MELLON RESIDENTIAL FUNDING COR MOR PAS THR CER SER 2000-TBC1
8-K, EX-99.1, 2000-09-08
ASSET-BACKED SECURITIES
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<TABLE>
<CAPTION>
Mellon Residential Funding Corporation
Mortgage Pass-Through Certificates

Record Date:            7/31/2000
Distribution Date:      8/25/2000


MRF  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        585525DP0         SEQ          6.82818%     79,485,741.06      452,286.03    2,277,431.82
    A-2A       585525DQ8         SEQ          6.92044%     83,437,955.45      481,189.75      363,918.73
    A-2B       585525DR6         SEQ          6.92044%    101,930,500.00      587,836.93            0.00
    A-2C       585525DS4         SEQ          6.92044%    106,500,300.00      614,191.14            0.00
    A-3A       585525DT2         SEQ          7.03111%     15,140,901.27       88,714.47       10,242.80
    A-3B       585525DU9         SEQ          7.03111%     18,454,300.00      108,128.53            0.00
    A-3C       585525DV7         SEQ          7.03111%     20,337,000.00      119,159.76            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          6.91732%      3,366,400.00       19,405.39            0.00
    B-2        585525DY1         SUB          6.91732%      3,366,300.00       19,404.82            0.00
    B-3        585525DZ8         SUB          6.91732%      2,244,200.00       12,936.55            0.00
    B-4        585525EA2         SUB          6.91732%      2,244,400.00       12,937.70            0.00
    B-5        585525EB0         SUB          6.91732%      1,122,000.00        6,467.70            0.00
    B-6        585525EC8         SUB          6.91732%      1,122,306.00        6,469.47            0.00
Totals                                                    438,752,303.78    2,529,128.24    2,651,593.35
</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          77,208,309.24             2,729,717.85                      0.00
A-2A                           0.00          83,074,036.72               845,108.48                      0.00
A-2B                           0.00         101,930,500.00               587,836.93                      0.00
A-2C                           0.00         106,500,300.00               614,191.14                      0.00
A-3A                           0.00          15,130,658.47                98,957.27                      0.00
A-3B                           0.00          18,454,300.00               108,128.53                      0.00
A-3C                           0.00          20,337,000.00               119,159.76                      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                19,405.39                      0.00
B-2                            0.00           3,366,300.00                19,404.82                      0.00
B-3                            0.00           2,244,200.00                12,936.55                      0.00
B-4                            0.00           2,244,400.00                12,937.70                      0.00
B-5                            0.00           1,122,000.00                 6,467.70                      0.00
B-6                            0.00           1,122,306.00                 6,469.47                      0.00
Totals                         0.00         436,100,710.43             5,180,721.59                      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      79,485,741.06           4,251.84    2,273,179.98           0.00            0.00
A-2A                 90,040,000.00      83,437,955.45           1,560.84      362,357.89           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      15,140,901.27               0.00       10,242.80           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     438,752,303.78           5,812.68    2,645,780.67           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                           2,277,431.82         77,208,309.24           0.94892003      2,277,431.82
A-2A                            363,918.73         83,074,036.72           0.92263479        363,918.73
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                             10,242.80         15,130,658.47           0.90291860         10,242.80
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                        2,651,593.35        436,100,710.43           0.97159629      2,651,593.35

</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        976.91055376         0.05225676         27.93826268        0.00000000
A-2A                   90,040,000.00        926.67653765         0.01733496          4.02441015        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        903.52983858         0.00000000          0.61123676        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         27.99051944            948.92003431          0.94892003        27.99051944
A-2A                    0.00000000          4.04174511            922.63479254          0.92263479         4.04174511
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          0.61123676            902.91860182          0.90291860         0.61123676
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        6.82818%      79,485,741.06          452,286.03           0.00             0.00
A-2A               90,040,000.00        6.92044%      83,437,955.45          481,189.75           0.00             0.00
A-2B              101,930,500.00        6.92044%     101,930,500.00          587,836.93           0.00             0.00
A-2C              106,500,300.00        6.92044%     106,500,300.00          614,191.14           0.00             0.00
A-3A               16,757,500.00        7.03111%      15,140,901.27           88,714.47           0.00             0.00
A-3B               18,454,300.00        7.03111%      18,454,300.00          108,128.53           0.00             0.00
A-3C               20,337,000.00        7.03111%      20,337,000.00          119,159.76           0.00             0.00
A-R                       100.00        6.92200%               0.00                0.00           0.00             0.00
X                           0.00        0.00000%     438,752,304.67                0.00           0.00             0.00
B-1                 3,366,400.00        6.91732%       3,366,400.00           19,405.39           0.00             0.00
B-2                 3,366,300.00        6.91732%       3,366,300.00           19,404.82           0.00             0.00
B-3                 2,244,200.00        6.91732%       2,244,200.00           12,936.55           0.00             0.00
B-4                 2,244,400.00        6.91732%       2,244,400.00           12,937.70           0.00             0.00
B-5                 1,122,000.00        6.91732%       1,122,000.00            6,467.70           0.00             0.00
B-6                 1,122,306.00        6.91732%       1,122,306.00            6,469.46           0.01             0.00
Totals            448,849,706.00                                           2,529,128.23           0.01             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           452,286.03                0.00      77,208,309.24
 A-2A                           0.00                0.00           481,189.75                0.00      83,074,036.72
 A-2B                           0.00                0.00           587,836.93                0.00     101,930,500.00
 A-2C                           0.00                0.00           614,191.14                0.00     106,500,300.00
 A-3A                           0.00                0.00            88,714.47                0.00      15,130,658.47
 A-3B                           0.00                0.00           108,128.53                0.00      18,454,300.00
 A-3C                           0.00                0.00           119,159.76                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     436,100,711.32
 B-1                            0.00                0.00            19,405.39                0.00       3,366,400.00
 B-2                            0.00                0.00            19,404.82                0.00       3,366,300.00
 B-3                            0.00                0.00            12,936.55                0.00       2,244,200.00
 B-4                            0.00                0.00            12,937.70                0.00       2,244,400.00
 B-5                            0.00                0.00             6,467.70                0.00       1,122,000.00
 B-6                            0.00                0.00             6,469.47               10.27       1,122,306.00
 Totals                         0.00                0.00         2,529,128.24               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        6.82818%         976.91055376        5.55877054        0.00000000        0.00000000
A-2A                 90,040,000.00        6.92044%         926.67653765        5.34417759        0.00000000        0.00000000
A-2B                101,930,500.00        6.92044%        1000.00000000        5.76703666        0.00000000        0.00000000
A-2C                106,500,300.00        6.92044%        1000.00000000        5.76703671        0.00000000        0.00000000
A-3A                 16,757,500.00        7.03111%         903.52983858        5.29401581        0.00000000        0.00000000
A-3B                 18,454,300.00        7.03111%        1000.00000000        5.85925936        0.00000000        0.00000000
A-3C                 20,337,000.00        7.03111%        1000.00000000        5.85925948        0.00000000        0.00000000
A-R                         100.00        6.92200%           0.00000000        0.00000000        0.00000000        0.00000000
X                             0.00        0.00000%         977.50382352        0.00000000        0.00000000        0.00000000
B-1                   3,366,400.00        6.91732%        1000.00000000        5.76443382        0.00000000        0.00000000
B-2                   3,366,300.00        6.91732%        1000.00000000        5.76443573        0.00000000        0.00000000
B-3                   2,244,200.00        6.91732%        1000.00000000        5.76443722        0.00000000        0.00000000
B-4                   2,244,400.00        6.91732%        1000.00000000        5.76443593        0.00000000        0.00000000
B-5                   1,122,000.00        6.91732%        1000.00000000        5.76443850        0.00000000        0.00000000
B-6                   1,122,306.00        6.91732%        1000.00000000        5.76443501        0.00000891        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         5.55877054          0.00000000          948.92003431
A-2A                  0.00000000        0.00000000         5.34417759          0.00000000          922.63479254
A-2B                  0.00000000        0.00000000         5.76703666          0.00000000         1000.00000000
A-2C                  0.00000000        0.00000000         5.76703671          0.00000000         1000.00000000
A-3A                  0.00000000        0.00000000         5.29401581          0.00000000          902.91860182
A-3B                  0.00000000        0.00000000         5.85925936          0.00000000         1000.00000000
A-3C                  0.00000000        0.00000000         5.85925948          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          971.59629298
B-1                   0.00000000        0.00000000         5.76443382          0.00000000         1000.00000000
B-2                   0.00000000        0.00000000         5.76443573          0.00000000         1000.00000000
B-3                   0.00000000        0.00000000         5.76443722          0.00000000         1000.00000000
B-4                   0.00000000        0.00000000         5.76443593          0.00000000         1000.00000000
B-5                   0.00000000        0.00000000         5.76443850          0.00000000         1000.00000000
B-6                   0.00000000        0.00000000         5.76444392          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>
                                             CERTIFICATEHOLDER ACCOUNT STATEMENT
                                                      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                        0.00
Deposits
    Payments of Interest and Principal                                                           5,275,418.96
    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                                                                                   5,275,418.96

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                          94,697.37
    Payment of Interest and Principal                                                            5,180,721.59
Total Withdrawals (Pool Distribution Amount)                                                     5,275,418.96

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                                                                                 91,406.73
Trustee Fee                                                                                          3,290.64
Supported Prepayment/Curtailment Interest Shortfall                                                      0.00
Net Servicing Fee                                                                                   94,697.37


</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   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
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>
                                                   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

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



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

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



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

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



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       0.04586097%
                      Fraud       2,057,249.00       0.45833805%      2,057,249.00       0.47173713%
             Special Hazard       5,657,801.00       1.26051124%      5,657,801.00       1.29736110%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>



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

 Weighted Average Gross Coupon                                         7.176237%
 Weighted Average Net Coupon                                           6.926237%
 Weighted Average Pass-Through Rate                                    6.917236%
 Weighted Average Maturity (Stepdown Calculation)                            347
 Beginning Scheduled Collateral Loan Count                                   729

 Number Of Loans Paid In Full                                                  3
 Ending Scheduled Collateral Loan Count                                      726
 Beginning Scheduled Collateral Balance                           438,752,304.67
 Ending Scheduled Collateral Balance                              436,100,711.32
 Ending Actual Collateral Balance at 31-Jul-2000                  436,100,711.32
 Monthly P&I Constant                                               2,629,638.28
 Ending Scheduled Balance for Premium Loans                       436,100,711.32
 </TABLE>
<TABLE>
<CAPTION>
           <S>                                        <C>
Group Senior Percentage                                                     100%
Group Subordinated Percentage                                                 0%
Group Senior Prepayment Percentage                                          100%
</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                  7.087184                  7.179444                  7.290111
 Weighted Average Net Rate                     6.828184                  6.920444                  7.031111
 Weighted Average Maturity                       337.00                    349.00                    347.00
 Record Date                                    7/31/00                   7/31/00                   7/31/00
 Principal And Interest Constant             488,555.62              1,803,002.23                338,080.43            2,629,638.28
 Beginning Loan Count                               165                       471                        93                     729
 Loans Paid In Full                                   3                         0                         0                       3
 Ending Loan Count                                  162                       471                        93                     726
 Beginning Scheduled Balance              82,002,184.72            301,099,870.75             55,650,249.20          438,752,304.67
 Ending Scheduled Balance                 79,724,752.90            300,735,952.02             55,640,006.40          436,100,711.32
 Scheduled Principal                           4,251.84                  1,560.84                      0.00                5,812.68
 Unscheduled Principal                     2,273,179.98                362,357.89                 10,242.80            2,645,780.67
 Scheduled Interest                          484,303.78              1,801,441.39                338,080.43            2,623,825.60
 Servicing Fees                               17,083.79                 62,729.14                 11,593.80               91,406.73
 Master Servicing Fees                             0.00                      0.00                      0.00                    0.00
 Trustee Fee                                     615.01                  2,258.25                    417.38                3,290.64
 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                                466,604.98              1,736,454.00                326,069.25            2,529,128.23
 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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