|
|
|
|
|
|
|
|
|
|
Previous: PROVIDENT BANK, 8-K, 2000-10-04 |
Next: PROVIDENT BANK, 8-K, 2000-10-04 |
<TABLE>
<CAPTION>
The Provident Bank
Mortgage Pass-Through Certificates
Record Date: 8/31/00
Distribution Date: 9/25/00
PROVIDENT Series: 2000-2
Contact: Customer Service - CTSLink
Wells Fargo Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
A-1 743844DA7 SEQ 6.89000% 311,718,602.39 1,849,443.78 2,413,024.55
A-2 743844DB5 SEQ 6.89000% 197,954,409.38 1,174,474.49 841,066.69
X-1 PRV0002X1 IO 3.80507% 0.00 988,472.01 0.00
X-2 PRV0002X2 IO 3.53795% 0.00 583,678.45 0.00
R PRV00002R RES 0.00000% 0.00 167,219.06 0.00
Totals 509,673,011.77 4,763,287.79 3,254,091.24
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
A-1 0.00 309,305,577.84 4,262,468.33 0.00
A-2 0.00 197,113,342.69 2,015,541.18 0.00
X-1 0.00 0.00 988,472.01 0.00
X-2 0.00 0.00 583,678.45 0.00
R 0.00 0.00 167,219.06 0.00
Totals 0.00 506,418,920.53 8,017,379.03 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<S> <C> <C> <C> <C> <C> <C>
A-1 315,000,000.00 311,718,602.39 282,989.29 2,130,035.26 0.00 0.00
A-2 200,000,000.00 197,954,409.38 80,454.05 760,612.64 0.00 0.00
X-1 0.00 0.00 0.00 0.00 0.00 0.00
X-2 0.00 0.00 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
Totals 515,000,000.00 509,673,011.77 363,443.34 2,890,647.90 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C>
A-1 2,413,024.55 309,305,577.84 0.98192247 2,413,024.55
A-2 841,066.69 197,113,342.69 0.98556671 841,066.69
X-1 0.00 0.00 0.00000000 0.00
X-2 0.00 0.00 0.00000000 0.00
R 0.00 0.00 0.00000000 0.00
Totals 3,254,091.24 506,418,920.53 0.98333771 3,254,091.24
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<S> <C> <C> <C> <C> <C>
A-1 315,000,000.00 989.58286473 0.89837870 6.76201670 0.00000000
A-2 200,000,000.00 989.77204690 0.40227025 3.80306320 0.00000000
X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
A-1 0.00000000 7.66039540 981.92246933 0.98192247 7.66039540
A-2 0.00000000 4.20533345 985.56671345 0.98556671 4.20533345
X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A-1 315,000,000.00 6.89000% 311,718,602.39 1,849,443.79 0.00 0.00
A-2 200,000,000.00 6.89000% 197,954,409.38 1,174,474.51 0.00 0.00
X-1 0.00 3.80507% 311,733,169.87 988,472.02 0.00 0.00
X-2 0.00 3.53795% 197,962,741.72 583,652.34 0.00 0.00
R 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 515,000,000.00 4,596,042.66 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Payment of Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A-1 0.00 0.00 1,849,443.78 0.00 309,305,577.84
A-2 0.00 0.00 1,174,474.49 0.00 197,113,342.69
X-1 0.00 0.00 988,472.01 0.00 309,320,145.32
X-2 0.00 0.00 583,678.45 0.00 197,121,675.03
R 0.00 0.00 167,219.06 0.00 0.00
Totals 0.00 0.00 4,763,287.79 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
A-1 315,000,000.00 6.89000% 989.58286473 5.87125013 0.00000000 0.00000000
A-2 200,000,000.00 6.89000% 989.77204690 5.87237255 0.00000000 0.00000000
X-1 0.00 3.80507% 1080.31881897 3.42557363 0.00000000 0.00000000
X-2 0.00 3.53795% 1070.24150539 3.15538648 0.00000000 0.00000000
R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) Per $1,000 Denomination.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
A-1 0.00000000 0.00000000 5.87125010 0.00000000 981.92246933
A-2 0.00000000 0.00000000 5.87237245 0.00000000 985.56671345
X-1 0.00000000 0.00000000 3.42557359 0.00000000 1071.95642419
X-2 0.00000000 0.00000000 3.15552764 0.00000000 1065.69446551
R 0.00000000 0.00000000 41804765000.0000 0.00000000 0.00000000
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
<S> <C> <C> <C> <C> <C> <C>
C 1,200.00000% 0.00 0.00 0.00 0.00 0.00000000%
Prov 0.00000% 0.00 0.00 0.00 0.00 0.00000000%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 8,044,859.23
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 173,874.80
Realized Losses 0.00
Total Deposits 8,218,734.03
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 292,009.89
Payment of Interest and Principal 7,926,724.14
Total Withdrawals (Pool Distribution Amount) 8,218,734.03
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 212,373.27
Trustee Fee 3,185.62
MBIA Fee 76,451.00
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 292,009.89
</TABLE>
<TABLE>
<CAPTION>
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<S> <C> <C> <C> <C>
Financial Guaranty 0.00 0.00 0.00 0.00
Financial Guaranty 0.00 0.00 0.00 0.00
Reserve Fund 5,000.00 0.00 0.00 5,000.00
Reserve Fund 30,712,500.00 0.00 0.00 30,712,500.00
Reserve Fund 27,500,000.00 0.00 0.00 27,500,000.00
</TABLE>
<TABLE>
<CAPTION> LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<S> <C> <C> <C> <C> <C>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 5 2 0 7
325,779.20 54,757.80 0.00 380,537.00
30 Days 149 2 0 0 151
10,704,989.19 234,517.38 0.00 0.00 10,939,506.57
60 Days 58 2 1 0 61
4,887,945.29 175,193.91 282,400.00 0.00 5,345,539.20
90 Days 1 2 17 0 20
46,172.74 94,524.41 1,404,920.95 0.00 1,545,618.10
120 Days 0 0 1 0 1
0.00 0.00 53,536.61 0.00 53,536.61
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 208 11 21 0 240
15,639,107.22 830,014.90 1,795,615.36 0.00 18,264,737.48
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0.073616% 0.029446% 0.000000% 0.103062%
0.064327% 0.010812% 0.000000% 0.075139%
30 Days 2.193757% 0.029446% 0.000000% 0.000000% 2.223204%
2.113765% 0.046307% 0.000000% 0.000000% 2.160072%
60 Days 0.853946% 0.029446% 0.014723% 0.000000% 0.898115%
0.965154% 0.034593% 0.055762% 0.000000% 1.055509%
90 Days 0.014723% 0.029446% 0.250294% 0.000000% 0.294464%
0.009117% 0.018664% 0.277410% 0.000000% 0.305192%
120 Days 0.000000% 0.000000% 0.014723% 0.000000% 0.014723%
0.000000% 0.000000% 0.010571% 0.000000% 0.010571%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 3.062426% 0.161955% 0.309187% 0.000000% 3.533569%
3.088036% 0.163891% 0.354555% 0.000000% 3.606483%
</TABLE>
<TABLE> Delinquency Status By Groups
<CAPTION>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<S> <C> <C> <C> <C> <C>
Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 5 2 0 7
325,779.20 54,757.80 0.00 380,537.00
30 Days 102 2 0 0 104
6,365,982.94 234,517.38 0.00 0.00 6,600,500.32
60 Days 34 1 0 0 35
2,794,919.41 68,038.96 0.00 0.00 2,862,958.37
90 Days 1 2 10 0 13
46,172.74 94,524.41 692,101.20 0.00 832,798.35
120 Days 0 0 1 0 1
0.00 0.00 53,536.61 0.00 53,536.61
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 137 10 13 0 160
9,207,075.09 722,859.95 800,395.61 0.00 10,730,330.65
0-29 Days 0.107504% 0.043002% 0.000000% 0.150505%
0.105321% 0.017703% 0.000000% 0.123024%
30 Days 2.193077% 0.043002% 0.000000% 0.000000% 2.236078%
2.058056% 0.075817% 0.000000% 0.000000% 2.133873%
60 Days 0.731026% 0.021501% 0.000000% 0.000000% 0.752526%
0.903569% 0.021996% 0.000000% 0.000000% 0.925565%
90 Days 0.021501% 0.043002% 0.215008% 0.000000% 0.279510%
0.014927% 0.030559% 0.223749% 0.000000% 0.269235%
120 Days 0.000000% 0.000000% 0.021501% 0.000000% 0.021501%
0.000000% 0.000000% 0.017308% 0.000000% 0.017308%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 2.945603% 0.215008% 0.279510% 0.000000% 3.440120%
2.976552% 0.233693% 0.258760% 0.000000% 3.469005%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<S> <C> <C> <C> <C> <C>
Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 47 0 0 0 47
4,339,006.25 0.00 0.00 0.00 4,339,006.25
60 Days 24 1 1 0 26
2,093,025.88 107,154.95 282,400.00 0.00 2,482,580.83
90 Days 0 0 7 0 7
0.00 0.00 712,819.75 0.00 712,819.75
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 71 1 8 0 80
6,432,032.13 107,154.95 995,219.75 0.00 7,534,406.83
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 2.195236% 0.000000% 0.000000% 0.000000% 2.195236%
2.201182% 0.000000% 0.000000% 0.000000% 2.201182%
60 Days 1.120972% 0.046707% 0.046707% 0.000000% 1.214386%
1.061794% 0.054360% 0.143262% 0.000000% 1.259415%
90 Days 0.000000% 0.000000% 0.326950% 0.000000% 0.326950%
0.000000% 0.000000% 0.361614% 0.000000% 0.361614%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 3.316207% 0.046707% 0.373657% 0.000000% 3.736572%
3.262976% 0.054360% 0.504876% 0.000000% 3.822211%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 0.00
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 173,874.80
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C>
Class R 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000%
Class X-1 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000%
Class X-2 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed & Mixed ARM
Weighted Average Gross Coupon 11.508490%
Weighted Average Net Coupon 11.000990%
Weighted Average Pass-Through Rate 0.000000%
Weighted Average Maturity(Stepdown Calculation ) 332
Beginning Scheduled Collateral Loan Count 6,836
Number Of Loans Paid In Full 44
Ending Scheduled Collateral Loan Count 6,792
Beginning Scheduled Collateral Balance 509,695,911.59
Ending Scheduled Collateral Balance 506,441,820.35
Ending Actual Collateral Balance at 31-Aug-2000 506,441,820.35
Monthly P &I Constant 5,251,635.14
Ending Scheduled Balance for Premium Loans 506,441,820.35
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
<TABLE>
<CAPTION>
Group Level Collateral Statement
<S> <C>
Group ID 1 2 Total
Collateral Description Mixed Fixed Mixed ARM
Weighted Average Coupon Rate 11.612236 11.345119
Weighted Average Net Rate 11.104736 10.837619
Weighted Average Maturity 317.00 332.00
Beginning Loan Count 4,686 2,150 6,836
Loans Paid In Full 35 9 44
Ending Loan Count 4,651 2,141 6,792
Beginning Scheduled Balance 311,733,169.87 197,962,741.72 509,695,911.59
Ending scheduled Balance 309,320,145.32 197,121,675.03 506,441,820.35
Record Date 8/31/00 8/31/00
Principal And Interest Constant 3,299,588.65 1,952,046.49 5,251,635.14
Scheduled Principal 282,989.29 80,454.05 363,443.34
Unscheduled Principal 2,130,035.26 760,612.64 2,890,647.90
Scheduled Interest 3,016,599.36 1,871,592.44 4,888,191.80
Servicing Fees 129,888.80 82,484.47 212,373.27
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,948.34 1,237.28 3,185.62
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread Fee 1 0.00 0.00 0.00
Spread Fee 2 0.00 0.00 0.00
Spread Fee 3 0.00 0.00 0.00
Net Interest 2,884,762.22 1,787,870.69 4,672,632.91
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.00 0.00 0.00
</TABLE>
|
|