GreenPoint Home Equity Loan Trust 2000-1 Monthly Certificate Payment Report (March 15, 2001)

Summary

This report details the monthly payment distributions for the GreenPoint Home Equity Loan Trust 2000-1, which issues home equity loan asset-backed securities. The parties involved include GreenPoint Mortgage as the seller and master servicer, Deutsche Bank as administrator, and AMBAC Assurance Corporation as the certificate insurer. The document outlines principal and interest payments made to certificate holders, the collection and allocation of funds, and the current balances for each class of securities as of March 15, 2001.

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EX-10.1 2 0002.txt MONTHLY PAYMENT DATE SCHEDULE 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: March 15, 2001 Record Date: March 14, 2001 February 28, 2001 - -------------------------------------------------------------------------------------------------------------------
GreenPoint Home Equity Loan Trust 2000-1 Home Equity Loan Asset-Backed Securities Series 2000-1 Certificate Payment Report for March 15, 2001 Distribution
Distribution in Dollars - Current Period - ------------------------------------------------------------------------------------------------------------------------------------ Class Class Original Prior Interest Principal Total Realized Deferred Current Type Face Value Principal Distribution Losses Interest Principal Balance Balance - ------------------------------------------------------------------------------------------------------------------------------------ (1) (2) (3) (4)=(2)+(3) (5) (6) (7)=(1)-(3)-(5)+(6) - ------------------------------------------------------------------------------------------------------------------------------------ A-1 FLT,STEP 244,172,000.00 203,640,157.68 902,606.72 8,153,296.55 9,055,903.27 - - 195,486,861.13 A-2 FLT,STEP 108,598,000.00 84,031,486.97 380,300.83 2,717,003.82 3,097,304.65 - - 81,314,483.15 R - - - - - - - - - ------------------------------------------------------------------------------------------------------------------------------------ Total 352,770,000.00 287,671,644.65 1,282,907.55 10,870,300.37 12,153,207.92 - - 276,801,344.28 - ------------------------------------------------------------------------------------------------------------------------------------
Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face - ------------------------------------------------------------------------------------------------------------------------------------ Class Period Period Method Cusip Orig. Principal Prior Interest Principal Total Current Starting Ending (with Notional) Principal Distribution Principal Balance Balance Balance - ------------------------------------------------------------------------------------------------------------------------------------ (1) (2) (3) (4)=(2)+(3) (5) - ------------------------------------------------------------------------------------------------------------------------------------ A-1 02/15/01 03/14/01 A-Act/360 3133TPCH0 244,172,000.00 834.002906 3.696602 33.391611 37.088214 800.611295 A-2 02/15/01 03/14/01 A-Act/360 395385AC1 108,598,000.00 773.784848 3.501914 25.018912 28.520826 748.765936 R - - - - - - - - ------------------------------------------------------------------------------------------------------------------------------------
Distribution in Dollars - to Date - ------------------------------------------------------------------------------------------------------------------------------------ Class Original Current Face Unscheduled Scheduled Total Total Realized Deferred Principal 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 10,724,715.79 46,757,283.33 1,927,855.54 48,685,138.87 59,409,854.66 - - 195,486,861.13 A-2 108,598,000.00 4,589,513.77 26,563,646.04 719,870.81 27,283,516.85 31,873,030.62 - - 81,314,483.15 R - - - - - - - - - - ------------------------------------------------------------------------------------------------------------------------------------ Total 352,770,000.00 15,314,229.56 73,320,929.37 2,647,726.35 75,968,655.72 91,282,885.28 - - 276,801,344.28 - ------------------------------------------------------------------------------------------------------------------------------------
Interest Detail - ------------------------------------------------------------------------------------------------------------------------------------ Class Pass- Prior Principal Accrued Non- Prior Unscheduled Optimal Paid or Current Through (with Notional) Interest Supported Unpaid Interest Interest Deferred Unpaid Rate Balance Interest Interest Adjustments Interest Interest SF - ------------------------------------------------------------------------------------------------------------------------------------ (1) (2) (3) (4) (5)=(1)- (6) (7)=(5)-(6) (2)+(3)+(4) - ------------------------------------------------------------------------------------------------------------------------------------ A-1 5.69875% 203,640,157.68 902,606.72 - - - 902,606.72 902,606.72 - A-2 5.81875% 84,031,486.97 380,300.83 - - - 380,300.83 380,300.83 - R - - - - - - - - - ------------------------------------------------------------------------------------------------------------------------------------ Total 287,671,644.65 1,282,907.55 - - - 1,282,907.55 1,282,907.55 - - ------------------------------------------------------------------------------------------------------------------------------------
Collection Account Report
SUMMARY POOL II POOL I TOTAL - --------------------------------------------------------------------------- Net Principal Collections 2,242,366.59 6,987,565.23 9,229,931.82 TOTAL PRINCIPAL 2,242,366.59 6,987,565.23 9,229,931.82 Interest Collections 867,872.09 2,108,169.15 2,976,041.24 Interest Fees (12,934.03) (39,831.11) (52,765.14) TOTAL INTEREST 854,938.06 2,068,338.04 2,923,276.10 TOTAL AVAILABLE FUNDS 3,097,304.65 9,055,903.27 12,153,207.92 - ---------------------------------------------------------------------------
PRINCIPAL - COLLECTIONS POOL II POOL I TOTAL - --------------------------------------------------------------------------- Principal Collections 3,815,787.60 9,294,837.63 13,110,625.23 Repurchases/Substitutions 0.00 0.00 0.00 Liquidations 0.00 236,855.36 236,855.36 Insurance Principal 0.00 0.00 0.00 Liquidation Loss Amounts 0.00 (189,546.53) (189,546.53) Additional Balances (1,573,421.01) (2,354,581.23) (3,928,002.24) TOTAL PRINCIPAL COLLECTED 2,242,366.59 6,987,565.23 9,229,931.82 - ---------------------------------------------------------------------------
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 903,632.06 2,192,310.32 3,095,942.38 Repurchases/Substitutions 0.00 0.00 0.00 Liquidations 0.00 2,626.31 2,626.31 Insurance Interest 0.00 0.00 0.00 Other Additional Interest 0.00 0.00 0.00 Current Servicing Fee (35,759.97) (86,767.48) (122,527.45) TOTAL INTEREST 867,872.09 2,108,169.15 2,976,041.24 - ---------------------------------------------------------------------------
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 679.44 1,648.58 2,328.02 Certificate Insurer Premium 12,254.59 29,697.52 41,952.11 Guarantee Fee 0.00 8,485.01 8,485.01 Management Fee 0.00 0.00 0.00 TOTAL INTEREST FEES 12,934.03 39,831.11 52,765.14 - ---------------------------------------------------------------------------
- ------------------------------------------------------------------------------- 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 TOTAL - --------------------------------------------------------------------------------------- Pool Delinquency Rate 1.6046% 0.8172% Rolling Six-month Pool Delinquency Rate 5.1187% 0.5799% Prior Overcollateralization Amount 1,792,436.42 4,601,803.21 6,394,239.63 Specified Overcollateralization Amount 3,487,558.75 6,015,163.13 9,502,721.89 Overcollateralization Amount 1,792,436.42 4,412,256.68 6,204,693.10 Overcollateralization Deficiency Amount 1,695,122.33 1,602,906.45 3,298,028.78 Overcollateralization Deficit 0.00 0.00 0.00 Overcollateralization Reduction Amount 0.00 0.00 0.00 Step-Up Overcollateralization Amount 0.00 0.00 0.00 Current Accelerated Principal Payment 474,637.23 1,165,731.32 1,640,368.55 Cumulative Accelerated Principal Payment 3,074,795.53 7,644,611.35 10,719,406.88 - ---------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- Collateral Report - --------------------------------------------------------------------------------
COLLATERAL POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------- Loan Count: Original 1258 5996 7254 Prior 997 5,039 6,036 Prefunding - - - Scheduled Paid Offs - - - Full Voluntary Prepayments (25) (177) (202) Repurchases - - - Liquidations - (4) (4) - ------------------------------------------------------------------------------------------- Current 972 4,858 5,830 Principal Balance: Original 107,790,278.12 242,354,576.15 350,144,854.27 Prior 85,823,923.39 208,241,960.89 294,065,884.28 Prefunding - - - Scheduled Principal (33,261.88) (99,144.97) (132,406.85) Partial and Full Voluntary Prepayments (3,782,525.72) (9,195,692.66) (12,978,218.38) Repurchases - - - - ------------------------------------------------------------------------------------------- Liquidations - (236,855.36) (236,855.36) Current 83,581,556.80 201,064,849.13 284,646,405.93 - -------------------------------------------------------------------------------------------
PREFUNDING POOL II POOL I TOTAL - ------------------------------------------------------------------------------- SPACE INTENTIONALLY LEFT BLANK - -------------------------------------------------------------------------------
CHARACTERISTICS POOL II POOL I TOTAL - ---------------------------------------------------------------------------------------- Weighted Average Coupon Original 9.377874% 9.394264% 9.389218% Weighted Average Coupon Prior 11.837660% 12.133290% 12.047208% Weighted Average Coupon Current 12.007440% 12.039820% 12.030370% - ---------------------------------------------------------------------------------------- Weighted Average Months to Maturity Original 200 204 203 Weighted Average Months to Maturity Prior 195 198 197 Weighted Average Months to Maturity Current 193 197 196 - ---------------------------------------------------------------------------------------- Weighted Avg Remaining Amortization Term Original 208 205 206 Weighted Avg Remaining Amortization Term Prior 201 199 200 Weighted Avg Remaining Amortization Term Current 200 198 199 - ---------------------------------------------------------------------------------------- Weighted Average Seasoning Original 2.71 2.76 2.74 Weighted Average Seasoning Prior 9.62 9.69 9.67 Weighted Average Seasoning Current 10.65 10.67 10.66 - ---------------------------------------------------------------------------------------- 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 2.336% 2.420% Weighted Average Margin Current 2.315% 2.399% - ---------------------------------------------------------------------------------------- Weighted Average Max Rate Original 17.181% 17.075% Weighted Average Max Rate Prior 17.152% 17.062%
Weighted Average Max Rate Current 17.156% 17.054% Weighted Average Min Rate Original 3.686% 3.918% - ---------------------------------------------------------------------------------------- Weighted Average Min Rate Prior 3.676% 3.827% Weighted Average Min Rate Current 3.658% 3.817% - ---------------------------------------------------------------------------------------- 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 35,759.97 86,767.48 122,527.45 - -------------------------------------------------------------------------------- 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 3,337,662.37 639,383.91 42,736.86 4,019,783.14 % Balance 1.17% 0.22% 0.02% 1.41% # Loans 66 16 1 83 % # Loans 1.13% 0.27% 0.02% 1.42% - ------------------------------------------------------------------------------------------------ FORECLOSURE Balance 138,950.09 - - 1,851,551.23 1,990,501.32 % Balance 0.05% 0.00% 0.00% 0.65% 0.70% # Loans 2 - - 22 24 % # Loans 0.03% 0.00% 0.00% 0.38% 0.41% - ------------------------------------------------------------------------------------------------ BANKRUPTCY Balance 473,058.13 - 27,509.18 284,165.95 784,733.26 % Balance 0.17% 0.00% 0.01% 0.10% 0.28% # Loans 11 - 1 7 19 % # Loans 0.19% 0.00% 0.02% 0.12% 0.33% - ------------------------------------------------------------------------------------------------ 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 612,008.22 3,337,662.37 666,893.09 2,178,454.04 6,795,017.72 % Balance 0.22% 1.17% 0.23% 0.77% 2.39% # Loans 13 66 17 30 126 % # Loans 0.22% 1.13% 0.29% 0.51% 2.16% - ------------------------------------------------------------------------------------------------ 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 2,665,487.21 639,383.91 42,736.86 3,347,607.98 % Balance 1.33% 0.32% 0.02% 1.66% # Loans 60 16 1 77 % # Loans 1.24% 0.33% 0.02% 1.59% - -------------------------------------------------------------------------------------------- FORECLOSURE Balance 138,950.09 - - 510,413.16 649,363.25 % Balance 0.07% 0.00% 0.00% 0.25% 0.32% # Loans 2 - - 13 15 % # Loans 0.04% 0.00% 0.00% 0.27% 0.31% - -------------------------------------------------------------------------------------------- BANKRUPTCY Balance 463,133.17 - 27,509.18 284,165.95 774,808.30 % Balance 0.23% 0.00% 0.01% 0.14% 0.39% # Loans 10 - 1 7 18 % # Loans 0.21% 0.00% 0.02% 0.14% 0.37% - -------------------------------------------------------------------------------------------- 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 602,083.26 2,665,487.21 666,893.09 837,315.97 4,771,779.53 % Balance 0.30% 1.33% 0.33% 0.42% 2.37% # Loans 12 60 17 21 110 % # Loans 0.25% 1.24% 0.35% 0.43% 2.26% - --------------------------------------------------------------------------------------------
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 672,175.16 - - 672,175.16 % Balance 0.80% 0.00% 0.00% 0.80% # Loans 6 - - 6 % # Loans 0.62% 0.00% 0.00% 0.62% - ----------------------------------------------------------------------------------------- FORECLOSURE Balance - - - 1,341,138.07 1,341,138.07 % Balance 0.00% 0.00% 0.00% 1.60% 1.60% # Loans - - - 9 9 % # Loans 0.00% 0.00% 0.00% 0.93% 0.93% - ----------------------------------------------------------------------------------------- BANKRUPTCY Balance 9,924.96 - - - 9,924.96 % Balance 0.01% 0.00% 0.00% 0.00% 0.01% # Loans 1 - - - 1 % # 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 9,924.96 672,175.16 - 1,341,138.07 2,023,238.19 % Balance 0.01% 0.80% 0.00% 1.60% 2.42% # Loans 1 6 - 9 16 % # Loans 0.10% 0.62% 0.00% 0.93% 1.65% - -----------------------------------------------------------------------------------------
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 Paid to Current State & Original Origination & Principal Principal Date Note LTV at Term Date Loan Group Balance Balance Rate Origination - ----------------------------------------------------------------------------------------------- SPACE INTENTIONALLY LEFT BLANK - -----------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- Prepayment Report - Voluntary Prepayments - --------------------------------------------------------------------------------
VOLUNTARY PREPAYMENTS POOL II POOL I TOTAL - ------------------------------------------------------------------------------------- Current Number of Paid in Full Loans 25 177 202 Number of Repurchased Loans - - - - ------------------------------------------------------------------------------------- Total Number of Loans Prepaid in Full 25 177 202 Paid in Full Balance 2,291,423.07 7,478,393.93 9,769,817.00 Repurchased Loans Balance - - - Curtailments Amount 1,491,102.65 1,717,298.73 3,208,401.38 - ------------------------------------------------------------------------------------- Total Prepayment Amount 3,782,525.72 9,195,692.66 12,978,218.38 Cumulative Number of Paid in Full Loans 288 1,133 1,421 Number of Repurchased Loans - - - - ------------------------------------------------------------------------------------- Total Number of Loans Prepaid in Full 288 1,133 1,421 Paid in Full Balance 29,967,306.17 53,155,244.37 83,122,550.54 Repurchased Loans Balance - - - Curtailments Amount 17,105,146.31 22,059,829.52 39,164,975.83 - ------------------------------------------------------------------------------------- Total Prepayment Amount 47,072,452.48 75,215,073.89 122,287,526.37 SPACE INTENTIONALLY LEFT BLANK - --------------------------------------------------------------------------------------
VOLUNTARY PREPAYMENT RATES POOL II POOL I TOTAL - ------------------------------------------------------------------- SMM 4.41% 4.42% 4.42% 3 Months Avg SMM 4.73% 4.09% 4.27% 12 Months Avg SMM Avg SMM Since Cut-off 5.40% 3.68% 4.19% CPR 41.79% 41.85% 41.84% 3 Months Avg CPR 44.11% 39.38% 40.79% 12 Months Avg CPR Avg CPR Since Cut-off 48.62% 36.23% 40.18% PSA 1962.70% 1961.64% 1961.96% 3 Months Avg PSA Approximation 2288.28% 2033.05% 2108.85% 12 Months Avg PSA Approximation Avg PSA Since Cut-off Approximation 3636.94% 2696.04% 2994.85% - -------------------------------------------------------------------
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 - 4 4 Collateral Realized Loss/(Gain) Amount - 189,546.53 189,546.53 Net Liquidation Proceeds - 47,308.83 47,308.83 Cumulative Number of Loans Liquidated - 6 6 Collateral Realized Loss/(Gain) Amount - 249,199.50 249,199.50 Net Liquidation Proceeds - 103,276.66 103,276.66 Note: Collateral realized losses may include adjustments to loans liquidated in prior periods. Cumulative Losses as % of Original Balance 0.0000% 0.1028% 0.0712% Cumulative Losses as % of Current Balance 0.0000% 0.1239% 0.0875% - ----------------------------------------------------------------------------------------------------------------------------------- DEFAULT SPEEDS POOL II POOL I TOTAL - ----------------------------------------------------------------------------------------------------------------------------------- MDR 0.00% 0.11% 0.08% 3 Months Avg MDR 0.00% 0.06% 0.04% 12 Months Avg MDR Avg MDR Since Cut-off 0.00% 0.02% 0.01% CDR 0.00% 1.36% 0.96% 3 Months Avg CDR 0.00% 0.67% 0.47% 12 Months Avg CDR Avg CDR Since Cut-off 0.00% 0.22% 0.16% SDA 0.00% 6.36% 4.51% 3 Months Avg SDA Approximation 0.00% 3.45% 2.45% 12 Months Avg SDA Approximation Avg SDA Since Cut-off Approximation 0.00% 1.66% 1.18% Loss Severity Approximation for Current Period 80.03% 80.03% 3 Months Avg Loss Severity Approximation 74.59% 74.59% 12 Months Avg Loss Severity Approximation Avg Loss Severity Approximation Since Cut-off 74.59% 74.59% - -----------------------------------------------------------------------------------------------------------------------------------
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(less than)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(less than)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 = 4 Loan Group 1 = Pool I Group Total Original Principal Balance = 240,600.00 Loan Group 2 = Pool II Group Total Prior Principal Balance = 236,855.36 Total Realized Loss Amount = 189,546.53 Total Net Liquidation Proceeds = 47,308.83 - --------------------------------------------- --------------------------------
- ---------------------------------------------------------------------------------------------------------------- Loan Number Loan Original Prior Realized Current State & Original Origination & Status Principal Principal Loss/(Gain) Note LTV at Term Date Loan Group Balance Balance Rate Origination - ---------------------------------------------------------------------------------------------------------------- 100214741 99,500.00 97,485.08 - 12.500% OR - 76.32% 180 Dec-10-99 100218882 18,500.00 18,258.58 - 14.750% UT - 94.95% 180 Dec-23-99 100449784 77,000.00 75,511.79 - 13.125% FL - 90.00% 180 Feb-08-00 100473040 45,600.00 45,599.91 - 14.750% WA - 90.00% 180 Feb-10-00 - ----------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- 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 - 1 1 Balance of Mort. Loans Delinq. 90 -119 days 0.00 42,736.86 42,736.86 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 1,385.28 3,114.72 4,500.00 - -----------------------------------------------------------------------------------