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Previous: PRUDENTIAL SECURITIES SECURED FINANCING CORP, 8-K, 2001-01-04 |
Next: THERMO CARDIOSYSTEMS INC, DEFM14A, 2001-01-04 |
<TABLE>
<CAPTION>
Mortgage Lenders Network
Mortgage Pass-Through Certificates
Record Date: 11/30/2000
Distribution Date: 12/26/2000
MLN 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 61913JAJ5 SEN 6.76500% 41,597,408.79 226,688.55 3,546,898.72
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% 4,499,286.01 0.00 0.00
Totals 194,090,694.80 1,176,924.70 3,546,898.72
</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 38,050,510.07 3,773,587.27 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 4,823,878.54 0.00 0.00
Totals 0.00 190,868,388.61 4,723,823.42 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 41,597,408.79 187,369.67 3,359,529.05 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 4,499,286.01 0.00 0.00 0.00 0.00
Totals 214,136,037.25 194,090,694.80 187,369.67 3,359,529.05 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 3,546,898.72 38,050,510.07 0.59453922 3,546,898.72
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 4,823,878.54 2.25200497 0.00
Totals 3,546,898.72 190,868,388.61 0.89134174 3,546,898.72
</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 64,000,000.00 649.95951234 2.92765109 52.49264141 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 2100.47047968 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 55.42029250 594.53921984 0.59453922 55.42029250
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 2,252.00497330 2.25200497 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% 41,597,408.79 226,688.55 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% 4,499,286.01 0.00 0.00 0.00
Totals 214,136,037.25 1,176,924.70 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 0.00 226,688.55 0.00 38,050,510.07
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 4,823,878.54
Totals 0.00 0.00 1,176,924.70 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% 649.95951234 3.54200859 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% 2100.47047968 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 3.54200859 0.00000000 594.53921984
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 2252.00497330
<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
Class Rate Balance Balance Balance Balance Percentage
<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 4,374,476.67
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 529,718.85
Realized Losses (15,844.63)
Total Deposits 4,888,350.89
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 164,527.47
Payment of Interest and Principal 4,723,823.42
Total Withdrawals (Pool Distribution Amount) 4,888,350.89
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 80,871.13
Trustee Fee 3,234.83
FSA Premium 34,758.42
MGIC Premium 45,663.09
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 164,527.47
</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> LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
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 11 1 0 12
810,362.19 22,484.47 0.00 832,846.66
30 Days 122 4 0 0 126
6,959,496.23 338,253.89 0.00 0.00 7,297,750.12
60 Days 23 2 3 0 28
1,293,149.29 174,974.29 201,845.11 0.00 1,669,968.69
90 Days 2 0 9 0 11
96,206.04 0.00 559,132.16 0.00 655,338.20
120 Days 0 6 12 0 18
0.00 326,131.97 704,931.91 0.00 1,031,063.88
150 Days 0 4 8 1 13
0.00 215,476.35 499,511.69 57,641.64 772,629.68
180+ Days 1 9 41 5 56
30,788.13 523,381.03 2,803,882.27 382,198.67 3,740,250.10
Totals 148 36 74 6 264
8,379,639.69 2,388,579.72 4,791,787.61 439,840.31 15,999,847.33
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 0.388967% 0.035361% 0.000000% 0.424328%
0.424182% 0.011769% 0.000000% 0.435952%
30 Days 4.314003% 0.141443% 0.000000% 0.000000% 4.455446%
3.642932% 0.177058% 0.000000% 0.000000% 3.819990%
60 Days 0.813296% 0.070721% 0.106082% 0.000000% 0.990099%
0.676896% 0.091590% 0.105655% 0.000000% 0.874141%
90 Days 0.070721% 0.000000% 0.318246% 0.000000% 0.388967%
0.050359% 0.000000% 0.292676% 0.000000% 0.343035%
120 Days 0.000000% 0.212164% 0.424328% 0.000000% 0.636492%
0.000000% 0.170713% 0.368995% 0.000000% 0.539708%
150 Days 0.000000% 0.141443% 0.282885% 0.035361% 0.459689%
0.000000% 0.112791% 0.261468% 0.030172% 0.404431%
180+ Days 0.035361% 0.318246% 1.449788% 0.176803% 1.980198%
0.016116% 0.273963% 1.467686% 0.200061% 1.957825%
Totals 5.233380% 1.272984% 2.616690% 0.212164% 9.335219%
4.386303% 1.250297% 2.508250% 0.230233% 8.375083%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 48,836.64
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 529,718.85
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 10.212643%
Weighted Average Net Coupon 9.712644%
Weighted Average Pass-Through Rate 9.477744%
Weighted Average Maturity(Stepdown Calculation ) 304
Beginning Scheduled Collateral Loan Count 2,871
Number Of Loans Paid In Full 43
Ending Scheduled Collateral Loan Count 2,828
Beginning Scheduled Collateral Balance 194,090,694.80
Ending Scheduled Collateral Balance 190,868,388.61
Ending Actual Collateral Balance at 30-Nov-2000 191,041,057.72
Monthly P &I Constant 1,839,185.48
Ending Scheduled Balance for Premium Loans 190,868,388.61
Scheduled Principal 187,369.67
Unscheduled Principal 3,034,936.52
Required Overcollateralization Amount 9,100,781.58
Overcollateralized Increase Amount 340,437.16
Overcollateralized reduction Amount 0.00
Specified O/C Amount 0.00
Overcollateralized Amount 4,823,878.54
Overcollateralized Deficiency Amount 4,617,340.20
Base Overcollateralized Amount 0.00
Extra principal distribution Amount 340,437.16
Excess Cash Amount 340,437.16
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
</TABLE>
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