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Previous: FINGERHUT RECEIVABLES INC, 8-K, EX-20, 2000-07-18 |
Next: OAKMONT CORP /CA/, 13F-HR, 2000-07-18 |
<TABLE>
Exhibit 20.b
Fingerhut Receivables, Inc. Fingerhut Master Trust Monthly Report
Securityholder's Statement Series 1998-2 June-2000
Class A Class B CTO Class D Total
<C> <S> <C> <C> <C> <C> <C>
(i) Security Amount 337,500,000.00 51,136,000.00 61,364,000.00 61,364,000.00 511,364,000.00
(ii) Security Principal Distributed 0.00 0.00 0.00 0.00
(iii) Security Interest Distributed 1,752,187.50 277,412.80 414,616.09 2,444,216.39
Security Principal Distributed per $1,000 0.0000000 0.0000000 0.0000000
Security Interest Distributed per $1,000 5.1916667 5.4250000 6.7566666
(iv) Principal Collections 17,245,898.58 2,612,966.35 3,135,636.51 3,135,636.51 26,130,167.95
(v) Finance Collections 12,510,041.94 1,895,447.42 2,274,566.56 2,274,566.56 18,954,622.48
Recoveries 854,813.42 129,516.26 155,421.54 155,421.54 1,295,172.75
Defeasance Funding Acct Earnings 0.00 0.00 0.00 0.00 0.00
Total Finance Collections 13,364,855.36 2,024,963.68 2,429,988.10 2,429,988.10 20,249,795.24
Total Collections 30,610,753.94 4,637,960.03 5,565,624.61 5,565,624.61 46,379,963.19
(vi) Aggregate Amount of Principal Receivables 1,582,275,636.10
Invested Amount (End of Month) 337,500,000.00 51,136,000.00 61,364,000.00 61,364,000.00 511,364,000.00
Floating Allocation Percentage 21.3300384% 3.2318010% 3.8782118% 3.8782118% 32.3182629%
Invested Amount (Beginning of Month) 337,500,000.00 51,136,000.00 61,364,000.00 61,364,000.00 511,364,000.00
Average Daily Invested Amount 511,364,000.00
(vii) Receivable Delinquencies
Current 77.00% 1,442,736,606.65
30 Days to 59 Days 6.59% 123,437,542.92
60 Days to 89 Days 3.85% 72,095,853.24
90 Days and Over 12.56% 235,422,008.71
Total Receivables 100.00% 1,873,692,011.52
(viii) Aggregate Investor Default Amount 8,886,427.26
As a % of Average Daily Invested Amount (Annualized based on 365 days/year) 18.12%
(ix) Security Charge-Offs 0.00 0.00 0.00 0.00 0.00
(x) Servicing Fee 645,491.80 97,801.09 117,362.84 117,362.84 978,018.57
(xi) Pool Factor 1.0000000 1.0000000 1.0000000
(xii) Unreimbursed Redirected Principal Collections 0.000000 0.000000 0.000000 0.00
(xiii) Excess Funding Account Balance 0.00
(xiv) CTO Trigger Event Occurrence None
CTO Reserve Amount N/A
(xv) Number of New Accounts Added to the Trust 134,525
(xvi) Revolving Receivables Reserve Account Balance $4,298,700.00
(xvii) Defeasance Funding Account Balance 0.00
Average Net Portfolio Yield 23.17%
Minimum Base Rate 8.45%
</TABLE>
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