item 5 any matter
occurring during the relevant reporting period which would be
reportable under Item 1, 2, 4 or 5 of Part II of Form 10-Q.
The Trust will file a Current Report on Form 8-K promptly after the
occurrence of any event described under Item 2, 3, 4 or 5 thereof,
responding to the requirements of the applicable Item.
Within 90 days after the end of each fiscal year, the Trust will file
an annual report of Form 10-K which responds to Items 2, 3, and 4 of
Part I, Items 5 and 9 of Part II, Items 12 and 13 of Part III and
Item 14 of Part IV thereof, and include as exhibits thereto certain
information from the Distribution Date reports aggregated for such
year and a copy of the independent accountants' annual compliance
statement required under the Pooling and Servicing Agreement.
The Trust will follow the above procedures except for any fiscal year
as to which its reporting obligations under Section 15(d) of the
Exchange Act have been suspended pursuant to such Section. In such
event, the Trust will file a Form 15 as required under Rule 15d-6.
Should you wish to discuss the above filing procedures, please call
Judy L. Gomez at (714) 253-7562.
Sincerely,
/s/ Judy L. Gomez
Assistant Vice President
Bankers Trust Company
S.E.C. Reporting Agent for Salomon Brothers Mortgage Securities VII,
Inc. Mortgage Backed Certificates, Series 1997-WFC1.
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): October 27,
1997.
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
October 27, 1997.
Monthly Report to Certificateholders as to distributions made on
November 27, 1997.
Monthly Report to Certificateholders as to distributions made on
December 27, 1997.
Monthly Report to Certificateholders as to distributions made on
January 27, 1998.
Monthly Report to Certificateholders as to distributions made on
February 27, 1998.
Monthly Report to Certificateholders as to distributions made on
March 27, 1998.
Monthly Report to Certificateholders as to distributions made on
April 27, 1998.
Monthly Report to Certificateholders as to distributions made on
May 27, 1998.
Monthly Report to Certificateholders as to distributions made on
June 27, 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: October 8, 1998 By: /s/ Judy L. Gomez
Judy L. Gomez
Assistant Vice President
EXHIBIT INDEX
Sequential
Document Page Number
Monthly Report to Certificateholders as to distributions 6
made on October 27, 1997.
Monthly Report to Certificateholders as to distributions 9
made on November 27, 1997.
Monthly Report to Certificateholders as to distributions 13
made on December 27, 1997.
Monthly Report to Certificateholders as to distributions 16
made on January 27, 1998.
Monthly Report to Certificateholders as to distributions 20
made on February 27, 1998.
Monthly Report to Certificateholders as to distributions 23
made on March 27, 1998.
Monthly Report to Certificateholders as to distributions 26
made on April 27, 1998.
Monthly Report to Certificateholders as to distributions 30
made on May 27, 1998.
Monthly Report to Certificateholders as to distributions 33
made on June 27, 1998.
Wilshire Mortgage Funding Company
Mortgage Backed Certificates
Series 1997-WFC1
Statement to Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
ORIGINAL PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
A-I 46,655,248.00 46,655,248.00 281,875.46 1,311,320.53
A-II 35,584,475.00 35,584,475.00 226,972.98 141,706.43
A-III 26,166,367.00 26,166,367.00 194,081.19 843,630.96
PO 1,682,950.00 1,682,950.00 0.00 5,148.07
IO(*) 67,205,202.00 67,205,202.00 90,217.12 0.00
M-1 8,807,123.00 8,807,123.00 53,209.70 21,972.42
M-2 6,605,342.00 6,605,342.00 39,907.27 16,479.30
M-3 5,137,489.00 5,137,489.00 31,039.00 12,817.24
B-1 9,908,014.00 9,908,014.00 73,161.56 24,718.96
B-2 1,834,817.00 1,834,817.00 13,548.43 4,577.58
B-3 4,403,561.76 4,403,561.76 32,516.25 10,986.20
R-I 0.00 0.00 0.00 0.00
TOTALS 146,785,386.76 146,785,386.76 1,036,528.96 2,393,357.69
CURRENT
REALIZED DEFERRED PRINCIPAL
CLASS TOTAL LOSSES INTEREST BALANCE
A-I 1,593,195.99 0.00 0.00 45,343,927.47
A-II 368,679.41 0.00 0.00 35,442,768.57
A-III 1,037,712.15 0.00 0.00 25,322,736.04
PO 5,148.07 0.00 0.00 1,677,801.93
IO(*) 90,217.12 0.00 0.00 65,842,612.51
M-1 75,182.12 0.00 0.00 8,785,150.58
M-2 56,386.57 0.00 0.00 6,588,862.70
M-3 43,856.24 0.00 0.00 5,124,671.76
B-1 97,880.52 0.00 0.00 9,883,295.04
B-2 18,126.01 0.00 0.00 1,830,239.42
B-3 43,502.45 0.00 0.00 4,392,575.56
R-I 0.00 0.00 0.00 0.00
TOTALS 3,429,886.65 0.00 0.00 144,392,029.07
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
A-I 22540ACR7 1,000.000000 6.041667 28.106603
A-II 22540ACS5 1,000.000000 6.378427 3.982254
A-III 22540ACT3 1,000.000000 7.417200 32.241043
PO 22540ACV8 1,000.000000 0.000000 3.058956
IO(*) 22540ACU0 1,000.000000 1.342413 0.000000
M-1 22540ACW6 1,000.000000 6.041667 2.494847
M-2 22540ACX4 1,000.000000 6.041666 2.494844
M-3 22540ACY2 1,000.000000 6.041667 2.494845
B-1 1,000.000000 7.384079 2.494845
B-2 1,000.000000 7.384077 2.494843
B-3 1,000.000000 7.384079 2.494844
R-I 0.000000 0.000000 0.000000
CURRENT
PRINCIPAL
TOTAL BALANCE
A-I 34.148270 971.893397
A-II 10.360681 996.017746
A-III 39.658243 967.758957
PO 3.058956 996.941044
IO(*) 1.342413 979.724940
M-1 8.536513 997.505153
M-2 8.536510 997.505156
M-3 8.536513 997.505155
B-1 9.878924 997.505155
B-2 9.878920 997.505157
B-3 9.878924 997.505156
R-I 0.000000 0.000000
PASS-THROUGH RATES
CLASS CURRENT NEXT
A-I 7.250000% 7.250000%
A-II 7.654112% 7.653940%
A-III 8.900641% 8.871126%
PO 0.000000% 0.000000%
IO(*) 1.610895% 1.429473%
M-1 7.250000% 7.250000%
M-2 7.250000% 7.250000%
M-3 7.250000% 7.250000%
B-1 8.860895% 8.679473%
B-2 8.860895% 8.679473%
B-3 8.860895% 8.679473%
R-I 0.000000% 0.000000%
SELLER: Wilshire Mortgage Funding Company
SERVICER: Wilshire Servicing Corporation
LEAD UNDERWRITER: Credit Suisse First Boston Mortgage Securities
Corp.
RECORD DATE: September 30, 1997
DISTRIBUTION DATE: October 27, 1997
ADMINISTRATOR: Katie M. Wannenmacher
Bankers Trust Company
3 Park Plaza
Irvine, CA 92614
FACTOR INFO: (800)735-7777
Page 1 of 2 COPYRIGHT 1997 Bankers Trust Company
Wilshire Mortgage Funding Company
Mortgage Backed Certificates
Series 1997-WFC1
Statement to Certificateholders
Distribution Date: October 27, 1997
DELINQUENCY ADVANCES FOR DISTRIBUTION DATE:
INTEREST: 506,064.37
PRINCIPAL: 132,626.91
UNREIMBURSED DELINQUENCY
ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
UNREIMBURSED SERVICING
ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
DELINQUENT LOAN 31 TO 60 61 TO 90 91+
INFORMATION DAYS DAYS DAYS TOTAL
PRIN. BAL.(*) 9,158,741.31 3,813,884.81 1,096,352.23 14,068,978.35
NUMBER OF LOANS(*) 150 62 15 227
FORECLOSURE LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
NUMBER OF LOANS 0
BANKRUPTCY LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
NUMBER OF LOANS 0
REO LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
NUMBER OF LOANS 0
BOOK VALUE PRINCIPAL BALANCE OF REO LOANS: NA
PRINCIPAL PREPAYMENTS 2,052,358.57
SUBSTITUTION AMOUNTS OR REPURCHASE AMOUNTS 0.00
OTHER UNSCHEDULED RECOVERIES 0.00
Page 2 of 2 COPYRIGHT 1997 Bankers Trust Company
Wilshire Mortgage Funding Company
Mortgage Backed Certificates
Series 1997-WFC1
Statement to Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
ORIGINAL PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
A-I 46,655,248.00 45,343,927.47 273,952.90 797,632.11
A-II 35,584,475.00 35,442,768.57 227,678.44 856,193.30
A-III 26,166,367.00 25,322,736.04 187,407.15 700,772.53
PO 1,682,950.00 1,677,801.93 0.00 16,018.49
IO(*) 67,205,202.00 65,842,612.51 88,183.83 0.00
M-1 8,807,123.00 8,785,150.58 53,076.95 22,188.33
M-2 6,605,342.00 6,588,862.70 39,807.71 16,641.24
M-3 5,137,489.00 5,124,671.76 30,961.54 12,943.19
B-1 9,908,014.00 9,883,295.04 72,948.39 24,961.87
B-2 1,834,817.00 1,830,239.42 13,508.96 4,622.57
B-3 4,403,561.76 4,392,575.56 32,421.51 11,094.16
R-I 0.00 0.00 0.00 0.00
TOTALS 146,785,386.76 144,392,029.07 1,019,947.38 2,463,067.79
CURRENT
REALIZED DEFERRED PRINCIPAL
CLASS TOTAL LOSSES INTEREST BALANCE
A-I 1,071,585.01 0.00 0.00 44,546,295.36
A-II 1,083,871.74 0.00 0.00 34,586,575.27
A-III 888,179.68 0.00 0.00 24,621,963.51
PO 16,018.49 0.00 0.00 1,661,783.44
IO(*) 88,183.83 0.00 0.00 64,993,207.64
M-1 75,265.28 0.00 0.00 8,762,962.25
M-2 56,448.95 0.00 0.00 6,572,221.46
M-3 43,904.73 0.00 0.00 5,111,728.57
B-1 97,910.26 0.00 0.00 9,858,333.17
B-2 18,131.53 0.00 0.00 1,825,616.85
B-3 43,515.67 0.00 0.00 4,381,481.40
R-I 0.00 0.00 0.00 0.00
TOTALS 3,483,015.17 0.00 0.00 141,928,961.28
(*)Represents Notional Balance
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
A-I 22540ACR7 971.893397 5.871856 17.096300
A-II 22540ACS5 996.017746 6.398252 24.060866
A-III 22540ACT3 967.758957 7.162139 26.781423
PO 22540ACV8 996.941044 0.000000 9.518102
IO(*) 22540ACU0 979.724940 1.312158 0.000000
M-1 22540ACW6 997.505153 6.026593 2.519362
M-2 22540ACX4 997.505156 6.026593 2.519361
M-3 22540ACY2 997.505155 6.026590 2.519361
B-1 22540ACZ9 997.505155 7.362564 2.519362
B-2 22540ZDA3 997.505157 7.362565 2.519363
B-3 22540ADB1 997.505156 7.362565 2.519361
R-I 0.000000 0.000000 0.000000
CURRENT
PRINCIPAL
TOTAL BALANCE
A-I 22.968156 954.797097
A-II 30.459118 971.956879
A-III 33.943561 940.977535
PO 9.518102 987.422942
IO(*) 1.312158 967.085965
M-1 8.545955 994.985792
M-2 8.545954 994.985795
M-3 8.545951 994.985794
B-1 9.881926 994.985793
B-2 9.881928 994.985794
B-3 9.881926 994.985795
R-I 0.000000 0.000000
PASS-THROUGH RATES
CLASS CURRENT NEXT
A-I 7.250000% 7.250000%
A-II 7.708600% NA
A-III 8.880896% NA
PO 0.000000% 0.000000%
IO(*) 1.607175% NA
M-1 7.250000% 7.250000%
M-2 7.250000% 7.250000%
M-3 7.250000% 7.250000%
B-1 8.857175% NA
B-2 8.857175% NA
B-3 8.857175% NA
R-I 0.000000% 0.000000%
SELLER: Wilshire Mortgage Funding Company
SERVICER: Wilshire Servicing Corporation
LEAD UNDERWRITER: Credit Suisse First Boston Mortgage Securities
Corp.
RECORD DATE: October 31, 1997
DISTRIBUTION DATE: November 25, 1997
ADMINISTRATOR: Katie M. Wannenmacher
Bankers Trust Company
3 Park Plaza
Irvine, CA 92614
FACTOR INFO: (800)735-7777
Page 1 of 2 COPYRIGHT 1997 Bankers Trust Company
Wilshire Mortgage Funding Company
Mortgage Backed Certificates
Series 1997-WFC1
*Revised*
Statement to Certificateholders
Distribution Date: November 25, 1997
DELINQUENCY ADVANCES FOR DISTRIBUTION DATE:
INTEREST: 506,120.20
PRINCIPAL: 130,833.59
UNREIMBURSED DELINQUENCY
ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
UNREIMBURSED SERVICING
ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
DELINQUENT LOAN 31 TO 60 61 TO 90 91+
INFORMATION: DAYS DAYS DAYS TOTAL
PRIN. BAL. 9,230,124.10 3,128,476.50 1,714,561.68 14,073,162.28
NUMBER OF LOANS 165 44 28 237
FORECLOSURE LOAN INFORMATION:
PRINCIPAL BALANCE 45,289.93
NUMBER OF LOANS 1
BANKRUPTCY LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
NUMBER OF LOANS 0
REO LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
NUMBER OF LOANS 0
BOOK VALUE PRINCIPAL BALANCE OF REO LOANS: NA
PRINCIPAL PREPAYMENTS 2,125,786.97
SUBSTITUTION AMOUNTS OR REPURCHASE AMOUNTS 0.00
OTHER UNSCHEDULED RECOVERIES 0.00
Page 2 of 2 COPYRIGHT 1997 Bankers Trust Company
Wilshire Mortgage Funding Company
Mortgage Backed Certificates
Series 1997-WFC1
Statement to Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
ORIGINAL PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
A-I 46,655,248.00 44,546,295.36 269,133.87 1,103,856.99
A-II 35,584,475.00 34,586,575.27 221,147.03 2,607,014.99
A-III 26,166,367.00 24,621,963.51 182,688.32 596,631.61
PO 1,682,950.00 1,661,783.44 0.00 7,445.84
IO(*) 67,205,202.00 64,993,207.64 86,295.32 0.00
M-1 8,807,123.00 8,762,962.25 52,942.90 21,979.21
M-2 6,605,342.00 6,572,221.46 39,707.17 16,484.41
M-3 5,137,489.00 5,111,728.57 30,883.35 12,821.21
B-1 9,908,014.00 9,858,333.17 72,650.25 24,726.62
B-2 1,834,817.00 1,825,616.85 13,453.75 4,579.00
B-3 4,403,561.76 4,381,481.40 32,289.00 10,989.61
R-I 0.00 0.00 0.00 0.00
TOTALS 146,785,386.76 141,928,961.28 1,001,190.96 4,406,529.49
CURRENT
REALIZED DEFERRED PRINCIPAL
CLASS TOTAL LOSSES INTEREST BALANCE
A-I 1,372,990.86 0.00 0.00 43,442,438.37
A-II 2,828,162.02 0.00 0.00 31,979,560.28
A-III 779,319.93 0.00 0.00 24,025,331.90
PO 7,445.84 0.00 0.00 1,654,337.60
IO(*) 86,295.32 0.00 0.00 63,838,065.82
M-1 74,922.11 0.00 0.00 8,740,983.04
M-2 56,191.58 0.00 0.00 6,555,737.05
M-3 43,704.56 0.00 0.00 5,098,907.36
B-1 97,376.87 0.00 0.00 9,833,606.55
B-2 18,032.75 0.00 0.00 1,821,037.85
B-3 43,278.61 0.00 0.00 4,370,491.79
R-I 0.00 0.00 0.00 0.00
TOTALS 5,407,720.45 0.00 0.00 137,522,431.79
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
A-I 22540ACR7 954.797097 5.768566 23.659868
A-II 22540ACS5 971.956879 6.214705 73.262708
A-III 22540ACT3 940.977535 6.981799 22.801469
PO 22540ACV8 987.422942 0.000000 4.424279
IO(*) 22540ACU0 967.085965 1.284057 0.000000
M-1 22540ACW6 994.985792 6.011373 2.495617
M-2 22540ACX4 994.985795 6.011372 2.495618
M-3 22540ACY2 994.985794 6.011371 2.495618
B-1 22540ACZ9 994.985793 7.332473 2.495618
B-2 22540ZDA3 994.985794 7.332475 2.495617
B-3 22540ADB1 994.985795 7.332474 2.495618
R-I 0.000000 0.000000 0.000000
CURRENT
PRINCIPAL
TOTAL BALANCE
A-I 29.428433 931.137230
A-II 79.477413 898.694172
A-III 29.783268 918.176065
PO 4.424279 982.998663
IO(*) 1.284057 949.897685
M-1 8.506990 992.490174
M-2 8.506990 992.490177
M-3 8.506989 992.490176
B-1 9.828092 992.490175
B-2 9.828092 992.490177
B-3 9.828092 992.490177
R-I 0.000000 0.000000
PASS-THROUGH RATES
CLASS CURRENT NEXT
A-I 7.250000% 7.250000%
A-II 7.672816% NA
A-III 8.903676% NAPO 0.000000% 0.000000%
IO(*) 1.593311% NA
M-1 7.250000% 7.250000%
M-2 7.250000% 7.250000%
M-3 7.250000% 7.250000%
B-1 8.843311% NA
B-2 8.843311% NA
B-3 8.843311% NA
R-I 0.000000% 0.000000%
SELLER: Wilshire Mortgage Funding Company
SERVICER: Wilshire Servicing Corporation
LEAD UNDERWRITER: Credit Suisse First Boston Mortgage Securities
Corp.
RECORD DATE: November 28, 1997
DISTRIBUTION DATE: December 26, 1997
ADMINISTRATOR: Katie M. Wannenmacher
Bankers Trust Company
3 Park Plaza
Irvine, CA 92614
FACTOR INFO: (800)735-7777
Page 1 of 2 COPYRIGHT 1997 Bankers Trust Company
Wilshire Mortgage Funding Company
Mortgage Backed Certificates
Series 1997-WFC1
Statement to Certificateholders
Distribution Date: December 26, 1997
DELINQUENCY ADVANCES FOR DISTRIBUTION DATE:
INTEREST: 477,552.70
PRINCIPAL: 125,938.09
UNREIMBURSED DELINQUENCY
ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
UNREIMBURSED SERVICING
ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
DELINQUENT LOAN 31 TO 60 61 TO 90 91+
INFORMATION DAYS DAYS DAYS TOTAL
PRIN. BAL. 8,633,855.34 3,721,831.27 1,770,321.77 14,126,008.38
NUMBER OF LOANS 152 74 32 258
FORECLOSURE LOAN INFORMATION:
PRINCIPAL BALANCE 300,387.64
NUMBER OF LOANS 5
BANKRUPTCY LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
NUMBER OF LOANS 0
REO LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
NUMBER OF LOANS 0
BOOK VALUE PRINCIPAL BALANCE OF REO LOANS: NA
PRINCIPAL PREPAYMENTS 4,075,278.09
SUBSTITUTION AMOUNTS OR REPURCHASE AMOUNTS 0.00
OTHER UNSCHEDULED RECOVERIES 0.00
Page 2 of 2 COPYRIGHT 1997 Bankers Trust Company
Wilshire Mortgage Funding Company
Mortgage Backed Certificates
Series 1997-WFC1
Statement to Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
ORIGINAL PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
A-I 46,655,248.00 43,442,438.37 262,464.73 1,983,660.35
A-II 35,584,475.00 31,979,560.28 203,429.51 241,799.53
A-III 26,166,367.00 24,025,331.90 178,051.48 297,792.77
PO 1,682,950.00 1,654,337.60 0.00 31,563.85
IO(*) 67,205,202.00 63,838,065.82 84,604.01 0.00
M-1 8,807,123.00 8,740,983.04 52,810.11 21,870.84
M-2 6,605,342.00 6,555,737.05 39,607.58 16,403.13
M-3 5,137,489.00 5,098,907.36 30,805.89 12,757.99
B-1 9,908,014.00 9,833,606.55 72,443.76 24,604.69
B-2 1,834,817.00 1,821,037.85 13,415.51 4,556.42
B-3 4,403,561.76 4,370,491.79 32,197.23 10,935.42
R-I 0.00 0.00 0.00 0.00
TOTALS 146,785,386.76 137,522,431.79 969,829.81 2,645,944.99
CURRENT
REALIZED DEFERRED PRINCIPAL
CLASS TOTAL LOSSES INTEREST BALANCE
A-I 2,246,125.08 0.00 0.00 41,458,778.02
A-II 445,229.04 0.00 0.00 31,737,760.75
A-III 475,844.25 0.00 0.00 23,727,539.13
PO 31,563.85 0.00 0.00 1,622,773.75
IO(*) 84,604.01 0.00 0.00 61,803,373.51
M-1 74,680.95 0.00 0.00 8,719,112.20
M-2 56,010.71 0.00 0.00 6,539,333.92
M-3 43,563.88 0.00 0.00 5,086,149.37
B-1 97,048.45 0.00 0.00 9,809,001.86
B-2 17,971.93 0.00 0.00 1,816,481.43
B-3 43,132.65 0.00 0.00 4,359,556.37
R-I 0.00 0.00 0.00 0.00
TOTALS 3,615,774.80 0.00 0.00 134,876,486.80
(*)Represents Notional Balance
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
A-I 22540ACR7 931.137230 5.625621 42.517411
A-II 22540ACS5 898.694172 5.716805 6.795085
A-III 22540ACT3 918.176065 6.804593 11.380746
PO 22540ACV8 982.998663 0.000000 18.755073
IO(*) 22540ACU0 949.897685 1.258891 0.000000
M-1 22540ACW6 992.490174 5.996295 2.483313
M-2 22540ACX4 992.490177 5.996295 2.483313
M-3 22540ACY2 992.490176 5.996293 2.483312
B-1 22540ACZ9 992.490175 7.311633 2.483312
B-2 22540ZDA3 992.490177 7.311634 2.483310
B-3 22540ADB1 992.490177 7.311634 2.483313
R-I 0.000000 0.000000 0.000000
CURRENT
PRINCIPAL
TOTAL BALANCE
A-I 48.143032 888.619819
A-II 12.511890 891.899087
A-III 18.185339 906.795320
PO 18.755073 964.243590
IO(*) 1.258891 919.621870
M-1 8.479608 990.006861
M-2 8.479608 990.006864
M-3 8.479606 990.006863
B-1 9.794945 990.006863
B-2 9.794944 990.006867
B-3 9.794946 990.006864
R-I 0.000000 0.000000
PASS-THROUGH RATES
CLASS CURRENT NEXT
A-I 7.250000% 7.250000%
A-II 7.633482% NA
A-III 8.893187% NAPO 0.000000% 0.000000%
IO(*) 1.593349% NA
M-1 7.250000% 7.250000%
M-2 7.250000% 7.250000%
M-3 7.250000% 7.250000%
B-1 8.840349% NA
B-2 8.840349% NA
B-3 8.840349% NA
R-I 0.000000% 0.000000%
SELLER: Wilshire Mortgage Funding Company
SERVICER: Wilshire Servicing Corporation
LEAD UNDERWRITER: Credit Suisse First Boston Mortgage Securities
Corp.
RECORD DATE: December 31, 1997
DISTRIBUTION DATE: January 26, 1998
ADMINISTRATOR: Katie M. Wannenmacher
Bankers Trust Company
3 Park Plaza
Irvine, CA 92614
FACTOR INFO: (800)735-7777
Page 1 of 2 COPYRIGHT 1998 Bankers Trust Company
Wilshire Mortgage Funding Company
Mortgage Backed Certificates
Series 1997-WFC1
Statement to Certificateholders
Distribution Date: January 26, 1998
DELINQUENCY ADVANCES FOR DISTRIBUTION DATE:
INTEREST: 525,059.54
PRINCIPAL: 146,808.31
UNREIMBURSED DELINQUENCY
ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
UNREIMBURSED SERVICING
ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
DELINQUENT LOAN 31 TO 60 61 TO 90 91+
INFORMATION DAYS DAYS DAYS TOTAL
PRIN. BAL. 9,797,810.89 3,414,712.05 3,097,223.49 16,309,746.43
NUMBER OF LOANS 171 68 63 302
FORECLOSURE LOAN INFORMATION:
PRINCIPAL BALANCE 469,889.33
NUMBER OF LOANS 8
BANKRUPTCY LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
NUMBER OF LOANS 0
REO LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
NUMBER OF LOANS 0
BOOK VALUE PRINCIPAL BALANCE OF REO LOANS: NA
PRINCIPAL PREPAYMENTS 2,320,333.91
SUBSTITUTION AMOUNTS OR REPURCHASE AMOUNTS 0.00
OTHER UNSCHEDULED RECOVERIES 0.00
Page 2 of 2 COPYRIGHT 1998 Bankers Trust Company
Wilshire Mortgage Funding Company
Mortgage Backed Certificates
Series 1997-WFC1
Statement to Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
ORIGINAL PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
A-I 46,655,248.00 41,458,778.02 250,480.12 1,718,417.88
A-II 35,584,475.00 31,737,760.75 202,130.88 566,915.17
A-III 26,166,367.00 23,727,539.13 175,970.22 136,420.87
PO 1,682,950.00 1,622,773.75 0.00 73,343.24
IO(*) 67,205,202.00 61,803,373.51 80,613.65 0.00
M-1 8,807,123.00 8,719,112.20 52,677.97 22,078.63
M-2 6,605,342.00 6,539,333.92 39,508.48 16,558.97
M-3 5,137,489.00 5,086,149.37 30,728.82 12,879.20
B-1 9,908,014.00 9,809,001.86 72,057.16 24,838.46
B-2 1,834,817.00 1,816,481.43 13,343.92 4,599.71
B-3 4,403,561.76 4,359,556.37 32,025.40 11,039.32
R-I 0.00 0.00 0.00 0.00
TOTALS 146,785,386.76 134,876,486.80 949,536.62 2,587,091.45
CURRENT
REALIZED DEFERRED PRINCIPAL
CLASS TOTAL LOSSES INTEREST BALANCE
A-I 1,968,898.00 0.00 0.00 39,740,360.14
A-II 769,046.05 0.00 0.00 31,170,845.58
A-III 312,391.09 0.00 0.00 23,591,118.26
PO 73,343.24 0.00 0.00 1,549,430.51
IO(*) 80,613.65 0.00 0.00 60,033,438.83
M-1 74,756.60 0.00 0.00 8,697,033.57
M-2 56,067.45 0.00 0.00 6,522,774.95
M-3 43,608.02 0.00 0.00 5,073,270.17
B-1 96,895.62 0.00 0.00 9,784,163.40
B-2 17,943.63 0.00 0.00 1,811,881.72
B-3 43,064.72 0.00 0.00 4,348,517.05
R-I 0.00 0.00 0.00 0.00
TOTALS 3,536,628.07 0.00 0.00 132,289,395.35
(*)Represents Notional Balance
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
A-I 22540ACR7 888.619819 5.368745 36.832253
A-II 22540ACS5 891.899087 5.680311 15.931531
A-III 22540ACT3 906.795320 6.725054 5.213596
PO 22540ACV8 964.243590 0.000000 43.580166
IO(*) 22540ACU0 919.621870 1.199515 0.000000
M-1 22540ACW6 990.006861 5.981292 2.506906
M-2 22540ACX4 990.006864 5.981292 2.506906
M-3 22540ACY2 990.006863 5.981292 2.506906
B-1 22540ACZ9 990.006863 7.272614 2.506906
B-2 22540ZDA3 990.006867 7.272616 2.506904
B-3 22540ADB1 990.006864 7.272613 2.506907
R-I 0.000000 0.000000 0.000000
CURRENT
PRINCIPAL
TOTAL BALANCE
A-I 42.200997 881.787566
A-II 21.611842 875.967556
A-III 11.938650 901.581724
PO 43.580166 920.663424
IO(*) 1.199515 893.285595
M-1 8.488198 987.499955
M-2 8.488198 987.499958
M-3 8.488197 987.499958
B-1 9.779520 987.499957
B-2 9.779520 987.499963
B-3 9.779520 987.499957
R-I 0.000000 0.000000
PASS-THROUGH RATES
CLASS CURRENT NEXT
A-I 7.250000% 7.250000%
A-II 7.642538% NA
A-III 8.899543% NAPO 0.000000% 0.000000%
IO(*) 1.565228% NA
M-1 7.250000% 7.250000%
M-2 7.250000% 7.250000%
M-3 7.250000% 7.250000%
B-1 8.815228% NA
B-2 8.815228% NA
B-3 8.815228% NA
R-I 0.000000% 0.000000%
SELLER: Wilshire Mortgage Funding Company
SERVICER: Wilshire Servicing Corporation
LEAD UNDERWRITER: Credit Suisse First Boston Mortgage Securities
Corp.
RECORD DATE: January 30, 1998
DISTRIBUTION DATE: February 25, 1998
ADMINISTRATOR: Katie M. Wannenmacher
Bankers Trust Company
3 Park Plaza
Irvine, CA 92614
FACTOR INFO: (800)735-7777
Page 1 of 2 COPYRIGHT 1998 Bankers Trust Company
Wilshire Mortgage Funding Company
Mortgage Backed Certificates
Series 1997-WFC1
*Revised*
Statement to Certificateholders
Distribution Date: February 25, 1998
DELINQUENCY ADVANCES FOR DISTRIBUTION DATE:
INTEREST: 489,622.13
PRINCIPAL: 143,520.84
UNREIMBURSED DELINQUENCY
ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
UNREIMBURSED SERVICING
ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
DELINQUENT LOAN 31 TO 60 61 TO 90 91+
INFORMATION DAYS DAYS DAYS TOTAL
PRIN. BAL. 7,592,172.49 3,502,110.81 3,288,704.60 14,382,987.90
NUMBER OF LOANS 138 64 63 265
FORECLOSURE LOAN INFORMATION:
PRINCIPAL BALANCE 1,194,831.73
NUMBER OF LOANS 19
BANKRUPTCY LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
NUMBER OF LOANS 0
REO LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
NUMBER OF LOANS 0
BOOK VALUE PRINCIPAL BALANCE OF REO LOANS: NA
PRINCIPAL PREPAYMENTS 2,270,163.98
SUBSTITUTION AMOUNTS OR REPURCHASE AMOUNTS 0.00
OTHER UNSCHEDULED RECOVERIES 0.00
Page 2 of 2 COPYRIGHT 1998 Bankers Trust Company
Wilshire Mortgage Funding Company
Mortgage Backed Certificates
Series 1997-WFC1
Statement to Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
ORIGINAL PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
A-I 46,655,248.00 39,740,360.14 240,098.01 1,077,109.81
A-II 35,584,475.00 31,170,845.58 198,081.55 1,325,229.71
A-III 26,166,367.00 23,591,118.26 174,769.48 314,052.69
PO 1,682,950.00 1,549,430.51 0.00 65,328.93
IO(*) 67,205,202.00 60,033,438.83 78,772.76 0.00
M-1 8,807,123.00 8,697,033.57 52,544.58 22,181.59
M-2 6,605,342.00 6,522,774.95 39,408.43 16,636.19
M-3 5,137,489.00 5,073,270.17 30,651.01 12,939.26
B-1 9,908,014.00 9,784,163.40 71,950.92 24,954.29
B-2 1,834,817.00 1,811,881.72 13,324.24 4,621.16
B-3 4,403,561.76 4,348,517.05 31,978.19 11,090.80
R-I 0.00 0.00 0.00 0.00
TOTALS 146,785,386.76 132,289,395.35 931,579.17 2,874,144.43
CURRENT
REALIZED DEFERRED PRINCIPAL
CLASS TOTAL LOSSES INTEREST BALANCE
A-I 1,317,207.82 0.00 0.00 38,663,250.33
A-II 1,523,311.26 0.00 0.00 29,845,615.87
A-III 488,822.17 0.00 0.00 23,277,065.57
PO 65,328.93 0.00 0.00 1,484,101.58
IO(*) 78,772.76 0.00 0.00 58,904,571.98
M-1 74,726.17 0.00 0.00 8,674,851.98
M-2 56,044.62 0.00 0.00 6,506,138.76
M-3 43,590.27 0.00 0.00 5,060,330.91
B-1 96,905.21 0.00 0.00 9,759,209.11
B-2 17,945.40 0.00 0.00 1,807,260.56
B-3 43,068.99 0.00 0.00 4,337,426.25
R-I 0.00 0.00 0.00 0.00
TOTALS 3,805,723.60 0.00 0.00 129,415,250.92
(*)Represents Notional Balance
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
A-I 22540ACR7 851.787566 5.146217 23.086573
A-II 22540ACS5 875.967556 5.566516 37.241795
A-III 22540ACT3 901.581724 6.679165 12.002151
PO 22540ACV8 920.663424 0.000000 38.818105
IO(*) 22540ACU0 893.285595 1.172123 0.000000
M-1 22540ACW6 987.499955 5.966146 2.518597
M-2 22540ACX4 987.499958 5.966145 2.518596
M-3 22540ACY2 987.499958 5.966146 2.518596
B-1 22540ACZ9 987.499957 7.261891 2.518597
B-2 22540ZDA3 987.499963 7.261890 2.518594
B-3 22540ADB1 987.499957 7.261892 2.518598
R-I 0.000000 0.000000 0.000000
CURRENT
PRINCIPAL
TOTAL BALANCE
A-I 28.232790 828.700993
A-II 42.808311 838.725761
A-III 18.681316 889.579573
PO 38.818105 881.845319
IO(*) 1.172123 876.488281
M-1 8.484742 984.981359
M-2 8.484742 984.981362
M-3 8.484742 984.981362
B-1 9.780488 984.981361
B-2 9.780485 984.981369
B-3 9.780490 984.981360
R-I 0.000000 0.000000
PASS-THROUGH RATES
CLASS CURRENT NEXT
A-I 7.250000% 7.250000%
A-II 7.625647% NA
A-III 8.889929% NAPO 0.000000% 0.000000%
IO(*) 1.574578% NA
M-1 7.250000% 7.250000%
M-2 7.250000% 7.250000%
M-3 7.250000% 7.250000%
B-1 8.824578% NA
B-2 8.824578% NA
B-3 8.824578% NA
R-I 0.000000% 0.000000%
SELLER: Wilshire Mortgage Funding Company
SERVICER: Wilshire Servicing Corporation
LEAD UNDERWRITER: Credit Suisse First Boston Mortgage Securities
Corp.
RECORD DATE: February 27, 1998
DISTRIBUTION DATE: March 25, 1998
ADMINISTRATOR: Katie M. Wannenmacher
Bankers Trust Company
3 Park Plaza
Irvine, CA 92614
FACTOR INFO: (800)735-7777
Page 1 of 2 COPYRIGHT 1998 Bankers Trust Company
Wilshire Mortgage Funding Company
Mortgage Backed Certificates
Series 1997-WFC1
Statement to Certificateholders
Distribution Date: March 25, 1998
DELINQUENCY ADVANCES FOR DISTRIBUTION DATE:
INTEREST: 308,415.51
PRINCIPAL: 103,187.25
UNREIMBURSED DELINQUENCY
ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
UNREIMBURSED SERVICING
ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
DELINQUENT LOAN 31 TO 60 61 TO 90 91+
INFORMATION DAYS DAYS DAYS TOTAL
PRIN. BAL. 6,366,316.17 3,137,928.30 3,362,781.50 12,867,025.97
NUMBER OF LOANS 131 65 64 260
FORECLOSURE LOAN INFORMATION:
PRINCIPAL BALANCE 1,663,029.02
NUMBER OF LOANS 26
BANKRUPTCY LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
NUMBER OF LOANS 0
REO LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
NUMBER OF LOANS 0
BOOK VALUE PRINCIPAL BALANCE OF REO LOANS: NA
PRINCIPAL PREPAYMENTS 2,561,525.65
SUBSTITUTION AMOUNTS OR REPURCHASE AMOUNTS 0.00
OTHER UNSCHEDULED RECOVERIES 0.00
Page 2 of 2 COPYRIGHT 1998 Bankers Trust Company
Wilshire Mortgage Funding Company
Mortgage Backed Certificates
Series 1997-WFC1
Statement to Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
ORIGINAL PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
A-I 46,655,248.00 38,663,250.33 233,590.47 1,635,455.25
A-II 35,584,475.00 29,845,615.87 189,381.83 1,200,724.58
A-III 26,166,367.00 23,277,065.57 172,364.69 563,343.56
PO 1,682,950.00 1,484,101.58 0.00 48,104.28
IO(*) 67,205,202.00 58,904,571.98 76,433.25 0.00
M-1 8,807,123.00 8,674,851.98 52,410.56 21,785.24
M-2 6,605,342.00 6,506,138.76 39,307.72 16,338.93
M-3 5,137,489.00 5,060,330.91 30,572.82 12,708.06
B-1 9,908,014.00 9,759,209.11 71,625.22 24,508.40
B-2 1,834,817.00 1,807,260.56 13,263.93 4,538.59
B-3 4,403,561.76 4,337,426.25 31,833.43 10,892.62
R-I 0.00 0.00 0.00 0.00
TOTALS 146,785,386.76 129,415,250.92 910,784.12 3,538,399.51
CURRENT
REALIZED DEFERRED PRINCIPAL
CLASS TOTAL LOSSES INTEREST BALANCE
A-I 1,869,045.72 0.00 0.00 37,027,795.08
A-II 1,390,106.41 0.00 0.00 28,644,891.29
A-III 735,708.25 0.00 0.00 22,713,722.01
PO 48,104.28 0.00 0.00 1,435,997.30
IO(*) 76,433.25 0.00 0.00 57,218,284.50
M-1 74,195.80 0.00 0.00 8,653,066.74
M-2 55,646.85 0.00 0.00 6,489,799.83
M-3 43,280.88 0.00 0.00 5,047,622.85
B-1 96,133.62 0.00 0.00 9,734,700.71
B-2 17,802.52 0.00 0.00 1,802,721.97
B-3 42,726.05 0.00 0.00 4,326,533.63
R-I 0.00 0.00 0.00 0.00
TOTALS 4,449,183.63 0.00 0.00 125,876,851.41
(*)Represents Notional Balance
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
A-I 22540ACR7 828.700993 5.006735 35.054047
A-II 22540ACS5 838.725761 5.322035 33.742934
A-III 22540ACT3 889.579573 6.587261 21.529300
PO 22540ACV8 881.845319 0.000000 28.583309
IO(*) 22540ACU0 876.488281 1.137312 0.000000
M-1 22540ACW6 984.981359 5.950929 2.473593
M-2 22540ACX4 984.981362 5.950929 2.473593
M-3 22540ACY2 984.981362 5.950927 2.473594
B-1 22540ACZ9 984.981361 7.229019 2.473594
B-2 22540ZDA3 984.981369 7.229021 2.473593
B-3 22540ADB1 984.981360 7.229019 2.473593
R-I 0.000000 0.000000 0.000000
CURRENT
PRINCIPAL
TOTAL BALANCE
A-I 40.060782 793.646946
A-II 39.064969 804.982827
A-III 28.116561 868.050273
PO 28.583309 853.262010
IO(*) 1.137312 982.507760
M-1 8.424522 982.507766
M-2 8.424522 982.507769
M-3 8.424520 982.507768
B-1 9.702612 982.507767
B-2 9.702613 982.507776
B-3 9.702612 982.507767
R-I 0.000000 0.000000
PASS-THROUGH RATES
CLASS CURRENT NEXT
A-I 7.250000% 7.250000%
A-II 7.614458% NA
A-III 8.885898% NAPO 0.000000% 0.000000%
IO(*) 1.557093% NA
M-1 7.250000% 7.250000%
M-2 7.250000% 7.250000%
M-3 7.250000% 7.250000%
B-1 8.807093% NA
B-2 8.807093% NA
B-3 8.807093% NA
R-I 0.000000% 0.000000%
SELLER: Wilshire Mortgage Funding Company
SERVICER: Wilshire Servicing Corporation
LEAD UNDERWRITER: Credit Suisse First Boston Mortgage Securities
Corp.
RECORD DATE: March 31, 1998
DISTRIBUTION DATE: April 27, 1998
ADMINISTRATOR: Katie M. Wannenmacher
Bankers Trust Company
3 Park Plaza
Irvine, CA 92614
FACTOR INFO: (800)735-7777
Page 1 of 2 COPYRIGHT 1998 Bankers Trust Company
Wilshire Mortgage Funding Company
Mortgage Backed Certificates
Series 1997-WFC1
Statement to Certificateholders
Distribution Date: April 27, 1998
DELINQUENCY ADVANCES FOR DISTRIBUTION DATE:
INTEREST: 260,811.78
PRINCIPAL: 90,172.76
UNREIMBURSED DELINQUENCY
ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
UNREIMBURSED SERVICING
ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
DELINQUENT LOAN 31 TO 60 61 TO 90 91+
INFORMATION DAYS DAYS DAYS TOTAL
PRIN. BAL. 5,853,076.21 2,206,806.31 2,646,021.05 10,705,903.57
NUMBER OF LOANS 111 55 54 220
FORECLOSURE LOAN INFORMATION:
PRINCIPAL BALANCE 2,109,732.48
NUMBER OF LOANS 36
BANKRUPTCY LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
NUMBER OF LOANS 0
REO LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
NUMBER OF LOANS 0
BOOK VALUE PRINCIPAL BALANCE OF REO LOANS: NA
PRINCIPAL PREPAYMENTS 3,233,181.30
SUBSTITUTION AMOUNTS OR REPURCHASE AMOUNTS 0.00
OTHER UNSCHEDULED RECOVERIES 0.00
Page 2 of 2 COPYRIGHT 1998 Bankers Trust Company
Wilshire Mortgage Funding Company
Mortgage Backed Certificates
Series 1997-WFC1
Statement to Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
ORIGINAL PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
A-I 46,655,248.00 37,027,795.08 233,709.60 1,623,010.01
A-II 35,584,475.00 28,644,891.29 181,574.17 1,018,963.31
A-III 26,166,367.00 22,713,722.01 168,431.73 578,972.25
PO 1,682,950.00 1,435,997.30 0.00 54,685.39
IO(*) 67,205,202.00 57,218,284.50 73,712.20 0.00
M-1 8,807,123.00 8,653,066.74 52,278.94 21,850.17
M-2 6,605,342.00 6,489,799.83 39,209.21 16,387.63
M-3 5,137,489.00 5,047,622.85 30,496.06 12,745.93
B-1 9,908,014.00 9,734,700.71 71,354.67 24,581.44
B-2 1,834,817.00 1,802,721.97 13,213.83 4,552.12
B-3 4,403,561.76 4,326,533.63 31,713.19 10,925.09
R-I 0.00 0.00 0.00 0.00
TOTALS 146,785,386.76 125,876,851.41 885,693.60 3,366,673.34
CURRENT
REALIZED DEFERRED PRINCIPAL
CLASS TOTAL LOSSES INTEREST BALANCE
A-I 1,846,719.61 0.00 0.00 35,404,785.07
A-II 1,200,537.48 0.00 0.00 27,625,927.98
A-III 747,403.98 0.00 0.00 22,134,749.76
PO 54,685.39 0.00 0.00 1,381,311.91
IO(*) 73,712.20 0.00 0.00 55,544,290.76
M-1 74,129.11 0.00 0.00 8,631,216.57
M-2 55,596.84 0.00 0.00 6,473,412.20
M-3 43,241.99 0.00 0.00 5,034,876.92
B-1 95,936.11 0.00 0.00 9,710,119.27
B-2 17,765.95 0.00 0.00 1,798,169.85
B-3 42,638.28 0.00 0.00 4,315,608.54
R-I 0.00 0.00 0.00 0.00
TOTALS 4,252,366.94 0.00 0.00 122,510,178.07
(*)Represents Notional Balance
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
A-I 22540ACR7 793.646946 4.794950 34.787298
A-II 22540ACS5 804.982827 5.102623 28.635053
A-III 22540ACT3 868.050273 6.436955 22.126581
PO 22540ACV8 853.262010 0.000000 32.493770
IO(*) 22540ACU0 851.396660 1.096823 0.000000
M-1 22540ACW6 982.507766 5.935984 2.480966
M-2 22540ACX4 982.507769 5.935985 2.480966
M-3 22540ACY2 982.507768 5.935985 2.480965
B-1 22540ACZ9 982.507767 7.201713 2.480965
B-2 22540ZDA3 982.507776 7.201715 2.480967
B-3 22540ADB1 982.507767 7.201713 2.480967
R-I 0.000000 0.000000 0.000000
CURRENT
PRINCIPAL
TOTAL BALANCE
A-I 39.582248 758.859648
A-II 33.737676 776.347775
A-III 28.563537 845.923691
PO 32.493770 820.768240
IO(*) 1.096823 826.487967
M-1 8.416950 980.026800
M-2 8.416951 980.026803
M-3 8.416950 980.026803
B-1 9.682678 980.026802
B-2 9.682682 980.026809
B-3 9.682680 980.026800
R-I 0.000000 0.000000
PASS-THROUGH RATES
CLASS CURRENT NEXT
A-I 7.250000% 7.250000%
A-II 7.606557% NA
A-III 8.898501% NAPO 0.000000% 0.000000%
IO(*) 1.545916% NA
M-1 7.250000% 7.250000%
M-2 7.250000% 7.250000%
M-3 7.250000% 7.250000%
B-1 8.795916% NA
B-2 8.795916% NA
B-3 8.795916% NA
R-I 0.000000% 0.000000%
SELLER: Wilshire Mortgage Funding Company
SERVICER: Wilshire Servicing Corporation
LEAD UNDERWRITER: Credit Suisse First Boston Mortgage Securities
Corp.
RECORD DATE: April 30, 1998
DISTRIBUTION DATE: May 26, 1998
ADMINISTRATOR: Katie M. Wannenmacher
Bankers Trust Company
3 Park Plaza
Irvine, CA 92614
FACTOR INFO: (800)735-7777
Page 1 of 2 COPYRIGHT 1998 Bankers Trust Company
Wilshire Mortgage Funding Company
Mortgage Backed Certificates
Series 1997-WFC1
Statement to Certificateholders
Distribution Date: May 26, 1998
DELINQUENCY ADVANCES FOR DISTRIBUTION DATE:
INTEREST: 263,678.80
PRINCIPAL: 102,006.26
UNREIMBURSED DELINQUENCY
ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
UNREIMBURSED SERVICING
ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
0 0 -2.2737368E-13
DELINQUENT LOAN 31 TO 60 61 TO 90 91+
INFORMATION DAYS DAYS DAYS TOTAL
PRIN. BAL. 4,684,519.91 2,525,095.43 3,842,990.68 11,052,606.02
NUMBER OF LOANS 105 45 79 229
FORECLOSURE LOAN INFORMATION:
PRINCIPAL BALANCE 1,930,162.30
NUMBER OF LOANS 37
BANKRUPTCY LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
NUMBER OF LOANS 0
REO LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
NUMBER OF LOANS 0
BOOK VALUE PRINCIPAL BALANCE OF REO LOANS: NA
PRINCIPAL PREPAYMENTS 3,066,966.69
SUBSTITUTION AMOUNTS OR REPURCHASE AMOUNTS 0.00
OTHER UNSCHEDULED RECOVERIES 0.00
Page 2 of 2 COPYRIGHT 1998 Bankers Trust Company
Wilshire Mortgage Funding Company
Mortgage Backed Certificates
Series 1997-WFC1
Statement to Certificateholders
DISTRIBUTIONS IN DOLLARS
PRIOR
ORIGINAL PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL
A-I 46,655,248.00 35,404,785.07 213,903.91 1,885,602.24
A-II 35,584,475.00 27,625,927.98 174,743.84 1,858,242.93
A-III 26,166,367.00 22,134,749.76 164,248.50 742,543.60
PO 1,682,950.00 1,381,311.91 0.00 23,592.15
IO(*) 67,205,202.00 55,544,290.76 71,750.37 0.00
M-1 8,807,123.00 8,631,216.57 52,146.93 21,534.89
M-2 6,605,342.00 6,473,412.20 39,110.20 16,151.17
M-3 5,137,489.00 5,034,876.92 30,419.07 12,562.02
B-1 9,908,014.00 9,710,119.27 71,208.53 24,226.75
B-2 1,834,817.00 1,798,169.85 13,186.76 4,486.43
B-3 4,403,561.76 4,315,608.54 31,648.24 10,767.45
R-I 0.00 0.00 0.00 0.00
TOTALS 146,785,386.76 122,510,178.07 862,366.35 4,599,709.63
CURRENT
REALIZED DEFERRED PRINCIPAL
CLASS TOTAL LOSSES INTEREST BALANCE
A-I 2,099,506.15 0.00 0.00 33,519,182.83
A-II 2,032,986.77 0.00 0.00 25,767,685.05
A-III 906,792.10 0.00 0.00 21,392,206.16
PO 23,592.15 0.00 0.00 1,357,719.76
IO(*) 71,750.37 0.00 0.00 53,608,440.44
M-1 73,681.82 0.00 0.00 8,609,681.68
M-2 55,261.37 0.00 0.00 6,457,261.03
M-3 42,981.09 0.00 0.00 5,022,314.90
B-1 95,435.28 0.00 0.00 9,685,892.52
B-2 17,673.19 0.00 0.00 1,793,683.42
B-3 42,415.69 0.00 0.00 4,304,841.09
R-I 0.00 0.00 0.00 0.00
TOTALS 5,462,075.98 0.00 0.00 117,910,468.44
(*)Represents Notional Balance
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR
PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL
A-I 22540ACR7 758.859648 4.584777 40.415651
A-II 22540ACS5 776.347775 4.910676 52.220608
A-III 22540ACT3 845.923691 6.277085 28.377787
PO 22540ACV8 820.768240 0.000000 14.018331
IO(*) 22540ACU0 826.487967 1.067631 0.000000
M-1 22540ACW6 980.026800 5.920995 2.445167
M-2 22540ACX4 980.026803 5.920995 2.445168
M-3 22540ACY2 980.026803 5.921000 2.445167
B-1 22540ACZ9 980.026802 7.186963 2.445167
B-2 22540ZDA3 980.026809 7.186962 2.445165
B-3 22540ADB1 980.026800 7.186964 2.445168
R-I 0.000000 0.000000 0.000000
CURRENT
PRINCIPAL
TOTAL BALANCE
A-I 45.000428 718.443996
A-II 57.131285 724.127166
A-III 34.654872 817.545904
PO 14.018331 806.749909
IO(*) 1.067631 797.682900
M-1 8.366162 977.581633
M-2 8.366163 977.581635
M-3 8.366167 977.581636
B-1 9.632130 977.581634
B-2 9.632127 977.581644
B-3 9.632132 977.581632
R-I 0.000000 0.000000
PASS-THROUGH RATES
CLASS CURRENT NEXT
A-I 7.250000% 7.250000%
A-II 7.606557% NA
A-III 8.898501% NAPO 0.000000% 0.000000%
IO(*) 1.545916% NA
M-1 7.250000% 7.250000%
M-2 7.250000% 7.250000%
M-3 7.250000% 7.250000%
B-1 8.795916% NA
B-2 8.795916% NA
B-3 8.795916% NA
R-I 0.000000% 0.000000%
SELLER: Wilshire Mortgage Funding Company
SERVICER: Wilshire Servicing Corporation
LEAD UNDERWRITER: Credit Suisse First Boston Mortgage Securities
Corp.
RECORD DATE: May 29, 1998
DISTRIBUTION DATE: June 25, 1998
ADMINISTRATOR: Katie M. Wannenmacher
Bankers Trust Company
3 Park Plaza
Irvine, CA 92614
FACTOR INFO: (800)735-7777
Page 1 of 2 COPYRIGHT 1998 Bankers Trust Company
Wilshire Mortgage Funding Company
Mortgage Backed Certificates
Series 1997-WFC1
Statement to Certificateholders
Distribution Date: June 25, 1998
DELINQUENCY ADVANCES FOR DISTRIBUTION DATE:
INTEREST: 247,978.43
PRINCIPAL: 81,574.34
UNREIMBURSED DELINQUENCY
ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
UNREIMBURSED SERVICING
ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
188533.02 -461068.59 -1503675.89
DELINQUENT LOAN 31 TO 60 61 TO 90 91+
INFORMATION DAYS DAYS DAYS TOTAL
PRIN. BAL. 4,873,052.93 2,064,026.84 2,339,314.79 9,276,394.56
NUMBER OF LOANS 94 48 52 194
FORECLOSURE LOAN INFORMATION:
PRINCIPAL BALANCE 2,426,298.70
NUMBER OF LOANS 40
BANKRUPTCY LOAN INFORMATION:
PRINCIPAL BALANCE 0.00
NUMBER OF LOANS 0
REO LOAN INFORMATION:
PRINCIPAL BALANCE 45,760.92
NUMBER OF LOANS 0
BOOK VALUE PRINCIPAL BALANCE OF REO LOANS: NA
PRINCIPAL PREPAYMENTS 4,090,908.22
SUBSTITUTION AMOUNTS OR REPURCHASE AMOUNTS 220,504.87
OTHER UNSCHEDULED RECOVERIES 0.00
Page 2 of 2 COPYRIGHT 1998 Bankers Trust Company
