SALOMON BROTHERS MORT SEC VII INC MORT PAS TH CE SER 2000-1
8-K, EX-99.1466, 2000-07-07
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: 6/26/2000

 Issuer:               Salomon Brothers Mortgage Securities VII, Inc
 Record Date:          31-May-00
 Distribution Date:    26-Jun-00
 Distribution #:       3
 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           7.21000        7.25125%       $77,657,158.00   79548K3 A4
** ~  A2     Inverse Floating Lib     1.79000        1.74875%       $77,657,158.00   79548K3 B2
      A-PO   Principal Only           0.00000        0.00000%        $3,087,842.26   79548K3 F3
**    A-IO   WAC IO                   0.40459        0.39654%       $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: 6/26/2000

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------
                                     Non
                 Interest         Supported       Interest      Interest        Principal
   CLASS         Accrued          Shortfall      Shortfall     Recoveries       Recoveries      Interest Paid
-----------------------------------------------------------------------------------------------------------------
<S>        <C>               <C>              <C>           <C>             <C>             <C>
         A1       $452,151.38            $0.00         $0.00           $0.00           $0.00          $452,151.38
         A2       $112,253.95            $0.00         $0.00           $0.00           $0.00          $112,253.95
       A-PO             $0.00            $0.00         $0.00           $0.00           $0.00                $0.00
       A-IO        $26,939.89            $0.00         $0.00           $0.00           $0.00           $26,939.89
             ----------------------------------------------------------------------------------------------------
A Total           $591,345.22            $0.00         $0.00           $0.00           $0.00          $591,345.22


        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         $4,603.73            $0.00         $0.00           $0.00           $0.00            $4,603.73
         B2         $1,534.58            $0.00         $0.00           $0.00           $0.00            $1,534.58
         B3         $1,534.58            $0.00         $0.00           $0.00           $0.00            $1,534.58
         B4         $2,458.30            $0.00         $0.00           $0.00           $0.00            $2,458.30
         B5           $916.28            $0.00         $0.00           $0.00           $0.00              $916.28
         B6         $1,234.43            $0.00         $0.00           $0.00           $0.00            $1,234.43
             ----------------------------------------------------------------------------------------------------
SUB Total          $12,281.90            $0.00         $0.00           $0.00           $0.00           $12,281.90


             ====================================================================================================
 Total            $603,627.12            $0.00         $0.00           $0.00           $0.00          $603,627.12


</TABLE>
 <TABLE>
 <CAPTION>

    ---------------------------------------------------------------------------
                    Interest            Cum Unpaid           Relief Act
                    Paid Per             Interest             Interest
     CLASS        Certificate           Shortfalls           Shortfalls
    ---------------------------------------------------------------------------
    <S>       <C>               <C>                   <C>
            A1        5.82240442                 $0.00                 $0.00
            A2        1.44550680                 $0.00                 $0.00
          A-PO        0.00000000                 $0.00                 $0.00
          A-IO        0.32696538                 $0.00                 $0.00
                                         --------------------------------------
       A Total                                   $0.00                 $0.00

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

            B1        7.44940129                 $0.00                 $0.00
            B2        7.44941748                 $0.00                 $0.00
            B3        7.44941748                 $0.00                 $0.00
            B4        7.44939394                 $0.00                 $0.00
            B5        7.44943089                 $0.00                 $0.00
            B6        7.44941338                 $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: 6/26/2000

<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      $1,103,716.10                 $0.00   $1,103,716.10       14.21267696            0.00
                   A2               $.00                 $0.00            $.00        0.00000000            0.00
                 A-PO         $40,108.08                 $0.00      $40,108.08       12.98903138            0.00
                 A-IO               $.00                 $0.00            $.00        0.00000000            0.00
                      -------------------------------------------------------------------------------------------------
              A Total      $1,143,824.18                $0.00    $1,143,824.18                              0.00

                   B1          $2,102.80                 $0.00       $2,102.80        3.40258900            0.00
                   B2            $700.93                 $0.00         $700.93        3.40257282            0.00
                   B3            $700.93                 $0.00         $700.93        3.40257282            0.00
                   B4          $1,122.85                 $0.00       $1,122.85        3.40257576            0.00
                   B5            $418.52                 $0.00         $418.52        3.40260163            0.00
                   B6            $563.84                 $0.00         $563.84        3.40260464            0.00
                      -------------------------------------------------------------------------------------------------
            SUB Total          $5,609.87                $0.00        $5,609.87                              0.00

                      =================================================================================================
           Total           $1,149,434.05                $0.00    $1,149,434.05                              0.00

                       Aggr. Scheduled Principal Payments:                 $276,452.66
                             Aggr.  Principal Prepayments:                 $872,981.39

 </TABLE>


                                     CitiMortgage, Inc.
                      Distribution Date Statement to Certificateholders
                               Remic Pass-Through Certificate
                                        SBM7 2000-01
                                   Payment Date: 6/26/2000

<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           $75,254,044.44         $74,150,328.34        954.84215814        0.95484216         97.8464957834 %
              ** A2           $75,254,044.44         $74,150,328.34        954.84215814        0.95484216          0.0000000000 %
               A-PO            $3,011,210.56          $2,971,102.48        962.19373589        0.96219374          0.0000000000 %
            ** A-IO           $79,902,839.97         $78,753,405.92        955.81819593        0.95581820          0.0000000000 %
                    -------------------------------------------------------------------------------------------------------------
            A Total           $78,265,255.00         $77,121,430.82                                               97.8464957834 %

                 B1              $613,830.54            $611,727.74        989.85071197        0.98985071          0.8072171368 %
                 B2              $204,610.17            $203,909.24        989.85067961        0.98985068          0.2690723701 %
                 B3              $204,610.17            $203,909.24        989.85067961        0.98985068          0.2690723701 %
                 B4              $327,773.58            $326,650.73        989.85069697        0.98985070          0.4310382704 %
                 B5              $122,170.15            $121,751.63        989.85065041        0.98985065          0.1606597114 %
                 B6              $164,590.36            $164,026.52        989.85066232        0.98985066          0.2164443578 %
                    -------------------------------------------------------------------------------------------------------------
          SUB Total            $1,637,584.97          $1,631,975.10                                                2.1535042166 %

                    =============================================================================================================
              Total           $79,902,839.97         $78,753,405.92                                              100.0000000000 %

         PO Balance            $3,011,210.56          $2,971,102.48
     Non PO Balance           $76,891,629.41         $75,782,303.44
** 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     $75,254,044.44   $74,150,328.34          969.05483510         97.8702688673%      100.0000000000 %
             ** A2     $75,254,044.44   $74,150,328.34          969.05483510          0.0000000000%        0.0000000000 %
              A-PO      $3,011,210.56    $2,971,102.48          975.18276727          0.0000000000%        0.0000000000 %
           ** A-IO     $79,902,839.97   $78,753,405.92          969.76870344          0.0000000000%        0.0000000000 %
                   ---------------------------------------------------------------------------------------------------------------
     Class A Total     $78,265,255.00   $77,121,430.82                               97.8702688673%      100.0000000000 %

                B1        $613,830.54      $611,727.74          993.25330097          0.7983060636%        0.0000000000 %
                B2        $204,610.17      $203,909.24          993.25325243          0.2661020082%        0.0000000000 %
                B3        $204,610.17      $203,909.24          993.25325243          0.2661020082%        0.0000000000 %
                B4        $327,773.58      $326,650.73          993.25327273          0.4262799248%        0.0000000000 %
                B5        $122,170.15      $121,751.63          993.25325203          0.1588861505%        0.0000000000 %
                B6        $164,590.36      $164,026.52          993.25326696          0.2140549775%        0.0000000000 %
                   ---------------------------------------------------------------------------------------------------------------
   Class SUB Total      $1,637,584.97    $1,631,975.10                                2.1297311327%        0.0000000000 %

                   ===============================================================================================================
             Total     $79,902,839.97   $78,753,405.92                              100.0000000000%      100.0000000000 %

        PO Balance      $3,011,210.56    $2,971,102.48
    Non PO Balance     $76,891,629.41   $75,782,303.44
** Denotes Notional Balance
</TABLE>

                            CitiMortgage, Inc.
           Distribution Date Statement to Certificateholders
                      Remic Pass-Through Certificate
                         Series Name: SBM7 2000-01
                          Payment Date: 6/26/2000




 P & I Advances
 --------------
  Voluntary Advances                                     $0.00
  Trustee Advances                                       $0.00
  Advance Account Advances                               $0.00
  Certificate Account Advances                     $168,543.96

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

                                Withdrawals
 Remittances      Residual      and (Deposits)   P&I Distributed
 ---------------- ------------- ---------------- ----------------
    $1,755,141.97         $0.00       $2,080.80     $1,753,061.17


 Stated Collateral Information
 -----------------------------
  Service Fees                           $15,370.89
  Begin Balance                      $79,902,839.97
  Aggregate Adj Balance              $78,753,405.92


 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       $832.32         $0.00
  Trustee Fee                       No     $1,248.48         $0.00

   COLLATERAL INFORMATION:


      GENERAL 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             215
 AVG LTV
 AVG LOAN SIZE                $181,484        $178,579
 # OF LOANS                        454             441
 ACTUAL AGGERGATE       $82,393,708.61  $78,984,288.91
 PRINCIPAL BALANCE      $82,393,708.61  $78,753,405.92


<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    12   2.72%   $3,020,876.06  3.84%   $3,030,433.29  3.85%
                         60 + Days     1   0.23%      $62,212.70  0.08%      $62,473.73  0.08%
                     (2) 90 + Days     0   0.00%           $0.00  0.00%           $0.00  0.00%
    REAL ESTATE OWNED BY THE TRUST     0   0.00%           $0.00  0.00%           $0.00  0.00%
           FORECLOSURES IN PROCESS     0   0.00%           $0.00  0.00%           $0.00  0.00%
           BANKRUPTCIES IN PROCESS     5   1.13%   $1,119,667.67  1.42%   $1,121,260.54  1.42%
          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: 6/26/2000

  Loans that became REO / Foreclosure this payment period.

           Loan Id   Actual Principal Balance Scheduled Principal Balance
        ------------ ------------------------ ---------------------------


         Total Book Value of REO Properties:           $0.00


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