<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:            February 28, 2001
     Certificate Insurer:       Financial Guaranty Insurance Corporation              Closing Date:            April 12, 2001
     Servicer(s):               GreenPoint Mortgage - Master Servicer                 First Payment Date:      May 15, 2001

     Underwriter(s):            Lehman Brothers Securities Corporation - Underwriter  Distribution Date:       September 17, 2001
                                                                                      Record Date:             September 14, 2001

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

<PAGE>

                    GreenPoint Home Equity Loan Trust 2000-1
                   Home Equity Loan Asset-Backed Certificates
                                 Series 2000-1
         Certificate Payment Report for September 17, 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   196,178,000.00   178,212,073.36    630,573.72   7,186,074.86   7,816,648.58       -         -     171,025,998.50
  A-2    FLT,STEP   106,801,000.00    98,155,245.03    348,205.73   4,620,454.18   4,968,659.91       -         -      93,534,790.85
   R         R                   -                -  1,371,674.97              -   1,371,674.97       -         -                  -
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
 Total              302,979,000.00   276,367,318.39  2,350,454.42  11,806,529.04  14,156,983.46       -         -     264,560,789.36
------------------------------------------------------------------------------------------------------------------------------------
</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    08/15/01  09/16/01   A-Act/360  395385AJ6  196,178,000.00   908.420278     3.214294    36.630381   39.844675     871.789897
  A-2    08/15/01  09/16/01   A-Act/360  395385AK3  106,801,000.00   919.047996     3.260323    43.262275   46.522597     875.785722
   R                                  -                          -            -            -            -           -              -
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>
Distribution in Dollars - to Date
------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                          Current
            Original                   Unscheduled    Scheduled       Total         Total        Realized     Deferred   Principal
 Class     Face Value     Interest      Principal     Principal     Principal    Distribution     Losses      Interest    Balance
------------------------------------------------------------------------------------------------------------------------------------
              (1)            (2)           (3)           (4)       (5)=(3)+(4)   (6)=(2)+(5)       (7)           (8)    (9)=(1)-(5)-
                                                                                                                          (7)+(8)
------------------------------------------------------------------------------------------------------------------------------------
<S>     <C>             <C>           <C>            <C>           <C>            <C>             <C>         <C>     <C>
  A-1   196,178,000.00  3,595,613.95  23,928,763.18  1,223,238.33  25,152,001.51  28,747,615.46         -          -  171,025,998.50
  A-2   106,801,000.00  1,979,828.46  12,615,645.30    650,563.85  13,266,209.15  15,246,037.61         -          -   93,534,790.85
   R                 -  1,371,674.97              -             -              -   1,371,674.97         -          -               -

------------------------------------------------------------------------------------------------------------------------------------
 Total  302,979,000.00  6,947,117.38  36,544,408.48  1,873,802.18  38,418,210.66  45,365,328.04         -          -  264,560,789.35
------------------------------------------------------------------------------------------------------------------------------------

<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     3.86000%  178,212,073.36     630,573.72            -             -              -     630,573.72     630,573.72         -
  A-2     3.87000%   98,155,245.03     348,205.73            -             -              -     348,205.73     348,205.73         -
   R                             -              -            -             -              -              -   1,371,674.97         -
------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------
 Total              276,367,318.39     978,779.45            -             -              -     978,779.45   2,350,454.42         -
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

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

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

SUMMARY                                                                        POOL II          POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------------
<S>                                                                       <C>             <C>             <C>
    Net Principal Collections                                             4,384,473.40    6,748,072.52    11,132,545.92

    TOTAL PRINCIPAL                                                       4,384,473.40    6,748,072.52    11,132,545.92

    Interest Collections                                                    834,859.16    1,533,433.88     2,368,293.04
    Interest Fees                                                           (14,869.45)     (27,177.90)      (42,047.35)

    TOTAL INTEREST                                                          819,989.71    1,506,255.98     2,326,245.69

    TOTAL AVAILABLE FUNDS                                                 5,204,463.11    8,254,328.50    13,458,791.61

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

<CAPTION>
PRINCIPAL - COLLECTIONS                                                        POOL II          POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------------
<S>                                                                       <C>             <C>             <C>
    Principal Collections                                                 6,710,474.15    9,564,575.69    16,275,049.84
    Repurchases/Substitutions                                                     0.00            0.00             0.00
    Liquidations                                                                  0.00      258,133.74       258,133.74
    Insurance Principal                                                           0.00            0.00             0.00
    Liquidation Loss Amounts                                                      0.00      (15,441.92)      (15,441.92)
    Additional Balances                                                  (2,326,000.75)  (3,059,194.99)   (5,385,195.74)

    TOTAL PRINCIPAL COLLECTED                                             4,384,473.40    6,748,072.52    11,132,545.92

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

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

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

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

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

<CAPTION>
INTEREST - COLLECTIONS                                                         POOL II          POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------------
<S>                                                                       <C>             <C>             <C>
    Interest Collections                                                    876,212.50    1,606,824.17     2,483,036.67
    Repurchases/Substitutions                                                     0.00            0.00             0.00
    Liquidations                                                                  0.00        1,708.59         1,708.59
    Insurance Interest                                                            0.00            0.00             0.00
    Other Additional Interest                                                     0.00            0.00             0.00
    Current Servicing Fee                                                   (41,353.34)     (75,098.88)     (116,452.22)

    TOTAL INTEREST                                                          834,859.16    1,533,433.88     2,368,293.04

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

<PAGE>

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


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

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


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

<TABLE>
<CAPTION>
INTEREST - FEES                                                                POOL II          POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------
<S>                                                                         <C>            <C>               <C>
    Trustee Fee                                                                 661.65        1,201.58         1,863.23
    Certificate Insurer Premium                                              14,030.22       25,653.90        39,684.12
    Management Fee                                                              177.58          322.42           500.00

    TOTAL INTEREST FEES                                                      14,869.45       27,177.90        42,047.35

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

<PAGE>

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

ACCOUNTS                                                                       POOL II          POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------
<S>                                                                           <C>               <C>       <C>
    Beginning Reserve Fund Balance                                                                         3,117,500.24
    Curr Period Amounts Dep to Res Fund                                                                      673,983.12
    Curr Withdrawal from Reserve Fund                                                                      1,371,674.97
    Reserve Fund Balance                                                                                   3,791,483.36

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

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

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

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

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

<TABLE>
<CAPTION>
STRUCTURAL FEATURES                                                            POOL II          POOL I            TOTAL
------------------------------------------------------------------------------------------------------------------------
<S>                                                                      <C>            <C>               <C>
    Three Month Average Net Excess Spread Amount                               43.0226%         5.8787%
    Rolling Six-month Pool Delinquency Rate                                     0.0000%         0.0000%

    Prior Overcollateralization Amount                                    1,092,771.62    2,025,238.61     3,118,010.23
    Specified Overcollateralization Amount                                3,141,477.21    3,054,882.61     6,196,359.82
    Overcollateralization Amount                                          1,328,752.40    2,447,799.03     3,776,551.43
    Overcollateralization Deficiency Amount                               1,812,724.81      607,083.58     2,419,808.39

    Overcollateralization Deficit                                                 0.00            0.00             0.00
    Overcollateralization Reduction Amount                                        0.00            0.00             0.00
    Step-Up Overcollateralization Amount                                          0.00            0.00             0.00

    Current Accelerated Principal Payment                                   235,980.78      438,002.34       673,983.12
    Cumulative Accelerated Principal Payment                              1,328,570.00    2,462,913.36     3,791,483.36

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

<PAGE>

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


COLLATERAL                                                                     POOL II            POOL I            TOTAL
--------------------------------------------------------------------------------------------------------------------------
<S>                                                                     <C>               <C>              <C>
      Loan Count:
    Original                                                                      1191              4428             5619
    Prior                                                                        1,027             3,936            4,963
    Prefunding                                                                       -                 -                -
    Scheduled Paid Offs                                                              -                 -                -
    Full Voluntary Prepayments                                                     (43)             (159)            (202)
    Repurchases                                                                      -                 -                -
    Liquidations                                                                     -                (5)              (5)
    ----------------------------------------------------------------------------------------------------------------------
    Current                                                                        984             3,772            4,756

    Principal Balance:
    Original                                                            106,801,182.40    196,178,327.60   302,979,510.00
    Prior                                                                99,248,016.65    180,237,311.97   279,485,328.62
    Prefunding                                                                       -                 -                -
    Scheduled Principal                                                    (129,166.35)      (256,707.93)     (385,874.28)
    Partial and Full Voluntary Prepayments                               (6,581,307.80)    (9,307,867.76)  (15,889,175.56)
    Repurchases                                                                      -                 -                -
    Liquidations                                                                     -       (258,133.74)     (258,133.74)
    ----------------------------------------------------------------------------------------------------------------------
    Current                                                              94,863,543.25    173,473,797.53   268,337,340.78
--------------------------------------------------------------------------------------------------------------------------
</TABLE>

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


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

<TABLE>
<CAPTION>
CHARACTERISTICS                                                                POOL II            POOL I            TOTAL
--------------------------------------------------------------------------------------------------------------------------
<S>                                                                         <C>                <C>             <C>
    Weighted Average Coupon Original                                          9.879188%        10.019075%        9.969764%
    Weighted Average Coupon Prior                                            10.138507%        10.196985%       10.176275%
    Weighted Average Coupon Current                                           9.884389%         9.981989%        9.947331%
    ----------------------------------------------------------------------------------------------------------------------
    Weighted Average Months to Maturity Original                                   189               195              193
    Weighted Average Months to Maturity Prior                                      186               191              189
    Weighted Average Months to Maturity Current                                    184               190              188
    ----------------------------------------------------------------------------------------------------------------------
    Weighted Avg Remaining Amortization Term Original                              196               213              207
    Weighted Avg Remaining Amortization Term Prior                                 192               209              203
    Weighted Avg Remaining Amortization Term Current                               190               208              202
    ----------------------------------------------------------------------------------------------------------------------
    Weighted Average Seasoning Original                                           2.92              3.09             3.03
    Weighted Average Seasoning Prior                                              5.93              6.05             6.01
    Weighted Average Seasoning Current                                            5.95              6.22             6.12

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

Note:  Original information refers to deal issue.






<PAGE>

<TABLE>
<CAPTION>
ARM CHARACTERISTICS                                                    POOL II        POOL I         TOTAL
-----------------------------------------------------------------------------------------------------------
<S>                                                                    <C>           <C>             <C>
  Weighted Average Margin Original                                     293.006%      228.112%
  Weighted Average Margin Prior                                        294.265%      229.317%
  Weighted Average Margin Current                                      293.976%      229.247%
  ---------------------------------------------------------------------------------------------------------
  Weighted Average Max Rate Original                                    17.033%       14.638%
  Weighted Average Max Rate Prior                                       17.118%       14.885%
  Weighted Average Max Rate Current                                     17.139%       14.853%
  ---------------------------------------------------------------------------------------------------------
  Weighted Average Min Rate Original                                     2.930%        2.281%
  Weighted Average Min Rate Prior                                        2.943%        2.294%
  Weighted Average Min Rate Current                                      2.940%        2.293%
  ---------------------------------------------------------------------------------------------------------
  Weighted Average Cap Up Original
  Weighted Average Cap Up Prior
  Weighted Average Cap Up Current
  ---------------------------------------------------------------------------------------------------------
  Weighted Average Cap Down Original
  Weighted Average Cap Down Prior
  Weighted Average Cap Down Current

-----------------------------------------------------------------------------------------------------------
Note:  Original information refers to deal issue.


SERVICING FEES / ADVANCES                                              POOL II        POOL I         TOTAL
-----------------------------------------------------------------------------------------------------------

    TOTAL SERVICING FEE                                              41,353.34     75,098.88    116,452.22


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


ADDITIONAL COLLATERAL INFORMATION                                      POOL II        POOL I         TOTAL
-----------------------------------------------------------------------------------------------------------
                                   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                     3,258,521.43   728,278.07               -    3,986,799.50
                 % Balance                           1.21%        0.27%           0.00%           1.49%
                 # Loans                               50           13               -              63
                 % # Loans                           1.05%        0.27%           0.00%           1.32%
-------------------------------------------------------------------------------------------------------
FORECLOSURE      Balance                 -     105,408.43   266,185.92    1,742,667.73    2,114,262.08
                 % Balance            0.00%          0.04%        0.10%           0.65%           0.79%
                 # Loans                 -              3            4              35              42
                 % # Loans            0.00%          0.06%        0.08%           0.74%           0.88%
-------------------------------------------------------------------------------------------------------
BANKRUPTCY       Balance        128,502.35              -            -      594,564.53      723,066.88
                 % Balance            0.05%          0.00%        0.00%           0.22%           0.27%
                 # Loans                 2              -            -               2               4
                 % # Loans            0.04%          0.00%        0.00%           0.04%           0.08%
-------------------------------------------------------------------------------------------------------
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        128,502.35   3,363,929.86   994,463.99    2,337,232.26    6,824,128.46
                 % Balance            0.05%          1.25%        0.37%           0.87%           2.54%
                 # Loans                 2             53           17              37             109
                 % # Loans            0.04%          1.11%        0.36%           0.78%           2.29%
-------------------------------------------------------------------------------------------------------
</TABLE>

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


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

                                   CURRENT      1 PAYMENT     2 PAYMTS       3+ PAYMTS           TOTAL
-------------------------------------------------------------------------------------------------------
<S>              <C>            <C>          <C>            <C>           <C>             <C>
-------------------------------------------------------------------------------------------------------
DELINQUENT       Balance                     1,702,058.99   632,052.91               -    2,334,111.90
                 % Balance                           0.98%        0.36%           0.00%           1.35%
                 # Loans                               36           12               -              48
                 % # Loans                           0.95%        0.32%           0.00%           1.27%
-------------------------------------------------------------------------------------------------------
FORECLOSURE      Balance                 -      68,974.14   266,185.92    1,258,008.39    1,593,168.45
                 % Balance            0.00%          0.04%        0.15%           0.73%           0.92%
                 # Loans                 -              2            4              31              37
                 % # Loans            0.00%          0.05%        0.11%           0.82%           0.98%
-------------------------------------------------------------------------------------------------------
BANKRUPTCY       Balance        128,502.35              -            -       57,285.73      185,788.08
                 % Balance            0.07%          0.00%        0.00%           0.03%           0.11%
                 # Loans                 2              -            -               1               3
                 % # Loans            0.05%          0.00%        0.00%           0.03%           0.08%
-------------------------------------------------------------------------------------------------------
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        128,502.35   1,771,033.13   898,238.83    1,315,294.12    4,113,068.43
                 % Balance            0.07%          1.02%        0.52%           0.76%           2.37%
                 # Loans                 2             38           16              32              88
                 % # Loans            0.05%          1.01%        0.42%           0.85%           2.33%
-------------------------------------------------------------------------------------------------------
</TABLE>

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

<PAGE>

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

                                 CURRENT        1 PAYMENT     2 PAYMTS       3+ PAYMTS           TOTAL
-------------------------------------------------------------------------------------------------------
<S>              <C>             <C>         <C>            <C>           <C>             <C>
-------------------------------------------------------------------------------------------------------
DELINQUENT       Balance                     1,556,462.44    96,225.16               -    1,652,687.60
                 % Balance                           1.64%        0.10%           0.00%           1.74%
                 # Loans                               14            1               -              15
                 % # Loans                           1.42%        0.10%           0.00%           1.52%
-------------------------------------------------------------------------------------------------------
FORECLOSURE      Balance               -        36,434.29            -      484,659.34      521,093.63
                 % Balance          0.00%            0.04%        0.00%           0.51%           0.55%
                 # Loans               -                1            -               4               5
                 % # Loans          0.00%            0.10%        0.00%           0.41%           0.51%
-------------------------------------------------------------------------------------------------------
BANKRUPTCY       Balance               -                -            -      537,278.80      537,278.80
                 % Balance          0.00%            0.00%        0.00%           0.57%           0.57%
                 # Loans               -                -            -               1               1
                 % # Loans          0.00%            0.00%        0.00%           0.10%           0.10%
-------------------------------------------------------------------------------------------------------
REO              Balance               -                -            -               -               -
                 % Balance          0.00%            0.00%        0.00%           0.00%           0.00%
                 # Loans               -                -            -               -               -
                 % # Loans          0.00%            0.00%        0.00%           0.00%           0.00%
-------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------
TOTAL            Balance               -     1,592,896.73    96,225.16    1,021,938.14    2,711,060.03
                 % Balance          0.00%            1.68%        0.10%           1.08%           2.86%
                 # Loans               -               15            1               5              21
                 % # Loans          0.00%            1.52%        0.10%           0.51%           2.13%
-------------------------------------------------------------------------------------------------------
</TABLE>

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

<PAGE>

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

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

SUMMARY                                                 LOAN GROUP
------------------------------------------------------------------------------------------------------------------------------
<S>                                                     <C>
Total Loan Count = 0                                    Loan Group 1 = Pool I Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00               Loan Group 2 = Pool II Group; REO Book Value = 000.00
Total Current Balance = 000.00
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 II          POOL I            TOTAL
---------------------------------------------------------------------------------------------------------------------------
<S>                                                                         <C>             <C>              <C>
    Current
    Number of Paid in Full Loans                                                       43             159              202
    Number of Repurchased Loans                                                         -               -                -
    -----------------------------------------------------------------------------------------------------------------------
    Total Number of Loans Prepaid in Full                                              43             159              202

    Paid in Full Balance                                                     5,159,596.61    8,044,136.14    13,203,732.75
    Repurchased Loans Balance                                                           -               -                -
    Curtailments Amount                                                      1,421,711.19    1,263,731.62     2,685,442.81
    -----------------------------------------------------------------------------------------------------------------------
    Total Prepayment Amount                                                  6,581,307.80    9,307,867.76    15,889,175.56

    Cumulative
    Number of Paid in Full Loans                                                      207             651              858
    Number of Repurchased Loans                                                         -               -                -
    -----------------------------------------------------------------------------------------------------------------------
    Total Number of Loans Prepaid in Full                                             207             651              858

    Paid in Full Balance                                                    20,381,082.95   33,421,519.77    53,802,602.72
    Repurchased Loans Balance                                                           -               -                -
    Curtailments Amount                                                     11,051,655.40   12,302,526.14    23,354,181.54
    -----------------------------------------------------------------------------------------------------------------------
    Total Prepayment Amount                                                 31,432,738.35   45,724,045.91    77,156,784.26

                                              SPACE INTENTIONALLY LEFT BLANK


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

<TABLE>
<CAPTION>
VOLUNTARY PREPAYMENT RATES                                                        POOL II          POOL I            TOTAL
---------------------------------------------------------------------------------------------------------------------------
<S>                                                                              <C>             <C>              <C>
    SMM                                                                             6.64%           5.17%            5.69%
    3 Months Avg SMM                                                                5.61%           4.26%            4.74%
    12 Months Avg SMM
    Avg SMM Since Cut-off                                                           6.07%           4.84%            5.28%

    CPR                                                                            56.15%          47.12%           50.51%
    3 Months Avg CPR                                                               49.97%          40.69%           44.16%
    12 Months Avg CPR
    Avg CPR Since Cut-off                                                          52.83%          44.86%           47.81%

    PSA                                                                          4716.62%        3789.51%         4123.88%
    3 Months Avg  PSA Approximation                                              4461.48%        3522.56%         3864.51%
    12 Months Avg PSA Approximation
    Avg PSA Since Cut-off Approximation                                          5583.26%        4578.68%         4940.08%

---------------------------------------------------------------------------------------------------------------------------
</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.
--------------------------------------------------------------------------------
** denotes roof top

<PAGE>

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

COLLATERAL REALIZED LOSSES                                                                   POOL II          POOL I        TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                         <C>          <C>          <C>
    Current
    Number of Loans Liquidated                                                                     -               5            5
    Collateral Realized Loss/(Gain) Amount                                                         -       15,441.92    15,441.92
    Net Liquidation Proceeds                                                                       -      242,691.82   242,691.82

    Cumulative
    Number of Loans Liquidated                                                                     -               5            5
    Collateral Realized Loss/(Gain) Amount                                                         -       15,441.92    15,441.92
    Net Liquidation Proceeds                                                                       -      242,691.82   242,691.82

    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%

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

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

<TABLE>
<CAPTION>
DEFAULT SPEEDS                                                                               POOL II          POOL I        TOTAL
----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                         <C>             <C>            <C>
    MDR                                                                                         0.00%           0.14%        0.09%
    3 Months Avg MDR                                                                            0.00%           0.05%        0.03%
    12 Months Avg MDR
    Avg MDR Since Cut-off                                                                       0.00%           0.03%        0.02%

    CDR                                                                                         0.00%           1.71%        1.10%
    3 Months Avg CDR                                                                            0.00%           0.57%        0.37%
    12 Months Avg CDR
    Avg CDR Since Cut-off                                                                       0.00%           0.34%        0.22%

    SDA                                                                                         0.00%          13.71%        9.00%
    3 Months Avg SDA Approximation                                                              0.00%           4.95%        3.23%
    12 Months Avg SDA Approximation
    Avg SDA Since Cut-off Approximation                                                         0.00%           3.50%        2.29%

    Loss Severity Approximation for Current Period                                                              5.98%        5.98%
    3 Months Avg Loss Severity Approximation                                                                    5.98%        5.98%
    12 Months Avg Loss Severity Approximation
    Avg Loss Severity Approximation Since Cut-off                                                               5.98%        5.98%

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

** denotes rooftop
*** denotes less than

<PAGE>

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

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


SUMMARY                                                        LOAN GROUP

---------------------------------------------------            ------------------------------------------------
<S>                                                            <C>
Total Loan Count =   5                                         Loan Group 1  =  Pool I Group
Total Original Principal Balance = 184,778.00                  Loan Group 2  =  Pool II Group
Total Prior Principal Balance = 258,133.74
Total Realized Loss Amount = 15,441.92
Total Net Liquidation Proceeds = 242,691.82
---------------------------------------------------            ------------------------------------------------
</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>
   102015450 1               102,778.00      131,650.99               -       9.000%   CA  -  37.74%            300      Dec-20-00
   102029352 1                28,800.00       49,217.30               -       0.000%   OR  -  70.00%            180      Nov-28-00
   102108636 1                25,000.00       24,460.10               -      11.500%   FL  -  75.00%            180      Dec-19-00
   102175114 1                28,200.00       27,871.91               -      10.000%   CA  -  74.16%            180      Jan-05-01
   102320967 1                        -       24,933.44               -      12.250%   CA  -  82.13%            180      Jan-30-01

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

<PAGE>

--------------------------------------------------------------------------------
               Triggers, Adj. Rate Cert. and Miscellaneous Report

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

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

  Insurer Default                                                                  No               No            No

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

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

<CAPTION>
ADDITIONAL INFORMATION                                                          POOL II          POOL I        TOTAL
---------------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>              <C>           <C>
  Detail Delinq. Breakdown to Supplement pages 11-13
  Number of Mort. Loans Delinq. 90 -119 days                                          -               -            -
  Balance of Mort. Loans Delinq. 90 -119 days                                      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
  Number of Mort. Loans Delinq. 150 -179 days                                         -               -            -
  Balance of Mort. Loans Delinq. 150 -179 days                                     0.00            0.00         0.00
  Number of Mort. Loans Delinq. 180 days or more                                      -               -            -
  Balance of Mort. Loans Delinq. 180 days or more                                  0.00            0.00         0.00
  Count of ALL Loans 180 day plus bucket                                              1               5            6
  Balance of ALL Loans 180 day plus bucket                                   537,278.80      316,700.00   853,978.80
  Management Fee Accrued and Unpaid                                              887.91        1,612.09     2,500.00

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