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Previous: PRUDENTIAL SECURITIES SECURED FINANCING CORP, 8-K, 2000-06-08 |
Next: MTS INC, 10-Q, 2000-06-08 |
<TABLE>
<CAPTION>
Mortgage Lenders Network
Mortgage Pass-Through Certificates
Record Date: 4/30/2000
Distribution Date: 5/25/2000
MLN Series: 2000-1
Contact: Customer Service - CTSLink
Norwest 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 61913JAJ5 SEN 6.27000% 64,000,000.00 457,013.33 861,808.32
A-2 61913JAK2 SEN 7.60500% 62,000,000.00 392,925.00 0.00
A-3 61913JAL0 SEN 7.77000% 54,994,000.00 356,086.15 0.00
A-4 61913JAM8 SEN 8.04000% 10,000,000.00 67,000.00 0.00
A-5 61913JAN6 SEN 7.67000% 21,000,000.00 134,225.00 0.00
R MLN00001R RES 0.00000% 0.00 0.00 0.00
X MLN00001X IO 0.00000% 0.00 0.00 0.00
OC MLN0001OC OC 0.00000% 2,142,037.25 0.00 0.00
Totals 214,136,037.25 1,407,249.48 861,808.32
</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 63,138,191.68 1,318,821.65 0.00
A-2 0.00 62,000,000.00 392,925.00 0.00
A-3 0.00 54,994,000.00 356,086.15 0.00
A-4 0.00 10,000,000.00 67,000.00 0.00
A-5 0.00 21,000,000.00 134,225.00 0.00
R 0.00 0.00 0.00 0.00
X 0.00 0.00 0.00 0.00
OC 0.00 2,418,079.68 0.00 0.00
Totals 0.00 213,550,271.36 2,269,057.80 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 64,000,000.00 64,000,000.00 190,446.98 671,361.34 0.00 0.00
A-2 62,000,000.00 62,000,000.00 0.00 0.00 0.00 0.00
A-3 54,994,000.00 54,994,000.00 0.00 0.00 0.00 0.00
A-4 10,000,000.00 10,000,000.00 0.00 0.00 0.00 0.00
A-5 21,000,000.00 21,000,000.00 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
X 0.00 0.00 0.00 0.00 0.00 0.00
OC 2,142,037.25 2,142,037.25 0.00 0.00 0.00 0.00
Totals 214,136,037.25 214,136,037.25 190,446.98 671,361.34 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-1 861,808.32 63,138,191.68 0.98653425 861,808.32
A-2 0.00 62,000,000.00 1.00000000 0.00
A-3 0.00 54,994,000.00 1.00000000 0.00
A-4 0.00 10,000,000.00 1.00000000 0.00
A-5 0.00 21,000,000.00 1.00000000 0.00
R 0.00 0.00 0.00000000 0.00
X 0.00 0.00 0.00000000 0.00
OC 0.00 2,418,079.68 1.12886911 0.00
Totals 861,808.32 213,550,271.36 0.99726452 861,808.32
</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 64,000,000.00 1000.00000000 2.97573406 10.49002094 0.00000000
A-2 62,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3 54,994,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4 10,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-5 21,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
R 0.00 0.00000000 0.00000000 0.00000000 0.00000000
X 0.00 0.00000000 0.00000000 0.00000000 0.00000000
OC 2,142,037.25 1000.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) 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 13.46575500 986.53424500 0.98653425 13.46575500
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
A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
OC 0.00000000 0.00000000 1,128.86910814 1.12886911 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 64,000,000.00 6.27000% 64,000,000.00 457,013.33 0.00 0.00
A-2 62,000,000.00 7.60500% 62,000,000.00 392,925.00 0.00 0.00
A-3 54,994,000.00 7.77000% 54,994,000.00 356,086.15 0.00 0.00
A-4 10,000,000.00 8.04000% 10,000,000.00 67,000.00 0.00 0.00
A-5 21,000,000.00 7.67000% 21,000,000.00 134,225.00 0.00 0.00
R 0.00 0.00000% 0.00 0.00 0.00 0.00
X 0.00 0.00000% 0.00 0.00 0.00 0.00
OC 2,142,037.25 0.00000% 2,142,037.25 0.00 0.00 0.00
Totals 214,136,037.25 1,407,249.48 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 0.00 457,013.33 0.00 63,138,191.68
A-2 0.00 0.00 392,925.00 0.00 62,000,000.00
A-3 0.00 0.00 356,086.15 0.00 54,994,000.00
A-4 0.00 0.00 67,000.00 0.00 10,000,000.00
A-5 0.00 0.00 134,225.00 0.00 21,000,000.00
R 0.00 0.00 0.00 0.00 0.00
X 0.00 0.00 0.00 0.00 0.00
OC 0.00 0.00 0.00 0.00 2,418,079.68
Totals 0.00 0.00 1,407,249.48 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 64,000,000.00 6.27000% 1000.00000000 7.14083328 0.00000000 0.00000000
A-2 62,000,000.00 7.60500% 1000.00000000 6.33750000 0.00000000 0.00000000
A-3 54,994,000.00 7.77000% 1000.00000000 6.47500000 0.00000000 0.00000000
A-4 10,000,000.00 8.04000% 1000.00000000 6.70000000 0.00000000 0.00000000
A-5 21,000,000.00 7.67000% 1000.00000000 6.39166667 0.00000000 0.00000000
R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
X 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
OC 2,142,037.25 0.00000% 1000.00000000 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 7.14083328 0.00000000 986.53424500
A-2 0.00000000 0.00000000 6.33750000 0.00000000 1000.00000000
A-3 0.00000000 0.00000000 6.47500000 0.00000000 1000.00000000
A-4 0.00000000 0.00000000 6.70000000 0.00000000 1000.00000000
A-5 0.00000000 0.00000000 6.39166667 0.00000000 1000.00000000
R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
OC 0.00000000 0.00000000 0.00000000 0.00000000 1128.86910814
<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
Rate Balance Balance Balance Balance Percentage
Class
<S> <C> <C> <C> <C> <C> <C>
FSA 1,200.00000% 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 1,968,487.55
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 480,683.99
Realized Losses 0.00
Total Deposits 2,449,171.54
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 180,113.74
Payment of Interest and Principal 2,269,057.80
Total Withdrawals (Pool Distribution Amount) 2,449,171.54
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 89,223.35
Trustee Fee 3,568.93
FSA Premium 38,865.57
MGIC Premium 48,455.89
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 180,113.74
</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
</TABLE>
<TABLE>
<CAPTION> CERTIFICATEHOLDER DELINQUENCY/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
Percentage Delinquent
Based On
Current Unpaid
Number Principal Number Unpaid
Of Loans Balance Of Loans Balance
<S> <C> <C> <C> <C>
30 Days 121 9,095,952.06 3.883184% 4.259396%
60 Days 17 1,280,422.52 0.545571% 0.599588%
90+ Days 1 115,290.14 0.032092% 0.053987%
Foreclosure 9 576,586.87 0.288832% 0.270001%
REO 0 0.00 0.000000% 0.000000%
Totals 148 11,068,251.59 4.749679% 5.182972%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 0.00
Principal Balance of Contaminated Properties 0.00
Current Period Class Class A Insufficient Funds 0.00
Periodic Advance 480,683.99
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 10.442366%
Weighted Average Net Coupon 9.922366%
Weighted Average Pass-Through Rate 9.922366%
Weighted Average Maturity(Stepdown Calculation ) 311
Beginning Scheduled Collateral Loan Count 3,125
Number Of Loans Paid In Full 9
Ending Scheduled Collateral Loan Count 3,116
Beginning Scheduled Collateral Balance 214,136,037.25
Ending Scheduled Collateral Balance 213,550,271.36
Ending Actual Collateral Balance at 30-Apr-2000 213,676,485.81
Monthly P &I Constant 2,053,852.63
Ending Scheduled Balance for Premium Loans 213,550,271.36
Scheduled Principal 190,446.98
Unscheduled Principal 395,318.91
Required Overcollateralization Amount 9,100,781.58
Overcollateralized Increase Amount 276,042.43
Overcollateralized reduction Amount 0.00
Specified O/C Amount 0.00
Overcollateralized Amount 2,418,079.68
Overcollateralized Deficiency Amount 6,958,744.33
Base Overcollateralized Amount 0.00
Extra principal distribution Amount 276,042.43
Excess Cash Amount 276,042.43
</TABLE>
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