-----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, VXkwUgjBIHDX+j3UspXoh+OgQ+K6l8mLdMTWRk5MO8kP9c1KAErqGqEYV5OXse4b +3TfiDDmPCBdABiXn2vJBQ== 0001163513-02-000001.txt : 20020413 0001163513-02-000001.hdr.sgml : 20020413 ACCESSION NUMBER: 0001163513-02-000001 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20011226 ITEM INFORMATION: Changes in control of registrant FILED AS OF DATE: 20020110 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SALOMON BROTHERS MOR SEC VII INC MOR PA THR CE SE 2001-2 CENTRAL INDEX KEY: 0001163513 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-11429-02 FILM NUMBER: 2505596 BUSINESS ADDRESS: STREET 1: 388 GREENWICH ST CITY: NEW YORK STATE: NY ZIP: 10013 8-K 1 sbms0102.txt DEC 2001 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): December 26, 2001 SALOMON BROTHERS MORTGAGE SECURITIES VII Inc. Mortgage Pass-Through Certificates, Series 2001-2 (Exact name of registrant as specified in its charter) New York (governing law of 033-11429 Pooling and Servicing Agreement) (Commission (State or other File Number) 13-3439681 jurisdiction IRS EIN of Incorporation) c/o Citibank, N.A. 399 Park Avenue New York, NY 10043 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (212) 657-2186 Former name or former address, if changed since last report) ITEM 5. Other Events On December 26, 2001 a distribution was made to holders of SALOMON BROTHERS MORTGAGE SECURITIES VII Inc., Mortgage Pass-Through Certificates, Series 2001- 2. 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 2001-2, relating to the December 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. EX-99 2 ex99.htm CERTIFICATEHOLDER MONTHLY REPORT Salomon Brothers Mortgage Securities VII 
Salomon Brothers Mortgage Securities VII, Inc                                Distribution Date:  12/26/2001
Mortgage Pass-Through Certificates                                                 Record Date:  11/30/2001
Series 2001-2
CONTACT INFORMATION                                                 CONTENTS


  Depositor          Salomon Brothers Mortgage Securities VII,         Distribution Summary            2
                     Inc.                                              (Dollars)
                     390 Greenwich Street
                     New York, NY  10013                               Distribution Summary            3
                                                                       (Factors)
  Underwriter        Salomon Smith Barney, Inc.                        Interest Distribution Detail    4
                     390 Greenwich Street
                     New York, NY  10013                               Principal Distribution          5
                                                                       Detail
  Servicer           Litton Loan Servicing LP                          Collateral Summary              6
                     5373 West Alabama
                     Houston, TX  77056                                Delinquency Summary             7
  Trustee            JPMorgan Chase Bank                               Other Information               8
                     450 West 33rd Street
                     New York, NY 10001
  Trust AdministratorCitibank, N.A.
                     111 Wall Street
                     New York, NY  10005






  Deal Contact:                      Kristen Driscoll                  Citibank, N.A.
                                     kristen.driscoll@citi.com         Agency and Trust
                                     Tel: (212) 657-2186               111 Wall Street, 14th Floor,
                                                                       Zone 3
                                     Fax: (212) 657-4009               New York, NY  10005



 Salomon Brothers Mortgage Securities VII, Inc
 Mortgage Pass-Through Certificates
 Series 2001-2
 Distribution Summary
 Distribution in
Dollars
        Original      Prior                                                                   Current      Current
        Principal     Principal     Pass-Through Interest    Principal   Total       Deferred Realized     Principal
 Class  Balance       Balance       Rate         Distributed Distributed Distributed Interest Loss/(Recov) Balance
 (1)    (2)           (3)           (4)          (5)         (6)         (7)=(5+6)   (8)      (9)          (10)=(3-6+8-9)
 A     204,097,000.00204,097,000.00    5.250000%  892,924.381,817,353.442,710,277.82     0.00         0.00 202,279,646.56
 M-1    22,450,000.00 22,450,000.00    6.000000%  112,250.00        0.00  112,250.00     0.00         0.00  22,450,000.00
 M-2    12,246,000.00 12,246,000.00    6.000000%   61,230.00        0.00   61,230.00     0.00         0.00  12,246,000.00
 M-3     8,844,000.00  8,844,000.00    6.000000%   44,220.00        0.00   44,220.00     0.00         0.00   8,844,000.00
 M-4    14,287,000.00 14,287,000.00    6.000000%   71,435.00        0.00   71,435.00     0.00         0.00  14,287,000.00
 M-5     8,164,000.00  8,164,000.00    6.000000%   40,820.00        0.00   40,820.00     0.00         0.00   8,164,000.00
 M-6     2,041,440.00  2,041,440.00    6.000000%   10,207.20        0.00   10,207.20     0.00         0.00   2,041,440.00
 r               0.00          0.00    0.000000%        0.00        0.00        0.00     0.00         0.00           0.00
 Totals272,129,440.00272,129,440.00             1,233,086.581,817,353.443,050,440.02     0.00         0.00 270,312,086.56
 citibank                                                                                                   COPYRIGHT
                                                                                                          2001 Citibank


 Salomon Brothers Mortgage Securities VII, Inc
 Mortgage Pass-Through Certificates
 Series 2001-2
 Factor Information
 Per $1,000 of Original
Balance
                 Prior                                                           Current       Current
                 Principal     Interest     Principal    Total         Deferred  Realized      Principal
 Class Cusip     Balance       Distributed  Distributed  Distributed   Interest  Loss/(Recov)  Balance
                 (3/2 x        (5/2 x       (6/2 x       (7/2 x        (8/2 x    (9/2 x 1000)  (10/2 x 1000)
                1000)         1000)        1000)        1000)         1000)
A     79548K6H6  1,000.000000      4.375000     8.904361    13.279361   0.000000     0.000000     991.095639
M-1   79548K6E3  1,000.000000      5.000000     0.000000     5.000000   0.000000     0.000000   1,000.000000
M-2   79548K6F0  1,000.000000      5.000000     0.000000     5.000000   0.000000     0.000000   1,000.000000
M-3   79548K6G8  1,000.000000      5.000000     0.000000     5.000000   0.000000     0.000000   1,000.000000
M-4   7966419H3  1,000.000000      5.000000     0.000000     5.000000   0.000000     0.000000   1,000.000000
M-5   7966419J9  1,000.000000      5.000000     0.000000     5.000000   0.000000     0.000000   1,000.000000
M-6   7966419K6  1,000.000000      5.000000     0.000000     5.000000   0.000000     0.000000   1,000.000000
r     00285ZZZ6      0.000000      0.000000     0.000000     0.000000   0.000000     0.000000       0.000000
 citibank                                                                                      COPYRIGHT
                                                                                              2001 Citibank


 Salomon Brothers Mortgage Securities VII, Inc
 Mortgage Pass-Through Certificates
 Series 2001-2
 Interest Distribution Detail
 Distribution in
Dollars
        Prior                      Optimal     Prior    Nonrecoverable                                      Current
        Principal     Pass-Through Accrued     Unpaid   Interest       Interest        Deferred Interest    Unpaid
 Class  Balance       Rate         Interest    Interest Shortfall      Due             Interest Distributed Interest
 (1)    (2)           (3)          (4)         (5)      (6)            (7)=(4)+(5)-(6) (8)      (9)         (10)=(7)-(8)-(9)
 A     204,097,000.00    5.250000%  892,924.38     0.00           0.00      892,924.38     0.00  892,924.38             0.00
 M-1    22,450,000.00    6.000000%  112,250.00     0.00           0.00      112,250.00     0.00  112,250.00             0.00
 M-2    12,246,000.00    6.000000%   61,230.00     0.00           0.00       61,230.00     0.00   61,230.00             0.00
 M-3     8,844,000.00    6.000000%   44,220.00     0.00           0.00       44,220.00     0.00   44,220.00             0.00
 M-4    14,287,000.00    6.000000%   71,435.00     0.00           0.00       71,435.00     0.00   71,435.00             0.00
 M-5     8,164,000.00    6.000000%   40,820.00     0.00           0.00       40,820.00     0.00   40,820.00             0.00
 M-6     2,041,440.00    6.000000%   10,207.20     0.00           0.00       10,207.20     0.00   10,207.20             0.00
 r               0.00    0.000000%        0.00     0.00           0.00            0.00     0.00        0.00             0.00
 Totals272,129,440.00             1,233,086.58     0.00           0.00    1,233,086.58     0.001,233,086.58             0.00


 Salomon Brothers Mortgage Securities VII, Inc
 Mortgage Pass-Through Certificates
 Series 2001-2
 Principal Distribution Detail
 Distribution in
Dollars
                      Prior                               Current  Current    Current                 Cumulative
        Original      Principal     Principal   Accreted  Realized Principal  Principal               Realized
 Class  Balance       Balance       Distributed Principal Losses   Recoveries Balance                 Losses
 (1)    (2)           (3)           (4)         (5)       (6)      (7)        (8)=(3)-(4)+(5)-(6)+(7) (9)
 A     204,097,000.00204,097,000.001,817,353.44      0.00     0.00       0.00          202,279,646.56       0.00
 M-1    22,450,000.00 22,450,000.00        0.00      0.00     0.00       0.00           22,450,000.00       0.00
 M-2    12,246,000.00 12,246,000.00        0.00      0.00     0.00       0.00           12,246,000.00       0.00
 M-3     8,844,000.00  8,844,000.00        0.00      0.00     0.00       0.00            8,844,000.00       0.00
 M-4    14,287,000.00 14,287,000.00        0.00      0.00     0.00       0.00           14,287,000.00       0.00
 M-5     8,164,000.00  8,164,000.00        0.00      0.00     0.00       0.00            8,164,000.00       0.00
 M-6     2,041,440.00  2,041,440.00        0.00      0.00     0.00       0.00            2,041,440.00       0.00
 r               0.00          0.00        0.00      0.00     0.00       0.00                    0.00       0.00
 Totals272,129,440.00272,129,440.001,817,353.44      0.00     0.00       0.00          270,312,086.56       0.00


 Salomon Brothers Mortgage Securities VII, Inc
 Mortgage Pass-Through Certificates
 Series 2001-2
 Delinquency Information
 GROUP 1
                          1 Payment                            2 Payments    3+ Payments     Totals
  Delinquency
  Scheduled                                       75,187,728.07  2,304,819.28 1,511,818.60   79,004,365.95
  Principal Balance
  Arrearage Balance                               21,627,918.98    186,170.41   140,639.22   21,954,728.61
  Number of Loans                                         1,299            79           41           1,419
  Percentage of                                        35.3758%       2.1514%      1.1166%        38.6438%
  Total Loans
  Foreclosure
  Scheduled                                                0.00          0.00         0.00            0.00
  Principal Balance
  Arrearage Balance                                        0.00          0.00         0.00            0.00
  Number of Loans                                             0             0            0            0.00
  Percentage of                                         0.0000%       0.0000%      0.0000%         0.0000%
  Total Loans
  Bankruptcy
  Scheduled                                          323,067.23    275,807.4310,535,442.04   11,134,316.70
  Principal Balance
  Arrearage Balance                                   64,394.91     15,686.63 3,697,744.50    3,777,826.04
  Number of Loans                                             7             3          191             201
  Percentage of                                         0.1906%       0.0817%      5.2015%         5.4739%
  Total Loans
  REO
  Scheduled                                                0.00          0.00         0.00            0.00
  Principal Balance
  Arrearage Balance                                        0.00          0.00         0.00            0.00
  Number of Loans                                             0             0            0               0
  Percentage of                                         0.0000%       0.0000%      0.0000%         0.0000%
  Total Loans
  Total
  Scheduled                                       75,510,795.30  2,580,626.7112,047,260.64   90,138,682.65
  Principal Balance
  Arrearage Balance                               21,692,313.89    201,857.04 3,838,383.72   25,732,554.65
  Number of Loans                                         1,306            82          232           1,620
  Percentage of                                        35.5664%       2.2331%      6.3181%        44.1176%
  Total Loans


  Current Payment
  Advances                757,630.47



 Salomon Brothers Mortgage Securities VII, Inc
 Mortgage Pass-Through Certificates
 Series 2001-2
 Other Information

   Arrearage Information
              Portion of Arrearage Collections                                     183,333.10
              Retained by Trust
              Portion of Arrearage Collections Retained                            15,942.01
              by Servicer
              Total Arrearage Collections                                          199,275.11
              Prior Arrearage Balance                                              60,068,902.20
              Current Arrearage Balance                                            59,869,627.09
              Prior Legal Balance                                                  276,934,951.73
              Current Legal Balance                                                275,273,449.53
              Prior Adjusted Legal                                                 272,129,439.55
              Balance
              Current Adjusted Legal Balance                                       270,483,879.36
   Group 2
              Prior Reserve Fund Balance                                           1,000.00
              Deposits to Reserve Fund                                             0.00
              Draws on Reserve Fund                                                0.00
              Current Reserve Fund                                                 1,000.00
              Balance
   Current Extraordinary Trust Fund                                                0.00
   Expenses
   Cumulative Extraordinary Trust Fund Expenses                                    0.00
   Senior Residual Distribution Amount                                             0.00
   Overcollateralization                                                                      171,792.80
   Credit Enhancement Percentage                                                              25.215637%
   Has a Stepdown Date Occurred?                                                    No
   Is a Trigger Event in Effect?                                                    No






 Salomon Brothers Mortgage Securities VII, Inc
 Mortgage Pass-Through Certificates
 Series 2001-2
 Other Information

      Constant Prepayment Rate                                                                      6.371536%
      Single Month Mortality(SMM): (Pool Reduction- Scheduled Principal)/(Prior Unpaid Principal
      Balance - Scheduled Principal)
      Constat Prepayment Rate: 1-((1-SMM)^12)
      Arrearage Repayment Percentage                                                                107.643493%
      Arrearage Repayment Percentage:(Current Scheduled P&I + Arrearage Principal)/(Original
      Scheduled P&I)
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