-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, N3ati+rEvL1yt7TX/fI5Im2pV/QshL4APfAaHWh5cVc69R8QEe8W5QgoPZUh/Pzz szLN37EIYJtwU9IzSjddzw== 0000950130-97-003368.txt : 19970731 0000950130-97-003368.hdr.sgml : 19970731 ACCESSION NUMBER: 0000950130-97-003368 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970715 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970730 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: MONEY STORE HOME EQUITY LOAN TRUST 1997-A CENTRAL INDEX KEY: 0001036689 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 223217781 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-20817-09 FILM NUMBER: 97648196 BUSINESS ADDRESS: STREET 1: 2840 MORRIS AVE STREET 2: C/O MONEY STORE INC CITY: UNION STATE: NJ ZIP: 07083 BUSINESS PHONE: 9086862000 MAIL ADDRESS: STREET 1: 2840 MORRIS AVENUE CITY: UNION STATE: NJ ZIP: 07083 8-K 1 CURRENT REPORT SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 __________________________ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event report) July 15, 1997 ------------------------ The Money Store Inc. (as Representative under a Pooling and Servicing Agreement dated as of February 28, 1997 providing for the issuance of TMS Asset Backed Certificates, Series 1997-A) and each of the Originators listed on Schedule A attached hereto. The Money Store, Inc. --------------------- (Exact name of registrant as specified in its charter) New Jersey 33-58128-35 Applied For - ---------- ----------- ----------- State or other (Commission (IRS Employer jurisdiction of File Number) ID Number) incorporation) 2840 Morris Avenue, Union, New Jersey 07083 - ----------------------------------------------------- (Address of principal executive officer) Registrant's Telephone Number, including area code: (908) 686-2000 -------------- n/a - ------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5 Other Events ------------ Attached herein as Annex A is a copy of the Monthly Statement sent to Class A Certificate holders with respect to the July 15, 1997 Remittance Date. Item 7 Financial Statements and Exhibits --------------------------------- The quarterly financial statement for the period ended September 30, 1996 for MBIA Inc. is incorporated by reference to the Form 10Q filed by MBIA Inc. with the Securities and Exchange Commission on November 14, 1996. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. THE MONEY STORE INC. By: /s/ Harry Puglisi ------------------------------------- Harry Puglisi Treasurer Dated: July 30, 1997 Schedule A List of Originators ------------------- 1997-A ------ The Money Store/Minnesota Inc. The Money Store/D.C. Inc. The Money Store/Kentucky Inc. The Money Store Home Equity Corp. TMS Mortgage Inc. SERVICER'S CERTIFICATE IN ACCORDANCE WITH SECTION 6.10 OF THE POOLING AND SERVICING AGREEMENT DATED AS OF FEBRUARY 28,1997, THE MONEY STORE INC. REPORTS THE FOLLOWING INFORMATION PERTAINING TO SERIES 1997-A FOR THE JULY 10, 1997 DETERMINATION DATE.
POOL I POOL II POOL III 1. AGGREGATE AMOUNT RECEIVED (5.03 b) $11,423,839.26 $ 7,531,558.80 $98,713.53 ADJ : RECALCULATION 0.00 0.00 0.00 ---------------------------------------------------- 11,423,839.26 7,531,558.80 98,713.53 LESS: SERVICE FEE (7.03 & 5.04) 86,171.07 57,111.14 2,034.19 CONTINGENCY FEE (7.03 & 5.04) 86,171.07 57,111.14 2,034.19 OTHER SERVICER FEES(Late Charges/Escrow) (7.03 & 5.04) 75,925.65 40,126.11 234.04 UNREIMBURSED MONTHLY ADVANCES (5.04 b) 0.00 0.00 0.00 ---------------------------------------------------- 248,267.79 154,348.39 4,302.42 PLUS: MONTHLY ADVANCE (6.11) - INCLUDING COMPENSATING INTEREST (6.12) 268,832.02 185,820.65 0.00 PRE-FUNDING ACCOUNT TRANSFER (6.02) 0.00 0.00 0.00 CAPITALIZED INTEREST ACCOUNT TRANSFER (6.02) 0.00 0.00 0.00 ---------------------------------------------------- 268,832.02 185,820.65 0.00 LESS: EXCESS SPREAD (I-19) 1,631,155.08 968,573.19 26,381.75 SUBORDINATION REDUCTION AMOUNT (I-56) 0.00 0.00 0.00 ---------------------------------------------------- 1,631,155.08 968,573.19 26,381.75 ---------------------------------------------------- AVAILABLE REMITTANCE AMOUNT 9,813,248.41 6,594,457.87 68,029.36 ==================================================== 2. (A) CLASS A-1 78,817,140.85 PRINCIPAL BALANCE AS REPORTED IN PRIOR SERVICER'S CERTIFICATE (B) CLASS A-2 PRINCIPAL BALANCE AS REPORTED 63,100,000.00 IN PRIOR SERVICER'S CERTIFICATE (C) CLASS A-3 PRINCIPAL BALANCE AS REPORTED 75,800,000.00 IN PRIOR SERVICER'S CERTIFICATE (D) CLASS A-4 PRINCIPAL BALANCE AS REPORTED 61,100,000.00 IN PRIOR SERVICER'S CERTIFICATE (E) CLASS A-5 PRINCIPAL BALANCE AS REPORTED 31,100,000.00 IN PRIOR SERVICER'S CERTIFICATE (F) CLASS A-6 PRINCIPAL BALANCE AS REPORTED 45,000,000.00 IN PRIOR SERVICER'S CERTIFICATE (G) CLASS A-7 PRINCIPAL BALANCE AS REPORTED 30,600,000.00 IN PRIOR SERVICER'S CERTIFICATE
(H) CLASS A-8 PRINCIPAL BALANCE AS REPORTED IN PRIOR SERVICER'S CERTIFICATE 32,000,000.00 (I) CLASS A-9 PRINCIPAL BALANCE AS REPORTED IN PRIOR SERVICER'S CERTIFICATE 37,000,000.00 (J) CLASS A-10 PRINCIPAL BALANCE AS REPORTED IN PRIOR SERVICER'S CERTIFICATE 249,494,972.46 (K) CLASS A-11 PRINCIPAL BALANCE AS REPORTED IN PRIOR SERVICER'S CERTIFICATE 60,000,000.00 (L) CLASS A-12 PRINCIPAL BALANCE AS REPORTED IN PRIOR SERVICER'S CERTIFICATE 9,908,697.96 3. PRINCIPAL DISTRIBUTION AMOUNTS : CLASS A-1 8,771,495.87 CLASS A-2 0.00 CLASS A-3 0.00 CLASS A-4 0.00 CLASS A-5 0.00 CLASS A-6 0.00 CLASS A-7 0.00 CLASS A-8 0.00 CLASS A-9 0.00 TOTAL POOL I PRINCIPAL DISTRIBUTION AMOUNT : 8,771,495.87 CLASS A-10 6,065,894.13 CLASS A-11 0.00 TOTAL POOL II PRINCIPAL DISTRIBUTION AMOUNT : 6,065,894.13 CLASS A-12 27,321.45 TOTAL POOL III PRINCIPAL DISTRIBUTION AMOUNT : 27,321.45 4.TOTAL AMOUNT OF POOL I, II & III INSURED PAYMENTS 0.00 5. (A) SUBORDINATED AMOUNT POOL I 3,974,306.95 POOL II 2,279,335.86 POOL III 676,522.20 (B) SPECIFIED SUBORDINATED AMOUNT POOL I 11,280,000.00 POOL II 10,720,000.00 POOL III 2,500,000.00 6. PRINCIPAL PREPAYMENT RECEIVED DURING THE DUE PERIOD # ACCOUNTS DOLLARS POOL I 139 5,008,755.43 POOL II 55 4,196,170.31 POOL III 0 0.00
7. AMOUNT OF CURTAILMENTS RECEIVED DURING THE DUE PERIOD POOL I 1,119,570.38 POOL II 686,008.21 POOL III 0.00 8. AMOUNT OF EXCESS AND MONTHLY PAYMENTS IN RESPECT OF PRINCIPAL RECEIVED DURING THE DUE PERIOD POOL I 1,184,357.12 POOL II 329,364.70 POOL III 3,198.58 9. AMOUNT OF INTEREST RECEIVED POOL I 4,035,230.68 POOL II 2,279,889.47 POOL III 95,280.91 10. (A) AMOUNT OF MONTHLY ADVANCES INCLUDING COMPENSATING INTEREST TO BE MADE ON THE DETERMINATION DATE TO BE DEPOSITED IN THE CERTIFICATE ACCOUNT PURSUANT TO SECTION 6.01 (a) (ii) POOL I 268,832.02 POOL II 185,820.65 POOL III 0.00 (B) AMOUNT OF COMPENSATING INTEREST POOL I 1,431.42 POOL II 357.55 POOL III 0.00 11. DELINQUENT AND FORECLOSURE INFORMATION (EXHIBIT O) 12. THE AMOUNT OF REALIZED LOSSES DURING DUE PERIOD POOL I 0.00 POOL II 0.00 POOL III 0.00 13. CLASS A-1 REMITTANCE AMOUNT: (A) CURRENT INTEREST REQUIREMENT 427,582.99 (B) PRINCIPAL DISTRIBUTION AMOUNT 8,771,495.87 (C) CARRY FORWARD AMOUNT 0.00 (D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00 TOTAL CLASS A-1 REMITTANCE AMOUNT 9,199,078.86 CLASS A-2 REMITTANCE AMOUNT: (A) CURRENT INTEREST REQUIREMENT 345,209.58 (B) PRINCIPAL DISTRIBUTION AMOUNT 0.00 (C) CARRY FORWARD AMOUNT 0.00 (D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00 TOTAL CLASS A-2 REMITTANCE AMOUNT 345,209.58
CLASS A-3 REMITTANCE AMOUNT: (A) CURRENT INTEREST REQUIREMENT 421,637.50 (B) PRINCIPAL DISTRIBUTION AMOUNT 0.00 (C) CARRY FORWARD AMOUNT 0.00 (D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00 TOTAL CLASS A-3 REMITTANCE AMOUNT 421,637.50 CLASS A-4 REMITTANCE AMOUNT: (A) CURRENT INTEREST REQUIREMENT 350,815.83 (B) PRINCIPAL DISTRIBUTION AMOUNT 0.00 (C) CARRY FORWARD AMOUNT 0.00 (D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00 TOTAL CLASS A-4 REMITTANCE AMOUNT 350,815.83 CLASS A-5 REMITTANCE AMOUNT: (A) CURRENT INTEREST REQUIREMENT 182,971.67 (B) PRINCIPAL DISTRIBUTION AMOUNT 0.00 (C) CARRY FORWARD AMOUNT 0.00 (D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00 TOTAL CLASS A-5 REMITTANCE AMOUNT 182,971.67 CLASS A-6 REMITTANCE AMOUNT: (A) CURRENT INTEREST REQUIREMENT 270,375.00 (B) PRINCIPAL DISTRIBUTION AMOUNT 0.00 (C) CARRY FORWARD AMOUNT 0.00 (D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00 TOTAL CLASS A-6 REMITTANCE AMOUNT 270,375.00 CLASS A-7 REMITTANCE AMOUNT: (A) CURRENT INTEREST REQUIREMENT 188,955.00 (B) PRINCIPAL DISTRIBUTION AMOUNT 0.00 (C) CARRY FORWARD AMOUNT 0.00 (D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00 TOTAL CLASS A-7 REMITTANCE AMOUNT 188,955.00 CLASS A-8 REMITTANCE AMOUNT: (A) CURRENT INTEREST REQUIREMENT 205,466.67 (B) PRINCIPAL DISTRIBUTION AMOUNT 0.00 (C) CARRY FORWARD AMOUNT 0.00 (D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00 TOTAL CLASS A-8 REMITTANCE AMOUNT 205,466.67 CLASS A-9 REMITTANCE AMOUNT: (A) CURRENT INTEREST REQUIREMENT 223,079.17 (B) PRINCIPAL DISTRIBUTION AMOUNT 0.00 (C) CARRY FORWARD AMOUNT 0.00 (D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00 TOTAL CLASS A-9 REMITTANCE AMOUNT 223,079.17
POOL I REMITTANCE AMOUNT: (A) CURRENT INTEREST REQUIREMENT 2,616,093.41 (B) PRINCIPAL DISTRIBUTION AMOUNT 8,771,495.87 (C) CARRY FORWARD AMOUNT 0.00 (D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00 TOTAL POOL I REMITTANCE AMOUNT 11,387,589.28 CLASS A-10 REMITTANCE AMOUNT: (A) CURRENT INTEREST REQUIREMENT 1,169,213.14 (B) PRINCIPAL DISTRIBUTION AMOUNT 6,065,894.13 (C) CARRY FORWARD AMOUNT 0.00 (D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00 TOTAL CLASS A-10 REMITTANCE AMOUNT 7,235,107.27 CLASS A-11 REMITTANCE AMOUNT: (A) CURRENT INTEREST REQUIREMENT 274,533.33 (B) PRINCIPAL DISTRIBUTION AMOUNT 0.00 (C) CARRY FORWARD AMOUNT 0.00 (D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00 TOTAL CLASS A-11 REMITTANCE AMOUNT 274,533.33 POOL II REMITTANCE AMOUNT: (A) CURRENT INTEREST REQUIREMENT 1,443,746.47 (B) PRINCIPAL DISTRIBUTION AMOUNT 6,065,894.13 (C) CARRY FORWARD AMOUNT 0.00 (D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00 TOTAL POOL II REMITTANCE AMOUNT 7,509,640.60 CLASS A-12 (POOL III) REMITTANCE AMOUNT: (A) CURRENT INTEREST REQUIREMENT 62,135.79 (B) PRINCIPAL DISTRIBUTION AMOUNT 27,321.45 (C) CARRY FORWARD AMOUNT 0.00 (D) MONTHLY ADVANCE FOR BANKRUPTCY 0.00 TOTAL POOL III REMITTANCE AMOUNT 89,457.24 14.(A) REIMBURSABLE AMOUNTS 0.00 (B) CLASS X REMITTANCE AMOUNT PAYABLE PURSUANT TO SECTION 6.08(d) (iii) AND ( iv) POOL I (0.00) POOL II 0.00 POOL III 0.00
15.(A) CLASS A-1 PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 70,045,644.98 (B) CLASS A-2 PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 63,100,000.00 (C) CLASS A-3 PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 75,800,000.00 (D) CLASS A-4 PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 61,100,000.00 (E) CLASS A-5 PRINCIPAL BALANCE AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 31,100,000.00 (F) CLASS A-6 PRINCIPAL BALANCE AFTER DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 45,000,000.00 (G) CLASS A-7 PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 30,600,000.00 (H) CLASS A-8 PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 32,000,000.00 (I) CLASS A-9 PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 37,000,000.00 (J) CLASS A-10 PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 243,429,078.33 (K) CLASS A-11 PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 60,000,000.00
(L) CLASS A-12 PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 9,881,376.51 (M) TOTAL POOL I PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 445,745,644.98 (N) TOTAL POOL II PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 303,429,078.33 (O) TOTAL POOL III PRINCIPAL BALANCE AFTER DISTRIBUTION TO BE MADE ON THE REMITTANCE DATE AND AFTER ALLOCATION OF REALIZED LOSSES 9,881,376.51 16. (A) MONTHLY EXCESS SPREAD PERCENTAGE (FOR POOL I, II AND III) 100.00% (B) EXCESS SPREAD (POOL I) 1,631,155.08 EXCESS SPREAD (POOL II) 968,573.19 EXCESS SPREAD (POOL III) 26,381.75 TOTAL EXCESS SPREAD (POOL I, II and III) 2,626,110.02 (C) REMAINDER EXCESS SPREAD AMOUNT POOL I 0.00 REMAINDER EXCESS SPREAD AMOUNT POOL II 0.00 REMAINDER EXCESS SPREAD AMOUNT POOL III 0.00 TOTAL REMAINDER EXCESS SPREAD AMOUNT POOL I, II and III 0.00 17. CUMULATIVE REALIZED LOSSES POOL I 0.00 POOL II 0.00 POOL III 0.00 18. (A) THE WEIGHTED AVERAGE MATURITY POOL I 270.692 POOL II 354.727 POOL III 337.330 (B) THE WEIGHTED AVERAGE MORTGAGE INTEREST RATE POOL I 11.711% POOL II 9.970% POOL III 11.680%
19. (A) SERVICING FEE FOR THE RELATED DUE PERIOD POOL I 86,171.07 POOL II 57,111.14 POOL III 2,034.19 (B) CONTINGENCY FEE FOR THE RELATED DUE PERIOD POOL I 86,171.07 POOL II 57,111.14 POOL III 2,034.19 (C) AMOUNT TO BE DEPOSITED TO THE EXPENSE ACCOUNT - TRUSTEE POOL I 18,938.21 POOL II 12,895.62 POOL III 412.86 (D) AMOUNT TO BE DEPOSITED TO THE INSURANCE ACCOUNT- MBIA POOL I 37,876.00 POOL II 30,949.00 POOL III 4,541.00 (F) CLASS A-11 AUCTION AGENT FEE 9,545.83 20. AMOUNT OF PAYMENTS AND REIMBURSEMENTS TO THE SERVICERS PURSUANT TO: POOL I POOL II (A) SECTION 5.04 (b) 0.00 0.00 (B) SECTION 5.04 (c) 0.00 0.00 (C) SECTION 5.04 (d)(ii) 0.00 0.00 (D) SECTION 5.04 (e) 0.00 0.00 (E) SECTION 5.04 (f)(i) 172,342.14 114,222.28 POOL III (A) SECTION 5.04 (b) 0.00 (B) SECTION 5.04 (c) 0.00 (C) SECTION 5.04 (d)(ii) 0.00 (D) SECTION 5.04 (e) 0.00 (E) SECTION 5.04 (f)(i) 4,068.38 21. CLASS A-1 POOL FACTOR (I-5): CURRENT CLASS A-1 PRINCIPAL BALANCE 70,045,644.98 0.74279581 ORIGINAL CLASS A-1 PRINCIPAL BALANCE 94,300,000.00 CLASS A-2 POOL FACTOR (I-5): CURRENT CLASS A-2 PRINCIPAL BALANCE 63,100,000.00 1.00000000 ORIGINAL CLASS A-2 PRINCIPAL BALANCE 63,100,000.00 CLASS A-3 POOL FACTOR (I-5): CURRENT CLASS A-3 PRINCIPAL BALANCE 75,800,000.00 1.00000000 ORIGINAL CLASS A-3 PRINCIPAL BALANCE 75,800,000.00 CLASS A-4 POOL FACTOR (I-5): CURRENT CLASS A-4 PRINCIPAL BALANCE 61,100,000.00 1.00000000 ORIGINAL CLASS A-4 PRINCIPAL BALANCE 61,100,000.00
CLASS A-5 POOL FACTOR (I-5): CURRENT CLASS A-5 PRINCIPAL BALANCE 31,100,000.00 1.00000000 ORIGINAL CLASS A-5 PRINCIPAL BALANCE 31,100,000.00 CLASS A-6 POOL FACTOR (I-5): CURRENT CLASS A-6 PRINCIPAL BALANCE 45,000,000.00 1.00000000 ORIGINAL CLASS A-6 PRINCIPAL BALANCE 45,000,000.00 CLASS A-7 POOL FACTOR (I-5): CURRENT CLASS A-7 PRINCIPAL BALANCE 30,600,000.00 1.00000000 ORIGINAL CLASS A-7 PRINCIPAL BALANCE 30,600,000.00 CLASS A-8 POOL FACTOR (I-5): CURRENT CLASS A-8 PRINCIPAL BALANCE 32,000,000.00 1.00000000 ORIGINAL CLASS A-8 PRINCIPAL BALANCE 32,000,000.00 CLASS A-9 POOL FACTOR (I-5): CURRENT CLASS A-8 PRINCIPAL BALANCE 37,000,000.00 1.00000000 ORIGINAL CLASS A-8 PRINCIPAL BALANCE 37,000,000.00 POOL I FACTOR: CURRENT POOL I PRINCIPAL BALANCE 445,745,644.98 0.94839499 ORIGINAL POOL I PRINCIPAL BALANCE 470,000,000.00 CLASS A-10 FACTOR: CURRENT CLASS A-10 PRINCIPAL BALANCE 243,429,078.33 0.93626569 ORIGINAL CLASS A-10 PRINCIPAL BALANCE 260,000,000.00 CLASS A-11 POOL FACTOR (I-5): CURRENT CLASS A-11 PRINCIPAL BALANCE 60,000,000.00 1.00000000 ORIGINAL CLASS A-11 PRINCIPAL BALANCE 60,000,000.00 POOL II FACTOR: CURRENT POOL II PRINCIPAL BALANCE 303,429,078.33 0.94821587 ORIGINAL POOL II PRINCIPAL BALANCE 320,000,000.00 CLASS A-12 (POOL III FACTOR (I-5): CURRENT CLASS A-12 PRINCIPAL BALANCE 9,881,376.51 0.98813765 ORIGINAL CLASS A-12 PRINCIPAL BALANCE 10,000,000.00 22. (A) WEIGHTED AVERAGE MORTGAGE INTEREST RATE POOL I 11.711% POOL II 9.970% POOL III 11.680% (B) ADJUSTED MORTGAGE INTEREST RATE OF THE MORTGAGE LOANS POOL I 11.061% POOL II 9.103% POOL III 10.580% (C) WEIGHTED AVERAGE CLASS A-1, CLASS A-2, CLASS A-3, CLASS A-4, CLASS A-5, CLASS A-6, CLASS A-7, CLASS A-8 AND CLASS A-9 ADJUST MORTGAGE LOAN REMITTANCE 7.065% RATE CLASS A-10 AND CLASS A-11 ADJUSTED MORTGAGE LOAN REMITTANCE RATE 5.999% CLASS A-12 ADJUSTED MORTGAGE LOAN REMITTANCE RATE 8.125% ---------------------------------------------------------- (D) WEIGHTED AVERAGE MORTGAGE INTEREST RATE FOR 04/30/97 05/31/97 06/30/97 ---------------------------------------------------------- POOL I 11.696% 11.716% 11.711% POOL II 9.900% 9.930% 9.970% POOL III 0.000% 11.680% (11.680%)
23. CLASS A-10 REMITTANCE RATE 5.81750% CLASS A-11 REMITTANCE RATE (BASED ON AUCTION RATE) 5.6800% IF REMITTANCE RATES BASED ON THE NET FUNDS CAP LIBOR PLUS MARGIN FOR CLASS A-10 N/A 24. (A) LIBOR RATE 5.68750% (B) AUCTION RATE 5.680% 25. POOL II NET FUNDS CAP (RATE) 9.437% CLASS A-10 NET FUNDS CAP 0.00 CLASS A-11 NET FUNDS CAP 0.00 26. CLASS A-10 CERTIFICATEHOLDERS' LIBOR INTEREST CARRYOVER 0.00 CLASS A-11 CERTIFICATEHOLDERS' LIBOR INTEREST CARRYOVER 0 0.00 27. (A) AMOUNT OF DISTRIBUTION ALLOCABLE TO LIBOR INTEREST CARRYOVER 0.00 (B) LIBOR INTEREST CARRYOVER BALANCE 0.00 28. OTHER INFORMATION SPREAD ACCOUNT BALANCES POOL I 0.00 POOL II 0.00 POOL III 606,426.52 EXHIBIT O (POOL I) REMIC DELINQUENCIES AS OF -JUNE 30, 1997
REMIC OUTSTANDING # SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT 1997-A-I $451,178,764.87 10607 1 TO 29 DAYS 60,805,626.31 1452 13.48% 30 TO 59 DAYS 5,104,011.15 123 1.13% 60 TO 89 DAYS 2,800,941.71 47 0.62% 90 AND OVER 2,600,915.73 47 0.58% FORECLOSURE 603,393.53 9 0.13% REO PROPERTY 0.00 0 0.00% TOTALS $71,914,888.43 1,678 15.94% ==================================
EXHIBIT O (POOL II) REMIC DELINQUENCIES AS OF -JUNE 30, 1997
REMIC OUTSTANDING # SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT 1997-A-II $306,562,765.10 3861 1 TO 29 DAYS 37,556,610.30 484 12.25% 30 TO 59 DAYS 2,141,799.79 40 0.70% 60 TO 89 DAYS 2,091,886.90 28 0.68% 90 AND OVER 1,122,027.06 13 0.37% FORECLOSURE 327,461.88 4 0.11% REO PROPERTY 0.00 0 0.00% TOTALS $43,239,785.93 569 14.10% ==================================
EXHIBIT O (POOL III) REMIC DELINQUENCIES AS OF -JUNE 30, 1997
REMIC OUTSTANDING # SERIES DOLLARS ACCOUNTS RANGES AMOUNT NO PCT 1997-A-III 9,975,595.06 52 1 TO 29 DAYS 0.00 0 0.00% 30 TO 59 DAYS 0.00 0 0.00% 60 TO 89 DAYS 0.00 0 0.00% 90 AND OVER 0.00 0 0.00% FORECLOSURE 0.00 0 0.00% REO PROPERTY 0.00 0 0.00% TOTALS $ 0.00 0 0.00% ==============================
1997-A The following additional information, presented in dollars, pursuant to Secton 6.10 subclauses (ii), (vi), (vii), (viii), (xiii), (xv), (xxxvi) is provided for each Class per $1,000 (or per $25,000 for Class A-11) original dollar amount as of the Cut-Off Date.
POOL I SUBCLAUSE CLASS A-1 CLASS A-2 CLASS A-3 CLASS A-4 - ----------------------------------------------------------------------------- (ii) 835.81 1,000.00 1,000.00 1,000.00 (vi) 53.12 0.00 0.00 0.00 (vii) 11.87 0.00 0.00 0.00 (viii) 12.56 0.00 0.00 0.00 (xiii) (a) 4.53 5.47 5.56 5.74 (b) 93.02 0.00 0.00 0.00 (c) 0.00 0.00 0.00 0.00 (d) 0.00 0.00 0.00 0.00 (xv) 742.80 1,000.00 1,000.00 1,000.00 (xxxvi) 0.00 0.00 0.00 0.00 SUBCLAUSE CLASS A-5 CLASS A-6 CLASS A-7 CLASS A-8 - ----------------------------------------------------------------------------- (ii) 1,000.00 1,000.00 1,000.00 1,000.00 (vi) 0.00 0.00 0 0.00 (vii) 0.00 0.00 0 0.00 (viii) 0.00 0.00 0 0.00 (xiii) (a) 5.88 6.01 6.18 6.42 (b) 0.00 0.00 0 0.00 (c) 0.00 0.00 0 0.00 (d) 0.00 0.00 0 0.00 (xv) 1,000.00 1,000.00 1,000.00 1,000.00 (xxxvi) 0.00 0.00 0 0
POOL II POOL III POOL IV SUBCLAUSE CLASS A-9 CLASS A-10 CLASS A-11 CLASS A-12 CLASS A-1 - --------------------------------------------------------------------------------------------------------- (ii) 1,000.00 959.60 25,000.00 990.87 993.11 (vi) 0.00 0.00 0.00 0.00 35.15 (vii) 0.00 0.61 0.00 0.00 0.00 (viii) 0.00 0.00 0.00 0.32 0.17 (xiii) (a) 6.03 4.50 114.39 6.21 5.88 (b) 0.00 23.33 0.00 2.73 38.05 (c) 0.00 0.00 0.00 0.00 0.00 (d) 0.00 0.00 0.00 0.00 0.00 (xv) 1,000.00 936.27 25,000.00 988.14 955.06 (xxxvi) 0.00 0.00 0.00 0.00 0.00
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