<PAGE>

                                 Exhibit 10.1


CONTACTS
-------------------------------------------------------------------------------

          Administrator:             Barbara A Campbell
          Direct Phone No:           (714)247-6278
          Address:                   Deutsche Bank
                                     1761 E. St. Andrew Place
                                     Santa Ana, CA 92705

          Web Site:                  http://www-apps.gis.deutsche-bank.com/invr
          Factor Information:        (800) 735-7777
          Main Phone No:             (714) 247-6000
-------------------------------------------------------------------------------

<TABLE>
ISSUANCE INFORMATION
----------------------------------------------------------------------------------------------------------------------------
       <S>                     <C>                                             <C>                        <C>
       Seller:                 GreenPoint Mortgage                              Cut-Off Date:              November 30, 2000
       Certificate Insurer:    Financial Guaranty Insurance Corporation         Closing Date:              December 18, 2000
       Servicer(s):            GreenPoint Mortgage - Master Servicer            First Payment Date:        January 16, 2001

       Underwriter(s):         Greenwich Capital Markets, Inc. - Underwriter    Distribution Date:         April 16, 2001
                                                                                Record Date:               April 13, 2001


----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

                   GreenPoint Home Equity Loan Trust 2000-3
                      Home Equity Loan Asset-Backed Notes
                                 Series 2000-3
          Certificate Payment Report for April 16, 2001 Distribution


<TABLE>
<CAPTION>
     Distribution in Dollars - Current Period
------------------------------------------------------------------------------------------------------------------------------------
                                        Prior                                                                              Current
          Class        Original       Principal                                      Total       Realized     Deferred    Principal
 Class     Type       Face Value       Balance        Interest      Principal    Distribution     Losses      Interest     Balance
------------------------------------------------------------------------------------------------------------------------------------
                                         (1)            (2)            (3)        (4)=(2)+(3)      (5)           (6)   (7)=(1)-(3)-
                                                                                                                         (5)+(6)
------------------------------------------------------------------------------------------------------------------------------------
  <S>   <C>         <C>            <C>                <C>          <C>            <C>              <C>          <C>  <C>
  A-1    FLT,STEP   102,736,000.00  100,134,357.97     478,308.45   2,716,859.39  3,195,167.84      -             -  97,417,498.58
  A-2    FLT,STEP    98,584,000.00   95,769,759.50     457,460.22   2,785,685.24  3,243,145.46      -             -  92,984,074.26
  A-3    FLT,STEP    97,966,000.00   91,987,619.72     440,211.86   3,882,631.89  4,322,843.75      -             -  88,104,987.83
   S                             -               -              -              -             -      -             -              -
   R                             -               -              -              -             -      -             -              -
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
 Total              299,286,000.00  287,891,737.19   1,375,980.53   9,385,176.52 10,761,157.05      -             - 278,506,560.67
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
                                         Current Period Factor Information per $1,000
     Interest Accrual Detail             of Original Face
------------------------------------------------------------------------------------------------------------------------------------
                                                  Orig. Principal    Prior                                                  Current
      Period       Period                         (with Notional)  Principal                                 Total         Principal
 Class  Starting   Ending    Method      Cusip        Balance       Balance       Interest     Principal   Distribution     Balance
------------------------------------------------------------------------------------------------------------------------------------
                                                                      (1)            (2)          (3)       (4)=(2)+(3)       (5)
------------------------------------------------------------------------------------------------------------------------------------
  <S>   <C>       <C>      <C>         <C>        <C>            <C>             <C>        <C>            <C>          <C>
  A-1   03/15/01  04/15/01 A-Act/360    395385AF4 102,736,000.00  974.676433      4.655704    26.445057      31.100762   948.231375
  A-2   03/15/01  04/15/01 A-Act/360    395385AG2  98,584,000.00  971.453375      4.640309    28.256971      32.897280   943.196404
  A-3   03/15/01  04/15/01 A-Act/360    395385AHO  97,966,000.00  938.974948      4.493517    39.632443      44.125960   899.342505
   S                               -                           -           -             -            -              -            -
   R                               -                           -           -             -            -              -            -
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
     Distribution in Dollars - to Date
------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                           Current
           Original                   Unscheduled    Scheduled        Total          Total       Realized     Deferred    Principal
 Class    Face Value      Interest     Principal     Principal      Principal    Distribution     Losses      Interest     Balance
------------------------------------------------------------------------------------------------------------------------------------
              (1)           (2)           (3)           (4)        (5)=(3)+(4)    (6)=(2)+(5)      (7)           (8)    (9)=(1)-(5)-
                                                                                                                          (7)+(8)
------------------------------------------------------------------------------------------------------------------------------------
 <S>   <C>             <C>           <C>            <C>           <C>            <C>                  <C>       <C>   <C>
  A-1  102,736,000.00   2,030,176.45  4,561,021.32   757,480.10   5,318,501.42   7,348,677.87           -          -   97,417,498.58
  A-2   98,584,000.00   1,943,241.88  4,799,251.90   800,673.84   5,599,925.74   7,543,167.62           -          -   92,984,074.26
  A-3   97,966,000.00   1,899,880.47  9,141,993.98   719,018.19   9,861,012.17  11,760,892.64           -          -   88,104,987.83
   S                -              -             -            -              -              -           -          -               -
   R                -              -             -            -              -              -           -          -               -

------------------------------------------------------------------------------------------------------------------------------------
 Total 299,286,000.00   5,873,298.80 18,502,267.20 2,277,172.13  20,779,439.33  26,652,738.13           -          -  278,506,560.67
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
             Interest Detail
------------------------------------------------------------------------------------------------------------------------------------
          Pass-    Prior Principal                    Non-           Prior     Unscheduled                Paid or        Current
         Through   (with Notional)    Accrued      Supported        Unpaid       Interest     Optimal     Deferred        Unpaid
 Class    Rate        Balance         Interest    Interest SF      Interest    Adjustments    Interest    Interest       Interest
------------------------------------------------------------------------------------------------------------------------------------
                                         (1)          (2)             (3)          (4)        (5)=(1)-       (6)        (7)=(5)-(6)
                                                                                            (2)+(3)+(4)
------------------------------------------------------------------------------------------------------------------------------------
  <S>  <C>        <C>                <C>                   <C>          <C>            <C>   <C>         <C>            <C>
  A-1  5.37375%   100,134,357.97     478,308.45             -             -              -   478,308.45    478,308.45              -
  A-2  5.37375%    95,769,759.50     457,460.22             -             -              -   457,460.22    457,460.22              -
  A-3  5.38375%    91,987,619.72     440,211.86             -             -              -   440,211.86    440,211.86              -
   S                           -              -             -             -              -            -             -              -
   R                           -              -             -             -              -            -             -              -
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
 Total            287,891,737.19   1,375,980.53             -             -              -  1,375,980.53 1,375,980.53              -
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

--------------------------------------------------------------------------------
                           Collection Account Report
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
SUMMARY                                                                  POOL III         POOL II          POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
    <S>                                                             <C>             <C>             <C>             <C>
    Net Principal Collections                                        3,535,634.73    2,456,805.29    2,365,738.68     8,358,178.70

    TOTAL PRINCIPAL                                                  3,535,634.73    2,456,805.29    2,365,738.68     8,358,178.70

    Interest Collections                                               800,444.92      800,299.48      844,053.70     2,444,798.10
    Interest Fees                                                      (13,235.90)     (13,959.31)     (14,624.54)      (41,819.75)

    TOTAL INTEREST                                                     787,209.02      786,340.17      829,429.16     2,402,978.35

    TOTAL AVAILABLE FUNDS                                            4,322,843.75    3,243,145.46    3,195,167.84    10,761,157.05
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
PRINCIPAL - COLLECTIONS                                                  POOL III         POOL II          POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
    <S>                                                             <C>             <C>             <C>             <C>
    Principal Collections                                            5,967,078.19    4,441,067.70    4,559,292.37    14,967,438.26
    Repurchases/Substitutions                                                0.00            0.00            0.00             0.00
    Liquidations                                                             0.00            0.00            0.00             0.00
    Insurance Principal                                                      0.00            0.00            0.00             0.00
    Liquidation Loss Amounts                                                 0.00            0.00            0.00             0.00
    Additional Balances                                             (2,431,443.46)  (1,984,262.41)  (2,193,553.69)   (6,609,259.56)

    TOTAL PRINCIPAL COLLECTED                                        3,535,634.73    2,456,805.29    2,365,738.68     8,358,178.70
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
PRINCIPAL - WITHDRAWALS                                                  POOL III         POOL II          POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
                                                  SPACE INTENTIONALLY LEFT BLANK
<S>                                                                      <C>              <C>              <C>               <C>


------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>

PRINCIPAL - OTHER ACCOUNTS                                               POOL III         POOL II          POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
                                                  SPACE INTENTIONALLY LEFT BLANK
<S>                                                                      <C>              <C>              <C>               <C>


------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
INTEREST - COLLECTIONS                                                   POOL III         POOL II          POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
    <S>                                                                  <C>            <C>              <C>           <C>
    Interest Collections                                               838,163.02      839,628.03      885,240.06     2,563,031.11
    Repurchases/Substitutions                                                0.00            0.00            0.00             0.00
    Liquidations                                                             0.00            0.00            0.00             0.00
    Insurance Interest                                                       0.00            0.00            0.00             0.00
    Other Additional Interest                                                0.00            0.00            0.00             0.00
    Current Servicing Fee                                              (37,718.10)     (39,328.55)     (41,186.36)     (118,233.01)

    TOTAL INTEREST                                                     800,444.92      800,299.48      844,053.70     2,444,798.10

------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
INTEREST - WITHDRAWALS                                                   POOL III         POOL II          POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
                                                  SPACE INTENTIONALLY LEFT BLANK
<S>                                                                      <C>              <C>              <C>               <C>


------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
INTEREST - OTHER ACCOUNTS                                                POOL III         POOL II          POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
                                                  SPACE INTENTIONALLY LEFT BLANK
<S>                                                                      <C>              <C>              <C>               <C>


------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
INTEREST - FEES                                                          POOL III         POOL II          POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
    <S>                                                               <C>             <C>             <C>             <C>
    Trustee Fee                                                            754.36          786.57          823.73         2,364.66
    Certificate Insurer Premium                                         12,481.54       13,172.74       13,800.81        39,455.09
    Management Fee                                                           0.00            0.00            0.00             0.00

    TOTAL INTEREST FEES                                                 13,235.90       13,959.31       14,624.54        41,819.75

------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

--------------------------------------------------------------------------------
                           Credit Enhancement Report
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
ACCOUNTS                                                                 POOL III         POOL II          POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
    <S>                                                                  <C>              <C>              <C>               <C>
    Beginning Reserve Fund Balance                                           0.00            0.00            0.00             0.00
    Curr Period Amounts Dep to Res Fund                                      0.00            0.00            0.00             0.00
    Curr Withdrawal from Reserve Fund                                        0.00            0.00            0.00             0.00
    Reserve Fund Balance                                                     0.00            0.00            0.00             0.00

------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
INSURANCE                                                                POOL III         POOL II          POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
   <S>                                                                  <C>              <C>              <C>               <C>
    Insured Amount                                                           0.00            0.00            0.00             0.00
    Reimbursements to the Insurer                                            0.00            0.00            0.00             0.00
    Cumulative Insurance Payment                                             0.00            0.00            0.00             0.00

    Draws on the Policy                                                      0.00            0.00            0.00             0.00
    Draws on the Demand Note                                                 0.00            0.00            0.00             0.00

    Interest portion of Guarantee Payment                                    0.00            0.00            0.00             0.00
    Principal portion of Guarantee Payment                                   0.00            0.00            0.00             0.00
    Guarantee Payment for this date                                          0.00            0.00            0.00             0.00
    Cumulative Guaranty Payments                                             0.00            0.00            0.00             0.00

------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
STRUCTURAL FEATURES                                                      POOL III         POOL II          POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
    <S>                                                              <C>              <C>              <C>               <C>
    Pool Delinquency Rate                                                  1.4765%         0.6092%         0.6697%
    Rolling Six-month Pool Delinquency Rate                                0.8227%         0.3877%         0.3283%

    Prior Overcollateralization Amount                                       0.00            0.00             0.00
    Specified Overcollateralization Amount                           2,161,032.93    2,174,666.96    2,310,073.04     6,645,772.94
    Overcollateralization Amount                                             0.00            0.00            0.00             0.00
    Overcollateralization Deficiency Amount                          2,161,032.93    2,174,666.96    2,310,073.04     6,645,772.94

    Overcollateralization Deficit                                    1,117,180.10    1,052,367.69      935,967.83     3,105,515.62
    Overcollateralization Reduction Amount                                   0.00            0.00            0.00             0.00
    Step-Up Overcollateralization Amount                                     0.00            0.00            0.00             0.00

    Current Accelerated Principal Payment                                    0.00            0.00            0.00             0.00
    Cumulative Accelerated Principal Payment                                 0.00            0.00            0.00             0.00

------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------------
                                                            Collateral Report
--------------------------------------------------------------------------------------------------------------------------------


COLLATERAL                                                            POOL III         POOL II          POOL I            TOTAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                            <C>              <C>              <C>            <C>
      Loan Count:
    Original                                                               583            2188            2664             5435
    Prior                                                                  539           2,093           2,523            5,155
    Prefunding                                                               -               -               -                -
    Scheduled Paid Offs                                                      -               -               -                -
    Full Voluntary Prepayments                                             (21)            (68)            (70)            (159)
    Repurchases                                                              -               -               -                -
    Liquidations                                                             -               -               -                -
-------------------------------------------------------------------------------------------------------------------------------
    Current                                                                518           2,025           2,453            4,996

    Principal Balance:
    Original                                                     96,045,908.07   96,651,865.01  100,721,912.99   293,419,686.07
    Prior                                                        90,523,442.46   94,388,511.86   98,847,269.43   283,759,223.75
    Prefunding                                                    2,431,443.46    1,984,262.41    2,193,553.69     6,609,259.56
    Scheduled Principal                                            (112,186.68)    (133,876.02)    (137,033.10)     (383,095.80)
    Partial and Full Voluntary Prepayments                       (5,854,891.51)  (4,307,191.68)  (4,422,259.27)  (14,584,342.46)
    Repurchases                                                              -               -               -                -
-------------------------------------------------------------------------------------------------------------------------------
    Liquidations                                                             -               -               -                -
    Current                                                      86,987,807.73   91,931,706.57   96,481,530.75   275,401,045.05
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>


<TABLE>
<CAPTION>
PREFUNDING                                                               POOL III         POOL II          POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
                                                   SPACE INTENTIONALLY LEFT BLANK


-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                      <C>              <C>            <C>                <C>
</TABLE>



<TABLE>
<CAPTION>
CHARACTERISTICS                                                      POOL III         POOL II          POOL I            TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                <C>              <C>             <C>            <C>
    Weighted Average Coupon Original                                  7.491710%       7.985425%       8.355685%        7.950915%
    Weighted Average Coupon Prior                                    11.628811%      11.521431%      11.789581%       11.649072%
    Weighted Average Coupon Current                                  11.305392%      11.155070%      11.234774%       11.230790%
    -----------------------------------------------------------------------------------------------------------------------------
    Weighted Average Months to Maturity Original                           194             199             197              197
    Weighted Average Months to Maturity Prior                              191             197             194              194
    Weighted Average Months to Maturity Current                            191             196             193              193
    -----------------------------------------------------------------------------------------------------------------------------
    Weighted Avg Remaining Amortization Term Original                      200             214             208              207
    Weighted Avg Remaining Amortization Term Prior                         199             213             206              206
    Weighted Avg Remaining Amortization Term Current                       198             211             205              205
----------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Seasoning Original                                   2.84            2.88            3.04             2.93
    Weighted Average Seasoning Prior                                      3.85            3.87            4.03             3.92
    Weighted Average Seasoning Current                                    4.86            4.86            5.03             4.92

---------------------------------------------------------------------------------------------------------------------------------
</TABLE>


Note:  Original information refers to deal issue.
<PAGE>

<TABLE>
<CAPTION>
ARM CHARACTERISTICS                                                    POOL III         POOL II          POOL I            TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                   <C>              <C>             <C>                <C>
    Weighted Average Margin Original                                    2.966%          2.411%          2.558%
    Weighted Average Margin Prior                                       2.987%          2.392%          2.565%
    Weighted Average Margin Current                                     3.001%          2.387%          2.565%
----------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Max Rate Original                                 17.703%         17.039%         17.227%
    Weighted Average Max Rate Prior                                    17.705%         17.071%         17.252%
    Weighted Average Max Rate Current                                  17.696%         17.082%         17.261%
----------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Min Rate Original                                  6.606%          7.182%          7.837%
    Weighted Average Min Rate Prior                                     6.627%          7.167%          7.824%
    Weighted Average Min Rate Current                                   6.651%          7.155%          7.803%
----------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Cap Up Original
    Weighted Average Cap Up Prior
    Weighted Average Cap Up Current
----------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Cap Down Original
    Weighted Average Cap Down Prior
    Weighted Average Cap Down Current

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Note:  Original information refers to deal issue.

<TABLE>
<CAPTION>
SERVICING FEES / ADVANCES                                                POOL III         POOL II          POOL I          TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                    <C>             <C>             <C>              <C>
    TOTAL SERVICING FEE                                                  37,718.10       39,328.55       41,186.36       118,233.01


----------------------------------------------------------------------------------------------------------------------------------
</TABLE>


<TABLE>
<CAPTION>
ADDITIONAL COLLATERAL INFORMATION                                      POOL III         POOL II          POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
                                                   SPACE INTENTIONALLY LEFT BLANK

------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                   <C>               <C>            <C>                 <C>
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
                                                        Delinquency Report - Total
-----------------------------------------------------------------------------------------------------------------------------------


                                                            CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS            TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S>                 <C>                                <C>             <C>            <C>              <C>            <C>
DELINQUENT           Balance                                           3,600,544.72    1,161,088.97      153,317.26    4,914,950.95
                     % Balance                                                 1.31%           0.42%           0.06%           1.78%
                     # Loans                                                     58              14               3              75
                     % # Loans                                                 1.16%           0.28%           0.06%           1.50%
-----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE          Balance                                   -                  -               -    1,163,255.08    1,163,255.08
                     % Balance                              0.00%              0.00%           0.00%           0.42%           0.42%
                     # Loans                                   -                  -               -              14              14
                     % # Loans                              0.00%              0.00%           0.00%           0.28%           0.28%
-----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY           Balance                          159,663.57                  -       14,820.72       21,529.62      196,013.91
                     % Balance                              0.06%              0.00%           0.01%           0.01%           0.07%
                     # Loans                                   4                  -               1               1               6
                     % # Loans                              0.08%              0.00%           0.02%           0.02%           0.12%
-----------------------------------------------------------------------------------------------------------------------------------
REO                  Balance                                   -                  -               -               -               -
                     % Balance                              0.00%              0.00%           0.00%           0.00%           0.00%
                     # Loans                                   -                  -               -               -               -
                     % # Loans                              0.00%              0.00%           0.00%           0.00%           0.00%
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
TOTAL                Balance                          159,663.57       3,600,544.72    1,175,909.69    1,338,101.96    6,274,219.94
                     % Balance                              0.06%              1.31%           0.43%           0.49%           2.28%
                     # Loans                                   4                 58              15              18              95
                     % # Loans                              0.08%              1.16%           0.30%           0.36%           1.90%
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>


Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+
Payments = 90+


<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
                                                     Delinquency Report - Pool I Group
-----------------------------------------------------------------------------------------------------------------------------------

                                                            CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS          TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                                   <C>         <C>               <C>              <C>           <C>
DELINQUENT           Balance                                          1,324,986.88      460,601.29        9,777.26     1,795,365.43
                     % Balance                                                1.37%           0.48%           0.01%            1.86%
                     # Loans                                                    34               6               1               41
                     % # Loans                                                1.39%           0.24%           0.04%            1.67%
-----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE          Balance
                                                                  -              -               -      177,705.63       177,705.63
                     % Balance                                 0.00%          0.00%           0.00%           0.18%            0.18%
                     # Loans
                                                                  -              -               -               4                4
                     % # Loans                                 0.00%          0.00%           0.00%           0.16%            0.16%
-----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY           Balance                             143,828.08              -               -       21,529.62       165,357.70
                     % Balance                                 0.15%          0.00%           0.00%           0.02%            0.17%
                     # Loans                                      3              -               -               1                4
                     % # Loans                                 0.12%          0.00%           0.00%           0.04%            0.16%
-----------------------------------------------------------------------------------------------------------------------------------
REO                  Balance                                      -              -               -               -                -
                     % Balance                                 0.00%          0.00%           0.00%           0.00%            0.00%
                     # Loans                                      -              -               -               -                -
                     % # Loans                                 0.00%          0.00%           0.00%           0.00%            0.00%
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
TOTAL                Balance
                                                         143,828.08   1,324,986.88      460,601.29      209,012.51     2,138,428.76
                     % Balance                                 0.15%          1.37%           0.48%           0.22%            2.22%
                     # Loans                                      3             34               6               6               49
                     % # Loans                                 0.12%          1.39%           0.24%           0.24%            2.00%
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+
Payments = 90+
<PAGE>

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
                                                    Delinquency Report - Pool II Group
-----------------------------------------------------------------------------------------------------------------------------------

                                                            CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS            TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S>                  <C>                                    <C>       <C>               <C>              <C>           <C>
DELINQUENT           Balance                                          1,113,631.81      222,232.66               -     1,335,864.47
                     % Balance                                                1.21%           0.24%           0.00%            1.45%
                     # Loans                                                    20               5               -               25
                     % # Loans                                                0.99%           0.25%           0.00%            1.23%
-----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE          Balance                                     -               -               -      322,955.79       322,955.79
                     % Balance                                0.00%           0.00%           0.00%           0.35%            0.35%
                     # Loans                                     -               -               -               8                8
                     % # Loans                                0.00%           0.00%           0.00%           0.40%            0.40%
-----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY           Balance                             15,835.49               -       14,820.72               -        30,656.21
                     % Balance                                0.02%           0.00%           0.02%           0.00%            0.03%
                     # Loans                                     1               -               1               -                2
                     % # Loans                                0.05%           0.00%           0.05%           0.00%            0.10%
-----------------------------------------------------------------------------------------------------------------------------------
REO                  Balance                                     -               -               -               -                -
                     % Balance                                0.00%           0.00%           0.00%           0.00%            0.00%
                     # Loans                                     -               -               -               -                -
                     % # Loans                                0.00%           0.00%           0.00%           0.00%            0.00%
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
TOTAL                Balance                             15,835.49    1,113,631.81      237,053.38      322,955.79     1,689,476.47
                     % Balance                                0.02%           1.21%           0.26%           0.35%            1.84%
                     # Loans                                     1              20               6               8               35
                     % # Loans                                0.05%           0.99%           0.30%           0.40%            1.73%
-----------------------------------------------------------------------------------------------------------------------------------
Note:  Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+

<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
                                                    Delinquency Report - Pool III Group
-----------------------------------------------------------------------------------------------------------------------------------

                                                            CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS            TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S>                  <C>                                    <C>       <C>               <C>              <C>           <C>
DELINQUENT           Balance                                          1,161,926.03      478,255.02      143,540.00     1,783,721.05
                     % Balance                                                1.34%           0.55%           0.17%            2.05%
                     # Loans                                                     4               3               2                9
                     % # Loans                                                0.77%           0.58%           0.39%            1.74%
-----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE          Balance                                     -               -               -      662,593.66       662,593.66
                     % Balance                                0.00%           0.00%           0.00%           0.76%            0.76%
                     # Loans                                     -               -               -               2                2
                     % # Loans                                0.00%           0.00%           0.00%           0.39%            0.39%
-----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY           Balance                                     -               -               -               -                -
                     % Balance                                0.00%           0.00%           0.00%           0.00%            0.00%
                     # Loans                                     -               -               -               -                -
                     % # Loans                                0.00%           0.00%           0.00%           0.00%            0.00%
-----------------------------------------------------------------------------------------------------------------------------------
REO                  Balance                                     -               -               -               -                -
                     % Balance                                0.00%           0.00%           0.00%           0.00%            0.00%
                     # Loans                                     -               -               -               -                -
                     % # Loans                                0.00%           0.00%           0.00%           0.00%            0.00%
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
TOTAL                Balance                                     -    1,161,926.03      478,255.02      806,133.66     2,446,314.71
                     % Balance                                0.00%           1.34%           0.55%           0.93%            2.81%
                     # Loans                                     -               4               3               4               11
                     % # Loans                                0.00%           0.77%           0.58%           0.77%            2.12%
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+
Payments = 90+
<PAGE>

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
                                   REO Report - Mortgage Loans that Become REO During Current Distribution
-----------------------------------------------------------------------------------------------------------------------------------


SUMMARY                                                LOAN GROUP
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                     <C>
Total Loan Count =   0                                  Loan Group 1    =    Pool I Group;   REO Book Value  =  000.00
Total Original Principal Balance =   000.00             Loan Group 2    =    Pool II Group;   REO Book Value  = 000.00
Total Current Balance =   000.00                        Loan Group 3    =    Pool III Group;   REO Book Value  = 000.00
REO Book Value =   000.00

-----------------------------------------------------------------------------------------------------------------------------------
REO Book Value reported corresponds to total REO loans, including loans that
become REO during current distribution.


<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
<S>                   <C>             <C>               <C>             <C>          <C>                <C>            <C>
   Loan Number         Original         Stated                          Current         State &
        &             Principal       Principal         Paid to           Note           LTV at         Original       Origination
    Loan Group         Balance         Balance           Date            Rate         Origination         Term            Date
-----------------------------------------------------------------------------------------------------------------------------------
                                                   SPACE INTENTIONALLY LEFT BLANK

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------
                                                Prepayment Report - Voluntary Prepayments
-------------------------------------------------------------------------------------------------------------------


VOLUNTARY PREPAYMENTS                                        POOL III        POOL II          POOL I           TOTAL
--------------------------------------------------------------------------------------------------------------------
<S>                                                          <C>             <C>              <C>              <C>
    Current
    Number of Paid in Full Loans
                                                                21              68              70              159
    Number of Repurchased Loans
                                                                 -               -               -                -
    ----------------------------------------------------------------------------------------------------------------
    Total Number of Loans Prepaid in Full
                                                                21              68              70              159

    Paid in Full Balance
                                                      4,416,600.03    3,498,534.13    3,053,461.08    10,968,595.24
    Repurchased Loans Balance
                                                                 -               -               -                -
    Curtailments Amount
                                                      1,438,291.48      808,657.55    1,368,798.19     3,615,747.22
    ----------------------------------------------------------------------------------------------------------------
    Total Prepayment Amount
                                                      5,854,891.51    4,307,191.68    4,422,259.27    14,584,342.46

    Cumulative
    Number of Paid in Full Loans
                                                                65             163             211              439
    Number of Repurchased Loans
                                                                 -               -               -                -
    ----------------------------------------------------------------------------------------------------------------
    Total Number of Loans Prepaid in Full
                                                                65             163             211              439

    Paid in Full Balance
                                                     13,261,099.79    8,364,618.12    8,771,403.06    30,397,120.97
    Repurchased Loans Balance
                                                                 -               -               -                -
    Curtailments Amount
                                                      8,140,302.32    4,360,464.14    5,424,295.25    17,925,061.71
    ----------------------------------------------------------------------------------------------------------------
    Total Prepayment Amount
                                                     21,401,402.11   12,725,082.26   14,195,698.31    48,322,182.68

                                          SPACE INTENTIONALLY LEFT BLANK



--------------------------------------------------------------------------------------------------------------------


<CAPTION>
VOLUNTARY PREPAYMENT RATES                           POOL III         POOL II          POOL I            TOTAL
---------------------------------------------------------------------------------------------------------------
<S>                                                  <C>              <C>              <C>              <C>
    SMM                                                 6.48%           4.57%           4.48%            5.15%
    3 Months Avg SMM                                    5.33%           3.47%           3.56%            4.10%
    12 Months Avg SMM
    Avg SMM Since Cut-off                               5.75%           3.34%           3.56%            4.19%

    CPR                                                55.22%          42.95%          42.31%           46.96%
    3 Months Avg CPR                                   48.15%          34.55%          35.31%           39.48%
    12 Months Avg CPR
    Avg CPR Since Cut-off                              50.85%          33.46%          35.24%           40.18%

    PSA                                              5680.07%        4418.22%        4209.39%         4773.51%
    3 Months Avg  PSA Approximation                  6246.52%        4467.07%        4377.02%         5034.61%
    12 Months Avg PSA Approximation
    Avg PSA Since Cut-off Approximation              7059.20%        4620.78%        4653.77%         5471.29%

---------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                                 Realized Loss Report - Collateral
------------------------------------------------------------------------------------------------------------------------------------

COLLATERAL REALIZED LOSSES                                                POOL III        POOL II          POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                       <C>             <C>              <C>               <C>
    Current
    Number of Loans Liquidated                                                     -              -               -               -
    Collateral Realized Loss/(Gain) Amount                                         -              -               -               -
    Net Liquidation Proceeds                                                       -              -               -               -

    Cumulative
    Number of Loans Liquidated                                                     -              -               -               -
    Collateral Realized Loss/(Gain) Amount                                         -              -               -               -
    Net Liquidation Proceeds                                                       -              -               -               -

    Note: Collateral realized losses may include adjustments to loans liquidated in prior periods.


    Cumulative Losses as % of Original Balance                                0.0000%        0.0000%         0.0000%         0.0000%

    Cumulative Losses as % of Current Balance                                 0.0000%        0.0000%         0.0000%         0.0000%

------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>

DEFAULT SPEEDS                                                            POOL III        POOL II          POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                       <C>             <C>              <C>               <C>
    MDR                                                                        0.00%           0.00%           0.00%          0.00%
    3 Months Avg MDR                                                           0.00%           0.00%           0.00%          0.00%
    12 Months Avg MDR
    Avg MDR Since Cut-off                                                      0.00%           0.00%           0.00%          0.00%

    CDR                                                                        0.00%           0.00%           0.00%          0.00%
    3 Months Avg CDR                                                           0.00%           0.00%           0.00%          0.00%
    12 Months Avg CDR
    Avg CDR Since Cut-off                                                      0.00%           0.00%           0.00%          0.00%

    SDA                                                                        0.00%           0.00%           0.00%          0.00%
    3 Months Avg SDA Approximation                                             0.00%           0.00%           0.00%          0.00%
    12 Months Avg SDA Approximation
    Avg SDA Since Cut-off Approximation                                        0.00%           0.00%           0.00%          0.00%

    Loss Severity Approximation for Current Period
    3 Months Avg Loss Severity Approximation
    12 Months Avg Loss Severity Approximation
    Avg Loss Severity Approximation Since Cut-off
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                  Realized Loss Detail Report - Loans Liquidated During Current Distribution
------------------------------------------------------------------------------------------------------------------------------------


SUMMARY                                                                  LOAN GROUP
---------------------------------------------------------                ----------------------------------------------------------
<S>                                                                      <C>
Total Loan Count = 0                                                     Loan Group 1    =    Pool I Group
Total Original Principal Balance = 0.00                                  Loan Group 2    =    Pool II Group
Total Prior Principal Balance = 0.00                                     Loan Group 3    =    Pool III Group
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
---------------------------------------------------------                ----------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
   Loan Number               Original         Prior                         Current       State &
        &          Loan     Principal       Principal        Realized        Note          LTV at         Original       Origination
    Loan Group     Status    Balance         Balance       Loss/(Gain)       Rate       Origination         Term            Date
-----------------------------------------------------------------------------------------------------------------------------------
                                                   SPACE INTENTIONALLY LEFT BLANK
<S>                <C>       <C>             <C>            <C>              <C>         <C>               <C>            <C>
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
                                        Triggers, Adj. Rate Cert. and Miscellaneous Report
-----------------------------------------------------------------------------------------------------------------------------------

TRIGGER EVENTS                                                              POOL III         POOL II          POOL I         TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                       <C>                <C>           <C>           <C>
    Servicer Event of Default                                                     No              No              No             No

    Insurer Default                                                               No              No              No             No

------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
ADJUSTABLE RATE CERTIFICATE INFORMATION                                     POOL III         POOL II          POOL I         TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                      <C>                 <C>           <C>           <C>

                                                   SPACE INTENTIONALLY LEFT BLANK

------------------------------------------------------------------------------------------------------------------------------------

ADDITIONAL INFORMATION                                                      POOL III         POOL II          POOL I          TOTAL
------------------------------------------------------------------------------------------------------------------------------------
    Detail Delinq. Breakdown to Supplement pages 11-13
    Number of Mort. Loans Delinq. 90 -119 days                                     2               -               1               3
    Balance of Mort. Loans Delinq. 90 -119 days                           143,540.00            0.00        9,777.26      153,317.26
    Number of Mort. Loans Delinq. 120 -149 days                                    -               -               -               -
    Balance of Mort. Loans Delinq. 120 -149 days                                0.00            0.00            0.00            0.00
    Number of Mort. Loans Delinq. 150 -179 days                                    1               -               -               1
    Balance of Mort. Loans Delinq. 150 -179 days                               40.00            0.00            0.00           40.00
    Number of Mort. Loans Delinq. 180 days or more                                 -               -               -               -
    Balance of Mort. Loans Delinq. 180 days or more                             0.00            0.00            0.00            0.00


    Management Fee Accrued and Unpaid                                         654.68          658.80          686.52        2,000.00
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>