GreenPoint Home Equity Loan Trust 2000-1 Monthly Certificate Payment Statement (August 15, 2000)

Contract Categories: Business Operations › Administration Agreements
Summary

This document is a monthly payment statement for the GreenPoint Home Equity Loan Trust 2000-1, detailing the distribution of payments to holders of asset-backed securities for the period ending August 15, 2000. The statement lists the parties involved, including GreenPoint Mortgage as the seller and servicer, Deutsche Bank as administrator, and AMBAC Assurance Corporation as insurer. It provides a breakdown of principal and interest payments, outstanding balances, and collection account activity for the trust's securities. The report is informational and does not impose new obligations or terms on the parties.

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EX-10.1 2 0002.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: May 31, 2000 Certificate Insurer: AMBAC Assurance Corporation Closing Date: June 29, 2000 Servicer(s): Greenpoint Mortgage - Master Servicer First Payment Date: July 17, 2000 Underwriter(s): Greenwich Capital Markets, Inc. - Underwriter Distribution Date: August 15, 2000 Record Date: August 14, 2000 July 31, 2000 - ------------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- GreenPoint Home Equity Loan Trust 2000-1 Home Equity Loan Asset-Backed Securities Series 2000-1 Certificate Payment Report for August 15, 2000 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 244,172,000.00 242,337,863.36 1,318,932.24 3,783,240.31 5,102,172.55 - - 238,554,623.05 A-2 FLT,STEP 108,598,000.00 105,901,917.63 586,612.05 3,786,778.69 4,373,390.74 - - 102,115,138.94 R - - - - - - - - - ----------------------------------------------------------------------------------------------------------------------------------- Total 352,770,000.00 348,239,780.99 1,905,544.29 7,570,019.00 9,475,563.29 - - 340,669,761.99 - ------------------------------------------------------------------------------------------------------------------------------------
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 A-Act/360 3133TPCHO 244,172,000.00 992.488342 5.401652 15.494161 20.895813 976.994181 A-2 A-Act/360 395385AC1 108,598,000.00 975.173738 5.401684 34.869691 40.271375 940.304047 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-1 244,172,000.00 2,149,574.86 4,751,345.76 866,031.19 5,617,376.95 7,766,951.81 - - 238,554,623.05 A-2 108,598,000.00 962,564.75 6,148,217.88 334,643.18 6,482,861.06 7,445,425.81 - - 102,115,138.94 - - - - - - - - - - ------------------------------------------------------------------------------------------------------------------------------------ Total 352,770,000.00 3,112,139.61 10,899,563.64 1,200,674.37 12,100,238.01 15,212,377.62 - - 340,669,761.99 - ------------------------------------------------------------------------------------------------------------------------------------
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 6.75625% 242,337,863.36 1,318,932.24 - - - 1,318,932.24 1,318,932.24 - A-2 6.87625% 105,901,917.63 586,612.05 - - - 586,612.05 586,612.05 - R - - - - - - - - - ------------------------------------------------------------------------------------------------------------------------------------ Total 348,239,780.99 1,905,544.29 - - - 1,905,544.29 1,905,544.29 - - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------- Collection Account Report - ------------------------------------------------------------------------------- SUMMARY POOL II POOL I TOTAL - ------------------------------------------------------------------------------- Net Principal Collections 3,597,950.71 3,343,586.90 6,941,537.61 TOTAL PRINCIPAL 3,597,950.71 3,343,586.90 6,941,537.61 Interest Collections 791,718.90 1,805,934.81 2,597,653.71 Interest Fees (16,278.87) (47,349.16) 63,628.03) TOTAL INTEREST 775,440.03 1,758,585.65 2,534,025.68 TOTAL AVAILABLE FUNDS 4,373,390.74 5,102,172.55 9,475,563.29 - ------------------------------------------------------------------------------- PRINCIPAL - COLLECTIONS POOL II POOL I TOTAL - ------------------------------------------------------------------------------- Principal Collections 6,774,741.94 8,800,569.22 15,575,311.16 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 (3,176,791.23) (5,456,982.32) (8,633,773.55) TOTAL PRINCIPAL COLLECTED 3,597,950.71 3,343,586.90 6,941,537.61 - ------------------------------------------------------------------------------- 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 842,557.30 1,924,978.10 2,767,535.40 Repurchases/Substitutions 0.00 0.00 0.00 Liquidations 0.00 0.00 0.00 Insurance Interest 0.00 0.00 0.00 Other Additional Interest 0.00 0.00 0.00 Current Servicing Fee (50,838.40) (119,043.29) (169,881.69) TOTAL INTEREST 791,718.90 1,805,934.81 2,597,653.71 - ------------------------------------------------------------------------------- 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 834.84 1,910.81 2,745.65 Certificate Insurer Premium 15,444.03 35,340.94 50,784.97 Guarantee Fee 0.00 10,097.41 10,097.41 Management Fee 0.00 0.00 0.00 TOTAL INTEREST FEES 16,278.87 47,349.16 63,628.03 - ------------------------------------------------------------------------------- Servicing Fee includes an increase to adjust for an understatement in the preceding period related POOL I and POOL II of $18,474.46 and $6,899.24, repectively.
- ---------------------------------------------------------------------------------------------------------- Credit Enhancement Report - ---------------------------------------------------------------------------------------------------------- ACCOUNTS POOL II POOL I TOTAL - ---------------------------------------------------------------------------------------------------------- Beginning Reserve Fund Balance 0.00 0.00 0.00 Curr Period Amounts Dep to Res Fund 0.00 0.00 0.00 Curr Withdrawal from Reserve Fund 0.00 0.00 0.00 Reserve Fund Balance 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------- 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 - ---------------------------------------------------------------------------------------------------------- Current Delinquency Percentage 0.0000% 0.0000% 0.0000% Rolling Delinquency Percentage 0.0000% 0.0000% 0.0000% Prior Overcollateralization Amount 0.00 0.00 0.00 Specified Overcollateralization Amount 2,425,281.26 5,452,977.96 7,878,259.22 Overcollateralization Amount 0.00 0.00 0.00 Overcollateralization Deficiency Amount 2,425,281.26 5,452,977.96 7,878,259.22 Overcollateralization Deficit 0.00 0.00 0.00 Overcollateralization Reduction Amount 0.00 0.00 0.00 Step-Up Overcollateralization Amount 5,389,513.91 12,117,728.81 17,507,242.71 - ----------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------- Collateral Report - ----------------------------------------------------------------------------------------------------------------- COLLATERAL POOL II POOL I TOTAL - ----------------------------------------------------------------------------------------------------------------- Loan Count: Original 1258 5996 7254 Prior 1,225 5,904 7,129 Refunding 1 - 1 Scheduled Paid Offs - - - Full Voluntary Prepayments (37) (104) (141) Repurchases - - - Liquidations - - - ------------------------------------------------------------------------------------------------------------- Current 1,189 5,800 6,989 Principal Balance: Original 107,790,278.12 242,354,576.15 350,144,854.27 Prior 105,453,988.57 241,365,190.49 346,818,179.06 Prefunding 3,176,791.23 5,456,982.32 8,633,773.55 Scheduled Principal (164,226.56) (408,792.65) (573,019.95) Partial and Full Voluntary Prepayments (6,610,515.38) (8,391,776.57) (15,002,291.95 Repurchases - - - - ----------------------------------------------------------------------------------------------------------------- Liquidations - - - Current 101,856,037.86 238,021,603.59 339,877,641.45 - ----------------------------------------------------------------------------------------------------------------- PREFUNDING POOL II POOL I - ----------------------------------------------------------------------------------------------------------------- SPACE INTENTIONALLY LEFT BLANK - ----------------------------------------------------------------------------------------------------------------- CHARACTERISTICS POOL II POOL I TOTAL - ----------------------------------------------------------------------------------------------------------------- Weighted Average Coupon Original 9.377874% 9.394264% 9.389218% Weighted Average Coupon Prior 9.377874% 9.394264% 9.389218% Weighted Average Coupon Current 9.981996% 10.224505% 10,150767% ------------------------------------------------------------------------------------------------------------- Weighted Average Months to Maturity Original 200 204 203 Weighted Average Months to Maturity Prior 200 204 203 Weighted Average Months to Maturity Current 200 203 202 ------------------------------------------------------------------------------------------------------------- Weighted Avg Remaining Amortization Term Original 208 205 206 Weighted Avg Remaining Amortization Term Prior 208 205 206 Weighted Avg Remaining Amortization Term Current 207 204 205 ------------------------------------------------------------------------------------------------------------- Weighted Average Seasoning Original 2.71 2.76 2.74 Weighted Average Seasoning Prior 2.71 2.76 2.74 Weighted Average Seasoning Current 3.71 3.74 3.73 - ----------------------------------------------------------------------------------------------------------------- Note: Original information refers to deal issue.
ARM CHARACTERISTICS POOL II POOL I TOTAL - ---------------------------------------------------------------------------- Weighted Average Margin Original 2.380 2.530% Weighted Average Margin Prior 2.380 2.530% Weighted Average Margin Current 2.401% 2.514% ------------------------------------------------------------------------ Weighted Average Max Rate Original 17.181 17.075% Weighted Average Max Rate Prior 17.181% 17.075% Weighted Average Max Rate Current 17.174 17.083% ------------------------------------------------------------------------ Weighted Average Min Rate Original 3.686 3.918% Weighted Average Min Rate Prior 3.686 3.918% Weighted Average Min Rate Current 3.722% 3.889% ------------------------------------------------------------------------ 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 50,838.40 119,043.29 169,881.69 - ---------------------------------------------------------------------------- Servicing Fee includes an increase to adjust for an understatement in the preceding period related POOL I and POOL II of $18,474.46 and $6,899.24, respectively. 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 5,184,301.91 1,968,634.63 - 7,152,936.54 % Balance 1.53% 0.58% 0.00% 2.10% # Loans 117 37 - 154 % # Loans 1.67% 0.53% 0.00% 2.20% - ---------------------------------------------------------------------------------------------------------------------------------- FORECLOSURE Balance - - - - - % Balance 0.00% 0.00% 0.00% 0.00% 0.00% # Loans - - - - - % # Loans 0.00% 0.00% 0.00% 0.00% 0.00% - ---------------------------------------------------------------------------------------------------------------------------------- BANKRUPTCY Balance 131,171.41 - - - 131,171.41 % Balance 0.04% 0.00% 0.00% 0.00% 0.04% # Loans 5 - - - 5 % # Loans 0.07% 0.00% 0.00% 0.00% 0.07% - ---------------------------------------------------------------------------------------------------------------------------------- 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 131,171.41 5,184,301.91 1,968,634.63 - 7,284,107.95 % Balance 0.04% 1.53% 0.58% 0.00% 2.14% # Loans 5 117 37 - 159 % # Loans 0.07% 1.67% 0.53% 0.00% 2.28% - ---------------------------------------------------------------------------------------------------------------------------------- Note: Current = 0-30days, 1 Payment =31-60days, 2 Payments = 61-90days, 3+ Payments = 91+ - ---------------------------------------------------------------------------------------------------------------------------------- Delinquency Report - Pool I Group - ---------------------------------------------------------------------------------------------------------------------------------- CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL - ---------------------------------------------------------------------------------------------------------------------------------- DELINQUENT Balance 3,722,531.95 1,096,113.67 - 4,818,645.62 % Balance 1.56% 0.46% 0.00% 2.02% # Loans 97 27 - 124 % # Loans 1.67% 0.47% 0.00% 2.14% - ---------------------------------------------------------------------------------------------------------------------------------- FORECLOSURE Balance - - - - - % Balance 0.00% 0.00% 0.00% 0.00% 0.00% # Loans - - - - - % # Loans 0.00% 0.00% 0.00% 0.00% 0.00% - ---------------------------------------------------------------------------------------------------------------------------------- BANKRUPTCY Balance 121,295.41 - - - 121,295.41 % Balance 0.05% 0.00% 0.00% 0.00% 0.05% # Loans 4 - - - 4 % # Loans 0.07% 0.00% 0.00% 0.00% 0.07% - ---------------------------------------------------------------------------------------------------------------------------------- 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 121,295.41 3,722,531.95 1,096,113.67 - 4,939,941.03 % Balance 0.05% 1.56% 0.46% 0.00% 2.08% # Loans 4 97 27 - 128 % # Loans 0.07% 1.67% 0.47% 0.00% 2.21% - ---------------------------------------------------------------------------------------------------------------------------------- Note: Current = 0-30days, 1 Payment =31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
- ---------------------------------------------------------------------------------------------------------------------------------- Delinquency Report - Pool II Group - ---------------------------------------------------------------------------------------------------------------------------------- CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL - ---------------------------------------------------------------------------------------------------------------------------------- DELINQUENT Balance 1,461,769.96 872,520.96 - 2,334,290.92 % Balance 1.44% 0.86% 0.00% 2.29% # Loans 20 10 - 30 % # Loans 1.68% 0.84% 0.00% 2.52% - ---------------------------------------------------------------------------------------------------------------------------------- FORECLOSURE Balance - - - - - % Balance 0.00% 0.00% 0.00% 0.00% 0.00% # Loans - - - - - % # Loans 0.00% 0.00% 0.00% 0.00% 0.00% - ---------------------------------------------------------------------------------------------------------------------------------- BANKRUPTCY Balance 9,876.00 - - - 9,876.00 % Balance 0.01% 0.00% 0.00% 0.00% 0.01% # Loans 1 - - - 1 % # Loans 0.08% 0.00% 0.00% 0.00% 0.08% - ---------------------------------------------------------------------------------------------------------------------------------- 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 9,876.00 1,461,769.96 872,520.96 - 2,344,166.92 % Balance 0.01% 1.44% 0.86% 0.00% 2.30% # Loans 1 20 10 - 31 % # Loans 0.08% 1.68% 0.84% 0.00% 2.61% - ---------------------------------------------------------------------------------------------------------------------------------- Note: Current = 0-30days, 1 Payment =31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
- ---------------------------------------------------------------------------------------------------------------------------------- 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 37 104 141 Number of Repurchased Loans - - - ------------------------------------------------------------------------------------------------------------- Total Number of Loans Prepaid in Full 37 104 141 Paid in Full Balance 3,791,190.87 5,251,437.79 9,042,628.66 Repurchased Loans Balance - - - Curtailments Amount 2,819,324.51 3,140,338.78 5,959,663.29 ------------------------------------------------------------------------------------------------------------- Total Prepayment Amount 6,610,515.38 8,391,776.57 15,002,291.95 Cumulative Number of Paid in Full Loans 70 196 266 Number of Repurchased Loans - - - ------------------------------------------------------------------------------------------------------------- Total Number of Loans Prepaid in Full 70 196 266 Paid in Full Balance 7,305,903.21 9,701,473.27 17,007,376.48 Repurchased Loans Balance - - - Curtailments Amount 5,699,931.77 6,770,302.93 12,470,234.70 ------------------------------------------------------------------------------------------------------------- Total Prepayment Amount 13,005,834.98 16,471,776.20 29,477,611.18 - --------------------------------------------------------------------------------------------------------------- VOLUNTARY PREPAYMENT RATES POOL II POOL I TOTAL - --------------------------------------------------------------------------------------------------------------- SMM 6.28% 3.48% 4.33% 3 Months Avg SMM 12 Months Avg SMM Avg SMM Since Cut-off 6.11% 3.41% 4.24% CPR 54.07% 34.65% 41.23% 3 Months Avg CPR 12 Months Avg CPR Avg CPR Since Cut-off 53.08% 34.07% 40.52% PSA 7277.84% 4628.20% 5519.99% 3 Months Avg PSA Approximation 12 Months Avg PSA Approximation Avg PSA Since Cut-off Approximation 8257.22% 5242.13% 6256.00% - ---------------------------------------------------------------------------------------------------------------
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 POOL II POOL I TOTAL LOSSES - -------------------------------------------------------------------------------- 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% - ------------------------------------------------------------------------------- DEFAULT SPEEDS POOL II POOL I TOTAL - ------------------------------------------------------------------------------- MDR 0.00% 0.00% 0.00% 3 Months Avg MDR 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 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 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: 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. - --------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------- 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 Management Fee Accrued and Unpaid 307.84 692.16 1,000.00 - ---------------------------------------------------------------------------------------------------------------------