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): October 25, 2000
DLJ MORTGAGE ACCEPTANCE CORP., (as depositor under the Pooling and
Servicing Agreement, dated September 1, 2000, providing for the issuance of the
DLJ Mortgage Pass-Through Certificates, Series 2000-S4).
DLJ MORTGAGE ACCEPTANCE CORP.
(Exact name of registrant as specified in its charter)
Delaware 333-75921 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 Mortgage Pass-Through Certificates, Series 2000-S4 (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 September 1, 2000 (the "Agreement"), among DLJ Mortgage Acceptance Corp,
as the depositor (the "Depositor"), DLJ Mortgage Capital, Inc., as the seller
(the "Seller"), Wilshire Credit Corporation as the servicer (the "Servicer") and
The Chase Manhattan Bank as the trustee (the "Trustee").
On October 25, 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 October 25, 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 11, 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 October 25, 2000
<PAGE>
Exhibit 99.1
Monthly Certificateholder Statement on October 25, 2000
<TABLE>
<S> <C> <C>
DLJ MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2000-S4
STATEMENT TO CERTIFICATEHOLDERS
October 25, 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
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IA1 92,058,319.00 92,058,319.00 1,222,775.54 635,202.40 1,857,977.94 0.00 0.00 90,835,543.46
IP 544,399.00 544,399.00 6,666.16 0.00 6,666.16 0.00 0.00 537,732.84
IIA1 57,301,561.00 57,301,561.00 532,797.68 345,241.91 878,039.59 0.00 0.00 56,768,763.32
IIIA1 38,506,827.00 38,506,827.00 834,929.16 248,048.14 1,082,977.30 0.00 0.00 37,671,897.84
AR1 100.00 100.00 100.00 0.82 100.82 0.00 0.00 0.00
AR2 100.00 100.00 100.00 0.82 100.82 0.00 0.00 0.00
AR3 100.00 100.00 100.00 0.82 100.82 0.00 0.00 0.00
B1 12,701,891.00 12,701,891.00 0.00 87,325.50 87,325.50 0.00 0.00 12,701,891.00
B2 8,467,931.00 8,467,931.00 0.00 61,745.33 61,745.33 0.00 0.00 8,467,931.00
AS 2,116,984.00 2,116,984.00 0.00 17,281.78 17,281.78 0.00 0.00 2,116,984.00
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TOTALS 211,698,212.00 211,698,212.00 2,597,468.54 1,394,847.52 3,992,316.06 0.00 0.00 209,100,743.46
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XI 14,379,750.00 14,379,750.00 0.00 99,220.28 99,220.28 0.00 0.00 14,379,750.00
IIA2 57,301,561.00 57,301,561.00 0.00 116,035.66 116,035.66 0.00 0.00 57,301,561.00
XII 57,301,561.00 57,301,561.00 0.00 7,640.21 7,640.21 0.00 0.00 57,301,561.00
IIIA2 38,506,827.00 38,506,827.00 0.00 72,842.08 72,842.08 0.00 0.00 38,506,827.00
XIII 38,506,827.00 38,506,827.00 0.00 5,776.02 5,776.02 0.00 0.00 38,506,827.00
XB1 12,701,891.00 12,701,891.00 0.00 16,300.76 16,300.76 0.00 0.00 12,701,891.00
XB2 8,467,931.00 8,467,931.00 0.00 7,338.87 7,338.87 0.00 0.00 8,467,931.00
AS1 1,040,481.00 1,040,481.00 0.00 8,304.50 8,304.50 0.00 0.00 1,040,481.00
AS2 643,842.00 643,842.00 0.00 5,291.54 5,291.54 0.00 0.00 643,842.00
AS3 432,661.00 432,661.00 0.00 3,685.73 3,685.73 0.00 0.00 432,661.00
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FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE PASS-THROUGH RATES
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CURRENT
BEGINNING ENDING PASS-THRU
CLASS PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL CLASS RATE
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IA1 1,000.00000000 13.28261860 6.89999999 20.18261859 986.71738140 IA1 8.280000%
IP 1,000.00000000 12.24498943 0.00000000 12.24498943 987.75501057 IP 0.000000%
IIA1 1,000.00000000 9.29813553 6.02500009 15.32313561 990.70186447 IIA1 7.230000%
IIIA1 1,000.00000000 21.68262682 6.44166656 28.12429339 978.31737318 IIIA1 7.730000%
AR1 1,000.00000000 1,000.00000000 8.20000000 1,008.20000000 0.00000000 AR1 9.862434%
AR2 1,000.00000000 1,000.00000000 8.20000000 1,008.20000000 0.00000000 AR2 9.862434%
AR3 1,000.00000000 1,000.00000000 8.20000000 1,008.20000000 0.00000000 AR3 9.862434%
B1 1,000.00000000 0.00000000 6.87499995 6.87499995 1,000.00000000 B1 8.250000%
B2 1,000.00000000 0.00000000 7.29166664 7.29166664 1,000.00000000 B2 8.750000%
AS 1,000.00000000 0.00000000 8.16339661 8.16339661 1,000.00000000 AS1 9.577690%
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TOTALS 1,000.00000000 12.26967633 6.58884885 18.85852517 987.73032367 AS2 9.862434%
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XI 1,000.00000000 0.00000000 6.90000035 6.90000035 1,000.00000000 AS3 10.222500%
IIA2 1,000.00000000 0.00000000 2.02499998 2.02499998 1,000.00000000 AS 9.480071%
XII 1,000.00000000 0.00000000 0.13333337 0.13333337 1,000.00000000 XI 8.280000%
IIIA2 1,000.00000000 0.00000000 1.89166664 1.89166664 1,000.00000000 IIA2 2.430000%
XIII 1,000.00000000 0.00000000 0.14999989 0.14999989 1,000.00000000 XII 0.160000%
XB1 1,000.00000000 0.00000000 1.28333332 1.28333332 1,000.00000000 IIIA2 2.270000%
XB2 1,000.00000000 0.00000000 0.86666625 0.86666625 1,000.00000000 XIII 0.180000%
AS1 1,000.00000000 0.00000000 7.98140475 7.98140475 1,000.00000000 XB1 1.540000%
AS2 1,000.00000000 0.00000000 8.21869341 8.21869341 1,000.00000000 XB2 1.040000%
AS3 1,000.00000000 0.00000000 8.51874793 8.51874793 1,000.00000000
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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 MORTGAGE PASS THROUGH CERTIFICATES SERIES 2000-S4
STATEMENT TO CERTIFICATEHOLDERS
October 25, 2000
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Sec. 4.06(i) Principal Prepayments
Group 1 Principal Prepayments 1,060,595.27
Group 2 Principal Prepayments 455,890.00
Group 2 Principal Prepayments 796,771.94
Liquidation Proceeds
Group 1 Liquidation Proceeds 0.00
Group 2 Liquidation Proceeds 0.00
Group 2 Liquidation Proceeds 0.00
Sec. 4.06(ii) Class Unpaid Interest Shortfall
Class AR2 Unpaid Interest Shortfall 0.00
Class IA1 Unpaid Interest Shortfall 0.00
Class AR3 Unpaid Interest Shortfall 0.00
Class B1 Unpaid Interest Shortfall 0.00
Class XB1 Unpaid Interest Shortfall 0.00
Class B2 Unpaid Interest Shortfall 0.00
Class XB2 Unpaid Interest Shortfall 0.00
Class AS1 Unpaid Interest Shortfall 0.00
Class AS2 Unpaid Interest Shortfall 0.00
Class AS3 Unpaid Interest Shortfall 0.00
Class XI Unpaid Interest Shortfall 0.00
Class IIA1 Unpaid Interest Shortfall 0.00
Class IIA2 Unpaid Interest Shortfall 0.00
Class XII Unpaid Interest Shortfall 0.00
Class IIIA1 Unpaid Interest Shortfall 0.00
Class IIIA2 Unpaid Interest Shortfall 0.00
Class XIII Unpaid Interest Shortfall 0.00
Class AR1 Unpaid Interest Shortfall 0.00
Sec. 4.06(v) Stated Principal Balance
Group 1 Mortgage Loan Stated Principal Balance 102,985,102.80
Group 2 Mortgage Loan Stated Principal Balance 63,897,496.17
Group 3 Mortgage Loan Stated Principal Balance 42,457,114.36
Sec. 4.06(vi) Senior Percentage
Group1 Senior Percentage 90.88 %
Group2 Senior Percentage 90.69 %
Group3 Senior Percentage 91.71 %
Subordinate Percentage
Group1 Subordindate Percentage 9.12 %
Group2 Subordinate Percentage 9.31 %
Group3 Subordinate Percentage 8.29 %
<PAGE>
DLJ MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2000-S4
STATEMENT TO CERTIFICATEHOLDERS
October 25, 2000
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Sec. 4.06(vii) Servicing Fees
Group1 Servicing Fee 63,892.04
Group2 Servicing Fee 27,651.46
Group3 Servicing Fee 45,624.41
Sec. 4.06(ix) Advances
Group1 Advances 823,792.64
Group2 Advances 535,503.63
Group3 Advances 353,312.89
Sec. 4.06(x) Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency
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GROUP 1
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Category Number Principal Balance Percentage
----------------------------------------------------------------------
1 Month 207 6,917,953.20 6.72 %
2 Months 0 0.00 0.00 %
3+Months 2 61,555.47 0.06 %
Total 209 6,979,508.67 6.78 %
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----------------------------------------------------------------------
GROUP 2
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Category Number Principal Balance Percentage
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1 Month 32 1,747,180.25 2.73 %
2 Months 1 94,181.57 0.15 %
3+Months 0 0.00 0.00 %
Total 33 1,841,361.82 2.88 %
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----------------------------------------------------------------------
GROUP 3
----------------------------------------------------------------------
Category Number Principal Balance Percentage
----------------------------------------------------------------------
1 Month 27 1,547,589.73 3.65 %
2 Months 1 44,965.08 0.11 %
3+Months 1 31,633.71 0.07 %
Total 29 1,624,188.52 3.83 %
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----------------------------------------------------------------------
GROUP TOTALS
----------------------------------------------------------------------
Category Number Principal Balance Percentage
----------------------------------------------------------------------
1 Month 266 10,212,723.18 4.88 %
2 Months 2 139,146.65 0.07 %
3+Months 3 93,189.18 0.04 %
Total 271 10,445,059.01 4.99 %
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<PAGE>
DLJ MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2000-S4
STATEMENT TO CERTIFICATEHOLDERS
October 25, 2000
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Number of Aggregate Principal Amounts of Mortgage Loans in Foreclosure
---------------------------------------------------------------
GROUP 1
---------------------------------------------------------------
Number Principal Balance Percentage
---------------------------------------------------------------
0 0.00 0.00%
---------------------------------------------------------------
---------------------------------------------------------------
GROUP 2
---------------------------------------------------------------
Number Principal Balance Percentage
---------------------------------------------------------------
0 0.00 0.00%
---------------------------------------------------------------
---------------------------------------------------------------
GROUP 3
---------------------------------------------------------------
Number Principal Balance Percentage
---------------------------------------------------------------
0 0.00 0.00%
---------------------------------------------------------------
---------------------------------------------------------------
GROUP TOTALS
---------------------------------------------------------------
Number Principal Balance Percentage
---------------------------------------------------------------
0 0.00 0.00%
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Sec. 4.06(xii) Number and Aggregate Principal Amounts of REO Loans
---------------------------------------------------------------
GROUP 1
---------------------------------------------------------------
Number Principal Balance Percentage
---------------------------------------------------------------
0 0.00 0.00%
---------------------------------------------------------------
---------------------------------------------------------------
GROUP 2
---------------------------------------------------------------
Number Principal Balance Percentage
---------------------------------------------------------------
0 0.00 0.00%
---------------------------------------------------------------
---------------------------------------------------------------
GROUP 3
---------------------------------------------------------------
Number Principal Balance Percentage
---------------------------------------------------------------
0 0.00 0.00%
---------------------------------------------------------------
---------------------------------------------------------------
GROUP TOTALS
---------------------------------------------------------------
Number Principal Balance Percentage
---------------------------------------------------------------
0 0.00 0.00%
---------------------------------------------------------------
<PAGE>
DLJ MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2000-S4
STATEMENT TO CERTIFICATEHOLDERS
October 25, 2000
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Sec. 4.06(xiv) Senior Prepayment Percentage
Group I Senior Prepayment Percentage 100.00 %
Group II Senior Prepayment Percentage 100.00 %
Group III Senior Prepayment Percentage 100.00 %
Sec. 4.06(xv) Subordinate Prepayment Percentage
Group I Subordinate Prepayment Percentage 0.00 %
Group II Subordinate Prepayment Percentage 0.00 %
Group III Subordinate Prepayment Percentage 0.00 %
Sec. 4.06(xvi) Current Realized Losses
Group1 Current Realized Losses 0.00
Group2 Current Realized Losses 0.00
Group3 Current Realized Losses 0.00
Cumulative Realized Losses
Group1 Cumulative Realized Losses 0.00
Group2 Cumulative Realized Losses 0.00
Group3 Cumulative Realized Losses 0.00
Sec. 4.6(xvii) Special Hazard Coverage Amount 2,093,397.13
Bankruptcy Loss Coverage Amount 100,000.00
(c) copyright 2000, Chase Manhattan Corporation
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