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Previous: STRUCTURED ASSET SECURITIES CORP MO PA TH CE SE 2000-BC1, 8-K, 2000-10-06 |
Next: WESTERGAARD COM INC, 10QSB, 2000-10-06 |
<TABLE>
<CAPTION>
Amortizing Residential Collateral Mortgage Trust
Mortgage Pass-Through Certificates
Record Date: 8/31/00
Distribution Date: 9/25/00
ARC Series: 2000-BC1
Contact: Customer Service - CTSLink
Wells Fargo 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-1 863572K85 SEN 6.94000% 811,146,883.70 4,847,503.90 24,150,647.45
A-2 863572K93 SEN 8.05000% 252,689,512.67 1,695,125.48 3,899,048.42
M-1 863572L27 MEZ 7.10000% 40,604,000.00 248,248.34 0.00
M-2 863572L35 MEZ 7.60000% 40,604,000.00 265,730.62 0.00
B 863572L43 SUB 8.87000% 13,534,000.00 103,373.44 0.00
X SAC00BC1X SEN 0.00000% 0.00 0.00 0.00
P SAC00BC1P SEN 0.00000% 0.00 409,316.20 0.00
OC SAC00BCOC SEN 0.00000% 1,294,158.84 0.00 0.00
R-III SAC00B1R3 SEN 0.00000% 0.00 0.00 0.00
R-II SAC00B1R2 SEN 0.00000% 0.00 0.00 0.00
R-I SAC00B1R1 SEN 0.00000% 0.00 0.00 0.00
Totals 1,159,872,555.21 7,569,297.98 28,049,695.87
</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-1 0.00 786,996,236.25 28,998,151.35 0.00
A-2 0.00 248,790,464.25 5,594,173.90 0.00
M-1 0.00 40,604,000.00 248,248.34 0.00
M-2 0.00 40,604,000.00 265,730.62 0.00
B 0.00 13,534,000.00 103,373.44 0.00
X 0.00 0.00 0.00 0.00
P 0.00 0.00 409,316.20 0.00
OC 0.00 2,571,236.54 0.00 0.00
R-III 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00
Totals 0.00 1,133,099,937.04 35,618,993.85 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-1 983,064,000.00 811,146,883.70 538,930.54 23,611,716.91 0.00 0.00
A-2 275,679,000.00 252,689,512.67 235,417.38 3,663,631.04 0.00 0.00
M-1 40,604,000.00 40,604,000.00 0.00 0.00 0.00 0.00
M-2 40,604,000.00 40,604,000.00 0.00 0.00 0.00 0.00
B 13,534,000.00 13,534,000.00 0.00 0.00 0.00 0.00
X 0.00 0.00 0.00 0.00 0.00 0.00
P 0.00 0.00 0.00 0.00 0.00 0.00
OC 647.72 1,294,158.84 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00 0.00
Totals 1,353,485,647.7 1,159,872,555.21 774,347.92 27,275,347.95 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 24,150,647.45 786,996,236.25 0.80055443 24,150,647.45
A-2 3,899,048.42 248,790,464.25 0.90246433 3,899,048.42
M-1 0.00 40,604,000.00 1.00000000 0.00
M-2 0.00 40,604,000.00 1.00000000 0.00
B 0.00 13,534,000.00 1.00000000 0.00
X 0.00 0.00 0.00000000 0.00
P 0.00 0.00 0.00000000 0.00
OC 0.00 2,571,236.54 3,969.67291422 0.00
R-III 0.00 0.00 0.00000000 0.00
R-II 0.00 0.00 0.00000000 0.00
R-I 0.00 0.00 0.00000000 0.00
Totals 28,049,695.87 1,133,099,937.04 0.83717174 28,049,695.87
</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-1 983,064,000.00 825.12113525 0.54821511 24.01849413 0.00000000
A-2 275,679,000.00 916.60776726 0.85395471 13.28948175 0.00000000
M-1 40,604,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 40,604,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B 13,534,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
X 0.00 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00 0.00000000 0.00000000 0.00000000 0.00000000
OC 647.72 1998022.04656333 0.00000000 0.00000000 0.00000000
R-III 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-I 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
All Classes are per $1,000 denomination
</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-1 0.00000000 24.56670924 800.55442601 0.80055443 24.56670924
A-2 0.00000000 14.14343646 902.46433080 0.90246433 14.14343646
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
B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
OC 0.00000000 0.00000000 3,969,672.9142221 3969.67291422 0.00000000
R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-I 0.00000000 0.00000000 0.00000000 0.00000000 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-1 983,064,000.00 6.94000% 811,146,883.70 4,847,503.90 0.00 0.00
A-2 275,679,000.00 8.05000% 252,689,512.67 1,695,125.48 0.00 0.00
M-1 40,604,000.00 7.10000% 40,604,000.00 248,248.34 0.00 0.00
M-2 40,604,000.00 7.60000% 40,604,000.00 265,730.62 0.00 0.00
B 13,534,000.00 8.87000% 13,534,000.00 103,373.44 0.00 0.00
X 0.00 0.00000% 0.00 0.00 0.00 0.00
P 0.00 0.00000% 0.00 0.00 0.00 0.00
OC 647.72 0.00000% 1,294,158.84 0.00 0.00 0.00
R-III 0.00 0.00000% 0.00 0.00 0.00 0.00
R-II 0.00 0.00000% 0.00 0.00 0.00 0.00
R-I 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 1,353,485,647.72 7,159,981.78 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Payment of 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-1 0.00 0.00 4,847,503.90 0.00 786,996,236.25
A-2 0.00 0.00 1,695,125.48 0.00 248,790,464.25
M-1 0.00 0.00 248,248.34 0.00 40,604,000.00
M-2 0.00 0.00 265,730.62 0.00 40,604,000.00
B 0.00 0.00 103,373.44 0.00 13,534,000.00
X 0.00 0.00 0.00 0.00 0.00
P 0.00 0.00 409,316.20 0.00 0.00
OC 0.00 0.00 0.00 0.00 2,571,236.54
R-III 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 7,569,297.98 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-1 983,064,000.00 6.94000% 825.12113525 4.93101558 0.00000000 0.00000000
A-2 275,679,000.00 8.05000% 916.60776726 6.14891044 0.00000000 0.00000000
M-1 40,604,000.00 7.10000% 1000.00000000 6.11388878 0.00000000 0.00000000
M-2 40,604,000.00 7.60000% 1000.00000000 6.54444439 0.00000000 0.00000000
B 13,534,000.00 8.87000% 1000.00000000 7.63805527 0.00000000 0.00000000
X 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
OC 647.72 0.00000% 1998022.04656333 0.00000000 0.00000000 0.00000000
R-III 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-I 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
All Classes are per $1,000 denomination
</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-1 0.00000000 0.00000000 4.93101558 0.00000000 800.55442601
A-2 0.00000000 0.00000000 6.14891044 0.00000000 902.46433080
M-1 0.00000000 0.00000000 6.11388878 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 6.54444439 0.00000000 1000.00000000
B 0.00000000 0.00000000 7.63805527 0.00000000 1000.00000000
X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 1023290500000.00 0.00000000 0.00000000
OC 0.00000000 0.00000000 0.00000000 0.00000000 3969672.91422219
R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<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 Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
<S> <C> <C> <C> <C> <C> <C>
Loss Mitigation 0.01500% 1,159,872,555.21 1,133,099,937.04 0.00 0.00 83.71717417%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 36,402,453.22
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses (1,446.25)
Total Deposits 36,401,006.97
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 782,013.12
Payment of Interest and Principal 35,618,993.85
Total Withdrawals (Pool Distribution Amount) 36,401,006.97
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 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 442,407.08
Trustee Fee - First Union 724.16
PMI Fees 314,949.17
Master Servicing Fee - Wells Fargo Bank, N.A. 9,434.30
Loss Mitigation Fee 14,498.41
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 782,013.12
</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 0.00 0.00 1,000.00
</TABLE>
<TABLE>
<CAPTION> LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<S> <C> <C> <C> <C> <C>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 51 20 0 71
5,157,700.79 3,106,088.75 0.00 8,263,789.54
30 Days 243 8 5 0 256
24,364,414.80 1,468,657.31 674,750.55 0.00 26,507,822.66
60 Days 50 10 53 0 113
5,126,808.92 881,735.00 5,097,236.00 0.00 11,105,779.92
90 Days 29 10 38 0 77
4,222,724.54 557,358.66 4,388,347.32 0.00 9,168,430.52
120 Days 19 12 36 0 67
2,527,481.53 1,172,193.12 3,714,293.42 0.00 7,413,968.07
150 Days 5 5 25 3 38
584,363.79 332,622.62 2,578,668.76 310,859.99 3,806,515.16
180+ Days 9 33 106 18 166
668,605.50 3,193,468.22 12,080,386.36 1,562,135.92 17,504,596.00
Totals 355 129 283 21 788
37,494,399.08 12,763,735.72 31,639,771.16 1,872,995.91 83,770,901.87
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0.551709% 0.216357% 0.000000% 0.768066%
0.454837% 0.273914% 0.000000% 0.728751%
30 Days 2.628732% 0.086543% 0.054089% 0.000000% 2.769364%
2.148600% 0.129515% 0.059504% 0.000000% 2.337619%
60 Days 0.540891% 0.108178% 0.573345% 0.000000% 1.222415%
0.452113% 0.077757% 0.449505% 0.000000% 0.979374%
90 Days 0.313717% 0.108178% 0.411077% 0.000000% 0.832973%
0.372385% 0.049151% 0.386991% 0.000000% 0.808527%
120 Days 0.205539% 0.129814% 0.389442% 0.000000% 0.724794%
0.222888% 0.103371% 0.327549% 0.000000% 0.653808%
150 Days 0.054089% 0.054089% 0.270446% 0.032453% 0.411077%
0.051533% 0.029333% 0.227402% 0.027413% 0.335681%
180+ Days 0.097360% 0.356988% 1.146690% 0.194721% 1.795759%
0.058962% 0.281619% 1.065321% 0.137759% 1.543660%
Totals 3.840329% 1.395500% 3.061445% 0.227174% 8.524448%
3.306481% 1.125583% 2.790185% 0.165172% 7.387421%
</TABLE>
<TABLE> Delinquency Status By Groups
<CAPTION>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<S> <C> <C> <C> <C> <C>
Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 26 19 0 45
3,242,419.66 3,066,626.22 0.00 6,309,045.88
30 Days 194 6 5 0 205
21,042,408.04 1,340,512.66 674,750.55 0.00 23,057,671.25
60 Days 44 6 39 0 89
4,705,362.22 648,806.48 4,157,730.71 0.00 9,511,899.41
90 Days 26 4 28 0 58
4,125,343.70 271,893.77 3,471,646.41 0.00 7,868,883.88
120 Days 19 12 29 0 60
2,527,481.53 1,172,193.12 3,318,004.23 0.00 7,017,678.88
150 Days 5 4 21 3 33
584,363.79 294,241.02 2,317,564.00 310,859.99 3,507,028.80
180 Days 9 29 96 16 150
668,605.50 2,938,939.00 11,090,009.56 1,496,162.40 16,193,716.46
Totals 297 87 237 19 640
33,653,564.78 9,909,005.71 28,096,331.68 1,807,022.39 73,465,924.56
0-29 Days 0.428054% 0.312809% 0.000000% 0.740863%
0.375454% 0.355098% 0.000000% 0.730553%
30 Days 3.193941% 0.098782% 0.082318% 0.000000% 3.375041%
2.436595% 0.155224% 0.078132% 0.000000% 2.669951%
60 Days 0.724399% 0.098782% 0.642081% 0.000000% 1.465262%
0.544855% 0.075128% 0.481442% 0.000000% 1.101425%
90 Days 0.428054% 0.065854% 0.460981% 0.000000% 0.954890%
0.477692% 0.031484% 0.401998% 0.000000% 0.911173%
120 Days 0.312809% 0.197563% 0.477445% 0.000000% 0.987817%
0.292668% 0.135733% 0.384207% 0.000000% 0.812608%
150 Days 0.082318% 0.065854% 0.345736% 0.049391% 0.543299%
0.067666% 0.034071% 0.268361% 0.035996% 0.406095%
180 Days 0.148173% 0.477445% 1.580507% 0.263418% 2.469542%
0.077421% 0.340313% 1.284162% 0.173247% 1.875143%
Totals 4.889694% 1.432335% 3.901877% 0.312809% 10.536714%
3.896897% 1.147408% 3.253400% 0.209243% 8.506949%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<S> <C> <C> <C> <C> <C>
Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 25 1 0 26
1,915,281.13 39,462.53 0.00 1,954,743.66
30 Days 49 2 0 0 51
3,322,006.76 128,144.65 0.00 0.00 3,450,151.41
60 Days 6 4 14 0 24
421,446.70 232,928.52 939,505.29 0.00 1,593,880.51
90 Days 3 6 10 0 19
97,380.84 285,464.89 916,700.91 0.00 1,299,546.64
120 Days 0 0 7 0 7
0.00 0.00 396,289.19 0.00 396,289.19
150 Days 0 1 4 0 5
0.00 38,381.60 261,104.76 0.00 299,486.36
180 Days 0 4 10 2 16
0.00 254,529.22 990,376.80 65,973.52 1,310,879.54
Totals 58 42 46 2 148
3,840,834.30 2,854,730.01 3,543,439.48 65,973.52 10,304,977.31
0-29 Days 0.788644% 0.031546% 0.000000% 0.820189%
0.708398% 0.014596% 0.000000% 0.722994%
30 Days 1.545741% 0.063091% 0.000000% 0.000000% 1.608833%
1.228699% 0.047396% 0.000000% 0.000000% 1.276095%
60 Days 0.189274% 0.126183% 0.441640% 0.000000% 0.757098%
0.155879% 0.086152% 0.347492% 0.000000% 0.589523%
90 Days 0.094637% 0.189274% 0.315457% 0.000000% 0.599369%
0.036018% 0.105584% 0.339057% 0.000000% 0.480659%
120 Days 0.000000% 0.000000% 0.220820% 0.000000% 0.220820%
0.000000% 0.000000% 0.146574% 0.000000% 0.146574%
150 Days 0.000000% 0.031546% 0.126183% 0.000000% 0.157729%
0.000000% 0.014196% 0.096574% 0.000000% 0.110770%
180 Days 0.000000% 0.126183% 0.315457% 0.063091% 0.504732%
0.000000% 0.094142% 0.366307% 0.024401% 0.484850%
Totals 1.829653% 1.324921% 1.451104% 0.063091% 4.668770%
1.420596% 1.055869% 1.310600% 0.024401% 3.811466%
<FN>
(7) Delinquencies are stratified according to the information the Servicer has
provided.
</FN>
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 63,839.01
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 0.00
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description 6 Month LIBOR ARM
Weighted Average Gross Coupon 9.585931%
Weighted Average Net Coupon 9.081335%
Weighted Average Pass-Through Rate 8.744740%
Weighted Average Maturity(Stepdown Calculation ) 319
Beginning Scheduled Collateral Loan Count 9,448
Number Of Loans Paid In Full 204
Ending Scheduled Collateral Loan Count 9,244
Beginning Scheduled Collateral Balance 1,159,872,555.21
Ending Scheduled Collateral Balance 1,133,099,937.04
Ending Actual Collateral Balance at 31-Aug-2000 1,133,966,832.88
Monthly P &I Constant 10,039,730.04
Ending Scheduled Balance for Premium Loans 1,118,060,118.41
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized reduction Amount 0.00
Specified O/C Amount 6,767,428.24
Overcollateralized Amount 2,571,236.54
Overcollateralized Deficiency Amount 5,474,715.65
Base Overcollateralized Amount 0.00
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
PMI Claims Filed $0.00
PMI Claims Paid $0.00
PMI Claims Denied $0.00
Current Period Realized Losses - Includes $1,446.25
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2 Total
Collateral Description Mixed ARM Mixed ARM
Weighted Average Coupon Rate 9.646601 9.389536
Weighted Average Net Rate 8.741362 8.755670
Weighted Average Maturity 331.00 274.00
Beginning Loan Count 6,236 3,212 9,448
Loans Paid In Full 162 42 204
Ending Loan Count 6,074 3,170 9,244
Beginning Scheduled Balance 886,130,295.85 273,742,259.36 1,159,872,555.21
Ending scheduled Balance 862,949,729.62 270,150,207.42 1,133,099,937.04
Record Date 8/31/00 8/31/00
Principal And Interest Constant 7,662,385.40 2,377,344.64 10,039,730.04
Scheduled Principal 538,930.54 235,417.38 774,347.92
Unscheduled Principal 22,641,635.69 3,356,634.56 25,998,270.25
Scheduled Interest 7,123,454.86 2,141,927.26 9,265,382.12
Servicing Fees 397,643.89 90,079.73 487,723.62
Master Servicing Fees 7,384.43 2,281.18 9,665.61
Trustee Fee 553.76 171.07 724.83
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 3 262,884.38 52,064.59 314,948.97
Net Interest 6,454,988.40 1,997,330.69 8,452,319.09
Realized Loss Amount 1,348.07 98.18 1,446.25
Cumulative Realized Loss 15,330.53 48,508.48 63,839.01
Percentage of Cumulative Losses 0.00 0.00 0.00
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