EX-99.1 2 0002.txt
Mellon Residential Funding Corporation Mortgage Pass-Through Certificates Record Date: 4/30/2000 Distribution Date: 5/25/2000 MRF Series: 2000-TBC1 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 585525DP0 SEQ 6.82830% 80,399,323.40 457,492.16 22,676.83 A-2A 585525DQ8 SEQ 6.92181% 87,246,364.64 503,252.49 474,818.37 A-2B 585525DR6 SEQ 6.92181% 101,930,500.00 587,953.19 0.00 A-2C 585525DS4 SEQ 6.92181% 106,500,300.00 614,312.61 0.00 A-3A 585525DT2 SEQ 7.02807% 15,936,740.87 93,337.07 244,617.24 A-3B 585525DU9 SEQ 7.02807% 18,454,300.00 108,081.71 0.00 A-3C 585525DV7 SEQ 7.02807% 20,337,000.00 119,108.17 0.00 A-R 585525DW5 RES 6.92200% 0.00 0.00 0.00 X MRF00001X IO 0.00000% 0.00 0.00 0.00 B-1 585525DX3 SUB 6.91789% 3,366,400.00 19,407.00 0.00 B-2 585525DY1 SUB 6.91789% 3,366,300.00 19,406.42 0.00 B-3 585525DZ8 SUB 6.91789% 2,244,200.00 12,937.61 0.00 B-4 585525EA2 SUB 6.91789% 2,244,400.00 12,938.77 0.00 B-5 585525EB0 SUB 6.91789% 1,122,000.00 6,468.23 0.00 B-6 585525EC8 SUB 6.91789% 1,122,306.00 6,470.00 0.00 Totals 444,270,134.91 2,561,165.43 742,112.44
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 80,376,646.57 480,168.99 0.00 A-2A 0.00 86,771,546.27 978,070.86 0.00 A-2B 0.00 101,930,500.00 587,953.19 0.00 A-2C 0.00 106,500,300.00 614,312.61 0.00 A-3A 0.00 15,692,123.63 337,954.31 0.00 A-3B 0.00 18,454,300.00 108,081.71 0.00 A-3C 0.00 20,337,000.00 119,108.17 0.00 A-R 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 B-1 0.00 3,366,400.00 19,407.00 0.00 B-2 0.00 3,366,300.00 19,406.42 0.00 B-3 0.00 2,244,200.00 12,937.61 0.00 B-4 0.00 2,244,400.00 12,938.77 0.00 B-5 0.00 1,122,000.00 6,468.23 0.00 B-6 0.00 1,122,306.00 6,470.00 0.00 Totals 0.00 443,528,022.47 3,303,277.87 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 81,364,400.00 80,399,323.40 4,128.79 18,548.04 0.00 0.00 A-2A 90,040,000.00 87,246,364.64 1,532.31 473,286.06 0.00 0.00 A-2B 101,930,500.00 101,930,500.00 0.00 0.00 0.00 0.00 A-2C 106,500,300.00 106,500,300.00 0.00 0.00 0.00 0.00 A-3A 16,757,500.00 15,936,740.87 0.00 244,617.24 0.00 0.00 A-3B 18,454,300.00 18,454,300.00 0.00 0.00 0.00 0.00 A-3C 20,337,000.00 20,337,000.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 3,366,400.00 3,366,400.00 0.00 0.00 0.00 0.00 B-2 3,366,300.00 3,366,300.00 0.00 0.00 0.00 0.00 B-3 2,244,200.00 2,244,200.00 0.00 0.00 0.00 0.00 B-4 2,244,400.00 2,244,400.00 0.00 0.00 0.00 0.00 B-5 1,122,000.00 1,122,000.00 0.00 0.00 0.00 0.00 B-6 1,122,306.00 1,122,306.00 0.00 0.00 0.00 0.00 Totals 448,849,706.00 444,270,134.91 5,661.10 736,451.34 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 22,676.83 80,376,646.57 0.98786013 22,676.83 A-2A 474,818.37 86,771,546.27 0.96369998 474,818.37 A-2B 0.00 101,930,500.00 1.00000000 0.00 A-2C 0.00 106,500,300.00 1.00000000 0.00 A-3A 244,617.24 15,692,123.63 0.93642391 244,617.24 A-3B 0.00 18,454,300.00 1.00000000 0.00 A-3C 0.00 20,337,000.00 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 X 0.00 0.00 0.00000000 0.00 X 0.00 0.00 0.00000000 0.00 B-1 0.00 3,366,400.00 1.00000000 0.00 B-2 0.00 3,366,300.00 1.00000000 0.00 B-3 0.00 2,244,200.00 1.00000000 0.00 B-4 0.00 2,244,400.00 1.00000000 0.00 B-5 0.00 1,122,000.00 1.00000000 0.00 B-6 0.00 1,122,306.00 1.00000000 0.00 Totals 742,112.44 443,528,022.47 0.98814373 742,112.44
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 81,364,400.00 988.13883467 0.05074443 0.22796260 0.00000000 A-2A 90,040,000.00 968.97339671 0.01701810 5.25639782 0.00000000 A-2B 101,930,500.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-2C 106,500,300.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-3A 16,757,500.00 951.02138565 0.00000000 14.59747814 0.00000000 A-3B 18,454,300.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-3C 20,337,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 3,366,400.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 3,366,300.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 2,244,200.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 2,244,400.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 1,122,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 1,122,306.00 1000.00000000 0.00000000 0.00000000 0.00000000 (2) 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 0.27870703 987.86012765 0.98786013 0.27870703 A-2A 0.00000000 5.27341593 963.69998079 0.96369998 5.27341593 A-2B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-2C 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-3A 0.00000000 14.59747814 936.42390750 0.93642391 14.59747814 A-3B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-3C 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1,000.00000000 1.00000000 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 81,364,400.00 6.82830% 80,399,323.40 457,492.16 0.00 0.00 A-2A 90,040,000.00 6.92181% 87,246,364.64 503,252.49 0.00 0.00 A-2B 101,930,500.00 6.92181% 101,930,500.00 587,953.19 0.00 0.00 A-2C 106,500,300.00 6.92181% 106,500,300.00 614,312.61 0.00 0.00 A-3A 16,757,500.00 7.02807% 15,936,740.87 93,337.07 0.00 0.00 A-3B 18,454,300.00 7.02807% 18,454,300.00 108,081.71 0.00 0.00 A-3C 20,337,000.00 7.02807% 20,337,000.00 119,108.17 0.00 0.00 A-R 100.00 6.92200% 0.00 0.00 0.00 0.00 X 0.00 0.00000% 444,270,135.80 0.00 0.00 0.00 B-1 3,366,400.00 6.91789% 3,366,400.00 19,407.00 0.00 0.00 B-2 3,366,300.00 6.91789% 3,366,300.00 19,406.42 0.00 0.00 B-3 2,244,200.00 6.91789% 2,244,200.00 12,937.61 0.00 0.00 B-4 2,244,400.00 6.91789% 2,244,400.00 12,938.77 0.00 0.00 B-5 1,122,000.00 6.91789% 1,122,000.00 6,468.23 0.00 0.00 B-6 1,122,306.00 6.91789% 1,122,306.00 6,469.99 0.01 0.00 Totals 448,849,706.00 2,561,165.42 0.01 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 0.00 457,492.16 0.00 80,376,646.57 A-2A 0.00 0.00 503,252.49 0.00 86,771,546.27 A-2B 0.00 0.00 587,953.19 0.00 101,930,500.00 A-2C 0.00 0.00 614,312.61 0.00 106,500,300.00 A-3A 0.00 0.00 93,337.07 0.00 15,692,123.63 A-3B 0.00 0.00 108,081.71 0.00 18,454,300.00 A-3C 0.00 0.00 119,108.17 0.00 20,337,000.00 A-R 0.00 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 443,528,023.36 B-1 0.00 0.00 19,407.00 0.00 3,366,400.00 B-2 0.00 0.00 19,406.42 0.00 3,366,300.00 B-3 0.00 0.00 12,937.61 0.00 2,244,200.00 B-4 0.00 0.00 12,938.77 0.00 2,244,400.00 B-5 0.00 0.00 6,468.23 0.00 1,122,000.00 B-6 0.00 0.00 6,470.00 10.30 1,122,306.00 Totals 0.00 0.00 2,561,165.43 10.30 (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 81,364,400.00 6.82830% 988.13883467 5.62275590 0.00000000 0.00000000 A-2A 90,040,000.00 6.92181% 968.97339671 5.58921024 0.00000000 0.00000000 A-2B 101,930,500.00 6.92181% 1000.00000000 5.76817724 0.00000000 0.00000000 A-2C 106,500,300.00 6.92181% 1000.00000000 5.76817727 0.00000000 0.00000000 A-3A 16,757,500.00 7.02807% 951.02138565 5.56986842 0.00000000 0.00000000 A-3B 18,454,300.00 7.02807% 1000.00000000 5.85672228 0.00000000 0.00000000 A-3C 20,337,000.00 7.02807% 1000.00000000 5.85672272 0.00000000 0.00000000 A-R 100.00 6.92200% 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00 0.00000% 989.79709462 0.00000000 0.00000000 0.00000000 B-1 3,366,400.00 6.91789% 1000.00000000 5.76491207 0.00000000 0.00000000 B-2 3,366,300.00 6.91789% 1000.00000000 5.76491103 0.00000000 0.00000000 B-3 2,244,200.00 6.91789% 1000.00000000 5.76490954 0.00000000 0.00000000 B-4 2,244,400.00 6.91789% 1000.00000000 5.76491267 0.00000000 0.00000000 B-5 1,122,000.00 6.91789% 1000.00000000 5.76491087 0.00000000 0.00000000 B-6 1,122,306.00 6.91789% 1000.00000000 5.76490725 0.00000891 0.00000000 (5) 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 5.62275590 0.00000000 987.86012765 A-2A 0.00000000 0.00000000 5.58921024 0.00000000 963.69998079 A-2B 0.00000000 0.00000000 5.76817724 0.00000000 1000.00000000 A-2C 0.00000000 0.00000000 5.76817727 0.00000000 1000.00000000 A-3A 0.00000000 0.00000000 5.56986842 0.00000000 936.42390750 A-3B 0.00000000 0.00000000 5.85672228 0.00000000 1000.00000000 A-3C 0.00000000 0.00000000 5.85672272 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 988.14372952 B-1 0.00000000 0.00000000 5.76491207 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 5.76491103 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 5.76490954 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 5.76491267 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 5.76491087 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 5.76491616 0.00917753 1000.00000000 (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 ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 3,399,166.16 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 3,399,166.16 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 95,888.29 Payment of Interest and Principal 3,303,277.87 Total Withdrawals (Pool Distribution Amount) 3,399,166.16 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 92,556.27 Trustee Fee 3,332.02 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 95,888.29
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 0 0.00 0.000000% 0.000000% 60 Days 0 0.00 0.000000% 0.000000% 90+ Days 0 0.00 0.000000% 0.000000% Foreclosure 0 0.00 0.000000% 0.000000% REO 0 0.00 0.000000% 0.000000% Totals 0 0.00 0.000000% 0.000000%
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
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 200,000.00 0.04455834% 200,000.00 0.04509298% Fraud 2,057,249.00 0.45833805% 8,976,994.00 2.02399703% Special Hazard 5,657,801.00 1.26051124% 7,185,000.00 1.61996528% Limit of Subordinate's Exposure to Certain Types of Losses
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 7.176860% Weighted Average Net Coupon 6.926859% Weighted Average Pass-Through Rate 6.917858% Weighted Average Maturity(Stepdown Calculation ) 350 Beginning Scheduled Collateral Loan Count 739 Number Of Loans Paid In Full 2 Ending Scheduled Collateral Loan Count 737 Beginning Scheduled Collateral Balance 444,270,135.80 Ending Scheduled Collateral Balance 443,528,023.36 Ending Actual Collateral Balance at 30-Apr-2000 443,528,023.36 Monthly P &I Constant 2,662,714.82 Ending Scheduled Balance for Premium Loans 443,528,023.36
Group Senior Percentage 100% Group Subordinated Percentage 0% Group Senior Prepayment Percentage 100%
Group Level Collateral Statement Group ID 1 2 3 Total Collateral Description 1 Year CMT. ARM 1 Year CMT. ARM 1 Year CMT. ARM Weighted Average Coupon Rate 7.087298 7.180813 7.287067 Weighted Average Net Rate 6.828299 6.921813 7.028067 Weighted Average Maturity 340.00 352.00 350.00 Beginning Loan Count 167 477 95 739 Loans Paid In Full 0 1 1 2 Ending Loan Count 167 476 94 737 Beginning Scheduled Balance 82,915,767.06 304,908,279.94 56,446,088.80 444,270,135.80 Ending scheduled Balance 82,893,090.23 304,433,461.57 56,201,471.56 443,528,023.36 Record Date 4/30/00 4/30/00 4/30/00 Principal And Interest Constant 493,836.11 1,826,106.68 342,772.03 2,662,714.82 Scheduled Principal 4,128.79 1,532.31 0.00 5,661.10 Unscheduled Principal 18,548.04 473,286.06 244,617.24 736,451.34 Scheduled Interest 489,707.32 1,824,574.37 342,772.03 2,657,053.72 Servicing Fees 17,274.11 63,522.56 11,759.60 92,556.27 Master Servicing Fees 0.00 0.00 0.00 0.00 Trustee Fee 621.86 2,286.81 423.35 3,332.02 FRY Amount 0.00 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 0.00 Net Interest 471,811.35 1,758,765.00 330,589.08 2,561,165.43 Realized Loss Amount 0.00 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 0.00 Percentage of Cumulative Losses 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 0.00 0.00 0.00 0.00 0.00 0.00 Percentage Of Balance 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% Loan Count 0 0 0 0 0 0 Percentage Of Loans 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 2 Principal Balance 0.00 0.00 0.00 0.00 0.00 0.00 Percentage Of Balance 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% Loan Count 0 0 0 0 0 0 Percentage Of Loans 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 3 Principal Balance 0.00 0.00 0.00 0.00 0.00 0.00 Percentage Of Balance 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% Loan Count 0 0 0 0 0 0 Percentage Of Loans 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% Totals:Principal Balance 0.00 0.00 0.00 0.00 0.00 0.00 Percentage of Balance 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% Loan Count 0 0 0 0 0 0 Percentage Of Loans 0.000% 0.000% 0.000% 0.000% 0.000% 0.000%