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 November 1, 2000, providing for the issuance of the DLJ ABS
Trust Series 2000-5 Mortgage Pass-Through Certificates, Series 2000-5).
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 ABS Trust Series 2000-5 Mortgage Pass-Through
Certificates, Series 2000-5 (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 November 1, 2000 (the "Agreement"), among
DLJ Mortgage Acceptance Corp, as the depositor (the "Depositor"), Wells Fargo
Home Mortgage, Inc., as the seller (the "Seller") and as the servicer (the
"Servicer"), Calmco Servicing, L.P., as the special servicer (the "Special
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: January 10, 2001 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 2000-5
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
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A1 50,000,000.00 50,000,000.00 422,354.91 253,500.00 675,854.91 0.00 0.00 49,577,645.09
A2 60,000,000.00 60,000,000.00 506,825.90 302,033.33 808,859.23 0.00 0.00 59,493,174.10
A3 16,191,000.00 16,191,000.00 136,766.97 80,919.02 217,685.99 0.00 0.00 16,054,233.03
M1 3,321,000.00 3,321,000.00 0.00 17,437.10 17,437.10 0.00 0.00 3,321,000.00
M2 2,258,000.00 2,258,000.00 0.00 12,508.07 12,508.07 0.00 0.00 2,258,000.00
B 1,062,523.00 1,062,523.00 0.00 6,691.53 6,691.53 0.00 0.00 1,062,523.00
R 50.00 50.00 50.00 0.29 50.29 0.00 0.00 0.00
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TOTALS 132,832,573.00 132,832,573.00 1,065,997.78 673,089.34 1,739,087.12 0.00 0.00 131,766,575.22
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IO 132,832,573.00 132,832,573.00 0.00 17,711.01 17,711.01 0.00 0.00 131,766,599.01
P 0.00 0.00 0.00 18,043.37 18,043.37 0.00 0.00 0.00
X 0.00 0.00 0.00 380,662.98 380,662.98 0.00 0.00 0.00
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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 23323CBW4 1,000.00000000 8.44709820 5.07000000 13.51709820 991.55290180 A1 7.020000 %
A2 23323CBX2 1,000.00000000 8.44709833 5.03388883 13.48098717 991.55290167 A2 6.970000 %
A3 23323CBY0 1,000.00000000 8.44709839 4.99777778 13.44487617 991.55290161 A3 6.920000 %
M1 23323CCA1 1,000.00000000 0.00000000 5.25055706 5.25055706 1,000.00000000 M1 7.270000 %
M2 23323CCB9 1,000.00000000 0.00000000 5.53944641 5.53944641 1,000.00000000 M2 7.670000 %
B 23323CCC7 1,000.00000000 0.00000000 6.29777426 6.29777426 1,000.00000000 B 8.720000 %
R 23323CCD5 1,000.00000000 1,000.00000000 5.80000000 1,005.80000000 0.00000000 R 6.920000 %
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TOTALS 1,000.00000000 8.02512333 5.06720095 13.09232428 991.97487667
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IO 23323CBZ7 1,000.00000000 0.00000000 0.13333334 0.13333334 991.97505577 IO 0.160000 %
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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 2000-5
STATEMENT TO CERTIFICATEHOLDERS
December 26, 2000
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Sec. 4.05 (i) Scheduled Principal 51,166.37
Curtailments 172,184.76
Payoffs 842,646.65
Sec. 4.05 (ii) Scheduled Interest Amount 1,247,554.79
Class A1 Carryforward Interest Amount 0.00
Class A2 Carryforward Interest Amount 0.00
Class A3 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
Class IO Carryforward Interest Amount 0.00
Sec. 4.05 (iii) Class A1 Basis Risk Shortfall 0.00
Class A2 Basis Risk Shortfall 0.00
Class A3 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 132,452,477.78
Ending Aggregate Collateral Balance 131,766,594.20
Targeted Overcollateralization Amount 664,162.84
Overcollateralization Amount 18.98
Overcollateralization Release Amount 0.00
Sec. 4.05 (vi) Servicing Fee 55,188.53
GEMICO PMI Fee 122,503.60
Sec. 4.05 (viii) Current Advances 0.00
Aggregate Advances Outstanding 0.00
Sec. 4.05 (ix) Loans in Delinquency
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GROUP TOTALS
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Period Number Principal Balance Percentage
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0-30 days 36 2,672,572.35 2.03 %
31-60 days 3 237,436.20 0.18 %
61-90 days 0 0.00 0.00 %
91+days 0 0.00 0.00 %
Total 39 2,910,008.55 2.21 %
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<PAGE>
DLJ ABS TRUST 2000-5
STATEMENT TO CERTIFICATEHOLDERS
December 26, 2000
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Loans in Foreclosure
GROUP TOTALS
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NUMBER PRINCIPAL PERCENTAGE
BALANCE
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0 0.00 0.00 %
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Bankruptcy
GROUP TOTALS
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NUMBER PRINCIPAL PERCENTAGE
BALANCE
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0 0.00 0.00%
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Sec. 4.05 (x) Number of Prepayment Penalties 3
Balance of Prepayment Penalties 18,043.37
Sec. 4.05 (xi) Rolling Three Month Dellnquency Rate 0.00%
Sec. 4.05 (xii) Total Number of REO Loans 0
Total Balance of REO Loans 0.00
Sec. 4.05 (xiii) Current Realized Losses 0.00
Cumulative Realized Losses 0.00
Sec. 4.05 (xiv) Weighted Average Term to Maturity of Mortgage Loans 1,035.00
(c) copyright 2000, Chase Manhattan Corporation
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