<PAGE> 1
Chase Bank, Trustee Determination Date: 03-Nov-00
Manufactured Housing Contracts Remittance Date: 07-Nov-00
Senior/Subordinated Pass-Through
Certificates Series 2000 B For the Period Ended: 25-Oct-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 Class I A-4
<S> <C> <C> <C> <C>
(a) Class I A and Class I B Distribution Amounts 3,122,383.77 335,208.33 343,958.33 339,025.04
(b) Formula Principal Distribution Amount
(a) Scheduled Principal Due 506,783.90
(b) Partial Prepayments Received 386,120.78
(c) Principal Payments in Full (Scheduled Balance) 1,873,468.92
(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 2,766,373.60 0.00 0.00 0.00
(c) Interest Distribution 356,010.17 335,208.33 343,958.33 339,025.04
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------- ------------- -------------
Total Interest Distribution 356,010.17 335,208.33 343,958.33 339,025.04
(d) Beginning Class I A and Class I B Principal Balance 68,012,980.38 50,000,000.00 50,000,000.00 47,722,000.00
Less: Principal Distribution 2,766,373.60 0.00 0.00 0.00
------------- ------------- ------------- -------------
Remaining Class A and Class B Principal Balance 65,246,606.78 50,000,000.00 50,000,000.00 47,722,000.00
(e) Fees Due Servicer
Monthly Servicing Fee 284,291.03 (h) Pool Factor
Section 8.06 Reimbursement Amount 0.00 Class I A-1 0.80551366
Section 6.02 Reimbursement Amount 78,574.45 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 362,865.48 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 6.7300% 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
1,805,432.36
(c) Interest Distribution 2,186,651.43
Unpaid Interest Shortfall
Total Interest Distribution
When
(d) Beginning Class I A and Class I B Principal Balance 270,153,017.78
Less: Principal Distribution 2,766,373.60 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% 68,012,980.38 4,577,274
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
272,919,391.38 21,970,340 8.05%
</TABLE>
<PAGE> 2
Chase Bank, Trustee Determination Date: 03-Nov-00
Manufactured Housing Contracts Remittance Date: 07-Nov-00
Senior/Subordinated Pass-Through
Certificates Series 2000 B For the Period Ended: 25-Oct-00
Lock-Out Date: Jun-05
<TABLE>
<CAPTION>
Unpaid Unpaid
No. of Principal Delinquency as 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 342 10,673,158 31-59 Days Delinquent 228 6,820,536
60-89 Days Delinquent 77 2,562,219 60-89 Days Delinquent 70 2,383,773
90+ Days Delinquent 88 3,033,772 90+ Days Delinquent 78 2,704,201
3-Month Avg Thirty-Day Delinquency Ratio 4.24% 3-Month Avg Thirty-Day Delinquency
Ratio 2.85%
3-Month Avg Sixty-Day Delinquency Ratio 1.79% 3-Month Avg Sixty-Day Delinquency
Ratio 1.61%
(g) Section 3.05 Repurchases 0.00
(i) Class R Distribution Amount 0.00 Acquisition Loss Amount
Reposession Profits 0.00
Current Month Acquisition Loss Amount 71,610
(j) Principal Balance of Contracts in Repossession 1,254,705.15 Cumulative Acquisition Loss Amount 81,436
(k) Aggregate Net Liquidation Losses 0.00
(l) (x) Class B-2 Formula Distribution Amount 154,285.46
(y) Remaining Amount Available 535,504.53
------------
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 19 561,613.19
(q) Principal Prepayments paid 2,259,589.70
(r) Scheduled Principal Payments 506,783.90
(s) Weighted Average Interest Rate 11.38%
</TABLE>
<PAGE> 3
Chase Bank, Trustee Determination Date: 03-Nov-00
Manufactured Housing Contracts Remittance Date: 07-Nov-00
Senior/Subordinated Pass-Through
Certificates Series 2000 B For the Period Ended: 25-Oct-00
Lock-Out Date: Jun-05
Computation of Available Distribution Amount
<TABLE>
<S> <C>
(i) Certificate Account Balance at Monthly Cutoff-Vanderbilt 5,064,597.93
Certificate Account Balance at Monthly Cutoff-SubServicer-21st 427,008.13
(ii) Monthly Advance made 0.00
(iii) Section 5.05 Certificate Fund Income-Vanderbilt 20,830.21
(iii) Section 5.05 Certificate Fund Income-SubServicer-21st 1,528.89
(v) Principal due Holders 0.00
Less:
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-Vanderbilt 180,022.39
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-SubServicer-21st 18,052.26
(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 284,291.03
(iv) Reimburseable Liquidation Expenses 78,574.45
(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 362,865.48
Available Distrubution Amount-Vanderbilt 4,542,540.27
Available Distrubution Amount-SubServicer-21st 410,484.76
To Class A and B 4,571,805.96
Monthly Excess Cashflow 381,219.07
Weighted Average Remaining Term (months) 228.00
Scheduled Balance Computation
Prior Month Balance 272,919,391.38
Current Balance 270,277,989.53
Adv Principal 45,287.15
Del Principal 170,258.90
Pool Scheduled Balance 270,153,017.78
Principal Payments in Full 1,873,468.92
Partial Prepayments 386,120.78
Scheduled Principal 506,783.90
Collateral Balance 270,277,989.53
</TABLE>
<PAGE> 4
Chase Bank, Trustee Determination Date: 03-Nov-00
Manufactured Housing Contracts Remittance Date: 07-Nov-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Oct-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 704,472.39 24,933.28 24,260.01 23,135.54
(w) Formula Principal Distribution Amount
(a) Scheduled Principal Due 77,098.35
(b) Partial Prepayments Received 89,007.11
(c) Principal Payments in Full (Scheduled Balance) 307,816.27
(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 473,921.73 0.00 0.00 0.00
(x) Interest Distribution 230,550.66 24,933.28 24,260.01 23,135.54
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------ ------------ -------------
Total Interest Distribution 230,550.66 24,933.28 24,260.01 23,135.54
(y) Beginning Class I A and Class I B Principal Balance 43,084,633.25 4,471,000.00 3,577,000.00 3,279,570.00
Less: Principal Distribution 473,921.73 0.00 0.00 0.00
------------- ------------ ------------ -------------
Remaining Class A and Class B Principal Balance 42,610,711.52 4,471,000.00 3,577,000.00 3,279,570.00
(z) Fees Due Servicer
Monthly Servicing Fee 58,852.79 (ac) Pool Factor Original Balance
Section 8.06 Reimbursement Amount 0.00 Class II A-1 0.88246514 48,286,000.00
Section 6.02 Reimbursement Amount 8,000.00 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 66,852.79
<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 302,879.49
Unpaid Interest Shortfall
Total Interest Distribution When
53,938,281.52
(y) Beginning Class I A and Class I B Principal Balance is less than
Less: Principal Distribution 473,921.73 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% 43,084,633 2,964,223
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 54,412,203 3,894,165 7.16%
</TABLE>
<PAGE> 5
Chase Bank, Trustee Determination Date: 03-Nov-00
Manufactured Housing Contracts Remittance Date: 07-Nov-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Oct-00
Lock-Out Date: Jun-05
<TABLE>
<CAPTION>
Unpaid Unpaid
No. of Principal Delinquency as of No. of Principal
(aa) Delinquency as of the Due Period Contracts Balance Calendar Month End contracts Balance
<S> <C> <C> <C> <C> <C> <C>
31-59 Days Delinquent 30 1,413,084 31-59 Days Delinquent 13 620,989
60-89 Days Delinquent 0 0 60-89 Days Delinquent 0 0
90+ Days Delinquent 7 303,223 90+ Days Delinquent 7 303,223
3-Month Avg Thirty-Day Delinquency Ratio 2.59% 3-Month Avg Thirty-Day
Delinquency Ratio 1.15%
3-Month Avg Sixty-Day Delinquency Ratio 0.69% 3-Month Avg Sixty-Day
Delinquency Ratio 0.78%
(ab) Section 3.05 Repurchases 0.00
(ad) Class R Distribution Amount 477,445.27
Reposession Profits 0.00
(ae) Principal Balance of Contracts in Repossession 44,993.13
(af) Aggregate Net Liquidation Losses 0.00
(ag) (x) Class B-3 Formula Distribution Amount 23,135.54
(y) Remaining Amount Available 96,226.20
-------------
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 1 48,171.15
(al) Principal Prepayments paid 396,823.38
(am) Scheduled Principal Payments 77,098.35
(an) Weighted Average Interest Rate 9.97%
</TABLE>
<PAGE> 6
Chase Bank, Trustee Determination Date: 03-Nov-00
Manufactured Housing Contracts Remittance Date: 07-Nov-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Oct-00
Lock-Out Date: Jun-05
<TABLE>
<CAPTION>
Computation of Available Distribution Amount
<S> <C> <C>
(i) Certificate Account Balance at Monthly Cutoff-Vanderbilt 958,504.70
(ii) Monthly Advance made 0.00
(iii) Section 5.05 Certificate Fund Income-Vanderbilt 3,432.04
(v) Principal due Holders 0.00
Less:
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-Vanderbilt 22,056.53
(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 58,852.79
(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 66,852.79
Available Distrubution Amount 873,027.42
to Class A and B - Scheduled Principal and Interest 776,801.22
Monthly Excess Cashflow Class II 96,226.20
Monthly Excess Cashflow Class I 381,219.07
Accelerated Principal Payment 0.00
Weighted Average Remaining Term (months) 253.00
Scheduled Balance Computation
Prior Month Balance 56,498,678.21
Current Balance 56,038,363.62
Adv Principal 3,377.34
Del Principal 16,984.48
Pool Scheduled Balance 56,024,756.48
Principal Payments in Full 307,816.27
Partial Prepayments 89,007.11
Scheduled Principal 77,098.35
Collateral Balance 56,038,363.62
Overcollateralization Amount 2,086,475
Required Overcollateralization Amount 2,086,475
</TABLE>
