1
Cityscape Home Equity Loan Trust
Series 1997-B
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: 8/25/97
FACTORS (Per $1000 Of Original Certificate Balance)
Original Interest Principal Certificate
CUSIP Certificate Distribution Distribution Balance
Class Number Balance Factor Factor Factor
A-1 178779BQ6 27,200,000.00 4.24307206 176.82938603 537.29211890
A-2 178779BR4 24,200,000.00 5.79166653 0.00000000 1,000.00000000
A-3 178779BS2 30,950,000.00 5.85000000 0.00000000 1,000.00000000
A-4 178779BT0 18,350,000.00 5.96666649 0.00000000 1,000.00000000
A-5 178779BU7 19,550,000.00 6.23333350 0.00000000 1,000.00000000
A-6 178779BV5 11,550,000.00 6.59166667 0.00000000 1,000.00000000
A-7 178779BW3 11,750,000.00 6.17500000 0.00000000 1,000.00000000
M-1F 178779BY9 7,425,000.00 6.44166734 0.00000000 1,000.00000000
M-2F 178779BZ6 8,250,000.00 6.62500000 0.00000000 1,000.00000000
B-1F 178779CN2 5,775,000.00 6.90000000 0.00000000 1,000.00000000
A-8 178779BX1 25,469,000.00 4.88134085 19.92505085 938.02238967
M-1A 178779CA0 3,010,000.00 5.24201329 0.00000000 1,000.00000000
M-2A 178779CB8 1,872,000.00 5.41423611 0.00000000 1,000.00000000
B-1A 178779CC6 2,196,812.00 5.71562337 0.00000000 1,000.00000000
INTEREST Current
Prior Interest Current Month Current Current Interest
Certificate Carryover Interest Interest Interest Carryover
Class Rate Shortfall Accrual Amount Payment Shortfall
0.00
A-1 7.13000% 0.00 115,411.56 115,411.56 115,411.56 0.00
A-2 6.95000% 0.00 140,158.33 140,158.33 140,158.33 0.00
A-3 7.02000% 0.00 181,057.50 181,057.50 181,057.50 0.00
A-4 7.16000% 0.00 109,488.33 109,488.33 109,488.33 0.00
A-5 7.48000% 0.00 121,861.67 121,861.67 121,861.67 0.00
A-6 7.91000% 0.00 76,133.75 76,133.75 76,133.75 0.00
A-7 7.41000% 0.00 72,556.25 72,556.25 72,556.25 0.00
M-1F 7.73000% 0.00 47,829.38 47,829.38 47,829.38 0.00
M-2F 7.95000% 0.00 54,656.25 54,656.25 54,656.25 0.00
B-1F 8.28000% 0.00 39,847.50 39,847.50 39,847.50 0.00
Group I Total 0.00 959,000.52 959,000.52 959,000.52 0.00
A-8 5.91750% 0.00 124,322.87 124,322.87 124,322.87 0.00
M-1A 6.08750% 0.00 15,778.46 15,778.46 15,778.46 0.00
M-2A 6.28750% 0.00 10,135.45 10,135.45 10,135.45 0.00
B-1A 6.63750% 0.00 12,556.15 12,556.15 12,556.15 0.00
Group II Total 0.00 162,792.93 162,792.93 162,792.93 0.00
PRINCIPAL
Beginning Principal Principal Ending Principal Optimal
Certificate Distribution Loss Principal Certificate Loss Reim- Principal Principal
Class Balance Amount Allocation Reduction Balance bursement Distribution Balance
A-1 19,424,104.93 4,809,759.30 --- 4,809,759.30 14,614,345.63 --- 4,809,759.30 0.00
A-2 24,200,000.00 0.00 --- 0.00 24,200,000.00 --- 0.00 0.00
A-3 30,950,000.00 0.00 --- 0.00 30,950,000.00 --- 0.00 0.00
A-4 18,350,000.00 0.00 --- 0.00 18,350,000.00 --- 0.00 0.00
A-5 19,550,000.00 0.00 --- 0.00 19,550,000.00 --- 0.00 0.00
A-6 11,550,000.00 0.00 --- 0.00 11,550,000.00 --- 0.00 0.00
A-7 11,750,000.00 0.00 --- 0.00 11,750,000.00 --- 0.00 0.00
M-1F 7,425,000.00 0.00 0.00 0.00 7,425,000.00 0.00 0.00 0.00
M-2F 8,250,000.00 0.00 0.00 0.00 8,250,000.00 0.00 0.00 0.00
B-1F 5,775,000.00 0.00 0.00 0.00 5,775,000.00 0.00 0.00 0.00
157,224,104.93 4,809,759.30 0.00 4,809,759.30 152,414,345.63 0.00 4,809,759.30 0.00
A-8 24,397,963.36 507,471.12 --- 507,471.12 23,890,492.24 --- 507,471.12 0.00
M-1A 3,010,000.00 0.00 0.00 0.00 3,010,000.00 0.00 0.00 0.00
M-2A 1,872,000.00 0.00 0.00 0.00 1,872,000.00 0.00 0.00 0.00
B-1A 2,196,812.00 0.00 0.00 0.00 2,196,812.00 0.00 0.00 0.00
31,476,775.36 507,471.12 0.00 507,471.12 30,969,304.24 0.00 507,471.12 0.00
COLLECTION ACCOUNT
INTEREST REMITTANCE AMOUNT Group I Group II
Aggregate Loan Balance 158,841,766.46 31,840,286.82
Weighted Average Net Mortgage Rate 11.336305% 9.950649%
Net Interest Due from Loans 1,500,565.66 264,026.27
Net Prepayment Interest Shortfall 0.00 0.00
Interest Remittance Amount 1,500,565.66 264,026.27
PRINCIPAL REMITTANCE AMOUNT Group I Group II
Scheduled Principal Received 104,114.41 13,425.21
Partial Prepayments Received 12,981.07 2,704.08
Paid in Full Principal Received 4,112,587.82 390,406.99
Net Liquidation Proceeds 0.00 0.00
Net Recovery Proceeds 0.00 0.00
Blanket Policy Deductible Amounts 0.00 0.00
Purchase Price Amount Received 40,000.00 0.00
Substitution Shortfall Amount Received 0.00 0.00
Deposit from Pre-Funding Account Balance 0.00 ---
Principal Remittance Amount 4,269,683.30 406,536.28
CERTIFICATE ACCOUNT AMOUNT Group I Group II
Interest Remittance Amount 1,500,565.66 264,026.27
Principal Remittance Amount 4,269,683.30 406,536.28
Termination Price 0.00 0.00
Investment Losses 0.00 0.00
Unutilized Funding Amount 0.00 ---
Pre-Funding Account Earnings 0.00 ---
Capitalized Interest Requirement 0.00 ---
Amount Available 5,770,248.96 670,562.55
Less: Nonrecoverable Servicing Advance Reimbursement 0.00 0.00
Trustee Fee 1,489.14 298.50
Certificate Account Amount 5,768,759.82 670,264.05
REGULAR DISTRIBUTION AMOUNT Group I Group II
Senior Interest Distributable Amount 816,667.39 124,322.87
Mezzannine Interest Distributable Amount 102,485.63 25,913.91
Class B Interest Distributable Amount 39,847.50 12,556.15
Regular Principal Distribution Amount 4,269,683.30 406,536.28
Regular Distribution Amount 5,228,683.82 569,329.21
ALLOCATION OF AVAILABLE DISTRIBUTION AMOUNT Group I Group II
Senior Interest Distributable Amount 816,667.39 124,322.87
Mezannine Interest Distributable Amount 102,485.63 25,913.91
Class B Interest Distributable Amount 39,847.50 12,556.15
Principal from Reg Dist Amt to Senior Class 4,269,683.30 406,536.28
Principal from Reg Dist Amt to Mezzanine Class 0.00 0.00
Principal from Reg Dist Amt to Class B 0.00 0.00
Loss Reimb. from Reg Dist Amt to Mezz. and Class B 0.00 0.00
Principal from Excess Spread to Senior Class 540,076.00 100,934.84
Principal from Excess Spread to Mezzanine Class 0.00 0.00
Principal from Excess Spread to Class B 0.00 0.00
Loss Reimb. from Excess Spread to Mezz. and Class B 0.00 0.00
Class R Certificate Distribution 0.00 0.00
DELINQUENCY ADVANCE Group I Group II
Interest Remittance Amount 1,500,565.66 264,026.27
Net Interest Received N/A N/A
Closing Date Deposit 0.00 0.00
Delinquency Advance N/A N/A
OVERCOLLATERALIZATION AMOUNTS Group I Group II
Overcollateralization Target Amount 5,774,990.48 1,952,868.69
OC Amount Prior to Distribution of Excess Spread 1,617,661.53 363,511.46
OC Amount After Distribution of Excess Spread 2,157,737.53 464,446.30
OC Deficiency Amount Prior to Distribution of Excess Spread 4,157,328.95 1,589,357.23
OC Deficiency Amount After Distribution of Excess Spread 3,617,252.95 1,488,422.39
CLASS A-7 PRIORITY DISTRIBUTION AMOUNT
Class A-7 Priority Percentage 0.00%
Group 1 Senior Principal Distribution Amount 4,269,683.30
Class A-7 Pro Rata General Distribution Amount 369,501.82
Class A-7 Priority General Distribution Amount 0.00
Class A-7 Pro Rata Excess Distribution Amount 46,738.61
Class A-7 Priority Excess Distribution Amount 0.00
COLLATERAL CHARACTERISTICS Group I Group II
Beginning Loan Balance 158,841,766.46 31,840,286.82
Ending Loan Balance 154,572,083.16 31,433,750.54
Beginning WAC 11.8363% 10.4506%
Ending WAC 11.8288% 10.6550%
Beginning WAM 0.00 0.00
Ending WAM 0.00 0.00
Beginning Loan Count 2,528.00 294.00
Ending Loan Count 2,475.00 290.00
Realized Principal Loss 0.00 0.00
Accumulated Realized Principal Loss 0.00 0.00
Realized Loss as a % of Max. Coll. Amt. 0.0000% 0.0000%
Balance of Mixed Use Loans 1,897,614.87 0.00
Maximum Collateral Amount 164,999,728.11 32,547,811.51
Liquidated Mortgage Loan Balance 0.00 0.00
Liquidated Mortgage Loan Count 0.00 0.00
Modified Loan Balance 0.00 0.00
DELINQUENCY INFORMATION
Group I Group I Group I Group II Group II Group II
# of Loans Agg Loan Bal Percent # of Loans Agg Loan Bal Percent
30 days 57 2,892,352.99 1.8712% 5 372,075.31 1.1837%
60 days * 34 2,350,911.78 1.5209% 4 451,704.20 1.4370%
90+ days * 45 3,425,983.00 2.2164% 2 201,569.27 0.6413%
Foreclosure 41 3,289,494.35 2.1281% 3 307,775.64 0.9791%
Bankruptcy 2 64,576.11 0.0418% 0 0.00 0.0000%
REO 0 0.00 0.0000% 0 0.00 0.0000%
REO Book Value --- 0.00 0.0000% --- 0.00 0.0000%
* Includes Foreclosures