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Previous: MORGAN STANLEY DEAN WITTER SE EQ TR SE GLOBAL 30 PORT 2000-3, 497J, 2000-07-07 |
Next: STRUCTURED ASSET SECURITIES CORP MO PA TH CE SE 2000-BC2, 8-K, 2000-07-07 |
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: June 30, 2000
ADVANTA Mortgage Loan Trust 2000-1
New York 333-92669-02 "Pending"
c/o ADVANTA Mortgage Corp., USA
Attn: H. John Berens
10790 Rancho Bernardo Road
San Diego, Ca 92127
(858) 676-3099
Item 5. Other Events
Information relating to the distributions to Certificate holders
for the May, 2000 Monthly Period of the Trust in respect of
the Mortgage Loan Asset-Backed Certificates, Series 2000-1
issued by the Registrant and the performance of the Trust
(including distributions of principal and interest, delinquent
balances of Home Equity Loans, and the Subordinated
amount remaining), together with certain other information
relating to the certificates, is contained in the Monthly
Report for the Monthly Period provided to certificateholders
pursuant to the Pooling and Servicing Agreement (the "Agreement")
dated as of May 1, 2000 between ADVANTA Mortgage Corp.,
USA as Servicer, and Bankers Trust Company, as Trustee.
Item 7. Financial Statements, Exhibits
Exhibit No. Exhibit
1. Monthly Report for the May 2000 Monthly
period relating to the Mortgage Loan Asset-
Backed Certificates, Series 2000-1,
issued by the ADVANTA Mortgage Loan
Trust 2000-1.
EXHIBIT INDEX
Exhibit
1. Monthly Report for the May 2000 Monthly
Period relating to the Mortgage Loan Asset-Backed
Certificates, Series 2000-1, issued by the
ADVANTA Mortgage Loan Trust 2000-1.
SIGNATURE
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 thereunto duly authorized.
ADVANTA Mortgage Loan Trust 2000-1
ADVANTA Mortgage Corp., USA
BY:
/s/ H. John Berens
BY: H. John Berens
Senior Vice President
Advanta Mortgage
June 30, 2000
<TABLE>
EXHIBIT 1
<CAPTION>
ADVANTA Mortgage Loan Trust 2000-1
Statement to Certificateholders
Distribution in Dollars - Current Period
<CAPTION>
Prior
Class Original Principal Total
Class Type Face Value Balance Interest Principal Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 FLT 107,764,000 107,764,000 662,8 1,770,9 2,433,75
A-2 SEQ 57,801,00 57,801,00 393,0 393,0
A-3 SEQ 40,179,00 40,179,00 280,248.53 280,2
A-4 STEP 62,429,00 62,429,00 447,928.08 447,9
A-5 STEP 24,327,00 24,327,00 180,425.25 180,4
A-6 STEP 32,500,00 32,500,00 224,791.67 224,7
A-7 FLT 75,000,00 75,000,00 470,2 99 569,6
B
BS
R-II R 573,575.81 573,5
Totals 400,000,000 400,000,000 3,233,10 1,870,2 5,103,37
</TABLE>
<TABLE>
<CAPTION>
Current
Realized Deferred Principal
Class Losses Interest Balance
<S> <C> <C> <C>
A-1 105,993,082.08
A-2 57,801,000.00
A-3 40,179,000.00
A-4 62,429,000.00
A-5 24,327,000.00
A-6 32,500,000.00
A-7 74,900,647.46
B -
BS -
R-II -
Totals 398,129,729.54
</TABLE>
<TABLE>
<CAPTION>
Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face
Orig. Principal Prior
Period Period (with Notional) Principal
Class Starting Ending Method Cusip Balance Balance
<S> <C> <C> <C> <C> <C> <C>
A-1 5/24/00 6/25/00 A-Act/360 00755WHD1 107,764,000 1,000.000
A-2 F-30/360 00755WHE9 57,801,00 1,000.000
A-3 F-30/360 00755WHF6 40,179,00 1,000.000
A-4 F-30/360 00755WHG4 62,429,00 1,000.000
A-5 A-30/360 00755WHH2 24,327,00 1,000.000
A-6 A-30/360 00755WHJ8 32,500,00 1,000.000
A-7 5/24/00 6/25/00 A-Act/360 00755WHK5 75,000,00 1,000.000
B -
BS -
R-II -
</TABLE>
<TABLE>
<CAPTION>
Current
Total Principal
Class Interest Principal Distribution Balance
<S> <C> <C> <C> <C>
A-1 6 16. 22. 983.566702
A-2 6 6 1,000.000000
A-3 6 6 1,000.000000
A-4 7 7 1,000.000000
A-5 7 7 1,000.000000
A-6 6 6 1,000.000000
A-7 6 1 7 998.675300
B
BS
R-II
</TABLE>
<TABLE>
<CAPTION>
Distribution in Dollars - To Date
Original Unscheduled Scheduled Total Total
Class Face Value Interest Principal Principal Principal Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 107,764,000 662, 1,377,9 392,9 1,770,9 2,433,75
A-2 57,801,00 393, 393,0
A-3 40,179,00 280, 280,2
A-4 62,429,00 447, 447,9
A-5 24,327,00 180, 180,4
A-6 32,500,00 224, 224,7
A-7 75,000,00 470, 55 44, 99 569,6
B
BS
R-II 573, 573,5
Totals 400,000,000 3,233,1 1,433,0 437,1 1,870,2 5,103,37
</TABLE>
<TABLE>
<CAPTION>
Current
Realized Deferred Principal
Class Losses Interest Balance
<S> <C> <C> <C>
A-1 105,993,082.08
A-2 57,801,000.00
A-3 40,179,000.00
A-4 62,429,000.00
A-5 24,327,000.00
A-6 32,500,000.00
A-7 74,900,647.46
B -
BS -
R-II -
Totals 398,129,729.54
</TABLE>
<TABLE>
<CAPTION>
Interest Detail
Pass Prior Principal Non- Prior Unscheduled
Through (with Notional) Accrued Supported Unpaid Interest
Class Rate Balance Interest Interest SF Interest Adjustments
<S> <C> <C> <C> <C> <C> <C>
A-1 6.71000% 107,764,000 662,
A-2 8.16000% 57,801,00 393,
A-3 8.37000% 40,179,00 280,
A-4 8.61000% 62,429,00 447,
A-5 8.90000% 24,327,00 180,
A-6 8.30000% 32,500,00 224,
A-7 6.84000% 75,000,00 470,
B
BS
R-II
Totals 400,000,000 2,659,5
</TABLE>
<TABLE>
<CAPTION>
Paid or Current
Optimal Deferred Unpaid
Class Interest Interest Interest
<S> <C> <C> <C>
A-1 662, 662, -
A-2 393, 393, -
A-3 280, 280, -
A-4 447, 447, -
A-5 180, 180, -
A-6 224, 224, -
A-7 470, 470, -
B -
BS -
R-II 573, -
Totals 2,659,5 3,233,1 -
</TABLE>
<TABLE>
<CAPTION>
Collection Account Report
SUMMARY ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Principal Collections 44,668.03 1,470,754.60 1,515,42
Principal Withdrawals 0.00 0.00
Principal Other Accounts 2,336.81 4,432.39 6
TOTAL PRINCIPAL 47,004.84 1,475,186.99 1,522,19
Interest Collected 517,834.53 2,566,699.07 3,084,53
Interest Withdrawals 0.00 0.00
Interest Other Accounts 204,362.84 540,499.88 744,8
Interest Fees (46,538.30) (201,674.86) (248,2
TOTAL INTEREST 675,659.07 2,905,524.09 3,581,18
TOTAL AVAILABLE TO CERTIFICATEHOLDERS 722,6 4,380,7 5,103,37
</TABLE>
<TABLE>
<CAPTION>
PRINCIPAL-COLLECTIONS ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Scheduled Principal 44,258.78 392,927.10 437,1
Curtailments 409.25 (14,381.90) (13,
Prepayments In Full 0.00 1,092,209.40 1,092,20
Repurchased Principal Amounts 0.00 0.00 0.00
Substitution Principal Accounts 0.00 0.00 0.00
Liquidations 0.00 0.00 0.00
Insurance Principal 0.00 0.00 0.00
Other Principal 0.00 0.00 0.00
Total Realized Loss of Principal 0.00 0.00 0.00
TOTAL PRINCIPAL COLLECTED 44, 1,470,7 1,515,42
</TABLE>
<TABLE>
<CAPTION>
Collection Account Report
PRINCIPAL - WITHDRAWALS ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
</TABLE>
<TABLE>
<CAPTION>
PRINCIPAL - OTHER ACCOUNTS ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Amounts remaining in Pre-Funding account 2 6
</TABLE>
<TABLE>
<CAPTION>
INTEREST - COLLECTIONS ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Scheduled Interest 522,299.52 2,593,385.54 3,115,68
Repurchase Interest 0.00 0.00 0.00
Substitution Interest Amount 0.00 0.00 0.00
Liquidation Interest 0.00 0.00 0.00
Insurance Interest 0.00 0.00 0.00
Other Interest 0.00 0.00 0.00
Delinquent Interest (62,040.66) (398,301.22) (460,341.88)
Interest Advanced 57,575.67 371,614.75 429,190.42
Prepayment Interest Shortfalls 0.00 (1,934.43) (1,934.43)
Compensating Interest 0.00 1,934.43 1,934.43
Civil Relief Act Shortfalls 0.00 0.00 0.00
TOTAL INTEREST COLLECTED 517,834.53 2,566,699.07 3,084,53
</TABLE>
<TABLE>
<CAPTION>
Collection Account Report
INTEREST - WITHDRAWLS ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Current Nonrecoverable Advances 0.00 0.00 0.00
Reimbursement of Delinquency/Servicing Advances 0.00 0.00 0.00
TOTAL INTEREST WITHDRAWALS
</TABLE>
<TABLE>
<CAPTION>
INTEREST - OTHER ACCOUNTS ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Capitalized Interest Requirement 0.00 0.00 0.00
Pre-Funding Interest Earnings 51,301.47 119,985.44 171,2
Capitalized Interest Account 153,061.37 420,514.44 573,5
</TABLE>
<TABLE>
<CAPTION>
INTEREST - FEES ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Current Servicing Fees 35,448.41 159,042.47 194,490.88
Trustee Fee Amount 478.96 2,228.75 2,707.71
Insurance Premium Amount 10,610.93 40,403.64 51,014.57
TOTAL FEES 46,538.30 201,674.86 248,213.16
</TABLE>
<TABLE>
<CAPTION>
Credit Enhancement Report
ACCOUNTS ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
SPACE INTENTIONALLY LEFT BLANK
</TABLE>
<TABLE>
<CAPTION>
INSURANCE ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Total Insured Payments 0.00 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
STRUCTURAL FEATURES ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Specified Overcollateralization Amount 3,826,530.61 8,496,732.03 12,323,262.64
Current Overcollateralization Amount 1,585,296.75 2,097,548.94 3,682,845.69
Overcollateralization Deficiency Amount 2,295,918.37 6,699,346.41 8,995,264.78
Overcollateralization Deficit Amount 0.00 0.00 0.00
Overcollateralization Increase Amount 52,347.70 295,730.93 348,078.63
Overcollateralization Reduction Amount 0.00 0.00 0.00
Components of change in Overcollateralization*
Excess Interest generated by Pool 1,046.23 175,745.49 176,791.72
Pre-funding Account Interest Earnings 51,301.40 119,985.44 171,286.84
Additional Principal 0.00 0.00 0.00
TOTAL 52,347.63 295,730.93 348,078.56
</TABLE>
<TABLE>
<CAPTION>
Collateral Report
COLLATERAL ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Loan Count: 768 4,892 5,660
Original
Prior
Prefunding
Scheduled Paid Offs
Full Voluntary Prepayments (26) (26)
Repurchases
Liquidations -
Current 768 4,866 5,634
Principal Balance:
Original 63,861,425.87 297,166,303.74 361,027,729.61
Prior
Prefunding
Scheduled Principal (44,258.78) (392,927.10) (437,185.88)
Partial and Full Voluntary Prepayments (409.25) (1,077,827.50) (1,078,236.75)
Repurchases
Liquidations
Current 63,816,757.84 295,695,549.14 359,512,306.98
</TABLE>
<TABLE>
<CAPTION>
PREFUNDING ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
PRE-FUNDING ACCOUNT
Original Pre-Funded Amount 12,669,186.37 29,631,081.88 42,300,268.25
Balance of Subsequent Mortgage Loans added this period
Pre-Funding Account Earnings 51,301.47 119,985.44 171,286.91
Withdrawal remaining amounts (2,336.81) (4,432.39) (6,769.20)
Pre-Funding Account Ending Balance 12,666,849.56 29,626,649.49 42,293,499.05
CAPITALIZED INTEREST ACCOUNT
Original Capitalized Interest Deposit 153,061.37 420,514.44 573,575.81
Capitalized Interest Requirement 0.00 0.00 0.00
Withdrawal remaining amounts 153,061.37 420,514.44 573,575.81
Capitalized Interest Accounts Ending Balance 0.00 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
CHARACTERISTICS ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Weighted Average Coupon Original 9.814366% 10.472461% 10.356052%
Weighted Average Coupon Prior
Weighted Average Coupon Current 9.814366% 10.472461% 10.356052%
Weighted Average Months to Maturity Original 344 269 282
Weighted Average Months to Maturity Prior
Weighted Average Months to Maturity Current 344 269 282
Weighted Avg Remaining Amortization Term Original 345 274 287
Weighted Avg Remaining Amortization Term Prior
Weighted Avg Remaining Amortization Term Current 345 274 287
Weighted Average Seasoning Original 2.50 5.27 4.78
Weighted Average Seasoning Prior
Weighted Average Seasoning Current 2.50 5.27 4.78
</TABLE>
<TABLE>
<CAPTION>
ARM CHARACTERISTICS ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Weighted Average Margin Original 5.511%
Weighted Average Coupon Prior
Weighted Average Coupon Current 5.511%
Weighted Average Max Rate Original 16.814% 10.472%
Weighted Average Max Rate Prior
Weighted Average Max Rate Current 16.814% 10.472%
Weighted Average Min Rate Original 9.285% 9.713%
Weighted Average Min Rate Prior
Weighted Average Min Rate Current 9.285% 9.713%
Weighted Average Cap Up Original 1.025%
Weighted Average Cap Up Prior
Weighted Average Cap Up Current 1.025%
Weighted Average Cap Down Original 1.025%
Weighted Average Cap Down Prior
Weighted Average Cap Down Current 1.025%
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES / ADVANCES ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Current Servicing Fees 35,448.41 159,042.47 194,490.88
Delinquent Servicing Fees 4,464.98 26,686.47 31,151.45
TOTAL SERVICING FEES 39,913.39 185,728.94 225,642.33
Total Servicing Fees 39,913.39 185,728.94 225,642.33
Compensating Interest 0.00 (1,934.43) (1,934.43)
Delinquent Servicing Fees (4,464.98) (26,686.47) (31,151.45)
COLLECTED SERVICING FEES 35,448.41 157,108.04 192,556.45
Prepayment Interest Shortfall 0.00 1,934.43 1,934.43
Total Advanced Interest 57,575.67 371,614.75 429,190.42
Current Nonrecoverable Advances 0.00 0.00 0.00
Unreimbursed Advances paid to Servicer this period 0.00 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
ADDITIONAL COLLATERAL INFORMATION ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Weighted Average Coupon Net 9.814706% 10.466760% 10.351014%
</TABLE>
<TABLE>
<CAPTION>
Delinquency Report - Total
Current 1 Payment 2 Payments 3+ Payments Total
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 4,911,0 958,3 5,869,34
% Balance 1.37% 0.27% 0.00% 1.64%
# Loans 88 18 106
% # Loans 1.56% 0.32% 0.00% 1.88%
FORECLOSURE Balance
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
BANKRUPTCY Balance 109,8 109,8
% Balance 0.00% 0.00% 0.03% 0.00% 0.03%
# Loans 0 2
% # Loans 0.00% 0.00% 0.04% 0.00% 0.04%
REO Balance
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
TOTAL Balance 4,911,0 1,068,20 5,979,22
% Balance 0.00% 1.37% 0.30% 0.00% 1.67%
# Loans
% # Loans 0.00% 1.56% 0.36% 0.00% 1.92%
Note: Current=0-29 days, 1 payment=30-59 days, 2 payments=60-89 days, 3+payments=90+
</TABLE>
<TABLE>
<CAPTION>
Delinquency Report - Fixed Group
Current 1 Payment 2 Payments 3+ Payments Total
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 4,659,4 829,8 5,489,38
% Balance 1.58% 0.28% 0.00% 1.86%
# Loans 85 16 101
% # Loans 1.75% 0.33% 0.00% 2.08%
FORECLOSURE Balance
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
BANKRUPTCY Balance 61, 61,
% Balance 0.00% 0.00% 0.02% 0.00% 0.02%
# Loans 0 1
% # Loans 0.00% 0.00% 0.02% 0.00% 0.02%
REO Balance
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
TOTAL Balance 4,659,4 891,0 5,550,58
% Balance 0.00% 1.58% 0.30% 0.00% 1.88%
# Loans
% # Loans 0.00% 1.75% 0.35% 0.00% 2.10%
Note: Current=0-29 days, 1 payment=30-59 days, 2 payments=60-89 days, 3+payments=90+
</TABLE>
<TABLE>
<CAPTION>
Delinquency Report - Adjustable Group
Current 1 Payment 2 Payments 3+ Payments Total
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 251, 128,4 379,9
% Balance 0.39% 0.20% 0.00% 0.59%
# Loans 3 2 5
% # Loans 0.39% 0.26% 0.00% 0.65%
FORECLOSURE Balance
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
BANKRUPTCY Balance 48, 48,
% Balance 0.00% 0.00% 0.08% 0.00% 0.08%
# Loans 0 1
% # Loans 0.00% 0.00% 0.13% 0.00% 0.13%
REO Balance
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
TOTAL Balance 251, 177,1 428,6
% Balance 0.00% 0.39% 0.28% 0.00% 0.67%
# Loans
% # Loans 0.00% 0.39% 0.39% 0.00% 0.78%
Note: Current=0-29 days, 1 payment=30-59 days, 2 payments=60-89 days, 3+payments=90+
</TABLE>
<TABLE>
<CAPTION>
Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Current
Number of Paid in Full Loans 26 26
Number of Repurchased Loans
Total Number of Loans Prepaid in Full 26 26
Paid in Full Balance 1,092,2 1,092,20
Repurchased Loan Balance
Curtailments Amount 409.25 (14,381.90) (13,
Total Prepayment Amount 1,077,8 1,078,23
Cumulative
Number of Paid in Full Loans 26 26
Number of Repurchased Loans
Total Number of Loans Prepaid in Full 26 26
Paid in Full Balance 1,092,2 1,092,20
Repurchased Loan Balance
Curtailments Amount 409.25 (14,381.90) (13,
Total Prepayment Amount 1,077,8 1,078,23
</TABLE>
<TABLE>
<CAPTION>
Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS RATES ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
SMM 0.00% 0.36% 0.30%
3 Months Avg SMM
12 Months Avg SMM
Avg SMM Since Cut-off 0.00% 0.36% 0.30%
CPR 0.01% 4.27% 3.53%
3 Months Avg CPR
12 Months Avg CPR
Avg CPR Since Cut-off 0.01% 4.27% 3.53%
PSA 1.54% 405.33% 369.36%
3 Months Avg PSA Approximation
12 Months Avg PSA Approximation
Avg PSA Since Cut-off Approximation 1.54% 405.33% 369.36%
</TABLE>
<TABLE>
<CAPTION>
Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Current
Number of Loans Liquidated
Collateral Realized Loss/Gain Amount
Net Liquidation Proceeds
Cumulative
Number of Loans Liquidated
Collateral Realized Loss/Gain Amount
Net Liquidation Proceeds
Note: Collateral realized losses may include adjustments to loans liquidated in prior periods
</TABLE>
<TABLE>
<CAPTION>
Realized Loss Report - Collateral
DEFAULT SPEEDS ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
MDR 0.00% 0.00% 0.00%
3 Months Avg MDR
12 Months Avg MDR
Avg MDR Since Cut-off 0.00% 0.00% 0.00%
CDR 0.00% 0.00% 0.00%
3 Months Avg CDR
12 Months Avg CDR
Avg CDR Since Cut-off 0.00% 0.00% 0.00%
SDA 0.00% 0.00% 0.00%
3 Months Avg SDA
12 Months Avg SDA
Avg SDA Since Cut-off 0.00% 0.00% 0.00%
Loss Serverity Approximation for Current Period
3 Months Avg Loss Severity Approximation
12 Months Avg Loss Severity Approximation
Avg Loss Severity Approximation Since Cut-off
</TABLE>
<TABLE>
<CAPTION>
Triggers, Adj. Rate Cert. And Miscellaneous Report
TRIGGER EVENTS ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Has Servicer Termination Loss Trigger occurred No
</TABLE>
<TABLE>
<CAPTION>
ADJUSTABLE RATE CERTIFICATE INFORMATION ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Next Pass-Through Rates for Adjustable Rate Certificate
Class A-1 6.751250%
Class A-5 8.900000%
Class A-6 8.300000%
Class A-7 6.881250%
</TABLE>
<TABLE>
<CAPTION>
ADDITIONAL INFORMATION ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
SUPPLEMENTAL INTEREST ACCOUNT
Supplemental Interest Amount 0.00 0.00 0.00
Supplemental Interest Shortfall Carry-Forward Amount 0.00 0.00 0.00
Supplemental Interest Shortfall Amount 0.00 0.00 0.00
Deposite to Supp Int Acct (Class B Distribution*) 0.00 0.00 0.00
Payment to Supplemental Interest Right 0.00 0.00 0.00
Payment to Class BS 0.00 0.00 0.00
Supplemental Interest Account Ending Balance 0.00 0.00 0.00
</TABLE>
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