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Previous: ADVANCED POWER TECHNOLOGY INC, S-1/A, EX-23.1, 2000-07-28 |
Next: ORIENT EXPRESS HOTELS LTD, 8-A12B, 2000-07-28 |
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: July 25, 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 June, 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 June 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 June 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
July 31, 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 107,764,000 105,993,082 576,4 3,546,3 4,122,819.
A-2 SEQ 57,801,00 57,801,00 393,0 393,046
A-3 SEQ 40,179,00 40,179,00 280,248.53 280,248
A-4 STEP 62,429,00 62,429,00 447,928.08 447,928
A-5 STEP 24,327,00 24,327,00 180,425.25 180,425
A-6 STEP 32,500,00 32,500,00 224,791.67 224,791
A-7 FLT 75,000,00 74,900,64 415,1 403, 818,956
B
BS
R-II R -
Totals 400,000,000 398,129,729 2,518,07 3,950,1 6,468,216.
</TABLE>
<TABLE>
<CAPTION>
Current
Realized Deferred Principal
Class Losses Interest Balance
<S> <C> <C> <C>
A-1 102,446,706.69
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 74,496,882.18
B -
BS -
R-II -
Totals 394,179,588.87
</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 6/26/00 7/24/00 A-Act/360 00755WHD1 107,764,000 983.5667
A-2 F-30/360 00755WHE9 57,801,00 1,000.00000
A-3 F-30/360 00755WHF6 40,179,00 1,000.00000
A-4 F-30/360 00755WHG4 62,429,00 1,000.00000
A-5 A-30/360 00755WHH2 24,327,00 1,000.00000
A-6 A-30/360 00755WHJ8 32,500,00 1,000.00000
A-7 6/26/00 7/24/00 A-Act/360 00755WHK5 75,000,00 998.6753
B -
BS -
R-II -
</TABLE>
<TABLE>
<CAPTION>
Current
Total Principal
Class Interest Principal Distribution Balance
<S> <C> <C> <C> <C>
A-1 5 32. 38. 950.657981
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 5 5 10. 993.291763
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 1,239,2 4,683,5 633,7 5,317,2 6,556,575.
A-2 57,801,00 786, 786,093
A-3 40,179,00 560, 560,497
A-4 62,429,00 895, 895,856
A-5 24,327,00 360, 360,850
A-6 32,500,00 449, 449,583
A-7 75,000,00 885, 423, 79, 503, 1,388,559.
B
BS
R-II 573, 573,575
Totals 400,000,000 5,751,1 5,107,3 713,0 5,820,4 11,571,591.5
</TABLE>
<TABLE>
<CAPTION>
Current
Realized Deferred Principal
Class Losses Interest Balance
<S> <C> <C> <C>
A-1 102,446,706.69
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 74,496,882.19
B -
BS -
R-II -
Totals 394,179,588.88
</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 6.75125% 105,993,082 576,
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 6.88125% 74,900,64 415,
B
BS
R-II
Totals 398,129,729 2,518,0
</TABLE>
<TABLE>
<CAPTION>
Paid or Current
Optimal Deferred Unpaid
Class Interest Interest Interest
<S> <C> <C> <C>
A-1 576, 576, -
A-2 393, 393, -
A-3 280, 280, -
A-4 447, 447, -
A-5 180, 180, -
A-6 224, 224, -
A-7 415, 415, -
B -
BS -
R-II -
Totals 2,518,0 2,518,0 -
</TABLE>
<TABLE>
<CAPTION>
Collection Account Report
SUMMARY ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Principal Collections 245,872.42 3,040,091.66 3,285,964.
Principal Withdrawals 0.00 0.00
Principal Other Accounts 0.00 0.00
TOTAL PRINCIPAL 245,872.42 3,040,091.66 3,285,964.
Interest Collected 626,073.75 2,823,130.00 3,449,203.
Interest Withdrawals 0.00 0.00
Interest Other Accounts 0.00 0.00
Interest Fees (52,989.44) (213,961.84) (266,951
TOTAL INTEREST 573,084.31 2,609,168.16 3,182,252.
TOTAL AVAILABLE TO CERTIFICATEHOLDERS 818,9 5,649,2 6,468,216.
</TABLE>
<TABLE>
<CAPTION>
PRINCIPAL-COLLECTIONS ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Scheduled Principal 35,044.36 240,791.69 275,836
Curtailments 19,588.43 228,488.57 248,077
Prepayments In Full 191,239.63 2,570,811.40 2,762,051.
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 245,8 3,040,0 3,285,964.
</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
</TABLE>
<TABLE>
<CAPTION>
INTEREST - COLLECTIONS ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Scheduled Interest 632,013.92 2,854,894.80 3,486,908.
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 (84,606.45) (474,769.82) (559,376.27)
Interest Advanced 78,666.28 443,005.02 521,671.30
Prepayment Interest Shortfalls 0.00 (3,249.21) (3,249.21)
Compensating Interest 0.00 3,249.21 3,249.21
Civil Relief Act Shortfalls 0.00 0.00 0.00
TOTAL INTEREST COLLECTED 626,073.75 2,823,130.00 3,449,203.
</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 0.00 0.00
Capitalized Interest Account 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
INTEREST - FEES ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Current Servicing Fees 41,862.09 171,561.58 213,423.67
Trustee Fee Amount 573.63 2,439.92 3,013.55
Insurance Premium Amount 10,553.72 39,960.34 50,514.06
TOTAL FEES 52,989.44 213,961.84 266,951.28
</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 1,740,852.79 2,599,400.28 4,340,253.07
Overcollateralization Deficiency Amount 2,243,570.68 6,403,615.47 8,647,186.15
Overcollateralization Deficit Amount 0.00 0.00 0.00
Overcollateralization Increase Amount 157,892.86 506,283.73 664,176.59
Overcollateralization Reduction Amount 0.00 0.00 0.00
Components of change in Overcollateralization*
Excess Interest generated by Pool 157,892.86 506,283.73 664,176.59
Pre-funding Account Interest Earnings 0.00 0.00 0.00
Additional Principal 0.00 0.00 0.00
TOTAL 157,892.86 506,283.73 664,176.59
</TABLE>
<TABLE>
<CAPTION>
Collateral Report
COLLATERAL ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Loan Count:
Original 768 4,892 5,660
Prior 768 4,866 5,634
Prefunding 163 505 668
Scheduled Paid Offs 0 0 0
Full Voluntary Prepayments (2) (47) (49)
Repurchases 0 0 0
Liquidations 0
Current 929 5,324 6,253 0
Principal Balance:
Original 63,861,425.87 297,166,303.74 361,027,729.61
Prior 63,816,757.84 295,695,549.14 359,512,306.98
Prefunding 12,666,849.56 29,626,649.49 42,293,499.0
Scheduled Principal (35,044.36) (240,791.69) (275,836.05)
Partial and Full Voluntary Prepayments (210,828.06) (2,799,299.97) (3,010,128.03)
Repurchases
Liquidations
Current 76,237,734.98 322,282,106.97 398,519,841.95
</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 12,666,849 29,626,64 42,293,499.0
Pre-Funding Account Earnings 0.00 0.00 0.00
Withdrawal remaining amounts 0.00 0.00 0.00
Pre-Funding Account Ending Balance 0.00 0.00 0.00
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 0.00 0.00 0.00
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 9.814366% 10.472461% 10.356052%
Weighted Average Coupon Current 9.916069% 10.530710% 10.413713%
Weighted Average Months to Maturity Original 344 269 282
Weighted Average Months to Maturity Prior 344 269 282
Weighted Average Months to Maturity Current 344 264 279
Weighted Avg Remaining Amortization Term Original 345 274 287
Weighted Avg Remaining Amortization Term Prior 345 274 287
Weighted Avg Remaining Amortization Term Current 345 277 290
Weighted Average Seasoning Original 2.50 5.27 4.78
Weighted Average Seasoning Prior 2.50 5.27 4.78
Weighted Average Seasoning Current 3.47 6.02 5.53
</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 5.511%
Weighted Average Coupon Current 5.508%
Weighted Average Max Rate Original 16.814% 10.472%
Weighted Average Max Rate Prior 16.814% 10.472%
Weighted Average Max Rate Current 16.889% 10.531%
Weighted Average Min Rate Original 9.285% 9.713%
Weighted Average Min Rate Prior 9.285% 9.713%
Weighted Average Min Rate Current 9.280% 9.773%
Weighted Average Cap Up Original 1.025%
Weighted Average Cap Up Prior 1.025%
Weighted Average Cap Up Current 1.023%
Weighted Average Cap Down Original 1.025%
Weighted Average Cap Down Prior 1.025%
Weighted Average Cap Down Current 1.023%
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES / ADVANCES ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Current Servicing Fees 41,862.09 171,561.58 213,423.67
Delinquent Servicing Fees 5,940.17 31,764.80 37,704.97
TOTAL SERVICING FEES 47,802.26 203,326.38 251,128.64
Total Servicing Fees 47,802.26 203,326.38 251,128.64
Compensating Interest 0.00 (3,249.21) (3,249.21)
Delinquent Servicing Fees (5,940.17) (31,764.80) (37,704.97)
COLLECTED SERVICING FEES 41,862.09 168,312.37 210,174.46
Prepayment Interest Shortfall 0.00 3,249.21 3,249.21
Total Advanced Interest 78,666.28 443,005.02 521,671.30
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 9.913249% 10.523880% 10.407065%
</TABLE>
<TABLE>
<CAPTION>
Delinquency Report - Total
Current 1 Payment 2 Payments 3+ Payments Total
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 6,049,5 895,6 272, 7,218,127.
% Balance 1.52% 0.22% 0.07% 1.81%
# Loans 120 19 145
% # Loans 1.92% 0.30% 0.10% 2.32%
FORECLOSURE Balance 39, 318, 358,544
% Balance 0.00% 0.00% 0.01% 0.08% 0.09%
# Loans
% # Loans 0.00% 0.00% 0.02% 0.08% 0.10%
BANKRUPTCY Balance 208, 153, 78, 61 501,836
% Balance 0.05% 0.04% 0.02% 0.02% 0.13%
# Loans 5 11
% # Loans 0.08% 0.05% 0.03% 0.02% 0.18%
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 208, 6,202,8 1,013,88 652, 8,078,508.
% Balance 0.05% 1.56% 0.25% 0.17% 2.03%
# Loans
% # Loans 0.08% 1.97% 0.35% 0.20% 2.60%
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 5,385,5 879,6 234, 6,499,732.
% Balance 1.67% 0.27% 0.07% 2.01%
# Loans 111 18 134
% # Loans 2.08% 0.34% 0.09% 2.51%
FORECLOSURE Balance 39, 318, 358,544
% Balance 0.00% 0.00% 0.01% 0.10% 0.11%
# Loans
% # Loans 0.00% 0.00% 0.02% 0.09% 0.11%
BANKRUPTCY Balance 208, 153, 29, 61 453,177
% Balance 0.06% 0.05% 0.01% 0.02% 0.14%
# Loans 5 10
% # Loans 0.09% 0.06% 0.02% 0.02% 0.19%
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 208, 5,538,9 949,2 614, 7,311,454.
% Balance 0.06% 1.72% 0.29% 0.19% 2.26%
# Loans
% # Loans 0.09% 2.14% 0.38% 0.20% 2.81%
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 663, 15, 38 718,395
% Balance 0.87% 0.02% 0.05% 0.94%
# Loans 9 1 11
% # Loans 0.97% 0.11% 0.11% 1.19%
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, 48,65
% Balance 0.00% 0.00% 0.06% 0.00% 0.06%
# Loans 1
% # Loans 0.00% 0.00% 0.11% 0.00% 0.11%
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 663, 64, 38 767,053
% Balance 0.00% 0.87% 0.08% 0.05% 1.00%
# Loans
% # Loans 0.00% 0.97% 0.22% 0.11% 1.30%
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 2 47 49
Number of Repurchased Loans 0
Total Number of Loans Prepaid in Full 2 47 49
Paid in Full Balance 191,2 2,570,8 2,762,051.
Repurchased Loan Balance
Curtailments Amount 19, 228,488.57 248,077
Total Prepayment Amount 210,8 2,799,2 3,010,128.
Cumulative
Number of Paid in Full Loans 2 73 75
Number of Repurchased Loans 0 0
Total Number of Loans Prepaid in Full 73 75
Paid in Full Balance 191,2 3,663,0 3,854,260.
Repurchased Loan Balance
Curtailments Amount 19997.68 214,106.67 234,104
Total Prepayment Amount 211,2 3,877,1 4,088,364.
</TABLE>
<TABLE>
<CAPTION>
Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS RATES ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
SMM 0.28% 0.86% 0.75%
3 Months Avg SMM
12 Months Avg SMM
Avg SMM Since Cut-off 0.14% 0.61% 0.52%
CPR 3.26% 9.86% 8.63%
3 Months Avg CPR
12 Months Avg CPR
Avg CPR Since Cut-off 1.65% 7.11% 6.12%
PSA 469.68% 818.74% 780.36%
3 Months Avg PSA Approximation
12 Months Avg PSA Approximation
Avg PSA Since Cut-off Approximation 275.89% 629.49% 593.25%
</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 6.720000%
Class A-5 8.900000%
Class A-6 8.300000%
Class A-7 6.850000%
</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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