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Previous: MORGAN STANLEY ABS CAPITAL I INC MSDWCC HELOC TRUST 2000-1, 8-K, 2000-10-04 |
Next: EMPEROR PENGUIN INC, 10SB12G, 2000-10-04 |
<TABLE>
<CAPTION>
Morgan Stanley Dean Witter Credit Corp HELOC Trust
Mortgage Pass-Through Certificates
Record Date: 8/31/00
Distribution Date: 9/25/00
MSDWCC Series: 2000-1
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>
NOTE 464126AA9 SEN 6.91000% 196,366,000.00 1,243,814.95 187,388.56
CERT 464126AB7 SUB 0.00000% 816.63 0.00 0.00
OC OC 0.00000% 0.00 0.00 0.00
Totals 196,366,816.63 1,243,814.95 187,388.56
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
NOTE 0.00 196,178,611.44 1,431,203.51 0.00
CERT 0.00 6,045,817.11 0.00 0.00
OC 0.00 187,388.56 0.00 0.00
Totals 0.00 202,411,817.11 1,431,203.51 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>
NOTE 196,366,000.00 196,366,000.00 0.00 187,388.56 0.00 0.00
CERT 816.63 816.63 0.00 0.00 0.00 0.00
OC 0.00 0.00 0.00 0.00 0.00 0.00
Totals 196,366,816.63 196,366,816.63 0.00 187,388.56 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>
NOTE 187,388.56 196,178,611.44 0.99904572 187,388.56
CERT 0.00 6,045,817.11 7,403.37375556 0.00
OC 0.00 187,388.56 0.00000000 0.00
Totals 187,388.56 202,411,817.11 1.03078423 187,388.56
</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>
NOTE 196,366,000.00 1000.00000000 0.00000000 0.95428211 0.00000000
CERT 816.63 1000.00000000 0.00000000 0.00000000 0.00000000
OC 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>
NOTE 0.00000000 0.95428211 999.04571789 0.99904572 0.95428211
CERT 0.00000000 0.00000000 7,403,373.7555563 7403.37375556 0.00000000
OC 0.00000000 0.00000000 187,388,560,000.0 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>
NOTE 196,366,000.00 6.91000% 196,366,000.00 1,243,814.97 0.00 0.00
CERT 816.63 0.00000% 816.63 0.00 0.00 0.00
OC 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 196,366,816.63 1,243,814.97 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>
NOTE 0.02 0.00 1,243,814.95 0.00 196,178,611.44
CERT 0.00 0.00 0.00 0.00 6,045,817.11
OC 0.00 0.00 0.00 0.00 187,388.56
Totals 0.02 0.00 1,243,814.95 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>
NOTE 196,366,000.00 6.91000% 1000.00000000 6.33416666 0.00000000 0.00000000
CERT 816.63 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
OC 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>
NOTE 0.00000010 0.00000000 6.33416656 0.00000000 999.04571789
CERT 0.00000000 0.00000000 0.00000000 0.00000000 7403373.75555637
OC 0.00000000 0.00000000 0.00000000 0.00000000 187388560000.00000
<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 0.14000% 196,366,000.00 196,178,611.44 0.00 0.00 99.90457179%
Seller 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 1,534,188.13
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 1,534,188.13
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 102,984.62
Payment of Interest and Principal 1,431,203.51
Total Withdrawals (Pool Distribution Amount) 1,534,188.13
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 78,843.42
Indenture Trustee Fee -- Wells Fargo Bank, N.A. 981.83
FSA Premium 22,909.37
Owner Trustee Fee 250.00
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 102,984.62
</TABLE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<S> <C> <C> <C> <C>
Financial Guaranty 0.00 0.00 0.00 0.00
Financial Guaranty 0.00 0.00 0.00 0.00
</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 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 5 1 1 0 7
1,244,837.46 11,888.07 16,991.88 0.00 1,273,717.41
60 Days 1 0 0 0 1
29,610.80 0.00 0.00 0.00 29,610.80
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 6 1 1 0 8
1,274,448.26 11,888.07 16,991.88 0.00 1,303,328.21
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 0.157729% 0.031546% 0.031546% 0.000000% 0.220820%
0.615002% 0.005873% 0.008395% 0.000000% 0.629270%
60 Days 0.031546% 0.000000% 0.000000% 0.000000% 0.031546%
0.014629% 0.000000% 0.000000% 0.000000% 0.014629%
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 0.189274% 0.031546% 0.031546% 0.000000% 0.252366%
0.629631% 0.005873% 0.008395% 0.000000% 0.643899%
</TABLE>
(7) Delinquencies are stratified according to the information the Servicer
provided. All Foreclosure, REO, and Bankruptcies are reported in the 30 day
delinquency field. All 150 day fields contain loans 150 or more days
delinquent.
<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>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 9.375442%
Weighted Average Net Coupon 8.893629%
Weighted Average Pass-Through Rate 8.746102%
Weighted Average Maturity(Stepdown Calculation ) 0
Beginning Scheduled Collateral Loan Count 3,224
Number Of Loans Paid In Full 54
Ending Scheduled Collateral Loan Count 3,170
Beginning Scheduled Collateral Balance 196,366,861.63
Ending Scheduled Collateral Balance 202,411,817.11
Ending Actual Collateral Balance at 31-Aug-2000 202,411,817.11
Monthly P &I Constant 0.00
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Credit Enchancement Draw Amount 0.00
Aggregate Unreimbursed Credit Enhancement 0.00
Current Period Additional Balances 17,869,763.06
Investor Amount 196,366,000.00
Interest Collections 1,534,188.13
Principal Collections 11,824,762.58
Investor P&I Collections 1,534,188.13
</TABLE>
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