<TABLE>
<CAPTION>
Irwin Home Equity Loan-Backed Term Notes Series 2000-1
Master Servicer Certificate
Remittance Date: 12/26/2000
Certificate Summary
Noteholder Distribution Summary
Beginning Ending
Note Note Interest Principal Aggregate Note
Class Rate Balance Distribution Distribution Distribution Balance
<S> <C> <C> <C> <C> <C> <C>
A-1 7.71000% $ 99,627,934.10 $ 640,109.48 $ 163,350.59 $ 803,460.07 $ 99,464,583.51
A-2 6.73750% 40.658,513.06 220,671.26 714,984.31 935,655.57 39,943,528.75
A-3 7.46000% 34,321,000.00 213,362.22 0.00 213,362.22 34,321,000.00
A-4 7.66000% 17,221,000.00 109,927.38 0.00 109,927.38 17,221,000.00
A-5 7.78000% 16,163,000.00 104,790.12 0.00 104,790.12 16,163,000.00
A-6 7.96000% 27,178,000.00 180,280.73 0.00 180,280.73 27,178,000.00
A-7 7.65000% 49,244,531.09 313,933.89 342,764.95 656,698.84 48,901,766.14
A-8 6.85750% 64,131,793.96 354,270.26 1,199,235.59 1,553,505.85 62,932,558.37
IO-2 8.00000% 0.00 111,180.00 0.00 111,180.00 0.00
Totals $348,545,772.21 $2,248,525.33 $ 2,420,335.44 $ 4,668,860.77 $ 346,125,436.77
Certificates $ 3,952,433.96 $ 58,380.81 $ 4,654,848.94
LIBOR 6.61750%
</TABLE>
<TABLE>
Interest Period Interest Period Number of Interest
Begin End Accrual Days
<S> <C> <C> <C>
Class A-2 and A-8 Notes 11/27/00 12/25/00 29
All other Notes and Certificates 11/01/00 11/30/00 30
</TABLE>
<TABLE>
<CAPTION>
Noteholder Distribution Factors Summary (Per $1000 Original Principal Amount)
Original Interest Principal Aggregate Ending
Note Distribution Distribution Distribution Note
Class Balance Amount Amount Amount Factor
<S> <C> <C> <C> <C> <C>
A-1 $100,000,000.00 $ 6.40109477 $ 1.63350590 $ 8.03460067 $ 994.64586510
A-2 42,117,000.00 5.23948183 16.97614526 22.21562709 948.39444286
A-3 34,321,000.00 6.21666667 0.00 6.21666667 1,000.00000000
A-4 17,221,000.00 6.38333333 0.00 6.38333333 1,000.00000000
A-5 16,163,000.00 6.48333333 0.00 6.48333333 1,000.00000000
A-6 27,178,000.00 6.63333333 0.00 6.63333333 1,000.00000000
A-7 50,000,000.00 6.27867771 6.85529900 13.13397671 978.03532280
A-8 65,800,000.00 5.38404658 18.22546489 23.60951147 956.42185973
Total $352,800,000.00
</TABLE>
<TABLE>
Collateral Collections Summary
<S> <C> <C>
Aggregate Collections: Group I Group II
Home Equity Mortgage Loans - HELs $1,077,267.18 $385,348.10
High LTV Mortgage Loans - HEL125 NA $847,038.84
Home Equity Line of Credit- HELOC NA NA
Total Collections $1,077,267.18 $1,232,386.94
Interest Collections
Home Equity Mortgage Loans - HELs $542,019.36 $188,769.08
High LTV Mortgage Loans - HEL125 NA $578,695.13
Home Equity Line of Credit- HELOC NA NA
Total Interest Collections $542,019.36 $767,464.21
Principal Collections
Home Equity Mortgage Loans - HELs $535,247.82 $196,579.02
High LTV Mortgage Loans - HEL125 NA $268,343.71
Home Equity Line of Credit- HELOC NA NA
Total Principal Collections $535,247.82 $464,922.73
Additional Balances Purchased (Group IV HELOCs)
Net Principal Collections for Group IV
Prepayment Penalties Collected $22,050.14 $6,094.36
Purchase/Repurchase Price of any Mortgage Loans Purchased $0.00 $0.00
Liquidation Proceeds $0.00 $0.00
Insurance Proceeds $0.00 $0.00
Substitution Adjustment Amounts $0.00 $0.00
Prepayment Interest Shortfall $2,397.57 $2,309.11
Periodic Advance $79,856.63 $135,318.66
less Servicing Fee $31,201.86 $39,937.44
less Periodic Advance Repayment $67,853.19 $104,791.82
Amount to be Transferred to the Trustee Collection Account $1,082,516.47 $1,231,379.82
Amount to be Transferred to the Funding Account $535,247.82 $0.00
Amount to be Transferred from the Capitalized Interest Account $301,659.56 $428,447.65
Amount to be Transferred from the Prefunding Account $0.00 $0.00
</TABLE>
<TABLE>
Collateral Collections Summary continued
<S> <C> <C> <C>
Aggregate Collections: Group III Group IV Total
Home Equity Mortgage Loans - HELs NA NA $1,462,615.28
High LTV Mortgage Loans - HEL125 $566,446.19 NA $1,413,485.03
Home Equity Line of Credit- HELOC NA $1,673,748.59 $1,673,748.59
Total Collections $566,446.19 $1,673,748.59 $4,549,848.90
Interest Collections
Home Equity Mortgage Loans - HELs NA NA $730,788.44
High LTV Mortgage Loans - HEL125 $352,405.06 NA $931,100.19
Home Equity Line of Credit- HELOC NA $391,350.09 $391,350.09
Total Interest Collections $352,405.06 $391,350.09 $2,053,238.72
Principal Collections
Home Equity Mortgage Loans - HELs NA NA $731,826.84
High LTV Mortgage Loans - HEL125 $214,041.13 NA $482,384.84
Home Equity Line of Credit- HELOC NA $1,282,398.50 $1,282,398.50
Total Principal Collections $214,041.13 $1,282,398.50 $2,496,610.18
Additional Balances Purchased (Group IV HELOCs) $243,441.90
Net Principal Collections for Group IV $1,038,956.60
Prepayment Penalties Collected $2,984.55 $27,251.76 $58,380.81
Purchase/Repurchase Price of any Mortgage Loans Purchased $0.00 $0.00 $0.00
Liquidation Proceeds $0.00 $0.00 $0.00
Insurance Proceeds $0.00 $0.00 $0.00
Substitution Adjustment Amounts $0.00 $0.00 $0.00
Prepayment Interest Shortfall $979.48 $4,049.54 $9,735.70
Periodic Advance $67,411.27 $53,275.38 $335,861.94
less Servicing Fee $17,469.01 $20,625.96 $109,234.26
less Periodic Advance Repayment $44,277.24 $48,191.99 $265,114.24
Amount to be Transferred to the Trustee Collection Account $576,075.24 $1,446,065.41 $4,336,036.94
Amount to be Transferred to the Funding Account $535,247.82
Amount to be Transferred from the Capitalized Interest Account $128,328.19 $149,512.87 $1,007,948.28
Amount to be Transferred from the Prefunding Account
</TABLE>
Distribution Summary
<TABLE>
<S> <C> <C>
Prepayment Penalty and Fee Summary Group I Group II
Prepayment Penaties (due to the Certificateholders) $22,050.14 $6,094.36
Premium for the Policy (due to the Enhancer) $23,208.40 $31,459.52
Indenture Trustee Fee (due to the Indenture Trustee) $209.61 $284.04
Total Prepayment Penalties and Fees $45,468.15 $37,837.93
Noteholder Distribution Summary
Class A-1 through A-8 Notes Interest Distribution $640,109.48 $829,031.71
Class IO-2 Note Interest Distribution NA $77,973.52
Base Principal Distribution Amount $0.00 $464,922.73
Additional Principal Distribution Amount $163,350.59 $250,061.58
Total Noteholder Distribution Amount $803,460.07 $1,621,989.54
Excess Spread $163,350.59 $250,061.58
Certificateholder Distribution Summary
Certificateholder Prepayment Penalty Amount $22,050.14 $6,094.36
Certificateholder Excess Interest Amount $0.00 $0.00
Total Certificateholder Distribution Amount $22,050.14 $6,094.36
Liquidation Loss Amount $0.00 $0.00
Home Equity Mortgage Loans - HELs
High LTV Mortgage Loans - HEL125 NA
Home Equity Line of Credit- HELOC NA NA
Cumulative Loss Amount $0.00 $0.00
Home Equity Mortgage Loans - HELs
High LTV Mortgage Loans - HEL125 NA
Home Equity Line of Credit- HELOC NA NA
Servicing Default Occured? No No
Reserve Account Withdrawal $0.00 $0.00
Policy Draw Amount $0.00 $0.00
</TABLE>
<TABLE>
<S> <C> <C> <C>
Prepayment Penalty and Fee Summary Group III Group IV Total
Prepayment Penaties (due to the Certificateholders) $2,984.55 $27,251.76 $58,380.81
Premium for the Policy (due to the Enhancer) $11,410.41 $14,684.26 $80,762.60
Indenture Trustee Fee (due to the Indenture Trustee) $103.16 $136.41 $733.22
Total Prepayment Penalties and Fees $14,498.13 $42,072.43 $139,876.63
Noteholder Distribution Summary
Class A-1 through A-8 Notes Interest Distribution $313,933.89 $354,270.26 $2,137,345.33
Class IO-2 Note Interest Distribution $33,206.48 NA $111,180.00
Base Principal Distribution Amount $214,041.13 $1,038,956.60 $1,717,920.46
Additional Principal Distribution Amount $128,723.82 $160,278.99 $702,414.98
Total Noteholder Distribution Amount $689,905.31 $1,553,505.85 $4,668,860.77
Excess Spread $128,723.81 $160,278.99 $702,414.97
Certificateholder Distribution Summary
Certificateholder Prepayment Penalty Amount $2,984.55 $27,251.76 $58,380.81
Certificateholder Excess Interest Amount $0.00 $0.00 $0.00
Total Certificateholder Distribution Amount $2,984.55 $27,251.76 $58,380.81
Liquidation Loss Amount $0.00 $0.00 $0.00
Home Equity Mortgage Loans - HELs NA NA $0.00
High LTV Mortgage Loans - HEL125 NA $0.00
Home Equity Line of Credit- HELOC NA $0.00
Cumulative Loss Amount $0.00 $0.00 $0.00
Home Equity Mortgage Loans - HELs NA NA $0.00
High LTV Mortgage Loans - HEL125 NA $0.00
Home Equity Line of Credit- HELOC NA $0.00
Servicing Default Occured? No No
Reserve Account Withdrawal $0.00 $0.00 $0.00
Policy Draw Amount $0.00 $0.00 $0.00
</TABLE>
<TABLE>
POOL SUMMARY
<S> <C> <C>
Beginning Pool Balance Group I Group II
Home Equity Mortgage Loans - HELs $53,759,078.36 $20,297,072.76
High LTV Mortgage Loans - HEL125s NA $47,297,408.72
Home Equity Line of Credit- HELOCs NA NA
Total $53,759,078.36 $67,594,481.48
Ending Pool Balance
Home Equity Mortgage Loans - HELs $53,223,830.54 $20,100,493.74
High LTV Mortgage Loans - HEL125s NA $47,029,065.01
Home Equity Line of Credit- HELOCs NA NA
Total $53,223,830.54 $67,129,558.75
Beginning # of Mortgage Loans
Home Equity Mortgage Loans - HELs 1567 310
High LTV Mortgage Loans - HEL125s NA 1339
Home Equity Line of Credit- HELOCs NA NA
Total 1567 1649
Ending # of Mortgage Loans
Home Equity Mortgage Loans - HELs 1554 307
High LTV Mortgage Loans - HEL125s NA 1331
Home Equity Line of Credit- HELOCs NA NA
Total 1554 1638
Weighted Average Mortgage Interest Rate 12.417% 14.199%
Overcollateralization Summary
Overcollateralization Target Amount $5,563,985.84 $8,645,730.09
Beginning Overcollateralization Amount $1,535,444.76 $798,858.06
Beginning Overcollateralization Deficiency Amount $4,028,541.08 $7,846,872.03
Additional Principal Distribution Amount $163,350.59 $250,061.58
Ending Overcollateralization Amount $1,698,795.35 $1,048,919.64
Ending Overcollateralization Deficiency Amount $3,865,190.49 $7,596,810.45
</TABLE>
<TABLE>
Pool Summary continued
<S> <C> <C> <C>
Beginning Pool Balance Group III Group IV Total
Home Equity Mortgage Loans - HELs NA NA $74,056,151.12
High LTV Mortgage Loans - HEL125s $29,517,582.40 NA $76,814,991.12
Home Equity Line of Credit- HELOCs NA $39,480,793.52 $39,480,793.52
Total $29,517,582.40 $39,480,793.52 $190,351,935.76
Ending Pool Balance
Home Equity Mortgage Loans - HELs NA NA $73,324,324.28
High LTV Mortgage Loans - HEL125s $29,303,541.27 NA $76,332,606.28
Home Equity Line of Credit- HELOCs NA $38,441,836.92 $38,441,836.92
Total $29,303,541.27 $38,441,836.92 $188,098,767.48
Beginning # of Mortgage Loans
Home Equity Mortgage Loans - HELs NA NA 1877
High LTV Mortgage Loans - HEL125s 878 NA 2217
Home Equity Line of Credit- HELOCs NA 847 847
Total 878 847 4941
Ending # of Mortgage Loans
Home Equity Mortgage Loans - HELs NA NA 1861
High LTV Mortgage Loans - HEL125s 871 NA 2202
Home Equity Line of Credit- HELOCs NA 830 830
Total 871 830 4893
Weighted Average Mortgage Interest Rate 15.090% 12.180% 13.421%
Overcollateralization Summary
Overcollateralization Target Amount $3,275,000.00 $3,740,913.71 $21,225,629.64
Beginning Overcollateralization Amount $274,427.98 $1,343,703.16 $3,952,433.96
Beginning Overcollateralization Deficiency Amount $3,000,572.02 $2,397,210.55 $17,273,195.68
Additional Principal Distribution Amount $128,723.82 $160,278.99 $702,414.98
Ending Overcollateralization Amount $403,151.80 $1,503,982.15 $4,654,848.94
Ending Overcollateralization Deficiency Amount $2,871,848.20 $2,236,931.56 $16,570,780.70
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
Loans Removed from the Trust Group I Group II Group III Group IV Total
Number of Loans $0.00 $0.00 $0.00 $0.00 $0.00
Principal Balance
</TABLE>
<TABLE>
Account Summary
<S> <C> <C>
Prefunding Account Summary Group I Group II
Beginning Account Balance $46,853,167.62 $68,745,889.64
Reinvestment Earnings $205,253.75 $301,161.10
less Subsequent Mortgage Loans Purchased
less Transfers to the Trustee Collection Account
less Transfers to the Capitalized Interest Account $205,253.75 $301,161.10
Ending Account Balance $46,853,167.62 $68,745,889.64
Funding Account Summary Group I
Beginning Account Balance $551,132.88
Principal Collections Deposited $535,247.82
Interest Collections Deposited
Reinvestment Earnings
less Subsequent Mortgage Loans Purchased
less Transfers to the Trustee Collection Account
less Transfers to the Capitalized Interest Account
Ending Account Balance $1,086,380.70
Next Payment Date a Subsequent Transfer Date? No
Associated Expected Subsequent Transfer Balance
Capitalized Interest Account Summary Group I Group II
Beginning Account Balance
Reinvestment Earnings
Transfers from the Prefunding Account $205,253.75 $301,161.10
less Transfers to Transferor $0.00 $0.00
less Capitalized Interest Requirement $301,659.56 $428,447.65
Ending Account Balance
Reserve Account Summary
Zero Balance and No Activity this Period
</TABLE>
<TABLE>
Account Summary continued
<S> <C> <C> <C>
Prefunding Account Summary Group III Group IV Total
Beginning Account Balance $20,001,376.67 $25,994,703.60 $161,595,137.53
Reinvestment Earnings $87,621.77 $113,877.26 $707,913.88
less Subsequent Mortgage Loans Purchased
less Transfers to the Trustee Collection Account
less Transfers to the Capitalized Interest Account $87,621.77 $113,877.26 $707,913.88
Ending Account Balance $20,001,376.67 $25,994,703.60 $161,595,137.53
Funding Account Summary Total
Beginning Account Balance $551,132.88
Principal Collections Deposited $535,247.82
Interest Collections Deposited
Reinvestment Earnings
less Subsequent Mortgage Loans Purchased
less Transfers to the Trustee Collection Account
less Transfers to the Capitalized Interest Account
Ending Account Balance $1,086,380.70
Next Payment Date a Subsequent Transfer Date
Associated Expected Subsequent Transfer Balance
Capitalized Interest Account Summary Group III Group IV Total
Beginning Account Balance $3,440,521.38
Reinvestment Earnings $23,527.32
Transfers from the Prefunding Account $87,621.77 $113,877.26 $707,913.88
less Transfers to Transferor $0.00 $0.00 $0.00
less Capitalized Interest Requirement $128,328.19 $149,512.87 $1,007,948.28
Ending Account Balance $3,164,014.30
Reserve Account Summary
Zero Balance and No Activity this Period
</TABLE>
Delinquency Summary Based on Number of Loans
<TABLE>
Does NOT include REOs & Foreclosures
<S> <C> <C> <C> <C> <C> <C>
30+ Days 60+ Days 90+ Days 120+ Days 150+ Days 180+ Days
Group I
Home Equity Mortgage Loans - HELs 11 1 1 0 NA NA
As a % of Group I Ending # of Loans 0.708% 0.064% 0.064% 0.000%
Group II
Home Equity Mortgage Loans - HELs 2 2 0 0 NA NA
As a % of Ending # Group II of HELs 0.651% 0.651% 0.000% 0.000%
High LTV Mortgage Loans - HEL125s 16 5 7 0 NA NA
As a % of Ending # of Group II HEL125s 1.202% 0.376% 0.526% 0.000%
Total Group II 18 7 7 0
As a % of Total Group II Ending # of Loans 1.099% 0.427% 0.427% 0.000%
Group III
High LTV Mortgage Loans - HEL125 20 4 2 0 NA NA
As a % of Group III Ending # of Loans 2.296% 0.459% 0.230% 0.000%
Group IV
Home Equity Line of Credit- HELOC 12 3 1 0 NA NA
As a % of Group IV Ending # of Loans 1.446% 0.361% 0.120% 0.000%
Grand Total
Home Equity Mortgage Loans - HELs 13 3 1 0 NA NA
As a % of Total Ending # of HELs 0.699% 0.161% 0.054% 0.000%
High LTV Mortgage Loans - HEL125s 36 9 9 0 NA NA
As a % of Total Ending # of HEL125s 1.635% 0.409% 0.409% 0.000%
Home Equity Line of Credit- HELOCs 12 3 1 0 NA NA
As a % of Total Ending # of HELOCs 1.446% 0.361% 0.120% 0.000%
Grand Total 61 15 11 0
As a % of Grand Total Ending # of Loans 1.247% 0.307% 0.225% 0.000%
</TABLE>
<TABLE>
Delinquency summary Based on Number of Loans continued
<S> <C> <C>
REO Foreclosures
Group I
Home Equity Mortgage Loans - HELs 0 0
As a % of Group I Ending # of Loans 0.000% 0.000%
Group II
Home Equity Mortgage Loans - HELs 0 0
As a % of Ending # Group II of HELs 0.000% 0.000%
High LTV Mortgage Loans - HEL125s 0 0
As a % of Ending # of Group II HEL125s 0.000% 0.000%
Total Group II 0 0
As a % of Total Group II Ending # of Loans 0.000% 0.000%
Group III
High LTV Mortgage Loans - HEL125 0 0
As a % of Group III Ending # of Loans 0.000% 0.000%
Group IV
Home Equity Line of Credit- HELOC 0 0
As a % of Group IV Ending # of Loans 0.000% 0.000%
Grand Total
Home Equity Mortgage Loans - HELs 0 0
As a % of Total Ending # of HELs 0.000% 0.000%
High LTV Mortgage Loans - HEL125s 0 0
As a % of Total Ending # of HEL125s 0.000% 0.000%
Home Equity Line of Credit- HELOCs 0 0
As a % of Total Ending # of HELOCs 0.000% 0.000%
Grand Total 0 0
As a % of Grand Total Ending # of Loans
</TABLE>
Delinquency Summary Based on Principal Balance
<TABLE>
Does NOT include REOs and Foreclosures
<S> <C> <C> <C> <C> <C> <C>
Group I 30+ Days 60+ Days 90+ Days 120+ Days 150+ Days 180+ Days
Home Equity Mortgage Loans - HELs $366,615.82 $19,929.59 $27,470.57 $0.00 NA NA
As a % of Group I Ending Pool Balance 0.689% 0.037% 0.052% 0.000%
Group II
Home Equity Mortgage Loans - HELs $125,338.57 $39,954.56 $0.00 $0.00 NA NA
As a % of Group II HEL Ending Pool Balance 0.624% 0.199% 0.000% 0.000%
High LTV Mortgage Loans - HEL125s $428,140.06 $139,420.50 $241,229.87 $0.00 NA NA
As a % of Group II HEL125 Ending Pool Balance 0.910% 0.296% 0.513% 0.000%
Total Group II $553,478.63 $179,375.06 $241,229.87 $0.00
As a % of Group II Ending Pool Balance 0.824% 0.267% 0.359% 0.000%
Group III
High LTV Mortgage Loans - HEL125s $662,836.00 $139,504.34 $35,767.66 0.00 NA NA
As a % of Group III Ending Pool Balance 2.262% 0.476% 0.122% 0.000%
Group IV
Home Equity Line of Credit- HELOCs $614,697.42 $54,500.00 $14,863.96 $0.00 NA NA
As a % of Group IV Ending Pool Balance 1.599% 0.142% 0.039% 0.000%
Grand Total
Home Equity Mortgage Loans - HELs $491,954.39 $59,884.15 $27,470.57 $0.00 NA NA
As a % of Total HEL Ending Pool Balance 0.671% 0.082% 0.037% 0.000%
High LTV Mortgage Loans - HEL125 $1,090,976.06 $278,924.84 $276,997.53 $0.00 NA NA
As a % of Total HEL125 Ending Pool Balance 1.429% 0.365% 0.363% 0.000%
Home Equity Line of Credit- HELOCs $614,697.42 $54,500.00 $14,863.96 $0.00 NA NA
As a % of Total HELOCs Ending Pool Balance 1.599% 0.142% 0.039% 0.000%
Grand Total $2,197,627.89 $393,308.99 $319,332.06 $0.00
As a % of Grand Total Ending Pool Balance 1.168% 0.209% 0.170% 0.000%
</TABLE>
<TABLE>
Delinquency Summary Based on Principal Balance continued
<S> <C> <C>
Group I REO Foreclosures
Home Equity Mortgage Loans - HELs $0.00 $0.00
As a % of Group I Ending Pool Balance 0.000% 0.000%
Group II
Home Equity Mortgage Loans - HELs $0.00 $0.00
As a % of Group II HEL Ending Pool Balance 0.000% 0.000%
High LTV Mortgage Loans - HEL125s $0.00 $0.00
As a % of Group II HEL125 Ending Pool Balance 0.000% 0.000%
Total Group II $0.00 $0.00
As a % of Group II Ending Pool Balance 0.000% 0.000%
Group III
High LTV Mortgage Loans - HEL125s $0.00 $0.00
As a % of Group III Ending Pool Balance 0.000% 0.000%
Group IV
Home Equity Line of Credit- HELOCs $0.00 $0.00
As a % of Group IV Ending Pool Balance 0.000% 0.000%
Grand Total
Home Equity Mortgage Loans - HELs $0.00 $0.00
As a % of Total HEL Ending Pool Balance 0.000% 0.000%
High LTV Mortgage Loans - HEL125
As a % of Total HEL125 Ending Pool Balance
Home Equity Line of Credit- HELOCs $0.00 $0.00
As a % of Total HELOCs Ending Pool Balance 0.000% 0.000%
Grand Total $0.00 $0.00
As a % of Grand Total Ending Pool Balance 0.000% 0.000%
</TABLE>
