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Previous: VANDERBILT MORT & FIN INC SEN SUB PAS THR CERT SER 2000 C, 8-K, 2000-12-19 |
Next: VAN KAMPEN FOCUS PORTFOLIOS SERIES 257, 487, 2000-12-19 |
<PAGE> 1
Exhibit 20
Chase Bank, Trustee Determination Date: 04-Dec-00
Manufactured Housing Contracts Remittance Date: 07-Dec-00
Senior/Subordinated Pass-Through
Certificates Series 2000C For the Period Ended: 25-Nov-00
Lock-Out Date: Sep-05
<TABLE>
<CAPTION>
Information for Clauses (v) through (ap), Section 7.01 - GROUP I
Class A ARM Class A-1 Class A-2 Class A-3
<S> <C> <C> <C> <C>
(v) Class II A and Class II B Distribution Amounts 384,057.03 2,156,172.49 307,500.00 213,916.67
(w) Formula Principal Distribution Amount
(a) Scheduled Principal Due 44,567.36 389,027.30
(b) Partial Prepayments Received 8,908.07 261,553.69
(c) Principal Payments in Full (Scheduled Balance) 154,916.33 1,235,510.80
(d) Liquidated Contract Scheduled Balance 0.00
(e) Section 3.05 Purchase Scheduled Balance 0.00
(f) Previously Undistributed Shortfalls in (a) through (e) 0.00
(g) Accelerated Principal Payment 0.00
------------- ------------- ------------- -------------
Total Principal Distribution 208,391.76 1,886,091.79 0.00 0.00
(x) Interest Distribution 175,665.27 270,080.70 307,500.00 213,916.67
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------- ------------- -------------
Total Interest Distribution 175,665.27 270,080.70 307,500.00 213,916.67
(y) Beginning Class I A and Class I B Principal Balance 30,243,662.40 48,085,584.78 50,000,000.00 34,000,000.00
Less: Principal Distribution 208,391.76 1,886,091.79 0.00 0.00
------------- ------------- ------------- -------------
Remaining Class A and Class B Principal Balance 30,035,270.64 46,199,492.99 50,000,000.00 34,000,000.00
(z) Fees Due Servicer
Monthly Servicing Fee 267,679.84 (ac) Pool Factor Original Balance
Section 8.06 Reimbursement Amount 0.00 Class A ARM 0.97271864 30,877,655.00
Section 6.02 Reimbursement Amount 30,983.17 Class A-1 0.83999078 55,000,000.00
Reimburseable Fees 0.00 Class A-2 1.00000000 50,000,000.00
------------- Class A-3 1.00000000 34,000,000.00
Total Fees Due Servicer 298,663.01 Class A-4 1.00000000 44,398,000.00
Class A-5 1.00000000 11,889,000.00
Class M-1 1.00000000 10,581,000.00
Class B-1 1.00000000 10,581,000.00
Class B-2 1.00000000 17,194,404.00
<CAPTION>
Information for Clauses (v) through (ap), Section 7.01 - GROUP I
Class A-4 Class A-5 Class M-1 Class B-1
<S> <C> <C> <C> <C>
(v) Class II A and Class II B Distribution Amounts 292,471.83 81,191.96 75,698.24 79,357.50
(w) Formula Principal Distribution Amount
(a) Scheduled Principal Due
(b) Partial Prepayments Received
(c) Principal Payments in Full (Scheduled Balance)
(d) Liquidated Contract Scheduled Balance
(e) Section 3.05 Purchase Scheduled Balance
(f) Previously Undistributed Shortfalls in (a) through (e)
(g) Accelerated Principal Payment
------------- ------------- ------------- -------------
Total Principal Distribution 0.00 0.00 0.00 0.00
(x) Interest Distribution 292,471.83 81,191.96 75,698.24 79,357.50
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------- ------------- -------------
Total Interest Distribution 292,471.83 81,191.96 75,698.24 79,357.50
(y) Beginning Class I A and Class I B Principal Balance 44,398,000.00 11,889,000.00 10,581,000.00 10,581,000.00
Less: Principal Distribution 0.00 0.00 0.00 0.00
------------- ------------- ------------- -------------
Remaining Class A and Class B Principal Balance 44,398,000.00 11,889,000.00 10,581,000.00 10,581,000.00
(z) Fees Due Servicer
Monthly Servicing Fee Rate 6.6200% Libor
Section 8.06 Reimbursement Amount 6.9700% 0.3500% Spread - Class A ARM
Section 6.02 Reimbursement Amount 6.7400% 0.1200% Spread - Class A-1
Reimburseable Fees 7.3800%
7.5500%
Total Fees Due Servicer 7.9050%
8.1950%
8.5850%
9.0000%
9.0000%
<CAPTION>
Information for Clauses (v) through (ap), Section 7.01 - GROUP I
Class B-2
<S> <C> <C> <C> <C> <C> <C>
(v) Class II A and Class II B Distribution Amounts 128,958.03
(w) Formula Principal Distribution Amount
(a) Scheduled Principal Due
(b) Partial Prepayments Received
(c) Principal Payments in Full (Scheduled
Balance)
(d) Liquidated Contract Scheduled Balance
(e) Section 3.05 Purchase Scheduled Balance
(f) Previously Undistributed Shortfalls
in (a) through (e)
(g) Accelerated Principal Payment
------------
Total Principal Distribution 0.00
(x) Interest Distribution 128,958.03 1,624,840.20
Unpaid Interest Shortfall 0.00
------------
Total Interest Distribution 128,958.03 When
254,878,167.63
(y) Beginning Class I A and Class I B Principal
Balance 7,194,404.00 is less than
Less: Principal Distribution 0.00 2,094,483.55 264,521,059.00
------------ X
Remaining Class A and Class B Principal
Balance 7,194,404.00 0.10
26,452,105.90
(z) Fees Due Servicer We can prepaid
Monthly Servicing Fee Rate
Section 8.06 Reimbursement Amount Class A ARM 6.9700% 30,243,662 2,107,983 6.97%
---------------------------------------------------------
Section 6.02 Reimbursement Amount Class A-1 6.7400% 48,085,585 3,240,968
Reimburseable Fees Class A-2 7.3800% 50,000,000 3,690,000
Class A-3 7.5500% 34,000,000 2,567,000
Total Fees Due Servicer Class A-4 7.9050% 44,398,000 3,509,662
Class A-5 8.1950% 11,889,000 974,304
Class M-1 8.5850% 10,581,000 908,379
Class B-1 9.0000% 10,581,000 952,290
Class B-2 9.0000% 17,194,404 1,547,496
-------------------------
Sub Fixed Only 226,728,989 17,390,099 7.67%
Total 256,972,651 19,498,082
</TABLE>
<PAGE> 2
Chase Bank, Trustee Determination Date: 04-Dec-00
Manufactured Housing Contracts Remittance Date: 07-Dec-00
Senior/Subordinated Pass-Through
Certificates Series 2000C For the Period Ended: 25-Nov-00
Lock-Out Date: Sep-05
<TABLE>
<CAPTION>
Unpaid Upaid
No. of Principal Delinquency as of No. of Principal
(aa) Delinquency as of the Due Period Contracts Balance Calendar Month End Contracts Balance
<S> <C> <C> <C> <C> <C>
31-59 Days Delinquent 201 7,229,576 31-59 Days Delinquent 126 4,600,062
60-89 Days Delinquent 53 2,148,717 60-89 Days Delinquent 38 1,555,050
90+ Days Delinquent 32 1,433,201 90+ Days Delinquent 24 1,280,378
3-Month Avg Thirty-Day Delinquency Ratio 2.63% 3-Month Avg Thirty-Day
Delinquency Ratio 1.68%
3-Month Avg Sixty-Day Delinquency Ratio 0.92% 3-Month Avg Sixty-Day
Delinquency Ratio 0.78%
Acquisition Loss Amount
(ab) Section 3.05 Repurchases 0.00
Current Month Acquisition Loss Amount 20,611
(ad) Class R Distribution Amount 480,626.61 Cumulative Acquisition Loss Amount 20,611
Reposession Profits 0.00
(ae) Principal Balance of Contracts in Repossession 411,478.06
(af) Aggregate Net Liquidation Losses 0.00
(ag) (x) Class B-2 Formula Distribution Amount 128,958.03
(y) Remaining Amount Available 480,626.61
----------
Amount of (x) over (y) 0.00
(ah) Class B-2 Liquidation Loss Amount 0.00
(ai) Guarantee Payment 0.00
(aj) Unadvanced Shortfalls 0.00
No. $
(ak) Units repossessed 6 204,897.88
(al) Principal Prepayments paid 163,824.40
(am) Scheduled Principal Payments 44,567.36
(an) Weighted Average Interest Rate 11.00%
</TABLE>
<PAGE> 3
Chase Bank, Trustee Determination Date: 04-Dec-00
Manufactured Housing Contracts Remittance Date: 07-Dec-00
Senior/Subordinated Pass-Through
Certificates Series 2000C For the Period Ended: 25-Nov-00
Lock-Out Date: Sep-05
<TABLE>
<CAPTION>
Computation of Available Distribution Amount
<S> <C>
(i) Certificate Account Balance at Monthly Cutoff-Vanderbilt 4,314,482.90
Certificate Account Balance at Monthly Cutoff-SubServicer-21st 157,216.28
(ii) Monthly Advance made 0.00
(iii) Section 5.05 Certificate Fund Income-Vanderbilt 17,922.49
(iii) Section 5.05 Certificate Fund Income-SubServicer-21st 669.93
(v) Principal due Holders 0.00
Less:
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-Vanderbilt 151,909.16
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-SubServicer-21st 5,626.04
(ii) Due to the Servicer Pursuant to Section 6.02:
(i) Section 3.05 Purchases (Due Seller) 0.00
(ii) Reimbursement for taxes from Liquidation Proceeds 0.00
(iii) Monthly Servicing Fee 267,679.84
(iv) Reimburseable Liquidation Expenses 30,983.17
(v) Section 6.04 (c) reimbursement 0.00
(vi) Section 8.06 reimbursement 0.00
(vii) Amounts not required to be deposited-SubServicer 0.00
Total Due Servicer 298,663.01
Available Distrubution Amount 3,881,833.22
Available Distrubution Amount-SubServicer-21st 152,260.17
To Class A and B - Scheduled Principal and Interest 3,719,323.75
Monthly Excess Cashflow Class I 480,626.61
Accelerated Principal Payment 0.00
Weighted Average Remaining Term (months) 239.00
Scheduled Balance Computation
Prior Month Balance 256,972,651.18
Current Balance - Class A ARM 30,046,901.95
Adv Principal - Class A ARM 1,973.23
Del Principal - Class A ARM 13,604.54
Current Balance - Fixed 224,921,746.34
Adv Principal - Fixed 27,631.66
Del Principal - Fixed 106,481.01
Pool Scheduled Balance 254,878,167.63
Principal Payments in Full - Class A ARM 154,916.33
Partial Prepayments - Class A ARM 8,908.07
Principal Payments in Full - Fixed 1,235,510.80
Partial Prepayments - Fixed 261,553.69
Scheduled Principal - Class A ARM 44,567.36
Scheduled Principal - Fixed 389,027.30
Collateral Balance 254,968,648.29
</TABLE>
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