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Previous: STRUCTURED ASSET SECURITIES CORP MO PA TH CE SE 2000-BC1, 8-K, 2000-06-08 |
Next: MCADAM GARY J, SC 13D, 2000-06-08 |
<TABLE>
<CAPTION>
Amortizing Residential Collateral Mortgage Trust
Mortgage Pass-Through Certificates
Record Date: 4/30/2000
Distribution Date: 5/25/2000
ARC Series: 2000-BC1
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-1 863572K85 SEN 6.46500% 924,650,144.38 4,981,552.65 27,390,700.47
A-2 863572K93 SEN 8.05000% 267,063,543.47 1,791,551.27 3,360,741.95
M-1 863572L27 MEZ 6.62500% 40,604,000.00 224,167.92 0.00
M-2 863572L35 MEZ 7.12500% 40,604,000.00 241,086.25 0.00
B 863572L43 SUB 8.39500% 13,534,000.00 94,681.61 0.00
X SAC00BC1X SEN 0.00000% 0.00 1,970,652.61 0.00
P SAC00BC1P SEN 0.00000% 0.00 231,350.22 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 1,286,456,335.5 9,535,042.53 30,751,442.42
</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 0.00 897,259,443.91 32,372,253.12 0.00
A-2 0.00 263,702,801.52 5,152,293.22 0.00
M-1 0.00 40,604,000.00 224,167.92 0.00
M-2 0.00 40,604,000.00 241,086.25 0.00
B 0.00 13,534,000.00 94,681.61 0.00
X 0.00 0.00 1,970,652.61 0.00
P 0.00 0.00 231,350.22 0.00
OC 0.00 647.72 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 1,255,704,893.15 40,286,484.95 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-1 983,064,000.00 924,650,144.38 590,225.45 26,800,475.02 0.00 0.00
A-2 275,679,000.00 267,063,543.47 236,666.44 3,124,075.51 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 1,286,456,335.57 826,891.89 29,924,550.53 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 27,390,700.47 897,259,443.91 0.91271722 27,390,700.47
A-2 3,360,741.95 263,702,801.52 0.95655745 3,360,741.95
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 0.00 647.72 1.00000000 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 30,751,442.42 1,255,704,893.15 0.92775634 30,751,442.42
</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-1 983,064,000.00 940.57980394 0.60039372 27.26218743 0.00000000
A-2 275,679,000.00 968.74823062 0.85848556 11.33229412 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 27.86258114 912.71722280 0.91271722 27.86258114
A-2 0.00000000 12.19077967 956.55745095 0.95655745 12.19077967
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 1,000.00000000 1.00000000 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 6.46500% 924,650,144.38 4,981,552.65 0.00 0.00
A-2 275,679,000.00 8.05000% 267,063,543.47 1,791,551.27 0.00 0.00
M-1 40,604,000.00 6.62500% 40,604,000.00 224,167.92 0.00 0.00
M-2 40,604,000.00 7.12500% 40,604,000.00 241,086.25 0.00 0.00
B 13,534,000.00 8.39500% 13,534,000.00 94,681.61 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 1,353,485,647.7 7,333,039.70 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 4,981,552.65 0.00 897,259,443.91
A-2 0.00 0.00 1,791,551.27 0.00 263,702,801.52
M-1 0.00 0.00 224,167.92 0.00 40,604,000.00
M-2 0.00 0.00 241,086.25 0.00 40,604,000.00
B 0.00 0.00 94,681.61 0.00 13,534,000.00
X 0.00 0.00 1,970,652.61 0.00 0.00
P 0.00 0.00 231,350.22 0.00 0.00
OC 0.00 0.00 0.00 0.00 647.72
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 9,535,042.53 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 6.46500% 940.57980394 5.06737369 0.00000000 0.00000000
A-2 275,679,000.00 8.05000% 968.74823062 6.49868604 0.00000000 0.00000000
M-1 40,604,000.00 6.62500% 1000.00000000 5.52083342 0.00000000 0.00000000
M-2 40,604,000.00 7.12500% 1000.00000000 5.93750000 0.00000000 0.00000000
B 13,534,000.00 8.39500% 1000.00000000 6.99583346 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 5.06737369 0.00000000 912.71722280
A-2 0.00000000 0.00000000 6.49868604 0.00000000 956.55745095
M-1 0.00000000 0.00000000 5.52083342 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 5.93750000 0.00000000 1000.00000000
B 0.00000000 0.00000000 6.99583346 0.00000000 1000.00000000
X 0.00000000 0.00000000 4926631525000.00 0.00000000 0.00000000
P 0.00000000 0.00000000 578375550000.000 0.00000000 0.00000000
OC 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
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>
(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% 0.00 0.00 0.00 0.00 0.00000000%
Fee
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 41,154,683.01
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses 0.00
Total Deposits 41,154,683.01
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 868,198.06
Payment of Interest and Principal 40,286,484.95
Total Withdrawals (Pool Distribution Amount) 41,154,683.01
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 491,399.30
Trustee Fee - First Union 803.22
PMI Fees 349,575.56
Master Servicing Fee - Norwest Bank 10,339.28
Loss Mitigation Fee 16,080.70
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 868,198.06
</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
Percentage Delinquent
Based On
Current Unpaid
Number Principal Number Unpaid
Of Loans Balance Of Loans Balance
<S> <C> <C> <C> <C>
30 Days 194 22,034,372.47 1.913592% 1.754741%
60 Days 123 13,721,769.44 1.213257% 1.092754%
90+ Days 61 5,430,744.24 0.601697% 0.432486%
Foreclosure 82 9,283,874.71 0.808838% 0.739336%
REO 1 34,460.58 0.009864% 0.002744%
Totals 461 50,505,221.44 4.547248% 4.022061%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 0.00
Principal Balance of Contaminated Properties 0.00
Current Period Class Class A Insufficient Funds 0.00
Periodic Advance 0.00
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description 6 Month LIBOR ARM
Weighted Average Gross Coupon 9.535046%
Weighted Average Net Coupon 9.029809%
Weighted Average Pass-Through Rate 8.692978%
Weighted Average Maturity(Stepdown Calculation ) 323
Beginning Scheduled Collateral Loan Count 10,359
Number Of Loans Paid In Full 221
Ending Scheduled Collateral Loan Count 10,138
Beginning Scheduled Collateral Balance 1,286,456,335.57
Ending Scheduled Collateral Balance 1,255,704,893.15
Ending Actual Collateral Balance at 30-Apr-2000 1,256,544,825.11
Monthly P &I Constant 11,048,908.30
Ending Scheduled Balance for Premium Loans 1,239,377,550.36
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 647.72
Overcollateralized Deficiency Amount 6,766,780.52
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
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2 Total
Collateral Description Mixed ARM Mixed ARM
Weighted Average Coupon Rate 9.570324 9.412637
Weighted Average Net Rate 8.728548 8.779013
Weighted Average Maturity 335.00 278.00
Beginning Loan Count 6,983 3,376 10,359
Loans Paid In Full 183 38 221
Ending Loan Count 6,800 3,338 10,138
Beginning Scheduled Balance 998,643,545.96 287,812,789.61 1,286,456,335.57
Ending scheduled Balance 971,252,845.49 284,452,047.66 1,255,704,893.15
Record Date 4/30/00 4/30/00
Principal And Interest Constant 8,554,677.46 2,494,230.84 11,048,908.30
Scheduled Principal 590,225.45 236,666.44 826,891.89
Unscheduled Principal 26,800,475.02 3,124,075.51 29,924,550.53
Scheduled Interest 7,964,452.01 2,257,564.40 10,222,016.41
Servicing Fees 396,767.62 94,631.59 491,399.21
Master Servicing Fees 8,322.03 2,398.41 10,720.44
Trustee Fee 624.18 179.91 804.09
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 3 294,815.11 54,760.89 349,576.00
Net Interest 7,263,923.07 2,105,593.60 9,369,516.67
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
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 19,883,958.31 13,012,638.87 4,265,782.42 8,835,980.32 34,460.58 3,328,621.54
Percentage Of Balance 2.047% 1.340% 0.439% 0.910% 0.004% 0.343%
Loan Count 161 114 48 77 1 23
Percentage Of Loans 2.368% 1.676% 0.706% 1.132% 0.015% 0.338%
2 Principal Balance 2,150,414.16 709,130.57 1,164,961.82 447,894.39 0.00 0.00
Percentage Of Balance 0.756% 0.249% 0.410% 0.157% 0.000% 0.000%
Loan Count 33 9 13 5 0 0
Percentage Of Loans 0.989% 0.270% 0.389% 0.150% 0.000% 0.000%
Totals:Principal Balance 22,034,372.47 13,721,769.44 5,430,744.24 9,283,874.71 34,460.58 3,328,621.54
Percentage of Balance 1.755% 1.093% 0.432% 0.739% 0.003% 0.265%
Loan Count 194 123 61 82 1 23
Percentage Of Loans 1.914% 1.213% 0.602% 0.809% 0.010% 0.227%
</TABLE>
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