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Previous: MANUFACTURED HOUS CONT SEN SUB PASS THR CERT SERIES 2000B, 8-K, 2000-12-19 |
Next: ACCORD NETWORKS LTD, 425, 2000-12-19 |
<PAGE> 1
Exhibit 20
Chase Bank, Trustee Determination Date: 04-Dec-00
Manufactured Housing Contracts Remittance Date: 07-Dec-00
Senior/Subordinated Pass-Through
Certificates Series 2000 B For the Period Ended: 25-Nov-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 2,958,429.52 335,208.33 343,958.33 339,025.04
(b) Formula Principal Distribution Amount
(a) Scheduled Principal Due 512,573.34
(b) Partial Prepayments Received 516,201.56
(c) Principal Payments in Full (Scheduled Balance) 1,563,729.90
(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 2,592,504.80 0.00 0.00 0.00
(c) Interest Distribution 365,924.72 335,208.33 343,958.33 339,025.04
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------- ------------ -------------
Total Interest Distribution 365,924.72 335,208.33 343,958.33 339,025.04
(d) Beginning Class I A and Class I B Principal Balance 65,246,606.78 50,000,000.00 50,000,000.00 47,722,000.00
Less: Principal Distribution 2,592,504.80 0.00 0.00 0.00
------------- ------------- ------------- -------------
Remaining Class A and Class B Principal Balance 62,654,101.98 50,000,000.00 50,000,000.00 47,722,000.00
(e) Fees Due Servicer
Monthly Servicing Fee 281,409.39 (h) Pool Factor
Section 8.06 Reimbursement Amount 0.00 Class I A-1 0.77350743
Section 6.02 Reimbursement Amount 120,309.75 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 401,719.14 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> <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
1,815,346.91
(c) Interest Distribution 1,993,274.39
Unpaid Interest Shortfall
Total Interest Distribution
When
(d) Beginning Class I A and Class I B Principal Balance 267,560,512.98
Less: Principal Distribution 2,592,504.80 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% 65,246,606.78 4,391,097
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
270,153,017.78 21,784,163 8.06%
</TABLE>
<PAGE> 2
Chase Bank, Trustee Determination Date: 04-Dec-00
Manufactured Housing Contracts Remittance Date: 07-Dec-00
Senior/Subordinated Pass-Through
Certificates Series 2000 B For the Period Ended: 25-Nov-00
Lock-Out Date: Jun-05
<TABLE>
<CAPTION>
Unpaid Unpaid
No. of Principal Delinquency as No. of Principal
(f) Delinquency as of the Due Period Contracts Balance of Calendar Month Contracts Balance
<S> <C> <C> <C> <C> <C>
31-59 Days Delinquent 398 12,158,295 31-59 Days Delinquent 299 9,250,263
60-89 Days Delinquent 83 2,449,408 60-89 Days Delinquent 58 1,764,723
90+ Days Delinquent 102 3,461,465 90+ Days Delinquent 99 3,330,366
3-Month Avg Thirty-Day Delinquency Ratio 4.35% 3-Month Avg Thirty-Day
3-Month Avg Sixty-Day Delinquency Ratio 2.00% Delinquency Ratio 3.00%
3-Month Avg Sixty-Day
(g) Section 3.05 Repurchases 0.00 Delinquency Ratio 1.75%
(i) Class R Distribution Amount 0.00 Acquisition Loss Amount
Reposession Profits 0.00
Current Month Acquisition Loss Amount 136,177
(j) Principal Balance of Contracts in Repossession 1,310,177.91 Cumulative Acquisition Loss Amount 217,613
(k) Aggregate Net Liquidation Losses 0.00
(l) (x) Class B-2 Formula Distribution Amount 154,285.46
(y) Remaining Amount Available 332,212.94
------------
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 18 431,767.41
(q) Principal Prepayments paid 2,079,931.46
(r) Scheduled Principal Payments 512,573.34
(s) Weighted Average Interest Rate 11.37%
</TABLE>
<PAGE> 3
Chase Bank, Trustee Determination Date: 04-Dec-00
Manufactured Housing Contracts Remittance Date: 07-Dec-00
Senior/Subordinated Pass-Through
Certificates Series 2000 B For the Period Ended: 25-Nov-00
Lock-Out Date: Jun-05
<TABLE>
<CAPTION>
Computation of Available Distribution Amount
<S> <C>
(i) Certificate Account Balance at Monthly Cutoff-Vanderbilt 4,891,396.17
Certificate Account Balance at Monthly Cutoff-SubServicer-21st 262,659.86
(ii) Monthly Advance made 0.00
(iii) Section 5.05 Certificate Fund Income-Vanderbilt 20,522.35
(iii) Section 5.05 Certificate Fund Income-SubServicer-21st 1,139.09
(v) Principal due Holders 0.00
Less:
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-Vanderbilt 168,971.55
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-SubServicer-21st 19,247.59
(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 281,409.39
(iv) Reimburseable Liquidation Expenses 120,309.75
(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 401,719.14
Available Distrubution Amount-Vanderbilt 4,341,227.83
Available Distrubution Amount-SubServicer-21st 244,551.36
To Class A and B 4,407,851.71
Monthly Excess Cashflow 177,927.48
Weighted Average Remaining Term (months) 227.00
Scheduled Balance Computation
Prior Month Balance 270,153,017.78
Current Balance 267,710,072.74
Adv Principal 45,766.81
Del Principal 195,326.57
Pool Scheduled Balance 267,560,512.98
Principal Payments in Full 1,563,729.90
Partial Prepayments 516,201.56
Scheduled Principal 512,573.34
Collateral Balance 267,710,072.74
</TABLE>
<PAGE> 4
Chase Bank, Trustee Determination Date: 04-Dec-00
Manufactured Housing Contracts Remittance Date: 07-Dec-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Nov-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 703,827.19 26,714.23 25,992.87 24,788.08
(w) Formula Principal Distribution Amount
(a) Scheduled Principal Due 81,594.61
(b) Partial Prepayments Received 59,366.20
(c) Principal Payments in Full (Scheduled Balance) 318,564.97
(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 459,525.78 0.00 0.00 0.00
(x) Interest Distribution 244,301.41 26,714.23 25,992.87 24,788.08
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------ ------------ ------------
Total Interest Distribution 244,301.41 26,714.23 25,992.87 24,788.08
(y) Beginning Class I A and Class I B Principal Balance 42,610,711.52 4,471,000.00 3,577,000.00 3,279,570.00
Less: Principal Distribution 459,525.78 0.00 0.00 0.00
------------- ------------ ------------ ------------
Remaining Class A and Class B Principal Balance 42,151,185.74 4,471,000.00 3,577,000.00 3,279,570.00
(z) Fees Due Servicer
Monthly Servicing Fee 58,359.12 (ac) Pool Factor Original Balance
Section 8.06 Reimbursement Amount 0.00 Class II A-1 0.87294839 48,286,000.00
Section 6.02 Reimbursement Amount 10,000.00 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 68,359.12
<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 321,796.59
Unpaid Interest Shortfall
Total Interest Distribution When
53,478,755.74
(y) Beginning Class I A and Class I B Principal Balance is less than
Less: Principal Distribution 459,525.78 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% 42,610,712 2,931,617
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 53,938,282 3,861,559 7.16%
</TABLE>
<PAGE> 5
Chase Bank, Trustee Determination Date: 04-Dec-00
Manufactured Housing Contracts Remittance Date: 07-Dec-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Nov-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 ontracts Balance
<S> <C> <C> <C> <C> <C>
31-59 Days Delinquent 39 1,768,745 31-59 Days Delinquent 16 661,089
60-89 Days Delinquent 4 196,658 60-89 Days Delinquent 3 155,302
90+ Days Delinquent 5 215,995 90+ Days Delinquent 5 215,995
3-Month Avg Thirty-Day Delinquency Ratio 2.76% 3-Month Avg Thirty-Day
3-Month Avg Sixty-Day Delinquency Ratio 0.77% Delinquency Ratio 1.16%
3-Month Avg Sixty-Day
(ab) Section 3.05 Repurchases 0.00 Delinquency Ratio 0.70%
(ad) Class R Distribution Amount 233,466.08
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 24,788.08
(y) Remaining Amount Available 55,538.60
----------
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 377,931.17
(am) Scheduled Principal Payments 81,594.61
(an) Weighted Average Interest Rate 9.97%
</TABLE>
<PAGE> 6
Chase Bank, Trustee Determination Date: 04-Dec-00
Manufactured Housing Contracts Remittance Date: 07-Dec-00
Senior/Subordinated Pass-Through
Certificates Series 2000B For the Period Ended: 25-Nov-00
Lock-Out Date: Jun-05
<TABLE>
<CAPTION>
Computation of Available Distribution Amount
<S> <C>
(i) Certificate Account Balance at Monthly Cutoff-Vanderbilt 920,033.88
(ii) Monthly Advance made 0.00
(iii) Section 5.05 Certificate Fund Income-Vanderbilt 3,536.71
(v) Principal due Holders 0.00
Less:
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-Vanderbilt 18,350.50
(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 58,359.12
(iv) Reimburseable Liquidation Expenses 10,000.00
(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 68,359.12
Available Distrubution Amount 836,860.97
To Class A and B - Scheduled Principal and Interest 781,322.37
Monthly Excess Cashflow Class II 55,538.60
Monthly Excess Cashflow Class I 177,927.48
Accelerated Principal Payment 0.00
Weighted Average Remaining Term (months) 252.00
Scheduled Balance Computation
Prior Month Balance 56,024,756.48
Current Balance 55,585,323.70
Adv Principal 3,450.23
Del Principal 23,543.23
Pool Scheduled Balance 55,565,230.70
Principal Payments in Full 318,564.97
Partial Prepayments 59,366.20
Scheduled Principal 81,594.61
Collateral Balance 55,585,323.70
Overcollateralization Amount 2,086,475
Required Overcollateralization Amount 2,086,475
</TABLE>
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