SUPPLEMENT
TO PROSPECTUS SUPPLEMENT DATED December 23, 1997
(To Prospectus dated December 23, 1997)
CWMBS, INC.
Depositor
Countrywide
Home Loans, Inc.
Seller and Master Servicer
Mortgage Pass-Through Certificates, Series 1997-10
The Class A-6 Certificates
The Class A-6 o This supplement relates to the
certificates represent offering of the Class A-6 certificates
obligations of the trust of the series referenced above. This
only and do not represent supplement does not contain complete
an interest in or obligation information about the offering of the
of CWMBS, Inc., Countrywide Class A-6 certificates. Additional
Home Loans, Inc. or any information is contained in the
of their affiliates. prospectus supplement dated December
23, 1997 prepared in connection with
This supplement may be the offering of the offered
used to offer and sell certificates of the series referenced
the offered certificates above and in the prospectus of the
only if accompanied by the depositor dated December 23, 1997. You
prospectus supplement and are urged to read this supplement, the
the prospectus. prospectus supplement and the
prospectus in full.
o As of the November 25, 1999, the class
certificate balance of the Class A-6
certificates was approximately
$12,094,296.00.
Neither the SEC nor any state securities commission has approved these
securities or determined that this supplement, the prospectus supplement or
the prospectus is accurate or complete. Any representation to the contrary is
a criminal offense.
This supplement is to be used by Countrywide Securities Corporation, an
affiliate of CWMBS, Inc. and Countrywide Home Loans, Inc., in connection with
offers and sales relating to market making transactions in the Class A-6
certificates in which Countrywide Securities Corporation acts as principal.
Countrywide Securities Corporation may also act as agent in such transactions.
Sales will be made at prices related to the prevailing prices at the time of
sale.
December 17, 1999
THE MORTGAGE POOL
As of November 1, 1999 (the "Reference Date"), the Mortgage Pool
included approximately 803 Mortgage Loans having an aggregate Stated Principal
Balance of approximately $245,770,830.37.
The following table summarizes the delinquency and foreclosure
experience of the Mortgage Loans as of the Reference Date.
As of
November 1, 1999
Total Number of Mortgage Loans............................. 803
Delinquent Mortgage Loans and Pending Foreclosures
at Period End (1)
30-59 days............................................. 0.75%
60-90 days............................................. 0.12%
91 days or more (excluding pending foreclosures)....... 0.00%
-----
Total Delinquencies.................................... 0.87%
=====
Foreclosures Pending....................................... 0.19%
-----
Total Delinquencies and foreclosures pending............... 1.06%
=====
- --------------
(1) As a percentage of the total number of Mortgage Loans as of the Reference
Date.
Certain information as to the Mortgage Loans as of the Reference Date
is set forth in Exhibit 1 in tabular format. Other than with respect to rates
of interest, percentages (approximate) are stated in such tables by Stated
Principal Balance of the Mortgage Loans as of the Reference Date and have been
rounded in order to total 100.00%.
SERVICING OF MORTGAGE LOANS
The Master Servicer
Countrywide Home Loans, Inc. will continue to act as Master Servicer
under the Agreement.
Foreclosure and Delinquency Experience
The following table summarizes the delinquency and foreclosure
experience, respectively, on the dates indicated, of conventional loans
serviced or master serviced by the Master Servicer. The delinquency and
foreclosure percentages may be affected by the size and relative lack of
seasoning of such servicing portfolio which increased from approximately
$136.8 billion at February 29, 1996, to approximately $158.6 billion at
February 28, 1997, to approximately $182.9 billion at February 28, 1998, to
approximately $215.5 billion at February 28, 1999 and to approximately $236.4
billion at August 31, 1999. Accordingly, the information should not be
considered as a basis for assessing the likelihood, amount or severity of
delinquency or losses on the Mortgage Loans and no assurances can be given
that the foreclosure, delinquency and loss experience presented in the table
below will be indicative of such experience on the Mortgage Loans:
<TABLE>
<CAPTION>
At February 28, (29), At August 31,
-----------------------------------
1996 1997 1998 1999 1999
---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C>
Delinquent Mortgage Loans and Pending
Foreclosures at Period End(1):
30-59 days.............................. 2.13% 2.26% 2.68% 3.05% 2.87%
60-89 days.............................. 0.48 0.52 0.58 0.21 0.20
90 days or more (excluding pending
foreclosures)...................... 0.59 0.66 0.65 0.29 0.29
---- ---- ---- ---- ----
Total of delinquencies.................. 3.20% 3.44% 3.91% 3.55% 3.36%
==== ==== ==== ==== ====
Foreclosures pending.................... 0.49% 0.71% 0.45% 0.31% 0.28%
==== ==== ==== ==== ====
Total delinquencies and foreclosures
pending............................ 3.69% 4.15% 4.36% 3.86% 3.64%
==== ==== ==== ==== ====
</TABLE>
- --------
(1) As a percentage of the total number of loans serviced excluding loans
subserviced for others.
Year 2000 Compliance
The Master Servicer has made and will continue to make investments to
identify, modify or replace any computer systems which are not year 2000
compliant and to address other related issues associated with the change of
the millennium. In the event that computer problems arise out of a failure of
such efforts to be completed on time, or in the event that the computer
systems of the Master Servicer or the Trustee are not fully year 2000
compliant, the resulting disruptions in the collection or distribution of
receipts on the Mortgage Loans could materially and adversely affect the
holders of the A-6 Certificates.
DESCRIPTION OF THE CLASS A-6 CERTIFICATES
The Class A-6 Certificates will be entitled to receive interest in
the amount of the Interest Distribution Amount for such Class as described in
the Prospectus Supplement under "Description of the Certificates -- Interest".
The Class A-6 Certificates are allocated principal payments as described in
the Prospectus Supplement under "Description of the Certificates --
Principal".
As of November 25, 1999 (the "Certificate Date"), the Class
Certificate Balance of the Class A-6 Certificates was approximately
$12,094,296.00 evidencing a beneficial ownership interest of approximately
4.92% in the Trust Fund. As of the Certificate Date, the Senior Certificates
had an aggregate principal balance of approximately $226,297,228.59 and
evidenced in the aggregate a beneficial ownership interest of approximately
92.08% in the Trust Fund. As of the Certificate Date, the Subordinated
Certificates had an aggregate principal balance of $19,473,601.77, and
evidenced in the aggregate a beneficial ownership interest of approximately
7.92% in the Trust Fund. For additional information with respect to the Class
A-6 Certificates, see "Description of the Certificates" in the Prospectus
Supplement.
Reports to Certificateholders
The most recent monthly statement that has been furnished to
Certificateholders of record on the most recent Distribution Date is included
herein as Exhibit 2.
Revised Structuring Assumptions
Unless otherwise specified, the information in the tables appearing
in this Supplement under "Yield, Prepayment and Maturity Considerations --
Decrement Table" has been prepared on the basis of the following assumed
characteristics of the Mortgage Loans and the following additional assumptions
(collectively, the "Revised Structuring Assumptions"): (i) the Mortgage Loans
consist of two Mortgage Loans with the following characteristics:
<TABLE>
Original Term to Remaining Term to
Principal Maturity (in Maturity (in
Balance Mortgage Rate Net Mortgage Rate months) months)
- --------------- ---------------- ------------------- --------------- -----------------
<S> <C> <C> <C> <C>
$157,010,196.10 7.829720278% 7.55111329% 360 336
$88,760,634.27 7.450612143% 7.18007203% 360 336
</TABLE>
(ii) the Mortgage Loans prepay at the specified constant percentages of
SPA (as defined below), (iii) no defaults in the payment by Mortgagors of
principal of any interest on the Mortgage Loans are experienced, (iv)
scheduled payments on the Mortgage Loans are received on the first day of each
month commencing in the calendar month following the Reference Date and are
computed prior to giving effect to prepayments received on the last day of the
prior month, (v) prepayments are allocated as described herein without giving
effect to loss and delinquency tests, (vi) there are no Net Interest
Shortfalls and prepayments represent prepayments in full of individual
Mortgage Loans and are received on the last day of each month, commencing in
the calendar month of the Reference Date, (vii) the scheduled monthly payment
for each Mortgage Loan has been calculated based on the assumed Mortgage Loan
characteristics set forth in clause (i) above such that each Mortgage Loan
will amortize in amounts sufficient to repay the balance of such Mortgage Loan
by its indicated remaining term to maturity, (viii) the initial Class
Certificate Balance of the Class A-6 Certificates is $12,094,296.00, (ix)
interest accrues on the Class A-6 Certificates at the applicable interest rate
described in the Prospectus Supplement, (x) distributions in respect of the
Certificates are received in cash on the 25th day of each month commencing in
the calendar month following the Reference Date, (xi) the closing date of the
sale of the Offered Certificates is December 17, 1999, (xii) the Seller is not
required to repurchase or substitute for any Mortgage Loan, (xiii) the Master
Servicer does not exercise the option to repurchase the Mortgage Loans
described in the Prospectus Supplement under the headings "--Optional Purchase
of Defaulted Loans" and "--Optional Termination", and (xiv) no Class of
Certificates becomes a Restricted Class. While it is assumed that each of the
Mortgaged Loans prepays at the specified constant percentages of SPA, this is
not likely to be the case. Moreover, discrepancies will exist between the
characteristics of the actual Mortgage Loans as of the Reference Date and
characteristics of the Mortgage Loans assumed in preparing the tables herein.
Prepayments of mortgage loans commonly are measured relative to a
prepayment standard or model. The model used in this Supplement is the
Standard Prepayment Assumption ("SPA"), which represents an assumed rate of
prepayment each month of the then outstanding principal balance of a pool of
new mortgage loans. SPA does not purport to be either an historical
description of the prepayment experience of any pool of mortgage loans or a
prediction of the anticipated rate of prepayment of any pool of mortgage
loans, including the Mortgage Loans. 100% SPA assumes prepayment rates of 0.2%
per annum of the then unpaid principal balance of such pool of mortgage loans
in the first month of the life of such mortgage loans and an additional 0.2%
per annum in each month thereafter (for example, 0.4% per annum in the second
month) until the 30th month. Beginning in the 30th month and in each month
thereafter during the life of such mortgage loans, 100% SPA assumes a constant
prepayment rate of 6.0% per annum. Multiples may be calculated from this
prepayment rate sequence. For example, 250% SPA assumes prepayment rates will
be 0.5% per annum in month one, 1.0% per annum in month two, and increasing by
0.5% in each succeeding month until reaching a rate of 15.0% per annum in
month 30 and remaining constant at 15.0% per annum thereafter. 0% SPA assumes
no prepayments. There is no assurance that prepayments will occur at any SPA
rate or at any other constant rate.
YIELD, PREPAYMENT AND MATURITY CONSIDERATIONS
Decrement Table
The following table indicates the percentage of the Certificate Date
Class Certificate Balance of the Class A-6 Certificates that would be
outstanding after each of the dates shown at various constant percentages of
SPA and the corresponding weighted average life thereof. The table has been
prepared based on the Revised Structuring Assumptions. However, all of the
Mortgage Loans may not have the interest rates or remaining terms to maturity
described under "Revised Structuring Assumptions" herein and the Mortgage
Loans may not prepay at the indicated constant percentages of SPA or at any
constant percentage.
<TABLE>
<CAPTION>
Percent of Class Certificate
Balance Outstanding*
Class A-6
SPA Prepayment Assumption
Distribution Date 0% 100% 275% 400% 500%
----------------- -- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C>
Initial Percent..................... 100 100 100 100 100
November 25, 2000................... 100 100 100 100 100
November 25, 2001................... 100 100 100 22 0
November 25, 2002................... 100 100 27 0 0
November 25, 2003................... 100 100 0 0 0
November 25, 2004................... 100 100 0 0 0
November 25, 2005................... 100 100 0 0 0
November 25, 2006................... 100 100 0 0 0
November 25, 2007................... 100 100 0 0 0
November 25, 2008................... 100 100 0 0 0
November 25, 2009................... 100 100 0 0 0
November 25, 2010................... 100 87 0 0 0
November 25, 2011................... 100 66 0 0 0
November 25, 2012................... 100 47 0 0 0
November 25, 2013................... 100 29 0 0 0
November 25, 2014................... 100 11 0 0 0
November 25, 2015................... 100 0 0 0 0
November 25, 2016................... 100 0 0 0 0
November 25, 2017................... 100 0 0 0 0
November 25, 2018................... 100 0 0 0 0
November 25, 2019................... 100 0 0 0 0
November 25, 2020................... 100 0 0 0 0
November 25, 2021................... 100 0 0 0 0
November 25, 2022................... 100 0 0 0 0
November 25, 2023................... 68 0 0 0 0
November 25, 2024................... 13 0 0 0 0
November 25, 2025................... 0 0 0 0 0
November 25, 2026................... 0 0 0 0 0
November 25, 2027................... 0 0 0 0 0
- - - - -
Weighted Average Life (years) **.... 24.4 13.0 2.9 2.0 1.5
</TABLE>
- --------------------------
* Rounded to the nearest whole percentage.
** Determined as specified under "Weighted Average Lives of the Offered
Certificates" in the Prospectus Supplement.
CREDIT ENHANCEMENT
As of the Reference Date, the Special Hazard Loss Coverage Amount,
Bankruptcy Loss Coverage Amount and Fraud Loss Coverage Amount were
approximately $3,163,022 and $50,000 and $4,499,992, respectively.
CERTAIN FEDERAL INCOME TAX CONSEQUENCES
Prospective investors should consider carefully the income tax
consequences of an investment in the Class A-6 Certificates discussed under
the sections titled "Certain Federal Income Tax Consequences" in the
Prospectus Supplement and the Prospectus, which the following discussion
supplements. Prospective investors should consult their tax advisors with
respect to those consequences.
Final regulations dealing with backup withholding and information
reporting on income paid to foreign persons and related matters (the "New
Withholding Regulations") were published in the Federal Register on October
14, 1997. In general, the New Withholding Regulations do not significantly
alter the substantive withholding and information reporting requirements, but
do unify current certification procedures and forms and clarify reliance
standards. The New Withholding Regulations generally will be effective for
payments made after December 31, 2000, subject to certain transition rules.
ERISA CONSIDERATIONS
Prospective purchasers of the Class A-6 Certificates should consider
carefully the ERISA consequences of an investment in such Certificates
discussed under "ERISA Considerations" in the Prospectus, the Prospectus
Supplement and herein, and should consult their own advisors with respect to
those consequences. As described in the Prospectus Supplement, it is expected
that the Exemption will apply to the acquisition and holding of Class A-6
Certificates by Plans and that all conditions of the Exemption other than
those within the control of purchasers of the Certificates will be met.
RATINGS
The Class A-6 Certificates are currently rated "Aaa" by Moody's Investors
Services, Inc. and "AAA" by Duff & Phleps Credit Rating Company. See "Ratings"
in the Prospectus Supplement.
METHOD OF DISTRIBUTION
The Supplement is to be used by Countrywide Securities Corporation,
an affiliate of CWMBS, Inc. and Countrywide Home Loans, Inc., in connection
with offers and sales relating to market making transactions in the Class A-6
Certificates in which Countrywide Securities Corporation acts as principal.
Countrywide Securities Corporation may also act as agent in such transactions.
Sales will be made at prices relating to the prevailing prices at the time of
sale.
EXHIBIT 1
MORTGAGE RATES(1)
Number of Percent of
Mortgage Aggregate Principal Mortgage
Mortgage Rates (%) Loans Balance Outstanding Pool
7.000 7 $ 2,000,590.03 0.81%
7.125 10 $ 2,669,228.35 1.09%
7.250 16 $ 5,066,966.63 2.06%
7.375 53 $ 17,120,063.33 6.97%
7.500 200 $ 61,903,785.93 25.19%
7.625 139 $ 45,358,988.15 18.46%
7.750 167 $ 50,288,571.68 20.46%
7.875 124 $ 35,734,647.63 14.54%
8.000 34 $ 10,288,061.09 4.19%
8.125 21 $ 5,865,906.67 2.39%
8.250 15 $ 4,717,037.78 1.92%
8.375 9 $ 2,512,725.73 1.02%
8.500 6 $ 1,645,433.21 0.67%
8.750 1 $ 311,250.53 0.13%
9.125 1 $ 287,573.63 0.12%
- ---------------------------------------------------------------------
Total 803 $ 245,770,830.37 100.00%
=====================================================================
(1) The Lender PMI Mortgage Loans are shown at the Mortgage Rates net of the
interest premium charged by the related lenders. As of the Reference
Date, the weighted average Mortgage Rate of the Mortgage Loans (as so
adjusted) is approximately 7.68%. Without such adjustment, the weighted
average Mortgage Rate for the Mortgage Loans is approximately 7.69%.
ORIGINAL LOAN-TO-VALUE RATIOS(1)
Number of
Original Loan-to-Value Mortgage Aggregate Principal Percent of
Ratios(%) Loans Balance Outstanding Mortgage Pool
50.00 and below 31 $ 9,086,471.06 3.70%
50.01 to 55.00 8 $ 2,566,391.04 1.04%
55.01 to 60.00 39 $12,099,685.90 4.92%
60.01 to 65.00 40 $15,496,469.98 6.31%
65.01 to 70.00 36 $11,487,453.46 4.67%
70.01 to 75.00 104 $32,015,291.06 13.03%
75.01 to 80.00 437 $133,507,771.96 54.32%
80.01 to 85.00 17 $ 5,273,602.04 2.15%
85.01 to 90.00 73 $19,900,588.15 8.10%
90.01 to 95.00 18 $ 4,337,105.72 1.76%
- -------------------------------------------------------------------------------
Total 803 $245,770,830.37 100.00%
===============================================================================
(1) The weighted average Loan-to-Value Ratios of the Mortgage Loans is
approximately 75.60%.
CURRENT MORTGAGE LOAN PRINCIPAL BALANCES(1)
Number of Percent of
Current Mortgage Mortgage Aggregate Principal Mortgage
Loan Amounts Loans Balance Outstanding Pool
$0 -- $50,000 7 $ 71,741.70 0.03%
$50,001 -- $100,000 7 $ 519,877.98 0.21%
$100,001 -- $150,000 7 $ 873,076.23 0.36%
$150,001 -- $200,000 6 $ 1,018,060.98 0.41%
$200,001 -- $250,000 189 $ 44,519,871.88 18.11%
$250,001 -- $300,000 281 $ 76,173,775.24 30.99%
$300,001 -- $350,000 134 $ 43,310,530.32 17.62%
$350,001 -- $400,000 58 $ 21,633,735.56 8.80%
$400,001 -- $450,000 41 $ 17,411,932.49 7.08%
$450,001 -- $500,000 33 $ 15,711,104.22 6.39%
$500,001 -- $550,000 13 $ 6,810,555.26 2.77%
$550,001 -- $600,000 10 $ 5,741,487.32 2.34%
$600,001 -- $650,000 10 $ 6,317,238.96 2.57%
$650,001 -- $750,000 3 $ 2,107,885.64 0.86%
$750,001 -- $1,000,000 4 $ 3,549,956.59 1.44%
- ------------------------------------------------------------------------------
Total 803 $ 245,770,830.37 100.00%
==============================================================================
(1) As of the Reference Date, the average current Mortgage Loan principal
balance is approximately $306,066.
DOCUMENTATION PROGRAM FOR MORTGAGE LOANS
Number of
Mortgage Aggregate Principal Percent of
Type of Program Loans Balance Outstanding Mortgage Pool
Full 428 $133,455,559.80 54.30%
Alternative 215 $64,629,144.43 26.30%
Reduced 144 $44,283,639.21 18.02%
No Income / No Asset 16 $ 3,402,486.93 1.38%
- -------------------------------------------------------------------------------
Total 803 $245,770,830.37 100.00%
===============================================================================
TYPE OF MORTGAGED PROPERTIES
Number of
Mortgage Aggregate Principal Percent of
Property Type Loans Balance Outstanding Mortgage Pool
Single Family 583 $178,186,622.14 72.50%
Condominium 20 $ 5,161,259.56 2.10%
High Rise Condo 3 $ 778,607.23 0.32%
2-4 Family 10 $ 3,424,317.24 1.39%
Planned Unit Development 187 $58,220,024.20 23.69%
- ------------------------------------------------------------------------------
Total 803 $245,770,830.37 100.00%
==============================================================================
OCCUPANCY TYPES(1)
Number of
Mortgage Aggregate Principal Percent of
Occupancy Type Loans Balance Outstanding Mortgage Pool
Primary Residence 776 $238,104,842.86 96.88%
Investor Property 6 $ 984,919.27 0.40%
Second Residence 21 $ 6,681,068.24 2.72%
- ------------------------------------------------------------------------------
Total 803 $245,770,830.37 100.00%
==============================================================================
(1) Based upon the representations of the related mortgagors at the time of
origination.
STATE DISTRIBUTION OF MORTGAGED PROPERTIES(1)
California 393 $ 128,820,288.80 52.41%
Colorado 46 $ 14,385,726.06 5.85%
Florida 26 $ 6,794,388.42 2.76%
Oregon 15 $ 5,070,541.56 2.06%
Texas 42 $ 12,751,009.43 5.19%
Washington 20 $ 5,639,994.17 2.29%
Other (less than 2%) 261 $ 72,308,881.93 29.42%
- ---------------------------------------------------------------------------
Total 803 $ 245,770,830.37 100.00%
===========================================================================
(1) Other includes 40 other states and the District of Columbia with under 2%
concentrations individually.
PURPOSE OF MORTGAGE LOANS
Number of Percent of
Mortgage Aggregate Principal Mortgage
Loan Purpose Loans Balance Outstanding Pool
Purchase 504 $ 153,936,628.83 62.63%
Refinance (rate/term) 207 $ 63,104,028.02 25.68%
Refinance (cash out) 92 $ 28,730,173.52 11.69%
- -----------------------------------------------------------------------------
Total 803 $ 245,770,830.37 100.00%
=============================================================================
REMAINING MONTHS TO MATURITY(1)
Number of
Remaining Term to Maturity Mortgage Aggregate Principal Percent of
(Months) Loans Balance Outstanding Mortgage Loans
277 1 $ 248,485.11 0.10%
330 2 $ 442,456.79 0.18%
332 3 $ 882,518.55 0.36%
333 11 $ 3,274,597.88 1.33%
334 36 $ 11,764,694.33 4.79%
335 86 $ 26,555,614.57 10.81%
336 320 $101,075,807.50 41.13%
337 343 $101,254,458.04 41.20%
338 1 $ 272,197.60 0.11%
- ---------------------------------------------------------------------------
Total 803 $245,770,830.37 100.00%
===========================================================================
(1) As of the Reference Date, the weighted average remaining term to maturity
of the Mortgage Loans is approximately 336 months.
EXHIBIT 2
------------------------------------------------------------
MORTGAGE PASS THROUGH CERTIFICATES
SERIES 1997-10, CWMBS INC
------------------------------------------------------------
<TABLE>
<CAPTION>
Class Information Current Payment Information
- ----------------------------------------------------------------------------------------------------------------------------------
Beginning Pass Thru Principal Interest Total Principal Interest
Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Senior A1 21,702,015.57 5.908750% 465,347.77 106,859.82 572,207.59 0.00 0.00
A2 21,702,015.57 3.091250% 0.00 55,905.30 55,905.30 0.00 0.00
A3 16,382,894.03 7.250000% 351,291.94 98,979.98 450,271.93 0.00 0.00
A4 59,574,160.43 6.612500% 1,277,425.25 328,278.45 1,605,703.69 0.00 0.00
A5 12,800,000.00 7.250000% 0.00 77,333.33 77,333.33 0.00 0.00
A6 12,094,296.00 7.250000% 0.00 73,069.71 73,069.71 0.00 0.00
A7 17,135,704.00 7.250000% 0.00 103,528.21 103,528.21 0.00 0.00
A8 87,846,106.15 7.250000% 0.00 530,736.89 530,736.89 0.00 0.00
PO 881,829.13 0.000000% 25,711.76 0.00 25,711.76 0.00 0.00
X 158,571,252.97 0.301516% 0.00 39,843.18 39,843.18 0.00 0.00
M 9,291,820.75 7.250000% 8,318.05 56,138.08 64,456.14 0.00 0.00
B1 4,203,442.43 7.250000% 3,762.93 25,395.80 29,158.73 0.00 0.00
B2 2,433,571.58 7.250000% 2,178.54 14,702.83 16,881.37 0.00 0.00
B3 1,327,987.05 7.250000% 1,188.82 8,023.26 9,212.07 0.00 0.00
B4 1,329,014.98 7.250000% 1,189.74 8,029.47 9,219.20 0.00 0.00
B5 905,213.47 7.250000% 0.00 6,279.36 6,279.36 0.06 0.00
Residual AR 0.00 7.250000% 0.00 0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 247,908,055.56 - 2,136,414.78 1,533,103.66 3,669,518.44 0.06 -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 21,236,667.80 0.00
A2 21,236,667.80 0.00
A3 16,031,602.09 0.00
A4 58,296,735.18 0.00
A5 12,800,000.00 0.00
A6 12,094,296.00 0.00
A7 17,135,704.00 0.00
A8 87,846,106.15 0.00
PO 856,117.37 0.00
X 157,010,196.10 0.00
M 9,283,502.70 0.00
B1 4,199,679.50 0.00
B2 2,431,393.04 0.00
B3 1,326,798.23 0.00
B4 1,327,825.24 0.00
B5 904,403.06 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 245,770,830.37 -
- --------------------------------------------------------------------------------
</TABLE>
