-----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, REIh76sdrNZMmf+kOUafrq2CmY+WJ6p9GuVc99pEfNH8aGOEig5vQvJT0PLe/P87 elxAvbQBQstcj/NhXAVC2A== 0001056404-01-500056.txt : 20010410 0001056404-01-500056.hdr.sgml : 20010410 ACCESSION NUMBER: 0001056404-01-500056 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010326 ITEM INFORMATION: FILED AS OF DATE: 20010406 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMORTIZING RESI COLLATERAL TR MORT PAS THRU CER SER 2001-BC1 CENTRAL INDEX KEY: 0001136610 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 742440858 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-35026-09 FILM NUMBER: 1596822 BUSINESS ADDRESS: STREET 1: THREE WORLD FINANCIAL CENTER STREET 2: 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10285-1200 BUSINESS PHONE: 2125265594 MAIL ADDRESS: STREET 1: THREE WORLD FINANCIAL CENTER STREET 2: 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10285-1200 8-K 1 arc01001.txt MARCH 8K UNITED STATES 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 Date of Report (Date of earliest event reported): March 26, 2001 AMORTIZING RESIDENTIAL COLLATERAL TRUST Mortgage Pass-Through Certificates, Series 2001-BC1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-35026-09 Pooling and Servicing Agreement) (Commission 52-2289289 (State or other File Number) 52-2289288 jurisdiction 52-2267490 of Incorporation) IRS EIN c/o Wells Fargo Bank Minnesota, N.A. 11000 Broken Land Parkway Columbia, MD 21044 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 Former name or former address, if changed since last report) ITEM 5. Other Events On March 26, 2001 a distribution was made to holders of AMORTIZING RESIDENTIAL COLLATERAL TRUST, Mortgage Pass-Through Certificates, Series 2001-BC1 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-BC1 Trust, relating to the March 26, 2001 distribution. 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 hereunto duly authorized. AMORTIZING RESIDENTIAL COLLATERAL TRUST Mortgage Pass-Through Certificates, Series 2001-BC1 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Sherri Sharps, Vice President By: Sherri Sharps, Vice President Date: 4/5/01 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-BC1 Trust, relating to the March 26, 2001 distribution.
Amortizing Residential Collateral Mortgage Trust Mortgage Pass-Through Certificates Record Date: 2/28/01 Distribution Date: 3/26/01 ARC Series: 2001-BC1 Contact: Customer Service - CTSLink Wells Fargo 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 A1 8635725N9 SEN 5.52125% 205,868,000.00 568,324.35 4,094,958.91 AX 8635725P4 SEN_IO 6.00000% 0.00 26,923.99 0.00 M1 8635725Q2 SUB 5.82125% 6,536,000.00 19,023.85 0.00 M2 8635725R0 SUB 6.27125% 4,357,000.00 13,661.92 0.00 B 8635725S8 SUB 7.22125% 1,089,000.00 3,931.97 0.00 X ARC01001X RES 0.00000% 332.99 1,074,923.46 0.00 R1 ARC0101R1 RES 0.00000% 0.00 0.00 0.00 R2 ARC0101R2 RES 0.00000% 0.00 0.00 0.00 R3 ARC0101R3 RES 0.00000% 0.00 0.00 0.00 Totals 217,850,332.99 1,706,789.54 4,094,958.91
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 201,773,041.09 4,663,283.26 0.00 AX 0.00 0.00 26,923.99 0.00 M1 0.00 6,536,000.00 19,023.85 0.00 M2 0.00 4,357,000.00 13,661.92 0.00 B 0.00 1,089,000.00 3,931.97 0.00 X 0.00 0.00 1,074,923.46 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 Totals 0.00 213,755,041.09 5,801,748.45 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) A1 205,868,000.00 205,868,000.00 0.00 4,094,958.91 0.00 0.00 AX 0.00 0.00 0.00 0.00 0.00 0.00 M1 6,536,000.00 6,536,000.00 0.00 0.00 0.00 0.00 M2 4,357,000.00 4,357,000.00 0.00 0.00 0.00 0.00 B 1,089,000.00 1,089,000.00 0.00 0.00 0.00 0.00 X 332.99 332.99 0.00 0.00 0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 0.00 0.00 Totals 217,850,332.99 217,850,332.99 0.00 4,094,958.91 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 A1 4,094,958.91 201,773,041.09 0.98010881 4,094,958.91 AX 0.00 0.00 0.00000000 0.00 M1 0.00 6,536,000.00 1.00000000 0.00 M2 0.00 4,357,000.00 1.00000000 0.00 B 0.00 1,089,000.00 1.00000000 0.00 X 0.00 0.00 0.00000000 0.00 R1 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 R3 0.00 0.00 0.00000000 0.00 Totals 4,094,958.91 213,755,041.09 0.98120135 4,094,958.91
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 205,868,000.00 1000.00000000 0.00000000 19.89118712 0.00000000 AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M1 6,536,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 4,357,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 1,089,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 332.99 1000.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00 0.00000000 0.00000000 0.00000000 0.00000000
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A1 0.00000000 19.89118712 980.10881288 0.98010881 19.89118712 AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A1 205,868,000.00 5.52125% 205,868,000.00 568,324.35 0.00 0.00 AX 0.00 6.00000% 5,384,798.00 26,923.99 0.00 0.00 M1 6,536,000.00 5.82125% 6,536,000.00 19,023.85 0.00 0.00 M2 4,357,000.00 6.27125% 4,357,000.00 13,661.92 0.00 0.00 B 1,089,000.00 7.22125% 1,089,000.00 3,931.97 0.00 0.00 X 332.99 0.00000% 332.99 0.00 0.00 0.00 R1 0.00 0.00000% 0.00 0.00 0.00 0.00 R2 0.00 0.00000% 0.00 0.00 0.00 0.00 R3 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 217,850,332.99 631,866.08 0.00 0.00
Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A1 0.00 0.00 568,324.35 0.00 201,773,041.09 AX 0.00 0.00 26,923.99 0.00 5,384,798.00 M1 0.00 0.00 19,023.85 0.00 6,536,000.00 M2 0.00 0.00 13,661.92 0.00 4,357,000.00 B 0.00 0.00 3,931.97 0.00 1,089,000.00 X 0.00 0.00 1,074,923.46 0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,706,789.54 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A1 205,868,000.00 5.52125% 1000.00000000 2.76062501 0.00000000 0.00000000 AX 0.00 6.00000% 1251.23106237 6.25615531 0.00000000 0.00000000 M1 6,536,000.00 5.82125% 1000.00000000 2.91062576 0.00000000 0.00000000 M2 4,357,000.00 6.27125% 1000.00000000 3.13562543 0.00000000 0.00000000 B 1,089,000.00 7.22125% 1000.00000000 3.61062443 0.00000000 0.00000000 X 332.99 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 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 A1 0.00000000 0.00000000 2.76062501 0.00000000 980.10881288 AX 0.00000000 0.00000000 6.25615531 0.00000000 1251.23106237 M1 0.00000000 0.00000000 2.91062576 0.00000000 1000.00000000 M2 0.00000000 0.00000000 3.13562543 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.61062443 0.00000000 1000.00000000 X 0.00000000 0.00000000 28095.31817772 0.00000000 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 6,013,694.03 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2,520.41 Realized Losses 0.00 Total Deposits 6,016,214.44 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 214,465.99 Payment of Interest and Principal 5,801,748.45 Total Withdrawals (Pool Distribution Amount) 6,016,214.44 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 90,770.98 Trustee Fee - Wells Fargo Bank, N.A. 1,815.41 Mitigation Advisors Fee 2,723.13 MGIC Insurance Premiums 119,156.47 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 214,465.99
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.00 0.00 1,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2 0 0 0 2 245,076.34 0.00 0.00 0.00 245,076.34 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 2 0 0 0 2 245,076.34 0.00 0.00 0.00 245,076.34 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.118554% 0.000000% 0.000000% 0.000000% 0.118554% 0.114628% 0.000000% 0.000000% 0.000000% 0.114628% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.118554% 0.000000% 0.000000% 0.000000% 0.118554% 0.114628% 0.000000% 0.000000% 0.000000% 0.114628%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 61,263.42 0.00 0.00 0.00 61,263.42 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 0 0 0 1 61,263.42 0.00 0.00 0.00 61,263.42 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.602410% 0.000000% 0.000000% 0.000000% 0.602410% 0.387623% 0.000000% 0.000000% 0.000000% 0.387623% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.602410% 0.000000% 0.000000% 0.000000% 0.602410% 0.387623% 0.000000% 0.000000% 0.000000% 0.387623% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 183,812.92 0.00 0.00 0.00 183,812.92 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 0 0 0 1 183,812.92 0.00 0.00 0.00 183,812.92 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.065746% 0.000000% 0.000000% 0.000000% 0.065746% 0.092836% 0.000000% 0.000000% 0.000000% 0.092836% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.065746% 0.000000% 0.000000% 0.000000% 0.065746% 0.092836% 0.000000% 0.000000% 0.000000% 0.092836%
OTHER INFORMATION Current Period Realized Loss - Includes Interest Shortfall 0.00 Cumulative Realized Losses - Includes Interest Shortfall 0.00 Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2,520.41
COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 10.581150% Weighted Average Net Coupon 10.081150% Weighted Average Pass-Through Rate 9.414793% Weighted Average Maturity(Stepdown Calculation ) 351 Beginning Scheduled Collateral Loan Count 1,717 Number Of Loans Paid In Full 30 Ending Scheduled Collateral Loan Count 1,687 Beginning Scheduled Collateral Balance 217,850,332.99 Ending Scheduled Collateral Balance 213,755,041.09 Ending Actual Collateral Balance at 28-Feb-2001 213,801,844.21 Monthly P &I Constant 2,017,323.56 Ending Scheduled Balance for Premium Loans 213,755,041.09 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 332.99 Specified O/C Amount 0.00 Overcollateralized Amount 0.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 1,074,923.46
Prepayment Penalty Premiums $107,429.04
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