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Previous: SOURCE ONE MORTGAGE SERVICES CORP, 8-K, 1995-12-01 |
Next: CS FIRST BOSTON MORTGAGE SECURITIES CORP /DE/, 8-K, 1995-12-01 |
<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report: November 29, 1995
Source One Mortgage Services Corporation
(Exact name of registrant as specified in its charter)
Delaware 1-12898 38-2011419
-------- ------- ----------
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
27555 Farmington Road
Farmington Hills, Michigan 48334-3357
- -------------------------- ----------
(Address of principal (Zip Code)
executive offices)
Registrant's telephone number, including area code (810) 488-7000
Total pages: 7
<PAGE> 2
Item 5. Other Events
------------
None applicable.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
------------------------------------------------------------------
See attached Distribution Reports as of November 25, 1995 for Series
1987-2, Distribution Reports as of December 1, 1995 for Series 1988-1
and 1988-2, and Distribution Reports as of November 20, 1995 for
Series 1990-1.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
SOURCE ONE MORTGAGE SERVICES CORPORATION
(Registrant)
Date: November 29, 1995 By: /s/ Ruth D. Brod
-----------------------------------
Ruth D. Brod
Assistant Vice President
<PAGE> 3
FIREMAN'S FUND MORTGAGE CORPORATION
AGENCY MBS MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1987-2
Distribution Date Statement for November 25, 1995
<TABLE>
<CAPTION>
COUPON Principal Number of Interest Interest
Class RATE Outstanding Certificates Accrued Payable
- ----- -------- ---------------- ----------- -------------- ----------------
<S> <C> <C> <C> <C> <C>
2-A 0.0000% $0.00 45,100 $0.00 $0.00
2-B 7.0000% $0.00 18,000 $0.00 $0.00
2-C 7.0000% $0.00 19,700 $0.00 $0.00
2-D 9.5500% $ 6,366,000.00* 6,906 $50,662.75 $50,662.75
2-E 9.9500% $11,207,735.78 5,200 $92,930.81 $0.00
---------------- ----------- -------------- ----------------
$17,573,735.78 94,906 $143,593.56 $50,662.75
</TABLE>
<TABLE>
<S> <C>
Agency MBS Collections:
Interest $146,609.59
Principal $170,911.75
Investment Income $681.29
Excess from previous month 379.54
----------------
TOTAL AVAILABLE $318,582.17
Due to Class 2-D INTEREST ($50,662.75)
Due to Class 2-D REDEMPTION ($264,222.10)
Due to Class 2-D (rounded down to even $1,000) ($264,000.00)
Excess in Collection Account ($222.10)
----------------
Available for Expenses and Residual Payments $3,697.32
Expenses Payable ($1,891.28)
----------------
Net Balance $1,806.04
=================
Due to Residual Holders $1,806.04
Amount Payable Per Individual
Residual Certificate (5% Denomination): $90.3020
</TABLE>
<TABLE>
<CAPTION>
Interest Principal Principal Per $1,000
Payable Per Principal Payable Per Balance After CTF After
Class $1,000 CTF Payable $1,000 CTF November 25, 1995 November 25, 1995
- --------- ------------ -------------- ---------------- -------------------- -------------------
<S> <C> <C> <C> <C> <C>
2-A $0.000000 $0.000000 $0.000000
2-B $0.000000 $0.000000 $0.000000
2-C $0.000000 $0.000000 $0.000000
2-D $7.336048 $264,000.00** - $6,102,000.00 $1,000.000000
2-E $0.000000 - - $11,300,666.59 $2,173.205113
-------------- -----------------
$0.00 $17,402,666.59
</TABLE>
<TABLE>
<S> <C>
Ending Aggregate Agency MBS Balance: $17,422,235.61
Excess in collection Act as/Oct 25 $379.54
Accrual Distribution Amount: $92,930.81
Aggregate Cash Flow Value Decline: $170,911.75
Principal to Class 2-D Redemption ($264,000.00)
-----------------
$222.10
Principal Distributable to Class 2-D $264,000.00
-----------------
Aggregate Amount of Principal Distributable: $264,222.10
</TABLE>
THE FIRST NATIONAL BANK OF CHICAGO,
as Trustee
Corporate Trust Division
Suite 0126
One First National Plaza
Chicago, Illinois 60670
(312)407-4660
** THIS IS A REDEMPTION PAYMENT TO SPECIFIC HOLDERS ELECTING A PUT OPTION.
<PAGE> 4
FIREMAN'S FUND MORTGAGE CORPORATION
AGENCY MBS MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1988-1
Distribution Date Statement for December 1, 1995
<TABLE>
<CAPTION>
COUPON Principal Number of Interest Interest
Class RATE Outstanding Certificates Accrued Payable
- ----- -------- ---------------- ----------- -------------- ----------------
<S> <C> <C> <C> <C> <C>
A 0.0000% $0.00 38,510 $0.00 $0.00
B 8.0000% $0.00 51,050 $0.00 $0.00
Z 9.9000% $18,143,194.90 10,440 $149,681.36 $149,681.36
---------------- ----------- -------------- ----------------
$18,143,194.90 100,000 $149,681.36 $149,681.36
</TABLE>
<TABLE>
<S> <C>
Agency MBS Collections:
Interest $151,195.48
Principal $497,278.98
Investment Income $803.08
----------------
TOTAL AVAILABLE $649,277.54
Due to Certificateholders ($646,960.34)
----------------
Available for Expenses and Residual Payments $2,317.20
Expenses Payable ($1,906.30)
----------------
Net Balance $410.90
================
Due to Residual Holders $410.90
Amount Payable Per Individual
Residual Certificate (5% Denomination): $20.5450
</TABLE>
<TABLE>
<CAPTION>
Principal Balance
Interest Principal Principal Per $1,000
Payable Per Principal Payable Per Balance After CTF After
Class $1,000 CTF Payable* $1,000 CTF December 1, 1995 December 1, 1995
- ----- ------------ -------------- ------------ ---------------- ----------------
<S> <C> <C> <C> <C> <C>
A $0.000000 $0.00 $0.000000 $0.00 $0.000000
B $0.000000 $0.00 $0.000000 $0.00 $0.000000
Z $14.337295 $497,278.98 $47.632086 $17,645,915.92 $1,690.221831
-------------- ----------------
$497,278.98 $17,645,915.92
Ending Aggregate Agency MBS Balance: $17,646,183.45
</TABLE>
<TABLE>
<S> <C>
Accrual Distribution Amount: $0.00
Aggregate Cash Flow Value Decline: $497,278.98
----------------
*Aggregate Amount of Principal Distributable: $497,278.98
Principal Allocation: Class A: 0.000%
Class B: 0.000%
</TABLE>
THE FIRST NATIONAL BANK OF CHICAGO,
as Trustee
Corporate Trust Division
Suite 0126
One First National Plaza
Chicago, Illinois 60670
(312)407-4660
*
<PAGE> 5
FIREMAN'S FUND MORTGAGE CORPORATION
AGENCY MBS MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1988-2
Distribution Date Statement for December 1, 1995
<TABLE>
<CAPTION>
COUPON Principal Number of Interest Interest
Class RATE Outstanding Certificates Accrued Payable
- ----- -------- ---------------- ----------- -------------- ---------------
<S> <C> <C> <C> <C> <C>
2-A 6.5750% $644,068.73 39,750 $3,528.96 $3,528.96
2-B 7.0000% $0.00 24,540 $0.00 $0.00
2-C 7.0000% $0.00 10,930 $0.00 $0.00
2-D 7.0000% $810,892.81 14,580 $4,730.21 $4,730.21
2-Z 9.4000% $20,283,588.75 10,200 $158,888.11 $0.00
---------------- ----------- -------------- ----------------
$21,738,550.29 100,000 $167,147.28 $8,259.17
</TABLE>
<TABLE>
<S> <C>
Agency MBS Collections :
Interest $172,096.97
Principal $430,574.67
Investment Income $1,518.27
---------------
TOTAL AVAILABLE $604,189.91
Due to Certificateholders ($597,721.95)
---------------
Available for Expenses and Residual Payments $6,467.96
Expenses Payable ($1,971.01)
---------------
Net Balance $4,496.95
===============
Due to Residual Holders $4,496.95
Amount Payable Per Individual
Residual Certificate (5% Denomination): $224.8475
</TABLE>
<TABLE>
<CAPTION>
Principal Balance
Interest Principal Principal Per $1,000
Payable Per Principal Payable Per Balance After CTF After
Class $1,000 CTF Payable* $1,000 CTF December 1, 1995 December 1, 1995
- ----- ------------ --------------- ------------ ---------------- ----------------
<S> <C> <C> <C> <C> <C>
2-A $0.088779 $260,925.70 $6.564169 $383,143.03 $9.638818
2-B $0.000000 $0.00 $0.000000 $0.00 $0.000000
2-C $0.000000 $0.00 $0.000000 $0.00 $0.000000
2-D $0.324431 $328,537.08 $22.533407 $482,355.73 $33.083383
2-Z $0.000000 - - $20,442,476.86 $2,004.164398
--------------- ----------------
$589,462.78 $21,307,975.62
</TABLE>
Ending Aggregate Agency MBS Balance: $21,307,990.37
<TABLE>
<S> <C>
Accrual Distribution Amount: $158,888.11
Aggregate Cash Flow Value Decline: $430,574.67
----------------
*Aggregate Amount of Principal Distributable: $589,462.78
Principal Allocation: Class 2-A: 44.2650%
Class 2-D: 55.7350%
</TABLE>
THE FIRST NATIONAL BANK OF CHICAGO,
as Trustee
Corporate Trust Division
Suite 0126
One First National Plaza
Chicago, Illinois 60670
(312)407-4660
<PAGE> 6
FIREMAN'S FUND MORTGAGE CORPORATION
AGENCY MBS MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1990-1
Distribution Date Statement for November 20, 1995
UPPER TIER REMIC REGULAR CERTIFICATES
<TABLE>
<CAPTION>
Principal
Balance Per
Principal $1,000
Interest Principal Balance After CTF After
COUPON Principal Number of Interest Interest Payable Per Principal Payable Per November 20, November 20,
Class RATE Outstanding Cert. Accrued Payable $1,000 CTF Payable* $1,000 CTF 1995 1995
- ----- ----- ------------ --------- -------------- ---------- ------------ --------- ----------- ------------- -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1-A 8.5000% $0.00 15,250 $0.00 $0.00 $0.000000 $0.00 $0.000000 $0.00 $0.000000
1-B 9.0000% $0.00 10,500 $0.00 $0.00 $0.000000 $0.00 $0.000000 $0.00 $0.000000
1-C 9.0000% $0.00 6,500 $0.00 $0.00 $0.000000 $0.00 $0.000000 $0.00 $0.000000
1-D 9.0000% $6,118,253.04 16,500 $45,886.90 $45,886.90 $2.781024 $405,559.04 $24.579336 $5,712,694.00 $346.223879
1-E 9.0000% $12,000,000.00 12,000 $90,000.00 $90,000.00 $7.500000 - - $12,000,000.00 $1,000.000000
1-F 0.0000% $0.00 18,500 $0.00 $0.00 $0.000000 $0.00 $0.000000 $0.00 $0.000000
1-G 0.0000% $0.00 12,450 $0.00 $0.00 $0.000000 $0.00 $0.000000 $0.00 $0.000000
1-H 0.0000% $0.00 4,850 $0.00 $0.00 $0.000000 $0.00 $0.000000 $0.00 $0.000000
1-I 259.5000% $36,236.51 152 $7,836.15 $7,836.15 $51.553618 $811.12 $5.336316 $35,425.39 $233.061776
--------------- ------- ----------- ------------ ------------ --------------
$18,154,489.55 96,702 $143,723.05 $143,723.05 $406,370.16 $17,748,119.39
<CAPTION>
UPPER TIER REMIC REGULAR CERTIFICATES
Principal
Balance Per
Principal $1,000
Interest Principal Balance After After
COUPON Principal Number of Interest Interest Payable Per Principal Payable Per November 20, November 20,
Class RATE Outstanding Cert. Accrued Payable $1,000 CTF Payable* $1,000 CTF 1995 1995
- ----- ----- ------------ --------- -------------- ---------- ------------ --------- ----------- ------------- -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1-R 0.0000% $0.00 3,298 $7.96 $7.96 $0.002414 $0.00 $0.000000 $0.00 $0.000000
<CAPTION>
LOWER TIER REMIC REGULAR INTERESTS
Principal
COUPON Principal Number of Interest Principal Balance After
Class RATE Outstanding Certificates Accrued Payable* November 20, 1995
- ----- --------- ---------------- ----------- ------------ -------------- -----------------
<S> <C> <C> <C> <C> <C> <C>
1-AS 9.5000% $0.00 15,311 $0.00 $0.00 $0.00
1-BS 9.5000% $0.00 10,521 $0.00 $0.00 $0.00
1-CS 9.5000% $0.00 6,513 $0.00 $0.00 $0.00
1-DS 9.5000% $6,147,907.52 16,533 $48,670.93 $406,370.16 $5,741,537.36
1-ES 9.5000% $12,024,000.00 12,024 $95,190.00 - $12,024,000.00
1-FS 9.5000% $0.00 30,950 $0.00 $0.00 $0.00
1-HS 9.5000% $0.00 8,148 $0.00 $0.00 $0.00
--------------- ----------- ------------ -------------- -----------------
$18,171,907.52 100,000 $143,860.93 $406,370.16 $17,765,537.36
</TABLE>
<PAGE> 7
<TABLE>
<S> <C>
Agency MBS Collections:
Interest $790,054.51
Principal $99,819.26
Investment Income $485.39
--------------
Lower Tier REMIC Collection Account $890,359.16
--------------
Upper Tier REMIC Collection Account $890,227.64
Aggregate Prin Payable to Holders of
Upper Tier REMIC Regular Certificates ($273,746.19)
Aggregate Interest Payable to Holders of
Upper Tier Remic Regular Certificates ($159,730.84)
Expenses Payable $0.00
REMIC Taxes Payable $0.00
Interest Payable to Class 1-R Certificate ($82,011.91)
Principal Payable to Class 1-R Certificate $0.00
</TABLE>
<TABLE>
<S><C>
Ending Aggregate Agency MBS Balance: $99,696,539.20
Aggregate Cash Flow Value Decline: $99,819.26
----------------
*Aggregate Amount of Principal Distributable: $99,819.26
Principal Allocation: Class 1-F: 79.16005933%
Class 1-R: 20.83994067%
</TABLE>
<PAGE> 8
FIREMAN'S FUND MORTGAGE CORPORATION
AGENCY MBS MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1990-1
DISTRIBUTION DATE STATEMENT FOR November 20, 1995
<TABLE>
<S> <C> <C> <C>
Beginning Aggregate Agency MBS Balance: $100,001,006.61
Agency MBS Collections: Ending Aggregate Agency MBS Balance: $17,749,125.82
Interest $143,731.01
Principal $406,370.16
Investment Income $485.39 Aggregate Cash Flow Value Decline: $406,370.16
---------------- ----------------
Lower Tier REMIC Collection Account $550,586.56 *Aggregate Amount of Principal Distributable: $406,370.16
----------------
Upper Tier REMIC Collection Account $550,586.56
Aggregate Prin Payable to Holders of Principal Allocation:
Upper Tier REMIC Regular Certificate ($406,370.16)
Aggregate Interest Payable to Holders of Aggregate Amount of Principal
Upper Tier REMIC Regular Certificates ($143,723.05) Distributable to Classes 1-D and 1-I:
Expenses Payable $0.00 Class 1-D: 2.45793358%
Class 1-I: 0.53363158%
REMIC Taxes Payable $0.00 Aggregate Amount of Principal
Distributable to Classes 1-G,1-H and 1-R:
Interest Payable to Class 1-R Certificate ($7.96)
Class 1-R: 0.00000000%
Principal Payable to Class 1-R Certificate $0.00
Due to Class 1-RS Certificate ($485.39)
--------------- THE FIRST NATIONAL BANK OF CHICAGO,
Net Balance $0.00 as Trustee
=============== Corporate Trust Division
Suite 0126
One First National Plaza
Chicago, Illinois 60670
(312)407-4660
</TABLE>
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