STRUCTURED ASSET SECURITIES CORP MO PA TH CE SE 2000-BC1
8-K, EX-99.1, 2000-09-08
ASSET-BACKED SECURITIES
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<TABLE>
<CAPTION>
Amortizing Residential Collateral Mortgage Trus
Mortgage Pass-Through Certificates



Record Date:            07/31/2000
Distribution Date:      08/25/2000


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%    836,418,134.47    4,998,527.71   25,271,250.77
    A-2        863572K93         SEN          8.05000%    256,414,798.87    1,720,115.94    3,725,286.20
    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      567,664.20            0.00
     OC        SAC00BCOC         SEN          0.00000%            647.72            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                                                   1,187,575,581.0    7,903,660.25   28,996,536.97
</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         811,146,883.70            30,269,778.48                      0.00
A-2                            0.00         252,689,512.67             5,445,402.14                      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               567,664.20                      0.00
OC                             0.00           1,294,158.84                     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       1,159,872,555.21            36,900,197.22                      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     836,418,134.47         548,120.23   24,723,130.54           0.00            0.00
A-2                 275,679,000.00     256,414,798.87         235,528.43    3,489,757.77           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             647.72               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   1,187,575,581.06         783,648.66   28,212,888.31           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                          25,271,250.77        811,146,883.70           0.82512114     25,271,250.77
A-2                           3,725,286.20        252,689,512.67           0.91660777      3,725,286.20
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          1,294,158.84       1,998.02204656              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                       28,996,536.97      1,159,872,555.21           0.85695224     28,996,536.97

</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        850.82775330         0.55756312         25.14905493        0.00000000
A-2                   275,679,000.00        930.12089738         0.85435753         12.65877259        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       1000.00000000         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         25.70661805            825.12113525          0.82512114        25.70661805
A-2                     0.00000000         13.51313013            916.60776726          0.91660777        13.51313013
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       1,998,022.0465633       1998.02204656         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%     836,418,134.47        4,998,527.71           0.00             0.00
A-2               275,679,000.00        8.05000%     256,414,798.87        1,720,115.94           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%             647.72                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                                           7,335,996.05           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-1                            0.00                0.00         4,998,527.71                0.00     811,146,883.70
 A-2                            0.00                0.00         1,720,115.94                0.00     252,689,512.67
 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           567,664.20                0.00               0.00
 OC                             0.00                0.00                 0.00                0.00       1,294,158.84
 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         7,903,660.25                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%         850.82775330        5.08464119        0.00000000        0.00000000
A-2                 275,679,000.00        8.05000%         930.12089738        6.23956101        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%        1000.00000000        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         5.08464119          0.00000000          825.12113525
A-2                   0.00000000        0.00000000         6.23956101          0.00000000          916.60776726
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   1419160500000.00          0.00000000            0.00000000
OC                    0.00000000        0.00000000         0.00000000          0.00000000      1998022.04656333
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
                           Rate          Balance            Balance          Balance            Balance       Percentage


Class


<S>                  <C>          <C>                <C>                          <C>                <C>      <C>
Loss Mitigation      0.01500%     1,187,575,581.06   1,159,872,555.21             0.00               0.00     85.69522382%
</TABLE>
<TABLE>
<CAPTION>
                                             CERTIFICATEHOLDER ACCOUNT STATEMENT
                                                      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                        0.00
Deposits
    Payments of Interest and Principal                                                          37,715,572.41
    Liquidations, Insurance Proceeds, Reserve Funds                                                      0.00
    Proceeds from Repurchased Loans                                                                      0.00
    Other Amounts (Servicer Advances)                                                                    0.00
    Realized Losses                                                                               (13,608.51)
Total Deposits                                                                                  37,701,963.90

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                         801,766.68
    Payment of Interest and Principal                                                           36,900,197.22
Total Withdrawals (Pool Distribution Amount)                                                    37,701,963.90

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                                                                                453,040.09
Trustee Fee - First Union                                                                              741.58
PMI Fees                                                                                           323,596.06
Master Servicing Fee - Wells Fargo Bank, N.A.                                                        9,544.26
Loss Mitigation Fee                                                                                 14,844.69
Supported Prepayment/Curtailment Interest Shortfall                                                      0.00
Net Servicing Fee                                                                                  801,766.68


</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>                                                    CERTIFICATEHOLDER DELINQUENCY/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
30 Days   242                   35                     6                      0                      283
          24,561,932.08         3,038,734.00           1,287,100.45           0.00                   28,887,766.53

60 Days   70                    9                      31                     0                      110
          8,815,479.69          905,669.89             3,107,399.92           0.00                   12,828,549.50

90 Days   14                    11                     52                     0                      77
          1,682,976.54          995,323.66             5,887,441.68           0.00                   8,565,741.88

120 Days  9                     3                      33                     2                      47
          785,510.37            271,828.99             3,433,942.27           254,113.76             4,745,395.39

150 Days  3                     18                     58                     7                      86
          227,739.49            1,753,567.52           7,845,981.51           517,509.46             10,344,797.98

180 Days  4                     17                     72                     5                      98
          336,149.04            1,640,805.09           7,018,516.76           332,599.85             9,328,070.74

Totals    342                   93                     252                    14                     701
          36,409,787.21         8,605,929.15           28,580,382.59          1,104,223.07           74,700,322.02


          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
30 Days   2.561389%             0.370449%              0.063506%              0.000000%              2.995343%
          2.116088%             0.261796%              0.110888%              0.000000%              2.488772%

60 Days   0.740898%             0.095258%              0.328112%              0.000000%              1.164268%
          0.759481%             0.078026%              0.267712%              0.000000%              1.105220%

90 Days   0.148180%             0.116427%              0.550381%              0.000000%              0.814987%
          0.144994%             0.085750%              0.507222%              0.000000%              0.737966%

120 Days  0.095258%             0.031753%              0.349280%              0.021169%              0.497460%
          0.067674%             0.023419%              0.295845%              0.021893%              0.408831%

150 Days  0.031753%             0.190517%              0.613887%              0.074090%              0.910246%
          0.019620%             0.151075%              0.675956%              0.044585%              0.891237%

180 Days  0.042337%             0.179932%              0.762066%              0.052921%              1.037257%
          0.028960%             0.141361%              0.604667%              0.028655%              0.803643%

Totals    3.619814%             0.984335%              2.667231%              0.148180%              7.419560%
          3.136818%             0.741428%              2.462290%              0.095132%              6.435668%

</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

30 Days    199                   8                    5                     0                    212
           21,716,193.76         888,186.22           1,070,995.69          0.00                 23,675,375.67

60 Days    56                    6                    26                    0                    88
           7,638,048.03          731,868.00           2,751,054.25          0.00                 11,120,970.28

90 Days    13                    9                    45                    0                    67
           1,637,780.51          905,391.57           5,557,947.59          0.00                 8,101,119.67

120 Days   9                     2                    27                    2                    40
           785,510.37            228,419.01           3,052,132.31          254,113.76           4,320,175.45

150 Days   3                     16                   55                    7                    81
           227,739.49            1,669,728.91         7,565,844.14          517,509.46           9,980,822.00

180 Days   4                     14                   63                    4                    85
           336,149.04            1,431,717.61         6,246,694.86          296,626.33           8,311,187.84

Totals     284                   55                   221                   13                   573
           32,341,421.20         5,855,311.32         26,244,668.84         1,068,249.55         65,509,650.91



30 Days    3.191148%             0.128287%            0.080180%             0.000000%            3.399615%
           2.448914%             0.100160%            0.120775%             0.000000%            2.669849%

60 Days    0.898012%             0.096216%            0.416934%             0.000000%            1.411161%
           0.861335%             0.082532%            0.310234%             0.000000%            1.254101%

90 Days    0.208467%             0.144323%            0.721616%             0.000000%            1.074407%
           0.184691%             0.102100%            0.626764%             0.000000%            0.913555%

120 Days   0.144323%             0.032072%            0.432970%             0.032072%            0.641437%
           0.088581%             0.025759%            0.344186%             0.028656%            0.487182%

150 Days   0.048108%             0.256575%            0.881976%             0.112251%            1.298910%
           0.025682%             0.188294%            0.853193%             0.058359%            1.125528%

180 Days   0.064144%             0.224503%            1.010263%             0.064144%            1.363053%
           0.037907%             0.161453%            0.704434%             0.033450%            0.937245%

Totals     4.554201%             0.881976%            3.543938%             0.208467%            9.188582%
           3.647111%             0.660298%            2.959586%             0.120465%            7.387460%



           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

30 Days    43                    27                   1                     0                    71
           2,845,738.32          2,150,547.78         216,104.76            0.00                 5,212,390.86

60 Days    14                    3                    5                     0                    22
           1,177,431.66          173,801.89           356,345.67            0.00                 1,707,579.22

90 Days    1                     2                    7                     0                    10
           45,196.03             89,932.09            329,494.09            0.00                 464,622.21

120 Days   0                     1                    6                     0                    7
           0.00                  43,409.98            381,809.96            0.00                 425,219.94

150 Days   0                     2                    3                     0                    5
           0.00                  83,838.61            280,137.37            0.00                 363,975.98

180 Days   0                     3                    9                     1                    13
           0.00                  209,087.48           771,821.90            35,973.52            1,016,882.90

Totals     58                    38                   31                    1                    128
           4,068,366.01          2,750,617.83         2,335,713.75          35,973.52            9,190,671.11



30 Days    1.338730%             0.840598%            0.031133%             0.000000%            2.210461%
           1.038760%             0.784999%            0.078883%             0.000000%            1.902642%

60 Days    0.435866%             0.093400%            0.155666%             0.000000%            0.684932%
           0.429789%             0.063442%            0.130074%             0.000000%            0.623305%

90 Days    0.031133%             0.062267%            0.217933%             0.000000%            0.311333%
           0.016498%             0.032827%            0.120273%             0.000000%            0.169598%

120 Days   0.000000%             0.031133%            0.186800%             0.000000%            0.217933%
           0.000000%             0.015846%            0.139369%             0.000000%            0.155215%

150 Days   0.000000%             0.062267%            0.093400%             0.000000%            0.155666%
           0.000000%             0.030603%            0.102257%             0.000000%            0.132860%

180 Days   0.000000%             0.093400%            0.280199%             0.031133%            0.404732%
           0.000000%             0.076322%            0.281733%             0.013131%            0.371186%

Totals     1.805729%             1.183064%            0.965131%             0.031133%            3.985056%
           1.485047%             1.004038%            0.852589%             0.013131%            3.354805%
<FN>
 (7) Delinquencies are stratified according to the information the Servicer has provider.
</FN>

</TABLE>
<TABLE>
<CAPTION>

                                                       OTHER INFORMATION

<S>                                                                             <C>
Current Period Realized Loss - Includes Interest Shortfall                                           0.00
Cumulative Realized Losses - Includes Interest Shortfall                                        62,392.76
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                                         9.590536%
 Weighted Average Net Coupon                                           9.086270%
 Weighted Average Pass-Through Rate                                    8.748540%
 Weighted Average Maturity(Stepdown Calculation )                            320
 Beginning Scheduled Collateral Loan Count                                 9,644

 Number Of Loans Paid In Full                                                196
 Ending Scheduled Collateral Loan Count                                    9,448
 Beginning Scheduled Collateral Balance                         1,187,575,581.06
 Ending Scheduled Collateral Balance                            1,159,872,555.21
 Ending Actual Collateral Balance at 31-Jul-2000                1,160,723,715.27
 Monthly P &I Constant                                             10,391,423.81
 Ending Scheduled Balance for Premium Loans                     1,144,756,678.11

 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                                          1,294,158.84
 Overcollateralized Deficiency Amount                               5,473,269.40
 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                         $13,608.51
</TABLE>
 <TABLE>
 <CAPTION>
                                      Group Level Collateral Statement
 <S>                                                                <C>
 Group ID                                                                     1                         2                   Total
 Collateral Description                                               Mixed ARM                 Mixed ARM
 Weighted Average Coupon Rate                                          9.649552                  9.396683
 Weighted Average Net Rate                                             8.804910                  8.762553
 Weighted Average Maturity                                               332.00                    275.00
 Beginning Loan Count                                                     6,393                     3,251                   9,644
 Loans Paid In Full                                                         157                        39                     196
 Ending Loan Count                                                        6,236                     3,212                   9,448
 Beginning Scheduled Balance                                     910,411,536.05            277,164,045.01        1,187,575,581.06
 Ending scheduled Balance                                        886,130,295.85            273,742,259.36        1,159,872,555.21
 Record Date                                                         07/31/2000                07/31/2000
 Principal And Interest Constant                                   7,985,543.07              2,405,880.74           10,391,423.81
 Scheduled Principal                                                 548,120.23                235,528.43              783,648.66
 Unscheduled Principal                                            23,733,119.97              3,186,257.22           26,919,377.19
 Scheduled Interest                                                7,320,886.26              2,170,352.31            9,491,238.57


 Servicing Fees                                                      361,841.77                 91,198.63              453,040.40
 Master Servicing Fees                                                 7,586.75                  2,309.70                9,896.45
 Trustee Fee                                                             568.92                    173.23                  742.15
 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                                                        270,812.67                 52,783.59              323,596.26
 Net Interest                                                      6,680,076.15              2,023,887.16            8,703,963.31
 Realized Loss Amount                                                 13,213.98                    394.53               13,608.51
 Cumulative Realized Loss                                             13,982.46                 48,410.30               62,392.76
 Percentage of Cumulative Losses                                           0.00                      0.00                    0.00




 </TABLE>



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