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Previous: VITAL IMAGES INC, 10-12G, 1997-03-13 |
Next: CABLE DESIGN TECHNOLOGIES CORP, 10-Q, 1997-03-13 |
ABNAMRO LaSalle ABSTSSECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Seciton 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report(Date of earliest event reported):
January 27, 1997
STRUCTURED ASSET SECURITIES CORPORATION
(Exact name of registrant as specified in its governing
instruments)
Arizona 33-92146 0742739
(State or other
Jurisdiction (Commission File (I.R.S. Employer
of Incorporation) Number) Identification No.)
2390 Camelback Road Suite 225
Phoenix, Arizona
85016
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(602) 381-8960
Item 5 Other Events.
Not applicable
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits
(a) Financial Statements
Not applicable
(b) Pro Forma Financial Information
Not applicable
( c)Exhibits
Item 601(a) of
Exhibit Regulation S-K
Number Exhibit No. Description
1 5
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the registrant
has duly caused this report to be signed on
behalf of the Registrant by the undersigned
thereunto duly authorized.
By: /s/Russell Goldenberg
Name: Russell Goldenberg
Title: Vice President
Dated: January 27, 1997
EXHIBIT INDEX
Item 601(a) of
Exhibit Regulation S-K
Number Exhibit No. Description
ABN AMRO
LaSalle National Bank
Administrator:
Ryan Kutty (800) 246-5761
135 S. LaSalle Street Suite 1740
Chicago, IL 60603
American Southwest Financial Securities
Corporation
(Greystone Servicing Corporation, Inc.,
as Master Servicer)
Commercial Mortgage Pass-Through Certificates
Series 1996-FHA1
ABN AMRO Acct: 67-7662-00-9
Statement Date: 01/27/97
Payment Date: 01/27/97
Prior Payment: NA
Record Date: 12/31/96
WAC: 8.518537%
WAMM: 380
Number Of Pages
Table Of Contents 1
REMIC Certificate Report 3
Other Related Information 3
Asset Backed Facts Sheets 1
Delinquency Loan Detail 1
Mortgage Loan Characteristics 2
Loan Level Listing 3
14
Specially Serviced Loan Detail Appendix A
Modified Loan Detail Appendix B
Realized Loss Detail Appendix C
Remic III
Original
Opening
Class Face Value (1)
Balance
CUSIP Per $1,000 Per
$1,000
S 266,510,464.00 N
266,510,464.00
02970K BF 3 1000.000000000 0.000000000
1000.000000000
A-1 40,317,000.00
40,317,000.00
02970K BG 1 1000.000000000 0.000000000
1000.000000000
A-2 38,978,000.00
38,978,000.00
02970K BH 9 1000.000000000 0.000000000
1000.000000000
A-3 55,487,000.00
55,487,000.00
02970K BJ 5 1000.000000000 0.000000000
1000.000000000
A-4 58,824,000.00
58,824,000.00
02970K BK 2 1000.000000000 0.000000000
1000.000000000
A-Z 67,712,000.00
67,712,000.00
02970K BL 0 1000.000000000 0.000000000
1000.000000000
B 5,192,464.00
5,192,464.00
9ABSA236 1000.000000000 0.000000000
1000.000000000
R-III 0.00
0.00
9ABSA237 1000.000000000 0.000000000
1000.000000000
266,510,464.00
266,510,464.00
Notes: (1) N denotes notional balance not included in total
Principal Principal
Negative
Class Payment Adj. or Loss
Amortization
CUSIP Per $1,000 Per $1,000 Per
$1,000
S 0.00 0.00
0.00
02970K BF 3 0.000000000 0.000000000
0.000000000
A-1 567,164.37 0.00
0.00
02970K BG 1 14.067623335 0.000000000
0.000000000
A-2 0.00 0.00
0.00
02970K BH 9 0.000000000 0.000000000
0.000000000
A-3 0.00 0.00
0.00
02970K BJ 5 0.000000000 0.000000000
0.000000000
A-4 0.00 0.00
0.00
02970K BK 2 0.000000000 0.000000000
0.000000000
A-Z 0.00 0.00
408,980.48
02970K BL 0 0.000000000 0.000000000
6.040000000
B 0.00 0.00
0.00
9ABSA236 0.000000000 0.000000000
0.000000000
R-III 0.00 0.00
0.00
9ABSA237 0.000000000 0.000000000
0.000000000
567,164.37 0.00
408,980.48
Closing Interest
Interest
Class Balance Payment
Adjustment
CUSIP Per $1,000 Per $1,000 Per
$1,000
S 266,352,280.11 279,449.52
0.00
02970K BF 3 999.406462742 1.048549899
0.000000000
A-1 39,749,835.63 224,263.31
0.00
02970K BG 1 985.932376665 5.562499938
0.000000000
A-2 38,978,000.00 227,371.67
0.00
02970K BH 9 1000.000000000 5.833333419
0.000000000
A-3 55,487,000.00 329,454.06
0.00
02970K BJ 5 1000.000000000 5.937499955
0.000000000
A-4 58,824,000.00 357,355.80
0.00
02970K BK 2 1000.000000000 6.075000000
0.000000000
A-Z 68,120,980.48 0.00
0.00
02970K BL 0 1006.040000000 0.000000000
0.000000000
B 5,192,464.00 28,125.85
0.00
9ABSA236 1000.000000000 5.416667309
0.000000000
R-III 0.00 0.00
0.00
9ABSA237 0.000000000 0.000000000
0.000000000
266,352,280.11 1,446,020.21
0.00
(2) Interest Paid minus Interest Adjustment minus Deferred
Interest equals Accrual
Pass-Through
Class Rate (2)
CUSIP Next Rate (3)
S 1.25825987%
02970K BF 3 1.25698086%
A-1 6.67500000%
02970K BG 1 Fixed
A-2 7.00000000%
02970K BH 9 Fixed
A-3 7.12500000%
02970K BJ 5 Fixed
A-4 7.29000000%
02970K BK 2 Fixed
A-Z 7.24800000%
02970K BL 0 Fixed
B 6.50000000%
9ABSA236 Fixed
R-III
9ABSA237
(3) Estimated
Remic II
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
A-1 40,317,0 40,317,000.00
None 1000.000000 1000.000000
A-2 38,978,0 38,978,000.00
None 1000.000000 1000.000000
A-3 55,487,0 55,487,000.00
None 1000.000000 1000.000000
A-4 58,824,0 58,824,000.00
None 1000.000000 1000.000000
A-Z 67,712,0 67,712,000.00
None 1000.000000 1000.000000
B 5,192,4
5,192,464.00
None 1000.000000 1000.000000
R-II
0.00
9ABSA238 1000.000000 1000.000000
266,510,46 266,510,464.00
Principal Principal
Negative
Class Payment Adj. or Loss
Amortization
CUSIP Per $1,000 Per $1,000 Per
$1,000
A-1 629,481.73 0.00
0.00
None 15.613308 0.000000
0.000000
A-2 0.00 0.00
0.00
None 0.000000 0.000000
0.000000
A-3 0.00 0.00
0.00
None 0.000000 0.000000
0.000000
A-4 0.00 0.00
0.00
None 0.000000 0.000000
0.000000
A-Z 0.00 0.00
471,297.84
None 0.000000 0.000000
6.960330
B 0.00 0.00
0.00
None 0.000000 0.000000
0.000000
R-II 0.00 0.00
0.00
9ABSA238 0.000000 0.000000
0.000000
629,481.73 0.00
471,297.84
Closing Interest
Interest
Class Balance Payment
Adjustment
CUSIP Per $1,000 Per $1,000 Per
$1,000
A-1 39,687,518.27 280,619.61
0.00
None 984.386692 6.960330
0.000000
A-2 38,978,000.00 271,299.73
0.00
None 1000.000000 6.960330
0.000000
A-3 55,487,000.00 386,207.81
0.00
None 1000.000000 6.960330
0.000000
A-4 58,824,000.00 409,434.43
0.00
None 1000.000000 6.960330
0.000000
A-Z 68,183,297.84 0.00
0.00
None 1006.960330 0.000000
0.000000
B 5,192,464.00 36,141.26
0.00
None 1000.000000 6.960329
0.000000
R-II 0.00 0.00
0.00
9ABSA238 0.000000 0.000000
0.000000
266,352,280.11 1,383,702.84
0.00
Pass-Through
Class Rate (2)
CUSIP Next Rate (3)
A-1 8.35239558%
None 8.35237940%
A-2 8.35239558%
None 8.35237940%
A-3 8.35239558%
None 8.35237940%
A-4 8.35239558%
None 8.35237940%
A-Z 8.35239558%
None 8.35237940%
B 8.35239558%
None 8.35237940%
R-II 0.00000000%
9ABSA238 0.00000000%
Remic I
Original Opening
Class Face Value (1) Balance
CUSIP Per $1,000 Per $1,000
Regular Interest 266,510,46 266,510,464.00
None 1000.000000 1000.000000
R-I
0.00
9ABSA239 1,000.0 1,000.000000
266,510,46 266,510,464.00
Principal Principal
Negative
Class Payment Adj. or Loss
Amortization
CUSIP Per $1,000 Per $1,000 Per
$1,000
Regular Interest 158, 0.00
0.00
None 0.593537 0.000000
0.000000
R-I 0.00 0.00
0.00
9ABSA239 0.000000 0.000000
0.000000
158,183.89 0.00
0.00
Closing Interest
Interest
Class Balance Payment
Adjustment
CUSIP Per $1,000 Per $1,000 Per
$1,000
Regular Interest 266,352,280.11 1,855,000.68
0.00
None 999.406463 6.960330
0.000000
R-I 0.00 0.00
0.00
9ABSA239 0.000000 0.000000
0.000000
266,352,280.11 1,855,000.68
0.00
Pass-Through
Class Rate (2)
CUSIP Next Rate (3)
Regular Interest 8.35239558%
None 8.35237940%
R-I 0.00000000%
9ABSA239 0.00000000%
Other Related Information
Beginning
Loan Beginning
Asset Type Count Balance
Morgage Loans: 61 188,800,560.40
GNMA Certificates: 20 77,709,903.91
FHA Debentures: 0 0.00
Total: 81 266,510,464.31
Current Wtd. Avg
Wtd. Avg. Term to
Asset Type Note Rate Maturity
Morgage Loans: 8.763% 373
GNMA Certificates: 7.925% 397
FHA Debentures: 0.000% 0
Total: 8.519% 380
Ending
Loan Ending
Asset Type Count Balance
Morgage Loans: 61 188,681,924.33
GNMA Certificates: 20 77,670,355.78
FHA Debentures: 0 0.00
Total: 81 266,352,280.11
2,013,184.89
Available Distribtion Amount:
Servicing Activity:
Prior Unreimbursed Advances:
0.00
Current Advances Made:
21,307.15
Reimbursed Prior Advances:
0.00
Advances Oustanding:
21,307.15
Aggregate Amount of Unpaid Advance Interest:
0.00
Current Accrued Servicing Fees Retained by The Master S
32,456.87
Aggregate Amount of Advance Interest Paid to Master Ser
0.00
Aggregate Amount of Advance Interest Paid to Trustee:
0.00
Accrued Net
Certificate Prepayment
Class Interest Int. Shortfalls
S 279,449.52 0.00
A-1 224,263.31 0.00
A-2 227,371.67 0.00
A-3 329,454.06 0.00
A-4 357,355.80 0.00
A-Z 408,980.48 0.00
B 28,125.85 0.00
R-III 0.00 0.00
Totals: 1,855,000.69 0.00
Allocated Prior
Ending
Prepayment Unpaid
Unpaid
Class Premiums Interest
Interest
S 0.00 0.00
0.00
A-1 0.00 0.00
0.00
A-2 0.00 0.00
0.00
A-3 0.00 0.00
0.00
A-4 0.00 0.00
0.00
A-Z 0.00 0.00
0.00
B 0.00 0.00
0.00
R-III 0.00 0.00
0.00
Totals: 0.00 0.00
0.00
Other Actual
Interest Distribution
Class Shortfalls of Interest
S 0.00 279,449.52
A-1 0.00 224,263.31
A-2 0.00 227,371.67
A-3 0.00 329,454.06
A-4 0.00 357,355.80
A-Z 0.00 0.00
B 0.00 28,125.85
R-III 0.00 0.00
Totals: 0.00 1,446,020.21
Summary of Defaulted/Liquidated Mortgage Loans:
FHA Project Id *Status Date of Default
0 0 0
0 0 0
No Activity to Report During The Related Collection Period
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
Ending
FHA Project Id Balance FHA Benefits
0 0 0
0 0 0
No Activity to Report During The Related Collection Period
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
Liquidation Realized
FHA Project Id Proceeds Loss
0 0 0
0 0 0
No Activity to Report During The Related Collection Period
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
FHA Project Id Description of Final Recovery
Determination
0 0
0 0
No Activity to Report During The Related Collection Period
0 0
0 0
0 0
0 0
0 0
0 0
Status of Claims Made Under the FHA Mortgage Insurance:
No Activity to Report During The Related Collection Period
Aggrregate Realized Loss Information :
Cumulative realized losses on the Collateral Pool as of
0.00
Cumulative Principal realized losses on the Certificate
0.00
Cumulative Additional trust fund expenses applied to the
Certificates is
0.00
*Status code
1. Final Settlement has been made.
2. Final Settlement has not been made.
Delinquent Loan Detail
Paid
Outstanding
Disclosure Doc Thru Current P&I P&I
Control # Date Advance
Advances**
092-35495 12/01/96 13,266.89
13,266.89
024-11012 12/01/96 8,040.26
8,040.26
Total 21,307.15
21,307.15
A. P&I Advance - Loan in Grace Period
B. P&I Advance - Late Payment but < one month delinq
1. P&I Advance - Loan delinquent 1 month
2. P&I Advance - Loan delinquent 2 months
3. P&I Advance - Loan delinquent 3 months or More
4. Matured Balloon/Assumed Scheduled Payment
** Outstanding P&I Advances include the current period P&I
Advance
Out. Property
Special
Disclosure Doc Protection Advance
Servicer
Control # Advances Description (1)
Transfer Date
092-35495 0.00 B
024-11012 0.00 B
Total 0.00 0
Disclosure Doc Foreclosure Bankruptcy REO
Control # Date Date Date
092-35495
024-11012
Total
Loan Level Detail
Property
Disclosure Type
Maturity
Control # Group Code Date
402308 AW96FH1B MF- Housing
10/01/29
101-11023 AW96FH1A MF- Housing
09/01/27
436933 AW96FH1B Nursing Home
02/01/30
012-35203 AW96FH1A MF- Housing
03/01/21
012-57014 AW96FH1A MF- Housing
02/01/21
017-32023 AW96FH1A MF- Housing
11/01/29
023-43213 AW96FH1A Nursing Home
12/01/34
012-32188 AW96FH1A MF- Housing
06/01/20
014-11096 AW96FH1A MF- Housing
09/01/31
413874 AW96FH1B MF- Housing
03/01/31
072-22011 AW96FH1A Nursing Home
10/01/31
157013 AW96FH1B Nursing Home
11/01/36
024-43059 AW96FH1A Nursing Home
05/01/31
382270 AW96FH1B MF- Housing
04/01/23
429325 AW96FH1B MF- Housing
10/01/26
419430 AW96FH1B MF- Housing
12/01/31
133-11012 AW96FH1A MF- Housing
06/01/31
113-35086 AW96FH1A MF- Housing
07/01/36
024-43060 AW96FH1A Nursing Home
05/01/31
014-43021 AW96FH1A Nursing Home
03/01/26
123-11059 AW96FH1A MF- Housing
09/01/29
047-43089 AW96FH1A Nursing Home
10/01/26
042-43122 AW96FH1A Nursing Home
08/01/30
067-11058 AW96FH1A MF- Housing
04/01/30
114-35373 AW96FH1A MF- Housing
06/01/36
372752 AW96FH1B MF- Housing
10/01/31
114-35324 AW96FH1A MF- Housing
06/01/25
012-35281 AW96FH1A MF- Housing
12/01/20
047-43092 AW96FH1A Nursing Home
10/01/31
042-43084 AW96FH1A Nursing Home
12/01/31
000-94033 AW96FH1A MF- Housing
06/01/21
012-35639 AW96FH1A MF- Housing
10/01/23
420201 AW96FH1B MF- Housing
10/01/31
143-11024 AW96FH1A MF- Housing
12/01/31
181119 AW96FH1B MF- Housing
07/15/29
091-22001 AW96FH1A Nursing Home
11/01/31
091-22003 AW96FH1A Nursing Home
11/01/31
091-22002 AW96FH1A Nursing Home
11/01/31
047-43084 AW96FH1A Nursing Home
10/01/26
133-11010 AW96FH1A MF- Housing
06/01/31
047-43062 AW96FH1A Nursing Home
11/01/17
378387 AW96FH1B MF- Housing
10/01/34
048-43022 AW96FH1A Nursing Home
03/01/36
071-35628 AW96FH1A MF- Housing
04/01/35
061-43088 AW96FH1A Nursing Home
10/01/28
047-43077 AW96FH1A Nursing Home
11/01/25
047-43085 AW96FH1A Nursing Home
10/01/26
436930 AW96FH1B Nursing Home
08/15/31
042-43086 AW96FH1A Nursing Home
06/01/32
414001 AW96FH1B MF- Housing
11/01/26
092-35495 AW96FH1A MF- Housing
10/01/33
044-94005 AW96FH1A MF- Housing
05/01/22
043-43101 AW96FH1A Nursing Home
05/01/36
042-43087 AW96FH1A Nursing Home
05/01/32
378389 AW96FH1B MF- Housing
04/01/24
023-15017 AW96FH1A Nursing Home
12/01/34
420200 AW96FH1B MF- Housing
01/01/30
017-11018 AW96FH1A MF- Housing
01/01/25
427643 AW96FH1B MF- Housing
11/01/25
047-43086 AW96FH1A Nursing Home
10/01/26
432832 AW96FH1B MF- Housing
10/01/31
053-35553 AW96FH1A MF- Housing
09/01/27
083-10014 AW96FH1A MF- Housing
08/01/28
043-11061 AW96FH1A MF- Housing
11/01/29
373433 AW96FH1B MF- Housing
07/01/30
024-11012 AW96FH1A MF- Housing
04/01/30
042-11043 AW96FH1A MF- Housing
05/01/30
043-43102 AW96FH1A Nursing Home
12/01/35
133-11011 AW96FH1A MF- Housing
06/01/31
043-43099 AW96FH1A Nursing Home
10/01/35
285711 AW96FH1B MF- Housing
12/01/21
043-22003 AW96FH1A Nursing Home
10/01/30
014-10020 AW96FH1A Nursing Home
01/01/36
051-10004 AW96FH1A MF- Housing
12/01/27
394108 AW96FH1B MF- Housing
11/01/34
024-15002 AW96FH1A Nursing Home
11/01/30
103-41005 AW96FH1A MF- Housing
11/01/26
122-41054 AW96FH1A MF- Housing
01/01/36
112-11084 AW96FH1A MF- Housing
10/01/07
126-41003 AW96FH1A MF- Housing
08/01/34
126-41005 AW96FH1A MF- Housing
02/01/35
* NOI and DSCR, if available and reportable under the
terms of the trust agreement,
are based on information obtained from the related borrower,
and no other party to the
agreement shall be held liable for the accuracy or
methodology used to determine such
figures.
(1) Legend:
A. P&I Adv - in Grace Period
B. P&I Adv - < one month delinq
1. P&I Adv - delinquent 1 month
2. P&I Adv - delinquent 2 months
3. P&I Adv - delinquent 3+ months
4. Mat. Balloon/Assumed P&I
5. Prepaid in Full
6. Specially Serviced
7. Foreclosure
8. Bankruptcy
9. REO
10. DPO
11. Modification
Operating
Disclosure
Statement
Control # DSCR NOI Date
402308 1.171 2,854,402.59
101-11023 1.792 1,865,538.86
436933 1.340 1,330,613.00
012-35203 1.072 1,029,957.00
012-57014 1.325 1,076,996.00
017-32023 0.993 657,598.00
023-43213 1.191 1,011,163.00
012-32188 1.596 1,290,361.00
014-11096 1.534 1,045,944.00
413874 1.598 1,076,744.00
072-22011 3.121 2,080,584.00
157013 1.408 760,000.00
024-43059 1.670 835,232.00
382270
429325 1.303 625,472.00
419430
133-11012
113-35086 1.171 542,367.00
024-43060 1.670 670,912.00
014-43021 1.900 826,616.00
123-11059 1.327 556,900.00
047-43089 1.598 588,956.00
042-43122 1.590 559,357.00
067-11058 1.322 473,165.00
114-35373 1.168 433,060.00
372752 1.398 459,304.00
114-35324
012-35281 1.753 788,156.00
047-43092 2.452 764,249.00
042-43084 1.613 590,711.00
000-94033 0.440 137,247.00
012-35639 1.503 468,370.00
420201 1.618 397,369.00
143-11024 1.322 330,891.00
181119
091-22001 2.676 663,956.00
091-22003 2.429 590,151.00
091-22002 2.190 526,511.00
047-43084 1.785 444,866.00
133-11010
047-43062 1.394 381,959.00
378387 367,704.00
048-43022 2.494 517,243.00
071-35628 1.170 244,714.00
061-43088 1.352 307,704.00
047-43077 1.400 312,225.00
047-43085 1.500 294,122.00
436930 2.002 320,223.00
042-43086 1.372 264,706.00
414001 1.248 195,120.00
092-35495 1.168 197,486.00
044-94005 0.968 164,239.00
043-43101 1.286 213,635.00
042-43087 1.157 212,135.00
378389 265,048.00
023-15017 1.191 1,011,163.00
420200 1.439 196,129.00
017-11018 1.236 191,401.00
427643 1.424 194,328.00
047-43086 1.547 202,919.00
432832 1.321 151,891.00
053-35553 1.245 142,222.00
083-10014 390,613.00
043-11061 1.238 135,876.00
373433 1.330 130,878.00
024-11012 1.367 134,338.00
042-11043 1.238 108,204.00
043-43102 1.411 117,929.00
133-11011 1.374 101,609.00
043-43099 1.325 102,843.00
285711 1.265 92,115.00
043-22003 1.454 99,677.00
014-10020
051-10004 1.841 442,210.00
394108
024-15002 780,300.00
103-41005 93,717.00
122-41054 63,538.00
112-11084 1.076 72,541.00
126-41003 44,943.00
126-41005 35,981.00
Ending
Disclosure Principal Note
Scheduled
Control # Balance Rate P&I
402308 12,435,211.23 8.125%
90,229
101-11023 11,232,648.16 8.600%
86,768
436933 11,025,601.74 8.200%
80,444
012-35203 9,013,289.83 9.500%
80,030
012-57014 8,177,553.03 8.500%
67,714
017-32023 8,070,580.07 7.500%
55,180
023-43213 7,935,918.74 8.500%
58,573
012-32188 7,871,672.93 9.000%
67,378
014-11096 7,787,178.11 8.250%
56,823
413874 7,573,393.61 7.375%
50,305
072-22011 7,393,989.55 8.550%
55,560
157013 6,555,391.18 7.625%
43,627
024-43059 5,921,629.87 7.875%
41,676
382270 5,506,906.90 8.000%
41,550
429325 5,438,956.18 7.750%
38,856
419430 5,045,031.24 7.625%
34,340
133-11012 5,000,399.47 8.275%
36,626
113-35086 4,936,778.78 9.125%
38,605
024-43060 4,756,632.51 7.875%
33,477
014-43021 4,480,550.40 9.000%
36,256
123-11059 4,456,329.07 8.900%
34,983
047-43089 3,987,687.91 8.500%
30,718
042-43122 3,975,557.06 8.300%
32,932
067-11058 3,836,425.69 8.825%
29,816
114-35373 3,808,171.78 9.500%
30,889
372752 3,753,946.07 8.000%
26,599
114-35324 3,685,894.15 9.750%
31,938
012-35281 3,475,978.10 9.500%
37,477
047-43092 3,474,151.28 8.500%
25,977
042-43084 3,396,845.10 10.500%
31,301
000-94033 3,310,284.06 8.250%
26,290
012-35639 2,925,207.10 8.500%
25,963
420201 2,915,037.84 7.625%
19,860
143-11024 2,898,274.24 8.125%
20,858
181119 2,855,251.97 8.200%
20,903
091-22001 2,835,565.42 8.250%
20,674
091-22003 2,777,513.22 8.250%
20,251
091-22002 2,748,137.41 8.250%
20,036
047-43084 2,696,355.79 8.500%
20,771
133-11010 2,457,823.43 8.275%
18,002
047-43062 2,438,717.85 9.750%
22,835
378387 2,376,439.88 8.375%
17,255
048-43022 2,208,086.76 9.125%
17,282
071-35628 2,195,075.42 9.250%
17,434
061-43088 2,180,260.98 10.000%
18,972
047-43077 2,148,152.94 9.750%
18,584
047-43085 2,121,110.57 8.500%
16,339
436930 1,825,997.81 8.000%
12,949
042-43086 1,792,587.20 10.500%
15,685
414001 1,752,895.93 7.875%
12,667
092-35495 1,724,351.73 9.500%
14,086
044-94005 1,707,782.27 8.875%
14,135
043-43101 1,706,514.12 9.500%
13,845
042-43087 1,702,543.25 10.500%
14,897
378389 1,684,429.64 8.625%
13,308
023-15017 1,653,545.36 8.500%
12,204
420200 1,621,007.11 7.500%
11,018
017-11018 1,547,152.80 9.250%
12,904
427643 1,499,165.43 8.000%
11,056
047-43086 1,418,998.04 8.500%
10,931
432832 1,346,824.48 7.750%
9,298
053-35553 1,303,588.46 8.000%
9,516
083-10014 1,296,434.59 10.000%
11,290
043-11061 1,129,274.09 9.250%
9,149
373433 1,043,822.28 8.700%
7,981
024-11012 1,012,611.17 9.250%
8,188
042-11043 901,363.02 9.250%
7,286
043-43102 857,543.61 9.500%
6,964
133-11011 841,542.77 8.275%
6,164
043-43099 795,970.97 9.500%
6,467
285711 791,874.63 7.650%
5,901
043-22003 760,352.96 8.500%
5,713
014-10020 699,651.59 8.750%
5,278
051-10004 642,738.92 10.250%
5,805
394108 623,170.63 8.500%
4,577
024-15002 581,098.43 8.500%
4,365
103-41005 550,686.34 9.250%
4,535
122-41054 482,557.62 8.625%
3,594
112-11084 474,113.40 8.500%
5,619
126-41003 307,706.26 8.750%
2,332
126-41005 174,788.58 9.500%
1,422
266,352,280.11
2,050,084
Loan
Disclosure Prepayment
Status
Control # Prepayment Date Code
(1)
402308 0.08
101-11023
436933
012-35203
012-57014
017-32023
023-43213
012-32188
014-11096
413874
072-22011
157013 (0.03)
024-43059
382270 (0.02)
429325 (0.01)
419430
133-11012
113-35086
024-43060
014-43021
123-11059
047-43089
042-43122
067-11058
114-35373
372752 (0.01)
114-35324
012-35281
047-43092
042-43084
000-94033
012-35639
420201
143-11024
181119
091-22001
091-22003
091-22002
047-43084
133-11010
047-43062
378387 0.01
048-43022
071-35628
061-43088
047-43077
047-43085
436930 (0.01)
042-43086
414001
092-35495 B
044-94005
043-43101
042-43087
378389 (0.03)
023-15017
420200 0.01
017-11018
427643
047-43086
432832
053-35553
083-10014
043-11061
373433
024-11012 B
042-11043
043-43102
133-11011
043-43099
285711
043-22003
014-10020
051-10004
394108 0.01
024-15002
103-41005
122-41054
112-11084
126-41003
126-41005
0.00
Specially Serviced Loan Detail
Beginning
Disclosure Scheduled Interest
Maturity
Control # Balance Rate Date
0
0 0 0
0
(1)
Legend :
1) Request for waiver of Prepayment Penalty
2) Payment default
3) Request for Loan Modification or Workout
4) Loan with Borrower Bankruptcy
5) Loan in Process of Foreclosure
6) Loan now REO Property
7) Loans Paid Off
8) Loans Returned to Master Servicer
Specially
Disclosure Property Serviced
Control # Type Status Code (1)
Comments
0
0
0
0
0 0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0 0
Modified Loan Detail
Disclosure Modification Modification
Control # Date Description
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
Realized Loss Detail
Dist. Disclosure Appraisal
Date Control # Date
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
Current Total 0 0
Cumulative 0 0
* Aggregate liquidation expenses also include
outstanding P&I
advances and unpaid servicing fees, unpaid trustee fees,
etc..
Beginning
Disclosure Appraisal Scheduled
Control # Value Balance
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
Gross Proceeds
Disclosure Gross as a % of
Control # Proceeds Sched Principal
0 0
0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
Aggregate Net
Disclosure Liquidation Liquidation
Control # Expenses * Proceeds
0 0
0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
Net Proceeds
Disclosure as a % of Realized
Control # Sched. Balance Loss
0
0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
DistributiDelinq 1 Month Delinq 2 Months Delinq 3+
Months
Date # Balance # Balance #
Balance
01/27/97 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
DistributiForeclosure/BankruptREO
Modifications
Date # Balance # Balance #
Balance
01/27/97 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
01/00/00 0 0 0 0
0 0
0.00% 0.000% 0.00% 0.000%
0.00% 0.000%
Note: Foreclosure and REO Totals are Included in the
Appropriate Delinquency Aging Category
DistributiPrepayments Curr Weighted Avg.
Date # Balance Coupon Remit
01/27/97 0 0 8.5185% 8.3524%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
01/00/00 0 0 0.0000% 0.0000%
0.00% 0.000%
Pool Total
Distribution of Principal Balances
Current Scheduled Number Scheduled Based on
Balances of Loans Balance Balance
0 to 500,000 4 1,439,166
0.54%
500,000 to 1,000,000 11 8,045,994
3.02%
1,000,000 to 1,500,000 810,050,719
3.77%
1,500,000 to 2,000,000 1118,718,807
7.03%
2,000,000 to 2,500,000 818,125,668
6.81%
2,500,000 to 3,000,000 822,651,343
8.50%
3,000,000 to 3,500,000 413,657,259
5.13%
3,500,000 to 4,000,000 623,047,683
8.65%
4,000,000 to 5,000,000 418,630,291
6.99%
5,000,000 to 6,000,000 526,912,924
10.10%
6,000,000 to 7,000,000 1 6,555,391
2.46%
7,000,000 to 8,000,000 538,562,153
14.48%
8,000,000 to 9,000,000 216,248,133
6.10%
9,000,000 to 10,000,000 1 9,013,290
3.38%
10,000,000to 11,000,000 0 0
0.00%
11,000,000to 12,000,000 222,258,250
8.36%
12,000,000to 13,000,000 112,435,211
4.67%
13,000,000to 14,000,000 0 0
0.00%
14,000,000to 15,000,000 0 0
0.00%
15,000,000& Above 0 0
0.00%
Total 81266,352,280
100.00%
Average Scheduled Balance is 3,288,300
Maximum Scheduled Balance is 12,435,211
Minimum Scheduled Balance is 174,789
Number Scheduled Based on
Property Types of Loans Balance Balance
MF- Housing 50167,499,620
62.89%
Nursing Home 3198,852,660
37.11%
Distribution of Mortgage Interest Rates
Current Mortgage Number Scheduled Based on
Interest Rate of Loans Balance Balance
7.000%or less 0 0
0.00%
7.000%to 7.125% 0 0
0.00%
7.125%to 7.375% 1 7,573,394
2.84%
7.375%to 7.625% 524,207,047
9.09%
7.625%to 7.875% 620,008,814
7.51%
7.875%to 8.125% 729,223,090
10.97%
8.125%to 8.375% 1247,991,295
18.02%
8.375%to 8.625% 1757,622,888
21.63%
8.625%to 8.875% 5 7,595,388
2.85%
8.875%to 9.125% 523,953,418
8.99%
9.125%to 9.375% 6 7,336,163
2.75%
9.375%to 9.625% 821,556,609
8.09%
9.625%to 9.875% 3 8,272,765
3.11%
9.875%to 10.125% 2 3,476,696
1.31%
10.125%& Above 4 7,534,714
2.83%
Total 81266,352,280
100.00%
W/Avg Mortgage Interest Rate is 8.5185%
Minimum Mortgage Interest Rate is 7.3750%
Maximum Mortgage Interest Rate is 10.5000%
Number Scheduled Based on
Geographic Location of Loans Balance Balance
New York 844,431,081
16.68%
Texas 824,958,670
9.37%
Ohio 1224,146,465
9.07%
Michigan 922,201,043
8.34%
Virginia 318,122,981
6.80%
Connecticut 414,909,211
5.60%
Colorado 111,232,648
4.22%
Massachusetts 311,088,630
4.16%
New Jersey 111,025,602
4.14%
New Hampshire 210,678,262
4.01%
Georgia 2 9,753,655
3.66%
Maryland 4 9,675,963
3.63%
Illinois 2 9,589,065
3.60%
South Dakota 3 8,361,216
3.14%
Pennsylvania 2 7,347,266
2.76%
Indiana 1 5,438,956
2.04%
California 3 5,133,728
1.93%
Arizona 1 4,456,329
1.67%
Florida 1 3,836,426
1.44%
Minnesota 2 3,071,176
1.15%
Maine 2 1,593,710
0.60%
North Carolina 1 1,303,588
0.49%
Kentucky 1 1,296,435
0.49%
Alabama 1 1,043,822
0.39%
Missouri 1 623,171
0.23%
Nebraska 1 550,686
0.21%
Oregon 2 482,495
0.18%
Total 81266,352,280
100.00%
Loan Seasoning
Number Scheduled Based on
Number of Years of Loans Balance Balance
1 year or less 45155,871,822
58.52%
1+ to 2 years 1117,464,826
6.56%
2+ to 3 years 1236,557,224
13.73%
3+ to 4 years 3 5,219,482
1.96%
4+ to 5 years 317,068,211
6.41%
5+ to 6 years 0 0
0.00%
6+ to 7 years 0 0
0.00%
7+ to 8 years 0 0
0.00%
8+ to 9 years 1 642,739
0.24%
9+ to 10 years 1 1,303,588
0.49%
10 years or more 532,224,388
12.10%
Total 81266,352,280
100.00%
Weighted Average Seasoning is 2.9
Distribution of Amortization Type
Number Scheduled Based on
Amortization Type of Loans Balance Balance
Fully Amortizing 81266,352,280
100.00%
Total 81266,352,280
100.00%
Distribution of Remaining Term
Fully Amortizing
Fully Amortizing Number Scheduled Based on
Mortgage Loans of Loans Balance Balance
60 months or less 0 0
0.00%
61 to 120 months 0 0
0.00%
121 to 200 months 2 3,950,092
1.48%
201 to 300 months 838,504,156
14.46%
301 to 500 months 71223,898,032
84.06%
Total 81266,352,280
100.00%
Weighted Average Months to Maturity is 380
Debt Service Number Scheduled Based on
Coverage Ratio (1) of Loans Balance Balance
0.500or less 1 3,310,284
1.24%
0.500to 0.625 0 0
0.00%
0.625to 0.750 0 0
0.00%
0.750to 0.875 0 0
0.00%
0.875to 1.000 2 9,778,362
3.67%
1.000to 1.125 2 9,487,403
3.56%
1.125to 1.250 1343,025,871
16.15%
1.250to 1.375 1547,345,149
17.78%
1.375to 1.500 921,755,388
8.17%
1.500to 1.625 941,851,578
15.71%
1.625to 1.750 210,678,262
4.01%
1.750to 1.875 418,047,721
6.78%
1.875to 2.000 1 4,480,550
1.68%
2.000to 2.125 1 1,825,998
0.69%
2.125& above 621,437,444
8.05%
Unknown 1633,328,271
12.51%
Total 81266,352,280
100.00%
Weighted Average Debt Service Coverage R 1.509685
(1) Debt Service Coverage Ratios are calculated as described
in the prospectus, values are updated periodically as new
NOI figures became available from borrowers on an asset
level.
Neither the Trustee, Servicer, Special Servicer or
Underwriter makes any representation as to the accuracy of
the data provided by the borrower for this calculation.
NOI Aging
Number Scheduled Based on
NOI Date of Loans Balance Balance
1 year or less 0 0
0.00%
1 to 2 years 0 0
0.00%
2 Years or More 0 0
0.00%
Unknown 81266,352,280
100.00%
Total 81266,352,280
100.00%
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