Payment Date: 05/25/00
------------------------------------------------------------
(null)
First Horizon Mortgage Pass-Through Trust, Series 2000-1
------------------------------------------------------------
<TABLE>
<CAPTION>
Class Information Current Payment Information
----------------------------------------------------------------------------------------------------------------------------------
Beginning Pass Thru Principal Interest Total Principal Interest
Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Senior A1 102,000,000.00 7.000000% 443,405.84 595,000.00 1,038,405.84 0.00 0.00
A2 24,000,000.00 7.000000% 0.00 140,000.00 140,000.00 0.00 0.00
A3 28,868,000.00 7.000000% 0.00 168,396.67 168,396.67 0.00 0.00
A4 20,400,000.00 7.000000% 0.00 119,000.00 119,000.00 0.00 0.00
PO 2,987,127.00 0.000000% 3,124.38 0.00 3,124.38 0.00 0.00
Residual AR 100.00 7.000000% 100.00 0.58 100.58 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 4,468,000.00 7.000000% 3,843.53 26,063.33 29,906.86 0.00 0.00
B2 1,396,000.00 7.000000% 1,200.89 8,143.33 9,344.22 0.00 0.00
B3 745,000.00 7.000000% 640.88 4,345.83 4,986.71 0.00 0.00
B4 559,000.00 7.000000% 480.87 3,260.83 3,741.70 0.00 0.00
B5 372,000.00 7.000000% 320.01 2,170.00 2,490.01 0.00 0.00
B6 372,705.00 7.000000% 320.61 2,174.11 2,494.73 0.00 0.00
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
Totals - - 186,167,932.00 - 453,437.01 1,068,554.70 1,521,991.70 - -
----------------------------------------------------------------------------------------------------------------------------------
Class Information
--------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
--------------------------------------------------------------------------------
Senior A1 101,556,594.16 0.00
A2 24,000,000.00 0.00
A3 28,868,000.00 0.00
A4 20,400,000.00 0.00
PO 2,984,002.62 0.00
Residual AR 0.00 0.00
--------------------------------------------------------------------------------
Subordinate B1 4,464,156.47 0.00
B2 1,394,799.11 0.00
B3 744,359.12 0.00
B4 558,519.13 0.00
B5 371,679.99 0.00
B6 372,384.39 0.00
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Totals - - 185,714,494.99 -
--------------------------------------------------------------------------------
</TABLE>
<PAGE>
Payment Date: 05/25/00
------------------------------------------------------------
(null)
First Horizon Mortgage Pass-Through Trust, Series 2000-1
------------------------------------------------------------
<TABLE>
<CAPTION>
Class Information Current Payment Information
Factors per $1,000
------------------------------------------------------------------------------------------------------------------------
Beginning Pass Thru CUSIP Principal Interest Ending Cert./
Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal.
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
Senior A1 102,000,000.00 7.000000% 32051DAA0 4.347116 5.833333 995.652884
A2 24,000,000.00 7.000000% 32051DAB8 0.000000 5.833333 1,000.000000
A3 28,868,000.00 7.000000% 32051DAC6 0.000000 5.833333 1,000.000000
A4 20,400,000.00 7.000000% 32051DAD4 0.000000 5.833333 1,000.000000
PO 2,987,127.00 0.000000% 32051DAJ1 1.045948 0.000000 998.954052
Residual AR 100.00 7.000000% 32051DAE2 1,000.000000 5.833333 0.000000
------------------------------------------------------------------------------------------------------------------------
Subordinate B1 4,468,000.00 7.000000% 32051DAF9 0.860235 5.833333 999.139765
B2 1,396,000.00 7.000000% 32051DAG7 0.860235 5.833333 999.139765
B3 745,000.00 7.000000% 32051DAH5 0.860235 5.833333 999.139765
B4 559,000.00 7.000000% 32051DAK8 0.860235 5.833333 999.139765
B5 372,000.00 7.000000% 32051DAL6 0.860235 5.833333 999.139765
B6 372,705.00 7.000000% 32051DAM4 0.860235 5.833333 999.139765
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Totals - - 186,167,932.00 - - - - -
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
------------------------------------------------------------
(null)
First Horizon Mortgage Pass-Through Trust, Series 2000-1
------------------------------------------------------------
--------------------------------------------------------------------------------
COLLATERAL INFORMATION
--------------------------------------------------------------------------------
Total
-----
Aggregated stated principal balance 185,714,494.98 185,714,494.98
Aggregated loan count 543 543
Aggregated average loan rate 7.234846% 7.23
Aggregated prepayment amount 293,101.31 293,101.31
--------------------------------------------------------------------------------
FEES AND ADVANCES
--------------------------------------------------------------------------------
Total
-----
Monthly master servicing fees 37,854.15 37,854.15
Monthly sub servicer fees 5,872.06 5,872.06
Monthly trustee fees 930.84 930.84
Aggregate advances N/A N/A
Advances this periods 0.00 0.00
--------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
--------------------------------------------------------------------------------
Total
-----
Net realized losses (this period) 0.00 0.00
Cumulative losses (from Cut-Off) 0.00 0.00
Coverage Amounts Total
---------------- -----
Bankruptcy 0.00 0.00
Fraud 3,723,358.64 3,723,358.64
Special Hazard 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 95.753196% 100.000000% 178,255,227.00
-----------------------------------------------------------------------------
Junior 4.246804% 0.000000% 7,905,898.21
-----------------------------------------------------------------------------
--------------------------------------------------------------------------------
DELINQUENCY INFORMATION
--------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
------ ---------- ---------------------
30 to 59 days 88 30,036,238.69
60 to 89 days 0 0.00
90 or more 1 391,712.32
Foreclosure 0 0.00
Totals: 89 30,427,951.01
--------------------------------------------------------------------------------
<PAGE>
--------------------------------------------------------------------------------
REO INFORMATION
--------------------------------------------------------------------------------
REO Date Loan Number Ending Stated Balance Book Value
-------- ----------- --------------------- ----------
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
Totals: 0 N/A
Current Total Outstanding Balance: 0.00
Current Total Outstanding Number of Loans: 0
<PAGE>
--------------------------------------------------------------------------------
OTHER INFORMATION
--------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 1,521,991.70 1,521,991.70
Principal remittance amount 453,437.01 453,437.01
Interest remittance amount 1,068,554.70 1,068,554.70
