|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: PROVIDENT BANK, 8-K, 2001-01-04 |
Next: PROVIDENT BANK, 8-K, 2001-01-04 |
<TABLE>
<CAPTION>
The Provident Bank
Mortgage Pass-Through Certificates
Record Date: 11/30/2000
Distribution Date: 12/26/2000
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 6.88750% 304,007,791.96 1,686,715.45 3,355,758.21
A-2 743844DB5 SEQ 6.88750% 193,028,082.44 1,070,970.74 2,576,966.84
X-1 PRV0002X1 IO 4.25859% 0.00 1,078,921.46 0.00
X-2 PRV0002X2 IO 4.00094% 0.00 643,630.57 0.00
R PRV00002R RES 0.00000% 0.00 156,068.60 0.00
Totals 497,035,874.40 4,636,306.82 5,932,725.05
</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 0.00 300,652,033.75 5,042,473.66 0.00
A-2 0.00 190,451,115.60 3,647,937.58 0.00
X-1 0.00 0.00 1,078,921.46 0.00
X-2 0.00 0.00 643,630.57 0.00
R 0.00 0.00 156,068.60 0.00
Totals 0.00 491,103,149.35 10,569,031.87 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-1 315,000,000.00 304,007,791.96 314,999.53 3,040,758.68 0.00 0.00
A-2 200,000,000.00 193,028,082.44 85,302.24 2,491,664.60 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 515,000,000.00 497,035,874.40 400,301.77 5,532,423.28 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 3,355,758.21 300,652,033.75 0.95445090 3,355,758.21
A-2 2,576,966.84 190,451,115.60 0.95225558 2,576,966.84
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 5,932,725.05 491,103,149.35 0.95359835 5,932,725.05
</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-1 315,000,000.00 965.10410146 0.99999851 9.65320216 0.00000000
A-2 200,000,000.00 965.14041220 0.42651120 12.45832300 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 10.65320067 954.45090079 0.95445090 10.65320067
A-2 0.00000000 12.88483420 952.25557800 0.95225558 12.88483420
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 6.88750% 304,007,791.96 1,686,715.45 0.00 0.00
A-2 200,000,000.00 6.88750% 193,028,082.44 1,070,970.74 0.00 0.00
X-1 0.00 4.25859% 304,022,359.44 1,078,921.46 0.00 0.00
X-2 0.00 4.00094% 193,036,414.78 643,605.24 0.00 0.00
R 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 515,000,000.00 4,480,212.89 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 1,686,715.45 0.00 300,652,033.75
A-2 0.00 0.00 1,070,970.74 0.00 190,451,115.60
X-1 0.00 0.00 1,078,921.46 0.00 300,666,601.23
X-2 0.00 0.00 643,630.57 0.00 190,459,447.94
R 0.00 0.00 156,068.60 0.00 0.00
Totals 0.00 0.00 4,636,306.82 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 6.88750% 965.10410146 5.35465222 0.00000000 0.00000000
A-2 200,000,000.00 6.88750% 965.14041220 5.35485370 0.00000000 0.00000000
X-1 0.00 4.25859% 1053.59681944 3.73902834 0.00000000 0.00000000
X-2 0.00 4.00094% 1043.60841517 3.47950849 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 5.35465222 0.00000000 954.45090079
A-2 0.00000000 0.00000000 5.35485370 0.00000000 952.25557800
X-1 0.00000000 0.00000000 3.73902834 0.00000000 1041.96735843
X-2 0.00000000 0.00000000 3.47964543 0.00000000 1029.67661747
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 10,479,420.59
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 374,380.71
Realized Losses 0.00
Total Deposits 10,853,801.30
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 284,769.43
Payment of Interest and Principal 10,569,031.87
Total Withdrawals (Pool Distribution Amount) 10,853,801.30
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 207,107.81
Trustee Fee 3,106.62
MBIA Fee 74,555.00
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 284,769.43
</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 11 4 0 15
844,697.85 330,071.20 0.00 1,174,769.05
30 Days 209 6 6 0 221
14,601,201.17 363,665.26 454,274.37 0.00 15,419,140.80
60 Days 83 6 7 0 96
5,492,957.10 694,659.55 597,111.77 0.00 6,784,728.42
90 Days 5 5 68 1 79
438,625.11 292,767.60 5,192,227.13 30,985.73 5,954,605.57
120 Days 0 5 63 0 68
0.00 358,274.87 5,186,312.82 0.00 5,544,587.69
150 Days 0 2 41 0 43
0.00 97,625.53 3,676,985.48 0.00 3,774,611.01
180+ Days 0 1 13 0 14
0.00 44,374.41 1,121,427.99 0.00 1,165,802.40
Totals 297 36 202 1 536
20,532,783.38 2,696,065.07 16,558,410.76 30,985.73 39,818,244.94
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 0.166920% 0.060698% 0.000000% 0.227618%
0.171992% 0.067207% 0.000000% 0.239199%
30 Days 3.171472% 0.091047% 0.091047% 0.000000% 3.353566%
2.973005% 0.074047% 0.092496% 0.000000% 3.139549%
60 Days 1.259484% 0.091047% 0.106222% 0.000000% 1.456753%
1.118441% 0.141442% 0.121580% 0.000000% 1.381464%
90 Days 0.075873% 0.075873% 1.031866% 0.015175% 1.198786%
0.089310% 0.059611% 1.057209% 0.006309% 1.212439%
120 Days 0.000000% 0.075873% 0.955994% 0.000000% 1.031866%
0.000000% 0.072950% 1.056004% 0.000000% 1.128954%
150 Days 0.000000% 0.030349% 0.622155% 0.000000% 0.652504%
0.000000% 0.019878% 0.748685% 0.000000% 0.768563%
180+ Days 0.000000% 0.015175% 0.197269% 0.000000% 0.212443%
0.000000% 0.009035% 0.228338% 0.000000% 0.237373%
Totals 4.506829% 0.546282% 3.065250% 0.015175% 8.133536%
4.180756% 0.548956% 3.371520% 0.006309% 8.107541%
</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 7 3 0 10
401,917.98 178,265.43 0.00 580,183.41
30 Days 139 5 2 0 146
7,986,584.19 331,697.96 236,861.95 0.00 8,555,144.10
60 Days 49 4 4 0 57
3,347,428.43 481,600.59 292,104.81 0.00 4,121,133.83
90 Days 4 4 42 1 51
315,529.59 259,402.23 2,856,926.86 30,985.73 3,462,844.41
120 Days 0 3 39 0 42
0.00 139,165.36 2,907,986.34 0.00 3,047,151.70
150 Days 0 2 22 0 24
0.00 97,625.53 1,889,462.78 0.00 1,987,088.31
180 Days 0 1 9 0 10
0.00 44,374.41 652,699.73 0.00 697,074.14
Totals 192 26 121 1 340
11,649,542.21 1,755,784.06 9,014,307.90 30,985.73 22,450,619.90
0-29 Days 0.155107% 0.066475% 0.000000% 0.221582%
0.133676% 0.059290% 0.000000% 0.192966%
30 Days 3.079991% 0.110791% 0.044316% 0.000000% 3.235099%
2.656292% 0.110321% 0.078779% 0.000000% 2.845392%
60 Days 1.085752% 0.088633% 0.088633% 0.000000% 1.263018%
1.113336% 0.160178% 0.097152% 0.000000% 1.370666%
90 Days 0.088633% 0.088633% 0.930645% 0.022158% 1.130069%
0.104943% 0.086276% 0.950198% 0.010306% 1.151722%
120 Days 0.000000% 0.066475% 0.864170% 0.000000% 0.930645%
0.000000% 0.046286% 0.967180% 0.000000% 1.013465%
150 Days 0.000000% 0.044316% 0.487481% 0.000000% 0.531797%
0.000000% 0.032470% 0.628425% 0.000000% 0.660894%
180 Days 0.000000% 0.022158% 0.199424% 0.000000% 0.221582%
0.000000% 0.014759% 0.217084% 0.000000% 0.231843%
Totals 4.254376% 0.576113% 2.681143% 0.022158% 7.533791%
3.874571% 0.583964% 2.998107% 0.010306% 7.466948%
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 4 1 0 5
442,779.87 151,805.77 0.00 594,585.64
30 Days 70 1 4 0 75
6,614,616.98 31,967.30 217,412.42 0.00 6,863,996.70
60 Days 34 2 3 0 39
2,145,528.67 213,058.96 305,006.96 0.00 2,663,594.59
90 Days 1 1 26 0 28
123,095.52 33,365.37 2,335,300.27 0.00 2,491,761.16
120 Days 0 2 24 0 26
0.00 219,109.51 2,278,326.48 0.00 2,497,435.99
150 Days 0 0 19 0 19
0.00 0.00 1,787,522.70 0.00 1,787,522.70
180 Days 0 0 4 0 4
0.00 0.00 468,728.26 0.00 468,728.26
Totals 105 10 81 0 196
8,883,241.17 940,281.01 7,544,102.86 0.00 17,367,625.04
0-29 Days 0.192585% 0.048146% 0.000000% 0.240732%
0.232480% 0.079705% 0.000000% 0.312185%
30 Days 3.370246% 0.048146% 0.192585% 0.000000% 3.610977%
3.472979% 0.016784% 0.114152% 0.000000% 3.603915%
60 Days 1.636976% 0.096293% 0.144439% 0.000000% 1.877708%
1.126502% 0.111866% 0.160143% 0.000000% 1.398510%
90 Days 0.048146% 0.048146% 1.251805% 0.000000% 1.348098%
0.064631% 0.017518% 1.226140% 0.000000% 1.308290%
120 Days 0.000000% 0.096293% 1.155513% 0.000000% 1.251805%
0.000000% 0.115043% 1.196227% 0.000000% 1.311269%
150 Days 0.000000% 0.000000% 0.914781% 0.000000% 0.914781%
0.000000% 0.000000% 0.938532% 0.000000% 0.938532%
180 Days 0.000000% 0.000000% 0.192585% 0.000000% 0.192585%
0.000000% 0.000000% 0.246104% 0.000000% 0.246104%
Totals 5.055368% 0.481464% 3.899856% 0.000000% 9.436688%
4.664112% 0.493691% 3.961002% 0.000000% 9.118805%
<FN>
(7) Delinquencies are stratified according to the information the Servicer has provided.
</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 374,380.71
</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 11.503943%
Weighted Average Net Coupon 10.996443%
Weighted Average Pass-Through Rate 0.000000%
Weighted Average Maturity(Stepdown Calculation ) 329
Beginning Scheduled Collateral Loan Count 6,671
Number Of Loans Paid In Full 81
Ending Scheduled Collateral Loan Count 6,590
Beginning Scheduled Collateral Balance 497,058,774.22
Ending Scheduled Collateral Balance 491,126,049.17
Ending Actual Collateral Balance at 30-Nov-2000 491,126,049.17
Monthly P &I Constant 5,165,414.97
Ending Scheduled Balance for Premium Loans 491,126,049.17
</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 11.604004 11.346352
Weighted Average Net Rate 11.096504 10.838852
Weighted Average Maturity 314.00 329.00
Beginning Loan Count 4,567 2,104 6,671
Loans Paid In Full 54 27 81
Ending Loan Count 4,513 2,077 6,590
Beginning Scheduled Balance 304,022,359.44 193,036,414.78 497,058,774.22
Ending scheduled Balance 300,666,601.23 190,459,447.94 491,126,049.17
Record Date 11/30/2000 11/30/2000
Principal And Interest Constant 3,254,896.74 1,910,518.23 5,165,414.97
Scheduled Principal 314,999.53 85,302.24 400,301.77
Unscheduled Principal 3,040,758.68 2,491,664.60 5,532,423.28
Scheduled Interest 2,939,897.21 1,825,215.99 4,765,113.20
Servicing Fees 126,675.97 80,431.84 207,107.81
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,900.13 1,206.49 3,106.62
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 2,811,321.11 1,743,577.66 4,554,898.77
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>
|
|