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Previous: MONROE JAMES BANCORP INC, 10QSB, EX-27, 2001-01-02 |
Next: CNH CAPITAL RECEIVABLES INC, 8-K, 2001-01-02 |
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: December 26, 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 November 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 November 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 November 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
December 29, 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 86,733,59 469,3 5,036,7 5,506,06
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 72,942,57 402,3 461, 863,5
B
BS
R-II R -
Totals 400,000,000 376,912,170 2,398,13 5,497,9 7,896,07
</TABLE>
<TABLE>
<CAPTION>
Current
Realized Deferred Principal
Class Losses Interest Balance
<S> <C> <C> <C>
A-1 81,696,873.65
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 72,481,363.98
B -
BS -
R-II -
Totals 371,414,237.63
</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 11/27/00 12/25/00 A-Act/360 00755WHD1 107,764,000 804.84
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 11/27/00 12/25/00 A-Act/360 00755WHK5 75,000,00 972.56
B -
BS -
R-II -
</TABLE>
<TABLE>
<CAPTION>
Current
Total Principal
Class Interest Principal Distribution Balance
<S> <C> <C> <C> <C>
A-1 4 46. 51. 758.109143
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 6 11. 966.418187
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 3,966,4 24,249,88 1,817,23 26,067,12 30,033,624
A-2 57,801,00 2,751,3 2,751,32
A-3 40,179,00 1,961,7 1,961,73
A-4 62,429,00 3,135,4 3,135,49
A-5 24,327,00 1,262,9 1,262,97
A-6 32,500,00 1,573,5 1,573,54
A-7 75,000,00 3,049,7 2,271,1 247,5 2,518,6 5,568,34
B
BS
R-II 573, 573,5
Totals 400,000,000 18,274,86 26,521,00 2,064,75 28,585,76 46,860,627
</TABLE>
<TABLE>
<CAPTION>
Current
Realized Deferred Principal
Class Losses Interest Balance
<S> <C> <C> <C>
A-1 81,696,873.65
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 72,481,363.96
B -
BS -
R-II -
Totals 371,414,237.61
</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 6.71750% 86,733,59 469,
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 6.84750% 72,942,57 402,
B
BS
R-II
Totals 376,912,170 2,398,1
</TABLE>
<TABLE>
<CAPTION>
Paid or Current
Optimal Deferred Unpaid
Class Interest Interest Interest
<S> <C> <C> <C>
A-1 469, 469, -
A-2 393, 393, -
A-3 280, 280, -
A-4 447, 447, -
A-5 180, 180, -
A-6 224, 224, -
A-7 402, 402, -
B -
BS -
R-II -
Totals 2,398,1 2,398,1 -
</TABLE>
<TABLE>
<CAPTION>
Collection Account Report
SUMMARY ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Principal Collections 299,580.69 4,573,525.66 4,873,10
Principal Withdrawals 0.00 0.00
Principal Other Accounts 0.00 0.00
TOTAL PRINCIPAL 299,580.69 4,573,525.66 4,873,10
Interest Collected 608,738.38 2,644,313.51 3,253,05
Interest Withdrawals (709.29) (3,887.16) (4
Interest Other Accounts 0.00 0.00
Interest Fees (44,047.63) (181,443.03) (225,4
TOTAL INTEREST 563,981.46 2,458,983.32 3,022,96
TOTAL AVAILABLE TO CERTIFICATEHOLDERS 863,5 7,032,5 7,896,07
</TABLE>
<TABLE>
<CAPTION>
PRINCIPAL-COLLECTIONS ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Scheduled Principal 32,731.90 232,874.66 265,6
Curtailments 73,582.13 248,057.42 321,6
Prepayments In Full 193,266.66 4,069,833.69 4,263,10
Repurchased Principal Amounts 0.00 0.00 0.00
Substitution Principal Accounts 0.00 0.00 0.00
Liquidations 0.00 79,118.03 79,118.03
Insurance Principal 0.00 0.00 0.00
Other Principal 0.00 0.00 0.00
Total Realized Loss of Principal 0.00 (56,358.14) (56,358.14)
TOTAL PRINCIPAL COLLECTED 299,5 4,573,5 4,873,10
</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 622,516.96 2,694,212.37 3,316,72
Repurchase Interest 0.00 0.00 0.00
Substitution Interest Amount 0.00 0.00 0.00
Liquidation Interest 0.00 1,008.06 1,008.06
Insurance Interest 0.00 0.00 0.00
Other Interest 0.00 0.00 0.00
Delinquent Interest (188,882.42) (755,391.49) (944,273.91)
Interest Advanced 175,103.84 704,484.57 879,588.41
Prepayment Interest Shortfalls 0.00 0.00 0.00
Compensating Interest 0.00 0.00 0.00
Civil Relief Act Shortfalls 0.00 0.00 0.00
TOTAL INTEREST COLLECTED 608,738.38 2,644,313.51 3,253,05
</TABLE>
<TABLE>
<CAPTION>
Collection Account Report
INTEREST - WITHDRAWLS ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Current Nonrecoverable Advances 709.29 3,887.16 4
Reimbursement of Delinquency/Servicing Advances 0.00 0.00
TOTAL INTEREST WITHDRAWALS 4
</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 0.00
Capitalized Interest Account 0.00 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
INTEREST - FEES ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
Current Servicing Fees 33,215.51 141,764.36 174,979.87
Trustee Fee Amount 563.93 2,312.06 2,875.99
Insurance Premium Amount 10,268.19 37,366.61 47,634.80
TOTAL FEES 44,047.63 181,443.03 225,490.66
</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 2,409,593.03 4,711,276.70 7,120,869.73
Overcollateralization Deficiency Amount 1,578,564.78 4,248,655.11 5,827,219.89
Overcollateralization Deficit Amount 0.00 0.00 0.00
Overcollateralization Increase Amount 161,627.19 463,199.79 624,826.98
Overcollateralization Reduction Amount 0.00 0.00 0.00
Components of change in Overcollateralization*
Excess Interest generated by Pool 161,627.19 463,199.79 624,826.98
Pre-funding Account Interest Earnings 0.00 0.00 0.00
Additional Principal 0.00 0.00 0.00
TOTAL 161,627.19 463,199.79 624,826.98
</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 916 5,058 5,974
Prefunding 0 0 0
Scheduled Paid Offs 0 0 0
Full Voluntary Prepayments (4) (75) (79)
Repurchases 0 0 0
Liquidations 0 (4) (4)
Current 912 4,979 5,891
Principal Balance:
Original 63,861,425.87 297,166,303.74 361,027,729.61
Prior 75,190,537.69 308,274,034.15 383,464,571.
Prefunding 0.00 0.00
Scheduled Principal (32,731.90) (232,874.66) (265,606.56)
Partial and Full Voluntary Prepayments (266,848.79) (4,317,891.11) (4,584,739.90)
Repurchases
Liquidations (79, (79,
Current 74,890,957.00 303,644,150.35 378,535,107.35
</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 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 9.927806% 10.504350% 10.391902%
Weighted Average Coupon Current 9.935031% 10.491524% 10.382406%
Weighted Average Months to Maturity Original 344 269 282
Weighted Average Months to Maturity Prior 341 261 277
Weighted Average Months to Maturity Current 340 260 276
Weighted Avg Remaining Amortization Term Original 345 274 287
Weighted Avg Remaining Amortization Term Prior 341 274 287
Weighted Avg Remaining Amortization Term Current 340 273 286
Weighted Average Seasoning Original 2.50 5.27 4.78
Weighted Average Seasoning Prior 7.45 9.98 9.48
Weighted Average Seasoning Current 8.45 10.97 10.47
</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 5.501%
Weighted Average Coupon Current 5.502%
Weighted Average Max Rate Original 16.814% 10.472%
Weighted Average Max Rate Prior 16.882% 10.504%
Weighted Average Max Rate Current 16.872% 10.492%
Weighted Average Min Rate Original 9.285% 9.713%
Weighted Average Min Rate Prior 9.276% 9.746%
Weighted Average Min Rate Current 9.276% 9.733%
Weighted Average Cap Up Original 1.025%
Weighted Average Cap Up Prior 1.023%
Weighted Average Cap Up Current 1.023%
Weighted Average Cap Down Original 1.025%
Weighted Average Cap Down Prior 1.023%
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 33,215.51 141,764.36 174,979.87
Delinquent Servicing Fees 13,778.58 50,906.92 64,685.50
TOTAL SERVICING FEES 46,994.09 192,671.28 239,665.37
Total Servicing Fees 46,994.09 192,671.28 239,665.37
Compensating Interest 0.00 0.00 0.00
Delinquent Servicing Fees (13,778.58) (50,906.92) (64,685.50)
COLLECTED SERVICING FEES 33,215.51 141,764.36 174,979.87
Prepayment Interest Shortfall 0.00 0.00 0.00
Total Advanced Interest 175,103.84 704,484.57 879,588.41
Current Nonrecoverable Advances 709.29 3,887.16 4,596.45
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 9.933094% 10.479667% 10.371530%
</TABLE>
<TABLE>
<CAPTION>
Delinquency Report - Total
Current 1 Payment 2 Payments 3+ Payments Total
<S> <C> <C> <C> <C> <C> <C>
DELINQUENT Balance 11,648,76 3,758,11 2,095,1 17,502,050
% Balance 3.08% 0.99% 0.55% 4.62%
# Loans 201 71 304
% # Loans 3.41% 1.21% 0.54% 5.16%
FORECLOSURE Balance 271, 158, 657,0 5,997,3 7,084,77
% Balance 0.07% 0.04% 0.17% 1.58% 1.86%
# Loans
% # Loans 0.03% 0.07% 0.19% 1.97% 2.26%
BANKRUPTCY Balance 1,227,5 175, 363,9 1,827,5 3,594,41
% Balance 0.32% 0.05% 0.10% 0.48% 0.95%
# Loans 22 61
% # Loans 0.37% 0.07% 0.08% 0.51% 1.03%
REO Balance 399, 399,4
% Balance 0.00% 0.00% 0.00% 0.11% 0.11%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.10% 0.10%
TOTAL Balance 1,499,5 11,982,49 4,779,11 10,319,54 28,580,729
% Balance 0.39% 3.17% 1.26% 2.72% 7.54%
# Loans
% # Loans 0.40% 3.55% 1.48% 3.12% 8.55%
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 9,486,9 2,555,36 1,809,7 13,851,992
% Balance 3.12% 0.84% 0.60% 4.56%
# Loans 173 53 254
% # Loans 3.47% 1.06% 0.56% 5.09%
FORECLOSURE Balance 93 113, 632,7 4,870,8 5,710,79
% Balance 0.03% 0.04% 0.21% 1.60% 1.88%
# Loans
% # Loans 0.02% 0.06% 0.20% 1.95% 2.23%
BANKRUPTCY Balance 1,145,8 107, 293,6 1,588,5 3,135,99
% Balance 0.38% 0.04% 0.10% 0.52% 1.04%
# Loans 21 54
% # Loans 0.42% 0.06% 0.08% 0.52% 1.08%
REO Balance 360, 360,9
% Balance 0.00% 0.00% 0.00% 0.12% 0.12%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.10% 0.10%
TOTAL Balance 1,239,3 9,708,4 3,481,74 8,630,1 23,059,773
% Balance 0.41% 3.20% 1.15% 2.84% 7.60%
# Loans
% # Loans 0.44% 3.59% 1.34% 3.13% 8.50%
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 2,161,8 1,202,74 285, 3,650,05
% Balance 2.89% 1.61% 0.38% 4.88%
# Loans 28 18 50
% # Loans 3.07% 1.97% 0.44% 5.48%
FORECLOSURE Balance 178, 44 24, 1,126,4 1,373,98
% Balance 0.24% 0.06% 0.03% 1.50% 1.83%
# Loans 1 1 1 19 22
% # Loans 0.11% 0.11% 0.11% 2.08% 2.41%
BANKRUPTCY Balance 81 67 70, 238, 458,4
% Balance 0.11% 0.09% 0.09% 0.32% 0.61%
# Loans 1 1 1 4 7
% # Loans 0.11% 0.11% 0.11% 0.44% 0.77%
REO Balance 38 38,
% Balance 0.00% 0.00% 0.00% 0.05% 0.05%
# Loans
% # Loans 0.00% 0.00% 0.00% 0.11% 0.11%
TOTAL Balance 260, 2,274,0 1,297,36 1,689,3 5,520,95
% Balance 0.35% 3.04% 1.73% 2.25% 7.37%
# Loans
% # Loans 0.22% 3.29% 2.19% 3.07% 8.77%
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 4 75 79
Number of Repurchased Loans 0
Total Number of Loans Prepaid in Full 4 75 79
Paid in Full Balance 193,2 4,069,8 4,263,10
Repurchased Loan Balance
Curtailments Amount 73, 248,057.42 321,6
Total Prepayment Amount 266,8 4,317,8 4,584,73
Cumulative
Number of Paid in Full Loans 18 409 427
Number of Repurchased Loans 0 0
Total Number of Loans Prepaid in Full 409 427
Paid in Full Balance 1,152,65 19,484,81 20,637,473
Repurchased Loan Balance
Curtailments Amount 143,476.11 1,581,305.04 1,724,78
Total Prepayment Amount 1,296,13 21,066,12 22,362,254
</TABLE>
<TABLE>
<CAPTION>
Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS RATES ADJUSTABLE FIXED TOTAL
<S> <C> <C> <C> <C> <C> <C>
SMM 0.36% 1.40% 1.20%
3 Months Avg SMM 0.40% 1.17% 1.02%
12 Months Avg SMM
Avg SMM Since Cut-off 0.24% 0.96% 0.82%
CPR 4.18% 15.58% 13.45%
3 Months Avg CPR 4.68% 13.19% 11.58%
12 Months Avg CPR
Avg CPR Since Cut-off 2.89% 10.89% 9.40%
PSA 247.24% 710.24% 642.18%
3 Months Avg PSA Approximation 314.07% 660.61% 610.56%
12 Months Avg PSA Approximation
Avg PSA Since Cut-off Approximation 264.71% 677.49% 623.07%
</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 4 4
Collateral Realized Loss/Gain Amount 56 56,
Net Liquidation Proceeds 22 22,
Cumulative
Number of Loans Liquidated 9 10
Collateral Realized Loss/Gain Amount 10, 146, 157,5
Net Liquidation Proceeds 83, 118, 201,5
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% 0.03% 0.02%
3 Months Avg MDR 0.04% 0.02% 0.03%
12 Months Avg MDR
Avg MDR Since Cut-off 0.02% 0.01% 0.01%
CDR 0.00% 0.31% 0.25%
3 Months Avg CDR 0.49% 0.27% 0.31%
12 Months Avg CDR
Avg CDR Since Cut-off 0.21% 0.15% 0.16%
SDA 0.00% 1.40% 1.18%
3 Months Avg SDA 3.32% 1.34% 1.64%
12 Months Avg SDA
Avg SDA Since Cut-off 1.94% 0.90% 1.05%
Loss Serverity Approximation for Current Period 71.23% 71.23%
3 Months Avg Loss Severity Approximation 11.38 76.69% 68.78%
12 Months Avg Loss Severity Approximation
Avg Loss Severity Approximation Since Cut-off 11.38 57.51% 51.57%
</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 6.747500%
Class A-5 8.900000%
Class A-6 8.300000%
Class A-7 6.877500%
</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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