-----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, JDVes/jdc4i8RvsL9T+7WG6Yy+3MmqPPPNKWzT4XkpqwtJY1t2CD1XVTXwxczbMh 8vh2dfQ2eTRT03lEle1EhA== 0001071787-02-000394.txt : 20020502 0001071787-02-000394.hdr.sgml : 20020501 ACCESSION NUMBER: 0001071787-02-000394 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020425 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020502 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: 02631276 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 eqc011f_edgar0204.txt EQCC RECEIVABLES CORP, EQCC TRUST SERIES 2001-1F 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): April 25, 2002 EQCC Receivables Corporation (Depositor) Delaware 33-66152 59-3170055 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) 10401 Deerwood Park Blvd, Jacksonville, FL 32256 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: 904-987-5000 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events EQCC Receivables Corporation EQCC Trust 2001-1F EQCC Asset Backed Certificates, Series 2001-1F On April 25, 2002, The Bank of New York, as Trustee for EQCC Trust 2001-1F made a monthly distribution of principal and/or interest to the Holders of the EQCC Asset Backed Certificates, Series 2001-1F. 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 (c) Exhibits Exhibit No. Description 99 Report to Holders of EQCC Asset Backed Certificates, Series 2001-1F relating to the Distribution Date of April 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 thereunto duly authorized. Dated: April 25, 2002 By: /s/ Diane Pickett ------------------------------ Name: Diane Pickett Vice President The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Report to Holders of EQCC Asset Backed Certificates, Series 2001-1F relating to the Distribution Date of April 25, 2002 prepared by the Trustee pursuant to the terms of the Pooling and Servicing Agreement. 99 Monthly Remittance Statement dated April 25, 2002 Payment Date: 04/25/02 ------------------------------------------------------------ EQCC Trust 2001-1F EQCC Asset Backed Certificates, Series 2001-1F ------------------------------------------------------------
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 1,806,551,067.18 6.550000% 59,576,288.30 9,860,757.91 69,437,046.21 0.00 0.00 A2 1,349,338,889.32 6.550000% 40,554,538.64 7,365,141.44 47,919,680.07 0.00 0.00 A3 1,428,788,173.15 6.240000% 39,728,559.42 7,429,698.50 47,158,257.92 0.00 0.00 A4 1,762,886,435.17 6.240000% 60,975,492.11 9,167,009.46 70,142,501.58 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 - - 6,347,564,564.82 - 200,834,878.47 33,822,607.31 234,657,485.78 - - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information - -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest - -------------------------------------------------------------------------------- Senior A1 1,746,974,778.84 0.00 A2 1,308,784,350.68 0.00 A3 1,389,059,613.73 0.00 A4 1,701,910,943.05 0.00 X 0.00 0.00 Residual R1 0.00 0.00 R2 0.00 0.00 R3 0.00 0.00 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Totals - - 6,146,729,686.31 - - --------------------------------------------------------------------------------
Payment Date: 04/25/02 ------------------------------------------------------------ EQCC Trust 2001-1F EQCC Asset Backed Certificates, Series 2001-1F ------------------------------------------------------------
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 1,806,551,067.18 6.550000% 26882JAA4 29.800274 4.932387 873.843062 A2 1,349,338,889.32 6.550000% 26882JAB2 27.022506 4.907578 872.075841 A3 1,428,788,173.15 6.240000% 26882JAC0 24.897639 4.656145 870.514951 A4 1,762,886,435.17 6.240000% 26882JAD8 30.575853 4.596751 853.414669 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 - - 6,347,564,564.82 - - - - - - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------ EQCC Trust 2001-1F EQCC Asset Backed Certificates, Series 2001-1F ------------------------------------------------------------ - -------------------------------------------------------------------------------- COLLATERAL INFORMATION - -------------------------------------------------------------------------------- PrinBal 1,764,706,209.92 1,321,067,931.69 1,402,916,510.30 1,719,979,817.04 LnCt 22330 15706 16381 31137 AvgLnRate 10.142710% 9.925344% 9.790612% 9.928473% PpyAmt 52,876,956.16 36,268,079.69 34,741,948.31 53,221,625.76 Total ----- PrinBal 6,208,670,468.95 LnCt 85554 AvgLnRate 9.96 PpyAmt 177,108,609.92 - -------------------------------------------------------------------------------- FEES AND ADVANCES - -------------------------------------------------------------------------------- Total ----- MSF 793,595.38 569,274.23 627,186.22 746,911.69 2,736,967.52 SSF 0.00 0.00 0.00 0.00 0.00 TF 0.00 0.00 0.00 0.00 0.00 AggAd N/A N/A N/A N/A N/A AdvPd 0.00 0.00 0.00 0.00 0.00 - -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES - -------------------------------------------------------------------------------- Total ----- RealLoss 62,145.99 0.00 43,252.49 89,666.68 195,065.16 CumLoss 128,946.33 1,071.81 43,252.49 131,623.38 304,894.01 Coverage Amounts Total - ---------------- ----- Bankruptcy 0.00 0.00 0.00 0.00 0.00 Fraud 0.00 0.00 0.00 0.00 0.00 SpecHaz 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% 6,347,564,564.82 ----------------------------------------------------------------------------- Junior 0.000000% 0.000000% 0.00 ----------------------------------------------------------------------------- - -------------------------------------------------------------------------------- DELINQUENCY INFORMATION - -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance - ------ ---------- --------------------- 30 to 59 days 2979 202,851,250.70 60 to 89 days 914 65,478,760.51 90 or more 1149 83,825,249.51 Foreclosure 616 45,897,415.74 Totals: 5658 398,052,676.46 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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 234,657,485.78 234,657,485.78 Principal remittance amount 200,834,878.47 200,834,878.47 Interest remittance amount 33,822,607.31 33,822,607.31 -----END PRIVACY-ENHANCED MESSAGE-----