MELLON RESIDENTIAL FUNDING COR MOR PAS THR CER SER 2000-TBC1
8-K, EX-99.1, 2000-11-09
ASSET-BACKED SECURITIES
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<TABLE>
<CAPTION>
Mellon Residential Funding Corporation
Mortgage Pass-Through Certificates



Record Date:            09/30/2000
Distribution Date:      10/25/2000


MRF  Series: 2000-TBC1

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        585525DP0         SEQ          6.81728%     76,409,285.19      434,086.26    1,862,039.74
    A-2A       585525DQ8         SEQ          6.92022%     81,721,864.50      471,277.43      766,846.71
    A-2B       585525DR6         SEQ          6.92022%    101,930,500.00      587,817.53            0.00
    A-2C       585525DS4         SEQ          6.92022%    106,500,300.00      614,170.86            0.00
    A-3A       585525DT2         SEQ          7.03120%     15,100,961.59       88,481.54       23,566.97
    A-3B       585525DU9         SEQ          7.03120%     18,454,300.00      108,129.86            0.00
    A-3C       585525DV7         SEQ          7.03120%     20,337,000.00      119,161.22            0.00
    A-R        585525DW5         RES          6.92200%              0.00            0.00            0.00
     X         MRF00001X         IO           0.00000%              0.00            0.00            0.00
    B-1        585525DX3         SUB          6.91514%      3,366,400.00       19,399.27            0.00
    B-2        585525DY1         SUB          6.91514%      3,366,300.00       19,398.69            0.00
    B-3        585525DZ8         SUB          6.91514%      2,244,200.00       12,932.46            0.00
    B-4        585525EA2         SUB          6.91514%      2,244,400.00       12,933.61            0.00
    B-5        585525EB0         SUB          6.91514%      1,122,000.00        6,465.65            0.00
    B-6        585525EC8         SUB          6.91514%      1,122,306.00        6,467.42            0.00
Totals                                                    433,919,817.28    2,500,721.80    2,652,453.42
</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          74,547,245.45             2,296,126.00                      0.00
A-2A                           0.00          80,955,017.79             1,238,124.14                      0.00
A-2B                           0.00         101,930,500.00               587,817.53                      0.00
A-2C                           0.00         106,500,300.00               614,170.86                      0.00
A-3A                           0.00          15,077,394.62               112,048.51                      0.00
A-3B                           0.00          18,454,300.00               108,129.86                      0.00
A-3C                           0.00          20,337,000.00               119,161.22                      0.00
A-R                            0.00                   0.00                     0.00                      0.00
X                              0.00                   0.00                     0.00                      0.00
B-1                            0.00           3,366,400.00                19,399.27                      0.00
B-2                            0.00           3,366,300.00                19,398.69                      0.00
B-3                            0.00           2,244,200.00                12,932.46                      0.00
B-4                            0.00           2,244,400.00                12,933.61                      0.00
B-5                            0.00           1,122,000.00                 6,465.65                      0.00
B-6                            0.00           1,122,306.00                 6,467.42                      0.00
Totals                         0.00         431,267,363.86             5,153,175.22                      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                  81,364,400.00      76,409,285.19           4,335.15    1,857,704.59           0.00            0.00
A-2A                 90,040,000.00      81,721,864.50           1,580.16      765,266.55           0.00            0.00
A-2B                101,930,500.00     101,930,500.00               0.00            0.00           0.00            0.00
A-2C                106,500,300.00     106,500,300.00               0.00            0.00           0.00            0.00
A-3A                 16,757,500.00      15,100,961.59               0.00       23,566.97           0.00            0.00
A-3B                 18,454,300.00      18,454,300.00               0.00            0.00           0.00            0.00
A-3C                 20,337,000.00      20,337,000.00               0.00            0.00           0.00            0.00
A-R                         100.00               0.00               0.00            0.00           0.00            0.00
X                             0.00               0.00               0.00            0.00           0.00            0.00
                              0.00               0.00               0.00            0.00           0.00            0.00
B-1                   3,366,400.00       3,366,400.00               0.00            0.00           0.00            0.00
B-2                   3,366,300.00       3,366,300.00               0.00            0.00           0.00            0.00
B-3                   2,244,200.00       2,244,200.00               0.00            0.00           0.00            0.00
B-4                   2,244,400.00       2,244,400.00               0.00            0.00           0.00            0.00
B-5                   1,122,000.00       1,122,000.00               0.00            0.00           0.00            0.00
B-6                   1,122,306.00       1,122,306.00               0.00            0.00           0.00            0.00
Totals              448,849,706.00     433,919,817.28           5,915.31    2,646,538.11           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                           1,862,039.74         74,547,245.45           0.91621453      1,862,039.74
A-2A                            766,846.71         80,955,017.79           0.89910060        766,846.71
A-2B                                  0.00        101,930,500.00           1.00000000              0.00
A-2C                                  0.00        106,500,300.00           1.00000000              0.00
A-3A                             23,566.97         15,077,394.62           0.89974009         23,566.97
A-3B                                  0.00         18,454,300.00           1.00000000              0.00
A-3C                                  0.00         20,337,000.00           1.00000000              0.00
A-R                                   0.00                  0.00           0.00000000              0.00
X                                     0.00                  0.00           0.00000000              0.00
X                                     0.00                  0.00           0.00000000              0.00
B-1                                   0.00          3,366,400.00           1.00000000              0.00
B-2                                   0.00          3,366,300.00           1.00000000              0.00
B-3                                   0.00          2,244,200.00           1.00000000              0.00
B-4                                   0.00          2,244,400.00           1.00000000              0.00
B-5                                   0.00          1,122,000.00           1.00000000              0.00
B-6                                   0.00          1,122,306.00           1.00000000              0.00
Totals                        2,652,453.42        431,267,363.86           0.96082800      2,652,453.42

</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                    81,364,400.00        939.09971916         0.05328067         22.83190916        0.00000000
A-2A                   90,040,000.00        907.61733119         0.01754953          8.49918425        0.00000000
A-2B                  101,930,500.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-2C                  106,500,300.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-3A                   16,757,500.00        901.14644726         0.00000000          1.40635357        0.00000000
A-3B                   18,454,300.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-3C                   20,337,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-R                           100.00          0.00000000         0.00000000          0.00000000        0.00000000
X                               0.00          0.00000000         0.00000000          0.00000000        0.00000000
B-1                     3,366,400.00       1000.00000000         0.00000000          0.00000000        0.00000000
B-2                     3,366,300.00       1000.00000000         0.00000000          0.00000000        0.00000000
B-3                     2,244,200.00       1000.00000000         0.00000000          0.00000000        0.00000000
B-4                     2,244,400.00       1000.00000000         0.00000000          0.00000000        0.00000000
B-5                     1,122,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
B-6                     1,122,306.00       1000.00000000         0.00000000          0.00000000        0.00000000
<FN>
(2) 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         22.88518984            916.21452933          0.91621453        22.88518984
A-2A                    0.00000000          8.51673378            899.10059740          0.89910060         8.51673378
A-2B                    0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-2C                    0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-3A                    0.00000000          1.40635357            899.74009369          0.89974009         1.40635357
A-3B                    0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-3C                    0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-R                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
X                       0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
B-1                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
B-2                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
B-3                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
B-4                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
B-5                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
B-6                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
    Unless Otherwise Disclosed.
    Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>





<TABLE>
<CAPTION>

                                                 Interest Distribution Statement

                                                          Beginning                        Payment of
                      Original          Current        Certificate/            Current         Unpaid          Current
                          Face      Certificate            Notional            Accrued       Interest         Interest
Class                   Amount             Rate             Balance           Interest      Shortfall        Shortfall
<S>           <C>               <C>             <C>                 <C>                <C>             <C>
A-1                81,364,400.00        6.81728%      76,409,285.19          434,086.26           0.00             0.00
A-2A               90,040,000.00        6.92022%      81,721,864.50          471,277.43           0.00             0.00
A-2B              101,930,500.00        6.92022%     101,930,500.00          587,817.53           0.00             0.00
A-2C              106,500,300.00        6.92022%     106,500,300.00          614,170.86           0.00             0.00
A-3A               16,757,500.00        7.03120%      15,100,961.59           88,481.54           0.00             0.00
A-3B               18,454,300.00        7.03120%      18,454,300.00          108,129.86           0.00             0.00
A-3C               20,337,000.00        7.03120%      20,337,000.00          119,161.22           0.00             0.00
A-R                       100.00        6.92200%               0.00                0.00           0.00             0.00
X                           0.00        0.00000%     433,919,818.17                0.00           0.00             0.00
B-1                 3,366,400.00        6.91514%       3,366,400.00           19,399.27           0.00             0.00
B-2                 3,366,300.00        6.91514%       3,366,300.00           19,398.69           0.00             0.00
B-3                 2,244,200.00        6.91514%       2,244,200.00           12,932.46           0.00             0.00
B-4                 2,244,400.00        6.91514%       2,244,400.00           12,933.61           0.00             0.00
B-5                 1,122,000.00        6.91514%       1,122,000.00            6,465.65           0.00             0.00
B-6                 1,122,306.00        6.91514%       1,122,306.00            6,467.42           0.00             0.00
Totals            448,849,706.00                                           2,500,721.80           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           434,086.26                0.00      74,547,245.45
 A-2A                           0.00                0.00           471,277.43                0.00      80,955,017.79
 A-2B                           0.00                0.00           587,817.53                0.00     101,930,500.00
 A-2C                           0.00                0.00           614,170.86                0.00     106,500,300.00
 A-3A                           0.00                0.00            88,481.54                0.00      15,077,394.62
 A-3B                           0.00                0.00           108,129.86                0.00      18,454,300.00
 A-3C                           0.00                0.00           119,161.22                0.00      20,337,000.00
 A-R                            0.00                0.00                 0.00                0.00               0.00
 X                              0.00                0.00                 0.00                0.00     431,267,364.75
 B-1                            0.00                0.00            19,399.27                0.00       3,366,400.00
 B-2                            0.00                0.00            19,398.69                0.00       3,366,300.00
 B-3                            0.00                0.00            12,932.46                0.00       2,244,200.00
 B-4                            0.00                0.00            12,933.61                0.00       2,244,400.00
 B-5                            0.00                0.00             6,465.65                0.00       1,122,000.00
 B-6                            0.00                0.00             6,467.42               10.27       1,122,306.00
 Totals                         0.00                0.00         2,500,721.80               10.27
 <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                  81,364,400.00        6.81728%         939.09971916        5.33508832        0.00000000        0.00000000
A-2A                 90,040,000.00        6.92022%         907.61733119        5.23408963        0.00000000        0.00000000
A-2B                101,930,500.00        6.92022%        1000.00000000        5.76684633        0.00000000        0.00000000
A-2C                106,500,300.00        6.92022%        1000.00000000        5.76684629        0.00000000        0.00000000
A-3A                 16,757,500.00        7.03120%         901.14644726        5.28011577        0.00000000        0.00000000
A-3B                 18,454,300.00        7.03120%        1000.00000000        5.85933143        0.00000000        0.00000000
A-3C                 20,337,000.00        7.03120%        1000.00000000        5.85933127        0.00000000        0.00000000
A-R                         100.00        6.92200%           0.00000000        0.00000000        0.00000000        0.00000000
X                             0.00        0.00000%         966.73744353        0.00000000        0.00000000        0.00000000
B-1                   3,366,400.00        6.91514%        1000.00000000        5.76261585        0.00000000        0.00000000
B-2                   3,366,300.00        6.91514%        1000.00000000        5.76261474        0.00000000        0.00000000
B-3                   2,244,200.00        6.91514%        1000.00000000        5.76261474        0.00000000        0.00000000
B-4                   2,244,400.00        6.91514%        1000.00000000        5.76261362        0.00000000        0.00000000
B-5                   1,122,000.00        6.91514%        1000.00000000        5.76261141        0.00000000        0.00000000
B-6                   1,122,306.00        6.91514%        1000.00000000        5.76261733        0.00000000        0.00000000
<FN>
(5) 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         5.33508832          0.00000000          916.21452933
A-2A                  0.00000000        0.00000000         5.23408963          0.00000000          899.10059740
A-2B                  0.00000000        0.00000000         5.76684633          0.00000000         1000.00000000
A-2C                  0.00000000        0.00000000         5.76684629          0.00000000         1000.00000000
A-3A                  0.00000000        0.00000000         5.28011577          0.00000000          899.74009369
A-3B                  0.00000000        0.00000000         5.85933143          0.00000000         1000.00000000
A-3C                  0.00000000        0.00000000         5.85933127          0.00000000         1000.00000000
A-R                   0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
X                     0.00000000        0.00000000         0.00000000          0.00000000          960.82799683
B-1                   0.00000000        0.00000000         5.76261585          0.00000000         1000.00000000
B-2                   0.00000000        0.00000000         5.76261474          0.00000000         1000.00000000
B-3                   0.00000000        0.00000000         5.76261474          0.00000000         1000.00000000
B-4                   0.00000000        0.00000000         5.76261362          0.00000000         1000.00000000
B-5                   0.00000000        0.00000000         5.76261141          0.00000000         1000.00000000
B-6                   0.00000000        0.00000000         5.76261733          0.00915080         1000.00000000
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
    Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>

<TABLE>
<CAPTION>

                                                 Certificate 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>
PRORATA            0.00000%             0.00               0.00            0.00           0.00           0.00000000%
PRORATA            0.00000%             0.00               0.00            0.00           0.00           0.00000000%
</TABLE>


<TABLE>
<CAPTION>
                                             CERTIFICATEHOLDER ACCOUNT STATEMENT
                                                      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                        0.00
Deposits
    Payments of Interest and Principal                                                           5,246,829.58
    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                                                                                   5,246,829.58

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                          93,654.36
    Payment of Interest and Principal                                                            5,153,175.22
Total Withdrawals (Pool Distribution Amount)                                                     5,246,829.58

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                                                                                 90,399.96
Trustee Fee                                                                                          3,254.40
Supported Prepayment/Curtailment Interest Shortfall                                                      0.00
Net Servicing Fee                                                                                   93,654.36


</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                       0                      0                      0                      0
                                0.00                   0.00                   0.00                   0.00

30 Days   0                     0                      0                      0                      0
          0.00                  0.00                   0.00                   0.00                   0.00

60 Days   0                     0                      0                      0                      0
          0.00                  0.00                   0.00                   0.00                   0.00

90 Days   0                     0                      0                      0                      0
          0.00                  0.00                   0.00                   0.00                   0.00

120 Days  0                     0                      0                      0                      0
          0.00                  0.00                   0.00                   0.00                   0.00

150 Days  0                     0                      0                      0                      0
          0.00                  0.00                   0.00                   0.00                   0.00

180+ Days 0                     0                      0                      0                      0
          0.00                  0.00                   0.00                   0.00                   0.00

Totals    0                     0                      0                      0                      0
          0.00                  0.00                   0.00                   0.00                   0.00


          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                       0.000000%              0.000000%              0.000000%              0.000000%
                                0.000000%              0.000000%              0.000000%              0.000000%

30 Days   0.000000%             0.000000%              0.000000%              0.000000%              0.000000%
          0.000000%             0.000000%              0.000000%              0.000000%              0.000000%

60 Days   0.000000%             0.000000%              0.000000%              0.000000%              0.000000%
          0.000000%             0.000000%              0.000000%              0.000000%              0.000000%

90 Days   0.000000%             0.000000%              0.000000%              0.000000%              0.000000%
          0.000000%             0.000000%              0.000000%              0.000000%              0.000000%

120 Days  0.000000%             0.000000%              0.000000%              0.000000%              0.000000%
          0.000000%             0.000000%              0.000000%              0.000000%              0.000000%

150 Days  0.000000%             0.000000%              0.000000%              0.000000%              0.000000%
          0.000000%             0.000000%              0.000000%              0.000000%              0.000000%

180+ Days 0.000000%             0.000000%              0.000000%              0.000000%              0.000000%
          0.000000%             0.000000%              0.000000%              0.000000%              0.000000%

Totals    0.000000%             0.000000%              0.000000%              0.000000%              0.000000%
          0.000000%             0.000000%              0.000000%              0.000000%              0.000000%

</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                        0                    0                     0                    0
                                 0.00                 0.00                  0.00                 0.00

30 Days    0                     0                    0                     0                    0
           0.00                  0.00                 0.00                  0.00                 0.00

60 Days    0                     0                    0                     0                    0
           0.00                  0.00                 0.00                  0.00                 0.00

90 Days    0                     0                    0                     0                    0
           0.00                  0.00                 0.00                  0.00                 0.00

120 Days   0                     0                    0                     0                    0
           0.00                  0.00                 0.00                  0.00                 0.00

150 Days   0                     0                    0                     0                    0
           0.00                  0.00                 0.00                  0.00                 0.00

180 Days   0                     0                    0                     0                    0
           0.00                  0.00                 0.00                  0.00                 0.00

Totals     0                     0                    0                     0                    0
           0.00                  0.00                 0.00                  0.00                 0.00



0-29 Days                        0.000000%            0.000000%             0.000000%            0.000000%
                                 0.000000%            0.000000%             0.000000%            0.000000%

30 Days    0.000000%             0.000000%            0.000000%             0.000000%            0.000000%
           0.000000%             0.000000%            0.000000%             0.000000%            0.000000%

60 Days    0.000000%             0.000000%            0.000000%             0.000000%            0.000000%
           0.000000%             0.000000%            0.000000%             0.000000%            0.000000%

90 Days    0.000000%             0.000000%            0.000000%             0.000000%            0.000000%

           0.000000%             0.000000%            0.000000%             0.000000%            0.000000%
120 Days   0.000000%             0.000000%            0.000000%             0.000000%            0.000000%

           0.000000%             0.000000%            0.000000%             0.000000%            0.000000%

150 Days   0.000000%             0.000000%            0.000000%             0.000000%            0.000000%
           0.000000%             0.000000%            0.000000%             0.000000%            0.000000%

180 Days   0.000000%             0.000000%            0.000000%             0.000000%            0.000000%
           0.000000%             0.000000%            0.000000%             0.000000%            0.000000%

Totals     0.000000%             0.000000%            0.000000%             0.000000%            0.000000%
           0.000000%             0.000000%            0.000000%             0.000000%            0.000000%


           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                        0                    0                     0                    0
                                 0.00                 0.00                  0.00                 0.00

30 Days    0                     0                    0                     0                    0
           0.00                  0.00                 0.00                  0.00                 0.00

60 Days    0                     0                    0                     0                    0
           0.00                  0.00                 0.00                  0.00                 0.00

90 Days    0                     0                    0                     0                    0
           0.00                  0.00                 0.00                  0.00                 0.00

120 Days   0                     0                    0                     0                    0
           0.00                  0.00                 0.00                  0.00                 0.00

150 Days   0                     0                    0                     0                    0
           0.00                  0.00                 0.00                  0.00                 0.00

180 Days   0                     0                    0                     0                    0
           0.00                  0.00                 0.00                  0.00                 0.00

Totals     0                     0                    0                     0                    0
           0.00                  0.00                 0.00                  0.00                 0.00



0-29 Days                        0.000000%            0.000000%             0.000000%            0.000000%
                                 0.000000%            0.000000%             0.000000%            0.000000%

30 Days    0.000000%             0.000000%            0.000000%             0.000000%            0.000000%
           0.000000%             0.000000%            0.000000%             0.000000%            0.000000%

60 Days    0.000000%             0.000000%            0.000000%             0.000000%            0.000000%
           0.000000%             0.000000%            0.000000%             0.000000%            0.000000%

90 Days    0.000000%             0.000000%            0.000000%             0.000000%            0.000000%

           0.000000%             0.000000%            0.000000%             0.000000%            0.000000%
120 Days   0.000000%             0.000000%            0.000000%             0.000000%            0.000000%

           0.000000%             0.000000%            0.000000%             0.000000%            0.000000%

150 Days   0.000000%             0.000000%            0.000000%             0.000000%            0.000000%
           0.000000%             0.000000%            0.000000%             0.000000%            0.000000%

180 Days   0.000000%             0.000000%            0.000000%             0.000000%            0.000000%
           0.000000%             0.000000%            0.000000%             0.000000%            0.000000%

Totals     0.000000%             0.000000%            0.000000%             0.000000%            0.000000%
           0.000000%             0.000000%            0.000000%             0.000000%            0.000000%


           DELINQUENT            BANKRUPTCY           FORECLOSURE           REO                  Total
<S>        <C>                   <C>                  <C>                   <C>                  <C>
Group 3    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                    0                     0                    0
                                 0.00                 0.00                  0.00                 0.00

30 Days    0                     0                    0                     0                    0
           0.00                  0.00                 0.00                  0.00                 0.00

60 Days    0                     0                    0                     0                    0
           0.00                  0.00                 0.00                  0.00                 0.00

90 Days    0                     0                    0                     0                    0
           0.00                  0.00                 0.00                  0.00                 0.00

120 Days   0                     0                    0                     0                    0
           0.00                  0.00                 0.00                  0.00                 0.00

150 Days   0                     0                    0                     0                    0
           0.00                  0.00                 0.00                  0.00                 0.00

180 Days   0                     0                    0                     0                    0
           0.00                  0.00                 0.00                  0.00                 0.00

Totals     0                     0                    0                     0                    0
           0.00                  0.00                 0.00                  0.00                 0.00



0-29 Days                        0.000000%            0.000000%             0.000000%            0.000000%
                                 0.000000%            0.000000%             0.000000%            0.000000%

30 Days    0.000000%             0.000000%            0.000000%             0.000000%            0.000000%
           0.000000%             0.000000%            0.000000%             0.000000%            0.000000%

60 Days    0.000000%             0.000000%            0.000000%             0.000000%            0.000000%
           0.000000%             0.000000%            0.000000%             0.000000%            0.000000%

90 Days    0.000000%             0.000000%            0.000000%             0.000000%            0.000000%

           0.000000%             0.000000%            0.000000%             0.000000%            0.000000%
120 Days   0.000000%             0.000000%            0.000000%             0.000000%            0.000000%

           0.000000%             0.000000%            0.000000%             0.000000%            0.000000%

150 Days   0.000000%             0.000000%            0.000000%             0.000000%            0.000000%
           0.000000%             0.000000%            0.000000%             0.000000%            0.000000%

180 Days   0.000000%             0.000000%            0.000000%             0.000000%            0.000000%
           0.000000%             0.000000%            0.000000%             0.000000%            0.000000%

Totals     0.000000%             0.000000%            0.000000%             0.000000%            0.000000%
           0.000000%             0.000000%            0.000000%             0.000000%            0.000000%


</TABLE>
<TABLE>
<CAPTION>

                                                       OTHER INFORMATION

<S>                                                                             <C>
Current Period Realized Loss - Includes Interest Shortfall                                           0.00
Cumulative Realized Losses - Includes Interest Shortfall                                             0.00
Current Period Class A Insufficient Funds                                                            0.00
Principal Balance of Contaminated Properties                                                         0.00
Periodic Advance                                                                                     0.00
</TABLE>



<TABLE>
<CAPTION>

                                                       CREDIT ENHANCEMENT

                                    Original $        Original %         Current $        Current %
<S>                         <C>               <C>               <C>               <C>
                 Bankruptcy         200,000.00       0.04455834%        200,000.00       0.04637494%
                      Fraud       2,057,249.00       0.45833805%      2,057,249.00       0.47702404%
             Special Hazard       5,657,801.00       1.26051124%      5,657,801.00       1.31190103%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>



 <TABLE>
 <CAPTION>
                               COLLATERAL STATEMENT
 <S>                                                                       <C>
 Collateral Description                                                Mixed ARM

 Weighted Average Gross Coupon                                         7.174716%
 Weighted Average Net Coupon                                           6.915140%
 Weighted Average Pass-Through Rate                                    6.915716%
 Weighted Average Maturity(Stepdown Calculation )                            345
 Beginning Scheduled Collateral Loan Count                                   722

 Number Of Loans Paid In Full                                                  3
 Ending Scheduled Collateral Loan Count                                      719
 Beginning Scheduled Collateral Balance                           433,919,818.17
 Ending Scheduled Collateral Balance                              431,267,364.75
 Ending Actual Collateral Balance at 30-Sep-2000                  431,267,364.75
 Monthly P &I Constant                                              2,600,291.47
 Ending Scheduled Balance for Premium Loans                       431,267,364.75
 </TABLE>
<TABLE>
<CAPTION>
           <S>                                        <C>
</TABLE>
 <TABLE>
 <CAPTION>
                                      Group Level Collateral Statement
 <S>                                                                <C>
 Group ID                                      1                         2                         3                   Total
 Collateral Description                1 Year CMT. ARM           1 Year CMT. ARM           1 Year CMT. ARM
 Weighted Average Coupon Rate                 7.076280                  7.179216                  7.290197
 Weighted Average Net Rate                    6.817280                  6.920216                  7.031197
 Weighted Average Maturity                      335.00                    347.00                    345.00
 Beginning Loan Count                              160                       469                        93                     722
 Loans Paid In Full                                  2                         1                         0                       3
 Ending Loan Count                                 158                       468                        93                     719
 Beginning Scheduled Balance             78,925,728.85            299,383,779.80             55,610,309.52          433,919,818.17
 Ending scheduled Balance                77,063,689.11            298,616,933.09             55,586,742.55          431,267,364.75
 Record Date                                09/30/2000                09/30/2000                09/30/2000
 Principal And Interest Constant            469,752.29              1,792,697.40                337,841.78            2,600,291.47
 Scheduled Principal                          4,335.15                  1,580.16                      0.00                5,915.31
 Unscheduled Principal                    1,857,704.59                765,266.55                 23,566.97            2,646,538.11
 Scheduled Interest                         465,417.14              1,791,117.24                337,841.78            2,594,376.16


 Servicing Fees                              16,442.86                 62,371.62                 11,585.48               90,399.96
 Master Servicing Fees                            0.00                      0.00                      0.00                    0.00
 Trustee Fee                                    591.94                  2,245.38                    417.08                3,254.40
 FRY Amount                                       0.00                      0.00                      0.00                    0.00
 Special Hazard Fee                               0.00                      0.00                      0.00                    0.00
 Other Fee                                        0.00                      0.00                      0.00                    0.00
 Pool Insurance Fee                               0.00                      0.00                      0.00                    0.00
 Spread Fee 1                                     0.00                      0.00                      0.00                    0.00
 Spread Fee 2                                     0.00                      0.00                      0.00                    0.00
 Spread Fee 3                                     0.00                      0.00                      0.00                    0.00
 Net Interest                               448,382.34              1,726,500.24                325,839.22            2,500,721.80
 Realized Loss Amount                             0.00                      0.00                      0.00                    0.00
 Cumulative Realized Loss                         0.00                      0.00                      0.00                    0.00
 Percentage of Cumulative Losses                  0.00                      0.00                      0.00                    0.00


 </TABLE>



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