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Previous: SALOMON BROTHERS MOR SEC VII FL RT MR PA TH CER SER 2000 LB1, 8-K, 2000-08-04 |
Next: DYNACS INC, 8-A12G, 2000-08-04 |
<TABLE>
<CAPTION>
Salomon Brothers Mortgage Securities VII, Inc.
Mortgage Pass-Through Certificates
Record Date: 06/30/2000
Distribution Date: 07/25/2000
SBMSVII Series: 2000-LB1
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 79548KW46 SEN_FL 6.99125% 623,339,221.77 3,510,546.94 9,546,425.39
M-1 79548KW53 SEN_FL 7.25125% 47,203,000.00 275,726.16 0.00
M-2 79548KW61 SEN_FL 7.80125% 41,302,000.00 259,555.82 0.00
M-3 79548KW79 SEN_FI 7.00000% 31,468,000.00 183,563.33 0.00
P SAL00LB1P SEN_FI 0.00000% 100.00 207,735.99 0.00
CE SAL00L1CE JUN_FI 0.00000% 21,636,242.75 1,653,641.50 0.00
R-I SAL00L1R1 NPR_NP 0.00000% 0.00 0.00 0.00
R-II SAL00L1R2 NPR_NP 0.00000% 0.00 0.00 0.00
R-III SAL00L1R3 NPR_NP 0.00000% 0.00 0.00 0.00
Totals 764,948,564.52 6,090,769.74 9,546,425.39
</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 0.00 613,792,796.38 13,056,972.33 0.00
M-1 0.00 47,203,000.00 275,726.16 0.00
M-2 0.00 41,302,000.00 259,555.82 0.00
M-3 0.00 31,468,000.00 183,563.33 0.00
P 0.00 100.00 207,735.99 0.00
CE 0.00 21,636,242.75 1,653,641.50 0.00
R-I 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00
Totals 0.00 755,402,139.13 15,637,195.13 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 645,109,000.00 623,339,221.77 427,584.56 9,118,840.83 0.00 0.00
M-1 47,203,000.00 47,203,000.00 0.00 0.00 0.00 0.00
M-2 41,302,000.00 41,302,000.00 0.00 0.00 0.00 0.00
M-3 31,468,000.00 31,468,000.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
CE 21,636,342.75 21,636,242.75 0.00 0.00 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00 0.00
Totals 786,718,442.75 764,948,564.52 427,584.56 9,118,840.83 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 9,546,425.39 613,792,796.38 0.95145595 9,546,425.39
M-1 0.00 47,203,000.00 1.00000000 0.00
M-2 0.00 41,302,000.00 1.00000000 0.00
M-3 0.00 31,468,000.00 1.00000000 0.00
P 0.00 100.00 1.00000000 0.00
CE 0.00 21,636,242.75 0.99999538 0.00
R-I 0.00 0.00 0.00000000 0.00
R-II 0.00 0.00 0.00000000 0.00
R-III 0.00 0.00 0.00000000 0.00
Totals 9,546,425.39 755,402,139.13 0.96019376 9,546,425.39
</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 645,109,000.00 966.25410864 0.66280979 14.13534896 0.00000000
M-1 47,203,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 41,302,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 31,468,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
CE 21,636,342.75 999.99537815 0.00000000 0.00000000 0.00000000
R-I 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-III 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All Classes are Per 1,000 Denomination
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
A 0.00000000 14.79815875 951.45594989 0.95145595 14.79815875
M-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
M-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
M-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
P 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
CE 0.00000000 0.00000000 999.99537815 0.99999538 0.00000000
R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A 645,109,000.00 6.99125% 623,339,221.77 3,510,546.94 0.00 0.00
M-1 47,203,000.00 7.25125% 47,203,000.00 275,726.16 0.00 0.00
M-2 41,302,000.00 7.80125% 41,302,000.00 259,555.82 0.00 0.00
M-3 31,468,000.00 7.00000% 31,468,000.00 183,563.33 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
CE 21,636,342.75 0.00000% 21,636,242.75 0.00 0.00 0.00
R-I 0.00 0.00000% 0.00 0.00 0.00 0.00
R-II 0.00 0.00000% 0.00 0.00 0.00 0.00
R-III 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 786,718,442.75 4,229,392.25 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A 0.00 0.00 3,510,546.94 0.00 613,792,796.38
M-1 0.00 0.00 275,726.16 0.00 47,203,000.00
M-2 0.00 0.00 259,555.82 0.00 41,302,000.00
M-3 0.00 0.00 183,563.33 0.00 31,468,000.00
P 0.00 0.00 207,735.99 0.00 100.00
CE 0.00 0.00 1,653,641.50 0.00 21,636,242.75
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 6,090,769.74 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A 645,109,000.00 6.99125% 966.25410864 5.44178881 0.00000000 0.00000000
M-1 47,203,000.00 7.25125% 1000.00000000 5.84128466 0.00000000 0.00000000
M-2 41,302,000.00 7.80125% 1000.00000000 6.28434023 0.00000000 0.00000000
M-3 31,468,000.00 7.00000% 1000.00000000 5.83333323 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
CE 21,636,342.75 0.00000% 999.99537815 0.00000000 0.00000000 0.00000000
R-I 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-III 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) All Classes are per $1,000 denomination.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A 0.00000000 0.00000000 5.44178881 0.00000000 951.45594989
M-1 0.00000000 0.00000000 5.84128466 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 6.28434023 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 5.83333323 0.00000000 1000.00000000
P 0.00000000 0.00000000 77359.90000000 0.00000000 1000.00000000
CE 0.00000000 0.00000000 76.42888260 0.00000000 999.99537815
R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 15,958,154.78
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 15,958,154.78
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 320,959.65
Payment of Interest and Principal 15,637,195.13
Total Withdrawals (Pool Distribution Amount) 15,958,154.78
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 318,728.56
Wells Fargo Bank, N.A. 2,231.09
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 320,959.65
</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 89 0 0 0 89
9,790,377.11 0.00 0.00 0.00 9,790,377.11
60 Days 40 0 0 0 40
5,045,740.82 0.00 0.00 0.00 5,045,740.82
90 Days 14 0 0 0 14
2,577,788.82 0.00 0.00 0.00 2,577,788.82
120 Days 24 0 0 0 24
4,599,247.74 0.00 0.00 0.00 4,599,247.74
150 Days 4 0 0 0 4
469,501.35 0.00 0.00 0.00 469,501.35
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 171 0 0 0 171
22,482,655.84 0.00 0.00 0.00 22,482,655.84
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 1.406670% 0.000000% 0.000000% 0.000000% 1.406670%
1.296048% 0.000000% 0.000000% 0.000000% 1.296048%
60 Days 0.632211% 0.000000% 0.000000% 0.000000% 0.632211%
0.667954% 0.000000% 0.000000% 0.000000% 0.667954%
90 Days 0.221274% 0.000000% 0.000000% 0.000000% 0.221274%
0.341247% 0.000000% 0.000000% 0.000000% 0.341247%
120 Days 0.379327% 0.000000% 0.000000% 0.000000% 0.379327%
0.608848% 0.000000% 0.000000% 0.000000% 0.608848%
150 Days 0.063221% 0.000000% 0.000000% 0.000000% 0.063221%
0.062153% 0.000000% 0.000000% 0.000000% 0.062153%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 2.702703% 0.000000% 0.000000% 0.000000% 2.702703%
2.976250% 0.000000% 0.000000% 0.000000% 2.976250%
</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>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed & Mixed ARM
Weighted Average Gross Coupon 9.732409%
Weighted Average Net Coupon 9.232409%
Weighted Average Pass-Through Rate 9.228910%
Weighted Average Maturity(Stepdown Calculation ) 348
Beginning Scheduled Collateral Loan Count 6,387
Number Of Loans Paid In Full 60
Ending Scheduled Collateral Loan Count 6,327
Beginning Scheduled Collateral Balance 764,948,564.52
Ending Scheduled Collateral Balance 755,402,139.13
Ending Actual Collateral Balance at 30-Jun-2000 755,402,139.13
Monthly P&I Constant 6,631,577.99
Ending Scheduled Balance for Premium Loans 755,402,139.13
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Credit Enhancement Percentage 18.77%
Loss Severity Percentage 0.00%
Aggregate Loss Severity Percentage 0.00%
Bankruptcy Reporting $0.00
</TABLE>
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