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Previous: VANDERBILT MORT & FI INC MAN HO CO SE SU PAS TH CE SE 2000A, 8-K, 2000-11-21 |
Next: ADVANTA BUSINESS RECIEVABLES CORP, 8-K, 2000-11-21 |
<PAGE> 1
Exhibit 20
Bank of New York Determination Date: 02-Nov-00
Manufactured Housing Contracts Remittance Date: 07-Nov-00
Senior/Subordinated Pass-Through
Certificates Series 2000A For the Period Ended: 25-Oct-00
Lock-Out Date: Mar-05
<TABLE>
<CAPTION>
Information for Clauses (a) through (s), Section 7.01 - GROUP I
Class I A-1 Class I A-2 Class I A-3 Class I A-4
<S> <C> <C> <C> <C>
(a) Class I A and Class I B Distribution Amounts 1,836,270.49 208,450.00 208,533.33 180,240.41
(b) Formula Principal Distribution Amount
(a) Scheduled Principal Due 347,744.77
(b) Partial Prepayments Received 268,749.27
(c) Principal Payments in Full (Scheduled Balance) 1,006,101.06
(d) Liquidated Contract Scheduled Balance 0.00
(e) Section 3.05 Purchase Scheduled Balance 0.00
(f) Previously Undistributed Shortfalls in (a) through (e) 0.00
------------- ------------- ------------- -------------
Total Principal Distribution 1,622,595.10 0.00 0.00 0.00
(c) Interest Distribution 213,675.39 208,450.00 208,533.33 180,240.41
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------- ------------- -------------
Total Interest Distribution 213,675.39 208,450.00 208,533.33 180,240.41
(d) Beginning Class I A and Class I B Principal Balance 40,700,073.51 33,000,000.00 32,000,000.00 27,189,000.00
Less: Principal Distribution 1,622,595.10 0.00 0.00 0.00
------------- ------------- ------------- -------------
Remaining Class A and Class B Principal Balance 39,077,478.41 33,000,000.00 32,000,000.00 27,189,000.00
(e) Fees Due Servicer
Monthly Servicing Fee 176,497.99 (h) Pool Factor
Section 8.06 Reimbursement Amount 0.00 Class I A-1 0.72365701
Section 6.02 Reimbursement Amount 30,551.16 Class I A-2 1.00000000
Reimburseable Fees 0.00 Class I A-3 1.00000000
------------- Class I A-4 1.00000000
Total Fees Due Servicer 207,049.15 Class I A-5 1.00000000
Class I M-1 1.00000000
Class I B-1 1.00000000
Class I B-2 1.00000000
<CAPTION>
Information for Clauses (a) through (s), Section 7.01 - GROUP I
Class I A-5 Class I M-1 Class I B-1 Class I B-2
<S> <C> <C> <C> <C>
(a) Class I A and Class I B Distribution Amounts 62,398.10 52,601.54 56,347.92 98,605.00
(b) Formula Principal Distribution Amount
(a) Scheduled Principal Due
(b) Partial Prepayments Received
(c) Principal Payments in Full (Scheduled Balance)
(d) Liquidated Contract Scheduled Balance
(e) Section 3.05 Purchase Scheduled Balance
(f) Previously Undistributed Shortfalls in (a) through (e)
------------- ------------ ------------ -------------
Total Principal Distribution 0.00 0.00 0.00 0.00
(c) Interest Distribution 62,398.10 52,601.54 56,347.92 98,605.00
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------ ------------ -------------
Total Interest Distribution 62,398.10 52,601.54 56,347.92 98,605.00
(d) Beginning Class I A and Class I B Principal Balance 9,137,000.00 7,310,000.00 7,310,000.00 12,792,000.00
Less: Principal Distribution 0.00 0.00 0.00 0.00
------------- ------------ ------------ -------------
Remaining Class A and Class B Principal Balance 9,137,000.00 7,310,000.00 7,310,000.00 12,792,000.00
(e) Fees Due Servicer
Monthly Servicing Fee Original Balance Rate
Section 8.06 Reimbursement Amount 54,000,000.00 6.7500% 6.62000% Libor
Section 6.02 Reimbursement Amount 33,000,000.00 7.5800% 0.13% Spread
Reimburseable Fees 32,000,000.00 7.8200%
27,189,000.00 7.9550%
Total Fees Due Servicer 9,137,000.00 8.1950%
7,310,000.00 8.6350%
7,310,000.00 9.2500%
12,792,000.00 9.2500%
<CAPTION>
Information for Clauses (a) through (s), Section 7.01 - GROUP I
<S> <C> <C> <C> <C> <C>
(a) Class I A and Class I B Distribution Amounts
(b) Formula Principal Distribution Amount
(a) Scheduled Principal Due
(b) Partial Prepayments Received
(c) Principal Payments in Full (Scheduled Balance)
(d) Liquidated Contract Scheduled Balance
(e) Section 3.05 Purchase Scheduled Balance
(f) Previously Undistributed Shortfalls in (a) through (e)
Total Principal Distribution
1,290,838.04
(c) Interest Distribution 1,080,851.69
Unpaid Interest Shortfall
Total Interest Distribution
When
(d) Beginning Class I A and Class I B Principal Balance 167,815,478.41
Less: Principal Distribution 1,622,595.10 is less than
182,738,000.00
Remaining Class A and Class B Principal Balance 0.10
18,273,800.00
(e) Fees Due Servicer We can prepay
Monthly Servicing Fee Rate
Section 8.06 Reimbursement Amount Class A-1 6.750% 40,700,073.51 2,747,255
Section 6.02 Reimbursement Amount Class A-2 7.580% 33,000,000.00 2,501,400
Reimburseable Fees Class A-3 7.820% 32,000,000.00 2,502,400
Class A-4 7.955% 27,189,000.00 2,162,885
Total Fees Due Servicer Class A-5 8.195% 9,137,000.00 748,777
Class A-6 8.635% 7,310,000.00 631,219
Class B-1 9.250% 7,310,000.00 676,175
Class B-2 9.250% 12,792,000.00 1,183,260
169,438,073.51 13,153,371 7.76%
</TABLE>
<PAGE> 2
Bank of New York Determination Date: 02-Nov-00
Manufactured Housing Contracts Remittance Date: 07-Nov-00
Senior/Subordinated Pass-Through
Certificates Series 2000A For the Period Ended: 25-Oct-00
Lock-Out Date: Mar-05
<TABLE>
<CAPTION>
Unpaid Unpaid
No. of Principal Delinquency as of No. of Principal
(f) Delinquency as of the 25th Contracts Balance Calendar Month Contracts Balance
<S> <C> <C> <C> <C> <C> <C>
31-59 Days Delinquent 237 7,582,226 31-59 Days Delinquent 138 4,603,475
60-89 Days Delinquent 67 2,134,166 60-89 Days Delinquent 54 1,668,594
90+ Days Delinquent 109 3,689,982 90+ Days Delinquent 104 3,485,028
3-Month Avg Thirty-Day Delinquency Ratio 4.93% 3-Month Avg Thirty-Day
Delinquency Ratio 3.21%
3-Month Avg Sixty-Day Delinquency Ratio 3.07% 3-Month Avg Sixty-Day
Delinquency Ratio 2.76%
(g) Section 3.05 Repurchases 0.00
(i) Class R Distribution Amount 0.00 Acquisition Loss Amount
Reposession Profits 0.00
Current Month Acquisition Loss
Amount 53,719.69
(j) Principal Balance of Contracts in Repossession 1,585,778.62 Cumulative Acquisition Loss
Amount 184,573.76
(k) Aggregate Net Liquidation Losses 0.00
(l) (x) Class B-2 Formula Distribution Amount 98,605.00
(y) Remaining Amount Available 308,591.35
-------------
Amount of (x) over (y) 0.00
(m) Class B-2 Liquidation Loss Amount 0.00
(n) Guarantee Payment 0.00
(o) Unadvanced Shortfalls 0.00
No. $
(p) Units repossessed 17 500,235.84
(q) Principal Prepayments paid 1,274,850.33
(r) Scheduled Principal Payments 347,744.77
(s) Weighted Average Interest Rate 10.94%
</TABLE>
<PAGE> 3
Bank of New York Determination Date: 02-Nov-00
Manufactured Housing Contracts Remittance Date: 07-Nov-00
Senior/Subordinated Pass-Through
Certificates Series 2000A For the Period Ended: 25-Oct-00
Lock-Out Date: Mar-05
<TABLE>
<CAPTION>
Computation of Available Distribution Amount
<S> <C> <C>
(i) Certificate Account Balance at Monthly Cutoff-Vanderbilt 3,008,261.68
Certificate Account Balance at Monthly Cutoff-SubServicer-21st 241,917.08
(ii) Monthly Advance made 0.00
(iii) Section 5.05 Certificate Fund Income-Vanderbilt 12,283.78
(iii) Section 5.05 Certificate Fund Income-SubServicer-21st 1,130.61
(v) Principal due Holders 0.00
Less:
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-Vanderbilt 130,706.87
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-SubServicer-21st 12,403.99
(ii) Due to the Servicer Pursuant to Section 6.02:
(i) Section 3.05 Purchases (Due Seller) 0.00
(ii) Reimbursement for taxes from Liquidation Proceeds 0.00
(iii) Monthly Servicing Fee 176,497.99
(iv) Reimbursable Liquidation Expenses 30,551.16
(v) Section 6.04(c) reimbursement 0.00
(vi) Section 8.06 reimbursement 0.00
(vii) Amounts not required to be deposited-SubServicer-21st 0.00
Total Due Servicer 207,049.15
Available Distribution Amount-Vanderbilt 2,682,789.44
Available Distribution Amount-SubServicer-21st 230,643.70
To Class A and B 2,703,446.79
Monthly Excess Cashflow 209,986.35
Weighted Average Remaining Term (months) 217.00
Scheduled Balance Computation
Prior Month Balance 169,438,073.51
Current Balance 167,914,215.74
Adv Principal 33,557.89
Del Principal 132,295.22
Pool Scheduled Balance 167,815,478.41
Principal Payments in Full 1,006,101.06
Partial Prepayments 268,749.27
Scheduled Principal 347,744.77
Collateral Balance 167,914,215.74
</TABLE>
<PAGE> 4
Bank of New York Determination Date: 02-Nov-00
Manufactured Housing Contracts Remittance Date: 07-Nov-00
Senior/Subordinated Pass-Through
Certificates Series 2000A For the Period Ended: 25-Oct-00
Lock-Out Date: Mar-05
<TABLE>
<CAPTION>
Information for Clauses (v) through (ap), Section 7.01 - GROUP II
Class II A-1 Class II B-1 Class II B-2 Class II B-3
<S> <C> <C> <C> <C>
(v) Class II A and Class II B Distribution Amounts 1,364,813.96 50,092.08 33,009.08 41,910.93
(w) Formula Principal Distribution Amount
(a) Scheduled Principal Due 109,258.48
(b) Partial Prepayments Received 35,568.47
(c) Principal Payments in Full (Scheduled Balance) 907,437.88
(d) Liquidated Contract Scheduled Balance 0.00
(e) Section 3.05 Purchase Scheduled Balance 0.00
(f) Previously Undistributed Shortfalls in (a) through (e) 0.00
(g) Accelerated Principal Payment 0.00
------------- ------------ ------------ ------------
Total Principal Distribution 1,052,264.83 0.00 0.00 0.00
(x) Interest Distribution 312,549.13 50,092.08 33,009.08 41,910.93
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------ ------------ ------------
Total Interest Distribution 312,549.13 50,092.08 33,009.08 41,910.93
(y) Beginning Class I A and Class I B Principal Balance 58,070,646.96 9,071,000.00 4,867,000.00 5,974,000.00
Less: Principal Distribution 1,052,264.83 0.00 0.00 0.00
------------- ------------ ------------ ------------
Remaining Class A and Class B Principal Balance 57,018,382.13 9,071,000.00 4,867,000.00 5,974,000.00
(z) Fees Due Servicer
Monthly Servicing Fee 84,458.11 (ac) Pool Factor Original Balance
Section 8.06 Reimbursement Amount 0.00 Class II A-1 0.83145052 68,577,000.00
Section 6.02 Reimbursement Amount 20,000.00 Class II B-1 1.00000000 9,071,000.00
Reimburseable Fees 0.00 Class II B-2 1.00000000 4,867,000.00
------------- Class II B-3 1.00000000 5,974,000.00
Total Fees Due Servicer 104,458.11
<CAPTION>
Information for Clauses (v) through (ap), Section 7.01 - GROUP II
<S> <C> <C> <C> <C> <C> <C>
(v) Class II A and Class II B Distribution Amounts
(w) Formula Principal Distribution Amount
(a) Scheduled Principal Due
(b) Partial Prepayments Received
(c) Principal Payments in Full (Scheduled Balance)
(d) Liquidated Contract Scheduled Balance
(e) Section 3.05 Purchase Scheduled Balance
(f) Previously Undistributed Shortfalls in (a) through (e)
(g) Accelerated Principal Payment
Total Principal Distribution
(x) Interest Distribution 437,561.22
Unpaid Interest Shortfall
Total Interest Distribution When
76,930,382.13
(y) Beginning Class I A and Class I B Principal Balance is less than
Less: Principal Distribution 1,052,264.83 88,489,000.00
X
Remaining Class A and Class B Principal Balance 0.10
8,848,900.00
(z) Fees Due Servicer We can prepaid
Monthly Servicing Fee Rate Libor Spread
Section 8.06 Reimbursement Amount 6.9200% 6.62000% 0.30% 58,070,647 4,018,489
Section 6.02 Reimbursement Amount 7.1000% 0.48% 9,071,000 644,041
Reimburseable Fees 8.7200% 2.10% 4,867,000 424,402
9.0200% 2.40% 5,974,000 538,855
----------------------
Total Fees Due Servicer 77,982,647 5,625,787 7.21%
</TABLE>
<PAGE> 5
Bank of New York Determination Date: 02-Nov-00
Manufactured Housing Contracts Remittance Date: 07-Nov-00
Senior/Subordinated Pass-Through
Certificates Series 2000A For the Period Ended: 25-Oct-00
Lock-Out Date: Mar-05
<TABLE>
<CAPTION>
Unpaid Unpaid
No. of Principal Delinquency as No. of Principal
(aa) Delinquency as of the 25th Contracts Balance of Calendar Month Contracts Balance
<S> <C> <C> <C> <C> <C> <C> <C>
31-59 Days Delinquent 60 2,892,797 31-59 Days Delinquent 32 1,579,770
60-89 Days Delinquent 8 338,012 60-89 Days Delinquent 7 313,871
90+ Days Delinquent 10 530,853 90+ Days Delinquent 9 476,273
3-Month Avg Thirty-Day Delinquency Ratio 3.33% 3-Month Avg Thirty-Day
Delinquency Ratio 1.66%
3-Month Avg Sixty-Day Delinquency Ratio 1.09% 3-Month Avg Sixty-Day
Delinquency Ratio 0.90%
(ab) Section 3.05 Repurchases 0.00
(ad) Class R Distribution Amount 311,238.15
Reposession Profits 0.00
(ae) Principal Balance of Contracts in Repossession 73,899.68
(af) Aggregate Net Liquidation Losses 0.00
(ag) (x) Class B-3 Formula Distribution Amount 41,910.93
(y) Remaining Amount Available 101,251.80
------------
Amount of (x) over (y) 0.00
(ah) Class B-2 Liquidation Loss Amount 0.00
(ai) Guarantee Payment 0.00
(aj) Unadvanced Shortfalls 0.00
No. $
(ak) Units repossessed 2 76,451.67
(al) Principal Prepayments paid 943,006.35
(am) Scheduled Principal Payments 109,258.48
(an) Weighted Average Interest Rate 10.03%
</TABLE>
<PAGE> 6
Bank of New York Determination Date: 02-Nov-00
Manufactured Housing Contracts Remittance Date: 07-Nov-00
Senior/Subordinated Pass-Through
Certificates Series 2000A For the Period Ended: 25-Oct-00
Lock-Out Date: Mar-05
<TABLE>
<CAPTION>
Computation of Available Distribution Amount
<S> <C> <C>
(i) Certificate Account Balance at Monthly Cutoff-Vanderbilt 1,728,745.34
(ii) Monthly Advance made 0.00
(iii) Section 5.05 Certificate Fund Income-Vanderbilt 6,967.67
(v) Principal due Holders 0.00
Less:
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-Vanderbilt 40,177.05
(ii) Due to the Servicer Pursuant to Section 6.02:
(i) Section 3.05 Purchases (Due Seller) 0.00
(ii) Reimbursement for taxes from Liquidation Proceeds 0.00
(iii) Monthly Servicing Fee 84,458.11
(iv) Reimbursable Liquidation Expenses 20,000.00
(v) Section 6.04(c) reimbursement 0.00
(vi) Section 8.06 reimbursement 0.00
(vii) Amounts not required to be deposited-SubServicer 0.00
Total Due Servicer 104,458.11
Available Distribution Amount 1,591,077.85
To Class A and B - Scheduled Principal and Interest 1,489,826.05
Monthly Excess Cashflow Class II 101,251.80
Monthly Excess Cashflow Class I 209,986.35
Accelerated Principal Payment 0.00
Weighted Average Remaining Term (months) 255.00
Scheduled Balance Computation
Prior Month Balance 81,079,785.63
Current Balance 80,052,473.89
Adv Principal 5,910.12
Del Principal 30,863.21
Pool Scheduled Balance 80,027,520.80
Principal Payments in Full 907,437.88
Partial Prepayments 35,568.47
Scheduled Principal 109,258.48
Collateral Balance 80,052,473.89
Overcollateralization Amount 3,097,139
Required Overcollateralization Amount 3,097,139
</TABLE>
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