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Previous: GREENPOINT HM EQ LN TR 1999-2 REV HM EQ ASS BK NOT SE 1999-2, 8-K, 2001-01-08 |
Next: NORWEST ASSET SECURITIES CORP MORT PASS THR CERT SER 2000 1, 8-K, 2001-01-08 |
<PAGE>
EXHIBIT 10.1
GreenPoint Mortgage SERVICING CERTIFICATE
<TABLE>
<CAPTION>
=============================================================================================================================
<S> <C> <C> <C> <C>
Revolving Home Equity Loan LIBOR: 6.62000% Current Collection Period: 11/01/00-11/30/00
Asset-Backed Notes Margin A-1: 0.30000% P&S Agreement Date: 12/1/99
Series 1999-2 Class A-1 Note Rate: 6.92000% Original Closing Date: 12/22/99
Class A-2 Note Rate: 7.00000% Distribution Date: 12/15/00
Margin A-2: 0.38000% Record Date: 12/14/00
Interest Period 11/15/00 Pool Factor: 74.6565933%
thru 12/14/00: 30
Servicing Fee Rate: 0.50000% Initial Class A-1 O/C Amt: 22.71
Class A-1 Premium Fee 0.18000% Initial Class A-2 O/C Amt: 565.15
Rate:
Class A-2 Premium Fee 0.18000%
Rate:
Class A-1 O/C Amt as of Pmt
Date: 5,408,774.99
Trustee Fee: 0.00900% Class A-2 O/C Amt as of Pmt
Date: 1,438,840.14
Class A-1 Act Weighted Class A-1 Pool Factor: 78.2790279%
Avg Ln Rate: 12.55939%
Class A-2 Act Weighted Class A-2 Pool Factor: 61.2877557%
Avg Ln Rate: 12.40391%
Total Management Fee 500.00
=====================================================================================================================
<CAPTION>
<S> <C>
BALANCES
Beginning Class A-1 Pool Balance 163,748,421.40
Beginning Class A-2 Pool Balance 35,513,123.30
Beginning Class A-1 Note Balance -- CUSIP 395385AA5 158,339,646.41
Beginning Class A-2 Note Balance -- CUSIP 395385AB3 34,074,283.16
Class A-1 Overcollateralization Amount to Fill (0.00)
Class A-2 Overcollateralization Amount to Fill 0.00
Ending Class A-1 Pool Balance 156,702,566.07
Ending Class A-2 Pool Balance 33,535,237.78
Ending Class A-1 Note Balance -- CUSIP 395385AA5 151,293,791.08
Ending Class A-2 Note Balance -- CUSIP 395385AB3 32,096,397.64
Additional Balances Class A-1 2,111,369.71
Additional Balances Class A-2 588,621.57
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) 0
Subsequent Class A-1 HELOC Mortgage Loan Asset Balance (Current Date) 0.00
Number of all Subsequent Class A-2 Heloc Loans (Current Date) 0
Subsequent Class A-2 HELOC Loan Asset Balance (Current Date) 0.00
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 0.00
Class A-1 Cumulative Excess of Draws Over Principal Paydown Recoup this Distribution 0.00
Beginning Loan Count 4,550
Ending Loan Count 4,375
</TABLE>
<PAGE>
<TABLE>
<S> <C>
COLLECTION AMOUNTS Class A-1
1 Aggregate of All Mortgage Collections (Gross) 10,899,470.70
2 Total Mortgage Interest Collections (Gross) 1,742,245.66
Servicing Fees (current collection period) 68,228.51
Deferred Interest Transfer (DI) 0.00
3a Mortgage Principal Collections 9,157,225.04
3b Pre-Funded Balance 0.00
3c Net Liquidation Proceeds 0.00
3 Total Mortgage Principal Collections 9,157,225.04
Aggregate of Transfer Deposits 0.00
Investor Loss Amount 0.00
Aggregate Investor Loss Reduction Amount 26,771.07
COLLECTION AMOUNTS Class A-2
1 Aggregate of All Mortgage Collections (Gross) 2,950,462.81
2 Total Mortgage Interest Collections (Gross) 383,955.72
Servicing Fees (current collection period) 14,797.13
Deferred Interest Transfer (DI) 0.00
3a Mortgage Principal Collections 2,566,507.09
3b Pre-Funded Balance 0.00
3c Net Liquidation Proceeds 0.00
3 Total Mortgage Principal Collections 2,566,507.09
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) 13,849,933.51
2 Total Mortgage Interest Collections (Gross) 2,126,201.38
Servicing Fees (current collection period) 83,025.64
Deferred Interest Transfer (DI) 0.00
3a Mortgage Principal Collections 11,723,732.13
3b Insurance Proceeds 0.00
3c Net Liquidation Proceeds 0.00
3 Total Mortgage Principal Collections 11,723,732.13
Aggregate of Transfer Deposits 0.00
Investor Loss Amount 0.00
Aggregate Investor Loss Reduction Amount 26,771.07
Class A-1 Net Interest Collection 1,674,017.15
Class A-2 Net Interest Collection 369,158.59
DISTRIBUTION AMOUNTS Class A-1
Class A-1 Note Interest 8.6 (d)(iv) 913,091.96
Class A-1 Note Unpaid Interest Shortfall (current cycle) 0.00
Class A-1 Note Reserve Fund Amount 735,593.30
Investor Loss Amount 0.00
Previous Investor Loss Amount 0.00
Monthly Credit Enhancer Premium 8.6 (d)(ii) 23,750.95
Credit Enhancer Reimbursement 0.00
Accelerated Principal Distribution Amount 0.00
Spread Account Deposit 0.00
Indenture Trustee Fee 8.6 (d)(i) 1,187.55
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 1,674,017.16
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Maximum Principal Payment 7,045,855.33
Scheduled Principal Collection Payment ((x)the excess of Max Prin Pymt (y) the HELOC Pool O/C 0.00
Redctin Amt) 8.6(d)(v)
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 7,045,855.33
DISTRIBUTION AMOUNTS Class A-2
Class A-2 Note Interest 8.6 (d)(iv) 198,766.65
Class A-2 Note Unpaid Interest Shortfall (current cycle) 0.00
Class A-2 Note Reserve Fund Amount 164,918.63
Investor Loss Amount 0.00
Previous Investor Loss Amount 0.00
Monthly Credit Enhancer Premium 8.6 (d)(ii) 5,111.14
Credit Enhancer Reimbursement 0.00
Accelerated Principal Distribution Amount 0.00
Spread Account Deposit 0.00
Indenture Trustee Fee 8.6 (d)(i) 255.56
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 369,158.58
Maximum Principal Payment 1,977,885.52
Scheduled Principal Collection Payment ((x)the excess of Max Prin Pymt (y) the Second Pool O/C 0.00
Redctin Amt) 8.6(d)(v)
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 1,977,885.52
TOTAL DISTRIBUTION AMOUNT
Class A Note Interest 8.6 (d)(iv) 1,111,858.61
Class A Note Unpaid Interest Shortfall (current cycle) 5.01(i) 0.00
Class A Note Reserve Fund Amount 900,511.93
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) 28,862.09
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) 1,443.10
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 2,043,175.74
Maximum Principal Payment 9,023,740.85
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 9,023,740.85
</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 4.7243149
Interest Distribution Amount 4.7243149
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 36.4550787
Maximum Principal Payment 36.4550787
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 3.7954297
Interest Distribution Amount 3.7954297
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 37.7675295
Maximum Principal Payment 37.7675295
Scheduled Principal Collections Payment 0.0000000
Loan Loss 0.0000000
Accelerated Principal Distribution Amount 0.0000000
Total Interest Amount Distributed to Class A Certificateholder 8.5197446
Total Principal Amount Distributed to Class A Certificateholder 74.2226082
Credit Enhancement Draw Amount 0.00
DELINQUENCIES/FORECLOSURES
Class A-1
Number of Mortgages 30 to 59 Days Delinquent 75
Aggregate Principal Balances of Mortgages 30 to 59 Days Delinquent 2,961,939.39
Number of Mortgages 60 to 89 Days Delinquent 18
Aggregate Principal Balances of Mortgages 60 to 89 Days Delinquent 856,996.66
Number of Mortgages 90 to 179 Days Delinquent 10
Aggregate Principal Balances of Mortgages 90 to 179 Days Delinquent 351,729.13
Number of Mortgages 180 or more Days Delinquent 6
Aggregate Principal Balances of Mortgages 180 or more Days Delinquent 318,471.25
Number of Mortgage Loans in Foreclosure 13
Aggregate Principal Balances of Mortgage Loans in Foreclosure 593,803.11
Principal Balance of Real Estate Acquired Through Foreclosure or Grant of a Deed 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 5
Aggregate Principal Balances of Mortgages 30 to 59 Days Delinquent 462,853.89
Number of Mortgages 60 to 89 Days Delinquent 3
Aggregate Principal Balances of Mortgages 60 to 89 Days Delinquent 418,723.10
Number of Mortgages 90 to 179 Days Delinquent 1
Aggregate Principal Balances of Mortgages 90 to 179 Days Delinquent 294,210.94
Number of Mortgages 180 or more Days Delinquent 1
Aggregate Principal Balances of Mortgages 180 or more Days Delinquent 196,058.94
Number of Mortgage Loans in Foreclosure 0
Aggregate Principal Balances of Mortgage Loans in Foreclosure 0.00
Principal Balance of Real Estate Acquired Through Foreclosure or Grant of a Deed 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 80
Aggregate Principal Balances of Mortgages 30 to 59 Days Delinquent 3,424,793.28
Number of Mortgages 60 to 89 Days Delinquent 21
Aggregate Principal Balances of Mortgages 60 to 89 Days Delinquent 1,275,719.76
Number of Mortgages 90 to 179 Days Delinquent 11
Aggregate Principal Balances of Mortgages 90 to 179 Days Delinquent 645,940.07
Number of Mortgages 180 or more Days Delinquent 7
Aggregate Principal Balances of Mortgages 180 or more Days Delinquent 514,530.19
Number of Mortgage Loans in Foreclosure 13
Aggregate Principal Balances of Mortgage Loans in Foreclosure 593,803.11
Principal Balance of Real Estate Acquired Through Foreclosure or Grant of a Deed 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
Reserve Fund Beginning Balance 0.00
Reserve Fund Deposit 900,511.93
Reserve Bal Subtotal 900,511.93
Reserve Fund Reduction Amt (900,511.93)
Reserve Fund Balance 0.00
PRE-FUNDED ACCOUNT ACTIVITY
Beginning Balance Pre-Funded Account 0.00
Remaining Amount for Distribution to Classes 0.00
Withdrawal for Subsequent Loan Purchase: 0.00
Ending Balance Pre-Funded Account 0.00
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>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------------
GREENPOINT MORTGAGE STATEMENT TO NOTEHOLDERS
============================================================================================================================
<S> <C> <C> <C> <C>
Revolving Home Equity Loan LIBOR: 6.62000% Current Collection 11/01/00-11/30/00
Period:
Asset-Backed Notes Margin: 0.30000% P&S Agreement Date: 12/1/99
Series 1999-2 Class A-1 Note Rate: 6.92000% Original Closing Date: 12/22/99
Class A-2 Note Rate: 7.00000% Distribution Date: 12/15/00
Record Date: 12/14/00
Interest Period Pool Factor: 74.6565933%
11/15/00 thru 30
12/14/00:
============================================================================================================================
<CAPTION>
<S> <C>
BALANCES
Beginning HELOC Pool Balance 163,748,421.40
Beginning Second Lien Pool Balance 35,513,123.30
Beginning Class A-1 Note Balance -- CUSIP 395385AA5 158,339,646.41
Beginning Class A-2 Note Balance -- CUSIP 395385AB3 34,074,283.16
Ending Class A-1 Pool Balance 156,702,566.07
Ending Class A-2 Pool Balance 33,535,237.78
Ending Class A-1 Note Balance -- CUSIP 151,293,791.08
Ending Class A-2 Note Balance -- CUSIP 32,096,397.64
Additional Balances Class A-1 2,111,369.71
Additional Balances Class A-2 588,621.57
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) 0
Subsequent HELOC Mortgage Loan Asset Balance (Current Date) 0.00
Number of all Subsequent Second Lien Mortgage Loans (Current Date) 0
Subsequent Second Lien Mortgage Loan Asset Balance (Current Date) 0.00
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 0.00
Beginning Loan Count 4,550
Ending Loan Count 4,375
COLLECTION AMOUNTS Class A-1
Aggregate of All Mortgage Collections 10,831,242.19
Total Mortgage Interest Collections 1,742,245.66
Servicing Fees (current collection period) (68,228.51)
Mortgage Principal Collections 9,157,225.04
Pre-Funded Balance 0.00
0.00
Total Mortgage Principal Collections 9,157,225.04
COLLECTION AMOUNTS Class A-2
Aggregate of All Mortgage Collections 2,935,665.68
Total Mortgage Interest Collections 383,955.72
Servicing Fees (current collection period) (14,797.13)
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Mortgage Principal Collections 2,566,507.09
Pre-Funded Balance 0.00
0.00
Total Mortgage Principal Collections 2,566,507.09
TOTAL COLLECTION AMOUNT
Aggregate of All Mortgage Collections 13,849,933.51
Total Mortgage Interest Collections 2,126,201.38
Mortgage Principal Collections 11,723,732.13
Pre-Funded Balance 0.00
Total Mortgage Principal Collections 11,723,732.13
DISTRIBUTION AMOUNTS Class A-1
Class A-1 Note Interest 913,091.96
Class A-1 Note Unpaid Interest Shortfall (current cycle) 0.00
Class A-1 Note Reserve Fund Amount 735,593.30
Maximum Principal Payment 7,045,855.33
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 7,045,855.33
DISTRIBUTION AMOUNTS Class A-2
Class A-2 Note Interest 198,766.65
Class A-2 Note Unpaid Interest Shortfall (current cycle) 0.00
Class A-2 Note Reserve Fund Amount 164,918.63
Maximum Principal Payment 1,977,885.52
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 1,977,885.52
TOTAL DISTRIBUTION AMOUNT
Class A Note Interest 1,111,858.61
Class A Note Unpaid Interest Shortfall (current cycle) 0.00
Class A Note Reserve Fund Amount 900,511.93
Maximum Principal Payment 9,023,740.85
Scheduled Principal Collection Payment 0.00
Accelerated Principal Distribution Amount 0.00
Overcollateralization Deficit 0.00
Total Certificateholders Distribution Allocable to Principal 9,023,740.85
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>
DISTRIBUTION TO CERTIFICATEHOLDERS (PER CERTIFICATE WITH A $1,000 DENOMINATION)
<TABLE>
<S> <C>
Class A-1
Total Class A-1 Note Distribution Amount Allocable to Interest 4.7243149
Interest Distribution Amount 4.7243149
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 36.4550787
Maximum Principal Payment 36.4550787
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 3.7954297
Interest Distribution Amount 3.7954297
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 37.7675295
Maximum Principal Payment 37.7675295
Scheduled Principal Collections Payment 0.0000000
Loan Loss 0.0000000
Accelerated Principal Distribution Amount 0.0000000
Total Interest Amount Distributed to Class A Certificateholder 8.5197446
Total Principal Amount Distributed to Class A Certificateholder 74.2226082
Credit Enhancement Draw Amount 0.00
DELINQUENCIES/FORECLOSURES
Class A-1
Number of Mortgages 31 to 60 Days Delinquent 75
Aggregate Principal Balances of Mortgages 31 to 60 Days Delinquent 2,961,939.39
Number of Mortgages 61 to 90 Days Delinquent 18
Aggregate Principal Balances of Mortgages 61 to 90 Days Delinquent 856,996.66
Number of Mortgages 91 to 180 or more Days Delinquent 10
Aggregate Principal Balances of Mortgages 91 to 180 or more Days Delinquent 351,729.13
Number of Mortgages 181 or more Days Delinquent 6
Aggregate Principal Balances of Mortgages 181 or more Days Delinquent 318,471.25
Number of Mortgage Loans in Foreclosure 13
Aggregate Principal Balances of Mortgage Loans in Foreclosure 593,803.11
Principal Balance of Real Estate Acquired Through Foreclosure or Grant of a Deed 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 5
Aggregate Principal Balances of Mortgages 31 to 60 Days Delinquent 462,853.89
Number of Mortgages 61 to 90 Days Delinquent 3
Aggregate Principal Balances of Mortgages 61 to 90 Days Delinquent 418,723.10
Number of Mortgages 91 to 180 or more Days Delinquent 1
Aggregate Principal Balances of Mortgages 91 to 180 or more Days Delinquent 294,210.94
Number of Mortgages 181 or more Days Delinquent 1
Aggregate Principal Balances of Mortgages 181 or more Days Delinquent 196,058.94
Number of Mortgage Loans in Foreclosure 0
Aggregate Principal Balances of Mortgage Loans in Foreclosure 0.00
Principal Balance of Real Estate Acquired Through Foreclosure or Grant of a Deed 0.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
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 80
Aggregate Principal Balances of Mortgages 31 to 60 Days Delinquent 3,424,793.28
Number of Mortgages 61 to 90 Days Delinquent 21
Aggregate Principal Balances of Mortgages 61 to 90 Days Delinquent 1,275,719.76
Number of Mortgages 91 to 180 or more Days Delinquent 11
Aggregate Principal Balances of Mortgages 91 to 180 or more Days Delinquent 645,940.07
Number of Mortgages 181 or more Days Delinquent 7
Aggregate Principal Balances of Mortgages 181 or more Days Delinquent 514,530.19
Number of Mortgage Loans in Foreclosure 13
Aggregate Principal Balances of Mortgage Loans in Foreclosure 593,803.11
Principal Balance of Real Estate Acquired Through Foreclosure or Grant of a Deed 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
============================================================================================================================
<CAPTION>
<S> <C> <C> <C>
Class A-1 Note Rate For Next Distribution LIBOR TBD #VALUE!
<CAPTION>
<S> <C>
RESERVE FUND ACTIVITY
Reserve Fund Beginning Balance 0.00
Reserve Fund Deposit 900,511.93
Reserve Bal Subtotal 900,511.93
Reserve Fund Reduction Amt (900,511.93)
Reserve Fund Balance 0.00
</TABLE>
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