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 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 333-75921-07 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 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 29, 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 MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2000-S4
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
-----------------------------------------------------------------------------------------------------------------------------------
IA1 92,058,319.00 89,555,748.37 1,838,209.38 617,934.66 2,456,144.04 0.00 0.00 87,717,538.99
IP 544,399.00 526,535.15 6,125.94 0.00 6,125.94 0.00 0.00 520,409.21
IIA1 57,301,561.00 55,121,683.37 1,027,592.42 331,533.96 1,359,126.38 0.00 0.00 54,094,090.95
IIIA1 38,506,827.00 37,016,118.07 954,141.35 238,059.91 1,192,201.26 0.00 0.00 36,061,976.72
AR1 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
AR2 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
AR3 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
B1 12,701,891.00 12,701,891.00 0.00 87,365.52 87,365.52 0.00 0.00 12,701,891.00
B2 8,467,931.00 8,467,931.00 0.00 61,772.01 61,772.01 0.00 0.00 8,467,931.00
AS 2,116,984.00 2,116,984.00 0.00 17,279.45 17,279.45 0.00 0.00 2,116,984.00
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TOTALS 211,698,212.00 205,506,890.96 3,826,069.09 1,353,945.51 5,180,014.60 0.00 0.00 201,680,821.87
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XI 14,379,750.00 14,030,970.79 0.00 96,813.70 96,813.70 0.00 0.00 13,715,108.95
IIA2 57,301,561.00 55,121,683.37 0.00 112,057.36 112,057.36 0.00 0.00 54,094,090.95
XII 57,301,561.00 55,121,683.37 0.00 8,824.68 8,824.68 0.00 0.00 54,094,090.95
IIIA2 38,506,827.00 37,016,118.07 0.00 70,567.99 70,567.99 0.00 0.00 36,061,976.72
XIII 38,506,827.00 37,016,118.07 0.00 5,552.42 5,552.42 0.00 0.00 36,061,976.72
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
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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 972.81537772 19.96787906 6.71242607 26.68030512 952.84749866 IA1 8.280000 %
IP 967.18610798 11.25266578 0.00000000 11.25266578 955.93344220 IP 0.000000 %
IIA1 961.95779675 17.93306154 5.78577536 23.71883691 944.02473521 IIA1 7.217500 %
IIIA1 961.28715228 24.77849837 6.18227802 30.96077638 936.50865391 IIIA1 7.717500 %
AR1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AR1 9.856991 %
AR2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AR2 9.856991 %
AR3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AR3 9.856991 %
B1 1,000.00000000 0.00000000 6.87815066 6.87815066 1,000.00000000 B1 8.253781 %
B2 1,000.00000000 0.00000000 7.29481735 7.29481735 1,000.00000000 B2 8.753781 %
AS 1,000.00000000 0.00000000 8.16229598 8.16229598 1,000.00000000 AS 9.478794 %
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TOTALS 970.75402300 18.07322345 6.39563980 24.46886325 952.68079954
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XI 975.74511309 0.00000000 6.73264139 6.73264139 953.77937377 XI 8.280000 %
IIA2 961.95779675 0.00000000 1.95557255 1.95557255 944.02473521 IIA2 2.439491 %
XII 961.95779675 0.00000000 0.15400418 0.15400418 944.02473521 XII 0.160000 %
IIIA2 961.28715228 0.00000000 1.83260984 1.83260984 936.50865391 IIIA2 2.287695 %
XIII 961.28715228 0.00000000 0.14419313 0.14419313 936.50865391 XIII 0.180000 %
XB1 1,000.00000000 0.00000000 1.28333332 1.28333332 1,000.00000000 XB1 1.540000 %
XB2 1,000.00000000 0.00000000 0.86666625 0.86666625 1,000.00000000 XB2 1.040000 %
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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
December 26, 2000
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Sec. 4.06(i) Scheduled Principal
Group 1 Scheduled Principal 171,405.91
Group 2 Scheduled Principal 79,119.40
Group 3 Scheduled Principal 38,700.52
Principal Prepayments
Group 1 Principal Prepayments 1,491,178.03
Group 2 Principal Prepayments 801,638.36
Group 3 Principal Prepayments 821,046.24
Curtailment
Group 1 Curtailment 183,876.97
Group 2 Curtailment 147,305.26
Group 3 Curtailment 95,091.78
Liquidation Proceeds
Group 1 Liquidation Proceeds 0.00
Group 2 Liquidation Proceeds 0.00
Group 2 Liquidation Proceeds 0.00
Gross Interest
Group 1 Gross Interest 951,980.05
Group 2 Gross Interest 588,369.74
Group 2 Gross Interest 434,031.60
Sec. 4.06(ii) Class Unpaid Interest Shortfall
Class IA1 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
Class AR2 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
Sec. 4.06(v) Beginning Collateral Balance
Group 1 Beginning Collateral Balance 101,694,110.02
Group 2 Beginning Collateral Balance 62,250,416.22
Group 3 Beginning Collateral Balance 41,801,334.59
Sec. 4.06(v) Ending Collateral Balance
Group 1 Ending Collateral Balance 99,849,996.60
Group 2 Ending Collateral Balance 61,222,823.80
Group 3 Ending Collateral Balance 40,847,193.24
Sec. 4.06(vi) Senior Percentage
Group1 Senior Percentage 89.55 %
Group2 Senior Percentage 89.58 %
Group3 Senior Percentage 89.59 %
Subordinate Percentage
Group1 Subordindate Percentage 10.75 %
Group2 Subordinate Percentage 10.42 %
Group3 Subordinate Percentage 10.41 %
<PAGE>
DLJ MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2000-S4
STATEMENT TO CERTIFICATEHOLDERS
December 26, 2000
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Sec. 4.06(vii) Servicing Fees
Group1 Servicing Fee 61,130.12
Group2 Servicing Fee 25,937.67
Group3 Servicing Fee 43,530.56
Sec. 4.06(ix) Advances
Group1 Advances 1,023,968.60
Group2 Advances 631,654.70
Group3 Advances 419,787.02
Sec. 4.06(x) Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency
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GROUP 1
----------------------------------------------------------------------
Category Number Principal Balance Percentage
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1 Month 173 4,982,904.90 4.99 %
2 Months 26 699,406.28 0.70 %
3+Months 13 429,437.42 0.43 %
Total 212 6,111,748.60 6.12 %
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----------------------------------------------------------------------
GROUP 2
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Category Number Principal Balance Percentage
----------------------------------------------------------------------
1 Month 51 3,696,095.99 6.04 %
2 Months 10 492,634.42 0.80 %
3+Months 0 0.00 0.00 %
Total 61 4,188,730.41 6.84 %
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----------------------------------------------------------------------
GROUP 3
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Category Number Principal Balance Percentage
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1 Month 43 2,794,580.66 6.84 %
2 Months 7 460,603.66 1.13 %
3+Months 4 224,862.30 0.55 %
Total 54 3,480,046.62 8.52 %
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----------------------------------------------------------------------
GROUP TOTALS
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Category Number Principal Balance Percentage
----------------------------------------------------------------------
1 Month 267 11,473,581.55 5.68 %
2 Months 43 1,652,644.36 0.82 %
3+Months 17 654,299.72 0.32 %
Total 327 13,780,525.63 6.82 %
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<PAGE>
DLJ MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2000-S4
STATEMENT TO CERTIFICATEHOLDERS
December 26, 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
December 26, 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 2,019,200.14
Bankruptcy Loss Coverage Amount 100,000.00
Trustee Fee 1,714.55
Loss Mitigation Fee 2,571.83
Pool Insurance Fee 164,596.87
Certificate Insurer Premium 3,071.26
(c) copyright 2000, Chase Manhattan Corporation
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