SALOMON BROTHERS MORT SEC VII INC MORT PAS TH CE SER 2000-1
8-K, EX-99.1466, 2000-11-06
ASSET-BACKED SECURITIES
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                           CitiMortgage, Inc.
           Distribution Date Statement to Certificateholders
                     Remic Pass-Through Certificate
                        Series Name: SBM7 2000-01
                         Payment Date: 10/25/2000

 Issuer:               Salomon Brothers Mortgage Securities VII, Inc
 Record Date:          29-Sep-00
 Distribution Date:    25-Oct-00
 Distribution #:       7
 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           7.22188        7.22000%       $77,657,158.00   79548K3 A4
** ~  A2     Inverse Floating Lib     1.77812        1.78000%       $77,657,158.00   79548K3 B2
      A-PO   Principal Only           0.00000        0.00000%        $3,087,842.26   79548K3 F3
**    A-IO   WAC IO                   0.40745        0.39526%       $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: 10/25/2000

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------
                                     Non
                 Interest         Supported       Interest      Interest        Principal
   CLASS         Accrued          Shortfall      Shortfall     Recoveries       Recoveries      Interest Paid
-----------------------------------------------------------------------------------------------------------------
<S>        <C>               <C>              <C>           <C>             <C>             <C>
         A1       $421,638.39            $0.00         $0.00           $0.00           $0.00          $421,638.39
         A2       $103,812.81            $0.00         $0.00           $0.00           $0.00          $103,812.81
       A-PO             $0.00            $0.00         $0.00           $0.00           $0.00                $0.00
       A-IO        $25,289.55            $0.00         $0.00           $0.00           $0.00           $25,289.55
             ----------------------------------------------------------------------------------------------------
A Total           $550,740.75            $0.00         $0.00           $0.00           $0.00          $550,740.75

        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         $4,539.77            $0.00         $0.00           $0.00           $0.00            $4,539.77
         B2         $1,513.26            $0.00         $0.00           $0.00           $0.00            $1,513.26
         B3         $1,513.26            $0.00         $0.00           $0.00           $0.00            $1,513.26
         B4         $2,424.15            $0.00         $0.00           $0.00           $0.00            $2,424.15
         B5           $903.55            $0.00         $0.00           $0.00           $0.00              $903.55
         B6         $1,217.28            $0.00         $0.00           $0.00           $0.00            $1,217.28
             ----------------------------------------------------------------------------------------------------
SUB Total          $12,111.27            $0.00         $0.00           $0.00           $0.00           $12,111.27


            =====================================================================================================
 Total            $562,852.02            $0.00         $0.00           $0.00           $0.00          $562,852.02


</TABLE>
 <TABLE>
 <CAPTION>

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

<S>           <C>               <C>                   <C>
            A1        5.42948520                 $0.00                 $0.00
            A2        1.33680929                 $0.00                 $0.00
          A-PO        0.00000000                 $0.00                 $0.00
          A-IO        0.30693545                 $0.00                 $0.00
                                         --------------------------------------
       A Total                                   $0.00                 $0.00

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

            B1        7.34590615                 $0.00                 $0.00
            B2        7.34592233                 $0.00                 $0.00
            B3        7.34592233                 $0.00                 $0.00
            B4        7.34590909                 $0.00                 $0.00
            B5        7.34593496                 $0.00                 $0.00
            B6        7.34591830                 $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
                                  SBM7 2000-01
                            Payment Date: 10/25/2000

<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         $960,222.52                $0.00       $960,222.52      12.36489391            0.00
                  A2                $.00                $0.00              $.00       0.00000000            0.00
                A-PO          $16,491.53                $0.00        $16,491.53       5.34079419            0.00
                A-IO                $.00                $0.00              $.00       0.00000000            0.00
                      -------------------------------------------------------------------------------------------------
             A Total         $976,714.05                $0.00       $976,714.05                              0.00

                  B1           $2,224.89                $0.00         $2,224.89       3.60014563            0.00
                  B2             $741.63                $0.00           $741.63       3.60014563            0.00
                  B3             $741.63                $0.00           $741.63       3.60014563            0.00
                  B4           $1,188.05                $0.00         $1,188.05       3.60015152            0.00
                  B5             $442.82                $0.00           $442.82       3.60016260            0.00
                  B6             $596.57                $0.00           $596.57       3.60012033            0.00
                      -------------------------------------------------------------------------------------------------
           SUB Total           $5,935.59                $0.00         $5,935.59                             0.00

                      =================================================================================================
          Total              $982,649.64                $0.00       $982,649.64                             0.00

                      Aggr. Scheduled Principal Payments:           $276,598.00
                            Aggr.  Principal Prepayments:           $706,051.64

 </TABLE>

                                     CitiMortgage, Inc.
                      Distribution Date Statement to Certificateholders
                               Remic Pass-Through Certificate
                                        SBM7 2000-01
                                   Payment Date: 10/25/2000

<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           $70,060,159.31         $69,099,936.79        889.80769538        0.88980770         97.7246151874 %
              ** A2           $70,060,159.31         $69,099,936.79        889.80769538        0.88980770          0.0000000000 %
               A-PO            $2,806,281.50          $2,789,789.97        903.47554541        0.90347555          0.0000000000 %
            ** A-IO           $74,481,274.49         $73,498,624.85        892.04171156        0.89204171          0.0000000000 %
                    ----------------------------------------------------------------------------------------------------------------
            A Total           $72,866,440.81         $71,889,726.76                                               97.7246151874 %

                 B1              $605,302.46            $603,077.57        975.85367314        0.97585367          0.8529027116 %
                 B2              $201,767.49            $201,025.86        975.85368932        0.97585369          0.2843009086 %
                 B3              $201,767.49            $201,025.86        975.85368932        0.97585369          0.2843009086 %
                 B4              $323,219.76            $322,031.71        975.85366667        0.97585367          0.4554334837 %
                 B5              $120,472.81            $120,029.99        975.85357724        0.97585358          0.1697524647 %
                 B6              $162,303.67            $161,707.10        975.85366097        0.97585366          0.2286943354 %
                    ----------------------------------------------------------------------------------------------------------------
          SUB Total            $1,614,833.68          $1,608,898.09                                                2.2753848126 %

                    ================================================================================================================
              Total           $74,481,274.49         $73,498,624.85                                              100.0000000000 %

         PO Balance            $2,806,281.50          $2,789,789.97
     Non PO Balance           $71,674,992.99         $70,708,834.88
** 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     $70,060,159.31        $69,099,936.79     902.17258929         97.7470054581%      100.0000000000 %
             ** A2     $70,060,159.31        $69,099,936.79     902.17258929          0.0000000000%        0.0000000000 %
              A-PO      $2,806,281.50         $2,789,789.97     908.81633960          0.0000000000%        0.0000000000 %
           ** A-IO     $74,481,274.49        $73,498,624.85     903.96798186          0.0000000000%        0.0000000000 %
                   -----------------------------------------------------------------------------------------------------------------
     Class A Total     $72,866,440.81        $71,889,726.76                          97.7470054581%      100.0000000000 %

                B1        $605,302.46           $603,077.57     979.45381877          0.8445099675%        0.0000000000 %
                B2        $201,767.49           $201,025.86     979.45383495          0.2815033271%        0.0000000000 %
                B3        $201,767.49           $201,025.86     979.45383495          0.2815033271%        0.0000000000 %
                B4        $323,219.76           $322,031.71     979.45381818          0.4509519241%        0.0000000000 %
                B5        $120,472.81           $120,029.99     979.45373984          0.1680820674%        0.0000000000 %
                B6        $162,303.67           $161,707.10     979.45378130          0.2264439287%        0.0000000000 %
                   -----------------------------------------------------------------------------------------------------------------
   Class SUB Total      $1,614,833.68         $1,608,898.09                           2.2529945419%        0.0000000000 %

                   =================================================================================================================
             Total     $74,481,274.49        $73,498,624.85                         100.0000000000%      100.0000000000 %

        PO Balance      $2,806,281.50         $2,789,789.97
    Non PO Balance     $71,674,992.99        $70,708,834.88
** Denotes Notional Balance
</TABLE>

                            CitiMortgage, Inc.
           Distribution Date Statement to Certificateholders
                      Remic Pass-Through Certificate
                         Series Name: SBM7 2000-01
                          Payment Date: 10/25/2000


Print Date: 11/2/2000

 P & I Advances
---------------
  Voluntary Advances                                     $0.00
  Trustee Advances                                       $0.00
  Advance Account Advances                               $0.00
  Certificate Account Advances                      $93,383.94

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


                               Withdrawals
 Remittances     Residual      and (Deposits)  P&I Distributed
 --------------- ------------- --------------- ----------------
   $1,547,441.28         $0.00       $1,939.62    $1,545,501.66


 Stated Collateral Information
 -----------------------------
 Service Fees                       $12,523.33
 Begin Balance                  $74,481,274.49
 Aggregate Adj Balance          $73,498,624.85


 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        $775.84         $0.00
  Trustee Fee                    No      $1,163.78         $0.00


  COLLATERAL INFORMATION:


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

 WAC -  SCHED BEG BAL                   9.35%              9.35%
 WAC -  SCHED END BAL                                      9.35%
 WAC - ACTUAL END BAL                                      9.35%
 WAM                                      209                212
 AVG LTV
 AVG LOAN SIZE                       $181,484           $175,414
 # OF LOANS                               454                419
 ACTUAL AGGREGATE              $82,393,708.61     $73,711,238.78
 PRINCIPAL BALANCE             $82,393,708.61     $73,498,624.85

<TABLE>
<CAPTION>
 DELINQUECNY   (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    16  3.82%   $3,574,481.76  4.86%  $3,590,677.63   4.89%
                         60 + Days     0  0.00%           $0.00  0.00%          $0.00   0.00%
                     (2) 90 + Days     1  0.24%      $61,855.32  0.08%     $62,473.73   0.08%
    REAL ESTATE OWNED BY THE TRUST     0  0.00%           $0.00  0.00%          $0.00   0.00%
           FORECLOSURES IN PROCESS     1  0.24%      $61,855.32  0.08%     $62,473.73   0.08%
           BANKRUPTCIES IN PROCESS     4  0.95%     $908,506.02  1.24%    $909,807.52   1.24%
          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: 10/25/2000


           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


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