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Previous: OPTION ONE MORT ACCEP CORP ASSET BACKED CERT SER 2000-1, 8-K, 2000-07-07 |
Next: HUDSONS GRILL INTERNATIONAL INC, SB-1/A, 2000-07-07 |
<TABLE>
<CAPTION>
Option One Mortgage Loan Trust
Mortgage Pass-Through Certificates
Record Date: 05/31/2000
Distribution Date: 06/26/2000
OOMC Series: 2000-1
Contact: Customer Service - CTSLink
Norwest Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
A 68389FAN4 SEQ 6.95500% 130,607,473.42 807,444.42 1,283,365.40
M-1 68389FAP9 SEQ 7.12500% 13,306,000.00 84,271.33 0.00
M-2 68389FAQ7 SEQ 7.62500% 9,444,000.00 64,009.33 0.00
M-3 68389FAR5 SEQ 9.12500% 7,727,000.00 62,674.56 0.00
S 68389FAS3 IO 3.50000% 0.00 50,079.17 0.00
C OPT00010C SUB 44.31813% 6,008,900.01 221,924.33 0.00
R-1 OPT0001R1 RES 0.00000% 0.00 0.00 0.00
R-2 OPT0001R2 RES 0.00000% 0.00 0.00 0.00
R-3 OPT0001R3 RES 0.00000% 0.00 0.00 0.00
R-4 OPT0001R4 RES 0.00000% 0.00 0.00 0.00
P OPT00001P SEQ 0.00000% 100.00 29,602.75 0.00
Totals 167,093,473.43 1,320,005.89 1,283,365.40
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
A 0.00 129,324,108.02 2,090,809.82 0.00
M-1 0.00 13,306,000.00 84,271.33 0.00
M-2 0.00 9,444,000.00 64,009.33 0.00
M-3 0.00 7,727,000.00 62,674.56 0.00
S 0.00 0.00 50,079.17 0.00
C 0.00 6,008,900.01 221,924.33 0.00
R-1 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00
R-4 0.00 0.00 0.00 0.00
P 0.00 100.00 29,602.75 0.00
Totals 0.00 165,810,108.03 2,603,371.29 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<S> <C> <C> <C> <C> <C> <C>
A 135,214,000.00 130,607,473.42 0.00 1,283,365.40 0.00 0.00
M-1 13,306,000.00 13,306,000.00 0.00 0.00 0.00 0.00
M-2 9,444,000.00 9,444,000.00 0.00 0.00 0.00 0.00
M-3 7,727,000.00 7,727,000.00 0.00 0.00 0.00 0.00
S 0.00 0.00 0.00 0.00 0.00 0.00
C 6,008,900.01 6,008,900.01 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00 0.00 0.00
R-4 0.00 0.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
Totals 171,700,000.01 167,093,473.43 0.00 1,283,365.40 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C>
A 1,283,365.40 129,324,108.02 0.95644022 1,283,365.40
M-1 0.00 13,306,000.00 1.00000000 0.00
M-2 0.00 9,444,000.00 1.00000000 0.00
M-3 0.00 7,727,000.00 1.00000000 0.00
S 0.00 0.00 0.00000000 0.00
C 0.00 6,008,900.01 1.00000000 0.00
R-1 0.00 0.00 0.00000000 0.00
R-2 0.00 0.00 0.00000000 0.00
R-3 0.00 0.00 0.00000000 0.00
R-4 0.00 0.00 0.00000000 0.00
P 0.00 100.00 1.00000000 0.00
Totals 1,283,365.40 165,810,108.03 0.96569661 1,283,365.40
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<S> <C> <C> <C> <C> <C>
A 135,214,000.00 965.93158563 0.00000000 9.49136480 0.00000000
M-1 13,306,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 9,444,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 7,727,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
S 0.00 0.00000000 0.00000000 0.00000000 0.00000000
C 6,008,900.01 1000.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) Per $1,000 denomination except for class P which is per $100.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
A 0.00000000 9.49136480 956.44022084 0.95644022 9.49136480
M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
S 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
C 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A 135,214,000.00 6.95500% 130,607,473.42 807,444.42 0.00 0.00
M-1 13,306,000.00 7.12500% 13,306,000.00 84,271.33 0.00 0.00
M-2 9,444,000.00 7.62500% 9,444,000.00 64,009.33 0.00 0.00
M-3 7,727,000.00 9.12500% 7,727,000.00 62,674.56 0.00 0.00
S 0.00 3.50000% 17,170,000.00 50,079.17 0.00 0.00
C 6,008,900.01 44.31813% 6,008,900.01 221,924.33 0.00 0.00
R-1 0.00 0.00000% 0.00 0.00 0.00 0.00
R-2 0.00 0.00000% 0.00 0.00 0.00 0.00
R-3 0.00 0.00000% 0.00 0.00 0.00 0.00
R-4 0.00 0.00000% 0.00 0.00 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
Totals 171,700,000.01 1,290,403.14 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A 0.01 0.00 807,444.42 0.00 129,324,108.02
M-1 0.00 0.00 84,271.33 0.00 13,306,000.00
M-2 0.00 0.00 64,009.33 0.00 9,444,000.00
M-3 0.00 0.00 62,674.56 0.00 7,727,000.00
S 0.00 0.00 50,079.17 0.00 17,170,000.00
C 0.00 0.00 221,924.33 0.00 6,008,900.01
R-1 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00 0.00
R-4 0.00 0.00 0.00 0.00 0.00
P 0.00 0.00 29,602.75 0.00 100.00
Totals 0.01 0.00 1,320,005.89 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A 135,214,000.00 6.95500% 965.93158563 5.97160368 0.00000000 0.00000000
M-1 13,306,000.00 7.12500% 1000.00000000 6.33333308 0.00000000 0.00000000
M-2 9,444,000.00 7.62500% 1000.00000000 6.77777742 0.00000000 0.00000000
M-3 7,727,000.00 9.12500% 1000.00000000 8.11111169 0.00000000 0.00000000
S 0.00 3.50000% 1000.00000000 2.91666686 0.00000000 0.00000000
C 6,008,900.01 44.31813% 1000.00000000 36.93260491 0.00000000 0.00000000
R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-4 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) Per $1,000 denomination except for class P which $100.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A 0.00000007 0.00000000 5.97160368 0.00000000 956.44022084
M-1 0.00000000 0.00000000 6.33333308 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 6.77777742 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 8.11111169 0.00000000 1000.00000000
S 0.00000000 0.00000000 2.91666686 0.00000000 1000.00000000
C 0.00000000 0.00000000 36.93260491 0.00000000 1000.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 296027.50000000 0.00000000 1000.00000000
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 2,608,562.19
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 64,849.11
Realized Losses 0.00
Total Deposits 2,673,411.30
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 70,040.01
Payment of Interest and Principal 2,603,371.29
Total Withdrawals (Pool Distribution Amount) 2,673,411.30
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.01
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 69,622.28
Trustee Fee 417.72
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 70,040.00
</TABLE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<S> <C> <C> <C> <C>
Reserve Fund 1,000.00 4.97 4.97 1,000.00
</TABLE>
<TABLE>
<CAPTION> CERTIFICATEHOLDER DELINQUENCY/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
Percentage Delinquent
Based On
Current Unpaid
Number Principal Number Unpaid
Of Loans Balance Of Loans Balance
<S> <C> <C> <C> <C>
30 Days 8 1,803,461.25 1.420959% 1.087667%
60 Days 6 2,009,686.49 1.065719% 1.212041%
90+ Days 12 3,951,854.99 2.131439% 2.383362%
Foreclosure 12 3,734,762.44 2.131439% 2.252434%
REO 0 0.00 0.000000% 0.000000%
Totals 38 11,499,765.17 6.749556% 6.935503%
(7) The foreclosure, bankruptcy and REO loans are also included in the 30, 60,
90 stratification data. As a result, the foreclosure, bankruptcy, and REO loans
will be double counted in the total line amount
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 0.00
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 64,849.11
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C>
Class M-1 23,180,000.01 13.50029121% 23,180,000.01 13.97984736% 8.024842% 0.000000%
Class M-2 13,736,000.01 8.00000001% 13,736,000.01 8.28417530% 5.695672% 0.000000%
Class M-3 6,009,000.01 3.49970880% 6,009,000.01 3.62402515% 4.660150% 0.000000%
Class S 6,009,000.01 3.49970880% 6,009,000.01 3.62402515% 0.000000% 0.000000%
Class C 100.00 0.00005824% 100.00 0.00006031% 3.623965% 0.000000%
Class R-I 100.00 0.00005824% 100.00 0.00006031% 0.000000% 0.000000%
Class R-II 100.00 0.00005824% 100.00 0.00006031% 0.000000% 0.000000%
Class R-III 100.00 0.00005824% 100.00 0.00006031% 0.000000% 0.000000%
Class R-IV 100.00 0.00005824% 100.00 0.00006031% 0.000000% 0.000000%
Class P 0.00 0.00000000% 0.00 0.00000000% 0.000060% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed & Mixed ARM
Weighted Average Gross Coupon 9.770135%
Weighted Average Net Coupon 9.479731%
Weighted Average Pass-Through Rate 9.479731%
Weighted Average Maturity(Stepdown Calculation ) 353
Beginning Scheduled Collateral Loan Count 569
Number Of Loans Paid In Full 6
Ending Scheduled Collateral Loan Count 563
Beginning Scheduled Collateral Balance 167,093,473.43
Ending Scheduled Collateral Balance 165,810,108.03
Ending Actual Collateral Balance at 31-May-2000 165,853,836.29
Monthly P &I Constant 1,476,688.35
Ending Scheduled Balance for Premium Loans 165,810,108.03
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized reduction Amount 0.00
Specified O/C Amount 6,008,900.01
Overcollateralized Amount 6,008,900.01
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 0.00
Extra principal distribution Amount 0.00
Excess Cash Amount 221,924.33
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Bankruptcy 5 953,208.51
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2 Total
Collateral Description Mixed Fixed Mixed ARM
Weighted Average Coupon Rate 9.957125 9.752511
Weighted Average Net Rate 9.454125 9.482144
Weighted Average Maturity 333.00 355.00
Beginning Loan Count 86 483 569
Loans Paid In Full 2 4 6
Ending Loan Count 84 479 563
Beginning Scheduled Balance 14,392,398.47 152,701,074.96 167,093,473.43
Ending scheduled Balance 14,246,789.35 151,563,318.68 165,810,108.03
Record Date 05/31/2000 05/31/2000
Principal And Interest Constant 128,665.01 1,348,023.34 1,476,688.35
Scheduled Principal 9,242.58 77,404.83 86,647.41
Unscheduled Principal 136,366.54 1,060,351.45 1,196,717.99
Scheduled Interest 119,422.43 1,270,618.51 1,390,040.94
Servicing Fees 5,996.84 63,625.44 69,622.28
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 35.96 381.76 417.72
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread Fee 1 0.00 0.00 0.00
Spread Fee 2 0.00 0.00 0.00
Spread Fee 3 0.00 0.00 0.00
Net Interest 113,389.63 1,206,611.31 1,320,000.94
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.00 0.00 0.00
</TABLE>
<TABLE>
<CAPTION> Delinquency Status By Groups
<S> <C> <C> <C> <C> <C> <C>
Group 30 Days 60 Days 90 + Days Foreclosure REO Bankruptcy
1 Principal Balance 0.00 0.00 0.00 0.00 0.00 0.00
Percentage Of Balance 0.000% 0.000% 0.000% 0.000% 0.000% 0.000%
Loan Count 0 0 0 0 0 0
Percentage Of Loans 0.000% 0.000% 0.000% 0.000% 0.000% 0.000%
2 Principal Balance 1,805,032.20 2,715,162.78 2,740,226.76 0.00 0.00 0.00
Percentage Of Balance 1.191% 1.791% 1.808% 0.000% 0.000% 0.000%
Loan Count 8 8 10 0 0 0
Percentage Of Loans 1.670% 1.670% 2.088% 0.000% 0.000% 0.000%
Totals:Principal Balance 1,805,032.20 2,715,162.78 2,740,226.76 0.00 0.00 0.00
Percentage of Balance 1.089% 1.638% 1.653% 0.000% 0.000% 0.000%
Loan Count 8 8 10 0 0 0
Percentage Of Loans 1.421% 1.421% 1.776% 0.000% 0.000% 0.000%
</TABLE>
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