February 23, 1999
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: First Boston Mortgage Securities Corp., Conduit Mortgage
Pass-Through Certificates, Series 1989-5; File No. 333-53115.
Ladies and Gentlemen:
Enclosed herewith for filing on behalf of First Boston Mortgage
Securities Corp., Conduit Mortgage Pass-Through Certificates, Series
1988-4 (as depositor under a series 1989-5 Pooling and Servicing
Agreement dated as of December 1, 1989, providing for, among other
things, the issuance of Conduit Mortgage Pass-Through Certificates,
Series 1989-5 is a Current Report on Form 8-K.
The Conduit Mortgage Pass-Through Certificates, Series 1989-5, will
consist of six Classes of Senior Certificates (collectively, the
"Class A Certificates"), one Class of Subordinated Certificates (the
"Class B Certificates") and one class of Residual Interest
Certificates (the "Residual Certificates") (collectively, the
"Certificates"). The Certificates evidence beneficial ownership
interests in a trust fund (the "Trust Fund") to be created by First
Boston Mortgage Securities Corp.(the "Depositor"), consisting of a
pool of conventional, fixed-rate mortgage loans (the "Mortgage
Loans") secured by first mortgages or deeds of trust on residential
properties. The Mortgage Loans were originated by The Prudential
Insurance Company of America ("Prudential") to facilitate the
purchase or sale of residences by transferred or new employees of
Prudential and its affiliates. The Mortgage Loans will be purchased
by the Depositor from Prudential and will be transferred by the
Depositor to the Trust Fund in exchange for the Certificates pursuant
to a Pooling and Servicing Agreement, to be dated as of December 1,
1989. The Mortgage Loans are more full described in the Prospectus
Supplement dated December 7, 1989. Prudential will act as Servicer
of the Mortgage Loans pursuant to the Pooling and Servicing
Agreement.
The Certificates were registered under the Securities Act of 1933.
As a result, the Registrant 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 agent for Registrant will file, promptly after each Distribution
Date (as defined in the Indenture), 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.
Within 90 days after the end of each fiscal year, the agent for the
Registrant 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 agent for the Registrant 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 agent for the Registrant 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 (949) 253-7562.
Sincerely,
/s/ Judy L. Gomez
Assistant Vice President
Bankers Trust Company of California, N.A.
S.E.C. Reporting Agent for First Boston Mortgage Securities Corp.,
Conduit Mortgage Pass-Through Certificates, Series 1989-5.
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): January 25, 1990
First Boston Mortgage Securities Corp.
Conduit Mortgage Pass-Through Certificates, Series 1989-5
(as issuer under the Pooling and Servicing Agreement, dated
as of December 1, 1989, providing for the issuance of Conduit
Mortgage Pass-Through Certificates, Series, 1989-5).
First Boston Mortgage Securities Corp.
Conduit Mortgage Pass-Through Certificates, Series 1989-5
(Exact name of Registrant as specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
333-53115 13-332-0910
(Commission File Number) (I.R.S. Employer
Identification No.)
c/o The First Boston Corporation
Park Avenue Plaza
New York, New York 10055
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: 212-909-2000
ITEM 5. Other Events
Attached hereto is a copy of the Monthly Remittance Statement
to the Certificateholders which was derived from the monthly
information submitted by the Master Servicer to the Trustee.
ITEM 7. Financial Statement and Exhibits
Exhibits: (as noted in Item 5 above)
Monthly Remittance Statement to the Certificateholders dated as of
January 25, 1990.
Monthly Remittance Statement to the Certificateholders dated as of
February 26, 1990.
Monthly Remittance Statement to the Certificateholders dated as of
March 26, 1990.
Monthly Remittance Statement to the Certificateholders dated as of
April 25, 1990.
Monthly Remittance Statement to the Certificateholders dated as of
May 25, 1990.
Monthly Remittance Statement to the Certificateholders dated as of
June 25, 1990.
Monthly Remittance Statement to the Certificateholders dated as of
July 25, 1990.
Monthly Remittance Statement to the Certificateholders dated as of
August 27, 1990.
Monthly Remittance Statement to the Certificateholders dated as of
September 25, 1990.
Monthly Remittance Statement to the Certificateholders dated as of
October 25, 1990.
Monthly Remittance Statement to the Certificateholders dated as of
November 26, 1990.
Monthly Remittance Statement to the Certificateholders dated as of
December 26, 1990.
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 December 1, 1989.
Date: February 23, 1999 By: /s/ Judy L. Gomez
Judy L. Gomez
Assistant Vice President
EXHIBIT INDEX
Monthly Remittance Statement to the Certificateholders dated as of
January 25, 1990.
Monthly Remittance Statement to the Certificateholders dated as of
February 26, 1990.
Monthly Remittance Statement to the Certificateholders dated as of
March 26, 1990.
Monthly Remittance Statement to the Certificateholders dated as of
April 25, 1990.
Monthly Remittance Statement to the Certificateholders dated as of
May 25, 1990.
Monthly Remittance Statement to the Certificateholders dated as of
June 25, 1990.
Monthly Remittance Statement to the Certificateholders dated as of
July 25, 1990.
Monthly Remittance Statement to the Certificateholders dated as of
August 27, 1990.
Monthly Remittance Statement to the Certificateholders dated as of
September 25, 1990.
Monthly Remittance Statement to the Certificateholders dated as of
October 25, 1990.
Monthly Remittance Statement to the Certificateholders dated as of
November 26, 1990.
Monthly Remittance Statement to the Certificateholders dated as of
December 26, 1990.
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 1/25/90 STATEMENT TO CERTIFICATEHOLDERS PAGE 1 OF 3
DISTRIBUTION SUMMARY
PRINCIPAL
>
> REMAINING
ORIGINAL BALANCE BEFORE I
>NTEREST PRINCIPAL TOTAL DEFERRED REALIZED
> PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION DISTRIBUTION INTEREST LOSSES
> BALANCE
A1 319339AP2 48,005,000.00 48,005,000.00
> 300,031.25 360,167.27 660,198.52 0.00 0.00
>47,644,832.73
A2 319339AK3 23,253,000.00 23,253,000.00
> 174,397.50 720,442.60 894,840.10 0.00 0.00
>22,532,557.40
A3 319339AL1 18,910,000.00 18,910,000.00
> 141,825.00 0.00 141,825.00 0.00 0.00
>18,910,000.00
A4 319339AM9 14,393,000.00 14,393,000.00
> 107,947.50 0.00 107,947.50 0.00 0.00
>14,393,000.00
A5 319339AN7 10,006,000.00 10,006,000.00
> 75,045.00 0.00 75,045.00 0.00 0.00
>10,006,000.00
A6 319339AQ0 29,448,000.00 29,448,000.00
> 220,860.00 0.00 220,860.00 0.00 0.00
>29,448,000.00
B 10,011,000.00 10,011,000.00
> 70,911.25 0.00 70,911.25 0.00 0.00
>10,011,000.00
RESIDUAL 0.00 0.00
> 91,986.51 0.00 91,986.51 0.00 0.00
> 0.00
154,026,000.00 154,026,000.00 1
>,183,004.01 1,080,609.87 2,263,613.88 0.00 0.00
>152,945,390.13
RECORD DATE: 12/29/89
DISTRIBUTION DATE: 1/25/90
PRIOR DISTRIBUTION DATE: NA
AMOUNTS PER $1,000 UNIT
> CERTIFICATE RATE: CURRENT
> NEXT
PRINCIPAL
> PRINCIPAL
BALANCE BEFORE INTEREST PRINCIPAL
> TOTAL BALANCE AFTER Class A1 7.500000%
> 7.500000%
CLASS DISTRIBUTION DISTRIBUTION DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION Class A2 9.00000%
> 9.000000%
> Class A3 9.00000%
> 9.000000%
A1 1,000.000000 6.250000 7.502703
> 13.752703 992.497297 Class A4 9.00000%
> 9.000000%
A2 1,000.000000 7.500000 30.982781
> 38.482781 969.017219 Class A5 9.00000%
> 9.000000%
A3 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class A6 9.00000%
> 9.000000%
A4 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class B 8.500000%
> 8.500000%
A5 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
A6 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
B 1,000.000000 7.083333 0.000000
> 7.083333 1,000.000000
RESIDUAL 0.000000 0.597214 0.000000
> 0.597214 0.000000
ACCOUNT NUMBER: 11-7-26140-0
ADMINISTRATOR: MICHAEL EVANS
SECURITY PACIFIC NATIONAL BANK
555 ANTON BOULEVARD BC-071
COSTA MESA, CA 92626
FOR CERTIFICATE FACTOR INFORMATION, PLEASE CALL 1-800-423-5041
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 1/25/1990 STATEMENT TO CERTIFICATEHOLDERS PAGE 2 OF 3
OTHER RELATED INFORMATION
SERVICING COMPENSATION RECEIVED BY THE MASTER SERVICER:
PRUDENTIAL HOME INSURANCE CO. SERVICING FEES 37,158.24
PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES 29,195.76
LESS: SERVICING FEES APPLIED FOR PREPAYMENT INTEREST SHORTFALL -290.47
TOTAL PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES 28,905.29
ADDITIONAL SERVICING COMPENSATION 0.00
TOTAL SERVICING COMPENSATION 66,063.53
DELINQUENCIES:
(A) ONE MONTHLY PAYMENT:
NUMBER OF LOANS 0
AS A PERCENTAGE OF TOTAL POOL 0.00%
AGGREGATE PRINCIPAL BALANCE 0.00
AS A PERCENTAGE OF TOTAL POOL 0.00%
(B) TWO MONTHLY PAYMENTS:
NUMBER OF LOANS 0
AS A PERCENTAGE OF TOTAL POOL 0.00%
AGGREGATE PRINCIPAL BALANCE 0.00
AS A PERCENTAGE OF TOTAL POOL 0.00%
(C) THREE OR MORE MONTHLY PAYMENTS:
NUMBER OF LOANS 0
AS A PERCENTAGE OF TOTAL POOL 0.00%
AGGREGATE PRINCIPAL BALANCE 0.00
AS A PERCENTAGE OF TOTAL POOL 0.00%
FORECLOSURES:
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
NUMBER OF MORTGAGE PROPERTIES CONVERTED TO REO PROPERTY 0
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 1/25/1990 STATEMENT TO CERTIFICATEHOLDERS PAGE 3 OF 3
OTHER RELATED INFORMATION
ADVANCES REQUIRED FROM THE MASTER SERVICER:
PRINCIPAL 30,911.77
INTEREST 184,576.46
TOTAL ADVANCES REQUIRED FROM THE MASTER SERVICER 215,488.23
SERVICER ADVANCES RECOVERED 0.00
PRINCIPAL PREPAYMENTS DURING THE PRECEDING MONTH 952,224.42
TOTAL REALIZED LOSSES 0.00
TOTAL PURCHASE LOSSES 0.00
ALLOCATED PREPAYMENT INTEREST SHORTFALLS:
CLASS A 0.00
CLASS B 0.00
ASSET VALUE AS OF 2ND PRECEDING DETERMINATION DATE 154,026,408.00
ASSET VALUE AS OF 1ST PRECEDING DETERMINATION DATE 152,945,798.13
TOTAL ASSET VALUE REDUCTION 1,080,609.87
TOTAL NUMBER OF LOANS IN POOL AS OF DETERMINATION DATE 2257
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 2/26/90 STATEMENT TO CERTIFICATEHOLDERS PAGE 1 OF 3
DISTRIBUTION SUMMARY
PRINCIPAL
>
> REMAINING
ORIGINAL BALANCE BEFORE I
>NTEREST PRINCIPAL TOTAL DEFERRED REALIZED
> PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION DISTRIBUTION INTEREST LOSSES
> BALANCE
A1 319339AP2 48,005,000.00 47,644,832.73
> 297,780.20 337,432.23 635,212.43 0.00 0.00
>47,307,400.50
A2 319339AK3 23,253,000.00 22,532,557.40
> 168,994.18 674,965.69 843,959.87 0.00 0.00
>21,857,591.71
A3 319339AL1 18,910,000.00 18,910,000.00
> 141,825.00 0.00 141,825.00 0.00 0.00
>18,910,000.00
A4 319339AM9 14,393,000.00 14,393,000.00
> 107,947.50 0.00 107,947.50 0.00 0.00
>14,393,000.00
A5 319339AN7 10,006,000.00 10,006,000.00
> 75,045.00 0.00 75,045.00 0.00 0.00
>10,0006,000.00
A6 319339AQ0 29,448,000.00 29,448,000.00
> 220,860.00 0.00 220,860.00 0.00 0.00
>29,448,000.00
B NONE 10,011,000.00 10,011,000.00
> 70,911.25 0.00 70,911.25 0.00 0.00
>10,011,000.00
RESIDUAL NONE 0.00 0.00
> 48,499.20 0.00 48,499.20 0.00 0.00
> 0.00
154,026,000.00 152,945,390.13 1
>,131,862.33 1,012,397.92 2,144,260.25 0.00 0.00
>151,932,992.21
RECORD DATE: 1/29/90
DISTRIBUTION DATE: 2/26/90
PRIOR DISTRIBUTION DATE: 1/25/90
AMOUNTS PER $1,000 UNIT
> CERTIFICATE RATE: CURRENT
> NEXT
PRINCIPAL
> PRINCIPAL
BALANCE BEFORE INTEREST PRINCIPAL
> TOTAL BALANCE AFTER Class A1 7.50000%
> 7.50000%
CLASS DISTRIBUTION DISTRIBUTION DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION Class A2 9.00000%
> 9.00000%
> Class A3 9.00000%
> 9.00000%
A1 992.497297 6.203108 7.029106
> 13.232214 985.468191 Class A4 9.00000%
> 9.00000%
A2 969.017219 7.267629 29.027037
> 36.294666 939.990182 Class A5 9.00000%
> 9.00000%
A3 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class A6 9.00000%
> 9.00000%
A4 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class B 8.500000%
> 8.50000%
A5 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
A6 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
B 1,000.000000 7.083333 0.000000
> 7.083333 1,000.000000
RESIDUAL 0.000000 0.314877 0.000000
> 0.314877 0.000000
ACCOUNT NUMBER: 11-7-26140-0
ADMINISTRATOR: MICHAEL EVANS
SECURITY PACIFIC NATIONAL BANK
555 ANTON BOULEVARD BC-071
COSTA MESA, CA 92626
FOR CERTIFICATE FACTOR INFORMATION, PLEASE CALL 1-800-423-5041
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 2/26/1990 STATEMENT TO CERTIFICATEHOLDERS PAGE 2 OF 3
OTHER RELATED INFORMATION
SERVICING COMPENSATION RECEIVED BY THE MASTER SERVICER:
PRUDENTIAL HOME INSURANCE CO. SERVICING FEES 36,888.12
PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES 28,983.52
LESS: SERVICING FEES APPLIED FOR PREPAYMENT INTEREST SHORTFALL -1,740.10
TOTAL PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES 27,243.42
ADDITIONAL SERVICING COMPENSATION 0.00
TOTAL SERVICING COMPENSATION 64,131.54
DELINQUENCIES:
(A) ONE MONTHLY PAYMENT:
NUMBER OF LOANS 1
AS A PERCENTAGE OF TOTAL POOL 0.04%
AGGREGATE PRINCIPAL BALANCE 59,788.38
AS A PERCENTAGE OF TOTAL POOL 0.04%
(B) TWO MONTHLY PAYMENTS:
NUMBER OF LOANS 0
AS A PERCENTAGE OF TOTAL POOL 0.00%
AGGREGATE PRINCIPAL BALANCE 0.00
AS A PERCENTAGE OF TOTAL POOL 0.00%
(C) THREE OR MORE MONTHLY PAYMENTS:
NUMBER OF LOANS 0
AS A PERCENTAGE OF TOTAL POOL 0.00%
AGGREGATE PRINCIPAL BALANCE 0.00
AS A PERCENTAGE OF TOTAL POOL 0.00%
FORECLOSURES:
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
NUMBER OF MORTGAGE PROPERTIES CONVERTED TO REO PROPERTY 0
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 2/26/1990 STATEMENT TO CERTIFICATEHOLDERS PAGE 3 OF 3
OTHER RELATED INFORMATION
ADVANCES REQUIRED FROM THE MASTER SERVICER:
PRINCIPAL 16,196.14
INTEREST 106,296.22
TOTAL ADVANCES REQUIRED FROM THE MASTER SERVICER 122,492.36
SERVICER ADVANCES RECOVERED 0.00
PRINCIPAL PREPAYMENTS DURING THE PRECEDING MONTH 840,195.26
TOTAL REALIZED LOSSES 0.00
TOTAL PURCHASE LOSSES 0.00
ALLOCATED PREPAYMENT INTEREST SHORTFALLS:
CLASS A 0.00
CLASS B 0.00
ASSET VALUE AS OF 2ND PRECEDING DETERMINATION DATE 152,945,798.13
ASSET VALUE AS OF 1ST PRECEDING DETERMINATION DATE 151,933,400.21
TOTAL ASSET VALUE REDUCTION 1,012,397.92
TOTAL NUMBER OF LOANS IN POOL AS OF DETERMINATION DATE 2257
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 3/26/90 STATEMENT TO CERTIFICATEHOLDERS PAGE 1 OF 3
DISTRIBUTION SUMMARY
PRINCIPAL
>
> REMAINING
ORIGINAL BALANCE BEFORE I
>NTEREST PRINCIPAL TOTAL DEFERRED REALIZED
> PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION DISTRIBUTION INTEREST LOSSES
> BALANCE
A1 319339AP2 48,005,000.00 47,307,400.50
> 295,671.25 564,599.58 860,270.83 0.00 0.00
>46,742,800.92
A2 319339AK3 23,253,000.00 21,857,591.71
> 163,931.94 1,129,368.56 1,293,300.50 0.00 0.00
>20,728,223.15
A3 319339AL1 18,910,000.00 18,910,000.00
> 141,825.00 0.00 141,825.00 0.00 0.00
>18,910,000.00
A4 319339AM9 14,393,000.00 14,393,000.00
> 107,947.50 0.00 107,947.50 0.00 0.00
>14,393,000.00
A5 319339AN7 10,006,000.00 10,006,000.00
> 75,045.00 0.00 75,045.00 0.00 0.00
>10,006,000.00
A6 319339AQ0 29,448,000.00 29,448,000.00
> 220,860.00 0.00 220,860.00 0.00 0.00
>29,448,000.00
B NONE 10,011,000.00 10,011,000.00
> 70,911.25 0.00 70,911.25 0.00 0.00
>10,011,000.00
RESIDUAL NONE 0.00 0.00
> 90,398.19 0.00 90,398.19 0.00 0.00
> 0.00
154,026,000.00 151,932,992.21 1
>,166,590.13 1,693,968.14 2,860,558.27 0.00 0.00
>150,239,024.07
RECORD DATE: 2/28/90
DISTRIBUTION DATE: 3/26/90
PRIOR DISTRIBUTION DATE: 2/26/90
AMOUNTS PER $1,000 UNIT
> CERTIFICATE RATE: CURRENT
> NEXT
PRINCIPAL
> PRINCIPAL
BALANCE BEFORE INTEREST PRINCIPAL
> TOTAL BALANCE AFTER Class A1 7.500000%
> 7.500000%
CLASS DISTRIBUTION DISTRIBUTION DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION Class A2 9.000000%
> 9.000000%
> Class A3 9.000000%
> 9.000000%
A1 985.468191 6.159176 11.761266
> 17.920442 973.706925 Class A4 9.000000%
> 9.000000%
A2 939.990182 7.049926 48.568725
> 55.618651 891.421457 Class A5 9.000000%
> 9.000000%
A3 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class A6 9.000000%
> 9.000000%
A4 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class B 8.500000%
> 8.500000%
A5 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
A6 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
B 1,000.000000 7.083333 0.000000
> 7.083333 1,000.000000
RESIDUAL 0.000000 0.586902 0.000000
> 0.586902 0.000000
ACCOUNT NUMBER: 11-7-26140-0
ADMINISTRATOR: MICHAEL EVANS
SECURITY PACIFIC NATIONAL BANK
555 ANTON BOULEVARD BC-071
COSTA MESA, CA 92626
FOR CERTIFICATE FACTOR INFORMATION, PLEASE CALL 1-800-423-5041
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 3/26/1990 STATEMENT TO CERTIFICATEHOLDERS PAGE 2 OF 3
OTHER RELATED INFORMATION
SERVICING COMPENSATION RECEIVED BY THE MASTER SERVICER:
PRUDENTIAL HOME INSURANCE CO. SERVICING FEES 36,644.04
PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES 28,791.75
LESS: SERVICING FEES APPLIED FOR PREPAYMENT INTEREST SHORTFALL -2,417.94
TOTAL PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES 26,373.81
ADDITIONAL SERVICING COMPENSATION 0.00
TOTAL SERVICING COMPENSATION 63,017.85
DELINQUENCIES:
(A) ONE MONTHLY PAYMENT:
NUMBER OF LOANS 3
AS A PERCENTAGE OF TOTAL POOL 0.13%
AGGREGATE PRINCIPAL BALANCE 223,551.93
AS A PERCENTAGE OF TOTAL POOL 0.14%
(B) TWO MONTHLY PAYMENTS:
NUMBER OF LOANS 0
AS A PERCENTAGE OF TOTAL POOL 0.00%
AGGREGATE PRINCIPAL BALANCE 0.00
AS A PERCENTAGE OF TOTAL POOL 0.00%
(C) THREE OR MORE MONTHLY PAYMENTS:
NUMBER OF LOANS 0
AS A PERCENTAGE OF TOTAL POOL 0.00%
AGGREGATE PRINCIPAL BALANCE 0.00
AS A PERCENTAGE OF TOTAL POOL 0.00%
FORECLOSURES:
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
NUMBER OF MORTGAGE PROPERTIES CONVERTED TO REO PROPERTY 0
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 3/26/1990 STATEMENT TO CERTIFICATEHOLDERS PAGE 3 OF 3
OTHER RELATED INFORMATION
ADVANCES REQUIRED FROM THE MASTER SERVICER:
PRINCIPAL 16,491.87
INTEREST 105,518.09
TOTAL ADVANCES REQUIRED FROM THE MASTER SERVICER 122,009.95
SERVICER ADVANCES RECOVERED 0.00
PRINCIPAL PREPAYMENTS DURING THE PRECEDING MONTH 1,563,706.80
TOTAL REALIZED LOSSES 0.00
TOTAL PURCHASE LOSSES 0.00
ALLOCATED PREPAYMENT INTEREST SHORTFALLS:
CLASS A 0.00
CLASS B 0.00
ASSET VALUE AS OF 2ND PRECEDING DETERMINATION DATE 151,932,992.21
ASSET VALUE AS OF 1ST PRECEDING DETERMINATION DATE 150,238,616.07
TOTAL ASSET VALUE REDUCTION 1,694,376.14
TOTAL NUMBER OF LOANS IN POOL AS OF DETERMINATION DATE 2247
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 4/25/90 STATEMENT TO CERTIFICATEHOLDERS PAGE 1 OF 3
> DISTRIBUTION SUMMARY
PRINCIPAL
>
> REMAINING
ORIGINAL BALANCE BEFORE I
>NTEREST PRINCIPAL TOTAL DEFERRED REALIZED
> PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION DISTRIBUTION INTEREST LOSSES
> BALANCE
A1 319339AP2 48,005,000.00 46,742,800.92
> 292,142.51 458,529.51 750,672.02 0.00 0.00
>46,284,271.41
A2 319339AK3 23,253,000.00 20,728,223.15
> 155,461.67 917,196.59 1,072,658.26 0.00 0.00
>19,811,026.56
A3 319339AL1 18,910,000.00 18,910,000.00
> 141,825.00 0.00 141,825.00 0.00 0.00
>18,910,000.00
A4 319339AM9 14,393,000.00 14,393,000.00
> 107,947.50 0.00 107,947.50 0.00 0.00
>14,393,000.00
A5 319339AN7 10,006,000.00 10,006,000.00
> 75,045.00 0.00 75,045.00 0.00 0.00
>10,006,000.00
A6 319339AQ0 29,448,000.00 29,448,000.00
> 220,860.00 0.00 220,860.00 0.00 0.00
>29,448,000.00
B NONE 10,011,000.00 10,011,000.00
> 70,911.25 0.00 70,911.25 0.00 0.00
>10,011,000.00
RESIDUAL NONE 0.00 0.00
> 71,269.02 0.00 71,269.02 0.00 0.00
> 0.00
154,026,000.00 150,239,024.07 1
>,135,461.95 1,375,726.10 2,511,188.05 0.00 0.00
>0.00
RECORD DATE: 3/30/90
DISTRIBUTION DATE: 4/25/90
PRIOR DISTRIBUTION DATE: 3/26/90
AMOUNTS PER $1,000 UNIT
> CERTIFICATE RATE: CURRENT
> NEXT
PRINCIPAL
> PRINCIPAL
BALANCE BEFORE INTEREST PRINCIPAL
> TOTAL BALANCE AFTER Class A1 7.500000%
> 7.500000%
CLASS DISTRIBUTION DISTRIBUTION DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION Class A2 9.000000%
> 9.000000%
> Class A3 9.000000%
> 9.000000%
A1 973.706925 6.085668 9.551703
> 15.637371 964.155222 Class A4 9.000000%
> 9.000000%
A2 891.421457 6.685661 39.444226
> 46.129887 851.977231 Class A5 9.000000%
> 9.000000%
A3 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class A6 9.000000%
> 9.000000%
A4 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class B 8.500000%
> 8.500000%
A5 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
A6 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
B 1,000.000000 7.083333 0.000000
> 7.083333 1,000.000000
RESIDUAL 0.000000 0.462708 0.000000
> 0.462708 0.000000
ACCOUNT NUMBER: 11-7-26140-0
ADMINISTRATOR: MICHAEL EVANS
SECURITY PACIFIC NATIONAL BANK
555 ANTON BOULEVARD BC-071
COSTA MESA, CA 92626
FOR CERTIFICATE FACTOR INFORMATION, PLEASE CALL 1-800-423-5041
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 4/25/90 STATEMENT TO CERTIFICATEHOLDERS PAGE 2 OF 3
OTHER RELATED INFORMATION
SERVICING COMPENSATION RECEIVED BY THE MASTER SERVICER:
PRUDENTIAL HOME INSURANCE CO. SERVICING FEES 36,231.10
PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES 28,467.29
LESS: SERVICING FEES APPLIED FOR PREPAYMENT INTEREST SHORTFALL -1,801.47
TOTAL PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES 26,665.83
ADDITIONAL SERVICING COMPENSATION 0.00
TOTAL SERVICING COMPENSATION 62,896.93
DELINQUENCIES:
(A) ONE MONTHLY PAYMENT:
NUMBER OF LOANS 3
AS A PERCENTAGE OF TOTAL POOL 0.13%
AGGREGATE PRINCIPAL BALANCE 210,169.26
AS A PERCENTAGE OF TOTAL POOL 0.14%
(B) TWO MONTHLY PAYMENTS:
NUMBER OF LOANS 0
AS A PERCENTAGE OF TOTAL POOL 0.00%
AGGREGATE PRINCIPAL BALANCE 0.00
AS A PERCENTAGE OF TOTAL POOL 0.00%
(C) THREE OR MORE MONTHLY PAYMENTS:
NUMBER OF LOANS 0
AS A PERCENTAGE OF TOTAL POOL 0.00%
AGGREGATE PRINCIPAL BALANCE 0.00
AS A PERCENTAGE OF TOTAL POOL 0.00%
FORECLOSURES:
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
NUMBER OF MORTGAGE PROPERTIES CONVERTED TO REO PROPERTY 0
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 4/25/1990 STATEMENT TO CERTIFICATEHOLDERS PAGE 3 OF 3
OTHER RELATED INFORMATION
ADVANCES REQUIRED FROM THE MASTER SERVICER:
PRINCIPAL 20,599.45
INTEREST 124,639.25
TOTAL ADVANCES REQUIRED FROM THE MASTER SERVICER 145,238.70
SERVICER ADVANCES RECOVERED 0.00
PRINCIPAL PREPAYMENTS DURING THE PRECEDING MONTH 1,224,793.35
TOTAL REALIZED LOSSES 0.00
TOTAL PURCHASE LOSSES 0.00
ALLOCATED PREPAYMENT INTEREST SHORTFALLS:
CLASS A 0.00
CLASS B 0.00
ASSET VALUE AS OF 2ND PRECEDING DETERMINATION DATE 150,239,024.07
ASSET VALUE AS OF 1ST PRECEDING DETERMINATION DATE 148,863,297.97
TOTAL ASSET VALUE REDUCTION 1,375,726.10
TOTAL NUMBER OF LOANS IN POOL AS OF DETERMINATION DATE 2227
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 5/25/90 STATEMENT TO CERTIFICATEHOLDERS PAGE 1 OF 3
DISTRIBUTION SUMMARY
PRINCIPAL
>
> REMAINING
ORIGINAL BALANCE BEFORE I
>NTEREST PRINCIPAL TOTAL DEFERRED REALIZED
> PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION DISTRIBUTION INTEREST LOSSES
> BALANCE
A1 319339AP2 48,005,000.00 46,284,271.41
> 289,276.70 590,151.52 879,428.22 0.00 0.00
>45,694,119.89
A2 319339AK3 23,253,000.00 19,811,026.56
> 148,582.70 1,180,480.11 1,329,062.81 0.00 0.00
>18,630,546.45
A3 319339AL1 18,910,000.00 18,910,000.00
> 141,825.00 0.00 141,825.00 0.00 0.00
>18,910,000.00
A4 319339AM9 14,393,000.00 14,393,000.00
> 107,947.50 0.00 107,947.50 0.00 0.00
>14,393,000.00
A5 319339AN7 10,006,000.00 10,006,000.00
> 75,045.00 0.00 75,045.00 0.00 0.00
>10,0006,000.00
A6 319339AQ0 29,448,000.00 29,448,000.00
> 220,860.00 0.00 220,860.00 0.00 0.00
>29,448,000.00
B NONE 10,011,000.00 10,011,000.00
> 70,911.25 0.00 70,911.25 0.00 0.00
>10,011,000.00
RESIDUAL NONE 0.00 0.00
> 110,568.34 0.00 110,568.34 0.00 0.00
> 0.00
154,026,000.00 148,863,297.97 1
>,165,016.49 1,770,631.63 2,935,648.12 0.00 0.00
>147,092,666.34
RECORD DATE: 4/30/90
DISTRIBUTION DATE: 5/25/90
PRIOR DISTRIBUTION DATE: 4/25/90
AMOUNTS PER $1,000 UNIT
> CERTIFICATE RATE: CURRENT
> NEXT
PRINCIPAL
> PRINCIPAL
BALANCE BEFORE INTEREST PRINCIPAL
> TOTAL BALANCE AFTER Class A1 7.500000%
> 7.500000%
CLASS DISTRIBUTION DISTRIBUTION DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION Class A2 9.00000%
> 9.000000%
> Class A3 9.00000%
> 9.000000%
A1 964.155222 6.025970 12.293543
> 18.319513 951.861679 Class A4 9.00000%
> 9.000000%
A2 851.977231 6.389829 50.766788
> 57.156617 801.210444 Class A5 9.00000%
> 9.000000%
A3 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class A6 9.00000%
> 9.000000%
A4 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class B 8.500000%
> 8.500000%
A5 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
A6 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
B 1,000.000000 7.083333 0.000000
> 7.083333 1,000.000000
RESIDUAL 0.000000 0.717855 0.000000
> 0.717855 0.000000
ACCOUNT NUMBER: 11-7-26140-0
ADMINISTRATOR: MICHAEL EVANS
SECURITY PACIFIC NATIONAL BANK
555 ANTON BOULEVARD BC-071
COSTA MESA, CA 92626
FOR CERTIFICATE FACTOR INFORMATION, PLEASE CALL 1-800-423-5041
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 5/25/90 STATEMENT TO CERTIFICATEHOLDERS PAGE 2 OF 3
OTHER RELATED INFORMATION
SERVICING COMPENSATION RECEIVED BY THE MASTER SERVICER:
PRUDENTIAL HOME INSURANCE CO. SERVICING FEES 35,897.13
PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES 28,204.89
LESS: SERVICING FEES APPLIED FOR PREPAYMENT INTEREST SHORTFALL -2,309.06
TOTAL PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES 25,895.83
ADDITIONAL SERVICING COMPENSATION 0.00
TOTAL SERVICING COMPENSATION 61,792.97
DELINQUENCIES:
(A) ONE MONTHLY PAYMENT:
NUMBER OF LOANS 2
AS A PERCENTAGE OF TOTAL POOL 0.09%
AGGREGATE PRINCIPAL BALANCE 69,262.97
AS A PERCENTAGE OF TOTAL POOL 0.05%
(B) TWO MONTHLY PAYMENTS:
NUMBER OF LOANS 1
AS A PERCENTAGE OF TOTAL POOL 0.05%
AGGREGATE PRINCIPAL BALANCE 122,459.36
AS A PERCENTAGE OF TOTAL POOL 0.08%
(C) THREE OR MORE MONTHLY PAYMENTS:
NUMBER OF LOANS 0
AS A PERCENTAGE OF TOTAL POOL 0.00%
AGGREGATE PRINCIPAL BALANCE 0.00
AS A PERCENTAGE OF TOTAL POOL 0.00%
FORECLOSURES:
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
NUMBER OF MORTGAGE PROPERTIES CONVERTED TO REO PROPERTY 0
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 5/25/1990 STATEMENT TO CERTIFICATEHOLDERS PAGE 3 OF 3
OTHER RELATED INFORMATION
ADVANCES REQUIRED FROM THE MASTER SERVICER:
PRINCIPAL 15,891.90
INTEREST 96,353.31
TOTAL ADVANCES REQUIRED FROM THE MASTER SERVICER 112,245.21
SERVICER ADVANCES RECOVERED 0.00
PRINCIPAL PREPAYMENTS DURING THE PRECEDING MONTH 1,659,516.38
TOTAL REALIZED LOSSES 0.00
TOTAL PURCHASE LOSSES 0.00
ALLOCATED PREPAYMENT INTEREST SHORTFALLS:
CLASS A 0.00
CLASS B 0.00
ASSET VALUE AS OF 2ND PRECEDING DETERMINATION DATE 148,863,297.97
ASSET VALUE AS OF 1ST PRECEDING DETERMINATION DATE 147,092,666.34
TOTAL ASSET VALUE REDUCTION 1,770,631.63
TOTAL NUMBER OF LOANS IN POOL AS OF DETERMINATION DATE 2215
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 6/25/90 STATEMENT TO CERTIFICATEHOLDERS PAGE 1 OF 3
DISTRIBUTION SUMMARY
PRINCIPAL
>
> REMAINING
ORIGINAL BALANCE BEFORE I
>NTEREST PRINCIPAL TOTAL DEFERRED REALIZED
> PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION DISTRIBUTION INTEREST LOSSES
> BALANCE
A1 319339AP2 48,005,000.00 45,694,119.89
> 285,588.25 681,374.07 966,962.32 0.00 0.00
>45,012,745.82
A2 319339AK3 23,253,000.00 18,630,546.45
> 139,729.10 1,362,952.58 1,502,681.68 0.00 0.00
>17,267,593.87
A3 319339AL1 18,910,000.00 18,910,000.00
> 141,825.00 0.00 141,825.00 0.00 0.00
>18,910,000.00
A4 319339AM9 14,393,000.00 14,393,000.00
> 107,947.50 0.00 107,947.50 0.00 0.00
>14,393,000.00
A5 319339AN7 10,006,000.00 10,006,000.00
> 75,045.00 0.00 75,045.00 0.00 0.00
>10,006,000.00
A6 319339AQ0 29,448,000.00 29,448,000.00
> 220,860.00 0.00 220,860.00 0.00 0.00
>29,448,000.00
B NONE 10,011,000.00 10,011,000.00
> 70,911.25 0.00 70,911.25 0.00 0.00
>10,011,000.00
RESIDUAL NONE 0.00 0.00
> 92,215.67 0.00 92,215.67 0.00 0.00
> 0.00
154,026,000.00 147,092,666.34 1
>,134,121.77 2,044,326.65 3,178,448.42 0.00 0.00
>145,048,339.69
RECORD DATE: 5/30/1990
DISTRIBUTION DATE: 6/25/1990
PRIOR DISTRIBUTION DATE: 5/25/1990
AMOUNTS PER $1,000 UNIT
> CERTIFICATE RATE: CURRENT
> NEXT
PRINCIPAL
> PRINCIPAL
BALANCE BEFORE INTEREST PRINCIPAL
> TOTAL BALANCE AFTER Class A1 7.500000%
> 7.500000%
CLASS DISTRIBUTION DISTRIBUTION DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION Class A2 9.000000%
> 9.000000%
> Class A3 9.000000%
> 9.000000%
A1 951.861679 5.949136 14.193815
> 20.142951 937.667864 Class A4 9.000000%
> 9.000000%
A2 801.210444 6.009078 58.614053
> 64.623131 742.596391 Class A5 9.000000%
> 9.000000%
A3 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class A6 9.000000%
> 9.000000%
A4 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class B 8.500000%
> 8.500000%
A5 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
A6 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
B 1,000.000000 7.083333 0.000000
> 7.083333 1,000.000000
RESIDUAL 0.000000 0.598702 0.000000
> 0.598702 0.000000
ACCOUNT NUMBER: 11-7-26140-0
ADMINISTRATOR: MICHAEL EVANS
SECURITY PACIFIC NATIONAL BANK
555 ANTON BOULEVARD BC-071
COSTA MESA, CA 92626
FOR CERTIFICATE FACTOR INFORMATION, PLEASE CALL 1-800-423-5041
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 6/25/1990 STATEMENT TO CERTIFICATEHOLDERS PAGE 2 OF 3
OTHER RELATED INFORMATION
SERVICING COMPENSATION RECEIVED BY THE MASTER SERVICER:
PRUDENTIAL HOME INSURANCE CO. SERVICING FEES 35,461.84
PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES 27,862.87
LESS: SERVICING FEES APPLIED FOR PREPAYMENT INTEREST SHORTFALL -2,658.44
TOTAL PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES 25,204.44
ADDITIONAL SERVICING COMPENSATION 0.00
TOTAL SERVICING COMPENSATION 660,666.27
DELINQUENCIES:
(A) ONE MONTHLY PAYMENT:
NUMBER OF LOANS 3
AS A PERCENTAGE OF TOTAL POOL 0.14%
AGGREGATE PRINCIPAL BALANCE 249,013.70
AS A PERCENTAGE OF TOTAL POOL 0.16%
(B) TWO MONTHLY PAYMENTS:
NUMBER OF LOANS 0
AS A PERCENTAGE OF TOTAL POOL 0.00%
AGGREGATE PRINCIPAL BALANCE 0.00
AS A PERCENTAGE OF TOTAL POOL 0.00%
(C) THREE OR MORE MONTHLY PAYMENTS:
NUMBER OF LOANS 0
AS A PERCENTAGE OF TOTAL POOL 0.00%
AGGREGATE PRINCIPAL BALANCE 0.00
AS A PERCENTAGE OF TOTAL POOL 0.00%
FORECLOSURES:
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
NUMBER OF MORTGAGE PROPERTIES CONVERTED TO REO PROPERTY 0
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 6/25/1990 STATEMENT TO CERTIFICATEHOLDERS PAGE 3 OF 3
OTHER RELATED INFORMATION
ADVANCES REQUIRED FROM THE MASTER SERVICER:
PRINCIPAL 10,735.64
INTEREST 64,136.01
TOTAL ADVANCES REQUIRED FROM THE MASTER SERVICER 74,871.65
SERVICER ADVANCES RECOVERED 0.00
PRINCIPAL PREPAYMENTS DURING THE PRECEDING MONTH 1,916,334.27
TOTAL REALIZED LOSSES 0.00
TOTAL PURCHASE LOSSES 0.00
ALLOCATED PREPAYMENT INTEREST SHORTFALLS:
CLASS A 0.00
CLASS B 0.00
ASSET VALUE AS OF 2ND PRECEDING DETERMINATION DATE 147,092,666.34
ASSET VALUE AS OF 1ST PRECEDING DETERMINATION DATE 145,048,339.69
TOTAL ASSET VALUE REDUCTION 2,044,326.65
TOTAL NUMBER OF LOANS IN POOL AS OF DETERMINATION DATE 2193
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 7/25/90 STATEMENT TO CERTIFICATEHOLDERS PAGE 1 OF 3
> DISTRIBUTION SUMMARY
PRINCIPAL
>
> REMAINING
ORIGINAL BALANCE BEFORE I
>NTEREST PRINCIPAL TOTAL DEFERRED REALIZED
> PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION DISTRIBUTION INTEREST LOSSES
> BALANCE
A1 319339AP2 48,005,000.00 45,012,745.82
> 281,329.66 593,815.62 875,145.28 0.00 0.00
>44,418,930.20
A2 319339AK3 23,253,000.00 17,267,593.87
> 129,506.95 1,187,809.39 1,317,316.34 0.00 0.00
>16,079,784.48
A3 319339AL1 18,910,000.00 18,910,000.00
> 141,825.00 0.00 141,825.00 0.00 0.00
>18,910,000.00
A4 319339AM9 14,393,000.00 14,393,000.00
> 107,947.50 0.00 107,947.50 0.00 0.00
>14,393,000.00
A5 319339AN7 10,006,000.00 10,006,000.00
> 75,045.00 0.00 75,045.00 0.00 0.00
>10,0006,000.00
A6 319339AQ0 29,448,000.00 29,448,000.00
> 220,860.00 0.00 220,860.00 0.00 0.00
>29,448,000.00
B NONE 10,011,000.00 10,011,000.00
> 70,911.25 0.00 70,911.25 0.00 0.00
>10,011,000.00
RESIDUAL NONE 0.00 0.00
> 81,250.37 0.00 81,250.37 0.00 0.00
> 0.00
154,026,000.00 145,048,339.69 1
>,108,675.73 1,781,625.01 2,890,300.75 0.00 0.00
>143,266,714.68
RECORD DATE: 6/29/90
DISTRIBUTION DATE: 7/25/90
PRIOR DISTRIBUTION DATE: 6/25/90
AMOUNTS PER $1,000 UNIT
> CERTIFICATE RATE: CURRENT
> NEXT
PRINCIPAL
> PRINCIPAL
BALANCE BEFORE INTEREST PRINCIPAL
> TOTAL BALANCE AFTER Class A1 7.500000%
> 7.500000%
CLASS DISTRIBUTION DISTRIBUTION DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION Class A2 9.000000%
> 9.000000%
> Class A3 9.000000%
> 9.000000%
A1 937.667864 5.860424 12.369870
> 18.230294 925.297994 Class A4 9.000000%
> 9.000000%
A2 742.596391 5.569473 51.081985
> 56.651458 691.514406 Class A5 9.000000%
> 9.000000%
A3 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class A6 9.000000%
> 9.000000%
A4 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class B 8.500000%
> 8.500000%
A5 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
A6 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
B 1,000.000000 7.083333 0.000000
> 7.083333 1,000.000000
RESIDUAL 0.000000 0.527511 0.000000
> 0.527511 0.000000
ACCOUNT NUMBER: 11-7-26140-0
ADMINISTRATOR: MICHAEL EVANS
SECURITY PACIFIC NATIONAL BANK
555 ANTON BOULEVARD BC-071
COSTA MESA, CA 92626
FOR CERTIFICATE FACTOR INFORMATION, PLEASE CALL 1-800-423-5041
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 7/25/90 STATEMENT TO CERTIFICATEHOLDERS PAGE 2 OF 3
OTHER RELATED INFORMATION
SERVICING COMPENSATION RECEIVED BY THE MASTER SERVICER:
PRUDENTIAL HOME INSURANCE CO. SERVICING FEES 34,966.80
PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES 27,395.81
LESS: SERVICING FEES APPLIED FOR PREPAYMENT INTEREST SHORTFALL -1,508.06
TOTAL PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES 25,887.75
ADDITIONAL SERVICING COMPENSATION 0.00
TOTAL SERVICING COMPENSATION 60,854.55
DELINQUENCIES:
(A) ONE MONTHLY PAYMENT:
NUMBER OF LOANS 5
AS A PERCENTAGE OF TOTAL POOL 0.23%
AGGREGATE PRINCIPAL BALANCE 229,151.04
AS A PERCENTAGE OF TOTAL POOL 0.15%
(B) TWO MONTHLY PAYMENTS:
NUMBER OF LOANS 1
AS A PERCENTAGE OF TOTAL POOL 0.05%
AGGREGATE PRINCIPAL BALANCE 141,650.28
AS A PERCENTAGE OF TOTAL POOL 0.09%
(C) THREE OR MORE MONTHLY PAYMENTS:
NUMBER OF LOANS 0
AS A PERCENTAGE OF TOTAL POOL 0.00%
AGGREGATE PRINCIPAL BALANCE 0.00
AS A PERCENTAGE OF TOTAL POOL 0.00%
FORECLOSURES:
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
NUMBER OF MORTGAGE PROPERTIES CONVERTED TO REO PROPERTY 0
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 7/25/1990 STATEMENT TO CERTIFICATEHOLDERS PAGE 3 OF 3
OTHER RELATED INFORMATION
ADVANCES REQUIRED FROM THE MASTER SERVICER:
PRINCIPAL 29,323.15
INTEREST 189,992.83
TOTAL ADVANCES REQUIRED FROM THE MASTER SERVICER 219,315.98
SERVICER ADVANCES RECOVERED 0.00
PRINCIPAL PREPAYMENTS DURING THE PRECEDING MONTH 1,644,546.03
TOTAL REALIZED LOSSES 0.00
TOTAL PURCHASE LOSSES 0.00
ALLOCATED PREPAYMENT INTEREST SHORTFALLS:
CLASS A 0.00
CLASS B 0.00
ASSET VALUE AS OF 2ND PRECEDING DETERMINATION DATE 145,048,339.69
ASSET VALUE AS OF 1ST PRECEDING DETERMINATION DATE 143,266,714.68
TOTAL ASSET VALUE REDUCTION 1,781,625.01
TOTAL NUMBER OF LOANS IN POOL AS OF DETERMINATION DATE 2171
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 8/27/90 STATEMENT TO CERTIFICATEHOLDERS PAGE 1 OF 3
> DISTRIBUTION SUMMARY
PRINCIPAL
>
> REMAINING
ORIGINAL BALANCE BEFORE I
>NTEREST PRINCIPAL TOTAL DEFERRED REALIZED
> PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION DISTRIBUTION INTEREST LOSSES
> BALANCE
A1 319339AP2 48,005,000.00 44,418,930.20
> 277,618.31 744,972.21 1,022,590.52 0.00 0.00
>43,673,957.99
A2 319339AK3 23,253,000.00 16,079,784.48
> 120,598.38 1,490,167.92 1,610,766.30 0.00 0.00
>14,589,616.56
A3 319339AL1 18,910,000.00 18,910,000.00
> 141,825.00 0.00 141,825.00 0.00 0.00
>18,910,000.00
A4 319339AM9 14,393,000.00 14,393,000.00
> 107,947.50 0.00 107,947.50 0.00 0.00
>14,393,000.00
A5 319339AN7 10,006,000.00 10,006,000.00
> 75,045.00 0.00 75,045.00 0.00 0.00
>10,006,000.00
A6 319339AQ0 29,448,000.00 29,448,000.00
> 220,860.00 0.00 220,860.00 0.00 0.00
>29,448,000.00
B NONE 10,011,000.00 10,011,000.00
> 70,911.25 0.00 70,911.25 0.00 0.00
>10,011,000.00
RESIDUAL NONE 0.00 0.00
> 137,475.07 0.00 137,475.07 0.00 0.00
> 0.00
154,026,000.00 143,266,714.68 1
>,152,280.51 2,235,140.13 3,387,420.64 0.00 0.00
>141,031,574.55
RECORD DATE: 7/31/90
DISTRIBUTION DATE: 8/27/90
PRIOR DISTRIBUTION DATE: 7/25/90
AMOUNTS PER $1,000 UNIT
> CERTIFICATE RATE: CURRENT
> NEXT
PRINCIPAL
> PRINCIPAL
BALANCE BEFORE INTEREST PRINCIPAL
> TOTAL BALANCE AFTER Class A1 7.500000%
> 7.500000%
CLASS DISTRIBUTION DISTRIBUTION DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION Class A2 9.000000%
> 9.000000%
> Class A3 9.000000%
> 9.000000%
A1 925.297994 5.783112 15.518638
> 21.301750 909.779356 Class A4 9.000000%
> 9.000000%
A2 691.514406 5.186358 64.084975
> 69.271333 627.429431 Class A5 9.000000%
> 9.000000%
A3 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class A6 9.000000%
> 9.000000%
A4 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class B 8.500000%
> 8.500000%
A5 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
A6 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
B 1,000.000000 7.083333 0.000000
> 7.083333 1,000.000000
RESIDUAL 0.000000 0.892545 0.000000
> 0.892545 0.000000
ACCOUNT NUMBER: 11-7-26140-0
ADMINISTRATOR: MICHAEL EVANS
SECURITY PACIFIC NATIONAL BANK
555 ANTON BOULEVARD BC-071
COSTA MESA, CA 92626
FOR CERTIFICATE FACTOR INFORMATION, PLEASE CALL 1-800-423-5041
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 8/27/1990 STATEMENT TO CERTIFICATEHOLDERS PAGE 2 OF 3
OTHER RELATED INFORMATION
SERVICING COMPENSATION RECEIVED BY THE MASTER SERVICER:
PRUDENTIAL HOME INSURANCE CO. SERVICING FEES 34,535.32
PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES 27,134.89
LESS: SERVICING FEES APPLIED FOR PREPAYMENT INTEREST SHORTFALL -2,413.28
TOTAL PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES 24,721.61
ADDITIONAL SERVICING COMPENSATION 0.00
TOTAL SERVICING COMPENSATION 59,256.93
DELINQUENCIES:
(A) ONE MONTHLY PAYMENT:
NUMBER OF LOANS 4
AS A PERCENTAGE OF TOTAL POOL 0.19%
AGGREGATE PRINCIPAL BALANCE 271,045.33
AS A PERCENTAGE OF TOTAL POOL 0.18%
(B) TWO MONTHLY PAYMENTS:
NUMBER OF LOANS 1
AS A PERCENTAGE OF TOTAL POOL 0.05%
AGGREGATE PRINCIPAL BALANCE 34,211.39
AS A PERCENTAGE OF TOTAL POOL 0.02%
(C) THREE OR MORE MONTHLY PAYMENTS:
NUMBER OF LOANS 1
AS A PERCENTAGE OF TOTAL POOL 0.05%
AGGREGATE PRINCIPAL BALANCE 141,530.32
AS A PERCENTAGE OF TOTAL POOL 0.10%
FORECLOSURES:
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
NUMBER OF MORTGAGE PROPERTIES CONVERTED TO REO PROPERTY 0
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 8/27/1990 STATEMENT TO CERTIFICATEHOLDERS PAGE 3 OF 3
OTHER RELATED INFORMATION
ADVANCES REQUIRED FROM THE MASTER SERVICER:
PRINCIPAL 13,212.31
INTEREST 82,062.49
TOTAL ADVANCES REQUIRED FROM THE MASTER SERVICER 95,274.80
SERVICER ADVANCES RECOVERED 0.00
PRINCIPAL PREPAYMENTS DURING THE PRECEDING MONTH 2,154,115.68
TOTAL REALIZED LOSSES 0.00
TOTAL PURCHASE LOSSES 0.00
ALLOCATED PREPAYMENT INTEREST SHORTFALLS:
CLASS A 0.00
CLASS B 0.00
ASSET VALUE AS OF 2ND PRECEDING DETERMINATION DATE 143,266,714.68
ASSET VALUE AS OF 1ST PRECEDING DETERMINATION DATE 141,031,574.55
TOTAL ASSET VALUE REDUCTION 2,235,140.13
TOTAL NUMBER OF LOANS IN POOL AS OF DETERMINATION DATE 2147
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 9/25/90 STATEMENT TO CERTIFICATEHOLDERS PAGE 1 OF 3
> DISTRIBUTION SUMMARY
PRINCIPAL
>
> REMAINING
ORIGINAL BALANCE BEFORE I
>NTEREST PRINCIPAL TOTAL DEFERRED REALIZED
> PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION DISTRIBUTION INTEREST LOSSES
> BALANCE
A1 319339AP2 48,005,000.00 43,673,957.99
> 272,962.24 708,760.21 981,722.45 0.00 0.00
>42,965,197.78
A2 319339AK3 23,253,000.00 14,589,616.56
> 109,422.12 1,417,733.06 1,527,155.18 0.00 0.00
13,171,883.50
A3 319339AL1 18,910,000.00 18,910,000.00
> 141,825.00 0.00 141,825.00 0.00 0.00
18,910,000.00
A4 319339AM9 14,393,000.00 14,393,000.00
> 107,947.50 0.00 107,947.50 0.00 0.00
14,393,000.00
A5 319339AN7 10,006,000.00 10,006,000.00
> 75,045.00 0.00 75,045.00 0.00 0.00
10,006,000.00
A6 319339AQ0 29,448,000.00 29,448,000.00
> 220,860.00 0.00 220,860.00 0.00 0.00
29,448,000.00
B NONE 10,011,000.00 10,011,000.00
> 70,911.25 0.00 70,911.25 0.00 0.00
10,011,000.00
RESIDUAL NONE 0.00 0.00
> 98,433.32 0.00 98,433.32 0.00 0.00
> 0.00
154,026,000.00 141,031,574.55 1
>,097,406.43 2,126,493.27 3,223,899.70 0.00 0.00
138,905,081.28
RECORD DATE: 8/31/90
DISTRIBUTION DATE: 9/25/90
PRIOR DISTRIBUTION DATE: 8/27/90
AMOUNTS PER $1,000 UNIT
> CERTIFICATE RATE: CURRENT
> NEXT
PRINCIPAL
> PRINCIPAL
BALANCE BEFORE INTEREST PRINCIPAL
> TOTAL BALANCE AFTER Class A1 7.500000%
> 7.500000%
CLASS DISTRIBUTION DISTRIBUTION DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION Class A2 9.000000%
> 9.000000%
> Class A3 9.000000%
> 9.000000%
A1 909.779356 5.686121 14.764300
> 20.450421 895.015056 Class A4 9.000000%
> 9.000000%
A2 627.429431 4.705721 60.969899
> 65.675620 566.459532 Class A5 9.000000%
> 9.000000%
A3 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class A6 9.000000%
> 9.000000%
A4 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class B 9.000000%
> 8.500000%
A5 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
A6 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
B 1,000.000000 7.083333 0.000000
> 7.083333 1,000.000000
RESIDUAL 0.000000 0.639070 0.000000
> 0.639070 0.000000
ACCOUNT NUMBER: 11-7-26140-0
ADMINISTRATOR: MICHAEL EVANS
SECURITY PACIFIC NATIONAL BANK
555 ANTON BOULEVARD BC-071
COSTA MESA, CA 92626
FOR CERTIFICATE FACTOR INFORMATION, PLEASE CALL 1-800-872-8442
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 9/25/1990 STATEMENT TO CERTIFICATEHOLDERS PAGE 2 OF 3
OTHER RELATED INFORMATION
SERVICING COMPENSATION RECEIVED BY THE MASTER SERVICER:
PRUDENTIAL HOME INSURANCE CO. SERVICING FEES 33,985.28
PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES 26,702.71
LESS: SERVICING FEES APPLIED FOR PREPAYMENT INTEREST SHORTFALL -2,950.29
TOTAL PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES 23,752.42
ADDITIONAL SERVICING COMPENSATION 0.00
TOTAL SERVICING COMPENSATION 57,737.70
DELINQUENCIES:
(A) ONE MONTHLY PAYMENT:
NUMBER OF LOANS 4
AS A PERCENTAGE OF TOTAL POOL 0.19%
AGGREGATE PRINCIPAL BALANCE 332,931.37
AS A PERCENTAGE OF TOTAL POOL 0.23%
(B) TWO MONTHLY PAYMENTS:
NUMBER OF LOANS 0
AS A PERCENTAGE OF TOTAL POOL 0.00%
AGGREGATE PRINCIPAL BALANCE 0.00
AS A PERCENTAGE OF TOTAL POOL 0.00%
(C) THREE OR MORE MONTHLY PAYMENTS:
NUMBER OF LOANS 2
AS A PERCENTAGE OF TOTAL POOL 0.09%
AGGREGATE PRINCIPAL BALANCE 175,527.47
AS A PERCENTAGE OF TOTAL POOL 0.12%
FORECLOSURES:
NUMBER OF LOANS 0
AGGREGATE PRINCIPAL BALANCE 0.00
NUMBER OF MORTGAGE PROPERTIES CONVERTED TO REO PROPERTY 0
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 9/25/1990 STATEMENT TO CERTIFICATEHOLDERS PAGE 3 OF 3
OTHER RELATED INFORMATION
ADVANCES REQUIRED FROM THE MASTER SERVICER:
PRINCIPAL 16,468.08
INTEREST 106,964.77
TOTAL ADVANCES REQUIRED FROM THE MASTER SERVICER 123,432.85
SERVICER ADVANCES RECOVERED 0.00
PRINCIPAL PREPAYMENTS DURING THE PRECEDING MONTH 2,006,049.72
TOTAL REALIZED LOSSES 0.00
TOTAL PURCHASE LOSSES 0.00
ALLOCATED PREPAYMENT INTEREST SHORTFALLS:
CLASS A 0.00
CLASS B 0.00
ASSET VALUE AS OF 2ND PRECEDING DETERMINATION DATE 141,031,574.55
ASSET VALUE AS OF 1ST PRECEDING DETERMINATION DATE 138,905,081.28
TOTAL ASSET VALUE REDUCTION 2,126,493.27
TOTAL NUMBER OF LOANS IN POOL AS OF DETERMINATION DATE 2119
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 10/25/90 STATEMENT TO CERTIFICATEHOLDERS PAGE 1 OF 3
DISTRIBUTION SUMMARY
PRINCIPAL
>
> REMAINING
ORIGINAL BALANCE BEFORE I
>NTEREST PRINCIPAL TOTAL DEFERRED REALIZED
> PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION DISTRIBUTION INTEREST LOSSES
> BALANCE
A1 319339AP2 48,005,000.00 42,965,197.78
> 268,532.49 399,165.15 667,697.64 0.00 0.00
>42,566,032.63
A2 319339AK3 23,253,000.00 13,171,883.50
> 98,789.13 798,450.06 897,239.19 0.00 0.00
>12,373,433.44
A3 319339AL1 18,910,000.00 18,910,000.00
> 141,825.00 0.00 141,825.00 0.00 0.00
>18,910,000.00
A4 319339AM9 14,393,000.00 14,393,000.00
> 107,947.50 0.00 107,947.50 0.00 0.00
>14,393,000.00
A5 319339AN7 10,006,000.00 10,006,000.00
> 75,045.00 0.00 75,045.00 0.00 0.00
>10,006,000.00
A6 319339AQ0 29,448,000.00 29,448,000.00
> 220,860.00 0.00 220,860.00 0.00 0.00
>29,448,000.00
B NONE 10,011,000.00 10,011,000.00
> 70,911.25 0.00 70,911.25 0.00 0.00
>10,011,000.00
RESIDUAL NONE 0.00 0.00
> 63,843.14 0.00 63,843.14 0.00 0.00
> 0.00
154,026,000.00 138,905,081.28 1
>,047,753.51 1,197,615.21 2,245,368.72 0.00 0.00
>137,707,466.07
RECORD DATE: 09/28/1990
DISTRIBUTION DATE: 10/25/1990
PRIOR DISTRIBUTION DATE: 09/25/1990
AMOUNTS PER $1,000 UNIT
> CERTIFICATE RATE: CURRENT
> NEXT
PRINCIPAL
> PRINCIPAL
BALANCE BEFORE INTEREST PRINCIPAL
> TOTAL BALANCE AFTER Class A1 7.500000%
> 7.500000%
CLASS DISTRIBUTION DISTRIBUTION DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION Class A2 9.00000%
> 9.000000%
> Class A3 9.00000%
> 9.000000%
A1 895.015056 5.593844 8.315074
> 13.908918 886.699982 Class A4 9.00000%
> 9.000000%
A2 566.459532 4.248447 34.337507
> 38.585954 532.122025 Class A5 9.00000%
> 9.000000%
A3 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class A6 9.00000%
> 9.000000%
A4 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class B 8.500000%
> 8.500000%
A5 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
A6 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
B 1,000.000000 7.083333 0.000000
> 7.083333 1,000.000000
RESIDUAL 0.000000 0.414496 0.000000
> 0.414496 0.000000
ACCOUNT NUMBER: 11-7-26140-0
ADMINISTRATOR: MICHAEL EVANS
SECURITY PACIFIC NATIONAL BANK
555 ANTON BOULEVARD BC-071
COSTA MESA, CA 92626
FOR CERTIFICATE FACTOR INFORMATION, PLEASE CALL 1-800-423-5041
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 10/25/90 STATEMENT TO CERTIFICATEHOLD PAGE 2 OF 3
OTHER RELATED INFORMATION
SERVICING COMPENSATION RECEIVED BY THE MASTER SERVICER:
PRUDENTIAL HOME MORTGAGE CORP. SERVICING FEES
> 33,469.66
PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES 26,297.59
LESS: SERVICING FEES APPLIED FOR PREPAYMENT INTEREST SH -819.81
TOTAL PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES
> 25,477.78
ADDITIONAL SERVICING COMPENSATION
> 0.00
TOTAL SERVICING COMPENSATION
> 58,947.44
DELINQUENCIES:
(A) ONE MONTHLY PAYMENT:
NUMBER OF LOANS
> 2
AS A PERCENTAGE OF TOTAL POOL
> 0.10%
AGGREGATE PRINCIPAL BALANCE
> 214,882.76
AS A PERCENTAGE OF TOTAL POOL
> 0.15%
(B) TWO MONTHLY PAYMENTS:
NUMBER OF LOANS
> 0
AS A PERCENTAGE OF TOTAL POOL
> 0.00%
AGGREGATE PRINCIPAL BALANCE
> 0.00
AS A PERCENTAGE OF TOTAL POOL
> 0.00%
(C) THREE OR MORE MONTHLY PAYMENTS:
NUMBER OF LOANS
> 2
AS A PERCENTAGE OF TOTAL POOL
> 0.10%
AGGREGATE PRINCIPAL BALANCE
> 175,311.94
AS A PERCENTAGE OF TOTAL POOL
> 0.12%
FORECLOSURES:
NUMBER OF LOANS
> 0
AGGREGATE PRINCIPAL BALANCE
> 0.00
NUMBER OF MORTGAGE PROPERTIES CONVERTED TO REO PROPERTY
> 0
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 10/25/90 STATEMENT TO CERTIFICATEHOLDER PAGE 3 OF 3
OTHER RELATED INFORMATION
ADVANCES REQUIRED FROM THE MASTER SERVICER:
PRINCIPAL 131,798.21
INTEREST 114,186.62
TOTAL ADVANCES REQUIRED FROM THE MASTER SERVICER
> 245,984.83
SERVICER ADVANCES RECOVERED
> 0.00
PRINCIPAL PREPAYMENTS DURING THE PRECEDING MONTH 1
>,043,065.46
TOTAL REALIZED LOSSES
> 0.00
TOTAL PURCHASE LOSSES
> 0.00
ALLOCATED PREPAYMENT INTEREST SHORTFALLS:
CLASS A
> 0.00
CLASS B
> 0.00
ASSET VALUE AS OF 2ND PRECEDING DETERMINATION DATE 138,905,081.28
ASSET VALUE AS OF 1ST PRECEDING DETERMINATION DATE 137,707,466.07
TOTAL ASSET VALUE REDUCTION 1
>,197,615.21
TOTAL NUMBER OF LOANS IN POOL AS OF DETERMINATION DATE
> 2094
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 11/26/90 STATEMENT TO CERTIFICATEHOLDERS PAGE 1 OF 3
DISTRIBUTION SUMMARY
PRINCIPAL
>
> REMAINING
ORIGINAL BALANCE BEFORE I
>NTEREST PRINCIPAL TOTAL DEFERRED REALIZED
> PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION DISTRIBUTION INTEREST LOSSES
> BALANCE
A1 319339AP2 48,005,000.00 42,566,032.63
> 266,037.70 341,115.88 607,153.58 0.00 0.00
>42,224,916.75
A2 319339AK3 23,253,000.00 12,373,433.44
> 92,800.75 682,334.10 775,134.85 0.00 0.00
>11,691,099.34
A3 319339AL1 18,910,000.00 18,910,000.00
> 141,825.00 0.00 141,825.00 0.00 0.00
>18,910,000.00
A4 319339AM9 14,393,000.00 14,393,000.00
> 107,947.50 0.00 107,947.50 0.00 0.00
>14,393,000.00
A5 319339AN7 10,006,000.00 10,006,000.00
> 75,045.00 0.00 75,045.00 0.00 0.00
>10,006,000.00
A6 319339AQ0 29,448,000.00 29,448,000.00
> 220,860.00 0.00 220,860.00 0.00 0.00
>29,448,000.00
B NONE 10,011,000.00 10,011,000.00
> 70,911.25 0.00 70,911.25 0.00 0.00
>10,011,000.00
RESIDUAL NONE 0.00 0.00
> 73,403.49 0.00 73,403.49 0.00 0.00
> 0.00
154,026,000.00 137,707,466.07 1
>,048,830.69 1,023,449.98 2,072,280.67 0.00 0.00
>136,684,016.09
RECORD DATE: 10/31/1990
DISTRIBUTION DATE: 11/26/1990
PRIOR DISTRIBUTION DATE: 10/25/1990
AMOUNTS PER $1,000 UNIT
> CERTIFICATE RATE: CURRENT
> NEXT
PRINCIPAL
> PRINCIPAL
BALANCE BEFORE INTEREST PRINCIPAL
> TOTAL BALANCE AFTER Class A1 7.500000%
> 7.500000%
CLASS DISTRIBUTION DISTRIBUTION DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION Class A2 9.00000%
> 9.000000%
> Class A3 9.00000%
> 9.000000%
A1 886.699982 5.541875 7.105841
> 12.647716 879.594141 Class A4 9.00000%
> 9.000000%
A2 532.122025 3.990915 29.343917
> 33.334832 502.778108 Class A5 9.00000%
> 9.000000%
A3 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class A6 9.00000%
> 9.000000%
A4 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class B 8.500000%
> 8.500000%
A5 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
A6 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
B 1,000.000000 7.083333 0.000000
> 7.083333 1,000.000000
RESIDUAL 0.000000 0.476566 0.000000
> 0.476566 0.000000
ACCOUNT NUMBER: 11-7-26140-0
ADMINISTRATOR: MICHAEL EVANS
SECURITY PACIFIC NATIONAL BANK
555 ANTON BOULEVARD BC-071
COSTA MESA, CA 92626
FOR CERTIFICATE FACTOR INFORMATION, PLEASE CALL 1-800-423-5041
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL HOME MORTGAGE CORPORATION)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 11/26/90 STATEMENT TO CERTIFICATEHOLD PAGE 2 OF 3
OTHER RELATED INFORMATION
SERVICING COMPENSATION RECEIVED BY THE MASTER SERVICER:
PRUDENTIAL HOME MORTGAGE CORP. SERVICING FEES
> 33,178.71
PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES 26,068.99
LESS: SERVICING FEES APPLIED FOR PREPAYMENT INTEREST SH -3,606.19
TOTAL PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES
> 22,462.80
ADDITIONAL SERVICING COMPENSATION
> 0.00
TOTAL SERVICING COMPENSATION
> 55,641.51
DELINQUENCIES:
(A) ONE MONTHLY PAYMENT:
NUMBER OF LOANS
> 3
AS A PERCENTAGE OF TOTAL POOL
> 0.14%
AGGREGATE PRINCIPAL BALANCE
> 295,944.65
AS A PERCENTAGE OF TOTAL POOL
> 0.21%
(B) TWO MONTHLY PAYMENTS:
NUMBER OF LOANS
> 0
AS A PERCENTAGE OF TOTAL POOL
> 0.00%
AGGREGATE PRINCIPAL BALANCE
> 0.00
AS A PERCENTAGE OF TOTAL POOL
> 0.00%
(C) THREE OR MORE MONTHLY PAYMENTS:
NUMBER OF LOANS
> 0
AS A PERCENTAGE OF TOTAL POOL
> 0.00%
AGGREGATE PRINCIPAL BALANCE
> 0.00
AS A PERCENTAGE OF TOTAL POOL
> 0.00%
FORECLOSURES:
NUMBER OF LOANS
> 3
AGGREGATE PRINCIPAL BALANCE
> 182,350.50
NUMBER OF MORTGAGE PROPERTIES CONVERTED TO REO PROPERTY
> 0
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL HOME MORTGAGE CORPORATION)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 11/26/90 STATEMENT TO CERTIFICATEHOLDER PAGE 3 OF 3
OTHER RELATED INFORMATION
ADVANCES REQUIRED FROM THE MASTER SERVICER:
PRINCIPAL 18,302.39
INTEREST 116,244.12
TOTAL ADVANCES REQUIRED FROM THE MASTER SERVICER
> 134,546.51
SERVICER ADVANCES RECOVERED
> 0.00
PRINCIPAL PREPAYMENTS DURING THE PRECEDING MONTH
> 879,982.09
TOTAL REALIZED LOSSES
> 0.00
TOTAL PURCHASE LOSSES
> 0.00
ALLOCATED PREPAYMENT INTEREST SHORTFALLS:
CLASS A
> 0.00
CLASS B
> 0.00
ASSET VALUE AS OF 2ND PRECEDING DETERMINATION DATE 137,707,466.07
ASSET VALUE AS OF 1ST PRECEDING DETERMINATION DATE 136,684,016.09
TOTAL ASSET VALUE REDUCTION 1
>,023,449.98
TOTAL NUMBER OF LOANS IN POOL AS OF DETERMINATION DATE
> 2079
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL HOME MORTGAGE CORPORATION)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 12/26/90
> STATEMENT TO CERTIFICATEHOLDERS
> PAGE 1 OF 3
> DISTRIBUTION SUMMARY
PRINCIPAL
>
> REMAINING
ORIGINAL BALANCE BEFORE I
>NTEREST PRINCIPAL TOTAL DEFERRED REALIZED
> PRINCIPAL
CLASS CUSIP FACE VALUE DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION DISTRIBUTION INTEREST LOSSES
> BALANCE
A1 319339AP2 48,005,000.00 42,224,916.75
> 263,905.73 321,740.02 585,645.75 0.00 0.00
41,903,176.73
A2 319339AK3 23,253,000.00 11,691,099.34
> 87,683.25 643,576.57 731,259.82 0.00 0.00
11,047,522.77
A3 319339AL1 18,910,000.00 18,910,000.00
> 141,825.00 0.00 141,825.00 0.00 0.00
18,910,000.00
A4 319339AM9 14,393,000.00 14,393,000.00
> 107,947.50 0.00 107,947.50 0.00 0.00
14,393,000.00
A5 319339AN7 10,006,000.00 10,006,000.00
> 75,045.00 0.00 75,045.00 0.00 0.00
10,006,000.00
A6 319339AQ0 29,448,000.00 29,448,000.00
> 220,860.00 0.00 220,860.00 0.00 0.00
29,448,000.00
B NONE 10,011,000.00 10,011,000.00
> 70,911.25 0.00 70,911.25 0.00 0.00
10,011,000.00
RESIDUAL NONE 0.00 0.00
> 74,431.33 0.00 74,431.33 0.00 0.00
> 0.00
154,026,000.00 136,684,016.09 1
>,042,609.06 965,316.59 2,007,925.65 0.00 0.00
135,718,699.50
RECORD DATE: 11/30/1990
DISTRIBUTION DATE: 12/26/1990
PRIOR DISTRIBUTION DATE: 11/26/1990
AMOUNTS PER $1,000 UNIT
> CERTIFICATE RATE: CURRENT
> NEXT
PRINCIPAL
> PRINCIPAL
BALANCE BEFORE INTEREST PRINCIPAL
> TOTAL BALANCE AFTER Class A1 7.500000%
> 7.500000%
CLASS DISTRIBUTION DISTRIBUTION DISTRIBUTION DIS
>TRIBUTION DISTRIBUTION Class A2 9.00000%
> 9.000000%
> Class A3 9.00000%
> 9.000000%
A1 879.594141 5.497463 6.702219
> 12.199682 872.891922 Class A4 9.00000%
> 9.000000%
A2 502.778108 3.770836 27.677141
> 31.447977 475.100966 Class A5 9.00000%
> 9.000000%
A3 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class A6 9.00000%
> 9.000000%
A4 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000 Class B 8.50000%
> 8.500000%
A5 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
A6 1,000.000000 7.500000 0.000000
> 7.500000 1,000.000000
B 1,000.000000 7.083333 0.000000
> 7.083333 1,000.000000
RESIDUAL 0.000000 0.483239 0.000000
> 0.483239 0.000000 ACCOUNT NUMBER: 11-7-261
>40-0
ADMINISTRATOR: MICHAEL EVANS
SECURITY PACIFIC NATIONAL BANK
555 ANTON BOULEVARD BC-071
COSTA MESA, CA 92626
>
FOR CERTIFICATE FACTOR INFORMATION, PLEASE CALL 1-800-872-8442
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 12/26/1990 STATEMENT TO CERTIFICATEHOLDERS PAGE 2 OF 3
OTHER RELATED INFORMATION
SERVICING COMPENSATION RECEIVED BY THE MASTER SERVICER:
PRUDENTIAL HOME INSURANCE CO. SERVICING FEES 32,926.05
PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES 25,870.46
LESS: SERVICING FEES APPLIED FOR PREPAYMENT INTEREST SHORTFALL -2,863.16
TOTAL PRUDENTIAL INSURANCE CO. OF AMERICA SERVICING FEES 23,007.30
ADDITIONAL SERVICING COMPENSATION 0.00
TOTAL SERVICING COMPENSATION 55,933.35
DELINQUENCIES:
(A) ONE MONTHLY PAYMENT:
NUMBER OF LOANS 4
AS A PERCENTAGE OF TOTAL POOL 0.19%
AGGREGATE PRINCIPAL BALANCE 404,982.56
AS A PERCENTAGE OF TOTAL POOL 0.29%
(B) TWO MONTHLY PAYMENTS:
NUMBER OF LOANS 0
AS A PERCENTAGE OF TOTAL POOL 0.00%
AGGREGATE PRINCIPAL BALANCE 0.00
AS A PERCENTAGE OF TOTAL POOL 0.00%
(C) THREE OR MORE MONTHLY PAYMENTS:
NUMBER OF LOANS 0
AS A PERCENTAGE OF TOTAL POOL 0.00%
AGGREGATE PRINCIPAL BALANCE 0.00
AS A PERCENTAGE OF TOTAL POOL 0.00%
FORECLOSURES:
NUMBER OF LOANS 3
AGGREGATE PRINCIPAL BALANCE 232,984.98
NUMBER OF MORTGAGE PROPERTIES CONVERTED TO REO PROPERTY 0
FIRST BOSTON MORTGAGE SECURITIES CORP.
(THE PRUDENTIAL INSURANCE COMPANY OF AMERICA)
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1989-5
DATE: 12/26/1990 STATEMENT TO CERTIFICATEHOLDERS PAGE 3 OF 3
OTHER RELATED INFORMATION
ADVANCES REQUIRED FROM THE MASTER SERVICER:
PRINCIPAL 26,646.57
INTEREST 174,935.88
TOTAL ADVANCES REQUIRED FROM THE MASTER SERVICER 201,582.45
SERVICER ADVANCES RECOVERED 0.00
PRINCIPAL PREPAYMENTS DURING THE PRECEDING MONTH 822,309.29
TOTAL REALIZED LOSSES 0.00
TOTAL PURCHASE LOSSES 0.00
ALLOCATED PREPAYMENT INTEREST SHORTFALLS:
CLASS A 0.00
CLASS B 0.00
ASSET VALUE AS OF 2ND PRECEDING DETERMINATION DATE 136,684,016.09
ASSET VALUE AS OF 1ST PRECEDING DETERMINATION DATE 135,718.699.50
TOTAL ASSET VALUE REDUCTION 965,316.59
TOTAL NUMBER OF LOANS IN POOL AS OF DETERMINATION DATE 2063
