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Previous: BANC ONE FINANCIAL SERVICES HOME EQUITY LOAN TRUST 1999-1, 8-K, 2000-12-11 |
Next: ONLINETRADINGINC COM CORP, PRER14A, 2000-12-11 |
Banc One Financial Services Home Equity Loan Trust 1999-1
Monthly Servicing Report
For the Collection & Interest Period Ending 10/31/2000
For Distribution on 11/27/2000
<TABLE>
<S> <C>
A. CURRENT PERIOD COLLECTIONS & OTHER AMOUNTS
(A) Principal and Interest Collections
(i) Interest Collections $1,580,456.38
(ii) Principal Collections $385,160.83
(iii) Principal Curtailments $115,566.82
(iv) Principal Prepayments in Full $3,129,577.82
(v) Count Principal Prepayments in Full 98
(B) Net Liquidation Proceeds net of related Foreclosure Profits $184,935.42
(C) Insurance Proceeds to extent not included in Net Liquidation Proceeds $0.00
(D) Proceeds from Loan Repurchases or Substitution Adjustments $0.00
(E) Released Mortgaged Property Proceeds $0.00
(F) Other Amounts
(i) Net REO Revenue $0.00
(ii) Compensating Interest $0.00
(iii) Net Loss on Eligible Investments $0.00
(G) Monthly Advance $327,661.92
(H) Termination Price $0.00
(I) Total Collections (A+B+C+D+E+F+G+H) $5,723,359.19
(J) Civil Relief Act Shortfall $0.00
(K) Prepayment Interest Shortfall $0.00
B. CURRENT PERIOD DELINQUENCIES & LIQUIDATION LOAN LOSSES
(A) Delinquent Loans, REO, Foreclosures and Bankruptcies Count Amount Percentage
(i) 30-59 Days Delinquent (Incl. REO, FC and Bankruptcies) 157 $5,739,978.76 3.686%
(ii) 60-89 Days Delinquent (Incl. REO, FC and Bankruptcies) 66 $2,318,929.62 1.489%
(iii) 90 Days or More Delinquent (Incl. REO, FC and Bankruptcies) 208 $9,253,080.67 5.941%
(iv) Loans in REO status at end of Collection Period 24 $1,733,287.19 1.113%
(v) Loans in Foreclosure 75 $4,552,869.54 2.923%
(vi) Loans in Bankruptcy or Insolvency Proceedings 153 $5,909,159.46 3.794%
(vii) Total 60+ including REO, Foreclosure & Bankruptcy 274 $11,572,010.29 7.430%
(viii) Total 90+ including REO, Foreclosure & Bankruptcy 208 $9,253,080.67 5.941%
(B) Liquidation Losses / Monthly Loss Rate (Annualized) $313,674.87 2.355%
C. CURRENT PERIOD INSURED PAYMENTS
(A) Required Payments $738,011.58
(B) Net Available Distribution Amount $5,634,540.98
(C) Insured or Deficiency Amount (max(0,(A-B)) $0.00
(D) Preference Amount $0.00
(E) Insured Payments (C+D) $0.00
D. CURRENT PERIOD FORMULA PRINCIPAL DISTRIBUTION AMOUNT
(A) Principal Distributable Amount
(i) Total Principal Collections $3,630,305.47
(ii) plus Principal Balance of Liquidated Home Equity Loans $498,610.29
(iii) plus Insurance Proceeds received $0.00
(iv) plus Portion of Purchase Price allocable to Principal of Defective Home Equity Loans $0.00
(v) plus Principal Portion of Substitution Adjustments not previously distributed $0.00
(vi) equals Total Principal Distributable Amount $4,128,915.76
(B) Unpaid Principal Shortfall $0.00
(C) Formula Principal Distribution Amount (A+B) $4,128,915.76
(D) Formula Principal Distribution Amount required to maintain OC $4,128,915.76
(E) Class A-4 Priority Amount $0.00
E. CURRENT PERIOD AVAILABLE FUNDS
(A) Total Collections $5,723,359.19
(B) Master Service Fee $66,611.34
(C) Available Funds $5,656,747.85
(D) Insured Payments $0.00
(E) Total Available Funds and Insured Payments $5,656,747.85
F. WATERFALL AMOUNTS
(A) Trustee Fee and Premium Amount:
(i) Trustee Fee $1,798.51
(ii) Premium Amount $20,408.36
(B) Accrued and Unpaid Master Servicing Fee: $0.00
(C) Current Monthly Interest Amounts:
(i) Class A-1 Certificate
(a) Current Monthly Interest Amount Due $250,624.69
(b) Current Monthly Interest Amount Paid $250,624.69
(c) Interest Shortfall $0.00
(ii) Class A-2 Certificate
(a) Current Monthly Interest Amount Due $160,125.00
(b) Current Monthly Interest Amount Paid $160,125.00
(c) Interest Shortfall $0.00
(iii) Class A-3 Certificate
(a) Current Monthly Interest Amount Due $175,659.00
(b) Current Monthly Interest Amount Paid $175,659.00
(c) Interest Shortfall $0.00
(iv) Class A-4 Certificate
(a) Current Monthly Interest Amount Due $151,602.88
(b) Current Monthly Interest Amount Paid $151,602.88
(c) Interest Shortfall $0.00
(v) Total Current Monthly Interest Amount Due $738,011.58
(vi) Total Current Montly Interest Amount Paid $738,011.58
(vii) Total Interest Shortfall $0.00
(D) Unpaid Interest Shortfall and Interest on Unpaid Interest Shortfall:
(i) Class A-1 Certificate
(a) Unpaid Interest Shortfall Due $0.00
(b) Unpaid Interest Shortfall Paid $0.00
(c) Remaining Unpaid Interest Shortalls $0.00
(ii) Class A-2 Certificate
(a) Unpaid Interest Shortfall Due $0.00
(b) Unpaid Interest Shortfall Paid $0.00
(c) Remaining Unpaid Interest Shortalls $0.00
(iii) Class A-3 Certificate
(a) Unpaid Interest Shortfall Due $0.00
(b) Unpaid Interest Shortfall Paid $0.00
(c) Remaining Unpaid Interest Shortalls $0.00
(iv) Class A-4 Certificate
(a) Unpaid Interest Shortfall Due $0.00
(b) Unpaid Interest Shortfall Paid $0.00
(c) Remaining Unpaid Interest Shortalls $0.00
(v) Total Unpaid Interest Shortfall Due $0.00
(vi) Total Unpaid Interest Shortfall Paid $0.00
(vii) Total Remaining Unpaid Interest Shortfall $0.00
(E) Monthly Principal Distribution:
(i) Class A-4 Certificate Priority Amount $0.00
(ii) Class A-1 Certificate $4,128,915.76
(iii) Class A-2 Certificate $0.00
(iv) Class A-3 Certificate $0.00
(v) Other Class A-4 Certificate Amounts $0.00
(vi) Total Monthly Principal Distribution $4,128,915.76
(F) Reimbursement Amount owed to Certificate Insurer: $0.00
(G) Non Recoverable Advances not previously reimbursed to Master Servicer: $0.00
(H) Excess Spread: $767,613.65
(I) Distributable Excess Spread Allocation:
(i) Class A-1 Certificate $0.00
(ii) Class A-2 Certificate $0.00
(iii) Class A-3 Certificate $0.00
(iv) Class A-4 Certificate $0.00
(v) Total Certificate Distributable Excess Spread $0.00
(J) Other Amounts owed to Certificate Insurer: $0.00
(K) Prepayment Interest Shortfall owed to Certificateholders
(i) Class A-1 Certificate
(a) Prepayment Interest Shortfall Due $0.00
(b) Prepayment Interest Shortfall Paid $0.00
(c) Remaining Prepayment Interest Shortfall $0.00
(ii) Class A-2 Certificate
(a) Prepayment Interest Shortfall Due $0.00
(b) Prepayment Interest Shortfall Paid $0.00
(c) Remaining Prepayment Interest Shortfall $0.00
(iii) Class A-3 Certificate
(a) Prepayment Interest Shortfall Due $0.00
(b) Prepayment Interest Shortfall Paid $0.00
(c) Remaining Prepayment Interest Shortfall $0.00
(iv) Class A-4 Certificate
(a) Prepayment Interest Shortfall Due $0.00
(b) Prepayment Interest Shortfall Paid $0.00
(c) Remaining Prepayment Interest Shortfall $0.00
(v) Total Prepayment Interest Shortfall Due $0.00
(vi) Total Prepayment Interest Shortfall Paid $0.00
(vii) Total Remaining Prepayment Interest Shortfall $0.00
(L) Other Amounts owed to Master Servicer
(i) Reimbursement of Compensating Interest $0.00
(ii) Reimbursement of Unreimbursed Servicing Advances $0.00
(iii) Reimbursement of Unreimbursed Monthly Advances $327,661.92
(M) Other termination/transfer amounts due to Trustee $0.00
(N) Amount released to Class R Certificateholder $439,951.73
G. CALCULATION OF OC TARGET AMOUNT
(A) Twelve Month Average Monthly Loss Rate 1.193%
(B) Is Rolling Twelve Month Loss Rate greater than 2.75%? No
(C) Cumulative Losses / Cumulative Loss Rate $2,039,679.32 0.725%
(D) Is Cumulative Loss Rate greater than 5.00%? No
(E) Has OC Stepdown Date been reached? No
(F) Overcollateralization Target Amount $19,682,566.50
H. COMPARATIVE POOL AND CERTIFICATE CHARACTERISTICS
Begin of Collection Period End of Collection Period
(A) Certificate Balances and Factors
(i) Class A-1 Certificate Balance $49,628,652.12 $45,499,736.36
(ii) Class A-1 Certificate Factor 0.2682630 0.2459445
(iii) Class A-2 Certificate Balance $30,500,000.00 $30,500,000.00
(iv) Class A-2 Certificate Factor 1.0000000 1.0000000
(v) Class A-3 Certificate Balance $31,938,000.00 $31,938,000.00
(vi) Class A-3 Certificate Factor 1.0000000 1.0000000
(vii) Class A-4 Certificate Balance $28,118,000.00 $28,118,000.00
(vii) Class A-4 Certificate Factor 1.0000000 1.0000000
(ix) Aggregate Certificate Balance $140,184,652.12 $136,055,736.36
(x) Aggregate Certificate Factor 0.5087338 0.4937499
(B) Collateral Pool
(i) Pool Principal Balance $159,867,218.62 $155,738,302.86
(ii) Weighted Average Loan Rate 11.947% 11.935%
(iii) Weighted Average Original Term (months) 203.45 203.45
(iv) Weighted Average Remaining Term (months) 172.20 171.66
(v) Loan Count 4,044 3,934
(vi) 3 Largest Loan Pool Balances $952,218.32 $951,207.51
(C) Overcollateralization Amount $19,682,566.50 $19,682,566.50
I. MASTER SERVICER TERMINATION & OTHER TRIGGER TESTS
(A) Twelve Month Average Monthly Loss Rate 1.193%
(B) Is Rolling Twelve Month Loss Rate greater than 4.00%? No
(C) Six Month Average of Pool Delinquency Rate 6.314%
(D) Is Rolling Six Month Delinquency Rate greater than 5.00%? Yes
(E) Has Deposit Event Occurred? No
J. SUMMARY STATEMENT OF AMOUNTS DUE TO CERTIFICATEHOLDERS
Dollars Per $1000 of
Original
Certificate
Principal
(A) Amount of distribution allocable to Current Monthly Interest & Unpaid Interest Shortfall
(i) Class A-1 Certificate $250,624.69 1.35472807
(ii) Class A-2 Certificate $160,125.00 5.25000000
(iii) Class A-3 Certificate $175,659.00 5.50000000
(iv) Class A-4 Certificate $151,602.88 5.39166667
(v) Total $738,011.58 2.67826350
(B) Amount of distribution allocable to Formula Principal Distributable Amount
(i) Class A-1 Certificate $4,128,915.76 22.31846357
(ii) Class A-2 Certificate $0.00 0.00000000
(iii) Class A-3 Certificate $0.00 0.00000000
(iv) Class A-4 Certificate $0.00 0.00000000
(v) Total $4,128,915.76 14.98394432
(C) Amount of distribution allocable to Distributable Excess Spread
(i) Class A-1 Certificate $0.00 0.00000000
(ii) Class A-2 Certificate $0.00 0.00000000
(iii) Class A-3 Certificate $0.00 0.00000000
(iv) Class A-4 Certificate $0.00 0.00000000
(v) Total $0.00 0.00000000
(D) Amount of distribution allocable to Prepayment Interest Shortfall
(i) Class A-1 Certificate $0.00 0.00000000
(ii) Class A-2 Certificate $0.00 0.00000000
(iii) Class A-3 Certificate $0.00 0.00000000
(iv) Class A-4 Certificate $0.00 0.00000000
(v) Total $0.00 0.00000000
(E) Total Principal and Interest Distributed to Certificateholders
(i) Class A-1 Certificate $4,379,540.45 23.67319164
(ii) Class A-2 Certificate $160,125.00 5.25000000
(iii) Class A-3 Certificate $175,659.00 5.50000000
(iv) Class A-4 Certificate $151,602.88 5.39166667
(v) Total $4,866,927.34 17.66220781
</TABLE>
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