<TABLE>
<CAPTION>
Amortizing Residential Collateral Mortgage Trus
Mortgage Pass-Through Certificates
Record Date: 07/31/2000
Distribution Date: 08/25/2000
ARC Series: 2000-BC2
Contact: Customer Service - CTSLink
Wells Fargo Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
A1 3133TP2U2 SEN 6.76000% 1,651,243,394.7 9,612,071.27 24,380,624.62
A2 863572P72 SEN 6.86000% 216,517,592.71 1,279,017.54 3,578,140.85
M1 863572P80 SEQ 7.17000% 72,299,000.00 446,386.08 0.00
M2 863572P98 SEQ 7.52000% 56,807,000.00 367,856.88 0.00
B 863572Q22 SUB 8.47000% 15,493,000.00 112,999.92 0.00
P ARC00BC2P SEN 0.00000% 0.00 590,941.23 0.00
X ARC00BC2X OC 0.00000% 753.88 2,945,375.74 0.00
RI ARC0BC2RI SEN 0.00000% 0.00 0.00 0.00
Totals 2,012,360,741.3 15,354,648.66 27,958,765.47
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
A1 0.00 1,626,862,770.15 33,992,695.89 0.00
A2 0.00 212,939,451.86 4,857,158.39 0.00
M1 0.00 72,299,000.00 446,386.08 0.00
M2 0.00 56,807,000.00 367,856.88 0.00
B 0.00 15,493,000.00 112,999.92 0.00
P 0.00 0.00 590,941.23 0.00
X 0.00 753.88 2,945,375.74 0.00
RI 0.00 0.00 0.00 0.00
Totals 0.00 1,984,401,975.89 43,313,414.13 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<S> <C> <C> <C> <C> <C> <C>
A1 1,698,228,000.0 1,651,243,394.77 1,047,040.30 23,333,584.32 0.00 0.00
A2 222,867,000.00 216,517,592.71 128,577.75 3,449,563.10 0.00 0.00
M1 72,299,000.00 72,299,000.00 0.00 0.00 0.00 0.00
M2 56,807,000.00 56,807,000.00 0.00 0.00 0.00 0.00
B 15,493,000.00 15,493,000.00 0.00 0.00 0.00 0.00
P 0.00 0.00 0.00 0.00 0.00 0.00
X 753.88 753.88 0.00 0.00 0.00 0.00
RI 0.00 0.00 0.00 0.00 0.00 0.00
Totals 2,065,694,753.8 2,012,360,741.36 1,175,618.05 26,783,147.42 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C>
A1 24,380,624.62 1,626,862,770.15 0.95797665 24,380,624.62
A2 3,578,140.85 212,939,451.86 0.95545528 3,578,140.85
M1 0.00 72,299,000.00 1.00000000 0.00
M2 0.00 56,807,000.00 1.00000000 0.00
B 0.00 15,493,000.00 1.00000000 0.00
P 0.00 0.00 0.00000000 0.00
X 0.00 753.88 1.00000000 0.00
RI 0.00 0.00 0.00000000 0.00
Totals 27,958,765.47 1,984,401,975.89 0.96064628 27,958,765.47
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<S> <C> <C> <C> <C> <C>
A1 1,698,228,000.00 972.33315831 0.61654872 13.73995972 0.00000000
A2 222,867,000.00 971.51032997 0.57692592 15.47812417 0.00000000
M1 72,299,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M2 56,807,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B 15,493,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
P 0.00 0.00000000 0.00000000 0.00000000 0.00000000
X 753.88 1000.00000000 0.00000000 0.00000000 0.00000000
RI 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All Classes are per $1,000 denomination.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
A1 0.00000000 14.35650844 957.97664987 0.95797665 14.35650844
A2 0.00000000 16.05505010 955.45527988 0.95545528 16.05505010
M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
RI 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A1 1,698,228,000.0 6.76000% 1,651,243,394.77 9,612,071.27 0.00 0.00
A2 222,867,000.00 6.86000% 216,517,592.71 1,279,017.54 0.00 0.00
M1 72,299,000.00 7.17000% 72,299,000.00 446,386.08 0.00 0.00
M2 56,807,000.00 7.52000% 56,807,000.00 367,856.88 0.00 0.00
B 15,493,000.00 8.47000% 15,493,000.00 112,999.92 0.00 0.00
P 0.00 0.00000% 0.00 0.00 0.00 0.00
X 753.88 0.00000% 753.88 0.00 0.00 0.00
RI 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 2,065,694,753.8 11,818,331.69 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A1 0.00 0.00 9,612,071.27 0.00 1,626,862,770.15
A2 0.00 0.00 1,279,017.54 0.00 212,939,451.86
M1 0.00 0.00 446,386.08 0.00 72,299,000.00
M2 0.00 0.00 367,856.88 0.00 56,807,000.00
B 0.00 0.00 112,999.92 0.00 15,493,000.00
P 0.00 0.00 590,941.23 0.00 0.00
X 0.00 0.00 2,945,375.74 0.00 753.88
RI 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 15,354,648.66 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A1 1,698,228,000.00 6.76000% 972.33315831 5.66005935 0.00000000 0.00000000
A2 222,867,000.00 6.86000% 971.51032997 5.73892743 0.00000000 0.00000000
M1 72,299,000.00 7.17000% 1000.00000000 6.17416672 0.00000000 0.00000000
M2 56,807,000.00 7.52000% 1000.00000000 6.47555548 0.00000000 0.00000000
B 15,493,000.00 8.47000% 1000.00000000 7.29361131 0.00000000 0.00000000
P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
X 753.88 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
RI 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) All Classes are per $1,000 denomination.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A1 0.00000000 0.00000000 5.66005935 0.00000000 957.97664987
A2 0.00000000 0.00000000 5.73892743 0.00000000 955.45527988
M1 0.00000000 0.00000000 6.17416672 0.00000000 1000.00000000
M2 0.00000000 0.00000000 6.47555548 0.00000000 1000.00000000
B 0.00000000 0.00000000 7.29361131 0.00000000 1000.00000000
P 0.00000000 0.00000000 147735307500.000 0.00000000 0.00000000
X 0.00000000 0.00000000 3906955.66933730 0.00000000 1000.00000000
RI 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Rate Balance Balance Balance Balance Percentage
Class
<S> <C> <C> <C> <C> <C> <C>
GUAR 0.09000% 1,651,243,394.77 1,626,862,770.15 0.00 0.00 95.79766499%
SSF 0.00000% 0.00 0.00 0.00 0.00 0.00000000%
RII 0.00000% 0.00 0.00 0.00 0.00 0.00000000%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 44,675,223.54
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 469,541.19
Realized Losses 0.00
Total Deposits 45,144,764.73
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 1,831,350.60
Payment of Interest and Principal 43,313,414.13
Total Withdrawals (Pool Distribution Amount) 45,144,764.73
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 838,483.64
Trustee Fee- First Union 291.67
MGIC Insurance Premium 828,968.37
Guarantee Fee 127,971.36
Loss Mitigation Advisor's Fee 25,154.51
Special Servicing Fee 0.00
Master Servicing Fee 10,481.05
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 1,831,350.60
</TABLE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<S> <C> <C> <C> <C>
Basis Risk Reserve Fund 5,000.00 0.00 0.00 5,000.00
</TABLE>
<TABLE>
<CAPTION> CERTIFICATEHOLDER DELINQUENCY/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<S> <C> <C> <C> <C> <C>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
30 Days 433 121 56 0 610
39,331,389.60 10,946,428.46 5,298,345.23 0.00 55,576,163.29
60 Days 35 3 46 0 84
3,974,474.26 202,453.84 3,452,421.22 0.00 7,629,349.32
90 Days 3 0 6 0 9
277,681.86 0.00 658,338.75 0.00 936,020.61
120 Days 0 0 4 0 4
0.00 0.00 373,997.31 0.00 373,997.31
150 Days 0 0 1 0 1
0.00 0.00 167,842.60 0.00 167,842.60
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 471 124 113 0 708
43,583,545.72 11,148,882.30 9,950,945.11 0.00 64,683,373.13
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
30 Days 2.199309% 0.614588% 0.284437% 0.000000% 3.098334%
1.980958% 0.551326% 0.266856% 0.000000% 2.799140%
60 Days 0.177773% 0.015238% 0.233645% 0.000000% 0.426656%
0.200178% 0.010197% 0.173884% 0.000000% 0.384259%
90 Days 0.015238% 0.000000% 0.030475% 0.000000% 0.045713%
0.013986% 0.000000% 0.033158% 0.000000% 0.047143%
120 Days 0.000000% 0.000000% 0.020317% 0.000000% 0.020317%
0.000000% 0.000000% 0.018837% 0.000000% 0.018837%
150 Days 0.000000% 0.000000% 0.005079% 0.000000% 0.005079%
0.000000% 0.000000% 0.008454% 0.000000% 0.008454%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 2.392320% 0.629825% 0.573954% 0.000000% 3.596099%
2.195122% 0.561523% 0.501188% 0.000000% 3.257832%
</TABLE>
<TABLE> Delinquency Status By Groups
<CAPTION>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<S> <C> <C> <C> <C> <C>
Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
30 Days 408 116 52 0 576
34,487,387.00 10,534,552.38 4,783,214.52 0.00 49,805,153.90
60 Days 33 3 45 0 81
3,444,918.34 202,453.84 3,183,953.30 0.00 6,831,325.48
90 Days 3 0 6 0 9
277,681.86 0.00 658,338.75 0.00 936,020.61
120 Days 0 0 4 0 4
0.00 0.00 373,997.31 0.00 373,997.31
150 Days 0 0 1 0 1
0.00 0.00 167,842.60 0.00 167,842.60
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 444 119 108 0 671
38,209,987.20 10,737,006.22 9,167,346.48 0.00 58,114,339.90
30 Days 2.174840% 0.618337% 0.277186% 0.000000% 3.070362%
1.964376% 0.600040% 0.272448% 0.000000% 2.836864%
60 Days 0.175906% 0.015991% 0.239872% 0.000000% 0.431770%
0.196220% 0.011532% 0.181356% 0.000000% 0.389107%
90 Days 0.015991% 0.000000% 0.031983% 0.000000% 0.047974%
0.015817% 0.000000% 0.037498% 0.000000% 0.053315%
120 Days 0.000000% 0.000000% 0.021322% 0.000000% 0.021322%
0.000000% 0.000000% 0.021303% 0.000000% 0.021303%
150 Days 0.000000% 0.000000% 0.005330% 0.000000% 0.005330%
0.000000% 0.000000% 0.009560% 0.000000% 0.009560%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 2.366738% 0.634328% 0.575693% 0.000000% 3.576759%
2.176412% 0.611572% 0.522165% 0.000000% 3.310149%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<S> <C> <C> <C> <C> <C>
Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
30 Days 25 5 4 0 34
4,844,002.60 411,876.08 515,130.71 0.00 5,771,009.39
60 Days 2 0 1 0 3
529,555.92 0.00 268,467.92 0.00 798,023.84
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 27 5 5 0 37
5,373,558.52 411,876.08 783,598.63 0.00 6,569,033.23
30 Days 2.693966% 0.538793% 0.431034% 0.000000% 3.663793%
2.107628% 0.179208% 0.224134% 0.000000% 2.510970%
60 Days 0.215517% 0.000000% 0.107759% 0.000000% 0.323276%
0.230410% 0.000000% 0.116811% 0.000000% 0.347221%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 2.909483% 0.538793% 0.538793% 0.000000% 3.987069%
2.338039% 0.179208% 0.340944% 0.000000% 2.858190%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 0.00
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 469,541.19
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed Mixed & ARM & Balloon
Weighted Average Gross Coupon 9.899185%
Weighted Average Net Coupon 8.803812%
Weighted Average Pass-Through Rate 8.782562%
Weighted Average Maturity(Stepdown Calculation ) 342
Beginning Scheduled Collateral Loan Count 19,934
Number Of Loans Paid In Full 246
Ending Scheduled Collateral Loan Count 19,688
Beginning Scheduled Collateral Balance 2,012,360,741.36
Ending Scheduled Collateral Balance 1,984,401,975.89
Ending Actual Collateral Balance at 31-Jul-2000 1,985,472,861.85
Monthly P &I Constant 17,770,675.91
Ending Scheduled Balance for Premium Loans 1,984,401,975.89
Scheduled Principal 1,175,618.05
Unscheduled Principal 26,783,147.42
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized reduction Amount 0.00
Specified O/C Amount 10,328,473.77
Overcollateralized Amount 753.88
Overcollateralized Deficiency Amount 10,327,719.89
Base Overcollateralized Amount 0.00
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2 Total
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 9.942177 9.542776
Weighted Average Net Rate 8.924031 8.546800
Weighted Average Maturity 340.00 350.00
Beginning Loan Count 18,992 942 19,934
Loans Paid In Full 232 14 246
Ending Loan Count 18,760 928 19,688
Beginning Scheduled Balance 1,779,067,663.28 233,293,078.08 2,012,360,741.36
Ending scheduled Balance 1,754,687,038.66 229,714,937.23 1,984,401,975.89
Record Date 07/31/2000 07/31/2000
Principal And Interest Constant 15,786,878.60 1,983,797.31 17,770,675.91
Scheduled Principal 1,047,040.30 128,577.75 1,175,618.05
Unscheduled Principal 23,333,584.32 3,449,563.10 26,783,147.42
Scheduled Interest 14,739,838.30 1,855,219.56 16,595,057.86
Servicing Fees 1,477,954.65 189,497.18 1,667,451.83
Master Servicing Fees 9,265.98 1,215.07 10,481.05
Trustee Fee 257.85 33.81 291.66
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread Fee 1 0.00 0.00 0.00
Spread Fee 2 0.00 0.00 0.00
Spread Fee 3 0.00 0.00 0.00
Net Interest 13,230,379.31 1,661,591.15 14,891,970.46
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.00 0.00 0.00
</TABLE>