GreenPoint Home Equity Loan Trust 2001-1 Monthly Payment Date Statement (July 16, 2001)

Contract Categories: Business Operations › Administration Agreements
Summary

This document is a monthly payment statement for the GreenPoint Home Equity Loan Trust 2001-1, involving GreenPoint Mortgage as the seller and master servicer, Deutsche Bank as administrator, and Financial Guaranty Insurance Corporation as the certificate insurer. It details the distribution of principal and interest payments to certificate holders for the July 16, 2001 distribution date, including payment amounts, balances, and collection account activity. The statement provides transparency on the trust's financial activity and obligations to investors for the specified period.

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EX-10.1 2 dex101.txt MONTHLY PAYMENT DATE STATEMENT Exhibit 10.1 CONTACTS - -------------------------------------------------------------------------------- Administrator: Barbara A Campbell Direct Phone No: (714 ###-###-#### Address: Deutsche Bank 1761 E. St. Andrew Place Santa Ana, CA 92705 Web Site: http://www-apps.gis.deutsche-bank.com/invr Factor Information: (800) 735-7777 Main Phone No: (714) 247-6000 - --------------------------------------------------------------------------------
ISSUANCE INFORMATION - ------------------------------------------------------------------------------------------------------------------------------------ Seller: GreenPoint Mortgage Cut-Off Date: February 28, 2001 Certificate Insurer: Financial Guaranty Insurance Corporation Closing Date: April 12, 2001 Servicer(s): GreenPoint Mortgage - Master Servicer First Payment Date: May 15, 2001 Underwriter(s): Lehman Brothers Securities Corporation - Underwriter Distribution Date: July 16, 2001 Record Date: July 13, 2001 - ------------------------------------------------------------------------------------------------------------------------------------
GreenPoint Home Equity Loan Trust 2001-1 Home Equity Loan Asset-Backed Certificates Series 2001-1 Certificate Payment Report for July 16, 2001 Distribution
Distribution in Dollars - Current Period - ------------------------------------------------------------------------------------------------------------------------------------ Prior Current Class Original Principal Total Realized Deferred Principal Class Type Face Value Balance Interest Principal Distribution Losses Interest Balance - ------------------------------------------------------------------------------------------------------------------------------------ (1) (2) (3) (4)=(2)+(3) (5) (6) (7)=(1)-(3) -(5)+(6) - ------------------------------------------------------------------------------------------------------------------------------------ A-1 FLT,STEP 196,178,000.00 188,122,357.67 680,375.86 4,172,445.60 4,852,821.46 - - 183,949,912.07 A-2 FLT,STEP 106,801,000.00 104,807,989.75 379,958.08 3,915,928.16 4,295,886.24 - - 100,892,061.59 R R - - - - - - - - - ------------------------------------------------------------------------------------------------------------------------------------ Total 302,979,000.00 92,930,347.42 1,060,333.94 8,088,373.76 9,148,707.70 - - 284,841,973.66 - ------------------------------------------------------------------------------------------------------------------------------------ Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face - ------------------------------------------------------------------------------------------------------------------------------------ Orig.Principal Prior Current Period Period (with Notional) Principal Total Principal Class Starting Ending Method Cusip Balance Balance Interest Principal Distribution Balance - ------------------------------------------------------------------------------------------------------------------------------------ (1) (2) (3) (4)=(2)+(3) (5) - ------------------------------------------------------------------------------------------------------------------------------------ A-1 06/15/01 07/15/01 A-Act/360 395385AJ6 196,178,000.00 958.937076 3.468156 21.268672 24.736828 937.668404 A-2 06/15/01 07/15/01 A-Act/360 395385AK3 106,801,000.00 981.339030 3.557627 36.665651 40.223277 944.673379 R - - - - - - - - ------------------------------------------------------------------------------------------------------------------------------------ Distribution in Dollars - to Date - ------------------------------------------------------------------------------------------------------------------------------------ Current Original Unscheduled Scheduled Total Total Realized Deferred Principal Class Face Value Interest Principal Principal Principal Distribution Losses Interest Balance - ------------------------------------------------------------------------------------------------------------------------------------ (1) (2) (3) (4) (5)=(3)+(4) (6)=(2)+(5) (7) (8) (9)=(1)-(5)- (7)+(8) - ------------------------------------------------------------------------------------------------------------------------------------ A-1 196,178,000.00 2,344,209.28 11,586,030.14 642,057.80 12,228,087.94 14,572,297.22 - - 183,949,912.07 A-2 106,801,000.00 1,290,271.25 5,566,714.07 342,224.34 5,908,938.41 7,199,209.66 - - 100,892,061.59 R - - - - - - - - - - ------------------------------------------------------------------------------------------------------------------------------------ Total 302,979,000.00 3,634,480.53 17,152,744.21 984,282.14 18,137,026.35 21,771,506.88 - - 284,841,973.66 - ------------------------------------------------------------------------------------------------------------------------------------ Interest Detail - ------------------------------------------------------------------------------------------------------------------------------------ Pass- Prior Principal Non- Prior Unscheduled Paid or Current Through (with Notional) Accrued Supported Unpaid Interest Optimal Deferred Unpaid Class Rate Balance Interest Interest SF Interest Adjustments Interest Interest Interest - ------------------------------------------------------------------------------------------------------------------------------------ (1) (2) (3) (4) (5)=(1)- (6) (7)=(5)-(6) (2)+(3)+(4) - ------------------------------------------------------------------------------------------------------------------------------------ A-1 4.20000% 188,122,357.67 680,375.86 - - - 680,375.86 680,375.86 - A-2 4.21000% 104,807,989.75 379,958.08 - - - 379,958.08 379,958.08 - R - - - - - - - - - ------------------------------------------------------------------------------------------------------------------------------------ Total 292,930,347.42 1,060,333.94 - - - 1,060,333.94 1,060,333.94 - - ------------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- Collection Account Report - --------------------------------------------------------------------------------
SUMMARY POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ Net Principal Collections 3,677,175.64 3,756,214.12 7,433,389.76 TOTAL PRINCIPAL 3,677,175.64 3,756,214.12 7,433,389.76 Interest Collections 873,299.77 1,541,693.37 2,414,993.14 Interest Fees (16,015.55) (29,175.65) (45,191.20) TOTAL INTEREST 857,284.22 1,512,517.72 2,369,801.94 TOTAL AVAILABLE FUNDS 4,534,459.86 5,268,731.84 9,803,191.70 - ------------------------------------------------------------------------------------------------------------------------------------ PRINCIPAL - COLLECTIONS POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ Principal Collections 5,996,020.31 6,856,284.06 12,852,304.37 Repurchases/Substitutions 0.00 0.00 0.00 Liquidations 0.00 0.00 0.00 Insurance Principal 0.00 0.00 0.00 Liquidation Loss Amounts 0.00 0.00 0.00 Additional Balances (2,318,844.67) (3,100,069.94) (5,418,914.61) TOTAL PRINCIPAL COLLECTED 3,677,175.64 3,756,214.12 7,433,389.76 - ------------------------------------------------------------------------------------------------------------------------------------ PRINCIPAL - WITHDRAWALS POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ SPACE INTENTIONALLY LEFT BLANK - ------------------------------------------------------------------------------------------------------------------------------------ PRINCIPAL - OTHER ACCOUNTS POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ SPACE INTENTIONALLY LEFT BLANK - ------------------------------------------------------------------------------------------------------------------------------------ INTEREST - COLLECTIONS POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ Interest Collections 917,227.29 1,620,571.81 2,537,799.10 Repurchases/Substitutions 0.00 0.00 0.00 Liquidations 0.00 0.00 0.00 Insurance 0.00 0.00 0.00 Interest Other Additional Interest 0.00 0.00 0.00 Current Servicing Fee (43,927.52) (78,878.44) (122,805.96) TOTAL INTEREST 873,299.77 1,541,693.37 2,414,993.14 - ------------------------------------------------------------------------------------------------------------------------------------
INTEREST - WITHDRAWALS POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ SPACE INTENTIONALLY LEFT BLANK - ------------------------------------------------------------------------------------------------------------------------------------ INTEREST - OTHER ACCOUNTS POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ SPACE INTENTIONALLY LEFT BLANK - ------------------------------------------------------------------------------------------------------------------------------------ INTEREST - FEES POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ Trustee Fee 702.84 1,262.06 1,964.90 Certificate Insurer Premium 15,133.81 27,592.49 42,726.30 Management Fee 178.90 321.10 500.00 TOTAL INTEREST FEES 16,015.55 29,175.65 45,191.20 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ Credit Enhancement Report - ------------------------------------------------------------------------------------------------------------------------------------ ACCOUNTS POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ Beginning Reserve Fund Balance 1,803,458.29 Curr Period Amounts Dep to Res Fund 654,984.00 Curr Withdrawal from Reserve Fund 0.00 Reserve Fund Balance 2,458,442.29 - ------------------------------------------------------------------------------------------------------------------------------------ INSURANCE POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ Insured Amount 0.00 0.00 0.00 Reimbursements to the Insurer 0.00 0.00 0.00 Cumulative Insurance Payment 0.00 0.00 0.00 Draws on the Policy 0.00 0.00 0.00 Draws on the Demand Note 0.00 0.00 0.00 Interest portion of Guarantee Payment 0.00 0.00 0.00 Principal portion of Guarantee Payment 0.00 0.00 0.00 Guarantee Payment for this date 0.00 0.00 0.00 Cumulative Guaranty Payments 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ STRUCTURAL FEATURES POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ Three Month Average Net Excess Spread Amount 14.4559% 1.8568% Rolling Six-month Pool Delinquency Rate 0.0000% 0.0000% Prior Overcollateralization Amount 618,069.11 1,185,899.17 1,803,968.28 Specified Overcollateralization Amount 2,657,926.29 4,028,876.52 6,686,802.81 Overcollateralization Amount 856,821.63 1,602,130.65 2,458,952.28 Overcollateralization Deficiency Amount 1,801,104.66 2,426,745.87 4,227,850.53 Overcollateralization Deficit 0.00 0.00 0.00 Overcollateralization Reduction Amount 0.00 0.00 0.00 Step-Up Overcollateralization Amount 0.00 4,028,876.52 4,028,876.52 Current Accelerated Principal Payment 238,752.52 416,231.48 654,984.00 Cumulative Accelerated Principal Payment 856,639.23 1,601,803.06 2,458,442.29 - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ Collateral Report - ------------------------------------------------------------------------------------------------------------------------------------ COLLATERAL POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ Loan Count: Original 1191 4428 5619 Prior 1,097 4,154 5,251 Prefunding - - - Scheduled Paid Offs - - - Full Voluntary Prepayments (41) (101) (142) Repurchases - - - Liquidations - - - -------------------------------------------------------------------------------------------------------------------------------- Current 1,056 4,053 5,109 Principal Balance: Original 106,801,182.40 196,178,327.60 302,979,510.00 Prior 105,426,058.86 189,308,256.84 294,734,315.70 Prefunding 2,318,844.67 3,100,069.94 5,418,914.61 Scheduled Principal (109,031.86) (226,195.31) (335,227.17) Partial and Full Voluntary Prepayments (5,886,988.45) (6,630,088.75) (12,517,077.20) Repurchases - - - Liquidations - - - -------------------------------------------------------------------------------------------------------------------------------- Current 101,748,883.22 185,552,042.72 287,300,925.94 - ------------------------------------------------------------------------------------------------------------------------------------ PREFUNDING POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ SPACE INTENTIONALLY LEFT BLANK - ------------------------------------------------------------------------------------------------------------------------------------ CHARACTERISTICS POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ Weighted Average Coupon Original 9.879188% 10.019075% 9.969764% Weighted Average Coupon Prior 10.479307% 10.572115% 10.539263% Weighted Average Coupon Current 10.582822% 10.598763% 10.593061% -------------------------------------------------------------------------------------------------------------------------------- Weighted Average Months to Maturity Original 189 195 193 Weighted Average Months to Maturity Prior 188 194 192 Weighted Average Months to Maturity Current 187 192 190 -------------------------------------------------------------------------------------------------------------------------------- Weighted Avg Remaining Amortization Term Original 196 213 207 Weighted Avg Remaining Amortization Term Prior 194 211 205 Weighted Avg Remaining Amortization Term Current 193 210 204 -------------------------------------------------------------------------------------------------------------------------------- Weighted Average Seasoning Original 2.92 3.09 3.03 Weighted Average Seasoning Prior 3.93 4.07 4.02 Weighted Average Seasoning Current 4.92 5.06 5.01 - ------------------------------------------------------------------------------------------------------------------------------------ Note: Original information refers to deal issue. ARM CHARACTERISTICS POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ Weighted Average Margin Original 293.006% 228.112% Weighted Average Margin Prior 292.855% 228.156% Weighted Average Margin Current 294.074% 229.007% - ------------------------------------------------------------------------------------------------------------------------------------ Weighted Average Max Rate Prior Original 17.033% 14.638% Weighted Average Max Rate Prior 17.056% 14.796% Weighted Average Max Rate Current 17.060% 14.850%
------------------------------------------------------------------------------------------- Weighted Average Min Rate Original 2.930% 2.281% Weighted Average Min Rate Prior 2.929% 2.282% Weighted Average Min Rate Current 2.941% 2.291% ------------------------------------------------------------------------------------------- Weighted Average Cap Up Original Weighted Average Cap Up Prior Weighted Average Cap Up Current ------------------------------------------------------------------------------------------- Weighted Average Cap Down Original Weighted Average Cap Down Prior Weighted Average Cap Down Current - -----------------------------------------------------------------------------------------------
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES POOL II POOL I TOTAL - ----------------------------------------------------------------------------------------------- TOTAL SERVICING FEE 43,927.52 78,878.44 122,805.96 - -----------------------------------------------------------------------------------------------
ADDITIONAL COLLATERAL INFORMATION POOL II POOL I TOTAL - ----------------------------------------------------------------------------------------------- SPACE INTENTIONALLY LEFT BLANK - -----------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- Delinquency Report - Total - --------------------------------------------------------------------------------
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL - ------------------------------------------------------------------------------------------------------------------------------ DELINQUENT Balance 3,075,554.22 338,031.01 - 3,413,585.23 % Balance 1.07% 0.12% 0.00% 1.19% # Loans 51 7 - 58 % # Loans 1.00% 0.14% 0.00% 1.14% - ------------------------------------------------------------------------------------------------------------------------------ FORECLOSURE Balance - - 1,312,639.51 1,045,310.46 2,357,949.97 % Balance 0.00% 0.00% 0.46% 0.36% 0.82% # Loans - - 20 11 31 % # Loans 0.00% 0.00% 0.39% 0.22% 0.61% - ------------------------------------------------------------------------------------------------------------------------------ BANKRUPTCY Balance 128,445.30 - - 140,633.34 269,078.64 % Balance 0.04% 0.00% 0.00% 0.05% 0.09% # Loans 4 - - 1 5 % # Loans 0.08% 0.00% 0.00% 0.02% 0.10% - ------------------------------------------------------------------------------------------------------------------------------ REO Balance - - - - - % Balance 0.00% 0.00% 0.00% 0.00% 0.00% # Loans - - - - - % # Loans 0.00% 0.00% 0.00% 0.00% 0.00% - ------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------ TOTAL Balance 128,445.30 3,075,554.22 1,650,670.52 1,185,943.80 6,040,613.84 % Balance 0.04% 1.07% 0.57% 0.41% 2.10% # Loans 4 51 27 12 94 % # Loans 0.08% 1.00% 0.53% 0.23% 1.84% - ------------------------------------------------------------------------------------------------------------------------------
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+ - -------------------------------------------------------------------------------- Delinquency Report - Pool I Group - --------------------------------------------------------------------------------
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL - ------------------------------------------------------------------------------------------------------------------------------ DELINQUENT Balance 1,897,525.67 338,031.01 - 2,235,556.68 % Balance 1.02% 0.18% 0.00% 1.20% # Loans 42 7 - 49 % # Loans 1.04% 0.17% 0.00% 1.21% - ------------------------------------------------------------------------------------------------------------------------------ FORECLOSURE Balance - - 633,288.21 483,031.66 1,116,319.87 % Balance 0.00% 0.00% 0.34% 0.26% 0.60% # Loans - - 16 9 25 % # Loans 0.00% 0.00% 0.39% 0.22% 0.62% - ------------------------------------------------------------------------------------------------------------------------------ BANKRUPTCY Balance 128,445.30 - - - 128,445.30 % Balance 0.07% 0.00% 0.00% 0.00% 0.07% # Loans 4 - - - 4 % # Loans 0.10% 0.00% 0.00% 0.00% 0.10% - ------------------------------------------------------------------------------------------------------------------------------ REO Balance - - - - - % Balance 0.00% 0.00% 0.00% 0.00% 0.00% # Loans - - - - - % # Loans 0.00% 0.00% 0.00% 0.00% 0.00% - ------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------ TOTAL Balance 128,445.30 1,897,525.67 971,319.22 483,031.66 3,480,321.85 % Balance 0.07% 1.02% 0.52% 0.26% 1.88% # Loans 4 42 23 9 78 % # Loans 0.10% 1.04% 0.57% 0.22% 1.92% - ------------------------------------------------------------------------------------------------------------------------------
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+ - -------------------------------------------------------------------------------- Delinquency Report - Pool II Group - --------------------------------------------------------------------------------
CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL - ------------------------------------------------------------------------------------------------------------------------------- DELINQUENT Balance 1,178,028.55 - - 1,178,028.55 % Balance 1.16% 0.00% 0.00% 1.16% # Loans 9 - - 9 % # Loans 0.85% 0.00% 0.00% 0.85% - ------------------------------------------------------------------------------------------------------------------------------- FORECLOSURE Balance - - 679,351.30 562,278.80 1,241,630.10 % Balance 0.00% 0.00% 0.67% 0.55% 1.22% # Loans - - 4 2 6 % # Loans 0.00% 0.00% 0.38% 0.19% 0.57% - ------------------------------------------------------------------------------------------------------------------------------- BANKRUPTCY Balance - - - 140,633.34 140,633.34 % Balance 0.00% 0.00% 0.00% 0.14% 0.14% # Loans - - - 1 1 % # Loans 0.00% 0.00% 0.00% 0.09% 0.09% - ------------------------------------------------------------------------------------------------------------------------------- REO Balance - - - - - % Balance 0.00% 0.00% 0.00% 0.00% 0.00% # Loans - - - - - % # Loans 0.00% 0.00% 0.00% 0.00% 0.00% - ------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------- TOTAL Balance - 1,178,028.55 679,351.30 702,912.14 2,560,291.99 % Balance 0.00% 1.16% 0.67% 0.69% 2.52% # Loans - 9 4 3 16 % # Loans 0.00% 0.85% 0.38% 0.28% 1.52% - -------------------------------------------------------------------------------------------------------------------------------
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+ - -------------------------------------------------------------------------------- REO Report - Mortgage Loans that Become REO During Current Distribution - --------------------------------------------------------------------------------
SUMMARY LOAN GROUP - ------------------------------------------------------------------------------------------------------------------------------- Total Loan Count = 0 Loan Group 1 = Pool I Group; REO Book Value = 000.00 Total Original Principal Balance = 000.00 Loan Group 2 = Pool II Group; REO Book Value = 000.00 Total Current Balance = 000.00 REO Book Value = 000.00 - -------------------------------------------------------------------------------------------------------------------------------
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.
- ------------------------------------------------------------------------------------------------------------------------------------ Loan Number Original Stated Current State & & Principal Principal Paid to Note LTV at Original Origination Loan Group Balance Balance Date Rate Origination Term Date - ------------------------------------------------------------------------------------------------------------------------------------ SPACE INTENTIONALLY LEFT BLANK - ------------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- Prepayment Report - Voluntary Prepayments - --------------------------------------------------------------------------------
VOLUNTARY PREPAYMENTS POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------ Current Number of Paid in Full Loans 41 101 142 Number of Repurchased Loans - - - -------------------------------------------------------------------------------------------------------------------------- Total Number of Loans Prepaid in Full 41 101 142 Paid in Full Balance 4,039,186.91 5,338,732.24 9,377,919.15 Repurchased Loans Balance - - - Curtailments Amount 1,847,801.54 1,291,356.51 3,139,158.05 -------------------------------------------------------------------------------------------------------------------------- Total Prepayment Amount 5,886,988.45 6,630,088.75 12,517,077.20 Cumulative Number of Paid in Full Loans 135 375 510 Number of Repurchased Loans - - - -------------------------------------------------------------------------------------------------------------------------- Total Number of Loans Prepaid in Full 135 375 510 Paid in Full Balance 12,276,209.60 19,498,722.92 31,774,932.52 Repurchased Loans Balance - - - Curtailments Amount 7,921,139.45 9,330,426.89 17,251,566.34 -------------------------------------------------------------------------------------------------------------------------- Total Prepayment Amount 20,197,349.05 28,829,149.81 49,026,498.86 SPACE INTENTIONALLY LEFT BLANK - ------------------------------------------------------------------------------------------------------------------------------
VOLUNTARY PREPAYMENT RATES POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------ SMM 5.59% 3.51% 4.25% 3 Months Avg SMM 6.37% 4.98% 5.47% 12 Months Avg SMM Avg SMM Since Cut-off 6.37% 4.98% 5.47% CPR 49.85% 34.84% 40.63% 3 Months Avg CPR 54.61% 45.80% 49.08% 12 Months Avg CPR Avg CPR Since Cut-off 54.61% 45.80% 49.08% PSA 5065.29% 3443.68% 4054.88% 3 Months Avg PSA Approximation 6955.88% 5620.15% 6102.38% 12 Months Avg PSA Approximation Avg PSA Since Cut-off Approximation 6955.88% 5620.15% 6102.38% - ------------------------------------------------------------------------------------------------------------------------------
PREPAYMENT CALCULATION METHODOLOGY - -------------------------------------------------------------------------------- Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal) Conditional Prepayment Rate (CPR): 1-((1-SMM) 12) PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS)) Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) *.......*(1-SMMm)] (1/months in period n,m) Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m) 12) Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m)) Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m) Weighted Average Seasoning (WAS) Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases. Dates correspond to distribution dates. - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Realized Loss Report - Collateral - -------------------------------------------------------------------------------- COLLATERAL REALIZED LOSSES POOL II POOL I TOTAL - -------------------------------------------------------------------------------- Current Number of Loans Liquidated - - - Collateral Realized Loss/(Gain) Amount - - - Net Liquidation Proceeds - - - Cumulative Number of Loans Liquidated - - - Collateral Realized Loss/(Gain) Amount - - - Net Liquidation Proceeds - - - Note: Collateral realized losses may include adjustments to loans liquidated in prior periods. Cumulative Losses as % of Original Balance 0.0000% 0.0000% 0.0000% Cumulative Losses as % of Current Balance 0.0000% 0.0000% 0.0000% - -------------------------------------------------------------------------------- DEFAULT SPEEDS POOL II POOL I TOTAL - -------------------------------------------------------------------------------- MDR 0.00% 0.00% 0.00% 3 Months Avg MDR 0.00% 0.00% 0.00% 12 Months Avg MDR Avg MDR Since Cut-off 0.00% 0.00% 0.00% CDR 0.00% 0.00% 0.00% 3 Months Avg CDR 0.00% 0.00% 0.00% 12 Months Avg CDR Avg CDR Since Cut-off 0.00% 0.00% 0.00% SDA 0.00% 0.00% 0.00% 3 Months Avg SDA Approximation 0.00% 0.00% 0.00% 12 Months Avg SDA Approximation Avg SDA Since Cut-off Approximation 0.00% 0.00% 0.00% Loss Severity Approximation for Current Period 3 Months Avg Loss Severity Approximation 12 Months Avg Loss Severity Approximation Avg Loss Severity Approximation Since Cut-off - -------------------------------------------------------------------------------- COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY - -------------------------------------------------------------------------------- Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance) Conditional Default Rate (CDR): 1-((1-MDR) 12) SDA Standard Default Assumption: CDR/IF(WAS#61,MIN(30,WAS)*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60))) Average MDR over period between nth month and mth month (AvgMDRn,m): [(1- MDRn) * (1-MDRn+1) *.......*(1-MDRm)] (1/months in period n,m) Average CDR over period between the nth month and mth month (AvgCDRn,m): 1- ((1-AvgMDRn,m) 12) Average SDA Approximation over period between the nth month and mth month: # denotes less than AvgCDRn,m/IF(Avg WASn,m#61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60))) Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m) Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans) Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m) Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods. Dates correspond to distribution dates. - -------------------------------------------------------------------------------- # denotes less than
- ------------------------------------------------------------------------------------------------------------------------------------ Realized Loss Detail Report - Loans Liquidated During Current Distribution - ------------------------------------------------------------------------------------------------------------------------------------ SUMMARY LOAN GROUP - --------------------------------------------------------- ----------------------------------------------------------- Total Loan Count = 0 Loan Group 1 = Pool I Group Total Original Principal Balance = 0.00 Loan Group 2 = Pool II Group Total Prior Principal Balance = 0.00 Total Realized Loss Amount = 0.00 Total Net Liquidation Proceeds = 0.00 - --------------------------------------------------------- ----------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------------ Loan Number Original Prior Current State & & Loan Principal Principal Realized Note LTV at Original Origination Loan Group Status Balance Balance Loss/(Gain) Rate Origination Term Date - ------------------------------------------------------------------------------------------------------------------------------------ SPACE INTENTIONALLY LEFT BLANK - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ Triggers, Adj. Rate Cert. and Miscellaneous Report - ------------------------------------------------------------------------------------------------------------------------------------ TRIGGER EVENTS POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------ Servicer Event of Default No No No Insurer Default No No No - ------------------------------------------------------------------------------------------------------------------------------ ADJUSTABLE RATE CERTIFICATE INFORMATION POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------ SPACE INTENTIONALLY LEFT BLANK - ------------------------------------------------------------------------------------------------------------------------------ ADDITIONAL INFORMATION POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------ Detail Delinq. Breakdown to Supplement pages 11-13 Number of Mort. Loans Delinq. 90 -119 days - - - Balance of Mort. Loans Delinq. 90 -119 days 0.00 0.00 0.00 Number of Mort. Loans Delinq. 120 -149 days - - - Balance of Mort. Loans Delinq. 120 -149 days 0.00 0.00 0.00 Number of Mort. Loans Delinq. 150 -179 days - - - Balance of Mort. Loans Delinq. 150 -179 days 0.00 0.00 0.00 Number of Mort. Loans Delinq. 180 days or more - - - Balance of Mort. Loans Delinq. 180 days or more 0.00 0.00 0.00 Count of ALL Loans 180 day plus bucket - - - Balance of ALL Loans 180 day plus bucket 0.00 0.00 0.00 Management Fee Accrued and Unpaid 536.69 963.31 1,500.00 - ------------------------------------------------------------------------------------------------------------------------------------