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                         INDEPENDENT ACCOUNTANTS' REPORT




The Board of Directors
NovaStar Mortgage, Inc.


We have examined management's assertion about NovaStar Mortgage, Inc.'s (the
Company) compliance with the minimum servicing standards set forth in the
Mortgage Bankers Association of America's Uniform Single Attestation Program for
Mortgage Bankers for the period from January 1, 2000 to December 31, 2000
included in the accompanying management assertion. Management is responsible for
the Company's compliance with those minimum servicing standards. Our
responsibility is to express an opinion on management's assertion about the
Company's compliance based on our examination.

Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, including
examining, on a test basis, evidence about the Company's compliance with the
minimum servicing standards and performing such other procedures as we
considered necessary in the circumstances. We believe that our examination
provides a reasonable basis for our opinion. Our examination does not provide a
legal determination on the Company's compliance with the minimum servicing
standards.

In our opinion, management's assertion that NovaStar Mortgage, Inc. has complied
in all material respects with the aforementioned minimum servicing standards for
the period from January 1, 2000 to December 31, 2000 is fairly stated, in all
material respects.


KPMG LLP

February 9, 2001