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Previous: MORGAN STANLEY ABS CAPITAL I INC MSDWCC HELOC TRUST 2000-1, 8-K, 2001-01-08 |
Next: RIVERSTONE NETWORKS INC, S-1/A, 2001-01-08 |
<TABLE>
<CAPTION>
Morgan Stanley Dean Witter Credit Corp HELOC Trust
Mortgage Pass-Through Certificates
Record Date: 11/30/2000
Distribution Date: 12/26/2000
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 61474AAA5 SEN 6.90750% 195,715,258.35 1,089,033.09 307,906.45
CERT MSH00CERT SUB 8.67625% 15,115,250.00 109,286.41 0.00
OC OC 0.00000% 651,558.28 0.00 0.00
Totals 211,482,066.63 1,198,319.50 307,906.45
</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 0.00 195,407,351.90 1,396,939.54 0.00
CERT 0.00 18,572,891.06 109,286.41 0.00
OC 0.00 959,464.73 0.00 0.00
Totals 0.00 214,939,707.69 1,506,225.95 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 196,366,000.00 195,715,258.35 0.00 307,906.45 0.00 0.00
CERT 0.00 15,115,250.00 0.00 0.00 0.00 0.00
OC 816.63 651,558.28 0.00 0.00 0.00 0.00
Totals 196,366,816.63 211,482,066.63 0.00 307,906.45 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 307,906.45 195,407,351.90 0.99511805 307,906.45
CERT 0.00 18,572,891.06 0.00000000 0.00
OC 0.00 959,464.73 1,174.90752238 0.00
Totals 307,906.45 214,939,707.69 1.09458264 307,906.45
</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 196,366,000.00 996.68607778 0.00000000 1.56802323 0.00000000
CERT 0.00 0.00000000 0.00000000 0.00000000 0.00000000
OC 816.63 797862.28769455 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 1.56802323 995.11805455 0.99511805 1.56802323
CERT 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
OC 0.00000000 0.00000000 1,174,907.5223785 1174.90752238 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 6.90750% 195,715,258.35 1,089,033.09 0.00 0.00
CERT 0.00 8.67625% 15,115,250.00 109,286.41 0.00 0.00
OC 816.63 0.00000% 651,558.28 0.00 0.00 0.00
Totals 196,366,816.63 1,198,319.50 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 Loss (4) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
NOTE 0.00 0.00 1,089,033.09 0.00 195,407,351.90
CERT 0.00 0.00 109,286.41 0.00 18,572,891.06
OC 0.00 0.00 0.00 0.00 959,464.73
Totals 0.00 0.00 1,198,319.50 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 6.90750% 996.68607778 5.54593509 0.00000000 0.00000000
CERT 0.00 8.67625% 0.00000000 0.00000000 0.00000000 0.00000000
OC 816.63 0.00000% 797862.28769455 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 0.00000000 0.00000000 5.54593509 0.00000000 995.11805455
CERT 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
OC 0.00000000 0.00000000 0.00000000 0.00000000 1174907.52237856
<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% 195,715,258.35 195,407,351.90 0.00 0.00 99.51180546%
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 1,613,202.88
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 1,613,202.88
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 106,976.93
Payment of Interest and Principal 1,506,225.95
Total Withdrawals (Pool Distribution Amount) 1,613,202.88
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 82,836.07
Indenture Trustee Fee -- Wells Fargo Bank, N.A. 1,057.41
FSA Premium 22,833.45
Owner Trustee Fee 250.00
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 106,976.93
</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 2 0 8
306,047.47 11,615.30 128,343.24 0.00 446,006.01
60 Days 1 0 0 0 1
29,610.80 0.00 0.00 0.00 29,610.80
90 Days 2 0 0 0 2
1,570,400.00 0.00 0.00 0.00 1,570,400.00
120 Days 2 0 0 0 2
141,524.87 0.00 0.00 0.00 141,524.87
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 10 1 2 0 13
2,047,583.14 11,615.30 128,343.24 0.00 2,187,541.68
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 0.162813% 0.032563% 0.065125% 0.000000% 0.260501%
0.142388% 0.005404% 0.059711% 0.000000% 0.207503%
60 Days 0.032563% 0.000000% 0.000000% 0.000000% 0.032563%
0.013776% 0.000000% 0.000000% 0.000000% 0.013776%
90 Days 0.065125% 0.000000% 0.000000% 0.000000% 0.065125%
0.730623% 0.000000% 0.000000% 0.000000% 0.730623%
120 Days 0.065125% 0.000000% 0.000000% 0.000000% 0.065125%
0.065844% 0.000000% 0.000000% 0.000000% 0.065844%
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 0.325627% 0.032563% 0.065125% 0.000000% 0.423315%
0.952631% 0.005404% 0.059711% 0.000000% 1.017747%
<FN>
(7) Delinquencies are stratified according to the information the Servicer provided. All Foreclosures, REO, and
Bankruptcies are reported in the 30 day delinquency field. All 150 day fields contain loans 150 or more days
delinquent.
</FN>
</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>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 9.153700%
Weighted Average Net Coupon 8.683669%
Weighted Average Pass-Through Rate 8.546687%
Weighted Average Maturity(Stepdown Calculation ) 0
Beginning Scheduled Collateral Loan Count 3,109
Number Of Loans Paid In Full 38
Ending Scheduled Collateral Loan Count 3,071
Beginning Scheduled Collateral Balance 211,482,066.63
Ending Scheduled Collateral Balance 214,939,707.69
Ending Actual Collateral Balance at 30-Nov-2000 214,939,707.69
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 11,683,154.74
Investor Amount 196,366,816.63
Interest Collections 1,530,366.80
Principal Collections 8,225,513.68
Investor P&I Collections 1,420,986.95
</TABLE>
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