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Previous: VANDERBILT MORT & FI INC MAN HO CO SE SU PAS TH CE SE 2000A, 8-K, 2000-12-19 |
Next: CURIS INC, S-1/A, 2000-12-19 |
<PAGE> 1
Exhibit 20
Bank of New York Determination Date: 03-Nov-00
Manufactured Housing Contracts Remittance Date: 07-Nov-00
Senior/Subordinated Pass-Through
Certificates Series 2000A For the Period Ended: 25-Nov-00
Lock-Out Date: Mar-05
<TABLE>
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 1,904,343.18 208,450.00 208,533.33 180,240.41
(b) Formula Principal Distribution Amount
(a) Scheduled Principal Due 351,220.12
(b) Partial Prepayments Received 105,543.18
(c) Principal Payments in Full (Scheduled Balance) 1,227,769.06
(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 1,684,532.36 0.00 0.00 0.00
(c) Interest Distribution 219,810.82 208,450.00 208,533.33 180,240.41
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------- ------------- -------------
Total Interest Distribution 219,810.82 208,450.00 208,533.33 180,240.41
(d) Beginning Class I A and Class I B Principal Balance 39,077,478.41 33,000,000.00 32,000,000.00 27,189,000.00
Less: Principal Distribution 1,684,532.36 0.00 0.00 0.00
------------- ------------- ------------- -------------
Remaining Class A and Class B Principal Balance 37,392,946.05 33,000,000.00 32,000,000.00 27,189,000.00
(e) Fees Due Servicer
Monthly Servicing Fee 174,807.79 (h) Pool Factor
Section 8.06 Reimbursement Amount 0.00 Class I A-1 0.69246196
Section 6.02 Reimbursement Amount 48,765.87 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 223,573.66 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>
(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
1,235,120.86
(c) Interest Distribution 1,086,987.12
Unpaid Interest Shortfall
Total Interest Distribution
When
(d) Beginning Class I A and Class I B Principal Balance 166,130,946.05
Less: Principal Distribution 1,684,532.36 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% 39,077,478.41 2,637,730
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
167,815,478.41 13,043,845 7.77%
</TABLE>
<PAGE> 2
Bank of New York Determination Date: 03-Nov-00
Manufactured Housing Contracts Remittance Date: 07-Nov-00
Senior/Subordinated Pass-Through
Certificates Series 2000A For the Period Ended: 25-Nov-00
Lock-Out Date: Mar-05
<TABLE>
<CAPTION>
Unpaid Unpaid
No. of Principal Delinquency as No. of Principal
(f) Delinquency as of the 25th Contracts Balance of Calendar Month Contracts Balance
<S> <C> <C> <C> <C> <C>
31-59 Days Delinquent 233 7,749,333 31-59 Days Delinquent 4,836,949 4,836,949
60-89 Days Delinquent 52 1,654,036 60-89 Days Delinquent 41 1,367,509
90+ Days Delinquent 127 4,275,879 90+ Days Delinquent 120 4,036,867
3-Month Avg Thirty-Day Delinquency Ratio 4.73% 3-Month Avg Thirty-Day
3-Month Avg Sixty-Day Delinquency Ratio 3.34% Delinquency Ratio 2.95%
3-Month Avg Sixty-Day
(g) Section 3.05 Repurchases 0.00 Delinquency Ratio 2.99%
(i) Class R Distribution Amount 0.00 Acquisition Loss Amount
Reposession Profits 0.00
Current Month Acquisition Loss Amount 48,451.07
(j) Principal Balance of Contracts in Repossession 1,792,812.57 Cumulative Acquisition Loss Amount 233,024.83
(k) Aggregate Net Liquidation Losses 0.00
(l) (x) Class B-2 Formula Distribution Amount 98,605.00
(y) Remaining Amount Available 246,738.74
------------
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 18 554,136.21
(q) Principal Prepayments paid 1,333,312.24
(r) Scheduled Principal Payments 351,220.12
(s) Weighted Average Interest Rate 10.94%
</TABLE>
<PAGE> 3
Bank of New York Determination Date: 03-Nov-00
Manufactured Housing Contracts Remittance Date: 07-Nov-00
Senior/Subordinated Pass-Through
Certificates Series 2000A For the Period Ended: 25-Nov-00
Lock-Out Date: Mar-05
<TABLE>
<CAPTION>
Computation of Available Distribution Amount
<S> <C>
(i) Certificate Account Balance at Monthly Cutoff-Vanderbilt 2,752,791.56
Certificate Account Balance at Monthly Cutoff-SubServicer-21st 517,041.57
(ii) Monthly Advance made 0.00
(iii) Section 5.05 Certificate Fund Income-Vanderbilt 10,604.35
(iii) Section 5.05 Certificate Fund Income-SubServicer-21st 1,687.95
(v) Principal due Holders 0.00
Less:
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-Vanderbilt 127,702.40
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-SubServicer-21st 11,196.15
(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 174,807.79
(iv) Reimbursable Liquidation Expenses 48,765.87
(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 223,573.66
Available Distribution Amount-Vanderbilt 2,412,119.85
Available Distribution Amount-SubServicer-21st 507,533.37
To Class A and B 2,771,519.48
Monthly Excess Cashflow 148,133.74
Weighted Average Remaining Term (months) 216.00
Scheduled Balance Computation
Prior Month Balance 167,815,478.41
Current Balance 166,245,520.94
Adv Principal 33,206.81
Del Principal 147,781.70
Pool Scheduled Balance 166,130,946.05
Principal Payments in Full 1,227,769.06
Partial Prepayments 105,543.18
Scheduled Principal 351,220.12
Collateral Balance 166,245,520.94
</TABLE>
<PAGE> 4
Bank of New York Determination Date: 03-Nov-00
Manufactured Housing Contracts Remittance Date: 07-Nov-00
Senior/Subordinated Pass-Through
Certificates Series 2000A For the Period Ended: 25-Nov-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 1,141,545.87 53,670.08 35,366.87 44,904.57
(w) Formula Principal Distribution Amount
(a) Scheduled Principal Due 118,198.71
(b) Partial Prepayments Received (5,649.28)
(c) Principal Payments in Full (Scheduled Balance) 700,190.44
(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 812,739.87 0.00 0.00 0.00
(x) Interest Distribution 328,806.00 53,670.08 35,366.87 44,904.57
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------ ------------ ------------
Total Interest Distribution 328,806.00 53,670.08 35,366.87 44,904.57
(y) Beginning Class I A and Class I B Principal Balance 57,018,382.13 9,071,000.00 4,867,000.00 5,974,000.00
Less: Principal Distribution 812,739.87 0.00 0.00 0.00
------------- ------------ ------------ ------------
Remaining Class A and Class B Principal Balance 56,205,642.26 9,071,000.00 4,867,000.00 5,974,000.00
(z) Fees Due Servicer
Monthly Servicing Fee 83,362.00 (ac) Pool Factor Original Balance
Section 8.06 Reimbursement Amount 0.00 Class II A-1 0.81959902 68,577,000.00
Section 6.02 Reimbursement Amount 14,000.00 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 97,362.00
<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 462,747.52
Unpaid Interest Shortfall
Total Interest Distribution When
76,117,642.26
(y) Beginning Class I A and Class I B Principal Balance is less than
Less: Principal Distribution 812,739.87 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% 57,018,382 3,945,672
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 76,930,382 5,552,970 7.22%
</TABLE>
<PAGE> 5
Bank of New York Determination Date: 03-Nov-00
Manufactured Housing Contracts Remittance Date: 07-Nov-00
Senior/Subordinated Pass-Through
Certificates Series 2000A For the Period Ended: 25-Nov-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>
31-59 Days Delinquent 47 2,140,962 31-59 Days Delinquent 1,028,674 1,028,674
60-89 Days Delinquent 14 679,173 60-89 Days Delinquent 12 623,765
90+ Days Delinquent 15 730,889 90+ Days Delinquent 14 688,930
3-Month Avg Thirty-Day Delinquency Ratio 3.14% 3-Month Avg Thirty-Day
3-Month Avg Sixty-Day Delinquency Ratio 1.36% Delinquency Ratio 1.63%
3-Month Avg Sixty-Day
(ab) Section 3.05 Repurchases 0.00 Delinquency Ratio 1.14%
(ad) Class R Distribution Amount 222,406.89
Reposession Profits 0.00
(ae) Principal Balance of Contracts in Repossession 0.00
(af) Aggregate Net Liquidation Losses 0.00
(ag) (x) Class B-3 Formula Distribution Amount 44,904.57
(y) Remaining Amount Available 74,273.15
---------
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 0 0.00
(al) Principal Prepayments paid 694,541.16
(am) Scheduled Principal Payments 118,198.71
(an) Weighted Average Interest Rate 10.04%
</TABLE>
<PAGE> 6
Bank of New York Determination Date: 03-Nov-00
Manufactured Housing Contracts Remittance Date: 07-Nov-00
Senior/Subordinated Pass-Through
Certificates Series 2000A For the Period Ended: 25-Nov-00
Lock-Out Date: Mar-05
<TABLE>
<CAPTION>
Computation of Available Distribution Amount
<S> <C>
(i) Certificate Account Balance at Monthly Cutoff-Vanderbilt 1,479,179.61
(ii) Monthly Advance made 0.00
(iii) Section 5.05 Certificate Fund Income-Vanderbilt 5,345.21
(v) Principal due Holders 0.00
Less:
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-Vanderbilt 37,402.28
(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 83,362.00
(iv) Reimbursable Liquidation Expenses 14,000.00
(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 97,362.00
Available Distribution Amount 1,349,760.54
To Class A and B - Scheduled Principal and Interest 1,275,487.39
Monthly Excess Cashflow Class II 74,273.15
Monthly Excess Cashflow Class I 148,133.74
Accelerated Principal Payment 0.00
Weighted Average Remaining Term (months) 254.00
Scheduled Balance Computation
Prior Month Balance 80,027,520.80
Current Balance 79,249,564.00
Adv Principal 5,905.16
Del Principal 40,688.23
Pool Scheduled Balance 79,214,780.93
Principal Payments in Full 700,190.44
Partial Prepayments (5,649.28)
Scheduled Principal 118,198.71
Collateral Balance 79,249,564.00
Overcollateralization Amount 3,097,139
Required Overcollateralization Amount 3,097,139
</TABLE>
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