<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:              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:         June 15, 2001
                                                                                       Record Date:               June 14, 2001
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

                   GreenPoint Home Equity Loan Trust 2000-3
                      Home Equity Loan Asset-Backed Notes
                                 Series 2000-3
           Certificate Payment Report for June 15, 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   94,531,722.03   352,675.53   4,593,795.59  4,946,471.12         -          -     89,937,926.44
  A-2    FLT,STEP    98,584,000.00   90,174,228.14   336,418.75   3,744,429.93  4,080,848.68         -          -     86,429,798.21
  A-3    FLT,STEP    97,966,000.00   86,865,319.80   324,822.01   4,530,420.54  4,855,242.55         -          -     82,334,899.26
   S                             -               -            -              -             -         -          -                 -
   R                             -               -            -              -             -         -          -                 -
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
 Total              299,286,000.00  271,571,269.97 1,013,916.29  12,868,646.06 13,882,562.35          -         -    258,702,623.91
------------------------------------------------------------------------------------------------------------------------------------
</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   05/15/01  06/14/01  A-Act/360   395385AF4  102,736,000.00   920.142132    3.432833    44.714565     48.147398    875.427566
  A-2   05/15/01  06/14/01  A-Act/360   395385AG2   98,584,000.00   914.694353    3.412509    37.982126     41.394635    876.712227
  A-3   05/15/01  06/14/01  A-Act/360   395385AH0   97,966,000.00   886.688441    3.315661    46.244825     49.560486    840.443616
   S                            -                               -            -           -            -             -             -
   R                            -                               -            -           -            -             -             -
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
Distribution in Dollars - to Date
------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                          Current
           Original                  Unscheduled    Scheduled        Total          Total       Realized     Deferred    Principal
 Class    Face Value     Interest     Principal     Principal      Principal    Distribution     Losses      Interest     Balance
------------------------------------------------------------------------------------------------------------------------------------
              (1)          (2)          (3)           (4)        (5)=(3)+(4)    (6)=(2)+(5)       (7)          (8)     (9)=(1)-(5)-
                                                                                                                         (7)+(8)
------------------------------------------------------------------------------------------------------------------------------------
<S>    <C>             <C>           <C>            <C>          <C>            <C>             <C>          <C>      <C>
  A-1  102,736,000.00  2,793,473.50  11,819,864.03   978,209.53  12,798,073.56  15,591,547.06         -           -   89,937,926.44
  A-2   98,584,000.00  2,671,594.96  11,154,710.76   999,491.03  12,154,201.79  14,825,796.75         -           -   86,429,798.21
  A-3   97,966,000.00  2,596,780.86  14,752,200.94   878,899.80  15,631,100.74  18,227,881.60         -           -   82,334,899.26
   S                -             -              -            -              -              -         -           -               -
   R                -             -              -            -              -              -         -           -               -

------------------------------------------------------------------------------------------------------------------------------------
 Total 299,286,000.00  8,061,849.32   37,726,775.73 2,856,600.36  40,583,376.09  48,645,225.41         -          -  258,702,623.91
------------------------------------------------------------------------------------------------------------------------------------
</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    4.33250%     94,531,722.03     352,675.53         -           -              -     352,675.53     352,675.53            -
  A-2    4.33250%     90,174,228.14     336,418.75         -           -              -     336,418.75     336,418.75            -
  A-3    4.34250%     86,865,319.80     324,822.01         -           -              -     324,822.01     324,822.01            -
   S                              -              -         -           -              -              -              -            -
   R                              -              -         -           -              -              -              -            -
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
 Total               271,571,269.97   1,013,916.29         -           -              -   1,013,916.29   1,013,916.29            -
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

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


SUMMARY                                                                 POOL III         POOL II          POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
    <S>                                                             <C>             <C>             <C>             <C>
    Net Principal Collections                                       4,135,238.25    3,317,054.79    4,136,737.56    11,589,030.60

    TOTAL PRINCIPAL                                                 4,135,238.25    3,317,054.79    4,136,737.56    11,589,030.60

    Interest Collections                                              732,385.88      776,784.16      823,258.31     2,332,428.35
    Interest Fees                                                     (12,381.58)     (12,990.27)     (13,524.75)      (38,896.60)

    TOTAL INTEREST                                                    720,004.30      763,793.89      809,733.56     2,293,531.75

    TOTAL AVAILABLE FUNDS                                           4,855,242.55    4,080,848.68    4,946,471.12    13,882,562.35

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

<CAPTION>
PRINCIPAL - COLLECTIONS                                                 POOL III         POOL II          POOL I            TOTAL
----------------------------------------------------------------------------------------------------------------------------------
    <S>                                                             <C>             <C>             <C>             <C>
    Principal Collections                                           5,443,346.59    4,844,004.62    5,588,134.89    15,875,486.10
    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                                            (1,308,108.34)  (1,526,949.83)  (1,451,397.33)   (4,286,455.50)
    Draw Amount on Demand Note                                              0.00            0.00            0.00             0.00

    TOTAL PRINCIPAL COLLECTED                                       4,135,238.25    3,317,054.79    4,136,737.56    11,589,030.60

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

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

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

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

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

<CAPTION>
INTEREST - COLLECTIONS                                                  POOL III         POOL II          POOL I            TOTAL
---------------------------------------------------------------------------------------------------------------------------------
    <S>                                                             <C>             <C>             <C>             <C>
    Interest Collections                                              768,259.29      814,086.79      862,435.36     2,444,781.44
    Repurchases/Substitutions                                               0.00            0.00            0.00             0.00
    Liquidations                                                            0.00            0.00            0.00             0.00
    Insurance Interest                                                      0.00            0.00            0.00             0.00
    Other Additional Interest                                               0.00            0.00            0.00             0.00
    Current Servicing Fee                                             (35,873.41)     (37,302.63)     (39,177.05)     (112,353.09)

    TOTAL INTEREST                                                    732,385.88      776,784.16      823,258.31     2,332,428.35

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

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

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

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

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

<CAPTION>
INTEREST - FEES                                                          POOL III         POOL II         POOL I            TOTAL
----------------------------------------------------------------------------------------------------------------------------------
    <S>                                                             <C>             <C>             <C>             <C>
    Trustee Fee                                                            717.47          746.05         783.54         2,247.06
    Certificate Insurer Premium                                         11,664.11       12,244.22      12,741.21        36,649.54
    Management Fee                                                           0.00            0.00           0.00             0.00

    TOTAL INTEREST FEES                                                 12,381.58       12,990.27      13,524.75        38,896.60

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

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

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

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

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

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

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

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

<CAPTION>
STRUCTURAL FEATURES                                                     POOL III         POOL II          POOL I            TOTAL
----------------------------------------------------------------------------------------------------------------------------------
    <S>                                                             <C>             <C>             <C>             <C>
    Pool Delinquency Rate                                                 1.3833%         0.6944%         0.9870%
    Rolling Six-month Pool Delinquency Rate                               1.0268%         0.4643%         0.5063%

    Prior Overcollateralization Amount                                      0.00            0.00            0.00             0.00
    Specified Overcollateralization Amount                          2,161,032.93    2,174,666.96    2,329,449.70     6,665,149.59
    Overcollateralization Amount                                            0.00            0.00            0.00             0.00
    Overcollateralization Deficiency Amount                         2,161,032.93    2,174,666.96    2,329,449.70     6,665,149.59

    Overcollateralization Deficit                                     373,960.21      220,545.02       49,742.93       644,248.16
    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                                                                501           1,949              2,369            4,819
    Prefunding                                                             -               -                  -                -
    Scheduled Paid Offs                                                    -               -                 (1)              (1)
    Full Voluntary Prepayments                                           (26)            (83)              (100)            (209)
    Repurchases                                                            -               -                  -                -
    Liquidations                                                           -               -                  -                -
    --------------------------------------------------------------------------------------------------------------------------------
    Current                                                              475           1,866              2,268            4,609

    Principal Balance:
    Original                                                   96,045,908.07   96,651,865.01     100,721,912.99   293,419,686.07
    Prior                                                      86,096,177.30   89,526,307.98      94,024,921.07   269,647,406.35
    Prefunding                                                             -               -                  -                -
    Scheduled Principal                                           (81,073.66)     (92,338.96)       (112,808.54)     (286,221.16)
    Partial and Full Voluntary Prepayments                     (5,362,272.93)  (4,751,665.66)     (5,475,326.35)  (15,589,264.94)
    Repurchases                                                            -               -                  -                -
    --------------------------------------------------------------------------------------------------------------------------------
    Liquidations                                                           -               -                  -                -
    Current                                                    81,960,939.05   86,209,253.19      89,888,183.51   258,058,375.75
    --------------------------------------------------------------------------------------------------------------------------------
</TABLE>

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


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

<TABLE>
<CAPTION>
CHARACTERISTICS                                                        POOL III       POOL II            POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                               <C>             <C>             <C>              <C>
    Weighted Average Coupon Original                               7.491710%       7.985425%       8.355685%        7.950915%
    Weighted Average Coupon Prior                                 11.265286%      11.157613%      11.234603%       11.218594%
    Weighted Average Coupon Current                               10.778124%      10.722919%      10.818091%       10.773731%
    --------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Months to Maturity Original                        194             199             197              197
    Weighted Average Months to Maturity Prior                           190             195             193              193
    Weighted Average Months to Maturity Current                         189             195             192              192
    --------------------------------------------------------------------------------------------------------------------------------
    Weighted Avg Remaining Amortization Term Original                   200             214             208              207
    Weighted Avg Remaining Amortization Term Prior                      197             209             204              204
    Weighted Avg Remaining Amortization Term Current                    196             208             203              202
    --------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Seasoning Original                                2.84            2.88            3.04             2.93
    Weighted Average Seasoning Prior                                   5.89            5.86            6.03             5.93
    Weighted Average Seasoning Current                                 6.88            6.85            7.03             6.92

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

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

<TABLE>
<CAPTION>
ARM CHARACTERISTICS                                                         POOL III         POOL II          POOL I         TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                         <C>              <C>              <C>            <C>
    Weighted Average Margin Original                                          2.966%          2.411%          2.558%
    Weighted Average Margin Prior                                             3.026%          2.377%          2.555%
    Weighted Average Margin Current                                           2.996%          2.383%          2.563%
    --------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Max Rate Original                                       17.703%         17.039%         17.227%
    Weighted Average Max Rate Prior                                          17.696%         17.094%         17.259%
    Weighted Average Max Rate Current                                        17.693%         17.131%         17.279%
    --------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Min Rate Original                                        6.606%          7.182%          7.837%
    Weighted Average Min Rate Prior                                           6.632%          7.156%          7.803%
    Weighted Average Min Rate Current                                         6.592%          7.116%          7.796%
    --------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Cap Up Original
    Weighted Average Cap Up Prior
    Weighted Average Cap Up Current
    --------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Cap Down Original
    Weighted Average Cap Down Prior
    Weighted Average Cap Down Current

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

Note:  Original information refers to deal issue.

<TABLE>
<CAPTION>
SERVICING FEES / ADVANCES                                                   POOL III         POOL II          POOL I       TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                       <C>             <C>             <C>           <C>
    TOTAL SERVICING FEE                                                   35,873.41       37,302.63       39,177.05     112,353.09


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

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



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

<TABLE>
<CAPTION>

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


                                                           CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                  <C>                                  <C>         <C>               <C>             <C>            <C>
DELINQUENT           Balance                                          3,845,397.19      864,823.22       93,680.61     4,803,901.02
                     % Balance                                                1.49%           0.34%           0.04%            1.86%
                     # Loans                                                    36              12               2               50
                     % # Loans                                                0.78%           0.26%           0.04%            1.08%
------------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE          Balance                                     -               -               -    1,422,577.64     1,422,577.64
                     % Balance                                0.00%           0.00%           0.00%           0.55%            0.55%
                     # Loans                                     -               -               -              17               17
                     % # Loans                                0.00%           0.00%           0.00%           0.37%            0.37%
------------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY           Balance                            391,259.81               -               -      238,502.26       629,762.07
                     % Balance                                0.15%           0.00%           0.00%           0.09%            0.24%
                     # Loans                                     6               -               -               3                9
                     % # Loans                                0.13%           0.00%           0.00%           0.07%            0.20%
------------------------------------------------------------------------------------------------------------------------------------
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                            391,259.81    3,845,397.19      864,823.22    1,754,760.51     6,856,240.73
                     % Balance                                0.15%           1.49%           0.34%           0.68%            2.66%
                     # Loans                                     6              36              12              22               76
                     % # Loans                                0.13%           0.78%           0.26%           0.48%            1.65%
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

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


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

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


                                                           CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                        <C>          <C>             <C>             <C>            <C>
DELINQUENT           Balance                                            612,427.67      386,323.01       93,680.61     1,092,431.29
                     % Balance                                                0.68%           0.43%           0.10%            1.22%
                     # Loans                                                    14               8               2               24
                     % # Loans                                                0.62%           0.35%           0.09%            1.06%
------------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE          Balance                                     -               -               -      368,650.34       368,650.34
                     % Balance                                0.00%           0.00%           0.00%           0.41%            0.41%
                     # Loans                                     -               -               -               6                6
                     % # Loans                                0.00%           0.00%           0.00%           0.26%            0.26%
------------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY           Balance                            119,072.24               -               -       38,502.26       157,574.50
                     % Balance                                0.13%           0.00%           0.00%           0.04%            0.18%
                     # Loans                                     3               -               -               2                5
                     % # Loans                                0.13%           0.00%           0.00%           0.09%            0.22%
------------------------------------------------------------------------------------------------------------------------------------
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                            119,072.24      612,427.67      386,323.01      500,833.21     1,618,656.13
                     % Balance                                0.13%           0.68%           0.43%           0.56%            1.80%
                     # Loans                                     3              14               8              10               35
                     % # Loans                                0.13%           0.62%           0.35%           0.44%            1.54%
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

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

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

<TABLE>
<CAPTION>

                                        CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                                     <C>           <C>             <C>            <C>             <C>
DELINQUENT     Balance                                821,710.57      278,420.32               -     1,100,130.89
               % Balance                                    0.95%           0.32%           0.00%            1.28%
               # Loans                                        15               3               -               18
               % # Loans                                    0.80%           0.16%           0.00%            0.96%
------------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE    Balance                      -                  -               -      320,255.60       320,255.60
               % Balance                 0.00%              0.00%           0.00%           0.37%            0.37%
               # Loans                      -                  -               -               8                8
               % # Loans                 0.00%              0.00%           0.00%           0.43%            0.43%
------------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY     Balance             104,972.99                  -               -               -       104,972.99
               % Balance                 0.12%              0.00%           0.00%           0.00%            0.12%
               # Loans                      2                  -               -               -                2
               % # Loans                 0.11%              0.00%           0.00%           0.00%            0.11%
------------------------------------------------------------------------------------------------------------------------------------
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              104,972.99        821,710.57      278,420.32      320,255.60     1,525,359.48
               % Balance                  0.12%             0.95%           0.32%           0.37%            1.77%
               # Loans                       2                15               3               8               28
               % # Loans                  0.11%             0.80%           0.16%           0.43%            1.50%
------------------------------------------------------------------------------------------------------------------------------------
Note:  Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
</TABLE>


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

<TABLE>
<CAPTION>

                                        CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                                     <C>        <C>               <C>             <C>            <C>
DELINQUENT     Balance                             2,411,258.95      200,079.89               -     2,611,338.84
               % Balance                                   2.94%           0.24%           0.00%            3.19%
               # Loans                                        7               1               -                8
               % # Loans                                   1.47%           0.21%           0.00%            1.68%
------------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE    Balance                        -               -               -      733,671.70       733,671.70
               % Balance                   0.00%           0.00%           0.00%           0.90%            0.90%
               # Loans                        -               -               -               3                3
               % # Loans                   0.00%           0.00%           0.00%           0.63%            0.63%
------------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY     Balance               167,214.58               -               -      200,000.00       367,214.58
               % Balance                   0.20%           0.00%           0.00%           0.24%            0.45%
               # Loans                        1               -               -               1                2
               % # Loans                   0.21%           0.00%           0.00%           0.21%            0.42%
------------------------------------------------------------------------------------------------------------------------------------
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               167,214.58     2,411,258.95     200,079.89      933,671.70     3,712,225.12
               % Balance                   0.20%            2.94%          0.24%           1.14%            4.53%
               # Loans                        1                7              1               4               13
               % # Loans                   0.21%            1.47%          0.21%           0.84%            2.74%
------------------------------------------------------------------------------------------------------------------------------------
Note:  Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
</TABLE>
<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

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


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

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

VOLUNTARY PREPAYMENTS                                                      POOL III         POOL II          POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                        <C>              <C>              <C>               <C>
    Current
    Number of Paid in Full Loans                                                 26              83             100              209
    Number of Repurchased Loans
                                                                                  -               -               -                -
    --------------------------------------------------------------------------------------------------------------------------------
    Total Number of Loans Prepaid in Full                                        26              83             100              209

    Paid in Full Balance                                               4,019,446.03    4,144,959.29    4,570,563.10    12,734,968.42
    Repurchased Loans Balance                                                     -               -               -                -
    Curtailments Amount                                                1,342,826.90      606,706.37      904,763.25     2,854,296.52
    --------------------------------------------------------------------------------------------------------------------------------
    Total Prepayment Amount                                            5,362,272.93    4,751,665.66    5,475,326.35    15,589,264.94

    Cumulative
    Number of Paid in Full Loans                                                108             321             394              823
    Number of Repurchased Loans                                                   -               -               -                -
    --------------------------------------------------------------------------------------------------------------------------------
    Total Number of Loans Prepaid in Full                                       108             321             394              823

    Paid in Full Balance                                              20,308,848.26   15,988,074.82   16,770,839.68    53,067,762.76
    Repurchased Loans Balance                                                     -               -               -                -
    Curtailments Amount                                                9,867,216.14    5,719,902.46    7,423,528.52    23,010,647.12
   ---------------------------------------------------------------------------------------------------------------------------------
    Total Prepayment Amount                                           30,176,064.40   21,707,977.28   24,194,368.20    76,078,409.88

                                                   SPACE INTENTIONALLY LEFT BLANK


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

<TABLE>
<CAPTION>
VOLUNTARY PREPAYMENT RATES                                                 POOL III         POOL II          POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                        <C>              <C>              <C>               <C>
    SMM                                                                       6.23%           5.31%           5.83%            5.79%
    3 Months Avg SMM                                                          5.55%           4.83%           5.00%            5.12%
    12 Months Avg SMM
    Avg SMM Since Cut-off                                                     5.53%           3.88%           4.13%            4.50%

    CPR                                                                      53.81%          48.06%          51.37%           51.10%
    3 Months Avg CPR                                                         49.62%          44.80%          45.99%           46.78%
    12 Months Avg CPR
    Avg CPR Since Cut-off                                                    49.46%          37.82%          39.70%           42.43%

    PSA                                                                    3908.07%        3509.77%        3653.07%         3690.72%
    3 Months Avg  PSA Approximation                                        4221.31%        3824.29%        3814.56%         3949.17%
    12 Months Avg PSA Approximation
    Avg PSA Since Cut-off Approximation                                    5459.68%        4172.30%        4223.71%         4622.91%

------------------------------------------------------------------------------------------------------------------------------------
</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 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                                         -               1               1                2

    Collateral Realized Loss/(Gain) Amount                             -       20,426.22               -        20,426.22

    Net Liquidation Proceeds                                           -       33,573.78       41,405.77        74,979.55


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


    Cumulative Losses as % of Original Balance                    0.0000%         0.0211%         0.0000%          0.0070%

    Cumulative Losses as % of Current Balance                     0.0000%         0.0237%         0.0000%          0.0079%

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


DEFAULT SPEEDS                                                  POOL III         POOL II          POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------------------

    MDR                                                             0.00%           0.00%           0.00%            0.00%
    3 Months Avg MDR                                                0.00%           0.02%           0.01%            0.01%
    12 Months Avg MDR
    Avg MDR Since Cut-off                                           0.00%           0.01%           0.01%            0.01%

    CDR                                                             0.00%           0.00%           0.00%            0.00%
    3 Months Avg CDR                                                0.00%           0.23%           0.17%            0.14%
    12 Months Avg CDR
    Avg CDR Since Cut-off                                           0.00%           0.12%           0.09%            0.07%

    SDA                                                             0.00%           0.00%           0.00%            0.00%
    3 Months Avg  SDA Approximation                                 0.00%           2.00%           1.42%            1.17%
    12 Months Avg SDA Approximation
    Avg SDA Since Cut-off Approximation                             0.00%           1.30%           0.91%            0.75%

    Loss Severity Approximation for Current Period
    3 Months Avg Loss Severity Approximation                                       37.83%           0.00%           21.41%
    12 Months Avg Loss Severity Approximation
    Avg  Loss Severity Approximation Since Cut-off                                 37.83%           0.00%           21.41%

-----------------------------------------------------------------------------------------------------------------------------
</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.
--------------------------------------------------------------------------------

** less than
<PAGE>

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

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

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



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

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


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

    Insurer Default                                                              No              No              No               No

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

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



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

<TABLE>
<CAPTION>
ADDITIONAL INFORMATION                                                     POOL III         POOL II          POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                        <C>              <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            0.00       93,680.61        93,680.61
    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
    Number of Mort. Loans Delinq. 180 days or more (including status)             2               4               2                8
    Balance of Mort. Loans Delinq. 180 days or more (including status)   662,593.66      173,838.20       70,229.62       906,661.48

    Management Fee Accrued and Unpaid                                        982.02          988.20        1,029.78         3,000.00

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