Via EDGAR Transmission
01/23/01
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549-1004
RE: Bombardier Capital Mortgage Securitization Corporation:
BCMSC Trust 2000-A
Ladies and Gentlemen:
On behalf of Bombardier Capital Mortgage Securitization Corporation (The
"Registrant"), we hereby file with the Commission a Current Report on Form 8-K
(The "Report") on behalf of the BCMSC Trust 2000-A and deliver to you herewith
the following documents:
One copy of the Report, including the exhibit being filed
therewith, together with an exhibit index:
Please acknowledge receipt and filing of this letter to
Bombardier Capital Mortgage Securitization Corporation:
1600 Mountain View Drive, Colchester, VT 05446.
Very truly yours,
/s/ Blaine Filthaut
Blaine Filthaut
Bombardier Capital Mortgage Securitization Corporation:
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report ( Date of Earliest Event Reported) February 15, 2001
BOMBARDIER CAPITAL MORTGAGE SECURITIZATION CORPORATION
(Depositor)
(Exact name of registrant as specified in its charter)
on behalf of
BCMSC Trust Series 2000-A
Delaware 333-40113 03-0355080
(State or other jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
1600 Mountain View Drive, Colchester, Vermont 05446
(Address of principal executive offices) (ZIP code)
Registrant's telephone number, including area code: (802) 654-7200
Page 1 of 9
Exhibit Index Appears on Page 4
Item 5. Other Event
Information concerning interest and principal distributions made on the
Certificates Certificates) of the BCMSC Trust Series 2000-Aon February 15,2001is
contained in the Distribution Date Statement provided to each holder of the
Certificates. Such Distribution Date Statement is attached hereto as Exhibit
99.1 and is incorporated herein by reference.
Item 7. Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits:
99.1. Distribution Date Statement relating to interest and principal
distributions made on February 15, 2001on the Series 2000-A Certificates
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized on the date indicated.
BOMBARDIER CAPITAL MORTGAGE SECURITIZATION CORPORATION
BY: /s/ Blaine Filthaut
Blaine Filthaut
Title: Treasurer
Dated: February 27, 2001
I. INPUTS
A. ORIGINAL DEAL PARAMETERS
(A) Initial Pool Principal Balance $416,788,877.53
(B) Initial Certificates Principal Balance $401,190,000.00
(C) Class A-1 Certificates
(i) Initial Certificate Percentage 20.39%
(ii) Initial Certificate Principal Balance $85,000,000.00
(iii) Pass-Through Rate 6.04250%
(D) Class A-2 Certificates
(i) Initial Certificate Percentage 18.23%
(ii) Initial Certificate Principal Balance $76,000,000.00
(iii) Pass-Through Rate 7.575%
(E) Class A-3 Certificates
(i) Initial Certificate Percentage 12.00%
(ii) Initial Certificate Principal Balance $50,000,000.00
(iii) Pass-Through Rate 7.830%
(F) Class A-4 Certificates
(i) Initial Certificate Percentage 17.88%
(ii) Initial Certificate Principal Balance $74,531,000.00
(iii) Pass-Through Rate 8.290%
(G) Class A-5 Certificates
(i) Initial Certificate Percentage 6.00%
(ii) Initial Certificate Principal Balance $25,000,000.00
(iii) Pass-Through Rate 8.320%
(H) Class M-1 Certificates
(i) Initial Certificate Percentage 7.00%
(ii) Initial Certificate Principal Balance $29,178,000.00
(iii) Pass-Through Rate 8.514%
(I) Class M-2 Certificates
(i) Initial Certificate Percentage 5.00%
(ii) Initial Certificate Principal Balance $20,841,000.00
(iii) Pass-Through Rate 9.000%
(J) Class B-1 Certificates
(i) Initial Certificate Percentage 4.50%
(ii) Initial Certificate Principal Balance $18,757,000.00
(iii) Pass-Through Rate 9.000%
(K) Class B-2 Certificates
(i) Initial Certificate Percentage 5.25%
(ii) Initial Certificate Principal Balance $21,883,000.00
(iii) Pass-Through Rate 9.000%
(L) Servicing Fee Rate 1.00%
(M) Weighted Average Coupon (WAC) 10.90%
(N) Weighted Average Original Maturity (WAOM) 325.00 months
(O) Weighted Average Remaining Maturity (WAM) 323.00 months
(P) Number of Receivables 9,828
(Q) Credit Enhancement
(i) Reserve Fund Initial Deposit Percentage 0.00%
(ii) Target Overcollateralization Percentage Prior to Crossover Date 5.25%
(iii) Target Overcollateralization Percentage After Crossover Date 9.1875%
(iv) Target Overcollateralization Floor 1.25%
(v) Reserve Fund Target % 0.00%
(vi) Target Credit Enhancement % Prior to Crossover Date 5.25%
(vii) Target Credit Enhancement % After Crossover Date 9.1875%
(viii) Target Credit Enhancement Floor 1.25%
(ix) Target Credit Enhancement Amount $21,881,416.07
(R) Crossover Date Test
(i) Earliest Crossover Date Feb-2005
(ii) Percentage (as Percent of Initial Class Subordination Percentage) 186%
(S) Class B-2 Floor Percentage (of Initial Pool Balance) 0.75%
B. INPUTS FROM PREVIOUS MONTHLY SERVICER REPORTS
(A) Pool Principal Balance $401,770,972.72
(B) Total Certificate Principal Balance $379,889,556.65
(C) Class A-1 Certificates
(i) Principal Balance $63,699,556.65
(ii) Pool Factor 0.7494065
(iii) Unpaid Certificate Principal Shortfall $0.00
(iv) Unpaid Interest Shortfall $0.00
(D) Class A-2 Certificates
(i) Principal Balance $76,000,000.00
(ii) Pool Factor 1.0000000
(iii) Unpaid Certificate Principal Shortfall $0.00
(iv) Unpaid Interest Shortfall $0.00
(E) Class A-3 Certificates
(i) Principal Balance $50,000,000.00
(ii) Pool Factor 1.0000000
(iii) Unpaid Certificate Principal Shortfall $0.00
(iv) Unpaid Interest Shortfall $0.00
(F) Class A-4 Certificates
(i) Principal Balance $74,531,000.00
(ii) Pool Factor 1.0000000
(iii) Unpaid Certificate Principal Shortfall $0.00
(iv) Unpaid Interest Shortfall $0.00
(G) Class A-5 Certificates
(i) Principal Balance $25,000,000.00
(ii) Pool Factor 1.0000000
(iii) Unpaid Certificate Principal Shortfall $0.00
(iv) Unpaid Interest Shortfall $0.00
(H) Class M-1 Certificates
(i) Principal Balance $29,178,000.00
(ii) Pool Factor 1.1671200
(iii) Unpaid Certificate Principal Shortfall $0.00
(iv) Unpaid Interest Shortfall $0.00
(I) Class M-2 Certificates
(i) Principal Balance $20,841,000.00
(ii) Pool Factor 1.0000000
(iii) Adjusted Certificate Principal Balance $20,841,000.00
(iv) Liquidation Loss Amount $0.00
(v) Unpaid Certificate Principal Shortfall $0.00
(vi) Unpaid Interest Shortfall $0.00
(vii) Unpaid Liquidation Loss Interest Shortfall $0.00
(J) Class B-1 Certificates
(i) Principal Balance $18,757,000.00
(ii) Pool Factor 1.0000000
(iii) Adjusted Certificate Principal Balance $18,757,000.00
(iv) Liquidation Loss Amount $0.00
(v) Unpaid Certificate Principal Shortfall $0.00
(vi) Unpaid Interest Shortfall $0.00
(vii) Unpaid Liquidation Loss Interest Shortfall $0.00
(K) Class B-2 Certificates
(i) Principal Balance $21,883,000.00
(ii) Pool Factor 1.0000000
(iii) Adjusted Certificate Principal Balance $21,883,000.00
(iv) Liquidation Loss Amount $0.00
(v) Unpaid Certificate Principal Shortfall $0.00
(vi) Unpaid Interest Shortfall $0.00
(vii) Unpaid Liquidation Loss Interest Shortfall $0.00
(L) Reserve Fund Balance $0.00
(M) Current Overcollateralization Amount $21,881,416.07
(N) Cumulative Realized Losses $2,207,687.21
(O) Current Realized Loss Ratio for Preceding Period 1.36%
(P) Sixty Day Delinquency Ratio for Preceding Period 17.22%
(Q) Sixty Day Delinquency Ratio for Second Preceding Period 15.11%
(E) Thirty Day Delinquency Ratio for Preceding Period 26.45%
(S) Thirty Day Delinquency Ratio for Second Preceding Period 23.53%
(T) Prior Month Weighted Average Coupon (WAC) 10.88%
(U) Prior Month Weighted Average Remaining Maturity (WAM) 312.25 months
V Prior Month Number of Receivables 9,540
W Early Principal Collections 15,014.16
X Early Interest Collections 153,272.77
C. INPUTS FROM THE MAINFRAME
(A) Principal
(i) Scheduled Principal Collections $256,025.11
(ii) Full and Partial Principal Prepayments $745,395.06
(iii) Early Principal Collections $9,591.64
(iv) Repurchased Loan Proceeds Attributable to Principal $0.00
(v) Other Principal Amounts $0.00
(B) Interest
(i) Scheduled Interest Collections $3,207,747.70
(ii) Early Interest Collections $128,084.05
(iii) Repurchased Loan Proceeds Attributable to Interest $0.00
(C) Ending Pool Balance $399,825,062.65
(D) Weighted Average Coupon (WAC) 10.88%
(E) Weighted Average Remaining Maturity (WAM) 311.28 months
(F) Number of Receivables Outstanding 9,501
Percent of Percent of
(G) Delinquent Receivables at End of Due Period : Principal Balance Pool Balance Units Total Units
----------------- ------------ ----- -----------
(i) 30-59 Days Delinquent 33,624,275 8.41% 794 8.36%
(ii) 60-89 Days Delinquent 18,935,173 4.74% 455 4.79%
(iii) 90 Days or More Delinquent 45,468,384 11.37% 1,112 11.70%
(iv) Homes Repossessed or Foreclosed Upon 9,856,995 2.47% 232 2.44%
* Bankrupcty included in above Delinquency: 160 7,031,162
Number of Extensions and Rewrites granted during period: 179
* These numbers are already included in the Delinquency numbers and are provided
for reference purposes only.
D. INPUTS DERIVED FROM OTHER SOURCES
(A) Reserve Fund Investment Income $0.00
(E) Certificate Account Investment Income $10,111.28
(F) Liquidated Contracts
(i) Liquidation Proceeds Attributable to Principal $439,792.50
(ii) Liquidation Proceeds Attributable to Interest $66,642.43
(iii) Principal Loss on Liquidation of Repossessions $463,680.28
(iv) Net Liquidation Losses (Realized Losses) $550,181.83
(v) Recoveries on Previously Liquidated Contracts $0.00
(G) Repurchased Contracts
(i) Number of Contracts 0
(ii) Repurchase Price of Contracts $0.00
(H) Early Principal Payments Applied to Current Period $11,117.07
(I) Early Interest Payments Applied to Current Period $89,015.73
(J) Early Principal Payments Applied to Future Period $13,488.73
(K) Early Interest Payments Applied to Future Period $192,341.09
(L) Servicer Advances: Principal $718,608.30
(M) Servicer Advances: Interest $7,548,361.82
(N) Reimbursement of Prior Advances - Principal $688,708.25
(O) Reimbursement of Prior Advances - Interest $7,062,685.72
(P) Net Servicer Advance (Reimbursement) for the Month - Principal $29,900.05
(Q) Net Servicer Advance (Reimbursement) for the Month - Interest $485,676.10
(R) Net Servicer Advance (Reimbursement) for the Month - Total $515,576.15
(S) Reimbursement of Liquidation Expenses on Previously Liquidated Contracts $0.00
(T) Reimbursements to Servicer for Liquidation Expense $86,501.55
(U) Late Payment Fees, Extension Fees and Other Permitted Fees
(V) Aggregate Repossession Profits $0.00
(W) Other Permitted Withdrawals from Certificate Account $0.00
(X) Current Realized Loss Ratio 1.53%
(Y) Current Distribution Date 2/15/01
II. CLASS B PRINCIPAL DISTRIBUTION TESTS
Test Ratio Actual Ratio Result
(A) Average Sixty-Day Delinquency Ratio (over three periods) 5.50% 16.97% Fail
(B) Average Thirty-Day Delinquency Ratio (over three periods) 8.50% 25.65% Fail
(C) Cumulative Realized Loss Ratio 7.00% 0.66% Pass
(D) Current Realized Loss Ratio 3.00% 1.53% Pass
III. COLLECTION CALCULATIONS
Interest:
(A) Interest Collections $3,296,763.43
(B) Servicer Advances - Net $485,676.10
(C) Liquidation Proceeds Attributable to Interest $66,642.43
(D) Repurchased Loan Proceeds Attributable to Interest $0.00
(E) Recoveries on Previously Liquidated Contracts $0.00
---------------------
(G) Total Interest Collections (A+B+C+D+E+F) $3,849,081.96
Principal:
(H) Principal Payments Received (scheduled and unscheduled) $1,012,537.24
(I) Servicer Advances - Net of Liquidation Losses $29,900.05
(J) Liquidation Proceeds Related to Principal $439,792.50
(K) Repurchased Loan Proceeds Related to Principal $0.00
(L) Other Principal Amounts $0.00
---------------------
(M) Total Principal Collections (H+I+J+K) $1,482,229.79
IV. DISTRIBUTION CALCULATIONS
(A) Total Cash Collections $5,331,311.75
(B) Monthly Servicing Fee $334,809.14
(C) Aggregate Repossession Profits $0.00
(E) Reimbursements to Servicer for Liquidation Expense $86,501.55
(F) Late Payment Fees, Extension Fees and Other Permitted Fees
(G) Other Permitted Withdrawals from Certificate Account $0.00
(H) Reserve Fund Draw $0.00
---------------------
(I) Available Distribution Amount (A-B-C-D-E-F-G+H) $4,910,001.06
(J) Total Principal Collections and Advances $1,482,229.79
(K) Principal Loss on Liquidation of Repossessions $463,680.28
(L) Overcollaterallization Addition Amount $0.00
(M) Overcollaterallization Reduction Amount $0.00
---------------------
(N) Formula Principal Distribution Amount $1,945,910.07
(M) Interest Accrual Period 30 days
(N) Total Class A Certificates Monthly Interest Due $1,814,972.13
(O) Total Class A Certificates Monthly Interest Paid $1,814,972.13
(P) Total Monthly Interest Due $2,483,097.54
(Q) Total Monthly Interest Paid $2,483,097.54
(R) Excess Interest or (Interest Shortfall) $1,365,984.42
(S) Class A/M Percentage 82.72129%
(T) Class B Percentage 17.27871%
(U) Has the Cross-Over Date Occurred? No
(V) Have the Principal Distribution Tests Been Satisfied? No
(W) Has a Dificiency Event Occurred? No
(X) Should Principal Be Distributed to the Subordinated Certificates? No
(Y) Class B-2 Floor Amount (prior to giving effect to distributions of principal) $3,125,916.58
(Z) Class A/M Certificates Formula Principal Distribution Amount $1,945,910.07
(AA) Class A Certificates Formula Principal Distribution Amount $1,945,910.07
(BB) Class M Certificates Formula Principal Distribution Amount $0.00
(CC) Total Class A Unpaid Certificate Principal Shortfall Due $0.00
(DD) Total Class A Unpaid Certificate Principal Shortfall Paid $0.00
(EE) Total Unpaid Certificate Principal Shortfall Due $0.00
(FF) Total Unpaid Certificate Principal Shortfall Paid $0.00
(GG) Total Class A Certificates Monthly Principal Due $1,945,910.07
(HH) Total Class A Certificates Monthly Principal Paid $1,945,910.07
(II) Total Monthly Principal Due $1,945,910.07
(JJ) Total Monthly Principal Paid $1,945,910.07
V. DISTRIBUTIONS
(A) Class A-1 Certifcates Monthly Interest & Interest Shortfall # Days in Interest Period
(i) Interest Due 30 $320,753.81
(ii) Interest Paid $320,753.81
(iii) Interest Shortfall $0.00
(B) Class A-2 Certifcates Monthly Interest & Interest Shortfall
(i) Interest Due $479,750.00
(ii) Interest Paid $479,750.00
(iii) Interest Shortfall $0.00
(C) Class A-3 Certifcates Monthly Interest & Interest Shortfall
(i) Interest Due $326,250.00
(ii) Interest Paid $326,250.00
(iii) Interest Shortfall $0.00
(D) Class A-4 Certifcates Monthly Interest & Interest Shortfall
(i) Interest Due $514,884.99
(ii) Interest Paid $514,884.99
(iii) Interest Shortfall $0.00
(E) Class A-5 Certifcates Monthly Interest & Interest Shortfall
(i) Interest Due $173,333.33
(ii) Interest Paid $173,333.33
(iii) Interest Shortfall $0.00
(F) Class M-1 Certifcates Monthly Interest & Interest Shortfall
(i) Interest Due $207,017.91
(ii) Interest Paid $207,017.91
(iii) Interest Shortfall $0.00
(G) Class M-2 Certifcates Monthly Interest & Interest Shortfall
(i) Interest Due $156,307.50
(ii) Interest Paid (after reserve account draw, if any) 156,307.50
---------------------
(iii) Interest Shortfall $0.00
(H) Class B-1 Certifcates Monthly Interest & Interest Shortfall
(i) Interest Due $140,677.50
(ii) Interest Paid (after reserve account draw, if any) 140,677.50
---------------------
(iii) Interest Shortfall $0.00
(I) Class B-2 Certifcates Monthly Interest & Interest Shortfall
(i) Interest Due $164,122.50
(ii) Interest Paid (after reserve account draw, if any) 164,122.50
---------------------
(iii) Interest Shortfall $0.00
(J) Class A-1 Unpaid Certficate Principal Shortfall
(i) Shortfall Due $0.00
(ii) Shortfall Paid $0.00
---------------------
(iii) Shortfall Outstanding $0.00
(K) Class A-2 Unpaid Certficate Principal Shortfall
(i) Shortfall Due $0.00
(ii) Shortfall Paid $0.00
---------------------
(iii) Shortfall Outstanding $0.00
(L) Class A-3 Unpaid Certficate Principal Shortfall
(i) Shortfall Due $0.00
(ii) Shortfall Paid $0.00
---------------------
(iii) Shortfall Outstanding $0.00
(M) Class A-4 Unpaid Certficate Principal Shortfall
(i) Shortfall Due $0.00
(ii) Shortfall Paid $0.00
---------------------
(iii) Shortfall Outstanding $0.00
(N) Class A-5 Unpaid Certficate Principal Shortfall
(i) Shortfall Due $0.00
(ii) Shortfall Paid $0.00
---------------------
(iii) Shortfall Outstanding $0.00
(O) Class A-1 Certificates Monthly Principal
(i) Formula Principal Distribution Amount $1,945,910.07
(iii) Certificate Principal Paid $1,945,910.07
---------------------
(iv) Certificate Principal Shortfall $0.00
(P) Class A-2 Certificates Monthly Principal
(i) Formula Principal Distribution Amount $0.00
(iii) Certificate Principal Paid $0.00
---------------------
(iv) Certificate Principal Shortfall $0.00
(Q) Class A-3 Certificates Monthly Principal
(i) Formula Principal Distribution Amount $0.00
(iii) Certificate Principal Paid $0.00
---------------------
(iv) Certificate Principal Shortfall $0.00
(R) Class A-4 Certificates Monthly Principal
(i) Formula Principal Distribution Amount $0.00
(iii) Certificate Principal Paid $0.00
---------------------
(iv) Certificate Principal Shortfall $0.00
(S) Class A-5 Certificates Monthly Principal
(i) Formula Principal Distribution Amount $0.00
(iii) Certificate Principal Paid $0.00
---------------------
(iv) Certificate Principal Shortfall $0.00
(T) Class M-1 Certificates Monthly Principal
(i) Formula Principal Distribution Amount $0.00
(iii) Certificate Principal Paid $0.00
---------------------
(iv) Certificate Principal Shortfall $0.00
(U) Class M Unpaid Certficate Principal Shortfall
(i) Shortfall Due $0.00
(ii) Shortfall Paid $0.00
---------------------
(iii) Shortfall Outstanding $0.00
(V) Class M-2 Certificates Monthly Principal
(i) Formula Principal Distribution Amount $0.00
(ii) Certificate Principal Paid $0.00
---------------------
(iii) Certificate Principal Shortfall $0.00
(W) Class M Liquidation Loss Interest Amount & Unpaid Liquidation Loss Interest Shortfall
(i) Interest Due $0.00
(ii) Interest Paid (after reserve account draw, if any) 0.00
---------------------
(iii) Interest Shortfall $0.00
(X) Class B-1 Unpaid Certficate Principal Shortfall
(i) Shortfall Due $0.00
(ii) Shortfall Paid $0.00
---------------------
(iii) Shortfall Outstanding $0.00
(Y) Class B-1 Certificates Monthly Principal
(i) Formula Principal Distribution Amount $0.00
(ii) Certificate Principal Paid $0.00
---------------------
(iii) Certificate Principal Shortfall $0.00
(Z) Class B-1 Liquidation Loss Interest Amount & Unpaid Liquidation Loss Interest Shortfall
(i) Interest Due $0.00
(ii) Interest Paid (after reserve account draw, if any) 0.00
---------------------
(iii) Interest Shortfall $0.00
(AA) Class B-2 Unpaid Certficate Principal Shortfall
(i) Shortfall Due $0.00
(ii) Shortfall Paid $0.00
---------------------
(iii) Shortfall Outstanding $0.00
(BB) Class B-2 Certificates Monthly Principal
(i) Formula Principal Distribution Amount $0.00
(ii) Certificate Principal Paid $0.00
---------------------
(iii) Certificate Principal Shortfall $0.00
(CC)) Class B-2 Liquidation Loss Interest Amount & Unpaid Liquidation Loss Interest Shortfall
(i) Interest Due $0.00
(ii) Interest Paid (after reserve account draw, if any) 0.00
---------------------
(iii) Interest Shortfall $0.00
(DD) Class X Strip Amount $957,585.94
(EE) Accelerated Principal Distribution - A1 $0.00
(FF) Accelerated Principal Distribution - A2 $0.00
(GG) Accelerated Principal Distribution - A3 $0.00
(HH) Accelerated Principal Distribution - A4 $0.00
(II) Accelerated Principal Distribution - A5 $0.00
(JJ) Reserve Fund Deposit Amount $0.00
(KK) Release to Class X Certificates $480,993.45
VI. RECONCILIATION OF RESERVE FUND
(A) Beginning Cash Reserve Fund Balance $0.00
(B) Reserve Fund Draw for Distributions $0.00
(C) Excess Interest Deposit to Reserve Fund $0.00
(D) Reserve Fund Balance Prior to Release $0.00
(E) Specified Reserve Fund Balance $0.00
(F) Reserve Fund Release $0.00
(G) Ending Reserve Fund Balance $0.00
X. MONTHLY REPORT Per $1,000
- ------------------
Denomination
---------------------
(A) Total Distribution Amount
(i) Class A-1 Certificates $2,266,663.88 $26.67
(ii) Class A-2 Certificates $479,750.00 $6.31
(iii) Class A-3 Certificates $326,250.00 $6.53
(iv) Class A-4 Certificates $514,884.99 $6.91
(v) Class A-5 Certificates $173,333.33 $6.93
(vi) Class M-1 Certificates $207,017.91 $9.93
(vii) Class M-2 Certificates $156,307.50 $7.50
(viii) Class B-1 Certificates $140,677.50 $7.50
(ix) Class B-2 Certificates $164,122.50 $7.50
(x) Class X Certificates $480,993.45
(B) Formula Principal Distribution Amount Paid
(i) Class A-1 Certificates $1,945,910.07 $22.89
(ii) Class A-2 Certificates $0.00 $0.00
(iii) Class A-3 Certificates $0.00 $0.00
(iv) Class A-4 Certificates $0.00 $0.00
(v) Class A-4 Certificates $0.00
(vi) Class M-1 Certificates $0.00 $0.00
(vii) Class M-2 Certificates $0.00 $0.00
(viii) Class B-1 Certificates $0.00 $0.00
(ix) Class B-2 Certificates $0.00 $0.00
(C) Unpaid Certificate Principal Shortfall Paid
(i) Class A-1 Certificates $0.00 $0.00
(ii) Class A-2 Certificates $0.00 $0.00
(iii) Class A-3 Certificates $0.00 $0.00
(iv) Class A-4 Certificates $0.00 $0.00
(v) Class A-5 Certificates $0.00
(vi) Class M-1 Certificates $0.00 $0.00
(vii) Class M-2 Certificates $0.00 $0.00
(viii) Class B-1 Certificates $0.00 $0.00
(ix) Class B-2 Certificates $0.00 $0.00
(D) Unpaid Certificate Principal Shortfall Remaining (after giving effect to distributions)
(i) Class A-1 Certificates $0.00 $0.00
(ii) Class A-2 Certificates $0.00 $0.00
(iii) Class A-3 Certificates $0.00 $0.00
(iv) Class A-4 Certificates $0.00 $0.00
(v) Class A-5 Certificates $0.00
(vi) Class M-1 Certificates $0.00 $0.00
(vii) Class M-2 Certificates $0.00 $0.00
(viii) Class B-1 Certificates $0.00 $0.00
(ix) Class B-2 Certificates $0.00 $0.00
(E) Liquidation Write-Downs (after giving effect to distributions)
(i) Class M Certificates $0.00 $0.00
(ii) Class B-1 Certificates $0.00 $0.00
(iii) Class B-2 Certificates $0.00 $0.00
(F) Monthly Interest & Interest Shortfall Paid
(i) Class A-1 Certificates $320,753.81 $3.77
(ii) Class A-2 Certificates $479,750.00 $6.31
(iii) Class A-3 Certificates $326,250.00 $6.53
(iv) Class A-4 Certificates $514,884.99 $6.91
(v) Class A-5 Certificates $207,017.91
(vi) Class M-1 Certificates $207,017.91 $8.28
(vii) Class M-2 Certificates $156,307.50 $7.50
(viii) Class B-1 Certificates $140,677.50 $7.50
(ix) Class B-2 Certificates $164,122.50 $7.50
Per $1,000
Denomination
---------------------
(G) Liquidation Loss Interest & Interest Shortfall Paid
(i) Class M Certificates $0.00 $0.00
(ii) Class B-1 Certificates $0.00 $0.00
(iii) Class B-2 Certificates $0.00 $0.00
(H) Liquidation Loss Interest Shortfall Remaining (after giving effect to distributions)
(i) Class M Certificates $0.00 $0.00
(ii) Class B-1 Certificates $0.00 $0.00
(iii) Class B-2 Certificates $0.00 $0.00
(I) Certificate Principal Balances (after giving effect to distributions)
(i) Class A-1 Certificates $61,753,646.58 $726.51
(ii) Class A-2 Certificates $76,000,000.00 $1,000.00
(iii) Class A-3 Certificates $50,000,000.00 $1,000.00
(iv) Class A-4 Certificates $74,531,000.00 $1,000.00
(v) Class A-5 Certificates $25,000,000.00 $1,000.00
(vi) Class M-1 Certificates $29,178,000.00 $1,000.00
(vii) Class M-2 Certificates $20,841,000.00 $1,000.00
(viii) Class B-1 Certificates $18,757,000.00 $1,000.00
(ix) Class B-2 Certificates $21,883,000.00 $1,000.00
(J) Adjusted Certificate Principal Balances (after giving effect to distributions)
(i) Class M Certificates $50,019,000.00 $1,000.00
(ii) Class B-1 Certificates $18,757,000.00 $1,000.00
(iii) Class B-2 Certificates $21,883,000.00 $1,000.00
(K) Pass-Through Rates
(i) Class A-1 Certificates 6.04%
(ii) Class A-2 Certificates 7.58%
(iii) Class A-3 Certificates 7.83%
(iv) Class A-4 Certificates 8.29%
(v) Class A-5 Certificates 8.32%
(vi) Class M-1 Certificates 8.51%
(vii) Class M-2 Certificates 9.00%
(viii) Class B-1 Certificates 9.00%
(ix) Class B-2 Certificates 9.00%
Beginning of Period End of Period
--------------------- ---------------------
(L) Certificate Balances and Factors
(i) Aggregate Balance of Certificates $379,889,556.65 $377,943,646.58
(ii) Total Certificate Pool Factor 0.9469068 0.9420565
(iii) Class A-1 Certificates Balance $63,699,556.65 $61,753,646.58
(iv) Class A-1 Certificates Pool Factor 0.7494065 0.7265135
(v) Class A-2 Certificates Balance $76,000,000.00 $76,000,000.00
(vi) Class A-2 Certificates Pool Factor 1.0000000 1.0000000
(vii) Class A-3 Certificates Balance $50,000,000.00 $50,000,000.00
(viii) Class A-3 Certificates Pool Factor 1.0000000 1.0000000
(ix) Class A-4 Certificates Balance $74,531,000.00 $74,531,000.00
(x) Class A-4 Certificates Pool Factor 1.0000000 1.0000000
(xi) Class A-5 Certificates Balance $25,000,000.00 $25,000,000.00
(xii) Class A-5 Certificates Pool Factor 1.0000000 1.0000000
(xiii) Class M-1 Certificates Balance $29,178,000.00 $29,178,000.00
(xiv) Class M-1 Certificates Pool Factor 1.1671200 1.1671200
(xv) Class M-1 Certificates Balance $20,841,000.00 $20,841,000.00
(xvi) Class M-1 Certificates Pool Factor 1.0000000 1.0000000
(xvii) Class B-1 Certificates Balance $18,757,000.00 $18,757,000.00
(xviii) Class B-1 Certificates Pool Factor 1.0000000 1.0000000
(xix) Class B-2 Certificates Balance $21,883,000.00 $21,883,000.00
(xx) Class B-2 Certificates Pool Factor 1.0000000 1.0000000
(M) Portfolio Information
(i) Pool Principal Balance $401,770,972.72 $399,825,062.65
(ii) Pool Factor 0.9639676 0.95929878
(iii) Weighted Average Coupon (WAC) 10.88% 10.88%
(iv) Weighted Average Remaining Maturity (WAM) 312.25 months 311.28months
(v) Remaining Number of Receivables 9,540 9,501
(N) Credit Enhancement
(i) O/C Beginning Balance $21,881,416.07
(ii) O/C Additions $0.00
(iii) O/C Reductions $0.00
(iv) O/C Ending Balance $21,881,416.07
(O) Reserve Fund
(i) Beginning Balance $0.00
(ii) Additions
(iii) Reductions
(iv) Ending Balance $0.00
(P) Fee Payments
(i) Monthly Servicing Fee $334,809.14
(ii) Reimbursements to Depositor (PSA 8.06) $86,501.55
(iii) Late Payment Fees, Extension Fees and other Permitted Fees (PSA 5.13)
(Q) Repurchased Contracts
(i) Number of Contracts 0
(ii) Repurchase Price of Contracts $0.00
Percent of Number Percent of
(R) Delinquent Contracts Principal Balance Pool Balance of Units Total Units
----------------- ------------ -------- -----------
(i) 30-59 Days Delinquent $33,624,274.80 8.41% 794 8.36%
(ii) 60-89 Days Delinquent $18,935,172.59 4.74% 455 4.79%
(iii) 90 Days or More Delinquent $45,468,384.14 11.37% 1,112 11.70%
(iv) Homes Repossessed or Foreclosed Upon $9,856,994.59 2.47% 232 2.44%