SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant To Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 25,
1998.
WILSHIRE MORTGAGE FUNDING COMPANY IV, INC.
Wilshire Mortgage Funding Company VI, 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
Servicer (the "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 June 1, 1998, providing
for the issuance of the Wilshire Funding Corporation Mortgage Backed
Certificates, Series 1998-WFC2.)
WILSHIRE FUNDING CORPORATION MORTGAGE BACKED CERTIFICATES,
SERIES 1998-WFC2.
(Exact name of Registrant as specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
333-33807 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
August 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 of California, N.A.,
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
August 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 1998- WFC2
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 22,692,783.00 22,588,870.47 112,088.75 683,555.07
>795,643.82 0.00 0.00 21,905,315.40
Reg Int 12,059,818.00 12,045,967.36 59,773.57 13,647.32
> 73,420.89 0.00 0.00 12,032,320.04
Reg Int 11,255,830.00 11,242,902.74 55,788.66 12,737.50
> 68,526.16 0.00 0.00 11,230,165.24
Reg Int 8,843,866.00 8,833,708.86 43,833.95 10,008.03
> 53,841.98 0.00 0.00 8,823,700.83
Reg Int 33,552,979.00 33,080,619.48 220,963.53 178,774.66
>399,738.19 0.00 0.00 32,901,844.82
Reg Int 40,232,784.00 39,789,461.91 303,927.96 436,781.30
>740,709.26 0.00 0.00 39,352,680.61
Reg Int 20,099,697.00 20,076,612.60 99,622.62 22,745.53
>122,368.15 0.00 0.00 20,053,867.07
Reg Int 3,215,951.00 3,212,257.50 15,939.62 3,639.28
> 19,578.90 0.00 0.00 3,208,618.22
Reg Int 8,843,869.30 8,833,712.16 43,833.96 10,008.04
> 53,842.00 0.00 0.00 8,823,704.12
R-I 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 160,797,577.30 159,704,113.08 955,772.62 1,371,896.73 2,
>327,669.35 0.00 0.00 158,332,216.35
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 995.420900 4.939401 30.122135
> 35.061536 965.298765 5.954547% NA
Reg Int B 998.851505 4.956424 1.131636
> 6.088060 997.719869 5.954547% NA
Reg Int C 998.851505 4.956423 1.131636
> 6.088059 997.719870 5.954547% NA
Reg Int D 998.851505 4.956424 1.131635
> 6.088059 997.719869 5.954547% NA
Reg Int E 985.921980 6.585512 5.328131
> 11.913642 980.593849 8.015456% NA
Reg Int F 988.981073 7.554236 10.856353
> 18.410589 978.124721 9.166084% NA
Reg Int G 998.851505 4.956424 1.131635
> 6.088059 997.719870 5.954547% NA
Reg Int H 998.851506 4.956425 1.131634
> 6.088059 997.719872 5.954547% NA
Reg Int I 998.851505 4.956423 1.131636
> 6.088059 997.719869 5.954547% NA
R-I 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% NA
SELLER: Wilshire Mortgage Funding Company VI, Inc. ADMI
>NISTRATOR: Jennifer 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 1998- WFC2
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 22,692,783.00 22,588,870.47 112,088.75 683,555.07
>795,643.82 0.00 0.00 21,905,315.40
A-II 33,552,979.00 33,080,619.48 220,963.53 178,774.66
>399,738.19 0.00 0.00 32,901,844.82
A-III 40,232,784.00 39,789,461.91 232,105.19 436,781.30
>668,886.49 0.00 0.00 39,352,680.61
IO(*) 119,794,194.00 118,747,821.96 71,822.77 0.00
> 71,822.77 0.00 0.00 117,422,326.11
M-1 12,059,818.00 12,045,967.36 59,773.57 13,647.32
> 73,420.89 0.00 0.00 12,032,320.04
M-2 11,255,830.00 11,242,902.74 55,788.66 12,737.50
> 68,526.16 0.00 0.00 11,230,165.24
M-3 8,843,866.00 8,833,708.86 43,833.95 10,008.03
> 53,841.98 0.00 0.00 8,823,700.83
B-1 20,099,697.00 20,076,612.60 99,622.62 22,745.53
>122,368.15 0.00 0.00 20,053,867.07
B-2 3,215,951.00 3,212,257.50 15,939.62 3,639.28
> 19,578.90 0.00 0.00 3,208,618.22
B-3 8,843,869.30 8,833,712.16 43,833.96 10,008.04
> 53,842.00 0.00 0.00 8,823,704.12
R-II 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 160,797,577.30 159,704,113.08 955,772.62 1,371,896.73 2,
>327,669.35 0.00 0.00 158,332,216.35
(*) 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 22540AGQ5 995.420900 4.939401 30.122135
> 35.061536 965.298765 5.954547% NA
A-II 22540AGR3 985.921980 6.585512 5.328131
> 11.913642 980.593849 8.015456% NA
A-III 22540AGS1 988.981073 5.769056 10.856353
> 16.625409 978.124721 7.000000% NA
IO(*) 991.265252 0.599551 0.000000
> 0.599551 980.200477 0.725801% NA
M-1 22540AGU6 998.851505 4.956424 1.131636
> 6.088060 997.719869 5.954547% NA
M-2 22540AGV4 998.851505 4.956423 1.131636
> 6.088059 997.719870 5.954547% NA
M-3 22540AGW2 998.851505 4.956424 1.131635
> 6.088059 997.719869 5.954547% NA
B-1 22540AGX0 998.851505 4.956424 1.131635
> 6.088059 997.719870 5.954547% NA
B-2 22540AGY8 998.851506 4.956425 1.131634
> 6.088059 997.719872 5.954547% NA
B-3 22540AGZ5 998.851505 4.956423 1.131636
> 6.088059 997.719869 5.954547% NA
R-II 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% NA
SELLER: Wilshire Mortgage Funding Company VI, Inc. ADMI
>NISTRATOR: Jennifer 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 1998- WFC2
> Statement To Certific
>ateholders
> Distribution Date:
> August 25, 1998
> DELINQUENCY ADVANCES FO
>R DISTRIBUTION DATE:
> INTEREST:
> 825,925.55
>
> PRINCIPAL:
> 208,632.49
>
> UNREIMBURSED DELINQUENC
>Y ADVANCES REMAINING AFTER DISTRIBUTION DATE: 616,725.49
>
> UNREIMBURSED SERVICING
>ADVANCES REMAINING AFTER DISTRIBUTION DATE: 0.00
>
> DELINQUENT LOAN
> 31-60 61-90 91 +
> INFORMATION:
> DAYS DAYS DAYS TOTAL
>
> PRINCIPAL BALANCE (*)
> 10,084,468.58 2,662,323.78 2,655,846.24 15,402,638.60
>
> NUMBER OF LOANS (*)
> 99 30 25 154
>
> FORECLOSURE LOAN INFORM
>ATION:
> PRINCIPAL BALANCE
> 2,913,443.63
>
> NUMBER OF LOANS
> 28
>
> BANKRUPTCY LOAN INFORMA
>TION:
> PRINCIPAL BALANCE
> 0.00
>
> NUMBER OF LOANS
> 0
>
> REO LOAN INFORMATION:
>
> PRINCIPAL BALANCE
> 0.00
>
> NUMBER OF LOANS
> 0
>
> BOOK VALUE PRINCIPAL BA
>LANCE OF REO LOANS: #N/A
> PRINCIPAL PREPAYMENTS
> 1,074,275.06
>
> SUBSTITUTION AMOUNTS OR
> REPURCHASE AMOUNTS 0.00
>
> OTHER UNSCHEDULED RECOV
>ERIES 0.00
>
> ENDING MORTGAGE LOAN PR
>INCIPAL BALANCE 158,332,216.35
>
> ENNG LOAN COUNT
> 1,155
>
> (*) Exclusive of Bankru
>ptcies, Foreclosures and REOs.
>
> Page 3 of 3 (c) COPYRIGHT 1998 B
>
ankers Trust Company
Wilshire Funding Corporation
Mortgage Backed Certificates
Series 1998- WFC2
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 22,692,783.00 21,619,651.32 110,025.62 216,784.89
>326,810.51 0.00 0.00 21,402,866.43
Reg Int 12,059,818.00 12,018,609.73 61,164.49 13,440.22
> 74,604.71 0.00 0.00 12,005,169.51
Reg Int 11,255,830.00 11,217,368.96 57,086.86 12,544.21
> 69,631.07 0.00 0.00 11,204,824.75
Reg Int 8,843,866.00 8,813,646.61 44,853.96 9,856.17
> 54,710.13 0.00 0.00 8,803,790.44
Reg Int 33,552,979.00 32,343,658.67 215,865.34 2,308,078.45 2,
>523,943.79 0.00 0.00 30,035,580.22
Reg Int 40,232,784.00 38,806,089.99 295,663.47 302,681.29
>598,344.76 0.00 0.00 38,503,408.70
Reg Int 20,099,697.00 20,031,016.56 101,940.82 22,400.38
>124,341.20 0.00 0.00 20,008,616.18
Reg Int 3,215,951.00 3,204,962.14 16,310.53 3,584.06
> 19,894.59 0.00 0.00 3,201,378.08
Reg Int 8,843,869.30 8,813,649.89 44,853.98 9,856.17
> 54,710.15 20,065.58 0.00 8,783,728.14
R-I 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 160,797,577.30 156,868,653.87 947,765.07 2,899,225.84 3,
>846,990.91 20,065.58 0.00 153,949,362.45
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 952.710442 4.848485 9.553032
> 14.401517 943.157410 6.106979% NA
Reg Int B 996.583011 5.071759 1.114463
> 6.186222 995.468548 6.106979% NA
Reg Int C 996.583012 5.071759 1.114463
> 6.186223 995.468548 6.106979% NA
Reg Int D 996.583011 5.071759 1.114464
> 6.186223 995.468547 6.106979% NA
Reg Int E 963.957885 6.433567 68.789077
> 75.222644 895.168808 8.008940% NA
Reg Int F 964.539018 7.348820 7.523250
> 14.872070 957.015769 9.142796% NA
Reg Int G 996.583011 5.071759 1.114464
> 6.186223 995.468548 6.106979% NA
Reg Int H 996.583014 5.071759 1.114463
> 6.186223 995.468550 6.106979% NA
Reg Int I 996.583010 5.071760 1.114464
> 6.186223 993.199678 6.106979% NA
R-I 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% NA
SELLER: Wilshire Mortgage Funding Company VI, Inc. ADMI
>NISTRATOR: Jennifer 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 1998- WFC2
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 22,692,783.00 21,619,651.32 110,025.62 216,784.89
>326,810.51 0.00 0.00 21,402,866.43
A-II 33,552,979.00 32,343,658.67 215,865.34 2,308,078.45 2,
>523,943.79 0.00 0.00 30,035,580.22
A-III 40,232,784.00 38,806,089.99 226,368.86 302,681.29
>529,050.15 0.00 0.00 38,503,408.70
IO(*) 119,794,194.00 116,005,378.67 69,294.61 0.00
> 69,294.61 0.00 0.00 113,151,849.61
M-1 12,059,818.00 12,018,609.73 61,164.49 13,440.22
> 74,604.71 0.00 0.00 12,005,169.51
M-2 11,255,830.00 11,217,368.96 57,086.86 12,544.21
> 69,631.07 0.00 0.00 11,204,824.75
M-3 8,843,866.00 8,813,646.61 44,853.96 9,856.17
> 54,710.13 0.00 0.00 8,803,790.44
B-1 20,099,697.00 20,031,016.56 101,940.82 22,400.38
>124,341.20 0.00 0.00 20,008,616.18
B-2 3,215,951.00 3,204,962.14 16,310.53 3,584.06
> 19,894.59 0.00 0.00 3,201,378.08
B-3 8,843,869.30 8,813,649.89 44,853.98 9,856.17
> 54,710.15 20,065.58 0.00 8,783,728.14
R-II 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 160,797,577.30 156,868,653.87 947,765.07 2,899,225.84 3,
>846,990.91 20,065.58 0.00 153,949,362.45
(*) 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 22540AGQ5 952.710442 4.848485 9.553032
> 14.401517 943.157410 6.106979% NA
A-II 22540AGR3 963.957885 6.433567 68.789077
> 75.222644 895.168808 8.008940% NA
A-III 22540AGS1 964.539018 5.626478 7.523250
> 13.149728 957.015769 7.000000% NA
IO(*) 968.372296 0.578447 0.000000
> 0.578447 944.552034 0.716808% NA
M-1 22540AGU6 996.583011 5.071759 1.114463
> 6.186222 995.468548 6.106979% NA
M-2 22540AGV4 996.583012 5.071759 1.114463
> 6.186223 995.468548 6.106979% NA
M-3 22540AGW2 996.583011 5.071759 1.114464
> 6.186223 995.468547 6.106979% NA
B-1 22540AGX0 996.583011 5.071759 1.114464
> 6.186223 995.468548 6.106979% NA
B-2 22540AGY8 996.583014 5.071759 1.114463
> 6.186223 995.468550 6.106979% NA
B-3 22540AGZ5 996.583010 5.071760 1.114464
> 6.186223 993.199678 6.106979% NA
R-II 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% NA
SELLER: Wilshire Mortgage Funding Company VI, Inc. ADMI
>NISTRATOR: Jennifer 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 1998- WFC2
> Statement To Certific
>ateholders
> Distribution Date:
> October 26, 1998
> DELINQUENCY ADVANCES FO
>R DISTRIBUTION DATE:
> INTEREST:
> 819,166.20
>
> PRINCIPAL:
> 211,228.86
>
> 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 (*)
> 6,859,822.71 5,172,507.74 6,218,592.65 18,250,923.10
>
> NUMBER OF LOANS (*)
> 78 48 58 184
>
> FORECLOSURE LOAN INFORM
>ATION:
> PRINCIPAL BALANCE
> 4,614,703.16
>
> NUMBER OF LOANS
> 47
>
> BANKRUPTCY LOAN INFORMA
>TION:
> PRINCIPAL BALANCE
> 0.00
>
> NUMBER OF LOANS
> 0
>
> REO LOAN INFORMATION:
>
> PRINCIPAL BALANCE
> 201,455.26
>
> NUMBER OF LOANS
> 1
>
> BOOK VALUE PRINCIPAL BA
>LANCE OF REO LOANS: #N/A
> PRINCIPAL PREPAYMENTS
> 2,610,530.6
>
> SUBSTITUTION AMOUNTS OR
> REPURCHASE AMOUNTS 0.00
>
> OTHER UNSCHEDULED RECOV
>ERIES 801.41
>
> ENDING MORTGAGE LOAN PR
>INCIPAL BALANCE 153,949,362.45
>
> ENNG LOAN COUNT
> 1,127
>
> (*) Exclusive of Bankru
>ptcies, Foreclosures and REOs.
>
> Page 3 of 3 (c) COPYRIGHT 1998 B
>
ankers Trust Company
Wilshire Funding Corporation
Mortgage Backed Certificates
Series 1998- WFC2
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 22,692,783.00 21,402,866.43 110,950.15 24,935.75
>135,885.90 0.00 0.00 21,377,930.68
Reg Int 12,059,818.00 12,005,169.51 62,233.51 13,273.13
> 75,506.64 0.00 0.00 11,991,896.38
Reg Int 11,255,830.00 11,204,824.75 58,084.60 12,388.25
> 70,472.85 0.00 0.00 11,192,436.50
Reg Int 8,843,866.00 8,803,790.44 45,637.91 9,733.63
> 55,371.54 0.00 0.00 8,794,056.81
Reg Int 33,552,979.00 30,035,580.22 196,290.00 117,088.66
>313,378.66 0.00 0.00 29,918,491.56
Reg Int 40,232,784.00 38,503,408.70 293,103.86 597,625.99
>890,729.85 0.00 0.00 37,905,782.71
Reg Int 20,099,697.00 20,008,616.18 103,722.51 22,121.88
>125,844.39 0.00 0.00 19,986,494.30
Reg Int 3,215,951.00 3,201,378.08 16,595.60 3,539.50
> 20,135.10 0.00 0.00 3,197,838.58
Reg Int 8,843,869.30 8,783,728.14 45,533.90 9,711.45
> 55,245.35 41,498.27 0.00 8,732,518.42
R-I 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 160,797,577.30 153,949,362.45 932,152.04 810,418.24 1,
>742,570.28 41,498.27 0.00 153,097,445.94
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 943.157410 4.889226 1.098841
> 5.988067 942.058569 6.220671% NA
Reg Int B 995.468548 5.160402 1.100608
> 6.261010 994.367940 6.220671% NA
Reg Int C 995.468548 5.160401 1.100607
> 6.261009 994.367941 6.220671% NA
Reg Int D 995.468547 5.160403 1.100608
> 6.261011 994.367939 6.220671% NA
Reg Int E 895.168808 5.850151 3.489665
> 9.339816 891.679143 7.842299% NA
Reg Int F 957.015769 7.285200 14.854204
> 22.139404 942.161564 9.134896% NA
Reg Int G 995.468548 5.160402 1.100608
> 6.261009 994.367940 6.220671% NA
Reg Int H 995.468550 5.160402 1.100608
> 6.261010 994.367943 6.220671% NA
Reg Int I 993.199678 5.148640 1.098100
> 6.246740 987.409258 6.220671% NA
R-I 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% NA
SELLER: Wilshire Mortgage Funding Company VI, Inc. ADMI
>NISTRATOR: Jennifer 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 1998- WFC2
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 22,692,783.00 21,402,866.43 110,950.15 24,935.75
>135,885.90 0.00 0.00 21,377,930.68
A-II 33,552,979.00 30,035,580.22 196,290.00 117,088.66
>313,378.66 0.00 0.00 29,918,491.56
A-III 40,232,784.00 38,503,408.70 224,603.22 597,625.99
>822,229.21 0.00 0.00 37,905,782.71
IO(*) 119,794,194.00 113,151,849.61 70,594.51 0.00
> 70,594.51 0.00 0.00 112,386,537.83
M-1 12,059,818.00 12,005,169.51 60,426.02 13,273.13
> 73,699.15 0.00 0.00 11,991,896.38
M-2 11,255,830.00 11,204,824.75 57,798.22 12,388.25
> 70,186.47 0.00 0.00 11,192,436.50
M-3 8,843,866.00 8,803,790.44 45,637.91 9,733.63
> 55,371.54 0.00 0.00 8,794,056.81
B-1 20,099,697.00 20,008,616.18 103,722.51 22,121.88
>125,844.39 0.00 0.00 19,986,494.30
B-2 3,215,951.00 3,201,378.08 16,595.60 3,539.50
> 20,135.10 0.00 0.00 3,197,838.58
B-3 8,843,869.30 8,783,728.14 45,533.90 9,711.45
> 55,245.35 41,498.27 0.00 8,732,518.42
R-II 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 160,797,577.30 153,949,362.45 932,152.04 810,418.24 1,
>742,570.28 41,498.27 0.00 153,097,445.94
(*) 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 22540AGQ5 943.157410 4.889226 1.098841
> 5.988067 942.058569 6.220671% NA
A-II 22540AGR3 895.168808 5.850151 3.489665
> 9.339816 891.679143 7.842299% NA
A-III 22540AGS1 957.015769 5.582592 14.854204
> 20.436796 942.161564 7.000000% NA
IO(*) 944.552034 0.589298 0.000000
> 0.589298 938.163479 0.748670% NA
M-1 22540AGU6 995.468548 5.010525 1.100608
> 6.111133 994.367940 6.040000% NA
M-2 22540AGV4 995.468548 5.134959 1.100607
> 6.235566 994.367941 6.190000% NA
M-3 22540AGW2 995.468547 5.160403 1.100608
> 6.261011 994.367939 6.220671% NA
B-1 22540AGX0 995.468548 5.160402 1.100608
> 6.261009 994.367940 6.220671% NA
B-2 22540AGY8 995.468550 5.160402 1.100608
> 6.261010 994.367943 6.220671% NA
B-3 22540AGZ5 993.199678 5.148640 1.098100
> 6.246740 987.409258 6.220671% NA
R-II 0.000000 0.000000 0.000000
> 0.000000 0.000000 0.000000% NA
SELLER: Wilshire Mortgage Funding Company VI, Inc. ADMI
>NISTRATOR: Jennifer 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 1998- WFC2
> Statement To Certific
>ateholders
> Distribution Date:
> November 25, 1998
> DELINQUENCY ADVANCES FO
>R DISTRIBUTION DATE:
> INTEREST:
> 812,071.86
>
> PRINCIPAL:
> 206,715.23
>
> 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 (*)
> 5,135,090.96 2,461,857.09 4,939,969.29 12,536,917.34
>
> NUMBER OF LOANS (*)
> 61 39 47 147
>
> FORECLOSURE LOAN INFORM
>ATION:
> PRINCIPAL BALANCE
> 7,173,654.42
>
> NUMBER OF LOANS
> 60
>
> BANKRUPTCY LOAN INFORMA
>TION:
> PRINCIPAL BALANCE
> 0.00
>
> NUMBER OF LOANS
> 0
>
> REO LOAN INFORMATION:
>
> PRINCIPAL BALANCE
> 240,397.62
>
> NUMBER OF LOANS
> 2
>
> BOOK VALUE PRINCIPAL BA
>LANCE OF REO LOANS: #N/A
> PRINCIPAL PREPAYMENTS
> 504,676.19
>
> SUBSTITUTION AMOUNTS OR
> REPURCHASE AMOUNTS 0.00
>
> OTHER UNSCHEDULED RECOV
>ERIES 20,078.78
>
> ENDING MORTGAGE LOAN PR
>INCIPAL BALANCE 153,097,445.94
>
> ENDING LOAN COUNT
> 1,115
>
> (*) Exclusive of Bankru
>ptcies, Foreclosures and REOs.
>
> Page 3 of 3 (c) COPYRIGHT 1998 B
>
ankers Trust Company
