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EXHIBIT 99.1
FIRSTPLUS FINANCIAL, INC. (TRANSFEROR AND SERVICER)
FIRSTPLUS INVESTMENT CORPORATION (SELLER)
FIRSTPLUS HOME LOAN OWNER
THE FIRSTPLUS ASSET-BACKED SECURITIES SERIES 1998-4
AGREEMENT DATED JUNE 1, 1998
SERVICER'S MONTHLY REMITTANCE REPORT
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Principal Optimal Current Principal Principal Interest
Original Balance Before Principal Pass Remittance Carry Interest Carry
Class Face Value Distribution Balance Through (Including Turbo) Forward Remittance Forward
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A-1 173,836,000.00 170,924,047.24 0.00 5.69625% 6,736,070.01 0.00 838,400.26 0.00
A-2 37,456,000.00 37,456,000.00 0.00 6.12% 0.00 0.00 191,025.60 0.00
A-3 77,898,000.00 77,898,000.00 0.00 6.24% 0.00 0.00 405,069.60 0.00
A-4 46,039,000.00 46,039,000.00 0.00 6.32% 0.00 0.00 242,472.07 0.00
A-5 17,773,000.00 17,773,000.00 0.00 6.38% 0.00 0.00 94,493.12 0.00
A-6 52,149,000.00 52,149,000.00 0.00 6.61% 0.00 0.00 287,254.08 0.00
A-7 20,123,000.00 20,123,000.00 0.00 6.80% 0.00 0.00 114,030.33 0.00
A-8 32,256,000.00 32,256,000.00 0.00 6.99% 0.00 0.00 187,891.20 0.00
A IO* 52,379,000.00 52,379,000.00 0.00 6.10% 0.00 0.00 266,259.92 0.00
M-1 68,175,000.00 68,175,000.00 0.00 6.80% 0.00 0.00 386,325.00 0.00
M-2 37,875,000.00 37,875,000.00 0.00 7.19% 0.00 0.00 226,934.38 0.00
B-1* 27,270,000.00 27,270,000.00 0.00 8.21% 0.00 0.00 186,572.25 0.00
B-2* 15,150,000.00 15,150,000.00 0.00 8.53% 0.00 0.00 107,691.25 0.00
R* 0.00 0.00 0.00 0.00 0.00
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Totals 606,000,000.00 603,088,047.24 0.00 6,736,070.01 3,534,419.06
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Total Allocated Ending Pool
Class Distribution Turbo Losses Balance Factor
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A-1 7,574,470.27 0.00 164,187,977.23 94.4499282%
A-2 191,025.60 0.00 37,456,000.00 100.0000000%
A-3 405,069.60 0.00 77,898,000.00 100.0000000%
A-4 242,472.07 0.00 46,039,000.00 100.0000000%
A-5 94,493.12 0.00 17,773,000.00 100.0000000%
A-6 287,254.08 0.00 52,149,000.00 100.0000000%
A-7 114,030.33 0.00 20,123,000.00 100.0000000%
A-8 187,891.20 0.00 32,256,000.00 100.0000000%
A IO* 266,259.92 0.00 52,379,000.00 100.0000000%
M-1 386,325.00 0.00 68,175,000.00 100.0000000%
M-2 226,934.38 0.00 37,875,000.00 100.0000000%
B-1* 186,572.25 0.00 27,270,000.00 100.0000000%
B-2* 107,691.25 0.00 15,150,000.00 100.0000000%
R* 0.00 2,872,406.48 0.00 0.00 0.0000000%
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Totals 10,270,489.07 596,351,977.23
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AMOUNTS PER 1,000 Principal
Balance Before Principal Interest Total End
CLASS CUSIP Distribution Remittance Remittance Distribution Balance
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A-1 337925DX6 983.2488509 38.7495686 4.8229381 43.5725067 944.4992823
A-2 337925DY4 1000.0000000 0.0000000 5.1000000 5.1000000 1000.0000000
A-3 337925DZ1 1000.0000000 0.0000000 5.2000000 5.2000000 1000.0000000
A-4 337925EA5 1000.0000000 0.0000000 5.2666667 5.2666667 1000.0000000
A-5 337925EB3 1000.0000000 0.0000000 5.3166669 5.3166669 1000.0000000
A-6 337925EC1 1000.0000000 0.0000000 5.5083334 5.5083334 1000.0000000
A-7 337925ED9 1000.0000000 0.0000000 5.6666665 5.6666665 1000.0000000
A-8 337925EE7 1000.0000000 0.0000000 5.8250000 5.8250000 1000.0000000
A IO* 337937AN6 1000.0000000 n/a 5.0833334 5.0833334 1000.0000000
M-1 337925EF4 1000.0000000 0.0000000 5.6666667 5.6666667 1000.0000000
M-2 337925EG2 1000.0000000 0.0000000 5.9916668 5.9916668 1000.0000000
B-1 337925EH0 1000.0000000 0.0000000 6.8416667 6.8416667 1000.0000000
B-2* 337937AP1 1000.0000000 0.0000000 7.1083333 7.1083333 1000.0000000
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Original weighted average sercurities rate = 6.97%
Current weighted average sercurities rate = 6.99%
*I. The Class A IO, B-2 and R refer to the A IO, B-2, and Excess Components
of the Residual Interest Certificate.
II. Balances for A IO are Notional.
Determination Date August 5, 1998
Distribution Date August 10, 1998
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FIRSTPLUS FINANCIAL, INC. (TRANSFEROR AND SERVICER)
FIRSTPLUS INVESTMENT CORPORATION (SELLER)
FIRSTPLUS HOME LOAN OWNER
THE FIRSTPLUS ASSET-BACKED SECURITIES SERIES 1998-4
AGREEMENT DATED JUNE 1, 1998
SERVICER'S MONTHLY REMITTANCE REPORT
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COLLECTIONS ON THE MORTGAGE LOANS:
Interest Principal Total
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Scheduled Monthly Payments 5,459,018.97 515,969.16 5,974,988.13
Recovery of Delinquent Scheduled Payments 597,290.15 53,679.16 650,969.31
Principal Prepayments 576,268.25 3,294,008.46 3,870,276.71
Foreclosure Collections 0.00 0.00 0.00
Prefunding Account Earnings 145,007.75 0.00 145,007.75
Certificate Account Earnings 12.47 0.00 12.47
Collection Account Earnings 24,619.55 6.75 24,626.30
Available Collection Amount 6,802,217.14 3,863,663.53 10,665,880.67
FEES:
Servicing Compensation 397,428.51
Indenture Trustee Fee 416.67
Owner Trustee Fee 0.00
Total Fees: 397,845.18
UNDERCOLLATERALIZATION INFORMATION:
Original Undercollateralization Amount 6,000,000.00
Current Undercollateralization Amount 3,054,629.82
OVERCOLLATERALIZATION INFORMATION:
Original Overcollateralization Amount 0.00
Current Overcollateralization Amount 0.00
Required Overcollateralization Amount 21,000,000.00
LIBOR SECURITIES INFORMATION:
Intial Interest Rate 5.65625%
Number of Days in Class A-1 Accrual Period 31
COLLATERAL INFORMATION:
Beginning Weighted Average Remaining Maturity 257
Ending Weighted Average Remaining Maturity 257
Beginning Weighted Average Coupon 13.520%
Ending Weighted Average Coupon 13.510%
Beginning Number of Loans 17,012
Ending Number of Loans 19,119
Beginning Unpaid Principle Balance of Home Loans 524,969,050.21
Ending Unpaid Principle Balance of Home Loans 593,297,347.41
Loans Paid in Full 101
DELINQUENCIES:
# $ % of $
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31-60 Days 28 743,671 0.125%
61-90 Days 10 345,819 0.058%
Over 90 0 0 0.000%
Total 38 1,089,490 0.184%
LIQUIDATED LOANS:
Principal Interest
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Liquidation Proceeds 0.00 0.00
Write-Offs 0.00 0.00
Net Losses 0.00 0.00
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BACKUP CALCULATIONS:
DEPOSIT TO NOTE PAYMENT ACCOUNT:
Available Collection Amount 10,665,880.67
Withdrawal to Transferor 0.00
Note Payment Account Earnings 2,453.58
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Total Deposits 10,668,334.25
Note Payment Account balance 10,668,334.25
WITHDRAWS FROM NOTE PAYMENT ACCOUNT:
To retain in the note payment account or deposit into the certificate
distribution account for payment on the payment date as applicable pursuant to
section 5.01 (c)
Remaining Balance
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Servicing Compensation 397,428.51 10,270,905.74
Indenture Trustee Fee 416.67 10,270,489.07
Owner Trustee Fee 0.00 10,270,489.07
Senior Noteholders Interest Payment Amount 2,360,636.26 7,909,852.81
Class M-1 Noteholders Interest Payment Amount 386,325.00 7,523,527.81
Class M-2 Noteholders Interest Payment Amount 226,934.38 7,296,593.43
A IO Component Interest Distributable Amount 266,259.92 7,030,333.51
Class B-1 Component Interest Distributable Amount 186,572.25 6,843,761.26
Class B-2 Component Interest Distributable Amount 107,691.25 6,736,070.01
Senior Note Regular Prinicipal Payment Amount 3,863,663.53 2,872,406.48
Class M-1 Regular Prinicipal Payment Amount 0.00 2,872,406.48
Class M-2 Regular Prinicipal Payment Amount 0.00 2,872,406.48
Class B-1 Component Regular Prinicipal Distributable Amount 0.00 2,872,406.48
Class B-2 Component Regular Prinicipal Distributable Amount 0.00 2,872,406.48
Class M-1 Deferred Amount 0.00 2,872,406.48
Class M-2 Deferred Amount 0.00 2,872,406.48
Class B-1 Component Deferred Amount 0.00 2,872,406.48
Class B-2 Component Loss Reimbursement Deficiency Amount 0.00 2,872,406.48
Servicing Advance Reimbursement Amount 0.00 2,872,406.48
Overcollateralization Shortfall amount to Senior Note Holder 2,872,406.48 0.00
Overcollateralization Shortfall amount to Class M-1 Notes 0.00 0.00
Overcollateralization Shortfall amount to Class M-2 Notes 0.00 0.00
Overcollateralization Shortfall amount to Class B-1 Component 0.00 0.00
Overcollateralization Shortfall amount to Class B-2 Component 0.00 0.00
Remaining Amount for payment to Class R on the Payment Date 0.00 0.00