Document:

EXHIBIT 10.1

                                 EXECUTION COPY

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                   RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC.,
                                    Company,

                           GMAC MORTGAGE CORPORATION,
                                    Servicer

                                       and

                        WELLS FARGO BANK MINNESOTA, N.A.,
                                     Trustee

                         POOLING AND SERVICING AGREEMENT

                          Dated as of December 21, 2000

                        GMACM Mortgage Loan Trust 2000-J6
                    Residential Asset Mortgage Products, Inc.
            GMACM Mortgage Pass-Through Certificates, Series 2000-J6

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<PAGE>
<TABLE>
<CAPTION>

                              TABLE OF CONTENTS
                                                                                          Page

<S>                                                                                        <C>
ARTICLE I         DEFINITIONS...............................................................6

        Section 1.01.   Definitions.........................................................6

        Section 1.02.   Use of Words and Phrases...........................................40

ARTICLE II        CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES..........40

        Section 2.01.   Conveyance of Mortgage Loans.......................................40

        Section 2.02.   Acceptance by Trustee..............................................46

        Section 2.03.   Representations, Warranties and Covenants of the Servicer and
                        the Company........................................................47

        Section 2.04.   Representations and Warranties of the Seller.......................48

        Section 2.05.   Execution and Authentication of Certificates.......................50

        Section 2.06.   Negative Covenants of the Trust Fund...............................50

ARTICLE III       ADMINISTRATION AND SERVICING OF MORTGAGE LOANS...........................50

        Section 3.01.   Servicer to Act as Servicer........................................50

        Section 3.02.   Subservicing Agreements Between Servicer and Subservicers;
                        Enforcement of Subservicers' and Sellers' Obligations..............52

        Section 3.03.   Successor Subservicers.............................................52

        Section 3.04.   Liability of the Servicer..........................................52

        Section 3.05.   No Contractual Relationship Between Subservicer and Trustee or
                        Certificateholders.................................................53

        Section 3.06.   Assumption or Termination of Subservicing Agreements by Trustee....53

        Section 3.07.   Collection of Certain Mortgage Loan Payments; Deposits to
                        Custodial Account..................................................53

        Section 3.08.   Subservicing Accounts; Servicing Accounts..........................56

        Section 3.09.   Access to Certain Documentation and Information Regarding the
                        Mortgage Loans.....................................................57

        Section 3.10.   Permitted Withdrawals from the Custodial Account...................57

        Section 3.11.   Maintenance of the Primary Insurance Policies; Collections
                        Thereunder.........................................................59

        Section 3.12.   Maintenance of Fire Insurance and Omissions and Fidelity
                        Coverage...........................................................59

        Section 3.13.   Enforcement of Due-on-Sale Clauses; Assumption and
                        Modification Agreements; Certain Assignments.......................61

        Section 3.14.   Realization Upon Defaulted Mortgage Loans..........................63

<PAGE>

        Section 3.15.   Trustee to Cooperate; Release of Mortgage Files....................65

        Section 3.16.   Servicing and Other Compensation; Compensating Interest............67

        Section 3.17.   Periodic Filings with the Securities and Exchange Commission;
                        Additional Information.............................................68

        Section 3.18.   Annual Statement as to Compliance..................................68

        Section 3.19.   Annual Independent Public Accountants' Servicing Report............68

        Section 3.20.   Rights of the Company in Respect of the Servicer...................69

        Section 3.21.   Administration of Buydown Funds....................................69

ARTICLE IV        PAYMENTS TO CERTIFICATEHOLDERS...........................................69

        Section 4.01.   Payment Account....................................................69

        Section 4.02.   Distributions......................................................70

        Section 4.03.   Statements to Certificateholders...................................79

        Section 4.04.   Distribution of Reports to the Trustee and the Company;
                        Advances by the Servicer...........................................80

        Section 4.05.   Allocation of Realized Losses......................................81

        Section 4.06.   Reports of Foreclosures and Abandonment of Mortgaged Property......82

        Section 4.07.   Optional Purchase of Defaulted Mortgage Loans......................82

        Section 4.08.   Insured Reserve Fund...............................................83

Section 4.09      Determination of LIBOR...................................................84

ARTICLE V         THE CERTIFICATES.........................................................84

        Section 5.01.   The Certificates...................................................84

        Section 5.02.   Registration of Transfer and Exchange of Certificates..............86

        Section 5.03.   Mutilated, Destroyed, Lost or Stolen Certificates..................91

        Section 5.04.   Persons Deemed Owners..............................................92

        Section 5.05.   Appointment of Paying Agent........................................92

        Section 5.06.   Optional Purchase of Certificates..................................92

ARTICLE VI        THE COMPANY AND THE SERVICER.............................................94

        Section 6.01.   Respective Liabilities of the Company and the Servicer.............94

        Section 6.02.   Merger or Consolidation of the Company or the Servicer;
                        Assignment of Rights and Delegation of Duties by Servicer..........94

        Section 6.03.   Limitation on Liability of the Company, the Servicer and Others....95

<PAGE>

        Section 6.04.   Company and Servicer Not to Resign.................................96

ARTICLE VII       DEFAULT..................................................................96

        Section 7.01.   Events of Default..................................................96

        Section 7.02.   Trustee to Act; Appointment of Successor...........................98

        Section 7.03.   Notification to Certificateholders................................100

        Section 7.04.   Waiver of Events of Default.......................................100

ARTICLE VIII      CONCERNING THE TRUSTEE..................................................100

        Section 8.01.   Duties of Trustee.................................................100

        Section 8.02.   Certain Matters Affecting the Trustee.............................102

        Section 8.03.   Trustee Not Liable for Certificates or Mortgage Loans.............103

        Section 8.04.   Trustee May Own Certificates......................................104

        Section 8.05.   Servicer to Pay Trustee's Fees and Expenses; Indemnification......104

        Section 8.06.   Eligibility Requirements for Trustee..............................104

        Section 8.07.   Resignation and Removal of the Trustee............................105

        Section 8.08.   Successor Trustee.................................................106

        Section 8.09.   Merger or Consolidation of Trustee................................106

        Section 8.10.   Appointment of Co-Trustee or Separate Trustee.....................106

        Section 8.11.   Appointment of Custodians.........................................107

        Section 8.12.   Appointment of Office or Agency...................................108

ARTICLE IX        TERMINATION.............................................................108

        Section 9.01.   Termination Upon Purchase by the Servicer or the Company or
                        Liquidation of All Mortgage Loans.................................108

        Section 9.02.   Additional Termination Requirements...............................110

ARTICLE X         REMIC PROVISIONS........................................................111

        Section 10.01.  REMIC Administration..............................................111

        Section 10.02.  Servicer, REMIC Administrator and Trustee Indemnification.........115

        Section 10.03.  Designation of REMIC(s)...........................................115

        Section 10.04.  Distributions on Uncertificated REMIC I Regular Interests and
                        REMIC II Regular Interests........................................116

        Section 10.05.  Compliance with Withholding Requirements..........................117

ARTICLE XI        CERTAIN MATTERS REGARDING AMBAC.........................................117

        Section 11.01.  Rights of Ambac to Exercise Rights of Insured
                        Certificateholders................................................117

<PAGE>

        Section 11.02.  Claims Upon the Ambac Policy; Ambac Policy Payments Account.......118

        Section 11.03.  Effect of Payments by Ambac; Subrogation..........................119

        Section 11.04.  Notices and Information to Ambac; Ambac as Third Party
                        Beneficiary.......................................................119

        Section 11.05.  Trustee to Hold Ambac Policy......................................119

        Section 11.06.  Payment of Insurance Premium......................................120

ARTICLE XII       MISCELLANEOUS PROVISIONS................................................120

        Section 12.01.  Amendment.........................................................120

        Section 12.02.  Recordation of Agreement; Counterparts............................122

        Section 12.03.  Limitation on Rights of Certificateholders........................122

        Section 12.04.  Governing Law.....................................................123

        Section 12.05.  Notices...........................................................123

        Section 12.06.  Required Notices to Rating Agency and Subservicer.................124

        Section 12.07.  Severability of Provisions........................................125

        Section 12.08.  Supplemental Provisions for Resecuritization......................125

        Section 12.09.  Allocation of Voting Rights.......................................126

        Section 12.10.  Non Petition......................................................126

                                    EXHIBITS

Exhibit A-1:...Form of Class A Certificate

Exhibit A-2:...Form of Class IO Certificate

Exhibit A-3:...Form of Class PO Certificate

Exhibit B:.....Form of Class M Certificate

Exhibit C:.....Form of Class B Certificate

Exhibit D:.....Form of Class R Certificate

Exhibit E:.....Mortgage Loan Schedule

Exhibit F:.....Form of Request for Release

Exhibit G-1:...Form of Transfer Affidavit and Agreement

Exhibit G-2:...Form of Transferor Certificate

<PAGE>

Exhibit H:.....Form of Investor Representation Letter

Exhibit I:.....Form of Transferor Representation Letter

Exhibit J:.....Form of Rule 144A Investment Representation Letter

Exhibit K:.....Form of Lender Certification for Assignment of Mortgage Loan

Exhibit L:.....Schedule of Discount Fractions

Exhibit M:.....Information to be Included in Monthly Distribution Date Statement

Exhibit N:.....Form of Initial Certification

Exhibit O:.....Form of Final Certification

Exhibit P:.....Ambac Policy

</TABLE>

<PAGE>

        This is the Pooling and  Servicing  Agreement,  dated as of December 21,
2000 (the "Pooling and Servicing  Agreement" or "Agreement"),  among RESIDENTIAL
ASSET  MORTGAGE  PRODUCTS,  INC.,  as the company  (together  with its permitted
successors and assigns, the "Company"),  GMAC MORTGAGE CORPORATION,  as servicer
(together with its permitted successors and assigns, the "Servicer"),  and WELLS
FARGO BANK MINNESOTA, N.A., a national banking association, as Trustee (together
with its permitted successors and assigns, the "Trustee").

                             PRELIMINARY STATEMENT:

        The  Company   intends  to  sell  mortgage   pass-through   certificates
(collectively, the "Certificates"),  to be issued hereunder in multiple classes,
which in the aggregate will evidence the entire beneficial ownership interest in
the  Mortgage  Loans  (as  defined  herein).   As  provided  herein,  the  REMIC
Administrator  will make an  election  to treat the  entire  segregated  pool of
assets relating to the Mortgage Loans, as described in the definition of REMIC I
below,  as a real estate  mortgage  investment  conduit (a "REMIC")  for federal
income tax purposes,  and such  segregated  pool of assets will be designated as
"REMIC I." The Class R-I Certificates will represent the sole class of "residual
interests" in REMIC I for purposes of the REMIC  Provisions (as defined  herein)
under federal  income tax law. The following  table  irrevocably  sets forth the
designation,  the REMIC I Remittance Rate, the initial  Uncertificated  Balance,
and   solely  for   purposes   of   satisfying   Treasury   Regulation   Section
1.860G-1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC I
Regular Interests. None of the REMIC I Regular Interests will be certificated.

<TABLE>
<CAPTION>

                             Related          REMIC I          Initial             Latest
          Designation      Classes of       Remittance      Uncertificated        Possible
              Date        Certificates         Rate            Balance        Maturity Date(1)

<S>        <C>                     <C>        <C>            <C>                      <C> <C>
         LT1               Class A-1,         7.500%         $80,787,294.74  February 25, 2031
                           Class A-12,
                           Class A-13,
                           Class M-1,
                           Class M-2,
                           Class M-3,
                           Class B-1,
                           Class B-2,
                           Class B-3 and
                           Class R-II
         LT2               Class A-2         7.375%        $165,840,000.00  February 25, 2031
         LT3               Class A-3,        9.000%         $13,820,000.00  February 25, 2031
                           Class A-4
         LT4               Class A-5,        7.250%          $7,974,507.00  February 25, 2031
                           Class A-6
         LT5               Class A-7,        8.000%          $7,173,473.00  February 25, 2031
                           Class A-9,
                           Class A-11
         LT6               Class A-8,        7.000%          $5,599,980.00  February 25, 2031
                           Class A-10
         LTIO              Class IO            (2)                   $0.00  February 25, 2031
         LTPO              Class PO          0.000%          $1,119,215.48  February 25, 2031

</TABLE>
                                        1
<PAGE>

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(1)  Solely  for  purposes  of  Section   1.860G-1(a)(4)(iii)  of  the  Treasury
regulations,  the Distribution Date immediately  following the maturity date for
the  Mortgage  Loan with the latest  maturity  date has been  designated  as the
"latest possible maturity date" for each REMIC I Regular Interest.

(2) With respect to any  Distribution  Date,  the  weighted  average of the Pool
Strip Rates with respect to the  Non-Discount  Mortgage  Loans,  weighted on the
basis of their respective  Stated Principal  Balances  immediately prior to such
Distribution  Date applied to a Notional  Balance equal to the aggregate  Stated
Principal  Balance of the Non-Discount  Mortgage Loans immediately prior to such
Distribution Date.

        As  provided  herein,  the REMIC  Administrator  will elect to treat the
segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC
for federal  income tax  purposes,  and such  segregated  pool of assets will be
designated  as REMIC II. The Class R-II  Certificates  will  represent  the sole
class of "residual  interests" in REMIC II for purposes of the REMIC  Provisions
under federal  income tax law. The following  table  irrevocably  sets forth the
designation,  remittance  rate (the  "REMIC II  Remittance  Rate")  and  initial
Uncertificated  Balance  for each of the  "regular  interests"  in REMIC II (the
"REMIC II Regular  Interests").  The "latest possible maturity date" (determined
solely   for    purposes   of    satisfying    Treasury    regulation    Section
1.860G-1(a)(4)(iii))  for each  REMIC II  Regular  Interest  shall be the  first
Distribution  Date that follows the stated  maturity  date for the Mortgage Loan
included  in the Trust Fund as of the Closing  Date with the  longest  remaining
term to stated maturity.

                                        2

<PAGE>

<TABLE>
<CAPTION>

                              Aggregate
                               Initial
                             Certificate                                       Fitch/
               Pass-Throug    Principal                         Maturity     Standard &        Minimum
 Designation      Rate         Balance        Features(1)         Date         Poor's     Denominations(2)

<S>     <C>      <C>       <C>                                         <C>                   <C>
Class A-1        7.500%    $50,000,000.00     Senior/Fixed    February 25,     AAA/AAA       $25,000.00
                                                  Rate            2031

Class A-2        7.375%    $165,840,000.00    Senior/Fixed    February 25,     AAA/AAA       $25,000.00
                                                  Rate            2031

Class A-3      Variable    $13,820,000.00   Senior/Variable   February 25,     AAA/AAA       $25,000.00
                Rate(3)                       Rate/Floater        2031

Class A-4      Variable         $0.00(5)    Senior/Interest   February 25,     AAA/AAA           (6)
                Rate(4)                      Only/Variable        2031
                                              Rate/Inverse
                                                Floater
                 7.250%
Class A-5                  $3,961,507.00    Senior/Retail/FixeFebruary 25,     AAA/AAA        $1,000.00
                                              Rate/Insured        2031
Class A-6        7.250%
                           $4,213,000.00    Senior/Retail/FixeFebruary 25,     AAA/AAA        $1,000.00
                                              Rate/Insured        2031
Class A-7        8.000%
                           $2,773,493.00    Senior/Retail/FixeFebruary 25,     AAA/AAA        $1,000.00
                                              Rate/Insured        2031
Class A-8        7.000%
                           $3,091,760.00    Senior/Retail/FixeFebruary 25,     AAA/AAA        $1,000.00
                                              Rate/Insured        2031
Class A-9        8.000%
                           $2,429,240.00    Senior/Retail/FixeFebruary 25,     AAA/AAA        $1,000.00
                                              Rate/Insured        2031
Class A-10       7.000%
                           $2,508,240.00    Senior/Retail/FixeFebruary 25,     AAA/AAA        $1,000.00
                                              Rate/Insured        2031
Class A-11       8.000%
                           $1,970,760.00    Senior/Retail/FixeFebruary 25,     AAA/AAA        $1,000.00
                                              Rate/Insured        2031
Class A-12       7.500%
                           $18,231,010.00     Senior/Fixed    February 25,     AAA/AAA       $25,000.00
                                                  Rate            2031
Class A-13       7.500%
                           $31,390,000.00   Senior/Lockout/   February 25,     AAA/AAA       $25,000.00
                                               Fixed Rate         2031
Class PO         0.000%
                           $1,119,215.48    Senior/Principal  February 25,     AAA/AAA       $25,000.00
                                                  Only            2031

Class IO       Variable         $0.00(8)    Senior/Interest   February 25,     AAA/AAA           (9)
                Rate(7)                     Only/Adjustable       2031
                                                  Rate

Class R-I        7.500%          $100.00        Senior/       February 25,     AAA/AAA          (10)
                                             Residual/Fixed       2031
                                                  Rate

Class R-II       7.500%          $100.00        Senior/       February 25,     AAA/AAA          (10)
                                             Residual/Fixed       2031
                                                  Rate

Class M-1        7.500%    $5,650,200.00    Mezzanine/Fixed   February 25,      AA/NA        $25,000.00
                                                  Rate            2031

Class M-2        7.500%    $2,668,200.00    Mezzanine/Fixed   February 25,      A/NA         $250,000.00
                                                  Rate            2031

                                        4

<PAGE>

Class M-3        7.500%    $1,569,500.00    Mezzanine/Fixed   February 25,     BBB/NA        $250,000.00
                                                  Rate            2031

Class B-1        7.500%    $1,098,700.00    Subordinate/Fixed February 25,      BB/NA        $250,000.00
                                                  Rate            2031

Class B-2        7.500%      $784,800.00    Subordinate/Fixed February 25,      B/NA         $250,000.00
                                                  Rate            2031

Class B-3        7.500%      $784,784.74    Subordinate/Fixed February 25,      NA/NA        $250,000.00
                                                  Rate            2031

</TABLE>

(1) The  Certificates  (other than the Class PO,  Class IO,  Class B and Class R
Certificates) shall be Book-Entry Certificates.  The Class PO, Class IO, Class B
and Class R Certificates  shall be delivered to the holders  thereof in physical
form.

(2) The  Certificates  (other  than the  Class  IO,  Class  R-I and  Class  R-II
Certificates)  shall be issuable in minimum  dollar  denominations  as indicated
above (by  Certificate  Principal  Balance  or  Notional  Amount)  and  integral
multiples of $1 (or $1,000 in the case of the Class PO, Class B-1, Class B-2 and
Class B-3 Certificates) in excess thereof, except that one Certificate of any of
the Class PO and Class B-1, Class B-2 and Class B-3 Certificates that contain an
uneven multiple of $1,000 shall be issued in a denomination  equal to the sum of
the related  minimum  denomination  set forth above and such uneven multiple for
such Class or the sum of such denomination and an integral multiple of $1,000.

(3) With respect to the Class A-3 Certificates and any Distribution  Date (other
than the first Distribution  Date), the Pass-Through Rate will equal a per annum
rate  equal to the lesser of: (a) LIBOR plus a margin of 0.40% per annum and (b)
9.00% per annum.  Notwithstanding  the foregoing,  the Pass-Through  Rate on the
Class A-3  Certificates  will not be less  than  0.40% per  annum.  The  initial
Pass-Through  Rate for the  Class A-3  Certificates  shall be equal to 7.02% per
annum.

(4) With respect to the Class A-4 Certificates and any Distribution  Date (other
than the first Distribution  Date), the Pass-Through Rate will equal a per annum
rate equal to 8.60% minus LIBOR.  Notwithstanding the forgoing, the Pass-Through
Rate for the Class A-4  Certificates  will not be less than  0.00%.  The initial
Pass-Through  Rate for the  Class A-4  Certificates  shall be equal to 1.98% per
annum.

(5) The initial Notional Amount for the Class A-4 Certificates shall be equal to
$13,820,000.

(6) The Class A-4 Certificates shall be issuable in minimum denominations of not
less than $2,000,000 Notional Amount.

(7) With respect to the Class IO Certificates and any Distribution  Date, a rate
equal to the  weighted  average  of the  Pool  Strip  Rate of each  Non-Discount
Mortgage Loan weighted on the basis of the respective Stated Principal  Balances
of such Mortgage Loans as of the day  immediately  preceding  such  Distribution
Date  (or,  with  respect  to the  initial  Distribution  Date,  at the close of
business on the Cut-off Date).  The initial  Pass-Through  Rate for the Class IO
Certificates shall be equal to 0.4492%.

(8) The initial Notional Amount for the Class IO Certificates  shall be equal to
$289,330,904.36.

(9) The Class IO Certificates shall be issuable in minimum  denominations of not
less than a 20% Percentage Interest.

(10) The Class R-I and Class  R-II  Certificates  shall be  issuable  in minimum
denominations  of not less than a 20% Percentage  Interest;  provided,  however,
that  one  Class  R-I and one  Class  R-II  will be  issuable  to GMAC  Mortgage
Corporation  as "tax  matters  person"  pursuant to Section  10.01(c) and (e) in
minimum denominations  representing a Percentage Interest of not less than 0.01%
of each of Class R-I and Class R-II.

                                        5

<PAGE>

        The Mortgage Loans have an aggregate principal balance as of the Cut-off
Date of $313,904,610.22.

        In consideration of the mutual agreements herein contained, the Company,
the Servicer and the Trustee agree as follows:

                                   ARTICLE I

                                   DEFINITIONS

Section 1.01...Definitions.

        Whenever used in this Agreement, the following words and phrases, unless
the  context  otherwise  requires,  shall have the  meanings  specified  in this
Article.

        Accrued  Certificate  Interest:  With respect to each Distribution Date,
(a) as to any Class of Certificates  (other than any Class PO  Certificates  and
Interest  Only  Certificates),  interest  accrued  during the  related  Interest
Accrual Period at the related  Pass-Through  Rate on the  Certificate  Principal
Balance thereof  immediately prior to such Distribution Date and (b) in the case
of the Interest Only Certificates,  interest accrued during the related Interest
Accrual Period at the related  Pass-Through  Rate on the Notional Amount thereof
immediately prior to such Distribution Date. Accrued  Certificate  Interest will
be  calculated  on the  basis of a 360-day  year,  consisting  of twelve  30-day
months. In each case Accrued  Certificate  Interest on any Class of Certificates
will be reduced by the amount of:

        (i)    Prepayment  Interest  Shortfalls  on all Mortgage  Loans  prepaid
               during the prior  calendar month (to the extent not offset by the
               Servicer with a payment of  Compensating  Interest as provided in
               Section 4.01),

        (ii)   the interest  portion  (adjusted to the Net Mortgage Rate (or the
               Modified  Net  Mortgage  Rate in the case of a Modified  Mortgage
               Loan)) of Realized Losses on all Mortgage Loans (including Excess
               Special Hazard  Losses,  Excess Fraud Losses,  Excess  Bankruptcy
               Losses and  Extraordinary  Losses) not allocated solely to one or
               more specific Classes of Certificates pursuant to Section 4.05,

        (iii)  the interest  portion of Advances  that were made with respect to
               delinquencies  that  were  ultimately  determined  to  be  Excess
               Special Hazard  Losses,  Excess Fraud Losses,  Excess  Bankruptcy
               Losses or Extraordinary Losses, and

        (iv)   any other interest  shortfalls  not covered by the  subordination
               provided by the Class M  Certificates  and Class B  Certificates,
               including  interest  that is not  collectible  from the Mortgagor
               pursuant to the Relief Act,

with all such reductions  allocated among all of the  Certificates in proportion
to their  respective  amounts of Accrued  Certificate  Interest  payable on such
Distribution  Date absent such  reductions.  In addition to that  portion of the
reductions  described in the preceding  sentence that are allocated to any Class
of  Class  B  Certificates  or  any  Class  of  Class  M  Certificates,  Accrued

                                        6

<PAGE>

Certificate  Interest  on such  Class of Class B  Certificates  or such Class of
Class M Certificates  will be reduced by the interest  portion  (adjusted to the
Net Mortgage Rate) of Realized Losses that are allocated solely to such Class of
Class B Certificates  or such Class of Class M Certificates  pursuant to Section
4.05.

     Advance:  As to any  Mortgage  Loan,  any  advance  made  by the  Servicer,
pursuant to Section 4.04.

        Affiliate:  With respect to any Person,  any other  Person  controlling,
controlled by or under common  control with such first Person.  For the purposes
of this  definition,  "control"  means the power to direct  the  management  and
policies of such Person,  directly or indirectly,  whether through the ownership
of voting securities,  by contract or otherwise; and the terms "controlling" and
"controlled" have meanings correlative to the foregoing.

     Ambac: Ambac Assurance Corporation,  a Wisconsin-domiciled  stock insurance
corporation or its successors in interest.

     Ambac Default:  The existence and continuance of a failure by Ambac to make
a payment required under the Ambac Policy in accordance with its terms.

     Ambac  Insurance  Payment:  Any payment  made by Ambac with  respect to the
Insured Certificates under the Ambac Policy.

     Ambac Policy:  The Certificate  Guaranty  Insurance  Policy (No.  AB0424BE)
issued by Ambac for the  benefit  of the  Holders of the  Insured  Certificates,
including any endorsements thereto, attached as Exhibit P.

     Ambac Policy Payments Account:  The account established pursuant to Section
11.02(b) hereof.

        Amount Held for Future  Distribution:  As to any Distribution  Date, the
total of the amounts held in the  Custodial  Account at the close of business on
the  preceding  Determination  Date  on  account  of (i)  Liquidation  Proceeds,
Insurance  Proceeds,  Curtailments,  Mortgage  Loan  purchases  made pursuant to
Section 2.02, 2.03, 2.04 or 4.07 and Mortgage Loan  substitutions  made pursuant
to Section 2.03 or 2.04 received or made in the month of such  Distribution Date
(other than such  Liquidation  Proceeds,  Insurance  Proceeds  and  purchases of
Mortgage  Loans  that the  Servicer  has  deemed  to have been  received  in the
preceding month in accordance with Section 3.07(b)),  and Principal  Prepayments
in Full received or made after the related  Prepayment Period, and (ii) payments
which  represent  early receipt of scheduled  payments of principal and interest
due on a date or dates subsequent to the related Due Date.

        Appraised  Value:  As to any Mortgaged  Property,  the lesser of (i) the
appraised value of such Mortgaged  Property based upon the appraisal made at the
time of the  origination of the related  Mortgage Loan, and (ii) the sales price
of the Mortgaged  Property at such time of origination,  except in the case of a
Mortgaged  Property  securing a refinanced or modified Mortgage Loan as to which
it is  either  the  appraised  value  determined  above or the  appraised  value
determined in an appraisal at the time of  refinancing or  modification,  as the
case may be, provided that if permitted by the applicable underwriting standards
of the Seller,  the Appraised Value shall be the value of the Mortgaged Property
as stated by the Mortgagor.

                                        7
<PAGE>

        Assignment:  An  assignment  of the  Mortgage,  notice  of  transfer  or
equivalent  instrument,  in recordable  form,  sufficient  under the laws of the
jurisdiction  wherein  the related  Mortgaged  Property is located to reflect of
record  the  sale  of the  Mortgage  Loan to the  Trustee  for  the  benefit  of
Certificateholders,   which   assignment,   notice  of  transfer  or  equivalent
instrument  may be in the  form  of one or  more  blanket  assignments  covering
Mortgages  secured  by  Mortgaged  Properties  located  in the same  county,  if
permitted by law and accompanied by an Opinion of Counsel to that effect.

        Assignment of Proprietary Lease: With respect to a Cooperative Loan, the
assignment of the related Cooperative Lease from the Mortgagor to the originator
of the Cooperative Loan.

        Available  Distribution  Amount: As to any Distribution  Date, an amount
equal to (a) the sum of (i) the amount relating to the Mortgage Loans on deposit
in the  Custodial  Account  as of  the  close  of  business  on the  immediately
preceding  Determination  Date and amounts deposited in the Custodial Account in
connection with the substitution of Qualified  Substitute  Mortgage Loans,  (ii)
the amount of any Advance  made on the  immediately  preceding  Payment  Account
Deposit Date,  (iii) any amount  deposited in the Payment Account on the related
Payment  Account  Deposit  Date  pursuant  to the  second  paragraph  of Section
3.12(a),  (iv) any amount  deposited in the Payment Account  pursuant to Section
4.07, and (v) any amount that the Servicer is not permitted to withdraw from the
Custodial Account pursuant to Section 3.16(e),  reduced by (b) the sum as of the
close  of  business  on the  immediately  preceding  Determination  Date  of (w)
aggregate  Foreclosure  Profits, (x) the Amount Held for Future Distribution and
(y) amounts permitted to be withdrawn by the Servicer from the Custodial Account
in respect of the Mortgage Loans  pursuant to clauses  (ii)-(x),  inclusive,  of
Section 3.10(a).

        Bankruptcy  Amount:  As of any date of determination  prior to the first
anniversary  of the Cut-off Date, an amount equal to the excess,  if any, of (A)
$159,000 over (B) the aggregate amount of Bankruptcy  Losses allocated solely to
one or more specific Classes of Certificates in accordance with Section 4.05. As
of any date of  determination  on or after the first  anniversary of the Cut-off
Date, an amount equal to the excess, if any, of

               (1) the lesser of (a) the Bankruptcy  Amount calculated as of the
        close of business on the Business  Day  immediately  preceding  the most
        recent anniversary of the Cut-off Date coinciding with or preceding such
        date  of  determination  (or,  if  such  date  of  determination  is  an
        anniversary of the Cut-off Date, the Business Day immediately  preceding
        such  date of  determination)  (for  purposes  of this  definition,  the
        "Relevant Anniversary") and (b) the greater of

                      (A)  the  greater  of  (i)  0.0006  times  the   aggregate
                      principal  balance  of  all  the  Mortgage  Loans  in  the
                      Mortgage  Pool as of the  Relevant  Anniversary  having  a
                      Loan-to-Value  Ratio at origination  which exceeds 75% and
                      (ii) $100,000; and

                      (B) the greater of (i) the product of (x) an amount  equal
                      to the largest  difference in the related  Monthly Payment
                      for  any  Non-Primary  Residence  Loan  remaining  in  the
                      Mortgage Pool which had an original Loan-to-Value Ratio of
                      80% or greater that would result if the Net Mortgage  Rate

                                        8

<PAGE>

                      thereof was equal to the  weighted  average  (based on the
                      principal balance of the Mortgage Loans as of the Relevant
                      Anniversary)  of the Net  Mortgage  Rates of all  Mortgage
                      Loans as of the Relevant Anniversary less 1.25% per annum,
                      (y) a number equal to the weighted average  remaining term
                      to maturity, in months, of all Non-Primary Residence Loans
                      remaining  in  the  Mortgage   Pool  as  of  the  Relevant
                      Anniversary,  and (z) one plus the  quotient of the number
                      of  all  Non-Primary  Residence  Loans  remaining  in  the
                      Mortgage  Pool divided by the total number of  Outstanding
                      Mortgage  Loans in the  Mortgage  Pool as of the  Relevant
                      Anniversary,  and (ii)  $50,000,  over  (2) the  aggregate
                      amount of  Bankruptcy  Losses  allocated  solely to one or
                      more specific  Classes of  Certificates in accordance with
                      Section 4.05 since the Relevant Anniversary.

        The Bankruptcy Amount may be further reduced by the Servicer  (including
accelerating  the manner in which such coverage is reduced)  provided that prior
to any such reduction,  the Servicer shall (i) obtain written  confirmation from
each Rating Agency that such reduction  shall not reduce the rating  assigned to
any Class of  Certificates  by such Rating Agency  (without giving effect to the
Ambac  Policy in the case of the  Insured  Certificates)  below the lower of the
then-current  rating  or the  rating  assigned  to such  Certificates  as of the
Closing  Date by such  Rating  Agency  and (ii)  provide a copy of such  written
confirmation to the Trustee and to Ambac.

        Bankruptcy Code:  The Bankruptcy Code of 1978, as amended.

        Bankruptcy  Loss:  With  respect  to  any  Mortgage  Loan,  a  Deficient
Valuation or Debt Service Reduction; provided, however, that neither a Deficient
Valuation  nor a Debt  Service  Reduction  shall  be  deemed a  Bankruptcy  Loss
hereunder  so long as the  Servicer has notified the Trustee in writing that the
Servicer is diligently  pursuing any remedies that may exist in connection  with
the  representations and warranties made regarding the related Mortgage Loan and
either (A) the related  Mortgage  Loan is not in default with regard to payments
due  thereunder or (B)  delinquent  payments of principal and interest under the
related  Mortgage  Loan  and  any  premiums  on any  applicable  primary  hazard
insurance  policy and any related  escrow  payments in respect of such  Mortgage
Loan are being advanced on a current basis by the Servicer or a Subservicer,  in
either case without giving effect to any Debt Service Reduction.

        Book-Entry  Certificate:  Any Certificate  registered in the name of the
Depository or its nominee.

        Business  Day:  Any day other than (i) a Saturday  or a Sunday or (ii) a
day on which  banking  institutions  in the  State  of New  York,  the  State of
Pennsylvania,  the State of Minnesota  or the State of Maryland  (and such other
state or states in which the Custodial Account or the Payment Account are at the
time located) are required or authorized by law or executive order to be closed.

        Buydown  Funds:  Any amount  contributed  by the  seller of a  Mortgaged
Property, the Company or other source in order to enable the Mortgagor to reduce
the payments  required to be made from the Mortgagor's  funds in the early years

                                        9

<PAGE>

of a  Mortgage  Loan.  Buydown  Funds  are not part of the Trust  Fund  prior to
deposit into the Custodial or Payment Account.

        Buydown  Mortgage Loan: Any Mortgage Loan as to which a specified amount
of interest is paid out of related  Buydown Funds in  accordance  with a related
buydown agreement.

        Cash  Liquidation:  As to  any  defaulted  Mortgage  Loan  other  than a
Mortgage Loan as to which an REO Acquisition  occurred,  a determination  by the
Servicer that it has received all Insurance Proceeds,  Liquidation  Proceeds and
other  payments or cash  recoveries  which the Servicer  reasonably  and in good
faith expects to be finally recoverable with respect to such Mortgage Loan.

     Certificate:  Any Class A, Class IO,  Class PO, Class M, Class B or Class R
Certificate.

        Certificateholder  or Holder:  The Person in whose name a Certificate is
registered  in  the  Certificate  Register,  and , in  respect  of  the  Insured
Certificates,  Ambac to the extent of Cumulative Insurance Payments, except that
neither a Disqualified  Organization  nor a Non-United  States Person shall be a
holder of a Class R Certificate  for purposes hereof and, solely for the purpose
of giving any consent or direction pursuant to this Agreement,  any Certificate,
other than a Class R  Certificate,  registered  in the name of the Company,  the
Servicer or any  Subservicer or any Affiliate  thereof shall be deemed not to be
outstanding and the Percentage Interest or Voting Rights evidenced thereby shall
not be taken  into  account  in  determining  whether  the  requisite  amount of
Percentage  Interests or Voting  Rights  necessary to effect any such consent or
direction   has  been   obtained.   All   references   herein  to  "Holders"  or
"Certificateholders"  shall reflect the rights of Certificate Owners as they may
indirectly exercise such rights through the Depository and participating members
thereof,  except as otherwise  specified  herein;  provided,  however,  that the
Trustee shall be required to recognize as a "Holder" or "Certificateholder" only
the  Person  in  whose  name a  Certificate  is  registered  in the  Certificate
Register.

        Certificate Owner: With respect to a Book-Entry Certificate,  the Person
who is the beneficial owner of such Certificate, as reflected on the books of an
indirect participating brokerage firm for which a Depository Participant acts as
agent, if any, and otherwise on the books of a Depository  Participant,  if any,
and otherwise on the books of the Depository.

     Certificate Principal Balance: With respect to each Certificate (other than
any Interest Only  Certificate),  on any date of determination,  an amount equal
to:

          (i)  the Initial Certificate  Principal Balance of such Certificate as
               specified on the face thereof, minus

        (ii)   the  sum  of  (x)  the   aggregate  of  all  amounts   previously
               distributed  with respect to such Certificate (or any predecessor
               Certificate)  and  applied  to reduce the  Certificate  Principal
               Balance thereof pursuant to Section 4.02(a) and (y) the aggregate
               of all reductions in Certificate Principal Balance deemed to have
               occurred in connection with Realized Losses which were previously
               allocated to such  Certificate (or any  predecessor  Certificate)
               pursuant to Section 4.05;

                                        10

<PAGE>

provided,  however, that solely for the purpose of determining Ambac's rights as
subrogee,  the Certificate Principal Balance of any Insured Certificate shall be
deemed to not be reduced by any  principal  amounts  paid to the Holder  thereof
from Ambac Insurance Payments, unless such amounts have been reimbursed to Ambac
pursuant to Section 4.02(a)(xvi);  and provided,  that the Certificate Principal
Balance of the Class of Subordinate Certificates with the Lowest Priority at any
given time shall be calculated  to equal the  Percentage  Interest  evidenced by
such  Certificate  times the excess,  if any, of (A) the then  aggregate  Stated
Principal Balance of the Mortgage Loans over (B) the then aggregate  Certificate
Principal Balance of all other Classes of Certificates then outstanding.

     Certificate Register and Certificate Registrar: The register maintained and
the registrar appointed pursuant to Section 5.02.

     Class: Collectively, all of the Certificates bearing the same designation.

        Class A  Certificate:  Any one of the Class A-1,  Class A-2,  Class A-3,
Class A-4,  Class A-5,  Class A-6,  Class A-7, Class A-8, Class A-9, Class A-10,
Class A-11, Class A-12 and Class A-13 Certificates,  executed by the Trustee and
authenticated  by the Certificate  Registrar  substantially  in the form annexed
hereto as Exhibit A-1.

        Class B Certificate:  Any one of the Certificates  designated as a Class
B-1 Certificate, Class B-2 Certificate or Class B-3 Certificate, executed by the
Trustee and authenticated by the Certificate Registrar substantially in the form
annexed hereto as Exhibit C.

        Class IO Certificate:  Any one of the Certificates designated as a Class
IO  Certificate,  executed by the Trustee and  authenticated  by the Certificate
Registrar substantially in the form annexed hereto as Exhibit A-2.

        Class M Certificate:  Any one of the Certificates  designated as a Class
M-1 Certificate, Class M-2 Certificate or Class M-3 Certificate, executed by the
Trustee and authenticated by the Certificate Registrar substantially in the form
annexed hereto as Exhibit B.

        Class PO Certificate:  Any one of the Certificates designated as a Class
PO  Certificate,  executed by the Trustee and  authenticated  by the Certificate
Registrar substantially in the form annexed hereto as Exhibit A-3.

        Class PO Collection  Shortfall:  With respect to the Cash Liquidation or
REO  Disposition  of a Discount  Mortgage Loan and any  Distribution  Date,  the
excess of the  amount  described  in  Section  4.02(b)(i)(C)(1)  over the amount
described in Section 4.02(b)(i)(C)(2).

        Class PO Principal Distribution Amount:  As defined in Section 4.02.

        Class R Certificate: Any one of the Class R-I Certificates or Class R-II
Certificates  executed  by the  Trustee  and  authenticated  by the  Certificate
Registrar  substantially  in the form annexed hereto as Exhibit D and evidencing
an interest designated as a "residual interest" in the REMIC for purposes of the
REMIC Provisions.

                                        11

<PAGE>

        Class R-I Certificate: Any one of the Class R-I Certificates executed by
the Trustee and authenticated by the Certificate Registrar  substantially in the
form annexed  hereto as Exhibit D and  evidencing  an interest  designated  as a
"residual interest" in REMIC I for purposes of the REMIC Provisions.

        Class R-II Certificate:  Any one of the Class R-II Certificates executed
by the Trustee and authenticated by the Certificate  Registrar  substantially in
the form annexed hereto as Exhibit D and evidencing an interest  designated as a
"residual interest" in REMIC II for purposes of the REMIC Provisions.

        Closing Date:  December 21, 2000.

        Code:  The Internal Revenue Code of 1986.

        Compensating Interest:  With respect to any Distribution Date, an amount
(but not in excess of the  Servicing  Fee for such  Distribution  Date) equal to
Prepayment  Interest  Shortfalls  resulting from  Principal  Prepayments in Full
during the prior calendar month and resulting from Curtailments during the prior
calendar month.

        Cooperative:  A private,  cooperative  housing corporation which owns or
leases land and all or part of a building or  buildings,  including  apartments,
spaces used for commercial  purposes and common areas therein and whose board of
directors authorizes, among other things, the sale of Cooperative Stock.

        Cooperative  Apartment:  A dwelling  unit in a  multi-dwelling  building
owned or leased by a  Cooperative,  which unit the  Mortgagor  has an  exclusive
right to  occupy  pursuant  to the  terms of a  proprietary  lease or  occupancy
agreement.

        Cooperative  Lease:  With respect to a Cooperative Loan, the proprietary
lease or occupancy agreement with respect to the Cooperative  Apartment occupied
by the Mortgagor and relating to the related  Cooperative  Stock, which lease or
agreement  confers an exclusive right to the holder of such Cooperative Stock to
occupy such apartment.

        Cooperative  Loans:  Any of the  Mortgage  Loans  made in  respect  of a
Cooperative  Apartment,  evidenced  by a  Mortgage  Note  and  secured  by (i) a
Security  Agreement,  (ii) the related  Cooperative Stock Certificate,  (iii) an
assignment of the Cooperative  Lease, (iv) financing  statements and (v) a stock
power (or other  similar  instrument),  and  ancillary  thereto,  a  recognition
agreement  between the Cooperative  and the originator of the Cooperative  Loan,
each of which was  transferred  and assigned to the Trustee  pursuant to Section
2.01 and are from time to time held as part of the Trust Fund.

     Cooperative   Stock:  With  respect  to  a  Cooperative  Loan,  the  single
outstanding class of stock,  partnership  interest or other ownership instrument
in the related Cooperative.

     Cooperative  Stock  Certificate:  With respect to a Cooperative  Loan,  the
stock certificate or other instrument evidencing the related Cooperative Stock.

                                        12

<PAGE>

        Corporate Trust Office:  The principal office of the Trustee at which at
any particular  time its corporate trust business with respect to this Agreement
shall  be  administered,  which  office  at the  date of the  execution  of this
instrument is located at Wells Fargo Center,  Sixth and Marquette,  Minneapolis,
Minnesota  55479-1026,  Attention:  Corporate Trust, GMACM Mortgage Pass-Through
Certificates, Series 2000-J6.

        Credit Support Depletion Date: The first  Distribution Date on which the
Certificate Principal Balances of the Subordinate Certificates have been reduced
to zero.

        Cumulative  Insurance  Payments:  As of any time of  determination,  the
aggregate of all Ambac  Insurance  Payments  previously  made by Ambac under the
Ambac  Policy  minus the  aggregate  of all  payments  previously  made to Ambac
pursuant to Section  4.02(a)(xvi) hereof or otherwise as reimbursement for Ambac
Insurance Payments.

     Curtailment:  Any Principal  Prepayment  made by a Mortgagor which is not a
Principal Prepayment in Full.

        Custodial  Account:  The  custodial  account  or  accounts  created  and
maintained pursuant to Section 3.07, into which the amounts set forth in Section
3.07 shall be deposited directly.

        Custodial  Agreement:  An  agreement  that may be entered into among the
Servicer,  the Trustee and a Custodian pursuant to which the Custodian will hold
certain documents relating to the Mortgage Loans on behalf of the Trustee.

        Custodian:  A custodian appointed pursuant to a Custodial Agreement.

        Cut-off Date:  December 1, 2000.

        Cut-off Date  Principal  Balance:  As to any Mortgage  Loan,  the unpaid
principal  balance  thereof  at the  Cut-off  Date  after  giving  effect to all
installments of principal due on or prior thereto, whether or not received.

        Debt Service  Reduction:  With respect to any Mortgage Loan, a reduction
in the scheduled  Monthly Payment for such Mortgage Loan by a court of competent
jurisdiction in a proceeding under the Bankruptcy Code,  except such a reduction
constituting a Deficient  Valuation or any reduction that results in a permanent
forgiveness of principal.

     Deficient  Valuation:  With respect to any Mortgage  Loan, a valuation by a
court of competent jurisdiction of the Mortgaged Property in an amount less than
the then outstanding  indebtedness  under the Mortgage Loan, or any reduction in
the amount of  principal to be paid in  connection  with any  scheduled  Monthly
Payment that constitutes a permanent  forgiveness of principal,  which valuation
or reduction results from a proceeding under the Bankruptcy Code.

     Definitive   Certificate:   Any   Certificate   other  than  a   Book-Entry
Certificate.

     Deleted  Mortgage  Loan: A Mortgage  Loan replaced or to be replaced with a
Qualified Substitute Mortgage Loan.

                                        13

<PAGE>

        Delinquent:  As used herein, a Mortgage Loan is considered to be: "30 to
59 days" or "30 or more days" delinquent when a payment due on any scheduled due
date  remains  unpaid  as of the  close of  business  on the last  business  day
immediately  prior to the next following  monthly  scheduled due date; "60 to 89
days" or "60 or more days"  delinquent  when a payment due on any  scheduled due
date  remains  unpaid  as of the  close of  business  on the last  business  day
immediately prior to the second following monthly scheduled due date; and so on.
The  determination  as to whether a Mortgage Loan falls into these categories is
made as of the close of business  on the last  business  day of each month.  For
example, a Mortgage Loan with a payment due on July 1 that remained unpaid as of
the close of  business on July 31 would then be  considered  to be 30 to 59 days
delinquent.  Delinquency  information  as of the Cut-off Date is determined  and
prepared as of the close of business on the last business day immediately  prior
to the Cut-off Date.

        Depository:  The Depository Trust Company,  or any successor  Depository
hereafter  named.  The  nominee  of  the  initial  Depository  for  purposes  of
registering those Certificates that are to be Book-Entry  Certificates is Cede &
Co. The Depository shall at all times be a "clearing  corporation" as defined in
Section  8-102(a)(5) of the Uniform Commercial Code of the State of New York and
a "clearing agency" registered  pursuant to the provisions of Section 17A of the
Securities Exchange Act of 1934, as amended.

        Depository  Participant:  A  broker,  dealer,  bank or  other  financial
institution  or other  Person  for whom from time to time a  Depository  effects
book-entry transfers and pledges of securities deposited with the Depository.

     Destroyed  Mortgage  Note:  A  Mortgage  Note the  original  of  which  was
permanently lost or destroyed and has not been replaced.

        Determination  Date: With respect to any Distribution Date, the 15th day
(or if such  15th  day is not a  Business  Day,  the  Business  Day  immediately
following such 15th day) of the month of the related Distribution Date.

        Discount  Fraction:  With respect to each Discount  Mortgage  Loan,  the
fraction  expressed as a percentage,  the numerator of which is the Discount Net
Mortgage Rate minus the Net Mortgage Rate (or the initial Net Mortgage Rate with
respect to any Discount Mortgage Loans as to which the Mortgage Rate is modified
pursuant to 3.07(a)) for such Mortgage Loan and the  denominator of which is the
Discount Net Mortgage Rate. The Discount  Fraction with respect to each Discount
Mortgage Loan is set forth as on Exhibit L attached hereto.

        Discount Mortgage Loan: Any Mortgage Loan having a Net Mortgage Rate (or
the initial Net Mortgage  Rate) of less than the Discount Net Mortgage  Rate per
annum and any Mortgage  Loan deemed to be a Discount  Mortgage  Loan pursuant to
the definition of Qualified Substitute Mortgage Loan.

        Discount Net Mortgage Rate:  7.50% per annum.

        Disqualified  Organization:  Any organization defined as a "disqualified
organization"  under  Section  860E(e)(5)  of the  Code,  and  if not  otherwise
included,  any of the following:  (i) the United States,  any State or political
subdivision  thereof,  any  possession  of the United  States,  or any agency or

                                        14

<PAGE>

instrumentality of any of the foregoing (other than an instrumentality  which is
a  corporation  if all of its  activities  are  subject  to tax and,  except for
Freddie  Mac, a  majority  of its board of  directors  is not  selected  by such
governmental unit), (ii) a foreign government,  any international  organization,
or any agency or instrumentality of any of the foregoing, (iii) any organization
(other than certain farmers' cooperatives  described in Section 521 of the Code)
which is exempt from the tax imposed by Chapter 1 of the Code (including the tax
imposed by Section 511 of the Code on unrelated  business taxable income),  (iv)
rural electric and telephone  cooperatives described in Section 1381(a)(2)(C) of
the Code, (v) any "electing large  partnership," as defined in Section 775(a) of
the Code and (vi) any other Person so  designated  by the Trustee  based upon an
Opinion  of  Counsel  that the  holding of an  Ownership  Interest  in a Class R
Certificate  by such  Person may cause the Trust  Fund or any  Person  having an
Ownership  Interest in any Class of  Certificates  (other  than such  Person) to
incur a liability  for any  federal  tax  imposed  under the Code that would not
otherwise be imposed but for the Transfer of an Ownership  Interest in a Class R
Certificate   to  such  Person.   The  terms   "United   States",   "State"  and
"international  organization"  shall have the meanings set forth in Section 7701
of the Code or successor provisions.

        Distribution  Date:  The 25th day of any  month  beginning  in the month
immediately  following the month of the initial issuance of the Certificates or,
if such 25th day is not a Business Day, the Business Day  immediately  following
such 25th day.

     Due Date: With respect to any Distribution  Date and any Mortgage Loan, the
day during the related Due Period on which the Monthly Payment is due.

        Due Period:  With  respect to each  Distribution  Date and any  Mortgage
Loan, the period commencing on the second day of the month prior to the month in
which such  Distribution Date occurs and ending on the first day of the month in
which such Distribution Date occurs.

        Eligible  Account:  An  account  that  is  any  of  the  following:  (i)
maintained with a federal or state chartered depository institution the accounts
of which are insured by the FDIC (to the limits established by the FDIC) and the
short-term debt ratings and the long-term  deposit ratings of which are rated in
one of the two highest rating categories by the Rating Agencies, or (ii) a trust
account or  accounts  maintained  with a federal or state  chartered  depository
institution or trust company with trust powers acting in its fiduciary capacity,
or  (iii)  in the case of the  Payment  Account,  a trust  account  or  accounts
maintained in the corporate trust division of the Trustee, or (iv) an account or
accounts  of a  depository  institution  acceptable  to each  Rating  Agency (as
evidenced  in writing by each Rating  Agency that use of any such account as the
Custodial  Account or the Payment Account will not reduce the rating assigned to
any Class of  Certificates  by such Rating Agency  (without giving effect to the
Ambac  Policy in the case of the  Insured  Certificates)  below the lower of the
then-current  rating  or the  rating  assigned  to such  Certificates  as of the
Closing Date by such Rating Agency).

        Eligible Funds: On any  Distribution  Date, the portion,  if any, of the
Available  Distribution  Amount  remaining after reduction by the sum of (i) the
aggregate  amount of Accrued  Certificate  Interest on the Senior  Certificates,
(ii) the Senior  Principal  Distribution  Amount  (determined  without regard to
Section  4.02(a)(ii)(Y)(D)  hereof),  (iii) the Class PO Principal  Distribution
Amount (determined without regard to Section  4.02(b)(i)(E) hereof) and (iv) the
aggregate amount of Accrued  Certificate  Interest on the Class M, Class B-1 and
Class B-2 Certificates.

                                        15

<PAGE>

        Event of Default:  As defined in Section 7.01.

     Excess  Bankruptcy  Loss: Any Bankruptcy  Loss, or portion  thereof,  which
exceeds the then applicable Bankruptcy Amount.

     Excess Fraud Loss:  Any Fraud Loss, or portion  thereof,  which exceeds the
then applicable Fraud Loss Amount.

     Excess Special  Hazard Loss:  Any Special Hazard Loss, or portion  thereof,
that exceeds the then applicable Special Hazard Amount.

        Excess  Subordinate  Principal Amount:  With respect to any Distribution
Date on which  the  aggregate  Certificate  Principal  Balance  of the  Class of
Subordinate  Certificates  then  outstanding  with the Lowest  Priority is to be
reduced to zero and on which  Realized  Losses are to be allocated to such class
or classes,  the  excess,  if any,  of (i) the amount  that would  otherwise  be
distributable  in respect of principal on such class or classes of  Certificates
on such  Distribution  Date  over  (ii) the  excess,  if any,  of the  aggregate
Certificate   Principal  Balance  of  such  class  or  classes  of  Certificates
immediately  prior to such  Distribution  Date  over  the  aggregate  amount  of
Realized  Losses  to be  allocated  to  such  classes  of  Certificates  on such
Distribution  Date as  reduced  by any  amount  calculated  pursuant  to Section
4.02(b)(i)(E) hereof.

        Extraordinary  Events: Any of the following conditions with respect to a
Mortgaged  Property  (or, with respect to a Cooperative  Loan,  the  Cooperative
Apartment)  or Mortgage  Loan  causing or  resulting  in a loss which causes the
liquidation of such Mortgage Loan:

               (a)  losses  that are of the type that  would be  covered  by the
        fidelity bond and the errors and omissions  insurance policy required to
        be  maintained  pursuant  to  Section  3.12(b)  but are in excess of the
        coverage maintained thereunder;

               (b)  nuclear   reaction  or  nuclear   radiation  or  radioactive
        contamination,  all whether controlled or uncontrolled, and whether such
        loss be direct  or  indirect,  proximate  or remote or be in whole or in
        part caused by,  contributed  to or aggravated by a peril covered by the
        definition of the term "Special Hazard Loss";

               (c) hostile or warlike action in time of peace or war,  including
        action in hindering, combating or defending against an actual, impending
        or expected attack:

                    1.   by any  government  or sovereign  power,  de jure or de
                         facto,  or  by  any  authority   maintaining  or  using
                         military, naval or air forces; or

                      2.     by military, naval or air forces; or

                    3.   by an agent of any such government, power, authority or
                         forces;

               (d) any weapon of war  employing  atomic  fission or  radioactive
          force whether in time of peace or war; or

                                        16

<PAGE>

               (e) insurrection, rebellion, revolution, civil war, usurped power
        or action taken by  governmental  authority in  hindering,  combating or
        defending  against  such an  occurrence,  seizure or  destruction  under
        quarantine  or  customs  regulations,   confiscation  by  order  of  any
        government  or  public  authority;  or risks of  contraband  or  illegal
        transportation or trade.

     Extraordinary  Losses:  Any loss  incurred on a Mortgage  Loan caused by or
resulting from an Extraordinary Event.

        Fannie Mae:  Federal  National  Mortgage  Association,  or Fannie Mae, a
federally chartered and privately owned corporation organized and existing under
the Federal National Mortgage Association Charter Act, or any successor thereto.

     FASIT:  A "financial  asset  securitization  investment  trust"  within the
meaning of Section 860L of the Code.

        FDIC:  Federal Deposit Insurance Corporation or any successor thereto.

        Final  Distribution  Date:  The  Distribution  Date on which  the  final
distribution  in respect of the  Certificates  will be made  pursuant to Section
9.01, which Final  Distribution  Date shall in no event be later than the end of
the 90-day liquidation period described in Section 9.02.

        Fitch:  Fitch, Inc. or its successor in interest.

        Foreclosure   Profits:   As  to  any   Distribution   Date  or   related
Determination  Date and any Mortgage  Loan,  the excess,  if any, of Liquidation
Proceeds,  Insurance Proceeds and REO Proceeds (net of all amounts  reimbursable
therefrom  pursuant to Section  3.10(a)(ii)) in respect of each Mortgage Loan or
REO Property for which a Cash  Liquidation  or REO  Disposition  occurred in the
related  Prepayment  Period over the sum of the unpaid principal balance of such
Mortgage Loan or REO Property (determined, in the case of an REO Disposition, in
accordance  with Section 3.14) plus accrued and unpaid  interest at the Mortgage
Rate on such unpaid  principal  balance from the Due Date to which  interest was
last paid by the Mortgagor to the first day of the month  following the month in
which such Cash Liquidation or REO Disposition occurred.

     Fraud Losses:  Losses on Mortgage  Loans as to which there was fraud in the
origination of such Mortgage Loan.

        Fraud Loss  Amount:  As of any date of  determination  after the Cut-off
Date, an amount equal to: (X) prior to the third anniversary of the Cut-off Date
an amount equal to 1.00% of the aggregate  outstanding  principal balance of all
of the Mortgage Loans as of the Cut-off Date minus the aggregate amount of Fraud
Losses  allocated  solely to one or more  specific  Classes of  Certificates  in
accordance  with  Section  4.05  since  the  Cut-off  Date  up to  such  date of
determination  and (Y) from the third to the fifth  anniversary  of the  Cut-off
Date,  an amount  equal to (1) the lesser of (a) the Fraud Loss Amount as of the

                                        17

<PAGE>

most  recent  anniversary  of the  Cut-off  Date and (b) 0.50% of the  aggregate
outstanding principal balance of all of the Mortgage Loans as of the most recent
anniversary  of the Cut-off Date minus (2) the aggregate  amount of Fraud Losses
allocated  solely to one or more specific  Classes of Certificates in accordance
with  Section 4.05 since the most recent  anniversary  of the Cut-off Date up to
such date of  determination.  On and after the fifth  anniversary of the Cut-off
Date, the Fraud Loss Amount shall be zero.

        The Fraud Loss Amount may be further reduced by the Servicer  (including
accelerating  the manner in which such coverage is reduced)  provided that prior
to any such reduction,  the Servicer shall (i) obtain written  confirmation from
each Rating Agency that such reduction  shall not reduce the rating  assigned to
any Class of  Certificates  by such Rating Agency  (without giving effect to the
Ambac  Policy in the case of the  Insured  Certificates)  below the lower of the
then-current  rating  or the  rating  assigned  to such  Certificates  as of the
Closing  Date by such  Rating  Agency  and (ii)  provide a copy of such  written
confirmation to the Trustee and to Ambac.

        Freddie Mac: Federal Home Loan Mortgage  Corporation,  or Freddie Mac, a
corporate  instrumentality of the United States created and existing under Title
III of the  Emergency  Home Finance Act of 1970,  as amended,  or any  successor
thereto.

        GMAC Mortgage  Corporation:  GMAC Mortgage  Corporation,  a Pennsylvania
corporation, in its capacity as seller of the Mortgage Loans to the Company, and
any successor thereto.

        Guaranteed Distribution:  With respect to the Insured Certificates as of
any Distribution Date (after  application of amounts in the Insured Reserve Fund
and any  Compensating  Interest  allocated  to the  Insured  Certificates),  the
distribution  to be  made  to the  Holders  of the  Insured  Certificates  in an
aggregate  amount  equal to the sum of (1)  interest  for the  related  Interest
Accrual Period on the Certificate  Principal Balance of the Insured Certificates
at the related  Pass-Through  Rate,  (2) the  principal  portion of any Realized
Losses allocated to the Insured  Certificates on such Distribution Date, and (3)
the  Certificate  Principal  Balance of the Insured  Certificates  to the extent
unpaid on the final  Distribution Date or earlier  termination of the Trust Fund
pursuant to the terms of the Agreement.

        Highest  Priority:  As of  any  date  of  determination,  the  Class  of
Subordinate  Certificates  then  outstanding  with  the  earliest  priority  for
payments pursuant to Section 4.02(a),  in the following order:  Class M-1, Class
M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates.

        Independent:  When used with respect to any specified Person, means such
a Person who (i) is in fact  independent  of the  Company,  the Servicer and the
Trustee,  or any  Affiliate  thereof,  (ii) does not have any  direct  financial
interest  or any  material  indirect  financial  interest  in the  Company,  the
Servicer or the Trustee or in an Affiliate  thereof,  and (iii) is not connected
with the Company, the Servicer or the Trustee as an officer, employee, promoter,
underwriter, trustee, partner, director or person performing similar functions.

        Indirect Depository Participant: An institution that is not a Depository
Participant  but clears  through or  maintains  a  custodial  relationship  with
Participants and has access to the Depository's clearing system.

     Individual  Insured  Certificate:  An Insured  Certificate  that  evidences
$1,000 Initial Certificate Principal Balance.

                                        18

<PAGE>

        Initial  Certificate  Principal  Balance:  With respect to each Class of
Certificates, the Certificate Principal Balance of such Class of Certificates as
of the Cut-off Date, as set forth in the Preliminary Statement hereto.

        Initial   Subordinate  Class  Percentage:   Initial   Subordinate  Class
Percentage:  With respect to each Class of Subordinate  Certificates,  an amount
which is equal to the initial  aggregate  Certificate  Principal Balance of such
Class of  Subordinate  Certificates  divided by the aggregate  Stated  Principal
Balance of all the Mortgage Loans as of the Cut-off Date as follows:

                        Class M-1: 1.80% Class B-1: 0.35%
                        Class M-2: 0.85% Class B-2: 0.25%
                        Class M-3: 0.50% Class B-3: 0.25%

        Insurance Premium: With respect to the Ambac Policy and any Distribution
Date,  an  amount  equal to  one-twelfth  (1/12)  of  0.06%  of the  Certificate
Principal  Balance  of  the  Insured  Certificates  immediately  prior  to  such
Distribution Date.

        Insurance  Proceeds:  Proceeds  paid in  respect of the  Mortgage  Loans
pursuant to any Primary  Insurance Policy or any other related  insurance policy
covering  a Mortgage  Loan  (excluding  the Ambac  Policy),  to the extent  such
proceeds are payable to the mortgagee under the Mortgage,  any Subservicer,  the
Servicer or the Trustee  and are not applied to the  restoration  of the related
Mortgaged  Property  (or,  with  respect  to a  Cooperative  Loan,  the  related
Cooperative  Apartment)  or released to the  Mortgagor  in  accordance  with the
procedures  that the Servicer would follow in servicing  mortgage loans held for
its own account.

        Insured Certificateholder:  A Holder of an Insured Certificate.

     Insured Certificates: Any one of the Class A-5, Class A-6, Class A-7, Class
A-8, Class A-9, Class A-10 or Class A-11 Certificates.

     Insured Reserve Fund: The account  established  and maintained  pursuant to
Section 4.08 herein.

     Insured Reserve Withdrawal: As defined in Section 4.08.

     Insurer:  Any named  insurer  under  any  Primary  Insurance  Policy or any
successor thereto or the named insurer in any replacement policy.

        Interest Accrual Period:  With respect to any  Certificates,  other than
the Variable Rate  Certificates,  and any Distribution  Date, the calendar month
preceding the month in which such Distribution Date occurs.  With respect to the
Variable  Rate  Certificates  and any  Distribution  Date,  the one month period
beginning on the 25th day of the preceding calendar month and ending on the 24th
day of the month in which such Distribution Date occurs.

     Interest Only  Certificates:  Any one of the  Certificates  designated as a
Class A-4 Certificate or a Class IO Certificate.  The Interest Only Certificates
will have no Certificate Principal Balance.

                                        19

<PAGE>

        Issuer Exemption:  As defined in Section 5.02.

     Junior Certificateholder: The Holder of not less than 95% of the Percentage
Interests of the Junior Class of Certificates.

        Junior  Class of  Certificates:  The Class of  Subordinate  Certificates
outstanding  as of the date of the  repurchase  of a Mortgage  Loan  pursuant to
Section 4.07 herein that has the Lowest Priority.

        Late  Collections:  With  respect  to any  Mortgage  Loan,  all  amounts
received during any Due Period,  whether as late payments of Monthly Payments or
as Insurance Proceeds,  Liquidation Proceeds or otherwise,  which represent late
payments or  collections  of Monthly  Payments due but delinquent for a previous
Due Period and not previously recovered.

        LIBOR: With respect to any Distribution Date, the arithmetic mean of the
London  interbank  offered rate  quotations for one-month  Eurodollar  deposits,
determined on the preceding  LIBOR Rate  Adjustment Date as set forth in Section
4.09 hereof.

        LIBOR  Business  Day:  Any day other than (i) a Saturday  or a Sunday or
(ii) a day on which  banking  institutions  in the city of London,  England  are
required or authorized by law to be closed.

        LIBOR Rate Adjustment  Date: With respect to any Interest Accrual Period
for the Variable Rate Certificates,  the second LIBOR Business Day preceding the
commencement of such Interest Accrual Period.

        Liquidation  Proceeds:  Amounts (other than Insurance Proceeds) received
by the Servicer in connection with the taking of an entire Mortgaged Property by
exercise of the power of eminent domain or  condemnation  or in connection  with
the liquidation of a defaulted Mortgage Loan through trustee's sale, foreclosure
sale or otherwise, other than REO Proceeds.

        Loan-to-Value  Ratio:  As of any  date,  the  fraction,  expressed  as a
percentage,  the  numerator  of which is the  current  principal  balance of the
related Mortgage Loan at the date of determination  and the denominator of which
is the Appraised Value of the related Mortgaged Property.

     Lockout  Certificates:  Any one of the  Certificates  designated as a Class
A-13 Certificate.

     Lockout  Percentage:  With respect to any Distribution Date occurring prior
to the  Distribution  Date in January 2006, 0%. With respect to any Distribution
Date thereafter, the percentage indicated below:

Distribution Date                               Lockout Distribution Percentage

January 2006 through December 2006                               30%
January 2007 through December 2007                               40%
January 2008 through December 2008                               60%
January 2009 through December 2009                               80%
January 2010 and thereafter                                     100%

                                        20

<PAGE>

        Lower  Priority:  As of any  date  of  determination  and any  Class  of
Subordinate  Certificates,  any other  Class of  Subordinate  Certificates  then
outstanding with a later priority for payments pursuant to Section 4.02(a).

        Lowest  Priority:  As  of  any  date  of  determination,  the  Class  of
Subordinate  Certificates then outstanding with the latest priority for payments
pursuant to Section 4.02(a), in the following order: Class B-3, Class B-2, Class
B-1, Class M-3, Class M-2 and Class M-1 Certificates.

     Maturity  Date:  With respect to each Class of  Certificates,  February 25,
2031.

     MERS:  Mortgage  Electronic   Registration  Systems,  Inc.,  a  corporation
organized and existing under the laws of the State of Delaware, or any successor
thereto.

        MERS(R)  System:   The  system  of  recording   transfers  of  Mortgages
electronically maintained by MERS.

     MIN: The Mortgage  Identification Number for Mortgage Loans registered with
MERS on the MERS(R)System.

     Modified  Mortgage  Loan:  Any Mortgage Loan that has been the subject of a
Servicing Modification.

        Modified Net Mortgage  Rate: As to any Mortgage Loan that is the subject
of a Servicing  Modification,  the Net Mortgage Rate minus the rate per annum by
which the Mortgage Rate on such Mortgage Loan was reduced.

        MOM  Loan:  With  respect  to any  Mortgage  Loan,  MERS  acting  as the
mortgagee of such Mortgage  Loan,  solely as nominee for the  originator of such
Mortgage Loan and its successors and assigns, at the origination thereof.

        Monthly  Payment:  With respect to any Mortgage Loan  (including any REO
Property) and any Due Date, the payment of principal and interest due thereon in
accordance with the amortization  schedule at the time applicable thereto (after
adjustment,  if any, for  Curtailments  and for Deficient  Valuations  occurring
prior to such Due Date but before any adjustment to such  amortization  schedule
by reason of any  bankruptcy,  other  than a  Deficient  Valuation,  or  similar
proceeding or any  moratorium  or similar  waiver or grace period and before any
Servicing Modification that constitutes a reduction of the interest rate on such
Mortgage Loan).

        Mortgage:  With respect to each Mortgage Note related to a Mortgage Loan
which is not a Cooperative Loan, the mortgage, deed of trust or other comparable
instrument  creating  a first  lien on an  estate  in fee  simple  or  leasehold
interest in real property securing a Mortgage Note.

        Mortgage File: The mortgage  documents listed in Section 2.01 pertaining
to a particular Mortgage Loan and any additional  documents required to be added
to the Mortgage File pursuant to this Agreement.

                                        21

<PAGE>

        Mortgage Loans:  Such of the mortgage loans  transferred and assigned to
the Trustee  pursuant to Section 2.01 as from time to time are held or deemed to
be held as a part of the Trust Fund, the Mortgage Loans originally so held being
identified in the initial  Mortgage  Loan  Schedule,  and  Qualified  Substitute
Mortgage Loans held or deemed held as part of the Trust Fund including,  without
limitation,  (i) with respect to each  Cooperative  Loan,  the related  Mortgage
Note,  Security  Agreement,  Assignment of Proprietary Lease,  Cooperative Stock
Certificate,  Cooperative  Lease and Mortgage  File and all rights  appertaining
thereto,  and (ii) with respect to each  Mortgage  Loan other than a Cooperative
Loan,  each related  Mortgage  Note,  Mortgage and Mortgage  File and all rights
appertaining thereto.

        Mortgage Loan Schedule: The list or lists of the Mortgage Loans attached
hereto as Exhibit E (as  amended  from time to time to reflect  the  addition of
Qualified  Substitute  Mortgage Loans),  which list or lists shall set forth the
following information as to each Mortgage Loan:

        (a)    loan number;

          (b)  the  state  and zip  code of the  Mortgaged  Property  (or,  with
               respect  to  a   Cooperative   Loan,   the  related   Cooperative
               Apartment);

        (c)    the Loan-to-Value Ratio;

        (d)    the original principal balance and date of the Mortgage Note;

        (e)    the first Due Date;

        (f)    the type of Mortgaged Property;

        (g)    the scheduled monthly payment in effect as of the Cut-off Date;

        (h)    the principal balance as of the Cut-off Date;

        (i)    the Mortgage Rate as of the Cut-off Date;

        (j)    the occupancy status;

        (k)    the purpose of the Mortgage Loan;

        (l)    the paid-through date of the Mortgage Loan;

        (m)    the documentation type; and

        (n)    the code "Y"  under the  column  "BUYDOWN",  indicating  that the
               Mortgage Loan is a Buydown Mortgage Loan.

        Such  schedule  may consist of multiple  reports that  collectively  set
forth all of the information required.

                                        22

<PAGE>

        Mortgage  Note:  The  originally  executed  note or  other  evidence  of
indebtedness  evidencing the  indebtedness of a Mortgagor under a Mortgage Loan,
together with any modification thereto.

     Mortgage Pool: The pool of mortgage loans consisting of the Mortgage Loans.

     Mortgage  Rate:  As to any Mortgage  Loan,  the interest  rate borne by the
related  Mortgage  Note,  or any  modification  thereto  other than a  Servicing
Modification.

        Mortgaged  Property:  The underlying  real property  securing a Mortgage
Loan or, with respect to a Cooperative  Loan, the related  Cooperative Lease and
Cooperative Stock.

        Mortgagor:  The obligor on a Mortgage Note.

     Net Mortgage  Rate: As to each  Mortgage  Loan,  the related  Mortgage Rate
minus the Servicing Fee Rate.

     Non-Discount Mortgage Loan: A Mortgage Loan that is not a Discount Mortgage
Loan.

        Non-Primary Residence Loans: The Mortgage Loans designated as secured by
second or vacation  residences,  or by  non-owner  occupied  residences,  on the
Mortgage Loan Schedule.

        Non-United States Person:  Any Person other than a United States Person.

        Nonrecoverable  Advance:  Any Advance  previously made or proposed to be
made by the  Servicer  in  respect  of a  Mortgage  Loan  (other  than a Deleted
Mortgage Loan) which, in the good faith judgment of the Servicer,  will not, or,
in the case of a proposed Advance,  would not, be ultimately  recoverable by the
Servicer  from  related  Late  Collections,   Insurance  Proceeds,   Liquidation
Proceeds,  REO  Proceeds or amounts  reimbursable  to the  Servicer  pursuant to
Section 4.02(a)  hereof.  The  determination  by the Servicer that it has made a
Nonrecoverable   Advance  or  that  any  proposed  Advance  would  constitute  a
Nonrecoverable Advance, shall be evidenced by an Officers' Certificate delivered
to the Company, the Trustee and Ambac promptly following such determination.

     Nonsubserviced  Mortgage  Loan:  Any  Mortgage  Loan  that,  at the time of
reference thereto, is not subject to a Subservicing Agreement.

        Notional Amount: With respect to any date of determination and the Class
A-4  Certificates,  an amount equal to the Certificate  Principal Balance of the
Class A-3 Certificates  immediately prior to such date. With respect to any date
of determination and the Class IO Certificates, an amount equal to the aggregate
Stated Principal Balance of the Non-Discount Mortgage Loans immediately prior to
such date.

        Officers'  Certificate:  A  certificate  signed by the  Chairman  of the
Board,  the  President or a Vice  President or Assistant  Vice  President,  or a
Director or Managing Director,  and by the Treasurer,  the Secretary,  or one of
the Assistant Treasurer or Assistant Secretaries of the Company or the Servicer,
as the case may be, and delivered to the Trustee, as required by this Agreement.

                                        23

<PAGE>

        Opinion of  Counsel:  A written  opinion of  counsel  acceptable  to the
Trustee and the  Servicer,  who may be counsel for the Company or the  Servicer,
provided  that any  opinion of counsel  (i)  referred  to in the  definition  of
"Disqualified  Organization" or (ii) relating to the  qualification of the REMIC
or compliance with the REMIC Provisions must, unless otherwise specified,  be an
opinion of Independent counsel.

        Outstanding  Mortgage  Loan:  As  to  any  Due  Date,  a  Mortgage  Loan
(including an REO Property) which was not the subject of a Principal  Prepayment
in Full,  Cash  Liquidation  or REO  Disposition  and which  was not  purchased,
deleted or  substituted  for prior to such Due Date  pursuant  to Section  2.02,
2.03, 2.04 or 4.07.

        Ownership  Interest:  As to any  Certificate,  any ownership or security
interest in such Certificate,  including any interest in such Certificate as the
Holder thereof and any other interest therein, whether direct or indirect, legal
or beneficial, as owner or as pledgee.

        Pass-Through  Rate:  With respect to the Class A  Certificates,  Class M
Certificates, Class B Certificates and Class R Certificates and any Distribution
Date, the per annum rates set forth in the Preliminary  Statement  hereto.  With
respect to the Class IO Certificates and any Distribution  Date, a rate equal to
the weighted average,  expressed as a percentage, of the Pool Strip Rates of all
Non-Discount  Mortgage  Loans  as of the Due  Date in the  related  Due  Period,
weighted  on the  basis of the  respective  Stated  Principal  Balances  of such
Mortgage Loans as of the day immediately  preceding such  Distribution Date (or,
with respect to the initial  Distribution  Date, at the close of business on the
Cut-off  Date).  With  respect  to the  Class IO  Certificates  and the  initial
Distribution Date the Pass-Through Rate is equal to 0.4492% per annum. The Class
PO  Certificates  have no  Pass-Through  Rate and are not  entitled  to  Accrued
Certificate Interest.

     Paying Agent:  The Trustee or any successor  Paying Agent  appointed by the
Trustee.

        Payment Account: The separate account or accounts created and maintained
pursuant to Section 4.01,  which shall be entitled  "Wells Fargo Bank Minnesota,
N.A.,  as trustee,  in trust for the  registered  holders of  Residential  Asset
Mortgage  Products,  Inc.,  GMACM  Mortgage  Pass-Through  Certificates,  Series
2000-J6" and which must be an Eligible Account.

     Payment Account Deposit Date: As to any Distribution Date, the Business Day
prior thereto.

        Percentage Interest: With respect to any Certificate (other than a Class
IO or Class R Certificate),  the undivided  percentage ownership interest in the
related Class evidenced by such Certificate, which percentage ownership interest
shall be equal to the Initial Certificate  Principal Balance or initial Notional
Amount thereof divided by the aggregate Initial Certificate Principal Balance or
initial Notional Amount of all the Certificates of the same Class.  With respect
to  a  Class  IO  Certificate  or  a  Class  R  Certificate,   the  interest  in
distributions to be made with respect to such Class evidenced thereby, expressed
as a percentage, as stated on the face of each such Certificate.

        Permitted Investments:  One or more of the following:

                                        24

<PAGE>

               (i)  obligations of or guaranteed as to principal and interest by
        the United  States or any agency or  instrumentality  thereof  when such
        obligations  are  backed  by the full  faith and  credit  of the  United
        States;

               (ii) repurchase agreements on obligations specified in clause (i)
        maturing not more than one month from the date of  acquisition  thereof,
        provided  that  the  unsecured  obligations  of the  party  agreeing  to
        repurchase such  obligations are at the time rated by each Rating Agency
        in its highest short-term rating available;

               (iii) federal funds,  certificates of deposit,  demand  deposits,
        time  deposits  and  bankers'  acceptances  (which  shall  each  have an
        original  maturity of not more than 90 days and, in the case of bankers'
        acceptances,  shall in no event have an  original  maturity of more than
        365 days or a remaining  maturity of more than 30 days)  denominated  in
        United  States  dollars  of any  U.S.  depository  institution  or trust
        company  incorporated  under the laws of the United  States or any state
        thereof or of any domestic branch of a foreign depository institution or
        trust company;  provided that the debt  obligations  of such  depository
        institution  or trust company (or, if the only Rating Agency is Standard
        &  Poor's,  in the case of the  principal  depository  institution  in a
        depository   institution  holding  company,   debt  obligations  of  the
        depository  institution  holding  company)  at the  date of  acquisition
        thereof have been rated by each Rating Agency in its highest  short-term
        rating  available;  and provided further that, if the only Rating Agency
        is  Standard  &  Poor's  and if the  depository  or trust  company  is a
        principal  subsidiary of a bank holding company and the debt obligations
        of such subsidiary are not separately rated, the applicable rating shall
        be that of the bank holding company;  and, provided further that, if the
        original maturity of such short-term obligations of a domestic branch of
        a foreign depository  institution or trust company shall exceed 30 days,
        the short-term  rating of such institution  shall be A-1+ in the case of
        Standard & Poor's if Standard & Poor's is the Rating Agency;

               (iv)   commercial   paper  and  demand  notes  (having   original
        maturities  of not more than 365 days) of any  corporation  incorporated
        under the laws of the United  States or any state  thereof  which on the
        date of acquisition  has been rated by each Rating Agency in its highest
        short-term rating  available;  provided that such commercial paper shall
        have a remaining maturity of not more than 30 days;

               (v) any mutual  fund,  money  market  fund,  common trust fund or
        other  pooled  investment  vehicle,  the assets of which are  limited to
        instruments  that  otherwise  would  constitute  Permitted   Investments
        hereunder, including any such fund that is managed by the Trustee or any
        affiliate  of  the  Trustee  or  for  which  the  Trustee  or any of its
        affiliates acts as an adviser; and

               (vi) other  obligations or securities that are acceptable to each
        Rating  Agency as a Permitted  Investment  hereunder and will not reduce
        the rating  assigned to any Class of  Certificates by such Rating Agency
        below the lower of the  then-current  rating or the rating  assigned  to
        such  Certificates  as of the  Closing  Date by such Rating  Agency,  as
        evidenced in writing;

                                        25

<PAGE>

provided,  however,  no  instrument  shall  be  a  Permitted  Investment  if  it
represents,  either (1) the right to receive only interest payments with respect
to the underlying debt instrument or (2) the right to receive both principal and
interest  payments derived from  obligations  underlying such instrument and the
principal and interest payments with respect to such instrument  provide a yield
to maturity greater than 120% of the yield to maturity at par of such underlying
obligations.  References  herein to the highest  rating  available  on unsecured
long-term  debt shall mean AAA in the case of  Standard & Poor's and Fitch,  and
references herein to the highest rating available on unsecured  commercial paper
and short-term debt obligations shall mean A-1 in the case of Standard & Poor's,
and either A-1 by Standard & Poor's or F-1 by Fitch in the case of Fitch.

     Permitted Transferee: Any Transferee of a Class R Certificate, other than a
Disqualified Organization or Non-United States Person.

        Person:   Any  individual,   corporation,   limited  liability  company,
partnership,   joint   venture,   association,   joint-stock   company,   trust,
unincorporated organization or government or any agency or political subdivision
thereof.

     Pool Stated Principal  Balance:  As to any Distribution Date, the aggregate
of the Stated Principal Balances of each Mortgage Loan.

        Pool Strip Rate:  With respect to each  Mortgage  Loan, a per annum rate
equal to the excess of (a) the Net Mortgage  Rate of such Mortgage Loan over (b)
the Discount Net Mortgage Rate (but not less than 0.00% per annum).

        Prepayment Assumption: A prepayment assumption of 250% of the prepayment
speed  assumption,  used for  determining the accrual of original issue discount
and market  discount  and premium on the  Certificates  for  federal  income tax
purposes.  The prepayment speed assumption assumes a constant rate of prepayment
of mortgage loans of 0.2% per annum of the then outstanding principal balance of
such  mortgage  loans in the  first  month of the  life of the  mortgage  loans,
increasing by an additional  0.2% per annum in each  succeeding  month until the
thirtieth month,  and a constant 6% per annum rate of prepayment  thereafter for
the life of the mortgage loans.

        Prepayment  Distribution  Percentage:  With respect to any  Distribution
Date  and  each  Class  of  Subordinate   Certificates,   under  the  applicable
circumstances set forth below, the respective percentages set forth below:

               (i) For any Distribution  Date prior to the Distribution  Date in
        January 2006 (unless the  Certificate  Principal  Balances of the Senior
        Certificates (other than the Class PO Certificates) have been reduced to
        zero), 0%.

               (ii) For any  Distribution  Date for which  clause (i) above does
        not  apply,  and on which  any  Class of  Subordinate  Certificates  are
        outstanding:

                      in the case of the Class of Subordinate  Certificates then
                      outstanding with the Highest Priority and each other Class
                      of   Subordinate   Certificates   for  which  the  related
                      Prepayment  Distribution  Trigger  has been  satisfied,  a
                      fraction,  expressed  as a  percentage,  the  numerator of
                      which is the Certificate  Principal  Balance of such Class

                                        26

<PAGE>

                      immediately  prior  to such  date and the  denominator  of
                      which  is the sum of the  Certificate  Principal  Balances
                      immediately  prior  to  such  date  of (1)  the  Class  of
                      Subordinate Certificates then outstanding with the Highest
                      Priority  and  (2)  all  other   Classes  of   Subordinate
                      Certificates   for   which   the   respective   Prepayment
                      Distribution Triggers have been satisfied; and

                      in  the  case  of  each   other   Class   of   Subordinate
                      Certificates   for  which  the   Prepayment   Distribution
                      Triggers have not been satisfied, 0%; and

               (iii)  Notwithstanding  the foregoing,  if the application of the
        foregoing  percentages on any  Distribution  Date as provided in Section
        4.02  (determined  without  regard to the proviso to the  definition  of
        "Subordinate   Principal   Distribution   Amount")  would  result  in  a
        distribution  in  respect  of  principal  of any  Class  or  Classes  of
        Subordinate  Certificates  in  an  amount  greater  than  the  remaining
        Certificate  Principal  Balance  thereof  (any such  class,  a "Maturing
        Class"),  then:  (a)  the  Prepayment  Distribution  Percentage  of each
        Maturing  Class  shall be  reduced  to a level  that,  when  applied  as
        described above, would exactly reduce the Certificate  Principal Balance
        of such Class to zero;  (b) the  Prepayment  Distribution  Percentage of
        each  other  Class  of  Subordinate  Certificates  (any  such  Class,  a
        "Non-Maturing  Class")  shall be  recalculated  in  accordance  with the
        provisions  in paragraph  (ii) above,  as if the  Certificate  Principal
        Balance of each Maturing Class had been reduced to zero (such percentage
        as recalculated, the "Recalculated Percentage"); (c) the total amount of
        the  reductions  in  the  Prepayment  Distribution  Percentages  of  the
        Maturing  Class or  Classes  pursuant  to clause  (a) of this  sentence,
        expressed  as an  aggregate  percentage,  shall be  allocated  among the
        Non-Maturing  Classes in  proportion  to their  respective  Recalculated
        Percentages (the portion of such aggregate reduction so allocated to any
        Non-Maturing Class, the "Adjustment  Percentage");  and (d) for purposes
        of such  Distribution  Date, the Prepayment  Distribution  Percentage of
        each Non-Maturing  Class shall be equal to the sum of (1) the Prepayment
        Distribution  Percentage  thereof,  calculated  in  accordance  with the
        provisions  in  paragraph  (ii)  above as if the  Certificate  Principal
        Balance of each  Maturing  Class had not been reduced to zero,  plus (2)
        the related Adjustment Percentage.

        Prepayment  Distribution  Trigger: With respect to any Distribution Date
and  any  Class  of   Subordinate   Certificates   (other  than  the  Class  M-1
Certificates),  a test that shall be satisfied if the fraction  (expressed  as a
percentage) equal to the sum of the Certificate Principal Balances of such Class
and each Class of Subordinate Certificates with a Lower Priority than such Class
immediately  prior to such  Distribution  Date divided by the  aggregate  Stated
Principal  Balance of all of the  Mortgage  Loans (or  related  REO  Properties)
immediately  prior to such Distribution Date is greater than or equal to the sum
of the  related  Initial  Subordinate  Class  Percentages  of  such  Classes  of
Subordinate Certificates.

        Prepayment  Interest  Shortfall:  As to any  Distribution  Date  and any
Mortgage Loan (other than a Mortgage Loan relating to an REO Property)  that was
the subject of (a) a Principal  Prepayment in Full during the related Prepayment
Period,  an  amount  equal to the  excess  of one  month's  interest  at the Net
Mortgage Rate (or Modified Net Mortgage Rate in the case of a Modified  Mortgage
Loan) on the Stated  Principal  Balance of such Mortgage Loan over the amount of
interest  (adjusted to the Net Mortgage  Rate (or Modified Net Mortgage  Rate in

                                        27

<PAGE>

the case of a Modified Mortgage Loan)) paid by the Mortgagor for such Prepayment
Period to the date of such  Principal  Prepayment  in Full or (b) a  Curtailment
during the preceding  calendar month, an amount equal to one month's interest at
the Net Mortgage  Rate (or Modified Net Mortgage  Rate in the case of a Modified
Mortgage Loan) on the amount of such Curtailment.

        Prepayment Period: As to any Distribution Date and Principal  Prepayment
in Full,  the  period  commencing  of the 16th  day of the  month  prior to that
Distribution  Date  and  ending  on the  15th  day of the  month  in  which  the
Distribution Date occurs.

     Primary  Insurance  Policy:   Each  primary  policy  of  mortgage  guaranty
insurance or any replacement policy therefor referred to in Section  2.03(b)(iv)
and (v).

        Principal  Prepayment:  Any payment of principal or other  recovery on a
Mortgage Loan,  including a recovery that takes the form of Liquidation Proceeds
or Insurance  Proceeds,  which is received in advance of its  scheduled Due Date
and is not  accompanied  by an  amount  as to  interest  representing  scheduled
interest  on such  payment  due on any  date or dates  in any  month  or  months
subsequent to the month of prepayment.

     Principal  Prepayment in Full: Any Principal Prepayment made by a Mortgagor
of the entire principal balance of a Mortgage Loan.

        Purchase Agreement:  The Mortgage Loan Purchase  Agreement,  dated as of
the Closing Date, between GMAC Mortgage Corporation, as seller, and the Company,
as purchaser, and all amendments thereof and supplements thereto.

        Purchase  Price:  With  respect to any Mortgage  Loan (or REO  Property)
required to be or otherwise purchased on any date pursuant to Section 2.02, 2.04
or 4.07, an amount equal to the sum of (i) 100% of the Stated Principal  Balance
thereof plus the principal portion of any related unreimbursed Advances and (ii)
unpaid accrued interest at the Mortgage Rate (or Modified Net Mortgage Rate plus
the rate per annum at which the  Servicing  Fee is  calculated  in the case of a
Modified  Mortgage  Loan) (or at the Net Mortgage Rate (or Modified Net Mortgage
Rate in the case of a Modified  Mortgage Loan) in the case of a purchase made by
the Servicer) on the Stated Principal Balance thereof to the Due Date in the Due
Period related to the  Distribution  Date  occurring in the month  following the
month of  purchase  from the Due Date to  which  interest  was last  paid by the
Mortgagor.

     Qualified  Substitute  Mortgage  Loan: A Mortgage Loan  substituted  by the
Seller for a Deleted Mortgage Loan which must, on the date of such substitution,
as confirmed in an Officers'  Certificate  delivered to the Trustee, with a copy
to the Custodian,

        (i)    have an outstanding  principal  balance,  after  deduction of the
               principal  portion  of the  monthly  payment  due in the month of
               substitution  (or in the case of a substitution  of more than one
               Mortgage  Loan  for  a  Deleted   Mortgage   Loan,  an  aggregate
               outstanding  principal  balance,  after such  deduction),  not in
               excess of the Stated  Principal  Balance of the Deleted  Mortgage
               Loan (the amount of any  shortfall  to be deposited by the Seller
               in the Custodial Account in the month of substitution);

                                        28

<PAGE>

        (ii)   have a Mortgage  Rate and a Net  Mortgage  Rate no lower than and
               not more than 1% per annum higher than the Mortgage  Rate and Net
               Mortgage Rate,  respectively,  of the Deleted Mortgage Loan as of
               the date of substitution;

        (iii)  have a Loan-to-Value  Ratio at the time of substitution no higher
               than  that  of  the  Deleted   Mortgage   Loan  at  the  time  of
               substitution;

        (iv)   have a remaining  term to stated  maturity  not greater than (and
               not more than one year less  than) that of the  Deleted  Mortgage
               Loan;

          (v)  comply with each representation and warranty set forth in Section
               7.02 of the Purchase Agreement; and

        (vi)   have a Pool  Strip  Rate  equal to or  greater  than  that of the
               Deleted Mortgage Loan.

Notwithstanding  any other provisions  herein, (x) with respect to any Qualified
Substitute  Mortgage Loan  substituted  for a Deleted  Mortgage Loan which was a
Discount Mortgage Loan, such Qualified  Substitute Mortgage Loan shall be deemed
to be a  Discount  Mortgage  Loan and to have a Discount  Fraction  equal to the
Discount  Fraction  of the Deleted  Mortgage  Loan and (y) in the event that the
"Pool  Strip  Rate" of any  Qualified  Substitute  Mortgage  Loan as  calculated
pursuant to the  definition  of "Pool Strip Rate" is greater than the Pool Strip
Rate of the related Deleted Mortgage Loan,

        (i)    the Pool Strip Rate of such  Qualified  Substitute  Mortgage Loan
               shall  be equal to the Pool  Strip  Rate of the  related  Deleted
               Mortgage Loan for purposes of calculating the  Pass-Through  Rate
               on the Class IO Certificates; and

        (ii)   the excess of the Pool Strip  Rate on such  Qualified  Substitute
               Mortgage Loan as calculated  pursuant to the  definition of "Pool
               Strip  Rate"  over the Pool  Strip  Rate on the  related  Deleted
               Mortgage  Loan  shall  be  payable  to the  Class R  Certificates
               pursuant to Section 4.02 hereof.

        Rating  Agency:  Standard & Poor's and Fitch with  respect to the Senior
Certificates  and Fitch with  respect to the Class  M-1,  Class M-2,  Class M-3,
Class B-1 and Class B-2 Certificates.  If any agency or a successor is no longer
in existence, "Rating Agency" shall be such statistical credit rating agency, or
other comparable Person,  designated by the Company, notice of which designation
shall be given to the Trustee and the Servicer.

        Realized Loss:  With respect to each Mortgage Loan (or REO Property):

          (a)  as to which a Cash  Liquidation or REO  Disposition has occurred,
               an amount (not less than zero) equal to (i) the Stated  Principal
               Balance of the Mortgage  Loan (or REO Property) as of the date of
               Cash Liquidation or REO Disposition,  plus (ii) interest (and REO
               Imputed  Interest,  if any) at the Net Mortgage Rate from the Due
               Date  as  to  which   interest  was  last  paid  or  advanced  to
               Certificateholders  up to the Due Date in the Due Period  related
               to the  Distribution  Date on which  such  Realized  Loss will be
               allocated  pursuant  to  Section  4.05  on the  Stated  Principal

                                        29

<PAGE>

               Balance  of such  Mortgage  Loan  (or REO  Property)  outstanding
               during  each  Due  Period  that  such  interest  was not  paid or
               advanced,  minus (iii) the proceeds,  if any, received during the
               month  in  which  such  Cash  Liquidation  (or  REO  Disposition)
               occurred,  to the extent applied as recoveries of interest at the
               Net Mortgage Rate and to principal of the Mortgage  Loan,  net of
               the  portion   thereof   reimbursable  to  the  Servicer  or  any
               Subservicer  with  respect to related  Advances or expenses as to
               which the Servicer or  Subservicer  is entitled to  reimbursement
               thereunder but which have not been previously reimbursed,

        (b)    which is the subject of a Servicing Modification,  (i) the amount
               by  which  the  interest  portion  of a  Monthly  Payment  or the
               principal balance of such Mortgage Loan was reduced, and (ii) any
               such amount with  respect to a Monthly  Payment that was or would
               have been due in the  month  immediately  following  the month in
               which  a  Principal  Prepayment  or the  Purchase  Price  of such
               Mortgage Loan is received or is deemed to have been received,

        (c)    which has  become  the  subject  of a  Deficient  Valuation,  the
               difference  between the  principal  balance of the Mortgage  Loan
               outstanding immediately prior to such Deficient Valuation and the
               principal  balance  of  the  Mortgage  Loan  as  reduced  by  the
               Deficient Valuation, or

        (d)    which has  become  the object of a Debt  Service  Reduction,  the
               amount of such Debt Service Reduction.

Notwithstanding  the above,  neither a Deficient  Valuation  nor a Debt  Service
Reduction  shall be deemed a Realized Loss hereunder so long as the Servicer has
notified  the Trustee in writing that the  Servicer is  diligently  pursuing any
remedies that may exist in connection  with the  representations  and warranties
made  regarding the related  Mortgage  Loan and either (A) the related  Mortgage
Loan is not in default with regard to payments due  thereunder or (B) delinquent
payments of  principal  and  interest  under the related  Mortgage  Loan and any
premiums  on any  applicable  primary  hazard  insurance  policy and any related
escrow payments in respect of such Mortgage Loan are being advanced on a current
basis by the Servicer or a Subservicer,  in either case without giving effect to
any Debt Service Reduction.

        Record  Date:  With  respect  to each  Distribution  Date,  the close of
business on the last Business Day of the month next preceding the month in which
the related Distribution Date occurs.

        Reference  Bank Rate:  The rates at which  deposits in U.S.  Dollars are
offered  by the  reference  banks  (which  shall be three  major  banks that are
engaged in transactions in the London interbank market,  selected by the Trustee
after  consultation with the Servicer) as of 11:00 A.M., London time, on the day
that is one LIBOR Business Day prior to the immediately  preceding  distribution
date to prime banks in the London  interbank market for a period of one month in
amounts  approximately equal to the aggregate  Certificate  Principal Balance of
the Variable Rate Certificates then outstanding.

     Regular  Certificate:  Any  of  the  Certificates  other  than  a  Class  R
Certificate.

                                        30

<PAGE>

     Relief  Act:  The  Soldiers'  and  Sailors'  Civil  Relief Act of 1940,  as
amended, or similar legislation or regulations as in effect from time to time.

     Relief Act Shortfalls:  Shortfalls in interest  payable by a Mortgagor that
is not collectible from the Mortgagor pursuant to the Relief Act.

        REMIC: A "real estate mortgage investment conduit" within the meaning of
Section 860D of the Code.  As used herein,  the term "the REMIC" or "the REMICs"
shall mean one or more of the REMICs created under this Agreement.

        REMIC Administrator:  Wells Fargo Bank Minnesota, N.A.; provided that if
the REMIC  Administrator  is found by a court of  competent  jurisdiction  to no
longer be able to fulfill  its  obligations  as REMIC  Administrator  under this
Agreement the Servicer or Trustee  acting as Servicer  shall appoint a successor
REMIC   Administrator,   subject  to  assumption  of  the  REMIC   Administrator
obligations under this Agreement.

     REMIC I: The  segregated  pool of  assets,  with  respect  to which a REMIC
election is made pursuant to this Agreement, consisting of:

          (a)  the Mortgage Loans and the related  Mortgage Files and collateral
               securing such Mortgage Loans,

        (b)    all payments on and  collections in respect of the Mortgage Loans
               due  after  the  Cut-off  Date  as  shall  be on  deposit  in the
               Custodial  Account or in the Payment  Account and  identified  as
               belonging to the Trust Fund,

        (c)    property  that secured a Mortgage Loan and that has been acquired
               for the benefit of the  Certificateholders by foreclosure or deed
               in lieu of foreclosure,

          (d)  the hazard insurance policies and Primary Insurance Policies,  if
               any, and

          (e)  all proceeds of clauses (i) through (iv) above.

     REMIC I  Interest:  The  REMIC  I  Regular  Interests  and  the  Class  R-I
Certificates.

        REMIC I Regular  Interest:  Any of the eight  separate  non-certificated
beneficial  ownership  interests in REMIC I issued hereunder and designated as a
"regular  interest"  in REMIC I. Each  REMIC I  Regular  Interest  shall  accrue
interest at the related REMIC I Remittance Rate in effect from time to time, and
shall be  entitled  to  distributions  of  principal,  subject  to the terms and
conditions  hereof,  in an aggregate amount equal to its initial  Uncertificated
Balance as set forth in the preliminary  statement hereto.  The designations for
the  respective  REMIC I  Regular  Interests  are set  forth in the  Preliminary
Statement hereto.

        REMIC II: The segregated pool of assets consisting of all of the REMIC I
Regular  Interests,  with  respect to which a separate  REMIC  election is to be
made.

     REMIC II Certificate: Any Certificate, other than a Class R-I Certificate.

                                        31

<PAGE>

        REMIC II Regular  Certificate:  Any REMIC II  Certificate,  other than a
Class R-II Certificate.

        REMIC II Regular Interest: Any of the twenty-one certificated beneficial
ownership interests in REMIC II issued hereunder,  and, hereby,  designated as a
"regular  interest" in REMIC II, as follows:  Class A-1,  Class A-2,  Class A-3,
Class A-4,  Class A-5,  Class A-6,  Class A-7, Class A-8, Class A-9, Class A-10,
Class A-11, Class A-12, Class A-13 Certificates,  Class PO, Class IO, Class M-1,
Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates.

        REMIC  Provisions:  Provisions of the federal income tax law relating to
real estate mortgage investment conduits,  which appear at Sections 860A through
860G of  Subchapter  M of Chapter 1 of the Code,  and  related  provisions,  and
temporary and final  regulations (or, to the extent not  inconsistent  with such
temporary or final  regulations,  proposed  regulations) and published  rulings,
notices and  announcements  promulgated  thereunder,  as the foregoing may be in
effect from time to time.

        REO  Acquisition:  The  acquisition  by the  Servicer  on  behalf of the
Trustee for the benefit of the  Certificateholders  of any REO Property pursuant
to Section 3.14.

        REO Disposition: As to any REO Property, a determination by the Servicer
that it has received all Insurance Proceeds,  Liquidation Proceeds, REO Proceeds
and other payments and recoveries (including proceeds of a final sale) which the
Servicer expects to be finally recoverable from the sale or other disposition of
the REO Property.

        REO Imputed Interest: As to any REO Property,  for any period, an amount
equivalent to interest (at the Net Mortgage Rate that would have been applicable
to the related  Mortgage Loan had it been  outstanding) on the unpaid  principal
balance of the  Mortgage  Loan as of the date of  acquisition  thereof  for such
period.

        REO Proceeds:  Proceeds, net of expenses, received in respect of any REO
Property (including, without limitation, proceeds from the rental of the related
Mortgaged  Property  or,  with  respect  to  a  Cooperative  Loan,  the  related
Cooperative  Apartment)  which  proceeds are  required to be deposited  into the
Custodial Account only upon the related REO Disposition.

        REO  Property:  A Mortgaged  Property  acquired by the Servicer  through
foreclosure  or deed  in lieu of  foreclosure  in  connection  with a  defaulted
Mortgage Loan.

        Request  for  Release:  A request  for  release,  the forms of which are
attached as Exhibit F hereto,  or an electronic  request in a form acceptable to
the Custodian.

        Required  Insurance  Policy:  With  respect to any  Mortgage  Loan,  any
insurance policy which is required to be maintained from time to time under this
Agreement  or the related  Subservicing  Agreement  in respect of such  Mortgage
Loan.

        Responsible Officer:  When used with respect to the Trustee, any officer
of the  Corporate  Trust  Department  of the Trustee,  including any Senior Vice
President,  any Vice  President,  any Assistant  Vice  President,  any Assistant
Secretary, any Trust Officer or Assistant Trust Officer, or any other officer of
the Trustee customarily  performing  functions similar to those performed by any
of the above designated  officers to whom, with respect to a particular  matter,
such matter is referred.

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<PAGE>

        Schedule of Discount Fractions:  The schedule setting forth the Discount
Fractions  with  respect to the  Discount  Mortgage  Loans,  attached  hereto as
Exhibit L.

     Security  Agreement:  With respect to a  Cooperative  Loan,  the  agreement
creating  a  security  interest  in  favor  of the  originator  in  the  related
Cooperative Stock.

        Seller:  As to any Mortgage Loan, GMAC Mortgage Corporation.

     Senior   Accelerated   Distribution   Percentage:   With   respect  to  any
Distribution  Date occurring on or prior to the 60th  Distribution  Date,  100%.
With respect to any Distribution Date thereafter, as follows:

               (i) for any Distribution  Date after the 60th  Distribution  Date
        but on or  prior to the  72nd  Distribution  Date,  the  related  Senior
        Percentage  for  such   Distribution   Date  plus  70%  of  the  related
        Subordinate Percentage for such Distribution Date;

               (ii) for any Distribution  Date after the 72nd  Distribution Date
        but on or  prior to the  84th  Distribution  Date,  the  related  Senior
        Percentage  for  such   Distribution   Date  plus  60%  of  the  related
        Subordinate Percentage for such Distribution Date;

               (iii) for any Distribution  Date after the 84th Distribution Date
        but on or  prior to the  96th  Distribution  Date,  the  related  Senior
        Percentage  for  such   Distribution   Date  plus  40%  of  the  related
        Subordinate Percentage for such Distribution Date;

               (iv)for any Distribution  Date after the 96th  Distribution  Date
        but on or prior to the  108th  Distribution  Date,  the  related  Senior
        Percentage  for  such   Distribution   Date  plus  20%  of  the  related
        Subordinate Percentage for such Distribution Date; and

          (v) for any Distribution  Date thereafter,  the Senior  Percentage for
     such Distribution Date;

provided, however,

        (i)....that   any   scheduled   reduction  to  the  Senior   Accelerated
Distribution  Percentage  described above shall not occur as of any Distribution
Date unless either

               (a)(1)(X) the outstanding principal balance of the Mortgage Loans
        delinquent  60 days or more  averaged  over the last  six  months,  as a
        percentage of the aggregate outstanding Certificate Principal Balance of
        the  Subordinate  Certificates,  is less than 50% or (Y) the outstanding
        principal  balance of Mortgage Loans delinquent 60 days or more averaged
        over the last six months,  as a percentage of the aggregate  outstanding
        principal  balance  of all  Mortgage  Loans  averaged  over the last six
        months, does not exceed 2% and (2) Realized Losses on the Mortgage Loans
        to date  for such  Distribution  Date if  occurring  during  the  sixth,
        seventh,  eighth, ninth or tenth year (or any year thereafter) after the
        Closing Date are less than 30%, 35%, 40%, 45% or 50%,  respectively,  of
        the sum of the Initial Certificate Principal Balances of the Subordinate
        Certificates or

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<PAGE>

               (b)(1)  the  outstanding  principal  balance  of  Mortgage  Loans
        delinquent  60 days or more  averaged  over the last  six  months,  as a
        percentage  of  the  aggregate  outstanding  principal  balance  of  all
        Mortgage Loans averaged over the last six months, does not exceed 4% and
        (2) Realized Losses on the Mortgage Loans to date for such  Distribution
        Date, if occurring  during the sixth,  seventh,  eighth,  ninth or tenth
        year (or any year thereafter)  after the Closing Date are less than 10%,
        15%,  20%,  25%  or  30%,  respectively,  of  the  sum  of  the  Initial
        Certificate Principal Balances of the Subordinate Certificates, and

        (ii)...that for any Distribution  Date on which the Senior Percentage is
greater  than  the  Senior  Percentage  as  of  the  Closing  Date,  the  Senior
Accelerated Distribution Percentage for such Distribution Date shall be 100%.

Notwithstanding the foregoing,  upon the reduction of the Certificate  Principal
Balances  of  the  related  Senior   Certificates   (other  than  the  Class  PO
Certificates,  if any) to zero,  the  related  Senior  Accelerated  Distribution
Percentage shall thereafter be 0%.

        Senior Certificate:  Any one of the Class A, Class IO, Class PO or Class
R  Certificates,  executed by the Trustee and  authenticated  by the Certificate
Registrar  substantially  in the form annexed  hereto as Exhibit A and Exhibit D
respectively.

        Senior Percentage: As of any Distribution Date, the lesser of 100% and a
fraction,  expressed as a  percentage,  the  numerator of which is the aggregate
Certificate  Principal Balance of the Senior  Certificates (other than the Class
PO Certificates) immediately prior to such Distribution Date and the denominator
of which is the aggregate Stated Principal  Balance of all of the Mortgage Loans
(or related REO Properties)  (other than the related  Discount  Fraction of each
Discount Mortgage Loan) immediately prior to such Distribution Date.

        Senior Principal  Distribution  Amount: As to any Distribution Date, the
lesser of (a) the balance of the Available  Distribution  Amount remaining after
the distribution of all amounts  required to be distributed  pursuant to Section
4.02(a)(i),  Section 4.02(a)(ii)(X),  Section 4.02(b)(ii), and the amount of the
Insurance  Premium;  or, after the Credit  Support  Depletion  Date,  the amount
required  to be  distributed  to the  Class PO  Certificateholders  pursuant  to
Section 4.02(d),  Section 4.02(b)(ii),  and the amount of the Insurance Premium;
and  (b)  the  sum of the  amounts  required  to be  distributed  to the  Senior
Certificateholders on such Distribution Date pursuant to Section 4.02(a)(ii)(Y),
(xvii) and (xix).

     Series: All of the Certificates  issued pursuant to a Pooling and Servicing
Agreement and bearing the same series designation.

     Servicing Accounts: The account or accounts created and maintained pursuant
to Section 3.08.

        Servicing  Advances:  All  customary,  reasonable  and necessary "out of
pocket" costs and expenses incurred in connection with a default, delinquency or
other  unanticipated  event by the Servicer in the  performance of its servicing

                                        34

<PAGE>

obligations,  including,  but not limited to, the cost of (i) the  preservation,
restoration  and  protection  of a  Mortgaged  Property  or,  with  respect to a
Cooperative  Loan, the related  Cooperative  Apartment,  (ii) any enforcement or
judicial proceedings, including foreclosures, including any expenses incurred in
relation  to any such  proceedings  that  result  from the  Mortgage  Loan being
registered on the MERS System,  (iii) the management and  liquidation of any REO
Property and (iv)  compliance with the  obligations  under Sections 3.01,  3.08,
3.12(a) and 3.14,  including,  if the Servicer or any  Affiliate of the Servicer
provides services such as appraisals and brokerage services that are customarily
provided  by  Persons  other  than  servicers  of  mortgage  loans,   reasonable
compensation for such services.

        Servicing Fee: With respect to any Mortgage Loan and Distribution  Date,
the fee payable  monthly to the  Servicer in respect of  servicing  compensation
that accrues at the Servicing Fee Rate.

        Servicing Fee Rate:  0.25% per annum.

        Servicing  Modification:  Any  reduction of the interest  rate on or the
outstanding  principal  balance of a Mortgage  Loan that is in  default,  or for
which,  in the  judgment of the  Servicer,  default is  reasonably  foreseeable,
pursuant to a  modification  of such Mortgage  Loan in  accordance  with Section
3.07(a).

        Servicing  Officer:   Any  officer  of  the  Servicer  involved  in,  or
responsible  for, the  administration  and servicing of the Mortgage Loans whose
name and specimen  signature appear on a list of servicing officers furnished to
the Trustee by the Servicer, as such list may from time to time be amended.

        Special Hazard Amount:  As of any Distribution  Date, an amount equal to
$2,843,230.49 minus the sum of (i) the aggregate amount of Special Hazard Losses
allocated  solely to one or more specific  Classes of Certificates in accordance
with  Section  4.05 and (ii) the  Adjustment  Amount (as defined  below) as most
recently  calculated.  For each  anniversary of the Cut-off Date, the Adjustment
Amount shall be equal to the amount,  if any, by which the amount  calculated in
accordance with the preceding  sentence  (without giving effect to the deduction
of the Adjustment  Amount for such  anniversary)  exceeds the greater of (A) the
greatest of (i) twice the outstanding  principal balance of the Mortgage Loan in
the Trust  Fund  which has the  largest  outstanding  principal  balance  on the
Distribution Date immediately  preceding such  anniversary,  (ii) the product of
1.00% multiplied by the outstanding  principal  balance of all Mortgage Loans on
the  Distribution  Date  immediately  preceding such  anniversary  and (iii) the
aggregate  outstanding  principal  balance  (as  of  the  immediately  preceding
Distribution Date) of the Mortgage Loans in any single five-digit California zip
code area with the  largest  amount of  Mortgage  Loans by  aggregate  principal

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<PAGE>

balance as of such  anniversary  and (B) the greater of (i) the product of 0.50%
multiplied by the  outstanding  principal  balance of all Mortgage  Loans on the
Distribution  Date  immediately  preceding  such  anniversary  multiplied  by  a
fraction, the numerator of which is equal to the aggregate outstanding principal
balance  (as of  the  immediately  preceding  Distribution  Date)  of all of the
Mortgage  Loans  secured  by  Mortgaged  Properties  located  in  the  State  of
California  divided by the aggregate  outstanding  principal  balance (as of the
immediately preceding Distribution Date) of all of the Mortgage Loans, expressed
as a  percentage,  and the  denominator  of  which is  equal  to  33.73%  (which
percentage is equal to the  percentage of Mortgage  Loans  initially  secured by
Mortgaged  Properties located in the State of California) and (ii) the aggregate
outstanding  principal  balance (as of the  immediately  preceding  Distribution
Date) of the largest  Mortgage Loan secured by a Mortgaged  Property  located in
the State of California.

        The  Special  Hazard  Amount  may be  further  reduced  by the  Servicer
(including  accelerating the manner in which coverage is reduced)  provided that
prior to any such reduction,  the Servicer shall (i) obtain written confirmation
from each Rating Agency that such reduction shall not reduce the rating assigned
to any Class of Certificates by such Rating Agency (without giving effect to the
Ambac  Policy in the case of the  Insured  Certificates)  below the lower of the
then-current  rating  or the  rating  assigned  to such  Certificates  as of the
Closing  Date by such  Rating  Agency  and (ii)  provide a copy of such  written
confirmation to the Trustee and to Ambac.

        Special  Hazard Loss: Any Realized Loss not in excess of the cost of the
lesser of repair or replacement  of a Mortgaged  Property (or, with respect to a
Cooperative Loan, the related Cooperative  Apartment) suffered by such Mortgaged
Property  (or  Cooperative  Apartment)  on  account  of  direct  physical  loss,
exclusive  of (i) any  loss of a type  covered  by a  hazard  policy  or a flood
insurance policy required to be maintained in respect of such Mortgaged Property
pursuant  to Section  3.12(a),  except to the extent of the portion of such loss
not covered as a result of any coinsurance  provision and (ii) any Extraordinary
Loss.

     Standard  &  Poor's:  Standard  & Poor's,  a  division  of The  McGraw-Hill
Companies, Inc., or its successor in interest.

        Stated Principal  Balance:  With respect to any Mortgage Loan or related
REO Property,  at any given time, (i) the Cut-off Date Principal  Balance of the
Mortgage  Loan,  minus (ii) the sum of (a) the principal  portion of the Monthly
Payments due with respect to such Mortgage Loan or REO Property  during each Due
Period ending prior to the most recent  Distribution Date which were received or
with  respect to which an Advance was made,  and (b) all  Principal  Prepayments
with respect to such Mortgage Loan or REO Property,  and all Insurance Proceeds,
Liquidation Proceeds and REO Proceeds,  to the extent applied by the Servicer as
recoveries  of  principal in  accordance  with Section 3.14 with respect to such
Mortgage Loan or REO Property,  in each case which were distributed  pursuant to
Section  4.02 on any  previous  Distribution  Date,  and (c) any  Realized  Loss
allocated  to   Certificateholders   with  respect   thereto  for  any  previous
Distribution Date.

        Subordinate Certificate:  Any one of the Class M Certificates or Class B
Certificates,  executed  by the  Trustee and  authenticated  by the  Certificate
Registrar  substantially  in the form annexed hereto as Exhibit B and Exhibit C,
respectively.

        Subordinate Class Percentage:  With respect to any Distribution Date and
any Class of Subordinate  Certificates,  a fraction,  expressed as a percentage,
the numerator of which is the aggregate  Certificate  Principal  Balance of such
Class  of  Subordinate  Certificates  immediately  prior  to such  date  and the
denominator  of which is the aggregate  Stated  Principal  Balance of all of the
Mortgage  Loans (or related  REO  Properties)  (other than the related  Discount
Fraction of each Discount  Mortgage Loan) immediately prior to such Distribution
Date.

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<PAGE>

     Subordinate Percentage: As of any Distribution Date, 100% minus the related
Senior Percentage as of such Distribution Date.

        Subordinate   Principal   Distribution   Amount:  With  respect  to  any
Distribution Date and each Class of Subordinate Certificates, (a) the sum of (i)
the product of (x) the related  Subordinate  Class Percentage for such Class and
(y) the aggregate of the amounts  calculated  for such  Distribution  Date under
clauses (1), (2) and (3) of Section  4.02(a)(ii)(Y)(A) to the extent not payable
to the Senior  Certificates;  (ii) such  Class's  pro rata  share,  based on the
Certificate  Principal  Balance of each Class of Subordinate  Certificates  then
outstanding,    of   the    principal    collections    described   in   Section
4.02(a)(ii)(Y)(B)(b)   to  the  extent  such   collections   are  not  otherwise
distributed  to the Senior  Certificates;  (iii) the  product of (x) the related
Prepayment  Distribution  Percentage  and (y)  the  aggregate  of all  Principal
Prepayments in Full received in the related  Prepayment  Period and Curtailments
received in the  preceding  calendar  month  (other  than the  related  Discount
Fraction of such Principal  Prepayments in Full and Curtailments with respect to
a Discount Mortgage Loan) to the extent not payable to the Senior  Certificates;
(iv) if such Class is the Class of  Subordinate  Certificates  with the  Highest
Priority,  any Excess  Subordinate  Principal Amount for such Distribution Date;
and (v) any amounts  described in clauses (i), (ii) and (iii) as determined  for
any previous  Distribution  Date, that remain  undistributed  to the extent that
such amounts are not  attributable  to Realized Losses which have been allocated
to a Class of  Subordinate  Certificates  minus (b) with respect to the Class of
Subordinate  Certificates  with the  Lowest  Priority,  any  Excess  Subordinate
Principal  Amount  for  such  Distribution  Date;  provided,  however,  that the
Subordinate   Principal   Distribution  Amount  for  any  Class  of  Subordinate
Certificates on any  Distribution  Date shall in no event exceed the outstanding
Certificate Principal Balance of such Class of Certificates immediately prior to
such date.

     Subserviced Mortgage Loan: Any Mortgage Loan that, at the time of reference
thereto, is subject to a Subservicing Agreement.

     Subservicer:  Any  Person  with  whom  the  Servicer  has  entered  into  a
Subservicing Agreement.

        Subservicer  Advance:  Any  delinquent   installment  of  principal  and
interest on a Mortgage Loan which is advanced by the related Subservicer (net of
its Subservicing Fee) pursuant to the Subservicing Agreement.

     Subservicing Account: An account established by a Subservicer in accordance
with Section 3.08.

     Subservicing  Agreement:  The written contract between the Servicer and any
Subservicer  relating to servicing and  administration of certain Mortgage Loans
as provided in Section 3.02.

     Subservicing  Fee: As to any Mortgage Loan, the fee payable  monthly to the
related Subservicer, if any.

        Tax Returns:  The federal income tax return on Internal  Revenue Service
Form 1066,  U.S.  Real Estate  Mortgage  Investment  Conduit  Income Tax Return,
including  Schedule Q thereto,  Quarterly Notice to Residual Interest Holders of
REMIC Taxable Income or Net Loss Allocation, or any successor forms, to be filed

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<PAGE>

on  behalf of the REMIC  due to its  classification  as a REMIC  under the REMIC
Provisions, together with any and all other information, reports or returns that
may be  required to be  furnished  to the  Certificateholders  or filed with the
Internal  Revenue Service or any other  governmental  taxing authority under any
applicable provisions of federal, state or local tax laws.

        Telerate  Screen Page 3750:  The display  designated as page 3750 on the
Telerate  Service (or such other page as may replace  page 3750 on that  service
for the purpose of displaying London interbank offered rates of major banks).

     Transfer: Any direct or indirect transfer,  sale, pledge,  hypothecation or
other form of assignment of any Ownership Interest in a Certificate.

     Transferee:  Any Person who is acquiring by Transfer any Ownership Interest
in a Certificate.

     Transferor:  Any Person  who is  disposing  by  Transfer  of any  Ownership
Interest in a Certificate.

        Trust Fund: Collectively,  the assets of REMIC I and REMIC II consisting
of the segregated pool of assets, with respect to which a REMIC election is made
pursuant to this Agreement, consisting of:

          (i)  the Mortgage Loans and the related  Mortgage Files and collateral
               securing such Mortgage Loans,

        (ii)   all payments on and  collections in respect of the Mortgage Loans
               due  after  the  Cut-off  Date  as  shall  be on  deposit  in the
               Custodial  Account or in the Payment  Account and  identified  as
               belonging to the Trust Fund,

        (iii)  property  that secured a Mortgage Loan and that has been acquired
               for the benefit of the  Certificateholders by foreclosure or deed
               in lieu of foreclosure,

          (iv) the hazard insurance policies and Primary Insurance Policies,  if
               any, and

          (v)  all proceeds of clauses (i) through (iv) above.

        Uncertificated  Balance:  The  amount of any  REMIC I  Regular  Interest
outstanding  as of any  date  of  determination.  As of the  Closing  Date,  the
Uncertificated  Balance of each REMIC I Regular  Interest shall equal the amount
set forth in the  Preliminary  Statement  hereto as its  Initial  Uncertificated
Balance.  On each Distribution Date, the Uncertificated  Balance of each REMIC I
Regular  Interest  shall be reduced,  first,  by the portion of Realized  Losses
allocated  in  reduction  of the  principal  balances of the Related  Classes of
Certificates on such  Distribution  Date and,  second,  by all  distributions of
principal deemed made on such REMIC I Regular Interest,  as applicable,  on such
Distribution Date pursuant to Section 10.04. The Uncertificated  Balance of each
REMIC I Regular Interest shall never be less than zero.

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<PAGE>

        Uncertificated  Interest:  With respect to any REMIC I Regular  Interest
for any  Distribution  Date, one month's interest at the REMIC I Remittance Rate
applicable to such REMIC I Regular Interest for such Distribution  Date, accrued
on the Uncertificated Balance (or Notional Balance) thereof immediately prior to
such  Distribution  Date.  Uncertificated  Interest  in  respect  of any REMIC I
Regular  Interest  shall  accrue on the basis of a 360-day  year  consisting  of
twelve 30-day months.  Uncertificated Interest with respect to each Distribution
Date,  as to any REMIC I Regular  Interest,  shall be  reduced  by any  interest
shortfalls allocated to the Related Classes of Certificates on such Distribution
Date. In addition,  Uncertificated  Interest  with respect to each  Distribution
Date, as to any REMIC I Regular Interest shall be reduced by interest portion of
Realized Losses  (including  Excess Special Hazard Losses,  Excess Fraud Losses,
Excess  Bankruptcy  Losses and  Extraordinary  Losses)  allocated to the Related
Classes of Certificates on such Distribution Date.

        Underwriter:  has the meaning given in Section 4.08 of this Agreement.

        Uniform Single  Attestation  Program for Mortgage  Bankers:  The Uniform
Single  Attestation  Program for Mortgage Bankers,  as published by the Mortgage
Bankers  Association  of America and  effective  with respect to fiscal  periods
ending on or after December 15, 1995.

        Uninsured  Cause:  Any cause of damage to property subject to a Mortgage
such that the complete restoration of such property is not fully reimbursable by
the hazard insurance policies.

        United States  Person:  (i) A citizen or resident of the United  States,
(ii) a  corporation,  partnership  or other entity  treated as a corporation  or
partnership for United States federal income tax purposes  organized in or under
the laws of the United  States or any state  thereof or the District of Columbia
(unless, in the case of a partnership,  Treasury regulations provide otherwise),
provided  that,  for  purposes  solely of the  restrictions  on the  transfer of
residual interests,  no partnership or other entity treated as a partnership for
United States  federal  income tax purposes  shall be treated as a United States
Person  unless all  persons  that own an  interest  in such  partnership  either
directly  or  indirectly  through  any  chain of  entities  no one of which is a
corporation  for United States  federal  income tax purposes are required by the
applicable operating agreement to be United States Persons,  (iii) an estate the
income of which is  includible  in gross income for United  States tax purposes,
regardless of its source, or (iv) a trust if a court within the United States is
able to exercise primary  supervision over the  administration  of the trust and
one or more United  States  persons have  authority  to control all  substantial
decisions of the trust.  Notwithstanding the preceding  sentence,  to the extent
provided in Treasury  regulations,  certain  trusts in  existence  on August 20,
1996,  and treated as United States  persons  prior to such date,  that elect to
continue to be treated as United  States  persons  will also be a United  States
Person.

     Variable  Rate  Certificates:  The  Class  A-3  Certificates  and Class A-4
Certificates.

     Voting Rights:  The portion of the voting rights of all of the Certificates
which is allocated to any Certificate, as designated in Section 12.09.

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<PAGE>

Section 1.02...Use of Words and Phrases.

        "Herein," "hereby," "hereunder," `hereof," "hereinbefore," "hereinafter"
and other  equivalent  words refer to the Pooling and  Servicing  Agreement as a
whole. All references herein to Articles, Sections or Subsections shall mean the
corresponding  Articles,  Sections and  Subsections in the Pooling and Servicing
Agreement.  The  definition  set forth herein  include both the singular and the
plural.

                                   ARTICLE II

                          CONVEYANCE OF MORTGAGE LOANS;
                        ORIGINAL ISSUANCE OF CERTIFICATES

Section 2.01...Conveyance of Mortgage Loans.

(a) The Company,  concurrently  with the  execution  and delivery  hereof,  does
hereby assign to the Trustee for the benefit of the  Certificateholders  without
recourse all the right, title and interest of the Company in and to the Mortgage
Loans,  including all interest and principal  received on or with respect to the
Mortgage  Loans after the Cut-off  Date (other than  payments of  principal  and
interest due on the Mortgage Loans on or before the Cut-off Date). In connection
with such  transfer and  assignment,  the Company does hereby  deliver the Ambac
Policy  to  the   Trustee  for  the  benefit  of  the  Holders  of  the  Insured
Certificates.

(b) In connection with such  assignment,  except as set forth in Section 2.01(c)
and subject to Section  2.01(d)  below,  the Company does hereby deliver to, and
deposit with, the Trustee,  or to and with one or more  Custodians,  as the duly
appointed  agent or  agents  of the  Trustee  for such  purpose,  the  following
documents or  instruments  (or copies  thereof as permitted by this Section) (I)
with respect to each Mortgage Loan so assigned (other than a Cooperative Loan):

(i)  The original  Mortgage Note,  endorsed without recourse in blank, or in the
     name of the Trustee as trustee,  and signed by an authorized officer (which
     endorsement  shall  contain  either an  original  signature  or a facsimile
     signature of an authorized  officer of the Seller, and if in the form of an
     allonge,  the  allonge  shall be stapled to the  Mortgage  Note),  with all
     intervening  endorsements  showing  a  complete  chain  of  title  from the
     originator to the Seller. If the Mortgage Loan was acquired by the endorser
     in a merger, the endorsement must be by "____________,  successor by merger
     to [name of predecessor]".  If the Mortgage Loan was acquired or originated
     by the endorser while doing  business  under another name, the  endorsement
     must be by "____________ formerly known as [previous name]";

(ii) The original Mortgage, noting the presence of the MIN of the Mortgage Loan,
     if  the  Mortgage  is  registered  on  the  MERS(R)  System,  and  language
     indicating  that the Mortgage  Loan is a MOM Loan if the Mortgage Loan is a
     MOM Loan,  with  evidence of recording  indicated  thereon or a copy of the
     Mortgage  certified by the public  recording  office in which such Mortgage
     has been recorded;

                                        40

<PAGE>

(iii)The  original of any  guarantee  executed in  connection  with the Mortgage
     Note, if applicable;

(iv) Any  rider  or the  original  of any  modification  agreement  executed  in
     connection  with the related  Mortgage  Note or Mortgage,  with evidence of
     recording if required by applicable law;

(v)  Unless the Mortgage Loan is registered  on the  MERS(R)System,  an original
     Assignment  or  Assignments  of the  Mortgage  (which may be  included in a
     blanket  assignment  or  assignments)  from the Seller to "Wells Fargo Bank
     Minnesota,  N.A.,  as Trustee  under that  certain  Pooling  and  Servicing
     Agreement  dated as of December 21, 2000, for GMACM  Mortgage  Pass-Through
     Certificates,  Series 2000-J6" c/o the Servicer at an address  specified by
     the Servicer,  and signed by an authorized officer,  which assignment shall
     be in form and substance acceptable for recording. If the Mortgage Loan was
     acquired  by  the  assignor  in  a  merger,   the  assignment  must  be  by
     "_________________,  successor by merger to [name of predecessor]".  If the
     Mortgage  Loan was  acquired  or  originated  by the  assignor  while doing
     business under another name, the assignment  must be by " formerly known as
     [previous name]";

(vi) Originals of all intervening  assignments of mortgage,  which together with
     the Mortgage  shows a complete  chain of title from the  originator  to the
     Seller (or to MERS,  if the  Mortgage  Loan is  registered  on the  MERS(R)
     System,  and which notes the presence of a MIN), with evidence of recording
     thereon;

(vii)The original  mortgagee  policy of title  insurance,  including  riders and
     endorsements  thereto,  or if the  policy  has not yet been  issued,  (i) a
     written  commitment  or  interim  binder  for  title  issued  by the  title
     insurance  or escrow  company  dated as of the date the  Mortgage  Loan was
     funded, with a statement by the title insurance company or closing attorney
     that the  priority  of the lien of the related  Mortgage  during the period
     between the date of the funding of the related  Mortgage  Loan and the date
     of the related  title policy (which title policy shall be dated the date of
     recording of the related  Mortgage) is insured,  (ii) a  preliminary  title
     report  issued  by a title  insurer  in  anticipation  of  issuing  a title
     insurance  policy which  evidences  existing  liens and gives a preliminary
     opinion as to the  absence  of any  encumbrance  on title to the  Mortgaged
     Property, except liens to be removed on or before purchase by the Mortgagor
     or which constitute customary exceptions acceptable to lenders generally or
     (iii) other evidence of title insurance acceptable to Fannie Mae or Freddie
     Mac, in accordance with the Fannie Mae Seller/Servicer Guide or Freddie Mac
     Seller/Servicer Guide, respectively;

(viii) A certified true copy of any power of attorney, if applicable; and

(ix) Originals of any security  agreement,  chattel  mortgage or the  equivalent
     executed in connection with the Mortgage, if any.

and (II) with respect to each Cooperative Loan so assigned:

                                        41

<PAGE>

(i)            The original  Mortgage  Note,  endorsed  without  recourse to the
               order  of  the  Trustee   and   showing  an  unbroken   chain  of
               endorsements from the originator thereof to the Seller;

(ii)           A  counterpart  of the  Cooperative  Lease and the  Assignment of
               Proprietary  Lease to the originator of the Cooperative Loan with
               intervening  assignments  showing an unbroken chain of title from
               such originator to the Trustee;

(iii)          The  related  Cooperative  Stock  Certificate,  representing  the
               related   Cooperative   Stock   pledged   with  respect  to  such
               Cooperative Loan,  together with an undated stock power (or other
               similar instrument) executed in blank;

(iv) The original  recognition  agreement by the Cooperative of the interests of
     the mortgagee with respect to the related Cooperative Loan;

(v)     The Security Agreement;

(vi)           Copies  of  the  original  UCC-1  financing  statement,  and  any
               continuation   statements,   filed  by  the  originator  of  such
               Cooperative  Loan  as  secured  party,   each  with  evidence  of
               recording  thereof,  evidencing  the  interest of the  originator
               under the Security  Agreement and the  Assignment of  Proprietary
               Lease;

(vii)          Copies of the filed UCC-3  assignments  of the security  interest
               referenced  in clause  (vi) above  showing an  unbroken  chain of
               title from the  originator to the Trustee,  each with evidence of
               recording  thereof,  evidencing  the  interest of the  originator
               under the Security  Agreement and the  Assignment of  Proprietary
               Lease;

(viii)         An executed  assignment of the interest of the  originator in the
               Security  Agreement,  Assignment  of  Proprietary  Lease  and the
               recognition agreement referenced in clause (iv) above, showing an
               unbroken chain of title from the originator to the Trustee;

(ix)           The  original  of  each  modification,  assumption  agreement  or
               preferred loan agreement,  if any,  relating to such  Cooperative
               Loan; and

(x)            An  executed  UCC-1  financing  statement  showing  the Seller as
               debtor,  the Company as secured party and the Trustee as assignee
               and an executed UCC-1 financing  statement showing the Company as
               debtor  and  the  Trustee  as  secured  party,  each  in  a  form
               sufficient for filing, evidencing the interest of such debtors in
               the Cooperative Loans.

(c) In the event that in connection  with any Mortgage  Loan the Company  cannot
deliver (a) the original  recorded  Mortgage (or evidence of  submission  to the
recording  office),  (b) all  interim  recorded  assignments,  (c) the  original
recorded modification agreement, if required, or (d) the original lender's title
insurance policy (together with all riders thereto)  satisfying the requirements
of clause (b)(I)(ii), (iv), (vi) or (vii) above, respectively, concurrently with
the execution and delivery  hereof  because such document or documents  have not
been returned from the applicable  public recording office in the case of clause
(b)(I)(ii),  (iv) or (vi)  above,  or  because  the  title  policy  has not been
delivered to the Seller by the title  insurer in the case of clause  (b)(I)(vii)

                                        42

<PAGE>

above,  the Company  shall request the Seller to use its best efforts to deliver
to the Custodian, if any, or the Trustee, in the case of clause (b)(I)(ii), (iv)
or  (vi)  above,  such  original  Mortgage,  such  interim  assignment,  or such
modification  agreement,  with  evidence of  recording  indicated  thereon  upon
receipt thereof from the public recording office, or a copy thereof,  certified,
if appropriate, by the relevant recording office, but in no event shall any such
delivery  of  the  original  Mortgage  and  each  such  interim   assignment  or
modification  agreement or a copy thereof,  certified,  if  appropriate,  by the
relevant  recording  office, or the original lender's title policy be made later
than one (1) year following the Closing Date;  provided,  however,  in the event
the  Company is unable to deliver  by such  dates  each  Mortgage  and each such
interim assignment or modification agreement by reason of the fact that any such
documents have not been returned by the appropriate recording office, or, in the
case of each such interim  assignment  or  modification  agreement,  because the
related Mortgage has not been returned by the appropriate  recording office, the
Company shall request the Seller to deliver such documents to the Custodian,  if
any, or the Trustee as promptly as possible  upon  receipt  thereof  and, in any
event, within 540 days following the Closing Date. In lieu of the Mortgage Notes
relating to the Mortgage Loans,  each as identified in the list delivered by the
Seller to the Trustee or Custodian on the Closing Date, the Seller may deliver a
lost note affidavit from the Seller stating that the original  Mortgage Note was
lost,  misplaced  or  destroyed,  and,  if  available,  a copy of each  original
Mortgage Note; provided,  however, that in the case of Mortgage Loans which have
been prepaid in full after the Cut-off Date and prior to the Closing  Date,  the
Seller, in lieu of delivering the above documents, may deliver to the Custodian,
if any, or the  Trustee a  certification  to such  effect and shall  deposit all
amounts  paid in respect of such  Mortgage  Loan in the  Payment  Account on the
Closing Date.

        In connection  with any Mortgage Loan, if the Company cannot deliver the
Mortgage, any assignment,  modification,  assumption agreement or preferred loan
agreement  (or copy  thereof  certified  by the public  recording  office)  with
evidence of recording  thereon  concurrently  with the execution and delivery of
this  Agreement  because of (i) a delay  caused by the public  recording  office
where such Mortgage, assignment, modification, assumption agreement or preferred
loan agreement as the case may be, has been delivered for recordation, or (ii) a
delay in the  receipt of certain  information  necessary  to prepare the related
assignments,  the  Company  shall  deliver  or  cause  to be  delivered  to  the
Custodian, if any, or the Trustee a true and correct photocopy of such Mortgage,
assignment, modification, assumption agreement or preferred loan agreement.

     (d) The Servicer  shall forward or cause to be forwarded to the  Custodian,
if any,  or the  Trustee  (a) from time to time  additional  original  documents
evidencing an assumption  or  modification  of a Mortgage Loan and (b) any other
documents required to be delivered by the Seller.

        All  original  documents  relating to the  Mortgage  Loans which are not
delivered to the Custodian,  if any, or the Trustee are and shall be held by the
Servicer in trust as agent for the Trustee on behalf of the Certificateholders.

        Except  as may  otherwise  expressly  be  provided  herein,  none of the
Seller,  the Servicer or the Trustee shall assign,  sell, dispose of or transfer
any interest in the Trust Fund or any portion thereof,  or permit the Trust Fund

                                        43

<PAGE>

or any  portion  thereof to be subject to any lien,  claim,  mortgage,  security
interest, pledge or other encumbrance of, any other Person.

        The Seller shall cause to be filed the Form UCC-3  assignment  and UCC-1
financing  statement referred to in clause (II)(vii) and (x),  respectively,  of
Section  2.01(b).  If any Form UCC-3 or Form UCC-1,  as  applicable,  is lost or
returned  unfiled to the Servicer  because of any defect  therein,  the Servicer
shall prepare a substitute Form UCC-3 or Form UCC-1, as applicable, or cure such
defect,  and cause such Form UCC-3 or Form UCC-1, as applicable,  to be filed in
accordance with this paragraph.  The Servicer shall promptly deliver or cause to
be delivered to the Trustee or the respective  Custodian such Form UCC-3 or Form
UCC-1,  as applicable,  (or copy thereof  certified by the public filing office)
with evidence of filing  indicated  thereon upon receipt thereof from the public
filing office, but in no event shall such Form UCC-3, Form UCC-1 or a Form UCC-1
required  to be  delivered  pursuant to clause  (II)(vi)  of Section  2.01(b) be
delivered  to the  Custodian,  if any,  or the  Trustee,  later  than  540  days
following  the Closing Date.  In  connection  with its servicing of  Cooperative
Loans,  the  Servicer  will use its best  efforts  to file  timely  continuation
statements  with regard to each financing  statement and assignment  relating to
Cooperative  Loans as to which the  related  Cooperative  Apartment  is  located
outside of the State of New York.

        In connection with the assignment of any Mortgage Loan registered on the
MERS(R)  System,  the  Servicer  further  agrees  that  it  will  cause,  at the
Servicer's  own expense,  on or prior to the Closing Date, the MERS(R) System to
indicate  that such  Mortgage  Loans have been  assigned by the  Servicer to the
Trustee   in   accordance   with  this   Agreement   for  the   benefit  of  the
Certificateholders  by including  (or  deleting,  in the case of Mortgage  Loans
which are  repurchased in accordance with this Agreement) in such computer files
(a) the code  "[IDENTIFY  TRUSTEE  SPECIFIC  CODE]" in the field  "[IDENTIFY THE
FIELD  NAME  FOR  TRUSTEE]"  which  identifies  the  Trustee  and (b)  the  code
"[IDENTIFY  SERIES  SPECIFIC  CODE  NUMBER]"  in the field  "Pool  Field"  which
identifies  the  series  of the  Certificates  issued  in  connection  with such
Mortgage Loans.  The Servicer agrees that it will not alter the codes referenced
in this  paragraph  with  respect to any  Mortgage  Loan during the term of this
Agreement  unless and until such Mortgage Loan is repurchased in accordance with
the terms of this Agreement.

(e)     [Reserved].

(f) It is  intended  that the  conveyance  by the  Company to the Trustee of the
Mortgage  Loans as provided  for in this  Section 2.01 be construed as a sale by
the  Company  to the  Trustee  of the  Mortgage  Loans  for the  benefit  of the
Certificateholders.  Further,  it is not intended that such conveyance be deemed
to be a pledge of the  Mortgage  Loans by the Company to the Trustee to secure a
debt or other obligation of the Company. However, if the Mortgage Loans are held
to be  property of the Company or of GMAC  Mortgage  Corporation,  or if for any
reason  this  Agreement  is held or deemed to create a security  interest in the
Mortgage Loans,  then it is intended that (a) this Agreement shall be a security
agreement  within  the  meaning  of  Articles  8 and 9 of the New  York  Uniform
Commercial  Code  and  the  Uniform  Commercial  Code  of any  other  applicable
jurisdiction; (b) the conveyance provided for in Section 2.01 shall be deemed to
be,  and hereby  is,  (1) a grant by the  Company  to the  Trustee of a security
interest in all of the  Company's  right  (including  the power to convey  title
thereto), title and interest, whether now owned or hereafter acquired, in and to
any  and  all  general  intangibles,   accounts,   chattel  paper,  instruments,
documents,  money, deposit accounts,  certificates of deposit, goods, letters of
credit, advices of credit and investment property and other property of whatever
kind or description  now existing or hereafter  acquired  consisting of, arising
from or relating to any of the following:  (A) the Mortgage Loans, including (i)

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<PAGE>

with respect to each  Cooperative  Loan,  the related  Mortgage  Note,  Security
Agreement,  Assignment of Proprietary  Lease,  Cooperative Stock Certificate and
Cooperative  Lease,  (ii)  with  respect  to each  Mortgage  Loan  other  than a
Cooperative  Loan,  the  related  Mortgage  Note and  Mortgage,  and  (iii)  any
insurance policies and all other documents in the related Mortgage File, (B) all
amounts  payable  pursuant to the Mortgage  Loans in  accordance  with the terms
thereof and (C) all proceeds of the conversion, voluntary or involuntary, of the
foregoing  into  cash,  instruments,  securities  or other  property,  including
without limitation all amounts from time to time held or invested in the Payment
Account or the  Custodial  Account,  whether  in the form of cash,  instruments,
securities or other property and (2) an assignment by the Company to the Trustee
of any security  interest in any and all of GMAC  Mortgage  Corporation's  right
(including the power to convey title thereto),  title and interest,  whether now
owned or hereafter  acquired,  in and to the property described in the foregoing
clauses (1)(A), (B) and (C) granted by GMAC Mortgage  Corporation to the Company
pursuant to the Purchase  Agreement;  (c) the  possession  by the  Trustee,  the
Custodian  or any other  agent of the  Trustee of  Mortgage  Notes or such other
items of property as constitute instruments, money, negotiable documents, goods,
letters  of  credit,  advices  of  credit,  investment  property,   certificated
securities  or chattel  paper shall be deemed to be  "possession  by the secured
party," or  possession  by a purchaser  or a person  designated  by such secured
party,  for  purposes  of  perfecting  the  security  interest  pursuant  to the
Pennsylvania  Uniform  Commercial  Code and the Uniform  Commercial  Code of any
other applicable jurisdiction  (including,  without limitation,  Sections 8-106,
9-305  and  9-115  thereof);  and (d)  notifications  to  persons  holding  such
property,  and  acknowledgments,  receipts or confirmations from persons holding
such property, shall be deemed notifications to, or acknowledgments, receipts or
confirmations from, securities intermediaries,  bailees or agents of, or persons
holding for (as  applicable)  the Trustee  for the  purpose of  perfecting  such
security interest under applicable law.

        The Company and, at the Company's  direction,  GMAC Mortgage Corporation
and the Trustee shall, to the extent  consistent with this Agreement,  take such
reasonable  actions as may be necessary to ensure that, if this  Agreement  were
determined  to create a security  interest in the  Mortgage  Loans and the other
property  described  above,  such security  interest would be determined to be a
perfected  security  interest of first priority under applicable law and will be
maintained as such throughout the term of this Agreement.  Without  limiting the
generality  of the  foregoing,  the  Company  shall  prepare  and deliver to the
Trustee  not less than 15 days prior to any filing date and,  the Trustee  shall
forward for filing, or shall cause to be forwarded for filing, at the expense of
the Company, all filings necessary to maintain the effectiveness of any original
filings  necessary  under  the  Uniform  Commercial  Code  as in  effect  in any
jurisdiction  to  perfect  the  Trustee's  security  interest  in or lien on the
Mortgage,  as evidenced by an Officers'  Certificate  of the Company,  including
without limitation (x) continuation statements, and (y) such other statements as
may be occasioned by (1) any change of name of GMAC  Mortgage  Corporation,  the
Company or the Trustee (such  preparation  and filing shall be at the expense of
the Trustee, if occasioned by a change in the Trustee's name), (2) any change of
location of the place of business or the chief executive office of GMAC Mortgage

                                        45

<PAGE>

Corporation or the Company and (3) any transfer of any interest of GMAC Mortgage
Corporation or the Company in any Mortgage Loan. The Company shall file or cause
to be filed the original filing  necessary under the Uniform  Commercial Code to
perfect the Trustee's security interest in or lien on the Mortgages.

Section 2.02...Acceptance by Trustee.

        The Trustee  acknowledges  that the  Custodian,  acting on behalf of the
Trustee,   has  received  (subject  to  any  exceptions  noted  in  the  initial
certification  described below),  the documents  referred to in Section 2.01 and
that the Trustee has  received all other assets  included in the  definition  of
"Trust Fund" and declares that it holds or will hold the assets  included in the
definition of "Trust Fund" (to the extent delivered or assigned to the Trustee),
in  trust  for  the  exclusive  use  and  benefit  of  all  present  and  future
Certificateholders.

        The Trustee agrees, for the benefit of the Certificateholders and Ambac,
to cause the  Custodian  to review each  Mortgage  File on or before the Closing
Date to verify that such  Mortgage  File includes a Mortgage Note and to execute
and deliver, or cause to be executed and delivered,  to the Seller, the Trustee,
the  Servicer  and  Ambac an  initial  certification  substantially  in the form
annexed hereto as Exhibit N. Pursuant to the Custodial Agreement,  in conducting
such  review,  the  Custodian  is required  to  ascertain  whether all  required
documents have been executed and received,  and whether those documents  relate,
determined on the basis of the Mortgagor name,  original  principal  balance and
loan number,  to the Mortgage  loans it has received.  Neither the Custodian nor
the Trustee shall be under any duty or obligation to inspect,  review or examine
said documents, instruments,  certificates or other papers to determine that the
same are genuine, enforceable or appropriate for the represented purpose or that
they have actually  been  recorded,  or are in recordable  form or that they are
other than what they purport to be on their face.

        Within 180 days of the Closing Date the Trustee will cause the Custodian
to  review,  for the  benefit  of the  Certificateholders,  the  Mortgage  Files
delivered  to it and will  execute and deliver to the Seller,  the  Servicer and
Ambac a final certification  substantially in the form annexed hereto as Exhibit
O.

        If, in the process of reviewing  the Mortgage  Files and  preparing  the
certifications  referred to above, the Custodian finds any document or documents
constituting  a part  of a  Mortgage  File to be  missing  or  defective  in any
material respect, the Custodian is required pursuant to the Custodial Agreement,
to notify the Trustee,  Ambac, the Company and the Seller, and the Trustee shall
request  that the Seller  cure any such  defect  within 90 days from the date on
which the Seller was  notified of such  defect,  and if the Seller does not cure
such defect in all  material  respects  during such  period,  the Trustee  shall
request  on  behalf  of  the  Certificateholders  that  the  Seller  either  (i)
substitute for such Mortgage Loan a Qualified  Substitute  Mortgage Loan,  which
substitution  shall be  accomplished in the manner and subject to the conditions
set forth in Section  2.04,  or (ii)  purchase such Mortgage Loan from the Trust
Fund at the Purchase Price within 90 days after the date on which the Seller was
notified of such defect;  provided  that if such defect would cause the Mortgage
Loan to be other than a "qualified mortgage" as defined in Section 860G(a)(3) of
the Code, any such cure,  substitution  or repurchase  must occur within 90 days
from the date such breach was  discovered.  It is understood and agreed that the
obligation  of the Seller to cure a material  defect in, or  substitute  for, or
purchase  any  Mortgage  Loan as to which a material  defect in or omission of a
constituent  document  exists shall  constitute the sole remedy  respecting such
defect or omission available to  Certificateholders  or the Trustee on behalf of
Certificateholders.  The Purchase Price for the purchased Mortgage Loan shall be

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<PAGE>

deposited or caused to be  deposited  upon receipt by the Trustee in the Payment
Account, or upon receipt by the Servicer in the Custodial Account.  Upon receipt
by the Trustee of written  notification  of such  deposit  signed by a Servicing
Officer,  the  Trustee  shall  release or cause to be released to the Seller the
related Mortgage File and shall execute and deliver such instruments of transfer
or  assignment,  in each case without  recourse,  as the Seller shall require as
necessary to vest in the Seller ownership of any Mortgage Loan released pursuant
hereto and at such time the Trustee  shall have no further  responsibility  with
respect to the related Mortgage File.

        In  furtherance  of the  foregoing,  if the  Subservicer  or Seller that
repurchases  the  Mortgage  Loan is not a  member  of MERS and the  Mortgage  is
registered on the MERS(R) System,  the Servicer,  at its own expense and without
any  right  of  reimbursement,  shall  cause  MERS to  execute  and  deliver  an
assignment of the Mortgage in recordable form to transfer the Mortgage from MERS
to such  Subservicer  or Seller and shall cause such Mortgage to be removed from
registration   on  the  MERS(R)  System  in  accordance  with  MERS'  rules  and
regulations.

Section 2.03...Representations, Warranties and Covenants of the Servicer and the
Company.

(a)  The Servicer hereby  represents and warrants to the Trustee for the benefit
     of the Certificateholders that:

(i)            The Servicer is a corporation  duly organized,  validly  existing
               and in good  standing  under the laws  governing its creation and
               existence and is or will be in  compliance  with the laws of each
               state in which any  Mortgaged  Property  is located to the extent
               necessary to ensure the  enforceability  of each Mortgage Loan in
               accordance with the terms of this Agreement;

(ii)           The execution and delivery of this  Agreement by the Servicer and
               its  performance  and compliance with the terms of this Agreement
               will not violate the Servicer's  Certificate of  Incorporation or
               Bylaws or constitute a material default (or an event which,  with
               notice or lapse of time, or, would constitute a material default)
               under,  or  result  in  the  material  breach  of,  any  material
               contract,  agreement or other instrument to which the Servicer is
               a party or which may be  applicable to the Servicer or any of its
               assets;

(iii)          This  Agreement,   assuming  due  authorization,   execution  and
               delivery  by the Trustee and the  Company,  constitutes  a valid,
               legal and binding obligation of the Servicer, enforceable against
               it in  accordance  with the terms  hereof  subject to  applicable
               bankruptcy, insolvency, reorganization, moratorium and other laws
               affecting the enforcement of creditors'  rights  generally and to
               general   principles  of  equity,   regardless  of  whether  such
               enforcement is considered in a proceeding in equity or at law;

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<PAGE>

(iv)           The  Servicer  is not in  default  with  respect  to any order or
               decree of any  court or any  order,  regulation  or demand of any
               federal,  state,  municipal or governmental agency, which default
               might have  consequences  that  would  materially  and  adversely
               affect the  condition  (financial  or other) or operations of the
               Servicer or its properties or might have  consequences that would
               materially adversely affect its performance hereunder;

(v)            No  litigation  is  pending  or,  to the  best of the  Servicer's
               knowledge,  threatened  against the Servicer which would prohibit
               its entering into this  Agreement or performing  its  obligations
               under this Agreement;

(vi)           The  Servicer  will  comply  in  all  material  respects  in  the
               performance  of this  Agreement  with all  reasonable  rules  and
               requirements  of  each  insurer  under  each  Required  Insurance
               Policy;

(vii)          No information, certificate of an officer, statement furnished in
               writing or report delivered to the Company,  any Affiliate of the
               Company or the Trustee by the Servicer  will, to the knowledge of
               the Servicer,  contain any untrue statement of a material fact or
               omit  a  material  fact   necessary  to  make  the   information,
               certificate, statement or report not misleading; and

(viii)         The  Servicer  is a  member  of MERS in good  standing,  and will
               comply in all material  respects with the rules and procedures of
               MERS in connection  with the servicing of the Mortgage Loans that
               are registered with MERS.

It is understood and agreed that the representations and warranties set forth in
this Section 2.03(a) shall survive delivery of the respective  Mortgage Files to
the Custodian, if any, or the Trustee.

Section 2.04...Representations and Warranties of the Seller.

        The  Company   hereby   assigns  to  the  Trustee  for  the  benefit  of
Certificateholders  all of its  right,  title and  interest  in  respect  of the
Purchase   Agreement   insofar  as  the  Purchase   Agreement   relates  to  the
representations  and  warranties  made by the Seller in respect of such Mortgage
Loan and any remedies provided thereunder for any breach of such representations
and warranties,  such right,  title and interest may be enforced by the Servicer
on behalf of the Trustee and the  Certificateholders.  Upon the discovery by the
Company,  the  Servicer,  the Trustee or any Custodian of a breach of any of the
representations  and  warranties  made in the  Purchase  Agreement  (which,  for
purposes  hereof,  will be deemed to include  any other  cause  giving rise to a
repurchase  obligation under the Purchase  Agreement) in respect of any Mortgage
Loan  which   materially   and   adversely   affects   the   interests   of  the
Certificateholders  in such Mortgage  Loan,  the party  discovering  such breach
shall give prompt written  notice to the other parties (any  Custodian  being so
obligated under a Custodial  Agreement).  The Servicer shall promptly notify the
Seller of such breach and request that the Seller either (i) cure such breach in
all material  respects within 90 days from the date the Servicer was notified of
such  breach or (ii)  purchase  such  Mortgage  Loan from the Trust  Fund at the
Purchase Price and in the manner set forth in Section 2.02; provided that in the
case of a breach under the Purchase  Agreement  the Seller shall have the option
to  substitute a Qualified  Substitute  Mortgage Loan or Loans for such Mortgage
Loan if such  substitution  occurs within two years  following the Closing Date;
provided  that if the breach  would cause the  Mortgage  Loan to be other than a
"qualified  mortgage"  as defined in Section  860G(a)(3)  of the Code,  any such

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<PAGE>

cure,  repurchase  or  substitution  must occur within 90 days from the date the
breach  was  discovered.  In the event that the Seller  elects to  substitute  a
Qualified Substitute Mortgage Loan or Loans for a Deleted Mortgage Loan pursuant
to this Section 2.04, the Seller shall deliver to the Trustee for the benefit of
the  Certificateholders  with respect to such Qualified Substitute Mortgage Loan
or Loans,  the original  Mortgage  Note,  the  Mortgage,  an  Assignment  of the
Mortgage in recordable form if required pursuant to Section 2.01, and such other
documents and agreements as are required by Section 2.01, with the Mortgage Note
endorsed  as  required  by Section  2.01.  No  substitution  will be made in any
calendar month after the Determination Date for such month. Monthly Payments due
with respect to Qualified Substitute Mortgage Loans in the month of substitution
shall not be part of the Trust Fund and will be  retained  by the  Servicer  and
remitted by the Servicer to the Seller on the next succeeding Distribution Date.
For the month of  substitution,  distributions  to the  Certificateholders  will
include the Monthly  Payment due on a Deleted  Mortgage  Loan for such month and
thereafter  the Seller  shall be  entitled  to retain all  amounts  received  in
respect of such Deleted  Mortgage  Loan. The Servicer shall amend or cause to be
amended the Mortgage  Loan  Schedule,  and, if the Deleted  Mortgage  Loan was a
Discount Mortgage Loan, the Schedule of Discount  Fractions,  for the benefit of
the  Certificateholders to reflect the removal of such Deleted Mortgage Loan and
the  substitution  of the  Qualified  Substitute  Mortgage Loan or Loans and the
Servicer shall deliver the amended  Mortgage Loan Schedule,  and, if the Deleted
Mortgage Loan was a Discount  Mortgage  Loan,  the amended  Schedule of Discount
Fractions,  to the Trustee.  Upon such  substitution,  the Qualified  Substitute
Mortgage  Loan or Loans shall be subject to the terms of this  Agreement and the
related  Subservicing  Agreement in all respects,  the Seller shall be deemed to
have made the  representations  and  warranties  with  respect to the  Qualified
Substitute  Mortgage Loan contained in the Purchase  Agreement as of the date of
substitution.

        In connection with the substitution of one or more Qualified  Substitute
Mortgage  Loans  for one or more  Deleted  Mortgage  Loans,  the  Servicer  will
determine  the amount (if any) by which the aggregate  principal  balance of all
such Qualified  Substitute Mortgage Loans as of the date of substitution is less
than the aggregate Stated  Principal  Balance of all such Deleted Mortgage Loans
(in each case after application of the principal portion of the Monthly Payments
due  in  the  month  of   substitution   that  are  to  be  distributed  to  the
Certificateholders in the month of substitution). The Servicer shall deposit the
amount of such shortfall  received for the Seller into the Custodial  Account on
the day of  substitution.  The  Servicer  shall  give  notice in  writing to the
Trustee  of such  event,  which  notice  shall be  accompanied  by an  Officers'
Certificate  as to the  calculation  of such  shortfall  and (subject to Section
10.01(f)) by an Opinion of Counsel to the effect that such substitution will not
cause (a) any  federal tax to be imposed on the Trust  Fund,  including  without
limitation,  any federal tax imposed on "prohibited  transactions" under Section
860F(a)(1)  of the Code or on  "contributions  after  the  startup  date"  under
Section  860G(d)(1)  of the Code or (b) any  portion of either  REMIC to fail to
qualify as such at any time that any Certificate is outstanding.

        It is  understood  and agreed that the  obligation of the Seller to cure
such breach or purchase (or to  substitute  for) such  Mortgage Loan as to which
such a breach has occurred and is continuing  shall  constitute  the sole remedy

                                        49

<PAGE>

respecting  such breach  available to the  Certificateholders  or the Trustee on
behalf of Certificateholders. In connection with the purchase of or substitution
for any such Mortgage Loan by the Seller, the Trustee shall assign to the Seller
all of the  right,  title and  interest  in respect  of the  Purchase  Agreement
applicable to such Mortgage Loan.

Section 2.05...Execution and Authentication of Certificates.

        The Trustee  acknowledges the assignment to it of the Mortgage Loans and
the delivery of the Mortgage  Files to the  Custodian on its behalf,  subject to
any  exceptions  noted,  together with the  assignment to it of all other assets
included  in the Trust Fund  and/or the  applicable  REMIC,  receipt of which is
hereby  acknowledged.  Concurrently with such delivery and in exchange therefor,
the  Trustee,  pursuant  to the written  request of the  Company  executed by an
officer of the Company has executed and caused to be authenticated and delivered
to or upon the order of the Company the Certificates in authorized denominations
which evidence ownership of the entire Trust Fund.

Section 2.06...Negative Covenants of the Trust Fund.

        Except as otherwise  expressly  permitted by this  Agreement,  the Trust
Fund shall not:

(a)  sell,  transfer,  exchange or otherwise dispose of any of the assets of the
     Trust Fund;

(b)     dissolve or liquidate in whole or in part;

(c) engage, directly or indirectly,  in any business other than that arising out
of the issue of the Certificates, and the actions contemplated or required to be
performed under this Agreement;

(d)  incur,  create or assume any indebtedness for borrowed money other than the
     Certificates;

(e)  voluntarily file a petition for bankruptcy, reorganization,  assignment for
     the benefit of creditors or similar proceeding; or

(f)     merge, convert or consolidate with any other Person.

                                ARTICLE III....

                          ADMINISTRATION AND SERVICING
                                OF MORTGAGE LOANS

Section 3.01...Servicer to Act as Servicer.

(a) The Servicer  shall service and  administer the Mortgage Loans in accordance
with the terms of this Agreement and the respective Mortgage Loans, shall follow
such  practices and  procedures  as it shall deem  necessary or advisable and as
shall be normal and usual in its  general  mortgage  servicing  activities,  and
shall have full power and  authority,  acting alone or through  Subservicers  as
provided in Section 3.02,  to do any and all things which it may deem  necessary

                                        50

<PAGE>

or desirable in  connection  with such  servicing  and  administration.  Without
limiting the generality of the foregoing, the Servicer in its own name or in the
name of a Subservicer is hereby authorized and empowered by the Trustee when the
Servicer or the Subservicer,  as the case may be, believes it appropriate in its
best judgment, to execute and deliver, on behalf of the  Certificateholders  and
the  Trustee  or any of  them,  any  and  all  instruments  of  satisfaction  or
cancellation,  or of partial  or full  release  or  discharge,  or of consent to
assumption or  modification  in  connection  with a proposed  conveyance,  or of
assignment of any Mortgage and Mortgage Note in connection  with the  repurchase
of a Mortgage Loan and all other comparable instruments,  or with respect to the
modification  or  re-recording  of a Mortgage for the purpose of correcting  the
Mortgage,  the  subordination  of the lien of the  Mortgage in favor of a public
utility company or government agency or unit with powers of eminent domain,  the
taking  of a deed in lieu  of  foreclosure,  the  commencement,  prosecution  or
completion  of  judicial  or  non-judicial  foreclosure,  the  conveyance  of  a
Mortgaged  Property to the related  Insurer,  the  acquisition  of any  property
acquired  by  foreclosure  or deed in lieu of  foreclosure,  or the  management,
marketing and conveyance of any property acquired by foreclosure or deed in lieu
of  foreclosure  with  respect  to the  Mortgage  Loans and with  respect to the
Mortgaged  Properties.  The Servicer  further is authorized and empowered by the
Trustee, on behalf of the Certificateholders and the Trustee, in its own name or
in the name of the  Subservicer,  when the Servicer or the  Subservicer,  as the
case may be,  believes it  appropriate  in its best  judgment  to  register  any
Mortgage Loan on the MERS(R) System,  or cause the removal from the registration
of any Mortgage Loan on the MERS(R) System, to execute and deliver, on behalf of
the Trustee and the  Certificateholders  or any of them, any and all instruments
of assignment and other  comparable  instruments with respect to such assignment
or  re-recording  of a Mortgage  in the name of MERS,  solely as nominee for the
Trustee and its successors and assigns. Any expenses incurred in connection with
the actions  described in the preceding  sentence shall be borne by the Servicer
in accordance with Section 3.16(c),  with no right of  reimbursement;  provided,
that if, as a result  of MERS  discontinuing  or  becoming  unable  to  continue
operations in connection  with the MERS System,  it becomes  necessary to remove
any Mortgage  Loan from  registration  on the MERS System and to arrange for the
assignment of the related  Mortgages to the Trustee,  then any related  expenses
shall be reimbursable to the Servicer. Notwithstanding the foregoing, subject to
Section 3.07(a),  the Servicer shall not permit any modification with respect to
any Mortgage Loan that would both constitute a sale or exchange of such Mortgage
Loan within the meaning of Section 1001 of the Code and any proposed,  temporary
or final  regulations  promulgated  thereunder  (other than in connection with a
proposed  conveyance  or  assumption  of such Mortgage Loan that is treated as a
Principal  Prepayment  in Full  pursuant  to Section  3.13(d)  hereof) and cause
either REMIC formed under this Agreement to fail to qualify as a REMIC under the
Code.  The Trustee  shall  furnish the Servicer  with any powers of attorney and
other  documents  necessary or appropriate to enable the Servicer to service and
administer  the Mortgage  Loans.  The Trustee shall not be liable for any action
taken by the Servicer or any Subservicer pursuant to such powers of attorney. In
connection with servicing and administering the Mortgage Loans, the Servicer and
any Affiliate of the Servicer (i) may perform  services  such as appraisals  and
brokerage  services that are not  customarily  provided by servicers of mortgage
loans, and shall be entitled to reasonable  compensation  therefor in accordance
with  Section  3.10 and (ii)  may,  at its own  discretion  and on behalf of the
Trustee, obtain credit information in the form of a "credit score" from a credit
repository.

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(b) All costs  incurred by the  Servicer or by  Subservicers  in  effecting  the
timely  payment  of taxes  and  assessments  on the  properties  subject  to the
Mortgage Loans shall not, for the purpose of calculating  monthly  distributions
to the  Certificateholders,  be added to the  amount  owing  under  the  related
Mortgage Loans,  notwithstanding that the terms of such Mortgage Loan so permit,
and  such  costs  shall  be  recoverable  to the  extent  permitted  by  Section
3.10(a)(ii).

(c) The Servicer may enter into one or more  agreements in  connection  with the
offering of pass-through certificates evidencing interests in one or more of the
Certificates  providing  for the payment by the Servicer of amounts  received by
the Servicer as servicing  compensation  hereunder and required to cover certain
Prepayment  Interest  Shortfalls on the Mortgage Loans, which payment obligation
will thereafter be an obligation of the Servicer hereunder.

Section  3.02...Subservicing   Agreements  Between  Servicer  and  Subservicers;
     Enforcement of Subservicers' and Sellers' Obligations.

        The Servicer may enter into Subservicing  Agreements with  Subservicers,
for the servicing and  administration of all or some of the Mortgage Loans. Each
Subservicer  of a Mortgage  Loan shall be entitled  to receive  and  retain,  as
provided in the related Subservicing  Agreement and in Section 3.07, the related
Subservicing Fee from payments of interest  received on such Mortgage Loan after
payment of all amounts  required  to be  remitted to the  Servicer in respect of
such Mortgage  Loan. Any  Subservicing  Fee shall be paid by the Servicer out of
the Servicing Fee for the related Mortgage Loans.  Unless the context  otherwise
requires,  references  in this  Agreement to actions taken or to be taken by the
Servicer in servicing the Mortgage Loans include actions taken or to be taken by
a Subservicer on behalf of the Servicer.

Section 3.03...Successor Subservicers.

        The Servicer shall be entitled to terminate any  Subservicing  Agreement
that may exist in accordance with the terms and conditions of such  Subservicing
Agreement  and without any  limitation  by virtue of this  Agreement;  provided,
however,  that in the event of termination of any Subservicing  Agreement by the
Servicer or the  Subservicer,  the Servicer  shall either act as servicer of the
related  Mortgage Loan or enter into a  Subservicing  Agreement with a successor
Subservicer  which  will be  bound  by the  terms  of the  related  Subservicing
Agreement.

Section 3.04...Liability of the Servicer.

        Notwithstanding  any  Subservicing  Agreement,  any of the provisions of
this Agreement relating to agreements or arrangements  between the Servicer or a
Subservicer  or reference to actions taken  through a Subservicer  or otherwise,
the  Servicer  shall  remain  obligated  and  liable  to  the  Trustee  and  the
Certificateholders  for the servicing and administering of the Mortgage Loans in
accordance  with the  provisions  of Section  3.01  without  diminution  of such
obligation   or  liability  by  virtue  of  such   Subservicing   Agreements  or
arrangements or by virtue of indemnification from the Subservicer or the Company
and to the same  extent  and  under  the same  terms  and  conditions  as if the
Servicer alone were servicing and administering the Mortgage Loans. The Servicer
shall be entitled to enter into any agreement  with a Subservicer  or Seller for
indemnification of the Servicer and nothing contained in this Agreement shall be
deemed to limit or modify such indemnification.

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Section 3.05...No Contractual Relationship Between Subservicer and Trustee or
                     Certificateholders.

        Any  Subservicing  Agreement  that may be  entered  into  and any  other
transactions or services  relating to the Mortgage Loans involving a Subservicer
in its capacity as such and not as an  originator  shall be deemed to be between
the   Subservicer   and   the   Servicer   alone   and  the   Trustee   and  the
Certificateholders shall not be deemed parties thereto and shall have no claims,
rights,  obligations,  duties or liabilities  with respect to the Subservicer in
its capacity as such except as set forth in Section 3.06.

Section 3.06...Assumption or Termination of Subservicing Agreements by Trustee.

(a) If the Servicer shall for any reason no longer be the servicer (including by
reason of an Event of Default), the Trustee, its designee or its successor shall
thereupon  assume all of the rights and  obligations  of the Servicer under each
Subservicing  Agreement  that may have  been  entered  into.  The  Trustee,  its
designee  or the  successor  servicer  for the  Trustee  shall be deemed to have
assumed all of the Servicer's interest therein and to have replaced the Servicer
as a  party  to  the  Subservicing  Agreement  to  the  same  extent  as if  the
Subservicing  Agreement had been assigned to the assuming  party except that the
Servicer shall not thereby be relieved of any liability or obligations under the
Subservicing Agreement.

(b) The  Servicer  shall,  upon request of the Trustee but at the expense of the
Servicer,  deliver to the assuming  party all documents and records  relating to
each  Subservicing  Agreement and the Mortgage  Loans then being serviced and an
accounting  of  amounts  collected  and  held by it and  otherwise  use its best
efforts  to effect the  orderly  and  efficient  transfer  of each  Subservicing
Agreement to the assuming party.

Section  3.07...Collection  of  Certain  Mortgage  Loan  Payments;  Deposits  to
     Custodial Account.

(a) The Servicer shall make  reasonable  efforts to collect all payments  called
for under the terms and  provisions  of the Mortgage  Loans,  and shall,  to the
extent such procedures shall be consistent with this Agreement and the terms and
provisions  of any related  Primary  Insurance  Policy,  follow such  collection
procedures as it would employ in its good faith business  judgment and which are
normal and usual in its general mortgage servicing  activities.  Consistent with
the  foregoing,  the Servicer may in its  discretion  (i) waive any late payment
charge or any  prepayment  charge or penalty  interest  in  connection  with the
prepayment of a Mortgage Loan and (ii) extend the Due Date for payments due on a
Mortgage Note for a period not greater than 180 days;  provided,  however,  that
the Servicer  shall first  determine  that any such waiver or extension will not
impair the  coverage  of any  related  Primary  Insurance  Policy or  materially
adversely  affect  the lien of the  related  Mortgage.  In the event of any such
arrangement,  the Servicer  shall make timely  advances on the related  Mortgage
Loan during the scheduled period in accordance with the amortization schedule of
such Mortgage Loan without  modification  thereof by reason of such arrangements
unless  otherwise  agreed  to by the  Holders  of the  Classes  of  Certificates
affected thereby; provided, however, that no such extension shall be made if any
such advance would be a  Nonrecoverable  Advance.  Consistent  with the terms of
this  Agreement,  the  Servicer  may also waive,  modify or vary any term of any
Mortgage Loan or consent to the postponement of strict  compliance with any such
term or in any manner grant  indulgence  to any  Mortgagor if in the  Servicer's
determination  such waiver,  modification,  postponement  or  indulgence  is not
materially  adverse to the  interests  of the  Certificateholders  (taking  into
account any  estimated  Realized  Loss that might  result  absent such  action);
provided,  however,  that the Servicer may not modify  materially  or permit any
Subservicer  to modify any  Mortgage  Loan,  including  without  limitation  any
modification  that would  change the Mortgage  Rate,  forgive the payment of any
principal or interest  (unless in connection with the liquidation of the related
Mortgage Loan or except in connection  with  prepayments to the extent that such

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reamortization  is not  inconsistent  with the terms of the Mortgage  Loan),  or
extend the final maturity date of such Mortgage Loan,  unless such Mortgage Loan
is in default or, in the judgment of the  Servicer,  such default is  reasonably
foreseeable;  and provided,  further, that no such modification shall reduce the
interest  rate on a  Mortgage  Loan below the sum of the Pool Strip Rate and the
Servicing Fee Rate. In connection  with any  Curtailment of a Mortgage Loan, the
Servicer, to the extent not inconsistent with the terms of the Mortgage Note and
local law and practice, may permit the Mortgage Loan to be reamortized such that
the Monthly  Payment is  recalculated  as an amount that will fully amortize the
remaining Stated Principal  Balance thereof by the original  Maturity Date based
on the original Mortgage Rate; provided,  that such re-amortization shall not be
permitted if it would  constitute a reissuance  of the Mortgage Loan for federal
income  tax  purposes,  except  if such  reissuance  is  described  in  Treasury
Regulation  Section  1.860G-2(b)(3).  The  Servicer  shall  not be  required  to
institute  or join in  litigation  with  respect to  collection  of any  payment
(whether  under a Mortgage,  Mortgage Note or otherwise or against any public or
governmental  authority  with  respect  to  a  taking  or  condemnation)  if  it
reasonably  believes  that  enforcing  the  provision  of the  Mortgage or other
instrument  pursuant  to  which  such  payment  is  required  is  prohibited  by
applicable law.

(b) The  Servicer  shall  segregate  and hold all funds  collected  and received
pursuant to each  Mortgage Loan separate and apart from any of its own funds and
general assets and shall  establish and maintain one or more Custodial  Accounts
held in trust,  entitled "GMAC Mortgage  Corporation  Custodial Account in trust
for the  benefit of the  Holders of GMACM  Mortgage  Pass-Through  Certificates,
Series  2000-J6."  Each  Custodial  Account  shall be an Eligible  Account.  The
Custodial  Account  shall be maintained  as a segregated  account,  separate and
apart from trust funds created for mortgage  pass-through  certificates of other
series, and the other accounts of the Servicer.

        Within two Business  Days of receipt,  except as otherwise  specifically
provided  herein,  the  Servicer  shall  deposit  or cause to be  deposited  the
following payments and collections remitted by subservicers or received by it in
respect of the  Mortgage  Loans  subsequent  to the Cut-off  Date (other than in
respect of principal  and interest due on such  Mortgage  Loans on or before the
Cut-off Date) and the following amounts required to be deposited hereunder:

(i)            All  payments  on  account  of  principal,   including  Principal
               Prepayments  made by  Mortgagors  on the  Mortgage  Loans and the
               principal  component  of any  Subservicer  Advance  or of any REO
               Proceeds received in connection with an REO Property for which an
               REO Disposition has occurred;

(ii)           All payments on account of interest at the Net  Mortgage  Rate on
               the Mortgage Loans, and the interest component of any Subservicer
               Advance or of any REO Proceeds received in connection with an REO
               Property for which an REO  Disposition  has  occurred,  minus the

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               amount of any interest paid by a Mortgagor in  connection  with a
               Principal Prepayment in Full for the calendar month in which such
               Principal  Prepayment  is to be  distributed  pursuant to Section
               4.02;

(iii)Insurance  Proceeds and Liquidation  Proceeds (net of any related  expenses
     of the Subservicer);

(iv)           All proceeds of any Mortgage Loans purchased  pursuant to Section
               2.02,  2.04 or 4.07 and all amounts  required to be  deposited in
               connection  with  the  substitution  of  a  Qualified  Substitute
               Mortgage Loan pursuant to Section 2.04;

(v)     Any amounts required to be deposited pursuant to Section 3.07(c); and

(vi)           All amounts transferred from the Payment Account to the Custodial
               Account in accordance with Section 4.02(a).

The  foregoing  requirements  for  deposit  in the  Custodial  Account  shall be
exclusive,  it being understood and agreed that, without limiting the generality
of the foregoing, payments on the Mortgage Loans which are not part of the Trust
Fund  (consisting  of  payments  in respect of  principal  and  interest  on the
Mortgage Loans due on or before the Cut-off Date) and payments or collections in
the nature of prepayment  charges or late payment charges or assumption fees may
but need not be deposited by the Servicer in the Custodial Account. In the event
any  amount  not  required  to be  deposited  in  the  Custodial  Account  is so
deposited,  the Servicer may at any time withdraw such amount from the Custodial
Account,  any  provision  herein to the contrary  notwithstanding.  The Servicer
shall  maintain  records  with  respect to all  deposits  made  pursuant to this
Section. All funds deposited in the Custodial Account shall be held in trust for
the Certificateholders until withdrawn in accordance with Section 3.10.

        With respect to Insurance Proceeds,  Liquidation Proceeds,  REO Proceeds
and the proceeds of the purchase of any Mortgage Loan pursuant to Sections 2.02,
2.03,  2.04 and 4.07 received in any calendar  month,  the Servicer may elect to
treat such  amounts as included  in the  Available  Distribution  Amount for the
Distribution Date in the month of receipt, but is not obligated to do so. If the
Servicer so elects,  such amounts will be deemed to have been  received (and any
related  Realized Loss shall be deemed to have  occurred) on the last day of the
month prior to the receipt thereof.

(c) The Servicer shall use its best efforts to cause the institution maintaining
the Custodial Account to invest the funds in the Custodial Account  attributable
to the Mortgage Loans in Permitted Investments which shall mature not later than
the Payment  Account  Deposit Date next  following  the date of such  investment
(with the exception of the Amount Held for Future  Distribution) and which shall
not be sold or  disposed  of prior  to their  maturities.  All  income  and gain
realized  from any such  investment  shall be for the benefit of the Servicer as
additional  servicing  compensation  and shall be subject to its  withdrawal  or
order from time to time.  The amount of any  losses  incurred  in respect of any
such  investments  attributable  to the  investment of amounts in respect of the
Mortgage  Loans shall be deposited in the Custodial  Account by the Servicer out
of its own funds immediately as realized without any right of reimbursement.

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Section 3.08...Subservicing Accounts; Servicing Accounts.

(a) In those cases where a Subservicer  is servicing a Mortgage Loan pursuant to
a Subservicing Agreement, the Servicer shall cause the Subservicer,  pursuant to
the Subservicing  Agreement,  to establish and maintain one or more Subservicing
Accounts  which  shall be an  Eligible  Account  or, if such  account  is not an
Eligible  Account,  shall be acceptable to the Servicer and each Rating  Agency.
The  Subservicer  will be  required  thereby  to deposit  into the  Subservicing
Account  on a daily  basis  all  proceeds  of  Mortgage  Loans  received  by the
Subservicer,  less its Subservicing Fees and unreimbursed advances and expenses,
to the extent  permitted  by the  Subservicing  Agreement.  If the  Subservicing
Account  is not an  Eligible  Account,  the  Servicer  shall be  deemed  to have
received such monies upon receipt  thereof by the  Subservicer.  The Subservicer
shall not be  required  to  deposit  in the  Subservicing  Account  payments  or
collections  in the nature of  prepayment  charges or late charges or assumption
fees.  On or before  each  Determination  Date,  the  Servicer  shall  cause the
Subservicer,  pursuant to the Subservicing  Agreement,  to remit to the Servicer
for deposit in the Custodial Account all funds held in the Subservicing  Account
with  respect  to each  Mortgage  Loan  serviced  by such  Subservicer  that are
required to be remitted to the Servicer.

(b) In addition to the Custodial  Account and the Payment Account,  the Servicer
shall for any Nonsubserviced Mortgage Loan, and shall cause the Subservicers for
Subserviced  Mortgage  Loans to,  establish  and maintain one or more  Servicing
Accounts and deposit and retain therein all collections  from the Mortgagors (or
advances  from  Subservicers)  for the  payment  of taxes,  assessments,  hazard
insurance  premiums,  Primary  Insurance  Policy  premiums,  if  applicable,  or
comparable items for the account of the Mortgagors. Each Servicing Account shall
be hold in trust, entitled "GMAC Mortgage Corporation Servicing Account in trust
for  the  benefit  of  the  of  the  Holders  of  GMACM  Mortgage   Pass-Through
Certificates,  Series  2000-J6."  Withdrawals of amounts related to the Mortgage
Loans from the Servicing  Accounts may be made only to effect timely  payment of
taxes,  assessments,   hazard  insurance  premiums,   Primary  Insurance  Policy
premiums,  if  applicable,  or  comparable  items,  to reimburse the Servicer or
Subservicer  out of  related  collections  for any  payments  made  pursuant  to
Sections 3.11 (with respect to the Primary  Insurance  Policy) and 3.12(a) (with
respect to hazard  insurance),  to refund to any  Mortgagors  any sums as may be
determined  to be overages,  to pay  interest,  if required,  to  Mortgagors  on
balances  in the  Servicing  Account  or to clear and  terminate  the  Servicing
Account at the termination of this Agreement in accordance with Section 9.01. As
part of its servicing  duties,  the Servicer shall, and the  Subservicers  will,
pursuant to the  Subservicing  Agreements,  be required to pay to the Mortgagors
interest on funds in this account to the extent required by law.

(c) The  Servicer  shall  advance  the  payments  referred  to in the  preceding
subsection  that  are not  timely  paid by the  Mortgagors  or  advanced  by the
Subservicers  on the date when the tax,  premium  or other  cost for which  such
payment is intended  is due,  but the  Servicer  shall be required so to advance
only to the  extent  that  such  advances,  in the good  faith  judgment  of the
Servicer,  will  be  recoverable  by the  Servicer  out of  Insurance  Proceeds,
Liquidation Proceeds or otherwise.

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Section 3.09...Access  to Certain  Documentation  and Information  Regarding the
     Mortgage Loans.

        If   compliance   with  this  Section  3.09  shall  make  any  Class  of
Certificates  legal  for  investment  by  federally  insured  savings  and  loan
associations,  the Servicer shall provide, or cause the Subservicers to provide,
to the Trustee, the Office of Thrift Supervision or the FDIC and the supervisory
agents and examiners thereof access to the documentation  regarding the Mortgage
Loans required by applicable  regulations  of the Office of Thrift  Supervision,
such access being afforded  without charge but only upon reasonable  request and
during normal  business  hours at the offices  designated  by the Servicer.  The
Servicer shall permit such  representatives  to photocopy any such documentation
and  shall  provide   equipment   for  that  purpose  at  a  charge   reasonably
approximating the cost of such photocopying to the Servicer.

Section 3.10...Permitted Withdrawals from the Custodial Account.

(a) The Servicer may,  from time to time as provided  herein,  make  withdrawals
from the  Custodial  Account of amounts on deposit  therein  pursuant to Section
3.07 that are attributable to the Mortgage Loans for the following purposes:

(i)  to make deposits into the Payment  Account in the amounts and in the manner
     provided for in Section 4.01;

(ii) to reimburse itself or the related Subservicer for previously  unreimbursed
     advances or expenses made pursuant to Sections 3.01,  3.07(a),  3.08, 3.11,
     3.12(a),  3.14 and 4.04 or otherwise  reimbursable pursuant to the terms of
     this Agreement,  such withdrawal right being limited to amounts received on
     particular  Mortgage  Loans  (including,  for this  purpose,  REO Proceeds,
     Insurance Proceeds,  Liquidation Proceeds and proceeds from the purchase of
     a Mortgage Loan pursuant to Section 2.02, 2.04 or 4.07) which represent (A)
     Late Collections of Monthly Payments for which any such advance was made in
     the case of Subservicer  Advances or Advances  pursuant to Section 4.04 and
     (B)  recoveries  of amounts in respect of which such  advances were made in
     the case of Servicing Advances;

(iii)to pay to itself or the related  Subservicer (if not previously retained by
     such  Subservicer)  out of each payment received by the Servicer on account
     of interest on a Mortgage Loan as  contemplated  by Sections 3.14 and 3.16,
     an  amount  equal  to that  remaining  portion  of any such  payment  as to
     interest (but not in excess of the Servicing Fee and the Subservicing  Fee,
     if not  previously  retained)  which,  when  deducted,  will  result in the
     remaining  amount of such interest  being interest at the Net Mortgage Rate
     (or Modified Net Mortgage Rate in the case of a Modified  Mortgage Loan) on
     the amount specified in the  amortization  schedule of the related Mortgage
     Loan as the  principal  balance  thereof  at the  beginning  of the  period
     respecting which such interest was paid after giving effect to any previous
     Curtailments;

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(iv)           to  pay  to  itself  as  additional  servicing  compensation  any
               interest or investment  income earned on funds and other property
               deposited  in or credited  to the  Custodial  Account  that it is
               entitled to withdraw pursuant to Section 3.07(c);

(v)  to pay to itself  as  additional  servicing  compensation  any  Foreclosure
     Profits,  and  any  amounts  remitted  by  Subservicers  or  received  from
     Mortgagors as interest in respect of Curtailments;

(vi)           to pay the Seller, with respect to each Mortgage Loan or property
               acquired in respect  thereof that has been purchased or otherwise
               transferred  pursuant to Section 2.02,  2.04,  4.07 or 9.01,  all
               amounts  received  thereon and not required to be  distributed to
               the Certificateholders as of the date on which the related Stated
               Principal Balance or Purchase Price is determined;

(vii)          to  reimburse   itself  or  the  related   Subservicer   for  any
               Nonrecoverable  Advance  or  Advances  in the  manner  and to the
               extent  provided in  subsection  (c) below,  any Advance  made in
               connection  with a  modification  of a  Mortgage  Loan that is in
               default  or,  in  the  judgment  of  the  Servicer,   default  is
               reasonably foreseeable pursuant to Section 3.07(a), to the extent
               the  amount  of the  Advance  has been  added to the  outstanding
               principal   balance  of  the  Mortgage   Loan,   or  any  Advance
               reimbursable to the Servicer pursuant to Section 4.02(a);

(viii)         to reimburse  itself or the Company for expenses  incurred by and
               reimbursable to it or the Company  pursuant to Sections  3.01(a),
               3.11, 3.13, 3.14(c), 6.03, 10.01 or otherwise;

(ix)           to reimburse  itself for  Servicing  Advances  expended by it (a)
               pursuant  to Section  3.14 in good faith in  connection  with the
               restoration of property damaged by an Uninsured Cause, and (b) in
               connection with the liquidation of a Mortgage Loan or disposition
               of an  REO  Property  to  the  extent  not  otherwise  reimbursed
               pursuant to clause (ii) or (viii) above; and

(x)  to withdraw  any amount  deposited  in the  Custodial  Account that was not
     required to be deposited therein pursuant to Section 3.07.

(b) Since, in connection with withdrawals  pursuant to clauses (ii),  (iii), (v)
and (vi), the Servicer's  entitlement thereto is limited to collections or other
recoveries on the related  Mortgage  Loan,  the Servicer shall keep and maintain
separate accounting,  on a Mortgage Loan by Mortgage Loan basis, for the purpose
of  justifying  any  withdrawal  from the  Custodial  Account  pursuant  to such
clauses.

(c)  The  Servicer  shall  be  entitled  to  reimburse  itself  or  the  related
Subservicer for any advance made in respect of a Mortgage Loan that the Servicer
determines  to be a  Nonrecoverable  Advance by  withdrawal  from the  Custodial
Account of amounts on deposit therein  attributable to the Mortgage Loans on any
Payment  Account Deposit Date  succeeding the date of such  determination.  Such
right of  reimbursement  in  respect  of a  Nonrecoverable  Advance  on any such

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Payment  Account  Deposit Date shall be limited to an amount not  exceeding  the
portion  of  such  advance  previously  paid  to  Certificateholders   (and  not
theretofore reimbursed to the Servicer or the related Subservicer).

Section  3.11...Maintenance  of  the  Primary  Insurance  Policies;  Collections
     Thereunder.

(a) The Servicer  shall not take, or permit any  Subservicer to take, any action
which would result in non-coverage under any applicable Primary Insurance Policy
of any loss which,  but for the actions of the  Servicer or  Subservicer,  would
have been covered thereunder.  To the extent coverage is available, the Servicer
shall  keep or cause to be kept in full  force and  effect a  Primary  Insurance
Policy  in the  case of each  Mortgage  Loan  having  a  Loan-to-Value  Ratio at
origination  in  excess of 80%,  until  the  principal  balance  of the  related
Mortgage  Loan secured by a Mortgaged  Property is reduced to 80% or less of the
appraised  value based on the most recent  appraisal of the  Mortgaged  Property
performed by a qualified appraiser, such appraisal to be included in the related
servicing  file.  The  Servicer  shall  not  cancel  or refuse to renew any such
Primary  Insurance  Policy  applicable  to a  Nonsubserviced  Mortgage  Loan, or
consent to any  Subservicer  canceling  or  refusing  to renew any such  Primary
Insurance  Policy  applicable to a Mortgage Loan  subserviced  by it, that is in
effect at the date of the initial  issuance of the  Certificates and is required
to be kept in force hereunder  unless the replacement  Primary  Insurance Policy
for such  canceled or  non-renewed  policy is  maintained  with an insurer whose
claims-paying   ability  is  acceptable  to  each  Rating  Agency  for  mortgage
pass-through  certificates  having a rating equal to or better than the lower of
the  then-current  rating or the rating  assigned to the  Certificates as of the
Closing  Date by such  Rating  Agency.  In  connection  with any  assumption  or
substitution  agreement  entered into or to be entered into  pursuant to Section
3.13, the Servicer shall promptly  notify the insurer under the related  Primary
Insurance  Policy,  if any, of such  assumption or  substitution of liability in
accordance with the terms of such policy and shall take all actions which may be
required by such insurer as a condition to the  continuation  of coverage  under
the Primary  Insurance Policy. If such Primary Insurance Policy is terminated as
a result of such  assumption or  substitution  of liability,  the Servicer shall
obtain a replacement Primary Insurance Policy as provided above.

(b) In  connection  with its  activities  as  administrator  and servicer of the
Mortgage  Loans,  the  Servicer  agrees  to  present  or to  cause  the  related
Subservicer to present, on behalf of the Servicer, the Subservicer,  if any, the
Trustee and Certificateholders,  claims to the related Insurer under any Primary
Insurance Policies, in a timely manner in accordance with such policies, and, in
this  regard,  to take or cause to be taken such  reasonable  action as shall be
necessary to permit  recovery under any Primary  Insurance  Policies  respecting
defaulted  Mortgage  Loans.  Pursuant to Section 3.07,  any  Insurance  Proceeds
collected by or remitted to the Servicer  under any Primary  Insurance  Policies
shall be deposited in the Custodial Account,  subject to withdrawal  pursuant to
Section 3.10.

Section   3.12...Maintenance  of  Fire  Insurance  and  Omissions  and  Fidelity
     Coverage.

(a) The Servicer shall cause to be maintained for each Mortgage Loan (other than
a Cooperative  Loan) fire insurance with extended coverage in an amount which is
equal to the lesser of (i)(A) the greater of the principal balance owing on such
Mortgage  Loan and (B) the  percentage  such that the proceeds  thereof shall be
sufficient to prevent the application of a co-insurance clause; if the Mortgaged
Property  is in an  area  identified  in the  Federal  Register  by the  Federal
Emergency  Management  Agency  as being a  special  flood  hazard  area that has

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federally-mandated  flood insurance requirements,  the Servicer will cause to be
maintained a flood  insurance  policy  meeting the  requirements  of the current
guidelines of the Federal Insurance  Administration with a generally  acceptable
insurance carrier, in an amount representing coverage not less than the least of
(i) the  outstanding  principal  balance of the Mortgage Loan,  (ii) the maximum
insurable  value of the  improvements  securing  such Mortgage Loan or (iii) the
maximum  amount  of  insurance  which is  available  under  the  Flood  Disaster
Protection Act of 1973, as amended;  or (ii) 100 percent of the insurable  value
of the improvements.  The Servicer shall also cause to be maintained on property
acquired upon foreclosure,  or deed in lieu of foreclosure, of any Mortgage Loan
(other than a Cooperative  Loan),  fire insurance  with extended  coverage in an
amount  which  is  at  least  equal  to  the  maximum  insurable  value  of  the
improvements which are a part of such property,  liability insurance and, to the
extent required and available  under the Flood Disaster  Protection Act of 1973,
as amended,  flood insurance in an amount as provided above. Pursuant to Section
3.07, any amounts  collected by the Servicer under any such policies (other than
amounts to be  applied to the  restoration  or repair of the  related  Mortgaged
Property  or property  thus  acquired or amounts  released to the  Mortgagor  in
accordance with the Servicer's  normal servicing  procedures) shall be deposited
in the Custodial  Account,  subject to withdrawal  pursuant to Section 3.10. Any
cost incurred by the Servicer in maintaining  any such insurance  shall not, for
the purpose of calculating monthly distributions to the  Certificateholders,  be
added to the amount  owing under the  Mortgage  Loan,  notwithstanding  that the
terms of the Mortgage  Loan so permit.  Such costs shall be  recoverable  by the
Servicer  out of related  late  payments by the  Mortgagor  or out of  Insurance
Proceeds and Liquidation Proceeds to the extent permitted by Section 3.10. It is
understood and agreed that no earthquake or other additional  insurance is to be
required of any  Mortgagor or  maintained  on property  acquired in respect of a
Mortgage Loan other than pursuant to such  applicable  laws and  regulations  as
shall at any time be in force and as shall  require such  additional  insurance.
All such policies  shall be endorsed with standard  mortgagee  clauses with loss
payable to the Servicer and its successors  and/or assigns and shall provide for
at least thirty days prior written notice of any cancellation,  reduction in the
amount or material  change in coverage to the Servicer.  The Servicer  shall not
interfere  with the  Mortgagor's  freedom  of choice  in  selecting  either  his
insurance  carrier or agent,  provided,  however,  that the  Servicer  shall not
accept  any  such  insurance  policies  from  insurance  companies  unless  such
companies  currently  reflect a General Policy Rating in Best's Key Rating Guide
currently  acceptable to Fannie Mae and are licensed to do business in the state
wherein the property subject to the policy is located.

        If the  Servicer  shall  obtain and  maintain a blanket  fire  insurance
policy with  extended  coverage  insuring  against  hazard  losses on all of the
Mortgage  Loans,  it  shall   conclusively  be  deemed  to  have  satisfied  its
obligations as set forth in the first sentence of this Section 3.12(a), it being
understood and agreed that such policy may contain a deductible clause, in which
case the Servicer  shall, in the event that there shall not have been maintained
on the related Mortgaged  Property a policy complying with the first sentence of
this  Section  3.12(a)  and there  shall have been a loss which  would have been
covered by such policy,  deposit in the Payment Account the amount not otherwise
payable under the blanket policy  because of such  deductible  clause.  Any such
deposit by the Servicer shall be made on the Payment  Account  Deposit Date next
preceding the Distribution Date which occurs in the month following the month in
which  payments under any such policy would have been deposited in the Custodial

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Account.  In connection with its activities as administrator and servicer of the
Mortgage Loans, the Servicer agrees to present, on behalf of itself, the Trustee
and the Certificateholders, claims under any such blanket policy.

(b) The  Servicer  shall obtain and maintain at its own expense and keep in full
force and effect  throughout the term of this Agreement a blanket  fidelity bond
and an errors and omissions  insurance  policy covering the Servicer's  officers
and employees  and other persons  acting on behalf of the Servicer in connection
with its  activities  under  this  Agreement.  The  amount  of  coverage,  taken
together,  shall be at least  equal to the  coverage  that would be  required by
Fannie Mae or Freddie Mac,  with  respect to the  Servicer if the Servicer  were
servicing and administering the Mortgage Loans for Fannie Mae or Freddie Mac. In
the event  that any such bond or policy  ceases to be in  effect,  the  Servicer
shall obtain a comparable  replacement bond or policy from an issuer or insurer,
as the case may be, meeting the requirements set forth above.

Section 3.13...Enforcement  of Due-on-Sale Clauses;  Assumption and Modification
     Agreements; Certain Assignments.

(a) When any Mortgaged  Property is conveyed by the  Mortgagor,  the Servicer or
Subservicer,  to the extent it has knowledge of such  conveyance,  shall enforce
any due-on-sale clause contained in any Mortgage Note or Mortgage, to the extent
permitted under  applicable law and  governmental  regulations,  but only to the
extent that such enforcement  will not adversely  affect or jeopardize  coverage
under any Required Insurance Policy. Notwithstanding the foregoing, the Servicer
is not required to exercise  such rights with respect to a Mortgage  Loan if the
Person to whom the related  Mortgaged  Property has been conveyed or is proposed
to be conveyed satisfies the terms and conditions contained in the Mortgage Note
and  Mortgage  related  thereto  and the  consent  of the  mortgagee  under such
Mortgage Note or Mortgage is not otherwise so required  under such Mortgage Note
or Mortgage as a condition to such  transfer.  In the event that the Servicer is
prohibited by law from  enforcing any such  due-on-sale  clause,  or if coverage
under  any  Required  Insurance  Policy  would  be  adversely  affected,  or  if
nonenforcement  is otherwise  permitted  hereunder,  the Servicer is authorized,
subject to Section 3.13(b), to take or enter into an assumption and modification
agreement  from or with the person to whom such property has been or is about to
be  conveyed,  pursuant to which such person  becomes  liable under the Mortgage
Note and,  unless  prohibited  by applicable  state law, the  Mortgagor  remains
liable thereon, provided that the Mortgage Loan shall continue to be covered (if
so covered before the Servicer enters such agreement) by the applicable Required
Insurance Policies. The Servicer, subject to Section 3.13(b), is also authorized
with the prior approval of the insurers under any Required Insurance Policies to
enter into a substitution of liability  agreement with such Person,  pursuant to
which the  original  Mortgagor  is released  from  liability  and such Person is
substituted   as  Mortgagor  and  becomes   liable  under  the  Mortgage   Note.
Notwithstanding the foregoing, the Servicer shall not be deemed to be in default
under this  Section by reason of any transfer or  assumption  which the Servicer
reasonably  believes it is  restricted  by law from  preventing,  for any reason
whatsoever.

(b)  Subject to the  Servicer's  duty to enforce any  due-on-sale  clause to the
extent set forth in Section 3.13(a),  in any case in which a Mortgaged  Property
is to be conveyed to a Person by a  Mortgagor,  and such Person is to enter into
an  assumption or  modification  agreement or supplement to the Mortgage Note or
Mortgage  which  requires the  signature of the Trustee,  or if an instrument of
release signed by the Trustee is required releasing the Mortgagor from liability
on the Mortgage Loan, the Servicer is authorized, subject to the requirements of
the sentence next following,  to execute and deliver,  on behalf of the Trustee,
the assumption agreement with the Person to whom the Mortgaged Property is to be
conveyed and such  modification  agreement or supplement to the Mortgage Note or

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Mortgage or other  instruments  as are  reasonable or necessary to carry out the
terms  of the  Mortgage  Note or  Mortgage  or  otherwise  to  comply  with  any
applicable laws regarding  assumptions or the transfer of the Mortgaged Property
to such Person; provided,  however, that in connection with any such assumption,
no  material  term  of  the  Mortgage  Note  may be  changed.  Upon  receipt  of
appropriate instructions from the Servicer in accordance with the foregoing, the
Trustee  shall  execute  any  necessary   instruments  for  such  assumption  or
substitution  of  liability  as  directed in writing by the  Servicer.  Upon the
closing of the transactions  contemplated by such documents,  the Servicer shall
cause the originals or true and correct copies of the assumption agreement,  the
release (if any),  or the  modification  or  supplement  to the Mortgage Note or
Mortgage to be delivered to the Trustee or the Custodian and deposited  with the
Mortgage File for such Mortgage  Loan. Any fee collected by the Servicer or such
related Subservicer for entering into an assumption or substitution of liability
agreement  will be retained by the Servicer or such  Subservicer  as  additional
servicing compensation.

(c) The  Servicer  or the  related  Subservicer,  as the case  may be,  shall be
entitled  to approve a request  from a  Mortgagor  for a partial  release of the
related  Mortgaged  Property,  the  granting of an easement  thereon in favor of
another Person,  any alteration or demolition of the related Mortgaged  Property
(or,  with respect to a Cooperative  Loan,  the related  Cooperative  Apartment)
without  any  right  of  reimbursement  or  other  similar  matters  if  it  has
determined, exercising its good faith business judgment in the same manner as it
would if it were the owner of the related  Mortgage Loan, that the security for,
and the timely  and full  collectability  of,  such  Mortgage  Loan would not be
adversely  affected  thereby and that any portion of the applicable  REMIC would
not fail to continue  to qualify as a REMIC  under the Code as a result  thereof
and (subject to Section  10.01(f)) that no tax on "prohibited  transactions"  or
"contributions" after the startup day would be imposed on such REMIC as a result
thereof.  Any fee  collected  by the  Servicer  or the related  Subservicer  for
processing  such a request will be retained by the Servicer or such  Subservicer
as additional servicing compensation.

(d) Subject to any other applicable terms and conditions of this Agreement,  the
Trustee  and  Servicer  shall be entitled  to approve an  assignment  in lieu of
satisfaction  with  respect to any  Mortgage  Loan,  provided  the obligee  with
respect to such Mortgage Loan  following such proposed  assignment  provides the
Trustee and Servicer  with a "Lender  Certification  for  Assignment of Mortgage
Loan"  in the  form  attached  hereto  as  Exhibit  K,  in  form  and  substance
satisfactory to the Trustee and Servicer,  providing the following: (i) that the
substance of the  assignment  is, and is intended to be, a  refinancing  of such
Mortgage;  (ii) that the Mortgage Loan  following the proposed  assignment  will
have a rate of  interest  at least  0.25  percent  below  or  above  the rate of
interest on such Mortgage Loan prior to such proposed assignment; and (iii) that
such  assignment  is at the request of the borrower  under the related  Mortgage
Loan. Upon approval of an assignment in lieu of satisfaction with respect to any
Mortgage  Loan, the Servicer shall receive cash in an amount equal to the unpaid
principal balance of and accrued interest on such Mortgage Loan and the Servicer
shall treat such amount as a Principal  Prepayment  in Full with respect to such
Mortgage Loan for all purposes hereof.

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Section 3.14...Realization Upon Defaulted Mortgage Loans.

(a) The Servicer shall foreclose upon or otherwise comparably convert (which may
include an REO  Acquisition)  the ownership of  properties  securing such of the
Mortgage  Loans  as come  into  and  continue  in  default  and as to  which  no
satisfactory  arrangements  can be made for  collection of  delinquent  payments
pursuant  to  Section  3.07.  In  connection  with  such  foreclosure  or  other
conversion,  the  Servicer  shall,  consistent  with Section  3.11,  follow such
practices and  procedures as it shall deem  necessary or advisable,  as shall be
normal and usual in its general mortgage servicing activities, as shall meet the
requirements of the Insurer under any Required Insurance Policy, and as shall be
consistent  with the  provisions  of this  Agreement.  With  respect  to any REO
Property,  the  deed or  certificate  of sale  shall be taken in the name of the
Trustee for the benefit of the Certificateholders,  or its nominee, on behalf of
the Certificateholders.  The Trustee's name shall be placed on the title to such
REO Property solely as the Trustee hereunder and not in its individual capacity.
The Servicer  shall ensure that the title to such REO Property  references  this
Agreement and the Trustee's capacity thereunder.  The Servicer,  however,  shall
not be required to expend its own funds or incur other  reimbursable  charges in
connection  with  any  foreclosure,   or  attempted  foreclosure  which  is  not
completed,  or towards the restoration of any property unless it shall determine
(i) that such  restoration  and/or  foreclosure  will  increase  the proceeds of
liquidation  of the  Mortgage  Loan to  Holders of  Certificates  of one or more
Classes after reimbursement to itself for such expenses or charges and (ii) that
such expenses or charges will be recoverable to it through Liquidation Proceeds,
Insurance Proceeds, or REO Proceeds (respecting which it shall have priority for
purposes of  withdrawals  from the Custodial  Account  pursuant to Section 3.10,
whether or not such expenses and charges are actually  recoverable  from related
Liquidation Proceeds,  Insurance Proceeds or REO Proceeds). In the event of such
a determination by the Servicer  pursuant to this Section 3.14(a),  the Servicer
shall be entitled to  reimbursement of such amounts pursuant to Section 3.10. If
the  Servicer  has  knowledge  that a Mortgaged  Property  which the Servicer is
contemplating  acquiring in  foreclosure  or by deed in lieu of  foreclosure  is
located within a one (1) mile radius of any site listed in the Expenditure  Plan
for the  Hazardous  Substance  Clean  Up Bond  Act of 1984 or  other  site  with
environmental or hazardous waste risks known to the Servicer, the Servicer will,
prior to acquiring  the  Mortgaged  Property,  consider such risks and only take
action in accordance with its established environmental review procedures.

        The Servicer  shall,  either itself or through an agent  selected by the
Servicer,  and in accordance with the Fannie Mae guidelines,  manage,  conserve,
protect  and  operate  each REO  Property  in the same  manner  that it manages,
conserves,  protects and operates other foreclosed property for its own account,
and in the same manner  that  similar  property in the same  locality as the REO
Property is managed.  Each  disposition  of REO Property shall be carried out by
the  Servicer at such price and upon such terms and  conditions  as the Servicer
deems to be in the best interest of the Certificateholders.

        Upon the occurrence of a Cash Liquidation or REO Disposition,  following
the deposit in the  Custodial  Account of all  Insurance  Proceeds,  Liquidation
Proceeds and other  payments and  recoveries  referred to in the  definition  of
"Cash  Liquidation"  or "REO  Disposition,"  as applicable,  upon receipt by the
Trustee of written  notification of such deposit signed by a Servicing  Officer,
the Trustee or any Custodian,  as the case may be, shall release to the Servicer
the related  Mortgage  File and the  Trustee  shall  execute  and  deliver  such
instruments  of transfer or assignment  prepared by the  Servicer,  in each case
without recourse, as shall be necessary to vest in the Servicer or its designee,
as the case may be, the related Mortgage Loan, and thereafter such Mortgage Loan
shall not be part of the Trust Fund.  Notwithstanding the foregoing or any other

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provision of this  Agreement,  in the Servicer's sole discretion with respect to
any  defaulted  Mortgage  Loan or REO  Property  as to either  of the  following
provisions,  (i) a Cash  Liquidation  or REO  Disposition  may be deemed to have
occurred if substantially all amounts expected by the Servicer to be received in
connection  with the related  defaulted  Mortgage Loan or REO Property have been
received,  and (ii) for purposes of  determining  the amount of any  Liquidation
Proceeds,  Insurance Proceeds, REO Proceeds or any other unscheduled collections
or the amount of any Realized Loss,  the Servicer may take into account  minimal
amounts  of  additional  receipts  expected  to be  received  or  any  estimated
additional  liquidation  expenses expected to be incurred in connection with the
related defaulted Mortgage Loan or REO Property.

(b) If title to any  Mortgaged  Property is acquired by the Trust Fund as an REO
Property  by  foreclosure  or by  deed  in  lieu  of  foreclosure,  the  deed or
certificate  of sale shall be issued to the  Trustee or to its nominee on behalf
of  Certificateholders.  Notwithstanding  any  such  acquisition  of  title  and
cancellation  of the related  Mortgage Loan,  such REO Property shall (except as
otherwise expressly provided herein) be considered to be an Outstanding Mortgage
Loan held in the Trust Fund until such time as the REO  Property  shall be sold.
Consistent with the foregoing for purposes of all calculations hereunder so long
as such REO Property shall be considered to be an  Outstanding  Mortgage Loan it
shall be assumed that,  notwithstanding  that the indebtedness  evidenced by the
related  Mortgage  Note shall have been  discharged,  such Mortgage Note and the
related  amortization  schedule in effect at the time of any such acquisition of
title  (after  giving  effect  to  any  previous  Curtailments  and  before  any
adjustment  thereto by reason of any  bankruptcy  or similar  proceeding  or any
moratorium or similar  waiver or grace period)  remain in effect.  To the extent
the net income  received  during any  calendar  month is in excess of the amount
attributable  to  amortizing  principal  and  accrued  interest  at the  related
Mortgage Rate on the related Mortgage Loan for such calendar month,  such excess
shall be considered to be a Curtailment of the related Mortgage Loan.

(c) If the Trust Fund  acquires  any REO  Property as  aforesaid or otherwise in
connection  with a default or imminent  default on a Mortgage Loan, the Servicer
on behalf of the Trust Fund shall dispose of such REO Property within three full
years after the taxable year of its  acquisition  by the Trust Fund for purposes
of Section  860G(a)(8)  of the Code (or such shorter  period as may be necessary
under  applicable  state (including any state in which such property is located)
law to  maintain  the status of any portion of the  applicable  REMIC as a REMIC
under  applicable state law and avoid taxes resulting from such property failing
to be foreclosure property under applicable state law) or, at the expense of the
Trust Fund, request, more than 60 days before the day on which such grace period
would  otherwise  expire,  an extension of such grace period unless the Servicer
(subject  to Section  10.01(f))  obtains  for the Trustee an Opinion of Counsel,
addressed to the Trustee and the Servicer, to the effect that the holding by the
Trust Fund of such REO Property subsequent to such period will not result in the
imposition of taxes on "prohibited  transactions"  as defined in Section 860F of
the Code or  cause  the  applicable  REMIC to fail to  qualify  as a REMIC  (for
federal (or any applicable State or local) income tax purposes) at any time that

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any Certificates  are outstanding,  in which case the Trust Fund may continue to
hold such REO Property  (subject to any conditions  contained in such Opinion of
Counsel).  The Servicer  shall be entitled to be  reimbursed  from the Custodial
Account for any costs incurred in obtaining such Opinion of Counsel, as provided
in Section 3.10.  Notwithstanding any other provision of this Agreement,  no REO
Property  acquired  by the Trust Fund shall be rented (or allowed to continue to
be rented) or otherwise  used by or on behalf of the Trust Fund in such a manner
or  pursuant  to any terms  that would (i) cause  such REO  Property  to fail to
qualify as "foreclosure  property"  within the meaning of Section  860G(a)(8) of
the Code or (ii) subject the Trust Fund to the  imposition of any federal income
taxes on the income earned from such REO  Property,  including any taxes imposed
by reason of Section  860G(c) of the Code,  unless  the  Servicer  has agreed to
indemnify and hold harmless the Trust Fund with respect to the imposition of any
such taxes.

(d) The  proceeds  of any Cash  Liquidation,  REO  Disposition  or  purchase  or
repurchase of any Mortgage Loan pursuant to the terms of this Agreement, as well
as any recovery resulting from a collection of Liquidation  Proceeds,  Insurance
Proceeds or REO Proceeds,  will be applied in the  following  order of priority:
first,  to reimburse the Servicer or the related  Subservicer in accordance with
Section 3.10(a)(ii); second, to all Servicing Fees and Subservicing Fees payable
therefrom  (and the  Servicer and the  Subservicer  shall have no claims for any
deficiencies  with  respect  to  such  fees  which  result  from  the  foregoing
allocation);  third,  to the  Certificateholders  to the extent of  accrued  and
unpaid interest on the Mortgage Loan, and any related REO Imputed  Interest,  at
the Net  Mortgage  Rate  (or the  Modified  Net  Mortgage  Rate in the case of a
Modified  Mortgage Loan) to the Due Date prior to the Distribution Date on which
such  amounts are to be  distributed;  fourth,  to the  Certificateholders  as a
recovery of principal on the Mortgage Loan (or REO  Property)(provided  that, if
such  recovery is of an amount  previously  allocated  to one or more Classes of
Certificates  as a Realized Loss,  such recovery  shall be allocated  among such
Classes in the same  proportions as the allocation of such Realized  Losses and,
if any such Class of  Certificates  to which such Realized Loss was allocated is
no longer  outstanding,  such  subsequent  recovery  shall be distributed to the
persons who were the Holders of such Class of Certificates when it was retired);
and fifth, to Foreclosure Profits.

(e) In the event of a default on a Mortgage  Loan one or more of whose  obligors
is not a United States Person, in connection with any foreclosure or acquisition
of a deed in lieu of foreclosure  (together,  "foreclosure")  in respect of such
Mortgage  Loan,  the  Servicer  will cause  compliance  with the  provisions  of
Treasury Regulation Section  1.1445-2(d)(3) (or any successor thereto) necessary
to assure that no withholding tax obligation arises with respect to the proceeds
of such  foreclosure  except  to the  extent,  if  any,  that  proceeds  of such
foreclosure are required to be remitted to the obligors on such Mortgage Loan.

Section 3.15...Trustee to Cooperate; Release of Mortgage Files.

(a) Upon becoming aware of the payment in full of any Mortgage Loan, or upon the
receipt by the Servicer of a notification  that payment in full will be escrowed
in a manner customary for such purposes,  the Servicer will  immediately  notify
the Custodian, if any, or the Trustee (if it holds the related Mortgage File) by
delivery  of a Request for Release  substantially  in one of the forms  attached
hereto as Exhibit F requesting delivery to it of the Mortgage File. The Servicer
is  authorized  to  execute  and  deliver  to  the  Mortgagor  the  request  for
reconveyance,  deed of  reconveyance  or release or  satisfaction of mortgage or
such instrument  releasing the lien of the Mortgage,  together with the Mortgage
Note with, as appropriate, written evidence of cancellation thereon and to cause
the removal from the  registration on the MERS(R) System of such Mortgage and to

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execute and deliver, on behalf of the Trustee and the  Certificateholders or any
of them, any and all  instruments of  satisfaction or cancellation or of partial
or full  release.  No expenses  incurred in  connection  with any  instrument of
satisfaction  or deed of  reconveyance  shall  be  chargeable  to the  Custodial
Account or the Payment Account.

(b) From time to time as is appropriate  for the servicing or foreclosure of any
Mortgage  Loan,  the  Servicer  shall  deliver  a  Request  for  Release  to the
Custodian,  if any,  or the  Trustee  (if it holds the  related  Mortgage  File)
requesting  that  possession of all, or any document  constituting  part of, the
Mortgage  File be released to the Servicer and  certifying  as to the reason for
such release and that such release will not  invalidate  any insurance  coverage
provided in respect of the Mortgage  Loan under any Required  Insurance  Policy.
Upon  receipt of the  foregoing,  the Trustee (if it holds the related  Mortgage
File) or the Custodian  shall deliver the Mortgage File or any document  therein
to the  Servicer.  The Servicer  shall cause each  Mortgage File or any document
therein so released to be returned to the Trustee, or the Custodian as agent for
the Trustee when the need therefor by the Servicer no longer exists,  unless (i)
the Mortgage Loan has been liquidated and the Liquidation  Proceeds  relating to
the  Mortgage  Loan have been  deposited  in the  Custodial  Account or (ii) the
Mortgage  File or such  document  has  been  delivered  directly  or  through  a
Subservicer to an attorney,  or to a public trustee or other public  official as
required by law, for purposes of  initiating  or pursuing  legal action or other
proceedings for the foreclosure of the Mortgaged  Property either  judicially or
non-judicially, and the Servicer has delivered directly or through a Subservicer
to the Trustee and the Custodian a certificate of a Servicing Officer certifying
as to the name and  address of the Person to which  such  Mortgage  File or such
document  was  delivered  and the purpose or purposes of such  delivery.  In the
event of the  liquidation of any such Mortgage  Loan, the Custodian,  if any, or
the Trustee  shall  deliver the Request for Release with respect  thereto to the
Servicer  upon  deposit of the related  Liquidation  Proceeds  in the  Custodial
Account.

(c) The  Servicer  on the  Trustee's  behalf  shall  execute  and deliver to the
Servicer,  if necessary,  any court  pleadings,  requests for trustee's  sale or
other  documents  necessary to the foreclosure or trustee's sale in respect of a
Mortgaged Property or to any legal action brought to obtain judgment against any
Mortgagor on the Mortgage  Note or Mortgage or to obtain a deficiency  judgment,
or to enforce any other  remedies or rights  provided  by the  Mortgage  Note or
Mortgage  or  otherwise  available  at  law or in  equity.  Together  with  such
documents or pleadings (if signed by the Trustee), the Servicer shall deliver to
the Trustee a certificate of a Servicing Officer  requesting that such pleadings
or  documents  be executed by the Trustee and  certifying  as to the reason such
documents or pleadings are required and that the execution and delivery  thereof
by the Trustee will not  invalidate  any insurance  coverage  under any Required
Insurance  Policy or  invalidate  or otherwise  affect the lien of the Mortgage,
except for the  termination of such a lien upon completion of the foreclosure or
trustee's sale.

(d) Notwithstanding  any other provisions of this Agreement,  the Servicer shall
transmit to the Custodian,  if any, or the Trustee as required by this Agreement
all  documents  and  instruments  in respect of a Mortgage  Loan coming into the
possession  of the  Servicer  from time to time and shall  account  fully to the
Trustee for any funds received by the Servicer or which  otherwise are collected
by the Servicer as Liquidation  Proceeds or Insurance Proceeds in respect of any
related  Mortgage Loan.  All Mortgage  Files and funds  collected or held by, or
under the control of, the  Servicer in respect of any  Mortgage  Loans,  whether
from the  collection  of  principal  and interest  payments or from  Liquidation
Proceeds,  including  but not limited to, any funds on deposit in the  Custodial
Account(s),  shall be held by the  Servicer for and on behalf of the Trustee and
shall be and remain the sole and exclusive  property of the Trustee,  subject to
the applicable  provisions of this  Agreement.  The Servicer also agrees that it
shall not  create,  incur or  subject  any  Mortgage  File or any funds that are

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deposited in the Custodial  Account,  Payment  Account or any related  Servicing
Account,  or any funds  that  otherwise  are or may become due or payable to the
Trustee for the benefit of the Certificateholders,  to any claim, lien, security
interest,  judgment, levy, writ of attachment or other encumbrance, or assert by
legal action or otherwise any claim or right of setoff against any Mortgage File
or any funds  collected  on, or in  connection  with, a Mortgage  Loan,  except,
however,  that the Servicer shall be entitled to set off against and deduct from
any such funds any amounts  that are  properly  due and payable to the  Servicer
under this Agreement.

Section 3.16...Servicing and Other Compensation; Compensating Interest.

(a) The  Servicer,  as  compensation  for its  activities  hereunder,  shall  be
entitled  to receive  on each  Distribution  Date the  amounts  provided  for by
clauses  (iii),  (iv),  (v) and (vi) of Section  3.10(a),  subject to clause (e)
below. The amount of servicing  compensation  provided for in such clauses shall
be accounted for on a Mortgage  Loan-by-Mortgage  Loan basis.  In the event that
Liquidation  Proceeds,  Insurance  Proceeds  and REO  Proceeds  (net of  amounts
reimbursable  therefrom  pursuant to Section  3.10(a)(ii))  in respect of a Cash
Liquidation  or REO  Disposition  exceed  the unpaid  principal  balance of such
Mortgage  Loan plus  unpaid  interest  accrued  thereon  (including  REO Imputed
Interest)  at a per annum rate equal to the  related Net  Mortgage  Rate (or the
Modified  Net  Mortgage  Rate in the  case of a  Modified  Mortgage  Loan),  the
Servicer  shall be entitled to retain  therefrom and to pay to itself and/or the
related   Subservicer,   any  Foreclosure  Profits  and  any  Servicing  Fee  or
Subservicing Fee considered to be accrued but unpaid.

(b)  Additional  servicing  compensation  in the  form  of  prepayment  charges,
assumption  fees,  late  payment  charges,  investment  income on amounts in the
Custodial  Account  or  otherwise  shall  be  retained  by the  Servicer  or the
Subservicer to the extent provided herein, subject to clause (e) below.

(c) The  Servicer  shall be required to pay, or cause to be paid,  all  expenses
incurred by it in connection with its servicing  activities hereunder (including
payment of premiums for the Primary  Insurance  Policies,  if any, to the extent
such  premiums  are not required to be paid by the related  Mortgagors,  certain
expenses of the Trustee as provided in Section  8.05,  and the fees and expenses
of any Custodian) and shall not be entitled to reimbursement  therefor except as
specifically provided in Sections 3.10 and 3.14.

(d)  The  Servicer's  right  to  receive  servicing   compensation  may  not  be
transferred in whole or in part except in connection with the transfer of all of
its responsibilities and obligations of the Servicer under this Agreement.

(e)  Notwithstanding any other provision herein, the amount of the Servicing Fee
that the Servicer shall be entitled to receive for its activities  hereunder for
the period  ending on each  Distribution  Date  shall be reduced  (but not below
zero) by an amount equal to Compensating Interest (if any) for such Distribution
Date.  In  making  such  reduction,  the  Servicer  will not  withdraw  from the

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Custodial Account any such amount representing all or a portion of the Servicing
Fee to which it is entitled pursuant to Section 3.10(a)(iii).

Section  3.17...Periodic  Filings with the Securities  and Exchange  Commission;
     Additional Information.

        Within 15 days after each  Distribution  Date,  the  Trustee  shall,  in
accordance  with  industry  standards,  file with the  Securities  and  Exchange
Commission  (the  "Commission")  via the Electronic Data Gathering and Retrieval
System   (EDGAR),   a  Form   8-K   with  a  copy  of  the   statement   to  the
Certificateholders  for such Distribution  Date as an exhibit thereto.  Prior to
January 30, 2001, the Trustee shall, in accordance with industry standards, file
a Form 15 Suspension Notification with respect to the Trust Fund, if applicable.
Prior to March 30,  2001,  the  Trustee  shall  file a Form 10-K,  in  substance
conforming to industry  standards,  with respect to the Trust Fund.  The Company
hereby  grants to the  Trustee a limited  power of  attorney to execute and file
each such  document  on behalf of the  Company.  Such  power of  attorney  shall
continue until either the earlier of (i) receipt by the Trustee from the Company
of written termination of such power of attorney and (ii) the termination of the
Trust Fund. The Company agrees to promptly furnish to the Trustee,  from time to
time upon request,  such further information,  reports, and financial statements
within its  control  related to this  Agreement  and the  Mortgage  Loans as the
Trustee  reasonably deems  appropriate to prepare and file all necessary reports
with the Commission.  The Trustee shall have no responsibility to file any items
other than those specified in this section.

Section 3.18...Annual Statement as to Compliance.

        The Servicer  shall deliver to the Seller,  the Trustee,  Ambac and each
Rating Agency on or before 90 days after the end of the Servicer's  fiscal year,
commencing  with  its  fiscal  year  ending  December  31,  2001,  an  Officer's
Certificate  stating,  as to  the  signer  thereof,  that  (i) a  review  of the
activities  of the  Servicer  during  the  preceding  calendar  year  and of the
performance  of the  Servicer  under  this  Agreement  has been made  under such
officer's supervision and (ii) to the best of such officer's knowledge, based on
such review, the Servicer has fulfilled all its obligations under this Agreement
throughout  such year, or, if there has been a default in the fulfillment of any
such  obligation,  specifying  each such  default  known to such officer and the
nature and status thereof except for such defaults as such officer in his or her
good faith judgment believes to be immaterial.

Section 3.19...Annual Independent Public Accountants' Servicing Report.

        On or  before  90 days  after  the end of the  Servicer's  fiscal  year,
commencing  with its 2001 fiscal year, the Servicer at its expense shall cause a
firm of independent  public  accountants  (who may also render other services to
the  Servicer,  the Seller or any  affiliate  thereof)  which is a member of the
American Institute of Certified Public Accountants to furnish a statement to the
Trustee,  Ambac and the Seller to the effect that such firm has examined certain
documents and records relating to the Servicer's  servicing of mortgage loans of
the  same  type  as  the  Mortgage  Loans   pursuant  to  servicing   agreements
substantially  similar to this  Agreement,  which  agreements  may include  this
Agreement,   and  that,  on  the  basis  of  such  an   examination,   conducted
substantially  in compliance  with the Uniform  Single  Attestation  Program for

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Mortgage Bankers,  such firm is of the opinion that the Servicer's servicing has
been  conducted in  compliance  with the  agreements  examined  pursuant to this
Section,  except  for (i) such  exceptions  as such  firm  shall  believe  to be
immaterial,  and (ii)  such  other  exceptions  as  shall  be set  forth in such
statement.  Copies of such  statement  shall be  provided  by the Trustee to any
Certificateholder  upon  request  at  the  Servicer's  expense,   provided  such
statement is delivered by the Servicer to the Trustee.

Section 3.20...Rights of the Company in Respect of the Servicer.

        The Servicer shall afford the Seller and the Trustee  reasonable  access
to all records and documentation  regarding the Mortgage Loans and all accounts,
insurance information and other matters relating to this Agreement,  such access
being  afforded  without  charge,  but only upon  reasonable  request and during
normal business hours at the office designated by the Servicer.

Section 3.21...Administration of Buydown Funds.

(a) With respect to any Buydown  Mortgage  Loan, the Servicer will withdraw from
the account that  satisfies the  requirements  for a  Subservicing  Account (the
"Buydown  Account") the predetermined  amount that, when added to the amount due
on such date from the  Mortgagor,  equals the full  Monthly  Payment and deposit
that amount in the Custodial  Account  together with the related payment made by
the Mortgagor or advanced by the Subservicer.

(b) If the  Mortgagor  on a  Buydown  Mortgage  Loan  prepays  such  loan in its
entirety  during  the period  (the  "Buydown  Period")  when  Buydown  Funds are
required  to be  applied to such  Buydown  Mortgage  Loan,  the  Servicer  shall
withdraw from the Buydown  Account and remit any Buydown Funds  remaining in the
Buydown Account in accordance with the related buydown agreement.  The amount of
Buydown  Funds  which may be  remitted in  accordance  with the related  buydown
agreement  may reduce the amount  required to be paid by the  Mortgagor to fully
prepay the related  Mortgage  Loan. If the Mortgagor on a Buydown  Mortgage Loan
defaults  on such  Mortgage  Loan  during the  Buydown  Period and the  property
securing such Buydown  Mortgage Loan is sold in the liquidation  thereof (either
by the Servicer or the insurer under any related Primary Insurance Policy),  the
Servicer  shall  withdraw  from the Buydown  Account the Buydown  Funds for such
Buydown  Mortgage Loan still held in the Buydown Account and deposit the same in
the Custodial Account or, pay to the insurer under any related Primary Insurance
Policy if the Mortgaged Property is transferred to such insurer and such insurer
pays all of the loss incurred in respect of such default. Any amount so remitted
pursuant to the  preceding  sentence will be deemed to reduce the amount owed on
the Mortgage Loan.

                                ARTICLE IV.....

                         PAYMENTS TO CERTIFICATEHOLDERS

Section 4.01...Payment Account.

(a) The Trustee  shall  establish  and  maintain a Payment  Account in which the
Servicer  shall cause to be deposited on behalf of the Trustee on or before 2:00
P.M. New York time on each  Payment  Account  Deposit  Date by wire  transfer of
immediately  available  funds an amount  equal to the sum of (i) any Advance for
the  immediately  succeeding  Distribution  Date, (ii) any amount required to be

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deposited in the Payment Account pursuant to Section  3.12(a),  (iii) any amount
required to be deposited in the Payment  Account  pursuant to Section 4.07, (iv)
any  amount  required  to be paid  pursuant  to  Section  9.01 and (v) all other
amounts  constituting  the  Available  Distribution  Amount for the  immediately
succeeding Distribution Date.

(b) The  Trustee  may invest or cause the  institution  maintaining  the Payment
Account to invest the funds in the  Payment  Account  in  Permitted  Investments
designated in the name of the Trustee for the benefit of the Certificateholders,
which shall  mature or be payable on demand not later than the Business Day next
preceding  the  Distribution  Date next  following  the date of such  investment
(except  that (i) any  investment  in the  institution  with  which the  Payment
Account is  maintained  may mature or be payable on demand on such  Distribution
Date and (ii) any other  investment  may  mature or be payable on demand on such
Distribution  Date if the Trustee shall advance funds on such  Distribution Date
to the  Payment  Account  in the  amount  payable  on  such  investment  on such
Distribution  Date,  pending  receipt  thereof to the extent  necessary  to make
distributions on the Certificates) and shall not be sold or disposed of prior to
maturity. All income and gain realized from any such investment shall be for the
benefit of the Trustee and shall be subject to its withdrawal or order from time
to time.  The amount of any losses  incurred in respect of any such  investments
shall be  deposited  in the Payment  Account by the Trustee out of its own funds
immediately as realized without any right of reimbursement.

Section 4.02...Distributions.

(a) On each  Distribution Date (x) the Trustee or (y) the Paying Agent appointed
by the Trustee, shall distribute first to Ambac the Insurance Premium, second to
the Trustee,  payment for any servicing  transfer  expenses  reimbursable to the
Trustee pursuant to Section  7.02(a),  and that have not been paid or reimbursed
to the  Trustee  by the  Servicer,  third  to the  Servicer,  in the  case  of a
distribution  pursuant to Section  4.02(a)(iii) below, the amount required to be
distributed  to the Servicer or a Subservicer  pursuant to Section  4.02(a)(iii)
below,  and  fourth to each  Certificateholder  of record on the next  preceding
Record  Date  (other  than as  provided  in Section  9.01  respecting  the final
distribution)  either  in  immediately  available  funds  (by wire  transfer  or
otherwise)  to the account of such  Certificateholder  at a bank or other entity
having  appropriate  facilities  therefor,  if  such  Certificateholder  has  so
notified  the  Trustee  or the  Paying  Agent,  as the case may be,  or, if such
Certificateholder  has not so notified  the  Trustee or the Paying  Agent by the
Record Date,  by check mailed to such  Certificateholder  at the address of such
Holder  appearing in the  Certificate  Register such  Certificateholder's  share
(which share with respect to each Class of  Certificates,  shall be based on the
aggregate  of  the  Percentage  Interests  represented  by  Certificates  of the
applicable Class held by such Holder of the following amounts,  in the following
order of priority  (subject to the provisions of Section 4.02(b) below), in each
case to the extent of the Available Distribution Amount:

(i)  to the Senior  Certificates (other than the Class PO Certificates) on a pro
     rata  basis  based  on  Accrued   Certificate   Interest  payable  on  such
     Certificates with respect to such Distribution  Date,  Accrued  Certificate
     Interest on such Classes of Certificates for such  Distribution  Date, plus
     any Accrued Certificate Interest thereon remaining unpaid from any previous
     Distribution  Date except as provided in the last paragraph of this Section
     4.02(a) plus, to any Insured  Certificate,  any Insured Reserve  Withdrawal
     pursuant  to Section  4.08,  and any  amounts  paid under the Ambac  Policy
     pursuant  to Section  11.02,  in each case in respect of  interest  on such
     Class; and

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(ii)           (X)  to  the  Class  PO  Certificates,  the  Class  PO  Principal
               Distribution  Amount (as defined in Section  4.02(b)(i)  herein);
               and

               (Y)  to  the  Senior   Certificates  (other  than  the  Class  PO
               Certificates), in the priorities and amounts set forth in Section
               4.02(b) through (d), the sum of the following  (applied to reduce
               the Certificate  Principal Balances of such Senior  Certificates,
               as applicable):

(A) the  Senior  Percentage  for such  Distribution  Date  times  the sum of the
following:

(1)  the  principal  portion of each Monthly  Payment due during the related Due
     Period on each  Outstanding  Mortgage Loan (other than the related Discount
     Fraction  of the  principal  portion  of such  payment  with  respect  to a
     Discount Mortgage Loan), whether or not received on or prior to the related
     Determination  Date,  minus  the  principal  portion  of any  Debt  Service
     Reduction  (other  than the  related  Discount  Fraction  of the  principal
     portion of such Debt  Service  Reductions  with  respect  to each  Discount
     Mortgage  Loan) which  together with other  Bankruptcy  Losses  exceeds the
     Bankruptcy Amount;

(2)  the Stated Principal  Balance of any Mortgage Loan  repurchased  during the
     preceding  calendar  month  (or  deemed  to  have  been so  repurchased  in
     accordance with Section  3.07(b))  pursuant to Sections 2.02, 2.04 or 4.07,
     and the  amount of any  shortfall  deposited  in the  Custodial  Account in
     connection  with the  substitution  of a Deleted  Mortgage Loan pursuant to
     Section 2.02 or Section 2.04,  during the preceding  calendar  month (other
     than the related  Discount  Fraction of such  Stated  Principal  Balance or
     shortfall with respect to each Discount Mortgage Loan); and

(3)  the  principal  portion of all other  unscheduled  collections  (other than
     Principal  Prepayments  in Full and  Curtailments  and amounts  received in
     connection  with a Cash  Liquidation or REO  Disposition of a Mortgage Loan
     described  in  Section  4.02(a)(ii)(Y)(B),   including  without  limitation
     Insurance Proceeds,  Liquidation Proceeds and REO Proceeds) received during
     the  preceding  calendar  month or, in the case of Principal  Prepayment in
     Full,  during  the  related  Prepayment  Period  (or deemed to have been so
     received in accordance  with Section  3.07(b)) to the extent applied by the
     Servicer as recoveries  of principal of the related  Mortgage Loan pursuant
     to Section 3.14 (other than the related Discount  Fraction of the principal
     portion of such  unscheduled  collections,  with  respect to each  Discount
     Mortgage Loan);

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(B)  with respect to each  Mortgage Loan for which a Cash  Liquidation  or a REO
     Disposition  occurred during the preceding calendar month (or was deemed to
     have occurred  during such period in accordance  with Section  3.07(b)) and
     did not result in any Excess Special  Hazard  Losses,  Excess Fraud Losses,
     Excess  Bankruptcy  Losses or Extraordinary  Losses, an amount equal to the
     lesser of (a) the Senior  Percentage for such  Distribution  Date times the
     Stated  Principal  Balance of such  Mortgage  Loan  (other than the related
     Discount  Fraction of such Stated Principal  Balance,  with respect to each
     Discount  Mortgage  Loan)  and  (b)  the  Senior  Accelerated  Distribution
     Percentage  for  such  Distribution  Date  times  the  related  unscheduled
     collections  (including without limitation Insurance Proceeds,  Liquidation
     Proceeds  and REO  Proceeds)  to the  extent  applied  by the  Servicer  as
     recoveries  of principal of the related  Mortgage  Loan pursuant to Section
     3.14 (in each case other than the portion of such unscheduled  collections,
     with   respect  to  a  Discount   Mortgage   Loan,   included   in  Section
     4.02(b)(i)(C));

(C)  the Senior Accelerated  Distribution  Percentage for such Distribution Date
     times the  aggregate of all Principal  Prepayments  in Full received in the
     related  Prepayment  Period  and  Curtailments  received  in the  preceding
     calendar month (other than the related Discount  Fraction of such Principal
     Prepayments  in Full  and  Curtailments,  with  respect  to  each  Discount
     Mortgage Loan);

(D)     any Excess Subordinate Principal Amount for such Distribution Date; and

(E)  any amounts  described in subsection  (ii)(Y),  clauses (A), (B) and (C) of
     this Section  4.02(a),  as determined for any previous  Distribution  Date,
     which remain unpaid after  application  of amounts  previously  distributed
     pursuant  to this  clause  (E) to the  extent  that  such  amounts  are not
     attributable   to  Realized   Losses  which  have  been  allocated  to  the
     Subordinate Certificates;

(iii)if the Certificate Principal Balances of the Subordinate  Certificates have
     not been reduced to zero,  to the Servicer or a  Subservicer,  by remitting
     for deposit to the Custodial Account, to the extent of and in reimbursement
     for any Advances or Subservicer  Advances  previously  made with respect to
     any Mortgage Loan or REO Property which remain  unreimbursed in whole or in
     part  following the Cash  Liquidation  or REO  Disposition of such Mortgage
     Loan or REO  Property,  minus any such Advances that were made with respect
     to delinquencies that ultimately  constituted Excess Special Hazard Losses,
     Excess Fraud Losses, Excess Bankruptcy Losses or Extraordinary Losses;

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(iv) to the  Holders  of the Class M-1  Certificates,  the  Accrued  Certificate
     Interest thereon for such Distribution  Date, plus any Accrued  Certificate
     Interest  thereon  remaining  unpaid from any previous  Distribution  Date,
     except as provided below;

(v)  to the Holders of the Class M-1  Certificates,  an amount  equal to (x) the
     Subordinate  Principal  Distribution  Amount for such Class of Certificates
     for such Distribution Date, minus (y) the amount of any Class PO Collection
     Shortfalls for such  Distribution Date or remaining unpaid for all previous
     Distribution  Dates, to the extent the amounts available pursuant to clause
     (x) of  Sections  4.02(a)(vii),  (ix),  (xi),  (xiii),  (xiv)  and (xv) are
     insufficient  therefor,  applied in reduction of the Certificate  Principal
     Balance of the Class M-1 Certificates;

(vi) to the  Holders  of the Class M-2  Certificates,  the  Accrued  Certificate
     Interest thereon for such Distribution  Date, plus any Accrued  Certificate
     Interest  thereon  remaining  unpaid from any previous  Distribution  Date,
     except as provided below;

(vii)to the Holders of the Class M-2  Certificates,  an amount  equal to (x) the
     Subordinate  Principal  Distribution  Amount for such Class of Certificates
     for such Distribution Date, minus (y) the amount of any Class PO Collection
     Shortfalls for such  Distribution Date or remaining unpaid for all previous
     Distribution  Dates, to the extent the amounts available pursuant to clause
     (x) of Sections 4.02(a)(ix),  (xi), (xiii), (xiv) and (xv) are insufficient
     therefor,  applied in reduction of the Certificate Principal Balance of the
     Class M-2 Certificates;

(viii) to the Holders of the Class M-3  Certificates,  the  Accrued  Certificate
     Interest thereon for such Distribution  Date, plus any Accrued  Certificate
     Interest  thereon  remaining  unpaid from any previous  Distribution  Date,
     except as provided below;

(ix) to the Holders of the Class M-3  Certificates,  an amount  equal to (x) the
     Subordinate  Principal  Distribution  Amount for such Class of Certificates
     for such  Distribution Date minus (y) the amount of any Class PO Collection
     Shortfalls for such  Distribution Date or remaining unpaid for all previous
     Distribution  Dates, to the extent the amounts available pursuant to clause
     (x) of  Sections  4.02(a)(xi),  (xiii),  (xiv)  and (xv)  are  insufficient
     therefor,  applied in reduction of the Certificate Principal Balance of the
     Class M-3 Certificates;

(x)  to the  Holders  of the Class B-1  Certificates,  the  Accrued  Certificate
     Interest thereon for such Distribution  Date, plus any Accrued  Certificate
     Interest  thereon  remaining  unpaid from any previous  Distribution  Date,
     except as provided below;

(xi) to the Holders of the Class B-1  Certificates,  an amount  equal to (x) the
     Subordinate  Principal  Distribution  Amount for such Class of Certificates
     for such  Distribution Date minus (y) the amount of any Class PO Collection
     Shortfalls for such  Distribution Date or remaining unpaid for all previous
     Distribution  Dates, to the extent the amounts available pursuant to clause
     (x) of Sections  4.02(a)(xiii),  (xiv) and (xv) are insufficient  therefor,
     applied in reduction of the Certificate  Principal Balance of the Class B-1
     Certificates;

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(xii)          to the  Holders  of  the  Class  B-2  Certificates,  the  Accrued
               Certificate Interest thereon for such Distribution Date, plus any
               Accrued  Certificate  Interest thereon  remaining unpaid from any
               previous Distribution Date, except as provided below;

(xiii)         to the Holders of the Class B-2 Certificates,  an amount equal to
               (x) the Subordinate Principal  Distribution Amount for such Class
               of Certificates for such  Distribution  Date minus (y) the amount
               of any Class PO Collection  Shortfalls for such Distribution Date
               or remaining unpaid for all previous  Distribution  Dates, to the
               extent the amounts  available  pursuant to clause (x) of Sections
               4.02(a)(xiv)  and  (xv) are  insufficient  therefor,  applied  in
               reduction of the Certificate  Principal  Balance of the Class B-2
               Certificates;

(xiv)          to the Holders of the Class B-3 Certificates,  an amount equal to
               (x)  the   Accrued   Certificate   Interest   thereon   for  such
               Distribution Date, plus any Accrued Certificate  Interest thereon
               remaining unpaid from any previous  Distribution  Date, except as
               provided  below,  minus (y) the amount of any Class PO Collection
               Shortfalls for such Distribution Date or remaining unpaid for all
               previous  Distribution Dates, to the extent the amounts available
               pursuant to clause (x) of Section  4.02(a) (xv) are  insufficient
               therefor;

(xv)           to the Holders of the Class B-3 Certificates,  an amount equal to
               (x) the Subordinate Principal  Distribution Amount for such Class
               of Certificates for such  Distribution  Date minus (y) the amount
               of any Class PO Collection  Shortfalls for such Distribution Date
               or remaining unpaid for all previous  Distribution  Dates applied
               in reduction of the  Certificate  Principal  Balance of the Class
               B-3 Certificates;

(xvi)          to Ambac,  as  subrogee  of the  Insured  Certificateholders,  to
               reimburse Ambac for claims paid under the Ambac Policy, an amount
               equal  to   Cumulative   Insurance   Payments   on  the   Insured
               Certificates;

(xvii)         to the Senior Certificates,  in the priority set forth in Section
               4.02(b),  the  portion,  if any,  of the  Available  Distribution
               Amount  remaining after the foregoing  distributions,  applied to
               reduce  the  Certificate   Principal   Balances  of  such  Senior
               Certificates,  but in no event  more  than the  aggregate  of the
               outstanding  Certificate Principal Balances of each such Class of
               Senior Certificates, and thereafter, to each Class of Subordinate
               Certificates then outstanding  beginning with such Class with the
               Highest  Priority,  any  portion  of the  Available  Distribution
               Amount remaining after the Senior Certificates have been retired,
               applied to reduce the Certificate  Principal Balance of each such
               Class of Subordinate Certificates,  but in no event more than the
               outstanding  Certificate  Principal Balance of each such Class of
               Subordinate Certificates;

(xviii)        to the Trustee,  any fees and/or expenses payable or reimbursable
               by the Servicer  pursuant to Section  8.05 hereof,  to the extent
               not paid by the Servicer; and

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(xix)to the  Class R-I  Certificates,  the  balance,  if any,  of the  Available
     Distribution Amount.

        Notwithstanding the foregoing, on any Distribution Date, with respect to
the Class of Subordinate Certificates outstanding on such Distribution Date with
the Lowest Priority, or in the event the Subordinate  Certificates are no longer
outstanding,  the Senior  Certificates,  Accrued  Certificate  Interest  thereon
remaining unpaid from any previous  Distribution Date will be distributable only
to the extent that such unpaid Accrued Certificate  Interest was attributable to
interest shortfalls relating to the failure of the Servicer to make any required
Advance, or the determination by the Servicer that any proposed Advance would be
a  Nonrecoverable  Advance with respect to the related  Mortgage Loan where such
Mortgage  Loan  has  not yet  been  the  subject  of a Cash  Liquidation  or REO
Disposition.

(b)  Distributions of principal on the Senior  Certificates on each Distribution
Date  occurring  prior to the  Credit  Support  Depletion  Date  will be made as
follows:

(i)            first,  to the  Class  PO  Certificates,  until  the  Certificate
               Principal  Balance  thereof is reduced  to zero,  an amount  (the
               "Class PO Principal  Distribution Amount") equal to the aggregate
               of:

(A)  the related  Discount  Fraction of the  principal  portion of each  Monthly
     Payment on each  Discount  Mortgage Loan due during the related Due Period,
     whether or not  received  on or prior to the  related  Determination  Date,
     minus the Discount  Fraction of the  principal  portion of any related Debt
     Service  Reduction which together with other Bankruptcy  Losses exceeds the
     Bankruptcy Amount;

(B)  the related Discount  Fraction of the principal  portion of all unscheduled
     collections  on each Discount  Mortgage Loan received  during the preceding
     calendar month or, in the case of Principal Prepayments in Full, during the
     related Prepayment Period (other than amounts received in connection with a
     Cash  Liquidation or REO Disposition of a Discount  Mortgage Loan described
     in clause (C) below), including Principal Prepayments in Full, Curtailments
     and repurchases  (including  deemed  repurchases  under Section 3.07(b)) of
     Discount  Mortgage  Loans (or, in the case of a  substitution  of a Deleted
     Mortgage  Loan,  the  Discount  Fraction  of the  amount  of any  shortfall
     deposited in the Custodial Account in connection with such substitution);

(C)  in connection  with the Cash  Liquidation or REO  Disposition of a Discount
     Mortgage  Loan that did not result in any  Excess  Special  Hazard  Losses,
     Excess Fraud Losses,  Excess Bankruptcy Losses or Extraordinary  Losses, an
     amount equal to the lesser of (1) the applicable  Discount  Fraction of the
     Stated Principal  Balance of such Discount  Mortgage Loan immediately prior
     to such  Distribution  Date and (2) the aggregate amount of the collections
     on such Mortgage Loan to the extent applied as recoveries of principal;

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(D)  any amounts  allocable to  principal  for any  previous  Distribution  Date
     (calculated  pursuant  to  clauses  (A)  through  (C)  above)  that  remain
     undistributed; and

(E)  the amount of any Class PO Collection Shortfalls for such Distribution Date
     and the amount of any Class PO Collection  Shortfalls  remaining unpaid for
     all  previous  Distribution  Dates,  but only to the extent of the Eligible
     Funds for such Distribution Date;

(ii) the  Senior  Principal   Distribution  Amount  will  first  be  distributed
     sequentially in the order of their numerical  designations,  to the Holders
     of the Class R -I Certificates and R-II Certificates, until the Certificate
     Principal Balances thereof;

(iii)the balance of the Senior  Principal  Distribution  Amount  remaining after
     the  distributions,  if any,  described  in  clause  (ii)  above  shall  be
     distributed  to the Lockout  Certificates  in reduction of the  Certificate
     Principal Balances thereof, in an amount equal to the Lockout Percentage of
     the  Lockout  Certificates'  pro  rata  share,  based  on  the  Certificate
     Principal Balance thereof relative to the aggregate  Certificate  Principal
     Balance  of  all  classes  of   certificates,   other  than  the  Class  PO
     Certificates,  of the  aggregate  of the  collections  described  in clause
     (ii)(Y),  (A), (B), (C) and (E) of Section 4.02(a)  without  application of
     the Senior Percentage and Senior Accelerated Distribution Percentage;

               provided  that,  if the  aggregate  of the  amounts  set forth in
               clauses  (ii)(Y)(A),  (B), (C) and (E) of Section 4.02(a) is more
               than the balance of the Available  Distribution  Amount remaining
               after the Senior  Interest  Distribution  Amount and the Class PO
               Principal  Distribution Amount have been distributed,  the amount
               paid to the Lockout  Certificates  pursuant to this clause  (iii)
               shall be reduced by an amount equal to the Lockout  Certificates'
               pro rata  share  (based on the  aggregate  Certificate  Principal
               Balance thereof relative to the aggregate  Certificate  Principal
               Balance  of the  Senior  Certificates  (other  than the  Class PO
               Certificates)) of such difference;

(iv) an amount equal to the balance of the Senior Principal  Distribution Amount
     remaining after the  distributions,  if any,  described in clauses (ii) and
     (iii)  above  shall be paid to the  Class  A-1,  Class  A-2 and  Class  A-3
     Certificates,  pro rata in  accordance  with  their  Certificate  Principal
     Balances,  until  the  Certificate  Principal  Balances  thereof  have been
     reduced to zero;

(v)  concurrently,  (a) an amount equal to 74.66666971136% of the balance of the
     Senior Principal Distribution Amount remaining after the distributions,  if
     any,  described in clauses (ii), (iii) and (iv) above, shall be paid to the
     Class A-5 Certificates until the Certificate  Principal Balance thereof has
     been  reduced  to zero and then to the  Class  A-6  Certificates  until the
     Certificate  Principal Balance thereof has been reduced to zero, and (b) an
     amount  equal to  25.33333028864%  of the  balance of the Senior  Principal
     Distribution Amount remaining after the distributions, if any, described in
     clauses   (ii)   through  (iv)  above  shall  be  paid  to  the  Class  A-7
     Certificates,  until the  Certificate  Principal  Balance  thereof has been
     reduced to zero;

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<PAGE>

(vi)           an  amount   equal  to  the  balance  of  the  Senior   Principal
               Distribution  Amount remaining after the  distributions,  if any,
               described  in clauses (ii) through (v) above shall be paid to the
               Class A-8  Certificates and Class A-9  Certificates,  pro rata in
               accordance with their Certificate  Principal Balances,  until the
               Certificate Principal Balances thereof have been reduced to zero;

(vii)          an  amount   equal  to  the  balance  of  the  Senior   Principal
               Distribution  Amount remaining after the  distributions,  if any,
               described in clauses (ii) through (vi) above shall be paid to the
               Class A-10 Certificates and Class A-11 Certificates,  pro rata in
               accordance with their Certificate  Principal Balances,  until the
               Certificate Principal Balances thereof have been reduced to zero;

(viii)         an  amount   equal  to  the  balance  of  the  Senior   Principal
               Distribution  Amount remaining after the  distributions,  if any,
               described in clauses  (ii)  through  (vii) above shall be paid to
               the  Class  A-12  Certificates  until the  Certificate  Principal
               Balance thereof has been reduced to zero; and

(ix)           an  amount   equal  to  the  balance  of  the  Senior   Principal
               Distribution  Amount remaining after the  distributions,  if any,
               described  in  clauses   (ii)   through   (viii)  above  will  be
               distributed to the Lockout  Certificates,  until the  Certificate
               Principal Balance thereof has been reduced to zero.

Any amounts paid under the Ambac Policy  pursuant to Section 11.02 in respect of
principal  shall be  distributed  to the holders of the Classes of  Certificates
with respect to which such payments were made.

(c) On or after the Credit Support  Depletion  Date, all priorities  relating to
distributions  as  described  in Section  4.02(b)  above in respect of principal
among the  various  classes  of  Senior  Certificates  (other  than the Class PO
Certificates)  will be  disregarded,  and (i) an  amount  equal to the  Discount
Fraction  of  the  principal  portion  of  scheduled  payments  and  unscheduled
collections  received or advanced in respect of the Discount Mortgage Loans will
be  distributed  to  the  Class  PO  Certificates,  (ii)  the  Senior  Principal
Distribution  Amount will be  distributed to the remaining  Senior  Certificates
(other  than  the  Class PO  Certificates)  pro rata in  accordance  with  their
respective outstanding  Certificate Principal Balances, and (iii) the amount set
forth in Section 4.02(a)(i) will be distributed as set forth therein.

(d) After the  reduction  of the  Certificate  Principal  Balances of the Senior
Certificates  (other  than the Class PO  Certificates)  to zero but prior to the
Credit Support Depletion Date, the Senior  Certificates (other than the Class PO
Certificates) will be entitled to no further  distributions of principal thereon
and the Available  Distribution Amount will be paid solely to the holders of the
Class PO,  Class IO and  Subordinate  Certificates,  in each  case as  described
herein.

(e) In addition to the  foregoing  distributions,  with  respect to any Mortgage
Loan that was previously the subject of a Cash Liquidation or an REO Disposition
that resulted in a Realized Loss, in the event that within two years of the date
on which  such  Realized  Loss was  determined  to have  occurred  the  Servicer

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<PAGE>

receives amounts, which the Servicer reasonably believes to represent subsequent
recoveries  (net of any related  liquidation  expenses),  or determines  that it
holds  surplus  amounts  previously   reserved  to  cover  estimated   expenses,
specifically  related to such  Mortgage  Loan  (including,  but not  limited to,
recoveries in respect of the  representations and warranties made by the related
Seller pursuant to the Purchase  Agreement),  the Servicer shall distribute such
amounts to the  applicable  Certificateholders  of the Class or Classes to which
such  Realized   Loss  was  allocated  (or  to  Ambac,   as  subrogee  for  such
Certificateholders,  to the  extent  Ambac  made an Ambac  Insurance  Payment in
respect  of  such  Realized  Loss),  if  applicable  (with  the  amounts  to  be
distributed  allocated  among  such  Classes  in the  same  proportions  as such
Realized   Loss  was   allocated),   and   within   each   such   Class  to  the
Certificateholders  of record as of the Record Date  immediately  preceding  the
date of such  distribution  (or if  such  Class  of  Certificates  is no  longer
outstanding,  to the Certificateholders of record at the time that such Realized
Loss  was  allocated);  provided  that  no such  distribution  to any  Class  of
Certificates of subsequent  recoveries  related to a Mortgage Loan shall exceed,
either individually or in the aggregate and together with any other amounts paid
in  reimbursement  therefor,  the amount of the related  Realized  Loss that was
allocated to such Class of Certificates.  Notwithstanding the foregoing, no such
distribution  shall be made with respect to the Certificates of any Class to the
extent that  either (i) such Class was  protected  against the related  Realized
Loss or (ii) such Class of Certificates has been deposited into a separate trust
fund or other structuring vehicle and separate certificates or other instruments
representing  interests therein have been issued in one or more classes, and any
of such separate  certificates or other  instruments were protected  against the
related  Realized Loss  pursuant to any limited  guaranty,  payment  obligation,
irrevocable  letter  of  credit,   surety  bond,  insurance  policy  or  similar
instrument  or a reserve fund,  or a  combination  thereof.  Any amount to be so
distributed  with respect to the  Certificates of any Class shall be distributed
by the  Servicer  to the  Certificateholders  of  record as of the  Record  Date
immediately  preceding  the date of such  distribution  (i) with  respect to the
Certificates of any Class (other than the Class IO Certificates),  on a pro rata
basis based on the Percentage  Interest  represented by each Certificate of such
Class as of such Record Date and (ii) with respect to the Class IO Certificates,
to the Class IO Certificates in the same proportion as the related Realized Loss
was  allocated.  Any  amounts to be so  distributed  shall not be remitted to or
distributed from the Trust Fund, and shall constitute subsequent recoveries with
respect to Mortgage Loans that are no longer assets of the Trust Fund.

(f) Each distribution with respect to a Book-Entry  Certificate shall be paid to
the  Depository,   as  Holder  thereof,  and  the  Depository  shall  be  solely
responsible for crediting the amount of such distribution to the accounts of its
Depository   Participants  in  accordance  with  its  normal  procedures.   Each
Depository  Participant shall be responsible for disbursing such distribution to
the  Certificate  Owners that it represents  and to each indirect  participating
brokerage firm (a "brokerage  firm") for which it acts as agent.  Each brokerage
firm shall be responsible for disbursing funds to the Certificate Owners that it
represents.  The Trustee and the Depository  shall be responsible for allocation
of the  aggregate  amount  of  distributions  in  reduction  of the  Certificate
Principal Balance of the Insured Certificates as set forth in Section 4.12. None
of the Trustee,  the  Certificate  Registrar,  the Company or the Servicer shall
have any responsibility therefor.

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<PAGE>

(g) Except as otherwise  provided in Section 9.01,  if the Servicer  anticipates
that a final distribution with respect to any Class of Certificates will be made
on  the  next  Distribution   Date,  the  Servicer  shall,  no  later  than  the
Determination Date in the month of such final  distribution,  notify the Trustee
and  the  Trustee  shall,  no  later  than  two (2)  Business  Days  after  such
Determination  Date,  mail  on  such  date  to each  Holder  of  such  Class  of
Certificates a notice to the effect that: (i) the Trustee  anticipates  that the
final  distribution  with respect to such Class of Certificates  will be made on
such  Distribution  Date  but  only  upon  presentation  and  surrender  of such
Certificates at the office of the Trustee or as otherwise specified therein, and
(ii) no interest shall accrue on such Certificates from and after the end of the
related Interest Accrual Period. In the event that  Certificateholders  required
to surrender  their  Certificates  pursuant to Section  9.01(c) do not surrender
their  Certificates  for final  cancellation,  the  Trustee  shall  cause  funds
distributable with respect to such Certificates to be withdrawn from the Payment
Account  and  credited  to a separate  escrow  account  for the  benefit of such
Certificateholders as provided in Section 9.01(d).

Section 4.03...Statements to Certificateholders.

(a) Concurrently with each distribution  charged to the Payment Account and with
respect  to  each  Distribution  Date,  the  Trustee  shall  make  available  to
Certificateholders,  Ambac and other parties to this Agreement via the Trustee's
internet  website a statement as to each Class of Certificates  and the Mortgage
Pool that includes the information set forth in Exhibit M attached hereto.

        The  Trustee's   internet   website   shall   initially  be  located  at
"www.ctslink.com."  Assistance  in using the  website can be obtained by calling
the Trustee's  customer service desk at (301) 815-6600.  Parties that are unable
to use the  website  are  entitled to have a paper copy mailed to them via first
class mail by calling the customer service desk and indicating such. The Trustee
shall  have  the  right to  change  the way  Distribution  Date  statements  are
distributed  in order to make such  distribution  more  convenient  and/or  more
accessible  to the above  parties  and the  Trustee  shall  provide  timely  and
adequate notification to all above parties regarding any such changes.

(b) Within a reasonable  period of time after the end of each calendar year, the
Trustee shall prepare,  or cause to be prepared,  and shall forward, or cause to
be  forwarded,  to each Person who at any time during the calendar  year was the
Holder  of a  Certificate,  other  than  a  Class  R  Certificate,  a  statement
containing the  information  set forth in clauses (i) and (ii) of subsection (a)
above  aggregated  for such calendar year or applicable  portion  thereof during
which such Person was a Certificateholder.  Such obligation of the Trustee shall
be deemed to have been  satisfied  to the extent that  substantially  comparable
information shall be provided by the Trustee pursuant to any requirements of the
Code.

(c) Within a reasonable  period of time after the end of each calendar year, the
Trustee shall prepare,  or cause to be prepared,  and shall forward, or cause to
be  forwarded,  to each Person who at any time during the calendar  year was the
Holder  of  a  Class  R  Certificate,  a  statement  containing  the  applicable
distribution  information  provided pursuant to this Section 4.03 aggregated for
such calendar year or applicable  portion  thereof  during which such Person was
the Holder of a Class R  Certificate.  Such  obligation  of the Trustee shall be
deemed  to have been  satisfied  to the  extent  that  substantially  comparable
information  shall be provided by the Servicer  pursuant to any  requirements of
the Code.

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(d) Upon the written request of any  Certificateholder,  the Trustee, as soon as
reasonably practicable, shall provide the requesting Certificateholder with such
information as is necessary and  appropriate,  in the Trustee's sole discretion,
for purposes of satisfying applicable reporting requirements under Rule 144A.

Section               4.04...Distribution  of  Reports  to the  Trustee  and the
                      Company; Advances by the Servicer.

(a) Prior to the close of  business on the  Business  Day next  succeeding  each
Determination  Date,  the  Servicer  shall  furnish  a report  (the  "Remittance
Report")  to the  Trustee  and  Ambac  in a  mutually  agreed  upon  form  of an
electromagnetic  tape or disk and  hard  copy.  The  Remittance  Report  and any
information  supplemental thereto shall include such information with respect to
the  Mortgage  Loans that is required by the Trustee for  purposes of making the
calculations  described in Section 4.02 and preparing the statement described in
Section 4.03, as set forth in written specifications or guidelines issued by the
Seller or the Trustee  from time to time.  The  Trustee  shall be  protected  in
relying upon the  information  set forth in the  Remittance  Report  without any
independent check or verification.

(b) On or before 2:00 P.M. New York time on each Payment  Account  Deposit Date,
the Servicer shall either (i) deposit in the Payment Account from its own funds,
or  funds  received  therefor  from the  Subservicers,  an  amount  equal to the
Advances to be made by the Servicer in respect of the related Distribution Date,
which shall be in an aggregate  amount equal to the aggregate  amount of Monthly
Payments (with each interest portion thereof adjusted to the Net Mortgage Rate),
less the amount of any related Servicing Modifications,  Debt Service Reductions
or reductions in the amount of interest  collectable from the Mortgagor pursuant
to the Relief Act, on the Outstanding Mortgage Loans as of the related Due Date,
which  Monthly  Payments  were  delinquent as of the close of business as of the
related  Determination  Date; provided that no Advance shall be made if it would
be a  Nonrecoverable  Advance,  (ii)  withdraw  from  amounts  on deposit in the
Custodial  Account and  deposit in the  Payment  Account all or a portion of the
Amount Held for Future  Distribution in discharge of any such Advance,  or (iii)
make advances in the form of any  combination  of (i) and (ii)  aggregating  the
amount of such Advance.  Any portion of the Amount Held for Future  Distribution
so used shall be replaced by the  Servicer by deposit in the Payment  Account on
or before 11:00 A.M. New York time on any future Payment Account Deposit Date to
the extent that funds  attributable  to the Mortgage Loans that are available in
the Custodial Account for deposit in the Payment Account on such Payment Account
Deposit Date shall be less than  payments to  Certificateholders  required to be
made on the following  Distribution  Date. The Servicer shall be entitled to use
any Advance made by a Subservicer as described in Section  3.07(b) that has been
deposited in the Custodial  Account on or before such  Distribution Date as part
of the Advance made by the Servicer pursuant to this Section 4.04. The amount of
any reimbursement pursuant to Section 4.02(a) in respect of outstanding Advances
on any Distribution Date shall be allocated to specific Monthly Payments due but
delinquent  for previous Due Periods,  which  allocation  shall be made,  to the
extent  practicable,  to Monthly  Payments  which have been  delinquent  for the
longest  period of time.  Such  allocations  shall be conclusive for purposes of
reimbursement to the Servicer from recoveries on related Mortgage Loans pursuant
to Section 3.10.

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        The  determination  by the  Servicer  that it has made a  Nonrecoverable
Advance or that any proposed Advance, if made, would constitute a Nonrecoverable
Advance,  shall  be  evidenced  by an  Officers'  Certificate  of  the  Servicer
delivered to the Company and the Trustee.

        If the Servicer  determines as of the Business Day preceding any Payment
Account Deposit Date that it will be unable to deposit in the Payment Account an
amount equal to the Advance  required to be made for the immediately  succeeding
Distribution  Date,  it shall give  notice to the  Trustee of its  inability  to
advance  (such notice may be given by telecopy),  not later than 3:00 P.M.,  New
York time, on such Business Day,  specifying  the portion of such amount that it
will be unable to  deposit.  Not later  than 3:00 P.M.,  New York  time,  on the
Payment Account  Deposit Date the Trustee shall,  unless by 12:00 Noon, New York
time,  on such day the Trustee shall have been notified in writing (by telecopy)
that the Servicer  shall have  directly or  indirectly  deposited in the Payment
Account such portion of the amount of the Advance as to which the Servicer shall
have given notice pursuant to the preceding sentence,  pursuant to Section 7.01,
(a)  terminate  all of the rights and  obligations  of the  Servicer  under this
Agreement  in  accordance  with  Section  7.01 and (b)  assume  the  rights  and
obligations  of the Servicer  hereunder,  including the obligation to deposit in
the  Payment  Account  an  amount  equal  to the  Advance  for  the  immediately
succeeding Distribution Date.

        The Trustee shall deposit all funds it receives pursuant to this Section
4.04 into the Payment Account.

Section 4.05...Allocation of Realized Losses.

        Prior to each Distribution  Date, the Servicer shall determine the total
amount of Realized  Losses,  if any, that  resulted  from any Cash  Liquidation,
Servicing  Modification,  Debt  Service  Reduction,  Deficient  Valuation or REO
Disposition  that  occurred  during the calendar  month  preceding  the month of
distribution  or, in the case of a Servicing  Modification  that  constitutes  a
reduction of the interest rate on a Mortgage  Loan,  the amount of the reduction
in the  interest  portion of the  Monthly  Payment  due during the  related  Due
Period.  The amount of each  Realized  Loss shall be  evidenced  by an Officers'
Certificate.  All Realized  Losses,  other than Excess  Special  Hazard  Losses,
Extraordinary  Losses, Excess Bankruptcy Losses or Excess Fraud Losses, shall be
allocated as follows: first, to the Class B-3 Certificates until the Certificate
Principal  Balance  thereof has been reduced to zero;  second,  to the Class B-2
Certificates until the Certificate Principal Balance thereof has been reduced to
zero;  third,  to the Class B-1  Certificates  until the  Certificate  Principal
Balance thereof has been reduced to zero;  fourth, to the Class M-3 Certificates
until the Certificate Principal Balance thereof has been reduced to zero; fifth,
to the Class M-2 Certificates  until the Certificate  Principal  Balance thereof
has been  reduced  to zero;  sixth,  to the  Class  M-1  Certificates  until the
Certificate Principal Balance thereof has been reduced to zero; and, thereafter,
if any such  Realized  Losses are on a Discount  Mortgage  Loan, to the Class PO
Certificates  in an  amount  equal to the  Discount  Fraction  of the  principal
portion  thereof,  and the  remainder  of such  Realized  Losses on the Discount
Mortgage  Loans and the entire  amount of such Realized  Losses on  Non-Discount
Mortgage Loans will be allocated among all the Senior  Certificates  (other than
the  Class PO  Certificates)  on a pro  rata  basis,  as  described  below.  The

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principal portion of any Excess Special Hazard Losses, Excess Bankruptcy Losses,
Excess Fraud Losses and Extraordinary Losses on the Discount Mortgage Loans will
be  allocated  to the Class PO  Certificates  in an amount equal to the Discount
Fraction  thereof and the  remainder  of such  Realized  Losses on the  Discount
Mortgage  Loans and the entire  amount of such Realized  Losses on  Non-Discount
Mortgage Loans will be allocated among the Senior  Certificates  (other than the
Class PO  Certificates)  and Subordinate  Certificates,  on a pro rata basis, as
described below.

        As used herein,  an  allocation of a Realized Loss on a "pro rata basis"
among two or more specified Classes of Certificates means an allocation on a pro
rata  basis,  among the  various  Classes  so  specified,  to each such Class of
Certificates  on the  basis  of their  then  outstanding  Certificate  Principal
Balances prior to giving effect to distributions to be made on such Distribution
Date in the case of the  principal  portion of a  Realized  Loss or based on the
Accrued Certificate  Interest thereon payable on such Distribution Date (without
regard to any Compensating  Interest for such Distribution  Date) in the case of
an interest  portion of a Realized  Loss.  Except as  provided in the  following
sentence, any allocation of the principal portion of Realized Losses (other than
Debt Service  Reductions) to a Class of  Certificates  shall be made by reducing
the  Certificate  Principal  Balance  thereof by the amount so allocated,  which
allocation  shall be deemed to have  occurred  on such  Distribution  Date.  Any
allocation of the principal  portion of Realized Losses (other than Debt Service
Reductions) to the Subordinate  Certificates  then  outstanding  with the Lowest
Priority shall be made by operation of the definition of "Certificate  Principal
Balance" and by operation of the provisions of Section  4.02(a).  Allocations of
the  interest  portions of Realized  Losses shall be made in  proportion  to the
amount of Accrued  Certificate  Interest and by operation of the  definition  of
"Accrued  Certificate  Interest"  and by operation of the  provisions of Section
4.02(a).  Allocations of the principal portion of Debt Service  Reductions shall
be made by operation of the provisions of Section  4.02(a).  All Realized Losses
and all other losses  allocated  to a Class of  Certificates  hereunder  will be
allocated  among the  Certificates of such Class in proportion to the Percentage
Interests evidenced thereby.

Section 4.06...Reports of Foreclosures and Abandonment of Mortgaged Property.

        The Servicer or the  Subservicers  shall file  information  returns with
respect to the receipt of mortgage  interests  received in a trade or  business,
the reports of foreclosures and  abandonments of any Mortgaged  Property and the
information returns relating to cancellation of indebtedness income with respect
to  any  Mortgaged  Property  required  by  Sections  6050H,  6050J  and  6050P,
respectively,  of the Code, and deliver to the Trustee an Officers'  Certificate
on or before  March 31 of each year  stating  that such reports have been filed.
Such reports  shall be in form and  substance  sufficient  to meet the reporting
requirements imposed by Sections 6050H, 6050J and 6050P of the Code.

Section 4.07...Optional Purchase of Defaulted Mortgage Loans.

        As to any  Mortgage  Loan which is  delinquent  in payment by 90 days or
more,  the Servicer may, upon the written  request of and with funds provided by
the Junior  Certificateholder,  purchase  such Mortgage Loan from the Trustee at
the Purchase Price therefor.  If at any time the Servicer makes a payment to the
Payment  Account  covering the amount of the Purchase  Price for such a Mortgage
Loan,  and the  Servicer  provides  to the Trustee a  certification  signed by a
Servicing  Officer stating that the amount of such payment has been deposited in
the Payment  Account,  then the Trustee  shall  execute the  assignment  of such

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Mortgage  Loan at the  request of the  Servicer  without  recourse to the Junior
Certificateholder,  which shall  succeed to all the Trustee's  right,  title and
interest in and to such Mortgage Loan,  and all security and documents  relative
thereto.  Such assignment shall be an assignment  outright and not for security.
The Junior  Certificateholder  will  thereupon own such  Mortgage,  and all such
security and  documents,  free of any further  obligation  to the Trustee or the
Certificateholders with respect thereto.

Section 4.08...Insured Reserve Fund.

        No later than the Closing Date,  the Trustee will establish and maintain
with itself one or more  segregated  trust accounts that are Eligible  Accounts,
which shall be titled "Insured Reserve Fund,  Wells Fargo Bank Minnesota,  N.A.,
as trustee for the registered  holders of Residential  Asset Mortgage  Products,
Inc.,  GMACM  Mortgage  Pass-Through   Certificates,   Series  2000-J6,  Insured
Certificates." On the Closing Date, Bear, Stearns & Co. Inc. (the "Underwriter")
shall  deposit with the Trustee,  and the Trustee shall deposit into the Insured
Reserve Fund, cash in an amount equal to $3,000.

        The Trustee  shall  withdraw  amounts on deposit in the Insured  Reserve
Fund for  deposit  into the  Payment  Account,  and to pay to the holders of the
Insured  Certificates  pursuant to Section 4.02(a)(i) on a Distribution Date the
amount of Prepayment  Interest  Shortfalls and Relief Act  Shortfalls  otherwise
allocable  to the Insured  Certificates  pursuant to the  definition  of Accrued
Certificate  Interest  (to the  extent not offset by the  Servicer  pursuant  to
Section 3.16(e) hereof),  on such  Distribution  Date, to the extent of funds on
deposit in the  Insured  Reserve  Fund (the  amount of such  withdrawal  for any
Distribution Date, the "Insured Reserve  Withdrawal").  The Trustee will deliver
to Ambac promptly  after each  Distribution  Date a statement  setting forth the
Insured Reserve  Withdrawal for such  Distribution Date and the aggregate amount
of Insured Reserve Withdrawals as of such Distribution Date.

        For federal income tax purposes,  the Underwriter  shall be the owner of
the Reserve Fund and shall report all items of income,  deduction,  gain or loss
arising therefrom.  Notwithstanding anything herein to the contrary, the Insured
Reserve  Fund shall not be an asset of either  REMIC.  The Insured  Reserve Fund
shall be invested in Permitted  Investments at the direction of the Underwriter.
All income and gain realized from  investment of funds  deposited in the Insured
Reserve Fund shall be deposited in the Insured Reserve Fund for the sole use and
exclusive  benefit of the Insured  Reserve Fund. The amount of any loss incurred
in respect of any such  investments  shall be deposited  in the Insured  Reserve
Fund by the Underwriter out of its own funds immediately as realized without any
right of reimbursement.  The balance,  if any,  remaining in the Insured Reserve
Fund on the Distribution Date on which the Certificate  Principal Balance of the
Insured  Certificates  is reduced to zero will be  distributed by the Trustee to
the  Underwriter.  To the extent that the Insured  Reserve  Fund  constitutes  a
reserve fund for federal income tax purposes, (1) it shall be an outside reserve
fund  and not an  asset  of  either  REMIC  and (2) it  shall  be  owned  by the
Underwriter,  all within the  meaning of  Section  1.860G-2(h)  of the  Treasury
Regulations.

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        Section 4.09 Determination of LIBOR.

        On each LIBOR Rate  Adjustment  Date, the Trustee shall  determine LIBOR
for the Interest Accrual Period related to the next Distribution Date. As to any
Interest  Accrual Period,  other than the first Interest  Accrual Period,  LIBOR
will  equal the rate for  United  States  dollar  deposits  for one month  which
appears on the Telerate Screen Page 3750 of the Bridge Telerate  Capital Markets
Report as of 11:00 A.M., London time, on the related LIBOR Rate Adjustment Date.
If such rate does not  appear on such page (or such  other  page as may  replace
that page on that service,  or if such service is no longer offered,  such other
service  for  displaying  LIBOR or  comparable  rates as may be  selected by the
Trustee after  consultation  with the Servicer),  the rate will be the Reference
Bank Rate.  The Trustee will request the principal  London office of each of the
reference  banks to  provide  a  quotation  of its  rate.  If at least  two such
quotations are provided, the rate will be the arithmetic mean of the quotations.
If on such date fewer than two  quotations  are provided as requested,  the rate
will be the  arithmetic  mean of the rates  quoted by one or more major banks in
New York City, selected by the Trustee after consultation with the Servicer,  as
of 11:00  A.M.,  New York City time,  on such date for loans in U.S.  Dollars to
leading European banks for a period of one month in amounts  approximately equal
to the aggregate Certificate Principal Balance of the Variable Rate Certificates
then outstanding.  If no such quotations can be obtained, the rate will be LIBOR
for the  prior  Distribution  Date,  or,  in the case of the  first  LIBOR  Rate
Adjustment Date,  6.62%;  provided however,  if, under the priorities  described
above,  LIBOR for a  Distribution  Date would be based on LIBOR for the previous
Distribution Date for the third consecutive Distribution Date, the Trustee shall
select an alternative  comparable index (over which the Trustee has no control),
used for determining  one-month  Eurodollar lending rates that is calculated and
published (or otherwise made available) by an independent party.

        The  establishment of LIBOR by the Trustee and the Trustee's  subsequent
calculation  of  the   Pass-Through   Rates  applicable  to  the  Variable  Rate
Certificates  for the  relevant  Interest  Accrual  Period,  in the  absence  of
manifest error, will be final and binding.

                                   ARTICLE V
                                THE CERTIFICATES

Section 5.01...The Certificates.

(a) The Senior, Class M, Class B and Class R Certificates shall be substantially
in the forms set forth in Exhibits A, B, C and D,  respectively,  and shall,  on
original  issue,  be executed and  delivered  by the Trustee to the  Certificate
Registrar  for  authentication  and delivery to or upon the order of the Company
upon receipt by the Trustee or one or more Custodians of the documents specified
in Section 2.01. The Certificates shall be issuable in the minimum denominations
designated in the Preliminary Statement.

        The Certificates  shall be executed by manual or facsimile  signature on
behalf of an  authorized  signatory  of the  Trustee.  Certificates  bearing the
manual or facsimile  signatures of  individuals  who were at any time the proper
authorized  signatories  of the Trustee shall bind the Trustee,  notwithstanding
that such  individuals  or any of them have ceased to hold such offices prior to
the authentication and delivery of such Certificate or did not hold such offices

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at the  date of such  Certificates.  No  Certificate  shall be  entitled  to any
benefit under this Agreement,  or be valid for any purpose, unless there appears
on such  Certificate a certificate of  authentication  substantially in the form
provided for herein executed by the Certificate  Registrar by manual  signature,
and such certificate upon any Certificate shall be conclusive evidence,  and the
only evidence,  that such Certificate has been duly  authenticated and delivered
hereunder. All Certificates shall be dated the date of their authentication.

(b) Except as provided below, registration of Book-Entry Certificates may not be
transferred by the Trustee except to another Depository that agrees to hold such
Certificates  for the respective  Certificate  Owners with  Ownership  Interests
therein. The Holders of the Book-Entry  Certificates shall hold their respective
Ownership  Interests in and to each of such Certificates  through the book-entry
facilities  of the  Depository  and,  except  as  provided  below,  shall not be
entitled to Definitive Certificates in respect of such Ownership Interests.  All
transfers by Certificate Owners of their respective  Ownership  Interests in the
Book-Entry  Certificates  shall  be  made  in  accordance  with  the  procedures
established by the Depository  Participant or brokerage firm  representing  such
Certificate  Owner.  Each  Depository  Participant  shall transfer the Ownership
Interests  only  in  the  Book-Entry   Certificates  of  Certificate  Owners  it
represents or of brokerage  firms for which it acts as agent in accordance  with
the Depository's normal procedures.

        The  Trustee,  the  Servicer  and  the  Company  may  for  all  purposes
(including  the making of payments due on the  respective  Classes of Book-Entry
Certificates)  deal with the Depository as the authorized  representative of the
Certificate  Owners  with  respect  to  the  respective  Classes  of  Book-Entry
Certificates  for the purposes of  exercising  the rights of  Certificateholders
hereunder.  The rights of  Certificate  Owners  with  respect to the  respective
Classes of Book-Entry  Certificates shall be limited to those established by law
and agreements between such Certificate  Owners and the Depository  Participants
and brokerage firms representing such Certificate Owners.  Multiple requests and
directions  from,  and  votes  of,  the  Depository  as  Holder  of any Class of
Book-Entry  Certificates  with  respect to any  particular  matter  shall not be
deemed  inconsistent  if they are made with  respect  to  different  Certificate
Owners.  The Trustee may establish a reasonable  record date in connection  with
solicitations  of consents from or voting by  Certificateholders  and shall give
notice to the Depository of such record date.

        If (i)(A) the Company advises the Trustee in writing that the Depository
is no longer  willing or able to  properly  discharge  its  responsibilities  as
Depository and (B) the Company is unable to locate a qualified successor or (ii)
the  Company  at its option  advises  the  Trustee in writing  that it elects to
terminate the book-entry system through the Depository, the Trustee shall notify
all Certificate  Owners,  through the Depository,  of the occurrence of any such
event and of the availability of Definitive  Certificates to Certificate  Owners
requesting   the  same.   Upon  surrender  to  the  Trustee  of  the  Book-Entry
Certificates by the Depository,  accompanied by registration  instructions  from
the  Depository  for  registration  of  transfer,  the  Trustee  shall issue the
Definitive Certificates. Neither the Company, the Servicer nor the Trustee shall
be liable for any actions  taken by the  Depository  or its nominee,  including,
without  limitation,  any  delay  in  delivery  of  such  instructions  and  may
conclusively  rely on, and shall be protected in relying on, such  instructions.
Upon  the  issuance  of  Definitive   Certificates  all  references   herein  to

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obligations  imposed upon or to be performed by the Company in  connection  with
the issuance of the Definitive  Certificates pursuant to this Section 5.01 shall
be deemed to be imposed upon and  performed by the Trustee,  and the Trustee and
the Servicer  shall  recognize  the Holders of the  Definitive  Certificates  as
Certificateholders hereunder.

Section 5.02...Registration of Transfer and Exchange of Certificates.

(a) The  Trustee  shall cause to be kept at one of the offices or agencies to be
appointed by the Trustee in  accordance  with the  provisions  of Section 8.12 a
Certificate Register in which, subject to such reasonable  regulations as it may
prescribe, the Trustee shall provide for the registration of Certificates and of
transfers  and  exchanges of  Certificates  as herein  provided.  The Trustee is
initially  appointed  Certificate  Registrar  for  the  purpose  of  registering
Certificates and transfers and exchanges of Certificates as herein provided.

(b) Upon surrender for registration of transfer of any Certificate at any office
or agency of the Trustee  maintained  for such purpose  pursuant to Section 8.12
and,  in the  case  of any  Class  M,  Class  B or  Class  R  Certificate,  upon
satisfaction  of the conditions  set forth below,  the Trustee shall execute and
the Certificate  Registrar shall  authenticate  and deliver,  in the name of the
designated  transferee or  transferees,  one or more new  Certificates of a like
Class and aggregate Percentage Interest.

(c) At the option of the  Certificateholders,  Certificates may be exchanged for
other  Certificates  of authorized  denominations  of a like Class and aggregate
Percentage  Interest,  upon surrender of the Certificates to be exchanged at any
such office or agency. Whenever any Certificates are so surrendered for exchange
the Trustee shall execute and the Certificate  Registrar shall  authenticate and
deliver the  Certificates of such Class which the  Certificateholder  making the
exchange is entitled to receive.  Every Certificate presented or surrendered for
transfer  or exchange  shall (if so  required by the Trustee or the  Certificate
Registrar) be duly  endorsed by, or be  accompanied  by a written  instrument of
transfer in form satisfactory to the Trustee and the Certificate  Registrar duly
executed by, the Holder thereof or his attorney duly authorized in writing.

(d) No transfer,  sale,  pledge or other  disposition  of a Class B  Certificate
shall be made unless such transfer,  sale, pledge or other disposition is exempt
from the  registration  requirements  of the Securities Act of 1933, as amended,
and any applicable  state securities laws or is made in accordance with said Act
and laws.  In the event that a transfer of a Class B  Certificate  is to be made
either (i)(A) the Trustee shall require a written Opinion of Counsel  acceptable
to and in form and  substance  satisfactory  to the Trustee and the Company that
such transfer may be made pursuant to an exemption,  describing  the  applicable
exemption  and the  basis  therefor,  from  said Act and  laws or is being  made
pursuant to said Act and laws,  which Opinion of Counsel shall not be an expense
of the Trustee,  the Company or the Servicer  (except  that, if such transfer is
made by the Company or the Servicer or any Affiliate thereof, the Company or the
Servicer  shall provide such Opinion of Counsel at their own expense);  provided
that such Opinion of Counsel will not be required in connection with the initial
transfer of any such Certificate by the Company or any Affiliate  thereof to the
Company or an  Affiliate  of the Company and (B) the Trustee  shall  require the
transferee  to execute a  representation  letter,  substantially  in the form of
Exhibit H hereto,  and the Trustee  shall  require the  transferor  to execute a
representation  letter,  substantially  in the form of  Exhibit I  hereto,  each

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acceptable  to and in form and  substance  satisfactory  to the  Company and the
Trustee  certifying  to the Company and the Trustee the facts  surrounding  such
transfer,  which representation  letters shall not be an expense of the Trustee,
the Company or the Servicer; provided, however, that such representation letters
will not be required in connection with any transfer of any such  Certificate by
the  Company or any  Affiliate  thereof to the  Company or an  Affiliate  of the
Company,  and  the  Trustee  shall  be  entitled  to  conclusively  rely  upon a
representation  (which,  upon the  request  of the  Trustee,  shall be a written
representation)  from  the  Company,  of the  status  of such  transferee  as an
Affiliate  of  the  Company  or  (ii)  the  prospective  transferee  of  such  a
Certificate  shall be  required  to provide  the  Trustee,  the  Company and the
Servicer  with an  investment  letter  substantially  in the form of  Exhibit  J
attached hereto (or such other form as the Company in its sole discretion  deems
acceptable), which investment letter shall not be an expense of the Trustee, the
Company or the Servicer,  and which  investment  letter states that, among other
things,  such  transferee  (A) is a "qualified  institutional  buyer" as defined
under Rule 144A,  acting for its own account or the accounts of other "qualified
institutional  buyers"  as defined  under  Rule 144A,  and (B) is aware that the
proposed   transferor  intends  to  rely  on  the  exemption  from  registration
requirements  under the  Securities  Act of 1933,  as amended,  provided by Rule
144A. The Holder of any such  Certificate  desiring to effect any such transfer,
sale, pledge or other disposition shall, and does hereby agree to, indemnify the
Trustee,  the Company,  the Servicer and the Certificate  Registrar  against any
liability that may result if the transfer,  sale, pledge or other disposition is
not so exempt or is not made in accordance with such federal and state laws.

(e)  (i)In  the  case  of any  Class  B or  Class R  Certificate  presented  for
     registration  in the  name of any  Person,  either  (A) the  Trustee  shall
     require  an  Opinion of  Counsel  acceptable  to and in form and  substance
     satisfactory  to the  Trustee,  the Company and the  Servicer to the effect
     that the  purchase  or holding of such  Class B or Class R  Certificate  is
     permissible  under  applicable  law,  will not  constitute or result in any
     non-exempt  prohibited  transaction  under  Section  406  of  the  Employee
     Retirement  Income Security Act of 1974, as amended  ("ERISA"),  or Section
     4975 of the Code (or comparable  provisions of any subsequent  enactments),
     and will not  subject  the  Trustee,  the  Company or the  Servicer  to any
     obligation or liability  (including  obligations or liabilities under ERISA
     or  Section  4975 of the  Code) in  addition  to those  undertaken  in this
     Agreement, which Opinion of Counsel shall not be an expense of the Trustee,
     the Company or the  Servicer  or (B) the  prospective  Transferee  shall be
     required  to provide the  Trustee,  the  Company  and the  Servicer  with a
     certification  to the effect set forth in paragraph  six of Exhibit H (with
     respect to any Class R  Certificate)  or paragraph  fourteen of Exhibit G-1
     (with respect to any Class R Certificate),  which the Trustee may rely upon
     without further inquiry or investigation,  or such other  certifications as
     the Trustee may deem desirable or necessary in order to establish that such
     Transferee  or the  Person in whose  name such  registration  is  requested
     either (a) is not an  employee  benefit  plan or other plan  subject to the
     prohibited  transaction provisions of ERISA or Section 4975 of the Code, or
     any Person (including an investment manager, a named fiduciary or a trustee
     of any such  plan) who is using  "plan  assets"  of any such plan to effect
     such acquisition  (each, a "Plan Investor") or (b) in the case of any Class

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     B Certificate,  the following conditions are satisfied: (i) such Transferee
     is an insurance company,  (ii) the source of funds used to purchase or hold
     such  Certificate  (or interest  therein) is an "insurance  company general
     account" (as defined in U.S.  Department  of Labor  Prohibited  Transaction
     Class  Exemption  ("PTCE")  95-60,  and (iii) the  conditions  set forth in
     Sections I and III of PTCE  95-60 have been  satisfied  (each  entity  that
     satisfies this clause (b), a "Complying Insurance Company").

(ii) Any Transferee of a Class M Certificate  will be deemed to have represented
     by virtue of its  purchase  or holding  of such  Certificate  (or  interest
     therein) that either (a) such Transferee is not a Plan Investor, (b) it has
     acquired  and  is  holding  such  Certificate  in  reliance  on  Prohibited
     Transaction  Exemption  ("PTE") 94-29, 59 Fed. Reg. 14674 (March 29, 1994),
     as  amended by PTE 97-34,  62 Fed.  Reg.  39021  (July 21,  1997),  and PTE
     2000-58,  65 Fed. Reg. 67765 (November 13, 2000) (the "Issuer  Exemption"),
     and  that  it  understands  that  there  are  certain   conditions  to  the
     availability of the Issuer  Exemption  including that such Certificate must
     be  rated,  at the  time  of  purchase,  not  lower  that  "BBB-"  (or  its
     equivalent) by Standard & Poor's,  Fitch or Moody's or (c) such  Transferee
     is a Complying Insurance Company.

(iii)(A) If any Class M  Certificate  (or any  interest  therein) is acquired or
     held by any  Person  that does not  satisfy  the  conditions  described  in
     paragraph (ii) above, then the last preceding Transferee that either (i) is
     not a Plan Investor,  (ii) acquired such Certificate in compliance with the
     Issuer  Exemption,  or  (iii) is a  Complying  Insurance  Company  shall be
     restored,  to the extent permitted by law, to all rights and obligations as
     Certificate Owner thereof  retroactive to the date of such Transfer of such
     Class M Certificate.  The Trustee shall be under no liability to any Person
     for  making  any  payments  due  on  such  Certificate  to  such  preceding
     Transferee.

     (B)  Any purported  Certificate  Owner whose  acquisition or holding of any
          Class M Certificate (or interest therein) was effected in violation of
          the  restrictions  in this Section  5.02(e)  shall  indemnify and hold
          harmless the Company, the Trustee, the Servicer, any Subservicer,  and
          the Trust Fund from and against any and all liabilities, claims, costs
          or expenses  incurred by such parties as a result of such  acquisition
          or holding.

(f) (i)Each  Person who has or who acquires any Ownership  Interest in a Class R
Certificate  shall be deemed by the  acceptance or acquisition of such Ownership
Interest  to have  agreed to be bound by the  following  provisions  and to have
irrevocably  authorized the Trustee or its designee under clause  (iii)(A) below
to deliver  payments  to a Person  other than such Person and to  negotiate  the
terms of any  mandatory  sale under  clause  (iii)(B)  below and to execute  all
instruments of transfer and to do all other things  necessary in connection with
any such sale. The rights of each Person  acquiring any Ownership  Interest in a
Class R Certificate are expressly subject to the following provisions:

(A)                   Each Person holding or acquiring any Ownership Interest in
                      a Class R Certificate shall be a Permitted  Transferee and
                      shall  promptly  notify  the  Trustee  of  any  change  or
                      impending change in its status as a Permitted Transferee.

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     (B)  In connection with any proposed Transfer of any Ownership  Interest in
          a Class R Certificate,  the Trustee shall require  delivery to it, and
          shall not register the Transfer of any Class R  Certificate  until its
          receipt of, (I) an affidavit and agreement (a "Transfer  Affidavit and
          Agreement,"  in the form  attached  hereto  as  Exhibit  G-1) from the
          proposed  Transferee,  in  form  and  substance  satisfactory  to  the
          Servicer,  representing and warranting, among other things, that it is
          a  Permitted  Transferee,  that  it is  not  acquiring  its  Ownership
          Interest  in the  Class  R  Certificate  that  is the  subject  of the
          proposed Transfer as a nominee, trustee or agent for any Person who is
          not a  Permitted  Transferee,  that  for so  long  as it  retains  its
          Ownership  Interest  in a Class R  Certificate,  it will  endeavor  to
          remain a Permitted Transferee, and that it has reviewed the provisions
          of this  Section  5.02(f)  and agrees to be bound by them,  and (II) a
          certificate,  in the form  attached  hereto as Exhibit  G-2,  from the
          Holder  wishing  to  transfer  the  Class R  Certificate,  in form and
          substance  satisfactory to the Servicer,  representing and warranting,
          among other  things,  that no purpose of the  proposed  Transfer is to
          impede the assessment or collection of tax.

     (C)  Notwithstanding  the delivery of a Transfer Affidavit and Agreement by
          a proposed Transferee under clause (B) above, if a Responsible Officer
          of the Trustee who is assigned to this Agreement has actual  knowledge
          that  the  proposed  Transferee  is  not a  Permitted  Transferee,  no
          Transfer of an  Ownership  Interest in a Class R  Certificate  to such
          proposed Transferee shall be effected.

     (D)  Each Person  holding or acquiring any Ownership  Interest in a Class R
          Certificate  shall  agree (x) to  require  a  Transfer  Affidavit  and
          Agreement  from any  other  Person  to whom such  Person  attempts  to
          transfer its Ownership  Interest in a Class R Certificate  and (y) not
          to transfer its Ownership Interest unless it provides a certificate to
          the Trustee in the form attached hereto as Exhibit G-2.

     (E)  Each Person  holding or acquiring  an Ownership  Interest in a Class R
          Certificate,  by purchasing an Ownership Interest in such Certificate,
          agrees to give the Trustee  written notice that it is a  "pass-through
          interest holder" within the meaning of Temporary Treasury  Regulations
          Section  1.67-3T(a)(2)(i)(A)  immediately  upon acquiring an Ownership
          Interest  in a  Class  R  Certificate,  if it  is,  or is  holding  an
          Ownership   Interest  in  a  Class  R  Certificate  on  behalf  of,  a
          "pass-through interest holder."

(ii)           The Trustee will register the Transfer of any Class R Certificate
               only  if it  shall  have  received  the  Transfer  Affidavit  and
               Agreement,  a certificate of the Holder  requesting such transfer
               in the form attached  hereto as Exhibit G-2 and all of such other

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               documents as shall have been  reasonably  required by the Trustee
               as a condition  to such  registration.  Transfers  of the Class R
               Certificates  to  Non-United   States  Persons  and  Disqualified
               Organizations (as defined in Section  860E(e)(5) of the Code) are
               prohibited.

     (iii)(A) If any Disqualified  Organization shall become a holder of a Class
          R Certificate,  then the last preceding Permitted  Transferee shall be
          restored,   to  the  extent  permitted  by  law,  to  all  rights  and
          obligations as Holder thereof  retroactive to the date of registration
          of such Transfer of such Class R Certificate.  If a Non-United  States
          Person shall become a holder of a Class R  Certificate,  then the last
          preceding  United  States  Person  shall be  restored,  to the  extent
          permitted  by law,  to all rights and  obligations  as Holder  thereof
          retroactive to the date of registration of such Transfer of such Class
          R  Certificate.  If a transfer of a Class R Certificate is disregarded
          pursuant to the provisions of Treasury Regulations Section 1.860E-1 or
          Section 1.860G-3,  then the last preceding Permitted  Transferee shall
          be  restored,  to the  extent  permitted  by law,  to all  rights  and
          obligations as Holder thereof  retroactive to the date of registration
          of such  Transfer of such Class R  Certificate.  The Trustee  shall be
          under no liability to any Person for any registration of Transfer of a
          Class R  Certificate  that is in fact not  permitted  by this  Section
          5.02(f) or for  making any  payments  due on such  Certificate  to the
          holder  thereof or for taking any other  action  with  respect to such
          holder under the provisions of this Agreement.

     (B)  If any  purported  Transferee  shall  become  a  Holder  of a  Class R
          Certificate in violation of the  restrictions  in this Section 5.02(f)
          and to the extent that the  retroactive  restoration  of the rights of
          the Holder of such Class R Certificate as described in clause (iii)(A)
          above shall be invalid,  illegal or  unenforceable,  then the Servicer
          shall have the right, without notice to the holder or any prior holder
          of such Class R  Certificate,  to sell such Class R  Certificate  to a
          purchaser  selected by the  Servicer on such terms as the Servicer may
          choose.  Such purported  Transferee shall promptly endorse and deliver
          the Class R Certificates  in accordance  with the  instructions of the
          Servicer.  Such purchaser may be the Servicer  itself or any Affiliate
          of the  Servicer.  The proceeds of such sale,  net of the  commissions
          (which  may  include  commissions  payable  to  the  Servicer  or  its
          Affiliates),  expenses and taxes due, if any,  will be remitted by the
          Servicer to such purported Transferee. The terms and conditions of any
          sale  under  this  clause  (iii)(B)  shall be  determined  in the sole
          discretion  of the Servicer,  and the Servicer  shall not be liable to
          any Person having an Ownership  Interest in a Class R Certificate as a
          result of its exercise of such discretion.

(iv) The Trustee shall make  available,  upon written  request from the Internal
     Revenue  Service  and any  potentially  affected  Person,  all  information
     necessary  to compute any tax imposed (A) as a result of the Transfer of an
     Ownership  Interest  in a  Class  R  Certificate  to  any  Person  who is a
     Disqualified  Organization,  including the  information  regarding  "excess
     inclusions"  of such Class R  Certificates  required  to be provided to the

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     Internal  Revenue  Service and  certain  Persons as  described  in Treasury
     Regulations Sections 1.860D-1(b)(5) and 1.860E-2(a)(5), and (B) as a result
     of any regulated  investment company,  real estate investment trust, common
     trust fund, partnership, trust, estate or organization described in Section
     1381 of the Code that holds an Ownership  Interest in a Class R Certificate
     having  as  among  its  record  holders  at any time  any  Person  who is a
     Disqualified  Organization.  Reasonable  compensation  for  providing  such
     information  may be  required by the Trustee  before it will  provide  such
     information to any such potentially affected Person.

(v)            The  provisions  of this Section  5.02(f) set forth prior to this
               clause (v) may be modified, added to or eliminated, provided that
               there shall have been delivered to the Trustee the following:

     (A)  written  notification  from each Rating  Agency to the effect that the
          modification,  addition to or elimination of such  provisions will not
          cause such Rating Agency to downgrade  its  then-current  ratings,  if
          any,  of  any  Class  of the  Senior  (in  the  case  of  the  Insured
          Certificates,  such determination  shall be made without giving effect
          to the Ambac Policy),  Class M or Class B Certificates below the lower
          of the then-current rating or the rating assigned to such Certificates
          as of the Closing Date by such Rating Agency; and

     (B)  subject to Section 10.01(f),  an Officers' Certificate of the Servicer
          stating that the Servicer has received an Opinion of Counsel,  in form
          and substance  satisfactory  to the Servicer,  to the effect that such
          modification, addition to or absence of such provisions will not cause
          any portion of the applicable REMIC to cease to qualify as a REMIC and
          will not cause (x) any portion of the  applicable  REMIC to be subject
          to an  entity-level  tax  caused  by  the  Transfer  of  any  Class  R
          Certificate to a Person that is a Disqualified  Organization  or (y) a
          Certificateholder  or another Person to be subject to a  REMIC-related
          tax caused by the Transfer of a Class R  Certificate  to a Person that
          is not a Permitted Transferee.

(g) No service charge shall be made for any transfer or exchange of Certificates
of any Class,  but the Trustee may require  payment of a sum sufficient to cover
any tax or  governmental  charge  that may be  imposed  in  connection  with any
transfer or exchange of Certificates.

(h) All Certificates surrendered for transfer and exchange shall be destroyed by
the Certificate Registrar.

Section 5.03.  Mutilated, Destroyed, Lost or Stolen Certificates.

        If (i) any  mutilated  Certificate  is  surrendered  to the  Certificate
Registrar,  or the Trustee and the  Certificate  Registrar  receive  evidence to
their  satisfaction of the destruction,  loss or theft of any  Certificate,  and
(ii) there is  delivered  to the  Trustee  and the  Certificate  Registrar  such
security or indemnity as may be required by them to save each of them  harmless,

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then, in the absence of notice to the Trustee or the Certificate  Registrar that
such  Certificate has been acquired by a bona fide purchaser,  the Trustee shall
execute  and the  Certificate  Registrar  shall  authenticate  and  deliver,  in
exchange  for or in lieu  of any  such  mutilated,  destroyed,  lost  or  stolen
Certificate,  a new Certificate of like tenor, Class and Percentage Interest but
bearing a number not contemporaneously outstanding. Upon the issuance of any new
Certificate  under this  Section,  the  Trustee may require the payment of a sum
sufficient to cover any tax or other governmental  charge that may be imposed in
relation thereto and any other expenses  (including the fees and expenses of the
Trustee  and the  Certificate  Registrar)  connected  therewith.  Any  duplicate
Certificate  issued  pursuant to this  Section  shall  constitute  complete  and
indefeasible  evidence of ownership in the Trust Fund, as if originally  issued,
whether or not the lost,  stolen or destroyed  Certificate shall be found at any
time.

Section 5.04.  Persons Deemed Owners.

        Prior to due presentation of a Certificate for registration of transfer,
the Company, the Servicer, the Trustee, Ambac, the Certificate Registrar and any
agent of the  Company,  the  Servicer,  the  Trustee,  Ambac or the  Certificate
Registrar  may treat the Person in whose name any  Certificate  is registered as
the  owner  of such  Certificate  for the  purpose  of  receiving  distributions
pursuant to Section 4.02 and for all other purposes whatsoever, except as and to
the extent  provided in the definition of  "Certificateholder,"  and neither the
Company,  the Servicer,  the Trustee,  Ambac, the Certificate  Registrar nor any
agent of the  Company,  the  Servicer,  the  Trustee,  Ambac or the  Certificate
Registrar  shall be  affected  by notice to the  contrary  except as provided in
Section 5.02(f).

Section 5.05.  Appointment of Paying Agent.

        The  Trustee  may  appoint  a Paying  Agent  for the  purpose  of making
distributions to the  Certificateholders  pursuant to Section 4.02. In the event
of any such appointment, on or prior to each Distribution Date the Trustee shall
deposit or cause to be deposited  with the Paying Agent a sum sufficient to make
the payments to the Certificateholders in the amounts and in the manner provided
for in  Section  4.02,  such  sum to be held in  trust  for the  benefit  of the
Certificateholders.

        The Trustee  shall cause each Paying Agent to execute and deliver to the
Trustee an  instrument  in which such Paying  Agent shall agree with the Trustee
that such  Paying  Agent  will hold all sums held by it for the  payment  to the
Certificateholders in trust for the benefit of the  Certificateholders  entitled
thereto  until such sums shall be paid to such  Certificateholders.  Any sums so
held by such Paying Agent shall be held only in Eligible  Accounts to the extent
such sums are not distributed to the  Certificateholders  on the date of receipt
by such Paying Agent.

Section 5.06.  Optional Purchase of Certificates.

(a) On any Distribution Date on which the Pool Stated Principal  Balance,  prior
to giving effect to distributions to be made on such Distribution  Date, is less
than ten percent of the Cut-off Date  Principal  Balance of the Mortgage  Loans,
the Servicer shall have the right, at its option,  to purchase the  Certificates
in  whole,  but not in part,  at a price  equal to the  outstanding  Certificate
Principal  Balance  of such  Certificates  plus the sum of  Accrued  Certificate
Interest  thereon for the related  Interest  Accrual  Period and any  previously
unpaid Accrued Certificate Interest.

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(b) The  Servicer  shall give the Trustee not less than 60 days' prior notice of
the  Distribution  Date on which the Servicer  anticipates that it will purchase
the  Certificates  pursuant  to Section  5.06(a).  Notice of any such  purchase,
specifying  the  Distribution  Date upon which the Holders may  surrender  their
Certificates  to the Trustee for payment in  accordance  with this Section 5.06,
shall be given promptly by the Servicer by letter to Certificateholders  (with a
copy to the  Certificate  Registrar and each Rating  Agency)  mailed not earlier
than the 15th day and not later  than the 25th day of the month  next  preceding
the month of such final distribution, specifying:

(i)            the Distribution  Date upon which purchase of the Certificates is
               anticipated  to be made upon  presentation  and surrender of such
               Certificates  at the  office  or agency  of the  Trustee  therein
               designated,

(ii)    the purchase price therefor, if known, and

(iii)          that the Record Date  otherwise  applicable to such  Distribution
               Date  is  not   applicable,   payments   being   made  only  upon
               presentation  and surrender of the  Certificates at the office or
               agency of the Trustee therein specified.

If the Servicer gives the notice  specified above, the Servicer shall deposit in
the Payment Account before the Distribution  Date on which the purchase pursuant
to Section  5.06(a) is to be made, in  immediately  available  funds,  an amount
equal to the purchase price for the Certificates computed as provided above.

(c) Upon presentation and surrender of the Certificates to be purchased pursuant
to Section 5.06(a) by the Holders thereof,  the Trustee shall distribute to such
Holders an amount equal to the outstanding Certificate Principal Balance thereof
plus the sum of Accrued  Certificate  Interest  thereon for the related Interest
Accrual  Period and any  previously  unpaid  Accrued  Certificate  Interest with
respect thereto and any Prepayment Interest Shortfalls  allocated to the Insured
Certificates  to the extent covered by the Insured  Reserve Fund or a Guaranteed
Distribution.

(d) If any  Certificateholders  do not surrender their Certificates on or before
the Distribution Date on which a purchase pursuant to this Section 5.06 is to be
made,  the  Trustee  shall on such date cause all funds in the  Payment  Account
deposited  therein by the Servicer  pursuant to Section  5.06(b) to be withdrawn
therefrom  and  deposited in a separate  escrow  account for the benefit of such
Certificateholders,  and the Servicer shall give a second written notice to such
Certificateholders  to surrender their  Certificates for payment of the purchase
price  therefor.  If within six months after the second  notice any  Certificate
shall not have  been  surrendered  for  cancellation,  the  Trustee  shall  take
appropriate  steps as  directed  by the  Servicer to contact the Holders of such
Certificates concerning surrender of their Certificates.  The costs and expenses
of maintaining the escrow account and of contacting  Certificateholders shall be
paid out of the assets which remain in the escrow account. If within nine months
after the second notice any  Certificates  shall not have been  surrendered  for
cancellation  in accordance with this Section 5.06, the Trustee shall pay to the
Servicer all amounts distributable to the Holders thereof and the Servicer shall
thereafter  hold such amounts until  distributed  to such  Holders.  No interest

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shall  accrue or be payable to any  Certificateholder  on any amount held in the
escrow  account  or by the  Servicer  as a  result  of such  Certificateholder's
failure to surrender  its  Certificate(s)  for payment in  accordance  with this
Section 5.06. Any Certificate that is not surrendered on the  Distribution  Date
on which a purchase  pursuant to this Section 5.06 occurs as provided above will
be  deemed to have been  purchased  and the  Holder as of such date will have no
rights with respect  thereto except to receive the purchase price therefor minus
any costs and expenses associated with such escrow account and notices allocated
thereto.  Any Certificates so purchased or deemed to have been purchased on such
Distribution Date shall remain outstanding hereunder.  The Servicer shall be for
all purposes the Holder thereof as of such date.

                                   ARTICLE VI

                          THE COMPANY AND THE SERVICER

Section 6.01.  Respective Liabilities of the Company and the Servicer.

        The Company and the Servicer shall each be liable in accordance herewith
only to the extent of the obligations specifically and respectively imposed upon
and undertaken by the Company and the Servicer  herein.  By way of  illustration
and  not   limitation,   the  Company  is  not  liable  for  the  servicing  and
administration  of the  Mortgage  Loans,  nor is it obligated by Section 7.01 or
Section 10.01 to assume any obligations of the Servicer or to appoint a designee
to assume such obligations,  nor is it liable for any other obligation hereunder
that it may, but is not  obligated  to,  assume  unless it elects to assume such
obligation in accordance herewith.

Section               6.02.  Merger  or  Consolidation  of  the  Company  or the
                      Servicer; Assignment of Rights and Delegation of Duties by
                      Servicer.

(a) The Company and the  Servicer  will each keep in full effect its  existence,
rights  and  franchises  as a  corporation  under  the laws of the  state of its
incorporation,  and will  each  obtain  and  preserve  its  qualification  to do
business  as  a  foreign   corporation  in  each   jurisdiction  in  which  such
qualification   is  or  shall  be   necessary   to  protect  the   validity  and
enforceability of this Agreement,  the Certificates or any of the Mortgage Loans
and to perform its respective duties under this Agreement.

(b) Any  Person  into  which  the  Company  or the  Servicer  may be  merged  or
consolidated,  or any corporation  resulting from any merger or consolidation to
which the Company or the Servicer shall be a party, or any Person  succeeding to
the  business  of the Company or the  Servicer,  shall be the  successor  of the
Company or the Servicer, as the case may be, hereunder, without the execution or
filing of any paper or any further act on the part of any of the parties hereto,
anything herein to the contrary  notwithstanding;  provided,  however,  that the
successor  or  surviving  Person to the  Servicer  shall be qualified to service
mortgage loans on behalf of Fannie Mae or Freddie Mac; and provided further that
each Rating Agency's ratings,  if any, of the Senior (in the case of the Insured
Certificates,  such  determination  shall be made without  giving  effect to the
Ambac Policy),  Class M or Class B Certificates in effect  immediately  prior to
such merger or  consolidation  will not be qualified,  reduced or withdrawn as a
result  thereof  (as  evidenced  by a letter to such  effect  from  each  Rating
Agency).

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(c)  Notwithstanding  anything else in this Section 6.02 and Section 6.04 to the
contrary,  the  Servicer  may  assign its  rights  and  delegate  its duties and
obligations  under  this  Agreement;  provided  that the Person  accepting  such
assignment  or  delegation  shall be a  Person  which is  qualified  to  service
mortgage   loans  on  behalf  of  Fannie  Mae  or  Freddie  Mac,  is  reasonably
satisfactory to the Trustee and the Company,  is willing to service the Mortgage
Loans and executes and delivers to the Company and the Trustee an agreement,  in
form and substance reasonably satisfactory to the Company and the Trustee, which
contains an  assumption by such Person of the due and punctual  performance  and
observance  of each  covenant  and  condition to be performed or observed by the
Servicer under this Agreement; provided further that each Rating Agency's rating
of the Classes of Certificates  (in the case of the Insured  Certificates,  such
determination shall be made without giving effect to the Ambac Policy) that have
been rated in effect  immediately  prior to such  assignment and delegation will
not be  qualified,  reduced  or  withdrawn  as a result of such  assignment  and
delegation (as evidenced by a letter to such effect from each Rating Agency). In
the case of any such assignment and  delegation,  the Servicer shall be released
from its obligations under this Agreement, except that the Servicer shall remain
liable for all liabilities and obligations  incurred by it as Servicer hereunder
prior to the  satisfaction  of the conditions to such  assignment and delegation
set forth in the next preceding sentence.

Section 6.03.  Limitation on Liability of the Company, the Servicer and Others.

        Neither the Company,  the Servicer nor any of the  directors,  officers,
employees or agents of the Company or the Servicer  shall be under any liability
to the  Trust  Fund  or the  Certificateholders  for  any  action  taken  or for
refraining  from  the  taking  of any  action  in good  faith  pursuant  to this
Agreement,  or for errors in judgment;  provided,  however,  that this provision
shall not  protect the  Company,  the  Servicer  or any such Person  against any
breach of warranties or representations made herein or any liability which would
otherwise  be  imposed  by reason  of  willful  misfeasance,  bad faith or gross
negligence in the  performance  of duties or by reason of reckless  disregard of
obligations and duties  hereunder.  The Company,  the Servicer and any director,
officer, employee or agent of the Company or the Servicer may rely in good faith
on any document of any kind prima facie  properly  executed and submitted by any
Person respecting any matters arising hereunder.  The Company,  the Servicer and
any director, officer, employee or agent of the Company or the Servicer shall be
indemnified by the Trust Fund and held harmless  against any loss,  liability or
expense  incurred in connection with any legal action relating to this Agreement
or the  Certificates,  other than any loss,  liability or expense related to any
specific Mortgage Loan or Mortgage Loans (except as any such loss,  liability or
expense  shall be otherwise  reimbursable  pursuant to this  Agreement)  and any
loss, liability or expense incurred by reason of willful misfeasance,  bad faith
or gross  negligence  in the  performance  of duties  hereunder  or by reason of
reckless disregard of obligations and duties hereunder.

        Neither the Company nor the Servicer  shall be under any  obligation  to
appear in, prosecute or defend any legal or administrative  action,  proceeding,
hearing or examination  that is not  incidental to its  respective  duties under
this  Agreement  and which in its  opinion  may  involve  it in any  expense  or
liability;  provided,  however,  that the  Company  or the  Servicer  may in its

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discretion undertake any such action, proceeding, hearing or examination that it
may deem  necessary or desirable in respect to this Agreement and the rights and
duties  of the  parties  hereto  and  the  interests  of the  Certificateholders
hereunder.  In such  event,  the  legal  expenses  and  costs  of  such  action,
proceeding,  hearing or examination and any liability  resulting therefrom shall
be expenses,  costs and  liabilities  of the Trust Fund, and the Company and the
Servicer shall be entitled to be reimbursed therefor out of amounts attributable
to the Mortgage Loans on deposit in the Custodial Account as provided by Section
3.10  and,  on  the  Distribution  Date(s)  following  such  reimbursement,  the
aggregate  of such  expenses  and costs shall be  allocated  in reduction of the
Accrued  Certificate  Interest on each Class entitled thereto in the same manner
as if such expenses and costs constituted a Prepayment Interest Shortfall.

Section 6.04.  Company and Servicer Not to Resign.

        Subject to the  provisions of Section 6.02,  neither the Company nor the
Servicer shall resign from its respective  obligations and duties hereby imposed
on it  except  upon  determination  that  its  duties  hereunder  are no  longer
permissible  under  applicable  law.  Any  such  determination   permitting  the
resignation  of the Company or the Servicer  shall be evidenced by an Opinion of
Counsel to such effect  delivered to the  Trustee.  No such  resignation  by the
Servicer shall become effective until the Trustee or a successor  servicer shall
have assumed the Servicer's  responsibilities and obligations in accordance with
Section 7.02.

                                  ARTICLE VII

                                     DEFAULT

Section 7.01.  Events of Default.

        Event of Default,  wherever used herein,  means any one of the following
events  (whatever  reason  for such  Event of  Default  and  whether it shall be
voluntary or  involuntary  or be effected by operation of law or pursuant to any
judgment,  decree or order of any court or any order,  rule or regulation of any
administrative or governmental body):

(i)  the  Servicer  shall  fail to  deposit  or cause to be  deposited  into the
     Payment Account any amounts required to be so deposited therein at the time
     required  pursuant to Section 4.01 or otherwise,  and in either case,  such
     failure  shall  continue  unremedied  for a period of 5 days after the date
     upon which  written  notice of such failure,  requiring  such failure to be
     remedied,  shall  have been  given to the  Servicer  by the  Trustee or the
     Company or to the  Servicer,  the Company and the Trustee by the Holders of
     Certificates of such Class evidencing  Percentage Interests aggregating not
     less than 25%; or

(ii) the Servicer  shall fail to observe or perform in any material  respect any
     other of the covenants or agreements on the part of the Servicer  contained
     in the  Certificates  of any Class or in this  Agreement  and such  failure
     shall continue  unremedied for a period of 30 days (except that such number
     of days  shall be 15 in the case of a failure  to pay the  premium  for any
     Required  Insurance  Policy) after the date on which written notice of such

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     failure,  requiring  the same to be remedied,  shall have been given to the
     Servicer by the Trustee or the Company, or to the Servicer, the Company and
     the Trustee by the Holders of Certificates of any Class evidencing,  in the
     case of any such Class, Percentage Interests aggregating not less than 25%;
     or

(iii)a decree  or order of a court or  agency or  supervisory  authority  having
     jurisdiction  in the premises in an  involuntary  case under any present or
     future federal or state bankruptcy, insolvency or similar law or appointing
     a conservator or receiver or liquidator in any insolvency,  readjustment of
     debt, marshalling of assets and liabilities or similar proceedings,  or for
     the  winding-up  or  liquidation  of its  affairs,  shall have been entered
     against the Servicer and such decree or order shall have  remained in force
     undischarged or unstayed for a period of 60 days; or

(iv) the Servicer shall consent to the  appointment of a conservator or receiver
     or liquidator  in any  insolvency,  readjustment  of debt,  marshalling  of
     assets and  liabilities,  or similar  proceedings  of, or relating  to, the
     Servicer or of, or relating to, all or substantially all of the property of
     the Servicer; or

(v)  the  Servicer  shall  admit  in  writing  its  inability  to pay its  debts
     generally  as they become due,  file a petition  to take  advantage  of, or
     commence  a   voluntary   case  under,   any   applicable   insolvency   or
     reorganization   statute,  make  an  assignment  for  the  benefit  of  its
     creditors, or voluntarily suspend payment of its obligations; or

(vi) the Servicer shall notify the Trustee  pursuant to Section  4.04(b) that it
     is unable to deposit in the Payment Account an amount equal to the Advance.

        If an Event of  Default  described  in clauses  (i)-(v) of this  Section
shall  occur,  then,  and in each and every such case,  so long as such Event of
Default shall not have been  remedied,  the Company may, and at the direction of
Holders  of  Certificates  entitled  to at least 51% of the Voting  Rights,  the
Trustee shall, by notice in writing to the Servicer (and to the Company if given
by the Trustee or to the Trustee if given by the Company),  terminate all of the
rights and  obligations  of the Servicer  under this Agreement and in and to the
Mortgage  Loans  and  the  proceeds   thereof,   other  than  its  rights  as  a
Certificateholder  hereunder.  If an Event of Default  described  in clause (vi)
hereof  shall  occur,  the  Trustee  shall,  by notice to the  Servicer  and the
Company, immediately terminate all of the rights and obligations of the Servicer
under this Agreement and in and to the Mortgage Loans and the proceeds  thereof,
other than its rights as a  Certificateholder  hereunder  as provided in Section
4.04(b).  On or after the receipt by the  Servicer of such written  notice,  all
authority and power of the Servicer under this  Agreement,  whether with respect
to the  Certificates  (other than as a Holder  thereof) or the Mortgage Loans or
otherwise, shall subject to Section 7.02 pass to and be vested in the Trustee or
the  Trustee's  designee  appointed  pursuant  to  Section  7.02;  and,  without
limitation,  the  Trustee is hereby  authorized  and  empowered  to execute  and
deliver, on behalf of the Servicer,  as  attorney-in-fact or otherwise,  any and
all documents and other  instruments,  and to do or accomplish all other acts or
things  necessary  or  appropriate  to effect  the  purposes  of such  notice of
termination,  whether to complete the transfer and  endorsement or assignment of
the Mortgage Loans and related documents,  or otherwise.  The Servicer agrees to
cooperate  with the  Trustee in  effecting  the  termination  of the  Servicer's

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responsibilities  and  rights  hereunder,  including,  without  limitation,  the
transfer to the Trustee or its  designee  for  administration  by it of all cash
amounts  which  shall at the time be credited  to the  Custodial  Account or the
Payment Account or thereafter be received with respect to the Mortgage Loans. No
such  termination  shall  release the Servicer for any  liability  that it would
otherwise  have hereunder for any act or omission prior to the effective time of
such termination.

        Notwithstanding  any  termination  of the  activities  of GMAC  Mortgage
Corporation  in its capacity as Servicer  hereunder,  GMAC Mortgage  Corporation
shall be entitled to receive, out of any late collection of a Monthly Payment on
a  Mortgage  Loan which was due prior to the notice  terminating  GMAC  Mortgage
Corporation's  rights and  obligations as Servicer  hereunder and received after
such notice,  that portion to which GMAC  Mortgage  Corporation  would have been
entitled  pursuant  to  Sections  3.10(a)(ii),  (vi)  and  (vii)  as well as its
Servicing Fee in respect thereof, and any other amounts payable to GMAC Mortgage
Corporation hereunder the entitlement to which arose prior to the termination of
its activities hereunder.

Section 7.02.  Trustee to Act; Appointment of Successor.

(a) Within 90 days of the time the Servicer  resigns pursuant to Section 6.04 or
receives a notice of  termination  pursuant  to Section  7.01,  the Trustee or a
successor  Servicer appointed by the Trustee hereunder shall be the successor in
all respects to the Servicer in its  capacity as Servicer  under this  Agreement
and the  transactions  set forth or  provided  for  herein  and shall be subject
thereafter to all the responsibilities,  duties,  liabilities and limitations on
liabilities relating thereto placed on the Servicer, including the obligation to
make  Monthly  Advances  which  have been or will be  required  to be made,  but
excluding the  representations of the Servicer contained in Section 2.03, by the
terms and provisions hereof; provided that any failure to perform such duties or
responsibilities  caused  by  the  predecessor  Servicer's  failure  to  provide
information  required by Section 4.02 or 4.03 shall not be  considered a default
by the Trustee as successor  Servicer  hereunder;  and provided further that the
Trustee shall have no obligation whatsoever with respect to any liability (other
than Monthly  Advances deemed  recoverable and not previously  made) incurred by
the predecessor  Servicer at or prior to the time of receipt by such Servicer of
the notice of termination  pursuant to Section 7.01 or receipt by the Trustee of
the Opinion of Counsel  referred to in Section 6.04. As  compensation  therefor,
the Trustee shall be entitled to the Servicing Fee and all funds relating to the
Mortgage  Loans  which the  Servicer  would have been  entitled to charge to the
Custodial  Account if the Servicer had  continued to act  hereunder,  except for
amounts that the Servicer shall be entitled to receive pursuant to Section 7.01.
If the Trustee has become the  successor  to the  Servicer  in  accordance  with
Section  6.04 or this  Section  7.02,  then  notwithstanding  the above,  if the
Trustee  shall be unwilling to so act, or shall be unable to so act, the Trustee
may  appoint,  or petition a court of  competent  jurisdiction  to appoint,  any
established housing and home finance institution , which is also a Fannie Mae or
Freddie Mac-approved mortgage servicing  institution,  having a net worth of not
less  than  $10,000,000  as the  successor  to  the  Servicer  hereunder  in the
assumption of all or any part of the responsibilities,  duties or liabilities of
the  Servicer  hereunder.  Pending  appointment  of a successor  to the Servicer
hereunder,  the Trustee shall act in such capacity as herein above provided.  In
connection  with such  appointment  and  assumption,  the  Trustee may make such
arrangements  for the compensation of such successor out of payments on Mortgage

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Loans as it and such  successor  shall agree;  provided,  however,  that no such
compensation shall be in excess of that permitted the Servicer  hereunder.  Each
of the Seller, the Trustee and such successor shall take such action, consistent
with this Agreement, as shall be necessary to effectuate any such succession.

        If the Trustee  becomes the  successor  to the Servicer  hereunder,  the
Trustee  shall be  entitled  to be  reimbursed  by the  Servicer  for all  costs
associated  with the  transfer of the  servicing  of the  Mortgage  Loans to the
Trustee,  including any costs or expenses  associated with the complete transfer
of all servicing data and the  completion,  correction or  manipulation  of such
servicing  data as may be  required  by the  Trustee  to  correct  any errors or
insufficiencies  in the  servicing  data or  otherwise  to enable the Trustee to
service the Mortgage Loans in accordance with this Agreement. To the extent that
any such costs and expenses of the Trustee resulting from the termination of the
Servicer  pursuant to this Section  7.02 are not  reimbursed  by the  terminated
Servicer,  the  Trustee  shall be entitled  to  reimbursement  of such costs and
expenses from the Payment Account.

        Any successor,  including the Trustee, to the Servicer shall maintain in
force  during its term as Servicer  hereunder  insurance  policies  and fidelity
bonds as may be required to be  maintained  by the Servicer  pursuant to Section
3.12.

        If the Trustee  shall succeed to any duties of the Servicer with respect
to the Mortgage Loans as provided herein,  it shall do so in a separate capacity
and not in its capacity as Trustee and,  accordingly,  the provisions of Article
VIII shall be inapplicable to the Trustee in its duties as successor Servicer in
the servicing of the Mortgage Loans (although such provisions  shall continue to
apply to the Trustee in its capacity as trustee); the provisions of Article III,
however, shall apply to the Trustee in its capacity as successor Servicer.

(b) In connection with the termination or resignation of the Servicer hereunder,
either (i) the  successor  Servicer,  including  the  Trustee if the  Trustee is
acting as successor Servicer, shall represent and warrant that it is a member of
MERS in good  standing and shall agree to comply in all material  respects  with
the  rules  and  procedures  of MERS in  connection  with the  servicing  of the
Mortgage  Loans that are  registered  with MERS,  in which case the  predecessor
Servicer shall  cooperate with the successor  Servicer in causing MERS to revise
its records to reflect the transfer of servicing  to the  successor  Servicer as
necessary under MERS' rules and  regulations,  or (ii) the predecessor  Servicer
shall  cooperate  with the  successor  Servicer  in causing  MERS to execute and
deliver an assignment  of Mortgage in  recordable  form to transfer the Mortgage
from  MERS to the  Trustee  and to  execute  and  deliver  such  other  notices,
documents  and other  instruments  as may be  necessary or desirable to effect a
transfer of such Mortgage Loan or servicing of such Mortgage Loan on the MERS(R)
System to the successor Servicer.  The predecessor  Servicer shall file or cause
to be  filed  any such  assignment  in the  appropriate  recording  office.  The
predecessor Servicer shall bear any and all fees of MERS, costs of preparing any
assignments  of  Mortgage,  and fees and  costs of  filing  any  assignments  of
Mortgage that may be required under this subsection (b). The successor  Servicer
shall cause such  assignment  to be  delivered  to the Trustee or the  Custodian
promptly upon receipt of the original  with  evidence of recording  thereon or a
copy  certified  by the public  recording  office in which such  assignment  was
recorded.

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Section 7.03.  Notification to Certificateholders.

(a) Upon any such termination or appointment of a successor to the Servicer, the
Trustee shall give prompt written notice  thereof to the  Certificateholders  at
their respective addresses appearing in the Certificate Register.

(b) Within 60 days after the  occurrence  of any Event of  Default,  the Trustee
shall transmit by mail to all Holders of Certificates  notice of each such Event
of Default  hereunder  known to the Trustee,  unless such Event of Default shall
have been cured or waived.

Section 7.04.  Waiver of Events of Default.

        The Holders representing at least 66% of the Voting Rights affected by a
default  or Event of  Default  hereunder  may  waive  such  default  or Event of
Default; provided,  however, that (a) a default or Event of Default under clause
(i) of Section  7.01 may be waived  only by all of the  Holders of  Certificates
affected by such default or Event of Default and (b) no waiver  pursuant to this
Section 7.04 shall affect the Holders of Certificates in the manner set forth in
Section  12.01(b)(i)  or (ii).  Upon any such  waiver of a  default  or Event of
Default by the Holders  representing  the requisite  percentage of Voting Rights
affected by such  default or Event of Default,  such default or Event of Default
shall cease to exist and shall be deemed to have been remedied for every purpose
hereunder.  No such waiver shall extend to any  subsequent  or other  default or
Event of  Default or impair any right  consequent  thereon  except to the extent
expressly so waived.

                                  ARTICLE VIII

                             CONCERNING THE TRUSTEE

Section 8.01.  Duties of Trustee.

(a) The Trustee,  prior to the  occurrence  of an Event of Default and after the
curing or waiver of all Events of Default which may have occurred, undertakes to
perform such duties and only such duties as are  specifically  set forth in this
Agreement. In case an Event of Default has occurred (which has not been cured or
waived),  the Trustee shall  exercise such of the rights and powers vested in it
by this  Agreement,  and use the same degree of care and skill in their exercise
as a prudent  investor  would  exercise  or use under the  circumstances  in the
conduct of such investor's own affairs.

(b) The Trustee,  upon  receipt of all  resolutions,  certificates,  statements,
opinions,  reports,  documents,  orders or other  instruments  furnished  to the
Trustee  which  are  specifically  required  to be  furnished  pursuant  to  any
provision  of this  Agreement,  shall  examine  them to  determine  whether they
conform to the  requirements  of this  Agreement.  The Trustee  shall notify the
Certificateholders  of any such documents which do not materially conform to the
requirements  of  this  Agreement  in the  event  that  the  Trustee,  after  so
requesting, does not receive satisfactorily corrected documents.

        The Trustee shall  forward or cause to be forwarded in a timely  fashion
the  notices,  reports and  statements  required to be  forwarded by the Trustee
pursuant to Sections 4.03, 7.03 and 10.01. The Trustee shall furnish in a timely
fashion to the Servicer such information as the Servicer may reasonably  request

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from time to time for the  Servicer  to fulfill  its duties as set forth in this
Agreement.   The  Trustee  covenants  and  agrees  that  it  shall  perform  its
obligations hereunder in a manner so as to maintain the status of any portion of
the  applicable  REMIC as a REMIC  under the REMIC  Provisions  and  (subject to
Section  10.01(f))  to prevent the  imposition  of any  federal,  state or local
income,  prohibited transaction,  contribution or other tax on the Trust Fund to
the extent that  maintaining  such status and avoiding such taxes are reasonably
within the  control of the Trustee  and are  reasonably  within the scope of its
duties under this Agreement.

(c) No  provision  of this  Agreement  shall be construed to relieve the Trustee
from liability for its own negligent action, its own negligent failure to act or
its own willful misconduct; provided, however, that:

(i)  Prior to the  occurrence  of an Event of  Default,  and after the curing or
     waiver of all such Events of Default  which may have  occurred,  the duties
     and  obligations  of the Trustee shall be determined  solely by the express
     provisions  of this  Agreement,  the Trustee shall not be liable except for
     the  performance  of such duties and  obligations as are  specifically  set
     forth in this Agreement,  no implied covenants or obligations shall be read
     into this Agreement against the Trustee and, in the absence of bad faith on
     the part of the Trustee, the Trustee may conclusively rely, as to the truth
     of the statements and the  correctness of the opinions  expressed  therein,
     upon any  certificates or opinions  furnished to the Trustee by the Company
     or the Servicer and which on their face, do not contradict the requirements
     of this Agreement;

(ii) The Trustee shall not be personally liable for an error of judgment made in
     good faith by a Responsible Officer or Responsible Officers of the Trustee,
     unless it shall be proved that the Trustee was  negligent  in  ascertaining
     the pertinent facts;

(iii)The  Trustee  shall not be  personally  liable  with  respect to any action
     taken,  suffered  or omitted to be taken by it in good faith in  accordance
     with the direction of  Certificateholders of any Class holding Certificates
     which evidence, as to such Class, Percentage Interests aggregating not less
     than 25% as to the time,  method and place of conducting any proceeding for
     any remedy  available  to the  Trustee,  or  exercising  any trust or power
     conferred upon the Trustee, under this Agreement;

(iv) The Trustee shall not be charged with  knowledge of any default (other than
     a default in payment to the  Trustee)  specified in clauses (i) and (ii) of
     Section 7.01 or an Event of Default  under clauses  (iii),  (iv) and (v) of
     Section 7.01 unless a  Responsible  Officer of the Trustee  assigned to and
     working in the  Corporate  Trust Office  obtains  actual  knowledge of such
     failure or event or the Trustee  receives written notice of such failure or
     event at its Corporate  Trust Office from the Servicer,  the Company or any
     Certificateholder; and

(v)  Except to the  extent  provided  in  Section  7.02,  no  provision  in this
     Agreement  shall  require  the  Trustee  to  expend  or risk its own  funds
     (including,  without  limitation,  the making of any  Advance) or otherwise
     incur any personal  financial  liability in the  performance  of any of its

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     duties as Trustee  hereunder,  or in the  exercise  of any of its rights or
     powers,  if the Trustee shall have  reasonable  grounds for believing  that
     repayment of funds or adequate  indemnity against such risk or liability is
     not reasonably assured to it.

(d) The Trustee shall timely pay, from its own funds,  the amount of any and all
federal,  state and local  taxes  imposed  on the  Trust  Fund or its  assets or
transactions including, without limitation, (A) "prohibited transaction" penalty
taxes as defined in Section 860F of the Code,  if, when and as the same shall be
due and payable,  (B) any tax on contributions to a REMIC after the Closing Date
imposed  by  Section  860G(d)  of the Code and (C) any tax on "net  income  from
foreclosure  property"  as defined in Section  860G(c) of the Code,  but only if
such taxes  arise out of a breach by the Trustee of its  obligations  hereunder,
which breach constitutes negligence or willful misconduct of the Trustee.

Section 8.02.  Certain Matters Affecting the Trustee.

        (a)    Except as otherwise provided in Section 8.01:

(i)  The Trustee may rely and shall be  protected in acting or  refraining  from
     acting upon any resolution, Officers' Certificate,  certificate of auditors
     or any other certificate,  statement,  instrument, opinion, report, notice,
     request,  consent,  order,  appraisal,  bond or  other  paper  or  document
     believed by it to be genuine and to have been  signed or  presented  by the
     proper party or parties;

(ii) The Trustee may consult  with  counsel and any Opinion of Counsel  shall be
     full and complete  authorization  and  protection  in respect of any action
     taken  or  suffered  or  omitted  by it  hereunder  in  good  faith  and in
     accordance with such Opinion of Counsel;

(iii)The Trustee  shall be under no  obligation to exercise any of the trusts or
     powers vested in it by this  Agreement or to  institute,  conduct or defend
     any  litigation  hereunder or in relation  hereto at the request,  order or
     direction of any of the  Certificateholders,  pursuant to the provisions of
     this Agreement,  unless such  Certificateholders  shall have offered to the
     Trustee  reasonable  security or indemnity against the costs,  expenses and
     liabilities  which may be incurred  therein or thereby;  nothing  contained
     herein  shall,  however,  relieve the Trustee of the  obligation,  upon the
     occurrence of an Event of Default (which has not been cured or waived),  to
     exercise such of the rights and powers vested in it by this Agreement,  and
     to use the same  degree  of care and skill in their  exercise  as a prudent
     investor  would exercise or use under the  circumstances  in the conduct of
     such investor's own affairs;

(iv) The Trustee shall not be personally  liable for any action taken,  suffered
     or omitted  by it in good  faith and  believed  by it to be  authorized  or
     within  the  discretion  or  rights  or  powers  conferred  upon it by this
     Agreement;

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(v)  Prior to the  occurrence  of an Event of  Default  hereunder  and after the
     curing or waiver of all  Events of  Default  which may have  occurred,  the
     Trustee  shall  not be bound to make any  investigation  into the  facts or
     matters  stated  in any  resolution,  certificate,  statement,  instrument,
     opinion,  report, notice, request,  consent, order, approval, bond or other
     paper or  document,  unless  requested  in  writing  so to do by Holders of
     Certificates  of  any  Class  evidencing,  as  to  such  Class,  Percentage
     Interests,  aggregating not less than 50%; provided,  however,  that if the
     payment within a reasonable  time to the Trustee of the costs,  expenses or
     liabilities likely to be incurred by it in the making of such investigation
     is, in the opinion of the Trustee, not reasonably assured to the Trustee by
     the security afforded to it by the terms of this Agreement, the Trustee may
     require  reasonable  indemnity  against  such  expense  or  liability  as a
     condition  to  so  proceeding.   The  reasonable   expense  of  every  such
     examination  shall be paid by the  Servicer,  if an Event of Default  shall
     have occurred and is  continuing,  and  otherwise by the  Certificateholder
     requesting the investigation;

(vi) The Trustee may  execute any of the trusts or powers  hereunder  or perform
     any duties  hereunder either directly or by or through agents or attorneys;
     and

(vii)To the extent  authorized  under the Code and the  regulations  promulgated
     thereunder,  each  Holder  of a  Class  R  Certificate  hereby  irrevocably
     appoints and authorizes the Trustee to be its attorney-in-fact for purposes
     of  signing  any Tax  Returns  required  to be filed on behalf of the Trust
     Fund. The Trustee shall sign on behalf of the Trust Fund and deliver to the
     Servicer in a timely manner any Tax Returns prepared by or on behalf of the
     Servicer that the Trustee is required to sign as determined by the Servicer
     pursuant to applicable federal,  state or local tax laws, provided that the
     Servicer shall  indemnify the Trustee for signing any such Tax Returns that
     contain errors or omissions.

(b) Following the issuance of the Certificates, the Trustee shall not accept any
contribution of assets to the Trust Fund unless (subject to Section 10.01(f)) it
shall have obtained or been  furnished  with an Opinion of Counsel,  which shall
not be a cost  of the  Trustee  or the  Trust  Fund,  to the  effect  that  such
contribution  will not (i) cause any portion of the applicable  REMIC to fail to
qualify as a REMIC at any time that any  Certificates  are  outstanding  or (ii)
cause  the  Trust  Fund to be  subject  to any  federal  tax as a result of such
contribution  (including  the  imposition  of any  federal  tax  on  "prohibited
transactions" imposed under Section 860F(a) of the Code).

Section 8.03.  Trustee Not Liable for Certificates or Mortgage Loans.

        The recitals  contained herein and in the  Certificates  (other than the
execution of the  Certificates and relating to the acceptance and receipt of the
Mortgage  Loans) shall be taken as the statements of the Company or the Servicer
as the  case  may be,  and the  Trustee  assumes  no  responsibility  for  their
correctness.  The  Trustee  makes  no  representations  as to  the  validity  or
sufficiency  of  this  Agreement  or  of  the  Certificates   (except  that  the
Certificates  shall be duly and  validly  executed  and  authenticated  by it as
Certificate  Registrar) or of any Mortgage Loan or related document , or of MERS

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or the MERS(R) System.  Except as otherwise  provided herein,  the Trustee shall
not be accountable  for the use or application by the Company or the Servicer of
any of the Certificates or of the proceeds of such Certificates,  or for the use
or  application  of any funds paid to the Company or the  Servicer in respect of
the Mortgage  Loans or deposited in or withdrawn  from the Custodial  Account or
the Payment Account by the Company or the Servicer.

Section 8.04.  Trustee May Own Certificates.

        The Trustee in its individual or any other capacity may become the owner
or pledgee  of  Certificates  with the same  rights it would have if it were not
Trustee.

Section 8.05.  Servicer to Pay Trustee's Fees and Expenses; Indemnification.

(a) The  Servicer  shall pay the  Trustee's  fees  hereunder  pursuant  to a fee
agreement to be entered into between the Servicer and the Trustee.

(b) The Servicer  agrees to  indemnify  the Trustee for, and to hold the Trustee
harmless against,  any loss, liability or expense incurred without negligence or
willful misconduct on the Trustee's part, arising out of, or in connection with,
the acceptance  and  administration  of the Trust Fund,  including the costs and
expenses  (including  reasonable  legal fees and  expenses) of defending  itself
against any claim in connection  with the exercise or  performance of any of its
powers or duties under this  Agreement  and the  Custodial  Agreement,  provided
that:

(i)            with respect to any such claim,  the Trustee shall have given the
               Servicer  written notice thereof promptly after the Trustee shall
               have actual knowledge thereof;

(ii)           while maintaining control over its own defense, the Trustee shall
               cooperate and consult  fully with the Servicer in preparing  such
               defense; and

(iii)          notwithstanding  anything in this Agreement to the contrary,  the
               Servicer  shall not be liable for  settlement of any claim by the
               Trustee  entered into  without the prior  consent of the Servicer
               which consent shall not be unreasonably withheld.

No termination of this Agreement  shall affect the  obligations  created by this
Section  8.05(b) of the Servicer to indemnify the Trustee  under the  conditions
and to the extent set forth herein.

        Notwithstanding  the  foregoing,  the  indemnification  provided  by the
Servicer in this  Section  8.05(b)  shall not pertain to any loss,  liability or
expense of the Trustee,  including  the costs and  expenses of defending  itself
against any claim,  incurred in connection with any actions taken by the Trustee
at the  direction  of the  Certificateholders  pursuant  to the  terms  of  this
Agreement.

Section 8.06.  Eligibility Requirements for Trustee.

        The Trustee  hereunder shall at all times be a corporation or a national
banking  association  having its principal office in a state and city acceptable
to the Company and organized and doing  business under the laws of such state or
the United States of America,  authorized under such laws to exercise  corporate
trust powers,  having a combined capital and surplus of at least $50,000,000 and
subject to supervision or  examination  by federal or state  authority.  If such
corporation or national banking  association  publishes  reports of condition at

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least  annually,  pursuant  to  law  or to the  requirements  of  the  aforesaid
supervising  or examining  authority,  then for the purposes of this Section the
combined  capital  and  surplus  of such  corporation  shall be deemed to be its
combined capital and surplus as set forth in its most recent report of condition
so  published.  In case at any time the  Trustee  shall  cease to be eligible in
accordance  with the  provisions  of this  Section,  the  Trustee  shall  resign
immediately in the manner and with the effect specified in Section 8.07.

Section 8.07.  Resignation and Removal of the Trustee.

(a) The Trustee may at any time resign and be discharged  from the trusts hereby
created by giving  written  notice  thereof to the Company.  Upon receiving such
notice of resignation, the Company shall promptly appoint a successor trustee by
written  instrument,  in  duplicate,  one  copy of  which  instrument  shall  be
delivered to the resigning Trustee and one copy to the successor trustee.  If no
successor  trustee shall have been so appointed  and have  accepted  appointment
within 30 days after the giving of such  notice of  resignation,  the  resigning
Trustee may petition any court of competent  jurisdiction for the appointment of
a successor trustee.

(b) If at any time the Trustee shall cease to be eligible in accordance with the
provisions  of  Section  8.06 and shall  fail to resign  after  written  request
therefor by the Company, or if at any time the Trustee shall become incapable of
acting, or shall be adjudged bankrupt or insolvent, or a receiver of the Trustee
or of its property  shall be appointed,  or any public officer shall take charge
or  control of the  Trustee or of its  property  or affairs  for the  purpose of
rehabilitation,  conservation  or  liquidation,  then the Company may remove the
Trustee and appoint a successor trustee by written instrument, in duplicate, one
copy of which  instrument  shall be  delivered to the Trustee so removed and one
copy to the  successor  trustee.  In  addition,  in the event  that the  Company
determines  that  the  Trustee  has  failed  (i) to  distribute  or  cause to be
distributed  to the  Certificateholders  any amount  required to be  distributed
hereunder, if such amount is held by the Trustee or its Paying Agent (other than
the Servicer or the Company) for  distribution  or (ii) to otherwise  observe or
perform in any material respect any of its covenants,  agreements or obligations
hereunder, and such failure shall continue unremedied for a period of 5 days (in
respect of clause (i) above) or 30 days (in respect of clause (ii) above)  after
the date on which  written  notice of such failure,  requiring  that the same be
remedied,  shall have been given to the Trustee by the Company, then the Company
may remove the Trustee and  appoint a  successor  trustee by written  instrument
delivered  as  provided  in the  preceding  sentence.  In  connection  with  the
appointment  of a successor  trustee  pursuant to the  preceding  sentence,  the
Company  shall,  on or  before  the date on which any such  appointment  becomes
effective,  obtain  from  each  Rating  Agency  written  confirmation  that  the
appointment  of any such  successor  trustee will not result in the reduction of
the  ratings  on any  class of the  Certificates  below  the  lesser of the then
current or original ratings on such Certificates.

(c) The Holders of  Certificates  entitled to at least 51% of the Voting  Rights
may at any time remove the  Trustee  and appoint a successor  trustee by written
instrument  or  instruments,  in  triplicate,  signed by such  Holders  or their
attorneys-in-fact  duly authorized,  one complete set of which instruments shall
be delivered to the Company,  one complete set to the Trustee so removed and one
complete set to the successor so appointed.

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(d) Any  resignation  or removal of the Trustee and  appointment  of a successor
trustee pursuant to any of the provisions of this Section shall become effective
upon  acceptance of appointment by the successor  trustee as provided in Section
8.08.

Section 8.08.  Successor Trustee.

(a) Any successor  trustee  appointed as provided in Section 8.07 shall execute,
acknowledge  and  deliver  to the  Company  and to its  predecessor  trustee  an
instrument accepting such appointment  hereunder,  and thereupon the resignation
or removal of the predecessor  trustee shall become effective and such successor
trustee shall become effective and such successor  trustee,  without any further
act, deed or conveyance,  shall become fully vested with all the rights, powers,
duties and obligations of its predecessor hereunder,  with the like effect as if
originally named as trustee herein. The predecessor trustee shall deliver to the
successor  trustee all Mortgage Files and related  documents and statements held
by it hereunder  (other than any Mortgage Files at the time held by a Custodian,
which  shall  become  the agent of any  successor  trustee  hereunder),  and the
Company, the Servicer and the predecessor trustee shall execute and deliver such
instruments  and do such other  things as may  reasonably  be required  for more
fully and certainly  vesting and  confirming  in the successor  trustee all such
rights, powers, duties and obligations.

(b) No successor  trustee shall accept  appointment  as provided in this Section
unless at the time of such acceptance  such successor  trustee shall be eligible
under the provisions of Section 8.06.

(c) Upon  acceptance of appointment  by a successor  trustee as provided in this
Section,  the  Company  shall  mail  notice of the  succession  of such  trustee
hereunder  to all Holders of  Certificates  at their  addresses  as shown in the
Certificate  Register.  If the Company  fails to mail such notice within 10 days
after acceptance of appointment by the successor trustee,  the successor trustee
shall cause such notice to be mailed at the expense of the Company.

Section 8.09.  Merger or Consolidation of Trustee.

        Any corporation or national  banking  association into which the Trustee
may be  merged  or  converted  or  with  which  it may  be  consolidated  or any
corporation  or  national  banking   association   resulting  from  any  merger,
conversion  or  consolidation  to which  the  Trustee  shall be a party,  or any
corporation or national  banking  association  succeeding to the business of the
Trustee,  shall  be  the  successor  of the  Trustee  hereunder,  provided  such
corporation  or  national  banking  association  shall  be  eligible  under  the
provisions of Section 8.06,  without the execution or filing of any paper or any
further act on the part of any of the  parties  hereto,  anything  herein to the
contrary  notwithstanding.  The Trustee  shall mail notice of any such merger or
consolidation  to the  Certificateholders  at  their  address  as  shown  in the
Certificate Register.

Section 8.10.  Appointment of Co-Trustee or Separate Trustee.

(a) Notwithstanding any other provisions hereof, at any time, for the purpose of
meeting  any legal  requirements  of any  jurisdiction  in which any part of the
Trust  Fund or  property  securing  the  same may at the  time be  located,  the
Servicer and the Trustee  acting  jointly shall have the power and shall execute
and  deliver all  instruments  to appoint  one or more  Persons  approved by the
Trustee to act as  co-trustee  or  co-trustees,  jointly  with the  Trustee,  or

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separate trustee or separate trustees, of all or any part of the Trust Fund, and
to vest in such Person or  Persons,  in such  capacity,  such title to the Trust
Fund, or any part thereof,  and, subject to the other provisions of this Section
8.10, such powers,  duties,  obligations,  rights and trusts as the Servicer and
the Trustee may consider necessary or desirable.  If the Servicer shall not have
joined in such  appointment  within 15 days after the receipt by it of a request
so to do, or in case an Event of Default shall have occurred and be  continuing,
the Trustee alone shall have the power to make such  appointment.  No co-trustee
or separate trustee hereunder shall be required to meet the terms of eligibility
as a successor  trustee under Section 8.06 hereunder and no notice to Holders of
Certificates of the appointment of co-trustee(s) or separate trustee(s) shall be
required under Section 8.08 hereof.

(b) In the case of any appointment of a co-trustee or separate  trustee pursuant
to this Section 8.10 all rights,  powers,  duties and  obligations  conferred or
imposed upon the Trustee  shall be  conferred  or imposed upon and  exercised or
performed by the  Trustee,  and such  separate  trustee or  co-trustee  jointly,
except  to the  extent  that  under  any law of any  jurisdiction  in which  any
particular act or acts are to be performed  (whether as Trustee  hereunder or as
successor  to the  Servicer  hereunder),  the Trustee  shall be  incompetent  or
unqualified  to perform such act or acts,  in which event such  rights,  powers,
duties and obligations  (including the holding of title to the Trust Fund or any
portion  thereof in any such  jurisdiction)  shall be exercised and performed by
such separate trustee or co-trustee at the direction of the Trustee.

(c) Any notice, request or other writing given to the Trustee shall be deemed to
have  been  given to each of the then  separate  trustees  and  co-trustees,  as
effectively  as if  given  to each of  them.  Every  instrument  appointing  any
separate  trustee or co-trustee shall refer to this Agreement and the conditions
of this Article VIII. Each separate trustee and co-trustee,  upon its acceptance
of the trusts conferred,  shall be vested with the estates or property specified
in its instrument of appointment, either jointly with the Trustee or separately,
as may be provided  therein,  subject to all the  provisions of this  Agreement,
specifically including every provision of this Agreement relating to the conduct
of, affecting the liability of, or affording  protection to, the Trustee.  Every
such instrument shall be filed with the Trustee.

(d) Any separate trustee or co-trustee may, at any time, constitute the Trustee,
its agent or attorney-in-fact,  with full power and authority, to the extent not
prohibited by law, to do any lawful act under or in respect of this Agreement on
its behalf and in its name.  If any separate  trustee or  co-trustee  shall die,
become  incapable  of  acting,  resign  or  be  removed,  all  of  its  estates,
properties,  rights,  remedies  and trusts shall vest in and be exercised by the
Trustee,  to the extent  permitted by law,  without the  appointment of a new or
successor trustee.

Section 8.11.  Appointment of Custodians.

        The Trustee  may,  with the  consent of the  Servicer  and the  Company,
appoint one or more  Custodians  who,  except for Escrow Bank USA, an industrial
loan  corporation  organized  under  the  laws of the  State  of  Utah,  are not
Affiliates  of the Company,  the Servicer or the Seller to hold all or a portion
of the  Mortgage  Files as agent for the Trustee,  by entering  into a Custodial
Agreement;  provided,  however, that the Trustee may appoint a Custodian that is
an Affiliate of the Company,  the Servicer or the Seller if the Trustee receives
written  confirmation  from each Rating  Agency that such  appointment  will not
reduce the rating  assigned to any Class of  Certificates  by such Rating Agency

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(without  giving  effect  to the  Ambac  Policy  in  the  case  of  the  Insured
Certificates)  below the lower of the then-current rating or the rating assigned
to such  Certificates  as of the Closing Date by such Rating Agency.  Subject to
Article  VIII,  the Trustee  agrees to comply  with the terms of each  Custodial
Agreement and to enforce the terms and provisions  thereof against the Custodian
for the benefit of the Certificateholders.  Each Custodian shall be a depository
institution  subject to supervision  by federal or state  authority and shall be
qualified  to do business  in the  jurisdiction  in which it holds any  Mortgage
File. Each Custodian (other than the Custodian appointed as of the Closing Date)
shall  have a  combined  capital  and  surplus  of at  least  $10,000,000.  Each
Custodial  Agreement  may be amended  only as  provided  in Section  12.01.  The
Trustee shall notify the  Certificateholders of the appointment of any Custodian
(other than the  Custodian  appointed as of the Closing  Date)  pursuant to this
Section 8.11.

Section 8.12.  Appointment of Office or Agency.

        The Trustee will maintain an office or agency in the City of Minneapolis
where  Certificates may be surrendered for registration of transfer or exchange.
The Trustee  initially  designates  its offices  located at Wells Fargo  Center,
Sixth and  Marquette,  Minneapolis,  Minnesota  55479-1026  for the  purposes of
keeping the Certificate Register. The Trustee will maintain an office at each of
the  addresses  stated in Section  12.05 hereof where  notices and demands to or
upon the Trustee in respect of this Agreement may be served.

                                   ARTICLE IX

                                   TERMINATION

Section  9.01.  Termination  Upon  Purchase  by the  Servicer  or the Company or
Liquidation of All Mortgage Loans.

(a) Subject to Section 9.02, the respective  obligations and responsibilities of
the  Company,  the  Servicer  and the Trustee  created  hereby in respect of the
Certificates  (other than the obligation of the Trustee to make certain payments
after the Final  Distribution Date to  Certificateholders  and the obligation of
the Company to send certain  notices as hereinafter  set forth) shall  terminate
upon  the  last  action  required  to be  taken  by the  Trustee  on  the  Final
Distribution Date pursuant to this Article IX following the earlier of:

(i)  the later of the final  payment or other  liquidation  (or any Advance with
     respect  thereto) of the last Mortgage Loan  remaining in the Trust Fund or
     the disposition of all property  acquired upon  foreclosure or deed in lieu
     of foreclosure of any Mortgage Loan, or

(ii) the  purchase  by the  Servicer  of all  Mortgage  Loans  and all  property
     acquired in respect of any Mortgage  Loan  remaining in the Trust Fund at a
     price equal to 100% of the unpaid  principal  balance of each Mortgage Loan
     or,  the fair  market  value of the  related  underlying  property  of such
     Mortgage  Loan with  respect to  Mortgage  Loans as to which title has been
     acquired  if such fair  market  value is less than  such  unpaid  principal
     balance (net of any unreimbursed Advances attributable to principal) on the
     day of repurchase  plus accrued  interest  thereon at the Net Mortgage Rate

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     (or Modified Net Mortgage Rate in the case of any Modified  Mortgage  Loan)
     to, but not including,  the first day of the month in which such repurchase
     price is distributed,  provided,  however, that in no event shall the trust
     created hereby continue beyond the expiration of 21 years from the death of
     the last  survivor  of the  descendants  of  Joseph  P.  Kennedy,  the late
     ambassador of the United  States to the Court of St.  James,  living on the
     date hereof and provided  further  that the purchase  price set forth above
     shall be increased as is necessary, as determined by the Servicer, to avoid
     disqualification of any portion of either REMIC as a REMIC.

        The right of the  Servicer to purchase  all the assets of the Trust Fund
pursuant to clause  (ii) above is  conditioned  upon the Pool  Stated  Principal
Balance  as  of  the  Final   Distribution  Date,  prior  to  giving  effect  to
distributions to be made on such Distribution  Date, being less than ten percent
of the Cut-off Date Principal  Balance of the Mortgage  Loans.  If such right is
exercised by the Servicer,  the Servicer shall be deemed to have been reimbursed
for the full amount of any  unreimbursed  Advances  theretofore  made by it with
respect to the Mortgage Loans. In addition,  the Servicer,  shall provide to the
Trustee  the  certification  required  by Section  3.15 and the  Trustee and any
Custodian shall,  promptly  following payment of the purchase price,  release to
the Servicer, as applicable, the Mortgage Files pertaining to the Mortgage Loans
being purchased.

(b) The  Servicer  shall give the Trustee not less than 60 days' prior notice of
the  Distribution  Date  on  which  the  Servicer  anticipates  that  the  final
distribution  will be made to  Certificateholders  (whether  as a result  of the
exercise by the  Servicer of its right to purchase  the assets of the Trust Fund
or  otherwise).  Notice of any  termination,  specifying the  anticipated  Final
Distribution  Date (which shall be a date that would otherwise be a Distribution
Date) upon which the  Certificateholders may surrender their Certificates to the
Trustee  (if  so  required  by the  terms  hereof)  for  payment  of  the  final
distribution and cancellation, shall be given promptly by the Servicer (if it is
exercising  its right to  purchase  the  assets of the  Trust  Fund),  or by the
Trustee  (in any  other  case) by letter to the  Certificateholders  mailed  not
earlier  than the 15th day and not  later  than the 25th day of the  month  next
preceding the month of such final distribution specifying:

(i)  the  anticipated  Final  Distribution  Date upon which final payment of the
     Certificates is anticipated to be made upon  presentation  and surrender of
     Certificates at the office or agency of the Trustee therein designated,

(ii) the amount of any such final payment, if known, and

(iii)that the Record Date otherwise  applicable to such Distribution Date is not
     applicable,  and in the  case  of  the  Senior  Certificates  and  Class  M
     Certificates,  that  payment  will  be  made  only  upon  presentation  and
     surrender  of the  Certificates  at the  office or  agency  of the  Trustee
     therein specified.

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If the Servicer is obligated to give notice to  Certificateholders as aforesaid,
it shall give such notice to the  Certificate  Registrar at the time such notice
is  given  to  Certificateholders.  In the  event  such  notice  is given by the
Servicer,  the Servicer  shall deposit in the Payment  Account  before the Final
Distribution Date in immediately available funds an amount equal to the purchase
price for the assets of the Trust Fund computed as above provided.

(c)  In  the  case  of  the  Senior,  Class  M or  Class  B  Certificates,  upon
presentation  and  surrender  of  the  Certificates  by  the  Certificateholders
thereof, the Trustee shall distribute to the  Certificateholders  (i) the amount
otherwise distributable on such Distribution Date, if not in connection with the
Servicer's  election  to  repurchase,  or (ii)  if the  Servicer  elected  to so
repurchase,   an  amount  determined  as  follows:  (A)  with  respect  to  each
Certificate the outstanding  Certificate Principal Balance thereof, plus Accrued
Certificate  Interest for the related  Interest  Accrual  Period thereon and any
previously  unpaid  Accrued  Certificate  Interest,  subject to the priority set
forth in Section 4.02(a) and any Prepayment Interest Shortfalls allocated to the
Insured  Certificates  to the extent  covered by the Insured  Reserve  Fund or a
Guaranteed Distribution,  and (B) with respect to the Class R Certificates,  any
excess of the amounts available for distribution (including the repurchase price
specified  in clause  (ii) of  subsection  (a) of this  Section)  over the total
amount distributed under the immediately preceding clause (A).

(d) If any  Certificateholders  shall not surrender their Certificates for final
payment  and  cancellation  on or  before  the  Final  Distribution  Date (if so
required by the terms hereof), the Trustee shall on such date cause all funds in
the Payment Account not distributed in final distribution to  Certificateholders
to be withdrawn  therefrom and credited to the remaining  Certificateholders  by
depositing  such  funds in a separate  escrow  account  for the  benefit of such
Certificateholders,  and the Servicer (if it exercised its right to purchase the
assets of the Trust  Fund),  or the  Trustee  (in any other  case)  shall give a
second written  notice to the remaining  Certificateholders  to surrender  their
Certificates for cancellation  and receive the final  distribution  with respect
thereto.  If within six months after the second notice any Certificate shall not
have been surrendered for cancellation, the Trustee shall take appropriate steps
as  directed  by  the  Servicer  to  contact  the  remaining  Certificateholders
concerning   surrender  of  their  Certificates.   The  costs  and  expenses  of
maintaining  the escrow  account and of contacting  Certificateholders  shall be
paid out of the assets which remain in the escrow account. If within nine months
after the second notice any  Certificates  shall not have been  surrendered  for
cancellation, the Trustee shall pay to the Servicer all amounts distributable to
the holders  thereof and the Servicer shall  thereafter  hold such amounts until
distributed  to such  holders.  No  interest  shall  accrue or be payable to any
Certificateholder on any amount held in the escrow account or by the Servicer as
a result of such Certificateholder's failure to surrender its Certificate(s) for
final payment thereof in accordance with this Section 9.01.

Section 9.02.  Additional Termination Requirements.

(a) Each REMIC that  comprises  the Trust Fund shall be terminated in accordance
with the following additional requirements, unless (subject to Section 10.01(f))
the Trustee and the Servicer have received an Opinion of Counsel  (which Opinion
of  Counsel  shall not be an  expense of the  Trustee)  to the  effect  that the
failure of either  REMIC to comply with the  requirements  of this  Section 9.02
will not (i) result in the  imposition on the Trust Fund of taxes on "prohibited

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transactions,"  as  described  in  Section  860F of the Code,  or (ii) cause the
either REMIC to fail to qualify as a REMIC at any time that any  Certificate  is
outstanding:

(i)            The Servicer shall establish a 90-day liquidation period for such
               REMIC and  specify  the first day of such  period in a  statement
               attached  to the  Trust  Fund's  final  Tax  Return  pursuant  to
               Treasury  regulations  Section 1.860F-1.  The Servicer also shall
               satisfy all of the requirements of a qualified  liquidation for a
               REMIC under Section 860F of the Code and regulations thereunder;

(ii)           The Servicer shall notify the Trustee at the commencement of such
               90-day  liquidation period and, at or prior to the time of making
               of the final payment on the Certificates,  the Trustee shall sell
               or otherwise  dispose of all of the remaining assets of the Trust
               Fund in accordance with the terms hereof; and
(iii)          If the Servicer is exercising its right to purchase the assets of
               the Trust Fund, the Servicer shall, during the 90-day liquidation
               period and at or prior to the Final Distribution  Date,  purchase
               all of the assets of the Trust Fund for cash.

(b) Each Holder of a Certificate and the Trustee hereby irrevocably approves and
appoints  the  Servicer  as its  attorney-in-fact  to  adopt a plan of  complete
liquidation  for such REMIC at the expense of the Trust Fund in accordance  with
the terms and conditions of this Agreement.

                                   ARTICLE X

                                REMIC PROVISIONS

Section 10.01. REMIC Administration.

(a) The REMIC  Administrator  shall make an  election to treat the Trust Fund as
two REMICs under the Code and, if  necessary,  under  applicable  state law. The
assets of each REMIC are set forth in this Agreement. Such election will be made
on Form 1066 or other appropriate  federal tax or information  return (including
Form 8811) or any  appropriate  state  return for the taxable year ending on the
last day of the  calendar  year in which the  Certificates  are issued.  For the
purposes of the REMIC elections in respect of the Trust Fund,  Certificates  and
interests  to be  designated  as the "regular  interests"  and the sole class of
"residual interests" in each REMIC will be set forth in Section 10.03. The REMIC
Administrator  and the Trustee shall not permit the creation of any  "interests"
(within  the  meaning  of  Section  860G of the Code) in each  REMIC  elected in
respect  of the Trust  Fund other than the  "regular  interests"  and  "residual
interests" so designated.

(b) The Closing Date is hereby designated as the "startup day" of the Trust Fund
within the meaning of Section 860G(a)(9) of the Code.

(c) GMAC Mortgage  Corporation  shall hold a Class R Certificate  representing a
0.01% Percentage Interest in each Class of the Class R Certificates and shall be
designated as "the tax matters  person" with respect to each REMIC in the manner
provided under Treasury regulations section 1.860F-4(d) and Treasury regulations
section 301.6231(a)(7)-1.  The REMIC Administrator, as tax matters person, shall

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(i) act on behalf of each REMIC in  relation  to any tax  matter or  controversy
involving the Trust Fund and (ii) represent the Trust Fund in any administrative
or judicial  proceeding  relating to an examination or audit by any governmental
taxing authority with respect  thereto.  The legal expenses,  including  without
limitation attorneys' or accountants' fees, and costs of any such proceeding and
any liability  resulting  therefrom  shall be expenses of the Trust Fund and the
REMIC Administrator  shall be entitled to reimbursement  therefor out of amounts
attributable  to the  Mortgage  Loans on  deposit  in the  Custodial  Account as
provided by Section  3.10 unless such legal  expenses  and costs are incurred by
reason  of the REMIC  Administrator's  willful  misfeasance,  bad faith or gross
negligence.

(d) The REMIC Administrator shall prepare or cause to be prepared all of the Tax
Returns  that it  determines  are required  with  respect to each REMIC  created
hereunder and deliver such Tax Returns in a timely manner to the Trustee and the
Trustee shall sign and file such Tax Returns in a timely manner. The expenses of
preparing  such returns  shall be borne by the REMIC  Administrator  without any
right of reimbursement therefor. The REMIC Administrator agrees to indemnify and
hold harmless the Trustee with respect to any tax or liability  arising from the
Trustee's  signing of Tax Returns that contain errors or omissions.  The Trustee
and  Servicer  shall  promptly  provide  the  REMIC   Administrator   with  such
information  as the REMIC  Administrator  may from time to time  request for the
purpose of enabling the REMIC Administrator to prepare Tax Returns.

(e) The REMIC  Administrator  shall  provide (i) to any  Transferor of a Class R
Certificate  such  information  as is necessary for the  application  of any tax
relating  to the  transfer of a Class R  Certificate  to any Person who is not a
Permitted Transferee,  (ii) to the Trustee, and the Trustee shall forward to the
Certificateholders,  such  information or reports as are required by the Code or
the REMIC  Provisions  including  reports  relating to interest,  original issue
discount and market  discount or premium (using the Prepayment  Assumption)  and
(iii) to the Internal  Revenue  Service the name,  title,  address and telephone
number of the person who will serve as the representative of each REMIC.

(f) The Servicer and the REMIC  Administrator  shall take such actions and shall
cause each REMIC created hereunder to take such actions as are reasonably within
the Servicer's or the REMIC Administrator's  control and the scope of its duties
more  specifically  set  forth  herein as shall be  necessary  or  desirable  to
maintain the status of each REMIC as a REMIC under the REMIC Provisions (and the
Trustee  shall assist the Servicer  and the REMIC  Administrator,  to the extent
reasonably  requested by the Servicer and the REMIC Administrator to do so). The
Servicer and the REMIC  Administrator  shall not knowingly or intentionally take
any action,  cause the Trust Fund to take any action or fail to take (or fail to
cause to be taken) any action reasonably  within their respective  control that,
under the REMIC Provisions, if taken or not taken, as the case may be, could (i)
endanger  the status of any portion of either REMIC as a REMIC or (ii) result in
the imposition of a tax upon either REMIC  (including but not limited to the tax
on prohibited  transactions as defined in Section 860F(a)(2) of the Code and the
tax on  contributions  to a REMIC  set  forth in  Section  860G(d)  of the Code)
(either   such  event,   in  the  absence  of  an  Opinion  of  Counsel  or  the
indemnification  referred to in this sentence,  an "Adverse REMIC Event") unless
the Servicer or the REMIC Administrator,  as applicable, has received an Opinion

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of Counsel (at the expense of the party  seeking to take such action or, if such
party fails to pay such expense, and the Servicer or the REMIC Administrator, as
applicable,  determines  that taking such action is in the best  interest of the
Trust Fund and the Certificateholders,  at the expense of the Trust Fund, but in
no event at the expense of the Servicer, the REMIC Administrator or the Trustee)
to the effect that the contemplated  action will not, with respect to each REMIC
created  hereunder,  endanger  such status or,  unless the  Servicer,  the REMIC
Administrator or both, as applicable,  determine in its or their sole discretion
to indemnify the Trust Fund against the imposition of such a tax,  result in the
imposition of such a tax.  Wherever in this Agreement a contemplated  action may
not be taken because the timing of such action might result in the imposition of
a tax on the Trust Fund, or may only be taken  pursuant to an Opinion of Counsel
that such  action  would not  impose a tax on the Trust  Fund,  such  action may
nonetheless be taken provided that the indemnity given in the preceding sentence
with respect to any taxes that might be imposed on the Trust Fund has been given
and  that all  other  preconditions  to the  taking  of such  action  have  been
satisfied. The Trustee shall not take or fail to take any action (whether or not
authorized  hereunder) as to which the Servicer or the REMIC  Administrator,  as
applicable, has advised it in writing that it has received an Opinion of Counsel
to the effect  that an Adverse  REMIC  Event  could  occur with  respect to such
action.  In  addition,  prior to taking any action with  respect to either REMIC
created hereunder or any related assets thereof, or causing either REMIC to take
any action,  which is not expressly permitted under the terms of this Agreement,
the  Trustee  will  consult  with the  Servicer or the REMIC  Administrator,  as
applicable,  or its  designee,  in writing,  with respect to whether such action
could cause an Adverse  REMIC Event to occur with respect to either  REMIC,  and
the  Trustee  shall not take any such action or cause  either  REMIC to take any
such action as to which the Servicer or the REMIC Administrator,  as applicable,
has advised it in writing that an Adverse REMIC Event could occur.  The Servicer
or the REMIC Administrator, as applicable, may consult with counsel to make such
written advice, and the cost of same shall be borne by the party seeking to take
the action not  expressly  permitted by this  Agreement,  but in no event at the
expense  of the  Servicer  or the  REMIC  Administrator.  At all times as may be
required by the Code, the Servicer will to the extent within its control and the
scope of its duties more specifically set forth herein,  maintain  substantially
all of the assets of each REMIC created  hereunder as  "qualified  mortgages" as
defined in Section 860G(a)(3) of the Code and "permitted investments" as defined
in Section 860G(a)(5) of the Code.

(g) In the event that any tax is imposed on "prohibited  transactions" of either
REMIC  created  hereunder as defined in Section  860F(a)(2) of the Code, on "net
income from foreclosure  property" of either REMIC as defined in Section 860G(c)
of the Code, on any contributions to either REMIC after the Startup Day therefor
pursuant to Section 860G(d) of the Code, or any other tax is imposed by the Code
or any  applicable  provisions  of state or local  tax  laws,  such tax shall be
charged (i) to the Servicer,  if such tax arises out of or results from a breach
by the Servicer of any of its  obligations  under this Agreement or the Servicer
has in its sole  discretion  determined to indemnify the Trust Fund against such
tax, (ii) to the Trustee,  if such tax arises out of or results from a breach by
the Trustee of any of its  obligations  under this Article X, or (iii) otherwise
against amounts on deposit in the Custodial  Account as provided by Section 3.10
and on the Distribution  Date(s)  following such  reimbursement the aggregate of
such taxes shall be allocated in reduction of the Accrued  Certificate  Interest
on each Class entitled thereto in the same manner as if such taxes constituted a
Prepayment Interest Shortfall.

                                        1113

<PAGE>

(h) The  Trustee  and the  Servicer  shall,  for  federal  income tax  purposes,
maintain  books and records  with respect to each REMIC  created  hereunder on a
calendar  year and on an accrual  basis or as  otherwise  may be required by the
REMIC Provisions.

(i) Following the Startup Day, neither the Servicer nor the Trustee shall accept
any contributions of assets to either REMIC created hereunder unless (subject to
Section 10.01(f)) the Servicer and the Trustee shall have received an Opinion of
Counsel (at the expense of the party seeking to make such  contribution)  to the
effect that the  inclusion  of such  assets in such REMIC will not cause  either
REMIC  to fail to  qualify  as a REMIC at any time  that  any  Certificates  are
outstanding  or subject  either REMIC to any tax under the REMIC  Provisions  or
other applicable provisions of federal, state and local law or ordinances.

(j) Neither the Servicer  nor the Trustee  shall  (subject to Section  10.01(f))
enter into any arrangement by which either REMIC created  hereunder will receive
a fee or other  compensation for services nor permit either REMIC to receive any
income  from  assets  other  than  "qualified  mortgages"  as defined in Section
860G(a)(3)  of the  Code  or  "permitted  investments"  as  defined  in  Section
860G(a)(5) of the Code.

(k)  Solely for the  purposes  of Section  1.860G-1(a)(4)(iii)  of the  Treasury
Regulations,  the  "latest  possible  maturity  date" by which  the  Certificate
Principal Balance of each Class of Certificates (other than the Interest Only IO
Certificates)  representing a regular  interest in the applicable  REMIC and the
rights to the Interest Only Certificates represented by the Class IO Certificate
would be  reduced to zero is the  Maturity  Date for each such  Certificate  and
Interest.

(l) Within 30 days after the Closing Date, the REMIC Administrator shall prepare
and file with the Internal  Revenue Service Form 8811,  "Information  Return for
Real Estate Mortgage  Investment  Conduits (REMIC) and Issuers of Collateralized
Debt Obligations" for each REMIC created hereunder.

(m) Neither the Trustee nor the Servicer  shall sell,  dispose of or  substitute
for any of the  Mortgage  Loans  (except  in  connection  with (i) the  default,
imminent  default or foreclosure  of a Mortgage Loan,  including but not limited
to, the acquisition or sale of a Mortgaged  Property acquired by deed in lieu of
foreclosure,  (ii) the bankruptcy of either REMIC created  hereunder,  (iii) the
termination of the applicable  REMIC pursuant to Article IX of this Agreement or
(iv) a  purchase  of  Mortgage  Loans  pursuant  to  Article  II or III of  this
Agreement)  nor acquire any assets for either REMIC,  nor sell or dispose of any
investments in the Custodial  Account or the Payment Account for gain nor accept
any  contributions to either REMIC after the Closing Date unless it has received
an Opinion of Counsel that such sale,  disposition,  substitution or acquisition
will not (a)  affect  adversely  the  status of  either  REMIC as a REMIC or (b)
unless the Servicer has determined in its sole discretion to indemnify the Trust
Fund against such tax,  cause either REMIC to be subject to a tax on "prohibited
transactions" or "contributions" pursuant to the REMIC Provisions.

(n) The  Trustee  will  apply for an  employer  identification  number  from the
Internal Revenue Service on a Form SS-4 or any other  acceptable  method for all
tax entities.

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Section 10.02. Servicer, REMIC Administrator and Trustee Indemnification.

(a) The Trustee  agrees to  indemnify  the Trust Fund,  the  Company,  the REMIC
Administrator  and the  Servicer  for any  taxes and  costs  including,  without
limitation,  any  reasonable  attorneys fees imposed on or incurred by the Trust
Fund,  the  Company or the  Servicer,  as a result of a breach of the  Trustee's
covenants set forth in Article VIII or this Article X.

(b) The REMIC Administrator agrees to indemnify the Trust Fund, the Company, the
Servicer and the Trustee for any taxes and costs (including, without limitation,
any  reasonable  attorneys'  fees) imposed on or incurred by the Trust Fund, the
Company,  the  Servicer  or the  Trustee,  as a result  of a breach of the REMIC
Administrator's covenants set forth in this Article X with respect to compliance
with the REMIC Provisions,  including without limitation,  any penalties arising
from the Trustee's  execution of Tax Returns prepared by the REMIC Administrator
that contain errors or omissions;  provided,  however,  that such liability will
not be imposed to the extent  such breach is a result of an error or omission in
information  provided to the REMIC  Administrator  by the Servicer in which case
Section 10.02(c) will apply.

(c) The Servicer  agrees to  indemnify  the Trust Fund,  the Company,  the REMIC
Administrator  and the  Trustee  for any  taxes and  costs  (including,  without
limitation,  any reasonable attorneys' fees) imposed on or incurred by the Trust
Fund,  the Company,  the REMIC  Administrator  or the Trustee,  as a result of a
breach of the Servicer's covenants set forth in this Article X or in Article III
with  respect  to  compliance  with  the  REMIC  Provisions,  including  without
limitation,  any penalties  arising from the Trustee's  execution of Tax Returns
prepared by the Servicer that contain errors or omissions.

Section 10.03. Designation of REMIC(s).

        The REMIC  Administrator  will  make an  election  to treat  the  entire
segregated pool of assets described in the definition of Trust Fund, and subject
to this Agreement (including the Mortgage Loans) as a REMIC ("REMIC I") and will
make an election  to treat the pool of assets  comprised  of the  uncertificated
REMIC I  Regular  Interests  as a REMIC  ("REMIC  II") for  federal  income  tax
purposes.

        The REMIC I Regular Interests will be "regular interests" in REMIC I and
the Class R-I  Certificates  will be the sole class of "residual  interests"  in
REMIC I for  purposes  of the REMIC  Provisions  (as defined  herein)  under the
federal income tax law.

        The Class A-1,  Class A-2,  Class A-3,  Class A-4, Class A-5, Class A-6,
Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class A-12, Class A-13,
Class PO, Class IO, Class M-1,  Class M-2,  Class M-3,  Class B-1, Class B-2 and
Class B-3  Certificates,  will be "regular  interests"  in the REMIC II, and the
Class R-II Certificates will be the sole class of "residual  interests"  therein
for purposes of the REMIC  Provisions  (as defined  herein) under federal income
tax law.

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Section 10.04.  Distributions on  Uncertificated  REMIC I Regular  Interests and
REMIC II Regular Interests.

        (a)On each  Distribution  Date the Trustee shall be deemed to distribute
to itself, as the holder of the REMIC I Regular Interests, the following amounts
in the following  order of priority to the extent of the Available  Distribution
Amount reduced by distributions  made to the Class R-I Certificates  pursuant to
Section 4.02(a):

               (i) Uncertificated  Interest on the REMIC I Regular Interests for
        such  Distribution  Date,  plus  any  Uncertificated   Interest  thereon
        remaining unpaid from any previous Distribution Date; and

               (ii) In  accordance  with  the  priority  set  forth  in  Section
        10.04(b),  an  amount  equal to the sum of the  amounts  in  respect  of
        principal  distributable  on each Class of Certificates  (other than the
        Class R-I  Certificates)  under Section  4.02(a),  as allocated  thereto
        pursuant to Section 4.02(b).

        (b)The  amount  described  in  Section   10.04(a)(ii)  shall  be  deemed
distributed to (ii) REMIC I Regular  Interest LT1, (ii) REMIC I Regular Interest
LT2, (iii) REMIC I Regular  Interest LT3, (iv) REMIC I Regular Interest LT4, (v)
REMIC I Regular  Interest LT5, (vi) REMIC I Regular  Interest LT6, (vii) REMIC I
Regular Interest LTIO,  (viii) REMIC I Regular Interest LTPO, with the amount to
be distributed  allocated  among such interests in accordance  with the priority
assigned  to each  Related  Class of  Certificates  (other  than the  Class  R-I
Certificates),  respectively,  under Section  4.02(b)  until the  Uncertificated
Balance of each such interest is reduced to zero.

        (c)The  portion of the  Uncertificated  Interest  amounts  described  in
Section  10.04(a)(i)  shall  be  deemed  distributed  by  REMIC I to REMIC II in
accordance with the priority  assigned to the REMIC II Certificates  relative to
that assigned to the REMIC I Certificates under Section 4.02(a).

        (d)In  determining  from time to time the amounts  distributable  on the
REMIC I Regular Interests,:

               (i) Realized Losses allocated to the Class IO Certificates  under
        Section 4.05 shall be deemed  allocated to the REMIC I Regular  Interest
        LTIO;

               (ii) Realized Losses allocated to the Class PO Certificates under
        Section 4.05 shall be deemed allocated to REMIC I Regular Interest LTPO;

               (iii)  Realized  Losses  allocated to the Class A-3 and Class A-4
        Certificates  under  Section  4.05 shall be deemed  allocated to REMIC I
        Regular Interest LT3;

               (iv)  Realized  Losses  allocated  to the Class A-1,  Class A-12,
        Class A-13, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class
        B-3 and Class  R-II  Certificates  under  Section  4.05  shall be deemed
        allocated to REMIC I Regular Interest LT1; and

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               (v) Realized Losses allocated to the Class A-2 Certificates under
        Section 4.05 shall be deemed allocated to REMIC I Regular Interest LT2;

               (vi)  Realized  Losses  allocated  to the Class A-5 and Class A-6
        Certificates  under  Section  4.05 shall be deemed  allocated to REMIC I
        Regular Interest LT4;

               (vii) Realized  Losses  allocated to the Class A-7, Class A-9 and
        Class A-11 Certificates  under Section 4.05 shall be deemed allocated to
        REMIC I Regular Interest LT5;and

               (viii) Realized Losses  allocated to the Class A-8 and Class A-10
        Certificates  under  Section  4.05 shall be deemed  allocated to REMIC I
        Regular Interest LT6.

        (e) On each  Distribution Date the Trustee shall be deemed to distribute
from REMIC II, in the  priority  set forth in  Sections  4.02(a) and (b), to the
Holders of each Class of  Certificates  (other than the Class R-I  Certificates)
the amounts  distributable thereon from the amounts deemed to have been received
by REMIC II from REMIC I under this Section 10.04.

        (f)Notwithstanding  the deemed distributions on the Uncertificated REMIC
I Regular Interests described in this Section 10.04, distributions of funds from
the Certificate Account shall be made only in accordance with Section 4.02.

Section 10.05. Compliance with Withholding Requirements.

        Notwithstanding  any other provision of this  Agreement,  the Trustee or
any Paying  Agent,  as  applicable,  shall  comply with all federal  withholding
requirements  respecting payments to  Certificateholders,  including interest or
original  issue  discount  payments or advances  thereof that the Trustee or any
Paying Agent, as applicable,  reasonably believes are applicable under the Code.
The consent of Certificateholders shall not be required for such withholding. In
the event the Trustee or any Paying  Agent,  as  applicable,  does  withhold any
amount from interest or original issue discount  payments or advances thereof to
any Certificateholder pursuant to federal withholding requirements,  the Trustee
or any Paying Agent,  as applicable,  shall indicate the amount withheld to such
Certificateholder pursuant to the terms of such requirements.

                                   ARTICLE XI

                         CERTAIN MATTERS REGARDING AMBAC

Section 11.01. Rights of Ambac to Exercise Rights of Insured Certificateholders.

        By accepting its Certificate, each Insured Certificateholder agrees that
unless a Ambac  Default  exists,  Ambac  shall  have the right to  exercise  all
consent,   voting,   direction   and  other   control   rights  of  the  Insured
Certificateholders  under this  Agreement  without  any  further  consent of the
Insured Certificateholders.

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Section 11.02. Claims Upon the Ambac Policy; Ambac Policy Payments Account.

(a) If, on the Business Day next succeeding the Determination  Date, the Trustee
determines  that (i) the funds that will be on deposit in the Payment Account on
the related  Payment Account  Deposit Date, to the extent  distributable  to the
Insured  Certificateholders  pursuant to Section  4.02(a)(i),  together with any
Insured Reserve  Withdrawal for the related  Distribution Date, are insufficient
to pay the full amount of interest for the related  Interest  Accrual  Period on
the  Certificate  Principal  Balance of the Insured  Certificates at the related
Pass-Through  Rate (net of any  Prepayment  Interest  Shortfalls  or Relief  Act
Shortfalls  allocated to the Insured Certificates but only to the extent covered
by the Servicer pursuant to Section 3.16(e) or the Insured Reserve Fund) on such
Distribution  Date, (ii) the principal portion of any Realized Loss is allocated
to the  Insured  Certificates  on such  Distribution  Date or  (iii)  the  funds
available in connection with an optional  termination of the Trust Fund pursuant
to  Section  5.06 or  Section  9.01 or on the  Final  Distribution  Date will be
insufficient  to  reduce  the  Certificate  Principal  Balances  of the  Insured
Certificates  to zero, the Trustee shall give notice by telephone or telecopy of
the aggregate  amount of such  deficiency,  confirmed in writing in the form set
forth as  Exhibit A to the  endorsement  of the Ambac  Policy,  to Ambac,  at or
before  12:00  noon,  New York  City  time,  on the  Business  Day prior to such
Distribution  Date. If, subsequent to such notice, and prior to payment by Ambac
pursuant  to such  notice,  additional  amounts  are  deposited  in the  Payment
Account,  the Trustee shall  reasonably  promptly  notify Ambac and withdraw the
notice or reduce the amount claimed, as appropriate.

(b) The Trustee shall establish a separate special purpose trust account for the
benefit of Holders of the Insured  Certificates  and Ambac referred to herein as
the "Ambac Policy Payments  Account" over which the Trustee shall have exclusive
control and sole right of withdrawal.  The Trustee shall deposit any amount paid
under the Ambac Policy in the Ambac Policy Payments  Account and distribute such
amount only for  purposes of payment to Holders of Insured  Certificates  of the
Guaranteed  Distribution  for  which a claim was made.  Such  amount  may not be
applied to satisfy  any costs,  expenses or  liabilities  of the  Servicer,  the
Trustee  or the  Trust  Fund.  Amounts  paid  under the  Ambac  Policy  shall be
transferred  to the  Payment  Account  in  accordance  with the next  succeeding
paragraph and disbursed by the Trustee to Holders of  Certificates in accordance
with Section 4.02, Section 5.06(c) or Section 9.01(c),  as applicable.  It shall
not be  necessary  for such  payments  to be made by  checks  or wire  transfers
separate  from  the  checks  or  wire  transfers  used  to  pay  the  Guaranteed
Distribution  with other funds  available  to make such  payment.  However,  the
amount of any payment of principal of or interest on the Insured Certificates to
be paid from funds  transferred  from the Ambac Policy Payments Account shall be
noted as provided in paragraph (c) below and in the statement to be furnished to
Holders of the  Certificates  pursuant to Section 4.03.  Funds held in the Ambac
Policy Payments Account shall not be invested by the Trustee.

        On any  Distribution  Date with  respect  to which a claim has been made
under the Ambac  Policy,  the amount of any funds  received  by the Trustee as a
result of any claim under the Ambac Policy,  to the extent  required to make the
Guaranteed  Distribution on such  Distribution  Date shall be withdrawn from the
Ambac Policy  Payments  Account and deposited in the Payment Account and applied
by the Trustee,  together with the other funds to be  distributed to the Insured
Certificateholders  pursuant to Section 4.02, directly to the payment in full of
the Guaranteed Distribution due on the Insured Certificates. Any funds remaining

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in the Ambac  Policy  Payments  Account on the first  Business  Day  following a
Distribution  Date shall be remitted to Ambac,  pursuant to the  instructions of
Ambac, by the end of such Business Day.

(c) The  Trustee  shall keep a  complete  and  accurate  record of the amount of
interest and principal paid into the Ambac Policy Payments Account in respect of
any Insured Certificate from moneys received under the Ambac Policy. Ambac shall
have the right to  inspect  such  records  at  reasonable  times  during  normal
business hours upon two Business Day's prior notice to the Trustee.

Section 11.03. Effect of Payments by Ambac; Subrogation.

        Anything  herein to the contrary  notwithstanding,  for purposes of this
Section 11.03 only,  any payment with respect to principal of or interest on the
Insured Certificates which is made with monies received pursuant to the terms of
the Ambac Policy  shall not be  considered  payment of the Insured  Certificates
from the Trust Fund. The Servicer and the Trustee  acknowledge,  and each Holder
by its acceptance of an Insured  Certificate  agrees,  that without the need for
any  further  action on the part of Ambac,  the  Servicer,  the  Trustee  or the
Certificate  Registrar,  to  the  extent  Ambac  makes  payments,   directly  or
indirectly,  on account of principal of or interest on the Insured  Certificates
to the Holders of such Certificates, Ambac will be fully subrogated to, and each
Insured  Certificateholder,  the  Servicer and the Trustee  hereby  delegate and
assign to Ambac,  to the fullest  extent  permitted  by law,  the rights of such
Holders to receive such  principal  and interest  from the Trust Fund;  provided
that Ambac  shall be paid such  amounts  only from the sources and in the manner
explicitly provided for herein.

        The Trustee and the Servicer  shall  cooperate in all respects  with any
reasonable  request by Ambac for action to preserve or enforce Ambac's rights or
interests  under this  Agreement  without  limiting the rights or affecting  the
interests of the Holders as otherwise set forth herein.

Section  11.04.   Notices  and  Information  to  Ambac;  Ambac  as  Third  Party
     Beneficiary.

(a) All notices, statements,  reports, certificates or opinions required by this
Agreement  to be sent to any other  party  hereto  or to the  Certificateholders
shall also be sent to Ambac.

(b) The  Servicer  shall  designate a Person who shall be  available to Ambac to
provide  reasonable  access to information  regarding the Mortgage Loans and the
servicing practices and policies of the Servicer with respect thereto.

(c)     Ambac shall be a third party beneficiary of this Agreement.

Section 11.05. Trustee to Hold Ambac Policy.

        The Trustee will hold the Ambac Policy in trust as agent for the Insured
Certificateholders for the purpose of making claims thereon and distributing the
proceeds  thereof.  Neither the Ambac Policy,  nor the amounts paid on the Ambac
Policy will  constitute part of the Trust Fund or assets of either REMIC created
by this Agreement. Each Insured Certificateholder, by accepting its Certificate,
appoints the Trustee as attorney-in-fact for the purpose of making claims on the
Ambac  Policy.  The  Trustee  shall  surrender  the  Ambac  Policy  to Ambac for
cancellation  upon the expiration of the term of the Ambac Policy as provided in
the Ambac Policy  following the retirement of the Insured  Certificates.  To the

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extent that the Ambac Policy  constitutes a reserve fund for federal  income tax
purposes,  (1) it shall be an outside credit support  agreement and not an asset
of either  REMIC and (2) it shall be owned by Ambac,  all within the  meaning of
Section 1.860G-2(h) of the Treasury Regulations.

Section 11.06. Payment of Insurance Premium.

        Unless  otherwise  designated  in writing by the President or a Managing
Director of Ambac to the Trustee,  the Insurance  Premium to be paid pursuant to
Section  4.02(a) shall be paid by the Trustee to Ambac by wire transfer with the
following details specifically stated in the wire transfer:

                      Bank:  Citibank, N.A.
                      ABA Number:  021000089
                      For the account of:  Ambac Assurance Corporation
                      Account Number:  40609486
                      Policy Number:  AB0424BE

ARTICLE XII

                            MISCELLANEOUS PROVISIONS

Section 12.01. Amendment.

(a) This  Agreement or any Custodial  Agreement may be amended from time to time
by the Company, the Servicer and the Trustee,  without the consent of any of the
Certificateholders:

(i)     to cure any ambiguity,

(ii) to correct or supplement  any  provisions  herein or therein,  which may be
     inconsistent  with any other provisions herein or therein or to correct any
     error,

(iii)to modify,  eliminate  or add to any of its  provisions  to such  extent as
     shall be necessary or desirable to maintain the  qualification of the Trust
     Fund as a REMIC at all times  that any  Certificate  is  outstanding  or to
     avoid or minimize the risk of the  imposition  of any tax on the Trust Fund
     pursuant to the Code that would be a claim against the Trust Fund, provided
     that the Trustee has  received an Opinion of Counsel to the effect that (A)
     such action is necessary or desirable to maintain such  qualification or to
     avoid or minimize the risk of the  imposition  of any such tax and (B) such
     action will not adversely  affect in any material  respect the interests of
     any Certificateholder,

(iv) to change the timing and/or  nature of deposits into the Custodial  Account
     or the Payment Account or to change the name in which the Custodial Account
     is maintained,  provided that (A) the Payment Account Deposit Date shall in
     no event be later than the related Distribution Date, (B) such change shall
     not,  as  evidenced  by an  Opinion  of  Counsel,  adversely  affect in any
     material respect the interests of any Certificateholder and (C) such change
     shall not  result in a  reduction  of the rating  assigned  to any Class of

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     Certificates  below the  lower of the  then-current  rating  or the  rating
     assigned to such  Certificates  as of the Closing  Date (in the case of the
     Insured  Certificates,  without  giving  effect  to the Ambac  Policy),  as
     evidenced by a letter from each Rating Agency to such effect,

(v)  to modify,  eliminate or add to the  provisions  of Section  5.02(f) or any
     other provision hereof restricting transfer of the Class R Certificates, by
     virtue of their being the "residual  interests"  in a REMIC,  provided that
     (A) such change shall not result in reduction of the rating assigned to any
     such Class of Certificates  below the lower of the  then-current  rating or
     the rating  assigned to such  Certificates  as of the Closing  Date (in the
     case of the  Insured  Certificates,  without  giving  effect  to the  Ambac
     Policy),  as evidenced by a letter from each Rating  Agency to such effect,
     and (B) such change shall not (subject to Section  10.01(f)),  as evidenced
     by an Opinion of Counsel (at the expense of the party seeking so to modify,
     eliminate or add such provisions),  cause either REMIC created hereunder or
     any of the Certificateholders  (other than the transferor) to be subject to
     a federal  tax caused by a  transfer  to a Person  that is not a  Permitted
     Transferee,

(vi) to make any other  provisions with respect to matters or questions  arising
     under  this  Agreement  or such  Custodial  Agreement  which  shall  not be
     materially  inconsistent  with the provisions of this  Agreement,  provided
     that such  action  shall  not,  as  evidenced  by an  Opinion  of  Counsel,
     adversely   affect  in  any   material   respect  the   interests   of  any
     Certificateholder, or

(vii)to amend any  provision  herein or therein  that is not  material to any of
     the Certificateholders.

(b) This  Agreement or any Custodial  Agreement may also be amended from time to
time by the  Company,  the  Servicer  and the  Trustee  with the  consent of the
Holders of  Certificates  evidencing  in the  aggregate not less than 66% of the
Percentage  Interests  of each Class of  Certificates  affected  thereby for the
purpose of adding any provisions to or changing in any manner or eliminating any
of the provisions of this Agreement or such Custodial  Agreement or of modifying
in any manner the rights of the Holders of Certificates of such Class; provided,
however, that no such amendment shall:

(i)  reduce in any manner the amount of, or delay the timing of,  payments which
     are required to be  distributed on any  Certificate  without the consent of
     the Holder of such Certificate,

(ii) reduce the aforesaid percentage of Certificates of any Class the Holders of
     which are  required  to  consent  to any such  amendment,  in any such case
     without the consent of the Holders of all  Certificates  of such Class then
     outstanding.

(c) Notwithstanding any contrary provision of this Agreement,  the Trustee shall
not  consent  to any  amendment  to this  Agreement  unless it shall  have first
received an Opinion of Counsel  (subject to Section  10.01(f) and at the expense
of the party seeking such  amendment)  to the effect that such  amendment or the

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exercise  of any power  granted to the  Servicer,  the Company or the Trustee in
accordance  with such  amendment  will not result in the imposition of a federal
tax on the Trust Fund or cause either REMIC to fail to qualify as a REMIC at any
time that any Certificate is outstanding.

(d) Promptly after the execution of any such amendment the Trustee shall furnish
written  notification  of the  substance of such  amendment to the Custodian and
each   Certificateholder.   It  shall  not  be  necessary  for  the  consent  of
Certificateholders  under this Section 12.01 to approve the  particular  form of
any proposed amendment, but it shall be sufficient if such consent shall approve
the substance  thereof.  The manner of obtaining such consents and of evidencing
the  authorization  of the  execution  thereof  by  Certificateholders  shall be
subject to such reasonable regulations as the Trustee may prescribe.

Section 12.02. Recordation of Agreement; Counterparts.

(a) To the extent  permitted by  applicable  law,  this  Agreement is subject to
recordation in all appropriate  public offices for real property  records in all
the  counties  or other  comparable  jurisdictions  in  which  any or all of the
properties  subject to the Mortgages are situated,  and in any other appropriate
public  recording  office or elsewhere,  such  recordation to be effected by the
Servicer and at its expense on direction by the Trustee (pursuant to the request
of Holders of Certificates  entitled to at least 25% of the Voting Rights),  but
only upon direction accompanied by an Opinion of Counsel to the effect that such
recordation   materially   and   beneficially   affects  the  interests  of  the
Certificateholders.

(b) For the purpose of facilitating  the recordation of this Agreement as herein
provided and for other purposes,  this Agreement may be executed  simultaneously
in any number of counterparts,  each of which counterparts shall be deemed to be
an  original,  and  such  counterparts  shall  constitute  but one and the  same
instrument.

Section 12.03. Limitation on Rights of Certificateholders.

(a) The  death or  incapacity  of any  Certificateholder  shall not  operate  to
terminate this Agreement or the Trust Fund, nor entitle such Certificateholder's
legal  representatives  or heirs to claim an accounting or to take any action or
proceeding  in any court for a partition  or winding up of the Trust  Fund,  nor
otherwise  affect the rights,  obligations and liabilities of any of the parties
hereto.

(b) No  Certificateholder  shall  have any right to vote  (except  as  expressly
provided herein) or in any manner otherwise control the operation and management
of the Trust Fund, or the obligations of the parties hereto,  nor shall anything
herein set forth, or contained in the terms of the Certificates, be construed so
as to constitute the Certificateholders from time to time as partners or members
of an association; nor shall any Certificateholder be under any liability to any
third  person by reason of any action  taken by the  parties  to this  Agreement
pursuant to any provision hereof.

(c) No Certificateholder shall have any right by virtue of any provision of this
Agreement to institute  any suit,  action or proceeding in equity or at law upon
or under or with respect to this Agreement,  unless such Holder previously shall
have given to the  Trustee a written  notice of default  and of the  continuance
thereof, as hereinbefore  provided,  and unless also the Holders of Certificates
of any  Class  evidencing  in the  aggregate  not less  than 25% of the  related

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Percentage  Interests of such Class,  shall have made  written  request upon the
Trustee to institute such action,  suit or proceeding in its own name as Trustee
hereunder and shall have offered to the Trustee such reasonable  indemnity as it
may require against the costs,  expenses and liabilities to be incurred  therein
or  thereby,  and the  Trustee,  for 60 days after its  receipt of such  notice,
request and offer of indemnity, shall have neglected or refused to institute any
such action,  suit or proceeding  it being  understood  and intended,  and being
expressly    covenanted   by   each    Certificateholder    with   every   other
Certificateholder  and the Trustee,  that no one or more Holders of Certificates
of any  Class  shall  have any  right in any  manner  whatever  by virtue of any
provision of this  Agreement to affect,  disturb or prejudice  the rights of the
Holders of any other of such  Certificates  of such Class or any other Class, or
to  obtain or seek to  obtain  priority  over or  preference  to any other  such
Holder,  or to  enforce  any right  under this  Agreement,  except in the manner
herein provided and for the common benefit of  Certificateholders  of such Class
or all Classes,  as the case may be. For the protection  and  enforcement of the
provisions  of this  Section  12.03,  each and every  Certificateholder  and the
Trustee  shall be entitled  to such  relief as can be given  either at law or in
equity.

Section 12.04. Governing Law.

        This agreement and the  Certificates  shall be governed by and construed
in accordance with the laws of the State of New York and the obligations, rights
and remedies of the parties  hereunder  shall be determined  in accordance  with
such laws.

Section 12.05. Notices.

        All  demands  and  notices  hereunder  shall be in writing  and shall be
deemed to have been duly given if sent by facsimile or if  personally  delivered
at or mailed by  registered  mail,  postage  prepaid  (except for notices to the
Trustee  which shall be deemed to have been duly given only when  received),  to
the appropriate address for each recipient listed in the table below or, in each
case,  such  other  address  as may  hereafter  be  furnished  in writing to the
Servicer, the Trustee, Ambac and the Company, as applicable:

Recipient            Address
Company              8400 Normandale Lake Boulevard
                     Suite 600, Minneapolis, Minnesota 55437,
                     Attention:  President
Servicer             100 Witmer Road
                     Horsham, Pennsylvania 19044,
                     Attention:  President
Trustee              11000 Broken Land Parkway
                     Columbia, Maryland 21044
                     with a copy to:

                                        123

<PAGE>

                     Wells Fargo Center
                     Sixth and Marquette
                     Minneapolis, Minnesota 55479-1026
                     Attention:  Corporate Trust, GMACM Mortgage
                     Pass-Through Certificates, Series 2000-J6
Ambac                One State Street Plaza
                     New York, New York 10004
                     Attention:  Consumer Asset-Backed
                             Securities Group
Fitch                One State Street Plaza
                     New York, New York 10004
Standard & Poor's    55 Water Street
                     New York, New York 10041

Any notice  required or permitted to be mailed to a  Certificateholder  shall be
given by first class  mail,  postage  prepaid,  at the address of such holder as
shown in the  Certificate  Register.  In each  case in  which a notice  or other
communication  to Ambac  refers to an Ambac  Default or a claim  under the Ambac
Policy or with respect to which failure on the part of Ambac to respond shall be
deemed to constitute consent or acceptance,  then a copy of such notice or other
communication  should also be sent to the  attention  of the General  Counsel of
Ambac and shall be marked to indicate "URGENT MATERIAL  ENCLOSED." Any notice so
mailed  within  the time  prescribed  in this  Agreement  shall be  conclusively
presumed to have been duly given, whether or not the Certificateholder  receives
such notice.

Section 12.06. Required Notices to Rating Agency and Subservicer.

        The Company,  the Servicer or the Trustee,  as applicable,  shall notify
each Rating Agency and the Subservicer at such time as it is otherwise  required
pursuant  to this  Agreement  to give  notice of the  occurrence  of, any of the
events  described in clause (a),  (b),  (c),  (d), (g), (h), (i) or (j) below or
provide a copy to each Rating  Agency at such time as  otherwise  required to be
delivered  pursuant to this  Agreement  of any of the  statements  described  in
clauses (e) and (f) below:

(a)     a material change or amendment to this Agreement,

(b)     the occurrence of an Event of Default,

(c)  the  termination  or  appointment  of a successor  Servicer or Trustee or a
     change in the majority ownership of the Trustee,

(d) the filing of any claim under the Servicer's  blanket  fidelity bond and the
errors  and  omissions   insurance  policy  required  by  Section  3.12  or  the
cancellation or modification of coverage under any such instrument,

                                        124

<PAGE>

(e) the  statement  required  to be  delivered  to the  Holders of each Class of
Certificates  pursuant to Section 4.03, which statements shall be mailed to each
Rating Agency via first class mail,

(f)  the statements required to be delivered pursuant to Sections 3.18 and 3.19,

(g) the  occurrence  of any monthly  cash flow  shortfall  to the Holders of any
Class of  Certificates  resulting  from the  failure by the  Servicer to make an
Advance pursuant to Section 4.04,

(h)     the occurrence of the Final Distribution Date, and

(i)     any Ambac Default that has not been cured.

provided,  however,  that with respect to notice of the occurrence of the events
described in clauses (d) or (g) above, the Servicer shall provide prompt written
notice to each Rating Agency and the  Subservicer of any such event known to the
Servicer.

Section 12.07. Severability of Provisions.

        If any one or more of the covenants, agreements,  provisions or terms of
this  Agreement  shall be for any  reason  whatsoever  held  invalid,  then such
covenants,  agreements,  provisions or terms shall be deemed  severable from the
remaining covenants, agreements, provisions or terms of this Agreement and shall
in no way affect the validity or  enforceability of the other provisions of this
Agreement or of the Certificates or the rights of the Holders thereof.

Section 12.08. Supplemental Provisions for Resecuritization.

        This  Agreement  may be  supplemented  by  means  of the  addition  of a
separate  Article  hereto  (a   "Supplemental   Article")  for  the  purpose  of
resecuritizing  any of the Certificates  issued  hereunder,  under the following
circumstances.  With  respect  to any Class or Classes  of  Certificates  issued
hereunder,  or any portion of any such Class,  as to which the Company or any of
its  Affiliates  (or  any  designee  thereof)  is  the  registered  Holder  (the
"Resecuritized  Certificates"),  the  Company  may  deposit  such  Resecuritized
Certificates into a new REMIC, grantor trust, FASIT or custodial  arrangement (a
"Restructuring  Vehicle") to be held by the Trustee  pursuant to a  Supplemental
Article.  The instrument adopting such Supplemental Article shall be executed by
the Company, the Servicer and the Trustee;  provided,  that neither the Servicer
nor the  Trustee  shall  withhold  their  consent  thereto  if their  respective
interests would not be materially adversely affected thereby. To the extent that
the terms of the Supplemental Article do not in any way affect any provisions of
this Agreement as to any of the  Certificates  initially issued  hereunder,  the
adoption of the Supplemental Article shall not constitute an "amendment" of this
Agreement.

        Each  Supplemental  Article  shall set forth  all  necessary  provisions
relating to the holding of the  Resecuritized  Certificates by the Trustee,  the
establishment of the  Restructuring  Vehicle,  the issuing of various classes of
new certificates by the  Restructuring  Vehicle and the distributions to be made
thereon,  and any  other  provisions  necessary  for the  purposes  thereof.  In
connection  with each  Supplemental  Article,  the Company  shall deliver to the
Trustee an Opinion of Counsel to the effect that (i) the  Restructuring  Vehicle
will  qualify as a REMIC,  grantor  trust,  FASIT or other entity not subject to

                                        125

<PAGE>

taxation  for  federal  income  tax  purposes  and  (ii)  the  adoption  of  the
Supplemental  Article  will not endanger the status of the Trust Fund as a REMIC
or  (subject to Section  10.01(f))  result in the  imposition  of a tax upon the
Trust Fund  (including but not limited to the tax on prohibited  transactions as
defined  in Section  860F(a)(2)  of the Code and the tax on  contributions  to a
REMIC as set forth in Section 860G(d) of the Code).

Section 12.09. Allocation of Voting Rights.

        97% of all of the Voting  Rights  shall be  allocated  among  Holders of
Certificates,   other  than  the  Interest   Only   Certificates   and  Class  R
Certificates, in proportion to the outstanding Certificate Principal Balances of
their respective Certificates;  1% of all Voting Rights shall be allocated among
the Holders of the Class A-4  Certificates,  in accordance with their respective
Percentage  Interests,  1% of all Voting  Rights  shall be  allocated  among the
Holders  of the Class IO  Certificates,  in  accordance  with  their  respective
Percentage Interests, and 0.5% of all Voting Rights shall be allocated among the
Holders of the Class R-I Certificates and Class R-II Certificates, respectively,
in accordance with their respective Percentage  Interests.  As long as the Ambac
Policy is in effect and unless Ambac is in default under the Ambac Policy, Ambac
will be  entitled to  exercise  all Voting  Rights  otherwise  allocable  to the
Insured Certificates.

Section 12.10. Non Petition.

        The Company,  the Seller, the Servicer and the Trustee, by entering into
this Agreement, and each Certificateholder,  by accepting a Certificate,  hereby
covenant  and agree that they will not at any time  institute  against the Trust
Fund,  or join in any  institution  against  the Trust Fund of,  any  bankruptcy
proceedings  under any United States federal or state  bankruptcy or similar law
in  connection  with any  obligation  with respect to the  Certificates  or this
Agreement.

                                        126

<PAGE>

        IN WITNESS  WHEREOF,  the  Company,  the  Servicer  and the Trustee have
caused their names to be signed hereto by their  respective  officers  thereunto
duly  authorized  and their  respective  seals,  duly  attested,  to be hereunto
affixed, all as of the day and year first above written.

                                            RESIDENTIAL ASSET MORTGAGE
                                                   PRODUCTS, INC.

[Seal]

                                            By:    /s/ Patricia C. Taylor
                                                   Name:  Patricia C. Taylor
                                                   Title:    Vice President

Attest:        /s/ Laura Reichel
        Name:  Laura Reichel
        Title: Vice President

                                            GMAC MORTGAGE CORPORATION

[Seal]

                                            By:    /s/ Thomas J. O'Hara
                                                   Name:  Thomas J. O'Hara
                                                   Title:    Vice President

Attest:        /s/ Patricia C. Taylor
        Name:  Patricia C. Taylor
        Title: Vice President

                                   WELLS FARGO BANK MINNESOTA, N.A.,
                                          as Trustee

[Seal]

                                   By:    /s/ Peter A. Gobell
                                          Name: Peter A. Gobell
                                          Title:   Assistant Vice President

Attest:        /s/ Randall S. Reider
        Name:  Randall S. Reider
        Title: Vice President

<PAGE>

STATE OF PENNSYLVANIA )
                                    ) ss.:
COUNTY OF MONTGOMERY  )

        On the 21st day of December,  2000 before me, a notary public in and for
said State,  personally  appeared  Patricia C. Taylor,  known to me to be a Vice
President of Residential Asset Mortgage Products,  Inc., one of the corporations
that executed the within  instrument,  and also known to me to be the person who
executed  it on behalf of said  corporation,  and  acknowledged  to me that such
corporation executed the within instrument.

        IN WITNESS WHEREOF,  I have hereunto set my hand and affixed my official
seal the day and year in this certificate first above written.

                                                   /s/ Stephanie Newman
                                                   Notary Public

[Notarial Seal]

<PAGE>

STATE OF PENNSYLVANIA )
                                    ) ss.:
COUNTY OF MONTGOMERY  )

        On the 21st day of December,  2000 before me, a notary public in and for
said  State,  personally  appeared  Thomas J.  O'Hara,  known to me to be a Vice
President of GMAC Mortgage  Corporation,  one of the corporations  that executed
the within instrument,  and also known to me to be the person who executed it on
behalf  of  said  corporation,  and  acknowledged  to me that  such  corporation
executed the within instrument.

        IN WITNESS WHEREOF,  I have hereunto set my hand and affixed my official
seal the day and year in this certificate first above written.

                                                   /s/ Stephanie Newman
                                                   Notary Public

[Notarial Seal]

<PAGE>

STATE OF MARYLAND     )
                             ) ss.:
COUNTY OF BALTIMORE   )

        On the 21st day of December,  2000 before me, a notary public in and for
said State,  personally appeared Peter A. Gobell, known to me to be an Assistant
Vice  President  of  Wells  Fargo  Bank  Minnesota,  N.A.,  a  national  banking
association, that executed the within instrument, and also known to me to be the
person who executed it on behalf of said banking  corporation,  and acknowledged
to me that such banking corporation executed the within instrument.

        IN WITNESS WHEREOF,  I have hereunto set my hand and affixed my official
seal the day and year in this certificate first above written.

                                                   /s/ Sharon A. Surguy
                                                  Notary Public

[Notarial Seal]

<PAGE>

                                   EXHIBIT A-1

                           FORM OF CLASS A CERTIFICATE

        SOLELY FOR U.S.  FEDERAL  INCOME TAX  PURPOSES,  THIS  CERTIFICATE  IS A
"REGULAR  INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE
TERMS ARE  DEFINED,  RESPECTIVELY,  IN  SECTIONS  860G AND 860D OF THE  INTERNAL
REVENUE CODE OF 1986.

        UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION  ("DTC"),  TO ISSUER OR ITS
AGENT FOR REGISTRATION OF TRANSFER,  EXCHANGE,  OR PAYMENT,  AND ANY CERTIFICATE
ISSUED  IS  REGISTERED  IN THE NAME OF CEDE & CO.  OR IN SUCH  OTHER  NAME AS IS
REQUESTED  BY AN  AUTHORIZED  REPRESENTATIVE  OF DTC (AND ANY PAYMENT IS MADE TO
CEDE  &  CO.  OR  TO  SUCH  OTHER  ENTITY  AS  IS  REQUESTED  BY  AN  AUTHORIZED
REPRESENTATIVE  OF DTC), ANY TRANSFER,  PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE  BY OR TO ANY PERSON IS  WRONGFUL  INASMUCH  AS THE  REGISTERED  OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

Certificate No. 1                 [[  ]% Pass-Through Rate][Variable
                                  Pass-Through Rate based upon a Notional
Class A- ______Senior             Principal Balance]

                                  Aggregate Initial Certificate Principal
Date of Pooling and Servicing     Balance of the Class A-____ Certificates:
Agreement :
December 21, 2000                 Initial Certificate Principal Balance of this
                                  Certificate: $_____________
Cut-off Date:
December 1, 2000                  [Percentage Interest:  [  ]%]

First Distribution Date:          CUSIP _________-
January 25, 2001

Servicer:
GMAC Mortgage Corporation

Assumed Final Distribution Date:
[  ]

                                        A-1

<PAGE>

                     GMACM MORTGAGE PASS-THROUGH CERTIFICATE
                                 SERIES 2000-J6

               evidencing a percentage  interest in the distributions  allocable
               to the Class  A-__  Certificates  with  respect  to a Trust  Fund
               consisting   primarily  of  a  pool  of   conventional   one-  to
               four-family  fixed  interest rate first mortgage loans formed and
               sold by RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC.

     This  Certificate  is payable solely from the assets of the Trust Fund, and
does not represent an obligation of or interest in  Residential  Asset  Mortgage
Products,  Inc.,  the Servicer,  the Trustee  referred to below or GMAC Mortgage
Group,  Inc.  or any of  their  affiliates.  Neither  this  Certificate  nor the
underlying  Mortgage Loans are guaranteed or insured by any governmental  agency
or  instrumentality  or  by  Residential  Asset  Mortgage  Products,  Inc.,  the
Servicer,  the Trustee or GMAC Mortgage Group,  Inc. or any of their affiliates.
None of the Company,  the Servicer,  GMAC Mortgage  Group,  Inc. or any of their
affiliates  will have any  obligation  with respect to any  certificate or other
obligation secured by or payable from payments on the Certificates.

               This  certifies  that CEDE & CO. is the  registered  owner of the
Percentage  Interest  evidenced  by this  Certificate  (obtained by dividing the
Initial  Certificate  Principal  Balance of this  Certificate  by the  aggregate
Initial Certificate Principal Balance of all Class A- , both as specified above)
in certain  distributions with respect to the Trust Fund consisting primarily of
an interest in a pool of  conventional  one- to four-family  fixed interest rate
first  mortgage  loans (the  "Mortgage  Loans"),  formed and sold by Residential
Asset Mortgage  Products,  Inc.  (hereinafter  called the "Company,"  which term
includes any successor entity under the Agreement  referred to below). The Trust
Fund  was  created  pursuant  to a  Pooling  and  Servicing  Agreement  dated as
specified  above (the  "Agreement")  among the  Company,  the Servicer and Wells
Fargo Bank Minnesota,  N.A., as trustee (the "Trustee"), a summary of certain of
the  pertinent  provisions  of which is set forth  hereafter.  To the extent not
defined herein,  the capitalized terms used herein have the meanings assigned in
the  Agreement.  This  Certificate  is issued under and is subject to the terms,
provisions  and conditions of the  Agreement,  to which  Agreement the Holder of
this  Certificate by virtue of the  acceptance  hereof assents and by which such
Holder is bound.

               Pursuant to the terms of the Agreement,  a  distribution  will be
made on the 25th day of each month or, if such 25th day is not a  Business  Day,
the Business Day immediately following (the "Distribution Date"),  commencing as
described  in the  Agreement,  to the Person in whose name this  Certificate  is
registered  at the close of business on the last day (or if such last day is not
a Business  Day, the Business Day  immediately  preceding  such last day) of the
month immediately  preceding the month of such distribution (the "Record Date"),
from the Available  Distribution Amount in an amount equal to the product of the
Percentage Interest evidenced by this Certificate and the amount of interest and
principal, if any required to be distributed to Holders of Class A- Certificates
on such Distribution Date.

               Distributions  on this  Certificate  will be made  either  by the
Trustee or by a Paying Agent  appointed by the Trustee in immediately  available
funds (by wire  transfer or  otherwise)  for the account of the Person  entitled

                                        A-2

<PAGE>

thereto if such Person shall have so notified the Trustee or such Paying  Agent,
or by check mailed to the address of the Person entitled  thereto,  as such name
and address shall appear on the Certificate Register.

               Notwithstanding   the  above,  the  final  distribution  on  this
Certificate  will be made after due notice of the pendency of such  distribution
and only upon  presentation  and surrender of this  Certificate at the office or
agency  appointed  by the Trustee for that  purpose in the City of  Minneapolis,
Minnesota. [The Initial Certificate Principal Balance of this Certificate is set
forth above.  The  Certificate  Principal  Balance hereof will be reduced to the
extent of distributions allocable to principal and any Realized Losses allocable
hereto.]

               This   Certificate  is  one  of  a  duly   authorized   issue  of
Certificates issued in several Classes designated as GMACM Mortgage Pass-Through
Certificates  of the Series  specified  hereon (herein  collectively  called the
"Certificates").

               [This  Certificate  is entitled to the benefits of an irrevocable
and  unconditional   certificate  guaranty  insurance  policy  issued  by  Ambac
Assurance Corporation].

               The  Certificates  are  limited  in right of  payment  to certain
collections  and  recoveries   respecting  the  Mortgage  Loans,   all  as  more
specifically set forth herein and in the Agreement.  In the event Servicer funds
are advanced with respect to any Mortgage Loan,  such advance is reimbursable to
the Servicer,  to the extent provided in the Agreement,  from related recoveries
on such Mortgage Loan or from other cash that would have been  distributable  to
Certificateholders.

               As  provided in the  Agreement,  withdrawals  from the  Custodial
Account and/or the Payment Account created for the benefit of Certificateholders
may be  made  by the  Servicer  from  time  to  time  for  purposes  other  than
distributions to Certificateholders,  such purposes including without limitation
reimbursement to the Servicer of advances made, or certain expenses incurred, by
it.

               The Agreement permits,  with certain exceptions therein provided,
the  amendment  of  the  Agreement  and  the  modification  of  the  rights  and
obligations  of the Company,  the Servicer and the Trustee and the rights of the
Certificateholders  under the Agreement at any time by the Company, the Servicer
and the Trustee with the consent of the Holders of  Certificates  evidencing  in
the  aggregate  not less than 66% of the  Percentage  Interests of each Class of
Certificates   affected  thereby.  Any  such  consent  by  the  Holder  of  this
Certificate  shall be conclusive  and binding on such Holder and upon all future
holders of this  Certificate  and of any  Certificate  issued upon the  transfer
hereof or in exchange  herefor or in lieu hereof whether or not notation of such
consent is made upon the  Certificate.  The Agreement also permits the amendment
thereof in certain  circumstances  without  the consent of the Holders of any of
the Certificates and, in certain additional  circumstances,  without the consent
of the Holders of certain Classes of Certificates.

               As provided in the Agreement  and subject to certain  limitations
therein  set forth,  the  transfer of this  Certificate  is  registrable  in the
Certificate  Register upon surrender of this  Certificate  for  registration  of
transfer  at the  offices or  agencies  appointed  by the Trustee in the City of
Minneapolis, Minnesota, duly endorsed by, or accompanied by an assignment in the

                                        A-3

<PAGE>

form below or other written  instrument of transfer in form  satisfactory to the
Trustee and the Certificate Registrar duly executed by the Holder hereof or such
Holder's  attorney  duly  authorized  in writing,  and thereupon one or more new
Certificates of authorized denominations evidencing the same Class and aggregate
Percentage Interest will be issued to the designated transferee or transferees.

               The  Certificates  are issuable only as  registered  Certificates
without coupons in Classes and in denominations  specified in the Agreement.  As
provided in the Agreement and subject to certain  limitations therein set forth,
Certificates are  exchangeable for new Certificates of authorized  denominations
evidencing the same Class and aggregate Percentage Interest, as requested by the
Holder surrendering the same.

               No  service  charge  will be made  for any such  registration  of
transfer or exchange, but the Trustee may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith.

               The  Company,  the  Servicer,  the  Trustee  and the  Certificate
Registrar  and any  agent of the  Company,  the  Servicer,  the  Trustee  or the
Certificate  Registrar  may treat the Person in whose name this  Certificate  is
registered  as the owner hereof for all purposes,  and neither the Company,  the
Servicer,  the  Trustee  nor any such agent  shall be  affected by notice to the
contrary.

               This Certificate shall be governed by and construed in accordance
with the laws of the State of New York.

               The  obligations  created  by the  Agreement  in  respect  of the
Certificates and the Trust Fund created thereby shall terminate upon the payment
to  Certificateholders  of all  amounts  held by or on behalf of the Trustee and
required to be paid to them pursuant to the  Agreement  following the earlier of
(i) the maturity or other  liquidation of the last Mortgage Loan subject thereto
or the disposition of all property  acquired upon foreclosure or deed in lieu of
foreclosure  of any Mortgage Loan and (ii) the purchase by the Servicer from the
Trust Fund of all remaining  Mortgage Loans and all property acquired in respect
of such Mortgage Loans,  thereby effecting early retirement of the Certificates.
The Agreement permits,  but does not require,  the Servicer to (i) purchase at a
price  determined as provided in the Agreement all remaining  Mortgage Loans and
all property acquired in respect of any Mortgage Loan or (ii) purchase in whole,
but not in part, all of the  Certificates  from the Holders  thereof;  provided,
that any such option may only be exercised if the Pool Stated Principal  Balance
of the Mortgage Loans as of the Distribution Date upon which the proceeds of any
such  purchase  are  distributed  is less than ten percent of the  Cut-off  Date
Principal Balance of the Mortgage Loans.

               Unless the certificate of authentication hereon has been executed
by the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.

                                        A-4

<PAGE>

               IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed.

Dated:  December 21, 2000      WELLS FARGO BANK MINNESOTA, N.A.,
                                Not in its individual capacity but solely as
                               Trustee

                               By:
                                  ----------------------------------------
                                    Authorized Signatory

                          CERTIFICATE OF AUTHENTICATION

               This  is one of the  Class  A-  Certificates  referred  to in the
within-mentioned Agreement.

                               WELLS FARGO BANK MINNESOTA, N.A.,
                                 Not in its individual capacity but solely as
                                 Certificate Registrar

                               By:
                                  ----------------------------------------
                                    Authorized Signatory

                                        A-5

<PAGE>

                                   ASSIGNMENT

     FOR  VALUE  RECEIVED,   the  undersigned  hereby  sell(s),   assign(s)  and
transfer(s) unto ____________________________________ (Please print or typewrite
name and address  including  postal zip code of assignee) a Percentage  Interest
evidenced  by the within  GMACM  Mortgage  Pass-Through  Certificate  and hereby
authorizes  the  transfer of  registration  of such  interest to assignee on the
Certificate Register of the Trust Fund.

               I (We) further  direct the  Certificate  Registrar to issue a new
Certificate of a like  denomination  and Class,  to the above named assignee and
deliver such Certificate to the following address:_____________________________
________________________________________________________________________________

Dated:                                   Signature by or on behalf of assignor

                                                 Signature Guaranteed

                            DISTRIBUTION INSTRUCTIONS

               The  assignee  should  include  the  following  for  purposes  of
distribution:

     Distributions shall be made, by wire transfer or otherwise,  in immediately
available    funds   to    ________________________    for   the    account   of
________________________  account  number____________________,  or, if mailed by
check,    to    ________________________________________________-.    Applicable
statements should be mailed to _________________________________________.

     This  information is provided by  __________________________,  the assignee
named above, or _____________________________, as its agent.

                                        A-1-6

<PAGE>

                                      A-2-5
                                   EXHIBIT A-2

                          FORM OF CLASS IO CERTIFICATE

        SOLELY FOR U.S.  FEDERAL  INCOME TAX  PURPOSES,  THIS  CERTIFICATE  IS A
"REGULAR  INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE
TERMS ARE  DEFINED,  RESPECTIVELY,  IN  SECTIONS  860G AND 860D OF THE  INTERNAL
REVENUE CODE OF 1986.

Certificate No. 1              Variable Pass-Through Rate based on a
                               Notional Amount
Class IO Senior
                               [Percentage Interest: _________%]
Date of Pooling and Servicing
Agreement :                    [________] Initial Pass-Through Rate based on
December 21, 2000              a Notional Amount

Cut-off Date:                  CUSIP _________-
December 1, 2000

First Distribution Date:
January 25, 2001

Servicer:
GMAC Mortgage Corporation

Assumed Final Distribution Date:
[  ]

                                        A-2-1
<PAGE>

                     GMACM MORTGAGE PASS-THROUGH CERTIFICATE
                                 SERIES 2000-J6

               evidencing a percentage  interest in the distributions  allocable
               to the  Class  IO  Certificates  with  respect  to a  Trust  Fund
               consisting   primarily  of  a  pool  of   conventional   one-  to
               four-family  fixed  interest rate first mortgage loans formed and
               sold by RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC.

     This  Certificate  is payable solely from the assets of the Trust Fund, and
does not represent an obligation of or interest in  Residential  Asset  Mortgage
Products,  Inc.,  the Servicer,  the Trustee  referred to below or GMAC Mortgage
Group,  Inc.  or any of  their  affiliates.  Neither  this  Certificate  nor the
underlying  Mortgage Loans are guaranteed or insured by any governmental  agency
or  instrumentality  or  by  Residential  Asset  Mortgage  Products,  Inc.,  the
Servicer,  the Trustee or GMAC Mortgage Group,  Inc. or any of their affiliates.
None of the Company,  the Servicer,  GMAC Mortgage  Group,  Inc. or any of their
affiliates  will have any  obligation  with respect to any  certificate or other
obligation secured by or payable from payments on the Certificates.

               This certifies  that GMAC MORTGAGE  CORPORATION is the registered
owner of the Percentage  Interest  evidenced by this  Certificate  (as specified
above) in  certain  distributions  with  respect  to the Trust  Fund  consisting
primarily of an interest in a pool of  conventional  one- to  four-family  fixed
interest rate first mortgage loans (the  "Mortgage  Loans"),  formed and sold by
Residential Asset Mortgage  Products,  Inc.  (hereinafter  called the "Company,"
which term includes any successor entity under the Agreement referred to below).
The Trust Fund was created  pursuant to a Pooling and Servicing  Agreement dated
as specified above (the "Agreement")  among the Company,  the Servicer and Wells
Fargo Bank Minnesota,  N.A., as trustee (the "Trustee"), a summary of certain of
the  pertinent  provisions  of which is set forth  hereafter.  To the extent not
defined herein,  the capitalized terms used herein have the meanings assigned in
the  Agreement.  This  Certificate  is issued under and is subject to the terms,
provisions  and conditions of the  Agreement,  to which  Agreement the Holder of
this  Certificate by virtue of the  acceptance  hereof assents and by which such
Holder is bound.

               Pursuant to the terms of the Agreement,  a  distribution  will be
made on the 25th day of each month or, if such 25th day is not a  Business  Day,
the Business Day immediately following (the "Distribution Date"),  commencing as
described  in the  Agreement,  to the Person in whose name this  Certificate  is
registered  at the close of business on the last day (or if such last day is not
a Business  Day, the Business Day  immediately  preceding  such last day) of the
month immediately  preceding the month of such distribution (the "Record Date"),
from the Available  Distribution Amount in an amount equal to the product of the
Percentage  Interest  evidenced by this  Certificate  and the amount of interest
required  to be  distributed  to  Holders  of  Class  IO  Certificates  on  such
Distribution  Date. The Notional Amount as of any date of determination is equal
to the Stated Principal Balance of the Mortgage Loans. The Class IO Certificates
have no Certificate Principal Balance.

               Distributions  on this  Certificate  will be made  either  by the
Trustee or by a Paying Agent  appointed by the Trustee in immediately  available
funds (by wire  transfer or  otherwise)  for the account of the Person  entitled

                                        A-2-2

<PAGE>

thereto if such Person shall have so notified the Trustee or such Paying  Agent,
or by check mailed to the address of the Person entitled  thereto,  as such name
and address shall appear on the Certificate Register.

               Notwithstanding   the  above,  the  final  distribution  on  this
Certificate  will be made after due notice of the pendency of such  distribution
and only upon  presentation  and surrender of this  Certificate at the office or
agency  appointed  by the Trustee for that  purpose in the City of  Minneapolis,
Minnesota. The Class IO Notional Amount of this Certificate is set forth above.

               This   Certificate  is  one  of  a  duly   authorized   issue  of
Certificates issued in several Classes designated as GMACM Mortgage Pass-Through
Certificates  of the Series  specified  hereon (herein  collectively  called the
"Certificates").

               The  Certificates  are  limited  in right of  payment  to certain
collections  and  recoveries   respecting  the  Mortgage  Loans,   all  as  more
specifically set forth herein and in the Agreement.  In the event Servicer funds
are advanced with respect to any Mortgage Loan,  such advance is reimbursable to
the Servicer,  to the extent provided in the Agreement,  from related recoveries
on such Mortgage Loan or from other cash that would have been  distributable  to
Certificateholders.

               As  provided in the  Agreement,  withdrawals  from the  Custodial
Account and/or the Payment Account created for the benefit of Certificateholders
may be  made  by the  Servicer  from  time  to  time  for  purposes  other  than
distributions to Certificateholders,  such purposes including without limitation
reimbursement to the Servicer of advances made, or certain expenses incurred, by
it.

               The Agreement permits,  with certain exceptions therein provided,
the  amendment  of  the  Agreement  and  the  modification  of  the  rights  and
obligations  of the Company,  the Servicer and the Trustee and the rights of the
Certificateholders  under the Agreement at any time by the Company, the Servicer
and the Trustee with the consent of the Holders of  Certificates  evidencing  in
the  aggregate  not less than 66% of the  Percentage  Interests of each Class of
Certificates   affected  thereby.  Any  such  consent  by  the  Holder  of  this
Certificate  shall be conclusive  and binding on such Holder and upon all future
holders of this  Certificate  and of any  Certificate  issued upon the  transfer
hereof or in exchange  herefor or in lieu hereof whether or not notation of such
consent is made upon the  Certificate.  The Agreement also permits the amendment
thereof in certain  circumstances  without  the consent of the Holders of any of
the Certificates and, in certain additional  circumstances,  without the consent
of the Holders of certain Classes of Certificates.

               As provided in the Agreement  and subject to certain  limitations
therein  set forth,  the  transfer of this  Certificate  is  registrable  in the
Certificate  Register upon surrender of this  Certificate  for  registration  of
transfer  at the  offices or  agencies  appointed  by the Trustee in the City of
Minneapolis, Minnesota, duly endorsed by, or accompanied by an assignment in the
form below or other written  instrument of transfer in form  satisfactory to the
Trustee and the Certificate Registrar duly executed by the Holder hereof or such
Holder's  attorney  duly  authorized  in writing,  and thereupon one or more new
Certificates of authorized denominations evidencing the same Class and aggregate
Percentage Interest will be issued to the designated transferee or transferees.

                                        A-2-3

<PAGE>

               The  Certificates  are issuable only as  registered  Certificates
without coupons in Classes and in denominations  specified in the Agreement.  As
provided in the Agreement and subject to certain  limitations therein set forth,
Certificates are  exchangeable for new Certificates of authorized  denominations
evidencing the same Class and aggregate Percentage Interest, as requested by the
Holder surrendering the same.

               No  service  charge  will be made  for any such  registration  of
transfer or exchange, but the Trustee may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith.

               The  Company,  the  Servicer,  the  Trustee  and the  Certificate
Registrar  and any  agent of the  Company,  the  Servicer,  the  Trustee  or the
Certificate  Registrar  may treat the Person in whose name this  Certificate  is
registered  as the owner hereof for all purposes,  and neither the Company,  the
Servicer,  the  Trustee  nor any such agent  shall be  affected by notice to the
contrary.

               This Certificate shall be governed by and construed in accordance
with the laws of the State of New York.

               The  obligations  created  by the  Agreement  in  respect  of the
Certificates and the Trust Fund created thereby shall terminate upon the payment
to  Certificateholders  of all  amounts  held by or on behalf of the Trustee and
required to be paid to them pursuant to the  Agreement  following the earlier of
(i) the maturity or other  liquidation of the last Mortgage Loan subject thereto
or the disposition of all property  acquired upon foreclosure or deed in lieu of
foreclosure  of any Mortgage Loan and (ii) the purchase by the Servicer from the
Trust Fund of all remaining  Mortgage Loans and all property acquired in respect
of such Mortgage Loans,  thereby effecting early retirement of the Certificates.
The Agreement permits,  but does not require,  the Servicer to (i) purchase at a
price  determined as provided in the Agreement all remaining  Mortgage Loans and
all property acquired in respect of any Mortgage Loan or (ii) purchase in whole,
but not in part, all of the  Certificates  from the Holders  thereof;  provided,
that any such option may only be exercised if the Pool Stated Principal  Balance
of the Mortgage Loans as of the Distribution Date upon which the proceeds of any
such  purchase  are  distributed  is less than ten percent of the  Cut-off  Date
Principal Balance of the Mortgage Loans.

               Unless the certificate of authentication hereon has been executed
by the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.

                                        A-2-4

<PAGE>

               IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed.

Dated:  December 21, 2000     WELLS FARGO BANK MINNESOTA, N.A.,
                              Not in its individual capacity but solely as
                              Trustee

                                            By:______________________________
                                                Authorized Signatory

                          CERTIFICATE OF AUTHENTICATION

               This  is one of the  Class  IO  Certificates  referred  to in the
within-mentioned Agreement.

                               WELLS FARGO BANK MINNESOTA, N.A.,
                                 Not in its individual capacity but solely as
                                 Certificate Registrar

                               By: _____________________________
                                    Authorized Signatory

                                        A-2-5
<PAGE>

                                   ASSIGNMENT

     FOR  VALUE  RECEIVED,   the  undersigned  hereby  sell(s),   assign(s)  and
transfer(s) unto ___________________________(Please  print or typewrite name and
address including postal zip code of assignee) a Percentage  Interest  evidenced
by the within GMACM Mortgage Pass-Through  Certificate and hereby authorizes the
transfer  of  registration  of such  interest  to  assignee  on the  Certificate
Register of the Trust Fund.

               I (We) further  direct the  Certificate  Registrar to issue a new
Certificate of a like  denomination  and Class,  to the above named assignee and
deliver such Certificate to the following address:

_______________________________________________________________________________

Dated:                             Signature by or on behalf of assignor

                                        Signature Guaranteed

                            DISTRIBUTION INSTRUCTIONS
               The  assignee  should  include  the  following  for  purposes  of
distribution:

     Distributions shall be made, by wire transfer or otherwise,  in immediately
available    funds   to    ________________________    for   the    account   of
________________________  account  number____________________,  or, if mailed by
check,    to    ________________________________________________-.    Applicable
statements should be mailed to _________________________________________.

     This  information is provided by  __________________________,  the assignee
named above, or _____________________________, as its agent.

                                        A-2-6

<PAGE>

                                   EXHIBIT A-3

                          FORM OF CLASS PO CERTIFICATE

        SOLELY FOR U.S.  FEDERAL  INCOME TAX  PURPOSES,  THIS  CERTIFICATE  IS A
"REGULAR  INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE
TERMS ARE  DEFINED,  RESPECTIVELY,  IN  SECTIONS  860G AND 860D OF THE  INTERNAL
REVENUE CODE OF 1986.

Certificate No. 1                  0.00% Pass-Through Rate

Class PO Senior                    Aggregate Initial Certificate Principal
                                   Balance of the Class PO Certificates: $[  ]
Date of Pooling and Servicing
Agreement :                        Initial Certificate Principal
December 21, 2000                  Balance of this Certificate:
                                   $[                  ]
Cut-off Date:
December 1, 2000                   CUSIP ________-

First Distribution Date:
January 25, 2001

Servicer:
GMAC Mortgage Corporation

Assumed Final Distribution Date:
[  ]

                                        A-3-1
<PAGE>

                     GMACM MORTGAGE PASS-THROUGH CERTIFICATE
                                 SERIES 2000-J6

               evidencing a percentage  interest in the distributions  allocable
               to the  Class  PO  Certificates  with  respect  to a  Trust  Fund
               consisting   primarily  of  a  pool  of   conventional   one-  to
               four-family  fixed  interest rate first mortgage loans formed and
               sold by RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC.

     This  Certificate  is payable solely from the assets of the Trust Fund, and
does not represent an obligation of or interest in  Residential  Asset  Mortgage
Products,  Inc.,  the Servicer,  the Trustee  referred to below or GMAC Mortgage
Group,  Inc.  or any of  their  affiliates.  Neither  this  Certificate  nor the
underlying  Mortgage Loans are guaranteed or insured by any governmental  agency
or  instrumentality  or  by  Residential  Asset  Mortgage  Products,  Inc.,  the
Servicer,  the Trustee or GMAC Mortgage Group,  Inc. or any of their affiliates.
None of the Company,  the Servicer,  GMAC Mortgage  Group,  Inc. or any of their
affiliates  will have any  obligation  with respect to any  certificate or other
obligation secured by or payable from payments on the Certificates.

               This certifies  that GMAC MORTGAGE  CORPORATION is the registered
owner of the  Percentage  Interest  evidenced by this  Certificate  (obtained by
dividing the Initial Certificate Principal Balance of all Class PO Certificates,
both as specified above) in certain distributions with respect to the Trust Fund
consisting  primarily  of  an  interest  in  a  pool  of  conventional  one-  to
four-family  fixed interest rate first  mortgage  loans (the "Mortgage  Loans"),
formed and sold by Residential Asset Mortgage Products, Inc. (hereinafter called
the  "Company,"  which term  includes any  successor  entity under the Agreement
referred  to  below).  The Trust  Fund was  created  pursuant  to a Pooling  and
Servicing  Agreement  dated as  specified  above  (the  "Agreement")  among  the
Company,  the Servicer  and Wells Fargo Bank  Minnesota,  N.A.,  as trustee (the
"Trustee"),  a summary of certain of the  pertinent  provisions  of which is set
forth hereafter.  To the extent not defined herein,  the capitalized  terms used
herein have the meanings  assigned in the Agreement.  This Certificate is issued
under and is subject to the terms,  provisions  and conditions of the Agreement,
to which  Agreement the Holder of this  Certificate  by virtue of the acceptance
hereof assents and by which such Holder is bound.

               Pursuant to the terms of the Agreement,  a  distribution  will be
made on the 25th day of each month or, if such 25th day is not a  Business  Day,
the Business Day immediately following (the "Distribution Date"),  commencing as
described  in the  Agreement,  to the Person in whose name this  Certificate  is
registered  at the close of business on the last day (or if such last day is not
a Business  Day, the Business Day  immediately  preceding  such last day) of the
month immediately  preceding the month of such distribution (the "Record Date"),
from the Available  Distribution Amount in an amount equal to the product of the
Percentage  Interest  evidenced by this  Certificate and the amount of principal
required  to be  distributed  to  Holders  of  Class  PO  Certificates  on  such
Distribution Date.

               Distributions  on this  Certificate  will be made  either  by the
Trustee or by a Paying Agent  appointed by the Trustee in immediately  available
funds (by wire  transfer or  otherwise)  for the account of the Person  entitled
thereto if such Person shall have so notified the Trustee or such Paying  Agent,

                                        A-3-2

<PAGE>

or by check mailed to the address of the Person entitled  thereto,  as such name
and address shall appear on the Certificate Register.

               Notwithstanding   the  above,  the  final  distribution  on  this
Certificate  will be made after due notice of the pendency of such  distribution
and only upon  presentation  and surrender of this  Certificate at the office or
agency  appointed  by the Trustee for that  purpose in the City of  Minneapolis,
Minnesota.  The Initial Certificate Principal Balance of this Certificate is set
forth above.  The  Certificate  Principal  Balance hereof will be reduced to the
extent of distributions allocable to principal and any Realized Losses allocable
hereto.

               This   Certificate  is  one  of  a  duly   authorized   issue  of
Certificates issued in several Classes designated as GMACM Mortgage Pass-Through
Certificates  of the Series  specified  hereon (herein  collectively  called the
"Certificates").

               The  Certificates  are  limited  in right of  payment  to certain
collections  and  recoveries   respecting  the  Mortgage  Loans,   all  as  more
specifically set forth herein and in the Agreement.  In the event Servicer funds
are advanced with respect to any Mortgage Loan,  such advance is reimbursable to
the Servicer,  to the extent provided in the Agreement,  from related recoveries
on such Mortgage Loan or from other cash that would have been  distributable  to
Certificateholders.

               As  provided in the  Agreement,  withdrawals  from the  Custodial
Account and/or the Payment Account created for the benefit of Certificateholders
may be  made  by the  Servicer  from  time  to  time  for  purposes  other  than
distributions to Certificateholders,  such purposes including without limitation
reimbursement to the Servicer of advances made, or certain expenses incurred, by
it.

               The Agreement permits,  with certain exceptions therein provided,
the  amendment  of  the  Agreement  and  the  modification  of  the  rights  and
obligations  of the Company,  the Servicer and the Trustee and the rights of the
Certificateholders  under the Agreement at any time by the Company, the Servicer
and the Trustee with the consent of the Holders of  Certificates  evidencing  in
the  aggregate  not less than 66% of the  Percentage  Interests of each Class of
Certificates   affected  thereby.  Any  such  consent  by  the  Holder  of  this
Certificate  shall be conclusive  and binding on such Holder and upon all future
holders of this  Certificate  and of any  Certificate  issued upon the  transfer
hereof or in exchange  herefor or in lieu hereof whether or not notation of such
consent is made upon the  Certificate.  The Agreement also permits the amendment
thereof in certain  circumstances  without  the consent of the Holders of any of
the Certificates and, in certain additional  circumstances,  without the consent
of the Holders of certain Classes of Certificates.

               As provided in the Agreement  and subject to certain  limitations
therein  set forth,  the  transfer of this  Certificate  is  registrable  in the
Certificate  Register upon surrender of this  Certificate  for  registration  of
transfer  at the  offices or  agencies  appointed  by the Trustee in the City of
Minneapolis, Minnesota, duly endorsed by, or accompanied by an assignment in the
form below or other written  instrument of transfer in form  satisfactory to the
Trustee and the Certificate Registrar duly executed by the Holder hereof or such
Holder's  attorney  duly  authorized  in writing,  and thereupon one or more new
Certificates of authorized denominations evidencing the same Class and aggregate
Percentage Interest will be issued to the designated transferee or transferees.

                                        A-3-3

<PAGE>

               The  Certificates  are issuable only as  registered  Certificates
without coupons in Classes and in denominations  specified in the Agreement.  As
provided in the Agreement and subject to certain  limitations therein set forth,
Certificates are  exchangeable for new Certificates of authorized  denominations
evidencing the same Class and aggregate Percentage Interest, as requested by the
Holder surrendering the same.

               No  service  charge  will be made  for any such  registration  of
transfer or exchange, but the Trustee may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith.

               The  Company,  the  Servicer,  the  Trustee  and the  Certificate
Registrar  and any  agent of the  Company,  the  Servicer,  the  Trustee  or the
Certificate  Registrar  may treat the Person in whose name this  Certificate  is
registered  as the owner hereof for all purposes,  and neither the Company,  the
Servicer,  the  Trustee  nor any such agent  shall be  affected by notice to the
contrary.

               This Certificate shall be governed by and construed in accordance
with the laws of the State of New York.

               The  obligations  created  by the  Agreement  in  respect  of the
Certificates and the Trust Fund created thereby shall terminate upon the payment
to  Certificateholders  of all  amounts  held by or on behalf of the Trustee and
required to be paid to them pursuant to the  Agreement  following the earlier of
(i) the maturity or other  liquidation of the last Mortgage Loan subject thereto
or the disposition of all property  acquired upon foreclosure or deed in lieu of
foreclosure  of any Mortgage Loan and (ii) the purchase by the Servicer from the
Trust Fund of all remaining  Mortgage Loans and all property acquired in respect
of such Mortgage Loans,  thereby effecting early retirement of the Certificates.
The Agreement permits,  but does not require,  the Servicer to (i) purchase at a
price  determined as provided in the Agreement all remaining  Mortgage Loans and
all property acquired in respect of any Mortgage Loan or (ii) purchase in whole,
but not in part, all of the  Certificates  from the Holders  thereof;  provided,
that any such option may only be exercised if the Pool Stated Principal  Balance
of the Mortgage Loans as of the Distribution Date upon which the proceeds of any
such  purchase  are  distributed  is less than ten percent of the  Cut-off  Date
Principal Balance of the Mortgage Loans.

               Unless the certificate of authentication hereon has been executed
by the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.

                                        A-3-4

<PAGE>

               IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed.

Dated:  December 21, 2000     WELLS FARGO BANK MINNESOTA, N.A.,
                              Not in its individual capacity but solely as
                              Trustee

                                            By:   ________________________
                                                Authorized Signatory

                          CERTIFICATE OF AUTHENTICATION

               This  is one of the  Class  PO  Certificates  referred  to in the
within-mentioned Agreement.

                              WELLS FARGO BANK MINNESOTA, N.A.,
                                Not in its individual capacity but solely as
                                Certificate Registrar

                              By:  __________________________
                                  Authorized Signatory

                                        A-3-5
<PAGE>

                                      A-3-6

                                   ASSIGNMENT

     FOR  VALUE  RECEIVED,   the  undersigned  hereby  sell(s),   assign(s)  and
transfer(s)  unto  _________________________________  (Please print or typewrite
name and address  including  postal zip code of assignee) a Percentage  Interest
evidenced  by the within  GMACM  Mortgage  Pass-Through  Certificate  and hereby
authorizes  the  transfer of  registration  of such  interest to assignee on the
Certificate Register of the Trust Fund.

               I (We) further  direct the  Certificate  Registrar to issue a new
Certificate of a like  denomination  and Class,  to the above named assignee and
deliver such Certificate to the following address:
_______________________________________________________________________________

Dated:                                   Signature by or on behalf of assignor

                                                 Signature Guaranteed

                            DISTRIBUTION INSTRUCTIONS

     The assignee should include the following for purposes of distribution:

     Distributions shall be made, by wire transfer or otherwise,  in immediately
available    funds   to    ________________________    for   the    account   of
________________________  account  number____________________,  or, if mailed by
check,    to    ________________________________________________-.    Applicable
statements should be mailed to _________________________________________.

     This  information is provided by  __________________________,  the assignee
named above, or _____________________________, as its agent.

                                        A-3-6

<PAGE>

                                    EXHIBIT B

                           FORM OF CLASS M CERTIFICATE

        THIS  CERTIFICATE  IS  SUBORDINATED  IN RIGHT OF  PAYMENT  TO THE SENIOR
CERTIFICATES  [CLASS M-1 CERTIFICATES] [AND CLASS M-2 CERTIFICATES] AS DESCRIBED
IN THE AGREEMENT (AS DEFINED BELOW).

        SOLELY FOR U.S.  FEDERAL  INCOME TAX  PURPOSES,  THIS  CERTIFICATE  IS A
"REGULAR  INTEREST" IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT," AS THOSE
TERMS ARE  DEFINED,  RESPECTIVELY,  IN  SECTIONS  860G AND 860D OF THE  INTERNAL
REVENUE CODE OF 1986 (THE "CODE").

        UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED  REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION  ("DTC"),  TO ISSUER OR ITS
AGENT FOR REGISTRATION OF TRANSFER,  EXCHANGE,  OR PAYMENT,  AND ANY CERTIFICATE
ISSUED  IS  REGISTERED  IN THE NAME OF CEDE & CO.  OR IN SUCH  OTHER  NAME AS IS
REQUESTED  BY AN  AUTHORIZED  REPRESENTATIVE  OF DTC (AND ANY PAYMENT IS MADE TO
CEDE  &  CO.  OR  TO  SUCH  OTHER  ENTITY  AS  IS  REQUESTED  BY  AN  AUTHORIZED
REPRESENTATIVE  OF DTC), ANY TRANSFER,  PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE  BY OR TO ANY PERSON IS  WRONGFUL  INASMUCH  AS THE  REGISTERED  OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

        Any Transferee of this Certificate will be deemed to have represented by
virtue of its purchase or holding of this  Certificate (or interest herein) that
EITHER (a) such Transferee is not an investment  manager, a named fiduciary or a
trustee of any Plan) acting, directly or indirectly,  on behalf of or purchasing
any Certificate with "plan assets" of any Plan (a "plan  investor"),  (B) it has
acquired and is holding such  Certificate in reliance on Prohibited  Transaction
Exemption  ("PTE") 94-29, 59 Fed. Reg. 14674 (March 29, 1994), as amended by PTE
97-34, 62 Fed. Reg. 39021 (July 21, 1997),  and PTE 2000-58,  65 Fed. Reg. 67765
(November 13, 2000) (the "RFC  Exemption"),  and that it understands  that there
are certain  conditions to the availability of the RFC Exemption  including that
such Certificate  must be rated, at the time of purchase,  not lower than "BBB-"
(or its  equivalent)  by  Standard  & Poor's,  Fitch or  Moody's  or (C) (I) the
transferee is an insurance company, (II) the source of funds to be used by it to
purchase the Certificate is an "insurance  company general  account" (within the
meaning of Department of Labor Prohibited  Transaction Class Exemption  ("PTCE")
95-60),  and (iii) the  CONDITIONS SET FORTH IN SECTIONS I AND III OF PTCE 95-60
HAVE BEEN  SATISFIED  (EACH ENTITY THAT  SATISFIES THIS CLAUSE (C), A "cOMPLYING
INSURANCE COMPANY).

                                        B-1

<PAGE>

        If this  Certificate (OR ANY INTEREST HEREIN) IS ACQUIRED OR HELD BY ANY
PERSON  THAT  DOES  NOT  SATISFY  THE  CONDITIONS  DESCRIBED  IN  THE  PRECEDING
PARAGRAPH,  THEN THE LAST  preceding  Transferee  that  either (i) is not a Plan
Investor,  (II) ACQUIRED SUCH  CERTIFICATE IN COMPLIANCE WITH THE RFC EXEMPTION,
or (iiI) is a  Complying  Insurance  Company  shall be  restored,  to the extent
permitted by law, to all rights and  obligations  as  Certificate  Owner thereof
retroactive to the date of such Transfer of this Certificate.  The Trustee shall
be  under no  liability  to any  Person  for  making  any  payments  due on this
Certificate to such preceding Transferee.

        Any purported  Certificate  Owner whose  acquisition  or holding of this
Certificate (or interest  herein) was effected in violation of the  restrictions
in Section  5.02(e) of the Pooling and Servicing  Agreement  shall indemnify and
hold harmless the Company, the Trustee, the Servicer,  any Subservicer,  and the
Trust Fund from and against any and all liabilities,  claims,  costs or expenses
incurred by such parties as a result of such acquisition or holding.

Certificate No. 1                7.50% Pass-Through Rate

Class M-    Subordinate          Aggregate Certificate
                                 Principal Balance
Date of Pooling and Servicing    of the Class M-[  ] Certificates:
Agreement and Cut-off Date:      $[ ________________________]
December 21, 2000
                                 Initial Certificate Principal
First Distribution Date:         Balance of this Certificate:
January 25, 2001                 $[___________________________]

Servicer:                        CUSIP: ________-
GMAC Mortgage Corporation

Assumed Final Distribution Date:
[  ]

                           GMACM MORTGAGE PASS-THROUGH CERTIFICATE,
                                 SERIES 2000-J6

        evidencing a percentage  interest in any distributions  allocable to the
        Class  M-  Certificates  with  respect  to  the  Trust  Fund  consisting
        primarily of a pool of conventional  one- to four-family  fixed interest
        rate first mortgage loans formed and sold by RESIDENTIAL  ASSET MORTGAGE
        PRODUCTS, INC.

     This  Certificate  is payable solely from the assets of the Trust Fund, and
does not represent an obligation of or interest in  Residential  Asset  Mortgage
Products,  Inc.,  the Servicer,  the Trustee  referred to below or GMAC Mortgage
Group,  Inc.  or any of  their  affiliates.  Neither  this  Certificate  nor the
underlying  Mortgage Loans are guaranteed or insured by any governmental  agency

                                        B-2

<PAGE>

or  instrumentality  or  by  Residential  Asset  Mortgage  Products,  Inc.,  the
Servicer,  the Trustee or GMAC Mortgage Group,  Inc. or any of their affiliates.
None of the Company,  the Servicer,  GMAC Mortgage  Group,  Inc. or any of their
affiliates  will have any  obligation  with respect to any  certificate or other
obligation secured by or payable from payments on the Certificates.

               This  certifies  that CEDE & CO. is the  registered  owner of the
Percentage  Interest  evidenced  by this  Certificate  (obtained by dividing the
Certificate  Principal Balance of this Certificate by the aggregate  Certificate
Principal  Balance of all Class M-  Certificates,  both as  specified  above) in
certain  distributions  with respect to a Trust Fund  consisting  primarily of a
pool of  conventional  one- to  four-family  fixed  interest rate first mortgage
loans (the  "Mortgage  Loans"),  formed and sold by  Residential  Asset Mortgage
Products,  Inc.  (hereinafter  called the  "Company,"  which term  includes  any
successor  entity  under the  Agreement  referred to below).  The Trust Fund was
created  pursuant to a Pooling and Servicing  Agreement dated as specified above
(the  "Agreement")  among  the  Company,  the  Servicer  and  Wells  Fargo  Bank
Minnesota,  N.A.,  as  trustee  (the  "Trustee"),  a summary  of  certain of the
pertinent provisions of which is set forth hereafter.  To the extent not defined
herein,  the  capitalized  terms used herein have the  meanings  assigned in the
Agreement.  This  Certificate  is issued  under  and is  subject  to the  terms,
provisions  and conditions of the  Agreement,  to which  Agreement the Holder of
this  Certificate by virtue of the  acceptance  hereof assents and by which such
Holder is bound.

               Pursuant to the terms of the Agreement,  a  distribution  will be
made on the 25th day of each month or, if such 25th day is not a  Business  Day,
the Business Day immediately following (the "Distribution Date"),  commencing as
described  in the  Agreement,  to the Person in whose name this  Certificate  is
registered  at the close of business on the last day (or if such last day is not
a Business  Day, the Business Day  immediately  preceding  such last day) of the
month immediately  preceding the month of such distribution (the "Record Date"),
from the Available  Distribution Amount in an amount equal to the product of the
Percentage Interest evidenced by this Certificate and the amount of interest and
principal, if any required to be distributed to Holders of Class M- Certificates
on such Distribution Date.

               Distributions  on this  Certificate  will be made  either  by the
Trustee or by a Paying Agent  appointed by the Trustee in immediately  available
funds (by wire  transfer or  otherwise)  for the account of the Person  entitled
thereto if such Person shall have so notified the Trustee or such Paying  Agent,
or by check mailed to the address of the Person entitled  thereto,  as such name
and address shall appear on the Certificate Register.

               Notwithstanding   the  above,  the  final  distribution  on  this
Certificate  will be made after due notice of the pendency of such  distribution
and only upon  presentation  and surrender of this  Certificate at the office or
agency  appointed  by the Trustee for that  purpose in the City of  Minneapolis,
Minnesota.  The Initial Certificate Principal Balance of this Certificate is set
forth above.  The  Certificate  Principal  Balance hereof will be reduced to the
extent of the  distributions  allocable  to principal  and any  Realized  Losses
allocable hereto.

                                        B-3

<PAGE>

               As described  above, no transfer of this Class M Certificate will
be made unless (i) the Trustee  has  received  either an opinion of counsel or a
representation  letter,  each as  described  in the  Agreement,  relating to the
permissibility  of such  transfer  under ERISA and Section 4975 of the Code,  or
(ii) this Certificate is held by a Depository, in which case the Transferee will
be deemed to have made  representations  relating to the  permissibility of such
transfer  under  ERISA and Section  4975 of the Code,  as  described  in Section
5.02(e) of the Agreement.  In addition,  any purported  Certificate  Owner whose
acquisition or holding of this  Certificate (or interest herein) was effected in
violation  of  the  restrictions  in  Section  5.02(e)  of the  Agreement  shall
indemnify  and hold  harmless  the  Company,  the  Trustee,  the  Servicer,  any
Subservicer,  and the  Trust  Fund  from and  against  any and all  liabilities,
claims,  costs  or  expenses  incurred  by  such  parties  as a  result  of such
acquisition or holding.

               This   Certificate  is  one  of  a  duly   authorized   issue  of
Certificates issued in several Classes designated as GMACM Mortgage Pass-Through
Certificates  of the Series  specified  hereon (herein  collectively  called the
"Certificates").

               The  Certificates  are  limited  in right of  payment  to certain
collections  and  recoveries   respecting  the  Mortgage  Loans,   all  as  more
specifically set forth herein and in the Agreement.  In the event Servicer funds
are advanced with respect to any Mortgage Loan,  such advance is reimbursable to
the Servicer,  to the extent provided in the Agreement,  from related recoveries
on such Mortgage Loan or from other cash that would have been  distributable  to
Certificateholders.

               As  provided in the  Agreement,  withdrawals  from the  Custodial
Account and/or the Payment Account created for the benefit of Certificateholders
may be  made  by the  Servicer  from  time  to  time  for  purposes  other  than
distributions to Certificateholders,  such purposes including without limitation
reimbursement to the Servicer of advances made, or certain expenses incurred, by
it.

               The Agreement permits,  with certain exceptions therein provided,
the  amendment  of  the  Agreement  and  the  modification  of  the  rights  and
obligations  of the Company,  the Servicer and the Trustee and the rights of the
Certificateholders  under the Agreement at any time by the Company, the Servicer
and the Trustee with the consent of the Holders of  Certificates  evidencing  in
the  aggregate  not less than 66% of the  Percentage  Interests of each Class of
Certificates   affected  thereby.  Any  such  consent  by  the  Holder  of  this
Certificate  shall be conclusive  and binding on such Holder and upon all future
holders of this  Certificate  and of any  Certificate  issued upon the  transfer
hereof or in exchange  herefor or in lieu hereof whether or not notation of such
consent is made upon the  Certificate.  The Agreement also permits the amendment
thereof in certain  circumstances  without  the consent of the Holders of any of
the Certificates and, in certain additional  circumstances,  without the consent
of the Holders of certain Classes of Certificates.

               As provided in the Agreement  and subject to certain  limitations
therein  set forth,  the  transfer of this  Certificate  is  registrable  in the
Certificate  Register upon surrender of this  Certificate  for  registration  of
transfer  at the  offices or  agencies  appointed  by the Trustee in the City of

                                        B-4

<PAGE>

Minneapolis, Minnesota, duly endorsed by, or accompanied by an assignment in the
form below or other written  instrument of transfer in form  satisfactory to the
Trustee and the Certificate Registrar duly executed by the Holder hereof or such
Holder's  attorney  duly  authorized  in writing,  and thereupon one or more new
Certificates of authorized denominations evidencing the same Class and aggregate
Percentage Interest will be issued to the designated transferee or transferees.

               The  Certificates  are issuable only as  registered  Certificates
without coupons in Classes and in denominations  specified in the Agreement.  As
provided in the Agreement and subject to certain  limitations therein set forth,
Certificates are  exchangeable for new Certificates of authorized  denominations
evidencing the same Class and aggregate Percentage Interest, as requested by the
Holder surrendering the same.

               No  service  charge  will be made  for any such  registration  of
transfer or exchange, but the Trustee may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith.

               The  Company,  the  Servicer,  the  Trustee  and the  Certificate
Registrar  and any  agent of the  Company,  the  Servicer,  the  Trustee  or the
Certificate  Registrar  may treat the Person in whose name this  Certificate  is
registered  as the owner hereof for all purposes,  and neither the Company,  the
Servicer,  the  Trustee  nor any such agent  shall be  affected by notice to the
contrary.

               This Certificate shall be governed by and construed in accordance
with the laws of the State of New York.

               The  obligations  created  by the  Agreement  in  respect  of the
Certificates and the Trust Fund created thereby shall terminate upon the payment
to  Certificateholders  of all  amounts  held by or on behalf of the Trustee and
required to be paid to them pursuant to the  Agreement  following the earlier of
(i) the maturity or other  liquidation of the last Mortgage Loan subject thereto
or the disposition of all property  acquired upon foreclosure or deed in lieu of
foreclosure  of any Mortgage Loan and (ii) the purchase by the Servicer from the
Trust Fund of all remaining  Mortgage Loans and all property acquired in respect
of such Mortgage Loans,  thereby effecting early retirement of the Certificates.
The Agreement permits,  but does not require,  the Servicer to (i) purchase at a
price  determined as provided in the Agreement all remaining  Mortgage Loans and
all property acquired in respect of any Mortgage Loan or (ii) purchase in whole,
but not in part, all of the  Certificates  from the Holders  thereof;  provided,
that any such option may only be exercised if the Pool Stated Principal  Balance
of the Mortgage Loans as of the Distribution Date upon which the proceeds of any
such  purchase  are  distributed  is less than ten percent of the  Cut-off  Date
Principal Balance of the Mortgage Loans.

               Unless the certificate of authentication hereon has been executed
by the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.

                                        B-5

<PAGE>

               IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed.

Dated:  December 21, 2000       WELLS FARGO BANK MINNESOTA, N.A.,
                                Not in its individual capacity but solely as
                               Trustee

                                By:
                                   ----------------------------------------
                                     Authorized Signatory

                          CERTIFICATE OF AUTHENTICATION

               This  is one of the  Class  M-  Certificates  referred  to in the
within-mentioned Agreement.

                                WELLS FARGO BANK MINNESOTA, N.A.,
                                  Not in its individual capacity but solely as
                                  Certificate Registrar

                                By:
                                   ----------------------------------------
                                     Authorized Signatory

                                            B-6
<PAGE>

                                   ASSIGNMENT

     FOR  VALUE  RECEIVED,   the  undersigned  hereby  sell(s),   assign(s)  and
transfer(s)  unto  ______________________  (Please  print or typewrite  name and
address including postal zip code of assignee) a Percentage  Interest  evidenced
by the within GMACM Mortgage Pass-Through  Certificate and hereby authorizes the
transfer  of  registration  of such  interest  to  assignee  on the  Certificate
Register of the Trust Fund.

               I (We) further  direct the  Certificate  Registrar to issue a new
Certificate of a like  denomination  and Class,  to the above named assignee and
deliver such Certificate to the following address:

Dated:
                                          Signature by or on behalf of assignor

                                                 Signature Guaranteed

                            DISTRIBUTION INSTRUCTIONS

     The assignee should include the following for purposes of distribution:

     Distributions shall be made, by wire transfer or otherwise,  in immediately
available    funds   to    ________________________    for   the    account   of
________________________  account  number____________________,  or, if mailed by
check,    to    ________________________________________________-.    Applicable
statements should be mailed to _________________________________________.

     This  information is provided by  __________________________,  the assignee
named above, or _____________________________, as its agent.

                                        B-7

<PAGE>

                                    EXHIBIT C

                           FORM OF CLASS B CERTIFICATE

THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE SENIOR  CERTIFICATES
AND CLASS M CERTIFICATES [AND CLASS B-1] [CLASS B-2  CERTIFICATES]  DESCRIBED IN
THE AGREEMENT (AS DEFINED HEREIN).

THIS  CERTIFICATE  HAS NOT BEEN AND WILL NOT BE REGISTERED  UNDER THE SECURITIES
ACT OF 1933,  AS  AMENDED,  OR THE  SECURITIES  LAWS OF ANY STATE AND MAY NOT BE
RESOLD OR TRANSFERRED  UNLESS IT IS REGISTERED  PURSUANT TO SUCH ACT AND LAWS OR
IS SOLD OR TRANSFERRED IN TRANSACTIONS  WHICH ARE EXEMPT FROM REGISTRATION UNDER
SUCH ACT AND UNDER  APPLICABLE  STATE LAW AND IS TRANSFERRED IN ACCORDANCE  WITH
THE PROVISIONS OF SECTION 5.02 OF THE AGREEMENT.

NO TRANSFER OF THIS CERTIFICATE MAY BE MADE TO ANY PERSON, UNLESS THE TRANSFEREE
PROVIDES EITHER A CERTIFICATION  PURSUANT TO SECTION 5.02(e) OF THE AGREEMENT OR
AN OPINION OF COUNSEL SATISFACTORY TO THE SERVICER,  THE COMPANY AND THE TRUSTEE
THAT THE  PURCHASE  OF THIS  CERTIFICATE  WILL NOT  CONSTITUTE  OR  RESULT  IN A
NON-EXEMPT  PROHIBITED  TRANSACTION UNDER SECTION 406 OF THE EMPLOYEE RETIREMENT
INCOME SECURITY ACT OF 1974, AS AMENDED  ("ERISA"),  OR SECTION 4975 OF THE CODE
AND WILL NOT SUBJECT THE SERVICER,  THE COMPANY OR THE TRUSTEE TO ANY OBLIGATION
OR LIABILITY IN ADDITION TO THOSE UNDERTAKEN IN THE AGREEMENT.

Certificate No. 1                    7.50% Pass-Through Rate

Class B-_____Subordinate             Aggregate Certificate Principal Balance of
                                     the Class B- ______ Certificates as of the
 Date of Pooling and Servicing       Cut-off Date:
Agreement and Cut-off Date:          $[_______________________________]
December 21, 2000
                                     Initial Certificate Principal
First Distribution Date:             Balance of this Certificate:
January 25, 2001                     $[_______________________________]

Servicer:
GMAC Mortgage Corporation

Assumed Final Distribution Date:
[  ]

                                        C-1

<PAGE>

                           GMACM MORTGAGE PASS-THROUGH CERTIFICATE,
                                 SERIES 2000-J6

       evidencing a percentage  interest in any  distributions  allocable to the
       Class B- Certificates with respect to the Trust Fund consisting primarily
       of a pool of conventional  one- to four-family  fixed interest rate first
       mortgage  loans formed and sold by RESIDENTIAL  ASSET MORTGAGE  PRODUCTS,
       INC.

     This  Certificate  is payable solely from the assets of the Trust Fund, and
does not represent an obligation of or interest in  Residential  Asset  Mortgage
Products,  Inc.,  the Servicer,  the Trustee  referred to below or GMAC Mortgage
Group,  Inc.  or any of  their  affiliates.  Neither  this  Certificate  nor the
underlying  Mortgage Loans are guaranteed or insured by any governmental  agency
or  instrumentality  or  by  Residential  Asset  Mortgage  Products,  Inc.,  the
Servicer,  the Trustee or GMAC Mortgage Group,  Inc. or any of their affiliates.
None of the Company,  the Servicer,  GMAC Mortgage  Group,  Inc. or any of their
affiliates  will have any  obligation  with respect to any  certificate or other
obligation secured by or payable from payments on the Certificates.

               This  certifies  that   [_____________________________]   is  the
registered  owner  of the  Percentage  Interest  evidenced  by this  Certificate
(obtained by dividing the Certificate  Principal  Balance of this Certificate by
the aggregate Certificate  Principal Balance of all Class B- Certificates,  both
as  specified  above) in  certain  distributions  with  respect  to a Trust Fund
consisting  primarily  of a pool  of  conventional  one-  to  four-family  fixed
interest rate first mortgage loans (the  "Mortgage  Loans"),  formed and sold by
Residential Asset Mortgage  Products,  Inc.  (hereinafter  called the "Company,"
which term includes any successor entity under the Agreement referred to below).
The Trust Fund was created  pursuant to a Pooling and Servicing  Agreement dated
as specified above (the "Agreement")  among the Company,  the Servicer and Wells
Fargo Bank Minnesota,  N.A., as trustee (the "Trustee"), a summary of certain of
the  pertinent  provisions  of which is set forth  hereafter.  To the extent not
defined herein,  the capitalized terms used herein have the meanings assigned in
the  Agreement.  This  Certificate  is issued under and is subject to the terms,
provisions  and conditions of the  Agreement,  to which  Agreement the Holder of
this  Certificate by virtue of the  acceptance  hereof assents and by which such
Holder is bound.

               Pursuant to the terms of the Agreement,  a  distribution  will be
made on the 25th day of each month or, if such 25th day is not a  Business  Day,
the Business Day immediately following (the "Distribution Date"),  commencing on
the first  Distribution  Date specified  above, to the Person in whose name this
Certificate  is  registered at the close of business on the last day (or if such
last day is not a Business Day, the Business Day immediately preceding such last
day) of the month next  preceding  the month of such  distribution  (the "Record
Date"), from the Available Distribution Amount in an amount equal to the product
of the  Percentage  Interest  evidenced  by this  Certificate  and the amount of
interest and principal,  if any required to be distributed to Holders of Class B
Certificates on such Distribution Date.

               Distributions  on this  Certificate  will be made  either  by the
Trustee or by a Paying Agent  appointed by the Trustee in immediately  available
funds (by wire  transfer or  otherwise)  for the account of the Person  entitled
thereto if such Person shall have so notified the Trustee or such Paying  Agent,
or by check mailed to the address of the Person entitled  thereto,  as such name
and address shall appear on the Certificate Register.

                                        C-2

<PAGE>

               Notwithstanding   the  above,  the  final  distribution  on  this
Certificate  will be made after due notice of the pendency of such  distribution
and only upon  presentation  and surrender of this  Certificate at the office or
agency  appointed  by the Trustee for that  purpose in the City of  Minneapolis,
Minnesota.  The Initial Certificate Principal Balance of this Certificate is set
forth above.  The  Certificate  Principal  Balance hereof will be reduced to the
extent of the  distributions  allocable  to principal  and any  Realized  Losses
allocable hereto.

               No transfer of this Class B Certificate  will be made unless such
transfer is exempt from the  registration  requirements of the Securities Act of
1933,  as  amended,  and  any  applicable  state  securities  laws or is made in
accordance  with said Act and laws.  In the event that such a transfer  is to be
made,  (i) the  Trustee  or the  Company  may  require  an  opinion  of  counsel
acceptable  to and in form and  substance  satisfactory  to the  Trustee and the
Company that such transfer is exempt  (describing  the applicable  exemption and
the  basis  therefor)  from  or is  being  made  pursuant  to  the  registration
requirements  of the Securities  Act of 1933, as amended,  and of any applicable
statute of any state and (ii) the transferee shall execute an investment  letter
in the form  described by the  Agreement.  The Holder hereof  desiring to effect
such  transfer  shall,  and does hereby agree to,  indemnify  the  Trustee,  the
Company,  the Servicer  and the  Certificate  Registrar  acting on behalf of the
Trustee  against any liability  that may result if the transfer is not so exempt
or is not made in  accordance  with such Federal and state laws.  In  connection
with any such  transfer,  the Trustee will also require either (i) an opinion of
counsel acceptable to and in form and substance satisfactory to the Trustee, the
Company and the Servicer  with respect to the  permissibility  of such  transfer
under the Employee Retirement Income Security Act of 1974, as amended ("ERISA"),
and Section  4975 of the Internal  Revenue Code (the "Code") and stating,  among
other things,  that the  transferee's  acquisition of a Class B Certificate will
not constitute or result in a non-exempt  prohibited  transaction  under Section
406 of ERISA or Section 4975 of the Code or (ii) a representation letter, in the
form as described by the Agreement, either stating that the transferee is not an
employee benefit or other plan subject to the prohibited  transaction provisions
of ERISA or Section 4975 of the Code (a "Plan"),  or any other person (including
an  investment  manager,  a named  fiduciary  or a trustee of any Plan)  acting,
directly or indirectly,  on behalf of or purchasing any  Certificate  with "plan
assets" of any Plan, or stating that the transferee is an insurance company, the
source of funds to be used by it to purchase the  Certificate  is an  "insurance
company general  account"  (within the meaning of Department of Labor Prohibited
Transaction  Class  Exemption  ("PTCE")  95-60),  and  conditions  set  forth in
Sections I and III of PTCE 95-60 have been satisfied.

               This   Certificate  is  one  of  a  duly   authorized   issue  of
Certificates issued in several Classes designated as GMACM Mortgage Pass-Through
Certificates  of the Series  specified  hereon (herein  collectively  called the
"Certificates").

               The  Certificates  are  limited  in right of  payment  to certain
collections  and  recoveries   respecting  the  Mortgage  Loans,   all  as  more
specifically set forth herein and in the Agreement.  In the event Servicer funds
are advanced with respect to any Mortgage Loan,  such advance is reimbursable to
the Servicer,  to the extent provided in the Agreement,  from related recoveries
on such Mortgage Loan or from other cash that would have been  distributable  to
Certificateholders.

                                        C-3

<PAGE>

               As  provided in the  Agreement,  withdrawals  from the  Custodial
Account and/or the Payment Account created for the benefit of Certificateholders
may be  made  by the  Servicer  from  time  to  time  for  purposes  other  than
distributions to Certificateholders,  such purposes including without limitation
reimbursement to the Servicer of advances made, or certain expenses incurred, by
it.

               The Agreement permits,  with certain exceptions therein provided,
the  amendment  of  the  Agreement  and  the  modification  of  the  rights  and
obligations  of the Company,  the Servicer and the Trustee and the rights of the
Certificateholders  under the Agreement at any time by the Company, the Servicer
and the Trustee with the consent of the Holders of  Certificates  evidencing  in
the  aggregate  not less than 66% of the  Percentage  Interests of each Class of
Certificates   affected  thereby.  Any  such  consent  by  the  Holder  of  this
Certificate  shall be conclusive  and binding on such Holder and upon all future
holders of this  Certificate  and of any  Certificate  issued upon the  transfer
hereof or in exchange  herefor or in lieu hereof whether or not notation of such
consent is made upon the  Certificate.  The Agreement also permits the amendment
thereof in certain  circumstances  without  the consent of the Holders of any of
the Certificates and, in certain additional  circumstances,  without the consent
of the Holders of certain Classes of Certificates.

               As provided in the Agreement  and subject to certain  limitations
therein  set forth,  the  transfer of this  Certificate  is  registrable  in the
Certificate  Register upon surrender of this  Certificate  for  registration  of
transfer  at the  offices or  agencies  appointed  by the Trustee in the City of
Minneapolis, Minnesota, duly endorsed by, or accompanied by an assignment in the
form below or other written  instrument of transfer in form  satisfactory to the
Trustee and the Certificate Registrar duly executed by the Holder hereof or such
Holder's  attorney  duly  authorized  in writing,  and thereupon one or more new
Certificates of authorized denominations evidencing the same Class and aggregate
Percentage Interest will be issued to the designated transferee or transferees.

               The  Certificates  are issuable only as  registered  Certificates
without coupons in Classes and in denominations  specified in the Agreement.  As
provided in the Agreement and subject to certain  limitations therein set forth,
Certificates are  exchangeable for new Certificates of authorized  denominations
evidencing the same Class and aggregate Percentage Interest, as requested by the
Holder surrendering the same.

               No  service  charge  will be made  for any such  registration  of
transfer or exchange, but the Trustee may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith.

               The  Company,  the  Servicer,  the  Trustee  and the  Certificate
Registrar  and any  agent of the  Company,  the  Servicer,  the  Trustee  or the
Certificate  Registrar  may treat the Person in whose name this  Certificate  is
registered  as the owner hereof for all purposes,  and neither the Company,  the
Servicer,  the  Trustee  nor any such agent  shall be  affected by notice to the
contrary.

                                        C-4

<PAGE>

               This Certificate shall be governed by and construed in accordance
with the laws of the State of New York.

               The  obligations  created  by the  Agreement  in  respect  of the
Certificates and the Trust Fund created thereby shall terminate upon the payment
to  Certificateholders  of all  amounts  held by or on behalf of the Trustee and
required to be paid to them pursuant to the  Agreement  following the earlier of
(i) the maturity or other  liquidation of the last Mortgage Loan subject thereto
or the disposition of all property  acquired upon foreclosure or deed in lieu of
foreclosure  of any Mortgage Loan and (ii) the purchase by the Servicer from the
Trust Fund of all remaining  Mortgage Loans and all property acquired in respect
of such Mortgage Loans,  thereby effecting early retirement of the Certificates.
The Agreement permits,  but does not require,  the Servicer to (i) purchase at a
price  determined as provided in the Agreement all remaining  Mortgage Loans and
all property acquired in respect of any Mortgage Loan or (ii) purchase in whole,
but not in part, all of the  Certificates  from the Holders  thereof;  provided,
that any such option may only be exercised if the Pool Stated Principal  Balance
of the Mortgage Loans as of the Distribution Date upon which the proceeds of any
such  purchase  are  distributed  is less than ten percent of the  Cut-off  Date
Principal Balance of the Mortgage Loans.

               Unless the certificate of authentication hereon has been executed
by the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.

                                        C-5

<PAGE>

               IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed.

Dated:  December 21, 2000          WELLS FARGO BANK MINNESOTA, N.A.,
                                   Not in its individual capacity but solely as
                                   Trustee

                                  By:
                                     ----------------------------------------
                                       Authorized Signatory

                          CERTIFICATE OF AUTHENTICATION

               This  is one of the  Class  B-  Certificates  referred  to in the
within-mentioned Agreement.

                               WELLS FARGO BANK MINNESOTA, N.A.,
                                 Not in its individual capacity but solely as
                                 Certificate Registrar

                               By:
                                  ----------------------------------------
                                    Authorized Signatory

                                        C-6

<PAGE>

                                   ASSIGNMENT

               FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and
transfer(s)  unto (Please print or typewrite name and address  including  postal
zip code of  assignee)  a  Percentage  Interest  evidenced  by the within  GMACM
Mortgage  Pass-Through   Certificate  and  hereby  authorizes  the  transfer  of
registration  of such  interest to assignee on the  Certificate  Register of the
Trust Fund.

               I (We) further  direct the  Certificate  Registrar to issue a new
Certificate of a like  denomination  and Class,  to the above named assignee and
deliver such Certificate to the following address:

Dated:
                                          Signature by or on behalf of assignor

                                                 Signature Guaranteed

                            DISTRIBUTION INSTRUCTIONS

     The assignee should include the following for purposes of distribution:

     Distributions shall be made, by wire transfer or otherwise,  in immediately
available    funds   to    ________________________    for   the    account   of
________________________  account  number____________________,  or, if mailed by
check,    to    ________________________________________________-.    Applicable
statements should be mailed to _________________________________________.

     This  information is provided by  __________________________,  the assignee
named above, or _____________________________, as its agent.

                                        C-7

<PAGE>

                                    EXHIBIT D

                           FORM OF CLASS R CERTIFICATE

THIS CERTIFICATE MAY NOT BE HELD BY OR TRANSFERRED TO A NON-UNITED STATES PERSON
OR A DISQUALIFIED ORGANIZATION (AS DEFINED BELOW).

SOLELY FOR U.S.  FEDERAL  INCOME TAX PURPOSES,  THIS  CERTIFICATE IS A "RESIDUAL
INTEREST"  IN A "REAL  ESTATE  MORTGAGE  INVESTMENT  CONDUIT" AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986 (THE "CODE").

NO TRANSFER OF THIS CERTIFICATE MAY BE MADE TO ANY PERSON, UNLESS THE TRANSFEREE
PROVIDES EITHER A CERTIFICATION  PURSUANT TO SECTION 5.02(e) OF THE AGREEMENT OR
AN OPINION OF COUNSEL SATISFACTORY TO THE SERVICER,  THE COMPANY AND THE TRUSTEE
THAT THE  PURCHASE  OF THIS  CERTIFICATE  WILL NOT  CONSTITUTE  OR  RESULT  IN A
NON-EXEMPT  PROHIBITED  TRANSACTION UNDER SECTION 406 OF THE EMPLOYEE RETIREMENT
INCOME SECURITY ACT OF 1974, AS AMENDED  ("ERISA"),  OR SECTION 4975 OF THE CODE
AND WILL NOT SUBJECT THE SERVICER,  THE COMPANY OR THE TRUSTEE TO ANY OBLIGATION
OR LIABILITY IN ADDITION TO THOSE UNDERTAKEN IN THE AGREEMENT.

ANY RESALE,  TRANSFER OR OTHER  DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY
IF THE PROPOSED TRANSFEREE PROVIDES A TRANSFER AFFIDAVIT TO THE SERVICER AND THE
TRUSTEE  THAT (1) SUCH  TRANSFEREE  IS NOT (A) THE UNITED  STATES,  ANY STATE OR
POLITICAL  SUBDIVISION  THEREOF,  ANY  POSSESSION OF THE UNITED  STATES,  OR ANY
AGENCY OR INSTRUMENTALITY OF ANY OF THE FOREGOING (OTHER THAN AN INSTRUMENTALITY
WHICH IS A CORPORATION  IF ALL OF ITS  ACTIVITIES  ARE SUBJECT TO TAX AND EXCEPT
FOR THE FHLMC,  A MAJORITY  OF ITS BOARD OF  DIRECTORS  IS NOT  SELECTED BY SUCH
GOVERNMENTAL UNIT), (B) A FOREIGN GOVERNMENT, ANY INTERNATIONAL ORGANIZATION, OR
ANY AGENCY OR INSTRUMENTALITY  OF EITHER OF THE FOREGOING,  (C) ANY ORGANIZATION
(OTHER THAN CERTAIN FARMERS' COOPERATIVES  DESCRIBED IN SECTION 521 OF THE CODE)
WHICH IS  EXEMPT  FROM THE TAX  IMPOSED  BY  CHAPTER 1 OF THE CODE  UNLESS  SUCH
ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION 511 OF THE CODE (INCLUDING
THE TAX  IMPOSED  BY  SECTION  511 OF THE  CODE ON  UNRELATED  BUSINESS  TAXABLE
INCOME),  (D) RURAL  ELECTRIC AND  TELEPHONE  COOPERATIVES  DESCRIBED IN SECTION
1381(a)(2)(C)  OF THE CODE,  (E) AN ELECTING  LARGE  PARTNERSHIP  UNDER  SECTION
775(a) OF THE CODE (ANY SUCH PERSON DESCRIBED IN THE FOREGOING CLAUSES (A), (B),
(C), (D) OR (E) BEING HEREIN REFERRED TO AS A "DISQUALIFIED  ORGANIZATION"),  OR
(F) AN AGENT OF A DISQUALIFIED ORGANIZATION,  (2) NO PURPOSE OF SUCH TRANSFER IS
TO IMPEDE THE ASSESSMENT OR COLLECTION OF TAX AND (3) SUCH TRANSFEREE  SATISFIES
CERTAIN  ADDITIONAL  CONDITIONS  RELATING  TO  THE  FINANCIAL  CONDITION  OF THE

                                        D-1

<PAGE>

PROPOSED  TRANSFEREE.   NOTWITHSTANDING  THE  REGISTRATION  IN  THE  CERTIFICATE
REGISTER OR ANY TRANSFER,  SALE OR OTHER  DISPOSITION  OF THIS  CERTIFICATE TO A
DISQUALIFIED  ORGANIZATION  OR AN AGENT  OF A  DISQUALIFIED  ORGANIZATION,  SUCH
REGISTRATION  SHALL BE DEEMED TO BE OF NO LEGAL FORCE OR EFFECT  WHATSOEVER  AND
SUCH  PERSON  SHALL  NOT BE  DEEMED TO BE A  CERTIFICATEHOLDER  FOR ANY  PURPOSE
HEREUNDER,  INCLUDING,  BUT NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON THIS
CERTIFICATE.  EACH HOLDER OF THIS  CERTIFICATE BY ACCEPTANCE OF THIS CERTIFICATE
SHALL BE DEEMED TO HAVE CONSENTED TO THE PROVISIONS OF THIS PARAGRAPH.

Certificate No. 1                 7.50% Pass-Through Rate

Class R-[  ] Senior               Aggregate Initial Certificate Principal
                                  Balance of the Class R-[  ] Certificates:
Date of Pooling and Servicing     $100.00
Agreement and Cut-off Date:
December 21, 2000                 Initial Certificate Principal
                                  Balance of this Certificate:
First Distribution Date:          $[_______________________________]
January 25, 2001
                                  Percentage Interest:
Servicer:                          __________________%
GMAC Mortgage Corporation
                                  CUSIP
Assumed Final Distribution Date:
[  ]

                           GMACM MORTGAGE PASS-THROUGH CERTIFICATE,
                                 SERIES 2000-J6

        evidencing a percentage  interest in any distributions  allocable to the
        Class R-[ ]  Certificates  with  respect  to the Trust  Fund  consisting
        primarily of a pool of conventional  one- to four-family  fixed interest
        rate first mortgage loans formed and sold by RESIDENTIAL  ASSET MORTGAGE
        PRODUCTS, INC.

     This  Certificate  is payable solely from the assets of the Trust Fund, and
does not represent an obligation of or interest in  Residential  Asset  Mortgage
Products,  Inc.,  the Servicer,  the Trustee  referred to below or GMAC Mortgage
Group,  Inc.  or any of  their  affiliates.  Neither  this  Certificate  nor the
underlying  Mortgage Loans are guaranteed or insured by any governmental  agency
or  instrumentality  or  by  Residential  Asset  Mortgage  Products,  Inc.,  the
Servicer,  the Trustee or GMAC Mortgage Group,  Inc. or any of their affiliates.
None of the Company,  the Servicer,  GMAC Mortgage  Group,  Inc. or any of their
affiliates  will have any  obligation  with respect to any  certificate or other
obligation secured by or payable from payments on the Certificates.

                                        D-2

<PAGE>

               This certifies that [ ] is the registered owner of the Percentage
Interest  evidenced  by this  Certificate  (obtained  by  dividing  the  Initial
Certificate  Principal  Balance of this  Certificate  by the  aggregate  Initial
Certificate Principal Balance of all Class R-[ ] Certificates, both as specified
above) in  certain  distributions  with  respect  to the Trust  Fund  consisting
primarily of a pool of  conventional  one- to  four-family  fixed  interest rate
first  mortgage  loans (the  "Mortgage  Loans"),  formed and sold by Residential
Asset Mortgage  Products,  Inc.  (hereinafter  called the "Company,"  which term
includes any successor entity under the Agreement  referred to below). The Trust
Fund  was  created  pursuant  to a  Pooling  and  Servicing  Agreement  dated as
specified  above (the  "Agreement")  among the  Company,  the Servicer and Wells
Fargo Bank Minnesota,  N.A., as trustee (the "Trustee"), a summary of certain of
the  pertinent  provisions  of which is set forth  hereafter.  To the extent not
defined herein,  the capitalized terms used herein have the meanings assigned in
the  Agreement.  This  Certificate  is issued under and is subject to the terms,
provisions  and conditions of the  Agreement,  to which  Agreement the Holder of
this  Certificate by virtue of the  acceptance  hereof assents and by which such
Holder is bound.

               Pursuant to the terms of the Agreement,  a  distribution  will be
made on the 25th day of each month or, if such 25th day is not a  Business  Day,
the Business Day immediately following (the "Distribution Date"),  commencing as
described  in the  Agreement,  to the Person in whose name this  Certificate  is
registered  at the close of business on the last day (or if such last day is not
a Business  Day, the Business Day  immediately  preceding  such last day) of the
month immediately  preceding the month of such distribution (the "Record Date"),
from the Available  Distribution Amount in an amount equal to the product of the
Percentage Interest evidenced by this Certificate and the amount of interest and
principal,  if  any  required  to be  distributed  to  Holders  of  Class  R-[ ]
Certificates on such Distribution Date.

               Each Holder of this  Certificate will be deemed to have agreed to
be bound by the  restrictions  set forth in the Agreement to the effect that (i)
each person holding or acquiring any Ownership Interest in this Certificate must
be a United States Person and a Permitted  Transferee,  (ii) the transfer of any
Ownership  Interest in this Certificate will be conditioned upon the delivery to
the Trustee of,  among other  things,  an  affidavit  to the effect that it is a
United States Person and Permitted Transferee,  (iii) any attempted or purported
transfer of any  Ownership  Interest in this  Certificate  in  violation of such
restrictions  will be  absolutely  null and void and will  vest no rights in the
purported  transferee,  and (iv) if any person other than a United States Person
and a Permitted  Transferee  acquires any Ownership Interest in this Certificate
in violation of such restrictions,  then the Company will have the right, in its
sole  discretion and without notice to the Holder of this  Certificate,  to sell
this Certificate to a purchaser selected by the Company,  which purchaser may be
the Company,  or any affiliate of the Company,  on such terms and  conditions as
the Company may choose.

               Notwithstanding   the  above,  the  final  distribution  on  this
Certificate  will be made after due notice of the pendency of such  distribution
and only upon  presentation  and surrender of this  Certificate at the office or
agency  appointed  by the Trustee for that  purpose in the City of  Minneapolis,
Minnesota.  The Initial Certificate Principal Balance of this Certificate is set
forth above.  The  Certificate  Principal  Balance hereof will be reduced to the

                                        D-3

<PAGE>

extent of distributions allocable to principal and any Realized Losses allocable
hereto.  Notwithstanding  the  reduction of the  Certificate  Principal  Balance
hereof to zero, this Certificate will remain outstanding under the Agreement and
the  Holder  hereof  may  have  additional  obligations  with  respect  to  this
Certificate,   including  tax  liabilities,  and  may  be  entitled  to  certain
additional  distributions hereon, in accordance with the terms and provisions of
the Agreement.

               No transfer of this Class R-[ ]  Certificate  will be made unless
the Trustee has received  either (i) an opinion of counsel  acceptable to and in
form and  substance  satisfactory  to the Trustee,  the Company and the Servicer
with  respect  to  the  permissibility  of  such  transfer  under  the  Employee
Retirement Income Security Act of 1974, as amended  ("ERISA"),  and Section 4975
of the Internal Revenue Code (the "Code") and stating,  among other things, that
the transferee's acquisition of a Class R-[ ] Certificate will not constitute or
result in a  non-exempt  prohibited  transaction  under  Section 406 of ERISA or
Section  4975 of the  Code  or  (ii) a  representation  letter,  in the  form as
described  by the  Agreement,  stating  that the  transferee  is not an employee
benefit or other plan subject to the prohibited  transaction provisions of ERISA
or  Section  4975 of the Code (a  "Plan"),  or any other  person  (including  an
investment manager, a named fiduciary or a trustee of any Plan) acting, directly
or indirectly,  on behalf of or purchasing any Certificate with "plan assets" of
any Plan.

               This   Certificate  is  one  of  a  duly   authorized   issue  of
Certificates issued in several Classes designated as GMACM Mortgage Pass-Through
Certificates  of the Series  specified  hereon (herein  collectively  called the
"Certificates").

               The  Certificates  are  limited  in right of  payment  to certain
collections  and  recoveries   respecting  the  Mortgage  Loans,   all  as  more
specifically set forth herein and in the Agreement.  In the event Servicer funds
are advanced with respect to any Mortgage Loan,  such advance is reimbursable to
the Servicer,  to the extent provided in the Agreement,  from related recoveries
on such Mortgage Loan or from other cash that would have been  distributable  to
Certificateholders.

               As  provided in the  Agreement,  withdrawals  from the  Custodial
Account and/or the Payment Account created for the benefit of Certificateholders
may be  made  by the  Servicer  from  time  to  time  for  purposes  other  than
distributions to Certificateholders,  such purposes including without limitation
reimbursement to the Servicer of advances made, or certain expenses incurred, by
it.

               The Agreement permits,  with certain exceptions therein provided,
the  amendment  of  the  Agreement  and  the  modification  of  the  rights  and
obligations  of the Company,  the Servicer and the Trustee and the rights of the
Certificateholders  under the Agreement at any time by the Company, the Servicer
and the Trustee with the consent of the Holders of  Certificates  evidencing  in
the  aggregate  not less than 66% of the  Percentage  Interests of each Class of
Certificates   affected  thereby.  Any  such  consent  by  the  Holder  of  this
Certificate  shall be conclusive  and binding on such Holder and upon all future
holders of this  Certificate  and of any  Certificate  issued upon the  transfer
hereof or in exchange  herefor or in lieu hereof whether or not notation of such
consent is made upon the  Certificate.  The Agreement also permits the amendment
thereof in certain  circumstances  without  the consent of the Holders of any of
the Certificates and, in certain additional  circumstances,  without the consent
of the Holders of certain Classes of Certificates.

                                        D-4

<PAGE>

               As provided in the Agreement  and subject to certain  limitations
therein  set forth,  the  transfer of this  Certificate  is  registrable  in the
Certificate  Register upon surrender of this  Certificate  for  registration  of
transfer  at the  offices or  agencies  appointed  by the Trustee in the City of
Minneapolis, Minnesota, duly endorsed by, or accompanied by an assignment in the
form below or other written  instrument of transfer in form  satisfactory to the
Trustee and the Certificate Registrar duly executed by the Holder hereof or such
Holder's  attorney  duly  authorized  in writing,  and thereupon one or more new
Certificates of authorized denominations evidencing the same Class and aggregate
Percentage Interest will be issued to the designated transferee or transferees.

               The  Certificates  are issuable only as  registered  Certificates
without coupons in Classes and in denominations  specified in the Agreement.  As
provided in the Agreement and subject to certain  limitations therein set forth,
Certificates are  exchangeable for new Certificates of authorized  denominations
evidencing the same Class and aggregate Percentage Interest, as requested by the
Holder surrendering the same.

               No  service  charge  will be made  for any such  registration  of
transfer or exchange, but the Trustee may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith.

               The  Company,  the  Servicer,  the  Trustee  and the  Certificate
Registrar  and any  agent of the  Company,  the  Servicer,  the  Trustee  or the
Certificate  Registrar  may treat the Person in whose name this  Certificate  is
registered  as the owner hereof for all purposes,  and neither the Company,  the
Servicer,  the  Trustee  nor any such agent  shall be  affected by notice to the
contrary.

               This Certificate shall be governed by and construed in accordance
with the laws of the State of New York.

               The  obligations  created  by the  Agreement  in  respect  of the
Certificates and the Trust Fund created thereby shall terminate upon the payment
to  Certificateholders  of all  amounts  held by or on behalf of the Trustee and
required to be paid to them pursuant to the  Agreement  following the earlier of
(i) the maturity or other  liquidation of the last Mortgage Loan subject thereto
or the disposition of all property  acquired upon foreclosure or deed in lieu of
foreclosure  of any Mortgage Loan and (ii) the purchase by the Servicer from the
Trust Fund of all remaining  Mortgage Loans and all property acquired in respect
of such Mortgage Loans,  thereby effecting early retirement of the Certificates.
The Agreement permits,  but does not require,  the Servicer to (i) purchase at a
price  determined as provided in the Agreement all remaining  Mortgage Loans and
all property acquired in respect of any Mortgage Loan or (ii) purchase in whole,
but not in part, all of the  Certificates  from the Holders  thereof;  provided,
that any such option may only be exercised if the Pool Stated Principal  Balance
of the Mortgage Loans as of the Distribution Date upon which the proceeds of any
such  purchase  are  distributed  is less than ten percent of the  Cut-off  Date
Principal Balance of the Mortgage Loans.

               Unless the certificate of authentication hereon has been executed
by the Certificate Registrar, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any purpose.

                                        D-5

<PAGE>

               IN WITNESS WHEREOF, the Trustee has caused this Certificate to be
duly executed.

Dated:  December 21, 2000   WELLS FARGO BANK MINNESOTA, N.A.,
                            Not in its individual capacity but solely as
                            Trustee

                                   By:
                                      ----------------------------------------
                                        Authorized Signatory

                          CERTIFICATE OF AUTHENTICATION

               This is one of the Class R-[ ]  Certificates  referred  to in the
within-mentioned Agreement.

                              WELLS FARGO BANK MINNESOTA, N.A.,
                                Not in its individual capacity but solely as
                                Certificate Registrar

                              By:
                                 ----------------------------------------
                                   Authorized Signatory

                                        D-6
<PAGE>

                                   ASSIGNMENT

     FOR  VALUE  RECEIVED,   the  undersigned  hereby  sell(s),   assign(s)  and
transfer(s)  unto  ____________________  (Please  print  or  typewrite  name and
address including postal zip code of assignee) a Percentage  Interest  evidenced
by the within GMACM Mortgage Pass-Through  Certificate and hereby authorizes the
transfer  of  registration  of such  interest  to  assignee  on the  Certificate
Register of the Trust Fund.

               I (We) further  direct the  Certificate  Registrar to issue a new
Certificate of a like  denomination  and Class,  to the above named assignee and
deliver such Certificate to the following address:

Dated:
                            -------------------------------------------
                            Signature by or on behalf of assignor

                                 Signature Guaranteed

                            DISTRIBUTION INSTRUCTIONS

     The assignee should include the following for purposes of distribution:

     Distributions shall be made, by wire transfer or otherwise,  in immediately
available    funds   to    ________________________    for   the    account   of
________________________  account  number____________________,  or, if mailed by
check,    to    ________________________________________________-.    Applicable
statements should be mailed to _________________________________________.

     This  information is provided by  __________________________,  the assignee
named above, or _____________________________, as its agent.

                                        D-7

<PAGE>

                                    EXHIBIT E

                             MORTGAGE LOAN SCHEDULE

<TABLE>
<CAPTION>

                                                            2000-J6

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

<S>                              <C>          <C>                  <C>                 <C>                 <C>   <C>
 12350790                        10.000       $464,000.00          $462,719.56         $462,950.41         09/01/2000
 SPILLANE, KEVIN W                            10/29/1999           351                 Primary Residence   Construction-Permanent
 334 TAMARACK SHORES                          Stated Income        N                   11/01/2000          80
 SHELBURNE                  VT   05482-0000   $4,088.77            11/01/2029          DEC2000             $380.86

 12381020                        8.750        $397,003.00          $369,964.42         $369,964.42         10/01/2000
 SPITZFADEN, GREGORY                          11/18/1999           351                 Primary Residence   Construction-Permanent
 OLD JAFFREY ROAD                             Standard             N                   12/01/2000          75.6196
 PETERBOROUGH               NH   03458-0000   $3,139.97            12/01/2029          DEC2000             $26,297.73
 12388970                        8.500        $343,850.00          $342,507.59         $342,735.29         07/01/2000
 LYNCH, JOSEPH                                10/04/1999           353                 Primary Residence   Construction-Permanent
 IRON BRIDGE ROAD                             Standard             N                   11/01/2000          89.999
 CHESTERFIELD               NJ   08501-0000   $2,655.41            11/01/2029          DEC2000             $0.00

 12493990                        7.875        $282,100.00          $281,610.43         $281,610.43         11/01/2000
 BARNEY, RYAN A                               09/29/2000           360                 Primary Residence   Construction-Permanent
 1313 STEARNS RD                              Standard             N                   12/01/2000          72.4113
 OAKDALE                    CA   95361-0000   $2,045.43            10/01/2030          DEC2000             $100.00

 12499420                        7.625        $328,900.00          $328,900.00         $328,900.00         01/01/2001
 GOLDEN, TAMBERLIN M                          11/13/2000           360                 Primary Residence   Purchase
 6876 RICHMOND COURT                          Relocation           N                   12/01/2000          68.5745
 TROY                       MI   48084-0000   $2,327.94            12/01/2030          DEC2000             $0.00
 12747830                        9.000        $383,500.00          $382,830.20         $382,830.20         10/01/2000
 KAPLAN, STEVEN D                             01/21/2000           353                 Primary Residence   Construction-Permanent
 73-27 136TH STREET                           Standard             N                   12/01/2000          59
 FLUSHING                   NY   11367-0000   $3,097.85            02/01/2030          DEC2000             $0.00

 12891300                        6.875        $400,000.00          $384,613.33         $384,189.12         04/01/1999
 SILBERSTEIN, STEVEN DREW                     02/03/1999           360                 Primary Residence   Refinance
 508 FOURTEEN STREET                          Streamline           N                   01/01/2001          43.62
 SANTA MONICA               CA   90402-0000   $2,627.72            03/01/2029          DEC2000             $7,910.18

 12904750                        7.000        $260,000.00          $255,253.45         $255,253.45         04/01/1999
 SALLEE, VANCE                                02/18/1999           360                 primary residence   Refinance
 4101 CATHANN ST                              Standard             N                   12/01/2000          67.53
 TORRANCE                   CA   90503-0000   $1,729.79            03/01/2029          DEC2000             ($0.02)
 12929190                        7.250        $429,000.00          $422,283.49         $422,283.49         06/01/1999
 WILEY, SAMUEL L                              04/04/1999           360                 Primary Residence   Refinance
 202 VIA LA SOLEDAD                           Standard             N                   12/01/2000          68.64
 REDONDO BEACH              CA   90277-0000   $2,926.54            05/01/2029          DEC2000             $0.00

 12932580                        7.000        $260,000.00          $255,730.89         $255,730.89         06/01/1999
 SMITH, STEVEN W                              04/05/1999           360                 Primary Residence   Refinance
 6150 MORNING PLACE                           Standard             N                   12/01/2000          73.8636
 RANCHO CUCAMONGA           CA   91737-0000   $1,729.79            05/01/2029          DEC2000             ($0.02)

 12932680                        7.250        $530,000.00          $518,425.81         $518,425.81         06/01/1999
 FITCH, MICHAEL TN                            04/08/1999           360                 Primary Residence   Refinance
 613 S IRENA AVENUE                           Standard             N                   12/01/2000          73.61
 REDONDO BEACH              CA   90277-0000   $3,615.54            05/01/2029          DEC2000             $3,276.38
 16943890                        8.125        $301,300.00          $300,634.44         $300,634.44         10/01/2000
 WILLIAMS, SAMUEL                             05/21/1999           345                 Primary Residence   Construction-Permanent
 1208 LEE WHATLEY DRIVE                       Standard             N                   12/01/2000          73.2475
 LITHONIA                   GA   30087-0000   $2,260.41            06/01/2029          DEC2000             $0.00

 45045464                        8.250        $261,000.00          $240,210.05         $240,210.05         08/01/1996
 ELIAS, THEODORE N                            03/31/1996           360                 Primary Residence   Purchase
 1915 WALNUT LEAF DRIVE                       Standard             N                   12/01/2000          90
 WALNUT                     CA   91789-3543   $1,960.81            07/01/2026          DEC2000             $10,190.88

 45058850                        8.000        $339,000.00          $326,182.05         $326,182.05         01/01/1997
 EWING, ANDREW L                              11/22/1996           360                 Primary Residence   Purchase
 1600 MEADOWBROOK ROAD                        Standard             N                   12/01/2000          79.76
 ALTADENA                   CA   91001-3229   $2,487.47            12/01/2026          DEC2000             $0.03
 50052110                        8.500        $447,950.00          $447,405.34         $447,405.34         11/01/2000
 KOERNER, JOHN                                09/29/2000           360                 Primary Residence   Purchase
 101 KERRY DRIVE                              Select               N                   12/01/2000          80.0001
 MONTGOMERY                 NY   12549-0000   $3,444.35            10/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 50149870                        8.500        $364,000.00          $361,099.54         $361,099.54         12/01/2000
 LYON, HEIDI S                                10/12/2000           360                 Primary Residence   Refinance
 106 BEAR PATH TRAIL                          Standard             N                   12/01/2000          85.6471
 ALEDO                      TX   76008-0000   $2,798.85            11/01/2030          DEC2000             $2,679.94
 50206240                        7.750        $650,000.00          $650,000.00         $650,000.00         01/01/2001
 MARTIN, SEAN B                               11/30/2000           360                 Primary Residence   Purchase
 17 DAVIS BROOK DRIVE                         Standard             N                   12/01/2000          68.5178
 NATICK                     MA   01760-0000   $4,656.68            12/01/2030          DEC2000             $0.00

 50221960                        8.000        $600,000.00          $455,363.90         $455,363.90         12/01/2000
 FETTERMAN, SEAN M                            10/31/2000           360                 Primary Residence   Purchase
 15934 LAUREL CREEK DRIVE                     Standard             N                   12/01/2000          64.6563
 DELRAY BEACH               FL   33446-0000   $4,402.59            11/01/2030          DEC2000             $144,233.51

 50241180                        7.875        $275,000.00          $274,525.82         $274,525.82         12/01/2000
 TYRA, LESTER W                               10/11/2000           240                 Primary Residence   Purchase
 32634 RYDER CUP CIRCLE                       Standard             N                   12/01/2000          75.4386
 MAGNOLIA                   TX   77354-0000   $2,278.87            11/01/2020          DEC2000             $0.00
 50299590                        8.125        $288,750.00          $287,597.30         $287,597.30         07/01/2000
 WILLHITE, SCOTT L                            05/31/2000           360                 Primary Residence   Purchase
 1314 CROCKER STREET                          Standard             N                   12/01/2000          75
 HOUSTON                    TX   77019-0000   $2,143.97            06/01/2030          DEC2000             ($0.01)

 50315230                        8.000        $370,000.00          $370,000.00         $370,000.00         01/01/2001
 SAMMUT, ANTONIO                              11/30/2000           360                 Primary Residence   Purchase
 55953 SEQUOIA COURT                          Standard             N                   12/01/2000          79.9671
 SHELBY TWP                 MI   48315-0000   $2,714.93            12/01/2030          DEC2000             $0.00

 50323520                        8.750        $840,000.00          $839,516.71         $839,516.71         12/01/2000
 ARTWOHL, ROBERT R                            10/23/2000           360                 Primary Residence   Refinance
 10001 SCHUSS DRIVE                           Standard             N                   12/01/2000          70
 ANCHORAGE                  AK   99516-0000   $6,608.29            11/01/2030          DEC2000             $0.00
 50347290                        8.250        $273,400.00          $273,400.00         $273,400.00         01/01/2001
 STIMAGE, MICHAEL E                           11/29/2000           360                 Primary Residence   Purchase
 5473 WOODCREEK COURT                         Standard             N                   12/01/2000          79.9857
 CLARKSTON                  MI   48348-0000   $2,053.97            12/01/2030          DEC2000             $0.00

 50354940                        8.000        $470,000.00          $470,000.00         $470,000.00         01/01/2001
 YAMADA, STACY Y                              11/17/2000           360                 Primary Residence   Purchase
 16071 SE 45TH PLACE                          Standard             N                   12/01/2000          74.4982
 BELLEVUE                   WA   98006-0000   $3,448.70            12/01/2030          DEC2000             $0.00

 50385370                        7.625        $290,800.00          $290,800.00         $290,800.00         01/01/2001
 GUSS, STEVEN M                               11/28/2000           360                 Primary Residence   Purchase
 3030 ANTLER DRIVE                            Standard             N                   12/01/2000          93.2051
 DOYLESTOWN                 PA   18901-0000   $2,058.27            12/01/2030          DEC2000             $0.00
 50401420                        8.500        $275,038.00          $275,038.00         $275,038.00         01/01/2001
 GUNN, SUSAN G                                11/30/2000           360                 Investment          Purchase
 184 COPPER ROAD #206                         Standard             N                   12/01/2000          79.7443
 COPPER MOUNTAIN            CO   80443-0000   $2,114.81            12/01/2030          DEC2000             $0.00

 50401940                        8.000        $299,850.00          $299,850.00         $299,850.00         01/01/2001
 GUNN, SUSAN G                                11/30/2000           360                 Second Home         Purchase
 184 COPPER ROAD #203                         Standard             N                   12/01/2000          79.9813
 COPPER MOUNTAIN            CO   80443-0000   $2,200.20            12/01/2030          DEC2000             $0.00

 50415580                        8.500        $328,500.00          $328,500.00         $328,500.00         01/01/2001
 JAUFMANN, EDWIN J                            11/17/2000           360                 Second Home         Purchase
 6092 INDIAN FOREST CIRCLE                    Standard             N                   12/01/2000          90
 LAKE WORTH                 FL   33463-0000   $2,525.89            12/01/2030          DEC2000             $0.00
 50422540                        8.250        $366,000.00          $365,766.61         $365,766.61         12/01/2000
 STURM, DAVID ALAN                            10/25/2000           360                 Primary Residence   Purchase
 1375 HIGH POINT DRIVE                        Standard             N                   12/01/2000          78.4776
 MOHEGAN LAKE               NY   10547-0000   $2,749.64            11/01/2030          DEC2000             $0.00

 50480150                        8.000        $358,000.00          $357,759.79         $357,759.79         12/01/2000
 HEMBREE, DOUGLAS L                           10/19/2000           360                 Primary Residence   Purchase
 716 ANTIQUITY DRIVE                          Standard             N                   12/01/2000          79.9812
 FAIRFIELD                  CA   94585-0000   $2,626.88            11/01/2030          DEC2000             $0.00

 50514860                        8.500        $323,400.00          $323,204.08         $323,204.08         12/01/2000
 MORRISON, KIMBERLY                           10/13/2000           360                 Primary Residence   Purchase
 318 EAST OLIVE STREET                        Standard             N                   12/01/2000          71.8667
 LONG BEACH                 NY   11561-0000   $2,486.67            11/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 50527020                        8.125        $498,552.00          $498,552.00         $498,552.00         01/01/2001
 TAYLOR, JAMES C                              11/29/2000           360                 Primary Residence   Purchase
 3976 ROYAL TROON DRIVE                       Standard             N                   12/01/2000          85
 EL DORADO HILLS            CA   95762-0000   $3,701.74            12/01/2030          DEC2000             $0.00
 50527650                        8.000        $425,000.00          $425,000.00         $425,000.00         01/01/2001
 SAENZ, JOHN M                                11/30/2000           360                 Primary Residence   Refinance
 300 HOMESTEAD RIDGE                          Standard             N                   12/01/2000          77.2727
 NEW BRAUNFELS              TX   78132-0000   $3,118.50            12/01/2030          DEC2000             $0.00

 50528860                        8.375        $616,000.00          $616,000.00         $616,000.00         01/01/2001
 TACKA, FRANCIS E                             11/13/2000           360                 Primary Residence   Refinance
 4609 RIDGECREST DRIVE                        Standard             N                   12/01/2000          80
 ARLINGTON                  TX   76017-0000   $4,682.05            12/01/2030          DEC2000             $0.00

 50533610                        7.750        $295,000.00          $295,000.00         $295,000.00         01/01/2001
 TRAN, VULINH P                               11/28/2000           360                 Primary Residence   Purchase
 10 PERIWINKLE                                Select               N                   12/01/2000          79.6086
 IRVINE                     CA   92620-0000   $2,113.42            12/01/2030          DEC2000             $0.00
 50533950                        7.625        $290,000.00          $289,152.35         $289,152.35         09/01/2000
 WILHITE, MARK E                              07/21/2000           360                 Primary Residence   Purchase
 5132 NEBRASKA AVE NW                         Standard             N                   12/01/2000          75.3247
 WASHINGTON                 DC   20008-0000   $2,052.61            08/01/2030          DEC2000             $0.01

 50536410                        8.625        $526,200.00          $526,200.00         $526,200.00         01/01/2001
 COLLINS, PATRICK J                           11/15/2000           360                 Primary Residence   Refinance
 84652 WEATHERBERRY LANE                      Standard             N                   12/01/2000          58.4667
 PLEASANT HILL              OR   97455-0000   $4,092.73            12/01/2030          DEC2000             $0.00

 50540170                        8.375        $330,000.00          $329,794.89         $329,794.89         12/01/2000
 HALLIHAN, JAMES A                            10/24/2000           360                 Primary Residence   Purchase
 4 LYNCREST DRIVE                             Standard             N                   12/01/2000          76.7442
 PARAMUS                    NJ   07652-0000   $2,508.24            11/01/2030          DEC2000             ($0.01)
 50541200                        7.625        $440,000.00          $439,681.53         $439,681.53         12/01/2000
 CLENDENING, JOHN J                           10/25/2000           360                 Primary Residence   Purchase
 5373 BRECKENRIDGE CT                         Select               N                   12/01/2000          70.8045
 FRISCO                     TX   75034-0000   $3,114.30            11/01/2030          DEC2000             $0.00

 50542510                        7.875        $285,624.00          $285,427.43         $285,427.43         12/01/2000
 ALLEN, SAM H                                 10/20/2000           360                 Primary Residence   Refinance
 35 HORSESHOE TRAIL                           Standard             N                   12/01/2000          79.34
 NEW BRAUNFELS              TX   78132-0000   $2,070.98            11/01/2030          DEC2000             $0.00

 50545640                        8.000        $375,000.00          $375,000.00         $375,000.00         01/01/2001
 BRANCATO, JOHN S                             11/22/2000           360                 Primary Residence   Refinance
 5817 FOREST RIVER DRIVE                      Standard             N                   12/01/2000          73.5294
 FORT WORTH                 TX   76112-0000   $2,751.62            12/01/2030          DEC2000             $0.00
 50562600                        8.125        $332,000.00          $331,782.82         $331,782.82         12/01/2000
 TESSIER, SANDRA L                            10/13/2000           360                 Primary Residence   Purchase
 5 VICTORIA LANE                              Standard             N                   12/01/2000          80
 EAST HAMPSTEAD             NH   03826-0000   $2,465.10            11/01/2030          DEC2000             $0.00

 50570270                        8.375        $306,800.00          $306,800.00         $306,800.00         01/01/2001
 KRUTMAN, ANDREW                              11/28/2000           360                 Primary Residence   Purchase
 385 BUENA VISTA ROAD                         Standard             N                   12/01/2000          80
 NEW CITY                   NY   10956-0000   $2,331.91            12/01/2030          DEC2000             $0.00

 50573210                        7.875        $350,000.00          $349,516.67         $349,516.67         11/01/2000
 CALDER, DAVIS R                              09/22/2000           360                 Primary Residence   Purchase
 2 HOWELL COURT                               VIP Relocation       N                   12/01/2000          56.9106
 WEST WINDSOR               NJ   08550-3213   $2,537.75            10/01/2030          DEC2000             $0.00
 50578870                        8.500        $416,000.00          $415,747.98         $415,747.98         12/01/2000
 KOERNER, JOHN E                              10/10/2000           360                 Primary Residence   Purchase
 23 REDAN COURT                               Standard             N                   12/01/2000          79.3592
 HAUPPAUGE                  NY   11788-0000   $3,198.69            11/01/2030          DEC2000             $0.00

 50590440                        8.125        $350,000.00          $349,671.04         $349,671.04         12/01/2000
 SHADICK, DAVID A                             10/17/2000           360                 Primary Residence   Purchase
 10 ZECK COURT                                Standard             N                   12/01/2000          60.7639
 RAMAPO                     NY   10901-0000   $2,598.75            11/01/2030          DEC2000             $100.00

 50595280                        8.250        $628,000.00          $627,599.14         $627,599.14         12/01/2000
 LEE, DAVID S                                 10/05/2000           360                 Primary Residence   Purchase
 4 GRANDVIEW AVENUE                           Standard             N                   12/01/2000          80
 UPPER SADDLE RIVER         NJ   07458-0000   $4,717.96            11/01/2030          DEC2000             $0.40

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 50603890                        7.750        $310,000.00          $309,560.99         $309,560.99         11/01/2000
 PACE, THOMAS J                               09/27/2000           360                 Primary Residence   Purchase
 3974 KAELEAF DR                              Relocation           N                   12/01/2000          77.8083
 LAKE ORION                 MI   48360-0000   $2,220.88            10/01/2030          DEC2000             $0.00
 50604380                        8.125        $650,000.00          $649,574.80         $649,574.80         12/01/2000
 BECHTOLD, SHARON L                           10/31/2000           360                 Primary Residence   Refinance
 621 WESLEY RIDGE DRIVE                       Standard             N                   12/01/2000          71.0383
 SPICEWOOD                  TX   78669-0000   $4,826.24            11/01/2030          DEC2000             $0.00

 50609720                        8.500        $303,750.00          $303,565.98         $303,565.98         12/01/2000
 MAGLIATO, CHARLES A                          10/02/2000           360                 Primary Residence   Purchase
 19 MORGAN AVENUE                             Standard             N                   12/01/2000          75
 STONEHAM                   MA   02180-3416   $2,335.58            11/01/2030          DEC2000             $0.00

 50610300                        7.750        $400,800.00          $400,232.39         $400,232.39         11/01/2000
 RUIZ, JILL T                                 09/15/2000           360                 Primary Residence   Purchase
 136 WARREN STREET #2                         Relocation           N                   12/01/2000          80
 NEWTON                     MA   02459-0000   $2,871.39            10/01/2030          DEC2000             $0.00
 50610950                        7.875        $392,000.00          $391,325.29         $391,325.29         11/01/2000
 O LEARY, DAVID M                             09/22/2000           360                 Primary Residence   Purchase
 60 ROCKLEDGE ROAD                            Standard             N                   12/01/2000          80
 BRONXVILLE                 NY   10708-0000   $2,842.28            10/01/2030          DEC2000             $133.38

 50611800                        7.875        $288,000.00          $287,602.30         $287,602.30         11/01/2000
 ENG, NICHOLAS P                              09/29/2000           360                 Primary Residence   Purchase
 17 HARTLEY LANE                              Relocation           N                   12/01/2000          73.3758
 BASKING RIDGE              NJ   07920-0000   $2,088.20            10/01/2030          DEC2000             $0.00

 50612280                        7.875        $296,900.00          $296,490.00         $296,490.00         11/01/2000
 BRAUER, MARC H                               09/22/2000           360                 Primary Residence   Purchase
 3192 ALLEN ROAD                              Relocation           N                   12/01/2000          89.997
 ORTONVILLE                 MI   48462-0000   $2,152.74            10/01/2030          DEC2000             ($0.01)
 50614190                        7.875        $586,000.00          $585,190.79         $585,190.79         11/01/2000
 GOODMAN, LOUIS J                             09/28/2000           360                 Primary Residence   Purchase
 2300 BARTON CREEK BLVD ##37                  Standard             N                   12/01/2000          73.1858
 AUSTIN                     TX   78735-0000   $4,248.91            10/01/2030          DEC2000             ($0.01)

 50615480                        7.750        $326,000.00          $325,769.91         $325,769.91         12/01/2000
 BANDREMER, SCOTT                             10/05/2000           360                 Primary Residence   Purchase
 27 SUSAN DRIVE                               Standard             N                   12/01/2000          69.3617
 NEW CITY                   NY   10956-0000   $2,335.51            11/01/2030          DEC2000             $0.00

 50620290                        8.250        $581,000.00          $580,629.52         $580,629.52         12/01/2000
 FABER, JEFFREY J                             10/06/2000           360                 Primary Residence   Purchase
 34 VANDERBILT DRIVE                          Standard             N                   12/01/2000          56.3531
 LIVINGSTON                 NJ   07039-0000   $4,364.86            11/01/2030          DEC2000             ($0.01)
 50630440                        8.375        $400,000.00          $399,751.38         $399,751.38         12/01/2000
 GRGAS, JOHN                                  10/24/2000           360                 Primary Residence   Purchase
 55 RODEO DRIVE                               Standard             N                   12/01/2000          38.0952
 SYOSSET                    NY   11791-0000   $3,040.29            11/01/2030          DEC2000             $0.00

 50630790                        8.125        $265,000.00          $264,826.65         $264,826.65         12/01/2000
 SEGAL, BRUNO                                 10/04/2000           360                 Primary Residence   Purchase
 189 JOHNSON AVENUE                           Standard             N                   12/01/2000          76.8116
 TEANECK                    NJ   07666-0000   $1,967.62            11/01/2030          DEC2000             $0.00

 50631440                        7.875        $309,700.00          $309,486.87         $309,486.87         12/01/2000
 LABAT, ERIC C                                10/27/2000           360                 Primary Residence   Purchase
 661 THORNWOOD DRIVE                          Relocation           N                   12/01/2000          89.7681
 SOUTH ELGIN                IL   60177-3237   $2,245.54            11/01/2030          DEC2000             $0.00
 50632470                        8.625        $331,000.00          $330,804.57         $330,804.57         12/01/2000
 GOOD, JAMES                                  10/12/2000           360                 Primary Residence   Purchase
 722 PARK AVENUE                              Standard             N                   12/01/2000          79.9517
 HOBOKEN                    NJ   07030-0000   $2,574.49            11/01/2030          DEC2000             $0.00

 50634020                        8.125        $328,000.00          $327,569.41         $327,569.41         11/01/2000
 SIERZANT, LYNN C                             09/29/2000           360                 Primary Residence   Purchase
 4400 CADDO PARKWAY                           Select               N                   12/01/2000          80
 BOULDER                    CO   80303-0000   $2,435.40            10/01/2030          DEC2000             $0.00

 50634750                        8.125        $328,000.00          $327,720.83         $327,720.83         12/01/2000
 SHOOK, TERESA E                              10/24/2000           360                 Primary Residence   Purchase
 8333 126TH PL SE                             Select               N                   12/01/2000          80
 NEWCASTLE                  WA   98056-9135   $2,435.40            11/01/2030          DEC2000             $64.60

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 50635230                        8.250        $325,600.00          $325,392.37         $325,392.37         12/01/2000
 O'BRIEN, THOMAS P.                           10/20/2000           360                 Primary Residence   Purchase
 1301 COUGER TRAIL                            Standard             N                   12/01/2000          80
 CARY                       IL   60013-0000   $2,446.13            11/01/2030          DEC2000             $0.00
 50635400                        7.875        $396,000.00          $395,727.47         $395,727.47         12/01/2000
 BRODERICK, SOPHIE                            10/06/2000           360                 Primary Residence   Purchase
 72 WALNUT STREET #3                          Standard             N                   12/01/2000          80
 BROOKLINE                  MA   02446-0000   $2,871.28            11/01/2030          DEC2000             $0.00

 50636360                        7.875        $274,300.00          $273,921.20         $273,921.20         11/01/2000
 MAC ARTHUR, DIANA J                          09/25/2000           360                 Primary Residence   Purchase
 9890 OAK VALLEY DRIVE                        Select               N                   12/01/2000          79.9942
 CLARKSTON                  MI   48348-0000   $1,988.87            10/01/2030          DEC2000             $0.01

 50636670                        8.000        $275,984.00          $275,798.81         $275,798.81         12/01/2000
 MCCOLLOM, PRESTON A                          10/25/2000           360                 Primary Residence   Purchase
 305 TOYON COURT                              Standard             N                   12/01/2000          79.9998
 SAN MARCOS                 CA   92069-0000   $2,025.08            11/01/2030          DEC2000             $0.00
 50637800                        7.625        $500,000.00          $499,638.12         $497,039.70         12/01/2000
 MILLER, MAX E                                10/18/2000           360                 Primary Residence   Purchase
 12967 WATER RIDGE DRIVE                      Select               N                   07/01/2001          58.8235
 MC CORDSVILLE              IN   46055-0000   $3,538.97            11/01/2030          DEC2000             $0.00

 50638610                        7.625        $366,750.00          $366,750.00         $366,750.00         01/01/2001
 TWARDZIK, THEODORE F                         11/01/2000           360                 Primary Residence   Purchase
 4956 CHESTNUT HILL ROAD                      Standard             N                   12/01/2000          75
 CENTER VALLEY              PA   18034-0000   $2,595.84            12/01/2030          DEC2000             $0.00

 50638790                        8.375        $341,600.00          $341,387.67         $341,173.86         12/01/2000
 GAGLIANO, NATHALIE D                         10/16/2000           360                 Primary Residence   Purchase
 25867 FOREST DRIVE                           Standard             N                   01/01/2001          80
 ESCONDIDO                  CA   92026-8403   $2,596.41            11/01/2030          DEC2000             $0.00
 50639160                        8.125        $296,100.00          $295,711.29         $295,711.29         11/01/2000
 BUTTERWORTH, SAMUEL                          09/15/2000           360                 Primary Residence   Purchase
 7879 LAKEWOOD DRIVE                          Standard             N                   12/01/2000          90
 AUSTIN                     TX   78750-0000   $2,198.54            10/01/2030          DEC2000             $0.01

 50641040                        7.625        $310,000.00          $309,775.62         $309,775.62         12/01/2000
 HENDERSON, JOHN PATRICK                      10/20/2000           360                 Primary Residence   Purchase
 1084 CEDAR LANE                              Standard             N                   12/01/2000          75.6098
 WYCOMBE                    PA   18980-0000   $2,194.17            11/01/2030          DEC2000             $0.00

 50642300                        8.125        $255,900.00          $255,495.36         $255,495.36         11/01/2000
 GORTON, EDWARD D                             09/29/2000           360                 Primary Residence   Purchase
 1125 TWINBERRY COURT                         Standard             N                   12/01/2000          79.9937
 FT COLLINS                 CO   80525-0000   $1,900.06            10/01/2030          DEC2000             $68.70
 50642420                        8.125        $400,000.00          $399,738.34         $399,738.34         12/01/2000
 THAYER, JANIS                                10/03/2000           360                 Primary Residence   Purchase
 1735 CRIMSON TERRACE                         VIP Relocation       N                   12/01/2000          74.6269
 BRENTWOOD                  CA   94513-0000   $2,969.99            11/01/2030          DEC2000             $0.00

 50646150                        8.250        $345,000.00          $344,558.50         $344,558.50         11/01/2000
 GARZA, LUIS CARLOS                           09/28/2000           360                 Primary Residence   Purchase
 6305 SW 113 STREET                           Standard             N                   12/01/2000          65.7143
 MIAMI                      FL   33156-0000   $2,591.87            10/01/2030          DEC2000             $0.00

 50647750                        7.750        $399,200.00          $398,634.68         $398,634.68         11/01/2000
 PIERCE, ALBERT R                             09/26/2000           360                 Primary Residence   Purchase
 1021 W CROCKETT STREET                       VIP Relocation       N                   12/01/2000          80
 SEATTLE                    WA   98119-2833   $2,859.92            10/01/2030          DEC2000             ($0.01)
 50647960                        8.125        $286,000.00          $285,624.55         $285,624.55         11/01/2000
 MACHULSKI, JOHN L                            09/29/2000           360                 Primary Residence   Purchase
 29 BASSETT LANE                              Standard             N                   12/01/2000          80
 NEWFIELDS                  NH   03856-0000   $2,123.55            10/01/2030          DEC2000             $0.00

 50649920                        8.250        $479,200.00          $478,586.76         $478,586.76         11/01/2000
 DAVIDSON, RAYMOND C                          09/27/2000           360                 Primary Residence   Purchase
 3938 MORENO DRIVE                            Standard             N                   12/01/2000          80
 PALM HARBOR                FL   34685-0000   $3,600.07            10/01/2030          DEC2000             $0.00

 50651240                        7.750        $292,000.00          $291,578.40         $291,578.40         11/01/2000
 CAMPBELL, DENNIS L                           09/15/2000           360                 Primary Residence   Purchase
 1112 BRIAR RIDGE DRIVE                       Relocation           N                   12/01/2000          80
 KELLER                     TX   76248-0000   $2,091.93            10/01/2030          DEC2000             $8.08

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 50652970                        7.750        $425,900.00          $425,599.40         $425,599.40         12/01/2000
 FARLEY, WELDON D                             10/06/2000           360                 Primary Residence   Purchase
 326 CHESTNUT FOREST COVE                     Relocation           N                   12/01/2000          84.9973
 FORT WAYNE                 IN   46814-0000   $3,051.20            11/01/2030          DEC2000             $0.00
 50654830                        8.125        $548,000.00          $547,218.20         $547,218.20         11/01/2000
 JENNIER, WALTER A                            09/27/2000           360                 Primary Residence   Purchase
 3020 CREWS LAKE DRIVE                        Select               N                   12/01/2000          80
 LAKELAND                   FL   33813-5808   $4,068.89            10/01/2030          DEC2000             $62.43

 50654930                        7.875        $279,900.00          $279,707.37         $279,707.37         12/01/2000
 MARTIN, DAVID L                              10/04/2000           360                 Primary Residence   Purchase
 43 LAKE RICONDA DRIVE                        Relocation           N                   12/01/2000          79.9943
 RINGWOOD                   NJ   07486-0000   $2,029.47            11/01/2030          DEC2000             $0.00

 50655260                        8.000        $316,800.00          $316,373.44         $316,373.44         11/01/2000
 NICKEY, WILLIAM J                            09/22/2000           360                 Primary Residence   Refinance
 1245 MEADOWOOD COURT                         Standard             N                   12/01/2000          80
 STEAMBOAT SPRINGS          CO   80487-0000   $2,324.57            10/01/2030          DEC2000             $0.00
 50655390                        8.250        $650,000.00          $649,585.51         $649,585.51         12/01/2000
 LILINSHTEIN, EDWARD                          10/30/2000           360                 Primary Residence   Purchase
 19 VANDERBILT DR                             Standard             N                   12/01/2000          55.3191
 LIVINGSTON                 NJ   07039-0000   $4,883.24            11/01/2030          DEC2000             $0.00

 50657780                        8.125        $269,600.00          $269,246.08         $269,246.08         11/01/2000
 DICKERSON, SUSAN L                           09/20/2000           360                 Second Home         Purchase
 1430 16 ROAD                                 Standard             N                   12/01/2000          80
 LOMA                       CO   81524-0000   $2,001.78            10/01/2030          DEC2000             $0.00

 50659070                        8.500        $650,000.00          $650,000.00         $650,000.00         01/01/2001
 SPANIERMAN, IRA                              11/03/2000           360                 Primary Residence   Purchase
 40 EAST 78 TH STREET #9D                     Standard             N                   12/01/2000          76.4706
 NEW YORK                   NY   10021-0000   $4,997.94            12/01/2030          DEC2000             $0.00
 50659820                        8.250        $350,000.00          $349,552.09         $349,552.09         11/01/2000
 ACOSTA, FERNANDO L                           09/29/2000           360                 Primary Residence   Purchase
 9893 PALM VISTA WAY                          Standard             N                   12/01/2000          78.3268
 BOCA RATON                 FL   33428-0000   $2,629.44            10/01/2030          DEC2000             $0.00

 50660870                        8.250        $399,100.00          $399,100.00         $399,100.00         01/01/2001
 LATHOS, JASON CHRISTOPHER                    11/16/2000           360                 Primary Residence   Purchase
 27116 PRESTANCIA WAY                         Standard             N                   12/01/2000          79.9816
 SALINAS                    CA   93908-0000   $2,998.31            12/01/2030          DEC2000             $0.00

 50661360                        8.250        $353,500.00          $353,500.00         $353,500.00         01/01/2001
 FARNAM, ROBERT E                             11/20/2000           360                 Primary Residence   Purchase
 2985 COMFORT ROAD                            Standard             N                   12/01/2000          70
 NEW HOPE                   PA   18938-0000   $2,655.73            12/01/2030          DEC2000             $0.00
 50661640                        7.750        $350,000.00          $349,504.34         $349,504.34         11/01/2000
 ENDRES, THOMAS E                             09/08/2000           360                 Primary Residence   Purchase
 4294 DOMINION BLVD                           Select               N                   12/01/2000          56
 BRIGHTON                   MI   48114-0000   $2,507.45            10/01/2030          DEC2000             $0.00

 50662070                        8.500        $285,000.00          $284,627.34         $284,627.34         12/01/2000
 MACALUSO, JOSEPH R                           10/26/2000           360                 Primary Residence   Refinance
 158 SHADY LANE                               Standard             N                   12/01/2000          74.026
 SMITHTOWN                  NY   11787-0000   $2,191.41            11/01/2030          DEC2000             $200.00

 50662930                        8.375        $840,000.00          $839,477.89         $838,952.14         12/01/2000
 CHICHESTER, WILLIAM J                        10/18/2000           360                 Primary Residence   Purchase
 12351 WEST BAY SHORE DRIVE                   Select               N                   01/01/2001          70
 TRAVERSE CITY              MI   49684-0000   $6,384.61            11/01/2030          DEC2000             $0.00
 50666310                        8.750        $344,000.00          $343,365.69         $343,566.77         11/01/2000
 TIKKA, N CRAIG                               09/29/2000           360                 Primary Residence   Purchase
 3616 WISHKAH ROAD                            Standard             N                   11/01/2000          80
 ABERDEEN                   WA   98520-0000   $2,706.25            10/01/2030          DEC2000             $237.03

 50668510                        7.625        $263,150.00          $262,767.87         $262,767.87         11/01/2000
 GOMEZ, CARLOS M                              09/28/2000           360                 Primary Residence   Purchase
 13320 SW 103RD  AVENUE                       Standard             N                   12/01/2000          95
 MIAMI                      FL   33176-0000   $1,862.56            10/01/2030          DEC2000             $0.00

 50669030                        8.500        $109,000.00          $108,542.55         $108,542.55         11/01/2000
 BUCKLEY, REBECCA ANN                         10/06/2000           360                 Primary Residence   Refinance
 4401 219TH STREET SOUTHWEST                  Stated Income        N                   12/01/2000          55.0505
 MOUNTLAKE TERRACE          WA   98043-0000   $838.12              10/01/2030          DEC2000             $324.91

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 50669330                        8.375        $319,300.00          $319,051.53         $319,051.53         12/01/2000
 PERFETTI, MICHAEL P                          10/13/2000           360                 Primary Residence   Purchase
 24340 BLACK WALNUT DRIVE                     Standard             N                   12/01/2000          79.995
 LAKEVILLE                  MN   55044-0000   $2,426.92            11/01/2030          DEC2000             $50.00
 50670520                        7.875        $300,000.00          $300,000.00         $300,000.00         01/01/2001
 MASON, MARGIT                                11/17/2000           360                 Primary Residence   Purchase
 3 BRANTWOOD TERRACE                          Standard             N                   12/01/2000          62.5
 SHORT HILLS                NJ   07078-0000   $2,175.21            12/01/2030          DEC2000             $0.00

 50670670                        8.000        $449,000.00          $448,698.72         $448,698.72         12/01/2000
 BRISBY, JOHN C                               10/05/2000           360                 Second Home         Purchase
 139 WEST BAY ROAD UNIT 1                     Standard             N                   12/01/2000          69.1834
 OSTERVILLE                 MA   02655-0000   $3,294.61            11/01/2030          DEC2000             $0.00

 50671970                        7.625        $378,000.00          $377,451.08         $377,451.08         11/01/2000
 ANDERSON, RICHARD S                          09/29/2000           360                 Primary Residence   Purchase
 16 ARAPAHO COURT                             VIP Relocation       Y                   12/01/2000          86.3014
 SUFFERN                    NY   10901-0000   $2,675.47            10/01/2030          DEC2000             ($0.01)
 50673640                        8.375        $456,000.00          $455,716.57         $455,716.57         12/01/2000
 SMITH, JAMES S                               10/13/2000           360                 Primary Residence   Purchase
 10 MORSE RD                                  Standard             N                   12/01/2000          80
 SHERBORN                   MA   01770-0000   $3,465.93            11/01/2030          DEC2000             $0.00

 50675150                        8.000        $344,000.00          $343,536.80         $343,536.80         11/01/2000
 PAGEL, SOOZEE                                09/29/2000           360                 Primary Residence   Purchase
 12637 S PERRY PARK ROAD                      Relocation           N                   12/01/2000          80
 LARKSPUR                   CO   80118-0000   $2,524.16            10/01/2030          DEC2000             $0.01

 50675600                        8.375        $256,600.00          $256,279.89         $256,440.50         11/01/2000
 BURNS, JOSEPH T                              09/21/2000           360                 Primary Residence   Purchase
 4 ATLANTA DRIVE                              Standard             N                   11/01/2000          80
 EVESHAM                    NJ   08053-0000   $1,950.35            10/01/2030          DEC2000             $0.00
 50676440                        8.125        $600,000.00          $599,607.51         $599,212.36         12/01/2000
 DOUGHERTY, CHARLES P                         10/18/2000           360                 Primary Residence   Purchase
 1471 PARSONS LANE                            Standard             N                   01/01/2001          65.084
 AMBLER                     PA   19002-0000   $4,454.99            11/01/2030          DEC2000             $0.00

 50676780                        8.250        $365,000.00          $364,674.26         $364,674.26         12/01/2000
 HILLIARD, LAURELYN WRIGHT                    10/31/2000           360                 Primary Residence   Purchase
 67 PROSPECT STREET                           Standard             N                   12/01/2000          64.8889
 READING                    MA   01867-0000   $2,742.13            11/01/2030          DEC2000             $92.98

 50678310                        8.375        $424,000.00          $423,736.46         $423,736.46         12/01/2000
 WHITEFORD, JAMES L                           10/20/2000           360                 Primary Residence   Refinance
 9334 W LAKE RIDGE DRIVE                      Select               N                   12/01/2000          80
 CLARKSTON                  MI   48348-0000   $3,222.71            11/01/2030          DEC2000             $0.00
 50678550                        8.125        $379,800.00          $379,551.55         $379,551.55         12/01/2000
 PICKERING, ERIC P                            10/23/2000           360                 Primary Residence   Refinance
 138 SPRAY AVENUE                             Standard             N                   12/01/2000          62.7769
 MONTEREY                   CA   93940-0000   $2,820.01            11/01/2030          DEC2000             $0.00

 50678650                        7.625        $490,000.00          $489,645.35         $489,645.35         12/01/2000
 FREEMAN, HENRY M                             10/26/2000           360                 Primary Residence   Purchase
 10 GREELY COURT                              VIP Relocation       N                   12/01/2000          70
 MOUNT KISCO                NY   10549-0000   $3,468.19            11/01/2030          DEC2000             $0.00

 50679530                        8.375        $398,000.00          $397,535.07         $397,535.07         12/01/2000
 WILLIAMS, GREGORY R                          10/25/2000           360                 Primary Residence   Purchase
 LOT 13 RUNAWAY ROAD                          Standard             N                   12/01/2000          79.9997
 NEWFIELDS                  NH   03856-0000   $3,025.09            11/01/2030          DEC2000             $217.55
 50679630                        8.125        $317,660.00          $317,452.20         $317,452.20         12/01/2000
 LANDIS, DAVID W                              10/02/2000           360                 Primary Residence   Purchase
 3059 NW MONTARA LOOP                         Standard             N                   12/01/2000          79.9995
 PORTLAND                   OR   97229-0000   $2,358.62            11/01/2030          DEC2000             $0.00

 50680700                        7.750        $270,000.00          $270,000.00         $270,000.00         01/01/2001
 SOTELO, JOSE L                               11/01/2000           360                 Primary Residence   Purchase
 12 KOEWING PLACE                             Standard             N                   12/01/2000          77.1429
 WEST ORANGE                NJ   07052-0000   $1,934.32            12/01/2030          DEC2000             $0.00

 50682360                        8.125        $437,500.00          $436,925.68         $436,925.68         11/01/2000
 MARON, DALE                                  09/25/2000           360                 Primary Residence   Refinance
 3270 PAWAINA STREET                          Stated Income        N                   12/01/2000          68.8976
 HONOLULU                   HI   96822-0000   $3,248.43            10/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 50683570                        8.125        $371,000.00          $370,512.98         $370,757.31         11/01/2000
 RAKOTZ, MICHAEL                              09/27/2000           360                 Primary Residence   Refinance
 711 SANDSTONE DR                             Standard             N                   11/01/2000          59.36
 LYONS                      CO   80540-0000   $2,754.67            10/01/2030          DEC2000             $0.00
 50683630                        8.375        $339,000.00          $339,000.00         $339,000.00         01/01/2001
 DUPONT, GLEN E                               11/27/2000           360                 Primary Residence   Refinance
 2360 SHELBY ST                               Standard             N                   12/01/2000          45.2
 SUMMERLAND                 CA   93067-0000   $2,576.65            12/01/2030          DEC2000             $0.00

 50684870                        7.875        $355,000.00          $354,509.76         $354,509.76         11/01/2000
 SESSOMES, MARIUS A                           09/29/2000           360                 Primary Residence   Purchase
 12118 DUSK VIEW CT                           Standard             N                   12/01/2000          63.964
 CLARKSVILLE                MD   21029-0000   $2,574.00            10/01/2030          DEC2000             $0.01

 50687370                        8.375        $325,600.00          $325,397.62         $325,397.62         12/01/2000
 MOORE SWEENEY, LAURA                         10/24/2000           360                 Primary Residence   Purchase
 58 ALEXANDER DRIVE                           Standard             N                   12/01/2000          80
 SYOSSET                    NY   11791-0000   $2,474.80            11/01/2030          DEC2000             $0.00
 50688280                        8.375        $594,750.00          $594,380.33         $594,380.33         12/01/2000
 MEAD, RICHARD H                              10/24/2000           360                 Primary Residence   Refinance
 59905 HORSE CANYON RD                        Standard             N                   12/01/2000          79.3
 MOUNTAIN CENTER            CA   92561-0000   $4,520.53            11/01/2030          DEC2000             $0.00

 50689370                        8.375        $310,000.00          $309,689.50         $309,689.50         12/01/2000
 RHOADS, GARY W                               10/30/2000           360                 Primary Residence   Purchase
 426 ROUNDVIEW DRIVE                          Select               N                   12/01/2000          78.3064
 ROCHESTER                  MI   48307-0000   $2,356.23            11/01/2030          DEC2000             $117.81

 50689420                        7.750        $292,000.00          $291,793.90         $291,793.90         12/01/2000
 ELLISON, STEVEN J                            10/17/2000           360                 Primary Residence   Purchase
 4689 HAWKVIEW COURT                          Select               N                   12/01/2000          74.4898
 MILFORD                    MI   48380-0000   $2,091.93            11/01/2030          DEC2000             $0.00
 50691790                        8.375        $338,400.00          $338,400.00         $338,400.00         01/01/2001
 PLAFKIN, RONALD                              11/16/2000           360                 Primary Residence   Purchase
 6252 CHIMINEAS AVENUE                        Standard             N                   12/01/2000          80
 TARZANA                    CA   91356-0000   $2,572.09            12/01/2030          DEC2000             $0.00

 50693190                        8.125        $269,900.00          $269,545.70         $269,545.70         11/01/2000
 COLE, GREGORY O                              09/27/2000           360                 Primary Residence   Purchase
 5833 PETERSBURG LANE                         Standard             N                   12/01/2000          89.9967
 BRENTWOOD                  TN   37027-0000   $2,004.00            10/01/2030          DEC2000             $0.00

 50693880                        7.875        $350,000.00          $349,759.13         $349,759.13         12/01/2000
 PARSLEY, JAMES FULLER                        10/02/2000           360                 Primary Residence   Purchase
 2995 EAST BATES AVENUE                       Standard             N                   12/01/2000          72.1649
 DENVER                     CO   80210-0000   $2,537.75            11/01/2030          DEC2000             ($0.01)
 50694210                        8.000        $359,600.00          $359,600.00         $359,600.00         01/01/2001
 SILCOX, JEFFREY P                            11/22/2000           360                 Primary Residence   Purchase
 4830 BERGSTROM ROAD                          Standard             N                   12/01/2000          79.9906
 DOYLESTOWN                 PA   18901-0000   $2,638.62            12/01/2030          DEC2000             $0.00

 50694990                        8.375        $400,000.00          $400,000.00         $400,000.00         01/01/2001
 LAWSON, WILLIAM R                            11/17/2000           360                 Primary Residence   Refinance
 1339 DAVID AVE                               Standard             N                   12/01/2000          73.3945
 PACIFIC GROVE              CA   93950-0000   $3,040.29            12/01/2030          DEC2000             $0.00

 50695230                        8.000        $400,000.00          $400,000.00         $400,000.00         01/01/2001
 BERTONE, GARY D                              11/09/2000           360                 Primary Residence   Refinance
 401 CORRALITOS ROAD                          Standard             N                   12/01/2000          80
 WATSONVILLE                CA   95076-0000   $2,935.06            12/01/2030          DEC2000             $0.00
 50695590                        8.375        $300,000.00          $299,813.53         $299,436.68         12/01/2000
 MCKENDRY, STEPHEN M                          10/06/2000           360                 Second Home         Purchase
 453 GOOSE BAY                                Stated Income        N                   02/01/2001          51.7241
 LAKESIDE                   MT   59922-0000   $2,280.22            11/01/2030          DEC2000             $0.00

 50696150                        8.375        $285,000.00          $284,822.85         $284,822.85         12/01/2000
 TOUMA, LESLIE A                              10/25/2000           360                 Primary Residence   Purchase
 123 ELM PARK BLVD                            Standard             N                   12/01/2000          75
 PLEASANT RIDGE             MI   48069-0000   $2,166.21            11/01/2030          DEC2000             $0.00

 50697760                        8.125        $108,800.00          $108,070.88         $108,070.88         11/01/2000
 TINNEY, ROBIN C                              09/25/2000           360                 Primary Residence   Refinance
 2418 DIAMOND OAKS DRIVE                      Streamline           N                   12/01/2000          80
 GARLAND                    TX   75044-0000   $807.84              10/01/2030          DEC2000             $586.29

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 50698170                        8.125        $260,000.00          $259,658.68         $259,658.68         11/01/2000
 BROTHERS, ALLEN L                            09/29/2000           360                 Primary Residence   Purchase
 216 CACTUS POINTE COURT                      Standard             N                   12/01/2000          80
 EL PASO                    TX   79912-0000   $1,930.50            10/01/2030          DEC2000             $0.00
 50698680                        8.375        $339,900.00          $339,688.73         $339,688.73         12/01/2000
 GROTTO, DAVID W                              10/06/2000           360                 Primary Residence   Purchase
 177 E ST CHARLES RD                          Standard             N                   12/01/2000          79.9953
 ELMHURST                   IL   60126-3551   $2,583.49            11/01/2030          DEC2000             $0.00

 50699840                        7.625        $311,900.00          $311,674.25         $311,674.25         12/01/2000
 DUSTERHOFT, THOMAS W                         10/18/2000           360                 Primary Residence   Purchase
 6450 TRAFALGAR DRIVE                         Relocation           N                   12/01/2000          79.9949
 CANTON                     MI   48187-0000   $2,207.61            11/01/2030          DEC2000             $0.00

 50700000                        8.500        $350,000.00          $350,000.00         $350,000.00         01/01/2001
 REMILLONG, WILLIAM J                         11/17/2000           360                 Primary Residence   Purchase
 90 JENNIES WAY                               Standard             N                   12/01/2000          93.3333
 TEWKSBURY                  MA   01801-0000   $2,691.20            12/01/2030          DEC2000             $0.00
 50700550                        7.875        $460,250.00          $459,614.42         $459,614.42         11/01/2000
 GEKAS, CONSTANTINE G                         09/19/2000           360                 Primary Residence   Refinance
 846 HAYFIELDS ROAD                           Standard             N                   12/01/2000          49.7568
 HUNT VALLEY                MD   21030-0000   $3,337.14            10/01/2030          DEC2000             $0.00

 50700560                        7.875        $616,000.00          $615,576.07         $615,576.07         12/01/2000
 BOHONOS, BROCK                               10/19/2000           360                 Primary Residence   Purchase
 1556 30TH AVENUE WEST                        VIP Relocation       N                   12/01/2000          80
 SEATTLE                    WA   98199-0000   $4,466.43            11/01/2030          DEC2000             $0.00

 50701610                        8.000        $325,600.00          $325,161.60         $325,161.60         11/01/2000
 SANDERS, WYNN S                              09/19/2000           360                 Second Home         Purchase
 4333 BEACHSIDE II                            Standard             N                   12/01/2000          80
 DESTIN                     FL   32541-0000   $2,389.14            10/01/2030          DEC2000             $0.00
 50702290                        8.250        $424,000.00          $423,729.62         $423,729.62         12/01/2000
 VANDERSTELT, DANIEL                          11/15/2000           360                 Primary Residence   Refinance
 339 MAPLEVIEW DRIVE                          Standard             N                   12/01/2000          80
 CHARLOTTE                  MI   48813-0000   $3,185.38            11/01/2030          DEC2000             $0.00

 50702310                        8.250        $294,500.00          $294,123.11         $294,123.11         11/01/2000
 SADLOUSKOS, DIANNA L                         10/05/2000           360                 Primary Residence   Purchase
 922 14TH STREET ##101                        Standard             N                   12/01/2000          95
 SANTA MONICA               CA   90403-0000   $2,212.49            10/01/2030          DEC2000             ($0.01)

 50702830                        8.000        $328,000.00          $327,779.92         $327,779.92         12/01/2000
 HOSKIN, LINDA W                              10/11/2000           360                 Primary Residence   Purchase
 532 BURGUNDY CIRCLE                          VIP Relocation       N                   12/01/2000          80
 WAUKEE                     IA   50263-8065   $2,406.75            11/01/2030          DEC2000             $0.00
 50702890                        7.625        $372,500.00          $372,230.39         $372,230.39         12/01/2000
 CHRISEKOS, JOHN                              10/09/2000           360                 Primary Residence   Purchase
 1151 ROCK CREEK WAY                          Relocation           Y                   12/01/2000          87.1345
 CONCORD                    CA   94521-5022   $2,636.54            11/01/2030          DEC2000             $0.00

 50702900                        7.875        $354,350.00          $354,350.00         $354,350.00         01/01/2001
 MALAYIL, MATHEW M                            11/21/2000           240                 Primary Residence   Purchase
 16 HOLLY COURT                               Standard             N                   12/01/2000          74.9947
 WOODCLIFF LAKE             NJ   07628-0000   $2,936.42            12/01/2020          DEC2000             $0.00

 50702960                        8.125        $312,000.00          $311,795.90         $311,795.90         12/01/2000
 CARNEY, DOYLE C                              11/14/2000           360                 Primary Residence   Purchase
 14 HAWTHORNE LANE                            Standard             N                   12/01/2000          80
 IRWIN                      PA   15642-0000   $2,316.60            11/01/2030          DEC2000             $0.00
 50704350                        8.125        $460,000.00          $459,699.09         $459,699.09         12/01/2000
 RINALDO, JOHN C                              10/16/2000           360                 Primary Residence   Purchase
 506 TUCKER STREET                            Standard             N                   12/01/2000          80
 HEALDSBURG                 CA   95448-0000   $3,415.49            11/01/2030          DEC2000             $0.00

 50707540                        8.250        $340,000.00          $340,000.00         $340,000.00         01/01/2001
 GARLOCK, PETER D                             11/13/2000           360                 Primary Residence   Purchase
 80 W SHORE DRIVE                             Standard             N                   12/01/2000          80
 ASHBURNHAM                 MA   01430-0000   $2,554.31            12/01/2030          DEC2000             $0.00

 50708100                        8.125        $303,650.00          $303,650.00         $303,650.00         01/01/2001
 BURGHARDT, MARC J                            11/08/2000           360                 Primary Residence   Purchase
 15 YARMOUTH ROAD                             Standard             N                   12/01/2000          74.9938
 CHATHAM                    NJ   07928-0000   $2,254.60            12/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 50708510                        8.250        $280,000.00          $280,000.00         $280,000.00         01/01/2001
 HABER, LAWRENCE G                            11/27/2000           360                 Primary Residence   Purchase
 2 FIELDCREST DR                              Standard             N                   12/01/2000          73.6842
 EAST BRUNSWICK             NJ   08816-0000   $2,103.55            12/01/2030          DEC2000             $0.00
 50709570                        8.250        $561,700.00          $561,341.52         $561,341.52         12/01/2000
 CASALINO, FRANK L                            10/26/2000           360                 Primary Residence   Purchase
 3647 RUTHERFORD WAY                          Select               N                   12/01/2000          79.9979
 SANTA ROSA                 CA   95404-0000   $4,219.87            11/01/2030          DEC2000             $0.30

 50709890                        8.125        $268,000.00          $267,648.18         $267,648.18         11/01/2000
 CARRILLO, ALBERTO                            10/12/2000           360                 Primary Residence   Refinance
 6205 NATALIE ROAD                            Standard             N                   12/01/2000          78.8235
 CHINO HILLS                CA   91709-0000   $1,989.90            10/01/2030          DEC2000             $0.00

 50710250                        8.125        $400,000.00          $399,738.34         $399,738.34         12/01/2000
 MOON-LEE, TINA                               10/25/2000           360                 Primary Residence   Purchase
 6 RED MAPLE RIDGE                            Standard             N                   12/01/2000          52.9801
 CROTON-ON HUDSON           NY   10520-0000   $2,969.99            11/01/2030          DEC2000             $0.00
 50710890                        8.250        $352,000.00          $351,775.54         $351,775.54         12/01/2000
 COOK, ROBERT D                               10/13/2000           360                 Primary Residence   Purchase
 6525 ASPEN DR                                Select               N                   12/01/2000          80
 TROY                       MI   48098-0000   $2,644.46            11/01/2030          DEC2000             $0.00

 50711170                        7.750        $413,600.00          $413,308.08         $413,308.08         12/01/2000
 CAMASTRO, WILLIAM                            10/10/2000           360                 Primary Residence   Purchase
 4003 NED DRIVE                               Standard             N                   12/01/2000          80
 CRYSTAL LAKE               IL   60014-0000   $2,963.09            11/01/2030          DEC2000             $0.00

 50711200                        7.500        $500,000.00          $500,000.00         $500,000.00         02/01/2001
 BENSON, JOAN O                               12/04/2000           360                 Primary Residence   Purchase
 2064 SILVERWOOD DRIVE                        Relocation           N                   01/01/2001          80
 LOWER MAKEFIELD            PA   18940-0000   $3,496.08            01/01/2031          DEC2000             $368.78
 50712270                        8.375        $343,750.00          $343,536.34         $343,536.34         12/01/2000
 POORE, GREGORY T                             10/11/2000           360                 Primary Residence   Refinance
 6657 W AUDUBON TRACE WEST                    Standard             N                   12/01/2000          64.2523
 WEST PALM BEACH            FL   33412-0000   $2,612.75            11/01/2030          DEC2000             $0.00

 50712430                        8.125        $376,800.00          $376,303.10         $376,303.10         11/01/2000
 HALLIDAY, BLAIR A                            09/26/2000           360                 Primary Residence   Purchase
 1778 NEOTOMAS AVENUE                         Standard             N                   12/01/2000          80
 SANTA ROSA                 CA   95405-0000   $2,797.73            10/01/2030          DEC2000             $2.27

 50712480                        8.375        $482,000.00          $481,398.73         $481,398.73         11/01/2000
 EVANS, DENNIS K                              10/04/2000           360                 Primary Residence   Refinance
 1808 27TH AVENUE NW                          Standard             N                   12/01/2000          68.8571
 OLYMPIA                    WA   98502-0000   $3,663.55            10/01/2030          DEC2000             $0.00
 50712890                        8.375        $378,400.00          $378,164.80         $377,927.96         12/01/2000
 ORDILLE, PAMELA D                            10/13/2000           360                 Primary Residence   Purchase
 3391 PALM COURT                              Standard             N                   01/01/2001          80
 TEQUESTA                   FL   33469-0000   $2,876.12            11/01/2030          DEC2000             ($0.01)

 50713540                        8.375        $325,000.00          $324,797.99         $324,797.99         12/01/2000
 STANCIOFF, ALEXANDER C                       10/13/2000           360                 Primary Residence   Purchase
 4197 BRAGANZA AVENUE                         Standard             N                   12/01/2000          69.1489
 MIAMI                      FL   33133-0000   $2,470.24            11/01/2030          DEC2000             $0.00

 50715210                        8.250        $412,000.00          $411,472.75         $411,472.75         11/01/2000
 ELLENBURG, MIKE S                            09/29/2000           360                 Primary Residence   Purchase
 6015 DRIPPING SPRINGS DRIVE                  Standard             N                   12/01/2000          80
 FRISCO                     TX   75034-0000   $3,095.22            10/01/2030          DEC2000             $0.00
 50716020                        8.125        $352,000.00          $351,769.73         $351,769.73         12/01/2000
 HORNE, STEPHEN A                             10/05/2000           360                 Second Home         Purchase
 314 DUBONNET TRAIL                           Standard             N                   12/01/2000          80
 INTERLOCHEN                MI   49643-0000   $2,613.60            11/01/2030          DEC2000             $0.00

 50717030                        8.125        $274,800.00          $274,620.23         $274,620.23         12/01/2000
 WARNER, DONALD L                             10/23/2000           360                 Primary Residence   Refinance
 3331 MICHELLE CT                             Standard             N                   12/01/2000          68.0198
 SIMI VALLEY                CA   93063-0000   $2,040.39            11/01/2030          DEC2000             $0.01

 50718250                        7.750        $350,000.00          $349,752.97         $349,752.97         12/01/2000
 LAW, THEODORE C                              10/30/2000           360                 Primary Residence   Purchase
 112 CALIFORNIA STREET                        Relocation           N                   12/01/2000          77.7778
 RIDGEWOOD                  NJ   07450-0000   $2,507.45            11/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 50718810                        7.875        $317,600.00          $317,381.42         $317,381.42         12/01/2000
 CONNELLY, GEORGE W                           10/17/2000           360                 Primary Residence   Purchase
 1010 RIVER GLYNN DRIVE                       Standard             N                   12/01/2000          80
 HOUSTON                    TX   77063-0000   $2,302.83            11/01/2030          DEC2000             $0.00
 50719320                        8.375        $373,000.00          $372,768.16         $372,534.70         12/01/2000
 WAGNER, ROBERT J                             10/06/2000           360                 Primary Residence   Refinance
 2660 NE 37TH DRIVE                           Standard             N                   01/01/2001          76.1224
 FT LAUDERDALE              FL   33308-0000   $2,835.07            11/01/2030          DEC2000             $0.00

 50719470                        8.000        $280,000.00          $280,000.00         $280,000.00         01/01/2001
 DAGGETT, DAVID T                             11/07/2000           360                 Primary Residence   Refinance
 6057 MIWOK DR                                Standard             N                   12/01/2000          62.2222
 SAN JOSE                   CA   95123-4113   $2,054.55            12/01/2030          DEC2000             $0.00

 50723400                        8.625        $301,500.00          $301,321.99         $301,321.99         12/01/2000
 WELPTON, JON S                               10/12/2000           360                 Second Home         Purchase
 251 LANDMARK                                 Standard             N                   12/01/2000          90
 MARCO ISLAND               FL   34145-0000   $2,345.04            11/01/2030          DEC2000             $0.00
 50723860                        7.875        $327,500.00          $326,694.44         $326,694.44         11/01/2000
 MANOUKIAN, HAMO                              10/06/2000           360                 Primary Residence   Purchase
 5412 OCEAN VIEW BOULEVARD                    Standard             N                   12/01/2000          50
 LA CANADA FLINTRIDGE       CA   91011-0000   $2,374.61            10/01/2030          DEC2000             $353.30

 50724920                        8.000        $356,000.00          $355,761.12         $355,761.12         12/01/2000
 TROY, TIMOTHY N                              10/11/2000           360                 Primary Residence   Purchase
 2712 POLO LANE                               Relocation           N                   12/01/2000          80
 PLANO                      TX   75093-0000   $2,612.21            11/01/2030          DEC2000             $0.00

 50725100                        7.875        $257,400.00          $257,222.86         $257,222.86         12/01/2000
 HIGGINS, SHERRI LYNN                         10/09/2000           360                 Primary Residence   Purchase
 550 UVEDALE ROAD                             Standard             N                   12/01/2000          90
 RIVERSIDE                  IL   60546-0000   $1,866.33            11/01/2030          DEC2000             $0.00
 50726360                        8.375        $338,034.00          $338,034.00         $338,034.00         01/01/2001
 GEETING, MICHAEL A                           11/06/2000           360                 Primary Residence   Purchase
 3860 MEADOW WOOD DRIVE                       Standard             N                   12/01/2000          79.9999
 EL DORADO HILLS            CA   95762-0000   $2,569.31            12/01/2030          DEC2000             $0.00

 50726420                        7.875        $460,000.00          $459,683.43         $459,683.43         12/01/2000
 STEVENS, MARK R                              10/27/2000           360                 Primary Residence   Purchase
 15325 SW 73RD COURT                          Standard             N                   12/01/2000          80
 MIAMI                      FL   33157-0000   $3,335.32            11/01/2030          DEC2000             $0.00

 50727010                        8.375        $436,500.00          $436,144.16         $436,144.16         12/01/2000
 BERRAN, LAWRENCE C                           10/27/2000           360                 Second Home         Purchase
 421 24TH STREET NORTH                        Standard             N                   12/01/2000          90
 AVALON                     NJ   08202-0000   $3,317.72            11/01/2030          DEC2000             $84.53
 50727390                        8.375        $275,000.00          $274,829.07         $274,829.07         12/01/2000
 GORLITZ, ERIC A                              10/27/2000           360                 Primary Residence   Purchase
 1784 CHRISTIAN HILLS DR                      Standard             N                   12/01/2000          75.3425
 ROCHESTER HILLS            MI   48000-0000   $2,090.20            11/01/2030          DEC2000             $0.00

 50729100                        8.375        $346,000.00          $342,809.11         $341,639.37         12/01/2000
 BRUDER, MARC D                               10/20/2000           240                 Primary Residence   Refinance
 2315 WASHINGTON AVE                          Standard             N                   02/01/2001          43.25
 SANTA MONICA               CA   90403-0000   $2,975.36            11/01/2020          DEC2000             $2,630.32

 50730400                        8.250        $276,000.00          $275,824.00         $275,824.00         12/01/2000
 PATTERSON, SALLY H                           11/08/2000           360                 Primary Residence   Refinance
 2193 SCENICPARK STREET                       Standard             N                   12/01/2000          80
 THOUSAND OAKS              CA   91362-1719   $2,073.50            11/01/2030          DEC2000             $0.00
 50730660                        8.375        $312,000.00          $311,806.05         $311,806.05         12/01/2000
 COOLEN, DENNIS J                             10/27/2000           360                 Second Home         Purchase
 21 SEVENTY NINETH STREET #NORTH UN           Standard             N                   12/01/2000          80
 SEA ISLE CITY              NJ   08243-0000   $2,371.43            11/01/2030          DEC2000             $0.02

 50733160                        8.000        $312,000.00          $311,790.65         $311,790.65         12/01/2000
 LEVESQUE, PAMELA A                           10/10/2000           360                 Second Home         Purchase
 294 STAGE ROAD                               Standard             N                   12/01/2000          80
 LYONS                      CO   80540-0000   $2,289.35            11/01/2030          DEC2000             $0.00

 50733330                        8.000        $500,000.00          $499,326.77         $499,326.77         11/01/2000
 PADILLA, RAY R                               10/05/2000           360                 Primary Residence   Refinance
 641 12TH ST                                  Standard             N                   12/01/2000          56.1798
 MANHATTAN BEACH            CA   90266-0000   $3,668.83            10/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 50733830                        8.250        $320,000.00          $320,000.00         $320,000.00         01/01/2001
 CLARKE, STEVEN L                             11/10/2000           360                 Primary Residence   Purchase
 3165 WOODPINE COURT                          Select               N                   12/01/2000          80
 ROCHESTER                  MI   48306-0000   $2,404.06            12/01/2030          DEC2000             $0.00
 50736510                        7.625        $411,550.00          $411,550.00         $411,550.00         01/01/2001
 BRUNER, LEON H                               11/30/2000           360                 Primary Residence   Purchase
 15 WESLEY DRIVE                              Relocation           N                   12/01/2000          79.9928
 WRENTHAM                   MA   02093-1893   $2,912.93            12/01/2030          DEC2000             $0.00

 50736590                        8.125        $320,000.00          $319,790.67         $319,790.67         12/01/2000
 TAYLOR, SCOTT M                              10/24/2000           360                 Primary Residence   Refinance
 4709 NICOLE COURT                            Select               N                   12/01/2000          80
 ROCKLIN                    CA   95765-0000   $2,376.00            11/01/2030          DEC2000             $0.00

 50736790                        8.125        $264,000.00          $263,827.30         $263,827.30         12/01/2000
 MILROY, BRUCE DOUGLAS                        10/25/2000           360                 Primary Residence   Refinance
 13230 SUTTON STREET                          Standard             N                   12/01/2000          80
 CERRITOS                   CA   90703-8732   $1,960.20            11/01/2030          DEC2000             $0.00
 50736940                        8.500        $882,000.00          $882,000.00         $882,000.00         01/01/2001
 PAPERMASTER, STEVEN G                        11/03/2000           360                 Second Home         Purchase
 615 ROBINDALE COURT                          Stated Income        N                   12/01/2000          66.566
 AUSTIN                     TX   78734-0000   $6,781.82            12/01/2030          DEC2000             $0.00

 50738030                        8.500        $650,000.00          $645,606.23         $645,606.23         12/01/2000
 WORRALL, CHRISTOPHER J                       10/24/2000           360                 Primary Residence   Refinance
 1446 BRETMOOR WAY                            Standard             N                   12/01/2000          65.3266
 SAN JOSE                   CA   95129-0000   $4,997.94            11/01/2030          DEC2000             $4,000.00

 50738210                        8.500        $359,200.00          $359,200.00         $359,200.00         01/01/2001
 BUCZEK, PETER J                              11/08/2000           360                 Primary Residence   Purchase
 9927 CREEKWOOD TRL                           Select               N                   12/01/2000          80
 DAVISBURG                  MI   48350-0000   $2,761.94            12/01/2030          DEC2000             $0.00
 50739070                        8.000        $360,000.00          $359,758.44         $359,758.44         12/01/2000
 MCPHERSON, CYNTHIA A                         10/31/2000           360                 Primary Residence   Purchase
 3612 SLEEPY FOX                              Select               N                   12/01/2000          80
 ROCHESTER HILLS            MI   48309-0000   $2,641.56            11/01/2030          DEC2000             $0.00

 50739230                        7.625        $500,000.00          $499,462.25         $499,462.25         12/01/2000
 DEVENNY, PAUL D                              10/31/2000           360                 Primary Residence   Purchase
 3686 BARBADOS PLACE                          Standard             N                   12/01/2000          80
 BOULDER                    CO   80301-0000   $3,538.97            11/01/2030          DEC2000             $175.86

 50739970                        8.375        $339,900.00          $339,900.00         $339,900.00         01/01/2001
 WICKLEIN, DARRELL R                          11/08/2000           360                 Second Home         Purchase
 2884 PATRIOT PARK PLACE                      Standard             N                   12/01/2000          79.9934
 HENDERSON                  NV   89052-0000   $2,583.49            12/01/2030          DEC2000             $0.00
 50741070                        8.125        $357,500.00          $357,500.00         $357,500.00         01/01/2001
 HEICHEL, JEFFREY S                           11/10/2000           360                 Primary Residence   Purchase
 4700 WHITE OAKS DRIVE                        Select               N                   12/01/2000          66.5116
 TROY                       MI   48098-0000   $2,654.43            12/01/2030          DEC2000             $0.00

 50741600                        7.750        $451,800.00          $451,602.83         $451,282.67         01/01/2001
 WOODY, KELLY J                               11/14/2000           360                 Primary Residence   Purchase
 1884 SEABREEZE STREET                        Relocation           N                   01/01/2001          84.9943
 THOUSAND OAKS              CA   91320-0000   $3,236.76            12/01/2030          DEC2000             $197.17

 50742380                        8.250        $451,350.00          $451,062.18         $451,350.00         12/01/2000
 KLINE, PATRICK J                             10/25/2000           360                 Primary Residence   Purchase
 5125 SKYLINE DR                              Standard             N                   11/01/2000          85
 EDINA                      MN   55439-0000   $3,390.85            11/01/2030          DEC2000             $0.00
 50742840                        8.125        $400,000.00          $399,738.34         $399,738.34         12/01/2000
 MOBLEY, STEVEN M                             10/25/2000           360                 Primary Residence   Refinance
 2205 WESTOVER ROAD                           Standard             N                   12/01/2000          79.0514
 AUSTIN                     TX   78703-0000   $2,969.99            11/01/2030          DEC2000             $0.00

 50743150                        8.125        $480,000.00          $479,686.01         $479,686.01         12/01/2000
 MILLER, DANIEL C                             10/27/2000           360                 Primary Residence   Purchase
 110 SWIFTCURRENT TRAIL                       Standard             N                   12/01/2000          80
 AUSTIN                     TX   78746-0000   $3,563.99            11/01/2030          DEC2000             $0.00

 50743660                        8.000        $300,000.00          $299,798.70         $299,798.70         12/01/2000
 PERRI, MICHAEL J                             10/20/2000           360                 Primary Residence   Purchase
 14 RAYMOND LANE                              Standard             N                   12/01/2000          77.9221
 HAMPTON                    NH   03842-0000   $2,201.30            11/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 50745130                        8.250        $335,900.00          $335,900.00         $335,900.00         01/01/2001
 THURSTON, DENNIS J                           11/21/2000           360                 Second Home         Purchase
 50-460  CYPRESS POINT DRIVE                  Select               N                   12/01/2000          79.9952
 LA QUINTA                  CA   92253-0000   $2,523.51            12/01/2030          DEC2000             $0.00
 50745790                        7.625        $331,500.00          $331,260.07         $331,260.07         12/01/2000
 AUWELOA, WILLIAM H                           10/30/2000           360                 Second Home         Refinance
 6070 KALANIANAOLE HIGHWAY                    Streamline           N                   12/01/2000          65
 HONOLULU                   HI   96821-2333   $2,346.34            11/01/2030          DEC2000             $0.00

 50746020                        8.000        $304,000.00          $303,796.02         $303,796.02         12/01/2000
 SUTLIVE, WILLIAM G                           11/03/2000           360                 Investment          Refinance
 301 BUTLER AVENUE #104                       Standard             N                   12/01/2000          69.0909
 TYBEE ISLAND               GA   31328-0000   $2,230.65            11/01/2030          DEC2000             $0.00

 50746520                        8.000        $308,025.00          $307,656.99         $307,656.99         12/01/2000
 BOYD, DAVID L                                10/26/2000           360                 Primary Residence   Purchase
 518 EAST SAGINAW WAY                         Standard             N                   12/01/2000          90
 FRESNO                     CA   93704-0000   $2,260.18            11/01/2030          DEC2000             $161.33
 50747080                        8.000        $490,000.00          $490,000.00         $490,000.00         01/01/2001
 RUTKOWSKI, CHRISTOPHER J                     11/27/2000           360                 Primary Residence   Purchase
 45555 TOURNAMENT DRIVE                       Super Select         N                   12/01/2000          57.8018
 NORTHVILLE                 MI   48167-0000   $3,595.45            12/01/2030          DEC2000             $0.00

 50748480                        7.625        $271,900.00          $271,703.20         $271,703.20         12/01/2000
 LINES, ARTHUR A                              10/23/2000           360                 Primary Residence   Purchase
 7332 VISTA DRIVE                             Standard             N                   12/01/2000          79.9941
 SHELBY TOWNSHIP            MI   48316-5865   $1,924.50            11/01/2030          DEC2000             $0.00

 50749140                        8.125        $296,950.00          $296,755.75         $296,950.00         12/01/2000
 GILBERT, HAMILTON H                          10/13/2000           360                 Primary Residence   Refinance
 96 MARION RD                                 Standard             N                   11/01/2000          77.3307
 WATERTOWN                  MA   02472-0000   $2,204.85            11/01/2030          DEC2000             $0.00
 50749980                        8.250        $320,000.00          $320,000.00         $320,000.00         01/01/2001
 JAMASH, HOMAIRA                              11/14/2000           360                 Primary Residence   Refinance
 28064 SANDLEWOOD DR                          Standard             N                   12/01/2000          78.0488
 HAYWARD                    CA   94545-0000   $2,404.06            12/01/2030          DEC2000             $0.00

 50750830                        7.875        $548,000.00          $547,622.86         $547,622.86         12/01/2000
 JHA, GOURI S                                 10/24/2000           360                 Primary Residence   Purchase
 1017 LAMBORNE PLACE                          Standard             N                   12/01/2000          80
 OAK PARK                   CA   91377-0000   $3,973.39            11/01/2030          DEC2000             $0.00

 50751390                        7.625        $270,000.00          $269,804.58         $269,804.58         12/01/2000
 CASE, GARY RICHARD                           10/20/2000           360                 Primary Residence   Purchase
 2355 GALAXY WAY                              Select               N                   12/01/2000          79.6984
 LAKE ORION                 MI   48360-0000   $1,911.05            11/01/2030          DEC2000             ($0.01)
 50752960                        8.250        $328,450.00          $328,240.55         $328,240.55         12/01/2000
 STUMPF, W G                                  10/16/2000           360                 Primary Residence   Purchase
 1573 SISKIYOU DRIVE                          Select               N                   12/01/2000          89.9986
 WALNUT CREEK               CA   94598-0000   $2,467.54            11/01/2030          DEC2000             $0.00

 50754210                        8.125        $260,000.00          $260,000.00         $260,000.00         01/01/2001
 FENWICK, DAVID P                             11/07/2000           300                 Primary Residence   Refinance
 85 VREELAND ROAD                             Standard             N                   12/01/2000          80
 WEST MILFORD               NJ   07480-0000   $2,028.30            12/01/2025          DEC2000             $0.00

 50756260                        8.000        $348,000.00          $347,766.49         $347,766.49         12/01/2000
 DEROSE, RALPH                                10/24/2000           360                 Primary Residence   Purchase
 10 MOSEMAN AVENUE                            Standard             N                   12/01/2000          80
 YORKTOWN                   NY   10598-0000   $2,553.51            11/01/2030          DEC2000             $0.00
 50756590                        7.875        $380,000.00          $380,000.00         $380,000.00         01/01/2001
 MITTLEMAN, ALAN S                            11/02/2000           360                 Primary Residence   Purchase
 44 MERRITT DRIVE                             Standard             N                   12/01/2000          71.5631
 ORADELL                    NJ   07649-0000   $2,755.27            12/01/2030          DEC2000             $0.00

 50758480                        7.875        $575,000.00          $574,604.29         $574,604.29         12/01/2000
 BOYDA, KENNETH L                             10/25/2000           360                 Primary Residence   Purchase
 3404 STRATFORD HILL LANE                     Standard             N                   12/01/2000          50.5495
 AUSTIN                     TX   78746-0000   $4,169.15            11/01/2030          DEC2000             $0.00

 50758640                        8.375        $392,000.00          $392,000.00         $392,000.00         01/01/2001
 SLATER, ELIOT M                              11/13/2000           360                 Second Home         Purchase
 2296 NW 55TH STREET                          Standard             N                   12/01/2000          80
 BOCA RATON                 FL   33496-0000   $2,979.49            12/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 50758810                        8.375        $310,000.00          $309,807.31         $309,807.31         12/01/2000
 TOATES, MERYL                                10/31/2000           360                 Primary Residence   Refinance
 10535 E WILSHIRE BLVD 514                    Standard             N                   12/01/2000          70.4545
 LOS ANGELES                CA   90024-0000   $2,356.23            11/01/2030          DEC2000             $0.00
 50758830                        8.375        $346,950.00          $346,950.00         $346,950.00         01/01/2001
 SHRIVASTAVA, ANIL B                          11/16/2000           360                 Primary Residence   Purchase
 4353 STONEWOOD COURT                         Standard             N                   12/01/2000          90
 OAKLAND                    MI   48363-0000   $2,637.08            12/01/2030          DEC2000             $0.00

 50759410                        8.000        $262,000.00          $261,555.19         $261,555.19         12/01/2000
 KUROKI, RITSUKO                              10/25/2000           240                 Primary Residence   Refinance
 18659 MORONGO ST                             Stated Income        N                   12/01/2000          60.2299
 FOUNTAIN VA                CA   92708-6207   $2,191.48            11/01/2020          DEC2000             $0.00

 50759490                        7.625        $352,000.00          $352,000.00         $352,000.00         01/01/2001
 MEISEL, MARK DAVID                           11/15/2000           360                 Primary Residence   Purchase
 11010 RUNYAN LAKE POINT                      Select               N                   12/01/2000          80
 FENTON                     MI   48430-0000   $2,491.44            12/01/2030          DEC2000             $0.00
 50759690                        8.250        $495,000.00          $494,684.35         $494,684.35         12/01/2000
 CARTER, JEFFREY M                            10/30/2000           360                 Second Home         Purchase
 32 LOVEJOY                                   Standard             N                   12/01/2000          90
 MERIDETH                   NH   03253-0000   $3,718.77            11/01/2030          DEC2000             $0.01

 50759910                        7.875        $304,000.00          $304,000.00         $304,000.00         01/01/2001
 GRAHAM, RICHARD P                            11/03/2000           360                 Primary Residence   Purchase
 3316 NE 116TH STREET                         Standard             N                   12/01/2000          80
 VANCOUVER                  WA   98686-0000   $2,204.22            12/01/2030          DEC2000             $0.00

 50761270                        8.250        $324,700.00          $324,492.94         $324,492.94         12/01/2000
 SMITH, WILLARD J                             10/26/2000           360                 Primary Residence   Refinance
 2475 SOUTH ORTONVILLE ROAD                   Standard             N                   12/01/2000          74.6437
 ORTONVILLE                 MI   48462-0000   $2,439.37            11/01/2030          DEC2000             $0.00
 50762430                        8.000        $323,900.00          $323,350.10         $323,350.10         12/01/2000
 ARELLIANO, STEVEN M                          10/25/2000           240                 Primary Residence   Refinance
 11691 SE LANDIS DRIVE                        Standard             N                   12/01/2000          79
 CLACKAMAS                  OR   97015-0000   $2,709.23            11/01/2020          DEC2000             $0.00

 50765240                        7.875        $550,000.00          $549,621.49         $549,621.49         12/01/2000
 JELOSEK, JONATHAN C                          10/31/2000           360                 Primary Residence   Purchase
 7076 N 115TH STREET                          Standard             N                   12/01/2000          64.5161
 LONGMONT                   CO   80501-0000   $3,987.89            11/01/2030          DEC2000             ($0.01)

 50765500                        8.375        $360,000.00          $360,000.00         $360,000.00         01/01/2001
 AUGUSTA, CHRISTOPHE                          11/21/2000           360                 Primary Residence   Purchase
 42 SAWMILL ROAD                              Standard             N                   12/01/2000          77.8378
 TEWKSBURY                  NJ   08254-0000   $2,736.27            12/01/2030          DEC2000             $0.00
 50766160                        8.000        $678,400.00          $677,944.81         $677,944.81         12/01/2000
 PITRE, ROBERT G                              11/07/2000           360                 Primary Residence   Refinance
 5557 EAKES ROAD NW                           Select               N                   12/01/2000          50.2519
 ALBUQUERQUE                NM   87107-0000   $4,977.86            11/01/2030          DEC2000             $0.00

 50767150                        8.000        $395,350.00          $395,034.73         $395,034.73         12/01/2000
 BROZEK, JOHN S                               10/25/2000           360                 Primary Residence   Refinance
 28472 RANCHO GRANDE                          Select               N                   12/01/2000          79.07
 LAGUNA NIGUEL              CA   92677-0000   $2,900.94            11/01/2030          DEC2000             $50.00

 50767180                        8.250        $300,000.00          $300,000.00         $300,000.00         01/01/2001
 KAMISCHKE, ROBERT R                          11/01/2000           360                 Primary Residence   Purchase
 13354 ENID                                   Select               N                   12/01/2000          80
 FENTON                     MI   48430-0000   $2,253.80            12/01/2030          DEC2000             $0.00
 50767680                        7.875        $331,500.00          $331,500.00         $331,500.00         01/01/2001
 ILGENFRITZ, FREDERICK M                      11/21/2000           360                 Primary Residence   Refinance
 237 MOOSE RUN LANE                           Standard             N                   12/01/2000          75
 HAMILTON                   MT   59840-0000   $2,403.61            12/01/2030          DEC2000             $0.00

 50769330                        8.375        $318,500.00          $318,302.02         $318,302.02         12/01/2000
 DEWEY, THOMAS F                              10/26/2000           360                 Primary Residence   Purchase
 20575 S SHELLY SCOTT LANE                    Standard             N                   12/01/2000          70
 OREGON CITY                OR   97045-0000   $2,420.84            11/01/2030          DEC2000             $0.00

 50770170                        8.375        $335,000.00          $335,000.00         $335,000.00         01/01/2001
 JEFFERSON, LARRY K                           11/22/2000           360                 Primary Residence   Refinance
 5330 MONTE VERDE DR                          Standard             N                   12/01/2000          62.037
 SANTA ROSA                 CA   95409-3806   $2,546.25            12/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 50770730                        8.250        $264,575.00          $264,406.28         $264,406.28         12/01/2000
 GADZIA, CHRIS G                              10/20/2000           360                 Primary Residence   Purchase
 4186 FOX RIDGE DRIVE                         Standard             N                   12/01/2000          95
 HELENA                     MT   59602-0000   $1,987.67            11/01/2030          DEC2000             $0.00
 50771070                        8.250        $351,150.00          $350,926.08         $351,150.00         12/01/2000
 PERKINS, EVAN S                              10/19/2000           360                 Primary Residence   Refinance
 43 RIVERSIDE LANE                            Select               N                   11/01/2000          68.8529
 RIVERSIDE                  CT   06878-0000   $2,638.08            11/01/2030          DEC2000             $0.00

 50771200                        8.250        $400,000.00          $400,000.00         $400,000.00         01/01/2001
 MAGUIRE, GRETCHEN                            11/17/2000           360                 Primary Residence   Refinance
 78 ROGERS STREET                             Standard             N                   12/01/2000          32
 WEST NEWBURY               MA   01985-0000   $3,005.07            12/01/2030          DEC2000             $0.00

 50773010                        8.250        $340,200.00          $339,983.07         $339,983.07         12/01/2000
 HARMON, DAVID M                              10/26/2000           360                 Primary Residence   Refinance
 1250 REMINGTON CIRCLE                        Standard             N                   12/01/2000          69.8563
 SHREVEPORT                 LA   71106-8297   $2,555.81            11/01/2030          DEC2000             ($0.01)
 50773020                        7.875        $520,000.00          $519,642.13         $519,642.13         12/01/2000
 BURLESON, ROBERT B                           10/27/2000           360                 Primary Residence   Refinance
 615 E 16TH STREET                            Standard             N                   12/01/2000          80
 HOUSTON                    TX   77008-0000   $3,770.37            11/01/2030          DEC2000             $0.00

 50774680                        8.250        $287,000.00          $287,000.00         $287,000.00         01/01/2001
 LIEDAHL, DAVID H                             11/22/2000           360                 Primary Residence   Refinance
 5517 VALINDA AVENUE                          Standard             N                   12/01/2000          70.3431
 RANCHO CUCAMONGA           CA   91737-2420   $2,156.14            12/01/2030          DEC2000             $0.00

 50775880                        8.250        $492,000.00          $492,000.00         $492,000.00         01/01/2001
 KULIG, KENNETH W                             11/15/2000           360                 Primary Residence   Purchase
 38 MOUNTAIN LAUREL DRIVE                     Standard             N                   12/01/2000          80
 LITTLETON                  CO   80127-0000   $3,696.24            12/01/2030          DEC2000             $0.00
 50776140                        7.750        $436,000.00          $436,000.00         $436,000.00         01/01/2001
 RICHARDS, PAUL S                             11/08/2000           360                 Primary Residence   Purchase
 735 WINDBREAK TRAIL                          Standard             N                   12/01/2000          80
 HOUSTON                    TX   77079-0000   $3,123.56            12/01/2030          DEC2000             $0.00

 50776390                        8.125        $360,000.00          $359,764.51         $359,764.51         12/01/2000
 RIDER, DOUGLAS K                             10/25/2000           360                 Primary Residence   Refinance
 5631 GREENBUSH AVENUE                        Streamline           N                   12/01/2000          80
 VALLEY GLEN                CA   91401-0000   $2,672.99            11/01/2030          DEC2000             $0.00

 50776740                        7.875        $400,000.00          $400,000.00         $400,000.00         01/01/2001
 HINDI, FAEIZ                                 11/17/2000           360                 Primary Residence   Purchase
 3 CROYDEN ROAD                               Standard             N                   12/01/2000          52.6316
 MORRISTOWN                 NJ   07960-0000   $2,900.28            12/01/2030          DEC2000             $0.00
 50778060                        8.000        $380,000.00          $379,745.02         $379,745.02         12/01/2000
 CROSS, DENNIS R                              11/15/2000           360                 Primary Residence   Refinance
 24855 CAMBERWELL STREET                      Standard             N                   12/01/2000          78.3505
 LAGUNA HILLS               CA   92653-0000   $2,788.31            11/01/2030          DEC2000             $0.00

 50778230                        7.875        $301,400.00          $301,192.58         $301,400.00         12/01/2000
 MORAN, JEFFREY E                             10/31/2000           360                 Primary Residence   Purchase
 31 SHODDY MILL ROAD                          Standard             N                   11/01/2000          92.7385
 BOLTON                     CT   06043-0000   $2,185.36            11/01/2030          DEC2000             $0.00

 50779140                        7.625        $712,400.00          $712,400.00         $712,400.00         01/01/2001
 ALLEN, DAVID H                               11/22/2000           360                 Primary Residence   Purchase
 17417 BLUE JAY DRIVE                         VIP Relocation       N                   12/01/2000          74.9934
 MORGAN HILL                CA   95037-0000   $5,042.33            12/01/2030          DEC2000             $0.00
 50779500                        8.000        $440,000.00          $439,704.76         $439,704.76         12/01/2000
 RYZNAR, PAUL                                 10/30/2000           360                 Second Home         Purchase
 9170 W HIGGINS LAKE DR                       Select               N                   12/01/2000          80
 ROSCOMMON                  MI   48653-0000   $3,228.57            11/01/2030          DEC2000             $0.00

 50779790                        8.125        $330,000.00          $329,784.12         $329,784.12         12/01/2000
 JACKSON, REBECCA P                           10/27/2000           360                 Primary Residence   Purchase
 1308 SLEEPY HOLLOW                           Standard             N                   12/01/2000          61.6822
 GLENVIEW                   IL   60025-0000   $2,450.25            11/01/2030          DEC2000             $0.01

 50779980                        8.000        $288,000.00          $288,000.00         $288,000.00         01/01/2001
 VEITCH, SCOTT M                              11/30/2000           360                 Primary Residence   Purchase
 6004 HIGHLAND DRIVE                          Standard             N                   12/01/2000          80
 PALATINE                   IL   60067-0000   $2,113.25            12/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 50781340                        8.250        $334,850.00          $334,850.00         $334,850.00         01/01/2001
 DUTMERS, MATTHEW J                           11/17/2000           360                 Primary Residence   Purchase
 925 PALOMINO WAY                             Standard             N                   12/01/2000          94.9929
 WINDSOR                    CO   80550-0000   $2,515.62            12/01/2030          DEC2000             $0.00
 50781420                        8.125        $375,000.00          $375,000.00         $375,000.00         01/01/2001
 ERIKSSON, WALTER                             11/29/2000           360                 Primary Residence   Purchase
 115 UPPER KINGTOWN ROAD                      Standard             N                   12/01/2000          60.7287
 FRANKLIN TOWNSHIP          NJ   08867-0000   $2,784.37            12/01/2030          DEC2000             $0.00

 50781760                        8.500        $304,000.00          $304,000.00         $304,000.00         01/01/2001
 D'ALESSANDRO, JULES J                        11/30/2000           360                 Primary Residence   Purchase
 5 JASONS GRANT DRIVE                         Standard             N                   12/01/2000          80
 CUMBERLAND                 RI   02864-0000   $2,337.50            12/01/2030          DEC2000             $0.00

 50783330                        8.000        $343,000.00          $342,769.85         $342,769.85         12/01/2000
 BLACK, DAVID L                               10/30/2000           360                 Primary Residence   Purchase
 35 LAST CHANCE COURT                         Standard             N                   12/01/2000          79.9534
 NEDERLAND                  CO   80466-0000   $2,516.82            11/01/2030          DEC2000             $0.00
 50783540                        8.250        $560,000.00          $560,000.00         $560,000.00         01/01/2001
 FRENCH, JOHNATHAN A                          11/27/2000           360                 Primary Residence   Purchase
 30 VASSAL LANE                               Standard             N                   12/01/2000          80
 CAMBRIDGE                  MA   02138-0000   $4,207.10            12/01/2030          DEC2000             $0.00

 50783730                        7.875        $296,850.00          $296,645.71         $296,645.71         12/01/2000
 HAINES, STEVEN J                             10/27/2000           360                 Primary Residence   Purchase
 4243 PRAIRIE FIRE CIRCLE                     Standard             N                   12/01/2000          94.992
 LONGMONT                   CO   80503-0000   $2,152.37            11/01/2030          DEC2000             $0.00

 50785170                        8.000        $425,000.00          $425,000.00         $425,000.00         01/01/2001
 BASH, SHERWIN                                11/15/2000           360                 Primary Residence   Refinance
 10409 E LAUREL LANE                          Standard             N                   12/01/2000          48.5714
 SCOTTSDALE                 AZ   85259-0000   $3,118.50            12/01/2030          DEC2000             $0.00
 50785690                        8.375        $320,000.00          $320,000.00         $319,801.09         01/01/2001
 BERRY, THOMAS C                              11/16/2000           360                 Primary Residence   Purchase
 165 WORTH DRIVE                              Standard             N                   01/01/2001          80
 ATLANTA                    GA   30327-0000   $2,432.24            12/01/2030          DEC2000             $0.00

 50787410                        7.250        $348,000.00          $348,000.00         $348,000.00         01/01/2001
 BRYANT, THOMAS G                             11/13/2000           360                 Primary Residence   Purchase
 36519 GREENSPRING                            Standard             N                   12/01/2000          80
 FARMINGTON HILLS           MI   48331-0000   $2,373.98            12/01/2030          DEC2000             $0.00

 50788780                        8.000        $282,000.00          $281,780.00         $281,780.00         12/01/2000
 KOCHMAN, KURT                                10/26/2000           360                 Primary Residence   Refinance
 4321 NEOSHO AVENUE                           Standard             N                   12/01/2000          79.8867
 LOS ANGELES                CA   90066-6131   $2,069.22            11/01/2030          DEC2000             $30.78
 50789110                        8.375        $440,000.00          $440,000.00         $440,000.00         01/01/2001
 WOODS, STEVEN E                              11/16/2000           360                 Primary Residence   Purchase
 2228 ARBOR CREST DRIVE                       Standard             N                   12/01/2000          80
 CARROLLTON                 TX   75007-0000   $3,344.32            12/01/2030          DEC2000             $0.00

 50789820                        8.250        $335,500.00          $335,500.00         $335,500.00         01/01/2001
 COLEMAN, RUSSELL T                           11/07/2000           360                 Primary Residence   Refinance
 7 MORRISON LANE                              Standard             N                   12/01/2000          70.3354
 WESTFORD                   MA   01886-0000   $2,520.50            12/01/2030          DEC2000             $0.00

 50790600                        8.125        $310,400.00          $310,196.95         $310,196.95         12/01/2000
 JONES, MARK W                                10/31/2000           360                 Primary Residence   Purchase
 3915 HARVEST KNOLL DRIVE                     Standard             N                   12/01/2000          80
 RICHARDSON                 TX   75082-0000   $2,304.72            11/01/2030          DEC2000             $0.00
 50790780                        8.125        $518,500.00          $518,500.00         $518,500.00         01/01/2001
 LEVIT, SAUL                                  11/17/2000           360                 Primary Residence   Refinance
 647 OLD GULPH ROAD                           Standard             N                   12/01/2000          61
 BRYN MAWR                  PA   19010-1805   $3,849.85            12/01/2030          DEC2000             $0.00

 50791770                        8.250        $563,600.00          $563,600.00         $563,600.00         01/01/2001
 STEADMAN, JOHN E                             11/14/2000           360                 Primary Residence   Refinance
 801 HUNTINGTON COURT                         Standard             N                   12/01/2000          66.3059
 SOUTHLAKE                  TX   76092-0000   $4,234.14            12/01/2030          DEC2000             $0.00

 50795540                        8.000        $450,000.00          $450,000.00         $450,000.00         01/01/2001
 BRIM, BRADLEY L                              11/27/2000           360                 Primary Residence   Purchase
 1078 MARBLE COURT                            Standard             N                   12/01/2000          69.2308
 BOULDER                    CO   80303-0000   $3,301.95            12/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 50797120                        8.500        $287,670.00          $287,670.00         $287,670.00         01/01/2001
 FALCO, GUY P                                 11/10/2000           360                 Primary Residence   Refinance
 6421 116TH AVENUE NORTHEAST                  Standard             N                   12/01/2000          92.7968
 KIRKLAND                   WA   98033-0000   $2,211.94            12/01/2030          DEC2000             $0.00
 50797670                        8.125        $375,000.00          $375,000.00         $375,000.00         01/01/2001
 DIGIACOMO, JAMES                             11/28/2000           360                 Primary Residence   Purchase
 63 HIGH ST                                   Standard             N                   12/01/2000          56.8182
 SHREWSBURY                 MA   01545-0000   $2,784.37            12/01/2030          DEC2000             $0.00

 50798530                        7.875        $352,250.00          $352,250.00         $352,250.00         01/01/2001
 STANGEL, MICHAEL A                           11/16/2000           360                 Primary Residence   Purchase
 10600 WHEATLAND AVENUE                       Standard             N                   12/01/2000          79.9926
 SUNLAND                    CA   91040-0000   $2,554.06            12/01/2030          DEC2000             $0.00

 50798560                        8.250        $340,000.00          $338,947.19         $338,947.19         12/01/2000
 AL-SALEM, SALIM SULIAMAN                     10/31/2000           360                 Primary Residence   Purchase
 490 FOREST AVENUE                            Standard             N                   12/01/2000          80
 PARAMUS                    NJ   07652-0000   $2,554.31            11/01/2030          DEC2000             $836.00
 50799110                        8.250        $439,500.00          $439,500.00         $439,500.00         01/01/2001
 SULTZE, STUART ALAN                          11/29/2000           240                 Primary Residence   Refinance
 7404 CALLE SAGRADA                           Standard             N                   12/01/2000          69.2126
 BAKERSFIELD                CA   93309-0000   $3,744.83            12/01/2020          DEC2000             $0.00

 50799650                        8.000        $288,000.00          $288,000.00         $287,806.75         01/01/2001
 STROMBERG, DANIEL S                          11/06/2000           360                 Primary Residence   Refinance
 10 SANTA ISABEL                              Standard             N                   01/01/2001          80
 RANCHO SANTA               CA   92688-2424   $2,113.25            12/01/2030          DEC2000             $0.00

 50802960                        8.250        $286,000.00          $286,000.00         $286,000.00         01/01/2001
 HINTZ, THOMAS E                              11/10/2000           360                 Primary Residence   Purchase
 10616 WINCHELSEA DRIVE                       Standard             N                   12/01/2000          58.8477
 AUSTIN                     TX   78750-0000   $2,148.63            12/01/2030          DEC2000             $0.00
 50805420                        8.375        $570,000.00          $569,645.71         $569,645.71         12/01/2000
 BETHARD, JAMES C                             10/31/2000           360                 Primary Residence   Purchase
 10721 FOURNIER DRIVE                         Select               N                   12/01/2000          80
 FAIRFAX STATION            VA   22039-0000   $4,332.42            11/01/2030          DEC2000             ($0.01)

 50807320                        7.375        $500,000.00          $500,000.00         $500,000.00         01/01/2001
 HARVEY, LYNN S                               11/14/2000           360                 Primary Residence   Purchase
 502 19TH STREET                              Relocation           N                   12/01/2000          75.9301
 HUNTINGTON BEACH           CA   92648-0000   $3,453.38            12/01/2030          DEC2000             $0.00

 50808620                        8.000        $421,600.00          $421,600.00         $421,600.00         01/01/2001
 GUNDERSON, MATTHEW A                         11/27/2000           360                 Primary Residence   Purchase
 52 LAURELHURST DRIVE                         Select               N                   12/01/2000          80
 LADERA RANCH               CA   92694-0203   $3,093.56            12/01/2030          DEC2000             $0.00
 50809100                        7.875        $400,000.00          $400,000.00         $400,000.00         01/01/2001
 PORTER, JAMES R                              11/21/2000           360                 Second Home         Purchase
 165 JOLEE TRAIL                              Standard             N                   12/01/2000          49.6894
 ALMONT                     CO   81210-0000   $2,900.28            12/01/2030          DEC2000             $0.00

 50809560                        7.875        $400,000.00          $400,000.00         $400,000.00         01/01/2001
 FRAZIER, DONALD E                            11/22/2000           360                 Primary Residence   Purchase
 4638 GOODISON PLACE DRIVE                    Select               N                   12/01/2000          44.4444
 ROCHESTER                  MI   48306-0000   $2,900.28            12/01/2030          DEC2000             $0.00

 50809910                        8.500        $298,870.00          $298,870.00         $298,870.00         01/01/2001
 FRISLIE, GREG A.                             11/17/2000           360                 Primary Residence   Purchase
 1216 WEST LAKE SAMMAMISH PARKWAY             Standard             N                   12/01/2000          75.1874
 BELLEVUE                   WA   98008-0000   $2,298.06            12/01/2030          DEC2000             $0.00
 50810140                        8.125        $479,050.00          $479,050.00         $479,050.00         01/01/2001
 SILVEIRA, SCOTT S                            11/21/2000           360                 Primary Residence   Refinance
 419 DRY CREEK ROAD                           Select               N                   12/01/2000          58.4921
 HEALDSBURG                 CA   95448-0000   $3,556.94            12/01/2030          DEC2000             $0.00

 50810160                        8.250        $339,550.00          $338,861.68         $338,861.68         12/01/2000
 RICHARD, ANDREW G                            11/10/2000           360                 Primary Residence   Refinance
 202 PEPPERBUSH LANE                          Standard             N                   12/01/2000          66.5784
 LOUISVILLE                 KY   40207-0000   $2,550.93            11/01/2030          DEC2000             $471.80

 50810860                        7.625        $335,000.00          $335,000.00         $335,000.00         01/01/2001
 LOH, JAMES                                   11/14/2000           360                 Primary Residence   Purchase
 2120 SHELBURNE WAY                           Select               N                   12/01/2000          77.0115
 TORRANCE                   CA   90503-0000   $2,371.11            12/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 50810870                        8.000        $363,750.00          $363,750.00         $363,750.00         01/01/2001
 SIEGEL, PHILIP I                             11/16/2000           360                 Primary Residence   Refinance
 17694 HEVER CIRCLE                           Select               N                   12/01/2000          75
 FOUNTAIN VALLEY            CA   92708-0000   $2,669.07            12/01/2030          DEC2000             $0.00
 50810970                        8.000        $500,000.00          $500,000.00         $500,000.00         01/01/2001
 THORNTON, DENNIS P                           11/16/2000           360                 Primary Residence   Purchase
 18703 DOCTORS PASS LANE                      Standard             N                   12/01/2000          71.4286
 WILDWOOD                   MO   63005-0000   $3,668.83            12/01/2030          DEC2000             $0.00

 50813350                        8.375        $320,000.00          $320,000.00         $320,000.00         01/01/2001
 MASTEN, JAMES WILLIAM                        11/17/2000           360                 Primary Residence   Refinance
 8528 14TH AVE NW                             Standard             N                   12/01/2000          63.745
 SEATTLE                    WA   98117-0000   $2,432.24            12/01/2030          DEC2000             $0.00

 50813920                        7.625        $360,000.00          $360,000.00         $360,000.00         01/01/2001
 MILLER, KARL C                               11/27/2000           360                 Primary Residence   Purchase
 35 SKYVIEW ROAD                              Standard             N                   12/01/2000          62.1977
 ORANGE                     CT   06477-0000   $2,548.06            12/01/2030          DEC2000             $0.00
 50815360                        7.875        $278,700.00          $278,700.00         $278,700.00         01/01/2001
 BROWN, LARRY J                               11/20/2000           360                 Primary Residence   Purchase
 34662 FONTANA DRIVE                          Standard             N                   12/01/2000          94.993
 STERLING HEIGHTS           MI   48312-5730   $2,020.77            12/01/2030          DEC2000             $0.00

 50815470                        7.625        $400,000.00          $400,000.00         $400,000.00         01/01/2001
 MCVEIGH, JOHN BRIAN                          11/30/2000           360                 Primary Residence   Purchase
 51274 PLYMOUTH VALLEY DRIVE                  Select               N                   12/01/2000          72.6784
 PLYMOUTH                   MI   48170-0000   $2,831.18            12/01/2030          DEC2000             $0.00

 50815900                        7.750        $375,000.00          $375,000.00         $375,000.00         02/01/2001
 LEVINE, WILLIAM A                            12/06/2000           360                 Primary Residence   Purchase
 520 OAKLEAF WAY                              Relocation           N                   01/01/2001          77.1288
 ALPHARETTA                 GA   30004-0000   $2,686.55            01/01/2031          DEC2000             $262.98
 50816380                        8.125        $440,000.00          $440,000.00         $440,000.00         01/01/2001
 ULLRICH, FREDERICK J                         11/30/2000           360                 Primary Residence   Purchase
 1697 APPLE RIDGE COURT                       Standard             N                   12/01/2000          75.8149
 ROCHESTER HILLS            MI   48306-0000   $3,266.99            12/01/2030          DEC2000             $0.00

 50816770                        8.250        $311,500.00          $311,500.00         $311,500.00         01/01/2001
 GAMMON, GARY G                               11/29/2000           360                 Primary Residence   Purchase
 4512 162ND WAY SE                            Standard             N                   12/01/2000          66.9965
 BELLEVUE                   WA   98006-0000   $2,340.20            12/01/2030          DEC2000             $0.00

 50817840                        8.750        $400,000.00          $400,000.00         $400,000.00         01/01/2001
 WELLS, WILLIAM E                             11/21/2000           360                 Primary Residence   Refinance
 21325 TRASKWOOD COURT                        Standard             N                   12/01/2000          79.6813
 STERLING                   VA   20165-7604   $3,146.81            12/01/2030          DEC2000             $0.00
 50818100                        8.125        $319,950.00          $319,950.00         $319,950.00         01/01/2001
 DIAMOS, BRENDA Z                             11/27/2000           360                 Primary Residence   Refinance
 3293 FRONDA DRIVE                            Standard             N                   12/01/2000          76.1786
 SAN JOSE                   CA   95148-0000   $2,375.62            12/01/2030          DEC2000             $0.00

 50818200                        8.000        $363,920.00          $363,920.00         $363,920.00         01/01/2001
 BECKER, KENNETH L                            11/03/2000           360                 Primary Residence   Purchase
 6431 LUNDIN LINKS LANE                       Select               N                   12/01/2000          80
 CHARLOTTE                  NC   28277-0000   $2,670.32            12/01/2030          DEC2000             $0.00

 50818760                        8.375        $348,000.00          $348,000.00         $348,000.00         01/01/2001
 THOMPSON, SAMRUEN UTINTU                     11/08/2000           360                 Primary Residence   Refinance
 3060 NOTTINGHAM DRIVE                        Standard             N                   12/01/2000          78.6441
 SHREVEPORT                 LA   71115-0000   $2,645.06            12/01/2030          DEC2000             $0.00
 50819590                        7.875        $315,000.00          $315,000.00         $315,000.00         01/01/2001
 PRUSAKOV, GRIGORIY                           11/28/2000           360                 Primary Residence   Purchase
 24 LONGWOOD DRIVE                            Standard             N                   12/01/2000          90
 SWAMPSCOTT                 MA   01907-0000   $2,283.97            12/01/2030          DEC2000             $0.00

 50820220                        8.250        $445,000.00          $445,000.00         $445,000.00         01/01/2001
 TREVINO, CONRAD                              11/28/2000           360                 Second Home         Purchase
 1320 S OCEAN DRIVE                           Standard             N                   12/01/2000          68.9922
 FORT LAUDERDALE            FL   33316-0000   $3,343.14            12/01/2030          DEC2000             $0.00

 50821040                        7.750        $295,000.00          $295,000.00         $295,000.00         01/01/2001
 GUZIOR, PETER M                              11/15/2000           360                 Primary Residence   Purchase
 5409 MORNINGVIEW TERRACE                     Standard             N                   12/01/2000          77.6316
 BRIGHTON                   MI   48327-0000   $2,113.42            12/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 50821140                        8.125        $374,000.00          $374,000.00         $374,000.00         01/01/2001
 ROMERO, DANIEL P                             11/27/2000           360                 Primary Residence   Purchase
 27155 PRESTANCIA WAY                         Standard             N                   12/01/2000          60.7924
 SALINAS                    CA   93908-0000   $2,776.94            12/01/2030          DEC2000             $0.00
 50821230                        7.875        $288,000.00          $288,000.00         $288,000.00         01/01/2001
 KUNKEL, RUSSELL J                            11/27/2000           360                 Primary Residence   Purchase
 915 MALLARD DRIVE                            Standard             N                   12/01/2000          80
 COPPELL                    TX   75019-0000   $2,088.20            12/01/2030          DEC2000             $0.00

 50824630                        8.250        $457,400.00          $457,400.00         $457,400.00         01/01/2001
 WILSON, THOMAS J                             11/20/2000           360                 Second Home         Purchase
 11790 E BIG COTTONWOOD CANYON #421           Standard             N                   12/01/2000          74.9959
 SOLITUDE                   UT   84121-0000   $3,436.30            12/01/2030          DEC2000             $0.00

 50825800                        8.000        $596,250.00          $596,250.00         $596,250.00         01/01/2001
 NYE, GLENN C                                 11/09/2000           360                 Second Home         Purchase
 137 RIDGE RUN DRIVE                          Standard             N                   12/01/2000          75
 WHITEFISH                  MT   59937-0000   $4,375.08            12/01/2030          DEC2000             $0.00
 50826170                        8.250        $1,000,000.00        $1,000,000.00       $1,000,000.00       01/01/2001
 DANISH, RIZWAN                               11/24/2000           360                 Primary Residence   Refinance
 293 WILSHIRE DRIVE                           Streamline           N                   12/01/2000          57.1429
 BLOOMFIELD HILLS           MI   48302-0000   $7,512.67            12/01/2030          DEC2000             $0.00

 50826460                        8.375        $302,100.00          $302,100.00         $302,100.00         02/01/2001
 PAMPENA, VINCENT L                           12/05/2000           360                 Primary Residence   Purchase
 14 NURSERY STREET                            Standard             N                   01/01/2001          95
 NORWALK                    CT   06850-0000   $2,296.18            01/01/2031          DEC2000             $186.47

 50828250                        8.125        $466,600.00          $466,600.00         $466,294.77         01/01/2001
 MCDANIEL, LEON M                             11/21/2000           360                 Primary Residence   Refinance
 4811 TRAILVIEW DRIVE                         Select               N                   01/01/2001          70.697
 WEST BLOOMFIELD            MI   48322-0000   $3,464.50            12/01/2030          DEC2000             $0.00
 50828390                        8.125        $327,750.00          $327,750.00         $327,750.00         01/01/2001
 VATTURI, ARUN                                11/22/2000           360                 Primary Residence   Refinance
 4443 HOLT STREET                             Standard             N                   12/01/2000          75
 UNION CITY                 CA   94587-5618   $2,433.54            12/01/2030          DEC2000             $0.00

 50828430                        8.000        $492,000.00          $492,000.00         $492,000.00         01/01/2001
 WARZECKA, SUSAN S                            12/05/2000           360                 Primary Residence   Purchase
 508 BURR OAK PLACE                           Standard             N                   12/01/2000          80
 HINSDALE                   IL   60521-0000   $3,610.13            12/01/2030          DEC2000             $0.00

 50829690                        7.875        $385,000.00          $385,000.00         $385,000.00         01/01/2001
 DAGGETT, CHERYL E                            11/15/2000           360                 Primary Residence   Purchase
 1038 KISER DRIVE                             Standard             N                   12/01/2000          75.4902
 SAN JOSE                   CA   95120-0000   $2,791.52            12/01/2030          DEC2000             $0.00
 50834800                        8.125        $340,800.00          $340,800.00         $340,800.00         02/01/2001
 NAZAROW, MICHAEL M                           12/01/2000           360                 Second Home         Purchase
 6732 OCEAN DRIVE #UNIT SOUTH                 Standard             N                   01/01/2001          80
 AVALON                     NJ   08202-0000   $2,530.44            01/01/2031          DEC2000             $221.44

 50836630                        7.875        $378,000.00          $378,000.00         $378,000.00         01/01/2001
 SLATER, TERRY A                              11/22/2000           360                 Primary Residence   Purchase
 3318 OAK TREE COURT                          Standard             N                   12/01/2000          90
 SUGAR LAND                 TX   77479-0000   $2,740.77            12/01/2030          DEC2000             $0.00

 50841880                        8.375        $313,450.00          $313,450.00         $313,450.00         01/01/2001
 SCOTT, DENNIS M                              11/10/2000           360                 Primary Residence   Refinance
 2905 ERIC DRIVE                              Standard             N                   12/01/2000          77.3951
 WHITE LAKE                 MI   48383-0000   $2,382.45            12/01/2030          DEC2000             $0.00
 50843100                        8.375        $353,099.00          $353,099.00         $353,099.00         02/01/2001
 ROHLMAN, FRANCES B                           12/04/2000           360                 Primary Residence   Purchase
 26018 FELICITY LANDIING                      Standard             N                   01/01/2001          80
 HARRISON TOWNSHIP          MI   48045-0000   $2,683.81            01/01/2031          DEC2000             $217.95

 50845930                        8.000        $343,900.00          $343,900.00         $343,900.00         01/01/2001
 TABLER, JERRY L                              11/30/2000           360                 Primary Residence   Purchase
 2701 KAPALUA COURT                           Standard             N                   12/01/2000          79.9953
 FAIRFIELD                  CA   94533-7810   $2,523.42            12/01/2030          DEC2000             $0.00

 50847370                        8.250        $471,500.00          $471,500.00         $471,500.00         01/01/2001
 BYRNE, PATRICIA A                            11/21/2000           360                 Primary Residence   Refinance
 11 SIMONDS ROAD                              Standard             N                   12/01/2000          78.1924
 WINCHESTER                 MA   01890-0000   $3,542.23            12/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 50848850                        8.250        $384,000.00          $384,000.00         $384,000.00         01/01/2001
 MATTOX, DANIEL R                             11/22/2000           360                 Primary Residence   Refinance
 205 GRANDVIEW CIRCLE                         Standard             N                   12/01/2000          80
 MEAD                       CO   80542-0000   $2,884.87            12/01/2030          DEC2000             $0.00
 50850240                        7.875        $287,200.00          $287,200.00         $287,200.00         01/01/2001
 BUDSUKE, KOSIN                               11/30/2000           360                 Primary Residence   Purchase
 20370 MILL POND TERRACE                      Relocation           N                   12/01/2000          80
 GERMANTOWN                 MD   20876-6034   $2,082.40            12/01/2030          DEC2000             $0.00

 50850270                        8.250        $410,000.00          $410,000.00         $410,000.00         02/01/2001
 CURRAN, THOMAS W                             12/04/2000           360                 Primary Residence   Refinance
 55 TAQUOSHE PLACE                            Standard             N                   01/01/2001          68.3333
 FAIRFIELD                  CT   06430-0000   $3,080.20            01/01/2031          DEC2000             $259.66

 50852550                        8.125        $448,800.00          $448,800.00         $448,800.00         01/01/2001
 BASS, MICHAEL T                              11/22/2000           360                 Primary Residence   Refinance
 3535 BRADWAY                                 Select               N                   12/01/2000          78.1882
 BLOOMFIELD TWP             MI   48301-0000   $3,332.33            12/01/2030          DEC2000             $0.00
 50856270                        7.875        $304,000.00          $304,000.00         $304,000.00         01/01/2001
 DEMUTH, KEITH J                              11/22/2000           360                 Primary Residence   Purchase
 1184 PALOMAR DRIVE                           Standard             N                   12/01/2000          80
 TRACY                      CA   95376-0000   $2,204.22            12/01/2030          DEC2000             $0.00

 50860880                        7.875        $382,400.00          $382,400.00         $382,400.00         01/01/2001
 WANG, CHING                                  11/30/2000           360                 Primary Residence   Purchase
 13912 NW GREENWOOD DRIVE                     Standard             N                   12/01/2000          80
 PORTLAND                   OR   97229-0000   $2,772.67            12/01/2030          DEC2000             $0.00

 60000241                        7.125        $260,000.00          $255,217.61         $255,217.61         07/01/1999
 SANQUI, GIL P                                05/01/1999           360                 Primary Residence   Refinance
 1500 SAN CLEMENTE LANE                       Standard             N                   12/01/2000          83.8709
 CORONA                     CA   91720-0000   $1,751.67            06/01/2029          DEC2000             $844.83
 60000245                        7.125        $300,000.00          $295,456.62         $295,721.93         07/01/1999
 STOOPS, RILEY                                05/06/1999           360                 Primary Residence   Refinance
 19407 SURF DRIVE                             Standard             N                   11/01/2000          73.1707
 HUNTINGTON BEACH           CA   92648-0000   $2,021.16            06/01/2029          DEC2000             $0.00

 60000712                        7.125        $319,900.00          $315,338.16         $315,338.16         08/01/1999
 DEDHIA, DHIRAJ S                             06/18/1999           360                 Second Home         Purchase
 955 NORTH COTTONWOOD WAY                     Standard             N                   12/01/2000          79.99
 WALNUT                     CA   91789-0000   $2,155.23            07/01/2029          DEC2000             $0.00

 60001547                        6.750        $420,800.00          $413,952.16         $413,952.16         07/01/1999
 MARSHALL, GAIL M                             05/18/1999           360                 Primary Residence   Purchase
 9102 BELCARO DRIVE                           Standard             N                   12/01/2000          80
 HUNTINGTON BEACH           CA   92646-0000   $2,729.31            06/01/2029          DEC2000             $4.89
 60001547                        6.875        $293,400.00          $288,740.34         $288,740.34         07/01/1999
 STAFFORD, DAVID M                            05/27/1999           360                 Primary Residence   Purchase
 25514 VIA JUANA                              Standard             N                   12/01/2000          90
 SANTA CLARITA              CA   91355-0000   $1,927.43            06/01/2029          DEC2000             ($0.02)

 60001566                        7.250        $334,000.00          $329,061.26         $329,061.26         07/01/1999
 ATCHISON, THOMAS M                           05/18/1999           360                 Primary Residence   Refinance
 272 DRY CREEK ROAD                           Standard             N                   12/01/2000          77.6744
 APTOS                      CA   95003-0000   $2,278.47            06/01/2029          DEC2000             ($0.01)

 60001567                        7.250        $450,000.00          $443,734.80         $443,734.80         08/01/1999
 KNOBLAUCH, DAVID T                           06/17/1999           360                 Primary Residence   Purchase
 5641 WHITECLIFF DRIVE                        Standard             N                   12/01/2000          79.646
 RANCHO PALOS VERDES        CA   90275-0000   $3,069.80            07/01/2029          DEC2000             $0.00
 60001568                        6.750        $459,660.00          $452,620.60         $452,620.60         08/01/1999
 SHAW, SYDNEY                                 06/07/1999           360                 Primary Residence   Purchase
 513 SEASPRAY COURT                           Standard             N                   12/01/2000          80
 PACIFICA                   CA   94044-0000   $2,981.35            07/01/2029          DEC2000             ($0.01)

 60001568                        7.125        $353,800.00          $341,329.88         $341,329.88         08/01/1999
 BECKER, JAMES D                              06/18/1999           360                 Primary Residence   Refinance
 6146 MANZANILLO DRIVE GOLETA AR              Standard             N                   12/01/2000          76.913
 GOLETA                     CA   93117-0000   $2,383.62            07/01/2029          DEC2000             $7,424.87

 60001569                        7.125        $447,650.00          $440,619.91         $441,017.28         09/01/1999
 CASTILLO, MILLIE ANN P                       07/14/1999           360                 Primary Residence   Purchase
 310 CASTILE WAY                              Standard             N                   11/01/2000          79.5955
 SOUTH SAN FRANCISCO        CA   94080-0000   $3,015.91            08/01/2029          DEC2000             $1,040.01

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 60001588                        7.250        $300,000.00          $295,823.26         $295,823.26         08/01/1999
 HO, HING W                                   06/10/1999           360                 Primary Residence   Refinance
 5724 MIDDLE CREST DRIVE                      Standard             N                   12/01/2000          75
 AGOURA HILLS               CA   91301-0000   $2,046.53            07/01/2029          DEC2000             $0.00
 60001708                        7.625        $370,800.00          $365,998.19         $365,998.19         08/01/1999
 SCHROEDER, JAMES D                           06/18/1999           360                 Primary Residence   Purchase
 14960 TAMARIX DRIVE                          Standard             N                   12/01/2000          90
 HACIENDA HEIGHTS           CA   91745-0000   $2,624.50            07/01/2029          DEC2000             ($0.02)

 60001713                        7.125        $420,000.00          $414,380.02         $414,380.02         09/01/1999
 FULLER, JOSEPH BETRAM CHARLES                07/14/1999           360                 Primary Residence   Other
 2062 TOURAINE LANE                           Standard             N                   12/01/2000          75.6756
 HALF MOON BAY              CA   94019-0000   $2,829.62            08/01/2029          DEC2000             ($0.01)

 60001714                        7.250        $350,000.00          $339,782.54         $340,115.30         11/01/1999
 CALINGA, SHERMAN E                           09/24/1999           360                 Primary Residence   Refinance
 22799 LAKEMONT PLACE                         Standard             N                   11/01/2000          78.6516
 CASTRO VALLEY              CA   94552-0000   $2,387.62            10/01/2029          DEC2000             $6,241.14
 60001722                        7.000        $355,500.00          $349,662.69         $349,662.69         06/01/1999
 ALFON, KEITH                                 04/14/1999           360                 Primary Residence   Other
 7801 MCCONNELL AVENUE                        Standard             N                   12/01/2000          79
 LOS ANGELES                CA   90045-0000   $2,365.16            05/01/2029          DEC2000             $0.00

 60001723                        7.000        $332,400.00          $327,545.41         $327,545.41         08/01/1999
 PEACOCK, STEPHEN P                           06/22/1999           360                 Primary Residence   Purchase
 6521 VIA SIENA                               Standard             N                   12/01/2000          80
 RANCHO PALOS VERDES        CA   90275-0000   $2,211.47            07/01/2029          DEC2000             $0.01

 60002589                        8.375        $468,750.00          $467,181.84         $467,181.84         12/01/2000
 RUDWALL, DAVID F                             10/12/2000           360                 Primary Residence   Refinance
 2090 W ALEX BELL RD                          Standard             N                   12/01/2000          75
 DAYTON                     OH   45459-0000   $3,562.83            11/01/2030          DEC2000             $1,276.81
 60003311                        8.000        $440,000.00          $438,504.00         $438,504.00         08/01/2000
 ARDIZZONE, GARRY R                           06/30/2000           360                 Primary Residence   Purchase
 15271 TALL OAK AVENUE                        Standard             N                   12/01/2000          61.1111
 DELRAY BEACH               FL   33446-0000   $3,228.57            07/01/2030          DEC2000             $0.00

 60003424                        8.125        $312,000.00          $310,754.56         $310,754.56         07/01/2000
 LAPERNA, JAMES T                             06/01/2000           360                 Primary Residence   Purchase
 116 CRYSTLEWOOD CT                           Standard             N                   12/01/2000          77.8055
 MORRISVILLE                NC   27560-7569   $2,316.59            06/01/2030          DEC2000             ($0.02)

 60003445                        8.250        $500,000.00          $499,681.17         $499,681.17         12/01/2000
 FIGGE, PETER T                               10/12/2000           360                 Primary Residence   Refinance
 8 VISTA LADERA                               Standard             N                   12/01/2000          25
 CARMEL VALLEY              CA   93924-0000   $3,756.33            11/01/2030          DEC2000             $0.00
 60003590                        8.375        $342,000.00          $341,357.85         $341,357.85         10/01/2000
 BORDOLOI, PALLAV                             08/30/2000           360                 Primary Residence   Purchase
 18 LEWIS DRIVE                               Standard             N                   12/01/2000          90
 BRIDGEWATER                NJ   08807-0000   $2,599.44            09/01/2030          DEC2000             ($0.01)

 60003719                        7.875        $328,950.00          $328,266.37         $328,266.37         10/01/2000
 MCGUCKIN, TIMOTHY V                          08/31/2000           360                 Primary Residence   Purchase
 49 DICKSON LANE                              Standard             N                   12/01/2000          85
 MALVERN                    PA   19355-0000   $2,385.12            09/01/2030          DEC2000             $0.01

 60003761                        8.500        $308,000.00          $307,245.70         $307,245.70         09/01/2000
 CHUN, ANDREW B                               07/27/2000           360                 Primary Residence   Purchase
 3007 ALPINE TERRACE                          Standard             N                   12/01/2000          80
 CINCINNATI                 OH   45208-0000   $2,368.25            08/01/2030          DEC2000             $0.00
 60003773                        8.000        $426,704.00          $425,547.26         $425,839.33         09/01/2000
 BUFFMIRE, ANDREW W                           08/21/2000           360                 Primary Residence   Purchase
 2030 ST ANDREWS DRIVE                        Standard             N                   11/01/2000          80
 BERWYN                     PA   19312-0000   $3,131.00            08/01/2030          DEC2000             $0.01

 60003859                        8.875        $420,000.00          $419,527.34         $419,764.54         11/01/2000
 NUNES, HOWARD A                              09/25/2000           360                 Primary Residence   Purchase
 60 LINCOLN CIRCLE                            Standard             N                   11/01/2000          77.0642
 SWAMPSCOTT                 MA   01907-0000   $3,341.71            10/01/2030          DEC2000             $0.00

 60003901                        8.125        $323,000.00          $322,788.71         $322,788.71         12/01/2000
 KOEFERL, MICHAEL T                           10/06/2000           360                 Primary Residence   Purchase
 96 STONEY BANK RD                            Standard             N                   12/01/2000          95
 GLEN MILLS                 PA   19342-0000   $2,398.27            11/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 60003954                        8.625        $527,200.00          $526,575.24         $526,575.24         11/01/2000
 LIEBERMAN, PHILLIP                           09/15/2000           360                 Primary Residence   Purchase
 393 MARLBOROUGH UNIT 8                       Standard             N                   12/01/2000          80
 BOSTON                     MA   02115-0000   $4,100.51            10/01/2030          DEC2000             $0.00
 60003966                        7.750        $335,000.00          $334,525.59         $334,525.59         11/01/2000
 WHANG, IHN YOUNG                             09/15/2000           360                 Primary Residence   Purchase
 25 BROWNSTONE TERRACE                        Standard             N                   12/01/2000          71.7345
 HAWTHORNE                  NJ   07506-0000   $2,399.98            10/01/2030          DEC2000             $0.01

 60004017                        8.375        $384,000.00          $383,520.97         $383,761.32         11/01/2000
 SIGNORELLI, JAMES A                          09/29/2000           360                 Primary Residence   Purchase
 823 RIDGE TERRACE                            Standard             N                   11/01/2000          80
 EVANSTON                   IL   60201-0000   $2,918.68            10/01/2030          DEC2000             $0.00

 60004127                        8.500        $305,000.00          $304,441.75         $304,441.75         10/01/2000
 OCONNOR, DANIEL M                            08/21/2000           360                 Primary Residence   Refinance
 299 SW HATTERAS COURT                        Standard             N                   12/01/2000          73.494
 PALM CITY                  FL   34990-0000   $2,345.19            09/01/2030          DEC2000             ($0.01)
 60004147                        8.250        $500,000.00          $499,681.17         $499,681.17         12/01/2000
 WASHBURN, JANICE C                           10/19/2000           360                 Primary Residence   Purchase
 19 BROOKDALE ROAD                            Standard             N                   12/01/2000          61.0501
 WELLESLEY                  MA   02481-0000   $3,756.33            11/01/2030          DEC2000             $0.00

 60004159                        8.125        $296,150.00          $295,761.23         $295,761.23         11/01/2000
 FERRIS, DAVID G                              09/13/2000           360                 Primary Residence   Purchase
 3 SYCAMORE LANE                              Standard             N                   12/01/2000          74.9937
 LITTLETON                  CO   80127-0000   $2,198.91            10/01/2030          DEC2000             $0.00

 60004200                        8.125        $436,000.00          $435,227.67         $435,227.67         11/01/2000
 CRAUGH, JEFFERY                              10/06/2000           360                 Second Home         Purchase
 110 BARCLIFF                                 Standard             N                   12/01/2000          80
 CHATHAM                    MA   02633-0000   $3,237.28            10/01/2030          DEC2000             $200.01
 60004214                        8.250        $484,000.00          $483,380.62         $483,380.62         11/01/2000
 SCHWARTZ, H MICHAEL                          09/19/2000           360                 Primary Residence   Purchase
 4128 BALLINA DRIVE                           Standard             N                   12/01/2000          80
 ENCINO                     CA   91436-0000   $3,636.13            10/01/2030          DEC2000             $0.00

 60004223                        8.000        $650,000.00          $649,124.82         $649,563.86         11/01/2000
 AUERBACH, MICHAEL W                          09/19/2000           360                 Primary Residence   Refinance
 1960 LEWIS LANE                              Standard             N                   11/01/2000          76.4706
 HIGHLAND PARK              IL   60035-0000   $4,769.47            10/01/2030          DEC2000             $0.00

 60004223                        8.375        $400,000.00          $399,501.02         $399,501.02         11/01/2000
 OKEEFE, BRIAN P                              09/14/2000           360                 Primary Residence   Purchase
 106 OVERBROOK DRIVE                          Standard             N                   12/01/2000          74.2115
 WELLESBY                   MA   02482-0000   $3,040.29            10/01/2030          DEC2000             $0.00
 60004262                        7.750        $356,720.00          $356,399.24         $356,399.24         12/01/2000
 KEENAN, MICHAEL                              10/16/2000           360                 Primary Residence   Purchase
 3911 HEATHER DRIVE                           Standard             N                   12/01/2000          80
 GREENVILLE                 DE   19807-0000   $2,555.59            11/01/2030          DEC2000             $68.99

 60004264                        8.125        $650,000.00          $648,834.43         $648,834.43         11/01/2000
 KAHN, LAURENCE S                             09/21/2000           360                 Primary Residence   Purchase
 78 ROBSART ROAD                              Standard             N                   12/01/2000          49.6183
 KENILWORTH                 IL   60043-0000   $4,826.24            10/01/2030          DEC2000             $312.29

 60004266                        7.875        $352,000.00          $351,268.50         $351,268.50         10/01/2000
 HAUSMANN, S CLAYTON                          08/22/2000           360                 Primary Residence   Purchase
 3809 BRIGHTON AVE                            Standard             N                   12/01/2000          80
 OAKLAND                    CA   94602-0000   $2,552.24            09/01/2030          DEC2000             $0.00
 60004271                        8.125        $280,000.00          $279,225.11         $279,225.11         10/01/2000
 BASER, JOSHUA B                              08/30/2000           360                 Primary Residence   Purchase
 633 NW STONEPINE DRIVE                       Standard             N                   12/01/2000          68.9825
 BEND                       OR   97701-0000   $2,078.99            09/01/2030          DEC2000             $221.69

 60004272                        8.500        $278,910.00          $278,399.50         $278,399.50         10/01/2000
 TERRAS, PETER                                08/30/2000           360                 Primary Residence   Purchase
 342 ZION RD                                  Standard             N                   12/01/2000          90
 HILLSBOROUGH               NJ   08853-0000   $2,144.58            09/01/2030          DEC2000             $0.00

 60004279                        8.125        $575,000.00          $574,245.21         $574,245.21         11/01/2000
 EVANS, MARK L                                09/15/2000           360                 Primary Residence   Purchase
 197 COUNTRY ROAD                             Standard             N                   12/01/2000          44.5736
 IPSWICH                    MA   01938-0000   $4,269.35            10/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 60004292                        7.875        $416,700.00          $416,124.58         $416,124.58         11/01/2000
 LAVALLA, FRANCIS N                           09/06/2000           360                 Primary Residence   Purchase
 702 CHELSEA CIRCLE                           Standard             N                   12/01/2000          79.9937
 WEST CHESTER               PA   19380-0000   $3,021.36            10/01/2030          DEC2000             $0.01
 60004332                        8.375        $369,500.00          $369,039.06         $369,039.06         11/01/2000
 MARSH, CURTIS G                              09/18/2000           360                 Primary Residence   Purchase
 999 S DAVIS CREEK LN                         Standard             N                   12/01/2000          79.9979
 FARMINGTON                 UT   84025-0000   $2,808.47            10/01/2030          DEC2000             $0.00

 60004342                        7.625        $344,000.00          $342,998.87         $342,998.87         11/01/2000
 SKROSS, JOHN R                               09/25/2000           360                 Primary Residence   Purchase
 1609 BROAD RUN ROAD                          Standard             N                   12/01/2000          78.6286
 LANDENBERG                 PA   19350-0000   $2,434.81            10/01/2030          DEC2000             $501.59

 60004346                        8.125        $335,000.00          $334,560.26         $334,780.87         11/01/2000
 COLE, JOHN                                   09/14/2000           360                 Primary Residence   Purchase
 25 LAKE WITTEMORE                            Standard             N                   11/01/2000          78.8235
 SPENCER                    MA   01562-0000   $2,487.36            10/01/2030          DEC2000             $0.00
 60004355                        8.375        $315,000.00          $314,607.05         $314,607.05         11/01/2000
 PASTERNACK, HENRY ADAM                       09/19/2000           360                 Primary Residence   Purchase
 34 BROOKLINE STREET                          Standard             N                   12/01/2000          75.9036
 NEEDHAM                    MA   02494-0000   $2,394.23            10/01/2030          DEC2000             $0.00

 60004355                        8.375        $293,250.00          $292,884.19         $292,884.19         11/01/2000
 SCHMIDT, JOLYNN                              09/21/2000           360                 Primary Residence   Purchase
 215 GRAND STREET #2F                         Standard             N                   12/01/2000          85
 HOBOKEN                    NJ   07030-0000   $2,228.91            10/01/2030          DEC2000             $0.00

 60004376                        8.125        $325,000.00          $324,332.75         $324,332.75         11/01/2000
 SPEZIANI, HUMBERTO N                         09/08/2000           360                 Primary Residence   Refinance
 15500 SW 73RD COURT                          Standard             N                   12/01/2000          67.7083
 MIAMI                      FL   33157-0000   $2,413.12            10/01/2030          DEC2000             $240.61
 60004380                        8.250        $459,000.00          $458,412.62         $458,412.62         11/01/2000
 CHAMP, ERIC                                  09/29/2000           360                 Primary Residence   Refinance
 103 LAZY CREEK POINT                         Standard             N                   12/01/2000          85
 CHAPIN                     SC   29036-0000   $3,448.31            10/01/2030          DEC2000             $0.00

 60004386                        7.875        $308,400.00          $308,187.76         $308,187.76         12/01/2000
 SPADACCINO, DAVID S                          10/06/2000           360                 Primary Residence   Refinance
 135 STONEY FORD ROAD                         Standard             N                   12/01/2000          80
 HOLLAND                    PA   18966-0000   $2,236.12            11/01/2030          DEC2000             ($0.01)

 60004390                        8.125        $319,200.00          $318,780.99         $318,780.99         11/01/2000
 LONGWELL, RYAN W                             09/15/2000           360                 Second Home         Purchase
 19539 PAINTED RIDGE LOOP                     Standard             N                   12/01/2000          80
 BEND                       OR   97702-0000   $2,370.05            10/01/2030          DEC2000             $0.00
 60004410                        8.375        $468,000.00          $467,416.19         $467,416.19         11/01/2000
 JANETTE, KENNETH P                           09/29/2000           360                 Second Home         Purchase
 6849 GENADIER BLVD #1203                     Standard             N                   12/01/2000          80
 NAPLES                     FL   34108-0000   $3,557.13            10/01/2030          DEC2000             $0.02

 60004410                        8.500        $317,200.00          $316,814.32         $316,814.32         11/01/2000
 LEEDY, JASON                                 09/05/2000           360                 Primary Residence   Purchase
 120 EDGEWOOD ROAD                            Standard             N                   12/01/2000          80
 ARDMORE                    PA   19003-0000   $2,438.99            10/01/2030          DEC2000             $0.01

 60004416                        8.500        $316,000.00          $315,542.15         $315,542.15         11/01/2000
 BOND, DEBRA E                                09/21/2000           360                 Primary Residence   Purchase
 11135 EAST HILLTOP ROAD                      Standard             N                   12/01/2000          80
 PARKER                     CO   80134-0000   $2,429.76            10/01/2030          DEC2000             $73.64
 60004418                        8.750        $342,000.00          $341,605.03         $341,605.03         11/01/2000
 MCCARTHY, GEORGE D                           09/21/2000           360                 Primary Residence   Purchase
 342 HIGHROCK STREET                          Standard             N                   12/01/2000          95
 NEEDHAM                    MA   02492-0000   $2,690.52            10/01/2030          DEC2000             $0.00

 60004422                        8.375        $460,000.00          $459,710.42         $459,710.42         12/01/2000
 HIRSCH, BRIAN R                              10/31/2000           360                 Primary Residence   Purchase
 1725 WASHINGTON AVENUE                       Standard             N                   12/01/2000          80
 WILMETTE                   IL   60091-0000   $3,496.34            11/01/2030          DEC2000             $3.66

 60004426                        8.375        $450,000.00          $449,720.31         $449,720.31         12/01/2000
 MITCHELL, JEFFREY H                          10/02/2000           360                 Primary Residence   Purchase
 81 RICHMOND STREET                           Standard             N                   12/01/2000          70.3125
 BOSTON                     MA   02109-0000   $3,420.32            11/01/2030          DEC2000             ($0.01)

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 60004431                        8.500        $268,000.00          $267,674.13         $267,674.13         11/01/2000
 LANE, JOAN H                                 09/19/2000           360                 Primary Residence   Refinance
 202 CHESTNUT AVEUNIT 2R                      Standard             N                   12/01/2000          80
 JAMAICA PLAIN              MA   02130-0000   $2,060.69            10/01/2030          DEC2000             $0.01
 60004432                        8.500        $200,000.00          $199,878.84         $199,878.84         12/01/2000
 BEYLAND, LAURENS S                           10/02/2000           360                 Primary Residence   Purchase
 3500 FOSTER RIDGE LANE                       Stated Income        N                   12/01/2000          70.7965
 CARMEL                     IN   46033-0000   $1,537.83            11/01/2030          DEC2000             $0.00

 60004437                        8.375        $315,000.00          $314,607.05         $314,607.05         11/01/2000
 COCHRAN, JAMES MICHAEL                       09/29/2000           360                 Primary Residence   Purchase
 1211 FOOTHILL DRIVE                          Standard             N                   12/01/2000          60
 WHEATON                    IL   60187-0000   $2,394.23            10/01/2030          DEC2000             $0.00

 60004454                        8.500        $373,300.00          $373,300.00         $373,300.00         01/01/2001
 MARESCA, GERARD                              11/07/2000           360                 Primary Residence   Purchase
 12722 NW 68 DRIVE                            Standard             N                   12/01/2000          79.9358
 PARKLAND                   FL   33076-0000   $2,870.35            12/01/2030          DEC2000             $0.00
 60004469                        8.375        $468,000.00          $467,709.12         $468,000.00         12/01/2000
 HOLLE-ENSALADA, LEON                         11/01/2000           360                 Primary Residence   Purchase
 460 EURICH FARM RD                           Standard             N                   11/01/2000          80
 WAITSFIELD                 VT   05673-0000   $3,557.13            11/01/2030          DEC2000             $0.00

 60004470                        8.875        $377,100.00          $77,644.06          $80,052.38          11/01/2000
 HOUTHAKKER, HENDRIK                          09/15/2000           360                 Primary Residence   Purchase
 1 IVY POINT                                  Standard             N                   11/01/2000          90
 HANOVER                    NH   03755-0000   $3,000.37            10/01/2030          DEC2000             $299,031.57

 60004475                        8.250        $247,420.00          $247,103.38         $247,103.38         11/01/2000
 LAWRY, TOBIAS                                09/15/2000           360                 Primary Residence   Purchase
 811 GREENWOOD RD                             Standard             N                   12/01/2000          74.9985
 WILMINGTON                 DE   19807-0000   $1,858.78            10/01/2030          DEC2000             $0.00
 60004476                        8.500        $476,000.00          $475,711.64         $475,711.64         12/01/2000
 FULLMER, HAROLD H                            10/06/2000           360                 Primary Residence   Purchase
 2 FOREST RD                                  Standard             N                   12/01/2000          80
 WAYNE                      PA   19087-0000   $3,660.03            11/01/2030          DEC2000             $0.00

 60004477                        8.375        $455,000.00          $454,432.43         $454,432.43         11/01/2000
 RADHAKRISHNAN, PUTHENMADAM                   09/25/2000           360                 Primary Residence   Refinance
 9 BENJAMIN COURT                             Standard             N                   12/01/2000          70
 PRINCETON                  NJ   08550-0000   $3,458.32            10/01/2030          DEC2000             $0.00

 60004481                        8.375        $296,000.00          $295,630.76         $295,630.76         11/01/2000
 STOWELL, JAMES A                             09/27/2000           360                 Primary Residence   Purchase
 5921 NAVARRE AVE                             Standard             N                   12/01/2000          80
 CHICAGO                    IL   60631-0000   $2,249.81            10/01/2030          DEC2000             $0.00
 60004493                        8.375        $400,000.00          $399,501.02         $399,501.02         11/01/2000
 CACOSSA, ARTHUR                              09/18/2000           360                 Primary Residence   Refinance
 18 YARDLEY RD                                Standard             N                   12/01/2000          74.7664
 TOWNSHIP OF MENDHAM        NJ   07945-0000   $3,040.29            10/01/2030          DEC2000             $0.00

 60004494                        8.375        $302,800.00          $302,611.80         $302,611.80         12/01/2000
 SLIMBAUGH, WILLIAM P                         10/12/2000           360                 Primary Residence   Purchase
 326 WINTER STREET                            Standard             N                   12/01/2000          80
 DUXBURY                    MA   02332-0000   $2,301.49            11/01/2030          DEC2000             $0.00

 60004501                        8.500        $400,000.00          $399,513.65         $399,513.65         11/01/2000
 MILLER, JILL M                               09/29/2000           360                 Primary Residence   Purchase
 3025 EAST CEDAR LANE                         Standard             N                   12/01/2000          70.1754
 DENVER                     CO   80209-0000   $3,075.65            10/01/2030          DEC2000             $0.00
 60004513                        8.250        $446,400.00          $446,115.34         $446,115.34         12/01/2000
 BACKMAN, ARI I                               10/20/2000           360                 Primary Residence   Purchase
 425 WOOD LAWN                                Standard             N                   12/01/2000          80
 GLENCOE                    IL   60022-0000   $3,353.66            11/01/2030          DEC2000             $0.00

 60004519                        8.000        $561,550.00          $560,793.90         $560,793.90         11/01/2000
 BELUR, PRADEEP S                             09/14/2000           360                 Primary Residence   Purchase
 2143 AVY AVENUE                              Standard             N                   12/01/2000          74.9733
 MENLO PARK                 CA   94025-0000   $4,120.46            10/01/2030          DEC2000             $0.00

 60004523                        8.875        $335,400.00          $335,022.55         $335,022.55         11/01/2000
 STORY, SHAUN                                 09/18/2000           360                 Primary Residence   Purchase
 2971 E DANISH BROOK CIRCLE                   Standard             N                   12/01/2000          94.9738
 SALT LAKE CITY             UT   84121-0000   $2,668.59            10/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 60004527                        8.125        $500,000.00          $499,343.63         $499,343.63         11/01/2000
 OHRINGER, JACK D                             10/05/2000           360                 Primary Residence   Purchase
 836 WEST BELDEN                              Standard             N                   12/01/2000          52.0833
 CHICAGO                    IL   60614-0000   $3,712.48            10/01/2030          DEC2000             $0.03
 60004529                        8.125        $330,000.00          $329,784.12         $329,784.12         12/01/2000
 GARDNER, NANCY                               10/04/2000           360                 Primary Residence   Purchase
 21 DEERFIELD RD                              Stated Income        N                   12/01/2000          75
 KATONAH                    NY   10536-0000   $2,450.25            11/01/2030          DEC2000             $0.01

 60004538                        8.250        $420,000.00          $419,462.52         $419,462.52         11/01/2000
 GOODWILLIE, PATRICK J                        09/29/2000           360                 Primary Residence   Purchase
 2112 LOMBARD ST                              Standard             N                   12/01/2000          80
 PHILADELPHIA               PA   19146-0000   $3,155.32            10/01/2030          DEC2000             $0.00

 60004543                        7.750        $650,000.00          $649,541.24         $649,079.51         12/01/2000
 COLLIER, RICHARD T                           10/20/2000           360                 Second Home         Purchase
 204 EAST ATLANTIC BLVD                       Standard             N                   01/01/2001          72.2222
 OCEAN CITY                 NJ   08226-0000   $4,656.68            11/01/2030          DEC2000             $0.00
 60004545                        8.500        $312,000.00          $312,000.00         $312,000.00         01/01/2001
 KRANJC, JAMES                                11/01/2000           240                 Primary Residence   Purchase
 128 HAWKINS CIRCLE                           Standard             N                   12/01/2000          70.5882
 WHEATON                    IL   60187-0000   $2,707.61            12/01/2020          DEC2000             $0.00

 60004545                        8.125        $400,000.00          $399,411.88         $399,411.88         11/01/2000
 JONES, GARY S                                09/29/2000           360                 Primary Residence   Refinance
 5501 WEST 82ND PLACE                         Standard             N                   12/01/2000          76.1905
 PRAIRIE VILLAGE            KS   66208-0000   $2,969.98            10/01/2030          DEC2000             $63.06

 60004569                        8.000        $399,000.00          $398,462.78         $398,462.78         11/01/2000
 EDISON, MARGARET A                           09/05/2000           360                 Primary Residence   Purchase
 9809 ANDORA AVENUE                           Standard             N                   12/01/2000          79.9599
 CHATSWORTH                 CA   91311-0000   $2,927.72            10/01/2030          DEC2000             $0.00
 60004569                        8.375        $450,000.00          $449,155.05         $449,155.05         10/01/2000
 RIGGINS, THOMAS                              08/21/2000           360                 Primary Residence   Purchase
 846 SOUTH WOLFE ROAD                         Standard             N                   12/01/2000          73.7705
 SUNNYVALE                  CA   94086-0000   $3,420.32            09/01/2030          DEC2000             $0.00

 60004573                        8.250        $327,948.00          $327,738.88         $327,738.88         12/01/2000
 ROLOFF, RICHARD R                            10/06/2000           360                 Second Home         Purchase
 120A WILDERNEST COURT                        Standard             N                   12/01/2000          80
 SILVERTHORNE               CO   80498-0000   $2,463.76            11/01/2030          DEC2000             $0.00

 60004588                        8.625        $319,900.00          $319,520.90         $319,711.13         11/01/2000
 SIMMONS, HUGH L                              09/29/2000           360                 Primary Residence   Purchase
 1002 CHANBORD PLACE                          Standard             N                   11/01/2000          79.995
 WEST CHESTER               PA   19380-0000   $2,488.15            10/01/2030          DEC2000             $0.00
 60004608                        8.000        $433,600.00          $433,016.20         $433,016.20         11/01/2000
 SYLVAIN, RICHARD D                           09/27/2000           360                 Primary Residence   Purchase
 11635 ALDERHILL TERRACE                      Standard             N                   12/01/2000          80
 SAN DIEGO                  CA   92131-0000   $3,181.60            10/01/2030          DEC2000             ($0.01)

 60004609                        8.000        $321,000.00          $320,567.80         $320,567.80         11/01/2000
 KEARNS, MICHAEL GERARD                       09/08/2000           360                 Primary Residence   Refinance
 7020 WEST FIREBIRD DRIVE                     Standard             N                   12/01/2000          79.2593
 GLENDALE                   AZ   85308-0000   $2,355.38            10/01/2030          DEC2000             $0.00

 60004624                        8.375        $283,200.00          $283,023.98         $283,023.98         12/01/2000
 DOWDELL, JAMES A                             09/29/2000           360                 Primary Residence   Refinance
 1510 CHESTNUT AVENUE                         Standard             N                   12/01/2000          76.748
 WINTER PARK                FL   32789-0000   $2,152.52            11/01/2030          DEC2000             $0.00
 60004624                        8.500        $476,500.00          $476,211.34         $476,211.34         12/01/2000
 HYROWSKI, THOMAS J                           10/16/2000           360                 Primary Residence   Refinance
 13676 GILBRIDE LANE                          Standard             N                   12/01/2000          62.6974
 CLARKSVILLE                MD   21029-0000   $3,663.87            11/01/2030          DEC2000             $0.00

 60004628                        8.500        $384,750.00          $384,516.92         $384,516.92         12/01/2000
 LY, THONG                                    10/13/2000           360                 Primary Residence   Purchase
 187 MOUNTAIN AVE                             Standard             N                   12/01/2000          90
 SUMMIT                     NJ   07901-0000   $2,958.39            11/01/2030          DEC2000             $0.00

 60004629                        8.250        $307,200.00          $303,587.31         $304,114.07         06/01/2000
 RANIERI, ROBERT P                            04/07/2000           240                 Primary Residence   Purchase
 2062 SW RACQUET CLUB DRIVE                   Standard             N                   11/01/2000          80
 PALM CITY                  FL   34990-0000   $2,617.54            05/01/2020          DEC2000             $0.08

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 60004645                        8.500        $424,000.00          $423,743.14         $423,743.14         12/01/2000
 SYZDEK, STEVEN JAMES                         10/31/2000           360                 Primary Residence   Purchase
 3 COLONIAL DRIVE                             Standard             N                   12/01/2000          80
 DUXBURY                    MA   02332-0000   $3,260.19            11/01/2030          DEC2000             $0.00
 60004647                        8.500        $750,000.00          $748,123.73         $748,123.73         10/01/2000
 HARDY, ROBERT                                08/09/2000           360                 Primary Residence   Purchase
 8 COUNTRY CLUB DRIVE                         Standard             N                   12/01/2000          53.1204
 MAMARONECK TOWN            NY   10538-0000   $5,766.85            09/01/2030          DEC2000             $503.54

 60004649                        8.250        $281,166.00          $280,624.41         $280,624.41         10/01/2000
 CHAN, ONNI                                   08/31/2000           360                 Primary Residence   Purchase
 9 EAGLES NEST ROAD                           Standard             N                   12/01/2000          79.9999
 TOWNSHIP OF GREEN          NJ   07821-0000   $2,112.31            09/01/2030          DEC2000             $0.00

 60004649                        8.500        $356,000.00          $355,567.15         $355,567.15         11/01/2000
 FRASER, KENNETH P                            09/22/2000           360                 Primary Residence   Refinance
 2 SOUTH BROOKWOOD DR                         Standard             N                   12/01/2000          71.2
 MONTCLAIR                  NJ   07042-0000   $2,737.33            10/01/2030          DEC2000             $0.00
 60004651                        8.375        $322,000.00          $321,799.86         $321,799.86         12/01/2000
 MOORE, JOHN WILLIAM                          10/19/2000           360                 Primary Residence   Refinance
 1129 SUNSET POINT ROAD                       Standard             N                   12/01/2000          69.924
 IRMO                       SC   29063-0000   $2,447.43            11/01/2030          DEC2000             $0.00

 60004652                        9.000        $332,500.00          $332,135.40         $332,135.40         11/01/2000
 PETERSON, MARK C                             09/20/2000           360                 Primary Residence   Purchase
 22 QUIET MEADOW LANE                         Standard             N                   12/01/2000          95
 MAPLETON                   UT   84664-0000   $2,675.37            10/01/2030          DEC2000             $0.00

 60004660                        8.375        $312,000.00          $311,806.08         $311,806.08         12/01/2000
 BOWEN, CHRISTOPHER R                         10/23/2000           360                 Primary Residence   Purchase
 370 EDMANDS ROAD                             Standard             N                   12/01/2000          80
 FRAMINGHAM                 MA   01701-0000   $2,371.42            11/01/2030          DEC2000             $0.00
 60004661                        8.250        $300,000.00          $299,808.70         $299,808.70         12/01/2000
 KATZ, BARRY R                                10/27/2000           360                 Primary Residence   Purchase
 493 WEST VALHALLA TERRACE                    Standard             N                   12/01/2000          68.8546
 VERNON HILLS               IL   60061-0000   $2,253.80            11/01/2030          DEC2000             $0.00

 60004661                        9.625        $364,000.00          $363,825.62         $364,000.00         12/01/2000
 MAHER, JOSEPH G                              10/11/2000           360                 Primary Residence   Refinance
 105 WOODCREEK COURT                          Standard             N                   11/01/2000          88.7805
 ST CHARLES                 IL   60174-0000   $3,093.96            11/01/2030          DEC2000             $0.00

 60004665                        8.000        $269,000.00          $268,454.89         $268,454.89         10/01/2000
 MAHER, KENNETH M                             08/15/2000           360                 Primary Residence   Purchase
 8 COUNTRY LANE                               Standard             N                   12/01/2000          79.1177
 HOWELL                     NJ   07731-0000   $1,973.83            09/01/2030          DEC2000             $0.00
 60004684                        8.500        $340,000.00          $339,586.58         $339,377.67         11/01/2000
 SOLON, VICTOR                                09/29/2000           360                 Primary Residence   Purchase
 419 CONSHOHOCKEN STATE ROAD                  Standard             N                   01/01/2001          80
 GLADWYNE                   PA   19035-0000   $2,614.31            10/01/2030          DEC2000             $0.01

 60004687                        8.500        $647,500.00          $647,107.75         $647,500.00         12/01/2000
 CLEMENTS, FREDERICK P                        10/24/2000           360                 Primary Residence   Purchase
 6115 PASADENA POINT BOULEVARD                Standard             N                   11/01/2000          74
 ST PETERSBURG              FL   33701-0000   $4,978.71            11/01/2030          DEC2000             $0.00

 60004689                        8.250        $303,750.00          $303,556.30         $303,556.30         12/01/2000
 WARD, ALLEN BASIL                            10/20/2000           360                 Primary Residence   Purchase
 48 BRIDGE STREET                             Standard             N                   12/01/2000          90
 BLUFFTON                   SC   29910-0000   $2,281.98            11/01/2030          DEC2000             $0.00
 60004698                        8.250        $636,000.00          $635,594.45         $635,594.45         12/01/2000
 BERGMAN, IRA                                 10/19/2000           360                 Second Home         Purchase
 15935 LAUREL CREEK DRIVE                     Standard             N                   12/01/2000          74.8587
 DELRAY BEACH               FL   33446-0000   $4,778.05            11/01/2030          DEC2000             $0.00

 60004703                        8.125        $308,000.00          $307,378.37         $307,378.37         10/01/2000
 GHODOUMIPOUR, ALI                            08/31/2000           360                 Primary Residence   Purchase
 2716 COPPER CREEK ROAD                       Standard             N                   12/01/2000          80
 HERNDON                    VA   20171-0000   $2,286.89            09/01/2030          DEC2000             $13.11

 60004708                        7.875        $291,000.00          $290,395.26         $290,395.26         10/01/2000
 MANTO, RICHARD                               08/24/2000           360                 Primary Residence   Purchase
 7 REMARKABLE COURT                           Standard             N                   12/01/2000          79.726
 CONCORD TOWNSHIP           PA   19061-0000   $2,109.95            09/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 60004716                        8.125        $500,000.00          $499,672.94         $499,672.94         12/01/2000
 DUFFY, MICHAEL                               10/05/2000           360                 Second Home         Purchase
 111 SAN JOAQUIN ROAD UNIT 11                 Standard             N                   12/01/2000          55.5556
 TELLURIDE MT VILLAGE       CO   81435-0000   $3,712.48            11/01/2030          DEC2000             $0.00
 60004728                        8.250        $460,000.00          $459,411.32         $459,411.32         11/01/2000
 BAKER, JEFF C                                09/29/2000           360                 Primary Residence   Purchase
 1229 CASCADE  COURT                          Standard             N                   12/01/2000          80
 LAKE FOREST                IL   60045-0000   $3,455.83            10/01/2030          DEC2000             $0.00

 60004733                        8.000        $349,000.00          $348,530.12         $348,530.12         11/01/2000
 LODGE, JOHN P                                09/29/2000           360                 Primary Residence   Purchase
 25 EMERSON ROAD                              Standard             N                   12/01/2000          47.8738
 CANTON                     MA   02021-0000   $2,560.83            10/01/2030          DEC2000             ($0.01)

 60004735                        8.250        $342,000.00          $341,437.19         $341,437.19         12/01/2000
 CONNOR, JOSEPH P                             10/13/2000           240                 Primary Residence   Purchase
 7 POST RUN                                   Standard             N                   12/01/2000          90
 EDGEMONT TOWNSHIP          PA   19073-0000   $2,914.06            11/01/2020          DEC2000             $0.00
 60004735                        8.375        $308,000.00          $307,615.79         $307,615.79         11/01/2000
 BEHERA, NARAYANA                             09/29/2000           360                 Primary Residence   Purchase
 30 CHESTERFIELD PLACE                        Standard             N                   12/01/2000          80
 BEDFORD                    NH   03660-0000   $2,341.02            10/01/2030          DEC2000             $0.00

 60004747                        8.875        $300,000.00          $299,662.38         $299,491.69         11/01/2000
 JADCZAK, JOSEPH W                            09/27/2000           360                 Primary Residence   Refinance
 LOT 9 EAGLE CREST RD                         Stated Income        N                   01/01/2001          58.2524
 MILTON                     DE   19968-0000   $2,386.94            10/01/2030          DEC2000             $0.00

 60004756                        8.375        $392,000.00          $391,511.00         $391,756.35         11/01/2000
 BROWN, TIMOTHY J                             09/29/2000           360                 Primary Residence   Purchase
 1016 HAGYSFORD RD                            Standard             N                   11/01/2000          80
 NARBERTH                   PA   19072-0000   $2,979.48            10/01/2030          DEC2000             $0.00
 60004760                        8.375        $297,500.00          $297,315.09         $297,315.09         12/01/2000
 ALVARADO, CLARK                              10/12/2000           360                 Second Home         Purchase
 166 CORRINE PLACE                            Standard             N                   12/01/2000          85
 KEY LARGO                  FL   33037-0000   $2,261.21            11/01/2030          DEC2000             $0.00

 60004760                        7.750        $344,000.00          $344,000.00         $344,000.00         01/01/2001
 BENEY, DANIEL J                              11/13/2000           360                 Second Home         Purchase
 65 OCEAN RD NORTH                            Standard             N                   12/01/2000          80
 DUXBURY                    MA   02331-0000   $2,464.45            12/01/2030          DEC2000             $0.00

 60004763                        8.125        $305,400.00          $305,200.23         $305,200.23         12/01/2000
 KUFUOR, NANA                                 10/03/2000           360                 Primary Residence   Purchase
 7140 SUDLEY COURT                            Standard             N                   12/01/2000          80.1056
 LAS VEGAS                  NV   89131-0000   $2,267.58            11/01/2030          DEC2000             $0.00
 60004769                        8.125        $650,000.00          $649,574.81         $649,574.81         12/01/2000
 KAST, MICHAEL A                              10/20/2000           360                 Second Home         Purchase
 1552 KEYSTONE RD UNIT 3071                   Standard             N                   12/01/2000          68.6016
 KEYSTONE                   CO   80435-0000   $4,826.23            11/01/2030          DEC2000             $0.00

 60004770                        8.375        $272,000.00          $271,830.93         $271,830.93         12/01/2000
 EBNER, KENNETH R                             10/17/2000           360                 Primary Residence   Purchase
 20 SCHWENKER PLACE                           Standard             N                   12/01/2000          80
 FAIR HAVEN                 NJ   07704-0000   $2,067.40            11/01/2030          DEC2000             $0.00

 60004770                        8.375        $439,900.00          $439,351.25         $439,351.25         11/01/2000
 MEOLA, DAMIAN D                              09/29/2000           360                 Second Home         Purchase
 8 BLACK COVE ROAD                            Standard             N                   12/01/2000          79.9964
 MEREDITH                   NH   03253-0000   $3,343.56            10/01/2030          DEC2000             ($0.01)
 60004786                        8.250        $588,000.00          $587,247.54         $587,247.54         11/01/2000
 EARLY, BRIAN H                               09/28/2000           360                 Primary Residence   Purchase
 230 GULPH CREEK ROAD                         Standard             N                   12/01/2000          82.8169
 RADNOR                     PA   19087-0000   $4,417.44            10/01/2030          DEC2000             $0.00

 60004810                        8.375        $270,400.00          $270,062.68         $270,231.93         11/01/2000
 WEBB, HOLLY M                                09/01/2000           360                 Primary Residence   Purchase
 1417 INDIANHEAD  WAY                         Standard             N                   11/01/2000          80
 CLAYTON                    CA   94517-0000   $2,055.24            10/01/2030          DEC2000             $0.00

 60004811                        8.125        $410,000.00          $409,461.79         $409,461.79         11/01/2000
 MACGIBBON, BRUCE S                           09/06/2000           360                 Primary Residence   Purchase
 9210 SE ORIENT DRIVE                         Standard             N                   12/01/2000          80
 BORING                     OR   97009-0000   $3,044.23            10/01/2030          DEC2000             $0.02

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 60004812                        8.000        $363,850.00          $363,360.11         $363,360.11         11/01/2000
 SILLAS, PHILLIP H                            09/05/2000           360                 Primary Residence   Purchase
 306 PLAZA CABANA                             Standard             N                   12/01/2000          79.9918
 SAN CLEMENTE               CA   92673-0000   $2,669.80            10/01/2030          DEC2000             $0.00
 60004812                        8.375        $334,300.00          $333,382.99         $333,382.99         11/01/2000
 CABANELA, VICTORIA M                         09/08/2000           360                 Primary Residence   Purchase
 2058 BENNINGTON DRIVE                        Standard             N                   12/01/2000          79.9856
 VALLEJO                    CA   94591-0000   $2,540.92            10/01/2030          DEC2000             $499.99

 60004813                        8.125        $572,000.00          $571,249.14         $571,249.14         11/01/2000
 STEWART, JAMES A                             09/06/2000           360                 Primary Residence   Purchase
 744 KELLER AVENUE                            Standard             N                   12/01/2000          75.0656
 BERKELEY                   CA   94708-0000   $4,247.08            10/01/2030          DEC2000             $0.00

 60004813                        7.625        $400,000.00          $399,710.49         $399,710.49         12/01/2000
 MASZCZAK, VINCENT D                          10/31/2000           360                 Primary Residence   Purchase
 4489 MCNEIL ROAD                             Standard             N                   12/01/2000          54.0541
 DOYLESTOWN                 PA   18901-0000   $2,831.18            11/01/2030          DEC2000             $0.00
 60004814                        7.875        $314,200.00          $313,766.13         $313,766.13         11/01/2000
 LIEBERS, GEORGE J                            09/11/2000           360                 Primary Residence   Refinance
 13396 HESTON PLACE                           Standard             N                   12/01/2000          49.0938
 SAN DIEGO                  CA   92130-0000   $2,278.16            10/01/2030          DEC2000             $0.01

 60004814                        8.375        $363,750.00          $363,296.24         $363,296.24         11/01/2000
 TRAN, HAI MANH                               09/05/2000           360                 Primary Residence   Purchase
 4008 LUNETA DRIVE                            Standard             N                   12/01/2000          75
 SAN JOSE                   CA   95136-0000   $2,764.76            10/01/2030          DEC2000             $0.01

 60004826                        8.125        $335,000.00          $334,780.87         $334,780.87         12/01/2000
 DEAN, DENNIS                                 10/12/2000           360                 Primary Residence   Purchase
 103 HOLLY STREET                             Standard             N                   12/01/2000          65.0485
 CRANFORD                   NJ   07016-0000   $2,487.36            11/01/2030          DEC2000             $0.00
 60004832                        8.250        $317,250.00          $317,047.69         $317,047.69         12/01/2000
 LOVULLO, LORI R                              10/30/2000           360                 Primary Residence   Purchase
 0S 677 WYNWOOD ROAD                          Standard             N                   12/01/2000          90
 WINFIELD                   IL   60190-0000   $2,383.40            11/01/2030          DEC2000             $0.00

 60004835                        8.625        $337,600.00          $337,600.00         $337,600.00         01/01/2001
 SERRATORE, VINCENT                           11/29/2000           360                 Primary Residence   Purchase
 301 SHAWMUT AVENUE 22                        Standard             N                   12/01/2000          80
 BOSTON                     MA   02118-0000   $2,625.81            12/01/2030          DEC2000             $0.00

 60004842                        8.500        $450,000.00          $449,452.85         $449,452.85         11/01/2000
 LIU, ERIC JEN-CHENG                          09/15/2000           360                 Primary Residence   Refinance
 1002 BROADWAY AVENUE                         Standard             N                   12/01/2000          69.2308
 SAN JOSE                   CA   95125-0000   $3,460.11            10/01/2030          DEC2000             $0.00
 60004843                        8.125        $272,000.00          $271,642.95         $271,462.61         11/01/2000
 HOREN, DEBORAH MAE                           09/12/2000           360                 Primary Residence   Purchase
 1211 TERRA NOVA BLVD                         Standard             N                   01/01/2001          80
 PACIFICA                   CA   94044-0000   $2,019.59            10/01/2030          DEC2000             $0.00

 60004845                        8.250        $324,000.00          $323,585.38         $323,793.40         11/01/2000
 MELVILLE, NOAH                               09/11/2000           360                 Primary Residence   Purchase
 5247 RUNNING BEAR DRIVE                      Standard             N                   11/01/2000          80
 SAN JOSE                   CA   95136-0000   $2,434.10            10/01/2030          DEC2000             $0.00

 60004847                        8.375        $479,900.00          $479,301.36         $479,301.36         11/01/2000
 ANDAYA, TODD MICHAEL                         09/18/2000           360                 Primary Residence   Purchase
 224 MIRA MAR AVENUE                          Standard             N                   12/01/2000          79.9967
 LONG BEACH                 CA   90803-0000   $3,647.58            10/01/2030          DEC2000             $0.00
 60004851                        8.000        $460,000.00          $459,691.36         $459,691.36         12/01/2000
 FISHMAN, DAVID K                             10/26/2000           360                 Primary Residence   Purchase
 9112 STERLING MONTAGUE DRIVE                 Standard             N                   12/01/2000          80
 GREAT FALLS                VA   22066-0000   $3,375.31            11/01/2030          DEC2000             $0.00

 60004855                        8.500        $278,000.00          $277,661.99         $277,661.99         11/01/2000
 FERNANDEZ, ARLYN DAISY                       09/07/2000           360                 Primary Residence   Refinance
 11 THOMAS COURT                              Standard             N                   12/01/2000          77.2222
 SAN MATEO                  CA   94401-0000   $2,137.57            10/01/2030          DEC2000             $0.01

 60004855                        8.375        $349,000.00          $348,783.08         $348,783.08         12/01/2000
 DIETZ, RICHARD F                             10/23/2000           360                 Primary Residence   Refinance
 10 SADIE HUTT LN                             Standard             N                   12/01/2000          41.0588
 SOUTHBOROUGH               MA   01772-0000   $2,652.65            11/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 60004857                        8.250        $433,800.00          $433,244.87         $433,244.87         11/01/2000
 GANESH, DHANPERSHAD                          09/12/2000           360                 Primary Residence   Purchase
 40 CASABLANCA STREET                         Standard             N                   12/01/2000          77.3262
 DANVILLE                   CA   94506-0000   $3,258.99            10/01/2030          DEC2000             $0.00
 60004861                        8.500        $300,000.00          $299,450.91         $299,450.91         10/01/2000
 WERTH, SCOTT A                               08/28/2000           360                 Primary Residence   Purchase
 1714 PIUTE STREET                            Standard             N                   12/01/2000          91.4183
 ROCKLIN                    CA   95765-0000   $2,306.74            09/01/2030          DEC2000             $0.00

 60004861                        8.375        $377,320.00          $376,853.38         $376,853.38         12/01/2000
 WISELY, MICHAEL J                            10/16/2000           360                 Primary Residence   Purchase
 3 SPRING LANE                                Standard             N                   12/01/2000          79.999
 CHESTER SPRINGS            PA   19425-0000   $2,867.91            11/01/2030          DEC2000             $232.09

 60004862                        8.000        $312,000.00          $311,579.91         $311,579.91         11/01/2000
 KING, MICHAEL A                              09/18/2000           360                 Primary Residence   Purchase
 632 KIOWA CIRCLE                             Standard             N                   12/01/2000          80
 SAN JOSE                   CA   95123-0000   $2,289.34            10/01/2030          DEC2000             $0.01
 60004862                        8.375        $328,000.00          $327,590.84         $327,590.84         11/01/2000
 MANION, PETER THOMAS                         09/18/2000           360                 Primary Residence   Refinance
 11421 POCHARD WAY                            Standard             N                   12/01/2000          80.5333
 SAN DIEGO                  CA   92131-0000   $2,493.03            10/01/2030          DEC2000             $0.01

 60004867                        8.250        $384,000.00          $383,755.14         $383,755.14         12/01/2000
 WHITE, ROBIN                                 10/10/2000           360                 Primary Residence   Refinance
 210 GREAT FALLS STREET                       Standard             N                   12/01/2000          80
 FALLS CHURCH               VA   22046-0000   $2,884.86            11/01/2030          DEC2000             $0.00

 60004875                        8.375        $262,400.00          $261,879.15         $262,140.48         11/01/2000
 LEMERT, ROBERT C                             09/15/2000           300                 Primary Residence   Refinance
 1416 ANNAPOLIS WAY                           Standard             N                   11/01/2000          80
 GRAYSON                    GA   30017-0000   $2,090.85            10/01/2025          DEC2000             $0.00
 60004892                        8.625        $265,050.00          $264,893.52         $264,893.52         12/01/2000
 LOCKHART, DONALD B                           10/20/2000           360                 Primary Residence   Purchase
 556 EAST 6TH STREET UNIT 2                   Standard             N                   12/01/2000          93
 SOUTH BOSTON               MA   02127-0000   $2,061.53            11/01/2030          DEC2000             $0.00

 60004898                        9.500        $542,700.00          $531,353.14         $530,996.38         01/01/2001
 LANNERT, KEVIN                               11/03/2000           360                 Primary Residence   Refinance
 3760 NORTH WAYNE                             Standard             N                   01/01/2001          76.4366
 CHICAGO                    IL   60613-0000   $4,563.31            12/01/2030          DEC2000             $11,346.86

 60004911                        8.875        $262,650.00          $262,502.76         $262,502.76         12/01/2000
 MAHONEY, DANIEL R                            10/10/2000           360                 Primary Residence   Purchase
 25 MEADOW WOODS ROAD                         Standard             N                   12/01/2000          89.9949
 KINGSTON                   NH   03848-0000   $2,089.76            11/01/2030          DEC2000             $0.00
 60004924                        8.625        $650,000.00          $649,616.25         $649,229.74         12/01/2000
 MCKENZIE, EDWARD DONALD                      10/06/2000           360                 Primary Residence   Purchase
 6 GREENBRIAR CIRCLE                          Standard             N                   01/01/2001          79.2683
 UPPER MAKEFIELD TWP        PA   18940-0000   $5,055.63            11/01/2030          DEC2000             ($0.01)

 60004925                        8.125        $426,100.00          $425,821.27         $425,821.27         12/01/2000
 SPENNATO, ROBERT J                           10/27/2000           360                 Primary Residence   Purchase
 1 SMITHFIELD DRIVE                           Standard             N                   12/01/2000          79.9914
 BOOTHWYN                   PA   19061-0000   $3,163.78            11/01/2030          DEC2000             $0.00

 60004940                        8.875        $667,200.00          $666,825.95         $666,825.95         12/01/2000
 STOLKER, ROBERT H                            10/27/2000           360                 Primary Residence   Purchase
 6 FOREST PARK COURT                          Standard             N                   12/01/2000          80
 HOLMDEL                    NJ   07733-0000   $5,308.55            11/01/2030          DEC2000             $0.00
 60004941                        8.500        $425,000.00          $424,742.53         $424,742.53         12/01/2000
 MORRIS, B RONALD                             10/23/2000           360                 Primary Residence   Purchase
 232 LANTANA CIRCLE                           Standard             N                   12/01/2000          75.2212
 GEORGETOWN                 SC   29440-0000   $3,267.89            11/01/2030          DEC2000             $0.00

 60004950                        8.250        $332,000.00          $331,575.12         $331,575.12         11/01/2000
 MATHERN, MICHAEL J                           10/04/2000           360                 Primary Residence   Purchase
 4 KEENLAND COURT                             Standard             N                   12/01/2000          79.9827
 MORRESTOWN                 NJ   08057-0000   $2,494.21            10/01/2030          DEC2000             $0.00

 60004950                        8.500        $446,250.00          $445,707.40         $445,979.66         11/01/2000
 MACLEAN, ROBERT S                            09/28/2000           360                 Primary Residence   Purchase
 148 EAST SPRING BROOK DRIVE                  Standard             N                   11/01/2000          85
 LONG HILL TOWNSHIP         NJ   07933-0000   $3,431.28            10/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 60004950                        8.625        $425,000.00          $424,496.35         $424,496.35         11/01/2000
 CATTORI, PEDRO                               09/21/2000           360                 Primary Residence   Refinance
 6341 SUMMIT CIRCLE                           Standard             N                   12/01/2000          77.2727
 CHANHASSEN                 MN   55317-0000   $3,305.61            10/01/2030          DEC2000             $0.00
 60004962                        8.000        $316,000.00          $316,000.00         $316,000.00         01/01/2001
 GUZMAN, GERALD                               11/14/2000           360                 Primary Residence   Purchase
 5521 FOX HILLS AVENUE                        Standard             N                   12/01/2000          80
 BUENA PARK                 CA   90621-0000   $2,318.70            12/01/2030          DEC2000             $0.00

 60004963                        9.250        $460,000.00          $449,838.02         $449,521.22         12/01/2000
 KOLBER, SCOTT A                              11/01/2000           360                 Primary Residence   Refinance
 3726 PEBBLE BEACH                            Standard             N                   01/01/2001          76.6667
 NORTHBROOK                 IL   60062-0000   $3,784.30            11/01/2030          DEC2000             $9,923.51

 60004969                        8.375        $419,850.00          $419,571.95         $419,571.95         12/01/2000
 WILLIAMS, LOUIS F                            10/06/2000           360                 Primary Residence   Purchase
 3834 N DESERT OASIS CIRCLE                   Standard             N                   12/01/2000          79.9979
 MESA                       AZ   85207-0000   $3,191.16            11/01/2030          DEC2000             $17.09
 60004974                        8.000        $232,500.00          $232,500.00         $232,500.00         01/01/2001
 KIM, PAUL CHISOO                             11/16/2000           360                 Primary Residence   Refinance
 885 EAST YUCCA HILLS ROAD                    Stated Income        N                   12/01/2000          75
 CASTLE ROCK                CO   80104-0000   $1,706.00            12/01/2030          DEC2000             $0.00

 60004991                        8.500        $285,600.00          $285,600.00         $285,600.00         01/01/2001
 GARVIN, THOMAS P                             11/16/2000           360                 Primary Residence   Purchase
 143 HART AVENUE                              Standard             N                   12/01/2000          80
 DOYLESTOWN                 PA   18901-0000   $2,196.02            12/01/2030          DEC2000             $0.00

 60004994                        8.250        $297,000.00          $296,810.62         $296,810.62         12/01/2000
 HALL, SCOTT E                                10/16/2000           360                 Primary Residence   Refinance
 4514 DEEP CREEK WAY                          Standard             N                   12/01/2000          90
 DOYLESTOWN                 PA   18901-0000   $2,231.26            11/01/2030          DEC2000             ($0.01)
 60004994                        8.000        $649,950.00          $649,074.89         $649,074.89         11/01/2000
 GRADSTEIN, MARC H                            09/07/2000           360                 Primary Residence   Purchase
 2805 NAPLES AVENUE                           Standard             N                   12/01/2000          57.7733
 HALF MOON BAY              CA   94019-0000   $4,769.10            10/01/2030          DEC2000             $0.00

 60004994                        8.000        $319,900.00          $319,900.00         $319,685.36         01/01/2001
 MUSCIANO, ALBERT J                           11/13/2000           360                 Primary Residence   Purchase
 109 PAHLMEYER PLACE                          Standard             N                   01/01/2001          76.1848
 APEX                       NC   27502-0000   $2,347.31            12/01/2030          DEC2000             $0.00

 60004995                        8.125        $558,000.00          $556,410.65         $556,410.65         11/01/2000
 FIGUERAS, DOMINIC A                          09/27/2000           360                 Primary Residence   Purchase
 22615 NE 192ND CIRCLE                        Standard             N                   12/01/2000          75
 BRUSH PRAIRIE              WA   98606-0000   $4,143.13            10/01/2030          DEC2000             $856.87
 60004995                        8.125        $260,100.00          $259,272.68         $259,272.68         11/01/2000
 KNISLEY, TODD A                              09/26/2000           360                 Primary Residence   Purchase
 12912 NORTHEAST 203RD COURT                  Standard             N                   12/01/2000          89.7051
 WOODINVILLE                WA   98072-0000   $1,931.23            10/01/2030          DEC2000             $485.90

 60004996                        8.000        $375,000.00          $374,748.38         $374,748.38         12/01/2000
 MATZENBACHER, KELLY                          10/23/2000           360                 Primary Residence   Purchase
 5084 DAKOTA RUN                              Standard             N                   12/01/2000          55.9785
 LITTLETON                  CO   80231-0000   $2,751.62            11/01/2030          DEC2000             $0.00

 60004996                        8.000        $302,150.00          $301,175.44         $301,175.44         11/01/2000
 BROOKS, DERRICK D                            09/29/2000           360                 Primary Residence   Purchase
 12815 PACIFICA PLACE                         Standard             N                   12/01/2000          79.9946
 TAMPA                      FL   33625-0000   $2,217.06            10/01/2030          DEC2000             $567.76
 60004997                        8.000        $300,000.00          $299,596.08         $299,798.71         11/01/2000
 FUIMAONO, MATEO L                            09/22/2000           360                 Primary Residence   Refinance
 1405 CHESNUT LANE                            Standard             N                   11/01/2000          77.9221
 VISTA                      CA   92084-0000   $2,201.29            10/01/2030          DEC2000             $0.00

 60005037                        8.500        $266,000.00          $265,676.60         $265,676.60         11/01/2000
 PETERS, GLEN A                               09/28/2000           360                 Primary Residence   Purchase
 33782 COUNTY ROAD 33                         Standard             N                   12/01/2000          80
 KIOWA                      CO   80117-0000   $2,045.30            10/01/2030          DEC2000             ($0.01)

 60005038                        8.000        $368,000.00          $367,504.52         $367,504.52         11/01/2000
 VARGAS, EMELYN                               09/19/2000           360                 Primary Residence   Purchase
 4251 CALLE ISABELINO                         Standard             N                   12/01/2000          80
 SAN DIEGO                  CA   92130-0000   $2,700.25            10/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 60005043                        8.250        $474,800.00          $473,759.41         $473,759.41         11/01/2000
 ABUAN, JOE S                                 09/19/2000           360                 Primary Residence   Purchase
 766 PRADERA WAY                              Standard             N                   12/01/2000          79.9977
 SAN RAMON                  CA   94583-0000   $3,567.01            10/01/2030          DEC2000             $432.99
 60005043                        8.250        $600,000.00          $599,232.17         $599,232.17         11/01/2000
 DOBKIN, ARKADIY                              09/22/2000           360                 Primary Residence   Purchase
 14 BUCKMANVILLE ROAD                         Standard             N                   12/01/2000          63.1579
 UPPER MAKEFEILD            PA   18940-0000   $4,507.60            10/01/2030          DEC2000             $0.00

 60005044                        8.000        $362,400.00          $361,812.06         $361,812.06         11/01/2000
 DOBBINS, BRIDGET A                           09/26/2000           360                 Primary Residence   Purchase
 1609 BLAKE STREET                            Standard             N                   12/01/2000          80
 BERKELEY                   CA   94705-0000   $2,659.16            10/01/2030          DEC2000             $100.00

 60005062                        8.250        $434,000.00          $433,444.62         $433,444.62         11/01/2000
 WINCHELL, JEFF J                             09/22/2000           360                 Primary Residence   Purchase
 2819 W MCGRAW STREET                         Standard             N                   12/01/2000          80
 SEATTLE                    WA   98199-0000   $3,260.49            10/01/2030          DEC2000             $0.00
 60005063                        8.250        $333,000.00          $332,573.88         $332,573.88         11/01/2000
 FORBES, ERIC C                               09/21/2000           360                 Primary Residence   Refinance
 1911 BIG BEND DRIVE                          Standard             N                   12/01/2000          73.1868
 MILPITAS                   CA   95035-0000   $2,501.71            10/01/2030          DEC2000             ($0.01)

 60005068                        8.875        $300,000.00          $300,000.00         $300,000.00         01/01/2001
 MOSSE, JONATHAN R                            10/30/2000           360                 Primary Residence   Refinance
 45 MAGNOLIA AVENUE                           Standard             N                   12/01/2000          63.8298
 GLOUCESTER                 MA   01930-0000   $2,386.93            12/01/2030          DEC2000             $0.00

 60005070                        8.000        $276,000.00          $275,739.81         $275,739.81         12/01/2000
 CONOVER, GARY R                              10/27/2000           360                 Primary Residence   Refinance
 5205 MOYER ROAD                              Standard             N                   12/01/2000          79.0831
 PIPERSVILLE                PA   18947-0000   $2,025.19            11/01/2030          DEC2000             $75.00
 60005071                        8.000        $315,000.00          $314,788.65         $314,788.65         12/01/2000
 PIERCE, SEAN                                 10/26/2000           360                 Primary Residence   Refinance
 4027 LOOKOUT LANE                            Standard             N                   12/01/2000          74.1176
 POULSBO                    WA   98370-0000   $2,311.35            11/01/2030          DEC2000             $0.00

 60005073                        8.375        $284,000.00          $283,823.48         $283,823.48         12/01/2000
 SURDAM, STEVEN J                             10/27/2000           360                 Primary Residence   Purchase
 64 PILLINGS POND ROAD                        Standard             N                   12/01/2000          80
 LYNNFIELD                  MA   01940-0000   $2,158.60            11/01/2030          DEC2000             $0.00

 60005074                        8.250        $335,000.00          $334,786.39         $334,786.39         12/01/2000
 CARR, DUANE G                                10/25/2000           360                 Primary Residence   Refinance
 2606 WITTON TURN                             Standard             N                   12/01/2000          70.5263
 MIDLOTHIAN                 VA   23113-0000   $2,516.74            11/01/2030          DEC2000             ($0.01)
 60005084                        8.500        $345,600.00          $345,179.80         $345,179.80         11/01/2000
 SPORL, ROBERT D                              09/25/2000           360                 Primary Residence   Purchase
 2520 LA GRAN VIA                             Standard             N                   12/01/2000          80
 CARLSBAD                   CA   92009-0000   $2,657.36            10/01/2030          DEC2000             $0.00

 60005084                        8.000        $433,600.00          $433,015.80         $433,015.80         11/01/2000
 GOLTER, SUZANNE F                            09/26/2000           360                 Primary Residence   Purchase
 4000 ASPEN PLACE                             Standard             N                   12/01/2000          80
 OAKLAND                    CA   94602-0000   $3,181.60            10/01/2030          DEC2000             $0.39

 60005086                        8.375        $500,000.00          $500,000.00         $500,000.00         01/01/2001
 PINCUS, DAVID                                11/17/2000           360                 Second Home         Purchase
 1014C LONG BEACH BOULEVARD                   Standard             N                   12/01/2000          78.125
 NORTH BEACH                NJ   08008-0000   $3,800.36            12/01/2030          DEC2000             $0.00
 60005087                        8.125        $380,000.00          $380,000.00         $380,000.00         01/01/2001
 BERRY, JAMES P                               11/13/2000           360                 Primary Residence   Purchase
 3830 N  ALTA VISTA TERRACE                   Standard             N                   12/01/2000          71.8336
 CHICAGO                    IL   60613-0000   $2,821.49            12/01/2030          DEC2000             $0.00

 60005095                        8.250        $304,000.00          $303,806.15         $303,806.15         12/01/2000
 SHERRICK, REBECCA L                          10/31/2000           360                 Primary Residence   Purchase
 1875 KINGSWAY DRIVE                          Standard             N                   12/01/2000          80
 AURORA                     IL   60506-0000   $2,283.85            11/01/2030          DEC2000             $0.00

 60005114                        8.250        $382,500.00          $382,243.63         $381,997.96         12/01/2000
 SHEPARD, DIANE L                             10/27/2000           360                 Primary Residence   Purchase
 1663 PERRY PARK AVENUE                       Stated Income        N                   01/01/2001          75
 LARKSPUR                   CO   80118-0000   $2,873.59            11/01/2030          DEC2000             $12.47

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 60005118                        8.375        $286,200.00          $285,842.98         $286,022.11         11/01/2000
 KMOSKO, CHRISTO W                            09/18/2000           360                 Primary Residence   Purchase
 25 LOFT DRIVE UNIT#25                        Standard             N                   11/01/2000          80
 BRIDGEWATER TWP            NJ   08807-0000   $2,175.33            10/01/2030          DEC2000             $0.00
 60005119                        8.750        $275,800.00          $275,481.48         $275,481.48         11/01/2000
 BERNARD, JOHN M                              09/11/2000           360                 Primary Residence   Purchase
 11 SERENITY COURT                            Standard             N                   12/01/2000          79.994
 SOUTHHAMPTON TWP           NJ   08088-0000   $2,169.72            10/01/2030          DEC2000             $0.01

 60005120                        8.375        $272,000.00          $271,660.68         $271,660.68         11/01/2000
 FAUX, CARLOS C                               09/25/2000           360                 Primary Residence   Purchase
 322 FOXDALE ROAD                             Standard             N                   12/01/2000          80
 UPPER PROVIDENCE           PA   19063-0000   $2,067.40            10/01/2030          DEC2000             $0.01

 60005121                        8.500        $300,000.00          $299,635.23         $299,635.23         11/01/2000
 LEYDEN, JAMES J                              09/28/2000           360                 Primary Residence   Purchase
 1346 COLTON ROAD                             Standard             N                   12/01/2000          75
 LOWER MERION TWP           PA   19035-0000   $2,306.74            10/01/2030          DEC2000             $0.00
 60005121                        8.375        $495,200.00          $495,200.00         $495,200.00         01/01/2001
 MARCUM, WILLIAM H                            11/06/2000           360                 Primary Residence   Purchase
 11 CORAL PLACE                               Standard             N                   12/01/2000          80
 ENGLEWOOD                  CO   80111-0000   $3,763.88            12/01/2030          DEC2000             $0.00

 60005121                        8.250        $403,000.00          $402,484.29         $402,484.29         11/01/2000
 COUNTRYMAN, JOHN DUBOIS                      09/22/2000           360                 Primary Residence   Purchase
 450 SUMMIT ROAD                              Standard             N                   12/01/2000          60.1493
 MOUNTAINSIDE BOROUG        NJ   07092-0000   $3,027.60            10/01/2030          DEC2000             ($0.01)

 60005122                        8.500        $300,000.00          $299,635.23         $299,635.23         11/01/2000
 QOSJA, IBISH                                 09/28/2000           360                 Primary Residence   Purchase
 62 APACHE DRIVE                              Standard             N                   12/01/2000          72.2892
 MANALAPAN TWP              NJ   07726-0000   $2,306.74            10/01/2030          DEC2000             $0.00
 60005123                        7.875        $479,500.00          $478,837.85         $478,837.85         11/01/2000
 BAILEN, ANDREW                               09/29/2000           360                 Primary Residence   Purchase
 10 KNOLL TOP COURT                           Standard             N                   12/01/2000          70
 DENVILLE  TWP              NJ   07834-0000   $3,476.71            10/01/2030          DEC2000             $0.00

 60005123                        8.000        $452,000.00          $451,696.72         $451,696.72         12/01/2000
 WONG, STEPHEN                                11/01/2000           360                 Primary Residence   Purchase
 379 MOUNTAIN AVE                             Standard             N                   12/01/2000          80
 NORTH CALDWELL             NJ   07006-0000   $3,316.61            11/01/2030          DEC2000             $0.00

 60005124                        8.500        $424,000.00          $423,743.14         $423,743.14         12/01/2000
 GUNNING, STEVEN                              10/20/2000           360                 Primary Residence   Refinance
 1946 STATE ROAD                              Standard             N                   12/01/2000          79.2523
 PLYMOUTH                   MA   02360-0000   $3,260.19            11/01/2030          DEC2000             $0.00
 60005132                        8.125        $551,200.00          $551,200.00         $551,200.00         01/01/2001
 SHULTS, PETER C                              11/13/2000           360                 Primary Residence   Refinance
 35 GRAY STREET                               Standard             N                   12/01/2000          67.2195
 BOSTON                     MA   02116-0000   $4,092.64            12/01/2030          DEC2000             $0.00

 60005133                        8.375        $365,000.00          $364,314.65         $364,544.69         10/01/2000
 SCHLEGEL, GREGORY L                          08/31/2000           360                 Primary Residence   Purchase
 15 CARDINAL WAY                              Standard             N                   11/01/2000          60.8333
 RARITAN TWP                NJ   08822-0000   $2,774.26            09/01/2030          DEC2000             $0.00

 60005133                        8.375        $400,000.00          $399,500.83         $399,500.83         11/01/2000
 WARD, DAVID H                                09/28/2000           360                 Primary Residence   Purchase
 186 MILLBROOK COURT                          Standard             N                   12/01/2000          75.6144
 BOROUGH OF NORWOOD         NJ   07648-0000   $3,040.29            10/01/2030          DEC2000             $0.19
 60005134                        7.750        $276,000.00          $275,408.50         $275,408.50         11/01/2000
 NAZAR, RICHARD                               09/08/2000           360                 Primary Residence   Purchase
 65 WINDSOR WAY                               Standard             N                   12/01/2000          80
 BERKELEY HEIGHTS TWP       NJ   07922-0000   $1,977.30            10/01/2030          DEC2000             $200.64

 60005134                        8.500        $343,200.00          $342,782.71         $342,782.71         11/01/2000
 CHING, HARRY K                               09/21/2000           360                 Primary Residence   Purchase
 8611 MEADOW EDGE TERRACE                     Standard             N                   12/01/2000          80
 FAIRFAX STATION            VA   22039-0000   $2,638.91            10/01/2030          DEC2000             $0.00

 60005135                        8.500        $350,000.00          $349,574.43         $349,574.43         11/01/2000
 PICHAMUTHU, JOSEPH                           09/29/2000           360                 Primary Residence   Purchase
 1 ABERDEEN PLACE                             Standard             N                   12/01/2000          57.6132
 BERNARDS TWP               NJ   07920-0000   $2,691.20            10/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 60005135                        8.500        $284,800.00          $284,453.70         $284,453.70         11/01/2000
 CONNELLY, FRANK C                            09/28/2000           360                 Primary Residence   Purchase
 630 CALVIN STREET                            Standard             N                   12/01/2000          80
 WASHINGTON TWP             NJ   07675-0000   $2,189.87            10/01/2030          DEC2000             $0.00
 60005135                        8.375        $281,600.00          $281,248.72         $281,248.72         11/01/2000
 PAOLELLA, PHILIP A                           09/28/2000           360                 Primary Residence   Purchase
 13 SHERMAN AVENUE                            Standard             N                   12/01/2000          80
 WALDWICK BOROUGH           NJ   07463-0000   $2,140.36            10/01/2030          DEC2000             $0.01

 60005136                        8.125        $396,000.00          $395,480.17         $395,480.17         11/01/2000
 WALTON, CHRISANN V                           09/22/2000           360                 Primary Residence   Refinance
 7133 EAST CLYDESDALE AVENUE                  Standard             N                   12/01/2000          80
 ORANGE                     CA   92869-0000   $2,940.29            10/01/2030          DEC2000             $0.00

 60005136                        8.250        $428,000.00          $427,727.08         $427,727.08         12/01/2000
 MONTAGH, JOHN A                              10/04/2000           360                 Primary Residence   Purchase
 887 SOLANO AVENUE                            Standard             N                   12/01/2000          80
 ALBANY                     CA   94706-0000   $3,215.42            11/01/2030          DEC2000             $0.00
 60005136                        8.250        $400,000.00          $400,000.00         $400,000.00         01/01/2001
 STEVENS, MATTHEW J                           11/01/2000           360                 Primary Residence   Purchase
 5 HEATHERWOOD DRIVE                          Standard             N                   12/01/2000          62.0155
 MALVERN                    PA   19355-0000   $3,005.07            12/01/2030          DEC2000             $0.00

 60005137                        8.500        $304,000.00          $303,630.38         $303,815.84         11/01/2000
 SALA, JOHN A                                 09/28/2000           360                 Second Home         Purchase
 41355 TALLGRASS                              Standard             N                   11/01/2000          80
 THE SEA RANCH              CA   95497-0000   $2,337.49            10/01/2030          DEC2000             $0.00

 60005139                        8.625        $396,000.00          $395,766.21         $395,766.21         12/01/2000
 MORAN, MICHAEL J                             10/06/2000           360                 Primary Residence   Refinance
 4850 CRESTLAND DRIVE                         Standard             N                   12/01/2000          80
 LA MESA                    CA   91941-0000   $3,080.04            11/01/2030          DEC2000             $0.00
 60005139                        8.125        $415,000.00          $414,728.54         $414,728.54         12/01/2000
 KELSO, BRADLEY G                             10/13/2000           360                 Primary Residence   Refinance
 1201 OAKGLEN                                 Standard             N                   12/01/2000          72.807
 ARCADIA                    CA   91006-0000   $3,081.36            11/01/2030          DEC2000             $0.00

 60005147                        8.125        $375,000.00          $375,000.00         $375,000.00         01/01/2001
 SCARLATO, PAUL J                             11/28/2000           360                 Primary Residence   Purchase
 119 LLANFAIR RD                              Standard             N                   12/01/2000          71.4286
 ARDMORE                    PA   19003-0000   $2,784.36            12/01/2030          DEC2000             $0.00

 60005158                        8.125        $300,000.00          $300,000.00         $300,000.00         01/01/2001
 GLYNN, JAMES F                               11/13/2000           360                 Primary Residence   Refinance
 51 AUDOSON DR                                Standard             N                   12/01/2000          74.0741
 WALPOLE                    MA   02081-0000   $2,227.49            12/01/2030          DEC2000             $0.00
 60005159                        7.875        $300,000.00          $299,793.55         $299,793.55         12/01/2000
 STARKEY, JERRY                               10/20/2000           360                 Primary Residence   Refinance
 852 SYMPHONY ISLES BOULEVARD                 Standard             N                   12/01/2000          79.5756
 APOLLO BEACH               FL   33572-0000   $2,175.20            11/01/2030          DEC2000             $0.00

 60005161                        8.125        $300,000.00          $300,000.00         $300,000.00         01/01/2001
 YOUNG, DAVID C                               11/03/2000           360                 Primary Residence   Purchase
 4 N 787 WESTWOOD CT                          Standard             N                   12/01/2000          83.3333
 STCHARLES                  IL   60175-0000   $2,227.49            12/01/2030          DEC2000             $0.00

 60005169                        7.500        $378,000.00          $377,719.47         $377,719.47         12/01/2000
 BERRY, ROBERT D                              10/31/2000           360                 Primary Residence   Refinance
 11150 REDHAWK STREET                         Standard             N                   12/01/2000          65.7391
 PLANTATION                 FL   33324-0000   $2,643.03            11/01/2030          DEC2000             $0.00
 60005174                        8.125        $360,000.00          $359,764.51         $359,764.51         12/01/2000
 ERNST, KERRY L                               10/02/2000           360                 Primary Residence   Refinance
 4545 FOXMOOR LANE                            Standard             N                   12/01/2000          57.1429
 LAFAYETTE                  IN   47905-0000   $2,672.99            11/01/2030          DEC2000             $0.00

 60005174                        8.500        $315,000.00          $314,617.01         $314,617.01         11/01/2000
 RICHARDSON, KARI                             09/29/2000           360                 Investment          Purchase
 839 VENEZIA AVENUE                           Standard             N                   12/01/2000          75
 LOS ANGELES                CA   90291-0000   $2,422.07            10/01/2030          DEC2000             $0.00

 60005178                        8.125        $365,000.00          $365,000.00         $365,000.00         01/01/2001
 LOWE, WILLIAM L                              11/15/2000           360                 Primary Residence   Purchase
 1004 SPRUCE STREET                           Standard             N                   12/01/2000          51.773
 WINNETKA                   IL   60093-0000   $2,710.12            12/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 60005183                        8.375        $368,800.00          $368,570.77         $368,570.77         12/01/2000
 KURTZMAN, JEFFREY                            10/30/2000           360                 Primary Residence   Purchase
 2202 DELANCEY STREET                         Standard             N                   12/01/2000          80
 PHILADELPHIA               PA   19103-0000   $2,803.15            11/01/2030          DEC2000             $0.00
 60005209                        8.750        $300,000.00          $299,827.40         $299,827.40         12/01/2000
 BERESKY, THOMAS E                            10/26/2000           360                 Primary Residence   Refinance
 76 SQUIRE HILL ROAD                          Standard             N                   12/01/2000          71.4286
 NEW MILFORD                CT   06776-0000   $2,360.10            11/01/2030          DEC2000             $0.00

 60005210                        8.125        $363,800.00          $363,800.00         $363,800.00         01/01/2001
 WALLACE, DAPHANIE                            11/16/2000           360                 Primary Residence   Refinance
 1150 LITCHFIELD LANE                         Standard             N                   12/01/2000          77.4043
 BARTLETT                   IL   60103-0000   $2,701.20            12/01/2030          DEC2000             $0.00

 60005211                        8.250        $300,000.00          $299,808.71         $299,808.71         12/01/2000
 ROMANO, JAMES                                10/13/2000           360                 Primary Residence   Refinance
 6505 SW 69TH AVENUE                          Standard             N                   12/01/2000          78.9474
 SOUTH MIAMI                FL   33143-0000   $2,253.79            11/01/2030          DEC2000             $0.00
 60005214                        8.125        $292,000.00          $291,808.99         $291,808.99         12/01/2000
 ANTHONY, JOHN P                              10/30/2000           360                 Primary Residence   Purchase
 1833 RUNNYMEDE LANE                          Standard             N                   12/01/2000          80
 CHARLOTTE                  NC   28211-0000   $2,168.09            11/01/2030          DEC2000             $0.00

 60005227                        9.875        $431,000.00          $431,000.00         $431,000.00         01/01/2001
 RUCKER, FREDERICK D                          11/16/2000           360                 Primary Residence   Refinance
 11409 WAPLES MILL ROAD                       Standard             N                   12/01/2000          59.8611
 OAKTON                     VA   22124-0000   $3,742.58            12/01/2030          DEC2000             $0.00

 60005228                        8.250        $315,200.00          $314,796.64         $314,796.64         11/01/2000
 ECALE ZHOU, CAROL L                          09/21/2000           360                 Primary Residence   Purchase
 463 VIKING DRIVE                             Standard             N                   12/01/2000          80
 PLEASANT HILL              CA   94523-0000   $2,367.99            10/01/2030          DEC2000             $0.00
 60005229                        7.875        $304,000.00          $303,790.79         $303,790.79         12/01/2000
 TULIO, ROQUE C                               10/02/2000           360                 Primary Residence   Refinance
 2775 RAINFILED DRIVE                         Standard             N                   12/01/2000          76.962
 SAN JOSE                   CA   95133-0000   $2,204.21            11/01/2030          DEC2000             $0.00

 60005230                        7.875        $400,000.00          $399,724.72         $399,724.72         12/01/2000
 MURGULESCU, MIHAI HORIA                      10/24/2000           360                 Primary Residence   Purchase
 6276 HOPI CIRCLE                             Standard             N                   12/01/2000          80
 SAN JOSE                   CA   95123-0000   $2,900.28            11/01/2030          DEC2000             $0.00

 60005232                        7.750        $288,000.00          $287,750.01         $287,750.01         12/01/2000
 CRAWFORD, MICHAEL P                          10/05/2000           360                 Primary Residence   Purchase
 7851 EUREKA AVENUE                           Standard             N                   12/01/2000          80
 EL CERRITO                 CA   94530-0000   $2,063.26            11/01/2030          DEC2000             $46.73
 60005232                        8.375        $260,000.00          $259,814.58         $259,814.58         12/01/2000
 MARTIN, RONALD D                             10/03/2000           360                 Primary Residence   Purchase
 662 ASH COURT                                Standard             N                   12/01/2000          73.2394
 CAMPBELL                   CA   95008-0000   $1,976.18            11/01/2030          DEC2000             $23.82

 60005233                        8.000        $319,500.00          $318,839.92         $318,839.92         12/01/2000
 ROSS, W MITCHELL                             10/30/2000           360                 Primary Residence   Purchase
 16 RENNIE DRIVE                              Standard             N                   12/01/2000          76.1621
 ANDOVER                    MA   01810-0000   $2,344.37            11/01/2030          DEC2000             $445.71

 60005235                        8.250        $278,250.00          $278,072.58         $278,072.58         12/01/2000
 MAI, PHONG DAVID                             10/03/2000           360                 Primary Residence   Purchase
 6367 CEDAR BOULEVARD                         Standard             N                   12/01/2000          75
 NEWARK                     CA   94560-0000   $2,090.39            11/01/2030          DEC2000             $0.00
 60005236                        7.875        $281,600.00          $281,406.20         $281,406.20         12/01/2000
 WHITEHEAD, JEFFREY A                         10/05/2000           360                 Primary Residence   Purchase
 6441 VALLEY VIEW ROAD                        Standard             N                   12/01/2000          80
 OAKLAND                    CA   94611-0000   $2,041.80            11/01/2030          DEC2000             $0.00

 60005237                        8.375        $512,000.00          $511,681.76         $511,681.76         12/01/2000
 PARAZIN, STEPHEN J                           10/31/2000           360                 Primary Residence   Purchase
 5 CARDINAL DR                                Standard             N                   12/01/2000          79.8965
 WESTWOOD                   MA   02090-0000   $3,891.57            11/01/2030          DEC2000             $0.00

 60005240                        8.000        $324,000.00          $323,782.61         $323,782.61         12/01/2000
 MAINES, MARY KAY                             10/31/2000           360                 Primary Residence   Purchase
 1401 GOLDEN BELL COURT                       Standard             N                   12/01/2000          80
 DOWNERS GROVE              IL   60515-0000   $2,377.39            11/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 60005245                        7.625        $444,000.00          $443,678.65         $443,678.65         12/01/2000
 HENRY, DENISE M                              10/30/2000           360                 Primary Residence   Purchase
 7400 PARK TERRACE DRIVE                      Standard             N                   12/01/2000          80
 ALEXANDRIA                 VA   22307-0000   $3,142.60            11/01/2030          DEC2000             $0.00
 60005247                        7.875        $370,000.00          $370,000.00         $370,000.00         01/01/2001
 HERRING, JAMES P                             11/20/2000           360                 Primary Residence   Purchase
 30 CASTLE HOWARD COURT                       Standard             N                   12/01/2000          52.8571
 PRINCETON                  NJ   08540-0000   $2,682.75            12/01/2030          DEC2000             $0.00

 60005247                        8.750        $425,000.00          $425,000.00         $425,000.00         01/01/2001
 POLES, RUSSELL A                             11/17/2000           360                 Primary Residence   Refinance
 118 WORMAN ROAD                              Standard             N                   12/01/2000          69.6721
 STOCKTON                   NJ   08559-0000   $3,343.48            12/01/2030          DEC2000             $0.00

 60005248                        8.375        $350,000.00          $350,000.00         $350,000.00         01/01/2001
 WANG, ZHAO LIN                               11/15/2000           360                 Primary Residence   Purchase
 88 KINGSBURY STREET                          Standard             N                   12/01/2000          87.5
 WELLESLEY                  MA   02481-0000   $2,660.25            12/01/2030          DEC2000             $0.00
 60005253                        8.500        $300,000.00          $299,218.26         $299,218.26         12/01/2000
 ATKATZ, EDWARD                               10/31/2000           360                 Primary Residence   Refinance
 2225 WEST WABANSIA #502                      Standard             N                   12/01/2000          80
 CHICAGO                    IL   60622-0000   $2,306.74            11/01/2030          DEC2000             $600.00

 60005253                        7.500        $385,000.00          $385,000.00         $385,000.00         01/01/2001
 WOLFFE, WESLEY A                             11/17/2000           360                 Primary Residence   Purchase
 1522 EDGEWOOD LANE                           Standard             N                   12/01/2000          71.9626
 WINNETKA                   IL   60093-0000   $2,691.98            12/01/2030          DEC2000             $0.00

 60005257                        8.375        $444,000.00          $443,724.03         $443,724.03         12/01/2000
 MARGOLIES, BRIAN                             10/02/2000           360                 Primary Residence   Purchase
 4 TANGER DRIVE                               Standard             N                   12/01/2000          80
 LIVINGSTON TWP             NJ   07039-0000   $3,374.72            11/01/2030          DEC2000             $0.00
 60005260                        8.000        $445,000.00          $445,000.00         $445,000.00         01/01/2001
 TONER, DAVID C                               11/13/2000           360                 Primary Residence   Refinance
 309 GYPSY LANE                               Standard             N                   12/01/2000          74.1667
 WYNWOOD                    PA   19096-0000   $3,265.25            12/01/2030          DEC2000             $0.00

 60005265                        8.250        $337,500.00          $337,284.79         $337,284.79         12/01/2000
 SHORT, MITCH J                               10/18/2000           360                 Primary Residence   Refinance
 755 GABLE DRIVE                              Standard             N                   12/01/2000          75
 FREMONT                    CA   94539-0000   $2,535.52            11/01/2030          DEC2000             $0.00

 60005265                        8.375        $316,000.00          $315,803.59         $315,803.59         12/01/2000
 WOLFE, DAVID                                 10/12/2000           360                 Primary Residence   Purchase
 15 LANTANA                                   Standard             N                   12/01/2000          79.8989
 ALISO VIEJO                CA   92656-0000   $2,401.83            11/01/2030          DEC2000             $0.00
 60005266                        8.375        $480,000.00          $479,650.00         $479,650.00         12/01/2000
 DESPROGES, STEPHANE                          10/09/2000           360                 Primary Residence   Purchase
 2276 CENTRAL PARK DRIVE                      Standard             N                   12/01/2000          80
 SAN JOSE                   CA   95008-0000   $3,648.34            11/01/2030          DEC2000             $51.66

 60005266                        8.000        $300,000.00          $299,798.71         $299,798.71         12/01/2000
 BOWERS, KENNETH A                            10/16/2000           360                 Primary Residence   Purchase
 7508 ROCKWAY AVENUE                          Standard             N                   12/01/2000          80
 EL CERRITO                 CA   94530-0000   $2,201.29            11/01/2030          DEC2000             $0.00

 60005267                        8.125        $480,000.00          $479,686.01         $479,686.01         12/01/2000
 BRANSHAW, KIMBERLY                           10/16/2000           360                 Primary Residence   Purchase
 2012 CABRILLO COURT                          Standard             N                   12/01/2000          80
 SANTA CLARA                CA   95051-0000   $3,563.99            11/01/2030          DEC2000             $0.00
 60005270                        7.875        $290,000.00          $289,800.43         $289,800.43         12/01/2000
 BUTLER, RICHARD E                            11/02/2000           360                 Primary Residence   Purchase
 7444 WOLFRUN TRAIL                           Standard             N                   12/01/2000          74.359
 FAIRVIEW HEIGHTS           IL   62208-0000   $2,102.70            11/01/2030          DEC2000             ($0.01)

 60005270                        8.000        $375,000.00          $374,748.38         $374,748.38         12/01/2000
 BLOM, LYNNE A                                10/12/2000           360                 Primary Residence   Purchase
 1015 EVELYN AVENUE                           Standard             N                   12/01/2000          75
 ALBANY                     CA   94706-0000   $2,751.62            11/01/2030          DEC2000             $0.00

 60005271                        8.125        $266,400.00          $266,225.74         $266,225.74         12/01/2000
 KNIZEL, HENRY                                10/13/2000           360                 Primary Residence   Purchase
 8195 EAST WOODSBORO AVENUE                   Standard             N                   12/01/2000          80
 ANAHEIM                    CA   92807-0000   $1,978.01            11/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 60005272                        8.000        $445,000.00          $444,701.42         $444,701.42         12/01/2000
 ZULCH-HAYS, LAURA                            10/09/2000           360                 Primary Residence   Purchase
 2330 EUNICE STREET                           Standard             N                   12/01/2000          76.0684
 BERKELEY                   CA   94708-0000   $3,265.25            11/01/2030          DEC2000             $0.00
 60005273                        8.000        $336,500.00          $336,274.21         $336,500.00         12/01/2000
 MCCLELLAND, MARK T                           10/13/2000           360                 Primary Residence   Refinance
 213 KELTON AVENUE                            Standard             N                   11/01/2000          48.0714
 SAN CARLOS                 CA   94070-0000   $2,469.12            11/01/2030          DEC2000             $0.00

 60005284                        8.500        $270,750.00          $270,585.98         $270,585.98         12/01/2000
 PAULK, JACQUELINE                            10/09/2000           360                 Primary Residence   Purchase
 2271 SALISBURY DRIVE                         Standard             N                   12/01/2000          95
 SAN DIEGO                  CA   92123-0000   $2,081.83            11/01/2030          DEC2000             $0.00

 60005285                        8.125        $611,100.00          $610,700.26         $610,700.26         12/01/2000
 ONEMANIVONG, LINTHONG                        10/18/2000           360                 Primary Residence   Purchase
 4492 WEST 100TH AVENUE                       Standard             N                   12/01/2000          75.0167
 WESTMINSTER                CO   80031-0000   $4,537.40            11/01/2030          DEC2000             $0.00
 60005292                        8.500        $326,250.00          $326,250.00         $326,250.00         01/01/2001
 PENNINGTON, DEAN                             11/06/2000           360                 Primary Residence   Refinance
 2 VANTAGE DRIVE                              Standard             N                   12/01/2000          75
 RARITAN                    NJ   08822-0000   $2,508.58            12/01/2030          DEC2000             $0.00

 60005320                        8.250        $286,360.00          $286,360.00         $286,360.00         01/01/2001
 ARONLD, LAVERNE                              11/03/2000           360                 Primary Residence   Purchase
 11396 LAURA LANE                             Standard             N                   12/01/2000          90.9079
 FRANKFORT                  IL   60423-0000   $2,151.33            12/01/2030          DEC2000             $0.00

 60005341                        8.375        $304,000.00          $303,811.06         $303,811.06         12/01/2000
 LE, HUEY                                     10/11/2000           360                 Primary Residence   Purchase
 3231 STEPHANIE COURT                         Standard             N                   12/01/2000          80
 SAN JOSE                   CA   95132-0000   $2,310.61            11/01/2030          DEC2000             $0.00
 60005342                        8.000        $405,000.00          $405,000.00         $405,000.00         01/01/2001
 CARNEY, PETER H                              11/10/2000           360                 Primary Residence   Purchase
 1137 VISTA DEL MAR                           Standard             N                   12/01/2000          50
 DELRAY BEACH               FL   33483-0000   $2,971.75            12/01/2030          DEC2000             $0.00

 60005346                        8.000        $368,000.00          $367,753.08         $367,753.08         12/01/2000
 RASMUSSEN, ARLON J                           10/27/2000           360                 Primary Residence   Purchase
 1491 NW PROMONTORY DRIVE                     Standard             N                   12/01/2000          80
 BEND                       OR   97701-0000   $2,700.25            11/01/2030          DEC2000             $0.00

 60005349                        7.625        $555,000.00          $555,000.00         $555,000.00         01/01/2001
 BURKE, JAMES                                 11/13/2000           360                 Primary Residence   Purchase
 285 STANDISH ST                              Standard             N                   12/01/2000          74
 DUXBURY                    MA   02332-0000   $3,928.25            12/01/2030          DEC2000             $0.00
 60005354                        9.625        $329,950.00          $329,950.00         $329,950.00         01/01/2001
 CHANG, NAN-CHIANG                            11/15/2000           360                 Primary Residence   Refinance
 2941 ORANGE BRACE                            Standard             N                   12/01/2000          72.5165
 RIVERWOODS                 IL   60015-0000   $2,804.54            12/01/2030          DEC2000             $0.00

 60005366                        8.000        $321,600.00          $321,384.22         $321,384.22         12/01/2000
 CASH, ADAM                                   10/09/2000           360                 Primary Residence   Purchase
 2010 PRINCE STREET                           Standard             N                   12/01/2000          80
 BERKELEY                   CA   94703-0000   $2,359.78            11/01/2030          DEC2000             $0.00

 60005367                        8.000        $600,000.00          $599,597.42         $599,597.42         12/01/2000
 MOSER, ELENA                                 10/11/2000           360                 Primary Residence   Purchase
 1737 MADERA STREET                           Standard             N                   12/01/2000          75
 BERKELEY                   CA   94707-0000   $4,402.58            11/01/2030          DEC2000             $0.00
 60005371                        8.875        $335,200.00          $335,200.00         $335,200.00         01/01/2001
 SHAHRABI, SHABMAM                            10/31/2000           360                 Primary Residence   Purchase
 4935 CHIMINEAS AVENUE                        Standard             N                   12/01/2000          80
 TARZANA                    CA   91356-0000   $2,667.00            12/01/2030          DEC2000             $0.00

 60005372                        8.000        $280,400.00          $280,211.86         $280,400.00         12/01/2000
 SOLANO, MICHAEL                              10/27/2000           360                 Primary Residence   Purchase
 2220 CEDAR MILL COURT                        Standard             N                   11/01/2000          80
 VIENNA                     VA   22812-0000   $2,057.47            11/01/2030          DEC2000             $0.00

 60005373                        8.375        $296,000.00          $295,816.02         $295,816.02         12/01/2000
 FRASER, STEVEN L                             10/27/2000           360                 Primary Residence   Purchase
 43867 LUDLUM CT                              Standard             N                   12/01/2000          80
 ASHBURN                    VA   20147-0000   $2,249.81            11/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 60005384                        7.875        $410,000.00          $410,000.00         $410,000.00         01/01/2001
 SYMANSKI, ERNEST                             11/16/2000           360                 Primary Residence   Purchase
 11 PHILHOWER ROAD                            Standard             N                   12/01/2000          73.2143
 TEWKSBURY                  NJ   07830-0000   $2,972.78            12/01/2030          DEC2000             $0.00
 60005384                        8.250        $490,000.00          $489,687.54         $489,687.54         12/01/2000
 SY-QUIA, NOEL F                              10/12/2000           360                 Primary Residence   Refinance
 30 PARNASSUS ROAD                            Standard             N                   12/01/2000          75.3846
 BERKELEY                   CA   94708-0000   $3,681.21            11/01/2030          DEC2000             $0.00

 60005384                        8.125        $293,000.00          $293,000.00         $293,000.00         01/01/2001
 MACDONALD, THOMAS G                          11/13/2000           360                 Primary Residence   Refinance
 49 MATAWANABEE TRAIL                         Standard             N                   12/01/2000          73.8035
 LITTLETON                  MA   01460-0000   $2,175.51            12/01/2030          DEC2000             $0.00

 60005400                        8.000        $383,200.00          $382,942.88         $382,942.88         12/01/2000
 VASQUEZ, JERRY J                             10/16/2000           360                 Primary Residence   Purchase
 5758 GOLDEN WEST AVENUE                      Standard             N                   12/01/2000          80
 TEMPLE CITY                CA   91780-0000   $2,811.79            11/01/2030          DEC2000             $0.00
 60005401                        7.875        $351,000.00          $350,758.45         $350,758.45         12/01/2000
 PLEYNET, DAVID                               10/16/2000           360                 Primary Residence   Purchase
 12542 DARKWOOD ROAD                          Standard             N                   12/01/2000          90
 SAN DIEGO                  CA   92129-0000   $2,544.99            11/01/2030          DEC2000             $0.00

 60005402                        8.250        $312,000.00          $312,000.00         $312,000.00         01/01/2001
 SIMARD, DAVID M                              11/06/2000           360                 Primary Residence   Refinance
 6 JASONS GRANT DRIVE                         Standard             N                   12/01/2000          79.7954
 CUMBERLAND                 RI   02864-0000   $2,343.95            12/01/2030          DEC2000             $0.00

 60005408                        8.125        $310,000.00          $310,000.00         $310,000.00         01/01/2001
 D'ALLEVA, CHRISTOPHER J                      11/13/2000           360                 Primary Residence   Purchase
 6323 NORTH LEROY AVE                         Standard             N                   12/01/2000          80
 CHICAGO                    IL   60646-0000   $2,301.75            12/01/2030          DEC2000             $0.00
 60005410                        8.250        $380,000.00          $379,757.69         $379,757.69         12/01/2000
 CARROLL, JOHN L                              10/16/2000           360                 Primary Residence   Refinance
 815 MOANA DRIVE                              Standard             N                   12/01/2000          69.0909
 SAN DIEGO                  CA   92106-0000   $2,854.81            11/01/2030          DEC2000             $0.00

 60005410                        8.000        $368,900.00          $368,652.47         $368,652.47         12/01/2000
 HWANG, RON                                   10/19/2000           360                 Primary Residence   Purchase
 10722 SUNNYBRAE AVENUE                       Standard             N                   12/01/2000          89.9756
 LOS ANGELES                CA   91311-0000   $2,706.86            11/01/2030          DEC2000             $0.00

 60005413                        8.000        $450,000.00          $449,698.06         $449,698.06         12/01/2000
 DOAN, VINCENT                                10/02/2000           360                 Primary Residence   Purchase
 916 MCBRIDE LOOP                             Standard             N                   12/01/2000          79.5427
 SAN JOSE                   CA   95125-0000   $3,301.94            11/01/2030          DEC2000             $0.00
 60005414                        7.875        $438,000.00          $437,698.58         $437,698.58         12/01/2000
 O'BRIEN, JAMES F                             11/03/2000           360                 Primary Residence   Refinance
 31 MONUMENT AVENUE                           Standard             N                   12/01/2000          70.6452
 CHARLESTOWN                MA   02129-0000   $3,175.80            11/01/2030          DEC2000             ($0.01)

 60005415                        8.000        $368,000.00          $368,000.00         $368,000.00         01/01/2001
 KIVLIGHN, ROBERT M                           11/16/2000           360                 Primary Residence   Purchase
 1902 SPYGLASS CIRCLE                         Standard             N                   12/01/2000          80
 EVERGREEN                  CO   80439-0000   $2,700.25            12/01/2030          DEC2000             $0.00

 60005417                        8.250        $280,000.00          $280,000.00         $280,000.00         01/01/2001
 SPARKS, GREGORY                              11/03/2000           360                 Primary Residence   Purchase
 537 WYNLYN ROAD                              Standard             N                   12/01/2000          94.9153
 LOWER MERION TWP           PA   19096-0000   $2,103.55            12/01/2030          DEC2000             $0.00
 60005424                        8.750        $191,700.00          $191,700.00         $191,700.00         01/01/2001
 MARRAZZO, MICHAEL A                          11/10/2000           360                 Primary Residence   Refinance
 6 DOGWOOD ROAD                               Stated Income        N                   12/01/2000          48.5316
 YARDLY                     PA   19067-0000   $1,508.10            12/01/2030          DEC2000             $0.00

 60005428                        8.250        $398,000.00          $398,000.00         $398,000.00         01/01/2001
 LONG, GREGORY                                11/22/2000           360                 Primary Residence   Refinance
 8 TROWBRIDGE ROAD                            Standard             N                   12/01/2000          79.6
 RANDOLPH                   NJ   07869-0000   $2,990.04            12/01/2030          DEC2000             $0.00

 60005445                        8.000        $995,000.00          $995,000.00         $995,000.00         01/01/2001
 FERRELL, E VERNON                            11/22/2000           360                 Primary Residence   Purchase
 312 OCEANVIEW DRIVE                          Standard             N                   12/01/2000          68.6207
 MYRTLE BEACH               SC   29572-0000   $7,300.95            12/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 60005448                        8.250        $347,950.00          $347,950.00         $347,950.00         01/01/2001
 MASSE, JOHN PAUL                             11/10/2000           360                 Primary Residence   Purchase
 4 SMITH DR                                   Standard             N                   12/01/2000          79.9959
 ALLENTOWN                  NJ   08501-0000   $2,614.03            12/01/2030          DEC2000             $0.00
 60005448                        8.000        $321,300.00          $321,084.41         $321,084.41         12/01/2000
 JESTER, LESLIE A                             10/27/2000           360                 Primary Residence   Purchase
 13078 ROUNDUP AVENUE                         Standard             N                   12/01/2000          90
 SAN DIEGO                  CA   92129-0000   $2,357.59            11/01/2030          DEC2000             $0.00

 60005448                        8.375        $288,000.00          $287,533.41         $287,533.41         12/01/2000
 DAVIS, MICHAEL R                             10/26/2000           240                 Primary Residence   Refinance
 5029 WINDING HILLS LANE                      Standard             N                   12/01/2000          80
 WOODSTOCK                  GA   30189-0000   $2,476.59            11/01/2020          DEC2000             $0.00

 60005448                        8.250        $346,400.00          $346,179.11         $346,179.11         12/01/2000
 GRAHAM, JOHN C                               10/23/2000           360                 Primary Residence   Refinance
 5576 JACQUILINE WAY                          Standard             N                   12/01/2000          80
 LIVERMORE                  CA   94550-0000   $2,602.39            11/01/2030          DEC2000             $0.00
 60005448                        8.125        $290,000.00          $289,810.30         $289,810.30         12/01/2000
 CRAVENS, MICHAEL D                           10/27/2000           360                 Primary Residence   Purchase
 301 TOYON COURT                              Standard             N                   12/01/2000          79.9784
 SAN MARCOS                 CA   92069-0000   $2,153.24            11/01/2030          DEC2000             $0.00

 60005453                        8.500        $465,025.00          $465,025.00         $465,025.00         01/01/2001
 ILLIAN, KRISTINE M                           11/17/2000           360                 Primary Residence   Purchase
 5606 KRAMER ROAD                             Standard             N                   12/01/2000          95
 MINNETRISTA                MN   55364-0000   $3,575.64            12/01/2030          DEC2000             $0.00

 60005466                        8.500        $360,000.00          $360,000.00         $360,000.00         01/01/2001
 WALDON, JAMES E                              11/10/2000           360                 Primary Residence   Refinance
 777 KANSAS STREET                            Standard             N                   12/01/2000          80
 SAN FRANSICO               CA   94107-0000   $2,768.09            12/01/2030          DEC2000             $0.00
 60005476                        8.250        $325,000.00          $324,734.38         $324,734.38         12/01/2000
 STIVERS, ROBERT C                            10/13/2000           360                 Primary Residence   Purchase
 4402 WESTPORT WAY                            Standard             N                   12/01/2000          79.3901
 DUBLIN                     CA   94568-0000   $2,441.62            11/01/2030          DEC2000             $58.38

 60005476                        9.750        $289,000.00          $289,000.00         $289,000.00         01/01/2001
 JACKSON, THORNTON L                          11/22/2000           360                 Primary Residence   Refinance
 4636 TWIN LAKE LANE                          Standard             N                   12/01/2000          55.5769
 LONG GROVE                 IL   60047-0000   $2,482.95            12/01/2030          DEC2000             $0.00

 60005476                        8.000        $349,000.00          $348,765.83         $348,765.83         12/01/2000
 SCHMIDT, MATTHEW J                           10/17/2000           360                 Primary Residence   Purchase
 3004 DEL MONTE STREET                        Standard             N                   12/01/2000          53.775
 SAN MATEO                  CA   94403-0000   $2,560.84            11/01/2030          DEC2000             $0.00
 60005477                        8.375        $344,000.00          $343,786.18         $343,786.18         12/01/2000
 NGUYEN, THANH                                10/20/2000           360                 Primary Residence   Purchase
 191 HERLONG AVENUE                           Standard             N                   12/01/2000          80
 SAN JOSE                   CA   95123-0000   $2,614.65            11/01/2030          DEC2000             $0.00

 60005477                        7.875        $380,000.00          $379,738.49         $379,738.49         12/01/2000
 MUIR, RODNEY                                 10/16/2000           360                 Primary Residence   Purchase
 628 CARLOTTA CIRCLE                          Standard             N                   12/01/2000          78.5923
 PINOLE                     CA   94564-0000   $2,755.26            11/01/2030          DEC2000             $0.00

 60005479                        9.750        $600,500.00          $600,500.00         $600,500.00         01/01/2001
 MCCLENDON, VICKI                             11/22/2000           360                 Primary Residence   Refinance
 1852 NORTH ORCHARD                           Standard             N                   12/01/2000          65.8443
 CHICAGO                    IL   60614-0000   $5,159.22            12/01/2030          DEC2000             $0.00
 60005479                        9.750        $315,000.00          $315,000.00         $315,000.00         01/01/2001
 CREWS, DONALD                                11/17/2000           360                 Primary Residence   Refinance
 742 CHESTNUT                                 Standard             N                   12/01/2000          52.9857
 HINSDALE                   IL   60521-0000   $2,706.33            12/01/2030          DEC2000             $0.00

 60005480                        8.250        $369,200.00          $369,200.00         $369,200.00         01/01/2001
 BURTON, THOMAS R                             11/30/2000           360                 Primary Residence   Purchase
 8 EVERGREEN DRIVE                            Standard             N                   12/01/2000          79.9134
 BEVERLY                    MA   01915-0000   $2,773.67            12/01/2030          DEC2000             $0.00

 60005481                        8.000        $433,600.00          $433,309.07         $433,309.07         12/01/2000
 NEEL, CHAD A                                 10/23/2000           360                 Primary Residence   Purchase
 1015 VISTA POINTE CIRCLE                     Standard             N                   12/01/2000          80
 SAN RAMON                  CA   94583-0000   $3,181.60            11/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 60005483                        8.000        $500,000.00          $500,000.00         $500,000.00         01/01/2001
 MASON, RICHARD L                             11/10/2000           360                 Primary Residence   Refinance
 21 CROSS HILL ROAD                           Standard             N                   12/01/2000          72.6744
 NEWTON                     MA   02459-0000   $3,668.82            12/01/2030          DEC2000             $0.00
 60005499                        8.875        $650,000.00          $649,635.60         $649,635.60         12/01/2000
 WELLS, JEFFREY W                             10/10/2000           360                 Primary Residence   Refinance
 13505 CENTER AVENUE                          Standard             N                   12/01/2000          79.9508
 SAN MARTIN                 CA   95046-0000   $5,171.69            11/01/2030          DEC2000             $0.00

 60005499                        8.250        $650,000.00          $649,585.52         $649,585.52         12/01/2000
 TAYLOR, ROBERT                               09/27/2000           360                 Primary Residence   Refinance
 1319 NEPTUNE                                 Standard             N                   12/01/2000          73.4463
 LEUCADIA                   CA   92024-0000   $4,883.23            11/01/2030          DEC2000             $0.00

 60005529                        7.750        $272,000.00          $271,808.03         $271,808.03         12/01/2000
 RAMON, JEFFREY D                             10/25/2000           360                 Primary Residence   Refinance
 1907 BAGDER PASS WAY                         Standard             N                   12/01/2000          80
 ANTIOCH                    CA   94509-0000   $1,948.64            11/01/2030          DEC2000             $0.00
 60005529                        8.125        $480,000.00          $479,686.01         $479,686.01         12/01/2000
 LIU, ANTHONY                                 10/26/2000           360                 Primary Residence   Purchase
 819 COLUMBINE COURT                          Standard             N                   12/01/2000          80
 DANVILLE                   CA   94526-0000   $3,563.99            11/01/2030          DEC2000             $0.00

 60005581                        8.750        $297,000.00          $297,000.00         $297,000.00         01/01/2001
 CHURCH, SALLY                                11/27/2000           360                 Primary Residence   Purchase
 75 ERIE STREET                               Standard             N                   12/01/2000          90
 JERSEY CITY                NJ   07302-0000   $2,336.50            12/01/2030          DEC2000             $0.00

 60005585                        7.875        $308,000.00          $308,000.00         $308,000.00         01/01/2001
 VENKATASUBRAMANIAN, THYAGARAJAN              11/15/2000           360                 Primary Residence   Purchase
 6401 ERIN DRIVE                              Standard             N                   12/01/2000          80
 CLARKSVILLE                MD   21029-0000   $2,233.22            12/01/2030          DEC2000             $0.00
 60005587                        8.250        $285,000.00          $285,000.00         $285,000.00         01/01/2001
 FREYNE, NIALL                                11/21/2000           360                 Primary Residence   Purchase
 4420 RENO ROAD NW                            Standard             N                   12/01/2000          66.2791
 WASHINGTON                 DC   20008-0000   $2,141.11            12/01/2030          DEC2000             $0.00

 60005592                        9.875        $425,000.00          $425,000.00         $425,000.00         01/01/2001
 SOLIMAN, JENNIFFER D                         11/01/2000           360                 Primary Residence   Refinance
 17182 NORDOFF STREET                         Stated Income        N                   12/01/2000          74.5614
 NORTHRIDGE                 CA   91325-0000   $3,690.48            12/01/2030          DEC2000             $0.00

 60005595                        8.000        $350,000.00          $350,000.00         $350,000.00         01/01/2001
 BERGLUND, WILLIAM J                          11/27/2000           360                 Primary Residence   Purchase
 19 TARTAN LAKES COURT                        Streamline           N                   12/01/2000          58.3333
 WESTMONT                   IL   60559-0000   $2,568.18            12/01/2030          DEC2000             $0.00
 60005614                        8.125        $280,000.00          $280,000.00         $280,000.00         01/01/2001
 KNUSTGRAICHEN, MARY                          11/17/2000           360                 Primary Residence   Refinance
 396 HANCOCK STREET                           Standard             N                   12/01/2000          80
 WRENTHAM                   MA   02093-0000   $2,078.99            12/01/2030          DEC2000             $0.00

 60005617                        8.125        $360,000.00          $359,764.51         $359,764.51         12/01/2000
 SAILORS, KIPP A                              10/20/2000           360                 Primary Residence   Purchase
 2909 S 65TH STREET                           Standard             N                   12/01/2000          80
 KANSAS CITY                KS   66106-0000   $2,672.99            11/01/2030          DEC2000             $0.00

 60005624                        9.000        $350,000.00          $350,000.00         $350,000.00         01/01/2001
 COWGILL, RONALD E                            11/15/2000           360                 Primary Residence   Refinance
 708 MEADOW DRIVE                             Standard             N                   12/01/2000          67.9612
 GLENVIEW                   IL   60025-0000   $2,816.18            12/01/2030          DEC2000             $0.00
 60005631                        8.250        $548,000.00          $548,000.00         $548,000.00         01/01/2001
 DIAMOND, STEVEN W                            11/03/2000           360                 Primary Residence   Purchase
 122 HAMILTON AVENUE                          Standard             N                   12/01/2000          80
 TOWN OF WESTFIELD          NJ   07090-0000   $4,116.94            12/01/2030          DEC2000             $0.00

 60005631                        7.875        $351,900.00          $351,657.82         $351,657.82         12/01/2000
 GRANDE, ALFRED D                             10/20/2000           360                 Primary Residence   Purchase
 12916 POPES HEAD ROAD                        Standard             N                   12/01/2000          79.9955
 CLIFTON                    VA   20124-0000   $2,551.52            11/01/2030          DEC2000             $0.00

 60005632                        7.625        $308,000.00          $307,777.08         $307,777.08         12/01/2000
 MADDEN, BRIAN K                              10/25/2000           360                 Primary Residence   Purchase
 5619 32ND STREET NORTH                       Standard             N                   12/01/2000          80
 ARLINGTON                  VA   22207-0000   $2,180.00            11/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 60005632                        8.125        $287,200.00          $287,012.13         $287,012.13         12/01/2000
 SHEA, KEVIN T                                10/13/2000           360                 Primary Residence   Purchase
 8 LOCUST GROVE ROAD                          Standard             N                   12/01/2000          80
 FRANKLIN TOWNSHIP          NJ   08867-0000   $2,132.45            11/01/2030          DEC2000             $0.00
 60005632                        8.000        $295,000.00          $294,802.06         $294,802.06         12/01/2000
 PENNACCHI, PAUL G                            10/17/2000           360                 Primary Residence   Purchase
 8 BUCKINGHAM DRIVE                           Standard             N                   12/01/2000          66.2921
 LAWRENCE TOWNSHIP          NJ   08540-0000   $2,164.61            11/01/2030          DEC2000             $0.00

 60005643                        8.625        $400,000.00          $400,000.00         $400,000.00         01/01/2001
 DIAZ, JULIE H                                11/22/2000           360                 Primary Residence   Purchase
 326 CHERRY LANE                              Standard             N                   12/01/2000          57.2246
 WYNNEWOOD                  PA   19096-0000   $3,111.16            12/01/2030          DEC2000             $0.00

 60005643                        7.750        $379,502.00          $379,234.15         $379,234.15         12/01/2000
 SETLOCK, RICHARD                             10/12/2000           360                 Primary Residence   Purchase
 75 ADDIS DRIVE                               Standard             N                   12/01/2000          79.9999
 NORTHHAMPTON TWP           PA   19020-0000   $2,718.80            11/01/2030          DEC2000             $0.00
 60005644                        8.625        $394,000.00          $394,000.00         $394,000.00         01/01/2001
 GILBERT, GARY W                              11/28/2000           360                 Primary Residence   Purchase
 39 LEXINGTON STREET                          Standard             N                   12/01/2000          80
 SOMMERVILLE                MA   02144-0000   $3,064.49            12/01/2030          DEC2000             $0.00

 60005645                        8.375        $380,000.00          $379,763.81         $379,763.81         12/01/2000
 LEVY, MAY YUEN                               10/24/2000           360                 Primary Residence   Purchase
 1150 RIVA RIDGE DRIVE                        Standard             N                   12/01/2000          80
 GREAT FALLS                VA   22066-0000   $2,888.27            11/01/2030          DEC2000             $0.00

 60005646                        8.500        $284,100.00          $283,927.90         $283,927.90         12/01/2000
 MENDES, CHARLES                              10/12/2000           360                 Primary Residence   Refinance
 21 LENAPE LANE                               Standard             N                   12/01/2000          67.1631
 WEST WINDSOR TWP           NJ   08550-0000   $2,184.48            11/01/2030          DEC2000             ($0.01)
 60005646                        8.375        $293,200.00          $293,017.76         $293,017.76         12/01/2000
 FISHER, HUGH WP                              10/27/2000           360                 Primary Residence   Purchase
 319 MOUNT VERNON AVENUE WEST                 Standard             N                   12/01/2000          80
 BOROUGH HADDONFIELD        NJ   08033-0000   $2,228.53            11/01/2030          DEC2000             $0.00

 60005647                        8.250        $552,312.00          $551,959.81         $551,959.81         12/01/2000
 HALL, TRENT                                  10/16/2000           360                 Primary Residence   Purchase
 56 BLAZIER ROAD                              Standard             N                   12/01/2000          80
 BRIDGEWATER TWP            NJ   08836-0000   $4,149.34            11/01/2030          DEC2000             ($0.01)

 60005648                        8.125        $311,000.00          $311,000.00         $311,000.00         01/01/2001
 KERBEL, OLEG A                               11/27/2000           360                 Primary Residence   Refinance
 34 HILLSIDE AVE                              Standard             N                   12/01/2000          81.8421
 NEEDHAM                    MA   02494-0000   $2,309.16            12/01/2030          DEC2000             $0.00
 60005648                        8.000        $456,600.00          $456,293.63         $456,293.63         12/01/2000
 HOU, DONALD                                  10/09/2000           360                 Primary Residence   Purchase
 30 SIBELIUS ROAD                             Standard             N                   12/01/2000          79.9833
 NEWTOWN                    PA   18940-0000   $3,350.37            11/01/2030          DEC2000             $0.00

 60005649                        8.500        $480,000.00          $479,709.22         $479,709.22         12/01/2000
 MILLER, JEANNETTE L                          09/29/2000           360                 Primary Residence   Refinance
 805 OAKRIDGE DRIVE                           Standard             N                   12/01/2000          78.6885
 HOLLISTER                  CA   95023-0000   $3,690.78            11/01/2030          DEC2000             $0.00

 60005649                        8.125        $340,000.00          $340,000.00         $340,000.00         01/01/2001
 HAMMES, GERARD A                             11/02/2000           360                 Primary Residence   Purchase
 6 FOX CHASE DRIVE                            Standard             N                   12/01/2000          80
 PARSIPPANYTROY HILLS       NJ   07054-0000   $2,524.49            12/01/2030          DEC2000             $0.00
 60005650                        8.125        $333,750.00          $333,750.00         $333,750.00         01/01/2001
 RIKLAN, DAVID J                              11/06/2000           360                 Primary Residence   Purchase
 20 ARIE DRIVE                                Standard             N                   12/01/2000          75
 TWP OF MARLBORO            NJ   07746-0000   $2,478.08            12/01/2030          DEC2000             $0.00

 60005679                        8.125        $388,000.00          $387,746.19         $387,746.19         12/01/2000
 ROTHSCHILD, WILLIAM G                        10/26/2000           360                 Primary Residence   Purchase
 2495 HYDE MANOR DRIVE                        Standard             N                   12/01/2000          80
 ATLANTA                    GA   30327-0000   $2,880.89            11/01/2030          DEC2000             $0.00

 60005698                        8.250        $723,000.00          $723,000.00         $723,000.00         01/01/2001
 CANAVARI, JOHN R                             11/27/2000           360                 Primary Residence   Purchase
 144 WEST CONCORD STREET #3                   Standard             N                   12/01/2000          74.9223
 BOSTON                     MA   02118-0000   $5,431.65            12/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 60005730                        8.250        $650,000.00          $650,000.00         $650,000.00         01/01/2001
 KIN, CHI-DA                                  11/02/2000           360                 Primary Residence   Purchase
 45738 BRIDGEPORT DRIVE                       Standard             N                   12/01/2000          76.9231
 FREMONT                    CA   94539-0000   $4,883.23            12/01/2030          DEC2000             $0.00
 60005731                        8.250        $406,700.00          $406,700.00         $406,700.00         01/01/2001
 LULAY, MARTIN A                              11/01/2000           360                 Primary Residence   Refinance
 3678 NW 123RD PLACE                          Standard             N                   12/01/2000          79.589
 PORTLAND                   OR   97229-0000   $3,055.40            12/01/2030          DEC2000             $0.00

 60005732                        8.125        $352,000.00          $352,000.00         $352,000.00         01/01/2001
 ROMANOW, TIMOTHY M                           11/03/2000           360                 Primary Residence   Refinance
 9533 GOTTEN WAY                              Standard             N                   12/01/2000          80
 GERMANTOWN                 TN   38139-0000   $2,613.59            12/01/2030          DEC2000             $0.00

 60005793                        8.250        $305,150.00          $305,150.00         $305,150.00         01/01/2001
 HOANG, THUY                                  11/17/2000           360                 Primary Residence   Purchase
 115 CEDAR GROVE PL SW                        Standard             N                   12/01/2000          79.9995
 LEESBURG                   VA   20175-0000   $2,292.49            12/01/2030          DEC2000             $0.00
 60005821                        8.750        $313,500.00          $313,500.00         $313,500.00         01/01/2001
 RICE, PATRICIA                               11/27/2000           360                 Primary Residence   Purchase
 950 GREENSWARD LANE                          Standard             N                   12/01/2000          95
 DELRAY BEACH               FL   33445-0000   $2,466.31            12/01/2030          DEC2000             $0.00

 60005822                        7.625        $429,600.00          $429,600.00         $429,600.00         01/01/2001
 GONG, MICHAEL                                11/01/2000           360                 Primary Residence   Purchase
 1146 EMERSON AVENUE                          Standard             N                   12/01/2000          80
 CAMPBELL                   CA   95008-0000   $3,040.68            12/01/2030          DEC2000             $0.00

 60005823                        7.750        $368,000.00          $367,740.27         $367,740.27         12/01/2000
 BAKER, JOHN NICHOLAS                         10/25/2000           360                 Primary Residence   Purchase
 4637 CLYBOURN AVENUE                         Standard             N                   12/01/2000          79.1398
 LOS ANGELES                CA   91602-0000   $2,636.40            11/01/2030          DEC2000             $0.00
 60005824                        7.875        $288,500.00          $288,500.00         $288,500.00         01/01/2001
 GALANT, CHARLES                              11/02/2000           360                 Primary Residence   Refinance
 1503 WILLOWHAVEN COURT                       Standard             N                   12/01/2000          72.125
 SAN JOSE                   CA   95126-0000   $2,091.83            12/01/2030          DEC2000             $0.00

 60005827                        8.125        $514,000.00          $513,663.77         $513,663.77         12/01/2000
 MANILA, LOUIS                                10/30/2000           360                 Primary Residence   Purchase
 18 FARVIEW COURT                             Standard             N                   12/01/2000          79.9378
 SAN FRANCISCO              CA   94131-0000   $3,816.44            11/01/2030          DEC2000             $0.00

 60005833                        8.500        $272,650.00          $272,650.00         $272,650.00         01/01/2001
 CAREY, PANKAJ WILLIAM                        11/06/2000           360                 Primary Residence   Purchase
 5326 ACACIA STREET                           Standard             N                   12/01/2000          95
 SAN GABRIEL                CA   91776-0000   $2,096.44            12/01/2030          DEC2000             $0.00
 60005834                        8.250        $296,000.00          $296,000.00         $296,000.00         01/01/2001
 CROWLEY, MARK RICHARD                        11/01/2000           360                 Primary Residence   Purchase
 1201 SILVERTON WAY                           Standard             N                   12/01/2000          79.9948
 BRENTWOOD                  CA   94513-0000   $2,223.75            12/01/2030          DEC2000             $0.00

 60005834                        8.125        $511,000.00          $511,000.00         $511,000.00         01/01/2001
 YIP, PUI-CHUEN PATRICK                       11/02/2000           360                 Primary Residence   Refinance
 810 DEVONSHIRE WAY                           Standard             N                   12/01/2000          79.9687
 SUNNYVALE                  CA   94087-0000   $3,794.16            12/01/2030          DEC2000             $0.00

 60005923                        8.375        $290,000.00          $290,000.00         $290,000.00         01/01/2001
 CASE, AL B                                   11/10/2000           360                 Second Home         Purchase
 352 TERRACE STREET                           Standard             N                   12/01/2000          79.6703
 ASHLAND                    OR   97520-0000   $2,204.21            12/01/2030          DEC2000             $0.00
 60005924                        8.125        $382,450.00          $382,450.00         $382,450.00         01/01/2001
 SO, CHIN HO                                  11/10/2000           360                 Primary Residence   Purchase
 8981 DEL RIO CIRCLE                          Standard             N                   12/01/2000          79.9954
 GILROY                     CA   95020-0000   $2,839.68            12/01/2030          DEC2000             $0.00

 60005925                        7.875        $350,000.00          $350,000.00         $350,000.00         01/01/2001
 WALSH, SUSAN ANN                             11/07/2000           360                 Primary Residence   Purchase
 3976 RHONDA AVENUE                           Standard             N                   12/01/2000          73.6842
 OAKLAND                    CA   94602-0000   $2,537.74            12/01/2030          DEC2000             $0.00

 60005926                        8.250        $438,600.00          $438,600.00         $438,600.00         01/01/2001
 KUTSCHBACH, JOAN Z                           11/02/2000           360                 Primary Residence   Refinance
 10353 EQUESTRIAN DRIVE                       Standard             N                   12/01/2000          76.9474
 ELK GROVE                  CA   95624-0000   $3,295.06            12/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 60005926                        8.000        $345,000.00          $345,000.00         $345,000.00         01/01/2001
 LUGO, EDGAR E GOMEZ                          11/14/2000           360                 Primary Residence   Refinance
 4433 WATERBURY LANE                          Standard             N                   12/01/2000          71.875
 MARIETTA                   GA   30342-0000   $2,531.49            12/01/2030          DEC2000             $0.00
 60005927                        7.875        $325,000.00          $325,000.00         $325,000.00         01/01/2001
 KHOURY, CHARLOTTE D                          11/09/2000           360                 Primary Residence   Purchase
 15661 SUNBURST LANE                          Standard             N                   12/01/2000          79.2683
 HUNTINGTON BEACH           CA   92647-0000   $2,356.48            12/01/2030          DEC2000             $0.00

 60005928                        7.875        $485,900.00          $485,900.00         $485,900.00         01/01/2001
 RIESS, ERIC                                  11/08/2000           360                 Primary Residence   Purchase
 130 YORK AVENUE                              Standard             N                   12/01/2000          74.639
 KENSINGTON                 CA   94708-0000   $3,523.11            12/01/2030          DEC2000             $0.00

 60005929                        8.375        $346,000.00          $346,000.00         $346,000.00         01/01/2001
 ABREU-BUTRON, TAMMY                          11/15/2000           360                 Primary Residence   Refinance
 2116 IMWALLE COURT                           Standard             N                   12/01/2000          77.7528
 SAN JOSE                   CA   95131-0000   $2,629.85            12/01/2030          DEC2000             $0.00
 60005932                        8.000        $337,500.00          $337,500.00         $337,500.00         01/01/2001
 KIM, CHARLES WESLEY                          11/15/2000           360                 Primary Residence   Refinance
 2545 C STREET                                Standard             N                   12/01/2000          75
 SAN DIEGO                  CA   92102-0000   $2,476.46            12/01/2030          DEC2000             $0.00

 60005936                        8.250        $295,200.00          $295,200.00         $295,200.00         01/01/2001
 COLLINS, LINDA MARY                          11/07/2000           360                 Primary Residence   Purchase
 725 COLLIER DRIVE                            Standard             N                   12/01/2000          80
 DIXON                      CA   95620-0000   $2,217.74            12/01/2030          DEC2000             $0.00

 60005946                        8.250        $387,700.00          $387,700.00         $387,700.00         01/01/2001
 CHAN, EDWARD KM                              11/16/2000           360                 Primary Residence   Purchase
 4422 140TH AVENUE SE                         Standard             N                   12/01/2000          64.6167
 BELLEVUE                   WA   98006-0000   $2,912.66            12/01/2030          DEC2000             $0.00
 60005948                        8.125        $528,000.00          $528,000.00         $528,000.00         01/01/2001
 PARIEWSKI, MARTA E                           11/15/2000           360                 Primary Residence   Purchase
 1808 FRANKLIN CANYON DRIVE                   Standard             N                   12/01/2000          80
 LOS ANGELES                CA   90210-0000   $3,920.39            12/01/2030          DEC2000             $0.00

 65117379                        6.875        $295,000.00          $290,208.59         $290,208.59         07/01/1999
 KAHN, SCOTT A                                05/03/1999           360                 Primary Residence   Refinance
 5631 SELKIRK DRIVE                           Standard             N                   12/01/2000          78.2894
 HUNTINGTON BEACH           CA   92649-0000   $1,937.95            06/01/2029          DEC2000             $106.15

 65117871                        6.625        $595,000.00          $581,117.73         $581,117.73         07/01/1999
 HANSEN, LARS                                 05/19/1999           360                 Primary Residence   Refinance
 942 LINDA VISTA AVENUE                       Standard             N                   12/01/2000          70
 PASADENA                   CA   91103-0000   $3,809.86            06/01/2029          DEC2000             $3,976.15
 65209388                        8.125        $345,300.00          $344,846.71         $344,846.71         11/01/2000
 HAWK, DOUGLAS A                              09/25/2000           360                 Primary Residence   Purchase
 23101 MOUNTAIN PINE                          Standard             N                   12/01/2000          79.9978
 MISSION VIEJO              CA   92692-0000   $2,563.85            10/01/2030          DEC2000             $0.00

 65209723                        8.125        $270,000.00          $269,823.37         $269,823.37         12/01/2000
 VAKIL, BIJAL V                               10/09/2000           360                 Primary Residence   Purchase
 2708 SOUTH GEORGE LANE                       Standard             N                   12/01/2000          94.7368
 DIAMOND BAR                CA   91765-0000   $2,004.75            11/01/2030          DEC2000             $0.01

 65211321                        7.625        $344,000.00          $343,751.01         $343,751.01         12/01/2000
 MCBRIDE, STEPHEN M                           10/30/2000           360                 Primary Residence   Purchase
 7 STONY CREEK COURT                          Standard             N                   12/01/2000          80
 SHAMONG                    NJ   08088-0000   $2,434.82            11/01/2030          DEC2000             $0.00
 65214409                        8.750        $311,250.00          $310,319.04         $310,319.04         09/01/2000
 ACKERMAN, ARNOLD                             07/10/2000           360                 Primary Residence   Refinance
 346 HILL-RAY  AVE                            Standard             N                   12/01/2000          75
 WYCKOFF                    NJ   07481-0000   $2,448.61            08/01/2030          DEC2000             $206.77

 65214773                        8.125        $380,000.00          $379,501.17         $379,501.17         11/01/2000
 FREIA, JOSEPH T                              09/26/2000           360                 Primary Residence   Purchase
 6034 HALM AVENUE                             Standard             N                   12/01/2000          80
 LOS ANGELES                CA   90056-0000   $2,821.49            10/01/2030          DEC2000             $0.00

 65215111                        7.875        $359,000.00          $358,504.26         $358,752.94         11/01/2000
 SANDOVAL, JOSEPH J                           09/15/2000           360                 Primary Residence   Purchase
 11 EAGLEPOINT                                Standard             N                   11/01/2000          79.9555
 ALISO VIEJO AREA           CA   92656-0000   $2,603.00            10/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 65216745                        7.990        $386,400.00          $386,139.78         $386,139.78         12/01/2000
 LERSKA, BARBARA A                            10/27/2000           360                 Primary Residence   Purchase
 427 MANILA AVENUE                            Standard             N                   12/01/2000          80
 LONG BEACH                 CA   90814-0000   $2,832.58            11/01/2030          DEC2000             $0.42
 65216898                        7.750        $310,000.00          $309,560.99         $309,560.99         11/01/2000
 SOBEL, RHONDA R                              09/29/2000           360                 Primary Residence   Purchase
 3 NEW HARBOR DR                              Standard             N                   12/01/2000          57.6744
 EATONS NECK                NY   11768-0000   $2,220.88            10/01/2030          DEC2000             $0.00

 65217571                        8.125        $348,000.00          $347,510.85         $347,510.85         11/01/2000
 SCANLON, MICHAEL W                           09/11/2000           360                 Primary Residence   Purchase
 41488 LUZ DEL SOL                            Standard             N                   12/01/2000          80
 TEMECULA                   CA   92591-0000   $2,583.90            10/01/2030          DEC2000             $32.31

 65217744                        8.250        $300,000.00          $299,422.06         $299,422.06         10/01/2000
 HUDSON, DOUGLAS P                            08/09/2000           360                 Primary Residence   Purchase
 101 LONGVIEW AVENUE                          Standard             N                   12/01/2000          80
 WHITE PLAINS               NY   10605-0000   $2,253.80            09/01/2030          DEC2000             $0.09
 65218499                        8.000        $346,000.00          $345,534.13         $345,767.84         11/01/2000
 NORMAN, SCOTT M                              09/20/2000           360                 Primary Residence   Purchase
 6080 VAN HORN LANE                           Standard             N                   11/01/2000          79.3618
 FRISCO                     TX   75034-0000   $2,538.83            10/01/2030          DEC2000             $0.00

 65218543                        8.125        $277,592.00          $277,410.41         $277,410.41         12/01/2000
 FREDA, KELLY A                               10/06/2000           360                 Primary Residence   Purchase
 8 ETHAN ALLEN COURT                          Standard             N                   12/01/2000          80
 SOUTH SETAUKET             NY   11720-0000   $2,061.12            11/01/2030          DEC2000             $0.00

 65220648                        7.875        $360,000.00          $359,752.25         $359,752.25         12/01/2000
 LOPER, JAMES L                               10/29/2000           360                 Primary Residence   Purchase
 2575 LAS LUNAS STREET                        Standard             N                   12/01/2000          80
 PASADENA                   CA   91107-0000   $2,610.25            11/01/2030          DEC2000             $0.00
 65220670                        8.125        $276,800.00          $276,436.63         $276,436.63         11/01/2000
 TRIEU, THAI W                                09/13/2000           360                 Primary Residence   Refinance
 7835 EAST MARGARET COURT                     Standard             N                   12/01/2000          80
 ANAHEIM                    CA   92807-0000   $2,055.24            10/01/2030          DEC2000             $0.00

 65220737                        8.250        $386,447.00          $386,447.00         $386,200.57         01/01/2001
 ALEXANDER, KAREN                             11/02/2000           360                 Primary Residence   Purchase
 1635 FAIRWAY DRIVE                           Standard             N                   01/01/2001          89.9059
 CORONA                     CA   92883-0000   $2,903.25            12/01/2030          DEC2000             $0.00

 65221155                        8.250        $275,000.00          $271,612.28         $271,612.28         10/01/2000
 CAMPBELL, KEVIN W                            08/10/2000           240                 Primary Residence   Refinance
 265 MIDDLESEX AVENUE                         Standard             N                   12/01/2000          68.75
 METUCHEN                   NJ   08840-0000   $2,343.19            09/01/2020          DEC2000             $2,020.67
 65221267                        8.375        $775,000.00          $774,033.22         $774,033.22         11/01/2000
 BINGHAM, JOHN J                              09/19/2000           360                 Primary Residence   Refinance
 16722 BOLLINGER DRIVE                        Standard             N                   12/01/2000          58.4906
 LOS ANGELES                CA   90272-0000   $5,890.56            10/01/2030          DEC2000             $0.01

 65221612                        7.990        $333,000.00          $332,776.10         $332,776.10         12/01/2000
 BRADY, NICHOLAS A                            10/23/2000           360                 Primary Residence   Refinance
 6 TALON COURT                                Standard             N                   12/01/2000          79.2857
 SEWELL                     NJ   08080-0000   $2,441.12            11/01/2030          DEC2000             $0.01

 65221646                        8.250        $319,200.00          $318,791.50         $318,791.50         11/01/2000
 HEADLEY, PERRY B                             09/29/2000           360                 Primary Residence   Purchase
 4223 DURAN COURT                             Standard             N                   12/01/2000          79.8
 DUBLIN                     CA   94568-0000   $2,398.05            10/01/2030          DEC2000             $0.00
 65221662                        7.625        $252,700.00          $252,517.10         $252,517.10         12/01/2000
 BATES, JOHN P                                10/01/2000           360                 Primary Residence   Purchase
 26 COPPERSTONE LANE                          Standard             N                   12/01/2000          71.6898
 MISSION VIEJO              CA   92692-0000   $1,788.60            11/01/2030          DEC2000             $0.00

 65222406                        7.990        $354,700.00          $354,461.51         $354,461.51         12/01/2000
 YUDA, JIANG                                  10/23/2000           360                 Primary Residence   Purchase
 321 SHIPWATCH LANE                           Standard             N                   12/01/2000          79.978
 HERCULES                   CA   94547-0000   $2,600.20            11/01/2030          DEC2000             $0.00

 65222505                        7.875        $271,800.00          $271,800.00         $271,800.00         01/01/2001
 SLAUGHTER, C M                               11/09/2000           360                 Primary Residence   Purchase
 20037 SQUIRE DRIVE                           Standard             N                   12/01/2000          90
 COVINA AREA                CA   91724-0000   $1,970.74            12/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 65222561                        8.625        $281,200.00          $280,866.76         $280,866.76         11/01/2000
 ZINGERMAN, HENRY                             09/21/2000           360                 Investment          Purchase
 3665 TILDEN AVENUE                           Standard             N                   12/01/2000          74.9867
 LOS ANGELES                CA   90034-0000   $2,187.15            10/01/2030          DEC2000             $0.00
 65223175                        7.990        $372,000.00          $372,000.00         $372,000.00         01/01/2001
 TSUI, LING L                                 11/04/2000           360                 Primary Residence   Purchase
 7312 COUNTRY CLUB DRIVE                      Standard             N                   12/01/2000          77.5
 DOWNEY                     CA   90240-0000   $2,727.02            12/01/2030          DEC2000             $0.00

 65223850                        8.375        $264,000.00          $263,835.90         $263,835.90         12/01/2000
 WRIGHT, DAVID D                              10/16/2000           360                 Second Home         Purchase
 105 B NORTH RUBICON CIRCLE                   Standard             N                   12/01/2000          80
 STATELINE                  NV   89448-0000   $2,006.60            11/01/2030          DEC2000             $0.00

 65224273                        8.125        $315,000.00          $314,586.49         $314,586.49         11/01/2000
 FREYTAG, DANIEL J                            09/15/2000           360                 Second Home         Purchase
 391 SOUTH SHORE ACRES RD                     Standard             N                   12/01/2000          90
 OLD FORGE                  NY   13420-0000   $2,338.87            10/01/2030          DEC2000             $0.00
 65224586                        7.990        $304,000.00          $304,000.00         $304,000.00         01/01/2001
 LAPORTE, ROBERT J                            11/03/2000           360                 Primary Residence   Refinance
 3351 NORTH CALLE DE CATALINA                 Standard             N                   12/01/2000          80
 TUCSON                     AZ   85749-0000   $2,228.53            12/01/2030          DEC2000             $0.00

 65224666                        8.125        $312,000.00          $311,590.42         $311,590.42         11/01/2000
 FEINBERG, LARRY B                            09/25/2000           360                 Primary Residence   Purchase
 2885 NORTH MARIETTA CIRCLE                   Standard             N                   12/01/2000          80
 CITY OF THOUSAND OA        CA   91360-0000   $2,316.60            10/01/2030          DEC2000             $0.00

 65225085                        8.125        $296,000.00          $295,806.37         $295,806.37         12/01/2000
 HUANG, VICTOR W                              10/02/2000           360                 Primary Residence   Purchase
 452 SIERRA COURT BLOCK 135 LOT               Standard             N                   12/01/2000          80
 MAHWAH                     NJ   07430-0000   $2,197.80            11/01/2030          DEC2000             $0.00
 65225179                        8.125        $395,000.00          $393,129.10         $393,129.10         11/01/2000
 CHANG-BROWN, MARLENE C                       09/22/2000           360                 Primary Residence   Refinance
 3321 N SHARY ROAD                            Standard             N                   12/01/2000          73.8318
 MISSION                    TX   78572-0000   $2,932.87            10/01/2030          DEC2000             $1,352.37

 65225553                        7.990        $348,000.00          $347,668.51         $347,432.32         12/01/2000
 SUHLER, PAUL                                 10/24/2000           360                 Primary Residence   Purchase
 469 ABBIE WAY                                Standard             N                   01/01/2001          80
 COSTA MESA                 CA   92627-0000   $2,551.08            11/01/2030          DEC2000             $97.51

 65225676                        8.125        $606,000.00          $605,204.48         $605,204.48         11/01/2000
 JAMES, RONALD L                              09/05/2000           360                 Primary Residence   Refinance
 1655 LOGAN CREEK DRIVE                       Standard             N                   12/01/2000          39.0968
 GLENBROOK                  NV   89413-0000   $4,499.54            10/01/2030          DEC2000             $0.01
 65225962                        8.125        $164,500.00          $164,284.05         $164,284.05         11/01/2000
 RODRIGUEZ, NURIA                             09/26/2000           360                 Primary Residence   Purchase
 2204 PEYTON AVENUE AND 1957 PAR              Stated Income        N                   12/01/2000          70
 BURBANK                    CA   91504-0000   $1,221.41            10/01/2030          DEC2000             $0.01

 65226067                        8.125        $294,000.00          $293,614.04         $293,614.04         11/01/2000
 BENDER, EDWARD B                             09/27/2000           360                 Primary Residence   Refinance
 5302 TROWBRIDGE DRIVE                        Standard             N                   12/01/2000          74.4304
 DUNWOODY                   GA   30338-0000   $2,182.95            10/01/2030          DEC2000             $0.01

 65226131                        7.990        $264,800.00          $264,621.96         $264,800.00         12/01/2000
 GOULD, DAVID                                 10/26/2000           360                 Primary Residence   Purchase
 294 BURNT MILL ROAD                          Standard             N                   11/01/2000          80
 LAKE ARROWHEAD             CA   92352-0000   $1,941.17            11/01/2030          DEC2000             $0.00
 65226250                        7.750        $410,000.00          $409,710.62         $409,710.62         12/01/2000
 BROWNSTEIN, ELLEN                            10/19/2000           360                 Primary Residence   Purchase
 518 HOLLOWELL AVENUE                         Standard             N                   12/01/2000          67.7686
 HERMOSA BEACH              CA   90254-0000   $2,937.30            11/01/2030          DEC2000             $0.00

 65226434                        7.875        $398,200.00          $397,650.12         $397,650.12         11/01/2000
 KNOX, DON J                                  09/20/2000           360                 Primary Residence   Purchase
 1754 ORIOLE COURT                            Standard             N                   12/01/2000          79.9921
 CARLSBAD                   CA   92009-0000   $2,887.23            10/01/2030          DEC2000             $0.00

 65226499                        7.990        $344,000.00          $343,768.71         $344,000.00         12/01/2000
 REICHBACH, CARY N                            10/20/2000           360                 Primary Residence   Purchase
 2500 NW 23 ST                                Standard             N                   11/01/2000          80
 BOCA RATON                 FL   33434-0000   $2,521.76            11/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 65226528                        8.375        $276,000.00          $275,655.70         $275,655.70         11/01/2000
 HICKTON, GEORGENE G                          09/14/2000           360                 Primary Residence   Refinance
 17712 NE 189TH STREET                        Standard             N                   12/01/2000          89.6104
 BRUSH PRAIRIE              WA   98606-0000   $2,097.80            10/01/2030          DEC2000             $0.00
 65226843                        8.250        $546,000.00          $545,301.27         $545,301.27         11/01/2000
 HOFFMAN, ERIC W                              09/23/2000           360                 Primary Residence   Refinance
 101 MAYWOOD ROAD                             Standard             N                   12/01/2000          72.8
 NORWALK                    CT   06850-0000   $4,101.92            10/01/2030          DEC2000             $0.00

 65226978                        8.125        $300,000.00          $299,803.75         $299,803.75         12/01/2000
 RUIZ, STAN J                                 10/04/2000           360                 Primary Residence   Purchase
 317 N BROADWAY UNIT #9                       Standard             N                   12/01/2000          80
 REDONDO BEACH              CA   90277-0000   $2,227.50            11/01/2030          DEC2000             $0.00

 65227304                        8.250        $607,000.00          $605,340.57         $605,340.57         11/01/2000
 CANTY, JAMES M                               09/06/2000           360                 Primary Residence   Refinance
 5 FOXHOLLOW                                  Standard             N                   12/01/2000          79.8684
 RANCHO SANTA MARGAR        CA   92679-0000   $4,560.19            10/01/2030          DEC2000             $882.64
 65227733                        7.990        $303,500.00          $303,295.93         $303,500.00         12/01/2000
 SCHNEE, BARRY J                              10/26/2000           360                 Primary Residence   Refinance
 367 CATSKILL CT                              Standard             N                   11/01/2000          78.8312
 MAHWAH                     NJ   07430-0000   $2,224.87            11/01/2030          DEC2000             $0.00

 65227948                        8.125        $303,000.00          $302,602.24         $302,602.24         11/01/2000
 SMALLS, ELBERT C                             09/26/2000           360                 Primary Residence   Refinance
 49 PIERSON DR                                Standard             N                   12/01/2000          74.8148
 HOCKESSIN                  DE   19707-0000   $2,249.77            10/01/2030          DEC2000             $0.00

 65228055                        8.125        $274,000.00          $273,820.76         $273,820.76         12/01/2000
 KOMAROV, DIMITRI                             10/04/2000           360                 Primary Residence   Purchase
 11755 MONTANA AVENUE #206                    Standard             N                   12/01/2000          76.3231
 LOS ANGELES                CA   90049-0000   $2,034.45            11/01/2030          DEC2000             $0.00
 65228153                        8.125        $265,500.00          $265,151.46         $265,151.46         11/01/2000
 HERGET, JOHN J                               09/20/2000           360                 Primary Residence   Refinance
 196 TOTOKET ROAD                             Standard             N                   12/01/2000          66.375
 BRANFORD                   CT   06405-0000   $1,971.34            10/01/2030          DEC2000             $0.00

 65228176                        8.500        $400,000.00          $399,513.63         $399,513.63         11/01/2000
 PIKE, DANIEL W                               09/18/2000           360                 Primary Residence   Refinance
 31183 KAHWEA ROAD                            Standard             N                   12/01/2000          71.4286
 TEMECULA                   CA   92591-0000   $3,075.66            10/01/2030          DEC2000             $0.00

 65228188                        8.125        $402,500.00          $402,236.70         $402,236.70         12/01/2000
 ARCHER, ROBERT J                             10/20/2000           360                 Primary Residence   Refinance
 212 PINELYNN ROAD                            Standard             N                   12/01/2000          70
 GLEN ROCK                  NJ   07452-0000   $2,988.56            11/01/2030          DEC2000             $0.00
 65228231                        8.125        $340,000.00          $339,553.66         $339,553.66         11/01/2000
 OVADIA, ROBERT J                             09/21/2000           360                 Primary Residence   Purchase
 1741 NASH DRIVE                              Standard             N                   12/01/2000          80
 SAN MATEO                  CA   94401-0000   $2,524.50            10/01/2030          DEC2000             $0.00

 65228299                        8.125        $295,000.00          $294,612.75         $294,612.75         11/01/2000
 RHEINECK, THOMAS H                           09/20/2000           360                 Primary Residence   Refinance
 15813 HIGHVIEW DRIVE                         Standard             N                   12/01/2000          74.6835
 APPLE VALLEY               MN   55124-0000   $2,190.37            10/01/2030          DEC2000             $0.00

 65228330                        8.375        $145,500.00          $145,318.49         $145,409.56         11/01/2000
 KAPELCZAK, YVONNE C                          09/07/2000           360                 Primary Residence   Refinance
 1065 VIA ALEGRE DRIVE                        Stated Income        N                   11/01/2000          58.2
 RAMONA                     CA   92065-0000   $1,105.91            10/01/2030          DEC2000             $0.00
 65228342                        8.125        $282,000.00          $281,814.96         $281,814.96         12/01/2000
 BEVILACQUA, VINCE E                          10/03/2000           360                 Primary Residence   Refinance
 31037 FAIRCLIFF STREET                       Standard             N                   12/01/2000          78.3333
 HAYWARD                    CA   94544-0000   $2,093.85            11/01/2030          DEC2000             $0.57

 65228506                        7.990        $400,000.00          $399,731.05         $399,731.05         12/01/2000
 PIEGA, OVIDIO S                              10/22/2000           360                 Primary Residence   Purchase
 4261 CALLAN BOULEVARD                        Standard             N                   12/01/2000          89.8876
 DALY CITY                  CA   94015-0000   $2,932.28            11/01/2030          DEC2000             $0.00

 65228508                        8.125        $285,750.00          $285,563.08         $285,563.08         12/01/2000
 ORSI, THOMAS W                               10/18/2000           360                 Primary Residence   Refinance
 7907 HANNUM AVENUE                           Standard             N                   12/01/2000          75
 CULVER CITY                CA   90230-0000   $2,121.69            11/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 65228557                        8.125        $344,400.00          $343,947.88         $343,947.88         11/01/2000
 TEMOV, JAKOV V                               09/26/2000           360                 Primary Residence   Refinance
 35807 SALVADOR COURT                         Standard             N                   12/01/2000          79.1724
 FREMONT                    CA   94536-0000   $2,557.17            10/01/2030          DEC2000             $0.00
 65228723                        8.125        $322,000.00          $321,789.36         $321,789.36         12/01/2000
 NELSON, IVAN J                               10/25/2000           360                 Primary Residence   Refinance
 21101 PONDEROSA                              Standard             N                   12/01/2000          88.2192
 MISSION VIEJO              CA   92692-0000   $2,390.85            11/01/2030          DEC2000             $0.00

 65228756                        7.990        $305,600.00          $305,394.53         $305,394.53         12/01/2000
 JONES, KEITH M                               10/25/2000           360                 Primary Residence   Purchase
 4354 JASMINE AVE                             Standard             N                   12/01/2000          80
 CULVER CITY                CA   90232-0000   $2,240.26            11/01/2030          DEC2000             $0.00

 65228835                        8.000        $292,500.00          $292,106.15         $292,106.15         11/01/2000
 HUNT, THOMAS D                               09/19/2000           360                 Primary Residence   Refinance
 1677 RANCHO JUDITH                           Standard             N                   12/01/2000          75
 ALPINE                     CA   91901-0000   $2,146.27            10/01/2030          DEC2000             $0.00
 65228969                        8.000        $338,750.00          $338,293.89         $338,293.89         11/01/2000
 LUM, JOHN F                                  09/29/2000           360                 Primary Residence   Purchase
 3925 EMERALD STREET                          Standard             N                   12/01/2000          79.9882
 TORRANCE                   CA   90505-0000   $2,485.63            10/01/2030          DEC2000             $0.00

 65229034                        7.750        $244,000.00          $243,827.78         $243,827.78         12/01/2000
 WRAY GIVEN, SHEILA L                         10/12/2000           360                 Primary Residence   Purchase
 30850 OAKRIM DRIVE                           Standard             N                   12/01/2000          80
 WESTLAKE VILLAGE           CA   91362-0000   $1,748.05            11/01/2030          DEC2000             $0.00

 65229126                        7.990        $360,000.00          $359,397.00         $359,397.00         12/01/2000
 MANNAVA, SRINIVAS                            10/24/2000           360                 Primary Residence   Refinance
 3376 DEVILS HOLE RD                          Standard             N                   12/01/2000          78.5169
 CRESCO                     PA   18326-0000   $2,639.05            11/01/2030          DEC2000             $360.95
 65229266                        7.990        $293,900.00          $293,900.00         $293,900.00         01/01/2001
 CASTELLANA, GIACOMO                          11/07/2000           360                 Primary Residence   Refinance
 21162 ELDER CREEK DRIVE                      Standard             N                   12/01/2000          94.8064
 SANTA CLARITA              CA   91350-0000   $2,154.49            12/01/2030          DEC2000             $0.00

 65229274                        8.625        $394,300.00          $393,832.73         $393,832.73         11/01/2000
 POLESKI, JAMES M                             09/18/2000           360                 Primary Residence   Refinance
 1586 PALISADES DRIVE NO 25                   Standard             N                   12/01/2000          74.678
 PACIFIC PALISADES A        CA   90272-0000   $3,066.83            10/01/2030          DEC2000             $0.00

 65229316                        7.875        $300,000.00          $299,793.54         $299,793.54         12/01/2000
 CLECKLER, DAMON M                            10/10/2000           360                 Primary Residence   Purchase
 1026 SOUTH OAK FOREST LANE                   Standard             N                   12/01/2000          80
 PASADENA AREA              CA   91107-0000   $2,175.21            11/01/2030          DEC2000             $0.00
 65229405                        8.500        $265,000.00          $264,677.77         $264,677.77         11/01/2000
 AXENE, MITCHELL W                            09/25/2000           360                 Primary Residence   Refinance
 2 WOODSPRING                                 Standard             N                   12/01/2000          79.1045
 IRVINE                     CA   92604-0000   $2,037.63            10/01/2030          DEC2000             $0.00

 65229451                        7.990        $500,000.00          $500,000.00         $500,000.00         01/01/2001
 INGHER LOMBINO, CAROL B                      11/14/2000           360                 Primary Residence   Purchase
 121 BLACKBERRY DRIVE                         Standard             N                   12/01/2000          74.6269
 STAMFORD                   CT   06903-0000   $3,665.34            12/01/2030          DEC2000             $0.00

 65229521                        7.625        $485,000.00          $484,295.71         $484,295.71         11/01/2000
 REYES, RALPH E                               09/29/2000           360                 Primary Residence   Refinance
 1520 FAWN VALLEY LANE                        Standard             N                   12/01/2000          63.8158
 GLENDORA                   CA   91740-0000   $3,432.80            10/01/2030          DEC2000             $0.00
 65229567                        8.125        $412,000.00          $411,730.49         $411,730.49         12/01/2000
 HIGGINS, BARBARA                             10/25/2000           360                 Primary Residence   Purchase
 10050 MOORPARK STREET                        Standard             N                   12/01/2000          80
 TOLUCA LAKE                CA   91602-0000   $3,059.09            11/01/2030          DEC2000             $0.00

 65229632                        7.875        $417,850.00          $417,850.00         $417,850.00         01/01/2001
 SELZNICK, MARK D                             11/09/2000           360                 Primary Residence   Refinance
 1195 TOPEKA STREET                           Standard             N                   12/01/2000          78.1028
 PASADENA                   CA   91104-0000   $3,029.71            12/01/2030          DEC2000             $0.00

 65229662                        8.125        $270,000.00          $269,823.37         $269,823.37         12/01/2000
 TUCKER, BRIAN E                              10/11/2000           360                 Primary Residence   Refinance
 323 MIRAMAR AVENUE                           Standard             N                   12/01/2000          85.443
 CLAREMONT                  CA   91711-0000   $2,004.75            11/01/2030          DEC2000             $0.01

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 65229817                        8.125        $480,000.00          $479,686.01         $479,686.01         12/01/2000
 LANDAU, MERRYLEE                             10/12/2000           360                 Primary Residence   Purchase
 1880 ARROWHEAD DRIVE                         Standard             N                   12/01/2000          80
 OAKLAND                    CA   94611-0000   $3,563.99            11/01/2030          DEC2000             $0.00
 65229841                        8.125        $304,000.00          $303,801.06         $303,801.06         12/01/2000
 BRADY, DAVID B                               10/05/2000           360                 Primary Residence   Refinance
 32444 JOYCE WAY                              Standard             N                   12/01/2000          84.4444
 UNION CITY                 CA   94587-0000   $2,257.20            11/01/2030          DEC2000             $0.07

 65229863                        8.000        $306,400.00          $306,194.41         $306,194.41         12/01/2000
 WARNER, JOSEPH E                             10/13/2000           360                 Primary Residence   Purchase
 219 VIA MALAGA                               Standard             N                   12/01/2000          79.9958
 SAN CLEMENTE               CA   92673-0000   $2,248.26            11/01/2030          DEC2000             $0.00

 65229946                        8.125        $460,000.00          $459,699.09         $459,699.09         12/01/2000
 MUTHUKRISHNAN, CHELLAPPA                     10/14/2000           360                 Primary Residence   Refinance
 19701 BUCKEYE MEADOW LANE                    Standard             N                   12/01/2000          79.3103
 NORTHRIDGE                 CA   91326-0000   $3,415.49            11/01/2030          DEC2000             $0.00
 65230009                        7.990        $279,000.00          $278,812.42         $279,000.00         12/01/2000
 SWEENEY, DAVID A                             10/23/2000           360                 Primary Residence   Refinance
 20 GLORIA LANE                               Standard             N                   11/01/2000          55.8
 HUNTINGTON                 NY   11743-0000   $2,045.26            11/01/2030          DEC2000             $0.00

 65230113                        8.500        $300,000.00          $299,541.30         $299,541.30         11/01/2000
 ZUBIZARRETA, GABRIEL                         09/25/2000           360                 Primary Residence   Refinance
 3331 BENTON STREET                           Standard             N                   12/01/2000          80
 SANTA CLARA                CA   95051-0000   $2,306.75            10/01/2030          DEC2000             $93.91

 65230132                        8.125        $260,000.00          $259,829.92         $259,829.92         12/01/2000
 BOWER, KEITH D                               10/13/2000           360                 Primary Residence   Purchase
 19119 SOUTHEAST 45TH STREET                  Standard             N                   12/01/2000          80
 ISSAQUAH                   WA   98027-0000   $1,930.50            11/01/2030          DEC2000             $0.00
 65230253                        8.125        $272,000.00          $271,822.07         $271,822.07         12/01/2000
 O'NEILL, BERNARD F                           10/04/2000           360                 Primary Residence   Refinance
 75577 DESERT HORIZONS DRIVE                  Standard             N                   12/01/2000          76.6197
 INDIAN WELLS               CA   92210-0000   $2,019.60            11/01/2030          DEC2000             $0.00

 65230293                        8.500        $376,800.00          $376,571.73         $376,571.73         12/01/2000
 DUTRA, EDWARD P                              10/20/2000           360                 Primary Residence   Refinance
 3161 ADAMSWOOD DRIVE                         Standard             N                   12/01/2000          68.5091
 SAN JOSE                   CA   95148-0000   $2,897.27            11/01/2030          DEC2000             $0.00

 65230472                        8.500        $350,100.00          $349,887.90         $349,887.90         12/01/2000
 TAYLOR, PETER B                              10/06/2000           360                 Primary Residence   Purchase
 910 JASMINE STREET                           Standard             N                   12/01/2000          90
 CELEBRATION                FL   34747-0000   $2,691.97            11/01/2030          DEC2000             $0.01
 65230568                        7.750        $340,000.00          $340,000.00         $340,000.00         01/01/2001
 AZAR, WALID A                                11/03/2000           360                 Primary Residence   Purchase
 18761 WINNWOOD LANE                          Standard             N                   12/01/2000          80
 SANTA ANA AREA             CA   92705-0000   $2,435.81            12/01/2030          DEC2000             $0.00

 65230585                        8.125        $284,000.00          $283,814.22         $283,814.22         12/01/2000
 MANDEVILLE, THEODORE                         10/13/2000           360                 Primary Residence   Purchase
 325 NORTH CHESTNUT STREET                    Standard             N                   12/01/2000          80
 WESTFIELD                  NJ   07090-0000   $2,108.70            11/01/2030          DEC2000             $0.00

 65230679                        8.125        $315,000.00          $314,632.81         $314,632.81         12/01/2000
 O'BRIEN, THOMAS M                            10/06/2000           360                 Primary Residence   Refinance
 1835 WEST ROAD                               Standard             N                   12/01/2000          61.7647
 LA HABRA HEIGHTS AR        CA   90631-0000   $2,338.87            11/01/2030          DEC2000             $161.13
 65230720                        8.125        $355,500.00          $355,267.45         $355,267.45         12/01/2000
 DAGERMAN, THOMAS                             10/23/2000           360                 Primary Residence   Purchase
 2932 SILVERWOOD DRIVE                        Standard             N                   12/01/2000          90
 LOS ALAMITOS               CA   90720-0000   $2,639.58            11/01/2030          DEC2000             $0.00

 65230865                        7.990        $282,400.00          $282,210.12         $282,210.12         12/01/2000
 ZUBE, ROBERT W                               10/30/2000           360                 Primary Residence   Purchase
 41W536 HUNTERS HILL DRIVE                    Standard             N                   12/01/2000          80
 SAINT CHARLES              IL   60175-0000   $2,070.19            11/01/2030          DEC2000             $0.00

 65230976                        7.500        $292,000.00          $292,000.00         $292,000.00         01/01/2001
 TRIVEDI, SHRIKANT                            11/13/2000           360                 Second Home         Purchase
 1663 BRADDOCK COURT                          Standard             N                   12/01/2000          80
 SAN JOSE                   CA   95050-0000   $2,041.71            12/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 65230997                        7.990        $363,000.00          $362,755.93         $362,755.93         12/01/2000
 HIRSCHBEIN, ALLAN S                          10/26/2000           360                 Primary Residence   Refinance
 2957 LA TRAVESIA                             Standard             N                   12/01/2000          74.8454
 FULLERTON                  CA   92835-0000   $2,661.04            11/01/2030          DEC2000             $0.01
 65231017                        8.125        $300,000.00          $299,731.25         $299,731.25         12/01/2000
 ESCHAUZIER, PETER G                          10/23/2000           360                 Primary Residence   Refinance
 1530 SANDPIPER STREET                        Standard             N                   12/01/2000          70.5882
 NAPLES                     FL   34102-0000   $2,227.50            11/01/2030          DEC2000             $72.50

 65231024                        8.125        $638,000.00          $637,582.65         $637,582.65         12/01/2000
 DAUM, DAVID                                  10/07/2000           360                 Primary Residence   Refinance
 5800 ST VRAIN ROAD                           Standard             N                   12/01/2000          29
 LONGMONT                   CO   80503-0000   $4,737.14            11/01/2030          DEC2000             $0.00

 65231034                        7.500        $520,000.00          $519,614.08         $520,000.00         12/01/2000
 PASTOR, MIGUEL                               10/16/2000           360                 Primary Residence   Refinance
 4377 PASEO SANTA FE                          Standard             N                   11/01/2000          68.4211
 THOUSAND OAKS              CA   91320-0000   $3,635.92            11/01/2030          DEC2000             $0.00
 65231056                        8.000        $368,000.00          $367,753.07         $367,753.07         12/01/2000
 GONZALEZ, ANTHONY D                          10/26/2000           360                 Primary Residence   Purchase
 3616 BRAVATA DRIVE                           Standard             N                   12/01/2000          80
 HUNTINGTON BEACH           CA   92649-0000   $2,700.26            11/01/2030          DEC2000             $0.00

 65231393                        7.750        $357,600.00          $357,600.00         $357,600.00         01/01/2001
 SOMMER, CHRISTOPHER G                        11/10/2000           360                 Primary Residence   Purchase
 8542 MASTERS DRIVE                           Standard             N                   12/01/2000          80
 HUNTINGTON BEACH           CA   92646-0000   $2,561.90            12/01/2030          DEC2000             $0.00

 65231412                        8.500        $353,600.00          $353,385.79         $353,385.79         12/01/2000
 BERRY, JOHN S                                10/13/2000           360                 Primary Residence   Refinance
 2245 SUNSET CREST DRIVE                      Standard             N                   12/01/2000          54.4
 LOS ANGELES                CA   90046-0000   $2,718.88            11/01/2030          DEC2000             $0.00
 65231695                        8.125        $350,000.00          $349,769.79         $349,769.79         12/01/2000
 COKER, JACK L                                10/05/2000           360                 Primary Residence   Refinance
 1980 WHITECLIFF WAY                          Standard             N                   12/01/2000          49.2958
 WALNUT CREEK               CA   94596-0000   $2,598.75            11/01/2030          DEC2000             $1.25

 65231939                        8.375        $480,000.00          $479,701.65         $479,701.65         12/01/2000
 LEVAN, HENRY U                               10/17/2000           360                 Primary Residence   Refinance
 43925 ROSEMERE DRIVE                         Standard             N                   12/01/2000          54.5455
 FREMONT                    CA   94539-0000   $3,648.35            11/01/2030          DEC2000             $0.00

 65231942                        8.375        $304,000.00          $304,000.00         $304,000.00         01/01/2001
 MATHEW, RANJAN J                             11/11/2000           360                 Investment          Refinance
 569 PARK MEADOW DRIVE                        Standard             N                   12/01/2000          52.8696
 SAN JOSE                   CA   95129-0000   $2,310.62            12/01/2030          DEC2000             $0.00
 65232087                        7.990        $310,000.00          $310,000.00         $310,000.00         01/01/2001
 PANETTO, FREDERICK                           11/05/2000           360                 Primary Residence   Refinance
 555 IVY AVENUE                               Standard             N                   12/01/2000          60.1942
 HAWORTH                    NJ   07641-0000   $2,272.51            12/01/2030          DEC2000             $0.00

 65232090                        7.990        $280,000.00          $279,811.74         $279,811.74         12/01/2000
 DEVRIES, BARRY A                             10/27/2000           360                 Primary Residence   Purchase
 4316 LEAVELLE STREET                         Standard             N                   12/01/2000          80
 OLYMPIA                    WA   98502-0000   $2,052.59            11/01/2030          DEC2000             $0.00

 65232149                        7.990        $452,000.00          $452,000.00         $452,000.00         01/01/2001
 HUYNH, KHA K                                 11/01/2000           360                 Primary Residence   Purchase
 5028 CARMEN STREET                           Standard             N                   12/01/2000          80
 TORRANCE                   CA   90503-0000   $3,313.47            12/01/2030          DEC2000             $0.00
 65232260                        7.875        $650,000.00          $649,552.67         $649,552.67         12/01/2000
 KRAMER, STEVEN DAVID                         10/31/2000           360                 Primary Residence   Purchase
 23355 MODOC COURT                            Standard             N                   12/01/2000          70.6522
 PERRIS                     CA   92501-0000   $4,712.96            11/01/2030          DEC2000             ($0.01)

 65232303                        7.990        $290,000.00          $289,805.02         $289,805.02         12/01/2000
 MCKENDRY, STEVE M                            10/17/2000           360                 Primary Residence   Refinance
 8562 SANDY HOOK DRIVE                        Standard             N                   12/01/2000          74.9354
 HUNTINGTON BEACH           CA   92646-0000   $2,125.90            11/01/2030          DEC2000             $0.00

 65232353                        7.875        $289,000.00          $288,801.10         $289,000.00         12/01/2000
 BERK, JEFFREY S                              10/22/2000           360                 Primary Residence   Refinance
 12920 POMARD WAY                             Standard             N                   11/01/2000          77.0667
 POWAY                      CA   92064-0000   $2,095.46            11/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 65232390                        8.125        $311,200.00          $310,996.42         $310,996.42         12/01/2000
 PATEL, BIPIN L                               10/24/2000           360                 Primary Residence   Refinance
 3101 DIAMOND VIEW STREET                     Standard             N                   12/01/2000          74.988
 CORONA                     CA   92882-0000   $2,310.66            11/01/2030          DEC2000             $0.00
 65232407                        7.875        $365,000.00          $365,000.00         $365,000.00         01/01/2001
 LEE, DAYTON                                  11/01/2000           360                 Primary Residence   Purchase
 3816 JASON CIRCLE                            Standard             N                   12/01/2000          70.8738
 TORRANCE                   CA   90505-0000   $2,646.51            12/01/2030          DEC2000             $0.00

 65232426                        7.990        $399,200.00          $399,200.00         $399,200.00         01/01/2001
 DOYLE, JANICE BUNDY                          11/10/2000           360                 Primary Residence   Purchase
 1494 PALISADES DRIVE                         Standard             N                   12/01/2000          80
 PACIFIC PALISADES          CA   90272-0000   $2,926.41            12/01/2030          DEC2000             $0.00

 65232517                        8.500        $278,000.00          $277,831.59         $277,831.59         12/01/2000
 WILCOX, G C                                  10/16/2000           360                 Primary Residence   Refinance
 1379 CANDELERO DRIVE                         Standard             N                   12/01/2000          78.3099
 WALNUT CREEK               CA   94598-0000   $2,137.58            11/01/2030          DEC2000             $0.00
 65232605                        7.625        $209,600.00          $209,600.00         $209,600.00         01/01/2001
 GUTTERIDGE, JOHN L                           11/01/2000           360                 Primary Residence   Purchase
 3039 CLUB HOUSE CIRCLE                       Standard             N                   12/01/2000          80
 COSTA MESA                 CA   92627-0000   $1,483.54            12/01/2030          DEC2000             $0.00

 65232933                        7.875        $286,000.00          $286,000.00         $286,000.00         01/01/2001
 BIENICK, PAUL                                11/15/2000           360                 Primary Residence   Purchase
 4681 SWEETMEADOW CIRCLE                      Standard             N                   12/01/2000          80
 SARASOTA                   FL   34238-0000   $2,073.70            12/01/2030          DEC2000             $0.00

 65232950                        7.990        $310,000.00          $310,000.00         $309,791.57         01/01/2001
 GHANEM, BASSEM                               11/08/2000           360                 Primary Residence   Purchase
 8725 EAST FALLBROOK WAY                      Standard             N                   01/01/2001          80
 ANAHEIM                    CA   92808-0000   $2,272.51            12/01/2030          DEC2000             $0.00
 65232990                        7.875        $439,000.00          $439,000.00         $439,000.00         01/01/2001
 ZIMMERMAN, JAMES L                           11/06/2000           360                 Primary Residence   Refinance
 33 ROSS STREET                               Standard             N                   12/01/2000          64.0876
 SAN RAFAEL                 CA   94901-0000   $3,183.06            12/01/2030          DEC2000             $0.00

 65233076                        7.990        $323,400.00          $323,182.55         $323,182.55         12/01/2000
 MOSKOW, NEAL L                               10/24/2000           360                 Primary Residence   Refinance
 4 SARAH BISHOP ROAD                          Standard             N                   12/01/2000          76.0941
 RIDGEFIELD                 CT   06877-0000   $2,370.75            11/01/2030          DEC2000             $0.01

 65233141                        7.875        $390,000.00          $389,731.60         $389,731.60         12/01/2000
 HARRINGTON, MICHAEL A                        10/25/2000           360                 Primary Residence   Refinance
 41797 GREEN TREE ROAD                        Standard             N                   12/01/2000          69.0266
 TEMECULA                   CA   92592-0000   $2,827.78            11/01/2030          DEC2000             ($0.01)
 65233210                        7.990        $300,000.00          $299,798.29         $299,798.29         12/01/2000
 WOLGAT, MAUREEN M                            10/26/2000           360                 Primary Residence   Refinance
 2379 JANE LANE                               Standard             N                   12/01/2000          56.0748
 MOUNTAIN VIEW              CA   94043-0000   $2,199.21            11/01/2030          DEC2000             $0.00

 65233257                        8.375        $333,000.00          $333,000.00         $333,000.00         01/01/2001
 KOZAK, ROLAND J                              11/06/2000           360                 Primary Residence   Refinance
 12705 FIELDCREEK LANE                        Standard             N                   12/01/2000          74.8315
 RENO                       NV   89501-0000   $2,531.05            12/01/2030          DEC2000             $0.00

 65233346                        7.875        $300,000.00          $300,000.00         $300,000.00         01/01/2001
 CANTRELL, STEVEN D                           11/03/2000           360                 Primary Residence   Refinance
 3903 MARRON AVENUE BIXBY KNOLL               Standard             N                   12/01/2000          93.75
 LONG BEACH                 CA   90807-0000   $2,175.21            12/01/2030          DEC2000             $0.00
 65233361                        7.990        $350,000.00          $350,000.00         $350,000.00         01/01/2001
 RODRIGUEZ, HECTOR C                          11/16/2000           360                 Primary Residence   Refinance
 1903 PARKDALE PLACE                          Standard             N                   12/01/2000          72.9167
 LA CANADA FLINTRIDG        CA   91011-0000   $2,565.74            12/01/2030          DEC2000             $0.00

 65233401                        7.875        $340,000.00          $339,766.01         $339,766.01         12/01/2000
 LEE, JONATHAN J                              10/25/2000           360                 Primary Residence   Refinance
 12146 BEAUFAIT  AVENUE                       Standard             N                   12/01/2000          68
 NORTHRIDGE                 CA   91326-0000   $2,465.24            11/01/2030          DEC2000             $0.00

 65233510                        7.875        $330,000.00          $329,694.59         $329,694.59         12/01/2000
 ZELL, CHRISTOPHER                            10/23/2000           360                 Primary Residence   Refinance
 36 VIA ANDORRA                               Standard             N                   12/01/2000          83.5443
 COTO DE CAZA AREA          CA   92679-0000   $2,392.73            11/01/2030          DEC2000             $78.30

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 65233662                        7.990        $284,000.00          $284,000.00         $284,000.00         01/01/2001
 PAYNE, JEFFREY                               11/09/2000           360                 Primary Residence   Refinance
 8070 SONOMA HIGHWAY                          Standard             N                   12/01/2000          64.3991
 KENWOOD                    CA   95452-0000   $2,081.92            12/01/2030          DEC2000             $0.00
 65233800                        8.250        $431,000.00          $431,000.00         $431,000.00         01/01/2001
 ATHAVALE, GOVIND V                           11/01/2000           360                 Primary Residence   Refinance
 1084 TILLER LANE                             Standard             N                   12/01/2000          67.3438
 FOSTER CITY                CA   94404-0000   $3,237.96            12/01/2030          DEC2000             $0.00

 65233975                        8.000        $270,000.00          $269,300.00         $269,300.00         12/01/2000
 PIEROPAN, KEVIN C                            10/26/2000           360                 Primary Residence   Refinance
 25 SAINT JOHN                                Standard             N                   12/01/2000          63.5294
 DANA POINT                 CA   92629-0000   $1,981.17            11/01/2030          DEC2000             $518.83

 65234583                        7.990        $325,000.00          $325,000.00         $325,000.00         01/01/2001
 KHAN, ABDUL W                                11/06/2000           360                 Primary Residence   Refinance
 778 CANYON ROAD                              Standard             N                   12/01/2000          39.1095
 REDWOOD CITY               CA   94062-0000   $2,382.47            12/01/2030          DEC2000             $0.00
 65234776                        7.875        $375,000.00          $375,000.00         $375,000.00         01/01/2001
 MCCUNE, CAROLYN A                            11/02/2000           360                 Primary Residence   Refinance
 1500 EAST OCEAN BOULEVARD #415               Standard             N                   12/01/2000          88.2353
 LONG BEACH                 CA   90802-0000   $2,719.02            12/01/2030          DEC2000             $0.00

 65234944                        7.875        $320,000.00          $320,000.00         $320,000.00         01/01/2001
 PECK, JUDY E                                 11/10/2000           360                 Primary Residence   Refinance
 5169 SHAFTER AVENUE                          Standard             N                   12/01/2000          80
 OAKLAND                    CA   94618-0000   $2,320.23            12/01/2030          DEC2000             $0.00

 65235575                        7.990        $307,000.00          $307,000.00         $307,000.00         01/01/2001
 JOHNS, BERVIC B                              11/17/2000           360                 Primary Residence   Refinance
 590 RED RIVER CIRCLE                         Standard             N                   12/01/2000          78.7179
 WALNUT                     CA   91789-0000   $2,250.52            12/01/2030          DEC2000             $0.00
 65235941                        7.990        $350,000.00          $350,000.00         $350,000.00         01/01/2001
 JANUS, DEBORAH M                             11/13/2000           360                 Primary Residence   Purchase
 9451 CANDLEWOOD DRIVE                        Standard             N                   12/01/2000          80
 HUNTINGTON BEACH           CA   92646-0000   $2,565.74            12/01/2030          DEC2000             $0.00

 65236861                        7.875        $370,000.00          $370,000.00         $370,000.00         01/01/2001
 GILMER, BRADFORD R                           11/21/2000           360                 Primary Residence   Refinance
 2333 VINA DEL MAR                            Standard             N                   12/01/2000          72.549
 OXNARD                     CA   93035-0000   $2,682.76            12/01/2030          DEC2000             $0.00

 68500948                        7.990        $332,000.00          $331,776.78         $332,000.00         12/01/2000
 GEISER, JOSEPH C                             10/27/2000           360                 Primary Residence   Purchase
 1433 KINGS WOOD RD                           Standard             N                   11/01/2000          80
 SAINT PAUL                 MN   55122-0000   $2,433.79            11/01/2030          DEC2000             $0.00
 68501113                        8.125        $315,000.00          $314,480.07         $314,480.07         11/01/2000
 BRISCOE, GILBERT A                           09/29/2000           360                 Primary Residence   Purchase
 3000 DARIEN LANE                             Standard             N                   12/01/2000          90
 TWINSBURG                  OH   44087-0000   $2,338.87            10/01/2030          DEC2000             $106.42

 68501163                        8.250        $360,000.00          $360,000.00         $360,000.00         01/01/2001
 SIMON, GILLIAN                               11/09/2000           360                 Primary Residence   Purchase
 47 SEASIDE AVENUE                            Standard             N                   12/01/2000          80
 MONTAUK                    NY   11954-0000   $2,704.56            12/01/2030          DEC2000             $0.00

 68501242                        8.125        $261,155.00          $260,812.18         $260,812.18         11/01/2000
 JACKSON, BARTON                              09/28/2000           360                 Primary Residence   Purchase
 2353 PALOMIRA COURT                          Standard             N                   12/01/2000          95
 CHULA VISTA                CA   91915-0000   $1,939.07            10/01/2030          DEC2000             $0.00
 68501270                        7.990        $556,000.00          $555,626.17         $555,626.17         12/01/2000
 MAUTZ, KARL E                                10/31/2000           360                 Primary Residence   Purchase
 2306 WOODWAY                                 Standard             N                   12/01/2000          80
 NORTH ROUND ROCK           TX   78681-0000   $4,075.86            11/01/2030          DEC2000             $0.00

 68501304                        8.125        $500,000.00          $499,672.93         $500,000.00         12/01/2000
 PERGOLA, CARL W                              10/13/2000           360                 Primary Residence   Purchase
 35 HIGHVIEW DRIVE                            Standard             N                   11/01/2000          76.9231
 HUNTINGTON                 NY   11743-0000   $3,712.49            11/01/2030          DEC2000             $0.00

 68501471                        8.250        $403,300.00          $403,300.00         $403,300.00         01/01/2001
 PETERSON, NICK C                             11/10/2000           360                 Primary Residence   Purchase
 14080 TURNBERRY CT                           Standard             N                   12/01/2000          79.9887
 BROOMFIELD                 CO   80020-0000   $3,029.86            12/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 68501619                        8.125        $256,000.00          $255,663.93         $255,663.93         11/01/2000
 PEARSON, WILLIAM E                           09/23/2000           360                 Primary Residence   Refinance
 3649 ALICIA WAY                              Standard             N                   12/01/2000          80
 CHINO                      CA   91710-0000   $1,900.80            10/01/2030          DEC2000             $0.00
 68501836                        8.125        $414,400.00          $413,856.01         $413,856.01         11/01/2000
 KUO, HARNG SHEN                              09/25/2000           360                 Primary Residence   Purchase
 4225 FOXFORD WAY                             Standard             N                   12/01/2000          79.8665
 DUBLIN                     CA   94568-0000   $3,076.91            10/01/2030          DEC2000             $0.00

 68501848                        8.125        $312,000.00          $312,000.00         $312,000.00         01/01/2001
 GAROOGIAN, NEIL                              11/17/2000           360                 Primary Residence   Purchase
 1440 84TH STREET                             Standard             N                   12/01/2000          80
 BROOKLYN                   NY   11204-0000   $2,316.60            12/01/2030          DEC2000             $0.00

 68501938                        7.875        $296,000.00          $295,696.29         $295,696.29         12/01/2000
 BAKER, STEVEN J                              10/12/2000           360                 Primary Residence   Purchase
 11 OAK LANE EAST                             Standard             N                   12/01/2000          80
 SCARSDALE                  NY   10583-0000   $2,146.21            11/01/2030          DEC2000             $100.00
 68501977                        8.125        $519,000.00          $518,318.68         $518,318.68         11/01/2000
 KLEIN, JAMES R                               09/25/2000           360                 Primary Residence   Purchase
 51 FOREST AVENUE UNIT 42                     Standard             N                   12/01/2000          79.9692
 OLD GREENWICH              CT   06870-0000   $3,853.57            10/01/2030          DEC2000             $0.01

 68502022                        8.125        $357,000.00          $356,531.36         $356,531.36         11/01/2000
 MARTIN, THOMAS A                             09/22/2000           360                 Primary Residence   Refinance
 512 REDLANDS AVENUE                          Standard             N                   12/01/2000          79.6875
 CLAREMONT                  CA   91711-0000   $2,650.72            10/01/2030          DEC2000             ($0.01)

 68502025                        8.250        $388,000.00          $187,752.58         $187,752.58         12/01/2000
 CAPONE, CHARLES L                            10/03/2000           360                 Primary Residence   Purchase
 216 COCASSET STREET                          Standard             N                   12/01/2000          79.9176
 FOXBORO                    MA   02035-0000   $2,914.92            11/01/2030          DEC2000             $200,000.00
 68502028                        7.990        $372,900.00          $372,645.12         $372,645.12         12/01/2000
 MCINTEE, EVA M                               10/24/2000           360                 Primary Residence   Purchase
 55 KEMPTON LANE                              Standard             N                   12/01/2000          89.9986
 LADERA RANCH               CA   92694-0000   $2,733.61            11/01/2030          DEC2000             $4.16

 68502181                        8.000        $448,000.00          $447,499.40         $447,499.40         12/01/2000
 DALIVA, CONRADA S                            10/04/2000           360                 Primary Residence   Refinance
 2106 WARWICK LANE                            Standard             N                   12/01/2000          71.1111
 GLENVIEW                   IL   60025-0000   $3,287.27            11/01/2030          DEC2000             $200.00

 68502191                        8.125        $274,800.00          $273,511.01         $273,511.01         11/01/2000
 SCHROEDER, JOSEPH P                          09/15/2000           360                 Primary Residence   Purchase
 805 STAGE RUN TRAIL                          Standard             N                   12/01/2000          80
 ELIZABETH                  CO   80107-0000   $2,040.39            10/01/2030          DEC2000             $928.24
 68502259                        8.125        $410,000.00          $409,676.04         $409,676.04         12/01/2000
 MARZULLO, RAYMOND L                          10/05/2000           360                 Primary Residence   Refinance
 8063 W MERCER WAY                            Standard             N                   12/01/2000          46.8571
 MERCER ISLAND              WA   98040-0000   $3,044.24            11/01/2030          DEC2000             $55.76

 68502259                        8.125        $275,000.00          $274,820.11         $274,820.11         12/01/2000
 WI, SOORA                                    10/02/2000           360                 Primary Residence   Refinance
 10 VAN CLEAVE WAY                            Standard             N                   12/01/2000          68.75
 OAKLAND                    CA   94619-0000   $2,041.87            11/01/2030          DEC2000             $0.00

 68502299                        7.990        $650,000.00          $649,562.98         $649,123.05         12/01/2000
 MORRISON, CAROLYN                            10/26/2000           360                 Primary Residence   Purchase
 13697 INDIAN PEAK TRAIL                      Standard             N                   01/01/2001          79.7546
 POWAY                      CA   92064-0000   $4,764.94            11/01/2030          DEC2000             ($0.01)
 68502326                        7.990        $326,200.00          $326,200.00         $326,200.00         01/01/2001
 BURK, L STEVE                                11/03/2000           360                 Primary Residence   Purchase
 13872 BASSMORE DRIVE                         Standard             N                   12/01/2000          89.9862
 SAN DIEGO                  CA   92128-0000   $2,391.27            12/01/2030          DEC2000             $0.00

 68502355                        8.125        $380,000.00          $379,501.17         $379,751.43         11/01/2000
 COLLINS, GREGORY W                           09/24/2000           360                 Primary Residence   Refinance
 7532 LAKESHORE DRIVE                         Standard             N                   11/01/2000          50
 GRANITE BAY                CA   95746-0000   $2,821.49            10/01/2030          DEC2000             $0.00

 68502385                        8.125        $623,000.00          $622,182.18         $622,182.18         11/01/2000
 SINGH, JOGINDER                              09/25/2000           360                 Primary Residence   Refinance
 4431 NORTHSIDE CHASE DRIVE                   Standard             N                   12/01/2000          57.156
 ATLANTA                    GA   30327-0000   $4,625.76            10/01/2030          DEC2000             $0.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 68502407                        8.125        $300,000.00          $299,803.75         $299,803.75         12/01/2000
 SARRAF, JAMAL                                10/05/2000           360                 Primary Residence   Refinance
 7 FULTON                                     Standard             N                   12/01/2000          75
 IRVINE                     CA   92620-0000   $2,227.50            11/01/2030          DEC2000             $0.00
 68502427                        7.875        $297,400.00          $296,989.31         $296,989.31         11/01/2000
 MAZON, JOSEPH G                              09/25/2000           360                 Primary Residence   Refinance
 16 WINCHESTER DRIVE                          Standard             N                   12/01/2000          75.8673
 WASHINGTON TOWNSHIP        NJ   07830-0000   $2,156.36            10/01/2030          DEC2000             $0.00

 68502487                        8.125        $375,000.00          $374,754.69         $374,754.69         12/01/2000
 AZANGER, RICHARD                             10/20/2000           360                 Primary Residence   Purchase
 23760 SPY GLASS HILL NORTH                   Standard             N                   12/01/2000          79.0757
 SOUTH LYON                 MI   48178-0000   $2,784.37            11/01/2030          DEC2000             $0.00

 68502494                        8.125        $304,000.00          $303,801.13         $304,000.00         12/01/2000
 CUNNINGHAM, CAREN A                          10/31/2000           360                 Primary Residence   Purchase
 71 MANN LOT ROAD                             Standard             N                   11/01/2000          80
 SCITUATE                   MA   02066-0000   $2,257.20            11/01/2030          DEC2000             $0.00
 68502500                        8.125        $273,200.00          $272,769.38         $272,769.38         11/01/2000
 SIMMS, JAMES A                               09/22/2000           360                 Primary Residence   Refinance
 33268 SELBY WAY                              Standard             N                   12/01/2000          65.0476
 EUGENE                     OR   97408-0000   $2,028.51            10/01/2030          DEC2000             $71.97

 68502505                        8.125        $300,000.00          $299,803.75         $299,803.75         12/01/2000
 CHUA, VALENTINO                              10/05/2000           360                 Primary Residence   Refinance
 178 COLONIA RD                               Standard             N                   12/01/2000          76.9231
 COLONIA                    NJ   07067-0000   $2,227.50            11/01/2030          DEC2000             $0.00

 68502514                        8.125        $268,800.00          $268,624.16         $268,624.16         12/01/2000
 KORY, MICHAEL J                              10/17/2000           360                 Second Home         Purchase
 1083 BANGOR LANE                             Standard             N                   12/01/2000          80
 VENTURA                    CA   93001-0000   $1,995.84            11/01/2030          DEC2000             $0.00
 68502529                        8.125        $495,000.00          $494,350.17         $494,676.17         11/01/2000
 NORTHEND, CHARLES E                          09/25/2000           360                 Primary Residence   Refinance
 1871 MCDANIEL AVENUE                         Standard             N                   11/01/2000          52.1053
 SAN JOSE                   CA   95126-0000   $3,675.37            10/01/2030          DEC2000             $0.02

 68502536                        7.990        $290,000.00          $289,805.02         $289,805.02         12/01/2000
 YOUNG, AARON M                               10/30/2000           360                 Primary Residence   Purchase
 4 STONEHENGE ROAD                            Standard             N                   12/01/2000          80
 MILLINGTON                 NJ   07946-0000   $2,125.90            11/01/2030          DEC2000             $0.00

 68502649                        8.125        $294,000.00          $293,807.67         $293,807.67         12/01/2000
 BERRIOS, GLORIA M                            10/25/2000           360                 Primary Residence   Purchase
 8719 GREY OAK AVENUE                         Standard             N                   12/01/2000          79.8913
 SARASOTA                   FL   34238-0000   $2,182.95            11/01/2030          DEC2000             $0.01
 68502660                        7.990        $385,000.00          $384,741.14         $384,741.14         12/01/2000
 BELMONT, MARY LOU A                          10/20/2000           360                 Primary Residence   Refinance
 1107 BARNEGAT LANE                           Standard             N                   12/01/2000          60.1563
 MANTOLOKING                NJ   08738-0000   $2,822.32            11/01/2030          DEC2000             $0.00

 68502681                        7.500        $364,000.00          $364,000.00         $364,000.00         01/01/2001
 DAVIS, JOSEPH N                              11/02/2000           360                 Primary Residence   Purchase
 9 CAVALIER                                   Standard             N                   12/01/2000          80
 LAGUNA NIGUEL              CA   92677-0000   $2,545.15            12/01/2030          DEC2000             $0.00

 68502696                        8.125        $278,500.00          $278,317.82         $278,317.82         12/01/2000
 LILYEA, FRANCINE                             10/27/2000           360                 Primary Residence   Purchase
 5059 PALMERA DRIVE                           Standard             N                   12/01/2000          79.9139
 OCEANSIDE                  CA   92056-0000   $2,067.86            11/01/2030          DEC2000             $0.00
 68502750                        8.125        $284,000.00          $283,814.22         $283,814.22         12/01/2000
 DUONG, BORANN                                10/23/2000           360                 Primary Residence   Purchase
 10326 PONDEROSA STREET                       Standard             N                   12/01/2000          80
 BELLFLOWER                 CA   90706-0000   $2,108.70            11/01/2030          DEC2000             $0.00

 68502756                        7.990        $555,000.00          $555,000.00         $555,000.00         01/01/2001
 DETERS, JOHN F                               11/07/2000           360                 Primary Residence   Purchase
 1315-1317 CORNISH DRIVE                      Standard             N                   12/01/2000          75
 ENCINITAS                  CA   92024-0000   $4,068.53            12/01/2030          DEC2000             $0.00

 68502813                        8.625        $336,500.00          $336,101.32         $336,101.32         12/01/2000
 BRADLEY, BRUCE E                             10/26/2000           360                 Primary Residence   Refinance
 837 BERKSHIRE RD                             Standard             N                   12/01/2000          43.7013
 GROSSE POINTE              MI   48230-0000   $2,617.27            11/01/2030          DEC2000             $200.00

 Loan ID                         Rate         Orig Amount          Issue Date Bal      Current UPB         First Pay Date
 Borrower Name                                Note Date            Orig Term           Occupancy           Purpose
 Street Address                               Processing Style     Buydown Ind         Paid to Date        LTV
 City                     State  Zip          P & I                Maturity Date       Issue Date          Unsched Pmnts

 68502880                        7.990        $326,250.00          $326,250.00         $326,250.00         01/01/2001
 TORRES, JESS J                               11/09/2000           360                 Primary Residence   Refinance
 4841 NICOLE COURT                            Standard             N                   12/01/2000          75
 SAN JOSE                   CA   95111-0000   $2,391.64            12/01/2030          DEC2000             $0.00
 68502888                        7.990        $300,000.00          $299,798.29         $299,798.29         12/01/2000
 SPIEZIO, JAMES M                             10/25/2000           360                 Primary Residence   Refinance
 56 WOODLAND DRIVE                            Standard             N                   12/01/2000          72.2892
 LUNENBURG                  MA   01462-0000   $2,199.21            11/01/2030          DEC2000             $0.00

 68502910                        8.500        $281,200.00          $281,200.00         $281,200.00         01/01/2001
 BAUTISTA, FRANCISCO                          11/01/2000           360                 Primary Residence   Refinance
 305 S CANADA ST                              Standard             N                   12/01/2000          74.9867
 SANTA BARBARA              CA   93103-0000   $2,162.19            12/01/2030          DEC2000             $0.00

 68502915                        7.990        $403,000.00          $403,000.00         $403,000.00         01/01/2001
 KAM, EDWARD O                                11/10/2000           360                 Primary Residence   Refinance
 851 BOAR CIRCLE                              Standard             N                   12/01/2000          40.3
 FREMONT                    CA   94539-0000   $2,954.27            12/01/2030          DEC2000             $0.00
 68502973                        7.990        $398,000.00          $397,732.41         $397,732.41         12/01/2000
 YANKELEVITZ, KENNETH S                       10/26/2000           360                 Primary Residence   Refinance
 3039 EAST 2ND STREET                         Standard             N                   12/01/2000          72.3636
 LONG BEACH                 CA   90803-0000   $2,917.61            11/01/2030          DEC2000             $0.00

 68503043                        7.990        $375,000.00          $375,000.00         $375,000.00         01/01/2001
 SANDZA, JOSEPH G                             11/13/2000           360                 Primary Residence   Refinance
 12319 IRONSTONE ROAD                         Standard             N                   12/01/2000          57.6923
 DES PERES                  MO   63131-0000   $2,749.01            12/01/2030          DEC2000             $0.00

 68503056                        8.500        $338,400.00          $338,400.00         $338,400.00         01/01/2001
 BINDER, MICHEAL H                            11/15/2000           360                 Primary Residence   Purchase
 8 CHERRY TREE DRIVE                          Standard             N                   12/01/2000          80
 NORTON                     MA   02766-0000   $2,602.01            12/01/2030          DEC2000             $0.00
 68503079                        8.375        $650,000.00          $649,595.99         $649,595.99         12/01/2000
 CONSTANTIN, GEORGE T                         10/26/2000           360                 Primary Residence   Refinance
 101 WALWORTH AVENUE                          Standard             N                   12/01/2000          68.4211
 SCARSDALE                  NY   10583-0000   $4,940.47            11/01/2030          DEC2000             $0.00

 70200046                        8.375        $304,000.00          $304,000.00         $304,000.00         01/01/2001
 FINN, CHERI                                  11/01/2000           360                 Primary Residence   Purchase
 36 TEAL DRIVE                                Standard             N                   12/01/2000          80
 LANGHORNE                  PA   19047-0000   $2,310.62            12/01/2030          DEC2000             $0.00

 70200049                        8.375        $296,000.00          $295,816.02         $295,816.02         12/01/2000
 CAVANAUGH, MICHAEL B                         10/12/2000           360                 Primary Residence   Purchase
 4195 LESLIE LANE                             Standard             N                   12/01/2000          80
 DOYLESTOWN                 PA   18901-0000   $2,249.81            11/01/2030          DEC2000             $0.00
 70200052                        8.125        $415,920.00          $415,647.93         $415,647.93         12/01/2000
 VILLARREAL, MARIA D                          10/25/2000           360                 Primary Residence   Purchase
 9645 AUTRY FALLS DRIVE                       Standard             N                   12/01/2000          80
 ALPHARETTA                 GA   30022-0000   $3,088.19            11/01/2030          DEC2000             $0.01

 70200054                        8.375        $300,000.00          $299,425.06         $299,425.06         11/01/2000
 MOODIE, ALAN W                               09/27/2000           360                 Primary Residence   Purchase
 5168 RIVERHILL RD                            Standard             N                   12/01/2000          93.75
 MARIETTA                   GA   30068-0000   $2,280.22            10/01/2030          DEC2000             $200.70

 70200064                        8.500        $286,200.00          $286,026.62         $286,026.62         12/01/2000
 FOSTER, SCOTT G                              10/27/2000           360                 Primary Residence   Purchase
 403 RIGHTERS MILL ROAD                       Standard             N                   12/01/2000          90
 GLADWYNE                   PA   19035-1455   $2,200.63            11/01/2030          DEC2000             $0.00
 70200074                        7.625        $496,000.00          $496,000.00         $496,000.00         01/01/2001
 LAMBERT, JEROLD C                            11/01/2000           360                 Primary Residence   Purchase
 148 LADUE FARM COURT                         Standard             N                   12/01/2000          80
 CHESTERFIELD               MO   63141-0000   $3,510.66            12/01/2030          DEC2000             $0.00

 70200078                        7.500        $364,400.00          $364,400.00         $364,400.00         01/01/2001
 RAJCZI, THERESA A                            11/10/2000           360                 Primary Residence   Purchase
 919 CONTINENTAL DRIVE                        Standard             N                   12/01/2000          89.9753
 WEST CHESTER               PA   19380-0000   $2,547.94            12/01/2030          DEC2000             $0.00

</TABLE>

<PAGE>

<PAGE>

                                    EXHIBIT F

                           FORM OF REQUEST FOR RELEASE

To:     Escrow Bank USA
        100 Witmer Road
        Horsham, Pennsylvania 19044
        Attn:  [__________]

          Re:  Custodial  Agreement  dated as of December  21, 2000 by and among
               GMAC  Mortgage  Corporation,   as  Servicer,   Wells  Fargo  Bank
               Minnesota, N.A., as Trustee and Escrow Bank USA, as Custodian

               In connection with the  administration of the Mortgage Loans held
by you, as Custodian,  pursuant to the above-captioned  Custodial Agreement,  we
request the release, and hereby acknowledge receipt, of the Custodian's Mortgage
File for the  Mortgage  Loan  described  below,  for the reason  indicated.  All
amounts  received or to be received in connection  with the liquidation or other
termination  of or the payment in full and the  termination of the Mortgage Loan
described  below that are required to be  deposited  pursuant to the Pooling and
Servicing  Agreement,  dated as of December 21, 2000,  among  Residential  Asset
Mortgage Products,  Inc., the Servicer and the Trustee,  have been or will be so
deposited.

Mortgage Loan Number:

Mortgagor Name, Address & Zip Code:

Reasons for Requesting Documents (check one):

 ___1.       Mortgage Paid in Full

___ 2.       Foreclosure

___ 3.       Substitution

___ 4.       Other Liquidation

___ 5.       Non-liquidation

                                     By: _____________________________
                                            (authorized signer)

                                     Servicer: _______________________

                                     Address: ________________________

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

                                     Date: ___________________________
[Custodian?]

                                        F-1

<PAGE>

                                   EXHIBIT G-1

                    FORM OF TRANSFER AFFIDAVIT AND AGREEMENT

STATE OF                         )
                                 )    ss.:
COUNTY OF                        )

               [NAME OF OFFICER], being first duly sworn, deposes and says:

1. That he is [Title of Officer] of [Name of Owner] (record or beneficial  owner
of the GMACM Mortgage  Pass-Through  Certificates,  Series 2000-J6,  Class R-[ ]
(the  "Owner")),  a  [savings  institution]  [corporation]  duly  organized  and
existing under the laws of [the State of  _______________ ] [the United States],
on behalf of which he makes this affidavit and agreement.

2. That the Owner (i) is not and will not be a "disqualified organization" or an
electing  large  partnership  as of [date of  transfer]  within  the  meaning of
Sections 860E(e)(5) and 775, respectively, of the Internal Revenue Code of 1986,
as amended (the "Code") or an electing large partnership under Section 775(a) of
the Code,  (ii) will endeavor to remain other than a  disqualified  organization
for  so  long  as  it  retains  its  ownership  interest  in  the  Class  R-[  ]
Certificates,  and (iii) is acquiring the Class R-[ ]  Certificates  for its own
account  or for the  account of another  Owner  from  which it has  received  an
affidavit and  agreement in  substantially  the same form as this  affidavit and
agreement.  (For this purpose, a "disqualified  organization"  means an electing
large partnership under Section 775 of the Code, the United States, any state or
political  subdivision  thereof,  any  agency or  instrumentality  of any of the
foregoing  (other than an  instrumentality  all of the  activities  of which are
subject to tax and,  except for the Federal Home Loan  Mortgage  Corporation,  a
majority of whose board of directors  is not  selected by any such  governmental
entity) or any foreign government,  international  organization or any agency or
instrumentality of such foreign  government or organization,  any rural electric
or telephone  cooperative,  or any  organization  (other than  certain  farmers'
cooperatives)  that is  generally  exempt  from  federal  income tax unless such
organization is subject to the tax on unrelated business taxable income).

3. That the Owner is aware (i) of the tax that would be imposed on  transfers of
Class  R-[ ]  Certificates  to  disqualified  organizations  or  electing  large
partnerships,  under the Code,  that  applies  to all  transfers  of Class R-[ ]
Certificates after March 31, 1988; (ii) that such tax would be on the transferor
(or,  with  respect to transfers to electing  large  partnerships,  on each such
partnership),  or, if such transfer is through an agent (which person includes a
broker,  nominee or middleman)  for a disqualified  organization,  on the agent;
(iii) that the person  (other than with respect to  transfers to electing  large
partnerships)  otherwise  liable for the tax shall be relieved of liability  for
the tax if the  transferee  furnishes  to such  person  an  affidavit  that  the
transferee is not a disqualified organization and, at the time of transfer, such
person does not have actual knowledge that the affidavit is false; and (iv) that
the Class R-[ ] Certificates may be "noneconomic  residual interests" within the
meaning of Treasury  regulations  promulgated  pursuant to the Code and that the

                                        G-I-1

<PAGE>

transferor of a noneconomic  residual  interest will remain liable for any taxes
due with respect to the income on such residual interest,  unless no significant
purpose of the transfer was to impede the assessment or collection of tax.

4. That the Owner is aware of the tax imposed on a "pass-through entity" holding
Class R-[ ] Certificates if either the pass-through  entity is an electing large
partnership  under  Section 775 of the if at any time during the taxable year of
the pass-through  entity a disqualified  organization is the record holder of an
interest in such entity.  (For this purpose,  a "pass through entity" includes a
regulated  investment  company,  a real estate  investment trust or common trust
fund, a partnership, trust or estate, and certain cooperatives.)

5. The Owner is a citizen or  resident  of the  United  States,  a  corporation,
partnership  or other entity  created or organized in, or under the laws of, the
United  States or any  political  subdivision  thereof  (except in the case of a
partnership, to the extent provided in Treasury regulations),  or an estate that
is described in Section 7701(a)(30)(D) of the Code, or a trust that is described
in Section 7701(a)(30)(E) of the Code.

6. That the Owner is aware that the Trustee  will not  register  the transfer of
any Class R-[ ] Certificates  unless the transferee,  or the transferee's agent,
delivers to it an affidavit and agreement,  among other things, in substantially
the same form as this affidavit and agreement.  The Owner expressly  agrees that
it will not consummate any such transfer if it knows or believes that any of the
representations contained in such affidavit and agreement are false.

7. That the Owner has  reviewed  the  restrictions  set forth on the face of the
Class R-[ ] Certificates  and the  provisions of Section  5.02(f) of the Pooling
and Servicing Agreement under which the Class R-[ ] Certificates were issued (in
particular,  clause (iii)(A) and (iii)(B) of Section 5.02(f) which authorize the
Trustee to deliver  payments  to a person  other than the Owner and  negotiate a
mandatory sale by the Trustee in the event the Owner holds such  Certificates in
violation of Section 5.02(f)).  The Owner expressly agrees to be bound by and to
comply with such restrictions and provisions.

8. That the Owner consents to any additional  restrictions or arrangements  that
shall be deemed  necessary  upon advice of counsel to  constitute  a  reasonable
arrangement  to ensure  that the Class  R-[ ]  Certificates  will only be owned,
directly or indirectly, by an Owner that is not a disqualified organization.

9.      The Owner's Taxpayer Identification Number is _________________.

10. This  affidavit and agreement  relates only to the Class R-[ ]  Certificates
held by the Owner and not to any other  holder of the Class R-[ ]  Certificates.
The Owner  understands that the liabilities  described herein relate only to the
Class R-[ ] Certificates.

11. That no purpose of the Owner  relating  to the  transfer of any of the Class
R-[ ]  Certificates  by the  Owner is or will be to  impede  the  assessment  or
collection of any tax.

12.  That the Owner has no  present  knowledge  or  expectation  that it will be
unable  to  pay  any  United  States  taxes  owed  by it so  long  as any of the
Certificates remain outstanding.  In this regard, the Owner hereby represents to
and for the  benefit  of the  person  from  whom it  acquired  the  Class  R-[ ]

                                        G-I-2

<PAGE>

Certificate  that the Owner  intends to pay taxes  associated  with holding such
Class R-[ ]  Certificate  as they become due,  fully  understanding  that it may
incur tax  liabilities in excess of any cash flows  generated by the Class R-[ ]
Certificate.

13. That the Owner has no present  knowledge or expectation  that it will become
insolvent or subject to a bankruptcy  proceeding for so long as any of the Class
R-[ ] Certificates remain outstanding.

14. The  Purchaser is not an employee  benefit plan or other plan subject to the
prohibited transaction provisions of the Employee Retirement Income Security Act
of 1974, as amended  ("ERISA"),  or Section 4975 of the Internal Revenue Code of
1986, as amended (the "Code"),  or an investment  manager,  named fiduciary or a
trustee of any such plan, or any other Person acting, directly or indirectly, on
behalf of or purchasing any Certificate with "plan assets" of any such plan.

                                        G-I-3

<PAGE>

               IN WITNESS  WHEREOF,  the Owner has caused this  instrument to be
executed on its behalf,  pursuant to the authority of its Board of Directors, by
its [Title of Officer] and its corporate seal to be hereunto attached,  attested
by its [Assistant] Secretary, this 21st day of December, 2000.

                                            [NAME OF OWNER]

                                            By: __________________________
                                                 [Name of Officer]
                                                 [Title of Officer]
[Corporate Seal]

ATTEST:

_____________________________________
[Assistant] Secretary

               Personally  appeared before me the above-named [Name of Officer],
known  or  proved  to me to be  the  same  person  who  executed  the  foregoing
instrument and to be the [Title of Officer] of the Owner, and acknowledged to me
that he executed  the same as his free act and deed and the free act and deed of
the Owner.

               Subscribed and sworn before me this 21st day of December, 2000.

                                                 NOTARY PUBLIC

                                            COUNTY OF ______________________
                                            STATE OF _______________________
                                             My Commission  expires the ___ day
                                             of ______,20__.

                                        G-I-4
<PAGE>

                                   EXHIBIT G-2

                         FORM OF TRANSFEROR CERTIFICATE

                                             ________ , 20____

Residential Asset Mortgage Products, Inc.
8400 Normandale Lake Boulevard
Suite 600
Minneapolis, Minnesota  55437

Wells Fargo Bank Minnesota, N.A.
11000 Broken Land Parkway
Columbia, Maryland  21044

Attention:  Residential Asset Mortgage Products, Inc.,  Series 2000-J6

               Re:    GMACM Mortgage Pass-Through Certificates,
                      Series 2000-J6, Class R-[ ]]

Ladies and Gentlemen:

     This  letter  is  delivered  to you in  connection  with  the  transfer  by
______________________  (the "Seller") to ____________________ (the "Purchaser")
of  $________________  Initial  Certificate  Principal Balance of GMACM Mortgage
Pass-Through  Certificates,  Series 2000-J6,  Class R-[ ] (the  "Certificates"),
pursuant to Section 5.02 of the Pooling and  Servicing  Agreement  (the "Pooling
and Servicing Agreement"), dated as of December 21, 2000 among Residential Asset
Mortgage Products,  Inc., as seller (the "Company"),  GMAC Mortgage Corporation,
as servicer,  and Wells Fargo Bank Minnesota,  N.A., as trustee (the "Trustee").
All terms used herein and not  otherwise  defined  shall have the  meanings  set
forth in the Pooling  and  Servicing  Agreement.  The Seller  hereby  certifies,
represents  and warrants  to, and  covenants  with,  the Company and the Trustee
that:

1. No purpose of the Seller  relating to the transfer of the  Certificate by the
Seller to the Purchaser is or will be to impede the  assessment or collection of
any tax.

2. The Seller  understands  that the  Purchaser has delivered to the Trustee and
the Servicer a transfer  affidavit  and  agreement  in the form  attached to the
Pooling and  Servicing  Agreement  as Exhibit  G-1.  The Seller does not know or
believe that any representation contained therein is false.

3.  The  Seller  has  at  the  time  of  the  transfer  conducted  a  reasonable
investigation  of the financial  condition of the Purchaser as  contemplated  by
Treasury  Regulations  Section  1.860E-1(c)(4)(i)  and,  as  a  result  of  that
investigation,  the Seller has  determined  that the Purchaser has  historically
paid its debts as they  become  due and has  found no  significant  evidence  to
indicate  that the  Purchaser  will not continue to pay its debts as they become

                                        G-2-1

<PAGE>

due in the future.  The Seller  understands  that the  transfer of a Class R-[ ]
Certificate  may not be respected for United States income tax purposes (and the
Seller may  continue  to be liable for United  States  income  taxes  associated
therewith) unless the Seller has conducted such an investigation.

4. The Seller has no actual knowledge that the proposed Transferee is not both a
United States Person and a Permitted Transferee.

                                  Very truly yours,

                            _________________________________
                          (Seller)

                           By:
                              ----------------------------------------
                           Name:
                                --------------------------------------
                           Title:
                                 -------------------------------------

                                        G-2-2
<PAGE>

                                    EXHIBIT H

                     FORM OF INVESTOR REPRESENTATION LETTER

                                    ________________, 20____

Residential Asset Mortgage Products, Inc.
8400 Normandale Lake Boulevard
Suite 600
Minneapolis, Minnesota 55437

Wells Fargo Bank Minnesota, N.A.
11000 Broken Land Parkway
Columbia, Maryland  21044

GMAC Mortgage Corporation
100 Witmer Road
Horsham, Pennsylvania  19044

Attention:  Residential Asset Mortgage Products, Inc. Series 2000-J6

               RE:    GMACM Mortgage Pass-Through Certificates,
                      Series 2000-J6, [Class B-[ ]]

Ladies and Gentlemen:

     ________________    (the    "Purchaser")    intends   to   purchase    from
______________________  (the "Seller")  $_________________  Initial  Certificate
Principal Balance of GMACM Mortgage Pass-Through  Certificates,  Series 2000-J6,
Class  (the  "Certificates"),  issued  pursuant  to the  Pooling  and  Servicing
Agreement (the "Pooling and Servicing Agreement"), dated as of December 21, 2000
among Residential Asset Mortgage Products, Inc., as seller (the "Company"), GMAC
Mortgage Corporation, as Servicer (the "Servicer"),  and __________________,  as
trustee (the "Trustee").  All terms used herein and not otherwise  defined shall
have the  meanings  set  forth  in the  Pooling  and  Servicing  Agreement.  The
Purchaser hereby certifies,  represents and warrants to, and covenants with, the
Company, the Trustee and the Servicer that:

1.   The Purchaser  understands that (a) the Certificates have not been and will
     not be registered or qualified under the Securities Act of 1933, as amended
     (the "Act") or any state securities law, (b) the Company is not required to
     so register or qualify the Certificates, (c) the Certificates may be resold
     only if registered  and qualified  pursuant to the provisions of the Act or
     any state  securities  law, or if an exemption from such  registration  and
     qualification  is  available,  (d)  the  Pooling  and  Servicing  Agreement
     contains  restrictions  regarding the transfer of the  Certificates and (e)
     the Certificates will bear a legend to the foregoing effect.

                                        H-1

<PAGE>

2.   The  Purchaser  is  acquiring  the  Certificates  for its own  account  for
     investment  only and not with a view to or for sale in connection  with any
     distribution  thereof  in any  manner  that  would  violate  the Act or any
     applicable state securities laws.

3.   The Purchaser is (a) a substantial,  sophisticated  institutional  investor
     having such  knowledge and  experience  in financial and business  matters,
     and, in particular,  in such matters  related to securities  similar to the
     Certificates, such that it is capable of evaluating the merits and risks of
     investment in the Certificates, (b) able to bear the economic risks of such
     an investment and (c) an "accredited  investor"  within the meaning of Rule
     501(a) promulgated pursuant to the Act.

4.   The Purchaser has been furnished with, and has had an opportunity to review
     (a) a copy of the Private  Placement  Memorandum,  dated December 21, 2000,
     relating to the  Certificates  [(b)] a copy of the  Pooling  and  Servicing
     Agreement and [b] [c] such other  information  concerning the Certificates,
     the Mortgage  Loans and the Company as has been  requested by the Purchaser
     from the Company or the Seller and is relevant to the Purchaser's  decision
     to purchase the  Certificates.  The Purchaser has had any questions arising
     from such review answered by the Company or the Seller to the  satisfaction
     of the Purchaser.  [If the Purchaser did not purchase the Certificates from
     the Seller in connection with the initial  distribution of the Certificates
     and was  provided  with a copy of the  Private  Placement  Memorandum  (the
     "Memorandum")  relating to the original sale (the  "Original  Sale") of the
     Certificates  by  the  Company,   the  Purchaser   acknowledges  that  such
     Memorandum  was  provided  to it by the  Seller,  that the  Memorandum  was
     prepared by the Company solely for use in connection with the Original Sale
     and  the  Company  did  not  participate  in or  facilitate  in any way the
     purchase of the  Certificates  by the  Purchaser  from the Seller,  and the
     Purchaser  agrees  that it will look  solely to the  Seller  and not to the
     Company with respect to any damage, liability, claim or expense arising out
     of, resulting from or in connection with (a) error or omission,  or alleged
     error or omission,  contained in the  Memorandum,  or (b) any  information,
     development or event arising after the date of the Memorandum.]

5.   The  Purchaser  has not and  will  not  nor  has it  authorized  or will it
     authorize any person to (a) offer,  pledge,  sell,  dispose of or otherwise
     transfer  any  Certificate,  any interest in any  Certificate  or any other
     similar security to any person in any manner,  (b) solicit any offer to buy
     or to accept a pledge,  disposition of other  transfer of any  Certificate,
     any interest in any  Certificate  or any other  similar  security  from any
     person in any manner,  (c) otherwise  approach or negotiate with respect to
     any  Certificate,  any  interest in any  Certificate  or any other  similar
     security with any person in any manner,  (d) make any general  solicitation
     by means of  general  advertising  or in any  other  manner or (e) take any
     other action,  that (as to any of (a) through (e) above) would constitute a
     distribution  of any  Certificate  under the Act,  that  would  render  the
     disposition  of any  Certificate a violation of Section 5 of the Act or any

                                        H-2

<PAGE>

     state  securities law, or that would require  registration or qualification
     pursuant thereto.  The Purchaser will not sell or otherwise transfer any of
     the  Certificates,  except in compliance with the provisions of the Pooling
     and Servicing Agreement.

6.      The Purchaser

(a)  is  not an  employee  benefit  or  other  plan  subject  to the  prohibited
     transaction  provisions of the Employee  Retirement  Income Security Act of
     1974, as amended ("ERISA"), or Section 4975 of the Internal Revenue Code of
     1986, as amended (a "Plan"),  or any other person  (including an investment
     manager,  a named  fiduciary or a trustee of any Plan) acting,  directly or
     indirectly,  on behalf of or purchasing any Certificate  with "plan assets"
     of  any  Plan  within  the  meaning  of the  Department  of  Labor  ("DOL")
     regulation at 29 C.F.R. ss.2510.3-101; or

(b)  is an insurance  company,  the source of funds to be used by it to purchase
     the  Certificates  is an "insurance  company general  account"  (within the
     meaning of DOL Prohibited  Transaction Class Exemption ("PTCE") 95-60), and
     conditions  set  forth  in  Sections  I and III of  PTCE  95-60  have  been
     satisfied.

        In addition, the Purchaser hereby certifies, represents and warrants to,
and covenants with, the Company, the Trustee and the Servicer that the Purchaser
will not transfer  such  Certificates  to any Plan or person unless such Plan or
person meets the requirements set forth in either 6(a) or (b) above.

                          Very truly yours,

                          By:
                             ----------------------------------------
                          Name:
                               --------------------------------------
                          Title:
                                -------------------------------------

<PAGE>

                                    EXHIBIT I

                    FORM OF TRANSFEROR REPRESENTATION LETTER

                                               ____________, 20____

Residential Asset Mortgage Products, Inc.
8400 Normandale Lake Boulevard
Suite 600
Minneapolis, Minnesota 55437

Wells Fargo Bank Minnesota, N.A.
11000 Broken Land Parkway
Columbia, Maryland  21044

Attention: Residential Asset Mortgage Products, Inc.,  Series 2000-J6

               Re:    GMACM Mortgage Pass-Through Certificates,
                      Series 2000-J6, [Class B-[ ]]

Ladies and Gentlemen:

     In  connection  with  the  sale by  __________________  (the  "Seller")  to
____________________(the "Purchaser") of $__________________ Initial Certificate
Principal Balance of GMACM Mortgage Pass-Through  Certificates,  Series 2000-J6,
Class  (the  "Certificates"),  issued  pursuant  to the  Pooling  and  Servicing
Agreement  (the  "Pooling and  Servicing  Agreement"),  dated as of December 21,
2000,  among  Residential  Asset  Mortgage   Products,   Inc.,  as  seller  (the
"Company"),  GMAC  Mortgage  Corporation,  as  Servicer,  and Wells  Fargo  Bank
Minnesota,  N.A.,  as trustee  (the  "Trustee").  The Seller  hereby  certifies,
represents  and warrants  to, and  covenants  with,  the Company and the Trustee
that:

               Neither  the  Seller  nor  anyone  acting on its  behalf  has (a)
offered,  pledged,  sold, disposed of or otherwise  transferred any Certificate,
any interest in any  Certificate or any other similar  security to any person in
any  manner,  (b)  has  solicited  any  offer  to buy  or to  accept  a  pledge,
disposition  or  other  transfer  of  any  Certificate,   any  interest  in  any
Certificate or any other similar security from any person in any manner, (c) has
otherwise approached or negotiated with respect to any Certificate, any interest
in any Certificate or any other similar  security with any person in any manner,
(d) has made any general  solicitation by means of general advertising or in any
other manner, or (e) has taken any other action,  that (as to any of (a) through
(e)  above)  would  constitute  a  distribution  of the  Certificates  under the
Securities  Act of 1933 (the "Act"),  that would render the  disposition  of any
Certificate a violation of Section 5 of the Act or any state  securities law, or
that would require  registration or qualification  pursuant thereto.  The Seller
will not act, in any manner set forth in the foregoing  sentence with respect to
any Certificate.  The Seller has not and will not sell or otherwise transfer any
of the Certificates, except in compliance with the provisions of the Pooling and
Servicing Agreement.

                         Very truly yours,

                 (Seller)

                         By:
                            ----------------------------------------
                         Name:
                              --------------------------------------
                         Title:
                               -------------------------------------

<PAGE>

                                    EXHIBIT J

                  [FORM OF RULE 144A INVESTMENT REPRESENTATION]

             Description of Rule 144A Securities, including numbers:

              The  undersigned  seller,  as registered  holder (the  "Seller"),
intends to transfer the Rule 144A Securities  described above to the undersigned
buyer (the "Buyer").

1. In  connection  with such  transfer  and in  accordance  with the  agreements
pursuant  to which the Rule 144A  Securities  were  issued,  the  Seller  hereby
certifies  the  following  facts:  Neither  the Seller nor anyone  acting on its
behalf has offered, transferred, pledged, sold or otherwise disposed of the Rule
144A  Securities,  any interest in the Rule 144A Securities or any other similar
security to, or solicited any offer to buy or accept a transfer, pledge or other
disposition  of  the  Rule  144A  Securities,  any  interest  in the  Rule  144A
Securities  or any other  similar  security  from,  or otherwise  approached  or
negotiated  with respect to the Rule 144A  Securities,  any interest in the Rule
144A Securities or any other similar security with, any person in any manner, or
made any general  solicitation  by means of general  advertising or in any other
manner,  or taken any other action,  that would constitute a distribution of the
Rule 144A  Securities  under the  Securities  Act of 1933, as amended (the "1933
Act"),  or that  would  render the  disposition  of the Rule 144A  Securities  a
violation of Section 5 of the 1933 Act or require registration pursuant thereto,
and that the Seller has not offered the Rule 144A Securities to any person other
than the Buyer or  another  "qualified  institutional  buyer" as defined in Rule
144A under the 1933 Act.

2. The Buyer  warrants and represents  to, and covenants  with, the Seller,  the
Trustee and the Servicer (as defined in the Pooling and Servicing Agreement (the
"Agreement"),  dated as of December 21, 2000 among GMAC Mortgage  Corporation as
Servicer,  Residential Asset Mortgage  Products,  Inc. as depositor  pursuant to
Section 5.02 of the Agreement and Wells Fargo Bank Minnesota, N.A., as trustee),
as follows:

(a)     The  Buyer  understands  that the  Rule  144A  Securities  have not been
        registered under the 1933 Act or the securities laws of any state.

(b)     The Buyer considers  itself a substantial,  sophisticated  institutional
        investor  having such knowledge and experience in financial and business
        matters  that it is  capable  of  evaluating  the  merits  and  risks of
        investment in the Rule 144A Securities.

                                        J-1

<PAGE>

(c)     The Buyer has been  furnished  with all  information  regarding the Rule
        144A  Securities  that it has requested from the Seller,  the Trustee or
        the Servicer.

(d)  Neither the Buyer nor anyone acting on its behalf has offered, transferred,
     pledged,  sold or  otherwise  disposed  of the Rule  144A  Securities,  any
     interest in the Rule 144A  Securities or any other similar  security to, or
     solicited  any  offer  to  buy  or  accept  a  transfer,  pledge  or  other
     disposition  of the Rule 144A  Securities,  any  interest  in the Rule 144A
     Securities or any other similar  security from, or otherwise  approached or
     negotiated  with respect to the Rule 144A  Securities,  any interest in the
     Rule 144A Securities or any other similar  security with, any person in any
     manner, or made any general solicitation by means of general advertising or
     in any other  manner,  or taken any other action,  that would  constitute a
     distribution of the Rule 144A  Securities  under the 1933 Act or that would
     render the disposition of the Rule 144A Securities a violation of Section 5
     of the 1933 Act or require registration  pursuant thereto, nor will it act,
     nor has it  authorized  or will it  authorize  any  person to act,  in such
     manner with respect to the Rule 144A Securities.

(e)  The Buyer is a "qualified  institutional  buyer" as that term is defined in
     Rule  144A  under  the 1933 Act and has  completed  either  of the forms of
     certification  to that  effect  attached  hereto as Annex 1 or Annex 2. The
     Buyer is aware that the sale to it is being made in  reliance on Rule 144A.
     The Buyer is acquiring the Rule 144A  Securities for its own account or the
     accounts of other qualified  institutional  buyers,  understands  that such
     Rule 144A  Securities may be resold,  pledged or transferred  only (i) to a
     person  reasonably  believed  to be a  qualified  institutional  buyer that
     purchases   for  its  own  account  or  for  the  account  of  a  qualified
     institutional  buyer to whom  notice is given  that the  resale,  pledge or
     transfer  is being made in  reliance  on Rule  144A,  or (ii)  pursuant  to
     another exemption from registration under the 1933 Act.

               [3.    The Buyer

(a)     is not an  employee  benefit  or other plan  subject  to the  prohibited
        transaction provisions of the Employee Retirement Income Security Act of
        1974, as amended ("ERISA"), or Section 4975 of the Internal Revenue Code
        of 1986,  as  amended  (the  "Code")  (a  "Plan"),  or any other  person
        (including an investment  manager, a named fiduciary or a trustee of any
        Plan) acting,  directly or  indirectly,  on behalf of or purchasing  any
        Certificate  with "plan  assets" of any Plan  within the  meaning of the
        Department of Labor ("DOL") regulation at 29 C.F.R. ss. 2510.3-101; or

(b)     is an  insurance  company,  the  source  of  funds  to be  used by it to
        purchase the  Certificates  is an "insurance  company  general  account"
        (within  the  meaning  of DOL  Prohibited  Transaction  Class  Exemption
        ("PTCE")  95-60),  and the conditions set forth in Sections I and III of
        PTCE 95-60 have been satisfied.]

               4. This document may be executed in one or more  counterparts and
        by the different parties hereto on separate counterparts, each of which,
        when so executed,  shall be deemed to be an original; such counterparts,
        together, shall constitute one and the same document.

                                        J-2

<PAGE>

               IN  WITNESS  WHEREOF,  each  of the  parties  has  executed  this
document as of the date set forth below.

Print Name of Seller                              Print Name of Buyer
By:                                               By:
   Name:                                             Name:
   Title:                                            Title:
Taxpayer Identification                           Taxpayer Identification:
No.                                               No:
 Date:                                             Date:

                                        J-3

<PAGE>

                              ANNEX 1 TO EXHIBIT J

            QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

             [For Buyers Other Than Registered Investment Companies]

               The  undersigned  hereby  certifies as follows in connection with
the Rule 144A Investment Representation to which this Certification is attached:

     1. As indicated  below,  the undersigned is the President,  Chief Financial
Officer, Senior Vice President or other executive officer of the Buyer.

2.   In  connection  with  purchases  by the  Buyer,  the Buyer is a  "qualified
     institutional  buyer"  as that  term is  defined  in Rule  144A  under  the
     Securities  Act of 1933 ("Rule  144A")  because (i) the Buyer owned  and/or
     invested on a discretionary  basis $ in securities (except for the excluded
     securities  referred  to below) as of the end of the  Buyer's  most  recent
     fiscal year (such amount being calculated in accordance with Rule 144A) and
     (ii) the Buyer satisfies the criteria in the category marked below.

___  Corporation,  etc. The Buyer is a corporation  (other than a bank,  savings
     and loan  association  or similar  institution),  Massachusetts  or similar
     business  trust,  partnership,  or  charitable  organization  described  in
     Section 501(c)(3) of the Internal Revenue Code.

___  Bank.  The Buyer (a) is a national  bank or banking  institution  organized
     under the laws of any State,  territory or the  District of  Columbia,  the
     business of which is substantially confined to banking and is supervised by
     the State or  territorial  banking  commission or similar  official or is a
     foreign bank or equivalent institution, and (b) has an audited net worth of
     at  least  $25,000,000  as  demonstrated  in its  latest  annual  financial
     statements, a copy of which is attached hereto.

___  Savings and Loan. The Buyer (a) is a savings and loan association, building
     and loan association,  cooperative bank,  homestead  association or similar
     institution,  which  is  supervised  and  examined  by a State  or  Federal
     authority  having  supervision  over any such  institutions or is a foreign
     savings  and loan  association  or  equivalent  institution  and (b) has an
     audited net worth of at least  $25,000,000  as  demonstrated  in its latest
     annual financial statements.

___  Broker-Dealer.  The Buyer is a dealer registered  pursuant to Section 15 of
     the Securities Exchange Act of 1934.

___  Insurance  Company.  The Buyer is an insurance  company  whose  primary and
     predominant business activity is the writing of insurance or the reinsuring
     of risks  underwritten  by  insurance  companies  and which is  subject  to
     supervision by the insurance  commissioner or a similar  official or agency
     of a State or territory or the District of Columbia.

                                        J-4

<PAGE>

___  State or Local Plan.  The Buyer is a plan  established  and maintained by a
     State, its political subdivisions,  or any agency or instrumentality of the
     State or its political subdivisions, for the benefit of its employees.

___  ERISA  Plan.  The Buyer is an employee  benefit  plan within the meaning of
     Title I of the Employee Retirement Income Security Act of 1974.

___  Investment Adviser. The Buyer is an investment adviser registered under the
     Investment Advisers Act of 1940.

___  SBIC. The Buyer is a Small Business Investment Company licensed by the U.S.
     Small  Business  Administration  under  Section  301(c) or (d) of the Small
     Business Investment Act of 1958.

___  Business  Development  Company. The Buyer is a business development company
     as defined in Section 202(a)(22) of the Investment Advisers Act of 1940.

___  Trust  Fund.  The Buyer is a trust  fund  whose  trustee is a bank or trust
     company and whose  participants  are exclusively (a) plans  established and
     maintained  by a  State,  its  political  subdivisions,  or any  agency  or
     instrumentality of the State or its political subdivisions, for the benefit
     of its employees, or (b) employee benefit plans within the meaning of Title
     I of the Employee  Retirement  Income  Security  Act of 1974,  but is not a
     trust fund that includes as participants  individual retirement accounts or
     H.R. 10 plans.

               3. The term  "securities"  as used  herein  does not  include (i)
 securities of issuers that are affiliated with the Buyer,  (ii) securities that
 are part of an unsold  allotment to or  subscription by the Buyer, if the Buyer
 is a dealer,  (iii) bank deposit notes and  certificates of deposit,  (iv) loan
 participations, (v) repurchase agreements, (vi) securities owned but subject to
 a repurchase agreement and (vii) currency, interest rate and commodity swaps.

               4. For purposes of determining the aggregate amount of securities
 owned and/or invested on a discretionary basis by the Buyer, the Buyer used the
 cost of such  securities to the Buyer and did not include any of the securities
 referred to in the preceding paragraph.  Further, in determining such aggregate
 amount,  the Buyer may have included  securities  owned by  subsidiaries of the
 Buyer, but only if such  subsidiaries  are  consolidated  with the Buyer in its
 financial  statements prepared in accordance with generally accepted accounting
 principles and if the  investments of such  subsidiaries  are managed under the
 Buyer's direction. However, such securities were not included if the Buyer is a
 majority-owned,  consolidated subsidiary of another enterprise and the Buyer is
 not itself a reporting company under the Securities Exchange Act of 1934.

               5. The Buyer  acknowledges that it is familiar with Rule 144A and
 understands that the seller to it and other parties related to the Certificates
 are relying and will continue to rely on the statements made herein because one
 or more sales to the Buyer may be in reliance on Rule 144A.

                                        J-5

<PAGE>

                           Will the Buyer be purchasing the Rule 144A
Yes           No           Securities only for the Buyer's own account?

               6. If the answer to the  foregoing  question  is "no",  the Buyer
 agrees that,  in connection  with any purchase of securities  sold to the Buyer
 for the account of a third party  (including any separate  account) in reliance
 on Rule 144A,  the Buyer will only  purchase  for the  account of a third party
 that at the time is a  "qualified  institutional  buyer"  within the meaning of
 Rule 144A.  In  addition,  the Buyer  agrees  that the Buyer will not  purchase
 securities  for  a  third  party  unless  the  Buyer  has  obtained  a  current
 representation  letter from such third party or taken other  appropriate  steps
 contemplated by Rule 144A to conclude that such third party independently meets
 the definition of "qualified institutional buyer" set forth in Rule 144A.

               7. The  Buyer  will  notify  each of the  parties  to which  this
 certification is made of any changes in the information and conclusions herein.
 Until such notice is given,  the Buyer's  purchase of Rule 144A Securities will
 constitute  a  reaffirmation  of  this  certification  as of the  date  of such
 purchase.

                             Print Name of Buyer

                             By:
                                  --------------------------------------
                                  Name:
                                  Title:

                             Date:
                                  --------------------------------------

                                        J-6

<PAGE>

                              ANNEX 2 TO EXHIBIT J

                   QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

                    [For Buyers That Are Registered Investment Companies]

               The  undersigned  hereby  certifies as follows in connection with
the Rule 144A Investment Representation to which this Certification is attached:

               1. As indicated  below,  the undersigned is the President,  Chief
 Financial  Officer or Senior Vice  President of the Buyer or, if the Buyer is a
 "qualified  institutional buyer" as that term is defined in Rule 144A under the
 Securities  Act of 1933  ("Rule  144A")  because  Buyer is part of a Family  of
 Investment Companies (as defined below), is such an officer of the Adviser.

               2.  In  connection  with  purchases  by  Buyer,  the  Buyer  is a
 "qualified  institutional  buyer" as defined in SEC Rule 144A  because  (i) the
 Buyer is an investment  company  registered under the Investment Company Act of
 1940,  and (ii) as marked  below,  the Buyer  alone,  or the Buyer's  Family of
 Investment Companies, owned at least $100,000,000 in securities (other than the
 excluded securities referred to below) as of the end of the Buyer's most recent
 fiscal year. For purposes of determining the amount of securities  owned by the
 Buyer  or the  Buyer's  Family  of  Investment  Companies,  the  cost  of  such
 securities was used.

--             The  Buyer  owned  $  in  securities  (other  than  the  excluded
               securities  referred to below) as of the end of the Buyer's  most
               recent  fiscal year (such amount being  calculated  in accordance
               with Rule 144A).

--             The Buyer is part of a Family of Investment Companies which owned
               in  the  aggregate  $ in  securities  (other  than  the  excluded
               securities  referred to below) as of the end of the Buyer's  most
               recent  fiscal year (such amount being  calculated  in accordance
               with Rule 144A).

               3. The term "Family of Investment Companies" as used herein means
 two or more registered  investment  companies (or series thereof) that have the
 same investment  adviser or investment  advisers that are affiliated (by virtue
 of  being  majority  owned  subsidiaries  of the same  parent  or  because  one
 investment adviser is a majority owned subsidiary of the other).

               4. The term  "securities"  as used  herein  does not  include (i)
 securities  of issuers  that are  affiliated  with the Buyer or are part of the
 Buyer's   Family  of  Investment   Companies,   (ii)  bank  deposit  notes  and
 certificates of deposit, (iii) loan participations, (iv) repurchase agreements,
 (v) securities  owned but subject to a repurchase  agreement and (vi) currency,
 interest rate and commodity swaps.

               5. The Buyer is familiar with Rule 144A and understands that each
 of the  parties  to  which  this  certification  is made are  relying  and will
 continue to rely on the statements made herein because one or more sales to the
 Buyer  will be in  reliance  on Rule  144A.  In  addition,  the Buyer will only
 purchase for the Buyer's own account.

                                        J-7

<PAGE>

               6. The undersigned  will notify each of the parties to which this
 certification is made of any changes in the information and conclusions herein.
 Until such notice, the Buyer's purchase of Rule 144A Securities will constitute
 a reaffirmation of this certification by the undersigned as of the date of such
 purchase.

                         Print Name of Buyer

                         By:
                              --------------------------------------
                              Name:
                                   ---------------------------------
                              Title:
                                    --------------------------------

                         IF AN ADVISER:

                         Print Name of Buyer

                         Date:
                              --------------------------------------

                                        j-8
<PAGE>

                                    EXHIBIT K

                 FORM OF LENDER CERTIFICATION FOR ASSIGNMENT OF MORTGAGE LOAN

                                               _____________, 20 ___

Residential Asset Mortgage Products, Inc.
8400 Normandale Lake Boulevard
Suite 600
Minneapolis, Minnesota  55437

Wells Fargo Bank Minnesota, N.A.
11000 Broken Land Parkway
Columbia, Maryland  21044

Attention:  Residential Asset Mortgage Products, Inc., Series 2000-J6

               Re:    GMACM Mortgage Pass-Through Certificates, Series
                      2000-J6 Assignment of Mortgage Loan

Ladies and Gentlemen:

     This letter is delivered to you in connection  with the assignment by Wells
Fargo Bank Minnesota,  N.A. (the "Trustee") to __________________ (the "Lender")
of____________________  (the "Mortgage Loan") pursuant to Section 3.13(d) of the
Pooling and Servicing Agreement (the "Pooling and Servicing  Agreement"),  dated
as of December 21, 2000 among  Residential  Asset  Mortgage  Products,  Inc., as
seller (the "Company"), GMAC Mortgage Corporation, as Servicer, and the Trustee.
All terms used herein and not  otherwise  defined  shall have the  meanings  set
forth in the Pooling  and  Servicing  Agreement.  The Lender  hereby  certifies,
represents  and warrants to, and  covenants  with,  the Servicer and the Trustee
that:

(i) the Mortgage Loan is secured by Mortgaged Property located in a jurisdiction
in which an  assignment  in lieu of  satisfaction  is required to preserve  lien
priority,  minimize or avoid mortgage  recording taxes or otherwise comply with,
or facilitate a refinancing under, the laws of such jurisdiction;

(ii) the substance of the assignment is, and is intended to be, a refinancing of
such Mortgage Loan and the form of the  transaction is solely to comply with, or
facilitate the transaction under, such local laws;

(iii) the Mortgage Loan  following the proposed  assignment  will be modified to
have a rate of  interest  at least  0.25  percent  below  or  above  the rate of
interest on such Mortgage Loan prior to such proposed assignment; and

(iv) such  assignment  is at the  request  of the  borrower  under  the  related
Mortgage Loan.

                          Very truly yours,

                  (Lender)

                          By:
                             ----------------------------------------
                          Name:
                               --------------------------------------
                          Title:
                                -------------------------------------

<PAGE>

                                    EXHIBIT L

                         SCHEDULE OF DISCOUNT FRACTIONS

                                 [See attached]

    Loan
   Number      Scheduled Balances   Net Rate      PO Amount   Discount Fraction
-------------------------------------------------------------------------------
124994203          328900.00         7.375         5481.67        0.01666667
128913001          384613.33         6.625        44871.56        0.11666667
129047502          255253.45         6.750        25525.35        0.10000000
129291902          422283.49         7.000        28152.23        0.06666667
129325809          255730.89         6.750        25573.09        0.10000000
129326807          518425.81         7.000        34561.72        0.06666667
503853707          290800.00         7.375         4846.67        0.01666667
505339507          289152.35         7.375         4819.21        0.01666667
505412007          439681.53         7.375         7328.03        0.01666667
506378009          499638.12         7.375         8327.30        0.01666667
506386101          366750.00         7.375         6112.50        0.01666667
506410406          309775.62         7.375         5162.93        0.01666667
506685106          262767.87         7.375         4379.46        0.01666667
506719707          377451.08         7.375         6290.85        0.01666667
506786508          489645.35         7.375         8160.76        0.01666667
506998400          311674.25         7.375         5194.57        0.01666667
507028900          372230.39         7.375         6203.84        0.01666667
507112001          500000.00         7.250        16666.67        0.03333333
507365104          411550.00         7.375         6859.17        0.01666667
507392306          499462.25         7.375         8324.37        0.01666667
507457901          331260.07         7.375         5521.00        0.01666667
507484806          271703.20         7.375         4528.39        0.01666667
507513901          269804.58         7.375         4496.74        0.01666667
507594901          352000.00         7.375         5866.67        0.01666667
507791408          712400.00         7.375        11873.33        0.01666667
507874105          348000.00         7.000        23200.00        0.06666667
508073202          500000.00         7.125        25000.00        0.05000000
508108602          335000.00         7.375         5583.33        0.01666667
508139201          360000.00         7.375         6000.00        0.01666667
508154705          400000.00         7.375         6666.67        0.01666667
600002412          255217.61         6.875        21268.13        0.08333333
600002454          295456.62         6.875        24621.39        0.08333333
600007129          315338.16         6.875        26278.18        0.08333333
600015471          413952.16         6.500        55193.62        0.13333333
600015474          288740.34         6.625        33686.37        0.11666667
600015668          329061.26         7.000        21937.42        0.06666667
600015679          443734.80         7.000        29582.32        0.06666667
600015680          452620.60         6.500        60349.41        0.13333333
600015688          341329.88         6.875        28444.16        0.08333333
600015693          440619.91         6.875        36718.33        0.08333333
600015886          295823.26         7.000        19721.55        0.06666667
600017085          365998.19         7.375         6099.97        0.01666667
600017136          414380.02         6.875        34531.67        0.08333333
600017148          339782.54         7.000        22652.17        0.06666667
600017223          349662.69         6.750        34966.27        0.10000000
600017236          327545.41         6.750        32754.54        0.10000000
600043425          342998.87         7.375         5716.65        0.01666667
600048138          399710.49         7.375         6661.84        0.01666667
600051690          377719.47         7.250        12590.65        0.03333333
600052450          443678.65         7.375         7394.64        0.01666667
600052533          385000.00         7.250        12833.33        0.03333333
600053493          555000.00         7.375         9250.00        0.01666667
600056321          307777.08         7.375         5129.62        0.01666667
600058229          429600.00         7.375         7160.00        0.01666667
651173791          290208.59         6.625        33857.67        0.11666667
651178719          581117.73         6.375        87167.66        0.15000000
652113212          343751.01         7.375         5729.18        0.01666667
652216625          252517.10         7.375         4208.62        0.01666667
652295218          484295.71         7.375         8071.60        0.01666667
652309767          292000.00         7.250         9733.33        0.03333333
652310349          519614.08         7.250        17320.47        0.03333333
652326056          209600.00         7.375         3493.33        0.01666667
685026813          364000.00         7.250        12133.33        0.03333333
702000745          496000.00         7.375         8266.67        0.01666667
702000788          364400.00         7.250        12146.67        0.03333333

<PAGE>

<PAGE>

                                       M-2

                                    EXHIBIT M

                          INFORMATION TO BE INCLUDED IN
                       MONTHLY DISTRIBUTION DATE STATEMENT

(i)     (a) the amount of such  distribution to the  Certificateholders  of such
        Class applied to reduce the Certificate  Principal Balance thereof,  and
        (b)  the  aggregate  amount  included  therein  representing   Principal
        Prepayments;

(ii) the amount of such  distribution  to Holders of such Class of  Certificates
     allocable to interest;

(iii)   if the distribution to the Holders of such Class of Certificates is less
        than the full  amount  that would be  distributable  to such  Holders if
        there  were  sufficient  funds  available  therefor,  the  amount of the
        shortfall;

(iv)    the amount of any Advance by the Servicer pursuant to Section 4.04;

(v)  the number and Pool Stated  Principal  Balance of the Mortgage  Loans after
     giving effect to the distribution of principal on such Distribution Date;

(vi)    the  Guaranteed   Distribution  for  such  Distribution  Date,  and  the
        respective  portions thereof allocable to principal and interest for the
        Insured Certificates;

(vii)   the  amount of any Ambac  Insurance  Payment  made on such  Distribution
        Date,  the  amount of any  reimbursement  payment  made to Ambac on such
        Distribution  Date  pursuant to Section  4.02(a)(xvi)  and the amount of
        Cumulative  Insurance  Payments  after  giving  effect to any such Ambac
        Insurance Payment or any such reimbursement payment to Ambac;

(viii) the related  Subordinate  Principal  Distribution  Amount and  Prepayment
     Distribution Percentage, if applicable;

(ix)    on the basis of the most recent reports furnished to it by the Servicer,
        the number and aggregate  principal  balances of Mortgage Loans that are
        Delinquent  (A) 30-59  days,  (B) 60-89 days and (C) 90 or more days and
        the number and aggregate principal balance of Mortgage Loans that are in
        foreclosure;

(x)  on the basis of the most recent  reports  furnished to it by the  Servicer,
     the  number,  aggregate  principal  balance  and  book  value  of  any  REO
     Properties;

(xi)    the aggregate Accrued Certificate Interest remaining unpaid, if any, for
        each Class of Certificates, after giving effect to the distribution made
        on such Distribution Date;

                                        M-1

<PAGE>

(xii)   the Special Hazard Amount, Fraud Loss Amount and Bankruptcy Amount as of
        the close of business on such Distribution Date and a description of any
        change in the calculation of such amounts;

(xiii) the Pass-Through Rate with respect to the Class IO Certificates,  if any,
     thereof;

(xiv)the  occurrence  of the Credit  Support  Depletion  Date and the  Accretion
     Termination Date;

(xv) the related Senior Accelerated  Distribution  Percentage applicable to such
     distribution;

(xvi)   the related Senior Percentage for such Distribution Date;

(xvii)  the amount of Realized Losses  allocated on such  Distribution  Date and
        the cumulative amount of Realized Losses as of such  Distribution  Date;
        and

(xviii) if any of the Class M  Certificates  are held by a Depository,  a legend
        substantially in the form of Exhibit H-3, referencing such Certificates.

In the case of information furnished pursuant to clauses (i) and (ii) above, the
amounts  shall be expressed  as a dollar  amount per  Certificate  with a $1,000
denomination.

                                        M-2

<PAGE>

                                    EXHIBIT N

                          FORM OF INITIAL CERTIFICATION

                                December __, 2000

Wells Fargo Bank Minnesota, N.A.          GMAC Mortgage Corporation
11000 Broken Land Parkway                 100 Witmer Road
Columbia, Maryland  21044                 Horsham, Pennsylvania  19044

Ambac Assurance Corporation

Attention:
__________________________________________________________________________(GMACM
Mortgage Pass-Through Certificates, Series 2000-J6)

Attention:  Residential Asset Mortgage Products, Inc., Series 2000-J6

          Re:  Custodial  Agreement  dated as of December 21, 2000, by and among
               Wells  Fargo Bank  Minnesota,  N.A.,  as Trustee,  GMAC  Mortgage
               Corporation, as - Servicer, and Escrow Bank USA, as Custodian

Ladies and Gentlemen:

               In accordance with Section 2.2 of the  above-captioned  Custodial
Agreement,   and  subject  to  Section  2.02  of  the  Pooling  Agreement,   the
undersigned, as Custodian, hereby certifies that it has received a Mortgage File
(which  contains an original  Mortgage Note or an original  lost note  affidavit
with a copy of the related  Mortgage  Note, if  available)  with respect to each
Mortgage  Loan listed in the  Mortgage  Loan  Schedule,  and it has reviewed the
Mortgage  File and the Mortgage  Loan  Schedule  and has  determined  that:  all
required  documents  have been  executed and received to the extent  required in
Section 2.01(b) of the Pooling  Agreement,  subject to the provisions of Section
2.01(c)  of the  Pooling  Agreement,  and that  such  documents  related  to the
Mortgage  Loans  identified on the Mortgage Loan  Schedule,  with any exceptions
listed on Schedule A attached hereto.

               Capitalized  terms used  herein  that are not  otherwise  defined
shall  have the  meanings  assigned  thereto  in the  above-captioned  Custodial
Agreement.

                              ESCROW BANK USA, as Custodian

                              By:
                                 -----------------------------------------
                              Name:
                                   ---------------------------------------
                              Title:
                                    --------------------------------------

<PAGE>

                                    EXHIBIT O

                           FORM OF FINAL CERTIFICATION

________, 2000

Wells Fargo Bank Minnesota, N.A.
11000 Broken Land Parkway
Columbia, Maryland  21044

Ambac Assurance Corporation

Attention:
__________________________________________________________________________(GMACM
Mortgage Pass-Through Certificates, Series 2000-J6)

GMAC Mortgage Corporation
100 Witmer Road
Horsham, Pennsylvania  19044

Attention:  Residential Asset Mortgage Products, Inc., Series 2000-J6

          Re:  Custodial  Agreement  dated as of December 21, 2000, by and among
               Wells  Fargo Bank  Minnesota,  N.A.,  as Trustee,  GMAC  Mortgage
               Corporation, as Servicer, and Escrow Bank USA, as Custodian

Ladies and Gentlemen:

               In accordance with the above-captioned  Custodial Agreement,  the
undersigned, as Custodian, hereby certifies that it has received a Mortgage File
with  respect  to each  Mortgage  Loan  listed  in the  Mortgage  Loan  Schedule
containing (I) with respect to each such Mortgage Loan (other than a Cooperative
Loan):

(i)  The original  Mortgage Note,  endorsed without recourse in blank, or in the
     name of the Trustee as trustee,  and signed by an authorized officer (which
     endorsement  shall  contain  either an  original  signature  or a facsimile
     signature of an authorized  officer of the Seller, and if in the form of an
     allonge,  the  allonge  shall be stapled to the  Mortgage  Note),  with all
     intervening  endorsements  showing  a  complete  chain  of  title  from the
     originator to the Seller. If the Mortgage Loan was acquired by the endorser
     in a merger,  the endorsement must be by "___________,  successor by merger
     to [name of  predecessor]." If the Mortgage Loan was acquired or originated
     by the endorser while doing  business  under another name, the  endorsement
     must be by "__________formerly known as [previous name]";

(ii)    The  original  Mortgage,  noting the presence of the MIN of the Mortgage
        Loan, if the Mortgage is registered on the MERS(R) System,  and language
        indicating  that the Mortgage Loan is a MOM Loan if the Mortgage Loan is
        a MOM Loan,  with evidence of recording  indicated  thereon or a copy of
        the  Mortgage  certified  by the public  recording  office in which such
        Mortgage has been recorded;

(iii)The  original of any  guarantee  executed in  connection  with the Mortgage
     Note, if applicable;

(iv)    Any rider or the  original  of any  modification  agreement  executed in
        connection with the related Mortgage Note or Mortgage,  with evidence of
        recording if required by applicable law;

(v)  Unless the Mortgage Loan is registered  on the  MERS(R)System,  an original
     Assignment  or  Assignments  of the  Mortgage  (which may be  included in a
     blanket  assignment  or  assignments)  from the Seller to "Wells Fargo Bank
     Minnesota,  N.A.,  as Trustee  under that  certain  Pooling  and  Servicing
     Agreement  dated as of December 21, 2000, for GMACM  Mortgage  Pass-Through
     Certificates,  Series 2000-J6" c/o the Servicer at an address  specified by
     the Servicer,  and signed by an authorized officer,  which assignment shall
     be in form and substance acceptable for recording. If the Mortgage Loan was
     acquired  by the  assignor  in a  merger,  the  assignment  must  be by " ,
     successor by merger to [name of  predecessor]".  If the  Mortgage  Loan was
     acquired or originated by the assignor  while doing  business under another
     name, the assignment must be by " ______________________  formerly known as
     [previous name]";

(vi)    Originals of all  intervening  assignments  of mortgage,  which together
        with Mortgage shows a complete chain of title from the originator to the
        Seller (or to MERS,  if the Mortgage  Loan is  registered on the MERS(R)
        System,  and which  notes  the  presence  of a MIN),  with  evidence  of
        recording thereon;

(vii)The original  mortgagee  policy of title  insurance,  including  riders and
     endorsements  thereto,  or if the  policy  has not yet been  issued,  (i) a
     written  commitment  or  interim  binder  for  title  issued  by the  title
     insurance  or escrow  company  dated as of the date the  Mortgage  Loan was
     funded, with a statement by the title insurance company or closing attorney
     that the  priority  of the lien of the related  Mortgage  during the period
     between the date of the funding of the related  Mortgage  Loan and the date
     of the related  title policy (which title policy shall be dated the date of
     recording of the related  Mortgage) is insured,  (ii) a  preliminary  title
     report  issued  by a title  insurer  in  anticipation  of  issuing  a title
     insurance  policy which  evidences  existing  liens and gives a preliminary
     opinion as to the  absence  of any  encumbrance  on title to the  Mortgaged
     Property, except liens to be removed on or before purchase by the Mortgagor
     or which constitute customary exceptions acceptable to lenders generally or
     (iii) other evidence of title insurance acceptable to Fannie Mae or Freddie
     Mac, in accordance with the Fannie Mae Seller/Servicer Guide or Freddie Mac
     Seller/Servicer Guide, respectively;

(viii)   A certified true copy of any power of attorney, if applicable; and

                                        O-2

<PAGE>

(ix) Originals of any security  agreement,  chattel  mortgage or the  equivalent
     executed in connection with the Mortgage, if any;

and (II) with respect to each Cooperative Loan so assigned:

(i)     The original  Mortgage Note,  endorsed  without recourse to the order of
        the  Trustee  and showing an  unbroken  chain of  endorsements  from the
        originator thereof to the Seller;

(ii)    A counterpart of the Cooperative Lease and the Assignment of Proprietary
        Lease  to  the  originator  of the  Cooperative  Loan  with  intervening
        assignments  showing an unbroken chain of title from such  originator to
        the Trustee;

(iii)   The related  Cooperative  Stock  Certificate,  representing  the related
        Cooperative  Stock  pledged  with  respect  to  such  Cooperative  Loan,
        together  with an  undated  stock  power (or other  similar  instrument)
        executed in blank;

(iv) The original  recognition  agreement by the Cooperative of the interests of
     the mortgagee with respect to the related Cooperative Loan;

(v)      The Security Agreement;

(vi)    Copies of the original UCC-1 financing  statement,  and any continuation
        statements,  filed by the originator of such Cooperative Loan as secured
        party, each with evidence of recording thereof,  evidencing the interest
        of the  originator  under the Security  Agreement and the  Assignment of
        Proprietary Lease;

(vii)   Copies  of  the  filed  UCC-3   assignments  of  the  security  interest
        referenced in clause (vi) above showing an unbroken  chain of title from
        the originator to the Trustee,  each with evidence of recording thereof,
        evidencing the interest of the originator  under the Security  Agreement
        and the Assignment of Proprietary Lease;

(viii)  An executed assignment of the interest of the originator in the Security
        Agreement, Assignment of Proprietary Lease and the recognition agreement
        referenced in clause (iv) above, showing an unbroken chain of title from
        the originator to the Trustee;

(ix) The original of each modification,  assumption  agreement or preferred loan
     agreement, if any, relating to such Cooperative Loan; and

(x)     An executed UCC-1 financing  statement showing the Seller as debtor, the
        Company as secured  party and the  Trustee as  assignee  and an executed
        UCC-1 financing  statement showing the Company as debtor and the Trustee
        as secured party,  each in a form sufficient for filing,  evidencing the
        interest of such debtors in the Cooperative Loans.

                                        O-3

<PAGE>

               Capitalized   words  and  phrases  used  herein  shall  have  the
respective meanings assigned to them in the above-captioned Custodial Agreement.

                                    ESCROW BANK USA, as Custodian

                                    By:
                                       ---------------------------------------
                                    Name:
                                         -------------------------------------
                                    Title:
                                          ------------------------------------

                                        O-4

<PAGE>

                                    EXHIBIT P

                                  AMBAC POLICY
                                 (See attached)

<PAGE>EXHIBIT 10.2

                                 EXECUTION COPY

                        MORTGAGE LOAN PURCHASE AGREEMENT

        This is a Mortgage Loan Purchase Agreement (the "Agreement") dated as of
December  21, 2000 by and between  GMAC  Mortgage  Corporation,  a  Pennsylvania
corporation,  having an office at 100 Witmer Road,  Horsham,  Pennsylvania 19044
(the  "Seller")  and  Residential  Asset  Mortgage  Products,  Inc.,  a Delaware
corporation,   and  having  an  office  at  8400   Normandale   Lake  Boulevard,
Minneapolis, Minnesota 55437 (the "Purchaser").

        The Seller agrees to sell to the  Purchaser and the Purchaser  agrees to
purchase from the Seller certain mortgage loans on a servicing-retained basis as
described  herein (the  "Mortgage  Loans").  The following  terms are defined as
follows:
<TABLE>
<CAPTION>

<S>     <C>    <C>    <C>    <C>    <C>    <C>
        Aggregate Principal Balance
        (as of the Cut-Off Date):                $313,904,610.22  (after deduction of scheduled
                                                 principal   payments  due  on  or  before  the
                                                 Cut-Off Date,  whether or not  collected,  but
                                                 without  deduction  of  prepayments  that  may
                                                 have been made but not  reported to the Seller
                                                 as of the close of business on such date).

        Closing Date:                            December 21,  2000,  or such other date as may
                                                 be agreed upon by the parties hereto.

        Cut-Off Date:                            December 1, 2000.

        Mortgage                                 Loan:     A     fixed     rate,
                                                 fully-amortizing,  first  lien,
                                                 residential        conventional
                                                 mortgage  loan having a term of
                                                 not  more  than  30  years  and
                                                 secured by Mortgaged Property.

        Mortgaged Property:                      A single  parcel of real  property on which is
                                                 located a detached single-family  residence, a
                                                 two-to-four family dwelling,  a townhouse,  an
                                                 individual  condominium unit, or an individual
                                                 unit  in  a  planned  unit  development,  or a
                                                 proprietary    lease    in   a   unit   in   a
                                                 cooperatively-owned   apartment  building  and
                                                 stock in the related cooperative corporation.

        Pooling and Servicing Agreement:         The pooling and servicing agreement,  dated as
                                                 of December 21, 2000, among  Residential Asset
                                                 Mortgage  Products,  Inc.,  as  company,  GMAC
                                                 Mortgage  Corporation,  as servicer  and Wells
                                                 Fargo Bank  Minnesota,  N.A.,  as trustee (the
                                                 "Trustee").
</TABLE>

<PAGE>

All  capitalized  terms used but not  defined  herein  shall  have the  meanings
assigned  thereto in the Pooling and  Servicing  Agreement.  The parties  intend
hereby  to  set  forth  the  terms  and  conditions   upon  which  the  proposed
transactions  will be effected  and, in  consideration  of the  premises and the
mutual agreements set forth herein, agree as follows:

SECTION 1. Agreement to Sell and Purchase  Mortgage Loans.  The Seller agrees to
sell to the  Purchaser  and the  Purchaser  agrees to  purchase  from the Seller
certain  Mortgage  Loans  having  an  aggregate  amount  equal to the  Aggregate
Principal Balance as of the Cut-Off Date.

SECTION 2.  Mortgage Loan  Schedule.  The Seller has provided to the Purchaser a
schedule  setting forth all of the Mortgage Loans to be purchased on the Closing
Date under this  Agreement,  which shall be  attached  hereto as Schedule I (the
"Mortgage Loan Schedule").

SECTION 3. Purchase Price of Mortgage  Loans.  The purchase price (the "Purchase
Price") to be paid to the Seller by the Purchaser  for the Mortgage  Loans shall
be  the  sum of  (i)  $309,986,905.66  and  (ii)  the  Class  PO  and  Class  IO
Certificates,  a 0.01%  Percentage  Interest in the Class R-I Certificates and a
0.01% of Percentage  Interest in the Class R-II Certificates  issued pursuant to
the Pooling and  Servicing  Agreement.  The cash portion of the  purchase  price
shall be paid by wire  transfer of  immediately  available  funds on the Closing
Date to the account specified by the Seller.

        The Purchaser and Seller intend that the conveyance by the Seller to the
Purchaser  of all its right,  title and  interest in and to the  Mortgage  Loans
pursuant to this Agreement shall be, and be construed as, a sale of the Mortgage
Loans by the Seller to the  Purchaser.  It is,  further,  not intended that such
conveyance  be deemed to be a pledge of the Mortgage  Loans by the Seller to the
Purchaser to secure a debt or other  obligation of the Seller.  However,  in the
event that the Mortgage  Loans are held to be property of the Seller,  or if for
any reason this Agreement is held or deemed to create a security interest in the
Mortgage Loans,  then it is intended that (a) this Agreement shall be a security
agreement  within the  meaning of Articles 8 and 9 of the  Pennsylvania  Uniform
Commercial  Code  and  the  Uniform  Commercial  Code  of any  other  applicable
jurisdiction; (b) the conveyance provided for in this Section shall be deemed to
be, and hereby is, a grant by the Seller to the Purchaser of a security interest
in all of the Seller's  right  (including  the power to convey  title  thereto),
title and interest,  whether now owned or hereafter acquired,  in and to any and
all general intangibles, accounts, chattel paper, instruments, documents, money,
deposit accounts,  certificates of deposit, goods, letters of credit, advices of
credit and investment property consisting of, arising from or relating to any of
the  following:  (A) the  Mortgage  Loans,  including  (i) with  respect to each
Cooperative Loan, the related Mortgage Note, Security  Agreement,  Assignment of
Proprietary Lease,  Cooperative Stock Certificate,  Cooperative Lease, (ii) with
respect to each  Mortgage  Loan  other  than a  Cooperative  Loan,  the  related
Mortgage  Note and  Mortgage  and (iii)  any  insurance  policies  and all other
documents in the related  Mortgage File, (B) all amounts payable pursuant to the
Mortgage Loans in accordance  with the terms thereof and (C) all proceeds of the
conversion,  voluntary or involuntary,  of the foregoing into cash, instruments,
securities or other property, including without limitation all amounts from time
to time held or  invested  in the  Payment  Account  or the  Custodial  Account,
whether in the form of cash, instruments,  securities or other property; (c) the

                                        2

<PAGE>

possession  by the Trustee,  the  Custodian or any other agent of the Trustee of
Mortgage Notes or such other items of property as constitute instruments, money,
negotiable documents,  letters of credit, advices of credit, investment property
or chattel  paper shall be deemed to be  "possession  by the secured  party," or
possession  by a purchaser or a person  designated  by such secured  party,  for
purposes of  perfecting  the  security  interest  pursuant  to the  Pennsylvania
Uniform  Commercial Code and the Uniform Commercial Code of any other applicable
jurisdiction  (including,  without  limitation,  Sections 8-106, 9-305 and 9-115
thereof);   and  (d)  notifications  to  persons  holding  such  property,   and
acknowledgments,  receipts or confirmations  from persons holding such property,
shall be deemed notifications to, or acknowledgments,  receipts or confirmations
from, securities  intermediaries,  bailees or agents of, or persons holding for,
(as applicable) the Trustee for the purpose of perfecting such security interest
under  applicable  law. The Seller  shall,  to the extent  consistent  with this
Agreement,  take such reasonable  actions as may be necessary to ensure that, if
this  Agreement  were  determined to create a security  interest in the Mortgage
Loans and the other property  described above,  such security  interest would be
determined  to  be  a  perfected  security  interest  of  first  priority  under
applicable  law and  will be  maintained  as such  throughout  the  term of this
Agreement.  Without  limiting the generality of the foregoing,  the Seller shall
prepare and deliver to the  Purchaser  not less than 15 days prior to any filing
date, and the Purchaser  shall file, or shall cause to be filed,  at the expense
of the  Seller,  all filings  necessary  to maintain  the  effectiveness  of any
original filings necessary under the Uniform Commercial Code as in effect in any
jurisdiction  to perfect  the  Purchaser's  security  interest in or lien on the
Mortgage Loans,  including without limitation (x) continuation  statements,  and
(y) such other  statements as may be occasioned by (1) any change of name of the
Seller or the Purchaser,  (2) any change of location of the place of business or
the chief executive office of the Seller, or (3) any transfer of any interest of
the Seller in any Mortgage Loan.

        Notwithstanding  the  foregoing,  (i)  the  Seller  in its  capacity  as
Servicer  shall retain all  servicing  rights  (including,  without  limitation,
primary  servicing  and master  servicing)  relating  to or  arising  out of the
Mortgage Loans, and all rights to receive  servicing fees,  servicing income and
other payments made as compensation  for such servicing  granted to it under the
Pooling and Servicing  Agreement  pursuant to the terms and conditions set forth
therein (collectively, the "Servicing Rights") and (ii) the Servicing Rights are
not included in the  collateral in which the Seller  grants a security  interest
pursuant to the immediately preceding paragraph.

SECTION 4. Record Title and  Possession  of Mortgage  Files.  The Seller  hereby
sells,  transfers,  assigns,  sets over and  conveys to the  Purchaser,  without
recourse,  but  subject to the terms of this  Agreement  and the  Seller  hereby
acknowledges that the Purchaser,  subject to the terms of this Agreement,  shall
have all the right,  title and  interest  of the  Seller in and to the  Mortgage
Loans. The delivery of each Mortgage File (as defined below) to the Purchaser or
its designee is at the expense of the Seller.  From the Closing Date,  but as of
the Cut-off Date,  the ownership of each Mortgage  Loan,  including the Mortgage
Note,  the Mortgage,  the contents of the related  Mortgage File and all rights,
benefits, proceeds and obligations arising therefrom or in connection therewith,
has been vested in the  Purchaser.  All rights arising out of the Mortgage Loans
including,  but not limited to, all funds received on or in connection  with the
Mortgage  Loans and all records or documents  with respect to the Mortgage Loans
prepared by or which come into the  possession  of the Seller  shall be received
and held by the Seller in trust for the  exclusive  benefit of the  Purchaser as
the owner of the Mortgage  Loans.  On and after the Closing Date, any portion of
the related Mortgage Files or servicing files related to the Mortgage Loans (the
"Servicing Files") in Seller's possession shall be held by Seller in a custodial

                                        3

<PAGE>

capacity  only for the benefit of the  Purchaser.  The Seller shall  release its
custody of any contents of the related Mortgage Files or Servicing Files only in
accordance  with  written  instructions  of the  Purchaser  or  the  Purchaser's
designee.

SECTION 5. Books and Records.  The sale of each Mortgage Loan has been reflected
on the Seller's balance sheet and other financial statements as a sale of assets
by the  Seller.  The Seller  shall be  responsible  for  maintaining,  and shall
maintain, a complete set of books and records for the Mortgage Loans which shall
be appropriately  identified in the Seller's  computer system to clearly reflect
the ownership of the Mortgage Loans by the Purchaser.

SECTION 6.  Delivery of Mortgage  Files.  Within five (5) Business Days prior to
the Closing Date, the Seller will deliver the Mortgage File with respect to each
Mortgage Loan to the Purchaser or its  designee,  as directed by the  Purchaser.
The "Mortgage File" means,  (I) with respect to each Mortgage Loan (other than a
Cooperative Loan):

(a)  The original  Mortgage Note,  endorsed without recourse in blank, or in the
     name of the Trustee as trustee,  and signed by an authorized officer (which
     endorsement  shall  contain  either an  original  signature  or a facsimile
     signature of an authorized  officer of the Seller, and if in the form of an
     allonge,  the  allonge  shall be stapled to the  Mortgage  Note),  with all
     intervening  endorsements  showing  a  complete  chain  of  title  from the
     originator to the Seller. If the Mortgage Loan was acquired by the endorser
     in a merger,  the endorsement must be by " _______,  successor by merger to
     [name -- of predecessor]".  If the Mortgage Loan was acquired or originated
     by the endorser while doing  business  under another name, the  endorsement
     must be by "__________________ formerly known as [previous name]";

(b)  The original Mortgage, noting the presence of the MIN of the Mortgage Loan,
     if  the  Mortgage  is  registered  on  the  MERS(R)  System,  and  language
     indicating  that the Mortgage  Loan is a MOM Loan if the Mortgage Loan is a
     MOM Loan,  with  evidence of recording  indicated  thereon or a copy of the
     Mortgage  certified by the public  recording  office in which such Mortgage
     has been recorded;

(c)  The  original of any  guarantee  executed in  connection  with the Mortgage
     Note, if applicable;

(d)  Any  rider  or the  original  of any  modification  agreement  executed  in
     connection  with the related  Mortgage  Note or Mortgage,  with evidence of
     recording if required by applicable law;

(e)  Unless the Mortgage Loan is registered  on the  MERS(R)System,  an original
     Assignment  or  Assignments  of the  Mortgage  (which may be  included in a
     blanket  assignment  or  assignments)  from the Seller to "Wells Fargo Bank
     Minnesota,  N.A.,  as Trustee  under that  certain  Pooling  and  Servicing
     Agreement  dated as of December 21, 2000, for GMACM  Mortgage  Pass-Through
     Certificates,  Series 2000-J6" c/o the Servicer at an address  specified by
     the Servicer,  and signed by an authorized officer,  which assignment shall
     be in form and substance acceptable for recording. If the Mortgage Loan was

                                        4

<PAGE>

     acquired  by  the  assignor  in a  merger,  the  assignment  must  be  by "
     __________ , successor by merger to [name of predecessor]". If the Mortgage
     Loan was acquired or originated by the assignor  while doing business under
     another name, the assignment must be by "________________ formerly known as
     [previous name]";

(f)  Originals of all intervening  assignments of mortgage,  which together with
     the Mortgage  shows a complete  chain of title from the  originator  to the
     Seller (or to MERS,  if the  Mortgage  Loan is  registered  on the  MERS(R)
     System,  and which notes the presence of a MIN), with evidence of recording
     thereon;

(g)  The original  mortgagee  policy of title  insurance,  including  riders and
     endorsements  thereto,  or if the  policy  has not yet been  issued,  (i) a
     written  commitment  or  interim  binder  for  title  issued  by the  title
     insurance  or escrow  company  dated as of the date the  Mortgage  Loan was
     funded, with a statement by the title insurance company or closing attorney
     that the  priority  of the lien of the related  Mortgage  during the period
     between the date of the funding of the related  Mortgage  Loan and the date
     of the related  title policy (which title policy shall be dated the date of
     recording of the related  Mortgage) is insured,  (ii) a  preliminary  title
     report  issued  by a title  insurer  in  anticipation  of  issuing  a title
     insurance  policy which  evidences  existing  liens and gives a preliminary
     opinion as to the  absence  of any  encumbrance  on title to the  Mortgaged
     Property, except liens to be removed on or before purchase by the Mortgagor
     or which constitute customary exceptions acceptable to lenders generally or
     (iii) other evidence of title insurance acceptable to Fannie Mae or Freddie
     Mac, in accordance with the Fannie Mae Seller/Servicer Guide or Freddie Mac
     Seller/Servicer Guide, respectively;

(h)  A certified true copy of any power of attorney, if applicable; and

(i)  Originals of any security  agreement,  chattel  mortgage or the  equivalent
     executed in connection with the Mortgage, if any;

and (II) with respect to each Cooperative Loan:

(a)            The original  Mortgage  Note,  endorsed  without  recourse to the
               order  of  the  Trustee   and   showing  an  unbroken   chain  of
               endorsements from the originator thereof to the Seller;

(b)            A  counterpart  of the  Cooperative  Lease and the  Assignment of
               Proprietary  Lease to the originator of the Cooperative Loan with
               intervening  assignments  showing an unbroken chain of title from
               such originator to the Trustee;

(c)            The  related  Cooperative  Stock  Certificate,  representing  the
               related   Cooperative   Stock   pledged   with  respect  to  such
               Cooperative Loan,  together with an undated stock power (or other
               similar instrument) executed in blank;

(d)  The original  recognition  agreement by the Cooperative of the interests of
     the mortgagee with respect to the related Cooperative Loan;

                                        5

<PAGE>

(e)            The Security Agreement;

(f)            Copies  of  the  original  UCC-1  financing  statement,  and  any
               continuation   statements,   filed  by  the  originator  of  such
               Cooperative  Loan  as  secured  party,   each  with  evidence  of
               recording  thereof,  evidencing  the  interest of the  originator
               under the Security  Agreement and the  Assignment of  Proprietary
               Lease;

(g)            Copies of the filed UCC-3  assignments  of the security  interest
               referenced in clause (f) above showing an unbroken chain of title
               from  the  originator  to the  Trustee,  each  with  evidence  of
               recording  thereof,  evidencing  the  interest of the  originator
               under the Security  Agreement and the  Assignment of  Proprietary
               Lease;

(h)            An executed  assignment of the interest of the  originator in the
               Security  Agreement,  Assignment  of  Proprietary  Lease  and the
               recognition  agreement referenced in clause (d) above, showing an
               unbroken chain of title from the originator to the Trustee;

(i)  The original of each modification,  assumption  agreement or preferred loan
     agreement, if any, relating to such Cooperative Loan; and

(j)            An  executed  UCC-1  financing  statement  showing  the Seller as
               debtor,  the  Purchaser  as  secured  party  and the  Trustee  as
               assignee and an executed UCC-1  financing  statement  showing the
               Purchaser as debtor and the Trustee as secured  party,  each in a
               form  sufficient  for  filing,  evidencing  the  interest of such
               debtors in the Cooperative Loans.

        In the event that in connection with any Mortgage Loan the Seller cannot
deliver (a) the original  recorded  Mortgage (or evidence of  submission  to the
recording  office),  (b) all  interim  recorded  assignments,  (c) the  original
recorded modification agreement, if required, or (d) the original lender's title
insurance policy (together with all riders thereto)  satisfying the requirements
of clause (I)(b),  (d), (f) or (g) above,  respectively,  concurrently  with the
execution and delivery  hereof  because such document or documents have not been
returned  from the  applicable  public  recording  office  in the case of clause
(I)(b),  (d) or (f) above, or because the title policy has not been delivered to
either the  Purchaser  or the Seller by the title  insurer in the case of clause
(I)(g) above, the Seller shall use its best efforts to deliver to the Custodian,
if any, or the Trustee,  in the case of clause  (I)(b),  (d) or (f) above,  such
original Mortgage, such interim assignment, with evidence of recording indicated
thereon  upon  receipt  thereof  from the  public  recording  office,  or a copy
thereof,  certified, if appropriate, by the relevant recording office, but in no
event shall any such  delivery of the  original  Mortgage  and each such interim
assignment  or a copy  thereof,  certified,  if  appropriate,  by  the  relevant
recording  office,  or the original lender's title policy be made later than one
(1) year following the Closing Date; provided,  however, in the event the Seller
is  unable  to  deliver  by such  dates  each  Mortgage  and each  such  interim
assignment by reason of the fact that any such  documents have not been returned
by the  appropriate  recording  office,  or,  in the case of each  such  interim
assignment,   because  the  related  Mortgage  has  not  been  returned  by  the
appropriate  recording  office,  the Seller shall deliver such  documents to the
Custodian,  if any, or the Trustee as promptly as possible upon receipt  thereof
and, in any event,  within 540 days  following  the Closing Date. In lieu of the
Mortgage  Notes relating to the Mortgage  Loans,  each as identified in the list
delivered  by the Seller to the Trustee or Custodian  on the Closing  Date,  the
Seller  may  deliver a lost note  affidavit  from the  Seller  stating  that the
original Mortgage Note was lost,  misplaced or destroyed,  and, if available,  a

                                        6

<PAGE>

copy of each original  Mortgage  Note;  provided,  however,  that in the case of
Mortgage  Loans which have been prepaid in full after the Cut-off Date and prior
to the Closing Date, the Seller, in lieu of delivering the above documents,  may
deliver to the Custodian,  if any, or the Trustee a certification to such effect
and shall  deposit  all  amounts  paid in respect of such  Mortgage  Loan in the
Payment  Account on the Closing  Date. In any event,  if such  documents are not
delivered by the 540th day after the Closing Date,  the Seller shall  repurchase
the related Mortgage Loans at the Purchase Price or substitute for such Mortgage
Loans one or more Qualified Substitute Mortgage Loans in accordance with Section
7.03 hereof.

        In connection  with any Mortgage  Loan, if the Seller cannot deliver the
Mortgage, any assignment,  modification,  assumption agreement or preferred loan
agreement  (or copy  thereof  certified  by the public  recording  office)  with
evidence of recording  thereon  concurrently  with the execution and delivery of
this  Agreement  because of (i) a delay  caused by the public  recording  office
where such Mortgage, assignment, modification, assumption agreement or preferred
loan agreement as the case may be, has been delivered for recordation, or (ii) a
delay in the  receipt of certain  information  necessary  to prepare the related
assignments, the Seller shall deliver or cause to be delivered to the Custodian,
if  any,  or  the  Trustee  a true  and  correct  photocopy  of  such  Mortgage,
assignment, modification, assumption agreement or preferred loan agreement.

        If any  assignment  is lost or  returned  unrecorded  to the  Trustee or
Custodian  because of any defect therein,  the Seller shall prepare a substitute
assignment or cure such defect, as the case may be, and the Servicer shall cause
such assignment to be recorded in accordance with this Section.

        If the Purchaser  discovers any defect with respect to a Mortgage  File,
the  Purchaser  shall give prompt  written  specification  of such defect to the
Seller, and the Seller shall cure or repurchase such Mortgage Loan or substitute
a Qualified Substitute Mortgage Loan in the manner set forth in Section 7.03.

        If the Seller is notified that any document or documents  constituting a
part of a Mortgage  File are missing or defective in any material  respect,  the
Seller  shall  cure any such  defect  within  90 days from the date on which the
Seller was notified of such defect,  and if the Seller does not cure such defect
in all material  respects  during such period,  upon receipt of a request by the
Trustee  on  behalf of the  Certificateholders,  the  Seller  shall  either  (i)
substitute for such Mortgage Loan a Qualified  Substitute  Mortgage Loan,  which
substitution  shall be  accomplished in the manner and subject to the conditions
set forth in Section 7.03 herein,  or (ii)  purchase such Mortgage Loan from the
Trust  Fund at the  Purchase  Price  within 90 days  after the date on which the
Seller was notified of such defect; provided that if such defect would cause the
Mortgage  Loan to be other  than a  "qualified  mortgage"  as defined in Section
860G(a)(3) of the Code,  any such cure,  substitution  or repurchase  must occur
within 90 days from the date such breach was  discovered.  It is understood  and
agreed  that the  obligation  of the  Seller to cure a  material  defect  in, or
substitute for, or purchase any Mortgage Loan as to which a material defect in a
constituent  document  exists shall  constitute the sole remedy  respecting such
defect   available   to   Certificateholders   or  the   Trustee  on  behalf  of
Certificateholders.

                                        7

<PAGE>

SECTION 7.     Representations and Warranties.

SECTION 7.01.  Representations  and Warranties of Seller. The Seller represents,
warrants  and  covenants to the  Purchaser  that as of the Closing Date or as of
such date specifically provided herein:

               (a) The Seller is a corporation duly organized,  validly existing
and in good standing under the laws of the  Commonwealth of Pennsylvania  and is
or will be in  compliance  with the laws of each  state in which  any  Mortgaged
Property is located to the extent necessary to ensure the enforceability of each
Mortgage Loan;

               (b) The  Seller  has the power and  authority  to make,  execute,
deliver  and  perform  its  obligations  under  this  Agreement  and  all of the
transactions  contemplated  under this  Agreement,  and has taken all  necessary
corporate  action to authorize the execution,  delivery and  performance of this
Agreement;  this Agreement  constitutes a legal, valid and binding obligation of
the Seller,  enforceable against the Seller in accordance with its terms, except
as  enforceability  may  be  limited  by  applicable   bankruptcy,   insolvency,
reorganization,  moratorium  or other  similar  laws now or  hereafter in effect
affecting the  enforcement  of  creditors'  rights in general and except as such
enforceability   may  be  limited  by  general  principles  of  equity  (whether
considered in a proceeding at law or in equity) or by public policy with respect
to indemnification under applicable securities laws;

               (c) The  execution  and delivery of this  Agreement by the Seller
and its  performance  and  compliance  with the terms of this Agreement will not
violate the Seller's  Certificate  of  Incorporation  or Bylaws or  constitute a
material  default (or an event  which,  with  notice or lapse of time,  or both,
would constitute a material default) under, or result in the material breach of,
any material  contract,  agreement or other  instrument to which the Seller is a
party or which may be applicable to the Seller or any of its assets;

               (d) No litigation before any court, tribunal or governmental body
is currently  pending,  nor to the knowledge of the Seller is threatened against
the  Seller,  nor is there any such  litigation  currently  pending,  nor to the
knowledge  of the Seller  threatened  against  the Seller  with  respect to this
Agreement  that in the  opinion  of the Seller has a  reasonable  likelihood  of
resulting in a material adverse effect on the transactions  contemplated by this
Agreement;

               (e) No consent, approval,  authorization or order of any court or
governmental  agency  or  body  is  required  for the  execution,  delivery  and
performance  by the Seller of or compliance  by the Seller with this  Agreement,
the  sale  of the  Mortgage  Loans  or  the  consummation  of  the  transactions
contemplated by this Agreement  except for consents,  approvals,  authorizations
and orders which have been obtained;

               (f) The  consummation  of the  transactions  contemplated by this
Agreement is in the ordinary course of business of the Seller, and the transfer,
assignment  and conveyance of the Mortgage Notes and the Mortgages by the Seller
pursuant  to this  Agreement  are not  subject to bulk  transfer  or any similar
statutory provisions in effect in any applicable jurisdiction;

                                        8

<PAGE>
               (g) The  Seller did not select  such  Mortgage  Loans in a manner
that it reasonably  believed was adverse to the interests of the Purchaser based
on the Seller's portfolio of conventional non-conforming Mortgage Loans;

               (h) The Seller will treat the sale of the  Mortgage  Loans to the
Purchaser as a sale for  reporting  and  accounting  purposes and, to the extent
appropriate, for federal income tax purposes;

               (i) The  Seller is an  approved  seller/servicer  of  residential
mortgage loans for Fannie Mae and Freddie Mac. The Seller is in good standing to
sell mortgage loans to and service mortgage loans for Fannie Mae and Freddie Mac
and no event has  occurred  which  would make the Seller  unable to comply  with
eligibility  requirements  or which would require  notification to either Fannie
Mae or Freddie Mac; and

               (j) No written  statement,  report or other document furnished or
to be furnished pursuant to the Agreement contains or will contain any statement
that is or will be inaccurate or misleading in any material respect.

SECTION 7.02.  Representations  and Warranties as to Individual  Mortgage Loans.
The Seller hereby represents and warrants to the Purchaser,  as to each Mortgage
Loan, as of the Closing Date, as follows:

     (a) The  information  set  forth in the  Mortgage  Loan  Schedule  is true,
complete and correct in all material respects as of the Cut-Off Date;

               (b) The  original  mortgage,  deed of trust or other  evidence of
indebtedness (the "Mortgage") creates a first lien on an estate in fee simple in
real property  securing the related Mortgage Note, free and clear of all adverse
claims,  liens and  encumbrances  having  priority  over the  first  lien of the
Mortgage  subject only to (1) the lien of  non-delinquent  current real property
taxes and  assessments  not yet due and payable,  (2) covenants,  conditions and
restrictions,  rights of way, easements and other matters of public record as of
the date of recording  which are  acceptable  to mortgage  lending  institutions
generally,  and (3) other matters to which like properties are commonly  subject
which do not materially  interfere with the benefits of the security intended to
be provided by the Mortgage or the use, enjoyment, value or marketability of the
related Mortgaged Property;

               (c) The Mortgage Loan has not been delinquent thirty (30) days or
more at any time during the twelve (12) month  period  prior to the Cut-off Date
for such  Mortgage  Loan.  As of the  Closing  Date,  the  Mortgage  Loan is not
delinquent in payment more than 30 days and has not been  dishonored;  there are
no  defaults  under the  terms of the  Mortgage  Loan;  and the  Seller  has not
advanced funds, or induced, solicited or knowingly received any advance of funds
from a party  other  than the owner of the  Mortgaged  Property  subject  to the
Mortgage,  directly or indirectly, for the payment of any amount required by the
Mortgage Loan;

               (d)  There are no  delinquent  taxes  which are due and  payable,
ground rents,  assessments or other  outstanding  charges  affecting the related
Mortgaged Property;

                                        9

<PAGE>

               (e) The terms of the note or other evidence of indebtedness  (the
"Mortgage Note") of the related obligor (the  "Mortgagor") and the Mortgage have
not been impaired, waived, altered or modified in any respect, except by written
instruments  which have been  recorded  to the extent  any such  recordation  is
required by  applicable  law or is  necessary  to protect the  interests  of the
Purchaser,  and which have been  approved  by the title  insurer and the primary
mortgage  insurer,  as applicable,  and copies of which written  instruments are
included in the Mortgage  File.  No other  instrument  of waiver,  alteration or
modification has been executed,  and no Mortgagor has been released, in whole or
in part,  from  the  terms  thereof  except  in  connection  with an  assumption
agreement, which assumption agreement is part of the Mortgage File and the terms
of which are reflected on the Mortgage Loan Schedule;

               (f) The  Mortgage  Note and the  Mortgage  are not subject to any
right of rescission,  set-off, counterclaim or defense, including the defense of
usury,  nor will the  operation of any of the terms of the Mortgage Note and the
Mortgage,  or the exercise of any right thereunder,  render the Mortgage Note or
Mortgage  unenforceable,  in  whole  or in  part,  or  subject  to any  right of
rescission,  set-off,  counterclaim or defense,  including the defense of usury,
and no such right of  rescission,  set-off,  counterclaim  or  defense  has been
asserted with respect thereto;

               (g) All buildings  upon the  Mortgaged  Property are insured by a
generally  acceptable insurer pursuant to standard hazard policies conforming to
the  requirements  of Fannie  Mae and  Freddie  Mac.  All such  standard  hazard
policies  are in effect  and on the date of  origination  contained  a  standard
mortgagee  clause naming the Seller and its successors in interest as loss payee
and such clause is still in effect.  If the Mortgaged  Property is located in an
area  identified by the Federal  Emergency  Management  Agency as having special
flood hazards under the Flood Disaster Protection Act of 1973, as amended,  such
Mortgaged  Property  is covered by flood  insurance  by a  generally  acceptable
insurer in an amount not less than the  requirements  of Fannie Mae and  Freddie
Mac.  The  Mortgage  obligates  the  Mortgagor  thereunder  to maintain all such
insurance at the Mortgagor's cost and expense, and on the Mortgagor's failure to
do so,  authorizes  the holder of the Mortgage to maintain such insurance at the
Mortgagor's  cost  and  expense  and to seek  reimbursement  therefor  from  the
Mortgagor;

               (h) Any and all  requirements of any federal,  state or local law
including, without limitation, usury,  truth-in-lending,  real estate settlement
procedures,  consumer credit protection,  equal credit opportunity or disclosure
laws  applicable  to the Mortgage  Loan have been  complied with in all material
respects;

               (i)  The   Mortgage   has  not  been   satisfied,   canceled   or
subordinated,  in whole or in part, or rescinded, and the Mortgaged Property has
not been released from the lien of the Mortgage, in whole or in part nor has any
instrument  been  executed  that would  effect any such  satisfaction,  release,
cancellation, subordination or rescission;

               (j) The Mortgage  Note and the related  Mortgage are original and
genuine  and each is the  legal,  valid  and  binding  obligation  of the  maker
thereof,  enforceable  in all respects in  accordance  with its terms subject to
bankruptcy,  insolvency  and other laws of  general  application  affecting  the
rights of  creditors.  All parties to the Mortgage Note and the Mortgage had the
legal  capacity to enter into the  Mortgage  Loan and to execute and deliver the
Mortgage  Note and the  Mortgage.  The Mortgage  Note and the Mortgage have been
duly and properly  executed by such  parties.  The proceeds of the Mortgage Note
have been  fully  disbursed  and there is no  requirement  for  future  advances
thereunder;

                                        10

<PAGE>

               (k)  Immediately  prior to the  transfer  and  assignment  to the
Purchaser,  the Mortgage Note and the Mortgage were not subject to an assignment
or  pledge,  and the Seller  had good and  marketable  title to and was the sole
owner  thereof and had full right to transfer and sell the Mortgage  Loan to the
Purchaser free and clear of any encumbrance, equity, lien, pledge, charge, claim
or security interest;

               (l) The  Mortgage  Loan is  covered  by an  ALTA  lender's  title
insurance policy or other generally acceptable form of policy of insurance, with
all necessary  endorsements,  issued by a title insurer qualified to do business
in the jurisdiction where the Mortgaged  Property is located,  insuring (subject
to the  exceptions  contained  in clause (b) (1), (2) and (3) above) the Seller,
its successors and assigns, as to the first priority lien of the Mortgage in the
original  principal  amount of the Mortgage Loan.  Such title  insurance  policy
affirmatively  insures ingress and egress and against  encroachments  by or upon
the Mortgaged  Property or any interest therein.  The Seller is the sole insured
of such lender's title insurance  policy,  such title insurance  policy has been
duly and validly endorsed to the Purchaser or the assignment to the Purchaser of
the Seller's interest therein does not require the consent of or notification to
the insurer and such lender's title insurance policy is in full force and effect
and will be in full force and effect upon the  consummation of the  transactions
contemplated  by this  Agreement.  No claims have been made under such  lender's
title insurance policy, and no prior holder of the related Mortgage has done, by
act or omission, anything which would impair the coverage of such lender's title
insurance policy;

               (m) To the  Seller's  knowledge,  there  is no  default,  breach,
violation or event of  acceleration  existing  under the Mortgage or the related
Mortgage  Note and no event  which,  with the passage of time or with notice and
the expiration of any grace or cure period, would constitute a default,  breach,
violation or event permitting acceleration; and neither the Seller nor any prior
mortgagee  has  waived  any  default,  breach,  violation  or  event  permitting
acceleration;

               (n) To the Seller's knowledge, there are no mechanics, or similar
liens or claims which have been filed for work, labor or material  affecting the
related  Mortgaged  Property  which are or may be liens prior to or equal to the
lien of the related Mortgage;

               (o) To the Seller's knowledge, all improvements lie wholly within
the boundaries  and building  restriction  lines of the Mortgaged  Property (and
wholly with the project with respect to a condominium  unit) and no improvements
on adjoining  properties encroach upon the Mortgaged Property except those which
are  insured  against by the title  insurance  policy  referred to in clause (l)
above and all improvements on the property comply with all applicable zoning and
subdivision laws and ordinances;

     (p)  The  Mortgage   Loan  is  a   "qualified   mortgage"   under   Section
860(G)(a)(3)(A) of the Code and Treasury Regulations Section 1.860G-2(a)(1);

               (q) The  Mortgage  Loan was  originated  by the  Seller  or by an
eligible correspondent of the Seller. The Mortgage Loan complies in all material
respects  with  all the  terms,  conditions  and  requirements  of the  Seller's

                                        11

<PAGE>

underwriting  standards in effect at the time of  origination  of such  Mortgage
Loan. Except as otherwise set forth on the Mortgage Loan Schedule,  the Mortgage
Loans were originated with full or alternative documentation. The Mortgage Notes
and Mortgages are on uniform Fannie  Mae/Freddie Mac instruments or are on forms
acceptable to Fannie Mae or Freddie Mac;

               (r)  The  Mortgage  Loan  contains  the  usual  and   enforceable
provisions of the originator at the time of origination for the  acceleration of
the payment of the unpaid principal amount if the related Mortgaged  Property is
sold without the prior  consent of the mortgagee  thereunder.  The Mortgage Loan
has an  original  term to  maturity  of not more  than 30 years,  with  interest
payable in arrears on the first day of each month. Except as otherwise set forth
on the  Mortgage  Loan  Schedule,  the Mortgage  Loan does not contain  terms or
provisions which would result in negative  amortization  nor contain  "graduated
payment" features or "buydown" features;

               (s)  To  the  Seller's  knowledge,   the  Mortgaged  Property  at
origination  of the Mortgage  Loan was and currently is free of damage and waste
and at  origination  of the Mortgage Loan there was, and there  currently is, no
proceeding pending for the total or partial condemnation thereof;

               (t) The related Mortgage contains enforceable  provisions such as
to render  the rights  and  remedies  of the  holder  thereof  adequate  for the
realization  against  the  Mortgaged  Property of the  benefits of the  security
provided thereby,  including, (1) in the case of a Mortgage designated as a deed
of trust, by trustee's sale, and (2) otherwise by judicial  foreclosure.  To the
Seller's  knowledge,  there is no homestead or other exemption  available to the
Mortgagor which would interfere with the right to sell the Mortgaged Property at
a trustee's sale or the right to foreclose the Mortgage;

               (u) If the Mortgage constitutes a deed of trust, a trustee,  duly
qualified if required  under  applicable  law to act as such,  has been properly
designated and currently so serves and is named in the Mortgage,  and no fees or
expenses are or will become  payable by the  Purchaser to the trustee  under the
deed of trust, except in connection with a trustees sale or attempted sale after
default by the Mortgagor;

               (v) If required by the applicable  processing style, the Mortgage
File  contains an appraisal of the related  Mortgaged  Property  made and signed
prior to the final  approval of the mortgage  loan  application  by an appraiser
that is acceptable to Fannie Mae or Freddie Mac and approved by the Seller.  The
appraisal,  if applicable,  is in a form  generally  acceptable to Fannie Mae or
Freddie Mac;

               (w) To the Seller's knowledge,  each of the Mortgaged  Properties
consists  of a single  parcel of real  property  with a  detached  single-family
residence erected thereon, or a two- to four-family  dwelling,  a townhouse,  an
individual  condominium unit in a condominium  project,  an individual unit in a
planned  unit  development  or a  proprietary  lease  on a  cooperatively  owned
apartment and stock in the related cooperative corporation. Any condominium unit
or planned  unit  development  either  conforms  with  applicable  Fannie Mae or
Freddie Mac  requirements  regarding  such  dwellings  or is covered by a waiver
confirming that such  condominium unit or planned unit development is acceptable
to Fannie Mae or Freddie Mac or is otherwise "warrantable" with respect thereto.
No such residence is a mobile home or manufactured dwelling;

                                        12

<PAGE>

               (x) The ratio of the original outstanding principal amount of the
Mortgage  Loan to the  lesser  of the  appraised  value (or  stated  value if an
appraisal  was not a  requirement  of the  applicable  processing  style) of the
Mortgaged  Property  at  origination  or the  purchase  price  of the  Mortgaged
Property  securing  each  Mortgage  Loan (the  "Loan-to-Value  Ratio") is not in
excess of 95.00%. The original  Loan-to-Value Ratio of each Mortgage Loan either
was not more than  80.00% or the  excess  over  80.00% is  insured as to payment
defaults by a primary  mortgage  insurance  policy issued by a primary  mortgage
insurer acceptable to Fannie Mae and Freddie Mac;

               (y) The  Assignment  of  Mortgage  is in  recordable  form and is
acceptable  for  recording  under  the laws of the  jurisdiction  in  which  the
Mortgaged Property is located;

               (z) The Seller is either,  and each Mortgage Loan was  originated
by, a savings and loan association, savings bank, commercial bank, credit union,
insurance  company or similar  institution which is supervised and examined by a
federal or State  authority,  or by a  mortgagee  approved by the  Secretary  of
Housing and Urban  Development  pursuant to Section 203 and 211 of the  National
Housing Act;

               (aa) The  origination,  collection  and servicing  practices with
respect to each Mortgage  Note and Mortgage  have been in all material  respects
legal,  normal and usual in the Seller's general mortgage servicing  activities.
With respect to escrow deposits and payments that the Seller collects,  all such
payments  are in the  possession  of, or under the control  of, the Seller,  and
there  exist  no  deficiencies  in  connection  therewith  for  which  customary
arrangements  for repayment  thereof have not been made.  No escrow  deposits or
other  charges or payments  due under the  Mortgage  Note have been  capitalized
under any Mortgage or the related Mortgage Note; and

               (bb) No  fraud  or  misrepresentation  of a  material  fact  with
respect to the origination of a Mortgage Loan has taken place on the part of the
Seller.

SECTION 7.03.  Repurchase.  It is understood and agreed that the representations
and warranties set forth in Sections 7.01 and 7.02 shall survive the sale of the
Mortgage Loans to the Purchaser and delivery of the related Mortgage File to the
Purchaser  or its  designee  and shall  inure to the  benefit of the  Purchaser,
notwithstanding any restrictive or qualified endorsement on any Mortgage Note or
Assignment of Mortgage or the  examination of any Mortgage File.  Upon discovery
by either  the  Seller  or the  Purchaser  of a breach  of any of the  foregoing
representations  and warranties which materially and adversely affects interests
of the  Purchaser or its assignee in any Mortgage  Loan,  the party  discovering
such breach shall give prompt written  notice to the other.  If the substance of
any representation or warranty has been breached,  the repurchase obligation set
forth in the  provisions  of this Section 7.03 shall apply  notwithstanding  any
qualification as to the Seller's  knowledge.  Following  discovery or receipt of
notice of any such  breach,  the Seller shall either (i) cure such breach in all
material  respects  within 90 days from the date the Seller was notified of such
breach or (ii)  repurchase  such  Mortgage Loan at the related  Purchase  Price;
provided,  however,  that the  Seller  shall  have the  option to  substitute  a

                                        13

<PAGE>

Qualified  Substitute  Mortgage  Loan or Loans  for such  Mortgage  Loan if such
substitution  occurs within two years  following the Closing Date;  and provided
further  that if the breach  would  cause the  Mortgage  Loan to be other than a
"qualified  mortgage"  as defined in Section  860G(a)(3)  of the Code,  any such
cure,  repurchase or substitution  must occur within 90 days from the earlier of
the date the breach was  discovered or receipt of notice of any such breach.  In
the event that any such breach shall involve any  representation or warranty set
forth in  Section  7.01 or those  relating  to the  Mortgage  Loans or a portion
thereof in the aggregate,  and such breach cannot be cured within ninety days of
the earlier of either  discovery by or notice to the Seller of such breach,  all
Mortgage Loans affected by the breach shall, at the option of the Purchaser,  be
repurchased by the Seller at the Purchase Price or substituted for in accordance
with  this  Section  7.03.  If the  Seller  elects  to  substitute  a  Qualified
Substitute  Mortgage Loan or Loans for a Deleted  Mortgage Loan pursuant to this
Section 7.03,  the Seller shall  deliver to the  Purchaser  with respect to such
Qualified  Substitute  Mortgage Loan or Loans,  the original  Mortgage Note, the
Mortgage,  an Assignment of the Mortgage in recordable form if required pursuant
to Section 6, and such other documents and agreements as are required by Section
6, with the  Mortgage  Note  endorsed as required by Section 6. No  substitution
will be made in any calendar month after the Determination  Date for such month.
Monthly Payments due with respect to Qualified  Substitute Mortgage Loans in the
month of  substitution  shall not be part of the Trust Fund and will be retained
by  the  Servicer  and  remitted  by the  Servicer  to the  Seller  on the  next
succeeding  Distribution  Date. For the month of substitution,  distributions to
the  Certificateholders  will  include  the  Monthly  Payment  due on a  Deleted
Mortgage  Loan for such month and  thereafter  the Seller  shall be  entitled to
retain all amounts  received in respect of such Deleted Mortgage Loan. Upon such
substitution,  the Qualified  Substitute Mortgage Loan or Loans shall be subject
to the terms of this  Agreement in all  respects,  the Seller shall be deemed to
have made the  representations  and warranties  contained in this Agreement with
respect  to the  Qualified  Substitute  Mortgage  Loan or Loans  and  that  such
Mortgage Loans so substituted are Qualified  Substitute Mortgage Loans as of the
date of substitution.

        In the event of a  repurchase  by the Seller  pursuant  to this  Section
7.03, the Purchaser shall forward or cause to be forwarded the Mortgage File for
the related  Mortgage Loan to the Seller,  which shall include the Mortgage Note
endorsed without recourse to the Seller or its designee,  an assignment in favor
of the Seller or its designee of the Mortgage in recordable  form and acceptable
to the Seller in form and substance and such other  documents or  instruments of
transfer or assignment as may be necessary to vest in the Seller or its designee
title to any such Mortgage Loan. The Purchaser shall cause the related  Mortgage
File to be forwarded to Seller immediately after receipt of the related Purchase
Price by wire transfer of immediately available funds to an account specified by
the Purchaser.

        It is  understood  and agreed that the  obligation of the Seller to cure
such breach or purchase (or to  substitute  for) such  Mortgage Loan as to which
such a breach has occurred and is continuing  shall  constitute  the sole remedy
respecting such breach available to the Purchaser or its assignee.

SECTION 8. Notices. All demands,  notices and communications  hereunder shall be
in writing and shall be deemed to have been duly given when  deposited,  postage
prepaid,  in the United States mail, if mailed by registered or certified  mail,
return receipt requested,  or when received,  if delivered by private courier to
another party,  at the related  address shown on the first page hereof,  or such
other address as may hereafter be furnished to the parties by like notice.

                                        14

<PAGE>

SECTION 9. Severability of Provisions.  Any provision of this Agreement which is
prohibited  or  unenforceable  or is held to be  void  or  unenforceable  in any
jurisdiction  shall,  as to such  jurisdiction,  be ineffective to the extent of
such  prohibition  or  unenforceability   without   invalidating  the  remaining
provisions  hereof,  and  any  such  prohibition  or   unenforceability  in  any
jurisdiction   as  to  any  Mortgage   Loan  shall  not   invalidate  or  render
unenforceable such provision in any other jurisdiction.  To the extent permitted
by applicable law, the parties hereto waive any provision of law which prohibits
or renders void or unenforceable any provision hereof.

SECTION 10.  Counterparts;  Entire  Agreement.  This  Agreement  may be executed
simultaneously  in any number of counterparts.  Each counterpart shall be deemed
to be an original,  and all such counterparts  shall constitute one and the same
instrument.  This Agreement is the entire agreement between the parties relating
to  the  subject   matter  hereof  and   supersedes   any  prior   agreement  or
communications between the parties.

SECTION 11. Place of Delivery and Governing Law. This Agreement  shall be deemed
in effect when  counterparts  hereof  have been  executed by each of the parties
hereto.  This  Agreement  shall be  deemed to have been made in the State of New
York. This Agreement shall be construed in accordance with the laws of the State
of New York and the  obligations,  rights and remedies of the parties  hereunder
shall be  determined  in  accordance  with the  laws of the  State of New  York,
without giving effect to its conflict of law rules.

SECTION 12.  Successors  and Assigns;  Assignment of Agreement.  This  Agreement
shall bind and inure to the benefit of and be  enforceable by the parties hereto
and their  respective  successors and assigns;  provided that this Agreement may
not be assigned,  pledged or hypothecated by the Seller to a third party without
the prior written consent of the Purchaser.

SECTION 13. Waivers;  Other  Agreements.  No term or provision of this Agreement
may be waived or modified  unless such waiver or  modification is in writing and
signed by the party  against  whom such waiver or  modification  is sought to be
enforced.

SECTION 14. Survival. The provisions of this Agreement shall survive the Closing
Date and the delivery of the Mortgage  Loans,  and for so long  thereafter as is
necessary  (including,  subsequent to the  assignment of the Mortgage  Loans) to
permit  the  parties  to  exercise  their  respective  rights or  perform  their
respective obligations hereunder.

                                        15

<PAGE>

        IN WITNESS WHEREOF, the Seller and the Purchaser have caused their names
to be signed hereto by their respective officers thereunto duly authorized as of
the date first above written.

                                  GMAC MORTGAGE CORPORATION

                                  By:    /s/ Thomas J. O'Hara
                                  Name:  Thomas J. O'Hara
                                  Title: Vice President

                                  RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC.

                                  By:  /s/ Patricia C. Taylor
                                  Name: Patricia C. Taylor
                                  Title:   Vice President

<PAGE>

                                   SCHEDULE I

                             MORTGAGE LOAN SCHEDULE

             (See Exhibit E under Pooling and Servicing Agreement)

<PAGE>

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