|
|
|
|
|
|
|
|
|
|
Previous: INTERCONEXUS COM INC, 10SB12G/A, 2000-05-26 |
Next: DREYFUS PREMIER OPPORTUNITY FUNDS, 497, 2000-05-26 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 15, 2000
DELTA FUNDING CORPORATION
Home Equity Loan Asset-Backed Certs., Series 2000-1 Trust
New York (governing law of 333-96001-01
Pooling and Servicing Agreement) (Commission Pending
(State or other File Number) IRS EIN
jurisdiction
c/o Norwest Bank Minnesota, N.A.
11000 Broken Land Parkway 21044
Columbia, MD (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (410) 884-2000
Former name or former address, if changed since last report)
ITEM 5. Other Events
On May 15, 2000 a distribution was made to holders of DELTA FUNDING
CORPORATION, Home Equity Loan Asset-Backed Certs., Series 2000-1 Trust.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits furnished in accordance with Item 601(a) of
Regulation S-K
Exhibit Number Description
Monthly report distributed to holders of
EX-99.1 Home Equity Loan Asset-Backed Certs.,
Series 2000-1 Trust, relating to the May
15, 2000 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DELTA FUNDING CORPORATION
Home Equity Loan Asset-Backed Certs., Series 2000-1 Trust
By: Norwest Bank Minnesota, N.A., as Trustee
By: /s/ Beth Belfield, Officer
By: Beth Belfield, Officer
Date: 5/25/2000
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Home Equity Loan
Asset-Backed Certs., Series 2000-1 Trust, relating to the May
15, 2000 distribution.
<TABLE>
<CAPTION>
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 4/30/2000
Distribution Date: 5/15/2000
DFH Series: 2000-1
Contact: Customer Service - CTSLink
Norwest Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1F 24763LGB0 SEN SEQ 7.38000% 52,880,910.45 325,217.60 1,001,463.74
A-2F 24763LGC8 SEN SEQ 7.58000% 22,700,000.00 143,388.33 0.00
A-3F 24763LGD6 SEN SEQ 7.69000% 30,300,000.00 194,172.50 0.00
A-4F 24763LGE4 SEN SEQ 7.94000% 15,300,000.00 101,235.00 0.00
A-5F 24763LGF1 SEN SEQ 8.09000% 14,900,000.00 100,450.83 0.00
A-6F 24763LGG9 SEN 7.87000% 10,000,000.00 65,583.33 0.00
IOF 24763LGH7 SEN IO 6.40000% 0.00 325,333.33 0.00
A-1A 24763LGJ3 SEN 6.39000% 64,680,910.39 321,464.12 535,905.16
M-1 24763LGK0 MEZ 8.09000% 16,500,000.00 111,237.50 0.00
M-2 24763LGL8 MEZ 8.09000% 11,375,000.00 76,686.46 0.00
B 24763LGM6 SUB 8.09000% 10,625,000.00 71,630.21 0.00
BIO DFH001BIO SUB IO 0.00000% 0.00 0.00 0.00
P DFH00001P PO 0.00000% 100.00 25,521.77 0.00
R-1 DFH0002R1 RES 0.00000% 0.00 0.00 0.00
R-2 DFH0002R2 RES 0.00000% 0.00 0.00 0.00
R-3 DFH0002R3 RES 0.00000% 0.00 0.00 0.00
Totals 249,261,920.84 1,861,920.98 1,537,368.90
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
A-1F 0.00 51,879,446.71 1,326,681.34 0.00
A-2F 0.00 22,700,000.00 143,388.33 0.00
A-3F 0.00 30,300,000.00 194,172.50 0.00
A-4F 0.00 15,300,000.00 101,235.00 0.00
A-5F 0.00 14,900,000.00 100,450.83 0.00
A-6F 0.00 10,000,000.00 65,583.33 0.00
IOF 0.00 0.00 325,333.33 0.00
A-1A 0.00 64,145,005.23 857,369.28 0.00
M-1 0.00 16,500,000.00 111,237.50 0.00
M-2 0.00 11,375,000.00 76,686.46 0.00
B 0.00 10,625,000.00 71,630.21 0.00
BIO 0.00 0.00 0.00 0.00
P 0.00 100.00 25,521.77 0.00
R-1 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00
Totals 0.00 247,724,551.94 3,399,289.88 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<S> <C> <C> <C> <C> <C> <C>
A-1F 53,300,000.00 52,880,910.45 156,739.35 844,724.39 0.00 0.00
A-2F 22,700,000.00 22,700,000.00 0.00 0.00 0.00 0.00
A-3F 30,300,000.00 30,300,000.00 0.00 0.00 0.00 0.00
A-4F 15,300,000.00 15,300,000.00 0.00 0.00 0.00 0.00
A-5F 14,900,000.00 14,900,000.00 0.00 0.00 0.00 0.00
A-6F 10,000,000.00 10,000,000.00 0.00 0.00 0.00 0.00
IOF 0.00 0.00 0.00 0.00 0.00 0.00
A-1A 65,000,000.00 64,680,910.39 25,900.85 510,004.31 0.00 0.00
M-1 16,500,000.00 16,500,000.00 0.00 0.00 0.00 0.00
M-2 11,375,000.00 11,375,000.00 0.00 0.00 0.00 0.00
B 10,625,000.00 10,625,000.00 0.00 0.00 0.00 0.00
BIO 0.00 0.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00 0.00 0.00
Totals 250,000,100.00 249,261,920.84 182,640.20 1,354,728.70 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C>
A-1F 1,001,463.74 51,879,446.71 0.97334797 1,001,463.74
A-2F 0.00 22,700,000.00 1.00000000 0.00
A-3F 0.00 30,300,000.00 1.00000000 0.00
A-4F 0.00 15,300,000.00 1.00000000 0.00
A-5F 0.00 14,900,000.00 1.00000000 0.00
A-6F 0.00 10,000,000.00 1.00000000 0.00
IOF 0.00 0.00 0.00000000 0.00
A-1A 535,905.16 64,145,005.23 0.98684623 535,905.16
M-1 0.00 16,500,000.00 1.00000000 0.00
M-2 0.00 11,375,000.00 1.00000000 0.00
B 0.00 10,625,000.00 1.00000000 0.00
BIO 0.00 0.00 0.00000000 0.00
P 0.00 100.00 1.00000000 0.00
R-1 0.00 0.00 0.00000000 0.00
R-2 0.00 0.00 0.00000000 0.00
R-3 0.00 0.00 0.00000000 0.00
Totals 1,537,368.90 247,724,551.94 0.99089781 1,537,368.90
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<S> <C> <C> <C> <C> <C>
A-1F 53,300,000.00 992.13715666 2.94070075 15.84848762 0.00000000
A-2F 22,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3F 30,300,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4F 15,300,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-5F 14,900,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-6F 10,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
IOF 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-1A 65,000,000.00 995.09092908 0.39847462 7.84622015 0.00000000
M-1 16,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 11,375,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B 10,625,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
BIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All classes are per 1,000 denomination.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
A-1F 0.00000000 18.78918837 973.34796829 0.97334797 18.78918837
A-2F 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-3F 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-4F 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-5F 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-6F 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
IOF 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-1A 0.00000000 8.24469477 986.84623431 0.98684623 8.24469477
M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
BIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A-1F 53,300,000.00 7.38000% 52,880,910.45 325,217.60 0.00 0.00
A-2F 22,700,000.00 7.58000% 22,700,000.00 143,388.33 0.00 0.00
A-3F 30,300,000.00 7.69000% 30,300,000.00 194,172.50 0.00 0.00
A-4F 15,300,000.00 7.94000% 15,300,000.00 101,235.00 0.00 0.00
A-5F 14,900,000.00 8.09000% 14,900,000.00 100,450.83 0.00 0.00
A-6F 10,000,000.00 7.87000% 10,000,000.00 65,583.33 0.00 0.00
IOF 0.00 6.40000% 61,000,000.00 325,333.33 0.00 0.00
A-1A 65,000,000.00 6.39000% 64,680,910.39 321,464.12 0.00 0.00
M-1 16,500,000.00 8.09000% 16,500,000.00 111,237.50 0.00 0.00
M-2 11,375,000.00 8.09000% 11,375,000.00 76,686.46 0.00 0.00
B 10,625,000.00 8.09000% 10,625,000.00 71,630.21 0.00 0.00
BIO 0.00 0.00000% 0.00 0.00 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
R-1 0.00 0.00000% 0.00 0.00 0.00 0.00
R-2 0.00 0.00000% 0.00 0.00 0.00 0.00
R-3 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 250,000,100.00 1,836,399.21 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A-1F 0.00 0.00 325,217.60 0.00 51,879,446.71
A-2F 0.00 0.00 143,388.33 0.00 22,700,000.00
A-3F 0.00 0.00 194,172.50 0.00 30,300,000.00
A-4F 0.00 0.00 101,235.00 0.00 15,300,000.00
A-5F 0.00 0.00 100,450.83 0.00 14,900,000.00
A-6F 0.00 0.00 65,583.33 0.00 10,000,000.00
IOF 0.00 0.00 325,333.33 0.00 61,000,000.00
A-1A 0.00 0.00 321,464.12 0.00 64,145,005.23
M-1 0.00 0.00 111,237.50 0.00 16,500,000.00
M-2 0.00 0.00 76,686.46 0.00 11,375,000.00
B 0.00 0.00 71,630.21 0.00 10,625,000.00
BIO 0.00 0.00 0.00 0.00 0.00
P 0.00 0.00 25,521.77 0.00 100.00
R-1 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 1,861,920.98 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A-1F 53,300,000.00 7.38000% 992.13715666 6.10164353 0.00000000 0.00000000
A-2F 22,700,000.00 7.58000% 1000.00000000 6.31666652 0.00000000 0.00000000
A-3F 30,300,000.00 7.69000% 1000.00000000 6.40833333 0.00000000 0.00000000
A-4F 15,300,000.00 7.94000% 1000.00000000 6.61666667 0.00000000 0.00000000
A-5F 14,900,000.00 8.09000% 1000.00000000 6.74166644 0.00000000 0.00000000
A-6F 10,000,000.00 7.87000% 1000.00000000 6.55833300 0.00000000 0.00000000
IOF 0.00 6.40000% 1000.00000000 5.33333328 0.00000000 0.00000000
A-1A 65,000,000.00 6.39000% 995.09092908 4.94560185 0.00000000 0.00000000
M-1 16,500,000.00 8.09000% 1000.00000000 6.74166667 0.00000000 0.00000000
M-2 11,375,000.00 8.09000% 1000.00000000 6.74166681 0.00000000 0.00000000
B 10,625,000.00 8.09000% 1000.00000000 6.74166682 0.00000000 0.00000000
BIO 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) All classes are per 1,000 denomination.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A-1F 0.00000000 0.00000000 6.10164353 0.00000000 973.34796829
A-2F 0.00000000 0.00000000 6.31666652 0.00000000 1000.00000000
A-3F 0.00000000 0.00000000 6.40833333 0.00000000 1000.00000000
A-4F 0.00000000 0.00000000 6.61666667 0.00000000 1000.00000000
A-5F 0.00000000 0.00000000 6.74166644 0.00000000 1000.00000000
A-6F 0.00000000 0.00000000 6.55833300 0.00000000 1000.00000000
IOF 0.00000000 0.00000000 5.33333328 0.00000000 1000.00000000
A-1A 0.00000000 0.00000000 4.94560185 0.00000000 986.84623431
M-1 0.00000000 0.00000000 6.74166667 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 6.74166681 0.00000000 1000.00000000
B 0.00000000 0.00000000 6.74166682 0.00000000 1000.00000000
BIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 255217.70000000 0.00000000 1000.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Rate Balance Balance Balance Balance Percentage
Class
<S> <C> <C> <C> <C> <C> <C>
OC 0.00000% 0.00 0.00 0.00 305,400.01 4,000,100.00000000%
FSA 0.08000% 210,761,820.84 209,224,451.94 0.00 0.00 98.92409075%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 3,378,020.73
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 142,203.17
Realized Losses 0.00
Total Deposits 3,520,223.90
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 120,934.02
Payment of Interest and Principal 3,399,289.88
Total Withdrawals (Pool Distribution Amount) 3,520,223.90
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 2,166.93
Servicing Fee Support 2,166.93
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 103,857.30
Trustee Fee - Norwest Bank Minnesota, N.A. 5,192.86
Supported Prepayment/Curtailment Interest Shortfall 2,166.93
Net Servicing Fee 106,883.23
</TABLE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<S> <C> <C> <C> <C>
Reserve Fund 10,000.00 0.00 0.00 10,000.00
Reserve Fund 10,000.00 0.00 0.00 10,000.00
</TABLE>
<TABLE>
<CAPTION> CERTIFICATEHOLDER DELINQUENCY/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
Percentage Delinquent
Based On
Current Unpaid
Number Principal Number Unpaid
Of Loans Balance Of Loans Balance
<S> <C> <C> <C> <C>
30 Days 100 7,586,446.73 3.030303% 3.058682%
60 Days 23 1,330,821.98 0.696970% 0.536557%
90+ Days 2 134,857.27 0.060606% 0.054371%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 125 9,052,125.98 3.787879% 3.649610%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 0.00
Principal Balance of Contaminated Properties 0.00
Current Period Class A Insufficient Funds 0.00
Periodic Advance 142,203.17
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 10.903905%
Weighted Average Net Coupon 10.403904%
Weighted Average Pass-Through Rate 10.378904%
Weighted Average Maturity(Stepdown Calculation ) 358
Beginning Scheduled Collateral Loan Count 3,023
Number Of Loans Paid In Full (277)
Ending Scheduled Collateral Loan Count 3,300
Beginning Scheduled Collateral Balance 231,405,841.21
Ending Scheduled Collateral Balance 248,029,951.95
Ending Actual Collateral Balance at 30-Apr-2000 248,261,341.86
Monthly P &I Constant 2,447,540.39
Ending Scheduled Balance for Premium Loans 248,029,951.95
Scheduled Principal 182,640.20
Unscheduled Principal 1,049,328.69
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 305,400.01
Overcollateralized reduction Amount 0.00
Specified O/C Amount 4,625,000.00
Overcollateralized Amount 305,400.01
Overcollateralized Deficiency Amount 4,625,000.00
Base Overcollateralized Amount 0.00
Extra principal distribution Amount 305,400.01
Excess Cash Amount 305,400.01
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2 Total
Collateral Description Mixed Fixed Mixed ARM
Weighted Average Coupon Rate 10.970394 10.713420
Weighted Average Net Rate 10.445397 10.188449
Weighted Average Maturity 358.00 358.00
Beginning Loan Count 2,284 739 3,023
Loans Paid In Full (216) (61) (277)
Ending Loan Count 2,500 800 3,300
Beginning Scheduled Balance 170,994,775.12 60,411,066.09 231,405,841.21
Ending scheduled Balance 183,884,946.72 64,145,005.23 248,029,951.95
Record Date 4/30/00 4/30/00
Principal And Interest Constant 1,844,178.06 603,362.33 2,447,540.39
Scheduled Principal 156,739.35 25,900.85 182,640.20
Unscheduled Principal 539,324.38 510,004.31 1,049,328.69
Scheduled Interest 1,687,438.71 577,461.48 2,264,900.19
Servicing Fees 76,908.41 26,948.89 103,857.30
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 3,845.42 1,347.44 5,192.86
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread Fee 1 0.00 0.00 0.00
Spread Fee 2 0.00 0.00 0.00
Spread Fee 3 0.00 0.00 0.00
Net Interest 1,606,684.88 549,165.15 2,155,850.03
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.00 0.00 0.00
</TABLE>
<TABLE>
<CAPTION> Delinquency Status By Groups
<S> <C> <C> <C> <C> <C> <C>
Group 30 Days 60 Days 90 + Days Foreclosure REO Bankruptcy
1 Principal Balance 4,877,411.61 1,026,960.13 115,082.73 0.00 0.00 0.00
Percentage Of Balance 2.652% 0.558% 0.063% 0.000% 0.000% 0.000%
Loan Count 67 18 1 0 0 0
Percentage Of Loans 2.680% 0.720% 0.040% 0.000% 0.000% 0.000%
2 Principal Balance 2,709,035.12 303,861.85 19,774.54 0.00 0.00 0.00
Percentage Of Balance 4.223% 0.474% 0.031% 0.000% 0.000% 0.000%
Loan Count 33 5 1 0 0 0
Percentage Of Loans 4.125% 0.625% 0.125% 0.000% 0.000% 0.000%
Totals:Principal Balance 7,586,446.73 1,330,821.98 134,857.27 0.00 0.00 0.00
Percentage of Balance 3.059% 0.537% 0.054% 0.000% 0.000% 0.000%
Loan Count 100 23 2 0 0 0
Percentage Of Loans 3.030% 0.697% 0.061% 0.000% 0.000% 0.000%
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Group Miscellaneous Reporting Items
1 Group F Curtailments 33,258.07
1 Group F Allocated Pre-Funding Amount 0.00
2 Group A Curtailments 3,945.56
2 Group A Allocated Prefunding Amount 0.00
</TABLE>
|
|