SALOMON BROTHERS MORT SEC VII INC MORT PAS TH CE SER 2000-1
8-K, EX-99.1466, 2000-12-06
ASSET-BACKED SECURITIES
Previous: SALOMON BROTHERS MORT SEC VII INC MORT PAS TH CE SER 2000-1, 8-K, 2000-12-06
Next: PNC MORTGAGE SECURITIES CORP MORT PASS THRO CERT SER 2000-2, 8-K, 2000-12-06




                           CitiMortgage, Inc.
           Distribution Date Statement to Certificateholders
                     Remic Pass-Through Certificate
                        Series Name: SBM7 2000-01
                        Payment Date: 11/27/2000

 Issuer:               Salomon Brothers Mortgage Securities VII, Inc
 Record Date:          31-Oct-00
 Distribution Date:    27-Nov-00
 Distribution #:       8
 W.A.C.                 9.35%


 Trustee                U.S. Bank National Association
                        Jason Giel  (651) 244-1171

 Bond Administrator     CitiMortgage, Inc
                        Cathy Johnson (636) 256-6442

 <TABLE>
 <CAPTION>
-----------------------------------------------------------------------------------------------------------------
                                                Next
                                      Current   Succeeding
      Class  Coupon Type              Coupon    Coupon         Original Par          CUSIP #
-----------------------------------------------------------------------------------------------------------------
<S>   <C>    <C>                      <C>    <C>             <C>                  <C>          <C>
   ~  A1     Floating Libor           7.22000        7.21750%       $77,657,158.00   79548K3 A4
** ~  A2     Inverse Floating Lib     1.78000        1.78250%       $77,657,158.00   79548K3 B2
      A-PO   Principal Only           0.00000        0.00000%        $3,087,842.26   79548K3 F3
**    A-IO   WAC IO                   0.40812        0.39213%       $82,393,708.61   79548K3 G1
                                                               -------------------
                                                Class A Total       $80,745,000.26

      B1     SUBORDINATED             9.00000        9.00000%          $618,000.00   79548K3 C0
      B2     SUBORDINATED             9.00000        9.00000%          $206,000.00   79548K3 D8
      B3     SUBORDINATED             9.00000        9.00000%          $206,000.00   79548K3 E6
      B4     SUBORDINATED             9.00000        9.00000%          $330,000.00   7956419X9*
      B5     SUBORDINATED             9.00000        9.00000%          $123,000.00   7956419Y7*
      B6     SUBORDINATED             9.00000        9.00000%          $165,708.35   7956419Z4*
                                                               -------------------
                                              Class SUB Total        $1,648,708.35

                                                               ===================
                                                                    $82,393,708.61
** Denotes Notional Balance
~  These classes constitute regular interests in a separate REMIC election in the same trust.

</TABLE>
                                CitiMortgage, Inc.
                Distribution Date Statement to Certificate Holders
                          Remic Pass-Through Certificate
                             Series Name: SBM7 2000-01
                             Payment Date: 11/27/2000

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------
                                     Non
                 Interest         Supported       Interest      Interest        Principal
   CLASS         Accrued          Shortfall      Shortfall     Recoveries       Recoveries      Interest Paid
-----------------------------------------------------------------------------------------------------------------
<S>        <C>               <C>              <C>           <C>             <C>             <C>
         A1       $415,751.29            $0.00         $0.00           $0.00           $0.00          $415,751.29
         A2       $102,498.24            $0.00         $0.00           $0.00           $0.00          $102,498.24
       A-PO             $0.00            $0.00         $0.00           $0.00           $0.00                $0.00
       A-IO        $24,997.04            $0.00         $0.00           $0.00           $0.00           $24,997.04
             ----------------------------------------------------------------------------------------------------
A Total           $543,246.57            $0.00         $0.00           $0.00           $0.00          $543,246.57


        RES             $0.00            $0.00         $0.00           $0.00           $0.00                $0.00
             ----------------------------------------------------------------------------------------------------
RES Total               $0.00            $0.00         $0.00           $0.00           $0.00                $0.00


         B1         $4,523.08            $0.00         $0.00           $0.00           $0.00            $4,523.08
         B2         $1,507.69            $0.00         $0.00           $0.00           $0.00            $1,507.69
         B3         $1,507.69            $0.00         $0.00           $0.00           $0.00            $1,507.69
         B4         $2,415.24            $0.00         $0.00           $0.00           $0.00            $2,415.24
         B5           $900.22            $0.00         $0.00           $0.00           $0.00              $900.22
         B6         $1,212.80            $0.00         $0.00           $0.00           $0.00            $1,212.80
             ----------------------------------------------------------------------------------------------------
SUB Total          $12,066.72            $0.00         $0.00           $0.00           $0.00           $12,066.72


            =====================================================================================================
 Total            $555,313.29            $0.00         $0.00           $0.00           $0.00          $555,313.29


</TABLE>
 <TABLE>
 <CAPTION>

    ---------------------------------------------------------------------------
                    Interest            Cum Unpaid           Relief Act
                    Paid Per             Interest             Interest
     CLASS        Certificate           Shortfalls           Shortfalls
    ---------------------------------------------------------------------------

<S>           <C>               <C>                   <C>
            A1        5.35367635                 $0.00                 $0.00
            A2        1.31988142                 $0.00                 $0.00
          A-PO        0.00000000                 $0.00                 $0.00
          A-IO        0.30338530                 $0.00                 $0.00
                                         --------------------------------------
       A Total                                   $0.00                 $0.00

           RES        0.00000000                 $0.00                 $0.00
                                         --------------------------------------
     RES Total                                   $0.00                 $0.00

            B1        7.31889968                 $0.00                 $0.00
            B2        7.31888350                 $0.00                 $0.00
            B3        7.31888350                 $0.00                 $0.00
            B4        7.31890909                 $0.00                 $0.00
            B5        7.31886179                 $0.00                 $0.00
            B6        7.31888284                 $0.00                 $0.00
                                         --------------------------------------
     SUB Total                                   $0.00                 $0.00

                                         ======================================
       Total                                     $0.00                 $0.00

</TABLE>
                               CitiMortgage, Inc.
               Distribution Date Statement to Certificateholders
                         Remic Pass-Through Certificate
                             Series Name: SBM7 2000-01
                             Payment Date: 11/27/2000

<TABLE>
<CAPTION>

--------------------------------------------------------------------------------------------------------------------------------
                                            Certificate
                                             Reductions
                                            not part of                            Principal
                                           distributions                              Paid          Cumulative
                     Principal               to reduce          Principal             Per            Principal
        CLASS        Due                   Stated Amount           Paid            Certificate         Loss

--------------------------------------------------------------------------------------------------------------------------------
<S>                 <C>                 <C>                  <C>               <C>              <C>
                  A1       $1,619,787.96                $0.00     $1,619,787.96      20.85819262            0.00
                  A2                $.00                $0.00              $.00       0.00000000            0.00
                A-PO          $26,549.59                $0.00        $26,549.59       8.59810436            0.00
                A-IO                $.00                $0.00              $.00       0.00000000            0.00
                      ----------------------------------------------------------------------------------------------------------
             A Total       $1,646,337.55                $0.00     $1,646,337.55                             0.00

                  B1           $2,222.25                $0.00         $2,222.25       3.59587379            0.00
                  B2             $740.76                $0.00           $740.76       3.59592233            0.00
                  B3             $740.76                $0.00           $740.76       3.59592233            0.00
                  B4           $1,186.65                $0.00         $1,186.65       3.59590909            0.00
                  B5             $442.30                $0.00           $442.30       3.59593496            0.00
                  B6             $595.87                $0.00           $595.87       3.59589604            0.00
                      ----------------------------------------------------------------------------------------------------------
           SUB Total           $5,928.59                $0.00         $5,928.59                             0.00

                      ==========================================================================================================
          Total            $1,652,266.14                $0.00     $1,652,266.14                             0.00

                      Aggr. Scheduled Principal Payments:           $273,799.92
                            Aggr.  Principal Prepayments:         $1,378,466.22

  </TABLE>

                                     CitiMortgage, Inc.
                      Distribution Date Statement to Certificateholders
                               Remic Pass-Through Certificate
                                  Series Name: SBM7 2000-01
                                  Payment Date: 11/27/2000

<TABLE>
<CAPTION>

-----------------------------------------------------------------------------------------------------------------------------------
                            Previous                 Ending                Ending            Ending
                             Period's               Period's             Balance Per         Balance              Ending
CLASS                        Balance                 Balance             Certificate       Pool Factor          Class PCT
-----------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                      <C>                    <C>                 <C>               <C>
                 A1           $69,099,936.79         $67,480,148.83        868.94950276        0.86894950         97.6796509209 %
              ** A2           $69,099,936.79         $67,480,148.83        868.94950276        0.86894950          0.0000000000 %
               A-PO            $2,789,789.97          $2,763,240.38        894.87744105        0.89487744          0.0000000000 %
            ** A-IO           $73,498,624.85         $71,846,358.71        871.98840691        0.87198841          0.0000000000 %
                    ---------------------------------------------------------------------------------------------------------------
            A Total           $71,889,726.76         $70,243,389.21                                               97.6796509209 %

                 B1              $603,077.57            $600,855.32        972.25779935        0.97225780          0.8697570905 %
                 B2              $201,025.86            $200,285.10        972.25776699        0.97225777          0.2899190205 %
                 B3              $201,025.86            $200,285.10        972.25776699        0.97225777          0.2899190205 %
                 B4              $322,031.71            $320,845.06        972.25775758        0.97225776          0.4644333779 %
                 B5              $120,029.99            $119,587.69        972.25764228        0.97225764          0.1731069658 %
                 B6              $161,707.10            $161,111.23        972.25776492        0.97225776          0.2332136040 %
                    ---------------------------------------------------------------------------------------------------------------
          SUB Total            $1,608,898.09          $1,602,969.50                                                2.3203490791 %

                    ===============================================================================================================
              Total           $73,498,624.85         $71,846,358.71                                              100.0000000000 %

         PO Balance            $2,789,789.97          $2,763,240.38
     Non PO Balance           $70,708,834.88         $69,083,118.33
** Denotes Notional Balance
</TABLE>

<TABLE>
<CAPTION>

-----------------------------------------------------------------------------------------------------------------------------------
                        Previous             Ending             Begining
                        Period's             Period's         Balance Per          Beginning            Prepayment
CLASS                    Balance             Balance          Certificate           Class PCT           Percentage
-----------------------------------------------------------------------------------------------------------------------------------
<S>               <C>                <C>                   <C>              <C>                    <C>
                A1     $69,099,936.79        $67,480,148.83     889.80769538         97.7246151874%      100.0000000000 %
             ** A2     $69,099,936.79        $67,480,148.83     889.80769538          0.0000000000%        0.0000000000 %
              A-PO      $2,789,789.97         $2,763,240.38     903.47554541          0.0000000000%        0.0000000000 %
           ** A-IO     $73,498,624.85        $71,846,358.71     892.04171156          0.0000000000%        0.0000000000 %
                   ----------------------------------------------------------------------------------------------------------------
     Class A Total     $71,889,726.76        $70,243,389.21                          97.7246151874%      100.0000000000 %

                B1        $603,077.57           $600,855.32     975.85367314          0.8529027116%        0.0000000000 %
                B2        $201,025.86           $200,285.10     975.85368932          0.2843009086%        0.0000000000 %
                B3        $201,025.86           $200,285.10     975.85368932          0.2843009086%        0.0000000000 %
                B4        $322,031.71           $320,845.06     975.85366667          0.4554334837%        0.0000000000 %
                B5        $120,029.99           $119,587.69     975.85357724          0.1697524647%        0.0000000000 %
                B6        $161,707.10           $161,111.23     975.85366097          0.2286943354%        0.0000000000 %
                   ----------------------------------------------------------------------------------------------------------------
   Class SUB Total      $1,608,898.09         $1,602,969.50                           2.2753848126%        0.0000000000 %

                   ================================================================================================================
             Total     $73,498,624.85        $71,846,358.71                         100.0000000000%      100.0000000000 %

        PO Balance      $2,789,789.97         $2,763,240.38
    Non PO Balance     $70,708,834.88        $69,083,118.33
** Denotes Notional Balance
</TABLE>
                            CitiMortgage, Inc.
           Distribution Date Statement to Certificateholders
                      Remic Pass-Through Certificate
                         Series Name: SBM7 2000-01
                         Payment Date: 11/27/2000


Print Date: 12/5/2000

 P & I Advances
---------------
  Voluntary Advances                                     $0.00
  Trustee Advances                                       $0.00
  Advance Account Advances                               $0.00
  Certificate Account Advances                     $110,225.40

 Summary of Disbursements
-------------------------

                                Withdrawals
Remittances       Residual      and (Deposits)  P&I Distributed
----------------- ------------- --------------- ----------------
    $2,209,493.46         $0.00       $1,914.03    $2,207,579.43


Stated Collateral Information
-----------------------------
Service Fees                        $8,899.17
Begin Balance                  $73,498,624.85
Aggregate Adj Balance          $71,846,358.71


Realized Losses incurred during the related Prepayment Period
-------------------------------------------------------------
  Total Realized Losses     $0.00

    Which Include:

  Type            Coverage       Current Losses  Cumulative Losses
  --------------- ------------- ---------------- -----------------
  Special Hazards $1,430,689.00            $0.00             $0.00
  Bankruptcy        $100,000.00            $0.00             $0.00
  Fraud             $823,937.00            $0.00             $0.00

Extraordinary Trust Fund Expenses
----------------------------------
  Expenses withdrawn from the collection
  Account or the Distribution Account:                     $0.00


Withdrawals from Certificate Account
-------------------------------------
  Type                     Retained        Amount       Balance
  ------------------------ -------- ------------- -------------
  Trust Administration Fee      Yes       $765.61         $0.00
  Trustee Fee                    No     $1,148.42         $0.00

  COLLATERAL INFORMATION:


                                 AT ISSUE         CURRENT
                               -------------- -----------------

 WAC -  SCHED BEG BAL                   9.35%             9.35%
 WAC -  SCHED END BAL                                     9.34%
 WAC - ACTUAL END BAL                                     9.34%
 WAM                                      209               211
 AVG LTV
 AVG LOAN SIZE                       $181,484          $174,384
 # OF LOANS                               454               412
 ACTUAL AGGERGATE              $82,393,708.61    $72,066,893.82
 PRINCIPAL BALANCE             $82,393,708.61    $71,846,358.71


<TABLE>
<CAPTION>
 DELINQUENCY   (1)                  Number of    Amount of Scheduled        Amount of Actual
                                      loans           Balance                    Balance
                                    ---------- ---------------------- ---------------------
                                     #    PCT      Amount      PCT           Amount    PCT
<S>                               <C>  <C>    <C>             <C>    <C>            <C>
                         30 + Days   13  3.16%   $3,187,325.06  4.44%  $3,198,842.56   4.45%
                         60 + Days    1  0.24%     $293,829.01  0.41%    $294,869.62   0.41%
                     (2) 90 + Days    1  0.24%      $61,764.27  0.09%     $62,473.73   0.09%
    REAL ESTATE OWNED BY THE TRUST    0  0.00%           $0.00  0.00%          $0.00   0.00%
           FORECLOSURES IN PROCESS    1  0.24%      $61,764.27  0.09%     $62,473.73   0.09%
           BANKRUPTCIES IN PROCESS    4  0.97%     $907,231.66  1.26%    $908,854.15   1.26%
          PURCHASE AMOUNT ADVANCES                          NA

          (1)  DETERMINED BY THE MBA METHOD.
          (2)  90+ DAYS DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST.

</TABLE>

                             CitiMortgage, Inc.
            Distribution Date Statement to Certificateholder
                      Remic Pass-Through Certificate
                          Series:   SBM7 2000-01
                          Payment Date: 11/27/2000

          Loans that became REO

           Loan Id    Actual Principal Balance Scheduled Principal Balance
           --------- ------------------------- ---------------------------
           NO REO                        $0.00                       $0.00

          Total Book Value of REO Properties:         $0.00



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission