Monthly Payment Statement for GreenPoint Home Equity Loan Trust 2000-3 Asset-Backed Notes (February 2001)

Summary

This document is a monthly payment statement for the GreenPoint Home Equity Loan Trust 2000-3, detailing the distribution of payments for asset-backed notes as of February 15, 2001. The statement lists the parties involved, including GreenPoint Mortgage as the seller and master servicer, Deutsche Bank as administrator, and Financial Guaranty Insurance Corporation as the certificate insurer. It provides a breakdown of principal and interest payments, outstanding balances, and collections for various note classes. The report is intended for investors and stakeholders to track the performance and payment status of the trust's asset-backed securities.

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EX-10.1 2 0002.txt MONTHLY PAYMENT 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: November 30, 2000 Certificate Insurer: Financial Guaranty Insurance Corporation Closing Date: December 18, 2000 Servicer(s): GreenPoint Mortgage - Master Servicer First Payment Date: January 16, 2001 Underwriter(s): Greenwich Capital Markets, Inc. - Underwriter Distribution Date: February 15, 2001 Record Date: February 14, 2001
GreenPoint Home Equity Loan Trust 2000-3 Home Equity Loan Asset-Backed Notes Series 2000-3 Certificate Payment Report for February 15, 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 102,736,000.00 102,440,896.37 520,100.97 95,045.63 615,146.60 - - 102,345,850.74 A-2 FLT,STEP 98,584,000.00 98,083,415.41 497,977.67 377,721.83 875,699.50 - - 97,705,693.58 A-3 FLT,STEP 97,966,000.00 95,419,468.00 485,247.75 266,399.45 751,647.20 - - 95,153,068.55 S - - - - - - - - R - - - - - - - - - ------------------------------------------------------------------------------------------------------------------------------------ Total 299,286,000.00 295,943,779.78 1,503,326.39 739,166.91 2,242,493.30 - - 295,204,612.87 - ------------------------------------------------------------------------------------------------------------------------------------
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 01/16/01 02/14/01 A-Act/360 395385AF4 102,736,000.00 997.127554 5.062500 0.925144 5.987644 996.202409 A-2 01/16/01 02/14/01 A-Act/360 395385AG2 98,584,000.00 994.922253 5.051303 3.831472 8.882775 991.090781 A-3 01/16/01 02/14/01 A-Act/360 395385AH0 97,966,000.00 974.005961 4.953226 2.719305 7.672531 971.286656 S - - - - - - - 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-1 102,736,000.00 1,091,866.05 (120,436.25) 510,585.51 390,149.26 1,482,015.31 - - 102,345,850.74 A-2 98,584,000.00 1,046,635.28 340,661.13 537,645.29 878,306.42 1,924,941.70 - - 97,705,693.58 A-3 97,966,000.00 1,031,255.13 2,326,717.55 486,213.90 2,812,931.45 3,844,186.58 - - 95,153,068.55 S - - - - - - - - - R - - - - - - - - - Total 299,286,000.00 3,169,756.46 2,546,942.43 1,534,444.70 4,081,387.13 7,251,143.59 - - 295,204,612.87 - ------------------------------------------------------------------------------------------------------------------------------------
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 6.09250% 102,440,896.37 520,100.97 - - - 520,100.97 520,100.97 - A-2 6.09250% 98,083,415.41 497,977.67 - - - 497,977.67 497,977.67 - A-3 6.10250% 95,419,468.00 485,247.75 - - - 485,247.75 485,247.75 - S - - - - - - - - R - - - - - - - - - ------------------------------------------------------------------------------------------------------------------------------------ Total 295,943,779.78 1,503,326.39 - - - 1,503,326.39 1,503,326.39 - - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------
Collection Account Report
SUMMARY POOL III POOL II POOL I TOTAL - ----------------------------------------------------------------------------------------------------------------------------- Net Principal Collections 146,423.14 212,919.30 (129,184.65) 230,157.79 TOTAL PRINCIPAL 146,423.14 212,919.30 (129,184.65) 230,157.79 Interest Collections 619,483.07 677,423.11 759,667.61 2,056,573.79 Interest Fees (14,259.01) (14,642.91) (15,336.36) (44,238.28) TOTAL INTEREST 605,224.06 662,780.20 744,331.25 2,012,335.51 TOTAL AVAILABLE FUNDS 751,647.20 875,699.50 615,146.60 2,242,493.30 - -----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL - COLLECTIONS POOL III POOL II POOL I TOTAL - ----------------------------------------------------------------------------------------------------------------------------- Principal Collections 3,870,025.36 2,531,561.43 2,941,475.65 9,343,062.44 Repurchases/Substitutions 0.00 0.00 0.00 0.00 Liquidations 0.00 0.00 0.00 0.00 Insurance Principal 0.00 0.00 0.00 0.00 Liquidation Loss Amounts 0.00 0.00 0.00 0.00 Additional Balances (3,723,602.22) (2,318,642.13) (3,070,660.30) (9,112,904.65) TOTAL PRINCIPAL COLLECTED 146,423.14 212,919.30 (129,184.65) 230,157.79 - -----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL - WITHDRAWALS POOL III POOL II POOL I TOTAL - ----------------------------------------------------------------------------------------------------------------------------- SPACE INTENTIONALLY LEFT BLANK - -----------------------------------------------------------------------------------------------------------------------------
PRINCIPAL - OTHER ACCOUNTS POOL III POOL II POOL I TOTAL - ----------------------------------------------------------------------------------------------------------------------------- SPACE INTENTIONALLY LEFT BLANK - -----------------------------------------------------------------------------------------------------------------------------
INTEREST - COLLECTIONS POOL III POOL II POOL I TOTAL - ----------------------------------------------------------------------------------------------------------------------------- Interest Collections 658,432.55 717,486.79 801,535.50 2,177,454.84 Repurchases/Substitutions 0.00 0.00 0.00 0.00 Liquidations 0.00 0.00 0.00 0.00 Insurance Interest 0.00 0.00 0.00 0.00 Other Additional Interest 0.00 0.00 0.00 0.00 Current Servicing Fee (38,949.48) (40,063.68) (41,867.89) (120,881.05) TOTAL INTEREST 619,483.07 677,423.11 759,667.61 2,056,573.79 - -----------------------------------------------------------------------------------------------------------------------------
INTEREST - WITHDRAWALS POOL III POOL II POOL I TOTAL - ----------------------------------------------------------------------------------------------------------------------------- SPACE INTENTIONALLY LEFT BLANK - -----------------------------------------------------------------------------------------------------------------------------
INTEREST - OTHER ACCOUNTS POOL III POOL II POOL I TOTAL - ----------------------------------------------------------------------------------------------------------------------------- SPACE INTENTIONALLY LEFT BLANK - -----------------------------------------------------------------------------------------------------------------------------
INTEREST - FEES POOL III POOL II POOL I TOTAL - ----------------------------------------------------------------------------------------------------------------------------- Trustee Fee 778.99 801.27 837.36 2,417.62 Certificate Insurer Premium 13,480.02 13,841.64 14,499.00 41,820.66 Management Fee 0.00 0.00 0.00 0.00 TOTAL INTEREST FEES 14,259.01 14,642.91 15,336.36 44,238.28 - --------------------------------------------------------------------------------------------------------------------------
Credit Enhancement Report
ACCOUNTS POOL III POOL II POOL I TOTAL - -------------------------------------------------------------------------------------------------------------------------- Beginning Reserve Fund Balance 0.00 0.00 0.00 0.00 Curr Period Amounts Dep to Res Fund 0.00 0.00 0.00 0.00 Curr Withdrawal from Reserve Fund 0.00 0.00 0.00 0.00 Reserve Fund Balance 0.00 0.00 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------------
INSURANCE POOL III POOL II POOL I TOTAL - -------------------------------------------------------------------------------------------------------------------------- Insured Amount 0.00 0.00 0.00 0.00 Reimbursements to the Insurer 0.00 0.00 0.00 0.00 Cumulative Insurance Payment 0.00 0.00 0.00 0.00 Draws on the Policy 0.00 0.00 0.00 0.00 Draws on the Demand Note 0.00 0.00 0.00 0.00 Interest portion of Guarantee Payment 0.00 0.00 0.00 0.00 Principal portion of Guarantee Payment 0.00 0.00 0.00 0.00 Guarantee Payment for this date 0.00 0.00 0.00 0.00 Cumulative Guaranty Payments 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------
STRUCTURAL FEATURES POOL III POOL II POOL I TOTAL - --------------------------------------------------------------------------------------------------------------------------- Pool Delinquency Rate 0.7100% 0.3527% 0.1860% Rolling Six-month Pool Delinquency Rate 0.4620% 0.2353% 0.1695% Prior Overcollateralization Amount 0.00 0.00 0.00 0.00 Specified Overcollateralization Amount 2,161,032.93 2,174,666.96 2,266,243.04 6,601,942.94 Overcollateralization Amount 0.00 0.00 0.00 0.00 Overcollateralization Deficiency Amount 2,161,032.93 2,174,666.96 2,266,243.04 6,601,942.94 Overcollateralization Deficit 1,820,733.63 1,765,779.35 1,733,728.18 5,320,241.16 Overcollateralization Reduction Amount 0.00 0.00 0.00 0.00 Step-Up Overcollateralization Amount 0.00 0.00 0.00 0.00 Current Accelerated Principal Payment 0.00 0.00 0.00 0.00 Cumulative Accelerated Principal Payment 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------
Collateral Report
COLLATERAL POOL III POOL II POOL I TOTAL ------------- ------------- -------------- -------------- Loan Count: Original ###-###-#### 2664 5435 Prior 566 2,163 2,621 5,350 Prefunding - - - - Scheduled Paid Offs - - - - Full Voluntary Prepayments (10) (23) (35) (68) Repurchases - - - - Liquidations - - - - - ------------------------------------------------------------------------------------------------------------------------------ Current 556 2,140 2,586 5,282 Principal Balance: Original 96,045,908.07 96,651,865.01 100,721,912.99 293,419,686.07 Prior 93,478,758.06 96,152,833.53 100,482,937.91 290,114,529.50 Prefunding 3,723,602.22 2,318,642.13 3,070,660.30 9,112,904.65 Scheduled Principal (258,612.96) (251,958.79) (245,010.85) (755,582.60) Partial and Full Voluntary Prepayments (3,611,412.40) (2,279,602.64) (2,696,464.80) (8,587,479.84) Repurchases - - - - - ------------------------------------------------------------------------------------------------------------------------------ Liquidations - - - - Current 93,332,334.92 95,939,914.23 100,612,122.56 289,884,371.71
PREFUNDING POOL III POOL II POOL I TOTAL ------------- ------------- -------------- -------------- SPACE INTENTIONALLY LEFT BLANK
CHARACTERISTICS POOL III POOL II POOL I TOTAL ------------- ------------- -------------- -------------- Weighted Average Coupon Original 7.491710% 7.985425% 8.355685% 7.950915% Weighted Average Coupon Prior 7.491710% 7.985425% 8.355685% 7.950915% Weighted Average Coupon Current 7.853720% 8.318279% 8.920488% 8.377171% - ------------------------------------------------------------------------------------------------------------------------------ Weighted Average Months to Maturity Original 194 199 197 197 Weighted Average Months to Maturity Prior 194 199 197 197 Weighted Average Months to Maturity Current 193 198 195 195 - ------------------------------------------------------------------------------------------------------------------------------ Weighted Avg Remaining Amortization Term Original 200 214 208 207 Weighted Avg Remaining Amortization Term Prior 200 214 208 207 Weighted Avg Remaining Amortization Term Current 200 214 207 207 - ------------------------------------------------------------------------------------------------------------------------------ Weighted Average Seasoning Original 2.84 2.88 3.04 2.93 Weighted Average Seasoning Prior 2.84 2.88 3.04 2.93 Weighted Average Seasoning Current 2.85 2.87 3.04 2.92 - ------------------------------------------------------------------------------------------------------------------------------
Note: Original information refers to deal issue.
ARM CHARACTERISTIC POOL III POOL II POOL I TOTAL ------------- ------------- -------------- -------------- Weighted Average Margin Original 2.966% 2.411% 2.558% Weighted Average Margin Prior 2.966% 2.411% 2.558% Weighted Average Margin Current 2.995% 2.402% 2.566% - ------------------------------------------------------------------------------------------------------------------------------ Weighted Average Max Rate Original 17.703% 17.039% 17.227% Weighted Average Max Rate Prior 17.703% 17.039% 17.227%
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ARM CHARACTERISTIC (CONT'D] POOL III POOL II POOL I TOTAL ------------- ------------- -------------- -------------- Weighted Average Max Rate Current 17.704% 17.057% 17.239% - ------------------------------------------------------------------------------------------------------------------------------ Weighted Average Min Rate Original 6.606% 7.182% 7.837% Weighted Average Min Rate Prior 6.606% 7.182% 7.837% Weighted Average Min Rate Current 6.625% 7.172% 7.818% - ------------------------------------------------------------------------------------------------------------------------------ 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 III POOL II POOL I TOTAL ------------- ------------- -------------- -------------- TOTAL SERVICING FEE 38,949.48 40,063.68 41,867.89 120,881.05
SERVICING FEES / ADVANCES POOL III POOL II POOL I TOTAL ------------- ------------- -------------- -------------- SPACE INTENTIONALLY LEFT BLANK
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Delinquency Report - Total CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL DELINQUENT Balance 2,716,231.04 874,762.66 247,200.00 3,838,193.70 % Balance 0.94% 0.30% 0.09% 1.32% # Loans 56 13 2 71 % # Loans 1.06% 0.25% 0.04% 1.34% - ---------------------------------------------------------------------------------------- FORECLOSURE Balance - - - 114,900.00 114,900.00 % Balance 0.00% 0.00% 0.00% 0.04% 0.04% # Loans - - - 3 3 % # Loans 0.00% 0.00% 0.00% 0.06% 0.06% - ---------------------------------------------------------------------------------------- BANKRUPTCY Balance 89,076.13 - - - 89,076.13 % Balance 0.03% 0.00% 0.00% 0.00% 0.03% # Loans 2 - - - 2 % # Loans 0.04% 0.00% 0.00% 0.00% 0.04% - ---------------------------------------------------------------------------------------- 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 89,076.13 2,716,231.04 874,762.66 362,100.00 4,042,169.83 % Balance 0.03% 0.94% 0.30% 0.12% 1.39% # Loans 2 56 13 5 76 % # Loans 0.04% 1.06% 0.25% 0.09% 1.44% - ----------------------------------------------------------------------------------------
Delinquency Report - Pool I Group CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL DELINQUENT Balance 936,448.77 187,109.75 - 1,123,558.52 % Balance 0.93% 0.19% 0.00% 1.12% # Loans 30 5 - 35 % # Loans 1.16% 0.19% 0.00% 1.35% - -------------------------------------------------------------------------------------------------------------- FORECLOSURE Balance - - - 48,700.00 48,700.00 % Balance 0.00% 0.00% 0.00% 0.05% 0.05% # Loans - - - 1 1 % # Loans 0.00% 0.00% 0.00% 0.04% 0.04% - -------------------------------------------------------------------------------------------------------------- BANKRUPTCY Balance 74,255.41 - - - 74,255.41 % Balance 0.07% 0.00% 0.00% 0.00% 0.07% # Loans 1 - - - 1 % # Loans 0.04% 0.00% 0.00% 0.00% 0.04% - -------------------------------------------------------------------------------------------------------------- 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 74,255.41 936,448.77 187,109.75 48,700.00 1,246,513.93 % Balance 0.07% 0.93% 0.19% 0.05% 1.24% # Loans 1 30 5 1 37 % # Loans 0.04% 1.16% 0.19% 0.04% 1.43% - -------------------------------------------------------------------------------------------------------------- Note: Current = 0-29 days, 1 Payment = 30-59 days, 2 Payments = 60-89 days, 3+ Payments = 90+
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Delinquency Report - Pool II Group CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL DELINQUENT Balance 728,598.67 225,019.25 47,200.00 1,000,817.92 % Balance 0.76% 0.23% 0.05% 1.04% # Loans 19 6 1 26 % # Loans 0.89% 0.28% 0.05% 1.21% - --------------------------------------------------------------------------------------------------------------- FORECLOSURE Balance - - - 66,200.00 66,200.00 % Balance 0.00% 0.00% 0.00% 0.07% 0.07% # Loans - - - 2 2 % # Loans 0.00% 0.00% 0.00% 0.09% 0.09% - --------------------------------------------------------------------------------------------------------------- BANKRUPTCY Balance 14,820.72 - - - 14,820.72 % Balance 0.02% 0.00% 0.00% 0.00% 0.02% # Loans 1 - - - 1 % # Loans 0.05% 0.00% 0.00% 0.00% 0.05% - --------------------------------------------------------------------------------------------------------------- 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 14,820.72 728,598.67 225,019.25 113,400.00 1,081,838.64 % Balance 0.02% 0.76% 0.23% 0.12% 1.13% # Loans 1 19 6 3 29 % # Loans 0.05% 0.89% 0.28% 0.14% 1.36% - --------------------------------------------------------------------------------------------------------------- Note: Current = 0-29 days, 1 Payment = 30-59 days, 2 Payments = 60-89 days, 3+Payments = 90+
Delinquency Report - Pool III Group CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL DELINQUENT Balance 1,051,183.60 462,633.66 200,000.00 1,713,817.26 % Balance 1.13% 0.50% 0.21% 1.84% # Loans 7 2 1 10 % # Loans 1.26% 0.36% 0.18% 1.80% - -------------------------------------------------------------------------------------------------------------- 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 - - - - - % Balance 0.00% 0.00% 0.00% 0.00% 0.00% # Loans - - - - - % # Loans 0.00% 0.00% 0.00% 0.00% 0.00% - -------------------------------------------------------------------------------------------------------------- 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 - 1,051,183.60 462,633.66 200,000.00 1,713,817.26 % Balance 0.00% 1.13% 0.50% 0.21% 1.84% # Loans - 7 2 1 10 % # Loans 0.00% 1.26% 0.36% 0.18% 1.80% - ------------------------------------------------------------------------------------------------------------- Note: Current = 0-29 days, 1 Payment =30-59 days, 2 Payments = 60-89 days, 3+Payments = 90+
14 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 Loan Group 3 = Pool III Group; REO Book Value = 000.00 REO Book Value = 000.00 Loan Group 3 = Pool III Group; 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 -------------------------------------------------------------------------------------
15 Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS POOL III POOL II POOL I TOTAL Current Number of Paid in Full Loans 10 23 35 68 Number of Repurchased Loans - - - - - -------------------------------------------------------------------------------------------------------------------------- Total Number of Loans Prepaid in Full 10 23 35 68 Paid in Full Balance 1,554,918.21 1,288,139.96 1,357,405.63 4,200,463.80 Repurchased Loans Balance - - - - Curtailments Amount 2,056,494.19 991,462.68 1,339,059.17 4,387,016.04 - -------------------------------------------------------------------------------------------------------------------------- Total Prepayment Amount 3,611,412.40 2,279,602.64 2,696,464.80 8,587,479.84 Cumulative Number of Paid in Full Loans 27 48 78 153 Number of Repurchased Loans - - - - - -------------------------------------------------------------------------------------------------------------------------- Total Number of Loans Prepaid in Full 27 48 78 153 Paid in Full Balance 5,315,678.31 2,747,845.62 3,192,256.00 11,255,779.93 Repurchased Loans Balance - - - - Curtailments Amount 5,000,644.39 2,363,216.84 3,049,806.57 10,413,667.80 - -------------------------------------------------------------------------------------------------------------------------- Total Prepayment Amount 10,316,322.70 5,111,062.46 6,242,062.57 21,669,447.73 SPACE INTENTIONALLY LEFT BLANK
VOLUNTARY PREPAYMENT RATES POOL III POOL II POOL I TOTAL SMM 3.87% 2.38% 2.69% 2.97% 3 Months Avg SMM 12 Months Avg SMM Avg SMM Since Cut-off 5.45% 2.66% 3.11% 3.72% CPR 37.76% 25.08% 27.91% 30.34% 3 Months Avg CPR 12 Months Avg CPR Avg CPR Since Cut-off 48.95% 27.62% 31.56% 36.57% PSA 6625.09% 4362.03% 4585.47% 5186.19% 3 Months Avg PSA Approximation 12 Months Avg PSA Approximation Avg PSA Since Cut-off Approximation 8597.73% 4799.37% 5184.89% 6250.13%
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) 16 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. 17
Realized Loss Report - Collateral COLLATERAL REALIZED LOSSES POOL III 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% 0.0000% Cumulative Losses as % of Current Balance 0.0000% 0.0000% 0.0000% 0.0000%
DEFAULT SPEEDS POOL III POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------- MDR 0.00% 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% 0.00% CDR 0.00% 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% 0.00% SDA 0.00% 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% 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) 18 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. 19
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 Loan Group 3 = Pool III Group Total Realized Loss Amount = 0.00 Loan Group 3 = Pool III Group 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 20 Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS POOL III POOL II POOL I TOTAL - -------------------------------------------------------------------------------------------------------------------------- Servicer Event of Default No No No No Insurer Default No No No No
ADJUSTABLE RATE CERTIFICATE INFORMATION POOL III POOL II POOL I TOTAL - -------------------------------------------------------------------------------------------------------------------------- SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION POOL III POOL II POOL I TOTAL - -------------------------------------------------------------------------------------------------------------------------- Detail Delinq. Breakdown to Supplement pages 11-13 Number of Mort. Loans Delinq. 90-119 days 1 1 - 2 Balance of Mort. Loans Delinq. 90-119 days 200,000.00 47,200.00 0.00 247,200.00 Number of Mort. Loans Delinq. 120-149 days - - - - Balance of Mort. Loans Delinq. 120-149 days 0.00 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 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 0.00 Management Fee Accrued and Unpaid 327.34 329.40 343.26 1,000.00
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