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 5 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