Exhibit 20.1
MONTHLY CERTIFICATE HOLDERS REPORT
----------------------------------
Due Period : 1 Beginning Date : 08/02/1996 End Date : 08/31/1996
Determination Date : 09/17/1996 Remittance Date : 09/25/1996
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------
PO AND NON-PO BALANCE INFORMATION
GROUP MORTGAGE GROUP ONE MORTGAGE GROUP TWO TOTAL
<S> <C> <C> <C>
Initial Certificate Balance $ 167,767,803.07 $ 39,282,178.12 $ 207,049,981.19
Beginning Certificate Balance $ 167,767,803.07 $ 39,282,178.12 $ 207,049,981.19
Scheduled Principal $ 149,358.46 $ 177,449.23 $ 326,807.69
Curtailments $ 31,395.61 $ -443.20 $ 30,952.41
Repurchase Principal $ 0.00 $ 0.00 $ 0.00
Paid in Full Principal $ 251,490.72 $ 544,658.20 $ 796,148.92
Default Principal $ 0.00 $ 0.00 $ 0.00
First Perd Adjustment $ 0.00 $ 0.00 $ 0.00
Total Principal $ 432,244.79 $ 721,664.23 $ 1,153,909.02
Ending Certificate Principal $ 167,335,558.28 $ 38,560,513.89 $ 205,896,072.17
</TABLE>
PO BALANCE INFORMATION
<TABLE>
<CAPTION>
GROUP MORTGAGE GROUP ONE MORTGAGE GROUP TWO TOTAL
<S> <C> <C> <C>
Initial Certificate Balance $ 490,762.82 $ 501,860.84 $ 992,623.66
Beginning Certificate Balance $ 490,762.82 $ 501,860.84 $ 992,623.66
Scheduled Principal $ 481.72 $ 2,221.39 $ 2,703.11
Curtailments $ 34.00 $ 25.09 $ 59.09
Repurchase Principal $ 0.00 $ 0.00 $ 0.00
Paid in Full Principal $ 0.00 $ 19,306.01 $ 19,306.01
Default Principal $ 0.00 $ 0.00 $ 0.00
First Perd Adjustment $ 0.00 $ 0.00 $ 0.00
Total Principal $ 515.72 $ 21,552.49 $ 22,068.21
Ending Certificate Principal $ 490,247.10 $ 480,308.35 $ 970,555.45
</TABLE>
<PAGE>
NON-PO BALANCE INFORMATION
<TABLE>
<CAPTION>
GROUP MORTGAGE GROUP ONE MORTGAGE GROUP TWO TOTAL
<S> <C> <C> <C>
Initial Certificate Balance $ 167,277,040.25 $ 38,780,317.28 $ 206,057,357.53
Beginning Certificate Balance $ 167,277,040.25 $ 38,780,317.28 $ 206,057,357.53
Scheduled Principal $ 148,876.74 $ 175,227.84 $ 324,104.58
Curtailments $ 31,361.61 $ -468.29 $ 30,893.32
Repurchase Principal $ 0.00 $ 0.00 $ 0.00
Paid in Full Principal $ 251,490.72 $ 525,352.19 $ 776,842.91
Default Principal $ 0.00 $ 0.00 $ 0.00
First Perd Adjustment $ 0.00 $ 0.00 $ 0.00
Total Principal $ 431,729.07 $ 700,111.74 $ 1,131,840.81
Ending Certificate Principal $ 166,845,311.18 $ 38,080,205.54 $ 204,925,516.72
</TABLE>
- --------------------------------------------------------------------------------
<PAGE>
MONTHLY CERTIFICATE HOLDERS REPORT
----------------------------------
Due Period : 1 Beginning Date : 08/02/1996 End Date : 08/31/1996
Determination Date : 09/17/1996 Remittance Date : 09/25/1996
- -------------------------------------------------------------------------------
INTEREST DISTRIBUTION
CLASS Interest Distribution
A $ 1,173,001.57
SUBORD $ 71,928.32
IA $ 952,350.28
IIA $ 220,651.29
- --------------------------------------------------------------------------------
MORTGAGE TALLY
GROUP MORTGAGE GROUP ONE MORTGAGE GROUP TWO TOTAL
Initial Loan Count 541 129 670
Beginning Loan Count 541 129 670
Paid in Full Loans 1 2 3
Defaulted Loans 0 0 0
Repurchased Loans 0 0 0
Ending Loan Count 540 127 667
- --------------------------------------------------------------------------------
POOL PERCENTAGE INFORMATION
CLASS Beginning Pool Pct Ending Pool Pct. Beg. Non-PO Pct.
A 94.249998419911% 94.226901035691% 94.222300201891%
SUBORD 5.750001580089% 5.773099770541% 5.270589800240%
IA 94.249998573341% 94.240276950657% 94.233129522388%
IIA 94.249997764635% 94.168855486692% 94.175588446862%
- --------------------------------------------------------------------------------
Weighted Average Coupon Rate
Group Beginning WAC Ending WAC
MORTGAGE GROUP ONE 8.203924560100% 8.203731771719%
MORTGAGE GROUP TWO 7.868070631314% 7.877164937856%
- --------------------------------------------------------------------------------
<PAGE>
MONTHLY CERTIFICATE HOLDERS REPORT
----------------------------------
Due Period : 1 Beginning Date : 08/02/1996 End Date : 08/31/1996
Determination Date : 09/17/1996 Remittance Date : 09/25/1996
- --------------------------------------------------------------------------------
Loss Summary for Due Period
GROUP MORTGAGE GROUP ONE MORTGAGE GROUP TWO
Current Loss $ 0.00 $ 0.00
Current Recovery $ 0.00 $ 0.00
Cumulative Losses $ 0.00 $ 0.00
- --------------------------------------------------------------------------------
Weighted Average Service Fee
GROUP Beginning Rate Ending Rate
MORTGAGE GROUP ONE 0.24% 0.24%
MORTGAGE GROUP TWO 0.24% 0.23%
- --------------------------------------------------------------------------------
Class A Principal Prepayment Percentage
GROUP Prepayment Pct.
MORTGAGE GROUP ONE 100.00%
MORTGAGE GROUP TWO 100.00%
- --------------------------------------------------------------------------------
Excess Interest
MORTGAGE GROUP ONE 102,210.19
MORTGAGE GROUP TWO 15,683.86
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
CREDIT REPORT SUMMARY
Original Beginning Ending
Class Credit Support Credit Support Credit Support
------ ---------------- ---------------- ----------------
<S> <C> <C> <C>
M 3.50% 3.50% 3.51%
B-1 2.50% 2.50% 2.51%
B-2 1.75% 1.75% 1.76%
B-3 0.90% 0.90% 0.90%
B-4 0.45% 0.45% 0.45%
B-5 0.00% 0.00% 0.00%
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
MONTHLY CERTIFICATE HOLDERS REPORT
----------------------------------
Due Period : 1 Beginning Date : 08/02/1996 End Date : 08/31/1996
Determination Date : 09/17/1996 Remittance Date : 09/25/1996
- --------------------------------------------------------------------------------
MONTHLY CLASS DISTRIBUTION DETAIL REPORT
Class Original Balance Beginning Bal Beg. Factor Prin. Disbursed Int. Disbursed Ending Balance Ending Factor
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
M $ 4,658,626.00 $ 4,658,626.00 1.0000000000 $ 7,353.20 $ 28,145.87 $ 4,651,272.80 0.9984215947
B-1 $ 2,070,499.00 $ 2,070,499.00 1.0000000000 $ 3,268.09 $ 12,509.26 $ 2,067,230.91 0.9984215931
B-2 $ 1,552,875.00 $ 1,552,875.00 1.0000000000 $ 2,451.07 $ 9,381.95 $ 1,550,423.93 0.9984215922
B-3 $ 1,759,925.00 $ 1,759,925.00 1.0000000000 $ 2,777.88 $ 10,632.88 $ 1,757,147.12 0.9984215918
B-4 $ 931,725.00 $ 931,725.00 1.0000000000 $ 1,470.64 $ 5,629.17 $ 930,254.36 0.9984194512
B-5 $ 931,727.19 $ 931,727.19 1.0000000000 $ 1,470.64 $ 5,629.19 $ 930,256.55 0.9984237412
TOTAL $ 11,905,377.19 $ 11,905,377.19 $ 18,791.52 $ 71,928.32 $ 11,886,585.67
- ----------------------------------------------------------------------------------------------------------------------------
IA-1 $ 114,282,033.00 $ 114,282,033.00 1.0000000000 $ 329,563.96 $ 598,790.24 $ 113,952,469.04 0.9971162225
IA-2 $ 0.00 $ 0.00 1.0000000000 $ 0.00 $ 258,325.01 $ 0.00 0.9971162225
IA-3 $ 27,585,318.00 $ 27,585,318.00 1.0000000000 $ 79,549.92 $ 0.00 $ 27,505,768.08 0.9971162225
IA-4 $ 15,763,039.00 $ 15,763,039.00 1.0000000000 $ 14,029.66 $ 95,235.03 $ 15,749,009.34 0.9991099648
IA-P $ 490,762.00 $ 490,762.00 1.0000000000 $ 514.90 $ 0.00 $ 490,247.10 0.9989508153
TOTAL $ 158,121,152.00 $ 158,121,152.00 $ 423,658.44 $ 952,350.28 $ 157,697,493.56
- ----------------------------------------------------------------------------------------------------------------------------
IIA-1 $ 36,521,592.00 $ 36,521,592.00 1.0000000000 $ 689,905.75 $ 220,651.29 $ 35,831,686.25 0.9811096474
IIA-P $ 501,860.00 $ 501,860.00 1.0000000000 $ 21,551.65 $ 0.00 $ 480,308.35 0.9570564500
TOTAL $ 37,023,452.00 $ 37,023,452.00 $ 711,457.40 $ 220,651.29 $ 36,311,994.60
- ----------------------------------------------------------------------------------------------------------------------------
R $ 0.00 $ 0.00 0.0000000000 $ 0.00 $ 0.00 $ 0.00 0.0000000000
TOTAL $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
MONTHLY CERTIFICATE HOLDERS REPORT
----------------------------------
Due Period : 1 Beginning Date : 08/02/1996 End Date : 08/31/1996
Determination Date : 09/17/1996 Remittance Date : 09/25/1996
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MONTHLY PRINCIPAL DISTRIBUTION DETAIL REPORT
Class Initial Bal Beginning Bal Scheduled Prin. Adj/Shtf Prin. Disbursed Prin. Dist. Fa Ending Balance
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
M $ 4,658,626.00 $ 4,658,626.00 $ 7,353.20 $ 0.00 $ 7,353.20 $ 1.5784053 $ 4,651,272.80
B-1 $ 2,070,499.00 $ 2,070,499.00 $ 3,268.09 $ 0.00 $ 3,268.09 $ 1.5784069 $ 2,067,230.91
B-2 $ 1,552,875.00 $ 1,552,875.00 $ 2,451.07 $ 0.00 $ 2,451.07 $ 1.5784078 $ 1,550,423.93
B-3 $ 1,759,925.00 $ 1,759,925.00 $ 2,777.88 $ 0.00 $ 2,777.88 $ 1.5784082 $ 1,757,147.12
B-4 $ 931,725.00 $ 931,725.00 $ 1,470.64 $ 0.00 $ 1,470.64 $ 1.5784023 $ 930,254.36
B-5 $ 931,727.19 $ 931,727.19 $ 1,470.64 $ 0.00 $ 1,470.64 $ 1.5784053 $ 930,256.55
TOTAL $ 11,905,377.19 $ 11,905,377.19 $ 18,791.52 $ 0.00 $ 18,791.52 $ 11,886,585.67
- ---------------------------------------------------------------------------------------------------------------------------
IA-1 $ 114,282,033.00 $ 114,282,033.00 $ 329,563.96 $ 0.00 $ 329,563.96 $ 2.8837775 $ 113,952,469.04
IA-2 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.0000000 $ 0.00
IA-3 $ 27,585,318.00 $ 27,585,318.00 $ 79,549.92 $ 0.00 $ 79,549.92 $ 2.8837775 $ 27,505,768.08
IA-4 $ 15,763,039.00 $ 15,763,039.00 $ 14,029.66 $ 0.00 $ 14,029.66 $ 0.8900352 $ 15,749,009.34
IA-P $ 490,762.00 $ 490,762.00 $ 514.90 $ 0.00 $ 514.90 $ 1.0491847 $ 490,247.10
TOTAL $ 158,121,152.00 $ 158,121,152.00 $ 423,658.44 $ 0.00 $ 423,658.44 $ 157,697,493.56
- ---------------------------------------------------------------------------------------------------------------------------
IIA-1 $ 36,521,592.00 $ 36,521,592.00 $ 689,905.75 $ 0.00 $ 689,905.75 $ 18.8903526 $ 35,831,686.25
IIA-P $ 501,860.00 $ 501,860.00 $ 21,551.65 $ 0.00 $ 21,551.65 $ 42.9435500 $ 480,308.35
TOTAL $ 37,023,452.00 $ 37,023,452.00 $ 711,457.40 $ 0.00 $ 711,457.40 $ 36,311,994.60
- ---------------------------------------------------------------------------------------------------------------------------
R $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.0000000 $ 0.00
TOTAL $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
- ---------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
MONTHLY CERTIFICATE HOLDERS REPORT
----------------------------------
Due Period : 1 Beginning Date : 08/02/1996 End Date : 08/31/1996
Determination Date : 09/17/1996 Remittance Date : 09/25/1996
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MONTHLY INTEREST DISTRIBUTION DETAIL REPORT
Class PTR Gross Int.Dist. Prep.Short Z Accret Int.Adj. Sol/Sail S Total Int.Dist Int. Dist. Fac
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
M 7.2500% $ 28,145.87 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 28,145.87 $ 6.0416677
B-1 7.2500% $ 12,509.26 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 12,509.26 $ 6.0416644
B-2 7.2500% $ 9,381.95 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 9,381.95 $ 6.0416647
B-3 7.2500% $ 10,632.88 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 10,632.88 $ 6.0416665
B-4 7.2500% $ 5,629.17 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 5,629.17 $ 6.0416517
B-5 7.2500% $ 5,629.19 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 5,629.19 $ 6.0416849
TOTAL $ 71,928.32 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 71,928.32
- ---------------------------------------------------------------------------------------------------------------------------
IA-1 6.2875% $ 598,790.24 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 598,790.24 $ 5.2395834
IA-2 2.7125% $ 258,325.01 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 258,325.01 $ 0.0000000
IA-3 0.0000% $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.0000000
IA-4 7.2500% $ 95,235.03 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 95,235.03 $ 6.0416668
IA-P 0.0000% $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.0000000
TOTAL $ 952,350.28 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 952,350.28
- ---------------------------------------------------------------------------------------------------------------------------
IIA-1 7.2500% $ 220,651.29 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 220,651.29 $ 6.0416668
IIA-P 0.0000% $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.0000000
TOTAL $ 220,651.29 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 220,651.29
- ---------------------------------------------------------------------------------------------------------------------------
R 0.0000% $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.0000000
TOTAL $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
- ---------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
MONTHLY CERTIFICATE HOLDERS REPORT
----------------------------------
Due Period : 1 Beginning Date : 08/02/1996 End Date : 08/31/1996
Determination Date : 09/17/1996 Remittance Date : 09/25/1996
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
MASTER SERVICER SUMMARY
GROUP Servicer Advanc Deliq.for Perd Adv. Recovered Serv. Fees Excess Interest
<S> <C> <C> <C> <C> <C>
MORTGAGE GROUP ONE $ 0.00 $ 0.00 $ 0.00 $ 34,119.68 $ 102,210.19
MORTGAGE GROUP TWO $ 0.00 $ 0.00 $ 0.00 $ 7,580.87 $ 15,683.86
TOTAL $ 0.00 $ 0.00 $ 0.00 $ 41,700.55 $ 117,894.05
</TABLE>
- --------------------------------------------------------------------------------
Additional Servicing Compensation $ 0.00
- --------------------------------------------------------------------------------
Delinquency Information
<TABLE>
<CAPTION>
PERIOD Units Amount Percentage
<S> <C> <C> <C>
30 DAYS 0 $ 0.00 0.0000%
60 DAYS 0 $ 0.00 0.0000%
90+ DAYS 0 $ 0.00 0.0000%
TOTAL 0 $ 0.00 0.0000%
FORECLOSE 0 $ 0.00 0.0000%
TOTAL 0 $ 0.00 0.0000%
REO 0 $ 0.00 0.0000%
TOTAL 0 $ 0.00 0.0000%
- -----------------------------------------------------------------------------------------------
</TABLE>
