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Previous: DELTA FUNDING HOME EQUITY LOAN TRUST 2000-1, 8-K, 2000-10-23 |
Next: PROTOCOL COMMUNICATIONS INC, RW, 2000-10-23 |
<TABLE>
<CAPTION>
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 09/30/00
Distribution Date: 10/16/00
DFH Series: 2000-1
Contact: Customer Service - CTSLink
Wells Fargo 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 SE 7.38000% 46,886,416.79 288,351.46 1,918,520.02
A-2F 24763LGC8 SEN SE 7.58000% 22,700,000.00 143,388.33 0.00
A-3F 24763LGD6 SEN SE 7.69000% 30,300,000.00 194,172.50 0.00
A-4F 24763LGE4 SEN SE 7.94000% 15,300,000.00 101,235.00 0.00
A-5F 24763LGF1 SEN SE 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% 0.00 290,666.67 0.00
A-1A 24763LGJ3 SEN 6.88125% 61,929,755.27 366,966.06 848,144.15
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 0.01 0.00
P DFH00001P PO 0.00000% 100.00 59,378.51 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 240,516,272.06 1,869,746.87 2,766,664.17
</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 44,967,896.77 2,206,871.48 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 0.00 290,666.67 0.00
A-1A 0.00 61,081,611.12 1,215,110.21 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 0.01 0.00
P 0.00 100.00 59,378.51 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 0.00 237,749,607.89 4,636,411.04 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 46,886,416.79 162,283.90 1,756,236.12 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 61,929,755.27 26,405.52 821,738.63 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 250,000,100.00 240,516,272.06 188,689.42 2,577,974.75 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 1,918,520.02 44,967,896.77 0.84367536 1,918,520.02
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 848,144.15 61,081,611.12 0.93971709 848,144.15
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 2,766,664.17 237,749,607.89 0.95099805 2,766,664.17
</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 53,300,000.00 879.67010863 3.04472608 32.95002101 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 65,000,000.00 952.76546569 0.40623877 12.64213277 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 35.99474709 843.67536154 0.84367536 35.99474709
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 13.04837154 939.71709415 0.93971709 13.04837154
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% 46,886,416.79 288,351.46 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% 54,500,000.00 290,666.67 0.00 0.00
A-1A 65,000,000.00 6.88125% 61,929,755.27 366,966.06 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 1,810,368.35 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 0.00 288,351.46 0.00 44,967,896.77
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 0.00 290,666.67 0.00 54,500,000.00
A-1A 0.00 0.00 366,966.06 0.00 61,081,611.12
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 0.01 0.00 0.00
P 0.00 0.00 59,378.51 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 1,869,746.87 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% 879.67010863 5.40997111 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% 893.44262295 4.76502738 0.00000000 0.00000000
A-1A 65,000,000.00 6.88125% 952.76546569 5.64563169 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 5.40997111 0.00000000 843.67536154
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 4.76502738 0.00000000 893.44262295
A-1A 0.00000000 0.00000000 5.64563169 0.00000000 939.71709415
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 593785.10000000 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
Class Rate Balance Balance Balance Balance Percentage
<S> <C> <C> <C> <C> <C> <C>
OC 0.00000% 0.00 0.00 13,079.69 1,549,389.97 3,899,700.00000%
FSA 0.08000% 202,016,172.06 199,249,507.88 0.00 0.00 94.20780514%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 3,676,802.37
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 1,096,575.21
Realized Losses (22,134.54)
Total Deposits 4,751,243.04
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 114,832.00
Payment of Interest and Principal 4,636,411.04
Total Withdrawals (Pool Distribution Amount) 4,751,243.04
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 4,433.85
Servicing Fee Support 4,433.85
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 100,760.10
Trustee Fee - Wells Fargo Bank, N.A.. 5,038.00
Supported Prepayment/Curtailment Interest Shortfall 4,433.85
Net Servicing Fee 101,364.25
</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> LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<S> <C> <C> <C> <C> <C>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 7 0 0 7
488,880.65 0.00 0.00 488,880.65
30 Days 181 3 0 0 184
14,503,285.40 125,010.13 0.00 0.00 14,628,295.53
60 Days 92 3 0 0 95
6,885,726.84 272,515.25 0.00 0.00 7,158,242.09
90 Days 36 2 0 0 38
2,447,432.08 97,322.30 0.00 0.00 2,544,754.38
120 Days 8 3 67 0 78
453,555.96 237,699.84 4,317,610.07 0.00 5,008,865.87
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 317 18 67 0 402
24,290,000.28 1,221,428.17 4,317,610.07 0.00 29,829,038.52
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0.219918% 0.000000% 0.000000% 0.219918%
0.204196% 0.000000% 0.000000% 0.204196%
30 Days 5.686459% 0.094251% 0.000000% 0.000000% 5.780710%
6.057738% 0.052214% 0.000000% 0.000000% 6.109952%
60 Days 2.890355% 0.094251% 0.000000% 0.000000% 2.984606%
2.876033% 0.113824% 0.000000% 0.000000% 2.989857%
90 Days 1.131008% 0.062834% 0.000000% 0.000000% 1.193842%
1.022244% 0.040650% 0.000000% 0.000000% 1.062894%
120 Days 0.251335% 0.094251% 2.104932% 0.000000% 2.450518%
0.189441% 0.099283% 1.803381% 0.000000% 2.092105%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 9.959158% 0.565504% 2.104932% 0.000000% 12.629595%
10.145457% 0.510167% 1.803381% 0.000000% 12.459005%
</TABLE>
<TABLE> Delinquency Status By Groups
<CAPTION>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<S> <C> <C> <C> <C> <C>
Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 4 0 0 4
184,942.91 0.00 0.00 184,942.91
30 Days 121 2 0 0 123
9,895,853.70 70,557.98 0.00 0.00 9,966,411.68
60 Days 69 2 0 0 71
4,869,472.90 156,523.79 0.00 0.00 5,025,996.69
90 Days 26 1 0 0 27
1,627,941.19 52,422.44 0.00 0.00 1,680,363.63
120 Days 3 1 42 0 46
115,623.13 156,971.36 2,604,177.20 0.00 2,876,771.69
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 219 10 42 0 271
16,508,890.92 621,418.48 2,604,177.20 0.00 19,734,486.60
0-29 Days 0.165837% 0.000000% 0.000000% 0.165837%
0.104101% 0.000000% 0.000000% 0.104101%
30 Days 5.016584% 0.082919% 0.000000% 0.000000% 5.099502%
5.570200% 0.039716% 0.000000% 0.000000% 5.609916%
60 Days 2.860697% 0.082919% 0.000000% 0.000000% 2.943615%
2.740940% 0.088104% 0.000000% 0.000000% 2.829044%
90 Days 1.077944% 0.041459% 0.000000% 0.000000% 1.119403%
0.916339% 0.029508% 0.000000% 0.000000% 0.945847%
120 Days 0.124378% 0.041459% 1.741294% 0.000000% 1.907131%
0.065082% 0.088356% 1.465845% 0.000000% 1.619284%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 9.079602% 0.414594% 1.741294% 0.000000% 11.235489%
9.292561% 0.349785% 1.465845% 0.000000% 11.108191%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<S> <C> <C> <C> <C> <C>
Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 3 0 0 3
303,937.74 0.00 0.00 303,937.74
30 Days 60 1 0 0 61
4,607,431.70 54,452.15 0.00 0.00 4,661,883.85
60 Days 23 1 0 0 24
2,016,253.94 115,991.46 0.00 0.00 2,132,245.40
90 Days 10 1 0 0 11
819,490.89 44,899.86 0.00 0.00 864,390.75
120 Days 5 2 25 0 32
337,932.83 80,728.48 1,713,432.87 0.00 2,132,094.18
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 98 8 25 0 131
7,781,109.36 600,009.69 1,713,432.87 0.00 10,094,551.92
0-29 Days 0.389105% 0.000000% 0.000000% 0.389105%
0.492124% 0.000000% 0.000000% 0.492124%
30 Days 7.782101% 0.129702% 0.000000% 0.000000% 7.911803%
7.460166% 0.088167% 0.000000% 0.000000% 7.548332%
60 Days 2.983139% 0.129702% 0.000000% 0.000000% 3.112840%
3.264636% 0.187809% 0.000000% 0.000000% 3.452445%
90 Days 1.297017% 0.129702% 0.000000% 0.000000% 1.426719%
1.326886% 0.072700% 0.000000% 0.000000% 1.399586%
120 Days 0.648508% 0.259403% 3.242542% 0.000000% 4.150454%
0.547167% 0.130712% 2.774321% 0.000000% 3.452200%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 12.710765% 1.037613% 3.242542% 0.000000% 16.990921%
12.598855% 0.971511% 2.774321% 0.000000% 16.344687%
<FN>
(7) The 120 Day category for delinquent, bankruptcy, foreclosure, and REO
contains loans that are 120 days or more delinquent.
</FN>
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 35,001.39
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 1,096,575.21
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 10.883226%
Weighted Average Net Coupon 10.383226%
Weighted Average Pass-Through Rate 10.358226%
Weighted Average Maturity(Stepdown Calculation ) 353
Beginning Scheduled Collateral Loan Count 3,219
Number Of Loans Paid In Full 36
Ending Scheduled Collateral Loan Count 3,183
Beginning Scheduled Collateral Balance 241,824,240.89
Ending Scheduled Collateral Balance 239,298,997.85
Ending Actual Collateral Balance at 30-Sep-2000 239,417,511.33
Monthly P &I Constant 2,381,879.30
Ending Scheduled Balance for Premium Loans 239,298,997.85
Scheduled Principal 188,689.42
Unscheduled Principal 2,336,553.62
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 263,555.68
Overcollateralized reduction Amount 0.00
Specified O/C Amount 4,625,000.00
Overcollateralized Amount 1,549,389.97
Overcollateralized Deficiency Amount 3,339,165.71
Base Overcollateralized Amount 0.00
Extra principal distribution Amount 263,555.68
Excess Cash Amount 263,555.68
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Interest Advance Recoveries $800,299.79
Servicing Advance Recoveries $32,757.67
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2 Total
Collateral Description Mixed Fixed Mixed ARM
Weighted Average Coupon Rate 10.945926 10.703689
Weighted Average Net Rate 10.420926 10.178689
Weighted Average Maturity 353.00 353.00
Beginning Loan Count 2,440 779 3,219
Loans Paid In Full 28 8 36
Ending Loan Count 2,412 771 3,183
Beginning Scheduled Balance 179,230,934.28 62,593,306.61 241,824,240.89
Ending scheduled Balance 177,560,971.45 61,738,026.40 239,298,997.85
Record Date 9/30/00 9/30/00
Principal And Interest Constant 1,797,157.72 584,721.58 2,381,879.30
Scheduled Principal 162,283.90 26,405.52 188,689.42
Unscheduled Principal 1,507,678.93 828,874.69 2,336,553.62
Scheduled Interest 1,634,873.82 558,316.06 2,193,189.88
Servicing Fees 74,679.55 26,080.55 100,760.10
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 3,733.97 1,304.03 5,038.00
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 1,556,460.30 530,931.48 2,087,391.78
Realized Loss Amount 22,134.54 0.00 22,134.54
Cumulative Realized Loss 35,001.39 0.00 35,001.39
Percentage of Cumulative Losses 0.00 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Group Miscellaneous Reporting Items
1 Group F Curtailments $15,759.22
2 Group A Curtailments $2,932.63
</TABLE>
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