|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: NWI MANAGEMENT LP, 13F-HR, 2000-02-14 |
Next: ENTRUST PARTNERS OFFSHORE LLC, 13F-HR, 2000-02-14 |
<PAGE>
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
January 15, 2000
Date of Report (Date of Earliest Event Reported)
GreenPoint Mortgage Securities Inc. (as Sponsor under the Sale and Servicing
Agreement, dated as of December 1, 1999, providing for the issuance of the
GreenPoint Home Equity Loan Trust 1999-2 Revolving Home Equity Loan Asset-
Backed Notes, Series 1999-2)
GREENPOINT MORTGAGE SECURITIES INC.
-----------------------------------
(Exact Name of Registrant as Specified in Its Charter)
Delaware 333-79833 68-0397342
-------- --------- ----------
(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
700 Larkspur Landing Circle, Suite 240, Larkspur, CA 94939
----------------------------------------------------------
(Address of Principal Executive Offices)
(415) 461-6790
--------------
(Registrant's Telephone Number,
Including Area Code)
Not Applicable
--------------
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events
------------
GreenPoint Mortgage Securities Inc. (the "Company") is Sponsor under
the Sale and Servicing Agreement, dated as of December 1, 1999, providing for
the issuance of the GreenPoint Home Equity Loan Trust 1999-2 Revolving Home
Equity Loan Asset-Backed Notes, Series 1999-2 (the "Series 1999-2 Notes").
The following exhibit which relates specifically to the Series 1999-
2 Notes is included with this Current Report:
Item 7(c). Exhibits
--------
10.1 Monthly Payment Date Statement distributed to
holders of Series 1999-2 Notes dated January 15, 2000.
<PAGE>
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 thereunto duly authorized.
Date: February 14, 2000
GREENPOINT MORTGAGE
SECURITIES INC.
By: /s/ Gilbert J. MacQuarrie
-----------------------------------------
Gilbert J. MacQuarrie
Vice President, Treasurer and Secretary
(Principal Financial Officer and
and Principal Accounting Officer)
<PAGE>
EXHIBIT INDEX
Exhibit Number Page Number
- -------------- -----------
10.1 Monthly Payment Date Statement distributed to holders
of Series 1999-2 Notes dated January 15, 2000............ 5
<PAGE>
Exhibit 10.1
GreenPoint Mortgage SERVICING CERTIFICATE
<TABLE>
<CAPTION>
====================================================================================================================================
<S> <C> <C> <C> <C>
Revolving Home Equity Loan LIBOR: 6.46250% Current Collection Period: 12/01/99-12/31/99
Asset-Backed Notes Margin A-1: 0.30000% P&S Agreement Date: 12/1/99
Series 1999-2 Class A-1 Note Rate: 6.76250% Original Closing Date: 12/22/99
Class A-2 Note Rate: 6.84250% Distribution Date: 1/18/00
Margin A-2: 0.38000% Record Date: 1/17/00
Interest Period 12/22/99 thru 01/17/00: 27 Pool Factor: 99.8473013%
Servicing Fee Rate: 0.50000% Initial Class A-1 O/C Amt: 22.71
Class A-1 Premium Fee Rate: 0.18000% Initial Class A-2 O/C Amt: 565.15
Class A-2 Premium Fee Rate: 0.18000%
Class A-1 O/C Amt as of Pmt Date: 22.71
Trustee Fee: 0.00900% Class A-2 O/C Amt as of Pmt Date: 565.15
Class A-1 Act Weighted Avg Ln Rate: 7.03532%
Class A-2 Act Weighted Avg Ln Rate: 6.39620%
Total Management Fee 500.00
==========================================================================================================================
</TABLE>
<TABLE>
<S> <C>
BALANCES
Beginning Class A-1 Pool Balance 154,536,428.19
Beginning Class A-2 Pool Balance 41,109,718.39
Beginning Class A-1 Note Balance -- CUSIP 193,275,000.00
Beginning Class A-2 Note Balance -- CUSIP 52,370,000.00
Class A-1 Overcollateralization Amount to Fill 5,408,752.28
Class A-2 Overcollateralization Amount to Fill 1,438,274.99
Ending Class A-1 Pool Balance 196,586,731.48
Ending Class A-2 Pool Balance 51,995,468.54
Ending Class A-1 Note Balance -- CUSIP 193,275,000.00
Ending Class A-2 Note Balance -- CUSIP 51,994,903.39
Additional Balances Class A-1 9,040,403.18
Additional Balances Class A-2 1,625,732.92
Number of all Retransferred Mortgage Loans (Current Retransfer Date) 0
Retransferred Mortgage Loan Trust Balances (Current Retransfer Date) 0.00
Cumulative Number of all Retransferred Mortgage Loans (From Previous Distributions) 0
Cumulative Retransferred Mortgage Loan Trust Balances (From Previous Distributions) 0.00
Number of all Subsequent Class A-1 HELOC Mortgage Loans (Current Date) 1108
Subsequent Class A-1 HELOC Mortgage Loan Asset Balance (Current Date) 38,738,594.52
Number of all Subsequent Class A-2 Heloc Loans (Current Date) 102
Subsequent Class A-2 HELOC Loan Asset Balance (Current Date) 11,260,846.76
Number of all Subsequent HLTV Mortgage Loans (Current Date) 0
Subsequent HLTV Mortgage Loan Asset Balance (Current Date) 0.00
Cumulative Number of ALL Subsequent Mortgage Loans 0
Cumulative Subsequent Mortgage Loan Asset Balance 0.00
Class A-1 Cumulative Excess of Draws Over Principal Paydown 3,311,708.77
Beginning Loan Count 4,596
Ending Loan Count 5,758
</TABLE>
<PAGE>
<TABLE>
<S> <C>
COLLECTION AMOUNTS Class A-1
1 Aggregate of All Mortgage Collections (Gross) 6,552,826.03
2 Total Mortgage Interest Collections (Gross) 824,131.62
Servicing Fees (current collection period) 80,531.26
Deferred Interest Transfer (DI) 0.00
3a Mortgage Principal Collections 5,728,694.41
3b Pre-Funded Balance 0.00
3c Net Liquidation Proceeds 0.00
3 Total Mortgage Principal Collections 5,728,694.41
Aggregate of Transfer Deposits 0.00
Investor Loss Amount 0.00
Aggregate Investor Loss Reduction Amount 0.00
COLLECTION AMOUNTS Class A-2
1 Aggregate of All Mortgage Collections (Gross) 2,230,413.07
2 Total Mortgage Interest Collections (Gross) 229,583.54
Servicing Fees (current collection period) 21,821.07
Deferred Interest Transfer (DI) 0.00
3a Mortgage Principal Collections 2,000,829.53
3b Pre-Funded Balance 0.00
3c Net Liquidation Proceeds 0.00
3 Total Mortgage Principal Collections 2,000,829.53
Aggregate of Transfer Deposits 0.00
Investor Loss Amount 0.00
Aggregate Investor Loss Reduction Amount 0.00
TOTAL COLLECTION AMOUNT
1 Aggregate of All Mortgage Collections (Gross) 8,783,239.10
2 Total Mortgage Interest Collections (Gross) 1,053,715.16
Servicing Fees (current collection period) 102,352.33
Deferred Interest Transfer (DI) 0.00
3a Mortgage Principal Collections 7,729,523.94
3b Insurance Proceeds 0.00
3c Net Liquidation Proceeds 0.00
3 Total Mortgage Principal Collections 7,729,523.94
Aggregate of Transfer Deposits 0.00
Investor Loss Amount 0.00
Aggregate Investor Loss Reduction Amount 0.00
Class A-1 Net Interest Collection 743,600.36
Class A-2 Net Interest Collection 207,762.47
DISTRIBUTION AMOUNTS Class A-1
Class A-1 Note Interest 8.6 (d)(iv) 980,266.64
Class A-1 Note Unpaid Interest Shortfall (current cycle) 0.00
Class A-1 Note Reserve Fund Amount 0.00
Investor Loss Amount 0.00
Previous Investor Loss Amount 0.00
Monthly Credit Enhancer Premium 8.6 (d)(ii) 28,991.25
Credit Enhancer Reimbursement 0.00
Accelerated Principal Distribution Amount 0.00
Spread Account Deposit 0.00
Indenture Trustee Fee 8.6 (d)(i) 1,449.56
Management Fee 8.6 (d)(iii) 393.40
Payment to Servicer 0.00
Deferred Interest 0.00
Remaining Amount to Transferor 0.00
Total Certificateholders Distribution Allocable to Interest 1,011,100.85
</TABLE>
2
<PAGE>
<TABLE>
<S> <C>
Maximum Principal Payment 0.00
Scheduled Principal Collection Payment ((x)the excess of Max Prin Pymt (y) the HELOC Pool O/C Redctin Amt)
8.6(d)(v) 0.00
Accelerated Principal Distribution Amount 0.00
Loan Loss 0.00
Class A-1 Overcollateralization Deficit 8.6 (d)(vi) 0.00
Total Certificateholders Distribution Allocable to Principal 0.00
DISTRIBUTION AMOUNTS Class A-2
Class A-2 Note Interest 8.6 (d)(iv) 268,756.29
Class A-2 Note Unpaid Interest Shortfall (current cycle) 0.00
Class A-2 Note Reserve Fund Amount 0.00
Investor Loss Amount 0.00
Previous Investor Loss Amount 0.00
Monthly Credit Enhancer Premium 8.6 (d)(ii) 7,855.50
Credit Enhancer Reimbursement 0.00
Accelerated Principal Distribution Amount 0.00
Spread Account Deposit 0.00
Indenture Trustee Fee 8.6 (d)(i) 392.78
Management Fee 8.6 (d)(iii) 106.60
Payment to Servicer 0.00
Deferred Interest 0.00
Remaining Amount to Transferor 0.00
Total Certificateholders Distribution Allocable to Interest 277,111.17
Maximum Principal Payment 375,096.61
Scheduled Principal Collection Payment ((x)the excess of Max Prin Pymt (y) the Second Pool O/C Redctin Amt)
8.6(d)(v) 0.00
Accelerated Principal Distribution Amount 0.00
Loan Loss 0.00
Class A-2 Overcollateralization Deficit 8.6 (d)(vi) 0.00
Total Certificateholders Distribution Allocable to Principal 375,096.61
TOTAL DISTRIBUTION AMOUNT
Class A Note Interest 8.6 (d)(iv) 1,249,022.93
Class A Note Unpaid Interest Shortfall (current cycle) 5.01(i) 0.00
Class A Note Reserve Fund Amount 0.00
Investor Loss Amount 5.01(iii) 0.00
Previous Investor Loss Amount 5.01(iv) 0.00
Monthly Credit Enhancer Premium 8.6 (d)(ii) 36,846.75
Credit Enhancer Reimbursement 5.01(vi) 0.00
Accelerated Principal Distribution Amount 5.01(vii) 0.00
Spread Account Deposit 5.01(viii) 0.00
Indenture Trustee Fee 8.6 (d)(i) 1,842.34
Management Fee 8.6 (d)(iii) 500.00
Payment to Servicer per Section 7.03 5.01 (x) 0.00
Deferred Interest 5.01 (xi) 0.00
Remaining Amount to Transferor 5.01 (xii) 0.00
Total Certificateholders Distribution Allocable to Interest 1,288,212.02
Maximum Principal Payment 375,096.61
Scheduled Principal Collection Payment 0.00
Accelerated Principal Distribution Amount 0.00
Loan Loss 0.00
Overcollateralization Deficit 8.6 (d)(vi) 0.00
Total Certificateholders Distribution Allocable to Principal 375,096.61
</TABLE>
<PAGE>
<TABLE>
<S> <C>
LOSSES/RETRANSFERS
Unpaid Class A-1 Note Interest Shortfall Due (From Previous Distributions) 0.00
Unpaid Class A-2 Note Interest Shortfall Due (From Previous Distributions) 0.00
Interest Earned on Shortfall @ applicable Certificate Rate 0.00
Investor Loss Reduction Amount (From Previous Distributions) 0.00
DISTRIBUTION TO CERTIFICATEHOLDERS (PER CERTIFICATE WITH A $1,000 DENOMINATION)
Class A-1
Total Class A-1 Note Distribution Amount Allocable to Interest 5.0718750
Interest Distribution Amount 5.0718750
Unpaid Note Interest Shortfall Included in Current Distribution 0.0000000
Unpaid Note Interest Shortfall Remaining after Current Distribution (Carryover) 0.0000000
Total Class A-1 Note Distribution Amount Allocable to Principal 0.0000000
Maximum Principal Payment 0.0000000
Scheduled Principal Collections Payment 0.0000000
Loan Loss 0.0000000
Accelerated Principal Distribution Amount 0.0000000
Class A-2
Total Class A-2 Note Distribution Amount Allocable to Interest 5.1318750
Interest Distribution Amount 5.1318750
Unpaid Note Interest Shortfall Included in Current Distribution 0.0000000
Unpaid Note Interest Shortfall Remaining after Current Distribution (Carryover) 0.0000000
Total Class A-2 Note Distribution Amount Allocable to Principal 7.1624329
Maximum Principal Payment 7.1624329
Scheduled Principal Collections Payment 0.0000000
Loan Loss 0.0000000
Accelerated Principal Distribution Amount 0.0000000
Total Interest Amount Distributed to Class A Certificateholder 10.2037500
Total Principal Amount Distributed to Class A Certificateholder 7.1624329
Credit Enhancement Draw Amount 0.00
DELINQUENCIES/FORECLOSURES
Class A-1
Number of Mortgages 30 to 59 Days Delinquent 37
Aggregate Principal Balances of Mortgages 30 to 59 Days Delinquent 1,153,267.35
Number of Mortgages 60 to 89 Days Delinquent 1
Aggregate Principal Balances of Mortgages 60 to 89 Days Delinquent 14,151.04
Number of Mortgages 90 to 179 Days Delinquent 0
Aggregate Principal Balances of Mortgages 90 to 179 Days Delinquent 0.00
Number of Mortgages 180 or more Days Delinquent 0
Aggregate Principal Balances of Mortgages 180 or more Days Delinquent 0.00
Number of Mortgage Loans in Foreclosure 0
Aggregate Principal Balances of Mortgage Loans in Foreclosure 0.00
Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed 0.00
Aggregate Trust Balances of any Liquidated Loans in the Current Month 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Class A-2
Number of Mortgages 30 to 59 Days Delinquent 4
Aggregate Principal Balances of Mortgages 30 to 59 Days Delinquent 754,364.06
Number of Mortgages 60 to 89 Days Delinquent 0
Aggregate Principal Balances of Mortgages 60 to 89 Days Delinquent 0.00
Number of Mortgages 90 to 179 Days Delinquent 0
Aggregate Principal Balances of Mortgages 90 to 179 Days Delinquent 0.00
Number of Mortgages 180 or more Days Delinquent 0
Aggregate Principal Balances of Mortgages 180 or more Days Delinquent 0.00
Number of Mortgage Loans in Foreclosure 0
Aggregate Principal Balances of Mortgage Loans in Foreclosure 0.00
Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed 0.00
Aggregate Trust Balances of any Liquidated Loans in the Current Month 0.00
TOTAL DELINQUENCIES/FORECLOSURES
Number of Mortgages 30 to 59 Days Delinquent 41
Aggregate Principal Balances of Mortgages 30 to 59 Days Delinquent 1,907,631.41
Number of Mortgages 60 to 89 Days Delinquent 1
Aggregate Principal Balances of Mortgages 60 to 89 Days Delinquent 14,151.04
Number of Mortgages 90 to 179 Days Delinquent 0
Aggregate Principal Balances of Mortgages 90 to 179 Days Delinquent 0.00
Number of Mortgages 180 or more Days Delinquent 0
Aggregate Principal Balances of Mortgages 180 or more Days Delinquent 0.00
Number of Mortgage Loans in Foreclosure 0
Aggregate Principal Balances of Mortgage Loans in Foreclosure 0.00
Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed 0.00
Aggregate Trust Balances of any Liquidated Loans in the Current Month 0.00
===================================================================================================================================
RESERVE FUND ACTIVITY
Class A-1 Reserve Fund Beginning Balance 0.00
Class A-1 Reserve Fund Deposit/Withdrawal 0.00
Class A-1 Reserve Fund Ending Balance 0.00
Class A-2 Reserve Fund Beginning Balance 0.00
Class A-2 Reserve Fund Deposit/Withdrawal 0.00
Class A-2 Reserve Fund Ending Balance 0.00
PRE-FUNDED ACCOUNT ACTIVITY
Beginning Balance Pre-Funded Account 50,000,000.00
Remaining Amount for Distribution to Classes 0.00
Withdrawal for Subsequent Loan Purchase: (49,999,441.28)
Ending Balance Pre-Funded Account 558.72
All Computations reflected in this Servicer Certificate were made
in conformity with the Pooling and Servicing Agreement.
The Attached Servicing Certificate is true and correct in all material respects.
______________________________________________________________________
A Servicing Officer Teri Martine
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Mortgage Principal Collections 2,000,829.53
Pre-Funded Balance 0.00
0.00
Total Mortgage Principal Collections 2,000,829.53
TOTAL COLLECTION AMOUNT
Aggregate of All Mortgage Collections 8,783,239.10
Total Mortgage Interest Collections 1,053,715.16
Mortgage Principal Collections 7,729,523.94
Pre-Funded Balance 0.00
Total Mortgage Principal Collections 7,729,523.94
DISTRIBUTION AMOUNTS Class A-1
Class A-1 Note Interest 980,266.64
Class A-1 Note Unpaid Interest Shortfall (current cycle) 0.00
Class A-1 Note Reserve Fund Amount 0.00
Maximum Principal Payment 0.00
Scheduled Principal Collection 0.00
Accelerated Principal Distribution Amount 0.00
Loan Loss 0.00
Class A-1 Overcollateralization Deficit 0.00
Total Certificateholders Distribution Allocable to Principal 0.00
DISTRIBUTION AMOUNTS Class A-2
Class A-2 Note Interest 268,756.29
Class A-2 Note Unpaid Interest Shortfall (current cycle) 0.00
Class A-2 Note Reserve Fund Amount 0.00
Maximum Principal Payment 375,096.61
Scheduled Principal Collection 0.00
Accelerated Principal Distribution Amount 0.00
Loan Loss 0.00
Class A-2 Overcollateralization Deficit 0.00
Total Certificateholders Distribution Allocable to Principal 375,096.61
TOTAL DISTRIBUTION AMOUNT
Class A Note Interest 1,249,022.93
Class A Note Unpaid Interest Shortfall (current cycle) 0.00
Class A Note Reserve Fund Amount 0.00
Maximum Principal Payment 375,096.61
Scheduled Principal Collection Payment 0.00
Accelerated Principal Distribution Amount 0.00
Overcollateralization Deficit 0.00
Total Certificateholders Distribution Allocable to Principal 375,096.61
LOSSES/RETRANSFERS
Unpaid Class A-1 Note Interest Shortfall Due (From Previous Distributions) 0.00
Unpaid Class A-2 Note Interest Shortfall Due (From Previous Distributions) 0.00
Interest Earned on Shortfall @ applicable Certificate Rate 0.00
Investor Loss Reduction Amount (From Previous Distributions) 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
DISTRIBUTION TO CERTIFICATEHOLDERS (PER CERTIFICATE WITH A $1,000 DENOMINATION)
<S> <C>
Class A-1
Total Class A-1 Note Distribution Amount Allocable to Interest 5.0718750
Interest Distribution Amount 5.0718750
Unpaid Note Interest Shortfall Included in Current Distribution 0.0000000
Unpaid Note Interest Shortfall Remaining after Current Distribution (Carryover) 0.0000000
Total Class A-1 Note Distribution Amount Allocable to Principal 0.0000000
Maximum Principal Payment 0.0000000
Scheduled Principal Collections Payment 0.0000000
Loan Loss 0.0000000
Accelerated Principal Distribution Amount 0.0000000
Class A-2
Total Class A-2 Note Distribution Amount Allocable to Interest 5.1318750
Interest Distribution Amount 5.1318750
Unpaid Note Interest Shortfall Included in Current Distribution 0.0000000
Unpaid Note Interest Shortfall Remaining after Current Distribution (Carryover) 0.0000000
Total Class A-2 Note Distribution Amount Allocable to Principal 7.1624329
Maximum Principal Payment 7.1624329
Scheduled Principal Collections Payment 0.0000000
Loan Loss 0.0000000
Accelerated Principal Distribution Amount 0.0000000
Total Interest Amount Distributed to Class A Certificateholder 10.2037500
Total Principal Amount Distributed to Class A Certificateholder 7.1624329
Credit Enhancement Draw Amount 0.00
DELINQUENCIES/FORECLOSURES
Class A-1
Number of Mortgages 31 to 60 Days Delinquent 37
Aggregate Principal Balances of Mortgages 31 to 60 Day Delinquent 1,153,267.35
Number of Mortgages 61 to 90 Days Delinquent 1
Aggregate Principal Balances of Mortgages 61 to 90 Days Delinquent 14,151.04
Number of Mortgages 91 to 180 or more Days Delinquent 0
Aggregate Principal Balances of Mortgages 91 to 180 or more Days Delinquent 0.00
Number of Mortgages 181 or more Days Delinquent 0
Aggregate Principal Balances of Mortgages 181 or more Days Delinquent 0.00
Number of Mortgage Loans in Foreclosure 0
Aggregate Principal Balances of Mortgage Loans in Foreclosure 0.00
Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed 0.00
Aggregate Trust Balances of any Liquidated Loans in the Current Month 0.00
Class A-2
Number of Mortgages 31 to 60 Days Delinquent 4
Aggregate Principal Balances of Mortgages 31 to 60 Days Delinquent 754,364.06
Number of Mortgages 61 to 90 Days Delinquent 0
Aggregate Principal Balances of Mortgages 61 to 90 Days Delinquent
Number of Mortgages 91 to 180 or more Days Delinquent 0
Aggregate Principal Balances of Mortgages 91 to 180 or more Days Delinquent 0.00
Number of Mortgages 181 or more Days Delinquent 0
Aggregate Principal Balances of Mortgages 181 or more Days Delinquent 0.00
Number of Mortgage Loans in Foreclosure 0
Aggregate Principal Balances of Mortgage Loans in Foreclosure 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
GREENPOINT MORTGAGE STATEMENT TO NOTEHOLDERS
===================================================================================================================================
Revolving Home Equity Loan LIBOR: 6.46250% Current Collection Period: 12/01/99-12/31/99
Asset-Backed Notes Margin: 0.30000% P&S Agreement Date: 12/1/99
Series 1999-2 Class A-1 Note Rate: 6.76250% Original Closing Date: 12/22/99
Class A-2 Note Rate: 6.84250% Distribution Date: 1/18/00
Record date: 1/17/00
Interest Period 12/22/99 thru 01/17/00: 27 Pool Factor: 99.8473013%
===================================================================================================================================
<S> <C> <C>
BALANCES
Beginning HELOC Pool Balance 154,536,428.19
Beginning Second Lien Pool Balance 41,109,718.39
Beginning Class A-1 Note Balance-- CUSIP 193,275,000.00
Beginning Class A-2 Note Balance-- CUSIP 52,370,000.00
Ending Class A-1 Pool Balance 196,586,731.48
Ending Class A-2 Pool Balance 51,995,468.54
Ending Class A-1 Note Balance -- CUSIP 193,275,000.00
Ending Class A-2 Note Balance -- CUSIP 51,994,903.39
Additional Balances Class A-1 9,040,403.18
Additional Balances Class A-2 1,625,732.92
Number of all Retransferred Mortgage Loans (Current Retransfer Date) 0
Retransferred Mortgage Loan Trust Balances (Current Retransfer Date) 0.00
Cumulative Number of all Retransferred Mortgage Loans (From Previous Distributions) 0
Cumulative Retransferred Mortgage Loan Trust Balances (From Previous Distributions) 0.00
Number of all Subsequent HELOC Mortgage Loans (Current Date) 1,108
Subsequent HELOC Mortgage Loan Asset Balance (Current Date) 38,738,594.52
Number of all Subsequent Second Lien Mortgage Loans (Current Date) 102
Subsequent Second Lien Mortgage Loan Asset Balance (Current Date) 11,260,846.76
Number of all Subsequent HLTV Mortgage Loans (Current Date) 0
Subsequent HLTV Mortgage Loan Asset Balance (Current Date) 0.00
Cumulative Number of ALL Subsequent Mortgage Loans 0
Cumulative Subsequent Mortgage Loan Asset Balance 0.00
Class A-1 Cumulative Excess of Draws Over Principal Paydown 3,311,708.77
Beginning Loan Count 4,596
Ending Loan Count 5,758
COLLECTION AMOUNTS Class A-1
Aggregate of All Mortgage Collections 6,472,294.77
Total Mortgage Interest Collections 824,131.62
Servicing Fees (current collection period) (80,531.26)
Mortgage Principal Collections 5,728,694.41
Pre-Funded Balance 0.00
0.00
Total Mortgage Principal Collections 5,728,694.41
COLLECTION AMOUNTS Class A-2
Aggregate of All Mortgage Collections 2,208,592.00
Total Mortgage Interest Collections 229,583.54
Servicing Fees (current collection period) (21,821.07)
Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed 0.00
Aggregate Trust Balances of any Liquidated Loans in the Current Month 0.00
TOTAL DELINQUENCIES/FORECLOSURES
Number of Mortgages 31 to 60 Days Delinquent 41
Aggregate Principal Balances of Mortgages 31 to 60 Days Delinquent 1,907,631.41
Number of Mortgages 61 to 90 Days Delinquent 1
Aggregate Principal Balances of Mortgages 61 to 90 Days Delinquent 14,151.04
Number of Mortgages 91 to 180 or more Days Delinquent 0
Aggregate Principal Balances of Mortgages 91 to 180 or more Days Delinquent 0.00
Number of Mortgages 181 or more Days Delinquent 0
Aggregate Principal Balances of Mortgages 181 or more Days Delinquent 0.00
Number of Mortgage Loans in Foreclosure 0
Aggregate Principal Balances of Mortgage Loans in Foreclosure 0.00
Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed 0.00
Aggregate Trust Balances of any Liquidated Loans in the Current Month 0.00
===================================================================================================================================
Class A-1 Note Rate For Next Distribution LIBOR tbd #VALUE!
RESERVE FUND ACTIVITY
Class A-1 Reserve Fund Beginning Balance 0.00
Class A-1 Reserve Fund Deposit/Withdrawal 0.00
Class A-1 Reserve Fund Ending Balance 0.00
Class A-2 Reserve Fund Beginning Balance 0.00
Class A-2 Reserve Fund Deposit/Withdrawal 0.00
Class A-2 Reserve Fund Ending Balance 0.00
</TABLE>
|
|