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Previous: OPTION ONE MORT ACCEPT CORP ASSET BACKED CERT SER 2000-2, 8-K, 2000-07-07 |
Next: AXCELIS TECHNOLOGIES INC, S-1/A, 2000-07-07 |
<TABLE>
<CAPTION>
Option One Mortgage Loan Trust
Mortgage Pass-Through Certificates
Record Date: 05/31/2000
Distribution Date: 06/26/2000
OOMC Series: 2000-2
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 68389FAT1 SEQ 6.91500% 135,571,795.92 833,314.64 1,216,569.97
M-1 68389FAU8 SEQ 7.20500% 11,907,000.00 76,257.72 0.00
M-2 68389FAV6 SEQ 7.52500% 8,505,000.00 56,889.00 0.00
M-3 68389FAW4 SEQ 8.92500% 7,654,000.00 60,721.73 0.00
S 68389FAX2 IO 3.50000% 0.00 49,610.46 0.00
C OPT00020C SUB 45.65922% 6,377,900.00 242,679.93 0.00
R-1 OPT0002R1 RES 0.00000% 0.00 0.00 0.00
R-2 OPT0002R2 RES 0.00000% 0.00 0.00 0.00
R-3 OPT0002R3 RES 0.00000% 0.00 0.00 0.00
R-4 OPT0002R4 RES 0.00000% 0.00 0.00 0.00
P OPT00002P SEQ 0.00000% 100.00 15,264.60 0.00
Totals 170,015,795.92 1,334,738.08 1,216,569.97
</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 0.00 134,355,225.95 2,049,884.61 0.00
M-1 0.00 11,907,000.00 76,257.72 0.00
M-2 0.00 8,505,000.00 56,889.00 0.00
M-3 0.00 7,654,000.00 60,721.73 0.00
S 0.00 0.00 49,610.46 0.00
C 0.00 6,377,900.00 242,679.93 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
R-4 0.00 0.00 0.00 0.00
P 0.00 100.00 15,264.60 0.00
Totals 0.00 168,799,225.95 2,551,308.05 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 135,649,000.00 135,571,795.92 0.00 1,216,569.97 0.00 0.00
M-1 11,907,000.00 11,907,000.00 0.00 0.00 0.00 0.00
M-2 8,505,000.00 8,505,000.00 0.00 0.00 0.00 0.00
M-3 7,654,000.00 7,654,000.00 0.00 0.00 0.00 0.00
S 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
C 6,377,899.89 6,377,900.00 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
R-4 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
Totals 170,092,999.89 170,015,795.92 0.00 1,216,569.97 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 1,216,569.97 134,355,225.95 0.99046234 1,216,569.97
M-1 0.00 11,907,000.00 1.00000000 0.00
M-2 0.00 8,505,000.00 1.00000000 0.00
M-3 0.00 7,654,000.00 1.00000000 0.00
S 0.00 0.00 0.00000000 0.00
S 0.00 0.00 0.00000000 0.00
C 0.00 6,377,900.00 1.00000002 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
R-4 0.00 0.00 0.00000000 0.00
P 0.00 100.00 1.00000000 0.00
Totals 1,216,569.97 168,799,225.95 0.99239373 1,216,569.97
</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 135,649,000.00 999.43085404 0.00000000 8.96851411 0.00000000
M-1 11,907,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 8,505,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 7,654,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
S 0.00 0.00000000 0.00000000 0.00000000 0.00000000
C 6,377,899.89 1000.00001725 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
R-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) Per $1,000 denomination except for class P which is per $100.
</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 0.00000000 8.96851411 990.46233994 0.99046234 8.96851411
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
M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
S 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
C 0.00000000 0.00000000 1,000.00001725 1.00000002 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
R-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 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 135,649,000.00 6.91500% 135,571,795.92 833,314.64 0.00 0.00
M-1 11,907,000.00 7.20500% 11,907,000.00 76,257.72 0.00 0.00
M-2 8,505,000.00 7.52500% 8,505,000.00 56,889.00 0.00 0.00
M-3 7,654,000.00 8.92500% 7,654,000.00 60,721.73 0.00 0.00
S 0.00 3.50000% 17,009,299.99 49,610.46 0.00 0.00
C 6,377,899.89 45.65922% 6,377,900.00 242,674.96 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
R-4 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
Totals 170,092,999.89 1,319,468.51 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 0.00 0.00 833,314.64 0.00 134,355,225.95
M-1 0.00 0.00 76,257.72 0.00 11,907,000.00
M-2 0.00 0.00 56,889.00 0.00 8,505,000.00
M-3 0.00 0.00 60,721.73 0.00 7,654,000.00
S 0.00 0.00 49,610.46 0.00 17,009,299.99
C 0.00 0.00 242,679.93 0.00 6,377,900.00
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
R-4 0.00 0.00 0.00 0.00 0.00
P 0.00 0.00 15,264.60 0.00 100.00
Totals 0.00 0.00 1,334,738.08 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 135,649,000.00 6.91500% 999.43085404 6.14316832 0.00000000 0.00000000
M-1 11,907,000.00 7.20500% 1000.00000000 6.40444444 0.00000000 0.00000000
M-2 8,505,000.00 7.52500% 1000.00000000 6.68888889 0.00000000 0.00000000
M-3 7,654,000.00 8.92500% 1000.00000000 7.93333290 0.00000000 0.00000000
S 0.00 3.50000% 999.99999941 2.91666676 0.00000000 0.00000000
C 6,377,899.89 45.65922% 1000.00001725 38.04935232 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
R-4 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
<FN>
(5) Per $1,000 denomination except for class P which $100.
</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 0.00000000 0.00000000 6.14316832 0.00000000 990.46233994
M-1 0.00000000 0.00000000 6.40444444 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 6.68888889 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 7.93333290 0.00000000 1000.00000000
S 0.00000000 0.00000000 2.91666676 0.00000000 999.99999941
C 0.00000000 0.00000000 38.05013158 0.00000000 1000.00001725
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
R-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 152646.00000000 0.00000000 1000.00000000
<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 ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 2,617,123.27
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 5,434.10
Realized Losses 0.00
Total Deposits 2,622,557.37
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 71,249.32
Payment of Interest and Principal 2,551,308.05
Total Withdrawals (Pool Distribution Amount) 2,622,557.37
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 70,824.36
Trustee Fee 424.96
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 71,249.32
</TABLE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<S> <C> <C> <C> <C>
Reserve Fund 1,000.00 4.97 4.97 1,000.00
</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 3 877,097.45 0.571429% 0.519610%
60 Days 1 335,742.23 0.190476% 0.198900%
90+ Days 0 0.00 0.000000% 0.000000%
Foreclosure 1 349,782.05 0.190476% 0.207218%
REO 0 0.00 0.000000% 0.000000%
Totals 5 1,562,621.73 0.952381% 0.925728%
(7) The foreclosure, bankruptcy and REO loans are also included in the 30, 60,
90 stratification data. As a result, the foreclosure, bankruptcy, and REO loans
will be double counted in the total line amount
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 0.00
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 5,434.10
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C>
Class M-1 22,536,999.89 13.24981034% 22,537,000.00 13.35136454% 7.053942% 0.000000%
Class M-2 14,031,999.89 8.24960457% 14,032,000.00 8.31283433% 5.038530% 0.000000%
Class M-3 6,377,999.89 3.74971333% 6,378,000.00 3.77845335% 4.534381% 0.000000%
Class S 6,377,999.89 3.74971333% 6,378,000.00 3.77845335% 0.000000% 0.000000%
Class C 100.00 0.00005879% 100.00 0.00005924% 3.778394% 0.000000%
Class R-I 100.00 0.00005879% 100.00 0.00005924% 0.000000% 0.000000%
Class R-II 100.00 0.00005879% 100.00 0.00005924% 0.000000% 0.000000%
Class R-III 100.00 0.00005879% 100.00 0.00005924% 0.000000% 0.000000%
Class R-IV 100.00 0.00005879% 100.00 0.00005924% 0.000000% 0.000000%
Class P 0.00 0.00000000% 0.00 0.00000000% 0.000059% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed & Mixed ARM
Weighted Average Gross Coupon 9.815920%
Weighted Average Net Coupon 9.420770%
Weighted Average Pass-Through Rate 0.000000%
Weighted Average Maturity(Stepdown Calculation ) 345
Beginning Scheduled Collateral Loan Count 418
Number Of Loans Paid In Full (107)
Ending Scheduled Collateral Loan Count 525
Beginning Scheduled Collateral Balance 134,049,616.52
Ending Scheduled Collateral Balance 168,799,225.95
Ending Actual Collateral Balance at 31-May-2000 168,821,836.86
Monthly P &I Constant 1,493,213.44
Ending Scheduled Balance for Premium Loans 168,799,225.95
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized reduction Amount 0.00
Specified O/C Amount 6,377,900.00
Overcollateralized Amount 6,377,900.00
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 0.00
Extra principal distribution Amount 0.00
Excess Cash Amount 451,808.01
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Prefunding Account Balance 0.00
Bankruptcy 1 335,742.23
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2 Total
Collateral Description Mixed Fixed 6 Month LIBOR ARM
Weighted Average Coupon Rate 9.873792 9.807023
Weighted Average Net Rate 9.370791 9.428454
Weighted Average Maturity 49.00 304.00
Beginning Loan Count 71 347 418
Loans Paid In Full (5) (102) (107)
Ending Loan Count 76 449 525
Beginning Scheduled Balance 21,023,183.29 113,026,433.23 134,049,616.52
Ending scheduled Balance 22,638,402.69 146,160,823.26 168,799,225.95
Record Date 05/31/2000 05/31/2000
Principal And Interest Constant 202,658.73 1,290,554.71 1,493,213.44
Scheduled Principal 16,250.34 70,980.67 87,231.01
Unscheduled Principal 277.53 1,129,061.43 1,129,338.96
Scheduled Interest 186,408.39 1,219,574.04 1,405,982.43
Servicing Fees 9,439.56 61,384.80 70,824.36
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 56.65 368.31 424.96
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 176,912.18 1,157,820.93 1,334,733.11
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
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 0.00 0.00 0.00 0.00 0.00 0.00
Percentage Of Balance 0.000% 0.000% 0.000% 0.000% 0.000% 0.000%
Loan Count 0 0 0 0 0 0
Percentage Of Loans 0.000% 0.000% 0.000% 0.000% 0.000% 0.000%
2 Principal Balance 0.00 0.00 0.00 0.00 0.00 0.00
Percentage Of Balance 0.000% 0.000% 0.000% 0.000% 0.000% 0.000%
Loan Count 0 0 0 0 0 0
Percentage Of Loans 0.000% 0.000% 0.000% 0.000% 0.000% 0.000%
Totals:Principal Balance 0.00 0.00 0.00 0.00 0.00 0.00
Percentage of Balance 0.000% 0.000% 0.000% 0.000% 0.000% 0.000%
Loan Count 0 0 0 0 0 0
Percentage Of Loans 0.000% 0.000% 0.000% 0.000% 0.000% 0.000%
</TABLE>
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