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)February 18, 1997
-----------------
UCFC ACCEPTANCE CORPORATION
- -----------------------------------------------------------------
(Exact name of registrant as specified in its Charter)
Louisiana 333-07081 72-1235336
--------- --------- ----------
(State or other (Commission (IRS Employer
jurisdiction File Number) ID Number)
of incorporation)
4041 Essen Lane, Baton Rouge, Louisiana 70809
----------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
(Registrant's Telephone Number, (504)924-6007
- ------------------------------- -------------
including area code)
N/A
- ---------------------------------------------------------------
(Former name or former address, if changed since last report)
PAGE 1
<PAGE>
Item 5. Other Events.
- -----------------------
UCFC Acceptance Corporation (the "Company") from time to
time acts as depositor into and sponsor of trusts (each, a
"Trust"), the purpose of which is to issue one or more series of
Home Equity Loan Pass-Through Certificates (the "Certificates"),
to be issued in series (each a "Series").
The assets of each Trust will consist primarily of one or
more pools of mortgage loans and certain other mortgage-related
assets which may include fixed-or adjustable-rate home equity
loans, or participations or other beneficial interests in such
home equity loans secured primarily by first or second liens on
one- to four-family residential properties ("Home Equity Loans").
Each Series of Certificates will represent interests in the
related Trust and are not obligations of the Company. Holders of
Certificates will not have any recourse to the assets of the
Company except to the limited extent provided under the pooling
and servicing agreement related to each Series of Certificates
(each, a "Pooling Agreement"). Pursuant to the Pooling Agreement
for each Series of Certificates, United Companies Lending
Corporation (the "Servicer") will service the related Home
Equity Loans on behalf of the applicable Trust.
On each Distribution Date for a Series of Certificates, the
related Trustee will forward with each distribution to each
holder of record of Certificates of such Series a statement (the
"Monthly Statement") setting forth information required under the
related Pooling Agreement.
Pursuant to a request for No-Action granted by the
Securities and Exchange Commission on November 12, 1993, the
Servicer is filing this report on Form 8-K on behalf of the
Company.
PAGE 2
<PAGE>
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
- -----------------------------------------------------------------
(c) Exhibits
--------
Exhibit No.
-----------
20.1 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1996-A1
and Series 1996-A2, Remics I, II and III, Monthly
Report to Certificateholders for the Distribution
Date in February, 1997. Pages 6-8.
20.2 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1996-A1
and Series 1996-A2, Reserve Fund Trust Statement
to Certificateholders for the Distribution Date
in February, 1997. Page 9.
20.3 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1996-A1
and Series 1996-A2, Statement to Certificateholders
for the Distribution Date in February, 1997.
Pages 10-12.
20.4 UCFC Loan Trust Series 1996-B1, Remics I and II and
Series 1996-B2, Remic III, Monthly Report to
Certificateholders for the Distribution Date in
February, 1997. Pages 13-15.
20.5 UCFC Loan Trust Series 1996-B1, Reserve Fund Trust
Statement to Certificateholders for the Distribution
Date in February, 1997. Page 16.
20.6 UCFC Loan Trust Series 1996-B1, Statement to
Certificateholders for the Distribution Date in
February, 1997. Pages 17-19.
20.7 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-C1 and
1996-C2, Remics I and II, and Series 1996-C2,
Remic III, Monthly Report to Certificateholders
for the Distribution Date in February, 1997.
Pages 20-22.
20.8 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-C1 and
1996-C2, Reserve Fund Trust Statement to
Certificateholders for the Distribution Date in
February, 1997. Page 23.
20.9 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-C1 and
1996-C2, Statement to Certificateholders for the
Distribution Date in February, 1997. Pages 24-26.
20.10 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-D1, Remics I
and II and Series 1996-D2, Remic III, Monthly
Report to Certificateholders for the Distribution
Date in February, 1997. Pages 27-29.
20.11 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-D1 and
1996-D2, Reserve Fund Trust, Statement to
Certificateholders for the Distribution Date in
February, 1997. Page 30.
20.12 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-D1 and
1996-D2, Statement to Certificateholders for the
Distribution Date in February, 1997. Pages 31-33.
PAGE 3
<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 thereunto duly authorized.
UNITED COMPANIES LENDING CORPORATION , as
Servicer
By: /s/ Sherry E. Anderson
-----------------------
Sherry E. Anderson
Secretary
Dated: March 6, 1997
PAGE 4
<PAGE>
EXHIBIT INDEX
Exhibit
No. Description
------- -----------
20.1 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1996-A1
and Series 1996-A2, Remics I, II and III, Monthly
Report to Certificateholders for the Distribution
Date in February, 1997. Pages 6-8.
20.2 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1996-A1
and Series 1996-A2, Reserve Fund Trust Statement
to Certificateholders for the Distribution Date
in February, 1997. Page 9.
20.3 UCFC Acceptance Corporation, Home Equity
Loan Pass-Through Certificates, Series 1996-A1
and Series 1996-A2, Statement to Certificateholders
for the Distribution Date in February, 1997.
Pages 10-12.
20.4 UCFC Loan Trust Series 1996-B1, Remics I and II and
Series 1996-B2, Remic III, Monthly Report to
Certificateholders for the Distribution Date in
February, 1997. Pages 13-15.
20.5 UCFC Loan Trust Series 1996-B1, Reserve Fund Trust
Statement to Certificateholders for the Distribution
Date in February, 1997. Page 16.
20.6 UCFC Loan Trust Series 1996-B1, Statement to
Certificateholders for the Distribution Date in
February, 1997. Pages 17-19.
20.7 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-C1 and
1996-C2, Remics I and II, and Series 1996-C2,
Remic III, Monthly Report to Certificateholders
for the Distribution Date in February, 1997.
Pages 20-22.
20.8 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-C1 and
1996-C2, Reserve Fund Trust Statement to
Certificateholders for the Distribution Date in
February, 1997. Page 23.
20.9 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-C1 and
1996-C2, Statement to Certificateholders for the
Distribution Date in February, 1997. Pages 24-26.
20.10 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-D1, Remics I
and II and Series 1996-D2, Remic III, Monthly
Report to Certificateholders for the Distribution
Date in February, 1997. Pages 27-29.
20.11 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-D1 and
1996-D2, Reserve Fund Trust, Statement to
Certificateholders for the Distribution Date in
February, 1997. Page 30.
20.12 UCFC Acceptance Corporation, Home Equity Loan
Pass-Through Certificates, Series 1996-D1 and
1996-D2, Statement to Certificateholders for the
Distribution Date in February, 1997. Pages 31-33.
PAGE 5
UCFC Acceptance Corporation EXHIBIT 20.1
Home Equity Loan Pass-Through Certificates
Series 1996-A1 and 1996-A2
REMIC I
Statement To Certificateholders
<TABLE>
- ---------------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- -------------- ------------- ------------ ------------ ------------ -------- -------- --------------
A-1L 49,752,000.00 8,635,924.08 77,053.16 5,761,205,63 5,838,258.79 0.00 0.00 2,874,718.45
A-2L 31,412,000.00 31,412,000.00 280,219.23 0.00 280,219.23 0.00 0.00 31,412,000.00
A-3L 86,332,000.00 86,332,000.00 770,710.42 0.00 770,710.42 0.00 0.00 86,332,000.00
A-4L 27,625,000.00 27,625,000.00 246,728.76 0.00 246,728.76 0.00 0.00 27,625,000.00
A-5L 40,326,000.00 40,326,000.00 360,428.67 0.00 360,428.67 0.00 0.00 40,326,000.00
A-6L 39,704,000.00 39,704,000.00 355,128.00 0.00 355,128.00 0.00 0.00 39,704,000.00
A-7L 25,418,000.00 25,418,000.00 227,700.39 0.00 227,700.39 0.00 0.00 25,418,000.00
A-8L 24,431,000.00 24,431,000.00 219,089.41 0.00 219,089.41 0.00 0.00 24,431,000.00
R-I 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------------
TOTALS: 325,000,000.00 283,883,924.08 2,537,058.04 5,761,205.63 8,298,263.67 0.00 0.00 278,122,718.45
=====================================================================================================================
</TABLE>
<TABLE>
- -----------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ----------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ------ ----- ------------ -------- ----------- ---------- ---------- -------- ---------
A-1L 173.579436 1.548745 115.798473 117.347218 57.780963 11.017350% 11.013762%
A-2L 1,000.000000 8.920770 0.000000 8.920770 1,000.000000 11.017350% 11.013762%
A-3L 1,000.000000 8.927286 0.000000 8.927286 1,000.000000 11.017350% 11.013762%
A-4L 1,000.000000 8.931358 0.000000 8.931358 1,000.000000 11.017350% 11.013762%
A-5L 1,000.000000 8.937873 0.000000 8.937873 1,000.000000 11.017350% 11.013762%
A-6L 1,000.000000 8.944388 0.000000 8.944388 1,000.000000 11.017350% 11.013762%
A-7L 1,000.000000 8.958234 0.000000 8.958234 1,000.000000 11.017350% 11.013762%
A-8L 1,000.000000 8.967681 0.000000 8.967681 1,000.000000 11.017350% 11.013762%
R-I 0.000000 0.000000 0.000000 0.000000 0.000000 N/A N/A
- ------------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: Prudential Securities Incorporated Irvine, CA 92714
RECORD DATE: January 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: February 18, 1997 (800) 735-7777
Page 6
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-A1 and 1996-A2
REMIC II
Statement To Certificateholders
<TABLE>
- ----------------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTION IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- -------------- ------------- ------------ ------------ ------------ -------- -------- --------------
A-1 49,752,000.00 8,635,924.08 43,359.54 5,761,205.63 5,804,565.17 0.00 0.00 2,874,718.45
A-2 31,412,000.00 31,412,000.00 156,405.58 0.00 156,405.58 0.00 0.00 31,412,000.00
A-3 86,332,000.00 86,332,000.00 444,250.08 0.00 444,250.08 0.00 0.00 86,332,000.00
A-4 27,625,000.00 27,625,000.00 145,031.25 0.00 145,031.25 0.00 0.00 27,625,000.00
A-5 40,326,000.00 40,326,000.00 218,432.50 0.00 218,432.50 0.00 0.00 40,326,000.00
A-6 39,704,000.00 39,704,000.00 221,680.67 0.00 221,680.67 0.00 0.00 39,704,000.00
A-7 25,418,000.00 25,418,000.00 150,919.38 0.00 150,919.38 0.00 0.00 25,418,000.00
A-8 24,431,000.00 24,431,000.00 150,963.22 0.00 150,963.22 0.00 0.00 24,431,000.00
EI-1 0.00 0.00 33,693.62 0.00 33,693.62 0.00 0.00 0.00
EI-2 0.00 0.00 123,813.65 0.00 123,813.65 0.00 0.00 0.00
EI-3 0.00 0.00 326,460.34 0.00 326,460.34 0.00 0.00 0.00
EI-4 0.00 0.00 101,697.51 0.00 101,697.51 0.00 0.00 0.00
EI-5 0.00 0.00 141,996.17 0.00 141,996.17 0.00 0.00 0.00
EI-6 0.00 0.00 133,447.33 0.00 133,447.33 0.00 0.00 0.00
EI-7 0.00 0.00 76,781.01 0.00 76,781.01 0.00 0.00 0.00
EI-8 0.00 0.00 68,126.19 0.00 68,126.19 0.00 0.00 0.00
R-II 0 0 0.00 0 0.00 0 0 0
R-1 0 0 0.00 0 0.00 0 0 0
- -----------------------------------------------------------------------------------------------------------------------
TOTALS: 325,000,000.00 283,883,924.08 2,537,058.04 5,761,205.63 8,298,263.67 0.00 0.00 278,122,718.45
=======================================================================================================================
</TABLE>
<TABLE>
- -----------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL -------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- ------------ -------- ---------- ---------- ---------- -------- ---------
A-1 90263BCU0 173.579436 0.871514 115.798473 116.669987 57.780963 6.025000% 6.025000%
A-2 90263BCV8 1,000.000000 4.979167 0.000000 4.979167 1,000.000000 5.975000% 5.975000%
A-3 90263BCW6 1,000.000000 5.145833 0.000000 5.145833 1,000.000000 6.175000% 6.175000%
A-4 90263BCX4 1,000.000000 5.250000 0.000000 5.250000 1,000.000000 6.300000% 6.300000%
A-5 90263BCY2 1,000.000000 5.416667 0.000000 5.416667 1,000.000000 6.500000% 6.500000%
A-6 90263BCZ9 1,000.000000 5.583333 0.000000 5.583333 1,000.000000 6.700000% 6.700000%
A-7 90263BDA3 1,000.000000 5.937500 0.000000 5.937500 1,000.000000 7.125000% 7.125000%
A-8 90263BDB1 1,000.000000 6.179167 0.000000 6.179167 1,000.000000 7.415000% 7.415000%
EI-1 0.000000 0.103673 0.000000 0.103673 0.000000 4.872350% 4.988762%
EI-2 0.000000 0.380965 0.000000 0.380965 0.000000 4.922350% 5.038762%
EI-3 0.000000 1.004493 0.000000 1.004493 0.000000 4.722350% 4.838762%
EI-4 0.000000 0.312915 0.000000 0.312915 0.000000 4.597350% 4.713762%
EI-5 0.000000 0.436911 0.000000 0.436911 0.000000 4.397350% 4.513762%
EI-6 0.000000 0.410607 0.000000 0.410607 0.000000 4.197350% 4.313762%
EI-7 0.000000 0.236249 0.000000 0.236249 0.000000 3.772350% 3.888762%
EI-8 0.000000 0.209619 0.000000 0.209619 0.000000 3.482350% 3.598762%
R-II 0.000000 0.000000 0.000000 0.000000 0.000000 N/A N/A
R-1 0.000000 0.000000 0.000000 0.000000 0.000000 N/A N/A
- ----------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: Prudential Securities Incorporated Irvine, CA 92714
RECORD DATE: January 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: February 18, 1997 (800) 735-7777
Page 7 (c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-A1 and 1996-A2
REMIC III
Statement To Certificateholders
<TABLE>
- ----------------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTION IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- -------------- ------------- ------------ ------------ ------------ -------- -------- --------------
A-9 100,000,000.00 86,578,224.55 436,883.34 2,105,889.57 2,542,772.91 0.00 0.00 84,472,334.98
R-2 0.00 0.00 226.08 0.00 226.08 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------
TOTALS 100,000,000.00 86,578,224.55 437,109.42 2,105,889.57 3,245,676.76 0.00 0.00 84,472,334.98
</TABLE>
<TABLE>
- -----------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL -------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- ------------ -------- ---------- ---------- ---------- -------- ---------
A-9 90263BDC9 865.782246 4.368833 21.058896 25.427729 844.723350 5.860000% 5.797500%
R-2 0.000000 0.002261 0.000000 0.002261 0.000000 N/A N/A
- ---------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: Prudential Securities Incorporated Irvine, CA 92714
RECORD DATE: January 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: February 18, 1997 (800) 735-7777
Page 8 (c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation EXHIBIT 20.2
Home Equity Loan Pass-Through Certificates
Series 1996-A1 and 1996-A2
Reserve Fund Trust
Statement To Certificateholders
<TABLE>
- ----------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- --------- -------- --------- --------- -------- -------- ---------
A 0.00 0.00 41,010,58 0.00 41,010.58 0.00 0.00 0.00
B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------
TOTALS 0.00 0.00 41,010.58 0.00 41,010.58 0.00 0.00 0.00
==============================================================================================
</TABLE>
<TABLE>
- -----------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- ------- -------- --------- ------ --------- ------- --------
A 0.000000 0.126186 0.000000 0.126186 0.000000 N/A N/A
B 0.000000 0.000000 0.000000 0.000000 0.000000 N/A N/A
- ------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: Prudential Securities Incorporated Irvine, CA 92714
RECORD DATE: January 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: February 18, 1997 (800) 735-7777
Page 9
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation EXHIBIT 20.3
Home Equity Loan Pass-Through Certificates
Series 1996-A1 and 1996-A2
Statement To Certificateholders
Distribution Date: February 18, 1997
LOAN GROUP 1 PRINCIPAL BALANCE: 278,145,264.64
TOTAL PRINCIPAL: 5,761,205.63
PREPAYMENTS: 5,180,754.14
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 2,726,945.38
LOAN GROUP 2 PRINCIPAL BALANCE: 84,472,359.98
TOTAL PRINCIPAL: 2,105,889.57
PREPAYMENTS: 2,045,702.87
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 704,455.50
SUBSTITUTION AMOUNTS GROUP 1: 0.00
LOAN PURCHASE PRICES GROUP 1: 0.00
SUBSTITUTION AMOUNTS GROUP 2: 0.00
LOAN PURCHASE PRICES GROUP 2: 0.00
RESERVE ACCOUNT BALANCE: 27,320,947.47
SPECIFIED RESERVE ACCOUNT REQUIREMENT: 34,000,000.00
CUMULATIVE RESERVE ACCOUNT WITHDRAWALS
AS OF THE CURRENT PAYMENT DATE: 41,010.58
SUBORDINATED AMOUNT AS OF THE CURRENT
PAYMENT DATE: 72,208,989.42
GROUP 1 INSURED PAYMENT RELATING TO THE
CURRENT PAYMENT DATE: 0.00
GROUP 2 INSURED PAYMENT RELATING TO THE
CURRENT PAYMENT DATE: 0.00
TOTAL TOTAL
ACCRUED DUE
------- ---------
SERVICING FEES GROUP 1: 118,294.36 88,648.62
SERVICING FEES GROUP 2: 36,074.27 28,571.41
GUARANTEE FEES DUE GROUP 1: 605,077.40
GUARANTEE FEES DUE GROUP 2: 53,330.07
Page 10
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-A1 and 1996-A2
Statement To Certificateholders
Distribution Date: February 18, 1997
GROUP 1 REALIZED LOSSES FOR THE
RELATED REMITTANCE PERIOD: 23,436.66
GROUP 1 CUMULATIVE REALIZED LOSSES
AS OF THE CURRENT PAYMENT DATE: 41,752.56
GROUP 2 REALIZED LOSSES FOR THE
RELATED REMITTANCE PERIOD: 0.00
GROUP 2 CUMULATIVE REALIZED LOSSES
AS OF THE CURRENT PAYMENT DATE: 0.00
CLASS A-9 LIBOR RATE FOR THE RELATED ACCRUAL PERIOD: 5.8600%
<TABLE>
- -----------------------------------------------------------------------------------
<CAPTION>
DELINQUENT AND LOANS
FORECLOSURE LOAN 30 TO 59 60 TO 89 90 AND OVER IN
INFORMATION DAYS DAYS DAYS FORE-
CLOSURE
- -----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
PRINCIPAL BALANCE - GROUP 1 12,966,953.73 4,649,133.42 16,739,759.49 0.00
NUMBER OF LOANS 327 115 341 0
PRINCIPAL BALANCE - GROUP 2 4,205,714.98 2,421,912.00 5,017,872.79 0.00
NUMBER OF LOANS 53 30 70 0
AGGREGATE PRINCIPAL BALANCE 17,172,668.71 7,071,045.42 21,757,632.28 0.00
AGGREGATE NUMBER OF LOANS 380 145 411 0
Note: Quantity and Principal Balance of Foreclosures and Bankruptcies
are Included in the Delinquency Figures.
- -----------------------------------------------------------------------------------
</TABLE>
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 1: 98
PRINCIPAL BALANCE OF LOANS IN
BANKRUPTCY PROCEEDINGS-GROUP 1: 4,232,963.98
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 2: 16
PRINCIPAL BALANCE OF LOANS IN
BANKRUPTCY PROCEEDINGS-GROUP 2: 1,391,370.23
REO LOANS - GROUP 1: 9
PRINCIPAL BALANCE OF REO LOANS - GROUP 1: 477,214.08
REO LOANS - GROUP 2: 1
PRINCIPAL BALANCE OF REO LOANS - GROUP 2: 81,230.79
BOOK VALUE OF REO PROPERTY, IF AVAILABLE: 0.00
REO PROCEEDS: 0.00
REO PROPERTY MATTERS: (SEE ATTACHMENTS IF ANY)
OTHER FORECLOSURE INFORMATION: (SEE ATTACHMENTS IF ANY)
Page 11
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-A1 and 1996-A2
Statement To Certificateholders
Distribution Date: February 18, 1997
CLASS A-1 INTEREST SHORTFALL AMOUNT:
CLASS A-2 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-3 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-4 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-5 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-6 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-7 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-8 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-9 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-1 PRINCIPAL SHORTFALL AMOUNT:
CLASS A-2 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-3 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-4 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-5 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-6 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-7 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-8 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-9 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-1 CARRY-FORWARD AMOUNT: 0.00
CLASS A-2 CARRY-FORWARD AMOUNT: 0.00
CLASS A-3 CARRY-FORWARD AMOUNT: 0.00
CLASS A-4 CARRY-FORWARD AMOUNT: 0.00
CLASS A-5 CARRY-FORWARD AMOUNT: 0.00
CLASS A-6 CARRY-FORWARD AMOUNT: 0.00
CLASS A-7 CARRY-FORWARD AMOUNT: 0.00
CLASS A-8 CARRY-FORWARD AMOUNT: 0.00
CLASS A-9 CARRY-FORWARD AMOUNT: 0.00
PAGE 12
(c) COPYRIGHT 1997 Bankers Trust Company
UCFC EXHIBIT 20.4
UCFC Loan Trust
Series 1996-B1
REMIC I
Statement To Certificateholders
<TABLE>
- -----------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- -------------- ----------- ------------ ------------- -------- -------- --------------
1 125,700,000.00 99,233,668.60 909,655.09 5,542,767.81 6,452,422.90 0.00 0.00 93,690,900.79
2 77,899,000.00 77,899,000.00 714,084.47 0.00 714,084.47 0.00 0.00 77,899,000.00
3 47,752,000.00 47,752,000.00 437,732.98 0.00 437,732.98 0.00 0.00 47,752,000.00
4 44,427,000.00 44,427,000.00 407,253.37 0.00 407,253.37 0.00 0.00 44,427,000.00
5 39,714,000.00 39,714,000.00 364,050.25 0.00 364,050.25 0.00 0.00 39,714,000.00
6 34,090,000.00 34,090,000.00 312,496.18 0.00 312,496.18 0.00 0.00 34,090,000.00
7 30,418,000.00 30,418,000.00 278,967.74 0.00 278,967.74 0.00 0.00 30,418,000.00
8 250,000,000.00 232,931,597.62 1,774,623.21 3,963,409.76 5,738,032.97 0.00 0.00 228,968,187.86
RI 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------------------------------------------
TOTALS 650,000,000.00 606,465,266.22 5,198,863.29 9,506,177.57 14,705,040.86 0.00 0.00 596,959,088.65
===================================================================================================================
</TABLE>
<TABLE>
- --------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL --------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- --------- -------- --------- --------- --------- ------- ---------
1 789.448438 7.236715 44.095209 51.331924 745.353228 8.908351% 8.905910%
2 1,000.000000 9.166799 0.000000 9.166799 1,000.000000 8.908351% 8.905910%
3 1,000.000000 9.166799 0.000000 9.166799 1,000.000000 8.908351% 8.905910%
4 1,000.000000 9.166799 0.000000 9.166799 1,000.000000 8.908351% 8.905910%
5 1,000.000000 9.166799 0.000000 9.166799 1,000.000000 8.908351% 8.905910%
6 1,000.000000 9.166799 0.000000 9.166799 1,000.000000 8.908351% 8.905910%
7 1,000.000000 9.171140 0.000000 9.171140 1,000.000000 8.908351% 8.905910%
8 931.726390 7.098493 15.853639 22.952132 915.872751 9.142374% 9.147721%
RI 0.000000 0.000000 0.000000 0.000000 0.000000 NA NA
- --------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: UCFC Acceptance Corporation Irvine, CA 92714
RECORD DATE: January 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: February 18, 1997 (800) 735-7777
Page 13
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC
UCFC Loan Trust
Series 1996-B1
REMIC II
Statement To Certificateholders
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- -------------- ------------ ------------ ------------ -------- -------- --------------
A-1 125,700,000.00 99,233,668.60 479,381.31 5,542,767.81 6,022,149.12 0.00 0.00 93,690,900.79
A-2 77,899,000.00 77,899,000.00 459,279.52 0.00 459,279.52 0.00 0.00 77,899,000.00
A-3 47,752,000.00 47,752,000.00 290,491.33 0.00 290,491.33 0.00 0.00 47,752,000.00
A-4 44,427,000.00 44,427,000.00 278,594.31 0.00 278,594.31 0.00 0.00 44,427,000.00
A-5 39,714,000.00 39,714,000.00 253,176.75 0.00 253,176.75 0.00 0.00 39,714,000.00
A-6 34,090,000.00 34,090,000.00 226,556.46 0.00 226,556.46 0.00 0.00 34,090,000.00
A-7 30,418,000.00 30,418,000.00 207,856.33 0.00 207,856.33 0.00 0.00 30,418,000.00
EI-1 0.00 0.00 430,273.78 0.00 430,273.78 0.00 0.00 0.00
EI-2 0.00 0.00 254,804.95 0.00 254,804.95 0.00 0.00 0.00
EI-3 0.00 0.00 147,241.65 0.00 147,241.65 0.00 0.00 0.00
EI-4 0.00 0.00 128,659.06 0.00 128,659.06 0.00 0.00 0.00
EI-5 0.00 0.00 110,873.50 0.00 110,873.50 0.00 0.00 0.00
EI-6 0.00 0.00 85,939.72 0.00 85,939.72 0.00 0.00 0.00
EI-7 0.00 0.00 71,111.41 0.00 71,111.41 0.00 0.00 0.00
R-1 0.00 0.00 772.89 0.00 772.89 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------------------------
TOTALS 400,000,000.00 373,533,668.60 3,425,012.97 5,542,767.81 8,967,708.78 0.00 0.00 367,990,900.79
=====================================================================================================================
</TABLE>
<TABLE>
- --------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL --------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- --------- -------- --------- ----- --------- ------- ---------
A-1 90263BDD7 789.448438 3.813694 44.095209 47.908903 745.353228 5.610000% 5.547500%
A-2 90263BDE5 1,000.000000 5.895833 0.000000 5.895833 1,000.000000 7.075000% 7.075000%
A-3 90263BDF2 1,000.000000 6.083333 0.000000 6.083333 1,000.000000 7.300000% 7.300000%
A-4 90263BDG0 1,000.000000 6.270833 0.000000 6.270833 1,000.000000 7.525000% 7.525000%
A-5 90263BDH8 1,000.000000 6.375000 0.000000 6.375000 1,000.000000 7.650000% 7.650000%
A-6 90263BDJ4 1,000.000000 6.645833 0.000000 6.645833 1,000.000000 7.975000% 7.975000%
A-7 90263BDK1 1,000.000000 6.833333 0.000000 6.833333 1,000.000000 8.200000% 8.200000%
EI-1 0.000000 1.075684 0.000000 1.075684 0.000000 5.203159% 5.449022%
EI-2 0.000000 0.637012 0.000000 0.637012 0.000000 3.925159% 3.921522%
EI-3 0.000000 0.368104 0.000000 0.368104 0.000000 3.700159% 3.696522%
EI-4 0.000000 0.321648 0.000000 0.321648 0.000000 3.475159% 3.471522%
EI-5 0.000000 0.277184 0.000000 0.277184 0.000000 3.350159% 3.346522%
EI-6 0.000000 0.214849 0.000000 0.214849 0.000000 3.025159% 3.021522%
EI-7 0.000000 0.177779 0.000000 0.177779 0.000000 2.800159% 2.796522%
R-1 0.000000 0.001932 0.000000 0.001932 0.000000 NA NA
- -------------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: UCFC Acceptance Corporation Irvine, CA 92714
RECORD DATE: January 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: February 18, 1997 (800) 735-7777
Page 14
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC
UCFC Loan Trust
Series 1996-B2
REMIC III
Statement To Certificateholders
<TABLE>
- ------------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- -------------- ------------ ------------ ------------ -------- -------- ------------
A-8 250,000,000.00 232,931,597.62 1,169,381.32 3,963,409.76 5,132,791.08 0.00 0.00 228,968,187.86
R-2 0.00 0.00 383.96 0.00 383.96 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------
TOTALS 250,000,000.00 232,931,597.62 1,169,765.28 3,963,409.76 5,133,175.04 0.00 0.00 228,968,187.86
==================================================================================================================
</TABLE>
<TABLE>
- ----------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL --------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- --------- -------- --------- ----- --------- ------- ---------
A-8 90263BDL9 931.726390 4.677525 15.853639 20.531164 915.872751 5.830000% 5.767500%
R-2 0.000000 0.000960 0.000000 0.000960 0.000000 N/A N/A
- ----------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: UCFC Acceptance Corporation Irvine, CA 92714
RECORD DATE: January 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: February 18, 1997 (800) 735-7777
Page 15
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC EXHIBIT 20.5
UCFC Loan Trust
Series 1996-B1
Reserve Fund Trust
Statement To Certificateholders
<TABLE>
- ------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- --------- -------- --------- ----- -------- -------- ---------
A TRUST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
B TRUST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------
TOTALS: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
==========================================================================================
</TABLE>
<TABLE>
- ----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINICPAL PRINCIPAL ----------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- -------- -------- --------- ----- --------- ------- ------
A TRUST 0.000000 0.000000 0.000000 0.000000 0.000000 N/A N/A
B TRUST 0.000000 0.000000 0.000000 0.000000 0.000000 N/A N/A
- -----------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: UCFC Acceptance Corporation Irvine, CA 92714
RECORD DATE: January 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: February 18, 1997 (800) 735-7777
Page 16
(c) COPYRIGHT 1997 Bankers Trust Company
EXHIBIT 20.6
UCFC
UCFC Loan Trust
Series 1996-B1
Statement To Certificateholders
Distribution Date: February 18, 1997
LOAN GROUP 1 PRINCIPAL BALANCE: 368,031,045.09
TOTAL PRINCIPAL: 5,542,767.81
PREPAYMENTS: 4,912,018.90
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 3,460,665.98
LOAN GROUP 2 PRINCIPAL BALANCE: 228,968,187.86
TOTAL PRINCIPAL: 3,963,409.76
PREPAYMENTS: 3,772,346.04
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 1,797,188.46
CLASS A-1 CARRY-FORWARD AMOUNT: 0.00
CLASS A-2 CARRY-FORWARD AMOUNT: 0.00
CLASS A-3 CARRY-FORWARD AMOUNT: 0.00
CLASS A-4 CARRY-FORWARD AMOUNT: 0.00
CLASS A-5 CARRY-FORWARD AMOUNT: 0.00
CLASS A-6 CARRY-FORWARD AMOUNT: 0.00
CLASS A-7 CARRY-FORWARD AMOUNT: 0.00
CLASS A-8 CARRY-FORWARD AMOUNT: 0.00
SUBSTITUTION AMOUNTS GROUP 1: 0.00
LOAN PURCHASE PRICES GROUP 1: 0.00
SUBSTITUTION AMOUNTS GROUP 2: 0.00
LOAN PURCHASE PRICES GROUP 2: 0.00
RESERVE ACCOUNT BALANCE: 45,514,020.96
INSURED PAYMENT GROUP 1: 0.00
INSURED PAYMENT GROUP 2: 0.00
TOTAL TOTAL
ACCRUED DUE
------- ----------
SERVICING FEES GROUP 1: 155,655.76 117,424.62
SERVICING FEES GROUP 2: 97,054.83 77,811.11
GUARANTEE FEES DUE GROUP 1: 651,270.55
GUARANTEE FEES DUE GROUP 2: 145,258.05
Page 17
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC
UCFC Loan Trust
Series 1996-B1
Statement To Certificateholders
Distribution Date: February 18, 1997
NET REALIZED LOSSES GROUP 1: 0.00
NET REALIZED LOSSES GROUP 2: 0.00
CUMULATIVE RESERVE ACCOUNT WITHDRAWALS: 0.00
SUBORDINATED AMOUNT: 97,500,000.00
<TABLE>
- -------------------------------------------------------------------------------------
<CAPTION>
DELINQUENT AND LOANS
FORECLOSURE LOAN 30 TO 59 60 TO 89 90 AND OVER IN
INFORMATION DAYS DAYS DAYS FORE-
CLOSURE
- --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
PRINCIPAL BALANCE - GROUP 1 17,158,521.86 5,558,048.59 13,928,916.90 0.00
NUMBER OF LOANS 373 116 286 0
PRINCIPAL BALANCE - GROUP 2 9,024,732.22 1,903,440.08 5,772,626.44 0.00
NUMBER OF LOANS 112 26 64 0
AGGREGATE PRINCIPAL BALANCE 26,183,254.08 7,461,488.67 19,701,543.34 0.00
AGGREGATE NUMBER OF LOANS 485 142 350 0
- --------------------------------------------------------------------------------------
</TABLE>
Note: Quantity and Principal Balance of Foreclosures are Included in
the Delinquency Figures.
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 1: 77
PRINCIPAL BALANCE OF LOANS IN
BANKRUPTCY PROCEEDINGS-GROUP 1: 3,062,136.58
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 2: 21
PRINCIPAL BALANCE OF LOANS IN
BANKRUPTCY PROCEEDINGS-GROUP 2: 1,729,167.05
REO LOANS - GROUP 1: 4
PRINCIPAL BALANCE OF REO LOANS - GROUP 1: 407,310.05
REO LOANS - GROUP 2: 0
PRINCIPAL BALANCE OF REO LOANS - GROUP 2: 0.00
CLASS A-1 LIBOR RATE 5.610000%
CLASS A-8 LIBOR RATE 5.830000%
LIBOR INTEREST CARRYOVER PAID 0.00
LIBOR INTEREST CARRYOVER REMAINING 0.00
BOOK VALUE OF REO PROPERTY: 0.00
REO PROCEEDS: 5,542,232.00
REO PROPERTY MATTERS: (SEE ATTACHMENTS IF ANY)
OTHER FORECLOSURE INFORMATION: (SEE ATTACHMENTS IF ANY)
Page 18
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC
UCFC Loan Trust
Series 1996-B1
Statement To Certificateholders
Distribution Date: February 18, 1997
CLASS A-1 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-2 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-3 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-4 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-5 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-6 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-7 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-8 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-1 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-2 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-3 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-4 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-5 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-6 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-7 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-8 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-1 CARRY-FORWARD AMOUNT: 0.00
CLASS A-2 CARRY-FORWARD AMOUNT: 0.00
CLASS A-3 CARRY-FORWARD AMOUNT: 0.00
CLASS A-4 CARRY-FORWARD AMOUNT: 0.00
CLASS A-5 CARRY-FORWARD AMOUNT: 0.00
CLASS A-6 CARRY-FORWARD AMOUNT: 0.00
CLASS A-7 CARRY-FORWARD AMOUNT: 0.00
CLASS A-8 CARRY-FORWARD AMOUNT: 0.00
Page 19
(c) COPYRIGHT 1997 Bankers Trust Company
EXHIBIT 20.7
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-C1 and 1996-C2
REMIC I
Statement To Certificateholders
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- -------------- ------------ ------------ ------------ -------- -------- --------------
1 95,000,000.00 86,930,791.64 822,234.74 3,838,600.61 4,660,835.35 0.00 0.00 83,092,191.03
2 46,209,000.00 46,209,000.00 437,067.75 0.00 437,067.75 0.00 0.00 46,209,000.00
3 57,161,000.00 57,161,000.00 540,657.21 0.00 540,657.21 0.00 0.00 57,161,000.00
4 57,269,000.00 57,269,000.00 541,678.74 0.00 541,678.74 0.00 0.00 57,269,000.00
5 24,060,000.00 24,060,000.00 227,571.47 0.00 227,571.47 0.00 0.00 24,060,000.00
6 20,301,000.00 20,301,000.00 192,016.97 0.00 192,016.97 0.00 0.00 20,301,000.00
RI 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- --------------------------------------------------------------------------------------------------------------------
TOTALS 300,000,000.00 291,930,791.64 2,761,226.88 3,838,600.61 6,599,827.49 0.00 0.00 288,092,191.03
====================================================================================================================
</TABLE>
<TABLE>
- -----------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL -------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- ------------ -------- --------- --------- --------- ------- ---------
1 915.060965 8.655103 40.406322 49.061425 874.654642 8.544491% 8.541814%
2 1,000.000000 9.458498 0.000000 9.458498 1,000.000000 8.544491% 8.541814%
3 1,000.000000 9.458498 0.000000 9.458498 1,000.000000 8.544491% 8.541814%
4 1,000.000000 9.458498 0.000000 9.458498 1,000.000000 8.544491% 8.541814%
5 1,000.000000 9.458498 0.000000 9.458498 1,000.000000 8.544491% 8.541814%
6 1,000.000000 9.458498 0.000000 9.458498 1,000.000000 8.544491% 8.541814%
RI 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
- ----------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: Prudential Securities Irvine, CA 92714
Incorporated
RECORD DATE: January 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: February 18, 1997 (800)735-7777
Page 20
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-C1 and 1996-C2
REMIC II
Statement To Certificateholders
<TABLE>
- -----------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
----- ---------- -------------- ------------ ------------ ------------ -------- -------- --------------
A-1 95,000,000.00 86,930,791.64 419,948.17 3,838,600.61 4,258,548.78 0.00 0.00 83,092,191.03
A-2 46,209,000.00 46,209,000.00 266,664.44 0.00 266,664.44 0.00 0.00 46,209,000.00
A-3 57,161,000.00 57,161,000.00 340,584.29 0.00 340,584.29 0.00 0.00 57,161,000.00
A-4 57,269,000.00 57,269,000.00 356,738.15 0.00 356,738.15 0.00 0.00 57,269,000.00
A-5 24,060,000.00 24,060,000.00 156,390.00 0.00 156,390.00 0.00 0.00 24,060,000.00
A-6 20,301,000.00 20,301,000.00 132,379.44 0.00 132,379.44 0.00 0.00 20,301,000.00
EI-1 0.00 0.00 402,286.57 0.00 402,286.57 0.00 0.00 0.00
EI-2 0.00 0.00 170,403.31 0.00 170,403.31 0.00 0.00 0.00
EI-3 0.00 0.00 200,072.92 0.00 200,072.92 0.00 0.00 0.00
EI-4 0.00 0.00 184,940.59 0.00 184,940.59 0.00 0.00 0.00
EI-5 0.00 0.00 71,181.47 0.00 71,181.47 0.00 0.00 0.00
EI-6 0.00 0.00 59,637.53 0.00 59,637.53 0.00 0.00 0.00
RII 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 467.81 0.00 467.81 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------
TOTALS 300,000,000.00 291,930,791.64 2,761,694.69 3,838,600.61 6,600,295.30 0.00 0.00 288,092,191.03
==================================================================================================================
</TABLE>
<TABLE>
- --------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL -------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
----- ----- ------------ -------- --------- --------- ------------ --------- ---------
A-1 90263BDM7 915.060965 4.420507 40.406322 44.826829 874.654642 5.610000% 5.547500%
A-2 90263BDN5 1,000.000000 5.770833 0.000000 5.770833 1,000.000000 6.925000% 6.925000%
A-3 90263BDP0 1,000.000000 5.958333 0.000000 5.958333 1,000.000000 7.150000% 7.150000%
A-4 90263BDQ8 1,000.000000 6.229167 0.000000 6.229167 1,000.000000 7.475000% 7.475000%
A-5 90263BDR6 1,000.000000 6.500000 0.000000 6.500000 1,000.000000 7.800000% 7.800000%
A-6 90263BDS4 1,000.000000 6.520833 0.000000 6.520833 1,000.000000 7.825000% 7.825000%
EI-1 0.000000 1.340955 0.000000 1.340955 0.000000 5.553198% 5.797834%
EI-2 0.000000 0.568011 0.000000 0.568011 0.000000 4.425198% 4.420334%
EI-3 0.000000 0.666910 0.000000 0.666910 0.000000 4.200198% 4.195334%
EI-4 0.000000 0.616469 0.000000 0.616469 0.000000 3.875198% 3.870334%
EI-5 0.000000 0.237272 0.000000 0.237272 0.000000 3.550198% 3.545334%
EI-6 0.000000 0.198792 0.000000 0.198792 0.000000 3.525198% 3.520334%
RII 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
R-1 0.000000 0.001559 0.000000 0.001559 0.000000 0.000000% 0.000000%
------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: Prudential Securities Irvine, CA 92714
Incorporated
RECORD DATE: January 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: February 18, 1997 (800)735-7777
Page 21
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-C2
REMIC III
Statement To Certificateholders
<TABLE>
- -----------------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- -------------- ---------- ------------ ------------ -------- -------- ----------------
A-7 200,000,000.00 193,646,038.97 967,154.38 1,721,810.75 2,688,965.13 0.00 0.00 191,924,228.22
R-2 0.00 0.00 209.84 0.00 209.84 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------
TOTAL 200,000,000.00 193,646,038.97 967,364.22 1,721,810.75 2,689,174.97 0.00 0.00 191,924,228.22
=======================================================================================================================
</TABLE>
<TABLE>
- --------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL --------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- ------- -------- --------- --------- ---------- -------- ---------
A-7 90263BDT2 968.230195 4.835772 8.609054 13.444826 959.621141 5.800000% 5.737500%
R-2 0.000000 0.001049 0.000000 0.001049 0.000000 0.000000% 0.000000%
- --------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: Prudential Securities Irvine, CA 92714
Incorporated
RECORD DATE: January 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: February 18, 1997 (800)735-7777
Page 22
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
EXHIBIT 20.8
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-C1 and 1996-C2
Reserve Fund Trust
Statement To Certificateholders
<TABLE>
- --------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- --------- -------- --------- ----- -------- -------- --------
A TRUST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
B TRUST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- --------------------------------------------------------------------------------------
TOTALS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
======================================================================================
</TABLE>
<TABLE>
- ----------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ----------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- --------- -------- --------- -------- -------- ------- ------
A TRUST 0.000000 0.000000 0.000000 0.000000 0.000000 NA NA
B TRUST 0.000000 0.000000 0.000000 0.000000 0.000000 NA NA
- -----------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance Corporation ADMINISTRATOR:
SERVICER: United Companies Lending Bankers Trust Company
Corporation 3 Park Plaza
LEAD UNDERWRITER: Prudential Securities Irvine, CA 92714
Incorporated
RECORD DATE: January 31, 1997 FACTOR INFORMATION:
DISTRIBUTION DATE: February 18, 1997 (800)735-7777
Page 23
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
EXHIBIT 20.9
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-C1 and 1996-C2
Statement To Certificateholders
Distribution Date: February 18, 1997
LOAN GROUP 1 PRINCIPAL BALANCE: 288,092,191.33
TOTAL PRINCIPAL: 3,838,600.61
PREPAYMENTS: 3,263,451.38
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 2,918,443.76
LOAN GROUP 2 PRINCIPAL BALANCE: 191,924,228.39
TOTAL PRINCIPAL: 1,721,810.75
PREPAYMENTS: 1,573,484.38
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 1,649,459.28
SUBSTITUTION AMOUNTS GROUP 1: 0.00
LOAN PURCHASE PRICES GROUP 1: 0.00
SUBSTITUTION AMOUNTS GROUP 2: 0.00
LOAN PURCHASE PRICES GROUP 2: 0.00
RESERVE ACCOUNT BALANCE: 17,349,561.83
SPECIFIED RESERVE ACCOUNT REQUIREMENT: 31,250,000.00
CUMULATIVE RESERVE ACCOUNT WITHDRAWALS
AS OF THE CURRENT PAYMENT DATE: 0.00
SUBORDINATED AMOUNT
AS OF THE CURRENT PAYMENT DATE: 85,000,000.00
GROUP 1 INSURED PAYMENT RELATING
TO THE CURRENT PAYMENT DATE: 0.00
GROUP 2 INSURED PAYMENT RELATING
TO THE CURRENT PAYMENT DATE: 0.00
TOTAL TOTAL
ACCRUED DUE
------- -----------
SERVICING FEES GROUP 1: 121,637.83 92,934.45
SERVICING FEES GROUP 2: 80,685.85 64,149.35
GUARANTEE FEES DUE GROUP 1: 682,793.42
GUARANTEE FEES DUE GROUP 2: 289,009.22
Page 24
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-C1 and 1996-C2
Statement To Certificateholders
Distribution Date: February 18, 1997
GROUP 1 REALIZED LOSSES FOR THE RELATED
REMITTANCE PERIOD: 0.00
GROUP 1 CUMULATIVE REALIZED LOSSES
AS OF THE CURRENT PAYMENT DATE: 0.00
GROUP 2 REALIZED LOSSES FOR THE RELATED
REMITTANCE PERIOD: 0.00
GROUP 2 CUMULATIVE REALIZED LOSSES
AS OF THE CURRENT PAYMENT DATE: 0.00
CLASS A-1 LIBOR RATE FOR THE RELATED
ACCRUAL PERIOD: 5.6100%
CLASS A-7 LIBOR RATE FOR THE RELATED
ACCRUAL PERIOD: 5.8000%
<TABLE>
<S> <C> <C> <C> <C>
DELINQUENT AND LOANS
FORECLOSURE LOAN 30 TO 59 60 TO 89 90 AND OVER IN
INFORMATION DAYS DAYS DAYS FORE-
CLOSURE
- ----------------------------------------------------------------------------------
PRINCIPAL BALANCE-GROUP 1 8,018,050.79 3,588,001.46 3,015,948.73 0.00
NUMBER OF LOANS 197 69 63 0
PRINCIPAL BALANCE-GROUP 2 5,296,082.05 2,853,669.86 2,134,854.30 0.00
NUMBER OF LOANS 83 41 31 0
AGGREGATE PRINCIPAL BALANCE 13,314,132.84 6,441,671.32 5,150,803.03 0.00
AGGREGATE NUMBER OF LOANS 280 110 94 0
Note: Quantity and Principal Balance of Foreclosures and Bankruptcies
are Included in the Delinquency Figures.
- ------------------------------------------------------------------------------
</TABLE>
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 1: 21
PRINCIPAL BALANCE OF LOANS IN
BANKRUPTCY PROCEEDINGS-GROUP 1: 1,001,289.14
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 2: 8
PRINCIPAL BALANCE OF
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 2: 461,605.40
REO LOANS - GROUP 1: 0
PRINCIPAL BALANCE OF REO LOANS - GROUP 1: 0.00
REO LOANS - GROUP 2: 0
PRINCIPAL BALANCE OF REO LOANS - GROUP 2: 0.00
BOOK VALUE OF REO PROPERTY, IF AVAILABLE: 0.00
REO PROCEEDS: 0.00
REO PROPERTY MATTERS: (SEE ATTACHMENTS, IF ANY)
OTHER FORECLOSURE INFORMATION: (SEE ATTACHMENTS, IF ANY)
Page 25
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-C1 and 1996-C2
Statement To Certificateholders
Distribution Date: February 18, 1997
CLASS A-1 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-2 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-3 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-4 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-5 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-6 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-7 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-1 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-2 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-3 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-4 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-5 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-6 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-7 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-1 CARRY-FORWARD AMOUNT: 0.00
CLASS A-2 CARRY-FORWARD AMOUNT: 0.00
CLASS A-3 CARRY-FORWARD AMOUNT: 0.00
CLASS A-4 CARRY-FORWARD AMOUNT: 0.00
CLASS A-5 CARRY-FORWARD AMOUNT: 0.00
CLASS A-6 CARRY-FORWARD AMOUNT: 0.00
CLASS A-7 CARRY-FORWARD AMOUNT: 0.00
Page 26
(c) COPYRIGHT 1997 Bankers Trust Company
EXHIBIT 20.10
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-D1
REMIC I
Statement To Certificateholders
<TABLE>
- ----------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ------------- -------------- ------------ --------- ------------ -------- -------- --------------
1 98,900,000.00 98,447,283.50 899,886.33 2,256,662.68 3,156,549.01 0.00 0.00 96,190,620.82
2 55,700,000.00 55,700,000.00 509,336.56 0.00 509,336.56 0.00 0.00 55,700,000.00
3 49,100,000.00 49,100,000.00 449,028.87 0.00 449,028.87 0.00 0.00 49,100,000.00
4 30,400,000.00 30,400,000.00 278,054.33 0.00 278,054.33 0.00 0.00 30,400,000.00
5 34,600,000.00 34,600,000.00 316,497.60 0.00 316,497.60 0.00 0.00 34,600,000.00
6 39,000,000.00 39,000,000.00 356,803.82 0.00 356,803.82 0.00 0.00 39,000,000.00
7 17,300,000.00 17,300,000.00 158,288.55 0.00 158,288.55 0.00 0.00 17,300,000.00
RI 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------
TOTALS 325,000,000.00 324,547,283.50 2,967,896.06 2,256,662.68 5,224,558.74 0.00 0.00 322,290,620.82
=================================================================================================================
</TABLE>
<TABLE>
- --------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL --------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- --------- -------- --------- --------- --------- ------- ---------
1 995.422482 9.098952 22.817621 31.916572 972.604862 8.024638% 8.024848%
2 1,000.000000 9.144283 0.000000 9.144283 1,000.000000 8.024638% 8.024848%
3 1,000.000000 9.145191 0.000000 9.145191 1,000.000000 8.024638% 8.024848%
4 1,000.000000 9.146524 0.000000 9.146524 1,000.000000 8.024638% 8.024848%
5 1,000.000000 9.147329 0.000000 9.147329 1,000.000000 8.024638% 8.024848%
6 1,000.000000 9.148816 0.000000 9.148816 1,000.000000 8.024638% 8.024848%
7 1,000.000000 9.149627 0.000000 9.149627 1,000.000000 8.024638% 8.024848%
RI 0.000000 0.000000 0.000000 0.000000 0.000000 N/A N/A
- ---------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance ADMINISTRATOR:
Corporation Bankers Trust Company
SERVICER: United Companies Lending 3 Park Plaza
Corporation Irvine, CA 92714
LEAD UNDERWRITER: Prudential Securities
Incorporated FACTOR INFORMATION:
RECORD DATE: January 31, 1997 (800) 735-7777
DISTRIBUTION DATE: February 18, 1997
Page 27
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-D1
REMIC II
Statement To Certificateholders
<TABLE>
- ----------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ------------- -------------- ------------ --------- ------------ -------- -------- --------------
A-1 98,900,000.00 98,447,283.50 473,039.20 2,256,662.68 2,729,701.88 0.00 0.00 96,190,620.82
A-2 55,700,000.00 55,700,000.00 296,184.75 0.00 296,184.75 0.00 0.00 55,700,000.00
A-3 49,100,000.00 49,100,000.00 267,635.92 0.00 267,635.92 0.00 0.00 49,100,000.00
A-4 30,400,000.00 30,400,000.00 171,658.67 0.00 171,658.67 0.00 0.00 30,400,000.00
A-5 34,600,000.00 34,600,000.00 199,469.00 0.00 199,469.00 0.00 0.00 34,600,000.00
A-6 39,000,000.00 39,000,000.00 233,350.00 0.00 233,350.00 0.00 0.00 39,000,000.00
A-7 17,300,000.00 17,300,000.00 105,573.25 0.00 105,573.25 0.00 0.00 17,300,000.00
EI-1 0.00 0.00 426,847.13 0.00 426,847.13 0.00 0.00 0.00
EI-2 0.00 0.00 213,151.81 0.00 213,151.81 0.00 0.00 0.00
EI-3 0.00 0.00 181,392.95 0.00 181,392.95 0.00 0.00 0.00
EI-4 0.00 0.00 106,395.66 0.00 106,395.66 0.00 0.00 0.00
EI-5 0.00 0.00 117,028.60 0.00 117,028.60 0.00 0.00 0.00
EI-6 0.00 0.00 123,453.82 0.00 123,453.82 0.00 0.00 0.00
EI-7 0.00 0.00 52,715.30 0.00 52,715.30 0.00 0.00 0.00
RII 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 150,396.88 0.00 150,396.88 0.00 0.00 0.00
- -------------------------------------------------------------------------------------------------------------------
TOTALS 325,000,000.00 324,547,283.50 3,118,292.94 2,256,662.68 5,374,955.62 0.00 0.00 322,290,620.82
===================================================================================================================
</TABLE>
<TABLE>
- ---------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL --------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- --------- --------- -------- --------- -------- --------- ------- ---------
A-1 90263BEB0 995.422482 4.783005 22.817621 27.600626 972.604862 5.580000% 5.517500%
A-2 90263BEC8 1,000.000000 5.317500 0.000000 5.317500 1,000.000000 6.381000% 6.381000%
A-3 90263BED6 1,000.000000 5.450833 0.000000 5.450833 1,000.000000 6.541000% 6.541000%
A-4 90263BEE4 1,000.000000 5.646667 0.000000 5.646667 1,000.000000 6.776000% 6.776000%
A-5 90263BEF1 1,000.000000 5.765000 0.000000 5.765000 1,000.000000 6.918000% 6.918000%
A-6 90263BEG9 1,000.000000 5.983333 0.000000 5.983333 1,000.000000 7.180000% 7.180000%
A-7 90263BEH7 1,000.000000 6.102500 0.000000 6.102500 1,000.000000 7.323000% 7.323000%
EI-1 0.000000 1.313376 0.000000 1.313376 0.000000 5.238617% 5.486748%
EI-2 0.000000 0.655852 0.000000 0.655852 0.000000 4.623617% 4.623248%
EI-3 0.000000 0.558132 0.000000 0.558132 0.000000 4.463617% 4.463248%
EI-4 0.000000 0.327371 0.000000 0.327371 0.000000 4.228617% 4.228248%
EI-5 0.000000 0.360088 0.000000 0.360088 0.000000 4.086617% 4.086248%
EI-6 0.000000 0.379858 0.000000 0.379858 0.000000 3.824617% 3.824248%
EI-7 0.000000 0.162201 0.000000 0.162201 0.000000 3.681617% 3.681248%
RII 0.000000 0.000000 0.000000 0.000000 0.000000 NA NA
R-1 0.000000 0.462760 0.000000 0.462760 0.000000 NA NA
- ------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance ADMINISTRATOR:
Corporation Bankers Trust Company
SERVICER: United Companies Lending 3 Park Plaza
Corporation Irvine, CA 92714
LEAD UNDERWRITER: Prudential Securities
Incorporated FACTOR INFORMATION:
RECORD DATE: January 31, 1997 (800) 735-7777
DISTRIBUTION DATE: February 18, 1997
Page 28
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-D2
REMIC III
Statement To Certificateholders
<TABLE>
- -----------------------------------------------------------------------------------------------------------------------
<CAPTION>
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- -------------- ------------ ------------ ------------- -------- -------- --------------
A-8 325,000,000.00 323,183,381.40 1,591,857.70 10,206,907.08 11,798,764.78 0.00 0.00 312,976,474.32
R-2 0.00 0.00 195,693.68 0.00 195,693.68 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------
TOTALS 325,000,000.00 323,183,381.40 1,787,551.38 10,206,907.08 11,994,458.46 0.00 0.00 312,976,474.32
=======================================================================================================================
</TABLE>
<TABLE>
- --------------------------------------------------------------------------------------------------------
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL ------------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- ------- -------- --------- ----- ---------- -------- ---------
A-8 90263BEJ3 944.410404 4.898024 31.405868 36.303892 963.004536 5.720000% 5.657500%
R-2 0.000000 0.602134 0.000000 0.602134 0.000000 NA NA
- ---------------------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance ADMINISTRATOR:
Corporation Bankers Trust Company
SERVICER: United Companies Lending 3 Park Plaza
Corporation Irvine, CA 92714
LEAD UNDERWRITER: Prudential Securities
Incorporated FACTOR INFORMATION:
RECORD DATE: January 31, 1997 (800) 735-7777
DISTRIBUTION DATE: February 18, 1997
Page 29
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation EXHIBIT 20.11
Home Equity Loan Pass-Through Certificates
Series 1996-D1 and 1996-D2
Reserve Fund Trust
Statement To Certificateholders
<TABLE>
- ---------------------------------------------------------------------------------------------
DISTRIBUTIONS IN DOLLARS
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
- ----- ---------- --------- -------- --------- ----- -------- -------- ----------
A TRUST 0.00 0.00 954.32 0.00 954.32 0.00 0.00 0.00
B TRUST 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------
TOTALS 0.00 0.00 954.32 0.00 954.32 0.00 0.00 0.00
=============================================================================================
</TABLE>
<TABLE>
- ---------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL -----------------
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
- ----- ----- --------- -------- --------- ----- -------- ------- -------
A TRUST 0.000000 0.002936 0.000000 0.002936 0.000000 NA NA
B TRUST 0.000000 0.000000 0.000000 0.000000 0.000000 NA NA
- ----------------------------------------------------------------------------------------
</TABLE>
SELLER: UCFC Acceptance ADMINISTRATOR:
Corporation Bankers Trust Company
SERVICER: United Companies Lending 3 Park Plaza
Corporation Irvine, CA 92714
LEAD UNDERWRITER: Prudential Securities
Incorporated FACTOR INFORMATION:
RECORD DATE: January 31, 1997 (800) 735-7777
DISTRIBUTION DATE: February 18, 1997
Page 30
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
EXHIBIT 20.12
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-D1 and 1996-D2
Statement To Certificateholders
Distribution Date: February 18, 1997
LOAN GROUP 1 PRINCIPAL BALANCE: 320,236,629.01
TOTAL PRINCIPAL: 2,256,088.01
PREPAYMENTS: 1,854,387.42
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 3,131,032.60
LOAN GROUP 2 PRINCIPAL BALANCE: 299,685,041.15
TOTAL PRINCIPAL: 10,206,131.87
PREPAYMENTS: 5,074,251.16
NET LIQUIDATION PROCEEDS: 0.00
TOTAL INTEREST: 2,691,977.90
SUBSTITUTION AMOUNTS GROUP 1: 0.00
LOAN PURCHASE PRICES GROUP 1: 0.00
SUBSTITUTION AMOUNTS GROUP 2: 0.00
LOAN PURCHASE PRICES GROUP 2: 0.00
RESERVE ACCOUNT BALANCE: 15,559,765.17
SPECIFIED RESERVE ACCOUNT REQUIREMENT: 39,000,000.00
CUMULATIVE RESERVE ACCOUNT WITHDRAWALS
AS OF THE CURRENT PAYMENT DATE: 0.00
SUBORDINATED AMOUNT
AS OF THE CURRENT PAYMENT DATE: 113,750,000.00
GROUP 1 INSURED PAYMENT RELATING TO THE CURRENT
PAYMENT DATE: 0.00
GROUP 2 INSURED PAYMENT RELATING TO THE CURRENT
PAYMENT DATE: 0.00
TOTAL TOTAL
ACCRUED DUE
---------- -----------
SERVICING FEES GROUP 1: 134,371.96 134,362.87
SERVICING FEES GROUP 2: 129,121.33 128,946.33
GUARANTEE FEES DUE GROUP 1: 757,469.74
GUARANTEE FEES DUE GROUP 2: 499,383.48
Page 31
(c) COPYRIGHT 1997 Bankers Trust Company
<PAGE>
UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-D1 and 1996-D2
Statement To Certificateholders
Distribution Date: February 18, 1997
GROUP 1 REALIZED LOSSES FOR THE RELATED
REMITTANCE PERIOD: 0.00
GROUP 1 CUMULATIVE REALIZED LOSSES
AS OF THE CURRENT PAYMENT DATE: 0.00
GROUP 2 REALIZED LOSSES FOR THE RELATED
REMITTANCE PERIOD: 0.00
GROUP 2 CUMULATIVE REALIZED LOSSES
AS OF THE CURRENT PAYMENT DATE: 0.00
CLASS A-1 LIBOR RATE FOR THE RELATED
ACCRUAL PERIOD: 5.5800%
CLASS A-8 LIBOR RATE FOR THE RELATED
ACCRUAL PERIOD: 5.7200%
- ----------------------------------------------------------------------------
<TABLE>
<CAPTION>
DELINQUENT AND 60 TO 90 AND LOANS
FORECLOSURE LOAN 30 TO 59 89 OVER IN
INFORMATION DAYS DAYS DAYS FORE-
CLOSURE
- -----------------------------------------------------------------------------
<S> <C> <C> <C> <C>
PRINCIPAL BALANCE - GROUP 1 3,881,040.87 120,352.72 0.00 0.00
NUMBER OF LOANS 67 2 0 0.00
PRINCIPAL BALANCE - GROUP 2 3,612,480.03 0.00 0.00 0.00
NUMBER OF LOANS 41 0 0 0.00
AGGREGATE PRINCIPAL BALANCE 7,493,520.90 120,352.72 0.00 0.00
AGGREGATE NUMBER OF LOANS 108 2 0 0
Note: Quantity and Principal Balance of Foreclosures are Included
in the Delinquency Figures.
- -------------------------------------------------------------------------------
</TABLE>
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 1: 6
PRINCIPAL BALANCE OF LOANS IN
BANKRUPTCY PROCEEDINGS-GROUP 1: 708,830.97
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 2: 1
PRINCIPAL BALANCE OF
LOANS IN BANKRUPTCY PROCEEDINGS-GROUP 2: 70,500.18
REO LOANS - GROUP 1: 0
PRINCIPAL BALANCE OF REO LOANS - GROUP 1: 0.00
REO LOANS - GROUP 2: 0
PRINCIPAL BALANCE OF REO LOANS - GROUP 2: 0.00
BOOK VALUE OF REO PROPERTY: 0.00
REO PROCEEDS: 0.00
REO PROPERTY MATTERS: (SEE ATTACHMENTS IF ANY)
OTHER FORECLOSURE INFORMATION: (SEE ATTACHMENTS IF ANY)
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(c) COPYRIGHT 1997 Bankers Trust Company
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UCFC Acceptance Corporation
Home Equity Loan Pass-Through Certificates
Series 1996-D1 and 1996-D2
Statement To Certificateholders
Distribution Date: February 18, 1997
CLASS A-1 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-2 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-3 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-4 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-5 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-6 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-7 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-8 INTEREST SHORTFALL AMOUNT: 0.00
CLASS A-1 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-2 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-3 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-4 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-5 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-6 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-7 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-8 PRINCIPAL SHORTFALL AMOUNT: 0.00
CLASS A-1 CARRY-FORWARD AMOUNT: 0.00
CLASS A-2 CARRY-FORWARD AMOUNT: 0.00
CLASS A-3 CARRY-FORWARD AMOUNT: 0.00
CLASS A-4 CARRY-FORWARD AMOUNT: 0.00
CLASS A-5 CARRY-FORWARD AMOUNT: 0.00
CLASS A-6 CARRY-FORWARD AMOUNT: 0.00
CLASS A-7 CARRY-FORWARD AMOUNT: 0.00
CLASS A-8 CARRY-FORWARD AMOUNT: 0.00
Page 33
(c) COPYRIGHT 1997 Bankers Trust Company
