SUPPLEMENT dated September 11, 2000 (To Prospectus Supplement dated August 30,
2000 To Prospectus dated March 2, 2000)
FNT TRUST SERIES 2000-1
DLJ MORTGAGE ACCEPTANCE CORP.
Depositor
FNT MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2000-1
$365,013,733
(Approximate)
The prospectus supplement dated August 30, 2000 with respect to the
above captioned series of certificates is hereby amended as follows:
1. The aggregate initial Class Principal Balance of the Offered
Certificates is $365,013,733.
2. The initial Class Principal Balance of each Class of Group 2
Certificates is as follows:
Class II-A-1: $37,493,801 Class II-B-1: $4,551,100
Class II-A-2: $2,245,000 Class II-B-2: $2,022,700
Class II-A-3: $15,940,000 Class II-B-3: $1,601,400
Class II-A-4: $101,184,614 Class II-B-4: $927,100
Class II-P: $1,162,881 Class II-B-5: $674,200
Class II-B-6: $758,593.22
3. The initial Class II-A-5 notional amount is $3,162,019 and the initial
Class II-X-1 notional amount is $7,090,141.
4. As of August 1, 2000, the pool of mortgage loans in Group 2 consists
of approximately 523 mortgage loans, with an aggregate principal balance of
$168,561,489.83.
5. The depositor will acquire 149 mortgage loans with an aggregate Stated
Principal Balance as of the cut-off date of approximately $29,197,708.92.
6. As of the cut-off date, the weighted average rate at which the expense
fees accrue is expected to equal approximately 0.77%.
7. The Class II-A-3 Percentage as of the closing date will be
approximately 9.52%.
8. The information in the decrement and sensitivity tables in this
supplement and prospectus supplement relating to the Group 2 certificates has
been prepared on the basis of the following assumed characteristics of the
mortgage loans and the additional assumptions set forth in the prospectus
supplement:
<TABLE>
<CAPTION>
Amortized
Remaining Remaining
Term of Maturity
Unpaid Maturity Term to Loan
Principal Net Mortgage (in in Age (in
Group Balance Mortgage Rate Rate months) months) months)
<S> <C> <C> <C> <C> <C> <C> <C>
2 $2,603,420.03 9.5846637935% 7.3885019224% 339 143 9
2 $3,374,018.20 9.7160258703% 7.3834000834% 326 153 9
2 $87,066.70 9.7500000000% 9.0000000000% 294 114 6
2 $13,601,145.65 8.0302061656% 7.6116904299% 351 351 5
2 $929,353.50 8.4241150653% 7.6242633675% 331 331 6
2 $141,303,179.29 9.1480699749% 8.4007982357% 356 357 2
2 $6,663,306.46 9.6797878508% 8.9661207333% 355 356 3
</TABLE>
9. Sensitivity of the Class II-A-5 Certificates: On the basis of the
assumptions described below and in the prospectus supplement, the yield to
maturity on the Class II-A-5 Certificates would be approximately 0% if
prepayments were to occur at a constant rate of approximately 185% of the
prepayment assumption of the Group 2 mortgage loans.
The information shown in the following table has been prepared on the
basis of the structuring assumptions which assume no Realized Losses, and on
the assumption that the purchase price of the Class II-A-5 Certificates,
expressed as a percentage of the initial notional amount is 15.50%, not
including interest. However, accrued interest has been added to that price in
calculating the yields shown in the table below.
<TABLE>
<CAPTION>
Sensitivity of the Class II-A-5 Certificates to Prepayments
(Pre-Tax Yield to Maturity)
Prepayment Assumption
<S> <C> <C> <C> <C> <C>
0% 50% 100% 150% 200%
53.406% 42.241% 34.439% 15.378% (6.765%)
</TABLE>
10. Sensitivity of the Class II-X-1 Certificates: The information shown
in the following table has been prepared on the basis of the structuring
assumptions which assume no Realized Losses, and on the assumption that the
purchase price of the Class II-X-1 Certificates, expressed as a percentage of
the initial notional amount is 15.50%, not including interest. However,
accrued interest has been added to that price in calculating the yields shown
in the table below.
<TABLE>
<CAPTION>
Sensitivity of the Class II-X-1 Certificates to Prepayments
(Pre-Tax Yield to Maturity)
Prepayment Assumption
<S> <C> <C> <C> <C> <C>
0% 50% 100% 150% 200%
54.275% 42.988% 31.105% 18.520% 5.089%
</TABLE>
11. ______ Sensitivity of the Class II-X-2 Certificates: The information shown
in the following table has been prepared on the basis of the structuring
assumptions which assume no Realized Losses, and on the assumption that the
purchase price of the Class II-X-2 Certificates, expressed as a percentage of
the initial notional amount is 16.00%, not including interest. However,
accrued interest has been added to that price in calculating the yields shown
in the table below.
<TABLE>
<CAPTION>
Sensitivity of the Class II-X-2 Certificates to Prepayments
(Pre-Tax Yield to Maturity)
Prepayment Assumption
<S> <C> <C> <C> <C> <C>
0% 50% 100% 150% 200%
52.524% 41.025% 28.905% 16.050% 2.305%
-------------------------------------------------------------------------------------------------------------------
12. ______ Sensitivity of the Class II-P Certificates: The information shown
in the following table has been prepared on the basis of the structuring
assumptions and on the assumption that the aggregate purchase price of the
Class II-P Certificates, expressed as a percentage of initial Class Principal
Balance, is 65.00%.
</TABLE>
<TABLE>
<CAPTION>
Sensitivity of the Class II-P Certificates to Prepayments
(Pre-Tax Yield to Maturity)
Prepayment Assumption
<S> <C> <C> <C> <C> <C>
0% 50% 100% 150% 200%
2.737% 6.866% 12.637% 19.563% 27.572%
</TABLE>
13. Decrement Tables: The following tables indicate the percentages of
the initial Class Principal Balances of the classes of offered certificates
that would be outstanding after each of the dates shown at various percentages
of the applicable prepayment assumption and the corresponding weighted average
lives of those classes. The tables have been prepared on the basis of the
structuring assumptions.
<TABLE>
<CAPTION>
Percent of Initial Class Principal Balances Outstanding
Class II-A-1 Class II-A-2
Prepayment Assumption Prepayment Assumption
________________________________________ ________________________________________
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Distribution Date 0% 50% 100% 150% 200% 0% 50% 100% 150% 200%
_________________ ___ ____ _____ ____ ____ ____ _____ _____ ____ _____
Initial 100 100 100 100 100 100 100 100 100 100
August 2001........... 100 75 40 5 0 108 108 108 108 108
August 2002........... 100 58 0 0 0 117 117 117 117 117
August 2003........... 100 52 0 0 0 127 127 127 127 127
August 2004........... 100 48 0 0 0 138 138 138 138 0
August 2005........... 100 45 0 0 0 149 149 149 149 0
August 2006........... 100 44 0 0 0 161 161 161 0 0
August 2007........... 100 44 0 0 0 175 175 175 0 0
August 2008........... 100 44 0 0 0 189 189 189 0 0
August 2009........... 100 44 0 0 0 205 205 205 0 0
August 2010........... 100 42 0 0 0 222 222 210 0 0
August 2011........... 100 39 0 0 0 240 240 165 0 0
August 2012........... 100 36 0 0 0 260 260 127 0 0
August 2013........... 100 33 0 0 0 282 282 98 0 0
August 2014........... 100 30 0 0 0 305 305 76 0 0
August 2015........... 100 28 0 0 0 331 331 59 0 0
August 2016........... 100 20 0 0 0 358 358 46 0 0
August 2017........... 100 13 0 0 0 388 388 35 0 0
August 2018........... 100 6 0 0 0 420 420 27 0 0
August 2019........... 100 0 0 0 0 455 444 20 0 0
August 2020........... 100 0 0 0 0 493 376 15 0 0
August 2021........... 100 0 0 0 0 534 316 11 0 0
August 2022........... 100 0 0 0 0 578 261 8 0 0
August 2023........... 100 0 0 0 0 626 213 6 0 0
August 2024........... 100 0 0 0 0 678 169 4 0 0
August 2025........... 89 0 0 0 0 734 131 3 0 0
August 2026........... 61 0 0 0 0 795 96 2 0 0
August 2027........... 30 0 0 0 0 861 65 1 0 0
August 2028........... 0 0 0 0 0 884 38 1 0 0
August 2029........... 0 0 0 0 0 358 14 * 0 0
August 2030........... 0 0 0 0 0 0 0 0 0 0
Weighted Average Life
(in years)(1)**.. 26.3 7.5 0.9 0.6 0.5 28.8 23.2 13.7 5.3 3.7
--------------------------
* Indicates a number that is greater than zero but less than 0.5%.
** Determined as specified under "--Weighted Average Lives of the Offered
Certificates" in the prospectus supplement.
</TABLE>
<TABLE>
<CAPTION>
Percent of Initial Class Principal Balances Outstanding
Class II-A-3 Class II-A-4
Prepayment Assumption Prepayment Assumption
_______________________________________ ________________________________________
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Distribution Date 0% 50% 100% 150% 200% 0% 50% 100% 150% 200%
_________________ ____ _____ _____ ____ ____ ____ ____ ____ _____ _____
Initial 100 100 100 100 100 100 100 100 100 100
August 2001........... 100 100 100 100 100 99 95 95 95 84
August 2002........... 100 100 100 100 100 97 85 81 59 38
August 2003........... 100 100 100 100 100 96 73 58 32 11
August 2004........... 100 100 100 100 86 94 61 40 13 0
August 2005........... 100 100 100 100 26 92 50 26 * 0
August 2006........... 99 96 92 71 0 91 41 16 0 0
August 2007........... 98 91 84 40 0 89 32 9 0 0
August 2008........... 96 84 72 22 0 86 25 4 0 0
August 2009........... 95 76 59 13 0 84 19 1 0 0
August 2010........... 93 67 47 9 0 81 15 0 0 0
August 2011........... 91 59 37 6 0 79 11 0 0 0
August 2012........... 88 51 28 4 0 74 8 0 0 0
August 2013........... 84 44 22 3 0 68 5 0 0 0
August 2014........... 82 39 17 2 0 65 2 0 0 0
August 2015........... 79 34 13 1 0 61 * 0 0 0
August 2016........... 77 29 10 1 0 57 0 0 0 0
August 2017........... 74 25 8 1 0 52 0 0 0 0
August 2018........... 70 22 6 * 0 47 0 0 0 0
August 2019........... 67 19 5 * 0 42 0 0 0 0
August 2020........... 63 16 3 * 0 36 0 0 0 0
August 2021........... 59 13 3 * 0 29 0 0 0 0
August 2022........... 54 11 2 * 0 22 0 0 0 0
August 2023........... 49 9 1 * 0 14 0 0 0 0
August 2024........... 43 7 1 * 0 5 0 0 0 0
August 2025........... 37 6 1 * 0 0 0 0 0 0
August 2026........... 30 4 * * 0 0 0 0 0 0
August 2027........... 23 3 * * 0 0 0 0 0 0
August 2028........... 15 2 * * 0 0 0 0 0 0
August 2029........... 6 1 * * 0 0 0 0 0 0
August 2030........... 0 0 0 0 0 0 0 0 0 0
Weighted Average Life
(in years)(1)**.. 21.2 13.6 10.6 7.3 4.7 16.1 5.8 3.8 2.5 1.9
--------------------------
* Indicates a number that is greater than zero but less than 0.5%.
** Determined as specified under "--Weighted Average Lives of the Offered
Certificates" in the prospectus supplement.
</TABLE>
<TABLE>
<CAPTION>
Percent of Initial Class Principal Balances Outstanding
Class II-P Class II-B-1, Class II-B-2 and Class II-B-3
Prepayment Assumption Prepayment Assumption
________________________________________ __________________________________________
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Distribution Date 0% 50% 100% 150% 200% 0% 50% 100% 150% 200%
_________________ ____ ____ _____ _____ ____ ____ ____ _____ ____ ____
Initial 100 100 100 100 100 100 100 100 100 100
August 2001........... 99 90 81 71 62 99 99 99 99 99
August 2002........... 98 80 64 50 37 99 99 99 99 99
August 2003........... 97 71 51 34 22 98 98 98 98 98
August 2004........... 96 64 40 24 13 97 97 97 97 97
August 2005........... 95 57 32 16 8 96 96 96 96 96
August 2006........... 94 50 25 11 5 95 92 89 85 80
August 2007........... 92 44 20 8 3 93 87 80 73 47
August 2008........... 91 39 15 5 2 92 80 69 58 28
August 2009........... 89 35 12 4 1 91 73 57 43 17
August 2010........... 87 31 10 3 1 89 64 45 30 10
August 2011........... 85 27 7 2 * 87 57 35 20 6
August 2012........... 69 20 5 1 * 84 49 27 14 3
August 2013........... 49 13 3 * * 81 42 21 9 2
August 2014........... 47 11 2 * * 78 37 16 6 1
August 2015........... 45 9 2 * * 76 32 13 4 1
August 2016........... 44 8 1 * * 73 28 10 3 *
August 2017........... 42 7 1 * * 71 24 7 2 *
August 2018........... 40 6 1 * * 67 21 6 1 *
August 2019........... 37 5 1 * * 64 18 4 1 *
August 2020........... 35 4 * * * 60 15 3 1 *
August 2021........... 32 4 * * * 56 13 2 * *
August 2022........... 29 3 * * * 52 11 2 * *
August 2023........... 26 2 * * * 47 9 1 * *
August 2024........... 23 2 * * * 41 7 1 * *
August 2025........... 19 1 * * * 35 5 1 * *
August 2026........... 15 1 * * * 29 4 * * *
August 2027........... 11 1 * * * 22 3 * * *
August 2028........... 6 * * * * 14 2 * * *
August 2029........... 1 * * * * 6 1 * * *
August 2030........... 0 0 0 0 0 0 0 0 0 0
Weighted Average Life
(in years)(1)**.. 16.5 7.4 4.2 2.8 2.0 20.5 13.1 10.3 8.9 7.3
* Indicates a number that is greater than zero but less than 0.5%.
** Determined as specified under "-Weighted Average Lives of the Offered
Certificates" in the prospectus supplement.
</TABLE>
14. Appendix II -- Planned Principal Balance Tables
<TABLE>
<CAPTION>
Planned Principal Balance Tables
Class II-A-4 Planned Class II-A-4 Planned
Distribution Date Principal Balance Distribution Date Principal Balance
<S> <C> <C> <C> <C>
Initial $101,184,614.00 October 25, 2003 $71,622,099.03
September 25, 2000 $100,958,258.31 November 25, 2003 $70,610,488.13
October 25, 2000 $100,696,153.40 December 25, 2003 $69,605,176.24
November 25, 2000 $100,398,466.21 January 25, 2004 $68,606,121.59
December 25, 2000 $100,065,286.41 February 25, 2004 $67,613,282.67
January 25, 2001 $99,696,726.52 March 25, 2004 $66,626,618.26
February 25, 2001 $99,292,921.77 April 25, 2004 $65,646,087.38
March 25, 2001 $98,854,030.16 May 25, 2004 $64,671,649.31
April 25, 2001 $98,380,232.32 June 25, 2004 $63,703,263.60
May 25, 2001 $97,871,731.44 July 25, 2004 $62,740,890.04
June 25, 2001 $97,328,753.19 August 25, 2004 $61,784,488.70
July 25, 2001 $96,751,545.51 September 25, 2004 $60,834,019.88
August 25, 2001 $96,140,378.51 October 25, 2004 $59,889,444.14
September 25, 2001 $95,495,544.23 November 25, 2004 $58,950,722.30
October 25, 2001 $94,817,356.46 December 25, 2004 $58,017,815.42
November 25, 2001 $94,106,150.49 January 25, 2005 $57,090,684.79
December 25, 2001 $93,362,282.85 February 25, 2005 $56,169,291.98
January 25, 2002 $92,586,131.01 March 25, 2005 $55,253,598.77
February 25, 2002 $91,778,093.12 April 25, 2005 $54,343,567.20
March 25, 2002 $90,938,587.62 May 25, 2005 $53,439,159.56
April 25, 2002 $90,068,052.92 June 25, 2005 $52,540,338.36
May 25, 2002 $89,166,947.02 July 25, 2005 $51,647,066.34
June 25, 2002 $88,236,860.65 August 25, 2005 $50,759,306.51
July 25, 2002 $87,278,267.98 September 25, 2005 $49,942,211.80
August 25, 2002 $86,291,660.99 October 25, 2005 $49,130,475.10
September 25, 2002 $85,277,743.08 November 25, 2005 $48,324,060.33
October 25, 2002 $84,239,616.76 December 25, 2005 $47,522,931.65
November 25, 2002 $83,177,769.30 January 25, 2006 $46,727,053.45
December 25, 2002 $82,094,035.11 February 25, 2006 $45,936,390.33
January 25, 2003 $81,017,077.38 March 25, 2006 $45,150,907.13
February 25, 2003 $79,946,851.30 April 25, 2006 $44,370,568.90
March 25, 2003 $78,883,312.35 May 25, 2006 $43,595,340.92
April 25, 2003 $77,826,416.31 June 25, 2006 $42,825,188.68
May 25, 2003 $76,776,119.21 July 25, 2006 $42,060,077.89
June 25, 2003 $75,732,377.38 August 25, 2006 $41,299,974.48
July 25, 2003 $74,695,147.43 September 25, 2006 $40,561,105.03
August 25, 2003 $73,664,386.24 October 25, 2006 $39,827,068.40
September 25, 2003 $72,640,050.97 November 25, 2006 $39,097,831.26
<PAGE>
Class II-A-4 Planned Class II-A-4 Planned
Distribution Date Principal Balance Distribution Date Principal Balance
December 25, 2006 $38,373,360.49 July 25, 2010 $15,511,020.24
January 25, 2007 $37,653,623.16 August 25, 2010 $15,171,690.47
February 25, 2007 $36,938,586.58 September 25, 2010 $14,836,447.37
March 25, 2007 $36,228,218.23 October 25, 2010 $14,505,230.43
April 25, 2007 $35,522,485.82 November 25, 2010 $14,177,979.93
May 25, 2007 $34,821,357.23 December 25, 2010 $13,854,636.92
June 25, 2007 $34,124,800.58 January 25, 2011 $13,535,143.22
July 25, 2007 $33,432,784.15 February 25, 2011 $13,219,441.42
August 25, 2007 $32,745,276.44 March 25, 2011 $12,907,474.86
September 25, 2007 $32,093,364.96 April 25, 2011 $12,599,187.61
October 25, 2007 $31,445,627.53 May 25, 2011 $12,294,524.47
November 25, 2007 $30,802,034.12 June 25, 2011 $11,993,430.95
December 25, 2007 $30,162,554.87 July 25, 2011 $11,695,853.28
January 25, 2008 $29,527,160.09 August 25, 2011 $11,401,738.39
February 25, 2008 $28,895,820.29 September 25, 2011 $11,111,033.90
March 25, 2008 $28,270,945.78 October 25, 2011 $10,823,688.08
April 25, 2008 $27,655,365.77 November 25, 2011 $10,539,649.91
May 25, 2008 $27,048,940.61 December 25, 2011 $10,258,869.01
June 25, 2008 $26,451,532.56 January 25, 2012 $9,981,295.65
July 25, 2008 $25,863,005.81 February 25, 2012 $9,706,880.75
August 25, 2008 $25,283,226.45 March 25, 2012 $9,435,575.86
September 25, 2008 $24,766,577.50 April 25, 2012 $9,167,333.16
October 25, 2008 $24,257,250.30 May 25, 2012 $8,902,105.44
November 25, 2008 $23,755,133.35 June 25, 2012 $8,639,846.09
December 25, 2008 $23,260,116.70 July 25, 2012 $8,192,762.72
January 25, 2009 $22,772,091.97 August 25, 2012 $7,939,222.21
February 25, 2009 $22,290,952.27 September 25, 2012 $7,688,472.36
March 25, 2009 $21,816,592.25 October 25, 2012 $7,440,469.49
April 25, 2009 $21,348,908.01 November 25, 2012 $7,195,170.49
May 25, 2009 $20,887,797.11 December 25, 2012 $6,952,532.76
June 25, 2009 $20,433,158.55 January 25, 2013 $6,712,514.28
July 25, 2009 $19,984,892.77 February 25, 2013 $6,475,073.57
August 25, 2009 $19,542,901.56 March 25, 2013 $6,240,169.64
September 25, 2009 $19,154,207.32 April 25, 2013 $6,007,762.05
October 25, 2009 $18,770,323.46 May 25, 2013 $5,574,514.05
November 25, 2009 $18,391,179.97 June 25, 2013 $5,350,249.59
December 25, 2009 $18,016,707.75 July 25, 2013 $5,128,316.29
January 25, 2010 $17,646,838.61 August 25, 2013 $4,908,676.34
February 25, 2010 $17,271,144.00 September 25, 2013 $4,691,292.45
March 25, 2010 $16,910,444.66 October 25, 2013 $4,476,127.77
April 25, 2010 $16,554,146.84 November 25, 2013 $4,263,145.92
May 25, 2010 $16,202,185.88 December 25, 2013 $4,052,310.98
June 25, 2010 $15,854,498.00 January 25, 2014 $3,843,587.49
</TABLE>
<TABLE>
<CAPTION>
Class II-A-4 Planned
Distribution Date Principal Balance
<S> <C> <C>
February 25, 2014 $3,636,940.41
March 25, 2014 $3,432,335.16
April 25, 2014 $3,229,737.57
May 25, 2014 $3,029,113.93
June 25, 2014 $2,830,430.91
July 25, 2014 $2,633,655.62
August 25, 2014 $2,438,755.57
September 25, 2014 $2,245,698.67
October 25, 2014 $2,054,453.22
November 25, 2014 $1,864,987.93
December 25, 2014 $1,677,271.88
January 25, 2015 $1,491,274.52
February 25, 2015 $1,306,965.71
March 25, 2015 $1,124,315.64
April 25, 2015 $943,294.88
May 25, 2015 $763,874.37
June 25, 2015 $586,025.37
July 25, 2015 $409,719.53
August 25, 2015 $234,928.81
September 25, 2015 $61,625.52
October 25, 2015
and thereafter $0.00
</TABLE>
