<PAGE> 1
EXHIBIT 20
Chase Bank, Trustee Determination Date: 04-Oct-00
Manufactured Housing Contracts Remittance Date: 10-Oct-00
Senior/Subordinated Pass-Through For the Period Ended: 25-Sep-00
Certificates Series 2000C Lock-Out Date: Sep-05
<TABLE>
<CAPTION>
Information for Clauses (v) through (ap), Section 7.01 - GROUP 1
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 416,241.90 2,467,255.79 307,500.00 213,916.67
(w) Formula Principal Distribution Amount
(a) Scheduled Principal Due 40,716.15 380,281.39
(b) Partial Prepayments Received 11,820.70 306,791.15
(c) Principal Payments in Full (Scheduled Balance) 167,576.07 1,454,443.96
(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 220,112.92 2,141,516.50 0.00 0.00
(x) Interest Distribution 196,128.98 325,739.29 307,500.00 213,916.67
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------- ------------- -------------
Total Interest Distribution 196,128.98 325,739.29 307,500.00 213,916.67
(y) Beginning Class I A and Class I B Principal Balance 30,697,114.27 52,722,842.31 50,000,000.00 34,000,000.00
Less: Principal Distribution 220,112.92 2,141,516.50 0.00 0.00
------------- ------------- ------------- -------------
Remaining Class A and Class B Principal Balance 30,477,001.35 50,581,325.81 50,000,000.00 34,000,000.00
(z) Fees Due Servicer
Monthly Servicing Fee 272,982.67 (ac) Pool Factor Original Balance
Section 8.06 Reimbursement Amount 0.00 Class A ARM 0.98702448 30,877,655.00
Section 6.02 Reimbursement Amount 14,000.00 Class A-1 0.91966047 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 286,982.67 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 1
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 1
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 1,700,962.50
Unpaid Interest Shortfall 0.00
-------------
Total Interest Distribution 128,958.03 When
259,701,731.16
(y) Beginning Class I A and Class I B Principal Balance 17,194,404.00 is less than
Less: Principal Distribution 0.00 2,361,629.42 264,521,059.00
X
-------------
Remaining Class A and Class B Principal Balance 17,194,404.00 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% 30,697,114 2,139,589 6.97%
------------------------------------------------------
Section 6.02 Reimbursement Amount Class A-1 6.7400% 52,722,842 3,553,520
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 231,366,246 17,702,650 7.65%
Total 262,063,361 19,842,239
</TABLE>
<PAGE> 2
Chase Bank, Trustee Determination Date: 04-Oct-00
Manufactured Housing Contracts Remittance Date: 10-Oct-00
Senior/Subordinated Pass-Through For the Period Ended: 25-Sep-00
Certificates Series 2000C Lock-Out Date: Sep-05
<TABLE>
<CAPTION>
Unpaid Unpaid
No. of Principal No. of Principal
(aa) Delinquency as of the Due Period Contracts Balance Delinquency as of Calendar Month End Contracts Balance
<S> <C> <C> <C> <C> <C>
31-59 Days Delinquent 157 6,105,042 31-59 Days Delinquent 95 3,936,525
60-89 Days Delinquent 21 862,978 60-89 Days Delinquent 22 894,545
90+ Days Delinquent 8 283,061 90+ Days Delinquent 8 283,061
3-Month Avg Thirty-Day Delinquency Ratio n/a 3-Month Avg Thirty-Day Delinquency Ratio n/a
3-Month Avg Sixty-Day Delinquency Ratio n/a 3-Month Avg Sixty-Day Delinquency Ratio n/a
(ab) Section 3.05 Repurchases 0.00
(ad) Class R Distribution Amount 239,687.72
Reposession Profits 0.00
(ae) Principal Balance of Contracts in Repossession 168,085.04
(af) Aggregate Net Liquidation Losses 0.00
(ag) (x) Class B-2 Formula Distribution Amount 128,958.03
(y) Remaining Amount Available 239,687.72
----------
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 6 173,141.06
(al) Principal Prepayments paid 179,396.77
(am) Scheduled Principal Payments 40,716.15
(an) Weighted Average Interest Rate 11.01%
</TABLE>
<PAGE> 3
Chase Bank, Trustee Determination Date: 04-Oct-00
Manufactured Housing Contracts Remittance Date: 10-Oct-00
Senior/Subordinated Pass-Through For the Period Ended: 25-Sep-00
Certificates Series 2000C Lock-Out Date: Sep-05
<TABLE>
<CAPTION>
Computation of Available Distribution Amount
<C> <C> <C>
(i) Certificate Account Balance at Monthly Cutoff-Vanderbilt 4,540,590.17
Certificate Account Balance at Monthly Cutoff-SubServicer-21st 172,098.65
(ii) Monthly Advance made 0.00
(iii)Section 5.05 Certificate Fund Income-Vanderbilt 14,089.03
(iii)Section 5.05 Certificate Fund Income-SubServicer-21st 665.14
(v) Principal due Holders 0.00
Less:
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-Vanderbilt 129,552.65
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-SubServicer-21st 8,628.03
(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 272,982.67
(iv) Reimburseable Liquidation Expenses 14,000.00
(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 286,982.67
Available Distrubution Amount 4,302,279.64
Available Distrubution Amount-SubServicer-21st 164,135.76
To Class A and B - Scheduled Principal and Interest 4,062,591.92
Monthly Excess Cashflow Class I 239,687.72
Accelerated Principal Payment 0.00
Weighted Average Remaining Term (months) 244.00
Scheduled Balance Computation
Prior Month Balance 262,063,360.58
Current Balance - Class A ARM 30,481,987.71
Adv Principal - Class A ARM 1,089.94
Del Principal - Class A ARM 6,076.30
Current Balance - Fixed 229,266,371.80
Adv Principal - Fixed 22,109.91
Del Principal - Fixed 63,751.90
Pool Scheduled Balance 259,701,731.16
Principal Payments in Full - Class A ARM 167,576.07
Partial Prepayments - Class A ARM 11,820.70
Principal Payments in Full - Fixed 1,454,443.96
Partial Prepayments - Fixed 306,791.15
Scheduled Principal - Class A ARM 40,716.15
Scheduled Principal - Fixed 380,281.39
Collateral Balance 30,481,987.71
Overcollateralization Amount 0
Required Overcollateralization Amount 0
</TABLE>
<PAGE> 4
Chase Bank, Trustee Determination Date: 01-Sep-00
Manufactured Housing Contracts Remittance Date: 07-Sep-00
Senior/Subordinated Pass-Through For the Period Ended: 25-Aug-00
Certificates Series 2000C Lock-Out Date: Sep-05
<TABLE>
<CAPTION>
Information for Clauses (v) through (ap), Section 7.01 - GROUP 1
Class A ARM Class A-1 Class A-2
<S> <C> <C> <C>
(v) Class II A and Class II B Distribution Amounts 234,345.04 2,369,832.69 307,500.00
(w) Formula Principal Distribution Amount
(a) Scheduled Principal Due 43,893.92 358,974.73
(b) Partial Prepayments Received 6,469.63 97,586.29
(c) Principal Payments in Full (Scheduled Balance) 130,177.18 1,820,596.67
(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 180,540.73 2,277,157.69 0.00
(x) Interest Distribution 53,804.31 92,675.00 307,500.00
Unpaid Interest Shortfall 0.00 0.00 0.00
------------- ------------- -------------
Total Interest Distribution 53,804.31 92,675.00 307,500.00
(y) Beginning Class I A and Class I B Principal Balance 30,877,655.00 55,000,000.00 50,000,000.00
Less: Principal Distribution 180,540.73 2,277,157.69 0.00
------------- ------------- -------------
Remaining Class A and Class B Principal Balance 30,697,114.27 52,722,842.31 50,000,000.00
(z) Fees Due Servicer
Monthly Servicing Fee 275,542.77 (ac) Pool Factor
Section 8.06 Reimbursement Amount 0.00 Class A 0.99415303
Section 6.02 Reimbursement Amount 0.00 Class A-1 0.95859713
Reimburseable Fees 0.00 Class A-2 1.00000000
Total Fees Due Servicer ------------ Class A-3 1.00000000
275,542.77 Class A-4 1.00000000
Class A-5 1.00000000
Class M-1 1.00000000
Class B-1 1.00000000
Class B-2 1.00000000
<CAPTION>
Information for Clauses (v) through (ap) Section 7.01 - GROUP 1
Class A-3 Class A-4 Class A-5
<S> <C> <C> <C>
(v) Class II A and Class II B Distribution Amounts 213,916.67 292,471.83 81,191.96
(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
(x) Interest Distribution 213,916.67 292,471.83 81,191.96
Unpaid Interest Shortfall 0.00 0.00 0.00
------------- ------------- -------------
Total Interest Distribution 213,916.67 292,471.83 81,191.96
(y) Beginning Class I A and Class I B Principal Balance 34,000,000.00 44,398,000.00 11,889,000.00
Less: Principal Distribution 0.00 0.00 0.00
------------- ------------- -------------
Remaining Class A and Class B Principal Balance 34,000,000.00 44,398,000.00 11,889,000.00
(z) Fees Due Servicer
Monthly Servicing Fee Original Balance Rate 6.6200%
Section 8.06 Reimbursement Amount 30,877,655.00 6.9700% 0.3500%
Section 6.02 Reimbursement Amount 55,000,000.00 6.7400% 0.1200%
Reimburseable Fees 50,000,000.00 7.3800%
34,000,000.00 7.5500%
Total Fees Due Servicer 44,398,000.00 7.9050%
11,889,000.00 8.1950%
10,581,000.00 8.5850%
10,581,000.00 9.0000%
17,194,404.00 9.0000%
<CAPTION>
Information for Clauses (v) through (ap) Section 7.01 - GROUP 1
Class M-1 Class B-1 Class B-2
<S> <C> <C> <C>
(v) Class II A and Class II B Distribution Amounts 75,698.24 79,357.50 128,958.03
(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 0.00 0.00
(x) Interest Distribution 75,698.24 79,357.50 128,958.03
Unpaid Interest Shortfall 0.00 0.00 0.00
------------- ------------- -------------
Total Interest Distribution 75,698.24 79,357.50 128,958.03
(y) Beginning Class I A and Class I B Principal Balance 10,581,000.00 10,581,000.00 17,194,404.00
Less: Principal Distribution 0.00 0.00 0.00
------------- ------------- -------------
Remaining Class A and Class B Principal Balance 10,581,000.00 10,581,000.00 17,194,404.00
(z) Fees Due Servicer
Monthly Servicing Fee Libor
Section 8.06 Reimbursement Amount Spread - Class A ARM
Section 6.02 Reimbursement Amount Spread - Class A-1
Reimburseable Fees
Total Fees Due Servicer
<CAPTION>
Information for Clauses (v) through (ap) Section 7.01 - GROUP 1
<S> <C> <C> <C> <C> <C>
(v) Class II A and Class II B Distribution Amounts
(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
(x) Interest Distribution 1,325,573.54
Unpaid Interest Shortfall
Total Interest Distribution When
262,063,360.58
(y) Beginning Class I A and Class I B Principal Balance is less than
Less: Principal Distribution 2,457,698.42 264,521,059.00
X
Remaining Class A and Class B Principal Balance 0.10
26,452,105.90
(z) Fees Due Servicer We can prepaid
Monthly Servicing Fee Rate
Section 8.06 Reimbursement Amount Class A 6.9700% 30,877,655 2,152,173
Section 6.02 Reimbursement Amount Class A-1 6.7400% 55,000,000 3,707,000
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 7.91%
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
-----------------------
264,521,059 20,008,303
</TABLE>
<PAGE> 5
Chase Bank, Trustee Determination Date: 01-Sep-00
Manufactured Housing Contracts Remittance Date: 07-Sep-00
Senior/Subordinated Pass-Through For the Period Ended: 25-Aug-00
Certificates Series 2000C Lock-Out Date: Sep-05
<TABLE>
<CAPTION>
Unpaid Unpaid
No. of Principal Delinquency as of Calendar No. of Principal
(aa) Delinquency as of the Due Period Contracts Balance Month End Contracts Balance
<S> <C> <C> <C> <C> <C>
31-59 Days Delinquent 100 3,989,284 31-59 Days Delinquent 75 2,739,056
60-89 Days Delinquent 19 658,717 60-89 Days Delinquent 16 577,172
90+ Days Delinquent 0 0 90+ Days Delinquent 0 0
3-Month Avg Thirty-Day Delinquency Ratio n/a 3-Month Avg Thirty-Day Delinquency Ratio n/a
3-Month Avg Sixty-Day Delinquency Ratio n/a 3-Month Avg Sixty-Day Delinquency Ratio n/a
(ab) Section 3.05 Repurchases 0.00
(ad) Class R Distribution Amount 418,724.05
Reposession Profits 0.00
(ae) Principal Balance of Contracts in Repossession 23,064.20
(af) Aggregate Net Liquidation Losses 0.00
(ag) (x) Class B-2 Formula Distribution Amount 128,958.03
(y) Remaining Amount Available 418,724.05
----------
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 0 0.00
(al) Principal Prepayments paid 136,646.81
(am) Scheduled Principal Payments 43,893.92
(an) Weighted Average Interest Rate 11.01%
</TABLE>
<PAGE> 6
Chase Bank, Trustee Determination Date: 01-Sep-00
Manufactured Housing Contracts Remittance Date: 07-Sep-00
Senior/Subordinated Pass-Through For the Period Ended: 25-Aug-00
Certificates Series 2000C Lock-Out Date: Sep-05
<TABLE>
<CAPTION>
Computation of Available Distribution Amount
<S> <C>
(i) Certificate Account Balance at Monthly Cutoff-Vanderbilt 4,465,460.00
Certificate Account Balance at Monthly Cutoff-SubServicer-21st 187,102.80
(ii) Monthly Advance made 0.00
(iii)Section 5.05 Certificate Fund Income-Vanderbilt 0.00
(iii)Section 5.05 Certificate Fund Income-SubServicer-21st 0.00
(v) Principal due Holders 0.00
Less:
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-Vanderbilt 168,040.65
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-SubServicer-21st 6,983.37
(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 275,542.77
(iv) Reimburseable Liquidation Expenses 0.00
(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 275,542.77
Available Distrubution Amount 4,201,996.01
To Class A and B - Scheduled Principal and Interest 3,783,271.96
Monthly Excess Cashflow Class I 418,724.05
Accelerated Principal Payment 0.00
Weighted Average Remaining Term (months) 242.00
Scheduled Balance Computation
Prior Month Balance 264,521,059.00
Current Balance - Class A ARM 30,699,699.98
Adv Principal - Class A ARM 1,418.12
Del Principal - Class A ARM 4,003.83
Current Balance - Fixed 231,384,832.06
Adv Principal - Fixed 27,410.66
Del Principal - Fixed 45,996.41
Pool Scheduled Balance 262,063,360.58
Principal Payments in Full - Class A ARM 130,177.18
Partial Prepayments - Class A ARM 6,469.63
Principal Payments in Full - Fixed 1,820,596.67
Partial Prepayments - Fixed 97,586.29
Scheduled Principal - Class A ARM 43,893.92
Scheduled Principal - Fixed 358,974.73
Collateral Balance 30,699,699.98
Overcollateralization Amount 0
Required Overcollateralization Amount 0
</TABLE>
