UNITED STATES
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) : September 25, 2002
CHEC FUNDING LLC, (as depositor under the Pooling and Servicing Agreement,
dated August 1, 2002 providing for the issuance of Centex Home Equity Loan Trust
2002-C.
CHEC FUNDING LLC
(Exact name of registrant as specified in its charter)
Delaware 333-69800-03 76-2851805
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
2728 North Harwood
Dallas, Texas 75201
(Address pof principal executive offices) (Zip Code)
Registrant's telephone number, including area code : (214) 981-6811
N/A
(Former name or former address, if changed since last report.)
<page>
Item 5. Other Events.
This report and the attached exhibit is being filed pursuant to "no-action"
positions taken by the Securities and Exchange Commission with respect to
alternative means of satisfying the Registrant's reporting obligations under the
Securities Exchange Act of 1934, as amended, with respect to the Registrant's
Centex Home Equity Loan Trust 2002-C (the "Certificates").
The Certificates were issued, and this report and exhibit is being filed,
pursuant to the terms of the Pooling and Servicing Agreement, dated as of March
1, 2002 ( the "Agreement"), among CHEC Funding, LLC, as Depositor, Centex Home
Equity Company, LLC, as Seller, Harwood Street Funding II LLC, as Conduit
Seller, Centex Home Equity Company, LLC, as Servicer, and JPMorgan Chase Bank,
as Trustee. On September 25, 2002 and October 25, 2002 distributions were made
to the Certificateholders. Specific information with respect to these
distributions is filed as Exhibits 99.1 and 99.2. No other reportable
transactions or matters have occurred during the current reporting period.
Item 7. Financial Statements and Exhibits.
(a) Not applicable
(b) Not applicable
(c) The following exhibit is filed as part of this report:
Statement to Certificateholders on September 25, 2002
as Exhibit 99.1.
Statement to Certificateholders on October 25, 2002
as Exhibit 99.2.
-2-
<page>
CHEC FUNDING LLC
Centex Home Equity Loan Trust 2002-C
- -------------------------------------------------------------------------------
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 hereunto duly authorized.
JPMorgan Chase Bank,
not in its individual capacity but solely
as Trustee under the
Agreement referred to herein
Date: October 29, 2002 By: /s/ Mark W. McDermott
--------------------------------------------
Mark W. McDermott
Assistant Vice President
-3-
<page>
INDEX TO EXHIBITS
Exhibit
Number Description of Exhibits
99.1 Statement to Certificateholders
September 25, 2002
99.2 Statement to Certificateholders
October 25, 2002
-4-
Exhibit 99.1
Statement to Certificateholders
September 25, 2002
-5-
<page>
<table>
Centex Home Equity Loan Trust 2002-C
STATEMENT TO CERTIFICATEHOLDERS
September 25, 2002
<s> <c> <c>
- -----------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION IN DOLLARS
- -----------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING ENDING
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE
- ----------------------------------------------------------------------------------------------------------------------------------
AF_1 69,000,000.00 69,000,000.00 1,236,562.53 137,425.00 1,373,987.53 0.00 0.00 67,763,437.47
AF_2 18,000,000.00 18,000,000.00 0.00 43,050.00 43,050.00 0.00 0.00 18,000,000.00
AF_3 40,000,000.00 40,000,000.00 0.00 118,666.67 118,666.67 0.00 0.00 40,000,000.00
AF_4 60,800,000.00 60,800,000.00 0.00 226,986.67 226,986.67 0.00 0.00 60,800,000.00
AF_5 5,800,000.00 5,800,000.00 0.00 23,731.67 23,731.67 0.00 0.00 5,800,000.00
AF_6 21,000,000.00 21,000,000.00 0.00 78,750.00 78,750.00 0.00 0.00 21,000,000.00
AV 263,900,000.00 263,900,000.00 3,234,834.21 640,397.33 3,875,231.54 0.00 0.00 260,665,165.79
M_1 42,050,000.00 42,050,000.00 0.00 119,211.75 119,211.75 0.00 0.00 42,050,000.00
M_2 26,100,000.00 26,100,000.00 0.00 89,218.50 89,218.50 0.00 0.00 26,100,000.00
B_1 26,100,000.00 26,100,000.00 0.00 112,056.00 112,056.00 0.00 0.00 26,100,000.00
B_2 7,250,000.00 7,250,000.00 0.00 33,241.25 33,241.25 0.00 0.00 7,250,000.00
R_1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTALS 580,000,000.00 580,000,000.00 4,471,396.74 1,622,734.84 6,094,131.58 0.00 0.00 575,528,603.26
AIO_I 90,000,000.00 90,000,000.00 0.00 450,000.00 450,000.00 0.00 0.00 90,000,000.00
AIO_II 120,000,000.00 120,000,000.00 0.00 600,000.00 600,000.00 0.00 0.00 120,000,000.00
X_IO 7,243.94 7,243.94 0.00 1,792,219.89 1,792,219.89 0.00 0.00 7,243.94
- ---------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------- ------------------------
FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE PASS-THROUGH RATES
- --------------------------------------------------------------------------------------------------------- ------------------------
CURRENT
BEGINNING ENDING PASS-THRU
CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL CLASS RATE
- --------------------------------------------------------------------------------------------------------- ------------------------
AF_1 152314FJ4 1,000.00000000 17.92119609 1.99166667 19.91286275 982.07880391 AF_1 2.390000 %
AF_2 152314FK1 1,000.00000000 0.00000000 2.39166667 2.39166667 1,000.00000000 AF_2 2.870000 %
AF_3 152314FL9 1,000.00000000 0.00000000 2.96666675 2.96666675 1,000.00000000 AF_3 3.560000 %
AF_4 152314FM7 1,000.00000000 0.00000000 3.73333339 3.73333339 1,000.00000000 AF_4 4.480000 %
AF_5 152314FN5 1,000.00000000 0.00000000 4.09166724 4.09166724 1,000.00000000 AF_5 4.910000 %
AF_6 152314FP0 1,000.00000000 0.00000000 3.75000000 3.75000000 1,000.00000000 AF_6 4.500000 %
AV 152314 FR6 1,000.00000000 12.25780299 2.42666665 14.68446965 987.74219701 AV 2.080000 %
M_1 152314 FS4 1,000.00000000 0.00000000 2.83500000 2.83500000 1,000.00000000 M_1 2.430000 %
M_2 152314 FT2 1,000.00000000 0.00000000 3.41833333 3.41833333 1,000.00000000 M_2 2.930000 %
B_1 152314 FU9 1,000.00000000 0.00000000 4.29333333 4.29333333 1,000.00000000 B_1 3.680000 %
B_2 152314 FV7 1,000.00000000 0.00000000 4.58500000 4.58500000 1,000.00000000 B_2 3.930000 %
TOTALS 1,000.00000000 7.70930472 2.79781869 10.50712341 992.29069528
AIO_I N/A 1,000.00000000 0.00000000 5.00000000 5.00000000 1,000.00000000 AIO_I 6.000000 %
AIO_II N/A 1,000.00000000 0.00000000 5.00000000 5.00000000 1,000.00000000 AIO_II 6.000000 %
X_IO N/A 1,000.00000000 0.00000000 #### #### 1,000.00000000 X_IO 0.000000 %
- -------------------------------------------------------------------------------------------------------- ------------------------
If there are any questions or problems with this statement, please contact the Administrator listed below:
---------------------------------------
Sora Jun
JPMorgan Chase Bank - Structured Finance Services
450 W. 33rd Street, 8th Floor,
New York, New York 10001
Tel: (212) 946-3669
Fax: (212) 946-3916
Email: Sora.jun@chase.com
---------------------------------------
Copyright 2001 J.P. Morgan Chase & Co. All rights reserved.
-6-
<page>
Centex Home Equity Loan Trust 2002-C
STATEMENT TO CERTIFICATEHOLDERS
September 25, 2002
--------------------------
Sec. 7.09(ii) Distributions Allocable to Principal
Group I
Scheduled Monthly Payments 232,330.92
Curtailments 41,139.45
Prepayments in Full 964,377.00
Loans Repurchased by Seller 0.00
Substitution Amounts 0.00
Net Liquidation Proceeds 0.00
Group II
Scheduled Monthly Payments 180,546.51
Curtailments 204,499.17
Prepayments in Full 2,855,747.63
Loans Repurchased by Seller 0.00
Substitution Amounts 0.00
Net Liquidation Proceeds 0.00
Subordination Increase Amount 0.00
Excess Overcollateralization Amount 7,243.94
Sec. 7.09(iv) Class Interest Carryover Shortfall
Class AF-1 0.00
Class AF-2 0.00
Class AF-3 0.00
Class AF-4 0.00
Class AF-5 0.00
Class AF-6 0.00
Class AV 0.00
Class M-1 0.00
Class M-2 0.00
Class B-1 0.00
Class B-2 0.00
Sec. 7.09(v) Class Principal Carryover Shortfall
Subordinate Certificates
Class M-1 0.00
Class M-2 0.00
Class B-1 0.00
Class B-2 0.00
Sec. 7.09(vi) Aggregate Loan Balance of Each Group
Group I Beginning Aggregate Loan Balance 4,601,284.84
Group I Ending Aggregate Loan Balance 3,363,437.47
Group II Beginning Aggregate Loan Balance 5,405,959.10
Group II Ending Aggregate Loan Balance 2,165,165.79
Sec. 7.09(vii) Overcollateralization
Total Overcollateralization Amount 0.00
Total Required Overcollateralization Amount 0.00
Sec. 7.09(viii) Internal Revenue Code Section 6049(d)(7)(C) Market Discount Information
Sec. 7.09(ix) Substitution Amounts
Group I 0.00
Group II 0.00
Sec. 7.09(ix) Loan Purchase Price Amounts
Group I 0.00
Group II 0.00
Sec. 7.09(x) Weighted Average Net Coupon Rate
Group I 9.5482 %
Group II 9.0315 %
Sec. 7.09(xi) Monthly Remittance Amount
Group I 2,945,901.92
Group II 5,991,441.25
Sec. 7.09(xiii) Weighted Average Gross Margin - Group II Loans 0.0000 %
Sec. 7.09(xiv) Largest Loan Balance
Group I 651,403.48
Group II 599,671.58
Sec. 7.09(xv) Basic Principal Amount
Group I 1,237,847.37
Sec. 7.09(xvi) Net Wac Cap Carryover Paid
Group I 0.00
Group II 0.00
Sec. 7.09(xvi) Remaining Net Wac Cap Carryover
Group I 0.00
Group II 0.00
Sec. 7.09(xviii) Net Wac Cap
Group I N/A
Group II
Class AV Certificate 9.78 %
Class M-1 Certificate 43.08 %
Class M-2 Certificate 63.93 %
Class B-1 Certificate 59.83 %
Class B-2 Certificate 196.84 %
Sec. 7.09(xix) Applied Realized Loss Amounts
Subordinate Certificates
Class M-1 0.00
Class M-2 0.00
Class B-1 0.00
Class B-2 0.00
Sec. 7.09(xx) Stepdown Date Has Not Occurred
Sec. 7.09(b)(i) Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency (Includes Bankruptcies)
Group 1
Principal
Category Number Balance Percentage
1 Month 28 1,364,771.10 0.64 %
2 Month 1 35,250.00 0.02 %
3 Month 0 0.00 0.00 %
Total 29 1,400,021.10 0.66 %
Group 2
Principal
Category Number Balance Percentage
1 Month 22 1,578,804.09 0.44 %
2 Month 3 418,401.28 0.12 %
3 Month 0 0.00 0.00 %
Total 25 1,997,205.37 0.56 %
Group Totals
Principal
Category Number Balance Percentage
1 Month 50 2,943,575.19 0.51 %
2 Month 4 453,651.28 0.08 %
3 Month 0 0.00 0.00 %
Total 54 3,397,226.47 0.59 %
Sec. 7.09(b)(ii) Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure
Group 1
Principal
Number Balance Percentage
0 0.00 0.00 %
Group 2
Principal
Number Balance Percentage
0 0.00 0.00 %
Group Totals
Principal
Number Balance Percentage
0 0.00 0.00 %
Sec. 7.09(b)(iii) Number and Aggregate Principal Amounts of Mortgage Loans in Bankruptcy
Group 1
Principal
Number Balance Percentage
4 146,657.94 0.07 %
Group 2
Principal
Number Balance Percentage
10 833,698.39 0.23 %
Group Totals
Principal
Number Balance Percentage
14 980,356.33 0.17 %
Sec. 7.09(b)(iii) Balloon Loans
Number of Balloon Loans 198.00
Balance of Balloon Loans 13,403,925.17
Sec. 7.09(b)(iv) Number and Aggregate Principal Amounts of REO Loans
Group 1
Principal
Number Balance Percentage
0 0.00 0.00 %
Group 2
Principal
Number Balance Percentage
0 0.00 0.00 %
Group Totals
Principal
Number Balance Percentage
0 0.00 0.00 %
Sec. 7.09(b)(v) Book Value of REO Loans
Group I 0.00
Group II 0.00
Sec. 7.09(b)(vi) Realized Losses
Group I
Monthly Realized Losses 0.00
Cumulative Realized Losses 0.00
Group II
Monthly Realized Losses 0.00
Cumulative Realized Losses 0.00
Sec. 7.09(b)(vii) Net Liquidation Proceeds
Group I 0.00
Group II 0.00
Sec. 7.09(b)(viii) 60+ Delinquency Percentage (Rolling Three Month) 0.0788 %
Sec. 7.09(b)(ix) Cumulative Loss Percentage
Cumulative Realized Losses Since Cut-Off Date 0.00
Aggregate Loan Balance as of the Cut-Off Date 580,007,243.94
Cumulative Loss Percentage 0.00 %
Sec. 7.09(b)(x) Has a Trigger Event Occurred? NO
1-Month LIBOR for Current Distribution Date 1.78 %
<page>
Exhibit 99.2
Statement to Certificateholders
October 25, 2002
-5-
<page>
Centex Home Equity Loan Trust 2002-C
STATEMENT TO CERTIFICATEHOLDERS
October 25, 2002
- -----------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION IN DOLLARS
- -----------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING ENDING
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE
- ----------------------------------------------------------------------------------------------------------------------------------
AF_1 69,000,000.00 67,763,437.47 1,677,541.67 134,962.18 1,812,503.85 0.00 0.00 66,085,895.80
AF_2 18,000,000.00 18,000,000.00 0.00 43,050.00 43,050.00 0.00 0.00 18,000,000.00
AF_3 40,000,000.00 40,000,000.00 0.00 118,666.67 118,666.67 0.00 0.00 40,000,000.00
AF_4 60,800,000.00 60,800,000.00 0.00 226,986.67 226,986.67 0.00 0.00 60,800,000.00
AF_5 5,800,000.00 5,800,000.00 0.00 23,731.67 23,731.67 0.00 0.00 5,800,000.00
AF_6 21,000,000.00 21,000,000.00 0.00 78,750.00 78,750.00 0.00 0.00 21,000,000.00
AV 263,900,000.00 260,665,165.79 3,845,200.33 459,150.83 4,304,351.16 0.00 0.00 256,819,965.46
M_1 42,050,000.00 42,050,000.00 0.00 86,333.91 86,333.91 0.00 0.00 42,050,000.00
M_2 26,100,000.00 26,100,000.00 0.00 64,461.56 64,461.56 0.00 0.00 26,100,000.00
B_1 26,100,000.00 26,100,000.00 0.00 80,774.06 80,774.06 0.00 0.00 26,100,000.00
B_2 7,250,000.00 7,250,000.00 0.00 23,947.66 23,947.66 0.00 0.00 7,250,000.00
R_1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTALS 580,000,000.00 575,528,603.26 5,522,742.00 1,340,815.21 6,863,557.21 0.00 0.00 570,005,861.26
AIO_I 90,000,000.00 87,804,000.00 0.00 439,020.00 439,020.00 0.00 0.00 82,865,000.00
AIO_II 120,000,000.00 114,065,000.00 0.00 570,325.00 570,325.00 0.00 0.00 90,155,000.00
X_IO 7,243.94 575,528,603.26 0.00 2,071,194.63 2,071,194.63 0.00 0.00 570,005,861.26
- ---------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------- ------------------------
FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE PASS-THROUGH RATES
- --------------------------------------------------------------------------------------------------------- ------------------------
CURRENT
BEGINNING ENDING PASS-THRU
CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL CLASS RATE
- --------------------------------------------------------------------------------------------------------- ------------------------
AF_1 152314FJ4 982.07880391 24.31219812 1.95597362 26.26817174 957.76660580 AF_1 2.390000 %
AF_2 152314FK1 1,000.00000000 0.00000000 2.39166667 2.39166667 1,000.00000000 AF_2 2.870000 %
AF_3 152314FL9 1,000.00000000 0.00000000 2.96666675 2.96666675 1,000.00000000 AF_3 3.560000 %
AF_4 152314FM7 1,000.00000000 0.00000000 3.73333339 3.73333339 1,000.00000000 AF_4 4.480000 %
AF_5 152314FN5 1,000.00000000 0.00000000 4.09166724 4.09166724 1,000.00000000 AF_5 4.910000 %
AF_6 152314FP0 1,000.00000000 0.00000000 3.75000000 3.75000000 1,000.00000000 AF_6 4.500000 %
AV 152314 FR6 987.74219701 14.57067196 1.73986673 16.31053869 973.17152505 AV 2.113750 %
M_1 152314 FS4 1,000.00000000 0.00000000 2.05312509 2.05312509 1,000.00000000 M_1 2.463750 %
M_2 152314 FT2 1,000.00000000 0.00000000 2.46979157 2.46979157 1,000.00000000 M_2 2.963750 %
B_1 152314 FU9 1,000.00000000 0.00000000 3.09479157 3.09479157 1,000.00000000 B_1 3.713750 %
B_2 152314 FV7 1,000.00000000 0.00000000 3.30312552 3.30312552 1,000.00000000 B_2 3.963750 %
TOTALS 992.29069528 9.52196897 2.31175036 11.83371933 982.76872631
AIO_I N/A 975.60000000 0.00000000 4.87800000 4.87800000 920.72222222 AIO_I 6.000000 %
AIO_II N/A 950.54166667 0.00000000 4.75270833 4.75270833 751.29166667 AIO_II 6.000000 %
X_IO N/A ## 0.00000000 ## ## ## X_IO 0.000000 %
- -------------------------------------------------------------------------------------------------------- ------------------------
If there are any questions or problems with this statement, please contact the Administrator listed below:
---------------------------------------
Sora Jun
JPMorgan Chase Bank - Structured Finance Services
450 W. 33rd Street, 8th Floor,
New York, New York 10001
Tel: (212) 946-3669
Fax: (212) 946-3916
Email: Sora.jun@chase.com
---------------------------------------
Copyright 2001 J.P. Morgan Chase & Co. All rights reserved.
<page>
Sec. 7.09(ii) Distributions Allocable to Principal
Group I
Scheduled Monthly Payments 227,622.64
Curtailments 39,731.59
Prepayments in Full 1,410,187.44
Loans Repurchased by Seller 0.00
Substitution Amounts 0.00
Net Liquidation Proceeds 0.00
Group II
Scheduled Monthly Payments 178,961.16
Curtailments 15,548.51
Prepayments in Full 3,650,690.66
Loans Repurchased by Seller 0.00
Substitution Amounts 0.00
Net Liquidation Proceeds 0.00
Subordination Increase Amount 0.00
Excess Overcollateralization Amount 0.00
Sec. 7.09(iv) Class Interest Carryover Shortfall
Class AF-1 0.00
Class AF-2 0.00
Class AF-3 0.00
Class AF-4 0.00
Class AF-5 0.00
Class AF-6 0.00
Class AV 0.00
Class M-1 0.00
Class M-2 0.00
Class B-1 0.00
Class B-2 0.00
Sec. 7.09(v) Class Principal Carryover Shortfall
Subordinate Certificates
Class M-1 0.00
Class M-2 0.00
Class B-1 0.00
Class B-2 0.00
Sec. 7.09(vi) Aggregate Loan Balance of Each Group
Group I Beginning Aggregate Loan Balance 213,363,437.47
Group I Ending Aggregate Loan Balance 211,685,895.80
Group II Beginning Aggregate Loan Balance 362,165,165.79
Group II Ending Aggregate Loan Balance 358,319,965.46
Sec. 7.09(vii) Overcollateralization
Total Overcollateralization Amount 0.00
Total Required Overcollateralization Amount 0.00
Sec. 7.09(viii) Internal Revenue Code Section 6049(d)(7)(C) Market Discount Information
Sec. 7.09(ix) Substitution Amounts
Group I 0.00
Group II 0.00
Sec. 7.09(ix) Loan Purchase Price Amounts
Group I 0.00
Group II 0.00
Sec. 7.09(x) Weighted Average Net Coupon Rate
Group I 9.5436 %
Group II 9.0273 %
Sec. 7.09(xi) Monthly Remittance Amount
Group I 3,374,916.78
Group II 6,570,166.27
Sec. 7.09(xiii) Weighted Average Gross Margin - Group II Loans 9.0732 %
Sec. 7.09(xiv) Largest Loan Balance
Group I 650,664.20
Group II 599,340.70
Sec. 7.09(xv) Basic Principal Amount
Group I 1,677,541.67
Group II 3,845,200.33
Sec. 7.09(xvi) Net Wac Cap Carryover Paid
Group I 0.00
Group II 0.00
Sec. 7.09(xvi) Remaining Net Wac Cap Carryover
Group I 0.00
Group II 0.00
Sec. 7.09(xviii) Net Wac Cap
Group I 7.07 %
Group II 7.14 %
Sec. 7.09(xix) Applied Realized Loss Amounts
Subordinate Certificates
Class M-1 0.00
Class M-2 0.00
Class B-1 0.00
Class B-2 0.00
Sec. 7.09(xx) Stepdown Date Has Not Occurred
Sec. 7.09(b)(i) Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency (Includes Bankruptcies)
Group 1
Principal
Category Number Balance Percentage
1 Month 34 1,492,008.26 0.70 %
2 Month 8 280,166.50 0.13 %
3 Month 1 16,194.33 0.01 %
Total 43 1,788,369.09 0.84 %
Group 2
Principal
Category Number Balance Percentage
1 Month 58 4,039,399.39 1.13 %
2 Month 13 1,165,376.88 0.33 %
3 Month 1 164,700.00 0.05 %
Total 72 5,369,476.27 1.51 %
Group Totals
Principal
Category Number Balance Percentage
1 Month 92 5,531,407.65 0.97 %
2 Month 21 1,445,543.38 0.25 %
3 Month 2 180,894.33 0.03 %
Total 115 7,157,845.36 1.25 %
Sec. 7.09(b)(ii) Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure
Group 1
Principal
Number Balance Percentage
0 0.00 0.00 %
Group 2
Principal
Number Balance Percentage
0 0.00 0.00 %
Group Totals
Principal
Number Balance Percentage
0 0.00 0.00 %
Sec. 7.09(b)(iii) Number and Aggregate Principal Amounts of Mortgage Loans in Bankruptcy
Group 1
Principal
Number Balance Percentage
7 293,029.28 0.14 %
Group 2
Principal
Number Balance Percentage
14 1,335,101.76 0.37 %
Group Totals
Principal
Number Balance Percentage
21 1,628,131.04 0.29 %
Sec. 7.09(b)(iii) Balloon Loans
Number of Balloon Loans 196.00
Balance of Balloon Loans 13,280,567.93
Sec. 7.09(b)(iv) Number and Aggregate Principal Amounts of REO Loans
Group 1
Principal
Number Balance Percentage
0 0.00 0.00 %
Group 2
Principal
Number Balance Percentage
0 0.00 0.00 %
Group Totals
Principal
Number Balance Percentage
0 0.00 0.00 %
Sec. 7.09(b)(v) Book Value of REO Loans
Group I 0.00
Group II 0.00
Sec. 7.09(b)(vi) Realized Losses
Group I
Monthly Realized Losses 0.00
Cumulative Realized Losses 0.00
Group II
Monthly Realized Losses 0.00
Cumulative Realized Losses 0.00
Sec. 7.09(b)(vii) Net Liquidation Proceeds
Group I 0.00
Group II 0.00
Sec. 7.09(b)(viii) 60+ Delinquency Percentage (Rolling Three Month) 0.1821 %
Sec. 7.09(b)(ix) Cumulative Loss Percentage
Cumulative Realized Losses Since Cut-Off Date 0.00
Aggregate Loan Balance as of the Cut-Off Date 580,007,243.94
Cumulative Loss Percentage 0.00 %
Sec. 7.09(b)(x) Has a Trigger Event Occurred? NO
1-Month LIBOR for Current Distribution Date 1.8138 %