Document:

<PAGE>

                                 Exhibit 10.1

<TABLE>
<CAPTION>
GreenPoint Mortgage                                        SERVICING CERTIFICATE

=============================================================================================================================
<S>                              <C>                            <C>        <C>                             <C>
Revolving Home Equity Loan       LIBOR:                         6.62125%   Current Collection Period:      09/01/00-09/30/00
Asset-Backed Notes               Margin A-1:                    0.30000%   P&S Agreement Date:                  12/1/99

Series 1999-2                    Class A-1  Note Rate:          6.92125%   Original Closing Date:              12/22/99
                                 Class A-2  Note Rate:          7.00125%   Distribution Date:                  10/16/00
                                 Margin A-2:                    0.38000%   Record Date:                        10/15/00
                                 Interest Period 09/15/00                  Pool Factor:                       81.5057819%
                                 thru 10/15/00:                    31
                                 Servicing Fee Rate:            0.50000%   Initial Class A-1 O/C Amt:            22.71
                                 Class A-1 Premium Fee Rate:    0.18000%   Initial Class A-2 O/C Amt:           565.15
                                 Class A-2 Premium Fee Rate:    0.18000%
                                                                           Class A-1 O/C Amt as of Pmt        5,408,774.99
                                                                           Date:
                                 Trustee Fee:                   0.00900%   Class A-2 O/C Amt as of Pmt       1,291,965.86
                                                                           Date:
                                 Class A-1 Act Weighted Avg    12.56015%
                                 Ln Rate:
                                 Class A-2 Act Weighted Avg    12.41632%
                                 Ln Rate:

                                 Total Management Fee            500.00
        =====================================================================================================================
</TABLE>

<TABLE>
<CAPTION>
BALANCES
<S>                                                                                                           <C>
        Beginning Class A-1 Pool Balance                                                                      177,168,728.35
        Beginning Class A-2 Pool Balance                                                                       40,095,559.54

        Beginning Class A-1 Note Balance -- CUSIP 395385AA5                                                   172,170,394.98
        Beginning Class A-2 Note Balance -- CUSIP 395385AB3                                                    38,981,757.18

        Class A-1 Overcollateralization Amount to Fill                                                                 (0.00)
        Class A-2 Overcollateralization Amount to Fill                                                            146,874.28

        Ending Class A-1 Pool Balance                                                                         169,874,532.27
        Ending Class A-2 Pool Balance                                                                          37,041,086.56

        Ending Class A-1 Note Balance -- CUSIP 395385AA5                                                      164,465,757.28
        Ending Class A-2 Note Balance -- CUSIP  395385AB3                                                      35,749,120.70

        Additional Balances  Class A-1                                                                          2,596,175.17
        Additional Balances  Class A-2                                                                            620,053.01

        Number of all Retransferred Mortgage Loans (Current Retransfer Date)                                               0
        Retransferred Mortgage Loan Trust Balances (Current Retransfer Date)                                            0.00
        Cumulative Number of all Retransferred Mortgage Loans (From Previous Distributions)                                0
        Cumulative Retransferred Mortgage Loan Trust Balances (From Previous Distributions)                             0.00
        Number of all Subsequent  Class A-1 HELOC Mortgage Loans (Current Date)                                            0
        Subsequent Class A-1 HELOC Mortgage Loan Asset Balance (Current Date)                                           0.00
        Number of all Subsequent Class A-2 Heloc Loans (Current Date)                                                      0
        Subsequent Class A-2 HELOC Loan Asset Balance (Current Date)                                                    0.00
        Number of all Subsequent HLTV Mortgage Loans (Current Date)                                                        0
        Subsequent HLTV Mortgage Loan Asset Balance (Current Date)                                                      0.00
        Cumulative Number of ALL Subsequent Mortgage Loans                                                                 0
        Cumulative Subsequent Mortgage Loan Asset Balance                                                               0.00
        Class A-1 Cumulative Excess of Draws Over Principal Paydown                                                     0.00
        Class A-1 Cumulative Excess of Draws Over Principal Paydown Recoup this Distribution                            0.00
        Beginning Loan Count                                                                                           4,879
        Ending Loan Count                                                                                              4,709
</TABLE>
<PAGE>

<TABLE>
COLLECTION AMOUNTS Class A-1
<S>                                                                                                            <C>
   1    Aggregate of All Mortgage Collections (Gross)                                                          11,735,203.35
   2    Total Mortgage Interest Collections (Gross)                                                             1,844,832.10
        Servicing Fees (current collection period)                                                                 73,820.30
        Deferred Interest Transfer  (DI)                                                                                0.00
     3a      Mortgage Principal Collections                                                                     9,890,371.25
     3b      Pre-Funded Balance                                                                                         0.00
     3c      Net Liquidation Proceeds                                                                                   0.00
   3    Total Mortgage Principal Collections                                                                    9,890,371.25
        Aggregate of Transfer Deposits                                                                                  0.00
        Investor Loss Amount                                                                                            0.00
        Aggregate Investor Loss Reduction Amount                                                                   26,771.07

COLLECTION AMOUNTS Class A-2
   1    Aggregate of All Mortgage Collections (Gross)                                                           4,110,657.53
   2    Total Mortgage Interest Collections (Gross)                                                               436,131.54
        Servicing Fees (current collection period)                                                                 16,706.48
        Deferred Interest Transfer  (DI)                                                                                0.00
     3a      Mortgage Principal Collections                                                                     3,674,525.99
     3b      Pre-Funded Balance                                                                                         0.00
     3c      Net Liquidation Proceeds                                                                                   0.00
   3    Total Mortgage Principal Collections                                                                    3,674,525.99
        Aggregate of Transfer Deposits                                                                                  0.00
        Investor Loss Amount                                                                                            0.00
        Aggregate Investor Loss Reduction Amount                                                                        0.00

TOTAL COLLECTION AMOUNT
   1    Aggregate of All Mortgage Collections (Gross)                                                          15,845,860.88
   2    Total Mortgage Interest Collections (Gross)                                                             2,280,963.64
        Servicing Fees (current collection period)                                                                 90,526.79
        Deferred Interest Transfer  (DI)                                                                                0.00
     3a      Mortgage Principal Collections                                                                    13,564,897.24
     3b      Insurance Proceeds                                                                                         0.00
     3c      Net Liquidation Proceeds                                                                                   0.00
   3    Total Mortgage Principal Collections                                                                   13,564,897.24
        Aggregate of Transfer Deposits                                                                                  0.00
        Investor Loss Amount                                                                                            0.00
        Aggregate Investor Loss Reduction Amount                                                                   26,771.07

        Class A-1 Net Interest Collection                                                                       1,771,011.80
        Class A-2 Net Interest Collection                                                                         419,425.06

DISTRIBUTION AMOUNTS Class A-1
        Class A-1 Note    Interest 8.6 (d)(iv)                                                                  1,026,129.58
        Class A-1 Note    Unpaid Interest Shortfall (current cycle)                                                     0.00
        Class A-1 Note    Reserve Fund Amount                                                                     306,930.36
        Investor Loss Amount                                                                                            0.00
        Previous Investor Loss Amount                                                                                   0.00
        Monthly Credit Enhancer Premium 8.6 (d)(ii)                                                                25,825.56
        Credit Enhancer Reimbursement                                                                                   0.00
        Accelerated Principal Distribution Amount                                                                 410,441.62
        Spread Account Deposit                                                                                          0.00
</TABLE>
<PAGE>

<TABLE>
<S>                                                                                                             <C>
        Indenture Trustee Fee 8.6 (d)(i)                                                                            1,291.28
        Management Fee 8.6 (d)(iii)                                                                                   393.40
        Payment to Servicer                                                                                             0.00
        Deferred Interest                                                                                               0.00
        Remaining Amount to Transferor                                                                                  0.00
        Total Certificateholders Distribution Allocable to Interest                                             1,771,011.79

        Maximum Principal Payment                                                                               7,294,196.08
        Scheduled Principal Collection Payment ((x)the excess of Max Prin Pymt (y) the HELOC Pool O/C                   0.00
        Redctin Amt) 8.6(d)(v)
        Accelerated Principal Distribution Amount                                                                 410,441.62
        Loan Loss                                                                                                       0.00
        Class A-1 Overcollateralization Deficit 8.6 (d)(vi)                                                             0.00
        Total Certificateholders Distribution Allocable to Principal                                            7,704,637.70

DISTRIBUTION AMOUNTS Class A-2
        Class A-2 Note    Interest 8.6 (d)(iv)                                                                    235,015.33
        Class A-2 Note    Unpaid Interest Shortfall (current cycle)                                                     0.00
        Class A-2 Note    Reserve Fund Amount                                                                           0.00
        Investor Loss Amount                                                                                            0.00
        Previous Investor Loss Amount                                                                                   0.00
        Monthly Credit Enhancer Premium 8.6 (d)(ii)                                                                 5,847.26
        Credit Enhancer Reimbursement                                                                                   0.00
        Accelerated Principal Distribution Amount                                                                 178,163.50
        Spread Account Deposit                                                                                          0.00
        Indenture Trustee Fee 8.6 (d)(i)                                                                              292.36
        Management Fee 8.6 (d)(iii)                                                                                   106.60
        Payment to Servicer                                                                                             0.00
        Deferred Interest                                                                                               0.00
        Remaining Amount to Transferor                                                                                  0.00
        Total Certificateholders Distribution Allocable to Interest                                               419,425.06

        Maximum Principal Payment                                                                               3,054,472.98
        Scheduled Principal Collection Payment ((x)the excess of Max Prin Pymt (y) the Second Pool O/C                  0.00
        Redctin Amt) 8.6(d)(v)
        Accelerated Principal Distribution Amount                                                                 178,163.50
        Loan Loss                                                                                                       0.00
        Class A-2 Overcollateralization Deficit 8.6 (d)(vi)                                                             0.00
        Total Certificateholders Distribution Allocable to Principal                                            3,232,636.48

TOTAL DISTRIBUTION AMOUNT
        Class A Note    Interest 8.6 (d)(iv)                                                                    1,261,144.91
        Class A Note    Unpaid Interest Shortfall (current cycle) 5.01(i)                                               0.00
        Class A Note    Reserve Fund Amount                                                                       306,930.36
        Investor Loss Amount  5.01(iii)                                                                                 0.00
        Previous Investor Loss Amount 5.01(iv)                                                                          0.00
        Monthly Credit Enhancer Premium 8.6 (d)(ii)                                                                31,672.82
        Credit Enhancer Reimbursement 5.01(vi)                                                                          0.00
        Accelerated Principal Distribution Amount 5.01(vii)                                                       588,605.12
        Spread Account Deposit 5.01(viii)                                                                               0.00
        Indenture  Trustee Fee 8.6 (d)(i)                                                                           1,583.64
        Management Fee 8.6 (d)(iii)                                                                                   500.00
        Payment to Servicer per Section 7.03 5.01 (x)                                                                   0.00
        Deferred Interest 5.01 (xi)                                                                                     0.00
        Remaining Amount to Transferor 5.01 (xii)                                                                       0.00
        Total Certificateholders Distribution Allocable to Interest                                             2,190,436.85
</TABLE>

<PAGE>

<TABLE>
<S>                                                                                                            <C>
        Maximum Principal Payment                                                                              10,348,669.06
        Scheduled Principal Collection Payment                                                                          0.00
        Accelerated Principal Distribution Amount                                                                 588,605.12
        Loan Loss                                                                                                       0.00
        Overcollateralization Deficit 8.6 (d)(vi)                                                                       0.00
        Total Certificateholders Distribution Allocable to Principal                                           10,937,274.18

LOSSES/RETRANSFERS
        Unpaid Class A-1 Note    Interest Shortfall Due (From Previous Distributions)                                   0.00
        Unpaid Class A-2 Note    Interest Shortfall Due (From Previous Distributions)                                   0.00
        Interest Earned on Shortfall @ applicable Certificate Rate                                                      0.00
        Investor Loss Reduction Amount (From Previous Distributions)                                                    0.00

DISTRIBUTION TO CERTIFICATEHOLDERS  (PER CERTIFICATE WITH A $1,000 DENOMINATION) Class A-1
        Total Class A-1 Note Distribution Amount Allocable to Interest                                             5.3091687
        Interest Distribution Amount                                                                               5.3091687
        Unpaid Note Interest Shortfall Included in Current Distribution                                            0.0000000
        Unpaid Note Interest Shortfall Remaining after Current Distribution (Carryover)                            0.0000000

        Total Class A-1 Note Distribution Amount Allocable to Principal                                           39.8636021
        Maximum Principal Payment                                                                                 37.7399875
        Scheduled Principal Collections Payment                                                                    0.0000000
        Loan Loss                                                                                                  0.0000000
        Accelerated Principal Distribution Amount                                                                  2.1236146

Class A-2
        Total Class A-2 Note Distribution Amount Allocable to Interest                                             4.4875946
        Interest Distribution Amount                                                                               4.4875946
        Unpaid Note Interest Shortfall Included in Current Distribution                                            0.0000000
        Unpaid Note Interest Shortfall Remaining after Current Distribution (Carryover)                            0.0000000

        Total Class A-2 Note Distribution Amount Allocable to Principal                                           61.7268757
        Maximum Principal Payment                                                                                 58.3248612
        Scheduled Principal Collections Payment                                                                    0.0000000
        Loan Loss                                                                                                  0.0000000
        Accelerated Principal Distribution Amount                                                                  3.4020145

        Total Interest Amount Distributed to Class A Certificateholder                                             9.7967633
        Total Principal Amount Distributed to Class A Certificateholder                                          101.5904778

        Credit Enhancement Draw Amount                                                                                  0.00

DELINQUENCIES/FORECLOSURES

Class A-1
        Number of Mortgages 30 to 59 Days Delinquent                                                                      78
        Aggregate Principal Balances of Mortgages 30 to 59 Days Delinquent                                      3,673,747.31
        Number of Mortgages 60 to 89 Days Delinquent                                                                       8
        Aggregate Principal Balances of Mortgages 60 to 89 Days Delinquent                                        162,469.62
        Number of Mortgages 90 to 179 Days Delinquent                                                                      6
        Aggregate Principal Balances of Mortgages 90 to 179 Days Delinquent                                       191,030.54
        Number of Mortgages 180 or more Days Delinquent                                                                    1
        Aggregate Principal Balances of Mortgages 180 or more Days Delinquent                                      27,404.78
        Number of Mortgage Loans in Foreclosure                                                                           19
        Aggregate Principal Balances of Mortgage Loans in Foreclosure                                             969,179.93
</TABLE>
<PAGE>

<TABLE>
<S>                                                                                                            <C>
        Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed                                       0.00
        Aggregate Trust Balances of any Liquidated Loans in the Current Month                                           0.00

Class A-2
        Number of Mortgages 30 to 59 Days Delinquent                                                                       6
        Aggregate Principal Balances of Mortgages 30 to 59 Days Delinquent                                        669,376.90
        Number of Mortgages 60 to 89 Days Delinquent                                                                       1
        Aggregate Principal Balances of Mortgages 60 to 89 Days Delinquent                                        294,299.83
        Number of Mortgages 90 to 179 Days Delinquent                                                                      0
        Aggregate Principal Balances of Mortgages 90 to 179 Days Delinquent                                             0.00
        Number of Mortgages 180 or more Days Delinquent                                                                    0
        Aggregate Principal Balances of Mortgages 180 or more Days Delinquent                                           0.00
        Number of Mortgage Loans in Foreclosure                                                                            1
        Aggregate Principal Balances of Mortgage Loans in Foreclosure                                             196,058.94

        Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed                                       0.00
        Aggregate Trust Balances of any Liquidated Loans in the Current Month                                           0.00

TOTAL DELINQUENCIES/FORECLOSURES

        Number of Mortgages 30 to 59 Days Delinquent                                                                      84
        Aggregate Principal Balances of Mortgages 30 to 59 Days Delinquent                                      4,343,124.21
        Number of Mortgages 60 to 89 Days Delinquent                                                                       9
        Aggregate Principal Balances of Mortgages 60 to 89 Days Delinquent                                        456,769.45
        Number of Mortgages 90 to 179 Days Delinquent                                                                      6
        Aggregate Principal Balances of Mortgages 90 to 179 Days Delinquent                                       191,030.54
        Number of Mortgages 180 or more Days Delinquent                                                                    1
        Aggregate Principal Balances of Mortgages 180 or more Days Delinquent                                      27,404.78
        Number of Mortgage Loans in Foreclosure                                                                           20
        Aggregate Principal Balances of Mortgage Loans in Foreclosure                                           1,165,238.87

        Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed                                       0.00
        Aggregate Trust Balances of any Liquidated Loans in the Current Month                                           0.00

=============================================================================================================================

RESERVE FUND ACTIVITY

        Reserve Fund Beginning Balance                                                                                  0.00
        Reserve Fund Deposit                                                                                      306,930.36
        Reserve Bal Subtotal                                                                                      306,930.36
        Reserve Fund Reduction Amt                                                                                      0.00
        Reserve Fund Balance                                                                                      306,930.36

PRE-FUNDED ACCOUNT ACTIVITY

        Beginning Balance Pre-Funded Account                                                                            0.00
        Remaining Amount for Distribution to Classes                                                                    0.00
        Withdrawal for Subsequent Loan Purchase:                                                                        0.00
        Ending Balance Pre-Funded Account                                                                               0.00

        All Computations reflected in this Servicer Certificate were made in
        conformity with the Pooling and Servicing Agreement.

        The Attached Servicing Certificate is true and correct in all material respects.

        -------------------------------------------------------
        A Servicing Officer    Teri Martine
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------
GREENPOINT MORTGAGE                                      STATEMENT TO NOTEHOLDERS
==================================================================================================================
<S>                                  <C>                   <C>                                   <C>
Revolving Home Equity Loan           LIBOR:                6.62125%  Current Collection Period:  09/01/00-09/30/00
Asset-Backed Notes                   Margin:               0.30000%  P&S Agreement Date:             12/1/99
Series 1999-2                        Class A-1  Note Rate: 6.92125%  Original Closing Date:          12/22/99
                                     Class A-2  Note Rate: 7.00125%  Distribution Date:              10/16/00
                                                                     Record Date:                    10/15/00
                                        Interest Period              Pool Factor:                  81.5057819%
                                         09/15/00 thru
                                           10/15/00:          31

==================================================================================================================

                BALANCES
          Beginning HELOC Pool Balance                                                             177,168,728.35
          Beginning Second Lien Pool Balance                                                        40,095,559.54

          Beginning Class A-1 Note Balance -- CUSIP 395385AA5                                      172,170,394.98
          Beginning Class A-2 Note Balance -- CUSIP 395385AB3                                       38,981,757.18

          Ending Class A-1 Pool Balance                                                            169,874,532.27
          Ending Class A-2 Pool Balance                                                             37,041,086.56

          Ending Class A-1 Note Balance -- CUSIP                                                   164,465,757.28
          Ending Class A-2 Note Balance -- CUSIP                                                    35,749,120.70

          Additional Balances  Class A-1                                                             2,596,175.17
          Additional Balances  Class A-2                                                               620,053.01

          Number of all Retransferred Mortgage Loans (Current Retransfer Date)                                  0
          Retransferred Mortgage Loan Trust Balances (Current Retransfer Date)                               0.00
          Cumulative Number of all Retransferred Mortgage Loans (From Previous Distributions)                   0
          Cumulative Retransferred Mortgage Loan Trust Balances (From Previous Distributions)                0.00
          Number of all Subsequent HELOC Mortgage Loans (Current Date)                                          0
          Subsequent HELOC Mortgage Loan Asset Balance (Current Date)                                        0.00
          Number of all Subsequent Second Lien Mortgage Loans (Current Date)                                    0
          Subsequent Second Lien Mortgage Loan Asset Balance (Current Date)                                  0.00
          Number of all Subsequent HLTV Mortgage Loans (Current Date)                                           0
          Subsequent HLTV Mortgage Loan Asset Balance (Current Date)                                         0.00
          Cumulative Number of ALL Subsequent Mortgage Loans                                                    0
          Cumulative Subsequent Mortgage Loan Asset Balance                                                  0.00
          Class A-1 Cumulative Excess of Draws Over Principal Paydown                                        0.00

          Beginning Loan Count                                                                              4,879
          Ending Loan Count                                                                                 4,709

COLLECTION AMOUNTS Class A-1
          Aggregate of All Mortgage Collections                                                     11,661,383.05
          Total Mortgage Interest Collections                                                        1,844,832.10
          Servicing Fees (current collection period)                                                  (73,820.30)
               Mortgage Principal Collections                                                        9,890,371.25
               Pre-Funded Balance                                                                            0.00
                                                                                                             0.00

          Total Mortgage Principal Collections                                                       9,890,371.25
</TABLE>
<PAGE>

<TABLE>
<S>                                                                                                 <C>
COLLECTION AMOUNTS Class A-2
          Aggregate of All Mortgage Collections                                                      4,093,951.05
          Total Mortgage Interest Collections                                                          436,131.54
          Servicing Fees (current collection period)                                                  (16,706.48)
               Mortgage Principal Collections                                                        3,674,525.99
               Pre-Funded Balance                                                                            0.00
                                                                                                             0.00
          Total Mortgage Principal Collections                                                       3,674,525.99

TOTAL COLLECTION AMOUNT
          Aggregate of All Mortgage Collections                                                     15,845,860.88
          Total Mortgage Interest Collections                                                        2,280,963.64
               Mortgage Principal Collections                                                       13,564,897.24
               Pre-Funded Balance                                                                            0.00

          Total Mortgage Principal Collections                                                      13,564,897.24

DISTRIBUTION AMOUNTS Class A-1
          Class A-1 Note    Interest                                                                 1,026,129.58
          Class A-1 Note    Unpaid Interest Shortfall (current cycle)                                        0.00
          Class A-1 Note    Reserve Fund Amount                                                        306,930.36

          Maximum Principal Payment                                                                  7,294,196.08
          Scheduled Principal Collection                                                                     0.00
          Accelerated Principal Distribution Amount                                                    410,441.62
          Loan Loss                                                                                          0.00
          Class A-1 Overcollateralization Deficit                                                            0.00
          Total Certificateholders Distribution Allocable to Principal                               7,704,637.70

DISTRIBUTION AMOUNTS Class A-2
          Class A-2 Note    Interest                                                                   235,015.33
          Class A-2 Note    Unpaid Interest Shortfall (current cycle)                                        0.00
          Class A-2 Note    Reserve Fund Amount                                                              0.00

          Maximum Principal Payment                                                                  3,054,472.98
          Scheduled Principal Collection                                                                     0.00
          Accelerated Principal Distribution Amount                                                    178,163.50
          Loan Loss                                                                                          0.00
          Class A-2 Overcollateralization Deficit                                                            0.00
          Total Certificateholders Distribution Allocable to Principal                               3,232,636.48

TOTAL DISTRIBUTION AMOUNT
          Class A Note Interest                                                                      1,261,144.91
          Class A Note Unpaid Interest Shortfall (current cycle)                                             0.00
          Class A Note  Reserve Fund Amount                                                            306,930.36

          Maximum Principal Payment                                                                 10,348,669.06
          Scheduled Principal Collection Payment                                                             0.00
          Accelerated Principal Distribution Amount                                                    588,605.12
          Overcollateralization Deficit                                                                      0.00
          Total Certificateholders Distribution Allocable to Principal                              10,937,274.18
</TABLE>
<PAGE>

<TABLE>
<S>                                                                                                 <C>
LOSSES/RETRANSFERS

          Unpaid Class A-1 Note    Interest Shortfall Due (From Previous Distributions)                      0.00
          Unpaid Class A-2 Note    Interest Shortfall Due (From Previous Distributions)                      0.00
          Interest Earned on Shortfall @ applicable Certificate Rate                                         0.00
          Investor Loss Reduction Amount (From Previous Distributions)                                       0.00

DISTRIBUTION TO CERTIFICATEHOLDERS  (PER CERTIFICATE WITH A $1,000 DENOMINATION)

Class A-1
          Total Class A-1 Note Distribution Amount Allocable to Interest                                5.3091687
          Interest Distribution Amount                                                                  5.3091687
          Unpaid Note Interest Shortfall Included in Current Distribution                               0.0000000
          Unpaid Note Interest Shortfall Remaining after Current Distribution (Carryover)               0.0000000

          Total Class A-1 Note Distribution Amount Allocable to Principal                              39.8636021
          Maximum Principal Payment                                                                    37.7399875
          Scheduled Principal Collections Payment                                                       0.0000000
          Loan Loss                                                                                     0.0000000
          Accelerated Principal Distribution Amount                                                     2.1236146

Class A-2
          Total Class A-2 Note Distribution Amount Allocable to Interest                                4.4875946
          Interest Distribution Amount                                                                  4.4875946
          Unpaid Note Interest Shortfall Included in Current Distribution                               0.0000000
          Unpaid Note Interest Shortfall Remaining after Current Distribution (Carryover)               0.0000000

          Total Class A-2 Note Distribution Amount Allocable to Principal                              61.7268757
          Maximum Principal Payment                                                                    58.3248612
          Scheduled Principal Collections Payment                                                       0.0000000
          Loan Loss                                                                                     0.0000000
          Accelerated Principal Distribution Amount                                                     3.4020145

          Total Interest Amount Distributed to Class A Certificateholder                                9.7967633
          Total Principal Amount Distributed to Class A Certificateholder                             101.5904778

          Credit Enhancement Draw Amount                                                                     0.00

DELINQUENCIES/FORECLOSURES
Class A-1
          Number of Mortgages 31 to 60 Days Delinquent                                                         78
          Aggregate Principal Balances of Mortgages 31 to 60 Days Delinquent                         3,673,747.31
          Number of Mortgages 61 to 90 Days Delinquent                                                          8
          Aggregate Principal Balances of Mortgages 61 to 90 Days Delinquent                           162,469.62
          Number of Mortgages 91 to 180 or more Days Delinquent                                                 6
          Aggregate Principal Balances of Mortgages 91 to 180 or more Days Delinquent                  191,030.54
          Number of Mortgages 181 or more Days Delinquent                                                       1
          Aggregate Principal Balances of Mortgages 181 or more Days Delinquent                         27,404.78
          Number of Mortgage Loans in Foreclosure                                                              19
          Aggregate Principal Balances of Mortgage Loans in Foreclosure                                969,179.93

          Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed                          0.00
          Aggregate Trust Balances of any Liquidated Loans in the Current Month                              0.00

Class A-2
          Number of Mortgages 31 to 60 Days Delinquent                                                          6
          Aggregate Principal Balances of Mortgages 31 to 60 Days Delinquent                           669,376.90
          Number of Mortgages 61 to 90 Days Delinquent                                                          1
</TABLE>
<PAGE>

<TABLE>
<S>                                                                                                  <C>
          Aggregate Principal Balances of Mortgages 61 to 90 Days Delinquent                           294,299.83
          Number of Mortgages 91 to 180 or more Days Delinquent                                                 0
          Aggregate Principal Balances of Mortgages 91 to 180 or more Days Delinquent                        0.00
          Number of Mortgages 181 or more Days Delinquent                                                       0
          Aggregate Principal Balances of Mortgages 181 or more Days Delinquent                              0.00
          Number of Mortgage Loans in Foreclosure                                                               1
          Aggregate Principal Balances of Mortgage Loans in Foreclosure                                196,058.94

          Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed                          0.00
          Aggregate Trust Balances of any Liquidated Loans in the Current Month                              0.00

TOTAL DELINQUENCIES/FORECLOSURES
          Number of Mortgages 31 to 60 Days Delinquent                                                         84
          Aggregate Principal Balances of Mortgages 31 to 60 Days Delinquent                         4,343,124.21
          Number of Mortgages 61 to 90 Days Delinquent                                                          9
          Aggregate Principal Balances of Mortgages 61 to 90 Days Delinquent                           456,769.45
          Number of Mortgages 91 to 180 or more Days Delinquent                                                 6
          Aggregate Principal Balances of Mortgages 91 to 180 or more Days Delinquent                  191,030.54
          Number of Mortgages 181 or more Days Delinquent                                                       1
          Aggregate Principal Balances of Mortgages 181 or more Days Delinquent                         27,404.78
          Number of Mortgage Loans in Foreclosure                                                              20
          Aggregate Principal Balances of Mortgage Loans in Foreclosure                              1,165,238.87

          Book Value of Real Estate Acquired Through Foreclosure or Grant of a Deed                          0.00
          Aggregate Trust Balances of any Liquidated Loans in the Current Month                              0.00

==================================================================================================================

          Class A-1 Note Rate For Next Distribution        LIBOR     TBD                             #VALUE!

RESERVE FUND ACTIVITY

          Reserve Fund Beginning Balance                                                                     0.00
          Reserve Fund Deposit                                                                         306,930.36
          Reserve Bal Subtotal                                                                         306,930.36
          Reserve Fund Reduction Amt                                                                         0.00
          Reserve Fund Balance                                                                         306,930.36
</TABLE><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

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

ISSUANCE INFORMATION

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

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

     Underwriter(s):         Greenwich Capital Markets, Inc. - Underwriter      Distribution Date:         October 16, 2000
                                                                                Record Date:               October 13, 2000
                                                                                                           September 29, 2000

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

                   GreenPoint Home Equity Loan Trust 2000-1
                   Home Equity Loan Asset-Backed Securities
                                 Series 2000-1
         Certificate Payment Report for October 16, 2000 Distribution

<TABLE>
<CAPTION>
     Distribution in Dollars - Current Period
------------------------------------------------------------------------------------------------------------------------------------
                                     Prior                                                                               Current
         Class      Original       Principal                                    Total        Realized     Deferred      Principal
 Class   Type      Face Value       Balance       Interest      Principal    Distribution     Losses      Interest       Balance
------------------------------------------------------------------------------------------------------------------------------------
                                      (1)            (2)            (3)        (4)=(2)+(3)      (5)           (6)      (7)=(1)-(3)-
                                                                                                                         (5)+(6)
------------------------------------------------------------------------------------------------------------------------------------
<S>   <C>       <C>              <C>             <C>           <C>          <C>             <C>          <C>         <C>
 A-1  FLT,STEP   244,172,000.00   233,681,364.48  1,358,524.46  4,893,100.45  6,251,624.91          -           -    228,788,264.03
 A-2  FLT,STEP   108,598,000.00    98,983,582.59    585,676.92  5,015,793.65  5,601,470.57          -           -     93,967,788.94
  R                           -                -             -             -             -          -           -                 -

------------------------------------------------------------------------------------------------------------------------------------
 Total           352,770,000.00   332,664,947.07  1,944,201.38  9,908,894.10 11,853,095.48          -           -    322,756,052.97
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
Interest Accrual Detail                       Current Period Factor Information per $1,000 of Original Face
------------------------------------------------------------------------------------------------------------------------------------
                                                       Orig.
                                                     Principal
                                                       (with          Prior                                                 Current
         Period    Period                            Notional)      Principal                                  Total       Principal
 Class  Starting   Ending   Method      Cusip         Balance        Balance       Interest     Principal   Distribution    Balance
------------------------------------------------------------------------------------------------------------------------------------
                                                                       (1)            (2)          (3)       (4)=(2)+(3)       (5)
------------------------------------------------------------------------------------------------------------------------------------
<S>     <C>        <C>     <C>        <C>          <C>              <C>           <C>           <C>         <C>          <C>
  A-1                          A-       3133TPCHO  244,172,000.00   957.035878      5.563801    20.039564     25.603365   936.996314
                            Act/360
  A-2                          A-       395385AC1  108,598,000.00   911.467823      5.393073    46.186796     51.579869   865.281027
                            Act/360
   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)-
------------------------------------------------------------------------------------------------------------------------------------
<S>    <C>             <C>           <C>               <C>            <C>            <C>            <C>       <C>      <C>
  A-1   244,172,000.00   4,894,441.29  14,131,573.99   1,252,161.98  15,383,735.97  20,278,177.26        -        -  228,788,264.03
  A-2   108,598,000.00   2,152,227.90  14,168,372.04     461,839.02  14,630,211.06  16,782,438.96        -        -   93,967,788.94
   R                 -              -              -              -              -              -        -        -               -

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

 Total  352,770,000.00   7,046,669.19  28,299,946.03   1,714,001.00  30,013,947.03  37,060,616.22        -        -  322,756,052.97
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
Interest Detail
------------------------------------------------------------------------------------------------------------------------------------
          Pass-    Prior Principal                     Non-          Prior       Unscheduled                  Paid or     Current
         Through   (with Notional)    Accrued       Supported        Unpaid       Interest      Optimal      Deferred      Unpaid
 Class    Rate         Balance        Interest     Interest SF      Interest     Adjustments    Interest     Interest     Interest
------------------------------------------------------------------------------------------------------------------------------------
                                         (1)           (2)            (3)            (4)        (5)=(1)-        (6)      (7)=(5)-(6)
                                                                                              (2)+(3)+(4)
------------------------------------------------------------------------------------------------------------------------------------
<S>     <C>       <C>               <C>            <C>             <C>          <C>           <C>           <C>          <C>
  A-1    6.75125%  233,681,364.48     1,358,524.46              -             -            -  1,358,524.46  1,358,524.46           -
  A-2    6.87125%   98,983,582.59       585,676.92              -             -            -    585,676.92    585,676.92           -
   R                            -                -              -             -            -             -             -           -

------------------------------------------------------------------------------------------------------------------------------------
  Total            332,664,947.07     1,944,201.38              -             -            -  1,944,201.38  1,944,201.38           -
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>

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

SUMMARY                                 POOL II          POOL I           TOTAL
--------------------------------------------------------------------------------

  Net Principal Collections        4,669,338.85    4,040,959.49    8,710,298.34

  TOTAL PRINCIPAL                  4,669,338.85    4,040,959.49    8,710,298.34

  Interest Collections               947,351.28    2,256,332.81    3,203,684.09
  Interest Fees                      (15,219.56)     (45,667.39)     (60,886.95)

  TOTAL INTEREST                     932,131.72    2,210,665.42    3,142,797.14

  TOTAL AVAILABLE FUNDS            5,601,470.57    6,251,624.91   11,853,095.48

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

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

  Principal Collections            7,219,398.75    7,598,753.43   14,818,152.18
  Repurchases/Substitutions                0.00            0.00            0.00
  Liquidations                             0.00            0.00            0.00
  Insurance Principal                      0.00            0.00            0.00
  Liquidation Loss Amounts                 0.00            0.00            0.00
  Additional Balances             (2,550,059.90)  (3,557,793.94)  (6,107,853.84)

  TOTAL PRINCIPAL COLLECTED        4,669,338.85    4,040,959.49    8,710,298.34

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

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

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

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

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

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

  Interest Collections               988,638.18    2,353,813.63    3,342,451.81
  Repurchases/Substitutions                0.00            0.00            0.00
  Liquidations                             0.00            0.00            0.00
  Insurance Interest                       0.00            0.00            0.00
  Other Additional Interest                0.00            0.00            0.00
  Current Servicing Fee              (41,286.90)     (97,480.82)    (138,767.72)

  TOTAL INTEREST                     947,351.28    2,256,332.81    3,203,684.09

--------------------------------------------------------------------------------
<PAGE>

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

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

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

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

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

    Trustee Fee                                                                    784.45        1,852.14         2,636.59
    Certificate Insurer Premium                                                 14,435.11       34,078.53        48,513.64
    Guarantee Fee                                                                    0.00        9,736.72         9,736.72
    Management Fee                                                                   0.00            0.00             0.00

    TOTAL INTEREST  FEES                                                        15,219.56       45,667.39        60,886.95

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

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

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

ACCOUNTS                                                                           POOL II          POOL I            TOTAL
----------------------------------------------------------------------------------------------------------------------------
<S>                                                                                <C>             <C>                <C>

    Beginning Reserve Fund Balance                                                    0.00            0.00             0.00
    Curr Period Amounts Dep to Res Fund                                               0.00            0.00             0.00
    Curr Withdrawal from Reserve Fund                                                 0.00            0.00             0.00
    Reserve Fund Balance                                                              0.00            0.00             0.00

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

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

    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

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

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

    Current Delinquency Percentage                                                 0.0000%         0.0000%          0.0000%
    Rolling Delinquency Percentage                                                 0.0000%         0.0000%          0.0000%

    Prior Overcollateralization Amount                                                0.00            0.00             0.00
    Specified Overcollateralization Amount                                    2,425,281.26    5,452,977.96     7,878,259.22
    Overcollateralization Amount                                                451,425.54    1,124,745.25     1,576,170.79
    Overcollateralization Deficiency Amount                                   1,973,855.72    4,328,232.71     6,302,088.43

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

    Current Accelerated Principal Payment                                       346,454.80      852,140.96     1,198,595.76
    Cumulative Accelerated Principal Payment                                  1,259,147.42    2,942,169.10     4,201,316.52

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

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

COLLATERAL                                                                      POOL II         POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                     <C>             <C>              <C>
      Loan Count:
    Original                                                                      1258            5996             7254
    Prior                                                                        1,147           5,689            6,836
    Prefunding                                                                       1               -                1
    Scheduled Paid Offs                                                              -               -                -
    Full Voluntary Prepayments                                                     (40)           (114)            (154)
    Repurchases                                                                      -               -                -
    Liquidations                                                                     -               -                -
    -------------------------------------------------------------------------------------------------------------------------------
    Current                                                                      1,108           5,575            6,683

    Principal Balance:
    Original                                                            107,790,278.12  242,354,576.15   350,144,854.27
    Prior                                                                99,088,553.33  233,953,968.77   333,042,522.10
    Prefunding                                                            2,550,059.90    3,557,793.94     6,107,853.84
    Scheduled Principal                                                     (51,881.37)    (146,346.55)     (198,227.92)
    Partial and Full Voluntary Prepayments                               (7,167,517.38)  (7,452,406.88)  (14,619,924.26)
    Repurchases                                                                      -               -                -
    -------------------------------------------------------------------------------------------------------------------------------
    Liquidations                                                                     -               -                -
    Current                                                              94,419,214.48  229,913,009.28   324,332,223.76
-----------------------------------------------------------------------------------------------------------------------------------

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

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

CHARACTERISTICS                                                                 POOL II         POOL I            TOTAL
-----------------------------------------------------------------------------------------------------------------------------------

    Weighted Average Coupon Original                                          9.377874%       9.394264%        9.389218%
    Weighted Average Coupon Prior                                            11.733814%      11.884783%       11.839540%
    Weighted Average Coupon Current                                          12.060260%      12.118060%       12.100863%
    -------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Months to Maturity Original                                   200             204              203
    Weighted Average Months to Maturity Prior                                      199             202              201
    Weighted Average Months to Maturity Current                                    197             201              200
    -------------------------------------------------------------------------------------------------------------------------------
    Weighted Avg Remaining Amortization Term Original                              208             205              206
    Weighted Avg Remaining Amortization Term Prior                                 206             203              204
    Weighted Avg Remaining Amortization Term Current                               204             202              203
    -------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Seasoning Original                                           2.71            2.76             2.74
    Weighted Average Seasoning Prior                                              4.73            4.74             4.74
    Weighted Average Seasoning Current                                            5.73            5.73             5.73

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

<TABLE>
<CAPTION>
ARM CHARACTERISTICS                                                                         POOL II          POOL I        TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                       <C>             <C>           <C>
    Weighted Average Margin Original                                                          2.380%          2.530%
    Weighted Average Margin Prior                                                             2.387%          2.499%
    Weighted Average Margin Current                                                           2.385%          2.482%
    -------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Max Rate Original                                                       17.181%         17.075%
    Weighted Average Max Rate Prior                                                          17.160%         17.082%
    Weighted Average Max Rate Current                                                        17.167%         17.075%
    -------------------------------------------------------------------------------------------------------------------------------
    Weighted Average Min Rate Original                                                        3.686%          3.918%
    Weighted Average Min Rate Prior                                                           3.736%          3.875%
    Weighted Average Min Rate Current                                                         3.724%          3.867%
    -------------------------------------------------------------------------------------------------------------------------------
    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                                                                   41,286.90       97,480.82      138,767.72

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

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>
DELINQUENT           Balance                                            160,564.75      225,044.80      108,769.25     2,494,378.80
                     % Balance                                                0.67%           0.07%           0.03%            0.77%
                     # Loans                                                    40               9               2               51
                     % # Loans                                                0.60%           0.13%           0.03%            0.76%
-----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE          Balance                                     -       99,065.54               -      592,401.12       691,466.66
                     % Balance                                0.00%           0.03%           0.00%           0.18%            0.21%
                     # Loans                                     -               1               -              10               11
                     % # Loans                                0.00%           0.01%           0.00%           0.15%            0.16%
-----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY           Balance                            220,925.73       61,664.16       46,746.60      172,266.51       501,603.00
                     % Balance                                0.07%           0.02%           0.01%           0.05%            0.15%
                     # Loans                                     7               1               1               3               12
                     % # Loans                                0.10%           0.01%           0.01%           0.04%            0.18%
-----------------------------------------------------------------------------------------------------------------------------------
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                            220,925.73    2,321,294.45      271,791.40      873,436.88     3,687,448.46
                     % Balance                                0.07%           0.72%           0.08%           0.27%            1.14%
                     # Loans                                     7              42              10              15               74
                     % # Loans                                0.10%           0.63%           0.15%           0.22%            1.11%
-----------------------------------------------------------------------------------------------------------------------------------
Note:  Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
</TABLE>

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

                                                            CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS       TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                         <C>       <C>               <C>             <C>            <C>
DELINQUENT           Balance                                          1,524,714.07      169,187.28      108,769.25     1,802,670.60
                     % Balance                                                0.66%           0.07%           0.05%            0.78%
                     # Loans                                                    33               7               2               42
                     % # Loans                                                0.59%           0.13%           0.04%            0.75%
-----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE          Balance                                     -       99,065.54               -      268,800.42       367,865.96
                     % Balance                                0.00%           0.04%           0.00%           0.12%            0.16%
                     # Loans                                     -               1               -               7                8
                     % # Loans                                0.00%           0.02%           0.00%           0.13%            0.14%
-----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY           Balance                            201,163.33       61,664.16       46,746.60      172,266.51       481,840.60
                     % Balance                                0.09%           0.03%           0.02%           0.07%            0.21%
                     # Loans                                     5               1               1               3               10
                     % # Loans                                0.09%           0.02%           0.02%           0.05%            0.18%
-----------------------------------------------------------------------------------------------------------------------------------
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                            201,163.33    1,685,443.77      215,933.88      549,836.18     2,652,377.16
                     % Balance                                0.09%           0.73%           0.09%           0.24%            1.15%
                     # Loans                                     5              35               8              12               60
                     % # Loans                                0.09%           0.63%           0.14%           0.22%            1.08%
-----------------------------------------------------------------------------------------------------------------------------------
Note: Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
</TABLE>
<PAGE>

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

                                                            CURRENT       1 PAYMENT       2  PAYMTS      3+  PAYMTS         TOTAL
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                                      <C>            <C>              <C>            <C>              <C>
DELINQUENT           Balance                                            635,850.68       55,857.52               -       691,708.20
                     % Balance                                                0.67%           0.06%           0.00%            0.73%
                     # Loans                                                     7               2               -                9
                     % # Loans                                                0.63%           0.18%           0.00%            0.81%
-----------------------------------------------------------------------------------------------------------------------------------
FORECLOSURE          Balance                                     -               -               -      323,600.70       323,600.70
                     % Balance                                0.00%           0.00%           0.00%           0.34%            0.34%
                     # Loans                                     -               -               -               3                3
                     % # Loans                                0.00%           0.00%           0.00%           0.27%            0.27%
-----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY           Balance                             19,762.40               -               -               -        19,762.40
                     % Balance                                0.02%           0.00%           0.00%           0.00%            0.02%
                     # Loans                                     2               -               -               -                2
                     % # Loans                                0.18%           0.00%           0.00%           0.00%            0.18%
-----------------------------------------------------------------------------------------------------------------------------------
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                             19,762.40      635,850.68       55,857.52      323,600.70     1,035,071.30
                     % Balance                                0.02%           0.67%           0.06%           0.34%            1.10%
                     # Loans                                     2               7               2               3               14
                     % # Loans                                0.18%           0.63%           0.18%           0.27%            1.26%
-----------------------------------------------------------------------------------------------------------------------------------
Note:  Current = 0-29days, 1 Payment =30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
</TABLE>
<PAGE>

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

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

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

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

VOLUNTARY PREPAYMENTS                                                                  POOL II          POOL I            TOTAL
--------------------------------------------------------------------------------------------------------------------------------
<S>                                                                              <C>              <C>             <C>
    Current
    Number of Paid in Full Loans
    Number of Repurchased Loans
                                                                                             -               -                -
    ----------------------------------------------------------------------------------------------------------------------------
    Total Number of Loans Prepaid in Full                                                   40             114              154

    Paid in Full Balance                                                          5,497,898.90    5,044,603.97    10,542,502.87
    Repurchased Loans Balance                                                                -               -                -
    Curtailments Amount                                                           1,669,618.48    2,407,802.91     4,077,421.39
    ----------------------------------------------------------------------------------------------------------------------------
    Total Prepayment Amount                                                       7,167,517.38    7,452,406.88    14,619,924.26

    Cumulative
    Number of Paid in Full Loans                                                           152             421              573
    Number of Repurchased Loans                                                              -               -                -
    ----------------------------------------------------------------------------------------------------------------------------
    Total Number of Loans Prepaid in Full                                                  152             421              573

    Paid in Full Balance                                                         16,789,241.12   20,153,779.59    36,943,020.71
    Repurchased Loans Balance                                                                -               -                -
    Curtailments Amount                                                           9,295,276.20   12,115,263.75    21,410,539.95
    ----------------------------------------------------------------------------------------------------------------------------
    Total Prepayment Amount                                                      26,084,517.32   32,269,043.34    58,353,560.66

                                        SPACE INTENTIONALLY LEFT BLANK

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

<TABLE>
<CAPTION>
VOLUNTARY PREPAYMENT RATES                                                             POOL II          POOL I            TOTAL
--------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                   <C>             <C>              <C>
    SMM                                                                                  7.24%           3.19%            4.39%
    3 Months Avg SMM                                                                     6.44%           3.39%            4.31%
    12 Months Avg SMM

    Avg SMM Since Cut-off                                                                6.32%           3.38%            4.27%

    CPR                                                                                 59.40%          32.21%           41.67%
    3 Months Avg CPR                                                                    55.03%          33.92%           41.05%
    12 Months Avg CPR

    Avg CPR Since Cut-off                                                               54.31%          33.81%           40.74%

    PSA                                                                               5187.80%        2808.76%         3635.27%
    3 Months Avg  PSA Approximation                                                   5824.22%        3579.15%         4335.18%
    12 Months Avg PSA Approximation
    Avg PSA Since Cut-off Approximation                                               6432.03%        3984.47%         4808.33%

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

PREPAYMENT CALCULATION METHODOLOGY
--------------------------------------------------------------------------------
    Single Monthly Mortality (SMM): (Voluntary partial and full prepayments +
    Repurchases)/(Beg Principal Balance - Sched Principal) Conditional
    Prepayment Rate (CPR): 1-((1-SMM) 12) PSA Standard Prepayment Model:
    CPR/(0.02*min(30,WAS)) Average SMM over period between nth month and mth
    month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) *.......*(1-SMMm)] (1/months in
    period n,m) Average CPR over period between the nth month and mth month
    (AvgCPRn,m): 1-((1-AvgSMMn,m) 12) Average PSA Approximation over period
    between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m)) Average
    WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months
    in the period n,m) Weighted Average Seasoning (WAS)

    Note: Prepayment rates are calculated since deal issue date and include
    partial and full voluntary prepayments and repurchases.

    Dates correspond to distribution dates.

--------------------------------------------------------------------------------
<PAGE>

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

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

     Cumulative

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

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

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

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

    Avg MDR Since Cut-off                                                              0.00%           0.00%            0.00%

    CDR
    3 Months Avg CDR                                                                   0.00%           0.00%            0.00%
    12 Months Avg CDR                                                                  0.00%           0.00%            0.00%

    Avg CDR Since Cut-off                                                              0.00%           0.00%            0.00%

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

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

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

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

                                       13
<PAGE>

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

<TABLE>
<CAPTION>
SUMMARY                                                  LOAN GROUP
----------------------------------------------           ----------------------------------------------
<S>                                                      <C>
Total Loan Count = 0                                     Loan Group 1 = Pool I Group
Total Original Principal Balance = 0.00                  Loan Group 2 = Pool II Group
Total Prior Principal Balance = 0.00
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>

                                       14
<PAGE>

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

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

TRIGGER EVENTS                                                                   POOL II          POOL I            TOTAL
--------------------------------------------------------------------------------------------------------------------------
<S>                                                                              <C>              <C>               <C>

    Servicer Event of Default                                                         No              No               No

    Insurer Default                                                                   No              No               No

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

ADJUSTABLE RATE CERTIFICATE INFORMATION                                          POOL II          POOL I            TOTAL
--------------------------------------------------------------------------------------------------------------------------
                                             SPACE INTENTIONALLY LEFT BLANK

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

ADDITIONAL INFORMATION                                                           POOL II          POOL I            TOTAL
--------------------------------------------------------------------------------------------------------------------------

    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      108,769.25       108,769.25
    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

    Management Fee Accrued and Unpaid                                             615.68        1,384.32         2,000.00

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

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00017-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00017-of-00352.parquet"}]]