<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:         January 16, 2001
                                                                              Record Date:               January 12, 2001
----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

                   GreenPoint Home Equity Loan Trust 2000-3
                     Home Equity Loan Asset-Backed Notes
                                Series 2000-3
         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  102,736,000.00  102,736,000.00    571,765.08    295,103.63     866,868.71         -          -    102,440,896.37
  A-2    FLT,STEP   98,584,000.00   98,584,000.00    548,657.61    500,584.59   1,049,242.20         -          -     98,083,415.41
  A-3    FLT,STEP   97,966,000.00   97,966,000.00    546,007.38  2,546,532.00   3,092,539.38         -          -     95,419,468.00
   S                            -               -             -             -              -         -          -                 -
   R                            -               -             -             -              -         -          -                 -
------------------------------------------------------------------------------------------------------------------------------------
Total              299,286,000.00  299,286,000.00  1,666,430.07  3,342,220.22   5,008,650.29         -          -    295,943,779.78
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>


<TABLE>
<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    12/18/00   01/15/01   A-Act/360   395385AF4  102,736,000.00   1,000.000000    5.565382    2.872446    8.437828  997.127554
  A-2    12/18/00   01/15/01   A-Act/360   395385AG2   98,584,000.00   1,000.000000    5.565382    5.077747   10.643129  994.922253
  A-3    12/18/00   01/15/01   A-Act/360   395385AH0   97,966,000.00   1,000.000000    5.573438   25.994039   31.567476  974.005961
   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    571,765.08     29,528.97   265,574.66      295,103.63     866,868.71        -          -    102,440,896.37
 A-2     98,584,000.00    548,657.61    214,898.09   285,686.50      500,584.59   1,049,242.20        -          -     98,083,415.41
 A-3     97,966,000.00    546,007.38  2,318,931.06   227,600.94    2,546,532.00   3,092,539.38        -          -     95,419,468.00
  S                  -             -             -            -               -              -        -          -                 -
  R                  -             -             -            -               -              -        -          -                 -
------------------------------------------------------------------------------------------------------------------------------------
Total   299,286,000.00  1,666,430.07  2,563,358.12   778,862.10    3,342,220.22   5,008,650.29        -          -    295,943,779.78
------------------------------------------------------------------------------------------------------------------------------------
</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       6.90875%  102,736,000.00     571,765.08       -            -           -         571,765.08     571,765.08           -
  A-2       6.90875%   98,584,000.00     548,657.61       -            -           -         548,657.61     548,657.61           -
  A-3       6.91875%   97,966,000.00     546,007.38       -            -           -         546,007.38     546,007.38           -
   S                               -              -       -            -           -                  -              -           -
   R                               -              -       -            -           -                  -              -           -
------------------------------------------------------------------------------------------------------------------------------------
Total                 299,286,000.00   1,666,430.07       -            -           -       1,666,430.07   1,666,430.07           -
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

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

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

<TABLE>
<CAPTION>
SUMMARY                                                                  POOL III         POOL II          POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                 <C>             <C>             <C>             <C>
  Net Principal Collections                                          2,567,150.01      499,031.48      238,975.08     3,305,156.57

  TOTAL PRINCIPAL                                                    2,567,150.01      499,031.48      238,975.08     3,305,156.57

  Interest Collections                                                 539,707.51      564,911.30      643,245.44     1,747,864.25
  Interest Fees                                                        (14,318.14)     (14,700.58)     (15,351.81)      (44,370.53)

  TOTAL INTEREST                                                       525,389.37      550,210.72      627,893.63     1,703,493.72

  TOTAL AVAILABLE FUNDS                                              3,092,539.38    1,049,242.20      866,868.71     5,008,650.29

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

PRINCIPAL - COLLECTIONS                                                  POOL III         POOL II          POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------------------------

  Principal Collections                                              6,932,511.24    3,117,146.32    3,811,172.43    13,860,829.99
  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                                               (4,365,361.23)  (2,618,114.84)  (3,572,197.35)  (10,555,673.42)

  TOTAL PRINCIPAL COLLECTED                                          2,567,150.01      499,031.48      238,975.08     3,305,156.57

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

PRINCIPAL - WITHDRAWALS                                                  POOL III         POOL II          POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
                                                  SPACE INTENTIONALLY LEFT BLANK



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

PRINCIPAL - OTHER ACCOUNTS                                               POOL III         POOL II          POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
                                                  SPACE INTENTIONALLY LEFT BLANK



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

INTEREST - COLLECTIONS                                                   POOL III         POOL II          POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------------------------

  Interest Collections                                                 579,726.64      605,182.91      685,212.90     1,870,122.45
  Repurchases/Substitutions                                                  0.00            0.00            0.00             0.00
  Liquidations                                                               0.00            0.00            0.00             0.00
  Insurance                                                                  0.00            0.00            0.00             0.00
  Interest
  Other Additional Interest                                                  0.00            0.00            0.00             0.00
  Current Servicing Fee                                                (40,019.13)     (40,271.61)     (41,967.46)     (122,258.20)

  TOTAL INTEREST                                                       539,707.51      564,911.30      643,245.44     1,747,864.25

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

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



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

INTEREST - OTHER ACCOUNTS                                                POOL III         POOL II          POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
                                                  SPACE INTENTIONALLY LEFT BLANK



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

INTEREST - FEES                                                          POOL III         POOL II          POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------------------------

    Trustee Fee                                                            800.38          805.43          839.35         2,445.16
    Certificate Insurer Premium                                         13,517.76       13,895.15       14,512.46        41,925.37
    Management Fee                                                           0.00            0.00            0.00             0.00

    TOTAL INTEREST  FEES                                                14,318.14       14,700.58       15,351.81        44,370.53

-----------------------------------------------------------------------------------------------------------------------------------
</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

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


INSURANCE                                                          POOL III         POOL II          POOL I            TOTAL
----------------------------------------------------------------------------------------------------------------------------

  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

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


STRUCTURAL FEATURES                                                POOL III         POOL II          POOL I            TOTAL
----------------------------------------------------------------------------------------------------------------------------

  Pool Delinquency Rate                                              0.2140%         0.1179%         0.1530%
  Rolling Six-month Pool Delinquency Rate                            0.2140%         0.1179%         0.1530%

  Prior Overcollateralization Amount                                   0.00            0.00            0.00             0.00
  Specified Overcollateralization Amount                       2,161,032.93    2,174,666.96    2,266,243.04     6,601,942.94
  Overcollateralization Amount                                         0.00            0.00            0.00             0.00
  Overcollateralization Deficiency Amount                      2,161,032.93    2,174,666.96    2,266,243.04     6,601,942.94

  Overcollateralization Deficit                                1,940,709.94    1,930,581.88    1,957,958.46     5,829,250.28
  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                                                                   -              -               -                -
    Prefunding                                                              -              -               -                -
    Scheduled Paid Offs                                                     -              -               -                -
    Full Voluntary Prepayments                                            (17)           (25)            (43)             (85)
    Repurchases                                                             -              -               -                -
    Liquidations                                                            -              -               -                -
-----------------------------------------------------------------------------------------------------------------------------
    Current                                                               566          2,163           2,621            5,350

    Principal Balance:
    Original                                                    96,045,908.07  96,651,865.01  100,721,912.99   293,419,686.07
    Prior                                                                   -             -                -                -
    Prefunding                                                   4,365,361.23   2,618,114.84    3,572,197.35    10,555,673.42
    Scheduled Principal                                          (227 ,600.94)   (285,686.50)    (265,574.66)     (778,862.10)
    Partial and Full Voluntary Prepayments                     (6,704 ,910.30) (2,831,459.82)  (3,545,597.77)  (13,081,967.89)
    Repurchases                                                             -              -               -                -
-----------------------------------------------------------------------------------------------------------------------------
    Liquidations                                                            -              -               -                -
    Current                                                     93,478,758.06  96,152,833.53  100,482,937.91   290,114,529.50
-----------------------------------------------------------------------------------------------------------------------------

PREFUNDING                                                          POOL III        POOL II          POOL I             TOTAL
-----------------------------------------------------------------------------------------------------------------------------
                                                  SPACE INTENTIONALLY LEFT BLANK


-----------------------------------------------------------------------------------------------------------------------------
CHARACTERISTICS                                                     POOL III        POOL II          POOL I             TOTAL
-----------------------------------------------------------------------------------------------------------------------------
    Weighted Average Coupon Original                                7 .491710%      7.985425%       8.355685%        7.950915%
    Weighted Average Coupon Prior
    Weighted Average Coupon Current                                 7 .491710%      7.985425%       8.355685%        7.950915%
-----------------------------------------------------------------------------------------------------------------------------
    Weighted Average Months to Maturity Original                          194            199             197              197
    Weighted Average Months to Maturity Prior                               -              -               -                -
    Weighted Average Months to Maturity Current                           194            199             197              197
-----------------------------------------------------------------------------------------------------------------------------
    Weighted Avg Remaining Amortization Term Original                     200            214             208              207
    Weighted Avg Remaining Amortization Term Prior                          -              -               -                -
    Weighted Avg Remaining Amortization Term Current                      200            214             208              207
-----------------------------------------------------------------------------------------------------------------------------
    Weighted Average Seasoning Original                                  2.84           2.88            3.04             2.93
    Weighted Average Seasoning Prior                                        -              -               -                -
    Weighted Average Seasoning Current                                   2.84           2.88            3.04             2.93
-----------------------------------------------------------------------------------------------------------------------------
</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
    Weighted Average Margin Current                        2.966%          2.411%          2.558%
    -------------------------------------------------------------------------------------------------------------
    Weighted Average Max Rate Original                    17.703%         17.039%         17.227%
    Weighted Average Max Rate Prior
    Weighted Average Max Rate Current                     17.703%         17.039%         17.227%
    -------------------------------------------------------------------------------------------------------------
    Weighted Average Min Rate Original                     6.606%          7.182%          7.837%
    Weighted Average Min Rate Prior
    Weighted Average Min Rate Current                      6.606%          7.182%          7.837%
    -------------------------------------------------------------------------------------------------------------
    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

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

<CAPTION>
SERVICING FEES / ADVANCES                               POOL III         POOL II          POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------
<S>                                                    <C>              <C>              <C>               <C>
    TOTAL SERVICING FEE                                40,019.13       40,271.61       41,967.46       122,258.20

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

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


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

--------------------------------------------------------------------------------
                          Delinquency Report - Total

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

<TABLE>
<CAPTION>
                                                           CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS            TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                        <C>        <C>              <C>              <C>            <C>
DELINQUENT           Balance                                          4,063,084.95      467,097.09               -     4,530,182.04
                     % Balance                                                1.40%           0.16%           0.00%            1.56%
                     # Loans                                                    66               7               -               73
                     % # Loans                                                1.23%           0.13%           0.00%            1.36%
-----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE          Balance                                     -               -               -               -                -
                     % Balance                                0.00%           0.00%           0.00%           0.00%            0.00%
                     # Loans                                     -               -               -               -                -
                     % # Loans                                0.00%           0.00%           0.00%           0.00%            0.00%
-----------------------------------------------------------------------------------------------------------------------------------
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                                     -    4,063,084.95      467,097.09               -     4,530,182.04
                     % Balance                                0.00%           1.40%           0.16%           0.00%            1.56%
                     # Loans                                     -              66               7               -               73
                     % # Loans                                0.00%           1.23%           0.13%           0.00%            1.36%
-----------------------------------------------------------------------------------------------------------------------------------
Note:  Current = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
</TABLE>

--------------------------------------------------------------------------------
                       Delinquency Report - Pool I Group

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

<TABLE>
<CAPTION>
                                                           CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS            TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                       <C>         <C>               <C>            <C>             <C>
DELINQUENT           Balance                                          1,174,218.58      153,697.09               -     1,327,915.67
                     % Balance                                                1.17%           0.15%           0.00%            1.32%
                     # Loans                                                    33               3               -               36
                     % # Loans                                                1.26%           0.11%           0.00%            1.37%
-----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE          Balance                                     -               -               -               -                -
                     % Balance                                0.00%           0.00%           0.00%           0.00%            0.00%
                     # Loans                                     -               -               -               -                -
                     % # Loans                                0.00%           0.00%           0.00%           0.00%            0.00%
-----------------------------------------------------------------------------------------------------------------------------------
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                                     -    1,174,218.58      153,697.09               -     1,327,915.67
                     % Balance                                0.00%           1.17%           0.15%           0.00%            1.32%
                     # Loans                                     -              33               3               -               36
                     % # Loans                                0.00%           1.26%           0.11%           0.00%            1.37%
-----------------------------------------------------------------------------------------------------------------------------------
Note:  Current = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
</TABLE>

<PAGE>

--------------------------------------------------------------------------------
                      Delinquency Report - Pool II Group
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                           CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                  <C>                                   <C>        <C>               <C>                   <C>      <C>
DELINQUENT           Balance                                          1,034,019.30      113,400.00               -     1,147,419.30
                     % Balance                                                1.08%           0.12%           0.00%            1.19%
                     # Loans                                                    25               3               -               28
                     % # Loans                                                1.16%           0.14%           0.00%            1.29%
------------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE          Balance                                     -               -               -               -                -
                     % Balance                                0.00%           0.00%           0.00%           0.00%            0.00%
                     # Loans                                     -               -               -               -                -
                     % # Loans                                0.00%           0.00%           0.00%           0.00%            0.00%
------------------------------------------------------------------------------------------------------------------------------------
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                                     -    1,034,019.30      113,400.00               -     1,147,419.30
                     % Balance                                0.00%           1.08%           0.12%           0.00%            1.19%
                     # Loans                                     -              25               3               -               28
                     % # Loans                                0.00%           1.16%           0.14%           0.00%            1.29%
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

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


--------------------------------------------------------------------------------
                      Delinquency Report - Pool III Group
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                           CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                  <C>                                   <C>        <C>               <C>                   <C>      <C>
DELINQUENT           Balance                                          1,854,847.07      200,000.00               -     2,054,847.07
                     % Balance                                                1.98%           0.21%           0.00%            2.20%
                     # Loans                                                     8               1               -                9
                     % # Loans                                                1.41%           0.18%           0.00%            1.59%
------------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE          Balance                                     -               -               -               -                -
                     % Balance                                0.00%           0.00%           0.00%           0.00%            0.00%
                     # Loans                                     -               -               -               -                -
                     % # Loans                                0.00%           0.00%           0.00%           0.00%            0.00%
------------------------------------------------------------------------------------------------------------------------------------
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                                     -    1,854,847.07      200,000.00               -     2,054,847.07
                     % Balance                                0.00%           1.98%           0.21%           0.00%            2.20%
                     # Loans                                     -               8               1               -                9
                     % # Loans                                0.00%           1.41%           0.18%           0.00%            1.59%
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

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

--------------------------------------------------------------------------------
    REO Report - Mortgage Loans that Become REO During Current Distribution
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
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                               Loan Group 3  =  Pool III Group;   REO Book Value  =  000.00
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

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

<TABLE>
<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>

--------------------------------------------------------------------------------
                    Prepayment Report - Voluntary Prepayments
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
VOLUNTARY PREPAYMENTS                                                      POOL III         POOL II          POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                    <C>             <C>             <C>              <C>
    Current
    Number of Paid in Full Loans                                                 17              25              43               85
    Number of Repurchased Loans                                                   -               -               -                -
    --------------------------------------------------------------------------------------------------------------------------------
    Total Number of Loans Prepaid in Full                                        17              25              43               85

    Paid in Full Balance                                               3,760,760.10    1,459,705.66    1,834,850.37     7,055,316.13
    Repurchased Loans Balance                                                     -               -               -                -
    Curtailments Amount                                                2,944,150.20    1,371,754.16    1,710,747.40     6,026,651.76
    --------------------------------------------------------------------------------------------------------------------------------
    Total Prepayment Amount                                            6,704,910.30    2,831,459.82    3,545,597.77    13,081,967.89

    Cumulative
    Number of Paid in Full Loans                                                 17              25              43               85
    Number of Repurchased Loans                                                   -               -               -                -
    --------------------------------------------------------------------------------------------------------------------------------
    Total Number of Loans Prepaid in Full                                        17              25              43               85

    Paid in Full Balance                                               3,760,760.10    1,459,705.66    1,834,850.37     7,055,316.13
    Repurchased Loans Balance                                                     -               -               -                -
    Curtailments Amount                                                2,944,150.20    1,371,754.16    1,710,747.40     6,026,651.76
    --------------------------------------------------------------------------------------------------------------------------------
    Total Prepayment Amount                                            6,704,910.30    2,831,459.82    3,545,597.77    13,081,967.89

                                                  SPACE INTENTIONALLY LEFT BLANK

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


<TABLE>
<CAPTION>
VOLUNTARY PREPAYMENT RATES                                                 POOL III         POOL II          POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                       <C>              <C>             <C>              <C>
    SMM                                                                       7.00%           2.94%           3.53%            4.47%
    3 Months Avg SMM
    12 Months Avg SMM
    Avg SMM Since Cut-off                                                     7.00%           2.94%           3.53%            4.47%

    CPR                                                                      58.13%          30.08%          35.03%           42.24%
    3 Months Avg CPR
    12 Months Avg CPR
    Avg CPR Since Cut-off                                                    58.13%          30.08%          35.03%           42.24%

    PSA                                                                   10220.76%        5220.62%        5753.78%         7218.76%
    3 Months Avg PSA Approximation
    12 Months Avg PSA Approximation
    Avg PSA Since Cut-off Approximation                                   10220.76%        5220.62%        5753.78%         7218.76%
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

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>

--------------------------------------------------------------------------------
                       Realized Loss Report - Collateral
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
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
------------------------------------------------------------------------------------------------------------------------------------
    MDR                                                                        0.00%           0.00%           0.00%          0.00%
    3 Months Avg MDR
    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
    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
    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

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

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 less than 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 less than 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.
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

--------------------------------------------------------------------------------
  Realized Loss Detail Report - Loans Liquidated During Current Distribution
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
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                                               Loan Group 3 = Pool III Group
Total Net Liquidation Proceeds = 0.00
------------------------------------------------------                          ----------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
   <S>             <C>       <C>             <C>            <C>              <C>         <C>               <C>           <C>
   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


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

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

TRIGGER EVENTS                                                POOL III         POOL II          POOL I            TOTAL
-------------------------------------------------------------------------------------------------------------------------

    Servicer Event of Default                                       No              No              No               No

    Insurer Default                                                 No              No              No               No
-------------------------------------------------------------------------------------------------------------------------
ADJUSTABLE RATE CERTIFICATE INFORMATION                       POOL III         POOL II          POOL I            TOTAL
-------------------------------------------------------------------------------------------------------------------------
                                                  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                       -               -               -                -
    Balance of Mort. Loans Delinq. 90 -119 days                   0.00            0.00            0.00             0.00
    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                      -               -               -                -
    Balance of Mort. Loans Delinq. 150 -179 days                  0.00            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             0.00

    Management Fee Accrued and Unpaid                           163.67          164.70          171.63           500.00

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