-----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, LoEPY7pKwT7NAsyjz+ufMZlTfGYyvRC6Hs6vRwo/BQZ9iUFmQ8h8uVdQePzXY8Do 91FjGYP4r44pjwpjRRSg4A== 0001071787-02-000574.txt : 20020703 0001071787-02-000574.hdr.sgml : 20020703 20020703114742 ACCESSION NUMBER: 0001071787-02-000574 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020625 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020703 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: 02695884 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_edgar0206.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): June 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 June 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 June 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: June 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 June 25, 2002 prepared by the Trustee pursuant to the terms of the Pooling and Servicing Agreement. 99 Monthly Remittance Statement dated June 25, 2002 Payment Date: 06/25/02 ------------------------------------------------------------ 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 1,694,372,694.79 6.550000% 62,560,441.68 9,248,450.96 71,808,892.64 0.00 0.00 A2 1,268,361,708.01 6.550000% 40,913,532.10 6,923,140.99 47,836,673.09 0.00 0.00 A3 1,349,986,195.14 6.240000% 43,180,585.76 7,019,928.21 50,200,513.98 0.00 0.00 A4 1,633,935,918.21 6.240000% 72,389,339.89 8,496,466.77 80,885,806.67 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 - - 5,946,656,516.15 - 219,043,899.44 31,687,986.94 250,731,886.38 - - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information - -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest - -------------------------------------------------------------------------------- Senior A1 1,631,812,253.11 0.00 A2 1,227,448,175.90 0.00 A3 1,306,805,609.38 0.00 A4 1,561,546,578.32 0.00 X 0.00 0.00 Residual R1 0.00 0.00 R2 0.00 0.00 R3 0.00 0.00 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Totals - - 5,727,612,616.71 - - --------------------------------------------------------------------------------
Payment Date: 06/25/02 ------------------------------------------------------------ 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 1,694,372,694.79 6.550000% 26882JAA4 31.292958 4.626108 816.238353 A2 1,268,361,708.01 6.550000% 26882JAB2 27.261713 4.613062 817.879507 A3 1,349,986,195.14 6.240000% 26882JAC0 27.061002 4.399345 818.966883 A4 1,633,935,918.21 6.240000% 26882JAD8 36.299270 4.260510 783.029665 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 - - 5,946,656,516.15 - - - - - - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------ EQCC Trust 2001-1F EQCC Asset Backed Certificates, Series 2001-1F ------------------------------------------------------------ - -------------------------------------------------------------------------------- COLLATERAL INFORMATION - -------------------------------------------------------------------------------- Prinbalance 1,657,955,676.33 1,245,621,015.66 1,327,296,830.05 1,588,054,259.25 Loan count 21072 14872 15513 29243 Avg loan rate 10.129377% 9.906413% 9.772290% 9.931216% Prepay amount 56,322,554.77 36,697,128.31 38,630,148.06 64,781,091.09 Total ----- Prinbalance 5,818,927,781.29 Loan count 80700 Avg loan rate 9.95 Prepay amount 196,430,922.23 - -------------------------------------------------------------------------------- FEES AND ADVANCES - -------------------------------------------------------------------------------- Master serv fees 699,074.46 511,362.49 534,898.77 660,863.10 Sub servicer fees 0.00 0.00 0.00 0.00 Agg advances N/A N/A N/A N/A Adv this period 0.00 0.00 0.00 0.00 Total ----- Masterserv fees 2,406,198.82 Sub servicer fees 0.00 Trustee fees 0.00 Agg advances N/A Adv this period 0.00 - -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES - -------------------------------------------------------------------------------- Realized losses 7,458.93 585.18 0.00 41,732.64 Cumulative losses 243,342.59 1,656.99 41,352.30 191,388.01 Total ----- Realized losses 49,776.75 Cumulative losses 477,739.89 Coverage Amounts - ---------------- Bankruptcy 0.00 0.00 0.00 0.00 Fraud 0.00 0.00 0.00 0.00 Special Hazard 0.00 0.00 0.00 0.00 Total ----- Bankruptcy 0.00 Fraud 0.00 Special Hazard 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 100.000000% 100.000000% 5,946,656,516.15 ----------------------------------------------------------------------------- Junior 0.000000% 0.000000% 0.00 ----------------------------------------------------------------------------- - -------------------------------------------------------------------------------- DELINQUENCY INFORMATION - -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance - ------ ---------- --------------------- 30 to 59 days 3046 200,082,170.90 60 to 89 days 1145 79,466,937.79 90 or more 1965 141,791,429.21 Foreclosure 1830 144,161,364.94 Totals: 7986 565,501,902.84 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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 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 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: 1,278,960.60 Current Total Outstanding Number of Loans: 21 - -------------------------------------------------------------------------------- OTHER INFORMATION - -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 250,731,886.38 250,731,886.38 Principal remittance amount 219,043,899.44 219,043,899.44 Interest remittance amount 31,687,986.94 31,687,986.94 -----END PRIVACY-ENHANCED MESSAGE-----