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Previous: DELTA FUND HM EQU LN 2000-2 HM EQU LN ASS BKD CRT SER 2000-2, 8-K, 2000-12-28 |
Next: CHINA MOBILE HONG KONG LTD /ADR/, 6-K, 2000-12-28 |
<TABLE>
<CAPTION>
Delta Funding Corporation
Home Equity Loan Asset-Backed Certificates
Record Date: 11/30/2000
Distribution Date: 12/15/2000
DFH Series: 2000-2
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>
A_1F 24763LGN4 SEN 7.79000% 54,682,910.48 354,983.23 2,361,808.34
A_2F 24763LGP9 SEN 7.82000% 14,502,000.00 94,504.70 0.00
A_3F 24763LGQ7 SEN 7.98000% 41,519,000.00 276,101.35 0.00
A_4F 24763LGR5 SEN 8.22000% 10,953,000.00 75,028.05 0.00
A_5F 24763LGS3 SEN 8.36000% 20,327,000.00 141,611.43 0.00
A_6F 24763LGT1 SEN 7.97000% 21,000,000.00 139,475.00 0.00
IOF 24763LGU8 SEN 7.00000% 0.00 320,833.33 0.00
A_1A 24763LGV6 SEN 6.94000% 62,397,760.54 360,867.05 904,209.20
M_1 24763LGW4 MEZ 8.36000% 16,500,000.00 114,950.00 0.00
M_2 24763LGX2 MEZ 8.36000% 11,344,000.00 79,029.87 0.00
B 24763LGY0 JUN 8.36000% 12,375,000.00 86,212.50 0.00
BIO DFH002BIO JUN 0.00000% 0.00 101.05 0.00
OC DFH0002OC JUN 0.00000% 1,075,016.56 0.00 0.00
R_1 DFH0002R1 JUN 0.00000% 0.00 0.00 0.00
R_2 DFH0002R2 RES 0.00000% 0.00 0.00 0.00
R_3 DFH0002R3 RES 0.00000% 0.00 0.00 0.00
Totals 266,675,687.58 2,043,697.56 3,266,017.54
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
A_1F 0.00 52,321,102.14 2,716,791.57 0.00
A_2F 0.00 14,502,000.00 94,504.70 0.00
A_3F 0.00 41,519,000.00 276,101.35 0.00
A_4F 0.00 10,953,000.00 75,028.05 0.00
A_5F 0.00 20,327,000.00 141,611.43 0.00
A_6F 0.00 21,000,000.00 139,475.00 0.00
IOF 0.00 0.00 320,833.33 0.00
A_1A 0.00 61,493,551.34 1,265,076.25 0.00
M_1 0.00 16,500,000.00 114,950.00 0.00
M_2 0.00 11,344,000.00 79,029.87 0.00
B 0.00 12,375,000.00 86,212.50 0.00
BIO 0.00 0.00 101.05 0.00
OC 0.00 1,346,202.98 0.00 0.00
R_1 0.00 0.00 0.00 0.00
R_2 0.00 0.00 0.00 0.00
R_3 0.00 0.00 0.00 0.00
Totals 0.00 263,680,856.46 5,309,715.10 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>
A_1F 61,480,000.00 54,682,910.48 201,696.12 2,160,112.22 0.00 0.00
A_2F 14,502,000.00 14,502,000.00 0.00 0.00 0.00 0.00
A_3F 41,519,000.00 41,519,000.00 0.00 0.00 0.00 0.00
A_4F 10,953,000.00 10,953,000.00 0.00 0.00 0.00 0.00
A_5F 20,327,000.00 20,327,000.00 0.00 0.00 0.00 0.00
A_6F 21,000,000.00 21,000,000.00 0.00 0.00 0.00 0.00
IOF 0.00 0.00 0.00 0.00 0.00 0.00
A_1A 65,000,000.00 62,397,760.54 26,100.12 878,109.08 0.00 0.00
M_1 16,500,000.00 16,500,000.00 0.00 0.00 0.00 0.00
M_2 11,344,000.00 11,344,000.00 0.00 0.00 0.00 0.00
B 12,375,000.00 12,375,000.00 0.00 0.00 0.00 0.00
BIO 0.00 0.00 0.00 0.00 0.00 0.00
OC 0.00 1,075,016.56 0.00 0.00 0.00 0.00
R_1 0.00 0.00 0.00 0.00 0.00 0.00
R_2 0.00 0.00 0.00 0.00 0.00 0.00
R_3 0.00 0.00 0.00 0.00 0.00 0.00
Totals 275,000,000.00 266,675,687.58 227,796.24 3,038,221.30 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>
A_1F 2,361,808.34 52,321,102.14 0.85102638 2,361,808.34
A_2F 0.00 14,502,000.00 1.00000000 0.00
A_3F 0.00 41,519,000.00 1.00000000 0.00
A_4F 0.00 10,953,000.00 1.00000000 0.00
A_5F 0.00 20,327,000.00 1.00000000 0.00
A_6F 0.00 21,000,000.00 1.00000000 0.00
IOF 0.00 0.00 0.00000000 0.00
A_1A 904,209.20 61,493,551.34 0.94605464 904,209.20
M_1 0.00 16,500,000.00 1.00000000 0.00
M_2 0.00 11,344,000.00 1.00000000 0.00
B 0.00 12,375,000.00 1.00000000 0.00
BIO 0.00 0.00 0.00000000 0.00
OC 0.00 1,346,202.98 0.00000000 0.00
R_1 0.00 0.00 0.00000000 0.00
R_2 0.00 0.00 0.00000000 0.00
R_3 0.00 0.00 0.00000000 0.00
Totals 3,266,017.54 263,680,856.46 0.95883948 3,266,017.54
</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>
A_1F 61,480,000.00 889.44226545 3.28067859 35.13520202 0.00000000
A_2F 14,502,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A_3F 41,519,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A_4F 10,953,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A_5F 20,327,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A_6F 21,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
IOF 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A_1A 65,000,000.00 959.96554677 0.40154031 13.50937046 0.00000000
M_1 16,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M_2 11,344,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B 12,375,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
BIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
OC 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R_1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R_2 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R_3 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>
A_1F 0.00000000 38.41588061 851.02638484 0.85102638 38.41588061
A_2F 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A_3F 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A_4F 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A_5F 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A_6F 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
IOF 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A_1A 0.00000000 13.91091077 946.05463600 0.94605464 13.91091077
M_1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M_2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
BIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
OC 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R_1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R_2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R_3 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>
A_1F 61,480,000.00 7.79000% 54,682,910.48 354,983.23 0.00 0.00
A_2F 14,502,000.00 7.82000% 14,502,000.00 94,504.70 0.00 0.00
A_3F 41,519,000.00 7.98000% 41,519,000.00 276,101.35 0.00 0.00
A_4F 10,953,000.00 8.22000% 10,953,000.00 75,028.05 0.00 0.00
A_5F 20,327,000.00 8.36000% 20,327,000.00 141,611.43 0.00 0.00
A_6F 21,000,000.00 7.97000% 21,000,000.00 139,475.00 0.00 0.00
IOF 0.00 7.00000% 55,000,000.00 320,833.33 0.00 0.00
A_1A 65,000,000.00 6.94000% 62,397,760.54 360,867.05 0.00 0.00
M_1 16,500,000.00 8.36000% 16,500,000.00 114,950.00 0.00 0.00
M_2 11,344,000.00 8.36000% 11,344,000.00 79,029.87 0.00 0.00
B 12,375,000.00 8.36000% 12,375,000.00 86,212.50 0.00 0.00
BIO 0.00 0.00000% 0.00 0.00 0.00 0.00
OC 0.00 0.00000% 1,075,016.56 0.00 0.00 0.00
R_1 0.00 0.00000% 0.00 0.00 0.00 0.00
R_2 0.00 0.00000% 0.00 0.00 0.00 0.00
R_3 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 275,000,000.00 2,043,596.51 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Payment of Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A_1F 0.00 0.00 354,983.23 0.00 52,321,102.14
A_2F 0.00 0.00 94,504.70 0.00 14,502,000.00
A_3F 0.00 0.00 276,101.35 0.00 41,519,000.00
A_4F 0.00 0.00 75,028.05 0.00 10,953,000.00
A_5F 0.00 0.00 141,611.43 0.00 20,327,000.00
A_6F 0.00 0.00 139,475.00 0.00 21,000,000.00
IOF 0.00 0.00 320,833.33 0.00 52,000,000.00
A_1A 0.00 0.00 360,867.05 0.00 61,493,551.34
M_1 0.00 0.00 114,950.00 0.00 16,500,000.00
M_2 0.00 0.00 79,029.87 0.00 11,344,000.00
B 0.00 0.00 86,212.50 0.00 12,375,000.00
BIO 0.00 0.00 101.05 0.00 0.00
OC 0.00 0.00 0.00 0.00 1,346,202.98
R_1 0.00 0.00 0.00 0.00 0.00
R_2 0.00 0.00 0.00 0.00 0.00
R_3 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 2,043,697.56 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>
A_1F 61,480,000.00 7.79000% 889.44226545 5.77396275 0.00000000 0.00000000
A_2F 14,502,000.00 7.82000% 1000.00000000 6.51666667 0.00000000 0.00000000
A_3F 41,519,000.00 7.98000% 1000.00000000 6.65000000 0.00000000 0.00000000
A_4F 10,953,000.00 8.22000% 1000.00000000 6.85000000 0.00000000 0.00000000
A_5F 20,327,000.00 8.36000% 1000.00000000 6.96666650 0.00000000 0.00000000
A_6F 21,000,000.00 7.97000% 1000.00000000 6.64166667 0.00000000 0.00000000
IOF 0.00 7.00000% 940.17094017 5.48433043 0.00000000 0.00000000
A_1A 65,000,000.00 6.94000% 959.96554677 5.55180077 0.00000000 0.00000000
M_1 16,500,000.00 8.36000% 1000.00000000 6.96666667 0.00000000 0.00000000
M_2 11,344,000.00 8.36000% 1000.00000000 6.96666696 0.00000000 0.00000000
B 12,375,000.00 8.36000% 1000.00000000 6.96666667 0.00000000 0.00000000
BIO 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
OC 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R_1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R_2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
R_3 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>
A_1F 0.00000000 0.00000000 5.77396275 0.00000000 851.02638484
A_2F 0.00000000 0.00000000 6.51666667 0.00000000 1000.00000000
A_3F 0.00000000 0.00000000 6.65000000 0.00000000 1000.00000000
A_4F 0.00000000 0.00000000 6.85000000 0.00000000 1000.00000000
A_5F 0.00000000 0.00000000 6.96666650 0.00000000 1000.00000000
A_6F 0.00000000 0.00000000 6.64166667 0.00000000 1000.00000000
IOF 0.00000000 0.00000000 5.48433043 0.00000000 888.88888889
A_1A 0.00000000 0.00000000 5.55180077 0.00000000 946.05463600
M_1 0.00000000 0.00000000 6.96666667 0.00000000 1000.00000000
M_2 0.00000000 0.00000000 6.96666696 0.00000000 1000.00000000
B 0.00000000 0.00000000 6.96666667 0.00000000 1000.00000000
BIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
OC 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R_1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R_2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R_3 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
Class Rate Balance Balance Balance Balance Percentage
<S> <C> <C> <C> <C> <C> <C>
FSA 0.08000% 225,381,671.01 222,115,653.48 0.00 0.00 94.60546359%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 4,637,423.76
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 789,611.76
Realized Losses 0.00
Total Deposits 5,427,035.52
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 117,320.42
Payment of Interest and Principal 5,309,715.10
Total Withdrawals (Pool Distribution Amount) 5,427,035.52
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 14,375.63
Servicing Fee Support 14,375.63
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 111,114.86
Trustee Fee- Wells Fargo 5,555.75
Supported Prepayment/Curtailment Interest Shortfall 14,375.63
Net Servicing Fee 102,294.98
</TABLE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<S> <C> <C> <C> <C>
Net Rate Cap Fund 10,000.00 50.53 50.53 10,000.00
LIBOR Carryover Fund 10,000.00 50.52 50.52 10,000.00
</TABLE>
<TABLE>
<CAPTION>
LOAN STATUS STRATIFICATION/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
0-29 Days 2 2 0 4
50,459.62 105,167.70 0.00 155,627.32
30 Days 195 0 0 0 195
13,735,809.56 0.00 0.00 0.00 13,735,809.56
60 Days 77 3 6 0 86
5,782,338.51 143,051.87 385,729.91 0.00 6,311,120.29
90 Days 43 1 22 0 66
2,106,497.30 20,452.79 1,560,871.25 0.00 3,687,821.34
120 Days 15 5 92 3 115
810,485.18 430,606.54 5,813,825.85 98,143.38 7,153,060.95
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 330 11 122 3 466
22,435,130.55 644,570.82 7,865,594.71 98,143.38 31,043,439.46
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
0-29 Days 0.056007% 0.056007% 0.000000% 0.112013%
0.019129% 0.039868% 0.000000% 0.058997%
30 Days 5.460655% 0.000000% 0.000000% 0.000000% 5.460655%
5.207113% 0.000000% 0.000000% 0.000000% 5.207113%
60 Days 2.156259% 0.084010% 0.168020% 0.000000% 2.408289%
2.192029% 0.054230% 0.146227% 0.000000% 2.392485%
90 Days 1.204144% 0.028003% 0.616074% 0.000000% 1.848222%
0.798553% 0.007753% 0.591711% 0.000000% 1.398018%
120 Days 0.420050% 0.140017% 2.576309% 0.084010% 3.220386%
0.307247% 0.163239% 2.203966% 0.037205% 2.711657%
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 9.241109% 0.308037% 3.416410% 0.084010% 13.049566%
8.504942% 0.244351% 2.981771% 0.037205% 11.768270%
<FN>
(7) Deliquencies are stratified according to the information the Servicer has provided. All 120 day fields contain loans 120+
days deliquent.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Delinquency Status By Groups
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
0-29 Days 2 1 0 3
50,459.62 34,942.66 0.00 85,402.28
30 Days 144 0 0 0 144
9,569,043.25 0.00 0.00 0.00 9,569,043.25
60 Days 55 3 3 0 61
4,135,104.73 143,051.87 211,307.94 0.00 4,489,464.54
90 Days 37 1 15 0 53
1,839,041.10 20,452.79 1,194,461.87 0.00 3,053,955.76
120 Days 10 3 61 2 76
481,738.16 276,707.94 3,672,413.75 49,522.82 4,480,382.67
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 246 9 80 2 337
16,024,927.24 490,672.22 5,113,126.22 49,522.82 21,678,248.50
0-29 Days 0.071250% 0.035625% 0.000000% 0.106876%
0.025093% 0.017377% 0.000000% 0.042470%
30 Days 5.130032% 0.000000% 0.000000% 0.000000% 5.130032%
4.758633% 0.000000% 0.000000% 0.000000% 4.758633%
60 Days 1.959387% 0.106876% 0.106876% 0.000000% 2.173139%
2.056365% 0.071139% 0.105082% 0.000000% 2.232586%
90 Days 1.318133% 0.035625% 0.534378% 0.000000% 1.888137%
0.914545% 0.010171% 0.593999% 0.000000% 1.518715%
120 Days 0.356252% 0.106876% 2.173139% 0.071250% 2.707517%
0.239566% 0.137605% 1.826271% 0.024627% 2.228070%
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 8.763805% 0.320627% 2.850018% 0.071250% 12.005700%
7.969108% 0.244009% 2.542730% 0.024627% 10.780474%
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
0-29 Days 0 1 0 1
0.00 70,225.04 0.00 70,225.04
30 Days 51 0 0 0 51
4,166,766.31 0.00 0.00 0.00 4,166,766.31
60 Days 22 0 3 0 25
1,647,233.78 0.00 174,421.97 0.00 1,821,655.75
90 Days 6 0 7 0 13
267,456.20 0.00 366,409.38 0.00 633,865.58
120 Days 5 2 31 1 39
328,747.02 153,898.60 2,141,412.10 48,620.56 2,672,678.28
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 84 2 42 1 129
6,410,203.31 153,898.60 2,752,468.49 48,620.56 9,365,190.96
0-29 Days 0.000000% 0.130890% 0.000000% 0.130890%
0.000000% 0.111999% 0.000000% 0.111999%
30 Days 6.675393% 0.000000% 0.000000% 0.000000% 6.675393%
6.645428% 0.000000% 0.000000% 0.000000% 6.645428%
60 Days 2.879581% 0.000000% 0.392670% 0.000000% 3.272251%
2.627115% 0.000000% 0.278179% 0.000000% 2.905294%
90 Days 0.785340% 0.000000% 0.916230% 0.000000% 1.701571%
0.426556% 0.000000% 0.584373% 0.000000% 1.010930%
120 Days 0.654450% 0.261780% 4.057592% 0.130890% 5.104712%
0.524307% 0.245447% 3.415262% 0.077543% 4.262560%
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 10.994764% 0.261780% 5.497382% 0.130890% 16.884817%
10.223406% 0.245447% 4.389814% 0.077543% 14.936211%
</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 789,611.76
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed & Mixed ARM
Weighted Average Gross Coupon 11.008783%
Weighted Average Net Coupon 10.508783%
Weighted Average Pass-Through Rate 10.483782%
Weighted Average Maturity (Stepdown Calculation) 354
Beginning Scheduled Collateral Loan Count 3,609
Number Of Loans Paid In Full 38
Ending Scheduled Collateral Loan Count 3,571
Beginning Scheduled Collateral Balance 266,675,687.57
Ending Scheduled Collateral Balance 263,680,856.46
Ending Actual Collateral Balance at 30-Nov-2000 263,789,329.50
Monthly P &I Constant 2,674,275.23
Ending Scheduled Balance for Premium Loans 263,680,856.46
Scheduled Principal 227,796.24
Unscheduled Principal 2,767,034.87
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 271,186.42
Overcollateralized reduction Amount 0.00
Specified O/C Amount 4,468,750.00
Overcollateralized Amount 1,346,202.98
Overcollateralized Deficiency Amount 3,393,733.44
Base Overcollateralized Amount 0.00
Extra principal distribution Amount 271,186.42
Excess Cash Amount 271,186.42
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Group F Curtailment $67,560.00
Group A Curtailment $6,643.25
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2 Total
Collateral Description Fixed 30 Year 6 Month LIBOR ARM
Weighted Average Coupon Rate 11.019051 10.975600
Weighted Average Net Rate 10.494051 10.450600
Weighted Average Maturity 306.00 354.00
Record Date 11/30/00 11/30/00
Principal And Interest Constant 2,071,789.71 602,485.52 2,674,275.23
Beginning Loan Count 2,839 770 3,609
Loans Paid In Full 32 6 38
Ending Loan Count 2,807 764 3,571
Beginning Scheduled Balance 203,657,493.45 63,018,194.12 266,675,687.57
Ending scheduled Balance 201,003,088.18 62,677,768.28 263,680,856.46
Scheduled Principal 201,696.12 26,100.12 227,796.24
Unscheduled Principal 2,452,709.15 314,325.72 2,767,034.87
Scheduled Interest 1,870,093.59 576,385.40 2,446,478.99
Servicing Fees 84,857.28 26,257.58 111,114.86
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 4,242.87 1,312.88 5,555.75
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 1,780,993.44 548,814.94 2,329,808.38
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>
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