1
Cityscape Home Equity Loan Trust
Series 1996-4
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: 5/25/97
FACTORS (Per $1000 Of Original Certificate Balance)
Original Interest Principal Certificate
CUSIP Certificate Distribution Distribution Balance
Class Number Balance Factor Factor Factor
A-1 178779BB9 38,000,000.00 4.12445789 109.47647164 629.23239624
A-2 178779BC7 31,500,000.00 5.40833333 0.00000000 1,000.00000000
A-3 178779BD5 38,750,000.00 5.41666658 0.00000000 1,000.00000000
A-4 178779BE3 27,250,000.00 5.52500000 0.00000000 1,000.00000000
A-5 178779BF0 12,500,000.00 5.67500000 0.00000000 1,000.00000000
A-6 178779BG8 15,500,000.00 5.77500000 0.00000000 1,000.00000000
A-7 178779BH6 12,250,000.00 6.00000000 0.00000000 1,000.00000000
A-8 178779BJ2 14,250,000.00 6.18333333 0.00000000 1,000.00000000
A-9 178779BK9 20,000,000.00 5.80833350 0.00000000 1,000.00000000
A-IO 178779BL7 209,999,350.24 0.40192215 --- 948.20788185
A-10 178779BM5 25,462,546.00 5.97763947 14.39029759 954.95666803
INTEREST
Interest Month Current Current Interest
Certificate Carryover Interest Interest Interest Carryover
Class Rate Shortfall Accrual Amount Payment Shortfall
A-1 6.700% 0.00 156,729.40 156,729.40 156,729.40 0.00
A-2 6.490% 0.00 170,362.50 170,362.50 170,362.50 0.00
A-3 6.500% 0.00 209,895.83 209,895.83 209,895.83 0.00
A-4 6.630% 0.00 150,556.25 150,556.25 150,556.25 0.00
A-5 6.810% 0.00 70,937.50 70,937.50 70,937.50 0.00
A-6 6.930% 0.00 89,512.50 89,512.50 89,512.50 0.00
A-7 7.200% 0.00 73,500.00 73,500.00 73,500.00 0.00
A-8 7.420% 0.00 88,112.50 88,112.50 88,112.50 0.00
A-9 6.970% 0.00 116,166.67 116,166.67 116,166.67 0.00
A-IO 0.500% 0.00 84,403.39 84,403.39 84,403.39 0.00
Group 1 Total 0.00 1,210,176.54 1,210,176.54 1,210,176.54 0.00
A-10 7.400% 0.00 152,205.92 152,205.92 152,205.92 0.00
PRINCIPAL
Outstanding Class A Current
Beginning Principal Principal Principal Ending Principal
Certificate Carryover Distribution Principal Distribution Certificate Carryover
Class Balance Shortfall Amount Distribution Payment Balance Shortfall
A-1 28,070,936.98 0.00 4,160,105.92 4,160,105.92 4,160,105.92 23,910,831.06 0.00
A-2 31,500,000.00 0.00 0.00 0.00 0.00 31,500,000.00 0.00
A-3 38,750,000.00 0.00 0.00 0.00 0.00 38,750,000.00 0.00
A-4 27,250,000.00 0.00 0.00 0.00 0.00 27,250,000.00 0.00
A-5 12,500,000.00 0.00 0.00 0.00 0.00 12,500,000.00 0.00
A-6 15,500,000.00 0.00 0.00 0.00 0.00 15,500,000.00 0.00
A-7 12,250,000.00 0.00 0.00 0.00 0.00 12,250,000.00 0.00
A-8 14,250,000.00 0.00 0.00 0.00 0.00 14,250,000.00 0.00
A-9 20,000,000.00 0.00 0.00 0.00 0.00 20,000,000.00 0.00
A-IO 202,568,125.10 --- --- --- --- 199,123,039.08 ---
Total 200,070,936.98 0.00 4,160,105.92 4,160,105.92 4,160,105.92 195,910,831.06 0.00
A-10 24,682,041.70 0.00 366,413.61 366,413.61 366,413.61 24,315,628.09 0.00
INTEREST REMITTANCE AMOUNT Group 1 Group 2
Aggregate Loan Balance 202,568,125.10 24,979,918.18
Weighted Average Net Mortgage Rate 11.564805% 11.553594%
Net Interest Due from Loans 1,952,217.39 240,506.53
Non-Supported Interest Shortfall 0.00 0.00
Interest Remittance Amount 1,952,217.39 240,506.53
Capitalized Interest 0.00 ---
Total Interest Available 1,952,217.39 240,506.53
PRINCIPAL REMITTANCE AMOUNT Group 1 Group 2
Scheduled Principal Received 119,368.61 18,688.84
Partial Prepayments Received 139,125.36 722.83
Paid in Full Principal Received 3,186,592.05 266,678.11
Repurchase Principal Received 0.00 0.00
Substitution Shortfall Amount Received 0.00 0.00
Net Recovery Proceeds 0.00 0.00
Termination Proceeds 0.00 0.00
Excess Pre-Funding Account Balance 0.00 ---
Principal Remittance Amount 3,445,086.02 286,089.78
MAKE-WHOLE AMOUNT Group 1 Group 2
Cumulative Net Losses 0.00 0.00
Additional Servicing Compensation 0.00 0.00
Make-Whole Amount 0.00 0.00
Remaining Cumulative Net Losses 0.00 0.00
INSURED DISTRIBUTION AMOUNT Group 1 Group 2
Current Interest Amount 1,210,176.54 152,205.92
Overcollateralization Deficit 0.00 0.00
Insured Distribution Amount 1,210,176.54 152,205.92
Available Funds Shortfall 0.00 0.00
OVERCOLLATERALIZATION AMOUNTS Group 1 Group 2
Overcollateralization Increase Amount 715,019.90 80,323.83
Overcollateralization Amount 3,212,208.02 378,200.31
Overcollateralization Reduction Amount 0.00 0.00
Specified Overcollateralization Deficiency Amount 6,322,784.59 2,248,378.20
CLASS A-9 PRIORITY DISTRIBUTION AMOUNT
Class A-9 Priority Percentage 0.00%
Class A-9 Pro Rata Distribution 415,863.09
Group 1 Principal Distribution Amount 4,160,105.92
Class A-9 Priority Distribution Amount 0.00
DELINQUENCY ADVANCE Group 1 Group 2
Interest Remittance Amount 1,952,217.39 240,506.53
Net Interest Received na na
Closing Date Deposit 0.00 0.00
Delinquency Advance na na
Prior Outstanding Delinquency Advance na na
Delinquent Payments Received na na
Delinquent Net Interest Due na na
Outstanding Delinquency Advance na na
Nonrecoverable Delinquency Advance 0.00 0.00
DISTRIBUTIONS Group 1 Group 2
Interest Remittance Amount 1,952,217.39 240,506.53
Principal Remittance Amount 3,445,086.02 286,089.78
Make-Whole Amount 0.00 0.00
Insured Payment 0.00 0.00
Total Funds Available 5,397,303.41 526,596.31
Certificate Insurer Premium 24,488.85 7,092.06
Trustee Fee 2,532.10 884.71
Available Funds 5,370,282.46 518,619.53
Current Interest 1,210,176.54 152,205.92
Cross Collateralized Payment From Group 1 to 2 0.00 ---
Class A Principal 4,160,105.92 366,413.61
Reimbursement Amount 0.00 0.00
Group 2 Reimbursement Amount (Paid from Group 1) 0.00 ---
Preference Amount 0.00 0.00
Group 2 Overcollateralization Increase Amount From Group 1 0.00 ---
Expenses of Trustee 0.00 0.00
Servicer Indemnity Reimbursement 0.00 0.00
Class R Certificate Distribution 0.00 0.00
COLLATERAL CHARACTERISTICS Group 1 Group 2
Beginning Loan Balance 202,568,125.10 24,979,918.18
Ending Loan Balance 199,123,039.08 24,693,828.40
Beginning WAC 12.0648% 12.0536%
Ending WAC 12.0510% 12.0496%
Beginning WAM 0.00 0.00
Ending WAM 0.00 0.00
Beginning Loan Count 3,133.00 173.00
Ending Loan Count 3,089.00 171.00
Realized Principal Loss 0.00 0.00
Accumulated Realized Principal Loss 0.00 0.00
Balance of Mixed Use Loans 0.00 0.00
Maximum Collateral Amount 209,999,350.24 25,462,546.80
DELINQUENCY INFORMATION
Group 1 Group 1 Group 1 Group 2 Group 2 Group 2
# of Loans Agg Loan Bal Percent # of Loans Agg Loan Bal Percent
30 days 76 4,911,288.33 2.4665% 6 774,741.51 3.1374%
60 days 33 1,989,435.59 0.9991% 1 138,355.02 0.5603%
90+ days* 69 4,761,040.61 2.3910% 4 704,307.57 2.8522%
Foreclosure 64 4,902,079.30 2.4618% 0 0.00 0.0000%
Bankruptcy 11 922,743.15 0.4634% 0 0.00 0.0000%
REO 0 0.00 0.0000% 0 0.00 0.0000%
REO Book Value --- 0.00 0.0000% 0 0.00 0.0000%
*Including Foreclosures