-----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, FJPyqza0mj5X02IrLtPiCue7cvMOlh1xWv5oAB9RtFG8+3L5A+KchaNdUJaPFFan FtljjEuAHn4tbbRIx3uE2w== 0000950168-02-000123.txt : 20020414 0000950168-02-000123.hdr.sgml : 20020414 ACCESSION NUMBER: 0000950168-02-000123 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020125 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020211 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EQCC RECEIVABLES CORP CENTRAL INDEX KEY: 0000897897 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 593170055 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-66152 FILM NUMBER: 02534982 BUSINESS ADDRESS: STREET 1: C/O EQUICREDIT CORP OF AMERICA STREET 2: 10401 DEERWOOD PARK BLVD CITY: JACKSONVILLE STATE: FL ZIP: 32256 BUSINESS PHONE: 9049875000 8-K 1 d8k.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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): January 25, 2002 ----------------------------- EQCC Receivables Corporation - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Charter) Delaware 333-73446-01 59-3170055 - -------------------------------------------------------------------------------- (State or Other Jurisdiction of (Commission (I.R.S. Employer Incorporation) File Number) Identification No.) 10401 Deerwood Park Boulevard, Jacksonville, Florida 32256 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code (904) 987-5000 ------------------------- - -------------------------------------------------------------------------------- (Former Name or Former Address, if Change Since Last Report:) Item 5. Other Events ------------ EQCC RECEIVABLES CORPORATION EQCC TRUST 2001-2 EQCC ASSET BACKED CERTIFICATES, SERIES 2001-2 On January 25, 2002, The Bank of New York, as Trustee for EQCC Trust 2001-2 made a monthly distribution of principal and/or interest to the holders of the EQCC Asset Backed Certificates, Series 2001-2. The monthly distributions were made pursuant to the terms of the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement") dated as of December 1, 2001 by and among EQCC Receivables Corporation, as Depositor, EquiCredit Corporation of America, as Transferor and Initial Servicer, Bank of America, N.A., as Advancing Party, Fairbanks Capital Corp., as Expected Successor Servicer and The Bank of New York, as Trustee. All capitalized terms used, but not defined herein, shall have the meanings assigned to them in the Pooling and Servicing Agreement. Item 7. Financial Statements and Exhibits --------------------------------- Exhibit No. Description - ----------- ----------- (99.1) Report to Holders of EQCC Asset Backed Certificates, Series 2001-2 relating to the Distribution Date of January 25, 2002 prepared by the Trustee pursuant to the terms of the Pooling and Servicing Agreement. SIGNATURES 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. Date: January 25, 2002 THE BANK OF NEW YORK By: /s/ Diane Pickett ------------------------ Name: Diane Pickett Title: Vice President THE BANK OF NEW YORK as TRUSTEE
INDEX TO EXHIBITS Exhibit No. Exhibit Description Paper (P) or Electronic (E) ----------- ------------------- --------------------------- 99.1 Report to Holders of EQCC Asset Backed Certificates, E Series 2001-2 relating to the Distribution Date of January 25, 2002 prepared by the Trustee pursuant to the terms of the Pooling and Servicing Agreement.
EX-99.1 3 dex991.txt REPORT TO HOLDERS Exhibit 99.1 Payment Date: 01/25/02 ------------------------------------------------------------ (null) EQCC ASSET BACKED CERTIFICATES, Series 2001-2 ------------------------------------------------------------
Class Information Current Payment Information - ---------------------------------------------------------------------------------------------------------------------------------- Beginning Pass Thru Principal Interest Total Principal Interest Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls - ---------------------------------------------------------------------------------------------------------------------------------- Senior A1 1,997,030,001.00 2.911250% 69,959,128.02 5,652,357.66 75,611,485.67 0.00 0.00 A2 1,982,337,536.00 2.911250% 111,345,413.75 5,610,772.37 116,956,186.12 0.00 0.00 A3 1,055,259,012.00 2.911250% 67,665,345.41 2,986,786.05 70,652,131.46 0.00 0.00 A4 1,115,458,249.00 2.911250% 38,014,313.75 3,157,172.89 41,171,486.63 0.00 0.00 A5 851,977,837.00 2.911250% 38,669,520.30 2,411,422.69 41,080,942.99 0.00 0.00 A6 1,580,419,592.00 5.470000% 44,013,911.80 7,204,079.31 51,217,991.11 0.00 0.00 A7 1,785,831,987.00 5.470000% 62,000,846.25 8,140,417.47 70,141,263.72 0.00 0.00 X 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 Residual R1 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 R3 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 10,368,314,214.00 - 431,668,479.27 35,163,008.44 466,831,487.71 - - - ----------------------------------------------------------------------------------------------------------------------------------
Class Information - -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest - -------------------------------------------------------------------------------- Senior A1 1,927,070,872.98 0.00 A2 1,870,992,122.25 0.00 A3 987,593,666.59 0.00 A4 1,077,443,935.25 0.00 A5 813,308,316.70 0.00 A6 1,536,405,680.20 0.00 A7 1,723,831,140.75 0.00 X 0.00 0.00 Residual R1 0.00 0.00 R2 0.00 0.00 R3 0.00 0.00 - -------------------------------------------------------------------------------- Totals - - 9,936,645,734.73 - - --------------------------------------------------------------------------------
Payment Date: 01/25/02 ------------------------------------------------------------ (null) EQCC ASSET BACKED CERTIFICATES, Series 2001-2 ------------------------------------------------------------ Class Information Current Payment Information Factors per $1,000 - ------------------------------------------------------------------------------------------------------------------------ Beginning Pass Thru CUSIP Principal Interest Ending Cert./ Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal. - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Senior A1 1,997,030,001.00 2.911250% 26882JAE6 35.031586 2.830382 964.968414 A2 1,982,337,536.00 2.911250% 26882JAF3 56.168746 2.830382 943.831254 A3 1,055,259,012.00 2.911250% 26882JAG1 64.122026 2.830382 935.877974 A4 1,115,458,249.00 2.911250% 26882JAH9 34.079549 2.830382 965.920451 A5 851,977,837.00 2.911250% 26882JAJ5 45.387942 2.830382 954.612058 A6 1,580,419,592.00 5.470000% 26882JAK2 27.849510 4.558333 972.150490 A7 1,785,831,987.00 5.470000% 26882JAL0 34.718186 4.558333 965.281814 X 0.00 0.000000% 0.000000 0.000000 0.000000 Residual R1 0.00 0.000000% 0.000000 0.000000 0.000000 R2 0.00 0.000000% 0.000000 0.000000 0.000000 R3 0.00 0.000000% 0.000000 0.000000 0.000000 - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Totals - - 10,368,314,214.00 - - - - - - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------ (null) EQCC ASSET BACKED CERTIFICATES, Series 2001-2 ------------------------------------------------------------ - -------------------------------------------------------------------------------- COLLATERAL INFORMATION - -------------------------------------------------------------------------------- PrinBal 1,935,170,439.17 1,880,143,653.47 992,430,525.77 1,083,129,835.90 LnCt 16898 17251 10873 11692 AvgLnRate 9.179038% 9.938454% 9.888010% 10.710307% PpyAmt 60,702,514.17 101,536,770.23 62,486,012.96 31,802,050.83 Total ----- PrinBal 816,702,837.67 1,542,644,258.98 1,729,585,010.08 9,979,806,561.04 LnCt 4036 22296 21393 104439 AvgLnRate 9.005493% 11.133375% 10.308304% 10.04 PpyAmt 34,658,697.00 36,438,921.07 53,968,074.54 381,593,040.80
- -------------------------------------------------------------------------------- FEES AND ADVANCES - -------------------------------------------------------------------------------- MSF 818,594.77 803,859.00 426,935.51 448,755.31 346,045.97 659,709.57 SSF 0.00 0.00 0.00 0.00 0.00 0.00 TF 0.00 0.00 0.00 0.00 0.00 0.00 Total ----- MSF 759,045.47 4,262,945.60 SSF 0.00 0.00 TF 0.00 0.00 AggAdv N/A N/A N/A N/A N/A N/A N/A N/A Adv-Pd 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES - -------------------------------------------------------------------------------- Total ----- Real.Loss 11,339.71 0.00 0.00 0.00 0.00 0.00 0.00 11,339.71 Cum.Loss 11,339.71 0.00 0.00 0.00 0.00 0.00 0.00 11,339.71 Coverage Amounts Total - ---------------- - ----- Bank. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Fraud 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Spec.Haz. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 100.000000% 100.000000% 10,368,314,214.00 ----------------------------------------------------------------------------- Junior 0.000000% 0.000000% 0.00 -----------------------------------------------------------------------------
- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION - -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance - ------ ---------- --------------------- 30 to 59 days 8278 657,180,536.96 60 to 89 days 2774 215,055,258.27 90 or more 131 12,801,210.75 Foreclosure 44 3,492,064.86 Totals: 11227 888,529,070.84 - --------------------------------------------------------------------------------
- -------------------------------------------------------------------------------- REO INFORMATION - -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A
Current Total Outstanding Balance: 0.00 Current Total Outstanding Number of Loans: 0
- -------------------------------------------------------------------------------- OTHER INFORMATION - -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 466,831,487.71 466,831,487.71 Principal remittance amount 431,668,479.27 431,668,479.27 Interest remittance amount 35,163,008.44 35,163,008.44
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