-----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, Awj+OScSFLhw8s/Bw5dk+AiTdl2+cCx2Rt6E7naPO4/TX4WClN6C0lrcKzK/qYlx 0LJ0gBSfqFPe+XdyDnFsmg== 0001021408-01-511752.txt : 20020413 0001021408-01-511752.hdr.sgml : 20020413 ACCESSION NUMBER: 0001021408-01-511752 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20011217 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20011228 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: 1825814 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 FORM 8-K DATED 12/17/2001 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 December 17, 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 December 17, 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 24, 2001 GREENPOINT MORTGAGE SECURITIES INC. By: /s/ Robert C. Bernstein ----------------------------------------- Robert C. Bernstein Vice President, Treasurer and Secretary (Principal Financial Officer 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 December 17, 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: December 17, 2001 Record Date: December 14, 2001 - ------------------------------------------------------------------------------------------------------------------------------------
GreenPoint Home Equity Loan Trust 2000-3 Home Equity Loan Asset-Backed Notes Series 2000-3 Certificate Payment Report for December 17, 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 68,927,328.36 140,305.41 5,696,971.30 5,837,276.71 - - 63,230,357.05 A-2 FLT,STEP 98,584,000.00 65,657,781.00 133,650.06 4,159,910.46 4,293,560.52 - - 61,497,870.54 A-3 FLT,STEP 97,966,000.00 62,705,832.46 128,198.59 2,710,505.93 2,838,704.52 - - 59,995,326.53 S - - 328,978.32 - 328,978.32 - - - R - - - - - - - - - ------------------------------------------------------------------------------------------------------------------------------------ Total 299,286,000.00 197,290,941.82 731,132.38 12,567,387.69 13,298,520.07 - - 184,723,554.13 - ------------------------------------------------------------------------------------------------------------------------------------
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 11/15/01 12/16/01 A-Act/360 395385AF4 102,736,000.00 670.916995 1.365689 55.452532 56.818221 615.464463 A-2 11/15/01 12/16/01 A-Act/360 395385AG2 98,584,000.00 666.008490 1.355697 42.196609 43.552306 623.811882 A-3 11/15/01 12/16/01 A-Act/360 395385AH0 97,966,000.00 640.077501 1.308603 27.667823 28.976426 612.409678 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 4,227,518.10 37,780,487.44 1,725,155.51 39,505,642.95 43,733,161.05 - - 63,230,357.05 A-2 98,584,000.00 4,037,557.64 35,354,197.54 1,731,931.92 37,086,129.46 41,123,687.10 - - 61,497,870.54 A-3 97,966,000.00 3,929,996.19 36,495,359.09 1,475,314.38 37,970,673.47 41,900,669.66 - - 59,995,326.53 S - 1,093,704.09 - - - 1,093,704.09 - - - R - - - - - - - - - - ------------------------------------------------------------------------------------------------------------------------------------ Total 299,286,000.00 13,288,776.02 109,630,044.06 4,932,401.81 114,562,445.87 127,851,221.89 - - 184,723,554.13 - ------------------------------------------------------------------------------------------------------------------------------------
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 2.29000% 68,927,328.36 140,305.41 - - - 140,305.41 140,305.41 - A-2 2.29000% 65,657,781.00 133,650.06 - - - 133,650.06 133,650.06 - A-3 2.30000% 62,705,832.46 128,198.59 - - - 128,198.59 128,198.59 - S - - - - - - - 328,978.32 - R - - - - - - - - - - ------------------------------------------------------------------------------------------------------------------------------------ Total 197,290,941.82 402,154.06 - - - 402,154.06 731,132.38 - - ------------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- Collection Account Report - --------------------------------------------------------------------------------
SUMMARY POOL III POOL II POOL I TOTAL - ---------------------------------------------------------------------------------------------------------------------------------- Net Principal Collections 2,467,509.58 3,908,878.19 5,423,383.85 11,799,771.62 TOTAL PRINCIPAL 2,467,509.58 3,908,878.19 5,423,383.85 11,799,771.62 Interest Collections 484,365.20 501,536.99 540,688.36 1,526,590.55 Interest Fees (9,028.97) (9,269.40) (9,543.73) (27,842.10) TOTAL INTEREST 475,336.23 492,267.59 531,144.63 1,498,748.45 TOTAL AVAILABLE FUNDS 2,942,845.81 4,401,145.78 5,954,528.48 13,298,520.07 - ---------------------------------------------------------------------------------------------------------------------------------- PRINCIPAL - COLLECTIONS POOL III POOL II POOL I TOTAL - ---------------------------------------------------------------------------------------------------------------------------------- Principal Collections 3,111,200.29 4,390,700.87 6,188,044.79 13,689,945.95 Repurchases/Substitutions 0.00 0.00 0.00 0.00 Liquidations 0.00 89,629.88 95,271.72 184,901.60 Insurance Principal 0.00 0.00 0.00 0.00 Liquidation Loss Amounts 0.00 (68,521.23) (23,500.00) (92,021.23) Additional Balances (643,690.71) (502,931.33) (836,432.66) (1,983,054.70) Draw Amount on Demand Note 0.00 0.00 0.00 0.00 TOTAL PRINCIPAL COLLECTED 2,467,509.58 3,908,878.19 5,423,383.85 11,799,771.62 - ---------------------------------------------------------------------------------------------------------------------------------- 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 510,846.83 528,385.50 569,173.47 1,608,405.80 Repurchases/Substitutions 0.00 0.00 0.00 0.00 Liquidations 0.00 1,011.65 820.06 1,831.71 Insurance 0.00 0.00 0.00 0.00 Interest Other Additional Interest 0.00 0.00 0.00 0.00 Current Servicing Fee (26,481.63) (27,860.16) (29,305.17) (83,646.96) TOTAL INTEREST 484,365.20 501,536.99 540,688.36 1,526,590.55 - ----------------------------------------------------------------------------------------------------------------------------------
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 529.63 557.20 586.10 1,672.93 Certificate Insurer Premium 8,499.34 8,712.20 8,957.63 26,169.17 Management Fee 0.00 0.00 0.00 0.00 TOTAL INTEREST FEES 9,028.97 9,269.40 9,543.73 27,842.10 - ----------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- 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 2.7220% 3.3534% 2.5068% Rolling Six-month Pool Delinquency Rate 2.2290% 2.1774% 1.5218% Prior Overcollateralization 0.00 0.00 0.00 0.00 Amount Specified Overcollateralization Amount 2,161,032.93 2,174,666.96 2,850,733.22 7,186,433.11 Overcollateralization Amount 850,083.63 1,138,081.14 1,381,569.67 3,369,734.44 Overcollateralization Deficiency Amount 1,310,949.30 1,036,585.82 1,469,163.55 3,816,698.67 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 242,996.35 251,032.27 273,587.45 767,616.07 Cumulative Accelerated Principal Payment 1,456,601.30 1,512,182.56 1,797,890.79 4,766,674.65 - ----------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- Collateral Report - -------------------------------------------------------------------------------- COLLATERAL POOL III POOL II POOL I TOTAL - ---------------------------------------------------------------------------------------------------------------------------------- Loan Count: Original 583 2188 2664 5435 Prior 371 1,462 1,792 3,625 Prefunding - - - - Scheduled Paid Offs - - - - Full Voluntary Prepayments (16) (74) (124) (214) Repurchases - - - - Liquidations - (2) (2) (4) ------------------------------------------------------------------------------------------------------------------------------ Current 355 1,386 1,666 3,407 Principal Balance: Original 96,045,908.07 96,651,865.01 100,721,912.99 293,419,686.07 Prior 63,555,916.09 66,864,383.37 70,332,398.03 200,752,697.49 Prefunding - - - - Scheduled Principal (86,570.11) (105,746.87) (108,392.12) (300,709.10) Partial and Full Voluntary Prepayments (3,024,630.18) (4,284,954.00) (6,024,945.01) (13,334,529.19) Repurchases - - - - Liquidations - (89,629.88) (95,271.72) (184,901.60) ------------------------------------------------------------------------------------------------------------------------------ Current 61,088,406.51 62,886,983.95 64,885,514.18 188,860,904.64 - ---------------------------------------------------------------------------------------------------------------------------------- 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 9.750371% 9.658220% 9.778613% 9.729768% Weighted Average Coupon Current 8.700699% 8.723301% 8.941728% 8.792670% -------------------------------------------------------------------------------------------------------------------------------- Weighted Average Months to Maturity Original 194 199 197 197 Weighted Average Months to Maturity Prior 185 191 186 187 Weighted Average Months to Maturity Current 184 189 186 186 -------------------------------------------------------------------------------------------------------------------------------- Weighted Avg Remaining Amortization Term Original 200 214 208 207 Weighted Avg Remaining Amortization Term Prior 193 204 198 198 Weighted Avg Remaining Amortization Term Current 191 203 197 197 -------------------------------------------------------------------------------------------------------------------------------- Weighted Average Seasoning Original 2.84 2.88 3.04 2.93 Weighted Average Seasoning Prior 10.87 10.97 11.18 11.01 Weighted Average Seasoning Current 11.87 11.98 12.20 12.02 - ------------------------------------------------------------------------------------------------------------------------------------ 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 2.961% 2.359% 2.506% Weighted Average Margin Current 3.006% 2.333% 2.510% -------------------------------------------------------------------------------------------------------------------------------- Weighted Average Max Rate Original 17.703% 17.039% 17.227% Weighted Average Max Rate Prior 17.651% 17.204% 17.281% Weighted Average Max Rate Current 17.702% 17.199% 17.298% -------------------------------------------------------------------------------------------------------------------------------- Weighted Average Min Rate Original 6.606% 7.182% 7.837% Weighted Average Min Rate Prior 6.590% 7.085% 7.786% Weighted Average Min Rate Current 6.569% 7.100% 7.791% -------------------------------------------------------------------------------------------------------------------------------- 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 26,481.63 27,860.16 29,305.17 83,646.96 - ------------------------------------------------------------------------------------------------------------------------------------ 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 3,770,235.47 1,599,664.53 19,639.48 5,389,539.48 % Balance 2.00% 0.85% 0.01% 2.85% # Loans 85 24 1 110 % # Loans 2.49% 0.70% 0.03% 3.23% - ------------------------------------------------------------------------------------------------------------------------------------ FORECLOSURE Balance 106,911.38 - 98,451.41 3,635,405.96 3,840,768.75 % Balance 0.06% 0.00% 0.05% 1.92% 2.03% # Loans 2 - 1 53 56 % # Loans 0.06% 0.00% 0.03% 1.56% 1.64% - ------------------------------------------------------------------------------------------------------------------------------------ BANKRUPTCY Balance 115,115.92 - - 229,391.68 344,507.60 % Balance 0.06% 0.00% 0.00% 0.12% 0.18% # Loans 1 - - 4 5 % # Loans 0.03% 0.00% 0.00% 0.12% 0.15% - ------------------------------------------------------------------------------------------------------------------------------------ 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 222,027.30 3,770,235.47 1,698,115.94 3,922,166.60 9,612,545.31 % Balance 0.12% 2.00% 0.90% 2.08% 5.09% # Loans 3 85 25 59 172 % # Loans 0.09% 2.49% 0.73% 1.73% 5.05% - ------------------------------------------------------------------------------------------------------------------------------------ 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 1,837,021.45 572,879.54 - 2,409,900.99 % Balance 2.83% 0.88% 0.00% 3.71% # Loans 44 12 - 56 % # Loans 2.64% 0.72% 0.00% 3.36% - ------------------------------------------------------------------------------------------------------------------------------------ FORECLOSURE Balance - - 98,451.41 1,164,689.33 1,263,140.74 % Balance 0.00% 0.00% 0.15% 1.79% 1.95% # Loans - - 1 24 25 % # Loans 0.00% 0.00% 0.06% 1.44% 1.50% - ------------------------------------------------------------------------------------------------------------------------------------ BANKRUPTCY Balance 115,115.92 - - 119,492.48 234,608.40 % Balance 0.18% 0.00% 0.00% 0.18% 0.36% # Loans 1 - - 2 3 % # Loans 0.06% 0.00% 0.00% 0.12% 0.18% - ------------------------------------------------------------------------------------------------------------------------------------ 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 115,115.92 1,837,021.45 671,330.95 1,284,181.81 3,907,650.13 % Balance 0.18% 2.83% 1.03% 1.98% 6.02% # Loans 1 44 13 26 84 % # Loans 0.06% 2.64% 0.78% 1.56% 5.04% - ------------------------------------------------------------------------------------------------------------------------------------ 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 1,460,024.64 483,776.23 19,639.48 1,963,440.35 % Balance 2.32% 0.77% 0.03% 3.12% # Loans 37 9 1 47 % # Loans 2.67% 0.65% 0.07% 3.39% - ------------------------------------------------------------------------------------------------------------------------------------ FORECLOSURE Balance 106,911.38 - - 1,350,924.94 1,457,836.32 % Balance 0.17% 0.00% 0.00% 2.15% 2.32% # Loans 2 - - 24 26 % # Loans 0.14% 0.00% 0.00% 1.73% 1.88% - ------------------------------------------------------------------------------------------------------------------------------------ BANKRUPTCY Balance - - - 109,899.20 109,899.20 % Balance 0.00% 0.00% 0.00% 0.17% 0.17% # Loans - - - 2 2 % # Loans 0.00% 0.00% 0.00% 0.14% 0.14% - ------------------------------------------------------------------------------------------------------------------------------------ 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 106,911.38 1,460,024.64 483,776.23 1,518,193.10 3,568,905.35 % Balance 0.17% 2.32% 0.77% 2.41% 5.68% # Loans 2 37 9 28 76 % # Loans 0.14% 2.67% 0.65% 2.02% 5.48% - ------------------------------------------------------------------------------------------------------------------------------------ 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 473,189.38 543,008.76 - 1,016,198.14 % Balance 0.77% 0.89% 0.00% 1.66% # Loans 4 3 - 7 % # Loans 1.13% 0.85% 0.00% 1.97% - ------------------------------------------------------------------------------------------------------------------------------------ FORECLOSURE Balance - - - 1,119,791.69 1,119,791.69 % Balance 0.00% 0.00% 0.00% 1.83% 1.83% # Loans - - - 5 5 % # Loans 0.00% 0.00% 0.00% 1.41% 1.41% - ------------------------------------------------------------------------------------------------------------------------------------ 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 - 473,189.38 543,008.76 1,119,791.69 2,135,989.83 % Balance 0.00% 0.77% 0.89% 1.83% 3.50% # Loans - 4 3 5 12 % # Loans 0.00% 1.13% 0.85% 1.41% 3.38% - ------------------------------------------------------------------------------------------------------------------------------------ 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 16 74 124 214 Number of Repurchased Loans - - - - ------------------------------------------------------------------------------------------------------------------------------ Total Number of Loans Prepaid in Full 16 74 124 214 Paid in Full Balance 2,453,460.57 3,795,824.06 5,446,425.88 11,695,710.51 Repurchased Loans Balance - - - - Curtailments Amount 571,169.61 489,129.94 578,519.13 1,638,818.68 ------------------------------------------------------------------------------------------------------------------------------ Total Prepayment Amount 3,024,630.18 4,284,954.00 6,024,945.01 13,334,529.19 Cumulative Number of Paid in Full Loans 228 789 983 2,000 Number of Repurchased Loans - - - - ------------------------------------------------------------------------------------------------------------------------------ Total Number of Loans Prepaid in Full 228 789 983 2,000 Paid in Full Balance 42,608,850.57 39,522,660.84 41,937,249.52 124,068,760.93 Repurchased Loans Balance - - - - Curtailments Amount 14,550,288.98 9,385,148.49 11,998,915.49 35,934,352.96 ------------------------------------------------------------------------------------------------------------------------------ Total Prepayment Amount 57,159,139.55 48,907,809.33 53,936,165.01 160,003,113.89 SPACE INTENTIONALLY LEFT BLANK - ---------------------------------------------------------------------------------------------------------------------------------- VOLUNTARY PREPAYMENT RATES POOL III POOL II POOL I TOTAL - ---------------------------------------------------------------------------------------------------------------------------------- SMM 4.77% 6.42% 8.58% 6.65% 3 Months Avg SMM 6.50% 5.91% 6.61% 6.34% 12 Months Avg SMM 5.84% 4.93% 5.20% 5.32% Avg SMM Since Cut-off 5.84% 4.93% 5.20% 5.32% CPR 44.34% 54.89% 65.92% 56.22% 3 Months Avg CPR 55.37% 51.85% 56.00% 54.45% 12 Months Avg CPR 51.40% 45.49% 47.33% 48.08% Avg CPR Since Cut-off 51.40% 45.49% 47.33% 48.08% PSA 1867.68% 2290.87% 2701.76% 2338.72% 3 Months Avg PSA Approximation 2546.44% 2361.34% 2504.05% 2471.62% 12 Months Avg PSA Approximation 3613.59% 3179.69% 3229.39% 3338.71% Avg PSA Since Cut-off Approximation 3613.59% 3179.69% 3229.39% 3338.71% - ----------------------------------------------------------------------------------------------------------------------------------
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. - -------------------------------------------------------------------------------- ** denotes rooftop - -------------------------------------------------------------------------------- Realized Loss Report - Collateral - --------------------------------------------------------------------------------
COLLATERAL REALIZED LOSSES POOL III POOL II POOL I TOTAL - ---------------------------------------------------------------------------------------------------------------------------------- Current Number of Loans Liquidated - 2 2 4 Collateral Realized Loss/(Gain) Amount - 68,521.23 23,500.00 92,021.23 Net Liquidation Proceeds - 21,108.65 71,771.72 92,880.37 Cumulative Number of Loans Liquidated - 15 14 29 Collateral Realized Loss/(Gain) Amount 462,593.66 143,495.38 142,733.66 748,822.70 Net Liquidation Proceeds (462,593.66) 538,079.73 707,634.57 783,120.64 Note: Collateral realized losses may include adjustments to loans liquidated in prior periods. Cumulative Losses as % of Original Balance 0.4816% 0.1485% 0.1417% 0.2552% Cumulative Losses as % of Current Balance 0.7573% 0.2282% 0.2200% 0.3965% - ---------------------------------------------------------------------------------------------------------------------------------- DEFAULT SPEEDS POOL III POOL II POOL I TOTAL - ---------------------------------------------------------------------------------------------------------------------------------- MDR 0.00% 0.13% 0.14% 0.09% 3 Months Avg MDR 0.00% 0.10% 0.24% 0.12% 12 Months Avg MDR 0.00% 0.07% 0.09% 0.06% Avg MDR Since Cut-off 0.00% 0.07% 0.09% 0.06% CDR 0.00% 1.60% 1.61% 1.10% 3 Months Avg CDR 0.00% 1.14% 2.85% 1.37% 12 Months Avg CDR 0.00% 0.89% 1.09% 0.67% Avg CDR Since Cut-off 0.00% 0.89% 1.09% 0.67% SDA 0.00% 6.66% 6.61% 4.57% 3 Months Avg SDA Approximation 0.00% 5.21% 12.73% 6.24% 12 Months Avg SDA Approximation 0.00% 6.19% 7.45% 4.68% Avg SDA Since Cut-off Approximation 0.00% 6.19% 7.45% 4.68% Loss Severity Approximation for Current Period 76.45% 24.67% 49.77% 3 Months Avg Loss Severity Approximation 47.25% 19.17% 29.29% 12 Months Avg Loss Severity Approximation 30.80% 9.58% 67.75% Avg Loss Severity Approximation Since Cut-off 30.80% 9.58% 67.75% - ----------------------------------------------------------------------------------------------------------------------------------
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. - -------------------------------------------------------------------------------- ** denotes rooftop *** denotes less than - -------------------------------------------------------------------------------- Realized Loss Detail Report - Loans Liquidated During Current Distribution - --------------------------------------------------------------------------------
SUMMARY LOAN GROUP - --------------------------------------------------------- ------------------------------------------------------------- Total Loan Count = 4 Loan Group 1 = Pool I Group Total Original Principal Balance = 187,800.00 Loan Group 2 = Pool II Group Total Prior Principal Balance = 184,901.60 Loan Group 3 = Pool III Group Total Realized Loss Amount = 92,021.23 Total Net Liquidation Proceeds = 92,880.37 - --------------------------------------------------------- ------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------------------------------------------------------------ 101741726 1 23,500.00 23,500.00 - 13.625% CA - 90.00% 180 Oct-25-00 101908598 1 73,000.00 71,771.72 - 9.250% CA - 94.99% 180 Nov-03-00 100651207 2 69,700.00 68,521.23 - 13.250% OR - 94.99% 180 Apr-04-00 101672558 2 21,600.00 21,108.65 - 14.500% MA - 95.00% 180 Nov-02-00 - ------------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- 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 - 1 Balance of Mort. Loans Delinq. 90 -119 days 0.00 19,639.48 0.00 19,639.48 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 - - 1 Balance of Mort. Loans Delinq. 150 -179 days 137,256.23 0.00 0.00 137,256.23 Number of Mort. Loans Delinq. 180 days or more - - - - Balance of Mort. Loans Delinq. 180 days or more 0.00 0.00 11.00 11.00 Number of Mort. Loans Delinq. 180 days or more (including status) 3 11 11 25 Balance of Mort. Loans Delinq. 180 days or more (including status) 626,540.06 701,789.00 649,433.53 1,977,762.59 Management Fee Accrued and Unpaid 1,964.04 1,976.40 2,059.56 6,000.00 - ------------------------------------------------------------------------------------------------------------------------------------
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