|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: PROVIDENT BANK, 8-K, 2000-12-11 |
Next: EVANS & SUTHERLAND COMPUTER CORP, SC 13G/A, 2000-12-11 |
<TABLE>
<CAPTION>
The Provident Bank
Mortgage Pass-Through Certificates
Record Date: 10/31/2000
Distribution Date: 11/27/2000
PROVIDENT Series: 2000-1
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% 388,528,310.36 2,450,318.54 4,250,556.96
A-2 743844CZ3 SEQ 6.88000% 185,137,565.22 1,167,600.91 3,058,864.20
X-1 PRV0000X1 IO 2.92504% 0.00 947,051.35 0.00
X-2 PRV0000X2 IO 2.69688% 0.00 416,106.31 0.00
R PRV00000R RES 0.00000% 0.00 7.44 0.00
Totals 573,665,875.58 4,981,084.55 7,309,421.16
</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 0.00 384,277,753.40 6,700,875.50 0.00
A-2 0.00 182,078,701.02 4,226,465.11 0.00
X-1 0.00 0.00 947,051.35 0.00
X-2 0.00 0.00 416,106.31 0.00
R 0.00 0.00 7.44 0.00
Totals 0.00 566,356,454.42 12,290,505.71 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-1 418,000,000.00 388,528,310.36 415,106.75 3,835,450.21 0.00 0.00
A-2 197,000,000.00 185,137,565.22 82,674.31 2,976,189.89 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 615,000,000.00 573,665,875.58 497,781.06 6,811,640.10 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 4,250,556.96 384,277,753.40 0.91932477 4,250,556.96
A-2 3,058,864.20 182,078,701.02 0.92425737 3,058,864.20
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 7,309,421.16 566,356,454.42 0.92090480 7,309,421.16
</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-1 418,000,000.00 929.49356545 0.99307835 9.17571821 0.00000000
A-2 197,000,000.00 939.78459503 0.41966655 15.10756289 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 10.16879656 919.32476890 0.91932477 10.16879656
A-2 0.00000000 15.52722944 924.25736558 0.92425737 15.52722944
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% 388,528,310.36 2,450,318.54 0.00 0.00
A-2 197,000,000.00 6.88000% 185,137,565.22 1,167,600.91 0.00 0.00
X-1 0.00 2.92504% 388,529,095.57 947,051.35 0.00 0.00
X-2 0.00 2.69688% 185,137,930.75 416,079.57 0.00 0.00
R 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 615,000,000.00 4,981,050.37 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 2,450,318.54 0.00 384,277,753.40
A-2 0.00 0.00 1,167,600.91 0.00 182,078,701.02
X-1 0.00 0.00 947,051.35 0.00 384,278,538.61
X-2 0.00 0.00 416,106.31 0.00 182,079,066.55
R 0.00 0.00 7.44 0.00 0.00
Totals 0.00 0.00 4,981,084.55 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% 929.49356545 5.86200608 0.00000000 0.00000000
A-2 197,000,000.00 6.88000% 939.78459503 5.92690817 0.00000000 0.00000000
X-1 0.00 2.92504% 929.49369794 2.26566883 0.00000000 0.00000000
X-2 0.00 2.69688% 967.42241374 2.17418819 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 5.86200608 0.00000000 919.32476890
A-2 0.00000000 0.00000000 5.92690817 0.00000000 924.25736558
X-1 0.00000000 0.00000000 2.26566883 0.00000000 919.32492049
X-2 0.00000000 0.00000000 2.17432791 0.00000000 951.43858063
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 12,241,005.97
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 464,186.33
Realized Losses 0.00
Total Deposits 12,705,192.30
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 328,663.34
Payment of Interest and Principal 12,376,528.96
Total Withdrawals (Pool Distribution Amount) 12,705,192.30
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 239,027.93
Trustee Fee 3,585.41
MBIA 86,050.00
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 328,663.34
</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> 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 24 10 0 34
1,481,272.45 598,465.71 0.00 2,079,738.16
30 Days 217 5 7 0 229
14,032,712.33 256,562.03 404,578.25 0.00 14,693,852.61
60 Days 84 8 24 0 116
6,575,780.46 605,579.07 1,788,193.25 0.00 8,969,552.78
90 Days 3 14 70 0 87
319,091.65 855,005.84 6,171,337.23 0.00 7,345,434.72
120 Days 1 11 49 0 61
31,101.55 706,553.05 3,778,194.39 0.00 4,515,848.99
150 Days 0 6 39 0 45
0.00 807,097.48 2,891,884.25 0.00 3,698,981.73
180+ Days 3 16 97 2 118
200,633.59 1,026,192.97 8,257,902.99 89,777.74 9,574,507.29
Totals 308 84 296 2 690
21,159,319.58 5,738,262.89 23,890,556.07 89,777.74 50,877,916.28
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 0.314630% 0.131096% 0.000000% 0.445726%
0.261544% 0.105669% 0.000000% 0.367213%
30 Days 2.844782% 0.065548% 0.091767% 0.000000% 3.002098%
2.477712% 0.045300% 0.071435% 0.000000% 2.594448%
60 Days 1.101206% 0.104877% 0.314630% 0.000000% 1.520713%
1.161065% 0.106925% 0.315736% 0.000000% 1.583726%
90 Days 0.039329% 0.183534% 0.917672% 0.000000% 1.140535%
0.056341% 0.150966% 1.089654% 0.000000% 1.296961%
120 Days 0.013110% 0.144206% 0.642370% 0.000000% 0.799685%
0.005492% 0.124754% 0.667104% 0.000000% 0.797349%
150 Days 0.000000% 0.078658% 0.511274% 0.000000% 0.589932%
0.000000% 0.142507% 0.510611% 0.000000% 0.653118%
180+ Days 0.039329% 0.209754% 1.271631% 0.026219% 1.546932%
0.035425% 0.181192% 1.458072% 0.015852% 1.690541%
Totals 4.037756% 1.101206% 3.880440% 0.026219% 9.045621%
3.736035% 1.013187% 4.218281% 0.015852% 8.983355%
</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 22 9 0 31
1,308,733.77 555,266.40 0.00 1,864,000.17
30 Days 169 4 5 0 178
9,901,092.77 176,710.94 266,423.40 0.00 10,344,227.11
60 Days 59 7 20 0 86
4,027,490.80 518,199.51 1,502,719.21 0.00 6,048,409.52
90 Days 2 8 48 0 58
75,887.78 426,727.56 3,581,715.72 0.00 4,084,331.06
120 Days 1 8 38 0 47
31,101.55 583,181.64 2,608,550.93 0.00 3,222,834.12
150 Days 0 4 31 0 35
0.00 352,864.63 2,056,823.35 0.00 2,409,687.98
180 Days 3 14 69 2 88
200,633.59 919,825.15 4,777,512.53 89,777.74 5,987,749.01
Totals 234 67 220 2 523
14,236,206.49 4,286,243.20 15,349,011.54 89,777.74 33,961,238.97
0-29 Days 0.380952% 0.155844% 0.000000% 0.536797%
0.340569% 0.144496% 0.000000% 0.485065%
30 Days 2.926407% 0.069264% 0.086580% 0.000000% 3.082251%
2.576541% 0.045985% 0.069331% 0.000000% 2.691857%
60 Days 1.021645% 0.121212% 0.346320% 0.000000% 1.489177%
1.048066% 0.134850% 0.391049% 0.000000% 1.573965%
90 Days 0.034632% 0.138528% 0.831169% 0.000000% 1.004329%
0.019748% 0.111046% 0.932062% 0.000000% 1.062857%
120 Days 0.017316% 0.138528% 0.658009% 0.000000% 0.813853%
0.008093% 0.151760% 0.678818% 0.000000% 0.838671%
150 Days 0.000000% 0.069264% 0.536797% 0.000000% 0.606061%
0.000000% 0.091825% 0.535243% 0.000000% 0.627068%
180 Days 0.051948% 0.242424% 1.194805% 0.034632% 1.523810%
0.052210% 0.239364% 1.243242% 0.023363% 1.558179%
Totals 4.051948% 1.160173% 3.809524% 0.034632% 9.056277%
3.704658% 1.115400% 3.994241% 0.023363% 8.837662%
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 1 0 3
172,538.68 43,199.31 0.00 215,737.99
30 Days 48 1 2 0 51
4,131,619.56 79,851.09 138,154.85 0.00 4,349,625.50
60 Days 25 1 4 0 30
2,548,289.66 87,379.56 285,474.04 0.00 2,921,143.26
90 Days 1 6 22 0 29
243,203.87 428,278.28 2,589,621.51 0.00 3,261,103.66
120 Days 0 3 11 0 14
0.00 123,371.41 1,169,643.46 0.00 1,293,014.87
150 Days 0 2 8 0 10
0.00 454,232.85 835,060.90 0.00 1,289,293.75
180 Days 0 2 28 0 30
0.00 106,367.82 3,480,390.46 0.00 3,586,758.28
Totals 74 17 76 0 167
6,923,113.09 1,452,019.69 8,541,544.53 0.00 16,916,677.31
0-29 Days 0.107933% 0.053967% 0.000000% 0.161900%
0.094760% 0.023726% 0.000000% 0.118486%
30 Days 2.590394% 0.053967% 0.107933% 0.000000% 2.752294%
2.269135% 0.043855% 0.075876% 0.000000% 2.388866%
60 Days 1.349164% 0.053967% 0.215866% 0.000000% 1.618996%
1.399551% 0.047990% 0.156786% 0.000000% 1.604327%
90 Days 0.053967% 0.323799% 1.187264% 0.000000% 1.565030%
0.133570% 0.235216% 1.422251% 0.000000% 1.791037%
120 Days 0.000000% 0.161900% 0.593632% 0.000000% 0.755532%
0.000000% 0.067757% 0.642382% 0.000000% 0.710139%
150 Days 0.000000% 0.107933% 0.431732% 0.000000% 0.539665%
0.000000% 0.249470% 0.458625% 0.000000% 0.708096%
180 Days 0.000000% 0.107933% 1.511063% 0.000000% 1.618996%
0.000000% 0.058418% 1.911472% 0.000000% 1.969891%
Totals 3.993524% 0.917431% 4.101457% 0.000000% 9.012412%
3.802256% 0.797467% 4.691118% 0.000000% 9.290841%
<FN>
(7) Delinquencies are stratfied according to the information the Servicer has provided. Bankruptcy, 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 464,186.33
</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 11.106905%
Weighted Average Net Coupon 10.599405%
Weighted Average Pass-Through Rate 0.000000%
Weighted Average Maturity(Stepdown Calculation ) 280
Beginning Scheduled Collateral Loan Count 7,720
Number Of Loans Paid In Full 92
Ending Scheduled Collateral Loan Count 7,628
Beginning Scheduled Collateral Balance 573,667,026.32
Ending Scheduled Collateral Balance 566,357,605.16
Ending Actual Collateral Balance at 31-Oct-2000 566,357,605.16
Monthly P &I Constant 5,807,502.21
Ending Scheduled Balance for Premium Loans 566,357,605.16
</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 11.180535 10.952386
Weighted Average Net Rate 10.673035 10.444886
Weighted Average Maturity 251.00 350.00
Beginning Loan Count 5,836 1,884 7,720
Loans Paid In Full 61 31 92
Ending Loan Count 5,775 1,853 7,628
Beginning Scheduled Balance 388,529,095.57 185,137,930.75 573,667,026.32
Ending scheduled Balance 384,278,538.61 182,079,066.55 566,357,605.16
Record Date 10/31/2000 10/31/2000
Principal And Interest Constant 4,035,076.14 1,772,426.07 5,807,502.21
Scheduled Principal 415,106.75 82,674.31 497,781.06
Unscheduled Principal 3,835,450.21 2,976,189.89 6,811,640.10
Scheduled Interest 3,619,969.39 1,689,751.76 5,309,721.15
Servicing Fees 161,887.12 77,140.81 239,027.93
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 2,428.31 1,157.10 3,585.41
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 3,455,653.96 1,611,453.85 5,067,107.81
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>
|
|