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Previous: STRUCTURED ASSET SECURITIES CORP MO PA TH CE SE 2000-BC2, 8-K, 2000-07-07 |
Next: TONER SYSTEMS INTERNATIONAL INC, 10SB12G/A, 2000-07-07 |
<TABLE>
<CAPTION>
Amortizing Residential Collateral Mortgage Trust
Mortgage Pass-Through Certificates
Record Date: 05/31/2000
Distribution Date: 06/26/2000
ARC Series: 2000-2
Contact: Customer Service - CTSLink
Norwest 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 6.75125% 1,698,228,000.0 8,598,871.34 17,860,925.33
A2 863572P72 SEN 6.85125% 222,867,000.00 1,145,188.15 1,758,827.35
M1 863572P80 SEQ 7.16125% 72,299,000.00 388,313.41 0.00
M2 863572P98 SEQ 7.51125% 56,807,000.00 320,018.68 0.00
B 863572Q22 SUB 8.46125% 15,493,000.00 98,317.61 0.00
P ARC00BC2P SEN 0.00000% 0.00 310,821.61 0.00
X ARC00BC2X OC 0.00000% 753.88 4,642,232.35 0.00
RI ARC0BC2RI SEN 0.00000% 0.00 0.00 0.00
Totals 2,065,694,753.8 15,503,763.15 19,619,752.68
</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 1,680,367,074.67 26,459,796.67 0.00
A2 0.00 221,108,172.65 2,904,015.50 0.00
M1 0.00 72,299,000.00 388,313.41 0.00
M2 0.00 56,807,000.00 320,018.68 0.00
B 0.00 15,493,000.00 98,317.61 0.00
P 0.00 0.00 310,821.61 0.00
X 0.00 753.88 4,642,232.35 0.00
RI 0.00 0.00 0.00 0.00
Totals 0.00 2,046,075,001.20 35,123,515.83 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 1,698,228,000.00 1,051,542.87 16,809,382.46 0.00 0.00
A2 222,867,000.00 222,867,000.00 128,903.88 1,629,923.47 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 2,065,694,753.88 1,180,446.75 18,439,305.93 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 17,860,925.33 1,680,367,074.67 0.98948261 17,860,925.33
A2 1,758,827.35 221,108,172.65 0.99210818 1,758,827.35
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 19,619,752.68 2,046,075,001.20 0.99050210 19,619,752.68
</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 1000.00000000 0.61920005 9.89818944 0.00000000
A2 222,867,000.00 1000.00000000 0.57838926 7.31343568 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 10.51738950 989.48261050 0.98948261 10.51738950
A2 0.00000000 7.89182494 992.10817506 0.99210818 7.89182494
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 6.75125% 1,698,228,000.00 8,598,871.34 0.00 0.00
A2 222,867,000.00 6.85125% 222,867,000.00 1,145,188.15 0.00 0.00
M1 72,299,000.00 7.16125% 72,299,000.00 388,313.41 0.00 0.00
M2 56,807,000.00 7.51125% 56,807,000.00 320,018.68 0.00 0.00
B 15,493,000.00 8.46125% 15,493,000.00 98,317.61 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 10,550,709.19 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 8,598,871.34 0.00 1,680,367,074.67
A2 0.00 0.00 1,145,188.15 0.00 221,108,172.65
M1 0.00 0.00 388,313.41 0.00 72,299,000.00
M2 0.00 0.00 320,018.68 0.00 56,807,000.00
B 0.00 0.00 98,317.61 0.00 15,493,000.00
P 0.00 0.00 310,821.61 0.00 0.00
X 0.00 0.00 4,642,232.35 0.00 753.88
RI 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 15,503,763.15 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 6.75125% 1000.00000000 5.06343750 0.00000000 0.00000000
A2 222,867,000.00 6.85125% 1000.00000000 5.13843750 0.00000000 0.00000000
M1 72,299,000.00 7.16125% 1000.00000000 5.37093750 0.00000000 0.00000000
M2 56,807,000.00 7.51125% 1000.00000000 5.63343743 0.00000000 0.00000000
B 15,493,000.00 8.46125% 1000.00000000 6.34593752 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 5.06343750 0.00000000 989.48261050
A2 0.00000000 0.00000000 5.13843750 0.00000000 992.10817506
M1 0.00000000 0.00000000 5.37093750 0.00000000 1000.00000000
M2 0.00000000 0.00000000 5.63343743 0.00000000 1000.00000000
B 0.00000000 0.00000000 6.34593752 0.00000000 1000.00000000
P 0.00000000 0.00000000 77705402500.0000 0.00000000 0.00000000
X 0.00000000 0.00000000 6157786.84936595 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% 1,698,228,000.00 1,680,367,074.67 0.00 0.00 98.94826105%
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 36,921,225.95
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 65,003.23
Realized Losses 0.00
Total Deposits 36,986,229.18
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 1,862,713.35
Payment of Interest and Principal 35,123,515.83
Total Withdrawals (Pool Distribution Amount) 36,986,229.18
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 860,706.15
Trustee Fee- First Union 291.67
MGIC Insurance Premium 850,505.13
Guarantee Fee 114,630.39
Loss Mitigation Advisor's Fee 25,821.18
Special Servicing Fee 0.00
Master Servicing Fee 10,758.83
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 1,862,713.35
</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
Percentage Delinquent
Based On
Current Unpaid
Number Principal Number Unpaid
Of Loans Balance Of Loans Balance
<S> <C> <C> <C> <C>
30 Days 79 6,112,347.74 0.390085% 0.298735%
60 Days 15 1,342,128.16 0.074067% 0.065595%
90+ Days 0 0.00 0.000000% 0.000000%
Foreclosure 3 229,312.24 0.014813% 0.011207%
REO 0 0.00 0.000000% 0.000000%
Totals 97 7,683,788.14 0.478965% 0.375538%
</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 65,003.23
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed Mixed & ARM & Balloon
Weighted Average Gross Coupon 9.907943%
Weighted Average Net Coupon 8.913869%
Weighted Average Pass-Through Rate 8.907619%
Weighted Average Maturity(Stepdown Calculation ) 344
Beginning Scheduled Collateral Loan Count 20,432
Number Of Loans Paid In Full 180
Ending Scheduled Collateral Loan Count 20,252
Beginning Scheduled Collateral Balance 2,065,694,753.88
Ending Scheduled Collateral Balance 2,046,075,001.20
Ending Actual Collateral Balance at 31-May-2000 2,046,839,956.68
Monthly P &I Constant 18,236,101.69
Ending Scheduled Balance for Premium Loans 2,046,075,001.20
Scheduled Principal 1,180,446.75
Unscheduled Principal 18,439,305.93
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 9.954786 9.551004
Weighted Average Net Rate 8.936570 8.557713
Weighted Average Maturity 342.00 352.00
Beginning Loan Count 19,469 963 20,432
Loans Paid In Full 175 5 180
Ending Loan Count 19,294 958 20,252
Beginning Scheduled Balance 1,826,052,268.51 239,642,485.37 2,065,694,753.88
Ending scheduled Balance 1,808,191,343.18 237,883,658.02 2,046,075,001.20
Record Date 05/31/2000 05/31/2000
Principal And Interest Constant 16,199,842.59 2,036,259.10 18,236,101.69
Scheduled Principal 1,051,542.87 128,903.88 1,180,446.75
Unscheduled Principal 16,809,382.46 1,629,923.47 18,439,305.93
Scheduled Interest 15,148,299.72 1,907,355.22 17,055,654.94
Servicing Fees 1,517,092.77 194,118.56 1,711,211.33
Master Servicing Fees 9,510.69 1,248.13 10,758.82
Trustee Fee 257.83 33.84 291.67
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 13,598,870.60 1,708,993.00 15,307,863.60
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>
<TABLE>
<CAPTION> Delinquency Status By Groups
<S> <C> <C> <C> <C> <C> <C>
Group 30 Days 60 Days 90 + Days Foreclosure REO Bankruptcy
1 Principal Balance 6,112,347.74 1,342,128.16 0.00 229,312.24 0.00 0.00
Percentage Of Balance 0.338% 0.074% 0.000% 0.013% 0.000% 0.000%
Loan Count 79 15 0 3 0 0
Percentage Of Loans 0.409% 0.078% 0.000% 0.016% 0.000% 0.000%
2 Principal Balance 0.00 0.00 0.00 0.00 0.00 0.00
Percentage Of Balance 0.000% 0.000% 0.000% 0.000% 0.000% 0.000%
Loan Count 0 0 0 0 0 0
Percentage Of Loans 0.000% 0.000% 0.000% 0.000% 0.000% 0.000%
Totals:Principal Balance 6,112,347.74 1,342,128.16 0.00 229,312.24 0.00 0.00
Percentage of Balance 0.299% 0.066% 0.000% 0.011% 0.000% 0.000%
Loan Count 79 15 0 3 0 0
Percentage Of Loans 0.390% 0.074% 0.000% 0.015% 0.000% 0.000%
</TABLE>
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