|
|
|
|
|
|
|
|
|
|
Previous: PROVIDENT BANK, 8-K, 2000-12-11 |
Next: PROVIDENT BANK, 8-K, 2000-12-11 |
<TABLE>
<CAPTION>
The Provident Bank
Mortgage Pass-Through Certificates
Record Date: 10/31/2000
Distribution Date: 11/27/2000
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% 306,778,427.13 1,937,561.41 2,770,635.17
A-2 743844DB5 SEQ 6.89000% 195,314,714.68 1,233,575.18 2,286,632.24
X-1 PRV0002X1 IO 3.34084% 0.00 854,122.20 0.00
X-2 PRV0002X2 IO 3.07614% 0.00 500,727.51 0.00
R PRV00002R RES 0.00000% 0.00 178,366.74 0.00
Totals 502,093,141.81 4,704,353.04 5,057,267.41
</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 0.00 304,007,791.96 4,708,196.58 0.00
A-2 0.00 193,028,082.44 3,520,207.42 0.00
X-1 0.00 0.00 854,122.20 0.00
X-2 0.00 0.00 500,727.51 0.00
R 0.00 0.00 178,366.74 0.00
Totals 0.00 497,035,874.40 9,761,620.45 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-1 315,000,000.00 306,778,427.13 261,057.46 2,509,577.71 0.00 0.00
A-2 200,000,000.00 195,314,714.68 78,809.25 2,207,822.99 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 515,000,000.00 502,093,141.81 339,866.71 4,717,400.70 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 2,770,635.17 304,007,791.96 0.96510410 2,770,635.17
A-2 2,286,632.24 193,028,082.44 0.96514041 2,286,632.24
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 5,057,267.41 497,035,874.40 0.96511820 5,057,267.41
</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-1 315,000,000.00 973.89976867 0.82875384 7.96691337 0.00000000
A-2 200,000,000.00 976.57357340 0.39404625 11.03911495 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 8.79566721 965.10410146 0.96510410 8.79566721
A-2 0.00000000 11.43316120 965.14041220 0.96514041 11.43316120
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% 306,778,427.13 1,937,561.42 0.00 0.00
A-2 200,000,000.00 6.89000% 195,314,714.68 1,233,575.19 0.00 0.00
X-1 0.00 3.34084% 306,792,994.61 854,122.20 0.00 0.00
X-2 0.00 3.07614% 195,323,047.02 500,701.42 0.00 0.00
R 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 515,000,000.00 4,525,960.23 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Remaining 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 0.01 0.00 1,937,561.41 0.00 304,007,791.96
A-2 0.01 0.00 1,233,575.18 0.00 193,028,082.44
X-1 0.00 0.00 854,122.20 0.00 304,022,359.44
X-2 0.00 0.00 500,727.51 0.00 193,036,414.78
R 0.00 0.00 178,366.74 0.00 0.00
Totals 0.02 0.00 4,704,353.04 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% 973.89976867 6.15098863 0.00000000 0.00000000
A-2 200,000,000.00 6.89000% 976.57357340 6.16787595 0.00000000 0.00000000
X-1 0.00 3.34084% 1063.19852245 2.95998108 0.00000000 0.00000000
X-2 0.00 3.07614% 1055.97058347 2.70693079 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 0.00000003 0.00000000 6.15098860 0.00000000 965.10410146
A-2 0.00000005 0.00000000 6.16787590 0.00000000 965.14041220
X-1 0.00000000 0.00000000 2.95998108 0.00000000 1053.59681944
X-2 0.00000000 0.00000000 2.70707184 0.00000000 1043.60841517
R 0.00000000 0.00000000 0.00000000 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 9,621,984.31
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 324,372.61
Realized Losses 0.00
Total Deposits 9,946,356.92
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 287,667.25
Payment of Interest and Principal 9,658,689.67
Total Withdrawals (Pool Distribution Amount) 9,946,356.92
Ending Balance 0.00
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 0.02
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.02
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 209,215.01
Trustee Fee 3,138.24
MBIA Fee 75,314.00
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 287,667.25
</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
Net Cap Carryover Reserve Fund 5,000.00 0.00 0.00 5,000.00
Spread 1 Reserve Fund 30,712,500.00 0.00 0.00 30,712,500.00
Spread 2 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 7 3 0 10
543,146.71 154,830.61 0.00 697,977.32
30 Days 204 5 4 0 213
14,425,907.57 603,535.31 367,623.99 0.00 15,397,066.87
60 Days 85 4 6 0 95
6,692,065.55 271,585.19 321,388.49 0.00 7,285,039.23
90 Days 1 4 65 0 70
161,406.91 246,274.87 5,099,635.02 0.00 5,507,316.80
120 Days 1 0 48 0 49
118,968.51 0.00 3,927,286.27 0.00 4,046,254.78
150 Days 0 2 12 0 14
0.00 94,524.41 1,067,891.38 0.00 1,162,415.79
180+ Days 0 0 1 0 1
0.00 0.00 53,536.61 0.00 53,536.61
Totals 291 22 139 0 452
21,398,348.54 1,759,066.49 10,992,192.37 0.00 34,149,607.40
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 0.104932% 0.044971% 0.000000% 0.149903%
0.109272% 0.031149% 0.000000% 0.140421%
30 Days 3.058012% 0.074951% 0.059961% 0.000000% 3.192925%
2.902254% 0.121421% 0.073960% 0.000000% 3.097635%
60 Days 1.274172% 0.059961% 0.089942% 0.000000% 1.424074%
1.346333% 0.054638% 0.064658% 0.000000% 1.465629%
90 Days 0.014990% 0.059961% 0.974367% 0.000000% 1.049318%
0.032472% 0.049546% 1.025962% 0.000000% 1.107981%
120 Days 0.014990% 0.000000% 0.719532% 0.000000% 0.734523%
0.023934% 0.000000% 0.790105% 0.000000% 0.814040%
150 Days 0.000000% 0.029981% 0.179883% 0.000000% 0.209864%
0.000000% 0.019017% 0.214842% 0.000000% 0.233859%
180+ Days 0.000000% 0.000000% 0.014990% 0.000000% 0.014990%
0.000000% 0.000000% 0.010771% 0.000000% 0.010771%
Totals 4.362165% 0.329786% 2.083646% 0.000000% 6.775596%
4.304994% 0.353895% 2.211447% 0.000000% 6.870336%
</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 3 0 8
327,938.68 154,830.61 0.00 482,769.29
30 Days 136 3 2 0 141
8,853,863.46 284,904.62 134,532.18 0.00 9,273,300.26
60 Days 50 4 6 0 60
3,667,122.18 271,585.19 321,388.49 0.00 4,260,095.86
90 Days 0 3 44 0 47
0.00 139,165.36 3,092,336.55 0.00 3,231,501.91
120 Days 1 0 26 0 27
118,968.51 0.00 1,940,212.50 0.00 2,059,181.01
150 Days 0 2 8 0 10
0.00 94,524.41 599,163.12 0.00 693,687.53
180 Days 0 0 1 0 1
0.00 0.00 53,536.61 0.00 53,536.61
Totals 187 17 90 0 294
12,639,954.15 1,118,118.26 6,296,000.06 0.00 20,054,072.47
0-29 Days 0.109481% 0.065689% 0.000000% 0.175170%
0.107867% 0.050927% 0.000000% 0.158794%
30 Days 2.977885% 0.065689% 0.043792% 0.000000% 3.087366%
2.912241% 0.093712% 0.044251% 0.000000% 3.050203%
60 Days 1.094811% 0.087585% 0.131377% 0.000000% 1.313773%
1.206201% 0.089331% 0.105712% 0.000000% 1.401244%
90 Days 0.000000% 0.065689% 0.963433% 0.000000% 1.029122%
0.000000% 0.045775% 1.017141% 0.000000% 1.062916%
120 Days 0.021896% 0.000000% 0.569302% 0.000000% 0.591198%
0.039132% 0.000000% 0.638181% 0.000000% 0.677312%
150 Days 0.000000% 0.043792% 0.175170% 0.000000% 0.218962%
0.000000% 0.031091% 0.197079% 0.000000% 0.228170%
180 Days 0.000000% 0.000000% 0.021896% 0.000000% 0.021896%
0.000000% 0.000000% 0.017609% 0.000000% 0.017609%
Totals 4.094592% 0.372236% 1.970659% 0.000000% 6.437486%
4.157574% 0.367775% 2.070900% 0.000000% 6.596249%
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 2 0 0 2
215,208.03 0.00 0.00 215,208.03
30 Days 68 2 2 0 72
5,572,044.11 318,630.69 233,091.81 0.00 6,123,766.61
60 Days 35 0 0 0 35
3,024,943.37 0.00 0.00 0.00 3,024,943.37
90 Days 1 1 21 0 23
161,406.91 107,109.51 2,007,298.47 0.00 2,275,814.89
120 Days 0 0 22 0 22
0.00 0.00 1,987,073.77 0.00 1,987,073.77
150 Days 0 0 4 0 4
0.00 0.00 468,728.26 0.00 468,728.26
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 104 5 49 0 158
8,758,394.39 640,948.23 4,696,192.31 0.00 14,095,534.93
0-29 Days 0.095057% 0.000000% 0.000000% 0.095057%
0.111486% 0.000000% 0.000000% 0.111486%
30 Days 3.231939% 0.095057% 0.095057% 0.000000% 3.422053%
2.886525% 0.165062% 0.120750% 0.000000% 3.172338%
60 Days 1.663498% 0.000000% 0.000000% 0.000000% 1.663498%
1.567033% 0.000000% 0.000000% 0.000000% 1.567033%
90 Days 0.047529% 0.047529% 0.998099% 0.000000% 1.093156%
0.083615% 0.055487% 1.039855% 0.000000% 1.178956%
120 Days 0.000000% 0.000000% 1.045627% 0.000000% 1.045627%
0.000000% 0.000000% 1.029378% 0.000000% 1.029378%
150 Days 0.000000% 0.000000% 0.190114% 0.000000% 0.190114%
0.000000% 0.000000% 0.242819% 0.000000% 0.242819%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 4.942966% 0.237643% 2.328897% 0.000000% 7.509506%
4.537172% 0.332035% 2.432801% 0.000000% 7.302008%
<FN>
(7) Delinquencies are stratified according to the information the Servicer has provided. All foreclosure and REO
loans are reported in the 30 day delinquency field.
</FN>
</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 324,372.61
</TABLE>
<TABLE>
<S> <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 11.504374%
Weighted Average Net Coupon 10.996874%
Weighted Average Pass-Through Rate 0.000000%
Weighted Average Maturity(Stepdown Calculation ) 330
Beginning Scheduled Collateral Loan Count 6,734
Number Of Loans Paid In Full 63
Ending Scheduled Collateral Loan Count 6,671
Beginning Scheduled Collateral Balance 502,116,041.63
Ending Scheduled Collateral Balance 497,058,774.22
Ending Actual Collateral Balance at 31-Oct-2000 497,058,774.22
Monthly P &I Constant 5,153,642.21
Ending Scheduled Balance for Premium Loans 497,058,774.22
</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 11.607341 11.342643
Weighted Average Net Rate 11.099841 10.835143
Weighted Average Maturity 315.00 330.00
Beginning Loan Count 4,610 2,124 6,734
Loans Paid In Full 43 20 63
Ending Loan Count 4,567 2,104 6,671
Beginning Scheduled Balance 306,792,994.61 195,323,047.02 502,116,041.63
Ending scheduled Balance 304,022,359.44 193,036,414.78 497,058,774.22
Record Date 10/31/2000 10/31/2000
Principal And Interest Constant 3,228,599.90 1,925,042.31 5,153,642.21
Scheduled Principal 261,057.46 78,809.25 339,866.71
Unscheduled Principal 2,509,577.71 2,207,822.99 4,717,400.70
Scheduled Interest 2,967,542.44 1,846,233.06 4,813,775.50
Servicing Fees 127,830.42 81,384.59 209,215.01
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,917.46 1,220.78 3,138.24
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 2,837,794.56 1,763,627.69 4,601,422.25
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>
|
|