1
Exhibit 28.3
Report for the Fiscal Year Ended June 30, 1997 Aggregating Certain Monthly
Information to Certificateholders dated September 26, 1997 with respect to
Registrant's Mortgage Pass-Through Certificates, Series 1996-A, 1996-B, 1996-C,
1996-D, 1997-A and 1997-B
I.A(i) The amount of such distribution allocable to principal
Pool Series Amount Allocable to Principal
- ----------- -----------------------------
1996-A $27,371,833.17 Group 1-Fixed Rate
36,053,135.09 Group 2-Adjustable Rate
1996-B 27,266,642.76 Group 1-Fixed Rate
64,983,819.95 Group 2-Adjustable Rate
1996-C 30,196,770.47 Group 1-Fixed Rate
87,682,046.30 Group 2-Adjustable Rate
1996-D 23,146,416.58 Group 1-Fixed Rate
35,692,513.50 Group 2-Adjustable Rate
1997-A 7,358,963.27 Fixed Rate
1997-B 443,043.43 Group 1-Fixed Rate
1,753,303.78 Group 2-Adjustable Rate
I.A(ii) The amount of such distribution allocable to interest:
Pool Series Amount allocable to interest
- ----------- ----------------------------
1996-A $ 5,676,788.43 Group 1-Fixed Rate
4,716,856.18 Group 2-Adjustable Rate
1996-B 7,429,013.01 Group 1-Fixed Rate
8,947,131.47 Group 2-Adjustable Rate
1996-C 9,365,999.38 Group 1-Fixed Rate
15,521,852.26 Group 2-Adjustable Rate
1996-D 8,610,981.11 Group 1-Fixed Rate
11,065,475.47 Group 2-Adjustable Rate
1997-A 4,871,559.32 Fixed Rate
1997-B 1,540,987.33 Group 1-Fixed Rate
2,280,037.88 Group 2-Adjustable Rate
2
I.A(iii) The amount of such distribution allocable to any excess interest or
excess cash distribution in connection with any overcollateralization feature:
Initial Balance
Pool Series Overcollateralization Increases 6/30/97
- ----------- --------------------- -------------- --------------
1996-A $3,309,683.46 $ 5,440,316.54 $ 8,750,000.00
1996-B 3,671,692.97 11,549,949.03 15,221,642.00
1996-C 3,589,489.71 16,427,360.16 20,016,849.87
1996-D 4,771,708.08 12,400,484.94 17,172,193.02
1997-A 427,166.45 1,670,669.08 2,097,835.53
1997-B 1,638,971.84 -0- 1,638,971.84
*I.A(iv) Total amount of any insured payment included in the amount distributed
Pool Series Amount
- ----------- ------
1996-A -0-
1996-B -0-
1996-C -0-
1996-D -0-
1997-A -0-
1997-B -0-
I.A(iv) The amount of any fee paid in respect of credit enhancement for the
related collection period (represents amount held in Expense Account at Bankers
Trust at 6/30/97):
Pool Series Amount
- ----------- ------
1996-A -0-
1996-B -0-
1996-C -0-
1996-D -0-
1997-A -0-
1997-B -0-
3
I.A(v) The amount of unreimbursed monthly advances and/or servicing advances:
Pool Series Amount
- ----------- ------
1996-A $ 557,939.42
1996-B 908,544.88
1996-C 1,219,527.42
1996-D 1,293,187.61
1997-A 280,207.54
1997-B 1,723,050.28
I.A(vi) The aggregate amount (a) otherwise allocable to the subordinated
Certificateholders on such distribution date, and (b) withdrawn from reserve
account, if any, that is included in the amounts distributed with respect to
senior certificates.
None.
I.A(vii) The aggregate outstanding principal balance of the Mortgage Loans in
the related pool or Mortgage Loan Group:
Pool Series Principal Balance
- ----------- -----------------
1996-A $ 71,766,861.94 Group 1-Fixed Rate
63,433,942.55 Group 2-Adjustable Rate
1996-B 95,772,935.82 Group 1-Fixed Rate
123,842,093.20 Group 2-Adjustable Rate
1996-C 150,284,369.91 Group 1-Fixed Rate
276,853,663.20 Group 2-Adjustable Rate
1996-D 224,594,442.07 Group 1-Fixed Rate
325,161,905.25 Group 2-Adjustable Rate
1997-A 209,738,872.26 Fixed Rate
1997-B 189,566,956.88 Group 1-Fixed Rate
308,246,696.66 Group 2-Adjustable Rate
4
I.A(viii) The number and aggregate principal balance of Mortgage Loans in the
related mortgage pool contractually delinquent (a) 30 to 59 days, (b) 60 to 89
days and (c) 90 days or more as of the end of the related collection period:
30 to 59 60 to 89 90 or more
Pool Series days days days
- ----------- -------- -------- ----------
1996-A
Group 1-Fixed Rate
Principal Balance $ 2,362,266.58 $ 500,003.87 $1,002,590.65
Number of loans 40 10 21
Group 2-Adjustable Rate
Principal Balance 3,075,204.89 819,998.35 2,924,605.80
Number of loans 27 9 33
1996-B
Group 1-Fixed Rate
Principal Balance $ 3,126,230.99 $ 755,538.74 $ 906,892.54
Number of loans 64 12 21
Group 2-Adjustable Rate
Principal Balance 5,585,015.16 1,489,781.74 3,012,166.00
Number of loans 60 18 34
1996-C
Group 1-Fixed Rate
Principal Balance 4,916,261.47 1,016,640.12 914,607.20
Number of loans 95 21 13
Group 2-Adjustable Rate
Principal Balance 9,396,165.16 3,279,960.47 3,041,894.90
Number of loans 114 38 33
1996-D
Group 1-Fixed Rate
Principal Balance 5,538,515.50 1,342,508.02 1,245,131.50
Number of loans 111 24 22
Group 2-Adjustable Rate
Principal Balance 10,936,004.93 3,337,507.88 1,911,823.30
Number of loans 132 42 25
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1997-A
Principal Balance 4,919,015.40 1,535,737.79 1,185,334.34
Number of loans 82 26 14
1997-B
Group 1-Fixed Rate
Principal Balance 14,547,025.25 1,377,165.40 -0-
Number of loans 245 22 -0-
Group 2-Adjustable Rate
Principal Balance 39,532,848.01 18,718,531.72 85,794.80
Number of loans 409 135 2
I.A(ix) The aggregate principal balances of Mortgage Loans in foreclosure or
other similar proceedings and the aggregate principal balances of Mortgage
Loans, the mortgagor of which is known by the Servicer to be in bankruptcy as of
the end of the period:
Pool Series Loans in Foreclosure
- ----------- --------------------
1996-A
Group 1-Fixed Rate
Principal Balance $ 7,824,484,92
Number of loans 114
Group 2-Adjustable Rate
Principal Balance 13,671,940.11
Number of loans 125
1996-B
Group 1-Fixed Rate
Principal Balance 11,403,385.67
Number of loans 169
Group 2-Adjustable Rate
Principal Balance 23,939,010.34
Number of loans 260
1996-C
Group 1-Fixed Rate
Principal Balance 9,611,780.97
Number of loans 158
Group 2-Adjustable Rate
Principal Balance 28,908,480.49
Number of loans 311
6
1996-D
Group 1-Fixed Rate
Principal Balance 10,271,141.27
Number of loans 182
Group 2-Adjustable Rate
Principal Balance 23,770,761.09
Number of loans 269
1997-A
Principal Balance 2,573,701.21
Number of loans 45
1997-B
Group 1-Fixed Rate
Principal Balance 154,942.57
Number of loans 2
Group 2-Adjustable Rate
Principal Balance 126,027.20
Number of loans 2
I.A(x) The certificate principal balance of each Class of Certificates:
Pool Series Certificate Principal Balance
- ----------- -----------------------------
1996-A $ 68,016,861.94 Group 1-Fixed Rate
58,433,942.55 Group 2-Adjustable Rate
1996-B 91,571,701.82 Group 1-Fixed Rate
112,821,685.20 Group 2-Adjustable Rate
1996-C 144,803,229.54 Group 1-Fixed Rate
262,317,953.70 Group 1-Fixed Rate
1996-D 218,853,583.40 Group 1-Fixed Rate
313,730,570.90 Group 2-Adjustable Rate
1997-A 207,641,036.73 Fixed Rate
1997-B 189,566,956.57 Group 1-Fixed Rate
308,246,696.22 Group 2-Adjustable Rate