GREENWICH CAPITAL ACCEPTANCE INC
8-K, EX-99.1, 2000-12-28
ASSET-BACKED SECURITIES
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<TABLE>
<CAPTION>
HSBC Mortgage Corporation (USA)
Mortgage Pass-Through Certificates



Record Date:            11/30/00
Distribution Date:      12/15/00


HSB  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        40428WAA7       SEN_FLT         7.11000%    137,000,000.00      811,725.00    3,392,033.56
    A-2        40428WAB5       SEN_FLT         7.11000%     99,000,000.00      586,575.00            0.00
    A-3        40428WAC3       SEN_FLT         7.11000%    137,493,000.00      814,646.02            0.00
     X         40428WAD1       SEN_FLT         0.15000%              0.00       49,014.93            0.00
    B-1        40428WAF6       JUN_FLT         7.11000%      5,881,000.00       34,844.92            0.00
    B-2        40428WAG4       JUN_FLT         7.11000%      3,921,000.00       23,231.93            0.00
    B-3        40428WAH2       JUN_FLT         7.11000%      2,940,000.00       17,419.50            0.00
    B-4        40428WAJ8       JUN_FLT         7.11000%      2,156,000.00       12,774.30            0.00
    B-5        40428WAK5       JUN_FLT         7.11000%      1,372,000.00        8,129.10            0.00
    B-6        40428WAL3       JUN_FLT         7.11000%      2,356,309.58       13,961.13            0.00
    A-R        40428WAE9       SEN_RES         7.11000%            100.00           25.47          100.00
    R-1                        RESIDUAL        0.00000%              0.00            0.00            0.00
    R-2                        RESIDUAL        0.00000%              0.00            0.00            0.00
Totals                                                     392,119,409.58    2,372,347.30    3,392,133.56
</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         133,607,966.44             4,203,758.56                      0.00
A-2                            0.00          99,000,000.00               586,575.00                      0.00
A-3                            0.00         137,493,000.00               814,646.02                      0.00
X                              0.00                   0.00                49,014.93                      0.00
B-1                            0.00           5,881,000.00                34,844.92                      0.00
B-2                            0.00           3,921,000.00                23,231.93                      0.00
B-3                            0.00           2,940,000.00                17,419.50                      0.00
B-4                            0.00           2,156,000.00                12,774.30                      0.00
B-5                            0.00           1,372,000.00                 8,129.10                      0.00
B-6                            0.00           2,356,309.58                13,961.13                      0.00
A-R                            0.00                   0.00                   125.47                      0.00
R-1                            0.00                   0.00                     0.00                      0.00
R-2                            0.00                   0.00                     0.00                      0.00
Totals                         0.00         388,727,276.02             5,764,480.86                      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                 137,000,000.00     137,000,000.00         282,109.77    3,109,923.79           0.00            0.00
A-2                  99,000,000.00      99,000,000.00               0.00            0.00           0.00            0.00
A-3                 137,493,000.00     137,493,000.00               0.00            0.00           0.00            0.00
X                             0.00               0.00               0.00            0.00           0.00            0.00
B-1                   5,881,000.00       5,881,000.00               0.00            0.00           0.00            0.00
B-2                   3,921,000.00       3,921,000.00               0.00            0.00           0.00            0.00
B-3                   2,940,000.00       2,940,000.00               0.00            0.00           0.00            0.00
B-4                   2,156,000.00       2,156,000.00               0.00            0.00           0.00            0.00
B-5                   1,372,000.00       1,372,000.00               0.00            0.00           0.00            0.00
B-6                   2,356,309.58       2,356,309.58               0.00            0.00           0.00            0.00
A-R                         100.00             100.00               8.32           91.68           0.00            0.00
R-1                           0.00               0.00               0.00            0.00           0.00            0.00
R-2                           0.00               0.00               0.00            0.00           0.00            0.00
Totals              392,119,409.58     392,119,409.58         282,118.09    3,110,015.47           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                           3,392,033.56        133,607,966.44           0.97524063      3,392,033.56
A-2                                   0.00         99,000,000.00           1.00000000              0.00
A-3                                   0.00        137,493,000.00           1.00000000              0.00
X                                     0.00                  0.00           0.00000000              0.00
B-1                                   0.00          5,881,000.00           1.00000000              0.00
B-2                                   0.00          3,921,000.00           1.00000000              0.00
B-3                                   0.00          2,940,000.00           1.00000000              0.00
B-4                                   0.00          2,156,000.00           1.00000000              0.00
B-5                                   0.00          1,372,000.00           1.00000000              0.00
B-6                                   0.00          2,356,309.58           1.00000000              0.00
A-R                                 100.00                  0.00           0.00000000            100.00
R-1                                   0.00                  0.00           0.00000000              0.00
R-2                                   0.00                  0.00           0.00000000              0.00
Totals                        3,392,133.56        388,727,276.02           0.99134923      3,392,133.56

</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                   137,000,000.00       1000.00000000         2.05919540         22.70017365        0.00000000
A-2                    99,000,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-3                   137,493,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
X                               0.00          0.00000000         0.00000000          0.00000000        0.00000000
B-1                     5,881,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
B-2                     3,921,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
B-3                     2,940,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
B-4                     2,156,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
B-5                     1,372,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
B-6                     2,356,309.58       1000.00000000         0.00000000          0.00000000        0.00000000
A-R                           100.00       1000.00000000        83.20000000        916.80000000        0.00000000
R-1                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
R-2                             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         24.75936905            975.24063095          0.97524063        24.75936905
A-2                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-3                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
X                       0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
B-1                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
B-2                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
B-3                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
B-4                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
B-5                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
B-6                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-R                     0.00000000       1000.00000000              0.00000000          0.00000000      1000.00000000
R-1                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
R-2                     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               137,000,000.00        7.11000%     137,000,000.00          811,725.00           0.00             0.00
A-2                99,000,000.00        7.11000%      99,000,000.00          586,575.00           0.00             0.00
A-3               137,493,000.00        7.11000%     137,493,000.00          814,646.03           0.00             0.00
X                           0.00        0.15000%     392,119,409.58           49,014.93           0.00             0.00
B-1                 5,881,000.00        7.11000%       5,881,000.00           34,844.93           0.00             0.00
B-2                 3,921,000.00        7.11000%       3,921,000.00           23,231.93           0.00             0.00
B-3                 2,940,000.00        7.11000%       2,940,000.00           17,419.50           0.00             0.00
B-4                 2,156,000.00        7.11000%       2,156,000.00           12,774.30           0.00             0.00
B-5                 1,372,000.00        7.11000%       1,372,000.00            8,129.10           0.00             0.00
B-6                 2,356,309.58        7.11000%       2,356,309.58           13,961.13           0.00             0.00
A-R                       100.00        7.11000%             100.00                0.59           0.00             0.00
R-1                         0.00        0.00000%               0.00                0.00           0.00             0.00
R-2                         0.00        0.00000%               0.00                0.00           0.00             0.00
Totals            392,119,409.58                                           2,372,322.44           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           811,725.00                0.00     133,607,966.44
 A-2                            0.00                0.00           586,575.00                0.00      99,000,000.00
 A-3                            0.00                0.00           814,646.02                0.00     137,493,000.00
 X                              0.00                0.00            49,014.93                0.00     388,727,276.02
 B-1                            0.00                0.00            34,844.92                0.00       5,881,000.00
 B-2                            0.00                0.00            23,231.93                0.00       3,921,000.00
 B-3                            0.00                0.00            17,419.50                0.00       2,940,000.00
 B-4                            0.00                0.00            12,774.30                0.00       2,156,000.00
 B-5                            0.00                0.00             8,129.10                0.00       1,372,000.00
 B-6                            0.00                0.00            13,961.13                0.00       2,356,309.58
 A-R                            0.00                0.00                25.47                0.00               0.00
 R-1                            0.00                0.00                 0.00                0.00               0.00
 R-2                            0.00                0.00                 0.00                0.00               0.00
 Totals                         0.00                0.00         2,372,347.30                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                 137,000,000.00        7.11000%        1000.00000000        5.92500000        0.00000000        0.00000000
A-2                  99,000,000.00        7.11000%        1000.00000000        5.92500000        0.00000000        0.00000000
A-3                 137,493,000.00        7.11000%        1000.00000000        5.92500004        0.00000000        0.00000000
X                             0.00        0.15000%        1000.00000000        0.12500001        0.00000000        0.00000000
B-1                   5,881,000.00        7.11000%        1000.00000000        5.92500085        0.00000000        0.00000000
B-2                   3,921,000.00        7.11000%        1000.00000000        5.92500128        0.00000000        0.00000000
B-3                   2,940,000.00        7.11000%        1000.00000000        5.92500000        0.00000000        0.00000000
B-4                   2,156,000.00        7.11000%        1000.00000000        5.92500000        0.00000000        0.00000000
B-5                   1,372,000.00        7.11000%        1000.00000000        5.92500000        0.00000000        0.00000000
B-6                   2,356,309.58        7.11000%        1000.00000000        5.92499819        0.00000000        0.00000000
A-R                         100.00        7.11000%        1000.00000000        5.90000000        0.00000000        0.00000000
R-1                           0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
R-2                           0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
<FN>
(5)  Per $1 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         5.92500000          0.00000000          975.24063095
A-2                   0.00000000        0.00000000         5.92500000          0.00000000         1000.00000000
A-3                   0.00000000        0.00000000         5.92499996          0.00000000         1000.00000000
X                     0.00000000        0.00000000         0.12500001          0.00000000          991.34923323
B-1                   0.00000000        0.00000000         5.92499915          0.00000000         1000.00000000
B-2                   0.00000000        0.00000000         5.92500128          0.00000000         1000.00000000
B-3                   0.00000000        0.00000000         5.92500000          0.00000000         1000.00000000
B-4                   0.00000000        0.00000000         5.92500000          0.00000000         1000.00000000
B-5                   0.00000000        0.00000000         5.92500000          0.00000000         1000.00000000
B-6                   0.00000000        0.00000000         5.92499819          0.00000000         1000.00000000
A-R                   0.00000000        0.00000000       254.70000000          0.00000000            0.00000000
R-1                   0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
R-2                   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 ACCOUNT STATEMENT
                                                      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                        0.00
Deposits
    Payments of Interest and Principal                                                           5,959,680.69
    Liquidations, Insurance Proceeds, Reserve Funds                                                      0.00
    Proceeds from Repurchased Loans                                                                      0.00
    Other Amounts (Servicer Advances)                                                                2,493.71
    Realized Losses                                                                                      0.00
Total Deposits                                                                                   5,962,174.40

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                         197,693.54
    Payment of Interest and Principal                                                            5,764,480.86
Total Withdrawals (Pool Distribution Amount)                                                     5,962,174.40

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                                                                                196,059.70
Trustee - Wells Fargo Bank, N.A.                                                                     1,633.84
Supported Prepayment/Curtailment Interest Shortfall                                                      0.00
Net Servicing Fee                                                                                  197,693.54


</TABLE>

<TABLE>
<CAPTION>                                                      LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT


         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                       0                      0                      0                      0
                                0.00                   0.00                   0.00                   0.00

30 Days   1                     0                      0                      0                      1
          382,849.31            0.00                   0.00                   0.00                   382,849.31

60 Days   0                     0                      0                      0                      0
          0.00                  0.00                   0.00                   0.00                   0.00

90 Days   0                     0                      0                      0                      0
          0.00                  0.00                   0.00                   0.00                   0.00

120 Days  0                     0                      0                      0                      0
          0.00                  0.00                   0.00                   0.00                   0.00

150 Days  0                     0                      0                      0                      0
          0.00                  0.00                   0.00                   0.00                   0.00

180+ Days 0                     0                      0                      0                      0
          0.00                  0.00                   0.00                   0.00                   0.00

Totals    1                     0                      0                      0                      1
          382,849.31            0.00                   0.00                   0.00                   382,849.31


          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                       0.000000%              0.000000%              0.000000%              0.000000%
                                0.000000%              0.000000%              0.000000%              0.000000%

30 Days   0.094877%             0.000000%              0.000000%              0.000000%              0.094877%
          0.098437%             0.000000%              0.000000%              0.000000%              0.098437%

60 Days   0.000000%             0.000000%              0.000000%              0.000000%              0.000000%
          0.000000%             0.000000%              0.000000%              0.000000%              0.000000%

90 Days   0.000000%             0.000000%              0.000000%              0.000000%              0.000000%
          0.000000%             0.000000%              0.000000%              0.000000%              0.000000%

120 Days  0.000000%             0.000000%              0.000000%              0.000000%              0.000000%
          0.000000%             0.000000%              0.000000%              0.000000%              0.000000%

150 Days  0.000000%             0.000000%              0.000000%              0.000000%              0.000000%
          0.000000%             0.000000%              0.000000%              0.000000%              0.000000%

180+ Days 0.000000%             0.000000%              0.000000%              0.000000%              0.000000%
          0.000000%             0.000000%              0.000000%              0.000000%              0.000000%

Totals    0.094877%             0.000000%              0.000000%              0.000000%              0.094877%
          0.098437%             0.000000%              0.000000%              0.000000%              0.098437%

</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                                                                                 2,493.71
</TABLE>



<TABLE>
<CAPTION>

                                                       CREDIT ENHANCEMENT

                                    Original $        Original %         Current $        Current %
                <S>               <C>               <C>               <C>               <C>
                 Bankruptcy         200,000.00       0.05100487%        200,000.00       0.05144995%
                      Fraud       7,842,388.00       1.99999995%      7,842,388.00       2.01745246%
             Special Hazard       6,733,281.00       1.71715065%      6,733,281.00       1.73213495%
<FN>
Limit of Subordinate's Exposure to Certain Types of Losses
</FN>
</TABLE>



 <TABLE>
 <CAPTION>
                               COLLATERAL STATEMENT
 <S>                                                                       <C>
 Collateral Description                                              5/1 CMT ARM

 Weighted Average Gross Coupon                                         7.865076%
 Weighted Average Net Coupon                                           7.265076%
 Weighted Average Pass-Through Rate                                    7.260076%
 Weighted Average Maturity(Stepdown Calculation )                            355
 Beginning Scheduled Collateral Loan Count                                 1,061

 Number Of Loans Paid In Full                                                  7
 Ending Scheduled Collateral Loan Count                                    1,054
 Beginning Scheduled Collateral Balance                           392,119,409.58
 Ending Scheduled Collateral Balance                              388,727,276.02
 Ending Actual Collateral Balance at 30-Nov-2000                  388,927,489.28
 Monthly P &I Constant                                              2,852,158.93
 </TABLE>
<TABLE>
<CAPTION>
<S>                                                                   <C>
Senior Percentage                                                           100%
Subordinate Percentage                                                     0.00%
Senior Prepayment Percentage                                                100%
Pro Rata Senior Percentage                                              95.2498%
</TABLE>













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