<PAGE>
Exhibit 10.1
<TABLE>
<CAPTION>
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RECONCILIATION REPORT
<S> <C> <C> <C>
ISSUE DATE : 00-Jan-00
DEAL NAME: GREENPOINT HOME EQUITY LOAN TRUST 2000-2 DISTRIBUTION DATE: 15-Dec-00
Home Equity Loan Asset-Backed Securities, Series 2000-2 DETERMINATION DATE 00-Jan-00
RUN DATE: 11-Dec-00
11:52:30 AM
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<TABLE>
<CAPTION>
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I. CASH RECONCILIATION
--------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
A. Cash Available for Distribution Group 1 Group 2 Total
------- ------- -----
Net Collections Interest Collections - per Servicer $ 2,387,574.32 $706,415.44 $ 3,093,989.76
Report
Principal Collections - per Servicer $11,328,998.14 $3,731,517.91 $15,060,516.05
Report
Residual Advance $ 0.00 $0.00 $ 0.00
Cash Released from Reserve Account $ 0.00 $0.00 $ 0.00
Additional Balances ($6,001,932.00) ($2,434,134.52) ($8,436,066.52)
---------------------- ------------------------------------------------
Total Deposit to Collection Account $7,714,640.46 $2,003,798.83 $9,718,439.29
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<TABLE>
<CAPTION>
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II. DISTRIBUTION SUMMARY AND RECONCILIATION
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A. Amounts Distributed:
<S> <C> <C> <C>
Section 5.01
Trustee Fee $2,004.79 $579.41 $2,584.20
Premium to Credit Enhancer $36,131.42 $10,474.37 $46,605.79
Freddie Mac Guarantee Fee $11,205.27 $0.00 $11,205.27
Investor Certificate Interest and Unpaid Investor $1,512,711.66 $443,376.77 $1,956,088.43
Certificate Interest
Reserve Fund Deposit / (Withdrawal) $0.00 $167,989.93 $167,989.93
Class A Investor Certificate Principal Distributed $6,152,587.32 $1,381,378.35 $7,533,965.67
Management Fee $0.00 $0.00 $0.00
Residual Payment $0.00 $0.00 $0.00
------------------------------------------------
Total Distributions $7,714,640.46 $2,003,798.83 $9,718,439.29
Difference (Remains in Collections
Account) $0.00 $0.00 $0.00
================================================
Balance
-------
Reconciliation
--------------
Loan Group Beginning Balance 267,305,097.70 77,254,075.98 $344,559,173.68
Loan Group Ending Balance 261,978,031.56 75,956,692.59 337,934,724.15
-----------------------------------------------
Change in Balance 5,327,066.14 1,297,383.39 $6,624,449.53
Principal Collections 11,328,998.14 3,731,517.91 $15,060,516.05
Liquidation Loss Amount 0.00 0.00 $0.00
Additional Balances 6,001,932.00 2,434,134.52 $8,436,066.52
-----------------------------------------------
Balance Check (0.00) 0.00 (0.00)
================================================
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<PAGE>
GREENPOINT HOME EQUITY LOAN TRUST
Home Equity Loan Asset-Backed Securities
Series 2000-2
Distribution Date: December 15, 2000
<TABLE>
<CAPTION>
Original Beginning Ending
Investor Investor Investor Investor
Certificate Certificate Certificate Investor Certificate
Principal Principal Principal Interest Distribution Loss Principal
Class Balance Balance Distribution Distribution Amount Amount Balance
----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 275,831,000.00 $268,926,516.49 $6,152,587.32 $1,512,711.66 $7,665,298.98 $0.00 $262,773,929.17
A-2 77,669,000.00 $77,558,618.71 $1,381,378.35 $443,376.77 $1,824,755.12 $0.00 $76,177,240.36
R $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
TOTAL $353,500,000.00 $346,485,135.20 $7,533,965.67 $1,956,088.43 $9,490,054.10 $0.00 $338,951,169.53
</TABLE>
AMOUNTS PER $1,000 UNIT
<TABLE>
<CAPTION>
Beginning Ending
Investor Investor Investor
Certificate Certificate Certificate
Principal Principal Interest Distribution Principal
Class CUSIP Balance Distribution Distribution Amount Balance
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<S> <C> <C> <C> <C> <C> <C>
A-1 395385AD9 / T029TPMT3 974.96842810 22.30564121 5.48419743 27.78983863 952.66278689
A-2 395385AE7 / T029TPMU0 998.57882437 17.78545306 5.70854228 23.49399533 980.79337132
</TABLE>
Investor Certificate Rates
Investor
Class Certificate Rate
A-1 6.75000%
A-2 6.86000%
Investor Certificate Rates based on a LIBOR of: 6.62000%
PLEASE DIRECT ANY QUESTIONS OR COMMENTS TO THE FOLLOWING
ADMINISTRATOR:
Steven Charles
Bank One, NA
1 Bank One Plaza
Chicago, IL 60670
<PAGE>
Information pursuant to Section 8.8 of the
Pooling Agreement dated Sept. 1, 2000
<TABLE>
<CAPTION>
Group 1 Group 2
-------------------------------------
<S> <C> <C>
(i) Unpaid Investor Certificate Interest Shortfall paid 0.00 0.00
Per $1000 of Original Investor Certificate Principal Balance 0.0000000 0.0000000
(ii) Remaining Unpaid Investor Certificate Interest Shortfall 0.00 0.00
Per $1000 of Original Investor Certificate Principal Balance 0.0000000 0.0000000
(iii) Servicing Fee 111,377.12 32,189.20
Gross Interest Collections 2,498,951.44 738,604.64
(iv) Original Pool Balance 272,350,187.97 77,615,878.87
Beginning Pool Balance 267,305,097.70 77,254,075.98
Loans Removed 0.00 0.00
Loans Added 0.00 0.00
Adjuated Beginning Pool Balance 267,305,097.70 77,254,075.98
Principal Collections 11,328,998.14 3,731,517.91
Additional Balances 6,001,932.00 2,434,134.52
Ending Pool Balance 261,978,031.56 75,956,692.59
(v) Delinquency Information
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<TABLE>
<CAPTION>
Group 1 Group 2
-----------------------------------------------------------------------------------
% of Group % of Group
Count Balance Bal Count Balance Bal
-----------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
30-59 days 57 3,229,437.11 1.232713% 9 836,990.09 1.101931%
60-89 days 9 455,032.44 0.173691% 1 189,279.60 0.249194%
90-119 days 2 73,700.00 0.028132% 0 0.00 0.000000%
120-149 days 0 0.00 0.000000% 0 0.00 0.000000%
150-179 days 0 0.00 0.000000% 0 0.00 0.000000%
180 days or more 0 0.00 0.000000% 0 0.00 0.000000%
Total 68 3,758,169.55 1.434536% 10 1,026,269.69 1.351125%
</TABLE>
(vi) Foreclosure, REO and Bankruptcy Information
<TABLE>
<CAPTION>
Group 1 Group 2
-----------------------------------------------------------------------------------
% of Group % of Group
Count Balance Bal Count Balance Bal
-----------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Foreclosure 1 78,120.83 0.029820% 1 700,000.00 0.921578%
REO 0 0.00 0.000000% 0 0.00 0.000000%
Bankruptcies 7 358,018.33 0.136660% 0 0.00 0.000000%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Group 1 Group 2
-----------------------------
<S> <C> <C>
(vii) Liquidation Loss Amount (Current Period) 0.00 0.00
Liquidation Loss Amount (Cumulative) 0.00 0.00
Cumulative Liquidation Loss:
Percentage of Original Balance 0.00% 0.00%
Percentage of Current Balance 0.00% 0.00%
(viii) Six Month Rolling Pool Delinquency Rate NA NA
(ix) Book Value of REO Properties 0.00 0.00
(x) Draws: Policy 0.00
Demand Note 0.00
(xi) Accelerated Principal Distribution Amount 825,521.18 83,994.96
(xii) Funds on deposit in the Reserve Fund (Beginning of Period) 220,762.58
Reserve Fund Deposit 167,989.93
Reserve Fund Withdrawal 0.00
Funds on deposit in the Reserve Fund (End of Period) 388,752.51
(xiii) Has an Event of Servicing Termination occurred? NO
Has an Insurer Default occurred? NO
(xiv) Has the Managed Amortization period ended and the Rapid Amortization
Period begun? NO
(xv) Specified Overcollateralization Amount 6,127,879.23 1,746,357.27
Overcollateralization Amount 0.00 0.00
</TABLE>
