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): September 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
September 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: January 21, 1999 By: /s/ Judy L. Gomez
Judy L. Gomez
Assistant Vice President
EXHIBIT INDEX
DOCUMENT:
Monthly Report to Certificateholders as to distributions made on
September 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 21,905,315.40 109,190.36 285,664.08
>394,854.44 0.00 0.00 21,619,651.32
Reg Int 12,059,818.00 12,032,320.04 59,976.92 13,710.31
> 73,687.23 0.00 0.00 12,018,609.73
Reg Int 11,255,830.00 11,230,165.24 55,978.46 12,796.28
> 68,774.74 0.00 0.00 11,217,368.96
Reg Int 8,843,866.00 8,823,700.83 43,983.07 10,054.22
> 54,037.29 0.00 0.00 8,813,646.61
Reg Int 33,552,979.00 32,901,844.82 219,691.51 558,186.15
>777,877.66 0.00 0.00 32,343,658.67
Reg Int 40,232,784.00 39,352,680.61 300,168.58 546,590.62
>846,759.20 0.00 0.00 38,806,089.99
Reg Int 20,099,697.00 20,053,867.07 99,961.54 22,850.51
>122,812.05 0.00 0.00 20,031,016.56
Reg Int 3,215,951.00 3,208,618.22 15,993.84 3,656.08
> 19,649.92 0.00 0.00 3,204,962.14
Reg Int 8,843,869.30 8,823,704.12 43,983.09 10,054.23
> 54,037.32 0.00 0.00 8,813,649.89
R-I 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 160,797,577.30 158,332,216.35 948,927.37 1,463,562.48 2,
>412,489.85 0.00 0.00 156,868,653.87
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 965.298765 4.811678 12.588323
> 17.400001 952.710442 5.981582% NA
Reg Int B 997.719869 4.973286 1.136859
> 6.110144 996.583011 5.981582% NA
Reg Int C 997.719870 4.973286 1.136858
> 6.110144 996.583012 5.981582% NA
Reg Int D 997.719869 4.973285 1.136858
> 6.110143 996.583011 5.981582% NA
Reg Int E 980.593849 6.547601 16.635964
> 23.183565 963.957885 8.012615% NA
Reg Int F 978.124721 7.460796 13.585702
> 21.046498 964.539018 9.153183% NA
Reg Int G 997.719870 4.973286 1.136858
> 6.110144 996.583011 5.981582% NA
Reg Int H 997.719872 4.973285 1.136858
> 6.110143 996.583014 5.981582% NA
Reg Int I 997.719869 4.973286 1.136859
> 6.110145 996.583010 5.981582% 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 21,905,315.40 109,190.36 285,664.08
>394,854.44 0.00 0.00 21,619,651.32
A-II 33,552,979.00 32,901,844.82 219,691.51 558,186.15
>777,877.66 0.00 0.00 32,343,658.67
A-III 40,232,784.00 39,352,680.61 229,557.30 546,590.62
>776,147.92 0.00 0.00 38,806,089.99
IO(*) 119,794,194.00 117,422,326.11 70,611.28 0.00
> 70,611.28 0.00 0.00 116,005,378.67
M-1 12,059,818.00 12,032,320.04 59,976.92 13,710.31
> 73,687.23 0.00 0.00 12,018,609.73
M-2 11,255,830.00 11,230,165.24 55,978.46 12,796.28
> 68,774.74 0.00 0.00 11,217,368.96
M-3 8,843,866.00 8,823,700.83 43,983.07 10,054.22
> 54,037.29 0.00 0.00 8,813,646.61
B-1 20,099,697.00 20,053,867.07 99,961.54 22,850.51
>122,812.05 0.00 0.00 20,031,016.56
B-2 3,215,951.00 3,208,618.22 15,993.84 3,656.08
> 19,649.92 0.00 0.00 3,204,962.14
B-3 8,843,869.30 8,823,704.12 43,983.09 10,054.23
> 54,037.32 0.00 0.00 8,813,649.89
R-II 0.00 0.00 0.00 0.00
> 0.00 0.00 0.00 0.00
TOTALS 160,797,577.30 158,332,216.35 948,927.37 1,463,562.48 2,
>412,489.85 0.00 0.00 156,868,653.87
(*) 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 965.298765 4.811678 12.588323
> 17.400001 952.710442 5.981582% NA
A-II 22540AGR3 980.593849 6.547601 16.635964
> 23.183565 963.957885 8.012615% NA
A-III 22540AGS1 978.124721 5.705727 13.585702
> 19.291430 964.539018 7.000000% NA
IO(*) 980.200477 0.589438 0.000000
> 0.589438 968.372296 0.721613% NA
M-1 22540AGU6 997.719869 4.973286 1.136859
> 6.110144 996.583011 5.981582% NA
M-2 22540AGV4 997.719870 4.973286 1.136858
> 6.110144 996.583012 5.981582% NA
M-3 22540AGW2 997.719869 4.973285 1.136858
> 6.110143 996.583011 5.981582% NA
B-1 22540AGX0 997.719870 4.973286 1.136858
> 6.110144 996.583011 5.981582% NA
B-2 22540AGY8 997.719872 4.973285 1.136858
> 6.110143 996.583014 5.981582% NA
B-3 22540AGZ5 997.719869 4.973286 1.136859
> 6.110145 996.583010 5.981582% 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:
> 802,292.51
>
> PRINCIPAL:
> 213,608.99
>
> 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 (*)
> 12,373,823.66 5,312,105.17 172,519,400.81 20,205,329.64
>
> NUMBER OF LOANS (*)
> 110 54 31 195
>
> FORECLOSURE LOAN INFORM
>ATION:
> PRINCIPAL BALANCE
> 4,633,640.59
>
> NUMBER OF LOANS
> 35
>
> 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
> 1,166,713.7
>
> SUBSTITUTION AMOUNTS OR
> REPURCHASE AMOUNTS 0.00
>
> OTHER UNSCHEDULED RECOV
>ERIES 0.00
>
> ENDING MORTGAGE LOAN PR
>INCIPAL BALANCE 156,868,653.87
>
> ENNG LOAN COUNT
> 1,145
>
> (*) Exclusive of Bankru
>ptcies, Foreclosures and REOs.
>
> Page 3 of 3 (c) COPYRIGHT 1998 B
>
ankers Trust Company
