<PAGE> 1
Chase Bank, Trustee Determination Date: 03-Nov-00
Manufactured Housing Contracts Remittance Date: 07-Nov-00
Senior/Subordinated Pass-Through
Certificates Series 2000C For the Period Ended: 25-Oct-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 398,558.16 2,760,899.58 307,500.00 213,916.67
(w) Formula Principal Distribution Amount
(a) Scheduled Principal Due 41,990.92 393,120.06
(b) Partial Prepayments Received 7,217.52 444,927.70
(c) Principal Payments in Full (Scheduled Balance) 184,130.51 1,657,693.27
(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 233,338.95 2,495,741.03 0.00 0.00
(x) Interest Distribution 165,219.21 265,158.55 307,500.00 213,916.67
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------- ------------- -------------
Total Interest Distribution 165,219.21 265,158.55 307,500.00 213,916.67
(y) Beginning Class I A and Class I B Principal Balance 30,477,001.35 50,581,325.85 50,000,000.00 34,000,000.00
Less: Principal Distribution 233,338.95 2,495,741.03 0.00 0.00
------------- ------------- ------------- -------------
Remaining Class A and Class B Principal Balance 30,243,662.40 48,085,584.75 50,000,000.00 34,000,000.00
(z) Fees Due Servicer
Monthly Servicing Fee 270,522.64 (ac) Pool Factor Original Balance
Section 8.06 Reimbursement Amount 0.00 Class A ARM 0.97946759 30,877,655.00
Section 6.02 Reimbursement Amount 22,000.00 Class A-1 0.87428336 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 292,522.64 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 Class B-2
<S> <C> <C> <C> <C> <C>
(v) Class II A and Class II B Distribution Amounts 292,471.83 81,191.96 75,698.24 79,357.50 128,958.03
(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 0.00 0.00
(x) Interest Distribution 292,471.83 81,191.96 75,698.24 79,357.50 128,958.03
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00 0.00
------------- ------------- ------------- ------------- -------------
Total Interest Distribution 292,471.83 81,191.96 75,698.24 79,357.50 128,958.03
(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 17,194,404.00
Less: Principal Distribution 0.00 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 17,194,404.00
(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
<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 1,609,471.99
Unpaid Interest Shortfall
Total Interest Distribution When
256,972,651.18
(y) Beginning Class I A and Class I B Principal Balance is less than
Less: Principal Distribution 2,729,079.98 264,521,059.00
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 ARM 6.9700% 30,477,001 2,124,247 6.97%
Section 6.02 Reimbursement Amount Class A-1 6.7400% 50,581,326 3,409,181
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 229,224,730 17,558,312 7.66%
Total 259,701,731 19,682,559
</TABLE>
<PAGE> 2
Chase Bank, Trustee Determination Date: 03-Nov-00
Manufactured Housing Contracts Remittance Date: 07-Nov-00
Senior/Subordinated Pass-Through
Certificates Series 2000C For the Period Ended: 25-Oct-00
Lock-Out Date: Sep-05
<TABLE>
<CAPTION>
Unpaid Unpaid
No. of Principal Delinquency as of No. of Principal
(aa) Delinquency as of the Due Period Contracts Balance Calendar End Contracts Balance
<S> <C> <C> <C> <C> <C> <C>
31-59 Days Delinquent 174 6,911,886 31-59 Days Delinquent 116 4,422,975
60-89 Days Delinquent 40 1,725,945 60-89 Days Delinquent 31 1,451,477
90+ Days Delinquent 13 597,474 90+ Days Delinquent 12 561,970
3-Month Avg Thirty-Day Delinquency Ratio 2.19% 3-Month Avg Thirty-Day
Delinquency Ratio 1.58%
3-Month Avg Sixty-Day Delinquency Ratio 0.53% 3-Month Avg Sixty-Day
Delinquency Ratio 0.56%
Acquisition Loss Amount
(ab) Section 3.05 Repurchases 0.00
Current Month Acquisition Loss
Amount 0
(ad) Class R Distribution Amount 244,918.87 Cumulative Acquisition Loss
Amount 0
Reposession Profits 0.00
(ae) Principal Balance of Contracts in Repossession 281,772.09
(af) Aggregate Net Liquidation Losses 0.00
(ag) (x) Class B-2 Formula Distribution Amount 128,958.03
(y) Remaining Amount Available 244,918.87
--------------
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 7 201,835.08
(al) Principal Prepayments paid 191,348.03
(am) Scheduled Principal Payments 41,990.92
(an) Weighted Average Interest Rate 11.00%
</TABLE>
<PAGE> 3
Chase Bank, Trustee Determination Date: 03-Nov-00
Manufactured Housing Contracts Remittance Date: 07-Nov-00
Senior/Subordinated Pass-Through
Certificates Series 2000C For the Period Ended: 25-Oct-00
Lock-Out Date: Sep-05
<TABLE>
<CAPTION>
Computation of Available Distribution Amount
<S> <C> <C>
(i) Certificate Account Balance at Monthly Cutoff-Vanderbilt 5,011,772.62
Certificate Account Balance at Monthly Cutoff-SubServicer-21st 170,769.01
(ii) Monthly Advance made 0.00
(iii) Section 5.05 Certificate Fund Income-Vanderbilt 19,237.04
(iii Section 5.05 Certificate Fund Income-SubServicer-21st 709.47
(v) Principal due Holders 0.00
Less:
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-Vanderbilt 155,016.18
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-SubServicer-21st 5,621.51
(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 270,522.64
(iv) Reimburseable Liquidation Expenses 22,000.00
(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 292,522.64
Available Distrubution Amount 4,583,470.84
Available Distrubution Amount-SubServicer-21st 165,856.97
To Class A and B - Scheduled Principal and Interest 4,338,551.97
Monthly Excess Cashflow Class I 244,918.87
Accelerated Principal Payment 0.00
Weighted Average Remaining Term (months) 243.00
Scheduled Balance Computation
Prior Month Balance 259,701,731.16
Current Balance - Class A ARM 30,250,388.92
Adv Principal - Class A ARM 1,640.74
Del Principal - Class A ARM 8,367.26
Current Balance - Fixed 226,773,412.12
Adv Principal - Fixed 27,232.36
Del Principal - Fixed 71,655.70
Pool Scheduled Balance 256,972,651.18
Principal Payments in Full - Class A ARM 184,130.51
Partial Prepayments - Class A ARM 7,217.52
Principal Payments in Full - Fixed 1,657,693.27
Partial Prepayments - Fixed 444,927.70
Scheduled Principal - Class A ARM 41,990.92
Scheduled Principal - Fixed 393,120.06
Collateral Balance 257,023,801.04
Overcollateralization Amount 0
Required Overcollateralization Amount 0
</TABLE>
