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Previous: STRUCTURED ASSET SECURITIES CORP MO PA TH CE SE 2000-BC1, 8-K, 2000-12-11 |
Next: FIRST HORIZON PHARMACEUTICAL CORP, 4, 2000-12-11 |
<TABLE>
<CAPTION>
Amortizing Residential Collateral Mortgage Trust
Mortgage Pass-Through Certificates
Record Date: 10/31/00
Distribution Date: 11/27/00
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% 764,941,661.09 4,866,303.87 23,251,474.86
A-2 863572K93 SEN 8.05000% 245,453,983.92 1,646,587.14 4,200,562.69
M-1 863572L27 MEZ 7.10000% 40,604,000.00 264,264.37 0.00
M-2 863572L35 MEZ 7.60000% 40,604,000.00 282,874.53 0.00
B 863572L43 SUB 8.87000% 13,534,000.00 110,042.70 0.00
X SAC00BC1X SEN 0.00000% 0.00 0.00 0.00
P SAC00BC1P SEN 0.00000% 0.00 316,829.57 0.00
OC SAC00BCOC SEN 0.00000% 3,901,146.11 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 1,109,038,791.12 7,486,902.18 27,452,037.55
</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 0.00 741,690,186.23 28,117,778.73 0.00
A-2 0.00 241,253,421.23 5,847,149.83 0.00
M-1 0.00 40,604,000.00 264,264.37 0.00
M-2 0.00 40,604,000.00 282,874.53 0.00
B 0.00 13,534,000.00 110,042.70 0.00
X 0.00 0.00 0.00 0.00
P 0.00 0.00 316,829.57 0.00
OC 0.00 4,766,560.21 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 1,082,452,167.67 34,938,939.73 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-1 983,064,000.00 764,941,661.09 524,071.16 22,727,403.70 0.00 0.00
A-2 275,679,000.00 245,453,983.92 234,450.81 3,966,111.88 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 3,901,146.11 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 1,353,485,647.72 1,109,038,791.12 758,521.97 26,693,515.58 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 23,251,474.86 741,690,186.23 0.75446785 23,251,474.86
A-2 4,200,562.69 241,253,421.23 0.87512441 4,200,562.69
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 4,766,560.21 7,358.98260051 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 27,452,037.55 1,082,452,167.67 0.79975149 27,452,037.55
</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-1 983,064,000.00 778.11989971 0.53309974 23.11894617 0.00000000
A-2 275,679,000.00 890.36155790 0.85044857 14.38670294 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 6022889.68998950 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 23.65204591 754.46785380 0.75446785 23.65204591
A-2 0.00000000 15.23715151 875.12440639 0.87512441 15.23715151
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 7,358,982.6005063 7358.98260051 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% 764,941,661.09 4,866,303.87 0.00 0.00
A-2 275,679,000.00 8.05000% 245,453,983.92 1,646,587.14 0.00 0.00
M-1 40,604,000.00 7.10000% 40,604,000.00 264,264.37 0.00 0.00
M-2 40,604,000.00 7.60000% 40,604,000.00 282,874.53 0.00 0.00
B 13,534,000.00 8.87000% 13,534,000.00 110,042.70 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% 3,901,146.11 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 7,170,072.61 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 4,866,303.87 0.00 741,690,186.23
A-2 0.00 0.00 1,646,587.14 0.00 241,253,421.23
M-1 0.00 0.00 264,264.37 0.00 40,604,000.00
M-2 0.00 0.00 282,874.53 0.00 40,604,000.00
B 0.00 0.00 110,042.70 0.00 13,534,000.00
X 0.00 0.00 0.00 0.00 0.00
P 0.00 0.00 316,829.57 0.00 0.00
OC 0.00 0.00 0.00 0.00 4,766,560.21
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 7,486,902.18 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% 778.11989971 4.95013943 0.00000000 0.00000000
A-2 275,679,000.00 8.05000% 890.36155790 5.97284211 0.00000000 0.00000000
M-1 40,604,000.00 7.10000% 1000.00000000 6.50833342 0.00000000 0.00000000
M-2 40,604,000.00 7.60000% 1000.00000000 6.96666658 0.00000000 0.00000000
B 13,534,000.00 8.87000% 1000.00000000 8.13083346 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% 6022889.68998950 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 4.95013943 0.00000000 754.46785380
A-2 0.00000000 0.00000000 5.97284211 0.00000000 875.12440639
M-1 0.00000000 0.00000000 6.50833342 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 6.96666658 0.00000000 1000.00000000
B 0.00000000 0.00000000 8.13083346 0.00000000 1000.00000000
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 0.00000000 0.00000000 7358982.60050639
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% 1,109,038,791.12 1,082,452,167.66 0.00 0.00 79.97514931%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 35,756,418.56
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses (26,876.42)
Total Deposits 35,729,542.14
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 790,602.41
Payment of Interest and Principal 34,938,939.73
Total Withdrawals (Pool Distribution Amount) 35,729,542.14
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 466,188.31
Trustee Fee - First Union 692.42
PMI Fees 300,777.72
Master Servicing Fee - Wells Fargo Bank, N.A. 9,080.98
Loss Mitigation Fee 13,862.98
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 790,602.41
</TABLE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<S> <C> <C> <C> <C>
Reserve Fund 0.00 0.00 0.00 0.00
</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 54 26 0 80
5,142,599.72 2,728,349.63 0.00 7,870,949.35
30 Days 212 7 3 0 222
25,212,877.09 1,164,793.65 214,091.65 0.00 26,591,762.39
60 Days 49 10 59 0 118
4,847,498.59 1,088,541.98 5,677,155.02 0.00 11,613,195.59
90 Days 18 20 68 0 106
2,560,940.85 1,715,924.92 6,590,263.37 0.00 10,867,129.14
120 Days 9 22 53 0 84
867,243.78 2,170,612.97 5,434,977.20 0.00 8,472,833.95
150 Days 10 8 36 2 56
1,445,737.65 666,283.90 3,924,021.61 112,190.04 6,148,233.20
180+ Days 17 43 137 23 220
2,303,820.38 4,606,293.26 14,677,671.30 1,971,623.97 23,559,408.91
Totals 315 164 382 25 886
37,238,118.34 16,555,050.40 39,246,529.78 2,083,814.01 95,123,512.53
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 0.608108% 0.292793% 0.000000% 0.900901%
0.474690% 0.251842% 0.000000% 0.726532%
30 Days 2.387387% 0.078829% 0.033784% 0.000000% 2.500000%
2.327286% 0.107517% 0.019762% 0.000000% 2.454565%
60 Days 0.551802% 0.112613% 0.664414% 0.000000% 1.328829%
0.447451% 0.100478% 0.524032% 0.000000% 1.071961%
90 Days 0.202703% 0.225225% 0.765766% 0.000000% 1.193694%
0.236389% 0.158389% 0.608317% 0.000000% 1.003095%
120 Days 0.101351% 0.247748% 0.596847% 0.000000% 0.945946%
0.080051% 0.200359% 0.501678% 0.000000% 0.782089%
150 Days 0.112613% 0.090090% 0.405405% 0.022523% 0.630631%
0.133449% 0.061502% 0.362209% 0.010356% 0.567515%
180+ Days 0.191441% 0.484234% 1.542793% 0.259009% 2.477477%
0.212655% 0.425186% 1.354829% 0.181992% 2.174662%
Totals 3.547297% 1.846847% 4.301802% 0.281532% 9.977477%
3.437282% 1.528122% 3.622669% 0.192347% 8.780420%
</TABLE>
<TABLE>
<CAPTION>
Delinquency Status By Groups
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 30 19 0 49
3,311,612.91 2,166,748.21 0.00 5,478,361.12
30 Days 179 6 2 0 187
22,948,479.28 1,071,757.94 150,698.66 0.00 24,170,935.88
60 Days 39 6 49 0 94
4,111,662.75 895,717.11 5,057,590.15 0.00 10,064,970.01
90 Days 18 13 51 0 82
2,560,940.85 1,248,358.70 5,442,889.73 0.00 9,252,189.28
120 Days 9 15 44 0 68
867,243.78 1,682,232.09 4,842,047.26 0.00 7,391,523.13
150 Days 9 6 25 1 41
1,420,856.34 565,962.01 2,986,589.24 60,576.47 5,033,984.06
180 Days 17 38 122 21 198
2,303,820.38 4,303,255.77 13,405,242.99 1,908,995.72 21,921,314.86
Totals 271 114 312 22 719
34,213,003.38 13,078,896.53 34,051,806.24 1,969,572.19 83,313,278.34
0-29 Days 0.518403% 0.328322% 0.000000% 0.846725%
0.403893% 0.264262% 0.000000% 0.668155%
30 Days 3.093140% 0.103681% 0.034560% 0.000000% 3.231381%
2.798857% 0.130714% 0.018380% 0.000000% 2.947951%
60 Days 0.673924% 0.103681% 0.846725% 0.000000% 1.624330%
0.501469% 0.109244% 0.616837% 0.000000% 1.227550%
90 Days 0.311042% 0.224641% 0.881286% 0.000000% 1.416969%
0.312339% 0.152253% 0.663829% 0.000000% 1.128421%
120 Days 0.155521% 0.259202% 0.760325% 0.000000% 1.175048%
0.105771% 0.205169% 0.590549% 0.000000% 0.901490%
150 Days 0.155521% 0.103681% 0.432003% 0.017280% 0.708485%
0.173291% 0.069026% 0.364252% 0.007388% 0.613958%
180 Days 0.293762% 0.656644% 2.108173% 0.362882% 3.421462%
0.280980% 0.524836% 1.634939% 0.232826% 2.673581%
Totals 4.682910% 1.969933% 5.391395% 0.380162% 12.424400%
4.172708% 1.595137% 4.153048% 0.240214% 10.161107%
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 24 7 0 31
1,830,986.81 561,601.42 0.00 2,392,588.23
30 Days 33 1 1 0 35
2,264,397.81 93,035.71 63,392.99 0.00 2,420,826.51
60 Days 10 4 10 0 24
735,835.84 192,824.87 619,564.87 0.00 1,548,225.58
90 Days 0 7 17 0 24
0.00 467,566.22 1,147,373.64 0.00 1,614,939.86
120 Days 0 7 9 0 16
0.00 488,380.88 592,929.94 0.00 1,081,310.82
150 Days 1 2 11 1 15
24,881.31 100,321.89 937,432.37 51,613.57 1,114,249.14
180 Days 0 5 15 2 22
0.00 303,037.49 1,272,428.31 62,628.25 1,638,094.05
Totals 44 50 70 3 167
3,025,114.96 3,476,153.87 5,194,723.54 114,241.82 11,810,234.19
0-29 Days 0.775946% 0.226317% 0.000000% 1.002263%
0.695040% 0.213183% 0.000000% 0.908223%
30 Days 1.066925% 0.032331% 0.032331% 0.000000% 1.131587%
0.859562% 0.035316% 0.024064% 0.000000% 0.918942%
60 Days 0.323311% 0.129324% 0.323311% 0.000000% 0.775946%
0.279322% 0.073196% 0.235186% 0.000000% 0.587704%
90 Days 0.000000% 0.226317% 0.549628% 0.000000% 0.775946%
0.000000% 0.177487% 0.435541% 0.000000% 0.613029%
120 Days 0.000000% 0.226317% 0.290980% 0.000000% 0.517297%
0.000000% 0.185389% 0.225075% 0.000000% 0.410464%
150 Days 0.032331% 0.064662% 0.355642% 0.032331% 0.484966%
0.009445% 0.038082% 0.355848% 0.019592% 0.422967%
180 Days 0.000000% 0.161655% 0.484966% 0.064662% 0.711284%
0.000000% 0.115033% 0.483012% 0.023774% 0.621818%
Totals 1.422567% 1.616554% 2.263175% 0.096993% 5.399289%
1.148329% 1.319542% 1.971909% 0.043366% 4.483146%
<FN>
(7) Deliquencies 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 184,011.24
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 9.582932%
Weighted Average Net Coupon 9.078508%
Weighted Average Pass-Through Rate 8.742311%
Weighted Average Maturity (Stepdown Calculation) 317
Beginning Scheduled Collateral Loan Count 9,082
Number Of Loans Paid In Full 202
Ending Scheduled Collateral Loan Count 8,880
Beginning Scheduled Collateral Balance 1,109,038,791.12
Ending Scheduled Collateral Balance 1,082,452,167.66
Ending Actual Collateral Balance at 31-Oct-2000 1,083,359,537.40
Monthly P &I Constant 9,611,648.69
Ending Scheduled Balance for Premium Loans 1,068,201,282.21
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 4,810,747.53
Overcollateralized Deficiency Amount 2,893,158.55
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 Interest Shortfall $26,876.42
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2 Total
Collateral Description Mixed ARM Mixed ARM
Weighted Average Coupon Rate 9.641460 9.383170
Weighted Average Net Rate 8.797577 8.748086
Weighted Average Maturity 329.00 272.00
Record Date 10/31/00 10/31/00
Principal And Interest Constant 7,288,303.00 2,323,345.69 9,611,648.69
Beginning Loan Count 5,946 3,136 9,082
Loans Paid In Full 159 43 202
Ending Loan Count 5,787 3,093 8,880
Beginning Scheduled Balance 841,893,053.34 267,145,737.78 1,109,038,791.12
Ending Scheduled Balance 819,244,313.97 263,207,853.69 1,082,452,167.66
Scheduled Principal 524,071.16 234,450.81 758,521.97
Unscheduled Principal 22,124,668.21 3,703,433.28 25,828,101.49
Scheduled Interest 6,764,231.84 2,088,894.88 8,853,126.72
Servicing Fees 334,732.98 87,987.33 422,720.31
Master Servicing Fees 7,015.77 2,226.20 9,241.97
Trustee Fee 526.16 166.94 693.10
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 3 249,774.69 51,002.87 300,777.56
Net Interest 6,172,182.24 1,947,511.54 8,119,693.78
Realized Loss Amount 72,792.15 (45,915.73) 26,876.42
Cumulative Realized Loss 167,691.91 16,319.33 184,011.24
Percentage of Cumulative Losses 0.00 0.00 0.00
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