-----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, EIpYTZOKwLaKl1l4f0CvlAv2aIGJzbrpaLI+TntbFWZg/FzZrkUDvcMy0BdaDtpz T10F8YXKU+wgfxw2N0y6pQ== 0001021408-01-511447.txt : 20020413 0001021408-01-511447.hdr.sgml : 20020413 ACCESSION NUMBER: 0001021408-01-511447 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20011115 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20011217 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GREENPOINT HOME EQUITY LOAN TRUST 2000-3 CENTRAL INDEX KEY: 0001133199 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-95349-04 FILM NUMBER: 1815290 BUSINESS ADDRESS: STREET 1: 700 LARKSPUR LANDING CIRCLE STREET 2: SUITE 240 CITY: LARKSPUR STATE: CA ZIP: 94111 BUSINESS PHONE: 4157729657 8-K 1 d8k.txt EVENT DATED NOVEMBER 15, 2001 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 November 15, 2001 Date of Report (Date of Earliest Event Reported) GreenPoint Mortgage Securities Inc. (as Sponsor of the GreenPoint Home Equity Loan Trust, 2000-3, Class A-1, Class A-2 and Class A-3 Home Equity Loan Asset-Backed Notes) GREENPOINT MORTGAGE SECURITIES INC. ----------------------------------- (Exact Name of Registrant as Specified in Its Charter) Delaware 333-95349 68-0397342 -------- --------- ---------- (State or Other Jurisdiction (Commission File Number) (I.R.S. Employer of Incorporation) Identification No.) 100 Wood Hollow Drive, Doorstop #22210, Novato, CA 94945 -------------------------------------------------------- (Address of Principal Executive Offices) (415) 461-6790 -------------- (Registrant's Telephone Number, Including Area Code) Not Applicable -------------- (Former Name or Former Address, if Changed Since Last Report) INFORMATION TO BE INCLUDED IN THE REPORT Item 5. Other Events ------------ GreenPoint Mortgage Securities Inc. (the "Company") has previously registered the offer and sale of the GreenPoint Home Equity Loan Trust Asset-Backed Notes, Series 2000-2, Class A-1, Class A-2 and Class A-3 Home Equity Loan Asset-Backed Notes (the "Series 2000-3 Notes"). The following exhibit which relates specifically to the Series 2000-3 Notes is included with this Current Report: Item 7(c). Exhibits -------- 10.1 Monthly Payment Date Statement distributed to holders of Series 2000-3 Notes dated November 15, 2001. SIGNATURE 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. Date: December 17, 2001 GREENPOINT MORTGAGE SECURITIES INC. By: /s/ Robert C. Bernstein ----------------------------------------- Robert C. Bernstein Vice President, Treasurer and Secretary (Principal Financial Officer and and Principal Accounting Officer) EXHIBIT INDEX Exhibit Number Page Number - -------------- ----------- 10.1 Monthly Payment Date Statement distributed to holders of Series 2000-3 Notes dated November 15, 2001.............. 5 EX-10.1 3 dex101.txt MONTHLY PAYMENT DATE STATEMENT Exhibit 10.1 CONTACTS - -------------------------------------------------------------------------------- Administrator: Barbara A Campbell Direct Phone No: (714)247-6278 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: November 15, 2001 Record Date: November 14, 2001 - ------------------------------------------------------------------------------------------------------------------------------------
GreenPoint Home Equity Loan Trust 2000-3 Home Equity Loan Asset-Backed Notes Series 2000-3 Certificate Payment Report for November 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 72,852,811.66 171,578.49 3,925,483.30 4,097,061.79 - - 68,927,328.36 A-2 FLT,STEP 98,584,000.00 69,523,283.35 163,736.99 3,865,502.34 4,029,239.33 - - 65,657,781.00 A-3 FLT,STEP 97,966,000.00 68,609,705.09 162,176.19 5,903,872.63 6,066,048.82 - - 62,705,832.46 S - - 366,894.45 - 366,894.45 - - - R - - - - - - - - - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- Total 299,286,000.00 210,985,800.09 864,386.12 13,694,858.27 14,559,244.39 - - 197,290,941.82 - ----------------------------------------------------------------------------------------------------------------------------------
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 10/15/01 11/14/01 A-Act/360 395385AF4 102,736,000.00 709.126418 1.670091 38.209423 39.879514 670.916995 A-2 10/15/01 11/14/01 A-Act/360 395385AG2 98,584,000.00 705.218731 1.660888 39.210240 40.871129 666.008490 A-3 10/15/01 11/14/01 A-Act/360 395385AH0 97,966,000.00 700.342007 1.655433 60.264506 61.919940 640.077501 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 4,087,212.69 32,191,908.25 1,616,763.39 33,808,671.64 37,895,884.33 - - 68,927,328.36 A-2 98,584,000.00 3,903,907.58 31,300,033.95 1,626,185.05 32,926,219.00 36,830,126.58 - - 65,657,781.00 A-3 97,966,000.00 3,801,797.60 33,871,423.27 1,388,744.27 35,260,167.54 39,061,965.14 - - 62,705,832.46 S - 764,725.77 - - - 764,725.77 - - - R - - - - - - - - - - ------------------------------------------------------------------------------------------------------------------------------------ Total 299,286,000.00 12,557,643.64 97,363,365.47 4,631,692.71 101,995,058.18 114,552,701.82 - - 197,290,941.82 - ------------------------------------------------------------------------------------------------------------------------------------
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 2.73500% 72,852,811.66 171,578.49 - - - 171,578.49 171,578.49 - A-2 2.73500% 69,523,283.35 163,736.99 - - - 163,736.99 163,736.99 - A-3 2.74500% 68,609,705.09 162,176.19 - - - 162,176.19 162,176.19 - S - - - - - - 366,894.45 - R - - - - - - - - - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- Total 210,985,800.09 497,491.67 - - - 497,491.67 864,386.12 - - ----------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- Collection Account Report - --------------------------------------------------------------------------------
SUMMARY POOL III POOL II POOL I TOTAL - ----------------------------------------------------------------------------------------------------------------------------- Net Principal Collections 5,621,076.97 3,592,557.16 3,626,641.28 12,840,275.41 TOTAL PRINCIPAL 5,621,076.97 3,592,557.16 3,626,641.28 12,840,275.41 Interest Collections 575,629.79 565,696.47 608,877.68 1,750,203.94 Interest Fees (9,459.80) (9,888.96) (10,382.02) (29,730.78) TOTAL INTEREST 566,169.99 555,807.51 598,495.66 1,720,473.16 TOTAL AVAILABLE FUNDS 6,187,246.96 4,148,364.67 4,225,136.94 14,560,748.57 - ----------------------------------------------------------------------------------------------------------------------------- PRINCIPAL - COLLECTIONS POOL III POOL II POOL I TOTAL - ----------------------------------------------------------------------------------------------------------------------------- Principal Collections 6,559,508.94 4,612,471.25 4,351,447.73 15,523,427.92 Repurchases/Substitutions 0.00 0.00 0.00 0.00 Liquidations 0.00 57,974.10 363,169.97 421,144.07 Insurance Principal 0.00 0.00 0.00 0.00 Liquidation Loss Amounts 0.00 (36,200.00) (119,233.66) (155,433.66) Additional Balances (938,431.97) (1,041,688.19) (968,742.76) (2,948,862.92) Draw Amount on Demand Note 0.00 0.00 0.00 0.00 TOTAL PRINCIPAL COLLECTED 5,621,076.97 3,592,557.16 3,626,641.28 12,840,275.41 - ----------------------------------------------------------------------------------------------------------------------------- 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 604,453.54 594,687.25 636,621.44 1,835,762.23 Repurchases/Substitutions 0.00 0.00 0.00 0.00 Liquidations 0.00 381.36 3,122.19 3,503.55 Insurance Interest 0.00 0.00 0.00 0.00 Other Additional Interest 0.00 0.00 0.00 0.00 Current Servicing Fee (28,823.75) (29,372.14) (30,865.95) (89,061.84) TOTAL INTEREST 575,629.79 565,696.47 608,877.68 1,750,203.94 - -----------------------------------------------------------------------------------------------------------------------------
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 576.47 587.44 617.32 1,781.23 Certificate Insurer Premium 8,883.33 9,301.52 9,764.70 27,949.55 Management Fee 0.00 0.00 0.00 0.00 TOTAL INTEREST FEES 9,459.80 9,888.96 10,382.02 29,730.78 - --------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- 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 1.8717% 1.9190% 1.0568% Rolling Six-month Pool Delinquency Rate 2.0059% 1.7343% 1.2685% Prior Overcollateralization Amount 0.00 0.00 0.00 0.00 Specified Overcollateralization Amount 2,161,032.93 2,174,666.96 2,852,655.30 7,188,355.19 Overcollateralization Amount 567,287.97 933,657.18 1,106,227.65 2,607,172.80 Overcollateralization Deficiency Amount 1,593,744.96 1,241,009.78 1,746,427.65 4,581,182.39 Overcollateralization Deficit 0.00 0.00 0.00 0.00 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 282,795.66 272,945.18 298,842.02 854,582.86 Cumulative Accelerated Principal Payment 1,213,604.95 1,261,150.29 1,524,303.33 3,999,058.58 - ----------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------- Collateral Report - -------------------------------------------------------------------------------
COLLATERAL POOL III POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------- Loan Count: Original 583 2188 2664 5435 Prior 400 1,551 1,888 3,839 Prefunding - - - - Scheduled Paid Offs - - - - Full Voluntary Prepayments (29) (87) (92) (208) Repurchases - - - - Liquidations - (2) (4) (6) --------------------------------------------------------------------------------------------------------------------------- Current 371 1,462 1,792 3,625 Principal Balance: Original 96,045,908.07 96,651,865.01 100,721,912.99 293,419,686.07 Prior 69,176,993.06 70,493,140.53 74,078,272.97 213,748,406.56 Prefunding - - - - Scheduled Principal (121,289.92) (143,318.61) (141,583.90) (406,192.43) Partial and Full Voluntary Prepayments (6,438,219.02) (4,469,152.64) (4,209,863.83) (15,117,235.49) Repurchases - - - - Liquidations - (57,974.10) (363,169.97) (421,144.07) --------------------------------------------------------------------------------------------------------------------------- Current 63,555,916.09 66,864,383.37 70,332,398.03 200,752,697.49 - ------------------------------------------------------------------------------------------------------------------------------- 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 9.957929% 9.855330% 9.982959% 9.932795% Weighted Average Coupon Current 9.750371% 9.658220% 9.778613% 9.729768% --------------------------------------------------------------------------------------------------------------------------- Weighted Average Months to Maturity Original 194 199 197 197 Weighted Average Months to Maturity Prior 186 191 187 188 Weighted Average Months to Maturity Current 185 191 186 187 --------------------------------------------------------------------------------------------------------------------------- Weighted Avg Remaining Amortization Term Original 200 214 208 207 Weighted Avg Remaining Amortization Term Prior 195 205 199 200 Weighted Avg Remaining Amortization Term Current 193 204 198 198 --------------------------------------------------------------------------------------------------------------------------- Weighted Average Seasoning Original 2.84 2.88 3.04 2.93 Weighted Average Seasoning Prior 9.88 9.99 10.17 10.01 Weighted Average Seasoning Current 10.87 10.97 11.18 11.01 - -------------------------------------------------------------------------------------------------------------------------------
Note: Original information refers to deal issue.
ARM CHARACTERISTICS POOL III POOL II POOL I TOTAL - ----------------------------------------------------------------------------------------------------------------------------------- Weighted Average Margin Original 2.966% 2.411% 2.558% Weighted Average Margin Prior 2.984% 2.368% 2.517% Weighted Average Margin Current 2.961% 2.359% 2.506% ------------------------------------------------------------------------------------------------------------------------------- Weighted Average Max Rate Original 17.703% 17.039% 17.227% Weighted Average Max Rate Prior 17.666% 17.205% 17.275% Weighted Average Max Rate Current 17.651% 17.204% 17.281% ------------------------------------------------------------------------------------------------------------------------------- Weighted Average Min Rate Original 6.606% 7.182% 7.837% Weighted Average Min Rate Prior 6.609% 7.070% 7.795% Weighted Average Min Rate Current 6.590% 7.085% 7.786% ------------------------------------------------------------------------------------------------------------------------------- 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 28,823.75 29,372.14 30,865.95 89,061.84 - ----------------------------------------------------------------------------------------------------------------------------------- ADDITIONAL COLLATERAL INFORMATION POOL III POOL II POOL I TOTAL - ----------------------------------------------------------------------------------------------------------------------------------- SPACE INTENTIONALLY LEFT BLANK - -----------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------- Delinquency Report - Total - --------------------------------------------------------------------------------------------------------------------------------- CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL - --------------------------------------------------------------------------------------------------------------------------------- DELINQUENT Balance 6,326,536.00 1,534,726.05 402,490.74 8,263,752.79 % Balance 3.15% 0.76% 0.20% 4.12% # Loans 100 21 8 129 % # Loans 2.76% 0.58% 0.22% 3.56% - --------------------------------------------------------------------------------------------------------------------------------- FORECLOSURE Balance - 45,891.02 - 1,014,722.67 1,060,613.69 % Balance 0.00% 0.02% 0.00% 0.51% 0.53% # Loans - 1 - 14 15 % # Loans 0.00% 0.03% 0.00% 0.39% 0.41% - --------------------------------------------------------------------------------------------------------------------------------- BANKRUPTCY Balance 27,508.78 - 18,507.61 288,576.18 334,592.57 % Balance 0.01% 0.00% 0.01% 0.14% 0.17% # Loans 1 - 1 5 7 % # Loans 0.03% 0.00% 0.03% 0.14% 0.19% - --------------------------------------------------------------------------------------------------------------------------------- REO Balance - - - 37,729.48 37,729.48 % Balance 0.00% 0.00% 0.00% 0.02% 0.02% # Loans - - - 1 1 % # Loans 0.00% 0.00% 0.00% 0.03% 0.03% - --------------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------------- TOTAL Balance 27,508.78 6,372,427.02 1,553,233.66 1,743,519.07 9,696,688.53 % Balance 0.01% 3.17% 0.77% 0.87% 4.83% # Loans 1 101 22 28 152 % # Loans 0.03% 2.79% 0.61% 0.77% 4.19% - --------------------------------------------------------------------------------------------------------------------------------- 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 2,335,300.82 381,377.98 52,079.48 2,768,758.28 % Balance 3.32% 0.54% 0.07% 3.94% # Loans 51 9 2 62 % # Loans 2.85% 0.50% 0.11% 3.46% - --------------------------------------------------------------------------------------------------------------------------------- FORECLOSURE Balance - - - 316,935.25 316,935.25 % Balance 0.00% 0.00% 0.00% 0.45% 0.45% # Loans - - - 7 7 % # Loans 0.00% 0.00% 0.00% 0.39% 0.39% - --------------------------------------------------------------------------------------------------------------------------------- BANKRUPTCY Balance - - - 119,492.48 119,492.48 % Balance 0.00% 0.00% 0.00% 0.17% 0.17% # Loans - - - 2 2 % # Loans 0.00% 0.00% 0.00% 0.11% 0.11% - --------------------------------------------------------------------------------------------------------------------------------- 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 - 2,335,300.82 381,377.98 488,507.21 3,205,186.01 % Balance 0.00% 3.32% 0.54% 0.69% 4.56% # Loans - 51 9 11 71 % # Loans 0.00% 2.85% 0.50% 0.61% 3.96% - --------------------------------------------------------------------------------------------------------------------------------- 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 2,190,465.14 449,474.08 213,155.03 2,853,094.25 % Balance 3.28% 0.67% 0.32% 4.27% # Loans 42 10 5 57 % # Loans 2.87% 0.68% 0.34% 3.90% - ----------------------------------------------------------------------------------------------------------------------------- FORECLOSURE Balance - 45,891.02 - 349,317.66 395,208.68 % Balance 0.00% 0.07% 0.00% 0.52% 0.59% # Loans - 1 - 5 6 % # Loans 0.00% 0.07% 0.00% 0.34% 0.41% - ----------------------------------------------------------------------------------------------------------------------------- BANKRUPTCY Balance 27,508.78 - 18,507.61 169,083.70 215,100.09 % Balance 0.04% 0.00% 0.03% 0.25% 0.32% # Loans 1 - 1 3 5 % # Loans 0.07% 0.00% 0.07% 0.21% 0.34% - ----------------------------------------------------------------------------------------------------------------------------- REO Balance - - - 37,729.48 37,729.48 % Balance 0.00% 0.00% 0.00% 0.06% 0.06% # Loans - - - 1 1 % # Loans 0.00% 0.00% 0.00% 0.07% 0.07% - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- TOTAL Balance 27,508.78 2,236,356.16 467,981.69 769,285.87 3,501,132.50 % Balance 0.04% 3.34% 0.70% 1.15% 5.24% # Loans 1 43 11 14 69 % # Loans 0.07% 2.94% 0.75% 0.96% 4.72% - ----------------------------------------------------------------------------------------------------------------------------- Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+ - ----------------------------------------------------------------------------------------------------------------------------- Delinquency Report - Pool III Group - ----------------------------------------------------------------------------------------------------------------------------- CURRENT 1 PAYMENT 2 PAYMTS 3+ PAYMTS TOTAL - ----------------------------------------------------------------------------------------------------------------------------- DELINQUENT Balance 1,800,770.04 703,873.99 137,256.23 2,641,900.26 % Balance 2.83% 1.11% 0.22% 4.16% # Loans 7 2 1 10 % # Loans 1.89% 0.54% 0.27% 2.70% - ----------------------------------------------------------------------------------------------------------------------------- FORECLOSURE Balance - - - 348,469.76 348,469.76 % Balance 0.00% 0.00% 0.00% 0.55% 0.55% # Loans - - - 2 2 % # Loans 0.00% 0.00% 0.00% 0.54% 0.54% - ----------------------------------------------------------------------------------------------------------------------------- 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 - 1,800,770.04 703,873.99 485,725.99 2,990,370.02 % Balance 0.00% 2.83% 1.11% 0.76% 4.71% # Loans - 7 2 3 12 % # Loans 0.00% 1.89% 0.54% 0.81% 3.23% - ----------------------------------------------------------------------------------------------------------------------------- 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 = Not Available Total Original Principal Balance = 000.00 Loan Group 2 = Pool II Group; REO Book Value = Not Available Total Current Balance = 000.00 Loan Group 3 = Pool III Group; REO Book Value = Not Available REO Book Value = Not Available - ------------------------------------------------------------------------------------------------------------------------------------
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 - ------------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------- Prepayment Report - Voluntary Prepayments - --------------------------------------------------------------------------------------------------------------------- VOLUNTARY PREPAYMENTS POOL III POOL II POOL I TOTAL - --------------------------------------------------------------------------------------------------------------------- Current Number of Paid in Full Loans 29 87 92 208 Number of Repurchased Loans - - - - ------------------------------------------------------------------------------------------------------------------- Total Number of Loans Prepaid in Full 29 87 92 208 Paid in Full Balance 5,230,402.42 3,911,764.72 3,381,254.37 12,523,421.51 Repurchased Loans Balance - - - - Curtailments Amount 1,207,816.60 557,387.92 828,609.46 2,593,813.98 ------------------------------------------------------------------------------------------------------------------- Total Prepayment Amount 6,438,219.02 4,469,152.64 4,209,863.83 15,117,235.49 Cumulative Number of Paid in Full Loans 212 715 859 1,786 Number of Repurchased Loans - - - - ------------------------------------------------------------------------------------------------------------------- Total Number of Loans Prepaid in Full 212 715 859 1,786 Paid in Full Balance 40,155,390.00 35,726,836.78 36,490,823.64 112,373,050.42 Repurchased Loans Balance - - - - Curtailments Amount 13,979,119.37 8,896,018.55 11,420,396.36 34,295,534.28 ------------------------------------------------------------------------------------------------------------------- Total Prepayment Amount 54,134,509.37 44,622,855.33 47,911,220.00 146,668,584.70 SPACE INTENTIONALLY LEFT BLANK - --------------------------------------------------------------------------------------------------------------------- VOLUNTARY PREPAYMENT RATES POOL III POOL II POOL I TOTAL - --------------------------------------------------------------------------------------------------------------------- SMM 9.32% 6.35% 5.69% 7.09% 3 Months Avg SMM 6.99% 5.82% 6.01% 6.26% 12 Months Avg SMM Avg SMM Since Cut-off 5.93% 4.79% 4.89% 5.19% CPR 69.10% 54.51% 50.51% 58.60% 3 Months Avg CPR 58.09% 51.29% 52.45% 53.97% 12 Months Avg CPR Avg CPR Since Cut-off 51.99% 44.54% 45.21% 47.27% PSA 3179.43% 2484.66% 2259.67% 2661.41% 3 Months Avg PSA Approximation 2941.95% 2568.16% 2579.29% 2694.82% 12 Months Avg PSA Approximation Avg PSA Since Cut-off Approximation 3892.22% 3317.04% 3282.71% 3495.02% - ----------------------------------------------------------------------------------------------------------------------
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 III POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ Current Number of Loans Liquidated - 2 4 6 Collateral Realized Loss/(Gain) Amount - 36,200.00 119,233.66 155,433.66 Net Liquidation Proceeds - 21,774.10 243,936.31 265,710.41 Cumulative Number of Loans Liquidated - 13 12 25 Collateral Realized Loss/(Gain) Amount 462,593.66 74,974.15 119,233.66 656,801.47 Net Liquidation Proceeds (462,593.66) 516,971.08 635,862.85 690,240.27 Note: Collateral realized losses may include adjustments to loans liquidated in prior periods. Cumulative Losses as % of Original Balance 0.4816% 0.0776% 0.1184% 0.2238% Cumulative Losses as % of Current Balance 0.7279% 0.1121% 0.1695% 0.3272% - ------------------------------------------------------------------------------------------------------------------------------------ DEFAULT SPEEDS POOL III POOL II POOL I TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ MDR 0.00% 0.08% 0.49% 0.20% 3 Months Avg MDR 0.00% 0.19% 0.29% 0.16% 12 Months Avg MDR Avg MDR Since Cut-off 0.00% 0.07% 0.09% 0.05% CDR 0.00% 0.98% 5.73% 2.34% 3 Months Avg CDR 0.00% 2.24% 3.38% 1.92% 12 Months Avg CDR Avg CDR Since Cut-off 0.00% 0.82% 1.04% 0.64% SDA 0.00% 4.48% 25.62% 10.62% 3 Months Avg SDA Approximation 0.00% 11.24% 16.62% 9.61% 12 Months Avg SDA Approximation Avg SDA Since Cut-off Approximation 0.00% 6.11% 7.59% 4.70% Loss Severity Approximation for Current Period 62.44% 32.83% 36.91% 3 Months Avg Loss Severity Approximation 23.51% 10.94% 13.73% 12 Months Avg Loss Severity Approximation Avg Loss Severity Approximation Since Cut-off 21.67% 6.57% 71.35% - ------------------------------------------------------------------------------------------------------------------------------------
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) 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. - -------------------------------------------------------------------------------- ** means less than - -------------------------------------------------------------------------------- Realized Loss Detail Report - Loans Liquidated During Current Distribution - --------------------------------------------------------------------------------
SUMMARY LOAN GROUP - --------------------------------------------------------- ---------------------------------------------------------- Total Loan Count = 6 Loan Group 1 = Pool I Group Total Original Principal Balance = 486,000.00 Loan Group 2 = Pool II Group Total Prior Principal Balance = 421,144.07 Loan Group 3 = Pool III Group Total Realized Loss Amount = 155,433.66 Total Net Liquidation Proceeds = 265,710.41 - --------------------------------------------------------- ----------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------- 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 - ----------------------------------------------------------------------------------------------------------------------------------- 100494277 1 20,000.00 19,012.71 - 9.500% CA - 90.00% 180 Mar-01-00 101520112 1 120,000.00 119,233.66 - 14.250% CA - 95.00% 180 Sep-05-00 101794287 1 88,000.00 40,642.63 - 7.500% WA - 79.64% 300 Nov-06-00 101915940 1 200,000.00 183,777.71 - 8.500% CA - 22.47% 180 Nov-03-00 101481810 2 36,200.00 36,200.00 - 5.875% CA - 94.99% 180 Aug-28-00 101593648 2 21,800.00 21,774.10 - 11.250% CA - 87.20% 180 Sep-19-00 - -----------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- 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 5 2 8 Balance of Mort. Loans Delinq. 90 -119 days 137,256.23 213,155.03 52,079.48 402,490.74 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 1 4 1 6 Balance of Mort. Loans Delinq. 150 -179 days 293,343.63 259,931.56 70,971.07 624,246.26 Number of Mort. Loans Delinq. 180 days or more - 2 92,776 92,778 Balance of Mort. Loans Delinq. 180 days or more 0.00 76,486.40 13.00 76,499.40 Number of Mort. Loans Delinq. 180 days or more (including status) 3 9 13 25 Balance of Mort. Loans Delinq. 180 days or more (including status) 626,540.06 570,810.43 651,569.17 1,848,919.66 Management Fee Accrued and Unpaid 1,800.37 1,811.70 1,887.93 5,500.00 - -----------------------------------------------------------------------------------------------------------------------------------
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