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FIRSTPLUS FINANCIAL, INC. (TRANSFEROR AND SERVICER)
FIRSTPLUS INVESTMENT CORPORATION (SELLER)
FIRSTPLUS HOME LOAN OWNER TRUST 1997-4 (ISSUER)
THE FIRSTPLUS ASSET-BACKED SECURITIES SERIES 1997-4
AGREEMENT DATED NOVEMBER 1, 1997
SERVICER'S MONTHLY REMITTANCE REPORT
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Principal Current Principal Principal Interest
Original Balance Before Pass Remittance Carry Interest Carry
Class Face Value Distribution Through (Including Turbo) Forward Remittance Forward
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A-1 182,000,000.00 182,000,000.00 5.79625% 4,991,568.65 0.00 879,097.92 0.00
A-2 111,000,000.00 111,000,000.00 6.30% 0.00 0.00 582,750.00 0.00
A-3 85,500,000.00 85,500,000.00 6.40% 0.00 0.00 456,000.00 0.00
A-4 87,200,000.00 87,200,000.00 6.57% 0.00 0.00 477,420.00 0.00
A-5 50,600,000.00 50,600,000.00 6.62% 0.00 0.00 279,143.33 0.00
A-6 71,500,000.00 71,500,000.00 6.82% 0.00 0.00 406,358.33 0.00
A-7 55,000,000.00 55,000,000.00 6.96% 0.00 0.00 319,000.00 0.00
A-8 61,675,000.00 61,675,000.00 7.31% 0.00 0.00 375,703.54 0.00
A-8 IO* 61,675,000.00 61,675,000.00 6.41% 0.00 0.00 329,447.29 0.00
M-1 90,900,000.00 90,900,000.00 7.14% 0.00 0.00 540,855.00 0.00
M-2 47,722,500.00 47,722,500.00 7.33% 0.00 0.00 291,504.94 0.00
B-1* 43,177,500.00 43,177,500.00 7.69% 0.00 0.00 276,695.81 0.00
B-2* 22,725,000.00 22,725,000.00 8.52% 0.00 0.00 161,347.50 0.00
R* 0.00 0.00 0.00 0.00 0.00
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Totals 909,000,000.00 909,000,000.00 4,991,568.65 5,375,323.66
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Total Allocated Ending Pool
Class Distribution Turbo Losses Balance Factor
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A-1 5,870,666.57 0.00 0.00 177,008,431.35 97.257380%
A-2 582,750.00 0.00 0.00 111,000,000.00 100.000000%
A-3 456,000.00 0.00 0.00 85,500,000.00 100.000000%
A-4 477,420.00 0.00 0.00 87,200,000.00 100.000000%
A-5 279,143.33 0.00 0.00 50,600,000.00 100.000000%
A-6 406,358.33 0.00 0.00 71,500,000.00 100.000000%
A-7 319,000.00 0.00 0.00 55,000,000.00 100.000000%
A-8 375,703.54 0.00 0.00 61,675,000.00 100.000000%
A-8 IO* 329,447.29 0.00 0.00 61,675,000.00 100.000000%
M-1 540,855.00 0.00 0.00 90,900,000.00 100.000000%
M-2 291,504.94 0.00 0.00 47,722,500.00 100.000000%
B-1* 276,695.81 0.00 0.00 43,177,500.00 100.000000%
B-2* 161,347.50 0.00 0.00 22,725,000.00 100.000000%
R* 0.00 2,034,999.00 0.00 0.00 0.000000%
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Totals 10,366,892.31 904,008,431.35
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AMOUNTS PER 1,000 Principal
Balance Before Principal Interest Total End Determination Date December 5, 1997
CLASS CUSIP Distribution Remittance Remittance Distribution Balance Distribution Date December 10, 1997
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A-1 337325CE9 1000.000000 27.426201 4.830208 32.256410 972.573799
A-2 337325CF6 1000.000000 0.000000 5.250000 5.250000 1000.000000
A-3 337325CG4 1000.000000 0.000000 5.333333 5.333333 1000.000000
A-4 337925CH2 1000.000000 0.000000 5.475000 5.475000 1000.000000
A-5 337925CJ8 1000.000000 0.000000 5.516667 5.516667 1000.000000
A-6 337925CK5 1000.000000 0.000000 5.683333 5.683333 1000.000000
A-7 337925CL3 1000.000000 0.000000 5.800000 5.800000 1000.000000
A-8 IO* 337925CM1 1000.000000 n/a 6.091667 6.091667 1000.000000
M-1 337925CN9 1000.000000 0.000000 5.950000 5.950000 1000.000000
M-2 337925CP4 1000.000000 0.000000 6.108333 6.108333 1000.000000
B-1* 337-937-AB2 1000.000000 0.000000 6.408333 6.408333 1000.000000
B-2* 337-937-AC0 1000.000000 0.000000 7.100000 7.100000 1000.000000
Original weighted average securities rate = 6.65%
Current weighted average securities rate = 6.65%
* I. The Class A-8 IO, B-1, B-2 and R refer to the A-8 IO, B-1, B-2, and Excess
Components of the Residual Interest Certificate.
II. Balances for A-8 IO are Notional.
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FIRSTPLUS FINANCIAL, INC. (TRANSFEROR AND SERVICER)
FIRSTPLUS INVESTMENT CORPORATION (SELLER)
FIRSTPLUS HOME LOAN OWNER TRUST 1997-4 (ISSUER)
THE FIRSTPLUS ASSET-BACKED SECURITIES SERIES 1997-4
AGREEMENT DATED NOVEMBER 1, 1997
SERVICER'S MONTHLY REMITTANCE REPORT
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COLLECTIONS ON THE MORTGAGE LOANS:
INTEREST PRINCIPAL TOTAL
-------- --------- -----
Scheduled Monthly Payments 5,936,803.81 1,094,319.70 7,031,123.51
Recovery of Delinquent Scheduled Payments 1,322,772.03 149,608.23 1,472,380.26
Principal Prepayments 466,524.12 1,712,641.72 2,179,165.84
Foreclosure Collections 0.00 0.00 0.00
Prefunding Account Deposit 152,972.70 0.00 152,972.70
Collection Account Earnings 293.57 0.00 293.57
Available Collection Amount 7,879,366.23 2,956,569.65 10,835,935.88
FEES:
Servicing Fee 468,750.00
Indenture Trustee Fee 145.83
Owner Trustee Fee 0.00
Total Fees: 468,895.83
UNDERCOLLATERALIZATION INFORMATION:
Original Undercollateralization Amount 9,000,000.00
Current Undercollateralization Amount 6,965,001.00
OVERCOLLATERALIZATION INFORMATION*:
Original Overcollateralization Amount 0.00
Current Overcollateralization Amount 0.00
Required Overcollateralization Amount 31,500,000.00
AMOUNT IN PREFUNDING ACCOUNT: 150,000,001.75
COLLATERAL INFORMATION:
Beginning Weighted Average Remaining Maturity 237
Ending Weighted Average Remaining Maturity 236
Beginning Weighted Average Coupon 13.857%
Ending Weighted Average Coupon 13.750%
Beginning Number of Loans 22,955
Ending Number of Loans 22,902
Beginning Unpaid Principle Balance of Home Loans 749,999,998.25
Ending Unpaid Principle Balance of Home Loans 747,043,428.60
Loans Paid in Full 53
DELINQUENCIES:
# $ % of $
--- --- ------
30-59 Days 103 3,091,972.00 0.4123%
60-89 Days 4 149,837.00 0.0200%
Over 90 2 45,299.00 0.0060%
Total 109 3,287,108.00 0.4383%
LIQUIDATED LOANS:
Principal Interest
Liquidation Proceeds 0.00 0.00
Write-Offs 0.00 0.00
Net Losses 0.00 0.00
* Assumes entire prefunded account is used to purchase home loans
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