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Previous: MELLON RESIDENTIAL FUNDING CORP MORT PAS THR SER 2000 TBC 3, 8-K, 2000-09-25 |
Next: BERT LOGIC INC, SB-2, EX-3.1, 2000-09-25 |
<TABLE>
<CAPTION>
Mellon Residential Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 8/31/00
Distribution Date: 9/15/00
MRF Series: 2000-BC3
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-1 585525EN4 SEQ 6.83875% 465,656,000.00 2,742,212.61 3,408,602.81
A-R 585525EQ7 RES 7.63903% 100.00 0.64 100.00
X 585525EP9 IO 0.55515% 0.00 222,086.91 0.00
B-1 585525ER5 SUB 7.63903% 4,800,000.00 30,556.12 0.00
B-2 585525ES3 SUB 7.63903% 1,920,000.00 12,222.45 0.00
B-3 585525ET1 SUB 7.63903% 2,400,000.00 15,278.06 0.00
B-4 585525EU8 SUB 7.63903% 2,161,000.00 13,756.62 0.00
B-5 585525EV6 SUB 7.63903% 1,441,000.00 9,173.20 0.00
B-6 585525EW4 SUB 7.63903% 1,680,060.83 10,695.00 0.00
Totals 480,058,160.83 3,055,981.61 3,408,702.81
</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-1 0.00 462,247,397.19 6,150,815.42 0.00
A-R 0.00 0.00 100.64 0.00
X 0.00 0.00 222,086.91 0.00
B-1 0.00 4,800,000.00 30,556.12 0.00
B-2 0.00 1,920,000.00 12,222.45 0.00
B-3 0.00 2,400,000.00 15,278.06 0.00
B-4 0.00 2,161,000.00 13,756.62 0.00
B-5 0.00 1,441,000.00 9,173.20 0.00
B-6 0.00 1,680,060.83 10,695.00 0.00
Totals 0.00 476,649,458.02 6,464,684.42 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-1 465,656,000.00 465,656,000.00 0.00 3,408,602.81 0.00 0.00
A-R 100.00 100.00 0.00 100.00 0.00 0.00
X 0.00 0.00 0.00 0.00 0.00 0.00
B-1 4,800,000.00 4,800,000.00 0.00 0.00 0.00 0.00
B-2 1,920,000.00 1,920,000.00 0.00 0.00 0.00 0.00
B-3 2,400,000.00 2,400,000.00 0.00 0.00 0.00 0.00
B-4 2,161,000.00 2,161,000.00 0.00 0.00 0.00 0.00
B-5 1,441,000.00 1,441,000.00 0.00 0.00 0.00 0.00
B-6 1,680,060.83 1,680,060.83 0.00 0.00 0.00 0.00
Totals 480,058,160.83 480,058,160.83 0.00 3,408,702.81 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-1 3,408,602.81 462,247,397.19 0.99268000 3,408,602.81
A-R 100.00 0.00 0.00000000 100.00
X 0.00 0.00 0.00000000 0.00
B-1 0.00 4,800,000.00 1.00000000 0.00
B-2 0.00 1,920,000.00 1.00000000 0.00
B-3 0.00 2,400,000.00 1.00000000 0.00
B-4 0.00 2,161,000.00 1.00000000 0.00
B-5 0.00 1,441,000.00 1.00000000 0.00
B-6 0.00 1,680,060.83 1.00000000 0.00
Totals 3,408,702.81 476,649,458.02 0.99289940 3,408,702.81
</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-1 465,656,000.00 1000.00000000 0.00000000 7.32000191 0.00000000
A-R 100.00 1000.00000000 0.00000000 1000.00000000 0.00000000
X 0.00 0.00000000 0.00000000 0.00000000 0.00000000
B-1 4,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-2 1,920,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-3 2,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-4 2,161,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-5 1,441,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-6 1,680,060.83 1000.00000000 0.00000000 0.00000000 0.00000000
</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-1 0.00000000 7.32000191 992.67999809 0.99268000 7.32000191
A-R 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000
X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
<FN>
(2) Per 25,000 denomination except for class AR which is per $100.
(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-1 465,656,000.00 6.83875% 465,656,000.00 2,742,212.61 0.00 0.00
A-R 100.00 7.63903% 100.00 0.64 0.00 0.00
X 0.00 0.55515% 480,058,160.83 222,086.91 0.00 0.00
B-1 4,800,000.00 7.63903% 4,800,000.00 30,556.12 0.00 0.00
B-2 1,920,000.00 7.63903% 1,920,000.00 12,222.45 0.00 0.00
B-3 2,400,000.00 7.63903% 2,400,000.00 15,278.06 0.00 0.00
B-4 2,161,000.00 7.63903% 2,161,000.00 13,756.62 0.00 0.00
B-5 1,441,000.00 7.63903% 1,441,000.00 9,173.20 0.00 0.00
B-6 1,680,060.83 7.63903% 1,680,060.83 10,695.03 0.00 0.00
Totals 480,058,160.83 3,055,981.64 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>
A-1 0.00 0.00 2,742,212.61 0.00 462,247,397.19
A-R 0.00 0.00 0.64 0.00 0.00
X 0.00 0.00 222,086.91 0.00 476,649,458.00
B-1 0.00 0.00 30,556.12 0.00 4,800,000.00
B-2 0.00 0.00 12,222.45 0.00 1,920,000.00
B-3 0.00 0.00 15,278.06 0.00 2,400,000.00
B-4 0.00 0.00 13,756.62 0.00 2,161,000.00
B-5 0.00 0.00 9,173.20 0.00 1,441,000.00
B-6 0.00 0.00 10,695.00 0.00 1,680,060.83
Totals 0.00 0.00 3,055,981.61 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-1 465,656,000.00 6.83875% 1000.00000000 5.88892360 0.00000000 0.00000000
A-R 100.00 7.63903% 1000.00000000 6.40000000 0.00000000 0.00000000
X 0.00 0.55515% 1000.00000000 0.46262501 0.00000000 0.00000000
B-1 4,800,000.00 7.63903% 1000.00000000 6.36585833 0.00000000 0.00000000
B-2 1,920,000.00 7.63903% 1000.00000000 6.36585938 0.00000000 0.00000000
B-3 2,400,000.00 7.63903% 1000.00000000 6.36585833 0.00000000 0.00000000
B-4 2,161,000.00 7.63903% 1000.00000000 6.36585840 0.00000000 0.00000000
B-5 1,441,000.00 7.63903% 1000.00000000 6.36585704 0.00000000 0.00000000
B-6 1,680,060.83 7.63903% 1000.00000000 6.36585879 0.00000000 0.00000000
<FN>
(5) Per $25,000 denomination except for class AR which is per $100.
</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-1 0.00000000 0.00000000 5.88892360 0.00000000 992.67999809
A-R 0.00000000 0.00000000 6.40000000 0.00000000 0.00000000
X 0.00000000 0.00000000 0.46262501 0.00000000 992.89939614
B-1 0.00000000 0.00000000 6.36585833 0.00000000 1000.00000000
B-2 0.00000000 0.00000000 6.36585938 0.00000000 1000.00000000
B-3 0.00000000 0.00000000 6.36585833 0.00000000 1000.00000000
B-4 0.00000000 0.00000000 6.36585840 0.00000000 1000.00000000
B-5 0.00000000 0.00000000 6.36585704 0.00000000 1000.00000000
B-6 0.00000000 0.00000000 6.36584093 0.00000000 1000.00000000
<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>
A-R COMP 7.63903% 0.00 0.00 100.00 0.00 0.00000000%
A-R COMP 0.00000% 0.00 0.00 0.00 0.00 0.00000000%
COMP 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 6,587,053.02
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses 0.00
Total Deposits 6,587,053.02
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 122,368.60
Payment of Interest and Principal 6,464,684.42
Total Withdrawals (Pool Distribution Amount) 6,587,053.02
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 118,768.16
Trustee Fee 3,600.44
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 122,368.60
</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 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
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 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
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 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
</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 0.00
</TABLE>
<TABLE>
<CAPTION>
CREDIT ENHANCEMENT
Original $ Original % Current $ Current %
<S> <C> <C> <C> <C>
Bankruptcy 100,000.00 0.02083081% 100,000.00 0.02654335%
Fraud 3,800,582.00 0.79169199% 3,800,582.00 1.00880195%
Special Hazard 6,638,770.00 1.38290952% 6,638,770.00 1.76215225%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed ARM
Weighted Average Gross Coupon 8.138845%
Weighted Average Net Coupon 7.763844%
Weighted Average Pass-Through Rate 7.754843%
Weighted Average Maturity(Stepdown Calculation ) 337
Beginning Scheduled Collateral Loan Count 643
Number Of Loans Paid In Full 5
Ending Scheduled Collateral Loan Count 638
Beginning Scheduled Collateral Balance 480,058,160.83
Ending Scheduled Collateral Balance 376,742,135.48
Ending Actual Collateral Balance at 31-Aug-2000 376,742,135.48
Monthly P &I Constant 2,577,695.45
Ending Scheduled Balance for Premium Loans 476,742,135.48
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Pre Funding Account Balance 0.00
</TABLE>
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