|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: PROVIDENT BANK, 8-K, 2000-09-08 |
Next: PROVIDENT BANK, 8-K, 2000-09-08 |
<TABLE>
<CAPTION>
The Provident Bank
Mortgage Pass-Through Certificates
Record Date: 7/31/00
Distribution Date: 8/25/00
PROVIDENT Series: 2000-1
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 743844CY6 SEQ 6.88000% 403,456,289.77 2,390,254.37 4,239,711.28
A-2 743844CZ3 SEQ 6.88000% 189,305,488.31 1,121,529.83 616,503.79
X-1 PRV0000X1 IO 3.41529% 0.00 1,148,268.55 0.00
X-2 PRV0000X2 IO 3.17306% 0.00 500,564.32 0.00
R PRV00000R RES 0.00000% 0.00 5.45 0.00
Totals 592,761,778.08 5,160,622.52 4,856,215.07
</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 0.00 399,216,578.49 6,629,965.65 0.00
A-2 0.00 188,688,984.52 1,738,033.62 0.00
X-1 0.00 0.00 1,148,268.55 0.00
X-2 0.00 0.00 500,564.32 0.00
R 0.00 0.00 5.45 0.00
Totals 0.00 587,905,563.01 10,016,837.59 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-1 418,000,000.00 403,456,289.77 400,893.16 3,838,818.12 0.00 0.00
A-2 197,000,000.00 189,305,488.31 97,234.69 519,269.10 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 615,000,000.00 592,761,778.08 498,127.85 4,358,087.22 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 4,239,711.28 399,216,578.49 0.95506358 4,239,711.28
A-2 616,503.79 188,688,984.52 0.95781210 616,503.79
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 4,856,215.07 587,905,563.01 0.95594400 4,856,215.07
</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-1 418,000,000.00 965.20643486 0.95907455 9.18377541 0.00000000
A-2 197,000,000.00 960.94156503 0.49357711 2.63588376 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>
Per $1,000 Denomination.
</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 10.14284995 955.06358490 0.95506358 10.14284995
A-2 0.00000000 3.12946086 957.81210416 0.95781210 3.12946086
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-1 418,000,000.00 6.88000% 403,456,289.77 2,390,254.37 0.00 0.00
A-2 197,000,000.00 6.88000% 189,305,488.31 1,121,529.85 0.00 0.00
X-1 0.00 3.41529% 403,457,074.98 1,148,268.55 0.00 0.00
X-2 0.00 3.17306% 189,305,599.79 500,564.33 0.00 0.00
R 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 615,000,000.00 5,160,617.10 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 0.00 0.00 2,390,254.37 0.00 399,216,578.49
A-2 0.02 0.00 1,121,529.83 0.00 188,688,984.52
X-1 0.00 0.00 1,148,268.55 0.00 399,217,363.70
X-2 0.01 0.00 500,564.32 0.00 188,689,096.00
R 0.00 0.00 5.45 0.00 0.00
Totals 0.03 0.00 5,160,622.52 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-1 418,000,000.00 6.88000% 965.20643486 5.71831189 0.00000000 0.00000000
A-2 197,000,000.00 6.88000% 960.94156503 5.69304492 0.00000000 0.00000000
X-1 0.00 3.41529% 965.20650026 2.74704879 0.00000000 0.00000000
X-2 0.00 3.17306% 989.20021165 2.61565607 0.00000000 0.00000000
R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
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 5.71831189 0.00000000 955.06358490
A-2 0.00000010 0.00000000 5.69304482 0.00000000 957.81210416
X-1 0.00000000 0.00000000 2.74704879 0.00000000 955.06366936
X-2 0.00000005 0.00000000 2.61565602 0.00000000 985.97872386
R 0.00000000 0.00000000 1362500.00000000 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
Class Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
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 10,028,208.56
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 328,232.29
Realized Losses 0.00
Total Deposits 10,356,440.85
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 250,689.23
Payment of Interest and Principal 10,105,751.62
Total Withdrawals (Pool Distribution Amount) 10,356,440.85
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 246,984.46
Trustee Fee 3,704.77
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 250,689.23
</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 39,710,000.00 0.00 0.00 39,710,000.00
Reserve Fund 26,595,000.00 0.00 0.00 26,595,000.00
</TABLE>
<TABLE>
<CAPTION> CERTIFICATEHOLDER DELINQUENCY/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
30 Days 209 20 17 0 246
14,977,512.40 1,638,305.57 1,457,595.07 0.00 18,073,413.04
60 Days 16 6 72 0 94
1,363,424.05 564,279.02 5,220,302.50 0.00 7,148,005.57
90 Days 3 3 56 0 62
171,466.07 163,536.15 4,414,605.59 0.00 4,749,607.81
120 Days 1 7 39 0 47
76,741.97 396,394.13 3,387,522.10 0.00 3,860,658.20
150 Days 0 2 22 0 24
0.00 77,410.85 1,832,122.52 0.00 1,909,533.37
180 Days 0 0 6 0 6
0.00 0.00 270,016.02 0.00 270,016.02
Totals 229 38 212 0 479
16,589,144.49 2,839,925.72 16,582,163.80 0.00 36,011,234.01
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
30 Days 2.647245% 0.253325% 0.215326% 0.000000% 3.115896%
2.547601% 0.278668% 0.247930% 0.000000% 3.074199%
60 Days 0.202660% 0.075997% 0.911970% 0.000000% 1.190627%
0.231912% 0.095981% 0.887948% 0.000000% 1.215841%
90 Days 0.037999% 0.037999% 0.709310% 0.000000% 0.785307%
0.029166% 0.027817% 0.750903% 0.000000% 0.807885%
120 Days 0.012666% 0.088664% 0.493984% 0.000000% 0.595313%
0.013053% 0.067425% 0.576201% 0.000000% 0.656679%
150 Days 0.000000% 0.025332% 0.278657% 0.000000% 0.303990%
0.000000% 0.013167% 0.311635% 0.000000% 0.324802%
180 Days 0.000000% 0.000000% 0.075997% 0.000000% 0.075997%
0.000000% 0.000000% 0.045928% 0.000000% 0.045928%
Totals 2.900570% 0.481317% 2.685244% 0.000000% 6.067131%
2.821732% 0.483057% 2.820545% 0.000000% 6.125334%
</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
30 Days 164 15 13 0 192
9,919,948.36 1,330,483.02 1,005,976.94 0.00 12,256,408.32
60 Days 15 5 55 0 75
1,324,467.31 288,546.17 3,650,040.08 0.00 5,263,053.56
90 Days 3 1 41 0 45
171,466.07 58,339.45 2,632,567.21 0.00 2,862,372.73
120 Days 1 6 30 0 37
76,741.97 342,010.14 2,344,032.61 0.00 2,762,784.72
150 Days 0 2 17 0 19
0.00 77,410.85 1,116,334.93 0.00 1,193,745.78
180 Days 0 0 5 0 5
0.00 0.00 206,016.02 0.00 206,016.02
Totals 183 29 161 0 373
11,492,623.71 2,096,789.63 10,954,967.79 0.00 24,544,381.13
30 Days 2.746149% 0.251172% 0.217683% 0.000000% 3.215003%
2.484849% 0.333273% 0.251987% 0.000000% 3.070109%
60 Days 0.251172% 0.083724% 0.920965% 0.000000% 1.255861%
0.331766% 0.072278% 0.914299% 0.000000% 1.318343%
90 Days 0.050234% 0.016745% 0.686537% 0.000000% 0.753516%
0.042951% 0.014613% 0.659432% 0.000000% 0.716996%
120 Days 0.016745% 0.100469% 0.502344% 0.000000% 0.619558%
0.019223% 0.085670% 0.587157% 0.000000% 0.692050%
150 Days 0.000000% 0.033490% 0.284662% 0.000000% 0.318151%
0.000000% 0.019391% 0.279631% 0.000000% 0.299022%
180 Days 0.000000% 0.000000% 0.083724% 0.000000% 0.083724%
0.000000% 0.000000% 0.051605% 0.000000% 0.051605%
Totals 3.064300% 0.485599% 2.695914% 0.000000% 6.245814%
2.878789% 0.525225% 2.744111% 0.000000% 6.148125%
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
30 Days 45 5 4 0 54
5,057,564.04 307,822.55 451,618.13 0.00 5,817,004.72
60 Days 1 1 17 0 19
38,956.74 275,732.85 1,570,262.42 0.00 1,884,952.01
90 Days 0 2 15 0 17
0.00 105,196.70 1,782,038.38 0.00 1,887,235.08
120 Days 0 1 9 0 10
0.00 54,383.99 1,043,489.49 0.00 1,097,873.48
150 Days 0 0 5 0 5
0.00 0.00 715,787.59 0.00 715,787.59
180 Days 0 0 1 0 1
0.00 0.00 64,000.00 0.00 64,000.00
Totals 46 9 51 0 106
5,096,520.78 743,136.09 5,627,196.01 0.00 11,466,852.88
30 Days 2.340094% 0.260010% 0.208008% 0.000000% 2.808112%
2.680369% 0.163137% 0.239345% 0.000000% 3.082852%
60 Days 0.052002% 0.052002% 0.884035% 0.000000% 0.988040%
0.020646% 0.146131% 0.832196% 0.000000% 0.998972%
90 Days 0.000000% 0.104004% 0.780031% 0.000000% 0.884035%
0.000000% 0.055751% 0.944431% 0.000000% 1.000182%
120 Days 0.000000% 0.052002% 0.468019% 0.000000% 0.520021%
0.000000% 0.028822% 0.553021% 0.000000% 0.581843%
150 Days 0.000000% 0.000000% 0.260010% 0.000000% 0.260010%
0.000000% 0.000000% 0.379348% 0.000000% 0.379348%
180 Days 0.000000% 0.000000% 0.052002% 0.000000% 0.052002%
0.000000% 0.000000% 0.033918% 0.000000% 0.033918%
Totals 2.392096% 0.468019% 2.652106% 0.000000% 5.512220%
2.701015% 0.393842% 2.982258% 0.000000% 6.077115%
<FN>
(7) Delinquencies are stratified according to the information the Servicer has provided. Bankruptcy, Foreclosure and REO loans are
reported in the 30-day deliquency 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 328,232.29
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C>
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 11.134761%
Weighted Average Net Coupon 10.627261%
Weighted Average Pass-Through Rate 0.000000%
Weighted Average Maturity(Stepdown Calculation ) 283
Beginning Scheduled Collateral Loan Count 7,952
Number Of Loans Paid In Full 57
Ending Scheduled Collateral Loan Count 7,895
Beginning Scheduled Collateral Balance 592,762,674.77
Ending Scheduled Collateral Balance 587,906,459.70
Ending Actual Collateral Balance at 31-Jul-2000 587,906,459.70
Monthly P &I Constant 5,998,353.61
Ending Scheduled Balance for Premium Loans 587,906,459.70
</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 11.212120 10.969890
Weighted Average Net Rate 10.704620 10.462390
Weighted Average Maturity 254.00 353.00
Beginning Loan Count 6,021 1,931 7,952
Loans Paid In Full 49 8 57
Ending Loan Count 5,972 1,923 7,895
Beginning Scheduled Balance 403,457,074.98 189,305,599.79 592,762,674.77
Ending scheduled Balance 399,217,363.70 188,689,096.00 587,906,459.70
Record Date 7/31/00 7/31/00
Principal And Interest Constant 4,170,567.57 1,827,786.04 5,998,353.61
Scheduled Principal 400,893.16 97,234.69 498,127.85
Unscheduled Principal 3,838,818.12 519,269.10 4,358,087.22
Scheduled Interest 3,769,674.41 1,730,551.35 5,500,225.76
Servicing Fees 168,107.12 78,877.34 246,984.46
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 2,521.61 1,183.16 3,704.77
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 3,599,045.68 1,650,490.85 5,249,536.53
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>
|
|