EX-99.1 2 0002.txt
Amortizing Residential Collateral Mortgage Trust Mortgage Pass-Through Certificates Record Date: 4/30/2000 Distribution Date: 5/25/2000 ARC Series: 2000-BC1 Contact: Customer Service - CTSLink Norwest Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 846-8152 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 863572K85 SEN 6.46500% 924,650,144.38 4,981,552.65 27,390,700.47 A-2 863572K93 SEN 8.05000% 267,063,543.47 1,791,551.27 3,360,741.95 M-1 863572L27 MEZ 6.62500% 40,604,000.00 224,167.92 0.00 M-2 863572L35 MEZ 7.12500% 40,604,000.00 241,086.25 0.00 B 863572L43 SUB 8.39500% 13,534,000.00 94,681.61 0.00 X SAC00BC1X SEN 0.00000% 0.00 1,970,652.61 0.00 P SAC00BC1P SEN 0.00000% 0.00 231,350.22 0.00 OC SAC00BCOC SEN 0.00000% 647.72 0.00 0.00 R-III SAC00B1R3 SEN 0.00000% 0.00 0.00 0.00 R-II SAC00B1R2 SEN 0.00000% 0.00 0.00 0.00 R-I SAC00B1R1 SEN 0.00000% 0.00 0.00 0.00 Totals 1,286,456,335.5 9,535,042.53 30,751,442.42
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 897,259,443.91 32,372,253.12 0.00 A-2 0.00 263,702,801.52 5,152,293.22 0.00 M-1 0.00 40,604,000.00 224,167.92 0.00 M-2 0.00 40,604,000.00 241,086.25 0.00 B 0.00 13,534,000.00 94,681.61 0.00 X 0.00 0.00 1,970,652.61 0.00 P 0.00 0.00 231,350.22 0.00 OC 0.00 647.72 0.00 0.00 R-III 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-I 0.00 0.00 0.00 0.00 Totals 0.00 1,255,704,893.15 40,286,484.95 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1 983,064,000.00 924,650,144.38 590,225.45 26,800,475.02 0.00 0.00 A-2 275,679,000.00 267,063,543.47 236,666.44 3,124,075.51 0.00 0.00 M-1 40,604,000.00 40,604,000.00 0.00 0.00 0.00 0.00 M-2 40,604,000.00 40,604,000.00 0.00 0.00 0.00 0.00 B 13,534,000.00 13,534,000.00 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 OC 647.72 647.72 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 0.00 R-I 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,353,485,647.7 1,286,456,335.57 826,891.89 29,924,550.53 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1 27,390,700.47 897,259,443.91 0.91271722 27,390,700.47 A-2 3,360,741.95 263,702,801.52 0.95655745 3,360,741.95 M-1 0.00 40,604,000.00 1.00000000 0.00 M-2 0.00 40,604,000.00 1.00000000 0.00 B 0.00 13,534,000.00 1.00000000 0.00 X 0.00 0.00 0.00000000 0.00 P 0.00 0.00 0.00000000 0.00 OC 0.00 647.72 1.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-I 0.00 0.00 0.00000000 0.00 Totals 30,751,442.42 1,255,704,893.15 0.92775634 30,751,442.42
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 983,064,000.00 940.57980394 0.60039372 27.26218743 0.00000000 A-2 275,679,000.00 968.74823062 0.85848556 11.33229412 0.00000000 M-1 40,604,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 40,604,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 13,534,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 OC 647.72 1000.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00 0.00000000 0.00000000 0.00000000 0.00000000 All Classes are per $1,000 denomination
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 27.86258114 912.71722280 0.91271722 27.86258114 A-2 0.00000000 12.19077967 956.55745095 0.95655745 12.19077967 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 983,064,000.00 6.46500% 924,650,144.38 4,981,552.65 0.00 0.00 A-2 275,679,000.00 8.05000% 267,063,543.47 1,791,551.27 0.00 0.00 M-1 40,604,000.00 6.62500% 40,604,000.00 224,167.92 0.00 0.00 M-2 40,604,000.00 7.12500% 40,604,000.00 241,086.25 0.00 0.00 B 13,534,000.00 8.39500% 13,534,000.00 94,681.61 0.00 0.00 X 0.00 0.00000% 0.00 0.00 0.00 0.00 P 0.00 0.00000% 0.00 0.00 0.00 0.00 OC 647.72 0.00000% 647.72 0.00 0.00 0.00 R-III 0.00 0.00000% 0.00 0.00 0.00 0.00 R-II 0.00 0.00000% 0.00 0.00 0.00 0.00 R-I 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,353,485,647.7 7,333,039.70 0.00 0.00
Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 0.00 0.00 4,981,552.65 0.00 897,259,443.91 A-2 0.00 0.00 1,791,551.27 0.00 263,702,801.52 M-1 0.00 0.00 224,167.92 0.00 40,604,000.00 M-2 0.00 0.00 241,086.25 0.00 40,604,000.00 B 0.00 0.00 94,681.61 0.00 13,534,000.00 X 0.00 0.00 1,970,652.61 0.00 0.00 P 0.00 0.00 231,350.22 0.00 0.00 OC 0.00 0.00 0.00 0.00 647.72 R-III 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-I 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 9,535,042.53 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1 983,064,000.00 6.46500% 940.57980394 5.06737369 0.00000000 0.00000000 A-2 275,679,000.00 8.05000% 968.74823062 6.49868604 0.00000000 0.00000000 M-1 40,604,000.00 6.62500% 1000.00000000 5.52083342 0.00000000 0.00000000 M-2 40,604,000.00 7.12500% 1000.00000000 5.93750000 0.00000000 0.00000000 B 13,534,000.00 8.39500% 1000.00000000 6.99583346 0.00000000 0.00000000 X 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 OC 647.72 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 All Classes are per $1,000 denomination
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.00000000 0.00000000 5.06737369 0.00000000 912.71722280 A-2 0.00000000 0.00000000 6.49868604 0.00000000 956.55745095 M-1 0.00000000 0.00000000 5.52083342 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 5.93750000 0.00000000 1000.00000000 B 0.00000000 0.00000000 6.99583346 0.00000000 1000.00000000 X 0.00000000 0.00000000 4926631525000.00 0.00000000 0.00000000 P 0.00000000 0.00000000 578375550000.000 0.00000000 0.00000000 OC 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Certificateholder Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Rate Balance Balance Balance Balance Percentage Class Loss Mitigation 0.01500% 0.00 0.00 0.00 0.00 0.00000000% Fee
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 41,154,683.01 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Total Deposits 41,154,683.01 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 868,198.06 Payment of Interest and Principal 40,286,484.95 Total Withdrawals (Pool Distribution Amount) 41,154,683.01 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 491,399.30 Trustee Fee - First Union 803.22 PMI Fees 349,575.56 Master Servicing Fee - Norwest Bank 10,339.28 Loss Mitigation Fee 16,080.70 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 868,198.06
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.00 0.00 1,000.00
CERTIFICATEHOLDER DELINQUENCY/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS Percentage Delinquent Based On Current Unpaid Number Principal Number Unpaid Of Loans Balance Of Loans Balance 30 Days 194 22,034,372.47 1.913592% 1.754741% 60 Days 123 13,721,769.44 1.213257% 1.092754% 90+ Days 61 5,430,744.24 0.601697% 0.432486% Foreclosure 82 9,283,874.71 0.808838% 0.739336% REO 1 34,460.58 0.009864% 0.002744% Totals 461 50,505,221.44 4.547248% 4.022061%
OTHER INFORMATION Current Period Realized Loss - Includes Interest Shortfall 0.00 Cumulative Realized Losses - Includes Interest Shortfall 0.00 Principal Balance of Contaminated Properties 0.00 Current Period Class Class A Insufficient Funds 0.00 Periodic Advance 0.00
COLLATERAL STATEMENT Collateral Description 6 Month LIBOR ARM Weighted Average Gross Coupon 9.535046% Weighted Average Net Coupon 9.029809% Weighted Average Pass-Through Rate 8.692978% Weighted Average Maturity(Stepdown Calculation ) 323 Beginning Scheduled Collateral Loan Count 10,359 Number Of Loans Paid In Full 221 Ending Scheduled Collateral Loan Count 10,138 Beginning Scheduled Collateral Balance 1,286,456,335.57 Ending Scheduled Collateral Balance 1,255,704,893.15 Ending Actual Collateral Balance at 30-Apr-2000 1,256,544,825.11 Monthly P &I Constant 11,048,908.30 Ending Scheduled Balance for Premium Loans 1,239,377,550.36 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 6,767,428.24 Overcollateralized Amount 647.72 Overcollateralized Deficiency Amount 6,766,780.52 Base Overcollateralized Amount 0.00
PMI Claims Filed $0.00 PMI Claims Paid $0.00 PMI Claims Denied $0.00
Group Level Collateral Statement Group ID 1 2 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 9.570324 9.412637 Weighted Average Net Rate 8.728548 8.779013 Weighted Average Maturity 335.00 278.00 Beginning Loan Count 6,983 3,376 10,359 Loans Paid In Full 183 38 221 Ending Loan Count 6,800 3,338 10,138 Beginning Scheduled Balance 998,643,545.96 287,812,789.61 1,286,456,335.57 Ending scheduled Balance 971,252,845.49 284,452,047.66 1,255,704,893.15 Record Date 4/30/00 4/30/00 Principal And Interest Constant 8,554,677.46 2,494,230.84 11,048,908.30 Scheduled Principal 590,225.45 236,666.44 826,891.89 Unscheduled Principal 26,800,475.02 3,124,075.51 29,924,550.53 Scheduled Interest 7,964,452.01 2,257,564.40 10,222,016.41 Servicing Fees 396,767.62 94,631.59 491,399.21 Master Servicing Fees 8,322.03 2,398.41 10,720.44 Trustee Fee 624.18 179.91 804.09 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 294,815.11 54,760.89 349,576.00 Net Interest 7,263,923.07 2,105,593.60 9,369,516.67 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 0.00 0.00 0.00
Delinquency Status By Groups Group 30 Days 60 Days 90 + Days Foreclosure REO Bankruptcy 1 Principal Balance 19,883,958.31 13,012,638.87 4,265,782.42 8,835,980.32 34,460.58 3,328,621.54 Percentage Of Balance 2.047% 1.340% 0.439% 0.910% 0.004% 0.343% Loan Count 161 114 48 77 1 23 Percentage Of Loans 2.368% 1.676% 0.706% 1.132% 0.015% 0.338% 2 Principal Balance 2,150,414.16 709,130.57 1,164,961.82 447,894.39 0.00 0.00 Percentage Of Balance 0.756% 0.249% 0.410% 0.157% 0.000% 0.000% Loan Count 33 9 13 5 0 0 Percentage Of Loans 0.989% 0.270% 0.389% 0.150% 0.000% 0.000% Totals:Principal Balance 22,034,372.47 13,721,769.44 5,430,744.24 9,283,874.71 34,460.58 3,328,621.54 Percentage of Balance 1.755% 1.093% 0.432% 0.739% 0.003% 0.265% Loan Count 194 123 61 82 1 23 Percentage Of Loans 1.914% 1.213% 0.602% 0.809% 0.010% 0.227%