PRUDENTIAL SECURITIES SECURED FINANCING CORP
8-K, EX-99.1, 2000-07-07
ASSET-BACKED SECURITIES
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<TABLE>
<CAPTION>
Mortgage Lenders Network
Mortgage Pass-Through Certificates
Record Date:            05/31/2000
Distribution Date:     06/26/2000


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          6.76500%     63,138,191.68      379,670.99    3,964,300.43
    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%      2,418,079.68            0.00            0.00
Totals                                                    213,550,271.36    1,329,907.14    3,964,300.43
</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          59,173,891.25             4,343,971.42                      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           2,823,389.28                     0.00                      0.00
Totals                         0.00         209,991,280.53             5,294,207.57                      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>
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<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      63,138,191.68         195,672.36    3,768,628.07           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       2,418,079.68               0.00            0.00           0.00            0.00
Totals              214,136,037.25     213,550,271.36         195,672.36    3,768,628.07           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                           3,964,300.43         59,173,891.25           0.92459205      3,964,300.43
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          2,823,389.28           1.31808599              0.00
Totals                        3,964,300.43        209,991,280.53           0.98064428      3,964,300.43

</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        986.53424500         3.05738063         58.88481359        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       1128.86910814         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         61.94219422            924.59205078          0.92459205        61.94219422
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          1,318.08598567          1.31808599         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        6.76500%      63,138,191.68          379,670.99           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%       2,418,079.68                0.00           0.00             0.00
Totals            214,136,037.25                                           1,329,907.14           0.00             0.00

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 <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           379,670.99                0.00      59,173,891.25
 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       2,823,389.28
 Totals                         0.00                0.00         1,329,907.14                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        6.76500%         986.53424500        5.93235922        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%        1128.86910814        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         5.93235922          0.00000000          924.59205078
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         1318.08598567
<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>
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<CAPTION>
                                             CERTIFICATEHOLDER ACCOUNT STATEMENT
                                                      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                        0.00
Deposits
    Payments of Interest and Principal                                                           4,940,324.88
    Liquidations, Insurance Proceeds, Reserve Funds                                                      0.00
    Proceeds from Repurchased Loans                                                                      0.00
    Other Amounts (Servicer Advances)                                                              533,584.61
    Realized Losses                                                                                      0.00
Total Deposits                                                                                   5,473,909.49

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                         179,701.92
    Payment of Interest and Principal                                                            5,294,207.57
Total Withdrawals (Pool Distribution Amount)                                                     5,473,909.49

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                                                                                 88,979.28
Trustee Fee                                                                                          3,559.18
FSA Premium                                                                                         38,707.57
MGIC Premium                                                                                        48,455.89
Supported Prepayment/Curtailment Interest Shortfall                                                      0.00
Net Servicing Fee                                                                                  179,701.92


</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                                  88      5,037,391.27               2.864583%          2.398857%
60 Days                                   8        542,488.05               0.260417%          0.258338%
90+ Days                                  1         51,456.85               0.032552%          0.024504%
Foreclosure                              22      1,606,431.09               0.716146%          0.764999%
REO                                       0              0.00               0.000000%          0.000000%
Totals                                  119      7,237,767.26               3.873698%          3.446699%

</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                                                                               533,584.61
</TABLE>






 <TABLE>
 <CAPTION>
                               COLLATERAL STATEMENT
 <S>                                                                       <C>
 Collateral Description                                         Mixed Fixed & Arm

 Weighted Average Gross Coupon                                        10.574563%
 Weighted Average Net Coupon                                          10.240475%
 Weighted Average Pass-Through Rate                                   10.240475%
 Weighted Average Maturity(Stepdown Calculation )                            310
 Beginning Scheduled Collateral Loan Count                                 3,116

 Number Of Loans Paid In Full                                                 44
 Ending Scheduled Collateral Loan Count                                    3,072
 Beginning Scheduled Collateral Balance                           213,550,271.36
 Ending Scheduled Collateral Balance                              209,991,280.53
 Ending Actual Collateral Balance at 31-May-2000                  210,102,131.94
 Monthly P &I Constant                                              2,110,591.03
 Ending Scheduled Balance for Premium Loans                       209,991,280.53

 Required Overcollateralization Amount                              9,100,781.58
 Overcollateralized Increase Amount                                   405,309.60
 Overcollateralized reduction Amount                                        0.00
 Specified O/C Amount                                                       0.00
 Overcollateralized Amount                                          2,823,389.28
 Overcollateralized Deficiency Amount                               6,682,701.90
 Base Overcollateralized Amount                                             0.00
 Extra principal distribution Amount                                  405,309.60
 Excess Cash Amount                                                   405,309.60
 </TABLE>
<TABLE>
<CAPTION>
           <S>                                        <C>
</TABLE>



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