<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>
<CAPTION>
ISSUANCE INFORMATION
-------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                                                    <C>                      <C>
     Seller:                 GreenPoint Mortgage                                    Cut-Off Date:            May 31, 2000
     Certificate Insurer:    AMBAC Assurance Corporation                            Closing Date:            June 29, 2000
     Servicer(s):            GreenPoint Mortgage - Master Servicer                  First Payment Date:      July 17, 2000

     Underwriter(s):         Greenwich Capital Markets, Inc.--Underwriter          Distribution Date:       January 16, 2001
                                                                                    Record Date:             January 15, 2001
                                                                                                             December 29, 2000
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

                   GreenPoint Home Equity Loan Trust 2000-1
                   Home Equity Loan Asset-Backed Securities
                                 Series 2000-1
         Certificate Payment Report for January 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   244,172,000.00  217,709,953.11   1,323,676.51   6,749,258.85   8,072,935.36        -           -  210,960,694.26

A-2    FLT,STEP   108,598,000.00   89,206,603.45     551,891.52   2,437,526.01   2,989,417.53        -           -   86,769,077.44
 R                             -               -              -              -              -        -           -               -

----------------------------------------------------------------------------------------------------------------------------------
Total             352,770,000.00  306,916,556.56   1,875,568.03   9,186,784.86  11,062,352.89        -           -  297,729,771.70
----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
Interest Accrual Detail              Current Period Factor Information per $1,000 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                      A-Act/360   3133TPCH0    244,172,000.00     891.625383     5.421082   27.641412     33.062494  863.983971
  A-2                      A-Act/360   395385AC1    108,598,000.00     821.438732     5.081968   22.445404     27.527372  798.993328
   R                               -                             -              -            -           -             -           -

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

<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  244,172,000.00  8,765,108.09  31,544,757.89  1,666,547.85  33,211,305.74  41,976,413.83        -           -  210,960,694.26
  A-2  108,598,000.00  3,765,786.80  21,203,348.31    625,574.25  21,828,922.56  25,594,709.36        -           -   86,769,077.44
   R                -             -              -             -              -              -        -           -               -
-----------------------------------------------------------------------------------------------------------------------------------
 Total 352,770,000.00 12,530,894.89  52,748,106.20  2,292,122.10  55,040,228.30  67,571,123.19        -           -  297,729,771.70
-----------------------------------------------------------------------------------------------------------------------------------

<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     6.84000%  217,709,953.11    1,323,676.51           -              -            -    1,323,676.51  1,323,676.51        -
  A-2     6.96000%   89,206,603.45      551,891.52           -              -            -      551,891.52     51,891.52        -
   R                             -               -           -              -            -               -             -        -

-----------------------------------------------------------------------------------------------------------------------------------
 Total              306,916,556.56    1,875,568.03           -              -            -    1,875,568.03  1,875,568.03        -
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------------
                                        Collection Account Report
----------------------------------------------------------------------------------------------------------------------


SUMMARY                                                                    POOL II        POOL I            TOTAL
----------------------------------------------------------------------------------------------------------------------
<S>                                                                     <C>             <C>               <C>
  Net Principal Collections                                             2,156,885.96    6,010,174.47      8,167,060.43

  TOTAL PRINCIPAL                                                       2,156,885.96    6,010,174.47      8,167,060.43

  Interest Collections                                                    846,255.93    2,105,328.30      2,951,584.23
  Interest Fees                                                           (13,724.36)     (42,567.41)       (56,291.77)

  TOTAL INTEREST                                                          832,531.57    2,062,760.89      2,895,292.46

  TOTAL AVAILABLE FUNDS                                                 2,989,417.53    8,072,935.36     11,062,352.89

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

<CAPTION>
PRINCIPAL - COLLECTIONS                                                    POOL II        POOL I            TOTAL
----------------------------------------------------------------------------------------------------------------------
<S>                                                                     <C>             <C>              <C>
  Principal Collections                                                 4,393,698.11    8,816,507.24     13,210,205.35
  Repurchases/Substitutions                                                     0.00            0.00              0.00
  Liquidations                                                                  0.00       16,128.31         16,128.31
  Insurance Principal                                                           0.00            0.00              0.00
  Liquidation Loss Amounts                                                      0.00      (16,128.31)       (16,128.31)
  Additional Balances                                                  (2,236,812.15)  (2,806,332.77)    (5,043,144.92)

  TOTAL PRINCIPAL COLLECTED                                             2,156,885.96    6,010,174.47      8,167,060.43

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

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

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

<CAPTION>
INTEREST - COLLECTIONS                                                     POOL II        POOL I            TOTAL
----------------------------------------------------------------------------------------------------------------------
<S>                                                                       <C>           <C>               <C>
  Interest Collections                                                    883,890.63    2,197,082.98      3,080,973.61
  Repurchases/Substitutions                                                     0.00            0.00              0.00
  Liquidations                                                                  0.00          181.44            181.44
  Insurance Interest                                                            0.00            0.00              0.00
  Other Additional Interest                                                     0.00            0.00              0.00
  Current Servicing Fee                                                   (37,634.70)     (91,936.12)      (129,570.82)

  TOTAL INTEREST                                                          846,255.93    2,105,328.30      2,951,584.23

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

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

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

<CAPTION>
INTEREST - FEES                                                            POOL II        POOL I            TOTAL
--------------------------------------------------------------------------------------------------------------------
<S>                                                                      <C>             <C>               <C>
  Trustee Fee                                                               715.06        1,746.79          2,461.85
  Certificate Insurer Premium                                            13,009.30       31,749.37         44,758.67
  Guarantee Fee                                                               0.00        9,071.25          9,071.25
  Management Fee                                                              0.00            0.00              0.00

  TOTAL INTEREST  FEES                                                   13,724.36       42,567.41         56,291.77

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

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
                                                     Credit Enhancement Report
-------------------------------------------------------------------------------------------------------------------------------


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

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

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

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

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

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

<CAPTION>
STRUCTURAL FEATURES                                                                   POOL II          POOL I            TOTAL
-------------------------------------------------------------------------------------------------------------------------------
<S>                                                                              <C>             <C>             <C>
  Pool Delinquency Rate                                                                1.7604%         0.7547%
  Rolling Six-month Pool Delinquency Rate                                              0.9146%         0.4820%

  Prior Overcollateralization Amount                                             1,116,687.83    2,936,735.65     4,053,423.48
  Specified Overcollateralization Amount                                         2,425,281.26    5,452,977.96     7,878,259.22
  Overcollateralization Amount                                                   1,397,327.88    3,659,691.72     5,057,019.60
  Overcollateralization Deficiency Amount                                        1,027,953.38    1,793,286.24     2,821,239.62

  Overcollateralization Deficit                                                          0.00            0.00             0.00
  Overcollateralization Reduction Amount                                                 0.00            0.00             0.00
  Step-Up Overcollateralization Amount                                           5,389,513.91   12,117,728.81    17,507,242.71

  Current Accelerated Principal Payment                                            280,640.05      739,084.38     1,019,724.43
  Cumulative Accelerated Principal Payment                                       2,205,049.76    5,493,243.88     7,698,293.64

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

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

COLLATERAL                                                                     POOL II          POOL I             TOTAL
-------------------------------------------------------------------------------------------------------------------------
<S>                                                                     <C>             <C>               <C>
     Loan Count:
   Original                                                                       1258            5996              7254
   Prior                                                                         1,055           5,331             6,386
   Prefunding                                                                        -               -                 -
   Scheduled Paid Offs                                                               -               -                 -
   Full Voluntary Prepayments                                                      (31)           (142)             (173)
   Repurchases                                                                       -               -                 -
   Liquidations                                                                      -              (1)               (1)
-------------------------------------------------------------------------------------------------------------------------
   Current                                                                       1,024           5,188             6,212

   Principal Balance:
   Original                                                             107,790,278.12  242,354,576.15    350,144,854.27
   Prior                                                                 90,323,291.28  220,646,688.76    310,969,980.04
   Prefunding                                                                        -               -                 -
   Scheduled Principal                                                      (53,998.55)    (146,955.85)      (200,954.40)
   Partial and Full Voluntary Prepayments                                (4,339,699.56)  (8,669,551.39)   (13,009,250.95)
   Repurchases                                                                       -               -                 -
-------------------------------------------------------------------------------------------------------------------------
   Liquidations                                                                      -      (16,128.31)       (16,128.31)
   Current                                                               88,166,405.32  214,620,385.98    302,786,791.30

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

<CAPTION>
PREFUNDING                                                                     POOL II          POOL I             TOTAL
-------------------------------------------------------------------------------------------------------------------------
                                        SPACE INTENTIONALLY LEFT BLANK
<S>                                     <C>                                    <C>              <C>                <C>
-------------------------------------------------------------------------------------------------------------------------

<CAPTION>
CHARACTERISTICS                                                                POOL II          POOL I             TOTAL
-------------------------------------------------------------------------------------------------------------------------
<S>                                                                          <C>             <C>               <C>
  Weighted Average Coupon Original                                            9.377874%       9.394264%         9.389218%
  Weighted Average Coupon Prior                                              12.046900%      12.100360%        12.084866%
  Weighted Average Coupon Current                                            12.020190%      12.078330%        12.061443%
-------------------------------------------------------------------------------------------------------------------------
  Weighted Average Months to Maturity Original                                     200             204               203
  Weighted Average Months to Maturity Prior                                        195             199               198
  Weighted Average Months to Maturity Current                                      195             199               198
-------------------------------------------------------------------------------------------------------------------------
  Weighted Avg Remaining Amortization Term Original                                208             205               206
  Weighted Avg Remaining Amortization Term Prior                                   203             201               201
  Weighted Avg Remaining Amortization Term Current                                 202             200               201
-------------------------------------------------------------------------------------------------------------------------
  Weighted Average Seasoning Original                                             2.71            2.76              2.74
  Weighted Average Seasoning Prior                                                7.67            7.72              7.71
  Weighted Average Seasoning Current                                              8.65            8.70              8.68

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

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

<TABLE>
<CAPTION>
ARM CHARACTERISTICS                                                                POOL II          POOL I           TOTAL
---------------------------------------------------------------------------------------------------------------------------
<S>                                                                                <C>              <C>              <C>
  Weighted Average Margin Original                                                   2.380%          2.530%
  Weighted Average Margin Prior                                                      2.364%          2.458%
  Weighted Average Margin Current                                                    2.357%          2.447%
---------------------------------------------------------------------------------------------------------------------------
  Weighted Average Max Rate Original                                                17.181%         17.075%
  Weighted Average Max Rate Prior                                                   17.153%         17.077%
  Weighted Average Max Rate Current                                                 17.144%         17.072%
---------------------------------------------------------------------------------------------------------------------------
  Weighted Average Min Rate Original                                                 3.686%          3.918%
  Weighted Average Min Rate Prior                                                    3.721%          3.840%
  Weighted Average Min Rate Current                                                  3.731%          3.838%
---------------------------------------------------------------------------------------------------------------------------
  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
---------------------------------------------------------------------------------------------------------------------------
Note:  Original information refers to deal issue.

<CAPTION>

SERVICING FEES / ADVANCES                                                          POOL II          POOL I           TOTAL
---------------------------------------------------------------------------------------------------------------------------
<S>                                                                              <C>             <C>            <C>
  TOTAL SERVICING FEE                                                            37,634.70       91,936.12      129,570.82

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

<CAPTION>
ADDITIONAL COLLATERAL INFORMATION                                                  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>
DELINQUENT     Balance                                          3,559,065.89      872,866.82      117,443.17      4,549,375.88
               % Balance                                                1.18%           0.29%           0.04%             1.50%
               # Loans                                                    69              15               4                88
               % # Loans                                                1.11%           0.24%           0.06%             1.42%
----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE    Balance                                  -                  -               -    2,037,057.49      2,037,057.49
               % Balance                             0.00%              0.00%           0.00%           0.67%             0.67%
               # Loans                                  -                  -               -              25                25
               % # Loans                             0.00%              0.00%           0.00%           0.40%             0.40%
----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY     Balance                         259,167.00          68,605.88               -      144,407.35        472,180.23
               % Balance                             0.09%              0.02%           0.00%           0.05%             0.16%
               # Loans                                  8                  2               -               3                13
               % # Loans                             0.13%              0.03%           0.00%           0.05%             0.21%
----------------------------------------------------------------------------------------------------------------------------------
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                         259,167.00       3,627,671.77      872,866.82    2,298,908.01      7,058,613.60
               % Balance                             0.09%              1.20%           0.29%           0.76%             2.33%
               # Loans                                  8                 71              15              32               126
               % # Loans                             0.13%              1.14%           0.24%           0.52%             2.03%
----------------------------------------------------------------------------------------------------------------------------------
Note:  Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+

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

                                                  CURRENT          1 PAYMENT       2  PAYMTS      3+  PAYMTS             TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S>                                            <C>              <C>               <C>           <C>               <C>
DELINQUENT     Balance                                          2,360,637.80      501,113.47      117,443.17      2,979,194.44
               % Balance                                                1.10%           0.23%           0.05%             1.39%
               # Loans                                                    59              12               4                75
               % # Loans                                                1.14%           0.23%           0.08%             1.45%
----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE    Balance                                  -                  -               -      856,749.16        856,749.16
               % Balance                             0.00%              0.00%           0.00%           0.40%             0.40%
               # Loans                                  -                  -               -              18                18
               % # Loans                             0.00%              0.00%           0.00%           0.35%             0.35%
----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY     Balance                         249,240.32          68,605.88               -      144,407.35        462,253.55
               % Balance                             0.12%              0.03%           0.00%           0.07%             0.22%
               # Loans                                  7                  2               -               3                12
               % # Loans                             0.13%              0.04%           0.00%           0.06%             0.23%
----------------------------------------------------------------------------------------------------------------------------------
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                         249,240.32       2,429,243.68      501,113.47    1,118,599.68      4,298,197.15
               % Balance                             0.12%              1.13%           0.23%           0.52%             2.00%
               # Loans                                  7                 61              12              25               105
               % # Loans                             0.13%              1.18%           0.23%           0.48%             2.02%
----------------------------------------------------------------------------------------------------------------------------------
Note:  Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
</TABLE>
<PAGE>

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


                                                      CURRENT          1 PAYMENT        2  PAYMTS      3+  PAYMTS            TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                  <C>            <C>                <C>           <C>               <C>
DELINQUENT     Balance                                              1,198,428.09       371,753.35               -      1,570,181.44
               % Balance                                                    1.36%            0.42%           0.00%             1.78%
               # Loans                                                        10                3               -                13
               % # Loans                                                    0.98%            0.29%           0.00%             1.27%
-----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE    Balance                                      -                  -                -    1,180,308.33      1,180,308.33
               % Balance                                 0.00%              0.00%            0.00%           1.34%             1.34%
               # Loans                                      -                  -                -               7                 7
               % # Loans                                 0.00%              0.00%            0.00%           0.68%             0.68%
-----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY     Balance                               9,926.68                  -                -               -          9,926.68
               % Balance                                 0.01%              0.00%            0.00%           0.00%             0.01%
               # Loans                                      1                  -                -               -                 1
               % # Loans                                 0.10%              0.00%            0.00%           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                               9,926.68       1,198,428.09       371,753.35    1,180,308.33      2,760,416.45
               % Balance                                 0.01%              1.36%            0.42%           1.34%             3.13%
               # Loans                                      1                 10                3               7                21
               % # Loans                                 0.10%              0.98%            0.29%           0.68%             2.05%
-----------------------------------------------------------------------------------------------------------------------------------
Note:  Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
</TABLE>
<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
REO Book Value =   000.00
----------------------------------------------------------------------------------------------------------------------------------
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.

<CAPTION>
----------------------------------------------------------------------------------------------------------------------------------
  Loan Number        Original          Stated                          Current          State &

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

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

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

VOLUNTARY PREPAYMENTS                                                         POOL II             POOL I                TOTAL
------------------------------------------------------------------------------------------------------------------------------
<S>                                                                     <C>                <C>                  <C>
  Current
  Number of Paid in Full Loans                                                     31                142                  173
  Number of Repurchased Loans                                                       -                  -                    -
------------------------------------------------------------------------------------------------------------------------------
  Total Number of Loans Prepaid in Full                                            31                142                  173

  Paid in Full Balance                                                   3,142,264.07       6,858,200.24        10,000,464.31
  Repurchased Loans Balance                                                         -                  -                    -
  Curtailments Amount                                                    1,197,435.49       1,811,351.15         3,008,786.64
------------------------------------------------------------------------------------------------------------------------------
  Total Prepayment Amount                                                4,339,699.56       8,669,551.39        13,009,250.95

  Cumulative
  Number of Paid in Full Loans                                                    236                808                1,044
  Number of Repurchased Loans                                                       -                  -                    -
------------------------------------------------------------------------------------------------------------------------------
  Total Number of Loans Prepaid in Full                                           236                808                1,044

  Paid in Full Balance                                                  24,545,033.37      39,254,499.52        63,799,532.89
  Repurchased Loans Balance                                                         -                  -                    -
  Curtailments Amount                                                   14,355,551.38      18,389,101.02        32,744,652.40
------------------------------------------------------------------------------------------------------------------------------
  Total Prepayment Amount                                               38,900,584.75      57,643,600.54        96,544,185.29

                                           SPACE INTENTIONALLY LEFT BLANK

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

<CAPTION>
VOLUNTARY PREPAYMENT RATES                                                    POOL II             POOL I                TOTAL
------------------------------------------------------------------------------------------------------------------------------
<S>                                                                           <C>                <C>                  <C>
  SMM                                                                            4.81%              3.93%                4.19%
  3 Months Avg SMM                                                               4.63%              3.76%                4.01%
  12 Months Avg SMM
  Avg SMM Since Cut-off                                                          5.60%              3.54%                4.16%

  CPR                                                                           44.64%             38.20%               40.14%
  3 Months Avg CPR                                                              43.37%             36.84%               38.80%
  12 Months Avg CPR
  Avg CPR Since Cut-off                                                         49.91%             35.12%               39.92%

  PSA                                                                         2580.85%           2195.91%             2311.13%
  3 Months Avg  PSA Approximation                                             2828.56%           2387.08%             2519.08%
  12 Months Avg PSA Approximation
  Avg PSA Since Cut-off Approximation                                         4379.12%           3064.31%             3488.32%

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

PREPAYMENT CALCULATION METHODOLOGY
--------------------------------------------------------------------------------
  Single Monthly Mortality (SMM): (Voluntary partial and full prepayments +
  Repurchases)/(Beg Principal Balance - Sched Principal)

  Conditional Prepayment Rate (CPR): 1-((1-SMM) 12)

  PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))

  Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn)
  * (1-SMMn+1) *.......*(1-SMMm)] (1/months in period n,m)

  Average CPR over period between the nth month and mth month (AvgCPRn,m):
  1-((1-AvgSMMn,m) 12)

  Average PSA Approximation over period between the nth month and mth month:
  AvgCPRn,m/(0.02*Avg WASn,m))

  Average WASn,m: (min(30,WASn)+min(30,WASn+1)+......+min(30,WASm)/(number of
  months in the period n,m)

  Weighted Average Seasoning (WAS)


  Note:  Prepayment rates are calculated since deal issue date and include
         partial and full voluntary prepayments and repurchases.
         Dates correspond to distribution dates.
--------------------------------------------------------------------------------
<PAGE>

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

COLLATERAL REALIZED LOSSES                                                                           POOL II      POOL I      TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                  <C>       <C>        <C>
  Current
  Number of Loans Liquidated                                                                               -           1          1
  Collateral Realized Loss/(Gain) Amount                                                                   -   16,128.31  16,128.31
  Net Liquidation Proceeds                                                                                 -           -          -

  Cumulative
  Number of Loans Liquidated                                                                               -           1          1
  Collateral Realized Loss/(Gain) Amount                                                                   -   16,128.31  16,128.31
  Net Liquidation Proceeds                                                                                 -           -          -

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


  Cumulative Losses as % of Original Balance                                                          0.0000%     0.0067%    0.0046%

  Cumulative Losses as % of Current Balance                                                           0.0000%     0.0075%    0.0053%

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

<CAPTION>
DEFAULT SPEEDS                                                                                       POOL II      POOL I      TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                  <C>          <C>        <C>
  MDR                                                                                                   0.00%       0.01%      0.01%
  3 Months Avg MDR                                                                                      0.00%       0.00%      0.00%
  12 Months Avg MDR
  Avg MDR Since Cut-off                                                                                 0.00%       0.00%      0.00%

  CDR                                                                                                   0.00%       0.09%      0.06%
  3 Months Avg CDR                                                                                      0.00%       0.03%      0.02%
  12 Months Avg CDR
  Avg CDR Since Cut-off                                                                                 0.00%       0.01%      0.01%

  SDA                                                                                                   0.00%       0.50%      0.36%
  3 Months Avg SDA Approximation                                                                        0.00%       0.19%      0.13%
  12 Months Avg SDA Approximation
  Avg SDA Since Cut-off Approximation                                                                   0.00%       0.11%      0.08%

  Loss Severity Approximation for Current Period                                                                  100.00%    100.00%
  3 Months Avg Loss Severity Approximation                                                                        100.00%    100.00%
  12 Months Avg Loss Severity Approximation
  Avg Loss Severity Approximation Since Cut-off                                                                   100.00%    100.00%

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

COLLATERAL REALIZED LOSS  CALCULATION METHODOLOGY
--------------------------------------------------------------------------------
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total
Beg Principal Balance)

Conditional Default Rate (CDR): 1-((1-MDR) 12)

SDA Standard Default Assumption:
CDR/IF(WAS**61,MIN(30,WAS)*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60)))

Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) *
(1-MDRn+1) *"".*(1-MDRm)] (1/months in period n,m)

Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-
AvgMDRn,m) 12)

Average SDA Approximation over period between the nth month and mth month:

AvgCDRn,m/IF(Avg WASn,m**61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg
WASn,m)*0.02-0.0095*(Avg WASn,m-60)))

Average WASn,m: (WASn + WASn+1 +"".+ WASm )/(number of months in the period n,m)

Loss Severity Approximation for current period: sum(Realized Loss
Amount)/sum(Beg Principal Balance of Liquidated Loans)

Average Loss Severity Approximation over period between nth month and mth month:
Avg(Loss Severityn,m)

Note: Default rates are calculated since deal issue date and include realized
gains and additional realized losses and gains from prior periods.

      Dates correspond to distribution dates.
--------------------------------------------------------------------------------
<PAGE>

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

SUMMARY                                                                  LOAN GROUP
---------------------------------------------------------                ----------------------------------------------------------
<S>                                                                      <C>
  Total Loan Count =   1                                                 Loan Group 1    =    Pool I Group
  Total Original Principal Balance =   16,500.00                         Loan Group 2    =    Pool II Group
  Total Prior Principal Balance =  16,128.31
  Total Realized Loss Amount =  16,128.31
  Total Net Liquidation Proceeds =   0.00
---------------------------------------------------------                ----------------------------------------------------------

<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
-----------------------------------------------------------------------------------------------------------------------------------
<S>              <C>       <C>             <C>             <C>             <C>          <C>               <C>           <C>
  100283720 1              16,500.00       16,128.31       16,128.31       13.500%      KS  -  95.00%        180        Dec-22-99
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

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

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

  Insurer Default                                                                                No           No               No

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

<CAPTION>
ADJUSTABLE RATE CERTIFICATE INFORMATION                                                     POOL II       POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
                                                  SPACE INTENTIONALLY LEFT BLANK
<S>                                                                                         <C>           <C>               <C>

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

<CAPTION>
ADDITIONAL INFORMATION                                                                      POOL II       POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                        <C>         <C>              <C>
  Detail Delinq. Breakdown to Supplement pages 11-13
  Number of Mort. Loans Delinq. 90 -119 days                                                      -            2                2
  Balance of Mort. Loans Delinq. 90 -119 days                                                  0.00    36,550.17        36,550.17
  Number of Mort. Loans Delinq. 120 -149 days                                                     -            2                2
  Balance of Mort. Loans Delinq. 120 -149 days                                                 0.00    80,893.00        80,893.00
  Number of Mort. Loans Delinq. 150 -179 days                                                     -            -                -
  Balance of Mort. Loans Delinq. 150 -179 days                                                 0.00         0.00             0.00
  Number of Mort. Loans Delinq. 180 days or more                                                  -            -                -
  Balance of Mort. Loans Delinq. 180 days or more                                              0.00         0.00             0.00

  Management Fee Accrued and Unpaid                                                        1,077.44     2,422.56         3,500.00

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