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Previous: MANUFACTURED HOUS CONT SEN SUB PASS THR CERT SERIES 2000B, 8-K, 2000-10-27 |
Next: PINECREST SERVICES INC, 10QSB, 2000-10-27 |
<PAGE> 1
Exhibit 20
Chase Bank, Trustee Determination Date: 04-Oct-00
Manufactured Housing Contracts Remittance Date: 10-Oct-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Sep-00
Lock-Out Date: Jun-05
<TABLE>
<CAPTION>
Information for Clauses (a) through (s), Section 7.01 - GROUP I
Class I A-1 Class I A-2 Class I A-3
<S> <C> <C> <C>
(a) Class I A and Class I B Distribution Amounts 2,991,926.71 335,208.33 343,958.33
(b) Formula Principal Distribution Amount
(a) Scheduled Principal Due 503,617.52
(b) Partial Prepayments Received 326,678.92
(c) Principal Payments in Full (Scheduled Balance) 1,726,274.94
(d) Liquidated Contract Scheduled Balance 0.00
(e) Section 3.05 Purchase Scheduled Balance 0.00
(f) Previously Undistributed Shortfalls in (a) through (e) 0.00
------------- ------------- -------------
Total Principal Distribution 2,556,571.38 0.00 0.00
(c) Interest Distribution 435,355.33 335,208.33 343,958.33
Unpaid Interest Shortfall 0.00 0.00 0.00
------------- ------------- -------------
Total Interest Distribution 435,355.33 335,208.33 343,958.33
(d) Beginning Class I A and Class I B Principal Balance 70,569,551.76 50,000,000.00 50,000,000.00
Less: Principal Distribution 2,556,571.38 0.00 0.00
------------- ------------- -------------
Remaining Class A and Class B Principal Balance 68,012,980.38 50,000,000.00 50,000,000.00
(e) Fees Due Servicer
Monthly Servicing Fee 286,954.13 (h) Pool Factor
Section 8.06 Reimbursement Amount 0.00 Class I A-1 0.83966642
Section 6.02 Reimbursement Amount 17,583.00 Class I A-2 1.00000000
Reimburseable Fees 0.00 Class I A-3 1.00000000
------------- Class I A-4 1.00000000
Total Fees Due Servicer 304,537.13 Class I A-5 1.00000000
Class I M-1 1.00000000
Class I B-1 1.00000000
Class I B-2 1.00000000
<CAPTION>
Information for Clauses (a) through (s), Section 7.01 - GROUP I
Class I A-4 Class I A-5 Class I M-1
<S> <C> <C> <C>
(a) Class I A and Class I B Distribution Amounts 339,025.04 103,817.44 84,967.38
(b) Formula Principal Distribution Amount
(a) Scheduled Principal Due
(b) Partial Prepayments Received
(c) Principal Payments in Full (Scheduled Balance)
(d) Liquidated Contract Scheduled Balance
(e) Section 3.05 Purchase Scheduled Balance
(f) Previously Undistributed Shortfalls in (a) through (e)
------------- ------------- -------------
Total Principal Distribution 0.00 0.00 0.00
(c) Interest Distribution 339,025.04 103,817.44 84,967.38
Unpaid Interest Shortfall 0.00 0.00 0.00
------------- ------------- -------------
Total Interest Distribution 339,025.04 103,817.44 84,967.38
(d) Beginning Class I A and Class I B Principal Balance 47,722,000.00 14,295,000.00 11,437,000.00
Less: Principal Distribution 0.00 0.00 0.00
------------- ------------- -------------
Remaining Class A and Class B Principal Balance 47,722,000.00 14,295,000.00 11,437,000.00
(e) Fees Due Servicer
Monthly Servicing Fee Original Balance Rate
Section 8.06 Reimbursement Amount 81,000,000.00 6.7300%
Section 6.02 Reimbursement Amount 50,000,000.00 8.0450%
Reimburseable Fees 50,000,000.00 8.2550%
47,722,000.00 8.5250%
Total Fees Due Servicer 14,295,000.00 8.7150%
11,437,000.00 8.9150%
11,437,000.00 9.2500%
20,015,411.00 9.2500%
<CAPTION>
Information for Clauses (a) through (s), Section 7.01 - GROUP I
Class I B-1 Class I B-2
<S> <C> <C> <C> <C> <C> <C> <C>
(a) Class I A and Class I B Distribution Amounts 88,160.21 154,285.46
(b) Formula Principal Distribution Amount
(a) Scheduled Principal Due
(b) Partial Prepayments Received
(c) Principal Payments in Full (Scheduled Balance)
(d) Liquidated Contract Scheduled Balance
(e) Section 3.05 Purchase Scheduled Balance
(f) Previously Undistributed Shortfalls in
(a) through (e)
------------- -------------
Total Principal Distribution 0.00 0.00
1,884,777.52
(c) Interest Distribution 88,160.21 154,285.46 2,215,690.79
Unpaid Interest Shortfall 0.00 0.00
------------- -------------
Total Interest Distribution 88,160.21 154,285.46
When
(d) Beginning Class I A and Class I B Principal
Balance 11,437,000.00 20,015,411.00 272,919,391.38
Less: Principal Distribution 0.00 0.00 2,556,571.38 is less than
------------- ------------- 285,906,411.00
Remaining Class A and Class B Principal
Balance 11,437,000.00 20,015,411.00 0.10
28,590,641.10
(e) Fees Due Servicer We can prepay
Monthly Servicing Fee Rate
Section 8.06 Reimbursement Amount 6.6200% Libor Class A-1 6.730% 70,569,551.76 4,749,331
Section 6.02 Reimbursement Amount 0.11% Spread Class A-2 8.045% 50,000,000.00 4,022,500
Reimburseable Fees Class A-3 8.255% 50,000,000.00 4,127,500
Class A-4 8.525% 47,722,000.00 4,068,301
Total Fees Due Servicer Class A-5 8.715% 14,295,000.00 1,245,809
Class A-6 8.915% 11,437,000.00 1,019,609
Class B-1 9.250% 11,437,000.00 1,057,923
Class B-2 9.250% 20,015,411.00 1,851,426
275,475,962.76 22,142,397 8.04%
</TABLE>
<PAGE> 2
Chase Bank, Trustee Determination Date: 04-Oct-00
Manufactured Housing Contracts Remittance Date: 10-Oct-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Sep-00
Lock-Out Date: Jun-05
<TABLE>
<CAPTION>
Delinquency as Unpaid
No. of Unpaid Principal of Calendar No. of Principal
(f) Delinquency as of the Due Period Contracts Balance Month End Contracts Balance
<S> <C> <C> <C> <C> <C>
31-59 Days Delinquent 397 12,469,581 31-59 Days Delinquent 260 8,202,219
60-89 Days Delinquent 80 2,640,993 60-89 Days Delinquent 57 2,070,835
90+ Days Delinquent 67 2,064,221 90+ Days Delinquent 62 1,937,860
3-Month Avg Thirty-Day Delinquency Ratio 4.32% 3-Month Avg Thirty-Day
Delinquency Ratio 3.26%
3-Month Avg Sixty-Day Delinquency Ratio 1.41% 3-Month Avg Sixty-Day
Delinquency Ratio 1.26%
(g) Section 3.05 Repurchases 0.00
(i) Class R Distribution Amount 0.00 Acquisition Loss Amount
Repossession Profits 0.00
Current Month Acquisition
Loss Amount 9,826
(j) Principal Balance of Contracts in Repossession 1,194,629.51 Cumulative Acquisition
Loss Amount 9,826
(k) Aggregate Net Liquidation Losses 0.00
(l) (x) Class B-2 Formula Distribution Amount 154,285.46
(y) Remaining Amount Available 485,198.73
-------------
Amount of (x) over (y) 0.00
(m) Class B-2 Liquidation Loss Amount 0.00
(n) Guarantee Payment 0.00
(o) Unadvanced Shortfalls 0.00
No. $
(p) Units repossessed 28 864,547.35
(q) Principal Prepayments paid 2,052,953.86
(r) Scheduled Principal Payments 503,617.52
(s) Weighted Average Interest Rate 11.38%
</TABLE>
<PAGE> 3
Chase Bank, Trustee Determination Date 04-Oct-00
Manufactured Housing Contracts Remittance Date: 10-Oct-00
Senior/Subordinated Pass-Through
Certificates Series 2000 B For the Period Ended: 25-Sep-00
Lock-Out Date: Jun-05
<TABLE>
<CAPTION>
<S> <C> <C>
Computation of Available Distribution Amount
(i) Certificate Account Balance at Monthly Cutoff-Vanderbilt 4,929,412.07
Certificate Account Balance at Monthly Cutoff-SubServicer-21st 318,467.82
(ii) Monthly Advance made 0.00
(iii) Section 5.05 Certificate Fund Income-Vanderbilt 18,276.85
(iii) Section 5.05 Certificate Fund Income-SubServicer-21st 1,231.24
(v) Principal due Holders 0.00
Less:
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-Vanderbilt 170,758.70
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-SubServicer-21st 19,829.98
(ii) Due to the Servicer Pursuant to Section 6.02:
(i) Section 3.05 Purchases (Due Seller) 0.00
(ii) Reimbursement for taxes from Liquidation Proceeds 0.00
(iii) Monthly Servicing Fee 286,954.13
(iv) Reimburseable Liquidation Expenses 17,583.00
(v) Section 6.04(c) reimbursement 0.00
(vi) Section 8.06 reimbursement 0.00
(vii) Amounts not required to be deposited-SubServicer-21st 0.00
Total Due Servicer 304,537.13
Available Distrubution Amount-Vanderbilt 4,472,393.09
Available Distrubution Amount-SubServicer-21st 299,869.08
To Class A and B 4,441,348.90
Monthly Excess Cashflow 330,913.27
Weighted Average Remaining Term (months) 228.00
Scheduled Balance Computation
Prior Month Balance 275,475,962.76
Current Balance 273,042,235.26
Adv Principal 42,613.14
Del Principal 165,457.02
Pool Scheduled Balance 272,919,391.38
Principal Payments in Full 1,726,274.94
Partial Prepayments 326,678.92
Scheduled Principal 503,617.52
Collateral Balance 273,042,235.26
</TABLE>
<PAGE> 4
Chase Bank, Trustee Determination Date: 04-Oct-00
Manufactured Housing Contracts Remittance Date: 10-Oct-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Sep-00
Lock-Out Date: Jun-05
<TABLE>
<CAPTION>
Information for Clauses (v) through (ap), Section 7.01 - GROUP II
Class II A-1 Class II B-1 Class II B-2 Class II B-3
<S> <C> <C> <C> <C>
(v) Class II A and Class II B Distribution Amounts 825,696.59 29,385.65 28,592.15 27,266.89
(w) Formula Principal Distribution Amount
(a) Scheduled Principal Due 73,588.19
(b) Partial Prepayments Received 9,966.40
(c) Principal Payments in Full (Scheduled Balance) 466,949.73
(d) Liquidated Contract Scheduled Balance 0.00
(e) Section 3.05 Purchase Scheduled Balance 0.00
(f) Previously Undistributed Shortfalls in (a) through (e) 0.00
(g) Accelerated Principal Payment 0.00
------------- ------------ ------------ -------------
Total Principal Distribution 550,504.32 0.00 0.00 0.00
(x) Interest Distribution 275,192.27 29,385.65 28,592.15 27,266.89
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------ ------------ -------------
Total Interest Distribution 275,192.27 29,385.65 28,592.15 27,266.89
(y) Beginning Class I A and Class I B Principal Balance 43,635,137.57 4,471,000.00 3,577,000.00 3,279,570.00
Less: Principal Distribution 550,504.32 0.00 0.00 0.00
------------- ------------ ------------ -------------
Remaining Class A and Class B Principal Balance 43,084,633.25 4,471,000.00 3,577,000.00 3,279,570.00
(z) Fees Due Servicer Original
Monthly Servicing Fee 59,426.23 (ac) Pool Factor Balance
Section 8.06 Reimbursement Amount 0.00 Class II A-1 0.89228002 48,286,000.00
Section 6.02 Reimbursement Amount 6,000.00 Class II B-1 1.00000000 4,471,000.00
Reimburseable Fees 0.00 Class II B-2 1.00000000 3,577,000.00
------------- Class II B-3 1.00000000 3,279,570.00
Total Fees Due Servicer 65,426.23
<CAPTION>
Information for Clauses (v) through (ap), Section 7.01 - GROUP II
<S> <C> <C> <C> <C> <C> <C>
(v) Class II A and Class II B Distribution Amounts
(w) Formula Principal Distribution Amount
(a) Scheduled Principal Due
(b) Partial Prepayments Received
(c) Principal Payments in Full (Scheduled Balance)
(d) Liquidated Contract Scheduled Balance
(e) Section 3.05 Purchase Scheduled Balance
(f) Previously Undistributed Shortfalls in (a) through (e)
(g) Accelerated Principal Payment
Total Principal Distribution
(x) Interest Distribution 360,436.96
Unpaid Interest Shortfall
Total Interest Distribution When
54,412,203.25
(y) Beginning Class I A and Class I B Principal Balance is less than
Less: Principal Distribution 550,504.32 59,613,570.00
X
Remaining Class A and Class B Principal Balance 0.10
5,961,357.00
(z) Fees Due Servicer We can prepaid
Monthly Servicing Fee Rate Libor Spread
Section 8.06 Reimbursement Amount 6.8800% 6.6200% 0.26% 43,635,138 3,002,097
Section 6.02 Reimbursement Amount 7.1700% 0.55% 4,471,000 320,571
Reimburseable Fees 8.7200% 2.10% 3,577,000 311,914
9.0700% 2.45% 3,279,570 297,457
Total Fees Due Servicer ----------------------
54,962,708 3,932,040 7.15%
</TABLE>
<PAGE> 5
Chase Bank, Trustee Determination Date: 04-Oct-00
Manufactured Housing Contracts Remittance Date: 10-Oct-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Sep-00
Lock-Out Date: Jun-05
<TABLE>
<CAPTION>
Unpaid Delinquency as Unpaid
No. of Principal of Calendar No. of Principal
(aa) Delinquency as of the Due Period Contracts Balance Month End Contracts Balance
<S> <C> <C> <C> <C> <C> <C>
31-59 Days Delinquent 33 1,457,868 31-59 Days Delinquent 14 662,220
60-89 Days Delinquent 7 373,866 60-89 Days Delinquent 6 303,331
90+ Days Delinquent 5 205,713 90+ Days Delinquent 5 205,713
3-Month Avg Thirty-Day Delinquency Ratio 2.50% 3-Month Avg Thirty-Day
Delinquency Ratio 1.18%
3-Month Avg Sixty-Day Delinquency Ratio 0.65% 3-Month Avg Sixty-Day
Delinquency Ratio 0.61%
(ab) Section 3.05 Repurchases 0.00
(ad) Class R Distribution Amount 371,112.32
Reposession Profits 0.00
(ae) Principal Balance of Contracts in Repossession 0.00
(af) Aggregate Net Liquidation Losses 0.00
(ag) (x) Class B-3 Formula Distribution Amount 27,266.89
(y) Remaining Amount Available 40,199.05
----------
Amount of (x) over (y) 0.00
(ah) Class B-2 Liquidation Loss Amount 0.00
(ai) Guarantee Payment 0.00
(aj) Unadvanced Shortfalls 0.00
No. $
(ak) Units repossessed 0 0.00
(al) Principal Prepayments paid 476,916.13
(am) Scheduled Principal Payments 73,588.19
(an) Weighted Average Interest Rate 9.97%
</TABLE>
<PAGE> 6
Chase Bank, Trustee Determination Date: 04-Oct-00
Manufactured Housing Contracts Remittance Date: 10-Oct-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Sep-00
Lock-Out Date: Jun-05
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Computation of Available Distribution Amount
(i) Certificate Account Balance at Monthly Cutoff-Vanderbilt 1,033,192.82
(ii) Monthly Advance made 0.00
(iii) Section 5.05 Certificate Fund Income-Vanderbilt 3,413.63
(v) Principal due Holders 0.00
Less:
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-Vanderbilt 20,039.89
(ii) Due to the Servicer Pursuant to Section 6.02:
(i) Section 3.05 Purchases (Due Seller) 0.00
(ii) Reimbursement for taxes from Liquidation Proceeds 0.00
(iii) Monthly Servicing Fee 59,426.23
(iv) Reimburseable Liquidation Expenses 6,000.00
(v) Section 6.04(c) reimbursement 0.00
(vi) Section 8.06 reimbursement 0.00
(vii) Amounts not required to be deposited-SubServicer 0.00
Total Due Servicer 65,426.23
Available Distribution Amount 951,140.33
To Class A and B - Scheduled Principal and Interest 910,941.28
Monthly Excess Cashflow Class II 40,199.05
Monthly Excess Cashflow Class I 330,913.27
Accelerated Principal Payment 0.00
Weighted Average Remaining Term (months) 255.00
Scheduled Balance Computation
Prior Month Balance 57,049,182.53
Current Balance 56,511,289.03
Adv Principal 3,490.63
Del Principal 16,101.45
Pool Scheduled Balance 56,498,678.21
Principal Payments in Full 466,949.73
Partial Prepayments 9,966.40
Scheduled Principal 73,588.19
Collateral Balance 56,511,289.03
Overcollateralization Amount 2,086,475
Required Overcollateralization Amount 2,086,475
</TABLE>
<PAGE> 7
Chase Bank, Trustee Determination Date: 01-Sep-00
Manufactured Housing Contracts Remittance Date: 07-Sep-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Aug-00
Lock-Out Date: Jun-05
<TABLE>
<CAPTION>
Information for Clauses (a) through (s), Section 7.01 - GROUP I
<S> <C> <C> <C> <C>
Class I A-1 Class I A-2 Class I A-3 Class I A-4
(a) Class I A and Class I B Distribution Amounts 3,051,871.70 335,208.33 343,958.33 339,025.04
(b) Formula Principal Distribution Amount
(a) Scheduled Principal Due 515,148.05
(b) Partial Prepayments Received 165,733.02
(c) Principal Payments in Full (Scheduled Balance) 1,946,792.38
(d) Liquidated Contract Scheduled Balance 0.00
(e) Section 3.05 Purchase Scheduled Balance 0.00
(f) Previously Undistributed Shortfalls in (a)
through (e) 0.00
------------- ------------- ------------- -------------
Total Principal Distribution 2,627,673.45 0.00 0.00 0.00
(c) Interest Distribution 424,198.25 335,208.33 343,958.33 339,025.04
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------- ------------- -------------
Total Interest Distribution 424,198.25 335,208.33 343,958.33 339,025.04
(d) Beginning Class I A and Class I B Principal Balance 73,197,225.21 50,000,000.00 50,000,000.00 47,722,000.00
Less: Principal Distribution 2,627,673.45 0.00 0.00 0.00
------------- ------------- ------------- -------------
Remaining Class A and Class B Principal Balance 70,569,551.76 50,000,000.00 50,000,000.00 47,722,000.00
(e) Fees Due Servicer
Monthly Servicing Fee 289,691.29 (h) Pool Factor
Section 8.06 Reimbursement Amount 0.00 Class I A-1 0.87122903
Section 6.02 Reimbursement Amount 74,000.00 Class I A-2 1.00000000
Reimburseable Fees 0.00 Class I A-3 1.00000000
Class I A-4 1.00000000
Total Fees Due Servicer 363,691.29 Class I A-5 1.00000000
Class I M-1 1.00000000
Class I B-1 1.00000000
Class I B-2 1.00000000
<CAPTION>
Information for Clauses (a) through (s), Section 7.01 - GROUP I
<S> <C> <C> <C> <C>
Class I A-5 Class I M-1 Class I B-1 Class I B-2
(a) Class I A and Class I B Distribution Amounts 103,817.44 84,967.38 88,160.21 154,285.46
(b) Formula Principal Distribution Amount
(a) Scheduled Principal Due
(b) Partial Prepayments Received
(c) Principal Payments in Full (Scheduled Balance)
(d) Liquidated Contract Scheduled Balance
(e) Section 3.05 Purchase Scheduled Balance
(f) Previously Undistributed Shortfalls in (a)
through (e)
------------- ------------- ------------- -------------
Total Principal Distribution 0.00 0.00 0.00 0.00
(c) Interest Distribution 103,817.44 84,967.38 88,160.21 154,285.46
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------- ------------- -------------
Total Interest Distribution 103,817.44 84,967.38 88,160.21 154,285.46
(d) Beginning Class I A and Class I B Principal Balance 14,295,000.00 11,437,000.00 11,437,000.00 20,015,411.00
Less: Principal Distribution 0.00 0.00 0.00 0.00
------------- ------------- ------------- -------------
Remaining Class A and Class B Principal Balance 14,295,000.00 11,437,000.00 11,437,000.00 20,015,411.00
(e) Fees Due Servicer
Monthly Servicing Fee Original Balance Rate
Section 8.06 Reimbursement Amount 81,000,000.00 6.7300% 6.6200% Libor
Section 6.02 Reimbursement Amount 50,000,000.00 8.0450% 0.11% Spread
Reimburseable Fees 50,000,000.00 8.2550%
47,722,000.00 8.5250%
Total Fees Due Servicer 14,295,000.00 8.7150%
11,437,000.00 8.9150%
11,437,000.00 9.2500%
20,015,411.00 9.2500%
<CAPTION>
Information for Clauses (a) through (s), Section 7.01 - GROUP I
<S> <C> <C> <C> <C>
(a) Class I A and Class I B Distribution Amounts
(b) Formula Principal Distribution Amount
(a) Scheduled Principal Due
(b) Partial Prepayments Received
(c) Principal Payments in Full (Scheduled Balance)
(d) Liquidated Contract Scheduled Balance
(e) Section 3.05 Purchase Scheduled Balance
(f) Previously Undistributed Shortfalls in (a)
through (e)
Total Principal Distribution
1,873,620.44
(c) Interest Distribution 2,073,449.04
Unpaid Interest Shortfall
Total Interest Distribution
when
(d) Beginning Class I A and Class I B Principal Balance 275,475,962.76
Less: Principal Distribution 2,627,673.45 is less than
285,906,411.00
Remaining Class A and Class B Principal Balance 0.10
28,590,641.10
(e) Fees Due Servicer We can prepay
Monthly Servicing Fee Rate
Section 8.06 Reimbursement Amount Class A-1 6.730% 73,197,225.21 4,926,173
Section 6.02 Reimbursement Amount Class A-2 8.045% 50,000,000.00 4,022,500
Reimburseable Fees Class A-3 8.255% 50,000,000.00 4,127,500
Class A-4 8.525% 47,722,000.00 4,068,301
Total Fees Due Servicer Class A-5 8.715% 14,295,000.00 1,245,809
Class A-6 8.915% 11,437,000.00 1,019,609
Class B-1 9.250% 11,437,000.00 1,057,923
Class B-2 9.250% 20,015,411.00 1,851,426
278,103,636.21 22,319,240 8.03%
</TABLE>
<PAGE> 8
Chase Bank, Trustee Determination Date: 01-Sep-00
Manufactured Housing Contracts Remittance Date: 07-Sep-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Aug-00
Lock-Out Date: Jun-05
<TABLE>
<CAPTION>
Unpaid Delinquency as Unpaid
No. of Principal of Calendar No. of Principal
Contracts Balance Month End Contracts Balance
<S> <C> <C> <C> <C> <C> <C>
(f) Delinquency as of the Due Period 31-59 Days Delinquent 296 9,233,708
60-89 Days Delinquent 78 2,446,842
31-59 Days Delinquent 369 11,529,866 90+ Days Delinquent 41 1,263,354
60-89 Days Delinquent 91 2,727,705
90+ Days Delinquent 51 1,574,583 3-Month Avg Thirty-Day
Delinquency Ratio 2.83%
3-Month Avg Thirty-Day Delinquency Ratio 3.72% 3-Month Avg Sixty-Day
3-Month Avg Sixty-Day Delinquency Ratio 1.10% Delinquency Ratio 0.99%
(g) Section 3.05 Repurchases 0.00
(i) Class R Distribution Amount 0.00
Reposession Profits 0.00 Acquistion Loss Amount
(j) Principal Balance of Contracts in Repossession 455,013.12 Current Month Acquisition Loss Amount 0
Cumulative Acquisition Loss Amount 0
(k) Aggregate Net Liquidation Losses 0.00
(l) (x) Class B-2 Formula Distribution Amount 154,285.46
(y) Remaining Amount Available 354,114.06
------------
Amount of (x) over (y) 0.00
(m) Class B-2 Liquidation Loss Amount 0.00
(n) Guarantee Payment 0.00
(o) Unadvanced Shortfalls 0.00
No. $
(p) Units repossessed 11 277,616.49
(q) Principal Prepayments paid 2,112,525.40
(r) Scheduled Principal Payments 515,148.05
(s) Weighted Average Interest Rate 11.39%
</TABLE>
<PAGE> 9
Chase Bank, Trustee Determination Date: 01-Sep-00
Manufactured Housing Contracts Remittance Date: 07-Sep-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Aug-00
Lock-Out Date: Jun-05
<TABLE>
<S> <C>
Computation of Available Distribution Amount
(i) Certificate Account Balance at Monthly Cutoff-Vanderbilt 4,868,245.98
Certificate Account Balance at Monthly Cutoff-SubServicer-21st 397,533.79
(ii) Monthly Advance made 0.00
(iii) Section 5.05 Certificate Fund Income-Vanderbilt 17,212.76
(iii) Section 5.05 Certificate Fund Income-SubServicer-21st 1,406.75
(iii) Section 5.05 Certificate Fund Income-SubServicer-CC
(v) Principal due Holders 0.00
Less:
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-Vanderbilt 203,369.15
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-SubServicer-21st 16,216.35
(ii) Due to the Servicer Pursuant to Section 6.02:
(i) Section 3.05 Purchases (Due Seller) 0.00
(ii) Reimbursement for taxes from Liquidation Proceeds 0.00
(iii) Monthly Servicing Fee 289,691.29
(iv) Reimburseable Liquidation Expenses 74,000.00
(v) Section 6.04 (c) reimbursement 0.00
(vi) Section 8.06 reimbursement 0.00
(vii) Amounts not required to be deposited-SubServicer-21st 0.00
Total Due Servicer 363,691.29
Available Distrubution Amount-Vanderbilt 4,318,398.30
Available Distrubution Amount-SubServicer-21st 382,724.19
To Class A and B 4,501,293.89
Monthly Excess Cashflow 199,828.60
Weighted Average Remaining Term (months) 229.00
Scheduled Balance Computation
Prior Month Balance 278,103,636.21
Current Balance 275,579,084.79
Adv Principal 46,146.59
Del Principal 149,268.62
Pool Scheduled Balance 275,475,962.76
Principal Payments in Full 1,946,792.38
Partial Prepayments 165,733.02
Scheduled Principal 515,148.05
Collateral Balance 275,579,084.79
</TABLE>
<PAGE> 10
Chase Bank, Trustee Determination Date: 01-Sep-00
Manufactured Housing Contracts Remittance Date: 07-Sep-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Aug-00
Lock-Out Date: Jun-05
<TABLE>
<CAPTION>
Information for Clauses (v) through (ap), Section 7.01 - GROUP II
Class II A-1 Class II B-1 Class II B-2
<S> <C> <C> <C>
(v) Class II A and Class II B Distribution Amounts 839,548.48 27,604.70 26,859.30
(w) Formula Principal Distribution Amount
(a) Scheduled Principal Due 89,014.99
(b) Partial Prepayments Received 14,920.04
(c) Principal Payments in Full (Scheduled Balance) 473,677.47
(d) Liquidated Contract Scheduled Balance 0.00
(e) Section 3.05 Purchase Scheduled Balance 0.00
(f) Previously Undistributed Shortfalls in (a) through (e) 0.00
(g) Accelerated Principal Payment 0.00
------------- ------------ ------------
Total Principal Distribution 577,612.50 0.00 0.00
(x) Interest Distribution 261,935.98 27,604.70 26,859.30
Unpaid Interest Shortfall 0.00 0.00 0.00
------------- ------------ ------------
Total Interest Distribution 261,935.98 27,604.70 26,859.30
(y) Beginning Class I A and Class I B Principal Balance 44,212,750.07 4,471,000.00 3,577,000.00
Less: Principal Distribution 577,612.50 0.00 0.00
------------- ------------ ------------
Remaining Class A and Class B Principal Balance 43,635,137.57 4,471,000.00 3,577,000.00
(z) Fees Due Servicer
Monthly Servicing Fee 60,027.91 (ac) Pool Factor
Section 8.06 Reimbursement Amount 0.00 Class II A-1 0.90368093
Section 6.02 Reimbursement Amount 8,000.00 Class II B-1 1.00000000
Reimburseable Fees 0.00 Class II B-2 1.00000000
Class II B-3 1.00000000
-------------
Total Fees Due Servicer 68,027.91
<CAPTION>
Information for Clauses (v) through (ap), Section 7.01 - GROUP II
Class II B-3
<S> <C> <C> <C>
(v) Class II A and Class II B Distribution Amounts 25,614.35
(w) Formula Principal Distribution Amount
(a) Scheduled Principal Due
(b) Partial Prepayments Received
(c) Principal Payments in Full (Scheduled Balance)
(d) Liquidated Contract Scheduled Balance
(e) Section 3.05 Purchase Scheduled Balance
(f) Previously Undistributed Shortfalls in (a) through (e)
(g) Accelerated Principal Payment
------------
Total Principal Distribution 0.00
(x) Interest Distribution 25,614.35 342,014.33
Unpaid Interest Shortfall 0.00
------------
Total Interest Distribution 25,614.35
(y) Beginning Class I A and Class I B Principal Balance 3,279,570.00
Less: Principal Distribution 0.00 577,612.50
------------
Remaining Class A and Class B Principal Balance 3,279,570.00
(z) Fees Due Servicer
Monthly Servicing Fee Original Balance Rate Libor
Section 8.06 Reimbursement Amount 48,286,000.00 6.8800% 6.6200%
Section 6.02 Reimbursement Amount 4,471,000.00 7.1700%
Reimburseable Fees 3,577,000.00 8.7200%
3,279,570.00 9.0700%
Total Fees Due Servicer
<CAPTION>
Information for Clauses (v) through (ap), Section 7.01 - GROUP II
<S> <C> <C> <C> <C>
(v) Class II A and Class II B Distribution Amounts
(w) Formula Principal Distribution Amount
(a) Scheduled Principal Due
(b) Partial Prepayments Received
(c) Principal Payments in Full (Scheduled Balance)
(d) Liquidated Contract Scheduled Balance
(e) Section 3.05 Purchase Scheduled Balance
(f) Previously Undistributed Shortfalls in (a) through (e)
(g) Accelerated Principal Payment
Total Principal Distribution
(x) Interest Distribution
Unpaid Interest Shortfall
Total Interest Distribution When
54,962,707.57
(y) Beginning Class I A and Class I B Principal Balance is less than
Less: Principal Distribution 59,613,570.00
X
Remaining Class A and Class B Principal Balance 0.10
5,961,357.00
(z) Fees Due Servicer We can prepaid
Monthly Servicing Fee Spread
Section 8.06 Reimbursement Amount 0.26% 44,212,750 3,041,837
Section 6.02 Reimbursement Amount 0.55% 4,471,000 320,571
Reimburseable Fees 2.10% 3,577,000 311,914
2.45% 3,279,570 297,457
-----------------------
Total Fees Due Servicer 55,540,320 3,971,779 7.15%
</TABLE>
<PAGE> 11
Chase Bank, Trustee Determination Date: 01-Sep-00
Manufactured Housing Contracts Remittance Date: 07-Sep-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Aug-00
Lock-Out Date: Jun-05
<TABLE>
<CAPTION>
Unpaid Delinquency as Unpaid
No. of Principal of Calendar No. of Principal
(aa) Delinquency as of the Due Period Contracts Balance Month End Contracts Balance
<S> <C> <C> <C> <C> <C>
31-59 Days Delinquent 32 1,517,796 31-59 Days Delinquent 17 845,786
60-89 Days Delinquent 6 176,332 60-89 Days Delinquent 6 176,332
90+ Days Delinquent 2 115,047 90+ Days Delinquent 2 115,047
3-Month Avg Thirty-Day Delinquency Ratio 2.03% 3-Month Avg Thirty-Day
3-Month Avg Sixty-Day Delinquency Ratio 0.35% Delinquency Ratio 0.89%
3-Month Avg Sixty-Day
(ab) Section 3.05 Repurchases 0.00 Delinquency Ratio 0.36%
(ad) Class R Distribution Amount 251,806.55
Reposession Profits 0.00
(ae) Principal Balance of Contracts in Repossession 0.00
(af) Aggregate Net Liquidation Losses 0.00
(ag) (x) Class B-3 Formula Distribution Amount 25,614.35
(y) Remaining Amount Available 51,977.95
-----------
Amount of (x) over (y) 0.00
(ah) Class B-2 Liquidation Loss Amount 0.00
(ai) Guarantee Payment 0.00
(aj) Unadvanced Shortfalls 0.00
$
(ak) Units repossessed 0.00
(al) Principal Prepayments paid 488,597.51
(am) Scheduled Principal Payments 89,014.99
(an) Weighted Average Interest Rate 9.98%
</TABLE>
<PAGE> 12
Chase Bank, Trustee Determination Date: 01-Sep-00
Manufactured Housing Contracts Remittance Date: 07-Sep-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Aug-00
Lock-Out Date: Jun-05
<TABLE>
<CAPTION>
Computation of Available Distribution Amount
<S> <C> <C>
(i) Certificate Account Balance at Monthly Cutoff-Vanderbilt 1,059,184.22
(ii) Monthly Advance made 0.00
(iii) Section 5.05 Certificate Fund Income-Vanderbilt 3,641.34
(v) Principal due Holders 0.00
Less:
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-Vanderbilt 23,192.87
(ii) Due to the Servicer Pursuant to Section 6.02:
(i) Section 3.05 Purchases (Due Seller) 0.00
(ii) Reimbursement for taxes from Liquidation Proceeds 0.00
(iii) Monthly Servicing Fee 60,027.91
(iv) Reimburseable Liquidation Expenses 8,000.00
(v) Section 6.04 (c) reimbursement 0.00
(vi) Section 8.06 reimbursement 0.00
(vii) Amounts not required to be deposited-SubServicer 0.00
Total Due Servicer 68,027.91
Available Distrubution Amount 971,604.78
To Class A and B - Scheduled Principal and Interest 919,626.83
Monthly Excess Cashflow Class II 51,977.95
Monthly Excess Cashflow Class I 199,828.60
Accelerated Principal Payment 0.00
Weighted Average Remaining Term (months) 255.00
Scheduled Balance Computation
Prior Month Balance 57,626,795.03
Current Balance 57,062,177.91
Adv Principal 3,668.40
Del Principal 16,663.78
Pool Scheduled Balance 57,049,182.53
Principal Payments in Full 473,677.47
Partial Prepayments 14,920.04
Scheduled Principal 89,014.99
Collateral Balance 57,062,177.91
Overcollateralization Amount 2,086,475
Required Overcollateralization Amount 2,086,475
</TABLE>
<PAGE> 13
Chase Bank, Trustee Determination Date: 02-Aug-00
Manufactured Housing Contracts Remittance Date: 07-Aug-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Jul-00
Lock-Out Date: Jun-04
<TABLE>
<CAPTION>
Information for Clauses (a) through (s), Section 7.01 - GROUP I
Class I A-1 Class I A-2 Class I A-3
<S> <C> <C> <C>
(a) Class I A and Class I B Distribution Amounts 2,467,213.46 335,208.33 343,958.33
(b) Formula Principal Distribution Amount
(a) Scheduled Principal Due 500,389.40
(b) Partial Prepayments Received 63,798.50
(c) Principal Payments in Full (Scheduled Balance) 1,466,411.62
(d) Liquidated Contract Scheduled Balance 0.00
(e) Section 3.05 Purchase Scheduled Balance 0.00
(f) Previously Undistributed Shortfalls in (a) through (e) 0.00
------------- ------------- -------------
Total Principal Distribution 2,030,599.52 0.00 0.00
(c) Interest Distribution 436,613.94 335,208.33 343,958.33
Unpaid Interest Shortfall 0.00 0.00 0.00
------------- ------------- -------------
Total Interest Distribution 436,613.94 335,208.33 343,958.33
(d) Beginning Class I A and Class I B Principal Balance 75,227,824.73 50,000,000.00 50,000,000.00
Less: Principal Distribution 2,030,599.52 0.00 0.00
------------- ------------- -------------
Remaining Class A and Class B Principal Balance 73,197,225.21 50,000,000.00 50,000,000.00
(e) Fees Due Servicer
Monthly Servicing Fee 291,806.50 (h) Pool Factor
Section 8.06 Reimbursement Amount 0.00 Class I A-1 0.90366945
Section 6.02 Reimbursement Amount 18,000.00 Class I A-2 1.00000000
Reimburseable Fees 0.00 Class I A-3 1.00000000
Class I A-4 1.00000000
------------- Class I A-5 1.00000000
Total Fees Due Servicer 309,806.50 Class I M-1 1.00000000
Class I B-1 1.00000000
Class I B-2 1.00000000
<CAPTION>
Information for Clauses (a) through (s), Section 7.01 - GROUP I
Class I A-4 Class I A-5 Class I M-1
<S> <C> <C> <C>
(a) Class I A and Class I B Distribution Amounts 339,025.04 103,817.44 84,967.38
(b) Formula Principal Distribution Amount
(a) Scheduled Principal Due
(b) Partial Prepayments Received
(c) Principal Payments in Full (Scheduled Balance)
(d) Liquidated Contract Scheduled Balance
(e) Section 3.05 Purchase Scheduled Balance
(f) Previously Undistributed Shortfalls in (a) through (e)
------------- ------------- -------------
Total Principal Distribution 0.00 0.00 0.00
(c) Interest Distribution 339,025.04 103,817.44 84,967.38
Unpaid Interest Shortfall 0.00 0.00 0.00
------------- ------------- -------------
Total Interest Distribution 339,025.04 103,817.44 84,967.38
(d) Beginning Class I A and Class I B Principal Balance 47,722,000.00 14,295,000.00 11,437,000.00
Less: Principal Distribution 0.00 0.00 0.00
------------- ------------- -------------
Remaining Class A and Class B Principal Balance 47,722,000.00 14,295,000.00 11,437,000.00
(e) Fees Due Servicer
Monthly Servicing Fee Original Balance Rate
Section 8.06 Reimbursement Amount 81,000,000.00 6.7400%
Section 6.02 Reimbursement Amount 50,000,000.00 8.0450%
Reimburseable Fees 50,000,000.00 8.2550%
47,722,000.00 8.5250%
Total Fees Due Servicer 14,295,000.00 8.7150%
11,437,000.00 8.9150%
11,437,000.00 9.2500%
20,015,411.00 9.2500%
<CAPTION>
Information for Clauses (a) through (s), Section 7.01 - GROUP I
Class I B-1 Class I B-2
<S> <C> <C>
(a) Class I A and Class I B Distribution Amounts 88,160.21 154,285.46
(b) Formula Principal Distribution Amount
(a) Scheduled Principal Due
(b) Partial Prepayments Received
(c) Principal Payments in Full (Scheduled Balance)
(d) Liquidated Contract Scheduled Balance
(e) Section 3.05 Purchase Scheduled Balance
(f) Previously Undistributed Shortfalls in (a) through (e)
------------- -------------
Total Principal Distribution 0.00 0.00
1,886,036.13
(c) Interest Distribution 88,160.21 154,285.46 2,089,125.69
Unpaid Interest Shortfall 0.00 0.00
------------- -------------
Total Interest Distribution 88,160.21 154,285.46
(d) Beginning Class I A and Class I B Principal Balance 11,437,000.00 20,015,411.00
Less: Principal Distribution 0.00 0.00 2,030,599.52
------------- -------------
Remaining Class A and Class B Principal Balance 11,437,000.00 20,015,411.00
(e) Fees Due Servicer
Monthly Servicing Fee
Section 8.06 Reimbursement Amount 6.6300% Libor Class A-1
Section 6.02 Reimbursement Amount 0.11% Spread Class A-2
Reimburseable Fees Class A-3
Class A-4
Total Fees Due Servicer Class A-5
Class A-6
Class B-1
Class B-2
<CAPTION>
Information for Clauses (a) through (s), Section 7.01 - GROUP I
<S> <C> <C> <C>
(a) Class I A and Class I B Distribution Amounts
(b) Formula Principal Distribution Amount
(a) Scheduled Principal Due
(b) Partial Prepayments Received
(c) Principal Payments in Full (Scheduled Balance)
(d) Liquidated Contract Scheduled Balance
(e) Section 3.05 Purchase Scheduled Balance
(f) Previously Undistributed Shortfalls in (a) through (e)
Total Principal Distribution
(c) Interest Distribution
Unpaid Interest Shortfall
Total Interest Distribution
When
(d) Beginning Class I A and Class I B Principal Balance 278,103,636.21
Less: Principal Distribution is less than
285,906,411.00
Remaining Class A and Class B Principal Balance 0.10
28,590,641.10
(e) Fees Due Servicer We can prepay
Monthly Servicing Fee Rate
Section 8.06 Reimbursement Amount 6.740% 75,227,824.73 5,070,355
Section 6.02 Reimbursement Amount 8.045% 50,000,000.00 4,022,500
Reimburseable Fees 8.255% 50,000,000.00 4,127,500
8.525% 47,722,000.00 4,068,301
Total Fees Due Servicer 8.715% 14,295,000.00 1,245,809
8.915% 11,437,000.00 1,019,609
9.250% 11,437,000.00 1,057,923
9.250% 20,015,411.00 1,851,426
280,134,235.73 22,463,422 8.02%
</TABLE>
<PAGE> 14
Chase Bank, Trustee Determination Date: 02-Aug-00
Manufactured Housing Contracts Remittance Date: 07-Aug-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Jul-00
Lock-Out Date: Jun-04
<TABLE>
<CAPTION>
Unpaid Delinquency as Unpaid
No. of Principal of Calendar No. of Principal
(f) Delinquency as of the Due Period Contracts Balance Month End Contracts Balance
<S> <C> <C> <C> <C> <C>
31-59 Days Delinquent 384 11,737,471 31-59 Days Delinquent 313 9,493,242
60-89 Days Delinquent 54 1,647,006 60-89 Days Delinquent 56 1,691,751
90+ Days Delinquent 32 1,015,805 90+ Days Delinquent 32 1,007,413
3-Month Avg Thirty-Day Delinquency Ratio 3.18% 3-Month Avg Thirty-Day
3-Month Avg Sixty-Day Delinquency Ratio 0.74% Delinquency Ratio 2.61
3-Month Avg Sixty-Day
Delinquency Ratio 0.72
(g) Section 3.05 Repurchases 0.00
(i) Class R Distribution Amount 0.00
Reposession Profits 0.00
Acquistion Loss Amount
(j) Principal Balance of Contracts in Repossession 257,096.68
Current Month Acquisition Loss Amount 0
(k) Aggregate Net Liquidation Losses 0.00 Cumulative Acquisition Loss Amount 0
(l) (x) Class B-2 Formula Distribution Amount 154,285.46
(y) Remaining Amount Available 357,375.02
-------------
Amount of (x) over (y) 0.00
(m) Class B-2 Liquidation Loss Amount 0.00
(n) Guarantee Payment 0.00
(o) Unadvanced Shortfalls 0.00
No. $
(p) Units repossessed 6 152,554.46
(q) Principal Prepayments paid 1,530,210.12
(r) Scheduled Principal Payments 500,389.40
(s) Weighted Average Interest Rate 11.39%
</TABLE>
<PAGE> 15
Chase Bank, Trustee Determination Date: 02-Aug-00
Manufactured Housing Contracts Remittance Date: 07-Aug-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Jul-00
Lock-Out Date: Jun-04
<TABLE>
<CAPTION>
Computation of Available Distribution Amount
<S> <C> <C>
(i) Certificate Account Balance at Monthly Cutoff-Vanderbilt 4,324,932.49
Certificate Account Balance at Monthly Cutoff- 287,208.77
SubServicer-21st 287,208.77
(ii) Monthly Advance made 0.00
(iii) Section 5.05 Certificate Fund Income-Vanderbilt 17,622.88
(iii) Section 5.05 Certificate Fund Income-SubServicer-21st 1,329.62
(iii) Section 5.05 Certificate Fund Income-SubServicer-CC
(v) Principal due Holders 0.00
Less:
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-Vanderbilt 197,894.21
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-SubServicer-21st 3,667.84
(ii) Due to the Servicer Pursuant to Section 6.02:
(i) Section 3.05 Purchases (Due Seller) 0.00
(ii) Reimbursement for taxes from Liquidation Proceeds 0.00
(iii) Monthly Servicing Fee 291,806.50
(iv) Reimburseable Liquidation Expenses 18,000.00
(v) Section 6.04 (c) reimbursement 0.00
(vi) Section 8.06 reimbursement 0.00
(vii) Amounts not required to be deposited-
SubServicer-21st 0.00
Total Due Servicer 309,806.50
Available Distrubution Amount-Vanderbilt 3,834,854.66
Available Distrubution Amount-SubServicer-21st 284,870.55
To Class A and B 3,916,635.65
Monthly Excess Cashflow 203,089.56
Weighted Average Remaining Term (months) 230.00
Scheduled Balance Computation
Prior Month Balance 280,134,235.73
Current Balance 278,201,843.97
Adv Principal 38,542.46
Del Principal 136,750.22
Pool Scheduled Balance 278,103,636.21
Principal Payments in Full 1,466,411.62
Partial Prepayments 63,798.50
Scheduled Principal 500,389.40
Collateral Balance 278,201,843.97
</TABLE>
<PAGE> 16
Chase Bank, Trustee Determination Date: 02-Aug-00
Manufactured Housing Contracts Remittance Date: 07-Aug-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Jul-00
Lock-Out Date: Jun-04
<TABLE>
<CAPTION>
Information for Clauses (v) through (ap), Section 7.01 - GROUP II
Class II A-1 Class II B-1 Class II B-2
<S> <C> <C> <C>
(v) Class II A and Class II B Distribution Amounts 954,036.26 27,643.20 26,890.10
(w) Formula Principal Distribution Amount
(a) Scheduled Principal Due 65,885.20
(b) Partial Prepayments Received 99,546.59
(c) Principal Payments in Full (Scheduled Balance) 367,248.52
(d) Liquidated Contract Scheduled Balance 0.00
(e) Section 3.05 Purchase Scheduled Balance 0.00
(f) Previously Undistributed Shortfalls in (a) through (e) 0.00
(g) Accelerated Principal Payment 154,959.44
------------- ------------ ------------
Total Principal Distribution 687,639.75 0.00 0.00
(x) Interest Distribution 266,396.51 27,643.20 26,890.10
Unpaid Interest Shortfall 0.00 0.00 0.00
------------- ------------ ------------
Total Interest Distribution 266,396.51 27,643.20 26,890.10
(y) Beginning Class I A and Class I B Principal Balance 44,900,389.82 4,471,000.00 3,577,000.00
Less: Principal Distribution 687,639.75 0.00 0.00
------------- ------------ ------------
Remaining Class A and Class B Principal Balance 44,212,750.07 4,471,000.00 3,577,000.00
(z) Fees Due Servicer
Monthly Servicing Fee 0.00 (ac) Pool Factor
Section 8.06 Reimbursement Amount 0.00 Class II A-1 0.91564325
Section 6.02 Reimbursement Amount 0.00 Class II B-1 1.00000000
Reimburseable Fees 0.00 Class II B-2 1.00000000
------------- Class II B-3 1.00000000
Total Fees Due Servicer 0.00
<CAPTION>
Information for Clauses (v) through (ap), Section 7.01 - GROUP II
Class II B-3
<S> <C> <C> <C> <C> <C> <C> <C>
(v) Class II A and Class II B Distribution Amounts 25,642.59
(w) Formula Principal Distribution Amount
(a) Scheduled Principal Due
(b) Partial Prepayments Received
(c) Principal Payments in Full (Scheduled Balance)
(d) Liquidated Contract Scheduled Balance
(e) Section 3.05 Purchase Scheduled Balance
(f) Previously Undistributed Shortfalls in (a)
through (e)
(g) Accelerated Principal Payment
-------------
Total Principal Distribution 0.00
(x) Interest Distribution 25,642.59 346,572.40
Unpaid Interest Shortfall 0.00
-------------
Total Interest Distribution 25,642.59 When
55,540,320.07
(y) Beginning Class I A and Class I B Principal
Balance 3,279,570.00 is less than
Less: Principal Distribution 0.00 687,639.75 59,613,570.00
------------- X
Remaining Class A and Class B Principal Balance 3,279,570.00 0.10
5,961,357.00
(z) Fees Due Servicer Original We can prepaid
Monthly Servicing Fee Balance Rate Libor Spread
Section 8.06 Reimbursement Amount 48,286,000.00 6.8900% 6.6300% 0.26% 44,900,390 3,093,637
Section 6.02 Reimbursement Amount 4,471,000.00 7.1800% 0.55% 4,471,000 321,018
Reimburseable Fees 3,577,000.00 8.7300% 2.10% 3,577,000 312,272
3,279,570.00 9.0800% 2.45% 3,279,570 297,785
Total Fees Due Servicer ---------------------
56,227,960 4,024,712 7.16%
</TABLE>
<PAGE> 17
Chase Bank, Trustee Determination Date: 02-Aug-00
Manufactured Housing Contracts Remittance Date: 07-Aug-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Jul-00
Lock-Out Date: Jun-04
<TABLE>
<CAPTION>
Unpaid Delinquency as Unpaid
No. of Principal of Calendar No. of Principal
(aa) Delinquency as of the Due Period Contracts Balance Month End Contracts Balance
<S> <C> <C> <C> <C> <C>
31-59 Days Delinquent 31 1,296,619 31-59 Days Delinquent 13 511,370
60-89 Days Delinquent 4 190,497 60-89 Days Delinquent 3 158,917
90+ Days Delinquent 1 51,638 90+ Days Delinquent 2 83,217
3-Month Avg Thirty-Day Delinquency Ratio 1.40% 3-Month Avg Thirty-Day
Delinquency Ratio 0.59%
3-Month Avg Sixty-Day Delinquency Ratio 0.18% 3-Month Avg Sixty-Day
Delinquency Ratio 0.19%
(ab) Section 3.05 Repurchases 0.00
(ad) Class R Distribution Amount 48,489.12
Reposession Profits 0.00
(ae) Principal Balance of Contracts in
Repossession 0.00
(af) Aggregate Net Liquidation Losses 0.00
(ag) (x) Class B-3 Formula Distribution Amount 25,642.59
(y) Remaining Amount Available 359.00
-----------
Amount of (x) over (y) 25,283.59
(ah) Class B-2 Liquidation Loss Amount 0.00
(ai) Guarantee Payment 0.00
(aj) Unadvanced Shortfalls $ 0.00
No.
(ak) Units repossessed 0 0.00
(al) Principal Prepayments paid 466,795.11
(am) Scheduled Principal Payments 65,885.20
(an) Weighted Average Interest Rate 9.98%
</TABLE>
<PAGE> 18
Chase Bank, Trustee Determination Date: 02-Aug-00
Manufactured Housing Contracts Remittance Date: 07-Aug-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Jul-00
Lock-Out Date: Jun-04
<TABLE>
<CAPTION>
Computation of Available Distribution Amount
<S> <C> <C>
(i) Certificate Account Balance at Monthly Cutoff-Vanderbilt 876,022.95
(ii) Monthly Advance made 0.00
(iii) Section 5.05 Certificate Fund Income-Vanderbilt 3,588.76
(v) Principal due Holders 0.00
Less:
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-Vanderbilt 0.00
(ii) Due to the Servicer Pursuant to Section 6.02:
(i) Section 3.05 Purchases (Due Seller) 0.00
(ii) Reimbursement for taxes from Liquidation Proceeds 0.00
(iii) Monthly Servicing Fee 0.00
(iv) Reimburseable Liquidation Expenses 0.00
(v) Section 6.04(c) reimbursement 0.00
(vi) Section 8.06 reimbursement 0.00
(vii) Amounts not required to be deposited-SubServicer 0.00
Total Due Servicer 0.00
Available Distrubution Amount 879,611.71
To Class A and B - Scheduled Principal and Interest 879,252.71
Monthly Excess Cashflow Class II 359.00
Monthly Excess Cashflow Class I 203,089.56
Accelerated Principal Payment 154,959.44
Weighted Average Remaining Term (months) 256.00
Scheduled Balance Computation
Prior Month Balance 58,159,475.34
Current Balance 57,629,627.12
Adv Principal 0.00
Del Principal 2,832.09
Pool Scheduled Balance 57,626,795.03
Principal Payments in Full 367,248.52
Partial Prepayments 99,546.59
Scheduled Principal 65,885.20
Collateral Balance 57,629,627.12
Overcollateralization Amount 2,086,475
Required Overcollateralization Amount 2,086,475
</TABLE>
<PAGE> 19
Chase Bank, Trustee Determination Date 03-Jul-00
Manufactured Housing Contracts Remittance Date: 07-Jul-00
Senior/Subordinated Pass-Through
Certificates Series 2000 B For the Period End: 25-Jun-00
Lock-Out Date: Jun-04
<TABLE>
<CAPTION>
Information for Clauses (a) through (s), Section 7.01- GROUP I
Class I A-1 Class I A-2 Class I A-3 Class I A-4
<S> <C> <C> <C> <C>
(a) Class I A and Class I B Distribution Amounts 2,961,568.24 335,208.33 343,958.33 339,025.04
(b) Formula Principal Distribution Amount
(a) Scheduled Principal Due 518,998.15
(b) Partial Prepayments Received 256,282.32
(c) Principal Payments in Full (Scheduled Balance) 1,750,060.12
(d) Liquidated Contract Scheduled Balance 0.00
(e) Section 3.05 Purchase Scheduled Balance 0.00
(f) Previously Undistributed Shortfalls in (a) through (e) 0.00
------------- ------------- ------------- -------------
Total Principal Distribution 2,525,340.59 0.00 0.00 0.00
(c) Interest Distribution 436,227.65 335,208.33 343,958.33 339,025.04
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------- ------------- -------------
Total Interest Distribution 436,227.65 335,208.33 343,958.33 339,025.04
(d) Beginning Class I A and Class I B Principal Balance 77,753,165.32 50,000,000.00 50,000,000.00 47,722,000.00
Less: Principal Distribution 2,525,340.59 0.00 0.00 0.00
------------- ------------- ------------- -------------
Remaining Class A and Class B Principal Balance 75,227,824.73 50,000,000.00 50,000,000.00 47,722,000.00
(e) Fees Due Servicer
Monthly Servicing Fee 0.00 (h) Pool Factor
Section 8.06 Reimbursement Amount 0.00 Class I A-1 0.92873858
Section 6.02 Reimbursement Amount 0.00 Class I A-2 1.00000000
Reimburseable Fees 0.00 Class I A-3 1.00000000
------------- Class I A-4 1.00000000
Total Fees Due Servicer 0.00 Class I A-5 1.00000000
Class I M-1 1.00000000
Class I B-1 1.00000000
Class I B-2 1.00000000
<CAPTION>
Information for Clauses (a) through (s), Section 7.01- GROUP I
Class I A-5 Class I M-1 Class I B-1 Class I B-2
<S> <C> <C> <C> <C>
(a) Class I A and Class I B Distribution Amounts 103,817.44 84,967.38 88,160.21 154,285.46
(b) Formula Principal Distribution Amount
(a) Scheduled Principal Due
(b) Partial Prepayments Received
(c) Principal Payments in Full (Scheduled Balance)
(d) Liquidated Contract Scheduled Balance
(e) Section 3.05 Purchase Scheduled Balance
(f) Previously Undistributed Shortfalls in (a) through (e)
------------- ------------- ------------- -------------
Total Principal Distribution 0.00 0.00 0.00 0.00
(c) Interest Distribution 103,817.44 84,967.38 88,160.21 154,285.46
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------- ------------- -------------
Total Interest Distribution 103,817.44 84,967.38 88,160.21 154,285.46
(d) Beginning Class I A and Class I B Principal Balance 14,295,000.00 11,437,000.00 11,437,000.00 20,015,411.00
Less: Principal Distribution 0.00 0.00 0.00 0.00
------------- ------------- ------------- -------------
Remaining Class A and Class B Principal Balance 14,295,000.00 11,437,000.00 11,437,000.00 20,015,411.00
(e) Fees Due Servicer
Monthly Servicing Fee Original Balance Rate
Section 8.06 Reimbursement Amount 81,000,000.00 6.7325% 6.6225% Libor
Section 6.02 Reimbursement Amount 50,000,000.00 8.0450% 0.11% Spread
Reimburseable Fees 50,000,000.00 8.2550%
47,722,000.00 8.5250%
Total Fees Due Servicer 14,295,000.00 8.7150%
11,437,000.00 8.9150%
11,437,000.00 9.2500%
20,015,411.00 9.2500%
<CAPTION>
Information for Clauses (a) through (s), Section 7.01- GROUP I
<S> <C> <C> <C> <C> <C>
(a) Class I A and Class I B Distribution Amounts
(b) Formula Principal Distribution Amount
(a) Scheduled Principal Due
(b) Partial Prepayments Received
(c) Principal Payments in Full (Scheduled Balance)
(d) Liquidated Contract Scheduled Balance
(e) Section 3.05 Purchase Scheduled Balance
(f) Previously Undistributed Shortfalls in (a) through (e)
Total Principal Distribution
1,885,649.84
(c) Interest Distribution 2,693,483.92
Unpaid Interest Shortfall
Total Interest Distribution
When
(d) Beginning Class I A and Class I B Principal Balance 280,134,235.73
Less: Principal Distribution 2,525,340.59 is less than
285,906,411.00
Remaining Class A and Class B Principal Balance 0.10
28,590,641.10
(e) Fees Due Servicer We can prepay
Monthly Servicing Fee Rate
Section 8.06 Reimbursement Amount Class A-1 6.733% 77,753,165.32 5,234,732
Section 6.02 Reimbursement Amount Class A-2 8.045% 50,000,000.00 4,022,500
Reimburseable Fees Class A-3 8.255% 50,000,000.00 4,127,500
Class A-4 8.525% 47,722,000.00 4,068,301
Total Fees Due Servicer Class A-5 8.715% 14,295,000.00 1,245,809
Class A-6 8.915% 11,437,000.00 1,019,609
Class B-1 9.250% 11,437,000.00 1,057,923
Class B-2 9.250% 20,015,411.00 1,851,426
282,659,576.32 22,627,798 8.01%
</TABLE>
<PAGE> 20
Chase Bank, Trustee Determination Date: 03-Jul-00
Manufactured Housing Contracts Remittance Date: 07-Jul-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Jun-00
Lock-Out Date: Jun-04
<TABLE>
<CAPTION>
Unpaid Delinquency as Unpaid
No. of Principal of Calendar No. of Principal
(f) Delinquency as of the Due Period Contracts Balance Month End Contracts Balance
<S> <C> <C> <C> <C> <C>
31-59 Days Delinquent 256 7,679,103 31-59 Days Delinquent 161 4,857,276
60-89 Days Delinquent 55 1,785,396 60-89 Days Delinquent 41 1,264,768
90+ Days Delinquent 13 431,076 90+ Days Delinquent 17 563,630
3-Month Avg Thirty-Day Delinnaency Ratio na 3-Month Avg Thirty-Day
Delinquency Ratio na
3-Month Avg Sixty-Day Delinqnancy Ratio na 3-Month Avg Sixty-Day
Delinquency Ratio na
(g) Section 3.05 Repurchases 0.00
(i) Class R Distribution Amount 0.00 Acquistion Loss Amount
Reposession Profits 0.00
Current Month Acquisition
Loss Amount 0
(j) Principal Balance of Contracts in Repossession 183,049.04 Cumulative Acquisition
Loss Amount 0
(k) Aggregate Net Liquidation Losses 0.00
(l) (x) Class B-2 Formula Distribution Amount 154,285.46
(y) Remaining Amount Available 962,119.54
-------------
Amount of (x) over (y) 0.00
(m) Class B-2 Liquidation Loss Amount 0.00
(n) Guarantee Payment 0.00
(o) Unadvanced Shortfalls 0.00
No. $
(p) Units repossessed 4 76,174.30
(q) Principal Prepayments paid 2,006,342.44
(r) Scheduled Principal Payments 518,998.15
(s) Weighted Average Interest Rate 11.40%
</TABLE>
<PAGE> 21
Chase Bank, Trustee Determination Date 03-Jul-00
Manufactured Housing Contracts Remittance Date: 07-Jul-00
Senior/Subordinated Pass-Through
Certificates Series 2000 B For the Period End: 25-Jun-00
Lock-Out Date: Jun-04
<TABLE>
<CAPTION>
<S> <C> <C>
Computation of Available Distribution Amount
(i) Certificate Account Balance at Monthly Cutoff-Vanderbilt 4,944,805.60
Certificate Account Balance at Monthly Cutoff-SubServicer-21st 438,713.45
(ii) Monthly Advance made 0.00
(iii) Section 5.05 Certificate Fund Income-Vanderbilt 8,502.61
(iii) Section 5.05 Certificate Fund Income-SubServicer-21st 1,047.23
(iii) Section 5.05 Certificate Fund Income-SubServicer-CC
(v) Principal due Holders 0.00
Less:
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-Vanderbilt 168,434.39
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-SubServicer-21st 5,809.99
(ii) Due to the Servicer Pursuant to Section 6.02:
(i) Section 3.05 Purchases (Due Seller) 0.00
(ii) Reimbursement for taxes from Liquidation Proceeds 0.00
(iii) Monthly Servicing Fee 0.00
(iv) Reimburseable Liquidation Expenses 0.00
(v) Section 6.04(c) reimbursement 0.00
(vi) Section 8.06 reimbursement 0.00
(vii) Amounts not required to be deposited-SubServicer-21st 0.00
Total Due Servicer 0.00
Available Distrubution Amount-Vanderbilt 4,784,873.82
Available Distrubution Amount-SubServicer-21st 433,950.69
To Class A and B 4,410,990.43
Monthly Excess Cashflow 807,834.08
Weighted Average Remaining Term (months) 231.00
Scheduled Balance Computation
Prior Month Balance 282,659,576.32
Current Balance 280,210,369.43
Adv Principal 33,635.96
Del Principal 109,769.66
Pool Scheduled Balance 280,134,235.73
Principal Payments in Full 1,750,060.12
Partial Prepayments 256,282.32
Scheduled Principal 518,998.15
Collateral Balance 280,210,369.43
</TABLE>
<PAGE> 22
Chase Bank, Trustee Determination Date: 03-Jul-00
Manufactured Housing Contracts Remittance Date: 07-Jul-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Jun-00
Lock-Out Date: Jun-04
<TABLE>
<CAPTION>
Information for Clauses (v) through (ap), Section 7.01 - GROUP II
Class II A-1 Class II B-1 Class II B-2 Class II B-3
<S> <C> <C> <C> <C>
(v) Class II A and Class II B Distribution Amounts 2,112,805.21 26,723.54 26,000.32 24,794.92
(w) Formula Principal Distribution Amount
(a) Scheduled Principal Due 78,014.43
(b) Partial Prepayments Received 144,529.55
(c) Principal Payments in Full (Scheduled Balance) 560,804.37
(d) Liquidated Contract Scheduled Balance 0.00
(e) Section 3.05 Purchase Scheduled Balance 0.00
(f) Previously Undistributed Shortfalls in (a) through (e) 0.00
(g) Accelerated Principal Payment 1,061,354.28
------------- ------------ ------------ -------------
Total Principal Distribution 1,844,702.63 0.00 0.00 0.00
(x) Interest Distribution 268,102.58 26,723.54 26,000.32 24,794.92
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------ ------------ -------------
Total Interest Distribution 268,102.58 26,723.54 26,000.32 24,794.92
(y) Beginning Class I A and Class I B Principal Balance 46,745,092.45 4,471,000.00 3,577,000.00 3,279,570.00
Less: Principal Distribution 1,844,702.63 0.00 0.00 0.00
------------- ------------ ------------ -------------
Remaining Class A and Class B Principal Balance 44,900,389.82 4,471,000.00 3,577,000.00 3,279,570.00
(z) Fees Due Servicer Original
Monthly Servicing Fee 0.00 (ac) Pool Factor Balance
Section 8.06 Reimbursement Amount 0.00 Class II A-1 0.92988423 48,286,000.00
Section 6.02 Reimbursement Amount 0.00 Class II B-1 1.00000000 4,471,000.00
Reimburseable Fees 0.00 Class II B-2 1.00000000 3,577,000.00
------------- Class II B-3 1.00000000 3,279,570.00
Total Fees Due Servicer 0.00
<CAPTION>
Information for Clauses (v) through (ap), Section 7.01 - GROUP II
<S> <C> <C> <C> <C> <C> <C>
(v) Class II A and Class II B Distribution Amounts
(w) Formula Principal Distribution Amount
(a) Scheduled Principal Due
(b) Partial Prepayments Received
(c) Principal Payments in Full (Scheduled Balance)
(d) Liquidated Contract Scheduled Balance
(e) Section 3.05 Purchase Scheduled Balance
(f) Previously Undistributed Shortfalls in (a) through (e)
(g) Accelerated Principal Payment
Total Principal Distribution
(x) Interest Distribution 345,621.36
Unpaid Interest Shortfall
Total Interest Distribution When
56,227,959.82
(y) Beginning Class I A and Class I B Principal Balance is less than
Less: Principal Distribution 1,844,702.63 59,613,570.00
X
Remaining Class A and Class B Principal Balance 0.10
5,961,357.00
(z) Fees Due Servicer We can prepaid
Monthly Servicing Fee Rate Libor Spread
Section 8.06 Reimbursement Amount 6.8825% 6.6225% 0.26% 46,745,092 3,217,231
Section 6.02 Reimbursement Amount 7.1725% 0.55% 4,471,000 320,682
Reimburseable Fees 8.7225% 2.10% 3,577,000 312,004
9.0725% 2.45% 3,279,570 297,539
Total Fees Due Servicer ----------------------
58,072,662 4,147,456 7.14%
</TABLE>
<PAGE> 23
Chase Bank, Trustee Determination Date: 03-Jul-00
Manufactured Housing Contracts Remittance Date: 07-Jul-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Jun-00
Lock-Out Date: Jun-04
<TABLE>
<CAPTION>
Unpaid Delinquency as Unpaid
No. of Principal of Calendar No. of Principal
(aa) Delinquency as of the Due Period Contracts Balance Month End Contracts Balance
<S> <C> <C> <C> <C> <C>
31-59 Days Delinquent 14 677,766 31-59 Days Delinquent 4 177,933
60-89 Days Delinquent 2 76,511 60-89 Days Delinquent 2 83,217
90+ Days Delinquent 0 0 90+ Days Delinquent 0 0
3-Month Avg Thirty-Day Delinquency Ratio na 3-Month Avg Thirty-Day
Delinquency Ratio na
3-Month Avg Sixty-Day Delinquency Ratio na 3-Month Avg Sixty-Day
Delinquency Ratio na
(ab) Section 3.05 Repurchases 0.00
(ad) Class R Distribution Amount 0.00
Reposession Profits 0.00
(ae) Principal Balance of Contracts in Repossession 0.00
(af) Aggregate Net Liquidation Losses 0.00
(ag) (x) Class B-3 Formula Distribution Amount 24,794.92
(y) Remaining Amount Available 253,520.20
-----------
Amount of (x) over (y) 0.00
(ah) Class B-2 Liquidation Loss Amount 0.00
(ai) Guarantee Payment 0.00
(aj) Unadvanced Shortfalls 0.00
No. $
(ak) Units repossessed 0 0.00
(al) Principal Prepayments paid 705,333.92
(am) Scheduled Principal Payments 78,014.43
(an) Weighted Average Interest Rate 10.00%
</TABLE>
<PAGE> 24
Chase Bank, Trustee Determination Date: 03-Jul-00
Manufactured Housing Contracts Remittance Date: 07-Jul-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Jun-00
Lock-Out Date: Jun-04
<TABLE>
<CAPTION>
Computation of Available Distribution Amount
<S> <C> <C>
(i) Certificate Account Balance at Monthly Cutoff-Vanderbilt 1,399,118.39
(ii) Monthly Advance made 0.00
(iii) Section 5.05 Certificate Fund Income-Vanderbilt 2,739.74
(v) Principal due Holders 0.00
Less:
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-Vanderbilt 19,368.22
(ii) Due to the Servicer Pursuant to Section 6.02:
(i) Section 3.05 Purchases (Due Seller) 0.00
(ii) Reimbursement for taxes from Liquidation Proceeds 0.00
(iii) Monthly Servicing Fee 0.00
(iv) Reimburseable Liquidation Expenses 0.00
(v) Section 6.04 (c) reimbursement 0.00
(vi) Section 8.06 reimbursement 0.00
(vii) Amounts not required to be deposited-SubServicer 0.00
Total Due Servicer 0.00
Available Distrubution Amount 1,382,489.91
To Class A and B - Scheduled Principal and Interest 1,128,969.71
Monthly Excess Cashflow Class II 253,520.20
Monthly Excess Cashflow Class I 807,834.08
Accelerated Principal Payment 1,061,354.28
Weighted Average Remaining Term (months) 258.00
Scheduled Balance Computation
Prior Month Balance 58,942,823.69
Current Balance 58,165,666.22
Adv Principal 3,315.82
Del Principal 9,506.70
Pool Scheduled Balance 58,159,475.34
Principal Payments in Full 560,804.37
Partial Prepayments 144,529.55
Scheduled Principal 78,014.43
Collateral Balance 58,165,666.22
Overcollateralization Amount 1,931,516
Required Overcollateralization Amount 2,086,475
</TABLE>
<PAGE> 25
Chase Bank, Trustee Determination Date: 02-Jun-00
Manufactured Housing Contracts Remittance Date: 07-Jun-00
Senior/Subordinated Pass-Through For the Period Ended: 25-May-00
Certificates Series 2000 B Lock-Out Date: Jun-04
<TABLE>
<CAPTION>
Information for Clauses (a) through (s), Section 7.01 - GROUP I
Class I A-1 Class I A-2 Class I A-3 Class I A-4
<S> <C> <C> <C> <C>
(a) Class I A and Class I B Distribution Amounts 3,352,753.43 335,208.33 343,958.33 339,025.04
(b) Formula Principal Distribution Amount
(a) Scheduled Principal Due 510,905.05
(b) Partial Prepayments Received 360,254.53
(c) Principal Payments in Full (Scheduled Balance) 2,375,675.10
(d) Liquidated Contract Scheduled Balance 0.00
(e) Section 3.05 Purchase Scheduled Balance 0.00
(f) Previously Undistributed Shortfalls in (a) through (e) 0.00
------------- ------------- ------------- -------------
Total Principal Distribution 3,246,834.68 0.00 0.00 0.00
(c) Interest Distribution 105,918.75 335,208.33 343,958.33 339,025.04
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------- ------------- -------------
Total Interest Distribution 105,918.75 335,208.33 343,958.33 339,025.04
(d) Beginning Class I A and Class I B Principal Balance 81,000,000.00 50,000,000.00 50,000,000.00 47,722,000.00
Less: Principal Distribution 3,246,834.68 0.00 0.00 0.00
------------- ------------- ------------- -------------
Remaining Class A and Class B Principal Balance 77,753,165.32 50,000,000.00 50,000,000.00 47,722,000.00
(e) Fees Due Servicer
Monthly Servicing Fee 0.00 (h) Pool Factor
Section 8.06 Reimbursement Amount 0.00 Class I A-1 0.95991562
Section 6.02 Reimbursement Amount 0.00 Class I A-2 1.00000000
Reimburseable Fees 0.00 Class I A-3 1.00000000
------------- Class I A-4 1.00000000
Total Fees Due Servicer 0.00 Class I A-5 1.00000000
Class I M-1 1.00000000
Class I B-1 1.00000000
Class I B-2 1.00000000
<CAPTION>
Information for Clauses (a) through (s), Section 7.01 - GROUP I
Class I A-5 Class I M-1 Class I B-1 Class I B-2
<S> <C> <C> <C> <C>
(a) Class I A and Class I B Distribution Amounts 103,817.44 84,967.38 88,160.21 154,285.46
(b) Formula Principal Distribution Amount
(a) Scheduled Principal Due
(b) Partial Prepayments Received
(c) Principal Payments in Full (Scheduled Balance)
(d) Liquidated Contract Scheduled Balance
(e) Section 3.05 Purchase Scheduled Balance
(f) Previously Undistributed Shortfalls in (a) through (e)
------------- ------------- ------------- -------------
Total Principal Distribution 0.00 0.00 0.00 0.00
(c) Interest Distribution 103,817.44 84,967.38 88,160.21 154,285.46
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------- ------------- -------------
Total Interest Distribution 103,817.44 84,967.38 88,160.21 154,285.46
(d) Beginning Class I A and Class I B Principal Balance 14,295,000.00 11,437,000.00 11,437,000.00 20,015,411.00
Less: Principal Distribution 0.00 0.00 0.00 0.00
------------- ------------- ------------- -------------
Remaining Class A and Class B Principal Balance 14,295,000.00 11,437,000.00 11,437,000.00 20,015,411.00
(e) Fees Due Servicer
Monthly Servicing Fee Original Balance Rate
Section 8.06 Reimbursement Amount 81,000,000.00 6.7250% 6.6150% Libor
Section 6.02 Reimbursement Amount 50,000,000.00 8.0450% 0.11% Spread
Reimburseable Fees 50,000,000.00 8.2550%
47,722,000.00 8.5250%
Total Fees Due Servicer 14,295,000.00 8.7150%
11,437,000.00 8.9150%
11,437,000.00 9.2500%
20,015,411.00 9.2500%
<CAPTION>
Information for Clauses (a) through (s), Section 7.01 - GROUP I
<S> <C> <C> <C> <C>
(a) Class I A and Class I B Distribution Amounts
(b) Formula Principal Distribution Amount
(a) Scheduled Principal Due
(b) Partial Prepayments Received
(c) Principal Payments in Full (Scheduled Balance)
(d) Liquidated Contract Scheduled Balance
(e) Section 3.05 Purchase Scheduled Balance
(f) Previously Undistributed Shortfalls in (a) through (e)
Total Principal Distribution
1,555,340.94
(c) Interest Distribution 2,165,879.30
Unpaid Interest Shortfall
Total Interest Distribution
When
(d) Beginning Class I A and Class I B Principal Balance 282,659,576.32
Less: Principal Distribution 3,246,834.68 is less than
285,906,411.00
Remaining Class A and Class B Principal Balance 0.10
28,590,641.10
(e) Fees Due Servicer We can prepay
Monthly Servicing Fee Rate
Section 8.06 Reimbursement Amount Class A-1 6.725% 81,000,000.00 5,447,250
Section 6.02 Reimbursement Amount Class A-2 8.045% 50,000,000.00 4,022,500
Reimburseable Fees Class A-3 8.255% 50,000,000.00 4,127,500
Class A-4 8.525% 47,722,000.00 4,068,301
Total Fees Due Servicer Class A-5 8.715% 14,295,000.00 1,245,809
Class A-6 8.915% 11,437,000.00 1,019,609
Class B-1 9.250% 11,437,000.00 1,057,923
Class B-2 9.250% 20,015,411.00 1,851,426
285,906,411.00 22,840,316 7.99%
</TABLE>
<PAGE> 26
Chase Bank, Trustee Determination Date: 02-Jun-00
Manufactured Housing Contracts Remittance Date: 07-Jun-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-May-00
Lock-Out Date: Jun-04
<TABLE>
<CAPTION>
Unpaid Delinquency as Unpaid
No. of Principal of Calendar No. of Principal
(f) Delinquency as of the 25th Contracts Balance Month End Contracts Balance
<S> <C> <C> <C> <C> <C>
31-59 Days Delinquent 232 7,307,273 31-59 Days Delinquent 225 6,974,290
60-89 Days Delinquent 42 1,336,493 60-89 Days Delinquent 45 1,424,220
90+ Days Delinquent 0 0 90+ Days Delinquent 0 0
3-Month Avg Thirty-Day Delinquency Ratio na 3-Month Avg Thirty-Day
3-Month Avg Sixty-Day Delinquency Ratio na Delinquency Ratio na
3-Month Avg Sixty-Day
(g) Section 3.05 Repurchases 0.00 Delinquency Ratio na
(i) Class R Distribution Amount 0.00
Reposession Profits 0.00
(j) Principal Balance of Contracts in Repossession 208,313.82
(k) Aggregate Net Liquidation Losses 0.00
(l) (x) Class B-2 Formula Distribution Amount 154,285.46
(y) Remaining Amount Available 764,823.82
------------
Amount of (x) over (y) 0.00
(m) Class B-2 Liquidation Loss Amount 0.00
(n) Guarantee Payment 0.00
(o) Unadvanced Shortfalls 0.00
No. $
(p) Units repossessed 0 0.00
(q) Principal Prepayments paid 2,735,929.63
(r) Scheduled Principal Payments 510,905.05
(s) Weighted Average Interest Rate 11.40%
</TABLE>
<PAGE> 27
Chase Bank, Trustee Determination Date: 02-Jun-00
Manufactured Housing Contracts Remittance Date: 07-Jun-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-May-00
Lock-Out Date: Jun-04
<TABLE>
<CAPTION>
Computation of Available Distribution Amount
<S> <C>
(i) Certificate Account Balance at Monthly Cutoff-Vanderbilt 5,152,676.31
Certificate Account Balance at Monthly Cutoff-SubServicer-21st 483,740.30
Certificate Account Balance at Monthly Cutoff-SubServicer-CC
(ii) Monthly Advance made 0.00
(iii) Section 5.05 Certificate Fund Income-Vanderbilt 0.00
(iii) Section 5.05 Certificate Fund Income-SubServicer-21st 0.00
(iii) Section 5.05 Certificate Fund Income-SubServicer-CC
(v) Principal due Holders 0.00
Less:
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-Vanderbilt 204,203.04
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-SubServicer-21st 19,499.59
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-SubServicer-CC
(ii) Due to the Servicer Pursuant to Section 6.02:
(i) Section 3.05 Purchases (Due Seller) 0.00
(ii) Reimbursement for taxes from Liquidation Proceeds 0.00
(iii) Monthly Servicing Fee 0.00
(iv) Reimburseable Liquidation Expenses 0.00
(v) Section 6.04(c) reimbursement 0.00
(vi) Section 8.06 reimbursement 0.00
(vii) Amounts not required to be deposited-SubServicer-21st 0.00
Total Due Servicer 0.00
Available Distrubution Amount-Vanderbilt 4,948,473.27
Available Distrubution Amount-SubServicer-21st 464,240.71
Available Distrubution Amount-SubServicer-CC 0.00
To Class A and B 4,802,175.62
Monthly Excess Cashflow 610,538.36
Weighted Average Remaining Term (months) 232.00
Scheduled Balance Computation
Prior Month Balance 285,906,411.00
Current Balance 282,706,406.72
Adv Principal 41,983.02
Del Principal 88,813.42
Pool Scheduled Balance 282,659,576.32
Principal Payments in Full 2,375,675.10
Partial Prepayments 360,254.53
Scheduled Principal 510,905.05
Collateral Balance 282,706,406.72
</TABLE>
<PAGE> 28
Chase Bank, Trustee Determination Date: 02-Jun-00
Manufactured Housing Contracts Remittance Date: 07-Jun-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-May-00
Lock-Out Date: Jun-04
<TABLE>
<CAPTION>
Information for Clauses (v) through (ap), Section 7.01 - GROUP II
Class II A-1 Class II B-1 Class II B-2 Class II B-3
<S> <C> <C> <C> <C>
(v) Class II A and Class II B Distribution Amounts 1,605,456.54 6,228.97 6,061.52 5,780.70
(w) Formula Principal Distribution Amount
(a) Scheduled Principal Due 70,517.10
(b) Partial Prepayments Received 44,456.90
(c) Principal Payments in Full (Scheduled Balance) 555,772.31
(d) Liquidated Contract Scheduled Balance 0.00
(e) Section 3.05 Purchase Scheduled Balance 0.00
(f) Previously Undistributed Shortfalls in (a) through (e) 0.00
(g) Accelerated Principal Payment 870,161.24
------------- ------------ ------------ ------------
Total Principal Distribution 1,540,907.55 0.00 0.00 0.00
(x) Interest Distribution 64,548.99 6,228.97 6,061.52 5,780.70
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------ ------------ ------------
Total Interest Distribution 64,548.99 6,228.97 6,061.52 5,780.70
(y) Beginning Class I A and Class I B Principal Balance 48,286,000.00 4,471,000.00 3,577,000.00 3,279,570.00
Less: Principal Distribution 1,540,907.55 0.00 0.00 0.00
------------- ------------ ------------ ------------
Remaining Class A and Class B Principal Balance 46,745,092.45 4,471,000.00 3,577,000.00 3,279,570.00
(z) Fees Due Servicer
Monthly Servicing Fee 0.00 (ac) Pool Factor Original Balance
Section 8.06 Reimbursement Amount 0.00 Class II A-1 0.96808790 48,286,000.00
Section 6.02 Reimbursement Amount 0.00 Class II B-1 1.00000000 4,471,000.00
Reimburseable Fees 0.00 Class II B-2 1.00000000 3,577,000.00
Class II B-3 1.00000000 3,279,570.00
------------
Total Fees Due Servicer 0.00
<CAPTION>
Information for Clauses (v) through (ap), Section 7.01 - GROUP II
<S> <C> <C> <C> <C> <C> <C>
(v) Class II A and Class II B Distribution Amounts
(w) Formula Principal Distribution Amount
(a) Scheduled Principal Due
(b) Partial Prepayments Received
(c) Principal Payments in Full (Scheduled Balance)
(d) Liquidated Contract Scheduled Balance
(e) Section 3.05 Purchase Scheduled Balance
(f) Previously Undistributed Shortfalls in (a) through (e)
(g) Accelerated Principal Payment
Total Principal Distribution
(x) Interest Distribution 82,620.18
Unpaid Interest Shortfall
Total Interest Distribution When
58,072,662.45
(y) Beginning Class I A and Class I B Principal Balance is less than
Less: Principal Distribution 1,540,907.55 59,613,570.00
X
Remaining Class A and Class B Principal Balance 0.10
5,961,357.00
(z) Fees Due Servicer We can prepaid
Monthly Servicing Fee Rate Libor Spread
Section 8.06 Reimbursement Amount 6.8750% 6.6150% 0.26% 48,286,000 3,319,663
Section 6.02 Reimbursement Amount 7.1650% 0.55% 4,471,000 320,347
Reimburseable Fees 8.7150% 2.10% 3,577,000 311,736
9.0650% 2.45% 3,279,570 297,293
------------------------
Total Fees Due Servicer 59,613,570 4,249,038 7.13%
</TABLE>
<PAGE> 29
Chase Bank, Trustee Determination Date: 02-Jun-00
Manufactured Housing Contracts Remittance Date: 07-Jun-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-May-00
Lock-Out Date: Jun-04
<TABLE>
<CAPTION>
Unpaid Delinquency as Unpaid
No. of Principal of Calendar No. of Principal
(aa) Delinquency as of the 25th Contracts Balance Month End Contracts Balance
<S> <C> <C> <C> <C> <C>
31-59 Days Delinquent 9 460,792 31-59 Days Delinquent 7 328,309
60-89 Days Delinquent 0 0 60-89 Days Delinquent 0 0
90+ Days Delinquent 0 0 90+ Days Delinquent 0 0
3-Month Avg Thirty-Day Delinquency Ratio na 3-Month Avg Thirty-Day na
3-Month Avg Sixty-Day Delinquency Ratio na Delinquency Ratio na
3-Month Avg Sixty-Day
(ab) Section 3.05 Repurchases 0.00 Delinquency Ratio
(ad) Class R Distribution Amount 0.00
Reposession Profits 0.00
(ae) Principal Balance of Contracts in Repossession 0.00
(af) Aggregate Net Liquidation Losses 0.00
(ag) (x) Class B-3 Formula Distribution Amount 5,780.70
(y) Remaining Amount Available 259,622.88
------------
Amount of (x) over (y) 0.00
(ah) Class B-2 Liquidation Loss Amount 0.00
(ai) Guarantee Payment 0.00
(aj) Unadvanced Shortfalls 0.00
No. $
(ak) Units repossessed 0 0.00
(al) Principal Prepayments paid 600,229.21
(am) Scheduled Principal Payments 70,517.10
(an) Weighted Average Interest Rate 10.00%
</TABLE>
<PAGE> 30
Chase Bank, Trustee Determination Date: 02-Jun-00
Manufactured Housing Contracts Remittance Date: 07-Jun-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-May-00
Lock-Out Date: Jun-04
<TABLE>
<CAPTION>
Computation of Available Distribution Amount
<S> <C>
(i) Certificate Account Balance at Monthly Cutoff-Vanderbilt 1,038,935.72
(ii) Monthly Advance made 0.00
(iii) Section 5.05 Certificate Fund Income-Vanderbilt 0.00
(v) Principal due Holders 0.00
Less:
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-Vanderbilt 25,946.35
(ii) Due to the Servicer Pursuant to Section 6.02:
(i) Section 3.05 Purchases (Due Seller) 0.00
(ii) Reimbursement for taxes from Liquidation Proceeds 0.00
(iii) Monthly Servicing Fee 0.00
(iv) Reimburseable Liquidation Expenses 0.00
(v) Section 6.04(c) reimbursement 0.00
(vi) Section 8.06 reimbursement 0.00
(vii) Amounts not required to be deposited-SubServicer 0.00
Total Due Servicer 0.00
Available Distrubution Amount 1,012,989.37
To Class A and B - Scheduled Principal and Interest 753,366.49
Monthly Excess Cashflow Class II 259,622.88
Monthly Excess Cashflow Class I 610,538.36
Accelerated Principal Payment 870,161.24
Weighted Average Remaining Term (months) 260.00
Scheduled Balance Computation
Prior Month Balance 59,613,570.00
Current Balance 58,945,646.12
Adv Principal 3,494.14
Del Principal 6,316.57
Pool Scheduled Balance 58,942,823.69
Principal Payments in Full 555,772.31
Partial Prepayments 44,456.90
Scheduled Principal 70,517.10
Collateral Balance 58,945,646.12
Overcollateralization Amount 870,161
Required Overcollateralization Amount 2,086,475
</TABLE>
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