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Previous: VANDERBILT MORT & FIN INC SEN SUB PASS THR CERT SER 2000-D, 8-K, 2000-12-19 |
Next: SALOMON BROTHERS COMMERCIAL MORT TR 2000-C3, 424B5, 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 2000 D For the Period Ended: 25-Nov-00
Lock-Out Date: Dec-05
<TABLE>
<CAPTION>
Information for Clauses (a) through (s), Section 7.01 -
Class I A-1 Class I A-2 Class I A-3 Class I A-4
<S> <C> <C> <C> <C>
(a) Class I A and Class I B Distribution Amounts 3,161,358.09 354,562.50 261,762.50 393,420.00
(b) Formula Principal Distribution Amount
(a) Scheduled Principal Due 373,809.97
(b) Partial Prepayments Received 369,161.91
(c) Principal Payments in Full (Scheduled Balance) 2,055,086.21
(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
------------- ------------- ------------- -------------
Total Principal Distribution 2,798,058.09 0.00 0.00 0.00
(c) Interest Distribution 363,300.00 354,562.50 261,762.50 393,420.00
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------- ------------- -------------
Total Interest Distribution 363,300.00 354,562.50 261,762.50 393,420.00
(d) Beginning Class I A and Class I B Principal Balance 63,000,000.00 61,000,000.00 43,000,000.00 61,193,000.00
Less: Principal Distribution 2,798,058.09 0.00 0.00 0.00
------------- ------------- ------------- -------------
Remaining Class A and Class B Principal Balance 60,201,941.91 61,000,000.00 43,000,000.00 61,193,000.00
(e) Fees Due Servicer
Monthly Servicing Fee 258,327.69 (h) Pool Factor
Section 8.06 Reimbursement Amount 0.00 Class I A-1 0.95558638
Section 6.02 Reimbursement Amount 0.00 Class I A-2 1.00000000
Reimburseable Fees 0.00 Class I A-3 1.00000000
Class I A-4 1.00000000
Total Fees Due Servicer 258,327.69 Class I A-5 1.00000000
Class I M-1 1.00000000
Class I B-1 1.00000000
Class I B-2 1.00000000
<CAPTION>
Information for Clauses (a) through (s), Section 7.01 -
Class I A-5 Class I M-1 Class I B-1 Class I B-2
<S> <C> <C> <C> <C>
(a) Class I A and Class I B Distribution Amounts 83,904.10 76,903.57 82,423.18 121,170.08
(b) 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)
------------- ------------- ------------- -------------
Total Principal Distribution 0.00 0.00 0.00 0.00
(c) Interest Distribution 83,904.10 76,903.57 82,423.18 121,170.08
Unpaid Interest Shortfall 0.00 0.00 0.00 0.00
------------- ------------- ------------- -------------
Total Interest Distribution 83,904.10 76,903.57 82,423.18 121,170.08
(d) Beginning Class I A and Class I B Principal Balance 12,523,000.00 11,132,000.00 11,132,000.00 15,305,694.00
Less: Principal Distribution 0.00 0.00 0.00 0.00
------------- ------------- ------------- -------------
Remaining Class A and Class B Principal Balance 12,523,000.00 11,132,000.00 11,132,000.00 15,305,694.00
(e) Fees Due Servicer
Monthly Servicing Fee Original Balance Rate
Section 8.06 Reimbursement Amount 63,000,000.00 6.9200%
Section 6.02 Reimbursement Amount 61,000,000.00 6.9750%
Reimburseable Fees 43,000,000.00 7.3050%
61,193,000.00 7.7150%
Total Fees Due Servicer 12,523,000.00 8.0400%
11,132,000.00 8.2900%
11,132,000.00 8.8850%
15,305,694.00 9.5000%
<CAPTION>
Information for Clauses (a) through (s), Section 7.01 -
<S> <C> <C> <C> <C> <C>
(a) Class I A and Class I B Distribution Amounts
(b) 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 Amt Percent Interest
(f) Previously Undistributed Shortfalls in (a)
through (e) Total B-2 15,305,694.00 100.00% 121,170.08
VMF Owned 10,000,000.00 65.34% 79,166.67
Total Principal Distribution B-2 Securitized 5,305,694.00 34.66% 2,003.41
1,737,445.93
(c) Interest Distribution 1,737,445.93
Unpaid Interest Shortfall
Total Interest Distribution
When
(d) Beginning Class I A and Class I B Principal
Balance 275,487,635.91
Less: Principal Distribution 2,798,058.09 is less than
278,285,694.00
Remaining Class A and Class B Principal Balance 0.10
27,828,569.40
(e) Fees Due Servicer We can prepay
Monthly Servicing Fee Rate
Section 8.06 Reimbursement Amount Class A-1 6.920% 63,000,000.00 4,359,600
Section 6.02 Reimbursement Amount Class A-2 6.975% 61,000,000.00 4,254,750
Reimburseable Fees Class A-3 7.305% 43,000,000.00 3,141,150
Class A-4 7.715% 61,193,000.00 4,721,040
Total Fees Due Servicer Class A-5 8.040% 12,523,000.00 1,006,849
Class A-6 8.290% 11,132,000.00 922,843
Class B-1 8.885% 11,132,000.00 989,078
Class B-2 9.500% 15,305,694.00 1,454,041
278,285,694.00 20,849,351 7.49%
</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 2000 D For the Period Ended: 25-Nov-00
Lock-Out Date: Dec-05
<TABLE>
<CAPTION>
Unpaid Unpaid
No. of Principal Delinquency as of No. of Principal
(f) Delinquency as of the Due Period Contracts Balance Calendar Month End Contracts Balance
<S> <C> <C> <C> <C> <C>
31-59 Days Delinquent 85 3,321,483 31-59 Days Delinquent 60 2,368,219
60-89 Days Delinquent 12 443,706 60-89 Days Delinquent 11 428,163
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
(g) Section 3.05 Repurchases 0.00
(i) Class R Distribution Amount 0.00 Acquisition Loss Amount
Reposession Profits 0.00
Current Month Acquisition Loss Amount 0
(j) Principal Balance of Contracts in Repossession 171,630.61 Cumulative Acquisition Loss Amount 0
(k) Aggregate Net Liquidation Losses 0.00
(l) (x) Class B-2 Formula Distribution Amount 121,170.08
(y) Remaining Amount Available 121,170.08
Amount of (x) over (y) 0.00
(m) Class B-2 Liquidation Loss Amount 0.00
(n) Guarantee Payment 0.00
(o) Unadvanced Shortfalls 0.00
No. $
(p) Units repossessed 0 0.00
(q) Principal Prepayments paid 2,424,248.12
(r) Scheduled Principal Payments 373,809.97
(s) Weighted Average Interest Rate 11.56%
</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 2000 D For the Period Ended: 25-Nov-00
Lock-Out Date: Dec-05
<TABLE>
<CAPTION>
Computation of Available Distribution Amount
<S> <C>
(i) Certificate Account Balance at Monthly Cutoff-Vanderbilt 4,446,914.41
Certificate Account Balance at Monthly Cutoff-SubServicer-21st 537,659.43
(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 170,910.98
(i) Scheduled Payments of principal and interest
due subsequent to the Due Period-SubServicer-21st 19,831.15
(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 258,327.69
(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-21st 0.00
Total Due Servicer 258,327.69
Available Distrubution Amount-Vanderbilt 4,017,675.74
Available Distrubution Amount-SubServicer-21st 517,828.28
To Class A and B 4,535,504.02
Monthly Excess Cashflow (0.00)
Weighted Average Remaining Term (months) 242.00
Scheduled Balance Computation
Prior Month Balance 278,285,694.00
Current Balance 275,529,405.64
Adv Principal 29,176.44
Del Principal 70,946.17
Pool Scheduled Balance 275,487,635.91
Principal Payments in Full 2,055,086.21
Partial Prepayments 369,161.91
Scheduled Principal 373,809.97
Collateral Balance 275,529,405.64
</TABLE>
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