American Residential Eagle Certificate Trust Series 1999-2 Certificateholder Distribution Statement (Wells Fargo Bank Minnesota, N.A.)

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Summary

This document summarizes the distribution of payments to holders of mortgage pass-through certificates for the American Residential Eagle Certificate Trust, Series 1999-2, administered by Wells Fargo Bank Minnesota, N.A. It details the interest and principal payments made to certificateholders as of June 30, 2000, including the amounts distributed, outstanding balances, and any realized losses. The report is prepared in accordance with the Pooling and Servicing Agreement and is intended to inform investors of the status and performance of their certificates for the specified period.

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EX-10.1 2 ex10-1.txt EXHIBIT 10.1 1 American Residential Eagle Certificate Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Jun-2000 Securities Administration Services Distribution Date: 25-Jul-2000 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152
ARE Series 1999-2 Certificateholder Distribution Summary
Certificate Certificate Beginning Class Pass-Through Certificate Class CUSIP Description Rate Balance - ------------------------------------------------------------------------ A-1 02926NAB2 SEQ 6.99125% 288,654,159.86 A-2 02926NAC0 SEQ 7.09000% 54,596,804.74 INV_CERT AMINV1992 SEQ 0.00000% 9,915,042.09 -------------- Totals 353,166,006.69 ==============
Current Ending Cumulative Interest Principal Realized Certificate Total Realized Class Distribution Distribution Loss Balance Distribution Losses - ------------------------------------------------------------------------------------------------------- A-1 1,625,654.12 7,005,481.53 0.00 281,648,678.33 8,631,135.65 0.00 A-2 322,576.12 551,471.94 0.00 54,045,332.80 874,048.06 0.00 INV_CERT 0.00 0.00 0.00 10,443,382.06 0.00 0.00 ------------ ------------ ---- -------------- ------------ ---- Totals 1,948,230.24 7,556,953.47 0.00 346,137,393.19 9,505,183.71 0.00 ============ ============ ==== ============== ============ ====
- ------------------ All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. Page 1 2 American Residential Eagle Certificate Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Jun-2000 Securities Administration Services Distribution Date: 25-Jul-2000 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152
ARE Series 1999-2 Principal Distribution Statement
Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class Amount Balance Distribution Distribution - ------------------------------------------------------------------------------------------- A-1 332,350,000.00 288,654,159.86 172,959.71 6,832,521.82 A-2 61,750,000.00 54,596,804.74 54,337.41 497,134.53 INV_CERT 10,223,416.68 9,915,042.09 0.00 0.00 -------------- -------------- ---------- ------------ Totals 404,323,416.68 353,166,006.69 227,297.12 7,329,656.35 -------------- -------------- ---------- ------------
Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Accretion Loss(1) Reduction Balance Percentage Distribution - ------------------------------------------------------------------------------------------------------------------ A-1 0.00 0.00 7,005,481.53 281,648,678.33 0.84744600 7,005,481.53 A-2 0.00 0.00 551,471.94 54,045,332.80 0.87522806 551,471.94 INV_CERT 0.00 0.00 0.00 10,443,382.06 1.02151584 0.00 ---- ---- ------------ -------------- ---------- ------------ Totals 0.00 0.00 7,556,953.47 346,137,393.19 0.85609039 7,556,953.47 ---- ---- ------------ -------------- ---------- ------------
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Descript Page 2 3 American Residential Eagle Certificate Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Jun-2000 Securities Administration Services Distribution Date: 25-Jul-2000 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152
ARE Series 1999-2 Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion - ------------------------------------------------------------------------------------------------------------ A-1 332,350,000.00 868.52462723 0.52041435 20.55821219 0.00000000 A-2 61,750,000.00 884.15878121 0.87995806 8.05076162 0.00000000 INV_CERT 10,223,416.68 0.00000000 0.00000000 0.00000000 0.00000000
Total Ending Ending Total Realized Principal Certificate Certificate Principal Class (2) Loss (3) Reduction Balance Percentage Distribution - -------------------------------------------------------------------------------------------------------- A-1 0.00000000 21.07862654 847.44600069 0.84744600 21.07862654 A-2 0.00000000 8.93071968 875.22806154 0.87522806 8.93071968 INV_CERT 0.00000000 0.00000000 0.00000000 1.02151584 0.00000000
All Denominations are Per 1000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Descript Page 3 4 American Residential Eagle Certificate Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Jun-2000 Securities Administration Services Distribution Date: 25-Jul-2000 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152
ARE Series 1999-2 Interest Distribution Statement
Beginning Original Current Certificate/ Current Payment of Face Certificate Notional Accrued Unpaid Class Amount Rate Balance Interest Interest - ----------------------------------------------------------------------------------------------------- A-1 332,350,000.00 6.99125% 288,654,159.86 1,625,654.12 0.00 A-2 61,750,000.00 7.09000% 54,596,804.74 322,576.12 0.00 INV_CERT 10,223,416.68 0.00000% 9,915,042.09 0.00 0.00 Totals 404,323,416.68 1,948,230.24 0.00
Remaining Ending Current Non-Supported Total Unpaid Certificate/ Interest Interest Realized Interest Interest Notional Class Shortfall Shortfall Loss(4) Distribution Shortfall Balance - ---------------------------------------------------------------------------------------------------------- A-1 0.00 0.00 0.00 1,625,654.12 0.00 281,648,678.33 A-2 0.00 0.00 0.00 322,576.12 0.00 54,045,332.80 INV_CERT 0.00 0.00 0.00 0.00 0.00 10,443,382.06 Totals 0.00 0.00 0.00 1,948,230.24 0.00
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description. Page 4 5 American Residential Eagle Certificate Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Jun-2000 Securities Administration Services Distribution Date: 25-Jul-2000 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152
ARE Series 1999-2 Interest Distribution Factors Statement
Beginning Payment of Original Current Certificate/ Current Unpaid Face Certificate Notional Accrued Interest Class(5) Amount Rate Balance Interest Shortfall - ------------------------------------------------------------------------------------------------------------ A-1 332,350,000.00 6.99125 % 868.52462723 4.89139197 0.00000000 A-2 61,750,000.00 7.09000 % 884.15878121 5.22390478 0.00000000 INV_CERT 10,223,416.68 0.00000 % 0.00000000 0.00000000 0.00000000
Remaining Ending Current Non-Supported Total Unpaid Certificate/ Interest Interest Realized Interest Interest Notional Class(5) Shortfall Shortfall Loss(6) Distribution Shortfall Balance - --------------------------------------------------------------------------------------------------------------------------- A-1 .00000000 0.00000000 0.00000000 4.89139197 0.00000000 847.44600069 A-2 .00000000 0.00000000 0.00000000 5.22390478 0.00000000 875.22806154 INV_CERT .00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
All Denominations are Per 1000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description. Page 5 6 American Residential Eagle Certificate Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Jun-2000 Securities Administration Services Distribution Date: 25-Jul-2000 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152
ARE Series 1999-2 Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage - ------------------------------------------------------------------------------------------------------ FEE 1,200.00000 % 58,704.00 57,395.32 0.00 0.00 85.12626485 %
Page 6 7 American Residential Eagle Certificate Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Jun-2000 Securities Administration Services Distribution Date: 25-Jul-2000 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152
ARE Series 1999-2 Certificateholder Account Statement CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 9,820,672.08 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses (11,447.20) ------------ Total Deposits 9,809,224.88 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 304,041.17 Payment of Interest and Principal 9,505,183.71 ------------ Total Withdrawals (Pool Distribution Amount) 9,809,224.88 Ending Balance 0.00 ============ PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 ------------ Non-Supported Prepayment/Curtailment Interest Shortfall 0.00 ============ SERVICING FEES Gross Servicing Fee 147,152.52 Management Fee 1,000.00 FSA Group 1 Premium 50,514.48 FSA Group 2 Premium 8,189.52 PMI Group 1 Fee 85,749.11 PMI Group 2 Fee 11,435.54 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------ Net Servicing Fee 304,041.17 ============
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ---------------------------------------------------------------------------------------------- Financial Guaranty 0.00 0.00 0.00 0.00 Financial Guaranty 0.00 0.00 0.00 0.00
Page 7 8 American Residential Eagle Certificate Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Jun-2000 Securities Administration Services Distribution Date: 25-Jul-2000 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152
ARE SERIES 1999-2 Certificateholder Delinquency/Credit Enhancement Statement DELINQUENT
No. of Principal Loans Balance 30 Days 66 5,897,787.74 60 Days 7 526,838.80 90 Days 2 177,025.03 120 Days 0 0.00 150 Days 0 0.00 180 Days 0 0.00 ------------ ------------ 75 6,601,651.57
No. of Principal Loans Balance 30 Days 1.978417% 1.702603% 60 Days 0.209832% 0.152091% 90 Days 0.059952% 0.051104% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180 Days 0.000000% 0.000000% -------- -------- 2.248201% 1.905798%
BANKRUPTCY
No. of Principal Loans Balance 30 Days 1 242,722.51 60 Days 2 80,647.18 90 Days 4 324,917.37 120 Days 1 77,396.48 150 Days 2 175,105.12 180 Days 24 1,993,301.29 ------------ ------------ 34 2,894,089.95
No. of Principal Loans Balance 30 Days 0.029976% 0.070070% 60 Days 0.059952% 0.023282% 90 Days 0.119904% 0.093799% 120 Days 0.029976% 0.022343% 150 Days 0.059952% 0.050550% 180 Days 0.719424% 0.575436% -------- -------- 1.019185% 0.835481%
FORECLOSURE
No. of Principal Loans Balance 30 Days 2 103,972.62 60 Days 19 1,521,959.33 90 Days 19 2,217,019.87 120 Days 16 1,738,891.00 150 Days 7 803,484.58 180 Days 56 3,979,945.59 ------------- ------------- 119 10,365,272.99
No. of Principal Loans Balance 30 Days 0.059952% 0.030015% 60 Days 0.569544% 0.439367% 90 Days 0.569544% 0.640021% 120 Days 0.479616% 0.501992% 150 Days 0.209832% 0.231954% 180 Days 1.678657% 1.148951% -------- -------- 3.567146% 2.992300%
REO
No. of Principal Loans Balance 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 1 99,598.79 180 Days 6 418,226.31 ---------- ---------- 7 517,825.10
No. of Principal Loans Balance 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.029976% 0.028753% 180 Days 0.179856% 0.120736% - -------- -------- -------- 0.209832% 0.149488%
TOTAL No. of Principal Loans Balance 30 Days 69 6,244,482.87 60 Days 28 2,129,445.31 90 Days 25 2,718,962.27 120 Days 17 1,816,287.48 150 Days 10 1,078,188.49 180 Days 86 6,391,473.19 ------------- ------------- 235 20,378,839.61
No. of Principal Loans Balance 30 Days 2.068345% 1.802689% 60 Days 0.839329% 0.614739% 90 Days 0.749400% 0.784924% 120 Days 0.509592% 0.524335% 150 Days 0.299760% 0.311257% 180 Days 2.577938% 1.845123% -------- -------- 7.044365% 5.883067%
Delinquencies are stratified according to the information the Servicer has provided. Current Period Realized Loss - Includes Interest Shortfall 0.00 Cumulative Realized Losses - Includes Interest Shortfall 99,587.94 Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
Page 8 9 American Residential Eagle Certificate Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Jun-2000 Securities Administration Services Distribution Date: 25-Jul-2000 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152
ARE SERIES 1999-2 Delinquency Status By Group Group 1 DELINQUENT
No. of Principal Loans Balance 30 Days 49 4,626,197.79 60 Days 4 342,529.02 90 Days 2 177,025.03 120 Days 0 0.00 150 Days 0 0.00 180 Days 0 0.00 ------------ ------------ 55 5,145,751.84
No. of Principal Loans Balance 30 Days 1.860995% 1.589609% 60 Days 0.151918% 0.117697% 90 Days 0.075959% 0.060828% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180 Days 0.000000% 0.000000% -------- -------- 2.088872% 1.768133%
BANKRUPTCY
No. of Principal Loans Balance 30 Days 1 242,722.51 60 Days 0 0.00 90 Days 4 324,917.37 120 Days 1 77,396.48 150 Days 2 175,105.12 180 Days 19 1,652,342.94 ------------ ------------ 27 2,472,484.42
No. of Principal Loans Balance 30 Days 0.037979% 0.083402% 60 Days 0.000000% 0.000000% 90 Days 0.151918% 0.111645% 120 Days 0.037979% 0.026594% 150 Days 0.075959% 0.060168% 180 Days 0.721610% 0.567762% -------- -------- 1.025446% 0.849571%
FORECLOSURE
No. of Principal Loans Balance 30 Days 2 103,972.62 60 Days 15 1,125,641.73 90 Days 16 1,633,579.87 120 Days 13 1,546,209.39 150 Days 5 575,814.41 180 Days 40 3,098,359.45 ------------ ------------ 91 8,083,577.47
No. of Principal Loans Balance 30 Days 0.075959% 0.035726% 60 Days 0.569692% 0.386782% 90 Days 0.607672% 0.561315% 120 Days 0.493733% 0.531294% 150 Days 0.189897% 0.197856% 180 Days 1.519180% 1.064628% -------- -------- 3.456134% 2.777601%
REO
No. of Principal Loans Balance 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 1 99,598.79 180 Days 5 386,762.22 ---------- ---------- 6 486,361.01
No. of Principal Loans Balance 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.037979% 0.034223% 180 Days 0.189897% 0.132895% -------- -------- 0.227877% 0.167119%
TOTAL No. of Principal Loans Balance 30 Days 52 4,972,892.92 60 Days 19 1,468,170.75 90 Days 22 2,135,522.27 120 Days 14 1,623,605.87 150 Days 8 850,518.32 180 Days 64 5,137,464.61 ------------- ------------- 179 16,188,174.74
No. of Principal Loans Balance 30 Days 1.974934% 1.708737% 60 Days 0.721610% 0.504479% 90 Days 0.835549% 0.733788% 120 Days 0.531713% 0.557888% 150 Days 0.303836% 0.292247% 180 Days 2.430687% 1.765286% -------- -------- 6.798329% 5.562424%
Group 2 DELINQUENT
No. of Principal Loans Balance 30 Days 17 1,271,589.95 60 Days 3 184,309.78 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180 Days 0 0.00 ------------ ------------ 20 1,455,899.73
No. of Principal Loans Balance 30 Days 2.418208% 2.296496% 60 Days 0.426743% 0.332864% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180 Days 0.000000% 0.000000% -------- -------- 2.844950% 2.629360%
BANKRUPTCY
No. of Principal Loans Balance 30 Days 0 0.00 60 Days 2 80,647.18 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180 Days 5 340,958.35 - -------- ---------- ---------- 7 421,605.53
No. of Principal Loans Balance 30 Days 0.000000% 0.000000% 60 Days 0.284495% 0.145649% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180 Days 0.711238% 0.615772% -------- -------- 0.995733% 0.761421%
FORECLOSURE
No. of Principal Loans Balance 30 Days 0 0.00 60 Days 4 396,317.60 90 Days 3 583,440.00 120 Days 3 192,681.61 150 Days 2 227,670.17 180 Days 16 881,586.14 ------------ ------------ 28 2,281,695.52
No. of Principal Loans Balance 30 Days 0.000000% 0.000000% 60 Days 0.568990% 0.715751% 90 Days 0.426743% 1.053695% 120 Days 0.426743% 0.347984% 150 Days 0.284495% 0.411173% 180 Days 2.275960% 1.592148% -------- -------- 3.982930% 4.120750%
REO
No. of Principal Loans Balance 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180 Days 1 31,464.09 --------- --------- 1 31,464.09
No. of Principal Loans Balance 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180 Days 0.142248% 0.056824% -------- -------- 0.142248% 0.056824%
TOTAL No. of Principal Loans Balance 30 Days 17 1,271,589.95 60 Days 9 661,274.56 90 Days 3 583,440.00 120 Days 3 192,681.61 150 Days 2 227,670.17 180 Days 22 1,254,008.58 ------------ ------------ 56 4,190,664.87
No. of Principal Loans Balance 30 Days 2.418208% 2.296496% 60 Days 1.280228% 1.194264% 90 Days 0.426743% 1.053695% 120 Days 0.426743% 0.347984% 150 Days 0.284495% 0.411173% 180 Days 3.129445% 2.264744% -------- -------- 7.965861% 7.568356%
Page 9 10 American Residential Eagle Certificate Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Jun-2000 Securities Administration Services Distribution Date: 25-Jul-2000 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152
ARE Series 1999-2
Original $ Original% Current $ Current% Bankruptcy 100,000.00 0.02473268% 100,000.00 0.02889026% Fraud 12,129,702.50 3.00000000% 12,129,702.50 3.50430283% Special Hazard 4,043,234.17 1.00000000% 4,043,234.17 1.16810094%
Limit of Subordinate's Exposure to Certain Types of Losses Page 10 11 American Residential Eagle Certificate Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Jun-2000 Securities Administration Services Distribution Date: 25-Jul-2000 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152
ARE Series 1999-2 COLLATERAL STATEMENT
Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 9.491174% Weighted Average Net Coupon 8.991174% Weighted Average Pass-Through Rate 8.991174% Weighted Average Maturity (Stepdown Calculation) 336 Beginning Scheduled Collateral Loan Count 3,400 Number of Loans Paid in Full 64 Ending Scheduled Collateral Loan Count 3,336 Beginning Scheduled Collateral Balance 353,166,007.04 Ending Scheduled Collateral Balance 346,137,394.11 Ending Actual Collateral Balance at 30-Jun-2000 346,398,211.99 Monthly P&I Constant 3,019,356.26 Ending Scheduled Balance for Premium Loans 346,137,394.11
Page 11 12 American Residential Eagle Certificate Trust Contact: Customer Service - CTSLink Mortgage Pass-Through Certificates Wells Fargo Bank Minnesota, N.A. Record Date: 30-Jun-2000 Securities Administration Services Distribution Date: 25-Jul-2000 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152
ARE Series 1999-2
Group 1 2 Total Collateral Description Mixed ARM Mixed Fixed Weighted Average Coupon Rate 9.462453 9.617385 Weighted Average Net Rate 8.616352 8.871712 Weighted Average Maturity 346.00 282.00 Record Date 06/30/00 06/30/00 Principal And Interest Constant 2,517,349.97 502,006.29 3,019,356.26 Beginning Loan Count 2,689 711 3,400 Loans Paid In Full 56 8 64 Ending Loan Count 2,633 703 3,336 Beginning Scheduled Balance 297,308,551.06 55,857,455.98 353,166,007.04 Ending Scheduled Balance 290,831,410.07 55,305,984.04 346,137,394.11 Scheduled Principal 172,959.71 54,337.41 227,297.12 Unscheduled Principal 6,304,181.28 497,134.53 6,801,315.81 Scheduled Interest 2,344,390.26 447,668.88 2,792,059.14 Servicing Fee 123,878.58 23,273.94 147,152.52 Master Servicing Fee 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 85,749.11 11,435.54 97,184.65 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 2,134,762.57 412,959.40 2,547,721.97 Realized Loss Amount 11,447.20 0.00 11,447.20 Cumulative Realized Loss 99,002.07 585.87 99,587.94 Percentage of Cumulative Losses 0.00 0.00 0.00
1 2 Total Required Overcollateralization Amount 11,377,930.92 1,260,651.24 12,638,582.16 Overcollateralization Increase Amount 0.00 0.00 0.00 Overcollateralization Reduction Amount 0.00 0.00 0.00 Specified Overcollateralization Amount 11,377,930.92 1,260,651.24 12,638,582.16 Overcollateralization Amount 9,182,730.82 1,260,651.24 10,443,382.06 Overcollateralization Deficiency Amount 2,195,200.10 0.00 2,195,200.10 Base Overcollateralization Amount 7,679,044.23 1,260,651.24 8,939,695.47 Extra Principal Distribution Amount 539,787.76 0.00 539,787.76 Excess Cash Amount 457,753.04 82,034.70 539,787.74
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