SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 26, 2000
DLJ MORTGAGE ACCEPTANCE CORP., (as depositor under the Pooling and Servicing
Agreement, dated June 1, 2000, providing for the issuance of the DLJ ABS Trust
Series 2000-2 Mortgage Pass-Through Certificates, Series 2000-2).
DLJ MORTGAGE ACCEPTANCE CORP.
(Exact name of registrant as specified in its charter)
Delaware 333-75921-06 13-3460894
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
c/o Donaldson Lufkin & Jenrette
277 Park Avenue, 9th Floor
New York, New York 10172
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code : (212) 839-3000
N/A
(Former name or former address, if changed since last report.)
<PAGE>
Item 5. Other Events.
This report and the attached exhibit are being filed pursuant to
"no-action" positions taken by the Securities and Exchange Commission with
respect to alternative means of satisfying the Registrant's reporting
obligations under the Securities Exchange Act of 1934, as amended, with respect
to the Registrant's DLJ ABS Trust 2000-2 Mortgage Pass-Through Certificates,
Series 2000-2 (the "Certificates"). The Certificates were issued, and this
report and exhibit is being filed, pursuant to the terms of the Pooling and
Servicing Agreement, dated as of June 1, 2000 (the "Agreement"), among DLJ
Mortgage Acceptance Corp, as the depositor (the "Depositor"), PNC Mortgage
Securities Corp., as a seller and servicer (a "Seller and Servicer"), DLJ
Mortgage Capital, Inc., as a seller (a "Seller"), Greenpoint Mortgage Funding,
Inc., as a seller (a "Seller"), Calmco Servicing, L.P., as a servicer and
special servicer (a "Servicer and Special Servicer"), Countrywide Home Loans,
Inc., as a servicer (a "Servicer"), Downey Savings and Loan Association, F.A.,
as a servicer (a "Servicer") and The Chase Manhattan Bank as the trustee (the
"Trustee").
On December 26, 2000, distribution was made to the Certificateholders.
Specific information with respect to this distribution is filed as Exhibit 99.1.
No other reportable transactions or matters have occurred during the current
reporting period.
Item 7. Financial Statements and Exhibits.
(a) Not applicable
(b) Not applicable
(c) The following exhibit is filed as part of this report:
Statement to Certificateholders on December 26, 2000,
as Exhibit 99.1.
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE CHASE MANHATTAN BANK,
not in its individual capacity but solely
as Trustee under the Agreement referred
to herein
Date: December 27, 2000 By: /s/ Thomas M. Britt
Thomas M. Britt
Trust Officer
<PAGE>
INDEX TO EXHIBITS
Exhibit
Number Description of Exhibits
99.1 Statement to Certificateholders on December 26, 2000
<PAGE>
Exhibit 99.1
Monthly Certificateholder Statement on December 26, 2000
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<S> <C> <C>
DLJ ABS TRUST 2000-2
STATEMENT TO CERTIFICATEHOLDERS
December 26, 2000
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DISTRIBUTION IN DOLLARS
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ORIGINAL BEGINNING ENDING
FACE PRINCIPAL REALIZED DEFFERED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE
-----------------------------------------------------------------------------------------------------------------------------------
A1 100,000,000.00 91,951,765.58 4,004,548.95 516,098.44 4,520,647.39 0.00 0.00 87,947,216.63
A2 60,402,000.00 55,540,705.46 2,418,827.65 313,523.43 2,732,351.08 0.00 0.00 53,121,877.81
M1 12,889,000.00 12,889,000.00 0.00 75,457.04 75,457.04 0.00 0.00 12,889,000.00
M2 8,593,000.00 8,593,000.00 0.00 53,421.61 53,421.61 0.00 0.00 8,593,000.00
B 8,116,000.00 8,116,000.00 0.00 58,301.62 58,301.62 0.00 0.00 8,116,000.00
R 50.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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TOTALS 190,000,050.00 177,090,471.04 6,423,376.60 1,016,802.14 7,440,178.74 0.00 0.00 170,667,094.44
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P 0.00 190,000,000.00 0.00 36,806.95 36,806.95 0.00 0.00 190,000,000.00
X 190,000,000.00 190,000,000.00 0.00 0.00 0.00 0.00 0.00 190,000,000.00
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FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE PASS-THROUGH RATES
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PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL PASS-THRU
CLASS CUSIP FACTOR PRINCIPAL INTEREST TOTAL FACTOR CLASS RATE
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A1 23321P6P8 919.51765580 40.04548950 5.16098440 45.20647390 879.47216630 A1 6.967500 %
A2 23321P6Q6 919.51765604 40.04548939 5.19061339 45.23610278 879.47216665 A2 7.007500 %
M1 23321P6R4 1,000.00000000 0.00000000 5.85437505 5.85437505 1,000.00000000 M1 7.267500 %
M2 23321P6S2 1,000.00000000 0.00000000 6.21687536 6.21687536 1,000.00000000 M2 7.717500 %
B 23321P6T0 1,000.00000000 0.00000000 7.18354115 7.18354115 1,000.00000000 B 8.917500 %
R 23321P6U7 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 7.007500 %
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TOTALS 932.05486546 33.80723637 5.35158880 39.15882517 898.24762909
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X 23321P6W3 1,000.00000000 0.00000000 0.00000000 0.00000000 1,000.00000000 X 0.000000 %
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If there are any questions or problems with this statement, please contact the Administrator listed below:
THOMAS BRITT
THE CHASE MANHATTAN BANK - STRUCTURED FINANCE SERVICES
450 WEST 33RD STREET, 14TH FLOOR
NEW YORK, NEW YORK 10001
TEL: 212/946-3228 / FAX: 212/946-8302
EMAIL: [email protected]
<PAGE>
DLJ ABS TRUST 2000-2
STATEMENT TO CERTIFICATEHOLDERS
December 26, 2000
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Sec. 4.05 (i) Scheduled Principal 103,753.00
Curtailments 13,080.38
Payoffs 5,864,183.18
Principal Adjustments 47,540.26
Sec. 4.05 (ii) Scheduled Interest Amount 1,493,538.75
Class A1 Carryforward Interest Amount 0.00
Class A2 Carryforward Interest Amount 0.00
Class M1 Carryforward Interest Amount 0.00
Class M2 Carryforward Interest Amount 0.00
Class B Carryforward Interest Amount 0.00
Class R Carryforward Interest Amount 0.00
Sec. 4.05 (iii) Class A1 Basis Risk Shortfall 0.00
Class A2 Basis Risk Shortfall 0.00
Class M1 Basis Risk Shortfall 0.00
Class M2 Basis Risk Shortfall 0.00
Class B Basis Risk Shortfall 0.00
Class R Basis Risk Shortfall 0.00
Sec. 4.05 (iv) Beginning Aggregate Collateral Balance 178,954,708.96
Ending Aggregate Collateral Balance 172,926,832.20
Sec. 4.05 (v) Aggregate Loan Balance 172,926,832.20
Targeted Overcollateralization Amount 3,341,708.54
Overcollateralization Amount 1,864,917.98
Overcollateralization Release Amount 0.00
Sec. 4.05 (vi) Servicing Fee (Including Excess Servicing Fee) 77,671.17
Sec. 4.05 (viii) Advances for current month 0.00
Aggregate Advances Outstanding 0.00
Sec. 4.05 (ix) Delinquency Listing
GROUP TOTALS
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PERIOD NUMBER PRINCIPAL PERCENTAGE
BALANCE
---------------------------------------------------------------
0-30 days 127 12,900,536.06 7.46 %
31-60 days 40 3,317,834.99 1.92 %
61-90 days 11 1,186,253.10 0.69 %
91+days 13 1,320,756.66 0.76 %
Total 191 18,725,380.81 10.83 %
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Loans in Foreclosure
GROUP TOTALS
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NUMBER PRINCIPAL PERCENTAGE
BALANCE
---------------------------------------------------------------
24 2,746,777.97 1.59 %
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<PAGE>
DLJ ABS TRUST 2000-2
STATEMENT TO CERTIFICATEHOLDERS
December 26, 2000
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Loans in Bankruptcy
GROUP 1
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NUMBER PRINCIPAL PERCENTAGE
BALANCE
---------------------------------------------------------------
0 0.00 0.00%
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GROUP 2
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NUMBER PRINCIPAL PERCENTAGE
BALANCE
---------------------------------------------------------------
0 0.00 0.00%
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Sec. 4.05 (x) Number of Prepayment Penalties 0
Balance of Prepayment Penalties 36,806.95
Sec. 4.05 (xi) Rolling Three Month Dellnquency Rate 0.02%
(If there's a Cumulative Loss Event, Cumulative Loss Event = 1, otherwise, 0) 0
Sec. 4.05 (xiii) Total Number of REO Loans 0
Total Balance of REO Loans 0.00
Sec. 4.05 (xiv) Current Realized Losses 0.00
Cumulative Realized Losses 0.00
Sec. 4.05 (xv) Pre-funding Account 0.00
Sec. 4.05 (xvi) Capitalized Interest Amount 0.00
Sec. 4.05 (xvii) Weighted Average Term to Maturity of Mortgage Loans 339.00
(c) copyright 2000, Chase Manhattan Corporation
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