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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) September 20, 1996
CONSUMER PORTFOLIO SERVICES, INC.
(Exact Name of Registrant as Specified in its Charter)
California
(State or Other Jurisdiction of Incorporation)
333-09343 33-0459135
(Commission File Number) (I.R.S. Employer Identification No.)
2 Ada, Suite 100, Irvine, California 92718
(Address of Principal Executive Offices) (Zip Code)
(714) 753-6800
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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<PAGE>
Item 5. Other Events.
The Registrant is filing final forms of the exhibits listed in Item
7(c) below.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit
No. Document Description
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20.1 Computational Material
-2-
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CONSUMER PORTFOLIO SERVICES, INC.,
as Originator of the Trust (Registrant)
Dated: September 20, 1996 By: /s/ Charles E. Bradley, Jr.
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Charles E. Bradley, Jr.
President
-3-
<PAGE>
INDEX TO EXHIBITS
Sequential
Exhibit No. Document Description Page No.
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20.1 Computational Material
-4-
9/16/96 Alex. Brown & Sons, Incorporated 09:25:11
Deal: CPS96-2
Price/Yield Table: Tranche 1, Class A
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
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Pricing Speed Run Settles Rules from Collateral WAM WAC
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1.50 ABS at Issuance 9/27/96 SCRIPT WLOAN 54.0 20.6900
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Class A Original Par Type Coupon Price
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Tranche 1 $85,000,000 SEQ 6.5000 (FIXED) 99.94918
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<CAPTION>
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Price in Steps of +0 BP +0 BP +0 BP +0 BP +0 BP +0 BP +0 BP +0 BP
1500 100000ths 1.5 ABS 0.5 ABS 1 ABS 1.25 ABS 1.75 ABS 2 ABS 2.5 ABS 3 ABS
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
99.76918 6.730 6.701 6.714 6.721 6.741 6.753 6.780 6.809
99.78418 6.721 6.693 6.706 6.713 6.731 6.742 6.768 6.795
99.79918 6.712 6.686 6.697 6.704 6.721 6.732 6.755 6.781
99.81418 6.703 6.679 6.689 6.696 6.711 6.721 6.743 6.766
99.82918 6.694 6.672 6.681 6.687 6.701 6.710 6.730 6.752
99.84418 6.684 6.664 6.673 6.678 6.691 6.700 6.718 6.738
99.85918 6.675 6.657 6.665 6.670 6.682 6.689 6.705 6.723
99.87418 6.666 6.650 6.657 6.661 6.672 6.678 6.693 6.709
99.88918 6.657 6.642 6.649 6.652 6.662 6.668 6.681 6.695
99.90418 6.648 6.635 6.641 6.644 6.652 6.657 6.668 6.680
99.91918 6.638 6.628 6.632 6.635 6.642 6.646 6.656 6.666
99.93418 6.629 6.621 6.624 6.627 6.632 6.636 6.643 6.652
99.94918(P) 6.620 6.613 6.616 6.618 6.622 6.625 6.631 6.637
99.96418 6.611 6.606 6.608 6.609 6.612 6.614 6.619 6.623
99.97918 6.602 6.599 6.600 6.601 6.603 6.604 6.606 6.609
99.99418 6.592 6.592 6.592 6.592 6.593 6.593 6.594 6.595
100.00918 6.583 6.584 6.584 6.584 6.583 6.582 6.581 6.580
100.02418 6.574 6.577 6.576 6.575 6.573 6.572 6.569 6.566
100.03918 6.565 6.570 6.568 6.566 6.563 6.561 6.557 6.552
100.05418 6.556 6.563 6.560 6.558 6.553 6.551 6.544 6.537
100.06918 6.547 6.555 6.552 6.549 6.543 6.540 6.532 6.523
100.08418 6.537 6.548 6.543 6.541 6.534 6.529 6.519 6.509
100.09918 6.528 6.541 6.535 6.532 6.524 6.519 6.507 6.495
100.11418 6.519 6.534 6.527 6.523 6.514 6.508 6.495 6.480
100.12918 6.510 6.526 6.519 6.515 6.504 6.497 6.482 6.466
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Average Life: 1.827 2.347 2.090 1.959 1.693 1.560 1.324 1.138
Exp. 1st Pay: 0.050 0.050 0.050 0.050 0.050 0.050 0.050 0.050
Exp. Maturity: 4.467 4.467 4.467 4.467 4.467 3.967 3.133 2.633
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</TABLE>
Additional Information Available Upon Request
This report is being furnished to you at your request and with the understanding
that it is not part of the Prospectus and should not be relied on as the basis,
either in whole or in part, for any investment decision. You should refer to the
Prospectus for purposes of any investment decision. This report is not to be
construed as a representation or as an offer or the solicitation of an offer by
us to sell or buy any security. From time to time, this Firm and/or its
directors, officers, employees, or members of their immediate families may have
a long or short position in the securities mentioned in this report. Moreover,
the securities mentioned in this report may be sold to or purchased from
customers or otherwise by this Firm or its directors, officers, employees, or
members of their immediate families, as principal.
<PAGE>
<TABLE>
<CAPTION>
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Date Balance Interest Principal Cashflow
===============================================================================================================================
<S> <C> <C> <C> <C>
09/15/96 85,000,000.00 0.00 0.00 0.00
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10/15/96 82,734,501.56 276,250.00 2,265,498.44 2,541,748.44
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11/15/96 80,482,739.13 448,145.22 2,251,762.43 2,699,907.65
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12/15/96 78,245,211.54 435,948.17 2,237,527.59 2,673,475.76
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01/15/97 76,022,430.74 423,828.23 2,222,780.80 2,646,609.03
- -------------------------------------------------------------------------------------------------------------------------------
02/15/97 73,814,922.10 411,788.17 2,207,508.64 2,619,296.81
- -------------------------------------------------------------------------------------------------------------------------------
03/15/97 71,623,224.73 399,830.83 2,191,697.37 2,591,528.20
- -------------------------------------------------------------------------------------------------------------------------------
04/15/97 69,447,891.78 387,959.13 2,175,332.95 2,563,292.09
- -------------------------------------------------------------------------------------------------------------------------------
05/15/97 67,289,490.78 376,176.08 2,158,401.00 2,534,577,08
- -------------------------------------------------------------------------------------------------------------------------------
06/15/97 65,148,603.96 364,484.74 2,140,886.82 2,505,371.56
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07/15/97 63,025,828.60 352,888.27 2,122,775.35 2,475,663.63
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08/15/97 60,921,777.38 341,389.90 2,104,051.22 2,445,441.13
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09/15/97 58,837,078.70 329,992.96 2,084,698.68 2,414,691.64
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10/15/97 56,772,377.08 318,700.84 2,064,701.62 2,383,402.47
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11/15/97 54,728,333.50 307,517.04 2,044,043.58 2,351,560.62
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12/15/97 52,705,625.80 296,445.14 2,022,707.70 2,319,152.84
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01/15/98 50,704,949.04 285,488.81 2,000,676.75 2,286,165.56
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02/15/98 48,727,015.93 274,651.81 1,977,933.11 2,252,584.92
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03/15/98 46,772,557.17 263,938.00 1,954,458.76 2,218,396.76
- -------------------------------------------------------------------------------------------------------------------------------
04/15/98 44,842,321.94 253,351.35 1,930,235.24 2,183,586.59
- -------------------------------------------------------------------------------------------------------------------------------
05/15/98 42,937,078.23 242,895.91 1,905,243.71 2,148,139.62
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06/15/98 41,057,613.34 232,575.84 1,879,464.89 2,112,040.73
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07/15/98 39,204,734.29 222,395.41 1,852,879.05 2,075,274.46
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08/15/98 37,379,268.25 212,358.98 1,825,466.04 2,037,825.01
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09/15/98 35,582,063.03 202,471.04 1,797,205.22 1,999,676.26
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10/15/98 33,813,987.51 192,736.17 1,768,075.52 1,960,811.70
- -------------------------------------------------------------------------------------------------------------------------------
11/15/98 32,075,932.13 183,159.10 1,738,055.38 1,921,214.48
- -------------------------------------------------------------------------------------------------------------------------------
12/15/98 30,368,809.39 173,744.63 1,707,122.74 1,880,867.37
- -------------------------------------------------------------------------------------------------------------------------------
01/15/99 28,693,554.32 164,497.72 1,675,255.07 1,839,752.79
- -------------------------------------------------------------------------------------------------------------------------------
02/15/99 27,051,125.00 155,423.42 1,642,429.32 1,797,852.74
- -------------------------------------------------------------------------------------------------------------------------------
03/15/99 25,442,503.08 146,526.93 1,608,621.92 1,755,148.85
- -------------------------------------------------------------------------------------------------------------------------------
04/15/99 23,868,694.29 137,813.56 1,573,808.79 1,711,622.35
- -------------------------------------------------------------------------------------------------------------------------------
05/15/99 22,330,729.00 129,288.76 1,537,965.29 1,667,254.05
- -------------------------------------------------------------------------------------------------------------------------------
06/15/99 20,829,662.77 120,958.12 1,501,066.23 1,622,024.35
- -------------------------------------------------------------------------------------------------------------------------------
07/15/99 19,366,576.88 112,827.34 1,463,085.89 1,575,913.23
- -------------------------------------------------------------------------------------------------------------------------------
08/15/99 17,942,578.95 104,902.29 1,423,997.93 1,528,900.22
- -------------------------------------------------------------------------------------------------------------------------------
09/15/99 16,558,803.49 97,188.97 1,383,775.46 1,480,964.43
- -------------------------------------------------------------------------------------------------------------------------------
10/15/99 15,216,412.51 89,693.52 1,342,390.97 1,432,084.49
- -------------------------------------------------------------------------------------------------------------------------------
11/15/99 13,916,596.15 82,422.23 1,299,816.36 1,382,238.59
- -------------------------------------------------------------------------------------------------------------------------------
12/15/99 12,660,573.28 75,381.56 1,256,022.88 1,331,404.44
- -------------------------------------------------------------------------------------------------------------------------------
01/15/00 11,449,592.13 68,578.11 1,210,981.15 1,279,559.26
- -------------------------------------------------------------------------------------------------------------------------------
02/15/00 10,284,930.96 62,018.62 1,164,661.16 1,226,679.79
- -------------------------------------------------------------------------------------------------------------------------------
03/15/00 9,167,898.74 55,710.04 1,117,032.22 1,172,742.26
- -------------------------------------------------------------------------------------------------------------------------------
04/15/00 8,099,835.79 49,659.45 1,068,062.95 1,117,722.41
- -------------------------------------------------------------------------------------------------------------------------------
05/15/00 7,082,114.48 43,874.11 1,017,721.31 1,061,595.42
- -------------------------------------------------------------------------------------------------------------------------------
06/15/00 6,116,139.97 38,361.45 965,974.51 1,004,335.97
- -------------------------------------------------------------------------------------------------------------------------------
07/15/00 5,203,350.89 33,129.09 912,789.08 945,918.17
- -------------------------------------------------------------------------------------------------------------------------------
08/15/00 4,345,220.11 28,184.82 858,130.78 886,315.60
- -------------------------------------------------------------------------------------------------------------------------------
09/15/00 3,543,255.46 23,536.61 801,964.64 825,501.25
- -------------------------------------------------------------------------------------------------------------------------------
10/15/00 2,799,000.55 19,192.63 744,254.92 763,447.55
- -------------------------------------------------------------------------------------------------------------------------------
11/15/00 2,114,035.48 15,161.25 684,965.07 700,126.32
- -------------------------------------------------------------------------------------------------------------------------------
12/15/00 1,489,977.71 11,451.03 624,057.77 635,508.79
- -------------------------------------------------------------------------------------------------------------------------------
01/15/01 928,482.84 8,070.71 561,494.87 569,565.58
- -------------------------------------------------------------------------------------------------------------------------------
02/15/01 431,245.47 5,029.28 497,237.38 502,266.66
- -------------------------------------------------------------------------------------------------------------------------------
03/15/01 0.00 2,335.91 431,245.47 433,581.38
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</TABLE>
Additional Information Available Upon Request
This report is being furnished to you at your request and with the understanding
that it is not part of the Prospectus and should not be relied on as the basis,
either in whole or in part, for any investment decision. You should refer to the
Prospectus for purposes of any investment decision. This report is not to be
construed as a representation or as an offer or the solicitation of an offer by
us to sell or buy any security. From time to time, this Firm and/or its
directors, officers, employees, or members of their immediate families may have
a long or short position in the securities mentioned in this report. Moreover,
the securities mentioned in this report may be sold to or purchased from
customers or otherwise by this Firm or its directors, officers, employees, or
members of their immediate families, as principal.
